00:00:00: Bitcoin to one point three million US dollars by twenty thirty-three and Ethereum focusing for the new upgrade.

00:00:10: that and more in The Crypto Talk this week.

00:00:24: This show is brought you by SwissQuote!

00:00:27: This video isn't a financial advice.

00:00:31: In this weeks episode we will focus mostly on bitcoin, ethereum but also on Solana To get bit of an overview over the meme coin markets.

00:00:40: But first, let's start with this new story right here because The Bitcoin price has corrected down to seventy eight thousand five hundred US dollars.

00:00:50: now a lot of people are saying that is mainly due to the situation in Japan Because japan Has probably sold off some us equities and That kind Of cost this liquidity crunch if you will.

00:01:05: but don't forget there was u.s labor day as well.

00:01:08: So probably a lot of people were just off the markets and didn't look into the market, however this week we have important inflation catalysts And everyone is essentially looking at these numbers.

00:01:23: We're Of course talking about CPI and PPI prints.

00:01:29: that should give us some details About how The Federal Reserve Is Going to Decide on September sixteenth Because currently a lot of people are expecting a rate hike.

00:01:40: Of course, that wouldn't be good for Bitcoin but at the same time we are kind of expecting bit better numbers.

00:01:47: so ideally this will help bitcoin as well.

00:01:50: now A lot of People Are Surprised That Bitcoin Is Holding Up Still Quite Well.

00:01:55: So seventy eight five is The Current Price.

00:01:58: We'll Just Have Look At The Chart In A Couple Of Seconds.

00:02:01: But still The fact that it stands above a seventy eight or seventy five even is actually quite positive, but.

00:02:09: It will need kind of weekly close above eighty thousand.

00:02:12: so we'll see whether it would be enough for the chart.

00:02:16: in the meantime and Matt Hogan CIO with Bitwise is saying one point three million US dollars for one Bitcoin Is A Reality In Twenty Thirty Five.

00:02:25: But That's Not His Only Statement.

00:02:27: He'S Also Saying The Classical Portfolio The Sixty Forty Portfolios is done for, he's saying that it too dependent on the currencies and we will probably see more kind of action with a portfolio.

00:02:41: That actually includes Bitcoin.

00:02:43: so having zero percent on your bitcoin Is Actually A Mistake At Least According To CIO Matt Hogan Who Of Course Is Also Selling ETF.

00:02:53: So He Has to Say That Because His Products Are Generating Revenue.

00:02:58: for a bit wise.

00:02:59: Now if we jump into the chart what has been reached, but since then it's gone down.

00:03:20: So ideally we'll start to slowly grind back up towards US dollars.

00:03:25: that should be enough for us actually go into bullish territory.

00:03:30: if this should fail I would wait for the kind of upper part or this essential lower.

00:03:43: Now, next up we should talk about Ethereum and the Ethereum Foundation because The foundation has defined two must ship EIPs for the Hegota upgrade, which is coming fairly soon.

00:03:55: And essentially it's about sensor resistance and flexible or I call it more account abstraction if you will but they called it Flexible Account Authentication and we're essentially talking to EIP.

00:04:10: so EIP- So EIP seven eight oh five Which also known as Fossil.

00:04:14: i've talked this in the crypto talk essentially again for the account abstraction part because The Ethereum foundation had this vision that they wouldn't actually have any private keys or passwords Or seed phrase and all these complication And they would kind of abstract this complication away from the user so that it becomes a bit more user-friendly Because that is currently one of the biggest problems in crypto.

00:04:43: It's still the user experience, which is essentially lacking.

00:04:47: So we will probably see these two Kind of as a focus for the Ethereum upgrade in the coming months.

00:04:54: And then we will see how much more will actually fit into Hegota, which should come fairly soon.

00:05:00: I'm expecting this by the year end even to be shipped and that should bring us a kind of interesting price action for Ethereum than not A lot.

00:05:10: things have changed on the Etherium side still pretty much On the dot off The line That We Have Defined.

00:05:17: So two thousand four hundred eighty US Dollars.

00:05:19: Still I'm watching this and as soon as these kind of bounces towards the upside, i do expect us to go two three K fairly soon.

00:05:28: If this gets rejected though uh...I would expect is too go a bit lower but not too much because again ice i really like this chart an i think we will see some strength from ethereum fairly soon.

00:05:40: now one thing that all coins won't enjoy ease liquidity being amped away.

00:05:47: We call this vampire attack, and the vampire attack essentially means liquidity is going away or at least attention.

00:05:53: It's going way mainly because Hunter Biden yes before The son of the former US president Joe Biden has announced a meme coin called laptop And he will give it out to his sub-stack subscribers members of the mailing list investors off President Donald Trump's meme coin who have lost money?

00:06:16: tweets have been deleted.

00:06:18: And that could be one of the reasons why the markets are down as well, because the altcoins usually profit a lot from the fact There was a kind of correction slowly and even Solana is slowing down here.

00:06:51: If you compare this to the Ethereum chart, it looks a bit stronger than the Solana chart.

00:06:56: however I still think Solana's up for very strong bounce towards one hundred forty US dollars.

00:07:02: so let say how will behave in coming months!

00:07:07: That was from CryptoTalk this week.

00:07:09: make sure that you subscribe not miss any other crypto news i'll see.

00:07:13: on

00:07:14: Trading and investing carry risks, including capital loss.

00:07:17: CFDs in digital assets are volatile and not suitable for everyone.

00:07:21: SwissQuote assumes no responsibility for accuracy or losses from its use.

00:07:24: Products & services were offered only where legally permitted.