CoinSpeech has collected the most important takeaways from a recent appearance by Ivan on Tech. You can find Ivan on Tech’s new video below.
Bitcoin Steady, Solana Surges
Ivan points out that Bitcoin’s price has been relatively steady, staying close to the levels it achieved in previous days. However, the highlight is Solana, which is on the cusp of receiving an ETF approval. Ivan mentions, “If Solana is approved according to GSR Marquez, we will see Solana go up by 9x if the ETF is approved.” This is due to the positive political climate pre-election, where cryptocurrencies are becoming a significant election topic.
Political Influence on Crypto
The election atmosphere in the U.S. is a massive driver for crypto developments. “Politicians are racing who is most Pro crypto who is most Pro Innovation,” Ivan says. This is evident as political figures, including the co-founder of Kraken, Jesse Powell, are actively supporting candidates like Trump, with sizable donations in Ethereum. Ivan highlighted this scenario, noting, “Jesse Powell is donating one million bucks straight to Trump in ETH.“
Debates and Digital Currencies
The 2024 election debates have been a blend of humor and serious policy arguments. Ivan discusses how Trump and Biden’s exchanges often veer into the absurd, like their discussions on golf abilities, but he emphasizes that “crypto will have a bigger role in the next debate.” This underscores the growing importance of cryptocurrencies in mainstream political discourse.
Bitcoin’s Imminent Breakout
Regarding Bitcoin’s future, Ivan foresees a breakout driven by political and economic uncertainty. “The longer the consolidation base, the bigger the pump,” he asserts, predicting significant upward movement as market dynamics evolve.
Solana’s Resurgence
Solana has been recovering nicely, boosted by ETF speculations. Ivan predicts, “If Solana can close above approximately $152, it would be insanely bullish because it’s a massive reversal pattern.” He suggests keeping a close eye as this could be a major turning point for Solana.
The War on Cash and Crypto’s Future
Ivan emphasizes the potential shift from traditional cash to cryptocurrencies, sparked by excessive KYC requirements and data breaches. “The war on cash will not end with cash surviving; it’s impossible. They’re going to kill cash; it’s a question of time.” He advocates for crypto as a solution to these growing privacy concerns.
As we navigate through pre-election turbulence and crypto market fluctuations, the insights from Ivan on Tech provide a comprehensive understanding of the current landscape. For more detailed discussions, watch the video below: