BITCOIN WHALE Population Near 2017 Levels & Capital One Bank Crypto Patent

Some very bullish news here the bitcoin whale population is approaching September 2017 levels and remember what happened in 2017 we saw that parabolic run-up in September through December Bitcoin hitting near twenty thousand dollars the all coins followed a therm was about $1300

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XRP one to three dollars and like 60 cents and we saw just a massive pump so it is no surprise that this population is growing you know if you want to talk about it in the whale stay from a whale standpoint because we've been seeing the news of a lot of hedge funds and Wall Street getting in and buying up a lot of the crypto we've been talking about grayscale and how they bought over 18,000 Bitcoin after to having more Bitcoin that was put then that was mined

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I mean that's pretty mind-blowing right so all these guys are getting in and we are seeing a lot of demand from institutional investors so the number of Bitcoin wails with the ability to affect the Bitcoin price is approaching 20 17 levels when the token was ascending to $20,000 according to glass nodes the week on chain report for June 15 there has been a steady growth in the number of Bitcoin Wales traders holding 1,000 Bitcoin or more since January and here's the chart and you can see it goes back to since 2015

You'll notice the 20 2017 levels and here you can see we are back up at similar levels here number of entities with a balance of 1,000 Bitcoin or more so that's a great sign and like I said I'm not surprised we've been seeing news after news this crypto hedge fund this hedge fund is doing this this a venture capital firm Anderson heroin's Morgan Creek Digital all of these people are being buying up and that's why I hold Bitcoin in my portfolio I hole xrp theorem and others I diversify and I'm waiting for the next a big bull cycle and parabolic run-up if you look at this chart here this is the Bitcoin chart and if you're looking at weekly and monthly or daily charts you're gonna get disappointed you gotta zoom out these things don't happen over six months right look at this chart with all the having's and bull cycles and as well as the bear and accumulation phases so 2017 as you can see here

Where we were at and then we went through a bear market than an accumulation phase and I believe since this having which took place in May we are not entering into a new bull market cycle that doesn't mean the price is gonna jump up next month to 20,000 I believe it's gonna happen late next year we're gonna start to see new all-time highs and the trajectory if we base it on the math and they trends from the past bull cycles this could put Bitcoin in a range of 80,000 to a hundred thousand that's my personal opinion based on the calculations and of course the all coins will follow now

We're not only seeing institutional investors getting we're seeing banks we're seeing stock exchanges in different corporates guys Capital One Bank a very well-known Bank patents AI fact-checker to make crypto trading safer what you know what they're trying to do here they're trying to get the patents build out their product or software software in solution and they're gonna offer it up to their banking clients right and this is right here it's like a smoking gun

I mean you seen recently JP Morgan we reported on it on this channel started offering crypto I should say financial services to crypto exchanges Gemini and coinbase they recently put out an report saying bitcoin has longevity as lasting staying potential because it survived that big March market crash right that bloody March where the pandemic and all these things happen and they're now changing your - and this is a big 180 from what Jamie Dimon said years ago that bitcoins of frauds a scam they know this is not a scam they know this is a new asset class they put out a narrative in the you know for the public the average Joe and they do the opposite they've been accumulating they've been trying to get the patents Bank of America has been doing this you guys have seen it

I've covered it on my blog they've been filing for tons of patents they one of you so they're trying to get all these things in place because this asset class is taking off guys let me give you the details here a subsidiary of US Banking Group Capital One said its newly patented artificial intelligence system would save human crypto traders from potential pitfalls

If you know according to some people crypto is a scam and it's it's a fad it's a Ponzi scheme now why is or why are these banks getting involved see you gotta think about it guys look at what they're doing not what they're saying right and they're making the investments into this new system so Capital One services which deals in credit cards and auto loans says its system uses AI technology for analyzing the credibility of cryptocurrency related information humans face barely surmountable obstacles and pressures