Fidelity

 Fidelity, this is actually huge news that nobody cares about right now because of all the FTX drama as well as all the attention Elon Musk is getting for Twitter and his war with Apple. But Fidelity, one of the biggest traditional finance organizations, is now open for crypto. I think now that FTX is out of the way, there is a gap for them to take the market share. Obviously, Coinbase is still a big player, but a lot of people have their retirement accounts on Fidelity and huge, huge, huge bank accounts on Fidelity as well, where they can diversify into crypto.

The main problem is that sentiment has never been this bad for crypto. That's why I keep saying last week that we are probably at a bottom. We've not gone below $1100 for Ethereum strangely. And to be honest, I've been waiting for $800 or $900 to buy back in, but it just never hit it. It just keeps staying at $1100 or $1150 to $1200. I don't know who is buying it up right now but I'm trying to figure out who it is. This is why is the market going up, other than the fact that it's correlated with the stock market. It also could be that there's nobody else left to dump it. But, there is something coming up that I'll show you that will be a red flag, which we'll get to in a bit.