ARGENTINA’s new president is a Bitcoiner

 Monday Market Update starts with an absolute bang. Argentina, a country with a GDP of  500 billion and an inflation rate of 143%, has just elected its first libertarian president. He’s an anti socialist, you know, anti woke, all that. But importantly for crypto investors, he is pro Bitcoin. So there’s every chance here that Xavier Miller will enact similar policies to El Salvador.

With Nayib Burkhali and what he’s been doing over there to get their country out of the horrible mess that they’ve been. Argentina was once one of the most prosperous, most wealthy nations in the world. It’s absolutely beautiful country and it has fallen into absolute disrepair and horrible poverty at this stage.

So they’ve got nothing to lose and this is a huge signpost in the Bitcoin adoption trend. A real quick glance across markets, that Argentinian news has propelled Bitcoin above 37, 000. There’s probably a mix of that and also the ETF buzz is just building, the suspense is building. And there’s a lot of calls for 32, 000, but I just don’t think that’s going to come.

I think the market knows the catalyst is coming. No one’s going to sell before that at the very least. The longer this drags onto the halving, I think the better. Ethereum’s had a really lovely bump again back to 2, 000. I think that is almost ready to absolutely rip. We’re seeing layer twos really go.

We’re seeing AI absolutely move. So AGIX is one of the biggest movers. FET is an absolute huge mover as well on AI. So these are narratives on the back of Sam Altman from OpenAI who lost his CEO position, but that’s an interesting sort of. Sideshow going in the background around AI and how things are moving.

But there’s also this talk that OpenAI has developed this super, super AI. And there may have been some reason they wanted to get rid of Sam Altman in that process. I won’t digress into that, but it’s interesting that AI is absolutely pumping around that kind of news. So if AI is advancing and developing, AI cryptos seem to be moving hard as well.

And finally, guys, just leave us, leave us on this new meme coin that’s just exploding. It’s called Bonk. It’s on a Solana network. And it has gone, boom, absolutely through the roof. It’s something I’m watching in terms of, you know, 2000 percent higher. These cryptos, you get onto them before they are, you know, well advanced into this sort of scenario.

But my view is if you look at these meme coins like Pepe and whatnot that are now… It’s starting to push on just high market caps. You want to look for opportunities, something like this in your higher risk percentage in your portfolio that you think might actually really move hard because of its low market cap.

It’s got a lot of attention on it. It’s got a lot of bulls behind it, a lot of capital, but the market cap’s still really, really low. So these are where you can look for opportunities. Guys, I hope you’ve enjoyed this real quick 90 second episode. Have a great day. Bye bye.