Bitcoin Price Pumping! Get Ready for Infinite Mone

Today in crypto Bitcoin is maintaining strong price momentum, but can it last or are we in for more price pain? The US stimulus package gets held up by Congress, thanks to of course disgusting corruption in the government. The Federal Reserve keeps doubling down on infinite money, printing and the FDIC wants to assure you that your money is safe in the bank. The crypto lurk. This is

you the top resources and tips that you need to know. Okay, now over to the charts. So we are moving closer and closer to the monthly close for Bitcoin. And of course we do have to wait for this candle to actually close to be valid, but I just wanted to underline really the insane demand that we see. So I saw for Bitcoin at the $4,000 and

the $5,000 levels. We can just look at that monthly candle right now. How it's forming up. That is a $3,000 WIC. That is showing massive support from buyers has happened. There are a lot of people out there who are bullish on the future of Bitcoin, especially at those price points. Obviously, let's see how this month closes out, but definitely curious to see how it is shaping

up. Now over on the weekly, we are still sitting nicely above that 200 week moving average. A lot could change in the next few days. Let's hope that the moment that we are seeing does continue and that we close a nice green candle over the 200 week moving average. That would definitely be a bullish sign for the recovery of the market. Over on the daily, we

just got a third bounce on the key trend line that has been forming up. Now this line of support on the daily, I'm looking at this as a critical level right now. A break below this line would send the price back into a definitely more bearish zone. So let's watch for $6,000 as a holding line on the daily for Bitcoin right now. Although a WIC down

to around $5,900, that would not actually invalidate this since that level. Right round $5,900 has in the short term set itself up as a good price line for Bitcoin to hold at. But also we do have some strong historical moments when the price found support right around the $5,900 level. But I do think that we could see this uptrend continuing for a while. But do just

remember that although the charts are looking relatively bullish at the moment that as this crisis grinds on, we could definitely have more panic moments in store. And of course that equates into more moments of price pain. So do be aware of that. Also, if you're looking for a great place to trade Bitcoin futures in too long and too short, the market, then check out by bit.

If you sign up using the link down below, then you can actually get up to $90 in trading bonuses. By bit is of course a high risk, high reward, margin trading platform. And it is only for experienced traders. By the way, it's not just Bitcoin that is up at the moment. The Dow Jones industrial average recovered more than 2,000 points on Tuesday. Soaring to its largest

one day percentage gain since 1933. Wowsers. Gold also had a really good day as well. In fact, gold has been having a great week overall right along with Bitcoin. Gold is up around 12.5% in just the last few days proving that even in times of great uncertainty that there is massive opportunity out there in the markets. In fact, gold is a great opportunity. Gold is in

red hot demand right now, especially the real stuff with gold and even silver dealers around the world reporting shortages as they are unable to keep up with the demand from retail consumers walking in and trying to buy physical gold in silver. Okay. Now onto the first big story of the day, the stimulus deal in the United States has stalled in Congress. Really no surprises there to

be honest. But we do have a new price tag. For that package, just have a quick listen to this video here. It's a very good opportunity and cash for family, small business individuals unemployed to keep this thing going. Six trillion dollars, six frickin trillion. That is wild. Remember, this is not coming from like a government savings account. No, no, no, far from the US is actually

23 trillion dollars in debt. And this is not from tax revenues. No, the US collects far less than that annually. And already runs at a very large deficit, meaning that of course that they collect less in taxes than the government is spending, meaning that they are borrowing to spend every year. This is new money being created and new money that is being flooded into the financial

system. Also, this bill will likely be one of the biggest handouts ever to corporate America. Lobbyists, they are working overtime in DC right now to make sure they get their little slice of the free money pie. Even if $500 billion goes to regular Americans, just remember that that is basically just a small bribe to placate the masses. Corporations they are gonna get way, way more. Every

major industry right now they have their handout for as much as they can get. Man, screw these crap politicians. They're always just so ready to get down on their knees to please their corporate masters. It's gross. Seriously, in the middle of a pandemic, instead of acting to be decisively to help regular people, the politicians are slowing down the process in order to make sure that every

corporate lobbyist has their chance to get a piece of the pie. This is pay tape for these guys. It's absolutely sickening. But this is what politicians do. They take bribes and then they do favors for people on the other end. This is an action. Public health be damned. Now up next are two very interesting stories that we have here. I want to share with you that

have come up in just the last few days. The first one is a short clip from the Federal Reserve. So let's have a little peek at that real quick. Everything that the Fed has done this past week as essentially flooding the system with money. Yes, exactly. And there's no end to your ability to do that. There is no end to our ability to do that. Is

the Fed just going to print money? That's literally what Congress has told us to do. That's the authority that they've given us to print money and provide liquidity into the financial system. And that's how we do it. We created electronically. And then we can also print it with the Treasury Department printed so that you can get money out of your ATM. Your ATM is safe. Your

banks are safe. There's enough cash in the financial system. And there is an infinite amount of cash at the Federal Reserve. We will do whatever we need to do to make sure that there's enough cash in the banking system. That guy did not misspeak. You heard that right. Infinite money. As if the $6 trillion wasn't enough already and $6 trillion. That's a startling amount of money.

These guys are sociopaths. They are literally ready and willing to print any wealth that is stored in dollars into absolute oblivion. Your dollar is sitting in a bank account. You're earning 0.01% interest. That's cute. Really. That's nice, isn't it? Inflation, it's about to rob you, blind. And just as a bit of extra icing on the cake. Just who is being tapped by Secretary of State? Well,

it's none other than our good friends over at Goldman Sachs. Oh, man, oh, man, oh, man. I swear. Life, it is the real comedy. I couldn't write this stuff if I tried. It's so absurd. This is like putting the foxes in charge of the henhouse. The central banks, they are all promising unlimited quantitative easing. There will be no end to the money. They will be printing.

There will be no end to the buying of corporate bonds. And that that is seriously sick, by the way. You're going to have the government out there. The Federal Reserve stop stepping in and actually buying these junk corporate bonds. The systems are total joke. This crisis could spell real, real trouble for the dollar and other major fiat currencies. We may be finally entering that early stage

of hyper bit coinization. It has, we might of course, be entering the first stages of hyper inflation for the world's most important fiat currencies. The Federal Reserve has promised infinite money. The Bank of England, they have said that they will put up unlimited quantities of money. And the European Central Bank, they have also said that there are no limits that they won't go to in defense

of the euro. And the US, the US deficit will likely be over $3 trillion this year, meaning that there will also be unending debt. Now how long until the US has $30 trillion in debt? How long until the debt owed by the US government goes over the yearly tax income for the government? What will the answer be to such absolutely insurmountable debt? Well, it's going to

be the same answer that there are. Print more money. Print money to ensure corporate profits. Print money to cover the debt. Print money to fix the problems caused by printing money. That's their only answer. It's crazy. I'm so happy that I hold Bitcoin when I see news stories like this. It's just... Wow. Wow. And I did promise you a second story. So let's start it off

with this nice little video here from our good friend. This is what I would like you to take away from this. Your money is safe at the banks. The last thing you should be doing is pulling your money out of the banks now, thinking that it's going to be safe for someplace else. You don't want to be walking around with large wards of cash, and you

certainly don't want to be hoarding cash in your mattress. It didn't pin out well for so many people. And I will tell you this, no depositor has lost the penny of their insured deposits since 1933. When the FDIC was created. So if you're talking about having your money to safe, please, please keep it in an FDIC insured bank. First off, the FUK is up with that

cheesy music man. Nothing says like lack of confidence like that. Chees music anyway. This is the FDIC telling you to please, please don't take your money out of the bank. It really makes you feel like you want to take all your money out of the bank after listening to something like that, doesn't it? Look, a bank run, it can happen. I don't want these things to

happen, but it's a possibility. They have happened in lots of other countries around the world, many in just last couple of years. There is no reason to think that the USA is immune from having these things happen. Also, I've had a lot of people asking about the FDIC sense my video the other day where I said that the FDIC only covers around 1% of US bank

deposits. Now, although I've actually covered this topic before in previous videos, I do need to of course, member personally too, that since I last discussed it some months ago, the many new people have come into crypto. And of course, many new people have come to the channel in general. So here are the numbers for you. So you can understand what a joke the FDIC actually is.

So the FDIC currently has a little more than $100 billion in its insurance. Well, that sounds like a lot of money, right? So that means that they can cover 400,000 people who hold $250,000 in their bank account. That sounds pretty good. But then you need to realize that the total amount of US bank deposits is around $9.5 trillion. In the total of these deposits that are

insured by the FDICs, maybe around 6 trillion or so, you can take a man to do the math there, but something doesn't seem to add up to me. How does 100 billion cover 6 trillion or even 9.5 trillion? Also, it may be seen what if any role the FDIC would play if the US actually allows banks to do bank bailings. These are now legal in almost

every country the USA included. After they did the bank bailings in Cyprus and there were no bankers that were hung in the town square, I think the elites looked at themselves and decided, well, I guess that's cool and normal. So we should probably do that again in the future. Put that under our caps as a tool used for later. A bank bailin in case you're not

familiar is where the bank takes money from your account to cover their losses. Cash is a risk. Yes, it is true. It is true that you can get robbed in your home. You have a lot of cash sitting in your house or that actually a cop in the USA can rob you on the way home from the bank because remember, having cash makes you a criminal.

And only criminals have cash. In sane logic, but that's the logic applied in civil asset forfeatures by cops. But banks are not as safe as they are made out to be. Now look, maybe you don't need to worry since the Federal Reserve will probably just print the other few trillion dollars if needed to cover the US bank deposits. If banks in the US actually do fail

if the helicopter money being thrown out to them in terms of these stimulus and bailouts doesn't just say the banks anyway. But assume the FDIC is some kind of a safety blanket during a black swan. It just isn't. It really isn't. We will always think that these bad things they can only happen to someone else somewhere else and that they can't happen to us. That multi-hour

lines to withdraw a few dollars from the bank. That only happens. It happens in far away places. It can happen anywhere to anyone at any time. The system is super fragile and it is massively corrupt and rotten. This is what has happened and been proven to us in places like Argentina, India, and Lebanon. Capital controls can and will be implemented by banks. They have proven they

are willing to do it. You will be restricted from accessing your money. The banks, they have every right to do this and they will do it if they deem it necessary. I've said it before. Begging people not to take their money out of the banks because reality is that they don't have it thanks to fractional reserve banking. The Bitcoin having is less than 50 days away.

Tick, talk, mother, duckers, it's coming, man. It's coming. These are the times to separate the men from the boys and the ladies from the girls. The believers will buy and hold Bitcoin. The believers probably already do hold Bitcoin. Bitcoin remains as it always has a permissionless decentralized Swiss bank in your pocket. Billions, no unelected clowns printing trillions more just solid, simple economics and digital scarcity. In

times like this, I am definitely happy to be a bit coin holder. But of course those are just my two satehoshis. You will let me know what you think about any of today's news stories down below in the comment section. Do you think that 6 trillion is going to be the final number for this system? Is it a stimulus package or are we going to see

10 trillion, 20 trillion? These numbers sound insane, but 6 trillion is a crazy number, man. Totally crazy. So I'd love to know your opinion about that down below. Will we see even more trillions being thrown into the dumpster fire of the economy? Or not? Love to know your opinion on that. Of course, thank you so much for watching today's video. Hope that you're staying safe, that

you're staying healthy, and that you're keeping a positive attitude through all of this craziness that we see going on out there. Make sure you're safe. Make sure to hit that like button if you did enjoy today's video and subscribe to the channel if you're new around here. Long live the blockchain. And peace out to next time. Bye.