VirtualBacon

VirtualBacon
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Daily crypto market analysis and Bitcoin insights. VirtualBacon breaks down macro trends, on-chain signals, regulatory shifts, and key price levels so you can navigate bull and bear markets with clarity. New episodes every weekday.

  1. 2 Oct

    Bitcoin Is Breaking Out. Are Altcoins the Better Buy Now?

    Bitcoin is pressing on 87K, the top of this week's daily range, and a break above it should carry us to 90K inside the 87K to 93.5K weekly resistance block. I think 90K is more likely next than a revisit of 78K, the bull market support. So today was mostly about altcoins: I lined up the altcoin to Bitcoin ratio against the last four cycles, and three of the four went well for alts. Even the worst one, 2023, saw the average alt dip about 25% and then rally 173%. I'm still about 85% in Bitcoin, I trade the rest, and when my alts run I sell the extra back into Bitcoin. Also on the show: NEAR and Zcash privacy, AI compute coins, and the AI plays on RobinhoodChain. Which narrative are you positioned in? Chapters: (00:00) Intro: Bitcoin near a breakout, altcoins on the agenda (05:22) Tether-backed private USDT on Bitcoin (06:49) Bitget hack recovery (07:45) Hester Peirce leaves the SEC (08:17) NEAR Intents hacker identified (09:55) Evernorth: XRP treasury company goes public (13:39) Chat questions (15:42) Bitcoin: the 87K breakout level (19:27) Why 90K is more likely than 78K (20:58) Don't sit on the sidelines (22:34) Altcoins vs Bitcoin: the ratio chart (29:38) Worst case, a 2023 repeat: 25% dip, then 173% (32:20) Why altcoins are cheap this cycle (34:34) The 2019 scenario (36:56) The 2020 scenario (40:54) The 2015 scenario (44:22) 80/20 Bitcoin and alts: why the setup holds (49:38) Q&A: is Bitcoin a buy for a 6 to 12 month hold? (50:28) Q&A: resistance levels after 90K (54:44) Q&A: is it alt season yet? (1:00:58) Q&A: who says Bitcoin has bottomed? (1:03:41) Narrative 1: NEAR, Zcash and privacy (1:05:49) Narrative 2: AI compute and proof of work coins (1:12:56) Narrative 3: Robinhood Chain AI plays (1:21:23) Q&A: Phala, Fetch, Render and your alts (1:25:10) Q&A: how many alts to hold (1:29:02) Q&A: Strategy, leverage and leveraged ETFs (1:39:19) Wrap-up

  2. 1 Oct

    How Low Can Bitcoin Go? $76K Is the Worst Case

    My absolute floor for Bitcoin is $76K, and I don't think we even get there. The October options max pain sits at $76,000 and the daily swing low is near $75K, so a daily wick to 76 is possible. But the weekly close should hold above $78K, the 50-week SMA and the bottom of the bull market support band. A wick into the band and a close back above it is what early bull run chop looked like in 2023. I'm positioned for it: about 85% of my portfolio is in Bitcoin and just over 5% in alts, so if we lose 76 my bags nuke. The upside target is still $90K this quarter. Also on the show: Robinhood picked Bitstamp over Lighter for its US perps, and AI agents are the next narrative on RobinhoodChain. Where do you think the floor is? Chapters: (00:00) Today's show: Robinhood Chain, two exploits and Bitcoin's floor (06:15) Strategy bought above today's price (09:31) The MetaMask staking incident (13:13) NEAR Intents: $3.8M lost, patched fast (17:57) Robinhood Summit: US perps via Bitstamp, not Lighter (20:26) Why Lighter dumped (22:30) Robinhood Agents and the trading MCP (27:03) AI agents: the next Robinhood Chain narrative (33:12) Robinhood Social (36:54) Q&A: viewership as a contrarian signal (39:41) Bitcoin's floor: why 76K is the worst case (41:22) October max pain at 76K (43:40) Daily wick to 76K, weekly close above 78K (45:06) The bull market support band, like 2023 (49:39) How I'm positioned: 85% Bitcoin (54:32) Q&A: XRP, HBAR and the ISO 20022 trade (55:49) Q&A: why always-wrong channels are high signal (58:46) Q&A: why not hold alts until 160K? (59:17) Altcoins vs Bitcoin last cycle (1:08:13) Q&A: is Cardano dead? (1:09:27) Q&A: three big pumps this cycle (1:10:57) Q&A: Nvidia or Bitcoin? (1:13:23) Q&A: is Quant a buy here? (1:15:07) Q&A: altcoins down 97% (1:16:57) Q&A: the March 2020 comparison (1:19:25) Q&A: new launchpads on NEAR (1:25:41) Q&A: has XRP bottomed? (1:27:31) Q&A: how I vet low caps (1:32:46) Q&A: can you call the cycle top? (1:35:50) My sell target: 175K

  3. 30 Sept

    Inflation Falls, Bitcoin Rips. Is the Fed Done Hiking?

    The Fed's preferred inflation gauge, core PCE, printed 3.0% this morning against 3.3% last month. But inflation didn't actually cool. The BEA changed how it measures prices for legal services, software, computer accessories and portfolio management, and revised last month's number down to 3.0% as well, so nothing changed month over month. It's still good for markets: the odds of no rate hike in October jumped to 65% on CME FedWatch in a single day, and the 2-year yield is already slowing down. Bitcoin bounced on the news and sits around $84K. My base case for the next three months is $90K, the middle of the range between the 50-week SMA support at $78K and resistance near $95K. If we get to $90K or $91K fast in October, I'm rotating my altcoins back into Bitcoin. Do you think the Fed is done hiking? Chapters: (00:00) What's on the show: Bitcoin targets and the Fed (02:48) The core PCE print: 3.3% revised to 3.0% (08:36) What the BEA took out of the calculation (12:14) The Fed's own inflation projections (14:37) CME FedWatch: odds of no October hike jump to 65% (17:14) How Bitcoin, gold and the S&P reacted (19:13) Why the 2-year yield matters more than the 10-year (22:41) Early bull run, no reason to be bearish (24:58) Bitcoin's big quarter: the 90K target (30:37) A bullish quarter, then a consolidation quarter (34:03) The 50-week SMA floor at 78K (35:14) No two red years in a row: 87.5K and 93.3K (39:36) My base case for the next three months (40:51) Q&A: to the moon in October? (43:10) What happens above 95K (45:18) Where altcoins really are in the cycle (48:37) Altcoins vs the 2023 playbook (53:06) My large-cap altcoin holdings (55:29) Robinhood chain plays (1:01:14) Why I avoid the new launchpads (1:02:33) Proof-of-work mining: the next narrative (1:07:59) Q&A: my World Liberty Financial trade (1:15:45) Q&A: buying mining coins on SafeTrade (1:22:35) Q&A: have I sold my Bitcoin? (1:22:49) Q&A: avoiding the round-trip trap (1:24:53) Where this bull run tops out (1:26:05) Q&A: why rotate into Bitcoin, not stablecoins

  4. 29 Sept

    I'm Buying This Dip in Bitcoin and Altcoins. Ignore the FUD

    Bitcoin is sitting around $84K and I think this dip is a gift, not a warning. We're three weeks into a confirmed bull run, and the bull market support band, the 50-week moving averages, sits at $78K, only about 7% below. That's the lowest the support band should be for the rest of this run, so I treat anything between $84K and $78K as a buying range, and a weekly close below $78K is the level that would change my mind. Also on the show: the SEC saying token buybacks on decentralized protocols don't make a coin a security, 17 banks connecting to Swift's ledger through Chainlink, and the new altcoin launches and mining plays I'm getting into. Are you buying this dip or waiting for lower? Chapters: (00:00) Why this dip is a buying opportunity (03:49) Q&A: where is the dip? (05:50) The Bitcoin dip zones (10:31) The 50-week bull market support band at 78K (14:23) Only 7% above the cheapest price of this bull run (18:27) Q&A: bull traps, 25x longs and 40K calls (22:31) Q&A: altcoins or Bitcoin on this dip (23:21) Bitget outflows and NEAR Intents blocking hacker funds (25:13) The SEC's crypto FAQ: buybacks, burns and liquid staking (35:57) AI: an unreleased OpenAI model and Anthropic's IPO filing (40:25) Coinbase gets a CFTC clearinghouse (41:52) Chainlink CCIP 2.0 (44:42) 17 banks connect to Swift's ledger through Chainlink (48:03) Q&A: which banks, and which altcoins earn revenue (51:50) Q&A: how much Bitcoin before altcoins (53:29) New launches: Ducat, 0G's Infinite AI and the Jumper sale (1:00:07) Q&A: AI and DePIN narratives, and 100x coins (1:04:14) What makes an altcoin legit (1:06:57) My holdings: the ISO 20022 basket, Robinhood memes, NEAR and Zcash (1:09:12) Mining alpha: a new proof-of-work chain (1:18:59) Q&A: black swans and the 10-year yield (1:22:37) Q&A: finding a proper coin, 0G vs Venice (1:25:49) Q&A: the level that would change my mind (1:27:02) Q&A: new NEAR launchpads (1:28:52) Q&A: how I research coins (1:31:12) Wrap-up

  5. 28 Sept

    Quant Up 400%. Which Altcoins Are Next to Rally?

    QNT went from about $800 million to $3.8 billion in market cap in a week, and the only news I could find behind it was The Clearing House partnering with Quant on its on-chain money initiative. So today's stream was about what follows it. Quant has no on-chain ecosystem of its own, so the beta sits next door in the ISO 20022 basket: Stellar runs the hardest with a 0.85 beta, while XDC and XLM have bounced the least off their 12-month lows. The data didn't crown one winner, so I took a basket of five, XRP, HBAR, XLM, IOTA and ALGO, as a one to two week trade. Also on the show: Fed October hike odds at 66% ahead of Wednesday's PCE, the Bitcoin range I'm buying into from here down to about $78K, and why QNT's small supply doesn't matter. Which ISO 20022 coin do you think runs next? Chapters: (00:00) The QNT rally and the hunt for what follows (02:02) Fed October hike odds and PCE on Wednesday (04:14) The 10-year yield (05:42) Bitget reopens withdrawals, THORChain won't freeze (07:19) Hester Peirce leaves the SEC (09:12) California's memecoin ban and the Trump coin trade (15:24) AI: OpenAI and Anthropic pause training (21:37) Q&A: AI video editing (26:29) AI video is already better than real (31:43) QNT up 400% in a week (34:34) The ISO 20022 narrative (35:42) The ISO 20022 basket study: beta and bounce (42:26) My basket: XRP, HBAR, XLM, IOTA, ALGO (47:53) Cardano, Canton and waiting for the rotation (54:39) Q&A: no QNT price prediction (56:57) Q&A: Bitcoin's buy range down to 78K (59:52) Q&A: Stronghold, Velo and SaucerSwap (1:09:55) Q&A: Robinhood ecosystem positions (1:18:14) Q&A: low-cap volatility (1:19:23) Q&A: base coins, DCA and the community (1:23:50) Q&A: why QNT rallied (1:26:44) Q&A: QNT supply and unit bias (1:31:32) Wrap-up

  6. 26 Sept

    It's Time to Lock In On Bitcoin and Crypto

    Bitcoin is about a third below its all-time high, and by my count we're in week 2 of a roughly 132-week bull run, the first 2% of it in time. My base case is a 2x to around $170K, which still adds about $1.76 trillion to Bitcoin's market cap, only 10% less than last cycle added. From this same point last cycle, the top 10 altcoins did about 3x and the rest of the market about 4x, so the easy gains go to whoever is positioned before Bitcoin runs, not six months later. Also on today's stream: the Fed's new GENIUS Act stablecoin proposals, the $351M Bitget hack, and why a 5.2% 10-year yield and a rising MOVE index are the short-term risk I'm watching. Chapters: (00:00) Time to lock in: why we're early (03:22) The Fed's new GENIUS Act stablecoin proposals (06:32) Bitget hacked for $351M (08:38) Hyperliquid Strategies keeps buying HYPE (09:25) The 10-year yield breaks out to 5.2% (13:25) Watch the MOVE index (15:47) Q&A: yields, bonds and the rotation signal (20:13) Bitcoin: week 2 of a 132-week bull run (29:22) The market cap math to $170K (32:06) Altcoin market cap: what 3x looks like (34:43) Blue chips vs small caps (40:43) Narrative trades: NEAR, Zcash and their ecosystems (44:50) How 10x returns happen: the BitTensor example (54:25) Q&A: is Zcash too late? (57:29) How low can Bitcoin go? The $78K support (1:03:10) What news could break $78K (1:04:46) All your altcoin questions in one answer (1:10:39) The OpenAI IPO and Worldcoin (1:14:07) Super chats (1:26:58) Stop using Bitcoin dominance (1:33:21) Can NEAR still do a 3x? (1:39:08) Outro

  7. 24 Sept

    Bitcoin correction: my buy targets for ETH, XRP, SOL, DOGE, HYPE, ZEC, NEAR

    Bitcoin is at about 84,000, right in the middle of the 78K to 90K range it's held since breaking above the 50 week SMA. The 10 year yield just cleared 5% to a 19 year high, and that's the real headwind right now: higher yields pull the dollar up, and a stronger dollar is pressure on gold and on Bitcoin both. Most of this stream is altcoins, and I use one framework for all of them, which is how much a coin moves compared to Bitcoin. Take that multiple, apply it to a 78K Bitcoin target, and you have a cheap level for anything on the list. I do it live for Ethereum at 2,400, Solana at 101, XRP at 1.36, BNB at 723, Doge at 8.5 cents, Hyperliquid at 60, Zcash at 1,350 and Near at 3.88. Also in here: the EU's new quantum deadline, the Trump administration weighing a global dollar stablecoin push, and the CFTC's tokenization framework sitting at the White House for review. Everything outside Bitcoin is a trade for me, not a long term hold. Chapters: (00:00) Today's plan: the Bitcoin dip and altcoin buy targets (03:27) Bitcoin: the 78K to 90K range after the 50 week breakout (05:20) The 10 year yield clears 5% to a 19 year high (06:30) Gold rejected at the 40 week band (08:42) The EU puts a deadline on the quantum threat (11:06) Trump administration weighs a global dollar stablecoin push (14:26) CFTC chair Michael Selig on tokenization and 24-7 markets (17:43) Q: does money rotate from crypto into bonds at 5%? (20:44) Q: what a higher oil price actually does to Bitcoin (23:22) The altcoin framework: volatility multiple against Bitcoin (25:37) Ethereum worked through step by step (33:21) Ethereum buy target: 2,400 (33:29) Solana buy target: 101 (34:23) XRP buy target: 1.36 (35:12) BNB buy target: 723 (36:12) Dogecoin buy target: 8.5 cents (37:18) Hyperliquid buy target: 60, and why I'm iffy on it (42:37) Zcash buy target: 1,350 (44:29) Near buy target: 3.88, and why I hold the ecosystem coins instead (47:31) The full sheet: 69 of the top 100 coins ranked by downside capture (50:36) Folding dip targets into the Coiners dashboard (51:32) Q&A starts (54:03) Does a Forbes article make a coin legit? (57:23) Why I can't answer a blanket thoughts-on-this-coin question (59:32) Why I don't give long term price targets, and what I actually hold (1:01:44) Why the 78K target moves up every week you wait (1:04:41) Decentralized GPU is last cycle, decentralized inference is next (1:10:41) The fear and greed index measures activity, not price (1:15:29) Privacy coins, and what makes Zcash different (1:18:00) Dash, Monero and Algorand against Zcash (1:20:37) Where my ZEC actually sits after the account issue (1:26:19) Wrap

  8. 23 Sept

    Robinhood Crypto Narrative: Which Are The Best Coins?

    Bitcoin is at 83,500 after printing 86,500 yesterday, and half the chat had already moved on to calling for 60K. There is no headline behind a 2% day. The two levels that matter are 90K on the upside and 78K on the downside, where the 50 week SMA and EMA sit together as the bull market support band, and I put it around 85% that we hold above 78K from here. The rest of the stream is the the Robinhood chain. The Robinhood Summit is in seven days and it is invite only, so I had my AI go through all 1,100 or so listed Robinhood ecosystem coins looking for founders who have publicly confirmed they will be in the room. Two came back. I also went through why Aurora and Rhea Finance are still my NEAR and Zcash exposure, and why Render and Fetch​.ai still look S-tier to me while NEAR has already done most of its move. Everything outside Bitcoin is a trade for me, not a spot bag. Chapters: (00:00) Welcome and today's agenda (00:20) Bitcoin at 83,500 and why a 2% day needs no reason (03:52) My X account is back under my control (05:13) The two Bitcoin levels that matter: 90K and 78K (07:55) The 50 week band, and 85% odds we hold 78K (10:50) Q&A: bouncing early, cycle highs, laddering in (15:13) NEAR Protocol and Zcash, the narrative I am already in (16:52) Aurora and Rhea Finance, my two ecosystem holdings (17:39) Why the Robinhood chain is next (18:23) Robinhood Summit, seven days out and invite only (19:20) Lighter and Uniswap, the proven Robinhood partners (20:22) Launchpads and the AI coins on the chain (23:05) Standard, the conservative Olympus style fork (27:01) Ducat, and how these treasury forks actually work (28:47) Searching 1,100 coins for confirmed Summit attendees (29:59) Bucket Shop, the low cap with a confirmed founder (33:39) Nathan Benes, Long​.xyz and Artificial Inu (38:09) One Lambo and the OG behind the meme (41:35) What I actually bought today (42:02) Eric Conner and the Longbow coin (46:14) Site Hood, a prediction market with no token (46:39) Q&A: are these shitcoins, and the three conditions I use (49:05) Why BitTensor is the next area I am watching (51:19) Aurora, DCA, and why everything is a trade (57:35) Moving my coins off FOMO to a cold wallet (59:41) Is a 1,000x still possible, and what is realistic (1:03:55) Sui, Virtual and the coins that just follow Bitcoin (1:06:45) Why Render and Fetch​.ai are still S-tier (1:11:18) NEAR versus Render on upside to the last cycle high (1:14:42) My actual BitTensor targets (1:18:18) The support band is a level, not a target (1:19:36) Wrap up

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About

Daily crypto market analysis and Bitcoin insights. VirtualBacon breaks down macro trends, on-chain signals, regulatory shifts, and key price levels so you can navigate bull and bear markets with clarity. New episodes every weekday.

Information

  • Creator
    VirtualBacon
  • Years Active
    2022 - 2026
  • Episodes
    88
  • Rating
    Explicit
  • Copyright
    © VirtualBacon
  • Show Website
    VirtualBacon

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