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[{"start": "00:00:00", "end": "00:00:03", "text": "One very large entity is specifically"}, {"start": "00:00:03", "end": "00:00:06", "text": "and aggressively selling Bitcoin and"}, {"start": "00:00:06", "end": "00:00:09", "text": "mass and they're only selling Bitcoin."}, {"start": "00:00:09", "end": "00:00:11", "text": "If somebody blew up, there's contagion."}, {"start": "00:00:11", "end": "00:00:12", "text": "There's some piece of information we"}, {"start": "00:00:12", "end": "00:00:14", "text": "don't have that in hindsight will be"}, {"start": "00:00:14", "end": "00:00:15", "text": "able to explain what's going on right"}, {"start": "00:00:15", "end": "00:00:17", "text": "now, but but we don't know at the moment"}, {"start": "00:00:17", "end": "00:00:20", "text": "what comes next for Bitcoin. And it's"}, {"start": "00:00:20", "end": "00:00:22", "text": "important we actually look at the data."}, {"start": "00:00:22", "end": "00:00:24", "text": "Only the sixth time in Bitcoin history"}, {"start": "00:00:24", "end": "00:00:26", "text": "that the Bitcoin price has been this"}, {"start": "00:00:26", "end": "00:00:29", "text": "oversold. Historic major bounces have"}, {"start": "00:00:29", "end": "00:00:32", "text": "occurred between 25 and 35 and we are"}, {"start": "00:00:32", "end": "00:00:36", "text": "currently at 35. My best case scenario,"}, {"start": "00:00:36", "end": "00:00:38", "text": "this is the opium. The bullish scenario"}, {"start": "00:00:38", "end": "00:00:39", "text": "is that we have already bottomed. We"}, {"start": "00:00:39", "end": "00:00:41", "text": "make our way up maybe the 50week moving"}, {"start": "00:00:41", "end": "00:00:44", "text": "average 98 100 and we break above it and"}, {"start": "00:00:44", "end": "00:00:47", "text": "the bull market continues. The true test"}, {"start": "00:00:47", "end": "00:00:49", "text": "for if this was just a flub, if this was"}, {"start": "00:00:49", "end": "00:00:53", "text": "just a random mini black swan event is"}, {"start": "00:00:53", "end": "00:00:55", "text": "if we can break back above. And then of"}, {"start": "00:00:55", "end": "00:00:57", "text": "course the bigger test comes. Can we"}, {"start": "00:00:57", "end": "00:00:59", "text": "break above all-time highs? There's a"}, {"start": "00:00:59", "end": "00:01:02", "text": "lot of resistance now up top and those"}, {"start": "00:01:02", "end": "00:01:03", "text": "will be the two big battles. Yet the"}, {"start": "00:01:03", "end": "00:01:05", "text": "fundamentals haven't changed. That"}, {"start": "00:01:05", "end": "00:01:06", "text": "actually makes me think maybe this is"}, {"start": "00:01:06", "end": "00:01:08", "text": "the bull scenario. Maybe we can break"}, {"start": "00:01:08", "end": "00:01:12", "text": "back above that 50w week moving"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "The long-term trend is up. Regulation is"}, {"start": "00:00:02", "end": "00:00:03", "text": "up. Institutional buying is up. The"}, {"start": "00:00:03", "end": "00:00:05", "text": "debasement trade is on."}, {"start": "00:00:05", "end": "00:00:06", "text": "It's one of the mega trends."}, {"start": "00:00:06", "end": "00:00:08", "text": "That's the most talked about asset right"}, {"start": "00:00:08", "end": "00:00:09", "text": "now."}, {"start": "00:00:09", "end": "00:00:12", "text": "Bombshell information has just come out,"}, {"start": "00:00:12", "end": "00:00:15", "text": "who is buying, who is selling, what are"}, {"start": "00:00:15", "end": "00:00:18", "text": "they buying, what comes next that most"}, {"start": "00:00:18", "end": "00:00:20", "text": "people don't know about, and so much"}, {"start": "00:00:20", "end": "00:00:21", "text": "more."}, {"start": "00:00:21", "end": "00:00:24", "text": "We'll be back up to $250,000 Bitcoin by"}, {"start": "00:00:24", "end": "00:00:26", "text": "the end of 2026. It's hard to believe"}, {"start": "00:00:26", "end": "00:00:29", "text": "that crypto has any future at all"}, {"start": "00:00:29", "end": "00:00:32", "text": "anymore with sentiment so low right now."}, {"start": "00:00:32", "end": "00:00:34", "text": "That's why we're here. Subscribe to"}, {"start": "00:00:34", "end": "00:00:37", "text": "Altcoin Daily. We keep you in tune with"}, {"start": "00:00:37", "end": "00:00:40", "text": "everything going on in crypto on a daily"}, {"start": "00:00:40", "end": "00:00:42", "text": "basis. Please lightly tap the like"}, {"start": "00:00:42", "end": "00:00:45", "text": "button and we'll start here. Slowly but"}, {"start": "00:00:45", "end": "00:00:47", "text": "surely, we have been finding out who is"}, {"start": "00:00:47", "end": "00:00:51", "text": "actually selling Bitcoin on this dip."}, {"start": "00:00:51", "end": "00:00:54", "text": "It's amazing to see such a big advocate"}, {"start": "00:00:54", "end": "00:00:56", "text": "for Bitcoin for such a long time has now"}, {"start": "00:00:56", "end": "00:00:59", "text": "sold out his position. Robert Kiasaki"}, {"start": "00:00:59", "end": "00:01:03", "text": "sold quote, \"I sold 2.25 million in"}, {"start": "00:01:03", "end": "00:01:06", "text": "Bitcoin at approximately 90,000"}, {"start": "00:01:06", "end": "00:01:08", "text": "purchased for 6,000 a coin years ago."}, {"start": "00:01:08", "end": "00:01:10", "text": "With the cash from Bitcoin, I'm"}, {"start": "00:01:10", "end": "00:01:13", "text": "purchasing two surgery centers and"}, {"start": "00:01:13", "end": "00:01:15", "text": "investing in a billboard business.\" So,"}, {"start": "00:01:15", "end": "00:01:17", "text": "this Bitcoin went from one legendary"}, {"start": "00:01:17", "end": "00:01:20", "text": "investor to another. Grant Cardone"}, {"start": "00:01:20", "end": "00:01:22", "text": "coming out as a big Bitcoin bull this"}, {"start": "00:01:22", "end": "00:01:24", "text": "year as we know. He writes, \"Sounds like"}, {"start": "00:01:24", "end": "00:01:26", "text": "poor dad to me.\" Now, this is something"}, {"start": "00:01:26", "end": "00:01:28", "text": "that we kept you informed on weeks ago"}, {"start": "00:01:28", "end": "00:01:30", "text": "when we brought Grant Cardone on the"}, {"start": "00:01:30", "end": "00:01:33", "text": "channel to find out why exactly he's"}, {"start": "00:01:33", "end": "00:01:35", "text": "going so hard getting into Bitcoin in"}, {"start": "00:01:35", "end": "00:01:36", "text": "2025."}, {"start": "00:01:36", "end": "00:01:37", "text": "You want to give me a billion dollars in"}, {"start": "00:01:37", "end": "00:01:39", "text": "Bitcoin right now? I have five seconds"}, {"start": "00:01:39", "end": "00:01:41", "text": "to make a decision. A billion dollars of"}, {"start": "00:01:41", "end": "00:01:42", "text": "real Bitcoin or a billion dollars of"}, {"start": "00:01:42", "end": "00:01:44", "text": "real estate? I'll take the Bitcoin right"}, {"start": "00:01:44", "end": "00:01:46", "text": "now. Why? I don't have to do a title. I"}, {"start": "00:01:46", "end": "00:01:48", "text": "don't have to do an appraisal. I don't"}, {"start": "00:01:48", "end": "00:01:50", "text": "have to do a survey. I don't have to go"}, {"start": "00:01:50", "end": "00:01:51", "text": "through the banks. I don't have to get a"}, {"start": "00:01:51", "end": "00:01:54", "text": "loan. It doesn't come with termites,"}, {"start": "00:01:54", "end": "00:01:56", "text": "tenants, evictions,"}, {"start": "00:01:56", "end": "00:01:59", "text": "the government, taxes, Yeah, I"}, {"start": "00:01:59", "end": "00:02:00", "text": "take the Bitcoin in a heartbeat. And"}, {"start": "00:02:00", "end": "00:02:02", "text": "that's the billionaire mindset. That's"}, {"start": "00:02:02", "end": "00:02:05", "text": "the billionaire mindset. So, check out"}, {"start": "00:02:05", "end": "00:02:06", "text": "this interview if you haven't got a"}, {"start": "00:02:06", "end": "00:02:08", "text": "chance to yet. And of course, the news"}, {"start": "00:02:08", "end": "00:02:10", "text": "to go along with all this, the bombshell"}, {"start": "00:02:10", "end": "00:02:13", "text": "news is that multi-millionaires and"}, {"start": "00:02:13", "end": "00:02:15", "text": "billionaires are buying more Bitcoin."}, {"start": "00:02:15", "end": "00:02:18", "text": "Tiger 21 founder reveals the ultra"}, {"start": "00:02:18", "end": "00:02:21", "text": "wealthy are doubling their crypto"}, {"start": "00:02:21", "end": "00:02:23", "text": "exposure. Tiger 21 for those who don't"}, {"start": "00:02:23", "end": "00:02:25", "text": "know it's a giant club with the ultra"}, {"start": "00:02:25", "end": "00:02:27", "text": "wealthy. This is people who aren't just"}, {"start": "00:02:27", "end": "00:02:29", "text": "wealthy for a year or two. This is 20"}, {"start": "00:02:29", "end": "00:02:31", "text": "year plus wealth. They all have a big"}, {"start": "00:02:31", "end": "00:02:33", "text": "club and the founder just revealed that"}, {"start": "00:02:33", "end": "00:02:36", "text": "Bitcoin and crypto is the most talked"}, {"start": "00:02:36", "end": "00:02:37", "text": "about asset right now. They're doubling"}, {"start": "00:02:37", "end": "00:02:38", "text": "down. Listen,"}, {"start": "00:02:38", "end": "00:02:40", "text": "as I say, crypto coming up a little."}, {"start": "00:02:40", "end": "00:02:42", "text": "That's that's the one that even though"}, {"start": "00:02:42", "end": "00:02:44", "text": "it's only 2%, that's the most talked"}, {"start": "00:02:44", "end": "00:02:46", "text": "about asset right now."}, {"start": "00:02:46", "end": "00:02:48", "text": "Tiger 21 is a private invite only"}, {"start": "00:02:48", "end": "00:02:50", "text": "networking group for ultra high netw"}, {"start": "00:02:50", "end": "00:02:51", "text": "worth individuals. And it releases"}, {"start": "00:02:51", "end": "00:02:53", "text": "quarterly reports on where its members"}, {"start": "00:02:53", "end": "00:02:55", "text": "are holding their assets. According to"}, {"start": "00:02:55", "end": "00:02:57", "text": "the third quarter data, members are"}, {"start": "00:02:57", "end": "00:02:59", "text": "putting their cash to work, favoring"}, {"start": "00:02:59", "end": "00:03:01", "text": "private equity, and they're also"}, {"start": "00:03:01", "end": "00:03:02", "text": "increasing their crypto holdings. Here"}, {"start": "00:03:02", "end": "00:03:04", "text": "to talk more about the report, Michael"}, {"start": "00:03:04", "end": "00:03:06", "text": "Sonninfeld, Tiger 21 founder and"}, {"start": "00:03:06", "end": "00:03:09", "text": "chairman. First of all, um, we have a"}, {"start": "00:03:09", "end": "00:03:12", "text": "risk on portfolio across our,700"}, {"start": "00:03:12", "end": "00:03:15", "text": "members, 250 billion. One of the things"}, {"start": "00:03:15", "end": "00:03:18", "text": "that's going on as crypto has recently"}, {"start": "00:03:18", "end": "00:03:20", "text": "doubled over the last year from about 1"}, {"start": "00:03:20", "end": "00:03:23", "text": "to 2%. That may not seem like a lot, but"}, {"start": "00:03:23", "end": "00:03:25", "text": "when you're talking about 250 billion,"}, {"start": "00:03:25", "end": "00:03:28", "text": "that's$5 billion of crypto. And in every"}, {"start": "00:03:28", "end": "00:03:31", "text": "meeting, people are talking about, is"}, {"start": "00:03:31", "end": "00:03:34", "text": "this a new security asset? Will this be"}, {"start": "00:03:34", "end": "00:03:37", "text": "a place, a safe haven like gold? And so"}, {"start": "00:03:37", "end": "00:03:38", "text": "in our meetings across the globe, people"}, {"start": "00:03:38", "end": "00:03:41", "text": "are really comparing notes on it's not"}, {"start": "00:03:41", "end": "00:03:43", "text": "so much crypto, it's mostly Bitcoin, but"}, {"start": "00:03:43", "end": "00:03:45", "text": "not exclusively. Obviously, we have some"}, {"start": "00:03:45", "end": "00:03:48", "text": "of the great uh crypto traders and they"}, {"start": "00:03:48", "end": "00:03:50", "text": "go into all the other varieties of"}, {"start": "00:03:50", "end": "00:03:53", "text": "digital currency, but Bitcoin is is the"}, {"start": "00:03:53", "end": "00:03:55", "text": "big kahuna. Crypto coming up a little."}, {"start": "00:03:55", "end": "00:03:57", "text": "That's that's the one that even though"}, {"start": "00:03:57", "end": "00:03:59", "text": "it's only 2%, that's the most talked"}, {"start": "00:03:59", "end": "00:04:02", "text": "about asset right now. The sellers are"}, {"start": "00:04:02", "end": "00:04:04", "text": "getting exhausted for sure as we're"}, {"start": "00:04:04", "end": "00:04:06", "text": "seeing a nice little relief rally today."}, {"start": "00:04:06", "end": "00:04:09", "text": "Who else bought Bitcoin in the low 80K"}, {"start": "00:04:09", "end": "00:04:11", "text": "range. Remember guys, for every seller,"}, {"start": "00:04:11", "end": "00:04:13", "text": "there's a buyer. And like we show you on"}, {"start": "00:04:13", "end": "00:04:16", "text": "a daily basis, there is a new class of"}, {"start": "00:04:16", "end": "00:04:18", "text": "buyer for Bitcoin compared to at any"}, {"start": "00:04:18", "end": "00:04:21", "text": "other cycle in Bitcoin history. Bitwise"}, {"start": "00:04:21", "end": "00:04:24", "text": "CIO Matt Hogan says long-term buyers"}, {"start": "00:04:24", "end": "00:04:27", "text": "like Harvard, Abu Dhabi, and major"}, {"start": "00:04:27", "end": "00:04:29", "text": "institutions are already accumulating at"}, {"start": "00:04:29", "end": "00:04:31", "text": "these levels. I think it's a sort of a"}, {"start": "00:04:31", "end": "00:04:33", "text": "tale of two markets right now. You have"}, {"start": "00:04:33", "end": "00:04:34", "text": "short-term investors looking at the"}, {"start": "00:04:34", "end": "00:04:37", "text": "market and seeing a lot of risk, the DAT"}, {"start": "00:04:37", "end": "00:04:39", "text": "trade unwinding, global riskoff"}, {"start": "00:04:39", "end": "00:04:41", "text": "sentiment, some fallout from the October"}, {"start": "00:04:41", "end": "00:04:43", "text": "10th volatility event in crypto, but"}, {"start": "00:04:43", "end": "00:04:45", "text": "you're starting to see long-term"}, {"start": "00:04:45", "end": "00:04:47", "text": "investors nibble at the asset at these"}, {"start": "00:04:47", "end": "00:04:49", "text": "prices. I think it really comes down to"}, {"start": "00:04:49", "end": "00:04:51", "text": "your time frame. Could this go a little"}, {"start": "00:04:51", "end": "00:04:53", "text": "bit lower? Could it go down to 70K?"}, {"start": "00:04:53", "end": "00:04:55", "text": "That's of course possible. But long-term"}, {"start": "00:04:55", "end": "00:04:57", "text": "investors like the Harvard endowment,"}, {"start": "00:04:57", "end": "00:04:59", "text": "the Abu Dhabi sovereign wealth fund are"}, {"start": "00:04:59", "end": "00:05:01", "text": "looking at this thing and saying the"}, {"start": "00:05:01", "end": "00:05:03", "text": "long-term trend is up, regulation is up,"}, {"start": "00:05:03", "end": "00:05:04", "text": "institutional buying is up, the"}, {"start": "00:05:04", "end": "00:05:07", "text": "debasement trade is on. It really just"}, {"start": "00:05:07", "end": "00:05:08", "text": "comes down to your time frame."}, {"start": "00:05:08", "end": "00:05:11", "text": "Obviously, however, nobody knows until"}, {"start": "00:05:11", "end": "00:05:13", "text": "we look back where the exact bottom will"}, {"start": "00:05:13", "end": "00:05:17", "text": "be. Is the bottom in at about 79K or"}, {"start": "00:05:17", "end": "00:05:19", "text": "could we fall farther? We always keep"}, {"start": "00:05:19", "end": "00:05:22", "text": "things 100% with you on Altcoin Daily."}, {"start": "00:05:22", "end": "00:05:24", "text": "And as we've been saying for a while,"}, {"start": "00:05:24", "end": "00:05:27", "text": "there is so much support from last"}, {"start": "00:05:27", "end": "00:05:31", "text": "cycles all-time highs at 7075K."}, {"start": "00:05:31", "end": "00:05:35", "text": "So, could Bitcoin touch 75K 70K? That's"}, {"start": "00:05:35", "end": "00:05:37", "text": "possible for sure. But over the long"}, {"start": "00:05:37", "end": "00:05:39", "text": "term, this asset's going in one"}, {"start": "00:05:39", "end": "00:05:41", "text": "direction. But let's continue listening"}, {"start": "00:05:41", "end": "00:05:43", "text": "to Matt Hogan. He really helps explain"}, {"start": "00:05:43", "end": "00:05:46", "text": "this. We had this huge move up following"}, {"start": "00:05:46", "end": "00:05:47", "text": "the election of Trump, right? And the"}, {"start": "00:05:47", "end": "00:05:50", "text": "idea is maybe we retraced all the way"}, {"start": "00:05:50", "end": "00:05:51", "text": "back to those prices. When I talk to"}, {"start": "00:05:51", "end": "00:05:53", "text": "people in the field, a lot of people are"}, {"start": "00:05:53", "end": "00:05:55", "text": "looking at this particular level around"}, {"start": "00:05:55", "end": "00:05:57", "text": "84,000 as a potential bottom. That was"}, {"start": "00:05:57", "end": "00:06:00", "text": "where we retraced to in March, what was"}, {"start": "00:06:00", "end": "00:06:02", "text": "the last pullback in crypto. Some people"}, {"start": "00:06:02", "end": "00:06:04", "text": "are going all the way back to the Trump"}, {"start": "00:06:04", "end": "00:06:06", "text": "era election and saying maybe we need to"}, {"start": "00:06:06", "end": "00:06:09", "text": "retread that ground before we base and"}, {"start": "00:06:09", "end": "00:06:11", "text": "go up. Anytime you have a big bull"}, {"start": "00:06:11", "end": "00:06:13", "text": "market move in crypto, and we did from"}, {"start": "00:06:13", "end": "00:06:16", "text": "70 to 125K, you get a lot of new"}, {"start": "00:06:16", "end": "00:06:19", "text": "investors into the market. Some of those"}, {"start": "00:06:19", "end": "00:06:20", "text": "are diamond hands and they're here"}, {"start": "00:06:20", "end": "00:06:23", "text": "forever. Some of them get shaken out"}, {"start": "00:06:23", "end": "00:06:25", "text": "when the first volatility occurs. We're"}, {"start": "00:06:25", "end": "00:06:27", "text": "seeing that shake out, but again, I"}, {"start": "00:06:27", "end": "00:06:29", "text": "think we're closer to the bottom than we"}, {"start": "00:06:29", "end": "00:06:31", "text": "are to the beginning of this pullback. I"}, {"start": "00:06:31", "end": "00:06:32", "text": "think it's a great entry point for"}, {"start": "00:06:32", "end": "00:06:34", "text": "long-term investors looking out into"}, {"start": "00:06:34", "end": "00:06:35", "text": "2026 and beyond."}, {"start": "00:06:35", "end": "00:06:37", "text": "A lot of Bitcoin is getting bought on"}, {"start": "00:06:37", "end": "00:06:40", "text": "this dip. A lot of quality altcoins like"}, {"start": "00:06:40", "end": "00:06:43", "text": "Ethereum, but also like Salana. You know"}, {"start": "00:06:43", "end": "00:06:46", "text": "that the Salana ETF that just recently"}, {"start": "00:06:46", "end": "00:06:48", "text": "got launched this year is the most"}, {"start": "00:06:48", "end": "00:06:51", "text": "successful ETF of the year with it"}, {"start": "00:06:51", "end": "00:06:54", "text": "seeing 18 straight days of positive"}, {"start": "00:06:54", "end": "00:06:56", "text": "inflows. And there's really no secret"}, {"start": "00:06:56", "end": "00:06:59", "text": "why. BNY Melon CEO says tokenization is"}, {"start": "00:06:59", "end": "00:07:02", "text": "a mega trend. BNY Melon is one of the"}, {"start": "00:07:02", "end": "00:07:05", "text": "largest banks and financial institutions"}, {"start": "00:07:05", "end": "00:07:07", "text": "in the world. So when he says something"}, {"start": "00:07:07", "end": "00:07:10", "text": "like this, even the CNBC analyst looks"}, {"start": "00:07:10", "end": "00:07:13", "text": "at him incredibly skeptically just how"}, {"start": "00:07:13", "end": "00:07:16", "text": "bullish he is on cryptocurrency. Listen"}, {"start": "00:07:16", "end": "00:07:16", "text": "for yourself."}, {"start": "00:07:16", "end": "00:07:19", "text": "Can you go into digital assets and sort"}, {"start": "00:07:19", "end": "00:07:21", "text": "of this trend toward tokenization and"}, {"start": "00:07:21", "end": "00:07:23", "text": "how that plays into the business model a"}, {"start": "00:07:23", "end": "00:07:23", "text": "bit?"}, {"start": "00:07:23", "end": "00:07:24", "text": "Yeah, sure, Carl. It's a really"}, {"start": "00:07:24", "end": "00:07:26", "text": "important trend. It's one of the mega"}, {"start": "00:07:26", "end": "00:07:28", "text": "trends. We identified a series of mega"}, {"start": "00:07:28", "end": "00:07:30", "text": "trends about a year ago and we said we"}, {"start": "00:07:30", "end": "00:07:33", "text": "want to position our business, invest in"}, {"start": "00:07:33", "end": "00:07:35", "text": "those capabilities that will allow us to"}, {"start": "00:07:35", "end": "00:07:37", "text": "benefit from those mega trends because"}, {"start": "00:07:37", "end": "00:07:39", "text": "while we want to drive and are driving"}, {"start": "00:07:39", "end": "00:07:41", "text": "organic growth, we also want to make"}, {"start": "00:07:41", "end": "00:07:43", "text": "sure that we're attaching ourselves to"}, {"start": "00:07:43", "end": "00:07:46", "text": "these big market cycles and digital"}, {"start": "00:07:46", "end": "00:07:48", "text": "assets is one of them. Now that's not"}, {"start": "00:07:48", "end": "00:07:50", "text": "just stable coins, it's also"}, {"start": "00:07:50", "end": "00:07:52", "text": "tokenization and it really is across the"}, {"start": "00:07:52", "end": "00:07:54", "text": "ecosystem. So, we've been investing"}, {"start": "00:07:54", "end": "00:07:57", "text": "around the ecosystem for using our"}, {"start": "00:07:57", "end": "00:07:59", "text": "traditional assets and then evolving our"}, {"start": "00:07:59", "end": "00:08:01", "text": "traditional business assets to be able"}, {"start": "00:08:01", "end": "00:08:03", "text": "to be onchain as well because the"}, {"start": "00:08:03", "end": "00:08:05", "text": "fundamentals that we've gone over so"}, {"start": "00:08:05", "end": "00:08:09", "text": "often over the last 6 n months are still"}, {"start": "00:08:09", "end": "00:08:12", "text": "very much fundamental bullish catalysts"}, {"start": "00:08:12", "end": "00:08:14", "text": "tailwinds today. But also looking"}, {"start": "00:08:14", "end": "00:08:17", "text": "forward, looking ahead, there's a lot"}, {"start": "00:08:17", "end": "00:08:18", "text": "even more reasons to be bullish"}, {"start": "00:08:18", "end": "00:08:21", "text": "including regulation wise. For instance,"}, {"start": "00:08:21", "end": "00:08:23", "text": "breaking news. Representative Warren"}, {"start": "00:08:23", "end": "00:08:26", "text": "Davidson just introduced the Bitcoin for"}, {"start": "00:08:26", "end": "00:08:29", "text": "America Act to Congress. This will"}, {"start": "00:08:29", "end": "00:08:31", "text": "codify the Strategic Bitcoin Reserve"}, {"start": "00:08:31", "end": "00:08:34", "text": "Executive Order and improve USA custody."}, {"start": "00:08:34", "end": "00:08:36", "text": "Two, allow taxes to be paid in Bitcoin"}, {"start": "00:08:36", "end": "00:08:39", "text": "with no capital gains tax. Three, all"}, {"start": "00:08:39", "end": "00:08:42", "text": "Bitcoin paid will be held for 20 years"}, {"start": "00:08:42", "end": "00:08:44", "text": "minimum. So understand this is something"}, {"start": "00:08:44", "end": "00:08:46", "text": "else that hardly anybody knows about,"}, {"start": "00:08:46", "end": "00:08:48", "text": "hardly anybody talks about that is"}, {"start": "00:08:48", "end": "00:08:50", "text": "getting pushed through to Congress for"}, {"start": "00:08:50", "end": "00:08:52", "text": "the future. We know the market structure"}, {"start": "00:08:52", "end": "00:08:54", "text": "bill clarity act will be the first thing"}, {"start": "00:08:54", "end": "00:08:56", "text": "that happens. Extremely bullish. But"}, {"start": "00:08:56", "end": "00:08:57", "text": "then after that, this is what they're"}, {"start": "00:08:57", "end": "00:08:58", "text": "focusing on."}, {"start": "00:08:58", "end": "00:09:00", "text": "Yeah. Today I'm announcing that we're"}, {"start": "00:09:00", "end": "00:09:02", "text": "introducing the Bitcoin for America act."}, {"start": "00:09:02", "end": "00:09:04", "text": "And this deals with codifying the"}, {"start": "00:09:04", "end": "00:09:06", "text": "strategic Bitcoin reserve executive"}, {"start": "00:09:06", "end": "00:09:09", "text": "order and frankly eliminating capital"}, {"start": "00:09:09", "end": "00:09:11", "text": "gains tax if you want to pay your taxes"}, {"start": "00:09:11", "end": "00:09:13", "text": "with Bitcoin. Now, a lot of hold on for"}, {"start": "00:09:13", "end": "00:09:14", "text": "dear lifers are going to go, \"Why would"}, {"start": "00:09:14", "end": "00:09:16", "text": "I part with my Bitcoin?\" I understand"}, {"start": "00:09:16", "end": "00:09:18", "text": "the concern. You don't have to, but you"}, {"start": "00:09:18", "end": "00:09:21", "text": "can. And this would be um in line with"}, {"start": "00:09:21", "end": "00:09:23", "text": "what the administration's already said"}, {"start": "00:09:23", "end": "00:09:24", "text": "they want to build as a strategic"}, {"start": "00:09:24", "end": "00:09:26", "text": "Bitcoin reserve. You could do this in a"}, {"start": "00:09:26", "end": "00:09:29", "text": "deficit neutral way where people uh who"}, {"start": "00:09:29", "end": "00:09:31", "text": "already have Bitcoin could pay taxes"}, {"start": "00:09:31", "end": "00:09:33", "text": "with their Bitcoin. Um and frankly,"}, {"start": "00:09:33", "end": "00:09:35", "text": "people could say, \"You know what? I just"}, {"start": "00:09:35", "end": "00:09:37", "text": "want to pay my taxes in Bitcoin.\" So you"}, {"start": "00:09:37", "end": "00:09:40", "text": "could convert US dollars to Bitcoin and"}, {"start": "00:09:40", "end": "00:09:42", "text": "send your tax payments into the Treasury"}, {"start": "00:09:42", "end": "00:09:43", "text": "and then they'll your tax payments would"}, {"start": "00:09:43", "end": "00:09:45", "text": "go into the Treasury. If you're"}, {"start": "00:09:45", "end": "00:09:47", "text": "concerned about say, well, I don't want"}, {"start": "00:09:47", "end": "00:09:49", "text": "my money going to foreign aid. Well, put"}, {"start": "00:09:49", "end": "00:09:51", "text": "it in the strategic Bitcoin reserve. It"}, {"start": "00:09:51", "end": "00:09:53", "text": "won't be spent at all. Uh, I don't want"}, {"start": "00:09:53", "end": "00:09:56", "text": "my money going to XYZ, just pay in"}, {"start": "00:09:56", "end": "00:09:58", "text": "Bitcoin. It'll stay in the Treasury."}, {"start": "00:09:58", "end": "00:10:00", "text": "Wow. This is this is fascinating. And"}, {"start": "00:10:00", "end": "00:10:01", "text": "would this be available both for"}, {"start": "00:10:01", "end": "00:10:03", "text": "individuals and also corporate"}, {"start": "00:10:03", "end": "00:10:04", "text": "taxpayers?"}, {"start": "00:10:04", "end": "00:10:06", "text": "That's the goal. Again guys, this is a"}, {"start": "00:10:06", "end": "00:10:08", "text": "dip worth buying. There's plenty of"}, {"start": "00:10:08", "end": "00:10:11", "text": "future in crypto. And if you really want"}, {"start": "00:10:11", "end": "00:10:14", "text": "to understand why cryptocurrency is the"}, {"start": "00:10:14", "end": "00:10:15", "text": "future, make sure you subscribe. Make"}, {"start": "00:10:15", "end": "00:10:17", "text": "sure you watch any of our videos going"}, {"start": "00:10:17", "end": "00:10:18", "text": "forward and certainly any of our videos"}, {"start": "00:10:18", "end": "00:10:20", "text": "from the past 6 months. If you're a"}, {"start": "00:10:20", "end": "00:10:23", "text": "crypto trader, if you've been shorting,"}, {"start": "00:10:23", "end": "00:10:24", "text": "you've been winning, you can trade"}, {"start": "00:10:24", "end": "00:10:26", "text": "crypto and make more money. I have a"}, {"start": "00:10:26", "end": "00:10:28", "text": "huddle position. I have a trading"}, {"start": "00:10:28", "end": "00:10:30", "text": "position. And right now, this is a"}, {"start": "00:10:30", "end": "00:10:33", "text": "really good deal. 50% deposit bonus on"}, {"start": "00:10:33", "end": "00:10:37", "text": "anything above $100. 50% deposit bonus"}, {"start": "00:10:37", "end": "00:10:40", "text": "plus an additional 30,000 additional"}, {"start": "00:10:40", "end": "00:10:43", "text": "rewards. Create an account on crypto"}, {"start": "00:10:43", "end": "00:10:45", "text": "exchange WEX. They're one of the best"}, {"start": "00:10:45", "end": "00:10:48", "text": "cryptocurrency exchanges of 2025. This"}, {"start": "00:10:48", "end": "00:10:49", "text": "is a good deal. If you're a"}, {"start": "00:10:49", "end": "00:10:51", "text": "cryptocurrency trader, take advantage of"}, {"start": "00:10:51", "end": "00:10:54", "text": "this. Now, originally Charles Hoskinson"}, {"start": "00:10:54", "end": "00:10:58", "text": "was predicting a 200K 250K Bitcoin by"}, {"start": "00:10:58", "end": "00:11:01", "text": "the end of 2025. He has just updated his"}, {"start": "00:11:01", "end": "00:11:05", "text": "perspective for end of 2026. And he says"}, {"start": "00:11:05", "end": "00:11:06", "text": "kind of what I've been saying in this"}, {"start": "00:11:06", "end": "00:11:09", "text": "video that the fundamentals of the past"}, {"start": "00:11:09", "end": "00:11:11", "text": "year are the same plus so much more in"}, {"start": "00:11:11", "end": "00:11:13", "text": "the future. Yes, there's uncertainty"}, {"start": "00:11:13", "end": "00:11:15", "text": "right now. There's a dip worth buying."}, {"start": "00:11:15", "end": "00:11:16", "text": "But there's really no reason to think"}, {"start": "00:11:16", "end": "00:11:20", "text": "that Bitcoin, Ethereum, Salana, Cardano,"}, {"start": "00:11:20", "end": "00:11:22", "text": "quality cryptocurrency assets won't"}, {"start": "00:11:22", "end": "00:11:25", "text": "trend up. Listen to him say it. Listen"}, {"start": "00:11:25", "end": "00:11:26", "text": "to the push back and listen to the"}, {"start": "00:11:26", "end": "00:11:29", "text": "response. Oh well, the markets go up and"}, {"start": "00:11:29", "end": "00:11:30", "text": "down and crypto is not immune to the"}, {"start": "00:11:30", "end": "00:11:32", "text": "macro. We're still dealing with issues"}, {"start": "00:11:32", "end": "00:11:34", "text": "from the tariffs. We're still dealing"}, {"start": "00:11:34", "end": "00:11:35", "text": "with a great degree of economic"}, {"start": "00:11:35", "end": "00:11:39", "text": "uncertainty. Uh so the just this year"}, {"start": "00:11:39", "end": "00:11:41", "text": "was a little lackluster, but overall I'm"}, {"start": "00:11:41", "end": "00:11:43", "text": "still very optimistic in the next 12"}, {"start": "00:11:43", "end": "00:11:44", "text": "months. I think we'll clear most of this"}, {"start": "00:11:44", "end": "00:11:47", "text": "downside the next two quarters and uh"}, {"start": "00:11:47", "end": "00:11:50", "text": "we'll be back up to $250,000 Bitcoin by"}, {"start": "00:11:50", "end": "00:11:51", "text": "the end of 2026."}, {"start": "00:11:51", "end": "00:11:53", "text": "Okay. So two quarters you think it's"}, {"start": "00:11:53", "end": "00:11:55", "text": "going to take. But the reality if you"}, {"start": "00:11:55", "end": "00:11:57", "text": "look at some of the technicals here the"}, {"start": "00:11:57", "end": "00:11:59", "text": "uh many watchers are saying look if you"}, {"start": "00:11:59", "end": "00:12:01", "text": "look at the the time that has taken"}, {"start": "00:12:01", "end": "00:12:02", "text": "since the last h havinging event of"}, {"start": "00:12:02", "end": "00:12:05", "text": "bitcoin that occurred uh April 2024 this"}, {"start": "00:12:05", "end": "00:12:08", "text": "is typically what you see 400 to 600"}, {"start": "00:12:08", "end": "00:12:10", "text": "days after so more of a technical factor"}, {"start": "00:12:10", "end": "00:12:13", "text": "here but I would say this time is a"}, {"start": "00:12:13", "end": "00:12:14", "text": "little bit different in the sense that"}, {"start": "00:12:14", "end": "00:12:16", "text": "we've had a whole bunch of ETFs that"}, {"start": "00:12:16", "end": "00:12:18", "text": "have been launched institutionals come"}, {"start": "00:12:18", "end": "00:12:19", "text": "into the space we've got an"}, {"start": "00:12:19", "end": "00:12:21", "text": "administration in the United States that"}, {"start": "00:12:21", "end": "00:12:23", "text": "is crypto friendly does that make a"}, {"start": "00:12:23", "end": "00:12:25", "text": "difference to any downscale that we"}, {"start": "00:12:25", "end": "00:12:27", "text": "could see here that typically could last"}, {"start": "00:12:27", "end": "00:12:29", "text": "a lot longer if it were not those"}, {"start": "00:12:29", "end": "00:12:31", "text": "factors in the backdrop."}, {"start": "00:12:31", "end": "00:12:33", "text": "Well, I mean, it's a very different kind"}, {"start": "00:12:33", "end": "00:12:35", "text": "of bull market than the last three times"}, {"start": "00:12:35", "end": "00:12:37", "text": "that we had the four-year cycle. I mean,"}, {"start": "00:12:37", "end": "00:12:39", "text": "the last three times it was retailled,"}, {"start": "00:12:39", "end": "00:12:42", "text": "most notably in 2021 where everything"}, {"start": "00:12:42", "end": "00:12:44", "text": "reached an all-time high. But this time"}, {"start": "00:12:44", "end": "00:12:46", "text": "around you have Black Rockck and Goldman"}, {"start": "00:12:46", "end": "00:12:48", "text": "Sachs and Morgan Stanley and the US"}, {"start": "00:12:48", "end": "00:12:51", "text": "government all others uh coming in and"}, {"start": "00:12:51", "end": "00:12:53", "text": "really there's a big transition where a"}, {"start": "00:12:53", "end": "00:12:54", "text": "lot of assets that are entering the"}, {"start": "00:12:54", "end": "00:12:56", "text": "crypto space are real world assets. I"}, {"start": "00:12:56", "end": "00:12:57", "text": "mean, if you take a look at the growth"}, {"start": "00:12:57", "end": "00:12:59", "text": "of verticals like stable coins, for"}, {"start": "00:12:59", "end": "00:13:02", "text": "example, we're over 250 billion issued,"}, {"start": "00:13:02", "end": "00:13:03", "text": "and it's going to be over a trillion"}, {"start": "00:13:03", "end": "00:13:05", "text": "dollars by 2030, and it's kind of a soft"}, {"start": "00:13:05", "end": "00:13:07", "text": "dollarization of the developing world."}, {"start": "00:13:07", "end": "00:13:09", "text": "And there's a lot of estimates that by"}, {"start": "00:13:09", "end": "00:13:11", "text": "2030 to 2035, there's going to be about"}, {"start": "00:13:11", "end": "00:13:13", "text": "10 trillion dollars worth of equities"}, {"start": "00:13:13", "end": "00:13:16", "text": "and other assets, traditional assets in"}, {"start": "00:13:16", "end": "00:13:18", "text": "the cryptocurrency space. So when you"}, {"start": "00:13:18", "end": "00:13:20", "text": "have large institutions, nation states"}, {"start": "00:13:20", "end": "00:13:22", "text": "like the United States, and a huge"}, {"start": "00:13:22", "end": "00:13:24", "text": "growth of the user base from about 550"}, {"start": "00:13:24", "end": "00:13:26", "text": "million to a billion, the fundamentals"}, {"start": "00:13:26", "end": "00:13:28", "text": "are are just sound. There's no way for"}, {"start": "00:13:28", "end": "00:13:30", "text": "these markets to stay depressed forever."}, {"start": "00:13:30", "end": "00:13:32", "text": "They're just uh reflecting the current"}, {"start": "00:13:32", "end": "00:13:34", "text": "macro environment. So subscribe to our"}, {"start": "00:13:34", "end": "00:13:36", "text": "channel, like the video if you got value"}, {"start": "00:13:36", "end": "00:13:37", "text": "today, and make sure you subscribe"}, {"start": "00:13:37", "end": "00:13:39", "text": "because we have a lot of great content"}, {"start": "00:13:39", "end": "00:13:42", "text": "coming out this week and next. This is"}, {"start": "00:13:42", "end": "00:13:43", "text": "certainly the time you want to be"}, {"start": "00:13:43", "end": "00:13:45", "text": "doubling down on your interest and"}, {"start": "00:13:45", "end": "00:13:47", "text": "enthusiasm and investments into crypto."}, {"start": "00:13:47", "end": "00:13:50", "text": "In my humble opinion, that's what I'm"}, {"start": "00:13:50", "end": "00:13:52", "text": "doing. Hey, subscribe to our channel. We"}, {"start": "00:13:52", "end": "00:13:55", "text": "keep you informed. See you tomorrow."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "A brutal month for Bitcoin. The digital"}, {"start": "00:00:02", "end": "00:00:04", "text": "asset plunging more than 30% from the"}, {"start": "00:00:04", "end": "00:00:06", "text": "all-time high it hit just last month."}, {"start": "00:00:06", "end": "00:00:08", "text": "Something very strange right now is"}, {"start": "00:00:08", "end": "00:00:10", "text": "happening with crypto."}, {"start": "00:00:10", "end": "00:00:13", "text": "Somebody blew up. Who is it? How much?"}, {"start": "00:00:13", "end": "00:00:15", "text": "What is the contagion? Something"}, {"start": "00:00:15", "end": "00:00:16", "text": "happened on October 10th."}, {"start": "00:00:16", "end": "00:00:19", "text": "You see, we have new information on what"}, {"start": "00:00:19", "end": "00:00:22", "text": "actually happened on October 10th that's"}, {"start": "00:00:22", "end": "00:00:24", "text": "causing one of the biggest leverage"}, {"start": "00:00:24", "end": "00:00:26", "text": "flush outs in crypto history. Bigger"}, {"start": "00:00:26", "end": "00:00:29", "text": "than the FTX collapse of 2022. This"}, {"start": "00:00:29", "end": "00:00:31", "text": "feels almost like controlled to a"}, {"start": "00:00:31", "end": "00:00:33", "text": "degree. If you hold crypto, this affects"}, {"start": "00:00:33", "end": "00:00:34", "text": "you. If you have a friend that's"}, {"start": "00:00:34", "end": "00:00:37", "text": "invested in crypto, send send them this"}, {"start": "00:00:37", "end": "00:00:39", "text": "video. This affects them because Bitcoin"}, {"start": "00:00:39", "end": "00:00:42", "text": "has literally never done this before."}, {"start": "00:00:42", "end": "00:00:46", "text": "The dip in total has been about a 35 36%"}, {"start": "00:00:46", "end": "00:00:48", "text": "draw down from all-time highs. That's"}, {"start": "00:00:48", "end": "00:00:52", "text": "normal. 30 to 35% corrections in"}, {"start": "00:00:52", "end": "00:00:54", "text": "Bitcoin, even in bull markets, are"}, {"start": "00:00:54", "end": "00:00:56", "text": "normal. What's not normal is if we go"}, {"start": "00:00:56", "end": "00:01:01", "text": "over not to the Bitcoin price, but BTC"}, {"start": "00:01:01", "end": "00:01:04", "text": "D Bitcoin dominance."}, {"start": "00:01:04", "end": "00:01:07", "text": "We'll take this off of lock back to"}, {"start": "00:01:07", "end": "00:01:09", "text": "auto."}, {"start": "00:01:09", "end": "00:01:14", "text": "And what do we notice with this last big"}, {"start": "00:01:14", "end": "00:01:16", "text": "Bitcoin dip? Bitcoin dominance didn't go"}, {"start": "00:01:16", "end": "00:01:18", "text": "up like it has usually done time and"}, {"start": "00:01:18", "end": "00:01:21", "text": "time again. Bitcoin dominance wicked up"}, {"start": "00:01:21", "end": "00:01:24", "text": "but then tanked in this last crash"}, {"start": "00:01:24", "end": "00:01:26", "text": "suggesting the weakness the sell"}, {"start": "00:01:26", "end": "00:01:29", "text": "pressure isn't for the entire crypto"}, {"start": "00:01:29", "end": "00:01:32", "text": "market. The sell pressure is for Bitcoin"}, {"start": "00:01:32", "end": "00:01:34", "text": "specifically. And why is that"}, {"start": "00:01:34", "end": "00:01:38", "text": "significant? Well, to me that shows us"}, {"start": "00:01:38", "end": "00:01:40", "text": "that one very large entity is"}, {"start": "00:01:40", "end": "00:01:44", "text": "specifically and aggressively selling"}, {"start": "00:01:44", "end": "00:01:46", "text": "Bitcoin and mass and they're only"}, {"start": "00:01:46", "end": "00:01:48", "text": "selling Bitcoin. I loved this analysis"}, {"start": "00:01:48", "end": "00:01:51", "text": "from the Anthony Pompiano podcast"}, {"start": "00:01:51", "end": "00:01:52", "text": "October 10th when there was the big"}, {"start": "00:01:52", "end": "00:01:53", "text": "liquidation if people remember went from"}, {"start": "00:01:53", "end": "00:01:57", "text": "like 120 122,000 to like 106 108"}, {"start": "00:01:57", "end": "00:01:59", "text": "something like that in the span of a"}, {"start": "00:01:59", "end": "00:02:02", "text": "couple of hours. Um that was the bigger"}, {"start": "00:02:02", "end": "00:02:04", "text": "liquidation than during FTX or any of"}, {"start": "00:02:04", "end": "00:02:06", "text": "these moments. I think it ended up being"}, {"start": "00:02:06", "end": "00:02:09", "text": "something like 19 or 20 billion um of uh"}, {"start": "00:02:09", "end": "00:02:10", "text": "of leverage."}, {"start": "00:02:10", "end": "00:02:14", "text": "Somebody blew up. Who is it? How much?"}, {"start": "00:02:14", "end": "00:02:16", "text": "What is the contagion from that type of"}, {"start": "00:02:16", "end": "00:02:17", "text": "event? Right? you know kind of what all"}, {"start": "00:02:17", "end": "00:02:20", "text": "the dependent like something happened on"}, {"start": "00:02:20", "end": "00:02:24", "text": "October 10th which is right about when"}, {"start": "00:02:24", "end": "00:02:25", "text": "we went from the top and we've just been"}, {"start": "00:02:25", "end": "00:02:26", "text": "down only since then and so you've got"}, {"start": "00:02:26", "end": "00:02:28", "text": "some sort of selling now there are"}, {"start": "00:02:28", "end": "00:02:30", "text": "people who will look and say oh on"}, {"start": "00:02:30", "end": "00:02:32", "text": "Binance people are selling at 9:30 every"}, {"start": "00:02:32", "end": "00:02:35", "text": "single day uh it must be some sort of"}, {"start": "00:02:35", "end": "00:02:36", "text": "you know programmatic suppression blah"}, {"start": "00:02:36", "end": "00:02:38", "text": "blah I think that there's a lot of folks"}, {"start": "00:02:38", "end": "00:02:40", "text": "who are smart who say well actually"}, {"start": "00:02:40", "end": "00:02:41", "text": "they're probably just selling through an"}, {"start": "00:02:41", "end": "00:02:43", "text": "OTC provider the OTC provider is you"}, {"start": "00:02:43", "end": "00:02:46", "text": "know essentially uh collecting all the"}, {"start": "00:02:46", "end": "00:02:47", "text": "orders and then they're executing"}, {"start": "00:02:47", "end": "00:02:48", "text": "throughout the day. So, I think that"}, {"start": "00:02:48", "end": "00:02:51", "text": "there's um a blessing and a curse. The"}, {"start": "00:02:51", "end": "00:02:52", "text": "people in the Bitcoin and crypto world,"}, {"start": "00:02:52", "end": "00:02:54", "text": "they actually understand the technology"}, {"start": "00:02:54", "end": "00:02:56", "text": "and the assets really well. They don't"}, {"start": "00:02:56", "end": "00:02:57", "text": "have tons of experience in the"}, {"start": "00:02:57", "end": "00:02:59", "text": "traditional financial system compared to"}, {"start": "00:02:59", "end": "00:03:01", "text": "traditional folks. And so, you get a lot"}, {"start": "00:03:01", "end": "00:03:03", "text": "of like rumors and speculation and like"}, {"start": "00:03:03", "end": "00:03:05", "text": "assumptions and and frankly just like"}, {"start": "00:03:05", "end": "00:03:07", "text": "they don't understand how the systems"}, {"start": "00:03:07", "end": "00:03:09", "text": "work. Um which is an overgeneralization."}, {"start": "00:03:09", "end": "00:03:10", "text": "There's some people who do, but but for"}, {"start": "00:03:10", "end": "00:03:12", "text": "the most part, uh traditional finance"}, {"start": "00:03:12", "end": "00:03:14", "text": "understands it better. So, that's one is"}, {"start": "00:03:14", "end": "00:03:16", "text": "there's been a blowup. And here's where"}, {"start": "00:03:16", "end": "00:03:18", "text": "things get interesting. Because leverage"}, {"start": "00:03:18", "end": "00:03:22", "text": "flush outs on their own are not bad. In"}, {"start": "00:03:22", "end": "00:03:24", "text": "fact, that's healthy. That usually"}, {"start": "00:03:24", "end": "00:03:27", "text": "allows the bull market, the bull market"}, {"start": "00:03:27", "end": "00:03:30", "text": "to go on longer. We see leverage flush"}, {"start": "00:03:30", "end": "00:03:32", "text": "outs every bull cycle at these big price"}, {"start": "00:03:32", "end": "00:03:35", "text": "dips. Again, normal. This one's"}, {"start": "00:03:35", "end": "00:03:37", "text": "different, though. My guess is the"}, {"start": "00:03:37", "end": "00:03:38", "text": "October 10th, that's like the most"}, {"start": "00:03:38", "end": "00:03:40", "text": "credible realistic thing is somebody"}, {"start": "00:03:40", "end": "00:03:42", "text": "blew up. There's contagion and we go"}, {"start": "00:03:42", "end": "00:03:44", "text": "down. Now the question that I think I"}, {"start": "00:03:44", "end": "00:03:47", "text": "have is we've seen this before,"}, {"start": "00:03:47", "end": "00:03:50", "text": "but usually the liquidation has not been"}, {"start": "00:03:50", "end": "00:03:53", "text": "over a month and a half. It's been"}, {"start": "00:03:53", "end": "00:03:55", "text": "pretty violent. It's kind of like a"}, {"start": "00:03:55", "end": "00:03:57", "text": "market sell order almost, right? And so"}, {"start": "00:03:57", "end": "00:03:59", "text": "if you look at the capitulation point um"}, {"start": "00:03:59", "end": "00:04:01", "text": "of FTX, we were kind of in a bare"}, {"start": "00:04:01", "end": "00:04:02", "text": "market, bare market, bare market, and"}, {"start": "00:04:02", "end": "00:04:05", "text": "then you got that final capitulation."}, {"start": "00:04:05", "end": "00:04:07", "text": "This doesn't feel like that. This feels"}, {"start": "00:04:07", "end": "00:04:09", "text": "almost like controlled to a degree. And"}, {"start": "00:04:09", "end": "00:04:13", "text": "so it's left me thinking there's some"}, {"start": "00:04:13", "end": "00:04:14", "text": "there's some piece of information we"}, {"start": "00:04:14", "end": "00:04:16", "text": "don't have that in hindsight we'll be"}, {"start": "00:04:16", "end": "00:04:17", "text": "able to explain what's going on right"}, {"start": "00:04:17", "end": "00:04:19", "text": "now but but we don't know at the moment."}, {"start": "00:04:19", "end": "00:04:21", "text": "So considering that this leverage flush"}, {"start": "00:04:21", "end": "00:04:24", "text": "out was not the capitulation moment at"}, {"start": "00:04:24", "end": "00:04:27", "text": "the end of a cycle like FDX but was the"}, {"start": "00:04:27", "end": "00:04:29", "text": "start or happened mid or at the top of"}, {"start": "00:04:29", "end": "00:04:32", "text": "the cycle. What comes next for Bitcoin?"}, {"start": "00:04:32", "end": "00:04:34", "text": "And it's important we actually look at"}, {"start": "00:04:34", "end": "00:04:36", "text": "the data. By the way, it's completely"}, {"start": "00:04:36", "end": "00:04:38", "text": "free. It cost you nothing. Click"}, {"start": "00:04:38", "end": "00:04:41", "text": "subscribe to Altcoin Daily. We drop one"}, {"start": "00:04:41", "end": "00:04:43", "text": "video per day keeping you informed on"}, {"start": "00:04:43", "end": "00:04:45", "text": "crypto. And now that Bitcoin dominance"}, {"start": "00:04:45", "end": "00:04:47", "text": "has broken under the 50week moving"}, {"start": "00:04:47", "end": "00:04:49", "text": "average as well as the Bitcoin price"}, {"start": "00:04:49", "end": "00:04:52", "text": "broken under the 50week moving average,"}, {"start": "00:04:52", "end": "00:04:54", "text": "let's update our opinion because smart"}, {"start": "00:04:54", "end": "00:04:57", "text": "investors are always intaking"}, {"start": "00:04:57", "end": "00:04:59", "text": "information and updating our investors"}, {"start": "00:04:59", "end": "00:05:02", "text": "thesis or opinion as new information"}, {"start": "00:05:02", "end": "00:05:03", "text": "comes into play. That's what smart"}, {"start": "00:05:03", "end": "00:05:05", "text": "investors do. And this is a little"}, {"start": "00:05:05", "end": "00:05:08", "text": "frightening. only the sixth time in"}, {"start": "00:05:08", "end": "00:05:10", "text": "Bitcoin history that the Bitcoin price"}, {"start": "00:05:10", "end": "00:05:12", "text": "has been this oversold. So, this is"}, {"start": "00:05:12", "end": "00:05:14", "text": "looking at Bitcoin's relative strength"}, {"start": "00:05:14", "end": "00:05:17", "text": "index that based on price history tells"}, {"start": "00:05:17", "end": "00:05:20", "text": "us if the asset is looking more oversold"}, {"start": "00:05:20", "end": "00:05:22", "text": "or overbought. Right now, we are"}, {"start": "00:05:22", "end": "00:05:26", "text": "severely oversold and historic major"}, {"start": "00:05:26", "end": "00:05:29", "text": "bounces have occurred between 25 and 35"}, {"start": "00:05:29", "end": "00:05:31", "text": "and we are currently at 35. So, this is"}, {"start": "00:05:31", "end": "00:05:34", "text": "Bitcoin's RSI on the weekly and not that"}, {"start": "00:05:34", "end": "00:05:36", "text": "we can't go lower. Again, we're around"}, {"start": "00:05:36", "end": "00:05:39", "text": "35. We've gone historically into the 25s"}, {"start": "00:05:39", "end": "00:05:41", "text": "if you want to go into the weekly RSI"}, {"start": "00:05:41", "end": "00:05:44", "text": "during the FTX collapse. But this tells"}, {"start": "00:05:44", "end": "00:05:46", "text": "us historically we should expect a"}, {"start": "00:05:46", "end": "00:05:48", "text": "bounce eventually. Bitcoin has dipped"}, {"start": "00:05:48", "end": "00:05:51", "text": "35% without any real bounce, which is"}, {"start": "00:05:51", "end": "00:05:53", "text": "concerning because the buyers, enough"}, {"start": "00:05:53", "end": "00:05:56", "text": "buyers have not stepped in yet. We just"}, {"start": "00:05:56", "end": "00:05:58", "text": "keep going lower. Ideally, we would see"}, {"start": "00:05:58", "end": "00:06:00", "text": "a bounce around here. Then the question"}, {"start": "00:06:00", "end": "00:06:03", "text": "becomes, is it a deadcat bounce or has"}, {"start": "00:06:03", "end": "00:06:05", "text": "is the bull market continuing? Because"}, {"start": "00:06:05", "end": "00:06:07", "text": "again, this was not a normal crash. It"}, {"start": "00:06:07", "end": "00:06:09", "text": "had nothing to do with Bitcoin's"}, {"start": "00:06:09", "end": "00:06:10", "text": "fundamentals. The fundamentals for"}, {"start": "00:06:10", "end": "00:06:12", "text": "crypto only getting better, but"}, {"start": "00:06:12", "end": "00:06:15", "text": "something broke on October 10th. And now"}, {"start": "00:06:15", "end": "00:06:17", "text": "that we're under the 50week moving"}, {"start": "00:06:17", "end": "00:06:19", "text": "average, to me, these are the three most"}, {"start": "00:06:19", "end": "00:06:22", "text": "likely scenario scenarios. Starting with"}, {"start": "00:06:22", "end": "00:06:25", "text": "the bull scenario, my bestcase scenario,"}, {"start": "00:06:25", "end": "00:06:27", "text": "this is the opium. The bullish scenario"}, {"start": "00:06:27", "end": "00:06:29", "text": "is that we have already bottomed. Now"}, {"start": "00:06:29", "end": "00:06:31", "text": "the next big resistance is going to be"}, {"start": "00:06:31", "end": "00:06:34", "text": "back above this 50week moving average"}, {"start": "00:06:34", "end": "00:06:37", "text": "because as we can see if we are what"}, {"start": "00:06:37", "end": "00:06:39", "text": "people expects if this truly is the bare"}, {"start": "00:06:39", "end": "00:06:41", "text": "market now that we have broken under the"}, {"start": "00:06:41", "end": "00:06:44", "text": "50week moving average we'll have to"}, {"start": "00:06:44", "end": "00:06:45", "text": "bounce around for a while and then"}, {"start": "00:06:45", "end": "00:06:48", "text": "eventually when we can retest it again"}, {"start": "00:06:48", "end": "00:06:49", "text": "if it's a bare market we're going to get"}, {"start": "00:06:49", "end": "00:06:52", "text": "that fake out and then rejection. That"}, {"start": "00:06:52", "end": "00:06:54", "text": "tends to happen. This usually sets the"}, {"start": "00:06:54", "end": "00:06:57", "text": "bear sets the bull market. The ultimate"}, {"start": "00:06:57", "end": "00:06:59", "text": "scenario is we make our way up. Maybe"}, {"start": "00:06:59", "end": "00:07:01", "text": "the 50week moving average hits, you"}, {"start": "00:07:01", "end": "00:07:03", "text": "know, now go was at 103 when we broke"}, {"start": "00:07:03", "end": "00:07:06", "text": "below it. Maybe now it's going to be in"}, {"start": "00:07:06", "end": "00:07:10", "text": "the next few weeks uh 98 100 and we"}, {"start": "00:07:10", "end": "00:07:12", "text": "break above it and the bull market"}, {"start": "00:07:12", "end": "00:07:15", "text": "continues. And by the way, it's not the"}, {"start": "00:07:15", "end": "00:07:18", "text": "price action to the downside or the"}, {"start": "00:07:18", "end": "00:07:20", "text": "upside, but to the downside that truly"}, {"start": "00:07:20", "end": "00:07:23", "text": "marks a bare market. It is the time it"}, {"start": "00:07:23", "end": "00:07:25", "text": "takes because everybody would love for"}, {"start": "00:07:25", "end": "00:07:29", "text": "Bitcoin to dip to 80,000, maybe 70,000,"}, {"start": "00:07:29", "end": "00:07:32", "text": "maybe 65,000, and they'd say, \"I'll buy"}, {"start": "00:07:32", "end": "00:07:34", "text": "it up immediately. It's a no-brainer."}, {"start": "00:07:34", "end": "00:07:36", "text": "That's I'm in Bitcoin for the long"}, {"start": "00:07:36", "end": "00:07:37", "text": "term.\" But it's not the price action"}, {"start": "00:07:37", "end": "00:07:39", "text": "that breaks you. It's the time. People"}, {"start": "00:07:39", "end": "00:07:40", "text": "are sick of waiting. People are"}, {"start": "00:07:40", "end": "00:07:43", "text": "wondering what's next. The true test for"}, {"start": "00:07:43", "end": "00:07:45", "text": "if this was just a flub, if this was"}, {"start": "00:07:45", "end": "00:07:48", "text": "just a random mini black swan event, is"}, {"start": "00:07:48", "end": "00:07:50", "text": "if we can break back above. And then of"}, {"start": "00:07:50", "end": "00:07:52", "text": "course the bigger test comes. Can we"}, {"start": "00:07:52", "end": "00:07:54", "text": "break above all-time highs? There's a"}, {"start": "00:07:54", "end": "00:07:57", "text": "lot of resistance now up top. And those"}, {"start": "00:07:57", "end": "00:07:59", "text": "will be the two big battles. What's the"}, {"start": "00:07:59", "end": "00:08:01", "text": "medium case scenario? The mediumcase"}, {"start": "00:08:01", "end": "00:08:04", "text": "scenario is this. Bitcoin, I kind of"}, {"start": "00:08:04", "end": "00:08:06", "text": "just said it. Bitcoin retests this up"}, {"start": "00:08:06", "end": "00:08:09", "text": "here. We get rejected off of the 50week"}, {"start": "00:08:09", "end": "00:08:11", "text": "moving average and that brings us down."}, {"start": "00:08:11", "end": "00:08:13", "text": "And then for the next 3 to four months,"}, {"start": "00:08:13", "end": "00:08:15", "text": "we are chop consolidating between"}, {"start": "00:08:15", "end": "00:08:17", "text": "$100,000"}, {"start": "00:08:17", "end": "00:08:20", "text": "and can go as low as 60, right? There's"}, {"start": "00:08:20", "end": "00:08:22", "text": "a ton of support around here. That's the"}, {"start": "00:08:22", "end": "00:08:24", "text": "medium case. And again, it's not the"}, {"start": "00:08:24", "end": "00:08:26", "text": "price action. It's the time it takes in"}, {"start": "00:08:26", "end": "00:08:29", "text": "a bare market. It will this last a year"}, {"start": "00:08:29", "end": "00:08:30", "text": "or maybe things have changed."}, {"start": "00:08:30", "end": "00:08:32", "text": "Institutions are here now uh supporting"}, {"start": "00:08:32", "end": "00:08:34", "text": "the bid. Michael Sailor isn't selling."}, {"start": "00:08:34", "end": "00:08:36", "text": "Maybe that supports the bid up and maybe"}, {"start": "00:08:36", "end": "00:08:39", "text": "the bare market only lasts four months."}, {"start": "00:08:39", "end": "00:08:40", "text": "And then of course the worstc case"}, {"start": "00:08:40", "end": "00:08:44", "text": "scenario is what tends to mark the"}, {"start": "00:08:44", "end": "00:08:48", "text": "bottom of a bare market is the 200W week"}, {"start": "00:08:48", "end": "00:08:50", "text": "moving average which right right now"}, {"start": "00:08:50", "end": "00:08:52", "text": "sits at around 55."}, {"start": "00:08:52", "end": "00:08:54", "text": "Typically"}, {"start": "00:08:54", "end": "00:08:57", "text": "is very I would say it's usually very"}, {"start": "00:08:57", "end": "00:09:00", "text": "very rare we break below it. Even during"}, {"start": "00:09:00", "end": "00:09:03", "text": "the COVID crash of 2020 we wicked below"}, {"start": "00:09:03", "end": "00:09:06", "text": "it but nothing outrageous. We did break"}, {"start": "00:09:06", "end": "00:09:09", "text": "below it during the FTX collapse. So"}, {"start": "00:09:09", "end": "00:09:10", "text": "that is something that was new to"}, {"start": "00:09:10", "end": "00:09:12", "text": "Bitcoin. Of course, a great buying"}, {"start": "00:09:12", "end": "00:09:14", "text": "opportunity. If you want, if you had the"}, {"start": "00:09:14", "end": "00:09:17", "text": "guts to buy around $16,000, everybody"}, {"start": "00:09:17", "end": "00:09:19", "text": "was screaming. Bitcoin was going so much"}, {"start": "00:09:19", "end": "00:09:21", "text": "lower back then. If you bought at"}, {"start": "00:09:21", "end": "00:09:23", "text": "16,000,"}, {"start": "00:09:23", "end": "00:09:25", "text": "you made bank. People were screaming"}, {"start": "00:09:25", "end": "00:09:26", "text": "we're going so much lower. The smart"}, {"start": "00:09:26", "end": "00:09:28", "text": "move what I do is dollar cost average on"}, {"start": "00:09:28", "end": "00:09:31", "text": "the way down. Just like you to to get"}, {"start": "00:09:31", "end": "00:09:32", "text": "your position, just like to take"}, {"start": "00:09:32", "end": "00:09:34", "text": "profits, you dollar cost average on the"}, {"start": "00:09:34", "end": "00:09:36", "text": "way up. Nobody can ever time the"}, {"start": "00:09:36", "end": "00:09:38", "text": "bottoms. Nobody can ever time the tops."}, {"start": "00:09:38", "end": "00:09:41", "text": "I can't. So DCA for me is the way."}, {"start": "00:09:41", "end": "00:09:45", "text": "Worstc case scenario is that we go all"}, {"start": "00:09:45", "end": "00:09:47", "text": "the way down to the 200E moving average"}, {"start": "00:09:47", "end": "00:09:50", "text": "and of course it'll be a reaccumulation"}, {"start": "00:09:50", "end": "00:09:53", "text": "grind back up in the months or years to"}, {"start": "00:09:53", "end": "00:09:55", "text": "follow. So if the fundamentals haven't"}, {"start": "00:09:55", "end": "00:09:58", "text": "changed and it was what is suspected on"}, {"start": "00:09:58", "end": "00:10:01", "text": "October 10th somebody blew up some"}, {"start": "00:10:01", "end": "00:10:03", "text": "market maker apparently and it is just"}, {"start": "00:10:03", "end": "00:10:06", "text": "that primary loan entity that is causing"}, {"start": "00:10:06", "end": "00:10:07", "text": "this fear in the market and selling"}, {"start": "00:10:07", "end": "00:10:09", "text": "pressure in the market yet the"}, {"start": "00:10:09", "end": "00:10:10", "text": "fundamentals haven't changed that"}, {"start": "00:10:10", "end": "00:10:12", "text": "actually makes me think maybe this is"}, {"start": "00:10:12", "end": "00:10:14", "text": "the bull scenario maybe we can break"}, {"start": "00:10:14", "end": "00:10:16", "text": "back above that 50week moving average"}, {"start": "00:10:16", "end": "00:10:20", "text": "and I think this chart is worth sharing"}, {"start": "00:10:20", "end": "00:10:22", "text": "easily one of the most important charts"}, {"start": "00:10:22", "end": "00:10:24", "text": "right now for Bitcoin"}, {"start": "00:10:24", "end": "00:10:27", "text": "and almost nobody is aware of it. Click"}, {"start": "00:10:27", "end": "00:10:28", "text": "the like button right now if you"}, {"start": "00:10:28", "end": "00:10:30", "text": "appreciate this perspective. If you"}, {"start": "00:10:30", "end": "00:10:32", "text": "appreciate me finding these experts,"}, {"start": "00:10:32", "end": "00:10:34", "text": "these analysizers, and bringing it to"}, {"start": "00:10:34", "end": "00:10:37", "text": "you, this is important. One of the most"}, {"start": "00:10:37", "end": "00:10:39", "text": "important Bitcoin charts that you have"}, {"start": "00:10:39", "end": "00:10:42", "text": "most likely never seen. Essentially, it"}, {"start": "00:10:42", "end": "00:10:45", "text": "is estimating the floor of Bitcoin based"}, {"start": "00:10:45", "end": "00:10:48", "text": "on how much it costs to produce. We know"}, {"start": "00:10:48", "end": "00:10:50", "text": "Bitcoin has miners. The miners tend to"}, {"start": "00:10:50", "end": "00:10:52", "text": "set a floor. We see this throughout"}, {"start": "00:10:52", "end": "00:10:54", "text": "history. Notice how many times Bitcoin"}, {"start": "00:10:54", "end": "00:10:56", "text": "has found support at this estimated cost"}, {"start": "00:10:56", "end": "00:10:59", "text": "of production red line. The line"}, {"start": "00:10:59", "end": "00:11:02", "text": "currently sits at around $70,000 per"}, {"start": "00:11:02", "end": "00:11:04", "text": "coin. So what does this mean? This is"}, {"start": "00:11:04", "end": "00:11:07", "text": "not just onchain data."}, {"start": "00:11:07", "end": "00:11:09", "text": "This is a cost of production model for"}, {"start": "00:11:09", "end": "00:11:12", "text": "Bitcoin which is a commodity and"}, {"start": "00:11:12", "end": "00:11:14", "text": "commodities almost never trade below"}, {"start": "00:11:14", "end": "00:11:16", "text": "their cost of production. And this is"}, {"start": "00:11:16", "end": "00:11:18", "text": "something the mainstream media will not"}, {"start": "00:11:18", "end": "00:11:20", "text": "share with you. In fact, the mainstream"}, {"start": "00:11:20", "end": "00:11:23", "text": "media is taking this uh opportunity as a"}, {"start": "00:11:23", "end": "00:11:25", "text": "reminder to remind their mainstream"}, {"start": "00:11:25", "end": "00:11:28", "text": "audience that Bitcoin has no value."}, {"start": "00:11:28", "end": "00:11:29", "text": "So, that's the key thing about Bitcoin,"}, {"start": "00:11:29", "end": "00:11:32", "text": "Scarlet. There's no underlying. It's"}, {"start": "00:11:32", "end": "00:11:34", "text": "there's no basis for it. It's just a"}, {"start": "00:11:34", "end": "00:11:34", "text": "number on a screen."}, {"start": "00:11:34", "end": "00:11:37", "text": "But the altcoin Daily Army understands"}, {"start": "00:11:37", "end": "00:11:39", "text": "that's not true. We're savvy investors."}, {"start": "00:11:39", "end": "00:11:41", "text": "We come back every single day for a"}, {"start": "00:11:41", "end": "00:11:43", "text": "video. stay up to date on the market."}, {"start": "00:11:43", "end": "00:11:45", "text": "And the commodity floor value model"}, {"start": "00:11:45", "end": "00:11:48", "text": "estimating Bitcoin's current price or or"}, {"start": "00:11:48", "end": "00:11:50", "text": "floor price for estimated production"}, {"start": "00:11:50", "end": "00:11:53", "text": "cost is around $70,000 per coin. We see"}, {"start": "00:11:53", "end": "00:11:55", "text": "this held during the FTX collapse. We"}, {"start": "00:11:55", "end": "00:11:58", "text": "see this held during COVID. The miners"}, {"start": "00:11:58", "end": "00:12:00", "text": "tend to mark the floor. The miners tend"}, {"start": "00:12:00", "end": "00:12:01", "text": "to create the floor because they know"}, {"start": "00:12:01", "end": "00:12:03", "text": "how much it costs. They know how low the"}, {"start": "00:12:03", "end": "00:12:05", "text": "Bitcoin price can go before they know"}, {"start": "00:12:05", "end": "00:12:08", "text": "they need to hold instead of sell,"}, {"start": "00:12:08", "end": "00:12:09", "text": "right? You're not going to sell at a"}, {"start": "00:12:09", "end": "00:12:11", "text": "loss. you hold down there and you wait"}, {"start": "00:12:11", "end": "00:12:14", "text": "for higher prices because miners are in"}, {"start": "00:12:14", "end": "00:12:16", "text": "this for the long term. Let's support"}, {"start": "00:12:16", "end": "00:12:18", "text": "like the content right now. As I get"}, {"start": "00:12:18", "end": "00:12:19", "text": "more information, I will keep you"}, {"start": "00:12:19", "end": "00:12:23", "text": "updated. Like always, see you tomorrow."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Why is Bitcoin dipping? And to me, this"}, {"start": "00:00:03", "end": "00:00:06", "text": "is sort of a generational buy the dip"}, {"start": "00:00:06", "end": "00:00:09", "text": "opportunity because Bitcoin is dipping"}, {"start": "00:00:09", "end": "00:00:12", "text": "due to many many macro factors that have"}, {"start": "00:00:12", "end": "00:00:13", "text": "nothing to do with the underlying"}, {"start": "00:00:13", "end": "00:00:15", "text": "fundamental technology. In fact, I would"}, {"start": "00:00:15", "end": "00:00:18", "text": "argue Bitcoin compared to 5 years ago is"}, {"start": "00:00:18", "end": "00:00:20", "text": "5 10x fundamentally better the"}, {"start": "00:00:20", "end": "00:00:23", "text": "fundamentals. Yet, Bitcoin's dipping due"}, {"start": "00:00:23", "end": "00:00:26", "text": "to a variety of macro factors like AI"}, {"start": "00:00:26", "end": "00:00:29", "text": "bubble scares. dipping all markets as"}, {"start": "00:00:29", "end": "00:00:32", "text": "well as a liquidity crunch brought by"}, {"start": "00:00:32", "end": "00:00:33", "text": "the government shutdown. I would call"}, {"start": "00:00:33", "end": "00:00:36", "text": "this a generational buying opportunity"}, {"start": "00:00:36", "end": "00:00:38", "text": "if you're a long-term investor because"}, {"start": "00:00:38", "end": "00:00:41", "text": "year to date 11 months, Bitcoin has sort"}, {"start": "00:00:41", "end": "00:00:44", "text": "of kept pace. But if we go back 13"}, {"start": "00:00:44", "end": "00:00:46", "text": "months, 14 months, Bitcoin has been one"}, {"start": "00:00:46", "end": "00:00:49", "text": "of the best performing assets"}, {"start": "00:00:49", "end": "00:00:51", "text": "uh in the global economy. If we go back"}, {"start": "00:00:51", "end": "00:00:52", "text": "two years, if we go back 5 years,"}, {"start": "00:00:52", "end": "00:00:53", "text": "Bitcoin is always one of the best"}, {"start": "00:00:53", "end": "00:00:56", "text": "performing assets long term. That's due"}, {"start": "00:00:56", "end": "00:00:58", "text": "to its finite supply and continued"}, {"start": "00:00:58", "end": "00:01:00", "text": "adoption. And if anything, I would call"}, {"start": "00:01:00", "end": "00:01:05", "text": "this Bitcoin and cryptos 1996"}, {"start": "00:01:05", "end": "00:01:08", "text": "moment."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Breaking news. Coinbase, the number one"}, {"start": "00:00:03", "end": "00:00:06", "text": "crypto exchange in the US, has now"}, {"start": "00:00:06", "end": "00:00:09", "text": "launched cryptobacked loans powered by"}, {"start": "00:00:09", "end": "00:00:12", "text": "Morpho. Meaning you don't have to sell"}, {"start": "00:00:12", "end": "00:00:15", "text": "your Bitcoin or Ethereum. You can borrow"}, {"start": "00:00:15", "end": "00:00:18", "text": "against your assets and get cash while"}, {"start": "00:00:18", "end": "00:00:22", "text": "you stay invested. This is a gamecher"}, {"start": "00:00:22", "end": "00:00:24", "text": "for crypto investors. Their borrow"}, {"start": "00:00:24", "end": "00:00:26", "text": "product has been around for a minute and"}, {"start": "00:00:26", "end": "00:00:29", "text": "has already seen huge success. The news"}, {"start": "00:00:29", "end": "00:00:32", "text": "this week is they just launched this for"}, {"start": "00:00:32", "end": "00:00:35", "text": "Ethereum and much more to come. In this"}, {"start": "00:00:35", "end": "00:00:38", "text": "video, I will explain to you everything"}, {"start": "00:00:38", "end": "00:00:41", "text": "you need to know why you would want to"}, {"start": "00:00:41", "end": "00:00:43", "text": "borrow against your crypto assets rather"}, {"start": "00:00:43", "end": "00:00:45", "text": "than selling and how it can benefit you."}, {"start": "00:00:45", "end": "00:00:48", "text": "The risks you need to keep in mind with"}, {"start": "00:00:48", "end": "00:00:50", "text": "products like this, the three big"}, {"start": "00:00:50", "end": "00:00:53", "text": "reasons why Coinbase Borrow beats other"}, {"start": "00:00:53", "end": "00:00:55", "text": "competitors in the space. In fact, we"}, {"start": "00:00:55", "end": "00:00:58", "text": "will compare Coinbase Borrow to other"}, {"start": "00:00:58", "end": "00:01:00", "text": "leaders in the space with these"}, {"start": "00:01:00", "end": "00:01:02", "text": "products. And overall, in today's video,"}, {"start": "00:01:02", "end": "00:01:06", "text": "I will explain to you, I will show you"}, {"start": "00:01:06", "end": "00:01:09", "text": "exactly how you can use Coinbase to"}, {"start": "00:01:09", "end": "00:01:11", "text": "borrow against your crypto assets. This"}, {"start": "00:01:11", "end": "00:01:13", "text": "is your one-stop shop for everything you"}, {"start": "00:01:13", "end": "00:01:15", "text": "want to know about Coinbase Borrow."}, {"start": "00:01:15", "end": "00:01:17", "text": "We've partnered with Coinbase today to"}, {"start": "00:01:17", "end": "00:01:20", "text": "ensure product accuracy. So, first of"}, {"start": "00:01:20", "end": "00:01:23", "text": "all, why would anybody want to use this"}, {"start": "00:01:23", "end": "00:01:25", "text": "product? Why would anybody want to"}, {"start": "00:01:25", "end": "00:01:27", "text": "borrow against their crypto assets?"}, {"start": "00:01:27", "end": "00:01:29", "text": "Well, think about it like this. Being"}, {"start": "00:01:29", "end": "00:01:32", "text": "able to hold your valuable assets that"}, {"start": "00:01:32", "end": "00:01:35", "text": "you covet and borrow against them rather"}, {"start": "00:01:35", "end": "00:01:37", "text": "than selling to generate cash is how"}, {"start": "00:01:37", "end": "00:01:39", "text": "people have generated wealth for"}, {"start": "00:01:39", "end": "00:01:42", "text": "generations. And now you can finally do"}, {"start": "00:01:42", "end": "00:01:44", "text": "that with digital assets in a much"}, {"start": "00:01:44", "end": "00:01:47", "text": "easier, much more competitive way that"}, {"start": "00:01:47", "end": "00:01:50", "text": "we've ever seen in this space before."}, {"start": "00:01:50", "end": "00:01:53", "text": "So, what makes Coinbase Borrow special?"}, {"start": "00:01:53", "end": "00:01:56", "text": "Well, the loans are powered by Morpho"}, {"start": "00:01:56", "end": "00:01:59", "text": "and they implement a DeFi mullet"}, {"start": "00:01:59", "end": "00:02:02", "text": "strategy. So, centralized exchange front"}, {"start": "00:02:02", "end": "00:02:05", "text": "end, DeFi backend. This gives Coinbase"}, {"start": "00:02:05", "end": "00:02:08", "text": "users direct access to onchain finance."}, {"start": "00:02:08", "end": "00:02:10", "text": "Like I said, this was a very successful"}, {"start": "00:02:10", "end": "00:02:12", "text": "product right out of the gate. So far,"}, {"start": "00:02:12", "end": "00:02:15", "text": "they have cumulatively originated 1.2"}, {"start": "00:02:15", "end": "00:02:17", "text": "billion in loans. This is growing"}, {"start": "00:02:17", "end": "00:02:19", "text": "quickly as adoption grows. And I'm sure"}, {"start": "00:02:19", "end": "00:02:21", "text": "you understand why you would want to do"}, {"start": "00:02:21", "end": "00:02:24", "text": "this. I'm sure you have heard experts"}, {"start": "00:02:24", "end": "00:02:26", "text": "say, \"Do not sell your Bitcoin. It is a"}, {"start": "00:02:26", "end": "00:02:29", "text": "taxable event. You will lose exposure to"}, {"start": "00:02:29", "end": "00:02:32", "text": "the asset to gain filthy fiat.\" So, what"}, {"start": "00:02:32", "end": "00:02:34", "text": "if you could have the cash but not sell"}, {"start": "00:02:34", "end": "00:02:38", "text": "your assets? Finally, the future is now."}, {"start": "00:02:38", "end": "00:02:40", "text": "Like I said, we've had products like"}, {"start": "00:02:40", "end": "00:02:42", "text": "this in crypto for a while, but the"}, {"start": "00:02:42", "end": "00:02:45", "text": "rates have never been competitive. So"}, {"start": "00:02:45", "end": "00:02:47", "text": "before we even get into more product"}, {"start": "00:02:47", "end": "00:02:49", "text": "details, let me first show you this"}, {"start": "00:02:49", "end": "00:02:51", "text": "clip. I love all the good information"}, {"start": "00:02:51", "end": "00:02:54", "text": "that Coinbase is putting out there so we"}, {"start": "00:02:54", "end": "00:02:56", "text": "all understand everything that we need"}, {"start": "00:02:56", "end": "00:02:58", "text": "to understand to use this. This video"}, {"start": "00:02:58", "end": "00:03:01", "text": "clip gives you a great idea on exactly"}, {"start": "00:03:01", "end": "00:03:04", "text": "the value prop of Coinbase Borrow. Here"}, {"start": "00:03:04", "end": "00:03:06", "text": "is their product lead introducing their"}, {"start": "00:03:06", "end": "00:03:08", "text": "product and the value prop of the"}, {"start": "00:03:08", "end": "00:03:11", "text": "product in less than 60 seconds. Hi"}, {"start": "00:03:11", "end": "00:03:13", "text": "everyone, my name is Sid Romesh and I'm"}, {"start": "00:03:13", "end": "00:03:15", "text": "a product manager at Coinbase focused on"}, {"start": "00:03:15", "end": "00:03:17", "text": "our Bitcoin back loans product. So how"}, {"start": "00:03:17", "end": "00:03:19", "text": "does uh Bitcoin back loans actually work"}, {"start": "00:03:19", "end": "00:03:21", "text": "on Coinbase? As a customer, I'd be able"}, {"start": "00:03:21", "end": "00:03:23", "text": "to access alone on Coinbase by"}, {"start": "00:03:23", "end": "00:03:25", "text": "depositing Bitcoin which is then sent"}, {"start": "00:03:25", "end": "00:03:27", "text": "into a third party platform called"}, {"start": "00:03:27", "end": "00:03:29", "text": "Morpho. And the Bitcoin is securely"}, {"start": "00:03:29", "end": "00:03:31", "text": "locked in Morpho smart contracts and the"}, {"start": "00:03:31", "end": "00:03:34", "text": "platform actually disperses USDC into"}, {"start": "00:03:34", "end": "00:03:36", "text": "your Coinbase account directly in your"}, {"start": "00:03:36", "end": "00:03:38", "text": "app. When you're ready to repay the loan"}, {"start": "00:03:38", "end": "00:03:39", "text": "and get your collateral back, you're"}, {"start": "00:03:39", "end": "00:03:42", "text": "able to send USDC back to Morphos"}, {"start": "00:03:42", "end": "00:03:44", "text": "contracts, but this is all abstracted"}, {"start": "00:03:44", "end": "00:03:46", "text": "and you're able to use Coinbase as you"}, {"start": "00:03:46", "end": "00:03:47", "text": "would every day and then get your"}, {"start": "00:03:47", "end": "00:03:49", "text": "collateral back once the loan is fully"}, {"start": "00:03:49", "end": "00:03:51", "text": "repaid. Our value proposition is very"}, {"start": "00:03:51", "end": "00:03:53", "text": "clear. We're two times cheaper than"}, {"start": "00:03:53", "end": "00:03:54", "text": "other platforms out there and we're"}, {"start": "00:03:54", "end": "00:03:57", "text": "3,000 times faster. You can borrow as"}, {"start": "00:03:57", "end": "00:03:59", "text": "low as 5% and you can get it under a"}, {"start": "00:03:59", "end": "00:04:00", "text": "minute. And there's a few other ways we"}, {"start": "00:04:00", "end": "00:04:03", "text": "differentiate our product. You can repay"}, {"start": "00:04:03", "end": "00:04:05", "text": "anytime. So there's no monthly payments."}, {"start": "00:04:05", "end": "00:04:06", "text": "There's no fixed deadline. you're able"}, {"start": "00:04:06", "end": "00:04:09", "text": "to repay whenever you'd like. Coinbase"}, {"start": "00:04:09", "end": "00:04:10", "text": "also does not treat your loan"}, {"start": "00:04:10", "end": "00:04:13", "text": "transaction as a taxable event and very"}, {"start": "00:04:13", "end": "00:04:15", "text": "soon will also be global. The future of"}, {"start": "00:04:15", "end": "00:04:17", "text": "finance is very much on chain. I'm"}, {"start": "00:04:17", "end": "00:04:19", "text": "excited to see our Bitcoin back loans"}, {"start": "00:04:19", "end": "00:04:21", "text": "product scale into this world in a much"}, {"start": "00:04:21", "end": "00:04:23", "text": "more faster, more efficient and global"}, {"start": "00:04:23", "end": "00:04:26", "text": "way. So, let's jump into the details."}, {"start": "00:04:26", "end": "00:04:29", "text": "You can borrow up to 1 million with"}, {"start": "00:04:29", "end": "00:04:31", "text": "Coinbase Borrow using your Bitcoin or"}, {"start": "00:04:31", "end": "00:04:33", "text": "Ethereum as collateral. I have even"}, {"start": "00:04:33", "end": "00:04:36", "text": "heard on good authority that they are"}, {"start": "00:04:36", "end": "00:04:38", "text": "increasing their 1 million limit to 5"}, {"start": "00:04:38", "end": "00:04:40", "text": "million soon. You will be able to borrow"}, {"start": "00:04:40", "end": "00:04:43", "text": "up to 5 million and also more coins will"}, {"start": "00:04:43", "end": "00:04:45", "text": "most likely be added in the future so"}, {"start": "00:04:45", "end": "00:04:48", "text": "users can borrow against much more of"}, {"start": "00:04:48", "end": "00:04:50", "text": "their crypto. Once again, this is"}, {"start": "00:04:50", "end": "00:04:53", "text": "powered by Morpho CFI in the front, DeFi"}, {"start": "00:04:53", "end": "00:04:56", "text": "in the back. The DeFi mullet concept is"}, {"start": "00:04:56", "end": "00:04:58", "text": "an appealing feature for this. Their"}, {"start": "00:04:58", "end": "00:05:00", "text": "product lead explains, \"Let's talk about"}, {"start": "00:05:00", "end": "00:05:03", "text": "the meme, the DeFi mullet. What does it"}, {"start": "00:05:03", "end": "00:05:05", "text": "mean? How does it describe the types of"}, {"start": "00:05:05", "end": "00:05:07", "text": "products that Coinbase is developing?"}, {"start": "00:05:07", "end": "00:05:10", "text": "Defy Mullet in a nutshell is effectively"}, {"start": "00:05:10", "end": "00:05:13", "text": "a trusted, easy to use frontend which we"}, {"start": "00:05:13", "end": "00:05:16", "text": "all love and use today at Coinbase. And"}, {"start": "00:05:16", "end": "00:05:18", "text": "behind the scenes, it leverages DeFi and"}, {"start": "00:05:18", "end": "00:05:21", "text": "onchain primitives to power the activity"}, {"start": "00:05:21", "end": "00:05:24", "text": "that you get on Coinbase. So you get all"}, {"start": "00:05:24", "end": "00:05:27", "text": "the benefits of a um centralized surface"}, {"start": "00:05:27", "end": "00:05:30", "text": "that you can use day-to-day like your"}, {"start": "00:05:30", "end": "00:05:32", "text": "app or website and then behind the"}, {"start": "00:05:32", "end": "00:05:34", "text": "scenes the complexity is actually living"}, {"start": "00:05:34", "end": "00:05:36", "text": "on the DeFi on Jane smart contracts. So"}, {"start": "00:05:36", "end": "00:05:38", "text": "actually the reason it's a mullet is"}, {"start": "00:05:38", "end": "00:05:40", "text": "because you have a very easy to use"}, {"start": "00:05:40", "end": "00:05:42", "text": "interface in the front end and then you"}, {"start": "00:05:42", "end": "00:05:43", "text": "have the DeFi complexity in the back"}, {"start": "00:05:43", "end": "00:05:44", "text": "end."}, {"start": "00:05:44", "end": "00:05:47", "text": "So loans originate in seconds very fast"}, {"start": "00:05:47", "end": "00:05:49", "text": "origination with no additional credit"}, {"start": "00:05:49", "end": "00:05:52", "text": "checks. No time spent on additional"}, {"start": "00:05:52", "end": "00:05:54", "text": "credit checks. huge pay rates as low as"}, {"start": "00:05:54", "end": "00:05:57", "text": "5%, live and historical rates can always"}, {"start": "00:05:57", "end": "00:06:00", "text": "be seen here. Rates move automatically"}, {"start": "00:06:00", "end": "00:06:03", "text": "based on market activities at an average"}, {"start": "00:06:03", "end": "00:06:06", "text": "of around 6%. That is about 2x better"}, {"start": "00:06:06", "end": "00:06:08", "text": "than competitors out there. Now, if you"}, {"start": "00:06:08", "end": "00:06:10", "text": "don't know, APR is the yearly rate"}, {"start": "00:06:10", "end": "00:06:12", "text": "you're being charged for the loan. So,"}, {"start": "00:06:12", "end": "00:06:14", "text": "it's interest plus certain fees"}, {"start": "00:06:14", "end": "00:06:16", "text": "expressed as a percentage. You want as"}, {"start": "00:06:16", "end": "00:06:19", "text": "low of a rate as possible. Here again is"}, {"start": "00:06:19", "end": "00:06:21", "text": "Coinbase's product lead to talk about"}, {"start": "00:06:21", "end": "00:06:23", "text": "their variable rates and explain how"}, {"start": "00:06:23", "end": "00:06:24", "text": "they do the rates."}, {"start": "00:06:24", "end": "00:06:26", "text": "The rates on the product today are"}, {"start": "00:06:26", "end": "00:06:29", "text": "variable. So we integrated Morphos's"}, {"start": "00:06:29", "end": "00:06:35", "text": "CBBTC USDC uh lending market on base and"}, {"start": "00:06:35", "end": "00:06:37", "text": "the way this works today is a variable"}, {"start": "00:06:37", "end": "00:06:39", "text": "interest rate loan. So rates are"}, {"start": "00:06:39", "end": "00:06:40", "text": "effectively a function of how much"}, {"start": "00:06:40", "end": "00:06:42", "text": "liquidity is utilized on the underlying"}, {"start": "00:06:42", "end": "00:06:45", "text": "market and the more it's utilized the"}, {"start": "00:06:45", "end": "00:06:46", "text": "higher the interest rate. And of course"}, {"start": "00:06:46", "end": "00:06:48", "text": "if you're deep in DeFi you know that"}, {"start": "00:06:48", "end": "00:06:51", "text": "this is some kind of curve which is a a"}, {"start": "00:06:51", "end": "00:06:54", "text": "function of utilization and so far the"}, {"start": "00:06:54", "end": "00:06:56", "text": "market has been in a healthy utilization"}, {"start": "00:06:56", "end": "00:06:59", "text": "also including the lenders in that pool."}, {"start": "00:06:59", "end": "00:07:02", "text": "Uh so we've seen rates range from 5 to 7"}, {"start": "00:07:02", "end": "00:07:05", "text": "12%. The prevailing rate right now is"}, {"start": "00:07:05", "end": "00:07:08", "text": "about 7 12%. But we've seen historically"}, {"start": "00:07:08", "end": "00:07:10", "text": "if you do the average across the last"}, {"start": "00:07:10", "end": "00:07:13", "text": "few months it's closer to 6ish%. Uh"}, {"start": "00:07:13", "end": "00:07:16", "text": "which is still almost two times um I"}, {"start": "00:07:16", "end": "00:07:18", "text": "would say attractive than other"}, {"start": "00:07:18", "end": "00:07:21", "text": "offerings in the market. And you could"}, {"start": "00:07:21", "end": "00:07:23", "text": "look at other centralized platforms as"}, {"start": "00:07:23", "end": "00:07:25", "text": "well and we've effectively through DeFi"}, {"start": "00:07:25", "end": "00:07:28", "text": "been able to offer really attractive"}, {"start": "00:07:28", "end": "00:07:29", "text": "interest rates to our borrowers."}, {"start": "00:07:29", "end": "00:07:32", "text": "It is convenient. The loans are easily"}, {"start": "00:07:32", "end": "00:07:34", "text": "managed right on your Coinbase app. You"}, {"start": "00:07:34", "end": "00:07:36", "text": "can repay at any time. That is a"}, {"start": "00:07:36", "end": "00:07:38", "text": "feature. No monthly payments, no"}, {"start": "00:07:38", "end": "00:07:41", "text": "deadlines. Settle whenever you want. And"}, {"start": "00:07:41", "end": "00:07:44", "text": "it is so so cool to see this launch in"}, {"start": "00:07:44", "end": "00:07:46", "text": "the US. It's everywhere in the US except"}, {"start": "00:07:46", "end": "00:07:49", "text": "New York State right now, I believe."}, {"start": "00:07:49", "end": "00:07:51", "text": "Let's keep drilling down on why you"}, {"start": "00:07:51", "end": "00:07:53", "text": "would want to use Coinbase Borrow"}, {"start": "00:07:53", "end": "00:07:55", "text": "powered by Morpho. So, the reason why"}, {"start": "00:07:55", "end": "00:07:57", "text": "anybody would want to use a product like"}, {"start": "00:07:57", "end": "00:08:00", "text": "this is you can cover your life expenses"}, {"start": "00:08:00", "end": "00:08:02", "text": "without having to sell your underlying"}, {"start": "00:08:02", "end": "00:08:05", "text": "asset. You can borrow stable coin and"}, {"start": "00:08:05", "end": "00:08:07", "text": "turn it into regular cash with zero"}, {"start": "00:08:07", "end": "00:08:10", "text": "fees. Perfect for down payments, for"}, {"start": "00:08:10", "end": "00:08:13", "text": "debt refinancing, urgent bills. The way"}, {"start": "00:08:13", "end": "00:08:15", "text": "Coinbase does it is efficient and tax"}, {"start": "00:08:15", "end": "00:08:17", "text": "friendly as Coinbase will not treat your"}, {"start": "00:08:17", "end": "00:08:19", "text": "transactions as a taxable event. And"}, {"start": "00:08:19", "end": "00:08:22", "text": "according to Sid here, there are three"}, {"start": "00:08:22", "end": "00:08:24", "text": "big reasons why Coinbase Borrow really"}, {"start": "00:08:24", "end": "00:08:26", "text": "differentiates themselves. It's ease of"}, {"start": "00:08:26", "end": "00:08:28", "text": "use, very competitive rates with global"}, {"start": "00:08:28", "end": "00:08:31", "text": "liquidity, and just the overall other"}, {"start": "00:08:31", "end": "00:08:33", "text": "Coinbase bells and whistles you get by"}, {"start": "00:08:33", "end": "00:08:35", "text": "using this product that can really"}, {"start": "00:08:35", "end": "00:08:37", "text": "elevate your investing game. Listen for"}, {"start": "00:08:37", "end": "00:08:38", "text": "yourself."}, {"start": "00:08:38", "end": "00:08:40", "text": "Yeah, I think broadly there's like three"}, {"start": "00:08:40", "end": "00:08:43", "text": "benefits. One is the ease of use. The"}, {"start": "00:08:43", "end": "00:08:44", "text": "the fact that you don't have to worry"}, {"start": "00:08:44", "end": "00:08:47", "text": "about uh leaving Coinbase using other"}, {"start": "00:08:47", "end": "00:08:49", "text": "platforms or even understanding the"}, {"start": "00:08:49", "end": "00:08:52", "text": "intric intricacies of DeFi and onchain."}, {"start": "00:08:52", "end": "00:08:54", "text": "Uh it's almost like you don't have to"}, {"start": "00:08:54", "end": "00:08:56", "text": "think about any of that. You still get"}, {"start": "00:08:56", "end": "00:08:58", "text": "all the benefits of it in the Coinbase"}, {"start": "00:08:58", "end": "00:09:00", "text": "app, but with the very simple user"}, {"start": "00:09:00", "end": "00:09:02", "text": "experience and it does play a huge role"}, {"start": "00:09:02", "end": "00:09:05", "text": "as we reach the mass market, right?"}, {"start": "00:09:05", "end": "00:09:06", "text": "within the US or other countries we"}, {"start": "00:09:06", "end": "00:09:08", "text": "expand to user experience is something"}, {"start": "00:09:08", "end": "00:09:11", "text": "that we really value and basically"}, {"start": "00:09:11", "end": "00:09:12", "text": "solves a lot of the headaches that"}, {"start": "00:09:12", "end": "00:09:14", "text": "people go through especially when using"}, {"start": "00:09:14", "end": "00:09:17", "text": "crypto. The second uh benefit of course"}, {"start": "00:09:17", "end": "00:09:19", "text": "is the fact that you get really good"}, {"start": "00:09:19", "end": "00:09:22", "text": "economics from this transaction uh just"}, {"start": "00:09:22", "end": "00:09:24", "text": "because it's a global pool of liquidity"}, {"start": "00:09:24", "end": "00:09:26", "text": "and lenders around the world are lending"}, {"start": "00:09:26", "end": "00:09:29", "text": "capital. So you effectively get"}, {"start": "00:09:29", "end": "00:09:31", "text": "economies of scale because the cost of"}, {"start": "00:09:31", "end": "00:09:33", "text": "capital is very attractive and the cost"}, {"start": "00:09:33", "end": "00:09:35", "text": "of capital is very attractive. The"}, {"start": "00:09:35", "end": "00:09:36", "text": "demand actually naturally flows to those"}, {"start": "00:09:36", "end": "00:09:39", "text": "markets. Thereby you're effectively"}, {"start": "00:09:39", "end": "00:09:41", "text": "being able to create a really strong"}, {"start": "00:09:41", "end": "00:09:43", "text": "financial system on these rails. And"}, {"start": "00:09:43", "end": "00:09:45", "text": "then the third part is actually all the"}, {"start": "00:09:45", "end": "00:09:47", "text": "ancillary services that come with using"}, {"start": "00:09:47", "end": "00:09:50", "text": "Coinbase. Tax reporting, transaction"}, {"start": "00:09:50", "end": "00:09:53", "text": "management, um tracking like basically"}, {"start": "00:09:53", "end": "00:09:55", "text": "like all your assets in one place. the"}, {"start": "00:09:55", "end": "00:09:57", "text": "convenience of managing your assets and"}, {"start": "00:09:57", "end": "00:10:00", "text": "loans and lending activity all within"}, {"start": "00:10:00", "end": "00:10:02", "text": "the Coinbase app for easy to access"}, {"start": "00:10:02", "end": "00:10:05", "text": "data, right? And by by the time the tax"}, {"start": "00:10:05", "end": "00:10:06", "text": "year comes, you actually have statements"}, {"start": "00:10:06", "end": "00:10:09", "text": "that are issued for you as a user as"}, {"start": "00:10:09", "end": "00:10:10", "text": "well. So you have the full speed"}, {"start": "00:10:10", "end": "00:10:12", "text": "benefits from user experience, the"}, {"start": "00:10:12", "end": "00:10:14", "text": "convenience of having everything in one"}, {"start": "00:10:14", "end": "00:10:16", "text": "place and also the transparent and and"}, {"start": "00:10:16", "end": "00:10:20", "text": "and economics of of DeFi uh for your"}, {"start": "00:10:20", "end": "00:10:22", "text": "actual lending activity. So, let's talk"}, {"start": "00:10:22", "end": "00:10:26", "text": "LTV, loantoval ratio, and margin call."}, {"start": "00:10:26", "end": "00:10:29", "text": "This is what you need to understand when"}, {"start": "00:10:29", "end": "00:10:31", "text": "using borrow products like this. First"}, {"start": "00:10:31", "end": "00:10:34", "text": "of all, LTV, it's how much you're"}, {"start": "00:10:34", "end": "00:10:36", "text": "borrowing compared to the value of the"}, {"start": "00:10:36", "end": "00:10:38", "text": "asset you're using as collateral."}, {"start": "00:10:38", "end": "00:10:41", "text": "Example, if you borrow $20,000 against"}, {"start": "00:10:41", "end": "00:10:45", "text": "$100,000 of your Bitcoin, your LTV is"}, {"start": "00:10:45", "end": "00:10:48", "text": "20%. A margin call happens when your LTV"}, {"start": "00:10:48", "end": "00:10:50", "text": "gets too high because your collateral"}, {"start": "00:10:50", "end": "00:10:53", "text": "drops in value. The lender warns you to"}, {"start": "00:10:53", "end": "00:10:55", "text": "add more collateral or pay down the loan"}, {"start": "00:10:55", "end": "00:10:58", "text": "or the risk is they'll start liquidating"}, {"start": "00:10:58", "end": "00:11:00", "text": "your assets. So here is the details"}, {"start": "00:11:00", "end": "00:11:02", "text": "regarding that for Coinbase borrow."}, {"start": "00:11:02", "end": "00:11:05", "text": "Initial borrows for a new loan must be"}, {"start": "00:11:05", "end": "00:11:07", "text": "under 75%"}, {"start": "00:11:07", "end": "00:11:10", "text": "LTV at the time of opening the loan and"}, {"start": "00:11:10", "end": "00:11:12", "text": "then loan to value ratio must remain"}, {"start": "00:11:12", "end": "00:11:15", "text": "under 86% to avoid triggering an"}, {"start": "00:11:15", "end": "00:11:17", "text": "automatic liquidation and being charged"}, {"start": "00:11:17", "end": "00:11:19", "text": "a penalty. How does this compare to"}, {"start": "00:11:19", "end": "00:11:22", "text": "other top products in the space? So, let"}, {"start": "00:11:22", "end": "00:11:24", "text": "is a competitor in the space. Just look"}, {"start": "00:11:24", "end": "00:11:28", "text": "at these awful rates. Borrow at 12.4"}, {"start": "00:11:28", "end": "00:11:32", "text": "APR. Yuck. Plus, letin is not DeFi."}, {"start": "00:11:32", "end": "00:11:34", "text": "Plus, you would have to onboard to a new"}, {"start": "00:11:34", "end": "00:11:37", "text": "platform to use this. The loan terms are"}, {"start": "00:11:37", "end": "00:11:40", "text": "different. Letin loan terms are 12%, but"}, {"start": "00:11:40", "end": "00:11:41", "text": "you can renew as long as your LTV is"}, {"start": "00:11:41", "end": "00:11:44", "text": "healthy. Coinbase, you repay at any"}, {"start": "00:11:44", "end": "00:11:46", "text": "time. Now, Leaddin, of course, has"}, {"start": "00:11:46", "end": "00:11:48", "text": "originated much more loans because"}, {"start": "00:11:48", "end": "00:11:50", "text": "they've been around for years. But"}, {"start": "00:11:50", "end": "00:11:52", "text": "Coinbase is much more US- ccentric,"}, {"start": "00:11:52", "end": "00:11:54", "text": "available in a lot more places in the"}, {"start": "00:11:54", "end": "00:11:57", "text": "US. The APR here is disgusting, though."}, {"start": "00:11:57", "end": "00:11:59", "text": "This is the type of non-competitive"}, {"start": "00:11:59", "end": "00:12:01", "text": "rates that I was familiar with that I"}, {"start": "00:12:01", "end": "00:12:03", "text": "thought was the standard in the industry"}, {"start": "00:12:03", "end": "00:12:05", "text": "for my experience. And so the rates for"}, {"start": "00:12:05", "end": "00:12:07", "text": "me are the biggest thing why I choose"}, {"start": "00:12:07", "end": "00:12:09", "text": "Coinbase and the fact that Coinbase is"}, {"start": "00:12:09", "end": "00:12:12", "text": "DeFi. Now let's do figure. Look at this."}, {"start": "00:12:12", "end": "00:12:14", "text": "You can see that neither of these are"}, {"start": "00:12:14", "end": "00:12:17", "text": "good in the US like Coinbase is good in"}, {"start": "00:12:17", "end": "00:12:19", "text": "the US. The APR it's slightly more"}, {"start": "00:12:19", "end": "00:12:21", "text": "competitive but still Coinbase Borrow"}, {"start": "00:12:21", "end": "00:12:24", "text": "powered by Morpho beats it. Also, it is"}, {"start": "00:12:24", "end": "00:12:26", "text": "interesting to note that both Leaddin"}, {"start": "00:12:26", "end": "00:12:29", "text": "and Figure put their LTV at 50%. The way"}, {"start": "00:12:29", "end": "00:12:31", "text": "to think about it is like this. If you"}, {"start": "00:12:31", "end": "00:12:34", "text": "want safety, a 50% LTV is better. If you"}, {"start": "00:12:34", "end": "00:12:38", "text": "want maximum borrowing, an 80% LTV is"}, {"start": "00:12:38", "end": "00:12:40", "text": "better. Just something to note. So, in"}, {"start": "00:12:40", "end": "00:12:42", "text": "conclusion, why is Coinbase Borrow"}, {"start": "00:12:42", "end": "00:12:45", "text": "powered by Morpho the best? Well, their"}, {"start": "00:12:45", "end": "00:12:47", "text": "rates are historically much lower than"}, {"start": "00:12:47", "end": "00:12:50", "text": "competitors. It uses DeFi. al loan takes"}, {"start": "00:12:50", "end": "00:12:52", "text": "seconds to originate instead of hours or"}, {"start": "00:12:52", "end": "00:12:55", "text": "days. You can borrow up to 1 million and"}, {"start": "00:12:55", "end": "00:12:57", "text": "soon to be 5 million of stablecoin with"}, {"start": "00:12:57", "end": "00:12:59", "text": "zero repayment schedule and just very"}, {"start": "00:12:59", "end": "00:13:02", "text": "very easy to manage within your Coinbase"}, {"start": "00:13:02", "end": "00:13:04", "text": "app. Guys, check them out for yourself."}, {"start": "00:13:04", "end": "00:13:06", "text": "Do more research. Seriously, Coinbase"}, {"start": "00:13:06", "end": "00:13:08", "text": "Borrow powered by Morpho is one of the"}, {"start": "00:13:08", "end": "00:13:10", "text": "best in the game right now. There is"}, {"start": "00:13:10", "end": "00:13:12", "text": "reason why you would want to borrow"}, {"start": "00:13:12", "end": "00:13:13", "text": "against your crypto. And if you do,"}, {"start": "00:13:13", "end": "00:13:15", "text": "Coinbase Borrow is the one to look at."}, {"start": "00:13:15", "end": "00:13:17", "text": "So, I'm going to leave links to Coinbase"}, {"start": "00:13:17", "end": "00:13:19", "text": "Borrow below. Check them out. Follow"}, {"start": "00:13:19", "end": "00:13:20", "text": "through with the links below. My name is"}, {"start": "00:13:20", "end": "00:13:23", "text": "Aaron at Altcoin Daily. Make sure you're"}, {"start": "00:13:23", "end": "00:13:25", "text": "following us on Instagram. Make sure"}, {"start": "00:13:25", "end": "00:13:28", "text": "you're following us on Twitter."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "This is sort of a generational buy the"}, {"start": "00:00:03", "end": "00:00:04", "text": "dip opportunity because"}, {"start": "00:00:04", "end": "00:00:07", "text": "crypto specifically though six weeks"}, {"start": "00:00:07", "end": "00:00:09", "text": "after hitting a record high has"}, {"start": "00:00:09", "end": "00:00:13", "text": "plummeted. Uh Altcoin Dies Austin Arnold"}, {"start": "00:00:13", "end": "00:00:15", "text": "is here to get us up to date on what's"}, {"start": "00:00:15", "end": "00:00:17", "text": "going on and what if anything people"}, {"start": "00:00:17", "end": "00:00:18", "text": "should be doing during this time. Thank"}, {"start": "00:00:18", "end": "00:00:21", "text": "you so much for your time."}, {"start": "00:00:21", "end": "00:00:23", "text": "Thank you for having me. Love Chicago."}, {"start": "00:00:23", "end": "00:00:26", "text": "And if I could just start out, Altcoin"}, {"start": "00:00:26", "end": "00:00:28", "text": "Daily speaks to an audience of 3.5"}, {"start": "00:00:28", "end": "00:00:31", "text": "million across all social platforms on X"}, {"start": "00:00:31", "end": "00:00:33", "text": "on YouTube. And we get this question all"}, {"start": "00:00:33", "end": "00:00:36", "text": "the time. Why is Bitcoin dipping? And to"}, {"start": "00:00:36", "end": "00:00:40", "text": "me, this is sort of a generational buy"}, {"start": "00:00:40", "end": "00:00:42", "text": "the dip opportunity because Bitcoin is"}, {"start": "00:00:42", "end": "00:00:45", "text": "dipping due to many many macro factors"}, {"start": "00:00:45", "end": "00:00:46", "text": "that have nothing to do with the"}, {"start": "00:00:46", "end": "00:00:48", "text": "underlying fundamental technology. In"}, {"start": "00:00:48", "end": "00:00:50", "text": "fact, I would argue Bitcoin compared to"}, {"start": "00:00:50", "end": "00:00:53", "text": "5 years ago is 5 10x fundamentally"}, {"start": "00:00:53", "end": "00:00:55", "text": "better the fundamentals. Yet, Bitcoin's"}, {"start": "00:00:55", "end": "00:00:57", "text": "dipping due to a variety of macro"}, {"start": "00:00:57", "end": "00:01:01", "text": "factors like AI bubble scares. That's"}, {"start": "00:01:01", "end": "00:01:03", "text": "dipping all markets as well as a"}, {"start": "00:01:03", "end": "00:01:05", "text": "liquidity crunch brought by the"}, {"start": "00:01:05", "end": "00:01:07", "text": "government shutdown."}, {"start": "00:01:07", "end": "00:01:09", "text": "Very interesting. So, there is a lot"}, {"start": "00:01:09", "end": "00:01:11", "text": "behind the numbers."}, {"start": "00:01:11", "end": "00:01:13", "text": "There is. And if anything, I would"}, {"start": "00:01:13", "end": "00:01:15", "text": "encourage, you know, the altcoin daily"}, {"start": "00:01:15", "end": "00:01:17", "text": "audience knows crypto investors"}, {"start": "00:01:17", "end": "00:01:20", "text": "understand we want that volatility."}, {"start": "00:01:20", "end": "00:01:22", "text": "They're in it for the long term. I I"}, {"start": "00:01:22", "end": "00:01:24", "text": "would call this a generational buying"}, {"start": "00:01:24", "end": "00:01:26", "text": "opportunity if you're a long-term"}, {"start": "00:01:26", "end": "00:01:29", "text": "investor because year to date, 11"}, {"start": "00:01:29", "end": "00:01:31", "text": "months, Bitcoin has sort of kept pace."}, {"start": "00:01:31", "end": "00:01:34", "text": "But if we go back 13 months, 14 months,"}, {"start": "00:01:34", "end": "00:01:36", "text": "Bitcoin has been one of the best"}, {"start": "00:01:36", "end": "00:01:39", "text": "performing assets uh in the global"}, {"start": "00:01:39", "end": "00:01:40", "text": "economy. If we go back two years, if we"}, {"start": "00:01:40", "end": "00:01:42", "text": "go back five years, Bitcoin is always"}, {"start": "00:01:42", "end": "00:01:44", "text": "one of the best performing assets long"}, {"start": "00:01:44", "end": "00:01:46", "text": "term. That's due to its finite supply"}, {"start": "00:01:46", "end": "00:01:49", "text": "and continued adoption. And if anything,"}, {"start": "00:01:49", "end": "00:01:52", "text": "I would call this Bitcoin and crypto's"}, {"start": "00:01:52", "end": "00:01:54", "text": "1996"}, {"start": "00:01:54", "end": "00:01:54", "text": "moment."}, {"start": "00:01:54", "end": "00:01:56", "text": "Oh, meaning for the"}, {"start": "00:01:56", "end": "00:01:58", "text": "meaning for the internet. It is very"}, {"start": "00:01:58", "end": "00:02:01", "text": "interesting. The internet for the first"}, {"start": "00:02:01", "end": "00:02:03", "text": "time ever really hit its stride and"}, {"start": "00:02:03", "end": "00:02:05", "text": "really got regulated in 1996 due to"}, {"start": "00:02:05", "end": "00:02:07", "text": "something called the Telecommunications"}, {"start": "00:02:07", "end": "00:02:10", "text": "Act. uh that opened up the path for uh"}, {"start": "00:02:10", "end": "00:02:14", "text": "fair and uh uh known regulation to"}, {"start": "00:02:14", "end": "00:02:16", "text": "happen to the internet. The biggest"}, {"start": "00:02:16", "end": "00:02:18", "text": "piece of cryptocurrency regulation is"}, {"start": "00:02:18", "end": "00:02:20", "text": "happening in the next few months. It's"}, {"start": "00:02:20", "end": "00:02:21", "text": "called the market structure bill,"}, {"start": "00:02:21", "end": "00:02:22", "text": "Clarity Act, and that's going to"}, {"start": "00:02:22", "end": "00:02:24", "text": "regulate the cryptocurrency industry for"}, {"start": "00:02:24", "end": "00:02:26", "text": "the very first time. And for"}, {"start": "00:02:26", "end": "00:02:28", "text": "perspective, cryptocurrency has grown"}, {"start": "00:02:28", "end": "00:02:30", "text": "for the last 15 years, been one of the"}, {"start": "00:02:30", "end": "00:02:32", "text": "best performers when it was a scourge on"}, {"start": "00:02:32", "end": "00:02:34", "text": "traditional finance. Now, for the first"}, {"start": "00:02:34", "end": "00:02:37", "text": "time ever, just like 1996, the largest"}, {"start": "00:02:37", "end": "00:02:38", "text": "financial economy in the world, the"}, {"start": "00:02:38", "end": "00:02:42", "text": "United States is regulating it and thus"}, {"start": "00:02:42", "end": "00:02:44", "text": "long-term fundamentals only improving."}, {"start": "00:02:44", "end": "00:02:47", "text": "When people talk about a bare market and"}, {"start": "00:02:47", "end": "00:02:50", "text": "how crypto fits into that right now, uh"}, {"start": "00:02:50", "end": "00:02:52", "text": "can you explain that?"}, {"start": "00:02:52", "end": "00:02:55", "text": "Absolutely. Bare market means price goes"}, {"start": "00:02:55", "end": "00:02:56", "text": "down for an extended period of time."}, {"start": "00:02:56", "end": "00:02:58", "text": "Bull market means price goes up for an"}, {"start": "00:02:58", "end": "00:03:01", "text": "extended period of time. The cool thing"}, {"start": "00:03:01", "end": "00:03:02", "text": "about investing in cryptocurrency is"}, {"start": "00:03:02", "end": "00:03:07", "text": "that again a a 5% to 20% dip in"}, {"start": "00:03:07", "end": "00:03:09", "text": "traditional markets, you know, people"}, {"start": "00:03:09", "end": "00:03:11", "text": "lose their mind. In cryptocurrency,"}, {"start": "00:03:11", "end": "00:03:13", "text": "that's common. People invest for the"}, {"start": "00:03:13", "end": "00:03:15", "text": "volatility. Right now, the Bitcoin price"}, {"start": "00:03:15", "end": "00:03:19", "text": "is ranging between 100K and I'd say 70K,"}, {"start": "00:03:19", "end": "00:03:21", "text": "which is right around where the price"}, {"start": "00:03:21", "end": "00:03:23", "text": "was when we had our last elections last"}, {"start": "00:03:23", "end": "00:03:26", "text": "year. Um, rangebound until then. And"}, {"start": "00:03:26", "end": "00:03:28", "text": "whether it's a bull or bare market, um,"}, {"start": "00:03:28", "end": "00:03:30", "text": "long-term investors have always done"}, {"start": "00:03:30", "end": "00:03:32", "text": "well."}, {"start": "00:03:32", "end": "00:03:34", "text": "When I was reading up getting ready to"}, {"start": "00:03:34", "end": "00:03:36", "text": "speak to you, I kept seeing some"}, {"start": "00:03:36", "end": "00:03:39", "text": "comments about a flash crash on October"}, {"start": "00:03:39", "end": "00:03:42", "text": "10th. What was that?"}, {"start": "00:03:42", "end": "00:03:44", "text": "100%. I'm glad you brought that up. Uh,"}, {"start": "00:03:44", "end": "00:03:46", "text": "that was sort of the catalyst for why"}, {"start": "00:03:46", "end": "00:03:49", "text": "the cryptocurrency market led the draw"}, {"start": "00:03:49", "end": "00:03:50", "text": "down that we're seeing in all the"}, {"start": "00:03:50", "end": "00:03:52", "text": "broader markets. In cryptocurrency and"}, {"start": "00:03:52", "end": "00:03:54", "text": "in all markets, there's leverage"}, {"start": "00:03:54", "end": "00:03:57", "text": "trading. people trading on margin."}, {"start": "00:03:57", "end": "00:03:59", "text": "Traders exist in all markets. We had"}, {"start": "00:03:59", "end": "00:04:02", "text": "something called a leverage flush out"}, {"start": "00:04:02", "end": "00:04:03", "text": "which were all those traders, the"}, {"start": "00:04:03", "end": "00:04:06", "text": "majority of them uh that were long on"}, {"start": "00:04:06", "end": "00:04:09", "text": "the market got flushed out and they were"}, {"start": "00:04:09", "end": "00:04:11", "text": "forced to liquidate. As a long-term"}, {"start": "00:04:11", "end": "00:04:12", "text": "investor, that makes me feel good"}, {"start": "00:04:12", "end": "00:04:14", "text": "knowing that the Bitcoin price initially"}, {"start": "00:04:14", "end": "00:04:16", "text": "didn't go down because anything"}, {"start": "00:04:16", "end": "00:04:18", "text": "fundamentally changed. It's just that"}, {"start": "00:04:18", "end": "00:04:20", "text": "there was forced liquidations, meaning"}, {"start": "00:04:20", "end": "00:04:21", "text": "there's forced sellers in a very short"}, {"start": "00:04:21", "end": "00:04:23", "text": "amount of time. That happened on October"}, {"start": "00:04:23", "end": "00:04:25", "text": "10th. And then of course the market has"}, {"start": "00:04:25", "end": "00:04:27", "text": "been chopolidating, working the"}, {"start": "00:04:27", "end": "00:04:29", "text": "confidence back in and working its way"}, {"start": "00:04:29", "end": "00:04:30", "text": "out since then."}, {"start": "00:04:30", "end": "00:04:33", "text": "So would a turnaround be beneficial if"}, {"start": "00:04:33", "end": "00:04:36", "text": "you're looking for volatility?"}, {"start": "00:04:37", "end": "00:04:41", "text": "Investors love a turnaround. Uh like I"}, {"start": "00:04:41", "end": "00:04:44", "text": "said, that's uh you know in a long-term"}, {"start": "00:04:44", "end": "00:04:46", "text": "perspective."}, {"start": "00:04:46", "end": "00:04:47", "text": "People understand that it's going to go"}, {"start": "00:04:47", "end": "00:04:49", "text": "up and down in the short term. I think"}, {"start": "00:04:49", "end": "00:04:53", "text": "anything above $70,000 very normal with"}, {"start": "00:04:53", "end": "00:04:55", "text": "Bitcoin considering we were just there"}, {"start": "00:04:55", "end": "00:04:57", "text": "about 11 months ago, 12 months ago. Um,"}, {"start": "00:04:57", "end": "00:05:00", "text": "right now the 50Week moving average. If"}, {"start": "00:05:00", "end": "00:05:01", "text": "we're going to get technical, my worst"}, {"start": "00:05:01", "end": "00:05:04", "text": "case scenario right now that's in bare"}, {"start": "00:05:04", "end": "00:05:07", "text": "markets, uh, Bitcoin usually always"}, {"start": "00:05:07", "end": "00:05:12", "text": "returns to the 200E moving average. And"}, {"start": "00:05:12", "end": "00:05:14", "text": "um since we just crossed under the"}, {"start": "00:05:14", "end": "00:05:15", "text": "50week moving average, the 200week"}, {"start": "00:05:15", "end": "00:05:18", "text": "moving average is around a $55 to"}, {"start": "00:05:18", "end": "00:05:20", "text": "$60,000 Bitcoin. Worst case scenario, we"}, {"start": "00:05:20", "end": "00:05:22", "text": "could always dip more towards then."}, {"start": "00:05:22", "end": "00:05:25", "text": "That's if the broader global markets,"}, {"start": "00:05:25", "end": "00:05:27", "text": "traditional stock market, NASDAQ, if"}, {"start": "00:05:27", "end": "00:05:29", "text": "we're all about to enter a global bare"}, {"start": "00:05:29", "end": "00:05:32", "text": "market, that's my worst case scenario."}, {"start": "00:05:32", "end": "00:05:35", "text": "What would we or you be looking for to"}, {"start": "00:05:35", "end": "00:05:38", "text": "signal a turnaround?"}, {"start": "00:05:38", "end": "00:05:40", "text": "A turnaround? I think there's three big"}, {"start": "00:05:40", "end": "00:05:43", "text": "catalysts to me that tell me long-term"}, {"start": "00:05:43", "end": "00:05:44", "text": "cryptocurrency is not going away. In"}, {"start": "00:05:44", "end": "00:05:46", "text": "fact, cryptocurrency is getting bigger."}, {"start": "00:05:46", "end": "00:05:48", "text": "Number one, like I said, huge piece of"}, {"start": "00:05:48", "end": "00:05:50", "text": "legislation, the biggest crypto"}, {"start": "00:05:50", "end": "00:05:52", "text": "legislation that we have ever seen,"}, {"start": "00:05:52", "end": "00:05:55", "text": "market structure bill that's expected to"}, {"start": "00:05:55", "end": "00:05:58", "text": "get passed by earliest December or early"}, {"start": "00:05:58", "end": "00:06:00", "text": "next year is the expectation. That's"}, {"start": "00:06:00", "end": "00:06:02", "text": "catalyst number one. Catalyst number two"}, {"start": "00:06:02", "end": "00:06:03", "text": "is something we actually have already"}, {"start": "00:06:03", "end": "00:06:06", "text": "seen. It's called the Genius Act. that's"}, {"start": "00:06:06", "end": "00:06:07", "text": "already happened a few months ago, still"}, {"start": "00:06:07", "end": "00:06:10", "text": "very new that regulated stable coins."}, {"start": "00:06:10", "end": "00:06:11", "text": "For the folks at home, a stable coin is"}, {"start": "00:06:11", "end": "00:06:14", "text": "just a digital dollar pegged onetoone."}, {"start": "00:06:14", "end": "00:06:18", "text": "And what we saw weeks after stable coins"}, {"start": "00:06:18", "end": "00:06:22", "text": "finally got regulated, we saw JP Morgan,"}, {"start": "00:06:22", "end": "00:06:24", "text": "City Bank, Mastercard, Visa all say,"}, {"start": "00:06:24", "end": "00:06:26", "text": "\"We're going to roll out stable coin"}, {"start": "00:06:26", "end": "00:06:29", "text": "pilots for customer transactions.\" Why"}, {"start": "00:06:29", "end": "00:06:30", "text": "they like it? Because it's cheaper,"}, {"start": "00:06:30", "end": "00:06:32", "text": "faster, more instant settlement. And all"}, {"start": "00:06:32", "end": "00:06:34", "text": "that's being built on other"}, {"start": "00:06:34", "end": "00:06:36", "text": "cryptocurrencies besides Bitcoin like"}, {"start": "00:06:36", "end": "00:06:39", "text": "Ethereum and Solana primarily. So again,"}, {"start": "00:06:39", "end": "00:06:41", "text": "we are in a very early innings of this."}, {"start": "00:06:41", "end": "00:06:43", "text": "That was catalyst number two. And then"}, {"start": "00:06:43", "end": "00:06:45", "text": "for the turnaround, I think we're going"}, {"start": "00:06:45", "end": "00:06:47", "text": "to continue to see governments and"}, {"start": "00:06:47", "end": "00:06:50", "text": "central banks globally adopting and"}, {"start": "00:06:50", "end": "00:06:52", "text": "accumulating this technology. For"}, {"start": "00:06:52", "end": "00:06:55", "text": "example, Luxembourg, the central bank,"}, {"start": "00:06:55", "end": "00:06:57", "text": "uh the government just allocated 1% of"}, {"start": "00:06:57", "end": "00:06:58", "text": "their sovereign wealth fund into"}, {"start": "00:06:58", "end": "00:07:00", "text": "Bitcoin. Their exact quote is, \"We will"}, {"start": "00:07:00", "end": "00:07:01", "text": "hold for the long term.\" Wow,"}, {"start": "00:07:01", "end": "00:07:04", "text": "that's a 1%. The Czech central bank just"}, {"start": "00:07:04", "end": "00:07:06", "text": "announced a Bitcoin allocation. They're"}, {"start": "00:07:06", "end": "00:07:08", "text": "buying Bitcoin and of course the United"}, {"start": "00:07:08", "end": "00:07:10", "text": "States government has announced a"}, {"start": "00:07:10", "end": "00:07:12", "text": "Bitcoin strategic reserve. So all those"}, {"start": "00:07:12", "end": "00:07:14", "text": "factors I think is going to be the up"}, {"start": "00:07:14", "end": "00:07:16", "text": "bid for Bitcoin specifically in the long"}, {"start": "00:07:16", "end": "00:07:17", "text": "term. I"}, {"start": "00:07:17", "end": "00:07:19", "text": "is there anything else that's up and"}, {"start": "00:07:19", "end": "00:07:21", "text": "coming that would have a significant"}, {"start": "00:07:21", "end": "00:07:25", "text": "impact on Bitcoin or cryptocurrency?"}, {"start": "00:07:25", "end": "00:07:28", "text": "I think the number one thing people"}, {"start": "00:07:28", "end": "00:07:29", "text": "should focus on is Bitcoin just because"}, {"start": "00:07:29", "end": "00:07:32", "text": "it is digital gold and in a world where"}, {"start": "00:07:32", "end": "00:07:33", "text": "inflation's never going to end. They're"}, {"start": "00:07:33", "end": "00:07:35", "text": "never going to stop printing money. The"}, {"start": "00:07:35", "end": "00:07:37", "text": "debt is uncontrollable. How do we get"}, {"start": "00:07:37", "end": "00:07:38", "text": "out of that? They're going to be forced"}, {"start": "00:07:38", "end": "00:07:40", "text": "to print. You want a digital store of"}, {"start": "00:07:40", "end": "00:07:42", "text": "value like Bitcoin if we're looking at"}, {"start": "00:07:42", "end": "00:07:44", "text": "other things. I think the stable coin"}, {"start": "00:07:44", "end": "00:07:46", "text": "narrative is something that's being"}, {"start": "00:07:46", "end": "00:07:48", "text": "adopted by central banks and financial"}, {"start": "00:07:48", "end": "00:07:51", "text": "behemoths globally and that's being"}, {"start": "00:07:51", "end": "00:07:54", "text": "built on Ethereum and Solana. If someone"}, {"start": "00:07:54", "end": "00:07:58", "text": "is totally, you know, like I'm I don't"}, {"start": "00:07:58", "end": "00:08:00", "text": "know what these kids are talking about."}, {"start": "00:08:00", "end": "00:08:03", "text": "I I'm, you know, not not even trying to"}, {"start": "00:08:03", "end": "00:08:06", "text": "How do you How do you get them on board?"}, {"start": "00:08:06", "end": "00:08:08", "text": "What do you say to someone who is"}, {"start": "00:08:08", "end": "00:08:10", "text": "fundamentally against cryptocurrency and"}, {"start": "00:08:10", "end": "00:08:15", "text": "Bitcoin? How do you get them to to be a"}, {"start": "00:08:15", "end": "00:08:16", "text": "believer?"}, {"start": "00:08:16", "end": "00:08:19", "text": "I think I would focus on the people that"}, {"start": "00:08:19", "end": "00:08:20", "text": "are interested because I think it's"}, {"start": "00:08:20", "end": "00:08:22", "text": "number one sort of a generational thing."}, {"start": "00:08:22", "end": "00:08:24", "text": "The older generation loves gold. The"}, {"start": "00:08:24", "end": "00:08:26", "text": "younger generation only growing up in"}, {"start": "00:08:26", "end": "00:08:28", "text": "the digital age wants a digital store of"}, {"start": "00:08:28", "end": "00:08:30", "text": "value. They like digital currency. I"}, {"start": "00:08:30", "end": "00:08:32", "text": "would say right now companies like"}, {"start": "00:08:32", "end": "00:08:35", "text": "Coinbase, other big blue chip crypto"}, {"start": "00:08:35", "end": "00:08:38", "text": "companies in the S&P 500, meaning a lot"}, {"start": "00:08:38", "end": "00:08:39", "text": "of those people that don't even"}, {"start": "00:08:39", "end": "00:08:41", "text": "necessarily know crypto, they're forced"}, {"start": "00:08:41", "end": "00:08:42", "text": "to invest in crypto companies if they're"}, {"start": "00:08:42", "end": "00:08:46", "text": "in indexes like the S&P 500. Um, I think"}, {"start": "00:08:46", "end": "00:08:48", "text": "the biggest thing is what is the"}, {"start": "00:08:48", "end": "00:08:52", "text": "solution for the global uh fiscal"}, {"start": "00:08:52", "end": "00:08:54", "text": "irresponsibility of central banks and"}, {"start": "00:08:54", "end": "00:08:56", "text": "governments everywhere? You need to"}, {"start": "00:08:56", "end": "00:08:57", "text": "store value. I think we're going to"}, {"start": "00:08:57", "end": "00:09:02", "text": "start to see hard assets take up more uh"}, {"start": "00:09:02", "end": "00:09:04", "text": "absorb more of that inflation. And I"}, {"start": "00:09:04", "end": "00:09:05", "text": "think you got to ask yourself, do you"}, {"start": "00:09:05", "end": "00:09:07", "text": "think the world is getting more digital"}, {"start": "00:09:07", "end": "00:09:09", "text": "in the next 10 plus years or less"}, {"start": "00:09:09", "end": "00:09:12", "text": "digital? I personally think the world is"}, {"start": "00:09:12", "end": "00:09:14", "text": "getting more digital and that means a"}, {"start": "00:09:14", "end": "00:09:16", "text": "digital store value is not going away."}, {"start": "00:09:16", "end": "00:09:17", "text": "In fact, it's only getting more"}, {"start": "00:09:17", "end": "00:09:17", "text": "relevant."}, {"start": "00:09:17", "end": "00:09:18", "text": "All right. And what are some best"}, {"start": "00:09:18", "end": "00:09:21", "text": "practices? Uh leave us on a note of what"}, {"start": "00:09:21", "end": "00:09:23", "text": "what are the best practices if you are"}, {"start": "00:09:23", "end": "00:09:26", "text": "looking to to jump in."}, {"start": "00:09:26", "end": "00:09:28", "text": "Oh man, this is something great"}, {"start": "00:09:28", "end": "00:09:30", "text": "question. We talk about this on Altcoin"}, {"start": "00:09:30", "end": "00:09:31", "text": "Daily which again you can find on X on"}, {"start": "00:09:31", "end": "00:09:33", "text": "YouTube global audience. Although we"}, {"start": "00:09:33", "end": "00:09:35", "text": "love Chicago in the Midwest. I'm from"}, {"start": "00:09:35", "end": "00:09:38", "text": "the Midwest. Um I would say two things."}, {"start": "00:09:38", "end": "00:09:40", "text": "Never invest more than you're willing to"}, {"start": "00:09:40", "end": "00:09:42", "text": "lose. This is an incredibly volatile"}, {"start": "00:09:42", "end": "00:09:44", "text": "market, which means you're going to have"}, {"start": "00:09:44", "end": "00:09:47", "text": "to be a long-term investor and weather"}, {"start": "00:09:47", "end": "00:09:48", "text": "that volatility. So, understand what"}, {"start": "00:09:48", "end": "00:09:50", "text": "you're getting into. And number two, and"}, {"start": "00:09:50", "end": "00:09:52", "text": "this is something that I still have to"}, {"start": "00:09:52", "end": "00:09:55", "text": "remind myself regularly, is take emotion"}, {"start": "00:09:55", "end": "00:09:57", "text": "out of investing. If you've done the"}, {"start": "00:09:57", "end": "00:09:59", "text": "homework and you have an investor's"}, {"start": "00:09:59", "end": "00:10:00", "text": "thesis on where you think it'll be, you"}, {"start": "00:10:00", "end": "00:10:03", "text": "know, years from now, then you like dips"}, {"start": "00:10:03", "end": "00:10:05", "text": "like this. They're buying opportunities."}, {"start": "00:10:05", "end": "00:10:07", "text": "and understand where the market, the"}, {"start": "00:10:07", "end": "00:10:09", "text": "story, the narrative is going, you know,"}, {"start": "00:10:09", "end": "00:10:11", "text": "one to four years from now, 10 years"}, {"start": "00:10:11", "end": "00:10:13", "text": "from now. That's what I look at."}, {"start": "00:10:13", "end": "00:10:15", "text": "Wow. All right. A lot to wrap our brains"}, {"start": "00:10:15", "end": "00:10:18", "text": "around right now. Thank you so much. I"}, {"start": "00:10:18", "end": "00:10:20", "text": "appreciate it, Austin."}, {"start": "00:10:20", "end": "00:10:21", "text": "Appreciate you."}, {"start": "00:10:21", "end": "00:10:23", "text": "Okay. Take care. It's just about 3:15,"}, {"start": "00:10:23", "end": "00:10:27", "text": "everyone. Let's take a quick break."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "This error is actually essentially a"}, {"start": "00:00:02", "end": "00:00:03", "text": "bug, you know, a code error."}, {"start": "00:00:03", "end": "00:00:06", "text": "Crypto expert Tom Lee has just"}, {"start": "00:00:06", "end": "00:00:09", "text": "disclosed. He says Bitcoin, Ethereum,"}, {"start": "00:00:09", "end": "00:00:11", "text": "and crypto are crashing due to a"}, {"start": "00:00:11", "end": "00:00:14", "text": "software bug, and if prices fall,"}, {"start": "00:00:14", "end": "00:00:16", "text": "they've got to then do more selling."}, {"start": "00:00:16", "end": "00:00:17", "text": "If you have a friend or family member"}, {"start": "00:00:17", "end": "00:00:20", "text": "invested in crypto, highly recommend you"}, {"start": "00:00:20", "end": "00:00:22", "text": "send him or her this video. This affects"}, {"start": "00:00:22", "end": "00:00:22", "text": "them."}, {"start": "00:00:22", "end": "00:00:24", "text": "You know, I think the crypto market has"}, {"start": "00:00:24", "end": "00:00:27", "text": "been limping along since October 10th."}, {"start": "00:00:27", "end": "00:00:30", "text": "And just as a reminder, Tom Lee is about"}, {"start": "00:00:30", "end": "00:00:32", "text": "to go into this and then we'll react to"}, {"start": "00:00:32", "end": "00:00:35", "text": "it, but Tom Lee says this bug in the"}, {"start": "00:00:35", "end": "00:00:38", "text": "system in the code all started with the"}, {"start": "00:00:38", "end": "00:00:40", "text": "October 10th flush out."}, {"start": "00:00:40", "end": "00:00:42", "text": "I mean, crypto had a huge deleveraging"}, {"start": "00:00:42", "end": "00:00:44", "text": "event on October 10th and that was the"}, {"start": "00:00:44", "end": "00:00:46", "text": "biggest liquidation event in 5 years for"}, {"start": "00:00:46", "end": "00:00:47", "text": "crypto"}, {"start": "00:00:47", "end": "00:00:49", "text": "and now it's all starting to make sense."}, {"start": "00:00:49", "end": "00:00:51", "text": "Here's why Tom Lee says the crypto"}, {"start": "00:00:51", "end": "00:00:53", "text": "market continues to tank. You know, I"}, {"start": "00:00:53", "end": "00:00:56", "text": "think the crypto market has been limping"}, {"start": "00:00:56", "end": "00:00:59", "text": "along since October 10th because on that"}, {"start": "00:00:59", "end": "00:01:02", "text": "date was a negative shock. I mean,"}, {"start": "00:01:02", "end": "00:01:04", "text": "today's stock market looks a lot like an"}, {"start": "00:01:04", "end": "00:01:06", "text": "echo of what happened October 10th. But"}, {"start": "00:01:06", "end": "00:01:08", "text": "on October 10th, that liquidation was so"}, {"start": "00:01:08", "end": "00:01:12", "text": "big, Brian, it really crippled market"}, {"start": "00:01:12", "end": "00:01:14", "text": "makers. And now market makers are"}, {"start": "00:01:14", "end": "00:01:16", "text": "critical in crypto because they provide"}, {"start": "00:01:16", "end": "00:01:18", "text": "liquidity. I mean, they act almost as"}, {"start": "00:01:18", "end": "00:01:20", "text": "the central bank in crypto. And if"}, {"start": "00:01:20", "end": "00:01:22", "text": "they've got a hole in their balance"}, {"start": "00:01:22", "end": "00:01:24", "text": "sheet that they need to raise capital"}, {"start": "00:01:24", "end": "00:01:27", "text": "for, they need to reflexively reduce"}, {"start": "00:01:27", "end": "00:01:31", "text": "their balance sheet, reduce trading. Um,"}, {"start": "00:01:31", "end": "00:01:33", "text": "and if prices fall, they've got to then"}, {"start": "00:01:33", "end": "00:01:35", "text": "do more selling. So, I think that this"}, {"start": "00:01:35", "end": "00:01:38", "text": "drip that's been taking place for the"}, {"start": "00:01:38", "end": "00:01:41", "text": "last few weeks in crypto reflects this"}, {"start": "00:01:41", "end": "00:01:44", "text": "market maker crippling. And so, in 2022,"}, {"start": "00:01:44", "end": "00:01:47", "text": "it took eight weeks uh for that to"}, {"start": "00:01:47", "end": "00:01:49", "text": "really get flushed out. We're only 6"}, {"start": "00:01:49", "end": "00:01:50", "text": "weeks into it."}, {"start": "00:01:50", "end": "00:01:53", "text": "So, the October 10th leverage flush out"}, {"start": "00:01:53", "end": "00:01:56", "text": "was not a normal crypto crash. Much like"}, {"start": "00:01:56", "end": "00:01:58", "text": "when Teral Luna, this was back before"}, {"start": "00:01:58", "end": "00:02:02", "text": "the FTX collapse back in 2022. Much like"}, {"start": "00:02:02", "end": "00:02:05", "text": "when Teral Luna had that huge crypto"}, {"start": "00:02:05", "end": "00:02:07", "text": "collapse and flushed out the market,"}, {"start": "00:02:07", "end": "00:02:10", "text": "that wasn't the end. It was the start of"}, {"start": "00:02:10", "end": "00:02:12", "text": "the beginning because this broke"}, {"start": "00:02:12", "end": "00:02:14", "text": "something. People were levered up and we"}, {"start": "00:02:14", "end": "00:02:17", "text": "had an unwind to go through. A market"}, {"start": "00:02:17", "end": "00:02:20", "text": "maker, like the name suggests, makes the"}, {"start": "00:02:20", "end": "00:02:22", "text": "market, finds the sellers with the"}, {"start": "00:02:22", "end": "00:02:24", "text": "buyers, matches them up, makes sure"}, {"start": "00:02:24", "end": "00:02:27", "text": "there's liquidity in that pair market."}, {"start": "00:02:27", "end": "00:02:29", "text": "And it's very interesting to think about"}, {"start": "00:02:29", "end": "00:02:31", "text": "that just a few days earlier, Bitcoin"}, {"start": "00:02:31", "end": "00:02:34", "text": "was hitting all-time highs, and then"}, {"start": "00:02:34", "end": "00:02:36", "text": "this flush out, which wasn't like the"}, {"start": "00:02:36", "end": "00:02:39", "text": "other crashes, changed something. And"}, {"start": "00:02:39", "end": "00:02:42", "text": "Tom Lee suggests it's a bug in the code."}, {"start": "00:02:42", "end": "00:02:43", "text": "He literally says this."}, {"start": "00:02:43", "end": "00:02:46", "text": "All right, take us back. So October 6th,"}, {"start": "00:02:46", "end": "00:02:49", "text": "I think it was October 6th or 7th,"}, {"start": "00:02:49", "end": "00:02:52", "text": "Bitcoin hit 125,000. Yeah. A couple days"}, {"start": "00:02:52", "end": "00:02:56", "text": "later, it was still around 120,000."}, {"start": "00:02:56", "end": "00:02:57", "text": "Now, obviously, Bitcoin's at 86 and"}, {"start": "00:02:57", "end": "00:03:00", "text": "change. So, what specifically occurred"}, {"start": "00:03:00", "end": "00:03:03", "text": "on or around October 10th that would"}, {"start": "00:03:03", "end": "00:03:06", "text": "lead us to where we are now on what,"}, {"start": "00:03:06", "end": "00:03:08", "text": "November 20th?"}, {"start": "00:03:08", "end": "00:03:10", "text": "Yeah. Well, Steve actually pointed this"}, {"start": "00:03:10", "end": "00:03:12", "text": "out. There's a lot of what they call"}, {"start": "00:03:12", "end": "00:03:15", "text": "automated processes in crypto. One of"}, {"start": "00:03:15", "end": "00:03:18", "text": "them is called ADLK and that's an"}, {"start": "00:03:18", "end": "00:03:20", "text": "automatic liquidation feature that would"}, {"start": "00:03:20", "end": "00:03:23", "text": "take place if someone's account or their"}, {"start": "00:03:23", "end": "00:03:25", "text": "collateral drops in price. It's"}, {"start": "00:03:25", "end": "00:03:29", "text": "essentially like a margin call. Um on a"}, {"start": "00:03:29", "end": "00:03:32", "text": "specific exchange, a stable coin's price"}, {"start": "00:03:32", "end": "00:03:35", "text": "varied from other exchanges. It actually"}, {"start": "00:03:35", "end": "00:03:36", "text": "stable coin should stay at a dollar. It"}, {"start": "00:03:36", "end": "00:03:39", "text": "dropped to 65. And the stable coin"}, {"start": "00:03:39", "end": "00:03:40", "text": "specifically that he's referring to that"}, {"start": "00:03:40", "end": "00:03:44", "text": "started all this was Athena's USDE"}, {"start": "00:03:44", "end": "00:03:47", "text": "stable coin specifically on the Binance"}, {"start": "00:03:47", "end": "00:03:50", "text": "exchange. This is how it started. The"}, {"start": "00:03:50", "end": "00:03:53", "text": "Binance flash crash. The price on"}, {"start": "00:03:53", "end": "00:03:56", "text": "October 10th briefly plunged for Athena"}, {"start": "00:03:56", "end": "00:03:59", "text": "stablecoin to around 65. Now, it has"}, {"start": "00:03:59", "end": "00:04:01", "text": "since recovered pretty much, but one"}, {"start": "00:04:01", "end": "00:04:04", "text": "could argue this was sort of to a much"}, {"start": "00:04:04", "end": "00:04:06", "text": "smaller scale because Teral Luna was a"}, {"start": "00:04:06", "end": "00:04:09", "text": "Ponzi scheme scam. They just had a"}, {"start": "00:04:09", "end": "00:04:12", "text": "little DPEG. Athena's DPEG was the"}, {"start": "00:04:12", "end": "00:04:15", "text": "initial event because if you had stable"}, {"start": "00:04:15", "end": "00:04:17", "text": "coins which are supposed to be stable as"}, {"start": "00:04:17", "end": "00:04:19", "text": "your collateral collateral and then"}, {"start": "00:04:19", "end": "00:04:21", "text": "suddenly your collateral which is"}, {"start": "00:04:21", "end": "00:04:24", "text": "supposed to stay the same value dips by"}, {"start": "00:04:24", "end": "00:04:26", "text": "40%"}, {"start": "00:04:26", "end": "00:04:28", "text": "then you're going to be forced to"}, {"start": "00:04:28", "end": "00:04:30", "text": "liquidate because you couldn't uh back"}, {"start": "00:04:30", "end": "00:04:33", "text": "up your collateral in time and the"}, {"start": "00:04:33", "end": "00:04:35", "text": "automatic Tommy is saying the automatic"}, {"start": "00:04:35", "end": "00:04:38", "text": "systems automatically liquidated you."}, {"start": "00:04:38", "end": "00:04:40", "text": "Stable coin should stay at a dollar. It"}, {"start": "00:04:40", "end": "00:04:42", "text": "dropped to 65, but that only happened"}, {"start": "00:04:42", "end": "00:04:45", "text": "within the exchange quotes within this"}, {"start": "00:04:45", "end": "00:04:47", "text": "exchange because of liquidity. That"}, {"start": "00:04:47", "end": "00:04:49", "text": "triggered an ADL, an automatic"}, {"start": "00:04:49", "end": "00:04:51", "text": "liquidation across many accounts. It"}, {"start": "00:04:51", "end": "00:04:54", "text": "wiped out as that spread across other"}, {"start": "00:04:54", "end": "00:04:56", "text": "exchanges, right? Because liquidations"}, {"start": "00:04:56", "end": "00:04:58", "text": "cascade, almost 2 million crypto"}, {"start": "00:04:58", "end": "00:05:01", "text": "accounts got wiped out even though"}, {"start": "00:05:01", "end": "00:05:02", "text": "minutes before they were actually"}, {"start": "00:05:02", "end": "00:05:04", "text": "profitable accounts."}, {"start": "00:05:04", "end": "00:05:06", "text": "So, who who is behind this? Like who's"}, {"start": "00:05:06", "end": "00:05:10", "text": "the they in the market makers and they"}, {"start": "00:05:10", "end": "00:05:13", "text": "got hit. Who's the they?"}, {"start": "00:05:13", "end": "00:05:16", "text": "Well, you know, Brian, I'm I I am aware"}, {"start": "00:05:16", "end": "00:05:19", "text": "of names, but because uh you know, I'm"}, {"start": "00:05:19", "end": "00:05:22", "text": "not someone who wants to name names. Uh"}, {"start": "00:05:22", "end": "00:05:23", "text": "I think what you should keep in mind is"}, {"start": "00:05:23", "end": "00:05:25", "text": "that the this error is actually"}, {"start": "00:05:25", "end": "00:05:28", "text": "essentially a bug you know a code error"}, {"start": "00:05:28", "end": "00:05:30", "text": "because they I think in retrospect they"}, {"start": "00:05:30", "end": "00:05:32", "text": "would have pulled pricing from across"}, {"start": "00:05:32", "end": "00:05:34", "text": "exchanges to set the price for that"}, {"start": "00:05:34", "end": "00:05:36", "text": "stable coin rather than rely on internal"}, {"start": "00:05:36", "end": "00:05:41", "text": "quotes. Um so but this has resulted in a"}, {"start": "00:05:41", "end": "00:05:43", "text": "lot of market makers and traders having"}, {"start": "00:05:43", "end": "00:05:45", "text": "less capital and as you know as crypto"}, {"start": "00:05:45", "end": "00:05:48", "text": "prices drift lower because trading"}, {"start": "00:05:48", "end": "00:05:51", "text": "volumes drop they need to then have more"}, {"start": "00:05:51", "end": "00:05:53", "text": "capital available which means they"}, {"start": "00:05:53", "end": "00:05:54", "text": "shrink their balance sheet further. So"}, {"start": "00:05:54", "end": "00:05:56", "text": "this is then that reflexive okay"}, {"start": "00:05:56", "end": "00:05:57", "text": "weakening."}, {"start": "00:05:57", "end": "00:05:58", "text": "Um"}, {"start": "00:05:58", "end": "00:06:00", "text": "I hate let me let me go I want to go"}, {"start": "00:06:00", "end": "00:06:01", "text": "back to this point Tom. I hate the term"}, {"start": "00:06:01", "end": "00:06:03", "text": "glitch. I can't stand the term glitch"}, {"start": "00:06:03", "end": "00:06:05", "text": "cuz you know things go down at the"}, {"start": "00:06:05", "end": "00:06:06", "text": "airport and they say, \"Well, a glitch"}, {"start": "00:06:06", "end": "00:06:07", "text": "cause your flight to not take off.\""}, {"start": "00:06:07", "end": "00:06:09", "text": "That's that's not a glitch. That's more"}, {"start": "00:06:09", "end": "00:06:11", "text": "than a glitch. It's a word that is used"}, {"start": "00:06:11", "end": "00:06:14", "text": "to describe pretty serious automation"}, {"start": "00:06:14", "end": "00:06:17", "text": "issues, software problems, crashes for"}, {"start": "00:06:17", "end": "00:06:19", "text": "some reason that they try to minimize."}, {"start": "00:06:19", "end": "00:06:24", "text": "Is this some kind of a a software bug"}, {"start": "00:06:24", "end": "00:06:26", "text": "that's causing part of this? I'm trying"}, {"start": "00:06:26", "end": "00:06:28", "text": "to follow exactly what you're hinting"}, {"start": "00:06:28", "end": "00:06:30", "text": "around about."}, {"start": "00:06:30", "end": "00:06:32", "text": "Uh yeah, I mean Brian it is. I mean uh"}, {"start": "00:06:32", "end": "00:06:35", "text": "for instance in 1987"}, {"start": "00:06:35", "end": "00:06:38", "text": "portfolio insurance was the quote glitch"}, {"start": "00:06:38", "end": "00:06:42", "text": "and that triggered the cascade in 1987"}, {"start": "00:06:42", "end": "00:06:45", "text": "and so the industry learned uh and then"}, {"start": "00:06:45", "end": "00:06:48", "text": "never offered that again. You know in"}, {"start": "00:06:48", "end": "00:06:49", "text": "2009"}, {"start": "00:06:49", "end": "00:06:53", "text": "it was really that the collateral wasn't"}, {"start": "00:06:53", "end": "00:06:55", "text": "secure in real estate in these packaged"}, {"start": "00:06:55", "end": "00:06:58", "text": "subprime mortgages. Now, the industry"}, {"start": "00:06:58", "end": "00:07:00", "text": "learned and they recoded that. I'm"}, {"start": "00:07:00", "end": "00:07:02", "text": "talking about Wall Street. But then"}, {"start": "00:07:02", "end": "00:07:03", "text": "regulators came in and like"}, {"start": "00:07:03", "end": "00:07:04", "text": "overregulated. That's that was the"}, {"start": "00:07:04", "end": "00:07:08", "text": "negative effect of that. In crypto, this"}, {"start": "00:07:08", "end": "00:07:11", "text": "code of ADL and the way they pull prices"}, {"start": "00:07:11", "end": "00:07:13", "text": "never going to happen again. The good"}, {"start": "00:07:13", "end": "00:07:14", "text": "news is we're not going to have"}, {"start": "00:07:14", "end": "00:07:17", "text": "overregulation in crypto, but but now we"}, {"start": "00:07:17", "end": "00:07:18", "text": "have to deal with that liquidation"}, {"start": "00:07:18", "end": "00:07:22", "text": "effect. 2022 was a big liquidation and"}, {"start": "00:07:22", "end": "00:07:25", "text": "it took 8 weeks. So essentially what Tom"}, {"start": "00:07:25", "end": "00:07:26", "text": "Lee is saying, and by the way, the"}, {"start": "00:07:26", "end": "00:07:29", "text": "likes, the views are exploding on this"}, {"start": "00:07:29", "end": "00:07:31", "text": "specific video because investors don't"}, {"start": "00:07:31", "end": "00:07:33", "text": "know about this. They need to know about"}, {"start": "00:07:33", "end": "00:07:35", "text": "this. If you have a friend invested in"}, {"start": "00:07:35", "end": "00:07:38", "text": "crypto, send them this video. It could"}, {"start": "00:07:38", "end": "00:07:40", "text": "save their life or make them at least"}, {"start": "00:07:40", "end": "00:07:42", "text": "understand. And by the way, Altcoin"}, {"start": "00:07:42", "end": "00:07:47", "text": "Daily is so so close to hitting 1.7"}, {"start": "00:07:47", "end": "00:07:49", "text": "million subscribers. It's completely"}, {"start": "00:07:49", "end": "00:07:51", "text": "free. It costs you nothing. And we share"}, {"start": "00:07:51", "end": "00:07:53", "text": "with you these breakdowns every single"}, {"start": "00:07:53", "end": "00:07:56", "text": "day. If you want an edge investing in"}, {"start": "00:07:56", "end": "00:07:58", "text": "cryptocurrency, click subscribe because"}, {"start": "00:07:58", "end": "00:08:01", "text": "what Tom Lee is essentially saying is"}, {"start": "00:08:01", "end": "00:08:03", "text": "there was nothing wrong with any of the"}, {"start": "00:08:03", "end": "00:08:06", "text": "underlying protocols. Bitcoin, Ethereum,"}, {"start": "00:08:06", "end": "00:08:09", "text": "Cardano, Solana, all working as"}, {"start": "00:08:09", "end": "00:08:11", "text": "intended. They are not glitching at all."}, {"start": "00:08:11", "end": "00:08:14", "text": "It's the processes of the traders, the"}, {"start": "00:08:14", "end": "00:08:16", "text": "market makers, the companies built on"}, {"start": "00:08:16", "end": "00:08:18", "text": "top of them. And he says a lot of this"}, {"start": "00:08:18", "end": "00:08:21", "text": "stuff is automated. And when they saw"}, {"start": "00:08:21", "end": "00:08:24", "text": "Athena's price or they just uh got"}, {"start": "00:08:24", "end": "00:08:26", "text": "notified that a lot of people's"}, {"start": "00:08:26", "end": "00:08:30", "text": "collateral collateral was suddenly 40%"}, {"start": "00:08:30", "end": "00:08:32", "text": "less. All this automated stuff just"}, {"start": "00:08:32", "end": "00:08:34", "text": "said, \"Oh, we need to liquidate these"}, {"start": "00:08:34", "end": "00:08:37", "text": "traders. That's a bad bet.\" And they"}, {"start": "00:08:37", "end": "00:08:39", "text": "didn't and the ADLs didn't specifically"}, {"start": "00:08:39", "end": "00:08:42", "text": "read, \"Oh, it's a technical thing that a"}, {"start": "00:08:42", "end": "00:08:44", "text": "human would see. It's it's a technical"}, {"start": "00:08:44", "end": "00:08:45", "text": "thing and actually nothing's really"}, {"start": "00:08:45", "end": "00:08:48", "text": "wrong. This got updated immediately.\""}, {"start": "00:08:48", "end": "00:08:50", "text": "yet all the traders still got liquidated"}, {"start": "00:08:50", "end": "00:08:52", "text": "and that caused the issue. Tom Lee says"}, {"start": "00:08:52", "end": "00:08:54", "text": "that the glitch, the bug that needs to"}, {"start": "00:08:54", "end": "00:08:56", "text": "be fixed is to make sure those ADLs or"}, {"start": "00:08:56", "end": "00:08:59", "text": "the market makers aren't reading uh just"}, {"start": "00:08:59", "end": "00:09:02", "text": "one price feed on one specific exchange."}, {"start": "00:09:02", "end": "00:09:04", "text": "Why not take the aggregate of all"}, {"start": "00:09:04", "end": "00:09:06", "text": "exchanges? I don't want to sound like a"}, {"start": "00:09:06", "end": "00:09:08", "text": "broken record, but to me, this is a"}, {"start": "00:09:08", "end": "00:09:10", "text": "buying opportunity"}, {"start": "00:09:10", "end": "00:09:12", "text": "understanding that nothing is"}, {"start": "00:09:12", "end": "00:09:13", "text": "fundamentally wrong with the underlying"}, {"start": "00:09:13", "end": "00:09:15", "text": "technology."}, {"start": "00:09:15", "end": "00:09:17", "text": "It's just sort of a mini black swan"}, {"start": "00:09:17", "end": "00:09:20", "text": "event that caused this leverage flesh"}, {"start": "00:09:20", "end": "00:09:22", "text": "out and now a lot of these market makers"}, {"start": "00:09:22", "end": "00:09:24", "text": "are underwater cuz a lot of their people"}, {"start": "00:09:24", "end": "00:09:25", "text": "got collateralized and they're forced"}, {"start": "00:09:25", "end": "00:09:27", "text": "sellers. But now we have to deal with"}, {"start": "00:09:27", "end": "00:09:30", "text": "that liquidation effect. 2022 was a big"}, {"start": "00:09:30", "end": "00:09:32", "text": "liquidation and it took 8 weeks."}, {"start": "00:09:32", "end": "00:09:34", "text": "It just means a buying opportunity to"}, {"start": "00:09:34", "end": "00:09:36", "text": "me. I will be reading if you made it to"}, {"start": "00:09:36", "end": "00:09:39", "text": "the end of this video. Comment grape"}, {"start": "00:09:39", "end": "00:09:41", "text": "purple grape to let me know you made it"}, {"start": "00:09:41", "end": "00:09:44", "text": "this far. I'll be responding to as many"}, {"start": "00:09:44", "end": "00:09:46", "text": "comments as I"}]

[{"start": "00:00:00", "end": "00:00:01", "text": "I look at this as a great buying"}, {"start": "00:00:01", "end": "00:00:03", "text": "opportunity for long-term investors."}, {"start": "00:00:03", "end": "00:00:06", "text": "Most people are not ready for what comes"}, {"start": "00:00:06", "end": "00:00:09", "text": "next with crypto. Bitcoin is entering"}, {"start": "00:00:09", "end": "00:00:12", "text": "its most chaotic moment yet. Ethereum,"}, {"start": "00:00:12", "end": "00:00:16", "text": "too. In fact, this could be the most"}, {"start": "00:00:16", "end": "00:00:20", "text": "important moment for crypto since 2020."}, {"start": "00:00:20", "end": "00:00:22", "text": "And how significant would you say Abu"}, {"start": "00:00:22", "end": "00:00:24", "text": "Dhabi Investment Council's move into the"}, {"start": "00:00:24", "end": "00:00:25", "text": "crypto sector is?"}, {"start": "00:00:25", "end": "00:00:28", "text": "My name is Aaron. This is Altcoin Daily."}, {"start": "00:00:28", "end": "00:00:30", "text": "If you're interested in making money in"}, {"start": "00:00:30", "end": "00:00:33", "text": "crypto, make sure you subscribe. Now is"}, {"start": "00:00:33", "end": "00:00:35", "text": "the time you should be thinking about"}, {"start": "00:00:35", "end": "00:00:38", "text": "adding more, not selling. Many Altcoin"}, {"start": "00:00:38", "end": "00:00:40", "text": "Daily subscribers have been commenting"}, {"start": "00:00:40", "end": "00:00:43", "text": "and asking me, should I sell at 90K?"}, {"start": "00:00:43", "end": "00:00:46", "text": "Could it go lower? This is the number"}, {"start": "00:00:46", "end": "00:00:48", "text": "one biggest mistake I see new people"}, {"start": "00:00:48", "end": "00:00:51", "text": "making in crypto. If you trade crypto"}, {"start": "00:00:51", "end": "00:00:54", "text": "and you swing trade like this, the time"}, {"start": "00:00:54", "end": "00:00:56", "text": "to sell was up here. The time to sell"}, {"start": "00:00:56", "end": "00:00:58", "text": "was up here. A lot of people say, \"Go"}, {"start": "00:00:58", "end": "00:00:59", "text": "into stables right now. Go into"}, {"start": "00:00:59", "end": "00:01:03", "text": "stables.\" I would not do that because"}, {"start": "00:01:03", "end": "00:01:07", "text": "the fact is we've already seen a 30%"}, {"start": "00:01:07", "end": "00:01:09", "text": "drop. This is part for the course in"}, {"start": "00:01:09", "end": "00:01:12", "text": "crypto. And usually this is near the the"}, {"start": "00:01:12", "end": "00:01:14", "text": "lows than it is the highs. So I think"}, {"start": "00:01:14", "end": "00:01:16", "text": "now is the time to be buying, not"}, {"start": "00:01:16", "end": "00:01:19", "text": "selling. However, a lot of people are"}, {"start": "00:01:19", "end": "00:01:21", "text": "selling. New data has now revealed that"}, {"start": "00:01:21", "end": "00:01:24", "text": "it is Black Rockck which is unloading"}, {"start": "00:01:24", "end": "00:01:26", "text": "hard. They're selling their Bitcoin. and"}, {"start": "00:01:26", "end": "00:01:28", "text": "they're selling their Ethereum. For"}, {"start": "00:01:28", "end": "00:01:30", "text": "nearly a week, they've been selling off"}, {"start": "00:01:30", "end": "00:01:33", "text": "their Bitcoin and ETH spot ETFs, driving"}, {"start": "00:01:33", "end": "00:01:35", "text": "the bulk of the recent outflows."}, {"start": "00:01:35", "end": "00:01:38", "text": "Yesterday alone, they dumped 523"}, {"start": "00:01:38", "end": "00:01:40", "text": "million, one of the largest single day"}, {"start": "00:01:40", "end": "00:01:43", "text": "sales ever. I do want to make note that"}, {"start": "00:01:43", "end": "00:01:45", "text": "if you zoom out, the charts look up and"}, {"start": "00:01:45", "end": "00:01:48", "text": "to the right. There is net more people"}, {"start": "00:01:48", "end": "00:01:50", "text": "buying Black Rocks ETF than selling."}, {"start": "00:01:50", "end": "00:01:52", "text": "However, we're seeing hard selling"}, {"start": "00:01:52", "end": "00:01:54", "text": "recently, which is interesting because"}, {"start": "00:01:54", "end": "00:01:57", "text": "AI company Nvidia, Nvidia is basically"}, {"start": "00:01:57", "end": "00:01:59", "text": "the stock market, they announced"}, {"start": "00:01:59", "end": "00:02:02", "text": "quarterly revenue of 56 billion. The"}, {"start": "00:02:02", "end": "00:02:04", "text": "important note is they beat"}, {"start": "00:02:04", "end": "00:02:07", "text": "expectations. So, why is Black Rockck"}, {"start": "00:02:07", "end": "00:02:09", "text": "selling? Why are people selling? I think"}, {"start": "00:02:09", "end": "00:02:11", "text": "it's important to note that for every"}, {"start": "00:02:11", "end": "00:02:13", "text": "seller, there is an equal and opposite"}, {"start": "00:02:13", "end": "00:02:16", "text": "buyer. When people were selling Bitcoin"}, {"start": "00:02:16", "end": "00:02:18", "text": "at $5,000, there were a lot of people"}, {"start": "00:02:18", "end": "00:02:22", "text": "buying Bitcoin at $5,000. I say that to"}, {"start": "00:02:22", "end": "00:02:24", "text": "you because then the question becomes,"}, {"start": "00:02:24", "end": "00:02:27", "text": "well, who is buying at these levels? Do"}, {"start": "00:02:27", "end": "00:02:30", "text": "we know who's buying at these levels?"}, {"start": "00:02:30", "end": "00:02:32", "text": "Yes, we know some entities which are"}, {"start": "00:02:32", "end": "00:02:34", "text": "buying at these levels. First of all,"}, {"start": "00:02:34", "end": "00:02:38", "text": "the UAE Sovereign Wealth Fund, Alarda,"}, {"start": "00:02:38", "end": "00:02:40", "text": "just told Bloomberg that Bitcoin is"}, {"start": "00:02:40", "end": "00:02:42", "text": "quote playing an important role"}, {"start": "00:02:42", "end": "00:02:45", "text": "alongside gold. We expect to hold our"}, {"start": "00:02:45", "end": "00:02:48", "text": "Bitcoin long-term. This will echo"}, {"start": "00:02:48", "end": "00:02:50", "text": "globally. It is certainly echoing in the"}, {"start": "00:02:50", "end": "00:02:52", "text": "Middle East as breaking news. Saudi"}, {"start": "00:02:52", "end": "00:02:55", "text": "Arabia announced they're mining Bitcoin."}, {"start": "00:02:55", "end": "00:02:58", "text": "BlackRock is certainly found some buyers"}, {"start": "00:02:58", "end": "00:03:00", "text": "and we do know Larry Fank's goal with"}, {"start": "00:03:00", "end": "00:03:04", "text": "all this. As I became a student of"}, {"start": "00:03:04", "end": "00:03:08", "text": "crypto, it was very clear to me that"}, {"start": "00:03:08", "end": "00:03:12", "text": "crypto is a currency of fear. And that's"}, {"start": "00:03:12", "end": "00:03:12", "text": "okay"}, {"start": "00:03:12", "end": "00:03:13", "text": "to some extent."}, {"start": "00:03:13", "end": "00:03:16", "text": "Yeah. But no, but that's okay because"}, {"start": "00:03:16", "end": "00:03:18", "text": "you if you're frightened of your"}, {"start": "00:03:18", "end": "00:03:21", "text": "debasement of your your your currency at"}, {"start": "00:03:21", "end": "00:03:24", "text": "your or you're frightened of your"}, {"start": "00:03:24", "end": "00:03:26", "text": "economic or political stability of your"}, {"start": "00:03:26", "end": "00:03:28", "text": "country,"}, {"start": "00:03:28", "end": "00:03:31", "text": "you could have an internationally based"}, {"start": "00:03:31", "end": "00:03:35", "text": "instrument called Bitcoin that will will"}, {"start": "00:03:35", "end": "00:03:40", "text": "overcome those local fears. The question"}, {"start": "00:03:40", "end": "00:03:43", "text": "is, could you see a two or 5%"}, {"start": "00:03:43", "end": "00:03:45", "text": "allocation? I was with a sovereign"}, {"start": "00:03:45", "end": "00:03:48", "text": "wealth fund uh during this week and that"}, {"start": "00:03:48", "end": "00:03:50", "text": "was the conversation. Should we have a"}, {"start": "00:03:50", "end": "00:03:52", "text": "2% allocation? Should we have a 5%"}, {"start": "00:03:52", "end": "00:03:55", "text": "allocation? If everybody adopted that"}, {"start": "00:03:55", "end": "00:03:57", "text": "conversation, but you know it would be"}, {"start": "00:03:57", "end": "00:04:01", "text": "500,000, 600,000, 700,000 per bitcoin."}, {"start": "00:04:01", "end": "00:04:04", "text": "So it doesn't surprise me to see this."}, {"start": "00:04:04", "end": "00:04:07", "text": "Abu Dhabi disclosed they 3xed their"}, {"start": "00:04:07", "end": "00:04:10", "text": "Bitcoin position. you probably have a"}, {"start": "00:04:10", "end": "00:04:12", "text": "Bitcoin position. Are you 3xing it?"}, {"start": "00:04:12", "end": "00:04:15", "text": "Well, Abu Dhabi is. Listen to why."}, {"start": "00:04:15", "end": "00:04:16", "text": "Yeah. So, you can see that they've more"}, {"start": "00:04:16", "end": "00:04:19", "text": "than tripled their position right in the"}, {"start": "00:04:19", "end": "00:04:21", "text": "weeks and months um up to the sell-off."}, {"start": "00:04:21", "end": "00:04:23", "text": "So, you know, it hit a record high in"}, {"start": "00:04:23", "end": "00:04:25", "text": "October and we can see that um they've"}, {"start": "00:04:25", "end": "00:04:27", "text": "tripled their position during the third"}, {"start": "00:04:27", "end": "00:04:29", "text": "quarter. Um they disclosed a position at"}, {"start": "00:04:29", "end": "00:04:31", "text": "the end of September that was worth"}, {"start": "00:04:31", "end": "00:04:34", "text": "around $520 million. And we can see that"}, {"start": "00:04:34", "end": "00:04:35", "text": "this is really going to be a part of"}, {"start": "00:04:35", "end": "00:04:37", "text": "their portfolio going forward. They're"}, {"start": "00:04:37", "end": "00:04:39", "text": "saying that they want to diversify it"}, {"start": "00:04:39", "end": "00:04:40", "text": "and they really see it as the digital"}, {"start": "00:04:40", "end": "00:04:41", "text": "equivalent of gold"}, {"start": "00:04:41", "end": "00:04:43", "text": "when it comes to the Abu Dhabi"}, {"start": "00:04:43", "end": "00:04:45", "text": "Investment Council. Just give us a sense"}, {"start": "00:04:45", "end": "00:04:47", "text": "of how this holding of Bitcoin fits in"}, {"start": "00:04:47", "end": "00:04:49", "text": "with their overall portfolio. What is"}, {"start": "00:04:49", "end": "00:04:52", "text": "their investment strategy?"}, {"start": "00:04:52", "end": "00:04:54", "text": "Yeah, sure. So, they're an invest uh"}, {"start": "00:04:54", "end": "00:04:56", "text": "they're an investment unit of Mubatala."}, {"start": "00:04:56", "end": "00:04:58", "text": "They're kind of run separately, but this"}, {"start": "00:04:58", "end": "00:04:59", "text": "really seems to be part of the overall"}, {"start": "00:04:59", "end": "00:05:02", "text": "strategy by Abu Dhabi and the United"}, {"start": "00:05:02", "end": "00:05:04", "text": "Arab Emirates more generally to become a"}, {"start": "00:05:04", "end": "00:05:07", "text": "hub for crypto as well as just to really"}, {"start": "00:05:07", "end": "00:05:09", "text": "become a player in the markets. You can"}, {"start": "00:05:09", "end": "00:05:11", "text": "see that Mubata itself also has"}, {"start": "00:05:11", "end": "00:05:14", "text": "significant holdings in Bitcoin ETFs."}, {"start": "00:05:14", "end": "00:05:17", "text": "They've set up new funds such as MGX"}, {"start": "00:05:17", "end": "00:05:19", "text": "that have done deals with crypto"}, {"start": "00:05:19", "end": "00:05:21", "text": "exchanges like Binance. And you can"}, {"start": "00:05:21", "end": "00:05:23", "text": "really see that, you know, they see this"}, {"start": "00:05:23", "end": "00:05:24", "text": "as an important long-term"}, {"start": "00:05:24", "end": "00:05:26", "text": "diversification play."}, {"start": "00:05:26", "end": "00:05:28", "text": "And how significant would you say um Abu"}, {"start": "00:05:28", "end": "00:05:30", "text": "Dhabi Investment Council's move into the"}, {"start": "00:05:30", "end": "00:05:33", "text": "crypto sector is, not just for this"}, {"start": "00:05:33", "end": "00:05:36", "text": "entity, but for the region at large?"}, {"start": "00:05:36", "end": "00:05:38", "text": "Yeah. Well, look, it really gives it"}, {"start": "00:05:38", "end": "00:05:39", "text": "growing legitimacy. You know, there's"}, {"start": "00:05:39", "end": "00:05:41", "text": "been a lot of questions about, you know,"}, {"start": "00:05:41", "end": "00:05:43", "text": "institutional interest in it. Is it here"}, {"start": "00:05:43", "end": "00:05:46", "text": "to stay or is it just a fleeting thing?"}, {"start": "00:05:46", "end": "00:05:47", "text": "Um, you know, we do see a lot of"}, {"start": "00:05:47", "end": "00:05:50", "text": "selloffs in the Bitcoin ETFs. uh"}, {"start": "00:05:50", "end": "00:05:52", "text": "recently as investor sentiment has"}, {"start": "00:05:52", "end": "00:05:54", "text": "turned, but it looks like the Abu Dhabi"}, {"start": "00:05:54", "end": "00:05:55", "text": "Investment Council is going to be in it"}, {"start": "00:05:55", "end": "00:05:57", "text": "for the long term. And this just really"}, {"start": "00:05:57", "end": "00:05:59", "text": "gives it legitimacy when uh you know a"}, {"start": "00:05:59", "end": "00:06:02", "text": "stateowned fund uh by one of the richest"}, {"start": "00:06:02", "end": "00:06:04", "text": "countries is plowing some of their"}, {"start": "00:06:04", "end": "00:06:07", "text": "reserve uh money into this. You can see"}, {"start": "00:06:07", "end": "00:06:08", "text": "that this is something that they really"}, {"start": "00:06:08", "end": "00:06:08", "text": "believe in."}, {"start": "00:06:08", "end": "00:06:10", "text": "Hey, by the way, make sure you follow"}, {"start": "00:06:10", "end": "00:06:12", "text": "Altcoin Daily on our Instagram. I'm"}, {"start": "00:06:12", "end": "00:06:14", "text": "going to link our Instagram below. As"}, {"start": "00:06:14", "end": "00:06:16", "text": "you can see, we post behind the scenes"}, {"start": "00:06:16", "end": "00:06:19", "text": "more personal pics as well as memes. The"}, {"start": "00:06:19", "end": "00:06:22", "text": "future for Bitcoin, Ethereum, and Salana"}, {"start": "00:06:22", "end": "00:06:25", "text": "is looking bright. Generational"}, {"start": "00:06:25", "end": "00:06:27", "text": "opportunity, some are saying. Act"}, {"start": "00:06:27", "end": "00:06:31", "text": "quickly before crypto pumps again. $15"}, {"start": "00:06:31", "end": "00:06:35", "text": "billion Bitwise CIO Matt Hogan explains."}, {"start": "00:06:35", "end": "00:06:35", "text": "Listen,"}, {"start": "00:06:35", "end": "00:06:38", "text": "how much of a a long-term buy do you"}, {"start": "00:06:38", "end": "00:06:39", "text": "think this is?"}, {"start": "00:06:39", "end": "00:06:41", "text": "I think it's a a generational"}, {"start": "00:06:41", "end": "00:06:43", "text": "opportunity for long-term investors,"}, {"start": "00:06:43", "end": "00:06:45", "text": "whether you're looking at Bitcoin,"}, {"start": "00:06:45", "end": "00:06:47", "text": "Ethereum, or Salana to double down on"}, {"start": "00:06:47", "end": "00:06:49", "text": "what Tom said about Ethereum"}, {"start": "00:06:49", "end": "00:06:51", "text": "specifically. Look, I think investors"}, {"start": "00:06:51", "end": "00:06:53", "text": "are very nervous broadly about the"}, {"start": "00:06:53", "end": "00:06:56", "text": "economy, about AI valuations, about"}, {"start": "00:06:56", "end": "00:06:58", "text": "tariffs, about the broad economy. You"}, {"start": "00:06:58", "end": "00:07:00", "text": "want to look for secular trends that are"}, {"start": "00:07:00", "end": "00:07:02", "text": "decoupled from that. I think regardless"}, {"start": "00:07:02", "end": "00:07:04", "text": "of what happens on the economy in the"}, {"start": "00:07:04", "end": "00:07:06", "text": "next year, stable coins will grow"}, {"start": "00:07:06", "end": "00:07:08", "text": "tremendously. I think regardless of what"}, {"start": "00:07:08", "end": "00:07:10", "text": "happens, tokenization will, you know,"}, {"start": "00:07:10", "end": "00:07:12", "text": "maybe 10x in the next few years."}, {"start": "00:07:12", "end": "00:07:14", "text": "Prediction markets are going to be huge."}, {"start": "00:07:14", "end": "00:07:16", "text": "Decentralized identity and digital"}, {"start": "00:07:16", "end": "00:07:18", "text": "identity are going to be huge. Ethereum"}, {"start": "00:07:18", "end": "00:07:20", "text": "lets you play those secular trends which"}, {"start": "00:07:20", "end": "00:07:23", "text": "are in this enormous growth phase almost"}, {"start": "00:07:23", "end": "00:07:24", "text": "regardless of what's happening in the"}, {"start": "00:07:24", "end": "00:07:27", "text": "broader economy. So for me, it's really"}, {"start": "00:07:27", "end": "00:07:29", "text": "it's a generational opportunity and to"}, {"start": "00:07:29", "end": "00:07:31", "text": "get in at these prices, I think really"}, {"start": "00:07:31", "end": "00:07:33", "text": "is almost a gift for long-term"}, {"start": "00:07:33", "end": "00:07:35", "text": "investors. It's tremendous opportunity."}, {"start": "00:07:35", "end": "00:07:37", "text": "So, we are looking for Bitcoin to bottom"}, {"start": "00:07:37", "end": "00:07:40", "text": "this week or next week. I think it's"}, {"start": "00:07:40", "end": "00:07:42", "text": "going to bottom sometime in November."}, {"start": "00:07:42", "end": "00:07:45", "text": "Tom Lee and Matt Hogan, they both say"}, {"start": "00:07:45", "end": "00:07:45", "text": "this."}, {"start": "00:07:45", "end": "00:07:47", "text": "I think the good news is uh there are"}, {"start": "00:07:47", "end": "00:07:49", "text": "signs of exhaustion. I I did speak with"}, {"start": "00:07:49", "end": "00:07:52", "text": "Tom Demar of Demar Analytics and you"}, {"start": "00:07:52", "end": "00:07:54", "text": "know, he he thinks there are signs that"}, {"start": "00:07:54", "end": "00:07:56", "text": "would look like a bottom that could be"}, {"start": "00:07:56", "end": "00:07:59", "text": "occurring sometime this week."}, {"start": "00:07:59", "end": "00:08:01", "text": "Matt, uh do you do you agree with Tom"}, {"start": "00:08:01", "end": "00:08:03", "text": "here?"}, {"start": "00:08:03", "end": "00:08:05", "text": "I actually do. Exactly agree with Tom. I"}, {"start": "00:08:05", "end": "00:08:07", "text": "think we're nearing a bottom. I look at"}, {"start": "00:08:07", "end": "00:08:09", "text": "this as a great buying opportunity for"}, {"start": "00:08:09", "end": "00:08:11", "text": "long-term investors. You know, Bitcoin"}, {"start": "00:08:11", "end": "00:08:13", "text": "was the first thing to turn over before"}, {"start": "00:08:13", "end": "00:08:15", "text": "this broader market pullback. It was"}, {"start": "00:08:15", "end": "00:08:17", "text": "sort of the canary in the coal mine"}, {"start": "00:08:17", "end": "00:08:19", "text": "signaling that there was some risk in"}, {"start": "00:08:19", "end": "00:08:21", "text": "all sorts of risk on assets. I think"}, {"start": "00:08:21", "end": "00:08:23", "text": "it'll be the first thing to bottom. And"}, {"start": "00:08:23", "end": "00:08:24", "text": "I agree with Tom. We're getting very"}, {"start": "00:08:24", "end": "00:08:26", "text": "close to that point. So, I think it's an"}, {"start": "00:08:26", "end": "00:08:28", "text": "exciting opportunity again for people"}, {"start": "00:08:28", "end": "00:08:30", "text": "who are looking out a year or more into"}, {"start": "00:08:30", "end": "00:08:32", "text": "the future. And the crypto industry does"}, {"start": "00:08:32", "end": "00:08:37", "text": "have tailwinds behind it as Coinbase CEO"}, {"start": "00:08:37", "end": "00:08:39", "text": "announces that the crypto market"}, {"start": "00:08:39", "end": "00:08:41", "text": "structure bill, the Clarity Act, this is"}, {"start": "00:08:41", "end": "00:08:43", "text": "the biggest piece of pro- crypto"}, {"start": "00:08:43", "end": "00:08:46", "text": "bipartisan regulation that will ever"}, {"start": "00:08:46", "end": "00:08:48", "text": "have been passed when they do this. And"}, {"start": "00:08:48", "end": "00:08:49", "text": "Brian Armstrong says it happens in"}, {"start": "00:08:49", "end": "00:08:52", "text": "December and Trump will sign immediately"}, {"start": "00:08:52", "end": "00:08:54", "text": "following. This will be big. Think"}, {"start": "00:08:54", "end": "00:08:54", "text": "ahead."}, {"start": "00:08:54", "end": "00:08:56", "text": "Hey everyone, Brian Armstrong, Coinbase"}, {"start": "00:08:56", "end": "00:08:58", "text": "CEO here. I'm in the halls of Congress"}, {"start": "00:08:58", "end": "00:09:00", "text": "back again pushing for market structure"}, {"start": "00:09:00", "end": "00:09:02", "text": "legislation. We've seen a lot of"}, {"start": "00:09:02", "end": "00:09:04", "text": "progress since I was last here. We've"}, {"start": "00:09:04", "end": "00:09:06", "text": "now seen draft text shared by the Senate"}, {"start": "00:09:06", "end": "00:09:08", "text": "ad committee. Senate Banking is also"}, {"start": "00:09:08", "end": "00:09:10", "text": "working nights and weekends to get the"}, {"start": "00:09:10", "end": "00:09:12", "text": "next iteration of their text out. So,"}, {"start": "00:09:12", "end": "00:09:13", "text": "we've got a good chance, I think, of a"}, {"start": "00:09:13", "end": "00:09:16", "text": "markup for this bill in December and"}, {"start": "00:09:16", "end": "00:09:17", "text": "hopefully get it to the president's desk"}, {"start": "00:09:17", "end": "00:09:19", "text": "shortly thereafter. This would be a big"}, {"start": "00:09:19", "end": "00:09:21", "text": "milestone to get crypto unlocked with"}, {"start": "00:09:21", "end": "00:09:23", "text": "clear rules in the US, which would"}, {"start": "00:09:23", "end": "00:09:25", "text": "benefit all companies. Thanks all of you"}, {"start": "00:09:25", "end": "00:09:27", "text": "for continuing to show up and contact"}, {"start": "00:09:27", "end": "00:09:28", "text": "your representatives and keep pushing"}, {"start": "00:09:28", "end": "00:09:30", "text": "for clear rules for crypto in the United"}, {"start": "00:09:30", "end": "00:09:32", "text": "States. We will keep doing our part here"}, {"start": "00:09:32", "end": "00:09:34", "text": "as well to try to make it happen. Thanks"}, {"start": "00:09:34", "end": "00:09:34", "text": "so much."}, {"start": "00:09:34", "end": "00:09:37", "text": "My name is Aaron at Altcoin Daily. Make"}, {"start": "00:09:37", "end": "00:09:39", "text": "sure you're following us on Instagram."}, {"start": "00:09:39", "end": "00:09:40", "text": "Make sure you're following us on"}, {"start": "00:09:40", "end": "00:09:43", "text": "Twitter. See you tomorrow."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "So, Bloomberg Intelligence is"}, {"start": "00:00:01", "end": "00:00:03", "text": "essentially saying that they expect"}, {"start": "00:00:03", "end": "00:00:06", "text": "Bitcoin to go to 10K, not because"}, {"start": "00:00:06", "end": "00:00:08", "text": "anything has fundamentally changed with"}, {"start": "00:00:08", "end": "00:00:10", "text": "Bitcoin. No, it's because they're"}, {"start": "00:00:10", "end": "00:00:12", "text": "betting on all markets are going to get"}, {"start": "00:00:12", "end": "00:00:13", "text": "wiped out. They believe AI is in a"}, {"start": "00:00:13", "end": "00:00:15", "text": "bubble and they believe all markets are"}, {"start": "00:00:15", "end": "00:00:17", "text": "going lower and Bitcoin is the most"}, {"start": "00:00:17", "end": "00:00:19", "text": "volatile. Now, what you'll notice is the"}, {"start": "00:00:19", "end": "00:00:22", "text": "Bitcoin price is very much rangebound."}, {"start": "00:00:22", "end": "00:00:26", "text": "The sellers step up around 115 to 125."}, {"start": "00:00:26", "end": "00:00:29", "text": "the buyers step up below 100K and"}, {"start": "00:00:29", "end": "00:00:31", "text": "especially in this $90,000 range. So,"}, {"start": "00:00:31", "end": "00:00:33", "text": "I'm not saying that we can't dip lower."}, {"start": "00:00:33", "end": "00:00:35", "text": "In fact, I'm saying I don't know what"}, {"start": "00:00:35", "end": "00:00:37", "text": "the Bitcoin price will do in a month,"}, {"start": "00:00:37", "end": "00:00:40", "text": "let alone tomorrow. But long term, we"}, {"start": "00:00:40", "end": "00:00:42", "text": "understand the directionality of crypto"}, {"start": "00:00:42", "end": "00:00:44", "text": "is not changing. The story of crypto"}, {"start": "00:00:44", "end": "00:00:47", "text": "over the next 5 10 years, isn't"}, {"start": "00:00:47", "end": "00:00:50", "text": "changing. If the Bitcoin price"}, {"start": "00:00:50", "end": "00:00:53", "text": "breaks below this 90 to $100,000 range,"}, {"start": "00:00:53", "end": "00:00:57", "text": "then obviously the next two big to major"}, {"start": "00:00:57", "end": "00:00:59", "text": "buy the dip opportunities. We have this"}, {"start": "00:00:59", "end": "00:01:04", "text": "uh support range in the 65 to 70 maybe"}, {"start": "00:01:04", "end": "00:01:06", "text": "even $75,000 range. That would be the"}, {"start": "00:01:06", "end": "00:01:08", "text": "next level of support. And besides that,"}, {"start": "00:01:08", "end": "00:01:11", "text": "we have this very wellrespected in"}, {"start": "00:01:11", "end": "00:01:13", "text": "quotes very wellrespected support of the"}, {"start": "00:01:13", "end": "00:01:17", "text": "200E moving average 55K. Maybe this"}, {"start": "00:01:17", "end": "00:01:19", "text": "brings up to 60 in the worstc case"}, {"start": "00:01:19", "end": "00:01:22", "text": "scenario."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "In 2018, I pointed out when Bitcoin was"}, {"start": "00:00:02", "end": "00:00:04", "text": "about 10,000, it was going to drop a"}, {"start": "00:00:04", "end": "00:00:07", "text": "zero. I was 70% right, 30% wrong cuz it"}, {"start": "00:00:07", "end": "00:00:09", "text": "went down to 3,000. I'm saying the same"}, {"start": "00:00:09", "end": "00:00:11", "text": "thing now. I think it can go back to"}, {"start": "00:00:11", "end": "00:00:14", "text": "10,000. The Bloomberg intelligence just"}, {"start": "00:00:14", "end": "00:00:16", "text": "predicted this about Bitcoin."}, {"start": "00:00:16", "end": "00:00:18", "text": "And it's classic peak bull market stuff."}, {"start": "00:00:18", "end": "00:00:20", "text": "Remember scene in 1999? that Bitcoin's"}, {"start": "00:00:20", "end": "00:00:24", "text": "price is headed to 10K while City Bank"}, {"start": "00:00:24", "end": "00:00:28", "text": "$1.7 trillion heavily respected City"}, {"start": "00:00:28", "end": "00:00:30", "text": "Bank is arguing the opposite."}, {"start": "00:00:30", "end": "00:00:33", "text": "Going forward, the liquidity squeeze for"}, {"start": "00:00:33", "end": "00:00:35", "text": "the Bitcoin weakness should actually get"}, {"start": "00:00:35", "end": "00:00:36", "text": "much better because we expect"}, {"start": "00:00:36", "end": "00:00:38", "text": "what's actually next for Bitcoin and"}, {"start": "00:00:38", "end": "00:00:41", "text": "what do I need to know as a crypto"}, {"start": "00:00:41", "end": "00:00:43", "text": "investor? Watch today's whole video"}, {"start": "00:00:43", "end": "00:00:45", "text": "because it starts understanding that"}, {"start": "00:00:45", "end": "00:00:48", "text": "Bitcoin whales are buying the dip below"}, {"start": "00:00:48", "end": "00:00:51", "text": "$100,000 Bitcoin. So, this is a chart"}, {"start": "00:00:51", "end": "00:00:53", "text": "showing the price of Bitcoin in black"}, {"start": "00:00:53", "end": "00:00:56", "text": "combined with in green the number of"}, {"start": "00:00:56", "end": "00:01:00", "text": "entities with a balance of over $1,000,"}, {"start": "00:01:00", "end": "00:01:03", "text": "meaning whales. Bitcoin whales. And what"}, {"start": "00:01:03", "end": "00:01:05", "text": "do we notice? We see as soon as the"}, {"start": "00:01:05", "end": "00:01:09", "text": "Bitcoin price dipped under $100,000 per"}, {"start": "00:01:09", "end": "00:01:13", "text": "coin, the Bitcoin whale buying exploded."}, {"start": "00:01:13", "end": "00:01:16", "text": "Meaning the buyers at these price levels"}, {"start": "00:01:16", "end": "00:01:18", "text": "are starting to step in. Just like when"}, {"start": "00:01:18", "end": "00:01:20", "text": "Bitcoin was above 100K, we see as"}, {"start": "00:01:20", "end": "00:01:24", "text": "Bitcoin went above 100 into the $120,000"}, {"start": "00:01:24", "end": "00:01:26", "text": "price range, the sellers started to step"}, {"start": "00:01:26", "end": "00:01:30", "text": "in, the buyers became exhausted, and the"}, {"start": "00:01:30", "end": "00:01:32", "text": "sellers stepped up. Now we're seeing the"}, {"start": "00:01:32", "end": "00:01:35", "text": "buyers stepped up in a big big way. And"}, {"start": "00:01:35", "end": "00:01:38", "text": "why this matters is because the smart"}, {"start": "00:01:38", "end": "00:01:39", "text": "money presumably because they have a lot"}, {"start": "00:01:39", "end": "00:01:42", "text": "of money. The whales are stepping up to"}, {"start": "00:01:42", "end": "00:01:44", "text": "buy at these levels and taking Bitcoin"}, {"start": "00:01:44", "end": "00:01:46", "text": "from the impatient, taking Bitcoin from"}, {"start": "00:01:46", "end": "00:01:49", "text": "the minnows. Whales are buying the dip"}, {"start": "00:01:49", "end": "00:01:52", "text": "as small holders offload. Wallets"}, {"start": "00:01:52", "end": "00:01:56", "text": "holding over 1,000 Bitcoin jumped 2.2%"}, {"start": "00:01:56", "end": "00:01:59", "text": "2% to over 1,384,"}, {"start": "00:01:59", "end": "00:02:02", "text": "the highest in 4 months. I believe this"}, {"start": "00:02:02", "end": "00:02:04", "text": "is a generational buy the dip"}, {"start": "00:02:04", "end": "00:02:07", "text": "opportunity. If Bitcoin dips lower in"}, {"start": "00:02:07", "end": "00:02:08", "text": "the short term, I believe it becomes a"}, {"start": "00:02:08", "end": "00:02:10", "text": "greater buy the dip opportunity because"}, {"start": "00:02:10", "end": "00:02:13", "text": "there's three big catalysts that I"}, {"start": "00:02:13", "end": "00:02:15", "text": "believe will drive Bitcoin in the"}, {"start": "00:02:15", "end": "00:02:17", "text": "broader crypto markets price higher in"}, {"start": "00:02:17", "end": "00:02:21", "text": "2026. Let's let's listen to why City"}, {"start": "00:02:21", "end": "00:02:23", "text": "Bank, heavily respected City Bank,"}, {"start": "00:02:23", "end": "00:02:25", "text": "believes the liquidity crunch for"}, {"start": "00:02:25", "end": "00:02:26", "text": "Bitcoin is ending. They also believe"}, {"start": "00:02:26", "end": "00:02:29", "text": "Bitcoin is going higher. Let's look at"}, {"start": "00:02:29", "end": "00:02:30", "text": "that. Then I want to give you my"}, {"start": "00:02:30", "end": "00:02:32", "text": "thoughts and then we'll play the"}, {"start": "00:02:32", "end": "00:02:34", "text": "inverse. Why Bloomberg believes we're"}, {"start": "00:02:34", "end": "00:02:35", "text": "going lower. Let's watch City Bank."}, {"start": "00:02:35", "end": "00:02:37", "text": "There are a couple of things going on in"}, {"start": "00:02:37", "end": "00:02:39", "text": "in Bitcoin that are interesting. First,"}, {"start": "00:02:39", "end": "00:02:42", "text": "there was a flash crash in early October"}, {"start": "00:02:42", "end": "00:02:44", "text": "and that, you know, for Bitcoin itself,"}, {"start": "00:02:44", "end": "00:02:47", "text": "it was a 14% move down over two days."}, {"start": "00:02:47", "end": "00:02:50", "text": "maybe not not that drastic, but some of"}, {"start": "00:02:50", "end": "00:02:52", "text": "the altcoins really got uh got sold much"}, {"start": "00:02:52", "end": "00:02:55", "text": "much harder. And after this flash crash,"}, {"start": "00:02:55", "end": "00:02:59", "text": "we saw that the flows into the Bitcoin"}, {"start": "00:02:59", "end": "00:03:02", "text": "ETFs and so forth really changed. So the"}, {"start": "00:03:02", "end": "00:03:04", "text": "flows um really never recovered and so"}, {"start": "00:03:04", "end": "00:03:06", "text": "retail was apparently somewhat shell"}, {"start": "00:03:06", "end": "00:03:09", "text": "shocked by that day and and we saw"}, {"start": "00:03:09", "end": "00:03:11", "text": "outflows. Um the other thing that"}, {"start": "00:03:11", "end": "00:03:13", "text": "happened is that I think a lot of the"}, {"start": "00:03:13", "end": "00:03:16", "text": "institutional investors trade bitcoin"}, {"start": "00:03:16", "end": "00:03:18", "text": "with a bit of a trend following mindset"}, {"start": "00:03:18", "end": "00:03:20", "text": "and so we broke some of the moving"}, {"start": "00:03:20", "end": "00:03:21", "text": "averages that they tend to look at and"}, {"start": "00:03:21", "end": "00:03:24", "text": "that is also reducing the source of"}, {"start": "00:03:24", "end": "00:03:26", "text": "demand. But the third point is what you"}, {"start": "00:03:26", "end": "00:03:28", "text": "were mentioning and that is that the"}, {"start": "00:03:28", "end": "00:03:30", "text": "liquidity which we measure by bank"}, {"start": "00:03:30", "end": "00:03:32", "text": "reserves on the Fed balance sheet"}, {"start": "00:03:32", "end": "00:03:35", "text": "dropped by a bit more than 500 billion"}, {"start": "00:03:35", "end": "00:03:37", "text": "and that happened because the treasury"}, {"start": "00:03:37", "end": "00:03:39", "text": "uh increased the treasury general"}, {"start": "00:03:39", "end": "00:03:41", "text": "account at the Fed uh by sending a lot"}, {"start": "00:03:41", "end": "00:03:44", "text": "of T bills and there were two reasons"}, {"start": "00:03:44", "end": "00:03:47", "text": "for that. One is um why this TJ account"}, {"start": "00:03:47", "end": "00:03:50", "text": "was so high. One is that um that during"}, {"start": "00:03:50", "end": "00:03:52", "text": "the government shutdown the treasur"}, {"start": "00:03:52", "end": "00:03:54", "text": "didn't spend as much. So, so that"}, {"start": "00:03:54", "end": "00:03:55", "text": "account grows mechanically on the back"}, {"start": "00:03:55", "end": "00:03:58", "text": "of that. Um, but secondly, they did sell"}, {"start": "00:03:58", "end": "00:04:00", "text": "more T bills than is typical. Um, and"}, {"start": "00:04:00", "end": "00:04:04", "text": "and so we are thinking going forward the"}, {"start": "00:04:04", "end": "00:04:07", "text": "liquidity squeeze. So that explanation"}, {"start": "00:04:07", "end": "00:04:08", "text": "for the Bitcoin weakness should actually"}, {"start": "00:04:08", "end": "00:04:11", "text": "get much better because we expect TGA to"}, {"start": "00:04:11", "end": "00:04:14", "text": "at the very least flatten out um and"}, {"start": "00:04:14", "end": "00:04:16", "text": "probably decline meaning bank reserves"}, {"start": "00:04:16", "end": "00:04:18", "text": "and liquidity should improve between now"}, {"start": "00:04:18", "end": "00:04:19", "text": "and the end. partly because of the"}, {"start": "00:04:19", "end": "00:04:21", "text": "reopening and partly because the"}, {"start": "00:04:21", "end": "00:04:23", "text": "treasury sold so many bills already."}, {"start": "00:04:23", "end": "00:04:25", "text": "And really what City Bank is saying is"}, {"start": "00:04:25", "end": "00:04:27", "text": "that the reason assets were in a"}, {"start": "00:04:27", "end": "00:04:29", "text": "liquidity crunch and Bitcoin is always"}, {"start": "00:04:29", "end": "00:04:31", "text": "the most volatile. It's always the most"}, {"start": "00:04:31", "end": "00:04:34", "text": "reactive to liquidity is in large part"}, {"start": "00:04:34", "end": "00:04:36", "text": "because the government was shut down."}, {"start": "00:04:36", "end": "00:04:38", "text": "That's the liquidity crunch. Now that"}, {"start": "00:04:38", "end": "00:04:40", "text": "the government is reopened, we should"}, {"start": "00:04:40", "end": "00:04:41", "text": "see the inverse. That's good for"}, {"start": "00:04:41", "end": "00:04:43", "text": "Bitcoin. We also just got a new update"}, {"start": "00:04:43", "end": "00:04:47", "text": "on the Clarity Act. Coinbase CEO is in"}, {"start": "00:04:47", "end": "00:04:49", "text": "Congress. He's in Washington and he"}, {"start": "00:04:49", "end": "00:04:51", "text": "expects to see the passing of this"}, {"start": "00:04:51", "end": "00:04:54", "text": "legislation in December. To me, that's"}, {"start": "00:04:54", "end": "00:04:55", "text": "crypto. This is cryptos. This"}, {"start": "00:04:55", "end": "00:04:58", "text": "legislation is crypto's 1996"}, {"start": "00:04:58", "end": "00:05:00", "text": "early internet moment because it was in"}, {"start": "00:05:00", "end": "00:05:03", "text": "the year 1996 that crypto uh that the"}, {"start": "00:05:03", "end": "00:05:06", "text": "internet passed the telecommunications"}, {"start": "00:05:06", "end": "00:05:09", "text": "bill of 1996 that regulated the internet"}, {"start": "00:05:09", "end": "00:05:12", "text": "in a large part for the very first time."}, {"start": "00:05:12", "end": "00:05:15", "text": "Crypto is finally being regulated. Yes,"}, {"start": "00:05:15", "end": "00:05:18", "text": "there's dips. And you could say in 1996,"}, {"start": "00:05:18", "end": "00:05:19", "text": "yeah, we're getting this huge piece, the"}, {"start": "00:05:19", "end": "00:05:22", "text": "Telecommunications Act of legislation,"}, {"start": "00:05:22", "end": "00:05:23", "text": "but is the internet really going to be"}, {"start": "00:05:23", "end": "00:05:27", "text": "big in 1997 and 1999?"}, {"start": "00:05:27", "end": "00:05:30", "text": "Yeah. And even bigger in 2005, in 2015,"}, {"start": "00:05:30", "end": "00:05:33", "text": "and today that's finally happening with"}, {"start": "00:05:33", "end": "00:05:35", "text": "crypto, Brian Armstrong believes by"}, {"start": "00:05:35", "end": "00:05:37", "text": "December. Here's the update."}, {"start": "00:05:37", "end": "00:05:38", "text": "Hey everyone, Brian Armstrong, Coinbase"}, {"start": "00:05:38", "end": "00:05:41", "text": "CEO here. I'm in the halls of Congress"}, {"start": "00:05:41", "end": "00:05:43", "text": "back again pushing for market structure"}, {"start": "00:05:43", "end": "00:05:45", "text": "legislation. We've seen a lot of"}, {"start": "00:05:45", "end": "00:05:46", "text": "progress since I was last here. We've"}, {"start": "00:05:46", "end": "00:05:48", "text": "now seen draft text shared by the Senate"}, {"start": "00:05:48", "end": "00:05:50", "text": "ad committee. Senate Banking is also"}, {"start": "00:05:50", "end": "00:05:52", "text": "working nights and weekends to get the"}, {"start": "00:05:52", "end": "00:05:54", "text": "next iteration of their text out. So,"}, {"start": "00:05:54", "end": "00:05:56", "text": "we've got a good chance, I think, of a"}, {"start": "00:05:56", "end": "00:05:58", "text": "markup for this bill in December,"}, {"start": "00:05:58", "end": "00:05:59", "text": "hopefully get it to the president's desk"}, {"start": "00:05:59", "end": "00:06:02", "text": "shortly thereafter. This would be a big"}, {"start": "00:06:02", "end": "00:06:04", "text": "milestone to get crypto unlocked with"}, {"start": "00:06:04", "end": "00:06:05", "text": "clear rules in the US, which would"}, {"start": "00:06:05", "end": "00:06:07", "text": "benefit all companies. This is why you"}, {"start": "00:06:07", "end": "00:06:09", "text": "subscribe to Altcoin Daily for"}, {"start": "00:06:09", "end": "00:06:11", "text": "perspective. It's completely free. It"}, {"start": "00:06:11", "end": "00:06:13", "text": "costs you nothing. We drop a video every"}, {"start": "00:06:13", "end": "00:06:14", "text": "single day keeping you informed on the"}, {"start": "00:06:14", "end": "00:06:17", "text": "crypto market. And again, all these"}, {"start": "00:06:17", "end": "00:06:18", "text": "things combined, let me know where"}, {"start": "00:06:18", "end": "00:06:22", "text": "crypto is headed long-term directionally"}, {"start": "00:06:22", "end": "00:06:23", "text": "because you're a fool to try and"}, {"start": "00:06:23", "end": "00:06:25", "text": "predict, I think Bitcoin will do this by"}, {"start": "00:06:25", "end": "00:06:29", "text": "next week or this by next month. But"}, {"start": "00:06:29", "end": "00:06:31", "text": "directionally and storywise because"}, {"start": "00:06:31", "end": "00:06:33", "text": "markets are narratives, markets are"}, {"start": "00:06:33", "end": "00:06:36", "text": "stories. The story of crypto is not"}, {"start": "00:06:36", "end": "00:06:38", "text": "slowing down. The story of stable coin"}, {"start": "00:06:38", "end": "00:06:41", "text": "adoption is not slowing down either."}, {"start": "00:06:41", "end": "00:06:44", "text": "Visa expands stable coin support across"}, {"start": "00:06:44", "end": "00:06:47", "text": "ETH, Solana, Stellar and Avalanche. It"}, {"start": "00:06:47", "end": "00:06:49", "text": "starts with Visa Direct. So Visa Direct"}, {"start": "00:06:49", "end": "00:06:52", "text": "is our crossborder realtime money"}, {"start": "00:06:52", "end": "00:06:55", "text": "movement platform. today as a if you"}, {"start": "00:06:55", "end": "00:06:56", "text": "wanted to send money to someone, you"}, {"start": "00:06:56", "end": "00:06:58", "text": "could load your bank card into it. You"}, {"start": "00:06:58", "end": "00:07:00", "text": "you could also use your bank account,"}, {"start": "00:07:00", "end": "00:07:02", "text": "but now we're adding stablecoin wallets"}, {"start": "00:07:02", "end": "00:07:05", "text": "as a way to receive money. And so if"}, {"start": "00:07:05", "end": "00:07:06", "text": "you're a business and you want to send"}, {"start": "00:07:06", "end": "00:07:09", "text": "money to your your your creator, for"}, {"start": "00:07:09", "end": "00:07:11", "text": "example, in in the market, you can just"}, {"start": "00:07:11", "end": "00:07:12", "text": "have them load their stable coin address"}, {"start": "00:07:12", "end": "00:07:14", "text": "and it sends the money to them"}, {"start": "00:07:14", "end": "00:07:17", "text": "immediately. So, understanding all that,"}, {"start": "00:07:17", "end": "00:07:19", "text": "how could Bloomberg intelligence predict"}, {"start": "00:07:19", "end": "00:07:21", "text": "the Bitcoin price is going to 10K and"}, {"start": "00:07:21", "end": "00:07:24", "text": "what reasoning do they provide? Let's"}, {"start": "00:07:24", "end": "00:07:26", "text": "watch this clip and then react."}, {"start": "00:07:26", "end": "00:07:29", "text": "In 2018, I pointed out when Bitcoin was"}, {"start": "00:07:29", "end": "00:07:31", "text": "about 10,000, it was going to drop a"}, {"start": "00:07:31", "end": "00:07:34", "text": "zero. I was 70% right, 30% wrong because"}, {"start": "00:07:34", "end": "00:07:36", "text": "it went down to 3,000. I'm saying the"}, {"start": "00:07:36", "end": "00:07:38", "text": "same thing now. I think it could go back"}, {"start": "00:07:38", "end": "00:07:40", "text": "to 10,000. I mean, that includes"}, {"start": "00:07:40", "end": "00:07:42", "text": "everything going lower unfortunately"}, {"start": "00:07:42", "end": "00:07:43", "text": "means the stock market that's just"}, {"start": "00:07:43", "end": "00:07:45", "text": "normal. The key difference is from back"}, {"start": "00:07:45", "end": "00:07:46", "text": "then there was only a few thousand"}, {"start": "00:07:46", "end": "00:07:47", "text": "cryptocurrencies. Now there's"}, {"start": "00:07:47", "end": "00:07:50", "text": "multi-millions and we've had that piling"}, {"start": "00:07:50", "end": "00:07:52", "text": "from ETFs, the Trump administration"}, {"start": "00:07:52", "end": "00:07:55", "text": "kicking in and accelerating it and it's"}, {"start": "00:07:55", "end": "00:07:57", "text": "classic peak bull market stuff. Remember"}, {"start": "00:07:57", "end": "00:07:59", "text": "scene in 1999. So in the previous"}, {"start": "00:07:59", "end": "00:08:01", "text": "segment Paul mentioned the VIX at 25."}, {"start": "00:08:01", "end": "00:08:03", "text": "You look at that VIX 200 day moving"}, {"start": "00:08:03", "end": "00:08:06", "text": "average. It's a bull flag right now."}, {"start": "00:08:06", "end": "00:08:08", "text": "It's averaging about 19 and a half. And"}, {"start": "00:08:08", "end": "00:08:12", "text": "a key fact is 120day realized volatility"}, {"start": "00:08:12", "end": "00:08:15", "text": "S&P 500 is around 10%. If we end the"}, {"start": "00:08:15", "end": "00:08:18", "text": "year there, not only is it half the VIX,"}, {"start": "00:08:18", "end": "00:08:20", "text": "but it'll be the lowest since 2017. So,"}, {"start": "00:08:20", "end": "00:08:23", "text": "I'm expecting this Bitcoin um plunge to"}, {"start": "00:08:23", "end": "00:08:24", "text": "trickle down in the stock market,"}, {"start": "00:08:24", "end": "00:08:26", "text": "volatility pick up, maybe just get to"}, {"start": "00:08:26", "end": "00:08:29", "text": "its average around 16%. And the whole"}, {"start": "00:08:29", "end": "00:08:30", "text": "thing tilts lower into the year end. I"}, {"start": "00:08:30", "end": "00:08:32", "text": "don't know what stops it at this point."}, {"start": "00:08:32", "end": "00:08:33", "text": "So Bloomberg Intelligence is essentially"}, {"start": "00:08:33", "end": "00:08:36", "text": "saying that they expect Bitcoin to go to"}, {"start": "00:08:36", "end": "00:08:38", "text": "10K not because anything has"}, {"start": "00:08:38", "end": "00:08:41", "text": "fundamentally changed with Bitcoin. No,"}, {"start": "00:08:41", "end": "00:08:43", "text": "it's because they're betting on all"}, {"start": "00:08:43", "end": "00:08:44", "text": "markets are going to get wiped out. They"}, {"start": "00:08:44", "end": "00:08:46", "text": "believe AI is in a bubble and they"}, {"start": "00:08:46", "end": "00:08:48", "text": "believe all markets are going lower and"}, {"start": "00:08:48", "end": "00:08:50", "text": "Bitcoin is the most volatile. Now what"}, {"start": "00:08:50", "end": "00:08:52", "text": "you'll notice is the Bitcoin price is"}, {"start": "00:08:52", "end": "00:08:55", "text": "very much rangebound. The sellers step"}, {"start": "00:08:55", "end": "00:09:00", "text": "up around 115 to 125. the buyers step up"}, {"start": "00:09:00", "end": "00:09:02", "text": "below 100K and especially in this"}, {"start": "00:09:02", "end": "00:09:04", "text": "$90,000 range. So, I'm not saying that"}, {"start": "00:09:04", "end": "00:09:06", "text": "we can't dip lower. In fact, I'm saying"}, {"start": "00:09:06", "end": "00:09:08", "text": "I don't know what the Bitcoin price will"}, {"start": "00:09:08", "end": "00:09:11", "text": "do in a month, let alone tomorrow. But"}, {"start": "00:09:11", "end": "00:09:13", "text": "long term, we understand the"}, {"start": "00:09:13", "end": "00:09:15", "text": "directionality of crypto is not"}, {"start": "00:09:15", "end": "00:09:16", "text": "changing. The story of crypto over the"}, {"start": "00:09:16", "end": "00:09:20", "text": "next 5 10 years isn't changing. As well"}, {"start": "00:09:20", "end": "00:09:25", "text": "as the AI story isn't going away in the"}, {"start": "00:09:25", "end": "00:09:27", "text": "sense that are is AI in a bubble? I"}, {"start": "00:09:27", "end": "00:09:31", "text": "would say any one or two AI companies"}, {"start": "00:09:31", "end": "00:09:33", "text": "can be overvalued, need a correction at"}, {"start": "00:09:33", "end": "00:09:36", "text": "any time, but it's not like next year"}, {"start": "00:09:36", "end": "00:09:38", "text": "nobody's going to talk about AI anymore."}, {"start": "00:09:38", "end": "00:09:40", "text": "Now, this is a race, a race against"}, {"start": "00:09:40", "end": "00:09:42", "text": "China, a race against other countries,"}, {"start": "00:09:42", "end": "00:09:44", "text": "much like the internet race, just like"}, {"start": "00:09:44", "end": "00:09:48", "text": "much like the moon race in the 60s. If"}, {"start": "00:09:48", "end": "00:09:50", "text": "the Bitcoin price"}, {"start": "00:09:50", "end": "00:09:54", "text": "breaks below this 90 to $100,000 range,"}, {"start": "00:09:54", "end": "00:09:58", "text": "then obviously the next two big to major"}, {"start": "00:09:58", "end": "00:09:59", "text": "buy the dip opportunities. We have this"}, {"start": "00:09:59", "end": "00:10:04", "text": "uh support range in the 65 to 70 maybe"}, {"start": "00:10:04", "end": "00:10:07", "text": "even $75,000 range. That would be the"}, {"start": "00:10:07", "end": "00:10:09", "text": "next level of support essentially"}, {"start": "00:10:09", "end": "00:10:11", "text": "liberation days levels. And besides"}, {"start": "00:10:11", "end": "00:10:14", "text": "that, we have this very wellrespected in"}, {"start": "00:10:14", "end": "00:10:17", "text": "quotes very wellrespected support of the"}, {"start": "00:10:17", "end": "00:10:19", "text": "200week moving average. We've gone"}, {"start": "00:10:19", "end": "00:10:22", "text": "through many bull and bare cycles before"}, {"start": "00:10:22", "end": "00:10:24", "text": "and we've always"}, {"start": "00:10:24", "end": "00:10:28", "text": "came back down to the 200E"}, {"start": "00:10:28", "end": "00:10:30", "text": "moving average. So if the worst should"}, {"start": "00:10:30", "end": "00:10:32", "text": "happen 10K, I don't think that will ever"}, {"start": "00:10:32", "end": "00:10:35", "text": "happen again. That would be crazy. But"}, {"start": "00:10:35", "end": "00:10:39", "text": "55K, maybe this brings up to 60 in the"}, {"start": "00:10:39", "end": "00:10:41", "text": "worstc case scenario. But again, to me,"}, {"start": "00:10:41", "end": "00:10:44", "text": "this is 1996 Telecommunications Act is"}, {"start": "00:10:44", "end": "00:10:47", "text": "the Clarity Act crypto today. Give me"}, {"start": "00:10:47", "end": "00:10:48", "text": "your thoughts down below. I'm going to"}, {"start": "00:10:48", "end": "00:10:50", "text": "put a few links down below. Limited time"}, {"start": "00:10:50", "end": "00:10:52", "text": "offers. If you made it this far in"}, {"start": "00:10:52", "end": "00:10:54", "text": "today's video, take advantage. Link down"}, {"start": "00:10:54", "end": "00:10:56", "text": "below. Check them out. Like all we see"}, {"start": "00:10:56", "end": "00:10:58", "text": "tomorrow."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Let's get into some ETF news today. It"}, {"start": "00:00:02", "end": "00:00:04", "text": "is a big day that will reveal some very"}, {"start": "00:00:04", "end": "00:00:06", "text": "interesting stuff. So, you guys will"}, {"start": "00:00:06", "end": "00:00:07", "text": "want to stick around for it. Let's just"}, {"start": "00:00:07", "end": "00:00:09", "text": "jump right in. I do want to thank our"}, {"start": "00:00:09", "end": "00:00:11", "text": "sponsor and that is BTCC. This is a"}, {"start": "00:00:11", "end": "00:00:12", "text": "great place where you guys can go in and"}, {"start": "00:00:12", "end": "00:00:14", "text": "get a little bit more creative in your"}, {"start": "00:00:14", "end": "00:00:17", "text": "trading. You get a 10% bonus first time"}, {"start": "00:00:17", "end": "00:00:19", "text": "on the deposit just using our link down"}, {"start": "00:00:19", "end": "00:00:20", "text": "below. Also gives you some other"}, {"start": "00:00:20", "end": "00:00:23", "text": "benefits there when you sign up using"}, {"start": "00:00:23", "end": "00:00:25", "text": "the PBN link. And one thing I've started"}, {"start": "00:00:25", "end": "00:00:27", "text": "to do is long and shorts. Those are the"}, {"start": "00:00:27", "end": "00:00:29", "text": "simple things. Whether you're into"}, {"start": "00:00:29", "end": "00:00:30", "text": "leverage trading or not, those are the"}, {"start": "00:00:30", "end": "00:00:32", "text": "kind of activities you can do over on"}, {"start": "00:00:32", "end": "00:00:35", "text": "BTC. Regardless of market volatility,"}, {"start": "00:00:35", "end": "00:00:37", "text": "this is where traders are making their"}, {"start": "00:00:37", "end": "00:00:39", "text": "moves right now. Check it out down"}, {"start": "00:00:39", "end": "00:00:41", "text": "below. As you guys know, we've been"}, {"start": "00:00:41", "end": "00:00:43", "text": "talking about this for quite some time."}, {"start": "00:00:43", "end": "00:00:45", "text": "And one of the videos that we did a"}, {"start": "00:00:45", "end": "00:00:47", "text": "couple of weeks ago was this one right"}, {"start": "00:00:47", "end": "00:00:49", "text": "here. And it was bull market catalyst,"}, {"start": "00:00:49", "end": "00:00:52", "text": "what it would take. Let me inform you"}, {"start": "00:00:52", "end": "00:00:54", "text": "that none of those catalysts have taken"}, {"start": "00:00:54", "end": "00:00:56", "text": "place. meaning we we said these are the"}, {"start": "00:00:56", "end": "00:00:58", "text": "things that have to happen for the"}, {"start": "00:00:58", "end": "00:01:00", "text": "market to move and it's been almost the"}, {"start": "00:01:00", "end": "00:01:02", "text": "exact opposite. So today I wanted to"}, {"start": "00:01:02", "end": "00:01:05", "text": "bring in of course our friend from"}, {"start": "00:01:05", "end": "00:01:07", "text": "Grayscale and that is Zach Pandle coming"}, {"start": "00:01:07", "end": "00:01:08", "text": "in head of research. How are you?"}, {"start": "00:01:08", "end": "00:01:10", "text": "I'm great Paul. Awesome to be with you"}, {"start": "00:01:10", "end": "00:01:10", "text": "here today."}, {"start": "00:01:10", "end": "00:01:11", "text": "All right Zach there's a lot of"}, {"start": "00:01:11", "end": "00:01:13", "text": "happening. The markets have been very"}, {"start": "00:01:13", "end": "00:01:16", "text": "volatile to say the least. We've seen so"}, {"start": "00:01:16", "end": "00:01:18", "text": "much movement in the general market. And"}, {"start": "00:01:18", "end": "00:01:21", "text": "when you look at the reasoning behind"}, {"start": "00:01:21", "end": "00:01:22", "text": "this, many people would say, well, you"}, {"start": "00:01:22", "end": "00:01:26", "text": "know, it's uh OG wallet selling. It's uh"}, {"start": "00:01:26", "end": "00:01:29", "text": "Bitcoin kind of repositioning. You know,"}, {"start": "00:01:29", "end": "00:01:30", "text": "you've got all these scenarios that have"}, {"start": "00:01:30", "end": "00:01:33", "text": "played out uh within the market itself."}, {"start": "00:01:33", "end": "00:01:36", "text": "What do you think is the bullish"}, {"start": "00:01:36", "end": "00:01:39", "text": "shortterm position right now for the"}, {"start": "00:01:39", "end": "00:01:41", "text": "markets? Now, I say short-term next say"}, {"start": "00:01:41", "end": "00:01:42", "text": "60 days."}, {"start": "00:01:42", "end": "00:01:44", "text": "Yeah, great question. Look,"}, {"start": "00:01:44", "end": "00:01:47", "text": "cryptonnative investors often look for"}, {"start": "00:01:47", "end": "00:01:49", "text": "cryptonative explanations for what's"}, {"start": "00:01:49", "end": "00:01:52", "text": "going on even when what's happening in"}, {"start": "00:01:52", "end": "00:01:54", "text": "prices is correlated to lots of other"}, {"start": "00:01:54", "end": "00:01:57", "text": "things happening in markets. And so look"}, {"start": "00:01:57", "end": "00:02:00", "text": "what I see Paul is a repricing of macro"}, {"start": "00:02:00", "end": "00:02:03", "text": "expectations over the last few months."}, {"start": "00:02:03", "end": "00:02:05", "text": "You think back to August, we were real"}, {"start": "00:02:05", "end": "00:02:07", "text": "optimistic about the US economy,"}, {"start": "00:02:07", "end": "00:02:09", "text": "anticipating further rate cuts from the"}, {"start": "00:02:09", "end": "00:02:12", "text": "Federal Reserve. today. More caution"}, {"start": "00:02:12", "end": "00:02:14", "text": "about the labor market, about credit"}, {"start": "00:02:14", "end": "00:02:16", "text": "markets, more questions about the"}, {"start": "00:02:16", "end": "00:02:18", "text": "outlook for Federal Reserve policy. For"}, {"start": "00:02:18", "end": "00:02:20", "text": "me, the bullcase thesis is that the"}, {"start": "00:02:20", "end": "00:02:23", "text": "reality is still pretty good, honestly,"}, {"start": "00:02:23", "end": "00:02:25", "text": "for for markets. The economy is fine."}, {"start": "00:02:25", "end": "00:02:27", "text": "Federal Reserve is still supportive"}, {"start": "00:02:27", "end": "00:02:29", "text": "within crypto, the kind of fundamental"}, {"start": "00:02:29", "end": "00:02:30", "text": "pillars for demand and what's been"}, {"start": "00:02:30", "end": "00:02:32", "text": "driving this bull market still very much"}, {"start": "00:02:32", "end": "00:02:34", "text": "in place. So I would say that the"}, {"start": "00:02:34", "end": "00:02:36", "text": "optimistic case is just that markets get"}, {"start": "00:02:36", "end": "00:02:38", "text": "a little bit more confident again about"}, {"start": "00:02:38", "end": "00:02:40", "text": "the economy and the broader market"}, {"start": "00:02:40", "end": "00:02:42", "text": "backdrop. I think that's enough for"}, {"start": "00:02:42", "end": "00:02:44", "text": "crypto to stabilize and begin to recover"}, {"start": "00:02:44", "end": "00:02:46", "text": "from where we are today. I'm looking for"}, {"start": "00:02:46", "end": "00:02:49", "text": "specific short-term catalyst and one of"}, {"start": "00:02:49", "end": "00:02:51", "text": "the one of the things I'm I'm kind of"}, {"start": "00:02:51", "end": "00:02:54", "text": "comparing this to is back to this tweet"}, {"start": "00:02:54", "end": "00:02:56", "text": "here and that is the activity that we've"}, {"start": "00:02:56", "end": "00:03:00", "text": "seen with uh Bitcoin and OG Wales now"}, {"start": "00:03:00", "end": "00:03:02", "text": "been selling more Bitcoin than ever"}, {"start": "00:03:02", "end": "00:03:04", "text": "before. Uh this of course continues. I"}, {"start": "00:03:04", "end": "00:03:07", "text": "guess that's that's really one of the"}, {"start": "00:03:07", "end": "00:03:09", "text": "the categories that I think will at"}, {"start": "00:03:09", "end": "00:03:11", "text": "least slow this market down is if we see"}, {"start": "00:03:11", "end": "00:03:13", "text": "that stopping. If you think about that"}, {"start": "00:03:13", "end": "00:03:16", "text": "along with unlikely to get clarity act"}, {"start": "00:03:16", "end": "00:03:18", "text": "in 2025"}, {"start": "00:03:18", "end": "00:03:21", "text": "that's getting pushed in the next 60"}, {"start": "00:03:21", "end": "00:03:23", "text": "days. I mean if we were to get into a"}, {"start": "00:03:23", "end": "00:03:25", "text": "clarity reg maybe maybe a regulatory"}, {"start": "00:03:25", "end": "00:03:27", "text": "front is is the way to go here. Do you"}, {"start": "00:03:27", "end": "00:03:30", "text": "feel like those Bitcoin wallets slowing"}, {"start": "00:03:30", "end": "00:03:33", "text": "their selling and some more regulation"}, {"start": "00:03:33", "end": "00:03:35", "text": "that maybe gets confirmed? Do you think"}, {"start": "00:03:35", "end": "00:03:37", "text": "those would be enough to get this market"}, {"start": "00:03:37", "end": "00:03:39", "text": "restarted? I do think that those would"}, {"start": "00:03:39", "end": "00:03:40", "text": "be enough and I think you know some of"}, {"start": "00:03:40", "end": "00:03:43", "text": "the other macro topics but yes I think"}, {"start": "00:03:43", "end": "00:03:46", "text": "progress on market structure legislation"}, {"start": "00:03:46", "end": "00:03:48", "text": "on the Senate version of the clarity act"}, {"start": "00:03:48", "end": "00:03:51", "text": "and some uh change in the fund flow"}, {"start": "00:03:51", "end": "00:03:52", "text": "picture is how I would would put it."}, {"start": "00:03:52", "end": "00:03:54", "text": "Look, Bitcoin OG Wales as you"}, {"start": "00:03:54", "end": "00:03:57", "text": "characterize them have been uh selling"}, {"start": "00:03:57", "end": "00:03:59", "text": "really since the ETFs launched in"}, {"start": "00:03:59", "end": "00:04:02", "text": "January of 2024 but price has been up"}, {"start": "00:04:02", "end": "00:04:03", "text": "since then and that's because there's"}, {"start": "00:04:03", "end": "00:04:05", "text": "been a ready buyer on the other end"}, {"start": "00:04:05", "end": "00:04:07", "text": "which is the ETFs. And so I think what"}, {"start": "00:04:07", "end": "00:04:09", "text": "you need to see is that ETF bid come"}, {"start": "00:04:09", "end": "00:04:11", "text": "back into the market. That would be"}, {"start": "00:04:11", "end": "00:04:13", "text": "confirmation that we've reached a bottom"}, {"start": "00:04:13", "end": "00:04:15", "text": "or a positive catalyst into the end of"}, {"start": "00:04:15", "end": "00:04:16", "text": "the year."}, {"start": "00:04:16", "end": "00:04:18", "text": "Well, you also look at this percentage"}, {"start": "00:04:18", "end": "00:04:20", "text": "of supply right now held by public"}, {"start": "00:04:20", "end": "00:04:21", "text": "companies. This of course is flattened"}, {"start": "00:04:21", "end": "00:04:25", "text": "for Bitcoin. But if it's it's increased"}, {"start": "00:04:25", "end": "00:04:27", "text": "dramatically for Ethereum and even"}, {"start": "00:04:27", "end": "00:04:29", "text": "Salana when you look at that both on"}, {"start": "00:04:29", "end": "00:04:33", "text": "Bitcoin uh ETH Salana Dats and you kind"}, {"start": "00:04:33", "end": "00:04:35", "text": "of compare where the market is right now"}, {"start": "00:04:35", "end": "00:04:38", "text": "what would you say right now would be"}, {"start": "00:04:38", "end": "00:04:40", "text": "the winning factor here? Do you think"}, {"start": "00:04:40", "end": "00:04:42", "text": "we'll continue to see maybe these DATs"}, {"start": "00:04:42", "end": "00:04:44", "text": "softening on Bitcoin or do you think"}, {"start": "00:04:44", "end": "00:04:46", "text": "that we get more of a position on"}, {"start": "00:04:46", "end": "00:04:48", "text": "Bitcoin in the future? I I think that"}, {"start": "00:04:48", "end": "00:04:50", "text": "there will be a lasting role for these"}, {"start": "00:04:50", "end": "00:04:54", "text": "types of uh companies that are uh"}, {"start": "00:04:54", "end": "00:04:56", "text": "holding crypto on balance sheet and"}, {"start": "00:04:56", "end": "00:04:59", "text": "finding additional ways to get value uh"}, {"start": "00:04:59", "end": "00:05:00", "text": "out of them either through uh changing"}, {"start": "00:05:00", "end": "00:05:02", "text": "their capital structure, their"}, {"start": "00:05:02", "end": "00:05:04", "text": "liabilities or doing something on on the"}, {"start": "00:05:04", "end": "00:05:06", "text": "asset uh side of the balance sheet. So,"}, {"start": "00:05:06", "end": "00:05:09", "text": "you know, we're we're focused on ETF uh"}, {"start": "00:05:09", "end": "00:05:11", "text": "ETP products for our our investors. I"}, {"start": "00:05:11", "end": "00:05:13", "text": "think digital asset treasuries are"}, {"start": "00:05:13", "end": "00:05:15", "text": "another way to get crypto exposure in a"}, {"start": "00:05:15", "end": "00:05:17", "text": "portfolio and I I think that they will"}, {"start": "00:05:17", "end": "00:05:20", "text": "be a lasting part of the ecosystem. Uh"}, {"start": "00:05:20", "end": "00:05:22", "text": "you know there's always ups and downs in"}, {"start": "00:05:22", "end": "00:05:23", "text": "demand for these vehicles and we're at a"}, {"start": "00:05:23", "end": "00:05:26", "text": "you know uh we're at waning point at"}, {"start": "00:05:26", "end": "00:05:28", "text": "this very moment but I think appetite"}, {"start": "00:05:28", "end": "00:05:31", "text": "could come right back as equity markets"}, {"start": "00:05:31", "end": "00:05:31", "text": "stabilize."}, {"start": "00:05:31", "end": "00:05:33", "text": "All right, let's move on to to kind of"}, {"start": "00:05:33", "end": "00:05:35", "text": "the news of the day and that of course"}, {"start": "00:05:35", "end": "00:05:38", "text": "is your launch of the XRP ETF that you"}, {"start": "00:05:38", "end": "00:05:40", "text": "guys have going on. Obviously, G Soul"}, {"start": "00:05:40", "end": "00:05:42", "text": "already launched for you guys and of"}, {"start": "00:05:42", "end": "00:05:45", "text": "course you have gross staking rewards of"}, {"start": "00:05:45", "end": "00:05:48", "text": "almost uh 7 and a quarter% there. Uh"}, {"start": "00:05:48", "end": "00:05:50", "text": "when you look at Salana and XRP,"}, {"start": "00:05:50", "end": "00:05:53", "text": "especially on the ETF performance, how"}, {"start": "00:05:53", "end": "00:05:54", "text": "do you think these play out now? You're"}, {"start": "00:05:54", "end": "00:05:56", "text": "going to have competing ETFs which are"}, {"start": "00:05:56", "end": "00:05:58", "text": "very competitive out there in the market"}, {"start": "00:05:58", "end": "00:06:01", "text": "space right now. ETFs between Soul and"}, {"start": "00:06:01", "end": "00:06:03", "text": "XRP. How do you think this play out"}, {"start": "00:06:03", "end": "00:06:04", "text": "compared to market caps?"}, {"start": "00:06:04", "end": "00:06:06", "text": "Well, absolutely. you know both both"}, {"start": "00:06:06", "end": "00:06:08", "text": "products major parts of the crypto"}, {"start": "00:06:08", "end": "00:06:11", "text": "crypto ecosystem large liquid assets"}, {"start": "00:06:11", "end": "00:06:14", "text": "with enthusiastic investor bases. I see"}, {"start": "00:06:14", "end": "00:06:16", "text": "them as a bit different and and you know"}, {"start": "00:06:16", "end": "00:06:17", "text": "different flavors for investors to"}, {"start": "00:06:17", "end": "00:06:20", "text": "consider and ideally build a portfolio"}, {"start": "00:06:20", "end": "00:06:22", "text": "of crypto assets that includes multiple"}, {"start": "00:06:22", "end": "00:06:25", "text": "things usually starting with Bitcoin but"}, {"start": "00:06:25", "end": "00:06:27", "text": "these smart contract platforms and other"}, {"start": "00:06:27", "end": "00:06:29", "text": "assets included in that uh as well. You"}, {"start": "00:06:29", "end": "00:06:33", "text": "know, XRP, a battle tested blockchain,"}, {"start": "00:06:33", "end": "00:06:35", "text": "originally designed for payments use"}, {"start": "00:06:35", "end": "00:06:37", "text": "cases, but broadening uh to other use"}, {"start": "00:06:37", "end": "00:06:40", "text": "cases. Today, one of the largest and"}, {"start": "00:06:40", "end": "00:06:42", "text": "most liquid assets uh in crypto. I think"}, {"start": "00:06:42", "end": "00:06:45", "text": "there will be uh significant demand for"}, {"start": "00:06:45", "end": "00:06:48", "text": "these ETF products as we've seen with"}, {"start": "00:06:48", "end": "00:06:51", "text": "the Salana and Ethereum uh ETF products"}, {"start": "00:06:51", "end": "00:06:53", "text": "as well. You know, our view at Grayscale"}, {"start": "00:06:53", "end": "00:06:56", "text": "is that investors need digital assets in"}, {"start": "00:06:56", "end": "00:06:58", "text": "diversified portfolios to have the best"}, {"start": "00:06:58", "end": "00:07:02", "text": "risk adjusted returns uh over time,"}, {"start": "00:07:02", "end": "00:07:04", "text": "especially given the macro risk that"}, {"start": "00:07:04", "end": "00:07:07", "text": "every investor is is facing. And all of"}, {"start": "00:07:07", "end": "00:07:08", "text": "these assets can be held together, you"}, {"start": "00:07:08", "end": "00:07:10", "text": "know, in different flavors depending on"}, {"start": "00:07:10", "end": "00:07:13", "text": "investor preferences uh to build that"}, {"start": "00:07:13", "end": "00:07:15", "text": "crypto allocation. We are delighted to"}, {"start": "00:07:15", "end": "00:07:17", "text": "be able to broaden the access to these"}, {"start": "00:07:17", "end": "00:07:19", "text": "assets with new ETF products like this."}, {"start": "00:07:19", "end": "00:07:21", "text": "Well, we've seen some pretty successful"}, {"start": "00:07:21", "end": "00:07:24", "text": "launches so far with the XRP ETFs with"}, {"start": "00:07:24", "end": "00:07:27", "text": "Canary, obviously, Bitwise launching"}, {"start": "00:07:27", "end": "00:07:29", "text": "last week. This is the thing that I'm"}, {"start": "00:07:29", "end": "00:07:31", "text": "kind of curious about because these two,"}, {"start": "00:07:31", "end": "00:07:33", "text": "I believe at some point, institutional"}, {"start": "00:07:33", "end": "00:07:36", "text": "capital, they probably will deploy into"}, {"start": "00:07:36", "end": "00:07:37", "text": "both, but they're probably going to have"}, {"start": "00:07:37", "end": "00:07:40", "text": "a preference. Uh, one or the other. You"}, {"start": "00:07:40", "end": "00:07:42", "text": "got you have both. What do you think"}, {"start": "00:07:42", "end": "00:07:44", "text": "will happen?"}, {"start": "00:07:44", "end": "00:07:45", "text": "Well, as you know, Paul, we've talked"}, {"start": "00:07:45", "end": "00:07:47", "text": "about this before. It's like deciding"}, {"start": "00:07:47", "end": "00:07:48", "text": "between my children when I look at these"}, {"start": "00:07:48", "end": "00:07:51", "text": "large cap assets. Uh look, I I like to"}, {"start": "00:07:51", "end": "00:07:53", "text": "encourage institutional investors to,"}, {"start": "00:07:53", "end": "00:07:55", "text": "you know, start from the top, begin with"}, {"start": "00:07:55", "end": "00:07:57", "text": "Bitcoin, the largest, most liquid asset"}, {"start": "00:07:57", "end": "00:08:00", "text": "that has the most clear macro use case."}, {"start": "00:08:00", "end": "00:08:02", "text": "And then the rest of these assets,"}, {"start": "00:08:02", "end": "00:08:04", "text": "they're all unlocking types of"}, {"start": "00:08:04", "end": "00:08:06", "text": "innovations in digital finance. And what"}, {"start": "00:08:06", "end": "00:08:07", "text": "we want to think about is where are"}, {"start": "00:08:07", "end": "00:08:11", "text": "those uses? uh stable coins, tokenized"}, {"start": "00:08:11", "end": "00:08:15", "text": "assets, prediction markets, DeFi, where"}, {"start": "00:08:15", "end": "00:08:18", "text": "is that being built out? And the asset"}, {"start": "00:08:18", "end": "00:08:19", "text": "that you want to own is the thing that's"}, {"start": "00:08:19", "end": "00:08:22", "text": "becoming the platform for those digital"}, {"start": "00:08:22", "end": "00:08:25", "text": "finance innovations. Ethereum was the"}, {"start": "00:08:25", "end": "00:08:27", "text": "starter and the leader of this process."}, {"start": "00:08:27", "end": "00:08:29", "text": "And so that's a natural first step to"}, {"start": "00:08:29", "end": "00:08:31", "text": "take is with Ethereum. And then the rest"}, {"start": "00:08:31", "end": "00:08:33", "text": "of these assets are all competing for a"}, {"start": "00:08:33", "end": "00:08:35", "text": "piece of that. And I think all of them"}, {"start": "00:08:35", "end": "00:08:36", "text": "will play a role. All of them already"}, {"start": "00:08:36", "end": "00:08:39", "text": "play a role today in different aspects"}, {"start": "00:08:39", "end": "00:08:41", "text": "of this with stable coins or DeFi etc."}, {"start": "00:08:41", "end": "00:08:42", "text": "We want to figure out which ones are"}, {"start": "00:08:42", "end": "00:08:44", "text": "going to be the biggest platforms over"}, {"start": "00:08:44", "end": "00:08:47", "text": "time. It's going to be a intense race I"}, {"start": "00:08:47", "end": "00:08:49", "text": "assure you over the next five and 10"}, {"start": "00:08:49", "end": "00:08:49", "text": "years."}, {"start": "00:08:49", "end": "00:08:51", "text": "Well, listen, one of the things that"}, {"start": "00:08:51", "end": "00:08:54", "text": "would uh give you an uneven advantage in"}, {"start": "00:08:54", "end": "00:08:57", "text": "this intense race is getting into"}, {"start": "00:08:57", "end": "00:08:59", "text": "staking on XRP. I'm looking at Doppler"}, {"start": "00:08:59", "end": "00:09:02", "text": "Finance. they continue to kind of drive"}, {"start": "00:09:02", "end": "00:09:03", "text": "the position right here and it's"}, {"start": "00:09:03", "end": "00:09:06", "text": "difficult for an XRP holder, especially"}, {"start": "00:09:06", "end": "00:09:08", "text": "native asset to go out and stake. It's a"}, {"start": "00:09:08", "end": "00:09:11", "text": "it's cumbersome to get it done until"}, {"start": "00:09:11", "end": "00:09:13", "text": "that starts to loosen up. Imagine if you"}, {"start": "00:09:13", "end": "00:09:16", "text": "had a stake opportunity within an ETF. I"}, {"start": "00:09:16", "end": "00:09:18", "text": "mean, literally just right there, easy"}, {"start": "00:09:18", "end": "00:09:21", "text": "click, easy access for millions and"}, {"start": "00:09:21", "end": "00:09:24", "text": "millions of institutional and retail"}, {"start": "00:09:24", "end": "00:09:26", "text": "investors to stake their XR, well, have"}, {"start": "00:09:26", "end": "00:09:28", "text": "staked XRP, I should say, exposure to"}, {"start": "00:09:28", "end": "00:09:29", "text": "it. Wouldn't that be a good product?"}, {"start": "00:09:29", "end": "00:09:30", "text": "Don't you think?"}, {"start": "00:09:30", "end": "00:09:32", "text": "We are actively looking at all of these"}, {"start": "00:09:32", "end": "00:09:34", "text": "things and I'm delighted to say that we"}, {"start": "00:09:34", "end": "00:09:36", "text": "began the process of staking in US"}, {"start": "00:09:36", "end": "00:09:39", "text": "listed ETFs with our Ethereum uh"}, {"start": "00:09:39", "end": "00:09:43", "text": "products in October and the Treasury and"}, {"start": "00:09:43", "end": "00:09:45", "text": "IRS have now given more detailed"}, {"start": "00:09:45", "end": "00:09:47", "text": "guidance about the treatment of these"}, {"start": "00:09:47", "end": "00:09:48", "text": "products. So, I think you will see much"}, {"start": "00:09:48", "end": "00:09:52", "text": "more staking activity in in ETF crypto"}, {"start": "00:09:52", "end": "00:09:53", "text": "ETFs. Paul, I think you're exactly"}, {"start": "00:09:53", "end": "00:09:55", "text": "right. in the best investor experience"}, {"start": "00:09:55", "end": "00:09:58", "text": "is to have the token itself but also any"}, {"start": "00:09:58", "end": "00:10:01", "text": "additional rewards uh that it may be"}, {"start": "00:10:01", "end": "00:10:03", "text": "delivering in native uh form. So we want"}, {"start": "00:10:03", "end": "00:10:05", "text": "to be able to deliver that uh to uh"}, {"start": "00:10:05", "end": "00:10:08", "text": "investors you know with the restrictions"}, {"start": "00:10:08", "end": "00:10:09", "text": "of you know having a successful"}, {"start": "00:10:09", "end": "00:10:11", "text": "riskmanaged ETF. We think that we'll be"}, {"start": "00:10:11", "end": "00:10:14", "text": "able to do that in in most cases. We've"}, {"start": "00:10:14", "end": "00:10:16", "text": "begun that on Ethereum Gayscale the only"}, {"start": "00:10:16", "end": "00:10:18", "text": "asset manager providing staked Ethereum"}, {"start": "00:10:18", "end": "00:10:20", "text": "products today. We've done that on"}, {"start": "00:10:20", "end": "00:10:22", "text": "Salana. I think it will be expanding to"}, {"start": "00:10:22", "end": "00:10:25", "text": "many of our other stakeable assets over"}, {"start": "00:10:25", "end": "00:10:26", "text": "time."}, {"start": "00:10:26", "end": "00:10:28", "text": "Well, you've got some a lot of activity"}, {"start": "00:10:28", "end": "00:10:31", "text": "right now. Uh when you look at XRP and"}, {"start": "00:10:31", "end": "00:10:34", "text": "and DeFi in general, Firelight launching"}, {"start": "00:10:34", "end": "00:10:36", "text": "December 3rd, their new whole uh"}, {"start": "00:10:36", "end": "00:10:38", "text": "Firelight protocol gets ready to go"}, {"start": "00:10:38", "end": "00:10:40", "text": "live. We'll see a lot of activity around"}, {"start": "00:10:40", "end": "00:10:43", "text": "this uh which could be uh indicative of"}, {"start": "00:10:43", "end": "00:10:46", "text": "driving more interest I think for the"}, {"start": "00:10:46", "end": "00:10:48", "text": "investor community because obviously as"}, {"start": "00:10:48", "end": "00:10:50", "text": "we see staking become a big factor. Has"}, {"start": "00:10:50", "end": "00:10:52", "text": "it has it do you feel like that's been"}, {"start": "00:10:52", "end": "00:10:54", "text": "one of the driving factors for B for"}, {"start": "00:10:54", "end": "00:10:56", "text": "what you guys have done with G Soul in"}, {"start": "00:10:56", "end": "00:10:58", "text": "terms of the staking component? Has that"}, {"start": "00:10:58", "end": "00:11:00", "text": "have investors said this is one of the"}, {"start": "00:11:00", "end": "00:11:01", "text": "reasons?"}, {"start": "00:11:01", "end": "00:11:04", "text": "100% staking is an important driver from"}, {"start": "00:11:04", "end": "00:11:06", "text": "institutional interest. they are laser"}, {"start": "00:11:06", "end": "00:11:09", "text": "focused on the ability to capture these"}, {"start": "00:11:09", "end": "00:11:12", "text": "reward rates on top of uh stakeable uh"}, {"start": "00:11:12", "end": "00:11:14", "text": "tokens and that's a key differentiator"}, {"start": "00:11:14", "end": "00:11:16", "text": "of the you know as you know proofofstake"}, {"start": "00:11:16", "end": "00:11:19", "text": "assets versus proofof workbased uh"}, {"start": "00:11:19", "end": "00:11:21", "text": "bitcoin and is a huge part of the"}, {"start": "00:11:21", "end": "00:11:22", "text": "conversation with institutional"}, {"start": "00:11:22", "end": "00:11:23", "text": "investors they are looking for that"}, {"start": "00:11:23", "end": "00:11:25", "text": "yield and on some of these protocols"}, {"start": "00:11:25", "end": "00:11:28", "text": "it's quite substantial 7% plus uh on on"}, {"start": "00:11:28", "end": "00:11:30", "text": "salana uh so has absolutely been a"}, {"start": "00:11:30", "end": "00:11:32", "text": "driver of demand for those ETF uh"}, {"start": "00:11:32", "end": "00:11:34", "text": "products I think that will continue for"}, {"start": "00:11:34", "end": "00:11:36", "text": "all the proofofstake networks as we"}, {"start": "00:11:36", "end": "00:11:39", "text": "stand up more of them in ETF structures."}, {"start": "00:11:39", "end": "00:11:41", "text": "Yeah, for anybody that's asset managers,"}, {"start": "00:11:41", "end": "00:11:42", "text": "all you have to do is look at this"}, {"start": "00:11:42", "end": "00:11:45", "text": "Doppler chart right here. Uh in terms of"}, {"start": "00:11:45", "end": "00:11:47", "text": "demand, it's there for sure. Uh let's"}, {"start": "00:11:47", "end": "00:11:49", "text": "get on to the the additional"}, {"start": "00:11:49", "end": "00:11:51", "text": "announcement that you guys have for"}, {"start": "00:11:51", "end": "00:11:53", "text": "today. And that of course is the fact"}, {"start": "00:11:53", "end": "00:11:55", "text": "that you're launching a big another big"}, {"start": "00:11:55", "end": "00:11:59", "text": "ETF today. Which one is that?"}, {"start": "00:11:59", "end": "00:12:03", "text": "Uh that is our G dog Dogecoin GD OG uh"}, {"start": "00:12:03", "end": "00:12:06", "text": "Dogecoin ETF. Look, talking about"}, {"start": "00:12:06", "end": "00:12:08", "text": "Dogecoin can't but bring a smile to my"}, {"start": "00:12:08", "end": "00:12:10", "text": "face. Uh you know, it is a kind of"}, {"start": "00:12:10", "end": "00:12:13", "text": "fascinating project within within crypto"}, {"start": "00:12:13", "end": "00:12:14", "text": "and people have different ways for"}, {"start": "00:12:14", "end": "00:12:16", "text": "thinking about it. I I think of it as"}, {"start": "00:12:16", "end": "00:12:18", "text": "tokenized internet culture. You know"}, {"start": "00:12:18", "end": "00:12:21", "text": "that that memes are part of internet"}, {"start": "00:12:21", "end": "00:12:24", "text": "culture and crypto is the financial"}, {"start": "00:12:24", "end": "00:12:27", "text": "layer uh of the internet. And so having"}, {"start": "00:12:27", "end": "00:12:29", "text": "one of these assets, a kind of a meme"}, {"start": "00:12:29", "end": "00:12:32", "text": "that is designed to make you smile"}, {"start": "00:12:32", "end": "00:12:34", "text": "essentially, uh, be available in an ETF,"}, {"start": "00:12:34", "end": "00:12:36", "text": "I think is wonderful. Uh, of course,"}, {"start": "00:12:36", "end": "00:12:38", "text": "investors should consider, you know, how"}, {"start": "00:12:38", "end": "00:12:40", "text": "do you think about putting all these"}, {"start": "00:12:40", "end": "00:12:42", "text": "assets into a portfolio? You know, which"}, {"start": "00:12:42", "end": "00:12:44", "text": "ones are likely to make the best risk"}, {"start": "00:12:44", "end": "00:12:46", "text": "adjusted returns over time. And we have"}, {"start": "00:12:46", "end": "00:12:48", "text": "all of these thoughtful conversations uh"}, {"start": "00:12:48", "end": "00:12:49", "text": "with with investors. But you know,"}, {"start": "00:12:49", "end": "00:12:53", "text": "Dogecoin and memes in general are a part"}, {"start": "00:12:53", "end": "00:12:55", "text": "of crypto, a part of the internet, and a"}, {"start": "00:12:55", "end": "00:12:57", "text": "part of culture. Now, I think will"}, {"start": "00:12:57", "end": "00:12:59", "text": "remain the case, and I think it is"}, {"start": "00:12:59", "end": "00:13:01", "text": "absolutely the right thing to have an"}, {"start": "00:13:01", "end": "00:13:04", "text": "ETF that provides access to the largest"}, {"start": "00:13:04", "end": "00:13:06", "text": "of these available to to US investors."}, {"start": "00:13:06", "end": "00:13:08", "text": "We're also thrilled to bring that"}, {"start": "00:13:08", "end": "00:13:09", "text": "product to market today."}, {"start": "00:13:09", "end": "00:13:11", "text": "Man, I I I'm going to have to get one of"}, {"start": "00:13:11", "end": "00:13:14", "text": "these shirts because I like the Gog uh I"}, {"start": "00:13:14", "end": "00:13:16", "text": "like I like the Gog tag for sure."}, {"start": "00:13:16", "end": "00:13:18", "text": "It's a good ticker. Um All right. So"}, {"start": "00:13:18", "end": "00:13:20", "text": "when you look at institutional capital,"}, {"start": "00:13:20", "end": "00:13:21", "text": "do they do they care about something"}, {"start": "00:13:21", "end": "00:13:24", "text": "like a Doge? Are they in there playing"}, {"start": "00:13:24", "end": "00:13:26", "text": "in in these kind of ETF? Do you think"}, {"start": "00:13:26", "end": "00:13:27", "text": "they will be?"}, {"start": "00:13:27", "end": "00:13:29", "text": "They care in the sense that everyone is"}, {"start": "00:13:29", "end": "00:13:31", "text": "going through a process of learning"}, {"start": "00:13:31", "end": "00:13:33", "text": "about crypto, myself included. It's"}, {"start": "00:13:33", "end": "00:13:35", "text": "really a never-ending uh journey and we"}, {"start": "00:13:35", "end": "00:13:37", "text": "have these conversations. You know, how"}, {"start": "00:13:37", "end": "00:13:39", "text": "do I think about these this asset? How"}, {"start": "00:13:39", "end": "00:13:42", "text": "is it built? What is it exactly? Um and"}, {"start": "00:13:42", "end": "00:13:43", "text": "I think that there for an institutional"}, {"start": "00:13:43", "end": "00:13:46", "text": "level I absolutely think there will be a"}, {"start": "00:13:46", "end": "00:13:48", "text": "trading interest in these uh structures"}, {"start": "00:13:48", "end": "00:13:51", "text": "you know for shorter term oriented"}, {"start": "00:13:51", "end": "00:13:53", "text": "investors absolutely there will be that"}, {"start": "00:13:53", "end": "00:13:55", "text": "type of interest look I think there are"}, {"start": "00:13:55", "end": "00:13:58", "text": "probably other assets Bitcoin Ethereum"}, {"start": "00:13:58", "end": "00:14:00", "text": "Salana we've talked about some of them"}, {"start": "00:14:00", "end": "00:14:02", "text": "you know many others on on the list that"}, {"start": "00:14:02", "end": "00:14:04", "text": "naturally go together in building an"}, {"start": "00:14:04", "end": "00:14:07", "text": "institutional long horizon portfolio but"}, {"start": "00:14:07", "end": "00:14:08", "text": "I think that there will be substantial"}, {"start": "00:14:08", "end": "00:14:10", "text": "demand uh for Dogecoin as a trading"}, {"start": "00:14:10", "end": "00:14:11", "text": "instrument"}, {"start": "00:14:11", "end": "00:14:13", "text": "uh and it will have some institutional"}, {"start": "00:14:13", "end": "00:14:15", "text": "engagement as well."}, {"start": "00:14:15", "end": "00:14:17", "text": "Well, one thing to consider and I think"}, {"start": "00:14:17", "end": "00:14:19", "text": "I look at it, you know, from a meme"}, {"start": "00:14:19", "end": "00:14:22", "text": "standpoint, I wonder if what we saw with"}, {"start": "00:14:22", "end": "00:14:25", "text": "Elon, Elon's kind of a a double-edged"}, {"start": "00:14:25", "end": "00:14:27", "text": "sword, sometimes he can hurt you,"}, {"start": "00:14:27", "end": "00:14:29", "text": "sometimes he can help you. And when I"}, {"start": "00:14:29", "end": "00:14:31", "text": "think of crypto communities, do you"}, {"start": "00:14:31", "end": "00:14:33", "text": "think what his efforts were in general?"}, {"start": "00:14:33", "end": "00:14:36", "text": "Do you think the Doge efforts that Elon"}, {"start": "00:14:36", "end": "00:14:39", "text": "was trying to make actually hurt the the"}, {"start": "00:14:39", "end": "00:14:41", "text": "concept of the of the coin itself of the"}, {"start": "00:14:41", "end": "00:14:43", "text": "token itself?"}, {"start": "00:14:43", "end": "00:14:46", "text": "Um, I think it brought attention uh to"}, {"start": "00:14:46", "end": "00:14:49", "text": "it. Look, dogecoin has the right"}, {"start": "00:14:49", "end": "00:14:52", "text": "attitude. I think this is designed to"}, {"start": "00:14:52", "end": "00:14:54", "text": "make people happy, to make people smile,"}, {"start": "00:14:54", "end": "00:14:56", "text": "to show to think about community and"}, {"start": "00:14:56", "end": "00:14:58", "text": "generosity and these types of uh"}, {"start": "00:14:58", "end": "00:15:00", "text": "concepts. It's absolutely something I"}, {"start": "00:15:00", "end": "00:15:02", "text": "can support. Uh, of course it's had"}, {"start": "00:15:02", "end": "00:15:05", "text": "volatility in the past driven by, you"}, {"start": "00:15:05", "end": "00:15:08", "text": "know, particularly uh, visible people"}, {"start": "00:15:08", "end": "00:15:10", "text": "like like Elon uh, Musk talking about"}, {"start": "00:15:10", "end": "00:15:12", "text": "this asset. And I anticipate that some"}, {"start": "00:15:12", "end": "00:15:14", "text": "things like that will continue over time"}, {"start": "00:15:14", "end": "00:15:17", "text": "and, you know, Grayscale investors, the"}, {"start": "00:15:17", "end": "00:15:18", "text": "conversation that we have with them is"}, {"start": "00:15:18", "end": "00:15:21", "text": "to think about the risks of any asset in"}, {"start": "00:15:21", "end": "00:15:24", "text": "crypto. Dogecoin has a higher risk"}, {"start": "00:15:24", "end": "00:15:26", "text": "profile than Bitcoin. It has different"}, {"start": "00:15:26", "end": "00:15:28", "text": "use case. Uh, and you're going to want"}, {"start": "00:15:28", "end": "00:15:30", "text": "to think about constructing a portfolio"}, {"start": "00:15:30", "end": "00:15:31", "text": "in a different way when you're talking"}, {"start": "00:15:31", "end": "00:15:33", "text": "about each of these different assets."}, {"start": "00:15:33", "end": "00:15:35", "text": "And I think frankly investors understand"}, {"start": "00:15:35", "end": "00:15:37", "text": "that pretty well. They don't even need"}, {"start": "00:15:37", "end": "00:15:39", "text": "me to say it, but we do provide of"}, {"start": "00:15:39", "end": "00:15:42", "text": "course these kind of risk management uh"}, {"start": "00:15:42", "end": "00:15:43", "text": "conversations regularly as well."}, {"start": "00:15:43", "end": "00:15:44", "text": "Well, listen, everybody's going to be"}, {"start": "00:15:44", "end": "00:15:47", "text": "watching this uh this ETF launch because"}, {"start": "00:15:47", "end": "00:15:50", "text": "if this one does well, then there's one"}, {"start": "00:15:50", "end": "00:15:52", "text": "more I think that should be in"}, {"start": "00:15:52", "end": "00:15:53", "text": "consideration. Of course, that is uh"}, {"start": "00:15:53", "end": "00:15:56", "text": "Penu. I mean, here you got uh"}, {"start": "00:15:56", "end": "00:15:58", "text": "Congressman Timmons, of course, goes out"}, {"start": "00:15:58", "end": "00:15:59", "text": "and plays around. Everybody has to"}, {"start": "00:15:59", "end": "00:16:01", "text": "understand this is a congressman that"}, {"start": "00:16:01", "end": "00:16:03", "text": "presented the NFT bill out there. So,"}, {"start": "00:16:03", "end": "00:16:05", "text": "this isn't just some rando congressman."}, {"start": "00:16:05", "end": "00:16:07", "text": "He understands this digital asset"}, {"start": "00:16:07", "end": "00:16:10", "text": "market. Uh but he was able to generate"}, {"start": "00:16:10", "end": "00:16:14", "text": "some immediate impact on"}, {"start": "00:16:14", "end": "00:16:15", "text": "on what happened right here. And of"}, {"start": "00:16:15", "end": "00:16:17", "text": "course, Luca even commented right there."}, {"start": "00:16:17", "end": "00:16:19", "text": "10,000 likes, no problem. Coming right"}, {"start": "00:16:19", "end": "00:16:21", "text": "up. And then, of course, he gets it"}, {"start": "00:16:21", "end": "00:16:24", "text": "changes his his avatar there. Do you"}, {"start": "00:16:24", "end": "00:16:26", "text": "think Pangu is the new Doge? Do they"}, {"start": "00:16:26", "end": "00:16:28", "text": "have a shot at maybe becoming that"}, {"start": "00:16:28", "end": "00:16:32", "text": "cultural icon like Doge did in our"}, {"start": "00:16:32", "end": "00:16:33", "text": "previous runs?"}, {"start": "00:16:33", "end": "00:16:35", "text": "Look, look, I think both of them have"}, {"start": "00:16:35", "end": "00:16:39", "text": "achieved a kind of status as a meme uh"}, {"start": "00:16:39", "end": "00:16:41", "text": "thought tokenized culture in the context"}, {"start": "00:16:41", "end": "00:16:43", "text": "of cryptonote markets and that's"}, {"start": "00:16:43", "end": "00:16:45", "text": "incredible to see. And honestly, I I"}, {"start": "00:16:45", "end": "00:16:48", "text": "love this stuff from a personal level. I"}, {"start": "00:16:48", "end": "00:16:52", "text": "find it incredibly uh fun. uh NFTTS and"}, {"start": "00:16:52", "end": "00:16:55", "text": "and memes you know as a uh you know as"}, {"start": "00:16:55", "end": "00:16:57", "text": "an asset manager you know we need to"}, {"start": "00:16:57", "end": "00:16:58", "text": "make sure that we also provide uh"}, {"start": "00:16:58", "end": "00:17:00", "text": "guidance about how to think about these"}, {"start": "00:17:00", "end": "00:17:02", "text": "things in the context of the portfolio"}, {"start": "00:17:02", "end": "00:17:04", "text": "and I can't say that the penguin or the"}, {"start": "00:17:04", "end": "00:17:06", "text": "dog I know with confidence is going to"}, {"start": "00:17:06", "end": "00:17:08", "text": "be a higher market value in the in the"}, {"start": "00:17:08", "end": "00:17:10", "text": "fullness of time what what I can say is"}, {"start": "00:17:10", "end": "00:17:12", "text": "memes are not going anywhere"}, {"start": "00:17:12", "end": "00:17:14", "text": "these should be thought of as tokenized"}, {"start": "00:17:14", "end": "00:17:16", "text": "culture uh and you know don't don't"}, {"start": "00:17:16", "end": "00:17:19", "text": "count these things out as being real big"}, {"start": "00:17:19", "end": "00:17:21", "text": "valuable assets in the fullness of of"}, {"start": "00:17:21", "end": "00:17:23", "text": "time, you know, with the caveat that"}, {"start": "00:17:23", "end": "00:17:25", "text": "it's tough to pick the right one. You're"}, {"start": "00:17:25", "end": "00:17:26", "text": "kind of making a judgment on cultural"}, {"start": "00:17:26", "end": "00:17:28", "text": "things in the same way as investing in"}, {"start": "00:17:28", "end": "00:17:30", "text": "fine art, etc. I'm sure not everyone"}, {"start": "00:17:30", "end": "00:17:32", "text": "will love the comparison of Dogecoin and"}, {"start": "00:17:32", "end": "00:17:35", "text": "Pango to to fine art, but that is how I"}, {"start": "00:17:35", "end": "00:17:36", "text": "think about it. I think it's a"}, {"start": "00:17:36", "end": "00:17:37", "text": "reasonable way to think about it's it's"}, {"start": "00:17:37", "end": "00:17:39", "text": "an element of our culture today. I think"}, {"start": "00:17:39", "end": "00:17:41", "text": "it's great to see the success that these"}, {"start": "00:17:41", "end": "00:17:44", "text": "assets have had. Well, one thing for for"}, {"start": "00:17:44", "end": "00:17:46", "text": "Pingu, we did a video with Luca not too"}, {"start": "00:17:46", "end": "00:17:49", "text": "long ago and um you know, of course,"}, {"start": "00:17:49", "end": "00:17:52", "text": "Luca being Luca says, \"Hey, we're we're"}, {"start": "00:17:52", "end": "00:17:53", "text": "going to flip we're going to flip Doge"}, {"start": "00:17:53", "end": "00:17:55", "text": "one day.\" Uh but I think the point that"}, {"start": "00:17:55", "end": "00:17:57", "text": "Luca was getting at and he's a you know,"}, {"start": "00:17:57", "end": "00:17:59", "text": "listen, this is one of the best"}, {"start": "00:17:59", "end": "00:18:00", "text": "marketers out there. I would call him"}, {"start": "00:18:00", "end": "00:18:03", "text": "the Mr. Beast of crypto uh in terms of"}, {"start": "00:18:03", "end": "00:18:05", "text": "him being able of getting really where"}, {"start": "00:18:05", "end": "00:18:08", "text": "that that community should be. And"}, {"start": "00:18:08", "end": "00:18:09", "text": "that's something that is of value"}, {"start": "00:18:09", "end": "00:18:11", "text": "because in the Doge community, not that"}, {"start": "00:18:11", "end": "00:18:13", "text": "saying that you don't they don't have a"}, {"start": "00:18:13", "end": "00:18:15", "text": "face other than Elon. I guess you could"}, {"start": "00:18:15", "end": "00:18:17", "text": "kind of call that the face of Doge. But"}, {"start": "00:18:17", "end": "00:18:19", "text": "in reality, uh, you've got someone like"}, {"start": "00:18:19", "end": "00:18:21", "text": "Luca who's really been very successful"}, {"start": "00:18:21", "end": "00:18:24", "text": "in marketing and including fidgetitals,"}, {"start": "00:18:24", "end": "00:18:26", "text": "you know, the physical aspect. They've"}, {"start": "00:18:26", "end": "00:18:28", "text": "done things with Walmart, many others."}, {"start": "00:18:28", "end": "00:18:30", "text": "That starts to get investors looking at"}, {"start": "00:18:30", "end": "00:18:33", "text": "it a little bit differently than just a"}, {"start": "00:18:33", "end": "00:18:37", "text": "meme token or a meme ETF. that I think"}, {"start": "00:18:37", "end": "00:18:39", "text": "has an opportunity to really be maybe"}, {"start": "00:18:39", "end": "00:18:41", "text": "next level. So, we'll see if if we get"}, {"start": "00:18:41", "end": "00:18:43", "text": "an ETF for Pingu."}, {"start": "00:18:43", "end": "00:18:45", "text": "I I'd say you can probably count on it"}, {"start": "00:18:45", "end": "00:18:47", "text": "in some shape or form. And you know, he"}, {"start": "00:18:47", "end": "00:18:49", "text": "is a builder. It's been fun to watch"}, {"start": "00:18:49", "end": "00:18:51", "text": "that story. We have a couple of these"}, {"start": "00:18:51", "end": "00:18:54", "text": "penguins at my house. Uh for sure. Uh"}, {"start": "00:18:54", "end": "00:18:57", "text": "and you know, I think you will see more"}, {"start": "00:18:57", "end": "00:18:58", "text": "of these types of products brought to"}, {"start": "00:18:58", "end": "00:19:00", "text": "market to the extent that there is"}, {"start": "00:19:00", "end": "00:19:02", "text": "demand. I think uh likely with the"}, {"start": "00:19:02", "end": "00:19:04", "text": "penguins there will be uh enough demand"}, {"start": "00:19:04", "end": "00:19:06", "text": "to see it in an ETF."}, {"start": "00:19:06", "end": "00:19:08", "text": "Uh I want to jump over to a couple other"}, {"start": "00:19:08", "end": "00:19:10", "text": "things before we get out of here and"}, {"start": "00:19:10", "end": "00:19:11", "text": "that is talking about what's happening"}, {"start": "00:19:11", "end": "00:19:14", "text": "in the market dramatically uh around"}, {"start": "00:19:14", "end": "00:19:17", "text": "privacy tokens and also this most recent"}, {"start": "00:19:17", "end": "00:19:18", "text": "issue that happened with Cloudflare and"}, {"start": "00:19:18", "end": "00:19:20", "text": "I want your opinion on this. Obviously"}, {"start": "00:19:20", "end": "00:19:22", "text": "as an asset manager you probably get"}, {"start": "00:19:22", "end": "00:19:24", "text": "questions around this all the time. I'm"}, {"start": "00:19:24", "end": "00:19:26", "text": "going to go to a clip because this shows"}, {"start": "00:19:26", "end": "00:19:27", "text": "a little bit about what happened with"}, {"start": "00:19:27", "end": "00:19:30", "text": "the Cloudflare outage. Take a look. A"}, {"start": "00:19:30", "end": "00:19:32", "text": "once-in-a-lifetime internet disaster"}, {"start": "00:19:32", "end": "00:19:33", "text": "just happened for the third time this"}, {"start": "00:19:33", "end": "00:19:34", "text": "year."}, {"start": "00:19:34", "end": "00:19:36", "text": "Whether it's this outage recently,"}, {"start": "00:19:36", "end": "00:19:38", "text": "Amazon Web Services, they had an issue."}, {"start": "00:19:38", "end": "00:19:40", "text": "Microsoft Azure had an issue."}, {"start": "00:19:40", "end": "00:19:43", "text": "Correct me if I'm wrong here. Was it"}, {"start": "00:19:43", "end": "00:19:45", "text": "cloud strike or crowd strike?"}, {"start": "00:19:45", "end": "00:19:48", "text": "Things are getting bad. The smart"}, {"start": "00:19:48", "end": "00:19:50", "text": "automations or AI built into these"}, {"start": "00:19:50", "end": "00:19:51", "text": "things, it failed."}, {"start": "00:19:51", "end": "00:19:53", "text": "Not because anyone is under attack, but"}, {"start": "00:19:53", "end": "00:19:56", "text": "because complex systems can and do fail."}, {"start": "00:19:56", "end": "00:19:58", "text": "These are supposed to be the big"}, {"start": "00:19:58", "end": "00:19:59", "text": "gatekeepers."}, {"start": "00:19:59", "end": "00:20:01", "text": "Like any 30-year-old highway, the"}, {"start": "00:20:01", "end": "00:20:03", "text": "potholes are starting to show up."}, {"start": "00:20:03", "end": "00:20:06", "text": "We are moving into the holiday season is"}, {"start": "00:20:06", "end": "00:20:08", "text": "the top time for cyber crime to come"}, {"start": "00:20:08", "end": "00:20:09", "text": "after consumers."}, {"start": "00:20:09", "end": "00:20:12", "text": "Well, David, on that positive note,"}, {"start": "00:20:12", "end": "00:20:14", "text": "uptime. This is really, really"}, {"start": "00:20:14", "end": "00:20:17", "text": "important. This 100% uptime very, very,"}, {"start": "00:20:17", "end": "00:20:19", "text": "very important. A dozen clients working"}, {"start": "00:20:19", "end": "00:20:21", "text": "on this thing. Uh there's thousands of"}, {"start": "00:20:21", "end": "00:20:23", "text": "nodes running this thing. Wall Street"}, {"start": "00:20:23", "end": "00:20:26", "text": "demands decentralization. There are only"}, {"start": "00:20:26", "end": "00:20:28", "text": "so many decentralized systems that can"}, {"start": "00:20:28", "end": "00:20:30", "text": "exist and have the security to support"}, {"start": "00:20:30", "end": "00:20:33", "text": "trillion dollar asset classes. This this"}, {"start": "00:20:33", "end": "00:20:35", "text": "speaks to them."}, {"start": "00:20:35", "end": "00:20:37", "text": "All right. So the point there being that"}, {"start": "00:20:37", "end": "00:20:40", "text": "Cloudflare centralized and and most of"}, {"start": "00:20:40", "end": "00:20:42", "text": "our infrastructure is centralized versus"}, {"start": "00:20:42", "end": "00:20:44", "text": "decentralized that we already have seen"}, {"start": "00:20:44", "end": "00:20:46", "text": "within the Ethereum network and others"}, {"start": "00:20:46", "end": "00:20:48", "text": "that are out there doing a very good job"}, {"start": "00:20:48", "end": "00:20:50", "text": "on decentralization. Is this an"}, {"start": "00:20:50", "end": "00:20:53", "text": "important factor to institutional"}, {"start": "00:20:53", "end": "00:20:55", "text": "investors? Do you think they are"}, {"start": "00:20:55", "end": "00:20:57", "text": "concerned with understanding that the"}, {"start": "00:20:57", "end": "00:21:00", "text": "decentralized mechanism is really the"}, {"start": "00:21:00", "end": "00:21:03", "text": "future of where all of tech is going?"}, {"start": "00:21:03", "end": "00:21:05", "text": "Absolutely. Uh this is something I'm"}, {"start": "00:21:05", "end": "00:21:06", "text": "glad that you played this clip in a very"}, {"start": "00:21:06", "end": "00:21:08", "text": "important issue. You know, I think"}, {"start": "00:21:08", "end": "00:21:11", "text": "crypto shows another way to set up these"}, {"start": "00:21:11", "end": "00:21:14", "text": "systems that has a greater resilience in"}, {"start": "00:21:14", "end": "00:21:16", "text": "different scenarios and these can be"}, {"start": "00:21:16", "end": "00:21:18", "text": "technical computer science uh"}, {"start": "00:21:18", "end": "00:21:20", "text": "infrastructure related uh issues and"}, {"start": "00:21:20", "end": "00:21:22", "text": "also macroeconomic uh issues that it"}, {"start": "00:21:22", "end": "00:21:25", "text": "creates resilience against. I think the"}, {"start": "00:21:25", "end": "00:21:27", "text": "other element you know for being frank"}, {"start": "00:21:27", "end": "00:21:29", "text": "is that you know crypto shares some of"}, {"start": "00:21:29", "end": "00:21:30", "text": "these vulnerabilities to you know"}, {"start": "00:21:30", "end": "00:21:32", "text": "cloud-based services as well. Not"}, {"start": "00:21:32", "end": "00:21:34", "text": "everything is equally decentralized with"}, {"start": "00:21:34", "end": "00:21:37", "text": "industry and I think it's also to keep"}, {"start": "00:21:37", "end": "00:21:39", "text": "pushing in that direction to keep focus"}, {"start": "00:21:39", "end": "00:21:41", "text": "on long-term resilience and reduce these"}, {"start": "00:21:41", "end": "00:21:44", "text": "dependencies so that it can be a"}, {"start": "00:21:44", "end": "00:21:46", "text": "strongest possible alternative to these"}, {"start": "00:21:46", "end": "00:21:48", "text": "traditional systems."}, {"start": "00:21:48", "end": "00:21:50", "text": "One last question and it is around"}, {"start": "00:21:50", "end": "00:21:53", "text": "privacy tokens. You see the runup right"}, {"start": "00:21:53", "end": "00:21:55", "text": "here that we're showing with Zcash which"}, {"start": "00:21:55", "end": "00:21:58", "text": "was trading back in uh September. Uh,"}, {"start": "00:21:58", "end": "00:22:01", "text": "come on guys. This is about 913 million"}, {"start": "00:22:01", "end": "00:22:04", "text": "and of course just exploding onto the"}, {"start": "00:22:04", "end": "00:22:06", "text": "scene over 10 billion now. And if you"}, {"start": "00:22:06", "end": "00:22:09", "text": "compare that to a handful of other top"}, {"start": "00:22:09", "end": "00:22:13", "text": "10, top 15 U blockchains, and I would"}, {"start": "00:22:13", "end": "00:22:16", "text": "include SUI and even Avalanche in this,"}, {"start": "00:22:16", "end": "00:22:18", "text": "first of all, do you think this is just"}, {"start": "00:22:18", "end": "00:22:21", "text": "a fad rotation? What is your your theory"}, {"start": "00:22:21", "end": "00:22:23", "text": "around why what we're seeing within"}, {"start": "00:22:23", "end": "00:22:26", "text": "privacy tokens has exploded the market"}, {"start": "00:22:26", "end": "00:22:28", "text": "so much here recently?"}, {"start": "00:22:28", "end": "00:22:30", "text": "I I really think it is a natural part of"}, {"start": "00:22:30", "end": "00:22:33", "text": "the maturation of the industry. When you"}, {"start": "00:22:33", "end": "00:22:35", "text": "look at public blockchain technology,"}, {"start": "00:22:35", "end": "00:22:37", "text": "you know, it has come so far and a lot"}, {"start": "00:22:37", "end": "00:22:39", "text": "of things have been solved or at least"}, {"start": "00:22:39", "end": "00:22:42", "text": "have gone a long way to being solved."}, {"start": "00:22:42", "end": "00:22:44", "text": "Security related issues, scaling related"}, {"start": "00:22:44", "end": "00:22:47", "text": "issues, increasingly interoperability"}, {"start": "00:22:47", "end": "00:22:50", "text": "related issues. Privacy is a big open"}, {"start": "00:22:50", "end": "00:22:53", "text": "space in in my view. It is like the most"}, {"start": "00:22:53", "end": "00:22:55", "text": "obvious missing element that needs the"}, {"start": "00:22:55", "end": "00:22:57", "text": "most development work over the next"}, {"start": "00:22:57", "end": "00:22:59", "text": "several years. And so I think it, you"}, {"start": "00:22:59", "end": "00:23:01", "text": "know, it's just the time to tackle this"}, {"start": "00:23:01", "end": "00:23:03", "text": "challenging issue of privacy. I think"}, {"start": "00:23:03", "end": "00:23:06", "text": "this theme is absolutely not going"}, {"start": "00:23:06", "end": "00:23:07", "text": "anywhere. And you know, credit to"}, {"start": "00:23:07", "end": "00:23:09", "text": "Grayscale for being on top of some of"}, {"start": "00:23:09", "end": "00:23:12", "text": "these themes for a while. We offer a uh"}, {"start": "00:23:12", "end": "00:23:16", "text": "Zcash uh trust for accredited investors"}, {"start": "00:23:16", "end": "00:23:18", "text": "um uh today and I think there will be a"}, {"start": "00:23:18", "end": "00:23:20", "text": "lot of interest in Zcash as well as"}, {"start": "00:23:20", "end": "00:23:23", "text": "other privacy technologies over time."}, {"start": "00:23:23", "end": "00:23:26", "text": "Interesting. Um well okay last point I"}, {"start": "00:23:26", "end": "00:23:27", "text": "want to get on and that is uh because"}, {"start": "00:23:27", "end": "00:23:29", "text": "this I think is an important topic as to"}, {"start": "00:23:29", "end": "00:23:32", "text": "how institutional investors move and and"}, {"start": "00:23:32", "end": "00:23:34", "text": "analyze the market in general like is"}, {"start": "00:23:34", "end": "00:23:37", "text": "this is this a risk-on environment in"}, {"start": "00:23:37", "end": "00:23:39", "text": "general. I'm looking currently at the"}, {"start": "00:23:39", "end": "00:23:41", "text": "amount of money that's flowing into the"}, {"start": "00:23:41", "end": "00:23:42", "text": "market right here. We're talking about"}, {"start": "00:23:42", "end": "00:23:46", "text": "VC money. If you look in October, 3.87"}, {"start": "00:23:46", "end": "00:23:49", "text": "billion coming into the market and it"}, {"start": "00:23:49", "end": "00:23:51", "text": "seems to be climbing. Obviously, we"}, {"start": "00:23:51", "end": "00:23:52", "text": "don't have the the November numbers yet,"}, {"start": "00:23:52", "end": "00:23:56", "text": "but clearly an uptrend over what we saw"}, {"start": "00:23:56", "end": "00:23:59", "text": "was a downtrend. So does this give the"}, {"start": "00:23:59", "end": "00:24:02", "text": "market some you know confidence in the"}, {"start": "00:24:02", "end": "00:24:03", "text": "sense that there's a lot of money coming"}, {"start": "00:24:03", "end": "00:24:05", "text": "in you know as we start to see these"}, {"start": "00:24:05", "end": "00:24:07", "text": "markets move like this especially with"}, {"start": "00:24:07", "end": "00:24:09", "text": "regulatory frameworks that are now in"}, {"start": "00:24:09", "end": "00:24:12", "text": "line is that what you think uh investors"}, {"start": "00:24:12", "end": "00:24:14", "text": "are getting more comfortable with"}, {"start": "00:24:14", "end": "00:24:16", "text": "longer term anyone with a longer term"}, {"start": "00:24:16", "end": "00:24:20", "text": "perspective VC investors builders"}, {"start": "00:24:20", "end": "00:24:22", "text": "business operators feels optimistic"}, {"start": "00:24:22", "end": "00:24:25", "text": "about where crypto is uh today and you"}, {"start": "00:24:25", "end": "00:24:26", "text": "know we we include it's it's really"}, {"start": "00:24:26", "end": "00:24:28", "text": "difficult to kind of look broadly at"}, {"start": "00:24:28", "end": "00:24:30", "text": "industry and not feel great about where"}, {"start": "00:24:30", "end": "00:24:32", "text": "the arrows are pointed over the short"}, {"start": "00:24:32", "end": "00:24:34", "text": "run. You know, there's lots of things"}, {"start": "00:24:34", "end": "00:24:36", "text": "can affect markets like Federal Reserve"}, {"start": "00:24:36", "end": "00:24:38", "text": "uh meetings. But that that chart, I"}, {"start": "00:24:38", "end": "00:24:40", "text": "think, speaks exactly to that longer"}, {"start": "00:24:40", "end": "00:24:43", "text": "term confidence. There is a long way to"}, {"start": "00:24:43", "end": "00:24:45", "text": "go, a lot to build and a very bright"}, {"start": "00:24:45", "end": "00:24:48", "text": "future for these assets uh and the"}, {"start": "00:24:48", "end": "00:24:49", "text": "technology in the future. And these"}, {"start": "00:24:49", "end": "00:24:51", "text": "investors are making that type of"}, {"start": "00:24:51", "end": "00:24:53", "text": "long-term uh bet and we would encourage"}, {"start": "00:24:53", "end": "00:24:55", "text": "people to try to think about it in in"}, {"start": "00:24:55", "end": "00:24:57", "text": "that way. Although we're happy to help"}, {"start": "00:24:57", "end": "00:24:58", "text": "try to navigate the short-term ups and"}, {"start": "00:24:58", "end": "00:25:00", "text": "downs as well."}, {"start": "00:25:00", "end": "00:25:02", "text": "Understood. Uh Zach Pandle coming in"}, {"start": "00:25:02", "end": "00:25:04", "text": "from Grayscale. Great to have you on the"}, {"start": "00:25:04", "end": "00:25:06", "text": "show. Thanks for stopping in."}, {"start": "00:25:06", "end": "00:25:07", "text": "Always a pleasure, Paul. Thank you."}, {"start": "00:25:07", "end": "00:25:09", "text": "You bet. Good luck to you and your uh"}, {"start": "00:25:09", "end": "00:25:12", "text": "your team on the the two ETF launches"}, {"start": "00:25:12", "end": "00:25:13", "text": "today. So, it'll be good. Hey, you guys"}, {"start": "00:25:13", "end": "00:25:15", "text": "know what to do. If you're not in the"}, {"start": "00:25:15", "end": "00:25:16", "text": "diamond circle, make sure and get in on"}, {"start": "00:25:16", "end": "00:25:18", "text": "that. Uh you can do that by just"}, {"start": "00:25:18", "end": "00:25:20", "text": "clicking the link down below. It's a"}, {"start": "00:25:20", "end": "00:25:23", "text": "free uh group that you can join and um"}, {"start": "00:25:23", "end": "00:25:24", "text": "it's worth it. I think you guys will"}, {"start": "00:25:24", "end": "00:25:26", "text": "like it. Uh, we send out an email each"}, {"start": "00:25:26", "end": "00:25:28", "text": "week. I do an analysis within that."}, {"start": "00:25:28", "end": "00:25:30", "text": "Gives you guys some in insights onto"}, {"start": "00:25:30", "end": "00:25:32", "text": "where the market is going. And of"}, {"start": "00:25:32", "end": "00:25:33", "text": "course, hit me out there on X at Paul"}, {"start": "00:25:33", "end": "00:25:34", "text": "Baron. We'll catch you next time right"}, {"start": "00:25:34", "end": "00:25:38", "text": "here on the Paul Baron Show."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "One of the big things that will make"}, {"start": "00:00:01", "end": "00:00:03", "text": "crypto Zoom is, of course, how it"}, {"start": "00:00:03", "end": "00:00:05", "text": "integrates into payments and point of"}, {"start": "00:00:05", "end": "00:00:06", "text": "sale. We're going to talk about that"}, {"start": "00:00:06", "end": "00:00:07", "text": "today. We're going to have a special"}, {"start": "00:00:07", "end": "00:00:09", "text": "guest. Don't miss it. Let's just jump"}, {"start": "00:00:09", "end": "00:00:10", "text": "right into the show. I do want to thank"}, {"start": "00:00:10", "end": "00:00:13", "text": "our sponsor and that is Tandem. You guys"}, {"start": "00:00:13", "end": "00:00:15", "text": "can jump over and get self-custody going"}, {"start": "00:00:15", "end": "00:00:17", "text": "over on tang.com. It's very easy to set"}, {"start": "00:00:17", "end": "00:00:19", "text": "up over there. They've got a lot of new"}, {"start": "00:00:19", "end": "00:00:22", "text": "stuff coming out as well. I won't spoil"}, {"start": "00:00:22", "end": "00:00:23", "text": "it for you guys, but I will tell you"}, {"start": "00:00:23", "end": "00:00:25", "text": "this. There is a lot of new things"}, {"start": "00:00:25", "end": "00:00:27", "text": "happening and we'll be releasing it here"}, {"start": "00:00:27", "end": "00:00:30", "text": "on the channel uh with a tandem"}, {"start": "00:00:30", "end": "00:00:32", "text": "interview. So, now is the time to get"}, {"start": "00:00:32", "end": "00:00:34", "text": "your self-custody wallet. Use our link"}, {"start": "00:00:34", "end": "00:00:36", "text": "down below to get started. All right."}, {"start": "00:00:36", "end": "00:00:37", "text": "So, we're going to have a guest today."}, {"start": "00:00:37", "end": "00:00:38", "text": "We're going to be talking about point of"}, {"start": "00:00:38", "end": "00:00:41", "text": "sale devices and why this is in so"}, {"start": "00:00:41", "end": "00:00:44", "text": "important to crypto in general. Binance"}, {"start": "00:00:44", "end": "00:00:47", "text": "Pay merchants now surged past 20 million"}, {"start": "00:00:47", "end": "00:00:49", "text": "uh merchants. This, of course, is all"}, {"start": "00:00:49", "end": "00:00:51", "text": "brewing as stable coin use is starting"}, {"start": "00:00:51", "end": "00:00:53", "text": "to sore. This will start to make its way"}, {"start": "00:00:53", "end": "00:00:56", "text": "into the United States in a big way. I"}, {"start": "00:00:56", "end": "00:00:58", "text": "want to go to a clip because this is"}, {"start": "00:00:58", "end": "00:01:00", "text": "where we're going to see possibly"}, {"start": "00:01:00", "end": "00:01:02", "text": "merchant stable coin adoption starting"}, {"start": "00:01:02", "end": "00:01:04", "text": "to explode. Take a look."}, {"start": "00:01:04", "end": "00:01:07", "text": "Every Fortune 500 merchant that accepts"}, {"start": "00:01:07", "end": "00:01:09", "text": "digital assets, it's powered by Flexa,"}, {"start": "00:01:09", "end": "00:01:10", "text": "except for maybe one, and that might be"}, {"start": "00:01:10", "end": "00:01:12", "text": "Tesla. So, today, I mean, around where"}, {"start": "00:01:12", "end": "00:01:14", "text": "we are, you can go to Chipotle and get"}, {"start": "00:01:14", "end": "00:01:15", "text": "lunch. Let's go base pay app. We're"}, {"start": "00:01:15", "end": "00:01:17", "text": "going to use the U Chipotle mini app in"}, {"start": "00:01:17", "end": "00:01:18", "text": "this."}, {"start": "00:01:18", "end": "00:01:19", "text": "Search it."}, {"start": "00:01:19", "end": "00:01:21", "text": "There we go."}, {"start": "00:01:21", "end": "00:01:22", "text": "So now we're going to use the Chipotle"}, {"start": "00:01:22", "end": "00:01:24", "text": "mini app. 50."}, {"start": "00:01:24", "end": "00:01:25", "text": "It's that easy."}, {"start": "00:01:25", "end": "00:01:26", "text": "Yeah, it's dude."}, {"start": "00:01:26", "end": "00:01:27", "text": "I can do it."}, {"start": "00:01:27", "end": "00:01:29", "text": "The most important thing we needed to"}, {"start": "00:01:29", "end": "00:01:31", "text": "happen is happening. That's the genius"}, {"start": "00:01:31", "end": "00:01:34", "text": "act. It's been fixed since 2019. And we"}, {"start": "00:01:34", "end": "00:01:36", "text": "got to keep saying that as loudly as"}, {"start": "00:01:36", "end": "00:01:36", "text": "possible."}, {"start": "00:01:36", "end": "00:01:38", "text": "And in Asia, the digital assets are"}, {"start": "00:01:38", "end": "00:01:40", "text": "gaining serious ground. of the"}, {"start": "00:01:40", "end": "00:01:43", "text": "institutions that we had surveyed, 56%"}, {"start": "00:01:43", "end": "00:01:45", "text": "of them have already been engaged in"}, {"start": "00:01:45", "end": "00:01:47", "text": "doing stablecoin projects and 40% of"}, {"start": "00:01:47", "end": "00:01:49", "text": "them are piloting or planning some sort"}, {"start": "00:01:49", "end": "00:01:51", "text": "of stablecoin related projects already."}, {"start": "00:01:51", "end": "00:01:53", "text": "That of course was Daniel McCabe of"}, {"start": "00:01:53", "end": "00:01:55", "text": "Flexa. We've had the Flexa team on here"}, {"start": "00:01:55", "end": "00:01:58", "text": "before. One of the the problems that I"}, {"start": "00:01:58", "end": "00:02:00", "text": "think existed is this whole QR code"}, {"start": "00:02:00", "end": "00:02:03", "text": "issue which eventually was resolved and"}, {"start": "00:02:03", "end": "00:02:05", "text": "of course this was tweeted out by Daniel"}, {"start": "00:02:05", "end": "00:02:07", "text": "Flexa partnering with Burner which is"}, {"start": "00:02:07", "end": "00:02:08", "text": "who we're going to be having on the show"}, {"start": "00:02:08", "end": "00:02:10", "text": "here in a second. But the flex terminal"}, {"start": "00:02:10", "end": "00:02:13", "text": "now portable cardless path. This of"}, {"start": "00:02:13", "end": "00:02:15", "text": "course is good because it's going to be"}, {"start": "00:02:15", "end": "00:02:17", "text": "tap to pay which char starts to change"}, {"start": "00:02:17", "end": "00:02:20", "text": "the dynamics of how crypto is going to"}, {"start": "00:02:20", "end": "00:02:22", "text": "be used. I want to go to a quick example"}, {"start": "00:02:22", "end": "00:02:24", "text": "of this and then we'll bring in our"}, {"start": "00:02:24", "end": "00:02:25", "text": "guest. Take a look."}, {"start": "00:02:25", "end": "00:02:27", "text": "That time of year when everyone gifts"}, {"start": "00:02:27", "end": "00:02:30", "text": "you money. Burner. Load it, back it up,"}, {"start": "00:02:30", "end": "00:02:32", "text": "take it with you. Crypto you can gift"}, {"start": "00:02:32", "end": "00:02:34", "text": "like cash."}, {"start": "00:02:34", "end": "00:02:36", "text": "Uh this is the burner wallet. That was a"}, {"start": "00:02:36", "end": "00:02:38", "text": "card that we just showed there. And I"}, {"start": "00:02:38", "end": "00:02:40", "text": "want to bring on our guest today who is"}, {"start": "00:02:40", "end": "00:02:42", "text": "uh Cameron Robertson who is the"}, {"start": "00:02:42", "end": "00:02:44", "text": "co-founder and CEO over at Burner. Great"}, {"start": "00:02:44", "end": "00:02:45", "text": "to have you."}, {"start": "00:02:45", "end": "00:02:46", "text": "Thanks Paul. Great to be here."}, {"start": "00:02:46", "end": "00:02:48", "text": "All right. So Cameron, I know you're at"}, {"start": "00:02:48", "end": "00:02:51", "text": "Dev Connect, so down in Argentina. Uh"}, {"start": "00:02:51", "end": "00:02:52", "text": "making a lot of connections out there"}, {"start": "00:02:52", "end": "00:02:54", "text": "hopefully for Burner"}, {"start": "00:02:54", "end": "00:02:56", "text": "and uh let's kind of go into it because"}, {"start": "00:02:56", "end": "00:02:59", "text": "there's a lot happening around the"}, {"start": "00:02:59", "end": "00:03:02", "text": "adoption cycle for using crypto in the"}, {"start": "00:03:02", "end": "00:03:05", "text": "payment ecosystem. Now with clarity,"}, {"start": "00:03:05", "end": "00:03:07", "text": "Daniel even mentioned it is that almost"}, {"start": "00:03:07", "end": "00:03:09", "text": "every Fortune 500 brand is going to have"}, {"start": "00:03:09", "end": "00:03:11", "text": "their own stable coin. This will start"}, {"start": "00:03:11", "end": "00:03:13", "text": "to really kind of accelerate things"}, {"start": "00:03:13", "end": "00:03:14", "text": "going."}, {"start": "00:03:14", "end": "00:03:17", "text": "When you look at that and where you guys"}, {"start": "00:03:17", "end": "00:03:19", "text": "are, first of all, how many users do you"}, {"start": "00:03:19", "end": "00:03:20", "text": "guys have today?"}, {"start": "00:03:20", "end": "00:03:22", "text": "Yeah, we've distributed around 30 to"}, {"start": "00:03:22", "end": "00:03:24", "text": "40,000 burner cards uh across the"}, {"start": "00:03:24", "end": "00:03:24", "text": "ecosystem."}, {"start": "00:03:24", "end": "00:03:26", "text": "All right. 30 to 40,000. What do you"}, {"start": "00:03:26", "end": "00:03:28", "text": "think the total market looks like for"}, {"start": "00:03:28", "end": "00:03:30", "text": "burner as a whole? Cuz I know this is an"}, {"start": "00:03:30", "end": "00:03:34", "text": "open uh platform. give me a a kind of a"}, {"start": "00:03:34", "end": "00:03:35", "text": "framework of the TAM."}, {"start": "00:03:35", "end": "00:03:37", "text": "We think about burner with respect to"}, {"start": "00:03:37", "end": "00:03:40", "text": "prepaid cards and so the prepaid card"}, {"start": "00:03:40", "end": "00:03:42", "text": "market is massive approaching a trillion"}, {"start": "00:03:42", "end": "00:03:43", "text": "dollars depending on how you slice it,"}, {"start": "00:03:43", "end": "00:03:45", "text": "but it's it's a pretty big market. So I"}, {"start": "00:03:45", "end": "00:03:46", "text": "think that's what burner plays in."}, {"start": "00:03:46", "end": "00:03:48", "text": "Obviously it's a self-custody product"}, {"start": "00:03:48", "end": "00:03:50", "text": "too, but I think that prepaid is just a"}, {"start": "00:03:50", "end": "00:03:52", "text": "much bigger space for us to play in"}, {"start": "00:03:52", "end": "00:03:53", "text": "which I would agree. I think the gift"}, {"start": "00:03:53", "end": "00:03:54", "text": "card side of this is going to be pretty"}, {"start": "00:03:54", "end": "00:03:56", "text": "big. Even though I think the terminal"}, {"start": "00:03:56", "end": "00:03:57", "text": "side"}, {"start": "00:03:57", "end": "00:04:00", "text": "uh is equally important because it will"}, {"start": "00:04:00", "end": "00:04:03", "text": "start to translate to prepaid cards uh"}, {"start": "00:04:03", "end": "00:04:05", "text": "as well as as you get into that. This of"}, {"start": "00:04:05", "end": "00:04:07", "text": "course is your terminal. When I saw this"}, {"start": "00:04:07", "end": "00:04:08", "text": "the first time I said, \"Oh, this is"}, {"start": "00:04:08", "end": "00:04:11", "text": "going to be quite interesting if this"}, {"start": "00:04:11", "end": "00:04:13", "text": "starts to compete with the Titans out"}, {"start": "00:04:13", "end": "00:04:15", "text": "there.\" Some of the Titans of course"}, {"start": "00:04:15", "end": "00:04:17", "text": "that we've had and talked about before."}, {"start": "00:04:17", "end": "00:04:19", "text": "This kind of shows you an example of how"}, {"start": "00:04:19", "end": "00:04:20", "text": "the burner card works with your"}, {"start": "00:04:20", "end": "00:04:22", "text": "terminal. How do you guys line up"}, {"start": "00:04:22", "end": "00:04:24", "text": "against someone like a Square or a"}, {"start": "00:04:24", "end": "00:04:26", "text": "Clover who pretty much dominate point of"}, {"start": "00:04:26", "end": "00:04:28", "text": "sale terminals right now in retail?"}, {"start": "00:04:28", "end": "00:04:31", "text": "We have a lot of similar features in the"}, {"start": "00:04:31", "end": "00:04:32", "text": "sense that we can still process"}, {"start": "00:04:32", "end": "00:04:34", "text": "traditional credit cards. So, we have a"}, {"start": "00:04:34", "end": "00:04:37", "text": "seamless processing between crypto card"}, {"start": "00:04:37", "end": "00:04:40", "text": "like a burner and credit cards."}, {"start": "00:04:40", "end": "00:04:43", "text": "Um, but we don't offer sort of the the"}, {"start": "00:04:43", "end": "00:04:45", "text": "full back of restaurant experience that"}, {"start": "00:04:45", "end": "00:04:46", "text": "you might get with a Clover. We're not"}, {"start": "00:04:46", "end": "00:04:48", "text": "going to be printing out receipts for"}, {"start": "00:04:48", "end": "00:04:50", "text": "orders or things like that. Um,"}, {"start": "00:04:50", "end": "00:04:52", "text": "so we think a lot of merchants will"}, {"start": "00:04:52", "end": "00:04:53", "text": "actually have a dual terminal approach"}, {"start": "00:04:53", "end": "00:04:56", "text": "at launch. They'll have their big clover"}, {"start": "00:04:56", "end": "00:04:58", "text": "system, their toast system, and then"}, {"start": "00:04:58", "end": "00:05:00", "text": "burner will basically be like a new form"}, {"start": "00:05:00", "end": "00:05:02", "text": "of cash. Uh, so they'll be able to mark"}, {"start": "00:05:02", "end": "00:05:04", "text": "as cash in their existing terminal,"}, {"start": "00:05:04", "end": "00:05:07", "text": "enter it on burner, and tap to pay right"}, {"start": "00:05:07", "end": "00:05:07", "text": "there."}, {"start": "00:05:07", "end": "00:05:09", "text": "So speed is still there. And I think for"}, {"start": "00:05:09", "end": "00:05:10", "text": "a lot of people thinking, well, that's"}, {"start": "00:05:10", "end": "00:05:13", "text": "not going to work. In reality, Uber used"}, {"start": "00:05:13", "end": "00:05:15", "text": "to do that because before it was"}, {"start": "00:05:15", "end": "00:05:17", "text": "integrated into the back of house, you"}, {"start": "00:05:17", "end": "00:05:19", "text": "had what I used to call is the tablet"}, {"start": "00:05:19", "end": "00:05:21", "text": "farm. You had tablets from all the"}, {"start": "00:05:21", "end": "00:05:23", "text": "different uh third party delivery"}, {"start": "00:05:23", "end": "00:05:25", "text": "similar to that. You think that's So"}, {"start": "00:05:25", "end": "00:05:27", "text": "your point is is that this is one"}, {"start": "00:05:27", "end": "00:05:29", "text": "adjacent system looks very very clean in"}, {"start": "00:05:29", "end": "00:05:31", "text": "terms of the device it size. What's the"}, {"start": "00:05:31", "end": "00:05:32", "text": "size of those? Do you have one of those"}, {"start": "00:05:32", "end": "00:05:33", "text": "on you?"}, {"start": "00:05:33", "end": "00:05:35", "text": "Unfortunately, my colleague is demoing"}, {"start": "00:05:35", "end": "00:05:37", "text": "with the sole prototype that we have."}, {"start": "00:05:37", "end": "00:05:39", "text": "It's it's pretty small. It's it's uh"}, {"start": "00:05:39", "end": "00:05:41", "text": "about four inches across."}, {"start": "00:05:41", "end": "00:05:43", "text": "And um yeah, I think you know to be"}, {"start": "00:05:43", "end": "00:05:45", "text": "honest there's also a whole different"}, {"start": "00:05:45", "end": "00:05:47", "text": "category of business which is a cash"}, {"start": "00:05:47", "end": "00:05:48", "text": "focused business. Yes."}, {"start": "00:05:48", "end": "00:05:51", "text": "Um they may have an existing little uh"}, {"start": "00:05:51", "end": "00:05:53", "text": "receipt printer POS. This is a perfect"}, {"start": "00:05:53", "end": "00:05:55", "text": "replacement for that. Um you can drop it"}, {"start": "00:05:55", "end": "00:05:56", "text": "in. We're going to have a cradle you can"}, {"start": "00:05:56", "end": "00:05:59", "text": "mount it to. And so if you if you see"}, {"start": "00:05:59", "end": "00:06:01", "text": "the businesses that say, \"Hey, we prefer"}, {"start": "00:06:01", "end": "00:06:04", "text": "cash, mom and pops, food trucks, um"}, {"start": "00:06:04", "end": "00:06:07", "text": "anyone uh anyone who who likes to be in"}, {"start": "00:06:07", "end": "00:06:09", "text": "that space, play businesses that are"}, {"start": "00:06:09", "end": "00:06:10", "text": "regulated who might not be able to get"}, {"start": "00:06:10", "end": "00:06:11", "text": "bank accounts, that's really going to be"}, {"start": "00:06:11", "end": "00:06:13", "text": "our our initial target market."}, {"start": "00:06:13", "end": "00:06:15", "text": "How quickly do you think this can"}, {"start": "00:06:15", "end": "00:06:16", "text": "scale?\""}, {"start": "00:06:16", "end": "00:06:18", "text": "So I think what we have is sort of a a"}, {"start": "00:06:18", "end": "00:06:20", "text": "two-sided market problem in the sense"}, {"start": "00:06:20", "end": "00:06:22", "text": "where we're both growing burners as well"}, {"start": "00:06:22", "end": "00:06:24", "text": "as the terminals themselves. Yeah."}, {"start": "00:06:24", "end": "00:06:26", "text": "Um, but with Terminal, we're going to"}, {"start": "00:06:26", "end": "00:06:29", "text": "work through more traditional partners"}, {"start": "00:06:29", "end": "00:06:32", "text": "who sell merchant processing services to"}, {"start": "00:06:32", "end": "00:06:34", "text": "customers in order to get it out there."}, {"start": "00:06:34", "end": "00:06:37", "text": "Um, and so we're not just going to be, I"}, {"start": "00:06:37", "end": "00:06:39", "text": "would say, trying to sell a purely"}, {"start": "00:06:39", "end": "00:06:41", "text": "crypto product. We can say, hey, we're"}, {"start": "00:06:41", "end": "00:06:43", "text": "going to offer you the same credit card"}, {"start": "00:06:43", "end": "00:06:44", "text": "processing that you've had before in a"}, {"start": "00:06:44", "end": "00:06:47", "text": "reasonably priced um, easy to use form"}, {"start": "00:06:47", "end": "00:06:49", "text": "factor. And then we Trojan horse the"}, {"start": "00:06:49", "end": "00:06:50", "text": "crypto side into that."}, {"start": "00:06:50", "end": "00:06:52", "text": "All right. So, how does that work in"}, {"start": "00:06:52", "end": "00:06:54", "text": "comparison to the transaction fees? If"}, {"start": "00:06:54", "end": "00:06:57", "text": "you look at Square and Clover as an"}, {"start": "00:06:57", "end": "00:06:59", "text": "example here of the transaction rate"}, {"start": "00:06:59", "end": "00:07:01", "text": "that they kind of lock in because"}, {"start": "00:07:01", "end": "00:07:03", "text": "they're giving the devices most of the"}, {"start": "00:07:03", "end": "00:07:04", "text": "time for free on these point of sales"}, {"start": "00:07:04", "end": "00:07:06", "text": "because they're getting back revenue"}, {"start": "00:07:06", "end": "00:07:09", "text": "from these transaction rates."}, {"start": "00:07:09", "end": "00:07:11", "text": "Where do you guys fall in this? Because"}, {"start": "00:07:11", "end": "00:07:12", "text": "my understanding is it's going to be"}, {"start": "00:07:12", "end": "00:07:14", "text": "either low cost or no cost."}, {"start": "00:07:14", "end": "00:07:16", "text": "Right. Exactly. So on the stable coin"}, {"start": "00:07:16", "end": "00:07:18", "text": "processing side, we haven't disclosed"}, {"start": "00:07:18", "end": "00:07:20", "text": "the rates formly, but we anticipate if"}, {"start": "00:07:20", "end": "00:07:22", "text": "if the merchant is receiving stable"}, {"start": "00:07:22", "end": "00:07:23", "text": "coins and they're willing to stay in"}, {"start": "00:07:23", "end": "00:07:25", "text": "those stable coins, it'll be effectively"}, {"start": "00:07:25", "end": "00:07:29", "text": "free. Um there may be in certain cases"}, {"start": "00:07:29", "end": "00:07:30", "text": "gas charges depending on the network"}, {"start": "00:07:30", "end": "00:07:32", "text": "that the person is paying on, but there"}, {"start": "00:07:32", "end": "00:07:34", "text": "might be options to charge that back to"}, {"start": "00:07:34", "end": "00:07:36", "text": "the user as opposed to the merchant. So"}, {"start": "00:07:36", "end": "00:07:38", "text": "um really we're going to focus on the"}, {"start": "00:07:38", "end": "00:07:41", "text": "offramping fee and the off-ramping fee"}, {"start": "00:07:41", "end": "00:07:42", "text": "is going to be much much less than"}, {"start": "00:07:42", "end": "00:07:44", "text": "traditional merchant processing fees. um"}, {"start": "00:07:44", "end": "00:07:47", "text": "you know think in the realm of 1% or"}, {"start": "00:07:47", "end": "00:07:50", "text": "less uh so versus a 3% or 2.5."}, {"start": "00:07:50", "end": "00:07:50", "text": "Yeah."}, {"start": "00:07:50", "end": "00:07:53", "text": "The offramping you're saying 1% if you"}, {"start": "00:07:53", "end": "00:07:55", "text": "wanted to come out but if they kept it"}, {"start": "00:07:55", "end": "00:07:57", "text": "in there would they be able to earn"}, {"start": "00:07:57", "end": "00:07:58", "text": "yield on it? Do you guys are you"}, {"start": "00:07:58", "end": "00:08:00", "text": "planning to to do anything like that to"}, {"start": "00:08:00", "end": "00:08:02", "text": "where maybe the merchant could uh I mean"}, {"start": "00:08:02", "end": "00:08:04", "text": "because there's a there's a handful of"}, {"start": "00:08:04", "end": "00:08:05", "text": "people out there that are doing that"}, {"start": "00:08:05", "end": "00:08:07", "text": "right now. Yeah, we've we've been"}, {"start": "00:08:07", "end": "00:08:09", "text": "thinking about sort of um a bigger"}, {"start": "00:08:09", "end": "00:08:11", "text": "product there to make it easier for"}, {"start": "00:08:11", "end": "00:08:13", "text": "merchants to manage their cash flow to"}, {"start": "00:08:13", "end": "00:08:16", "text": "retain some of it and earn yield. I"}, {"start": "00:08:16", "end": "00:08:17", "text": "think depending on the nature of the"}, {"start": "00:08:17", "end": "00:08:19", "text": "merchant, a lot of businesses, cash"}, {"start": "00:08:19", "end": "00:08:20", "text": "businesses, they have to have the money"}, {"start": "00:08:20", "end": "00:08:22", "text": "go out the door right away. But for"}, {"start": "00:08:22", "end": "00:08:24", "text": "those businesses that might want to um"}, {"start": "00:08:24", "end": "00:08:27", "text": "hold funds because they're seasonal and"}, {"start": "00:08:27", "end": "00:08:28", "text": "they they need to, you know, be paying"}, {"start": "00:08:28", "end": "00:08:30", "text": "out their employees in those down months"}, {"start": "00:08:30", "end": "00:08:32", "text": "and then they have their uh you know,"}, {"start": "00:08:32", "end": "00:08:35", "text": "their Black Fridays that that product"}, {"start": "00:08:35", "end": "00:08:37", "text": "would work really well for them. Um"}, {"start": "00:08:37", "end": "00:08:38", "text": "we're also thinking of all sorts of"}, {"start": "00:08:38", "end": "00:08:39", "text": "other DeFi products. You know, the"}, {"start": "00:08:39", "end": "00:08:41", "text": "moment that we're on to the crypto"}, {"start": "00:08:41", "end": "00:08:43", "text": "rails, we can start to offer things, you"}, {"start": "00:08:43", "end": "00:08:45", "text": "know, possibly as interesting as as"}, {"start": "00:08:45", "end": "00:08:47", "text": "lending and extending them credit lines"}, {"start": "00:08:47", "end": "00:08:49", "text": "based on the amount of funds that"}, {"start": "00:08:49", "end": "00:08:50", "text": "they're passing through the terminal."}, {"start": "00:08:50", "end": "00:08:52", "text": "kind of like a firm and you know some of"}, {"start": "00:08:52", "end": "00:08:54", "text": "the companies I I know with Stripe"}, {"start": "00:08:54", "end": "00:08:55", "text": "they're doing that right now where"}, {"start": "00:08:55", "end": "00:08:57", "text": "they're trying to lend to merchants uh"}, {"start": "00:08:57", "end": "00:08:59", "text": "based on their revenue that's coming in."}, {"start": "00:08:59", "end": "00:09:00", "text": "So that's a and that's a big revenue"}, {"start": "00:09:00", "end": "00:09:03", "text": "center for Stripe. Any plan to make"}, {"start": "00:09:03", "end": "00:09:04", "text": "these just free if especially if you"}, {"start": "00:09:04", "end": "00:09:05", "text": "load them up?"}, {"start": "00:09:05", "end": "00:09:07", "text": "I would say what we want to do is we"}, {"start": "00:09:07", "end": "00:09:08", "text": "want to figure out that path to loading"}, {"start": "00:09:08", "end": "00:09:10", "text": "them up and that works that means we"}, {"start": "00:09:10", "end": "00:09:12", "text": "have to work closely with retailers and"}, {"start": "00:09:12", "end": "00:09:14", "text": "consider the implications around uh"}, {"start": "00:09:14", "end": "00:09:17", "text": "money transmission licenses KYC things"}, {"start": "00:09:17", "end": "00:09:19", "text": "like that. So once we get through that,"}, {"start": "00:09:19", "end": "00:09:20", "text": "selling them preloaded is something that"}, {"start": "00:09:20", "end": "00:09:22", "text": "we're really interested in. And then"}, {"start": "00:09:22", "end": "00:09:24", "text": "that will allow us to reduce the upfront"}, {"start": "00:09:24", "end": "00:09:26", "text": "price. So for instance, if you buy"}, {"start": "00:09:26", "end": "00:09:27", "text": "what's called an openloop gift card, you"}, {"start": "00:09:27", "end": "00:09:30", "text": "go and get like a a Visa vanilla gift"}, {"start": "00:09:30", "end": "00:09:32", "text": "card. Um you'll be able to get your"}, {"start": "00:09:32", "end": "00:09:34", "text": "$100, but it's probably going to cost"}, {"start": "00:09:34", "end": "00:09:37", "text": "you 105 to 107 depending on the"}, {"start": "00:09:37", "end": "00:09:40", "text": "retailer. Um and so that's probably the"}, {"start": "00:09:40", "end": "00:09:41", "text": "price point that we'll play in as well"}, {"start": "00:09:41", "end": "00:09:42", "text": "when they're preloaded. The difference"}, {"start": "00:09:42", "end": "00:09:43", "text": "of course being that burner is a"}, {"start": "00:09:43", "end": "00:09:45", "text": "full-fledged hardware wallet, not simply"}, {"start": "00:09:45", "end": "00:09:47", "text": "a piece of plastic. How does this work"}, {"start": "00:09:47", "end": "00:09:50", "text": "if you were to lose your your card?"}, {"start": "00:09:50", "end": "00:09:52", "text": "If you have a singular burner card, it's"}, {"start": "00:09:52", "end": "00:09:54", "text": "like cash. If you lose the card, the"}, {"start": "00:09:54", "end": "00:09:56", "text": "funds are gone. If you're using it as a"}, {"start": "00:09:56", "end": "00:09:57", "text": "hardware wallet and you want to store"}, {"start": "00:09:57", "end": "00:09:59", "text": "greater amounts of value on it,"}, {"start": "00:09:59", "end": "00:10:00", "text": "um there's a couple of things we"}, {"start": "00:10:00", "end": "00:10:02", "text": "suggest. The first is you can duplicate"}, {"start": "00:10:02", "end": "00:10:04", "text": "one burner to a second burner. So, you"}, {"start": "00:10:04", "end": "00:10:08", "text": "can have cloned burners um because you,"}, {"start": "00:10:08", "end": "00:10:11", "text": "you know, you've put a whole ETH on it"}, {"start": "00:10:11", "end": "00:10:13", "text": "or or multiple thousands of dollars. The"}, {"start": "00:10:13", "end": "00:10:15", "text": "other thing that I recommend is I love"}, {"start": "00:10:15", "end": "00:10:17", "text": "to use it in a multi-IG. So I attach it"}, {"start": "00:10:17", "end": "00:10:21", "text": "to a Nosis safe and now all of a sudden,"}, {"start": "00:10:21", "end": "00:10:23", "text": "you know, it's it's just one key amongst"}, {"start": "00:10:23", "end": "00:10:25", "text": "several, but it's hardware it's a"}, {"start": "00:10:25", "end": "00:10:26", "text": "hardware key as opposed to a software."}, {"start": "00:10:26", "end": "00:10:28", "text": "Yeah, it becomes kind of a a hardware"}, {"start": "00:10:28", "end": "00:10:30", "text": "wallet in essence. Uh what blockchains"}, {"start": "00:10:30", "end": "00:10:32", "text": "are you guys supporting right now?"}, {"start": "00:10:32", "end": "00:10:34", "text": "So we have an Ethereum variant, and the"}, {"start": "00:10:34", "end": "00:10:37", "text": "Ethereum variant supports mainet, base,"}, {"start": "00:10:37", "end": "00:10:40", "text": "optimism, and arbitum. We could support"}, {"start": "00:10:40", "end": "00:10:43", "text": "any EVM chain. We like to keep it"}, {"start": "00:10:43", "end": "00:10:44", "text": "constrained because our whole thing is"}, {"start": "00:10:44", "end": "00:10:47", "text": "ease of use. Um there's other folks who"}, {"start": "00:10:47", "end": "00:10:50", "text": "have built open open apps that interact"}, {"start": "00:10:50", "end": "00:10:51", "text": "through our SDKs and they actually let"}, {"start": "00:10:51", "end": "00:10:52", "text": "you connect to way more chains. So"}, {"start": "00:10:52", "end": "00:10:54", "text": "they've done all sorts of L2s. And then"}, {"start": "00:10:54", "end": "00:10:57", "text": "we also have a separate Bitcoin skew. Um"}, {"start": "00:10:57", "end": "00:10:59", "text": "and so the Bitcoin skew is is just"}, {"start": "00:10:59", "end": "00:11:02", "text": "Bitcoin uh on L1 Bitcoin and and that"}, {"start": "00:11:02", "end": "00:11:03", "text": "that's probably more of a savings"}, {"start": "00:11:03", "end": "00:11:05", "text": "product where you truly are going to"}, {"start": "00:11:05", "end": "00:11:07", "text": "gift it and hold it for for a long"}, {"start": "00:11:07", "end": "00:11:09", "text": "period of time as opposed to a spending"}, {"start": "00:11:09", "end": "00:11:10", "text": "product like the Ethereum one. So"}, {"start": "00:11:10", "end": "00:11:13", "text": "obviously we showed Daniel McCabe of"}, {"start": "00:11:13", "end": "00:11:14", "text": "Flexa on there. We've been tracking"}, {"start": "00:11:14", "end": "00:11:18", "text": "Flexa for a long time uh for many"}, {"start": "00:11:18", "end": "00:11:20", "text": "reasons. We think POS eventually would"}, {"start": "00:11:20", "end": "00:11:22", "text": "be one of the killer apps for crypto."}, {"start": "00:11:22", "end": "00:11:26", "text": "Payments will be the killer app. Why uh"}, {"start": "00:11:26", "end": "00:11:28", "text": "why partner up there? And do you think"}, {"start": "00:11:28", "end": "00:11:30", "text": "there's going to be more partnerships"}, {"start": "00:11:30", "end": "00:11:32", "text": "other than just someone like a Flexa"}, {"start": "00:11:32", "end": "00:11:33", "text": "who's already tied into some of these"}, {"start": "00:11:33", "end": "00:11:35", "text": "retailers?"}, {"start": "00:11:35", "end": "00:11:37", "text": "Yeah, we've known the Flexa team for a"}, {"start": "00:11:37", "end": "00:11:41", "text": "long time and they've laid a lot of the"}, {"start": "00:11:41", "end": "00:11:43", "text": "ground wa a lot of the groundwork both"}, {"start": "00:11:43", "end": "00:11:45", "text": "technically and politically to make this"}, {"start": "00:11:45", "end": "00:11:48", "text": "work. I mean uh you know Danny's out"}, {"start": "00:11:48", "end": "00:11:51", "text": "there on the trail really pushing ahead"}, {"start": "00:11:51", "end": "00:11:54", "text": "um in front of uh the the political"}, {"start": "00:11:54", "end": "00:11:56", "text": "machinery saying hey we need to make"}, {"start": "00:11:56", "end": "00:11:59", "text": "this easier. So Flexa had no small part"}, {"start": "00:11:59", "end": "00:12:03", "text": "in in getting things um like genius"}, {"start": "00:12:03", "end": "00:12:05", "text": "through and and hopefully clarity. And"}, {"start": "00:12:05", "end": "00:12:07", "text": "so when we said, okay, when we're"}, {"start": "00:12:07", "end": "00:12:09", "text": "thinking about payments, you know, Flexa"}, {"start": "00:12:09", "end": "00:12:11", "text": "has a massive community, they've built"}, {"start": "00:12:11", "end": "00:12:13", "text": "all this tech out uh for people who want"}, {"start": "00:12:13", "end": "00:12:15", "text": "to pay to any coin, it would not make"}, {"start": "00:12:15", "end": "00:12:16", "text": "sense for us to go out on our own and"}, {"start": "00:12:16", "end": "00:12:19", "text": "and attempt to build this. Um and so it"}, {"start": "00:12:19", "end": "00:12:22", "text": "was a natural uh coming together of"}, {"start": "00:12:22", "end": "00:12:24", "text": "their network of merchants and then sort"}, {"start": "00:12:24", "end": "00:12:26", "text": "of our simple tap to pay capabilities."}, {"start": "00:12:26", "end": "00:12:29", "text": "Very nice. Hey, listen. The one feature"}, {"start": "00:12:29", "end": "00:12:31", "text": "and I mentioned it earlier is the"}, {"start": "00:12:31", "end": "00:12:34", "text": "ability to earn yield. Okay. And earning"}, {"start": "00:12:34", "end": "00:12:36", "text": "yield inside of something like what we"}, {"start": "00:12:36", "end": "00:12:39", "text": "saw with a being announced this week,"}, {"start": "00:12:39", "end": "00:12:42", "text": "the new A app and card. Um, I'm telling"}, {"start": "00:12:42", "end": "00:12:44", "text": "you, Cameron, if you get yield on these"}, {"start": "00:12:44", "end": "00:12:46", "text": "things, you're going to have merchants"}, {"start": "00:12:46", "end": "00:12:48", "text": "lining up for this thing in some sort of"}, {"start": "00:12:48", "end": "00:12:49", "text": "way, especially if clarity goes through,"}, {"start": "00:12:49", "end": "00:12:52", "text": "and it will. Just a matter of time. So,"}, {"start": "00:12:52", "end": "00:12:54", "text": "put that on your number one item for dev"}, {"start": "00:12:54", "end": "00:12:56", "text": "if you don't already have it there. Uh,"}, {"start": "00:12:56", "end": "00:12:58", "text": "for sure. What about, you know, some of"}, {"start": "00:12:58", "end": "00:12:59", "text": "the new things that you're going to be"}, {"start": "00:12:59", "end": "00:13:01", "text": "developing for 2026? Anything you can"}, {"start": "00:13:01", "end": "00:13:02", "text": "talk to us about?"}, {"start": "00:13:02", "end": "00:13:04", "text": "Yeah, I mean, it's funny you mentioned"}, {"start": "00:13:04", "end": "00:13:06", "text": "yield. We've been hearing that a lot"}, {"start": "00:13:06", "end": "00:13:08", "text": "here on the ground at at uh Dev Connect"}, {"start": "00:13:08", "end": "00:13:11", "text": "in Argentina. Um, a lot of folks want to"}, {"start": "00:13:11", "end": "00:13:12", "text": "see both yield on the burner cards"}, {"start": "00:13:12", "end": "00:13:14", "text": "natively as well as as you mentioned on"}, {"start": "00:13:14", "end": "00:13:16", "text": "the merchant side. And I think there's a"}, {"start": "00:13:16", "end": "00:13:18", "text": "lot of power powerful things we can do"}, {"start": "00:13:18", "end": "00:13:20", "text": "there. Um, you know, we'll see how"}, {"start": "00:13:20", "end": "00:13:22", "text": "things land with genius and clarity and"}, {"start": "00:13:22", "end": "00:13:23", "text": "what it really means to be able to pay"}, {"start": "00:13:23", "end": "00:13:26", "text": "back the stable coin rewards there. Um,"}, {"start": "00:13:26", "end": "00:13:27", "text": "I think that a lot of the the big"}, {"start": "00:13:27", "end": "00:13:29", "text": "players have already been doing that and"}, {"start": "00:13:29", "end": "00:13:32", "text": "our hope is that uh there there is some"}, {"start": "00:13:32", "end": "00:13:34", "text": "more clarity as around that. So, I think"}, {"start": "00:13:34", "end": "00:13:36", "text": "that's going to continue. Um, but for"}, {"start": "00:13:36", "end": "00:13:38", "text": "2026,"}, {"start": "00:13:38", "end": "00:13:40", "text": "we're really excited to get the terminal"}, {"start": "00:13:40", "end": "00:13:42", "text": "out the door. So, we're not shipping it"}, {"start": "00:13:42", "end": "00:13:45", "text": "yet. Uh, probably end of Q1, early Q2."}, {"start": "00:13:45", "end": "00:13:47", "text": "Um, get it into merchants hands and"}, {"start": "00:13:47", "end": "00:13:48", "text": "really have some sort of established"}, {"start": "00:13:48", "end": "00:13:50", "text": "verticals where we see that it's solving"}, {"start": "00:13:50", "end": "00:13:53", "text": "a problem for those merchants. And later"}, {"start": "00:13:53", "end": "00:13:55", "text": "in the year, I can say that there's some"}, {"start": "00:13:55", "end": "00:13:57", "text": "some interesting stuff that we're"}, {"start": "00:13:57", "end": "00:14:00", "text": "working on that starts to blur the lines"}, {"start": "00:14:00", "end": "00:14:03", "text": "between uh traditional credit card"}, {"start": "00:14:03", "end": "00:14:05", "text": "processing and crypto processing. We"}, {"start": "00:14:05", "end": "00:14:06", "text": "want to make it as easy to use and so"}, {"start": "00:14:06", "end": "00:14:09", "text": "that might mean crypto takes a back seat"}, {"start": "00:14:09", "end": "00:14:11", "text": "uh to the traditional rails for a little"}, {"start": "00:14:11", "end": "00:14:13", "text": "while um so that you have a more"}, {"start": "00:14:13", "end": "00:14:15", "text": "seamless experience with the terminal"}, {"start": "00:14:15", "end": "00:14:16", "text": "and the burner card."}, {"start": "00:14:16", "end": "00:14:17", "text": "Well, this is going to be interesting to"}, {"start": "00:14:17", "end": "00:14:19", "text": "watch because I think there is a a"}, {"start": "00:14:19", "end": "00:14:21", "text": "unique position right now where we're"}, {"start": "00:14:21", "end": "00:14:23", "text": "going to see the web 2 web 3 conversion"}, {"start": "00:14:23", "end": "00:14:25", "text": "take some time. So there will be kind of"}, {"start": "00:14:25", "end": "00:14:28", "text": "that hybrid approach. I can appreciate"}, {"start": "00:14:28", "end": "00:14:30", "text": "that. If we get this kind of protocol"}, {"start": "00:14:30", "end": "00:14:33", "text": "going and we start to see every retailer"}, {"start": "00:14:33", "end": "00:14:35", "text": "having I mean because clarity is coming,"}, {"start": "00:14:35", "end": "00:14:37", "text": "every retailer will be able to do this."}, {"start": "00:14:37", "end": "00:14:38", "text": "Starbucks, McDonald's, you name it,"}, {"start": "00:14:38", "end": "00:14:40", "text": "they're going to have it. They'll have a"}, {"start": "00:14:40", "end": "00:14:43", "text": "stable coin essentially tied. Would that"}, {"start": "00:14:43", "end": "00:14:47", "text": "be the is that the end of USDC? I mean,"}, {"start": "00:14:47", "end": "00:14:50", "text": "would you how would this because man,"}, {"start": "00:14:50", "end": "00:14:51", "text": "you're talking about all of retail"}, {"start": "00:14:51", "end": "00:14:53", "text": "trillions and trillions of dollars here"}, {"start": "00:14:53", "end": "00:14:54", "text": "in the US alone,"}, {"start": "00:14:54", "end": "00:14:56", "text": "right? I mean, in in many ways, we're"}, {"start": "00:14:56", "end": "00:14:58", "text": "pretty neutral about that because the"}, {"start": "00:14:58", "end": "00:15:01", "text": "cool thing about a contactless tap is"}, {"start": "00:15:01", "end": "00:15:04", "text": "that you can negotiate any coin for the"}, {"start": "00:15:04", "end": "00:15:06", "text": "merchant very easily behind the scenes"}, {"start": "00:15:06", "end": "00:15:09", "text": "versus a QR code where the user has to"}, {"start": "00:15:09", "end": "00:15:11", "text": "have the intention of knowing what coin"}, {"start": "00:15:11", "end": "00:15:12", "text": "they're paying. And so, you have this"}, {"start": "00:15:12", "end": "00:15:14", "text": "whole friction of having to seek out the"}, {"start": "00:15:14", "end": "00:15:16", "text": "coin and then knowing, well, okay, today"}, {"start": "00:15:16", "end": "00:15:19", "text": "I'm at McDonald's and I'm paying in USD"}, {"start": "00:15:19", "end": "00:15:21", "text": "Mick versus going to Walmart and USDW."}, {"start": "00:15:21", "end": "00:15:23", "text": "And so the nice thing is at the terminal"}, {"start": "00:15:23", "end": "00:15:26", "text": "side we can basically negotiate many"}, {"start": "00:15:26", "end": "00:15:28", "text": "cashlike stable coin tokens and resolve"}, {"start": "00:15:28", "end": "00:15:30", "text": "all that with just a tap and the user"}, {"start": "00:15:30", "end": "00:15:34", "text": "might really not know that uh what"}, {"start": "00:15:34", "end": "00:15:35", "text": "they're what they're paying with as long"}, {"start": "00:15:35", "end": "00:15:36", "text": "as they understand that they have sort"}, {"start": "00:15:36", "end": "00:15:38", "text": "of a cash balance as opposed to their"}, {"start": "00:15:38", "end": "00:15:40", "text": "crypto which is more savingsoriented."}, {"start": "00:15:40", "end": "00:15:42", "text": "All right, last question to you is"}, {"start": "00:15:42", "end": "00:15:44", "text": "there's been a handful and I mean a"}, {"start": "00:15:44", "end": "00:15:46", "text": "handful of retailers that have gone the"}, {"start": "00:15:46", "end": "00:15:49", "text": "route that Steak and Shake did which was"}, {"start": "00:15:49", "end": "00:15:51", "text": "accepting Bitcoin. I'm still a"}, {"start": "00:15:51", "end": "00:15:52", "text": "questioning I question whether or not"}, {"start": "00:15:52", "end": "00:15:55", "text": "this was a successful platform. What I"}, {"start": "00:15:55", "end": "00:15:58", "text": "see now with general crypto payments,"}, {"start": "00:15:58", "end": "00:16:00", "text": "especially in USDC or or other stable"}, {"start": "00:16:00", "end": "00:16:03", "text": "coins being really the winner here, do"}, {"start": "00:16:03", "end": "00:16:05", "text": "you think that is the end of Bitcoin"}, {"start": "00:16:05", "end": "00:16:09", "text": "being attempted to be used as a payment"}, {"start": "00:16:09", "end": "00:16:10", "text": "model?"}, {"start": "00:16:10", "end": "00:16:12", "text": "Oh, no, no. I I think we're just at the"}, {"start": "00:16:12", "end": "00:16:14", "text": "beginning of of way more experimentation"}, {"start": "00:16:14", "end": "00:16:16", "text": "there as you see with Square rolling out"}, {"start": "00:16:16", "end": "00:16:17", "text": "all the Bitcoin support to their"}, {"start": "00:16:17", "end": "00:16:19", "text": "terminals. I think it's be really"}, {"start": "00:16:19", "end": "00:16:21", "text": "interesting uh to see how many users"}, {"start": "00:16:21", "end": "00:16:22", "text": "pick that up."}, {"start": "00:16:22", "end": "00:16:24", "text": "And I think the big benefit there is"}, {"start": "00:16:24", "end": "00:16:25", "text": "they're going to approach this sort of"}, {"start": "00:16:25", "end": "00:16:28", "text": "tax arbitrage of spend less than $600 of"}, {"start": "00:16:28", "end": "00:16:29", "text": "your Bitcoin"}, {"start": "00:16:29", "end": "00:16:31", "text": "and it's capital gain free. So I'm I'm"}, {"start": "00:16:31", "end": "00:16:34", "text": "intrigued to see that. Um I think"}, {"start": "00:16:34", "end": "00:16:35", "text": "there's a lot of folks on the in the"}, {"start": "00:16:35", "end": "00:16:36", "text": "Bitcoin community who believe that"}, {"start": "00:16:36", "end": "00:16:39", "text": "Lightning and Bitcoin payments are are"}, {"start": "00:16:39", "end": "00:16:41", "text": "universally the future. Um we're taking"}, {"start": "00:16:41", "end": "00:16:44", "text": "the bet on stable coins uh because it's"}, {"start": "00:16:44", "end": "00:16:45", "text": "just easier to understand what you're"}, {"start": "00:16:45", "end": "00:16:48", "text": "paying. But I can imagine in, you know,"}, {"start": "00:16:48", "end": "00:16:51", "text": "5 to 10 years."}, {"start": "00:16:52", "end": "00:16:54", "text": "Yeah. We'll have a pretty clear picture"}, {"start": "00:16:54", "end": "00:16:56", "text": "pretty soon here around what people"}, {"start": "00:16:56", "end": "00:16:58", "text": "really want to hold. And I suspect it's"}, {"start": "00:16:58", "end": "00:17:00", "text": "going to be closer to a dollar than it"}, {"start": "00:17:00", "end": "00:17:01", "text": "is to a sat."}, {"start": "00:17:01", "end": "00:17:04", "text": "Yeah. Yeah, for sure. Uh, hey Cameron,"}, {"start": "00:17:04", "end": "00:17:05", "text": "we're going to be watching this one very"}, {"start": "00:17:05", "end": "00:17:07", "text": "closely as you guys develop out. So,"}, {"start": "00:17:07", "end": "00:17:08", "text": "we'll probably have you back on as"}, {"start": "00:17:08", "end": "00:17:10", "text": "things start to roll for you. Once you"}, {"start": "00:17:10", "end": "00:17:12", "text": "get a major I'm just kind of curious"}, {"start": "00:17:12", "end": "00:17:13", "text": "when you guys and I'll talk to Daniel"}, {"start": "00:17:13", "end": "00:17:15", "text": "cuz I I've been uh on with Daniel McCabe"}, {"start": "00:17:15", "end": "00:17:18", "text": "before if you get a national retailer"}, {"start": "00:17:18", "end": "00:17:21", "text": "that starts to roll out terminals. I'm"}, {"start": "00:17:21", "end": "00:17:22", "text": "curious how that and what that might"}, {"start": "00:17:22", "end": "00:17:24", "text": "look like. So, that might be a good time"}, {"start": "00:17:24", "end": "00:17:25", "text": "to bring you guys back. But, thanks for"}, {"start": "00:17:25", "end": "00:17:27", "text": "coming in today. I appreciate it."}, {"start": "00:17:27", "end": "00:17:29", "text": "Yeah, really appreciate it. Thanks for"}, {"start": "00:17:29", "end": "00:17:30", "text": "having me on the show, Paul."}, {"start": "00:17:30", "end": "00:17:31", "text": "All right, take care. All right, you"}, {"start": "00:17:31", "end": "00:17:33", "text": "guys know what to do. Make sure and jump"}, {"start": "00:17:33", "end": "00:17:34", "text": "into the Diamond Circle. It's a great"}, {"start": "00:17:34", "end": "00:17:36", "text": "place to get additional content from us"}, {"start": "00:17:36", "end": "00:17:38", "text": "and of course follow me out there on XP"}, {"start": "00:17:38", "end": "00:17:40", "text": "Paul Baron. We'll catch you next time"}, {"start": "00:17:40", "end": "00:17:44", "text": "right here on the Paul Baron Show."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Crypto sentiment apocalypse is upon us"}, {"start": "00:00:02", "end": "00:00:03", "text": "today. We're going to break it down for"}, {"start": "00:00:03", "end": "00:00:05", "text": "you. What is happening in the markets?"}, {"start": "00:00:05", "end": "00:00:06", "text": "You don't want to miss it. Let's just"}, {"start": "00:00:06", "end": "00:00:07", "text": "get right into it. I do want to thank"}, {"start": "00:00:07", "end": "00:00:10", "text": "our sponsor and that's Tangum. This is"}, {"start": "00:00:10", "end": "00:00:12", "text": "actually the time to go into self-"}, {"start": "00:00:12", "end": "00:00:14", "text": "custody, guys, because if you're in a"}, {"start": "00:00:14", "end": "00:00:15", "text": "bare market, you want to lock this up"}, {"start": "00:00:15", "end": "00:00:17", "text": "into self-custody. And the way you can"}, {"start": "00:00:17", "end": "00:00:19", "text": "do it is jump over to tandem.com. We"}, {"start": "00:00:19", "end": "00:00:21", "text": "have a pretty special deal for you. And"}, {"start": "00:00:21", "end": "00:00:24", "text": "that is their Black Friday program has"}, {"start": "00:00:24", "end": "00:00:25", "text": "started today. So, you can get this"}, {"start": "00:00:25", "end": "00:00:27", "text": "through December the 9th and it also"}, {"start": "00:00:27", "end": "00:00:29", "text": "stacks the discount. So, you get our"}, {"start": "00:00:29", "end": "00:00:32", "text": "discount plus the additional 20% off and"}, {"start": "00:00:32", "end": "00:00:35", "text": "a $10 Bitcoin reward. So, check it out."}, {"start": "00:00:35", "end": "00:00:38", "text": "Make sure and go take part of this Black"}, {"start": "00:00:38", "end": "00:00:40", "text": "Friday program. Use the codes down"}, {"start": "00:00:40", "end": "00:00:42", "text": "below. It's going to get you into uh the"}, {"start": "00:00:42", "end": "00:00:44", "text": "program. Let's get into a couple of"}, {"start": "00:00:44", "end": "00:00:46", "text": "points today. Crypto markets faced a"}, {"start": "00:00:46", "end": "00:00:49", "text": "brutal retest overnight, especially as"}, {"start": "00:00:49", "end": "00:00:52", "text": "liquidation now surpass 2 billion. When"}, {"start": "00:00:52", "end": "00:00:54", "text": "you look at this being the second hit"}, {"start": "00:00:54", "end": "00:00:57", "text": "that we've seen so far, Bitcoin of"}, {"start": "00:00:57", "end": "00:00:59", "text": "course plunged 10% on the day, falling"}, {"start": "00:00:59", "end": "00:01:01", "text": "as low as 8150."}, {"start": "00:01:01", "end": "00:01:03", "text": "And you look at Coin Glass, 2.2 billion"}, {"start": "00:01:03", "end": "00:01:06", "text": "in positions. Uh we're also affecting"}, {"start": "00:01:06", "end": "00:01:08", "text": "more than 400,000 traders. So, a lot of"}, {"start": "00:01:08", "end": "00:01:11", "text": "people out there in pain right now as we"}, {"start": "00:01:11", "end": "00:01:14", "text": "go into what many could think a bare"}, {"start": "00:01:14", "end": "00:01:16", "text": "market. Let me know if you guys think"}, {"start": "00:01:16", "end": "00:01:17", "text": "that's the case. Are we in a bare"}, {"start": "00:01:17", "end": "00:01:20", "text": "market? Drop a comment down below. Have"}, {"start": "00:01:20", "end": "00:01:21", "text": "we entered it? And will it be a short"}, {"start": "00:01:21", "end": "00:01:24", "text": "one or a long one as we start to go into"}, {"start": "00:01:24", "end": "00:01:27", "text": "2026? If you look at the crypto fear and"}, {"start": "00:01:27", "end": "00:01:31", "text": "greed index, this is the lowest it has"}, {"start": "00:01:31", "end": "00:01:34", "text": "ever been. This is no man's land and"}, {"start": "00:01:34", "end": "00:01:37", "text": "it's really unknown as to what it would"}, {"start": "00:01:37", "end": "00:01:39", "text": "take to come back out of this. Now,"}, {"start": "00:01:39", "end": "00:01:41", "text": "there's a lot of catalysts that have"}, {"start": "00:01:41", "end": "00:01:44", "text": "failed over the last really two to three"}, {"start": "00:01:44", "end": "00:01:46", "text": "weeks that we thought would already be"}, {"start": "00:01:46", "end": "00:01:48", "text": "in place by the year end. And now we're"}, {"start": "00:01:48", "end": "00:01:50", "text": "dealing with not only economic"}, {"start": "00:01:50", "end": "00:01:52", "text": "uncertainty, but uncertainty around the"}, {"start": "00:01:52", "end": "00:01:54", "text": "Fed, uncertainty around tariffs,"}, {"start": "00:01:54", "end": "00:01:56", "text": "uncertainty around where the economy is"}, {"start": "00:01:56", "end": "00:01:59", "text": "going, jobs, you name it. The perfect"}, {"start": "00:01:59", "end": "00:02:02", "text": "storm is definitely here. Even CNN uh"}, {"start": "00:02:02", "end": "00:02:05", "text": "fear and greed also holding at 10, which"}, {"start": "00:02:05", "end": "00:02:07", "text": "is uh extremely bad. One year ago, we"}, {"start": "00:02:07", "end": "00:02:12", "text": "were at a 56 right there, guys. 56."}, {"start": "00:02:12", "end": "00:02:14", "text": "So, compare that to where we are today."}, {"start": "00:02:14", "end": "00:02:16", "text": "I want to go to a clip. This first clip"}, {"start": "00:02:16", "end": "00:02:18", "text": "we're going to play is the sentiment of"}, {"start": "00:02:18", "end": "00:02:20", "text": "the market. Take a look."}, {"start": "00:02:20", "end": "00:02:22", "text": "Crypto's over. It's finished. The"}, {"start": "00:02:22", "end": "00:02:27", "text": "total crypto market cap is down 8.16%."}, {"start": "00:02:27", "end": "00:02:29", "text": "Many people are like, \"Oh my gosh, ETFs"}, {"start": "00:02:29", "end": "00:02:29", "text": "don't work.\""}, {"start": "00:02:29", "end": "00:02:31", "text": "It all started because of a software bug"}, {"start": "00:02:31", "end": "00:02:34", "text": "on one major crypto exchange."}, {"start": "00:02:34", "end": "00:02:36", "text": "I think that we could see it as low as"}, {"start": "00:02:36", "end": "00:02:37", "text": "60."}, {"start": "00:02:37", "end": "00:02:39", "text": "Your favorite coins are going to die."}, {"start": "00:02:39", "end": "00:02:41", "text": "You don't need to look much further than"}, {"start": "00:02:41", "end": "00:02:44", "text": "DOT. The market is going to crash 90%"}, {"start": "00:02:44", "end": "00:02:46", "text": "after November 22nd."}, {"start": "00:02:46", "end": "00:02:48", "text": "Here's where the [ __ ] I'm at today with"}, {"start": "00:02:48", "end": "00:02:50", "text": "XRP. Still tanking."}, {"start": "00:02:50", "end": "00:02:52", "text": "No, no, no, no, no, no, no. Wait, wait,"}, {"start": "00:02:52", "end": "00:02:53", "text": "wait, wait, wait, wait, wait, wait,"}, {"start": "00:02:53", "end": "00:02:54", "text": "wait."}, {"start": "00:02:54", "end": "00:02:58", "text": "Why is XRP not at $10? Why is it not at"}, {"start": "00:02:58", "end": "00:03:01", "text": "$1,000? All manipulation."}, {"start": "00:03:01", "end": "00:03:04", "text": "XRP army, listen up right now. It's game"}, {"start": "00:03:04", "end": "00:03:04", "text": "time."}, {"start": "00:03:04", "end": "00:03:07", "text": "Are Bitcoiners really starting to buy"}, {"start": "00:03:07", "end": "00:03:10", "text": "XRP? Wall Street stamp of appro."}, {"start": "00:03:10", "end": "00:03:11", "text": "Buy."}, {"start": "00:03:11", "end": "00:03:12", "text": "I'll buy. Before you hit that sale"}, {"start": "00:03:12", "end": "00:03:14", "text": "button, send it to me. I'll cash app"}, {"start": "00:03:14", "end": "00:03:15", "text": "you."}, {"start": "00:03:15", "end": "00:03:17", "text": "All right. As you can see, a little bit"}, {"start": "00:03:17", "end": "00:03:19", "text": "over the top there, but I think a lot of"}, {"start": "00:03:19", "end": "00:03:21", "text": "people in a position right now where"}, {"start": "00:03:21", "end": "00:03:22", "text": "they're trying to figure out why they"}, {"start": "00:03:22", "end": "00:03:24", "text": "didn't take profits, why they weren't"}, {"start": "00:03:24", "end": "00:03:26", "text": "taking profits on the way up or even on"}, {"start": "00:03:26", "end": "00:03:28", "text": "the way down in some cases. And this is"}, {"start": "00:03:28", "end": "00:03:30", "text": "where the market is today. Now, you"}, {"start": "00:03:30", "end": "00:03:33", "text": "might be saying, \"This is really not a"}, {"start": "00:03:33", "end": "00:03:35", "text": "big issue. I'm looking at long-term"}, {"start": "00:03:35", "end": "00:03:37", "text": "holding here. This is something if"}, {"start": "00:03:37", "end": "00:03:39", "text": "you're kind of in the short-term game,"}, {"start": "00:03:39", "end": "00:03:41", "text": "then yeah, you you're toast. But if"}, {"start": "00:03:41", "end": "00:03:43", "text": "you're in a long-term game and you"}, {"start": "00:03:43", "end": "00:03:46", "text": "listen to R Pal about this, you might go"}, {"start": "00:03:46", "end": "00:03:49", "text": "with a little more comfort. Take a look."}, {"start": "00:03:49", "end": "00:03:51", "text": "And"}, {"start": "00:03:51", "end": "00:03:54", "text": "it it staggers me. It staggers me"}, {"start": "00:03:54", "end": "00:03:55", "text": "because you've all lost your [ __ ]"}, {"start": "00:03:55", "end": "00:03:56", "text": "You're throwing poo at each other. The"}, {"start": "00:03:56", "end": "00:03:58", "text": "fear and greed index is absolutely"}, {"start": "00:03:58", "end": "00:04:01", "text": "shockingly low. Almost unheard of. And"}, {"start": "00:04:01", "end": "00:04:02", "text": "all it's been doing is doing the same"}, {"start": "00:04:02", "end": "00:04:05", "text": "old [ __ ] And it always does this in"}, {"start": "00:04:05", "end": "00:04:08", "text": "2024. Same correction. And you guys were"}, {"start": "00:04:08", "end": "00:04:10", "text": "losing your [ __ ] [ __ ] back then as"}, {"start": "00:04:10", "end": "00:04:12", "text": "well. You're all losing your [ __ ]"}, {"start": "00:04:12", "end": "00:04:14", "text": "[ __ ] I mean, it's unbelievable to see"}, {"start": "00:04:14", "end": "00:04:16", "text": "what is going on out there. Take a step"}, {"start": "00:04:16", "end": "00:04:18", "text": "back and buy the [ __ ] dip if you can."}, {"start": "00:04:18", "end": "00:04:20", "text": "You should be begging anybody for money"}, {"start": "00:04:20", "end": "00:04:22", "text": "right now on the streets. Maybe if you"}, {"start": "00:04:22", "end": "00:04:24", "text": "can play guitar. And it even did one of"}, {"start": "00:04:24", "end": "00:04:26", "text": "the stupid bloody statue things. I put"}, {"start": "00:04:26", "end": "00:04:29", "text": "some in week before last um at higher"}, {"start": "00:04:29", "end": "00:04:31", "text": "prices."}, {"start": "00:04:31", "end": "00:04:34", "text": "I bought them at higher prices. Uh with"}, {"start": "00:04:34", "end": "00:04:36", "text": "that, you also have to look at what Ryan"}, {"start": "00:04:36", "end": "00:04:38", "text": "Sean Adams said, uh which if if you had"}, {"start": "00:04:38", "end": "00:04:40", "text": "bought and continued to buy Bitcoin and"}, {"start": "00:04:40", "end": "00:04:42", "text": "ETH at times of extreme fear and sold at"}, {"start": "00:04:42", "end": "00:04:45", "text": "times of extreme greed, then obviously"}, {"start": "00:04:45", "end": "00:04:48", "text": "you're up. Yes, we understand those"}, {"start": "00:04:48", "end": "00:04:50", "text": "kinds of things. 2020 is great when you"}, {"start": "00:04:50", "end": "00:04:53", "text": "can look back. We put up this poll. Was"}, {"start": "00:04:53", "end": "00:04:55", "text": "the latest crypto drop just a bull"}, {"start": "00:04:55", "end": "00:04:58", "text": "market correction or buy the dip"}, {"start": "00:04:58", "end": "00:04:59", "text": "opportunity or the start of a bare"}, {"start": "00:04:59", "end": "00:05:02", "text": "market? Guys, I think unfortunately this"}, {"start": "00:05:02", "end": "00:05:03", "text": "is the beginning of a bare market. Now,"}, {"start": "00:05:03", "end": "00:05:06", "text": "the real question is how long does it"}, {"start": "00:05:06", "end": "00:05:08", "text": "last? Is it a short-term bare market?"}, {"start": "00:05:08", "end": "00:05:11", "text": "There are a lot of catalysts that could"}, {"start": "00:05:11", "end": "00:05:13", "text": "compound and completely reverse"}, {"start": "00:05:13", "end": "00:05:16", "text": "something like this. But right now, the"}, {"start": "00:05:16", "end": "00:05:18", "text": "amount of problems that we're going into"}, {"start": "00:05:18", "end": "00:05:21", "text": "by the end of 2026 and early or early"}, {"start": "00:05:21", "end": "00:05:25", "text": "2026 and maybe even to Q2 of 2026 are"}, {"start": "00:05:25", "end": "00:05:27", "text": "stacking up against the market in"}, {"start": "00:05:27", "end": "00:05:29", "text": "general. I'm not talking about just the"}, {"start": "00:05:29", "end": "00:05:31", "text": "crypto market. I'm talking about the S&P"}, {"start": "00:05:31", "end": "00:05:33", "text": "500, what that's going to look like. So,"}, {"start": "00:05:33", "end": "00:05:36", "text": "right now, I would consider either one,"}, {"start": "00:05:36", "end": "00:05:38", "text": "looking at long-term holding, which is"}, {"start": "00:05:38", "end": "00:05:41", "text": "really the vision I look at. This is a"}, {"start": "00:05:41", "end": "00:05:44", "text": "time horizon situation as it is in most"}, {"start": "00:05:44", "end": "00:05:46", "text": "investing markets. One thing you can"}, {"start": "00:05:46", "end": "00:05:50", "text": "count on for sure is that fiat will be"}, {"start": "00:05:50", "end": "00:05:53", "text": "the one to stay out of. Whether you get"}, {"start": "00:05:53", "end": "00:05:55", "text": "into gold, whether you get into Bitcoin,"}, {"start": "00:05:55", "end": "00:05:56", "text": "other assets that can go in this"}, {"start": "00:05:56", "end": "00:05:58", "text": "direction, even if you go into some of"}, {"start": "00:05:58", "end": "00:06:00", "text": "the stocks and bonds out there to secure"}, {"start": "00:06:00", "end": "00:06:03", "text": "up some of your positions, the point is"}, {"start": "00:06:03", "end": "00:06:05", "text": "is that long term, and when I say long"}, {"start": "00:06:05", "end": "00:06:07", "text": "term, three to seven years, that's the"}, {"start": "00:06:07", "end": "00:06:09", "text": "range that I always look at. Three,"}, {"start": "00:06:09", "end": "00:06:11", "text": "five, seven. That's a typical range of"}, {"start": "00:06:11", "end": "00:06:14", "text": "which I've done in VC investing and"}, {"start": "00:06:14", "end": "00:06:16", "text": "angel investing. Those are typically the"}, {"start": "00:06:16", "end": "00:06:18", "text": "opportunities that start to get you in a"}, {"start": "00:06:18", "end": "00:06:19", "text": "position to where you can sell. Problem"}, {"start": "00:06:19", "end": "00:06:21", "text": "is that a lot of people do not take"}, {"start": "00:06:21", "end": "00:06:23", "text": "profits and that's the biggest issue of"}, {"start": "00:06:23", "end": "00:06:26", "text": "all. Let's go to another clip here"}, {"start": "00:06:26", "end": "00:06:27", "text": "because this is where Scott Bessant"}, {"start": "00:06:27", "end": "00:06:30", "text": "starts to break down how the economy is"}, {"start": "00:06:30", "end": "00:06:32", "text": "doing. It doesn't look good. Take a"}, {"start": "00:06:32", "end": "00:06:33", "text": "look."}, {"start": "00:06:33", "end": "00:06:35", "text": "So there there was a lot of good"}, {"start": "00:06:35", "end": "00:06:38", "text": "economic news out there today. So, you"}, {"start": "00:06:38", "end": "00:06:43", "text": "know, I I would uh believe that the the"}, {"start": "00:06:43", "end": "00:06:47", "text": "Fed should the be looking at the data"}, {"start": "00:06:47", "end": "00:06:51", "text": "and thinking um things"}, {"start": "00:06:51", "end": "00:06:54", "text": "could um we we don't know where things"}, {"start": "00:06:54", "end": "00:06:57", "text": "are. We've been cutting and we should"}, {"start": "00:06:57", "end": "00:06:59", "text": "finish the cutting cycle or keep going"}, {"start": "00:06:59", "end": "00:07:02", "text": "with the cutting cycle. When will young"}, {"start": "00:07:02", "end": "00:07:05", "text": "people who seem persistently"}, {"start": "00:07:05", "end": "00:07:07", "text": "pessimistic, when do you think they will"}, {"start": "00:07:07", "end": "00:07:09", "text": "begin to see the benefits?"}, {"start": "00:07:09", "end": "00:07:11", "text": "I actually brought this to show you and"}, {"start": "00:07:11", "end": "00:07:14", "text": "your viewers today. This is the first"}, {"start": "00:07:14", "end": "00:07:16", "text": "rare earth magnet made in the United"}, {"start": "00:07:16", "end": "00:07:20", "text": "States in 25 years. Uh 800 construction"}, {"start": "00:07:20", "end": "00:07:23", "text": "jobs. I I am very optimistic about the"}, {"start": "00:07:23", "end": "00:07:26", "text": "first, second, and you know accelerating"}, {"start": "00:07:26", "end": "00:07:28", "text": "into the third quarter in terms of"}, {"start": "00:07:28", "end": "00:07:31", "text": "growth. We are going back to Trump style"}, {"start": "00:07:31", "end": "00:07:34", "text": "growth."}, {"start": "00:07:34", "end": "00:07:36", "text": "Man, that was painful. First of all, I"}, {"start": "00:07:36", "end": "00:07:38", "text": "feel for Scott Besson in the sense that"}, {"start": "00:07:38", "end": "00:07:42", "text": "he can't get out a message to a friendly"}, {"start": "00:07:42", "end": "00:07:44", "text": "interviewer around where the economy is."}, {"start": "00:07:44", "end": "00:07:46", "text": "That concerns me when that is the"}, {"start": "00:07:46", "end": "00:07:47", "text": "secretary of treasury that is in a"}, {"start": "00:07:47", "end": "00:07:49", "text": "position that doesn't understand where"}, {"start": "00:07:49", "end": "00:07:52", "text": "the economic conditions are in the US"}, {"start": "00:07:52", "end": "00:07:54", "text": "right now and why we are seeing these"}, {"start": "00:07:54", "end": "00:07:57", "text": "unstable uh scenarios play out. And I"}, {"start": "00:07:57", "end": "00:07:59", "text": "think it boils down to a real core"}, {"start": "00:07:59", "end": "00:08:01", "text": "element and that is of course going to"}, {"start": "00:08:01", "end": "00:08:03", "text": "be global liquidity. The sentiment that"}, {"start": "00:08:03", "end": "00:08:05", "text": "we've already started to see brewing"}, {"start": "00:08:05", "end": "00:08:08", "text": "over months if not over the last year"}, {"start": "00:08:08", "end": "00:08:09", "text": "and that is really around the core"}, {"start": "00:08:09", "end": "00:08:11", "text": "economy. All of this eventually fades up"}, {"start": "00:08:11", "end": "00:08:14", "text": "into businesses, investment advisors and"}, {"start": "00:08:14", "end": "00:08:16", "text": "then obviously even into institutional"}, {"start": "00:08:16", "end": "00:08:20", "text": "capital. The S&P 500 is down 5% from its"}, {"start": "00:08:20", "end": "00:08:22", "text": "record high and a bubble collars are now"}, {"start": "00:08:22", "end": "00:08:25", "text": "in full swing. You look at that and I"}, {"start": "00:08:25", "end": "00:08:28", "text": "think the key here even though Nvidia"}, {"start": "00:08:28", "end": "00:08:29", "text": "ran away with earnings in terms of a"}, {"start": "00:08:29", "end": "00:08:31", "text": "good thing can you imagine where the"}, {"start": "00:08:31", "end": "00:08:34", "text": "market would be had Nvidia not actually"}, {"start": "00:08:34", "end": "00:08:37", "text": "posted good earnings that is the kind of"}, {"start": "00:08:37", "end": "00:08:40", "text": "tightroppe that we're walking and really"}, {"start": "00:08:40", "end": "00:08:43", "text": "in consideration a very very delicate uh"}, {"start": "00:08:43", "end": "00:08:45", "text": "scenario because right now Nvidia"}, {"start": "00:08:45", "end": "00:08:46", "text": "running annualized revenue of 200"}, {"start": "00:08:46", "end": "00:08:49", "text": "billion with a forward PE that's lower"}, {"start": "00:08:49", "end": "00:08:52", "text": "than Walmart. So imagine that guys,"}, {"start": "00:08:52", "end": "00:08:54", "text": "lower than Walmart. That's a big uh"}, {"start": "00:08:54", "end": "00:08:56", "text": "that's a big statement. I want to go to"}, {"start": "00:08:56", "end": "00:08:57", "text": "another clip here because this is where"}, {"start": "00:08:57", "end": "00:08:59", "text": "Tom Lee goes into and this is getting"}, {"start": "00:08:59", "end": "00:09:01", "text": "into Ethereum."}, {"start": "00:09:01", "end": "00:09:04", "text": "And though I am a fan of Tom Lee, I'm"}, {"start": "00:09:04", "end": "00:09:06", "text": "not a fan of his bullishness uh at"}, {"start": "00:09:06", "end": "00:09:10", "text": "certain times, but his statements here"}, {"start": "00:09:10", "end": "00:09:12", "text": "concerned me a little bit. Take a look."}, {"start": "00:09:12", "end": "00:09:14", "text": "I think it was October 6th or 7th,"}, {"start": "00:09:14", "end": "00:09:17", "text": "Bitcoin hit 125,000. Yeah. Couple days"}, {"start": "00:09:17", "end": "00:09:21", "text": "later, it was still around 120,000."}, {"start": "00:09:21", "end": "00:09:22", "text": "Now, obviously, Bitcoin's at 86 and"}, {"start": "00:09:22", "end": "00:09:25", "text": "change. So, what specifically occurred"}, {"start": "00:09:25", "end": "00:09:28", "text": "on or around October 10th that would"}, {"start": "00:09:28", "end": "00:09:31", "text": "lead us to where we are now on what,"}, {"start": "00:09:31", "end": "00:09:33", "text": "November 20th?"}, {"start": "00:09:33", "end": "00:09:36", "text": "Yeah. Well, Steve actually pointed this"}, {"start": "00:09:36", "end": "00:09:37", "text": "out. There's a lot of what they call"}, {"start": "00:09:37", "end": "00:09:40", "text": "automated processes in crypto. One of"}, {"start": "00:09:40", "end": "00:09:43", "text": "them is called ADL. Okay. And that's an"}, {"start": "00:09:43", "end": "00:09:45", "text": "automatic liquidation feature that would"}, {"start": "00:09:45", "end": "00:09:48", "text": "take place if someone's account or their"}, {"start": "00:09:48", "end": "00:09:50", "text": "collateral drops in price. It's"}, {"start": "00:09:50", "end": "00:09:52", "text": "essentially like a margin column."}, {"start": "00:09:52", "end": "00:09:55", "text": "So who who is behind this? Like who's"}, {"start": "00:09:55", "end": "00:09:58", "text": "the they in the market makers and they"}, {"start": "00:09:58", "end": "00:10:01", "text": "got hit? Who's the they?"}, {"start": "00:10:01", "end": "00:10:05", "text": "Well, you know, Brian, I'm I I am aware"}, {"start": "00:10:05", "end": "00:10:08", "text": "of names, but because uh you know, I'm"}, {"start": "00:10:08", "end": "00:10:10", "text": "not someone who wants to name names. Um,"}, {"start": "00:10:10", "end": "00:10:12", "text": "I hate let me let me go I want to go"}, {"start": "00:10:12", "end": "00:10:14", "text": "back to this point, Tom. I hate the term"}, {"start": "00:10:14", "end": "00:10:16", "text": "glitch. It's a word that is used to"}, {"start": "00:10:16", "end": "00:10:18", "text": "describe pretty serious automation"}, {"start": "00:10:18", "end": "00:10:21", "text": "issues, software problems, crashes for"}, {"start": "00:10:21", "end": "00:10:24", "text": "some reason that they try to minimize."}, {"start": "00:10:24", "end": "00:10:29", "text": "Is this some kind of a a software bug"}, {"start": "00:10:29", "end": "00:10:30", "text": "that's causing part of this? I'm trying"}, {"start": "00:10:30", "end": "00:10:33", "text": "to follow exactly what you're hinting"}, {"start": "00:10:33", "end": "00:10:37", "text": "around about. in crypto. This code of"}, {"start": "00:10:37", "end": "00:10:39", "text": "ADL and the way they pull prices never"}, {"start": "00:10:39", "end": "00:10:41", "text": "going to happen again. The good news is"}, {"start": "00:10:41", "end": "00:10:43", "text": "we're not going to have overregulation"}, {"start": "00:10:43", "end": "00:10:46", "text": "in crypto. But but now we have to deal"}, {"start": "00:10:46", "end": "00:10:48", "text": "with that liquidation effect. 2022 was a"}, {"start": "00:10:48", "end": "00:10:52", "text": "big liquidation and it took 8 weeks. Um"}, {"start": "00:10:52", "end": "00:10:55", "text": "but it it that is kind of you're right"}, {"start": "00:10:55", "end": "00:10:57", "text": "it is the nature of DeFi where there is"}, {"start": "00:10:57", "end": "00:10:58", "text": "going to be code and there's going to be"}, {"start": "00:10:58", "end": "00:11:02", "text": "an error found and you said it leverage"}, {"start": "00:11:02", "end": "00:11:03", "text": "is what's dangerous and"}, {"start": "00:11:03", "end": "00:11:05", "text": "All right. So from that statement that"}, {"start": "00:11:05", "end": "00:11:07", "text": "Tom was making first of all I was a"}, {"start": "00:11:07", "end": "00:11:10", "text": "little bit taken back by his analysis on"}, {"start": "00:11:10", "end": "00:11:12", "text": "it and I think someone that do does"}, {"start": "00:11:12", "end": "00:11:14", "text": "understand you have to remember Tom was"}, {"start": "00:11:14", "end": "00:11:16", "text": "not necessarily early to Ethereum. He"}, {"start": "00:11:16", "end": "00:11:18", "text": "was early somewhat to Bitcoin at least"}, {"start": "00:11:18", "end": "00:11:20", "text": "for Wall Street standards but his"}, {"start": "00:11:20", "end": "00:11:22", "text": "understanding of where this market is I"}, {"start": "00:11:22", "end": "00:11:26", "text": "think is completely off. Now Jan Van I"}, {"start": "00:11:26", "end": "00:11:28", "text": "think is actually more in line and he"}, {"start": "00:11:28", "end": "00:11:30", "text": "actually stated it here in this tweet."}, {"start": "00:11:30", "end": "00:11:31", "text": "I'm itching to join Sully. That was the"}, {"start": "00:11:31", "end": "00:11:33", "text": "interviewer there on that um clip there."}, {"start": "00:11:33", "end": "00:11:35", "text": "Three things matter to Bitcoin. Global"}, {"start": "00:11:35", "end": "00:11:37", "text": "liquidity number one really that's all"}, {"start": "00:11:37", "end": "00:11:40", "text": "that matters is global liquidity. Crypto"}, {"start": "00:11:40", "end": "00:11:42", "text": "ecosystem liquidity and onchain activity"}, {"start": "00:11:42", "end": "00:11:44", "text": "not as much. It is global liquidity"}, {"start": "00:11:44", "end": "00:11:47", "text": "which all translates to that. And I"}, {"start": "00:11:47", "end": "00:11:49", "text": "think this is the problem because really"}, {"start": "00:11:49", "end": "00:11:52", "text": "the question for Tom Lee is how long can"}, {"start": "00:11:52", "end": "00:11:56", "text": "BMR hold because his position right now"}, {"start": "00:11:56", "end": "00:11:59", "text": "is serious. And how this plays out over"}, {"start": "00:11:59", "end": "00:12:01", "text": "the next few weeks into the end of the"}, {"start": "00:12:01", "end": "00:12:04", "text": "year and possibly into the Fed uh"}, {"start": "00:12:04", "end": "00:12:07", "text": "decision on December the 10th is going"}, {"start": "00:12:07", "end": "00:12:09", "text": "to be critical. All right, so here's a a"}, {"start": "00:12:09", "end": "00:12:11", "text": "tweet right here that kind of breaks it"}, {"start": "00:12:11", "end": "00:12:13", "text": "down. This is flood more of a Bitcoin"}, {"start": "00:12:13", "end": "00:12:15", "text": "guy, but he's talking about BMR setting"}, {"start": "00:12:15", "end": "00:12:18", "text": "on $3.1 billion in unrealized loss on"}, {"start": "00:12:18", "end": "00:12:20", "text": "ETH. And this is the FUD that we're"}, {"start": "00:12:20", "end": "00:12:22", "text": "starting to see move into the market."}, {"start": "00:12:22", "end": "00:12:24", "text": "And this is the time when you're going"}, {"start": "00:12:24", "end": "00:12:27", "text": "to see the kind of scenario that we are"}, {"start": "00:12:27", "end": "00:12:28", "text": "seeing right now. The real question is"}, {"start": "00:12:28", "end": "00:12:31", "text": "is do we see another major leg down on"}, {"start": "00:12:31", "end": "00:12:34", "text": "Bitcoin? Because we could see a sub 80K"}, {"start": "00:12:34", "end": "00:12:36", "text": "Bitcoin quickly and of course that part"}, {"start": "00:12:36", "end": "00:12:38", "text": "starts to put a lot of pressure on Micro"}, {"start": "00:12:38", "end": "00:12:41", "text": "Strategy. others. If you look at back to"}, {"start": "00:12:41", "end": "00:12:44", "text": "Ethereum, here's the average price price"}, {"start": "00:12:44", "end": "00:12:46", "text": "right now for ETH treasury companies and"}, {"start": "00:12:46", "end": "00:12:48", "text": "that is of course Bit Digital. You can"}, {"start": "00:12:48", "end": "00:12:51", "text": "kind of see Sharpink Gaming, NASDAQ,"}, {"start": "00:12:51", "end": "00:12:54", "text": "BTCS, Ezilla, the ETH machine, even Bit"}, {"start": "00:12:54", "end": "00:12:56", "text": "Mine setting at around 39. We don't know"}, {"start": "00:12:56", "end": "00:12:58", "text": "for sure if that number is accurate"}, {"start": "00:12:58", "end": "00:13:00", "text": "because I've seen numbers also around"}, {"start": "00:13:00", "end": "00:13:03", "text": "3600. But this will start to get very"}, {"start": "00:13:03", "end": "00:13:06", "text": "very critical should we start to see"}, {"start": "00:13:06", "end": "00:13:08", "text": "things like activist investors or any of"}, {"start": "00:13:08", "end": "00:13:10", "text": "those kind of things that play around in"}, {"start": "00:13:10", "end": "00:13:12", "text": "this couple of points right here. He"}, {"start": "00:13:12", "end": "00:13:14", "text": "bought ETH at a local near all-time"}, {"start": "00:13:14", "end": "00:13:15", "text": "highs because the market gave him the"}, {"start": "00:13:15", "end": "00:13:18", "text": "facility to do that at the time. At the"}, {"start": "00:13:18", "end": "00:13:19", "text": "bottom he could likely have come close"}, {"start": "00:13:19", "end": "00:13:21", "text": "to acquiring the same amount of ETH"}, {"start": "00:13:21", "end": "00:13:22", "text": "supply. The way DATs work is they get to"}, {"start": "00:13:22", "end": "00:13:24", "text": "buy more when the price is underlying"}, {"start": "00:13:24", "end": "00:13:27", "text": "asset is going up generally."}, {"start": "00:13:27", "end": "00:13:29", "text": "second and third tier DATs probably get"}, {"start": "00:13:29", "end": "00:13:31", "text": "blown out in a bare market and then if"}, {"start": "00:13:31", "end": "00:13:34", "text": "we do get activist investors that could"}, {"start": "00:13:34", "end": "00:13:36", "text": "try to force them to sell but you know"}, {"start": "00:13:36", "end": "00:13:37", "text": "don't be surprised when most of those"}, {"start": "00:13:37", "end": "00:13:39", "text": "don't. I think this is the thing where"}, {"start": "00:13:39", "end": "00:13:41", "text": "conviction will play into this for Tom"}, {"start": "00:13:41", "end": "00:13:45", "text": "Lee and for the key investors within BMR"}, {"start": "00:13:45", "end": "00:13:47", "text": "but digital asset treasury may be on a"}, {"start": "00:13:47", "end": "00:13:50", "text": "very short rope uh going in. Other news"}, {"start": "00:13:50", "end": "00:13:51", "text": "that hit and this is on the on the"}, {"start": "00:13:51", "end": "00:13:53", "text": "Bitcoin camp is that Michael Sailor's"}, {"start": "00:13:53", "end": "00:13:56", "text": "strategy now facing NASDAQ and MCEI"}, {"start": "00:13:56", "end": "00:13:59", "text": "delisting as Micro Strategy stock drops"}, {"start": "00:13:59", "end": "00:14:02", "text": "57%. So there's a possibility where we"}, {"start": "00:14:02", "end": "00:14:04", "text": "could start to see some pressure on"}, {"start": "00:14:04", "end": "00:14:06", "text": "Micro Strategy as well. The real"}, {"start": "00:14:06", "end": "00:14:08", "text": "question is when and where and if"}, {"start": "00:14:08", "end": "00:14:10", "text": "Michael Sailor would be put in the same"}, {"start": "00:14:10", "end": "00:14:12", "text": "kind of boat. And if you kind of compare"}, {"start": "00:14:12", "end": "00:14:14", "text": "Sailor and Tom Lee because that's really"}, {"start": "00:14:14", "end": "00:14:17", "text": "the the two competitors when you think"}, {"start": "00:14:17", "end": "00:14:19", "text": "about these two tokens. Tom Lee should"}, {"start": "00:14:19", "end": "00:14:21", "text": "have been in a better position to answer"}, {"start": "00:14:21", "end": "00:14:23", "text": "these questions and maybe give the"}, {"start": "00:14:23", "end": "00:14:25", "text": "market a little bit of calmness of"}, {"start": "00:14:25", "end": "00:14:28", "text": "understanding where Ethereum could go,"}, {"start": "00:14:28", "end": "00:14:29", "text": "where are the opportunities. He didn't"}, {"start": "00:14:29", "end": "00:14:30", "text": "even mention that there's a major"}, {"start": "00:14:30", "end": "00:14:32", "text": "upgrade coming, which is happening in"}, {"start": "00:14:32", "end": "00:14:34", "text": "the next couple of weeks. Didn't mention"}, {"start": "00:14:34", "end": "00:14:36", "text": "that there are so many catalysts that"}, {"start": "00:14:36", "end": "00:14:38", "text": "have been underperforming"}, {"start": "00:14:38", "end": "00:14:40", "text": "and we're still in a position where"}, {"start": "00:14:40", "end": "00:14:44", "text": "reality is we're close to a 3K ETH. So,"}, {"start": "00:14:44", "end": "00:14:46", "text": "uh, there was a lot of opportunity there"}, {"start": "00:14:46", "end": "00:14:48", "text": "that I think he missed. Micro Strategy"}, {"start": "00:14:48", "end": "00:14:50", "text": "Bitcoin position is almost red. Bitcoin"}, {"start": "00:14:50", "end": "00:14:52", "text": "just extended its decline to around"}, {"start": "00:14:52", "end": "00:14:57", "text": "80,500 just $6,000 away from an entry of"}, {"start": "00:14:57", "end": "00:14:58", "text": "743"}, {"start": "00:14:58", "end": "00:15:00", "text": "or 744."}, {"start": "00:15:00", "end": "00:15:02", "text": "So, uh it does put a little pressure on"}, {"start": "00:15:02", "end": "00:15:05", "text": "Micro Strategy. Just 46 days ago, Micro"}, {"start": "00:15:05", "end": "00:15:07", "text": "Strategy also the position was up 70%."}, {"start": "00:15:07", "end": "00:15:09", "text": "So, you look at that in comparison to"}, {"start": "00:15:09", "end": "00:15:12", "text": "where we are now. Big turnaround on the"}, {"start": "00:15:12", "end": "00:15:15", "text": "Micro Strategy position overall. One"}, {"start": "00:15:15", "end": "00:15:16", "text": "other thing I want to hit on, of course,"}, {"start": "00:15:16", "end": "00:15:18", "text": "is whether or not Michael Sailor was"}, {"start": "00:15:18", "end": "00:15:22", "text": "trolling or not on that first Titanic."}, {"start": "00:15:22", "end": "00:15:24", "text": "If you guys probably saw that video or"}, {"start": "00:15:24", "end": "00:15:27", "text": "that uh post, and he recorrected that"}, {"start": "00:15:27", "end": "00:15:30", "text": "and just simply said endure, even though"}, {"start": "00:15:30", "end": "00:15:31", "text": "these guys look like they're a little"}, {"start": "00:15:31", "end": "00:15:34", "text": "upset at all, the whole situation. Let's"}, {"start": "00:15:34", "end": "00:15:36", "text": "go into one more thing I want to hit on,"}, {"start": "00:15:36", "end": "00:15:38", "text": "and this of course is whether there is a"}, {"start": "00:15:38", "end": "00:15:40", "text": "future in digital asset treasuries. Take"}, {"start": "00:15:40", "end": "00:15:42", "text": "a look."}, {"start": "00:15:42", "end": "00:15:43", "text": "the interest in the DATs just like"}, {"start": "00:15:43", "end": "00:15:45", "text": "completely dried up and now the DATs are"}, {"start": "00:15:45", "end": "00:15:49", "text": "selling right and so we've seen a you"}, {"start": "00:15:49", "end": "00:15:50", "text": "know since we had that kind of"}, {"start": "00:15:50", "end": "00:15:52", "text": "deleveraging event what it was 3 weeks"}, {"start": "00:15:52", "end": "00:15:55", "text": "ago or so there's been basically"}, {"start": "00:15:55", "end": "00:15:58", "text": "constant sell pressure and I think Tara"}, {"start": "00:15:58", "end": "00:16:00", "text": "from Multicoin put out a tweet like oh"}, {"start": "00:16:00", "end": "00:16:03", "text": "it looks like you know for selling and"}, {"start": "00:16:03", "end": "00:16:06", "text": "somebody else responded to it that was"}, {"start": "00:16:06", "end": "00:16:07", "text": "basically like I've never seen like"}, {"start": "00:16:07", "end": "00:16:10", "text": "orderly for selling for weeks at a time"}, {"start": "00:16:10", "end": "00:16:12", "text": "it usually happens much quicker. It jams"}, {"start": "00:16:12", "end": "00:16:14", "text": "the market. People are trying to meet"}, {"start": "00:16:14", "end": "00:16:16", "text": "margin calls. And I agree with that"}, {"start": "00:16:16", "end": "00:16:18", "text": "point is that what it doesn't look like"}, {"start": "00:16:18", "end": "00:16:21", "text": "right now to me is that we're having,"}, {"start": "00:16:21", "end": "00:16:22", "text": "you know, call it for selling. What it"}, {"start": "00:16:22", "end": "00:16:23", "text": "looks like to me is we're just having"}, {"start": "00:16:23", "end": "00:16:26", "text": "people go risk off broadly and crypto is"}, {"start": "00:16:26", "end": "00:16:30", "text": "still just a risk asset. and the and the"}, {"start": "00:16:30", "end": "00:16:31", "text": "DATs are selling because they're buying"}, {"start": "00:16:31", "end": "00:16:32", "text": "back shares because they're trying to"}, {"start": "00:16:32", "end": "00:16:33", "text": "defend their share price and they don't"}, {"start": "00:16:33", "end": "00:16:36", "text": "have any uh liquidity because people"}, {"start": "00:16:36", "end": "00:16:38", "text": "don't see any reason to buy the 15th uh"}, {"start": "00:16:38", "end": "00:16:40", "text": "ETH, you know, DAT and they also want to"}, {"start": "00:16:40", "end": "00:16:42", "text": "go risk off and I think we're probably"}, {"start": "00:16:42", "end": "00:16:45", "text": "in for a pullback broadly on the equity"}, {"start": "00:16:45", "end": "00:16:47", "text": "markets and all risk assets because"}, {"start": "00:16:47", "end": "00:16:50", "text": "there's just too much happening that's"}, {"start": "00:16:50", "end": "00:16:52", "text": "you know very unclear. There's just too"}, {"start": "00:16:52", "end": "00:16:54", "text": "much uncertainty uh from macroeconomic"}, {"start": "00:16:54", "end": "00:16:55", "text": "perspective."}, {"start": "00:16:55", "end": "00:16:58", "text": "Well, I would agree with that statement."}, {"start": "00:16:58", "end": "00:16:59", "text": "Just too much uncertainty on the"}, {"start": "00:16:59", "end": "00:17:02", "text": "macroeconomic position. Um, and he is"}, {"start": "00:17:02", "end": "00:17:03", "text": "right. I mean, most of the time they are"}, {"start": "00:17:03", "end": "00:17:04", "text": "trying to defend their share price. That"}, {"start": "00:17:04", "end": "00:17:07", "text": "is an issue overall. But one thing that"}, {"start": "00:17:07", "end": "00:17:09", "text": "is not something you should maybe"}, {"start": "00:17:09", "end": "00:17:11", "text": "consider is this statement right here,"}, {"start": "00:17:11", "end": "00:17:14", "text": "Jim Kramer. Lots of good elements are"}, {"start": "00:17:14", "end": "00:17:16", "text": "lining up for a rally. I don't know if I"}, {"start": "00:17:16", "end": "00:17:17", "text": "believe that, guys. Do you trust that"}, {"start": "00:17:17", "end": "00:17:21", "text": "guy? Yes. No. Put it in the comments"}, {"start": "00:17:21", "end": "00:17:23", "text": "down below. All right, you guys know"}, {"start": "00:17:23", "end": "00:17:24", "text": "what to do. Make sure and jump into our"}, {"start": "00:17:24", "end": "00:17:26", "text": "own diamond circle. It's where you guys"}, {"start": "00:17:26", "end": "00:17:28", "text": "can join. Of course, it's free. Click"}, {"start": "00:17:28", "end": "00:17:30", "text": "the link down below. And of course,"}, {"start": "00:17:30", "end": "00:17:31", "text": "follow me out there on XP Paul Baron."}, {"start": "00:17:31", "end": "00:17:32", "text": "We'll catch you next time right here on"}, {"start": "00:17:32", "end": "00:17:36", "text": "the Paul Baron Show."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Today we're going to do a little bit of"}, {"start": "00:00:01", "end": "00:00:03", "text": "a breakdown on Avalanche as the market"}, {"start": "00:00:03", "end": "00:00:05", "text": "is melting down. Avalanche is one of"}, {"start": "00:00:05", "end": "00:00:07", "text": "those that's getting hurt the most, but"}, {"start": "00:00:07", "end": "00:00:09", "text": "there are some things to be looking into"}, {"start": "00:00:09", "end": "00:00:11", "text": "it. Uh let's just get right into it. I"}, {"start": "00:00:11", "end": "00:00:12", "text": "want to go over to a couple of things"}, {"start": "00:00:12", "end": "00:00:13", "text": "before we bring on our guest today."}, {"start": "00:00:13", "end": "00:00:16", "text": "We'll have Anthony Scaramucci joining us"}, {"start": "00:00:16", "end": "00:00:18", "text": "uh along with Matt Zang talking about"}, {"start": "00:00:18", "end": "00:00:20", "text": "where Avalanche is going. If you look at"}, {"start": "00:00:20", "end": "00:00:22", "text": "the current metrics especially on"}, {"start": "00:00:22", "end": "00:00:25", "text": "stablecoin uh market cap continuing to"}, {"start": "00:00:25", "end": "00:00:27", "text": "climb right here on Avalanche and this"}, {"start": "00:00:27", "end": "00:00:28", "text": "is one of the things that I think will"}, {"start": "00:00:28", "end": "00:00:31", "text": "continue to see a big move forward as"}, {"start": "00:00:31", "end": "00:00:34", "text": "avalanche maybe stabilizes number of"}, {"start": "00:00:34", "end": "00:00:36", "text": "addresses you look at the monthly"}, {"start": "00:00:36", "end": "00:00:38", "text": "transaction count continuing to climb"}, {"start": "00:00:38", "end": "00:00:41", "text": "this active addresses are stabilizing so"}, {"start": "00:00:41", "end": "00:00:43", "text": "this again good news for Avalanche in"}, {"start": "00:00:43", "end": "00:00:45", "text": "general not only that you can also take"}, {"start": "00:00:45", "end": "00:00:47", "text": "a look at what's going on in the RWBA"}, {"start": "00:00:47", "end": "00:00:48", "text": "market and I'll kind of zoom in on that"}, {"start": "00:00:48", "end": "00:00:50", "text": "for you guys. Avalanche still maintains"}, {"start": "00:00:50", "end": "00:00:53", "text": "the number three spot on networks on the"}, {"start": "00:00:53", "end": "00:00:55", "text": "league table, which is good because it's"}, {"start": "00:00:55", "end": "00:00:57", "text": "still showing good sign of growth."}, {"start": "00:00:57", "end": "00:00:59", "text": "Beyond that, you've also got to look at"}, {"start": "00:00:59", "end": "00:01:00", "text": "the volume on the yen, which has started"}, {"start": "00:01:00", "end": "00:01:03", "text": "to shift over from Polygon to Avalanche,"}, {"start": "00:01:03", "end": "00:01:06", "text": "which is another intriguing component as"}, {"start": "00:01:06", "end": "00:01:08", "text": "we start to think see things unwinding"}, {"start": "00:01:08", "end": "00:01:10", "text": "in Japan that I think will really start"}, {"start": "00:01:10", "end": "00:01:12", "text": "to show uh maybe where the market could"}, {"start": "00:01:12", "end": "00:01:14", "text": "be going very soon. uh continuing to"}, {"start": "00:01:14", "end": "00:01:17", "text": "show very high staking uh pos"}, {"start": "00:01:17", "end": "00:01:19", "text": "percentages and of course that being a"}, {"start": "00:01:19", "end": "00:01:21", "text": "great performance in general and I think"}, {"start": "00:01:21", "end": "00:01:23", "text": "when you look at that along with"}, {"start": "00:01:23", "end": "00:01:25", "text": "transaction fees when you get out there"}, {"start": "00:01:25", "end": "00:01:27", "text": "on Coinbase if you're moving stuff"}, {"start": "00:01:27", "end": "00:01:29", "text": "around Avalanche is still leading the"}, {"start": "00:01:29", "end": "00:01:32", "text": "pack in terms of fees. So you would"}, {"start": "00:01:32", "end": "00:01:34", "text": "wonder why we're continue to see"}, {"start": "00:01:34", "end": "00:01:36", "text": "pressure on the market. Now, just a big"}, {"start": "00:01:36", "end": "00:01:38", "text": "recap of the game awards, which is one"}, {"start": "00:01:38", "end": "00:01:40", "text": "of the key things that Avalanche has"}, {"start": "00:01:40", "end": "00:01:43", "text": "continued to showcase in terms of"}, {"start": "00:01:43", "end": "00:01:45", "text": "strength, and that is their presence in"}, {"start": "00:01:45", "end": "00:01:48", "text": "web 3 gaming. I want to go to a clip"}, {"start": "00:01:48", "end": "00:01:49", "text": "real quick, and then we'll bring our"}, {"start": "00:01:49", "end": "00:01:51", "text": "guests in and kind of break down where"}, {"start": "00:01:51", "end": "00:01:53", "text": "treasures are going. Take a look."}, {"start": "00:01:53", "end": "00:01:58", "text": "And the winner is Maple Story Universe"}, {"start": "00:01:58", "end": "00:02:02", "text": "for best action game, Off the Grid."}, {"start": "00:02:02", "end": "00:02:06", "text": "And the winner is off the grid."}, {"start": "00:02:06", "end": "00:02:10", "text": "And the winner is Off the Grid."}, {"start": "00:02:10", "end": "00:02:14", "text": "And the winner is Off the Grid."}, {"start": "00:02:14", "end": "00:02:16", "text": "Four words in one day."}, {"start": "00:02:16", "end": "00:02:20", "text": "And I'm honored to announce the best"}, {"start": "00:02:20", "end": "00:02:25", "text": "game award. And the winner is, hang on."}, {"start": "00:02:25", "end": "00:02:27", "text": "Off the grid."}, {"start": "00:02:27", "end": "00:02:29", "text": "The people have spoken."}, {"start": "00:02:29", "end": "00:02:31", "text": "All right. So pretty much a slam dunk."}, {"start": "00:02:31", "end": "00:02:33", "text": "you know, when you look at gaming in"}, {"start": "00:02:33", "end": "00:02:35", "text": "general. So, you wonder what other"}, {"start": "00:02:35", "end": "00:02:37", "text": "things could be very bullish for"}, {"start": "00:02:37", "end": "00:02:39", "text": "Avalanche. Well, I wanted to bring on"}, {"start": "00:02:39", "end": "00:02:41", "text": "both Anthony and Matt to kind of talk"}, {"start": "00:02:41", "end": "00:02:42", "text": "about that. So, welcome into the show,"}, {"start": "00:02:42", "end": "00:02:43", "text": "guys. How are you?"}, {"start": "00:02:43", "end": "00:02:45", "text": "Hey, good to be on, Paul."}, {"start": "00:02:45", "end": "00:02:46", "text": "Great to be here."}, {"start": "00:02:46", "end": "00:02:48", "text": "Excellent. Great to see you, uh, guys."}, {"start": "00:02:48", "end": "00:02:49", "text": "And of course, a lot of this when you"}, {"start": "00:02:49", "end": "00:02:51", "text": "look at Avalanche right now, we'll start"}, {"start": "00:02:51", "end": "00:02:54", "text": "with you, Anthony. Uh, many people would"}, {"start": "00:02:54", "end": "00:02:56", "text": "consider this a very underrated chain"}, {"start": "00:02:56", "end": "00:02:58", "text": "right now. kind of give me your"}, {"start": "00:02:58", "end": "00:03:01", "text": "reasoning of why Skybridge is so bullish"}, {"start": "00:03:01", "end": "00:03:02", "text": "on AVAX."}, {"start": "00:03:02", "end": "00:03:04", "text": "Well, first of all, I enjoyed your"}, {"start": "00:03:04", "end": "00:03:06", "text": "preamble and your commentary, but I"}, {"start": "00:03:06", "end": "00:03:07", "text": "think the one thing I just want to"}, {"start": "00:03:07", "end": "00:03:09", "text": "emphasize with the everybody, we've had"}, {"start": "00:03:09", "end": "00:03:12", "text": "a tsunami hit the markets from October"}, {"start": "00:03:12", "end": "00:03:15", "text": "10th. And so, it's it's blown everything"}, {"start": "00:03:15", "end": "00:03:16", "text": "up."}, {"start": "00:03:16", "end": "00:03:18", "text": "Uh, Bitcoin dragged down Salana,"}, {"start": "00:03:18", "end": "00:03:21", "text": "Avalanche, you pick the name. And so the"}, {"start": "00:03:21", "end": "00:03:23", "text": "real question before you and I'll turn"}, {"start": "00:03:23", "end": "00:03:25", "text": "it over to Matt in a second is does"}, {"start": "00:03:25", "end": "00:03:27", "text": "Avalanche have good fundamentals? You"}, {"start": "00:03:27", "end": "00:03:29", "text": "just represented that to everybody"}, {"start": "00:03:29", "end": "00:03:31", "text": "secondarily is Avalanche being adopted"}, {"start": "00:03:31", "end": "00:03:33", "text": "by institutions. Can I go to the"}, {"start": "00:03:33", "end": "00:03:36", "text": "Fortune50 and when they're thinking"}, {"start": "00:03:36", "end": "00:03:38", "text": "about tokenizing things, putting their"}, {"start": "00:03:38", "end": "00:03:40", "text": "finances on chain or putting their stock"}, {"start": "00:03:40", "end": "00:03:44", "text": "or or bond uh capital structure on chain"}, {"start": "00:03:44", "end": "00:03:46", "text": "are they thinking about using Avalanche?"}, {"start": "00:03:46", "end": "00:03:48", "text": "And the answer is yes. And then"}, {"start": "00:03:48", "end": "00:03:50", "text": "secondarily, which is something Matt is"}, {"start": "00:03:50", "end": "00:03:53", "text": "more of an expert on than me, are these"}, {"start": "00:03:53", "end": "00:03:55", "text": "subnetss. You know, you're able to"}, {"start": "00:03:55", "end": "00:03:57", "text": "customize things on Avalanche that you"}, {"start": "00:03:57", "end": "00:04:00", "text": "can't do in other places. So, I am an"}, {"start": "00:04:00", "end": "00:04:02", "text": "old fogy in the industry. Okay? So, when"}, {"start": "00:04:02", "end": "00:04:05", "text": "I look at my peer group that is in their"}, {"start": "00:04:05", "end": "00:04:10", "text": "late 50s, mid60s,"}, {"start": "00:04:10", "end": "00:04:11", "text": "what are they going to adopt? They're"}, {"start": "00:04:11", "end": "00:04:13", "text": "going to want to adopt things that can"}, {"start": "00:04:13", "end": "00:04:15", "text": "customize more than generic things. And"}, {"start": "00:04:15", "end": "00:04:17", "text": "this is why avalanche is going to be a"}, {"start": "00:04:17", "end": "00:04:19", "text": "big part of the future story. So I'm"}, {"start": "00:04:19", "end": "00:04:22", "text": "wildly bullish on Avalanche. This is a"}, {"start": "00:04:22", "end": "00:04:25", "text": "garden variety like correction born from"}, {"start": "00:04:25", "end": "00:04:27", "text": "perhaps excess leverage or maybe a"}, {"start": "00:04:27", "end": "00:04:30", "text": "market maker getting taken out. Uh and I"}, {"start": "00:04:30", "end": "00:04:32", "text": "think the trajectory is still going in"}, {"start": "00:04:32", "end": "00:04:34", "text": "our in our direction. So it's a good"}, {"start": "00:04:34", "end": "00:04:36", "text": "it's good opportunity to buy. Well, I"}, {"start": "00:04:36", "end": "00:04:38", "text": "think that's the point is is when you"}, {"start": "00:04:38", "end": "00:04:39", "text": "see these kind of pullbacks, many people"}, {"start": "00:04:39", "end": "00:04:42", "text": "try to either if you're very bearish or"}, {"start": "00:04:42", "end": "00:04:45", "text": "you're maybe very bullish on a project,"}, {"start": "00:04:45", "end": "00:04:46", "text": "these are the times when you're looking"}, {"start": "00:04:46", "end": "00:04:49", "text": "into it, especially around the idea"}, {"start": "00:04:49", "end": "00:04:51", "text": "around principles and also just the"}, {"start": "00:04:51", "end": "00:04:53", "text": "fundamentals of it. Matt, when you look"}, {"start": "00:04:53", "end": "00:04:54", "text": "at what you guys are doing from a"}, {"start": "00:04:54", "end": "00:04:56", "text": "treasury standpoint, especially on a"}, {"start": "00:04:56", "end": "00:04:58", "text": "strategy side of things, kind of give us"}, {"start": "00:04:58", "end": "00:05:00", "text": "a rundown of what you guys are doing"}, {"start": "00:05:00", "end": "00:05:02", "text": "differently than others out there right"}, {"start": "00:05:02", "end": "00:05:02", "text": "now."}, {"start": "00:05:02", "end": "00:05:04", "text": "Would love to, Paul. So I agree"}, {"start": "00:05:04", "end": "00:05:07", "text": "everything Anthony just mentioned you"}, {"start": "00:05:07", "end": "00:05:10", "text": "know at Hivemind you know we um also"}, {"start": "00:05:10", "end": "00:05:12", "text": "have decades of triify experience. So"}, {"start": "00:05:12", "end": "00:05:14", "text": "when we're approaching blockchain and"}, {"start": "00:05:14", "end": "00:05:16", "text": "crypto we always taking a fundamental"}, {"start": "00:05:16", "end": "00:05:18", "text": "type of approach. For example, this year"}, {"start": "00:05:18", "end": "00:05:20", "text": "everybody talking about that, you know,"}, {"start": "00:05:20", "end": "00:05:22", "text": "as our team, we look at more than 100"}, {"start": "00:05:22", "end": "00:05:25", "text": "tech companies. We invested more than a"}, {"start": "00:05:25", "end": "00:05:26", "text": "dozen, but when actually coming to"}, {"start": "00:05:26", "end": "00:05:29", "text": "sponsor leading one, uh we've been very"}, {"start": "00:05:29", "end": "00:05:31", "text": "careful, Paul. I mean, we actually had"}, {"start": "00:05:31", "end": "00:05:33", "text": "four or five different foundation"}, {"start": "00:05:33", "end": "00:05:35", "text": "approached us early this year having us"}, {"start": "00:05:35", "end": "00:05:38", "text": "to lead structure that for them. We"}, {"start": "00:05:38", "end": "00:05:39", "text": "actually turned every single of them"}, {"start": "00:05:39", "end": "00:05:41", "text": "down. But in the summer when the"}, {"start": "00:05:41", "end": "00:05:43", "text": "Avalanche team sort of like reached out"}, {"start": "00:05:43", "end": "00:05:45", "text": "to us, we knew we want to do this with"}, {"start": "00:05:45", "end": "00:05:48", "text": "them because we know the team for years"}, {"start": "00:05:48", "end": "00:05:51", "text": "uh just like Anthony um and we think"}, {"start": "00:05:51", "end": "00:05:53", "text": "that their chain is really actually"}, {"start": "00:05:53", "end": "00:05:55", "text": "doing what blockchain is supposed to do"}, {"start": "00:05:55", "end": "00:05:57", "text": "is adding the real world utilities with"}, {"start": "00:05:57", "end": "00:06:00", "text": "the right design subnet features to give"}, {"start": "00:06:00", "end": "00:06:02", "text": "financial services industries, the"}, {"start": "00:06:02", "end": "00:06:04", "text": "gaming industries actually a way to"}, {"start": "00:06:04", "end": "00:06:07", "text": "access web 3 in a scalable and a"}, {"start": "00:06:07", "end": "00:06:10", "text": "compliant way. So very quickly I decided"}, {"start": "00:06:10", "end": "00:06:12", "text": "to work with Avalon Foundation. I called"}, {"start": "00:06:12", "end": "00:06:15", "text": "up Anthony. Anthony is very excited"}, {"start": "00:06:15", "end": "00:06:16", "text": "about joining the program. That's the"}, {"start": "00:06:16", "end": "00:06:20", "text": "born of AX1. It's NASDAQ company ticker"}, {"start": "00:06:20", "end": "00:06:23", "text": "ABX. And the goal is is simple. There's"}, {"start": "00:06:23", "end": "00:06:25", "text": "two layers to it like you mentioned and"}, {"start": "00:06:25", "end": "00:06:28", "text": "you know very well. Um like many other"}, {"start": "00:06:28", "end": "00:06:30", "text": "companies there we want to go and"}, {"start": "00:06:30", "end": "00:06:34", "text": "accumulating AEX tokens and accumulating"}, {"start": "00:06:34", "end": "00:06:36", "text": "that for our shareholders on a per uh"}, {"start": "00:06:36", "end": "00:06:38", "text": "share basis. But we're not going to just"}, {"start": "00:06:38", "end": "00:06:40", "text": "do that. You know, I think that"}, {"start": "00:06:40", "end": "00:06:42", "text": "differentiating us from many other debts"}, {"start": "00:06:42", "end": "00:06:44", "text": "is we need a soul for our debts like"}, {"start": "00:06:44", "end": "00:06:46", "text": "what actually we want to do. What is the"}, {"start": "00:06:46", "end": "00:06:47", "text": "operating business model that"}, {"start": "00:06:47", "end": "00:06:50", "text": "differentiating us and making our debt"}, {"start": "00:06:50", "end": "00:06:51", "text": "model future proof"}, {"start": "00:06:51", "end": "00:06:54", "text": "and we believe that actually using the"}, {"start": "00:06:54", "end": "00:06:57", "text": "vehicle to actually building a onchain"}, {"start": "00:06:57", "end": "00:06:59", "text": "financial economy is what we actually"}, {"start": "00:06:59", "end": "00:07:01", "text": "really care excited about. So the goal"}, {"start": "00:07:01", "end": "00:07:03", "text": "is on one side obviously deploying"}, {"start": "00:07:03", "end": "00:07:06", "text": "capitals accumulating AMX tokens in a"}, {"start": "00:07:06", "end": "00:07:09", "text": "smart and scalable way on the other side"}, {"start": "00:07:09", "end": "00:07:10", "text": "is actually with our shareholders"}, {"start": "00:07:10", "end": "00:07:13", "text": "approvals and supports which we've got"}, {"start": "00:07:13", "end": "00:07:15", "text": "going there and looking for web 2"}, {"start": "00:07:15", "end": "00:07:17", "text": "fintech companies let them be remittance"}, {"start": "00:07:17", "end": "00:07:19", "text": "companies payment companies regional"}, {"start": "00:07:19", "end": "00:07:21", "text": "banks insurance companies that are"}, {"start": "00:07:21", "end": "00:07:24", "text": "trading at a very reasonable undervalued"}, {"start": "00:07:24", "end": "00:07:28", "text": "abida multiple basis selectively invest"}, {"start": "00:07:28", "end": "00:07:30", "text": "roll them up acquire them that give us"}, {"start": "00:07:30", "end": "00:07:32", "text": "the cash flow give us the real profit"}, {"start": "00:07:32", "end": "00:07:35", "text": "that actually our company will be valued"}, {"start": "00:07:35", "end": "00:07:37", "text": "at enterprise value beyond simply book"}, {"start": "00:07:37", "end": "00:07:40", "text": "value allow us actually to build what"}, {"start": "00:07:40", "end": "00:07:43", "text": "blockchain enable us to do bring them to"}, {"start": "00:07:43", "end": "00:07:45", "text": "avalanche system supporting the token"}, {"start": "00:07:45", "end": "00:07:47", "text": "supporting ecosystems that's what we're"}, {"start": "00:07:47", "end": "00:07:48", "text": "trying to do here"}, {"start": "00:07:48", "end": "00:07:50", "text": "well okay so a couple of points here I"}, {"start": "00:07:50", "end": "00:07:52", "text": "want to jump back to you uh Anthony and"}, {"start": "00:07:52", "end": "00:07:56", "text": "and you know you come from OG Wall"}, {"start": "00:07:56", "end": "00:07:57", "text": "Street you look at what Wall Street is"}, {"start": "00:07:57", "end": "00:07:59", "text": "doing right now which is pretty much all"}, {"start": "00:07:59", "end": "00:08:02", "text": "in on tokeniz in real world assets. Uh"}, {"start": "00:08:02", "end": "00:08:04", "text": "whether it's Larry, whether you look at"}, {"start": "00:08:04", "end": "00:08:06", "text": "what's happening with Tom Lee, you see"}, {"start": "00:08:06", "end": "00:08:08", "text": "everyone in the market pretty much"}, {"start": "00:08:08", "end": "00:08:10", "text": "pointing in the same direction. Do you"}, {"start": "00:08:10", "end": "00:08:13", "text": "feel that the DAT is the digital asset"}, {"start": "00:08:13", "end": "00:08:16", "text": "treasuries now are being looked at as a"}, {"start": "00:08:16", "end": "00:08:17", "text": "potential unwind?"}, {"start": "00:08:17", "end": "00:08:21", "text": "Well, I I I I think that um some of the"}, {"start": "00:08:21", "end": "00:08:23", "text": "you don't want the baby getting thrown"}, {"start": "00:08:23", "end": "00:08:24", "text": "out with the bathwater. So, yes, some of"}, {"start": "00:08:24", "end": "00:08:26", "text": "these dats, I think one or two of them"}, {"start": "00:08:26", "end": "00:08:27", "text": "are down 96%."}, {"start": "00:08:27", "end": "00:08:30", "text": "Exactly. Uh some of these dats were not"}, {"start": "00:08:30", "end": "00:08:32", "text": "properly designed in the beginning,"}, {"start": "00:08:32", "end": "00:08:34", "text": "Paul. And so now you're, you know, you"}, {"start": "00:08:34", "end": "00:08:36", "text": "know, as the tide goes out, you're"}, {"start": "00:08:36", "end": "00:08:38", "text": "seeing who's swimming half naked, but"}, {"start": "00:08:38", "end": "00:08:39", "text": "you know, you're you're actually talking"}, {"start": "00:08:39", "end": "00:08:41", "text": "to two trade fight people. You know,"}, {"start": "00:08:41", "end": "00:08:44", "text": "Matt was at City Bank, you know, and he"}, {"start": "00:08:44", "end": "00:08:46", "text": "he he ran different businesses for them"}, {"start": "00:08:46", "end": "00:08:48", "text": "before he migrated into the crypto"}, {"start": "00:08:48", "end": "00:08:50", "text": "portion of their business. And what I"}, {"start": "00:08:50", "end": "00:08:52", "text": "would say to you is that you've got"}, {"start": "00:08:52", "end": "00:08:54", "text": "people in this business that are looking"}, {"start": "00:08:54", "end": "00:08:58", "text": "at a way to tangibly take the operating"}, {"start": "00:08:58", "end": "00:08:59", "text": "income that's going to come from the"}, {"start": "00:08:59", "end": "00:09:02", "text": "token and deploy it into accretive"}, {"start": "00:09:02", "end": "00:09:04", "text": "assets. And so and those accretive"}, {"start": "00:09:04", "end": "00:09:07", "text": "assets will also yield positive and"}, {"start": "00:09:07", "end": "00:09:09", "text": "potentially exponential earnings growth."}, {"start": "00:09:09", "end": "00:09:12", "text": "So if you're with us and you take a look"}, {"start": "00:09:12", "end": "00:09:13", "text": "at this as an equity, which to me is at"}, {"start": "00:09:13", "end": "00:09:16", "text": "least a two to fiveear story, you're"}, {"start": "00:09:16", "end": "00:09:18", "text": "going to be dramatically benefited from"}, {"start": "00:09:18", "end": "00:09:20", "text": "that. And if you buy it now at this"}, {"start": "00:09:20", "end": "00:09:21", "text": "level,"}, {"start": "00:09:21", "end": "00:09:23", "text": "you'll be dramatically benefited. And it"}, {"start": "00:09:23", "end": "00:09:25", "text": "just quickly, you know, Coinbase went"}, {"start": "00:09:25", "end": "00:09:27", "text": "public and then well, look at me. Went"}, {"start": "00:09:27", "end": "00:09:29", "text": "right down. Okay, I think it was started"}, {"start": "00:09:29", "end": "00:09:32", "text": "out at 400, it went to 80. It's now back"}, {"start": "00:09:32", "end": "00:09:35", "text": "to 400. If you were brave enough to be"}, {"start": "00:09:35", "end": "00:09:37", "text": "buying it when everybody was naysaying"}, {"start": "00:09:37", "end": "00:09:39", "text": "it, look at the fundamentals of that"}, {"start": "00:09:39", "end": "00:09:41", "text": "story and look at what's happened there"}, {"start": "00:09:41", "end": "00:09:44", "text": "over the last four years. So this bare"}, {"start": "00:09:44", "end": "00:09:46", "text": "market that we're experiencing, which I"}, {"start": "00:09:46", "end": "00:09:47", "text": "love about these bare markets, they're"}, {"start": "00:09:47", "end": "00:09:49", "text": "always unexpected, but this unexpected"}, {"start": "00:09:49", "end": "00:09:52", "text": "bare market that we're experiencing is a"}, {"start": "00:09:52", "end": "00:09:54", "text": "wonderful opportunity if you believe in"}, {"start": "00:09:54", "end": "00:09:56", "text": "the longterm fundamentals of something"}, {"start": "00:09:56", "end": "00:09:57", "text": "like AVAC one."}, {"start": "00:09:57", "end": "00:09:59", "text": "Yeah. Well, I think that's the thing."}, {"start": "00:09:59", "end": "00:10:01", "text": "And and Matt, to your to your credit, I"}, {"start": "00:10:01", "end": "00:10:03", "text": "think what you guys have done, you know,"}, {"start": "00:10:03", "end": "00:10:05", "text": "from a strategy standpoint is really"}, {"start": "00:10:05", "end": "00:10:07", "text": "step beyond the idea of just holding the"}, {"start": "00:10:07", "end": "00:10:09", "text": "asset, the core asset. This is something"}, {"start": "00:10:09", "end": "00:10:12", "text": "that we understand as investors who are"}, {"start": "00:10:12", "end": "00:10:14", "text": "have been in digital assets and we"}, {"start": "00:10:14", "end": "00:10:16", "text": "understand the technology. Is this a"}, {"start": "00:10:16", "end": "00:10:18", "text": "hard sell to an investor who maybe"}, {"start": "00:10:18", "end": "00:10:21", "text": "doesn't know this right now? How do you"}, {"start": "00:10:21", "end": "00:10:22", "text": "how do you get it out there?"}, {"start": "00:10:22", "end": "00:10:23", "text": "It's a great question. I I want to"}, {"start": "00:10:23", "end": "00:10:25", "text": "approach this and also answer some of"}, {"start": "00:10:25", "end": "00:10:27", "text": "your questions earlier in a different"}, {"start": "00:10:27", "end": "00:10:30", "text": "way. I would say all of us three"}, {"start": "00:10:30", "end": "00:10:32", "text": "remember do bubble. Every Google born"}, {"start": "00:10:32", "end": "00:10:35", "text": "from that bubble. You had a thousand"}, {"start": "00:10:35", "end": "00:10:36", "text": "companies internet company didn't make"}, {"start": "00:10:36", "end": "00:10:37", "text": "it. Right"}, {"start": "00:10:37", "end": "00:10:39", "text": "now looking back you're absolutely going"}, {"start": "00:10:39", "end": "00:10:42", "text": "to say that's a bubble but that didn't"}, {"start": "00:10:42", "end": "00:10:44", "text": "mean internet has no utility. To the"}, {"start": "00:10:44", "end": "00:10:47", "text": "contrary we went on for 25 year amazing"}, {"start": "00:10:47", "end": "00:10:49", "text": "internet era. I'm going to say the same"}, {"start": "00:10:49", "end": "00:10:51", "text": "thing here. I don't think that going to"}, {"start": "00:10:51", "end": "00:10:53", "text": "unwind but I think that absolutely need"}, {"start": "00:10:53", "end": "00:10:55", "text": "to evolve for every single successful"}, {"start": "00:10:55", "end": "00:10:57", "text": "tech companies that going to evolve from"}, {"start": "00:10:57", "end": "00:10:59", "text": "here. You're going to have a hundred"}, {"start": "00:10:59", "end": "00:11:01", "text": "that company probably fail because they"}, {"start": "00:11:01", "end": "00:11:02", "text": "were never supposed to build a"}, {"start": "00:11:02", "end": "00:11:04", "text": "longlasting sustainable business."}, {"start": "00:11:04", "end": "00:11:06", "text": "Right. By the way, Paul, as you know,"}, {"start": "00:11:06", "end": "00:11:07", "text": "it's earning season. There's a lot of"}, {"start": "00:11:07", "end": "00:11:10", "text": "10Ks, 10 Q, 8Ks out there,"}, {"start": "00:11:10", "end": "00:11:12", "text": "which means as all of those getting"}, {"start": "00:11:12", "end": "00:11:15", "text": "revealed, you're going to have a lot of"}, {"start": "00:11:15", "end": "00:11:17", "text": "shocking details people going to find in"}, {"start": "00:11:17", "end": "00:11:18", "text": "them that are not supposed to be in them"}, {"start": "00:11:18", "end": "00:11:20", "text": "because you have people doesn't have the"}, {"start": "00:11:20", "end": "00:11:22", "text": "tri experience trying to run a public"}, {"start": "00:11:22", "end": "00:11:24", "text": "company barely understand how to run an"}, {"start": "00:11:24", "end": "00:11:26", "text": "earning call. You ask me, I think none"}, {"start": "00:11:26", "end": "00:11:28", "text": "of those stats exist in the first place"}, {"start": "00:11:28", "end": "00:11:29", "text": "because they never have the right"}, {"start": "00:11:29", "end": "00:11:33", "text": "thoughts to do that. AX1 Anthony and I"}, {"start": "00:11:33", "end": "00:11:35", "text": "and our leadership team I don't know"}, {"start": "00:11:35", "end": "00:11:36", "text": "whether you know this Paul but let me"}, {"start": "00:11:36", "end": "00:11:38", "text": "share this with your audience we're one"}, {"start": "00:11:38", "end": "00:11:39", "text": "of the few if not the only one actually"}, {"start": "00:11:39", "end": "00:11:42", "text": "went for full shareholder vote to do"}, {"start": "00:11:42", "end": "00:11:45", "text": "this many companies out there they"}, {"start": "00:11:45", "end": "00:11:47", "text": "didn't get one they may or may not need"}, {"start": "00:11:47", "end": "00:11:49", "text": "but when we facing questions like this"}, {"start": "00:11:49", "end": "00:11:51", "text": "we said we want to do things in a slower"}, {"start": "00:11:51", "end": "00:11:52", "text": "way because we want to do things in the"}, {"start": "00:11:52", "end": "00:11:54", "text": "right way if you think that one month"}, {"start": "00:11:54", "end": "00:11:57", "text": "delay was so meaningful or you are"}, {"start": "00:11:57", "end": "00:11:58", "text": "woring shareholder is not going to prove"}, {"start": "00:11:58", "end": "00:12:00", "text": "your debt you really should think about"}, {"start": "00:12:00", "end": "00:12:01", "text": "whether you should do this in the first"}, {"start": "00:12:01", "end": "00:12:02", "text": "place,"}, {"start": "00:12:02", "end": "00:12:02", "text": "right?"}, {"start": "00:12:02", "end": "00:12:05", "text": "So I think that that market as today the"}, {"start": "00:12:05", "end": "00:12:07", "text": "way it is is not sustainable. People"}, {"start": "00:12:07", "end": "00:12:09", "text": "needs to evolve. We're very excited"}, {"start": "00:12:09", "end": "00:12:11", "text": "about the way we're building it. And"}, {"start": "00:12:11", "end": "00:12:12", "text": "here come back to your second question"}, {"start": "00:12:12", "end": "00:12:14", "text": "which is how we're going to tell the"}, {"start": "00:12:14", "end": "00:12:16", "text": "story traditional investor. Would they"}, {"start": "00:12:16", "end": "00:12:18", "text": "understand it? Well, the point here is"}, {"start": "00:12:18", "end": "00:12:21", "text": "actually not to say we're avalanche dad."}, {"start": "00:12:21", "end": "00:12:24", "text": "The here point is to say are you excited"}, {"start": "00:12:24", "end": "00:12:26", "text": "investing a company that's going to"}, {"start": "00:12:26", "end": "00:12:28", "text": "build the future of unchained financial"}, {"start": "00:12:28", "end": "00:12:31", "text": "economy? It just happens the underlying"}, {"start": "00:12:31", "end": "00:12:33", "text": "technology we're going to utilize"}, {"start": "00:12:33", "end": "00:12:36", "text": "building it is the best one in town"}, {"start": "00:12:36", "end": "00:12:38", "text": "which is Avalanche network. So this is"}, {"start": "00:12:38", "end": "00:12:40", "text": "the vision we're doing is just it's"}, {"start": "00:12:40", "end": "00:12:42", "text": "powered by the Avalanche network"}, {"start": "00:12:42", "end": "00:12:44", "text": "ecosystem. Not to say we're going to"}, {"start": "00:12:44", "end": "00:12:46", "text": "find a chain just cumulating tokens and"}, {"start": "00:12:46", "end": "00:12:47", "text": "then trying to figure out what to do"}, {"start": "00:12:47", "end": "00:12:49", "text": "with it. I think that flip logic is"}, {"start": "00:12:49", "end": "00:12:51", "text": "really really meaningful for us."}, {"start": "00:12:51", "end": "00:12:53", "text": "Let me get your temperature Anthony."}, {"start": "00:12:53", "end": "00:12:55", "text": "Wall Street today."}, {"start": "00:12:55", "end": "00:12:57", "text": "Where would you put this on a one to 10"}, {"start": "00:12:57", "end": "00:13:00", "text": "scale of problockchain or are they"}, {"start": "00:13:00", "end": "00:13:02", "text": "starting to question just because of"}, {"start": "00:13:02", "end": "00:13:04", "text": "what we're seeing happen over the last"}, {"start": "00:13:04", "end": "00:13:05", "text": "month?"}, {"start": "00:13:05", "end": "00:13:07", "text": "Well, I mean, listen, the last month, if"}, {"start": "00:13:07", "end": "00:13:10", "text": "you are a crypto bear or you miss"}, {"start": "00:13:10", "end": "00:13:12", "text": "Bitcoin and you hate on Bitcoin, this is"}, {"start": "00:13:12", "end": "00:13:14", "text": "fantastic. You know, the the the haters"}, {"start": "00:13:14", "end": "00:13:17", "text": "will creep out of the woodwork and start"}, {"start": "00:13:17", "end": "00:13:20", "text": "lamb basing people on Twitter. But for"}, {"start": "00:13:20", "end": "00:13:23", "text": "me, I think generally Wall Street is"}, {"start": "00:13:23", "end": "00:13:24", "text": "moving in the right direction. Just go"}, {"start": "00:13:24", "end": "00:13:26", "text": "to Larry Frink and what's going on there"}, {"start": "00:13:26", "end": "00:13:28", "text": "at Black Rockck or look at what's going"}, {"start": "00:13:28", "end": "00:13:30", "text": "on Fidelity. Even Van, it looks like now"}, {"start": "00:13:30", "end": "00:13:32", "text": "is going to come into the fray for"}, {"start": "00:13:32", "end": "00:13:34", "text": "Bitcoin. So,"}, {"start": "00:13:34", "end": "00:13:36", "text": "uh, you know, and what we left out,"}, {"start": "00:13:36", "end": "00:13:38", "text": "which I think Matt would agree with me,"}, {"start": "00:13:38", "end": "00:13:40", "text": "there's OG Bitcoin sellers that have"}, {"start": "00:13:40", "end": "00:13:42", "text": "entered the marketplace. Uh, billions of"}, {"start": "00:13:42", "end": "00:13:44", "text": "dollars have been flooded into the"}, {"start": "00:13:44", "end": "00:13:46", "text": "marketplace by OG sellers. And so I'm"}, {"start": "00:13:46", "end": "00:13:49", "text": "going to use a trade fi analogy here."}, {"start": "00:13:49", "end": "00:13:50", "text": "Those are sort of like venture"}, {"start": "00:13:50", "end": "00:13:51", "text": "capitalists that are long-term holders"}, {"start": "00:13:51", "end": "00:13:54", "text": "of an IPO and they've decided now that"}, {"start": "00:13:54", "end": "00:13:57", "text": "this is the right time to sell. That"}, {"start": "00:13:57", "end": "00:13:58", "text": "typically if it's a good fundamental"}, {"start": "00:13:58", "end": "00:14:02", "text": "story that that recirculation of supply"}, {"start": "00:14:02", "end": "00:14:04", "text": "is a great building block to build off"}, {"start": "00:14:04", "end": "00:14:06", "text": "of. In fact, having more decentralized"}, {"start": "00:14:06", "end": "00:14:09", "text": "supply is a better thing for long-term"}, {"start": "00:14:09", "end": "00:14:12", "text": "asset prices. So I think haters are"}, {"start": "00:14:12", "end": "00:14:15", "text": "hating, no question. But generally, Wall"}, {"start": "00:14:15", "end": "00:14:17", "text": "Street is moving in the right direction."}, {"start": "00:14:17", "end": "00:14:19", "text": "Do you think that we're in a position"}, {"start": "00:14:19", "end": "00:14:21", "text": "right now, especially from a regulatory"}, {"start": "00:14:21", "end": "00:14:23", "text": "side of things? You think about what"}, {"start": "00:14:23", "end": "00:14:26", "text": "Elon was trying to do with uh his effort"}, {"start": "00:14:26", "end": "00:14:29", "text": "around Doge. He was exploring blockchain"}, {"start": "00:14:29", "end": "00:14:32", "text": "usage in US government in general."}, {"start": "00:14:32", "end": "00:14:34", "text": "Avalanche of course has been one of the"}, {"start": "00:14:34", "end": "00:14:35", "text": "critical chains out there that have been"}, {"start": "00:14:35", "end": "00:14:38", "text": "able to do this, actually get it done."}, {"start": "00:14:38", "end": "00:14:42", "text": "Do you think that is uh maybe a bigger"}, {"start": "00:14:42", "end": "00:14:44", "text": "selling point going forward that the"}, {"start": "00:14:44", "end": "00:14:47", "text": "infrastructure play for AVAC is untold"}, {"start": "00:14:47", "end": "00:14:47", "text": "right now?"}, {"start": "00:14:47", "end": "00:14:50", "text": "Yes, but remember I'm a realist, okay?"}, {"start": "00:14:50", "end": "00:14:51", "text": "We have a lot of older people in the"}, {"start": "00:14:51", "end": "00:14:54", "text": "government, okay? And so Donald Trump is"}, {"start": "00:14:54", "end": "00:14:57", "text": "closing on 80. Joe Biden closing on 82."}, {"start": "00:14:57", "end": "00:15:00", "text": "Nancy Pelosi finally leaving at age 85."}, {"start": "00:15:00", "end": "00:15:02", "text": "I guess Chuck Chuck Grassley is going to"}, {"start": "00:15:02", "end": "00:15:05", "text": "be in the Senate for another 500 years."}, {"start": "00:15:05", "end": "00:15:07", "text": "I would tell your children to be nice to"}, {"start": "00:15:07", "end": "00:15:08", "text": "the world because they're leaving it to"}, {"start": "00:15:08", "end": "00:15:11", "text": "Chuck Grassley. And so my point is, as"}, {"start": "00:15:11", "end": "00:15:14", "text": "these older people phase out and a"}, {"start": "00:15:14", "end": "00:15:16", "text": "younger group of people enter the"}, {"start": "00:15:16", "end": "00:15:17", "text": "government, guess what they're going to"}, {"start": "00:15:17", "end": "00:15:18", "text": "do? They're going to do what Elon Musk"}, {"start": "00:15:18", "end": "00:15:20", "text": "said to do? They're going to put the"}, {"start": "00:15:20", "end": "00:15:23", "text": "stuff on the fully transparent, fully"}, {"start": "00:15:23", "end": "00:15:26", "text": "distributed blockchain. And uh Avalanche"}, {"start": "00:15:26", "end": "00:15:27", "text": "is going to be one of those because of"}, {"start": "00:15:27", "end": "00:15:29", "text": "the customization capabilities of"}, {"start": "00:15:29", "end": "00:15:30", "text": "Avalanche."}, {"start": "00:15:30", "end": "00:15:32", "text": "No doubt. Well, here was Amen kind of"}, {"start": "00:15:32", "end": "00:15:34", "text": "hitting on this US uh uh Commerce"}, {"start": "00:15:34", "end": "00:15:36", "text": "Department distributing GDP data on"}, {"start": "00:15:36", "end": "00:15:38", "text": "chain. That was back in August, I think,"}, {"start": "00:15:38", "end": "00:15:41", "text": "when he put this out. So, a pretty big"}, {"start": "00:15:41", "end": "00:15:42", "text": "deal going forward. I want to kind of"}, {"start": "00:15:42", "end": "00:15:44", "text": "backtrack just a second here around"}, {"start": "00:15:44", "end": "00:15:46", "text": "yieldbearing assets and especially"}, {"start": "00:15:46", "end": "00:15:49", "text": "what's been going on with DATs because"}, {"start": "00:15:49", "end": "00:15:50", "text": "now we're seeing some DATs that are"}, {"start": "00:15:50", "end": "00:15:52", "text": "start starting to activate yield"}, {"start": "00:15:52", "end": "00:15:54", "text": "strategies. If you look, of course, I'm"}, {"start": "00:15:54", "end": "00:15:56", "text": "just in general looking at what's going"}, {"start": "00:15:56", "end": "00:15:59", "text": "on on Yeliaak, but there's a lot of"}, {"start": "00:15:59", "end": "00:16:00", "text": "opportunities here in terms of pretty"}, {"start": "00:16:00", "end": "00:16:03", "text": "significant yields. What are you guys"}, {"start": "00:16:03", "end": "00:16:05", "text": "going to use, Matt, for yield"}, {"start": "00:16:05", "end": "00:16:07", "text": "generation?"}, {"start": "00:16:07", "end": "00:16:09", "text": "We need to take a balanced approach. On"}, {"start": "00:16:09", "end": "00:16:12", "text": "one side, you know, yields are great,"}, {"start": "00:16:12", "end": "00:16:14", "text": "especially if we can supporting"}, {"start": "00:16:14", "end": "00:16:16", "text": "avalanche ecosystem companies and"}, {"start": "00:16:16", "end": "00:16:18", "text": "there's many talented teams and people"}, {"start": "00:16:18", "end": "00:16:20", "text": "are building avalanche ecosystem. On the"}, {"start": "00:16:20", "end": "00:16:22", "text": "other side, typically there's risk"}, {"start": "00:16:22", "end": "00:16:24", "text": "associated with a higher yield, right?"}, {"start": "00:16:24", "end": "00:16:27", "text": "So we as one of the and we'll be one of"}, {"start": "00:16:27", "end": "00:16:30", "text": "the largest holders of avalanche tokens."}, {"start": "00:16:30", "end": "00:16:33", "text": "Our job is stewardship that token"}, {"start": "00:16:33", "end": "00:16:35", "text": "treasury. So we were obviously"}, {"start": "00:16:35", "end": "00:16:36", "text": "participating in native staking because"}, {"start": "00:16:36", "end": "00:16:38", "text": "native staking means more than just"}, {"start": "00:16:38", "end": "00:16:40", "text": "getting yield. It's about participating"}, {"start": "00:16:40", "end": "00:16:42", "text": "in the community decisions uh supporting"}, {"start": "00:16:42", "end": "00:16:44", "text": "decentralizations which beyond economic"}, {"start": "00:16:44", "end": "00:16:46", "text": "reason. So we're going to be very active"}, {"start": "00:16:46", "end": "00:16:48", "text": "there. Beyond that, we always want to"}, {"start": "00:16:48", "end": "00:16:51", "text": "have part of the treasuries that seeking"}, {"start": "00:16:51", "end": "00:16:54", "text": "yields um that away from native staking"}, {"start": "00:16:54", "end": "00:16:56", "text": "and getting higher yields. But I want to"}, {"start": "00:16:56", "end": "00:16:58", "text": "double down here is like whatever we do"}, {"start": "00:16:58", "end": "00:17:00", "text": "that needs to be on a risk adjusted"}, {"start": "00:17:00", "end": "00:17:02", "text": "basis. But I think it's great to see the"}, {"start": "00:17:02", "end": "00:17:05", "text": "ecosystem, the DeFi communities. So"}, {"start": "00:17:05", "end": "00:17:07", "text": "prosperities and there's a lot of"}, {"start": "00:17:07", "end": "00:17:09", "text": "activities going on there and our team"}, {"start": "00:17:09", "end": "00:17:11", "text": "has been engaging with many funders and"}, {"start": "00:17:11", "end": "00:17:12", "text": "we're looking for different ways to sort"}, {"start": "00:17:12", "end": "00:17:15", "text": "of maximizing the MNAV and the yields"}, {"start": "00:17:15", "end": "00:17:16", "text": "for our treasury."}, {"start": "00:17:16", "end": "00:17:19", "text": "Yeah. Anthony, you you I'm sure you saw"}, {"start": "00:17:19", "end": "00:17:21", "text": "Tom Lee's interview uh with I think it"}, {"start": "00:17:21", "end": "00:17:24", "text": "was CNBC um where"}, {"start": "00:17:24", "end": "00:17:26", "text": "Yeah. He he kind of got cornered into a"}, {"start": "00:17:26", "end": "00:17:28", "text": "position of trying to explain what was"}, {"start": "00:17:28", "end": "00:17:31", "text": "happening with these market makers. he"}, {"start": "00:17:31", "end": "00:17:33", "text": "kind of regailed around the idea of a"}, {"start": "00:17:33", "end": "00:17:36", "text": "glitch. And do you think he handled that"}, {"start": "00:17:36", "end": "00:17:38", "text": "right? I mean, we we we are arguing that"}, {"start": "00:17:38", "end": "00:17:40", "text": "internally here as to whether or not"}, {"start": "00:17:40", "end": "00:17:41", "text": "that was the right way to approach it,"}, {"start": "00:17:41", "end": "00:17:43", "text": "especially with BMR as one of the"}, {"start": "00:17:43", "end": "00:17:45", "text": "biggest stats out there."}, {"start": "00:17:45", "end": "00:17:48", "text": "Did he handle it right? Um, I think it's"}, {"start": "00:17:48", "end": "00:17:49", "text": "pretty honest. I mean, I watched the"}, {"start": "00:17:49", "end": "00:17:51", "text": "interview twice now. I think he's trying"}, {"start": "00:17:51", "end": "00:17:54", "text": "to tell you that uh Matt said it before"}, {"start": "00:17:54", "end": "00:17:55", "text": "we went live here. We were in the green"}, {"start": "00:17:55", "end": "00:17:58", "text": "room, Matt and I, and Matt said somebody"}, {"start": "00:17:58", "end": "00:18:00", "text": "got burned very badly October 10th and"}, {"start": "00:18:00", "end": "00:18:01", "text": "11th."}, {"start": "00:18:01", "end": "00:18:04", "text": "They're probably try tied to TradeFi, so"}, {"start": "00:18:04", "end": "00:18:07", "text": "they haven't fully exploded. Uh, but"}, {"start": "00:18:07", "end": "00:18:09", "text": "they're in the process of dumping and"}, {"start": "00:18:09", "end": "00:18:12", "text": "liquidating inventory and trying to"}, {"start": "00:18:12", "end": "00:18:15", "text": "delever themselves. And this happened"}, {"start": "00:18:15", "end": "00:18:17", "text": "during the FDX debacle. It happened late"}, {"start": "00:18:17", "end": "00:18:19", "text": "in 2021"}, {"start": "00:18:19", "end": "00:18:20", "text": "uh when it looked like we weren't going"}, {"start": "00:18:20", "end": "00:18:23", "text": "to get the uh the cryptocash ETF after"}, {"start": "00:18:23", "end": "00:18:26", "text": "the the futures ETF. And so I think he"}, {"start": "00:18:26", "end": "00:18:28", "text": "he got a little tongue tied, but he was"}, {"start": "00:18:28", "end": "00:18:30", "text": "trying to explain to people that there's"}, {"start": "00:18:30", "end": "00:18:32", "text": "an operational thing that's going on"}, {"start": "00:18:32", "end": "00:18:34", "text": "right now that's going to take a few"}, {"start": "00:18:34", "end": "00:18:36", "text": "weeks to get itself out of the"}, {"start": "00:18:36", "end": "00:18:38", "text": "marketplace. Now he said eight weeks,"}, {"start": "00:18:38", "end": "00:18:40", "text": "we're into week six. I would be"}, {"start": "00:18:40", "end": "00:18:42", "text": "interested to see what Matt says. I"}, {"start": "00:18:42", "end": "00:18:43", "text": "think we're getting to the end. And I"}, {"start": "00:18:43", "end": "00:18:47", "text": "think the bottom off that 81 number, if"}, {"start": "00:18:47", "end": "00:18:49", "text": "this holds for the next week, I think 81"}, {"start": "00:18:49", "end": "00:18:52", "text": "could be the the interim bare market low"}, {"start": "00:18:52", "end": "00:18:54", "text": "possibly. You know, maybe that'll be the"}, {"start": "00:18:54", "end": "00:18:56", "text": "low. But I'll just leave you with this"}, {"start": "00:18:56", "end": "00:18:58", "text": "thought, Paul. The buying is there. You"}, {"start": "00:18:58", "end": "00:19:00", "text": "know, you talk to Robbie Mitchnik at"}, {"start": "00:19:00", "end": "00:19:01", "text": "Black Rockck. You talk to other guys"}, {"start": "00:19:01", "end": "00:19:04", "text": "that are selling ETFs, 11 or 12 ETFs"}, {"start": "00:19:04", "end": "00:19:06", "text": "that are out there. The volume is there."}, {"start": "00:19:06", "end": "00:19:09", "text": "And so, oh, ETFs liquidate. Sure, they"}, {"start": "00:19:09", "end": "00:19:11", "text": "go through spasms of liquidation, but on"}, {"start": "00:19:11", "end": "00:19:14", "text": "a net basis, the ETFs are buying and"}, {"start": "00:19:14", "end": "00:19:17", "text": "that will push the price of Bitcoin up"}, {"start": "00:19:17", "end": "00:19:19", "text": "over the next 3 to 6 months. Just we we"}, {"start": "00:19:19", "end": "00:19:22", "text": "like calendar year endings to be great."}, {"start": "00:19:22", "end": "00:19:24", "text": "This calendar year ending probably won't"}, {"start": "00:19:24", "end": "00:19:26", "text": "be great, but I like the next 24 months."}, {"start": "00:19:26", "end": "00:19:27", "text": "Listen, we're definitely going to get"}, {"start": "00:19:27", "end": "00:19:29", "text": "both of you back on the show because"}, {"start": "00:19:29", "end": "00:19:30", "text": "there's so much more I think we need to"}, {"start": "00:19:30", "end": "00:19:32", "text": "unwrap here. Maybe after this market"}, {"start": "00:19:32", "end": "00:19:34", "text": "stabilizes a little bit. We'd love to"}, {"start": "00:19:34", "end": "00:19:36", "text": "have you back because there's I think"}, {"start": "00:19:36", "end": "00:19:37", "text": "what you're doing from a strategy"}, {"start": "00:19:37", "end": "00:19:40", "text": "standpoint. one super interesting and"}, {"start": "00:19:40", "end": "00:19:42", "text": "also very important I think for at least"}, {"start": "00:19:42", "end": "00:19:44", "text": "the Avalanche ecosystem. So Anthony"}, {"start": "00:19:44", "end": "00:19:46", "text": "Matt, thanks for coming in today. We"}, {"start": "00:19:46", "end": "00:19:47", "text": "appreciate it."}, {"start": "00:19:47", "end": "00:19:49", "text": "Great to be on. Good to see you, Matt."}, {"start": "00:19:49", "end": "00:19:50", "text": "Good to see you, Paul."}, {"start": "00:19:50", "end": "00:19:52", "text": "All right, see you guys."}, {"start": "00:19:52", "end": "00:19:54", "text": "You guys, you guys know what to do. If"}, {"start": "00:19:54", "end": "00:19:55", "text": "you're not already doing it, make sure"}, {"start": "00:19:55", "end": "00:19:57", "text": "and jump in on our private group. We"}, {"start": "00:19:57", "end": "00:19:59", "text": "always leave a link down below. You can"}, {"start": "00:19:59", "end": "00:20:00", "text": "join down there for free. And of course,"}, {"start": "00:20:00", "end": "00:20:03", "text": "follow me out there on X, Paul Baron."}, {"start": "00:20:03", "end": "00:20:04", "text": "We'll catch you next time right here on"}, {"start": "00:20:04", "end": "00:20:08", "text": "the Paul Baron Show."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Panic selling in the market has started"}, {"start": "00:00:02", "end": "00:00:04", "text": "and today we'll break it down for you."}, {"start": "00:00:04", "end": "00:00:05", "text": "Where is the market going? Well, if you"}, {"start": "00:00:05", "end": "00:00:08", "text": "take a look at the charts, things are"}, {"start": "00:00:08", "end": "00:00:09", "text": "not looking good for Bitcoin right now"}, {"start": "00:00:09", "end": "00:00:12", "text": "as we are trading at 864 at time of"}, {"start": "00:00:12", "end": "00:00:16", "text": "filming after several multiple days on a"}, {"start": "00:00:16", "end": "00:00:19", "text": "downward trend and current sentiment"}, {"start": "00:00:19", "end": "00:00:21", "text": "right now not looking good on Bitcoin or"}, {"start": "00:00:21", "end": "00:00:23", "text": "the crypto markets in general. One thing"}, {"start": "00:00:23", "end": "00:00:25", "text": "to consider is whether or not we're"}, {"start": "00:00:25", "end": "00:00:27", "text": "starting to see a crypto contagion with"}, {"start": "00:00:27", "end": "00:00:29", "text": "ETH falling below 2900. All right. So"}, {"start": "00:00:29", "end": "00:00:31", "text": "when you look at one other factor that"}, {"start": "00:00:31", "end": "00:00:34", "text": "plays into this is the digital asset"}, {"start": "00:00:34", "end": "00:00:35", "text": "treasuries. This of course is kind of"}, {"start": "00:00:35", "end": "00:00:37", "text": "talking about it right here is where"}, {"start": "00:00:37", "end": "00:00:39", "text": "they are uh unwinding. Many people are"}, {"start": "00:00:39", "end": "00:00:41", "text": "kind of pushing back on that. Why do"}, {"start": "00:00:41", "end": "00:00:42", "text": "these DATs need to sell or buy back"}, {"start": "00:00:42", "end": "00:00:44", "text": "shares when Michael Sailor doesn't have"}, {"start": "00:00:44", "end": "00:00:46", "text": "to? He doesn't need to yet. If he gets"}, {"start": "00:00:46", "end": "00:00:48", "text": "too bad he will have to. That's the real"}, {"start": "00:00:48", "end": "00:00:50", "text": "question that everybody's asking because"}, {"start": "00:00:50", "end": "00:00:53", "text": "we are looking at some severe pain"}, {"start": "00:00:53", "end": "00:00:55", "text": "within these digital asset treasuries."}, {"start": "00:00:55", "end": "00:00:57", "text": "One of course is the infamous Tom Lee"}, {"start": "00:00:57", "end": "00:01:00", "text": "starting to take on a certain amount of"}, {"start": "00:01:00", "end": "00:01:02", "text": "pain right there. And if this continues"}, {"start": "00:01:02", "end": "00:01:05", "text": "for Ethereum, if we do see it continue"}, {"start": "00:01:05", "end": "00:01:08", "text": "to push down and we do enter a true bare"}, {"start": "00:01:08", "end": "00:01:11", "text": "market, how does this portray an"}, {"start": "00:01:11", "end": "00:01:13", "text": "strategy at least for how these debts"}, {"start": "00:01:13", "end": "00:01:14", "text": "will start to move forward? I think this"}, {"start": "00:01:14", "end": "00:01:16", "text": "is the factor that everybody needs to"}, {"start": "00:01:16", "end": "00:01:19", "text": "consider right now. I would say that"}, {"start": "00:01:19", "end": "00:01:20", "text": "first of all, I don't think they're"}, {"start": "00:01:20", "end": "00:01:21", "text": "ponzies, but I do think that they need"}, {"start": "00:01:21", "end": "00:01:23", "text": "to have a strategy that has something"}, {"start": "00:01:23", "end": "00:01:26", "text": "more than just holding an asset. And"}, {"start": "00:01:26", "end": "00:01:28", "text": "everybody's talked about this. We've had"}, {"start": "00:01:28", "end": "00:01:29", "text": "several on our show that have talked"}, {"start": "00:01:29", "end": "00:01:31", "text": "about this is that multiple strategies"}, {"start": "00:01:31", "end": "00:01:33", "text": "for income producing within these"}, {"start": "00:01:33", "end": "00:01:35", "text": "treasury companies. In many cases, they"}, {"start": "00:01:35", "end": "00:01:36", "text": "don't even call them treasury companies."}, {"start": "00:01:36", "end": "00:01:38", "text": "Those are the ones to be uh on the"}, {"start": "00:01:38", "end": "00:01:40", "text": "lookout if you're going that direction."}, {"start": "00:01:40", "end": "00:01:42", "text": "Other news, you had ETH uh back loans"}, {"start": "00:01:42", "end": "00:01:44", "text": "now on Coinbase starting to move. you"}, {"start": "00:01:44", "end": "00:01:46", "text": "can now use your ETH as collateral to"}, {"start": "00:01:46", "end": "00:01:47", "text": "borrow USDC. And a lot of people might"}, {"start": "00:01:47", "end": "00:01:49", "text": "be saying, \"Well, I'm going to wait for"}, {"start": "00:01:49", "end": "00:01:51", "text": "Ethereum to get into a position where it"}, {"start": "00:01:51", "end": "00:01:54", "text": "could bounce.\" And that is a loan entry"}, {"start": "00:01:54", "end": "00:01:56", "text": "position. If you guys want to do that,"}, {"start": "00:01:56", "end": "00:01:57", "text": "of course, you can jump over to"}, {"start": "00:01:57", "end": "00:02:00", "text": "coinbase.com, sign up there using our"}, {"start": "00:02:00", "end": "00:02:02", "text": "link. It's just really easy. Uh, click"}, {"start": "00:02:02", "end": "00:02:04", "text": "that down below and let me know what"}, {"start": "00:02:04", "end": "00:02:05", "text": "what you guys think. Are you doing any"}, {"start": "00:02:05", "end": "00:02:07", "text": "kind of crypto loans as the market"}, {"start": "00:02:07", "end": "00:02:09", "text": "starts to come down? Because this as the"}, {"start": "00:02:09", "end": "00:02:11", "text": "market starts to move in a downward"}, {"start": "00:02:11", "end": "00:02:13", "text": "direction, is that the time for you to"}, {"start": "00:02:13", "end": "00:02:15", "text": "maybe look longterm? Because a lot of"}, {"start": "00:02:15", "end": "00:02:18", "text": "people have these horizons that are"}, {"start": "00:02:18", "end": "00:02:21", "text": "three, five, seven years out. Do you"}, {"start": "00:02:21", "end": "00:02:23", "text": "think Ethereum's going to be up in three"}, {"start": "00:02:23", "end": "00:02:24", "text": "years? Do you think Ethereum is going to"}, {"start": "00:02:24", "end": "00:02:26", "text": "be up in 5 years? I think you might"}, {"start": "00:02:26", "end": "00:02:28", "text": "agree with me. Yes. Other things that"}, {"start": "00:02:28", "end": "00:02:30", "text": "are going on right now, I want to go to"}, {"start": "00:02:30", "end": "00:02:31", "text": "this headline real quick because this"}, {"start": "00:02:31", "end": "00:02:34", "text": "gets into some uh kind of the macro side"}, {"start": "00:02:34", "end": "00:02:35", "text": "of what's going on within the"}, {"start": "00:02:35", "end": "00:02:37", "text": "administration. the education department"}, {"start": "00:02:37", "end": "00:02:39", "text": "is restructuring, but it doesn't involve"}, {"start": "00:02:39", "end": "00:02:42", "text": "student debt. Uh, and this is a problem"}, {"start": "00:02:42", "end": "00:02:43", "text": "because if you look at one of the things"}, {"start": "00:02:43", "end": "00:02:45", "text": "that they're focusing on in this"}, {"start": "00:02:45", "end": "00:02:47", "text": "article, they're attempting to hollow"}, {"start": "00:02:47", "end": "00:02:49", "text": "out the US Department of Education. And"}, {"start": "00:02:49", "end": "00:02:51", "text": "a couple of points within this, student"}, {"start": "00:02:51", "end": "00:02:53", "text": "loan borrowers have faced even more"}, {"start": "00:02:53", "end": "00:02:55", "text": "problems in the private market. So, if"}, {"start": "00:02:55", "end": "00:02:58", "text": "they end up taking that student loan"}, {"start": "00:02:58", "end": "00:02:59", "text": "debt and doing something in the private"}, {"start": "00:02:59", "end": "00:03:02", "text": "market, this could be a big problem"}, {"start": "00:03:02", "end": "00:03:03", "text": "going forward, not only for the"}, {"start": "00:03:03", "end": "00:03:04", "text": "administration, but I think from an"}, {"start": "00:03:04", "end": "00:03:06", "text": "economic standpoint, uh, a big hit"}, {"start": "00:03:06", "end": "00:03:09", "text": "overall because borrowers are saw their"}, {"start": "00:03:09", "end": "00:03:12", "text": "complete debt balloon with no end in"}, {"start": "00:03:12", "end": "00:03:14", "text": "sight, uh, do a lot due to a lot of loan"}, {"start": "00:03:14", "end": "00:03:17", "text": "mismanagement. So, not a good sign right"}, {"start": "00:03:17", "end": "00:03:19", "text": "now when it comes to student loans and"}, {"start": "00:03:19", "end": "00:03:22", "text": "the Department of Education. With that"}, {"start": "00:03:22", "end": "00:03:24", "text": "happening, one thing that you kind of"}, {"start": "00:03:24", "end": "00:03:26", "text": "have to consider is that what caused the"}, {"start": "00:03:26", "end": "00:03:29", "text": "S&P to take a massive rally down. This 2"}, {"start": "00:03:29", "end": "00:03:33", "text": "and a.5% in 80 minutes, guys, not normal"}, {"start": "00:03:33", "end": "00:03:36", "text": "for the S&P 500. If we have that"}, {"start": "00:03:36", "end": "00:03:38", "text": "occurring with what's going on with the"}, {"start": "00:03:38", "end": "00:03:39", "text": "Department of Education and the"}, {"start": "00:03:39", "end": "00:03:41", "text": "restructuring of some of these major"}, {"start": "00:03:41", "end": "00:03:43", "text": "government facilities, what happens when"}, {"start": "00:03:43", "end": "00:03:46", "text": "we start to float around the issue of"}, {"start": "00:03:46", "end": "00:03:47", "text": "healthcare? Because that's one of the"}, {"start": "00:03:47", "end": "00:03:48", "text": "biggest issues that I think is facing"}, {"start": "00:03:48", "end": "00:03:50", "text": "our administration right now. And"}, {"start": "00:03:50", "end": "00:03:52", "text": "remember that healthc care was kind of"}, {"start": "00:03:52", "end": "00:03:55", "text": "dangled out there by Mike Johnson during"}, {"start": "00:03:55", "end": "00:03:57", "text": "the closure of the government and they"}, {"start": "00:03:57", "end": "00:04:00", "text": "still have another closure coming up"}, {"start": "00:04:00", "end": "00:04:01", "text": "very soon that's going to have to handle"}, {"start": "00:04:01", "end": "00:04:04", "text": "a reopening and the Republicans were the"}, {"start": "00:04:04", "end": "00:04:06", "text": "ones that said we have a plan or we have"}, {"start": "00:04:06", "end": "00:04:08", "text": "the ability to talk about a plan. I"}, {"start": "00:04:08", "end": "00:04:09", "text": "don't think any of that has actually"}, {"start": "00:04:09", "end": "00:04:11", "text": "occurred. So again just a kicking the"}, {"start": "00:04:11", "end": "00:04:13", "text": "can down the road. This is not bullish"}, {"start": "00:04:13", "end": "00:04:15", "text": "for any of the markets and I think"}, {"start": "00:04:15", "end": "00:04:16", "text": "they're starting to show that. One thing"}, {"start": "00:04:16", "end": "00:04:19", "text": "that is bullish though is Nvidia reports"}, {"start": "00:04:19", "end": "00:04:21", "text": "57 billion in revenue. This is higher"}, {"start": "00:04:21", "end": "00:04:23", "text": "than expectations kind of had it. This"}, {"start": "00:04:23", "end": "00:04:25", "text": "was a great meme right there. And that's"}, {"start": "00:04:25", "end": "00:04:27", "text": "what I feel like is that right now"}, {"start": "00:04:27", "end": "00:04:28", "text": "Jensen is definitely protecting the"}, {"start": "00:04:28", "end": "00:04:30", "text": "entire economy because it is one that is"}, {"start": "00:04:30", "end": "00:04:33", "text": "starting to get a little bit edgy in the"}, {"start": "00:04:33", "end": "00:04:35", "text": "overall markets. Big tech firms rise"}, {"start": "00:04:35", "end": "00:04:37", "text": "after Nvidia's results ease fears of"}, {"start": "00:04:37", "end": "00:04:39", "text": "their AI bubble. And I don't know, do"}, {"start": "00:04:39", "end": "00:04:41", "text": "you guys believe or which side do you"}, {"start": "00:04:41", "end": "00:04:43", "text": "fall on? Do you fall on the AI bubble"}, {"start": "00:04:43", "end": "00:04:47", "text": "camp that this is overbought oversold or"}, {"start": "00:04:47", "end": "00:04:51", "text": "do you lie on that no this is an up only"}, {"start": "00:04:51", "end": "00:04:52", "text": "uh trajectory? There's a lot of analysts"}, {"start": "00:04:52", "end": "00:04:53", "text": "out there right now and a lot of"}, {"start": "00:04:53", "end": "00:04:56", "text": "investors I know that are very very pro."}, {"start": "00:04:56", "end": "00:04:59", "text": "Now granted their time horizon is three,"}, {"start": "00:04:59", "end": "00:05:02", "text": "five, seven years and if that is the"}, {"start": "00:05:02", "end": "00:05:03", "text": "case, if you're thinking whether it's"}, {"start": "00:05:03", "end": "00:05:06", "text": "Alphabet, Amazon, Meta, Apple, all of"}, {"start": "00:05:06", "end": "00:05:08", "text": "those starting to move up. If that's the"}, {"start": "00:05:08", "end": "00:05:10", "text": "case, then maybe this is the uh trade"}, {"start": "00:05:10", "end": "00:05:13", "text": "for you guys. Nvidia earnings uh"}, {"start": "00:05:13", "end": "00:05:15", "text": "takeaways uh was really a concern"}, {"start": "00:05:15", "end": "00:05:17", "text": "because a lot of people were concerned"}, {"start": "00:05:17", "end": "00:05:20", "text": "about not only the issue with China, but"}, {"start": "00:05:20", "end": "00:05:23", "text": "also this kind of circular motion of"}, {"start": "00:05:23", "end": "00:05:26", "text": "where one company gives loans to another"}, {"start": "00:05:26", "end": "00:05:29", "text": "to buy their product. This has been done"}, {"start": "00:05:29", "end": "00:05:31", "text": "before in industry, but it's kind of"}, {"start": "00:05:31", "end": "00:05:33", "text": "interesting because it it does hit a"}, {"start": "00:05:33", "end": "00:05:34", "text": "little bit closer to home. There's been"}, {"start": "00:05:34", "end": "00:05:36", "text": "a lot of talk about the bubble. Wong"}, {"start": "00:05:36", "end": "00:05:38", "text": "said from our vantage we see something"}, {"start": "00:05:38", "end": "00:05:41", "text": "very different and he should say that"}, {"start": "00:05:41", "end": "00:05:43", "text": "this is of course Bernstein saying that"}, {"start": "00:05:43", "end": "00:05:45", "text": "perhaps the AI trade is not dead yet."}, {"start": "00:05:45", "end": "00:05:47", "text": "Other things that are being looked at"}, {"start": "00:05:47", "end": "00:05:49", "text": "right now the company has orders of 500"}, {"start": "00:05:49", "end": "00:05:52", "text": "billion in AI chips for 25 and six. So"}, {"start": "00:05:52", "end": "00:05:55", "text": "again this may take some time to unwind"}, {"start": "00:05:55", "end": "00:05:56", "text": "a lot of these data centers that will"}, {"start": "00:05:56", "end": "00:05:58", "text": "going to continue to contribute to the"}, {"start": "00:05:58", "end": "00:06:00", "text": "economy. A lot of these orders that have"}, {"start": "00:06:00", "end": "00:06:03", "text": "already been somewhat paid for at least"}, {"start": "00:06:03", "end": "00:06:05", "text": "uh booked in terms of revenue. And I"}, {"start": "00:06:05", "end": "00:06:08", "text": "think this will be the thing to watch as"}, {"start": "00:06:08", "end": "00:06:10", "text": "we start to see all of this go into"}, {"start": "00:06:10", "end": "00:06:14", "text": "2026. Now, Ray Dallio says maybe there's"}, {"start": "00:06:14", "end": "00:06:15", "text": "a different angle on this. Listen to"}, {"start": "00:06:15", "end": "00:06:16", "text": "this clip."}, {"start": "00:06:16", "end": "00:06:20", "text": "I think the real issue is who owns the"}, {"start": "00:06:20", "end": "00:06:20", "text": "stock."}, {"start": "00:06:20", "end": "00:06:21", "text": "Okay."}, {"start": "00:06:21", "end": "00:06:24", "text": "Is it in strong hands? Not not not just"}, {"start": "00:06:24", "end": "00:06:26", "text": "one stock. Isn't it amazing? We're"}, {"start": "00:06:26", "end": "00:06:29", "text": "talking about one stock for the stock"}, {"start": "00:06:29", "end": "00:06:31", "text": "market bubble and and we're talking"}, {"start": "00:06:31", "end": "00:06:34", "text": "about for the economy bubble. So you"}, {"start": "00:06:34", "end": "00:06:36", "text": "have such a small percentage of the"}, {"start": "00:06:36", "end": "00:06:39", "text": "economy, such a small percentage of the"}, {"start": "00:06:39", "end": "00:06:42", "text": "American population in terms of wealth"}, {"start": "00:06:42", "end": "00:06:45", "text": "and so on concentrated so concentrated"}, {"start": "00:06:45", "end": "00:06:49", "text": "and everybody in it and and in a"}, {"start": "00:06:49", "end": "00:06:51", "text": "leveraged way in various ways it's it"}, {"start": "00:06:51", "end": "00:06:52", "text": "has leverage."}, {"start": "00:06:52", "end": "00:06:54", "text": "What are strong hands? What how would"}, {"start": "00:06:54", "end": "00:06:55", "text": "you define that?"}, {"start": "00:06:55", "end": "00:06:58", "text": "Uh uh weak hands would be the public."}, {"start": "00:06:58", "end": "00:07:00", "text": "So retail investors are weak hands,"}, {"start": "00:07:00", "end": "00:07:02", "text": "right? Strong hands are the owners of"}, {"start": "00:07:02", "end": "00:07:04", "text": "these companies. The the the"}, {"start": "00:07:04", "end": "00:07:07", "text": "right in other words, strong hands is uh"}, {"start": "00:07:07", "end": "00:07:09", "text": "that they primarily invest their own"}, {"start": "00:07:09", "end": "00:07:11", "text": "money. They're um it you don't have"}, {"start": "00:07:11", "end": "00:07:14", "text": "public, right? The weak hands is largely"}, {"start": "00:07:14", "end": "00:07:17", "text": "let's say a leveraged public"}, {"start": "00:07:17", "end": "00:07:20", "text": "and all united about that. That's that's"}, {"start": "00:07:20", "end": "00:07:22", "text": "one of the key ingredients of a bubble."}, {"start": "00:07:22", "end": "00:07:25", "text": "So it's not just pricing. Wealth can't"}, {"start": "00:07:25", "end": "00:07:28", "text": "be spent. In order to in order to get"}, {"start": "00:07:28", "end": "00:07:32", "text": "money, you have to sell wealth in order"}, {"start": "00:07:32", "end": "00:07:35", "text": "to get cash to get the money to buy"}, {"start": "00:07:35", "end": "00:07:37", "text": "things. And so when that happens,"}, {"start": "00:07:37", "end": "00:07:40", "text": "bubbles burst. So bubble bursting means"}, {"start": "00:07:40", "end": "00:07:42", "text": "let's say a tightening of monetary"}, {"start": "00:07:42", "end": "00:07:45", "text": "policy is classic. But also something"}, {"start": "00:07:45", "end": "00:07:48", "text": "like wealth taxes can happen."}, {"start": "00:07:48", "end": "00:07:49", "text": "All right. So Dalio hitting on a few"}, {"start": "00:07:49", "end": "00:07:52", "text": "points there. I think he is right is"}, {"start": "00:07:52", "end": "00:07:54", "text": "that with Nvidia right now which is"}, {"start": "00:07:54", "end": "00:07:57", "text": "dictating the market the real question"}, {"start": "00:07:57", "end": "00:08:00", "text": "is the stock in the right kind of hands"}, {"start": "00:08:00", "end": "00:08:02", "text": "in terms of long-term"}, {"start": "00:08:02", "end": "00:08:05", "text": "analysts I'm talking to everybody is"}, {"start": "00:08:05", "end": "00:08:07", "text": "still very pro AI seeing this as a"}, {"start": "00:08:07", "end": "00:08:09", "text": "long-term trade and I think the real"}, {"start": "00:08:09", "end": "00:08:11", "text": "question is is what is that split if we"}, {"start": "00:08:11", "end": "00:08:13", "text": "see more retail and we are starting to"}, {"start": "00:08:13", "end": "00:08:16", "text": "see a little bit more of a crack uh in"}, {"start": "00:08:16", "end": "00:08:18", "text": "the economy could we see retail finally"}, {"start": "00:08:18", "end": "00:08:20", "text": "in a position where they might say hey"}, {"start": "00:08:20", "end": "00:08:22", "text": "listen unwind this trade that I think"}, {"start": "00:08:22", "end": "00:08:24", "text": "gets into this whole issue around the"}, {"start": "00:08:24", "end": "00:08:26", "text": "Fed because this is another factor that"}, {"start": "00:08:26", "end": "00:08:28", "text": "plays into it. Here's a Bloomberg"}, {"start": "00:08:28", "end": "00:08:29", "text": "analyst. Take a look."}, {"start": "00:08:29", "end": "00:08:31", "text": "That the temporary pullback in stocks is"}, {"start": "00:08:31", "end": "00:08:33", "text": "not the bursting of the AI bubble. We"}, {"start": "00:08:33", "end": "00:08:34", "text": "expect the AI bubble to inflate"}, {"start": "00:08:34", "end": "00:08:37", "text": "significantly further into 2026. We"}, {"start": "00:08:37", "end": "00:08:39", "text": "don't know the exact timeline of when"}, {"start": "00:08:39", "end": "00:08:40", "text": "it's going to burst, but it does not"}, {"start": "00:08:40", "end": "00:08:42", "text": "appear we're close to bursting yet."}, {"start": "00:08:42", "end": "00:08:45", "text": "If we don't get a Fed cut in December,"}, {"start": "00:08:45", "end": "00:08:46", "text": "is that a problem?"}, {"start": "00:08:46", "end": "00:08:47", "text": "Uh, I don't think it's a problem, first"}, {"start": "00:08:47", "end": "00:08:50", "text": "of all. uh because they won't they won't"}, {"start": "00:08:50", "end": "00:08:53", "text": "cut uh unless you know it's clear they"}, {"start": "00:08:53", "end": "00:08:54", "text": "need to. I'm not convinced that it's"}, {"start": "00:08:54", "end": "00:08:56", "text": "obvious they need to at some point"}, {"start": "00:08:56", "end": "00:08:59", "text": "obviously when the US economy slows down"}, {"start": "00:08:59", "end": "00:09:00", "text": "hard they're going to cut super"}, {"start": "00:09:00", "end": "00:09:02", "text": "aggressively. I don't think they need to"}, {"start": "00:09:02", "end": "00:09:04", "text": "be going for a preemptive cut now and I"}, {"start": "00:09:04", "end": "00:09:06", "text": "don't think the US economy is careening"}, {"start": "00:09:06", "end": "00:09:08", "text": "off a cliff edge just yet. So therefore"}, {"start": "00:09:08", "end": "00:09:09", "text": "I don't think they should be cut and"}, {"start": "00:09:09", "end": "00:09:10", "text": "cutting. I don't think it's a problem."}, {"start": "00:09:10", "end": "00:09:12", "text": "One of the things that fueling"}, {"start": "00:09:12", "end": "00:09:15", "text": "valuations is that we are always under"}, {"start": "00:09:15", "end": "00:09:17", "text": "Trump administration going to get e uh"}, {"start": "00:09:17", "end": "00:09:20", "text": "fed policy which is too easy for the"}, {"start": "00:09:20", "end": "00:09:22", "text": "economic fundamentals based on orthodox"}, {"start": "00:09:22", "end": "00:09:24", "text": "economic policy and that helps asset"}, {"start": "00:09:24", "end": "00:09:27", "text": "prices but the AI bubble is its own"}, {"start": "00:09:27", "end": "00:09:29", "text": "theme and it's more dominant and we are"}, {"start": "00:09:29", "end": "00:09:31", "text": "at the inflation stage of incredible"}, {"start": "00:09:31", "end": "00:09:33", "text": "capex spending which benefits some of"}, {"start": "00:09:33", "end": "00:09:35", "text": "the big names out there."}, {"start": "00:09:35", "end": "00:09:37", "text": "All right, so there you go guys. uh this"}, {"start": "00:09:37", "end": "00:09:39", "text": "is getting very dicey because I think"}, {"start": "00:09:39", "end": "00:09:42", "text": "you look at what the AI bubble could"}, {"start": "00:09:42", "end": "00:09:45", "text": "comprise of is a lot of major companies"}, {"start": "00:09:45", "end": "00:09:47", "text": "that apply into this and this even would"}, {"start": "00:09:47", "end": "00:09:49", "text": "I think bleed over into stocks like"}, {"start": "00:09:49", "end": "00:09:51", "text": "Tesla obviously what's happening with"}, {"start": "00:09:51", "end": "00:09:54", "text": "Meta uh and of course um even Google and"}, {"start": "00:09:54", "end": "00:09:56", "text": "Alphabet to a certain extent the other"}, {"start": "00:09:56", "end": "00:09:58", "text": "things you have to kind of consider is"}, {"start": "00:09:58", "end": "00:10:00", "text": "how is the economy doing well jobs are"}, {"start": "00:10:00", "end": "00:10:02", "text": "usually the number one indicator for"}, {"start": "00:10:02", "end": "00:10:04", "text": "that US department of labor finally"}, {"start": "00:10:04", "end": "00:10:06", "text": "labor finally published their September"}, {"start": "00:10:06", "end": "00:10:08", "text": "jobs data and this was a little bit"}, {"start": "00:10:08", "end": "00:10:10", "text": "surprising because it's up and this"}, {"start": "00:10:10", "end": "00:10:13", "text": "uptick of 119,000 nonfarm payroll jobs"}, {"start": "00:10:13", "end": "00:10:15", "text": "this was adding 50,000 above"}, {"start": "00:10:15", "end": "00:10:18", "text": "expectations was a good indicator the"}, {"start": "00:10:18", "end": "00:10:20", "text": "real question is is will this lighten"}, {"start": "00:10:20", "end": "00:10:22", "text": "the load for the Fed on them be able to"}, {"start": "00:10:22", "end": "00:10:25", "text": "do a cut in December if in fact that"}, {"start": "00:10:25", "end": "00:10:27", "text": "they do do a cut in December and that I"}, {"start": "00:10:27", "end": "00:10:28", "text": "think is the real question that"}, {"start": "00:10:28", "end": "00:10:30", "text": "everybody's asking I'll show you a poly"}, {"start": "00:10:30", "end": "00:10:32", "text": "market on that here in a second Charlie"}, {"start": "00:10:32", "end": "00:10:34", "text": "Bellow basically said total number of"}, {"start": "00:10:34", "end": "00:10:37", "text": "jobs in the US increased by 8 over the"}, {"start": "00:10:37", "end": "00:10:39", "text": "past year, slowest growth since 21, but"}, {"start": "00:10:39", "end": "00:10:41", "text": "in the fa in the past 50 years, this is"}, {"start": "00:10:41", "end": "00:10:43", "text": "the type of weakness in the jobs market"}, {"start": "00:10:43", "end": "00:10:46", "text": "that has preceded recessions and a spike"}, {"start": "00:10:46", "end": "00:10:49", "text": "in the unemployment rate 100% of the"}, {"start": "00:10:49", "end": "00:10:51", "text": "time. This is the problem that we are"}, {"start": "00:10:51", "end": "00:10:53", "text": "looking at right now is unemployment. If"}, {"start": "00:10:53", "end": "00:10:54", "text": "we continue to see this, because this"}, {"start": "00:10:54", "end": "00:10:55", "text": "might be one of those things where we"}, {"start": "00:10:55", "end": "00:10:58", "text": "just get a small move and we still have"}, {"start": "00:10:58", "end": "00:11:00", "text": "a downward trend. Remember, we had not"}, {"start": "00:11:00", "end": "00:11:02", "text": "been collecting data for almost uh 50"}, {"start": "00:11:02", "end": "00:11:05", "text": "days. So all of that playing into where"}, {"start": "00:11:05", "end": "00:11:07", "text": "we are now. I want to go over to another"}, {"start": "00:11:07", "end": "00:11:09", "text": "one cuz this is whether or not we need a"}, {"start": "00:11:09", "end": "00:11:13", "text": "rate cut despite this kind of good data"}, {"start": "00:11:13", "end": "00:11:16", "text": "coming out of the BLS. Take a look."}, {"start": "00:11:16", "end": "00:11:18", "text": "Is it strong enough that it doesn't need"}, {"start": "00:11:18", "end": "00:11:21", "text": "assistance from the Fed?"}, {"start": "00:11:21", "end": "00:11:23", "text": "Well, I think the president has been"}, {"start": "00:11:23", "end": "00:11:25", "text": "pretty clear on this issue. U we did see"}, {"start": "00:11:25", "end": "00:11:27", "text": "the two rate cuts. I think the Fed does"}, {"start": "00:11:27", "end": "00:11:30", "text": "need to go ahead and cut again. You"}, {"start": "00:11:30", "end": "00:11:31", "text": "know, when I travel around the country"}, {"start": "00:11:31", "end": "00:11:33", "text": "talking to businesses, which I have hit"}, {"start": "00:11:33", "end": "00:11:36", "text": "36 out of 50 states on my 50 state tour"}, {"start": "00:11:36", "end": "00:11:38", "text": "before, you know, the Democratic"}, {"start": "00:11:38", "end": "00:11:40", "text": "shutdown happened, those business owners"}, {"start": "00:11:40", "end": "00:11:42", "text": "are wanting to borrow more money at a"}, {"start": "00:11:42", "end": "00:11:44", "text": "cheaper rate to invest in their"}, {"start": "00:11:44", "end": "00:11:46", "text": "workforce. That is what they're asking."}, {"start": "00:11:46", "end": "00:11:48", "text": "And so, I think another rate cut is"}, {"start": "00:11:48", "end": "00:11:50", "text": "exactly what we need um to really grow"}, {"start": "00:11:50", "end": "00:11:54", "text": "this workforce. I mean, we see uh GDP is"}, {"start": "00:11:54", "end": "00:11:57", "text": "up 4.2%. I think that that's positive"}, {"start": "00:11:57", "end": "00:11:59", "text": "growth and we want to see more private"}, {"start": "00:11:59", "end": "00:12:01", "text": "sector jobs come online. Out of the"}, {"start": "00:12:01", "end": "00:12:05", "text": "119,000 jobs we saw, 97,000 of those"}, {"start": "00:12:05", "end": "00:12:07", "text": "jobs have been in the private sector,"}, {"start": "00:12:07", "end": "00:12:09", "text": "which is way different than the Biden"}, {"start": "00:12:09", "end": "00:12:10", "text": "administration when we saw they were all"}, {"start": "00:12:10", "end": "00:12:12", "text": "government jobs. So, I think we're on"}, {"start": "00:12:12", "end": "00:12:13", "text": "the right track."}, {"start": "00:12:13", "end": "00:12:15", "text": "All right. I think this is a very"}, {"start": "00:12:15", "end": "00:12:17", "text": "critical time, guys. We are dealing with"}, {"start": "00:12:17", "end": "00:12:20", "text": "a unique position in a market that has"}, {"start": "00:12:20", "end": "00:12:22", "text": "been somewhat depressed overall."}, {"start": "00:12:22", "end": "00:12:25", "text": "inflation continuing to rise and I would"}, {"start": "00:12:25", "end": "00:12:27", "text": "agree with uh the department of or the"}, {"start": "00:12:27", "end": "00:12:29", "text": "department of business there and that is"}, {"start": "00:12:29", "end": "00:12:31", "text": "around how businesses are looking at"}, {"start": "00:12:31", "end": "00:12:33", "text": "growing and most of them are in most"}, {"start": "00:12:33", "end": "00:12:35", "text": "cases looking to try to add capital and"}, {"start": "00:12:35", "end": "00:12:37", "text": "the way you add capital typically is"}, {"start": "00:12:37", "end": "00:12:39", "text": "taking loans but you want to do it when"}, {"start": "00:12:39", "end": "00:12:41", "text": "loan rates are much lower and that's"}, {"start": "00:12:41", "end": "00:12:43", "text": "what we're seeing that's what I'm seeing"}, {"start": "00:12:43", "end": "00:12:45", "text": "out there within a lot of the people"}, {"start": "00:12:45", "end": "00:12:47", "text": "that we're you know having discussions"}, {"start": "00:12:47", "end": "00:12:48", "text": "with all the time is these small"}, {"start": "00:12:48", "end": "00:12:51", "text": "businesses want this to be able to grow"}, {"start": "00:12:51", "end": "00:12:53", "text": "and this is a factor that plays out."}, {"start": "00:12:53", "end": "00:12:55", "text": "Here you go. Let's take a look at poly"}, {"start": "00:12:55", "end": "00:12:57", "text": "market. Poly market of course drove way"}, {"start": "00:12:57", "end": "00:13:02", "text": "up here to a no change at 76% and then"}, {"start": "00:13:02", "end": "00:13:04", "text": "had a bit of a reversal possibly due to"}, {"start": "00:13:04", "end": "00:13:08", "text": "this jobs data maybe down to 63. The"}, {"start": "00:13:08", "end": "00:13:10", "text": "real question is is do we get the"}, {"start": "00:13:10", "end": "00:13:12", "text": "quarter coming up because there is the"}, {"start": "00:13:12", "end": "00:13:15", "text": "quarter coming up to 36% after dropping"}, {"start": "00:13:15", "end": "00:13:18", "text": "down to 22. So getting very erratic"}, {"start": "00:13:18", "end": "00:13:21", "text": "right now as uh many of the market"}, {"start": "00:13:21", "end": "00:13:23", "text": "makers do not really understand where"}, {"start": "00:13:23", "end": "00:13:26", "text": "this is going. Anthony Pompiano, we're"}, {"start": "00:13:26", "end": "00:13:27", "text": "in a generational bull market because"}, {"start": "00:13:27", "end": "00:13:29", "text": "our central bank and politicians can"}, {"start": "00:13:29", "end": "00:13:30", "text": "never stop printing money and this is"}, {"start": "00:13:30", "end": "00:13:33", "text": "eventually going to be the case again"}, {"start": "00:13:33", "end": "00:13:36", "text": "with QE. It is coming guys. Fiat is"}, {"start": "00:13:36", "end": "00:13:37", "text": "definitely not necessarily the angle"}, {"start": "00:13:37", "end": "00:13:40", "text": "here. You know what to do in terms of"}, {"start": "00:13:40", "end": "00:13:43", "text": "how do you protect against this. other"}, {"start": "00:13:43", "end": "00:13:45", "text": "points that I want to kind of hit on is"}, {"start": "00:13:45", "end": "00:13:48", "text": "how does this play out into the retail"}, {"start": "00:13:48", "end": "00:13:50", "text": "holiday because there's two things that"}, {"start": "00:13:50", "end": "00:13:54", "text": "will give the economy at least a feeling"}, {"start": "00:13:54", "end": "00:13:55", "text": "as though the market is starting to turn"}, {"start": "00:13:55", "end": "00:13:57", "text": "or or at least the inflation numbers and"}, {"start": "00:13:57", "end": "00:13:59", "text": "the economy is starting to turn around"}, {"start": "00:13:59", "end": "00:14:01", "text": "and that is the holiday period. Usually"}, {"start": "00:14:01", "end": "00:14:03", "text": "it's going to be in retail sales or it's"}, {"start": "00:14:03", "end": "00:14:05", "text": "just in consumer sentiment. Take a look"}, {"start": "00:14:05", "end": "00:14:06", "text": "at this clip."}, {"start": "00:14:06", "end": "00:14:08", "text": "Now the duo have a different expectation"}, {"start": "00:14:08", "end": "00:14:11", "text": "than Lawrence about when consumers will"}, {"start": "00:14:11", "end": "00:14:14", "text": "shop. specifically 15 times between"}, {"start": "00:14:14", "end": "00:14:16", "text": "November and January. And this is based"}, {"start": "00:14:16", "end": "00:14:18", "text": "on a survey that Kohl's did last year"}, {"start": "00:14:18", "end": "00:14:20", "text": "about the average number of store trips"}, {"start": "00:14:20", "end": "00:14:22", "text": "that shoppers took during the holiday"}, {"start": "00:14:22", "end": "00:14:23", "text": "season."}, {"start": "00:14:23", "end": "00:14:24", "text": "Store trips, not just buying online."}, {"start": "00:14:24", "end": "00:14:27", "text": "Not just buying online stores on"}, {"start": "00:14:27", "end": "00:14:27", "text": "average."}, {"start": "00:14:27", "end": "00:14:29", "text": "My guess based on what you just told us"}, {"start": "00:14:29", "end": "00:14:31", "text": "is that this holiday season is going to"}, {"start": "00:14:31", "end": "00:14:34", "text": "be a pretty good season for the shoppers"}, {"start": "00:14:34", "end": "00:14:35", "text": "because they're not worried about"}, {"start": "00:14:35", "end": "00:14:38", "text": "inventory. they have a lot of it and"}, {"start": "00:14:38", "end": "00:14:40", "text": "they are reading that oh shoppers are"}, {"start": "00:14:40", "end": "00:14:42", "text": "responding to bargains which basically"}, {"start": "00:14:42", "end": "00:14:44", "text": "means shoppers are training them into"}, {"start": "00:14:44", "end": "00:14:46", "text": "putting sales back on."}, {"start": "00:14:46", "end": "00:14:48", "text": "He said if we run the same promotion"}, {"start": "00:14:48", "end": "00:14:50", "text": "this year that we ran last year we're"}, {"start": "00:14:50", "end": "00:14:51", "text": "getting a higher take rate is that maybe"}, {"start": "00:14:51", "end": "00:14:53", "text": "they'll run that promotion but maybe"}, {"start": "00:14:53", "end": "00:14:56", "text": "it'll be for 4 days instead of 10 days"}, {"start": "00:14:56", "end": "00:14:59", "text": "or maybe it'll be on a specific item in"}, {"start": "00:14:59", "end": "00:15:03", "text": "a brand but not the entire brand itself."}, {"start": "00:15:03", "end": "00:15:05", "text": "Yeah, I don't know about that data"}, {"start": "00:15:05", "end": "00:15:07", "text": "because I'm, you know, I'm talking to a"}, {"start": "00:15:07", "end": "00:15:10", "text": "lot of CEOs with national chains and"}, {"start": "00:15:10", "end": "00:15:12", "text": "they're telling me that the number of"}, {"start": "00:15:12", "end": "00:15:14", "text": "foot traffic visits they're getting is"}, {"start": "00:15:14", "end": "00:15:16", "text": "dropped off dramatically over the past"}, {"start": "00:15:16", "end": "00:15:19", "text": "90 days and this is starting to become a"}, {"start": "00:15:19", "end": "00:15:21", "text": "waterfall effect into the end of the"}, {"start": "00:15:21", "end": "00:15:23", "text": "year is the real question. If you look"}, {"start": "00:15:23", "end": "00:15:24", "text": "at some of the publicly traded"}, {"start": "00:15:24", "end": "00:15:26", "text": "restaurant brands and chains out there,"}, {"start": "00:15:26", "end": "00:15:28", "text": "you've seen a massive fall off in places"}, {"start": "00:15:28", "end": "00:15:30", "text": "like Chipotle and many others. almost"}, {"start": "00:15:30", "end": "00:15:32", "text": "almost looks as bad as the crypto market"}, {"start": "00:15:32", "end": "00:15:34", "text": "in terms of how these stocks are"}, {"start": "00:15:34", "end": "00:15:36", "text": "performing. And you look at that"}, {"start": "00:15:36", "end": "00:15:38", "text": "indicator, which usually is an indicator"}, {"start": "00:15:38", "end": "00:15:41", "text": "to retail, I think retail is going to"}, {"start": "00:15:41", "end": "00:15:43", "text": "have to get very aggressive on pricing"}, {"start": "00:15:43", "end": "00:15:46", "text": "to be able to lure buyers in. And that"}, {"start": "00:15:46", "end": "00:15:49", "text": "is going to translate into lower numbers"}, {"start": "00:15:49", "end": "00:15:50", "text": "for these publicly traded companies."}, {"start": "00:15:50", "end": "00:15:53", "text": "Meaning Q1 performance is not going to"}, {"start": "00:15:53", "end": "00:15:56", "text": "look good as well as Q4 performance in"}, {"start": "00:15:56", "end": "00:15:58", "text": "terms of profits. So be on the lookout"}, {"start": "00:15:58", "end": "00:16:00", "text": "for that because that of course"}, {"start": "00:16:00", "end": "00:16:01", "text": "translates to a lot of the investments"}, {"start": "00:16:01", "end": "00:16:03", "text": "on the traditional market which"}, {"start": "00:16:03", "end": "00:16:06", "text": "translates into how they play that into"}, {"start": "00:16:06", "end": "00:16:08", "text": "risk markets. Bitcoin hits its most"}, {"start": "00:16:08", "end": "00:16:12", "text": "bearish levels in the bull cycle and has"}, {"start": "00:16:12", "end": "00:16:14", "text": "it ended guys let me know what you guys"}, {"start": "00:16:14", "end": "00:16:15", "text": "think. Treasury companies have basically"}, {"start": "00:16:15", "end": "00:16:18", "text": "stopped buying. Uh some have actually"}, {"start": "00:16:18", "end": "00:16:20", "text": "even sold part of their holdings. This"}, {"start": "00:16:20", "end": "00:16:22", "text": "is something that uh will be usually an"}, {"start": "00:16:22", "end": "00:16:25", "text": "indicator that we have pretty much hit"}, {"start": "00:16:25", "end": "00:16:27", "text": "the end of the cycle. What would be a"}, {"start": "00:16:27", "end": "00:16:28", "text": "catalyst strong enough to accelerate"}, {"start": "00:16:28", "end": "00:16:30", "text": "Bitcoin and the demand? Major"}, {"start": "00:16:30", "end": "00:16:32", "text": "developments seem off the cards. You can"}, {"start": "00:16:32", "end": "00:16:34", "text": "see this with the strategic reserve."}, {"start": "00:16:34", "end": "00:16:36", "text": "Clarity act has been moved back. And"}, {"start": "00:16:36", "end": "00:16:39", "text": "remember, we did a whole video on this"}, {"start": "00:16:39", "end": "00:16:41", "text": "that was I think there was like 10 to 12"}, {"start": "00:16:41", "end": "00:16:44", "text": "catalysts that had to occur for it to"}, {"start": "00:16:44", "end": "00:16:47", "text": "move the market upwards. Here was the"}, {"start": "00:16:47", "end": "00:16:49", "text": "video. This was our time codes on it."}, {"start": "00:16:49", "end": "00:16:51", "text": "And I'll kind of hit on some of these."}, {"start": "00:16:51", "end": "00:16:53", "text": "Catalyst for the bull run. Shut down"}, {"start": "00:16:53", "end": "00:16:55", "text": "uncertainty. It had to be able to end at"}, {"start": "00:16:55", "end": "00:16:57", "text": "a certain time. It didn't uh we also had"}, {"start": "00:16:57", "end": "00:17:01", "text": "to get at least a win by the the Dems"}, {"start": "00:17:01", "end": "00:17:04", "text": "and of course that was a question mark."}, {"start": "00:17:04", "end": "00:17:05", "text": "Then of course you dealt with the"}, {"start": "00:17:05", "end": "00:17:07", "text": "healthc care crisis which still has not"}, {"start": "00:17:07", "end": "00:17:09", "text": "been resolved. Then we get into the"}, {"start": "00:17:09", "end": "00:17:11", "text": "situation around the clarity act. You"}, {"start": "00:17:11", "end": "00:17:13", "text": "also look at consumers under pressure."}, {"start": "00:17:13", "end": "00:17:15", "text": "No s no real relief in sight. And then"}, {"start": "00:17:15", "end": "00:17:17", "text": "of course you've got tariff deal"}, {"start": "00:17:17", "end": "00:17:19", "text": "catalysts. Would that happen? No real"}, {"start": "00:17:19", "end": "00:17:21", "text": "news on that. Then you're dealing with"}, {"start": "00:17:21", "end": "00:17:24", "text": "quantitative easing. We've seen at least"}, {"start": "00:17:24", "end": "00:17:26", "text": "quantitative tightening indicated as"}, {"start": "00:17:26", "end": "00:17:27", "text": "when it's going to start, but we haven't"}, {"start": "00:17:27", "end": "00:17:30", "text": "seen any word of how easing the Fed"}, {"start": "00:17:30", "end": "00:17:31", "text": "balance is going to change. And then of"}, {"start": "00:17:31", "end": "00:17:33", "text": "course, you're dealing with things like"}, {"start": "00:17:33", "end": "00:17:34", "text": "Clarity Act, which has clearly been"}, {"start": "00:17:34", "end": "00:17:37", "text": "moved now into 2026."}, {"start": "00:17:37", "end": "00:17:38", "text": "The one I'm watching right now is we"}, {"start": "00:17:38", "end": "00:17:41", "text": "cannot have a delay on the ETH upgrade."}, {"start": "00:17:41", "end": "00:17:43", "text": "If we have a delay on the ETH upgrade"}, {"start": "00:17:43", "end": "00:17:45", "text": "moving into December, that could be bad"}, {"start": "00:17:45", "end": "00:17:48", "text": "for Ethereum in general."}, {"start": "00:17:48", "end": "00:17:51", "text": "So far, AI and Nvidia has been the only"}, {"start": "00:17:51", "end": "00:17:53", "text": "thing that has been holding this market"}, {"start": "00:17:53", "end": "00:17:56", "text": "up. And even to that effect, we still"}, {"start": "00:17:56", "end": "00:18:00", "text": "had a 2 and a half% S&P 500 sell-off in"}, {"start": "00:18:00", "end": "00:18:03", "text": "a very short period of time. So, times"}, {"start": "00:18:03", "end": "00:18:04", "text": "are looking pretty interesting right"}, {"start": "00:18:04", "end": "00:18:07", "text": "now. This was a poll we did over on X"}, {"start": "00:18:07", "end": "00:18:09", "text": "and uh the question was if Bitcoin"}, {"start": "00:18:09", "end": "00:18:12", "text": "rallies back to 100K, I will do this and"}, {"start": "00:18:12", "end": "00:18:14", "text": "I'm holding a Bitcoin bag. I either I"}, {"start": "00:18:14", "end": "00:18:16", "text": "would dump my bag, dump half my bag, or"}, {"start": "00:18:16", "end": "00:18:18", "text": "wait for an all-time high. That's what"}, {"start": "00:18:18", "end": "00:18:20", "text": "basically the audience is saying is that"}, {"start": "00:18:20", "end": "00:18:22", "text": "they're waiting for an all-time high. If"}, {"start": "00:18:22", "end": "00:18:24", "text": "you compare this to the 2021"}, {"start": "00:18:24", "end": "00:18:27", "text": "falloff after the all-time high, that"}, {"start": "00:18:27", "end": "00:18:31", "text": "was a 52% downtrend to the bottom of"}, {"start": "00:18:31", "end": "00:18:32", "text": "that little bit of a loop. And this"}, {"start": "00:18:32", "end": "00:18:36", "text": "occurred right there in February of 22."}, {"start": "00:18:36", "end": "00:18:38", "text": "Okay? And if you say, \"All right, well,"}, {"start": "00:18:38", "end": "00:18:40", "text": "that is the relief rally potential"}, {"start": "00:18:40", "end": "00:18:42", "text": "coming out of that. If you were able to"}, {"start": "00:18:42", "end": "00:18:44", "text": "hold that long, if you did and you"}, {"start": "00:18:44", "end": "00:18:47", "text": "bought that bottom or held through it,"}, {"start": "00:18:47", "end": "00:18:48", "text": "that was your percentage right there,"}, {"start": "00:18:48", "end": "00:18:50", "text": "41%."}, {"start": "00:18:50", "end": "00:18:52", "text": "In the short relief rally before we"}, {"start": "00:18:52", "end": "00:18:53", "text": "started to go into the bare market."}, {"start": "00:18:53", "end": "00:18:55", "text": "Let's take a quick look at other tokens"}, {"start": "00:18:55", "end": "00:18:57", "text": "that could be in that same boat. And"}, {"start": "00:18:57", "end": "00:18:59", "text": "this, of course, is Salana during that"}, {"start": "00:18:59", "end": "00:19:02", "text": "range. 84% on the relief rally before it"}, {"start": "00:19:02", "end": "00:19:04", "text": "started to move down. Obviously, that"}, {"start": "00:19:04", "end": "00:19:06", "text": "was a more of an FTX scare. But even"}, {"start": "00:19:06", "end": "00:19:09", "text": "XRP, which is now trading below $2 for"}, {"start": "00:19:09", "end": "00:19:11", "text": "the first time in a long time, well"}, {"start": "00:19:11", "end": "00:19:14", "text": "since last year. And if you look back on"}, {"start": "00:19:14", "end": "00:19:16", "text": "that period of time, you saw the bump"}, {"start": "00:19:16", "end": "00:19:19", "text": "that we saw in April of 2021, that going"}, {"start": "00:19:19", "end": "00:19:21", "text": "down to the bottom in July of 2021,"}, {"start": "00:19:21", "end": "00:19:23", "text": "which was preceding the Bitcoin all-time"}, {"start": "00:19:23", "end": "00:19:27", "text": "high, and then a skyrocket in its relief"}, {"start": "00:19:27", "end": "00:19:31", "text": "rally to the high, which was 125%. So"}, {"start": "00:19:31", "end": "00:19:33", "text": "these are similar times and I think that"}, {"start": "00:19:33", "end": "00:19:37", "text": "would be a comparison if you do have a"}, {"start": "00:19:37", "end": "00:19:40", "text": "handful of tokens. The real question is,"}, {"start": "00:19:40", "end": "00:19:43", "text": "do you weather through this storm and"}, {"start": "00:19:43", "end": "00:19:45", "text": "hold them or do you take profits?"}, {"start": "00:19:45", "end": "00:19:47", "text": "Because I think a lot of people are in"}, {"start": "00:19:47", "end": "00:19:49", "text": "that position right now. Or maybe you're"}, {"start": "00:19:49", "end": "00:19:50", "text": "in a position where you've had a lot of"}, {"start": "00:19:50", "end": "00:19:53", "text": "gains on one token like a Bitcoin or an"}, {"start": "00:19:53", "end": "00:19:56", "text": "Ethereum or an XRP and you already have"}, {"start": "00:19:56", "end": "00:19:58", "text": "taken profits and now you're trying to"}, {"start": "00:19:58", "end": "00:19:59", "text": "figure out whether or not you position"}, {"start": "00:19:59", "end": "00:20:03", "text": "into a tax position of maybe dealing"}, {"start": "00:20:03", "end": "00:20:06", "text": "with tax losses. So, and tax harvesting"}, {"start": "00:20:06", "end": "00:20:07", "text": "strategies. So, there's a lot of of"}, {"start": "00:20:07", "end": "00:20:09", "text": "things that you could go with uh between"}, {"start": "00:20:09", "end": "00:20:11", "text": "now and the end of the year. Of course,"}, {"start": "00:20:11", "end": "00:20:13", "text": "all of this depends. I think the big"}, {"start": "00:20:13", "end": "00:20:16", "text": "catalyst will come on December the 10th,"}, {"start": "00:20:16", "end": "00:20:17", "text": "and that is whether or not we get a Fed"}, {"start": "00:20:17", "end": "00:20:19", "text": "rate cut. So, you guys make sure and"}, {"start": "00:20:19", "end": "00:20:21", "text": "watch for that. We will probably be"}, {"start": "00:20:21", "end": "00:20:22", "text": "doing that live for you. Make sure that"}, {"start": "00:20:22", "end": "00:20:24", "text": "you're in the diamond circle. Very easy"}, {"start": "00:20:24", "end": "00:20:26", "text": "to get additional content from us. Click"}, {"start": "00:20:26", "end": "00:20:28", "text": "the link down below. It's absolutely"}, {"start": "00:20:28", "end": "00:20:31", "text": "free. Hit me out there on XP Paul Baron."}, {"start": "00:20:31", "end": "00:20:32", "text": "We'll catch you next time right here on"}, {"start": "00:20:32", "end": "00:20:36", "text": "the Paul Barren Show."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Let's get into it today. This is going to be a good one because we're going to talk about is the rate cut potentially"}, {"start": "00:00:05", "end": "00:00:10", "text": "the saving grace for crypto. Let's just jump right in. I do want to thank our sponsor and that is Coinbase. This is"}, {"start": "00:00:10", "end": "00:00:16", "text": "where you guys can get on to your crypto journey. Jump over to coinbase.com. The future of money is here. If you're a"}, {"start": "00:00:16", "end": "00:00:24", "text": "business or an individual, all of this works on Coinbase and you get up to 2,000 when buying 50 bucks in crypto as"}, {"start": "00:00:24", "end": "00:00:29", "text": "part of their program. So, use our link down below. It's going to help you guys get started. You guys are going to love"}, {"start": "00:00:29", "end": "00:00:35", "text": "it. Uh, let's get into it. Today, I do want to bring in our um analyst today, which of course is Data Dash. You guys"}, {"start": "00:00:35", "end": "00:00:43", "text": "have met Paul Samson before, but if you've never been to his channel, jump over to YouTube and subscribe to Data"}, {"start": "00:00:43", "end": "00:00:49", "text": "Dash. Okay, just take some time, get over there, subscribe right now. He drops uh Are you doing videos daily,"}, {"start": "00:00:49", "end": "00:00:56", "text": "Paul? Five days a week. All right. Five days a week. There you go. lots of insights and uh some great"}, {"start": "00:00:56", "end": "00:01:02", "text": "trading analysis uh to get into it. Paul, welcome in. Let's get into a couple of points I want to jump into."}, {"start": "00:01:02", "end": "00:01:09", "text": "First, uh we've got the FOMC meeting uh results that are going to be coming in around 2 p.m. This, of course, is going"}, {"start": "00:01:09", "end": "00:01:16", "text": "to tell us what the officials are thinking here in about 45 minutes as we're recording this. But at the same time, we've got a"}, {"start": "00:01:16", "end": "00:01:21", "text": "problem, and that of course is a poly market that keeps being very erratic on whether or not we're going to get a rate"}, {"start": "00:01:21", "end": "00:01:27", "text": "cut. What's your opinion right now? a rate cut or no rate cut. I I think that if anything it's going to"}, {"start": "00:01:27", "end": "00:01:32", "text": "be 25 basis points. Um but yeah, it's it's it's I'm with Poly Market. I'm up"}, {"start": "00:01:32", "end": "00:01:38", "text": "in the air. Honestly, it's hard to it's hard to call right now with all the everything that happened, especially with all the uh government shutdown, all"}, {"start": "00:01:38", "end": "00:01:44", "text": "the information that was withheld and now coming out and everything along those natures. I don't know if that's going to skew anything. So, uh yeah, I"}, {"start": "00:01:44", "end": "00:01:49", "text": "mean it makes sense to where things are kind of, you know, just kind of 50/50 or I guess in this case a little little all"}, {"start": "00:01:49", "end": "00:01:57", "text": "over the place in this sense. Yeah, it's it has had a big reversal just since yesterday uh for the no change potential"}, {"start": "00:01:57", "end": "00:02:02", "text": "here. Even though almost every analyst I've talked to in this last week have"}, {"start": "00:02:02", "end": "00:02:08", "text": "all been pushing toward a quarter point even though they don't know that necessarily will help markets any but"}, {"start": "00:02:08", "end": "00:02:15", "text": "that's the kind of idea that uh that they're kind of pushing to is a quarter point now and back up in January. But of"}, {"start": "00:02:15", "end": "00:02:21", "text": "course uh Trump also announced that he was going to have a Fed chair named by end of year. Then you have some other"}, {"start": "00:02:21", "end": "00:02:26", "text": "things that he is posting out there in reference to Nvidia. And part of this is"}, {"start": "00:02:26", "end": "00:02:32", "text": "all talking about Nvidia's Blackwell chip. So there's at least some narrative where he is saying, \"Hey, I'm propping"}, {"start": "00:02:32", "end": "00:02:38", "text": "up the AI industry.\" The AI industry though is having a little bit of a"}, {"start": "00:02:38", "end": "00:02:45", "text": "struggle as well as we see the S&P starting to falter a little bit. I want to go into one more clip to kind of put"}, {"start": "00:02:45", "end": "00:02:52", "text": "together this macro puzzle for you and then get your opinion on this. Let's go over to Scott Bessant uh talking a"}, {"start": "00:02:52", "end": "00:02:59", "text": "little bit more around an insurance cut. Take a look. We have an answer, do you think, from the Fed about another cut? Do you think"}, {"start": "00:02:59", "end": "00:03:04", "text": "that's where they're going? Uh I hope it's where they're going because, you know, when when you're in"}, {"start": "00:03:04", "end": "00:03:10", "text": "uncertain times and after what this Schumer shutdown did to the economy, I"}, {"start": "00:03:10", "end": "00:03:16", "text": "would think that if you're not taking out an insurance cut here or if you're flying blind, you say they say, \"Well,"}, {"start": "00:03:16", "end": "00:03:23", "text": "we don't have data.\" Well, if if you don't have data, then that's what insurance is for. So, you know, I I"}, {"start": "00:03:23", "end": "00:03:29", "text": "would encourage them. They've gone into a cycle. So, let's go one, two, three, and we can see from there."}, {"start": "00:03:29", "end": "00:03:36", "text": "We'll continue to follow up, M. All right. So, a one, two, three insurance cut is the idea that Besson is"}, {"start": "00:03:36", "end": "00:03:42", "text": "pushing. And then, of course, you've got this statement right here, which is why the Fed's next interest rate move is"}, {"start": "00:03:42", "end": "00:03:48", "text": "becoming so hard to predict. First of all, you look at the lack of data. You"}, {"start": "00:03:48", "end": "00:03:54", "text": "look at the market pressure that we're seeing right now, even coming from the S&P and Bitcoin. Let's uh before we go"}, {"start": "00:03:54", "end": "00:04:00", "text": "to the next clip, I'm kind of curious. First of all, Bitcoin recovers off the"}, {"start": "00:04:00", "end": "00:04:05", "text": "90K mark and then it just turns right back around. Anything that you're seeing"}, {"start": "00:04:05", "end": "00:04:13", "text": "that's indicative of why that chart is moving that way? Yeah. So, I was covering this I I like"}, {"start": "00:04:13", "end": "00:04:18", "text": "to say a couple times here and there with you over the last few months uh even all the way back to like the"}, {"start": "00:04:18", "end": "00:04:25", "text": "earlier part of this year where we were in this uh what's known as an AB equals CD uh setup where the timing of this to"}, {"start": "00:04:25", "end": "00:04:30", "text": "complete which is up in this region and this is a bearish setup to begin with uh was the end of September 1st of October."}, {"start": "00:04:30", "end": "00:04:36", "text": "I think we were actually doing a show on the 6th of se October when uh that original like Reddit post was going"}, {"start": "00:04:36", "end": "00:04:43", "text": "around and everybody's looking at that as a high. Uh, personally, I thought we'd get a little bit more of a push towards like 130, but to be fair, timing"}, {"start": "00:04:43", "end": "00:04:48", "text": "was there and this setup and everything along those lines. Anyhow, this this setup is very valid at that point. Uh,"}, {"start": "00:04:48", "end": "00:04:55", "text": "the major target areas of something like this is back to these two regions, which we pretty much had that wick down right"}, {"start": "00:04:55", "end": "00:05:00", "text": "away, which was that October 10th liquidation wick. We were holding on here for quite a bit. Little bounce back"}, {"start": "00:05:00", "end": "00:05:06", "text": "higher. Then we lost this region, back tested it right there, off to our next area here, and then as you just said,"}, {"start": "00:05:06", "end": "00:05:11", "text": "now we've lost that as well. the more aggressive area of this uh setup is actually all the way back to our tariff"}, {"start": "00:05:11", "end": "00:05:17", "text": "lows. Um but currently right now that area is now acting as just the major resistance at hand. So we had that as"}, {"start": "00:05:17", "end": "00:05:24", "text": "you stated the the little push back up towards about 90 I'd like to say was right at that level that 93 370 give or"}, {"start": "00:05:24", "end": "00:05:31", "text": "take just a couple days ago. That's also our yearly open. So that's a really big area uh for the year to be aware of. Of"}, {"start": "00:05:31", "end": "00:05:37", "text": "course, at that point now, we have also basically given up all gains of 2025. Uh"}, {"start": "00:05:37", "end": "00:05:42", "text": "granted, it was, you know, $25,000 move, 20%, but still, you know, to give all that back up is not a great feeling"}, {"start": "00:05:42", "end": "00:05:49", "text": "towards the end of the year here. But yeah, we lost that key region, a back test of it now. So that's really big resistance at this point. And uh so that"}, {"start": "00:05:49", "end": "00:05:55", "text": "just to get the rejection off of that is just seems the course at the moment. We can break that down a little bit more as"}, {"start": "00:05:55", "end": "00:06:00", "text": "we go, but that's the overall like big macro setup that I've kind of had for quite some time. Again, I was hoping it"}, {"start": "00:06:00", "end": "00:06:06", "text": "would get a little bit more of a push. I kind of felt it was a little odd when everybody was truly, you know, getting on the same bandwagon. I felt like where"}, {"start": "00:06:06", "end": "00:06:12", "text": "everybody's like picturing the the four-ear cycle and the market is over. Um, but regardless, the the information"}, {"start": "00:06:12", "end": "00:06:18", "text": "was there and the areas that we are at now. So, yeah, 933 is a big one to get back above if we're going to do anything"}, {"start": "00:06:18", "end": "00:06:23", "text": "here. Otherwise, more downside is, you know, on the docket. So, more downside."}, {"start": "00:06:23", "end": "00:06:28", "text": "uh we already have this kind of hawkish feeling coming out of Wall Street and"}, {"start": "00:06:28", "end": "00:06:34", "text": "also coming out of the administration. It seems as though the president's uh team is really struggling trying to get"}, {"start": "00:06:34", "end": "00:06:40", "text": "at least uh chair pal to reconsider and do these kinds of insurance cuts in"}, {"start": "00:06:40", "end": "00:06:46", "text": "general. If they don't do it and I'm going to play a clip for you, but if they don't do it, Paul, what would be"}, {"start": "00:06:46", "end": "00:06:52", "text": "the worst case scenario for Bitcoin do you feel by end of year? worst by end of the"}, {"start": "00:06:52", "end": "00:06:58", "text": "year. Uh the worst case is probably back down to those tariff flows, you know, getting back to that 74k into the 69,000"}, {"start": "00:06:58", "end": "00:07:05", "text": "2021 high. Um so I feel like that and that's about, you know, a 20% drop from here. So we've we've dropped about 30%"}, {"start": "00:07:05", "end": "00:07:10", "text": "almost now over the course of the last 6 weeks. We got 6 weeks left. That just kind of ties into the same amount of,"}, {"start": "00:07:10", "end": "00:07:16", "text": "you know, downside if we're going to get it. Uh but yeah, I would say that 69 to 74 would be like the worst case. Now, I"}, {"start": "00:07:16", "end": "00:07:21", "text": "do have a little bit of a saving grace here around this 87,000. We can touch on that here as far as a little bullish"}, {"start": "00:07:21", "end": "00:07:27", "text": "outlook, but uh yeah, worst case, I would say 69 and 74. So, okay. So, that I I have so many"}, {"start": "00:07:27", "end": "00:07:34", "text": "questions about this because it it it starts to change up the dynamic around cycles and I want to go into that, but I"}, {"start": "00:07:34", "end": "00:07:41", "text": "want to play this clip for you because this is Panta talking about the hawkish stance and why this pullback uh could"}, {"start": "00:07:41", "end": "00:07:46", "text": "position the market a little bit differently. Take a look. Is this crypto winter coming early here?"}, {"start": "00:07:46", "end": "00:07:52", "text": "Crypto tends to have these characteristics of risk on assets. So, it's also pulling back on on macro"}, {"start": "00:07:52", "end": "00:07:57", "text": "action and you guys have just talked about the large macro concerns like the AI capex sphere causing the equity"}, {"start": "00:07:57", "end": "00:08:04", "text": "pullback, the fears around credit, the fears around the Fed's plan for rate cuts. So, what we already saw is that a"}, {"start": "00:08:04", "end": "00:08:09", "text": "lot of the leverage has been taken out of the Bitcoin ecosystem recently. 16% of Bitcoin is held by institutions,"}, {"start": "00:08:09", "end": "00:08:16", "text": "which is up from basically 0% last cycle. We think Bitcoin is going to be increasingly less sensitive uh to and"}, {"start": "00:08:16", "end": "00:08:24", "text": "and less likely to have volatility and over time that uh that that you know a 30% draw down is actually it will become"}, {"start": "00:08:24", "end": "00:08:30", "text": "larger and larger will feel larger and larger over time and we'll see smaller and smaller draw downs. Yeah. All right. So you look at that and then"}, {"start": "00:08:30", "end": "00:08:36", "text": "you look at this right here. worst Q4 for Bitcoin in seven years. As you can"}, {"start": "00:08:36", "end": "00:08:45", "text": "kind of see the numbers right there, all the way back to our best year in 2020, up 169%. So, the cycle is is really at"}, {"start": "00:08:45", "end": "00:08:52", "text": "question here. Does this just in a is this in a position where just are we looking at a speedrun in 2026 or did we"}, {"start": "00:08:52", "end": "00:08:57", "text": "just speedrun a bull run and now we've got a bare market brewing up for 2026? I"}, {"start": "00:08:57", "end": "00:09:02", "text": "know your position is a little different on this, so give me your analysis."}, {"start": "00:09:02", "end": "00:09:08", "text": "Yeah. So, a big piece of my, you know, overall analysis goes back to that housing market, the 20-year cycle and,"}, {"start": "00:09:08", "end": "00:09:16", "text": "uh, that we've covered once here before. Um, not to bore everybody with it, uh, all back right now, but the idea behind that is that 20 2008 was our last, you"}, {"start": "00:09:16", "end": "00:09:21", "text": "know, major high and then since then we are have entered a new 20-year cycle in the housing market, business cycle, etc."}, {"start": "00:09:21", "end": "00:09:27", "text": "Crypto was born in that same time frame. So, I've been kind of gauging uh crypto as actually printing the first 20-year"}, {"start": "00:09:27", "end": "00:09:34", "text": "cycle. And yes, it's been compromised of several little four-year ones so far. And the idea behind that is that 2026 to"}, {"start": "00:09:34", "end": "00:09:40", "text": "2029 would be the area where we actually get the next sizable correction in the markets. Now, key point of that is 2026"}, {"start": "00:09:40", "end": "00:09:47", "text": "is in the mix there. So, as like a cautionary year, uh for me, I still could see where 2026 could be a actually"}, {"start": "00:09:47", "end": "00:09:52", "text": "a pretty big year to go forward here. Uh the key is here is just kind of being reactionary at some of these levels."}, {"start": "00:09:52", "end": "00:09:58", "text": "$69,000 for me for Bitcoin is kind of that big line in the sand. If we get under that level, I think that that's"}, {"start": "00:09:58", "end": "00:10:04", "text": "and again that's 20% from where we are now. So that's, you know, 40% off the high, whatever the case may be. So it's"}, {"start": "00:10:04", "end": "00:10:10", "text": "a big area to just kind of blindly wait for to just decide if that's going to be, you know, where you want to derisk or anything. So obviously you need to"}, {"start": "00:10:10", "end": "00:10:16", "text": "kind of make take take the best risk management for yourself. Um, but so far, honestly, I think we're just seeing a"}, {"start": "00:10:16", "end": "00:10:22", "text": "regular pullback here. Again, to go back to the chart, um, you know, you're looking at this is one little piece, and"}, {"start": "00:10:22", "end": "00:10:29", "text": "there's actually a bigger version of this that I can take all the way back to 2018. It aligns well with that, uh,"}, {"start": "00:10:29", "end": "00:10:36", "text": "$87,000 region. But for now, we're just coming down in normal senses. This was also a big region where I noted for many"}, {"start": "00:10:36", "end": "00:10:43", "text": "basically the whole year ever since we got out of this region is that if we're going to see the next sizable correction out of Bitcoin, which means similar to"}, {"start": "00:10:43", "end": "00:10:49", "text": "what we saw right here, sorry, uh similar to what we saw right here at the inauguration day, similar to what we saw"}, {"start": "00:10:49", "end": "00:10:54", "text": "in 2024, these 30% plus little pullbacks that it was going to happen at 130,000."}, {"start": "00:10:54", "end": "00:11:00", "text": "Now, we topped at 126. So, so far nothing is out of the ordinary. I know it's got people's nerves really rocking"}, {"start": "00:11:00", "end": "00:11:06", "text": "here. Um, but to come down and if we can see a little support down here, I'll turn this off and I'll kind of show you"}, {"start": "00:11:06", "end": "00:11:11", "text": "the little bullish outlook here that we have now. So, I was just looking at a"}, {"start": "00:11:11", "end": "00:11:17", "text": "bearish harmonic setup, which is a sequence of Fibonacci. And now, sorry, I'll move that. Now, this is a bullish"}, {"start": "00:11:17", "end": "00:11:24", "text": "setup that is not necessarily something that's uh not that I'm anticipating it to complete for it to be valid. This is"}, {"start": "00:11:24", "end": "00:11:30", "text": "actually a valid setup already. So, we have what's known as the HOP down here, which is an optimized area. So"}, {"start": "00:11:30", "end": "00:11:35", "text": "realistically, this is really extended right now, but if we can find support, so if Bitcoin finds its footing down"}, {"start": "00:11:35", "end": "00:11:41", "text": "here around 86K, again, this is more like a region. I'm not going to give it an exact dollar, but if we can really"}, {"start": "00:11:41", "end": "00:11:47", "text": "find some footing down in this region here, uh this really sets us up to run it back again, maybe either in next"}, {"start": "00:11:47", "end": "00:11:53", "text": "coming weeks here. Uh this is probably going to take some time. This is a six-month uh setup that took place, so it's not going to be overnight where we"}, {"start": "00:11:53", "end": "00:11:59", "text": "just kind of run it back. Um but this could set us up for another run back to like 109. Uh realistically, there's"}, {"start": "00:11:59", "end": "00:12:05", "text": "three targets of this, but the main one being around this back above 100K. So that's kind of the bullish outlook here"}, {"start": "00:12:05", "end": "00:12:11", "text": "as we walk into it. Not really breaking it down in the sense of just blindly going with four years have been up."}, {"start": "00:12:11", "end": "00:12:17", "text": "It's, you know, completely down from here. We definitely have areas to be aware of here. We're coming down into major supports off of that, you know,"}, {"start": "00:12:17", "end": "00:12:25", "text": "major setup that we were looking at. So you just kind of have to be a little subjective here, a little open-minded. But if that again if it's a place where"}, {"start": "00:12:25", "end": "00:12:30", "text": "if the market does come down more because obviously no nobody knows what it's going to do. You just got to be able to you know manage for yourself. If"}, {"start": "00:12:30", "end": "00:12:36", "text": "you need to d-risk a little now and see if it's going to get a push back up, you still have skin in the game if it does and if not you got dry powder on the"}, {"start": "00:12:36", "end": "00:12:42", "text": "side for to go lower. Like that's just the best case to do at this point. Coinbase institutions have been selling"}, {"start": "00:12:42", "end": "00:12:48", "text": "for 19 straight days now. No bounce until this recovers. Are you in agreement with that?"}, {"start": "00:12:48", "end": "00:12:54", "text": "the amount of institutional selling. I think I think that that's a really good signal there. Yeah, that's a you"}, {"start": "00:12:54", "end": "00:12:59", "text": "know, the the only thing with that of course is that these things get reported uh a little laggy. So, of course, a"}, {"start": "00:12:59", "end": "00:13:05", "text": "bounce could already be underway by the time we get that information. But, yeah, I would say that that's probably a clear clear sign there that we're looking for"}, {"start": "00:13:05", "end": "00:13:11", "text": "a bounce in that as well as a bounce in the price action. Also, if you look at this chart right here, we"}, {"start": "00:13:11", "end": "00:13:20", "text": "put out a tweet this morning, but I want to go to this chart. And you're going to notice here that we are in these have in"}, {"start": "00:13:20", "end": "00:13:26", "text": "most cases when we've seen these these really uh inflow evacuations occur."}, {"start": "00:13:26", "end": "00:13:32", "text": "We've had reversals fairly good except for what we're seeing right now in this consistency"}, {"start": "00:13:32", "end": "00:13:38", "text": "uh especially on IBIT. Do you think we're in in that kind of position right now where we're seeing"}, {"start": "00:13:38", "end": "00:13:43", "text": "the outflows of Bitcoin? I mean, even what was it bonds even paying more than"}, {"start": "00:13:43", "end": "00:13:49", "text": "what an ETF on Bitcoin was paying? So, um, are we at that fatigue point right"}, {"start": "00:13:49", "end": "00:13:55", "text": "now with with where Bitcoin is in general? Yeah, I think that again we're coming"}, {"start": "00:13:55", "end": "00:14:02", "text": "into some really big points of support for one on the chart fundamentally. Uh, there's really nothing too crazy going"}, {"start": "00:14:02", "end": "00:14:08", "text": "on right now. outside of just uh the four-year cycle, I guess, would be the only idea here. But uh yeah, I mean,"}, {"start": "00:14:08", "end": "00:14:14", "text": "we're we're down a substantial amount, which is so far the entire bull run uh has been around the average that we come"}, {"start": "00:14:14", "end": "00:14:21", "text": "down. Even if we go down to the true average was about 33ish, that's about that 82 $83,000 mark. So within this"}, {"start": "00:14:21", "end": "00:14:27", "text": "region and then of course you have like we're completely retracing potentially down to these uh tariff flows. Uh yeah,"}, {"start": "00:14:27", "end": "00:14:33", "text": "I think that the there there's no you know question about that. This is definitely an area compared to where we"}, {"start": "00:14:33", "end": "00:14:39", "text": "were that we could see the some fatigue come in potentially the bounce kind of come into this region as well. So, uh"}, {"start": "00:14:39", "end": "00:14:44", "text": "yeah, I would I would totally agree with that with that statement. Well, and I think this would it's very"}, {"start": "00:14:44", "end": "00:14:51", "text": "possible I think that these ancient wallets will probably stop selling uh the especially if we get around 82"}, {"start": "00:14:51", "end": "00:14:59", "text": "because at that point it's probably like hey I'm going to wait this out. I've waited this long. I'm looking for a next leg up and and maybe maybe I missed it."}, {"start": "00:14:59", "end": "00:15:05", "text": "I won't say, dare I say they roundtrip, but they're in the position where they might be looking at because they're setting on a thousand dollar Bitcoin"}, {"start": "00:15:05", "end": "00:15:12", "text": "price. Um, right. That uh Yeah, that'd be that'd be quite the round trip for all of us."}, {"start": "00:15:12", "end": "00:15:19", "text": "Yeah. Um, let's go over to ETH real quick because ETH has now officially flipped Bitcoin in terms of share of"}, {"start": "00:15:19", "end": "00:15:25", "text": "total supply uh held by digital asset treasury. So, DATs are now pushing and"}, {"start": "00:15:25", "end": "00:15:31", "text": "we have more ETH in these DATs now than Bitcoin. uh holding and that's crazy"}, {"start": "00:15:31", "end": "00:15:37", "text": "when you think about that. Uh but you've got a lot there obviously with L2s, Dows, Foundations, everybody"}, {"start": "00:15:37", "end": "00:15:42", "text": "that's uh involved in this. When you look at Ethereum now sub 3000"}, {"start": "00:15:42", "end": "00:15:48", "text": "as of today, where do you think ETH could drop to? Because we're looking for a zone where I"}, {"start": "00:15:48", "end": "00:15:53", "text": "would buy ETH again. What would that be for you?"}, {"start": "00:15:53", "end": "00:16:00", "text": "Yeah. So, I wanted to bring up uh I think that last time or the last big rally here was"}, {"start": "00:16:00", "end": "00:16:05", "text": "uh right off the back of the Pectra upgrade and I think we have another one coming up here soon."}, {"start": "00:16:05", "end": "00:16:12", "text": "And thing about that is is that where we were around this region, there was a pretty decent little setup here in play"}, {"start": "00:16:12", "end": "00:16:18", "text": "and then of course we got the upgrade basically right here at this little spike up. And currently there's really"}, {"start": "00:16:18", "end": "00:16:23", "text": "nothing major in play as far as like a huge bullish setup aside from just coming into some major support. So now"}, {"start": "00:16:23", "end": "00:16:29", "text": "to your point, what is the what are the next best areas to look for? One of one area is always going to be that gold"}, {"start": "00:16:29", "end": "00:16:35", "text": "pocket which is a sim simple just Fibonacci retracement from low to the high that's coming in right around this"}, {"start": "00:16:35", "end": "00:16:40", "text": "$2600. Um also, you know, we're pretty much touching around that region now, this"}, {"start": "00:16:40", "end": "00:16:46", "text": "28.90. So we're coming back to this previous high. I would almost box that region off as you know a area of"}, {"start": "00:16:46", "end": "00:16:52", "text": "interest as we're coming also with Bitcoin down towards those you know key 80s. Uh so where we are right now is"}, {"start": "00:16:52", "end": "00:16:57", "text": "probably not the worst place. On top of that just looking at if you're ever just not looking at a chart and just in the"}, {"start": "00:16:57", "end": "00:17:03", "text": "business of buying a you know mama always said when something drops 30 to 40% uh you know put a little risk on the"}, {"start": "00:17:03", "end": "00:17:09", "text": "table there. So ETH is now down 40% here. Um the other area around this"}, {"start": "00:17:09", "end": "00:17:15", "text": "region that I'd look to is I' I take a look at the overall year uh as far as where we look for on volume would go. So"}, {"start": "00:17:15", "end": "00:17:22", "text": "coming back to beginning of this year sorry dragging that over there we've got our point of control which is our"}, {"start": "00:17:22", "end": "00:17:28", "text": "highest traded area as well that price is likely to revisit if we're back in the range which we are very much so back"}, {"start": "00:17:28", "end": "00:17:34", "text": "in that region here. You can see pretty clearly we re-entered it back test and now we're down in this area. Couple"}, {"start": "00:17:34", "end": "00:17:39", "text": "weeks back when we were on here, I'd highlighted how important the $33 to $3,500 level was. And that was when we"}, {"start": "00:17:39", "end": "00:17:46", "text": "were basically just, you know, sandbagging right here and losing that has been really just the the the line in"}, {"start": "00:17:46", "end": "00:17:52", "text": "the sand to initiate this downward move here. We had a little support hopefully coming in around that 33, which was our"}, {"start": "00:17:52", "end": "00:17:58", "text": "yearly open. So, similar to Bitcoin, which just blew through it as well. So, again, all gains erased for 2025 sadly."}, {"start": "00:17:58", "end": "00:18:07", "text": "But we're looking for the next best area currently. Uh where we are right now is a big one down to about $2,500 on ETH."}, {"start": "00:18:07", "end": "00:18:12", "text": "2500 target zone for ETH. Uh we're going to keep an eye on that one. Uh I also"}, {"start": "00:18:12", "end": "00:18:20", "text": "want to talk about Polygon. Uh we had Sandeep on here just the other day. He said they had big announcements. Uh one"}, {"start": "00:18:20", "end": "00:18:26", "text": "of the announcements that they did during their Dev Connect was Mastercard doing crypto uh credential, which is a"}, {"start": "00:18:26", "end": "00:18:31", "text": "new way to do self-custody wallets. They also announced this deal with Revolute which is another big deal because"}, {"start": "00:18:31", "end": "00:18:39", "text": "Revolute's one of the largest fintexs in Europe around uh stablecoin payments which ride on Polygon. So um that's a"}, {"start": "00:18:39", "end": "00:18:46", "text": "big advantage and they're going to have some staking in there as well. Even with all that news, Polygon did not move a"}, {"start": "00:18:46", "end": "00:18:52", "text": "minute. I mean it's still I'm here on the daily chart right now. This thing is still in a position to where it is so"}, {"start": "00:18:52", "end": "00:18:58", "text": "depressed. Is there any hope for Polygon coming off the floor here? Yeah, I was just taking a look at that"}, {"start": "00:18:58", "end": "00:19:05", "text": "as well. And um that in this case, this is one where you really have to be uh a little defensive"}, {"start": "00:19:05", "end": "00:19:11", "text": "on currently because again, we're in a place where, you know, we really got to pay attention for Bitcoin. Um if all"}, {"start": "00:19:11", "end": "00:19:17", "text": "coins are going to see any type of movement, obviously, we need to see some strength come out of there. And Polygon, like you said, is just at least on the"}, {"start": "00:19:17", "end": "00:19:23", "text": "area I'm looking at, this is on the Coinbase chart. I don't know if this is the all-time low or not, but it's basically making all-time lows. Uh we"}, {"start": "00:19:23", "end": "00:19:29", "text": "wick down to that area, I think on the 10th. Yep. on the liquidation day and then it just slowly melted back down. So"}, {"start": "00:19:29", "end": "00:19:35", "text": "right now like good news or any news is really not making a difference. I would say really I'd like to see this"}, {"start": "00:19:35", "end": "00:19:41", "text": "and it's only at you know 13 cents now. Obviously we're making new lows in this case. We want to see some strength"}, {"start": "00:19:41", "end": "00:19:46", "text": "probably come back into this. So I'd say you'd really want to see us before you get too overly involved with this at the"}, {"start": "00:19:46", "end": "00:19:53", "text": "moment uh get back above that 15 cent mark which is a little bit of a difference about an 8 to 10% you know"}, {"start": "00:19:53", "end": "00:19:59", "text": "area from where we are. Only reason I say that is because now that we're below that, you've just lost, you know, it's just price discovery to the floor right"}, {"start": "00:19:59", "end": "00:20:04", "text": "now. So, we could go lower here, of course. So, to get any type of, you know, reversal and see any kind of"}, {"start": "00:20:04", "end": "00:20:10", "text": "strength come in here, we'd want to get back above that 15 cents. And then a lot of times, uh, what I see with things"}, {"start": "00:20:10", "end": "00:20:15", "text": "like this when we're just pretty much ranging so heavily, even though we could deviate below the lows here, if you do"}, {"start": "00:20:15", "end": "00:20:22", "text": "start getting back above that area here, it really opens up a big move back to the high side of the range, which is about 29 cents. But ultimately we can"}, {"start": "00:20:22", "end": "00:20:27", "text": "get big moves up to these 382s. This is the macro 382 here. Uh which if you look"}, {"start": "00:20:27", "end": "00:20:33", "text": "at XRP, Salana, Quant, uh what was it? Another one, the Theta CH, like even"}, {"start": "00:20:33", "end": "00:20:39", "text": "things that just burst up and then just die off right away. CRO just recently did it. You see a lot of coins uh bound"}, {"start": "00:20:39", "end": "00:20:44", "text": "and not even just coins, stocks, anything, right? They usually b bounce back up to these 382s and then they even"}, {"start": "00:20:44", "end": "00:20:51", "text": "if they're going to roll over again, uh it's a really big area to be aware of. So, I'd say 15 cents get back above. You"}, {"start": "00:20:51", "end": "00:20:56", "text": "have room back up to 30 cents and then potential to run it to 38 over time. But"}, {"start": "00:20:56", "end": "00:21:02", "text": "15 cents is the key here. You just got to see us get back above. Yeah. And I think the the problem there"}, {"start": "00:21:02", "end": "00:21:07", "text": "of course is if we have all this bullish news timing wise, this was just not a"}, {"start": "00:21:07", "end": "00:21:13", "text": "good one, I think, for Polygon in general. And you know, Salana, they've got Breakpoint coming up in December. I mean, we could have one of the most"}, {"start": "00:21:13", "end": "00:21:18", "text": "depressing December in a while, which again would not be which would not"}, {"start": "00:21:18", "end": "00:21:25", "text": "be good uh timing for Salana. You mentioned XRP. XRP up 250% on the"}, {"start": "00:21:25", "end": "00:21:32", "text": "year if you look at where where they were this time last year in November to where they are now. And now it's"}, {"start": "00:21:32", "end": "00:21:38", "text": "defending that $2 uh point, which is a very very big defense area. Do you think"}, {"start": "00:21:38", "end": "00:21:45", "text": "XRP can hold this $2 zone? Let's take a peek."}, {"start": "00:21:45", "end": "00:21:51", "text": "So, yeah, you know, XRP, oddly enough, probably if if not oddly enough, I think"}, {"start": "00:21:51", "end": "00:21:56", "text": "besides Bitcoin, probably one of the number one movers of the cycle if you're going to look at it that way, right? So,"}, {"start": "00:21:56", "end": "00:22:03", "text": "since last year, up seven almost 700%. The thing is here, we we stayed down here so long um or we were ranging in"}, {"start": "00:22:03", "end": "00:22:08", "text": "this region down so long that a burst up like this usually almost like this when"}, {"start": "00:22:08", "end": "00:22:13", "text": "you get this big burst up and it just gets sold right back into. Uh a lot of times you you would get something along"}, {"start": "00:22:13", "end": "00:22:19", "text": "those lines and something that's not, you know, holding as as strong as you'd like to see. So for me, XRP has been"}, {"start": "00:22:19", "end": "00:22:25", "text": "holding pretty good. It's not to say that it's going to continue, but it's pretty much just had this huge range uh"}, {"start": "00:22:25", "end": "00:22:30", "text": "that sat in here. Again, this is based on volume here. Uh the only thing that you know you don't really want to see is"}, {"start": "00:22:30", "end": "00:22:35", "text": "how much volume is coming in at the bottom here because a lot of times that does indicate that we're going to see"}, {"start": "00:22:35", "end": "00:22:42", "text": "continuation back down to the downside. So um it it's really just going to come down to some reactionary basis here as"}, {"start": "00:22:42", "end": "00:22:47", "text": "well as Bitcoin paying attention to see if we do get any type of strength coming in there. But ultimately aside from"}, {"start": "00:22:47", "end": "00:22:53", "text": "that, just without looking at anything, aside from just the information at hand, we're just currently trading back down at the low end of this range which is"}, {"start": "00:22:53", "end": "00:23:00", "text": "right on the money as you just said about $2. Um, so yeah, I mean I feel like as long as $2 is holding and really"}, {"start": "00:23:00", "end": "00:23:06", "text": "the this level I have marked out that I've had for a while, this 179 179 $2, that's my big key region. If we start to"}, {"start": "00:23:06", "end": "00:23:12", "text": "live below that, I would say that that's where XRP really starts looking weaker from where we are currently. Otherwise,"}, {"start": "00:23:12", "end": "00:23:18", "text": "low end of the range, areas you want to look to put on some risk. Again, we're looking at the whole market here at this"}, {"start": "00:23:18", "end": "00:23:23", "text": "point. So, it's just something you got to kind of be able to manage along the way. uh if we were to get a push up out"}, {"start": "00:23:23", "end": "00:23:28", "text": "of here, still looking at this trendbased gold pocket. And then potential. I know, you know, people"}, {"start": "00:23:28", "end": "00:23:35", "text": "don't like to hear it when we're on down days, but uh when we're here at support, it's when you got to look for the the potential where we can get to and be"}, {"start": "00:23:35", "end": "00:23:40", "text": "able to again address risk accordingly. And if we were to launch up out of this region, start finding our legs here. I"}, {"start": "00:23:40", "end": "00:23:45", "text": "think 440 is still something that we could see on an XRP. There you go, guys. Uh so keep an eye on"}, {"start": "00:23:45", "end": "00:23:51", "text": "that one. Uniswap is another one that we're watching. Uh also after huge news"}, {"start": "00:23:51", "end": "00:23:56", "text": "uh just submitted the unification proposal. Uh looks like it's going to pass. We think this is coming through."}, {"start": "00:23:56", "end": "00:24:02", "text": "This is going to change everything for unis swap. When you look at unis swap right now, Paul, do you think this is a"}, {"start": "00:24:02", "end": "00:24:12", "text": "good trade? Let's take a peek. Um, so unis swap is"}, {"start": "00:24:12", "end": "00:24:18", "text": "again something we what I just pointed out uh with whatever one we were just looking at a second ago that 382 this is"}, {"start": "00:24:18", "end": "00:24:26", "text": "a perfect example where you get that huge burst up and even if it gives it all right back uh that is something we saw on unis swap back in uh December of"}, {"start": "00:24:26", "end": "00:24:31", "text": "last year but anyhow currently we've been ranging around this region on the news the other day when I believe that"}, {"start": "00:24:31", "end": "00:24:36", "text": "that first hit because I saw you post about it specifically uh we ran it up again so similar to what we're just"}, {"start": "00:24:36", "end": "00:24:43", "text": "looking at on XRP when you're down at the low end of the range you got to consider, you know, putting on some risk. Ran it right to the high. Got the"}, {"start": "00:24:43", "end": "00:24:48", "text": "rejection here and now we're just kind of coasting around the middle here. So, technically speaking, you know, it's"}, {"start": "00:24:48", "end": "00:24:54", "text": "right in the middle of a range. So, it's a hard um what I mean by that is, you know, we have a 50/50 chance of running"}, {"start": "00:24:54", "end": "00:25:01", "text": "it back up or running it back down. So, it's not the best place to be as far as looking at it in that sense. Uh where we"}, {"start": "00:25:01", "end": "00:25:07", "text": "could go from here, even if we did just DCA, if it did start coming down, you start dollar cost averaging here. Let's"}, {"start": "00:25:07", "end": "00:25:13", "text": "just see where a local gold pocket is. It's actually right where we are right now. So that would be one thing to kind"}, {"start": "00:25:13", "end": "00:25:19", "text": "of keep in mind. So if you're going to, you know, have any type of position there, but we've also been ranging really tightly down here as well. So if"}, {"start": "00:25:19", "end": "00:25:24", "text": "we did see a sizable move out of the market, let's just assume that, you know, Bitcoin recovers a bit here and"}, {"start": "00:25:24", "end": "00:25:30", "text": "ETH and everything, we get that push up here. Uh there is a slew of levels above"}, {"start": "00:25:30", "end": "00:25:36", "text": "us that I think Uniswap could get to. Uh, and again, I reference like CRO had"}, {"start": "00:25:36", "end": "00:25:42", "text": "just recently did this and we had this huge range and then you get a breakout and you get to these levels in a hurry. So, it's not a guarantee by any means,"}, {"start": "00:25:42", "end": "00:25:48", "text": "but when I look for things to diversify, put on a little bit of risk, this probably would be actually one that I would consider, especially with some of"}, {"start": "00:25:48", "end": "00:25:54", "text": "the fundamentals that are going on uh as well, right? So, yeah, for sure. I mean they once they flip this switch we are going to see"}, {"start": "00:25:54", "end": "00:26:00", "text": "some I think you know in the long term which I think a lot of people look at for unis swap their control one within"}, {"start": "00:26:00", "end": "00:26:08", "text": "the ETH ecosystem as a beta play and the fact that it is going to be a power player in DeFi uh without a doubt."}, {"start": "00:26:08", "end": "00:26:13", "text": "Uh okay so I want to go I want to end up here with Avalanche and all right"}, {"start": "00:26:13", "end": "00:26:19", "text": "Avalanche many people would say very undervalued right now. AVAC kind of a I"}, {"start": "00:26:19", "end": "00:26:24", "text": "would say a favorite of our channel. Uh and then of course they just kind of"}, {"start": "00:26:24", "end": "00:26:30", "text": "went a little bit dormant during a a very critical time this year and that was during the runup of Bitcoin to 126."}, {"start": "00:26:30", "end": "00:26:36", "text": "We never saw Avalanche really perform off that 65. If you had to buy an asset"}, {"start": "00:26:36", "end": "00:26:42", "text": "because there's a lot of people I think investors right now that are maybe in the S&P 500 and they're saying the same"}, {"start": "00:26:42", "end": "00:26:49", "text": "thing. They think okay this might be the top. I'm going to take a little off the table. I'm going to go to dollars. Okay. Or I'm going to go to whatever uh money"}, {"start": "00:26:49", "end": "00:26:55", "text": "market, right? But I'm looking at the next option here and it might be some of these risk"}, {"start": "00:26:55", "end": "00:27:01", "text": "assets over in crypto. Avacu could be in the right position for some of those"}, {"start": "00:27:01", "end": "00:27:07", "text": "investors that are looking for this next bull cycle coming out of crypto. Which one of those would you go with right"}, {"start": "00:27:07", "end": "00:27:13", "text": "now? Avalanche or Avalanche or Okay, let's"}, {"start": "00:27:13", "end": "00:27:20", "text": "take a look at both and then I'll kind of come to the conclusion. And I also just want to point out again that 382 type of move that we see all the time"}, {"start": "00:27:20", "end": "00:27:28", "text": "just happened on here as well back in the again this is a higher time frame but just pointing out the examples there. Um, yeah, I mean, not all-time"}, {"start": "00:27:28", "end": "00:27:35", "text": "lows by any means, and we've seen, you know, $8, uh, or less obviously way back in the day, but we are definitely coming"}, {"start": "00:27:35", "end": "00:27:40", "text": "in, you know, we're definitely on the floor. Uh, similar to what you were just pointing out with, uh, Paulie. And to"}, {"start": "00:27:40", "end": "00:27:47", "text": "me, it's again, it's it's taking into account the entire market at this current state, whereas if Bitcoin's"}, {"start": "00:27:47", "end": "00:27:52", "text": "going to head lower, you have to kind of keep all that in in your back of your mind. But I will point out that with"}, {"start": "00:27:52", "end": "00:27:58", "text": "Bitcoin falling recently, I know we had the big drop from uh 126 down to 100 and"}, {"start": "00:27:58", "end": "00:28:03", "text": "then we had basically everything nuked on that. And then recently that the altcoins have been holding up pretty"}, {"start": "00:28:03", "end": "00:28:08", "text": "resiliently in my opinion compared because we've had another sizable drop. So avalanche coming down in these areas"}, {"start": "00:28:08", "end": "00:28:15", "text": "now which were not completely melting down and Bitcoin potentially coming into support. I I personally the way I like"}, {"start": "00:28:15", "end": "00:28:22", "text": "to invest especially with my longer term positions I do look for things like this again something that's you know not popped you know one of the ones that is"}, {"start": "00:28:22", "end": "00:28:28", "text": "not maybe most got the most attention at the time uh it's a little bit of a risk here as everything's always a risk of"}, {"start": "00:28:28", "end": "00:28:34", "text": "course but uh yeah I mean this is something that easily uh I would be willing to put on risk here because it"}, {"start": "00:28:34", "end": "00:28:40", "text": "is basically at the lows so that's that's my risk profile is that I will look for things at the lows and again um"}, {"start": "00:28:40", "end": "00:28:47", "text": "maybe look for a bit of strength here if I is to look for the idea similar to where we were looking at polygon I"}, {"start": "00:28:47", "end": "00:28:53", "text": "believe or poly market uh when we need to flip this $14 again to kind of see any kind of strength come back in but"}, {"start": "00:28:53", "end": "00:28:59", "text": "right now we're undervalued as you said you're deviating a little bit below here you could put on a little risk here and then of course if it gets lower decide"}, {"start": "00:28:59", "end": "00:29:06", "text": "what you want to do from there but flip $14 however and I think we have a sizable move and I still stick to the"}, {"start": "00:29:06", "end": "00:29:13", "text": "idea that again similar to uh what we were just looking at a second ago as well I think it was unis swap"}, {"start": "00:29:13", "end": "00:29:19", "text": "We have a sizable area back above here and then just not even to get into price discovery just to recover some of this"}, {"start": "00:29:19", "end": "00:29:26", "text": "ground here on a huge multi-year just ranging activity. Uh Avalanche again on"}, {"start": "00:29:26", "end": "00:29:32", "text": "the floor definitely would be something sizable here that we could get into uh in the in the sense of uh of the market"}, {"start": "00:29:32", "end": "00:29:39", "text": "moving to the upside. Let's take a look at Sooie as well. Sooie is just kind of melting down here a bit with everything"}, {"start": "00:29:39", "end": "00:29:44", "text": "else. Suie is a newer project. Just a bit. Suie is the newer. I love it."}, {"start": "00:29:44", "end": "00:29:50", "text": "Yeah. Melting down. Suie is the newer project of the two though. And and with that is going to"}, {"start": "00:29:50", "end": "00:29:55", "text": "come more risk, right? Because we don't have as much information, as much data, and the things that go along with that."}, {"start": "00:29:55", "end": "00:30:00", "text": "But as anything, we've got the risk at hand. So, uh, we've lost this big range. I'm even just going to take this off."}, {"start": "00:30:00", "end": "00:30:06", "text": "It's not even worth looking at anymore. All right. Uh, we've got some lows here we want to see recovered. But"}, {"start": "00:30:06", "end": "00:30:11", "text": "ultimately, I've got one other level here on Sousie. Now, I would imagine if we flew all the way down to this, we'd"}, {"start": "00:30:11", "end": "00:30:18", "text": "have bigger problems in the market because that's about a 44% drop. Um, but for me, if I had a stink bid and I"}, {"start": "00:30:18", "end": "00:30:23", "text": "really wanted to just get in on some great opportunity on Sue, it would be down there about 80 cents. Otherwise,"}, {"start": "00:30:23", "end": "00:30:29", "text": "where we are now, again, mom always said if something's down 72%."}, {"start": "00:30:29", "end": "00:30:36", "text": "Consider getting in, I guess, or putting on some risk. Um, yeah, I'd probably say we're in a little bit of limbo with Sue. So, I' I'd really"}, {"start": "00:30:36", "end": "00:30:41", "text": "like to recover this 17. Yeah. And then with Avalanche."}, {"start": "00:30:41", "end": "00:30:46", "text": "Okay. Yeah. I'd go with both honestly a little bit, but I I'd probably choose Avalanche."}, {"start": "00:30:46", "end": "00:30:52", "text": "Yeah. Leverage on on each. I mean, there's an opportunity there. And I think this will be the intriguing part"}, {"start": "00:30:52", "end": "00:30:57", "text": "of this guys. We are going to either and I think this has always been the question is whether or not we see"}, {"start": "00:30:57", "end": "00:31:04", "text": "further bleed on the altcoins with Bitcoin now plummeting under 89K again"}, {"start": "00:31:04", "end": "00:31:11", "text": "as we're recording. So hitting 88. So we continue to see the strength in pushing down around all of this. I still think"}, {"start": "00:31:11", "end": "00:31:18", "text": "the Fed is going to be the uh savior for this as we start to see indicators and also maybe to a certain extent some QE"}, {"start": "00:31:18", "end": "00:31:24", "text": "you know coming in as well which could you know we'll know here in yeah we'll hear we're going to know in"}, {"start": "00:31:24", "end": "00:31:30", "text": "11 days you know because that's when uh we are done on the balance sheet for the Fed. Hey Paul it's been good having you"}, {"start": "00:31:30", "end": "00:31:36", "text": "on today. We'll definitely get you back in uh as we get into December because there could be some interesting plays to"}, {"start": "00:31:36", "end": "00:31:42", "text": "make as we start to go into next year uh for 2026. So, thanks for coming in. We"}, {"start": "00:31:42", "end": "00:31:47", "text": "appreciate it. Pleasure, Paul. Looking forward to the next one. All right. So, you guys know what to do."}, {"start": "00:31:47", "end": "00:31:54", "text": "If you're not in the diamond circle, make sure and get in on that. Uh it is a great place to get additional content. I know there's a lot of new viewers and I"}, {"start": "00:31:54", "end": "00:32:01", "text": "think we are seeing a rotation out of the S&P 500 investors who are now starting to take a look at crypto with"}, {"start": "00:32:01", "end": "00:32:07", "text": "all these depleted levels as an opportunity. So, I know you guys are out there. So, thanks for coming in. Uh if"}, {"start": "00:32:07", "end": "00:32:12", "text": "you're not following me on X, do that as well. It's just Paul Baron. We'll catch you next time right here on the Paul"}, {"start": "00:32:12", "end": "00:32:15", "text": "Baron Show."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Are we in a bare market? Today we'll answer that for you because it's going to be the question that everybody is asking. Let's just jump right in. I do"}, {"start": "00:00:06", "end": "00:00:11", "text": "want to thank our sponsor and that is BTCC. In times like this, this is where you can go out and start to leverage"}, {"start": "00:00:11", "end": "00:00:16", "text": "into swing trades. Look at ways to create a strategy around some trading."}, {"start": "00:00:16", "end": "00:00:23", "text": "You can do it over at btcc.com. Use our link down below. It's going to get you a 10% bonus on firsttime deposits and a"}, {"start": "00:00:23", "end": "00:00:28", "text": "whole slew of other benefits that are all available to the PBN community. So"}, {"start": "00:00:28", "end": "00:00:35", "text": "you guys click that link down below. Get in there, start your first trade over on BTCC, a great place to get going."}, {"start": "00:00:35", "end": "00:00:41", "text": "Listen, I want to bring in Tim Warren who's coming in from the Tim Warren Trades channel. How are you"}, {"start": "00:00:41", "end": "00:00:49", "text": "doing? Good, Paul. Good to be back. I was sick all of last week, so I missed being on the show, but uh glad to be back. And hey, maybe the bottom's in."}, {"start": "00:00:49", "end": "00:00:54", "text": "Maybe it's not, though. Maybe the bare market's here. We're going to assess that. Well, yeah, we're going to look at it. Uh hey, listen. We've got one thing"}, {"start": "00:00:54", "end": "00:01:03", "text": "happening and that is the uh the Cloudflare outage has uh caused carnage in the space of crypto exchanges website"}, {"start": "00:01:03", "end": "00:01:09", "text": "poly market was down X was down for several hours. So uh after two major AWS"}, {"start": "00:01:09", "end": "00:01:15", "text": "outages all right we already have had another cloud flare outage and are we"}, {"start": "00:01:15", "end": "00:01:22", "text": "continuing to see some nefarious activities occurring at very critical times in the market? Have you noticed"}, {"start": "00:01:22", "end": "00:01:27", "text": "that very critical times if you go to look at these outages as more trading is occurring. I don't know."}, {"start": "00:01:27", "end": "00:01:35", "text": "Yeah. Yeah. Very few things in this world are coincidences. So that's right. That's right. I wonder what would be the coincidence"}, {"start": "00:01:35", "end": "00:01:41", "text": "of a new chair and who we would replace that new chair with. Who is your pick"}, {"start": "00:01:41", "end": "00:01:47", "text": "right now? Do you have one? I don't know if I have a pick. I'm not going to be the one to make that pick"}, {"start": "00:01:47", "end": "00:01:54", "text": "and I'm glad Waller's making his case. Uh I I don't think that crypto holders would be too uh opposed to Waller being"}, {"start": "00:01:54", "end": "00:02:00", "text": "the chair, but who knows? Maybe it's someone who's not even on the Fed right now and it's an outside hire, but we'll see."}, {"start": "00:02:00", "end": "00:02:06", "text": "Well, he says he's going to do it. Says he already knows who's going to pick to replace uh the Fed chair, Mr. Jerome"}, {"start": "00:02:06", "end": "00:02:12", "text": "Powell. The question is when does he do it? Now, I want to go into the market a little bit and I'm going to lead off"}, {"start": "00:02:12", "end": "00:02:18", "text": "with a clip here and this of course is Mr. Matt Hogan and Tom Lee talking about"}, {"start": "00:02:18", "end": "00:02:23", "text": "is this the bottom? Take a look. In crypto specifically, uh it's been"}, {"start": "00:02:23", "end": "00:02:32", "text": "dealing with two two issues. One is there was this big liquidation event on October 10th. One that really was a"}, {"start": "00:02:32", "end": "00:02:38", "text": "larger liquidation event than anything seen in history. And the second is because crypto is risk. I think markets"}, {"start": "00:02:38", "end": "00:02:43", "text": "are really struggling with what the Fed's going to signal on December. because you know if you end up with a"}, {"start": "00:02:43", "end": "00:02:51", "text": "hawkish Fed it gets crypto investors very nervous. I think that's all creating this downside pressure. But I"}, {"start": "00:02:51", "end": "00:02:58", "text": "think the good news is uh there are signs of exhaustion just like in 2022 or in 2020. It does take a few weeks for"}, {"start": "00:02:58", "end": "00:03:04", "text": "the industry to sort of find its footing. And I think that's why crypto prices have lagged here. Um and it does"}, {"start": "00:03:04", "end": "00:03:10", "text": "have the signs of that maybe a market maker or two uh actually uh is unable to"}, {"start": "00:03:10", "end": "00:03:16", "text": "provide market liquidity. And as you know as liquidity contracts, it's the same thing as the central bank"}, {"start": "00:03:16", "end": "00:03:21", "text": "tightening. So, it's almost like cryptoQT that would look like a bottom that could be occurring sometime this"}, {"start": "00:03:21", "end": "00:03:27", "text": "week. I look at this as a great buying opportunity for long-term investors. You know, Bitcoin was the first thing to"}, {"start": "00:03:27", "end": "00:03:33", "text": "turn over before this broader market pullback. It was sort of the canary in the coal mine signaling that there was"}, {"start": "00:03:33", "end": "00:03:39", "text": "some risk in all sorts of risk on assets. I think it'll be the first thing to bottom and I agree with Tom. We're"}, {"start": "00:03:39", "end": "00:03:44", "text": "getting very close to that point. So, I think it's an exciting opportunity again for people who are looking out a year or"}, {"start": "00:03:44", "end": "00:03:52", "text": "more into the future. All right. So, there you have it. Tom Lee, both Matt Hogan are still upside very"}, {"start": "00:03:52", "end": "00:03:58", "text": "bullish on the market, saying that this is that was a little bit of a striking statement that Tom said about market"}, {"start": "00:03:58", "end": "00:04:04", "text": "makers not having liquidity to be able to be able to run into that. That's a little scary in the sense of where we"}, {"start": "00:04:04", "end": "00:04:10", "text": "are in the market right now because it means are we in a house of cards, you know, when you look at that kind of scenario."}, {"start": "00:04:10", "end": "00:04:17", "text": "If that's happened, is it systemic that it could kind of roll into other market makers? Do you agree with uh Matt and"}, {"start": "00:04:17", "end": "00:04:22", "text": "Tom that this is the bottom? You know, it's crazy because what I have"}, {"start": "00:04:22", "end": "00:04:29", "text": "to start off and and give h just clear points about Tom Tom Lee or"}, {"start": "00:04:29", "end": "00:04:35", "text": "Tom has been right about a lot of things in the past. He's not been right here recently. Uh I I think at this point his"}, {"start": "00:04:35", "end": "00:04:41", "text": "predictions of where we're going to be at the end of the year are just way too far-fetched. which I think is pretty clear, you know, we're not going to get"}, {"start": "00:04:41", "end": "00:04:46", "text": "to 150 or whatever with Bitcoin unless something a miracle happens."}, {"start": "00:04:46", "end": "00:04:52", "text": "Didn't he say 150,000? 150,000 uh or 7,000 for Ethereum. Unless a miracle happens, those things are happen. Maybe"}, {"start": "00:04:52", "end": "00:04:59", "text": "he said 200 He said 200,000 for 250. I'm saying 100,000 150,000 probably won't happen by the end of year at this"}, {"start": "00:04:59", "end": "00:05:06", "text": "point. But when it comes to the statements, will we see a bottom this week? I have moved into a place, Paul, I think"}, {"start": "00:05:06", "end": "00:05:11", "text": "I said this on your show last time I was here. I have I have been brutalized. And I'm not even going to try to hide behind"}, {"start": "00:05:11", "end": "00:05:17", "text": "or make excuses. My longer term price predictions have been brutalized. I have videos from a year ago saying, \"Hey, how"}, {"start": "00:05:17", "end": "00:05:23", "text": "high can these cryptos get by the end of 25?\" And not a single one of them have come true. Right? So, I'm not going to"}, {"start": "00:05:23", "end": "00:05:29", "text": "sit here and lie to people and tell them I'm this perfect guru. But I've I've decided, you know what? I'm going to step out of trying to look down the road"}, {"start": "00:05:29", "end": "00:05:35", "text": "of six, seven months, a year, two years away. That is borderline impossible at"}, {"start": "00:05:35", "end": "00:05:40", "text": "this point. I'm going to focus on what is right in front of me. What are the charts saying right now? A and what I am"}, {"start": "00:05:40", "end": "00:05:48", "text": "seeing is we have hit a lot of support and we've hit a lot of blood here in the last couple of days. Uh weeks ago I told"}, {"start": "00:05:48", "end": "00:05:53", "text": "people be prepared for 92 and I said hey there's an outside chance 89 I think I"}, {"start": "00:05:53", "end": "00:05:59", "text": "said 898 could be hit due to golden pockets due to some liquidity and liquidations that were down at those"}, {"start": "00:05:59", "end": "00:06:05", "text": "levels. I was hopeful we might have bounced closer to 98 or 96, but I I told our community, listen, these are still"}, {"start": "00:06:05", "end": "00:06:11", "text": "available. We took all that out last night. We took all those gone. I'm not saying we can't go lower, but we took"}, {"start": "00:06:11", "end": "00:06:16", "text": "all those out pretty fast, pretty aggressively. And as we're going to look at here in the charts here in a second,"}, {"start": "00:06:16", "end": "00:06:22", "text": "there's a handful of things that are echoing bottom is in or at least bottom"}, {"start": "00:06:22", "end": "00:06:28", "text": "is close. So, will it happen this week? That's a good question. Maybe it did happen, but it's at least very close in"}, {"start": "00:06:28", "end": "00:06:36", "text": "my opinion. Well, 892, I think, is where we uh landed at least. Yeah. So, you're you're"}, {"start": "00:06:36", "end": "00:06:41", "text": "looking at a a struggling market at best. And even with that, you've got Ronald Paul"}, {"start": "00:06:41", "end": "00:06:46", "text": "who has also hit on this and that is Bitcoin corrected. And this is I mean, he's just stating facts here. Bitcoin in"}, {"start": "00:06:46", "end": "00:06:52", "text": "2024 corrected 32, 2025, 32. Right now, it's around 28"}, {"start": "00:06:52", "end": "00:06:58", "text": "uh normal if you've been here before. I know everybody, most people who are here now watching our channel has not lived"}, {"start": "00:06:58", "end": "00:07:04", "text": "it before. So they're a little panicking, you know. Se Salana corrected 476748"}, {"start": "00:07:04", "end": "00:07:15", "text": "and Suie was 697968 and now 64. So um cyclewise the um the point that I"}, {"start": "00:07:15", "end": "00:07:22", "text": "think he's getting at is everything's oversold right now and uh that this right now sentiment is terrible. We'll"}, {"start": "00:07:22", "end": "00:07:27", "text": "show the, you know, the fear and greed in a second, but would you say, okay, I'm going to I'm not going to pin you"}, {"start": "00:07:27", "end": "00:07:34", "text": "down to are we in a bull market or a bare market. Are you bullish or bearish right now going into the end of the"}, {"start": "00:07:34", "end": "00:07:40", "text": "year? Right. I'll answer both sides of that question. I am bullish going into the end of the year. Not 150,000 to 200,000"}, {"start": "00:07:40", "end": "00:07:47", "text": "for Bitcoin. Not $7,000 per coin for Ethereum. Not that level of bullish. Um, but I am bullish. And when you when the"}, {"start": "00:07:47", "end": "00:07:53", "text": "original question you said you didn't want to pin me down, I'm okay being pinned down there. If you are going to say we're in a bare market, which again"}, {"start": "00:07:53", "end": "00:08:00", "text": "a lot of people on the internet are saying right now, I'm willing to say fine, we're in a bare market. If you agree that we had a bare"}, {"start": "00:08:00", "end": "00:08:06", "text": "market early in 2025, and if you agree that we had a bare market in the summer of 2024, because again, as you just even"}, {"start": "00:08:06", "end": "00:08:12", "text": "mentioned there based on Ralph Paul's tweet, we actually are not even down as far right now as we were back then. And"}, {"start": "00:08:12", "end": "00:08:18", "text": "yet, the fear and green index you're about to show is showing the exact same levels of fear despite the fact that we"}, {"start": "00:08:18", "end": "00:08:24", "text": "actually aren't even as low. So, I I'm just sitting here saying for anyone out there that thinks we're in a bare"}, {"start": "00:08:24", "end": "00:08:29", "text": "market, the answer at this point is not a crypto bare market. You can't use the stock market definition of a bare market"}, {"start": "00:08:29", "end": "00:08:34", "text": "and say crypto is in a bare market because that says 20% down, you're automatically in a bare market. 20% is a"}, {"start": "00:08:34", "end": "00:08:41", "text": "normal Tuesday for Bitcoin and cryptocurrency. This has to be compared to previous levels and previous sections"}, {"start": "00:08:41", "end": "00:08:48", "text": "in this bull run so far. And until we drop to new lows, and meaning new lows of how far we've fallen, I'm going to"}, {"start": "00:08:48", "end": "00:08:54", "text": "continue to say we're in a bull market. I don't see as an extreme fear. Uh we hit 10 for two days in a row. This to me"}, {"start": "00:08:54", "end": "00:09:00", "text": "is screaming blood is in the streets. Weeks are gone or almost gone. I think"}, {"start": "00:09:00", "end": "00:09:05", "text": "new highs are coming in the new year. All right. And you're looking at the fear and greed right there. 15 as of"}, {"start": "00:09:05", "end": "00:09:11", "text": "today at filming all the way back into April, which was the last time we saw a market dip."}, {"start": "00:09:11", "end": "00:09:18", "text": "Uh also at 15. And the pri prior to that one was in March. And of course that was all due to tariffs also clipping down to"}, {"start": "00:09:18", "end": "00:09:26", "text": "15 again. But this move that we saw you know this week where we started to see that 10 for a short period of time was"}, {"start": "00:09:26", "end": "00:09:31", "text": "pretty indicative of what you're saying in terms of is this the bottom and is the bottom end. I guess the real"}, {"start": "00:09:31", "end": "00:09:37", "text": "question if you go all the way back into 2021 uh because I think a lot of people that"}, {"start": "00:09:37", "end": "00:09:44", "text": "watch our show probably even your show were probably around in 2021 may maybe not into crypto as heavy as"}, {"start": "00:09:44", "end": "00:09:49", "text": "they are now but take a look at the Bitcoin chart in 2021 Tim"}, {"start": "00:09:49", "end": "00:09:56", "text": "and if you compare May to November kind of go in that tell me if there's any uh"}, {"start": "00:09:56", "end": "00:10:05", "text": "scenario that is unique to what's happened right now with the most recent up tick to 126 here in 2025."}, {"start": "00:10:05", "end": "00:10:11", "text": "So you're saying comparing the May 2021 to November that double top. Yep. Mhm. Yeah. And compared to this one right"}, {"start": "00:10:11", "end": "00:10:18", "text": "here. Yeah. People are going to look for this and they're going to try to pinpoint and say, \"Man, we got to look at this and see we clearly had bearish"}, {"start": "00:10:18", "end": "00:10:23", "text": "divergence with a slightly higher high, but if you turn on our oscillators and, you know, look at the RSI, we clearly"}, {"start": "00:10:23", "end": "00:10:30", "text": "went lower high.\" And they're going to say, \"Well, the same thing happened back here.\" Here's what I'll tell you. You could have made the argument. You can"}, {"start": "00:10:30", "end": "00:10:35", "text": "make the argument right now. You can if you want to, but you'd also Let me go to the weekly chart here. See less candles."}, {"start": "00:10:35", "end": "00:10:44", "text": "You also um would have to make the argument, well then why didn't we top out in January or December December 24"}, {"start": "00:10:44", "end": "00:10:50", "text": "to January 25? Because if you're going to say, well that Tim was massive bearish divergence. We have to be done."}, {"start": "00:10:50", "end": "00:10:56", "text": "Well, there was massive bearish divergence back there as well and we kept going to new highs, right? This has been a triple top here. So I I don't"}, {"start": "00:10:56", "end": "00:11:02", "text": "like the argument. Well, we've seen a chart look like this. It's called, for anyone out there, it's called a fractal."}, {"start": "00:11:02", "end": "00:11:09", "text": "I don't I'm not a big believer in fractals being perfect. People want to use the fractal of 2021 to try to"}, {"start": "00:11:09", "end": "00:11:15", "text": "pinpoint the top of 2025. And like I just pointed out, if that was the case, then you should have sold back in"}, {"start": "00:11:15", "end": "00:11:21", "text": "December when we had that massive weekly bearish divergence. But of course, we would go to new all-time highs to 126"}, {"start": "00:11:21", "end": "00:11:27", "text": "only a couple of months later. So, I'm not a big believer in saying just cuz that looked like that in 2021 means it's"}, {"start": "00:11:27", "end": "00:11:33", "text": "going to happen again in 2025. You put out the tweet obviously following up what Eleanor was talking"}, {"start": "00:11:33", "end": "00:11:39", "text": "about uh in reference to Senator Scott talking about this and he's mum on the banking side of the market structure"}, {"start": "00:11:39", "end": "00:11:44", "text": "which tells me that things are not looking good in Congress for the Clarity"}, {"start": "00:11:44", "end": "00:11:50", "text": "Act. And uh when you look at where we are right now on the market, this would"}, {"start": "00:11:50", "end": "00:11:56", "text": "be another bottom signal if we don't get the clarity. Many people would say, okay, well, everybody's selling out,"}, {"start": "00:11:56", "end": "00:12:02", "text": "waiting for Clarity Act, most likely going to happen, you know, Q1, if in fact we get it through Q1 of next year."}, {"start": "00:12:02", "end": "00:12:09", "text": "Do you think that is a signal for 2025 if they finally put a nail in this one and say it's not happening this year?"}, {"start": "00:12:09", "end": "00:12:16", "text": "I mean, that's definitely not going to be it's not going to make us skyrocket new alltime highs by itself. that news. I I think I think part of this though is"}, {"start": "00:12:16", "end": "00:12:23", "text": "going to be blown out of proportion. Tim Scott coming out and saying it's not going to happen by the end of 25. Let's be honest, there's only a month and less"}, {"start": "00:12:23", "end": "00:12:29", "text": "there's less than a month and a half left in a year, right? If there's one thing we know about America's government systems is that"}, {"start": "00:12:29", "end": "00:12:35", "text": "they don't do anything fast. So to think that we've been shut down for the longest shutdown in American history, we"}, {"start": "00:12:35", "end": "00:12:42", "text": "just got reopened last week and they're going to turn around and vote on this and get this all approved in a month and a half. I I think the way to look at"}, {"start": "00:12:42", "end": "00:12:48", "text": "this is say Tim Scott's being reasonable saying, \"Hey guys, it probably won't be approved until early into Q1 of 25"}, {"start": "00:12:48", "end": "00:12:54", "text": "because we got to get time to have debate and conversations and we got to make sure we get the votes.\" You don't want to rush this process and then have"}, {"start": "00:12:54", "end": "00:13:00", "text": "to go back to the drawing board. He wants to take it slowly but surely, get the votes and then get this passed ASAP."}, {"start": "00:13:00", "end": "00:13:06", "text": "And that's just probably not in 205. Other macro environment things that are"}, {"start": "00:13:06", "end": "00:13:12", "text": "happening is uh the jobs. We're finally starting to get some data. US jobless claims now rise 232,000. The estimate"}, {"start": "00:13:12", "end": "00:13:20", "text": "was around 223. So up considerably again uh after a previously high of 219,000"}, {"start": "00:13:20", "end": "00:13:26", "text": "jobless. So we're continuing to go up the you know it's kind of like um a situation in the market. We're"}, {"start": "00:13:26", "end": "00:13:31", "text": "continuing to see a higher u bearish divergence here when it comes to"}, {"start": "00:13:31", "end": "00:13:36", "text": "jobs in general. Do you think that we are in a position right now? Because if you look at the"}, {"start": "00:13:36", "end": "00:13:43", "text": "S&P 500 and you compare that to the economy, it's as if the economy is in a"}, {"start": "00:13:43", "end": "00:13:49", "text": "completely different polar opposite environment than what we're seeing in the S&P 500, even though it's down a"}, {"start": "00:13:49", "end": "00:13:54", "text": "little bit, but still up significantly on the year. Do you think this changes for next year"}, {"start": "00:13:54", "end": "00:14:01", "text": "or does the S&P 500 finally get its day and we start to see a major correction in the market?"}, {"start": "00:14:01", "end": "00:14:07", "text": "Well, let's be very clear. What's in the S&P 500? One of those companies, the largest company in the world, Nvidia,"}, {"start": "00:14:07", "end": "00:14:13", "text": "has been boosted through the AI world. That's the whole debate right now on the internet. Is the AI about to enter into a bubble? I believe Peter Teal just"}, {"start": "00:14:13", "end": "00:14:19", "text": "removed all of his investments uh from Nvidia. I could see Nvidia come down back down to earth. We talked about on"}, {"start": "00:14:19", "end": "00:14:25", "text": "my show the other day. Um but you're right, like the S&P 500 doesn't match the full-blown look of the economy"}, {"start": "00:14:25", "end": "00:14:30", "text": "because it is propped up by certain stocks that are going massively to the upside like uh Nvidia. And that could"}, {"start": "00:14:30", "end": "00:14:36", "text": "correct here a little bit. Um, in a nutshell though, I still think that I"}, {"start": "00:14:36", "end": "00:14:41", "text": "said this the other day on my show, the economy is not where everyone wants it to be, but it's not in as bad of a"}, {"start": "00:14:41", "end": "00:14:47", "text": "position as some people want to doom and gloom to make it out to be. The S&P 500 is up because of AI stock. I think what"}, {"start": "00:14:47", "end": "00:14:54", "text": "we could see happen is a coordinated uh approach where crypto does very well and other stocks very well as not only does"}, {"start": "00:14:54", "end": "00:14:59", "text": "liquidity come in from the Fed, right? People are freaking out about the December decision. I still think they're going to cut rates, but remember"}, {"start": "00:14:59", "end": "00:15:05", "text": "December 1st, whether they cut rates again in December on the 10th or not, December 1st ends quantitative"}, {"start": "00:15:05", "end": "00:15:12", "text": "tightening. We have several Fed members talking about quantitative easing is going to come sooner rather than later. That is added injected liquidity back"}, {"start": "00:15:12", "end": "00:15:17", "text": "into the markets. Then you also have these overinflated, I'm not going to call it a bubble, but I am going to call"}, {"start": "00:15:17", "end": "00:15:24", "text": "it overinflated stocks in the AI spe uh space that people have been sending money to. They've been making a lot."}, {"start": "00:15:24", "end": "00:15:29", "text": "It's overbought. Watch them take profits. And there's two options to do with the once you take those profits. Do"}, {"start": "00:15:29", "end": "00:15:35", "text": "you have faith in the US dollar? I don't, but you could if you want to. Or do you go find something that has a"}, {"start": "00:15:35", "end": "00:15:42", "text": "bright future and is oversold? I.e. look at the crypto space right now. I think we're about to see a massive liquidity"}, {"start": "00:15:42", "end": "00:15:48", "text": "shift into crypto. You're seeing liquidity in the global scale scale is hitting some highs, hitting some"}, {"start": "00:15:48", "end": "00:15:55", "text": "resistance. The US dollar, the Dixie is hitting a resistance level. Also, USDT dominance back up to a zone. Uh, let me"}, {"start": "00:15:55", "end": "00:16:02", "text": "actually show this chart. All right, USDT dominance right now is back up at a zone of resistance that previously this"}, {"start": "00:16:02", "end": "00:16:08", "text": "year has marked major bottoms or previously in this bull run. September of 24, we got to this level up here at"}, {"start": "00:16:08", "end": "00:16:14", "text": "6.53. In April/ Yeah, in April of 2025, we got up here to 6.22. Today, we wicked"}, {"start": "00:16:14", "end": "00:16:20", "text": "as high as 6.09. And when you look at some other indicators, we are extremely overbought"}, {"start": "00:16:20", "end": "00:16:27", "text": "on this levels preparing for a turn back to the downside, even as high as the weekly chart. USDT dominance going to"}, {"start": "00:16:27", "end": "00:16:33", "text": "the upside for anyone who doesn't track this chart is a bearish thing. It makes sense that markets are bleeding. Guess"}, {"start": "00:16:33", "end": "00:16:40", "text": "what? They're being put back into USDT. Guess what happens? USDT gets high though and starts to reverse. It comes"}, {"start": "00:16:40", "end": "00:16:45", "text": "back down. That liquidity gets injected into uh the crypto space because it's a"}, {"start": "00:16:45", "end": "00:16:50", "text": "stable coin. So, if we have liquidity coming from stable coins back into crypto and we have liquidity coming back"}, {"start": "00:16:50", "end": "00:16:56", "text": "from the economy and the US government, to me, again, I'm not going to give a date. I'm not going to give a price"}, {"start": "00:16:56", "end": "00:17:03", "text": "range of how high it could get, but all this still screams there's a massive liquidity uh jump coming to the markets."}, {"start": "00:17:03", "end": "00:17:08", "text": "It's a matter of being patient, waiting for it, getting the weekends out of the market so that the rich can get richer."}, {"start": "00:17:08", "end": "00:17:14", "text": "That's their game. But those of us who stay around and hodddle on will get to reap those rewards as well. Well, I"}, {"start": "00:17:14", "end": "00:17:20", "text": "think a lot of people have to understand that wealthy people's timelines and time"}, {"start": "00:17:20", "end": "00:17:26", "text": "horizons are much different than others because you're dealing with people who don't really need the money. So, they're"}, {"start": "00:17:26", "end": "00:17:32", "text": "sitting in a position where they're just like, \"Hey, whatever. I'm going to hold this for another 5 to 10 years. That's my time horizon.\""}, {"start": "00:17:32", "end": "00:17:38", "text": "Uh, where is that market going to be at that time? Is the is the question. So a lot of this minutia that we're dealing"}, {"start": "00:17:38", "end": "00:17:43", "text": "with right now, which gets into your point of worrying about what's going to happen by end of quarter, who cares? I"}, {"start": "00:17:43", "end": "00:17:49", "text": "mean, at the end of the day, yes, you want to be in position. So, it's always about where you can buy an opportunity"}, {"start": "00:17:49", "end": "00:17:55", "text": "for a market dip. Uh, and the other market dip opportunity is probably going to come up here on December 10th as we"}, {"start": "00:17:55", "end": "00:18:02", "text": "get into the Fed rate decision. To your point, you still think they're going to get a cut. Uh right now it is a struggle"}, {"start": "00:18:02", "end": "00:18:09", "text": "over there on uh poly market because I don't think anybody knows right. We are back and forth on poly market on a um"}, {"start": "00:18:09", "end": "00:18:14", "text": "quarter basis and a no change. Uh Tim Warren says quarter basis points."}, {"start": "00:18:14", "end": "00:18:22", "text": "I'm I'm going to reserve my decision for one more week because I'm still worried about another crazy another crazy move"}, {"start": "00:18:22", "end": "00:18:28", "text": "in the market. Yeah. Um, which also remember Pal's still got to get some more data, you"}, {"start": "00:18:28", "end": "00:18:34", "text": "know, and he may start I'm going to I will predict this. I I will predict this. I think Pal's"}, {"start": "00:18:34", "end": "00:18:41", "text": "going to come in and do a meeting between now and December 10th to reveal some of his strategy based on data"}, {"start": "00:18:41", "end": "00:18:46", "text": "because of the pent-up demand of data that he needed. So, be on the lookout for that. When he"}, {"start": "00:18:46", "end": "00:18:52", "text": "gives us that meeting, then we might have something. By the way, guys, if you haven't subscribed to"}, {"start": "00:18:52", "end": "00:18:57", "text": "Tim's channel, right, there it is. Tim Warren Trades over on YouTube, cracking"}, {"start": "00:18:57", "end": "00:19:02", "text": "it out there. Uh, does a good job of keeping you guys updated. So, make sure and subscribe. Tell him we sent you over"}, {"start": "00:19:02", "end": "00:19:09", "text": "there. Uh, for sure. Let's get into some other tokens here, Tim, and I want to look at the Before I do that, I want to"}, {"start": "00:19:09", "end": "00:19:15", "text": "go back to Bitcoin for just a second. uh because this is this is a statement right here around the average ETF"}, {"start": "00:19:15", "end": "00:19:20", "text": "investor underwater as a as Bitcoin is falling you know down to 896 obviously"}, {"start": "00:19:20", "end": "00:19:26", "text": "Bitcoin's back up to what are we at now 933 here as time of recording so a big"}, {"start": "00:19:26", "end": "00:19:32", "text": "move just in the last 12 hours do you think ETF investors are getting spooked here or do you think they'll"}, {"start": "00:19:32", "end": "00:19:38", "text": "hold Oh sure remember ETF investors are still retailers while we do see institutions"}, {"start": "00:19:38", "end": "00:19:45", "text": "going the route of buying Bitcoin via ETFs instead of uh the traditional Coinbase or Binance route, there's still"}, {"start": "00:19:45", "end": "00:19:52", "text": "a massive amount of retail trad investors going the ETF route. And that's just a part of the play. The part of the play is scare retail out of the"}, {"start": "00:19:52", "end": "00:19:58", "text": "markets, get all the weak hands gone, get rid of all the overleveraged long positions and then the composite man or"}, {"start": "00:19:58", "end": "00:20:04", "text": "the institutions, the whales, they can buy up that cheap price and then they skyrocket back to the upside. So, I I"}, {"start": "00:20:04", "end": "00:20:10", "text": "think ETF ETF investors are getting scared in the same way the Coinbase investors are getting scared and the"}, {"start": "00:20:10", "end": "00:20:16", "text": "Binance investors are getting scared. I put a tweet out this morning. Listen, like the last month and a half has been brutal."}, {"start": "00:20:16", "end": "00:20:21", "text": "I understand why people are scared. I understand why people want to give up. It's just about getting out of your"}, {"start": "00:20:21", "end": "00:20:27", "text": "feelings right now. Look out at what's been happening. I I'll show this and you kind of mentioned it with a tweet"}, {"start": "00:20:27", "end": "00:20:32", "text": "earlier, but I want to kind of show people on the charts what this looks like. People are freaking out right now"}, {"start": "00:20:32", "end": "00:20:41", "text": "about Bitcoin despite the fact that Bitcoin is only down. Let's consider the wick to yesterday only down 29.5%."}, {"start": "00:20:41", "end": "00:20:47", "text": "Why is that important? Because literally earlier this year, we're not even have to go back years plural. We can go back"}, {"start": "00:20:47", "end": "00:20:53", "text": "months. We were down 31.6%. Let's go back to one year ago. During"}, {"start": "00:20:53", "end": "00:20:58", "text": "the summer of 2024, we were down 30. I think this one's going to be 32%. Let me"}, {"start": "00:20:58", "end": "00:21:05", "text": "get the exact number. 30 Oh, excuse me. 33%. So, we're not even down as far as we've been in the last two years. And"}, {"start": "00:21:05", "end": "00:21:11", "text": "yet, people are freaking out and convinced that the bull market is over and done. I'm not going to look at"}, {"start": "00:21:11", "end": "00:21:17", "text": "individual altcoins, but let's just take a look at Total Three. Ethereum's had a pretty good run here recently. It's one"}, {"start": "00:21:17", "end": "00:21:24", "text": "of the few altcoins that is nearer to its previous all-time high. But Total 3 is all the altcoins excluding Ethereum."}, {"start": "00:21:24", "end": "00:21:31", "text": "Even when you look at this, yes, certain altcoins are down 40, 50, 60%. But Total Three has only been down, I'm not going"}, {"start": "00:21:31", "end": "00:21:36", "text": "to count this wick, the scam wick, I'm going to count these lows from the other day, 26.9%."}, {"start": "00:21:36", "end": "00:21:43", "text": "Why is Bitcoin dominance falling? Because altcoins actually are not even falling as far as Bitcoin is. Now, a lot"}, {"start": "00:21:43", "end": "00:21:49", "text": "of that probably has to do with Zcash and the massive climb that it's made, but my overall point here is people are"}, {"start": "00:21:49", "end": "00:21:55", "text": "freaking out and they're acting like all hell is broken loose and we're setting records for the worst crashes in the"}, {"start": "00:21:55", "end": "00:22:01", "text": "history of crypto. And that's not the truth. That's not what the charts say, but it is what the gut feeling and"}, {"start": "00:22:01", "end": "00:22:09", "text": "emotions are on the internet. And most retail investors, I'm just being honest, most people invest heavily with their"}, {"start": "00:22:09", "end": "00:22:16", "text": "emotions, not with their brain. Looking at the charts, thinking critically, understanding that it's best to buy when"}, {"start": "00:22:16", "end": "00:22:24", "text": "people are scared and it's best to sell when people are happy. Right now, people are scared at levels we have seen previously marked major"}, {"start": "00:22:24", "end": "00:22:29", "text": "bottom positions. If you go into the others chart because that'll give you more of an altcoin comparison."}, {"start": "00:22:29", "end": "00:22:34", "text": "Yeah. What what do you think about that? If you if you remove some of the the majors"}, {"start": "00:22:34", "end": "00:22:40", "text": "out obviously outside Bitcoin and ETH, now you pull off XRP and Salana. Um because that's the real altcoin"}, {"start": "00:22:40", "end": "00:22:47", "text": "market. I think in comparison, I'll have to add this to my my list of things to keep an eye on. Here's what I"}, {"start": "00:22:47", "end": "00:22:52", "text": "would say that's stepping out uh standing out to me at the moment. We clearly did not get a higher high in"}, {"start": "00:22:52", "end": "00:22:59", "text": "here in September of 25. we were lower than back here in December 24. But I'm going to I'm going to comment that here in a second. But I think what's more"}, {"start": "00:22:59", "end": "00:23:05", "text": "important than saying we didn't get a higher high is we didn't get a lower low either. Yes, there's a scam wick here."}, {"start": "00:23:05", "end": "00:23:11", "text": "I'm not going to count that. When you look at this, we're staying among a trend line of support to the upside."}, {"start": "00:23:11", "end": "00:23:19", "text": "This is actually this actually makes it a little better. You know, back here in December of 24 down to April, we saw a"}, {"start": "00:23:19", "end": "00:23:24", "text": "61% correction and the bull market was not quite over. But if you go back before that, uh, here in the summer of"}, {"start": "00:23:24", "end": "00:23:30", "text": "25, you know, March 24, sorry, 24 down to the summer of 24, we saw a 58%"}, {"start": "00:23:30", "end": "00:23:38", "text": "correction. Well, because we didn't put in a higher high, I can just go ahead and tell you the altcoins not really that bad. Only down 36%. Uh, and again,"}, {"start": "00:23:38", "end": "00:23:44", "text": "this is obviously excluding, like you said, I'll have to add this, excluding, you said, Solana and XRP. Um, still"}, {"start": "00:23:44", "end": "00:23:50", "text": "putting in higher lows. Very good case. But here's the other thing I would say. You know, if you're sitting here saying we're about to enter into a bare market,"}, {"start": "00:23:50", "end": "00:23:55", "text": "you know, I want to be very clear. I will go off this for a second. I want to be very clear to people. We have entered"}, {"start": "00:23:55", "end": "00:24:01", "text": "into no man's land. Anyone who's trying to say, \"Oh, look at the history of the four-year cycle, the history of cryp.\""}, {"start": "00:24:01", "end": "00:24:07", "text": "We are in no man's land. Never have the institutions controlled the markets the way they have right now. But let's just say, let's say you're a person who's"}, {"start": "00:24:07", "end": "00:24:13", "text": "like, \"Man, we've entered the bare market. We're here to go because of the four-year cycle is in play.\" Well, guys, if the four-ear"}, {"start": "00:24:13", "end": "00:24:20", "text": "cycle, one of the things is that you have a whole year of downward action. Altcoins according to this other's chart have been in a bare market for a year"}, {"start": "00:24:20", "end": "00:24:25", "text": "which so your own argument would suggest if they've been in a bare market for a whole year historically shouldn't"}, {"start": "00:24:25", "end": "00:24:32", "text": "altcoins resume to the upside that's not my start that's not my argument that's not what I'm saying what I'm saying is don't pay attention to fouryear cycles"}, {"start": "00:24:32", "end": "00:24:38", "text": "and past movements because those were under a different game different controllers of the markets we've changed"}, {"start": "00:24:38", "end": "00:24:44", "text": "it now I still think though when you look at investing in total not just crypto look at the stock market look at"}, {"start": "00:24:44", "end": "00:24:52", "text": "the history of how markets move. The amount of indicators screaming a bottom is close and that the whales are about"}, {"start": "00:24:52", "end": "00:24:58", "text": "to buy up big while retail runs scared for the hills is screaming at me. Yeah, that we're very very close at least."}, {"start": "00:24:58", "end": "00:25:06", "text": "Maybe the bottom's not in, but we're very close at least. Let's go into two more charts. I want to take a look at the Ethereum chart. Um"}, {"start": "00:25:06", "end": "00:25:12", "text": "because that's that one is interesting to me because obviously we dip just under 3K. Uh Ethereum of course has"}, {"start": "00:25:12", "end": "00:25:18", "text": "bounced uh much like Bitcoin has gone back up to 93. Where would you look at uh Ethereum right now in terms of trend"}, {"start": "00:25:18", "end": "00:25:23", "text": "lines? In terms of trend lines, I don't know if I have a trend line in play right now"}, {"start": "00:25:23", "end": "00:25:29", "text": "for Ethereum. Obviously, we had a nice uh falling channel here weeks ago that"}, {"start": "00:25:29", "end": "00:25:34", "text": "this is a bearish move because we broke below that support level, treated as resistance. Uh this was what I was"}, {"start": "00:25:34", "end": "00:25:41", "text": "looking at. Like I told our community once, especially after we lost this green line, I said, \"Listen, the golden pocket is going to be something to watch"}, {"start": "00:25:41", "end": "00:25:47", "text": "here for Ethereum.\" Last night, Bitcoin hit its golden pocket. Are we going to say that's close enough for government work? Maybe that is like, you know, I I"}, {"start": "00:25:47", "end": "00:25:55", "text": "told my community 2930 is going to be an area to watch. Maybe even as low as 2850. We got to what is that about 2951?"}, {"start": "00:25:55", "end": "00:26:01", "text": "So, within $20 of what I was saying. Is that good enough? Obviously, we're getting a little bounce right here. Let's not rejoice. Let's not let's not"}, {"start": "00:26:01", "end": "00:26:07", "text": "say for sure the the bottom is in because we haven't even gotten back into a bull trend on minor time frames right"}, {"start": "00:26:07", "end": "00:26:12", "text": "now. But we did hit a major marker right there uh for Ethereum. So trend line, I"}, {"start": "00:26:12", "end": "00:26:17", "text": "don't have a trend line to show, but I do think that golden pocket was something to watch and we skimmed it,"}, {"start": "00:26:17", "end": "00:26:23", "text": "got very close to it last night. Several other altcoins dipped to it or even a little bit below. I think that's a good"}, {"start": "00:26:23", "end": "00:26:30", "text": "sign. I think Ethereum is one of the coins that should benefit the most from those other things I showed you. USDT dominance looks like it's about to top"}, {"start": "00:26:30", "end": "00:26:35", "text": "the gold or the death cross that just we haven't even mentioned that on the show today the death cross that just happened"}, {"start": "00:26:35", "end": "00:26:42", "text": "and I I told our community I don't care if you're bullish or bearish look at the history not just in crypto in the stock"}, {"start": "00:26:42", "end": "00:26:47", "text": "market as well of the death cross whether you're in a bull market or a bare market you're you're at least in a"}, {"start": "00:26:47", "end": "00:26:55", "text": "short-term bottom within a couple of days in 2022 we had one it was a bare market we still saw Bitcoin rally 48%"}, {"start": "00:26:55", "end": "00:27:02", "text": "before continuing to the downside after that death cross happened. So, even if you're listening to this and you're in a bare market, you should be saying, \"Hey,"}, {"start": "00:27:02", "end": "00:27:08", "text": "I think that Bitcoin and altcoins should at least have a dead cat bounce.\" If you're bullish and you think we're in a"}, {"start": "00:27:08", "end": "00:27:15", "text": "bull market, you're buying because you're preparing for new all-time highs in Q1 of 2026. If you take a look at the ETH Bitcoin"}, {"start": "00:27:15", "end": "00:27:21", "text": "chart right now, because it had been declining significantly for quite some time, and now ETH seems to have"}, {"start": "00:27:21", "end": "00:27:27", "text": "stabilized. What do you make of this right now? Yeah, it it's definitely stabilized. I I"}, {"start": "00:27:27", "end": "00:27:32", "text": "I need to look more at this one here um to get a you know better perception. We"}, {"start": "00:27:32", "end": "00:27:38", "text": "don't have a bull trend, right? So again, I I don't want to Oh, this is a 4-hour chart. Excuse me. Let me back out here towards the weekly chart."}, {"start": "00:27:38", "end": "00:27:46", "text": "We we don't have a bull trend here either, right? I I would say you're going to feel really good once we clear about 057, the highs we had back in June"}, {"start": "00:27:46", "end": "00:27:52", "text": "of 2024. But you do have Okay, you do have a bull trend on smaller time frames. I was looking at the 4-hour chart. We had this nice correction here."}, {"start": "00:27:52", "end": "00:27:58", "text": "Let me let me just see here what our indicators are kind of saying. uh weekly chart, not a buy signal yet, but very"}, {"start": "00:27:58", "end": "00:28:03", "text": "close. That oscillator looks like we have some bullish divergence and it's slowly starting to round over right"}, {"start": "00:28:03", "end": "00:28:09", "text": "there. Yeah, bullish divergence because of that little low right in there. So, bullish divergence, a rounding over. We"}, {"start": "00:28:09", "end": "00:28:14", "text": "don't have a weekly buy signal, but I'm going to assume the daily chart is either triggering or yep, there we go."}, {"start": "00:28:14", "end": "00:28:19", "text": "We have a daily buy signal. Very, very good sign. That would suggest to me we should have a pop. We're already"}, {"start": "00:28:19", "end": "00:28:25", "text": "starting this rally, but we should have a nice pop back up. I'm going to put this uh at the minimum here when I get"}, {"start": "00:28:25", "end": "00:28:32", "text": "this indicator to pop up. I'm going to look right here at this resistance 035 that just for the daily chart. If we"}, {"start": "00:28:32", "end": "00:28:38", "text": "break through that one and the weekly starts to go bullish again, weekly buy signals so far have been very very good"}, {"start": "00:28:38", "end": "00:28:44", "text": "at having explosive moves in the rest of the crypto space. While resistance at 04 would make sense, this is one that I"}, {"start": "00:28:44", "end": "00:28:50", "text": "think once that weekly buy signal confirms, I I do actually think this one could start to make that major move up"}, {"start": "00:28:50", "end": "00:28:56", "text": "back towards all-time highs for ETH over Bitcoin dominance. This is one that's talked"}, {"start": "00:28:56", "end": "00:29:03", "text": "about a lot. Bitcoin dominance starting to falter slightly. How does that play into the market?"}, {"start": "00:29:03", "end": "00:29:09", "text": "Well, I'll tell you this, Paul. You've you've been watching this longer than me. Have you ever seen a sustained a day"}, {"start": "00:29:09", "end": "00:29:18", "text": "or two is not a big deal. Have you ever seen a sustained time period where Bitcoin and Bitcoin dominate?"}, {"start": "00:29:19", "end": "00:29:24", "text": "I mean, altcoin season happened, right? Altcoin seasons where altcoins go berserk and Bitcoin corrects for a short"}, {"start": "00:29:24", "end": "00:29:29", "text": "period of time is one place. But I I was showing my community the other day as well. We if you think we're in a bare"}, {"start": "00:29:29", "end": "00:29:36", "text": "market based off this chart, I don't know what you're expecting to come next because bare markets start when it's"}, {"start": "00:29:36", "end": "00:29:42", "text": "extremely low. Bull markets start when it gets extremely high. Right now, we"}, {"start": "00:29:42", "end": "00:29:47", "text": "have sustained and confirmed on the weekly chart a lower high confirming a"}, {"start": "00:29:47", "end": "00:29:53", "text": "bare trend on the Bitcoin dominance chart. And it's just a weird world to think that we're going to watch a bare"}, {"start": "00:29:53", "end": "00:30:00", "text": "market happen and at the same time watch Bitcoin dominance continue to trend down towards the 50. This will happen during"}, {"start": "00:30:00", "end": "00:30:05", "text": "a bull trend, not during a bare trend. So this is another there's a handful. I think I have like eight or nine reasons"}, {"start": "00:30:05", "end": "00:30:10", "text": "right now that I'm still extremely bullish. This is one of them. Yeah, this is still screaming at me bottom is"}, {"start": "00:30:10", "end": "00:30:17", "text": "in or close. Last token. Uh, let's go into Salana real quick because this is another one that I think a lot of viewers on our"}, {"start": "00:30:17", "end": "00:30:22", "text": "channel and probably yours are concerned about. Salana, nice little move here over the last day or two. What do you"}, {"start": "00:30:22", "end": "00:30:29", "text": "like? Well, this is one I think I actually said on your show a couple weeks ago. I had a couple targets. I I I it's funny."}, {"start": "00:30:29", "end": "00:30:34", "text": "All three of them were hit. I I had a target here at 171. We had a short-term bounce. I had a target down here. Didn't"}, {"start": "00:30:34", "end": "00:30:42", "text": "quite actually didn't say 146. I think I said 150. Bounced close to 150. But I told people, hey, be prepared that maybe"}, {"start": "00:30:42", "end": "00:30:50", "text": "Solana is going to have a reason to drop down here towards 130. Not only is that the golden pocket on the Fibonacci, this"}, {"start": "00:30:50", "end": "00:30:57", "text": "also was this large formation in play. That is called a rising wedge pattern. When you get that breakout, it suggests"}, {"start": "00:30:57", "end": "00:31:03", "text": "127ish 130ish was a target to watch. We officially now have closed my lowest"}, {"start": "00:31:03", "end": "00:31:08", "text": "target there. And we're starting to get the buy signals creeping back in on these lower charts. daily chart"}, {"start": "00:31:08", "end": "00:31:14", "text": "extremely oversold right here on the RSI. We're starting to get a rounding over uh you know we're going to be a little bit away from a weekly buy signal"}, {"start": "00:31:14", "end": "00:31:20", "text": "which will give me extreme confidence but you are starting to see the 4 hour, the 1 hour, the 12 hour and slowly but"}, {"start": "00:31:20", "end": "00:31:28", "text": "surely the day hour turned bullish the day hour the daily chart turned bullish. Yeah. Um after hitting that major support"}, {"start": "00:31:28", "end": "00:31:35", "text": "again I I think Solana it either bottomed out the other day or it's extremely close."}, {"start": "00:31:35", "end": "00:31:40", "text": "Yeah. the other day being right there at 129 I guess 12960 uh which is where we"}, {"start": "00:31:40", "end": "00:31:46", "text": "are right now on the 4 hour uh it's looking pretty good because we've had uh just a slew of green"}, {"start": "00:31:46", "end": "00:31:53", "text": "candles. So uh listen there's a lot to watch right now guys. There's a lot of news going to continue to hit. Um we're going to keep"}, {"start": "00:31:53", "end": "00:31:58", "text": "this one tight. Uh we'll definitely bring Tim back on. We'll cover some more uh in terms of altcoin portfolios to"}, {"start": "00:31:58", "end": "00:32:04", "text": "maybe look at for next year. Uh how to deal with end of year strategies. All that good stuff is going to be coming up"}, {"start": "00:32:04", "end": "00:32:10", "text": "soon. Make sure and subscribe if you haven't hit Tim's channel. Make do make sure and do that. Tim, thanks so much for coming in."}, {"start": "00:32:10", "end": "00:32:16", "text": "Absolutely. Thanks for having me, Paul. You bet. All right, you guys know what to do. Uh, become a Diamond Circle"}, {"start": "00:32:16", "end": "00:32:21", "text": "member. It is the place where you guys can get additional content from us. We always leave a link down below. Catch me"}, {"start": "00:32:21", "end": "00:32:28", "text": "on XP, Paul Baron. We'll catch you next time right here on the Paul Baron Show."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Is Ethereum on a fire sale and could the market be setting up for something pretty good? We'll take a look at it"}, {"start": "00:00:05", "end": "00:00:10", "text": "today. You don't want to miss it. Let's just jump right into it and take a look at the chart. Of course, as we are"}, {"start": "00:00:10", "end": "00:00:16", "text": "recording, ETH is now dipped under 3,000, holding at a 29.89 on the daily."}, {"start": "00:00:16", "end": "00:00:22", "text": "We'll continue to look at this because obviously this is a big momentum shift from what we've seen in the market over"}, {"start": "00:00:22", "end": "00:00:28", "text": "a little bit of time. And one thing around the Ethereum ecosystem that we continue to watch is what's happening in"}, {"start": "00:00:28", "end": "00:00:34", "text": "the digital asset treasuries. Uh we wanted to bring on one of our partners and of course that is Mr. Charles coming"}, {"start": "00:00:34", "end": "00:00:39", "text": "in from uh BTCS. How are you Charles? Good Paul. Thanks for having me back."}, {"start": "00:00:39", "end": "00:00:46", "text": "Yeah, you're like a regular now. So it's good to have you uh kind of settling the markets as we start to see a lot of"}, {"start": "00:00:46", "end": "00:00:52", "text": "activity uh happening right now. I wanted to kind of go to a couple of points. one is first of all privacy"}, {"start": "00:00:52", "end": "00:00:59", "text": "tokens have started to shift a little bit in terms of popularity. Uh this was over from one of the guys at bank list."}, {"start": "00:00:59", "end": "00:01:05", "text": "They were talking about this uh in terms of Zcash kind of jumping up which kind of had already started to see a little"}, {"start": "00:01:05", "end": "00:01:11", "text": "bit of activity but this could be a little bit of a play on Ethereum. Do you"}, {"start": "00:01:11", "end": "00:01:16", "text": "think the shift from Bitcoin to privacy because we know a lot of these uh"}, {"start": "00:01:16", "end": "00:01:23", "text": "Bitcoin, you know, whales are starting to move into privacy tokens. Do you think that is going to be a benefit to"}, {"start": "00:01:23", "end": "00:01:29", "text": "Ethereum long term? We we'll see. I mean, I think privacy tokens are kind of its own they're the"}, {"start": "00:01:29", "end": "00:01:35", "text": "own unique coin, right? I mean, obviously, stable coins with the Genius Act is going to be huge on Ethereum."}, {"start": "00:01:35", "end": "00:01:42", "text": "The the ability to have private money, I think, is really important. Um, I think that's kind of at odds a little bit with"}, {"start": "00:01:42", "end": "00:01:49", "text": "regulation. So, we'll see how this plays out over over time. I mean, there was Zcash and there was a bunch of other,"}, {"start": "00:01:49", "end": "00:01:55", "text": "you know, other privacy tokens that were very big some years back that are, you know, regaining some steam. Uh, so I I"}, {"start": "00:01:55", "end": "00:02:01", "text": "think what you know, time will tell. Overall, I'm I remain, you know, highly bullish on Ethereum, whether it's stable"}, {"start": "00:02:01", "end": "00:02:08", "text": "coins being built on that or, you know, privacy layers being added. Well, I think the point is is that this"}, {"start": "00:02:08", "end": "00:02:13", "text": "kind of helps foster up the ecosystem of what Ethereum has been built on, you"}, {"start": "00:02:13", "end": "00:02:19", "text": "know, to the point of especially to the point of Zcash. Other things that are happening right now that are more"}, {"start": "00:02:19", "end": "00:02:25", "text": "macrocentered, of course, is the news right here where banks are now borrowing another 50 billion. Let me kind of zoom"}, {"start": "00:02:25", "end": "00:02:33", "text": "in on that for you. 50 billion from the Fed standing repo facility. This of course was a pretty alarming uh data"}, {"start": "00:02:33", "end": "00:02:39", "text": "point that came across and of course it was kind of an emergency meeting. What do you make of this? Is this something that we should be looking at and be"}, {"start": "00:02:39", "end": "00:02:46", "text": "concerned about? Well, I I think the markets have softened, right? Labor markets are weaker. Um I expect we'll probably get a"}, {"start": "00:02:46", "end": "00:02:52", "text": "a Fed rate cut in December. So, as markets weaken, the environment becomes"}, {"start": "00:02:52", "end": "00:02:58", "text": "really riskoff, right? And I think we're seeing that through a lot of tech companies. Definitely all of the the"}, {"start": "00:02:58", "end": "00:03:04", "text": "crypto companies are are taking a hit and it's just a cycle, right? We've seen these cycles in the past. Um you know"}, {"start": "00:03:04", "end": "00:03:10", "text": "whether this is near the bottom the bottom will will you know TBD but um"}, {"start": "00:03:10", "end": "00:03:15", "text": "yeah I I don't I don't think the you know the economyy's softened but it's not in a terrible position."}, {"start": "00:03:15", "end": "00:03:22", "text": "All right. So you mentioned rate cut December. Well if you look at the polyarket data today it was edging back"}, {"start": "00:03:22", "end": "00:03:28", "text": "up to where it might be no rate cut. uh even though it's at kind of a a you know"}, {"start": "00:03:28", "end": "00:03:34", "text": "basically flip a token and figure out if it's going to happen, but you're thinking we might get a quarter uh basis"}, {"start": "00:03:34", "end": "00:03:40", "text": "point in December. Yeah. I mean, obviously no more than that, but I I think that's possible."}, {"start": "00:03:40", "end": "00:03:45", "text": "We'll see though. I mean, it's I mean, you've got the the the data right there. I mean, that's a pretty good indicator"}, {"start": "00:03:45", "end": "00:03:51", "text": "of, you know, where the pulse is, where everybody's Yeah, it's on a I don't know is what"}, {"start": "00:03:51", "end": "00:03:57", "text": "everybody's saying. that everybody's saying I don't know and I'm a little bit worried because it's now going"}, {"start": "00:03:57", "end": "00:04:03", "text": "headtohead with no change in a quarter basis point and remember we got this uh meeting then of course we go into"}, {"start": "00:04:03", "end": "00:04:10", "text": "January I think it's the 28th and then we skip February and we roll into the March meeting so this is a very critical"}, {"start": "00:04:10", "end": "00:04:17", "text": "point for the Fed uh especially going into 2026 I think this is the thing that is going to be critical for how do the"}, {"start": "00:04:17", "end": "00:04:24", "text": "markets actually react to it micro strategy down from what was a high at around 456 six. This was back in July."}, {"start": "00:04:24", "end": "00:04:29", "text": "Holding right now at about 190. Um, that's a that obviously is a pretty big"}, {"start": "00:04:29", "end": "00:04:34", "text": "shift in the dynamic of what Sailor's doing. Strategy adding 836 million in"}, {"start": "00:04:34", "end": "00:04:40", "text": "Bitcoin. So, uh, continuing to scoop up and we didn't really see much of a movement on the market. If you saw this"}, {"start": "00:04:40", "end": "00:04:45", "text": "kind of move on Ethereum, you would think the price would react. Why do you think that has been the case? I"}, {"start": "00:04:45", "end": "00:04:50", "text": "I think it's the same thing. It's just rest off, right? investors are um you"}, {"start": "00:04:50", "end": "00:04:56", "text": "know are going to play the market versus looking at the long-term fundamentals. And so I think that's that that's a big"}, {"start": "00:04:56", "end": "00:05:02", "text": "function we have to look at is investors aren't going to say hey I we believe in Bitcoin in the long run we're just going to buy and hold it right"}, {"start": "00:05:02", "end": "00:05:07", "text": "um you know now that it's been institutionalized uh both you know really all the big cryptos whether"}, {"start": "00:05:07", "end": "00:05:13", "text": "there's if there's a an equity wrapper around them whether that's an ETF or a DAT"}, {"start": "00:05:13", "end": "00:05:18", "text": "I think these typical four-year cycles that we would see around like the Bitcoin having or you know the the the"}, {"start": "00:05:18", "end": "00:05:25", "text": "alt season that's kind of gone and now it's just more of a macroeconomic event of as Is it risk on or is it risk off?"}, {"start": "00:05:25", "end": "00:05:31", "text": "Where are the institutions putting their money? Where are they where are they cycling in out of? And that that's what's going to move the needle. And so I think that's what we're seeing"}, {"start": "00:05:31", "end": "00:05:39", "text": "in in the crypto. That is that is definitely a shift in uh theory for crypto because you're right,"}, {"start": "00:05:39", "end": "00:05:46", "text": "a lot of it has been very cyclical. To your point, if it is starting to move to a macro environment, this gets very"}, {"start": "00:05:46", "end": "00:05:52", "text": "interesting quick because obviously news is a big catalyst for that, but also how the traditional markets are tying into"}, {"start": "00:05:52", "end": "00:05:59", "text": "this. And of course that that plays into what you're saying around DATs and uh ETFs. I'm looking here at your Q3"}, {"start": "00:05:59", "end": "00:06:05", "text": "earnings. Kudos to you guys. You guys uh generated a recordbreaking"}, {"start": "00:06:05", "end": "00:06:11", "text": "uh almost 5 million in revenue increase 568% uh continuing to grow. Can you maintain"}, {"start": "00:06:11", "end": "00:06:17", "text": "this? I mean this would be a really good thing for you guys if you can maintain it. Yeah, I mean it's obviously a little"}, {"start": "00:06:17", "end": "00:06:25", "text": "bit more challenging with the, you know, depressed crypto prices because we're our revenue is is denominated in ETH."}, {"start": "00:06:25", "end": "00:06:32", "text": "With that said, um, you know, I have to be somewhat cautious in what I say here, we're we're very optimistic about, um,"}, {"start": "00:06:32", "end": "00:06:39", "text": "you know, Q4. Like if you just look at the publicly available information, right, 80% of all of the capital we raised in"}, {"start": "00:06:39", "end": "00:06:44", "text": "the last 11 years came in Q3. And so over that over that quarter, we we were"}, {"start": "00:06:44", "end": "00:06:50", "text": "it didn't come the beginning of the quarter, it came throughout the quarter. Okay. And so that wasn't even fully deployed."}, {"start": "00:06:50", "end": "00:06:58", "text": "So Q4 will be our first um our first quarter with all of our capital fully"}, {"start": "00:06:58", "end": "00:07:05", "text": "deployed. And so even despite the pullback in and the price of Ethereum, we're very optimistic about, you know,"}, {"start": "00:07:05", "end": "00:07:10", "text": "what what could happen in Q4 and then really Q1 next year if if we're looking"}, {"start": "00:07:10", "end": "00:07:16", "text": "out. And I know that's it it's a it's a it's a long way but in public you know for kind of doing things on a quarterly"}, {"start": "00:07:16", "end": "00:07:21", "text": "basis. There's a lot of new things that we've introduced. So this quarter we announced Imperium. It's a whole new you"}, {"start": "00:07:21", "end": "00:07:27", "text": "know uh revenue stream in addition to our node ops which is staking and block building. So now we have a third revenue"}, {"start": "00:07:27", "end": "00:07:32", "text": "stream that's going to complement the other two. And you know as that gains steam I think"}, {"start": "00:07:32", "end": "00:07:38", "text": "we're you know we're in a really unique position especially compared to many of our peers. Well, I think a lot of people"}, {"start": "00:07:38", "end": "00:07:44", "text": "don't realize that BTCS, one of the significant node operators out there in"}, {"start": "00:07:44", "end": "00:07:51", "text": "terms of operating for ETH transactions, which is a huge advantage for you guys, which gets into what you're doing around"}, {"start": "00:07:51", "end": "00:07:58", "text": "your ETH holdings itself, which continues to accelerate. And I think to your point, this diversity that you're"}, {"start": "00:07:58", "end": "00:08:04", "text": "building into your revenue operations, this really sets you guys apart from a lot of other DAC companies. Uh, for"}, {"start": "00:08:04", "end": "00:08:10", "text": "sure. So when you look at that and you look at an investor and they kind of"}, {"start": "00:08:10", "end": "00:08:15", "text": "look at DATs in general, they see BTCS and others, you guys have all these"}, {"start": "00:08:15", "end": "00:08:22", "text": "caveats that are beneficial to revenue generation. Are you do you think you're getting credit for that yet?"}, {"start": "00:08:22", "end": "00:08:28", "text": "No. And and I think a lot of people just don't know. I mean, first thing is a lot of people will look at our name and be like, it's a Bitcoin company, right? So,"}, {"start": "00:08:28", "end": "00:08:33", "text": "we kind of start there. Even though it stands for, you know, blockchain technology consensus solutions, you"}, {"start": "00:08:33", "end": "00:08:40", "text": "know, albeit a mouthful, what I think they don't realize, and we're starting to see this now that we're um, you know, we got into like the"}, {"start": "00:08:40", "end": "00:08:46", "text": "200 million market cap range. We're above 100 million. We're getting institutions that will look us and say, \"Okay, this isn't a $30 million market"}, {"start": "00:08:46", "end": "00:08:52", "text": "cap company. We can we can actually have a look at it. There's liquidity.\" And when we're having those discussions, they're like, \"Oh, you mean you don't"}, {"start": "00:08:52", "end": "00:08:58", "text": "just go buy ETH and hold it?\" It's like no, you don't just go give it to Figment or Block Demon or or Galaxy to to manage"}, {"start": "00:08:58", "end": "00:09:05", "text": "traditions are internal and we're, you know, building those out to be complimentary"}, {"start": "00:09:05", "end": "00:09:10", "text": "to each other. And so I think that's where, you know, we've got a big head start is that we've got a whole, you"}, {"start": "00:09:10", "end": "00:09:16", "text": "know, we're building in the Ethereum digital ecosystem to generate, you know, scalable revenue growth."}, {"start": "00:09:16", "end": "00:09:22", "text": "That's interesting because uh when I analyze this, if you guys want to, you can do this yourself. Just jump over to"}, {"start": "00:09:22", "end": "00:09:28", "text": "strategic ETH reserve. And if you go over here to this M uh MNAV section, I want to showcase something here for you"}, {"start": "00:09:28", "end": "00:09:33", "text": "because I think it's kind of patting you guys on the back, is that right now you've got one of the lowest out there"}, {"start": "00:09:33", "end": "00:09:38", "text": "in terms of MNAVs in comparison, at least in the ability to bounce. If we"}, {"start": "00:09:38", "end": "00:09:45", "text": "get a a recovery here, which I think we might, this may be one of the best buys out there in terms of a digital asset"}, {"start": "00:09:45", "end": "00:09:51", "text": "treasury with all the things that you guys have going for you uh for sure. So,"}, {"start": "00:09:51", "end": "00:09:57", "text": "you guys pay attention because I think we're going to see more of them. And look at this data right here. This I wanted to show you. This is ETH"}, {"start": "00:09:57", "end": "00:10:02", "text": "exceeding uh Bitcoin in terms of treasury companies by share of supply."}, {"start": "00:10:02", "end": "00:10:10", "text": "So, look at this growth here. Do you feel like we're going to see a dynamic shift here now onto Ethereum as the"}, {"start": "00:10:10", "end": "00:10:18", "text": "narrative for crypto as opposed to Bitcoin being the narrative? I I do and there's a few reasons. One,"}, {"start": "00:10:18", "end": "00:10:23", "text": "the Ethereum has two two kind of advantages, right? One is utility. Bitcoin really doesn't have a lot of"}, {"start": "00:10:23", "end": "00:10:30", "text": "utility compared to Ethereum in terms of being able to build stable coins on top of it like Tether. to from a from a price perspective, I"}, {"start": "00:10:30", "end": "00:10:37", "text": "know ETH is down, but if you look from like 2016 on, Ethereum is out substantially outperformed Bitcoin. So,"}, {"start": "00:10:37", "end": "00:10:44", "text": "if you take it from a utility standpoint and performance standpoint, it's done better. And then it's a yield, you know,"}, {"start": "00:10:44", "end": "00:10:50", "text": "you can generate revenue in a digital economy on it. So, if you're if you're saying, \"Hey, I'm going to throw some Bitcoin on my balance sheet and I hope"}, {"start": "00:10:50", "end": "00:10:57", "text": "my stock's going to go up.\" That's not really going to work. Like, that game's been played. Michael Michael is obviously the the king of um you know"}, {"start": "00:10:57", "end": "00:11:05", "text": "the king of the hill in terms of doing this at scale, but there's no way for him to really generate revenue off of his Bitcoin. He"}, {"start": "00:11:05", "end": "00:11:12", "text": "needs to you know slice and dice his cap table in order to um you know raise more"}, {"start": "00:11:12", "end": "00:11:17", "text": "more more funds to increase his Bitcoin supply. Yeah. And I think this is one of the"}, {"start": "00:11:17", "end": "00:11:23", "text": "things that is the the knock on what Micro Strategy has been able to do and also maybe why we've seen the market"}, {"start": "00:11:23", "end": "00:11:29", "text": "kind of correct even though Bitcoin of course has been in a precarious situation as well. If you guys have not"}, {"start": "00:11:29", "end": "00:11:35", "text": "checked out BTCS, I want you to go over to their website and go to forinvestors because there I know there's a lot of"}, {"start": "00:11:35", "end": "00:11:41", "text": "people that are looking into DATs right now and I'd look at their investor presentation. It's because it's very uh"}, {"start": "00:11:41", "end": "00:11:47", "text": "comprehensive on how everything is done within BTCS. So you guys do a great job"}, {"start": "00:11:47", "end": "00:11:53", "text": "on educating investors. We're at a point right now, Charles, and I'm wondering"}, {"start": "00:11:53", "end": "00:11:58", "text": "when you look at Wall Street as it is, back to your point earlier, where institution is starting to look at this."}, {"start": "00:11:58", "end": "00:12:05", "text": "What about high net worth individuals, family offices, what we're seeing now with a lot of the money managers, are"}, {"start": "00:12:05", "end": "00:12:11", "text": "they starting to look at debts as well? Um, they are. And I think it's more the"}, {"start": "00:12:11", "end": "00:12:16", "text": "process starts with should we have crypto? So if you take like a typical registered investment advisor, what are"}, {"start": "00:12:16", "end": "00:12:22", "text": "they going to tell their clients? And they they really have to tell their clients at this point that you know, you"}, {"start": "00:12:22", "end": "00:12:28", "text": "need exposure to um the the three biggest themes so far in the century. So the first was the internet. You need"}, {"start": "00:12:28", "end": "00:12:34", "text": "exposure back then and hopefully you didn't buy pets.com. You bought something good. Um but you you want"}, {"start": "00:12:34", "end": "00:12:41", "text": "exposure there. You want some exposure to AI and you're going to want exposure to to the blockchain technology. And so"}, {"start": "00:12:41", "end": "00:12:47", "text": "once you start looking at how do you do that when you we'll skip AI and you know the internet those are you know other"}, {"start": "00:12:47", "end": "00:12:52", "text": "other companies can provide that exposure you really have ETFs which are a one for one or you can go on"}, {"start": "00:12:52", "end": "00:12:58", "text": "chain or alternatively you know hopefully we're a part of that discussion of"}, {"start": "00:12:58", "end": "00:13:04", "text": "you should look at a you know public company that's going to drive scalable revenue and and acquire and have more"}, {"start": "00:13:04", "end": "00:13:09", "text": "ETH and more growth than you otherwise would just holding the underlying asset and that's where where our goal is to"}, {"start": "00:13:09", "end": "00:13:15", "text": "come into play is that we can do you know that the alpha in our stock should be driven by operations not hey we just"}, {"start": "00:13:15", "end": "00:13:22", "text": "you know we have 70,000 ETH that's worth you know 100 million plus right that's not yeah that's interesting but it's not"}, {"start": "00:13:22", "end": "00:13:28", "text": "um I think investors want more than that and that's what we're hoping to deliver but institutions I've talked to are now"}, {"start": "00:13:28", "end": "00:13:34", "text": "starting to realize especially in this regulatory environment that it's it's pro crypto that they're not going to get"}, {"start": "00:13:34", "end": "00:13:41", "text": "in trouble for having a piece that they need anywhere from 1 to 5% of their portfolio allocation in uh crypto and"}, {"start": "00:13:41", "end": "00:13:47", "text": "blockchain based um companies or exposure. So, it's just a matter of time before we"}, {"start": "00:13:47", "end": "00:13:53", "text": "start to see really big numbers starting to on board, especially if we see a correction in the liquidity side of"}, {"start": "00:13:53", "end": "00:13:59", "text": "things going outside of if we get back down to low rates. Obviously, that's going to indicate a lot of potential"}, {"start": "00:13:59", "end": "00:14:05", "text": "movement here for the market. Other big news out there that I wanted to kind of get your opinion on, this was a"}, {"start": "00:14:05", "end": "00:14:12", "text": "launching their app. A I know you guys are using it as a platform. So this of course kind of rises all you know what"}, {"start": "00:14:12", "end": "00:14:17", "text": "is it the this rises tides for all it rises tide lifts all shifts. Yep."}, {"start": "00:14:17", "end": "00:14:23", "text": "So this is good for a it's good for Ethereum. Uh is this good for companies"}, {"start": "00:14:23", "end": "00:14:29", "text": "like you who are leveraging this ecosystem for gains? I I think so. And and and this kind of"}, {"start": "00:14:29", "end": "00:14:36", "text": "comes back to what what a does. I mean I always say like imagine if you took a bank and fired all the people and closed"}, {"start": "00:14:36", "end": "00:14:41", "text": "all the brick and mortar stores and you took that process and wrote it into code"}, {"start": "00:14:41", "end": "00:14:49", "text": "and then put it on the internet so it was globally accessible. That's basically what a does. So adding an app is a is is an additional way to to drive"}, {"start": "00:14:49", "end": "00:14:55", "text": "adoption. Um adding the be the ability to have other real world assets that can"}, {"start": "00:14:55", "end": "00:15:01", "text": "be you know posted as collateral and borrow against. think, you know, your car, your house, it's not there yet, but"}, {"start": "00:15:01", "end": "00:15:06", "text": "I mean, this is where this is going is that you basically eliminate all the middlemen. I if you think about how much"}, {"start": "00:15:06", "end": "00:15:13", "text": "money Mastercard and Visa make in American Express on like just processing a transaction. If you can start to"}, {"start": "00:15:13", "end": "00:15:18", "text": "disintermediate all of the, you know, the banks, the credit card companies, you know, escrow"}, {"start": "00:15:18", "end": "00:15:25", "text": "agents, etc. across the board. And more likely than not, a lot of these institutions will realize that this"}, {"start": "00:15:25", "end": "00:15:32", "text": "change is coming and they'll adopt the technology in the back end and just lower their fees a bit, but we'll keep their margins. Um, it it's really going"}, {"start": "00:15:32", "end": "00:15:39", "text": "to provide an amazing service for consumers, right? And for for the for the for the global economy"}, {"start": "00:15:39", "end": "00:15:45", "text": "to be able to transact. I mean, just look at look at what Tether's done in terms of tokenizing the US dollars. The"}, {"start": "00:15:45", "end": "00:15:51", "text": "majority of that's on Ethereum. You now have countries that like Argentina where"}, {"start": "00:15:51", "end": "00:15:58", "text": "people are using tokenized dollars. So we're able to export our dollar and others can can transact in real time 247"}, {"start": "00:15:58", "end": "00:16:04", "text": "with a currency that's much more stable than their local currency. Well, and I think this also people don't"}, {"start": "00:16:04", "end": "00:16:11", "text": "realize the the early stage in which this is happening. We haven't really seen full tokenized asset movement yet."}, {"start": "00:16:11", "end": "00:16:16", "text": "We haven't seen the amount of what could be a revolution around payments which"}, {"start": "00:16:16", "end": "00:16:22", "text": "will get into the ETH ecosystem. If you look at just what's happening with Fusaka, this of course is another Yeah,"}, {"start": "00:16:22", "end": "00:16:29", "text": "this is getting ready to launch here in just a few weeks. And this is only going to accelerate the use. I know the fees will be lower."}, {"start": "00:16:29", "end": "00:16:35", "text": "People would say, well, if you're a validator, fees are going to be lower. Yeah. Well, it's like anything, fees are lower, but transactions are higher,"}, {"start": "00:16:35", "end": "00:16:42", "text": "you know, because you're going to start to open up an opportunity here. So it's really going to 10x transactions or more"}, {"start": "00:16:42", "end": "00:16:48", "text": "and that is in the early days. Is this a good thing for you as a validator?"}, {"start": "00:16:48", "end": "00:16:54", "text": "This is huge. I mean the more the more that goes on chain, the more that gets built on ETH is is amazing. And I think"}, {"start": "00:16:54", "end": "00:17:02", "text": "what we're seeing now is is you know the it's it's a it's a fire sale right now. macroeconomic events that are putting us"}, {"start": "00:17:02", "end": "00:17:08", "text": "in a risk uh riskoff environment and so the prices are are depreciated. But if"}, {"start": "00:17:08", "end": "00:17:14", "text": "you just look at where the world is going, we had 10 like the US dominates the the the pretty much the global"}, {"start": "00:17:14", "end": "00:17:19", "text": "economy, right? I think we're 25% of the um the dollars are 25% of um like global"}, {"start": "00:17:19", "end": "00:17:27", "text": "GDP, right? It's like 60% of all financial transactions. So, we've had 10 years of the administration, various"}, {"start": "00:17:27", "end": "00:17:33", "text": "administrations trying to basically hold crypto down, right? This is crypto iss for illicit use. Um, it's not, it"}, {"start": "00:17:33", "end": "00:17:40", "text": "doesn't serve a good purpose. The reality is that's not the truth. And so moving forward, we're, you know, we're"}, {"start": "00:17:40", "end": "00:17:48", "text": "barely close to one year into a new administration where we are 100% behind"}, {"start": "00:17:48", "end": "00:17:54", "text": "adopting blockchain and the money is just starting to flow and the things are starting to get built, but nothing's really been fully"}, {"start": "00:17:54", "end": "00:18:00", "text": "deployed at scale on a global basis. And so I think there's there's a lot of room"}, {"start": "00:18:00", "end": "00:18:05", "text": "uh to grow over the coming years. And I the best example is just go to go to the SEC's website. If you if you go there"}, {"start": "00:18:05", "end": "00:18:12", "text": "today, you'll see a promotional video from Paul Atkins on how we're gonna, you know, tokenize securities and and"}, {"start": "00:18:12", "end": "00:18:17", "text": "bizarre this stuff's gonna be tokenized on the blockchain and and we're pro-"}, {"start": "00:18:17", "end": "00:18:24", "text": "innovation. If you if you just go, was it the internet machine or something where you can go back and look at past websites? I think you go back a year and"}, {"start": "00:18:24", "end": "00:18:31", "text": "you'll see at the top of the website, Y's website, it was in bold red letters, beware of crypto scams. They'll take all your"}, {"start": "00:18:31", "end": "00:18:38", "text": "money. And it's, you know, it was it was it's completely night and day. And so I think, you know, when when you have that"}, {"start": "00:18:38", "end": "00:18:44", "text": "kind of restart, it really is a beginning as opposed to, you know, it's it's a complete start of all of these"}, {"start": "00:18:44", "end": "00:18:50", "text": "things that can happen. Well, I think to your point is the potential here for kind of where the"}, {"start": "00:18:50", "end": "00:18:57", "text": "market is going is pretty crazy in terms of opportunity. Um, I wanted to bring up a clip here because this is this is a"}, {"start": "00:18:57", "end": "00:19:02", "text": "question we get often and that is, \"Do digital asset treasuries need to trade"}, {"start": "00:19:02", "end": "00:19:09", "text": "in tandem with what the core asset is?\" Now, granted, you guys are a little bit different because you do so many other"}, {"start": "00:19:09", "end": "00:19:14", "text": "things that are revenue generating, but I want to play this clip for Tom from Tom Lee and then I want to get your"}, {"start": "00:19:14", "end": "00:19:20", "text": "opinion on it. Let's take a look. If I'm going to see money flow into Bitcoin or"}, {"start": "00:19:20", "end": "00:19:25", "text": "crypto treasuries, wouldn't it then come out of the actual"}, {"start": "00:19:25", "end": "00:19:31", "text": "pure play coin itself? Uh, not exactly, Scott. For instance,"}, {"start": "00:19:31", "end": "00:19:36", "text": "when Bitmine uh has shareholders and institutional capital comes in and you"}, {"start": "00:19:36", "end": "00:19:42", "text": "know JP Morgan, Invesco, Black Rockck are buying big stakes, then that capital"}, {"start": "00:19:42", "end": "00:19:48", "text": "is then used to buy Ethereum. So it's it's actually going back into the"}, {"start": "00:19:48", "end": "00:19:55", "text": "ecosystem, but then it's going into a vehicle like Bitmine that's actually a permanent holder. So in a way, a crypto"}, {"start": "00:19:55", "end": "00:20:02", "text": "treasury is actually a a pretty attractive equity because there's a you know income component plus there's of"}, {"start": "00:20:02", "end": "00:20:09", "text": "course that ability to grow your Ethereum holdings per share. So I mean there's Tom Lee. he's uh he's"}, {"start": "00:20:09", "end": "00:20:14", "text": "preaching your book in in a way and that is uh that you've got the ability to"}, {"start": "00:20:14", "end": "00:20:21", "text": "drive revenue that of course increases the revenue per share which is a big deal for all investors going forward. Um"}, {"start": "00:20:21", "end": "00:20:28", "text": "what do you make of his analysis there? Do you agree with it? I I do. I mean I think where he's right"}, {"start": "00:20:28", "end": "00:20:34", "text": "is there's all this institutional capital that doesn't have access to crypto and so that's going to you know flow through the traditional rails,"}, {"start": "00:20:34", "end": "00:20:43", "text": "right? there may be hedge funds or family offices or large institutions that are not able to go into crypto"}, {"start": "00:20:43", "end": "00:20:49", "text": "um and so for them they but they can go into an equity it's within their mandate so I think there's it makes sense to"}, {"start": "00:20:49", "end": "00:20:57", "text": "have a you know an equity wrapper around crypto I think the bigger issue though and this is where you know I wonder like it at"}, {"start": "00:20:57", "end": "00:21:04", "text": "their size they're they've been trading above their net asset value for for quite some time when others weren't"}, {"start": "00:21:04", "end": "00:21:09", "text": "now I'm not So sure, I haven't looked today. I mean, it it moves on a daily basis, but I think it's going to be very"}, {"start": "00:21:09", "end": "00:21:15", "text": "hard as there become more and more um public rappers around crypto to justify"}, {"start": "00:21:15", "end": "00:21:21", "text": "trading at a premium to what you have if all you do is hold the underlying, right? Because then you can go buy."}, {"start": "00:21:21", "end": "00:21:27", "text": "Now, the difference between like a like a traditional, you know, plain vanilla DAT and an ETF is an ETF is not going to"}, {"start": "00:21:27", "end": "00:21:35", "text": "be able to deploy all that capital into staking. They're going to need to keep some keep more liquidity. uh they're not"}, {"start": "00:21:35", "end": "00:21:42", "text": "going to be able to put on leverage. There's a bunch of things they won't be able to do even if they can you know partially stake what they have. So there"}, {"start": "00:21:42", "end": "00:21:47", "text": "could be some advantages to ADAT there. But the question then is okay well what's the what's the equivalent of like"}, {"start": "00:21:47", "end": "00:21:52", "text": "expense ratio? What's the cost to run that entity? Yeah. And what you will find is now there's"}, {"start": "00:21:52", "end": "00:21:57", "text": "you've provided an arbitrage mechanism for institutions to go say okay well I'll buy this and short that and they'll"}, {"start": "00:21:57", "end": "00:22:04", "text": "just collapse the opportunity. So unless you have a compelling um compelling operations that are going to drive, you"}, {"start": "00:22:04", "end": "00:22:10", "text": "know, scalable revenue and and and profit beyond just holding it and and staking,"}, {"start": "00:22:10", "end": "00:22:16", "text": "you're you're kind of at risk to get ARB to to NAV. That that's my concern, especially if you're on the smaller"}, {"start": "00:22:16", "end": "00:22:21", "text": "side. And so the way around that and this has been our view is let's build a"}, {"start": "00:22:21", "end": "00:22:27", "text": "you know highly scalable business within the Ethereum ecosystem that benefits by integrating these these core components"}, {"start": "00:22:27", "end": "00:22:32", "text": "the block building the the node ops and now Imperium are our our DeFi efforts"}, {"start": "00:22:32", "end": "00:22:39", "text": "where those things all collectively work together to drive you know a much a scalable revenue because that way"}, {"start": "00:22:39", "end": "00:22:44", "text": "hopefully this the the alpha and the stock will come from our operations not hey we just bought hundreds of millions"}, {"start": "00:22:44", "end": "00:22:49", "text": "of dollars worth of you know ETH and we're holding So, Charles, I mean, because that sounds"}, {"start": "00:22:49", "end": "00:22:55", "text": "to me based on what you're saying is that we could see an unwind of some of these digital asset treasury companies,"}, {"start": "00:22:55", "end": "00:23:02", "text": "which means that that could either be really good for companies like you, or it could also soften the DAT market."}, {"start": "00:23:02", "end": "00:23:09", "text": "What do you think's going to happen there if if we do see that unwind occur? I I don't see an unwind. Well, I don't I"}, {"start": "00:23:09", "end": "00:23:15", "text": "mean, I I see on unex people post, well, this company is going to go bankrupt. like none of these companies are going to go. It's going to be really hard for any of them to go under because they've"}, {"start": "00:23:15", "end": "00:23:21", "text": "raised so much money and they their infrastructure is so small. So you took a biotech company with, you know, three"}, {"start": "00:23:21", "end": "00:23:28", "text": "people working at it and you put a quart billion dollars or half a billion dollars into it and your operating cost"}, {"start": "00:23:28", "end": "00:23:34", "text": "goes up to, you know, $5 million and you're generating"}, {"start": "00:23:34", "end": "00:23:39", "text": "um you know what you're generating is, you know, maybe 15 or or or 10 or 15"}, {"start": "00:23:39", "end": "00:23:46", "text": "million a year off your staked assets. Like you have a profitable company. Unless you"}, {"start": "00:23:46", "end": "00:23:52", "text": "do very risky things and overlever, you're pretty much you're, you know, the only risk you have is that you're just"}, {"start": "00:23:52", "end": "00:23:58", "text": "not going to trade well and you're not going to be creating a lot of value for shareholders. But in terms of like going"}, {"start": "00:23:58", "end": "00:24:04", "text": "under and being forced to sell, you know, you don't really you don't get in a position where you're forced to"}, {"start": "00:24:04", "end": "00:24:10", "text": "sell unless you you have a convertible note that is, you know, putting you in that position or you have some other"}, {"start": "00:24:10", "end": "00:24:16", "text": "you some other financial structure. you shouldn't be in a position where you could just sit there all day unless you go just do something stupid, right?"}, {"start": "00:24:16", "end": "00:24:23", "text": "Yeah. Um so I don't I don't see anyone going away. I just I do see less money flowing to dads unless they can do something."}, {"start": "00:24:23", "end": "00:24:29", "text": "And the investors I talked to, they're really, you know, they're trying to compare all these different dats and"}, {"start": "00:24:29", "end": "00:24:34", "text": "the the the differences at the margin are very small. I I think we're we're"}, {"start": "00:24:34", "end": "00:24:40", "text": "very unique in that like when we start talking to people like we you know we have serious operations and we're making"}, {"start": "00:24:40", "end": "00:24:46", "text": "an effort to grow those and so over time I think DATs are going to start getting"}, {"start": "00:24:46", "end": "00:24:52", "text": "smarter and thinking about how do they get uh how do they deploy that capital to earn a higher IR for their investors to"}, {"start": "00:24:52", "end": "00:24:59", "text": "drive it's mirroring kind of your your model I mean and I don't know that would you even consider yourself a digital asset"}, {"start": "00:24:59", "end": "00:25:06", "text": "treasury company now because you have so many different Okay. All right. Yeah, we we leaned into we partially"}, {"start": "00:25:06", "end": "00:25:12", "text": "leaned into the narrative over the summer because we were a validator node operator and doing other things"}, {"start": "00:25:12", "end": "00:25:19", "text": "and it's a it's a hard business to explain, right? Explaining the block building is like it's like, okay, we have an hour unless it's cryptonative."}, {"start": "00:25:19", "end": "00:25:25", "text": "I don't even know where to start because all the terminology they just don't get. So, you got to keep taking a step back and a step back and"}, {"start": "00:25:25", "end": "00:25:31", "text": "and all of a sudden it's like, okay, I need I need an hour or two to to to explain it. Um, so it's not a very it's"}, {"start": "00:25:31", "end": "00:25:38", "text": "not good for sound bites. It's not good for PowerPoint presentations. Yeah, it's it's a much harder model to explain"}, {"start": "00:25:38", "end": "00:25:44", "text": "and and so I think many will start looking to add some different flavors of"}, {"start": "00:25:44", "end": "00:25:51", "text": "operations. Yeah. Yeah, for sure. I want to get one more clip here because this is a big shift uh from one of the biggest"}, {"start": "00:25:51", "end": "00:25:56", "text": "investors in Wall Street. I think she's going to start moving toward Ethereum, which could mean other areas that will"}, {"start": "00:25:56", "end": "00:26:02", "text": "move other major investors into ETH. Let me play this from Kathy Wood. that she"}, {"start": "00:26:02", "end": "00:26:09", "text": "made an argument that she was surprised about the success of stable coins and"}, {"start": "00:26:09", "end": "00:26:15", "text": "how she believed that stable coins to some degree could crowd out some of the"}, {"start": "00:26:15", "end": "00:26:21", "text": "Bitcoin trade because people are going to use stable coins more for um"}, {"start": "00:26:21", "end": "00:26:28", "text": "transactions and the like than she originally thought. She thought Bitcoin might be used more uh for transactions"}, {"start": "00:26:28", "end": "00:26:34", "text": "than they will be. Um, I I'm not sure I see the users of stable coin uh"}, {"start": "00:26:34", "end": "00:26:40", "text": "substituting that long-term asset for Bitcoin. Um, and I'm not sure I see the"}, {"start": "00:26:40", "end": "00:26:47", "text": "people who want to buy Bitcoin as a unit of currency uh viewing a stable coin as a surrogate for that. So, so I'm I'm"}, {"start": "00:26:47", "end": "00:26:53", "text": "less confident. Andrew, for you. All right. So, they were kind of going back and forth on the scenario of stable"}, {"start": "00:26:53", "end": "00:27:02", "text": "coins uh being looked at really more importantly, I think, as a utility asset. which is just utilizing Ethereum"}, {"start": "00:27:02", "end": "00:27:07", "text": "in terms of you know the transaction layer which I think is what she was talking about is that the revenue"}, {"start": "00:27:07", "end": "00:27:13", "text": "generated it's basically what she's saying is ETH is going to be the winner here uh it wasn't necessarily Bitcoin"}, {"start": "00:27:13", "end": "00:27:20", "text": "because of the use of stable coins would you agree with that no 100% and it was funny watching that"}, {"start": "00:27:20", "end": "00:27:27", "text": "clip Bitcoin is not a transactional asset nobody's like unless you add lightning networks which is I we we"}, {"start": "00:27:27", "end": "00:27:33", "text": "could debate how useful that is and how many people are using it. Nobody wants to spend an asset to buy things um or"}, {"start": "00:27:33", "end": "00:27:38", "text": "use it as a currency if it's highly volatile or they believe it's going to go up a lot. It's like you don't you"}, {"start": "00:27:38", "end": "00:27:44", "text": "don't buy Tesla stock and then go try to use it to pay for a cup of coffee, right? You just, you know, you don't"}, {"start": "00:27:44", "end": "00:27:51", "text": "sell it and then go pay for your coffee. And so I think that's where stable coins really meet a need. And"}, {"start": "00:27:51", "end": "00:27:58", "text": "what you've done was what's happened with stable coins is now as the as banks with the the clarity actor are able to"}, {"start": "00:27:58", "end": "00:28:04", "text": "excuse me the genius actor are able to go in and build their own stable coins. It it creates an amazing environment"}, {"start": "00:28:04", "end": "00:28:09", "text": "where there's going to be more tokenized dollars. It's great for the US. It's great for the economy. It's great for"}, {"start": "00:28:09", "end": "00:28:15", "text": "the American people where now you can transact in the US dollars globally 247"}, {"start": "00:28:15", "end": "00:28:20", "text": "and and that's just starting to get built. And that's I think really big for exporting the dollar. It's really big"}, {"start": "00:28:20", "end": "00:28:25", "text": "for other countries that want to, you know, have um, you know, use the dollar that's otherwise harder to get. It's"}, {"start": "00:28:25", "end": "00:28:31", "text": "good for remittance markets. And so that's something we haven't really seen yet. I mean, I know stable coins are"}, {"start": "00:28:31", "end": "00:28:36", "text": "very big in for onchain activities with cryptonatives if you're interacting with"}, {"start": "00:28:36", "end": "00:28:42", "text": "DeFi, right? That bridge to traditional markets isn't really there yet at scale. And so I"}, {"start": "00:28:42", "end": "00:28:48", "text": "think when that comes, there'll have to be a reason to use a stable coin beyond your credit card, right? Like why would"}, {"start": "00:28:48", "end": "00:28:54", "text": "I why would I not use my AMX where I get all sorts of points and benefits to use a stable coin? Well, one is if I'm"}, {"start": "00:28:54", "end": "00:29:01", "text": "sending money to Europe, I would you know I wouldn't use a remittances are a great market or um if I want to I would"}, {"start": "00:29:01", "end": "00:29:08", "text": "use a stable coin if I got some benefits. Now that we have the Genius Act, I'm sure we're going to see JP Morgan coin and we're going to see all,"}, {"start": "00:29:08", "end": "00:29:14", "text": "you know, Amazon will probably have its own tokenized dollar because you can cut out the credit card companies and you can build your own ecosystem and save"}, {"start": "00:29:14", "end": "00:29:21", "text": "billions and it's legal, right? You know, if you go back to when was it? Facebook was trying to create Libra and"}, {"start": "00:29:21", "end": "00:29:26", "text": "like the government was like, \"No, you can't you can't do that. Now you can do that, right?\" So, we haven't seen that"}, {"start": "00:29:26", "end": "00:29:31", "text": "really start yet at scale, but I think it's gonna it's coming. And Tether's"}, {"start": "00:29:31", "end": "00:29:36", "text": "already huge if you just look at most international scale where it's actually used."}, {"start": "00:29:36", "end": "00:29:42", "text": "So, and all that comes back to is built on Ethereum. And so, for our"}, {"start": "00:29:42", "end": "00:29:47", "text": "perspective, we don't have to say, well, what's the right what stable coin's going to make it or fail? What project's"}, {"start": "00:29:47", "end": "00:29:52", "text": "going to make it or fail, right? As long as as long as our bet is is Ethereum going to be the the the"}, {"start": "00:29:52", "end": "00:29:58", "text": "number one settlement layer. Yeah. Yeah. Which it is. It's not even a winner. There could be it already is right. There could be"}, {"start": "00:29:58", "end": "00:30:03", "text": "multiple settlement layers, right? I don't think you know Salana doesn't have to go away for"}, {"start": "00:30:03", "end": "00:30:09", "text": "Ethereum to be number one. Yeah, there's going to be multiple chain. It's a multi-chain world. You know, everybody's been talking about"}, {"start": "00:30:09", "end": "00:30:16", "text": "this for quite some time. Uh it's just that right now ETH is pretty much in the lead position which first mover"}, {"start": "00:30:16", "end": "00:30:21", "text": "advantage usually at the time of critical mass adoption uh can be very"}, {"start": "00:30:21", "end": "00:30:28", "text": "very uh interesting. So that's why we're watching it of course. Charles Allen uh great to have you on the show. Thank you"}, {"start": "00:30:28", "end": "00:30:33", "text": "so much for coming in today. We appreciate it. Yep. Thank you so much for having me. You bet. All right. You guys know what"}, {"start": "00:30:33", "end": "00:30:40", "text": "to do if you're not in our diamond circle. That's our own private group that you can join for absolutely free. It's where we drop a lot of additional"}, {"start": "00:30:40", "end": "00:30:45", "text": "research. We do all sorts of things over there that you guys can get access to. All you have to do is click the link"}, {"start": "00:30:45", "end": "00:30:50", "text": "down below and of course follow me out there on XP Paul Baron. We'll catch you next time right here on the Paul Baron"}, {"start": "00:30:50", "end": "00:30:53", "text": "Show."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Japan and China declare crypto war"}, {"start": "00:00:02", "end": "00:00:03", "text": "today. We'll break it down for you."}, {"start": "00:00:03", "end": "00:00:05", "text": "There is a lot happening in the markets."}, {"start": "00:00:05", "end": "00:00:06", "text": "You don't want to miss it. Let's just"}, {"start": "00:00:06", "end": "00:00:08", "text": "jump right in. If you guys will"}, {"start": "00:00:08", "end": "00:00:10", "text": "remember, we've been covering the"}, {"start": "00:00:10", "end": "00:00:12", "text": "Japanese markets and the China markets"}, {"start": "00:00:12", "end": "00:00:14", "text": "for quite some time. And of course, you"}, {"start": "00:00:14", "end": "00:00:15", "text": "probably saw this video right there"}, {"start": "00:00:15", "end": "00:00:17", "text": "where we talked about Japan going all in"}, {"start": "00:00:17", "end": "00:00:20", "text": "on crypto obviously through the Sonium"}, {"start": "00:00:20", "end": "00:00:21", "text": "chain. I'll get into a little bit of"}, {"start": "00:00:21", "end": "00:00:24", "text": "details there. even Japan and China"}, {"start": "00:00:24", "end": "00:00:27", "text": "going to battle years ago in a lot of"}, {"start": "00:00:27", "end": "00:00:30", "text": "the web 3 tokens which of course we"}, {"start": "00:00:30", "end": "00:00:32", "text": "talked about quite uh at length. So I"}, {"start": "00:00:32", "end": "00:00:34", "text": "think what we're going to see today is"}, {"start": "00:00:34", "end": "00:00:36", "text": "an understanding I think where what this"}, {"start": "00:00:36", "end": "00:00:38", "text": "means for crypto in general. Let me go"}, {"start": "00:00:38", "end": "00:00:40", "text": "to this first clip because this will"}, {"start": "00:00:40", "end": "00:00:42", "text": "start to outline how the Japanese prime"}, {"start": "00:00:42", "end": "00:00:45", "text": "minister triggered China. Take a look."}, {"start": "00:00:45", "end": "00:00:47", "text": "Takayuchi met Chinese President Xiinping"}, {"start": "00:00:47", "end": "00:00:49", "text": "at a regional economic summit a few"}, {"start": "00:00:49", "end": "00:00:52", "text": "weeks ago. She's refused to walk back"}, {"start": "00:00:52", "end": "00:00:54", "text": "her comments and says Japan's stance on"}, {"start": "00:00:54", "end": "00:00:56", "text": "Taiwan has not changed."}, {"start": "00:00:56", "end": "00:00:58", "text": "And over the weekend, uh, we got this"}, {"start": "00:00:58", "end": "00:01:02", "text": "travel ban or travel advisory rather for"}, {"start": "00:01:02", "end": "00:01:04", "text": "Chinese citizens traveling to Japan."}, {"start": "00:01:04", "end": "00:01:06", "text": "And this as Chinese ships and military"}, {"start": "00:01:06", "end": "00:01:09", "text": "drones were also spotted. 30 Chinese"}, {"start": "00:01:09", "end": "00:01:12", "text": "military aircraft, seven Navy ships and"}, {"start": "00:01:12", "end": "00:01:14", "text": "one Coast Guard vessel around Taiwan"}, {"start": "00:01:14", "end": "00:01:17", "text": "over the past 24 hours. If Chinese"}, {"start": "00:01:17", "end": "00:01:20", "text": "travelers did go down to zero, it could"}, {"start": "00:01:20", "end": "00:01:22", "text": "have an over 200 billion yen hit on the"}, {"start": "00:01:22", "end": "00:01:25", "text": "Japanese economy, which obviously is is"}, {"start": "00:01:25", "end": "00:01:27", "text": "pretty uh huge and could also even have"}, {"start": "00:01:27", "end": "00:01:29", "text": "implications for things like the Bank of"}, {"start": "00:01:29", "end": "00:01:30", "text": "Japan."}, {"start": "00:01:30", "end": "00:01:32", "text": "If you look at Japan's 20-year"}, {"start": "00:01:32", "end": "00:01:34", "text": "government bond yield, they're surging"}, {"start": "00:01:34", "end": "00:01:35", "text": "quite a bit. Government prepares to"}, {"start": "00:01:35", "end": "00:01:38", "text": "print another 110 billion stimulus"}, {"start": "00:01:38", "end": "00:01:40", "text": "package. That's the kind of movement"}, {"start": "00:01:40", "end": "00:01:42", "text": "right there that we're talking about."}, {"start": "00:01:42", "end": "00:01:45", "text": "And of course to the note there in the"}, {"start": "00:01:45", "end": "00:01:47", "text": "clip is that the impact on just the"}, {"start": "00:01:47", "end": "00:01:49", "text": "tourism side of things much less I think"}, {"start": "00:01:49", "end": "00:01:52", "text": "the economy there in Japan could be a"}, {"start": "00:01:52", "end": "00:01:53", "text": "pretty significant going forward. All"}, {"start": "00:01:53", "end": "00:01:56", "text": "right within uh the region you kind of"}, {"start": "00:01:56", "end": "00:01:58", "text": "have to consider what else is going on"}, {"start": "00:01:58", "end": "00:02:00", "text": "uh within China and how the US is"}, {"start": "00:02:00", "end": "00:02:03", "text": "dealing with that. Of course Alibaba JP"}, {"start": "00:02:03", "end": "00:02:05", "text": "Morgan showed that partnership. Let me"}, {"start": "00:02:05", "end": "00:02:07", "text": "go to this clip because this gets into"}, {"start": "00:02:07", "end": "00:02:09", "text": "some interesting situations that's"}, {"start": "00:02:09", "end": "00:02:11", "text": "happening here between the United States"}, {"start": "00:02:11", "end": "00:02:14", "text": "and Japan versus JP Morgan and China."}, {"start": "00:02:14", "end": "00:02:15", "text": "Take a look."}, {"start": "00:02:15", "end": "00:02:17", "text": "The second part is that we are"}, {"start": "00:02:17", "end": "00:02:19", "text": "leveraging the blockchain technology"}, {"start": "00:02:19", "end": "00:02:22", "text": "using tokenization. is not starting from"}, {"start": "00:02:22", "end": "00:02:25", "text": "the uh to uh s stable coin like when we"}, {"start": "00:02:25", "end": "00:02:28", "text": "work with JP Morgan they has their own"}, {"start": "00:02:28", "end": "00:02:31", "text": "kind of a tokenization system stable"}, {"start": "00:02:31", "end": "00:02:33", "text": "coin we are going to evaluate uh after"}, {"start": "00:02:33", "end": "00:02:35", "text": "this and that's very important because"}, {"start": "00:02:35", "end": "00:02:37", "text": "there is a difference between tokenized"}, {"start": "00:02:37", "end": "00:02:39", "text": "uh payments and the stable coins JP"}, {"start": "00:02:39", "end": "00:02:42", "text": "Morgan this year launched the JPMD token"}, {"start": "00:02:42", "end": "00:02:44", "text": "which is specifically designed for"}, {"start": "00:02:44", "end": "00:02:46", "text": "crossber businessto business payments be"}, {"start": "00:02:46", "end": "00:02:47", "text": "interesting to see how that pans out"}, {"start": "00:02:47", "end": "00:02:49", "text": "their report is that Alibaba allegedly"}, {"start": "00:02:49", "end": "00:02:51", "text": "provides tech support for Chinese"}, {"start": "00:02:51", "end": "00:02:53", "text": "military operations against targets"}, {"start": "00:02:53", "end": "00:02:55", "text": "inside the United States. The Chinese"}, {"start": "00:02:55", "end": "00:02:57", "text": "company supplies the People's Liberation"}, {"start": "00:02:57", "end": "00:02:59", "text": "Army with access to customer data that"}, {"start": "00:02:59", "end": "00:03:02", "text": "includes IP addresses, Wi-Fi"}, {"start": "00:03:02", "end": "00:03:04", "text": "information, and payment records as well"}, {"start": "00:03:04", "end": "00:03:06", "text": "as AI related services. I suspect"}, {"start": "00:03:06", "end": "00:03:08", "text": "they're taking a hard look at limiting"}, {"start": "00:03:08", "end": "00:03:11", "text": "Alibaba activity in the United States."}, {"start": "00:03:11", "end": "00:03:13", "text": "So now you've got JP Morgan that is"}, {"start": "00:03:13", "end": "00:03:17", "text": "directly uh entangled with the Chinese"}, {"start": "00:03:17", "end": "00:03:20", "text": "via Alibaba. This of course sparked a"}, {"start": "00:03:20", "end": "00:03:22", "text": "fairly big reaction from the"}, {"start": "00:03:22", "end": "00:03:24", "text": "administration. Let me go to that clip."}, {"start": "00:03:24", "end": "00:03:26", "text": "What are you saying about JP Morgan?"}, {"start": "00:03:26", "end": "00:03:29", "text": "JP Morgan then debanked us at that time."}, {"start": "00:03:29", "end": "00:03:29", "text": "This is"}, {"start": "00:03:29", "end": "00:03:32", "text": "JP Morgan gave us a statement. We do not"}, {"start": "00:03:32", "end": "00:03:34", "text": "close accounts for political reasons."}, {"start": "00:03:34", "end": "00:03:36", "text": "Well, then why the hell did you debank"}, {"start": "00:03:36", "end": "00:03:38", "text": "Trump Media? You know, we had a clean"}, {"start": "00:03:38", "end": "00:03:39", "text": "bill of health. We just got approval by"}, {"start": "00:03:39", "end": "00:03:42", "text": "the SEC. Why would you debank somebody"}, {"start": "00:03:42", "end": "00:03:45", "text": "that wants to deposit $250 million into"}, {"start": "00:03:45", "end": "00:03:47", "text": "your banks? We're going to do everything"}, {"start": "00:03:47", "end": "00:03:50", "text": "under the law to figure out what JP"}, {"start": "00:03:50", "end": "00:03:52", "text": "Morgan knew. When did they do it? This"}, {"start": "00:03:52", "end": "00:03:54", "text": "is easily knowable."}, {"start": "00:03:54", "end": "00:03:55", "text": "All right. So now you have JP Morgan"}, {"start": "00:03:55", "end": "00:03:58", "text": "under investigation. This could of"}, {"start": "00:03:58", "end": "00:04:00", "text": "course also start to stem into their"}, {"start": "00:04:00", "end": "00:04:02", "text": "activities around Alibaba. All things"}, {"start": "00:04:02", "end": "00:04:04", "text": "could start coming into play here"}, {"start": "00:04:04", "end": "00:04:06", "text": "creating a lot of pressure on JP Morgan."}, {"start": "00:04:06", "end": "00:04:08", "text": "And remember that a lot of this is"}, {"start": "00:04:08", "end": "00:04:11", "text": "trying to build an infrastructure around"}, {"start": "00:04:11", "end": "00:04:13", "text": "crypto and digital asset payments. And"}, {"start": "00:04:13", "end": "00:04:15", "text": "this is why I think XRP and Ripple are"}, {"start": "00:04:15", "end": "00:04:18", "text": "starting to position into a scenario"}, {"start": "00:04:18", "end": "00:04:20", "text": "that it could benefit because remember"}, {"start": "00:04:20", "end": "00:04:22", "text": "Japan and the United States starting to"}, {"start": "00:04:22", "end": "00:04:24", "text": "align here on digital assets. And I'll"}, {"start": "00:04:24", "end": "00:04:26", "text": "explain a little bit further. Japan is"}, {"start": "00:04:26", "end": "00:04:28", "text": "now proposing some new rules and this is"}, {"start": "00:04:28", "end": "00:04:30", "text": "around their digital asset taxation."}, {"start": "00:04:30", "end": "00:04:33", "text": "They're talking about a 20% flat tax."}, {"start": "00:04:33", "end": "00:04:35", "text": "This is down from like 55%. This would"}, {"start": "00:04:35", "end": "00:04:38", "text": "be a huge move by the Japanese"}, {"start": "00:04:38", "end": "00:04:40", "text": "government. And of course, it would"}, {"start": "00:04:40", "end": "00:04:42", "text": "create a tremendous activity. And"}, {"start": "00:04:42", "end": "00:04:44", "text": "remember, let's go over just by one of"}, {"start": "00:04:44", "end": "00:04:46", "text": "the biggest exchanges over there,"}, {"start": "00:04:46", "end": "00:04:48", "text": "Bitfly. This is a good example. These"}, {"start": "00:04:48", "end": "00:04:50", "text": "guys are here. I know this is in a lot"}, {"start": "00:04:50", "end": "00:04:52", "text": "of different tokens that are available"}, {"start": "00:04:52", "end": "00:04:54", "text": "on Bitfly. Point being is that it's it's"}, {"start": "00:04:54", "end": "00:04:56", "text": "cornering in some of the key ones,"}, {"start": "00:04:56", "end": "00:04:59", "text": "obviously, Bitcoin, Ethereum, XRP. Uh"}, {"start": "00:04:59", "end": "00:05:01", "text": "this I think gets into a situation that"}, {"start": "00:05:01", "end": "00:05:03", "text": "it could start to influence shouldn't"}, {"start": "00:05:03", "end": "00:05:05", "text": "say influence the United States but also"}, {"start": "00:05:05", "end": "00:05:08", "text": "align with the United States. I'll show"}, {"start": "00:05:08", "end": "00:05:09", "text": "you some interesting points here not"}, {"start": "00:05:09", "end": "00:05:11", "text": "only around what Japan has been doing"}, {"start": "00:05:11", "end": "00:05:13", "text": "but also how this coordinates with what"}, {"start": "00:05:13", "end": "00:05:14", "text": "the United States is doing. Here's"}, {"start": "00:05:14", "end": "00:05:17", "text": "Sheibba Eno. This is now joining Japan's"}, {"start": "00:05:17", "end": "00:05:18", "text": "green list. Now the way this works is"}, {"start": "00:05:18", "end": "00:05:20", "text": "there's a handful of tokens out there"}, {"start": "00:05:20", "end": "00:05:22", "text": "that get allocated into this green list."}, {"start": "00:05:22", "end": "00:05:24", "text": "This green list basically are"}, {"start": "00:05:24", "end": "00:05:26", "text": "preferential treatment around taxes."}, {"start": "00:05:26", "end": "00:05:28", "text": "This is a big benefit to, of course, the"}, {"start": "00:05:28", "end": "00:05:30", "text": "Sheba community. And I want to go to a"}, {"start": "00:05:30", "end": "00:05:31", "text": "clip real quick because this will get"}, {"start": "00:05:31", "end": "00:05:34", "text": "into some detail around what the Sheibba"}, {"start": "00:05:34", "end": "00:05:36", "text": "community did around this statement."}, {"start": "00:05:36", "end": "00:05:37", "text": "Take a look."}, {"start": "00:05:37", "end": "00:05:39", "text": "Imagine if crypto was treated just like"}, {"start": "00:05:39", "end": "00:05:41", "text": "stocks with insider trading rules and"}, {"start": "00:05:41", "end": "00:05:42", "text": "everything."}, {"start": "00:05:42", "end": "00:05:44", "text": "Sounds like someone's finally getting"}, {"start": "00:05:44", "end": "00:05:46", "text": "serious. Is this happening in the US?"}, {"start": "00:05:46", "end": "00:05:49", "text": "No. Japan. The FSA is planning a huge"}, {"start": "00:05:49", "end": "00:05:52", "text": "overhaul. slash the tax rate from 55%"}, {"start": "00:05:52", "end": "00:05:56", "text": "down to 20% and even let banks hold it."}, {"start": "00:05:56", "end": "00:05:58", "text": "That's a massive shift."}, {"start": "00:05:58", "end": "00:05:59", "text": "Exactly."}, {"start": "00:05:59", "end": "00:06:00", "text": "Normally, we don't put up do talking"}, {"start": "00:06:00", "end": "00:06:02", "text": "dogs, but you know, this is Sheba and"}, {"start": "00:06:02", "end": "00:06:04", "text": "the Sheibba community. So, you'll learn"}, {"start": "00:06:04", "end": "00:06:06", "text": "eventually. This is kind of how crypto"}, {"start": "00:06:06", "end": "00:06:08", "text": "is. It works off of memes. Speaking of"}, {"start": "00:06:08", "end": "00:06:10", "text": "that, you've got one right here with"}, {"start": "00:06:10", "end": "00:06:12", "text": "Elon Musk, uh, where we've got a great"}, {"start": "00:06:12", "end": "00:06:14", "text": "Sheba Enu playing the banjo. And of"}, {"start": "00:06:14", "end": "00:06:16", "text": "course, what does it get? Well, it gets"}, {"start": "00:06:16", "end": "00:06:18", "text": "uh 10.1 million views. These are kind of"}, {"start": "00:06:18", "end": "00:06:20", "text": "funny things that happen out there on"}, {"start": "00:06:20", "end": "00:06:23", "text": "CryptoEx. But in general, what this does"}, {"start": "00:06:23", "end": "00:06:25", "text": "is it energizes a lot of these"}, {"start": "00:06:25", "end": "00:06:26", "text": "communities and this course being one of"}, {"start": "00:06:26", "end": "00:06:27", "text": "the biggest communities out there when"}, {"start": "00:06:27", "end": "00:06:31", "text": "it comes to the idea of memecoins."}, {"start": "00:06:31", "end": "00:06:32", "text": "Here's a word from our sponsors."}, {"start": "00:06:32", "end": "00:06:34", "text": "Recently, I came across a really"}, {"start": "00:06:34", "end": "00:06:37", "text": "interesting project in DeFi. And this is"}, {"start": "00:06:37", "end": "00:06:39", "text": "a project called Mobile Galaxy. And it's"}, {"start": "00:06:39", "end": "00:06:41", "text": "not just another staking platform. It's"}, {"start": "00:06:41", "end": "00:06:43", "text": "actually a project that uses a network"}, {"start": "00:06:43", "end": "00:06:46", "text": "of MEV bots to generate profit."}, {"start": "00:06:46", "end": "00:06:48", "text": "something that was recent pre previously"}, {"start": "00:06:48", "end": "00:06:51", "text": "only available to big players. That is"}, {"start": "00:06:51", "end": "00:06:54", "text": "something I can confirm. This is one of"}, {"start": "00:06:54", "end": "00:06:56", "text": "the strategies that I've seen used by"}, {"start": "00:06:56", "end": "00:06:58", "text": "some of the most wealthy digital asset"}, {"start": "00:06:58", "end": "00:07:00", "text": "managers out there. And the way it"}, {"start": "00:07:00", "end": "00:07:03", "text": "works, it's kind of cool to put it"}, {"start": "00:07:03", "end": "00:07:04", "text": "simply. Users deposit funds into"}, {"start": "00:07:04", "end": "00:07:06", "text": "liquidity pools. These are managed by"}, {"start": "00:07:06", "end": "00:07:09", "text": "MEV bots. And then these bots perform"}, {"start": "00:07:09", "end": "00:07:11", "text": "the blockchain operations. Basically,"}, {"start": "00:07:11", "end": "00:07:13", "text": "they work off of sandwich strategies."}, {"start": "00:07:13", "end": "00:07:15", "text": "And this is where you can earn from"}, {"start": "00:07:15", "end": "00:07:17", "text": "these network inefficiencies. That's why"}, {"start": "00:07:17", "end": "00:07:20", "text": "the system works both in market"}, {"start": "00:07:20", "end": "00:07:23", "text": "downturns, market upturns. A really good"}, {"start": "00:07:23", "end": "00:07:25", "text": "example is just what they're doing on"}, {"start": "00:07:25", "end": "00:07:26", "text": "MEVAT. You can kind of go to their"}, {"start": "00:07:26", "end": "00:07:28", "text": "website, learn a little bit more about"}, {"start": "00:07:28", "end": "00:07:31", "text": "that, actually launch there. Even a"}, {"start": "00:07:31", "end": "00:07:34", "text": "scenario of course on stable returns,"}, {"start": "00:07:34", "end": "00:07:37", "text": "algorithmic precision, all around market"}, {"start": "00:07:37", "end": "00:07:39", "text": "fluctuation. This is some of the things"}, {"start": "00:07:39", "end": "00:07:42", "text": "that I've been looking for for some"}, {"start": "00:07:42", "end": "00:07:44", "text": "time. And I think the key here is as you"}, {"start": "00:07:44", "end": "00:07:46", "text": "start to get into more strategic"}, {"start": "00:07:46", "end": "00:07:48", "text": "investing, especially around staking and"}, {"start": "00:07:48", "end": "00:07:51", "text": "utilizing things like this, I think are"}, {"start": "00:07:51", "end": "00:07:53", "text": "really kind of the the core of how"}, {"start": "00:07:53", "end": "00:07:54", "text": "you're going to continue to kind of use"}, {"start": "00:07:54", "end": "00:07:57", "text": "your assets to make more money. Now,"}, {"start": "00:07:57", "end": "00:08:00", "text": "they do have a new iPhone app. You can"}, {"start": "00:08:00", "end": "00:08:02", "text": "jump over to the Apple App Store, learn"}, {"start": "00:08:02", "end": "00:08:03", "text": "a little bit more about what they're"}, {"start": "00:08:03", "end": "00:08:05", "text": "doing there, which is Mevstats. This is"}, {"start": "00:08:05", "end": "00:08:07", "text": "a new mobile app. Recently, the company"}, {"start": "00:08:07", "end": "00:08:09", "text": "launched it. It's now available over"}, {"start": "00:08:09", "end": "00:08:11", "text": "there on the App Store. It allows you to"}, {"start": "00:08:11", "end": "00:08:13", "text": "track your income, deposits, real-time"}, {"start": "00:08:13", "end": "00:08:15", "text": "stats right from your phone, so it's"}, {"start": "00:08:15", "end": "00:08:18", "text": "very easy and super intuitive. Uh, I've"}, {"start": "00:08:18", "end": "00:08:21", "text": "tested this one. Works fantastic. And of"}, {"start": "00:08:21", "end": "00:08:22", "text": "course, you guys can check it all out."}, {"start": "00:08:22", "end": "00:08:25", "text": "They are being covered across the"}, {"start": "00:08:25", "end": "00:08:26", "text": "industry as you can see right here over"}, {"start": "00:08:26", "end": "00:08:28", "text": "on vesting.com. A lot of investors"}, {"start": "00:08:28", "end": "00:08:32", "text": "switching to farming on mystake with"}, {"start": "00:08:32", "end": "00:08:33", "text": "you. You can kind of see that. And I"}, {"start": "00:08:33", "end": "00:08:35", "text": "think also when you look at what they've"}, {"start": "00:08:35", "end": "00:08:37", "text": "been trying to do to get out there with"}, {"start": "00:08:37", "end": "00:08:40", "text": "the token 2049 presentations at that"}, {"start": "00:08:40", "end": "00:08:43", "text": "conference, this is something that I"}, {"start": "00:08:43", "end": "00:08:46", "text": "think more projects should do and that"}, {"start": "00:08:46", "end": "00:08:48", "text": "is get out there, get in front of what's"}, {"start": "00:08:48", "end": "00:08:50", "text": "happening in the industry and let people"}, {"start": "00:08:50", "end": "00:08:52", "text": "learn more about what you guys are"}, {"start": "00:08:52", "end": "00:08:54", "text": "doing. So you guys should go over and"}, {"start": "00:08:54", "end": "00:08:57", "text": "visit the Galaxy.com."}, {"start": "00:08:57", "end": "00:08:58", "text": "You can forget about the market"}, {"start": "00:08:58", "end": "00:09:01", "text": "volatility. Stake once, earn every day."}, {"start": "00:09:01", "end": "00:09:03", "text": "Other things that play into this is"}, {"start": "00:09:03", "end": "00:09:06", "text": "Japan green how greenlighting a"}, {"start": "00:09:06", "end": "00:09:08", "text": "consortium of major banks. This is the"}, {"start": "00:09:08", "end": "00:09:10", "text": "combination of major banks that go"}, {"start": "00:09:10", "end": "00:09:13", "text": "around the JPYC token which is their"}, {"start": "00:09:13", "end": "00:09:15", "text": "stable coin. This is important because"}, {"start": "00:09:15", "end": "00:09:18", "text": "it is not a CBDC and this is one of the"}, {"start": "00:09:18", "end": "00:09:20", "text": "cornerstones of what Japan is trying to"}, {"start": "00:09:20", "end": "00:09:23", "text": "do that is almost in lock step with what"}, {"start": "00:09:23", "end": "00:09:25", "text": "the United States is trying to do. So,"}, {"start": "00:09:25", "end": "00:09:28", "text": "you've got the United States, Japan"}, {"start": "00:09:28", "end": "00:09:30", "text": "looking at digital assets one way and"}, {"start": "00:09:30", "end": "00:09:33", "text": "China looking at digital assets another"}, {"start": "00:09:33", "end": "00:09:35", "text": "way. All right, let's jump over to this"}, {"start": "00:09:35", "end": "00:09:36", "text": "article right here. This was interesting"}, {"start": "00:09:36", "end": "00:09:38", "text": "because it breaks down how these banks"}, {"start": "00:09:38", "end": "00:09:40", "text": "are going to be connected here. But all"}, {"start": "00:09:40", "end": "00:09:42", "text": "of this solution is going to be running"}, {"start": "00:09:42", "end": "00:09:46", "text": "on networks like Ethereum, Polygon,"}, {"start": "00:09:46", "end": "00:09:48", "text": "Avalanche, Cosmos, etc. Point being is"}, {"start": "00:09:48", "end": "00:09:49", "text": "you've got large payment infrastructure"}, {"start": "00:09:49", "end": "00:09:51", "text": "here, small payment infrastructure here"}, {"start": "00:09:51", "end": "00:09:53", "text": "with Polygon. good example, large"}, {"start": "00:09:53", "end": "00:09:55", "text": "payments for Ethereum and Avalanche."}, {"start": "00:09:55", "end": "00:09:58", "text": "This gets pretty uh intriguing when you"}, {"start": "00:09:58", "end": "00:10:00", "text": "think about the connection of a"}, {"start": "00:10:00", "end": "00:10:02", "text": "full-blown launch within the Japanese"}, {"start": "00:10:02", "end": "00:10:05", "text": "ecosystem and how it might line up with"}, {"start": "00:10:05", "end": "00:10:08", "text": "the United States as well. So, I think"}, {"start": "00:10:08", "end": "00:10:10", "text": "their prime minister also very very"}, {"start": "00:10:10", "end": "00:10:12", "text": "friendly with President Trump. They seem"}, {"start": "00:10:12", "end": "00:10:14", "text": "to align a lot of things from a"}, {"start": "00:10:14", "end": "00:10:15", "text": "geopolitical stance and of course that I"}, {"start": "00:10:15", "end": "00:10:17", "text": "think created a little bit of that"}, {"start": "00:10:17", "end": "00:10:19", "text": "friction between Xiinping and the prime"}, {"start": "00:10:19", "end": "00:10:22", "text": "minister of Japan. just to look at what"}, {"start": "00:10:22", "end": "00:10:24", "text": "the JPYC volume is doing. Remember this"}, {"start": "00:10:24", "end": "00:10:26", "text": "thing just launched, but you can kind of"}, {"start": "00:10:26", "end": "00:10:28", "text": "see right here the movement on Avalanche"}, {"start": "00:10:28", "end": "00:10:31", "text": "ETH Polygon starting to move as well as"}, {"start": "00:10:31", "end": "00:10:33", "text": "the DAX volume also starting to move."}, {"start": "00:10:33", "end": "00:10:35", "text": "Key here is that this could be the"}, {"start": "00:10:35", "end": "00:10:38", "text": "beginning of something very very big and"}, {"start": "00:10:38", "end": "00:10:41", "text": "very quick in terms of adoption. So be"}, {"start": "00:10:41", "end": "00:10:42", "text": "on the lookout for what we're going to"}, {"start": "00:10:42", "end": "00:10:45", "text": "see. Now remember, Ripple of course has"}, {"start": "00:10:45", "end": "00:10:47", "text": "been coordinated with what's going on"}, {"start": "00:10:47", "end": "00:10:50", "text": "within Japan for quite some time. Our"}, {"start": "00:10:50", "end": "00:10:53", "text": "theory is that Ripple is trying to align"}, {"start": "00:10:53", "end": "00:10:56", "text": "now more so with the United States and"}, {"start": "00:10:56", "end": "00:10:58", "text": "what's going on in the US finance"}, {"start": "00:10:58", "end": "00:11:00", "text": "markets, which in reality is a bigger"}, {"start": "00:11:00", "end": "00:11:02", "text": "bigger pie. But this was something that"}, {"start": "00:11:02", "end": "00:11:05", "text": "they did in early 2026 where they were"}, {"start": "00:11:05", "end": "00:11:08", "text": "bringing RLUSD in it. So key is is"}, {"start": "00:11:08", "end": "00:11:10", "text": "they're keeping their hands in both"}, {"start": "00:11:10", "end": "00:11:11", "text": "markets. I think this is going to be"}, {"start": "00:11:11", "end": "00:11:12", "text": "positive for Ripple. Of course, the real"}, {"start": "00:11:12", "end": "00:11:15", "text": "question is is how does this play into"}, {"start": "00:11:15", "end": "00:11:17", "text": "the JP Morgan rivalry now that might be"}, {"start": "00:11:17", "end": "00:11:20", "text": "brewing with Ripple? Japan also eases"}, {"start": "00:11:20", "end": "00:11:23", "text": "their crypto rules around blockchain"}, {"start": "00:11:23", "end": "00:11:24", "text": "gaming. Encourage a lot of activity"}, {"start": "00:11:24", "end": "00:11:26", "text": "around web 3 gaming, which is going to"}, {"start": "00:11:26", "end": "00:11:28", "text": "be another factor. This is one of those"}, {"start": "00:11:28", "end": "00:11:31", "text": "markets that is uh has kind of a gaming"}, {"start": "00:11:31", "end": "00:11:34", "text": "culture, a lot around anime, which ties"}, {"start": "00:11:34", "end": "00:11:36", "text": "into web 3. This gets pretty interesting"}, {"start": "00:11:36", "end": "00:11:38", "text": "uh in terms of where growth could come"}, {"start": "00:11:38", "end": "00:11:40", "text": "from. Uh Star Tale is one of the"}, {"start": "00:11:40", "end": "00:11:43", "text": "examples of this. They unveiled a super"}, {"start": "00:11:43", "end": "00:11:45", "text": "app for Sony Sony. Remember Sonium we"}, {"start": "00:11:45", "end": "00:11:47", "text": "talked about before? This will be kind"}, {"start": "00:11:47", "end": "00:11:49", "text": "of the allencompassing"}, {"start": "00:11:49", "end": "00:11:52", "text": "crypto that's going to be utilized in uh"}, {"start": "00:11:52", "end": "00:11:54", "text": "Japan around a blockchain ecosystem. And"}, {"start": "00:11:54", "end": "00:11:55", "text": "this is one that we've done a couple of"}, {"start": "00:11:55", "end": "00:11:57", "text": "full videos on. If you guys want to go"}, {"start": "00:11:57", "end": "00:11:59", "text": "back and check them out, uh just"}, {"start": "00:11:59", "end": "00:12:00", "text": "searchium on our channel. You'll see"}, {"start": "00:12:00", "end": "00:12:02", "text": "what I'm talking about uh when we go a"}, {"start": "00:12:02", "end": "00:12:04", "text": "little bit deeper. But Star Tale put out"}, {"start": "00:12:04", "end": "00:12:07", "text": "this. It was a teaser and it's all"}, {"start": "00:12:07", "end": "00:12:09", "text": "around a super app that could be"}, {"start": "00:12:09", "end": "00:12:12", "text": "launching. If this actually gets out"}, {"start": "00:12:12", "end": "00:12:14", "text": "there, then what you've got is the"}, {"start": "00:12:14", "end": "00:12:17", "text": "potential for this right here, which is"}, {"start": "00:12:17", "end": "00:12:20", "text": "a lot of different retailers that could"}, {"start": "00:12:20", "end": "00:12:22", "text": "start to play into this. 65,000 stores"}, {"start": "00:12:22", "end": "00:12:24", "text": "that both computer systems have built"}, {"start": "00:12:24", "end": "00:12:26", "text": "convenience stores, drugstores, all of"}, {"start": "00:12:26", "end": "00:12:29", "text": "this now available on the Japanese yen"}, {"start": "00:12:29", "end": "00:12:33", "text": "stablecoin, JPYC. Again, remember ETH,"}, {"start": "00:12:33", "end": "00:12:36", "text": "Ethereum, uh, Polygon, and Avalanche"}, {"start": "00:12:36", "end": "00:12:39", "text": "tied into this network. So, pretty cool"}, {"start": "00:12:39", "end": "00:12:41", "text": "opportunities here. So when you go over"}, {"start": "00:12:41", "end": "00:12:43", "text": "to L2B, you can kind of see what's going"}, {"start": "00:12:43", "end": "00:12:46", "text": "on inside the activity within that"}, {"start": "00:12:46", "end": "00:12:48", "text": "region. And right there, Sonium starts"}, {"start": "00:12:48", "end": "00:12:50", "text": "to flip Ethereum right there. So this is"}, {"start": "00:12:50", "end": "00:12:52", "text": "the point I'm getting at is that Sonium,"}, {"start": "00:12:52", "end": "00:12:54", "text": "which will be the the Japanese"}, {"start": "00:12:54", "end": "00:12:57", "text": "chain, all of this starts to correlate"}, {"start": "00:12:57", "end": "00:12:59", "text": "around the element of payments and"}, {"start": "00:12:59", "end": "00:13:01", "text": "infrastructure as well as gaming, all"}, {"start": "00:13:01", "end": "00:13:02", "text": "the things they're going to be talking"}, {"start": "00:13:02", "end": "00:13:04", "text": "about in a new digital economy inside"}, {"start": "00:13:04", "end": "00:13:06", "text": "the Japanese market. So pretty cool"}, {"start": "00:13:06", "end": "00:13:09", "text": "thing. When you jump over to the CBDC"}, {"start": "00:13:09", "end": "00:13:11", "text": "tracker, a nice little visual here."}, {"start": "00:13:11", "end": "00:13:12", "text": "We'll click on the United States. Gives"}, {"start": "00:13:12", "end": "00:13:14", "text": "you a full rundown here. Rule of law,"}, {"start": "00:13:14", "end": "00:13:17", "text": "6.5 out of 10. That's not good. I don't"}, {"start": "00:13:17", "end": "00:13:20", "text": "like that one as much. 9.77 though on"}, {"start": "00:13:20", "end": "00:13:22", "text": "freedom of movement. And this will be"}, {"start": "00:13:22", "end": "00:13:24", "text": "interesting around the idea of digital"}, {"start": "00:13:24", "end": "00:13:26", "text": "assets. Outside of that, then you can"}, {"start": "00:13:26", "end": "00:13:28", "text": "kind of take a look at some of the other"}, {"start": "00:13:28", "end": "00:13:29", "text": "countries that are out there. We'll take"}, {"start": "00:13:29", "end": "00:13:31", "text": "a look at Japan real quick. Let's click"}, {"start": "00:13:31", "end": "00:13:34", "text": "on Japan. And when you look at Japan,"}, {"start": "00:13:34", "end": "00:13:38", "text": "freedom of 9.6 six uh 7 out of 10. Size"}, {"start": "00:13:38", "end": "00:13:40", "text": "of government, rule of law, 7.99, very"}, {"start": "00:13:40", "end": "00:13:43", "text": "good. If you take a look at China, this"}, {"start": "00:13:43", "end": "00:13:45", "text": "is where it gets into kind of this"}, {"start": "00:13:45", "end": "00:13:48", "text": "head-to-head around digital assets. Rule"}, {"start": "00:13:48", "end": "00:13:51", "text": "of law, 4 out of 10. Freedom of movement"}, {"start": "00:13:51", "end": "00:13:54", "text": "2.2 out of 10. So this is the point that"}, {"start": "00:13:54", "end": "00:13:58", "text": "we're talking about on the idea of"}, {"start": "00:13:58", "end": "00:14:00", "text": "digital assets and what we will see in"}, {"start": "00:14:00", "end": "00:14:03", "text": "stable coins especially what's going on"}, {"start": "00:14:03", "end": "00:14:06", "text": "in Japan versus CBDC. So be on the"}, {"start": "00:14:06", "end": "00:14:08", "text": "lookout because this all pertains to"}, {"start": "00:14:08", "end": "00:14:10", "text": "Ethereum. When you consider where"}, {"start": "00:14:10", "end": "00:14:13", "text": "Ethereum is in the market, they have"}, {"start": "00:14:13", "end": "00:14:16", "text": "gone literally allin on the Japanese and"}, {"start": "00:14:16", "end": "00:14:19", "text": "I think inversely the Japanese have gone"}, {"start": "00:14:19", "end": "00:14:22", "text": "allin on Ethereum. You can kind of see"}, {"start": "00:14:22", "end": "00:14:23", "text": "it right here with the most recent"}, {"start": "00:14:23", "end": "00:14:25", "text": "Fusaka somewhat named out of the"}, {"start": "00:14:25", "end": "00:14:27", "text": "namesake of Osaka, uh, one of the"}, {"start": "00:14:27", "end": "00:14:30", "text": "popular, uh, Japanese cities. And these"}, {"start": "00:14:30", "end": "00:14:31", "text": "are the main features that'll be"}, {"start": "00:14:31", "end": "00:14:33", "text": "launching, uh, early December. And I"}, {"start": "00:14:33", "end": "00:14:36", "text": "also have a clip from DevCon, uh, that's"}, {"start": "00:14:36", "end": "00:14:38", "text": "actually happened today that'll explain"}, {"start": "00:14:38", "end": "00:14:40", "text": "a little bit more. Take a look."}, {"start": "00:14:40", "end": "00:14:42", "text": "So, Ethereum can already process 50%"}, {"start": "00:14:42", "end": "00:14:44", "text": "more transactions than it could at the"}, {"start": "00:14:44", "end": "00:14:47", "text": "start of the year. Over the course of uh"}, {"start": "00:14:47", "end": "00:14:50", "text": "2026, uh we're going to have a bunch of"}, {"start": "00:14:50", "end": "00:14:52", "text": "EIPs that make it possible for the"}, {"start": "00:14:52", "end": "00:14:55", "text": "Ethereum network to safely handle a"}, {"start": "00:14:55", "end": "00:14:58", "text": "larger amount of scale. Look, within 1"}, {"start": "00:14:58", "end": "00:15:00", "text": "to two years, the number of people who"}, {"start": "00:15:00", "end": "00:15:02", "text": "will actually be able to have a full"}, {"start": "00:15:02", "end": "00:15:04", "text": "node will will increase quite a bit"}, {"start": "00:15:04", "end": "00:15:07", "text": "despite the scaling that is happening"}, {"start": "00:15:07", "end": "00:15:08", "text": "over the next two years."}, {"start": "00:15:08", "end": "00:15:10", "text": "Where can we get those glasses?"}, {"start": "00:15:10", "end": "00:15:12", "text": "I think they're like on Amazon."}, {"start": "00:15:12", "end": "00:15:13", "text": "Unfortunately, we haven't made"}, {"start": "00:15:13", "end": "00:15:16", "text": "decentralized Amazon yet. like hackathon"}, {"start": "00:15:16", "end": "00:15:17", "text": "idea."}, {"start": "00:15:17", "end": "00:15:18", "text": "I love that. Just let's just just throw"}, {"start": "00:15:18", "end": "00:15:21", "text": "out a hackathon idea for decentralized."}, {"start": "00:15:21", "end": "00:15:23", "text": "Point being is a lot of upgrades in 2026"}, {"start": "00:15:23", "end": "00:15:26", "text": "coming according to Vitalic. He goes"}, {"start": "00:15:26", "end": "00:15:28", "text": "further into this same conversation"}, {"start": "00:15:28", "end": "00:15:33", "text": "around why Japan is all in on Ethereum."}, {"start": "00:15:33", "end": "00:15:34", "text": "Take a look."}, {"start": "00:15:34", "end": "00:15:36", "text": "The reason why Ethereum was on that list"}, {"start": "00:15:36", "end": "00:15:38", "text": "of elements from science fiction is"}, {"start": "00:15:38", "end": "00:15:40", "text": "because there was this uh Japanese movie"}, {"start": "00:15:40", "end": "00:15:42", "text": "called Castle in the Sky. One of the"}, {"start": "00:15:42", "end": "00:15:44", "text": "central objects was, you know, the"}, {"start": "00:15:44", "end": "00:15:46", "text": "Ethereum crystal. The Ethereum crystal"}, {"start": "00:15:46", "end": "00:15:48", "text": "is like the thing that made the castle"}, {"start": "00:15:48", "end": "00:15:50", "text": "float. I had no idea this is where it"}, {"start": "00:15:50", "end": "00:15:51", "text": "was from, but then, you know, I called"}, {"start": "00:15:51", "end": "00:15:54", "text": "it Ethereum. And then I think our artist"}, {"start": "00:15:54", "end": "00:15:56", "text": "uh like probably knew about the movie"}, {"start": "00:15:56", "end": "00:15:58", "text": "and then like made the logo in the shape"}, {"start": "00:15:58", "end": "00:15:59", "text": "of an Ethereum crystal. And then I"}, {"start": "00:15:59", "end": "00:16:01", "text": "remember like actually watching like"}, {"start": "00:16:01", "end": "00:16:02", "text": "learning about and watching the movie"}, {"start": "00:16:02", "end": "00:16:04", "text": "for the first time literally 5 years"}, {"start": "00:16:04", "end": "00:16:06", "text": "after that. And I'm like, whoa, the"}, {"start": "00:16:06", "end": "00:16:08", "text": "crystal actually looks like the logo."}, {"start": "00:16:08", "end": "00:16:10", "text": "So obviously you can kind of see the"}, {"start": "00:16:10", "end": "00:16:12", "text": "connection there. a lot of uh kind of"}, {"start": "00:16:12", "end": "00:16:14", "text": "soft connections that have really"}, {"start": "00:16:14", "end": "00:16:17", "text": "created kind of the Ethereum lore that I"}, {"start": "00:16:17", "end": "00:16:18", "text": "think again is going to play out in the"}, {"start": "00:16:18", "end": "00:16:20", "text": "Japanese market. Other thing that could"}, {"start": "00:16:20", "end": "00:16:23", "text": "be happening on the ETH ecosystem,"}, {"start": "00:16:23", "end": "00:16:25", "text": "remember if we didn't if you guys didn't"}, {"start": "00:16:25", "end": "00:16:27", "text": "check out our interview last week with"}, {"start": "00:16:27", "end": "00:16:30", "text": "Polygon team uh with Sandy, he mentioned"}, {"start": "00:16:30", "end": "00:16:33", "text": "this and there it is tomorrow"}, {"start": "00:16:33", "end": "00:16:34", "text": "something's coming. We think somewhere"}, {"start": "00:16:34", "end": "00:16:37", "text": "around a $1 trillion big asset manager"}, {"start": "00:16:37", "end": "00:16:39", "text": "could be dropping into the Polygon"}, {"start": "00:16:39", "end": "00:16:41", "text": "ecosystem. of course that benefits"}, {"start": "00:16:41", "end": "00:16:43", "text": "Ethereum. All right, so you guys know"}, {"start": "00:16:43", "end": "00:16:45", "text": "what to do. If you're not in our diamond"}, {"start": "00:16:45", "end": "00:16:46", "text": "circle, make sure and get in right now."}, {"start": "00:16:46", "end": "00:16:47", "text": "It's a great place to get additional"}, {"start": "00:16:47", "end": "00:16:50", "text": "content from us and it's free. All you"}, {"start": "00:16:50", "end": "00:16:51", "text": "have to do is hit the link down below."}, {"start": "00:16:51", "end": "00:16:54", "text": "Follow me out there on XP, Paul Baron."}, {"start": "00:16:54", "end": "00:16:55", "text": "We'll catch you next time right here on"}, {"start": "00:16:55", "end": "00:16:59", "text": "the Paul Baron Show."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Let's dive into Ethereum today and are"}, {"start": "00:00:02", "end": "00:00:05", "text": "whales starting to inject capital into"}, {"start": "00:00:05", "end": "00:00:07", "text": "the network? We'll break it all down for"}, {"start": "00:00:07", "end": "00:00:08", "text": "you. My name is Paul Baron. Welcome back"}, {"start": "00:00:08", "end": "00:00:10", "text": "in. But when you look at digital asset"}, {"start": "00:00:10", "end": "00:00:12", "text": "treasuries, if you kind of look at the"}, {"start": "00:00:12", "end": "00:00:15", "text": "chart right here in terms of these big"}, {"start": "00:00:15", "end": "00:00:17", "text": "yellow bubbles right there, those are"}, {"start": "00:00:17", "end": "00:00:19", "text": "acquisition points. And we continue to"}, {"start": "00:00:19", "end": "00:00:22", "text": "see acquisitions occurring within the"}, {"start": "00:00:22", "end": "00:00:24", "text": "asset treasuries. And you guys have seen"}, {"start": "00:00:24", "end": "00:00:26", "text": "the uh Ether Reserve ranking right"}, {"start": "00:00:26", "end": "00:00:28", "text": "there. We're going to get um of course"}, {"start": "00:00:28", "end": "00:00:30", "text": "BTCS on the show today, but you can kind"}, {"start": "00:00:30", "end": "00:00:32", "text": "of see it. Bit mine leading the pack"}, {"start": "00:00:32", "end": "00:00:34", "text": "there. Uh BTS holding uh the number six."}, {"start": "00:00:34", "end": "00:00:36", "text": "So, we thought let's get Charles in from"}, {"start": "00:00:36", "end": "00:00:38", "text": "BTCS to kind of break down what's"}, {"start": "00:00:38", "end": "00:00:40", "text": "happening in the markets. Charles,"}, {"start": "00:00:40", "end": "00:00:42", "text": "welcome back in. Thanks for coming in."}, {"start": "00:00:42", "end": "00:00:43", "text": "Yeah. Paul, thanks for having me back."}, {"start": "00:00:43", "end": "00:00:45", "text": "It's great to be on the show."}, {"start": "00:00:45", "end": "00:00:47", "text": "So, let's go into a couple of points I"}, {"start": "00:00:47", "end": "00:00:50", "text": "want to hit on. Uh, one thing that uh"}, {"start": "00:00:50", "end": "00:00:51", "text": "you guys put you put out this tweet uh"}, {"start": "00:00:51", "end": "00:00:53", "text": "over the weekend while not material on"}, {"start": "00:00:53", "end": "00:00:56", "text": "Saturday, uh, BTCS picked up another uh,"}, {"start": "00:00:56", "end": "00:00:58", "text": "mil and a half in ETH in the $3,800"}, {"start": "00:00:58", "end": "00:01:01", "text": "range. So, goodbye for you guys. Uh, and"}, {"start": "00:01:01", "end": "00:01:04", "text": "DeFi continues to perform. So, a was"}, {"start": "00:01:04", "end": "00:01:06", "text": "still doing great. UniS swap running"}, {"start": "00:01:06", "end": "00:01:08", "text": "24/7, meaning you've got access. These"}, {"start": "00:01:08", "end": "00:01:10", "text": "are the kind of things that happen"}, {"start": "00:01:10", "end": "00:01:12", "text": "throughout these weekends. Why, first of"}, {"start": "00:01:12", "end": "00:01:14", "text": "all, why do you think we were seeing"}, {"start": "00:01:14", "end": "00:01:17", "text": "both institutional companies like"}, {"start": "00:01:17", "end": "00:01:19", "text": "yourself in the on the digital asset"}, {"start": "00:01:19", "end": "00:01:22", "text": "treasury groups really going allin in a"}, {"start": "00:01:22", "end": "00:01:24", "text": "time where I think a lot of traders were"}, {"start": "00:01:24", "end": "00:01:26", "text": "very very spooked by what happened over"}, {"start": "00:01:26", "end": "00:01:27", "text": "the weekend?"}, {"start": "00:01:27", "end": "00:01:29", "text": "I mean, I think you'll always have that"}, {"start": "00:01:29", "end": "00:01:31", "text": "issue of traders trading, right? They're"}, {"start": "00:01:31", "end": "00:01:34", "text": "going to trade the the short-term um you"}, {"start": "00:01:34", "end": "00:01:36", "text": "know, volatility of a market. And so, we"}, {"start": "00:01:36", "end": "00:01:38", "text": "have a very long-term view on Ethereum."}, {"start": "00:01:38", "end": "00:01:40", "text": "uh we're very bullish on on what it's"}, {"start": "00:01:40", "end": "00:01:42", "text": "going to do to uh change the way digital"}, {"start": "00:01:42", "end": "00:01:44", "text": "assets are moved on a global scale. And"}, {"start": "00:01:44", "end": "00:01:46", "text": "so when we see a market crash, I mean"}, {"start": "00:01:46", "end": "00:01:48", "text": "that that's that's the best time to buy,"}, {"start": "00:01:48", "end": "00:01:49", "text": "right? There's always that expression"}, {"start": "00:01:49", "end": "00:01:50", "text": "like when you're getting stock advice"}, {"start": "00:01:50", "end": "00:01:52", "text": "from like the hot dog vendor in New York"}, {"start": "00:01:52", "end": "00:01:53", "text": "City, it's the time to sell."}, {"start": "00:01:53", "end": "00:01:55", "text": "Uh when everybody else is selling, it's"}, {"start": "00:01:55", "end": "00:01:57", "text": "the time to buy. So, you know, we saw"}, {"start": "00:01:57", "end": "00:02:00", "text": "that that kind of flash crash on Friday."}, {"start": "00:02:00", "end": "00:02:01", "text": "Unfortunately, I was I was at dinner"}, {"start": "00:02:01", "end": "00:02:02", "text": "with the family, so we couldn't uh you"}, {"start": "00:02:02", "end": "00:02:04", "text": "know, pull the trigger and do anything"}, {"start": "00:02:04", "end": "00:02:05", "text": "that night. But, you know, we started"}, {"start": "00:02:05", "end": "00:02:07", "text": "the discussion and you know, on"}, {"start": "00:02:07", "end": "00:02:10", "text": "Saturday, we had you know, picked up um"}, {"start": "00:02:10", "end": "00:02:11", "text": "you know, another million and a half of"}, {"start": "00:02:11", "end": "00:02:13", "text": "ETH. And what was great is we were able"}, {"start": "00:02:13", "end": "00:02:16", "text": "to do that on DeFi. So, had we been"}, {"start": "00:02:16", "end": "00:02:19", "text": "using traditional exchanges, it was, you"}, {"start": "00:02:19", "end": "00:02:20", "text": "know, if it was Pratify, we wouldn't"}, {"start": "00:02:20", "end": "00:02:21", "text": "have been able to do that. And so, we"}, {"start": "00:02:21", "end": "00:02:23", "text": "were able to capture that, you know,"}, {"start": "00:02:23", "end": "00:02:25", "text": "that that well, as close to the bottom"}, {"start": "00:02:25", "end": "00:02:26", "text": "as we possibly could."}, {"start": "00:02:26", "end": "00:02:28", "text": "Well, and I think you hit it right here"}, {"start": "00:02:28", "end": "00:02:30", "text": "on this tweet. We saw the market flash"}, {"start": "00:02:30", "end": "00:02:32", "text": "crash. You guys remaining rock solid."}, {"start": "00:02:32", "end": "00:02:34", "text": "We're all we are well over"}, {"start": "00:02:34", "end": "00:02:36", "text": "collateralized with zero liquidation. So"}, {"start": "00:02:36", "end": "00:02:38", "text": "that's another advantage that you've got"}, {"start": "00:02:38", "end": "00:02:40", "text": "uh in terms of how you guys are playing"}, {"start": "00:02:40", "end": "00:02:43", "text": "this market, which I think is a good"}, {"start": "00:02:43", "end": "00:02:44", "text": "benefit to a lot of the people who hold"}, {"start": "00:02:44", "end": "00:02:47", "text": "BTCS when you look at institutions right"}, {"start": "00:02:47", "end": "00:02:49", "text": "now, Charles, and you kind of compare"}, {"start": "00:02:49", "end": "00:02:52", "text": "this. I'll go to the ETH uh the ETH ETF"}, {"start": "00:02:52", "end": "00:02:54", "text": "tracker and these outflows that we've"}, {"start": "00:02:54", "end": "00:02:56", "text": "started to see. Now typically what has"}, {"start": "00:02:56", "end": "00:02:59", "text": "happened after these massive outflows if"}, {"start": "00:02:59", "end": "00:03:01", "text": "we we have started to see the price of"}, {"start": "00:03:01", "end": "00:03:03", "text": "ETH start to track back up again. So"}, {"start": "00:03:03", "end": "00:03:05", "text": "this is perfect timing or it appears to"}, {"start": "00:03:05", "end": "00:03:07", "text": "be perfect timing for companies like"}, {"start": "00:03:07", "end": "00:03:10", "text": "yourself and others to really pack in a"}, {"start": "00:03:10", "end": "00:03:12", "text": "lot of opportunity of buying these dips."}, {"start": "00:03:12", "end": "00:03:14", "text": "Is this a typical strategy that you guys"}, {"start": "00:03:14", "end": "00:03:16", "text": "are implementing? I"}, {"start": "00:03:16", "end": "00:03:17", "text": "it is and we have kind of two"}, {"start": "00:03:17", "end": "00:03:19", "text": "strategies, right? We have a $50 million"}, {"start": "00:03:19", "end": "00:03:21", "text": "buyback in place. So, we're buying back"}, {"start": "00:03:21", "end": "00:03:23", "text": "shares when the stock dips and we have,"}, {"start": "00:03:23", "end": "00:03:25", "text": "you know, we see opportunity on the east"}, {"start": "00:03:25", "end": "00:03:27", "text": "side, we're going to do the same. And"}, {"start": "00:03:27", "end": "00:03:29", "text": "so, I I think it's it's very natural"}, {"start": "00:03:29", "end": "00:03:31", "text": "that when there's a flash crash or"}, {"start": "00:03:31", "end": "00:03:33", "text": "there's uncertainty, people panic sell."}, {"start": "00:03:33", "end": "00:03:35", "text": "And that creates a great opportunity,"}, {"start": "00:03:35", "end": "00:03:37", "text": "right? When everybody is chasing chasing"}, {"start": "00:03:37", "end": "00:03:39", "text": "the highs and there's fear of missing"}, {"start": "00:03:39", "end": "00:03:40", "text": "out and buying, that's typically when"}, {"start": "00:03:40", "end": "00:03:42", "text": "it's it's a great time to kind of take a"}, {"start": "00:03:42", "end": "00:03:44", "text": "pause and say, \"Okay, well, what is my"}, {"start": "00:03:44", "end": "00:03:46", "text": "valuation? Is this the right is this the"}, {"start": "00:03:46", "end": "00:03:48", "text": "right timing to to you know institute a"}, {"start": "00:03:48", "end": "00:03:49", "text": "move?"}, {"start": "00:03:49", "end": "00:03:51", "text": "Right. Well, you can kind of see it"}, {"start": "00:03:51", "end": "00:03:53", "text": "right here. This is the uh total"}, {"start": "00:03:53", "end": "00:03:55", "text": "Ethereum spot ETF net inflow outflow."}, {"start": "00:03:55", "end": "00:03:57", "text": "These are the outflows that happen and"}, {"start": "00:03:57", "end": "00:04:00", "text": "then we see these bounces right here."}, {"start": "00:04:00", "end": "00:04:02", "text": "So, coming off that boom. Then we see"}, {"start": "00:04:02", "end": "00:04:05", "text": "the ETH price start to move up, which I"}, {"start": "00:04:05", "end": "00:04:07", "text": "think is kind of in align with with what"}, {"start": "00:04:07", "end": "00:04:08", "text": "you guys are trying to do from a"}, {"start": "00:04:08", "end": "00:04:11", "text": "strategy standpoint. uh when you look at"}, {"start": "00:04:11", "end": "00:04:14", "text": "ETF holders versus asset treasury"}, {"start": "00:04:14", "end": "00:04:16", "text": "holders, why do you think because this"}, {"start": "00:04:16", "end": "00:04:18", "text": "seems like a completely different"}, {"start": "00:04:18", "end": "00:04:20", "text": "audience now like you're you're"}, {"start": "00:04:20", "end": "00:04:22", "text": "marketing to different people. Kind of"}, {"start": "00:04:22", "end": "00:04:24", "text": "give me the breakdown of the two."}, {"start": "00:04:24", "end": "00:04:26", "text": "I think so. I mean I think you know ETFs"}, {"start": "00:04:26", "end": "00:04:28", "text": "one are just targeting holding that"}, {"start": "00:04:28", "end": "00:04:31", "text": "underlying and so there's a lot of the"}, {"start": "00:04:31", "end": "00:04:33", "text": "investors in an ETF maybe arbitrageing"}, {"start": "00:04:33", "end": "00:04:36", "text": "that against a digital asset treasury"}, {"start": "00:04:36", "end": "00:04:38", "text": "company. I've spoken to larger"}, {"start": "00:04:38", "end": "00:04:39", "text": "institutions that are actually doing"}, {"start": "00:04:39", "end": "00:04:41", "text": "that and saying well okay if a if a"}, {"start": "00:04:41", "end": "00:04:42", "text": "company that doesn't have much"}, {"start": "00:04:42", "end": "00:04:44", "text": "operations and all it does is hold let's"}, {"start": "00:04:44", "end": "00:04:46", "text": "say ETH they can sell that short and buy"}, {"start": "00:04:46", "end": "00:04:49", "text": "the ETF as the uh and arbitrage it. So I"}, {"start": "00:04:49", "end": "00:04:51", "text": "think in the public markets there's a"}, {"start": "00:04:51", "end": "00:04:52", "text": "lot that that's going to go on that is"}, {"start": "00:04:52", "end": "00:04:54", "text": "not as simple as the price going up or"}, {"start": "00:04:54", "end": "00:04:57", "text": "down or I'm buying low selling high. um"}, {"start": "00:04:57", "end": "00:05:00", "text": "it's much more complex and so I mean"}, {"start": "00:05:00", "end": "00:05:01", "text": "that's why it created an opportunity"}, {"start": "00:05:01", "end": "00:05:03", "text": "over the weekend where you know"}, {"start": "00:05:03", "end": "00:05:05", "text": "traditional markets are closed and we're"}, {"start": "00:05:05", "end": "00:05:07", "text": "able to go in there and use DeFi and and"}, {"start": "00:05:07", "end": "00:05:09", "text": "you know borrow and and and you know"}, {"start": "00:05:09", "end": "00:05:11", "text": "increase our exposure to ETH and it"}, {"start": "00:05:11", "end": "00:05:12", "text": "seems like it was a pretty good call"}, {"start": "00:05:12", "end": "00:05:15", "text": "based on you know where ETH is uh you"}, {"start": "00:05:15", "end": "00:05:17", "text": "know after the long weekend right it's"}, {"start": "00:05:17", "end": "00:05:19", "text": "back it's back up in the 4,000 range I"}, {"start": "00:05:19", "end": "00:05:20", "text": "think it got up to like you know close"}, {"start": "00:05:20", "end": "00:05:23", "text": "to 4500 and I haven't looked at the"}, {"start": "00:05:23", "end": "00:05:24", "text": "moment but it's"}, {"start": "00:05:24", "end": "00:05:26", "text": "uh it was definitely a good opportunity."}, {"start": "00:05:26", "end": "00:05:28", "text": "Yeah. Well, I think you know when we see"}, {"start": "00:05:28", "end": "00:05:30", "text": "the markets uh doing what they are right"}, {"start": "00:05:30", "end": "00:05:32", "text": "now and I think a lot of people were in"}, {"start": "00:05:32", "end": "00:05:33", "text": "the position where if they could get"}, {"start": "00:05:33", "end": "00:05:36", "text": "into this dip, this was a great uh"}, {"start": "00:05:36", "end": "00:05:38", "text": "benefit. And I think the key here is"}, {"start": "00:05:38", "end": "00:05:40", "text": "watching how the markets respond now"}, {"start": "00:05:40", "end": "00:05:43", "text": "from here going forward. You look at the"}, {"start": "00:05:43", "end": "00:05:44", "text": "news, you put out this statement right"}, {"start": "00:05:44", "end": "00:05:46", "text": "here, big news from Sharpink Gaming."}, {"start": "00:05:46", "end": "00:05:49", "text": "They announced tokenization of ESB."}, {"start": "00:05:49", "end": "00:05:51", "text": "They're doing it the right way. your"}, {"start": "00:05:51", "end": "00:05:53", "text": "claim here unlike if you look at"}, {"start": "00:05:53", "end": "00:05:55", "text": "something of what's happening over on uh"}, {"start": "00:05:55", "end": "00:05:57", "text": "which puts a lot more economic pressure"}, {"start": "00:05:57", "end": "00:06:00", "text": "on this around ownership. Explain to our"}, {"start": "00:06:00", "end": "00:06:03", "text": "audience why this is a good move doing"}, {"start": "00:06:03", "end": "00:06:04", "text": "it this way. I know you guys are"}, {"start": "00:06:04", "end": "00:06:06", "text": "obviously in this direction as well."}, {"start": "00:06:06", "end": "00:06:08", "text": "Yeah, we already did this, right? We did"}, {"start": "00:06:08", "end": "00:06:10", "text": "this um not on Superstate, we did this"}, {"start": "00:06:10", "end": "00:06:12", "text": "on um Upstream. So, it was a platform"}, {"start": "00:06:12", "end": "00:06:15", "text": "that tokenized our stock on Ethereum's"}, {"start": "00:06:15", "end": "00:06:16", "text": "blockchain. I think it was like three"}, {"start": "00:06:16", "end": "00:06:20", "text": "years ago and and it's a very um lengthy"}, {"start": "00:06:20", "end": "00:06:22", "text": "process to get it's a very very hard"}, {"start": "00:06:22", "end": "00:06:24", "text": "process, right? You've got to get"}, {"start": "00:06:24", "end": "00:06:25", "text": "liquidity and you've got to get"}, {"start": "00:06:25", "end": "00:06:28", "text": "companies on board these platforms. So I"}, {"start": "00:06:28", "end": "00:06:30", "text": "think overall tokenizing stock the right"}, {"start": "00:06:30", "end": "00:06:32", "text": "way and that's very important the right"}, {"start": "00:06:32", "end": "00:06:34", "text": "way where you're actually a record"}, {"start": "00:06:34", "end": "00:06:36", "text": "holder and you actually own those"}, {"start": "00:06:36", "end": "00:06:39", "text": "securities it is is extremely"}, {"start": "00:06:39", "end": "00:06:41", "text": "fundamental in reforming how the capital"}, {"start": "00:06:41", "end": "00:06:43", "text": "markets work. I think tokenizing stock"}, {"start": "00:06:43", "end": "00:06:45", "text": "in the wrong way and I would put that as"}, {"start": "00:06:45", "end": "00:06:46", "text": "you know going and getting the shares"}, {"start": "00:06:46", "end": "00:06:48", "text": "from a brokerage firm and then"}, {"start": "00:06:48", "end": "00:06:50", "text": "tokenizing those where you can have"}, {"start": "00:06:50", "end": "00:06:52", "text": "fractional shares and nobody knows who"}, {"start": "00:06:52", "end": "00:06:54", "text": "owns what because"}, {"start": "00:06:54", "end": "00:06:55", "text": "the company issues you the shares it"}, {"start": "00:06:55", "end": "00:06:57", "text": "goes to seed and co and then it goes to"}, {"start": "00:06:57", "end": "00:06:59", "text": "the brokers and it's just a legal"}, {"start": "00:06:59", "end": "00:07:01", "text": "representation of ownership through a"}, {"start": "00:07:01", "end": "00:07:03", "text": "chain that keeps adding layers and"}, {"start": "00:07:03", "end": "00:07:05", "text": "layers on top of which is how you end up"}, {"start": "00:07:05", "end": "00:07:06", "text": "with phantom shares and all these issues"}, {"start": "00:07:06", "end": "00:07:08", "text": "in the market. So, I'm I'm super excited"}, {"start": "00:07:08", "end": "00:07:10", "text": "when someone, you know, an entity like"}, {"start": "00:07:10", "end": "00:07:11", "text": "Sharp Link comes out and says, \"Hey,"}, {"start": "00:07:11", "end": "00:07:12", "text": "we're going to do this and we're going"}, {"start": "00:07:12", "end": "00:07:13", "text": "to do it the right way. We're going to"}, {"start": "00:07:13", "end": "00:07:14", "text": "do it on a platform where you actually"}, {"start": "00:07:14", "end": "00:07:16", "text": "have direct ownership of those shares."}, {"start": "00:07:16", "end": "00:07:17", "text": "It's something we did in the past. We're"}, {"start": "00:07:17", "end": "00:07:19", "text": "not going to pioneer it again. Um, we're"}, {"start": "00:07:19", "end": "00:07:20", "text": "going to let other people take the"}, {"start": "00:07:20", "end": "00:07:22", "text": "arrows and make it work and if if they"}, {"start": "00:07:22", "end": "00:07:24", "text": "do a good job at it, we'll follow suit,"}, {"start": "00:07:24", "end": "00:07:25", "text": "but it's definitely something I'm"}, {"start": "00:07:25", "end": "00:07:27", "text": "excited to see happen happen, especially"}, {"start": "00:07:27", "end": "00:07:29", "text": "on, you know, Ethereum's blockchain."}, {"start": "00:07:29", "end": "00:07:32", "text": "Do you think that this solves the uh the"}, {"start": "00:07:32", "end": "00:07:34", "text": "stock lending problem? you know, when"}, {"start": "00:07:34", "end": "00:07:36", "text": "you're dealing with real ownership of"}, {"start": "00:07:36", "end": "00:07:38", "text": "that stock applying to tok the"}, {"start": "00:07:38", "end": "00:07:40", "text": "tokenization process right now,"}, {"start": "00:07:40", "end": "00:07:42", "text": "it it should I mean, the issue you have"}, {"start": "00:07:42", "end": "00:07:42", "text": "right now, and this is one of the"}, {"start": "00:07:42", "end": "00:07:45", "text": "reasons why we did the the dividend is"}, {"start": "00:07:45", "end": "00:07:46", "text": "if you own stock and let's say our"}, {"start": "00:07:46", "end": "00:07:50", "text": "company um your broker can and and will"}, {"start": "00:07:50", "end": "00:07:53", "text": "loan it out uh without notifying you,"}, {"start": "00:07:53", "end": "00:07:56", "text": "without tell without paying you"}, {"start": "00:07:56", "end": "00:07:58", "text": "and so someone can bet against you and"}, {"start": "00:07:58", "end": "00:07:59", "text": "then they pull all those shares together"}, {"start": "00:07:59", "end": "00:08:01", "text": "on a lending desk and then institutions"}, {"start": "00:08:01", "end": "00:08:02", "text": "can go to that lending desk, borrow"}, {"start": "00:08:02", "end": "00:08:04", "text": "those shares and bet against the"}, {"start": "00:08:04", "end": "00:08:06", "text": "fundamental investor. So if you if you"}, {"start": "00:08:06", "end": "00:08:07", "text": "tokenize those securities and you put"}, {"start": "00:08:07", "end": "00:08:10", "text": "them on a blockchain, um you you have"}, {"start": "00:08:10", "end": "00:08:13", "text": "the ability to eliminate that issue. Um"}, {"start": "00:08:13", "end": "00:08:14", "text": "you also don't have market makers that"}, {"start": "00:08:14", "end": "00:08:16", "text": "can print fake shares that don't exist."}, {"start": "00:08:16", "end": "00:08:17", "text": "It's like selling the you know the title"}, {"start": "00:08:17", "end": "00:08:19", "text": "to a house you don't own."}, {"start": "00:08:19", "end": "00:08:22", "text": "So it eliminates all of those issues."}, {"start": "00:08:22", "end": "00:08:25", "text": "It's a much harder model to start from"}, {"start": "00:08:25", "end": "00:08:28", "text": "scratch and get into the market. And"}, {"start": "00:08:28", "end": "00:08:30", "text": "that's why I worry that the tokenization"}, {"start": "00:08:30", "end": "00:08:32", "text": "of stocks through brokerage firms is"}, {"start": "00:08:32", "end": "00:08:34", "text": "really a toxic thing for the capital"}, {"start": "00:08:34", "end": "00:08:35", "text": "markets because now you've got a"}, {"start": "00:08:35", "end": "00:08:36", "text": "brokerage firm which could be lending"}, {"start": "00:08:36", "end": "00:08:39", "text": "your shares, which could be, you know,"}, {"start": "00:08:39", "end": "00:08:41", "text": "printing printing fake ones, which"}, {"start": "00:08:41", "end": "00:08:43", "text": "market makers do. They they basically"}, {"start": "00:08:43", "end": "00:08:45", "text": "invent fake shares and sell them,"}, {"start": "00:08:45", "end": "00:08:47", "text": "assuming they have the assumption that"}, {"start": "00:08:47", "end": "00:08:48", "text": "they're going to be able to reby those,"}, {"start": "00:08:48", "end": "00:08:50", "text": "right? It's called market. And in any"}, {"start": "00:08:50", "end": "00:08:52", "text": "other business, it's it's it's fraud in"}, {"start": "00:08:52", "end": "00:08:54", "text": "the stock market. It's it's legal."}, {"start": "00:08:54", "end": "00:08:55", "text": "Yeah."}, {"start": "00:08:55", "end": "00:08:58", "text": "And so if if now they can loan or make"}, {"start": "00:08:58", "end": "00:09:01", "text": "up shares or give shares to a token in a"}, {"start": "00:09:01", "end": "00:09:04", "text": "tokenized form on a platform that's a"}, {"start": "00:09:04", "end": "00:09:06", "text": "layer below that, it's just it's just"}, {"start": "00:09:06", "end": "00:09:08", "text": "piling on a what is already a bad"}, {"start": "00:09:08", "end": "00:09:09", "text": "system. So it's using blockchain"}, {"start": "00:09:09", "end": "00:09:12", "text": "technology to propagate a a and make a"}, {"start": "00:09:12", "end": "00:09:14", "text": "system that's already bad worse versus"}, {"start": "00:09:14", "end": "00:09:16", "text": "saying hey this technology can"}, {"start": "00:09:16", "end": "00:09:18", "text": "completely rewrite how we do things and"}, {"start": "00:09:18", "end": "00:09:20", "text": "let's use that in the correct way. Yeah,"}, {"start": "00:09:20", "end": "00:09:21", "text": "I think the strategies that you guys"}, {"start": "00:09:21", "end": "00:09:23", "text": "have taken, of course, this will be"}, {"start": "00:09:23", "end": "00:09:24", "text": "interesting, especially around the"}, {"start": "00:09:24", "end": "00:09:26", "text": "dividend. I was also looking at your"}, {"start": "00:09:26", "end": "00:09:29", "text": "tweet here when you had the dividend"}, {"start": "00:09:29", "end": "00:09:30", "text": "issued. How many people took advantage"}, {"start": "00:09:30", "end": "00:09:32", "text": "of this? Let me kind of zoom in on that."}, {"start": "00:09:32", "end": "00:09:36", "text": "U we haven't put that out yet, but it's"}, {"start": "00:09:36", "end": "00:09:37", "text": "in terms of total number of shares, I"}, {"start": "00:09:37", "end": "00:09:39", "text": "mean, if you exclude management, it's"}, {"start": "00:09:39", "end": "00:09:41", "text": "it's material. Um,"}, {"start": "00:09:41", "end": "00:09:42", "text": "wow."}, {"start": "00:09:42", "end": "00:09:43", "text": "And we actually already paid the"}, {"start": "00:09:43", "end": "00:09:45", "text": "dividend, which is great. We we we it"}, {"start": "00:09:45", "end": "00:09:47", "text": "took a little longer to to reconcile"}, {"start": "00:09:47", "end": "00:09:48", "text": "some of the documents than we thought,"}, {"start": "00:09:48", "end": "00:09:51", "text": "but that got paid out last week. So, we"}, {"start": "00:09:51", "end": "00:09:53", "text": "had set a record a payment date of on or"}, {"start": "00:09:53", "end": "00:09:56", "text": "before October 17th. If you are"}, {"start": "00:09:56", "end": "00:09:58", "text": "now, if you're getting cash, that's"}, {"start": "00:09:58", "end": "00:09:59", "text": "going to go out on the payment date."}, {"start": "00:09:59", "end": "00:10:00", "text": "We've actually already paid it. It goes"}, {"start": "00:10:00", "end": "00:10:02", "text": "to DTCC and they're going to give it to"}, {"start": "00:10:02", "end": "00:10:03", "text": "the brokers and the brokers are going to"}, {"start": "00:10:03", "end": "00:10:05", "text": "go pay it to the shareholders, whoever"}, {"start": "00:10:05", "end": "00:10:08", "text": "they may be, uh at that at that time."}, {"start": "00:10:08", "end": "00:10:10", "text": "And so, if you if you took cash, you'll"}, {"start": "00:10:10", "end": "00:10:12", "text": "get it on October 17th. And if you're"}, {"start": "00:10:12", "end": "00:10:13", "text": "short the stock, you'll pay it on"}, {"start": "00:10:13", "end": "00:10:14", "text": "October 17th."}, {"start": "00:10:14", "end": "00:10:16", "text": "All right. And if you took ETH is the"}, {"start": "00:10:16", "end": "00:10:17", "text": "same date, I'm assuming."}, {"start": "00:10:17", "end": "00:10:19", "text": "We didn't pay it the same day. We just"}, {"start": "00:10:19", "end": "00:10:21", "text": "we did it sometime last week. Um"}, {"start": "00:10:21", "end": "00:10:22", "text": "All right."}, {"start": "00:10:22", "end": "00:10:24", "text": "It was it was fast, right? I mean, we it"}, {"start": "00:10:24", "end": "00:10:26", "text": "it was processed, you know, it took an"}, {"start": "00:10:26", "end": "00:10:29", "text": "hour to process. Um it was just a"}, {"start": "00:10:29", "end": "00:10:30", "text": "question of making sure we had all of"}, {"start": "00:10:30", "end": "00:10:32", "text": "the documents pay in place that people"}, {"start": "00:10:32", "end": "00:10:34", "text": "had opted in. So So right now, and if"}, {"start": "00:10:34", "end": "00:10:35", "text": "you look at our business on the capital"}, {"start": "00:10:35", "end": "00:10:37", "text": "market side, you know, we did the"}, {"start": "00:10:37", "end": "00:10:38", "text": "dividend, we've got a $50 million"}, {"start": "00:10:38", "end": "00:10:41", "text": "buyback. Uh on the operational side, I"}, {"start": "00:10:41", "end": "00:10:42", "text": "think that's where we really want to"}, {"start": "00:10:42", "end": "00:10:46", "text": "provide investors with um you know"}, {"start": "00:10:46", "end": "00:10:47", "text": "phenomenal exposure to ETH and beyond."}, {"start": "00:10:47", "end": "00:10:49", "text": "And I say and beyond because we do more"}, {"start": "00:10:49", "end": "00:10:51", "text": "than just hold ETH. We have an operating"}, {"start": "00:10:51", "end": "00:10:53", "text": "business where we're um we're a block"}, {"start": "00:10:53", "end": "00:10:54", "text": "builder. We represent anywhere between 1"}, {"start": "00:10:54", "end": "00:10:57", "text": "to 3% of all transactions that land on"}, {"start": "00:10:57", "end": "00:10:59", "text": "ETH with our block builder. Uh and that"}, {"start": "00:10:59", "end": "00:11:01", "text": "includes all the L2s. You know, that"}, {"start": "00:11:01", "end": "00:11:03", "text": "that's a growing business. It was 80% of"}, {"start": "00:11:03", "end": "00:11:06", "text": "our revenue in the last quarter. it was"}, {"start": "00:11:06", "end": "00:11:09", "text": "a huge driver in uh last year for our"}, {"start": "00:11:09", "end": "00:11:11", "text": "revenue. So we think that you know that"}, {"start": "00:11:11", "end": "00:11:12", "text": "that's a core function. So we have our"}, {"start": "00:11:12", "end": "00:11:14", "text": "validator operations which is basically"}, {"start": "00:11:14", "end": "00:11:16", "text": "staking with with higher yield because"}, {"start": "00:11:16", "end": "00:11:17", "text": "we do it ourselves. We have our block"}, {"start": "00:11:17", "end": "00:11:20", "text": "builder which is uh high high revenue"}, {"start": "00:11:20", "end": "00:11:22", "text": "and and revenue growth. And we're"}, {"start": "00:11:22", "end": "00:11:23", "text": "looking at other other ways we can"}, {"start": "00:11:23", "end": "00:11:27", "text": "generate revenue within the Ethereum"}, {"start": "00:11:27", "end": "00:11:29", "text": "ecosystem because it really unlike"}, {"start": "00:11:29", "end": "00:11:31", "text": "Bitcoin, Ethereum is a you know it's a"}, {"start": "00:11:31", "end": "00:11:33", "text": "it's a it's a digital economy and you"}, {"start": "00:11:33", "end": "00:11:34", "text": "can build businesses with it. And so"}, {"start": "00:11:34", "end": "00:11:35", "text": "that's what we're really looking at"}, {"start": "00:11:35", "end": "00:11:38", "text": "doing is like how do we be expand beyond"}, {"start": "00:11:38", "end": "00:11:41", "text": "just hey we're a validator node operator"}, {"start": "00:11:41", "end": "00:11:43", "text": "and we're a block builder and we're"}, {"start": "00:11:43", "end": "00:11:44", "text": "we're also doing these other things and"}, {"start": "00:11:44", "end": "00:11:46", "text": "we spent a lot of time researching that."}, {"start": "00:11:46", "end": "00:11:48", "text": "Um the the a lot of it's built we're"}, {"start": "00:11:48", "end": "00:11:50", "text": "just trying to figure out the accounting"}, {"start": "00:11:50", "end": "00:11:51", "text": "which we tend to we like to get the"}, {"start": "00:11:51", "end": "00:11:53", "text": "accounting right before we jump in. I"}, {"start": "00:11:53", "end": "00:11:55", "text": "think a lot of these debts have started"}, {"start": "00:11:55", "end": "00:11:56", "text": "to jump into things that they don't"}, {"start": "00:11:56", "end": "00:11:58", "text": "understand the accounting side and"}, {"start": "00:11:58", "end": "00:11:59", "text": "they're going to pay the price later."}, {"start": "00:11:59", "end": "00:12:01", "text": "Uh but that that's kind of you know how"}, {"start": "00:12:01", "end": "00:12:03", "text": "we see ourselves moving forward."}, {"start": "00:12:03", "end": "00:12:05", "text": "Okay. So you look at this flash crash,"}, {"start": "00:12:05", "end": "00:12:09", "text": "you compare how retail and traditional"}, {"start": "00:12:09", "end": "00:12:11", "text": "traders dealt with this versus"}, {"start": "00:12:11", "end": "00:12:13", "text": "institutional."}, {"start": "00:12:13", "end": "00:12:14", "text": "Did this not really have much of an"}, {"start": "00:12:14", "end": "00:12:16", "text": "impact do you feel on the institutional"}, {"start": "00:12:16", "end": "00:12:19", "text": "side and this was just another"}, {"start": "00:12:19", "end": "00:12:21", "text": "opportunity for institutions to buy into"}, {"start": "00:12:21", "end": "00:12:21", "text": "this?"}, {"start": "00:12:21", "end": "00:12:23", "text": "It depends on the institutions if they"}, {"start": "00:12:23", "end": "00:12:24", "text": "were levered. Yeah. Yeah, I mean there"}, {"start": "00:12:24", "end": "00:12:27", "text": "was I think there was $180 million of a"}, {"start": "00:12:27", "end": "00:12:29", "text": "that was uh loans on a that were"}, {"start": "00:12:29", "end": "00:12:31", "text": "liquidated which is great that that that"}, {"start": "00:12:31", "end": "00:12:34", "text": "whole um ecosystem in DeFi lending"}, {"start": "00:12:34", "end": "00:12:36", "text": "protocol held up and didn't didn't"}, {"start": "00:12:36", "end": "00:12:36", "text": "break."}, {"start": "00:12:36", "end": "00:12:39", "text": "Uh I think there was issues with Binance"}, {"start": "00:12:39", "end": "00:12:40", "text": "if if I recall where"}, {"start": "00:12:40", "end": "00:12:41", "text": "there was"}, {"start": "00:12:41", "end": "00:12:42", "text": "in that crash they had issues and that"}, {"start": "00:12:42", "end": "00:12:46", "text": "that really speaks to how powerful DeFi"}, {"start": "00:12:46", "end": "00:12:48", "text": "is. But back to your original questions"}, {"start": "00:12:48", "end": "00:12:50", "text": "for institutions if they're uh, you"}, {"start": "00:12:50", "end": "00:12:52", "text": "know, properly invested and have the"}, {"start": "00:12:52", "end": "00:12:54", "text": "right, you know, risk risk management"}, {"start": "00:12:54", "end": "00:12:56", "text": "procedures and policies in place. I"}, {"start": "00:12:56", "end": "00:12:58", "text": "don't think it really made much of a"}, {"start": "00:12:58", "end": "00:12:58", "text": "difference at all."}, {"start": "00:12:58", "end": "00:13:00", "text": "When you look at the Ethereum price"}, {"start": "00:13:00", "end": "00:13:02", "text": "right now, some adjustment adjustment"}, {"start": "00:13:02", "end": "00:13:06", "text": "now. Do you feel like this is a $4,500"}, {"start": "00:13:06", "end": "00:13:10", "text": "ETH first or a $3,500 ETH first? Where"}, {"start": "00:13:10", "end": "00:13:12", "text": "do you see this price going? I mean, I I"}, {"start": "00:13:12", "end": "00:13:14", "text": "think I I'd like to believe it's a 4500,"}, {"start": "00:13:14", "end": "00:13:17", "text": "but again, I'm I'm biased. I'm bullish"}, {"start": "00:13:17", "end": "00:13:20", "text": "on ETH. I'm bullish on blockchain. So,"}, {"start": "00:13:20", "end": "00:13:21", "text": "we'll see. I wouldn't it wouldn't shock"}, {"start": "00:13:21", "end": "00:13:23", "text": "me if it dropped back down. These things"}, {"start": "00:13:23", "end": "00:13:25", "text": "happen. The market goes up and down. I"}, {"start": "00:13:25", "end": "00:13:26", "text": "think the better question is where is it"}, {"start": "00:13:26", "end": "00:13:28", "text": "going to be at the end of the year?"}, {"start": "00:13:28", "end": "00:13:29", "text": "Where is it going to be a year from now?"}, {"start": "00:13:29", "end": "00:13:30", "text": "Where's it going to be two, three years"}, {"start": "00:13:30", "end": "00:13:33", "text": "from now? Um, and that that's where I'm"}, {"start": "00:13:33", "end": "00:13:34", "text": "I'm most bullish. Not really what"}, {"start": "00:13:34", "end": "00:13:35", "text": "happens."}, {"start": "00:13:35", "end": "00:13:37", "text": "When you look at the kind of investor"}, {"start": "00:13:37", "end": "00:13:39", "text": "that you guys are are I won't say"}, {"start": "00:13:39", "end": "00:13:42", "text": "profiling but attracting do you feel"}, {"start": "00:13:42", "end": "00:13:44", "text": "like they are in a position where they"}, {"start": "00:13:44", "end": "00:13:47", "text": "are looking at this long-term like most"}, {"start": "00:13:47", "end": "00:13:50", "text": "ETH holders or do you feel like hey no"}, {"start": "00:13:50", "end": "00:13:52", "text": "this is this is kind of the the slot"}, {"start": "00:13:52", "end": "00:13:54", "text": "that we're looking at for short and"}, {"start": "00:13:54", "end": "00:13:56", "text": "interim burst on investing in the stock"}, {"start": "00:13:56", "end": "00:13:58", "text": "market and this just is our play on"}, {"start": "00:13:58", "end": "00:14:01", "text": "crypto. Well, I I look I I love all"}, {"start": "00:14:01", "end": "00:14:02", "text": "long-term fundamental investors that"}, {"start": "00:14:02", "end": "00:14:04", "text": "believe in the business and having a mix"}, {"start": "00:14:04", "end": "00:14:06", "text": "of retail and institutional because I"}, {"start": "00:14:06", "end": "00:14:08", "text": "think that's the perfect balance. The"}, {"start": "00:14:08", "end": "00:14:10", "text": "reality is that doesn't exist. If you're"}, {"start": "00:14:10", "end": "00:14:11", "text": "a public company, anyone can go buy your"}, {"start": "00:14:11", "end": "00:14:14", "text": "stock. And we have a lot of um"}, {"start": "00:14:14", "end": "00:14:15", "text": "short-term investors that look on a"}, {"start": "00:14:15", "end": "00:14:17", "text": "day-to-day basis. We have investors that"}, {"start": "00:14:17", "end": "00:14:18", "text": "are, you know, buying the stock and"}, {"start": "00:14:18", "end": "00:14:21", "text": "selling covered calls. We have all sorts"}, {"start": "00:14:21", "end": "00:14:23", "text": "of um investors. I get emails from"}, {"start": "00:14:23", "end": "00:14:26", "text": "investors or or messages on DM. Well,"}, {"start": "00:14:26", "end": "00:14:27", "text": "they're they're looking at the technical"}, {"start": "00:14:27", "end": "00:14:30", "text": "analysis and as far as investors go, I"}, {"start": "00:14:30", "end": "00:14:31", "text": "mean, I think is a public company, you"}, {"start": "00:14:31", "end": "00:14:34", "text": "just you get what you get and, you know,"}, {"start": "00:14:34", "end": "00:14:35", "text": "you you do your best to try to, you"}, {"start": "00:14:35", "end": "00:14:37", "text": "know, rope in and get and get"}, {"start": "00:14:37", "end": "00:14:38", "text": "fundamental investors that believe in"}, {"start": "00:14:38", "end": "00:14:40", "text": "the story and management where you're"}, {"start": "00:14:40", "end": "00:14:41", "text": "where you're taking company."}, {"start": "00:14:41", "end": "00:14:42", "text": "Yeah, for sure. I'm looking back at this"}, {"start": "00:14:42", "end": "00:14:44", "text": "tweet. I was surprised at how many"}, {"start": "00:14:44", "end": "00:14:46", "text": "people think that the market is bullish"}, {"start": "00:14:46", "end": "00:14:49", "text": "right now. This, of course, happened uh"}, {"start": "00:14:49", "end": "00:14:50", "text": "we put this out on the 13th, just"}, {"start": "00:14:50", "end": "00:14:53", "text": "yesterday afternoon, and whether it was"}, {"start": "00:14:53", "end": "00:14:54", "text": "bullish or bearish, and then we saw the"}, {"start": "00:14:54", "end": "00:14:56", "text": "pullback. So, I think a lot of the"}, {"start": "00:14:56", "end": "00:14:59", "text": "market is still very very bullish on"}, {"start": "00:14:59", "end": "00:15:01", "text": "where it's going from here, especially"}, {"start": "00:15:01", "end": "00:15:04", "text": "into the Clarity Act potentially and a"}, {"start": "00:15:04", "end": "00:15:05", "text": "couple of rate cuts that still are going"}, {"start": "00:15:05", "end": "00:15:07", "text": "to play into this. Do you feel like"}, {"start": "00:15:07", "end": "00:15:08", "text": "that's going to change any of your"}, {"start": "00:15:08", "end": "00:15:11", "text": "business? Rate cuts, clarity act, again,"}, {"start": "00:15:11", "end": "00:15:14", "text": "more positive nature for DeFi and"}, {"start": "00:15:14", "end": "00:15:15", "text": "obviously crypto overall."}, {"start": "00:15:15", "end": "00:15:16", "text": "Well, I would break it into two"}, {"start": "00:15:16", "end": "00:15:18", "text": "categories. So, rate cuts is just"}, {"start": "00:15:18", "end": "00:15:20", "text": "general macro economic effects. It'll"}, {"start": "00:15:20", "end": "00:15:22", "text": "affect not really our business, but"}, {"start": "00:15:22", "end": "00:15:23", "text": "probably our stock just like any other"}, {"start": "00:15:23", "end": "00:15:24", "text": "stock. Yeah,"}, {"start": "00:15:24", "end": "00:15:26", "text": "the Clarity Act, I think, is really big"}, {"start": "00:15:26", "end": "00:15:27", "text": "because it's going to touch on DeFi."}, {"start": "00:15:27", "end": "00:15:29", "text": "We'll see where that goes. My"}, {"start": "00:15:29", "end": "00:15:31", "text": "recollection of where it left off is the"}, {"start": "00:15:31", "end": "00:15:33", "text": "it's in the Senate. There's some changes"}, {"start": "00:15:33", "end": "00:15:34", "text": "that that may not be great. It's"}, {"start": "00:15:34", "end": "00:15:36", "text": "obviously go back to the House."}, {"start": "00:15:36", "end": "00:15:37", "text": "You know, Congress is going to have to"}, {"start": "00:15:37", "end": "00:15:40", "text": "come to um a consensus on what what it"}, {"start": "00:15:40", "end": "00:15:42", "text": "will be and then get that to the"}, {"start": "00:15:42", "end": "00:15:44", "text": "president for signatures. So, I think"}, {"start": "00:15:44", "end": "00:15:47", "text": "that could be one of the biggest"}, {"start": "00:15:47", "end": "00:15:49", "text": "catalysts, especially if it's if it"}, {"start": "00:15:49", "end": "00:15:51", "text": "comes out with positive regulation for"}, {"start": "00:15:51", "end": "00:15:55", "text": "DeFi. um where it could really drive um"}, {"start": "00:15:55", "end": "00:15:57", "text": "you know the price right that could be"}, {"start": "00:15:57", "end": "00:15:58", "text": "something where you could have you could"}, {"start": "00:15:58", "end": "00:16:03", "text": "see a 25 50 100% price increase um based"}, {"start": "00:16:03", "end": "00:16:06", "text": "on having positive regulation in the"}, {"start": "00:16:06", "end": "00:16:07", "text": "market so that we can start seeing"}, {"start": "00:16:07", "end": "00:16:08", "text": "adoption"}, {"start": "00:16:08", "end": "00:16:10", "text": "uh when that occurs who knows right like"}, {"start": "00:16:10", "end": "00:16:12", "text": "we've got a government shutdown you know"}, {"start": "00:16:12", "end": "00:16:14", "text": "when things pick back up and and get"}, {"start": "00:16:14", "end": "00:16:15", "text": "back on track we'll see"}, {"start": "00:16:15", "end": "00:16:18", "text": "yeah for sure listen you guys should uh"}, {"start": "00:16:18", "end": "00:16:20", "text": "keep a track on the strategic ETH"}, {"start": "00:16:20", "end": "00:16:21", "text": "reserve listing right there you'll see"}, {"start": "00:16:21", "end": "00:16:24", "text": "BTC CS holding in right there. Check"}, {"start": "00:16:24", "end": "00:16:25", "text": "them out. Uh, learn a little bit more."}, {"start": "00:16:25", "end": "00:16:27", "text": "And if you're getting into digital asset"}, {"start": "00:16:27", "end": "00:16:29", "text": "treasuries, which seems to be one of the"}, {"start": "00:16:29", "end": "00:16:30", "text": "biggest things I'm getting questions on"}, {"start": "00:16:30", "end": "00:16:33", "text": "is I think retail is also waking up to"}, {"start": "00:16:33", "end": "00:16:35", "text": "this now going, \"Wait a minute. This is"}, {"start": "00:16:35", "end": "00:16:36", "text": "kind of like micro strategy and they"}, {"start": "00:16:36", "end": "00:16:38", "text": "kind of know what that is from a Bitcoin"}, {"start": "00:16:38", "end": "00:16:40", "text": "stance, but they're learning about it"}, {"start": "00:16:40", "end": "00:16:42", "text": "here on Ethereum.\" So, Charles, it's"}, {"start": "00:16:42", "end": "00:16:44", "text": "been great having you on today. Thank"}, {"start": "00:16:44", "end": "00:16:45", "text": "you so much. We'll keep a close eye on"}, {"start": "00:16:45", "end": "00:16:48", "text": "what had what's happening over at BTCS."}, {"start": "00:16:48", "end": "00:16:49", "text": "Appreciate it."}, {"start": "00:16:49", "end": "00:16:51", "text": "All right. Thanks so much."}, {"start": "00:16:51", "end": "00:16:52", "text": "You bet. All right, you guys. If you're"}, {"start": "00:16:52", "end": "00:16:54", "text": "not in our diamond circle, that's a"}, {"start": "00:16:54", "end": "00:16:55", "text": "place where you guys can get additional"}, {"start": "00:16:55", "end": "00:16:58", "text": "content from us. And we do an email out"}, {"start": "00:16:58", "end": "00:17:00", "text": "there every week. There's just uh an"}, {"start": "00:17:00", "end": "00:17:01", "text": "update on the markets, kind of where I"}, {"start": "00:17:01", "end": "00:17:04", "text": "see uh where this trends and where"}, {"start": "00:17:04", "end": "00:17:06", "text": "trends are going. So, all you have to do"}, {"start": "00:17:06", "end": "00:17:07", "text": "is just hit the link down below. It's"}, {"start": "00:17:07", "end": "00:17:08", "text": "free to get in. And of course, catch me"}, {"start": "00:17:08", "end": "00:17:11", "text": "out there on X, Paul Baron. We'll catch"}, {"start": "00:17:11", "end": "00:17:12", "text": "you next time right here on the Paul"}, {"start": "00:17:12", "end": "00:17:15", "text": "Baron Show."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "No, there will be no alt season. There"}, {"start": "00:00:02", "end": "00:00:04", "text": "are more than 36 million coins right"}, {"start": "00:00:04", "end": "00:00:06", "text": "now. In 2017, there were less than 1300."}, {"start": "00:00:06", "end": "00:00:07", "text": "How could there be another altcoin"}, {"start": "00:00:07", "end": "00:00:09", "text": "season with that many tokens? I'm going"}, {"start": "00:00:09", "end": "00:00:10", "text": "to answer that exact question in this"}, {"start": "00:00:10", "end": "00:00:12", "text": "video. But first, what I'm about to show"}, {"start": "00:00:12", "end": "00:00:14", "text": "you is a little overdue. This might be"}, {"start": "00:00:14", "end": "00:00:16", "text": "one of the most important altcoin season"}, {"start": "00:00:16", "end": "00:00:17", "text": "videos that you will see this entire"}, {"start": "00:00:17", "end": "00:00:20", "text": "cycle, at least on my channel. It is not"}, {"start": "00:00:20", "end": "00:00:22", "text": "hype. It is not some type of top five"}, {"start": "00:00:22", "end": "00:00:25", "text": "altcoins to buy right now. It's not an"}, {"start": "00:00:25", "end": "00:00:27", "text": "echo chamber. This is altcoins relating"}, {"start": "00:00:27", "end": "00:00:30", "text": "to the data, the liquidity, the business"}, {"start": "00:00:30", "end": "00:00:32", "text": "cycle, the dominance, the supply demand"}, {"start": "00:00:32", "end": "00:00:34", "text": "dynamics that are happening right now."}, {"start": "00:00:34", "end": "00:00:36", "text": "All of it laid out for you so you can"}, {"start": "00:00:36", "end": "00:00:38", "text": "understand where we actually are in this"}, {"start": "00:00:38", "end": "00:00:41", "text": "macro environment and what it means for"}, {"start": "00:00:41", "end": "00:00:43", "text": "altcoins moving forward. Before we get"}, {"start": "00:00:43", "end": "00:00:45", "text": "into all of this macro stuff, the PMI,"}, {"start": "00:00:45", "end": "00:00:47", "text": "the liquidity, the charts, Bitcoin"}, {"start": "00:00:47", "end": "00:00:49", "text": "dominance, all of it, there's something"}, {"start": "00:00:49", "end": "00:00:51", "text": "I want to address really quickly. It's a"}, {"start": "00:00:51", "end": "00:00:53", "text": "narrative I keep seeing pop up all over"}, {"start": "00:00:53", "end": "00:00:55", "text": "the place. Hit the subscribe and like on"}, {"start": "00:00:55", "end": "00:00:56", "text": "the way in. And if you're not in our"}, {"start": "00:00:56", "end": "00:00:58", "text": "intelligence system right now, click the"}, {"start": "00:00:58", "end": "00:01:00", "text": "link below. Get signed up for a free"}, {"start": "00:01:00", "end": "00:01:02", "text": "trial. Test out our risk models. Set up"}, {"start": "00:01:02", "end": "00:01:04", "text": "your exit strategy. Start planning"}, {"start": "00:01:04", "end": "00:01:05", "text": "accumulation if you need to. Whatever"}, {"start": "00:01:05", "end": "00:01:08", "text": "you need to do, make unemotional risk"}, {"start": "00:01:08", "end": "00:01:11", "text": "datadriven decisions for this cycle. So,"}, {"start": "00:01:11", "end": "00:01:13", "text": "first to start this video, there is this"}, {"start": "00:01:13", "end": "00:01:15", "text": "thesis going around that there will be"}, {"start": "00:01:15", "end": "00:01:17", "text": "no alt season this cycle. And here is"}, {"start": "00:01:17", "end": "00:01:19", "text": "the claim that a lot of people are"}, {"start": "00:01:19", "end": "00:01:21", "text": "making right now. Here's a post on X."}, {"start": "00:01:21", "end": "00:01:24", "text": "No, there will be no alt season. Why? In"}, {"start": "00:01:24", "end": "00:01:27", "text": "2017, there was less than 1300 cryptos."}, {"start": "00:01:27", "end": "00:01:30", "text": "In 2021, less than a 100,000. Today,"}, {"start": "00:01:30", "end": "00:01:32", "text": "it's more than 36 million. Now, this"}, {"start": "00:01:32", "end": "00:01:34", "text": "argument is everywhere. Millions of"}, {"start": "00:01:34", "end": "00:01:37", "text": "coins, liquidity dilution, therefore, no"}, {"start": "00:01:37", "end": "00:01:38", "text": "alt season. And I think it's just"}, {"start": "00:01:38", "end": "00:01:40", "text": "important I address this before we"}, {"start": "00:01:40", "end": "00:01:42", "text": "really dive into altcoin season data"}, {"start": "00:01:42", "end": "00:01:44", "text": "because I do want to show how misleading"}, {"start": "00:01:44", "end": "00:01:46", "text": "that whole narrative is. There's someone"}, {"start": "00:01:46", "end": "00:01:49", "text": "on X I saw that actually replied to that"}, {"start": "00:01:49", "end": "00:01:51", "text": "post with actual data. James Bull over"}, {"start": "00:01:51", "end": "00:01:54", "text": "here on X. Here's what he said. This is"}, {"start": "00:01:54", "end": "00:01:56", "text": "false. In 2017, there were 1300 cryptos"}, {"start": "00:01:56", "end": "00:01:59", "text": "with more than a million dollars in"}, {"start": "00:01:59", "end": "00:02:02", "text": "daily volume. Now, in 2025, there are"}, {"start": "00:02:02", "end": "00:02:05", "text": "also only 1300 cryptos with more than a"}, {"start": "00:02:05", "end": "00:02:07", "text": "million in volume. And once you go to"}, {"start": "00:02:07", "end": "00:02:10", "text": "2,000 cryptos, it's already less than"}, {"start": "00:02:10", "end": "00:02:13", "text": "$200,000 daily volume. Every crypto"}, {"start": "00:02:13", "end": "00:02:16", "text": "after that is irrelevant and has no mind"}, {"start": "00:02:16", "end": "00:02:18", "text": "share or doesn't extract any capital."}, {"start": "00:02:18", "end": "00:02:20", "text": "So, this is exactly the point. It is the"}, {"start": "00:02:20", "end": "00:02:22", "text": "main point to highlight. There aren't"}, {"start": "00:02:22", "end": "00:02:24", "text": "millions of tokens competing for"}, {"start": "00:02:24", "end": "00:02:26", "text": "liquidity right now. The mass majority"}, {"start": "00:02:26", "end": "00:02:29", "text": "of them have no relevance. There are"}, {"start": "00:02:29", "end": "00:02:32", "text": "about 1,300 to 2,000 liquid assets that"}, {"start": "00:02:32", "end": "00:02:34", "text": "actually matter. And that's almost the"}, {"start": "00:02:34", "end": "00:02:36", "text": "same as previous cycles. So yeah, you"}, {"start": "00:02:36", "end": "00:02:38", "text": "always have noise. We have insane amount"}, {"start": "00:02:38", "end": "00:02:41", "text": "of tokens just coming online non-stop"}, {"start": "00:02:41", "end": "00:02:42", "text": "all the time, but it almost means"}, {"start": "00:02:42", "end": "00:02:44", "text": "nothing. But that's the whole point. You"}, {"start": "00:02:44", "end": "00:02:46", "text": "can have as many copypaste tokens as you"}, {"start": "00:02:46", "end": "00:02:48", "text": "want, but alt season has never been"}, {"start": "00:02:48", "end": "00:02:50", "text": "defined by the number of tickers that"}, {"start": "00:02:50", "end": "00:02:52", "text": "are out there. What's it been defined"}, {"start": "00:02:52", "end": "00:02:54", "text": "by? It's been defined by liquidity,"}, {"start": "00:02:54", "end": "00:02:57", "text": "macro conditions, and investor behavior."}, {"start": "00:02:57", "end": "00:02:58", "text": "That's a thing that a lot of people are"}, {"start": "00:02:58", "end": "00:03:00", "text": "not focusing on. And that leads directly"}, {"start": "00:03:00", "end": "00:03:03", "text": "into what this video is actually about."}, {"start": "00:03:03", "end": "00:03:05", "text": "The data shows that where we are right"}, {"start": "00:03:05", "end": "00:03:07", "text": "now in the cycle and what might be"}, {"start": "00:03:07", "end": "00:03:09", "text": "coming is something that we have to pay"}, {"start": "00:03:09", "end": "00:03:11", "text": "attention to right now. Let's start with"}, {"start": "00:03:11", "end": "00:03:12", "text": "this post from Wyoff Architect. I want"}, {"start": "00:03:12", "end": "00:03:14", "text": "to literally read this post because it"}, {"start": "00:03:14", "end": "00:03:16", "text": "captures something incredibly important."}, {"start": "00:03:16", "end": "00:03:19", "text": "If you thought the 2023 Q12024"}, {"start": "00:03:19", "end": "00:03:21", "text": "rally was an alt season, you've seen"}, {"start": "00:03:21", "end": "00:03:23", "text": "nothing yet. That move happened during"}, {"start": "00:03:23", "end": "00:03:25", "text": "quantitative tightening. Imagine what"}, {"start": "00:03:25", "end": "00:03:27", "text": "happens in a quantitative easing"}, {"start": "00:03:27", "end": "00:03:29", "text": "environment when interest rates drop,"}, {"start": "00:03:29", "end": "00:03:31", "text": "liquidity flows, and investors go risk"}, {"start": "00:03:31", "end": "00:03:34", "text": "on. That's when high-risisk assets like"}, {"start": "00:03:34", "end": "00:03:36", "text": "crypto go absolutely wild. The next"}, {"start": "00:03:36", "end": "00:03:38", "text": "environment will fuel a rally that could"}, {"start": "00:03:38", "end": "00:03:40", "text": "be five times stronger than what we saw"}, {"start": "00:03:40", "end": "00:03:44", "text": "in 2023 2024. That's when we'll see a"}, {"start": "00:03:44", "end": "00:03:46", "text": "true alt season because conditions will"}, {"start": "00:03:46", "end": "00:03:48", "text": "finally be right for it. Now, that's"}, {"start": "00:03:48", "end": "00:03:50", "text": "exactly the point. People think the alt"}, {"start": "00:03:50", "end": "00:03:52", "text": "season already happened and it was very"}, {"start": "00:03:52", "end": "00:03:53", "text": "underwhelming and I guess everything"}, {"start": "00:03:53", "end": "00:03:55", "text": "else is canceled as far as a really"}, {"start": "00:03:55", "end": "00:03:57", "text": "bullish move goes. But everything we've"}, {"start": "00:03:57", "end": "00:03:59", "text": "seen so far, everything has happened"}, {"start": "00:03:59", "end": "00:04:01", "text": "under quantitative tightening, high"}, {"start": "00:04:01", "end": "00:04:04", "text": "interest rates, balance sheet shrinkage."}, {"start": "00:04:04", "end": "00:04:05", "text": "And for those reasons, that's why the"}, {"start": "00:04:05", "end": "00:04:07", "text": "next part of this video matters so much,"}, {"start": "00:04:07", "end": "00:04:09", "text": "because now we can talk about the actual"}, {"start": "00:04:09", "end": "00:04:11", "text": "macro setup. Here's a recent post on X7,"}, {"start": "00:04:11", "end": "00:04:13", "text": "$7 trillion is now sitting in US money"}, {"start": "00:04:13", "end": "00:04:15", "text": "market funds, a record high. Let me say"}, {"start": "00:04:15", "end": "00:04:19", "text": "that again. $7 trillion sitting on the"}, {"start": "00:04:19", "end": "00:04:22", "text": "sidelines waiting. Total assets $7.52"}, {"start": "00:04:22", "end": "00:04:25", "text": "trillion. Retail alans over $3 trillion."}, {"start": "00:04:25", "end": "00:04:28", "text": "Institutional over $4.48 trillion."}, {"start": "00:04:28", "end": "00:04:30", "text": "Record highs in retail money market"}, {"start": "00:04:30", "end": "00:04:33", "text": "funds. So ask yourself this. If the Fed"}, {"start": "00:04:33", "end": "00:04:35", "text": "cuts rates, even small ones, where does"}, {"start": "00:04:35", "end": "00:04:37", "text": "a portion of that money go? Where did it"}, {"start": "00:04:37", "end": "00:04:39", "text": "go historically? It flows down the risk"}, {"start": "00:04:39", "end": "00:04:41", "text": "curve, that's what it does. It hits"}, {"start": "00:04:41", "end": "00:04:43", "text": "equities, of course. It hits small caps."}, {"start": "00:04:43", "end": "00:04:46", "text": "It hits tech. It hits crypto. And that"}, {"start": "00:04:46", "end": "00:04:48", "text": "brings us to the macro timing that"}, {"start": "00:04:48", "end": "00:04:49", "text": "matters most right now. Please look at"}, {"start": "00:04:49", "end": "00:04:51", "text": "this chart carefully. This is one of the"}, {"start": "00:04:51", "end": "00:04:53", "text": "most important charts I track. Look at"}, {"start": "00:04:53", "end": "00:04:55", "text": "the red box, quantitative tightening."}, {"start": "00:04:55", "end": "00:04:57", "text": "Now, look where we've been consolidating"}, {"start": "00:04:57", "end": "00:05:00", "text": "for 2 and 1/2 years inside the"}, {"start": "00:05:00", "end": "00:05:01", "text": "quantitative tightening box. And right"}, {"start": "00:05:01", "end": "00:05:03", "text": "here on the screen, I have it labeled"}, {"start": "00:05:03", "end": "00:05:04", "text": "very clearly. Quantitative tightening"}, {"start": "00:05:04", "end": "00:05:06", "text": "ends in December. This is the exact"}, {"start": "00:05:06", "end": "00:05:08", "text": "moment I've been talking about when the"}, {"start": "00:05:08", "end": "00:05:10", "text": "business cycle and liquidity cycle begin"}, {"start": "00:05:10", "end": "00:05:11", "text": "turning together. Now, this is"}, {"start": "00:05:11", "end": "00:05:13", "text": "important. QT ending doesn't all of a"}, {"start": "00:05:13", "end": "00:05:15", "text": "sudden pump crypto overnight. I say this"}, {"start": "00:05:15", "end": "00:05:17", "text": "a lot. It's not like crypto's going to"}, {"start": "00:05:17", "end": "00:05:19", "text": "pump on December 2nd, but it does"}, {"start": "00:05:19", "end": "00:05:21", "text": "something far more important. It signals"}, {"start": "00:05:21", "end": "00:05:23", "text": "that the direction of liquidity is"}, {"start": "00:05:23", "end": "00:05:24", "text": "changing. And it really doesn't even"}, {"start": "00:05:24", "end": "00:05:26", "text": "matter how you spin any type of bullish"}, {"start": "00:05:26", "end": "00:05:28", "text": "or bearish narrative that is out there."}, {"start": "00:05:28", "end": "00:05:30", "text": "This is just the liquidity cycle. And"}, {"start": "00:05:30", "end": "00:05:32", "text": "historically, altcoins respond very"}, {"start": "00:05:32", "end": "00:05:35", "text": "bullishly to the shift that is getting"}, {"start": "00:05:35", "end": "00:05:36", "text": "ready to happen. Here's another chart"}, {"start": "00:05:36", "end": "00:05:38", "text": "that is also crazy. Every major altcoin"}, {"start": "00:05:38", "end": "00:05:41", "text": "breakout, every single one lines up with"}, {"start": "00:05:41", "end": "00:05:44", "text": "PMI leaving contraction and beginning to"}, {"start": "00:05:44", "end": "00:05:46", "text": "expand. And right now, PMI has been"}, {"start": "00:05:46", "end": "00:05:48", "text": "contracting for years and is bottoming."}, {"start": "00:05:48", "end": "00:05:50", "text": "It's flat. It's sitting at the exact"}, {"start": "00:05:50", "end": "00:05:52", "text": "zone where previous cycles flipped right"}, {"start": "00:05:52", "end": "00:05:54", "text": "into expansion. You can literally see"}, {"start": "00:05:54", "end": "00:05:56", "text": "the rhythm. PMI contraction, altcoin"}, {"start": "00:05:56", "end": "00:06:00", "text": "consolidation, PMI expansion, altcoin"}, {"start": "00:06:00", "end": "00:06:01", "text": "breakout. I I really cannot just"}, {"start": "00:06:01", "end": "00:06:03", "text": "highlight this enough right now. I know"}, {"start": "00:06:03", "end": "00:06:06", "text": "my opinion is bullish. I'm bullish."}, {"start": "00:06:06", "end": "00:06:08", "text": "That's just my sentiment right now. But"}, {"start": "00:06:08", "end": "00:06:09", "text": "what I'm showing you right now in terms"}, {"start": "00:06:09", "end": "00:06:11", "text": "of data, in terms of these charts,"}, {"start": "00:06:11", "end": "00:06:13", "text": "that's not opinion. This is just what"}, {"start": "00:06:13", "end": "00:06:15", "text": "has happened. It's very clear on the"}, {"start": "00:06:15", "end": "00:06:17", "text": "charts. When we go into expansion on"}, {"start": "00:06:17", "end": "00:06:20", "text": "this PMI chart, we see a crypto bull"}, {"start": "00:06:20", "end": "00:06:22", "text": "market. So, if we are getting ready to"}, {"start": "00:06:22", "end": "00:06:24", "text": "go into expansion, don't you think it's"}, {"start": "00:06:24", "end": "00:06:28", "text": "fair to at the very least prepare for a"}, {"start": "00:06:28", "end": "00:06:30", "text": "potential altcoin move since that is"}, {"start": "00:06:30", "end": "00:06:32", "text": "what has happened historically? I always"}, {"start": "00:06:32", "end": "00:06:34", "text": "tell you I do not know what is going to"}, {"start": "00:06:34", "end": "00:06:36", "text": "happen because I don't. I always tell"}, {"start": "00:06:36", "end": "00:06:38", "text": "you it could all go to zero because it"}, {"start": "00:06:38", "end": "00:06:39", "text": "could. There's always this"}, {"start": "00:06:39", "end": "00:06:41", "text": "riskmanagement game that goes on right"}, {"start": "00:06:41", "end": "00:06:43", "text": "now. I'm just trying to very clearly"}, {"start": "00:06:43", "end": "00:06:45", "text": "illustrate and present to you the data"}, {"start": "00:06:45", "end": "00:06:48", "text": "on why I'm just bullish and again why I"}, {"start": "00:06:48", "end": "00:06:50", "text": "think it's more risky not to be in the"}, {"start": "00:06:50", "end": "00:06:52", "text": "market than to be in the market. So"}, {"start": "00:06:52", "end": "00:06:54", "text": "right now we are sitting on that same"}, {"start": "00:06:54", "end": "00:06:56", "text": "boundary yet again when it comes to"}, {"start": "00:06:56", "end": "00:06:58", "text": "business cycles. So now let's really get"}, {"start": "00:06:58", "end": "00:07:00", "text": "into the weeds here in terms of altcoins"}, {"start": "00:07:00", "end": "00:07:02", "text": "and Bitcoin and Bitcoin dominance."}, {"start": "00:07:02", "end": "00:07:04", "text": "Here's something people forget. Altcoin"}, {"start": "00:07:04", "end": "00:07:06", "text": "seasons never happen when Bitcoin"}, {"start": "00:07:06", "end": "00:07:09", "text": "dominance is in the middle of this very"}, {"start": "00:07:09", "end": "00:07:11", "text": "strong uptrend. They happen at tops."}, {"start": "00:07:11", "end": "00:07:13", "text": "That's when they begin during"}, {"start": "00:07:13", "end": "00:07:15", "text": "distribution or when dominance rolls"}, {"start": "00:07:15", "end": "00:07:18", "text": "over after major macro turning points."}, {"start": "00:07:18", "end": "00:07:19", "text": "Look at what happened when QT ended last"}, {"start": "00:07:19", "end": "00:07:22", "text": "cycle. Bitcoin dominance peaked and then"}, {"start": "00:07:22", "end": "00:07:24", "text": "fell for more than a year. Now look at"}, {"start": "00:07:24", "end": "00:07:26", "text": "where dominance is sitting right now."}, {"start": "00:07:26", "end": "00:07:29", "text": "Almost the same zone, same macro"}, {"start": "00:07:29", "end": "00:07:31", "text": "backdrop happening right now. Same"}, {"start": "00:07:31", "end": "00:07:33", "text": "liquidity transition happening right"}, {"start": "00:07:33", "end": "00:07:34", "text": "now. And before I bring all of this"}, {"start": "00:07:34", "end": "00:07:36", "text": "together, I want to bring something up"}, {"start": "00:07:36", "end": "00:07:37", "text": "that ties directly into what we're"}, {"start": "00:07:37", "end": "00:07:40", "text": "seeing right now. Back in May 2025, I"}, {"start": "00:07:40", "end": "00:07:41", "text": "recorded a video called Altcoins"}, {"start": "00:07:41", "end": "00:07:43", "text": "officially less risky than Bitcoin. And"}, {"start": "00:07:43", "end": "00:07:45", "text": "since then, Bitcoin dominance has"}, {"start": "00:07:45", "end": "00:07:49", "text": "already dropped from about 63% to 59% as"}, {"start": "00:07:49", "end": "00:07:51", "text": "I record this video, which is exactly"}, {"start": "00:07:51", "end": "00:07:53", "text": "the divergence that we were starting to"}, {"start": "00:07:53", "end": "00:07:55", "text": "see back then in May. That thesis was"}, {"start": "00:07:55", "end": "00:07:57", "text": "not emotional. It came straight from our"}, {"start": "00:07:57", "end": "00:07:59", "text": "CCV intelligence risk models, which were"}, {"start": "00:07:59", "end": "00:08:01", "text": "showing Bitcoin sitting at higher"}, {"start": "00:08:01", "end": "00:08:03", "text": "long-term risk score while multiple"}, {"start": "00:08:03", "end": "00:08:05", "text": "altcoins were sitting deeper in their"}, {"start": "00:08:05", "end": "00:08:07", "text": "historical low-risk zones. At the time"}, {"start": "00:08:07", "end": "00:08:09", "text": "of recording that video, the one thing I"}, {"start": "00:08:09", "end": "00:08:11", "text": "did not really have a gauge on was when"}, {"start": "00:08:11", "end": "00:08:13", "text": "is the business cycle going to turn"}, {"start": "00:08:13", "end": "00:08:16", "text": "because that was in May of 2025. Now, we"}, {"start": "00:08:16", "end": "00:08:18", "text": "know quantitative tightening is getting"}, {"start": "00:08:18", "end": "00:08:20", "text": "ready to end in just around one week"}, {"start": "00:08:20", "end": "00:08:22", "text": "from today. And we are now finally about"}, {"start": "00:08:22", "end": "00:08:24", "text": "to enter a more favorable business"}, {"start": "00:08:24", "end": "00:08:26", "text": "cycle. That same pattern is"}, {"start": "00:08:26", "end": "00:08:27", "text": "strengthening that has strengthened"}, {"start": "00:08:27", "end": "00:08:30", "text": "before for all coins. The macro turn,"}, {"start": "00:08:30", "end": "00:08:31", "text": "the liquidity shift, and the risk models"}, {"start": "00:08:31", "end": "00:08:33", "text": "are all pointing to the same thing."}, {"start": "00:08:33", "end": "00:08:35", "text": "Altcoins are entering a setup where"}, {"start": "00:08:35", "end": "00:08:37", "text": "their risk adjusted upside simply looks"}, {"start": "00:08:37", "end": "00:08:39", "text": "better than bitcoins just like we've"}, {"start": "00:08:39", "end": "00:08:41", "text": "seen at every major cycle transition."}, {"start": "00:08:41", "end": "00:08:43", "text": "And I just want to highlight to you risk"}, {"start": "00:08:43", "end": "00:08:46", "text": "does not equal price. So if we've seen"}, {"start": "00:08:46", "end": "00:08:48", "text": "certain altcoin prices not compete as"}, {"start": "00:08:48", "end": "00:08:51", "text": "strongly with Bitcoin, remember risk and"}, {"start": "00:08:51", "end": "00:08:53", "text": "price are different. This is a macro"}, {"start": "00:08:53", "end": "00:08:56", "text": "transition, a macro risk thesis that I'm"}, {"start": "00:08:56", "end": "00:08:58", "text": "tracking right now. Here's the simplest"}, {"start": "00:08:58", "end": "00:09:00", "text": "way to say all of this. Liquidity is"}, {"start": "00:09:00", "end": "00:09:01", "text": "bottoming. Look at the screen."}, {"start": "00:09:01", "end": "00:09:03", "text": "Quantitative tightening is ending. 7"}, {"start": "00:09:03", "end": "00:09:04", "text": "trillion dollars in money markets is"}, {"start": "00:09:04", "end": "00:09:06", "text": "sitting idle. Bitcoin dominance is at"}, {"start": "00:09:06", "end": "00:09:08", "text": "the historical turning zone. Altcoins"}, {"start": "00:09:08", "end": "00:09:10", "text": "have been suppressed under quantitative"}, {"start": "00:09:10", "end": "00:09:11", "text": "tightening. And the real environment"}, {"start": "00:09:11", "end": "00:09:13", "text": "that fuels alt seasons hasn't even"}, {"start": "00:09:13", "end": "00:09:15", "text": "started yet. Lower rates, increasing"}, {"start": "00:09:15", "end": "00:09:18", "text": "liquidity, risk on behavior. This is not"}, {"start": "00:09:18", "end": "00:09:20", "text": "a prediction video. This is just data"}, {"start": "00:09:20", "end": "00:09:21", "text": "that I want to present to you. This is"}, {"start": "00:09:21", "end": "00:09:23", "text": "the macro map. And across these cycles,"}, {"start": "00:09:23", "end": "00:09:25", "text": "when you bring all this data together, I"}, {"start": "00:09:25", "end": "00:09:28", "text": "think this map is becoming pretty clear."}, {"start": "00:09:28", "end": "00:09:29", "text": "And as always everybody, nobody knows"}, {"start": "00:09:29", "end": "00:09:31", "text": "what's going to happen next. I'm just"}, {"start": "00:09:31", "end": "00:09:33", "text": "trying to present to you my opinion. I'm"}, {"start": "00:09:33", "end": "00:09:35", "text": "trying to back it up at the very least"}, {"start": "00:09:35", "end": "00:09:37", "text": "with data that I'm seeing. But again, we"}, {"start": "00:09:37", "end": "00:09:39", "text": "can only prepare for every scenario."}, {"start": "00:09:39", "end": "00:09:41", "text": "That is best case scenarios, worst case"}, {"start": "00:09:41", "end": "00:09:43", "text": "scenarios. And we have to manage our"}, {"start": "00:09:43", "end": "00:09:45", "text": "risks in our own unique positions that"}, {"start": "00:09:45", "end": "00:09:46", "text": "we are in. I really appreciate you"}, {"start": "00:09:46", "end": "00:09:48", "text": "watching. Hit the subscribe on the way"}, {"start": "00:09:48", "end": "00:09:49", "text": "out. And again, if you're not in our"}, {"start": "00:09:49", "end": "00:09:50", "text": "intelligence system, please click the"}, {"start": "00:09:50", "end": "00:09:52", "text": "link in the pin comment below. Get set"}, {"start": "00:09:52", "end": "00:09:54", "text": "up with a free trial. give us a shot and"}, {"start": "00:09:54", "end": "00:09:56", "text": "start trying out our risk models that we"}, {"start": "00:09:56", "end": "00:09:57", "text": "have for a bunch of different assets"}, {"start": "00:09:57", "end": "00:09:58", "text": "back there. Start planning if you're a"}, {"start": "00:09:58", "end": "00:10:00", "text": "macro investor. I appreciate all of you"}, {"start": "00:10:00", "end": "00:10:01", "text": "watching. I'll see you in the next"}, {"start": "00:10:01", "end": "00:10:04", "text": "video."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Right now, the sentiment, the macro, the"}, {"start": "00:00:02", "end": "00:00:04", "text": "onchain metrics, the ETF flows, they're"}, {"start": "00:00:04", "end": "00:00:06", "text": "all pointing to the same thing. We're in"}, {"start": "00:00:06", "end": "00:00:09", "text": "one of the most brutally uncomfortable"}, {"start": "00:00:09", "end": "00:00:11", "text": "reset moments in crypto. These moments"}, {"start": "00:00:11", "end": "00:00:12", "text": "usually come right before the next big"}, {"start": "00:00:12", "end": "00:00:14", "text": "leg of a cycle. Now, I say that very"}, {"start": "00:00:14", "end": "00:00:16", "text": "carefully because the only way that you"}, {"start": "00:00:16", "end": "00:00:18", "text": "can navigate these markets without"}, {"start": "00:00:18", "end": "00:00:20", "text": "getting swept up in all of the emotion"}, {"start": "00:00:20", "end": "00:00:22", "text": "that goes along with it is to first"}, {"start": "00:00:22", "end": "00:00:24", "text": "acknowledge what you're feeling. So,"}, {"start": "00:00:24", "end": "00:00:25", "text": "let's as we start this video, let's name"}, {"start": "00:00:25", "end": "00:00:28", "text": "it. It's uncomfortable. It's confusing."}, {"start": "00:00:28", "end": "00:00:30", "text": "And it really might be just downright"}, {"start": "00:00:30", "end": "00:00:32", "text": "exhausting. And I know a lot of you are"}, {"start": "00:00:32", "end": "00:00:34", "text": "feeling that same exact way. But once we"}, {"start": "00:00:34", "end": "00:00:35", "text": "face those feelings up front, we can"}, {"start": "00:00:35", "end": "00:00:37", "text": "move on and we can make decisions that"}, {"start": "00:00:37", "end": "00:00:39", "text": "are based on the actual data and not"}, {"start": "00:00:39", "end": "00:00:41", "text": "those feelings, not emotion. Check out"}, {"start": "00:00:41", "end": "00:00:43", "text": "what Jesse Eckle on X says. I feel"}, {"start": "00:00:43", "end": "00:00:45", "text": "absolutely stupid posing at this point."}, {"start": "00:00:45", "end": "00:00:47", "text": "I don't know why we keep going lower. I"}, {"start": "00:00:47", "end": "00:00:49", "text": "read that and I'm like, exactly. That's"}, {"start": "00:00:49", "end": "00:00:51", "text": "exactly how I feel this part of the"}, {"start": "00:00:51", "end": "00:00:53", "text": "cycle as well. Especially as a content"}, {"start": "00:00:53", "end": "00:00:55", "text": "creator. You can be as bullish as you"}, {"start": "00:00:55", "end": "00:00:56", "text": "want on the zoomed out charts and you"}, {"start": "00:00:56", "end": "00:00:58", "text": "know I am. But when price keeps falling,"}, {"start": "00:00:58", "end": "00:01:00", "text": "it does start messing with your head a"}, {"start": "00:01:00", "end": "00:01:01", "text": "little bit. Even people, most people"}, {"start": "00:01:01", "end": "00:01:03", "text": "that have been here for years, they've"}, {"start": "00:01:03", "end": "00:01:05", "text": "been questioning the markets. But then"}, {"start": "00:01:05", "end": "00:01:07", "text": "Jesse flips it and he says, \"When you"}, {"start": "00:01:07", "end": "00:01:10", "text": "zoom out, the setup is unfathomably"}, {"start": "00:01:10", "end": "00:01:13", "text": "bullish.\" Why? Because we're going from"}, {"start": "00:01:13", "end": "00:01:15", "text": "a tightening cycle into an easing cycle."}, {"start": "00:01:15", "end": "00:01:18", "text": "QT is ending. Rate cut odds are starting"}, {"start": "00:01:18", "end": "00:01:20", "text": "to flip. Policy makers are forced to"}, {"start": "00:01:20", "end": "00:01:22", "text": "flood the system with liquidity to deal"}, {"start": "00:01:22", "end": "00:01:24", "text": "with all the strain from a prolonged"}, {"start": "00:01:24", "end": "00:01:25", "text": "tightening cycle. And Jesse said"}, {"start": "00:01:25", "end": "00:01:27", "text": "something I completely agree with. The"}, {"start": "00:01:27", "end": "00:01:29", "text": "fundamentals for crypto with legislation"}, {"start": "00:01:29", "end": "00:01:32", "text": "and institutional adoption have quite"}, {"start": "00:01:32", "end": "00:01:34", "text": "literally never been more bullish. So on"}, {"start": "00:01:34", "end": "00:01:37", "text": "one screen you've got price crashing and"}, {"start": "00:01:37", "end": "00:01:39", "text": "on the other you've got a macro and"}, {"start": "00:01:39", "end": "00:01:41", "text": "infrastructure quietly lining up for the"}, {"start": "00:01:41", "end": "00:01:43", "text": "next expansion. That disconnect is very"}, {"start": "00:01:43", "end": "00:01:45", "text": "uncomfortable, but it is exactly what"}, {"start": "00:01:45", "end": "00:01:47", "text": "creates opportunity. Julian Battel comes"}, {"start": "00:01:47", "end": "00:01:48", "text": "in from a different angle over here on"}, {"start": "00:01:48", "end": "00:01:51", "text": "X. Everyone's suddenly back to debating"}, {"start": "00:01:51", "end": "00:01:53", "text": "who to unfollow because this whole space"}, {"start": "00:01:53", "end": "00:01:55", "text": "has turned on itself yet again. So,"}, {"start": "00:01:55", "end": "00:01:57", "text": "here's my take. I usually stop following"}, {"start": "00:01:57", "end": "00:01:59", "text": "accounts that pump out views when"}, {"start": "00:01:59", "end": "00:02:00", "text": "everything is going up and then"}, {"start": "00:02:00", "end": "00:02:03", "text": "disappear the moment things turn down,"}, {"start": "00:02:03", "end": "00:02:05", "text": "right when the community needs them"}, {"start": "00:02:05", "end": "00:02:07", "text": "most. He said, \"You have to learn to"}, {"start": "00:02:07", "end": "00:02:08", "text": "take the hits. That is the nature of"}, {"start": "00:02:08", "end": "00:02:10", "text": "markets. They humble everyone.\" And"}, {"start": "00:02:10", "end": "00:02:12", "text": "here's the part I really like. He says,"}, {"start": "00:02:12", "end": "00:02:14", "text": "\"What counts is having the courage to"}, {"start": "00:02:14", "end": "00:02:16", "text": "stand up and be bold when others are"}, {"start": "00:02:16", "end": "00:02:18", "text": "fearful.\" And I've genuinely been trying"}, {"start": "00:02:18", "end": "00:02:19", "text": "to do that with my content lately. Right"}, {"start": "00:02:19", "end": "00:02:22", "text": "now, almost nobody wants to take a view."}, {"start": "00:02:22", "end": "00:02:24", "text": "A bullish argument is the last thing"}, {"start": "00:02:24", "end": "00:02:26", "text": "anyone wants to hear, which is exactly"}, {"start": "00:02:26", "end": "00:02:28", "text": "why it's worth paying attention. So,"}, {"start": "00:02:28", "end": "00:02:29", "text": "emotionally, that's where we are. People"}, {"start": "00:02:29", "end": "00:02:32", "text": "feel stupid, exhausted, confused, and"}, {"start": "00:02:32", "end": "00:02:34", "text": "yet some of the more experienced voices"}, {"start": "00:02:34", "end": "00:02:35", "text": "are quietly saying, \"Hey, this is"}, {"start": "00:02:35", "end": "00:02:37", "text": "exactly what it feels like near the"}, {"start": "00:02:37", "end": "00:02:39", "text": "important inflection points.\" Here's"}, {"start": "00:02:39", "end": "00:02:40", "text": "Hunter Horesley. Look at this poll."}, {"start": "00:02:40", "end": "00:02:42", "text": "Hunter Horsley ran this poll asking,"}, {"start": "00:02:42", "end": "00:02:44", "text": "\"With prices going lower, what are you"}, {"start": "00:02:44", "end": "00:02:46", "text": "doing?\" Roughly 9% at the time of this"}, {"start": "00:02:46", "end": "00:02:49", "text": "recording said they're selling. Over 40%"}, {"start": "00:02:49", "end": "00:02:52", "text": "said they're buying. Around 37% said"}, {"start": "00:02:52", "end": "00:02:54", "text": "they're just holding. So despite how"}, {"start": "00:02:54", "end": "00:02:57", "text": "brutal this draw down feels, most people"}, {"start": "00:02:57", "end": "00:02:59", "text": "following this space closely are either"}, {"start": "00:02:59", "end": "00:03:01", "text": "dollar cost averaging in or they're just"}, {"start": "00:03:01", "end": "00:03:03", "text": "sitting tight. They're not capitulating."}, {"start": "00:03:03", "end": "00:03:05", "text": "And that tells you two things. Sentiment"}, {"start": "00:03:05", "end": "00:03:07", "text": "feels awful, but it feels awful because"}, {"start": "00:03:07", "end": "00:03:09", "text": "of all the noise. But in terms of"}, {"start": "00:03:09", "end": "00:03:10", "text": "behavior, there is still a lot of"}, {"start": "00:03:10", "end": "00:03:12", "text": "patience than the timeline actually"}, {"start": "00:03:12", "end": "00:03:14", "text": "suggests. And this sets us up for the"}, {"start": "00:03:14", "end": "00:03:16", "text": "next layer of all this. Macro versus"}, {"start": "00:03:16", "end": "00:03:18", "text": "sentiment. Jeff Park summarized the"}, {"start": "00:03:18", "end": "00:03:20", "text": "whole environment in one line. The macro"}, {"start": "00:03:20", "end": "00:03:22", "text": "could not be any better for Bitcoin. The"}, {"start": "00:03:22", "end": "00:03:24", "text": "sentiment could not be any worse. When"}, {"start": "00:03:24", "end": "00:03:26", "text": "the environment is quietly improving and"}, {"start": "00:03:26", "end": "00:03:28", "text": "everyone feels absolutely terrible and"}, {"start": "00:03:28", "end": "00:03:30", "text": "exhausted, that's when the next major"}, {"start": "00:03:30", "end": "00:03:32", "text": "move is being seated. Then you've got"}, {"start": "00:03:32", "end": "00:03:34", "text": "Pomp over here on X asking the really"}, {"start": "00:03:34", "end": "00:03:36", "text": "uncomfortable question. What if the"}, {"start": "00:03:36", "end": "00:03:38", "text": "Bitcoin bull market is not actually"}, {"start": "00:03:38", "end": "00:03:40", "text": "over? He's not saying we avoid"}, {"start": "00:03:40", "end": "00:03:42", "text": "volatility or we just completely skip"}, {"start": "00:03:42", "end": "00:03:44", "text": "all the pain involved in cycles. He's"}, {"start": "00:03:44", "end": "00:03:46", "text": "simply pointing out that once the market"}, {"start": "00:03:46", "end": "00:03:48", "text": "reaches total consensus on, okay, we're"}, {"start": "00:03:48", "end": "00:03:50", "text": "in the bearer. Now, that's often times"}, {"start": "00:03:50", "end": "00:03:52", "text": "when the opposite starts building under"}, {"start": "00:03:52", "end": "00:03:54", "text": "the surface. And you can basically tie"}, {"start": "00:03:54", "end": "00:03:56", "text": "that right back to Jesse's post. We're"}, {"start": "00:03:56", "end": "00:03:58", "text": "transitioning from a tightening regime"}, {"start": "00:03:58", "end": "00:04:00", "text": "to an easing regime with QT ending,"}, {"start": "00:04:00", "end": "00:04:02", "text": "possible balance sheet expansion ahead,"}, {"start": "00:04:02", "end": "00:04:05", "text": "and crypto infrastructure more mature"}, {"start": "00:04:05", "end": "00:04:06", "text": "than it's ever been. Macro and structure"}, {"start": "00:04:06", "end": "00:04:09", "text": "are quietly lining up while price and"}, {"start": "00:04:09", "end": "00:04:10", "text": "sentiment are screaming the exact"}, {"start": "00:04:10", "end": "00:04:12", "text": "opposite story. Now, this brings us to"}, {"start": "00:04:12", "end": "00:04:14", "text": "the actual data, the onchain and"}, {"start": "00:04:14", "end": "00:04:16", "text": "indicator side of things. For a moment,"}, {"start": "00:04:16", "end": "00:04:17", "text": "let's talk about that phrase, the spring"}, {"start": "00:04:17", "end": "00:04:19", "text": "is coiling, because that's one of my"}, {"start": "00:04:19", "end": "00:04:20", "text": "favorite visuals when it comes to"}, {"start": "00:04:20", "end": "00:04:22", "text": "crypto. Micro to macro points out that"}, {"start": "00:04:22", "end": "00:04:24", "text": "on Coinbase, there have only been two"}, {"start": "00:04:24", "end": "00:04:25", "text": "other times in Bitcoin's history when"}, {"start": "00:04:25", "end": "00:04:28", "text": "the weekly RSI was this low. The bottom"}, {"start": "00:04:28", "end": "00:04:30", "text": "of the 2019 bare market, maybe he meant"}, {"start": "00:04:30", "end": "00:04:33", "text": "2018 bare market, and the bottom of the"}, {"start": "00:04:33", "end": "00:04:35", "text": "2022 bare market. and he notes that even"}, {"start": "00:04:35", "end": "00:04:37", "text": "the pandemic crash didn't push RSI this"}, {"start": "00:04:37", "end": "00:04:39", "text": "deep. That's how oversold the move is."}, {"start": "00:04:39", "end": "00:04:41", "text": "That's what the spring is coiling really"}, {"start": "00:04:41", "end": "00:04:44", "text": "means. Momentum has been smashed so hard"}, {"start": "00:04:44", "end": "00:04:46", "text": "to the downside that any shift in flows"}, {"start": "00:04:46", "end": "00:04:49", "text": "can trigger a crazy snapback. We've"}, {"start": "00:04:49", "end": "00:04:50", "text": "covered this before, but Coin Bureau"}, {"start": "00:04:50", "end": "00:04:52", "text": "shared Glastno data showing that"}, {"start": "00:04:52", "end": "00:04:53", "text": "realized losses on Bitcoin are now as"}, {"start": "00:04:53", "end": "00:04:55", "text": "big as they were during the FTX"}, {"start": "00:04:55", "end": "00:04:57", "text": "collapse. Recent buyers are panic"}, {"start": "00:04:57", "end": "00:04:59", "text": "selling into this move. He calls it a"}, {"start": "00:04:59", "end": "00:05:02", "text": "big reset. That word reset is important."}, {"start": "00:05:02", "end": "00:05:05", "text": "You're seeing a lot of people being"}, {"start": "00:05:05", "end": "00:05:07", "text": "shaken out of the market. Short-term"}, {"start": "00:05:07", "end": "00:05:09", "text": "holders are very simply selling coins at"}, {"start": "00:05:09", "end": "00:05:11", "text": "a loss. And it's very unfortunate to"}, {"start": "00:05:11", "end": "00:05:12", "text": "say, but that's how you clean the slate"}, {"start": "00:05:12", "end": "00:05:14", "text": "for the next leg of a cycle. Swiss block"}, {"start": "00:05:14", "end": "00:05:16", "text": "shows their riskoff signal sitting just"}, {"start": "00:05:16", "end": "00:05:17", "text": "inches from the same capitulation zone"}, {"start": "00:05:17", "end": "00:05:19", "text": "that marked major BTC bottoms over the"}, {"start": "00:05:19", "end": "00:05:21", "text": "last 2 years. They say we're entering"}, {"start": "00:05:21", "end": "00:05:23", "text": "the final stretch of seller exhaustion"}, {"start": "00:05:23", "end": "00:05:25", "text": "and that once it rolls over, Bitcoin"}, {"start": "00:05:25", "end": "00:05:27", "text": "typically snaps into a bottoming phase"}, {"start": "00:05:27", "end": "00:05:29", "text": "with sharp, fast rebounds. Bitcoin"}, {"start": "00:05:29", "end": "00:05:31", "text": "Vector echoes that with their own read."}, {"start": "00:05:31", "end": "00:05:34", "text": "60 weeks after the last signal, we're"}, {"start": "00:05:34", "end": "00:05:36", "text": "back at a riskoff reading of 100. Every"}, {"start": "00:05:36", "end": "00:05:38", "text": "past extreme like this has lined up with"}, {"start": "00:05:38", "end": "00:05:39", "text": "seller exhaustion at a major bottom"}, {"start": "00:05:39", "end": "00:05:42", "text": "supported by steady spot demand. Even if"}, {"start": "00:05:42", "end": "00:05:44", "text": "the absolute bottom isn't in yet, they"}, {"start": "00:05:44", "end": "00:05:46", "text": "say a technical relief is getting close."}, {"start": "00:05:46", "end": "00:05:48", "text": "So, you've got record level realized"}, {"start": "00:05:48", "end": "00:05:50", "text": "losses, one of the deepest weekly RSI"}, {"start": "00:05:50", "end": "00:05:52", "text": "prints in Bitcoin's history, and"}, {"start": "00:05:52", "end": "00:05:54", "text": "multiple independent riskoff models"}, {"start": "00:05:54", "end": "00:05:56", "text": "screaming seller exhaustion. That's what"}, {"start": "00:05:56", "end": "00:05:59", "text": "a reset looks like in the data. And this"}, {"start": "00:05:59", "end": "00:06:00", "text": "lines up so well with what I'm seeing"}, {"start": "00:06:00", "end": "00:06:02", "text": "inside our crypto capital venture"}, {"start": "00:06:02", "end": "00:06:04", "text": "intelligence system right now. The CCV"}, {"start": "00:06:04", "end": "00:06:06", "text": "Intelligence altcoin market cap"}, {"start": "00:06:06", "end": "00:06:09", "text": "long-term risk score is sitting at a 13."}, {"start": "00:06:09", "end": "00:06:11", "text": "Historically, at this risk level of a"}, {"start": "00:06:11", "end": "00:06:14", "text": "13, the price was higher 85% of the time"}, {"start": "00:06:14", "end": "00:06:18", "text": "after 3 months and 100% of the time"}, {"start": "00:06:18", "end": "00:06:20", "text": "after 1 year. This doesn't mean we"}, {"start": "00:06:20", "end": "00:06:21", "text": "bounce instantly. Nothing in crypto"}, {"start": "00:06:21", "end": "00:06:23", "text": "works like that. It doesn't work like a"}, {"start": "00:06:23", "end": "00:06:24", "text": "switch you just turn on and off. But it"}, {"start": "00:06:24", "end": "00:06:26", "text": "does mean we're sitting inside one of"}, {"start": "00:06:26", "end": "00:06:28", "text": "those deep reset zones where long-term"}, {"start": "00:06:28", "end": "00:06:30", "text": "capital historically accumulates while"}, {"start": "00:06:30", "end": "00:06:33", "text": "sentiment is at its absolute worst. And"}, {"start": "00:06:33", "end": "00:06:34", "text": "that's what our intelligence system"}, {"start": "00:06:34", "end": "00:06:36", "text": "does. It just helps visualize that and"}, {"start": "00:06:36", "end": "00:06:38", "text": "contextualize that with risk scores. It"}, {"start": "00:06:38", "end": "00:06:40", "text": "pulls in the price, onchain data,"}, {"start": "00:06:40", "end": "00:06:42", "text": "volume, and all these other components"}, {"start": "00:06:42", "end": "00:06:44", "text": "into one number. This allows our members"}, {"start": "00:06:44", "end": "00:06:46", "text": "to sell when risk is high and buy when"}, {"start": "00:06:46", "end": "00:06:48", "text": "risk is low. And the number right now is"}, {"start": "00:06:48", "end": "00:06:49", "text": "screaming the same story we've seen"}, {"start": "00:06:49", "end": "00:06:52", "text": "across RSI, realized losses, and riskoff"}, {"start": "00:06:52", "end": "00:06:53", "text": "signals. We're in the kind of territory"}, {"start": "00:06:53", "end": "00:06:56", "text": "where bottoms form, not parabolic tops."}, {"start": "00:06:56", "end": "00:06:57", "text": "And it's not all just about Bitcoin."}, {"start": "00:06:57", "end": "00:06:59", "text": "Think about altcoins right now. Hunter"}, {"start": "00:06:59", "end": "00:07:01", "text": "Horsley over on X shared flows into"}, {"start": "00:07:01", "end": "00:07:03", "text": "Salana ETF. Roughly $20 million went"}, {"start": "00:07:03", "end": "00:07:06", "text": "into BOL in a single day. About $85"}, {"start": "00:07:06", "end": "00:07:08", "text": "million of inflows over the week. And he"}, {"start": "00:07:08", "end": "00:07:10", "text": "reminds everyone for every seller"}, {"start": "00:07:10", "end": "00:07:12", "text": "there's a buyer. While retail and X is"}, {"start": "00:07:12", "end": "00:07:14", "text": "doom posting, ETF investors are quietly"}, {"start": "00:07:14", "end": "00:07:16", "text": "buying Salana on sale. That's not what"}, {"start": "00:07:16", "end": "00:07:18", "text": "the end of crypto looks like. That's"}, {"start": "00:07:18", "end": "00:07:20", "text": "what accumulation during fear looks"}, {"start": "00:07:20", "end": "00:07:22", "text": "like. And you can extend that out to the"}, {"start": "00:07:22", "end": "00:07:24", "text": "broader altcoin space. This is usually"}, {"start": "00:07:24", "end": "00:07:26", "text": "how it goes. Bitcoin gets smacked down."}, {"start": "00:07:26", "end": "00:07:28", "text": "Panic starts spreading. Onchain data is"}, {"start": "00:07:28", "end": "00:07:30", "text": "screaming capitulation. And meanwhile,"}, {"start": "00:07:30", "end": "00:07:33", "text": "patient money with a multi-year view is"}, {"start": "00:07:33", "end": "00:07:35", "text": "adding exposure. They're not quitting."}, {"start": "00:07:35", "end": "00:07:37", "text": "When the macro returns, guess what?"}, {"start": "00:07:37", "end": "00:07:39", "text": "Those positions are already in place."}, {"start": "00:07:39", "end": "00:07:41", "text": "So, let's zoom back out and connect all"}, {"start": "00:07:41", "end": "00:07:42", "text": "the dots here. You've got Jesse talking"}, {"start": "00:07:42", "end": "00:07:44", "text": "about one of the most bullish macro and"}, {"start": "00:07:44", "end": "00:07:46", "text": "adoption backdrops crypto has ever had"}, {"start": "00:07:46", "end": "00:07:47", "text": "while price is crashing. Julian"}, {"start": "00:07:47", "end": "00:07:49", "text": "reminding everyone that markets they"}, {"start": "00:07:49", "end": "00:07:51", "text": "kind of give you a very new perspective,"}, {"start": "00:07:51", "end": "00:07:53", "text": "a different perspective. But courage and"}, {"start": "00:07:53", "end": "00:07:55", "text": "objectivity matter most when the market"}, {"start": "00:07:55", "end": "00:07:57", "text": "is oversold and nobody wants to hear a"}, {"start": "00:07:57", "end": "00:08:00", "text": "bullish case. Jeff Park hammering the"}, {"start": "00:08:00", "end": "00:08:02", "text": "mismatch between incredible macro and"}, {"start": "00:08:02", "end": "00:08:03", "text": "terrible sentiment. Pomp over there"}, {"start": "00:08:03", "end": "00:08:05", "text": "questioning whether the bull market is"}, {"start": "00:08:05", "end": "00:08:07", "text": "over narrative might premature onchain"}, {"start": "00:08:07", "end": "00:08:09", "text": "metrics showing FTX level realized"}, {"start": "00:08:09", "end": "00:08:12", "text": "losses historically low weekly RSI and"}, {"start": "00:08:12", "end": "00:08:15", "text": "back-to-back risk off extremes that"}, {"start": "00:08:15", "end": "00:08:17", "text": "historically line up with bottoms in"}, {"start": "00:08:17", "end": "00:08:20", "text": "powerful reversals and ETF flows quietly"}, {"start": "00:08:20", "end": "00:08:22", "text": "buying Salana and probably other assets"}, {"start": "00:08:22", "end": "00:08:25", "text": "while social feeds scream capitulation."}, {"start": "00:08:25", "end": "00:08:27", "text": "Now individually any of these could"}, {"start": "00:08:27", "end": "00:08:29", "text": "probably pretty easily be dismissed but"}, {"start": "00:08:29", "end": "00:08:31", "text": "together they tell a very coherent"}, {"start": "00:08:31", "end": "00:08:33", "text": "story. We're in the middle of a reset"}, {"start": "00:08:33", "end": "00:08:34", "text": "and you cannot ignore that all of this"}, {"start": "00:08:34", "end": "00:08:36", "text": "is happening right as we are days away"}, {"start": "00:08:36", "end": "00:08:38", "text": "from quantitative tightening coming to"}, {"start": "00:08:38", "end": "00:08:41", "text": "an end after years of business cycle"}, {"start": "00:08:41", "end": "00:08:43", "text": "contraction. Yes, this is absolutely a"}, {"start": "00:08:43", "end": "00:08:46", "text": "reset. A painful one, but a reset that"}, {"start": "00:08:46", "end": "00:08:48", "text": "is transferring coins from inpatient"}, {"start": "00:08:48", "end": "00:08:49", "text": "hands to patient ones from emotional"}, {"start": "00:08:49", "end": "00:08:52", "text": "sellers to datadriven buyers all while"}, {"start": "00:08:52", "end": "00:08:54", "text": "the macro slowly shifts from tightening"}, {"start": "00:08:54", "end": "00:08:56", "text": "to easing in the background. Does that"}, {"start": "00:08:56", "end": "00:08:58", "text": "guarantee that the exact bottom is in?"}, {"start": "00:08:58", "end": "00:09:00", "text": "No. Could we still chop, fake out, even"}, {"start": "00:09:00", "end": "00:09:03", "text": "make more new lows? Absolutely. That is"}, {"start": "00:09:03", "end": "00:09:05", "text": "how markets work. But the point is this."}, {"start": "00:09:05", "end": "00:09:06", "text": "By the time everyone starts feeling"}, {"start": "00:09:06", "end": "00:09:08", "text": "comfortable again, by the time the"}, {"start": "00:09:08", "end": "00:09:10", "text": "headlines are flipping bullish, by the"}, {"start": "00:09:10", "end": "00:09:12", "text": "time the narrative says, \"Okay, uptrend"}, {"start": "00:09:12", "end": "00:09:15", "text": "confirmed, the best riskreward will"}, {"start": "00:09:15", "end": "00:09:17", "text": "already be behind us and that"}, {"start": "00:09:17", "end": "00:09:18", "text": "opportunity will be far gone.\" Right now"}, {"start": "00:09:18", "end": "00:09:19", "text": "is the part of the cycle where people"}, {"start": "00:09:19", "end": "00:09:22", "text": "unfollow, people rage quit, people"}, {"start": "00:09:22", "end": "00:09:24", "text": "overfit narratives to their own"}, {"start": "00:09:24", "end": "00:09:25", "text": "emotions. And it's also the part where"}, {"start": "00:09:25", "end": "00:09:28", "text": "long-term capital, the people looking"}, {"start": "00:09:28", "end": "00:09:31", "text": "out to 2026 and beyond, they are quietly"}, {"start": "00:09:31", "end": "00:09:33", "text": "positioning into all the fear. So,"}, {"start": "00:09:33", "end": "00:09:34", "text": "here's how I'm approaching this as"}, {"start": "00:09:34", "end": "00:09:35", "text": "someone who's lived through multiple"}, {"start": "00:09:35", "end": "00:09:37", "text": "cycles. I'm not pretending that this"}, {"start": "00:09:37", "end": "00:09:39", "text": "does not hurt. Draw downs hurt. I'm not"}, {"start": "00:09:39", "end": "00:09:41", "text": "immune to that. You're not immune to"}, {"start": "00:09:41", "end": "00:09:42", "text": "that. No one is. But I keep coming back"}, {"start": "00:09:42", "end": "00:09:44", "text": "to the same frameworks. Zoom out to the"}, {"start": "00:09:44", "end": "00:09:47", "text": "macro. QT ending, liquidity setups, a"}, {"start": "00:09:47", "end": "00:09:49", "text": "shift from tightening to easing. Zoom"}, {"start": "00:09:49", "end": "00:09:51", "text": "out to structure ETFs, regulation,"}, {"start": "00:09:51", "end": "00:09:53", "text": "infrastructure, institutional rails that"}, {"start": "00:09:53", "end": "00:09:58", "text": "didn't exist in 2018, 2019, 2020, 222."}, {"start": "00:09:58", "end": "00:09:59", "text": "In fact, they hardly exist now. These"}, {"start": "00:09:59", "end": "00:10:01", "text": "rails are just being put into place."}, {"start": "00:10:01", "end": "00:10:04", "text": "Zoom out to data RSI extremes, realized"}, {"start": "00:10:04", "end": "00:10:06", "text": "losses, riskoff models, ETF inflows."}, {"start": "00:10:06", "end": "00:10:09", "text": "When those three line up, I'm talking"}, {"start": "00:10:09", "end": "00:10:11", "text": "macro structure and onchain against"}, {"start": "00:10:11", "end": "00:10:13", "text": "horrible sentiment, I see a reason, at"}, {"start": "00:10:13", "end": "00:10:15", "text": "least for myself, to stay patient,"}, {"start": "00:10:15", "end": "00:10:17", "text": "refine my plan if I need to anywhere,"}, {"start": "00:10:17", "end": "00:10:19", "text": "and prepare for the next phase of the"}, {"start": "00:10:19", "end": "00:10:21", "text": "cycle. That could mean sticking to a DCA"}, {"start": "00:10:21", "end": "00:10:22", "text": "plan, respecting your risk management"}, {"start": "00:10:22", "end": "00:10:25", "text": "plan, having a clear exit and"}, {"start": "00:10:25", "end": "00:10:27", "text": "accumulation strategy in place, and just"}, {"start": "00:10:27", "end": "00:10:29", "text": "having a solid framework for the rest of"}, {"start": "00:10:29", "end": "00:10:31", "text": "this cycle instead of flipping your"}, {"start": "00:10:31", "end": "00:10:33", "text": "entire thesis because of terrible price"}, {"start": "00:10:33", "end": "00:10:35", "text": "action and terrible sentiment. So, if"}, {"start": "00:10:35", "end": "00:10:36", "text": "you're there, you're scratching your"}, {"start": "00:10:36", "end": "00:10:38", "text": "head, wondering why do we keep going"}, {"start": "00:10:38", "end": "00:10:40", "text": "lower, everybody's wondering that. Even"}, {"start": "00:10:40", "end": "00:10:41", "text": "though everything you're seeing"}, {"start": "00:10:41", "end": "00:10:43", "text": "macro-wise looks so bullish, you're not"}, {"start": "00:10:43", "end": "00:10:46", "text": "alone. But look at the data. Don't look"}, {"start": "00:10:46", "end": "00:10:47", "text": "at the feelings or emotion. Because"}, {"start": "00:10:47", "end": "00:10:49", "text": "whether this exact monthly candle is a"}, {"start": "00:10:49", "end": "00:10:51", "text": "bottom or not, all of the signs of a"}, {"start": "00:10:51", "end": "00:10:53", "text": "coil and a reset are right in front of"}, {"start": "00:10:53", "end": "00:10:56", "text": "us. So, take a deep breath and focus on"}, {"start": "00:10:56", "end": "00:10:58", "text": "the plan. If you enjoyed this content or"}, {"start": "00:10:58", "end": "00:10:59", "text": "found it helpful in any way, please"}, {"start": "00:10:59", "end": "00:11:01", "text": "consider giving it a like. Hit the"}, {"start": "00:11:01", "end": "00:11:02", "text": "subscribe if you're not a subscriber."}, {"start": "00:11:02", "end": "00:11:04", "text": "And if you're not in our intelligence"}, {"start": "00:11:04", "end": "00:11:05", "text": "system right now, we have a free trial"}, {"start": "00:11:05", "end": "00:11:07", "text": "going on. Our risk models are designed"}, {"start": "00:11:07", "end": "00:11:09", "text": "to remove the emotion from macro"}, {"start": "00:11:09", "end": "00:11:11", "text": "decisions. Accumulating when risk is"}, {"start": "00:11:11", "end": "00:11:14", "text": "low, selling when risk starts getting"}, {"start": "00:11:14", "end": "00:11:16", "text": "high. Get back there, try us out. You"}, {"start": "00:11:16", "end": "00:11:17", "text": "can start setting up your alerts. We've"}, {"start": "00:11:17", "end": "00:11:20", "text": "activated SMS text alerts. We now accept"}, {"start": "00:11:20", "end": "00:11:22", "text": "crypto and we are just getting started."}, {"start": "00:11:22", "end": "00:11:23", "text": "I really appreciate each and every one"}, {"start": "00:11:23", "end": "00:11:24", "text": "of you watching. I will see you in the"}, {"start": "00:11:24", "end": "00:11:28", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Something important just happened in the"}, {"start": "00:00:01", "end": "00:00:03", "text": "Russell 2000. And in case you don't"}, {"start": "00:00:03", "end": "00:00:05", "text": "know, the Russell 2000 is a stock market"}, {"start": "00:00:05", "end": "00:00:07", "text": "index that tracks 2,000 small cap"}, {"start": "00:00:07", "end": "00:00:10", "text": "companies in the United States. Here's"}, {"start": "00:00:10", "end": "00:00:11", "text": "what is important about them. These are"}, {"start": "00:00:11", "end": "00:00:14", "text": "smaller, more economically sensitive"}, {"start": "00:00:14", "end": "00:00:16", "text": "businesses. So, the index acts as a"}, {"start": "00:00:16", "end": "00:00:19", "text": "real-time barometer for real economy,"}, {"start": "00:00:19", "end": "00:00:21", "text": "credit conditions, and liquidity. So,"}, {"start": "00:00:21", "end": "00:00:23", "text": "here's what it just did. It just pressed"}, {"start": "00:00:23", "end": "00:00:25", "text": "into its major multi-year resistance"}, {"start": "00:00:25", "end": "00:00:27", "text": "zone for the first time in almost 3"}, {"start": "00:00:27", "end": "00:00:30", "text": "years. and it did it while the PMI and"}, {"start": "00:00:30", "end": "00:00:31", "text": "the business cycle is still in"}, {"start": "00:00:31", "end": "00:00:33", "text": "contraction. So now this is a show of"}, {"start": "00:00:33", "end": "00:00:36", "text": "strength before the business cycle turns"}, {"start": "00:00:36", "end": "00:00:38", "text": "and therefore it might be a first hint"}, {"start": "00:00:38", "end": "00:00:41", "text": "that liquidity is quietly shifting. So"}, {"start": "00:00:41", "end": "00:00:43", "text": "if you are paying attention to PMI to"}, {"start": "00:00:43", "end": "00:00:45", "text": "liquidity to the broader macro cycle"}, {"start": "00:00:45", "end": "00:00:48", "text": "right now the Russell might be one of"}, {"start": "00:00:48", "end": "00:00:50", "text": "the clearest early indicators that we"}, {"start": "00:00:50", "end": "00:00:52", "text": "have for crypto and I'm going to explain"}, {"start": "00:00:52", "end": "00:00:54", "text": "why this is happening in the small caps"}, {"start": "00:00:54", "end": "00:00:55", "text": "where the real economy lives. And today"}, {"start": "00:00:55", "end": "00:00:57", "text": "I want to show you why that matters and"}, {"start": "00:00:57", "end": "00:01:00", "text": "why the Russell 2000 might be telling us"}, {"start": "00:01:00", "end": "00:01:03", "text": "something big about the next crypto"}, {"start": "00:01:03", "end": "00:01:04", "text": "move. And before we dive into all of"}, {"start": "00:01:04", "end": "00:01:06", "text": "this data, I want to give credit to"}, {"start": "00:01:06", "end": "00:01:08", "text": "somebody. There's really been only one"}, {"start": "00:01:08", "end": "00:01:10", "text": "person in the crypto space that I've"}, {"start": "00:01:10", "end": "00:01:12", "text": "seen that has consistently been talking"}, {"start": "00:01:12", "end": "00:01:14", "text": "about the Russell 2000, and that's"}, {"start": "00:01:14", "end": "00:01:16", "text": "Blockchain Backer. He posted something"}, {"start": "00:01:16", "end": "00:01:17", "text": "back in August saying, \"The altcoin"}, {"start": "00:01:17", "end": "00:01:20", "text": "market behaves like a high beta version"}, {"start": "00:01:20", "end": "00:01:22", "text": "of the Russell.\" Now, his approach"}, {"start": "00:01:22", "end": "00:01:24", "text": "through his videos and content has"}, {"start": "00:01:24", "end": "00:01:25", "text": "actually really caught my attention, and"}, {"start": "00:01:25", "end": "00:01:27", "text": "I've been keeping an eye on the Russell"}, {"start": "00:01:27", "end": "00:01:28", "text": "2000. As of right now, as I record this"}, {"start": "00:01:28", "end": "00:01:30", "text": "video, I don't know what his latest view"}, {"start": "00:01:30", "end": "00:01:33", "text": "is on the Russell 2000 as it relates to"}, {"start": "00:01:33", "end": "00:01:35", "text": "crypto, but his recent content has"}, {"start": "00:01:35", "end": "00:01:37", "text": "definitely stuck with me in terms of at"}, {"start": "00:01:37", "end": "00:01:38", "text": "least one data point. And right now, I'm"}, {"start": "00:01:38", "end": "00:01:40", "text": "especially watching the Russell 2000"}, {"start": "00:01:40", "end": "00:01:43", "text": "alongside PMI, M2, the liquidity"}, {"start": "00:01:43", "end": "00:01:44", "text": "frameworks, everything that I've been"}, {"start": "00:01:44", "end": "00:01:46", "text": "covering in my recent videos. And the"}, {"start": "00:01:46", "end": "00:01:49", "text": "connection is absolutely very strong."}, {"start": "00:01:49", "end": "00:01:50", "text": "And for a nice visualization, I want to"}, {"start": "00:01:50", "end": "00:01:52", "text": "take a really quick clip from one of"}, {"start": "00:01:52", "end": "00:01:54", "text": "Blockchain Backer's videos"}, {"start": "00:01:54", "end": "00:01:55", "text": "here in the candlesticks right over"}, {"start": "00:01:55", "end": "00:01:58", "text": "here. This is actually Bitcoin in these"}, {"start": "00:01:58", "end": "00:01:59", "text": "blues and purples in here, you have the"}, {"start": "00:01:59", "end": "00:02:02", "text": "Dow Jones, S&P, and the NASDAQ. Down in"}, {"start": "00:02:02", "end": "00:02:05", "text": "here in the reds, well, your green is"}, {"start": "00:02:05", "end": "00:02:07", "text": "going to be your Russell 2000, and your"}, {"start": "00:02:07", "end": "00:02:09", "text": "red is going to be the altcoin market."}, {"start": "00:02:09", "end": "00:02:11", "text": "Do you notice anything in here? And it's"}, {"start": "00:02:11", "end": "00:02:13", "text": "just very clear as day to me that we've"}, {"start": "00:02:13", "end": "00:02:15", "text": "had Bitcoin's price action behaving like"}, {"start": "00:02:15", "end": "00:02:17", "text": "the mega caps just like we saw over"}, {"start": "00:02:17", "end": "00:02:19", "text": "there in the stock market, right? Your"}, {"start": "00:02:19", "end": "00:02:22", "text": "Nvidas, Apples, Microsofts, Facebook,"}, {"start": "00:02:22", "end": "00:02:24", "text": "Google, and then your altcoins acting"}, {"start": "00:02:24", "end": "00:02:25", "text": "like the rest of the market where this"}, {"start": "00:02:25", "end": "00:02:27", "text": "whole market's been propped up by just a"}, {"start": "00:02:27", "end": "00:02:29", "text": "handful of names in the equity markets"}, {"start": "00:02:29", "end": "00:02:31", "text": "and this market's been propped up by"}, {"start": "00:02:31", "end": "00:02:33", "text": "Bitcoin, right? It's that same type of"}, {"start": "00:02:33", "end": "00:02:34", "text": "dynamic."}, {"start": "00:02:34", "end": "00:02:35", "text": "So, what's the point here? Why even look"}, {"start": "00:02:35", "end": "00:02:38", "text": "at the Russell 2000? It's simple. The"}, {"start": "00:02:38", "end": "00:02:39", "text": "real economy, the part that feels credit"}, {"start": "00:02:39", "end": "00:02:41", "text": "conditions and liquidity that lives in"}, {"start": "00:02:41", "end": "00:02:43", "text": "small caps like all coins like the"}, {"start": "00:02:43", "end": "00:02:45", "text": "Russell 2000. Small cap companies in the"}, {"start": "00:02:45", "end": "00:02:47", "text": "Russell 2000 don't have the massive cash"}, {"start": "00:02:47", "end": "00:02:50", "text": "reserves or cheap borrowing access that"}, {"start": "00:02:50", "end": "00:02:52", "text": "the large caps do. They rely heavily on"}, {"start": "00:02:52", "end": "00:02:54", "text": "loans, credit lines, and really the cost"}, {"start": "00:02:54", "end": "00:02:56", "text": "of capital. So, when we think of things"}, {"start": "00:02:56", "end": "00:02:58", "text": "like quantitative tightening that I've"}, {"start": "00:02:58", "end": "00:03:00", "text": "been talking a lot about lately, years"}, {"start": "00:03:00", "end": "00:03:02", "text": "of tightening, when financial conditions"}, {"start": "00:03:02", "end": "00:03:06", "text": "tighten, when rates rise, when liquidity"}, {"start": "00:03:06", "end": "00:03:08", "text": "is draining from the system for years,"}, {"start": "00:03:08", "end": "00:03:10", "text": "small caps are the first to get hit. So,"}, {"start": "00:03:10", "end": "00:03:12", "text": "here's the powerful part about that."}, {"start": "00:03:12", "end": "00:03:15", "text": "What happens when liquidity comes back?"}, {"start": "00:03:15", "end": "00:03:16", "text": "Well, it's pretty simple. Small caps"}, {"start": "00:03:16", "end": "00:03:19", "text": "recover well, especially after years of"}, {"start": "00:03:19", "end": "00:03:20", "text": "consolidation. And here's the thing."}, {"start": "00:03:20", "end": "00:03:23", "text": "Crypto behaves the same way. Crypto is a"}, {"start": "00:03:23", "end": "00:03:25", "text": "liquidity sensitive asset. It doesn't"}, {"start": "00:03:25", "end": "00:03:26", "text": "generate cash flow. It doesn't pay"}, {"start": "00:03:26", "end": "00:03:29", "text": "dividends. It thrives very simply when"}, {"start": "00:03:29", "end": "00:03:31", "text": "money is flowing, not when credit is"}, {"start": "00:03:31", "end": "00:03:33", "text": "tight. So, when liquidity expands,"}, {"start": "00:03:33", "end": "00:03:35", "text": "crypto reacts even faster. And this is"}, {"start": "00:03:35", "end": "00:03:37", "text": "why the Russell 2000 and crypto often"}, {"start": "00:03:37", "end": "00:03:39", "text": "move together. They're both high beta"}, {"start": "00:03:39", "end": "00:03:41", "text": "expressions of liquidity. They both"}, {"start": "00:03:41", "end": "00:03:43", "text": "respond early and they both frontr run"}, {"start": "00:03:43", "end": "00:03:45", "text": "the rest of the market. And when it"}, {"start": "00:03:45", "end": "00:03:47", "text": "happens, they can very well both"}, {"start": "00:03:47", "end": "00:03:49", "text": "outperform the rest of the market. So,"}, {"start": "00:03:49", "end": "00:03:51", "text": "there are so many different perspectives"}, {"start": "00:03:51", "end": "00:03:54", "text": "and ways to try and figure out which way"}, {"start": "00:03:54", "end": "00:03:56", "text": "is crypto headed or even understand"}, {"start": "00:03:56", "end": "00:03:57", "text": "where crypto could be headed, but the"}, {"start": "00:03:57", "end": "00:04:01", "text": "Russell and PMI might be the cleanest"}, {"start": "00:04:01", "end": "00:04:02", "text": "signals. So, I want to talk a little bit"}, {"start": "00:04:02", "end": "00:04:05", "text": "about why the Russell 2000 matters. The"}, {"start": "00:04:05", "end": "00:04:07", "text": "Russell 2000 is basically like the truth"}, {"start": "00:04:07", "end": "00:04:09", "text": "serum of the market, and we're really"}, {"start": "00:04:09", "end": "00:04:11", "text": "getting into the dynamics of how markets"}, {"start": "00:04:11", "end": "00:04:13", "text": "work. Small caps rely on real consumer"}, {"start": "00:04:13", "end": "00:04:15", "text": "demand, real borrowing costs, real"}, {"start": "00:04:15", "end": "00:04:18", "text": "credit conditions, real liquidity."}, {"start": "00:04:18", "end": "00:04:20", "text": "However, when the economy loosens, small"}, {"start": "00:04:20", "end": "00:04:22", "text": "caps take off. So, while everyone's"}, {"start": "00:04:22", "end": "00:04:25", "text": "watching Apple, Nvidia, Microsoft, like"}, {"start": "00:04:25", "end": "00:04:27", "text": "the bigger picture story with all the"}, {"start": "00:04:27", "end": "00:04:30", "text": "large caps, the Russell is quietly"}, {"start": "00:04:30", "end": "00:04:32", "text": "showing us what the actual liquidity"}, {"start": "00:04:32", "end": "00:04:34", "text": "cycle is doing. And if you think about"}, {"start": "00:04:34", "end": "00:04:35", "text": "it and you look at this monthly chart of"}, {"start": "00:04:35", "end": "00:04:37", "text": "the Russell, for the first time in three"}, {"start": "00:04:37", "end": "00:04:40", "text": "years, it is absolutely pressing into"}, {"start": "00:04:40", "end": "00:04:42", "text": "its multi-year resistance levels. And"}, {"start": "00:04:42", "end": "00:04:44", "text": "that's fine from a technical analysis"}, {"start": "00:04:44", "end": "00:04:47", "text": "perspective. But while it does this, PMI"}, {"start": "00:04:47", "end": "00:04:50", "text": "is sitting in its classic bottoming zone"}, {"start": "00:04:50", "end": "00:04:53", "text": "around 48. This is a combination that"}, {"start": "00:04:53", "end": "00:04:55", "text": "needs to be paid attention to,"}, {"start": "00:04:55", "end": "00:04:57", "text": "especially when we know crypto and the"}, {"start": "00:04:57", "end": "00:04:59", "text": "Russell 2000's correlation. Here's the"}, {"start": "00:04:59", "end": "00:05:00", "text": "part that gets a little crazy. If you"}, {"start": "00:05:00", "end": "00:05:03", "text": "zoom out on the monthly chart, like way"}, {"start": "00:05:03", "end": "00:05:05", "text": "out, you notice this. The Russell 2000"}, {"start": "00:05:05", "end": "00:05:08", "text": "tracks ridiculously with the PMI cycle."}, {"start": "00:05:08", "end": "00:05:11", "text": "PMI peaks, Russell peaks. PMI rolls"}, {"start": "00:05:11", "end": "00:05:14", "text": "over, Russell rolls over. PMI bottoms,"}, {"start": "00:05:14", "end": "00:05:17", "text": "Russell bases. PMI moves back above 50,"}, {"start": "00:05:17", "end": "00:05:21", "text": "Russell explodes. This happened in 1991,"}, {"start": "00:05:21", "end": "00:05:25", "text": "2003, 2010, 2016, 2020. And here's"}, {"start": "00:05:25", "end": "00:05:27", "text": "another factor that is so important. As"}, {"start": "00:05:27", "end": "00:05:29", "text": "you watch altcoins, we don't have that"}, {"start": "00:05:29", "end": "00:05:32", "text": "much data. Russell 2000 does. And every"}, {"start": "00:05:32", "end": "00:05:34", "text": "single time that sequence mark the start"}, {"start": "00:05:34", "end": "00:05:37", "text": "of a new expansion cycle. Right now, the"}, {"start": "00:05:37", "end": "00:05:39", "text": "Russell is doing something structurally"}, {"start": "00:05:39", "end": "00:05:42", "text": "bullish before PMI has fully turned up."}, {"start": "00:05:42", "end": "00:05:44", "text": "And that's the early cycle behavior. So"}, {"start": "00:05:44", "end": "00:05:45", "text": "now this is where crypto comes in."}, {"start": "00:05:45", "end": "00:05:47", "text": "Crypto behaves like a small cap asset"}, {"start": "00:05:47", "end": "00:05:50", "text": "driven by liquidity extremely sensitive"}, {"start": "00:05:50", "end": "00:05:52", "text": "to PMI and credit conditions. We can"}, {"start": "00:05:52", "end": "00:05:54", "text": "think about it like this. Russell"}, {"start": "00:05:54", "end": "00:05:58", "text": "hanging out basing crypto stabilizing."}, {"start": "00:05:58", "end": "00:06:01", "text": "PMI bottoming is a crypto accumulation"}, {"start": "00:06:01", "end": "00:06:03", "text": "type of era. Russell breakout coin"}, {"start": "00:06:03", "end": "00:06:05", "text": "explosion. Crypto is basically the"}, {"start": "00:06:05", "end": "00:06:07", "text": "Russell 2000 on leverage. This is why"}, {"start": "00:06:07", "end": "00:06:10", "text": "Blockchain Backer called all coins a"}, {"start": "00:06:10", "end": "00:06:12", "text": "high beta play on the Russell. I mean,"}, {"start": "00:06:12", "end": "00:06:13", "text": "if you just look at the charts and you"}, {"start": "00:06:13", "end": "00:06:15", "text": "look at the data, it's true. Crypto"}, {"start": "00:06:15", "end": "00:06:17", "text": "reacts faster. It reacts more"}, {"start": "00:06:17", "end": "00:06:19", "text": "explosively. And we're in the setup for"}, {"start": "00:06:19", "end": "00:06:20", "text": "that environment once again. So, what"}, {"start": "00:06:20", "end": "00:06:22", "text": "exactly is that setup? Well, right now,"}, {"start": "00:06:22", "end": "00:06:24", "text": "Russell is pressing the three-year"}, {"start": "00:06:24", "end": "00:06:27", "text": "resistance. PMI is bottoming under 50."}, {"start": "00:06:27", "end": "00:06:29", "text": "Quantitative tightening ending in"}, {"start": "00:06:29", "end": "00:06:32", "text": "December. We're days away. TGA likely to"}, {"start": "00:06:32", "end": "00:06:34", "text": "fall as we've noted in previous videos."}, {"start": "00:06:34", "end": "00:06:36", "text": "and M2 is preparing its move with the"}, {"start": "00:06:36", "end": "00:06:38", "text": "level of fear that we're seeing in the"}, {"start": "00:06:38", "end": "00:06:40", "text": "market right now and with this exact"}, {"start": "00:06:40", "end": "00:06:43", "text": "combination happening right now that has"}, {"start": "00:06:43", "end": "00:06:45", "text": "basically triggered broad risk on"}, {"start": "00:06:45", "end": "00:06:47", "text": "rotations in every expansion cycle since"}, {"start": "00:06:47", "end": "00:06:49", "text": "the 1980s. It's hard not to pay"}, {"start": "00:06:49", "end": "00:06:51", "text": "attention. Is it guaranteed? Of course"}, {"start": "00:06:51", "end": "00:06:53", "text": "not. You guys know I'm always saying"}, {"start": "00:06:53", "end": "00:06:55", "text": "this whole thing could all go to zero."}, {"start": "00:06:55", "end": "00:06:56", "text": "We have to manage our risk carefully."}, {"start": "00:06:56", "end": "00:06:59", "text": "But if you strictly look at just the"}, {"start": "00:06:59", "end": "00:07:02", "text": "data, this is the moment in the cycle"}, {"start": "00:07:02", "end": "00:07:04", "text": "where liquidity stops draining PMI"}, {"start": "00:07:04", "end": "00:07:07", "text": "bottoms and small caps and crypto, they"}, {"start": "00:07:07", "end": "00:07:09", "text": "begin to move. And while we think about"}, {"start": "00:07:09", "end": "00:07:10", "text": "all this data and we try to prepare for"}, {"start": "00:07:10", "end": "00:07:12", "text": "what could happen next, I want to really"}, {"start": "00:07:12", "end": "00:07:15", "text": "highlight nothing is guaranteed. PMI, it"}, {"start": "00:07:15", "end": "00:07:17", "text": "could drag on longer. The Fed might all"}, {"start": "00:07:17", "end": "00:07:19", "text": "of a sudden change its stance and we"}, {"start": "00:07:19", "end": "00:07:21", "text": "could just see the Fed tighten for"}, {"start": "00:07:21", "end": "00:07:23", "text": "longer. Small caps could just continue"}, {"start": "00:07:23", "end": "00:07:25", "text": "getting rejected at resistance again and"}, {"start": "00:07:25", "end": "00:07:27", "text": "again. I do want to present the data to"}, {"start": "00:07:27", "end": "00:07:29", "text": "you. The combination of PMI, liquidity,"}, {"start": "00:07:29", "end": "00:07:32", "text": "and small cap structure, it's one of the"}, {"start": "00:07:32", "end": "00:07:34", "text": "most important signals probably to watch"}, {"start": "00:07:34", "end": "00:07:35", "text": "right now. So, here's the takeaway. If"}, {"start": "00:07:35", "end": "00:07:37", "text": "you only watch the S&P 500, you're"}, {"start": "00:07:37", "end": "00:07:40", "text": "watching the wrong market. Especially as"}, {"start": "00:07:40", "end": "00:07:42", "text": "we track what the business cycle is"}, {"start": "00:07:42", "end": "00:07:44", "text": "doing. PMI is where the macro cycle"}, {"start": "00:07:44", "end": "00:07:46", "text": "reveals itself. And crypto and altcoins,"}, {"start": "00:07:46", "end": "00:07:50", "text": "they react to liquidity faster than most"}, {"start": "00:07:50", "end": "00:07:51", "text": "other assets. The Russell is doing"}, {"start": "00:07:51", "end": "00:07:53", "text": "something it hasn't done in years. And"}, {"start": "00:07:53", "end": "00:07:55", "text": "if we get a repeat of what has happened"}, {"start": "00:07:55", "end": "00:07:57", "text": "previously, this could be the early"}, {"start": "00:07:57", "end": "00:08:00", "text": "signal for a big crypto move. And while"}, {"start": "00:08:00", "end": "00:08:02", "text": "yes, we prepare for every single"}, {"start": "00:08:02", "end": "00:08:04", "text": "scenario, the question I have for you"}, {"start": "00:08:04", "end": "00:08:06", "text": "and myself is, are we prepared for that"}, {"start": "00:08:06", "end": "00:08:08", "text": "scenario? Thanks for watching everybody."}, {"start": "00:08:08", "end": "00:08:09", "text": "If you enjoyed this content, please"}, {"start": "00:08:09", "end": "00:08:11", "text": "consider giving it a like, hit that"}, {"start": "00:08:11", "end": "00:08:12", "text": "subscribe if you're not a subscriber,"}, {"start": "00:08:12", "end": "00:08:14", "text": "and once again, please feel free to get"}, {"start": "00:08:14", "end": "00:08:16", "text": "into our intelligence system. Click the"}, {"start": "00:08:16", "end": "00:08:18", "text": "link below, get a free trial, just"}, {"start": "00:08:18", "end": "00:08:19", "text": "cancel before the free trial is over if"}, {"start": "00:08:19", "end": "00:08:21", "text": "you don't like it. But check out our"}, {"start": "00:08:21", "end": "00:08:22", "text": "risk models, our exit planners, the"}, {"start": "00:08:22", "end": "00:08:24", "text": "onchain metrics, chat with our"}, {"start": "00:08:24", "end": "00:08:26", "text": "autonomous AI that's trained on our"}, {"start": "00:08:26", "end": "00:08:28", "text": "entire system, as well as your"}, {"start": "00:08:28", "end": "00:08:30", "text": "strategies that you have set back there."}, {"start": "00:08:30", "end": "00:08:31", "text": "Try it out. Let us know what you think."}, {"start": "00:08:31", "end": "00:08:33", "text": "Join our members. I appreciate all of"}, {"start": "00:08:33", "end": "00:08:34", "text": "you for watching. 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[{"start": "00:00:00", "end": "00:00:01", "text": "Right now, crypto continues to fall. We"}, {"start": "00:00:01", "end": "00:00:03", "text": "are actually closer to accumulation"}, {"start": "00:00:03", "end": "00:00:06", "text": "zones from a macro cycle perspective"}, {"start": "00:00:06", "end": "00:00:08", "text": "than exit areas, which is something most"}, {"start": "00:00:08", "end": "00:00:09", "text": "of the industry has anticipated for"}, {"start": "00:00:09", "end": "00:00:11", "text": "2025. Really, not so surprisingly, we"}, {"start": "00:00:11", "end": "00:00:13", "text": "are just on the opposite end of the"}, {"start": "00:00:13", "end": "00:00:15", "text": "spectrum. And as this happens, I want to"}, {"start": "00:00:15", "end": "00:00:16", "text": "do something a little bit differently"}, {"start": "00:00:16", "end": "00:00:17", "text": "today. We've been looking a lot at the"}, {"start": "00:00:17", "end": "00:00:20", "text": "macroeconomic side of things, PMI data,"}, {"start": "00:00:20", "end": "00:00:21", "text": "the Fed and what they're doing with"}, {"start": "00:00:21", "end": "00:00:22", "text": "quantitative tightening, the Treasury"}, {"start": "00:00:22", "end": "00:00:24", "text": "General accounts, which is essentially"}, {"start": "00:00:24", "end": "00:00:26", "text": "the Fed's checking accounts. But today I"}, {"start": "00:00:26", "end": "00:00:27", "text": "want to dive into some very important"}, {"start": "00:00:27", "end": "00:00:29", "text": "onchain data because the data that has"}, {"start": "00:00:29", "end": "00:00:32", "text": "come out in recent weeks is insane when"}, {"start": "00:00:32", "end": "00:00:34", "text": "you look at the cycles of crypto. And"}, {"start": "00:00:34", "end": "00:00:36", "text": "much of this data is really telling the"}, {"start": "00:00:36", "end": "00:00:38", "text": "same story. And it is a story right now"}, {"start": "00:00:38", "end": "00:00:40", "text": "that most people do not want to hear"}, {"start": "00:00:40", "end": "00:00:42", "text": "when price is crashing. And this is not"}, {"start": "00:00:42", "end": "00:00:44", "text": "an opinion. This is data. This is a"}, {"start": "00:00:44", "end": "00:00:46", "text": "story that has repeated every single"}, {"start": "00:00:46", "end": "00:00:48", "text": "cycle. In this video, I'm going to walk"}, {"start": "00:00:48", "end": "00:00:51", "text": "through a bunch of posts, the charts,"}, {"start": "00:00:51", "end": "00:00:52", "text": "and the signals. and through it I will"}, {"start": "00:00:52", "end": "00:00:54", "text": "commentate my thoughts in terms of what"}, {"start": "00:00:54", "end": "00:00:56", "text": "I think is going on and what I think"}, {"start": "00:00:56", "end": "00:00:58", "text": "will happen and not in a pumpy way just"}, {"start": "00:00:58", "end": "00:01:00", "text": "in a very real zoomed out data first way"}, {"start": "00:01:00", "end": "00:01:02", "text": "and this is the same way that we need to"}, {"start": "00:01:02", "end": "00:01:03", "text": "look at these markets every cycle so"}, {"start": "00:01:03", "end": "00:01:05", "text": "let's get into this here's a post from"}, {"start": "00:01:05", "end": "00:01:08", "text": "glass node BTC has broken below the 75"}, {"start": "00:01:08", "end": "00:01:10", "text": "cost basis quantile a level that has"}, {"start": "00:01:10", "end": "00:01:11", "text": "historically marked bare market"}, {"start": "00:01:11", "end": "00:01:14", "text": "territory across cycles reclaiming and"}, {"start": "00:01:14", "end": "00:01:16", "text": "holding above it has been key to"}, {"start": "00:01:16", "end": "00:01:18", "text": "restoring bullish structure bulls will"}, {"start": "00:01:18", "end": "00:01:20", "text": "want to see this level regained this is"}, {"start": "00:01:20", "end": "00:01:21", "text": "exactly the kind of thing that freak"}, {"start": "00:01:21", "end": "00:01:23", "text": "freaks everyone out because anytime the"}, {"start": "00:01:23", "end": "00:01:25", "text": "markets drop below one of these major"}, {"start": "00:01:25", "end": "00:01:28", "text": "cost basis bands, people instantly jump"}, {"start": "00:01:28", "end": "00:01:30", "text": "into bare market confirmed. It's game"}, {"start": "00:01:30", "end": "00:01:31", "text": "over. But here's the thing that people"}, {"start": "00:01:31", "end": "00:01:33", "text": "forget when looking at a piece of data"}, {"start": "00:01:33", "end": "00:01:35", "text": "like this. In every bull market, Bitcoin"}, {"start": "00:01:35", "end": "00:01:36", "text": "has dipped into these cost basis levels"}, {"start": "00:01:36", "end": "00:01:38", "text": "before continuing higher. So these"}, {"start": "00:01:38", "end": "00:01:40", "text": "levels basically mark the stress test"}, {"start": "00:01:40", "end": "00:01:41", "text": "phase and that's where we are right now."}, {"start": "00:01:41", "end": "00:01:44", "text": "It is absolutely where bulls get shaken,"}, {"start": "00:01:44", "end": "00:01:46", "text": "short-term holders panic, which we're"}, {"start": "00:01:46", "end": "00:01:47", "text": "going to look at, and the market simply"}, {"start": "00:01:47", "end": "00:01:49", "text": "has to decide whether or not the trend"}, {"start": "00:01:49", "end": "00:01:51", "text": "is intact. And if you zoom out, this is"}, {"start": "00:01:51", "end": "00:01:53", "text": "literally the same structure that we saw"}, {"start": "00:01:53", "end": "00:01:57", "text": "in 2020, 2021, and 2024. So before we"}, {"start": "00:01:57", "end": "00:01:59", "text": "jump even deeper into this rabbit hole"}, {"start": "00:01:59", "end": "00:02:00", "text": "of what holders are doing right now and"}, {"start": "00:02:00", "end": "00:02:02", "text": "how that might help identify the bottom,"}, {"start": "00:02:02", "end": "00:02:04", "text": "let me anchor this with what our own"}, {"start": "00:02:04", "end": "00:02:05", "text": "risk models are showing right now"}, {"start": "00:02:05", "end": "00:02:07", "text": "because the timing that you're about to"}, {"start": "00:02:07", "end": "00:02:09", "text": "see is pretty ridiculous. Coin is"}, {"start": "00:02:09", "end": "00:02:11", "text": "sitting at a risk score of 36. And two"}, {"start": "00:02:11", "end": "00:02:13", "text": "times before in previous cycles, we can"}, {"start": "00:02:13", "end": "00:02:16", "text": "look at this risk score of 36. 2014 and"}, {"start": "00:02:16", "end": "00:02:19", "text": "2018. In November 2014, Bitcoin was at a"}, {"start": "00:02:19", "end": "00:02:21", "text": "risk level of 36. Right as the market"}, {"start": "00:02:21", "end": "00:02:23", "text": "was transitioning out of QE and into a"}, {"start": "00:02:23", "end": "00:02:26", "text": "normalization phase, we can call it post"}, {"start": "00:02:26", "end": "00:02:28", "text": "QE. Going into that move, weeks later,"}, {"start": "00:02:28", "end": "00:02:30", "text": "Bitcoin bottomed. In November 2018,"}, {"start": "00:02:30", "end": "00:02:32", "text": "Bitcoin was at a risk of 38, right near"}, {"start": "00:02:32", "end": "00:02:34", "text": "the end of QT. And that time, the same"}, {"start": "00:02:34", "end": "00:02:36", "text": "thing happened. Bitcoin bottomed shortly"}, {"start": "00:02:36", "end": "00:02:38", "text": "after. So, in both cases, Bitcoin hit"}, {"start": "00:02:38", "end": "00:02:40", "text": "this very similar risk range, the"}, {"start": "00:02:40", "end": "00:02:42", "text": "mid-30s, and then bottomed an average of"}, {"start": "00:02:42", "end": "00:02:45", "text": "31 days later, 1 month. And right now we"}, {"start": "00:02:45", "end": "00:02:48", "text": "are days away from entering a post QQT"}, {"start": "00:02:48", "end": "00:02:50", "text": "normalization. So there is very similar"}, {"start": "00:02:50", "end": "00:02:52", "text": "macro structure happening right now from"}, {"start": "00:02:52", "end": "00:02:54", "text": "a macroeconomic perspective. Very"}, {"start": "00:02:54", "end": "00:02:56", "text": "similar place in the business cycle and"}, {"start": "00:02:56", "end": "00:02:58", "text": "Bitcoin is sitting at the exact same"}, {"start": "00:02:58", "end": "00:03:00", "text": "risk band in the mid30s. So as we dive"}, {"start": "00:03:00", "end": "00:03:02", "text": "into this data, maybe the bottom isn't"}, {"start": "00:03:02", "end": "00:03:04", "text": "in just yet. If we have any clues here,"}, {"start": "00:03:04", "end": "00:03:06", "text": "some of the best multicycle accumulation"}, {"start": "00:03:06", "end": "00:03:09", "text": "opportunities, the kind you only get in"}, {"start": "00:03:09", "end": "00:03:11", "text": "tightening or towards the end of"}, {"start": "00:03:11", "end": "00:03:13", "text": "tightening to easing transitions, might"}, {"start": "00:03:13", "end": "00:03:15", "text": "literally be days or weeks away. All"}, {"start": "00:03:15", "end": "00:03:16", "text": "right, now I want to get into the"}, {"start": "00:03:16", "end": "00:03:18", "text": "onchain data that I think is incredibly"}, {"start": "00:03:18", "end": "00:03:20", "text": "worth looking at right now. So, here's"}, {"start": "00:03:20", "end": "00:03:24", "text": "Glass Note again. At $96,000, nearly 99%"}, {"start": "00:03:24", "end": "00:03:25", "text": "of investors who accumulated Bitcoin"}, {"start": "00:03:25", "end": "00:03:29", "text": "within the past 155 days are now holding"}, {"start": "00:03:29", "end": "00:03:32", "text": "at a loss. 99%, everybody. That number"}, {"start": "00:03:32", "end": "00:03:34", "text": "should tell you everything that you need"}, {"start": "00:03:34", "end": "00:03:36", "text": "to know. Short-term holders, remember"}, {"start": "00:03:36", "end": "00:03:37", "text": "this is short-term holders. They bought"}, {"start": "00:03:37", "end": "00:03:39", "text": "the top again, and now they're"}, {"start": "00:03:39", "end": "00:03:41", "text": "underwater again. This exact thing"}, {"start": "00:03:41", "end": "00:03:46", "text": "happened in early 2021, mid 2023, and Q1"}, {"start": "00:03:46", "end": "00:03:49", "text": "2025. And every single time that cluster"}, {"start": "00:03:49", "end": "00:03:52", "text": "of short-term holder pain marked a"}, {"start": "00:03:52", "end": "00:03:55", "text": "reset, not a fullblown structural"}, {"start": "00:03:55", "end": "00:03:56", "text": "breakdown. People always confuse"}, {"start": "00:03:56", "end": "00:03:59", "text": "capitulation with trend reversal. Two"}, {"start": "00:03:59", "end": "00:04:00", "text": "things are not the same. So, let's"}, {"start": "00:04:00", "end": "00:04:02", "text": "continue this story of data. The"}, {"start": "00:04:02", "end": "00:04:04", "text": "realized loss of short-term holders has"}, {"start": "00:04:04", "end": "00:04:08", "text": "surged with the 7-day EMA reaching $427"}, {"start": "00:04:08", "end": "00:04:10", "text": "million a day, the highest level since"}, {"start": "00:04:10", "end": "00:04:13", "text": "November 2022. Panic selling is elevated"}, {"start": "00:04:13", "end": "00:04:15", "text": "and clearly rising, now exceeding the"}, {"start": "00:04:15", "end": "00:04:17", "text": "loss levels seen at the last two major"}, {"start": "00:04:17", "end": "00:04:19", "text": "lows of this cycle. The point is very"}, {"start": "00:04:19", "end": "00:04:21", "text": "clear. When you get realized losses that"}, {"start": "00:04:21", "end": "00:04:24", "text": "are this high, historically, one of two"}, {"start": "00:04:24", "end": "00:04:26", "text": "things happens. You're at the macro"}, {"start": "00:04:26", "end": "00:04:28", "text": "bottom or you're very, very close to"}, {"start": "00:04:28", "end": "00:04:29", "text": "one. Because right now we're seeing"}, {"start": "00:04:29", "end": "00:04:31", "text": "capitulation from short-term holders"}, {"start": "00:04:31", "end": "00:04:33", "text": "again. And this is exactly why these"}, {"start": "00:04:33", "end": "00:04:35", "text": "flushes happen in bull markets. It's a"}, {"start": "00:04:35", "end": "00:04:37", "text": "clearing mechanism. So check this out"}, {"start": "00:04:37", "end": "00:04:39", "text": "right here. This has been the case the"}, {"start": "00:04:39", "end": "00:04:41", "text": "entire cycle so far. Took a while for"}, {"start": "00:04:41", "end": "00:04:43", "text": "folks to recognize it, but sell aside by"}, {"start": "00:04:43", "end": "00:04:45", "text": "existing holders has been the primary"}, {"start": "00:04:45", "end": "00:04:48", "text": "reason for these maddeningly long"}, {"start": "00:04:48", "end": "00:04:51", "text": "periods of chopolidation. Folks like to"}, {"start": "00:04:51", "end": "00:04:53", "text": "blame options or manipulation, but it's"}, {"start": "00:04:53", "end": "00:04:55", "text": "just exiting huddling. So, on top of all"}, {"start": "00:04:55", "end": "00:04:57", "text": "this other data that we're discussing,"}, {"start": "00:04:57", "end": "00:04:58", "text": "there are clearly just a lot of people"}, {"start": "00:04:58", "end": "00:05:00", "text": "that are fed up or just deciding to get"}, {"start": "00:05:00", "end": "00:05:02", "text": "out altogether. And there are long-term"}, {"start": "00:05:02", "end": "00:05:03", "text": "holders that have taken profit."}, {"start": "00:05:03", "end": "00:05:05", "text": "Long-term holders are the actual supply"}, {"start": "00:05:05", "end": "00:05:07", "text": "engine. If they decide the price is good"}, {"start": "00:05:07", "end": "00:05:09", "text": "enough, maybe around 100,000 or so, they"}, {"start": "00:05:09", "end": "00:05:11", "text": "sell into strength. But remember, this"}, {"start": "00:05:11", "end": "00:05:13", "text": "only lasts until the supply dries up."}, {"start": "00:05:13", "end": "00:05:15", "text": "And historically, that moment lines up"}, {"start": "00:05:15", "end": "00:05:17", "text": "with a volatility flush, which could"}, {"start": "00:05:17", "end": "00:05:19", "text": "very well be what is happening right"}, {"start": "00:05:19", "end": "00:05:21", "text": "now. Here's James over here on X. The"}, {"start": "00:05:21", "end": "00:05:23", "text": "lower Bitcoin price goes, the less"}, {"start": "00:05:23", "end": "00:05:26", "text": "desirable it is for Wales to dump as"}, {"start": "00:05:26", "end": "00:05:28", "text": "they've had 9 months over $100,000 to"}, {"start": "00:05:28", "end": "00:05:30", "text": "distribute. Long-term holder supply has"}, {"start": "00:05:30", "end": "00:05:34", "text": "dropped by 51,000 BTC since Sunday. So,"}, {"start": "00:05:34", "end": "00:05:36", "text": "this is exactly it. Wales had 9 months"}, {"start": "00:05:36", "end": "00:05:38", "text": "to unload at $100,000 or more. And the"}, {"start": "00:05:38", "end": "00:05:40", "text": "lower we fall away from $100,000,"}, {"start": "00:05:40", "end": "00:05:42", "text": "they're not going to want to sell."}, {"start": "00:05:42", "end": "00:05:44", "text": "There's no incentive, especially as the"}, {"start": "00:05:44", "end": "00:05:46", "text": "business cycle gets ready to shift into"}, {"start": "00:05:46", "end": "00:05:48", "text": "expansion. That would be an incredibly"}, {"start": "00:05:48", "end": "00:05:50", "text": "risky move as Bitcoin continues to fall."}, {"start": "00:05:50", "end": "00:05:52", "text": "If anything, this is the zone where they"}, {"start": "00:05:52", "end": "00:05:55", "text": "start accumulating again slowly. While"}, {"start": "00:05:55", "end": "00:05:57", "text": "short-term holders continue to panic."}, {"start": "00:05:57", "end": "00:05:59", "text": "Here's Glass Note again. Distribution"}, {"start": "00:05:59", "end": "00:06:01", "text": "pressure is beginning to ease across key"}, {"start": "00:06:01", "end": "00:06:04", "text": "cohorts. After weeks of heavy spending,"}, {"start": "00:06:04", "end": "00:06:05", "text": "several holder groups are now moderating"}, {"start": "00:06:05", "end": "00:06:07", "text": "their selling. A sign that the most"}, {"start": "00:06:07", "end": "00:06:09", "text": "aggressive supply may be starting to"}, {"start": "00:06:09", "end": "00:06:13", "text": "fade as Bitcoin trades negative 25% off"}, {"start": "00:06:13", "end": "00:06:15", "text": "the highs. So, this is big because this"}, {"start": "00:06:15", "end": "00:06:16", "text": "is literally the pattern that we see"}, {"start": "00:06:16", "end": "00:06:18", "text": "right before the next leg. And I'm not"}, {"start": "00:06:18", "end": "00:06:20", "text": "trying to say we're about to bounce"}, {"start": "00:06:20", "end": "00:06:22", "text": "right into the next leg, but this is an"}, {"start": "00:06:22", "end": "00:06:24", "text": "ongoing pattern. Aggressive selling"}, {"start": "00:06:24", "end": "00:06:26", "text": "fades, short-term holders are wiped out,"}, {"start": "00:06:26", "end": "00:06:28", "text": "long-term slows down, price finds a"}, {"start": "00:06:28", "end": "00:06:31", "text": "base, then expansion. I do want to take"}, {"start": "00:06:31", "end": "00:06:32", "text": "a moment and talk about worst case"}, {"start": "00:06:32", "end": "00:06:34", "text": "scenarios here. So, check out this post."}, {"start": "00:06:34", "end": "00:06:36", "text": "The shift from a confirmed bull to a"}, {"start": "00:06:36", "end": "00:06:37", "text": "true bare market often comes after"}, {"start": "00:06:37", "end": "00:06:39", "text": "multiple major onchain price models"}, {"start": "00:06:39", "end": "00:06:42", "text": "fail. Short-term holder cost basis $"}, {"start": "00:06:42", "end": "00:06:43", "text": "109.8,000."}, {"start": "00:06:43", "end": "00:06:46", "text": "Active investors mean 88.6,000. True"}, {"start": "00:06:46", "end": "00:06:48", "text": "market mean 82,000. Realized price"}, {"start": "00:06:48", "end": "00:06:51", "text": "56.1,000. We're now testing active"}, {"start": "00:06:51", "end": "00:06:54", "text": "investors mean. A breakdown below both"}, {"start": "00:06:54", "end": "00:06:56", "text": "active investors and the true market"}, {"start": "00:06:56", "end": "00:06:57", "text": "mean would mark the first major"}, {"start": "00:06:57", "end": "00:06:59", "text": "confirmation of a deeper bare trend"}, {"start": "00:06:59", "end": "00:07:02", "text": "since May 2022. Now, I want to comment"}, {"start": "00:07:02", "end": "00:07:04", "text": "on that because I referenced our risk"}, {"start": "00:07:04", "end": "00:07:08", "text": "models for Bitcoin in 2014 and 2018, but"}, {"start": "00:07:08", "end": "00:07:10", "text": "I did not comment on the previous cycle."}, {"start": "00:07:10", "end": "00:07:13", "text": "But if you look at May of 2022, Bitcoin"}, {"start": "00:07:13", "end": "00:07:15", "text": "risk was also in the 30s. And the risk"}, {"start": "00:07:15", "end": "00:07:17", "text": "model and price for Bitcoin did not"}, {"start": "00:07:17", "end": "00:07:19", "text": "bottom until November 2022. But I want"}, {"start": "00:07:19", "end": "00:07:21", "text": "to make such an important note right"}, {"start": "00:07:21", "end": "00:07:24", "text": "now. Quantitative tightening was just"}, {"start": "00:07:24", "end": "00:07:26", "text": "getting ready to begin. And right now,"}, {"start": "00:07:26", "end": "00:07:28", "text": "we have the exact opposite about to"}, {"start": "00:07:28", "end": "00:07:30", "text": "happen. But even so, right now, in terms"}, {"start": "00:07:30", "end": "00:07:32", "text": "of that data, we're not there yet. We're"}, {"start": "00:07:32", "end": "00:07:34", "text": "not below these areas. We're testing"}, {"start": "00:07:34", "end": "00:07:36", "text": "them. A lot of people act like this draw"}, {"start": "00:07:36", "end": "00:07:38", "text": "down is proof of a new bare market. But"}, {"start": "00:07:38", "end": "00:07:39", "text": "there is so much other data that is"}, {"start": "00:07:39", "end": "00:07:40", "text": "going on right now. None of the"}, {"start": "00:07:40", "end": "00:07:42", "text": "long-term structural models have broken"}, {"start": "00:07:42", "end": "00:07:44", "text": "yet. We would need multiple model"}, {"start": "00:07:44", "end": "00:07:45", "text": "breakdowns, continued long-term holders"}, {"start": "00:07:45", "end": "00:07:47", "text": "flipping into very heavy distribution,"}, {"start": "00:07:47", "end": "00:07:49", "text": "and macro liquidity reversing or"}, {"start": "00:07:49", "end": "00:07:51", "text": "tightening. And again, the exact"}, {"start": "00:07:51", "end": "00:07:53", "text": "opposite in terms of liquidity is going"}, {"start": "00:07:53", "end": "00:07:54", "text": "to happen. Check out what James over"}, {"start": "00:07:54", "end": "00:07:57", "text": "here on X said. Every short-term holder"}, {"start": "00:07:57", "end": "00:07:58", "text": "6 months or less is now sitting at a"}, {"start": "00:07:58", "end": "00:08:02", "text": "loss. 2.8 million BTC, highest amount"}, {"start": "00:08:02", "end": "00:08:06", "text": "since FTX. This really is the flush."}, {"start": "00:08:06", "end": "00:08:09", "text": "This is the max fear. And historically,"}, {"start": "00:08:09", "end": "00:08:11", "text": "almost ironically, this is where rallies"}, {"start": "00:08:11", "end": "00:08:12", "text": "begin because once the short-term"}, {"start": "00:08:12", "end": "00:08:15", "text": "holders stop selling and they get tired,"}, {"start": "00:08:15", "end": "00:08:17", "text": "there's no supply left. And remember"}, {"start": "00:08:17", "end": "00:08:19", "text": "2022 FTX, that was basically the"}, {"start": "00:08:19", "end": "00:08:20", "text": "beginning of the bottom in the middle of"}, {"start": "00:08:20", "end": "00:08:23", "text": "QT without a pro crypto administration,"}, {"start": "00:08:23", "end": "00:08:25", "text": "without the Clarity Act, without"}, {"start": "00:08:25", "end": "00:08:26", "text": "everything else that we have going on"}, {"start": "00:08:26", "end": "00:08:28", "text": "right now. Chris asks, \"Is this a local"}, {"start": "00:08:28", "end": "00:08:30", "text": "bottom for Bitcoin and other digital"}, {"start": "00:08:30", "end": "00:08:32", "text": "assets?\" One chart I do like to use to"}, {"start": "00:08:32", "end": "00:08:33", "text": "help gauge the probabilities is a"}, {"start": "00:08:33", "end": "00:08:36", "text": "short-term holder MVRV chart along with"}, {"start": "00:08:36", "end": "00:08:38", "text": "their cost basis. If this is a regular"}, {"start": "00:08:38", "end": "00:08:40", "text": "20 to 30% draw down within the bull"}, {"start": "00:08:40", "end": "00:08:43", "text": "market, then the MVRV ratio is showing a"}, {"start": "00:08:43", "end": "00:08:46", "text": "similar valley. This data tips my"}, {"start": "00:08:46", "end": "00:08:48", "text": "assessed probabilities in favor of this"}, {"start": "00:08:48", "end": "00:08:50", "text": "being a regular and healthy draw down."}, {"start": "00:08:50", "end": "00:08:52", "text": "This is a valley. It's not a crash. It's"}, {"start": "00:08:52", "end": "00:08:54", "text": "a reset. In our intelligence system, we"}, {"start": "00:08:54", "end": "00:08:56", "text": "also have onchain metrics. Look at the"}, {"start": "00:08:56", "end": "00:08:58", "text": "MVRV chart. We've developed an actual"}, {"start": "00:08:58", "end": "00:09:00", "text": "heat map based on this chart, and you"}, {"start": "00:09:00", "end": "00:09:03", "text": "can see a full reset happening right now"}, {"start": "00:09:03", "end": "00:09:05", "text": "across cycles. Here's Cryptos RS. Supply"}, {"start": "00:09:05", "end": "00:09:08", "text": "and losses climbed to 28 to 33%,"}, {"start": "00:09:08", "end": "00:09:10", "text": "matching the charts October endpoint and"}, {"start": "00:09:10", "end": "00:09:12", "text": "echoing 2024's correction levels. We may"}, {"start": "00:09:12", "end": "00:09:14", "text": "be short-term bearish, but this could"}, {"start": "00:09:14", "end": "00:09:16", "text": "flush out the final week holders, paving"}, {"start": "00:09:16", "end": "00:09:19", "text": "the way for Q4, Q1, 2026 bout. There's"}, {"start": "00:09:19", "end": "00:09:20", "text": "always emotional, but let's be very"}, {"start": "00:09:20", "end": "00:09:22", "text": "real. This is one of the most emotional"}, {"start": "00:09:22", "end": "00:09:24", "text": "parts of the cycle. Everyone's asking,"}, {"start": "00:09:24", "end": "00:09:27", "text": "is this the bottom? Is the bottom close?"}, {"start": "00:09:27", "end": "00:09:28", "text": "Is the top in? And lastly, here's what"}, {"start": "00:09:28", "end": "00:09:30", "text": "Onchain College says. I've been tracking"}, {"start": "00:09:30", "end": "00:09:32", "text": "this exact setup on Bitcoin net realized"}, {"start": "00:09:32", "end": "00:09:34", "text": "profit loss since the beginning of the"}, {"start": "00:09:34", "end": "00:09:36", "text": "year. It finally flipped into net"}, {"start": "00:09:36", "end": "00:09:38", "text": "losses, which is a key signal that's"}, {"start": "00:09:38", "end": "00:09:39", "text": "aligned with every local bottom this"}, {"start": "00:09:39", "end": "00:09:41", "text": "cycle. One of the simplest but most"}, {"start": "00:09:41", "end": "00:09:43", "text": "accurate signals in crypto. Net losses"}, {"start": "00:09:43", "end": "00:09:46", "text": "equals bottom conditions. It really has"}, {"start": "00:09:46", "end": "00:09:48", "text": "been that simple every time. Now this"}, {"start": "00:09:48", "end": "00:09:50", "text": "doesn't guarantee up only starting today"}, {"start": "00:09:50", "end": "00:09:52", "text": "or tomorrow or even next week but it"}, {"start": "00:09:52", "end": "00:09:53", "text": "really does in my opinion confirm that"}, {"start": "00:09:53", "end": "00:09:55", "text": "we are at the part of the cycle where"}, {"start": "00:09:55", "end": "00:09:57", "text": "reversals start forming. So here's where"}, {"start": "00:09:57", "end": "00:09:59", "text": "all this leaves us or at least me in my"}, {"start": "00:09:59", "end": "00:10:01", "text": "opinion. This draw down is obviously"}, {"start": "00:10:01", "end": "00:10:02", "text": "incredibly tough. People are panicking."}, {"start": "00:10:02", "end": "00:10:04", "text": "Sentiment is awful. I myself don't enjoy"}, {"start": "00:10:04", "end": "00:10:07", "text": "it. But you have short-term holders at"}, {"start": "00:10:07", "end": "00:10:09", "text": "max loss. Long-term holders finally"}, {"start": "00:10:09", "end": "00:10:10", "text": "easing their selling. Distribution"}, {"start": "00:10:10", "end": "00:10:13", "text": "pressure fading. Capitulation signals"}, {"start": "00:10:13", "end": "00:10:15", "text": "stacking. Models being stress tested in"}, {"start": "00:10:15", "end": "00:10:17", "text": "bull market ranges. And here's the most"}, {"start": "00:10:17", "end": "00:10:20", "text": "important thing about everything I just"}, {"start": "00:10:20", "end": "00:10:22", "text": "talked about. All of this is happening"}, {"start": "00:10:22", "end": "00:10:24", "text": "right before liquidity conditions"}, {"start": "00:10:24", "end": "00:10:27", "text": "improve because remember QT ends in"}, {"start": "00:10:27", "end": "00:10:31", "text": "December after like 3 years. PMI is"}, {"start": "00:10:31", "end": "00:10:33", "text": "bottoming after years. The business"}, {"start": "00:10:33", "end": "00:10:34", "text": "cycle is turning. The liquidity engine"}, {"start": "00:10:34", "end": "00:10:36", "text": "after years is about to flip direction."}, {"start": "00:10:36", "end": "00:10:38", "text": "So I don't think the question is is"}, {"start": "00:10:38", "end": "00:10:40", "text": "Bitcoin doomed? Is it all over for"}, {"start": "00:10:40", "end": "00:10:42", "text": "crypto and altcoins? The real question"}, {"start": "00:10:42", "end": "00:10:44", "text": "is right now and maybe will be next"}, {"start": "00:10:44", "end": "00:10:46", "text": "week. Is this the final shakeout before"}, {"start": "00:10:46", "end": "00:10:48", "text": "the macro tailwind hits? And based on"}, {"start": "00:10:48", "end": "00:10:50", "text": "all the data, all that we can do is make"}, {"start": "00:10:50", "end": "00:10:52", "text": "the best decision possible in our very"}, {"start": "00:10:52", "end": "00:10:54", "text": "own unique situations. If you enjoyed"}, {"start": "00:10:54", "end": "00:10:55", "text": "this content, everybody, please hit the"}, {"start": "00:10:55", "end": "00:10:56", "text": "subscribe, hit the like. I've been"}, {"start": "00:10:56", "end": "00:10:58", "text": "enjoying making these videos lately. So,"}, {"start": "00:10:58", "end": "00:11:00", "text": "I appreciate each and every one of you"}, {"start": "00:11:00", "end": "00:11:01", "text": "that has been watching. And if you"}, {"start": "00:11:01", "end": "00:11:03", "text": "enjoyed the content, you're a macro"}, {"start": "00:11:03", "end": "00:11:05", "text": "investor, hit the link below, get set up"}, {"start": "00:11:05", "end": "00:11:06", "text": "for a free trial in our intelligence"}, {"start": "00:11:06", "end": "00:11:08", "text": "systems, and start planning based on"}, {"start": "00:11:08", "end": "00:11:10", "text": "risk, not emotion. I appreciate each and"}, {"start": "00:11:10", "end": "00:11:11", "text": "every one of you. I will see you in the"}, {"start": "00:11:11", "end": "00:11:14", "text": "next video. God bless."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Altcoin charts, man. Altcoin charts. Not even all coins. Actually, the weird"}, {"start": "00:00:07", "end": "00:00:13", "text": "thing that's happening that I want to talk about in this video has a lot to do with altcoins and Bitcoin. This is"}, {"start": "00:00:13", "end": "00:00:20", "text": "Bitcoin dominance on the weekly chart. It's just weird falling into this environment that we're falling into right now on these charts and Bitcoin"}, {"start": "00:00:20", "end": "00:00:25", "text": "dominance is falling right now. So, I want to talk about a lot of different things in this video. So, please hit the"}, {"start": "00:00:25", "end": "00:00:31", "text": "subscribe and like on the way in if you're not a subscriber. And if you're not in our intelligence system, get back"}, {"start": "00:00:31", "end": "00:00:37", "text": "there. We have the free trial still going on right now. We've got a ton of different risk metrics in scene for me"}, {"start": "00:00:37", "end": "00:00:43", "text": "as I do this video. We are currently in approaching, I should say, and in"}, {"start": "00:00:43", "end": "00:00:50", "text": "accumulation areas. Many of you along with myself, 95% of the industry thought"}, {"start": "00:00:50", "end": "00:00:55", "text": "right now we'd be in take-profit areas in terms of risk. We are we are on the"}, {"start": "00:00:55", "end": "00:01:01", "text": "exact other side of it everybody. So I hope you're doing well out there. Hang in there. I can't tell you how many times I've come on to a live stream in"}, {"start": "00:01:01", "end": "00:01:07", "text": "these environments and I do something like this full screen and I say it's"}, {"start": "00:01:07", "end": "00:01:15", "text": "going to be okay. And actually I want to start the video by explaining something to you. It's important um just because"}, {"start": "00:01:15", "end": "00:01:21", "text": "it's it's my macro view. Uh I posted this the other day on X."}, {"start": "00:01:21", "end": "00:01:29", "text": "Many won't agree, but this is how it is. Altcoin Market Cap is back at the it's"}, {"start": "00:01:29", "end": "00:01:35", "text": "over level for the fifth time in three years. And by the way, everybody, please smash that like on the on the way in"}, {"start": "00:01:35", "end": "00:01:40", "text": "because I know we're going to have a tough time with the with the haters today. Except this time, three years of"}, {"start": "00:01:40", "end": "00:01:46", "text": "quantitative tightening ends in two weeks. So everything we're about to discuss in this video, please just know this is my approach to the market. And"}, {"start": "00:01:46", "end": "00:01:53", "text": "you all know that even when we're in uptrends and I'm sitting here maybe saying something like it could all go to"}, {"start": "00:01:53", "end": "00:01:58", "text": "zero. I don't know right now, especially right now. I'd"}, {"start": "00:01:58", "end": "00:02:06", "text": "rather fail as an investor and it goes to zero than sell right before expansion. That's just me. And I've been"}, {"start": "00:02:06", "end": "00:02:12", "text": "doing a lot of different videos in like the last one to two weeks from a macro macroeconomic data point perspective."}, {"start": "00:02:12", "end": "00:02:18", "text": "They've taken me a very long time to do these videos, but they're very data driven and it has a lot to do with, you"}, {"start": "00:02:18", "end": "00:02:24", "text": "know, something like this. This is the TGA. This is the Fed balance sheet,"}, {"start": "00:02:24", "end": "00:02:30", "text": "quantitative tightening, quantitative easing, the liquidity factor that is going on, the business cycle. Here's the"}, {"start": "00:02:30", "end": "00:02:37", "text": "PMI chart. everything. Everybody for me I I would just rather it go to"}, {"start": "00:02:37", "end": "00:02:43", "text": "zero and I'm holding than miss out on what I think is about to happen though it's been an extended cycle. So let's"}, {"start": "00:02:43", "end": "00:02:49", "text": "talk about this and a lot of this is what you see on the"}, {"start": "00:02:49", "end": "00:02:55", "text": "screen. It's over. That is the sentiment. And I actually was editing a video that I recorded and I was going to"}, {"start": "00:02:55", "end": "00:03:01", "text": "release later today about short-term holders, what they're doing. The"}, {"start": "00:03:01", "end": "00:03:08", "text": "sentiment is absolutely terrible right now, but I wanted to do a live stream instead because crypto is looking rough."}, {"start": "00:03:08", "end": "00:03:14", "text": "So, let's go through some posts and then I want to look at the charts. Uh, this is just a note because I think some of"}, {"start": "00:03:14", "end": "00:03:21", "text": "what we see happening right now, we're going to see it on the VIX in just a moment, has has something to do with this. Morgan Stanley no longer expects"}, {"start": "00:03:21", "end": "00:03:28", "text": "Fed rate cut in December. This kind of started yesterday and it's it's going into today. But I saw this comment. It"}, {"start": "00:03:28", "end": "00:03:33", "text": "was just really good because this really for me puts it into perspective of how"}, {"start": "00:03:33", "end": "00:03:39", "text": "I'm thinking. This might be a stupid question, but if the market is now pricing in no December rate cuts, but"}, {"start": "00:03:39", "end": "00:03:46", "text": "the market is forward-looking, at what point does it start pricing in the inev inevitable rate cuts once Trump is able"}, {"start": "00:03:46", "end": "00:03:51", "text": "to stack the Fed how he wants in a few months? And I think he I think Trump is"}, {"start": "00:03:51", "end": "00:03:58", "text": "going to be announcing his pick by the end of this year. I think this is like news that's just coming out."}, {"start": "00:03:58", "end": "00:04:04", "text": "We're very zoomed into the charts. They look absolutely horrendous. Let's go back to the altcoin market cap chart."}, {"start": "00:04:04", "end": "00:04:10", "text": "I've been doing these videos since all the way back here. Um, only a few times"}, {"start": "00:04:10", "end": "00:04:15", "text": "has it felt like it feels now. And we're going to look at that in terms of fear. But you can go back here. This was like"}, {"start": "00:04:15", "end": "00:04:21", "text": "June 2022 bare market low, especially this one. Here's FTX, everybody. The"}, {"start": "00:04:21", "end": "00:04:27", "text": "FTX. We're going to talk about that. The FTX sphere, everything was happening there. And then of course right here,"}, {"start": "00:04:27", "end": "00:04:33", "text": "this was the bottom of 2018 bare market. And then I think lastly, I guess co this"}, {"start": "00:04:33", "end": "00:04:38", "text": "this is it. We're we're in terms of sentiment and fear and the vibe. This is"}, {"start": "00:04:38", "end": "00:04:45", "text": "where we are right now in this chart. Now there's a lot to talk about in terms of from a macroeconomic perspective"}, {"start": "00:04:45", "end": "00:04:51", "text": "where we are and we're going to talk about that. So let us continue through"}, {"start": "00:04:51", "end": "00:04:56", "text": "some of these posts. This is something I was recording the video on today. I will probably release"}, {"start": "00:04:56", "end": "00:05:02", "text": "it tomorrow, but short-term holders underwater 2020 COVID crash 92% in a"}, {"start": "00:05:02", "end": "00:05:09", "text": "loss. This was at 3,800 around $3,800. 2022 FTX collapse. We just looked at"}, {"start": "00:05:09", "end": "00:05:16", "text": "that on the charts. 94% were in a loss at a $16,000 Bitcoin."}, {"start": "00:05:16", "end": "00:05:22", "text": "Please think about this because now we're getting into the data, everybody. All I want this to be is data driven."}, {"start": "00:05:22", "end": "00:05:27", "text": "Okay? I'm a macro bull. I'd rather hold a zero than not hold. But just look at"}, {"start": "00:05:27", "end": "00:05:33", "text": "this data. Hopefully, you can be unemotional in these moments because that's where the money is made. It's in"}, {"start": "00:05:33", "end": "00:05:42", "text": "these moments. I'm telling you today, 99% in a loss at $89,000. This is the"}, {"start": "00:05:42", "end": "00:05:47", "text": "highest shortterm holder capitulation ever recorded."}, {"start": "00:05:47", "end": "00:05:54", "text": "That's crazy. And it's $89,000. That's some valuable data. And I again I"}, {"start": "00:05:54", "end": "00:06:00", "text": "did a video on holder data because there's a lot to be said in terms of"}, {"start": "00:06:00", "end": "00:06:07", "text": "what is happening from a holder perspective right now and there's a lot of clues. I saw plan C. We're seeing pretty"}, {"start": "00:06:07", "end": "00:06:14", "text": "significant levels of capitulation and might see a $10,000 swing to the downside within 24 hours. This is not my"}, {"start": "00:06:14", "end": "00:06:19", "text": "view. And what he's saying though I will say is is prob not probable possible"}, {"start": "00:06:19", "end": "00:06:27", "text": "price on the short term at the end of the day I think in his opinion and this is what I want to exemplify is just that"}, {"start": "00:06:27", "end": "00:06:32", "text": "it's shortterm no one knows for sure but 70 to 75,000 Bitcoin is starting to look"}, {"start": "00:06:32", "end": "00:06:38", "text": "increasingly probable to him this is starting to remind me the fast short-lived full-on capitulation similar"}, {"start": "00:06:38", "end": "00:06:44", "text": "to 2020 potentially there's a global black swan event brewing and Bitcoin is the early signal I really hope there's"}, {"start": "00:06:44", "end": "00:06:51", "text": "is not. But again, if it is right, it really is starting to"}, {"start": "00:06:51", "end": "00:06:57", "text": "look like back here in terms of sentiment, in terms of the chart, in terms of falling. This is the altcoin"}, {"start": "00:06:57", "end": "00:07:03", "text": "market cap chart or actually this is total crypto market cap chart. I'm sorry, Bitcoin's included. But it's starting to look like back here. And"}, {"start": "00:07:03", "end": "00:07:09", "text": "what is so interesting to me is how uh the Fed ended quantitative tightening"}, {"start": "00:07:09", "end": "00:07:17", "text": "right here as well. So this whole area back here, all I want to say is it wasn't the exact immediate bottom."}, {"start": "00:07:17", "end": "00:07:22", "text": "Whether you're looking at wing QT ended or you're looking at the COVID black swan event, it wasn't the immediate"}, {"start": "00:07:22", "end": "00:07:28", "text": "bottom, but that range was the end of the bottom towards the end of the"}, {"start": "00:07:28", "end": "00:07:33", "text": "range of the bottom. And so right now, this is why I think the data is"}, {"start": "00:07:33", "end": "00:07:39", "text": "suggesting even with this uptrend of higher highs and higher lows in the market, I don't think we're entering"}, {"start": "00:07:39", "end": "00:07:45", "text": "this very long bare market like we've seen. I don't think that's what's happening right now."}, {"start": "00:07:45", "end": "00:07:54", "text": "We're consolidating for sure, but in the macro scheme of things, all data is pointing to we are preparing for after"}, {"start": "00:07:54", "end": "00:08:00", "text": "this consolidation and redistribution and whatever capitulation needs to happen. We are preparing for the next"}, {"start": "00:08:00", "end": "00:08:07", "text": "phase of the macro cycle. And I really mean the macro cycle. I'm talking about the business cycle. Everybody, it has"}, {"start": "00:08:07", "end": "00:08:12", "text": "been years of liquidity being drained from this system. And this PMI chart is"}, {"start": "00:08:12", "end": "00:08:20", "text": "a very good example of after this is coming to an NQT and I've been talking about this this if this thing starts"}, {"start": "00:08:20", "end": "00:08:27", "text": "expanding this is what has led to previous bull markets. So that's why I'm saying I'm focused on the macroeconomic"}, {"start": "00:08:27", "end": "00:08:33", "text": "perspective and now that we're falling into high fear events or environments it's so time to pay attention everybody."}, {"start": "00:08:33", "end": "00:08:39", "text": "We got a we got thousands of people in this video. If you're getting any value from this content, please smash that"}, {"start": "00:08:39", "end": "00:08:46", "text": "like button right now. We got 146 likes. So, your support means a ton to me. I'm"}, {"start": "00:08:46", "end": "00:08:53", "text": "chilling the likes, everybody. Somebody says bare market."}, {"start": "00:08:53", "end": "00:09:00", "text": "It's fine. It's fine. The opinions, I like them. Bare market,"}, {"start": "00:09:00", "end": "00:09:06", "text": "bull market, whatever you think. I I think what the data is suggesting if you"}, {"start": "00:09:06", "end": "00:09:13", "text": "look at a PMI chart, if you look at the business cycles and liquidity, we've been in a bare market this entire time"}, {"start": "00:09:13", "end": "00:09:19", "text": "and we've actually not exited the bare market since the last bull market highs."}, {"start": "00:09:19", "end": "00:09:25", "text": "But let's continue this story. So fear levels are basically at FTX collapse and COVID crash, both of which were the"}, {"start": "00:09:25", "end": "00:09:31", "text": "bottom, not the start of a downtrend. And I want to add to this further with this post on on top of fear. and then"}, {"start": "00:09:31", "end": "00:09:37", "text": "we're going to dive into the charts. The fear and greed index falls to eight now"}, {"start": "00:09:37", "end": "00:09:43", "text": "at its lowest level since the April 2025 bottom. So for context, we've already"}, {"start": "00:09:43", "end": "00:09:50", "text": "been talking about, you know, COVID 2018 bare market bottom, FTX collapse right"}, {"start": "00:09:50", "end": "00:09:57", "text": "here, the last bare market bottoming out area back here. Okay, so now we're we're"}, {"start": "00:09:57", "end": "00:10:02", "text": "within that range in terms of fear right at this moment. And again, this is a total crypto market cap chart sitting"}, {"start": "00:10:02", "end": "00:10:08", "text": "just under $3 trillion. We are back to extreme fear with the S&P"}, {"start": "00:10:08", "end": "00:10:14", "text": "500 just 5% away from a record high. It's so weird because the f S&P 500 is"}, {"start": "00:10:14", "end": "00:10:20", "text": "just 5% away from record high and the fear is this high. And the crypto charts"}, {"start": "00:10:20", "end": "00:10:27", "text": "are very similar, right? In terms of especially Bitcoin, the last time this happened, the S&P 500 rallied 200 or"}, {"start": "00:10:27", "end": "00:10:34", "text": "plus 200 points in 48 hours. So again, I know many people want to sit here and"}, {"start": "00:10:34", "end": "00:10:41", "text": "they want to look at a simple moving average breaking on the zoomed out charts and say this is it. It's game"}, {"start": "00:10:41", "end": "00:10:47", "text": "over. We're falling into a a very long brutal bare market. Um like 20 beginning"}, {"start": "00:10:47", "end": "00:10:53", "text": "of 2018 or the beginning of 2021. But I just want to say everybody this"}, {"start": "00:10:53", "end": "00:10:59", "text": "all this data that I'm presenting to you and this is just this is barely"}, {"start": "00:10:59", "end": "00:11:05", "text": "barely the surface of it. This is this is suggestive that we're not entering a"}, {"start": "00:11:05", "end": "00:11:11", "text": "full-scale bare market. But something very big for for a potential bull move"}, {"start": "00:11:11", "end": "00:11:17", "text": "is in the works every time we get into bottom bare market areas. And this is"}, {"start": "00:11:17", "end": "00:11:23", "text": "really the point. This is what this looks like."}, {"start": "00:11:23", "end": "00:11:31", "text": "Somebody said, I think, how low can we go and it's true. It's the question"}, {"start": "00:11:31", "end": "00:11:37", "text": "everybody has. I I was I recorded a video earlier today. I need to edit it, but that was kind of it. Every and"}, {"start": "00:11:37", "end": "00:11:44", "text": "everybody wants to know, is it over? How low we going to go? Is the bottom in? And it is, man. If you remember, I don't"}, {"start": "00:11:44", "end": "00:11:50", "text": "know if you were here or not, but like if you just go look at the crypto market cap chart, like when we any time we're"}, {"start": "00:11:50", "end": "00:11:55", "text": "falling back here in COVID, back here at the bottom of 2018, it's just like it's"}, {"start": "00:11:55", "end": "00:12:01", "text": "the feeling, right? How when is this going to end? So,"}, {"start": "00:12:01", "end": "00:12:07", "text": "lastly, as we pivot into charts, I do want to just make a note. If you've not not seen any of my recent videos,"}, {"start": "00:12:07", "end": "00:12:14", "text": "they're less technical analysis and they were way more macro-minded, but Ray Dalio also did this post stimulating"}, {"start": "00:12:14", "end": "00:12:21", "text": "into a bubble a couple of weeks ago. Did you see the Fed's announcement that it will stop QT and begin QE? While it's"}, {"start": "00:12:21", "end": "00:12:26", "text": "described as a technical maneuver, any way you cut it, it's an easy easing move. This isn't opinion, everybody."}, {"start": "00:12:26", "end": "00:12:33", "text": "What what the Fed is doing, this is not opinion. what is what is getting ready to happen to"}, {"start": "00:12:33", "end": "00:12:38", "text": "uh the Fed balance sheet here in the end of years of quantitative tightening. It's not an opinion. It's going to"}, {"start": "00:12:38", "end": "00:12:47", "text": "happen. This is only the second time this has ever happened. And when this happens historically as it relates to"}, {"start": "00:12:47", "end": "00:12:53", "text": "crypto and as the business cycle starts expanding and we get liquidity not even"}, {"start": "00:12:53", "end": "00:13:00", "text": "just flowing into the system but just that drainage for that's been happening for years when we have that stop this is"}, {"start": "00:13:00", "end": "00:13:08", "text": "what leads to bull runs and bull markets. So there is no if you're a macro-minded"}, {"start": "00:13:08", "end": "00:13:16", "text": "investor there's no better thing to be happening right now now that we are like what 11 days or so 12 days away from the"}, {"start": "00:13:16", "end": "00:13:21", "text": "end of QT there's nothing better if you're like"}, {"start": "00:13:21", "end": "00:13:27", "text": "all right this is a bummer because I am but I'm here like I'm here for it."}, {"start": "00:13:27", "end": "00:13:33", "text": "There's nothing better than record-breaking fear as we enter this macro environment."}, {"start": "00:13:33", "end": "00:13:37", "text": "It just is what it is."}, {"start": "00:13:47", "end": "00:13:53", "text": "Dan, I'm trying to I I'm having trouble reading this on the where I have this. When will we see early signs of"}, {"start": "00:13:53", "end": "00:13:59", "text": "liquidity enter into the market? When do you determine we are definitely into a bare market? What signs will make you"}, {"start": "00:13:59", "end": "00:14:06", "text": "challenge your thesis on a business cycle? So, and I kind of"}, {"start": "00:14:06", "end": "00:14:12", "text": "been mentioning this in recent videos, right? So, a lot of people look at rate cuts, what the Fed is doing, rate cuts,"}, {"start": "00:14:12", "end": "00:14:19", "text": "rate cuts, rate cuts, right? But there's two there's two dynamics to this. The"}, {"start": "00:14:19", "end": "00:14:26", "text": "fact that rate cuts, and we just looked at this at the beginning of the video, Morgan Stanley no longer expects Fed rate cut in December. This does not"}, {"start": "00:14:26", "end": "00:14:32", "text": "change the macro thesis at all. If it does anything, it slows it down, right?"}, {"start": "00:14:32", "end": "00:14:39", "text": "It slows it down. But this happening, Fed cutting rates is is like only one"}, {"start": "00:14:39", "end": "00:14:45", "text": "small mechanism to the liquidity machine, right? And so that's why in"}, {"start": "00:14:45", "end": "00:14:50", "text": "recent videos, what I've been trying to do is really start tracking things like"}, {"start": "00:14:50", "end": "00:14:56", "text": "this. And this is the um Treasury General account. This is basically like the Fed's checking account. And this is"}, {"start": "00:14:56", "end": "00:15:01", "text": "probably zoom in on this. You can actually see it just ticked down, right?"}, {"start": "00:15:01", "end": "00:15:07", "text": "And this is something that I want to start monitoring because of the Fed shutdown and everything that that did."}, {"start": "00:15:07", "end": "00:15:13", "text": "It locked up a lot of liquidity. And so this can be a kind of delayed effect in"}, {"start": "00:15:13", "end": "00:15:20", "text": "terms of when we start seeing that enter the system. But what we want to see is the Fed balance sheet start kind of"}, {"start": "00:15:20", "end": "00:15:25", "text": "contracting back down um after being locked up up here, right? So that money"}, {"start": "00:15:25", "end": "00:15:31", "text": "in the short term could actually cause us to balance out of these levels. But that's something in the short term."}, {"start": "00:15:31", "end": "00:15:39", "text": "Other than that, I think as we go into the the the rest of this year and 20 um"}, {"start": "00:15:39", "end": "00:15:46", "text": "26, it's it's going to be all about monitoring the PMI. It's going to be all about monitoring the lagging effect of"}, {"start": "00:15:46", "end": "00:15:52", "text": "basically what happens here. QT, no matter how you spin it, is ending."}, {"start": "00:15:52", "end": "00:15:59", "text": "And this is the big macro powerhouse thing that if you're a macrominded investor, it's really what matters. So,"}, {"start": "00:15:59", "end": "00:16:06", "text": "I think the the answer to to answer your question, it's kind of like if the Fed just here's what would need to happen"}, {"start": "00:16:06", "end": "00:16:15", "text": "for me to change my thesis here is like if Jerome Pal and the Fed comes out and says something that is so contradictory"}, {"start": "00:16:15", "end": "00:16:20", "text": "to what is about to happen and they've waited so long. They they've waited"}, {"start": "00:16:20", "end": "00:16:28", "text": "they've delayed this for like so much longer than you know most uh analysts"}, {"start": "00:16:28", "end": "00:16:33", "text": "economists would have thought or wanted. So people are irritated with that,"}, {"start": "00:16:33", "end": "00:16:39", "text": "right? But finally it's coming to an end. But if all of a sudden drone pal's like they're going to switch their they're going to even flip it up again"}, {"start": "00:16:39", "end": "00:16:46", "text": "and change their monetary policy again in terms of tightening and stuff, then I I I think I will have some concern. I"}, {"start": "00:16:46", "end": "00:16:54", "text": "want to make a note because people get irritated that I'm still bullish even in this mindset or even in this like environment like"}, {"start": "00:16:54", "end": "00:17:02", "text": "I am bullish and I there really will be if if this plays out even if it's slower or faster"}, {"start": "00:17:02", "end": "00:17:08", "text": "and we get gains and we get an uptick in PMI"}, {"start": "00:17:08", "end": "00:17:14", "text": "right I will start monitoring closely and I"}, {"start": "00:17:14", "end": "00:17:20", "text": "will start creating videos. I've been very much enjoying these these videos. I've been doing a brand new style where"}, {"start": "00:17:20", "end": "00:17:26", "text": "it takes me hours to research the data and and really trying to present it clearly. I will be doing those videos in"}, {"start": "00:17:26", "end": "00:17:34", "text": "discussing selling being ready because I genuinely think I'm not a permable everybody. But"}, {"start": "00:17:34", "end": "00:17:39", "text": "I just think the bull market that everybody's been waiting for hasn't happened yet and I'm still waiting. And"}, {"start": "00:17:39", "end": "00:17:45", "text": "so when it's time to flip from being bullish and start taking profits, I will"}, {"start": "00:17:45", "end": "00:17:51", "text": "be doing videos on it. I'm not going to be a permable just through a bull market and then back into the next bare market. It's not going to happen. That's not my"}, {"start": "00:17:51", "end": "00:17:57", "text": "intention here at all. I just want to say that because I think people see me. I'm very optimistic. I'm still bullish"}, {"start": "00:17:57", "end": "00:18:04", "text": "as we're falling. But this is just because I have a ton of data that I think for me and my risk"}, {"start": "00:18:04", "end": "00:18:11", "text": "appetite is just suggesting, you know what, stay in the game. The move hasn't happened yet and people are capitulating"}, {"start": "00:18:11", "end": "00:18:15", "text": "right now. These numbers are insane."}, {"start": "00:18:16", "end": "00:18:24", "text": "Extreme fear is insane. So, let's look at the charts. I I I start like rambling so much. I"}, {"start": "00:18:24", "end": "00:18:30", "text": "wanted to bring up the VIX. It was referenced in this post. Um I"}, {"start": "00:18:30", "end": "00:18:38", "text": "think maybe not. But either way, here it is. Fear and greed index. basically S&P 500"}, {"start": "00:18:38", "end": "00:18:44", "text": "just look at where we are right now fear is increasing around a 27"}, {"start": "00:18:44", "end": "00:18:51", "text": "if you go back and I noticed there's there's higher fear areas right here back here if you remember this is April"}, {"start": "00:18:51", "end": "00:18:57", "text": "right but still so interesting to me is the amount of people that are"}, {"start": "00:18:57", "end": "00:19:04", "text": "capitulating right now is is record-breaking 99% in a loss 99% of"}, {"start": "00:19:04", "end": "00:19:10", "text": "short-term holders are at a loss at this was at $89,000 by"}, {"start": "00:19:10", "end": "00:19:15", "text": "the way. This was earlier. But with that being said, that means if"}, {"start": "00:19:15", "end": "00:19:22", "text": "we go back to the VIX, more holders are at a loss than what was going on back here. And this got high if"}, {"start": "00:19:22", "end": "00:19:29", "text": "you remember, but it came down fast and the bounce was fast. But what I think is really"}, {"start": "00:19:29", "end": "00:19:36", "text": "helpful is we're basically approaching areas in terms of fear like we saw at"}, {"start": "00:19:36", "end": "00:19:42", "text": "the bottom of the 2018 bare market in December. That's the"}, {"start": "00:19:42", "end": "00:19:50", "text": "level that we're approaching. Obviously, COVID was all the way up here. You remember it just the the the rocket ship"}, {"start": "00:19:50", "end": "00:19:55", "text": "into fear was crazy, you know, and this is a weekly chart. It happened very quick and it came all the way back down"}, {"start": "00:19:55", "end": "00:20:02", "text": "quick. But we're very much in a very similar fear environment as a 2018 bottom. And I think that's pretty"}, {"start": "00:20:02", "end": "00:20:12", "text": "notable and probably I think I would say helpful data to pay attention to. So let's continue."}, {"start": "00:20:12", "end": "00:20:19", "text": "I want to look at Cardano um as well as Salana."}, {"start": "00:20:19", "end": "00:20:26", "text": "I I have Dogecoin because these are these are data points that have a you know just good risk data points I guess"}, {"start": "00:20:26", "end": "00:20:32", "text": "you could say and I just want to read this to you. I'm not going to get into our risk models too much but these this"}, {"start": "00:20:32", "end": "00:20:38", "text": "is our Cardono risk model. Historically at this risk level 20 the price was higher 72% of the time after 3"}, {"start": "00:20:38", "end": "00:20:45", "text": "months. 95% of the time after one year we're at a 20 everybody. We are to we"}, {"start": "00:20:45", "end": "00:20:50", "text": "are making our way towards bare market lows. This is precisely the reason why"}, {"start": "00:20:50", "end": "00:20:57", "text": "I've I've put together this team to build this company to and obviously we"}, {"start": "00:20:57", "end": "00:21:03", "text": "all thought we'd be taking profits and and planning our exits based off of high risks sooner or first we're but we're"}, {"start": "00:21:03", "end": "00:21:09", "text": "literally approaching accumulation levels first. That's just the extended cycle. It's nobody's fault. It just is"}, {"start": "00:21:09", "end": "00:21:15", "text": "what it is. But we're at a 20. If you go look at Salana,"}, {"start": "00:21:15", "end": "00:21:21", "text": "a 23 at this score, the price was higher 62% of the time after three months and 100%"}, {"start": "00:21:21", "end": "00:21:27", "text": "of the time after one year. The thing that I focus on especially is that one year because just think about that."}, {"start": "00:21:27", "end": "00:21:32", "text": "That's a that's a non-emotional just strictly datadriven insight. It's just"}, {"start": "00:21:32", "end": "00:21:39", "text": "what it is. It's data. But it's so interesting to me because I really think when we start thinking about QT coming"}, {"start": "00:21:39", "end": "00:21:46", "text": "to an end after years, the liquidity drain stopping, what do you think is the most important time frame for a macro"}, {"start": "00:21:46", "end": "00:21:53", "text": "investor right now as fear is all-time high? It's like I would say the next year is important. So when you start our"}, {"start": "00:21:53", "end": "00:22:00", "text": "you know we we have our risk scores that are saying one thing and it's based on on our algorithms emerging asset theory"}, {"start": "00:22:00", "end": "00:22:07", "text": "game theory price volatility volume but you start putting into play now what the"}, {"start": "00:22:07", "end": "00:22:13", "text": "Fed is doing that QT ends in like a couple of weeks not even and you look at"}, {"start": "00:22:13", "end": "00:22:19", "text": "the macro picture risk is low and this is precisely why I"}, {"start": "00:22:19", "end": "00:22:26", "text": "did the video in May altcoins is officially less risky than Bitcoin. Bitcoin dominance is down since I've"}, {"start": "00:22:26", "end": "00:22:32", "text": "done that video. And I'm not saying all certain altcoin altcoin prices"}, {"start": "00:22:32", "end": "00:22:38", "text": "versus Bitcoin price like all of them are going to be up versus Bitcoin. That this is not what I that's not the"}, {"start": "00:22:38", "end": "00:22:44", "text": "purpose of that video. All coins officially less risky. Risk is not price. I can't highlight that enough."}, {"start": "00:22:44", "end": "00:22:51", "text": "Risk is not price. But from a cycle perspective, and now we can look at the Bitcoin dominance chart, everybody,"}, {"start": "00:22:51", "end": "00:22:58", "text": "there's so many pieces of there's so many reasons why I did this video. Some of it having to do with our risk models"}, {"start": "00:22:58", "end": "00:23:04", "text": "and our intelligence system on what it's saying in terms of altcoin risk and Bitcoin risk. Altcoin risk lower. But"}, {"start": "00:23:04", "end": "00:23:10", "text": "look at this right now. QT is about to come to an end. And here's where Bitcoin dominance is. QT came to an end last"}, {"start": "00:23:10", "end": "00:23:16", "text": "cycle right here. This was September 2019. This was the first time ever QT came to"}, {"start": "00:23:16", "end": "00:23:22", "text": "an end on the macro in the bigger picture and there was a lot of events that went on here. think of COVID, all"}, {"start": "00:23:22", "end": "00:23:28", "text": "that, but in the bigger picture, altcoins when when the liquidity"}, {"start": "00:23:28", "end": "00:23:34", "text": "situation gets better in general for risk on assets, altcoins do better,"}, {"start": "00:23:34", "end": "00:23:43", "text": "right? So maybe it'll be wrong. Like maybe I'm wrong and altcoins aren't less risky, right? as we step into QT ending."}, {"start": "00:23:43", "end": "00:23:49", "text": "But I'm just saying the data suggests that if riskon does well because"}, {"start": "00:23:49", "end": "00:23:55", "text": "liquidity stops being drained, then the data suggests that altcoins"}, {"start": "00:23:55", "end": "00:24:01", "text": "will outperform Bitcoin and they will do pretty well. And so I just wanted to make a note of that on the Bitcoin"}, {"start": "00:24:01", "end": "00:24:05", "text": "charts or Bitcoin dominance charts."}, {"start": "00:24:06", "end": "00:24:11", "text": "Got a lot of comments coming in. I hope you guys are doing all right. I really do"}, {"start": "00:24:11", "end": "00:24:17", "text": "because I sit here I like I know I I like I just like present data. I'm bullish"}, {"start": "00:24:17", "end": "00:24:24", "text": "but you have to realize I'm feeling it. Like I'm with you guys. I don't enjoy"}, {"start": "00:24:24", "end": "00:24:29", "text": "it. But this is exactly why I sit here, especially lately doing these new style"}, {"start": "00:24:29", "end": "00:24:35", "text": "videos. I sit here for hours studying studying the data"}, {"start": "00:24:35", "end": "00:24:42", "text": "trying to understand better and better the macroeconomic picture. And I do it because emotion is zero"}, {"start": "00:24:42", "end": "00:24:49", "text": "help. It's of zero help, everybody. It just is. It's It doesn't help at all. Makes no sense."}, {"start": "00:24:53", "end": "00:24:59", "text": "Dan, just relax and wait for a rally. It will come one day. Nobody knows when, but it will. I like that comment and I"}, {"start": "00:24:59", "end": "00:25:06", "text": "agree. But I think like a lot of you out there, I just, you know, I do. I mean, I'm running different businesses and"}, {"start": "00:25:06", "end": "00:25:14", "text": "trying to do stuff, but I do just constantly glance at the price. I can't help but track it."}, {"start": "00:25:16", "end": "00:25:21", "text": "I'm just reading some comments, see how you guys are doing out there."}, {"start": "00:25:23", "end": "00:25:28", "text": "This is like a good question. How long does the bare market last? This is what I've been trying to do in my videos like"}, {"start": "00:25:28", "end": "00:25:33", "text": "in the last week, which is not really trying to explain exactly how"}, {"start": "00:25:33", "end": "00:25:41", "text": "long this environment will last, but trying to explain why we've had such a tough extended"}, {"start": "00:25:41", "end": "00:25:50", "text": "cycle. And it's been based on quantitative tightening. It truly has been. Um"}, {"start": "00:25:50", "end": "00:25:57", "text": "I I can't I still can't get over I hope this works. But yeah, there you go. I if you look at this is the Fed balance"}, {"start": "00:25:57", "end": "00:26:02", "text": "sheet in green there's the tightening happening the and there's another"}, {"start": "00:26:02", "end": "00:26:09", "text": "Russell 2000 actually I know um blockchain backer BC backer he talks a"}, {"start": "00:26:09", "end": "00:26:14", "text": "lot about the Russell 2000 but if you put the um"}, {"start": "00:26:14", "end": "00:26:20", "text": "if you put this over and I'm sorry I I don't know if I said the Fed balance"}, {"start": "00:26:20", "end": "00:26:27", "text": "sheet but the PMI if you look at that chart over Cardano. Just look at that"}, {"start": "00:26:27", "end": "00:26:32", "text": "everybody. Just look at that. That green is the PMI. So going back to the PMI,"}, {"start": "00:26:32", "end": "00:26:38", "text": "this is the PMI. It has been record-breaking contraction. Let me zoom out for you actually to see this. This"}, {"start": "00:26:38", "end": "00:26:43", "text": "is the data that matters to me. This isn't like one moving average on a Bitcoin chart. This is the data that"}, {"start": "00:26:43", "end": "00:26:49", "text": "matters to me. Look at the PMI being contracted for years. And I'm talking"}, {"start": "00:26:49", "end": "00:26:56", "text": "about we're going back here like we're going back, look at this, to like the 40s."}, {"start": "00:26:56", "end": "00:27:02", "text": "Record-breaking contraction, everybody. Very, very tough. If you go look again"}, {"start": "00:27:02", "end": "00:27:10", "text": "at this chart, the PMI, the business cycle, money flowing through the economy,"}, {"start": "00:27:10", "end": "00:27:18", "text": "right? If you look at that green line on Cardano, look at how in in sync altcoins"}, {"start": "00:27:18", "end": "00:27:23", "text": "basically are with that. So if this goes into expansion after record-breaking"}, {"start": "00:27:23", "end": "00:27:32", "text": "contraction, record-breaking, we just looked at that zoomed out since the 40s. The question is what happens with these"}, {"start": "00:27:32", "end": "00:27:38", "text": "risk on assets like Cardano and crypto as Clarity Act passes as all coin ETFs"}, {"start": "00:27:38", "end": "00:27:44", "text": "get approved. What happens? Again, there's absolutely no guarantee. Maybe the answer to that"}, {"start": "00:27:44", "end": "00:27:51", "text": "question is it all goes to zero, right? We have to manage our risk in that in that regard. But"}, {"start": "00:27:51", "end": "00:27:57", "text": "I'm positioning for if we get expansion in the PMI, which is very very very very"}, {"start": "00:27:57", "end": "00:28:04", "text": "very possible with QT ending amongst other policy things that are going on."}, {"start": "00:28:04", "end": "00:28:12", "text": "Um altcoins are are just getting so oversold and guess what so low in risk."}, {"start": "00:28:12", "end": "00:28:19", "text": "So now will be now really would be not only the time to you know we have an exit planner back here to start planning"}, {"start": "00:28:19", "end": "00:28:25", "text": "exits whether it's for Bitcoin or any of the other assets back here but you plan your exits based on price speculation."}, {"start": "00:28:25", "end": "00:28:30", "text": "If you're accumulating in low levels you're like man I'm accumulating ADA here and I'm going to sell it at 70"}, {"start": "00:28:30", "end": "00:28:35", "text": "cents now take some profit. Go do it. Set it up here. But activate risk mode"}, {"start": "00:28:35", "end": "00:28:40", "text": "and then you're setting alerts for true risk areas. If you want to sell when"}, {"start": "00:28:40", "end": "00:28:47", "text": "it's at 50 risk or if you want to sell Salana when it's getting up here in the crazy o kind of"}, {"start": "00:28:47", "end": "00:28:53", "text": "overbought 70s 80s 90s that's the purpose of this system. So it's accumulation and it's and it's risk but"}, {"start": "00:28:53", "end": "00:29:02", "text": "it's all data driven. If I go to Ethereum I wanted to bring this up. I'm I'm so bummed about it to be very clear."}, {"start": "00:29:02", "end": "00:29:10", "text": "Um I'm so bummed. I really am. If you've watched my content,"}, {"start": "00:29:10", "end": "00:29:17", "text": "if you watch my content, then you'll know why I'm bummed."}, {"start": "00:29:17", "end": "00:29:24", "text": "Um, this is Ethereum. Let me just make a note. FTX, there it is on the Ethereum chart. This is I mean, this is how it"}, {"start": "00:29:24", "end": "00:29:33", "text": "feels right now, right? One more note and then I'll get into the technicals, but QTN's right here. Literally, I mean,"}, {"start": "00:29:33", "end": "00:29:40", "text": "we're like a week away almost. QT ended here. Notice how Ethereum kept falling, right?"}, {"start": "00:29:40", "end": "00:29:47", "text": "Even the 20we fell below the 50, the green below the blue. Look, there's a green. I mean, dude, we could just keep"}, {"start": "00:29:47", "end": "00:29:55", "text": "falling. This could get bad in the weeks ahead. Please be prepared. Um,"}, {"start": "00:29:55", "end": "00:30:00", "text": "we could bounce, but I'm just saying it's very interesting. This same exact"}, {"start": "00:30:00", "end": "00:30:05", "text": "almost move was happening through quantitative tightening ending last cycle."}, {"start": "00:30:05", "end": "00:30:11", "text": "But this was a phase of going from liquidity contraction to expansion. This is where I think we are right now. Going"}, {"start": "00:30:11", "end": "00:30:16", "text": "from liquidity contraction to expansion. So, I'm here for it. I don't know what it's going to look like. I do know we're"}, {"start": "00:30:16", "end": "00:30:23", "text": "at record-breaking fear. Now, to what makes me bummed about this chart"}, {"start": "00:30:23", "end": "00:30:32", "text": "and I guess there's still there's still a chance I'll talk about, but I've been tracking as you know this multi-year"}, {"start": "00:30:32", "end": "00:30:40", "text": "triangle. It's been so fun. I remember if you remember falling below it breakout"}, {"start": "00:30:40", "end": "00:30:47", "text": "at that time. Many people were incredibly bearish going into the April tariff fear."}, {"start": "00:30:47", "end": "00:30:53", "text": "And I just said I like this is not a bare market. I don't think we're entering a bare market. And I'm saying"}, {"start": "00:30:53", "end": "00:30:58", "text": "the same thing now. I don't think we're entering a bare market. And I was saying I don't think we're"}, {"start": "00:30:58", "end": "00:31:04", "text": "going to hit like this massive pattern target. And I think this will be a a busted pattern where we break back up"}, {"start": "00:31:04", "end": "00:31:11", "text": "and break to the upside and we did. And then we track the throwback which is also a very nice technical move. But I"}, {"start": "00:31:11", "end": "00:31:19", "text": "just stand here and I hate seeing that the apex is broken. It is broken support"}, {"start": "00:31:19", "end": "00:31:25", "text": "and it is what it is. Not every pattern plays out. Um"}, {"start": "00:31:26", "end": "00:31:31", "text": "tracking this it almost was too good to be true. a fake breakout, a busted"}, {"start": "00:31:31", "end": "00:31:38", "text": "pattern, a perfect throwback, and then continue into the bull. It's like too easy. One thing in crypto is it's never"}, {"start": "00:31:38", "end": "00:31:46", "text": "so easy. But one thing, this cycle, it's especially not easy. And it's incredibly"}, {"start": "00:31:46", "end": "00:31:52", "text": "difficult. But the reason why it's a bummer is because I I have enjoyed so much in"}, {"start": "00:31:52", "end": "00:31:58", "text": "anticipating the price action of Ethereum. And if we get"}, {"start": "00:31:58", "end": "00:32:05", "text": "I mean especially a close below the two the 200 week at around 2450 it's completely invalidated but I mean more"}, {"start": "00:32:05", "end": "00:32:12", "text": "so what we it's more of what what needs to happen for me to be like dude this is still in play. I'll go to the monthly"}, {"start": "00:32:12", "end": "00:32:18", "text": "and say Ethereum needs to close the monthly. Okay this is what needs to happen. This"}, {"start": "00:32:18", "end": "00:32:23", "text": "will be fun to track in the next 11 days or so. Ethereum needs to close above the"}, {"start": "00:32:23", "end": "00:32:30", "text": "um above it needs to close a monthly candle above that trend lower trend line in the"}, {"start": "00:32:30", "end": "00:32:35", "text": "apex. So 31 3200 which I mean that's actually not that far away from where"}, {"start": "00:32:35", "end": "00:32:40", "text": "Ethereum is right now. It could happen. I don't know. Um but that's what I'm watching. And notice how the 20-month"}, {"start": "00:32:40", "end": "00:32:46", "text": "moving average in green is right there as well. That would be an incredible area of support. I mean really on the"}, {"start": "00:32:46", "end": "00:32:51", "text": "macro if Ethereum can find support between the 20 and 50 that's good. But if it shows support and closes the"}, {"start": "00:32:51", "end": "00:32:57", "text": "monthly candle above the 20-month and that lower trend line, um this triangle and the pattern that"}, {"start": "00:32:57", "end": "00:33:05", "text": "I've been tracking is still in play for me. But you can you can see how volatile and up in the air that is right now"}, {"start": "00:33:05", "end": "00:33:11", "text": "because you know you know we just don't know what the price action is going to do in the next"}, {"start": "00:33:11", "end": "00:33:15", "text": "11 days or so."}, {"start": "00:33:17", "end": "00:33:25", "text": "Bare market loading. Thank you for your participation. See you in 2029. I have to I appreciate the comment."}, {"start": "00:33:25", "end": "00:33:30", "text": "I appreciate the emojis and the laughs because, you know, I'll walk out of my"}, {"start": "00:33:30", "end": "00:33:37", "text": "office. I'll say stuff like that to my wife. I'll just be like, \"Man, we're we're going to zero.\" So, I just I make"}, {"start": "00:33:37", "end": "00:33:42", "text": "I make pessimistic jokes like that, too. But I do want to speak to that comment"}, {"start": "00:33:42", "end": "00:33:48", "text": "because I see them a lot and I'm always like, \"Ah, I just want to I want to say something to it. I want to do a video on"}, {"start": "00:33:48", "end": "00:33:53", "text": "it. I am so not in that camp of being like,"}, {"start": "00:33:53", "end": "00:33:59", "text": "\"Well, cycle's over. Four year cycle's over.\" Go watch my video the other day. I did fouryear cycle. I forget what the"}, {"start": "00:33:59", "end": "00:34:07", "text": "title was, but there never was a four-year cycle. Something like that. I'm not in that camp of being like, \"Four year cycle's over. See you in"}, {"start": "00:34:07", "end": "00:34:13", "text": "2029.\" I'm not in that camp. And I'm telling you everybody,"}, {"start": "00:34:13", "end": "00:34:19", "text": "it's so worth studying macroeconomic data. And it's not something I'm not"}, {"start": "00:34:19", "end": "00:34:25", "text": "saying I sat here on this YouTube channel for eight years doing this. This is very recent for me. But when I"}, {"start": "00:34:25", "end": "00:34:32", "text": "started really dissecting what is going on, insane. So, be very careful with being like at"}, {"start": "00:34:32", "end": "00:34:38", "text": "this moment of this business cycle as we go into the end of QT, be very, very"}, {"start": "00:34:38", "end": "00:34:45", "text": "careful just being like, I'll see you in four years. It's over. Pack it up. If you want to, that's fine. Do it. If you"}, {"start": "00:34:45", "end": "00:34:49", "text": "want to sell, do it."}, {"start": "00:34:58", "end": "00:35:04", "text": "All right. All right, at least we got one person out here. I'm not in that camp, dude. We got almost 10,000 people."}, {"start": "00:35:04", "end": "00:35:09", "text": "People are locked in, man. I just know it. And I know most of you are just silent macrominded investors just"}, {"start": "00:35:09", "end": "00:35:17", "text": "tracking these markets just like me. I do know it. If you are one of those, hit that like if you're"}, {"start": "00:35:17", "end": "00:35:22", "text": "with me. I like this one because, and I mentioned"}, {"start": "00:35:22", "end": "00:35:29", "text": "this, I think I think in yesterday's video, please look at the last time we closed below the 50 week. This isn't"}, {"start": "00:35:29", "end": "00:35:34", "text": "likely a bull market anymore. I don't like I know there's a lot of"}, {"start": "00:35:34", "end": "00:35:39", "text": "people that have been watching my videos. I don't like continually repeating myself, but"}, {"start": "00:35:39", "end": "00:35:45", "text": "my videos have been talking about and I think it was yesterday's video. said, \"Can't just look at one weekly moving"}, {"start": "00:35:45", "end": "00:35:50", "text": "average and call bull market, bare market.\" You just can't do that."}, {"start": "00:35:50", "end": "00:35:56", "text": "So many times we can see here's the total crypto market cap chart"}, {"start": "00:35:56", "end": "00:36:02", "text": "for instance. You can see this chart falling below different areas. It"}, {"start": "00:36:02", "end": "00:36:08", "text": "doesn't always mean the same thing. And so point being,"}, {"start": "00:36:08", "end": "00:36:14", "text": "would you rather, and this is a question for everybody, and this is something I've asked myself. Would you rather use"}, {"start": "00:36:14", "end": "00:36:20", "text": "solely big indicators like this like, hey, we're breaking below the 50we"}, {"start": "00:36:20", "end": "00:36:27", "text": "moving average. That's it. Pack it up. Or would you rather try and understand"}, {"start": "00:36:27", "end": "00:36:33", "text": "really the engine that has moved crypto? And it's not an opinion that this is the case. This is the case. Liquidity has"}, {"start": "00:36:33", "end": "00:36:39", "text": "been the driver. Would you like to understand what liquidity is doing right now? Would"}, {"start": "00:36:39", "end": "00:36:45", "text": "you like to understand what liquidity is getting ready to do? I know it's a lot,"}, {"start": "00:36:45", "end": "00:36:50", "text": "right? Even my videos lately, it's a lot of data. It's a lot of like trying to understand new concepts, new terms,"}, {"start": "00:36:50", "end": "00:36:55", "text": "understanding quantitative tightening. What does that even mean? What is what is the Fed sucking liquidity out of the"}, {"start": "00:36:55", "end": "00:37:01", "text": "system look like? What is the what is the PMI? What's the business"}, {"start": "00:37:01", "end": "00:37:08", "text": "cycle? What does this chart mean? This is like the the general treasury or general account balance of of the Fed."}, {"start": "00:37:08", "end": "00:37:15", "text": "This is like the checking account. What does this mean? Why do we want it to fall? Right? Those things are so worth"}, {"start": "00:37:15", "end": "00:37:22", "text": "paying attention to. And I am so dedicated right now at this in this season to continue creating content in"}, {"start": "00:37:22", "end": "00:37:32", "text": "trying to understand them better, but also present them to you better because for far too long the the psy the the the"}, {"start": "00:37:33", "end": "00:37:40", "text": "crypto analysts including myself, we focused on really just simple"}, {"start": "00:37:40", "end": "00:37:46", "text": "conceptual technical analysis points"}, {"start": "00:37:46", "end": "00:37:51", "text": "like this. We're falling below the 50w week. That means something, you know, and it's so important. Don't get me"}, {"start": "00:37:51", "end": "00:37:56", "text": "wrong. It's very important, but it's not the only thing. And so, there's a"}, {"start": "00:37:56", "end": "00:38:03", "text": "confluence of a lot of different data going on right now. But long story short, I do not think this means we're"}, {"start": "00:38:03", "end": "00:38:10", "text": "entering some long-term year-long bare market like like"}, {"start": "00:38:10", "end": "00:38:17", "text": "previously. And I I should also note this, like I think the big indicator that actually hasn't even happened yet"}, {"start": "00:38:17", "end": "00:38:25", "text": "is this 20we falling below the 50. That's not happened. We fell below the 50we back here in March and April. We"}, {"start": "00:38:25", "end": "00:38:31", "text": "fell below the 50we back here in September, right? And we closed the candles below the 50we. That wasn't the"}, {"start": "00:38:31", "end": "00:38:38", "text": "beginning of a bare market. So that that's invalidated. Um,"}, {"start": "00:38:42", "end": "00:38:48", "text": "don't worry Dan, they don't understand. You'll just frustrate yourself trying to explain liquidity cycles. Yeah, but the"}, {"start": "00:38:48", "end": "00:38:54", "text": "thing is like I I I think I think there is value to continue repeating it. I I"}, {"start": "00:38:54", "end": "00:39:00", "text": "do want people to understand um and not understand from this point of"}, {"start": "00:39:00", "end": "00:39:06", "text": "like, dude, you need to be bullish. Look at what the data is saying. Look at the business cycle. Look at liquidity. Like"}, {"start": "00:39:06", "end": "00:39:13", "text": "obviously that's my thesis, but I'm not trying to convince anybody. I'm I'm literally trying to I'm tracking this"}, {"start": "00:39:13", "end": "00:39:18", "text": "completely publicly and I that's why I did a video like a week or two ago like if I'm wrong, I'm wrong in front of"}, {"start": "00:39:18", "end": "00:39:25", "text": "everyone. It is what it is. But I'm tracking this publicly because"}, {"start": "00:39:28", "end": "00:39:34", "text": "it it means a lot. It really does. So yeah, back to my point. Then"}, {"start": "00:39:34", "end": "00:39:41", "text": "inevitably inevitably QE will come. So this is this is partly Ray Dalio's"}, {"start": "00:39:41", "end": "00:39:48", "text": "point. Um that the end of quantitative tightening is described as a technical"}, {"start": "00:39:48", "end": "00:39:55", "text": "maneuver. Any way you cut it, it's an easing move. So that's that mechanism"}, {"start": "00:39:55", "end": "00:40:00", "text": "that I really want to track now. And there's there it's it's not something that we can just open one chart one day"}, {"start": "00:40:00", "end": "00:40:06", "text": "and be like, okay, what happened with this? What's what now? You know, it's not like December 2nd, if we go back to"}, {"start": "00:40:06", "end": "00:40:12", "text": "the Fed balance sheet, it's not like December 2nd we can open this chart and be like, \"All right, what's it doing?"}, {"start": "00:40:12", "end": "00:40:19", "text": "What's going on?\" Like, this is going to be a a very long-term process. Um, and"}, {"start": "00:40:19", "end": "00:40:26", "text": "especially because this is only the second time in history, everybody, that we've gotten this quantitative"}, {"start": "00:40:26", "end": "00:40:34", "text": "tightening and all this this pressure on the system. Only the second time it's ever ended. This whole concept of QE QT"}, {"start": "00:40:34", "end": "00:40:41", "text": "this started because of the the crash that happened in 2008. This is not like this this long-term thing that has been"}, {"start": "00:40:41", "end": "00:40:47", "text": "going on for like a hundred years or something. So this is a very new concept and so"}, {"start": "00:40:47", "end": "00:40:53", "text": "just continuing to track these things are very important. Um but yeah, let's let's look at some altcoins. You know,"}, {"start": "00:40:53", "end": "00:40:59", "text": "if you have an altcoin you want to check out, hit it in the in the um comments"}, {"start": "00:40:59", "end": "00:41:06", "text": "and let me know. I'm gonna just go through some. Here's Cardano. Crazy. I mean,"}, {"start": "00:41:06", "end": "00:41:12", "text": "I I I I won't say. And there's that PMI. Look at that business cycle chart over Cardano. Again, we get this expansion."}, {"start": "00:41:12", "end": "00:41:18", "text": "If you're new to the stream, we get expansion in this chart. Just be prepared for it."}, {"start": "00:41:18", "end": "00:41:24", "text": "So, point being though, what's crazy is the way that Cardano is falling. It's so"}, {"start": "00:41:24", "end": "00:41:31", "text": "it's just not fun, right, for Cardano holders. But it's it's just such a similar vibe as when QT was ending last"}, {"start": "00:41:31", "end": "00:41:39", "text": "cycle. And I'm not going to sit here and say, \"Hey, I was a I was a big ADA holder back here.\" I don't think I was."}, {"start": "00:41:39", "end": "00:41:44", "text": "I think it was more over here in this area where I started. But this is this"}, {"start": "00:41:44", "end": "00:41:51", "text": "exemplifies crypto, right? Look at this falling into Q into QT ending and then"}, {"start": "00:41:51", "end": "00:41:57", "text": "QT ends in midepptember and it continues falling, right? I think it was midepptember continues falling and then"}, {"start": "00:41:57", "end": "00:42:03", "text": "we're about to bounce COVID hits but ultimately business cycle"}, {"start": "00:42:03", "end": "00:42:09", "text": "expansion QT ended and we're in a similar environment right now and what's crazy to me if you look at September"}, {"start": "00:42:09", "end": "00:42:17", "text": "2019 when all that was happening just think about this please ADA was 4 cents and I know all of you"}, {"start": "00:42:17", "end": "00:42:24", "text": "want ADA if you're an ADA holder to be 40 or you know $4 right now and there"}, {"start": "00:42:24", "end": "00:42:30", "text": "you A year ago it looked like it was potentially heading into that direction. Extended cycle ruined that for sure. But"}, {"start": "00:42:30", "end": "00:42:35", "text": "you won it 44 $4. It's at 40 cents, right? 43 cents at this moment. QT"}, {"start": "00:42:35", "end": "00:42:42", "text": "ending. It was at 4 cents last cycle. It's a very nice example of I think why"}, {"start": "00:42:42", "end": "00:42:49", "text": "being a macro-minded investor is a good approach. This is why I'm a macrominded investor. For Bitcoin holders, a lot of"}, {"start": "00:42:49", "end": "00:42:55", "text": "that is the same. It's the same type of thesis. It's the same type of approach. It's playing the long game and I think"}, {"start": "00:42:55", "end": "00:43:03", "text": "the crypto space as a whole is insanely undervalued and new and there is so much"}, {"start": "00:43:03", "end": "00:43:08", "text": "valuation and capital that is going to just I I"}, {"start": "00:43:08", "end": "00:43:14", "text": "think I mean what are we like a trillion dollar market cap right now like just for all coins basically there's so much"}, {"start": "00:43:14", "end": "00:43:20", "text": "capital that's going to come in I think as QTN's pro crypto legislation continues"}, {"start": "00:43:20", "end": "00:43:25", "text": "institutions are on board they're accumulating right now everybody Why are they doing that?"}, {"start": "00:43:25", "end": "00:43:31", "text": "I think because they're macro-minded value investors. Meaning when value investor buys a fear, value investors"}, {"start": "00:43:31", "end": "00:43:38", "text": "buy when things are undervalued. You know, it's not a typical retail person being like, \"Dude, crypto is looking"}, {"start": "00:43:38", "end": "00:43:44", "text": "great. Let's buy the top of a bull market.\" No, they're buying when things are undervalued. And so, point being,"}, {"start": "00:43:44", "end": "00:43:51", "text": "crazy similar environment from a business cycle perspective that is QT ending, but we're at 43 cents. We're not"}, {"start": "00:43:51", "end": "00:43:58", "text": "at 40 cents. And actually, if you go to a risk model, I just I'm curious if we go to Cardano at 20"}, {"start": "00:43:58", "end": "00:44:07", "text": "and we look at the risk model in September 2000. Look at this crazy"}, {"start": "00:44:07", "end": "00:44:13", "text": "September 2019. You want to get a sense of how these risk models work? And we have a free trial going on right now if"}, {"start": "00:44:13", "end": "00:44:20", "text": "you want access. We have a ton of assets back there. Here's Cardano September 9th, 2019. QT about to end."}, {"start": "00:44:20", "end": "00:44:26", "text": "for the first time in history. Right now, it's about to end for the second time in history. Cardano 19, right"}, {"start": "00:44:26", "end": "00:44:33", "text": "around a 20. And I want to make a note. It fell to 11, it looks like. Let's see."}, {"start": "00:44:33", "end": "00:44:40", "text": "Nine. It fell to nine. This is This is why it's crazy like"}, {"start": "00:44:40", "end": "00:44:46", "text": "we're that close to and we're already really in accumulation phase, but we're that close to like bottoming out"}, {"start": "00:44:46", "end": "00:44:53", "text": "accumulation phases in our risk models. And right now, I thought we'd be covering exit areas. And when we get to"}, {"start": "00:44:53", "end": "00:44:59", "text": "exit areas and even maybe soon accumulation areas, I probably won't be showing these charts as much. This is"}, {"start": "00:44:59", "end": "00:45:06", "text": "for our members um to get in here and manage their alerts and set everything, but that's crazy insight."}, {"start": "00:45:06", "end": "00:45:11", "text": "Here's Dogecoin. I wanted to look at Dogecoin. This exemplifies very nicely even from"}, {"start": "00:45:11", "end": "00:45:18", "text": "just an illustration of our our risk model and the heat map and what it what Doge is doing. We've not entered a bull"}, {"start": "00:45:18", "end": "00:45:24", "text": "market. The bull market hasn't happened yet. This has been mostly bare market even up until this moment. And it's"}, {"start": "00:45:24", "end": "00:45:32", "text": "again, it all stems back to years of QT. So that's uh Cardano, that's Dogecoin,"}, {"start": "00:45:32", "end": "00:45:39", "text": "we did Ethereum. What else are you all watching?"}, {"start": "00:45:41", "end": "00:45:47", "text": "Let me go see if you Dude, I'm scrolling fast and I feel like I just saw a ton of XRP. I don't know if"}, {"start": "00:45:47", "end": "00:45:55", "text": "somebody's spamming, but let's look at Do I have an XRP? I have an XRP somewhere. Let's see."}, {"start": "00:45:55", "end": "00:46:00", "text": "$1.99 XRP falling below two. Crazy."}, {"start": "00:46:03", "end": "00:46:07", "text": "I think the most"}, {"start": "00:46:08", "end": "00:46:13", "text": "I think the most crazy part about it is like and probably most mental part and"}, {"start": "00:46:13", "end": "00:46:19", "text": "this is where I have not trouble but it it does become interesting to me is like"}, {"start": "00:46:19", "end": "00:46:24", "text": "look at May 2018 right very bad time we were about to fall into and this is"}, {"start": "00:46:24", "end": "00:46:32", "text": "where the mental part comes in and where I try to separate mental emotional and data so"}, {"start": "00:46:32", "end": "00:46:40", "text": "XRP Right, we go we fall below that 50W week moving average in blue."}, {"start": "00:46:40", "end": "00:46:48", "text": "The 20we is still above. But look at this. 651 days."}, {"start": "00:46:48", "end": "00:46:53", "text": "651 days everybody till the bare market low was in."}, {"start": "00:46:53", "end": "00:46:59", "text": "Maybe even a little bit more. Yeah, 658. Okay, that's one. Number two on XRP. And"}, {"start": "00:46:59", "end": "00:47:06", "text": "this really applies to a lot of the charts right now. Um let's go to last cycle now. There it is again. This move"}, {"start": "00:47:06", "end": "00:47:12", "text": "um November 2021 XRP falling below the 50week moving"}, {"start": "00:47:12", "end": "00:47:18", "text": "average. The 20we not yet falling below the 50. We haven't even had that move yet. But"}, {"start": "00:47:18", "end": "00:47:26", "text": "let's let's look at the time frame. Um let's see. I mean we should probably get"}, {"start": "00:47:26", "end": "00:47:33", "text": "it where the where it's fallen below both moving averages. So like probably like right here even"}, {"start": "00:47:33", "end": "00:47:40", "text": "to the bottom it was there we go 196 days. So and let me see this one. Yeah, this"}, {"start": "00:47:40", "end": "00:47:47", "text": "one's good. And then so that's why this right now we have the 50 we have XRP falling below the 50 week moving average"}, {"start": "00:47:47", "end": "00:47:53", "text": "and we absolutely have that nostalgia right like dude this is it. This is the beginning of a bare market. That's why"}, {"start": "00:47:53", "end": "00:48:00", "text": "you see a lot of posts right now talking about 50we moving average or 20 below the 50 whatever because just look at"}, {"start": "00:48:00", "end": "00:48:07", "text": "that. This is really a key indicator that has marked man we're going into a really tough tough time. But let me"}, {"start": "00:48:07", "end": "00:48:14", "text": "explain something to you uh again or even just show you. Look at that."}, {"start": "00:48:14", "end": "00:48:20", "text": "Look at this. This is the thing that's causing me to"}, {"start": "00:48:20", "end": "00:48:26", "text": "I'm not like, guys, we're blasting off tomorrow. But this business cycle chart"}, {"start": "00:48:26", "end": "00:48:33", "text": "because of what it was doing going into that move. Look at that. That's the PMI"}, {"start": "00:48:33", "end": "00:48:39", "text": "chart falling. Crypto falls with it. Expansion, crypto expands with it. Look"}, {"start": "00:48:39", "end": "00:48:45", "text": "at this. Even last bare market falling. And we've had assets like XRP, even"}, {"start": "00:48:45", "end": "00:48:50", "text": "Cardano. XRP outperformed Cardano, but we've had Bitcoin, we've we've had higher highs and higher lows in the bull"}, {"start": "00:48:50", "end": "00:48:57", "text": "market or in the I'm not calling it a bull market in this record-breaking contraction."}, {"start": "00:48:57", "end": "00:49:03", "text": "This is exactly why I'm having trouble sitting here just, you know, I'm not going to sit here day after day and be"}, {"start": "00:49:03", "end": "00:49:12", "text": "like, dude, we fell below the 50we bare market. Because right now, this PMI chart is not"}, {"start": "00:49:12", "end": "00:49:18", "text": "right here about to fall right in the green. It's not right here about to"}, {"start": "00:49:18", "end": "00:49:26", "text": "fall. I don't want to say like with absolute certainty that it's going to expand, but"}, {"start": "00:49:26", "end": "00:49:33", "text": "I'm just saying in terms of general direction, right, because of quantitative tightening coming to an"}, {"start": "00:49:33", "end": "00:49:40", "text": "end, it's more likely to start going up. Okay. So, that is the thing that is so"}, {"start": "00:49:40", "end": "00:49:47", "text": "much more important to me than a than a moving average. Moving averages are broken all the time. Look, we broke the"}, {"start": "00:49:47", "end": "00:49:52", "text": "200 moving average back here and it was close to the bottom. It is what it is. We have to look for support and we can"}, {"start": "00:49:52", "end": "00:50:00", "text": "find support even on even on price action. We have support um between 150 and $2 for XRP. We can we can start"}, {"start": "00:50:00", "end": "00:50:05", "text": "looking for more structure. We can start looking for these things. But I won't sit here and start doing bare market"}, {"start": "00:50:05", "end": "00:50:13", "text": "videos because we fell below 50. While you overlay a business cycle chart that you see in green and it's very clear"}, {"start": "00:50:13", "end": "00:50:19", "text": "that crypto is following that chart and now we're in high fear, almost"}, {"start": "00:50:19", "end": "00:50:25", "text": "record-breaking fear right now as the PMI chart is about to go into expansion potentially."}, {"start": "00:50:25", "end": "00:50:31", "text": "I'm sorry, but I won't I won't be doing I won't be calling the bare market right now. And I again, I don't care like if"}, {"start": "00:50:31", "end": "00:50:38", "text": "I'm wrong, I'm wrong in front of everybody, but I'm not going to be sitting here doing that."}, {"start": "00:50:38", "end": "00:50:46", "text": "I only have the option to hold at this point. I'd lose hundreds if I close. Now, a lot of people feel that way."}, {"start": "00:50:46", "end": "00:50:52", "text": "Like, I get it. I really do get it."}, {"start": "00:50:53", "end": "00:51:01", "text": "I think, you know, if you can manage to zoom out and pay attention to this data and if you have a more or if you could"}, {"start": "00:51:01", "end": "00:51:07", "text": "increase your stamina as an investor, I think it's very helpful. Dan, this is a"}, {"start": "00:51:07", "end": "00:51:12", "text": "good chart. Never noticed this. Thanks. Thanks, man. I'm having trouble with it"}, {"start": "00:51:12", "end": "00:51:17", "text": "because it really is a good chart, but I'm not I I don't want to get to this point as a content creator where I'm"}, {"start": "00:51:17", "end": "00:51:23", "text": "just like, everybody, it's all about the PMI. It's only It only matters what the PMI does because there's so there are so"}, {"start": "00:51:23", "end": "00:51:30", "text": "many moving parts, but it just makes so much sense. It's absolutely insane because and I've been meaning to do a"}, {"start": "00:51:30", "end": "00:51:38", "text": "video on this, but like even even the short term, like if you really zoom in on this PMI chart for instance, like"}, {"start": "00:51:38", "end": "00:51:44", "text": "look what just a little bit of an uptick in the PMI, a little bit of an uptick. Look what it"}, {"start": "00:51:44", "end": "00:51:52", "text": "did for XRP. You see that? There's the uptick. There's XRP."}, {"start": "00:51:52", "end": "00:51:58", "text": "Are you kidding me? This was during quantitative tightening, by the way, everybody. By the way, if you're not a subscriber, smash it right now,"}, {"start": "00:51:58", "end": "00:52:04", "text": "everybody. 500% gains because we had a little bit of an uptick on PMI."}, {"start": "00:52:04", "end": "00:52:11", "text": "That was during QT. And I think what we need to remember right now as we study and look at all"}, {"start": "00:52:11", "end": "00:52:17", "text": "these altcoin charts is and we when we think about the broader picture of the cycle in general is like when when"}, {"start": "00:52:17", "end": "00:52:23", "text": "quantitative tightening stops right because it is in like 11"}, {"start": "00:52:23", "end": "00:52:28", "text": "days. So real quick there it is years of QT it's going to at"}, {"start": "00:52:28", "end": "00:52:35", "text": "the very least level off very least. Let's just go to the altcoin market cap chart or the total crypto market drop."}, {"start": "00:52:35", "end": "00:52:41", "text": "When liquidity or when when the QT stops, it's not like liquidity is going"}, {"start": "00:52:41", "end": "00:52:50", "text": "to just flood in and we're going to pump October or December 2nd. And I say that a lot, but it stops the draining"}, {"start": "00:52:51", "end": "00:52:57", "text": "and then that's what has kind of a cascading effect. And there's like there's no certain timeline to it. it"}, {"start": "00:52:57", "end": "00:53:04", "text": "just stops it draining and we slowly begin to see"}, {"start": "00:53:04", "end": "00:53:09", "text": "uh the business cycle start loosening up, I guess you could say."}, {"start": "00:53:09", "end": "00:53:15", "text": "And again, let me put the business cycle on this chart. There it is. So, what I"}, {"start": "00:53:15", "end": "00:53:21", "text": "take away from this, if we look at the business cycle overlaid on top of altcoins, look at that. Look at this."}, {"start": "00:53:21", "end": "00:53:27", "text": "Let me zoom. It's crazy. I'm back here in 2014. I keep saying all"}, {"start": "00:53:27", "end": "00:53:35", "text": "coins. This is a total crypto market cap chart. So, boom. Look at the flow with the cycles."}, {"start": "00:53:35", "end": "00:53:42", "text": "So, what is crazy to me and I think I've mentioned this is the very fact that"}, {"start": "00:53:42", "end": "00:53:48", "text": "crypto has done this during this is impressive. It could have"}, {"start": "00:53:48", "end": "00:53:53", "text": "been way worse. It really could have been way worse."}, {"start": "00:53:59", "end": "00:54:09", "text": "Caspa. I'm going to go in our intelligence system because I know we just added Caspa risk model. It's a it's a 15."}, {"start": "00:54:09", "end": "00:54:17", "text": "So, emerging asset theory is helpful on charts like this. Um, it's"}, {"start": "00:54:17", "end": "00:54:24", "text": "basically statistical modeling of market cycles. And it's hard, it's helpful because like when you compare something"}, {"start": "00:54:24", "end": "00:54:31", "text": "like Caspa to Cardano even, there's just way more data to like try and evaluate. Okay, well risk is here. What does that"}, {"start": "00:54:31", "end": "00:54:38", "text": "mean contextually with these cycles? And like is it really is risk really looking good here? But for Caspa, that emerging"}, {"start": "00:54:38", "end": "00:54:44", "text": "asset theory is helpful because we're able to put together, you know, a"}, {"start": "00:54:44", "end": "00:54:50", "text": "general um risk model. And you can see it's at a it's at a stinking 15 right"}, {"start": "00:54:50", "end": "00:54:58", "text": "now. And and and and really I genuinely think this like all coins like Caspa if"}, {"start": "00:54:58", "end": "00:55:04", "text": "we go back to the crypto chart the business cycle does start expanding again. And I'm not I don't know when"}, {"start": "00:55:04", "end": "00:55:09", "text": "it's going to happen, but if it's sooner than later or whenever,"}, {"start": "00:55:09", "end": "00:55:16", "text": "I think we're going to see charts like this, we're going to be like, dude,"}, {"start": "00:55:16", "end": "00:55:23", "text": "right at the precipice of QT ending, and right at the precipice of PMI expansion,"}, {"start": "00:55:23", "end": "00:55:30", "text": "more rate cuts, clarity act, peak fear happening."}, {"start": "00:55:30", "end": "00:55:34", "text": "Casper was at a 15."}, {"start": "00:55:36", "end": "00:55:43", "text": "We could go we could go to five. This might reach a five in the coming weeks. Like we could keep falling. I'm talking macro right now. But with all of that"}, {"start": "00:55:43", "end": "00:55:49", "text": "data, the risk is getting lower for these altcoins. And Caspa is at a 15."}, {"start": "00:55:49", "end": "00:55:56", "text": "So 68% of the time after three months higher and 100% of the time after one year higher."}, {"start": "00:55:56", "end": "00:56:02", "text": "And then what happens if it's at a 15 right now?"}, {"start": "00:56:02", "end": "00:56:11", "text": "four cents. What does the upside look like? We enter a bull. What price is Casper gonna be at 94 at risk? You know,"}, {"start": "00:56:11", "end": "00:56:16", "text": "that's what's crazy. If you're a Casper holder, get sign up with the trial. Mess around with this. Can manage your your"}, {"start": "00:56:16", "end": "00:56:22", "text": "alerts, set risk alerts, turn on SMS, go set your exit levels, go set your"}, {"start": "00:56:22", "end": "00:56:28", "text": "accumulation levels. What else? What else can we look at? Because I don't think I have in Trading View a"}, {"start": "00:56:28", "end": "00:56:32", "text": "Casper chart. I might actually"}, {"start": "00:56:35", "end": "00:56:42", "text": "That's crazy. You know what's funny is"}, {"start": "00:56:42", "end": "00:56:49", "text": "reminds me of one of my favorite coins. Reminds me of dog on Bitcoin. That chart."}, {"start": "00:56:49", "end": "00:56:55", "text": "I'm just curious. I want to open up the Caspa weekly."}, {"start": "00:56:55", "end": "00:57:01", "text": "You won't find me with all the macroeconomic data I'm presenting in this video and throughout recent videos"}, {"start": "00:57:01", "end": "00:57:08", "text": "and uh RSI on the weekly for Caspa. You won't find me at the very least calling"}, {"start": "00:57:08", "end": "00:57:14", "text": "bare market starting. That's just not happening."}, {"start": "00:57:16", "end": "00:57:22", "text": "What's cool is like I see a lot of OGs I think on X and they're just like it is what it is, dude. I'm here. Like I'm"}, {"start": "00:57:22", "end": "00:57:28", "text": "here for it. I'm I'm in this space. I'm building here. I'm I'm invested here on the long"}, {"start": "00:57:28", "end": "00:57:34", "text": "term. I'm sticking through. And that's generally like my approach right now, especially because I think it is so"}, {"start": "00:57:34", "end": "00:57:40", "text": "undervalued. It does just happen to be that I think from a cycle perspective, the bull market has not happened yet."}, {"start": "00:57:40", "end": "00:57:45", "text": "Um, as presented in this video, because I just know there's new people that are"}, {"start": "00:57:45", "end": "00:57:51", "text": "constantly coming in the stream, but I wanted to look at AVAC. Somebody said"}, {"start": "00:57:51", "end": "00:57:59", "text": "Avac in the dumpster fire. That's crazy. Look at Bitcoin dominance"}, {"start": "00:57:59", "end": "00:58:05", "text": "on a day like today. Bitcoin dominance falling."}, {"start": "00:58:05", "end": "00:58:10", "text": "I'll tell you I'll tell you one thing. I did this video all coins less risky in May."}, {"start": "00:58:10", "end": "00:58:18", "text": "I don't want to get all confident, right? Like this happens all of a sudden. Bitcoin do boom. But I can tell"}, {"start": "00:58:18", "end": "00:58:24", "text": "you one thing. If if and we have to monitor even this like"}, {"start": "00:58:24", "end": "00:58:30", "text": "this is the uh Treasury general account balance. So if this the Fed's checking"}, {"start": "00:58:30", "end": "00:58:37", "text": "account if this starts falling more dramatically now that the shutdown is over, this could be truly a a short-term"}, {"start": "00:58:37", "end": "00:58:45", "text": "catalyst of liquidity entering the system. I'm not talking about QT and the QT liquidity being locked up and drained"}, {"start": "00:58:45", "end": "00:58:50", "text": "stopping. I'm talking about a short-term liquid liquidity catalyst that could"}, {"start": "00:58:50", "end": "00:58:57", "text": "cause a PMI to bump up. I think Bitcoin dominance will"}, {"start": "00:58:57", "end": "00:59:02", "text": "very much continue falling. And I find it interesting because depending on how"}, {"start": "00:59:02", "end": "00:59:09", "text": "if this does happen on the short term, we just had the 20we fall below the 50we. So if you want to talk moving"}, {"start": "00:59:09", "end": "00:59:15", "text": "averages, just notice, you know, this happened last cycle one and then two,"}, {"start": "00:59:15", "end": "00:59:21", "text": "basically right after QT ended and altcoins dominated for quite some time."}, {"start": "00:59:21", "end": "00:59:26", "text": "Are we getting a similar setup? I kind of think we are. I'll continue"}, {"start": "00:59:26", "end": "00:59:32", "text": "monitoring. We'll continue watching. Um, but that's just my opinion. There's"}, {"start": "00:59:32", "end": "00:59:40", "text": "people that have the exact opposite opinion and I completely respect it and I'm I'm alert. I'm alert to it because I"}, {"start": "00:59:40", "end": "00:59:45", "text": "don't I don't pretend to know like what's going to happen. I I I really don't. Nobody does. I just know what I"}, {"start": "00:59:45", "end": "00:59:52", "text": "think will happen and I'm trying to be patient on the data, but I wanted to look at AVAC because I know it was"}, {"start": "00:59:52", "end": "00:59:59", "text": "brought up. I have an AVAC chart. Check it."}, {"start": "00:59:59", "end": "01:00:05", "text": "It's crazy how different these charts are. Like you look at AVX, we just looked at XRP, very different structure,"}, {"start": "01:00:05", "end": "01:00:12", "text": "which is crazy. Um, even if you look at AVX though, it's kind of like it's in this downward"}, {"start": "01:00:12", "end": "01:00:17", "text": "falling channel. I don't think necessarily on the macro it would be a"}, {"start": "01:00:17", "end": "01:00:23", "text": "terrible thing if we do start getting a more uh bullish trend because of"}, {"start": "01:00:23", "end": "01:00:30", "text": "liquidity, because of QT ending. Like if that thesis plays out, I think uh AEX has a very nice upside. I think it'll"}, {"start": "01:00:30", "end": "01:00:38", "text": "break alltime high in in a bull in a bull run right now. It's so crazy to even talk about those things because we're just absolutely capitulating."}, {"start": "01:00:38", "end": "01:00:44", "text": "We look at some oscillators. Um these are the times to pay attention"}, {"start": "01:00:44", "end": "01:00:51", "text": "everybody. I mean when has it never been like when has it not been the time to pay attention?"}, {"start": "01:00:51", "end": "01:00:59", "text": "So what I mean by this man it's over. Avac is in a in the dumpster."}, {"start": "01:00:59", "end": "01:01:05", "text": "Good time to pay attention. Not saying it was the beginning of a bull bull run. Avac is in a dumpster. You remember"}, {"start": "01:01:05", "end": "01:01:12", "text": "August 2024, crypto was in a dumpster. Good time to pay attention. It's over for crypto."}, {"start": "01:01:12", "end": "01:01:17", "text": "Good time to pay attention again. It's over for crypto."}, {"start": "01:01:17", "end": "01:01:23", "text": "Oh, it's not over. We're back into it. Bull market starting. Like that's the emotion in the crypto space. But I'll"}, {"start": "01:01:23", "end": "01:01:31", "text": "tell you one thing that's different at this one. Besides the record-breaking fear happening with Avac and altcoins,"}, {"start": "01:01:31", "end": "01:01:37", "text": "this is what's different. the macroeconomic,"}, {"start": "01:01:37", "end": "01:01:43", "text": "the business cycle because all of these swing lows where we"}, {"start": "01:01:43", "end": "01:01:49", "text": "actually did get bounces that was either within QT"}, {"start": "01:01:49", "end": "01:01:55", "text": "still going or even towards the end of it and in the middle of contraction of"}, {"start": "01:01:55", "end": "01:02:02", "text": "of the PMI. So if QT ends, PMI expands, AVAX looking better here than it has"}, {"start": "01:02:02", "end": "01:02:13", "text": "looked in years. Again, that's my opinion. It's completely based off of of of macro data."}, {"start": "01:02:14", "end": "01:02:19", "text": "Hey Dan, hope you're all good. Hope you are all good. Times are crazy. The red"}, {"start": "01:02:19", "end": "01:02:27", "text": "will pass. Thanks, man. I hope you're good too. Doing good over here. Hanging in there. Bummer to see crypto falling"}, {"start": "01:02:27", "end": "01:02:31", "text": "as always. Keeps falling."}, {"start": "01:02:36", "end": "01:02:43", "text": "You're a smart dude, but even you can't predict what's going to happen. I want to actually disagree with you. Number"}, {"start": "01:02:43", "end": "01:02:50", "text": "one, I agree. I can't predict what hap what what will happen. I say that all the time. I I I should put like in my"}, {"start": "01:02:50", "end": "01:02:56", "text": "thumbnail, I don't know because I don't know what's going to happen. But I disagree with you on something that I'm"}, {"start": "01:02:56", "end": "01:03:02", "text": "a smart dude. I don't even think I'm a smart dude."}, {"start": "01:03:09", "end": "01:03:16", "text": "What's funny is that we've been having bears. Even before the runup, the bears"}, {"start": "01:03:16", "end": "01:03:21", "text": "were right that we would crash."}, {"start": "01:03:22", "end": "01:03:29", "text": "I got to do a a nice little post right now because I want to tell you something."}, {"start": "01:03:29", "end": "01:03:34", "text": "16,000 people on the stream right now. Now, this could be a very meaningful"}, {"start": "01:03:34", "end": "01:03:40", "text": "live stream because QT ends and this is a very big part of the analysis. QT ends"}, {"start": "01:03:40", "end": "01:03:48", "text": "days away, years of stress on crypto. What happens next?"}, {"start": "01:03:48", "end": "01:03:54", "text": "We're going to see. This is to be continued. I had I have to I'm a I like documenting"}, {"start": "01:03:54", "end": "01:04:03", "text": "all this, everybody. I'm a content creator. I can't help it. I told my wife the other day like I'm a content creator. That's what I ended up doing."}, {"start": "01:04:04", "end": "01:04:10", "text": "It just clicked like cuz I'm always thinking about videos to do and stuff to talk about."}, {"start": "01:04:10", "end": "01:04:19", "text": "What else? Any other cryptos? Max fear just means buy for me."}, {"start": "01:04:19", "end": "01:04:25", "text": "Algo. I don't Let me see."}, {"start": "01:04:25", "end": "01:04:30", "text": "I don't know if I have an ALGO chart. I do. Yeah. I mean, they're they're all I love"}, {"start": "01:04:30", "end": "01:04:37", "text": "having the the PMI chart overlap. Look at that, everybody. Look at it."}, {"start": "01:04:37", "end": "01:04:44", "text": "It's crazy. It's crazy. I think we have an algorith"}, {"start": "01:04:45", "end": "01:04:52", "text": "intelligence system. I'm not trying to shill it, obviously. I'm I'm growing this puppy. I would love for you to join"}, {"start": "01:04:52", "end": "01:04:57", "text": "our members and get a trial at the very least and try out these risk models. But"}, {"start": "01:04:57", "end": "01:05:05", "text": "I do, even if you're not going to do that, I do want to just share the data while I'm back here. We have Algo um we"}, {"start": "01:05:05", "end": "01:05:11", "text": "have an Algo holder buying the fear. It's at a 44. Interesting. It's crazy to see how different some are in like the"}, {"start": "01:05:11", "end": "01:05:17", "text": "teens. Algo's at a 44 in terms of risk. So that's very interesting. Not as low"}, {"start": "01:05:17", "end": "01:05:23", "text": "risk right now based on data. It's not as low risk."}, {"start": "01:05:23", "end": "01:05:28", "text": "Um, I don't know why I thought of I I'll take a glance at the at the chart"}, {"start": "01:05:28", "end": "01:05:35", "text": "actually, too. But it's just so similar to every other chart. They all look the same. But I was just thinking,"}, {"start": "01:05:35", "end": "01:05:41", "text": "yeah, I mean, we're just we're in we're literally entering on in terms of momentum, we're entering bare market"}, {"start": "01:05:41", "end": "01:05:46", "text": "environments. It's crazy."}, {"start": "01:05:47", "end": "01:05:54", "text": "I wonder if we're going to hit recordbreaking RSI areas on some of these altcoins. I mean, that's like"}, {"start": "01:05:54", "end": "01:06:01", "text": "towards the bottom of the bare market for ALGO is like 28 right now. Algo RSI is at like a 35."}, {"start": "01:06:01", "end": "01:06:10", "text": "Couple more weeks of this. It's like, dude, we might be at bare market RSI territories while QT is ending."}, {"start": "01:06:10", "end": "01:06:16", "text": "Not a ton of data on this ALGO chart. Um,"}, {"start": "01:06:18", "end": "01:06:26", "text": "what else? I'm going to take a look at dog. Oh, so before I do that though, I I did want to"}, {"start": "01:06:32", "end": "01:06:39", "text": "It's crazy. I'm sorry, I'm distracted reading the"}, {"start": "01:06:39", "end": "01:06:46", "text": "the comments, but um there's snack. Didn't mean to click that. I meant to"}, {"start": "01:06:46", "end": "01:06:52", "text": "click link just because I want to make a point. It's not so much like analysis."}, {"start": "01:06:52", "end": "01:06:57", "text": "I just want you to I want to make a note of this. Like I want to ask you a question right now as I'm I'm doing a"}, {"start": "01:06:57", "end": "01:07:02", "text": "live stream and you're on X or you're on YouTube and you're like, man, crypto's crashing. Is it over? Is it done? How"}, {"start": "01:07:02", "end": "01:07:11", "text": "many of you are even thinking about like the reality of crypto right now? So if"}, {"start": "01:07:11", "end": "01:07:17", "text": "you if you put yourself into a value investor's mind and chain link does a very good example of this, but if you"}, {"start": "01:07:17", "end": "01:07:23", "text": "put yourself in a chain link or in a value investor's mind, how many of you are so wrapped up in the short-term"}, {"start": "01:07:23", "end": "01:07:29", "text": "fear, the short the short-term crash, you completely have forgotten, and it's okay because we all do. you've"}, {"start": "01:07:29", "end": "01:07:37", "text": "completely forgotten. Like I don't want to call them narratives, but I just want to call it the reality of the situation."}, {"start": "01:07:37", "end": "01:07:43", "text": "Chain link is not like a hold of mine, but it is it is one of the most insanely bullish cryptos, especially for value"}, {"start": "01:07:43", "end": "01:07:50", "text": "investors on the macro. And I'm saying that I I I don't hold chain link"}, {"start": "01:07:50", "end": "01:07:56", "text": "when you start remembering what's going on in the space. So a project like chain link and all projects have their"}, {"start": "01:07:56", "end": "01:08:04", "text": "different um like USPS you can call it chain link XRP has its own Cardano has"}, {"start": "01:08:04", "end": "01:08:09", "text": "its own right chain link is like at the center of of"}, {"start": "01:08:09", "end": "01:08:14", "text": "everything crypto so much hinges on on chain link it's at"}, {"start": "01:08:14", "end": "01:08:19", "text": "the center of like every ecosystem and for a value investor this is what"}, {"start": "01:08:19", "end": "01:08:24", "text": "matters right so it's like there's different dimensions to this. But you"}, {"start": "01:08:24", "end": "01:08:30", "text": "have the business cycle, you have quantitative tightening, you have everything that's going on, you know,"}, {"start": "01:08:30", "end": "01:08:35", "text": "from the macro level, you have and then that's one arm, but then another arm,"}, {"start": "01:08:35", "end": "01:08:42", "text": "you have technicals, you have technical analysis, you have all of that that's happening. You have fear indexes, you"}, {"start": "01:08:42", "end": "01:08:48", "text": "have risk scores, you have all that. That's one arm. But it's funny when we"}, {"start": "01:08:48", "end": "01:08:55", "text": "get into price action territories, especially high fear, we're falling. It's game over for crypto. People seem"}, {"start": "01:08:55", "end": "01:09:03", "text": "to forget the third arm and that is the fundamentals that drive what make these good good"}, {"start": "01:09:03", "end": "01:09:09", "text": "value plays. Chain link is such a strong value play. And so I just wanted to"}, {"start": "01:09:09", "end": "01:09:14", "text": "bring that I just wanted to bring that up. I just thought about it in terms of for chain chain link for some for some"}, {"start": "01:09:14", "end": "01:09:20", "text": "reason when somebody asked me about um ALGO. They have nothing to do with each"}, {"start": "01:09:20", "end": "01:09:25", "text": "other, but maybe because they're kind of like OGish."}, {"start": "01:09:29", "end": "01:09:35", "text": "Nothing weird is happening. Um, the weird I kind of talked about in"}, {"start": "01:09:35", "end": "01:09:41", "text": "today's video, Bitcoin dominance, the way it is moving. Um, but we are in a"}, {"start": "01:09:41", "end": "01:09:46", "text": "bare market as per the four-year cycle, which has been obvious since months back. Yet, you are delusional. It's"}, {"start": "01:09:46", "end": "01:09:54", "text": "fine. I mean, people, it's funny that people call me names for having a different opinion on uh an asset class."}, {"start": "01:09:54", "end": "01:09:59", "text": "But um I think I think the data I really just"}, {"start": "01:09:59", "end": "01:10:05", "text": "spent an hour and I've spent hours for the last week presenting to you data and"}, {"start": "01:10:05", "end": "01:10:11", "text": "I recommend to you should go watch my video I just did the other day. There's never was a four-year cycle"}, {"start": "01:10:11", "end": "01:10:18", "text": "because I think one of the riskiest things that anybody can possibly do right now and maybe you end up being right. Maybe there's a four-year cycle."}, {"start": "01:10:18", "end": "01:10:26", "text": "One of the riskiest things you can do right now is think that we're still in a four-year cycle environment when"}, {"start": "01:10:26", "end": "01:10:32", "text": "everything has proven otherwise. What you've seen in terms of four-ear cycle has been an absolute coincidence in"}, {"start": "01:10:32", "end": "01:10:38", "text": "terms of where the havingss, if you look at this zoomed out chart, I think these yellow lines I have here are the"}, {"start": "01:10:38", "end": "01:10:44", "text": "havingss, where they line up with Fed monetary policy as well as the business"}, {"start": "01:10:44", "end": "01:10:50", "text": "cycle, the PMI that you see in green. the PMI that you see in green, the liquidity engine that drives risk on"}, {"start": "01:10:50", "end": "01:10:55", "text": "assets like Bitcoin, like crypto, that's the cycle that we're in right now. So,"}, {"start": "01:10:55", "end": "01:11:03", "text": "if you want to sit there and you want to call the bottom or I'm sorry, the the beginning of a bare market while the PMI"}, {"start": "01:11:03", "end": "01:11:09", "text": "potentially finishes years of contraction and potentially gets ready to go into expansion because"}, {"start": "01:11:09", "end": "01:11:17", "text": "quantitative tightening ends within days. you might be calling the beginning of a bare market at the absolute worst"}, {"start": "01:11:17", "end": "01:11:23", "text": "time that you could have ever done that um ever since back here at you know the"}, {"start": "01:11:23", "end": "01:11:31", "text": "end of a bare market. So I just want to say that and you know I respect your opinion but I also encourage you if"}, {"start": "01:11:31", "end": "01:11:36", "text": "other people have different opinions than you in life you know"}, {"start": "01:11:36", "end": "01:11:40", "text": "don't insult them dude."}, {"start": "01:11:46", "end": "01:11:52", "text": "Good point bro it's unreal. We're at the 2024 October November levels. Let me"}, {"start": "01:11:52", "end": "01:11:58", "text": "spot that real quick before I continue. October 2020"}, {"start": "01:11:58", "end": "01:12:07", "text": "October November 2024 levels. Where are we at on the weekly?"}, {"start": "01:12:07", "end": "01:12:14", "text": "We're at October 2024, November 2024 levels. Yeah, I guess it"}, {"start": "01:12:14", "end": "01:12:22", "text": "depends what chart you're looking at. But point being with 7 trillion liquidity on the side, levels of crypto"}, {"start": "01:12:22", "end": "01:12:27", "text": "searching and retail interests we've not seen since 2017,"}, {"start": "01:12:27", "end": "01:12:34", "text": "hard to fight Black Rockck. There's a ton of money sitting in market uh money markets."}, {"start": "01:12:50", "end": "01:12:56", "text": "This is wrong. This is not right."}, {"start": "01:12:56", "end": "01:13:04", "text": "Let me zoom out. This is not the best chart to be using throughout this video, but like we can."}, {"start": "01:13:04", "end": "01:13:11", "text": "So, this comment is wrong, and I just want to show you why."}, {"start": "01:13:12", "end": "01:13:20", "text": "Um, I like these live streams because I can like I can speak to comments that I get."}, {"start": "01:13:20", "end": "01:13:27", "text": "So, the beginning of the bare market, um, two cycles ago was basically like"}, {"start": "01:13:27", "end": "01:13:32", "text": "right here, January 2018. You can see actually the PMI"}, {"start": "01:13:32", "end": "01:13:39", "text": "topping out. Um, just to give you a sense, uh, the top of the bull market. So"}, {"start": "01:13:39", "end": "01:13:45", "text": "basically as you're saying the beginning of the bare market this is from a Fed balance sheet perspective this is what"}, {"start": "01:13:45", "end": "01:13:55", "text": "happened went into QT that was the beginning of of the bare market okay and so"}, {"start": "01:13:55", "end": "01:14:00", "text": "let me explain that further if we go back to this chart you're saying that"}, {"start": "01:14:00", "end": "01:14:06", "text": "the beginning of the bare market was when the Q when QT ended in 2019 which"}, {"start": "01:14:06", "end": "01:14:11", "text": "was September 2019 you're saying the beginning of the bare market was right here."}, {"start": "01:14:11", "end": "01:14:17", "text": "Number one, that's wrong in hindsight, right? This was actually"}, {"start": "01:14:17", "end": "01:14:24", "text": "way past the end of the bare market, which is here. This was not the beginning of a bare market. There was"}, {"start": "01:14:24", "end": "01:14:30", "text": "some short consolidation postquantitative tightening ending. And then crypto wanted to bounce along with"}, {"start": "01:14:30", "end": "01:14:39", "text": "a PMI. You can see PMI bouncing. liquidity strains have you know were just ended because QT ended here. This"}, {"start": "01:14:39", "end": "01:14:45", "text": "was not the beginning of a bare market. We started actually seeing a bounce up and then this was COVID and CO was not a"}, {"start": "01:14:45", "end": "01:14:53", "text": "bare market. Nobody would nobody would call sit here and say a black swan happening was a bare market and"}, {"start": "01:14:53", "end": "01:14:58", "text": "right now if a black swan event happened crypto crashes"}, {"start": "01:14:58", "end": "01:15:05", "text": "that's why it crashed. It's not because man we started a bare market here. So this was not the beginning of a bare"}, {"start": "01:15:05", "end": "01:15:10", "text": "market at all. This was very well past the end of last of that bare market. And"}, {"start": "01:15:10", "end": "01:15:17", "text": "I would say this was like the beginning of a bull market, the end of quantitative tightening. And so it's"}, {"start": "01:15:17", "end": "01:15:22", "text": "very much very simply illustrated on all of these charts that I've been laying out. And really, if you would have"}, {"start": "01:15:22", "end": "01:15:31", "text": "called the beginning of a bare market here, that was the absolute opposite side of the trade as a macro person. And"}, {"start": "01:15:31", "end": "01:15:38", "text": "so, I think people are doing the same thing right now. They're sitting here in a very similar environment. QT ends in a week or just over a week and they're"}, {"start": "01:15:38", "end": "01:15:43", "text": "saying, \"We're entering a bare market. This is the beginning of a bare market.\" I think this would be the absolute"}, {"start": "01:15:43", "end": "01:15:49", "text": "opposite and absolute worst time to say something like that."}, {"start": "01:15:49", "end": "01:15:57", "text": "And I can be wrong. And if if we, you know, in six months from now, we're just"}, {"start": "01:15:57", "end": "01:16:04", "text": "we keep falling with red candles, right? And it just we never got PMI expansion,"}, {"start": "01:16:04", "end": "01:16:09", "text": "QT ending, didn't do anything, and we're just like crypto's failing and just it's"}, {"start": "01:16:09", "end": "01:16:16", "text": "game over. I'll have to come on here and be like, dude, that didn't that didn't play out how I thought it would. I was wrong. And I'm sure there'll be a lot of"}, {"start": "01:16:16", "end": "01:16:21", "text": "people calling me names for it, but you know,"}, {"start": "01:16:35", "end": "01:16:42", "text": "look at that. Look at these comments, guys. Just going to ban that one."}, {"start": "01:16:59", "end": "01:17:07", "text": "Um I don't know if this was so thanks for the super chat says I mean QE was this the comment that I just covered in"}, {"start": "01:17:07", "end": "01:17:12", "text": "terms of calling the beginning of a bare market."}, {"start": "01:17:15", "end": "01:17:21", "text": "I don't know. But I mean, even still,"}, {"start": "01:17:21", "end": "01:17:28", "text": "QE, we had we had two previous bull markets, right, that we that many of us relate to a lot. It's back here. This"}, {"start": "01:17:28", "end": "01:17:34", "text": "was a postquantitative easing normalization bull market, and there's other bull markets happening back here,"}, {"start": "01:17:34", "end": "01:17:39", "text": "right? But, um, we're talking about this, a postquantitative easing normalization bull market that happened"}, {"start": "01:17:39", "end": "01:17:46", "text": "there. Then we went into QT and then we had last cycle's bull market which was a QE driven bull market. Right? This is"}, {"start": "01:17:46", "end": "01:17:52", "text": "the Fed balance sheet. And then the top of that bull market was right when we"}, {"start": "01:17:52", "end": "01:17:58", "text": "started getting signs QT was coming into play and we've been in that bare market ever since. So I don't know what you"}, {"start": "01:17:58", "end": "01:18:04", "text": "mean by, you know, I think you're saying that when we get QE"}, {"start": "01:18:04", "end": "01:18:11", "text": "it's the beginning of a bare market. That doesn't make sense to me. But the other thing is my argument isn't even that we're gonna get QE. I'm not I don't"}, {"start": "01:18:11", "end": "01:18:16", "text": "sit here talking about QE is coming. You know, money printers are coming. I'm"}, {"start": "01:18:16", "end": "01:18:21", "text": "just talking about this coming to an end. That liquidity drain coming to an"}, {"start": "01:18:21", "end": "01:18:24", "text": "end."}, {"start": "01:18:30", "end": "01:18:36", "text": "So, I appreciate all of y'all."}, {"start": "01:18:37", "end": "01:18:45", "text": "What other is there any other altcoins? I start these live streams, I'm like maybe 20 minutes. We're going on an hour"}, {"start": "01:18:45", "end": "01:18:53", "text": "20 minutes. Dude, we got an OG in the house. No bull"}, {"start": "01:18:53", "end": "01:18:58", "text": "market till you start drawing those green boxes like last cycle. Do it, Dan."}, {"start": "01:18:58", "end": "01:19:05", "text": "Right. I do remember and it's crazy how that played out last cycle. What's crazy"}, {"start": "01:19:05", "end": "01:19:11", "text": "to me though is how much of yes it worked out. Yes, the an the analysis"}, {"start": "01:19:11", "end": "01:19:19", "text": "even for me last cycle was largely based on fouryear cycles. But it's funny now that I look back and I'm like wow a lot"}, {"start": "01:19:19", "end": "01:19:26", "text": "of that was coincidence that it played out that well. And this is why people it's so easy to think fouryear cycle"}, {"start": "01:19:26", "end": "01:19:33", "text": "theory is so on point. And it's because Fed monetary policy and everything that"}, {"start": "01:19:33", "end": "01:19:39", "text": "has happened in terms of PMI, this is what drives the cycles."}, {"start": "01:19:39", "end": "01:19:46", "text": "Liquidity, liquidity expansion has nothing to do. I mean, the Bitcoin having was definitely it's definitely"}, {"start": "01:19:46", "end": "01:19:52", "text": "relevant. Don't get me wrong, it's it's not nothing. It was way more relevant in the early days because of the supply"}, {"start": "01:19:52", "end": "01:19:59", "text": "shock factor, right? But now with crypto just such a it's a very important main"}, {"start": "01:19:59", "end": "01:20:06", "text": "asset class now it's become clear that the Bitcoin having is not what what drives the four-year cycle Bitcoin"}, {"start": "01:20:06", "end": "01:20:13", "text": "having is not what drives these these cycles in these markets. It's absolutely liquidity. You you can't change my mind"}, {"start": "01:20:13", "end": "01:20:16", "text": "on that."}, {"start": "01:20:20", "end": "01:20:26", "text": "Somebody wants a Salana chart. Let's see what we got going on with Salana."}, {"start": "01:20:29", "end": "01:20:35", "text": "Salana. Crazy."}, {"start": "01:20:41", "end": "01:20:47", "text": "Complete reset. Crazy to me. Crazy to me to see the price of Salana like the same"}, {"start": "01:20:47", "end": "01:20:52", "text": "as March 2024 hovering at all at all-time highs two"}, {"start": "01:20:52", "end": "01:20:57", "text": "cycles ago. We are at the exact this is a good every chart brings like a different story and I really enjoy that."}, {"start": "01:20:57", "end": "01:21:03", "text": "I really do because if you look at Salana for instance, imagine the hype that was going on in"}, {"start": "01:21:03", "end": "01:21:10", "text": "the bull market highs back here. Just imagine it. And and now again"}, {"start": "01:21:10", "end": "01:21:18", "text": "when you take something like this, right, the business cycle, sorry, but it's so relevant."}, {"start": "01:21:18", "end": "01:21:25", "text": "We're at the flip side, everybody. Greed was crazy high. Look at this. Okay, this"}, {"start": "01:21:25", "end": "01:21:32", "text": "is such a good visualization. Greed was crazy high at the top of the last bull market. This is what Salana price was."}, {"start": "01:21:32", "end": "01:21:38", "text": "PMI the business cycle started falling. This was the bare market. QT started"}, {"start": "01:21:38", "end": "01:21:43", "text": "everybody. It was game over. The fun was over and there it is on a Salana chart"}, {"start": "01:21:43", "end": "01:21:48", "text": "and everybody was greedy here. What do you think?"}, {"start": "01:21:48", "end": "01:21:54", "text": "Everybody is fearful here because they are. We are not at this environment where PMI"}, {"start": "01:21:54", "end": "01:22:00", "text": "is topping out. We're so we have an exact flipping of that situation from a"}, {"start": "01:22:00", "end": "01:22:06", "text": "sentiment perspective as well as from a business cycle perspective and we're talking real macroeconomics here. What"}, {"start": "01:22:06", "end": "01:22:14", "text": "do you think happens? And even on the even on the short term we have uh liquidity that can slowly"}, {"start": "01:22:14", "end": "01:22:20", "text": "start kind of entering back into the system. A slow return obviously but even"}, {"start": "01:22:20", "end": "01:22:25", "text": "even a shorter term return from the TGA. Think about this. This chart can this"}, {"start": "01:22:25", "end": "01:22:31", "text": "chart can flip even on the even on the shorter term amidst this high fear and I'm talking"}, {"start": "01:22:31", "end": "01:22:38", "text": "about the TGA. It's the checking account of the Fed because of the shutdown being over. If this starts drawing down and we"}, {"start": "01:22:38", "end": "01:22:45", "text": "get a shorter term catalyst of liquidity um something like the Salana chart, it's pretty crazy to watch because we get a"}, {"start": "01:22:45", "end": "01:22:52", "text": "little bit of a flipping to the upside on on the PMI chart. And guess what? Look at this Salana chart. It's been in"}, {"start": "01:22:52", "end": "01:23:00", "text": "either quantitative tightening and the PMI contraction consolidation for years. What's this"}, {"start": "01:23:00", "end": "01:23:06", "text": "going to look like if PMI actually starts really making a a strong move up and we are at similar price as we were"}, {"start": "01:23:06", "end": "01:23:13", "text": "at high greed at the top of a PMI move. Now we're at the bottom of a PMI move"}, {"start": "01:23:13", "end": "01:23:18", "text": "and we have extreme fear. That's crazy to me. Again, I don't I don't speak with"}, {"start": "01:23:18", "end": "01:23:25", "text": "certainties. I'm not sitting here as one of those content creators like it's game on everybody. Go all in everybody. Like"}, {"start": "01:23:25", "end": "01:23:32", "text": "refinance your home and and do it because it's it's absolutely guaranteed. But this is data I'm not messing around"}, {"start": "01:23:32", "end": "01:23:37", "text": "with. I'm not messing around with that at all."}, {"start": "01:23:37", "end": "01:23:42", "text": "It's crazy. TGA just ticked down. Uh"}, {"start": "01:23:42", "end": "01:23:50", "text": "can I zoom in? I never I haven't used this chart a lot, but like 928"}, {"start": "01:23:50", "end": "01:23:55", "text": "Thought it was 9:24. So 924 17th 18th"}, {"start": "01:23:55", "end": "01:23:58", "text": "928."}, {"start": "01:24:02", "end": "01:24:09", "text": "So anyway I that's crazy. That Salana chart is crazy to me. Look at that"}, {"start": "01:24:09", "end": "01:24:17", "text": "extreme greed similar price. Extreme fear same price. PMI topping out. PMI bottoming out. QT"}, {"start": "01:24:17", "end": "01:24:23", "text": "coming to an end. Pro crypto SEC SEC SEC chair wants to"}, {"start": "01:24:23", "end": "01:24:28", "text": "see crypto thrive, succeed, pro- crypto legislation, clarity act, institutions"}, {"start": "01:24:28", "end": "01:24:37", "text": "buying even this chart, Salana, they're buying right now while retail is just redistributing and selling. It's crazy."}, {"start": "01:24:37", "end": "01:24:42", "text": "I feel crazy. I feel crazy. I genuinely do because it seems like such an"}, {"start": "01:24:42", "end": "01:24:49", "text": "unpopular opinion what I'm saying. And I I I genuinely am like"}, {"start": "01:24:50", "end": "01:24:56", "text": "like if I'm going to be wrong, I'm going to be I'm going to be big time wrong, man, in front of y'all. And it is what"}, {"start": "01:24:56", "end": "01:25:03", "text": "it is. It's okay. But this is just what I see and I can't unsee it. Do you know what I'm saying?"}, {"start": "01:25:03", "end": "01:25:08", "text": "And so that's the that's the Salana chart. Um, let me see in in our"}, {"start": "01:25:08", "end": "01:25:15", "text": "intelligence system. Salana is at a 23. So again at at a at a 23"}, {"start": "01:25:15", "end": "01:25:21", "text": "price was higher 62% of the time after 3 months 100% of the time after one year."}, {"start": "01:25:21", "end": "01:25:28", "text": "So extreme fear all the business cycle stuff we're talking about."}, {"start": "01:25:28", "end": "01:25:33", "text": "We're not here everybody. This was this is what we just looked at. November 2021"}, {"start": "01:25:33", "end": "01:25:40", "text": "98 risk. That's when you start se selling. This is when our members alerts go off. Hey, you have this level to sell"}, {"start": "01:25:40", "end": "01:25:45", "text": "at 90, sell. You have this level to sell at 70, sell because risk is starting to"}, {"start": "01:25:45", "end": "01:25:52", "text": "increase. It's getting up there. We're at a 23 right now. That's where we are right now. Everybody,"}, {"start": "01:25:54", "end": "01:26:03", "text": "by the way, everybody, we got the free trial going on. We have a ton of risk models back there and we literally just implemented this. We accept. We I I'm so"}, {"start": "01:26:03", "end": "01:26:10", "text": "grateful and h like I'm just really excited. This just got launched yesterday. We accept crypto. I've been"}, {"start": "01:26:10", "end": "01:26:15", "text": "in the space for so long and I've seen so many crypto products and stuff and it's like it's oftentimes seems so hard"}, {"start": "01:26:15", "end": "01:26:21", "text": "to buy crypto. So I'm very excited to be like accepting crypto right now. Um so"}, {"start": "01:26:21", "end": "01:26:27", "text": "you can pay with crypto if you want. Um and check that out. But we also have if you're not going to pay with crypto, we"}, {"start": "01:26:27", "end": "01:26:33", "text": "have a free trial if you want to try us out. But Salana painting a very nice picture."}, {"start": "01:26:33", "end": "01:26:40", "text": "I need to do just a 10-minute video on Salana and what's happening with that Salana chart in terms of uh fear and"}, {"start": "01:26:40", "end": "01:26:45", "text": "greed index as well as business cycle."}, {"start": "01:26:48", "end": "01:26:54", "text": "That's nuts. Can you all press one like if you're"}, {"start": "01:26:54", "end": "01:27:00", "text": "bullish because I do I do feel crazy out here. You're right. Exactly."}, {"start": "01:27:00", "end": "01:27:05", "text": "Highlight the positive comments, Dan. There are there are many here. I appreciate you. I know. I know. The"}, {"start": "01:27:05", "end": "01:27:12", "text": "silent majority, everybody. We got 20,000 20,000 people on this 21,000 people."}, {"start": "01:27:12", "end": "01:27:20", "text": "21,000 people on this live stream in extreme fear. A moment to remember at this point of the business cycle."}, {"start": "01:27:21", "end": "01:27:25", "text": "All right, I have to look at because"}, {"start": "01:27:33", "end": "01:27:39", "text": "It's nuts. I'm on a monthly chart, by the way. I"}, {"start": "01:27:39", "end": "01:27:46", "text": "should change this to I'll change this to a weekly."}, {"start": "01:27:53", "end": "01:28:00", "text": "One thing I noticed I this is another thing I want to do a video on. Again, speaking of the"}, {"start": "01:28:00", "end": "01:28:05", "text": "the business cycle, the PMI, I I don't want to home in on it so much where I'm"}, {"start": "01:28:05", "end": "01:28:11", "text": "like it's the only thing that matters to me because it's not I want to make that myself clear, but I've done a lot of"}, {"start": "01:28:11", "end": "01:28:16", "text": "videos on everything going on, the mechanism between that, the Fed balance"}, {"start": "01:28:16", "end": "01:28:24", "text": "sheet, M2, that's USM2, the TGA. But one thing I want to do is a video or"}, {"start": "01:28:24", "end": "01:28:30", "text": "two really looking at what type of lagging effect or leading indicator effect is"}, {"start": "01:28:30", "end": "01:28:38", "text": "there because I noticed this on other charts and I just opened up this chart and noticed this. Look at"}, {"start": "01:28:38", "end": "01:28:43", "text": "uh we got a lot of ones going off man. Dude, we've got a lot of silent bulls"}, {"start": "01:28:43", "end": "01:28:50", "text": "out there. I like it. I really do."}, {"start": "01:28:50", "end": "01:28:58", "text": "Look at sweet and just so here's PMI right trending down about to expand"}, {"start": "01:28:58", "end": "01:29:03", "text": "and look at the move. It's almost like the expansion of PMI"}, {"start": "01:29:03", "end": "01:29:10", "text": "was it's like made a move before it. And the reason I'm bringing that up and I have to I"}, {"start": "01:29:10", "end": "01:29:17", "text": "want to capture more data points because I don't know if this is actually a consistency or something even worth doing a video on."}, {"start": "01:29:17", "end": "01:29:22", "text": "But I'm bringing it up now because I just noticed it and I've noticed it on other charts. Uh you can even see"}, {"start": "01:29:22", "end": "01:29:29", "text": "topping out sui shortly before I mean like a month before business cycle"}, {"start": "01:29:29", "end": "01:29:37", "text": "starts consolidating again. And check it out. Little pump little pump business cycle."}, {"start": "01:29:37", "end": "01:29:43", "text": "So it's something I want to I want to actually try and dissect a little bit more. But there's a sweet chart and it's"}, {"start": "01:29:43", "end": "01:29:50", "text": "just it's I mean we're testing previous swing highs that we had in January to March"}, {"start": "01:29:50", "end": "01:29:57", "text": "2024. I'm sure again we could probably look at um"}, {"start": "01:29:57", "end": "01:30:01", "text": "the fear and greed index at this moment"}, {"start": "01:30:07", "end": "01:30:14", "text": "and it was probably more fear obviously"}, {"start": "01:30:14", "end": "01:30:20", "text": "and obviously I'm sorry more agreed back here. So we're at a similar price very similar to Salana a little different."}, {"start": "01:30:20", "end": "01:30:25", "text": "The chart doesn't look as as great but it doesn't look bad."}, {"start": "01:30:25", "end": "01:30:31", "text": "Um RSI getting to low territories. It's at"}, {"start": "01:30:31", "end": "01:30:38", "text": "low territories. risk model for SUI"}, {"start": "01:30:40", "end": "01:30:46", "text": "25. So to give you context, if you go to the"}, {"start": "01:30:46", "end": "01:30:52", "text": "August 2024 is a pretty big like wash out in crypto. If you remember,"}, {"start": "01:30:52", "end": "01:31:01", "text": "I'm quite sure people were calling for the beginning of the bare market. I even noted in today's live stream, I think uh"}, {"start": "01:31:01", "end": "01:31:08", "text": "September there September 2024. So here's August 2024. So this entire move we broke down in September the 50week"}, {"start": "01:31:08", "end": "01:31:15", "text": "moving average. We actually closed a candle below it. This is happening right now. Candles it's even worse but also"}, {"start": "01:31:15", "end": "01:31:23", "text": "happened in April March to April tariff fear. So um going back to the to the"}, {"start": "01:31:23", "end": "01:31:29", "text": "chart or the risk model for SUI"}, {"start": "01:31:29", "end": "01:31:37", "text": "you can see in that August move 23 risk and then back here 2023 13 risk the so"}, {"start": "01:31:37", "end": "01:31:42", "text": "just to give you an idea all these risk models are different for me if I was like and I actually have SUI in my IT"}, {"start": "01:31:42", "end": "01:31:47", "text": "trust capital account but if I'm like I I want to I'm going to"}, {"start": "01:31:47", "end": "01:31:52", "text": "accumulate more sweet. I'd be very much watching the 13,"}, {"start": "01:31:52", "end": "01:32:00", "text": "the 2023 low. I think it was a 13, was it? Yeah. Uh, and then look, 23. We're"}, {"start": "01:32:00", "end": "01:32:06", "text": "entering the territory, high fear territory."}, {"start": "01:32:06", "end": "01:32:12", "text": "We can look at so risk was just above 50 in that March 2024 move. So, you can see"}, {"start": "01:32:12", "end": "01:32:17", "text": "it's a newer chart. It's a newer risk model, but that's the context that we"}, {"start": "01:32:17", "end": "01:32:26", "text": "have in terms of risk on this chart. So risk was 50s back here in this move."}, {"start": "01:32:26", "end": "01:32:32", "text": "Risk is 20s at basically the same price at this move. This says one thing very"}, {"start": "01:32:32", "end": "01:32:39", "text": "simple thing not that not this is not risk models are not predictive but it's not saying so we we can't fall"}, {"start": "01:32:39", "end": "01:32:47", "text": "lower but it's saying right now at a risk of 23 as we fall it's a better"}, {"start": "01:32:47", "end": "01:32:52", "text": "time to buy than it would have been back here in terms of risk and that's obviously clear because if you bought"}, {"start": "01:32:52", "end": "01:32:59", "text": "there guess what you bought a a pretty pretty a local top we had months of downside so that's the purpose of the"}, {"start": "01:32:59", "end": "01:33:04", "text": "risk models is to be able to make these like very uh riskbased database"}, {"start": "01:33:04", "end": "01:33:09", "text": "decisions, not just like speculative like ooh, you know, this is how X is X"}, {"start": "01:33:09", "end": "01:33:14", "text": "sentiment is right now. You know what I mean?"}, {"start": "01:33:20", "end": "01:33:29", "text": "Bull market canled. Bull market delayed is what I think."}, {"start": "01:33:30", "end": "01:33:36", "text": "delayed. If you're new here, I have to just show you this."}, {"start": "01:33:36", "end": "01:33:41", "text": "We can go to link."}, {"start": "01:33:41", "end": "01:33:46", "text": "Look at the PMI chart in green. Go watch my recent videos talking about"}, {"start": "01:33:46", "end": "01:33:52", "text": "the QT ending, business cycle, PMI, what the Fed is doing. Start paying attention"}, {"start": "01:33:52", "end": "01:33:58", "text": "to this data is what I will say. I'm not going to I'm not going to keep talking about spend an hour and a half. Um, but"}, {"start": "01:33:58", "end": "01:34:03", "text": "look how these cryptos move with that data. And if this green line goes into"}, {"start": "01:34:03", "end": "01:34:09", "text": "expansion, I can tell you what's probably not going to happen. This the"}, {"start": "01:34:09", "end": "01:34:17", "text": "top of a bull market and the beginning of a bare market where it goes into this fall. So, study the data everybody. Um,"}, {"start": "01:34:17", "end": "01:34:23", "text": "hour and a half in. I appreciate all of you. I do. If you're not a subscriber, if you got even the slightest ounce of"}, {"start": "01:34:23", "end": "01:34:29", "text": "value, please smash the subscribe, give it a like, give it a repost. If you're on X watching, give it a repost and let"}, {"start": "01:34:29", "end": "01:34:36", "text": "me know your thoughts in the comments below. And if you're not in our intelligence system, I'm so excited about the system. Even though I'm not"}, {"start": "01:34:36", "end": "01:34:44", "text": "sitting here exiting at high risk scores and we're talking about accumulation, um, go plan your macro plan based on"}, {"start": "01:34:44", "end": "01:34:50", "text": "data, based on risk. There's a free trial. We put our money where our mouth is. If you don't like it, just cancel."}, {"start": "01:34:50", "end": "01:34:57", "text": "And we do now accept crypto. We just turned on text alerts. So you get SMS text messages sent to your phone."}, {"start": "01:34:57", "end": "01:35:04", "text": "Whether you have a risk score that gets hit for accumulation or selling or you can even go on our exit planner if you"}, {"start": "01:35:04", "end": "01:35:10", "text": "just have your prices set that you want to sell at. You can also save and enable notifications of prices being hit and"}, {"start": "01:35:10", "end": "01:35:15", "text": "get texted right to your phone as well. So um I'm excited to be able to offer this to you. We launched this system in"}, {"start": "01:35:15", "end": "01:35:21", "text": "May. It's been tough times for crypto. It's been I I want to say a tough time"}, {"start": "01:35:21", "end": "01:35:28", "text": "to launch a company in crypto, but exciting because I genuinely think for all of us macro value investors in the"}, {"start": "01:35:28", "end": "01:35:34", "text": "space, we are at we are at the beginning stage of something I think that is going"}, {"start": "01:35:34", "end": "01:35:40", "text": "to grow a lot. So check it out if you're interested. And if you're not, that's cool, too. But let's continue tracking"}, {"start": "01:35:40", "end": "01:35:46", "text": "the data. Everybody hang in there. Um I'll continue tracking. If we keep falling, maybe I'll do another video."}, {"start": "01:35:46", "end": "01:35:55", "text": "But I appreciate each and every one of you. On your way out, please smash the like and subscribe. I'll see you in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "I spent hours putting together the video"}, {"start": "00:00:01", "end": "00:00:02", "text": "that you were about to watch. And right"}, {"start": "00:00:02", "end": "00:00:05", "text": "now, as crypto continues to dip, I want"}, {"start": "00:00:05", "end": "00:00:06", "text": "you to keep one thing in mind as you're"}, {"start": "00:00:06", "end": "00:00:09", "text": "watching the video. In 2019, when the"}, {"start": "00:00:09", "end": "00:00:10", "text": "Fed ended quantitative tightening,"}, {"start": "00:00:10", "end": "00:00:13", "text": "crypto continued to dip after that for"}, {"start": "00:00:13", "end": "00:00:15", "text": "months. The liquidity turn that we are"}, {"start": "00:00:15", "end": "00:00:17", "text": "waiting for after years of tightening"}, {"start": "00:00:17", "end": "00:00:19", "text": "and liquidity being drained from the"}, {"start": "00:00:19", "end": "00:00:22", "text": "system. That turn, that pivot, it takes"}, {"start": "00:00:22", "end": "00:00:25", "text": "time. Don't expect that we will see an"}, {"start": "00:00:25", "end": "00:00:28", "text": "immediate pump in crypto and risk on"}, {"start": "00:00:28", "end": "00:00:30", "text": "assets just because QT ends in a couple"}, {"start": "00:00:30", "end": "00:00:32", "text": "of weeks. This is a game of patience"}, {"start": "00:00:32", "end": "00:00:34", "text": "right now and hopefully you find this"}, {"start": "00:00:34", "end": "00:00:35", "text": "data valuable. Recently, I've been doing"}, {"start": "00:00:35", "end": "00:00:38", "text": "a lot of talking about QT ending or the"}, {"start": "00:00:38", "end": "00:00:40", "text": "PMI, the business cycle getting ready to"}, {"start": "00:00:40", "end": "00:00:41", "text": "go into expansion. But today, I need to"}, {"start": "00:00:41", "end": "00:00:43", "text": "take this a step further because the"}, {"start": "00:00:43", "end": "00:00:45", "text": "next phase of the cycle isn't just about"}, {"start": "00:00:45", "end": "00:00:47", "text": "QT. It's about what happens after the"}, {"start": "00:00:47", "end": "00:00:49", "text": "liquidity drain stops and how the"}, {"start": "00:00:49", "end": "00:00:51", "text": "dominoes fall next. And so this means"}, {"start": "00:00:51", "end": "00:00:53", "text": "that we need to talk about a lot of"}, {"start": "00:00:53", "end": "00:00:54", "text": "different things that many people in"}, {"start": "00:00:54", "end": "00:00:56", "text": "crypto are not talking about. And I want"}, {"start": "00:00:56", "end": "00:00:57", "text": "to be very real with you. Until"}, {"start": "00:00:57", "end": "00:00:59", "text": "recently, I was not talking about these"}, {"start": "00:00:59", "end": "00:01:00", "text": "things either. I'm talking about the"}, {"start": "00:01:00", "end": "00:01:03", "text": "Fed's checking account or the TGA,"}, {"start": "00:01:03", "end": "00:01:04", "text": "Treasury General Account. Now, speaking"}, {"start": "00:01:04", "end": "00:01:07", "text": "of the Treasury General Account balance,"}, {"start": "00:01:07", "end": "00:01:09", "text": "it just started falling. And this is a"}, {"start": "00:01:09", "end": "00:01:10", "text": "very urgent update. I don't know if you"}, {"start": "00:01:10", "end": "00:01:12", "text": "saw my video from six days ago, but I"}, {"start": "00:01:12", "end": "00:01:15", "text": "want to show you this very brief clip. I"}, {"start": "00:01:15", "end": "00:01:16", "text": "want to look at the Treasury General"}, {"start": "00:01:16", "end": "00:01:18", "text": "account, the TGA. This is basically the"}, {"start": "00:01:18", "end": "00:01:19", "text": "US government's checking account at the"}, {"start": "00:01:19", "end": "00:01:21", "text": "Federal Reserve. When the government"}, {"start": "00:01:21", "end": "00:01:24", "text": "spends from the TGA, those dollars move"}, {"start": "00:01:24", "end": "00:01:26", "text": "directly into the real economy. And"}, {"start": "00:01:26", "end": "00:01:29", "text": "right now, nearly $1 trillion is staged"}, {"start": "00:01:29", "end": "00:01:31", "text": "to be released as the government is"}, {"start": "00:01:31", "end": "00:01:33", "text": "reopening. This is one of the most"}, {"start": "00:01:33", "end": "00:01:35", "text": "underdised liquidity forces in the"}, {"start": "00:01:35", "end": "00:01:37", "text": "entire market. It's being discussed that"}, {"start": "00:01:37", "end": "00:01:38", "text": "the government's reopening. That's a"}, {"start": "00:01:38", "end": "00:01:39", "text": "good thing, but it's the liquidity on"}, {"start": "00:01:39", "end": "00:01:41", "text": "the short term that stems from this. So,"}, {"start": "00:01:41", "end": "00:01:43", "text": "this is a very massive update because"}, {"start": "00:01:43", "end": "00:01:45", "text": "right now we might be seeing that"}, {"start": "00:01:45", "end": "00:01:47", "text": "shortterm liquidity catalyst that we"}, {"start": "00:01:47", "end": "00:01:49", "text": "were just talking about. And I'm talking"}, {"start": "00:01:49", "end": "00:01:52", "text": "about the broad money supply M2. This"}, {"start": "00:01:52", "end": "00:01:55", "text": "isn't global M2. This is US money supply"}, {"start": "00:01:55", "end": "00:01:57", "text": "only. This is seasonally adjusted. It"}, {"start": "00:01:57", "end": "00:01:59", "text": "includes things like cash, checking"}, {"start": "00:01:59", "end": "00:02:02", "text": "deposits, saving deposits, retail money,"}, {"start": "00:02:02", "end": "00:02:04", "text": "market funds, smalltime deposits, and on"}, {"start": "00:02:04", "end": "00:02:05", "text": "top of all that, we're going to talk"}, {"start": "00:02:05", "end": "00:02:07", "text": "about when all of this might actually"}, {"start": "00:02:07", "end": "00:02:09", "text": "happen. Because now that the shutdown is"}, {"start": "00:02:09", "end": "00:02:10", "text": "officially over, that short-term"}, {"start": "00:02:10", "end": "00:02:12", "text": "liquidity trigger everyone was waiting"}, {"start": "00:02:12", "end": "00:02:14", "text": "on, it's here. In reality, things can"}, {"start": "00:02:14", "end": "00:02:17", "text": "actually start moving again, but it"}, {"start": "00:02:17", "end": "00:02:19", "text": "might not move immediately. So, hit the"}, {"start": "00:02:19", "end": "00:02:20", "text": "subscribe on your way in. And as we dive"}, {"start": "00:02:20", "end": "00:02:22", "text": "into all of this data, and you want to"}, {"start": "00:02:22", "end": "00:02:24", "text": "make sure you're positioned well for the"}, {"start": "00:02:24", "end": "00:02:25", "text": "current crypto cycle, click the link"}, {"start": "00:02:25", "end": "00:02:27", "text": "below in the pin comment for a free"}, {"start": "00:02:27", "end": "00:02:29", "text": "trial into the CCV intelligence system."}, {"start": "00:02:29", "end": "00:02:31", "text": "We have proprietary risk models that"}, {"start": "00:02:31", "end": "00:02:33", "text": "help you accumulate when risk is low and"}, {"start": "00:02:33", "end": "00:02:35", "text": "take profits when risk is high without"}, {"start": "00:02:35", "end": "00:02:38", "text": "emotion. So NPR recently reported this"}, {"start": "00:02:38", "end": "00:02:39", "text": "week that the government shutdown is"}, {"start": "00:02:39", "end": "00:02:41", "text": "over. But not everything is back to"}, {"start": "00:02:41", "end": "00:02:43", "text": "normal. So this basically clears a path"}, {"start": "00:02:43", "end": "00:02:45", "text": "for Treasury spending to resume without"}, {"start": "00:02:45", "end": "00:02:47", "text": "further delay. Here's Mr. Crypto over"}, {"start": "00:02:47", "end": "00:02:48", "text": "here on X. We're going into a liquidity"}, {"start": "00:02:48", "end": "00:02:51", "text": "easing cycle very soon. The Fed will cut"}, {"start": "00:02:51", "end": "00:02:54", "text": "rates more, end QT, and restart QE. This"}, {"start": "00:02:54", "end": "00:02:55", "text": "will create an incredibly strong"}, {"start": "00:02:55", "end": "00:02:57", "text": "tailwind for all risk assets, including"}, {"start": "00:02:57", "end": "00:02:59", "text": "crypto. Now, that sounds awesome. It"}, {"start": "00:02:59", "end": "00:03:00", "text": "sounds exciting if you're a crypto"}, {"start": "00:03:00", "end": "00:03:02", "text": "holder. But we need to ask a very"}, {"start": "00:03:02", "end": "00:03:04", "text": "serious question. What should we be"}, {"start": "00:03:04", "end": "00:03:06", "text": "watching from a timeline perspective for"}, {"start": "00:03:06", "end": "00:03:08", "text": "this to happen? Additionally, we need to"}, {"start": "00:03:08", "end": "00:03:10", "text": "ask, how do PMI, quantitative"}, {"start": "00:03:10", "end": "00:03:13", "text": "tightening, the TGA, and M2 line up"}, {"start": "00:03:13", "end": "00:03:15", "text": "chronologically? I mean, there are so"}, {"start": "00:03:15", "end": "00:03:16", "text": "many moving parts here, I can't help but"}, {"start": "00:03:16", "end": "00:03:19", "text": "wonder what fires first. What happens"}, {"start": "00:03:19", "end": "00:03:22", "text": "next? What does the sequence of these"}, {"start": "00:03:22", "end": "00:03:24", "text": "things happening mean for crypto? I"}, {"start": "00:03:24", "end": "00:03:25", "text": "think we can understand the setup"}, {"start": "00:03:25", "end": "00:03:28", "text": "forming underneath the price action"}, {"start": "00:03:28", "end": "00:03:30", "text": "right now, even if price seems stagnant."}, {"start": "00:03:30", "end": "00:03:31", "text": "So, pretty quickly, let's break this"}, {"start": "00:03:31", "end": "00:03:34", "text": "down. the real liquidity engine that"}, {"start": "00:03:34", "end": "00:03:36", "text": "drives every major crypto cycle. QT,"}, {"start": "00:03:36", "end": "00:03:40", "text": "TGA, M2, crypto. In crypto, the focus is"}, {"start": "00:03:40", "end": "00:03:42", "text": "always on price or the havingss or"}, {"start": "00:03:42", "end": "00:03:45", "text": "sentiment charts that look scary in a"}, {"start": "00:03:45", "end": "00:03:47", "text": "singular moment. And I can attest to"}, {"start": "00:03:47", "end": "00:03:48", "text": "this because I've been on YouTube"}, {"start": "00:03:48", "end": "00:03:50", "text": "covering crypto for around 8 years now."}, {"start": "00:03:50", "end": "00:03:52", "text": "But recently, I realized very few"}, {"start": "00:03:52", "end": "00:03:54", "text": "people, including myself until recently,"}, {"start": "00:03:54", "end": "00:03:57", "text": "actually stop to ask the bigger"}, {"start": "00:03:57", "end": "00:03:58", "text": "question. When we think about crypto"}, {"start": "00:03:58", "end": "00:04:00", "text": "bull markets, where does the money come"}, {"start": "00:04:00", "end": "00:04:02", "text": "from? Because in reality, bull markets"}, {"start": "00:04:02", "end": "00:04:05", "text": "aren't created by memes and good vibes"}, {"start": "00:04:05", "end": "00:04:06", "text": "only. Bull markets are very simply"}, {"start": "00:04:06", "end": "00:04:08", "text": "created by liquidity. And here's the"}, {"start": "00:04:08", "end": "00:04:10", "text": "thing that's on repeat. The bull move or"}, {"start": "00:04:10", "end": "00:04:13", "text": "people becoming bullish usually comes"}, {"start": "00:04:13", "end": "00:04:15", "text": "after the liquidity shows up, not"}, {"start": "00:04:15", "end": "00:04:17", "text": "before. Hence why right now I think you"}, {"start": "00:04:17", "end": "00:04:19", "text": "see sentiment at the exact opposite of"}, {"start": "00:04:19", "end": "00:04:20", "text": "bullish. Remember, look at every"}, {"start": "00:04:20", "end": "00:04:24", "text": "explosive cycle. 2013, 2017, 2021."}, {"start": "00:04:24", "end": "00:04:25", "text": "Different narratives, different"}, {"start": "00:04:25", "end": "00:04:28", "text": "catalysts, but the same underlying fuel"}, {"start": "00:04:28", "end": "00:04:30", "text": "liquidity exploding. And right now the"}, {"start": "00:04:30", "end": "00:04:32", "text": "setup is forming again. And I want all"}, {"start": "00:04:32", "end": "00:04:34", "text": "of us to understand exactly what that"}, {"start": "00:04:34", "end": "00:04:35", "text": "setup looks like. And I really do think"}, {"start": "00:04:35", "end": "00:04:37", "text": "most people are not seeing it because"}, {"start": "00:04:37", "end": "00:04:39", "text": "they're staring at the wrong charts. A"}, {"start": "00:04:39", "end": "00:04:40", "text": "lot of people are just looking at one"}, {"start": "00:04:40", "end": "00:04:42", "text": "weekly moving average indicator and"}, {"start": "00:04:42", "end": "00:04:44", "text": "calling a bare market. So let's take a"}, {"start": "00:04:44", "end": "00:04:46", "text": "deep breath. Let's zoom out and follow"}, {"start": "00:04:46", "end": "00:04:49", "text": "the actual macro sequence. We start with"}, {"start": "00:04:49", "end": "00:04:51", "text": "quantitative tightening. The Fed"}, {"start": "00:04:51", "end": "00:04:52", "text": "shrinking its balance sheet and"}, {"start": "00:04:52", "end": "00:04:54", "text": "literally pulling liquidity out of the"}, {"start": "00:04:54", "end": "00:04:56", "text": "system. This is the phase where markets"}, {"start": "00:04:56", "end": "00:04:58", "text": "grind, they stall, they chop. And this"}, {"start": "00:04:58", "end": "00:05:00", "text": "has been happening for years."}, {"start": "00:05:00", "end": "00:05:01", "text": "Quantitative tightening, as you know, is"}, {"start": "00:05:01", "end": "00:05:03", "text": "a vacuum. And we've talked a lot about"}, {"start": "00:05:03", "end": "00:05:04", "text": "this in recent days. It destroys"}, {"start": "00:05:04", "end": "00:05:06", "text": "reserves. It tightens financial"}, {"start": "00:05:06", "end": "00:05:09", "text": "conditions. It slows credit creation. It"}, {"start": "00:05:09", "end": "00:05:11", "text": "makes risk assets feel heavy. You know"}, {"start": "00:05:11", "end": "00:05:12", "text": "exactly what I'm talking about. But"}, {"start": "00:05:12", "end": "00:05:14", "text": "here's the part that actually matters"}, {"start": "00:05:14", "end": "00:05:15", "text": "about it. Quantitative tightening ends,"}, {"start": "00:05:15", "end": "00:05:17", "text": "and it will on December 1st. The"}, {"start": "00:05:17", "end": "00:05:19", "text": "liquidity drain stops. So at that"}, {"start": "00:05:19", "end": "00:05:22", "text": "moment, really just days away, liquidity"}, {"start": "00:05:22", "end": "00:05:24", "text": "goes from negative to at the very least"}, {"start": "00:05:24", "end": "00:05:26", "text": "neutral. Now, that alone is a major"}, {"start": "00:05:26", "end": "00:05:28", "text": "shift. Now, quantitative tightening"}, {"start": "00:05:28", "end": "00:05:31", "text": "doesn't have to fully end before M2 even"}, {"start": "00:05:31", "end": "00:05:33", "text": "starts curling upwards, but QT does"}, {"start": "00:05:33", "end": "00:05:35", "text": "bottom before the real M2 expansion"}, {"start": "00:05:35", "end": "00:05:37", "text": "begins. And here's what I mean by that."}, {"start": "00:05:37", "end": "00:05:39", "text": "As QT gets closer to ending, the rate of"}, {"start": "00:05:39", "end": "00:05:41", "text": "balance sheet decline slows down. So,"}, {"start": "00:05:41", "end": "00:05:43", "text": "the weekly rolloffs get smaller. The"}, {"start": "00:05:43", "end": "00:05:45", "text": "slope starts flattening. And this is"}, {"start": "00:05:45", "end": "00:05:47", "text": "what we're going to see in coming weeks."}, {"start": "00:05:47", "end": "00:05:49", "text": "And eventually, the line goes sideways."}, {"start": "00:05:49", "end": "00:05:51", "text": "That's your QT bottom. Once that"}, {"start": "00:05:51", "end": "00:05:53", "text": "happens, we can call it post QT. And"}, {"start": "00:05:53", "end": "00:05:54", "text": "just so that you know, you can track"}, {"start": "00:05:54", "end": "00:05:56", "text": "this in real time. every Thursday at"}, {"start": "00:05:56", "end": "00:05:58", "text": "4:30 p.m. when the Fed updates the"}, {"start": "00:05:58", "end": "00:05:59", "text": "balance sheet. But here's the important"}, {"start": "00:05:59", "end": "00:06:02", "text": "nuance. M2 can begin stabilizing or"}, {"start": "00:06:02", "end": "00:06:05", "text": "inching higher even while quantitative"}, {"start": "00:06:05", "end": "00:06:07", "text": "tightening still technically is running"}, {"start": "00:06:07", "end": "00:06:09", "text": "because other liquidity forces like bank"}, {"start": "00:06:09", "end": "00:06:12", "text": "reserves, credit creation, reverse repo"}, {"start": "00:06:12", "end": "00:06:15", "text": "flows, TGA fluctuations start offsetting"}, {"start": "00:06:15", "end": "00:06:17", "text": "the drag. You can even see an early curl"}, {"start": "00:06:17", "end": "00:06:19", "text": "on the M2 right now. That's kind of the"}, {"start": "00:06:19", "end": "00:06:22", "text": "stabilization phase. expansion phase,"}, {"start": "00:06:22", "end": "00:06:24", "text": "the vertical M2 move that fuels bull"}, {"start": "00:06:24", "end": "00:06:28", "text": "markets, only happens once. QTN's, TGA"}, {"start": "00:06:28", "end": "00:06:30", "text": "spends, liquidity flips neutral to"}, {"start": "00:06:30", "end": "00:06:32", "text": "positive. Here's Reuters. Last month,"}, {"start": "00:06:32", "end": "00:06:34", "text": "the Federal Reserve on Wednesday said it"}, {"start": "00:06:34", "end": "00:06:36", "text": "is ending the draw down of its still"}, {"start": "00:06:36", "end": "00:06:39", "text": "substantial balance sheet. Beginning"}, {"start": "00:06:39", "end": "00:06:41", "text": "December 1st, it would now seek to hold"}, {"start": "00:06:41", "end": "00:06:43", "text": "steady to its stock of government bonds"}, {"start": "00:06:43", "end": "00:06:46", "text": "by rolling over maturing treasuries. And"}, {"start": "00:06:46", "end": "00:06:49", "text": "as Tim Cryptota said on X, QT has been"}, {"start": "00:06:49", "end": "00:06:51", "text": "the single biggest liquidity drain in"}, {"start": "00:06:51", "end": "00:06:52", "text": "the market. QT ending flips a massive"}, {"start": "00:06:52", "end": "00:06:55", "text": "headwind into a tailwind. This alone is"}, {"start": "00:06:55", "end": "00:06:57", "text": "enough to kickstart a new cycle. So now"}, {"start": "00:06:57", "end": "00:06:58", "text": "it's time to dive deeper. So follow me"}, {"start": "00:06:58", "end": "00:07:01", "text": "here. We move now to the TGA, Treasury"}, {"start": "00:07:01", "end": "00:07:03", "text": "General Account. And this is massively"}, {"start": "00:07:03", "end": "00:07:04", "text": "important. I've mentioned this before,"}, {"start": "00:07:04", "end": "00:07:06", "text": "but the simplest way to think of the TGA"}, {"start": "00:07:06", "end": "00:07:08", "text": "is the US government's checking account"}, {"start": "00:07:08", "end": "00:07:10", "text": "at the Fed. Every dollar the government"}, {"start": "00:07:10", "end": "00:07:12", "text": "handles flows through this account."}, {"start": "00:07:12", "end": "00:07:14", "text": "Taxes go in, government spending goes"}, {"start": "00:07:14", "end": "00:07:16", "text": "out. So, here's the key dynamic to that."}, {"start": "00:07:16", "end": "00:07:18", "text": "The TGA goes down, the government is"}, {"start": "00:07:18", "end": "00:07:21", "text": "putting liquidity back into the system."}, {"start": "00:07:21", "end": "00:07:23", "text": "They're paying bills, funding programs,"}, {"start": "00:07:23", "end": "00:07:25", "text": "and releasing money into the real"}, {"start": "00:07:25", "end": "00:07:26", "text": "economy. And when that money hits the"}, {"start": "00:07:26", "end": "00:07:28", "text": "system, bank reserves go up, deposits"}, {"start": "00:07:28", "end": "00:07:31", "text": "rise, and the early signs of M2"}, {"start": "00:07:31", "end": "00:07:33", "text": "expansion start to appear. This is"}, {"start": "00:07:33", "end": "00:07:35", "text": "exactly how 2020 worked. Remember the"}, {"start": "00:07:35", "end": "00:07:37", "text": "stimulus checks? The checks first showed"}, {"start": "00:07:37", "end": "00:07:39", "text": "up in the TGA before they even hit your"}, {"start": "00:07:39", "end": "00:07:41", "text": "mailbox. When the Treasury released that"}, {"start": "00:07:41", "end": "00:07:43", "text": "money, M2 exploded and crypto followed"}, {"start": "00:07:43", "end": "00:07:45", "text": "instantly. Really the same story in"}, {"start": "00:07:45", "end": "00:07:49", "text": "early 2021. TGA drawd down, M2"}, {"start": "00:07:49", "end": "00:07:51", "text": "expansion, crypto meltup. Just look at"}, {"start": "00:07:51", "end": "00:07:54", "text": "the 2021 TGA drawd down and look at M2"}, {"start": "00:07:54", "end": "00:07:55", "text": "going parabolic. So here's the"}, {"start": "00:07:55", "end": "00:07:56", "text": "connection you and I should pay"}, {"start": "00:07:56", "end": "00:07:58", "text": "attention to. QT ending removes the"}, {"start": "00:07:58", "end": "00:08:00", "text": "pressure while TGA outflows add the"}, {"start": "00:08:00", "end": "00:08:03", "text": "push. That's the moment macro analysts"}, {"start": "00:08:03", "end": "00:08:04", "text": "are watching right now like a hawk. As"}, {"start": "00:08:04", "end": "00:08:06", "text": "Leo Lonza recently said on X, the US"}, {"start": "00:08:06", "end": "00:08:08", "text": "just set up a massive liquidity"}, {"start": "00:08:08", "end": "00:08:11", "text": "slingshot. Shutdown pumped the TGA up by"}, {"start": "00:08:11", "end": "00:08:14", "text": "$150 billion. Stealth QT government"}, {"start": "00:08:14", "end": "00:08:17", "text": "reopened. That $150 billion gets"}, {"start": "00:08:17", "end": "00:08:19", "text": "unleashed. Fed ends QT on December 1st."}, {"start": "00:08:19", "end": "00:08:22", "text": "Another $40 billion not drained. Nearly"}, {"start": "00:08:22", "end": "00:08:24", "text": "$200 billion of liquidity is hitting"}, {"start": "00:08:24", "end": "00:08:26", "text": "markets in 6 weeks. So now we get to the"}, {"start": "00:08:26", "end": "00:08:29", "text": "next piece of the puzzle. M2, broader"}, {"start": "00:08:29", "end": "00:08:30", "text": "money supply. If you've never looked at"}, {"start": "00:08:30", "end": "00:08:32", "text": "M2 before, here's the simplest"}, {"start": "00:08:32", "end": "00:08:34", "text": "explanation. M2 is the total amount of"}, {"start": "00:08:34", "end": "00:08:36", "text": "usable money in the system. And I'm not"}, {"start": "00:08:36", "end": "00:08:37", "text": "just talking about printed money. I'm"}, {"start": "00:08:37", "end": "00:08:39", "text": "talking about usable money. It includes"}, {"start": "00:08:39", "end": "00:08:41", "text": "cash, checking deposits, saving"}, {"start": "00:08:41", "end": "00:08:43", "text": "deposits, money market deposits, and"}, {"start": "00:08:43", "end": "00:08:45", "text": "yes, that literally includes your"}, {"start": "00:08:45", "end": "00:08:46", "text": "checking account, your savings account,"}, {"start": "00:08:46", "end": "00:08:48", "text": "and pretty much the combined balances of"}, {"start": "00:08:48", "end": "00:08:50", "text": "everyone watching this video right now."}, {"start": "00:08:50", "end": "00:08:52", "text": "That's exactly why M2 matters. It's not"}, {"start": "00:08:52", "end": "00:08:54", "text": "abstract. It's the real money that"}, {"start": "00:08:54", "end": "00:08:56", "text": "households and businesses can actually"}, {"start": "00:08:56", "end": "00:08:58", "text": "use. When M2 contracts, the usable money"}, {"start": "00:08:58", "end": "00:09:00", "text": "tightens. Everything feels heavy."}, {"start": "00:09:00", "end": "00:09:02", "text": "Basically, how it's felt for years now."}, {"start": "00:09:02", "end": "00:09:04", "text": "And again, you know exactly what I mean."}, {"start": "00:09:04", "end": "00:09:05", "text": "We just lived through the first M2"}, {"start": "00:09:05", "end": "00:09:07", "text": "contraction since the Great Depression."}, {"start": "00:09:07", "end": "00:09:08", "text": "That's how severe the tightening has"}, {"start": "00:09:08", "end": "00:09:10", "text": "been. But look where we are now. M2 is"}, {"start": "00:09:10", "end": "00:09:13", "text": "not falling. It's stabilizing and it's"}, {"start": "00:09:13", "end": "00:09:14", "text": "waiting for the liquidity engine to"}, {"start": "00:09:14", "end": "00:09:17", "text": "shift from reverse to drive. People"}, {"start": "00:09:17", "end": "00:09:19", "text": "forget crypto didn't explode in 2020"}, {"start": "00:09:19", "end": "00:09:21", "text": "because of the Bitcoin having it"}, {"start": "00:09:21", "end": "00:09:23", "text": "exploded because this M2 chart went"}, {"start": "00:09:23", "end": "00:09:25", "text": "vertical. And though different times and"}, {"start": "00:09:25", "end": "00:09:27", "text": "in a different manner, the same sequence"}, {"start": "00:09:27", "end": "00:09:29", "text": "is forming again. Quantitative"}, {"start": "00:09:29", "end": "00:09:32", "text": "tightening ends, Treasury spends, M2"}, {"start": "00:09:32", "end": "00:09:34", "text": "turns, liquidity ramps, crypto"}, {"start": "00:09:34", "end": "00:09:36", "text": "accelerates. It's not random. It's not"}, {"start": "00:09:36", "end": "00:09:38", "text": "because of a four-year cycle. It's the"}, {"start": "00:09:38", "end": "00:09:40", "text": "business cycle. This has been a long"}, {"start": "00:09:40", "end": "00:09:42", "text": "time coming. As economists reported in"}, {"start": "00:09:42", "end": "00:09:44", "text": "June, the US money supply is rising"}, {"start": "00:09:44", "end": "00:09:48", "text": "again. M2 climbed to a record 22.02"}, {"start": "00:09:48", "end": "00:09:51", "text": "trillion, marking a 4.5% year-over-year"}, {"start": "00:09:51", "end": "00:09:53", "text": "increase following a period of monetary"}, {"start": "00:09:53", "end": "00:09:55", "text": "contraction and tight policy. The"}, {"start": "00:09:55", "end": "00:09:57", "text": "renewed growth in M2 marks a clear shift"}, {"start": "00:09:57", "end": "00:09:58", "text": "away from tightening and toward"}, {"start": "00:09:58", "end": "00:10:00", "text": "expansion. And now here we are,"}, {"start": "00:10:00", "end": "00:10:01", "text": "quantitative tightening finally getting"}, {"start": "00:10:01", "end": "00:10:03", "text": "ready to come to an end. Pretty recently"}, {"start": "00:10:03", "end": "00:10:05", "text": "on X. Here's Shanaka. Liquidity remains"}, {"start": "00:10:05", "end": "00:10:08", "text": "the universal solvent. When it expands,"}, {"start": "00:10:08", "end": "00:10:10", "text": "correlations converge upward. We are"}, {"start": "00:10:10", "end": "00:10:12", "text": "exiting constriction and entering flood."}, {"start": "00:10:12", "end": "00:10:14", "text": "So here is the full order, clean and"}, {"start": "00:10:14", "end": "00:10:17", "text": "simple. First QT ends. The system stops"}, {"start": "00:10:17", "end": "00:10:19", "text": "draining. Liquidity moves from negative"}, {"start": "00:10:19", "end": "00:10:21", "text": "after years to neutral. Next, TGA draws"}, {"start": "00:10:21", "end": "00:10:23", "text": "down. Treasury spending pushes liquidity"}, {"start": "00:10:23", "end": "00:10:26", "text": "neutral to positive. Then M2 money"}, {"start": "00:10:26", "end": "00:10:27", "text": "supply starts increasing again. Risk"}, {"start": "00:10:27", "end": "00:10:29", "text": "assets start catching some air flow. And"}, {"start": "00:10:29", "end": "00:10:32", "text": "finally, PMI flips. The business cycle"}, {"start": "00:10:32", "end": "00:10:34", "text": "swings from contraction to expansion."}, {"start": "00:10:34", "end": "00:10:36", "text": "And so hypothetically, because there are"}, {"start": "00:10:36", "end": "00:10:38", "text": "no guarantees here, risk assets like"}, {"start": "00:10:38", "end": "00:10:40", "text": "crypto explode. That is the real macro"}, {"start": "00:10:40", "end": "00:10:42", "text": "timeline. It goes way deeper than a MACD"}, {"start": "00:10:42", "end": "00:10:44", "text": "momentum oscillator or a weekly moving"}, {"start": "00:10:44", "end": "00:10:46", "text": "average. It is much more meaningful than"}, {"start": "00:10:46", "end": "00:10:49", "text": "a 4-year cycle. This is the real cycle"}, {"start": "00:10:49", "end": "00:10:50", "text": "liquidity. So, if you're watching the"}, {"start": "00:10:50", "end": "00:10:51", "text": "charts right now and you're kind of"}, {"start": "00:10:51", "end": "00:10:54", "text": "wondering why price feels so confusing,"}, {"start": "00:10:54", "end": "00:10:56", "text": "why sentiment looks so terribly bearish"}, {"start": "00:10:56", "end": "00:10:58", "text": "or why people are still talking like"}, {"start": "00:10:58", "end": "00:11:00", "text": "we're in a downtrend that will not stop"}, {"start": "00:11:00", "end": "00:11:03", "text": "ever, just remember that price follows"}, {"start": "00:11:03", "end": "00:11:04", "text": "liquidity and liquidity right now in the"}, {"start": "00:11:04", "end": "00:11:06", "text": "macro is turning. Quantitative"}, {"start": "00:11:06", "end": "00:11:08", "text": "tightening about to come to an end. The"}, {"start": "00:11:08", "end": "00:11:11", "text": "TGA is poised to start falling. M2 has"}, {"start": "00:11:11", "end": "00:11:14", "text": "stabilized. PMI has bottomed out for"}, {"start": "00:11:14", "end": "00:11:16", "text": "years and is getting ready to expand. I"}, {"start": "00:11:16", "end": "00:11:17", "text": "say again, there are no guarantees, but"}, {"start": "00:11:17", "end": "00:11:19", "text": "the entire engine is lining up pretty"}, {"start": "00:11:19", "end": "00:11:21", "text": "nicely. And if and when these things"}, {"start": "00:11:21", "end": "00:11:23", "text": "start firing in the same direction, the"}, {"start": "00:11:23", "end": "00:11:25", "text": "market does not wait for sentiment. It"}, {"start": "00:11:25", "end": "00:11:27", "text": "doesn't wait for confirmation. It just"}, {"start": "00:11:27", "end": "00:11:28", "text": "moves. If you found this content helpful"}, {"start": "00:11:28", "end": "00:11:30", "text": "or useful, please consider giving it a"}, {"start": "00:11:30", "end": "00:11:32", "text": "like, hit the subscribe on the way out."}, {"start": "00:11:32", "end": "00:11:33", "text": "And again, if you're not in our"}, {"start": "00:11:33", "end": "00:11:34", "text": "intelligence system, please click the"}, {"start": "00:11:34", "end": "00:11:36", "text": "link below in the pinned comment, get"}, {"start": "00:11:36", "end": "00:11:38", "text": "back there with a free trial, and start"}, {"start": "00:11:38", "end": "00:11:40", "text": "using our risk models to start planning"}, {"start": "00:11:40", "end": "00:11:42", "text": "as a macro investor based on risk, not"}, {"start": "00:11:42", "end": "00:11:44", "text": "emotion. I'll see you all in the next"}, {"start": "00:11:44", "end": "00:11:47", "text": "video. Have a good day and God bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "As crypto continues to consolidate, dip,"}, {"start": "00:00:02", "end": "00:00:04", "text": "or even crash, many people are calling"}, {"start": "00:00:04", "end": "00:00:05", "text": "for the beginning of a bare market"}, {"start": "00:00:05", "end": "00:00:09", "text": "simply because the 4-year cycle says so."}, {"start": "00:00:09", "end": "00:00:10", "text": "But here's the problem. The four-year"}, {"start": "00:00:10", "end": "00:00:12", "text": "cycle might be one of the most"}, {"start": "00:00:12", "end": "00:00:14", "text": "misunderstood, misguided, and most"}, {"start": "00:00:14", "end": "00:00:16", "text": "misleading data points in all of crypto."}, {"start": "00:00:16", "end": "00:00:18", "text": "If you don't understand what it actually"}, {"start": "00:00:18", "end": "00:00:21", "text": "represents and what it doesn't"}, {"start": "00:00:21", "end": "00:00:23", "text": "represent, you risk completely"}, {"start": "00:00:23", "end": "00:00:25", "text": "misreading where we are in the bigger"}, {"start": "00:00:25", "end": "00:00:27", "text": "picture. And right now in this moment,"}, {"start": "00:00:27", "end": "00:00:28", "text": "it is the worst possible time to"}, {"start": "00:00:28", "end": "00:00:30", "text": "misunderstand the data. And I know that"}, {"start": "00:00:30", "end": "00:00:32", "text": "sounds very dramatic, but when you zoom"}, {"start": "00:00:32", "end": "00:00:35", "text": "out far enough, it becomes very obvious"}, {"start": "00:00:35", "end": "00:00:37", "text": "what is happening right now at this"}, {"start": "00:00:37", "end": "00:00:39", "text": "moment of the cycle. And it is this."}, {"start": "00:00:39", "end": "00:00:41", "text": "We're not in a havingdriven market"}, {"start": "00:00:41", "end": "00:00:43", "text": "anymore. And we might have never been in"}, {"start": "00:00:43", "end": "00:00:45", "text": "one. We are in a liquidity driven"}, {"start": "00:00:45", "end": "00:00:48", "text": "market. And liquidity has been dry for"}, {"start": "00:00:48", "end": "00:00:50", "text": "years. And the moment you realize that,"}, {"start": "00:00:50", "end": "00:00:51", "text": "everything about how you think about"}, {"start": "00:00:51", "end": "00:00:54", "text": "Bitcoin, altcoins, and the current run"}, {"start": "00:00:54", "end": "00:00:55", "text": "changes completely. So, hit the"}, {"start": "00:00:55", "end": "00:00:56", "text": "subscribe on the way in. And as we dive"}, {"start": "00:00:56", "end": "00:00:58", "text": "into this data and you want to make sure"}, {"start": "00:00:58", "end": "00:01:00", "text": "that you are positioned well for the"}, {"start": "00:01:00", "end": "00:01:01", "text": "current crypto cycle, click the link in"}, {"start": "00:01:01", "end": "00:01:03", "text": "the pin comment below and get into our"}, {"start": "00:01:03", "end": "00:01:05", "text": "free trial of the CCV intelligence"}, {"start": "00:01:05", "end": "00:01:07", "text": "system. We have our proprietary risk"}, {"start": "00:01:07", "end": "00:01:09", "text": "models that help you accumulate when"}, {"start": "00:01:09", "end": "00:01:11", "text": "risk is low and take profits when risk"}, {"start": "00:01:11", "end": "00:01:13", "text": "is high without emotion. And some of the"}, {"start": "00:01:13", "end": "00:01:15", "text": "risk scores right now are pretty"}, {"start": "00:01:15", "end": "00:01:17", "text": "incredible to see. So, let me get"}, {"start": "00:01:17", "end": "00:01:18", "text": "something straight right from the start"}, {"start": "00:01:18", "end": "00:01:19", "text": "of this video. The four-year cycle"}, {"start": "00:01:19", "end": "00:01:21", "text": "didn't just end. It might have actually"}, {"start": "00:01:21", "end": "00:01:23", "text": "never existed. Through the years and"}, {"start": "00:01:23", "end": "00:01:24", "text": "through the cycles, it has looked real."}, {"start": "00:01:24", "end": "00:01:27", "text": "It has felt real. And at the surface, it"}, {"start": "00:01:27", "end": "00:01:29", "text": "makes complete sense. Now, before I"}, {"start": "00:01:29", "end": "00:01:31", "text": "explain why I think the Bitcoin 4-year"}, {"start": "00:01:31", "end": "00:01:33", "text": "cycle theory is irrelevant, I want to"}, {"start": "00:01:33", "end": "00:01:34", "text": "show you something very important on the"}, {"start": "00:01:34", "end": "00:01:37", "text": "Bitcoin chart on the weekly. In 2014, we"}, {"start": "00:01:37", "end": "00:01:38", "text": "have the 20week moving average cross"}, {"start": "00:01:38", "end": "00:01:41", "text": "below the 50week moving average. From"}, {"start": "00:01:41", "end": "00:01:44", "text": "that moment, it was around 161 days to"}, {"start": "00:01:44", "end": "00:01:46", "text": "the bottom. And in the next cycle when"}, {"start": "00:01:46", "end": "00:01:48", "text": "that same exact move happened, the 20we"}, {"start": "00:01:48", "end": "00:01:50", "text": "below the 50week moving average, it was"}, {"start": "00:01:50", "end": "00:01:53", "text": "around 161 days to the bottom. And last"}, {"start": "00:01:53", "end": "00:01:55", "text": "cycle when the 20week moving average"}, {"start": "00:01:55", "end": "00:01:57", "text": "crossed below the 50we moving average,"}, {"start": "00:01:57", "end": "00:01:59", "text": "it was 238 days to the bottom. Right"}, {"start": "00:01:59", "end": "00:02:01", "text": "now, the 20week moving average, the"}, {"start": "00:02:01", "end": "00:02:03", "text": "green line, has not even fallen below"}, {"start": "00:02:03", "end": "00:02:05", "text": "the 50week moving average. That move"}, {"start": "00:02:05", "end": "00:02:06", "text": "would still need to happen. So let's"}, {"start": "00:02:06", "end": "00:02:09", "text": "suppose that it happens in maybe a month"}, {"start": "00:02:09", "end": "00:02:11", "text": "or two and Bitcoin falls for around"}, {"start": "00:02:11", "end": "00:02:14", "text": "let's just say 150 days to look at"}, {"start": "00:02:14", "end": "00:02:15", "text": "previous cycles and take a similar type"}, {"start": "00:02:15", "end": "00:02:17", "text": "of bare market move. That would still be"}, {"start": "00:02:17", "end": "00:02:19", "text": "around 200 total days of downside for"}, {"start": "00:02:19", "end": "00:02:21", "text": "Bitcoin to fall into a bare market right"}, {"start": "00:02:21", "end": "00:02:23", "text": "now. Now let me illustrate right from"}, {"start": "00:02:23", "end": "00:02:25", "text": "the beginning of this video why I do not"}, {"start": "00:02:25", "end": "00:02:26", "text": "think that is going to happen. And this"}, {"start": "00:02:26", "end": "00:02:28", "text": "will be everything we talk about in"}, {"start": "00:02:28", "end": "00:02:29", "text": "today's video. That green line that you"}, {"start": "00:02:29", "end": "00:02:31", "text": "see there across the screen is the"}, {"start": "00:02:31", "end": "00:02:33", "text": "business cycle, the PMI. Notice in this"}, {"start": "00:02:33", "end": "00:02:36", "text": "2014 bare market the PMI was falling."}, {"start": "00:02:36", "end": "00:02:39", "text": "Notice in the 2018 bare market the PMI"}, {"start": "00:02:39", "end": "00:02:41", "text": "was falling. Notice in last cycle's bare"}, {"start": "00:02:41", "end": "00:02:42", "text": "market the PMI was falling and it's been"}, {"start": "00:02:42", "end": "00:02:45", "text": "contracting ever since. Record-breaking."}, {"start": "00:02:45", "end": "00:02:46", "text": "But now we are getting hints with"}, {"start": "00:02:46", "end": "00:02:48", "text": "quantitative tightening coming to an end"}, {"start": "00:02:48", "end": "00:02:51", "text": "that this business cycle this PMI is"}, {"start": "00:02:51", "end": "00:02:52", "text": "going to start expanding. And that is"}, {"start": "00:02:52", "end": "00:02:54", "text": "what bull markets are made of. But this"}, {"start": "00:02:54", "end": "00:02:56", "text": "is also why I do not think we're"}, {"start": "00:02:56", "end": "00:02:57", "text": "entering a bare market. When you zoom"}, {"start": "00:02:57", "end": "00:02:59", "text": "out and overlay crypto with the real"}, {"start": "00:02:59", "end": "00:03:02", "text": "macro drivers like liquidity cycles, PMI"}, {"start": "00:03:02", "end": "00:03:04", "text": "expansion, and the Fed's balance sheet"}, {"start": "00:03:04", "end": "00:03:06", "text": "and their approach to monetary policy,"}, {"start": "00:03:06", "end": "00:03:08", "text": "the pattern becomes unmistakable. Up to"}, {"start": "00:03:08", "end": "00:03:09", "text": "this moment, what people have called the"}, {"start": "00:03:09", "end": "00:03:12", "text": "4-year cycle was really just the timing"}, {"start": "00:03:12", "end": "00:03:15", "text": "of global liquidity expansions lining up"}, {"start": "00:03:15", "end": "00:03:17", "text": "with Bitcoin havingings by an insane"}, {"start": "00:03:17", "end": "00:03:19", "text": "coincidence. Just look at the history."}, {"start": "00:03:19", "end": "00:03:23", "text": "2013 liquidity expansion. 2017 liquidity"}, {"start": "00:03:23", "end": "00:03:27", "text": "expansion. 2020 to 21 massive liquidity"}, {"start": "00:03:27", "end": "00:03:29", "text": "expansion. Each one lined up with a"}, {"start": "00:03:29", "end": "00:03:30", "text": "having. But the having wasn't the"}, {"start": "00:03:30", "end": "00:03:33", "text": "driver. It was liquidity. It was PMI"}, {"start": "00:03:33", "end": "00:03:35", "text": "turning up. It was the business cycle."}, {"start": "00:03:35", "end": "00:03:37", "text": "So what has happened over the years and"}, {"start": "00:03:37", "end": "00:03:39", "text": "over the cycles is this. The Bitcoin"}, {"start": "00:03:39", "end": "00:03:42", "text": "having has become this mascot. But the"}, {"start": "00:03:42", "end": "00:03:44", "text": "entire time liquidity was the machinery"}, {"start": "00:03:44", "end": "00:03:46", "text": "behind the scenes that was really"}, {"start": "00:03:46", "end": "00:03:48", "text": "pumping things. Now I want to make a"}, {"start": "00:03:48", "end": "00:03:49", "text": "very important note. I'm not saying that"}, {"start": "00:03:49", "end": "00:03:51", "text": "the Bitcoin havingss and everything"}, {"start": "00:03:51", "end": "00:03:53", "text": "therein doesn't matter. It absolutely"}, {"start": "00:03:53", "end": "00:03:55", "text": "does. The supply shock is real and it's"}, {"start": "00:03:55", "end": "00:03:58", "text": "a core part of Bitcoin's long-term price"}, {"start": "00:03:58", "end": "00:04:00", "text": "appreciation. But the having isn't the"}, {"start": "00:04:00", "end": "00:04:02", "text": "ingredient that creates bull markets and"}, {"start": "00:04:02", "end": "00:04:04", "text": "bare markets. It's just one fundamental"}, {"start": "00:04:04", "end": "00:04:07", "text": "tailwind inside a much larger liquidity"}, {"start": "00:04:07", "end": "00:04:09", "text": "cycle. So, it's not like this 4-year"}, {"start": "00:04:09", "end": "00:04:11", "text": "cycle theory broke. It's that the"}, {"start": "00:04:11", "end": "00:04:13", "text": "illusion is ending because liquidity"}, {"start": "00:04:13", "end": "00:04:16", "text": "timing finally diverged from having"}, {"start": "00:04:16", "end": "00:04:18", "text": "timing. Hence this crazy extended"}, {"start": "00:04:18", "end": "00:04:19", "text": "business cycle contraction that we're"}, {"start": "00:04:19", "end": "00:04:21", "text": "stuck in for years right now. It's"}, {"start": "00:04:21", "end": "00:04:23", "text": "record-breaking now. Right now, as we"}, {"start": "00:04:23", "end": "00:04:25", "text": "realize this, something very important"}, {"start": "00:04:25", "end": "00:04:27", "text": "is happening. As institutions are now"}, {"start": "00:04:27", "end": "00:04:29", "text": "entering, the fundamentals are changing"}, {"start": "00:04:29", "end": "00:04:31", "text": "fast. Crypto as a whole is now behaving"}, {"start": "00:04:31", "end": "00:04:33", "text": "like an asset class, not a retail"}, {"start": "00:04:33", "end": "00:04:35", "text": "experiment. Today, ETFs exist with many"}, {"start": "00:04:35", "end": "00:04:37", "text": "altcoin ETFs lined up right now for"}, {"start": "00:04:37", "end": "00:04:39", "text": "approval. Bitcoin trades like a macro"}, {"start": "00:04:39", "end": "00:04:41", "text": "asset. All coins very clearly follow"}, {"start": "00:04:41", "end": "00:04:44", "text": "liquidity cycles, not havingss. Flows"}, {"start": "00:04:44", "end": "00:04:46", "text": "are algorithmic. They're not emotional."}, {"start": "00:04:46", "end": "00:04:48", "text": "Global liquidity drives everything now."}, {"start": "00:04:48", "end": "00:04:50", "text": "And this isn't just my view. As"}, {"start": "00:04:50", "end": "00:04:52", "text": "Wilburforce over here on X says, the"}, {"start": "00:04:52", "end": "00:04:54", "text": "difference between this cycle and the"}, {"start": "00:04:54", "end": "00:04:55", "text": "previous ones is the rise of"}, {"start": "00:04:55", "end": "00:04:57", "text": "institutional control. This is why the"}, {"start": "00:04:57", "end": "00:04:59", "text": "traditional four-year cycle may now"}, {"start": "00:04:59", "end": "00:05:01", "text": "stretch into 5 years. He also said this,"}, {"start": "00:05:01", "end": "00:05:04", "text": "these boring phases are usually when"}, {"start": "00:05:04", "end": "00:05:06", "text": "people sell right before the breakout."}, {"start": "00:05:06", "end": "00:05:07", "text": "And that's exactly where the market is"}, {"start": "00:05:07", "end": "00:05:09", "text": "right now. Every major crypto rally"}, {"start": "00:05:09", "end": "00:05:13", "text": "2013, 2017, 2020 aligned with global"}, {"start": "00:05:13", "end": "00:05:15", "text": "liquidity expansions. Every stagnation"}, {"start": "00:05:15", "end": "00:05:17", "text": "or crash aligned with liquidity"}, {"start": "00:05:17", "end": "00:05:19", "text": "tightening. The having didn't drive the"}, {"start": "00:05:19", "end": "00:05:21", "text": "market. Liquidity did. So that's the new"}, {"start": "00:05:21", "end": "00:05:23", "text": "reality. Liquidity isn't just flowing"}, {"start": "00:05:23", "end": "00:05:25", "text": "into crypto anymore. It's also flowing"}, {"start": "00:05:25", "end": "00:05:28", "text": "into AI, into equities, into tech. You"}, {"start": "00:05:28", "end": "00:05:31", "text": "and I in this crypto game are playing in"}, {"start": "00:05:31", "end": "00:05:33", "text": "a way bigger arena right now. And this"}, {"start": "00:05:33", "end": "00:05:35", "text": "leads us to a very important point."}, {"start": "00:05:35", "end": "00:05:36", "text": "Quantitative tightening is ending. This"}, {"start": "00:05:36", "end": "00:05:39", "text": "is the second time in financial history"}, {"start": "00:05:39", "end": "00:05:40", "text": "that QT is ending. As you might know,"}, {"start": "00:05:40", "end": "00:05:43", "text": "the last time was September 2019, and"}, {"start": "00:05:43", "end": "00:05:45", "text": "everything was about to go vertical"}, {"start": "00:05:45", "end": "00:05:47", "text": "before COVID interrupted the entire bull"}, {"start": "00:05:47", "end": "00:05:49", "text": "market playbook. So, right now, as I"}, {"start": "00:05:49", "end": "00:05:51", "text": "record this video, we are hitting that"}, {"start": "00:05:51", "end": "00:05:52", "text": "same inflection point again, but with a"}, {"start": "00:05:52", "end": "00:05:55", "text": "larger, more mature crypto ecosystem."}, {"start": "00:05:55", "end": "00:05:57", "text": "Leo Lonza over on X said, \"The critical"}, {"start": "00:05:57", "end": "00:05:59", "text": "insight. We have never entered a bare"}, {"start": "00:05:59", "end": "00:06:01", "text": "market during a liquidity expansion"}, {"start": "00:06:01", "end": "00:06:03", "text": "phase. This isn't about COVID level"}, {"start": "00:06:03", "end": "00:06:05", "text": "stimulus. It's about the directional"}, {"start": "00:06:05", "end": "00:06:07", "text": "shift from tightening to easing. Think"}, {"start": "00:06:07", "end": "00:06:09", "text": "about that. We are about to go into"}, {"start": "00:06:09", "end": "00:06:12", "text": "liquidity expansion and Leo is saying"}, {"start": "00:06:12", "end": "00:06:14", "text": "we've never entered a bare market as we"}, {"start": "00:06:14", "end": "00:06:16", "text": "are going into liquidity expansion."}, {"start": "00:06:16", "end": "00:06:18", "text": "That's the key. So ask yourself which"}, {"start": "00:06:18", "end": "00:06:21", "text": "direction is liquidity about to head"}, {"start": "00:06:21", "end": "00:06:23", "text": "contraction or expansion. The moment QT"}, {"start": "00:06:23", "end": "00:06:25", "text": "stops, liquidity stops draining. Then it"}, {"start": "00:06:25", "end": "00:06:27", "text": "starts expanding and that's the moment"}, {"start": "00:06:27", "end": "00:06:29", "text": "markets repric. The PMI right now is one"}, {"start": "00:06:29", "end": "00:06:31", "text": "of the strongest indicators in my macro"}, {"start": "00:06:31", "end": "00:06:33", "text": "framework. When PMI bottoms and cycles"}, {"start": "00:06:33", "end": "00:06:35", "text": "upward, risk assets explode. So ask"}, {"start": "00:06:35", "end": "00:06:36", "text": "yourself right now, what is happening?"}, {"start": "00:06:36", "end": "00:06:38", "text": "PMI has been bottoming for years. PMI is"}, {"start": "00:06:38", "end": "00:06:41", "text": "about to turn up. QT is ending."}, {"start": "00:06:41", "end": "00:06:43", "text": "Liquidity right now is sitting at an"}, {"start": "00:06:43", "end": "00:06:45", "text": "inflection point. So why would the"}, {"start": "00:06:45", "end": "00:06:46", "text": "market still follow a fixed 4-year"}, {"start": "00:06:46", "end": "00:06:48", "text": "having cycle when the entire macro"}, {"start": "00:06:48", "end": "00:06:51", "text": "environment moves in these very large"}, {"start": "00:06:51", "end": "00:06:53", "text": "liquidity cycles? The timeline shifted."}, {"start": "00:06:53", "end": "00:06:56", "text": "The having clock is irrelevant. The"}, {"start": "00:06:56", "end": "00:06:58", "text": "liquidity clock drives the cycle now."}, {"start": "00:06:58", "end": "00:06:59", "text": "And I think it's very clear all coins"}, {"start": "00:06:59", "end": "00:07:01", "text": "have officially broken away from the"}, {"start": "00:07:01", "end": "00:07:03", "text": "Bitcoin having. All coins are no longer"}, {"start": "00:07:03", "end": "00:07:05", "text": "tied to the having at all. Allcoin"}, {"start": "00:07:05", "end": "00:07:07", "text": "cycles will now be driven by ETF demand,"}, {"start": "00:07:07", "end": "00:07:09", "text": "institutional rotations, onchain"}, {"start": "00:07:09", "end": "00:07:11", "text": "activity, different sector narratives,"}, {"start": "00:07:11", "end": "00:07:14", "text": "memecoins, DeFi, etc. Liquidity flows,"}, {"start": "00:07:14", "end": "00:07:16", "text": "AI adoption, L2 growth, and"}, {"start": "00:07:16", "end": "00:07:18", "text": "interoperability cycles, Ethereum,"}, {"start": "00:07:18", "end": "00:07:21", "text": "Salana, Cardano, AVAC, anything. None of"}, {"start": "00:07:21", "end": "00:07:23", "text": "them move on a Bitcoin having clock"}, {"start": "00:07:23", "end": "00:07:26", "text": "anymore. This isn't 2013. It isn't 2017."}, {"start": "00:07:26", "end": "00:07:28", "text": "It isn't even 2021. We are in a brand"}, {"start": "00:07:28", "end": "00:07:30", "text": "new game. It is an entirely different"}, {"start": "00:07:30", "end": "00:07:32", "text": "market. So, what replaces the four-year"}, {"start": "00:07:32", "end": "00:07:35", "text": "cycle? What exactly is happening? We are"}, {"start": "00:07:35", "end": "00:07:36", "text": "entering the first true liquidity cycle"}, {"start": "00:07:36", "end": "00:07:39", "text": "of the crypto era. Not a Bitcoin cycle,"}, {"start": "00:07:39", "end": "00:07:41", "text": "not a having cycle, not a four-year"}, {"start": "00:07:41", "end": "00:07:43", "text": "pattern. It's a global liquidity cycle"}, {"start": "00:07:43", "end": "00:07:44", "text": "driven by the Fed balance sheet"}, {"start": "00:07:44", "end": "00:07:47", "text": "inflections, Treasury cash flows, bond"}, {"start": "00:07:47", "end": "00:07:50", "text": "issuance cycles, repo market stress, PMI"}, {"start": "00:07:50", "end": "00:07:52", "text": "reversals, even China and Japan"}, {"start": "00:07:52", "end": "00:07:54", "text": "liquidity, ETF flows, institutional"}, {"start": "00:07:54", "end": "00:07:57", "text": "rebalancing, crosset liquidity"}, {"start": "00:07:57", "end": "00:07:59", "text": "correlations, everything. Brand new"}, {"start": "00:07:59", "end": "00:08:01", "text": "territory. This is the new cycle. And if"}, {"start": "00:08:01", "end": "00:08:02", "text": "you really think about it, crypto is now"}, {"start": "00:08:02", "end": "00:08:04", "text": "inside the global liquidity engine, not"}, {"start": "00:08:04", "end": "00:08:06", "text": "isolated from it. So if you're out there"}, {"start": "00:08:06", "end": "00:08:08", "text": "and you're waiting for a 4-year cycle, I"}, {"start": "00:08:08", "end": "00:08:09", "text": "think you might be waiting for nothing."}, {"start": "00:08:09", "end": "00:08:12", "text": "So what now? The cycle is tied to global"}, {"start": "00:08:12", "end": "00:08:14", "text": "liquidity, not the having. Hunter Horley"}, {"start": "00:08:14", "end": "00:08:15", "text": "described the psychological part of"}, {"start": "00:08:15", "end": "00:08:17", "text": "this. People believe in four-year"}, {"start": "00:08:17", "end": "00:08:20", "text": "cycles, so they sell in 20125 expecting"}, {"start": "00:08:20", "end": "00:08:23", "text": "a down year. Those sellers cause 2025 to"}, {"start": "00:08:23", "end": "00:08:25", "text": "be a down year. And that breaks the"}, {"start": "00:08:25", "end": "00:08:27", "text": "cycle entirely. And that's a great point"}, {"start": "00:08:27", "end": "00:08:28", "text": "because with a contraction of the"}, {"start": "00:08:28", "end": "00:08:31", "text": "current business cycle for years now, we"}, {"start": "00:08:31", "end": "00:08:33", "text": "do have that mental element where people"}, {"start": "00:08:33", "end": "00:08:35", "text": "are selling because they think that the"}, {"start": "00:08:35", "end": "00:08:37", "text": "bare market is starting and what they"}, {"start": "00:08:37", "end": "00:08:40", "text": "think becomes behavior. Behavior becomes"}, {"start": "00:08:40", "end": "00:08:42", "text": "market structure and market structure"}, {"start": "00:08:42", "end": "00:08:45", "text": "just happens to become the new cycle. No"}, {"start": "00:08:45", "end": "00:08:47", "text": "matter how you spin the charts, the"}, {"start": "00:08:47", "end": "00:08:49", "text": "having clock is no longer the driver."}, {"start": "00:08:49", "end": "00:08:51", "text": "Liquidity is and most people still"}, {"start": "00:08:51", "end": "00:08:53", "text": "haven't realized that the game has"}, {"start": "00:08:53", "end": "00:08:55", "text": "changed completely. So, as all this data"}, {"start": "00:08:55", "end": "00:08:57", "text": "presents itself to us, Bitcoin for your"}, {"start": "00:08:57", "end": "00:09:00", "text": "cycle theory versus the PMI business"}, {"start": "00:09:00", "end": "00:09:02", "text": "cycle, liquidity cycles, I guess the"}, {"start": "00:09:02", "end": "00:09:05", "text": "question we all have to ask ourselves is"}, {"start": "00:09:05", "end": "00:09:07", "text": "what makes more sense and what is the"}, {"start": "00:09:07", "end": "00:09:09", "text": "less emotional data point? And then from"}, {"start": "00:09:09", "end": "00:09:11", "text": "there, we just have to manage our risk"}, {"start": "00:09:11", "end": "00:09:12", "text": "properly, whether you're selling or"}, {"start": "00:09:12", "end": "00:09:14", "text": "buying. If you found this video helpful"}, {"start": "00:09:14", "end": "00:09:15", "text": "or enjoyed the content, please hit the"}, {"start": "00:09:15", "end": "00:09:17", "text": "subscribe. And if you're a macro"}, {"start": "00:09:17", "end": "00:09:18", "text": "investor and you want to make macro"}, {"start": "00:09:18", "end": "00:09:20", "text": "decisions on the long term based off of"}, {"start": "00:09:20", "end": "00:09:23", "text": "risk and data and not emotion, hit the"}, {"start": "00:09:23", "end": "00:09:24", "text": "link below and get your free trial for"}, {"start": "00:09:24", "end": "00:09:26", "text": "the Crypto Capital Venture Intelligence"}, {"start": "00:09:26", "end": "00:09:28", "text": "System where we have all of our risk"}, {"start": "00:09:28", "end": "00:09:30", "text": "models back there, our exit planners,"}, {"start": "00:09:30", "end": "00:09:32", "text": "you can make unemotional decisions. I"}, {"start": "00:09:32", "end": "00:09:33", "text": "appreciate you watching. I will see you"}, {"start": "00:09:33", "end": "00:09:37", "text": "all in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "You're either a bull or a bear right"}, {"start": "00:00:02", "end": "00:00:04", "text": "now, and that's fine. But this is the"}, {"start": "00:00:04", "end": "00:00:06", "text": "PMI chart. This is a business cycle"}, {"start": "00:00:06", "end": "00:00:08", "text": "chart. I want to discuss it in this"}, {"start": "00:00:08", "end": "00:00:10", "text": "video. I'm not going to bet against what"}, {"start": "00:00:10", "end": "00:00:13", "text": "this chart is saying. After years of"}, {"start": "00:00:13", "end": "00:00:14", "text": "consolidation, I want to start the video"}, {"start": "00:00:14", "end": "00:00:16", "text": "by showing you something. I saw this"}, {"start": "00:00:16", "end": "00:00:18", "text": "post. Bearish deviation confirmed on the"}, {"start": "00:00:18", "end": "00:00:20", "text": "average sentiment oscillator. Every time"}, {"start": "00:00:20", "end": "00:00:21", "text": "the signal appeared, a major top was"}, {"start": "00:00:21", "end": "00:00:23", "text": "already in. This chart is very"}, {"start": "00:00:23", "end": "00:00:24", "text": "convincing, especially when you start"}, {"start": "00:00:24", "end": "00:00:27", "text": "thinking of things like four-year cycle"}, {"start": "00:00:27", "end": "00:00:30", "text": "theory. the Bitcoin four-year cycle, we"}, {"start": "00:00:30", "end": "00:00:32", "text": "are right on time for that to end and"}, {"start": "00:00:32", "end": "00:00:34", "text": "for us to fall into a bare market. And"}, {"start": "00:00:34", "end": "00:00:36", "text": "with the look of the Bitcoin chart on"}, {"start": "00:00:36", "end": "00:00:38", "text": "the weekly right now, everything is"}, {"start": "00:00:38", "end": "00:00:40", "text": "looking incredibly convincing. But there"}, {"start": "00:00:40", "end": "00:00:41", "text": "is more happening right now under the"}, {"start": "00:00:41", "end": "00:00:43", "text": "surface I want to explain to you in this"}, {"start": "00:00:43", "end": "00:00:46", "text": "video. So, I want to point out to you"}, {"start": "00:00:46", "end": "00:00:48", "text": "though, one thing, this visualization,"}, {"start": "00:00:48", "end": "00:00:49", "text": "this chart, the average sentiment"}, {"start": "00:00:49", "end": "00:00:51", "text": "oscillator, even with this four-year"}, {"start": "00:00:51", "end": "00:00:54", "text": "cycle picture in mind, it's visualized"}, {"start": "00:00:54", "end": "00:00:57", "text": "on the screen. It's convincing. But then"}, {"start": "00:00:57", "end": "00:00:58", "text": "I saw this. I've been tracking this"}, {"start": "00:00:58", "end": "00:01:00", "text": "exact setup on Bitcoin net realized"}, {"start": "00:01:00", "end": "00:01:01", "text": "profit loss since the beginning of the"}, {"start": "00:01:01", "end": "00:01:03", "text": "year. It finally flipped into net"}, {"start": "00:01:03", "end": "00:01:05", "text": "losses, which is a key signal that's"}, {"start": "00:01:05", "end": "00:01:07", "text": "aligned with every local bottom this"}, {"start": "00:01:07", "end": "00:01:10", "text": "cycle. And you can see this is a very"}, {"start": "00:01:10", "end": "00:01:13", "text": "strong bottom indicator for Bitcoin. So"}, {"start": "00:01:13", "end": "00:01:16", "text": "which is it? Are we at the top or are we"}, {"start": "00:01:16", "end": "00:01:18", "text": "at some type of bottom? What is going on"}, {"start": "00:01:18", "end": "00:01:19", "text": "right now? This is what I want to"}, {"start": "00:01:19", "end": "00:01:21", "text": "discuss in this video. Hit the subscribe"}, {"start": "00:01:21", "end": "00:01:22", "text": "and like on the way in if you're not in"}, {"start": "00:01:22", "end": "00:01:24", "text": "our intelligence system with our risk"}, {"start": "00:01:24", "end": "00:01:26", "text": "models. Get back there. We have a free"}, {"start": "00:01:26", "end": "00:01:28", "text": "trial going on right now. If you are a"}, {"start": "00:01:28", "end": "00:01:30", "text": "macro investor, if you want to plan"}, {"start": "00:01:30", "end": "00:01:32", "text": "based on risk, I can tell you right now,"}, {"start": "00:01:32", "end": "00:01:36", "text": "risk has been falling and getting low."}, {"start": "00:01:36", "end": "00:01:39", "text": "Nowhere near a bull market high type of"}, {"start": "00:01:39", "end": "00:01:41", "text": "risk. So check us out if you want to try"}, {"start": "00:01:41", "end": "00:01:43", "text": "us out. Hit the link in the pin com"}, {"start": "00:01:43", "end": "00:01:45", "text": "comment. So all right, this is the"}, {"start": "00:01:45", "end": "00:01:47", "text": "business cycle chart. I did a video the"}, {"start": "00:01:47", "end": "00:01:48", "text": "other day. You might have seen it. And"}, {"start": "00:01:48", "end": "00:01:50", "text": "if I'm wrong, I'm wrong in front of"}, {"start": "00:01:50", "end": "00:01:53", "text": "everyone. I explained this chart and"}, {"start": "00:01:53", "end": "00:01:55", "text": "what is happening with business cycles."}, {"start": "00:01:55", "end": "00:01:58", "text": "I very much enjoy doing this style of"}, {"start": "00:01:58", "end": "00:02:00", "text": "video. If you saw it, it takes it takes"}, {"start": "00:02:00", "end": "00:02:02", "text": "me longer, but I think I'm going to"}, {"start": "00:02:02", "end": "00:02:03", "text": "start doing these more. They're I think"}, {"start": "00:02:03", "end": "00:02:05", "text": "they're more informative. The data that"}, {"start": "00:02:05", "end": "00:02:09", "text": "I'm watching, I'm able to express to you"}, {"start": "00:02:09", "end": "00:02:11", "text": "better."}, {"start": "00:02:11", "end": "00:02:14", "text": "Let's look at this chart. This is the"}, {"start": "00:02:14", "end": "00:02:16", "text": "United States ISM purchasing managers"}, {"start": "00:02:16", "end": "00:02:20", "text": "index. This doesn't show liquidity. When"}, {"start": "00:02:20", "end": "00:02:22", "text": "we think about Bitcoin cycles, this is a"}, {"start": "00:02:22", "end": "00:02:25", "text": "liquidity thing. This is not a 4-year"}, {"start": "00:02:25", "end": "00:02:28", "text": "Bitcoin having thing. I don't want to"}, {"start": "00:02:28", "end": "00:02:30", "text": "discount completely the Bitcoin having,"}, {"start": "00:02:30", "end": "00:02:33", "text": "but this is not this is a liquidity"}, {"start": "00:02:33", "end": "00:02:35", "text": "thing in terms of bull market. So, if we"}, {"start": "00:02:35", "end": "00:02:37", "text": "go back here to the business cycle chart"}, {"start": "00:02:37", "end": "00:02:38", "text": "and then I I actually just want to talk"}, {"start": "00:02:38", "end": "00:02:40", "text": "about price action. I do want to talk"}, {"start": "00:02:40", "end": "00:02:44", "text": "about like if this chart keeps falling,"}, {"start": "00:02:44", "end": "00:02:46", "text": "if altcoins keep falling, I do want to"}, {"start": "00:02:46", "end": "00:02:48", "text": "discuss that. But if we go here, right,"}, {"start": "00:02:48", "end": "00:02:51", "text": "this is not showing liquidity entering"}, {"start": "00:02:51", "end": "00:02:53", "text": "the economy. This is a picture of the"}, {"start": "00:02:53", "end": "00:02:55", "text": "economy and you can see I've noted on"}, {"start": "00:02:55", "end": "00:02:57", "text": "the screen bull markets for crypto,"}, {"start": "00:02:57", "end": "00:03:02", "text": "right? PMI expansion, PMI expansion, PMI"}, {"start": "00:03:02", "end": "00:03:03", "text": "expansion."}, {"start": "00:03:03", "end": "00:03:05", "text": "Now, it's interesting because we have a"}, {"start": "00:03:05", "end": "00:03:08", "text": "nice visualization similar to this"}, {"start": "00:03:08", "end": "00:03:10", "text": "visualization, but a completely"}, {"start": "00:03:10", "end": "00:03:13", "text": "different concept. So, which one do you"}, {"start": "00:03:13", "end": "00:03:15", "text": "want to kind of latch on to in terms of"}, {"start": "00:03:15", "end": "00:03:18", "text": "more I would say sound data or"}, {"start": "00:03:18", "end": "00:03:21", "text": "meaningful data? Now going back to this"}, {"start": "00:03:21", "end": "00:03:23", "text": "PMI chart, the the picture of the"}, {"start": "00:03:23", "end": "00:03:25", "text": "economy"}, {"start": "00:03:25", "end": "00:03:28", "text": "again, this is not showing liquidity"}, {"start": "00:03:28", "end": "00:03:30", "text": "entering the economy, but this is"}, {"start": "00:03:30", "end": "00:03:33", "text": "showing how the economy reacts to"}, {"start": "00:03:33", "end": "00:03:37", "text": "liquidity. So basically liquidity turns"}, {"start": "00:03:37", "end": "00:03:40", "text": "first and then this PMI chart this"}, {"start": "00:03:40", "end": "00:03:45", "text": "basically just confirms and confirms not"}, {"start": "00:03:45", "end": "00:03:47", "text": "only liquidity but that the business"}, {"start": "00:03:47", "end": "00:03:48", "text": "cycle is starting to expand that the"}, {"start": "00:03:48", "end": "00:03:50", "text": "business cycle is finally starting to to"}, {"start": "00:03:50", "end": "00:03:53", "text": "to kind of grow. And so the question is"}, {"start": "00:03:53", "end": "00:03:55", "text": "and this is record-breaking by the way"}, {"start": "00:03:55", "end": "00:03:59", "text": "contraction and sideways that we've had."}, {"start": "00:03:59", "end": "00:04:03", "text": "Hence the record-breaking and sideways"}, {"start": "00:04:03", "end": "00:04:05", "text": "accumulation, redistribution, price"}, {"start": "00:04:05", "end": "00:04:07", "text": "action of Bitcoin and crypto. Look at"}, {"start": "00:04:07", "end": "00:04:10", "text": "the Bitcoin risk model this cycle. It's"}, {"start": "00:04:10", "end": "00:04:12", "text": "nothing like any other cycle. And right"}, {"start": "00:04:12", "end": "00:04:14", "text": "now we're at a 37. This is such an"}, {"start": "00:04:14", "end": "00:04:16", "text": "important risk score right now. If you"}, {"start": "00:04:16", "end": "00:04:18", "text": "look at our altcoins, it gets crazy in"}, {"start": "00:04:18", "end": "00:04:21", "text": "terms of risk being low while people are"}, {"start": "00:04:21", "end": "00:04:23", "text": "calling the top of a bull market. When"}, {"start": "00:04:23", "end": "00:04:25", "text": "when we look at the fundamentals of"}, {"start": "00:04:25", "end": "00:04:26", "text": "liquidity"}, {"start": "00:04:26", "end": "00:04:29", "text": "and liquidity entering the system, we're"}, {"start": "00:04:29", "end": "00:04:31", "text": "getting signs that this is about to go"}, {"start": "00:04:31", "end": "00:04:34", "text": "into expansion mode after years of just"}, {"start": "00:04:34", "end": "00:04:37", "text": "crazy contraction. The signal here is"}, {"start": "00:04:37", "end": "00:04:39", "text": "more that we've been in a bare market"}, {"start": "00:04:39", "end": "00:04:42", "text": "this entire time. It's not that a bull"}, {"start": "00:04:42", "end": "00:04:44", "text": "market is about to end in my opinion."}, {"start": "00:04:44", "end": "00:04:47", "text": "It's that a bare market is about to end"}, {"start": "00:04:47", "end": "00:04:49", "text": "and a bull market is about to begin. Now"}, {"start": "00:04:49", "end": "00:04:51", "text": "we have a shorter term catalyst found in"}, {"start": "00:04:51", "end": "00:04:53", "text": "the shutdown and the liquidity that will"}, {"start": "00:04:53", "end": "00:04:54", "text": "be unlocked because of that. I don't"}, {"start": "00:04:54", "end": "00:04:56", "text": "know how it will reflect on this chart."}, {"start": "00:04:56", "end": "00:04:59", "text": "We have to wait. The longer term and"}, {"start": "00:04:59", "end": "00:05:02", "text": "this is the big idea of this video. The"}, {"start": "00:05:02", "end": "00:05:04", "text": "longerterm catalyst is this. Here has"}, {"start": "00:05:04", "end": "00:05:08", "text": "been the the Fed balance sheet in"}, {"start": "00:05:08", "end": "00:05:10", "text": "quantitative tightening liquidity being"}, {"start": "00:05:10", "end": "00:05:14", "text": "sucked out of the system. It ends in"}, {"start": "00:05:14", "end": "00:05:17", "text": "like two weeks from now. that liquidity"}, {"start": "00:05:17", "end": "00:05:19", "text": "draining from the system ends in two"}, {"start": "00:05:19", "end": "00:05:22", "text": "weeks. So even if we don't have to talk"}, {"start": "00:05:22", "end": "00:05:24", "text": "about QE and money printers and all that"}, {"start": "00:05:24", "end": "00:05:27", "text": "right now in this video, but even just"}, {"start": "00:05:27", "end": "00:05:29", "text": "this entire process coming to an end,"}, {"start": "00:05:29", "end": "00:05:31", "text": "and it's only been the second time that"}, {"start": "00:05:31", "end": "00:05:32", "text": "this has happened, quantitative"}, {"start": "00:05:32", "end": "00:05:34", "text": "tightening coming to an end. Last time"}, {"start": "00:05:34", "end": "00:05:36", "text": "was September 2019, shortly before the"}, {"start": "00:05:36", "end": "00:05:39", "text": "last bull market."}, {"start": "00:05:39", "end": "00:05:40", "text": "This is only the second time it's"}, {"start": "00:05:40", "end": "00:05:43", "text": "happening."}, {"start": "00:05:43", "end": "00:05:45", "text": "If it's just stabilization and leveling"}, {"start": "00:05:45", "end": "00:05:47", "text": "off,"}, {"start": "00:05:47", "end": "00:05:49", "text": "all that pressure being taken off of"}, {"start": "00:05:49", "end": "00:05:51", "text": "liquidity, what happens to the PMI"}, {"start": "00:05:51", "end": "00:05:54", "text": "chart, the business cycle chart, when we"}, {"start": "00:05:54", "end": "00:05:57", "text": "know it's been consolidating for years,"}, {"start": "00:05:57", "end": "00:06:00", "text": "and we also know that this expansion in"}, {"start": "00:06:00", "end": "00:06:02", "text": "previous cycles, depending how how it"}, {"start": "00:06:02", "end": "00:06:03", "text": "happens, it doesn't have to look the"}, {"start": "00:06:03", "end": "00:06:06", "text": "same every time, has led to a bull"}, {"start": "00:06:06", "end": "00:06:09", "text": "market. So the question for you that I"}, {"start": "00:06:09", "end": "00:06:11", "text": "ask myself is what data do I want to"}, {"start": "00:06:11", "end": "00:06:14", "text": "latch on to to make my macro decisions?"}, {"start": "00:06:14", "end": "00:06:17", "text": "And you know this is nice. This is good."}, {"start": "00:06:17", "end": "00:06:20", "text": "There's there's there's helpful data"}, {"start": "00:06:20", "end": "00:06:22", "text": "point in here. But I don't think the"}, {"start": "00:06:22", "end": "00:06:24", "text": "data point has to say this is signaling"}, {"start": "00:06:24", "end": "00:06:27", "text": "the top of a bull market."}, {"start": "00:06:27", "end": "00:06:28", "text": "this data point of average sentiment"}, {"start": "00:06:28", "end": "00:06:32", "text": "oscillator getting ready to kind of just"}, {"start": "00:06:32", "end": "00:06:35", "text": "contract or go back down at this moment"}, {"start": "00:06:35", "end": "00:06:38", "text": "where risk level for Bitcoin is 37 as"}, {"start": "00:06:38", "end": "00:06:40", "text": "well as we have hints that liquidity is"}, {"start": "00:06:40", "end": "00:06:45", "text": "about to just the or I should say the"}, {"start": "00:06:45", "end": "00:06:47", "text": "the quantitative tightening that's been"}, {"start": "00:06:47", "end": "00:06:48", "text": "sucking liquidity out of the system is"}, {"start": "00:06:48", "end": "00:06:50", "text": "about to come to an end and we do have"}, {"start": "00:06:50", "end": "00:06:53", "text": "short-term liquidity uh catalyst in the"}, {"start": "00:06:53", "end": "00:06:55", "text": "shutdown."}, {"start": "00:06:55", "end": "00:06:58", "text": "What do you think the data is saying?"}, {"start": "00:06:58", "end": "00:07:01", "text": "I saw this post from Michael Sailor."}, {"start": "00:07:01", "end": "00:07:03", "text": "This was just this morning or I guess"}, {"start": "00:07:03", "end": "00:07:04", "text": "this was yesterday. Bitcoin could go to"}, {"start": "00:07:04", "end": "00:07:07", "text": "a dollar and we're still not getting"}, {"start": "00:07:07", "end": "00:07:09", "text": "liquidated. We'll just buy all the"}, {"start": "00:07:09", "end": "00:07:14", "text": "Bitcoin and it'll go back up again."}, {"start": "00:07:14", "end": "00:07:16", "text": "This is more of a"}, {"start": "00:07:16", "end": "00:07:19", "text": "an approach."}, {"start": "00:07:19", "end": "00:07:20", "text": "This is this is Michael Sailor's opinion"}, {"start": "00:07:20", "end": "00:07:22", "text": "on approach to the markets. And I'm"}, {"start": "00:07:22", "end": "00:07:24", "text": "bringing it up because I was just"}, {"start": "00:07:24", "end": "00:07:25", "text": "telling my wife the other day. We're"}, {"start": "00:07:25", "end": "00:07:27", "text": "talking about crypto. Here's the altcoin"}, {"start": "00:07:27", "end": "00:07:30", "text": "market cap chart. I'm like, you know"}, {"start": "00:07:30", "end": "00:07:33", "text": "what? I I have my macro bull thesis as"}, {"start": "00:07:33", "end": "00:07:35", "text": "I've been displaying to you. And I'm"}, {"start": "00:07:35", "end": "00:07:36", "text": "going to do another video today. I'm"}, {"start": "00:07:36", "end": "00:07:39", "text": "excited to do it about all of this, the"}, {"start": "00:07:39", "end": "00:07:41", "text": "real data, quantitative tightening,"}, {"start": "00:07:41", "end": "00:07:43", "text": "quantitative easing, and all of that."}, {"start": "00:07:43", "end": "00:07:45", "text": "Four-year cycle theory. This is going to"}, {"start": "00:07:45", "end": "00:07:47", "text": "be the video that I record today. And"}, {"start": "00:07:47", "end": "00:07:49", "text": "why it's not that I think four-year"}, {"start": "00:07:49", "end": "00:07:51", "text": "cycle theory is over. I just think it"}, {"start": "00:07:51", "end": "00:07:52", "text": "was never even a thing. I'm going to"}, {"start": "00:07:52", "end": "00:07:54", "text": "explain that. But I was talking to my"}, {"start": "00:07:54", "end": "00:07:56", "text": "wife and I was like,"}, {"start": "00:07:56", "end": "00:08:00", "text": "just send it to zero, dude. I'm not I'm"}, {"start": "00:08:00", "end": "00:08:03", "text": "not being for real, but send it to zero."}, {"start": "00:08:03", "end": "00:08:08", "text": "I will buy. I will buy. It's not only"}, {"start": "00:08:08", "end": "00:08:09", "text": "the PMI data that we're looking at, the"}, {"start": "00:08:09", "end": "00:08:11", "text": "Fed doing what they're doing in terms of"}, {"start": "00:08:11", "end": "00:08:12", "text": "the balance sheet. They're ending"}, {"start": "00:08:12", "end": "00:08:14", "text": "quantitative tightening. We're going to"}, {"start": "00:08:14", "end": "00:08:15", "text": "go into a normalization phase. It's not"}, {"start": "00:08:15", "end": "00:08:19", "text": "only that. It's the crypto space. I'm"}, {"start": "00:08:19", "end": "00:08:20", "text": "here at this total crypto market cap"}, {"start": "00:08:20", "end": "00:08:22", "text": "chart excluding Bitcoin and stable"}, {"start": "00:08:22", "end": "00:08:24", "text": "coins. It's at a trillion dollars."}, {"start": "00:08:24", "end": "00:08:27", "text": "I sit here as I cover data that suggests"}, {"start": "00:08:27", "end": "00:08:30", "text": "to me that we've been in kind of a bare"}, {"start": "00:08:30", "end": "00:08:33", "text": "market and we're getting ready to exit"}, {"start": "00:08:33", "end": "00:08:37", "text": "that in terms of business cycle. But"}, {"start": "00:08:37", "end": "00:08:39", "text": "we're at this area now in crypto where"}, {"start": "00:08:39", "end": "00:08:41", "text": "it's just a trillion dollar market cap"}, {"start": "00:08:41", "end": "00:08:43", "text": "and we have clarity act in play, market"}, {"start": "00:08:43", "end": "00:08:46", "text": "structure, altcoin ETFs. We have this"}, {"start": "00:08:46", "end": "00:08:48", "text": "brand new industry that is being"}, {"start": "00:08:48", "end": "00:08:50", "text": "completely unlocked. It's only worth a"}, {"start": "00:08:50", "end": "00:08:53", "text": "trillion dollars right now. And it's"}, {"start": "00:08:53", "end": "00:08:55", "text": "been after years of just this"}, {"start": "00:08:55", "end": "00:08:57", "text": "contraction and a redistribution. There"}, {"start": "00:08:57", "end": "00:08:59", "text": "is so much data that suggests that"}, {"start": "00:08:59", "end": "00:09:02", "text": "retail has been just selling because"}, {"start": "00:09:02", "end": "00:09:05", "text": "they've been impatient. And you can look"}, {"start": "00:09:05", "end": "00:09:07", "text": "at the comments on all my videos and"}, {"start": "00:09:07", "end": "00:09:09", "text": "probably this one. You can see the"}, {"start": "00:09:09", "end": "00:09:11", "text": "people that are just very simply"}, {"start": "00:09:11", "end": "00:09:14", "text": "impatient. crypto did not deliver just"}, {"start": "00:09:14", "end": "00:09:17", "text": "insane 10x gains, 20x gains. I say that"}, {"start": "00:09:17", "end": "00:09:19", "text": "often, but that's I think at the bottom"}, {"start": "00:09:19", "end": "00:09:22", "text": "of it. That's what's going on here. Now,"}, {"start": "00:09:22", "end": "00:09:25", "text": "I know myself and so many others,"}, {"start": "00:09:25", "end": "00:09:28", "text": "probably Michael Sailor, most analysts"}, {"start": "00:09:28", "end": "00:09:31", "text": "when we were back here in just November"}, {"start": "00:09:31", "end": "00:09:34", "text": "2024 making this move because we've been"}, {"start": "00:09:34", "end": "00:09:36", "text": "so accustomed to four-ear cycle theory,"}, {"start": "00:09:36", "end": "00:09:38", "text": "we thought this was it, everybody. And"}, {"start": "00:09:38", "end": "00:09:41", "text": "it wasn't. And it's okay that we thought"}, {"start": "00:09:41", "end": "00:09:44", "text": "it was it and it just didn't happen. But"}, {"start": "00:09:44", "end": "00:09:46", "text": "we pivot. At least this is what I'm"}, {"start": "00:09:46", "end": "00:09:48", "text": "doing. I'm pivoting and I'm trying to"}, {"start": "00:09:48", "end": "00:09:50", "text": "understand better what is going on. And"}, {"start": "00:09:50", "end": "00:09:52", "text": "since starting to study and starting to"}, {"start": "00:09:52", "end": "00:09:54", "text": "really dig into the data, it's very"}, {"start": "00:09:54", "end": "00:09:56", "text": "clear what's going on. And again, even"}, {"start": "00:09:56", "end": "00:09:59", "text": "with this, no guarantees, but look at"}, {"start": "00:09:59", "end": "00:10:02", "text": "the business cycle in green overlaid on"}, {"start": "00:10:02", "end": "00:10:04", "text": "this chart. Maybe more helpful to go to"}, {"start": "00:10:04", "end": "00:10:06", "text": "Bitcoin chart and overlay the the"}, {"start": "00:10:06", "end": "00:10:09", "text": "business cycle PMI chart on that chart."}, {"start": "00:10:09", "end": "00:10:12", "text": "Look at it. Is this a four-ear cycle"}, {"start": "00:10:12", "end": "00:10:16", "text": "Bitcoin having thing or is this a in"}, {"start": "00:10:16", "end": "00:10:20", "text": "green PMI business cycle thing? Look at"}, {"start": "00:10:20", "end": "00:10:23", "text": "this. Look at the last bull market"}, {"start": "00:10:23", "end": "00:10:25", "text": "expansion."}, {"start": "00:10:25", "end": "00:10:27", "text": "That's why I'm saying it's been insane"}, {"start": "00:10:27", "end": "00:10:29", "text": "to see Bitcoin in a higher high, higher"}, {"start": "00:10:29", "end": "00:10:31", "text": "low environment with this contraction"}, {"start": "00:10:31", "end": "00:10:34", "text": "phase. Look at the bare the bull market"}, {"start": "00:10:34", "end": "00:10:36", "text": "from two cycles ago. Look at that"}, {"start": "00:10:36", "end": "00:10:39", "text": "expansion on the business cycle. It's"}, {"start": "00:10:39", "end": "00:10:41", "text": "kind of hard to line up exactly so you"}, {"start": "00:10:41", "end": "00:10:43", "text": "can see this, but you go back uh all the"}, {"start": "00:10:43", "end": "00:10:45", "text": "way back here, what was happening"}, {"start": "00:10:45", "end": "00:10:49", "text": "expansion 2013, earlier stage days. Now"}, {"start": "00:10:49", "end": "00:10:51", "text": "I think especially not discounting the"}, {"start": "00:10:51", "end": "00:10:53", "text": "Bitcoin having but when you get into"}, {"start": "00:10:53", "end": "00:10:55", "text": "Bitcoin having from like 10 plus years"}, {"start": "00:10:55", "end": "00:10:58", "text": "ago I think those dynamics and the"}, {"start": "00:10:58", "end": "00:11:00", "text": "supply shock of it made it there was"}, {"start": "00:11:00", "end": "00:11:02", "text": "something there to it but there's"}, {"start": "00:11:02", "end": "00:11:04", "text": "obviously way there's so much more going"}, {"start": "00:11:04", "end": "00:11:06", "text": "on right now everybody if you look at"}, {"start": "00:11:06", "end": "00:11:08", "text": "this and so I wanted to do this video as"}, {"start": "00:11:08", "end": "00:11:10", "text": "we start this week because you know what"}, {"start": "00:11:10", "end": "00:11:13", "text": "price action wise it could keep falling"}, {"start": "00:11:13", "end": "00:11:15", "text": "I don't know I guess I should do a"}, {"start": "00:11:15", "end": "00:11:16", "text": "technical analysis video I haven't done"}, {"start": "00:11:16", "end": "00:11:19", "text": "one so much on Bitcoin and even all"}, {"start": "00:11:19", "end": "00:11:21", "text": "coins lately, but I've been really much"}, {"start": "00:11:21", "end": "00:11:23", "text": "just enjoying diving into all this other"}, {"start": "00:11:23", "end": "00:11:26", "text": "data because for me, it's a macro"}, {"start": "00:11:26", "end": "00:11:28", "text": "perspective. That's what I've been doing"}, {"start": "00:11:28", "end": "00:11:30", "text": "on this YouTube channel. Obviously, I I"}, {"start": "00:11:30", "end": "00:11:32", "text": "I track short-term prices because I'm"}, {"start": "00:11:32", "end": "00:11:35", "text": "watching crypto all day, like almost"}, {"start": "00:11:35", "end": "00:11:40", "text": "every day. Not all day, but every day."}, {"start": "00:11:40", "end": "00:11:42", "text": "And if you look at this, this is really"}, {"start": "00:11:42", "end": "00:11:45", "text": "the picture that matters. And so I I've"}, {"start": "00:11:45", "end": "00:11:47", "text": "been trying not to get so distracted"}, {"start": "00:11:47", "end": "00:11:50", "text": "with the price action. And I know it's"}, {"start": "00:11:50", "end": "00:11:52", "text": "very easy to look at price right now and"}, {"start": "00:11:52", "end": "00:11:53", "text": "look at these charts or just like are"}, {"start": "00:11:53", "end": "00:11:55", "text": "they ever going to bottom? But at the"}, {"start": "00:11:55", "end": "00:11:57", "text": "end of the day, I'm focused on this"}, {"start": "00:11:57", "end": "00:11:59", "text": "zoomed out. But again, let's see. I'll"}, {"start": "00:11:59", "end": "00:12:01", "text": "try and maybe think about doing a"}, {"start": "00:12:01", "end": "00:12:03", "text": "Bitcoin and altcoin analysis video on"}, {"start": "00:12:03", "end": "00:12:05", "text": "price action. But just think about this."}, {"start": "00:12:05", "end": "00:12:07", "text": "I'll leave you with this thought because"}, {"start": "00:12:07", "end": "00:12:08", "text": "this is kind of one thing I was"}, {"start": "00:12:08", "end": "00:12:11", "text": "thinking. Look at the last bare market,"}, {"start": "00:12:11", "end": "00:12:13", "text": "right? Bitcoin starts falling away from"}, {"start": "00:12:13", "end": "00:12:15", "text": "the 20 and the 50 week moving averages."}, {"start": "00:12:15", "end": "00:12:18", "text": "And by the way, QT triggered this move,"}, {"start": "00:12:18", "end": "00:12:21", "text": "quantitative tightening. It began"}, {"start": "00:12:21", "end": "00:12:23", "text": "and it's it's been going on. We're in"}, {"start": "00:12:23", "end": "00:12:24", "text": "quantitative tightening still. I should"}, {"start": "00:12:24", "end": "00:12:27", "text": "actually expand this. We're still in the"}, {"start": "00:12:27", "end": "00:12:30", "text": "quantitative tightening. Now, look what"}, {"start": "00:12:30", "end": "00:12:32", "text": "Bitcoin price did, though. This I really"}, {"start": "00:12:32", "end": "00:12:34", "text": "should do a video on this. Boom. The"}, {"start": "00:12:34", "end": "00:12:36", "text": "bottom was like almost in here."}, {"start": "00:12:36", "end": "00:12:38", "text": "Everything falling apart. all the"}, {"start": "00:12:38", "end": "00:12:41", "text": "companies like you know Celsius and uh"}, {"start": "00:12:41", "end": "00:12:43", "text": "FTX everything was happening SEC you"}, {"start": "00:12:43", "end": "00:12:46", "text": "know it all and QT look at this so"}, {"start": "00:12:46", "end": "00:12:47", "text": "starts falling away from the moving"}, {"start": "00:12:47", "end": "00:12:49", "text": "averages I mean it's a couple months and"}, {"start": "00:12:49", "end": "00:12:51", "text": "yeah there was one more swing low but"}, {"start": "00:12:51", "end": "00:12:54", "text": "the bottom was like in"}, {"start": "00:12:54", "end": "00:12:57", "text": "fine you know what I mean and I'm not"}, {"start": "00:12:57", "end": "00:12:59", "text": "saying this is my analysis but as I sit"}, {"start": "00:12:59", "end": "00:13:01", "text": "here as a macro investor in this space"}, {"start": "00:13:01", "end": "00:13:03", "text": "and I think this is basically Michael"}, {"start": "00:13:03", "end": "00:13:08", "text": "Sailor's post or what he head. Not even"}, {"start": "00:13:08", "end": "00:13:10", "text": "as harsh of terms. He's saying send it"}, {"start": "00:13:10", "end": "00:13:13", "text": "to like send it to a dollar. I'm just"}, {"start": "00:13:13", "end": "00:13:16", "text": "saying fine. This move happens."}, {"start": "00:13:16", "end": "00:13:19", "text": "Do you realize"}, {"start": "00:13:19", "end": "00:13:21", "text": "with the institutions and governments?"}, {"start": "00:13:21", "end": "00:13:23", "text": "Do you do you realize what would even"}, {"start": "00:13:23", "end": "00:13:25", "text": "happen? Bitcoin starts falling in the"}, {"start": "00:13:25", "end": "00:13:28", "text": "80s, the 70s, the 60s. I don't even know"}, {"start": "00:13:28", "end": "00:13:30", "text": "what a move like that would look like."}, {"start": "00:13:30", "end": "00:13:31", "text": "But the bounce, I'm sure, would be quite"}, {"start": "00:13:31", "end": "00:13:37", "text": "insane. And all the while the risk score"}, {"start": "00:13:37", "end": "00:13:40", "text": "for Bitcoin in particular will be"}, {"start": "00:13:40", "end": "00:13:42", "text": "basically probably reaching the levels"}, {"start": "00:13:42", "end": "00:13:44", "text": "of accumulation in our risk models. But"}, {"start": "00:13:44", "end": "00:13:46", "text": "right now taking a step back from that"}, {"start": "00:13:46", "end": "00:13:50", "text": "the 37 I think is a pre-bull market"}, {"start": "00:13:50", "end": "00:13:52", "text": "number and it's been consistently this"}, {"start": "00:13:52", "end": "00:13:54", "text": "area where it just keeps falling back to"}, {"start": "00:13:54", "end": "00:13:56", "text": "consolid consolidating back to. If you"}, {"start": "00:13:56", "end": "00:13:58", "text": "see like here, if you just go and even"}, {"start": "00:13:58", "end": "00:14:00", "text": "in these previous dips, I mean, just"}, {"start": "00:14:00", "end": "00:14:04", "text": "look at this 42 44 and then two dips ago"}, {"start": "00:14:04", "end": "00:14:07", "text": "back in September 2024 before that one"}, {"start": "00:14:07", "end": "00:14:09", "text": "move in the fall. 35. Well, here we are"}, {"start": "00:14:09", "end": "00:14:13", "text": "at 37. We keep consolidating during this"}, {"start": "00:14:13", "end": "00:14:15", "text": "contractionary period for business"}, {"start": "00:14:15", "end": "00:14:17", "text": "cycle. What happens when this expands?"}, {"start": "00:14:17", "end": "00:14:19", "text": "That's just the question I have right"}, {"start": "00:14:19", "end": "00:14:21", "text": "now. And that is the most meaningful"}, {"start": "00:14:21", "end": "00:14:23", "text": "question when it comes to crypto and my"}, {"start": "00:14:23", "end": "00:14:25", "text": "journey as a macro analyst. So, I wanted"}, {"start": "00:14:25", "end": "00:14:26", "text": "to share it with you today as we get"}, {"start": "00:14:26", "end": "00:14:27", "text": "this week started. I'm going to go work"}, {"start": "00:14:27", "end": "00:14:29", "text": "on this other video talking about"}, {"start": "00:14:29", "end": "00:14:31", "text": "four-ear cycle. If you see it drop,"}, {"start": "00:14:31", "end": "00:14:33", "text": "please tune in. And if you're out there,"}, {"start": "00:14:33", "end": "00:14:34", "text": "if you're not a subscriber, please"}, {"start": "00:14:34", "end": "00:14:36", "text": "subscribe. If you enjoyed the content,"}, {"start": "00:14:36", "end": "00:14:38", "text": "please hit that like and get back into"}, {"start": "00:14:38", "end": "00:14:41", "text": "our intelligence system. We've got the"}, {"start": "00:14:41", "end": "00:14:44", "text": "free trial going on right now. And, you"}, {"start": "00:14:44", "end": "00:14:46", "text": "know, the team is working on a lot of a"}, {"start": "00:14:46", "end": "00:14:47", "text": "lot of different other things as well."}, {"start": "00:14:47", "end": "00:14:48", "text": "So, appreciate you watching. I'll see"}, {"start": "00:14:48", "end": "00:14:52", "text": "you in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "To all you value macro investors,"}, {"start": "00:00:01", "end": "00:00:05", "text": "December 1st, 2025, it's the date that"}, {"start": "00:00:05", "end": "00:00:07", "text": "QT officially ends. Quantitative"}, {"start": "00:00:07", "end": "00:00:09", "text": "tightening. Now, what in the world does"}, {"start": "00:00:09", "end": "00:00:11", "text": "that actually mean? Well, first off,"}, {"start": "00:00:11", "end": "00:00:13", "text": "here's what nobody's telling you. This"}, {"start": "00:00:13", "end": "00:00:14", "text": "is really only the second time in"}, {"start": "00:00:14", "end": "00:00:16", "text": "financial history that this has ever"}, {"start": "00:00:16", "end": "00:00:18", "text": "happened. The first time quantitative"}, {"start": "00:00:18", "end": "00:00:21", "text": "tightening ended was midepptember 2019,"}, {"start": "00:00:21", "end": "00:00:24", "text": "shortly after crypto was about to rip."}, {"start": "00:00:24", "end": "00:00:26", "text": "Then, COVID crashed everything early"}, {"start": "00:00:26", "end": "00:00:28", "text": "2020. So right now the question"}, {"start": "00:00:28", "end": "00:00:30", "text": "everyone's asking is what happens to the"}, {"start": "00:00:30", "end": "00:00:33", "text": "crypto market specifically when the Fed"}, {"start": "00:00:33", "end": "00:00:36", "text": "stops draining trillions of dollars from"}, {"start": "00:00:36", "end": "00:00:38", "text": "the system because this is what has been"}, {"start": "00:00:38", "end": "00:00:39", "text": "going on for years now. And more"}, {"start": "00:00:39", "end": "00:00:41", "text": "importantly the purpose of the video can"}, {"start": "00:00:41", "end": "00:00:44", "text": "we actually use 2019 as a road map or"}, {"start": "00:00:44", "end": "00:00:47", "text": "did co completely invalidate that"}, {"start": "00:00:47", "end": "00:00:49", "text": "playbook? Somebody asked me this exact"}, {"start": "00:00:49", "end": "00:00:50", "text": "question in yesterday's video. They said"}, {"start": "00:00:50", "end": "00:00:51", "text": "what would be really helpful is if you"}, {"start": "00:00:51", "end": "00:00:53", "text": "looked at prior cycles to see how long"}, {"start": "00:00:53", "end": "00:00:55", "text": "it took for markets to pump after QT"}, {"start": "00:00:55", "end": "00:00:57", "text": "ended. And after diving deep into the"}, {"start": "00:00:57", "end": "00:00:59", "text": "data, what I found might change the way"}, {"start": "00:00:59", "end": "00:01:02", "text": "that you're positioning for Q4 2025"}, {"start": "00:01:02", "end": "00:01:05", "text": "going into Q1 2026. So, hit the"}, {"start": "00:01:05", "end": "00:01:06", "text": "subscribe and like on your way in. And"}, {"start": "00:01:06", "end": "00:01:08", "text": "if you're not in our intelligence system"}, {"start": "00:01:08", "end": "00:01:10", "text": "with our risk models, our exit planners,"}, {"start": "00:01:10", "end": "00:01:11", "text": "and a ton of different data, hit the"}, {"start": "00:01:11", "end": "00:01:13", "text": "link below, get set up with the trial."}, {"start": "00:01:13", "end": "00:01:15", "text": "So, I guess first, let's get one thing"}, {"start": "00:01:15", "end": "00:01:16", "text": "straight. Quantitative tightening,"}, {"start": "00:01:16", "end": "00:01:18", "text": "quantitative easing are not these"}, {"start": "00:01:18", "end": "00:01:20", "text": "ancient monetary tools that have been"}, {"start": "00:01:20", "end": "00:01:23", "text": "cycling now for decades. This is very"}, {"start": "00:01:23", "end": "00:01:24", "text": "new stuff. I'll go a step further and"}, {"start": "00:01:24", "end": "00:01:27", "text": "say this is very experimental stuff. And"}, {"start": "00:01:27", "end": "00:01:29", "text": "right now when it comes to QT ending,"}, {"start": "00:01:29", "end": "00:01:32", "text": "we're only in round two. And round two"}, {"start": "00:01:32", "end": "00:01:33", "text": "hasn't even begun yet. That's what"}, {"start": "00:01:33", "end": "00:01:35", "text": "December 1st is for. You see,"}, {"start": "00:01:35", "end": "00:01:37", "text": "quantitative easing was invented during"}, {"start": "00:01:37", "end": "00:01:39", "text": "the 2008 financial mess that happened."}, {"start": "00:01:39", "end": "00:01:40", "text": "The Fed's balance sheet was under a"}, {"start": "00:01:40", "end": "00:01:42", "text": "trillion dollars and then they held it"}, {"start": "00:01:42", "end": "00:01:44", "text": "there. Then started the first ever"}, {"start": "00:01:44", "end": "00:01:46", "text": "attempt at quantitative tightening in"}, {"start": "00:01:46", "end": "00:01:49", "text": "October 2017. So 2017 wasn't even that"}, {"start": "00:01:49", "end": "00:01:51", "text": "long ago. So you heard it right. This"}, {"start": "00:01:51", "end": "00:01:53", "text": "was the first time in human history a"}, {"start": "00:01:53", "end": "00:01:55", "text": "central bank tried to unwind a balance"}, {"start": "00:01:55", "end": "00:01:58", "text": "sheet that was this large. And what"}, {"start": "00:01:58", "end": "00:02:00", "text": "happened? They drained about $700"}, {"start": "00:02:00", "end": "00:02:03", "text": "billion over 2 years. And because of it,"}, {"start": "00:02:03", "end": "00:02:05", "text": "markets started cracking. December 2018,"}, {"start": "00:02:05", "end": "00:02:08", "text": "the S&P 500 dropped 20%. And then repo"}, {"start": "00:02:08", "end": "00:02:11", "text": "markets seized up in September 2019. And"}, {"start": "00:02:11", "end": "00:02:13", "text": "that's right when the Fed made their"}, {"start": "00:02:13", "end": "00:02:17", "text": "move. Midepptember 2019, quantitative"}, {"start": "00:02:17", "end": "00:02:18", "text": "tightening officially ended. and the Fed"}, {"start": "00:02:18", "end": "00:02:21", "text": "pivoted going back to eventually expand"}, {"start": "00:02:21", "end": "00:02:23", "text": "the balance sheet. Wasn't full QE yet,"}, {"start": "00:02:23", "end": "00:02:25", "text": "but the drain stopped. Now, here's where"}, {"start": "00:02:25", "end": "00:02:27", "text": "it gets crazy interesting for crypto."}, {"start": "00:02:27", "end": "00:02:29", "text": "And this is so important for all of us"}, {"start": "00:02:29", "end": "00:02:31", "text": "value investors that are here investing"}, {"start": "00:02:31", "end": "00:02:33", "text": "on the macro. Look at the total crypto"}, {"start": "00:02:33", "end": "00:02:35", "text": "market cap chart from mid 2019. Do you"}, {"start": "00:02:35", "end": "00:02:37", "text": "see that range? Bitcoin hovering around"}, {"start": "00:02:37", "end": "00:02:40", "text": "$10,000. Altcoins were consolidating."}, {"start": "00:02:40", "end": "00:02:42", "text": "Then quantitative tightening ended"}, {"start": "00:02:42", "end": "00:02:45", "text": "September 2019. It is so important to"}, {"start": "00:02:45", "end": "00:02:47", "text": "note for where we are right now with"}, {"start": "00:02:47", "end": "00:02:49", "text": "quantitative tightening about to end for"}, {"start": "00:02:49", "end": "00:02:52", "text": "about 90 days in 2019 when quantitative"}, {"start": "00:02:52", "end": "00:02:53", "text": "tightening ended. Nothing dramatic"}, {"start": "00:02:53", "end": "00:02:56", "text": "happened. There was actually a slight"}, {"start": "00:02:56", "end": "00:02:58", "text": "dip initially. Then around mid December"}, {"start": "00:02:58", "end": "00:03:01", "text": "2019 you start seeing green candles"}, {"start": "00:03:01", "end": "00:03:03", "text": "building. By January 2020, crypto was"}, {"start": "00:03:03", "end": "00:03:06", "text": "starting to move post QT. It looked like"}, {"start": "00:03:06", "end": "00:03:08", "text": "we were heading into a major breakout."}, {"start": "00:03:08", "end": "00:03:09", "text": "And if you were here back then as a"}, {"start": "00:03:09", "end": "00:03:11", "text": "crypto investor, you might remember this"}, {"start": "00:03:11", "end": "00:03:13", "text": "time period. Then all of the sudden"}, {"start": "00:03:13", "end": "00:03:16", "text": "March 2020 COVID total capitulation"}, {"start": "00:03:16", "end": "00:03:20", "text": "everything crashed 50 70% within days."}, {"start": "00:03:20", "end": "00:03:22", "text": "So right here is the problem with using"}, {"start": "00:03:22", "end": "00:03:25", "text": "2019 as our historical comparison. We"}, {"start": "00:03:25", "end": "00:03:27", "text": "don't get a completely clean sample. We"}, {"start": "00:03:27", "end": "00:03:29", "text": "had 5 to 6 months between quantitative"}, {"start": "00:03:29", "end": "00:03:31", "text": "tightening ending and the world"}, {"start": "00:03:31", "end": "00:03:33", "text": "basically shutting down. So essentially"}, {"start": "00:03:33", "end": "00:03:35", "text": "we didn't have enough time to see the"}, {"start": "00:03:35", "end": "00:03:37", "text": "full effect of that policy shift play"}, {"start": "00:03:37", "end": "00:03:40", "text": "out organically. And there's not been"}, {"start": "00:03:40", "end": "00:03:41", "text": "any other time where we've seen"}, {"start": "00:03:41", "end": "00:03:43", "text": "quantitative tightening end that we"}, {"start": "00:03:43", "end": "00:03:44", "text": "could even use as an example. But here's"}, {"start": "00:03:44", "end": "00:03:46", "text": "what we do know. Those first 90 days"}, {"start": "00:03:46", "end": "00:03:50", "text": "showed accumulation and stabilization."}, {"start": "00:03:50", "end": "00:03:51", "text": "And one thing we've been talking about"}, {"start": "00:03:51", "end": "00:03:52", "text": "is liquidity doesn't hit markets"}, {"start": "00:03:52", "end": "00:03:54", "text": "instantly. We're seeing that even with"}, {"start": "00:03:54", "end": "00:03:56", "text": "the shutdown now coming to an end. We're"}, {"start": "00:03:56", "end": "00:03:58", "text": "not seeing an instant liquidity flow"}, {"start": "00:03:58", "end": "00:04:00", "text": "back into the economy. It takes time to"}, {"start": "00:04:00", "end": "00:04:01", "text": "flow through the system. And as we've"}, {"start": "00:04:01", "end": "00:04:03", "text": "talked about, business cycles, they turn"}, {"start": "00:04:03", "end": "00:04:05", "text": "even slower. But the Fed stopped"}, {"start": "00:04:05", "end": "00:04:07", "text": "draining in September 2019. And it took"}, {"start": "00:04:07", "end": "00:04:10", "text": "multiple quarters for that to show up in"}, {"start": "00:04:10", "end": "00:04:12", "text": "corporate earnings, hiring, and really"}, {"start": "00:04:12", "end": "00:04:14", "text": "just all-around risk appetite. So, now"}, {"start": "00:04:14", "end": "00:04:16", "text": "that we have some context into the first"}, {"start": "00:04:16", "end": "00:04:18", "text": "and only time so far where we've seen"}, {"start": "00:04:18", "end": "00:04:19", "text": "quantitative tightening come to an end,"}, {"start": "00:04:19", "end": "00:04:23", "text": "let's talk about December 1st, 2025, and"}, {"start": "00:04:23", "end": "00:04:26", "text": "why this might not take 90 days. This is"}, {"start": "00:04:26", "end": "00:04:28", "text": "a short-term liquidity event. When the"}, {"start": "00:04:28", "end": "00:04:30", "text": "government reopens, contractors get"}, {"start": "00:04:30", "end": "00:04:32", "text": "paid, federal employees get their"}, {"start": "00:04:32", "end": "00:04:34", "text": "paychecks, projects restart, and that is"}, {"start": "00:04:34", "end": "00:04:36", "text": "immediate liquidity injection. And in"}, {"start": "00:04:36", "end": "00:04:37", "text": "the context of everything we're talking"}, {"start": "00:04:37", "end": "00:04:39", "text": "about here, it's much faster than the"}, {"start": "00:04:39", "end": "00:04:41", "text": "slow turn of ending quantitative"}, {"start": "00:04:41", "end": "00:04:43", "text": "tightening. Secondly, and this is a big"}, {"start": "00:04:43", "end": "00:04:46", "text": "deal, the SEC has reopened and at the"}, {"start": "00:04:46", "end": "00:04:47", "text": "same time they are opening the"}, {"start": "00:04:47", "end": "00:04:49", "text": "floodgates for altcoin ETFs. This was"}, {"start": "00:04:49", "end": "00:04:52", "text": "not even close to a conversation in"}, {"start": "00:04:52", "end": "00:04:54", "text": "2019. Right now, as I record this video,"}, {"start": "00:04:54", "end": "00:04:56", "text": "we are talking about institutional grade"}, {"start": "00:04:56", "end": "00:04:59", "text": "rappers for crypto assets. Bloomberg"}, {"start": "00:04:59", "end": "00:05:01", "text": "terminals are now lighting up with"}, {"start": "00:05:01", "end": "00:05:03", "text": "crypto ticker symbols. Compliance"}, {"start": "00:05:03", "end": "00:05:05", "text": "departments getting comfortable. Can you"}, {"start": "00:05:05", "end": "00:05:07", "text": "even believe that this is structural"}, {"start": "00:05:07", "end": "00:05:09", "text": "adoption happening in real time as we"}, {"start": "00:05:09", "end": "00:05:12", "text": "have a massive liquidity event on the"}, {"start": "00:05:12", "end": "00:05:14", "text": "short term and macro horizon. Third, and"}, {"start": "00:05:14", "end": "00:05:17", "text": "I can't stress this enough, onchain data"}, {"start": "00:05:17", "end": "00:05:19", "text": "is simply screaming a redistribution."}, {"start": "00:05:19", "end": "00:05:22", "text": "You and I as a part of retail, we have"}, {"start": "00:05:22", "end": "00:05:24", "text": "felt the frustration of these markets,"}, {"start": "00:05:24", "end": "00:05:26", "text": "of the extended business cycle, and it"}, {"start": "00:05:26", "end": "00:05:29", "text": "just is a reality. But retail has been"}, {"start": "00:05:29", "end": "00:05:31", "text": "selling to institutions all year, and"}, {"start": "00:05:31", "end": "00:05:32", "text": "long-term holder supply is"}, {"start": "00:05:32", "end": "00:05:34", "text": "consolidating. Putting it very simply, a"}, {"start": "00:05:34", "end": "00:05:36", "text": "lot of people are getting shaken out of"}, {"start": "00:05:36", "end": "00:05:38", "text": "the market. This isn't 2019's"}, {"start": "00:05:38", "end": "00:05:40", "text": "retailheavy market structure. This is"}, {"start": "00:05:40", "end": "00:05:43", "text": "institutional accumulation disguised as"}, {"start": "00:05:43", "end": "00:05:46", "text": "a boring type of crab market through"}, {"start": "00:05:46", "end": "00:05:48", "text": "this extended boring business cycle. And"}, {"start": "00:05:48", "end": "00:05:51", "text": "fourth, policy clarity. Like it or not,"}, {"start": "00:05:51", "end": "00:05:52", "text": "the Trump administration has been"}, {"start": "00:05:52", "end": "00:05:55", "text": "explicitly pro crypto. So all of that"}, {"start": "00:05:55", "end": "00:05:58", "text": "regulatory uncertainty from 2019, 2020,"}, {"start": "00:05:58", "end": "00:06:00", "text": "and even onwards, that is largely"}, {"start": "00:06:00", "end": "00:06:02", "text": "resolved. So, we have a pro crypto"}, {"start": "00:06:02", "end": "00:06:04", "text": "administration in place for the first"}, {"start": "00:06:04", "end": "00:06:06", "text": "time ever as we are getting ready once"}, {"start": "00:06:06", "end": "00:06:08", "text": "again to go into a short-term and"}, {"start": "00:06:08", "end": "00:06:10", "text": "long-term liquidity event. A lot of"}, {"start": "00:06:10", "end": "00:06:12", "text": "people like to blame the current"}, {"start": "00:06:12", "end": "00:06:13", "text": "administration saying that it's their"}, {"start": "00:06:13", "end": "00:06:15", "text": "fault that crypto is failing in price"}, {"start": "00:06:15", "end": "00:06:18", "text": "and falling. It has nothing to do with"}, {"start": "00:06:18", "end": "00:06:20", "text": "the current administration. It has"}, {"start": "00:06:20", "end": "00:06:21", "text": "everything to do with Fed policy and the"}, {"start": "00:06:21", "end": "00:06:24", "text": "fact that we've been in this multi-year"}, {"start": "00:06:24", "end": "00:06:26", "text": "quantitative tightening environment. So,"}, {"start": "00:06:26", "end": "00:06:28", "text": "let's connect all of these dots. QTN's"}, {"start": "00:06:28", "end": "00:06:30", "text": "December 1st. The Fed stops draining $95"}, {"start": "00:06:30", "end": "00:06:32", "text": "billion dollars per month from the"}, {"start": "00:06:32", "end": "00:06:34", "text": "system. That's over a trillion dollars"}, {"start": "00:06:34", "end": "00:06:36", "text": "per year that's no longer being"}, {"start": "00:06:36", "end": "00:06:39", "text": "extracted from financial markets. Does"}, {"start": "00:06:39", "end": "00:06:41", "text": "it mean that markets just go parabolic"}, {"start": "00:06:41", "end": "00:06:43", "text": "on December 2nd? No. Liquidity works"}, {"start": "00:06:43", "end": "00:06:45", "text": "faster than business cycles, but it's"}, {"start": "00:06:45", "end": "00:06:47", "text": "still not instant. But here's what I"}, {"start": "00:06:47", "end": "00:06:49", "text": "think the critical insight is. We don't"}, {"start": "00:06:49", "end": "00:06:52", "text": "need 90 days this time like last cycle."}, {"start": "00:06:52", "end": "00:06:55", "text": "The shutdown resolution is a nearer term"}, {"start": "00:06:55", "end": "00:06:57", "text": "catalyst that we did not have last cycle"}, {"start": "00:06:57", "end": "00:06:59", "text": "when quantitative tightening ended in"}, {"start": "00:06:59", "end": "00:07:01", "text": "September in 2019. As the SEC continues"}, {"start": "00:07:01", "end": "00:07:04", "text": "to improve altcoin ETFs, ETF inflows can"}, {"start": "00:07:04", "end": "00:07:07", "text": "move billions in weeks, not quarters."}, {"start": "00:07:07", "end": "00:07:08", "text": "Institutional buy side has been"}, {"start": "00:07:08", "end": "00:07:10", "text": "positioning all year. We've seen it. So,"}, {"start": "00:07:10", "end": "00:07:13", "text": "the 2019 road map suggested 90 days"}, {"start": "00:07:13", "end": "00:07:16", "text": "before a crypto showed signs of any type"}, {"start": "00:07:16", "end": "00:07:17", "text": "of bullishness postquantitative"}, {"start": "00:07:17", "end": "00:07:20", "text": "tightening. But 2019 did not have these"}, {"start": "00:07:20", "end": "00:07:22", "text": "accelerants. And here's the thing about"}, {"start": "00:07:22", "end": "00:07:24", "text": "these markets. If you wait for"}, {"start": "00:07:24", "end": "00:07:26", "text": "confirmation, you're already late. And"}, {"start": "00:07:26", "end": "00:07:27", "text": "this is the key to being a value"}, {"start": "00:07:27", "end": "00:07:29", "text": "investor. It's anticipating these things"}, {"start": "00:07:29", "end": "00:07:31", "text": "when it's not popular to do so. And it's"}, {"start": "00:07:31", "end": "00:07:33", "text": "anticipating these things before they"}, {"start": "00:07:33", "end": "00:07:34", "text": "happen because markets do not wait for"}, {"start": "00:07:34", "end": "00:07:37", "text": "economic data to catch up. They frontr"}, {"start": "00:07:37", "end": "00:07:39", "text": "run it. That's why 2019 saw accumulation"}, {"start": "00:07:39", "end": "00:07:41", "text": "before the eventual move got cut short"}, {"start": "00:07:41", "end": "00:07:43", "text": "by COVID. So, here's the bottom line."}, {"start": "00:07:43", "end": "00:07:45", "text": "The end of QT creates a more"}, {"start": "00:07:45", "end": "00:07:47", "text": "constructive market environment. It's"}, {"start": "00:07:47", "end": "00:07:49", "text": "not bullish overnight. It's not"}, {"start": "00:07:49", "end": "00:07:52", "text": "guaranteed parabolic moon overnight, but"}, {"start": "00:07:52", "end": "00:07:53", "text": "it's constructive. And this is not"}, {"start": "00:07:53", "end": "00:07:55", "text": "something we've seen in years. You're"}, {"start": "00:07:55", "end": "00:07:56", "text": "now moving from active headwinds to"}, {"start": "00:07:56", "end": "00:07:58", "text": "neutral, potentially tailwinds, from"}, {"start": "00:07:58", "end": "00:08:01", "text": "years of drainage to now stabilization,"}, {"start": "00:08:01", "end": "00:08:04", "text": "from contraction to potential expansion."}, {"start": "00:08:04", "end": "00:08:06", "text": "And then once you add in the structural"}, {"start": "00:08:06", "end": "00:08:07", "text": "shifts, institutional adoption,"}, {"start": "00:08:07", "end": "00:08:10", "text": "regulatory clarity, liquidity events,"}, {"start": "00:08:10", "end": "00:08:12", "text": "supply redistribution that is happening"}, {"start": "00:08:12", "end": "00:08:15", "text": "and you have a setup that looks very"}, {"start": "00:08:15", "end": "00:08:16", "text": "different from the one that we had in"}, {"start": "00:08:16", "end": "00:08:19", "text": "2019 postQT. Now, I know what you might"}, {"start": "00:08:19", "end": "00:08:21", "text": "be thinking cuz I think it could we get"}, {"start": "00:08:21", "end": "00:08:23", "text": "another black swan? Of course. I mean,"}, {"start": "00:08:23", "end": "00:08:24", "text": "anything can happen. We have to prepare"}, {"start": "00:08:24", "end": "00:08:26", "text": "for all scenarios. Could the macro"}, {"start": "00:08:26", "end": "00:08:28", "text": "completely deteriorate? It's always"}, {"start": "00:08:28", "end": "00:08:30", "text": "possible. But sitting here with the data"}, {"start": "00:08:30", "end": "00:08:33", "text": "that we have trying to time the absolute"}, {"start": "00:08:33", "end": "00:08:36", "text": "bottom while the Fed pivots monetary"}, {"start": "00:08:36", "end": "00:08:37", "text": "policy that's how you missed it. The"}, {"start": "00:08:37", "end": "00:08:40", "text": "first phase of QT ended September 2019."}, {"start": "00:08:40", "end": "00:08:43", "text": "The second phase ends December 2025. I'm"}, {"start": "00:08:43", "end": "00:08:45", "text": "not recommending for you to do anything"}, {"start": "00:08:45", "end": "00:08:47", "text": "but ask yourself one question. Are you"}, {"start": "00:08:47", "end": "00:08:48", "text": "ready? Appreciate you watching"}, {"start": "00:08:48", "end": "00:08:49", "text": "everybody. If you enjoyed this content,"}, {"start": "00:08:49", "end": "00:08:51", "text": "if you got any value from this video,"}, {"start": "00:08:51", "end": "00:08:52", "text": "please consider giving it a like. Hit"}, {"start": "00:08:52", "end": "00:08:54", "text": "the subscribe if you're not a"}, {"start": "00:08:54", "end": "00:08:55", "text": "subscriber. Get into our intelligence"}, {"start": "00:08:55", "end": "00:08:57", "text": "system. We've got that free trial going"}, {"start": "00:08:57", "end": "00:08:58", "text": "on right now. Hit the link below. I'll"}, {"start": "00:08:58", "end": "00:09:01", "text": "see you in the next video."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "The bull run ends when liquidity dries"}, {"start": "00:00:02", "end": "00:00:05", "text": "up, not when it's beginning. This has"}, {"start": "00:00:05", "end": "00:00:06", "text": "always been the case. And right now,"}, {"start": "00:00:06", "end": "00:00:09", "text": "everybody, liquidity is not drying up."}, {"start": "00:00:09", "end": "00:00:12", "text": "It's already been drying up for years."}, {"start": "00:00:12", "end": "00:00:14", "text": "Right now, liquidity is getting ready to"}, {"start": "00:00:14", "end": "00:00:17", "text": "begin. I did a video yesterday in"}, {"start": "00:00:17", "end": "00:00:19", "text": "relation to the PMI chart. This is the"}, {"start": "00:00:19", "end": "00:00:22", "text": "business cycle chart. The expansion that"}, {"start": "00:00:22", "end": "00:00:23", "text": "is getting ready to happen even on the"}, {"start": "00:00:23", "end": "00:00:26", "text": "short term. And just as I start this"}, {"start": "00:00:26", "end": "00:00:27", "text": "video to give you a very simple"}, {"start": "00:00:27", "end": "00:00:29", "text": "illustration I think that you can relate"}, {"start": "00:00:29", "end": "00:00:31", "text": "to. Here are previous business cycles"}, {"start": "00:00:31", "end": "00:00:34", "text": "going into expansion liquidity entering"}, {"start": "00:00:34", "end": "00:00:36", "text": "the system. Go to a Bitcoin chart. Here"}, {"start": "00:00:36", "end": "00:00:41", "text": "it is in 2012, November bull market."}, {"start": "00:00:41", "end": "00:00:45", "text": "Here it is January 2016 bull market."}, {"start": "00:00:45", "end": "00:00:46", "text": "Here it is last cycle. This was"}, {"start": "00:00:46", "end": "00:00:50", "text": "September 2019. As you know,"}, {"start": "00:00:50", "end": "00:00:51", "text": "quantitative tightening coming to an"}, {"start": "00:00:51", "end": "00:00:53", "text": "end. And I'm going to be doing a video"}, {"start": "00:00:53", "end": "00:00:55", "text": "on this later today. So, please keep a"}, {"start": "00:00:55", "end": "00:00:58", "text": "lookout for that video comparing last"}, {"start": "00:00:58", "end": "00:01:01", "text": "cycle 2019 going into the last bull"}, {"start": "00:01:01", "end": "00:01:02", "text": "market to what is actually happening"}, {"start": "00:01:02", "end": "00:01:05", "text": "right now. But again, the PMI chart, if"}, {"start": "00:01:05", "end": "00:01:07", "text": "we go look at it, this is what it looked"}, {"start": "00:01:07", "end": "00:01:09", "text": "like. Quantitative tightening ending."}, {"start": "00:01:09", "end": "00:01:12", "text": "There's that COVID dip of course, but we"}, {"start": "00:01:12", "end": "00:01:14", "text": "went into expansion. This is where we"}, {"start": "00:01:14", "end": "00:01:16", "text": "are right now, everybody. I say ignore"}, {"start": "00:01:16", "end": "00:01:18", "text": "the noise on X. And I know that's"}, {"start": "00:01:18", "end": "00:01:21", "text": "frustrating because it's been years of"}, {"start": "00:01:21", "end": "00:01:22", "text": "bare market. It's been years of"}, {"start": "00:01:22", "end": "00:01:25", "text": "contraction in terms of liquidity and"}, {"start": "00:01:25", "end": "00:01:26", "text": "that is such a big deal for Bitcoin"}, {"start": "00:01:26", "end": "00:01:29", "text": "charts, for altcoin charts. But in this"}, {"start": "00:01:29", "end": "00:01:31", "text": "video, I want to kind of just do a nice"}, {"start": "00:01:31", "end": "00:01:34", "text": "simple technical analysis as it relates"}, {"start": "00:01:34", "end": "00:01:36", "text": "to the timing of liquidity. So, please"}, {"start": "00:01:36", "end": "00:01:38", "text": "hit the subscribe and like on the way in"}, {"start": "00:01:38", "end": "00:01:39", "text": "if you're not in our intelligence system"}, {"start": "00:01:39", "end": "00:01:41", "text": "with our exit planner, all of our risk"}, {"start": "00:01:41", "end": "00:01:44", "text": "models. Here's Cardano risk model"}, {"start": "00:01:44", "end": "00:01:47", "text": "sitting at a 25 as we are getting ready"}, {"start": "00:01:47", "end": "00:01:50", "text": "to see the beginning of liquidity."}, {"start": "00:01:50", "end": "00:01:51", "text": "Get back there. We have the free trial"}, {"start": "00:01:51", "end": "00:01:53", "text": "going on right now. Test it out. See"}, {"start": "00:01:53", "end": "00:01:55", "text": "what you think. Start planning if you're"}, {"start": "00:01:55", "end": "00:01:57", "text": "a long-term investor. So, I want to"}, {"start": "00:01:57", "end": "00:02:00", "text": "start real briefly with just some points"}, {"start": "00:02:00", "end": "00:02:02", "text": "from this post that I referenced at the"}, {"start": "00:02:02", "end": "00:02:05", "text": "beginning. A comment on Bitcoin."}, {"start": "00:02:05", "end": "00:02:07", "text": "The US government is reopening. The"}, {"start": "00:02:07", "end": "00:02:09", "text": "Treasury's management of the TGA signals"}, {"start": "00:02:09", "end": "00:02:12", "text": "an imminent injection of liquidity into"}, {"start": "00:02:12", "end": "00:02:15", "text": "the financial system. It immediately"}, {"start": "00:02:15", "end": "00:02:17", "text": "makes me think of not only what that"}, {"start": "00:02:17", "end": "00:02:18", "text": "could be for mean for Bitcoin and"}, {"start": "00:02:18", "end": "00:02:21", "text": "crypto, but it just makes me think of"}, {"start": "00:02:21", "end": "00:02:23", "text": "this chart because we've been in this"}, {"start": "00:02:23", "end": "00:02:26", "text": "suppression contraction on the business"}, {"start": "00:02:26", "end": "00:02:29", "text": "cycle chart. A lack of liquidity,"}, {"start": "00:02:29", "end": "00:02:32", "text": "shutting down the government suppresses"}, {"start": "00:02:32", "end": "00:02:35", "text": "new orders, production, supplier"}, {"start": "00:02:35", "end": "00:02:38", "text": "deliveries that are happening, hiring,"}, {"start": "00:02:38", "end": "00:02:42", "text": "and basically every major PMI component,"}, {"start": "00:02:42", "end": "00:02:45", "text": "every major component to this chart."}, {"start": "00:02:45", "end": "00:02:48", "text": "So, this is a short-term thing, by the"}, {"start": "00:02:48", "end": "00:02:51", "text": "way. When the shutdown ends, that $1"}, {"start": "00:02:51", "end": "00:02:55", "text": "trillion delayed spending flows back"}, {"start": "00:02:55", "end": "00:02:59", "text": "into the system. and PMI in in that"}, {"start": "00:02:59", "end": "00:03:01", "text": "environment typically bounces. Now,"}, {"start": "00:03:01", "end": "00:03:03", "text": "gauging the exact timing of this now"}, {"start": "00:03:03", "end": "00:03:05", "text": "that the government has reopened, that's"}, {"start": "00:03:05", "end": "00:03:07", "text": "tough to tell, but on the short term, I"}, {"start": "00:03:07", "end": "00:03:09", "text": "will evaluate this chart, and I'm going"}, {"start": "00:03:09", "end": "00:03:10", "text": "to be including it in a lot of my"}, {"start": "00:03:10", "end": "00:03:14", "text": "technical analysis, but that's the short"}, {"start": "00:03:14", "end": "00:03:16", "text": "term, right? And I talked about this in"}, {"start": "00:03:16", "end": "00:03:19", "text": "yesterday's video basically, and I"}, {"start": "00:03:19", "end": "00:03:21", "text": "really broke this down. If I'm wrong,"}, {"start": "00:03:21", "end": "00:03:22", "text": "I'm wrong in front of everyone. I talked"}, {"start": "00:03:22", "end": "00:03:26", "text": "about this this PMI chart. We're at the"}, {"start": "00:03:26", "end": "00:03:27", "text": "confluence of a short-term liquidity"}, {"start": "00:03:27", "end": "00:03:30", "text": "injection with the shutdown being over,"}, {"start": "00:03:30", "end": "00:03:33", "text": "but also QT coming to an end. So, this"}, {"start": "00:03:33", "end": "00:03:34", "text": "post goes on, quantitative tightening"}, {"start": "00:03:34", "end": "00:03:36", "text": "will soon end, and in my view, the"}, {"start": "00:03:36", "end": "00:03:37", "text": "Federal Reserve will continue to cut"}, {"start": "00:03:37", "end": "00:03:39", "text": "rates until the Federal Funds rate"}, {"start": "00:03:39", "end": "00:03:41", "text": "reaches around 2.75%."}, {"start": "00:03:41", "end": "00:03:43", "text": "PAL will be replaced, effectively ending"}, {"start": "00:03:43", "end": "00:03:47", "text": "the era of the progressive left Kenisian"}, {"start": "00:03:47", "end": "00:03:49", "text": "control of the Fed. Bitcoin adoption"}, {"start": "00:03:49", "end": "00:03:51", "text": "continues to accelerate supported by"}, {"start": "00:03:51", "end": "00:03:53", "text": "pending legislation that promises"}, {"start": "00:03:53", "end": "00:03:56", "text": "greater regulatory clarity. Again, if"}, {"start": "00:03:56", "end": "00:03:59", "text": "I'm going to be wrong, I will be wrong"}, {"start": "00:03:59", "end": "00:04:02", "text": "in front of everyone. But as I bring all"}, {"start": "00:04:02", "end": "00:04:04", "text": "of these things together, and we're"}, {"start": "00:04:04", "end": "00:04:05", "text": "going to dive into the Bitcoin dominance"}, {"start": "00:04:05", "end": "00:04:07", "text": "chart, altcoin chart, I want to look at"}, {"start": "00:04:07", "end": "00:04:09", "text": "Ethereum and Cardano as well. But as I"}, {"start": "00:04:09", "end": "00:04:12", "text": "evaluate all of these things,"}, {"start": "00:04:12", "end": "00:04:15", "text": "I can't I can't not be bullish right now"}, {"start": "00:04:15", "end": "00:04:17", "text": "after years of contraction on this PMI"}, {"start": "00:04:17", "end": "00:04:20", "text": "chart with with all these signals that"}, {"start": "00:04:20", "end": "00:04:22", "text": "are saying this thing might start"}, {"start": "00:04:22", "end": "00:04:24", "text": "expanding and when it has expanded in"}, {"start": "00:04:24", "end": "00:04:27", "text": "previous cycles, we know what crypto has"}, {"start": "00:04:27", "end": "00:04:29", "text": "done. Is that a guarantee that crypto"}, {"start": "00:04:29", "end": "00:04:31", "text": "will do it again? No. There we don't"}, {"start": "00:04:31", "end": "00:04:34", "text": "have that guarantee. But as an as a"}, {"start": "00:04:34", "end": "00:04:36", "text": "value investor in the space with"}, {"start": "00:04:36", "end": "00:04:38", "text": "everything that's going on right now,"}, {"start": "00:04:38", "end": "00:04:39", "text": "the ingredients could not look any"}, {"start": "00:04:39", "end": "00:04:42", "text": "better. And and everybody, that's not"}, {"start": "00:04:42", "end": "00:04:45", "text": "copium. I realize this has been this has"}, {"start": "00:04:45", "end": "00:04:47", "text": "been record-breaking contraction. This"}, {"start": "00:04:47", "end": "00:04:49", "text": "has been a very frustrating extended"}, {"start": "00:04:49", "end": "00:04:52", "text": "cycle. And it has obviously played out"}, {"start": "00:04:52", "end": "00:04:55", "text": "very strongly on something like the"}, {"start": "00:04:55", "end": "00:04:57", "text": "altcoin market cap chart that we see"}, {"start": "00:04:57", "end": "00:04:59", "text": "here. But let's talk about this. One"}, {"start": "00:04:59", "end": "00:05:00", "text": "thing that I really want to point out to"}, {"start": "00:05:00", "end": "00:05:03", "text": "you as we start this video today is I"}, {"start": "00:05:03", "end": "00:05:05", "text": "want to start on Bitcoin dominance. This"}, {"start": "00:05:05", "end": "00:05:07", "text": "is a story that I'm continually"}, {"start": "00:05:07", "end": "00:05:09", "text": "interested in. As you know, I did this"}, {"start": "00:05:09", "end": "00:05:11", "text": "video back in May. I'll continue to"}, {"start": "00:05:11", "end": "00:05:13", "text": "reference it because I'm just curious"}, {"start": "00:05:13", "end": "00:05:16", "text": "how this plays out. Altcoin's less risky"}, {"start": "00:05:16", "end": "00:05:18", "text": "than Bitcoin back here in May. Since"}, {"start": "00:05:18", "end": "00:05:20", "text": "then, we've fallen. I think it's"}, {"start": "00:05:20", "end": "00:05:23", "text": "probably 5 to 6%. And Bitcoin dominance"}, {"start": "00:05:23", "end": "00:05:25", "text": "right now, even with all the fear that"}, {"start": "00:05:25", "end": "00:05:28", "text": "is going on right now today, Bitcoin is"}, {"start": "00:05:28", "end": "00:05:31", "text": "below 100,000, altcoins are just looking"}, {"start": "00:05:31", "end": "00:05:33", "text": "like, man, are they ever going to get"}, {"start": "00:05:33", "end": "00:05:36", "text": "that like that move? Bitcoin dominance"}, {"start": "00:05:36", "end": "00:05:40", "text": "on today's daily chart down. So, I will"}, {"start": "00:05:40", "end": "00:05:42", "text": "not be faked out by this in the short"}, {"start": "00:05:42", "end": "00:05:44", "text": "term. I want to continue monitoring."}, {"start": "00:05:44", "end": "00:05:46", "text": "Even right now, we have the 50-day"}, {"start": "00:05:46", "end": "00:05:48", "text": "moving average. Very curious to see what"}, {"start": "00:05:48", "end": "00:05:51", "text": "happens here. uh nine hours left on this"}, {"start": "00:05:51", "end": "00:05:53", "text": "Bitcoin dominance daily close, but I"}, {"start": "00:05:53", "end": "00:05:55", "text": "will be watching that. But it really is"}, {"start": "00:05:55", "end": "00:05:57", "text": "the longer term on Bitcoin dominance if"}, {"start": "00:05:57", "end": "00:05:59", "text": "we go to the weekly that I will"}, {"start": "00:05:59", "end": "00:06:01", "text": "continually be watching. We are"}, {"start": "00:06:01", "end": "00:06:04", "text": "currently at the 20week moving average."}, {"start": "00:06:04", "end": "00:06:06", "text": "We wick to the 50week moving average"}, {"start": "00:06:06", "end": "00:06:08", "text": "like last week. But it's just that"}, {"start": "00:06:08", "end": "00:06:11", "text": "general range up to around 61%. I want"}, {"start": "00:06:11", "end": "00:06:13", "text": "to see what happens if Bitcoin dominance"}, {"start": "00:06:13", "end": "00:06:15", "text": "gets rejected as this 20we fell below"}, {"start": "00:06:15", "end": "00:06:19", "text": "the 50. we could see altcoins really"}, {"start": "00:06:19", "end": "00:06:20", "text": "make another power move similar to what"}, {"start": "00:06:20", "end": "00:06:24", "text": "happened back here June 2025 and again I"}, {"start": "00:06:24", "end": "00:06:26", "text": "did this video back here in May. What I"}, {"start": "00:06:26", "end": "00:06:27", "text": "want to point out to you on this Bitcoin"}, {"start": "00:06:27", "end": "00:06:30", "text": "dominance chart here is that green line"}, {"start": "00:06:30", "end": "00:06:33", "text": "that's the PMI chart. If that starts"}, {"start": "00:06:33", "end": "00:06:36", "text": "expanding and we do get liquidity and we"}, {"start": "00:06:36", "end": "00:06:39", "text": "do get crypto moving, I think we're"}, {"start": "00:06:39", "end": "00:06:41", "text": "closer to this environment where yeah,"}, {"start": "00:06:41", "end": "00:06:44", "text": "Bitcoin price can go up, but I think all"}, {"start": "00:06:44", "end": "00:06:46", "text": "coins will continue to outperform"}, {"start": "00:06:46", "end": "00:06:48", "text": "Bitcoin in that environment with a"}, {"start": "00:06:48", "end": "00:06:50", "text": "liquidity injection. And remember the"}, {"start": "00:06:50", "end": "00:06:53", "text": "confluence of two liquidity injections."}, {"start": "00:06:53", "end": "00:06:55", "text": "The shutdown ending, number one, that's"}, {"start": "00:06:55", "end": "00:06:57", "text": "a short term. And then number two is"}, {"start": "00:06:57", "end": "00:06:58", "text": "quantitative tightening ending. That is"}, {"start": "00:06:58", "end": "00:07:00", "text": "a long term. And again, I'm going to do"}, {"start": "00:07:00", "end": "00:07:04", "text": "a video later really dissect dissecting"}, {"start": "00:07:04", "end": "00:07:06", "text": "the story of quantitative tightening and"}, {"start": "00:07:06", "end": "00:07:08", "text": "quantitative easing. It's a newer story"}, {"start": "00:07:08", "end": "00:07:10", "text": "in terms of markets and market cycles."}, {"start": "00:07:10", "end": "00:07:12", "text": "Let's go look at the total crypto market"}, {"start": "00:07:12", "end": "00:07:13", "text": "cap chart excluding Bitcoin. This is"}, {"start": "00:07:13", "end": "00:07:16", "text": "what we're looking at. So, the thing"}, {"start": "00:07:16", "end": "00:07:18", "text": "that I just want to point out to you and"}, {"start": "00:07:18", "end": "00:07:19", "text": "then I I want to do some Ethereum and"}, {"start": "00:07:19", "end": "00:07:23", "text": "ADA analysis is just how well this chart"}, {"start": "00:07:23", "end": "00:07:26", "text": "has held up with the contraction of the"}, {"start": "00:07:26", "end": "00:07:29", "text": "PMI. That's all I want to say. We've"}, {"start": "00:07:29", "end": "00:07:31", "text": "been in a bare market in terms of"}, {"start": "00:07:31", "end": "00:07:32", "text": "liquidity. And look at the altcoin"}, {"start": "00:07:32", "end": "00:07:34", "text": "market cap chart. I know there's not"}, {"start": "00:07:34", "end": "00:07:38", "text": "been the 20 50x gains, the 10x gains in"}, {"start": "00:07:38", "end": "00:07:40", "text": "a month,"}, {"start": "00:07:40", "end": "00:07:41", "text": "but this is the strength of the market"}, {"start": "00:07:41", "end": "00:07:43", "text": "and liquidity just getting ready to"}, {"start": "00:07:43", "end": "00:07:45", "text": "begin. Before we dive into Ethereum and"}, {"start": "00:07:45", "end": "00:07:46", "text": "ADA, I want to just give a shout out to"}, {"start": "00:07:46", "end": "00:07:48", "text": "today's sponsor, taking it to that next"}, {"start": "00:07:48", "end": "00:07:50", "text": "level. Everybody, I'm I'm so excited to"}, {"start": "00:07:50", "end": "00:07:52", "text": "extend this collaboration with iTrust"}, {"start": "00:07:52", "end": "00:07:54", "text": "Capital. Go get set up with an account"}, {"start": "00:07:54", "end": "00:07:57", "text": "right now. a special offer, a $100"}, {"start": "00:07:57", "end": "00:08:00", "text": "funding bonus. iTrust Capital allows you"}, {"start": "00:08:00", "end": "00:08:04", "text": "to have a crypto IRA. You can make just"}, {"start": "00:08:04", "end": "00:08:06", "text": "tax-free trades within your IRA. If"}, {"start": "00:08:06", "end": "00:08:08", "text": "you're a macro investor, this product is"}, {"start": "00:08:08", "end": "00:08:10", "text": "one of the best products that you can"}, {"start": "00:08:10", "end": "00:08:12", "text": "have as a macro investor. If you're just"}, {"start": "00:08:12", "end": "00:08:14", "text": "kind of like, man, I'm sitting in"}, {"start": "00:08:14", "end": "00:08:16", "text": "Bitcoin through this part of the cycle."}, {"start": "00:08:16", "end": "00:08:18", "text": "And then when when Bitcoin is getting"}, {"start": "00:08:18", "end": "00:08:20", "text": "ready, maybe Bitcoin dominance if you"}, {"start": "00:08:20", "end": "00:08:21", "text": "think it's getting ready to fall and"}, {"start": "00:08:21", "end": "00:08:23", "text": "altcoin is going to make a move and you"}, {"start": "00:08:23", "end": "00:08:25", "text": "want to move Bitcoin to an altcoin, you"}, {"start": "00:08:25", "end": "00:08:27", "text": "can do it within your crypto IRA"}, {"start": "00:08:27", "end": "00:08:29", "text": "tax-free and you can just keep making"}, {"start": "00:08:29", "end": "00:08:32", "text": "these macro trades within your IRA if"}, {"start": "00:08:32", "end": "00:08:34", "text": "you're just like you're going to, you"}, {"start": "00:08:34", "end": "00:08:35", "text": "know, you're going to be just investing"}, {"start": "00:08:35", "end": "00:08:37", "text": "in the long term in the crypto space. So"}, {"start": "00:08:37", "end": "00:08:39", "text": "right now, I'll put the link below. This"}, {"start": "00:08:39", "end": "00:08:40", "text": "is a brand new page. I'm excited to have"}, {"start": "00:08:40", "end": "00:08:43", "text": "this page from It Trust Capital. $100"}, {"start": "00:08:43", "end": "00:08:45", "text": "funding bonus."}, {"start": "00:08:45", "end": "00:08:47", "text": "sign up through the link and fund your"}, {"start": "00:08:47", "end": "00:08:50", "text": "new iTrust Capital IRA. Uh, and you'll"}, {"start": "00:08:50", "end": "00:08:53", "text": "get that bonus. So, it takes very quick"}, {"start": "00:08:53", "end": "00:08:55", "text": "to get set up. So, click the link below,"}, {"start": "00:08:55", "end": "00:08:57", "text": "get set up. And I appreciate iTrust"}, {"start": "00:08:57", "end": "00:08:59", "text": "Capital for sponsoring today's video. I"}, {"start": "00:08:59", "end": "00:09:00", "text": "want to go to Ethereum and then we're"}, {"start": "00:09:00", "end": "00:09:01", "text": "going to look at that. Then we're going"}, {"start": "00:09:01", "end": "00:09:06", "text": "to look at ADA. Okay. So, in terms of"}, {"start": "00:09:06", "end": "00:09:08", "text": "Ethereum, even right now, if we look at"}, {"start": "00:09:08", "end": "00:09:10", "text": "the daily chart, you can see we are"}, {"start": "00:09:10", "end": "00:09:13", "text": "testing really this area that has been"}, {"start": "00:09:13", "end": "00:09:15", "text": "in play for support. Anyway, this lower"}, {"start": "00:09:15", "end": "00:09:18", "text": "trend line of a multi-year"}, {"start": "00:09:18", "end": "00:09:20", "text": "triangle and we've been tracking this,"}, {"start": "00:09:20", "end": "00:09:21", "text": "if you've been watching my analysis, you"}, {"start": "00:09:21", "end": "00:09:23", "text": "know the story. All the way back here,"}, {"start": "00:09:23", "end": "00:09:25", "text": "breaking to the downside came into play,"}, {"start": "00:09:25", "end": "00:09:27", "text": "the busted pattern, and now we're in the"}, {"start": "00:09:27", "end": "00:09:28", "text": "throwback."}, {"start": "00:09:28", "end": "00:09:31", "text": "I don't know if this is going to hold"}, {"start": "00:09:31", "end": "00:09:35", "text": "and we can only sit here, wait and see,"}, {"start": "00:09:35", "end": "00:09:38", "text": "but we are at the second touch of the"}, {"start": "00:09:38", "end": "00:09:40", "text": "lower trend line support. there is a"}, {"start": "00:09:40", "end": "00:09:43", "text": "possibility where we fall lower and we"}, {"start": "00:09:43", "end": "00:09:46", "text": "actually break that support. So with"}, {"start": "00:09:46", "end": "00:09:50", "text": "that in mind, I want to go over the kind"}, {"start": "00:09:50", "end": "00:09:52", "text": "of failsafe support for Ethereum that"}, {"start": "00:09:52", "end": "00:09:55", "text": "I'm watching. And it's very simple. It's"}, {"start": "00:09:55", "end": "00:09:59", "text": "a swing low back here to swing high back"}, {"start": "00:09:59", "end": "00:10:02", "text": "to Fibonacci for Ethereum. I will be"}, {"start": "00:10:02", "end": "00:10:03", "text": "watching and I'll also be looking at"}, {"start": "00:10:03", "end": "00:10:05", "text": "momentum on Ethereum when if this is"}, {"start": "00:10:05", "end": "00:10:07", "text": "happening. But swing low to swing high,"}, {"start": "00:10:07", "end": "00:10:10", "text": "this is what it looks like. It's the 786"}, {"start": "00:10:10", "end": "00:10:12", "text": "to 618. The 786 is down here around"}, {"start": "00:10:12", "end": "00:10:15", "text": "2,700. The 618 around 3200. You can see"}, {"start": "00:10:15", "end": "00:10:17", "text": "we're a little bit into that range. But"}, {"start": "00:10:17", "end": "00:10:19", "text": "if Ethereum continues to fall below this"}, {"start": "00:10:19", "end": "00:10:21", "text": "yellow trend line, that's a multi-year"}, {"start": "00:10:21", "end": "00:10:24", "text": "trend line. I would I would really enjoy"}, {"start": "00:10:24", "end": "00:10:27", "text": "seeing it act as support. But the way"}, {"start": "00:10:27", "end": "00:10:29", "text": "that these markets are right now,"}, {"start": "00:10:29", "end": "00:10:32", "text": "shortterm there can be a lot of"}, {"start": "00:10:32", "end": "00:10:36", "text": "volatility. We know that. But what is"}, {"start": "00:10:36", "end": "00:10:38", "text": "this doing? And even right now, you can"}, {"start": "00:10:38", "end": "00:10:41", "text": "see so far, and this can fail quickly,"}, {"start": "00:10:41", "end": "00:10:43", "text": "but we have kind of this higher low from"}, {"start": "00:10:43", "end": "00:10:46", "text": "this swing low into oversold that's kind"}, {"start": "00:10:46", "end": "00:10:48", "text": "of in play. And if you just look at the"}, {"start": "00:10:48", "end": "00:10:50", "text": "closes is a little bit of a bullish"}, {"start": "00:10:50", "end": "00:10:52", "text": "divergence. Now, what happens with this"}, {"start": "00:10:52", "end": "00:10:54", "text": "momentum really even in the coming days,"}, {"start": "00:10:54", "end": "00:10:57", "text": "I will be curious to watch and monitor."}, {"start": "00:10:57", "end": "00:10:58", "text": "A bounce here though for Ethereum would"}, {"start": "00:10:58", "end": "00:11:01", "text": "be a really nice kind of move. If not, I"}, {"start": "00:11:01", "end": "00:11:04", "text": "will be wa watching monitoring support"}, {"start": "00:11:04", "end": "00:11:07", "text": "down to around 2,700 for Cardano. I I I"}, {"start": "00:11:07", "end": "00:11:08", "text": "don't know if I mentioned this in a"}, {"start": "00:11:08", "end": "00:11:11", "text": "video recently, but I've been thinking"}, {"start": "00:11:11", "end": "00:11:13", "text": "it. I think I mentioned it. The business"}, {"start": "00:11:13", "end": "00:11:15", "text": "cycle chart, you all know we've tracked"}, {"start": "00:11:15", "end": "00:11:18", "text": "the green line. That's the PMI. Look at"}, {"start": "00:11:18", "end": "00:11:20", "text": "Cardano just trading with it. It's"}, {"start": "00:11:20", "end": "00:11:21", "text": "crazy. I don't know. There's no"}, {"start": "00:11:21", "end": "00:11:24", "text": "guarantees, but we get the injection or"}, {"start": "00:11:24", "end": "00:11:27", "text": "even a bounce in I don't know. It's not"}, {"start": "00:11:27", "end": "00:11:29", "text": "like it will be tomorrow, but perhaps in"}, {"start": "00:11:29", "end": "00:11:32", "text": "the next 30 days or so we get a bounce"}, {"start": "00:11:32", "end": "00:11:35", "text": "on the PMI. Just curious to see if"}, {"start": "00:11:35", "end": "00:11:37", "text": "Cardono just tracks along as it's been"}, {"start": "00:11:37", "end": "00:11:39", "text": "doing every time we get expansion. I"}, {"start": "00:11:39", "end": "00:11:42", "text": "don't know. Let's watch. Let's see. It's"}, {"start": "00:11:42", "end": "00:11:43", "text": "going to be fun to watch. But"}, {"start": "00:11:43", "end": "00:11:46", "text": "technically removing the PMI from the"}, {"start": "00:11:46", "end": "00:11:47", "text": "equation, removing that green green"}, {"start": "00:11:47", "end": "00:11:50", "text": "arrow or that green line. It's just like"}, {"start": "00:11:50", "end": "00:11:53", "text": "this higher low line, it just is what it"}, {"start": "00:11:53", "end": "00:11:56", "text": "is. I don't sit here saying I want"}, {"start": "00:11:56", "end": "00:11:59", "text": "Cardano to go there. I won't be like"}, {"start": "00:11:59", "end": "00:12:01", "text": "looking at the chart and then going over"}, {"start": "00:12:01", "end": "00:12:05", "text": "to wifey and being like, dude,"}, {"start": "00:12:06", "end": "00:12:08", "text": "it's falling into the 30s. I would not"}, {"start": "00:12:08", "end": "00:12:11", "text": "enjoy that. Okay, but I'm just looking"}, {"start": "00:12:11", "end": "00:12:13", "text": "at this and it's just like it's just"}, {"start": "00:12:13", "end": "00:12:16", "text": "there. you know, all the short-term"}, {"start": "00:12:16", "end": "00:12:18", "text": "volatility that we continually see as we"}, {"start": "00:12:18", "end": "00:12:21", "text": "as we just really do go through this"}, {"start": "00:12:21", "end": "00:12:23", "text": "contraction phase and we really do wait"}, {"start": "00:12:23", "end": "00:12:25", "text": "to see as crypto what's going to happen"}, {"start": "00:12:25", "end": "00:12:28", "text": "here. The short-term moves have been"}, {"start": "00:12:28", "end": "00:12:31", "text": "very difficult and it just we have to"}, {"start": "00:12:31", "end": "00:12:33", "text": "anticipate these moves. Right now, we're"}, {"start": "00:12:33", "end": "00:12:37", "text": "at 51 cents. It's crazy to see this area"}, {"start": "00:12:37", "end": "00:12:40", "text": "it, you know, over and over being"}, {"start": "00:12:40", "end": "00:12:42", "text": "tested. Will it hold? That's the"}, {"start": "00:12:42", "end": "00:12:43", "text": "question. and we can we can monitor and"}, {"start": "00:12:43", "end": "00:12:45", "text": "we can watch. This is a short-term thing"}, {"start": "00:12:45", "end": "00:12:46", "text": "though as we go into the weekend that I"}, {"start": "00:12:46", "end": "00:12:49", "text": "will be watching. But all the while it's"}, {"start": "00:12:49", "end": "00:12:50", "text": "more of a zoomed out thing for me. It's"}, {"start": "00:12:50", "end": "00:12:52", "text": "becoming a more zoomed out thing. I"}, {"start": "00:12:52", "end": "00:12:53", "text": "don't know if you saw my video"}, {"start": "00:12:53", "end": "00:12:56", "text": "yesterday. The style of the video was"}, {"start": "00:12:56", "end": "00:12:58", "text": "different in terms of what I was"}, {"start": "00:12:58", "end": "00:13:01", "text": "covering in the video. And I think I'm"}, {"start": "00:13:01", "end": "00:13:03", "text": "going to really start doing a lot of"}, {"start": "00:13:03", "end": "00:13:05", "text": "this type of style in terms of talking"}, {"start": "00:13:05", "end": "00:13:08", "text": "about the macro picture. this. I was"}, {"start": "00:13:08", "end": "00:13:10", "text": "just talking to my wife Sarah before I"}, {"start": "00:13:10", "end": "00:13:13", "text": "started recording and I was like I was"}, {"start": "00:13:13", "end": "00:13:15", "text": "just explaining to her when you really"}, {"start": "00:13:15", "end": "00:13:17", "text": "look at all the data outside of just"}, {"start": "00:13:17", "end": "00:13:21", "text": "crypto charts and technical analysis"}, {"start": "00:13:21", "end": "00:13:22", "text": "I just think it's going to be a very"}, {"start": "00:13:22", "end": "00:13:27", "text": "bullish 2026 and I told her I think"}, {"start": "00:13:27", "end": "00:13:28", "text": "there's going to be a very big crash"}, {"start": "00:13:28", "end": "00:13:32", "text": "after it all after it all happens and"}, {"start": "00:13:32", "end": "00:13:34", "text": "that's something we need to discuss and"}, {"start": "00:13:34", "end": "00:13:37", "text": "talk about but right now the setup that"}, {"start": "00:13:37", "end": "00:13:38", "text": "you see that I covered in yesterday's"}, {"start": "00:13:38", "end": "00:13:41", "text": "video is there and I want to continue"}, {"start": "00:13:41", "end": "00:13:43", "text": "diving into all of that data"}, {"start": "00:13:43", "end": "00:13:45", "text": "quantitative tightening you hear about"}, {"start": "00:13:45", "end": "00:13:47", "text": "all the time. What is it?"}, {"start": "00:13:47", "end": "00:13:50", "text": "What happened last cycle time frame"}, {"start": "00:13:50", "end": "00:13:51", "text": "wise? I want to start digging into these"}, {"start": "00:13:51", "end": "00:13:54", "text": "things and explaining them better. So, I"}, {"start": "00:13:54", "end": "00:13:56", "text": "appreciate you watching everybody. Let's"}, {"start": "00:13:56", "end": "00:13:58", "text": "monitor. Let's just keep kind of"}, {"start": "00:13:58", "end": "00:14:00", "text": "preparing for all scenarios. That's what"}, {"start": "00:14:00", "end": "00:14:02", "text": "I'm doing at least. These are just my"}, {"start": "00:14:02", "end": "00:14:04", "text": "thoughts, my opinions, my view of these"}, {"start": "00:14:04", "end": "00:14:06", "text": "markets. If you're not a subscriber,"}, {"start": "00:14:06", "end": "00:14:07", "text": "please subscribe. And if you're not in"}, {"start": "00:14:07", "end": "00:14:09", "text": "our intelligence system, hit the link"}, {"start": "00:14:09", "end": "00:14:11", "text": "below, get set up with the trial, see"}, {"start": "00:14:11", "end": "00:14:14", "text": "what you think. Um, interesting. ADA at"}, {"start": "00:14:14", "end": "00:14:17", "text": "25, the price was higher 45% of the time"}, {"start": "00:14:17", "end": "00:14:19", "text": "after 3 months, 81% of the time after"}, {"start": "00:14:19", "end": "00:14:21", "text": "the after one year. So, this is"}, {"start": "00:14:21", "end": "00:14:24", "text": "absolutely a pre-bull market number. I"}, {"start": "00:14:24", "end": "00:14:26", "text": "would say it's a pre-liquidity risk"}, {"start": "00:14:26", "end": "00:14:30", "text": "score and it's low. So, we'll see what"}, {"start": "00:14:30", "end": "00:14:31", "text": "happens. I appreciate you watching. I'll"}, {"start": "00:14:31", "end": "00:14:35", "text": "see you in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Psychedelic is absolutely wild and"}, {"start": "00:00:01", "end": "00:00:03", "text": "speechless. Current oneweek RSI has just"}, {"start": "00:00:03", "end": "00:00:04", "text": "tagged over so levels we've only seen"}, {"start": "00:00:04", "end": "00:00:06", "text": "before at the 2018 bare market bottom."}, {"start": "00:00:06", "end": "00:00:09", "text": "The COVID bottom, the 2022 local bottom"}, {"start": "00:00:09", "end": "00:00:11", "text": "18K. The selloff that we've seen in the"}, {"start": "00:00:11", "end": "00:00:13", "text": "last two weeks has been one for the"}, {"start": "00:00:13", "end": "00:00:15", "text": "effing record books. It is rare to see"}, {"start": "00:00:15", "end": "00:00:18", "text": "that kind of intense wild selling. Okay,"}, {"start": "00:00:18", "end": "00:00:21", "text": "but that's what we saw. Gamchan"}, {"start": "00:00:21", "end": "00:00:23", "text": "extremely high signal has never shown up"}, {"start": "00:00:23", "end": "00:00:25", "text": "anywhere except near bare market"}, {"start": "00:00:25", "end": "00:00:27", "text": "bottoms. The crazy thing here, we got a"}, {"start": "00:00:27", "end": "00:00:29", "text": "video coming on this in a few days for"}, {"start": "00:00:29", "end": "00:00:31", "text": "you guys. This is a crazy idea that I've"}, {"start": "00:00:31", "end": "00:00:32", "text": "seen people talk about. I started"}, {"start": "00:00:32", "end": "00:00:33", "text": "thinking about more. We've essentially"}, {"start": "00:00:33", "end": "00:00:35", "text": "been in a bare market since late 2024,"}, {"start": "00:00:35", "end": "00:00:38", "text": "early 2025. For altcoins, you'll know"}, {"start": "00:00:38", "end": "00:00:39", "text": "that's true. That's an obvious"}, {"start": "00:00:39", "end": "00:00:42", "text": "statement. But what but lark ETH went up"}, {"start": "00:00:42", "end": "00:00:44", "text": "to an all-time high. Bare market rally."}, {"start": "00:00:44", "end": "00:00:46", "text": "But Bitcoin hit new all highs. Yeah, but"}, {"start": "00:00:46", "end": "00:00:48", "text": "only by a few thousand more. Bare market"}, {"start": "00:00:48", "end": "00:00:50", "text": "rally driven largely by ETF pressure."}, {"start": "00:00:50", "end": "00:00:53", "text": "Sold didn't get a new high. And a lot of"}, {"start": "00:00:53", "end": "00:00:55", "text": "the altcoins went to new depths of"}, {"start": "00:00:55", "end": "00:00:57", "text": "insanity."}]

[{"start": "00:00:00", "end": "00:00:08", "text": "crypto. We're having a nice little bit of a a bounce after getting to some wildly oversold levels the other day. We"}, {"start": "00:00:08", "end": "00:00:14", "text": "talked about what's going on with that. The latest macro news, the latest crypto specific news, lots of interesting"}, {"start": "00:00:14", "end": "00:00:20", "text": "charts to share with you. We got a lot to talk about, so we're going to get straight into it. Of course, answer your questions. Second half of the stream."}, {"start": "00:00:20", "end": "00:00:25", "text": "Let's go. He's probably thinking of another girl. Will trading even work? Time's running"}, {"start": "00:00:25", "end": "00:00:32", "text": "out. Parents getting old. What do I do with my life? I need to stop wasting my time. Real vibes there, man. Real vibes."}, {"start": "00:00:32", "end": "00:00:39", "text": "10-year-old me versus 30-year-old me. Oh boy. Okay, so look, I posted this on uh"}, {"start": "00:00:39", "end": "00:00:45", "text": "Friday evening talking about the idea of a bare market. You know, people don't"}, {"start": "00:00:45", "end": "00:00:50", "text": "like using the B- word. It's pretty scary."}, {"start": "00:00:51", "end": "00:00:58", "text": "It's interesting to think about that throughout this broader bull market cycle, we've really seen multiple sort"}, {"start": "00:00:58", "end": "00:01:03", "text": "of mini bare cycles. You can call it much. Well, there's corrections lark."}, {"start": "00:01:03", "end": "00:01:08", "text": "Well, you know, we don't necessarily look at things happening in crypto in"}, {"start": "00:01:08", "end": "00:01:14", "text": "the same way we look at things happening in stocks. Like stock indexes are down 20%, that's a bare market. Bitcoin Dow"}, {"start": "00:01:14", "end": "00:01:19", "text": "goes down 30, 40, 50%. Yeah, it's just a correction. It's hard when you want to"}, {"start": "00:01:19", "end": "00:01:26", "text": "put things into this specific terminology. Anyway, the real fair of course is that we are in the big game"}, {"start": "00:01:26", "end": "00:01:31", "text": "now. The big bear is here and it's all going to be over for a very, very long"}, {"start": "00:01:31", "end": "00:01:41", "text": "time. Those altcoins that are already down 90%, they're going down another 99%. Repent for your sins now."}, {"start": "00:01:42", "end": "00:01:49", "text": "Or kind of a mini bear scenario. Tanya, what's up? Evening from New"}, {"start": "00:01:49", "end": "00:01:56", "text": "Zealand, she says. Good evening from Dubai. I was thinking about going to Queenstown the other day, but not for a while, mind you, but I think ah it' be"}, {"start": "00:01:56", "end": "00:02:03", "text": "nice and clean mountain air forests, the trees, mountains, go snowboarding or something. Anyways, different topic. So,"}, {"start": "00:02:03", "end": "00:02:08", "text": "you said New Zealand got me distracted. Anyway, okay. So, look, opposed to this, I'm read out for you. As long as we're"}, {"start": "00:02:08", "end": "00:02:14", "text": "trading under the 50we EMA, we are in a bare market. Now, it's easy to misconrue"}, {"start": "00:02:14", "end": "00:02:19", "text": "what I'm saying here, okay? That is just a fact. Anytime we've"}, {"start": "00:02:19", "end": "00:02:24", "text": "traded under the 50WE EMA, it's been a bad news situation. Does it mean it's"}, {"start": "00:02:24", "end": "00:02:30", "text": "the big baddie that's going to send everything down to zero?"}, {"start": "00:02:30", "end": "00:02:36", "text": "That's the big question. Or are we in a mini bear, which people just want to"}, {"start": "00:02:36", "end": "00:02:41", "text": "call it a correction? I know it's hard. It's especially Bitcoin. And I feel like Bitcoin is more like a S&P 500 or a"}, {"start": "00:02:41", "end": "00:02:48", "text": "NASDAQ. Again, when the NASDAQ or the SP500 go down 10%, that's a correction. They go down 20%, it's a bare market. We don't really use the same terminology in"}, {"start": "00:02:48", "end": "00:02:53", "text": "crypto. We just look at giant disgusting drops in the market and say, well, you know, whatever. It is what it is."}, {"start": "00:02:53", "end": "00:03:02", "text": "Anyway, the mini bear of April, we didn't actually lose the 50we EMA. We did lose the 200 day EMA, which as I say"}, {"start": "00:03:02", "end": "00:03:09", "text": "so many times is the bull bear line. Trading above that bullish, trading below that bearish. Okay."}, {"start": "00:03:09", "end": "00:03:16", "text": "So, what to watch now? Okay, what are we"}, {"start": "00:03:16", "end": "00:03:23", "text": "watching out for now? Here are the three scenarios. Number one, just go to Goblin Town. We're three"}, {"start": "00:03:23", "end": "00:03:29", "text": "hours away, three and a half hours away from the Americans waking up. You know, they just love selling everything to zero."}, {"start": "00:03:29", "end": "00:03:36", "text": "Yeah. Anyway, see what happens. Not super likely in my opinion. Okay."}, {"start": "00:03:36", "end": "00:03:42", "text": "Although the market is looking very very weak. Number two, we get a strong relief rally. But this is the thing. The higher"}, {"start": "00:03:42", "end": "00:03:47", "text": "the prices go, we were up seven or eight% 10% from the lows on Friday. Not"}, {"start": "00:03:47", "end": "00:03:54", "text": "bad. But we need to get up to $100,000. And that's a long way away from here."}, {"start": "00:03:54", "end": "00:03:59", "text": "Okay? Get up to $100,000 and you potentially then everyone start thinking, gosh darn it, we're so back."}, {"start": "00:03:59", "end": "00:04:05", "text": "And then you get the kiss of death."}, {"start": "00:04:05", "end": "00:04:11", "text": "That is the bearish underside retest of the 50we EMA becoming around $100,000."}, {"start": "00:04:11", "end": "00:04:18", "text": "Problematic. Okay. So, you need to actually see that getting taken out with some kind of conviction when we come up to that point. Uh the third is that we"}, {"start": "00:04:18", "end": "00:04:25", "text": "actually end up retaking the 50we EMA potentially before the end of the year. Okay? It may not be a V-shaped recovery"}, {"start": "00:04:25", "end": "00:04:31", "text": "where next week we're trading back at $100,000. People expect too much for the market. Sometimes we had an incredible amount of damage done. Market makers"}, {"start": "00:04:31", "end": "00:04:38", "text": "blew up. People got wiped out. Okay, so that right. But we do retake the 50we"}, {"start": "00:04:38", "end": "00:04:44", "text": "EMA when we resume upon.exe. Okay. The current crash has been largely"}, {"start": "00:04:44", "end": "00:04:51", "text": "driven by a whole variety of fears. Rate cuts aren't going to come. Japan's going to blow up. AI valuations are just a"}, {"start": "00:04:51", "end": "00:04:58", "text": "giant circle jerk. ETFs are selling. But the fact of the matter is the macro conditions still support risk-taking."}, {"start": "00:04:58", "end": "00:05:04", "text": "Okay, we're getting QT endning. We have rate cuts coming. World governments all over the world are printing gargantuan"}, {"start": "00:05:04", "end": "00:05:09", "text": "sums of money. Okay, ISM PMI is about to cross over 50 in the next couple months"}, {"start": "00:05:09", "end": "00:05:15", "text": "likely, which means that we're going to see an expansion of manufacturing. The services PMI is expanding. It went into"}, {"start": "00:05:15", "end": "00:05:21", "text": "significant expansion uh last month according to the data. So, we have a lot of positive things happening."}, {"start": "00:05:21", "end": "00:05:26", "text": "new Fed chair coming in May. Who's totally gonna just crash those rates,"}, {"start": "00:05:26", "end": "00:05:32", "text": "man. Anyway, that's kind of the general uh thesis I'm working on right now. We"}, {"start": "00:05:32", "end": "00:05:37", "text": "got to keep going here, guys. Uh Joe Carlosari, major US indices near"}, {"start": "00:05:37", "end": "00:05:43", "text": "all-time highs. Lots of speculative junk has been flushed. Names have been smoked after you're basically up only. This is the positive recess bull market."}, {"start": "00:05:43", "end": "00:05:52", "text": "Economic grows. By the way, the current projections are 4.2% man."}, {"start": "00:05:52", "end": "00:05:58", "text": "That's crazy. That's wild growth of the economy. Policy liquidity backdrop is supported. Policy makers show a bias to"}, {"start": "00:05:58", "end": "00:06:03", "text": "keep supporting. Uh are you still holding Pangu and pump fund? Yes, I'm going to update you guys on some of the"}, {"start": "00:06:03", "end": "00:06:09", "text": "portfolio changes I've done over the weekend. Moving a few things around, repositioning a little bit. I'll update"}, {"start": "00:06:09", "end": "00:06:15", "text": "you guys in that few minutes. Remind me. Okay. Bitcoin extremely oversold to Bitcoin RSI at or near the most oversold"}, {"start": "00:06:15", "end": "00:06:21", "text": "readings since the 2022 bottom. TJ's rebuilt AA2 survey bearish despite not"}, {"start": "00:06:21", "end": "00:06:26", "text": "even 10% from high specs are still net short S&P futures so many offside if"}, {"start": "00:06:26", "end": "00:06:32", "text": "this is a squeeze breath and tech have technically corrected there you go okay London crypto club the good news TJ is"}, {"start": "00:06:32", "end": "00:06:38", "text": "now down at $900 million $900 billion that's a circulating hundred billion"}, {"start": "00:06:38", "end": "00:06:43", "text": "coming into the market this week plus the Japanese stimulus package approved"}, {"start": "00:06:43", "end": "00:06:51", "text": "for $135 billion of more money dumping into the markets. Let's go. And a lot of other stuff, too. Fed rate cuts. We're"}, {"start": "00:06:51", "end": "00:06:57", "text": "back, baby. We go away. Comes back. We go away. It comes back."}, {"start": "00:06:58", "end": "00:07:04", "text": "Uh 73% now. Apparently 75% from most recent"}, {"start": "00:07:04", "end": "00:07:11", "text": "numbers I saw. Okay. Um knowledge 100x. I I've seen your"}, {"start": "00:07:11", "end": "00:07:17", "text": "comment about Vchain. just I try not to answer too many questions early on in the stream. I'll get through the news"}, {"start": "00:07:17", "end": "00:07:22", "text": "for you guys here. So, just hang tight. Answer the ask the question again later."}, {"start": "00:07:22", "end": "00:07:30", "text": "And um look, I see you've been living in North Korea and not Dubai this whole time."}, {"start": "00:07:30", "end": "00:07:36", "text": "What was he saying about the exchange selling off to cover their butts? Uh but not wanting to name names. Was Tom Lee"}, {"start": "00:07:36", "end": "00:07:42", "text": "who was saying that uh was not a market maker. Um some stuff happened. And we"}, {"start": "00:07:42", "end": "00:07:49", "text": "don't know who the market maker was that blew up, but somebody blew up and they've been relentlessly selling. Anyway, gosh darn it. Rate cuts 75%."}, {"start": "00:07:49", "end": "00:07:54", "text": "That's the current odds. This screenshot was from a few hours ago that George from Crypto Rush shared."}, {"start": "00:07:54", "end": "00:08:00", "text": "Okay, rate cuts are coming in three weeks, guys. Another just coming to 25 basis points. It really should be 50"}, {"start": "00:08:00", "end": "00:08:06", "text": "basis points. Let's keep it real. But Jerome Pal is going to keep being conservative, but it's enough fuel in the tank to keep the market speculating"}, {"start": "00:08:06", "end": "00:08:12", "text": "what's going to happen. The S&P 500 mini futures up 0.27% 27% today. Of course,"}, {"start": "00:08:12", "end": "00:08:18", "text": "it took a big dive here earlier in the day. It's like everybody around sort of uh"}, {"start": "00:08:18", "end": "00:08:23", "text": "a couple hours ago woke were like, \"Oh no, the Americans are going to wake up soon and start selling everything quick. Let's just, you know, pull back on the"}, {"start": "00:08:23", "end": "00:08:31", "text": "futures a little bit here, guys.\" Anyway, S&P 500 currently trading under the 20-day and the 50-day EMAs. That"}, {"start": "00:08:31", "end": "00:08:38", "text": "short-term showing a momentum issue. Obviously, has a crazy candle last week. If we correct down to the 200 day EMA,"}, {"start": "00:08:38", "end": "00:08:45", "text": "it's around uh 6,200. That would be based on the current numbers of opening around sort of bearish be another four"}, {"start": "00:08:45", "end": "00:08:51", "text": "or 5% down which would not be actually that crazy. That's the thing that would just actually be a standard correction"}, {"start": "00:08:51", "end": "00:08:57", "text": "which happens all the time in the stock market. Anyway, that's an interesting market makers. We"}, {"start": "00:08:57", "end": "00:09:03", "text": "triggered a week breath thrust on this pullback. Let's go breath thrust."}, {"start": "00:09:03", "end": "00:09:13", "text": "Last time we triggered was back in October's pullback. We rallied 6.35% to an all-time high. The time before that was April lows. who rallied 43%."}, {"start": "00:09:13", "end": "00:09:18", "text": "Fade not the Zigg Brett thrust, my friends. Not to say that's going to be positive"}, {"start": "00:09:18", "end": "00:09:25", "text": "for crypto, but yay for my stocks. Crypto. Anyway, S&P 500 oversold with"}, {"start": "00:09:25", "end": "00:09:31", "text": "lower Ballinger band. Solid setup for a dead cat bounce at the very least. Why do we have to throw the dead cats, man?"}, {"start": "00:09:31", "end": "00:09:36", "text": "Can we just leave dead cats in peace? Why are we trying to bounce the damn things? I don't I don't get it. Anyway,"}, {"start": "00:09:36", "end": "00:09:44", "text": "the flow horse feels like the S&P 500 heads lower. We have a lot of liquidity down here around 6,100 by the way. Uh,"}, {"start": "00:09:44", "end": "00:09:50", "text": "which be right around the 200 day EMA. A little bit lower, maybe wicking under that, but man, a lot of liquidity down"}, {"start": "00:09:50", "end": "00:09:56", "text": "there. Yeah. Market stats. Oversold breath. NASDAQ's"}, {"start": "00:09:56", "end": "00:10:05", "text": "Mlen oscillator fell to minus 62 days. Last 20 times has happened. NASDAQ rallied 85% of the time. one week later."}, {"start": "00:10:05", "end": "00:10:11", "text": "Those are the kind of odds I like. Good. You take take that betting a day a week, wouldn't you? Currently have no trades"}, {"start": "00:10:11", "end": "00:10:18", "text": "open. Waiting for a little more strength or the market to determine what's going what's going on here. I can wait until we take out the 20-day EMA to uh to put"}, {"start": "00:10:18", "end": "00:10:24", "text": "a move in here or at least to see some kind of structure forming up down here. So, no trades open currently. Of course,"}, {"start": "00:10:24", "end": "00:10:30", "text": "spot positions is a different conversation. If you want to start trading over on Bit Unix, by the way, where I'm doing a lot of my trading,"}, {"start": "00:10:30", "end": "00:10:36", "text": "though, no trades open right now today, but there'll be soon. I'll let you guys know as I as I make those trades. Anyway, if you want to join me over"}, {"start": "00:10:36", "end": "00:10:43", "text": "there, link down below. It's better time to sign up. The current bonus structure runs just for a few more days. So, you"}, {"start": "00:10:43", "end": "00:10:49", "text": "got to act fast if you want to get signed up, guys. Okay? This is an exchange available to anyone anywhere. They have the big coins, they got the"}, {"start": "00:10:49", "end": "00:10:56", "text": "little coins, they got the liquidity you guys are after for your trading that crazy deposit bonus. to get signed up. Put in 1,000 bucks, get back 200, 2,400,"}, {"start": "00:10:56", "end": "00:11:01", "text": "5,700, and they have these insane whale deposit modes. Look at this. 50K gets you five"}, {"start": "00:11:01", "end": "00:11:07", "text": "grand back. 100K, $10,000 freaking dollars."}, {"start": "00:11:07", "end": "00:11:14", "text": "It's crazy, man. Link down below. Go check it out. Very limited time offer only last for a few more days. So, hop on board. So,"}, {"start": "00:11:14", "end": "00:11:21", "text": "conflicting things here. Jim Kramer says, \"I don't think everything is fine with Bitcoin.\" That's a contrarian"}, {"start": "00:11:21", "end": "00:11:26", "text": "state. means Bitcoin should go up. Meanwhile, Eric Trump comes out saying, \"Now is a great time to buy Bitcoin.\""}, {"start": "00:11:26", "end": "00:11:32", "text": "Basically, every time Eric Trump saying it's a good time to buy, we go down to the depths of hell."}, {"start": "00:11:32", "end": "00:11:39", "text": "You ever see that video they do where they take a piece of bread with butter on one side and they strap it on the back of a cat and it creates like an"}, {"start": "00:11:39", "end": "00:11:45", "text": "infinite uh lich machine? Feel like that's the situation we're in right now. Well, really, just nobody knows anything"}, {"start": "00:11:45", "end": "00:11:50", "text": "which is fine. Psychedelic is absolutely wild. I'm speechless with current one week RSI just tagged over so low levels."}, {"start": "00:11:50", "end": "00:11:57", "text": "we've only seen before. The 2018 bare market bottom, the COVID bottom, the 2022 local bottom 18K, the sell-off that"}, {"start": "00:11:57", "end": "00:12:04", "text": "we've seen in the last two weeks has been one for the effing record books. It is rare to see that kind of intense wild"}, {"start": "00:12:04", "end": "00:12:10", "text": "selling. Okay, but that's what we saw. Gam Chan extremely high signal has shown"}, {"start": "00:12:10", "end": "00:12:16", "text": "up uh never shown up anywhere except near bare market bottoms. The crazy thing here, we got a video coming on"}, {"start": "00:12:16", "end": "00:12:22", "text": "this in a few days for you guys. This is a crazy idea that I've seen people talk about. I started thinking about more. We've essentially been in a bare market"}, {"start": "00:12:22", "end": "00:12:29", "text": "since late 2024, early 2025. For altcoins, you'll know that's true. That's an obvious statement. But what?"}, {"start": "00:12:29", "end": "00:12:34", "text": "But lark, ETH went up to an all-time high. Bare market rally. But Bitcoin hit"}, {"start": "00:12:34", "end": "00:12:41", "text": "new all highs. Yeah, but only by a few thousand dollars more. Bare market rally. Driven largely by ETF pressure."}, {"start": "00:12:41", "end": "00:12:47", "text": "Sold didn't get a new high. And a lot of the altcoins went to new depths of insanity. Anyway,"}, {"start": "00:12:47", "end": "00:12:54", "text": "Queensland, Australia, what is up? Nice to see you. Nice to see you. So, continuing"}, {"start": "00:12:54", "end": "00:13:00", "text": "game chain again, when people say the selling is a natural, it's the worst ever seen. It's literally the worst. As"}, {"start": "00:13:00", "end": "00:13:08", "text": "much of a statistical anomaly as the COVID crash. Literally the worst."}, {"start": "00:13:08", "end": "00:13:14", "text": "Think about it. Think about it. It's pretty crazy stuff, man."}, {"start": "00:13:14", "end": "00:13:20", "text": "You've been here. You've you in the last 6 weeks, you lived through the biggest liquidation event ever in the history of"}, {"start": "00:13:20", "end": "00:13:28", "text": "crypto. Okay. You also lived through what was literally one of the worst sell-offs in the history of crypto."}, {"start": "00:13:28", "end": "00:13:35", "text": "Crazy [ __ ] man. What fun markets we invest in, my friends. Anyway,"}, {"start": "00:13:35", "end": "00:13:42", "text": "Marty Party, kill these shorts. Binance on Binance. They're getting cocky at $100,000. 11 billion of shorts we"}, {"start": "00:13:42", "end": "00:13:48", "text": "liquidated. Hit those dirty bears. High altitude initude investing posted"}, {"start": "00:13:48", "end": "00:13:54", "text": "this price action reminds me of 2016 more than anything else. Oh my god. Imagine if that imagine if that plays"}, {"start": "00:13:54", "end": "00:14:00", "text": "out, man. And we just giga pump like to 180 in the next few months. I just it"}, {"start": "00:14:00", "end": "00:14:05", "text": "would break so many people. It would be wild. Anyway, interesting one here from"}, {"start": "00:14:05", "end": "00:14:11", "text": "Julian Battel. Read his TLDDR here. He said this market"}, {"start": "00:14:11", "end": "00:14:19", "text": "is oversold but bottoms take time to form. So it's the Bitcoin 14day RSI. You"}, {"start": "00:14:19", "end": "00:14:25", "text": "can see at a wild wild low the kind of lows again if you're looking at the"}, {"start": "00:14:25", "end": "00:14:32", "text": "charts there's two things to take away from the charts. One we have problems like losing the 50we EMA which is generally a bearish signal that a bare"}, {"start": "00:14:32", "end": "00:14:38", "text": "the big bear starting right but then you have all these other signals that come in and be like [ __ ] these are actually the kind of signals we see at the bottom"}, {"start": "00:14:38", "end": "00:14:45", "text": "of a bare market. which I think lends the mini bear thesis that things got too oversold too fast."}, {"start": "00:14:45", "end": "00:14:52", "text": "The macro conditions are still highly supportive of new highs in 2026. Maybe stocks go to new highs and crypto"}, {"start": "00:14:52", "end": "00:14:58", "text": "doesn't. That's always uh possible too because you know this is the kind of weird market we invest in. James posted"}, {"start": "00:14:58", "end": "00:15:06", "text": "this also from Julian Patel. Bitcoin following the average of the last five times its RSI was below 30. Now the key"}, {"start": "00:15:06", "end": "00:15:11", "text": "thing to note here on this chart is that the initial uh price move down is often"}, {"start": "00:15:11", "end": "00:15:17", "text": "followed by a second move into a slightly lower area be like 75 76k or"}, {"start": "00:15:17", "end": "00:15:24", "text": "something like that if that were to play out like that. No guarantees of course that's how it'll play out but fascinating"}, {"start": "00:15:24", "end": "00:15:30", "text": "Polaris XBT Bitcoin uh longs on by the Bitfinex whales continue to grind"}, {"start": "00:15:30", "end": "00:15:35", "text": "higher. The Bitfinex whales will not be defeated. Keep buying."}, {"start": "00:15:35", "end": "00:15:41", "text": "William, what's up? Hi from Denmark. Always a pleasure. You lift the spirits. Let's hope for a Christmas miracle."}, {"start": "00:15:41", "end": "00:15:47", "text": "Santa Claus, let's do it, man. Santa rally. Let's go."}, {"start": "00:15:48", "end": "00:15:54", "text": "Charting guy. This is interesting take actually. And 99% of people under the assumption of a few things. They think the top is in. Relief rally will be a"}, {"start": "00:15:54", "end": "00:16:01", "text": "lower high. No altcoin season. Bitcoin to 50k October 26. The interesting thing about consensus takes"}, {"start": "00:16:01", "end": "00:16:06", "text": "is that almost none of the consensus takes have been right this cycle. Things"}, {"start": "00:16:06", "end": "00:16:11", "text": "we thought from previous cycles have not played out. Information that we thought"}, {"start": "00:16:11", "end": "00:16:17", "text": "was valid has turned out to be invalid. Indicators we thought to be valid has also turned out to be valid. We ashamed"}, {"start": "00:16:17", "end": "00:16:23", "text": "if the market continues doing exactly the opposite of what everyone thinks is going to happen, wouldn't it? Because it's certainly contrarian take right now"}, {"start": "00:16:23", "end": "00:16:29", "text": "that things can be okay later. Super trades posted this forward returns for Bitcoin after short long-term holder in"}, {"start": "00:16:29", "end": "00:16:35", "text": "profit is under eight which currently is you can see most of the time"}, {"start": "00:16:35", "end": "00:16:41", "text": "a month later or 3 weeks later we're okay but two months later in every"}, {"start": "00:16:41", "end": "00:16:47", "text": "example going back to 2019 mind you so it's not totally historical anyway going"}, {"start": "00:16:47", "end": "00:16:54", "text": "back to 2019 this data shows that every time two months later prices are significantly higher. Now, it's worth"}, {"start": "00:16:54", "end": "00:17:01", "text": "pointing out that if we get on the lower end of the scale to like a 16 or 20% move up, that does not take us back to"}, {"start": "00:17:01", "end": "00:17:06", "text": "new all-time highs. Okay? But on the higher end of the scale, it"}, {"start": "00:17:06", "end": "00:17:13", "text": "does take us to new highs. Just FYI, here's another bit of a bullish opium here for you. The next chapter for"}, {"start": "00:17:13", "end": "00:17:19", "text": "Bitcoin will shock the world. Interesting. You can see here we got this uh"}, {"start": "00:17:19", "end": "00:17:24", "text": "crossover. that's happened like in previous times that have started signal the start of the massive bull run"}, {"start": "00:17:24", "end": "00:17:30", "text": "periods. Swiss block posting this one. The riskoff signals just inches away from"}, {"start": "00:17:30", "end": "00:17:36", "text": "citulation zone. The same zone as marked major BTC bottoms in the past years. There's so much information saying,"}, {"start": "00:17:36", "end": "00:17:41", "text": "\"Hey, likely at least a short-term bottom is"}, {"start": "00:17:41", "end": "00:17:46", "text": "in.\" Okay, I would rather listen to my dog than to"}, {"start": "00:17:46", "end": "00:17:51", "text": "Tate. That depends what kind Some some dogs"}, {"start": "00:17:51", "end": "00:17:58", "text": "give some pretty good advice, man. My dad was telling me the story about how one time uh him and my brother went"}, {"start": "00:17:58", "end": "00:18:04", "text": "out and they were, you know, had a had a couple beers and, you know, maybe a little bit of the the devil's grass"}, {"start": "00:18:04", "end": "00:18:10", "text": "after a hard day at at work there and uh they were driving home and at some point they said, \"Well, the dog just started"}, {"start": "00:18:10", "end": "00:18:16", "text": "driving the truck, man. We just let him drive the whole way home.\" I like, \"Dad, dad, what are you talking about? The dog"}, {"start": "00:18:16", "end": "00:18:24", "text": "started driving the truck. The dog started driving the truck.\" Like, like, okay, you guys devil's grass, man. Anyway,"}, {"start": "00:18:24", "end": "00:18:30", "text": "different story. Seller exhaustion could be here. We are in bare euphoria right"}, {"start": "00:18:30", "end": "00:18:36", "text": "now. Well, maybe we're out of bare for now. We're perhaps in bare paranoia. We're like, it's okay. This is just a"}, {"start": "00:18:36", "end": "00:18:42", "text": "brief relief rally. We're going to go a lot lower, right? You know, bare complacency potentially coming in."}, {"start": "00:18:42", "end": "00:18:47", "text": "Anyway, uh Bitcoin realized loss of a surge of"}, {"start": "00:18:47", "end": "00:18:52", "text": "levels last seen during the FTX collapse of short-term holders driving the bulk of the capitulation. Major capitulation"}, {"start": "00:18:52", "end": "00:18:58", "text": "again. One of the worst sell-offs crazily. Only going from 126 down to 80. One of the worst selloffs in crypto history,"}, {"start": "00:18:58", "end": "00:19:04", "text": "man. It's absolutely nuts. Bitcoin back the neckline support of the inverse head and shoulders pattern that broke out in"}, {"start": "00:19:04", "end": "00:19:10", "text": "November 24. This is wild, man. This is a wild chart right here. Okay, that is some wild freaking if you believe that's"}, {"start": "00:19:10", "end": "00:19:18", "text": "going to play out because that gives you an insane price target. Basically from 15K up to 75 65"}, {"start": "00:19:18", "end": "00:19:26", "text": "uh about uh 150k from uh price uh quick quick napkin math here. Okay."}, {"start": "00:19:26", "end": "00:19:33", "text": "That wasn't grasslock. That was something else. Date speaks the truth and reality and"}, {"start": "00:19:33", "end": "00:19:40", "text": "people hate uh the truth and reality. You know, it's always it's always complicated with um"}, {"start": "00:19:40", "end": "00:19:45", "text": "uh some of these characters, right? I've never met Andrew Ted. I haven't seen a whole lot of his content. Obviously,"}, {"start": "00:19:45", "end": "00:19:52", "text": "videos pop up on social media. It's interesting. People like to take"}, {"start": "00:19:52", "end": "00:20:00", "text": "the entire package, right? If I agree with any one thing that person says, then everything's bad. And he's got some"}, {"start": "00:20:00", "end": "00:20:07", "text": "interesting points on stuff. Some of his other points, h you know, fine. Find what's useful. As always, you don't need"}, {"start": "00:20:07", "end": "00:20:13", "text": "to give it to any one particular dogma. Okay, this person says things I'm going to follow. everything that person says in my life. Person says something you"}, {"start": "00:20:13", "end": "00:20:21", "text": "think has value, interesting. A person says something that challenges your perspective on the world, interesting. Learn from that. Okay? If they talk too"}, {"start": "00:20:21", "end": "00:20:26", "text": "much [ __ ] just find someone else to listen to. Anyway, Bitcoin, check this"}, {"start": "00:20:26", "end": "00:20:31", "text": "out. This the weekly, obviously, last week we also closed under the 50we EMA,"}, {"start": "00:20:31", "end": "00:20:37", "text": "which is bad news. Okay, until we retake the 50-day uh 50we EMA, which by the way"}, {"start": "00:20:37", "end": "00:20:44", "text": "is curving down now. Of course, it is. that freaking price action, man. Until we reclaim that, currently it's around"}, {"start": "00:20:44", "end": "00:20:52", "text": "say $100,000 approximately, a little bit under a little 100k, 997 or something like that. Until we reclaim that,"}, {"start": "00:20:52", "end": "00:20:59", "text": "you know, we are in a uh in a pain situation. You don't give answers to questions, I'm unsubscribing,"}, {"start": "00:20:59", "end": "00:21:04", "text": "my man. As I always say, please wait until the second half of the stream. We're almost there. We got a few more"}, {"start": "00:21:04", "end": "00:21:10", "text": "news stories to get through. I'll be taking your questions, okay? As many as we can. I appreciate that not everybody"}, {"start": "00:21:10", "end": "00:21:15", "text": "has the time to get there. Uh I'd like to present the news a little bit for you guys first and then we'll get to the uh"}, {"start": "00:21:15", "end": "00:21:23", "text": "question and answer session of the stream. Okay. Um hope you can appreciate that. If you can't wait around for that"}, {"start": "00:21:23", "end": "00:21:30", "text": "then peace be upon you my friend. Okay. Continuing uh the daily chart here in Bitcoin. A lot of stuff to get through today guys. I just wanted to you know"}, {"start": "00:21:30", "end": "00:21:38", "text": "point that out here but we're almost there. I got a few more few more slides to get through here. Bitcoin on the daily. I do like this daily chart here"}, {"start": "00:21:38", "end": "00:21:43", "text": "from Friday. That looks like a capitulation uh candle because we had strong buy pressure pushing it back up."}, {"start": "00:21:43", "end": "00:21:49", "text": "That's a pin, right? Potential bull pin here. So, plus we had capitulation"}, {"start": "00:21:49", "end": "00:21:55", "text": "volume which is also good. Okay, I like it."}, {"start": "00:21:55", "end": "00:22:01", "text": "I will sell the lower high. Ah, everybody's thinking it. Everybody's"}, {"start": "00:22:01", "end": "00:22:09", "text": "thinking it, aren't they? Dollar dominance pulled back a little bit after surging to almost a 9.5%"}, {"start": "00:22:09", "end": "00:22:16", "text": "over the weekend. Pulling back a little bit today. Let's see if we can actually get a a substantive pullback on that"}, {"start": "00:22:16", "end": "00:22:22", "text": "here. Currently, we see dollar dominance surging, which is not the kind of thing you want to see uh for the bulls here,"}, {"start": "00:22:22", "end": "00:22:28", "text": "okay? You want that money to start flowing back into all the the random altcoins, right? E3 testing legacy"}, {"start": "00:22:28", "end": "00:22:35", "text": "regression band. Anything from here has always been the buy opportunity zone. ETH currently at 2,800 bucks."}, {"start": "00:22:35", "end": "00:22:43", "text": "Very similar chart on ETH in terms of a potential bottoming chart at least for a shortterm local low. We got very"}, {"start": "00:22:43", "end": "00:22:49", "text": "oversold on the RSI. We still continue these downtrends with MACD with the RSI bull pin here potentially forming up on"}, {"start": "00:22:49", "end": "00:22:54", "text": "that Friday candle. Now you need to see the bulls get us back over the 20-day"}, {"start": "00:22:54", "end": "00:23:01", "text": "EMA in the very short term. Okay, so that's 10% higher. 13% higher for the price. really makes"}, {"start": "00:23:01", "end": "00:23:06", "text": "you realize how insanely insanely"}, {"start": "00:23:06", "end": "00:23:13", "text": "oversold everything got. You know, Bitcoin, Ethereum, Salana, these things take like"}, {"start": "00:23:13", "end": "00:23:20", "text": "10 15% higher to get back to just the 20day EMA right now. It's that's rare to"}, {"start": "00:23:20", "end": "00:23:27", "text": "see that much of a price disconnect come in. Okay, Salana here. There there's your Hopium line right there. Bada bing,"}, {"start": "00:23:27", "end": "00:23:32", "text": "bada boom. Uh Salana much like um Ethereum has these big nice downtrends"}, {"start": "00:23:32", "end": "00:23:39", "text": "coming in here. Interestingly Salana threatening us with a good time that it could be when things start to turn"}, {"start": "00:23:39", "end": "00:23:45", "text": "around the fastest horse out of the gates because we have a potential bullish crossover forming up here for"}, {"start": "00:23:45", "end": "00:23:53", "text": "Salana. Now if that plays out and by the way you can see the RSI here uh downtrend as well."}, {"start": "00:23:53", "end": "00:24:00", "text": "Whether you want to take it from there or from here, we've had a basically in a complete freaking reset here from the"}, {"start": "00:24:00", "end": "00:24:06", "text": "peak back in July right down here from overbought to oversold. We've run the"}, {"start": "00:24:06", "end": "00:24:13", "text": "full gauntlet here. Now, when we start getting expansion on the other side, that's when big things"}, {"start": "00:24:13", "end": "00:24:18", "text": "start happening. That's a big potential move brewing up here again, assuming that uh we can see the market turn"}, {"start": "00:24:18", "end": "00:24:24", "text": "around and things don't happen overnight. Things don't happen immediately. Okay."}, {"start": "00:24:25", "end": "00:24:30", "text": "Look at the charts, homeboy. Rallying where to the bottom. There are very clear invalidation points for um things"}, {"start": "00:24:30", "end": "00:24:38", "text": "going lower. Okay. And until we retake at least the 20-day EMA, which again 10 to 15% rallies required right now and"}, {"start": "00:24:38", "end": "00:24:44", "text": "that that EMA will drop pretty quickly, but still just from the current levels, 10 to 15% price pumps needed for"}, {"start": "00:24:44", "end": "00:24:51", "text": "Bitcoin, Ethereum, Salana to get back over the 20-day EMA. That's some extreme damage. Okay. And of course, the way the"}, {"start": "00:24:51", "end": "00:24:56", "text": "market is, the second we start getting up to the 20-day EMA, you have to watch for a potential rejection"}, {"start": "00:24:56", "end": "00:25:04", "text": "and a short opportunity, you need to break beyond that key moving average, short-term moving average with volume."}, {"start": "00:25:04", "end": "00:25:12", "text": "Okay. Okay. Fartcoin. Wait, what?"}, {"start": "00:25:12", "end": "00:25:17", "text": "Why? Why is this here? Be gone. Be gone, foul beast. What are you doing back in"}, {"start": "00:25:17", "end": "00:25:22", "text": "my life? Fartcoin. Apparently, this getting a lot of trend"}, {"start": "00:25:22", "end": "00:25:28", "text": "on social media right now. I'm not trading this, but um coming up to the 20-day EMA here, you know, if it breaks"}, {"start": "00:25:28", "end": "00:25:35", "text": "out beyond, let's say, 27 cents, could be gearing up for a move. Just saying, guys. It's been an interesting downtrend"}, {"start": "00:25:35", "end": "00:25:40", "text": "here for the old fartcoin, it could be the uh big"}, {"start": "00:25:40", "end": "00:25:46", "text": "risk indicator in the market. Anyway,"}, {"start": "00:25:46", "end": "00:25:53", "text": "Matthew Highland with this one. Feds QT here. Major bull market starts here. Fed ends QT here. How close could we be?"}, {"start": "00:25:53", "end": "00:25:58", "text": "Close than a lot of people may think. Others BTC weekly. Five years of a"}, {"start": "00:25:58", "end": "00:26:04", "text": "falling wedge consolidation pattern for the altcoin market. Think about it. Look at that. Now, of course, the problem is"}, {"start": "00:26:04", "end": "00:26:09", "text": "you can still go back down to the bottom of the wedge support or you can break out and go to the"}, {"start": "00:26:09", "end": "00:26:16", "text": "upside. And Valhalla awaits us. Patience. Patience. Alex from uh uh"}, {"start": "00:26:16", "end": "00:26:24", "text": "Nansen posted this. Cardano has no users got hacked by a vibe coder this weekend and is still at $18 billion."}, {"start": "00:26:24", "end": "00:26:30", "text": "Monad Monad 7X from token sale flips Cardano. Man, Cardano, man, I tell you, it's"}, {"start": "00:26:30", "end": "00:26:37", "text": "crazy stuff. Anyway, Mark Moss posted this. Do you wonder why Zcash showing up everywhere all of a sudden? He got this"}, {"start": "00:26:37", "end": "00:26:43", "text": "message. Hi, I'm Tom. Zcash is basically a Bitcoin privacy superpower. You choose what stays public stays hidden. if"}, {"start": "00:26:43", "end": "00:26:50", "text": "you're interested in doing a collaboration with Zcash for a real. Now look, I don't know if these people are"}, {"start": "00:26:50", "end": "00:26:57", "text": "actually representing um the Zcash Foundation, but it is interesting that all the sudden Zcash"}, {"start": "00:26:57", "end": "00:27:02", "text": "are just suddenly everywhere, isn't it? Uh Willie Woo saying, \"When did they"}, {"start": "00:27:02", "end": "00:27:08", "text": "ping you, Mark? I have a similar story, too. I got a DM on the 30th of July this year from within Silicon Valley elite"}, {"start": "00:27:08", "end": "00:27:14", "text": "circles.\" Okay, that's interesting."}, {"start": "00:27:15", "end": "00:27:22", "text": "interesting doesn't mean Zcash is bad. Any of that"}, {"start": "00:27:22", "end": "00:27:28", "text": "kind of stuff, but those are some interesting messages, aren't they?"}, {"start": "00:27:28", "end": "00:27:35", "text": "Leave you to draw your own conclusions. Many such cases, you know, we do a lot of sponsorships on on the channel. Well,"}, {"start": "00:27:35", "end": "00:27:42", "text": "maybe not a lot, but we do some sponsorships on the channels. you know, maybe a couple posts a week are sponsored uh either on X or on um here"}, {"start": "00:27:42", "end": "00:27:48", "text": "on YouTube. I always tell you guys, hey, thanks to, you know,"}, {"start": "00:27:48", "end": "00:27:54", "text": "Bob's CryptoShack for, you know, sponsoring today's video or whatever. It's fine, right? Or we do affiliate"}, {"start": "00:27:54", "end": "00:28:00", "text": "marketing. It's fine. But there's been a trend and we I say no to"}, {"start": "00:28:00", "end": "00:28:05", "text": "a lot of deals because often people will come and say, \"Well, but it's got to be organic marketing work.\" Okay? we don't"}, {"start": "00:28:05", "end": "00:28:12", "text": "want you to say it's a sponsored post. You have to just pretend like you magically found this thing out in the [ __ ] wilderness. And I'm like, one,"}, {"start": "00:28:12", "end": "00:28:17", "text": "get [ __ ] Two, no. Basically, so uh"}, {"start": "00:28:17", "end": "00:28:23", "text": "look, I am not making any accusation against anybody here. Um because but you've seen a lot of people uh shilling this. Some people have been in Zcash for"}, {"start": "00:28:23", "end": "00:28:29", "text": "a long time and I don't know the veracity of these stories, but just you know, keep an open mind. Everything"}, {"start": "00:28:29", "end": "00:28:37", "text": "guys, there's a lot of stuff a lot of stuff out there. It's actually sponsored content uh that simply does"}, {"start": "00:28:37", "end": "00:28:45", "text": "not appear to be sponsored. Okay, just keep your heads about you. Grayscale Dogecoin ETF is out, baby. Also, XRP"}, {"start": "00:28:45", "end": "00:28:50", "text": "ETFs start trading on uh Monday. So, both start trading on Monday, which is today in markets. Anyway, Dogecoin looks"}, {"start": "00:28:50", "end": "00:28:56", "text": "like this. Now, XRP ETFs, those could bring in some real money because people for some reason still [ __ ] love XRP."}, {"start": "00:28:56", "end": "00:29:04", "text": "Now, that being said, the ability of ETF inflows to affect"}, {"start": "00:29:04", "end": "00:29:10", "text": "Dogecoin have a potential to be much higher simply because it's such a smaller"}, {"start": "00:29:10", "end": "00:29:19", "text": "market cap compared to XRP. What's Dogecoin $20 billion or something and XRP is 150 billion. Just saying, guys."}, {"start": "00:29:19", "end": "00:29:27", "text": "Just saying. Anyway, if you guys want to hop on the Black Friday deal. There's still five days to go. Okay, this is our"}, {"start": "00:29:27", "end": "00:29:32", "text": "craziest deal ever. It's a 40% off discount. You'll get into the Discord. We can talk with me and the rest of the"}, {"start": "00:29:32", "end": "00:29:38", "text": "team. Okay, you get our premium investor reports. That's a weekly stock report."}, {"start": "00:29:38", "end": "00:29:43", "text": "That is a weekly crypto report, DeFi report, trade setups, and much more. And"}, {"start": "00:29:43", "end": "00:29:51", "text": "you're going to get all our courses for free. That's Bitcoin course, that's the altcoin course, and that's our trading course. Awesome deal. Go check it out."}, {"start": "00:29:51", "end": "00:29:58", "text": "Very limited time offer. So, hop on board. Thank you very much. So, holy cow, that's a half hour. We had a lot of"}, {"start": "00:29:58", "end": "00:30:03", "text": "stuff to get through. I know, I know, I know. I'm always trying to make these things a little shorter. Never seems to"}, {"start": "00:30:03", "end": "00:30:10", "text": "happen, does it? Now, I want to let you guys know about a few small portfolio updates uh enacted over the weekend."}, {"start": "00:30:10", "end": "00:30:17", "text": "Nothing too big, but I don't think it's reflected currently on our"}, {"start": "00:30:17", "end": "00:30:22", "text": "portfolio page. We only update that on Saturdays. Anyway, that being said,"}, {"start": "00:30:22", "end": "00:30:31", "text": "hydrate first. Look how ridiculously big this bottle is. Hydrate first. First first and foremost."}, {"start": "00:30:38", "end": "00:30:43", "text": "Navas just got here. Has he roasted Cardano yet? Uh, kind of. Sort of. Not"}, {"start": "00:30:43", "end": "00:30:49", "text": "really. We just brought up that uh Cardano got uh vibe code hacked over the"}, {"start": "00:30:49", "end": "00:30:54", "text": "weekend. Oh my gosh. Lar is giving away turkeys to everyone who likes and shares"}, {"start": "00:30:54", "end": "00:30:58", "text": "this link."}, {"start": "00:31:01", "end": "00:31:08", "text": "Okay. Okay. Real quick though. Seriously, serious talk guys. Um quick portfolio updates. So"}, {"start": "00:31:08", "end": "00:31:15", "text": "cut a few things on the end of the risk spectrum. uh SQD kind of closestish to break even."}, {"start": "00:31:15", "end": "00:31:22", "text": "Probably lost a little money on it, but um I took some props off the table on that one when it was pumping for the"}, {"start": "00:31:22", "end": "00:31:27", "text": "digital asset treasury thing. So took that money. I also sold Athena for right"}, {"start": "00:31:27", "end": "00:31:33", "text": "or for wrong. I feel like it's still kind of well when being blamed for the 1010 thing was because I'm really their"}, {"start": "00:31:33", "end": "00:31:41", "text": "fault. Anyway, took that money, paid off a loan that I had versus Salana. So, what I've been doing with Salana is every time I'm buying Salana on spot,"}, {"start": "00:31:41", "end": "00:31:47", "text": "I've also been buying uh you know, let's say buy 100 Salana and I'll take a loan to buy 20 more. That was starting to"}, {"start": "00:31:47", "end": "00:31:53", "text": "make me paranoid. So, I was like, you know what, just take a little bit of that risk off in the portfolio. I'm happy holding the Salana. That's not a"}, {"start": "00:31:53", "end": "00:32:00", "text": "problem. So, use the money from those to pay that down. AI16 Zed cut that."}, {"start": "00:32:00", "end": "00:32:06", "text": "Honestly, it was already whacked before the end of the week, so good."}, {"start": "00:32:06", "end": "00:32:12", "text": "Shaw stole the money again, guys. He's the dev over at Eliza OS. I don't know."}, {"start": "00:32:12", "end": "00:32:20", "text": "I could see that one absolutely ripping at some point, but there's been so much [ __ ] with that team, honestly. Anyway, it's got that one. Uh reduced my"}, {"start": "00:32:20", "end": "00:32:26", "text": "Pangu exposure by a little bit just in the sort of um idea that well, in case"}, {"start": "00:32:26", "end": "00:32:32", "text": "we have the worst outcomes here, then no sense holding on to so much of that. It was actually around break even by the"}, {"start": "00:32:32", "end": "00:32:37", "text": "way. So I didn't really lose any money on uh Bangu. But uh definitely round tripped a lot on that bag, but I might"}, {"start": "00:32:37", "end": "00:32:43", "text": "add more once wore back to it once it started selling a bit of strength again. Um"}, {"start": "00:32:43", "end": "00:32:49", "text": "ETH, that's an interesting one because I didn't really sell anyway. I kept my all my full spot ETH position, but um I had"}, {"start": "00:32:49", "end": "00:32:56", "text": "borrowed some money from the bank uh via a to lever up some ETH. Uh and that got"}, {"start": "00:32:56", "end": "00:33:02", "text": "back to its break even point. So that's just kind of take it out of the break even point and once we see the market"}, {"start": "00:33:02", "end": "00:33:09", "text": "shoulder strength I'll probably lever that back up again. So it's kind of more of a a technical thing than anything. Uh"}, {"start": "00:33:09", "end": "00:33:15", "text": "that being said on the other side of that we bought some um some more aster."}, {"start": "00:33:15", "end": "00:33:22", "text": "It's been holding up pretty well throughout this whole bit of malarkey going on the markets. So still I think"}, {"start": "00:33:22", "end": "00:33:29", "text": "has a pretty good potential for a run. So, bought some more Aster, bought some more Salana, and I'm going to buy some"}, {"start": "00:33:29", "end": "00:33:35", "text": "more stocks. Some of the money that I moved out of um some of the crypto coins. I'm going to buy stocks. Now, to"}, {"start": "00:33:35", "end": "00:33:41", "text": "be clear, this was like a few percentage points of my portfolio at the edge of the risk spectrum. The vast majority of"}, {"start": "00:33:41", "end": "00:33:47", "text": "my main positions are basically untouched, right? The pump position, the Salana position, Bitcoin, all that kind"}, {"start": "00:33:47", "end": "00:33:53", "text": "of stuff, right? So, it's really just the same thing I've been doing for a while. basically moving around moving"}, {"start": "00:33:53", "end": "00:34:00", "text": "around my altcoins on the Titanic here essentially."}, {"start": "00:34:00", "end": "00:34:06", "text": "Uh should have bought more stocks in April. Anyway, there you go. I think that's that covers all the updates here for you. Uh nothing"}, {"start": "00:34:06", "end": "00:34:14", "text": "too big really, just moving around a few things on the edge there. But yeah, anyway, continuing. Have you noticed how"}, {"start": "00:34:14", "end": "00:34:21", "text": "near your intents are changing the game? They've been doing crazy volumes and Zcash volume only counts for 16% endgame"}, {"start": "00:34:21", "end": "00:34:29", "text": "for CXs. Yeah, I' I've definitely been keeping an eye on the the intense stuff going on over on um on Near."}, {"start": "00:34:29", "end": "00:34:35", "text": "Crazy. You know, it's I've always thought Near is a good blockchain. I would like to point that out. I had a"}, {"start": "00:34:35", "end": "00:34:43", "text": "big bag in Near at one point and thank god I sold it for another altcoin that went down 50% just like Near did. Anyway, uh but Nero, those guys do a lot"}, {"start": "00:34:43", "end": "00:34:50", "text": "of good work. So, it hasn't driven huge value yet to the blockchain and it may"}, {"start": "00:34:50", "end": "00:34:56", "text": "not in a significant way, but the tech that they've got is good. Okay. Any"}, {"start": "00:34:56", "end": "00:35:01", "text": "thoughts on the MSCI Morgan Stanley excluding companies like Micro Strategy"}, {"start": "00:35:01", "end": "00:35:07", "text": "valuations of 50% more from crypto trigger under listing of $2.8 billion assets on June 16th."}, {"start": "00:35:07", "end": "00:35:13", "text": "Uh I I've read a bit about this. I'm certainly not an expert on the topic,"}, {"start": "00:35:13", "end": "00:35:20", "text": "but I think they're petitioning that. I don't know what exactly how it's going to play out. Um I think you got a lot of"}, {"start": "00:35:20", "end": "00:35:26", "text": "companies, Micro Strateg, Bitmine, etc. that are going to be in the crosshairs if this happens. So,"}, {"start": "00:35:26", "end": "00:35:32", "text": "not good. Not good. If they get excluded uh from some of these um uh markets,"}, {"start": "00:35:32", "end": "00:35:38", "text": "that's going to be definitely bad. It's an interesting conversation, though, isn't it? Now they're on the other side"}, {"start": "00:35:38", "end": "00:35:43", "text": "of the story. We have an rumor"}, {"start": "00:35:43", "end": "00:35:50", "text": "to be clear rumor from uh Max Kaiser who does like to uh hit the hornet nest with"}, {"start": "00:35:50", "end": "00:35:55", "text": "a a stick once in a while that apparently JP Morgan has a huge short"}, {"start": "00:35:55", "end": "00:36:04", "text": "position on Micro Strategy and then if the price were to rally 50% it would basically bankrupt the bank."}, {"start": "00:36:04", "end": "00:36:09", "text": "That sounds like some good BS to me, man. But"}, {"start": "00:36:11", "end": "00:36:16", "text": "I wouldn't be surprised. I mean, it's not gonna blow the bank up like they took out like I don't know. You guys realize how big JP Morgan is, right?"}, {"start": "00:36:16", "end": "00:36:24", "text": "They're pretty [ __ ] big. Okay, Micro Strategy is not that big by comparison. Like, you know, they could short I don't know 10 million bucks on Micro Strategy."}, {"start": "00:36:24", "end": "00:36:30", "text": "It's not going to blow the bank up. But anyway, uh I think Max is trying to"}, {"start": "00:36:30", "end": "00:36:38", "text": "with this he said she said rumor mill kind of stuff trying to start some kind of uh short squeeze here on Micro"}, {"start": "00:36:38", "end": "00:36:45", "text": "Strategy. Maybe he's got a big bag of Micro Strategy. He's thinking, \"Oh [ __ ] this MC MCI things coming up. I got to get"}, {"start": "00:36:45", "end": "00:36:52", "text": "out of my bags. Let's pump it, guys.\" Don't know. Continuing."}, {"start": "00:36:53", "end": "00:37:01", "text": "Have you ever had a bull market this bad since uh before since crypto started? I mean, look, every bull market has its"}, {"start": "00:37:01", "end": "00:37:07", "text": "own way of being. You look back at 2017, we"}, {"start": "00:37:07", "end": "00:37:15", "text": "had was it six or seven, maybe even eight crashes of 30 to 40% in a year. In"}, {"start": "00:37:15", "end": "00:37:20", "text": "a [ __ ] year, man, that was some crazy [ __ ]"}, {"start": "00:37:20", "end": "00:37:27", "text": "This has been like a a baby bull market by comparison. It's been very gentle. The the time the problem with the bull"}, {"start": "00:37:27", "end": "00:37:35", "text": "market so far has been the timebased capitulation. And again, short-term we are in a bearish trend. Everything's in"}, {"start": "00:37:35", "end": "00:37:42", "text": "a downtrend. We're putting in lower highs, lower lows. We're trading under low all the relevant EMAs. We're trading"}, {"start": "00:37:42", "end": "00:37:48", "text": "under the 50week. We're trading under the 200 day. We're trading under the 20-day. Bearish as [ __ ] right across timeline. Okay. Everyone's now looking"}, {"start": "00:37:48", "end": "00:37:53", "text": "for a relief rally up to 100K to try to get out. Macro conditions are still"}, {"start": "00:37:53", "end": "00:37:59", "text": "highly supportive of big risk conditions, risk on taking conditions uh"}, {"start": "00:37:59", "end": "00:38:08", "text": "in 2026 for a variety of reasons which we go on ad nauseium here on the channel. So not worth repeating all right now, but you get the main idea. So"}, {"start": "00:38:08", "end": "00:38:13", "text": "there's a lot of potential for good things to happen. But look,"}, {"start": "00:38:13", "end": "00:38:20", "text": "think back to 2021, the golden bull run. We Bitcoin went down 55% in the middle"}, {"start": "00:38:20", "end": "00:38:28", "text": "of 2021. Altcoins went down 70 to 80% in the middle of 2020 and everything rallied back up to new all-time highs."}, {"start": "00:38:28", "end": "00:38:33", "text": "Yeah, things are crazy in this market, man."}, {"start": "00:38:44", "end": "00:38:50", "text": "Lark, do you like circle dump significant? Looks like a good buy. I saw it got back down to basically"}, {"start": "00:38:50", "end": "00:38:59", "text": "uh the fir the first price that it debuted at in the market, man. H"}, {"start": "00:38:59", "end": "00:39:04", "text": "yeah, I don't know. Um I like the idea of circle, but I think even at $60 it felt a bit overvalued based on"}, {"start": "00:39:04", "end": "00:39:11", "text": "especially when no rate cuts are coming, which is the primary way that they make money. I have stopped trusting you says thanks"}, {"start": "00:39:11", "end": "00:39:16", "text": "959. Thanks 959. I just am come here and share my"}, {"start": "00:39:16", "end": "00:39:23", "text": "opinions on stuff. If that's value to you, then fantastic. You know, as always, crypto investing is risky. I'm"}, {"start": "00:39:23", "end": "00:39:29", "text": "not I don't come here asking you to do the things that I do. I'm not trying to give you advice. You got to make your"}, {"start": "00:39:29", "end": "00:39:34", "text": "own decisions. I know the market's been hard recently, ma'am. I I understand it. I feel for you. It's It's been rough."}, {"start": "00:39:34", "end": "00:39:40", "text": "It's been a very rough run in the market. Again, we shared all the charts. It's literally one of the worst, fastest"}, {"start": "00:39:40", "end": "00:39:46", "text": "sell-offs in crypto history. So I understand the the pain and pessimism in"}, {"start": "00:39:46", "end": "00:39:49", "text": "the chart now."}, {"start": "00:39:51", "end": "00:39:57", "text": "JP Morgan's been manipulating the markets for years. Jamie Diamond calling BTC a fraud in 2017 sending a below 3K"}, {"start": "00:39:57", "end": "00:40:02", "text": "right into their customers limit orders. Oh, as I've always said, Wall Street when they came, they're going to bring"}, {"start": "00:40:02", "end": "00:40:10", "text": "their money, but they're also going to bring all their [ __ ] games, aren't they? Yep."}, {"start": "00:40:13", "end": "00:40:18", "text": "Do you think the Lineia Swift partnership will pump Lineia? If it brings real value, then yes. If it's"}, {"start": "00:40:18", "end": "00:40:24", "text": "just a pilot program, yeah. Why would you trust anyone? Nobody knows the"}, {"start": "00:40:24", "end": "00:40:30", "text": "future. Exactly. Exactly, guys. Nobody knows the future."}, {"start": "00:40:30", "end": "00:40:36", "text": "Bare markets are temporary. Long-term is always up. Like I said, in a in a market"}, {"start": "00:40:36", "end": "00:40:42", "text": "cycle that's basically surprised everybody in every way possible. Be a real shame if we kept doing what"}, {"start": "00:40:42", "end": "00:40:49", "text": "everybody thinks is not going to happen. And 2026 ended up being a very bullish year."}, {"start": "00:40:49", "end": "00:40:57", "text": "I'm at work stocking shelves for a 13-our shift. I trust no one. Good."}, {"start": "00:40:57", "end": "00:41:04", "text": "Hey, I appreciate you, man. Thank you. Bradley started trusting you more and"}, {"start": "00:41:04", "end": "00:41:12", "text": "off the other guy not trusting you. Ah man. Monad gonad. Goonad and mega e"}, {"start": "00:41:12", "end": "00:41:19", "text": "man. They really had to wait until now to launch the tokens, didn't they? Like there was no better time to do it."}, {"start": "00:41:19", "end": "00:41:26", "text": "I don't know. Are they going to be the next big thing? I'm just so jaded and pessimistic. I just want to go buy data"}, {"start": "00:41:26", "end": "00:41:32", "text": "center stocks and Google. I guess if look, hey, if Google's good enough for Warren Buffett to top last four billion"}, {"start": "00:41:32", "end": "00:41:39", "text": "into maybe I should too. Anyway, are they the next big things? Chances are"}, {"start": "00:41:39", "end": "00:41:47", "text": "they are not the next big things. I'm just going to say statistically speaking, I've heard that this is the next big thing for the last 200 layer 1"}, {"start": "00:41:47", "end": "00:41:52", "text": "blockchains that launched. And I guess what? Most of them are crap. Most of them"}, {"start": "00:41:52", "end": "00:41:58", "text": "never do anything. Okay? very very few exceptions to"}, {"start": "00:41:58", "end": "00:42:06", "text": "anybody in the market actually gaining any kind of relevance. But they have all these apps and all these things and"}, {"start": "00:42:06", "end": "00:42:11", "text": "maybe that means something. Maybe maybe Monad's going to be the big one, man."}, {"start": "00:42:11", "end": "00:42:18", "text": "And it's going to go crazy. Mega East's going to be the big one and it's going to go crazy, too."}, {"start": "00:42:18", "end": "00:42:26", "text": "Here's the thing, though. We don't need either of these. There's no reason for either of them to exist."}, {"start": "00:42:26", "end": "00:42:32", "text": "doesn't mean they can't do well. But if we're just being honest about it,"}, {"start": "00:42:32", "end": "00:42:40", "text": "what do Monad or Mega ETH bring to the table that is not currently on offer from Salana or say or Aptos or Suie or"}, {"start": "00:42:40", "end": "00:42:48", "text": "Avalanche or one of the other 50 blockchains? And what kind of network effect are they actually be able to keep post token launch?"}, {"start": "00:42:48", "end": "00:42:55", "text": "Just saying. He does look like Benny Hill apparently."}, {"start": "00:42:56", "end": "00:43:02", "text": "H we don't need another layer one. I"}, {"start": "00:43:02", "end": "00:43:07", "text": "agree. Monad's VC project. I mean, most V most stuff has been a VC project"}, {"start": "00:43:07", "end": "00:43:13", "text": "except, you know, a few very early iterations of things. It's not always bad, but often it just creates"}, {"start": "00:43:13", "end": "00:43:21", "text": "relentless sell pressure for people who are up thousands of X's and just slowly cash out and make more money than you can possibly imagine."}, {"start": "00:43:23", "end": "00:43:30", "text": "Make sure to sell Zcash before next April when Bitmain releases the new batch of Zcash miners. Interesting."}, {"start": "00:43:30", "end": "00:43:35", "text": "Yeah, long journey indeed, man. Long journey indeed. And the long hair and"}, {"start": "00:43:35", "end": "00:43:42", "text": "the the goatee and the mustache back then. Those are crazy times, man. Crazy times."}, {"start": "00:43:42", "end": "00:43:50", "text": "I've not seen Lark so uncertain in the last six years like today. I think it's pretty obvious for me. Um,"}, {"start": "00:43:50", "end": "00:43:55", "text": "again, I've laid out the case. I don't need to keep reiterating it, but well, we're under this 50week moving average."}, {"start": "00:43:55", "end": "00:44:03", "text": "It's not good. Okay, we're in a downtrend right across the board for a variety of things. It is what it is, you"}, {"start": "00:44:03", "end": "00:44:08", "text": "know. Don't get too attached to the outcome. Macro conditions are extremely"}, {"start": "00:44:08", "end": "00:44:13", "text": "supportive of recovery into the end of the year and well into 2026 and a new"}, {"start": "00:44:13", "end": "00:44:19", "text": "bull market. Well, not in the bull market, just the continuation of the current bull market beyond this bearish"}, {"start": "00:44:19", "end": "00:44:24", "text": "period. The flip side is a lot of things can still go wrong and stocks could have"}, {"start": "00:44:24", "end": "00:44:31", "text": "a long way to go down. Stocks might go through a deeper correction than you're than people are expecting. In which case,"}, {"start": "00:44:31", "end": "00:44:35", "text": "good night crypto. Good night."}, {"start": "00:44:37", "end": "00:44:43", "text": "Remember the long hair coin coin mark cap background. Those are good times, man."}, {"start": "00:44:43", "end": "00:44:49", "text": "Oh, one of a kind nerd in 2018. That was a long time ago, man. If you don't own Bitcoin today, someone"}, {"start": "00:44:49", "end": "00:44:57", "text": "else has stolen it from you. Rumor Benny Hill bought Bitcoin."}, {"start": "00:45:04", "end": "00:45:10", "text": "Closed two weeks under the 50we uh simp moving average. Time to derisk. Like I said,"}, {"start": "00:45:10", "end": "00:45:16", "text": "trading under the 50week SMA, the 50WE EMA, whichever one you want to use, it's not good,"}, {"start": "00:45:16", "end": "00:45:22", "text": "relief rally back up to those levels probably be a pretty good place to derisk if you think that that's going to"}, {"start": "00:45:22", "end": "00:45:28", "text": "be over and that we're done for. Plain and simple, right?"}, {"start": "00:45:28", "end": "00:45:34", "text": "Lroy here like 2018. Nah, I like having a short, man. Better to invest in physical gold. You don't hold it, you"}, {"start": "00:45:34", "end": "00:45:41", "text": "don't own it. Up to 50% up 50% this last year. up 40% uh Bitcoin backwards. Yeah,"}, {"start": "00:45:41", "end": "00:45:48", "text": "bad year for Bitcoin, good year for gold surprisingly."}, {"start": "00:45:55", "end": "00:46:01", "text": "Hair is looking thick today. Oh boy. It's the kind of day it is."}, {"start": "00:46:01", "end": "00:46:08", "text": "You're here talking about my hair in Benny Hill, guys. Come on. the fastest milkman in the"}, {"start": "00:46:08", "end": "00:46:11", "text": "west."}, {"start": "00:46:15", "end": "00:46:21", "text": "Am I crazy for still buying over the next few years? Well, if you believe Bitcoin's going to a million dollars,"}, {"start": "00:46:22", "end": "00:46:27", "text": "then yeah, you're not crazy. No red light. We already you missed it."}, {"start": "00:46:27", "end": "00:46:33", "text": "You missed it. We did. We did the red light hat already. Gold being up this much is not standard."}, {"start": "00:46:33", "end": "00:46:37", "text": "A freak of nature here for gold."}, {"start": "00:46:38", "end": "00:46:44", "text": "Uh, you people deserve to lose your money buying these stupid dude hot altcoins. You're a generic gambler, not investors. Do yourself a favor. Buy"}, {"start": "00:46:44", "end": "00:46:53", "text": "stocks in BTC only. What What is your target for a uh relief"}, {"start": "00:46:53", "end": "00:47:00", "text": "rally? The target would be the kiss of death. Okay, the kiss of death being the"}, {"start": "00:47:00", "end": "00:47:06", "text": "underside retest on the 50we EMA. That's around $99,000 to $100 right now"}, {"start": "00:47:06", "end": "00:47:13", "text": "currently. If it takes a couple weeks to get there, then it's going to be at more like 98K, 97K, something like that."}, {"start": "00:47:13", "end": "00:47:18", "text": "Okay, so there you go."}, {"start": "00:47:19", "end": "00:47:28", "text": "Yep. L, didn't you go on Sunrise 7 Brisbane in Australia back in 2018? Uh, yeah. Uh,"}, {"start": "00:47:28", "end": "00:47:33", "text": "I didn't do a I didn't do a morning show when I was there, but I remember I did a radio show. Anyway, I don't know if that"}, {"start": "00:47:33", "end": "00:47:42", "text": "was Sunshine 7 Brisbane or not, but yeah. Uh yeah, we did the uh we did uh my wife and I uh we did 72 hours"}, {"start": "00:47:42", "end": "00:47:48", "text": "surviving on Bitcoin in Australia. So, they had this initiative and I don't know what's going on there anyway, but"}, {"start": "00:47:48", "end": "00:47:53", "text": "um it was a town uh 1770"}, {"start": "00:47:53", "end": "00:47:59", "text": "I think the name of it. Anyway, they had this whole big initiative to get tourists to come in."}, {"start": "00:47:59", "end": "00:48:04", "text": "See, it was very interesting. We were going to restaurants, buying beer with Bitcoin. You know, Bitcoin is like"}, {"start": "00:48:04", "end": "00:48:10", "text": "$3,500 at the time. So, you think back about the money I spent at that trip. Anyway, we booked our tickets, we booked"}, {"start": "00:48:10", "end": "00:48:15", "text": "our rental car, we paid for our hotels, our beers, our food, our tours, all that"}, {"start": "00:48:15", "end": "00:48:20", "text": "stuff paid in Bitcoin. It was pretty neat. I don't know if that kind of adoption is still going on there or not. It's kind of the wrong time for them to"}, {"start": "00:48:20", "end": "00:48:26", "text": "do it. They literally start all the stuff at the bottom of the bare market. So, yeah, Lark Charles collab would"}, {"start": "00:48:26", "end": "00:48:33", "text": "kickstart a new bull market. Charles and I were DMing the other week. I don't know if we're gonna get together for an interview or not, man, but"}, {"start": "00:48:33", "end": "00:48:36", "text": "be cool if we did."}, {"start": "00:48:38", "end": "00:48:46", "text": "How low are we going, Lark? Well, if we get rejected at the 50week EMA,"}, {"start": "00:48:46", "end": "00:48:51", "text": "much lower. Okay, if we retake the 50we EMA, then we start talking about moving"}, {"start": "00:48:51", "end": "00:48:57", "text": "to higher price targets, 150ks back on the board, all that kind of stuff. Okay,"}, {"start": "00:48:57", "end": "00:49:03", "text": "we were over the 50 AM MA and still tanked. But yeah, that's the thing. You lose it and then the price goes down."}, {"start": "00:49:03", "end": "00:49:11", "text": "It's a confirmation of the trend faltering out. Um, if we get a relief rally to 50 week EMA, kiss of death to"}, {"start": "00:49:11", "end": "00:49:19", "text": "the downside, it's new lows beyond that. If that's what happens, if that's how it plays out, we lose 80k and we go down to"}, {"start": "00:49:19", "end": "00:49:25", "text": "I mean 75k is really not that far away from 80, is it? things might get much"}, {"start": "00:49:25", "end": "00:49:33", "text": "worse than you think they would, which is unfortunate because it's been a crazy cycle. If that's all the best we could do, if that's the best, if it really is"}, {"start": "00:49:33", "end": "00:49:38", "text": "over, right? If it really is over, and that was that was the best we could do this cycle, then it's in a lot of ways"}, {"start": "00:49:38", "end": "00:49:44", "text": "been a very disappointing cycle. And the riskreward of being in crypto, I think,"}, {"start": "00:49:44", "end": "00:49:49", "text": "changes significantly. If this is as I think it is more likely to be this sort"}, {"start": "00:49:49", "end": "00:49:54", "text": "of mini bare period which again because we're more than 20% of the all-time highs we're trading at the 50w week"}, {"start": "00:49:54", "end": "00:50:02", "text": "we're traales kind of stuff you know not just in a downtrend it's those key levels are bull bear levels um"}, {"start": "00:50:02", "end": "00:50:10", "text": "if in 2026 we take new highs get up to 150k 180k something like that for BTC 5"}, {"start": "00:50:10", "end": "00:50:15", "text": "600 bucks for Salana 78k for ETH or something you can say okay fine that was"}, {"start": "00:50:15", "end": "00:50:20", "text": "worth the risk we took in crypto to get some halfway decent returns. The flip side is we could have all just full"}, {"start": "00:50:20", "end": "00:50:26", "text": "ported into [ __ ] Robin Hood back in April and be up 250% or whatever."}, {"start": "00:50:26", "end": "00:50:33", "text": "And over the since the bottom of the bare market in 2022, Nvidia is up 16x"}, {"start": "00:50:33", "end": "00:50:41", "text": "and Bitcoin only got up to a max of about 6x. We all would have been better off buying Nvidia this cycle."}, {"start": "00:50:44", "end": "00:50:52", "text": "Been following you since 2021. Made a lot of money since then. Time does fly, Eddie. Time does fly."}, {"start": "00:50:52", "end": "00:50:59", "text": "That Aussie trip BTC cost you. It did. But you know, you just buy it later on, right? He's in 17. Hey, that's awesome,"}, {"start": "00:50:59", "end": "00:51:06", "text": "man. Dude, go around town and ask if anybody still accept Bitcoin. That'd be interesting. There's a a bar up on a"}, {"start": "00:51:06", "end": "00:51:11", "text": "hill somewhere. I can't remember what the heck it's called. There's a bar in a hill somewhere. We're going in there and buying some beers of Bitcoin, meeting"}, {"start": "00:51:11", "end": "00:51:18", "text": "the local Bitcoin uh you know, I want to say council or whatever, but"}, {"start": "00:51:18", "end": "00:51:23", "text": "it's like the local enthusiasts who kind of made it all happen. There's definitely a Bitcoin community there. So, just FYI. I don't know if you're"}, {"start": "00:51:23", "end": "00:51:29", "text": "going to find them, but they're out there, man. Charles will not collaborate with you after you roast on Cardano. Probably"}, {"start": "00:51:29", "end": "00:51:37", "text": "not. It' be cool if you did, though. It be it'd be good to ask him those questions. I mean, Charles, you know, it's acid on Charles, man. Cardano's"}, {"start": "00:51:37", "end": "00:51:43", "text": "been out since 2017. Where the [ __ ] are all the users, man? Where are the stable coins? Where are the apps? Why is it"}, {"start": "00:51:43", "end": "00:51:51", "text": "2025 and still almost nobody's using the chain? Look at all these chains that have come in since then. Say apto sui"}, {"start": "00:51:51", "end": "00:51:58", "text": "eating Cardano's lunch to an unbelievable degree. Salana came out in 20 late 2020, early"}, {"start": "00:51:58", "end": "00:52:05", "text": "2021. Early 2020, wasn't it? Think about that. It's gone from zero to absolute monster"}, {"start": "00:52:05", "end": "00:52:10", "text": "beast in that time. Cardono, the time that it's been in the market should be"}, {"start": "00:52:10", "end": "00:52:16", "text": "just whatever you guys know. Oh my god, we're at 52 minutes. We got to we got to finish the stream up. I got time for"}, {"start": "00:52:16", "end": "00:52:22", "text": "like one more question here. Do you think the markets could be pricing in Japan's potential interest"}, {"start": "00:52:22", "end": "00:52:27", "text": "rate hike on? Yeah, potentially. We we did a video about that I think today. So, you can go and check that out. Um"}, {"start": "00:52:27", "end": "00:52:36", "text": "the Japanese markets are definitely concerned right now. There's a possibility of the yen carry trade unwinding again. So yeah,"}, {"start": "00:52:38", "end": "00:52:43", "text": "you should put your glasses back on. It's last time we had altcoin season."}, {"start": "00:52:45", "end": "00:52:51", "text": "I noticed the trillion dollars from Saturday was a pledge. You think we'll get that investment short? I think it's likely. They've got the money. They got"}, {"start": "00:52:51", "end": "00:52:59", "text": "the money, man. Robbie, why don't you see my comment? I see your comment, Robbie. Can't see them all, though."}, {"start": "00:53:00", "end": "00:53:07", "text": "Can I have some your dad and brother on? Oh my gosh."}, {"start": "00:53:10", "end": "00:53:15", "text": "Must have been the good stuff, man. I don't know what's going on there. Anyway,"}, {"start": "00:53:16", "end": "00:53:21", "text": "we're going to finish there for today, guys. All right. Just remember, no matter what the market conditions are,"}, {"start": "00:53:21", "end": "00:53:28", "text": "there's always opportunity. Do not get psychologically bareold, okay? You can"}, {"start": "00:53:28", "end": "00:53:34", "text": "short the markets and make money. You can watch for re bearish underside retest, the 20 and 50-day EMAs. You can"}, {"start": "00:53:34", "end": "00:53:41", "text": "watch for breakouts. Sit patiently and watch for breakouts to happen. You know, all this kind of stuff. There's always opportunity. Hey, markets are quiet now."}, {"start": "00:53:41", "end": "00:53:47", "text": "[ __ ] it. Go farm some air drops, man. Because most people won't be. Okay, most people just giving up and walk away. Which mean those airdrops for"}, {"start": "00:53:47", "end": "00:53:53", "text": "decentralized exchanges and stuff like that, they're open for farming essentially"}, {"start": "00:53:53", "end": "00:53:58", "text": "because you'll be able to get more points because fewer people be farming them. Think about it. There's always ways to"}, {"start": "00:53:58", "end": "00:54:05", "text": "make money. Okay, don't give up. I'll see you guys back tomorrow. Peace."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "It's time to look at the macro picture"}, {"start": "00:00:01", "end": "00:00:03", "text": "because it's possible that a huge shock"}, {"start": "00:00:03", "end": "00:00:04", "text": "is coming or the market's already"}, {"start": "00:00:04", "end": "00:00:06", "text": "pricing in the huge shock coming maybe"}, {"start": "00:00:06", "end": "00:00:07", "text": "even already started and it's heading"}, {"start": "00:00:07", "end": "00:00:10", "text": "our way from Japan again is Japan. Come"}, {"start": "00:00:10", "end": "00:00:12", "text": "on, Japan. Gold markets might be looking"}, {"start": "00:00:12", "end": "00:00:13", "text": "at a major shift. The trigger could be"}, {"start": "00:00:13", "end": "00:00:15", "text": "found in Japan's bond markets where the"}, {"start": "00:00:15", "end": "00:00:17", "text": "20-year bond yield just hit 2.79%. It's"}, {"start": "00:00:17", "end": "00:00:19", "text": "actually probably higher than that last"}, {"start": "00:00:19", "end": "00:00:21", "text": "3% or something like that. It's been"}, {"start": "00:00:21", "end": "00:00:23", "text": "surging like crazy. That's the highest"}, {"start": "00:00:23", "end": "00:00:25", "text": "level recorded for over a quarter of a"}, {"start": "00:00:25", "end": "00:00:27", "text": "century. yields went above 3.3% and that"}, {"start": "00:00:27", "end": "00:00:30", "text": "is a real possibility that this all"}, {"start": "00:00:30", "end": "00:00:31", "text": "signals the end of the familiar"}, {"start": "00:00:31", "end": "00:00:32", "text": "financial environment the world has been"}, {"start": "00:00:32", "end": "00:00:35", "text": "depending on for decades the Japan carry"}, {"start": "00:00:35", "end": "00:00:38", "text": "trade could be back so let's take a look"}, {"start": "00:00:38", "end": "00:00:41", "text": "at why Japanese bonds matter so much to"}, {"start": "00:00:41", "end": "00:00:43", "text": "the global markets how they affect"}, {"start": "00:00:43", "end": "00:00:45", "text": "markets far and wide including the"}, {"start": "00:00:45", "end": "00:00:46", "text": "assets in your portfolio which may"}, {"start": "00:00:46", "end": "00:00:49", "text": "already be feeling the pain from this"}, {"start": "00:00:49", "end": "00:00:51", "text": "carry trade unwind fear and to do that"}, {"start": "00:00:51", "end": "00:00:53", "text": "we need to start Japan's huge debt"}, {"start": "00:00:53", "end": "00:00:55", "text": "burden it looks like this around 230% of"}, {"start": "00:00:55", "end": "00:00:57", "text": "GDP or even higher depending on the"}, {"start": "00:00:57", "end": "00:01:00", "text": "source. This is wild. Usually over 120%"}, {"start": "00:01:00", "end": "00:01:03", "text": "is a major red flag. 230% is your kid"}, {"start": "00:01:03", "end": "00:01:05", "text": "brings home a stripper with tattoos kind"}, {"start": "00:01:05", "end": "00:01:07", "text": "of red flag. Okay, it's bad stuff. Japan"}, {"start": "00:01:07", "end": "00:01:09", "text": "carries the largest debt to GDP ratio of"}, {"start": "00:01:09", "end": "00:01:11", "text": "all major developed economies. Now, for"}, {"start": "00:01:11", "end": "00:01:13", "text": "decades, this didn't really cause any"}, {"start": "00:01:13", "end": "00:01:14", "text": "immediate strain and markets basically"}, {"start": "00:01:14", "end": "00:01:16", "text": "just didn't care because Japan's"}, {"start": "00:01:16", "end": "00:01:18", "text": "borrowing costs were near zero and debt"}, {"start": "00:01:18", "end": "00:01:21", "text": "could roll over at little cost. But you"}, {"start": "00:01:21", "end": "00:01:22", "text": "can probably see the potential incoming"}, {"start": "00:01:22", "end": "00:01:26", "text": "problem. If yields rise, older bonds"}, {"start": "00:01:26", "end": "00:01:29", "text": "mature and get replaced with new ones"}, {"start": "00:01:29", "end": "00:01:31", "text": "priced at the current rates and Japan's"}, {"start": "00:01:31", "end": "00:01:33", "text": "interest bill grows. In fact, if yields"}, {"start": "00:01:33", "end": "00:01:35", "text": "are at 2.75%,"}, {"start": "00:01:35", "end": "00:01:37", "text": "some projections show that annual debt"}, {"start": "00:01:37", "end": "00:01:42", "text": "servicing increasing to almost 40%"}, {"start": "00:01:42", "end": "00:01:45", "text": "of government revenue. That's crushing."}, {"start": "00:01:45", "end": "00:01:46", "text": "And that doesn't look sustainable at"}, {"start": "00:01:46", "end": "00:01:48", "text": "all, does it? is not the kind of"}, {"start": "00:01:48", "end": "00:01:51", "text": "situation that any advanced economy"}, {"start": "00:01:51", "end": "00:01:53", "text": "should be in or has dealt with up till"}, {"start": "00:01:53", "end": "00:01:54", "text": "now. This is the kind of stuff you"}, {"start": "00:01:54", "end": "00:01:57", "text": "expect out of some, you know, basketcase"}, {"start": "00:01:57", "end": "00:01:58", "text": "country. What's critical about this is"}, {"start": "00:01:58", "end": "00:02:00", "text": "not that these upheavalss are they're"}, {"start": "00:02:00", "end": "00:02:02", "text": "not just contained in Japan. That's the"}, {"start": "00:02:02", "end": "00:02:05", "text": "problem because the shocks will be"}, {"start": "00:02:05", "end": "00:02:07", "text": "global. These wider repercussions occur"}, {"start": "00:02:07", "end": "00:02:09", "text": "because Japan is not just a regular"}, {"start": "00:02:09", "end": "00:02:11", "text": "market participant. It's the world's"}, {"start": "00:02:11", "end": "00:02:13", "text": "massive economy. Okay? It's second"}, {"start": "00:02:13", "end": "00:02:15", "text": "biggest external creditor. It's the"}, {"start": "00:02:15", "end": "00:02:17", "text": "third biggest economy in the world if"}, {"start": "00:02:17", "end": "00:02:19", "text": "you don't count the EU as a single"}, {"start": "00:02:19", "end": "00:02:20", "text": "economic entity, but it's a single"}, {"start": "00:02:20", "end": "00:02:21", "text": "country. It's the third biggest economy"}, {"start": "00:02:21", "end": "00:02:22", "text": "in the world. Being the second biggest"}, {"start": "00:02:22", "end": "00:02:24", "text": "external creditor means it holds through"}, {"start": "00:02:24", "end": "00:02:26", "text": "pensions, insurers, banks, private"}, {"start": "00:02:26", "end": "00:02:27", "text": "investors, around $3.7 trillion in"}, {"start": "00:02:27", "end": "00:02:29", "text": "foreign assets, of which almost 1.2"}, {"start": "00:02:29", "end": "00:02:31", "text": "trillion is invested in US treasuries."}, {"start": "00:02:31", "end": "00:02:33", "text": "It's a big deal. These consistent flows"}, {"start": "00:02:33", "end": "00:02:34", "text": "have helped to suppress global borrowing"}, {"start": "00:02:34", "end": "00:02:36", "text": "costs for decades. But that kind of"}, {"start": "00:02:36", "end": "00:02:39", "text": "buying only makes sense when domestic"}, {"start": "00:02:39", "end": "00:02:40", "text": "yields are near zero. There is an"}, {"start": "00:02:40", "end": "00:02:43", "text": "arbitrage. Once Japan's long-term rate"}, {"start": "00:02:43", "end": "00:02:47", "text": "rises, everything changes. Keeping in"}, {"start": "00:02:47", "end": "00:02:49", "text": "mind that Japanese institutions hedge"}, {"start": "00:02:49", "end": "00:02:51", "text": "their currency exposure here as well"}, {"start": "00:02:51", "end": "00:02:53", "text": "when they invest abroad. And hedging, of"}, {"start": "00:02:53", "end": "00:02:56", "text": "course, gets pricier when Japanese rates"}, {"start": "00:02:56", "end": "00:02:57", "text": "increase. So, foreign bonds may produce"}, {"start": "00:02:57", "end": "00:02:59", "text": "weaker returns than newly issued"}, {"start": "00:02:59", "end": "00:03:00", "text": "Japanese government bonds. Put that all"}, {"start": "00:03:00", "end": "00:03:02", "text": "together and it can mean capital"}, {"start": "00:03:02", "end": "00:03:05", "text": "starting to return to Japan selling all"}, {"start": "00:03:05", "end": "00:03:07", "text": "their foreign exposure. Well, not all of"}, {"start": "00:03:07", "end": "00:03:08", "text": "it, but certainly some of it. even a"}, {"start": "00:03:08", "end": "00:03:10", "text": "little bit of $3.7 trillion is a big"}, {"start": "00:03:10", "end": "00:03:12", "text": "number that pushes global long-term"}, {"start": "00:03:12", "end": "00:03:14", "text": "credit yields higher, making credit more"}, {"start": "00:03:14", "end": "00:03:15", "text": "expensive and tightening liquidity"}, {"start": "00:03:15", "end": "00:03:17", "text": "globally. None of those things be good"}, {"start": "00:03:17", "end": "00:03:19", "text": "for risk on assets. We can already see"}, {"start": "00:03:19", "end": "00:03:21", "text": "the market sniffing this out. So, what"}, {"start": "00:03:21", "end": "00:03:23", "text": "is the yen carry trade? Well, the carry"}, {"start": "00:03:23", "end": "00:03:24", "text": "trade is a strategy whereby investors"}, {"start": "00:03:24", "end": "00:03:26", "text": "borrow in yen at super low rates, which"}, {"start": "00:03:26", "end": "00:03:28", "text": "they've had for a long time, and they"}, {"start": "00:03:28", "end": "00:03:29", "text": "then funnel that money into higher"}, {"start": "00:03:29", "end": "00:03:31", "text": "yielding markets like US treasuries."}, {"start": "00:03:31", "end": "00:03:33", "text": "It's basically quote unquote risk-free"}, {"start": "00:03:33", "end": "00:03:35", "text": "money. It's never risk- free. Over time,"}, {"start": "00:03:35", "end": "00:03:37", "text": "this has grown into a huge amount of"}, {"start": "00:03:37", "end": "00:03:38", "text": "exposure across equities, credit,"}, {"start": "00:03:38", "end": "00:03:41", "text": "emerging markets, and especially now we"}, {"start": "00:03:41", "end": "00:03:43", "text": "have spot ETFs and treasury companies"}, {"start": "00:03:43", "end": "00:03:45", "text": "like strategy into Bitcoin and crypto"}, {"start": "00:03:45", "end": "00:03:47", "text": "too. We are not immune from this by the"}, {"start": "00:03:47", "end": "00:03:49", "text": "way. But the point here is the Japanese"}, {"start": "00:03:49", "end": "00:03:52", "text": "yields move up and when yen strengthens,"}, {"start": "00:03:52", "end": "00:03:53", "text": "which tends to happen when rate"}, {"start": "00:03:53", "end": "00:03:55", "text": "expectations rise, the borrowed funds"}, {"start": "00:03:55", "end": "00:03:58", "text": "become more expensive. Positions funded"}, {"start": "00:03:58", "end": "00:04:00", "text": "in yen can lose value very quickly and"}, {"start": "00:04:00", "end": "00:04:02", "text": "we've seen the Japanese yen surging in"}, {"start": "00:04:02", "end": "00:04:04", "text": "the last few days. the carry trade might"}, {"start": "00:04:04", "end": "00:04:06", "text": "start to unwind once again. We had a"}, {"start": "00:04:06", "end": "00:04:09", "text": "taste of this back in 2024. So, to get"}, {"start": "00:04:09", "end": "00:04:11", "text": "an idea where we are with all this,"}, {"start": "00:04:11", "end": "00:04:13", "text": "there are some clear warning signs right"}, {"start": "00:04:13", "end": "00:04:15", "text": "now. But before we get into that, guys,"}, {"start": "00:04:15", "end": "00:04:17", "text": "if you ever wish that crypto investing"}, {"start": "00:04:17", "end": "00:04:19", "text": "worked more like ETFs, Reserve has"}, {"start": "00:04:19", "end": "00:04:23", "text": "created decentralized token folios,"}, {"start": "00:04:23", "end": "00:04:26", "text": "DTFS, onchain rules-based portfolios"}, {"start": "00:04:26", "end": "00:04:28", "text": "that bundle multiple crypto assets into"}, {"start": "00:04:28", "end": "00:04:32", "text": "one single token. Think ETF logic, but"}, {"start": "00:04:32", "end": "00:04:34", "text": "permissionless, transparent, and it's"}, {"start": "00:04:34", "end": "00:04:37", "text": "currently alive on Ethereum and Base."}, {"start": "00:04:37", "end": "00:04:40", "text": "It's backed by some big names, too. Sam"}, {"start": "00:04:40", "end": "00:04:42", "text": "Alman, Peter Teal. Reserve has partnered"}, {"start": "00:04:42", "end": "00:04:45", "text": "up with Bloomberg, Coindesk, and CF"}, {"start": "00:04:45", "end": "00:04:47", "text": "Benchmarks to bring institutional-grade"}, {"start": "00:04:47", "end": "00:04:51", "text": "index products on chain. Since launching"}, {"start": "00:04:51", "end": "00:04:54", "text": "index ETFs in February 2025, Reserve now"}, {"start": "00:04:54", "end": "00:04:57", "text": "offers 18 different index portfolios,"}, {"start": "00:04:57", "end": "00:04:59", "text": "allowing you to get broad exposure in"}, {"start": "00:04:59", "end": "00:05:01", "text": "one click, including the largest, which"}, {"start": "00:05:01", "end": "00:05:04", "text": "is LCAP with over 6 million TVL. Total"}, {"start": "00:05:04", "end": "00:05:05", "text": "TVL across reserve sits around $400"}, {"start": "00:05:05", "end": "00:05:08", "text": "million growing every month. Anyone can"}, {"start": "00:05:08", "end": "00:05:10", "text": "mint, anyone can redeem, and anyone can"}, {"start": "00:05:10", "end": "00:05:14", "text": "trade DTFS on Reserve, Kraken, Coinbase,"}, {"start": "00:05:14", "end": "00:05:17", "text": "Uniswap, Aerod Drrome, and the ugly cash"}, {"start": "00:05:17", "end": "00:05:21", "text": "app. So, if ETFs have Vanguard, DTFS"}, {"start": "00:05:21", "end": "00:05:24", "text": "have Reserve. Check out Reserve to get"}, {"start": "00:05:24", "end": "00:05:27", "text": "diversified crypto exposure in one"}, {"start": "00:05:27", "end": "00:05:29", "text": "simple onchain token. You can go to"}, {"start": "00:05:29", "end": "00:05:32", "text": "reserve.org right now to learn more."}, {"start": "00:05:32", "end": "00:05:34", "text": "I'll leave links for that down below in"}, {"start": "00:05:34", "end": "00:05:36", "text": "the description. And of course, thank"}, {"start": "00:05:36", "end": "00:05:38", "text": "you to Reserves for sponsoring this"}, {"start": "00:05:38", "end": "00:05:39", "text": "video and thank you for supporting our"}, {"start": "00:05:39", "end": "00:05:42", "text": "sponsors. So, let's get back to this."}, {"start": "00:05:42", "end": "00:05:43", "text": "First, the yield gap between US"}, {"start": "00:05:43", "end": "00:05:44", "text": "treasuries and Japanese bonds has"}, {"start": "00:05:44", "end": "00:05:46", "text": "tightened dramatically. And as this"}, {"start": "00:05:46", "end": "00:05:48", "text": "difference narrows, Japanese investors"}, {"start": "00:05:48", "end": "00:05:50", "text": "have increasingly less of an incentive"}, {"start": "00:05:50", "end": "00:05:52", "text": "to hold US treasuries at all. Next, the"}, {"start": "00:05:52", "end": "00:05:53", "text": "Bank of Japan meets again on December"}, {"start": "00:05:53", "end": "00:05:55", "text": "18th to December 19th. Right now,"}, {"start": "00:05:55", "end": "00:05:57", "text": "markets see some possibility of yet"}, {"start": "00:05:57", "end": "00:05:59", "text": "another rate increase. If rates go up,"}, {"start": "00:05:59", "end": "00:06:01", "text": "the yen likely strengthens and as I"}, {"start": "00:06:01", "end": "00:06:05", "text": "outlined, carry trades then become less"}, {"start": "00:06:05", "end": "00:06:06", "text": "profitable. Therefore, they start"}, {"start": "00:06:06", "end": "00:06:09", "text": "unwinding them. Japanese investors and"}, {"start": "00:06:09", "end": "00:06:11", "text": "institutions and all that start selling."}, {"start": "00:06:11", "end": "00:06:13", "text": "That hits risk assets. That's a lot of"}, {"start": "00:06:13", "end": "00:06:15", "text": "sell pressure. Finally, be aware that"}, {"start": "00:06:15", "end": "00:06:17", "text": "Japan doesn't have any easy escape route"}, {"start": "00:06:17", "end": "00:06:19", "text": "here as it doesn't want to expand the"}, {"start": "00:06:19", "end": "00:06:20", "text": "money supply with inflation already"}, {"start": "00:06:20", "end": "00:06:22", "text": "above target. Although the new prime"}, {"start": "00:06:22", "end": "00:06:24", "text": "minister is doing 110 billion US dollar"}, {"start": "00:06:24", "end": "00:06:26", "text": "equivalent stimulus program, but they"}, {"start": "00:06:26", "end": "00:06:28", "text": "know that letting yields rise increases"}, {"start": "00:06:28", "end": "00:06:30", "text": "debt service pressure. So, it looks like"}, {"start": "00:06:30", "end": "00:06:31", "text": "something has to crack and that creates"}, {"start": "00:06:31", "end": "00:06:34", "text": "a structural shift in the globe"}, {"start": "00:06:34", "end": "00:06:35", "text": "financial markets. What I mean here is"}, {"start": "00:06:35", "end": "00:06:38", "text": "that for 30 or so years, Japan's low"}, {"start": "00:06:38", "end": "00:06:40", "text": "yields encouraged steady buying of"}, {"start": "00:06:40", "end": "00:06:43", "text": "foreign bonds and that demand supported"}, {"start": "00:06:43", "end": "00:06:46", "text": "government financing right across the"}, {"start": "00:06:46", "end": "00:06:48", "text": "developed world and it kept long-term"}, {"start": "00:06:48", "end": "00:06:51", "text": "rates very low. Entire investment"}, {"start": "00:06:51", "end": "00:06:54", "text": "models, pension strategies, valuation"}, {"start": "00:06:54", "end": "00:06:56", "text": "frameworks,"}, {"start": "00:06:56", "end": "00:06:59", "text": "everything. It was all built on the idea"}, {"start": "00:06:59", "end": "00:07:01", "text": "that global long-term yields would stay"}, {"start": "00:07:01", "end": "00:07:04", "text": "subdued thanks in part to Japan. So you"}, {"start": "00:07:04", "end": "00:07:07", "text": "can now see how if that assumption is"}, {"start": "00:07:07", "end": "00:07:09", "text": "threatened or even worse actually"}, {"start": "00:07:09", "end": "00:07:11", "text": "evaporates as Japanese yields rise then"}, {"start": "00:07:11", "end": "00:07:14", "text": "the entire structure and the strategies"}, {"start": "00:07:14", "end": "00:07:16", "text": "that it enables will be affected and"}, {"start": "00:07:16", "end": "00:07:18", "text": "there'll be a massive unwind from that."}, {"start": "00:07:18", "end": "00:07:20", "text": "Keep in mind that this doesn't need to"}, {"start": "00:07:20", "end": "00:07:24", "text": "be an immediate crisis in order for it"}, {"start": "00:07:24", "end": "00:07:26", "text": "to matter. It might look more like a"}, {"start": "00:07:26", "end": "00:07:29", "text": "gradual but persistent shift in capital"}, {"start": "00:07:29", "end": "00:07:31", "text": "flows. Now in 2024 August it was pretty"}, {"start": "00:07:31", "end": "00:07:34", "text": "quick and dramatic. could be slower this"}, {"start": "00:07:34", "end": "00:07:36", "text": "time. Markets are getting worried though"}, {"start": "00:07:36", "end": "00:07:37", "text": "and in fact we're already seeing signs"}, {"start": "00:07:37", "end": "00:07:39", "text": "of this. Okay, US long-term yields have"}, {"start": "00:07:39", "end": "00:07:41", "text": "been stubborn even as inflation cools"}, {"start": "00:07:41", "end": "00:07:42", "text": "and corporate borrowing costs have"}, {"start": "00:07:42", "end": "00:07:45", "text": "increased aligning with reduced foreign"}, {"start": "00:07:45", "end": "00:07:47", "text": "buying of treasuries. None of this is a"}, {"start": "00:07:47", "end": "00:07:49", "text": "certainty that it will actually cause a"}, {"start": "00:07:49", "end": "00:07:51", "text": "massive crisis. But the market seems to"}, {"start": "00:07:51", "end": "00:07:52", "text": "be worried about this among many other"}, {"start": "00:07:52", "end": "00:07:54", "text": "scenarios right now. So we have to see"}, {"start": "00:07:54", "end": "00:07:56", "text": "whether or not this exact scenario will"}, {"start": "00:07:56", "end": "00:07:58", "text": "play out, whether this will be the straw"}, {"start": "00:07:58", "end": "00:08:00", "text": "that breaks the camel's back of the"}, {"start": "00:08:00", "end": "00:08:02", "text": "equities bull market. Good to know that"}, {"start": "00:08:02", "end": "00:08:04", "text": "crypto is already kind of messed up. But"}, {"start": "00:08:04", "end": "00:08:05", "text": "the next month is important. As"}, {"start": "00:08:05", "end": "00:08:07", "text": "mentioned, the December Bank of Japan"}, {"start": "00:08:07", "end": "00:08:09", "text": "meeting is the next major checkpoint. Of"}, {"start": "00:08:09", "end": "00:08:11", "text": "course, that comes just a couple days"}, {"start": "00:08:11", "end": "00:08:13", "text": "after the US Fed meeting. So, it's going"}, {"start": "00:08:13", "end": "00:08:15", "text": "to be a big week by week, guys. When the"}, {"start": "00:08:15", "end": "00:08:16", "text": "next BOJ meeting happens, we'll see"}, {"start": "00:08:16", "end": "00:08:18", "text": "whether or not a further rate hike"}, {"start": "00:08:18", "end": "00:08:19", "text": "strengthens the end and accelerates any"}, {"start": "00:08:19", "end": "00:08:21", "text": "repositioning. Although, even if rates"}, {"start": "00:08:21", "end": "00:08:23", "text": "stay unchanged, markets may keep pushing"}, {"start": "00:08:23", "end": "00:08:25", "text": "long-end Japanese yields higher on the"}, {"start": "00:08:25", "end": "00:08:26", "text": "expectation that even if it's not at"}, {"start": "00:08:26", "end": "00:08:27", "text": "this meeting, the next meeting they're"}, {"start": "00:08:27", "end": "00:08:29", "text": "going to interest put those interest"}, {"start": "00:08:29", "end": "00:08:31", "text": "rates up. This still drives flows back"}, {"start": "00:08:31", "end": "00:08:33", "text": "towards Japan. All that said, there are"}, {"start": "00:08:33", "end": "00:08:34", "text": "counterarguments to the worst case"}, {"start": "00:08:34", "end": "00:08:36", "text": "scenario, including that the US"}, {"start": "00:08:36", "end": "00:08:38", "text": "Treasuries market is absolutely huge and"}, {"start": "00:08:38", "end": "00:08:39", "text": "there are other buyers besides Japan."}, {"start": "00:08:39", "end": "00:08:42", "text": "Plus, the Fed might look at using QE in"}, {"start": "00:08:42", "end": "00:08:44", "text": "the event that rates spike and also"}, {"start": "00:08:44", "end": "00:08:46", "text": "these kinds of fears about Japan, they"}, {"start": "00:08:46", "end": "00:08:49", "text": "are rather cyclical. They surface every"}, {"start": "00:08:49", "end": "00:08:51", "text": "year or two. In fact, the carry trade"}, {"start": "00:08:51", "end": "00:08:52", "text": "again, as mentioned, un unwound in the"}, {"start": "00:08:52", "end": "00:08:54", "text": "summer of 2024 and a lot of positioning"}, {"start": "00:08:54", "end": "00:08:57", "text": "during that time actually exited Japan."}, {"start": "00:08:57", "end": "00:08:58", "text": "So, it's not quite as bad as it was"}, {"start": "00:08:58", "end": "00:09:00", "text": "before. the leverage unwind would not be"}, {"start": "00:09:00", "end": "00:09:02", "text": "as bad. Okay, we had a short meltdown,"}, {"start": "00:09:02", "end": "00:09:04", "text": "but not a full-blown meltdown, just a"}, {"start": "00:09:04", "end": "00:09:06", "text": "meltdown scare. Stocks rebounded after a"}, {"start": "00:09:06", "end": "00:09:08", "text": "brief selloff. Crypto rebounded after a"}, {"start": "00:09:08", "end": "00:09:10", "text": "brief sell-off. Maybe that's going to be"}, {"start": "00:09:10", "end": "00:09:11", "text": "what's happened this time. But if we"}, {"start": "00:09:11", "end": "00:09:13", "text": "really see a structural shift and things"}, {"start": "00:09:13", "end": "00:09:15", "text": "start to melt down, hold on to your"}, {"start": "00:09:15", "end": "00:09:19", "text": "butts. Thanks for watching."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Edward Moira, markets look very"}, {"start": "00:00:01", "end": "00:00:02", "text": "terrible. Here's hoping for you. Fractal"}, {"start": "00:00:02", "end": "00:00:04", "text": "I'm watching closely is this eerily"}, {"start": "00:00:04", "end": "00:00:05", "text": "similar model we had last cycle."}, {"start": "00:00:05", "end": "00:00:07", "text": "Structure-wise, time-wise, very similar"}, {"start": "00:00:07", "end": "00:00:08", "text": "dynamic. You know, the crazy thing will"}, {"start": "00:00:08", "end": "00:00:10", "text": "be the four-ear cycle just plays out"}, {"start": "00:00:10", "end": "00:00:12", "text": "again, man. Doesn't even matter what's"}, {"start": "00:00:12", "end": "00:00:13", "text": "going on anymore. Just we just have"}, {"start": "00:00:13", "end": "00:00:16", "text": "nothing better to do than say screw it."}, {"start": "00:00:16", "end": "00:00:19", "text": "Let's give up. It's over."}, {"start": "00:00:19", "end": "00:00:23", "text": "Oh boy. Anyway, cuz this is the thing."}, {"start": "00:00:23", "end": "00:00:26", "text": "US economy is pumping. No recession"}, {"start": "00:00:26", "end": "00:00:27", "text": "currently in sight. Yes, unemployment"}, {"start": "00:00:27", "end": "00:00:29", "text": "rates up a little bit, but we also"}, {"start": "00:00:29", "end": "00:00:30", "text": "doubled the estimates of the job numbers"}, {"start": "00:00:30", "end": "00:00:32", "text": "last month. Sure, stocks got a bit"}, {"start": "00:00:32", "end": "00:00:34", "text": "frothy. They could correct a little bit."}, {"start": "00:00:34", "end": "00:00:35", "text": "A lot of good reasons why crypto should"}, {"start": "00:00:35", "end": "00:00:38", "text": "and could pump in 2026 and we hit new"}, {"start": "00:00:38", "end": "00:00:40", "text": "all-time highs. But I think a lot of"}, {"start": "00:00:40", "end": "00:00:42", "text": "people as well, there's also simply the"}, {"start": "00:00:42", "end": "00:00:43", "text": "self-fulfilling prophecy of the"}, {"start": "00:00:43", "end": "00:00:45", "text": "four-year cycle. People right now are"}, {"start": "00:00:45", "end": "00:00:46", "text": "selling because they believe the"}, {"start": "00:00:46", "end": "00:00:48", "text": "four-year cycle is finished. It's all"}, {"start": "00:00:48", "end": "00:00:49", "text": "over. And the charts are probably going"}, {"start": "00:00:49", "end": "00:00:51", "text": "to reflect that to some extent unless"}, {"start": "00:00:51", "end": "00:00:53", "text": "Wall Street steps in and actually starts"}, {"start": "00:00:53", "end": "00:00:54", "text": "buying. And currently Wall Street's"}, {"start": "00:00:54", "end": "00:00:56", "text": "stepping in to full stack Hitler the"}, {"start": "00:00:56", "end": "00:00:57", "text": "market and to just sell as much as"}, {"start": "00:00:57", "end": "00:00:59", "text": "possible. It's a problem. Okay. Now, not"}, {"start": "00:00:59", "end": "00:01:00", "text": "everything. We actually had a $20"}, {"start": "00:01:00", "end": "00:01:02", "text": "million inflow day or something for"}, {"start": "00:01:02", "end": "00:01:04", "text": "Salana yesterday. Not that it matters"}, {"start": "00:01:04", "end": "00:01:06", "text": "with uh the rest of the market selling"}, {"start": "00:01:06", "end": "00:01:08", "text": "off, but hey, we at least got inflows"}, {"start": "00:01:08", "end": "00:01:09", "text": "there, but we had outflows, massive"}, {"start": "00:01:09", "end": "00:01:11", "text": "outflows in Bitcoin, big outflows on"}, {"start": "00:01:11", "end": "00:01:12", "text": "ETH, and that's creating huge selling"}, {"start": "00:01:12", "end": "00:01:14", "text": "pressure. If you believe the market"}, {"start": "00:01:14", "end": "00:01:15", "text": "cycle is over and if you're still in"}, {"start": "00:01:15", "end": "00:01:18", "text": "bags, then look for a relief rally to"}, {"start": "00:01:18", "end": "00:01:21", "text": "the 100 day EMA about $100,000 and"}, {"start": "00:01:21", "end": "00:01:23", "text": "consider, you know, de-risking a little"}, {"start": "00:01:23", "end": "00:01:25", "text": "bit Air."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "We need to talk about President Trump's"}, {"start": "00:00:01", "end": "00:00:03", "text": "absolutely wild plans for the $20"}, {"start": "00:00:03", "end": "00:00:05", "text": "trillion he claims will be injected into"}, {"start": "00:00:05", "end": "00:00:07", "text": "the US economy by the end of 2025. Very"}, {"start": "00:00:07", "end": "00:00:09", "text": "short time frame here, Don. Sounds"}, {"start": "00:00:09", "end": "00:00:10", "text": "massive. It sounds bullish. It sounds"}, {"start": "00:00:10", "end": "00:00:12", "text": "like money printer go burr on steroids."}, {"start": "00:00:12", "end": "00:00:14", "text": "But when you dig into the numbers, they"}, {"start": "00:00:14", "end": "00:00:16", "text": "don't actually mean what they think they"}, {"start": "00:00:16", "end": "00:00:18", "text": "mean. It's a nice talking point anyway,"}, {"start": "00:00:18", "end": "00:00:19", "text": "but it doesn't mean the news is"}, {"start": "00:00:19", "end": "00:00:21", "text": "meaningless. It's actually incredibly"}, {"start": "00:00:21", "end": "00:00:23", "text": "significant when you strip away the hype"}, {"start": "00:00:23", "end": "00:00:24", "text": "and look at what's actually happening."}, {"start": "00:00:24", "end": "00:00:27", "text": "Trump's economic plans, trade deals, and"}, {"start": "00:00:27", "end": "00:00:30", "text": "stimulus hints, and other macro"}, {"start": "00:00:30", "end": "00:00:31", "text": "tailwinds. There's a lot of stuff going"}, {"start": "00:00:31", "end": "00:00:33", "text": "on here, and it's clear that liquidity"}, {"start": "00:00:33", "end": "00:00:36", "text": "is coming. It's just a question of when"}, {"start": "00:00:36", "end": "00:00:39", "text": "and how much. But let's be crystal clear"}, {"start": "00:00:39", "end": "00:00:42", "text": "about where the $20 trillion injection,"}, {"start": "00:00:42", "end": "00:00:45", "text": "that whole narrative even started,"}, {"start": "00:00:45", "end": "00:00:46", "text": "because the internet, being the"}, {"start": "00:00:46", "end": "00:00:48", "text": "internet, has taken Trump's words and"}, {"start": "00:00:48", "end": "00:00:51", "text": "sprinted to the moon. Baby, look, I get"}, {"start": "00:00:51", "end": "00:00:54", "text": "it. Everyone's hunting for some kind of"}, {"start": "00:00:54", "end": "00:00:57", "text": "hopeium here, but we need to break down"}, {"start": "00:00:57", "end": "00:01:00", "text": "what this $20 trillion really is. So"}, {"start": "00:01:00", "end": "00:01:03", "text": "Trump's comments come from a White House"}, {"start": "00:01:03", "end": "00:01:06", "text": "speech from November 17th where he"}, {"start": "00:01:06", "end": "00:01:07", "text": "reportedly said, \"By the end of the"}, {"start": "00:01:07", "end": "00:01:09", "text": "year, approximately $20 trillion will be"}, {"start": "00:01:09", "end": "00:01:10", "text": "invested in our country.\" By the way,"}, {"start": "00:01:10", "end": "00:01:13", "text": "$18 trillion already agreed on according"}, {"start": "00:01:13", "end": "00:01:16", "text": "to Trump. So the key word here is"}, {"start": "00:01:16", "end": "00:01:17", "text": "invested."}, {"start": "00:01:17", "end": "00:01:20", "text": "Not printed, not injected as stimulus,"}, {"start": "00:01:20", "end": "00:01:22", "text": "not handed out to the public. Invested"}, {"start": "00:01:22", "end": "00:01:25", "text": "that creates real jobs, data centers,"}, {"start": "00:01:25", "end": "00:01:26", "text": "power plants, all that kind of stuff."}, {"start": "00:01:26", "end": "00:01:28", "text": "What he's actually talking about was"}, {"start": "00:01:28", "end": "00:01:29", "text": "total capital flowing into the US"}, {"start": "00:01:29", "end": "00:01:31", "text": "economy. That includes foreign direct"}, {"start": "00:01:31", "end": "00:01:32", "text": "investment. He's been getting a lot of"}, {"start": "00:01:32", "end": "00:01:34", "text": "that, by the way. Seems every time he"}, {"start": "00:01:34", "end": "00:01:35", "text": "goes Middle East, dude, comes back with"}, {"start": "00:01:35", "end": "00:01:37", "text": "a trillion bucks. Companies relocating"}, {"start": "00:01:37", "end": "00:01:40", "text": "production back to the USA. A lot of"}, {"start": "00:01:40", "end": "00:01:41", "text": "major US companies are saying, \"Yes,"}, {"start": "00:01:41", "end": "00:01:43", "text": "we'll bring more stuff back on shore.\""}, {"start": "00:01:43", "end": "00:01:45", "text": "tariffdriven reshoring of supply chains"}, {"start": "00:01:45", "end": "00:01:47", "text": "as well as massive private sector"}, {"start": "00:01:47", "end": "00:01:49", "text": "spending on factories, AI chip"}, {"start": "00:01:49", "end": "00:01:50", "text": "production, and pharmaceutical plants."}, {"start": "00:01:50", "end": "00:01:52", "text": "And he's rolling all of that up into one"}, {"start": "00:01:52", "end": "00:01:54", "text": "big giant marketing number, which is"}, {"start": "00:01:54", "end": "00:01:56", "text": "clever. Trump's a marketer. He knows how"}, {"start": "00:01:56", "end": "00:01:58", "text": "to do it. Is 20 trillion investment a"}, {"start": "00:01:58", "end": "00:02:01", "text": "massive deal? Yes. Yes. Yes. And yes,"}, {"start": "00:02:01", "end": "00:02:02", "text": "it's going to create so many US jobs."}, {"start": "00:02:02", "end": "00:02:04", "text": "This whole jobs crisis we're going"}, {"start": "00:02:04", "end": "00:02:05", "text": "through right now, it's going to take a"}, {"start": "00:02:05", "end": "00:02:07", "text": "few months, but people are going to"}, {"start": "00:02:07", "end": "00:02:09", "text": "start getting hired for good jobs. Now,"}, {"start": "00:02:09", "end": "00:02:10", "text": "is all this happening because of"}, {"start": "00:02:10", "end": "00:02:11", "text": "tariffs? Well, it's debatable. Okay."}, {"start": "00:02:11", "end": "00:02:13", "text": "Okay. Is it money printer go burr?"}, {"start": "00:02:13", "end": "00:02:14", "text": "Absolutely not. And that's very"}, {"start": "00:02:14", "end": "00:02:16", "text": "interesting. It's not going to have this"}, {"start": "00:02:16", "end": "00:02:18", "text": "massive inflationary effect where the"}, {"start": "00:02:18", "end": "00:02:20", "text": "Fed prints crap tons of money. What"}, {"start": "00:02:20", "end": "00:02:21", "text": "Trump has been doing recently as a tour"}, {"start": "00:02:21", "end": "00:02:23", "text": "of Asia and Europe to finalize trade"}, {"start": "00:02:23", "end": "00:02:24", "text": "deals and agreements. Switzerland agreed"}, {"start": "00:02:24", "end": "00:02:27", "text": "to smash tariffs 15% in exchange for"}, {"start": "00:02:27", "end": "00:02:30", "text": "$200 billion in US investment over the"}, {"start": "00:02:30", "end": "00:02:34", "text": "next few years. Japan's $550 billion"}, {"start": "00:02:34", "end": "00:02:35", "text": "investment commitment to the US advanced"}, {"start": "00:02:35", "end": "00:02:37", "text": "with projects in AI, critical"}, {"start": "00:02:37", "end": "00:02:40", "text": "manufacturing. Korea pledged billions in"}, {"start": "00:02:40", "end": "00:02:42", "text": "new US investments. Everything from"}, {"start": "00:02:42", "end": "00:02:45", "text": "natural gas to Boeing planes. Malaysia,"}, {"start": "00:02:45", "end": "00:02:47", "text": "Cambodia, they're all signing deals"}, {"start": "00:02:47", "end": "00:02:49", "text": "removing tariffs on US goods. Saudi"}, {"start": "00:02:49", "end": "00:02:51", "text": "prince came to America the other day and"}, {"start": "00:02:51", "end": "00:02:52", "text": "Trump's like, \"Hey, how about that? Six"}, {"start": "00:02:52", "end": "00:02:54", "text": "bill $600 billion you guys are we're"}, {"start": "00:02:54", "end": "00:02:56", "text": "going to invest. Why not make it a"}, {"start": "00:02:56", "end": "00:02:57", "text": "trillion?\" Saudi dude's like, \"All"}, {"start": "00:02:57", "end": "00:03:00", "text": "right, let's do a trillion then.\" What?"}, {"start": "00:03:00", "end": "00:03:02", "text": "That's crazy. Thailand and Vietnam"}, {"start": "00:03:02", "end": "00:03:04", "text": "agreed to frameworks for deeper market"}, {"start": "00:03:04", "end": "00:03:06", "text": "access. This is real capital moving into"}, {"start": "00:03:06", "end": "00:03:08", "text": "the US, strengthening supply chains,"}, {"start": "00:03:08", "end": "00:03:09", "text": "creating investment opportunities."}, {"start": "00:03:09", "end": "00:03:12", "text": "America's back, baby. It's not just"}, {"start": "00:03:12", "end": "00:03:14", "text": "stimulus okay? We are going to"}, {"start": "00:03:14", "end": "00:03:15", "text": "get stimulus checks, too, but this is"}, {"start": "00:03:15", "end": "00:03:17", "text": "more substantive than that. Checks will"}, {"start": "00:03:17", "end": "00:03:19", "text": "hit people's pockets at some point, but"}, {"start": "00:03:19", "end": "00:03:20", "text": "right now, we're seeing this is"}, {"start": "00:03:20", "end": "00:03:22", "text": "corporate and government level money"}, {"start": "00:03:22", "end": "00:03:23", "text": "investing into the US aid, which will"}, {"start": "00:03:23", "end": "00:03:26", "text": "create tons of new jobs in energy"}, {"start": "00:03:26", "end": "00:03:28", "text": "and minerals and mining and data centers"}, {"start": "00:03:28", "end": "00:03:29", "text": "and all the rest of it. Combine this"}, {"start": "00:03:29", "end": "00:03:31", "text": "with everything we already knew is in"}, {"start": "00:03:31", "end": "00:03:32", "text": "the pipeline from the Fed, and suddenly"}, {"start": "00:03:32", "end": "00:03:34", "text": "the market looks like it's about to get"}, {"start": "00:03:34", "end": "00:03:35", "text": "a serious liquidity boost. So the $20"}, {"start": "00:03:35", "end": "00:03:37", "text": "trillion is more of a distraction"}, {"start": "00:03:37", "end": "00:03:39", "text": "because the markets are on the verge of"}, {"start": "00:03:39", "end": "00:03:40", "text": "a serious liquidity boost from behind"}, {"start": "00:03:40", "end": "00:03:42", "text": "closed doors. So it's the liquidity wave"}, {"start": "00:03:42", "end": "00:03:44", "text": "forming underneath. That's the real"}, {"start": "00:03:44", "end": "00:03:47", "text": "story. And that is bullish for risk"}, {"start": "00:03:47", "end": "00:03:49", "text": "assets. The US economy is continuing to"}, {"start": "00:03:49", "end": "00:03:52", "text": "run hot. By the way, Fed now predicts a"}, {"start": "00:03:52", "end": "00:03:56", "text": "4.2% GDP increase in Q4. Bullish. Now"}, {"start": "00:03:56", "end": "00:03:58", "text": "we've debunked the 20 trillion hype."}, {"start": "00:03:58", "end": "00:03:59", "text": "Let's talk about the real money that'll"}, {"start": "00:03:59", "end": "00:04:00", "text": "soon be hitting the markets. Before we"}, {"start": "00:04:00", "end": "00:04:03", "text": "get into that, guys, insane Black Friday"}, {"start": "00:04:03", "end": "00:04:05", "text": "deal for you. Okay, if you hold Bitcoin,"}, {"start": "00:04:05", "end": "00:04:07", "text": "Salana, Ethereum, any damn crypto assets"}, {"start": "00:04:07", "end": "00:04:09", "text": "worth more than a few dollars, you have"}, {"start": "00:04:09", "end": "00:04:11", "text": "to get yourselves a hardware wallet, you"}, {"start": "00:04:11", "end": "00:04:13", "text": "have to secure your coins. And there's"}, {"start": "00:04:13", "end": "00:04:14", "text": "never been a better time to do it"}, {"start": "00:04:14", "end": "00:04:16", "text": "because Ledger has got an insane deal"}, {"start": "00:04:16", "end": "00:04:17", "text": "for you. You're going to get free"}, {"start": "00:04:17", "end": "00:04:20", "text": "Bitcoin. Get yourself a Ledger Stacks"}, {"start": "00:04:20", "end": "00:04:21", "text": "right here. One of these bad boys. 80"}, {"start": "00:04:21", "end": "00:04:23", "text": "bucks in free Bitcoin. Grab yourselves"}, {"start": "00:04:23", "end": "00:04:26", "text": "one of these Ledger Flex. 70 bucks in"}, {"start": "00:04:26", "end": "00:04:29", "text": "free Bitcoin and 50% off all Ledger"}, {"start": "00:04:29", "end": "00:04:32", "text": "Nanos. Link down below, guys. Hacks"}, {"start": "00:04:32", "end": "00:04:34", "text": "happen every day. People are after your"}, {"start": "00:04:34", "end": "00:04:36", "text": "coins. It's serious If you're not"}, {"start": "00:04:36", "end": "00:04:38", "text": "securing your coins with a Ledger"}, {"start": "00:04:38", "end": "00:04:39", "text": "wallet, you're not playing the game"}, {"start": "00:04:39", "end": "00:04:41", "text": "right. Okay, this is an extremely"}, {"start": "00:04:41", "end": "00:04:43", "text": "limited time. Insane Black Friday offer"}, {"start": "00:04:43", "end": "00:04:46", "text": "link down below. Go check it out. Do it"}, {"start": "00:04:46", "end": "00:04:48", "text": "now. Thank you very much. Okay, look"}, {"start": "00:04:48", "end": "00:04:50", "text": "guys. Well, investors are pricing in a"}, {"start": "00:04:50", "end": "00:04:52", "text": "lower probability of a Fed rate cut in"}, {"start": "00:04:52", "end": "00:04:54", "text": "December. Fed Governor Christopher"}, {"start": "00:04:54", "end": "00:04:56", "text": "Waller believes a cut is needed due to"}, {"start": "00:04:56", "end": "00:04:58", "text": "labor market weakness. He said, \"I'm not"}, {"start": "00:04:58", "end": "00:04:59", "text": "worried about inflation accelerating or"}, {"start": "00:04:59", "end": "00:05:00", "text": "inflation expectations rising"}, {"start": "00:05:00", "end": "00:05:03", "text": "significantly. My focus is on the labor"}, {"start": "00:05:03", "end": "00:05:04", "text": "market and there has been a lot of labor"}, {"start": "00:05:04", "end": "00:05:06", "text": "market weakness recently. It is unlikely"}, {"start": "00:05:06", "end": "00:05:08", "text": "that any other data in the next few"}, {"start": "00:05:08", "end": "00:05:10", "text": "weeks is going to dramatically change"}, {"start": "00:05:10", "end": "00:05:12", "text": "the way the Fed looks at all this. Okay,"}, {"start": "00:05:12", "end": "00:05:14", "text": "so that means another cut is probably"}, {"start": "00:05:14", "end": "00:05:16", "text": "coming in December. Okay, we're 3 weeks"}, {"start": "00:05:16", "end": "00:05:17", "text": "away from the next interest rate cut"}, {"start": "00:05:17", "end": "00:05:19", "text": "likely. I know the prediction markets"}, {"start": "00:05:19", "end": "00:05:20", "text": "are saying ah probably not going to"}, {"start": "00:05:20", "end": "00:05:21", "text": "happen. They don't have enough data. I"}, {"start": "00:05:21", "end": "00:05:24", "text": "think the data is pretty clear. Okay, so"}, {"start": "00:05:24", "end": "00:05:26", "text": "with a divided Fed and Trump piling on"}, {"start": "00:05:26", "end": "00:05:27", "text": "the pressure, there's still a pretty"}, {"start": "00:05:27", "end": "00:05:29", "text": "good chance that the next Fed meeting"}, {"start": "00:05:29", "end": "00:05:31", "text": "works in our favor and get another"}, {"start": "00:05:31", "end": "00:05:32", "text": "interest rate cut. Add in the fact that"}, {"start": "00:05:32", "end": "00:05:34", "text": "the Fed will be finally ending quantity"}, {"start": "00:05:34", "end": "00:05:35", "text": "of tightening in less than two weeks on"}, {"start": "00:05:35", "end": "00:05:36", "text": "December 1st. You've got a recipe for"}, {"start": "00:05:36", "end": "00:05:38", "text": "sentiment liquidity starting to ease"}, {"start": "00:05:38", "end": "00:05:40", "text": "over the next couple of months. This"}, {"start": "00:05:40", "end": "00:05:41", "text": "mean we immediately gigend back to"}, {"start": "00:05:41", "end": "00:05:43", "text": "all-time highs? No, not necessarily."}, {"start": "00:05:43", "end": "00:05:45", "text": "Those things take time. Then there's"}, {"start": "00:05:45", "end": "00:05:47", "text": "Trump's $2,000 tariff dividend checks,"}, {"start": "00:05:47", "end": "00:05:50", "text": "which are coming by mid 2026. Very smart"}, {"start": "00:05:50", "end": "00:05:52", "text": "politically, but also injects a lot of"}, {"start": "00:05:52", "end": "00:05:53", "text": "money. We're talking hundreds of"}, {"start": "00:05:53", "end": "00:05:55", "text": "billions of dollars back into the"}, {"start": "00:05:55", "end": "00:05:57", "text": "economy. They're expected to go to low"}, {"start": "00:05:57", "end": "00:05:58", "text": "and middle inome Americans. And"}, {"start": "00:05:58", "end": "00:06:00", "text": "according to Fortune, if implemented, it"}, {"start": "00:06:00", "end": "00:06:03", "text": "could be costing $200 billion. Some even"}, {"start": "00:06:03", "end": "00:06:06", "text": "say 4 to600 billion if it mirrors COVID"}, {"start": "00:06:06", "end": "00:06:08", "text": "era stimulus structures. And this is not"}, {"start": "00:06:08", "end": "00:06:09", "text": "again from the Fed just printing money."}, {"start": "00:06:09", "end": "00:06:10", "text": "This is for money the government"}, {"start": "00:06:10", "end": "00:06:12", "text": "collected from tariffs and is handing"}, {"start": "00:06:12", "end": "00:06:14", "text": "back out to people. Not bad. That's a"}, {"start": "00:06:14", "end": "00:06:16", "text": "lot of cash hitting people's pockets"}, {"start": "00:06:16", "end": "00:06:17", "text": "just in time for midterm elections and"}, {"start": "00:06:17", "end": "00:06:19", "text": "just in time for them to buy dog coins"}, {"start": "00:06:19", "end": "00:06:20", "text": "for an end of year rally for crypto."}, {"start": "00:06:20", "end": "00:06:22", "text": "There you in 2026. Of course, let's not"}, {"start": "00:06:22", "end": "00:06:24", "text": "forget that there's a new Fed chair on"}, {"start": "00:06:24", "end": "00:06:26", "text": "the horizon, too, to replace Jerome Pal"}, {"start": "00:06:26", "end": "00:06:27", "text": "when his term is up in May next year."}, {"start": "00:06:27", "end": "00:06:28", "text": "Trump will almost certainly be"}, {"start": "00:06:28", "end": "00:06:31", "text": "installing a Fed chair who I don't want"}, {"start": "00:06:31", "end": "00:06:33", "text": "to say he's going to be a puppet, but"}, {"start": "00:06:33", "end": "00:06:35", "text": "won't fight him, will go along with his"}, {"start": "00:06:35", "end": "00:06:38", "text": "program, meaning the Fed in 2026 is"}, {"start": "00:06:38", "end": "00:06:39", "text": "likely to be way more aggressive with"}, {"start": "00:06:39", "end": "00:06:40", "text": "rate cuts and maybe even fire up the"}, {"start": "00:06:40", "end": "00:06:43", "text": "money printers for QE again to juice the"}, {"start": "00:06:43", "end": "00:06:44", "text": "economy as much as possible without"}, {"start": "00:06:44", "end": "00:06:46", "text": "strictly saying that it's QE. Of course,"}, {"start": "00:06:46", "end": "00:06:48", "text": "there'll be technical adjustments, guys,"}, {"start": "00:06:48", "end": "00:06:50", "text": "not QE. If markets front run this, it'll"}, {"start": "00:06:50", "end": "00:06:52", "text": "change the game. Before all that"}, {"start": "00:06:52", "end": "00:06:53", "text": "happens, the Treasury's general account"}, {"start": "00:06:53", "end": "00:06:54", "text": "should finally start to offload"}, {"start": "00:06:54", "end": "00:06:58", "text": "liquidity back into the economy, which"}, {"start": "00:06:58", "end": "00:06:59", "text": "is already starting to happen. Tens of"}, {"start": "00:06:59", "end": "00:07:02", "text": "billions in the last few days. Okay, so"}, {"start": "00:07:02", "end": "00:07:03", "text": "we've got all the pieces of the puzzle"}, {"start": "00:07:03", "end": "00:07:05", "text": "on the table. Investment deals, trade"}, {"start": "00:07:05", "end": "00:07:06", "text": "deals, stimulus checks, lower interest"}, {"start": "00:07:06", "end": "00:07:08", "text": "rates, new Fed chair who will be very"}, {"start": "00:07:08", "end": "00:07:10", "text": "doubbish. What's it really mean for"}, {"start": "00:07:10", "end": "00:07:13", "text": "markets to move into 2026? Well, first,"}, {"start": "00:07:13", "end": "00:07:15", "text": "timing always matters. The liquidity"}, {"start": "00:07:15", "end": "00:07:17", "text": "wave we've discussed isn't just a"}, {"start": "00:07:17", "end": "00:07:19", "text": "one-off spike. None of this is"}, {"start": "00:07:19", "end": "00:07:21", "text": "instantaneous rocket fuel for the"}, {"start": "00:07:21", "end": "00:07:22", "text": "markets. These are major titanic moves."}, {"start": "00:07:22", "end": "00:07:24", "text": "It's like trying to move a giant ship in"}, {"start": "00:07:24", "end": "00:07:27", "text": "a a tight circle. It takes time. Okay."}, {"start": "00:07:27", "end": "00:07:29", "text": "But a slow burn of liquidity is going to"}, {"start": "00:07:29", "end": "00:07:31", "text": "start coming into the end of the year"}, {"start": "00:07:31", "end": "00:07:33", "text": "and into the new year. Okay. Some form"}, {"start": "00:07:33", "end": "00:07:34", "text": "of liquidity injection. They're not"}, {"start": "00:07:34", "end": "00:07:35", "text": "going to call it QE, but that's"}, {"start": "00:07:35", "end": "00:07:37", "text": "restarting. Rate cuts, investment flows,"}, {"start": "00:07:37", "end": "00:07:38", "text": "all this stuff takes months at the"}, {"start": "00:07:38", "end": "00:07:40", "text": "markets. You know, all the investment"}, {"start": "00:07:40", "end": "00:07:41", "text": "money coming in. Data centers don't"}, {"start": "00:07:41", "end": "00:07:43", "text": "happen overnight. Nuclear power plants"}, {"start": "00:07:43", "end": "00:07:44", "text": "aren't built overnight. But the jobs can"}, {"start": "00:07:44", "end": "00:07:46", "text": "come sooner than you expect. That's why"}, {"start": "00:07:46", "end": "00:07:47", "text": "the final leg of the bull run may still"}, {"start": "00:07:47", "end": "00:07:49", "text": "be yet to come with building momentum"}, {"start": "00:07:49", "end": "00:07:51", "text": "through December and into early mid to"}, {"start": "00:07:51", "end": "00:07:53", "text": "early to mid 2026 rather than a V-shaped"}, {"start": "00:07:53", "end": "00:07:55", "text": "recovery. Next, consider risk and"}, {"start": "00:07:55", "end": "00:07:56", "text": "uncertainty. The $2,000 dividend checks"}, {"start": "00:07:56", "end": "00:07:58", "text": "still need congressional approval. The"}, {"start": "00:07:58", "end": "00:08:00", "text": "Supreme Court could throw a spanner into"}, {"start": "00:08:00", "end": "00:08:02", "text": "Trump's tariff plans. A lot of things"}, {"start": "00:08:02", "end": "00:08:04", "text": "can happen. There's always uncertainty"}, {"start": "00:08:04", "end": "00:08:05", "text": "in markets, right? Investment"}, {"start": "00:08:05", "end": "00:08:07", "text": "projections from Asia and Europe depend"}, {"start": "00:08:07", "end": "00:08:08", "text": "on political and regulatory"}, {"start": "00:08:08", "end": "00:08:10", "text": "followthrough. But even with these"}, {"start": "00:08:10", "end": "00:08:13", "text": "risks, it seems the direction overall is"}, {"start": "00:08:13", "end": "00:08:15", "text": "clear. Will it be perfectly executed?"}, {"start": "00:08:15", "end": "00:08:18", "text": "No. But fresh liquidity is coming, which"}, {"start": "00:08:18", "end": "00:08:20", "text": "will structurally support risk on"}, {"start": "00:08:20", "end": "00:08:22", "text": "assets. And you've got to remember that"}, {"start": "00:08:22", "end": "00:08:25", "text": "historically for Bitcoin, its strongest"}, {"start": "00:08:25", "end": "00:08:29", "text": "moves happen during periods of extremely"}, {"start": "00:08:29", "end": "00:08:31", "text": "easy money, of easing liquidity, of"}, {"start": "00:08:31", "end": "00:08:33", "text": "macro tailwinds. And that's been the"}, {"start": "00:08:33", "end": "00:08:34", "text": "case recently. We've had too many"}, {"start": "00:08:34", "end": "00:08:36", "text": "sellers from OG's, but they're running"}, {"start": "00:08:36", "end": "00:08:37", "text": "out of coins. There's definitely a case"}, {"start": "00:08:37", "end": "00:08:39", "text": "for 2026 being the year where liquidity"}, {"start": "00:08:39", "end": "00:08:42", "text": "finally meets the market, but it won't"}, {"start": "00:08:42", "end": "00:08:43", "text": "be instantaneous. But you were never"}, {"start": "00:08:43", "end": "00:08:45", "text": "here to be a short-term overnight"}, {"start": "00:08:45", "end": "00:08:46", "text": "get-rich guy, were you? You were here"}, {"start": "00:08:46", "end": "00:08:48", "text": "for the long haul. You're a long-term"}, {"start": "00:08:48", "end": "00:08:53", "text": "investor. Right. Right."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "AI stocks exploded in 2025. Nvidia is"}, {"start": "00:00:02", "end": "00:00:03", "text": "printing money like it's the Federal"}, {"start": "00:00:03", "end": "00:00:06", "text": "Reserve. And every tech bro is talking"}, {"start": "00:00:06", "end": "00:00:08", "text": "about who's got the smartest language"}, {"start": "00:00:08", "end": "00:00:10", "text": "models, that is. But none of them want"}, {"start": "00:00:10", "end": "00:00:11", "text": "to admit we're running this whole damn"}, {"start": "00:00:11", "end": "00:00:13", "text": "revolution on a power grid built for"}, {"start": "00:00:13", "end": "00:00:16", "text": "dialup internet because behind the hype,"}, {"start": "00:00:16", "end": "00:00:17", "text": "the cracks are starting to show and the"}, {"start": "00:00:17", "end": "00:00:18", "text": "market's starting to worry about it."}, {"start": "00:00:18", "end": "00:00:20", "text": "Everyone's fighting over the whether the"}, {"start": "00:00:20", "end": "00:00:22", "text": "AI bubble is about to burst. Nvidia is"}, {"start": "00:00:22", "end": "00:00:24", "text": "getting short of Michael Bur like it's"}, {"start": "00:00:24", "end": "00:00:26", "text": "the big short 2.0. The US is suddenly"}, {"start": "00:00:26", "end": "00:00:29", "text": "realizing, \"Oh crap, we do not have"}, {"start": "00:00:29", "end": "00:00:30", "text": "anywhere close to enough electricity to"}, {"start": "00:00:30", "end": "00:00:33", "text": "power all this.\" Meanwhile, on the other"}, {"start": "00:00:33", "end": "00:00:36", "text": "side of the pond, China quietly winning"}, {"start": "00:00:36", "end": "00:00:39", "text": "the race. Dramatically so. So, let's dig"}, {"start": "00:00:39", "end": "00:00:41", "text": "into the messy truth behind the AI"}, {"start": "00:00:41", "end": "00:00:44", "text": "revolution and who's best suited to take"}, {"start": "00:00:44", "end": "00:00:46", "text": "massive advantage here. the incoming"}, {"start": "00:00:46", "end": "00:00:47", "text": "energy crisis that really no one is"}, {"start": "00:00:47", "end": "00:00:49", "text": "prepared for in America and why America"}, {"start": "00:00:49", "end": "00:00:51", "text": "is a serious risk of losing the AI race"}, {"start": "00:00:51", "end": "00:00:54", "text": "unless it can dramatically at like"}, {"start": "00:00:54", "end": "00:00:57", "text": "emergency speed deploy massive amounts"}, {"start": "00:00:57", "end": "00:00:59", "text": "of new energy. Right now, commentators"}, {"start": "00:00:59", "end": "00:01:02", "text": "in the USA are having a civil war over"}, {"start": "00:01:02", "end": "00:01:03", "text": "whether or not the AI bubble's about to"}, {"start": "00:01:03", "end": "00:01:04", "text": "burst or we're just going to keep"}, {"start": "00:01:04", "end": "00:01:06", "text": "grinding higher forever and ever. On one"}, {"start": "00:01:06", "end": "00:01:08", "text": "side, you've got big short investor"}, {"start": "00:01:08", "end": "00:01:09", "text": "Michael Barry. He's shorting Nvidia."}, {"start": "00:01:09", "end": "00:01:10", "text": "He's shorting Palunteer. He's calling"}, {"start": "00:01:10", "end": "00:01:12", "text": "on the whole thing. These two"}, {"start": "00:01:12", "end": "00:01:13", "text": "companies are the ones making all the"}, {"start": "00:01:13", "end": "00:01:15", "text": "money right now and he's saying no"}, {"start": "00:01:15", "end": "00:01:16", "text": "valuations are crazy and there's"}, {"start": "00:01:16", "end": "00:01:17", "text": "circular investing all this kind of"}, {"start": "00:01:17", "end": "00:01:19", "text": "going up. You have Peter Teal"}, {"start": "00:01:19", "end": "00:01:20", "text": "and SoftBank. They just dumped their"}, {"start": "00:01:20", "end": "00:01:23", "text": "entire Nvidia positions worth billions"}, {"start": "00:01:23", "end": "00:01:24", "text": "and billions of dollars. I mean well"}, {"start": "00:01:24", "end": "00:01:26", "text": "done guys. Huge win. But still on the"}, {"start": "00:01:26", "end": "00:01:28", "text": "other side even after the stock market"}, {"start": "00:01:28", "end": "00:01:29", "text": "correction there are AI infrastructure"}, {"start": "00:01:29", "end": "00:01:31", "text": "stocks that are still up three, four,"}, {"start": "00:01:31", "end": "00:01:33", "text": "five, even 6x in the last few months."}, {"start": "00:01:33", "end": "00:01:36", "text": "Demand for GPOs is so insane that"}, {"start": "00:01:36", "end": "00:01:37", "text": "companies are booking and paying two"}, {"start": "00:01:37", "end": "00:01:39", "text": "quarters in advance just to secure"}, {"start": "00:01:39", "end": "00:01:42", "text": "supply. Nvidia CEO literally told TSMC"}, {"start": "00:01:42", "end": "00:01:44", "text": "they need to boost chip production by"}, {"start": "00:01:44", "end": "00:01:48", "text": "50%. Because the big guys, Meta, Google,"}, {"start": "00:01:48", "end": "00:01:51", "text": "Microsoft, are literally spending"}, {"start": "00:01:51", "end": "00:01:54", "text": "billions and their cash balances aren't"}, {"start": "00:01:54", "end": "00:01:57", "text": "even dented. This is not a bubble top."}, {"start": "00:01:57", "end": "00:01:59", "text": "This is a global arms race that neither"}, {"start": "00:01:59", "end": "00:02:01", "text": "the United States or China can afford to"}, {"start": "00:02:01", "end": "00:02:03", "text": "lose. They have to go all in and that's"}, {"start": "00:02:03", "end": "00:02:04", "text": "exactly what they're doing. But the real"}, {"start": "00:02:04", "end": "00:02:06", "text": "story, of course, is not just the AI"}, {"start": "00:02:06", "end": "00:02:07", "text": "hype bubble. The real story is what"}, {"start": "00:02:07", "end": "00:02:09", "text": "Nvidia's CEO said next. At an AI summit"}, {"start": "00:02:09", "end": "00:02:11", "text": "in London, he reportedly said China was"}, {"start": "00:02:11", "end": "00:02:13", "text": "going to win the AI race. Sorry,"}, {"start": "00:02:13", "end": "00:02:16", "text": "America. Now, he later had to walk back"}, {"start": "00:02:16", "end": "00:02:18", "text": "his comments because, of course, he"}, {"start": "00:02:18", "end": "00:02:19", "text": "lives in America. Everybody started"}, {"start": "00:02:19", "end": "00:02:20", "text": "trashing him. What are you going to do?"}, {"start": "00:02:20", "end": "00:02:22", "text": "But he was speaking the truth that"}, {"start": "00:02:22", "end": "00:02:24", "text": "America needs to catch the f up. Okay,"}, {"start": "00:02:24", "end": "00:02:26", "text": "he clarified that China is nanconds"}, {"start": "00:02:26", "end": "00:02:29", "text": "behind America in AI. But the fact this"}, {"start": "00:02:29", "end": "00:02:30", "text": "is even a talking point tells you"}, {"start": "00:02:30", "end": "00:02:31", "text": "everything you need to know about what's"}, {"start": "00:02:31", "end": "00:02:33", "text": "actually keeping it up at night. Because"}, {"start": "00:02:33", "end": "00:02:35", "text": "while the US dominates in chips and in"}, {"start": "00:02:35", "end": "00:02:37", "text": "compute and in models, think Meta and"}, {"start": "00:02:37", "end": "00:02:38", "text": "Google, all these companies."}, {"start": "00:02:38", "end": "00:02:42", "text": "Groundbreaking Awesome. China"}, {"start": "00:02:42", "end": "00:02:44", "text": "is catching up somewhere far more"}, {"start": "00:02:44", "end": "00:02:45", "text": "strategically important, and that's in"}, {"start": "00:02:45", "end": "00:02:49", "text": "infrastructure, power, and scale. The"}, {"start": "00:02:49", "end": "00:02:50", "text": "research backs it up. This ain't just"}, {"start": "00:02:50", "end": "00:02:53", "text": "lark's opinions, okay? Smarter people"}, {"start": "00:02:53", "end": "00:02:54", "text": "than me. Now look, China has just"}, {"start": "00:02:54", "end": "00:02:57", "text": "overtaken the USA in open- source AI"}, {"start": "00:02:57", "end": "00:02:59", "text": "downloads. Chinese companies like Deep"}, {"start": "00:02:59", "end": "00:03:00", "text": "Seek are showing they can take on"}, {"start": "00:03:00", "end": "00:03:03", "text": "Western ideas, optimize them, make them"}, {"start": "00:03:03", "end": "00:03:05", "text": "cheaper, pump them out at insane speed."}, {"start": "00:03:05", "end": "00:03:06", "text": "Everyone's arguing about whether or not"}, {"start": "00:03:06", "end": "00:03:08", "text": "this is a bubble. Meanwhile, China is"}, {"start": "00:03:08", "end": "00:03:10", "text": "quietly building. Those that quietly"}, {"start": "00:03:10", "end": "00:03:12", "text": "build in the background, they're the"}, {"start": "00:03:12", "end": "00:03:13", "text": "real ones you have to watch out for,"}, {"start": "00:03:13", "end": "00:03:15", "text": "okay? Ones that sneak up on you. Here's"}, {"start": "00:03:15", "end": "00:03:17", "text": "the part nobody on CNBC wants to talk"}, {"start": "00:03:17", "end": "00:03:19", "text": "about because it's a problem that's not"}, {"start": "00:03:19", "end": "00:03:22", "text": "easily solved. AI doesn't run on GPUs."}, {"start": "00:03:22", "end": "00:03:24", "text": "It runs on energy. Oh, the GPUs are an"}, {"start": "00:03:24", "end": "00:03:25", "text": "important part of the thing. But if you"}, {"start": "00:03:25", "end": "00:03:28", "text": "don't have any power for your GPUs,"}, {"start": "00:03:28", "end": "00:03:30", "text": "okay, you can't generate images of cat"}, {"start": "00:03:30", "end": "00:03:33", "text": "pictures, can you? No. The USA does not"}, {"start": "00:03:33", "end": "00:03:34", "text": "have enough energy. It literally needs"}, {"start": "00:03:34", "end": "00:03:36", "text": "to double its energy capacity in the"}, {"start": "00:03:36", "end": "00:03:38", "text": "next 5 years in order to keep up. Now,"}, {"start": "00:03:38", "end": "00:03:39", "text": "before we get on the next part of this"}, {"start": "00:03:39", "end": "00:03:40", "text": "conversation is wildly important, so"}, {"start": "00:03:40", "end": "00:03:43", "text": "please stay tuned. Guys, listen up. This"}, {"start": "00:03:43", "end": "00:03:44", "text": "is a no-brainer. If you're a crypto"}, {"start": "00:03:44", "end": "00:03:45", "text": "trader, FEMX, one of the most secure"}, {"start": "00:03:45", "end": "00:03:47", "text": "exchanges in crypto, is literally paying"}, {"start": "00:03:47", "end": "00:03:48", "text": "you to sign up and trade right now."}, {"start": "00:03:48", "end": "00:03:50", "text": "Deposit five grand, they give you 500"}, {"start": "00:03:50", "end": "00:03:52", "text": "bucks back. 10 grand, 1,000 bucks, a,000"}, {"start": "00:03:52", "end": "00:03:54", "text": "bucks back. That's insane. Go big."}, {"start": "00:03:54", "end": "00:03:56", "text": "$20,000 deposit, you're going to get"}, {"start": "00:03:56", "end": "00:03:59", "text": "$1,600 cash back plus up to $20,000 in"}, {"start": "00:03:59", "end": "00:04:01", "text": "bonuses on top of that. Look, I've"}, {"start": "00:04:01", "end": "00:04:03", "text": "traded FX for years. They're reliable."}, {"start": "00:04:03", "end": "00:04:05", "text": "They're liquid. They're global."}, {"start": "00:04:05", "end": "00:04:06", "text": "Available to anyone, anywhere. You might"}, {"start": "00:04:06", "end": "00:04:08", "text": "need VPN in some cases. This offer is"}, {"start": "00:04:08", "end": "00:04:11", "text": "very limited time, okay? So, start"}, {"start": "00:04:11", "end": "00:04:13", "text": "longing the rips, shorten the dips,"}, {"start": "00:04:13", "end": "00:04:15", "text": "okay? All that kind of stuff. You need a"}, {"start": "00:04:15", "end": "00:04:17", "text": "good place to do that. Click on the link"}, {"start": "00:04:17", "end": "00:04:19", "text": "right down here and claim your bonuses"}, {"start": "00:04:19", "end": "00:04:21", "text": "today before the offer runs out. Okay,"}, {"start": "00:04:21", "end": "00:04:23", "text": "so back into this. Look, this is exactly"}, {"start": "00:04:23", "end": "00:04:24", "text": "where the USA is in serious trouble when"}, {"start": "00:04:24", "end": "00:04:25", "text": "it comes to energy. Everyone's panicking"}, {"start": "00:04:25", "end": "00:04:28", "text": "about chip shortages. The real crisis is"}, {"start": "00:04:28", "end": "00:04:30", "text": "quickly becoming much more basic."}, {"start": "00:04:30", "end": "00:04:32", "text": "Microsoft CEO straight up admitted that"}, {"start": "00:04:32", "end": "00:04:33", "text": "the company has GPUs sitting inventory"}, {"start": "00:04:33", "end": "00:04:35", "text": "collecting dust because they don't have"}, {"start": "00:04:35", "end": "00:04:37", "text": "enough power to run them. There are a"}, {"start": "00:04:37", "end": "00:04:40", "text": "hundred million plus data centers"}, {"start": "00:04:40", "end": "00:04:42", "text": "sitting empty right now because US grids"}, {"start": "00:04:42", "end": "00:04:44", "text": "can't support their power demands."}, {"start": "00:04:44", "end": "00:04:46", "text": "That's a serious problem short term for"}, {"start": "00:04:46", "end": "00:04:48", "text": "the AI revolution. And it gets worse."}, {"start": "00:04:48", "end": "00:04:51", "text": "Between 2025 and 2028, US data centers"}, {"start": "00:04:51", "end": "00:04:54", "text": "will need an extra 69 gawatt of"}, {"start": "00:04:54", "end": "00:04:56", "text": "electricity. Put that in perspective."}, {"start": "00:04:56", "end": "00:04:57", "text": "That's the power consumption of entire"}, {"start": "00:04:57", "end": "00:04:58", "text": "countries. Now, America's always been a"}, {"start": "00:04:58", "end": "00:04:59", "text": "very power hungry country. It's part of"}, {"start": "00:04:59", "end": "00:05:00", "text": "the reason why it's a global superpower."}, {"start": "00:05:00", "end": "00:05:03", "text": "Guess how much of that is actually"}, {"start": "00:05:03", "end": "00:05:05", "text": "accounted for. 10 gawatts will come from"}, {"start": "00:05:05", "end": "00:05:06", "text": "data centers already being built with"}, {"start": "00:05:06", "end": "00:05:09", "text": "dedicated power. 15 gawatts can be"}, {"start": "00:05:09", "end": "00:05:11", "text": "squeezed out of the existing utility"}, {"start": "00:05:11", "end": "00:05:14", "text": "grid. And then you hit a cliff. Then"}, {"start": "00:05:14", "end": "00:05:15", "text": "we're in a real problem. America is"}, {"start": "00:05:15", "end": "00:05:18", "text": "staring at a gargantuan,"}, {"start": "00:05:18", "end": "00:05:21", "text": "almost insurmountable 44 gawatt"}, {"start": "00:05:21", "end": "00:05:24", "text": "shortfall, the equivalent of building 44"}, {"start": "00:05:24", "end": "00:05:26", "text": "nuclear power plants in just 3 years."}, {"start": "00:05:26", "end": "00:05:30", "text": "Possible, but it requires massive action"}, {"start": "00:05:30", "end": "00:05:32", "text": "on the part of the USA. A existential"}, {"start": "00:05:32", "end": "00:05:34", "text": "threat arms race kind of reaction, which"}, {"start": "00:05:34", "end": "00:05:36", "text": "Trump may or may not do. They've talked"}, {"start": "00:05:36", "end": "00:05:38", "text": "about it. But let it sink in. That is a"}, {"start": "00:05:38", "end": "00:05:40", "text": "wild shortfall. We're trying to run the"}, {"start": "00:05:40", "end": "00:05:42", "text": "biggest technological revolution since"}, {"start": "00:05:42", "end": "00:05:44", "text": "the internet. one with a massive"}, {"start": "00:05:44", "end": "00:05:45", "text": "implications. Whoever owns the future of"}, {"start": "00:05:45", "end": "00:05:46", "text": "AI is going to own everything. And"}, {"start": "00:05:46", "end": "00:05:47", "text": "they're trying to run that on a grid"}, {"start": "00:05:47", "end": "00:05:49", "text": "that hasn't materially improved since"}, {"start": "00:05:49", "end": "00:05:51", "text": "Blockbuster is alive. RIP Blockbuster,"}, {"start": "00:05:51", "end": "00:05:53", "text": "we had some good times, man. Anyway,"}, {"start": "00:05:53", "end": "00:05:55", "text": "Nvidia estimates 1 gawatt of data center"}, {"start": "00:05:55", "end": "00:05:57", "text": "capacity costs up to $60 billion in"}, {"start": "00:05:57", "end": "00:05:59", "text": "capital expenditure. So, to fill this"}, {"start": "00:05:59", "end": "00:06:01", "text": "gap, $2.6 trillion is needed just to"}, {"start": "00:06:01", "end": "00:06:02", "text": "generate the power. Another two trillion"}, {"start": "00:06:02", "end": "00:06:04", "text": "to build the data center. The casual 4.6"}, {"start": "00:06:04", "end": "00:06:07", "text": "trillion bill. Who the hell's going to"}, {"start": "00:06:07", "end": "00:06:08", "text": "put that? This is not a minor"}, {"start": "00:06:08", "end": "00:06:10", "text": "inconvenience. This is a fullbrown"}, {"start": "00:06:10", "end": "00:06:12", "text": "structural failure. And China's laughing"}, {"start": "00:06:12", "end": "00:06:13", "text": "all the way to the finish line because"}, {"start": "00:06:13", "end": "00:06:15", "text": "guess what? Their electricity generation"}, {"start": "00:06:15", "end": "00:06:19", "text": "went from around 1,000 terowatts in 1999"}, {"start": "00:06:19", "end": "00:06:22", "text": "to 10,000 today. Well, the USA is still"}, {"start": "00:06:22", "end": "00:06:24", "text": "sitting around 4,000 terowatt. You heard"}, {"start": "00:06:24", "end": "00:06:26", "text": "that right. China is currently producing"}, {"start": "00:06:26", "end": "00:06:30", "text": "2.5 times as much energy as the USA."}, {"start": "00:06:30", "end": "00:06:32", "text": "China didn't just build more energy, it"}, {"start": "00:06:32", "end": "00:06:35", "text": "built way more energy. This is why"}, {"start": "00:06:35", "end": "00:06:38", "text": "Nvidia CEO knows China could win because"}, {"start": "00:06:38", "end": "00:06:40", "text": "they have the smart people. They have"}, {"start": "00:06:40", "end": "00:06:43", "text": "the AI models. They make the GPUs. All"}, {"start": "00:06:43", "end": "00:06:45", "text": "they need to do is plug them into their"}, {"start": "00:06:45", "end": "00:06:47", "text": "domestic power grid. China has"}, {"start": "00:06:47", "end": "00:06:48", "text": "subsidized electricity, simplified"}, {"start": "00:06:48", "end": "00:06:50", "text": "regulation, the ability to prove and"}, {"start": "00:06:50", "end": "00:06:51", "text": "construct data centers faster than"}, {"start": "00:06:51", "end": "00:06:53", "text": "anyone else on Earth. The ability to"}, {"start": "00:06:53", "end": "00:06:55", "text": "approve and construct new power if"}, {"start": "00:06:55", "end": "00:06:56", "text": "needed, even though they have a lot of"}, {"start": "00:06:56", "end": "00:06:58", "text": "it left, faster than anyone on Earth."}, {"start": "00:06:58", "end": "00:06:59", "text": "Meanwhile, the US companies are"}, {"start": "00:06:59", "end": "00:07:01", "text": "literally being forced to build their"}, {"start": "00:07:01", "end": "00:07:02", "text": "own power plants to keep AI alive."}, {"start": "00:07:02", "end": "00:07:04", "text": "That's how bad the situation is."}, {"start": "00:07:04", "end": "00:07:07", "text": "America, Elon's XAI, OpenAI, and Google,"}, {"start": "00:07:07", "end": "00:07:08", "text": "they're all throwing hundreds of"}, {"start": "00:07:08", "end": "00:07:10", "text": "billions of dollars at actual power grid"}, {"start": "00:07:10", "end": "00:07:11", "text": "rebuilds. President Trump is slashing"}, {"start": "00:07:11", "end": "00:07:13", "text": "federal and state regulations to try to"}, {"start": "00:07:13", "end": "00:07:15", "text": "keep things up to speed here. But we"}, {"start": "00:07:15", "end": "00:07:18", "text": "know that won't be enough. So, the way I"}, {"start": "00:07:18", "end": "00:07:19", "text": "see it, the best positioned winners of"}, {"start": "00:07:19", "end": "00:07:21", "text": "the AI revolution may not actually be"}, {"start": "00:07:21", "end": "00:07:24", "text": "the AI companies themselves. Yeah, I got"}, {"start": "00:07:24", "end": "00:07:25", "text": "those stocks, too, man. Don't do me"}, {"start": "00:07:25", "end": "00:07:27", "text": "wrong. But it's going to be the ones who"}, {"start": "00:07:27", "end": "00:07:29", "text": "are already solving the power problems"}, {"start": "00:07:29", "end": "00:07:31", "text": "years ago and will continue to in the"}, {"start": "00:07:31", "end": "00:07:32", "text": "future. Well, the AI giants are begging"}, {"start": "00:07:32", "end": "00:07:35", "text": "for grid access. Bitcoin miners are"}, {"start": "00:07:35", "end": "00:07:37", "text": "sitting on 20 gigawatts of largecale"}, {"start": "00:07:37", "end": "00:07:40", "text": "grid connected sites and they can"}, {"start": "00:07:40", "end": "00:07:42", "text": "deliver massive power capacity to AI"}, {"start": "00:07:42", "end": "00:07:44", "text": "players much faster than any new data"}, {"start": "00:07:44", "end": "00:07:47", "text": "center built in the US can. Morgan"}, {"start": "00:07:47", "end": "00:07:49", "text": "Stanley basically said the quiet part"}, {"start": "00:07:49", "end": "00:07:51", "text": "out loud recently. They said Bitcoin"}, {"start": "00:07:51", "end": "00:07:53", "text": "miners offer the fastest lowest risk"}, {"start": "00:07:53", "end": "00:07:55", "text": "past power for AI. That puts companies"}, {"start": "00:07:55", "end": "00:07:57", "text": "like iron, clean spark, cipher mining in"}, {"start": "00:07:57", "end": "00:07:58", "text": "the spotlight. These guys aren't just"}, {"start": "00:07:58", "end": "00:08:00", "text": "mining Bitcoin. They built industrial"}, {"start": "00:08:00", "end": "00:08:02", "text": "scale energy infrastructure, massive"}, {"start": "00:08:02", "end": "00:08:04", "text": "sites, secured interconnection"}, {"start": "00:08:04", "end": "00:08:08", "text": "agreements, and the operational knowhow"}, {"start": "00:08:08", "end": "00:08:11", "text": "to move very fast when AI demand shows"}, {"start": "00:08:11", "end": "00:08:16", "text": "up waving blank checks. AI needs power."}, {"start": "00:08:16", "end": "00:08:19", "text": "Bitcoin miners already have it. And if"}, {"start": "00:08:19", "end": "00:08:21", "text": "you want to get rich in the AI"}, {"start": "00:08:21", "end": "00:08:23", "text": "revolution, then make sure you check out"}, {"start": "00:08:23", "end": "00:08:24", "text": "my free newsletter. It's awesome. No,"}, {"start": "00:08:24", "end": "00:08:26", "text": "seriously, guys. Go check it out. Link"}, {"start": "00:08:26", "end": "00:08:27", "text": "down below. We talk about all this kind"}, {"start": "00:08:27", "end": "00:08:28", "text": "of stuff. We talk about energy stocks."}, {"start": "00:08:28", "end": "00:08:32", "text": "to talk about AI stocks, tech stocks,"}, {"start": "00:08:32", "end": "00:08:34", "text": "all kinds of stuff. Okay, you'll love"}, {"start": "00:08:34", "end": "00:08:35", "text": "it. It's free. 188,000 people can read"}, {"start": "00:08:35", "end": "00:08:36", "text": "it. You'll be one of those people. Link"}, {"start": "00:08:36", "end": "00:08:38", "text": "down below. Anyway, of course, you have"}, {"start": "00:08:38", "end": "00:08:39", "text": "the nuclear angle here, too. If AI is"}, {"start": "00:08:39", "end": "00:08:40", "text": "going to consume energy like a black"}, {"start": "00:08:40", "end": "00:08:42", "text": "hole, nuclear energy becomes the"}, {"start": "00:08:42", "end": "00:08:44", "text": "backbone of this reality. That's where"}, {"start": "00:08:44", "end": "00:08:46", "text": "the big guns step in like uranium"}, {"start": "00:08:46", "end": "00:08:48", "text": "company Camco, which I own by the way."}, {"start": "00:08:48", "end": "00:08:50", "text": "Full portfolio disclosures as always"}, {"start": "00:08:50", "end": "00:08:51", "text": "down below in the comment section. Risk"}, {"start": "00:08:51", "end": "00:08:53", "text": "statement there too because investing in"}, {"start": "00:08:53", "end": "00:08:54", "text": "anything is risky. You lose all your"}, {"start": "00:08:54", "end": "00:08:56", "text": "money. Okay. Camco and the biggest uh"}, {"start": "00:08:56", "end": "00:08:58", "text": "nuclear energy operator in the USA, uh,"}, {"start": "00:08:58", "end": "00:09:00", "text": "Constellation Energy. Camco controls the"}, {"start": "00:09:00", "end": "00:09:01", "text": "fuel. Constellation controls the"}, {"start": "00:09:01", "end": "00:09:02", "text": "reactors. Together, they're basically"}, {"start": "00:09:02", "end": "00:09:04", "text": "the Nvidia of electricity. It's pretty"}, {"start": "00:09:04", "end": "00:09:06", "text": "good, isn't it? The picks and shovels"}, {"start": "00:09:06", "end": "00:09:09", "text": "play that everybody needs, but nobody"}, {"start": "00:09:09", "end": "00:09:12", "text": "can replace. AI demand is exploding, and"}, {"start": "00:09:12", "end": "00:09:14", "text": "it's not going to go away anytime soon."}, {"start": "00:09:14", "end": "00:09:16", "text": "The US power grid is overloaded. Okay,"}, {"start": "00:09:16", "end": "00:09:18", "text": "new infrastructure takes years to build."}, {"start": "00:09:18", "end": "00:09:20", "text": "Bitcoin miners are well positioned to"}, {"start": "00:09:20", "end": "00:09:22", "text": "transition to AI data centers. And major"}, {"start": "00:09:22", "end": "00:09:23", "text": "players like the two nuclear players I"}, {"start": "00:09:23", "end": "00:09:25", "text": "just mentioned are well positioned to"}, {"start": "00:09:25", "end": "00:09:28", "text": "keep fueling that future. But more needs"}, {"start": "00:09:28", "end": "00:09:30", "text": "to be done. This is the global arms race"}, {"start": "00:09:30", "end": "00:09:32", "text": "for AI. And the loser is going to be"}, {"start": "00:09:32", "end": "00:09:34", "text": "there's no room for second place. Let's"}, {"start": "00:09:34", "end": "00:09:35", "text": "put it that way. So everyone is fighting"}, {"start": "00:09:35", "end": "00:09:37", "text": "about an AI as a bubble. The market is"}, {"start": "00:09:37", "end": "00:09:38", "text": "quietly repricing companies actually"}, {"start": "00:09:38", "end": "00:09:40", "text": "power the revolution. This isn't just an"}, {"start": "00:09:40", "end": "00:09:42", "text": "AI play. It's an energy play. And the"}, {"start": "00:09:42", "end": "00:09:44", "text": "smartest capital in the room is already"}, {"start": "00:09:44", "end": "00:09:49", "text": "positioning itself. Thanks for watching."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Bitcoin is going to zero. That has been"}, {"start": "00:00:02", "end": "00:00:04", "text": "the mantra of Bitcoin bears for over a"}, {"start": "00:00:04", "end": "00:00:06", "text": "decade now with the bank continually"}, {"start": "00:00:06", "end": "00:00:09", "text": "hilariously wrong. Every time BTC dips"}, {"start": "00:00:09", "end": "00:00:11", "text": "even a tiny 2%, they triumphily declare,"}, {"start": "00:00:11", "end": "00:00:12", "text": "\"See, I told you so. It's all over.\""}, {"start": "00:00:12", "end": "00:00:15", "text": "Now, Bitcoin's down roughly 30% from its"}, {"start": "00:00:15", "end": "00:00:16", "text": "all-time highs, the bears are likely"}, {"start": "00:00:16", "end": "00:00:17", "text": "laughing while looking at their"}, {"start": "00:00:17", "end": "00:00:19", "text": "massively profitable short positions. Or"}, {"start": "00:00:19", "end": "00:00:20", "text": "at least gloating because I love to talk"}, {"start": "00:00:20", "end": "00:00:22", "text": "all the time. But what if this is"}, {"start": "00:00:22", "end": "00:00:25", "text": "just one giant bear trap? You might not"}, {"start": "00:00:25", "end": "00:00:27", "text": "want to go short just yet. Stay until"}, {"start": "00:00:27", "end": "00:00:29", "text": "the end because this might be the"}, {"start": "00:00:29", "end": "00:00:31", "text": "biggest trap in crypto history. Now,"}, {"start": "00:00:31", "end": "00:00:32", "text": "let's take a look at this chart here"}, {"start": "00:00:32", "end": "00:00:34", "text": "shared by TechDev over on X because it"}, {"start": "00:00:34", "end": "00:00:36", "text": "flips the entire bearish narrative on"}, {"start": "00:00:36", "end": "00:00:38", "text": "its head. He argues that the current"}, {"start": "00:00:38", "end": "00:00:41", "text": "price action is a top caller's worst"}, {"start": "00:00:41", "end": "00:00:44", "text": "nightmare. And what he means is actually"}, {"start": "00:00:44", "end": "00:00:46", "text": "pretty simple. While bears are cheering"}, {"start": "00:00:46", "end": "00:00:48", "text": "every single red candle that we get and"}, {"start": "00:00:48", "end": "00:00:51", "text": "every pullback from the all-time high,"}, {"start": "00:00:51", "end": "00:00:52", "text": "they're actually missing something"}, {"start": "00:00:52", "end": "00:00:54", "text": "really big. They're missing the bigger"}, {"start": "00:00:54", "end": "00:00:56", "text": "structure of the market. Bitcoin is"}, {"start": "00:00:56", "end": "00:00:58", "text": "still respecting its long-term ascending"}, {"start": "00:00:58", "end": "00:01:01", "text": "channel. Sorry, bears. And within that"}, {"start": "00:01:01", "end": "00:01:04", "text": "structure, sideways chop isn't bearish."}, {"start": "00:01:04", "end": "00:01:07", "text": "It's just usual situation in the"}, {"start": "00:01:07", "end": "00:01:10", "text": "markets. Okay, markets taking a bit of a"}, {"start": "00:01:10", "end": "00:01:12", "text": "breather, laying underwater for a few"}, {"start": "00:01:12", "end": "00:01:16", "text": "minutes relaxing. I guess it's not very"}, {"start": "00:01:16", "end": "00:01:17", "text": "relaxing, but anyway, it's doing its"}, {"start": "00:01:17", "end": "00:01:18", "text": "thing right now, but it's not"}, {"start": "00:01:18", "end": "00:01:20", "text": "necessarily bad. This is where things"}, {"start": "00:01:20", "end": "00:01:21", "text": "get dangerous for the people who want to"}, {"start": "00:01:21", "end": "00:01:24", "text": "short every single dip. They think the"}, {"start": "00:01:24", "end": "00:01:25", "text": "trend has reversed, but all Bitcoin is"}, {"start": "00:01:25", "end": "00:01:27", "text": "doing is pausing inside of this channel"}, {"start": "00:01:27", "end": "00:01:29", "text": "before continuing to move higher. When"}, {"start": "00:01:29", "end": "00:01:31", "text": "that next leg hits, everyone betting"}, {"start": "00:01:31", "end": "00:01:32", "text": "against it gets blown out instantly."}, {"start": "00:01:32", "end": "00:01:34", "text": "Now, here's the interesting sauce."}, {"start": "00:01:34", "end": "00:01:37", "text": "Bitcoin could tag around $180,000 in the"}, {"start": "00:01:37", "end": "00:01:39", "text": "first half of 2026, potentially make"}, {"start": "00:01:39", "end": "00:01:42", "text": "another major top near $300,000 in the"}, {"start": "00:01:42", "end": "00:01:44", "text": "second half of the year. I know that"}, {"start": "00:01:44", "end": "00:01:45", "text": "raises a lot of questions about how"}, {"start": "00:01:45", "end": "00:01:47", "text": "realistic any of those price levels are."}, {"start": "00:01:47", "end": "00:01:49", "text": "Everybody is in complete disbelief this"}, {"start": "00:01:49", "end": "00:01:50", "text": "can even happen right now because"}, {"start": "00:01:50", "end": "00:01:51", "text": "everyone's believing the four-year cycle"}, {"start": "00:01:51", "end": "00:01:53", "text": "is on. We're going to a perfect bare"}, {"start": "00:01:53", "end": "00:01:55", "text": "market and the low will be in October to"}, {"start": "00:01:55", "end": "00:01:57", "text": "November next year. Hold that thought."}, {"start": "00:01:57", "end": "00:02:00", "text": "So look, to really understand why top"}, {"start": "00:02:00", "end": "00:02:01", "text": "calling is so dangerous when we haven't"}, {"start": "00:02:01", "end": "00:02:04", "text": "had any any top signals, no euphoria or"}, {"start": "00:02:04", "end": "00:02:05", "text": "any of that kind of stuff, we have to"}, {"start": "00:02:05", "end": "00:02:06", "text": "zoom out and take a look at how markets"}, {"start": "00:02:06", "end": "00:02:08", "text": "actually behave. There will always be"}, {"start": "00:02:08", "end": "00:02:11", "text": "bears calling the top. Every single move"}, {"start": "00:02:11", "end": "00:02:15", "text": "to down 1% they call the top. Eventually"}, {"start": "00:02:15", "end": "00:02:17", "text": "the doom forecasters after they've"}, {"start": "00:02:17", "end": "00:02:19", "text": "predicted the end a h 100red times will"}, {"start": "00:02:19", "end": "00:02:21", "text": "be right one time. Okay? But many of"}, {"start": "00:02:21", "end": "00:02:23", "text": "those get wrecked. You don't want to bet"}, {"start": "00:02:23", "end": "00:02:25", "text": "against progress. You don't want to bet"}, {"start": "00:02:25", "end": "00:02:26", "text": "against technology in the future."}, {"start": "00:02:26", "end": "00:02:28", "text": "History gives us a perfect example."}, {"start": "00:02:28", "end": "00:02:30", "text": "Before the dot bubble truly popped,"}, {"start": "00:02:30", "end": "00:02:31", "text": "bearish voices were everywhere. Jeff"}, {"start": "00:02:31", "end": "00:02:33", "text": "Bezos founded Amazon in 1994 as nothing"}, {"start": "00:02:33", "end": "00:02:35", "text": "more than online bookstore in 1997. It"}, {"start": "00:02:35", "end": "00:02:37", "text": "got listed on the NASDAQ, but sentiment"}, {"start": "00:02:37", "end": "00:02:38", "text": "was brutal. A lot of people thought the"}, {"start": "00:02:38", "end": "00:02:41", "text": "entire internet was just a fad. Newsweek"}, {"start": "00:02:41", "end": "00:02:43", "text": "literally dismissed it as hype."}, {"start": "00:02:43", "end": "00:02:45", "text": "Oh, the internet is bought of hype. No"}, {"start": "00:02:45", "end": "00:02:46", "text": "one's ever going to do anything with"}, {"start": "00:02:46", "end": "00:02:48", "text": "that. Then 1999, Barons published a"}, {"start": "00:02:48", "end": "00:02:50", "text": "piece predicting Amazon's stock crash"}, {"start": "00:02:50", "end": "00:02:51", "text": "and that the real winners of the"}, {"start": "00:02:51", "end": "00:02:53", "text": "internet boom would be the companies"}, {"start": "00:02:53", "end": "00:02:55", "text": "sticking to traditional models. Bears"}, {"start": "00:02:55", "end": "00:02:58", "text": "felt certain that Amazon was done and it"}, {"start": "00:02:58", "end": "00:03:00", "text": "was going to zero. But here's what"}, {"start": "00:03:00", "end": "00:03:02", "text": "actually happened. Amazon stock did fall"}, {"start": "00:03:02", "end": "00:03:05", "text": "about 62%. Pretty brutal. We saw similar"}, {"start": "00:03:05", "end": "00:03:07", "text": "moves down for a lot of stocks in 2022,"}, {"start": "00:03:07", "end": "00:03:09", "text": "by the way. Facebook went down 75%. And"}, {"start": "00:03:09", "end": "00:03:11", "text": "anybody shorting Amazon would have felt"}, {"start": "00:03:11", "end": "00:03:13", "text": "like a genius. And hey, for a short-term"}, {"start": "00:03:13", "end": "00:03:16", "text": "trade, fine. Book your profits, move on,"}, {"start": "00:03:16", "end": "00:03:17", "text": "be happy with your life. But for"}, {"start": "00:03:17", "end": "00:03:20", "text": "long-term, they were wrong because"}, {"start": "00:03:20", "end": "00:03:22", "text": "Amazon then ripped more than 180% by the"}, {"start": "00:03:22", "end": "00:03:24", "text": "end of the year. And it wasn't just"}, {"start": "00:03:24", "end": "00:03:27", "text": "Amazon. From 1995 to 1999, the NASDAQ"}, {"start": "00:03:27", "end": "00:03:29", "text": "kept grinding higher. Even as bearish"}, {"start": "00:03:29", "end": "00:03:31", "text": "calls grew louder, people were calling"}, {"start": "00:03:31", "end": "00:03:32", "text": "it the biggest bubble ever. Valuations"}, {"start": "00:03:32", "end": "00:03:34", "text": "were insane. Analysts are screaming the"}, {"start": "00:03:34", "end": "00:03:37", "text": "top was in. The Nasdaq still rallied"}, {"start": "00:03:37", "end": "00:03:40", "text": "another 4 to 600%"}, {"start": "00:03:40", "end": "00:03:42", "text": "after the loudest top calls. Put that in"}, {"start": "00:03:42", "end": "00:03:43", "text": "context with our current AI bubble. By"}, {"start": "00:03:43", "end": "00:03:46", "text": "the way, shorts were obliterated in"}, {"start": "00:03:46", "end": "00:03:49", "text": "1999. Their calls eventually came true"}, {"start": "00:03:49", "end": "00:03:51", "text": "and we had the dot collapse. Even a"}, {"start": "00:03:51", "end": "00:03:53", "text": "great story from Stanley Draen Miller."}, {"start": "00:03:53", "end": "00:03:56", "text": "He shorted months before the top, got"}, {"start": "00:03:56", "end": "00:03:57", "text": "washed out. But he was right. He was"}, {"start": "00:03:57", "end": "00:03:59", "text": "just early. No points for being early."}, {"start": "00:03:59", "end": "00:04:01", "text": "It makes you wrong. And if you want a"}, {"start": "00:04:01", "end": "00:04:03", "text": "modern reminder of just how dangerous"}, {"start": "00:04:03", "end": "00:04:04", "text": "shorting can be, just look back at"}, {"start": "00:04:04", "end": "00:04:07", "text": "Tesla. Back in October 2019, Tesla"}, {"start": "00:04:07", "end": "00:04:09", "text": "dropped a shocking earnings beat and the"}, {"start": "00:04:09", "end": "00:04:11", "text": "stock exploded nearly 17% in a single"}, {"start": "00:04:11", "end": "00:04:14", "text": "day. It's the best run since 2013."}, {"start": "00:04:14", "end": "00:04:16", "text": "Shorts were completely obliterated."}, {"start": "00:04:16", "end": "00:04:18", "text": "According to S3 Analytics, investors"}, {"start": "00:04:18", "end": "00:04:20", "text": "betting against Tesla lost over $1.4"}, {"start": "00:04:20", "end": "00:04:24", "text": "billion in marktomarket losses in just"}, {"start": "00:04:24", "end": "00:04:26", "text": "one day, wiping out almost 70% of their"}, {"start": "00:04:26", "end": "00:04:28", "text": "profits for the entire year. Remember,"}, {"start": "00:04:28", "end": "00:04:30", "text": "this was not a small group. Tesla was"}, {"start": "00:04:30", "end": "00:04:33", "text": "the most heavily shorted stock in the"}, {"start": "00:04:33", "end": "00:04:36", "text": "United States. Big investing giants"}, {"start": "00:04:36", "end": "00:04:38", "text": "David Einhorn, Jim Chanos were publicly"}, {"start": "00:04:38", "end": "00:04:40", "text": "battling Elon Musk for years, saying,"}, {"start": "00:04:40", "end": "00:04:42", "text": "\"This stock's going to zero, man.\" Musk"}, {"start": "00:04:42", "end": "00:04:44", "text": "even warned in 2018 that the shorts were"}, {"start": "00:04:44", "end": "00:04:46", "text": "about to feel the burn of the century."}, {"start": "00:04:46", "end": "00:04:49", "text": "It took a while, but on that day, it"}, {"start": "00:04:49", "end": "00:04:51", "text": "finally started playing out exactly as"}, {"start": "00:04:51", "end": "00:04:54", "text": "he had predicted. The lesson here is"}, {"start": "00:04:54", "end": "00:04:57", "text": "simple. Shorting something that you"}, {"start": "00:04:57", "end": "00:05:00", "text": "think is going to zero when it's"}, {"start": "00:05:00", "end": "00:05:02", "text": "actually just consolidating inside of a"}, {"start": "00:05:02", "end": "00:05:05", "text": "larger uptrend is a pretty fast track to"}, {"start": "00:05:05", "end": "00:05:08", "text": "getting blown up. And that may be"}, {"start": "00:05:08", "end": "00:05:11", "text": "exactly what's happening with Bitcoin"}, {"start": "00:05:11", "end": "00:05:12", "text": "and the dynamic that we're talking about"}, {"start": "00:05:12", "end": "00:05:15", "text": "here. Okay, perhaps it's a warning for"}, {"start": "00:05:15", "end": "00:05:17", "text": "Bitcoin right now. Market looks shaky in"}, {"start": "00:05:17", "end": "00:05:20", "text": "the short term, but it's still moving"}, {"start": "00:05:20", "end": "00:05:22", "text": "inside a long-term structure that"}, {"start": "00:05:22", "end": "00:05:25", "text": "punishes premature bare calls. Very"}, {"start": "00:05:25", "end": "00:05:28", "text": "short-term trades, fine. Bigger cycle"}, {"start": "00:05:28", "end": "00:05:31", "text": "thesis, be careful. Now, real quick,"}, {"start": "00:05:31", "end": "00:05:34", "text": "guys, crypto traders, listen up to this"}, {"start": "00:05:34", "end": "00:05:35", "text": "one, okay? You need to hear this is an"}, {"start": "00:05:35", "end": "00:05:37", "text": "insane Black Friday deal. You don't want"}, {"start": "00:05:37", "end": "00:05:39", "text": "to miss it. NordVPN's Black Friday deal"}, {"start": "00:05:39", "end": "00:05:41", "text": "is live right now. It is the biggest"}, {"start": "00:05:41", "end": "00:05:44", "text": "discount they offer all year. If you've"}, {"start": "00:05:44", "end": "00:05:46", "text": "been putting off getting real crypto"}, {"start": "00:05:46", "end": "00:05:48", "text": "security, this is not the moment to"}, {"start": "00:05:48", "end": "00:05:50", "text": "delay. Crypto is not anonymous. Your IP"}, {"start": "00:05:50", "end": "00:05:52", "text": "is exposed. Scammers run fake exchanges."}, {"start": "00:05:52", "end": "00:05:54", "text": "Malicious wallet addresses are"}, {"start": "00:05:54", "end": "00:05:57", "text": "everywhere. One mistake, you're done."}, {"start": "00:05:57", "end": "00:06:00", "text": "You're wiped out. NordVPN protects you"}, {"start": "00:06:00", "end": "00:06:02", "text": "by encrypting your connection, hiding"}, {"start": "00:06:02", "end": "00:06:04", "text": "your IP, blocking dangerous sites with"}, {"start": "00:06:04", "end": "00:06:06", "text": "their threat protection."}, {"start": "00:06:06", "end": "00:06:09", "text": "And now with their new crypto wallet"}, {"start": "00:06:09", "end": "00:06:11", "text": "address checker, you get even more"}, {"start": "00:06:11", "end": "00:06:13", "text": "protection because it instantly alerts"}, {"start": "00:06:13", "end": "00:06:15", "text": "you if an address looks malicious. That"}, {"start": "00:06:15", "end": "00:06:17", "text": "feature alone can save your entire"}, {"start": "00:06:17", "end": "00:06:19", "text": "portfolio. For the price of a coffee"}, {"start": "00:06:19", "end": "00:06:21", "text": "every month, man, feels like that's"}, {"start": "00:06:21", "end": "00:06:23", "text": "worth it. It won't be cheaper later. You"}, {"start": "00:06:23", "end": "00:06:24", "text": "only have a few more days to get in on"}, {"start": "00:06:24", "end": "00:06:26", "text": "the offer. Don't wait. Protect your"}, {"start": "00:06:26", "end": "00:06:28", "text": "crypto. Protect your privacy. Grab the"}, {"start": "00:06:28", "end": "00:06:30", "text": "best price before it's gone. Hit the"}, {"start": "00:06:30", "end": "00:06:32", "text": "link down below in the description to"}, {"start": "00:06:32", "end": "00:06:35", "text": "secure your privacy today. And thanks to"}, {"start": "00:06:35", "end": "00:06:37", "text": "NordVPN for sponsoring today's video."}, {"start": "00:06:37", "end": "00:06:39", "text": "Now, let's bring it back to the present"}, {"start": "00:06:39", "end": "00:06:41", "text": "and look at the Bitcoin chart. Bitcoin"}, {"start": "00:06:41", "end": "00:06:43", "text": "has been moving inside a clean ascending"}, {"start": "00:06:43", "end": "00:06:45", "text": "channel for months now, bouncing between"}, {"start": "00:06:45", "end": "00:06:48", "text": "support and resistance, kind of like"}, {"start": "00:06:48", "end": "00:06:50", "text": "clockwork. Here's the part that most"}, {"start": "00:06:50", "end": "00:06:53", "text": "people miss. A 30% drop, while scary in"}, {"start": "00:06:53", "end": "00:06:55", "text": "the short term, is still inside the"}, {"start": "00:06:55", "end": "00:06:58", "text": "structure and does not in of itself mean"}, {"start": "00:06:58", "end": "00:06:59", "text": "a new bare market. Yes, they're worrying"}, {"start": "00:06:59", "end": "00:07:02", "text": "things like closing under the 50we EMA."}, {"start": "00:07:02", "end": "00:07:03", "text": "I get it. These kind of drops are"}, {"start": "00:07:03", "end": "00:07:04", "text": "relatively standard in a bull market,"}, {"start": "00:07:04", "end": "00:07:05", "text": "but I don't like the structure of the"}, {"start": "00:07:05", "end": "00:07:07", "text": "EMAs. That's one thing. But the"}, {"start": "00:07:07", "end": "00:07:09", "text": "structure of the channel, that's"}, {"start": "00:07:09", "end": "00:07:10", "text": "interesting. Historically, these"}, {"start": "00:07:10", "end": "00:07:11", "text": "pullbacks have actually been some of the"}, {"start": "00:07:11", "end": "00:07:13", "text": "best buying opportunities of the cycle."}, {"start": "00:07:13", "end": "00:07:15", "text": "In August 24, Bitcoin broke below 50K,"}, {"start": "00:07:15", "end": "00:07:17", "text": "only to rip all the way to 110K by"}, {"start": "00:07:17", "end": "00:07:18", "text": "January. In April of this year, it"}, {"start": "00:07:18", "end": "00:07:20", "text": "dipped under 80K. Few months later,"}, {"start": "00:07:20", "end": "00:07:22", "text": "blast up to $126,000 all-time high in"}, {"start": "00:07:22", "end": "00:07:24", "text": "October. And right now, we're back at a"}, {"start": "00:07:24", "end": "00:07:27", "text": "crossroads. Four-year cycle theorists"}, {"start": "00:07:27", "end": "00:07:28", "text": "believe it's truly all over, and they're"}, {"start": "00:07:28", "end": "00:07:29", "text": "getting the heck out of the market."}, {"start": "00:07:29", "end": "00:07:31", "text": "Extended cycle theorists are looking at"}, {"start": "00:07:31", "end": "00:07:32", "text": "this as a dip buying opportunity and"}, {"start": "00:07:32", "end": "00:07:34", "text": "they're adding to their bags. Who will"}, {"start": "00:07:34", "end": "00:07:36", "text": "be right? Place your bets. Right. Right"}, {"start": "00:07:36", "end": "00:07:38", "text": "now, we're testing the lower edge of"}, {"start": "00:07:38", "end": "00:07:39", "text": "this channel again. And I can't tell you"}, {"start": "00:07:39", "end": "00:07:40", "text": "with certainty whether this support"}, {"start": "00:07:40", "end": "00:07:42", "text": "holds or not. Markets have been very"}, {"start": "00:07:42", "end": "00:07:43", "text": "weak. There's been a lot of pain and"}, {"start": "00:07:43", "end": "00:07:45", "text": "fear in the markets. What I can tell you"}, {"start": "00:07:45", "end": "00:07:47", "text": "is that the monthly EMA 20 is sitting"}, {"start": "00:07:47", "end": "00:07:50", "text": "right beneath the monthly candle. And"}, {"start": "00:07:50", "end": "00:07:51", "text": "throughout the entire bull run, it has"}, {"start": "00:07:51", "end": "00:07:53", "text": "been one of Bitcoin's most reliable"}, {"start": "00:07:53", "end": "00:07:55", "text": "support levels. However, bulls need to"}, {"start": "00:07:55", "end": "00:07:57", "text": "get their together because it's"}, {"start": "00:07:57", "end": "00:07:58", "text": "getting too close for comfort right now."}, {"start": "00:07:58", "end": "00:08:00", "text": "And I know what you're thinking, Lark."}, {"start": "00:08:00", "end": "00:08:01", "text": "Is it even really possible to hit"}, {"start": "00:08:01", "end": "00:08:03", "text": "$180,000? I don't believe anymore."}, {"start": "00:08:03", "end": "00:08:06", "text": "$300,000. Stop smoking the opium, man."}, {"start": "00:08:06", "end": "00:08:07", "text": "That's a million-dollar question. I"}, {"start": "00:08:07", "end": "00:08:09", "text": "guess the $300,000 question, isn't it?"}, {"start": "00:08:09", "end": "00:08:10", "text": "And the truth is, nobody knows the"}, {"start": "00:08:10", "end": "00:08:11", "text": "answer for sure. Anybody can draw"}, {"start": "00:08:11", "end": "00:08:13", "text": "doodles on a chart and say, \"Hey, I"}, {"start": "00:08:13", "end": "00:08:14", "text": "think we're still going to go up.\""}, {"start": "00:08:14", "end": "00:08:16", "text": "Anyone can sketch an ascending channel"}, {"start": "00:08:16", "end": "00:08:18", "text": "and call it analysis. But this is where"}, {"start": "00:08:18", "end": "00:08:20", "text": "the story shifts from chart patterns to"}, {"start": "00:08:20", "end": "00:08:22", "text": "macro reality. Because the real fuel"}, {"start": "00:08:22", "end": "00:08:24", "text": "behind Bitcoin's next move isn't just"}, {"start": "00:08:24", "end": "00:08:26", "text": "lines on a chart. It's liquidity, baby."}, {"start": "00:08:26", "end": "00:08:28", "text": "It's policy. what central banks and"}, {"start": "00:08:28", "end": "00:08:30", "text": "governments are doing right now behind"}, {"start": "00:08:30", "end": "00:08:33", "text": "the scenes. Why are we still potentially"}, {"start": "00:08:33", "end": "00:08:35", "text": "going to go up massively? The macro"}, {"start": "00:08:35", "end": "00:08:38", "text": "backdrop is quietly turning even more"}, {"start": "00:08:38", "end": "00:08:40", "text": "bullish right now. Yeah, there's some"}, {"start": "00:08:40", "end": "00:08:41", "text": "stress. There's always stress in the"}, {"start": "00:08:41", "end": "00:08:43", "text": "market. Oh, Japan carry trade is going"}, {"start": "00:08:43", "end": "00:08:45", "text": "to unwind. Oh, the Fed's not going to"}, {"start": "00:08:45", "end": "00:08:47", "text": "cut rates. But first thing here, the"}, {"start": "00:08:47", "end": "00:08:48", "text": "Federal Reserve officially announced"}, {"start": "00:08:48", "end": "00:08:49", "text": "it'll end its quant tightening program"}, {"start": "00:08:49", "end": "00:08:51", "text": "on December 1st. Now, it's only $5"}, {"start": "00:08:51", "end": "00:08:52", "text": "billion a month right now. They've"}, {"start": "00:08:52", "end": "00:08:54", "text": "already reduced it pretty significantly,"}, {"start": "00:08:54", "end": "00:08:57", "text": "but still it's a major move in the shift"}, {"start": "00:08:57", "end": "00:08:58", "text": "towards maintaining its balance sheet"}, {"start": "00:08:58", "end": "00:08:59", "text": "rather than further shrinking it. That"}, {"start": "00:08:59", "end": "00:09:01", "text": "means fewer securities rolling off his"}, {"start": "00:09:01", "end": "00:09:03", "text": "books and potentially reinvestments or"}, {"start": "00:09:03", "end": "00:09:04", "text": "purchases ahead. It's starting to get a"}, {"start": "00:09:04", "end": "00:09:06", "text": "lot of chatter about that on the"}, {"start": "00:09:06", "end": "00:09:08", "text": "timeline. Technical adjustments could be"}, {"start": "00:09:08", "end": "00:09:10", "text": "coming. Not QE, but kind of like QE."}, {"start": "00:09:10", "end": "00:09:12", "text": "Next, the Treasury General Account or"}, {"start": "00:09:12", "end": "00:09:13", "text": "the TGA. Basically, the government's"}, {"start": "00:09:13", "end": "00:09:15", "text": "checking account. This seized up and was"}, {"start": "00:09:15", "end": "00:09:17", "text": "inaccessible during government lockdown,"}, {"start": "00:09:17", "end": "00:09:20", "text": "which kind of led to some of the"}, {"start": "00:09:20", "end": "00:09:21", "text": "dysfunction we've seen in the markets"}, {"start": "00:09:21", "end": "00:09:22", "text": "recently, but it's now slowly releasing"}, {"start": "00:09:22", "end": "00:09:24", "text": "funds back into the economy after the"}, {"start": "00:09:24", "end": "00:09:25", "text": "shutdown. Tens of billions have already"}, {"start": "00:09:25", "end": "00:09:27", "text": "exited. Every dollar flowing out of the"}, {"start": "00:09:27", "end": "00:09:29", "text": "TGA and into the system is effectively a"}, {"start": "00:09:29", "end": "00:09:32", "text": "hidden liquidity injection, adding fuel"}, {"start": "00:09:32", "end": "00:09:35", "text": "to risk assets, whether it be AI tech"}, {"start": "00:09:35", "end": "00:09:38", "text": "stocks or Bitcoin. Globally, Japan is"}, {"start": "00:09:38", "end": "00:09:39", "text": "preparing a massive stimulus package"}, {"start": "00:09:39", "end": "00:09:43", "text": "right now exceeding $110 billion."}, {"start": "00:09:43", "end": "00:09:46", "text": "about 17 trillion yen. Now, this has"}, {"start": "00:09:46", "end": "00:09:47", "text": "sent Japanese bonds going absolutely"}, {"start": "00:09:47", "end": "00:09:50", "text": "bonkers crazy. So, that's increases the"}, {"start": "00:09:50", "end": "00:09:52", "text": "risk of the Japanese yen carry trade"}, {"start": "00:09:52", "end": "00:09:56", "text": "unwind once again. But $110 billion, a"}, {"start": "00:09:56", "end": "00:09:57", "text": "lot of money, it's a lot of stimulus."}, {"start": "00:09:57", "end": "00:09:58", "text": "That means fresh government spending,"}, {"start": "00:09:58", "end": "00:10:00", "text": "bond issuances, and increased liquidity"}, {"start": "00:10:00", "end": "00:10:02", "text": "in its markets. Bank Canada announced"}, {"start": "00:10:02", "end": "00:10:02", "text": "the restart of Treasury bill"}, {"start": "00:10:02", "end": "00:10:05", "text": "repurchases, aka quantity easing. Even"}, {"start": "00:10:05", "end": "00:10:07", "text": "smaller but symbolic moves matter. The"}, {"start": "00:10:07", "end": "00:10:08", "text": "Czech central bank has started buying"}, {"start": "00:10:08", "end": "00:10:10", "text": "Bitcoin. Oh, it's only like a million"}, {"start": "00:10:10", "end": "00:10:12", "text": "bucks, but they did it. They did it,"}, {"start": "00:10:12", "end": "00:10:15", "text": "guys. These combined actions are like a"}, {"start": "00:10:15", "end": "00:10:17", "text": "wave of fresh cash heading straight"}, {"start": "00:10:17", "end": "00:10:20", "text": "toward risk assets. And when you put it"}, {"start": "00:10:20", "end": "00:10:22", "text": "all together, major central bank halting"}, {"start": "00:10:22", "end": "00:10:25", "text": "QT, TGA funds, re-entering the economy,"}, {"start": "00:10:25", "end": "00:10:27", "text": "and all the other stuff. Japan, Canada,"}, {"start": "00:10:27", "end": "00:10:29", "text": "and there's more. There's more. This is"}, {"start": "00:10:29", "end": "00:10:30", "text": "just the tip of the iceberg, guys."}, {"start": "00:10:30", "end": "00:10:34", "text": "China's doing $1.4 trillion stimulus"}, {"start": "00:10:34", "end": "00:10:36", "text": "package as well. So, look, liquidity is"}, {"start": "00:10:36", "end": "00:10:38", "text": "entering the system again. The market"}, {"start": "00:10:38", "end": "00:10:40", "text": "engine is revving. Has it sputtered a"}, {"start": "00:10:40", "end": "00:10:42", "text": "little bit recently? Sure. But just get"}, {"start": "00:10:42", "end": "00:10:44", "text": "out there, pour some more diesel in the"}, {"start": "00:10:44", "end": "00:10:46", "text": "tank, and off you go. Chart patterns may"}, {"start": "00:10:46", "end": "00:10:48", "text": "show the structure. Macroeconomics are"}, {"start": "00:10:48", "end": "00:10:50", "text": "the fuel. Right now, that engine is"}, {"start": "00:10:50", "end": "00:10:52", "text": "roaring. By the way, we discuss all this"}, {"start": "00:10:52", "end": "00:10:54", "text": "macro stuff, um, Bitcoin stuff, equity"}, {"start": "00:10:54", "end": "00:10:56", "text": "stuff in our free newsletter every week."}, {"start": "00:10:56", "end": "00:10:58", "text": "Go check it out. There's a link right"}, {"start": "00:10:58", "end": "00:10:59", "text": "down below here. Okay, thanks for"}, {"start": "00:10:59", "end": "00:11:00", "text": "watching. and I'll see you in the next"}, {"start": "00:11:00", "end": "00:11:03", "text": "one."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "If you opened up your portfolio today"}, {"start": "00:00:01", "end": "00:00:04", "text": "and felt physical pain, look, you're not"}, {"start": "00:00:04", "end": "00:00:05", "text": "alone. Bitcoin altcoins are getting"}, {"start": "00:00:05", "end": "00:00:07", "text": "smashed harder than at any point since"}, {"start": "00:00:07", "end": "00:00:10", "text": "the FTX collapse. A lot of altcoins are"}, {"start": "00:00:10", "end": "00:00:12", "text": "actually under the FTX lows. The scary"}, {"start": "00:00:12", "end": "00:00:14", "text": "part, some of the sell-off might not"}, {"start": "00:00:14", "end": "00:00:16", "text": "even be about crypto, maybe more about"}, {"start": "00:00:16", "end": "00:00:18", "text": "the US stock market and fears arising"}, {"start": "00:00:18", "end": "00:00:20", "text": "over 50 different things in the AI"}, {"start": "00:00:20", "end": "00:00:22", "text": "market. So given the health of our"}, {"start": "00:00:22", "end": "00:00:24", "text": "crypto markets are somewhat tied to the"}, {"start": "00:00:24", "end": "00:00:25", "text": "health of the larger equity markets"}, {"start": "00:00:25", "end": "00:00:29", "text": "today, let's dive in to the big boy, the"}, {"start": "00:00:29", "end": "00:00:33", "text": "big daddy of them all, the S&P 500. Boo."}, {"start": "00:00:33", "end": "00:00:35", "text": "Boring L, I know. Stick with me. It's"}, {"start": "00:00:35", "end": "00:00:37", "text": "going to be important. Okay, we'll take"}, {"start": "00:00:37", "end": "00:00:39", "text": "a look at what's happening on the charts"}, {"start": "00:00:39", "end": "00:00:41", "text": "technically. Okay, from technical analys"}, {"start": "00:00:41", "end": "00:00:42", "text": "perspective. Then we're going to line up"}, {"start": "00:00:42", "end": "00:00:46", "text": "some bullish and bearish arguments from"}, {"start": "00:00:46", "end": "00:00:49", "text": "some of the biggest names, leading"}, {"start": "00:00:49", "end": "00:00:51", "text": "market experts out there. Okay, this is"}, {"start": "00:00:51", "end": "00:00:52", "text": "going to be really interesting one. So,"}, {"start": "00:00:52", "end": "00:00:53", "text": "make sure to strap in. We're going to"}, {"start": "00:00:53", "end": "00:00:55", "text": "have a good time. Finally, we're going"}, {"start": "00:00:55", "end": "00:00:55", "text": "be talking about what kind of"}, {"start": "00:00:55", "end": "00:00:57", "text": "conclusions we can actually try to draw"}, {"start": "00:00:57", "end": "00:00:59", "text": "from all of this noise to get a bit of"}, {"start": "00:00:59", "end": "00:01:01", "text": "signal. Let's get started with the"}, {"start": "00:01:01", "end": "00:01:04", "text": "technical analysis. So, zooming in just"}, {"start": "00:01:04", "end": "00:01:06", "text": "here a little bit on the daily, I think"}, {"start": "00:01:06", "end": "00:01:09", "text": "the major thing to watch right now is"}, {"start": "00:01:09", "end": "00:01:12", "text": "whether the S&P 500 can continue to hold"}, {"start": "00:01:12", "end": "00:01:15", "text": "above 6,550."}, {"start": "00:01:15", "end": "00:01:17", "text": "If the S&P can stay above this line, and"}, {"start": "00:01:17", "end": "00:01:19", "text": "by the time you see this video, you will"}, {"start": "00:01:19", "end": "00:01:20", "text": "know the answer to that or not, okay?"}, {"start": "00:01:20", "end": "00:01:22", "text": "We're recording this about 2 days in"}, {"start": "00:01:22", "end": "00:01:24", "text": "advance. If the S&P can stay above this"}, {"start": "00:01:24", "end": "00:01:26", "text": "line, then it will have an opportunity"}, {"start": "00:01:26", "end": "00:01:27", "text": "to consolidate and shoot for a higher"}, {"start": "00:01:27", "end": "00:01:30", "text": "high. However, if we lose that line,"}, {"start": "00:01:30", "end": "00:01:32", "text": "that means we're putting in a fairly"}, {"start": "00:01:32", "end": "00:01:35", "text": "major local low, which then starts to"}, {"start": "00:01:35", "end": "00:01:38", "text": "beg the question, the fear creeps in."}, {"start": "00:01:38", "end": "00:01:42", "text": "How low can we actually go? Now, we're"}, {"start": "00:01:42", "end": "00:01:44", "text": "on the weekly here, but the ultimate"}, {"start": "00:01:44", "end": "00:01:47", "text": "point I want to make is that the S&P"}, {"start": "00:01:47", "end": "00:01:50", "text": "500, and you could say the same for the"}, {"start": "00:01:50", "end": "00:01:52", "text": "NASDAQ 100 or the Dow Jones or the"}, {"start": "00:01:52", "end": "00:01:54", "text": "Russell, whatever, they generally like"}, {"start": "00:01:54", "end": "00:01:57", "text": "to take three steps forward, one step"}, {"start": "00:01:57", "end": "00:01:58", "text": "back."}, {"start": "00:01:58", "end": "00:02:01", "text": "Therefore, you generally want to be long"}, {"start": "00:02:01", "end": "00:02:03", "text": "on stocks all the time and just add more"}, {"start": "00:02:03", "end": "00:02:06", "text": "on dips except in the face of huge"}, {"start": "00:02:06", "end": "00:02:08", "text": "corrections or bare markets. What I'm"}, {"start": "00:02:08", "end": "00:02:12", "text": "showing here from 2022, it's an example."}, {"start": "00:02:12", "end": "00:02:15", "text": "One of the best ways to spot these"}, {"start": "00:02:15", "end": "00:02:18", "text": "larger corrections is noticing a pattern"}, {"start": "00:02:18", "end": "00:02:22", "text": "of lower lows and lower highs on the"}, {"start": "00:02:22", "end": "00:02:24", "text": "chart, aka a downtrend. Okay, that's why"}, {"start": "00:02:24", "end": "00:02:29", "text": "I'm emphasizing right now this 6,550"}, {"start": "00:02:29", "end": "00:02:32", "text": "price point because closes below that"}, {"start": "00:02:32", "end": "00:02:33", "text": "start to become very problematic for the"}, {"start": "00:02:33", "end": "00:02:37", "text": "charts. It begins to print larger lower"}, {"start": "00:02:37", "end": "00:02:40", "text": "lows which is a red flag that needs to"}, {"start": "00:02:40", "end": "00:02:42", "text": "be paid attention to. Now, zooming back"}, {"start": "00:02:42", "end": "00:02:44", "text": "out on the weekly since 2018, I do think"}, {"start": "00:02:44", "end": "00:02:46", "text": "we have a major support trend line that"}, {"start": "00:02:46", "end": "00:02:48", "text": "starts from the COVID lows and connects"}, {"start": "00:02:48", "end": "00:02:50", "text": "with the 2022 bottom and almost connects"}, {"start": "00:02:50", "end": "00:02:52", "text": "with the 2025 tariff bottom. So, that"}, {"start": "00:02:52", "end": "00:02:56", "text": "line is coming in as support at 5,050."}, {"start": "00:02:56", "end": "00:02:57", "text": "Now, if we get down there, hold on to"}, {"start": "00:02:57", "end": "00:02:59", "text": "your butts. It's not going to be pretty."}, {"start": "00:02:59", "end": "00:03:00", "text": "Concerning major resistance lines, it"}, {"start": "00:03:00", "end": "00:03:02", "text": "feels a bit arbitrary on this chart to"}, {"start": "00:03:02", "end": "00:03:04", "text": "try to find a good fit, but there might"}, {"start": "00:03:04", "end": "00:03:06", "text": "be one from the 2018 top to the 2021"}, {"start": "00:03:06", "end": "00:03:08", "text": "top. And you can see a trend line is"}, {"start": "00:03:08", "end": "00:03:11", "text": "splitting through our price action right"}, {"start": "00:03:11", "end": "00:03:12", "text": "now. So, be interesting to see if we get"}, {"start": "00:03:12", "end": "00:03:15", "text": "some closes above or below that line."}, {"start": "00:03:15", "end": "00:03:18", "text": "But overall, this chart definitely on"}, {"start": "00:03:18", "end": "00:03:20", "text": "the higher end of the range, isn't it?"}, {"start": "00:03:20", "end": "00:03:22", "text": "little bit to topy at least short-term"}, {"start": "00:03:22", "end": "00:03:23", "text": "local top not like macro top for the"}, {"start": "00:03:23", "end": "00:03:26", "text": "centuries right but uh if you add on the"}, {"start": "00:03:26", "end": "00:03:28", "text": "RSI you'll find some big bearish"}, {"start": "00:03:28", "end": "00:03:30", "text": "divergences on the weekly with a bearish"}, {"start": "00:03:30", "end": "00:03:32", "text": "crossover happening on the weekly MACD"}, {"start": "00:03:32", "end": "00:03:34", "text": "right now those things are not good and"}, {"start": "00:03:34", "end": "00:03:36", "text": "generally would say that the stock"}, {"start": "00:03:36", "end": "00:03:37", "text": "market's more likely to have a"}, {"start": "00:03:37", "end": "00:03:39", "text": "correction not to say a bare market's"}, {"start": "00:03:39", "end": "00:03:41", "text": "got to come but a cooling off period's"}, {"start": "00:03:41", "end": "00:03:42", "text": "always surprise Nvidia earnings are mega"}, {"start": "00:03:42", "end": "00:03:45", "text": "strong everyone just goes crazy again"}, {"start": "00:03:45", "end": "00:03:46", "text": "but just looking at the US stock market"}, {"start": "00:03:46", "end": "00:03:48", "text": "TA zoomed out it looks topish currently"}, {"start": "00:03:48", "end": "00:03:50", "text": "okay short-term local up, right? But for"}, {"start": "00:03:50", "end": "00:03:52", "text": "more immediate signals, watch for daily"}, {"start": "00:03:52", "end": "00:03:55", "text": "or weekly closes above or below 6,550."}, {"start": "00:03:55", "end": "00:03:56", "text": "That would be the determining line. Now,"}, {"start": "00:03:56", "end": "00:03:58", "text": "I want to do a roundup with you on what"}, {"start": "00:03:58", "end": "00:03:59", "text": "the stock market experts are currently"}, {"start": "00:03:59", "end": "00:04:01", "text": "saying about the valuations of equities."}, {"start": "00:04:01", "end": "00:04:04", "text": "Let's start with the dirty nasty bears."}, {"start": "00:04:04", "end": "00:04:06", "text": "But first, guys, do you want to come and"}, {"start": "00:04:06", "end": "00:04:08", "text": "meet me? Listen to awesome speakers like"}, {"start": "00:04:08", "end": "00:04:10", "text": "Michael Sailor. Well, go grab yourselves"}, {"start": "00:04:10", "end": "00:04:12", "text": "a ticket for the Abu Dhabi Bitcoin"}, {"start": "00:04:12", "end": "00:04:14", "text": "Conference. It's going to be a chance to"}, {"start": "00:04:14", "end": "00:04:16", "text": "talk to fellow Bitcoiners, commiserate"}, {"start": "00:04:16", "end": "00:04:18", "text": "over the lame markets and the bad"}, {"start": "00:04:18", "end": "00:04:20", "text": "prices. It's going to be a good vibe."}, {"start": "00:04:20", "end": "00:04:22", "text": "The speakers are amazing. It's"}, {"start": "00:04:22", "end": "00:04:24", "text": "fantastic. Come to Abu Dhabi. And guess"}, {"start": "00:04:24", "end": "00:04:25", "text": "what? If you use the link right down"}, {"start": "00:04:25", "end": "00:04:27", "text": "below here, you're going to get 10% off"}, {"start": "00:04:27", "end": "00:04:28", "text": "your ticket when using the link. If you"}, {"start": "00:04:28", "end": "00:04:29", "text": "haven't been to these kind of"}, {"start": "00:04:29", "end": "00:04:30", "text": "conferences before, they're amazing for"}, {"start": "00:04:30", "end": "00:04:32", "text": "networking, amazing for meeting fellow"}, {"start": "00:04:32", "end": "00:04:33", "text": "people and people in the community. So,"}, {"start": "00:04:33", "end": "00:04:35", "text": "go check it out. Link down below. So,"}, {"start": "00:04:35", "end": "00:04:38", "text": "the Bears first, Mr. Bear himself,"}, {"start": "00:04:38", "end": "00:04:39", "text": "Michael Bur, he's aggressively bearish"}, {"start": "00:04:39", "end": "00:04:41", "text": "on AI right now. Okay. He believes it's"}, {"start": "00:04:41", "end": "00:04:43", "text": "a classic expected to bubble, the"}, {"start": "00:04:43", "end": "00:04:45", "text": "biggest he's ever seen. This guy's a guy"}, {"start": "00:04:45", "end": "00:04:46", "text": "who called the subprime mortgage few"}, {"start": "00:04:46", "end": "00:04:47", "text": "years early though. Propped up of course"}, {"start": "00:04:47", "end": "00:04:49", "text": "by accounting fraud, hyperscalers, meta"}, {"start": "00:04:49", "end": "00:04:51", "text": "at Oracle, Microsoft, Google. Everyone's"}, {"start": "00:04:51", "end": "00:04:53", "text": "artificially extending GPU server useful"}, {"start": "00:04:53", "end": "00:04:55", "text": "life from 2 to 3 years to 5 to 6 years."}, {"start": "00:04:55", "end": "00:04:58", "text": "He's calling BS. Massively understating"}, {"start": "00:04:58", "end": "00:04:59", "text": "that depreciation is not a good thing."}, {"start": "00:04:59", "end": "00:05:01", "text": "Inflating reported earnings by billions."}, {"start": "00:05:01", "end": "00:05:02", "text": "It's all big fugazi with the AI thing"}, {"start": "00:05:02", "end": "00:05:04", "text": "right now. as well as rapid hardware"}, {"start": "00:05:04", "end": "00:05:06", "text": "obsolescence, insane capex with no real"}, {"start": "00:05:06", "end": "00:05:08", "text": "profitability yet and even circular"}, {"start": "00:05:08", "end": "00:05:10", "text": "deals with Nvidia, OpenAI, Microsoft"}, {"start": "00:05:10", "end": "00:05:12", "text": "kind of, you know, this snake eating its"}, {"start": "00:05:12", "end": "00:05:14", "text": "own tail sort of thing that makes the"}, {"start": "00:05:14", "end": "00:05:16", "text": "whole boom look artificially"}, {"start": "00:05:16", "end": "00:05:18", "text": "concentrated and fragile. His bet, okay,"}, {"start": "00:05:18", "end": "00:05:21", "text": "according to his most recent filings,"}, {"start": "00:05:21", "end": "00:05:25", "text": "huge short bets on Palunteer and huge"}, {"start": "00:05:25", "end": "00:05:27", "text": "short bets on Nvidia. Palanteer is his"}, {"start": "00:05:27", "end": "00:05:29", "text": "biggest short position, by the way. He's"}, {"start": "00:05:29", "end": "00:05:32", "text": "literally going all in personal fortune"}, {"start": "00:05:32", "end": "00:05:35", "text": "on AI cracking hard just like he did in"}, {"start": "00:05:35", "end": "00:05:38", "text": "2007208. Palunteer CEO Alex Karp called"}, {"start": "00:05:38", "end": "00:05:41", "text": "it batshit crazy. Alex Karp what a"}, {"start": "00:05:41", "end": "00:05:44", "text": "character missed uh Mr. Geographically"}, {"start": "00:05:44", "end": "00:05:45", "text": "monogamous. Anyway, that's a different"}, {"start": "00:05:45", "end": "00:05:48", "text": "story. If Nvidia and Palanteer drop 40"}, {"start": "00:05:48", "end": "00:05:51", "text": "to 50%, Bur is going to literally make"}, {"start": "00:05:51", "end": "00:05:53", "text": "multiple billions off of this. It could"}, {"start": "00:05:53", "end": "00:05:55", "text": "be his magnumopus. If these stocks keep"}, {"start": "00:05:55", "end": "00:05:58", "text": "ripping he gets obliterated again."}, {"start": "00:05:58", "end": "00:06:00", "text": "Remember Michael Bur told everybody to"}, {"start": "00:06:00", "end": "00:06:02", "text": "sell at the dead cold rock hard bottom"}, {"start": "00:06:02", "end": "00:06:05", "text": "of 2022's bare market. Next up, Mike"}, {"start": "00:06:05", "end": "00:06:06", "text": "Mcloone. Mcloone has been on the"}, {"start": "00:06:06", "end": "00:06:09", "text": "bullhorn about bear horn maybe we could"}, {"start": "00:06:09", "end": "00:06:11", "text": "say about the risks of mean reversion"}, {"start": "00:06:11", "end": "00:06:12", "text": "inflation for a while now. By mean"}, {"start": "00:06:12", "end": "00:06:14", "text": "reversion, Mike is saying that stocks"}, {"start": "00:06:14", "end": "00:06:15", "text": "and cryptos are overvalued from the"}, {"start": "00:06:15", "end": "00:06:16", "text": "historical averages and therefore we're"}, {"start": "00:06:16", "end": "00:06:17", "text": "due for a correction back to those"}, {"start": "00:06:17", "end": "00:06:20", "text": "averages. Now concerning deflation, Mike"}, {"start": "00:06:20", "end": "00:06:23", "text": "calls it postinflation deation and"}, {"start": "00:06:23", "end": "00:06:24", "text": "basically he's focused on the"}, {"start": "00:06:24", "end": "00:06:26", "text": "relationship between gold, crude oil and"}, {"start": "00:06:26", "end": "00:06:27", "text": "copper. and he concludes that the"}, {"start": "00:06:27", "end": "00:06:28", "text": "relationship between these three"}, {"start": "00:06:28", "end": "00:06:29", "text": "commodities right now is signaling more"}, {"start": "00:06:29", "end": "00:06:31", "text": "downside risks for stocks and crypto."}, {"start": "00:06:31", "end": "00:06:33", "text": "Now, our final bear, of course, is none"}, {"start": "00:06:33", "end": "00:06:35", "text": "other than gold bug Peter Schiff, who"}, {"start": "00:06:35", "end": "00:06:37", "text": "has been famously hating Bitcoin"}, {"start": "00:06:37", "end": "00:06:39", "text": "forever. Basically, Peter believes that"}, {"start": "00:06:39", "end": "00:06:42", "text": "the US stock markets are in a massive"}, {"start": "00:06:42", "end": "00:06:43", "text": "inflationfueled"}, {"start": "00:06:43", "end": "00:06:46", "text": "bubble that's been fueled further with"}, {"start": "00:06:46", "end": "00:06:48", "text": "all the AI hype. That's a quick summary"}, {"start": "00:06:48", "end": "00:06:49", "text": "of the bears. There's more. You can find"}, {"start": "00:06:49", "end": "00:06:50", "text": "lots of bearish takes if you want. Now,"}, {"start": "00:06:50", "end": "00:06:52", "text": "let's turn over to the bulls. First,"}, {"start": "00:06:52", "end": "00:06:55", "text": "Gigabel Tom Lee. Everyone's Korean"}, {"start": "00:06:55", "end": "00:06:57", "text": "quant. So, he's gotten a lot of his"}, {"start": "00:06:57", "end": "00:07:00", "text": "bullish calls pretty spot-on over the"}, {"start": "00:07:00", "end": "00:07:02", "text": "past few years. He's still singing the"}, {"start": "00:07:02", "end": "00:07:05", "text": "same tune. On November 11th, Tom Lee"}, {"start": "00:07:05", "end": "00:07:07", "text": "reiterated his call for a bullish run in"}, {"start": "00:07:07", "end": "00:07:09", "text": "stocks through the end of the year,"}, {"start": "00:07:09", "end": "00:07:11", "text": "citing all kinds of great tailwinds, a"}, {"start": "00:07:11", "end": "00:07:13", "text": "December rate cut, US government"}, {"start": "00:07:13", "end": "00:07:15", "text": "reopening, all the kind of stuff we talk"}, {"start": "00:07:15", "end": "00:07:16", "text": "about here on the channel all the time."}, {"start": "00:07:16", "end": "00:07:19", "text": "And just a few days ago, Tom said this"}, {"start": "00:07:19", "end": "00:07:21", "text": "on CNBC."}, {"start": "00:07:21", "end": "00:07:23", "text": "You know, to me, uh, between now and"}, {"start": "00:07:23", "end": "00:07:24", "text": "your end, you know, I'm pretty bullish"}, {"start": "00:07:24", "end": "00:07:26", "text": "on stocks. Um, you know, this sort of"}, {"start": "00:07:26", "end": "00:07:28", "text": "weakness in the first half of November"}, {"start": "00:07:28", "end": "00:07:30", "text": "was what we expected, but as markets"}, {"start": "00:07:30", "end": "00:07:31", "text": "rally, I think that's going to help"}, {"start": "00:07:31", "end": "00:07:33", "text": "propel Bitcoin to an all-time high."}, {"start": "00:07:33", "end": "00:07:36", "text": "Okay, next bull. Director of global"}, {"start": "00:07:36", "end": "00:07:38", "text": "macro fidelity, Jurian Timmer. Now,"}, {"start": "00:07:38", "end": "00:07:40", "text": "while he has become a bit more guarded"}, {"start": "00:07:40", "end": "00:07:41", "text": "in his bullishness lately, generally"}, {"start": "00:07:41", "end": "00:07:43", "text": "speaking, Timmer does a lot of pushing"}, {"start": "00:07:43", "end": "00:07:44", "text": "back on all the stocks and AR and a"}, {"start": "00:07:44", "end": "00:07:46", "text": "bubble kind of narrative stuff, arguing"}, {"start": "00:07:46", "end": "00:07:48", "text": "instead that while stocks are elevated,"}, {"start": "00:07:48", "end": "00:07:50", "text": "they're not at extreme bubble territory"}, {"start": "00:07:50", "end": "00:07:52", "text": "levels yet. They would need to go much"}, {"start": "00:07:52", "end": "00:07:54", "text": "higher. Our final bull here, James"}, {"start": "00:07:54", "end": "00:07:56", "text": "Thorne. He's the chief market strategist"}, {"start": "00:07:56", "end": "00:07:59", "text": "over at Wellington Atlas. So,"}, {"start": "00:07:59", "end": "00:08:01", "text": "essentially Thorp thinks that the"}, {"start": "00:08:01", "end": "00:08:04", "text": "current AI investments aren't even"}, {"start": "00:08:04", "end": "00:08:06", "text": "remotely close to bubble territory."}, {"start": "00:08:06", "end": "00:08:07", "text": "We've talked about this quite a few"}, {"start": "00:08:07", "end": "00:08:09", "text": "times, not this guy's particular take,"}, {"start": "00:08:09", "end": "00:08:11", "text": "but uh that we'd have to go a heck of a"}, {"start": "00:08:11", "end": "00:08:13", "text": "lot higher and that earnings in"}, {"start": "00:08:13", "end": "00:08:15", "text": "valuations would have to really diverge"}, {"start": "00:08:15", "end": "00:08:17", "text": "in a much bigger way to say this is a"}, {"start": "00:08:17", "end": "00:08:19", "text": "crazy bubble. Anyway, he goes on because"}, {"start": "00:08:19", "end": "00:08:20", "text": "the amount of money that's been poured"}, {"start": "00:08:20", "end": "00:08:22", "text": "into the AI currently pales comparison"}, {"start": "00:08:22", "end": "00:08:24", "text": "to the benefits that AI will deliver."}, {"start": "00:08:24", "end": "00:08:25", "text": "Interestingly, Thorne is also a big fan"}, {"start": "00:08:25", "end": "00:08:27", "text": "of Bitcoin right now. He's advocating"}, {"start": "00:08:27", "end": "00:08:29", "text": "for investors to buy this dip. So,"}, {"start": "00:08:29", "end": "00:08:31", "text": "that's where our big bulls and big bears"}, {"start": "00:08:31", "end": "00:08:33", "text": "are at right now. Everybody's got it"}, {"start": "00:08:33", "end": "00:08:35", "text": "out. Everyone's laid it on the table"}, {"start": "00:08:35", "end": "00:08:36", "text": "trying to see who's the biggest. So,"}, {"start": "00:08:36", "end": "00:08:38", "text": "after looking at all that, it appears"}, {"start": "00:08:38", "end": "00:08:40", "text": "that the central question for equity"}, {"start": "00:08:40", "end": "00:08:41", "text": "valuations right now, which of course"}, {"start": "00:08:41", "end": "00:08:43", "text": "this will have secondary effects on"}, {"start": "00:08:43", "end": "00:08:45", "text": "Bitcoin, is whether current AI"}, {"start": "00:08:45", "end": "00:08:46", "text": "valuations are truly overextended or"}, {"start": "00:08:46", "end": "00:08:49", "text": "not. People have big bets both ways. If"}, {"start": "00:08:49", "end": "00:08:50", "text": "we can get a handle on this question,"}, {"start": "00:08:50", "end": "00:08:53", "text": "then perhaps we'll get a better idea on"}, {"start": "00:08:53", "end": "00:08:55", "text": "where US equities are headed from here."}, {"start": "00:08:55", "end": "00:08:59", "text": "Technicals are showing that maybe we got"}, {"start": "00:08:59", "end": "00:09:01", "text": "a local top coming in shortterm for"}, {"start": "00:09:01", "end": "00:09:03", "text": "stocks. The bulls are saying don't worry"}, {"start": "00:09:03", "end": "00:09:05", "text": "about that We're going a lot"}, {"start": "00:09:05", "end": "00:09:06", "text": "higher. The bears are saying the sky is"}, {"start": "00:09:06", "end": "00:09:09", "text": "falling. Here's the thing in investing,"}, {"start": "00:09:09", "end": "00:09:11", "text": "especially when it comes to stocks."}, {"start": "00:09:11", "end": "00:09:13", "text": "10-year time frame frame horizon people"}, {"start": "00:09:13", "end": "00:09:15", "text": "basically always win. There are no"}, {"start": "00:09:15", "end": "00:09:17", "text": "guarantees obviously in markets, but if"}, {"start": "00:09:17", "end": "00:09:19", "text": "you have long-term perspective, you're"}, {"start": "00:09:19", "end": "00:09:20", "text": "going to do well. You buy dips, you keep"}, {"start": "00:09:20", "end": "00:09:22", "text": "stacking, you'll be fine. The bears are"}, {"start": "00:09:22", "end": "00:09:24", "text": "right once in a while and then they"}, {"start": "00:09:24", "end": "00:09:26", "text": "gloat about it for years on end, but the"}, {"start": "00:09:26", "end": "00:09:28", "text": "optimists are right much more often and"}, {"start": "00:09:28", "end": "00:09:31", "text": "make way more money."}, {"start": "00:09:31", "end": "00:09:34", "text": "Thanks for watching."}]

[{"start": "00:00:02", "end": "00:00:09", "text": "Whoa. Oh boy. You guys seen that price action today? Probably. So, looks like we are"}, {"start": "00:00:09", "end": "00:00:14", "text": "confirming a bare market. 50-day EMA. Last week really was the confirmation."}, {"start": "00:00:14", "end": "00:00:20", "text": "We got zero bounce this week. In fact, this week has been non-stop selling. The question becomes, what nature of bare"}, {"start": "00:00:20", "end": "00:00:26", "text": "market is it? Now, fouryear cycle theorists, it's over. Bottom comes in October to December next year. we"}, {"start": "00:00:26", "end": "00:00:35", "text": "probably go sub 50k in that situation where BDC or I'll find a new definition of hell. The flip side and the charts"}, {"start": "00:00:35", "end": "00:00:40", "text": "don't necessarily support that because for example we had the April tariff scare"}, {"start": "00:00:40", "end": "00:00:46", "text": "uh when it didn't go back. We didn't go under the um 50week EMA did we? No we"}, {"start": "00:00:46", "end": "00:00:53", "text": "did not. So the other side of that would be that we have rate cuts coming in mid"}, {"start": "00:00:53", "end": "00:00:59", "text": "December and uh we'll get more data and stuff all that kind of stuff from the jobs market. We got some of that stuff"}, {"start": "00:00:59", "end": "00:01:05", "text": "to cover today. But uh yeah, not a great situation currently, is it? No. No."}, {"start": "00:01:05", "end": "00:01:11", "text": "Unfortunately, 50-day EMA or 50WE EMA remains [ __ ] undefeated."}, {"start": "00:01:11", "end": "00:01:16", "text": "Oh boy. Good times. Anyway, we're going to get into all that stuff"}, {"start": "00:01:16", "end": "00:01:21", "text": "here. I wanted to [Music] Somebody made an interesting comment up"}, {"start": "00:01:21", "end": "00:01:27", "text": "here. I am now negative four years of this [ __ ] Nothing to show for it. I suck. You do not suck, Chuck. Chuck,"}, {"start": "00:01:27", "end": "00:01:32", "text": "you're awesome. Okay. The market has sucked. We've had a few opportunities in"}, {"start": "00:01:32", "end": "00:01:40", "text": "the market. There has been. Okay. The problem has been that"}, {"start": "00:01:40", "end": "00:01:46", "text": "there's been a very few opportunities and unless you were basically in cash most of the time and chasing the sort of"}, {"start": "00:01:46", "end": "00:01:53", "text": "the weekly runner, you have not had a good time. A lot of the"}, {"start": "00:01:53", "end": "00:01:59", "text": "major coins did nothing in spite of the fact the fundamentals have got significantly better. I know Salana had"}, {"start": "00:01:59", "end": "00:02:07", "text": "a great run and XRP had a decent run and all that kind of stuff, but uh this will be the shortest bare market yet until"}, {"start": "00:02:07", "end": "00:02:14", "text": "the new Fed. There's a lot of interesting stuff coming up. A lot of very interesting catalyst. We're going to get into all that stuff here in a minute, guys. But just I know [ __ ]"}, {"start": "00:02:14", "end": "00:02:20", "text": "crazy out there. Don't get me wrong, okay? I'm here, too. I'm watching it, too. It's been a wild day, okay? And"}, {"start": "00:02:20", "end": "00:02:26", "text": "unfortunately, the Americans are going to go to the markets in three and a half hours and probably dump another billion dollars in Bitcoin. So, hold on to your"}, {"start": "00:02:26", "end": "00:02:32", "text": "butts for this evening as well. Oh, yeah. Hey, let's get straight into it, guys. Answering your questions"}, {"start": "00:02:32", "end": "00:02:38", "text": "second half of the stream. It's going to be a good one today. So, great meme. Last dip before the rip. Buy another"}, {"start": "00:02:38", "end": "00:02:43", "text": "fearful 110K next. Gold markets don't impact the Bitcoin use case. The bottom,"}, {"start": "00:02:43", "end": "00:02:49", "text": "I'm sure. Babe, remember all that money we saved for the house? It's gone. It's gone. I"}, {"start": "00:02:49", "end": "00:02:54", "text": "bet you think about other women. Fing Bitcoin."}, {"start": "00:02:54", "end": "00:03:02", "text": "Oh boy. US, here's an interesting one for you."}, {"start": "00:03:02", "end": "00:03:10", "text": "America's doing okay. It's crazy day in the stock market yesterday, by the way. We're going to uh we're going to talk"}, {"start": "00:03:10", "end": "00:03:16", "text": "about that too in a second. Non-farm payrolls came at 119,000. Estimated was"}, {"start": "00:03:16", "end": "00:03:23", "text": "51. Came in two times better than expected, but unemployment rates still rose uh to 4.4%. Okay. Jobless claims"}, {"start": "00:03:23", "end": "00:03:32", "text": "though, interestingly, are down. Make these numbers make sense. Anyway, jobless claims are down. Fascinating."}, {"start": "00:03:32", "end": "00:03:37", "text": "Rate cut odds. You can see here odds have actually spiked overnight for uh"}, {"start": "00:03:37", "end": "00:03:43", "text": "58% for a 25 basis point rate cut and 41% now for a 50 basis point rate cut."}, {"start": "00:03:43", "end": "00:03:46", "text": "Okay."}, {"start": "00:03:48", "end": "00:03:55", "text": "has it says data suggests that we should get a rate cut at the next Fed meeting."}, {"start": "00:03:55", "end": "00:04:01", "text": "Be fascinating situation to see it between now and three weeks from now when the Fed meeting happens."}, {"start": "00:04:01", "end": "00:04:08", "text": "If we go through this brutal period, but then we get the rate cut. Markets like"}, {"start": "00:04:08", "end": "00:04:14", "text": "it. Opened my 50x long on Bitcoin this morning. You're welcome. Good luck, sir."}, {"start": "00:04:14", "end": "00:04:19", "text": "I'm praying for I'm praying for your long. Black Rockck CIO predicts the Federal"}, {"start": "00:04:19", "end": "00:04:25", "text": "Reserve will lower interest rates in December. Morgan Stanley no longer expects the Fed. Would you guys make"}, {"start": "00:04:25", "end": "00:04:30", "text": "your mind up already? Come on. Black Rockck says yes. Morgan Stanley says no."}, {"start": "00:04:30", "end": "00:04:33", "text": "Ayay"}, {"start": "00:04:38", "end": "00:04:47", "text": "one hour ago. Bull run not Overwatch 4. Yes, I did post that video. Look,"}, {"start": "00:04:47", "end": "00:04:52", "text": "YouTubers like Lark ruined people's financial life and don't even care. I care very much about every single one of"}, {"start": "00:04:52", "end": "00:04:59", "text": "you. Don't ever say that. Okay? Look, markets are hard. We show up to a very"}, {"start": "00:04:59", "end": "00:05:07", "text": "risky, volatile market. Sometimes we eat [ __ ] Okay? There were a lot of opportunities to take profits."}, {"start": "00:05:07", "end": "00:05:12", "text": "If you took zero profits throughout the entirety of the bull run, that's on you. Okay?"}, {"start": "00:05:12", "end": "00:05:20", "text": "Did I take as much off the table as I would have? No, because I if this is the start of a year-long bare market, okay,"}, {"start": "00:05:20", "end": "00:05:28", "text": "then I didn't do as well as I could have. Far from it. But that's the game we play. That's the game we play, guys."}, {"start": "00:05:28", "end": "00:05:33", "text": "If this is a shorter bull uh bare market, much like the one we saw around the tariff scare, because basically,"}, {"start": "00:05:33", "end": "00:05:40", "text": "here's the thing. When the price of Bitcoin goes 20% from it down from its all-time highs, it's technically a bare market. When you lose the 50we EMA,"}, {"start": "00:05:40", "end": "00:05:46", "text": "that's a bare market. But when you lose the 200 week uh 200 day EMA, that's a bare market. Okay. The question then"}, {"start": "00:05:46", "end": "00:05:52", "text": "becomes to what magnitude will it be? To what length will it be before we recover? Because there's always a recovery. The question is when it comes."}, {"start": "00:05:52", "end": "00:06:01", "text": "Okay? So I want you guys to win. Okay? Just keep that in mind."}, {"start": "00:06:01", "end": "00:06:09", "text": "Every time I feel like I took enough profits, I feel like I didn't take enough. Yep. It's interesting."}, {"start": "00:06:09", "end": "00:06:15", "text": "It's interesting because, you know, my sort of general plan is, okay, sitting around waiting. We got seasonality. We"}, {"start": "00:06:15", "end": "00:06:22", "text": "got all the stuff that should in theory see the markets do well. Bitcoin is going to go to 150K around the 2.618"}, {"start": "00:06:22", "end": "00:06:28", "text": "Fibonacci level. Exit the altcoin positions, go into cash. Didn't happen."}, {"start": "00:06:28", "end": "00:06:34", "text": "It's on me. Things change very quickly. I should have woken up quicker to the"}, {"start": "00:06:34", "end": "00:06:42", "text": "damage that was done by October 10th because I think we're still seeing the ghosts of that in the charts right now. There's no reason why"}, {"start": "00:06:42", "end": "00:06:48", "text": "Bitcoin's down the way that it is when um"}, {"start": "00:06:48", "end": "00:06:56", "text": "you know the stock markets have shaken a little bit but they're not not like the crypto markets man. Anyway, Michael Gad"}, {"start": "00:06:56", "end": "00:07:02", "text": "saying I'm sure there's no connection you guys don't get. This is uh Bitcoin dumping again as US as Japan is set to unveil a 21 trillion stimulus package."}, {"start": "00:07:02", "end": "00:07:10", "text": "Japanese bonds are currently blowing up. We got a video coming for that over the weekend. Keep an eye out for it. Okay."}, {"start": "00:07:10", "end": "00:07:17", "text": "Japan's government says it may intervene before a Japanese endall ratio reaches 160. That intervention moment probably"}, {"start": "00:07:17", "end": "00:07:21", "text": "was going to provide a lot of relief to the markets. Okay."}, {"start": "00:07:23", "end": "00:07:29", "text": "You never take as much as you should have. That's psychology of the market. That's true."}, {"start": "00:07:29", "end": "00:07:35", "text": "You should all hope the Treasury companies do not collapse if they do. Yep. That would be the thing, Dan or"}, {"start": "00:07:35", "end": "00:07:40", "text": "Dean. Sorry. That would be the thing, Dean. Uh if the treasury companies start going under, which some of them are going to, and I that was one of the"}, {"start": "00:07:40", "end": "00:07:48", "text": "things I said when the treasury companies are all pumping, I was surprised how short-lived the treasury company narrative was. But um when the"}, {"start": "00:07:48", "end": "00:07:54", "text": "treasury companies started going, I said, \"Well, when the when the bad times come, a lot of these guys are not going to survive.\" And we're already seeing"}, {"start": "00:07:54", "end": "00:08:00", "text": "some of these companies um being acquired. Um Similar Scientific was acquired by"}, {"start": "00:08:00", "end": "00:08:08", "text": "Strive. We've had some of the ETH companies selling ETH to buy back their own stocks. All kind of stuff."}, {"start": "00:08:14", "end": "00:08:20", "text": "Bitcoin bounce 83K. F every crypto YouTuber."}, {"start": "00:08:20", "end": "00:08:25", "text": "Much love, brother. Hope you hope. I understand today's hard. Okay, take coins off exchange. Actually, not bad"}, {"start": "00:08:25", "end": "00:08:31", "text": "advice. Things can break when markets get bad. S&P 500 futures"}, {"start": "00:08:31", "end": "00:08:37", "text": "basically flat for the day. You know, even the most bullish S&P 500 futures over last week. It's just again, it's a"}, {"start": "00:08:37", "end": "00:08:45", "text": "funny situation. The Asians and the Europeans wake up and like the world's a good place. The Americans wake up, sell everything now. It's been pretty crazy"}, {"start": "00:08:45", "end": "00:08:52", "text": "actually. Wild, wild chart here yesterday for the S&P 100. So, after initially riding back up to get over the"}, {"start": "00:08:52", "end": "00:08:58", "text": "20-day EMA, a brutal rejection that index finished down 3.5% on the day,"}, {"start": "00:08:58", "end": "00:09:05", "text": "oversold conditions are not far away. Okay. And what's interesting is it didn't really sell off in any particular"}, {"start": "00:09:05", "end": "00:09:10", "text": "narrative. Actually, chances for a rate cut"}, {"start": "00:09:10", "end": "00:09:17", "text": "increased yesterday. Perhaps this is all about the uh the carry trade unwinding in"}, {"start": "00:09:17", "end": "00:09:23", "text": "Japan and stuff like that. There's a rumor that str where is this at? There's rumor strategy is cooked. I've been"}, {"start": "00:09:23", "end": "00:09:28", "text": "hearing this rumor for years. So"}, {"start": "00:09:28", "end": "00:09:36", "text": "I think it's just a rumor for right now. But man, if Micro Strategy goes down, we are in bad bad trouble. Okay,"}, {"start": "00:09:36", "end": "00:09:41", "text": "Brad. Good morning. Good morning."}, {"start": "00:09:41", "end": "00:09:47", "text": "The fact that sold off no horrible narratives makes it horrible. Yep. That's right."}, {"start": "00:09:47", "end": "00:09:55", "text": "That's exactly right. Super trade posted this uh S&P 500 put"}, {"start": "00:09:55", "end": "00:10:02", "text": "volume jumped to the second highest reading ever. People shorting the market. Previous spikes were near bottoms for the S&P 500. That's very"}, {"start": "00:10:02", "end": "00:10:09", "text": "interesting actually. You can see previous spikes here and this spike is in line with previous lows. Fascinating"}, {"start": "00:10:09", "end": "00:10:14", "text": "because we're only like 5% off the highs. And in fact, if the S&P 500 were to go down to retest the 200 day EMA"}, {"start": "00:10:14", "end": "00:10:21", "text": "would only be a 9% move down. wouldn't even be a techn wouldn't be technically called a correction. You need to go 10% or lower for a correction, 20% or lower"}, {"start": "00:10:21", "end": "00:10:27", "text": "for a bare market for the indexes. Okay, that's interesting. It's interesting how"}, {"start": "00:10:27", "end": "00:10:34", "text": "fast the uh the people start piling into the shorts here. Citadel's Rubner sees SB500 rally"}, {"start": "00:10:34", "end": "00:10:41", "text": "to 7,000. There are still bulls, guys. The bulls are not extinct yet. They're out there."}, {"start": "00:10:41", "end": "00:10:48", "text": "Okay. Citadel's Scott Rumor said I'd be up"}, {"start": "00:10:48", "end": "00:10:54", "text": "5.4% 4% well maybe a little more at this point but um he cites uh strong retail demand light institutional positioning"}, {"start": "00:10:54", "end": "00:11:00", "text": "and video momentum and support of seasonality he expects continued retail buying easing system systemic outflows"}, {"start": "00:11:00", "end": "00:11:06", "text": "interesting stock talk over 1400 digital stocks are down more than 20% from their highs aka"}, {"start": "00:11:06", "end": "00:11:13", "text": "in a bare market some of these AI data centers and stuff like that got absolutely slaughtered few"}, {"start": "00:11:13", "end": "00:11:21", "text": "big candles can fix everything though but markets need a catalyst fast in order to avert a bigger correction ction. Agreed. Agreed. Selling off after"}, {"start": "00:11:21", "end": "00:11:27", "text": "good news. Nvidia earnings is the most bearish signal possible. That's right. When bad when good news is bad news,"}, {"start": "00:11:27", "end": "00:11:32", "text": "that's a problem. Okay. VIX has spiked up here. Uh we have not actually got"}, {"start": "00:11:32", "end": "00:11:37", "text": "over this. So potentially a double top in the VIX. That'd be interesting. VIX. So that is volatility index basically"}, {"start": "00:11:37", "end": "00:11:44", "text": "showing uh increased fear and stuff like that in the market. This has spiked up to this level here. What you don't want"}, {"start": "00:11:44", "end": "00:11:50", "text": "to see is for it to break out beyond 30. that's going to start to cause real problems in the stock market in the short term."}, {"start": "00:11:50", "end": "00:11:55", "text": "It feels like a bear. I mean, if you're buying in a bear after 35% correction to hold, it's always a good thing unless"}, {"start": "00:11:55", "end": "00:12:00", "text": "Bitcoin is dead. Bitcoin is not dead. Bitcoin is not going anywhere. I think the uh quantum fears so far are a little"}, {"start": "00:12:00", "end": "00:12:06", "text": "bit overblown. But, um I think there's a lot of things creeping"}, {"start": "00:12:06", "end": "00:12:12", "text": "in the back of people's minds, you know, oh well, was are the stocks going to take a big correction? Is Japan going to"}, {"start": "00:12:12", "end": "00:12:17", "text": "blow up? What's the Fed going to do? Is there going to be quantum stuff? All these sort of things are leading to"}, {"start": "00:12:17", "end": "00:12:24", "text": "massive outflows from Bitcoin right now and that's dragging the rest of the market down. We've seen actually Bitcoin selling off very strongly in early US"}, {"start": "00:12:24", "end": "00:12:31", "text": "sessions. Well, altcoins haven't moved that much by comparison during the same time. Normally, you'd need you'd see uh"}, {"start": "00:12:31", "end": "00:12:36", "text": "much bigger moves down. NASDAQ futures slightly in the red, but"}, {"start": "00:12:36", "end": "00:12:42", "text": "nothing dramatic so far. Wild day yesterday for the NASDAQ, down almost 5%. You guys have to understand these"}, {"start": "00:12:42", "end": "00:12:48", "text": "are huge moves for these indexes. Okay, getting closer and closer to oversold"}, {"start": "00:12:48", "end": "00:12:55", "text": "territory which will likely mark the bottom whenever it comes. Koney here saying Qi begins early 2026."}, {"start": "00:12:55", "end": "00:13:03", "text": "Drone palace term ends May 26. Trump's $2,000 stimulus check launch mid 26. We have a crazy six months ahead of us."}, {"start": "00:13:03", "end": "00:13:10", "text": "We still have believers out here, guys. Fear and greed at six. This is wild. We are so deeply oversold right now. It's"}, {"start": "00:13:10", "end": "00:13:16", "text": "actually pretty [ __ ] nuts. So oversold. It's wild. Uh I currently have no trades open. Stopped out a couple"}, {"start": "00:13:16", "end": "00:13:21", "text": "trades the other day. I'm just waiting for the dust to settle. See what happens. You guys want to join trading over. But Unix of course is the link"}, {"start": "00:13:21", "end": "00:13:28", "text": "down below. You can get signed up. Get some sweet deposit bonuses. Okay. You can long the dips, short the rips."}, {"start": "00:13:28", "end": "00:13:34", "text": "That's kind of the regime we're in right now. Available to anyone anywhere. Check it out. They have wild bonuses. Link"}, {"start": "00:13:34", "end": "00:13:40", "text": "down below. So, Retatiga, hearing Americans don't actually sleep. They just spend their"}, {"start": "00:13:40", "end": "00:13:45", "text": "nights looking for new coins to sell at the market open. I'm an American. I confirm that's true. Fantastic."}, {"start": "00:13:45", "end": "00:13:52", "text": "[Laughter] Oh boy. What do we got here? This is uh likes. At this point, it seems pretty"}, {"start": "00:13:52", "end": "00:13:58", "text": "obvious that some big US entity is just nuking their whole stack as soon as they get to the office each morning. New York Sessions nuke, Asia Pump, London Chop,"}, {"start": "00:13:58", "end": "00:14:05", "text": "rinse, repeat for attorney. J or James Tom Lee James Lee Tom Lee was on CNBC or"}, {"start": "00:14:05", "end": "00:14:10", "text": "something and he basically said a major market maker took a big hit on"}, {"start": "00:14:10", "end": "00:14:16", "text": "1010 and he said I know who it is but I'm not going to tell you who it is but"}, {"start": "00:14:16", "end": "00:14:23", "text": "basically they've been nuking everything to try to mitigate their losses. So we"}, {"start": "00:14:23", "end": "00:14:30", "text": "have that. Okay, look at this."}, {"start": "00:14:30", "end": "00:14:36", "text": "We have, guys, we have a new It's very exciting. We have a new record. $93"}, {"start": "00:14:36", "end": "00:14:41", "text": "million of outflows yesterday in the Bitcoin ETF. This is the second biggest day on record. Now, I know what you're"}, {"start": "00:14:41", "end": "00:14:49", "text": "thinking. Didn't we have the second biggest day on record last week? That's now the third biggest day on record last week. Now, the second biggest day on record of Bitcoin ETF outflows almost a"}, {"start": "00:14:49", "end": "00:14:55", "text": "billion dollars. So when the Americans get to the markets in three hours and 15 minutes, the problem becomes, are we"}, {"start": "00:14:55", "end": "00:15:02", "text": "going to see another billion dollar outflow day or are they going to buy the dip? Okay, if they are going to dump"}, {"start": "00:15:02", "end": "00:15:07", "text": "another billion dollars into the market, that becomes a massive problem because"}, {"start": "00:15:07", "end": "00:15:13", "text": "there's basically no bid right now. Everybody's scared to bid for a good reason because this [ __ ] keeps"}, {"start": "00:15:13", "end": "00:15:19", "text": "happening. Titan of crypto bit Bitcoin citulation short-term holders are underwater does"}, {"start": "00:15:19", "end": "00:15:24", "text": "guarantee a new all-time high before the end of the cycle no one knows but looking at the last cycle the exact same sequence happened first time holders"}, {"start": "00:15:24", "end": "00:15:30", "text": "went underwater early in the year second time near the end of the four-year cycle and that second time led to a relief"}, {"start": "00:15:30", "end": "00:15:35", "text": "rally not to a new all-time high"}, {"start": "00:15:36", "end": "00:15:44", "text": "is um all the crap you speak Terry Terry what's up man nice to see I know I know"}, {"start": "00:15:44", "end": "00:15:49", "text": "people are hurting today man I get it. I get it. My thought would be two"}, {"start": "00:15:49", "end": "00:15:54", "text": "interesting scenarios. Okay, two interesting scenarios. One, well, I"}, {"start": "00:15:54", "end": "00:16:01", "text": "guess there's three. We just keep nuking forever and Bitcoin's going down to like $3,000 or whatever before any actual"}, {"start": "00:16:01", "end": "00:16:06", "text": "biders step in. So, that's one. Um, things can always get worse. It can"}, {"start": "00:16:06", "end": "00:16:14", "text": "always get worse. The other is that we're going to get a re relief rally coming in relatively soon. Not to say"}, {"start": "00:16:14", "end": "00:16:19", "text": "today it starts or whatever, but next few days, look for a relief rally to start. That relief rally probably gets"}, {"start": "00:16:19", "end": "00:16:25", "text": "us back up to the 50we EMA around 100K."}, {"start": "00:16:25", "end": "00:16:30", "text": "And that's probably going to be the best chance to exit your positions before the bare market really kicks off and goes"}, {"start": "00:16:30", "end": "00:16:37", "text": "crazy. So that's one theory. Okay. The other is"}, {"start": "00:16:37", "end": "00:16:44", "text": "that well if we break out beyond the 50we EMA"}, {"start": "00:16:44", "end": "00:16:50", "text": "then we're back on bare bull market back on we go to uh we break out of the"}, {"start": "00:16:50", "end": "00:16:56", "text": "50-day EMA we go to 150k. Okay, but that's the things to watch right now."}, {"start": "00:16:56", "end": "00:17:02", "text": "Yes, we can keep going lower. Chances are we can uh"}, {"start": "00:17:02", "end": "00:17:07", "text": "uh see the relief rally back up to 100K. We've been in a bare market since a year. What are you saying? Well, if"}, {"start": "00:17:07", "end": "00:17:14", "text": "we've been in a bare market for a year, then we should be getting out of it pretty gosh darn soon. Interesting logic. For a lot of altcoins, it we have"}, {"start": "00:17:14", "end": "00:17:21", "text": "essentially been in a in a bare market for a while now. For Bitcoin specifically, no. Bitcoin made new"}, {"start": "00:17:21", "end": "00:17:26", "text": "highs. Zcash made new all-time highs. Uh Salana did not make new alltime highs."}, {"start": "00:17:26", "end": "00:17:32", "text": "uh ETH made a new all-time high. So those coins were not in um a bare"}, {"start": "00:17:32", "end": "00:17:38", "text": "market, right? But for a lot of altcoins, they just kept bleeding down. Okay. So yeah, for a lot of altcoins"}, {"start": "00:17:38", "end": "00:17:44", "text": "since sort of December, January of well 12 months ago,"}, {"start": "00:17:44", "end": "00:17:50", "text": "they've been [ __ ] No easy way to put that. Some had nice pumps, but for most"}, {"start": "00:17:50", "end": "00:17:58", "text": "part it's not uh Oh, yeah. Sorry. You're you're correct. You're correct, Ezra. I I misspoke it. Uh you're right. Zcash"}, {"start": "00:17:58", "end": "00:18:03", "text": "did not do an all-time high. You're absolutely correct. They did not. The all-time high for Zcash like $16,000 or"}, {"start": "00:18:03", "end": "00:18:09", "text": "some crazy [ __ ] like that. Uh let's say Zcash had a crazy pump. Let's put it that way. Still, it was a, you know, uh"}, {"start": "00:18:09", "end": "00:18:16", "text": "liquid 10x from the time that Nval tweeted about it. Anyway, continuing"}, {"start": "00:18:16", "end": "00:18:23", "text": "Bitcoin weekly RSI the most oversold level since the bottom of the bare market. man. Uh the interesting part is"}, {"start": "00:18:23", "end": "00:18:29", "text": "that's kind of you can see back here the RSI got deeply"}, {"start": "00:18:29", "end": "00:18:35", "text": "deeply oversold at the start. Okay. And then we were actually recovering on"}, {"start": "00:18:35", "end": "00:18:42", "text": "the weekly RSI. Now we're back down to that level. We're not back down to the bare market RSI peak lows, are we? No."}, {"start": "00:18:42", "end": "00:18:49", "text": "No, we're not. Man, we feel like we're speedrunning it, aren't we? Holy cow. Jim Biano, the average spot ETCTF"}, {"start": "00:18:49", "end": "00:18:57", "text": "holder is now in the red. So the average price is around $90,000 right now. Um so"}, {"start": "00:18:57", "end": "00:19:04", "text": "those people are now in the red. So fascinating"}, {"start": "00:19:04", "end": "00:19:10", "text": "is that how many Bitcoin ETF sellers are going to start capitulating because the more"}, {"start": "00:19:10", "end": "00:19:14", "text": "that happens, the more it's going to push the price down."}, {"start": "00:19:15", "end": "00:19:21", "text": "Benjamin Cohen said ETH only to 3.3K before recovery for new highs. Look, the"}, {"start": "00:19:21", "end": "00:19:27", "text": "market surprised a lot of people. I feel like this market cycle has been a market"}, {"start": "00:19:27", "end": "00:19:32", "text": "cycle of a lot of surprises. We've had a lot of things basically happen that just have not normally happened before. And"}, {"start": "00:19:32", "end": "00:19:38", "text": "not many people called the sort of 126k top. A few people did. Um but it just"}, {"start": "00:19:38", "end": "00:19:44", "text": "didn't seem very intuitive. Like we topped with basically zero euphoria. Everybody's like, \"Oh, price is up to"}, {"start": "00:19:44", "end": "00:19:50", "text": "126.\" whatever. There was no craziness going on. There were no grand"}, {"start": "00:19:50", "end": "00:19:55", "text": "celebrations and the majority of the rest of the market didn't really do that much."}, {"start": "00:19:55", "end": "00:20:03", "text": "So, yeah. Anyway, continuing. Bitwise is Andre Drago"}, {"start": "00:20:03", "end": "00:20:09", "text": "says, \"Bitcoin's max pain lines up with Black Rockck's $84,000 cost basis of"}, {"start": "00:20:09", "end": "00:20:16", "text": "Micro Strategies at around $73,000.\" Interesting."}, {"start": "00:20:16", "end": "00:20:21", "text": "Interesting. Edward Moore markets look very terrible. Here's hoping for you. Fractal I'm"}, {"start": "00:20:21", "end": "00:20:27", "text": "watching closely. Is this eerily similar model we had last cycle structure-wise, time-wise, very similar dynamic. You"}, {"start": "00:20:27", "end": "00:20:33", "text": "know, the crazy thing will be the four-year cycle just plays out again. Man, doesn't even matter what's going on"}, {"start": "00:20:33", "end": "00:20:40", "text": "anymore. Just we just have nothing better to do than say screw it. Let's give up. It's over."}, {"start": "00:20:40", "end": "00:20:47", "text": "Oh boy. Anyway, because this is the thing. US economy is"}, {"start": "00:20:47", "end": "00:20:53", "text": "pumping. All right. No recession currently in sight. Yes, unemployment rates up a little bit, but we also"}, {"start": "00:20:53", "end": "00:20:59", "text": "doubled the estimates of the job numbers last month. Sure, stocks got a bit frothy. They"}, {"start": "00:20:59", "end": "00:21:03", "text": "could correct a little bit."}, {"start": "00:21:04", "end": "00:21:11", "text": "A lot of good reasons why crypto should and could pump in 2026 and we hit new all-time highs."}, {"start": "00:21:11", "end": "00:21:17", "text": "But I think a lot of people as well, there's also the simply the self-fulfilling prophecy of the four-year cycle. People right now are"}, {"start": "00:21:17", "end": "00:21:23", "text": "selling because they believe the four-year cycle is finished. It's all over. And the charts are probably going to reflect that to some extent unless"}, {"start": "00:21:23", "end": "00:21:30", "text": "Wall Street steps in and actually starts buying. Currently, Wall Street stepping in to full stack Hitler the market and to sell as much as possible. It's a"}, {"start": "00:21:30", "end": "00:21:36", "text": "problem. Okay. Now, not everything. We actually had a $20 million inflow day or something for Salani yesterday. Not that"}, {"start": "00:21:36", "end": "00:21:43", "text": "it matters with uh the rest of the market selling off, but hey, we at least got inflows there. But we had outflows,"}, {"start": "00:21:43", "end": "00:21:49", "text": "massive outflows on Bitcoin, big outflows on ETH, and that's creating huge selling pressure. Okay."}, {"start": "00:21:50", "end": "00:21:56", "text": "Okay. But anyway, if you believe the market cycle is over, if you're still in bags, okay, I'm still in most of my"}, {"start": "00:21:56", "end": "00:22:02", "text": "positions. If you're still in bags, then look for"}, {"start": "00:22:02", "end": "00:22:07", "text": "a relief rally to the 100 day EMA, about $100,000. and consider,"}, {"start": "00:22:07", "end": "00:22:14", "text": "you know, de-risking a little bit there. The housing market is [ __ ] The housing market is [ __ ] This is true. And the housing market will not get better until"}, {"start": "00:22:14", "end": "00:22:20", "text": "freaking Jerome Pal lowers the interest rates significantly. Okay, Trump understands this, but he can't control Jerome Pal. He can't force Jerome Pal to"}, {"start": "00:22:20", "end": "00:22:27", "text": "lower the interest rates. That's the problem. Fed's independent. So,"}, {"start": "00:22:28", "end": "00:22:33", "text": "when Trump gets his guy in there, they're going to lower rates super fast and super hard."}, {"start": "00:22:33", "end": "00:22:38", "text": "So maybe that leads to again if think about this if everything so far in the"}, {"start": "00:22:38", "end": "00:22:45", "text": "cycle has generally surprised everybody no seasonality this year normally October, November, December are the best"}, {"start": "00:22:45", "end": "00:22:51", "text": "months in the market especially after Bitcoin having this year they're not. So the Bitcoin four-year cycle theorists"}, {"start": "00:22:51", "end": "00:22:57", "text": "are really cherrypicking a few small data points because this year is always a green year."}, {"start": "00:22:57", "end": "00:23:03", "text": "It's not this year. Well, if 126 was the truly the market peak for Bitcoin, then"}, {"start": "00:23:03", "end": "00:23:09", "text": "man, next next cycle is going to be disappointing. We didn't even get to the 2.618 Fibonacci line this cycle. What's"}, {"start": "00:23:09", "end": "00:23:14", "text": "the best we're going to hope for next time? The 1.6 when we're get to 150K in 2029."}, {"start": "00:23:14", "end": "00:23:20", "text": "It is time to go all in on AI stocks, baby. Maybe not this exact moment, but you know, during the bare market."}, {"start": "00:23:20", "end": "00:23:25", "text": "Anyway, I understand why people have left crypto, why people are giving up on this this [ __ ] sometimes. I really"}, {"start": "00:23:25", "end": "00:23:31", "text": "do. AI stocks, robotic stocks, all that shit's super cool and interesting and exciting"}, {"start": "00:23:31", "end": "00:23:39", "text": "versus, you know, VC scam blockchain of the week that nobody needs, nobody uses, and the only real benefit was to the"}, {"start": "00:23:39", "end": "00:23:44", "text": "team to raise hundreds of millions of dollars. Anyway, that's there's your bull"}, {"start": "00:23:44", "end": "00:23:50", "text": "scenario right now. We had a flash crash down to around 81,500. It's very"}, {"start": "00:23:50", "end": "00:23:56", "text": "interesting. I looked away from the charts, looked back, oh, that happened fast."}, {"start": "00:23:56", "end": "00:24:01", "text": "Now we're around 83,000 currently. The daily RSI is deep, deeply oversold. It's"}, {"start": "00:24:01", "end": "00:24:07", "text": "wild. It's over 35% down from the all-time highs, which I would just like to point out is pretty [ __ ] normal"}, {"start": "00:24:07", "end": "00:24:13", "text": "during a bull market. We've had look at 2017, we had six or seven within a year"}, {"start": "00:24:13", "end": "00:24:21", "text": "of these kind of pullbacks. The problem uh the problem is that"}, {"start": "00:24:21", "end": "00:24:28", "text": "in those situations we look back to 2021 similar situation even the even the midyear crash in 2021 didn't close"}, {"start": "00:24:28", "end": "00:24:33", "text": "didn't close a big fat weekly candle under the 50we EMA like this has"}, {"start": "00:24:35", "end": "00:24:41", "text": "65k top last cycle 126k this cycle we didn't even 2x can't possibly be over it"}, {"start": "00:24:41", "end": "00:24:46", "text": "can always possibly be over but man if it is over the If it is over"}, {"start": "00:24:46", "end": "00:24:51", "text": "then very few people made money this cycle like I don't know uh a much smaller percentage than previous cycles."}, {"start": "00:24:51", "end": "00:24:58", "text": "2021 a lot of people made money. 2017 a lot of people made money. This cycle some people made some money. Most of the"}, {"start": "00:24:58", "end": "00:25:03", "text": "people who made most of money this cycle though were scammers insiders"}, {"start": "00:25:03", "end": "00:25:09", "text": "you know teams dumping their shitty tokens on people. It it's been pretty pretty tricky. And I agree man. F126 was"}, {"start": "00:25:09", "end": "00:25:15", "text": "the best we could do this cycle. [ __ ] we come to we we come to crypto for outperformance."}, {"start": "00:25:15", "end": "00:25:20", "text": "That's the thing. And this year, we've been solidly outperformed by AI stocks. We all should have just bought [ __ ]"}, {"start": "00:25:20", "end": "00:25:26", "text": "Nvidia instead of Bitcoin, right? I know Bitcoin from the 15K lows"}, {"start": "00:25:26", "end": "00:25:33", "text": "done pretty well. You would have made more money to bought Nvidia. You would have. You would have. We come to crypto"}, {"start": "00:25:33", "end": "00:25:40", "text": "for asymmetric returns. And if we're not getting asymmetric returns out of crypto, it's a problem, isn't it?"}, {"start": "00:25:40", "end": "00:25:47", "text": "It's a problem. Now, can we still have asymmetric returns? Yes. And asymmetric returns come with insane volatility like"}, {"start": "00:25:47", "end": "00:25:54", "text": "this [ __ ] here. Okay? These kind of draw downs are normal in a"}, {"start": "00:25:54", "end": "00:26:01", "text": "bull market cycle. But usually these kind of drawdowns"}, {"start": "00:26:01", "end": "00:26:08", "text": "do not coincide with such major loss of market structure. Lost the uptrend. We"}, {"start": "00:26:08", "end": "00:26:14", "text": "lost the 200 day EMA. Lost the 50we EMA. That ain't good."}, {"start": "00:26:14", "end": "00:26:20", "text": "Bitcoin did a 6 cents since FTX. Yeah, there's been opportunities, man. 100%. Bitcoin did a 6x. Um Oh, what the hell's"}, {"start": "00:26:20", "end": "00:26:26", "text": "Nvidia done in that time? That'd be an interesting question to look at that weekly that weekly candle on Bitcoin,"}, {"start": "00:26:26", "end": "00:26:31", "text": "man. Let's go. Nvidia, this is the thing is we can always"}, {"start": "00:26:31", "end": "00:26:39", "text": "reverse really quickly for all intents and purpose. Like I said, when you're 20% under the uh"}, {"start": "00:26:40", "end": "00:26:46", "text": "I know, I know, I know, I understand. We recorded that video like two days ago. Probably should have changed the title."}, {"start": "00:26:46", "end": "00:26:54", "text": "Uh but thesis here, like I said, is that uh"}, {"start": "00:26:54", "end": "00:27:01", "text": "are we in the end of cycle? We're not going to have a bottom for a year. Definitely a lot of people are afraid of that, right? Or is this more of a garden"}, {"start": "00:27:01", "end": "00:27:06", "text": "variety market correction where we're going to have um look October 22? Let me"}, {"start": "00:27:06", "end": "00:27:15", "text": "see. I'm just curious to see what kind of gains Nvidia put in since the market lows here. Oh, look at that. 16x."}, {"start": "00:27:15", "end": "00:27:21", "text": "We all should have bought Nvidia would have almost 3x outperformed Bitcoin. That's crazy stuff, man. Now look,"}, {"start": "00:27:21", "end": "00:27:28", "text": "Nvidia's chart, by the way, looks super effing toppy and looks like it's probably due for a decent correction here in the last future in spite of the"}, {"start": "00:27:28", "end": "00:27:33", "text": "fact that has be been beating earnings and has generally been keeping up pretty good. Plus, you know, it's a $5 trillion company, guys. How high can that thing"}, {"start": "00:27:33", "end": "00:27:40", "text": "really go? We're going to get we're going to get a 2x on it, man. Let's go to 10 trillion."}, {"start": "00:27:40", "end": "00:27:45", "text": "Anyway, let's continue here. Bitcoin dominance is falling, which is"}, {"start": "00:27:45", "end": "00:27:51", "text": "interesting because you are seeing Bitcoin hitting very strong sell-offs and altcoins not selling off as hard in"}, {"start": "00:27:51", "end": "00:27:57", "text": "relation to that because Wall Street doesn't have all these altcoin ETFs. The Salana ETFs only just come and they're"}, {"start": "00:27:57", "end": "00:28:03", "text": "buying which is interesting. US dollar dominance is absolutely"}, {"start": "00:28:03", "end": "00:28:09", "text": "surging. We've broken out of a major downtrend. That is not great news. The good news though is that it is reaching"}, {"start": "00:28:09", "end": "00:28:17", "text": "a potentially overbought moment which would then fuel the thesis of a relief"}, {"start": "00:28:17", "end": "00:28:24", "text": "rally coming in. Okay. So again, if you're desperate to get out of bags, if you're feeling a lot of pain, watch for a relief rally. Okay,"}, {"start": "00:28:24", "end": "00:28:30", "text": "that may be a good chance for you to exit at least at less loss, let's say. Don't know when when you guys bought."}, {"start": "00:28:30", "end": "00:28:36", "text": "It's always a tricky one. I know some of these altcoin bags are just absolutely wrecked and are never going to come back,"}, {"start": "00:28:36", "end": "00:28:42", "text": "but some of your bigger positions maybe you want to get out with less loss and what a good relief rally will provide that opportunity. Not financial advice"}, {"start": "00:28:42", "end": "00:28:48", "text": "obviously just my [ __ ] opinions. You guys should do what you want to do with your own money. But um with the daily"}, {"start": "00:28:48", "end": "00:28:54", "text": "RSI and Bitcoin, Ethereum Salana looking the way they do and the US dollar"}, {"start": "00:28:54", "end": "00:29:00", "text": "dominance charts looking like they're heading into a bit of a topsy period here potentially. You can see last time"}, {"start": "00:29:00", "end": "00:29:05", "text": "we got overbought here and we can get a little more overbought on the daily RSI here before we uh cap out. But you can"}, {"start": "00:29:05", "end": "00:29:10", "text": "see last time we got up here to around 87. Currently it's around 73 and then we"}, {"start": "00:29:10", "end": "00:29:18", "text": "topped out short term before uh seeing a major move down. This by the way was in June of 2022 which basically started the"}, {"start": "00:29:18", "end": "00:29:24", "text": "um the whole bull run. Okay. And you can see periods of weakness. September 24"}, {"start": "00:29:24", "end": "00:29:30", "text": "that was um around the bottom of um the lo the local bottom for 2024. You can"}, {"start": "00:29:30", "end": "00:29:37", "text": "see here April 25 tariff scares. So people rush into cash course when they're scared. That's exactly what's happening right now. Showing that people"}, {"start": "00:29:37", "end": "00:29:43", "text": "are not taking risks. When that starts moving back down, people start taking risks again. East down to 2,700 bucks."}, {"start": "00:29:43", "end": "00:29:48", "text": "This area right here may may provide some price support. You can see and look"}, {"start": "00:29:48", "end": "00:29:55", "text": "it's a very interesting area this sort of $2,700 area because you can see right back through here support uh resistance"}, {"start": "00:29:55", "end": "00:30:01", "text": "here res uh support here major resistance zone here support zone here resistance zone here very very important"}, {"start": "00:30:01", "end": "00:30:08", "text": "historical level here for Ethereum right now the charts too as you can see huge RSI downtrend huge MACD downtrend still"}, {"start": "00:30:08", "end": "00:30:14", "text": "downtrending oversold on the daily at 26 when those flip around it could be a"}, {"start": "00:30:14", "end": "00:30:20", "text": "pretty powerful move again at the very least for a relief rally Okay, nothing just goes straight down"}, {"start": "00:30:20", "end": "00:30:26", "text": "the line forever. There will be big relief rallies coming on the way. Okay, Salana was holding up decently for a"}, {"start": "00:30:26", "end": "00:30:32", "text": "while. Finally took the hit down 125 bucks, which was this area price support back here. Actually went a little bit"}, {"start": "00:30:32", "end": "00:30:39", "text": "under down to 121. So strong support at $95, guys. [ __ ]"}, {"start": "00:30:39", "end": "00:30:45", "text": "Ah, pump. You're breaking my heart. Can somebody pump the pump charts already, man?"}, {"start": "00:30:46", "end": "00:30:52", "text": "Oh boy. Oh boy. Anyway, uh we are doing a Black Friday sale, guys. May not sound"}, {"start": "00:30:52", "end": "00:30:57", "text": "like a time for it, but it is a great deal if you want to get it. Okay, it's the premium newsletter. We got charts."}, {"start": "00:30:57", "end": "00:31:04", "text": "We got stock reports, altcoin reports. You get all the courses for free. It's a 40% discount. You get the Discord"}, {"start": "00:31:04", "end": "00:31:09", "text": "included in there as well. You get our token sniffer bot for free. All that kind of stuff. So, go check it out. Link"}, {"start": "00:31:09", "end": "00:31:17", "text": "down below. Okay. So, I know it answer all your questions. as we go through this. Let's keep answering some more."}, {"start": "00:31:18", "end": "00:31:26", "text": "Kat needs for sale. Buy one get one free. Daniel, you're going to need them later, man. You're going to need them."}, {"start": "00:31:27", "end": "00:31:33", "text": "L say the market, especially BTC, is behave more like when gold had an ETF, a decade long bull run. And where do all"}, {"start": "00:31:33", "end": "00:31:38", "text": "coins come into play and can they still boom like before? Yes, altcoins can still boom like before, but I I think the market has really showed us its hand"}, {"start": "00:31:38", "end": "00:31:44", "text": "that it doesn't want to. A lot of the [ __ ] doesn't deserve to come back. a lot of this [ __ ] doesn't deserve to boom and"}, {"start": "00:31:44", "end": "00:31:50", "text": "it won't. Okay, so there's one thing um in terms of the"}, {"start": "00:31:50", "end": "00:31:56", "text": "gold ETF parallel. I think it's very interesting. This is the thing short-term"}, {"start": "00:31:56", "end": "00:32:02", "text": "obviously the bull run is over, right? We are in a"}, {"start": "00:32:02", "end": "00:32:07", "text": "bare market. We've been in the bare market since it crossed under the 200 day EMA. We definitely been in a bare market since cross the 50we EMA. I'd"}, {"start": "00:32:07", "end": "00:32:13", "text": "really uh my only thing stopping me from saying ah"}, {"start": "00:32:13", "end": "00:32:18", "text": "kind of [ __ ] is um said well you know with the government reopening maybe we're going to get a bit of a tailwind"}, {"start": "00:32:18", "end": "00:32:24", "text": "maybe things are going to come back a bit more positive and stocks have been again only 5% off alltime highs is ridiculous how bad uh crypto has"}, {"start": "00:32:24", "end": "00:32:30", "text": "corrected in the face of relatively milktoast moves in the uh stock market"}, {"start": "00:32:30", "end": "00:32:36", "text": "but that is the case because we have market makers unwinding we have ETFs unwinding we have OGs selling and"}, {"start": "00:32:36", "end": "00:32:41", "text": "everybody's [ __ ] panicking because of the four-ear cycle theory. So the let's"}, {"start": "00:32:41", "end": "00:32:47", "text": "say early two bare markets in a year, the early uh 2025 bare market from the"}, {"start": "00:32:47", "end": "00:32:53", "text": "tariff drama that didn't last that long. Okay,"}, {"start": "00:32:53", "end": "00:33:00", "text": "it's interesting to think about why we're even selling off right now. Like really like what are the good reasonings why we're selling off right now? We just"}, {"start": "00:33:00", "end": "00:33:05", "text": "ran out of ran out of narratives. Everybody decided [ __ ] it. Four year cycle, better sell and get out of here."}, {"start": "00:33:05", "end": "00:33:10", "text": "The charts are wildly oversold right now. So, it really favors in the near"}, {"start": "00:33:10", "end": "00:33:16", "text": "future a relief rally at the very least. Okay,"}, {"start": "00:33:16", "end": "00:33:22", "text": "relief rallies are tricky because if you get up to that 100 day, $100,000 price point, 50-day EMA, you're going to feel"}, {"start": "00:33:22", "end": "00:33:29", "text": "so back when in fact it's just kind of the complacency shoulder before things get even worse. Crypto's got everything"}, {"start": "00:33:29", "end": "00:33:35", "text": "we wanted this cycle. And unfortunately, one of the things that we wanted was deeper liquidity. That's the Bitcoin ETFs. Those guys are net sellers."}, {"start": "00:33:35", "end": "00:33:40", "text": "They're blasting a million almost a billion dollars a day some days in outflows and the market does not have"}, {"start": "00:33:40", "end": "00:33:47", "text": "the demand to absorb that [ __ ] right now. It's problematic. That being said, this"}, {"start": "00:33:47", "end": "00:33:54", "text": "moment could be relatively shortlived. And this current, we could call it a mini bear market. This current mini bare market, uh, if it"}, {"start": "00:33:54", "end": "00:34:01", "text": "is a mini bare market, not the end absolute end of the cycle and we don't get a bottom till the end of uh, next year. If it is a mini bare market, then"}, {"start": "00:34:01", "end": "00:34:06", "text": "you might expect that by like January or something, we're grinding back higher."}, {"start": "00:34:06", "end": "00:34:14", "text": "It's about the time frame that we went through with the uh the tariff stuff. It's about two months or something like that. And this essentially started"}, {"start": "00:34:14", "end": "00:34:20", "text": "a month ago, six weeks ago. So, there's that to consider."}, {"start": "00:34:20", "end": "00:34:28", "text": "Bare markets are not a great time. You know, I think if we are if we do have the bare market and we go down for a"}, {"start": "00:34:28", "end": "00:34:34", "text": "year, I am, you know, I'm gonna find a new hobby."}, {"start": "00:34:34", "end": "00:34:41", "text": "That's what I need to do. I build an app or something, man. Hey, let's continue."}, {"start": "00:34:41", "end": "00:34:47", "text": "Mama bear, baby bear, that's the question. Is this the mama bear market or the baby bear market? We've"}, {"start": "00:34:47", "end": "00:34:52", "text": "essentially been through multiple mini bear markets in the entire cycle, and that's pretty normal. Okay, you can look"}, {"start": "00:34:52", "end": "00:35:01", "text": "back to the August crash in um 2024. You can look at the April tariff"}, {"start": "00:35:01", "end": "00:35:07", "text": "crash, all that kind of stuff. These are essentially mini bare markets. The fear, of course, is that we're not in some"}, {"start": "00:35:07", "end": "00:35:13", "text": "sort of mini bare market phase where things are going to pop back up and all these fantastic economic tailwinds that"}, {"start": "00:35:13", "end": "00:35:19", "text": "we have right now. Oh my god, people are getting jobs again. Oh my god, they're going to cut rates. Oh my god, they're going to do quantitative easing. Oh my god, they're going to have hundreds of"}, {"start": "00:35:19", "end": "00:35:25", "text": "billions of dollars of nuclear power companies in order to build [ __ ] tons of job of nuclear power to keep the AI revolution running. And then they're"}, {"start": "00:35:25", "end": "00:35:32", "text": "going to give people jobs and they're going to have data center jobs, construction jobs, they're going to build stuff. Man, America's going to be back."}, {"start": "00:35:32", "end": "00:35:38", "text": "Screw it. Dump everything. So, there's a lot of very, very positive tailwinds going into 2026."}, {"start": "00:35:38", "end": "00:35:45", "text": "Okay. Shortterm, there's a lot of fear in the market, man. A lot of fear in the market. So,"}, {"start": "00:35:45", "end": "00:35:50", "text": "sometimes selling just begets more selling. Are we in the baby bear like we've had"}, {"start": "00:35:50", "end": "00:35:57", "text": "two or three times already the cycle? Will we have a gold ETF parallel where we essentially keep just slowly grinding"}, {"start": "00:35:57", "end": "00:36:02", "text": "up for years to come? Or because it's the mama bear, we're not"}, {"start": "00:36:02", "end": "00:36:08", "text": "going to have uh any good days until 2027 2028. I'm broke. We're all broke."}, {"start": "00:36:08", "end": "00:36:14", "text": "It's good to good amber channel. Uh Japan carry trade unwind. We we unwind a"}, {"start": "00:36:14", "end": "00:36:19", "text": "huge amount of the Japan carry trade unwind back in um 2024, but there is"}, {"start": "00:36:19", "end": "00:36:24", "text": "still a lot of it to unwind and Japanese bonds exploding is not good for the market. It increases pressure that there"}, {"start": "00:36:24", "end": "00:36:29", "text": "will be more unwind from the Japanese carry trade. There's a lot of leverage in the stock market right now as well."}, {"start": "00:36:29", "end": "00:36:35", "text": "Crypto, we've had most leverage washed out. A lot of what we're seeing now is just very organized spot selling with"}, {"start": "00:36:35", "end": "00:36:40", "text": "really no one stepping up to buy until we see some kind of a slowdown in the"}, {"start": "00:36:40", "end": "00:36:48", "text": "outflows here. I think you have a lot of smart whales watching on the sideline getting ready for the relief rally. Man, daily RSI"}, {"start": "00:36:48", "end": "00:36:56", "text": "down at 22. Just for perspective, last time we had daily RSI that low was back here in August of 23."}, {"start": "00:36:56", "end": "00:37:04", "text": "Crazy crazy stuff, man. The MACD, by the way, has not been this oversold. Look at it's"}, {"start": "00:37:04", "end": "00:37:10", "text": "literally like how far can the chart go back? Is this literally the most oversold the daily MACD has literally"}, {"start": "00:37:10", "end": "00:37:16", "text": "ever been? very much um a lot of bottoming signals"}, {"start": "00:37:16", "end": "00:37:24", "text": "coming in whether it be the fear and greed, the capitulations, the uh massive outflows, the extreme fear, uh the daily"}, {"start": "00:37:24", "end": "00:37:31", "text": "RSI, the daily MACD, etc., etc., etc. Man, that MACD is wild, man. But like a"}, {"start": "00:37:31", "end": "00:37:39", "text": "beach ball underwater when that bad boy finally gets a a bullish crossover be pretty dramatic."}, {"start": "00:37:43", "end": "00:37:48", "text": "If we get a relief rally, where do you think Bitcoin will go to? Like I said, 50W week EMA probably be the target area"}, {"start": "00:37:48", "end": "00:37:53", "text": "because we lost the 50we EMA and have had zero even. We've had no relief rally even since then. It's just been straight"}, {"start": "00:37:53", "end": "00:37:59", "text": "down from there. So that would be the place to watch. Okay."}, {"start": "00:37:59", "end": "00:38:05", "text": "So when does a relief rally come? Will there be a relief rally with the Americans just full stack Hitler and a"}, {"start": "00:38:05", "end": "00:38:12", "text": "billion bucks in Bitcoin a day? It's a problem. But"}, {"start": "00:38:12", "end": "00:38:19", "text": "relief rallies happen. They always do. Right now we're at max fear, max pain, max capitulation."}, {"start": "00:38:21", "end": "00:38:27", "text": "Yeah, it's interesting. What do you think about Meteora? Uh I mean great"}, {"start": "00:38:27", "end": "00:38:32", "text": "liquidity protocol if you want to provide liquidity there but um"}, {"start": "00:38:32", "end": "00:38:38", "text": "in terms of getting into any altcoins right now I think it's relatively dangerous personally."}, {"start": "00:38:38", "end": "00:38:44", "text": "Will Monab be the first billion dollar crypto to go zero on day one? It might be. It might be. We had so many"}, {"start": "00:38:44", "end": "00:38:50", "text": "tailwinds this year and all amount. That's true. We diverged from the stock markets four months ago and uh have not"}, {"start": "00:38:50", "end": "00:38:55", "text": "caught up. Stocks just kept absolutely ripping and crypto didn't really do all that much. had a few runners but not"}, {"start": "00:38:55", "end": "00:38:59", "text": "really that much going on"}, {"start": "00:39:00", "end": "00:39:05", "text": "in case of a pump. This might be the biggest shorts. Oh, the amount of shorts that are going to be stacked up in the market right now. This is the thing is"}, {"start": "00:39:05", "end": "00:39:11", "text": "everybody of course everybody looks at this sees the most fear the most"}, {"start": "00:39:11", "end": "00:39:17", "text": "oversold RSI MACD bl all this kind of stuff and they're like [ __ ] probably time to short the market. There'll be a"}, {"start": "00:39:17", "end": "00:39:23", "text": "massive short squeeze. It's the mama bear. It's the baby bear."}, {"start": "00:39:23", "end": "00:39:29", "text": "Clark, please make a pump. Satoshi, Satoshi, where are you? Pump our bags. Actually, Satoshi, stay hidden. Oh my"}, {"start": "00:39:29", "end": "00:39:34", "text": "gosh. Can you guys imagine what's gonna happen to the price of Bitcoin if Satoshi moved just one damn Satoshi? I"}, {"start": "00:39:34", "end": "00:39:40", "text": "guess. Oh, if he moves just one Bitcoin, man. That's not good."}, {"start": "00:39:40", "end": "00:39:46", "text": "Satoshi, wherever you are, I hope you're just watching this and just chilling, man."}, {"start": "00:39:47", "end": "00:39:53", "text": "I hate crypto. I'm going to get out of this. Only going to do gold and silver. There's Bitcoin, and there's crypto. That's something to remember. You know,"}, {"start": "00:39:53", "end": "00:39:59", "text": "I understand giving up on crypto because it's been a rough year for the crypto market more broadly, right? If again, if"}, {"start": "00:39:59", "end": "00:40:04", "text": "you're not just hyper trading and running running into the weekly or monthly runner, it's been really tough."}, {"start": "00:40:04", "end": "00:40:10", "text": "Okay. Trying to actually Wow, [ __ ] This is cool tech. I'm going to invest in that idiot. Come on, Lark. What are you"}, {"start": "00:40:10", "end": "00:40:17", "text": "buying that [ __ ] for? Go buy some bonds, man. Anyway, I understand. Gold and silver, fine."}, {"start": "00:40:17", "end": "00:40:23", "text": "They're also pretty elevated right now. Bitcoin. Bitcoin is the digital gold."}, {"start": "00:40:23", "end": "00:40:29", "text": "You know, it's easy to lose a lot of faith in a lot of these different altcoins, man. But the rest of the"}, {"start": "00:40:29", "end": "00:40:34", "text": "stuff, uh, is Tom Lee a lagging indicator?"}, {"start": "00:40:34", "end": "00:40:41", "text": "Maybe, man, he's $3.5 billion in underwater and his eat bag is brutal. I guess no point. Eric,"}, {"start": "00:40:41", "end": "00:40:45", "text": "peace, man."}, {"start": "00:40:47", "end": "00:40:52", "text": "Morning. Bull trap on open then forever bearish."}, {"start": "00:40:52", "end": "00:40:57", "text": "The grizzly bear is the grizzly bear."}, {"start": "00:40:59", "end": "00:41:04", "text": "Coincidence that we're dumping is all the new ETFs drop. It is very interesting. We're getting all Think about this. We're about to get like"}, {"start": "00:41:04", "end": "00:41:11", "text": "dozens of altcoin ETFs. God, it took a long time. We're getting XRP ETFs have listed this week. Salana ETFs a week or"}, {"start": "00:41:11", "end": "00:41:16", "text": "two ago. We're going to get more, too. We're get lots more ETFs. And there's gonna be dozens of altcoin ETFs hitting"}, {"start": "00:41:16", "end": "00:41:21", "text": "the market over the next few weeks and nobody to buy them."}, {"start": "00:41:21", "end": "00:41:25", "text": "Koala bear."}, {"start": "00:41:27", "end": "00:41:32", "text": "Yeah, the markets are showing. We're not getting a lot of buyers stepping up, man."}, {"start": "00:41:36", "end": "00:41:43", "text": "It's over. 48K incoming. Oversold bottom. Extreme fear. Come on. Let's go"}, {"start": "00:41:46", "end": "00:41:51", "text": "again. Hopium. No bullish crossover. Stop it. Uh, we have not, well, we have"}, {"start": "00:41:51", "end": "00:41:56", "text": "not had any bullish crossovers yet, right? Um, exactly what comment was in reference"}, {"start": "00:41:56", "end": "00:42:01", "text": "to. We have not had a bullish crossover, right? When when the bullish crossover"}, {"start": "00:42:01", "end": "00:42:09", "text": "comes, okay, there will be. Okay, I know it always seems darkest when the markets look like this. Okay,"}, {"start": "00:42:09", "end": "00:42:15", "text": "Lark, who exactly is buying in these economic times? It's true. Main Street"}, {"start": "00:42:15", "end": "00:42:20", "text": "has been in a lot of pain, but people are getting jobs again, apparently. But they need to get the housing markets"}, {"start": "00:42:20", "end": "00:42:26", "text": "unfrozen. We probably don't see any massive moves in the market until they unfreeze the housing markets,"}, {"start": "00:42:26", "end": "00:42:34", "text": "right? Get the interest rates lower. Put a new Fed guy in. Daily RSI setting up for a massive bull"}, {"start": "00:42:34", "end": "00:42:40", "text": "div. Clark, are you in line with Tom Lee? I like a lot of the stuff Tom Lee says,"}, {"start": "00:42:40", "end": "00:42:44", "text": "and Tom Lee's been right a lot."}, {"start": "00:42:45", "end": "00:42:51", "text": "He's got some pretty optimistic targets for the end of the year. I suspect those are not going to get"}, {"start": "00:42:51", "end": "00:43:00", "text": "hit. No more lines in the hand. We're just We're just in the ocean right now."}, {"start": "00:43:05", "end": "00:43:12", "text": "Len use case, bro. I'm holding all these [ __ ] coins 2017. In nine years, I haven't used any of them for any realility. I well it depends on what you"}, {"start": "00:43:12", "end": "00:43:19", "text": "do with your life. I guess there's been a lot of real world utility builds, you know, stable coin transfers and stuff like that. But yeah, there's also a lot"}, {"start": "00:43:19", "end": "00:43:25", "text": "of speculation. The real world utility is onchain uh permissionless speculation, being able to buy stocks on"}, {"start": "00:43:25", "end": "00:43:32", "text": "chain, being able to uh get a loan on chain. Like these are pretty powerful things."}, {"start": "00:43:34", "end": "00:43:39", "text": "Cashed out of all positions, waiting for Bitcoin to hit 57K."}, {"start": "00:43:43", "end": "00:43:49", "text": "We didn't have a bull run. Well, we didn't. We didn't. It was a lame. If that was it, that was really it. It was"}, {"start": "00:43:49", "end": "00:43:56", "text": "a pretty lame bull run. People are going to say, \"Wow, that was a great bull run.\" Pretty lame one overall in my opinion. Um, there were some"}, {"start": "00:43:56", "end": "00:44:02", "text": "opportunities, but you would have been better off, but you would have been better off buying Nvidia. That's it. You"}, {"start": "00:44:02", "end": "00:44:08", "text": "would have been better off buying Nvidia than [ __ ] around with any of this crypto stuff over since 2022. If that"}, {"start": "00:44:08", "end": "00:44:11", "text": "was the best we could do."}, {"start": "00:44:13", "end": "00:44:21", "text": "Market is so bad I started drinking alcohol again. Chad. Chad, what are you drinking, man?"}, {"start": "00:44:29", "end": "00:44:33", "text": "So she's chilling in heaven."}, {"start": "00:44:35", "end": "00:44:42", "text": "Guys, you need to buy puts and do shorts in a bare market uh to make money. I know it's scary, especially when it's dropped so much, but it's a way to undo"}, {"start": "00:44:42", "end": "00:44:49", "text": "the dam. Yeah, shorting can definitely make a lot of money in bare market structurally. It's been so crazy, but uh"}, {"start": "00:44:49", "end": "00:44:54", "text": "look at this. This is when we lost the 20-day at $110,000"}, {"start": "00:44:54", "end": "00:44:59", "text": "and we had a one underside retest here at $107,000."}, {"start": "00:45:00", "end": "00:45:06", "text": "I don't like blind shorting or blind longing, let's say. Um, you know, you could make a case for shorting right"}, {"start": "00:45:06", "end": "00:45:12", "text": "now, but you're shorting into extreme fear, extreme greed, all that kind of stuff. But then the Americans probably going to wake up and again, you know,"}, {"start": "00:45:12", "end": "00:45:19", "text": "full blast billy billy of uh Bitcoin into a weak market. Let's see. But I in"}, {"start": "00:45:19", "end": "00:45:26", "text": "a bare market, and I think let's watch out for the next one. There's probably going to be a great short there. What I want to watch for is a retest on the"}, {"start": "00:45:26", "end": "00:45:32", "text": "20-day EMA. So, you can see here this Bitcoin chart. We've only had really one pretty strong test since we broke up"}, {"start": "00:45:32", "end": "00:45:38", "text": "here. Maybe target 1, two, three, four. So far, watch for a 20-day red test. Currently, it's around $97. That's"}, {"start": "00:45:38", "end": "00:45:43", "text": "running so steep. I mean, wherever that comes in at, that's probably the shorting opportunity. If we break beyond"}, {"start": "00:45:43", "end": "00:45:49", "text": "that and go back up to the 50we EMA, $100,000, you know, if it gets rejected"}, {"start": "00:45:49", "end": "00:45:54", "text": "there, if we fail to get the weekly close over that, not a bad spot to take profits, not a"}, {"start": "00:45:54", "end": "00:46:00", "text": "bad spot to go short, right? So maybe we just keep absolutely dumping here. Very"}, {"start": "00:46:00", "end": "00:46:07", "text": "very possible, right? Short down to 75K or something like that."}, {"start": "00:46:07", "end": "00:46:13", "text": "8% move if that happens. Let me just bring up the um"}, {"start": "00:46:13", "end": "00:46:19", "text": "ETH chart here. East had multiple uh 20-day EMA"}, {"start": "00:46:19", "end": "00:46:25", "text": "underside retests for shorts. Last big one was right here at 3,600 bucks."}, {"start": "00:46:25", "end": "00:46:31", "text": "Lot of opportunities in the market, guys. This thing, you can always make money in the markets. There's always an opportunity, okay? If you're looking"}, {"start": "00:46:31", "end": "00:46:38", "text": "with the right eyes, but the the pure the pure the fear can paralyze you."}, {"start": "00:46:39", "end": "00:46:46", "text": "Don't give up on Salana. Keep telling yourself that, Lark. They're going to liquid all the shorts."}, {"start": "00:46:46", "end": "00:46:54", "text": "Buying more Ethan Salana. AAX time price. AXAC has been a very disappointing coin this cycle. Bit Zcash"}, {"start": "00:46:54", "end": "00:46:59", "text": "is the new Bitcoin rumor. Apparently, Bitcoin is still"}, {"start": "00:46:59", "end": "00:47:05", "text": "making blocks. One Bitcoin equals one Bitcoin. You know,"}, {"start": "00:47:05", "end": "00:47:10", "text": "crypto isn't an airport. You don't need to announce your departure."}, {"start": "00:47:15", "end": "00:47:21", "text": "We had a bull run November 24 to January 25. It's a very short one. It's the be"}, {"start": "00:47:21", "end": "00:47:26", "text": "that the best the best we could do in four years. Oh boy."}, {"start": "00:47:26", "end": "00:47:31", "text": "Last start standing in streams again. I will soon."}, {"start": "00:47:35", "end": "00:47:41", "text": "Lark, do you recommend taking a Bitcoin loan to buy more Bitcoin? Well, I'm not here to give financial advice. Okay. My"}, {"start": "00:47:41", "end": "00:47:48", "text": "opinion is it's a lot of risk and a lot of stress. Okay."}, {"start": "00:47:56", "end": "00:48:02", "text": "Lark, I'm a dentist. My wife is asking for our mortgage money, but Oh my god, Scott,"}, {"start": "00:48:02", "end": "00:48:07", "text": "what the [ __ ] I hope you're joking. That's crazy."}, {"start": "00:48:11", "end": "00:48:17", "text": "Buy quality alts. Salana isn't going. Eth isn't going anywhere. Yeah, if we really get a deep horrific uh bare"}, {"start": "00:48:17", "end": "00:48:23", "text": "market, then uh fantastic. Great opportunity to stack some uh stack"}, {"start": "00:48:23", "end": "00:48:29", "text": "some coins at a discount again. Most won't, but uh it's real though."}, {"start": "00:48:29", "end": "00:48:35", "text": "I don't feel like this bull run's over. That's the question. I mean, from a technical perspective, right? We're"}, {"start": "00:48:35", "end": "00:48:41", "text": "under the key, we're under the 200 day, we're under the 50 week, and we are under uh 20% from the all-time highs."}, {"start": "00:48:41", "end": "00:48:48", "text": "That's bare territory. The fear, of course, is that it's not just going to be some kind of mini bear,"}, {"start": "00:48:48", "end": "00:48:55", "text": "that it's going to be the bear of bears, and that we're going to hit new price lows that you can't even fathom hitting"}, {"start": "00:48:55", "end": "00:49:01", "text": "right now. Things are going to go so low, you're actually going to owe somebody money. Your coin's going to go negative. Like when oil went negative,"}, {"start": "00:49:01", "end": "00:49:08", "text": "Bitcoin's going to go negative $100,000. You're going to owe somebody money for holding it."}, {"start": "00:49:08", "end": "00:49:13", "text": "Move back to New Zealand. No, no, no, no."}, {"start": "00:49:17", "end": "00:49:27", "text": "L, can we confirm this is a left translated cycle this time? Well, if uh the peak was December uh for so it's"}, {"start": "00:49:27", "end": "00:49:32", "text": "tricky because there's been so many weird areas of performance like Salana and Bitcoin. Bitcoin had an early peak,"}, {"start": "00:49:32", "end": "00:49:38", "text": "but then a second later peak, of course, um it would largely fit within the"}, {"start": "00:49:38", "end": "00:49:44", "text": "four-year cycle timing, but four-year cycle, all the all the different parts of the four-year cycle didn't really"}, {"start": "00:49:44", "end": "00:49:50", "text": "play out as um four-ear cycle theorists may have liked them to."}, {"start": "00:49:51", "end": "00:49:57", "text": "Black Friday sale, let's go. Almost nobody made money holding spot"}, {"start": "00:49:57", "end": "00:50:02", "text": "over the last four years. It's been grim. It's been terribly grim."}, {"start": "00:50:03", "end": "00:50:10", "text": "Micro strategy denial of the estim 100 inclusion is a blow to crypto treasury said JP Morgan."}, {"start": "00:50:10", "end": "00:50:17", "text": "Welcome to Trump's America. Extended cycle BS that it was too good to be true."}, {"start": "00:50:17", "end": "00:50:22", "text": "Let's see. Let's see. Uh 35% crash is relatively normal for Bitcoin. Like I"}, {"start": "00:50:22", "end": "00:50:28", "text": "said, we've lost key structure, which probably signals we're in more trouble."}, {"start": "00:50:28", "end": "00:50:33", "text": "easy to uh you know say, okay, well can flip that bias back around if we"}, {"start": "00:50:33", "end": "00:50:40", "text": "actually start seeing buyers step in, but uh"}, {"start": "00:50:40", "end": "00:50:47", "text": "2026 has so many crazy good tailwinds. Doesn't mean the markets are going to do great. Doesn't mean all the stuff does"}, {"start": "00:50:47", "end": "00:50:52", "text": "comes immediately, right? Maybe the tailwinds of 2026 lead to,"}, {"start": "00:50:52", "end": "00:50:59", "text": "you know, a late year rally in 2026. There's a long time to wait, man. I build an app."}, {"start": "00:50:59", "end": "00:51:06", "text": "Need a hobby. Going to build an app, man. Do some affiliate marketing for supplements or something."}, {"start": "00:51:06", "end": "00:51:12", "text": "Forget your charts. Lark. Most selling now are selling at a loss. It's very true. Why is he still down?"}, {"start": "00:51:12", "end": "00:51:17", "text": "Because everything's dumping. Bitcoin. Let's put the Bitcoin chart back on up"}, {"start": "00:51:17", "end": "00:51:26", "text": "here. Bitcoin 825. Where are we at here? Salana 124."}, {"start": "00:51:26", "end": "00:51:31", "text": "Times are dark. Times are dark, my friends. We've actually fallen out of"}, {"start": "00:51:31", "end": "00:51:37", "text": "the downside channel. We're actually under the um the price back here, which"}, {"start": "00:51:37", "end": "00:51:43", "text": "you know, it wasn't the strongest support zone in the world, was it? But it would have been nice to at least see us hold 125, but nope. Nope. All the"}, {"start": "00:51:43", "end": "00:51:51", "text": "lines drawn on the chart. Just take those off. H chart lines. All right. Pangu to the"}, {"start": "00:51:51", "end": "00:51:57", "text": "moon. Oh, my Pangu bags. I am slightly underwater on my Pangu bags right now"}, {"start": "00:51:57", "end": "00:52:03", "text": "and uh unless we get a bounce here at some point in the near future, I might actually cut that bag just because"}, {"start": "00:52:03", "end": "00:52:08", "text": "what's the point in taking a huge loss on it. Keep the core positions, mind you, but"}, {"start": "00:52:08", "end": "00:52:14", "text": "you know, I hope everybody loses all their money"}, {"start": "00:52:14", "end": "00:52:23", "text": "because it's for idiots and uneducated. Yeah. No, that's not a very nice comment, is it?"}, {"start": "00:52:24", "end": "00:52:30", "text": "I hope everybody makes money. Fouryear cycle or fiveyear cycle"}, {"start": "00:52:30", "end": "00:52:37", "text": "test conviction on day today, doesn't it? I still think we're in a fiveyear cycle, but"}, {"start": "00:52:37", "end": "00:52:43", "text": "you know, that's just me looking at all this macro data. Maybe I become too macro hold, you know, and it's all this"}, {"start": "00:52:43", "end": "00:52:48", "text": "great macro [ __ ] going on. There's some stuff Japanese car uncarry trade unwind that could be problematic for the"}, {"start": "00:52:48", "end": "00:52:54", "text": "markets in the short term. There's stuff, right? Fouryear cycle. Is it really just that"}, {"start": "00:52:54", "end": "00:53:01", "text": "[ __ ] simplistic? None of the other stuff matters. See, part of the reason why we started crashing in um late 2021"}, {"start": "00:53:01", "end": "00:53:06", "text": "and in 2022 was the Feds started indicating they're going to start hiking interest rates and that they're going to"}, {"start": "00:53:06", "end": "00:53:11", "text": "start quantitative tightening. What do we have right now? The exact opposite. Quantity tightening is ending. They're cutting interest rates. Financial"}, {"start": "00:53:11", "end": "00:53:17", "text": "conditions are incredibly loose right now. And as soon as the conditions go down a little bit more, we're going to see the"}, {"start": "00:53:17", "end": "00:53:23", "text": "housing market unthought. Nope. Not a single of the indicators"}, {"start": "00:53:23", "end": "00:53:29", "text": "you'd usually want to look at for a cycle top has hit. Not a single one."}, {"start": "00:53:29", "end": "00:53:38", "text": "Except, I suppose, the four-year cycle. If you measure from what was it uh 524 days from the Bitcoin"}, {"start": "00:53:38", "end": "00:53:43", "text": "having or some [ __ ] like that, which is October 6th, coincidentally enough, then yeah. Then the only that was the"}, {"start": "00:53:43", "end": "00:53:49", "text": "only cycle top uh indicator that hit and apparently the only one that mattered. This is when you lie, cheat, and steal"}, {"start": "00:53:49", "end": "00:53:56", "text": "to buy bye-bye bye for your second order fails."}, {"start": "00:53:56", "end": "00:54:01", "text": "No euphoria this cycle, but dumping like we did."}, {"start": "00:54:03", "end": "00:54:09", "text": "Clark has older videos. Trading tips one is to invest. The only way you can afford is I think I say that almost every live stream as well. Just you know"}, {"start": "00:54:09", "end": "00:54:16", "text": "FYI. H but I know I know we don't end up doing that. Do we"}, {"start": "00:54:16", "end": "00:54:21", "text": "forget the charts? Too much manipulation. Check out the monthly charts."}, {"start": "00:54:21", "end": "00:54:26", "text": "Yeah, monthly is not looking super pretty on Bitcoin, is it?"}, {"start": "00:54:27", "end": "00:54:34", "text": "It's probably one of the more problematic charts here for Bitcoin currently, especially the monthly uh"}, {"start": "00:54:34", "end": "00:54:41", "text": "MACD. Now, we had a monthly MACD bearish crossover back here in April. Okay. But"}, {"start": "00:54:41", "end": "00:54:49", "text": "then we recovered. So if for all intents and purposes, that should have been the end of the cycle."}, {"start": "00:54:49", "end": "00:54:54", "text": "Why is the price about whatever. Um but then now we have it again. So the"}, {"start": "00:54:54", "end": "00:55:02", "text": "question, is this a fake out situation on par with"}, {"start": "00:55:02", "end": "00:55:07", "text": "what we saw for the tariff sell-off or is this the end of all times? An"}, {"start": "00:55:07", "end": "00:55:15", "text": "interesting one to check out the uh 20 month EMA right here aroundund salon."}, {"start": "00:55:15", "end": "00:55:20", "text": "What the heck am I doing? This is salon. Oh my gosh. Look at the other chart. What am I doing?"}, {"start": "00:55:20", "end": "00:55:29", "text": "Looking at this looking at the price is not looking at the the ticker on the chart. Anyway, let's look at Bitcoin. Silly Lord. Come on."}, {"start": "00:55:29", "end": "00:55:35", "text": "Okay, here we go. Right. I was actually very salon by the way on monthies. Anyway, so check this out. Bitcoin"}, {"start": "00:55:35", "end": "00:55:41", "text": "monthly chart looks [ __ ] bad. Okay, just like losing the EMA looks bad. Just"}, {"start": "00:55:41", "end": "00:55:46", "text": "like a lot of the things look pretty bad. Okay, that is not good."}, {"start": "00:55:46", "end": "00:55:52", "text": "MACD monthly bearish crossover. We got 10 days till the month ends. Uh almost"}, {"start": "00:55:52", "end": "00:56:00", "text": "certainty that confirms for a bearish crossover on the MACD. It is always possible it can be a fake out."}, {"start": "00:56:00", "end": "00:56:04", "text": "Possible, right?"}, {"start": "00:56:08", "end": "00:56:13", "text": "All YouTubers use charts to appear knowledgeable, says Satoshi. Satoshi."}, {"start": "00:56:13", "end": "00:56:19", "text": "Three Satoshi's. Just choose one, man. Um, look, charts are a way to help us interpret"}, {"start": "00:56:19", "end": "00:56:24", "text": "the data we're seeing in the market. Okay. If you just go by the fields, man, that's all cool, too. It's all cool,"}, {"start": "00:56:24", "end": "00:56:28", "text": "too, man. You do you."}, {"start": "00:56:30", "end": "00:56:35", "text": "So, Camala would have been better. I really don't think so."}, {"start": "00:56:36", "end": "00:56:42", "text": "We are faked out. It's the start of a new bare market. What about the mass adoption? That's the thing. Prices can"}, {"start": "00:56:42", "end": "00:56:47", "text": "go down and the adoption can continue."}, {"start": "00:56:52", "end": "00:56:58", "text": "Oh, we're almost up to an hour. I guess we should finish this up, shouldn't we? Turns around now. Is is it a It is a"}, {"start": "00:56:58", "end": "00:57:03", "text": "bare market, right? Turn around now. Camala coin rug bowl 2029. That'd be hilarious. It'd be hilarious if Camala"}, {"start": "00:57:03", "end": "00:57:08", "text": "gets in and launches that coin. Oh my god. Don't sell now."}, {"start": "00:57:08", "end": "00:57:15", "text": "Patience folk patience. Lots of good macro stuff coming. This is the thing. This is the thing. The macro is what has"}, {"start": "00:57:15", "end": "00:57:21", "text": "kept me in the market. The macro is what kept me from selling the initial breakdown of the 50week EMA. The macro"}, {"start": "00:57:21", "end": "00:57:27", "text": "is what's keeping me my main positions. Okay. Perhaps the macro is wrong. The charts"}, {"start": "00:57:27", "end": "00:57:33", "text": "are telling a different story. The macro is telling one story. It's very compelling. It's very interesting. The charts are telling a different story"}, {"start": "00:57:33", "end": "00:57:40", "text": "from the monthly MACD to the well weekly MACD turned over a while ago. A lot of things are worrying in the charts right"}, {"start": "00:57:40", "end": "00:57:46", "text": "now. Okay. So, unless we actually start seeing some bullish turnaround in the very near future with some actual"}, {"start": "00:57:46", "end": "00:57:54", "text": "[ __ ] conviction, it's problematic. Okay. So now currently"}, {"start": "00:57:54", "end": "00:58:00", "text": "what we want to watch for is where we finally find some kind of local bottom at and then hopefully see a relief rally"}, {"start": "00:58:00", "end": "00:58:05", "text": "from there. Okay? It will not just keep going down a straight line forever. There will be big relief rallies. When"}, {"start": "00:58:05", "end": "00:58:11", "text": "those relief rallies come, the question will have to of course then turn into is it an actual relief rally or is it the"}, {"start": "00:58:11", "end": "00:58:16", "text": "beginning of something new? Anyway guys, there will be better times"}, {"start": "00:58:16", "end": "00:58:25", "text": "ahead of us. I know. I know. Okay. I get it. It's been crazy. All right."}, {"start": "00:58:25", "end": "00:58:32", "text": "There'll be better days ahead of us. Today's one of those days, but there are still opportunities in the market. There are still ways to make money in the market. So, don't bear hole yourself too"}, {"start": "00:58:32", "end": "00:58:38", "text": "much to stop seeing opportunities. Okay? Try to keep a"}, {"start": "00:58:38", "end": "00:58:44", "text": "sober mind. Have a glass of wine later, but you know, other than that, keep a sober mind"}, {"start": "00:58:44", "end": "00:58:52", "text": "and try to see what's in front of you for what it is. the the fear can uh overwhelm your brain sometimes. Okay, so"}, {"start": "00:58:52", "end": "00:58:57", "text": "that's it. Thanks for watching. I'll see you back next one. Bye."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Short-term holders are panic selling."}, {"start": "00:00:02", "end": "00:00:05", "text": "Okay, dropped down to 0.97, meaning most"}, {"start": "00:00:05", "end": "00:00:08", "text": "recent buyers are selling at a loss."}, {"start": "00:00:08", "end": "00:00:10", "text": "Think about the wash out. We had the"}, {"start": "00:00:10", "end": "00:00:13", "text": "1010 leverage wash out. We've had most"}, {"start": "00:00:13", "end": "00:00:15", "text": "people who want to sell have sold. It"}, {"start": "00:00:15", "end": "00:00:17", "text": "would be a real shame if everybody got"}, {"start": "00:00:17", "end": "00:00:19", "text": "out of the market and then they"}, {"start": "00:00:19", "end": "00:00:21", "text": "turbo run it back up, wouldn't it?"}, {"start": "00:00:21", "end": "00:00:23", "text": "Historically, this kind of panic selling"}, {"start": "00:00:23", "end": "00:00:24", "text": "happens near the end of corrections, not"}, {"start": "00:00:24", "end": "00:00:28", "text": "at the start. Uh this is from stock talk"}, {"start": "00:00:28", "end": "00:00:31", "text": "daily and weekly charts for Bitcoin but"}, {"start": "00:00:31", "end": "00:00:34", "text": "the 21-month EMA still being held dot"}, {"start": "00:00:34", "end": "00:00:36", "text": "dot dot for now a monthly close below"}, {"start": "00:00:36", "end": "00:00:37", "text": "that would be a bad sign for a sentiment"}, {"start": "00:00:37", "end": "00:00:41", "text": "more broadly I agree Tropic Bitcoin this"}, {"start": "00:00:41", "end": "00:00:42", "text": "is interesting most likely I'm"}, {"start": "00:00:42", "end": "00:00:44", "text": "responding to this guy properly that's"}, {"start": "00:00:44", "end": "00:00:45", "text": "most likely the bottom for now 140k"}, {"start": "00:00:45", "end": "00:00:48", "text": "possible from around here came down"}, {"start": "00:00:48", "end": "00:00:49", "text": "that's a beautiful screenshot man who"}, {"start": "00:00:49", "end": "00:00:53", "text": "got that 88,888 let's"}]

[{"start": "00:00:02", "end": "00:00:11", "text": "Welcome back to Cryptos Us. I'm George. We're all George. So, uh, happy Monday."}, {"start": "00:00:11", "end": "00:00:19", "text": "Welcome to another market open stream. Unfortunately, today I got to talk about some FUD. One"}, {"start": "00:00:19", "end": "00:00:25", "text": "major bank, JP Morgan, uh, is coming after Bitcoin investors"}, {"start": "00:00:25", "end": "00:00:31", "text": "again. What is going on? So, what's the deal? Let's talk about it and let's talk"}, {"start": "00:00:31", "end": "00:00:37", "text": "about what to look forward to this week. This is a Thanksgiving week. Are we"}, {"start": "00:00:37", "end": "00:00:42", "text": "going to see a turnaround? It's the final week of November."}, {"start": "00:00:42", "end": "00:00:49", "text": "Can we see some green finally? All right, let's do it. Let's talk about it."}, {"start": "00:00:49", "end": "00:00:57", "text": "Welcome, welcome, welcome. We are starting out the day for US market green"}, {"start": "00:00:57", "end": "00:01:03", "text": "slightly. Okay. And uh looking pretty good for Robin Hood right off the bat. Micro"}, {"start": "00:01:03", "end": "00:01:09", "text": "Strategy, Coinbase, Nvidia still red. People still"}, {"start": "00:01:09", "end": "00:01:14", "text": "not trusting Nvidia for some reason, but there's still chance they could turn"}, {"start": "00:01:14", "end": "00:01:20", "text": "around. Bitcoin is starting out at 862, which is a little bit lower than"}, {"start": "00:01:20", "end": "00:01:26", "text": "yesterday, but still better than our 82 bottom. So, uh, what is going on? What"}, {"start": "00:01:26", "end": "00:01:32", "text": "could we expect this week? Well, from economic data standpoint,"}, {"start": "00:01:32", "end": "00:01:40", "text": "nothing is today. The big the big event day will be tomorrow and we'll get PPI,"}, {"start": "00:01:40", "end": "00:01:45", "text": "but it's for September, not October. But again, it it kind of gives you a little"}, {"start": "00:01:45", "end": "00:01:53", "text": "insight into inflation, whether or not that's going up. We get jobless claims on Wednesday and then the market's off"}, {"start": "00:01:53", "end": "00:01:59", "text": "on Thursday for Thanksgiving and uh like a early close on Friday for Black"}, {"start": "00:01:59", "end": "00:02:05", "text": "Friday. So, this week overall is going to be pretty light in volume. A lot of people"}, {"start": "00:02:05", "end": "00:02:13", "text": "are taking time off. Hopefully the you know the the delayed or"}, {"start": "00:02:13", "end": "00:02:19", "text": "cancelled flights have caught up by now or have been resolved."}, {"start": "00:02:19", "end": "00:02:26", "text": "So hopefully uh you guys will be able to visit your families or whoever is visiting you. Um but yeah, overall it's"}, {"start": "00:02:26", "end": "00:02:33", "text": "going to be a light economic data and light volume week because of the"}, {"start": "00:02:33", "end": "00:02:38", "text": "holiday. Um, but this also came out. Scott Benson"}, {"start": "00:02:38", "end": "00:02:44", "text": "said that he doesn't believe there will be a recession. So that's always good. You never want to hear Treasury"}, {"start": "00:02:44", "end": "00:02:50", "text": "Secretary come out and say, \"Oh, I believe there's going to be a recession next year.\" Um, that wouldn't make a lot"}, {"start": "00:02:50", "end": "00:02:57", "text": "of sense. So, but he's coming out to reassure people that there are certain sectors that are challenged, but some of"}, {"start": "00:02:57", "end": "00:03:04", "text": "these policies that are in place will make things better. The biggest thing is just to start cutting rates. That's what"}, {"start": "00:03:04", "end": "00:03:11", "text": "they need to do, right? Um the Fed needs to cut more. That That's"}, {"start": "00:03:11", "end": "00:03:18", "text": "really what it comes down to. These sectors that are challenged and the labor force that's challenged,"}, {"start": "00:03:18", "end": "00:03:26", "text": "what the Fed could do is basically cut rates. And the good thing is right now"}, {"start": "00:03:26", "end": "00:03:32", "text": "we're back to 77% for this rate cut in December, but there should be a lot more"}, {"start": "00:03:32", "end": "00:03:37", "text": "in this new year. Like January there's a"}, {"start": "00:03:37", "end": "00:03:44", "text": "21% chance and March there's a 9% chance and those could go up drastically as we"}, {"start": "00:03:44", "end": "00:03:51", "text": "get more numbers. But that's what it comes down to. You know, that's really the ammunition"}, {"start": "00:03:51", "end": "00:03:57", "text": "that the Fed has. It's just really just rate cuts. Like what what else can they do? They buy junk bonds, but that"}, {"start": "00:03:57", "end": "00:04:02", "text": "doesn't really do a whole lot. They save banks, and that's arguably if it's good"}, {"start": "00:04:02", "end": "00:04:08", "text": "or bad. Um, but it's really comes down to just cutting rates, cutting, cutting,"}, {"start": "00:04:08", "end": "00:04:15", "text": "cutting. And this is something that we all been wanting. And we got we got some"}, {"start": "00:04:15", "end": "00:04:22", "text": "sort of last week. Somehow this got disrupted. It was 90s and was hovering in the 70s and somehow dropped to 30%"}, {"start": "00:04:22", "end": "00:04:28", "text": "last week as people were fearful that we're not going to get a cut and now we're right back right back to where it"}, {"start": "00:04:28", "end": "00:04:35", "text": "should be. Right. It's just a lot of it just doesn't make a lot of sense."}, {"start": "00:04:35", "end": "00:04:41", "text": "Anyways, um"}, {"start": "00:04:41", "end": "00:04:47", "text": "let's move on. What else? What else? Well, uh, if you look at"}, {"start": "00:04:47", "end": "00:04:54", "text": "ETFs, not a good sign. Although on Friday we"}, {"start": "00:04:54", "end": "00:05:00", "text": "had a little bit of a turnaround, but no thanks to Black Rockck. Black Rockck still sold 122 million, but the other"}, {"start": "00:05:00", "end": "00:05:07", "text": "funds picked up and we had a good 240 million inflow on Friday."}, {"start": "00:05:07", "end": "00:05:15", "text": "But Black Rockck is up to something now. Black Rockck, I used to defend them and say, \"Hey, they never sold. They only"}, {"start": "00:05:15", "end": "00:05:20", "text": "bought, but that hasn't been the case for the last few weeks.\" As you can see, they"}, {"start": "00:05:20", "end": "00:05:27", "text": "are the primary sellers of Bitcoin ETF. And you could argue this is also from"}, {"start": "00:05:27", "end": "00:05:35", "text": "the users and Wall Street. Obviously, it's not just them, but I've always made a case that they also they also buy"}, {"start": "00:05:35", "end": "00:05:42", "text": "their own ETFs with their other ETFs, too. They have said that before and it was pretty obvious earlier this year"}, {"start": "00:05:42", "end": "00:05:48", "text": "when that was happening. So some of this could be Black Rockck itself. If you look at Ethereum, same"}, {"start": "00:05:48", "end": "00:05:55", "text": "thing. They sold 5354 million but Fidelity made up for that and we had a"}, {"start": "00:05:55", "end": "00:06:01", "text": "positive flow of 56 million and Salana we had a a little little inflow 10"}, {"start": "00:06:01", "end": "00:06:08", "text": "million. But what is going on with Black Rockck? Uh if you look at this, we had a 3.5"}, {"start": "00:06:08", "end": "00:06:14", "text": "billion exodus. The worst month. Well, not one of the worst months. Wait,"}, {"start": "00:06:14", "end": "00:06:20", "text": "is it the one? It actually shows here. Uh it's not the worst month for"}, {"start": "00:06:20", "end": "00:06:27", "text": "cumulative. It's like the second worst, but for Black Rockck, it is the worst. So, if you look at it, Black Rockck led"}, {"start": "00:06:27", "end": "00:06:35", "text": "the way. And the last time we saw such a massive exodus was around the the the"}, {"start": "00:06:35", "end": "00:06:40", "text": "February March time frame when we had that last"}, {"start": "00:06:40", "end": "00:06:47", "text": "catastrophic drop, right? But the good news is"}, {"start": "00:06:47", "end": "00:06:55", "text": "what happened afterwards. You know, I said Wall Street could be finicky sometimes. They sometimes mirror"}, {"start": "00:06:55", "end": "00:07:04", "text": "what retail investors are doing which is panic selling. Let's not forget earlier this year around January, February,"}, {"start": "00:07:04", "end": "00:07:12", "text": "March, April, very bad for markets for Bitcoin, crypto, US markets all around"}, {"start": "00:07:12", "end": "00:07:18", "text": "Wall Street were just selling everything. Okay, so we did have a massive outflow"}, {"start": "00:07:18", "end": "00:07:24", "text": "around that time. But guess what happened? Then they started FOMOing and then we"}, {"start": "00:07:24", "end": "00:07:30", "text": "had massive inflows. So right now I mean obviously if you look at it the inflows"}, {"start": "00:07:30", "end": "00:07:37", "text": "far exceed outflows. Okay, it's nowhere close. We did have a bad we did have a"}, {"start": "00:07:37", "end": "00:07:46", "text": "bad month and this month is not over yet. But what normally follows,"}, {"start": "00:07:46", "end": "00:07:51", "text": "as you could see based on history, when you have bad, very bad outflows, what"}, {"start": "00:07:51", "end": "00:07:59", "text": "happens, right? Have really good inflows afterwards."}, {"start": "00:07:59", "end": "00:08:07", "text": "Um, but yeah, right now something's going out with Black Rockck, that's for sure. Uh maybe"}, {"start": "00:08:07", "end": "00:08:13", "text": "maybe Black Rockck and JP Morgan, you know, maybe they're working together."}, {"start": "00:08:13", "end": "00:08:20", "text": "I'm I'm pretty sure of it. They're very close. Jamie Diamond and Larry Fing are very close. Maybe they're orchestrating"}, {"start": "00:08:20", "end": "00:08:29", "text": "something because JP Morgan right now is also causing a lot of Bitcoin FUD. A lot of FUD."}, {"start": "00:08:29", "end": "00:08:36", "text": "And not only FUD, they're also shorting. Here's how they're doing it. First"}, {"start": "00:08:36", "end": "00:08:42", "text": "things first, Jack Mullers, which is a influential guy in the Bitcoin world. He's the founder of Strike. He's also"}, {"start": "00:08:42", "end": "00:08:48", "text": "the founder of the new 21 Capital, which is a Bitcoin treasury company. He"}, {"start": "00:08:48", "end": "00:08:56", "text": "brought out uh he brought out this tweet or he tweeted it saying that, you know, JP"}, {"start": "00:08:56", "end": "00:09:04", "text": "Morgan just closed his accounts. Okay? and they won't tell him why. I've"}, {"start": "00:09:04", "end": "00:09:10", "text": "experienced this years ago, but he's experiencing it now and he's much more influential and much richer and they're"}, {"start": "00:09:10", "end": "00:09:15", "text": "still doing it to him. Okay. And Jack Mer says his dad has been"}, {"start": "00:09:15", "end": "00:09:21", "text": "a private client for 30 plus years, but it does not matter. They just shut down all of his accounts. And here's his"}, {"start": "00:09:21", "end": "00:09:27", "text": "proof. Okay. So, why is JP Morgan doing this?"}, {"start": "00:09:27", "end": "00:09:33", "text": "Well, it seems like they're still targeting first of all Bitcoin people and it doesn't care who they are even if"}, {"start": "00:09:33", "end": "00:09:40", "text": "they're large, rich, very influential people. So, that's still happening. Okay. But"}, {"start": "00:09:40", "end": "00:09:50", "text": "not only that, you know, last week there was a lot of drama about how MCSI"}, {"start": "00:09:50", "end": "00:09:56", "text": "may be reclassifying and if they do and they kick out"}, {"start": "00:09:56", "end": "00:10:01", "text": "companies that hold more than 50% of their assets in Bitcoin and crypto will"}, {"start": "00:10:01", "end": "00:10:09", "text": "not be listed. Guess who spread this fund, too? I didn't know. It was JP Morgan. JP Morgan"}, {"start": "00:10:09", "end": "00:10:15", "text": "brought this out. There's a lot of FUD out there"}, {"start": "00:10:15", "end": "00:10:23", "text": "being spread by one company, JP Morgan. Um,"}, {"start": "00:10:23", "end": "00:10:28", "text": "so what's going on? What's going on? Why are they doing Why are they doing this"}, {"start": "00:10:28", "end": "00:10:35", "text": "now? I don't know. Well, Max Kaiser supposedly said this. I don't know if"}, {"start": "00:10:35", "end": "00:10:41", "text": "this is true that JP Morgan allegedly holds a huge short position on Micro"}, {"start": "00:10:41", "end": "00:10:50", "text": "Strategy. So large that a 50% pump above Friday's price could cause exotensential"}, {"start": "00:10:50", "end": "00:10:57", "text": "uh problems for the bank. And you know the shorting of Micro"}, {"start": "00:10:57", "end": "00:11:03", "text": "Strategy, you know what that reminds me of? Um Tom"}, {"start": "00:11:03", "end": "00:11:09", "text": "Lee Tom Lee's interview last week said this too. He said he talked to a lot of"}, {"start": "00:11:09", "end": "00:11:15", "text": "his clients, a lot of clients in general and they want to hedge against their Bitcoin"}, {"start": "00:11:15", "end": "00:11:21", "text": "and by the only way for them to really do so because they have such large"}, {"start": "00:11:21", "end": "00:11:27", "text": "positions in Bitcoin, they would short Micro Strategy. That's"}, {"start": "00:11:27", "end": "00:11:34", "text": "their hedge. So, Micro Strategy goes down, then they make some money and offset some longs that they have with"}, {"start": "00:11:34", "end": "00:11:40", "text": "their Bitcoin holdings, right? But in this case, I I don't know if that's the case. In this case, I don't know if JP"}, {"start": "00:11:40", "end": "00:11:46", "text": "Morgan is hedging or they seriously just don't like Micro"}, {"start": "00:11:46", "end": "00:11:52", "text": "Strategy and don't like Bitcoin at this time or they're joining"}, {"start": "00:11:52", "end": "00:11:58", "text": "Black Rockck and doing something."}, {"start": "00:11:58", "end": "00:12:04", "text": "They're doing something. Um, I don't know. Try to bring the market down or"}, {"start": "00:12:04", "end": "00:12:09", "text": "keep us suppressed as long as possible"}, {"start": "00:12:10", "end": "00:12:17", "text": "for some kind of agenda. You know, it's like all of a sudden,"}, {"start": "00:12:17", "end": "00:12:25", "text": "why now? Right. And also reveals that JP Morgan just sold 134 million of strategy"}, {"start": "00:12:25", "end": "00:12:31", "text": "shares. Now, this was confirmed. I don't know about the the short position, but this"}, {"start": "00:12:31", "end": "00:12:39", "text": "is confirmed, right? So, bottom line is there's a lot of FUD"}, {"start": "00:12:39", "end": "00:12:44", "text": "around Micro Strategy, around Bitcoin right now,"}, {"start": "00:12:44", "end": "00:12:50", "text": "right? This is all orchestrated. This is all done on purpose right now."}, {"start": "00:12:50", "end": "00:12:58", "text": "I I think you know some of this stuff is speculation but"}, {"start": "00:12:58", "end": "00:13:03", "text": "some of it you know educated guess right you put two and two together kind of"}, {"start": "00:13:03", "end": "00:13:09", "text": "makes sense some of the things that are being talked about"}, {"start": "00:13:09", "end": "00:13:15", "text": "and uh what's that what's that famous quote um"}, {"start": "00:13:16", "end": "00:13:21", "text": "I can't I can't repeat it because I'm going to butcher it but the one from Sherlock Holmes which is a fictional"}, {"start": "00:13:21", "end": "00:13:29", "text": "character but still what what's uh if you remove all the"}, {"start": "00:13:29", "end": "00:13:36", "text": "I don't I I can't say the quote but I can think about it but I can't say it something about like you remove all the obvious"}, {"start": "00:13:36", "end": "00:13:43", "text": "the the most likely outhood or outcome or whatever is"}, {"start": "00:13:43", "end": "00:13:50", "text": "okay I just butchered that you guys know what I'm talking about um"}, {"start": "00:13:50", "end": "00:13:56", "text": "but yeah, it just seems like that's that's what's uh what's in you know what's basically what's in front of you"}, {"start": "00:13:56", "end": "00:14:03", "text": "although unlikely is the truth right and got a lot of FUD a lot of selling a lot"}, {"start": "00:14:03", "end": "00:14:08", "text": "of maybe collusion orchestrated selling"}, {"start": "00:14:08", "end": "00:14:14", "text": "and it's uh it's definitely holding us back but let's not forget there's a lot of"}, {"start": "00:14:14", "end": "00:14:21", "text": "FUD around Micro Strategy right now being delisted You got short positions, you got people selling them off and all"}, {"start": "00:14:21", "end": "00:14:26", "text": "this stuff. But let's not forget"}, {"start": "00:14:26", "end": "00:14:32", "text": "Sailor raised about $20 billion this year and"}, {"start": "00:14:32", "end": "00:14:39", "text": "has bought $200,000 Bitcoin. Okay. What other individual or what other company"}, {"start": "00:14:39", "end": "00:14:45", "text": "could say that? None. He's the only one that did it."}, {"start": "00:14:45", "end": "00:14:53", "text": "He's continuing to push forward and he has heard a lot of FUD before. Trust me, if you live through 2022, 2023, and"}, {"start": "00:14:53", "end": "00:15:01", "text": "2024, it was bad for Micro Strategy because"}, {"start": "00:15:01", "end": "00:15:06", "text": "Sailor was a nobody. He came in in 2020, put all the money in, he bought a lot"}, {"start": "00:15:06", "end": "00:15:13", "text": "towards the 2021 top. And throughout 2022, 2023, 2024, while Bitcoin was"}, {"start": "00:15:13", "end": "00:15:20", "text": "still low, a lot of FUD about how they had to sell,"}, {"start": "00:15:20", "end": "00:15:27", "text": "they may go bankrupt this and that, all this stuff until it was proven that the"}, {"start": "00:15:27", "end": "00:15:33", "text": "Bitcoin Treasury strategy works. So, he has heard a lot of FUD"}, {"start": "00:15:33", "end": "00:15:39", "text": "before. And the best way to counter FUD is just to prove them wrong. and he's going to"}, {"start": "00:15:39", "end": "00:15:46", "text": "continue to do that. And then he also posted this and this"}, {"start": "00:15:46", "end": "00:15:51", "text": "basically shows all his preferred companies and the volume the trading volume I"}, {"start": "00:15:51", "end": "00:15:59", "text": "guess on them have been skyrocketing which shows the appetite for them."}, {"start": "00:15:59", "end": "00:16:06", "text": "I'll remove my camera here. Especially look at in November a 50% jump in this"}, {"start": "00:16:06", "end": "00:16:13", "text": "final this last week versus the prior week at 18% jump and then a 41% jump. So"}, {"start": "00:16:13", "end": "00:16:22", "text": "basically what he's trying to show is his preferred stock companies"}, {"start": "00:16:22", "end": "00:16:31", "text": "they are doing well. There's an appetite for them. And again, he's just going to ignore the FUD like we all should."}, {"start": "00:16:32", "end": "00:16:38", "text": "Now, what else is there besides"}, {"start": "00:16:38", "end": "00:16:45", "text": "JP Morgan and uh and all this FUD and FUD around Micro Strategy?"}, {"start": "00:16:45", "end": "00:16:52", "text": "What else shows that hey maybe this is all done on"}, {"start": "00:16:52", "end": "00:16:58", "text": "purpose but we will still recover. We will still"}, {"start": "00:16:58", "end": "00:17:05", "text": "find a footing and we will move forward. There are a lot of indicators okay a lot"}, {"start": "00:17:05", "end": "00:17:11", "text": "that show that despite all the FUD for example here's a traditional one."}, {"start": "00:17:11", "end": "00:17:17", "text": "Bitfinex Bfinex futures or longs I should say. Um,"}, {"start": "00:17:17", "end": "00:17:24", "text": "whenever you see this, it's usually a good sign. And what is"}, {"start": "00:17:24", "end": "00:17:31", "text": "this? Well, the green is basically showing the longs that are placed. The reds are showing the shorts being"}, {"start": "00:17:31", "end": "00:17:39", "text": "placed. And whenever you see the longs start racking up like that, that's"}, {"start": "00:17:39", "end": "00:17:45", "text": "usually when the BFIX whales think that it's a bottom point and we're going to"}, {"start": "00:17:45", "end": "00:17:52", "text": "flip above. This happened right around March and April of earlier this year and"}, {"start": "00:17:52", "end": "00:17:58", "text": "it happened around September of last year. Those are"}, {"start": "00:17:58", "end": "00:18:04", "text": "two turnaround points when Bitcoin flipped above. And you could see how the"}, {"start": "00:18:04", "end": "00:18:11", "text": "long positions correlate with the exact bottom of those periods. And you can see"}, {"start": "00:18:11", "end": "00:18:17", "text": "the longs have been building higher and higher and higher. More and more traders"}, {"start": "00:18:17", "end": "00:18:22", "text": "feeling like this is the bottom. This is almost like a prediction market without"}, {"start": "00:18:22", "end": "00:18:28", "text": "having a percentage or something shown on poly market. But this is a tradition."}, {"start": "00:18:28", "end": "00:18:34", "text": "This is basically what a prediction market is. More and more people are feeling that we are nearing a bottom and"}, {"start": "00:18:34", "end": "00:18:40", "text": "we will reverse. So that's a traditional one that's been out for a long time."}, {"start": "00:18:40", "end": "00:18:46", "text": "What else? Capitulation. Okay. A lot of people capitulated, a lot"}, {"start": "00:18:46", "end": "00:18:52", "text": "of people sold, lost money by selling."}, {"start": "00:18:53", "end": "00:19:01", "text": "And the last few times when you had major capitulation like this,"}, {"start": "00:19:01", "end": "00:19:07", "text": "you had a big turnaround. We had a lot of people sell over the"}, {"start": "00:19:07", "end": "00:19:14", "text": "last few weeks. That's why we're we are where we are. But again, when that"}, {"start": "00:19:14", "end": "00:19:19", "text": "usually happens, that's usually a good time to be loading"}, {"start": "00:19:19", "end": "00:19:25", "text": "up. When everyone is selling, when there's blood in the streets,"}, {"start": "00:19:25", "end": "00:19:32", "text": "sometimes when this is your own blood, you got to buy the dip because that's when things turn around. And we got"}, {"start": "00:19:32", "end": "00:19:37", "text": "other things, too. Here, here's a indicator just RSI"}, {"start": "00:19:37", "end": "00:19:44", "text": "measuring if we're oversold or overbought. On the weekly, again, we're at a low"}, {"start": "00:19:44", "end": "00:19:49", "text": "point that we haven't seen since"}, {"start": "00:19:49", "end": "00:19:56", "text": "the bottom of the last cycle when Bitcoin fell down to 15,000 when"}, {"start": "00:19:56", "end": "00:20:01", "text": "FTX collapsed. We are as oversold right now"}, {"start": "00:20:01", "end": "00:20:08", "text": "at 8586 as when Bitcoin was at 15,000 back in"}, {"start": "00:20:08", "end": "00:20:17", "text": "2022, 2023. And a time before that was the COVID crash when Bitcoin fell down to 3,400."}, {"start": "00:20:17", "end": "00:20:24", "text": "And a time before that was the bottom of the 20 17"}, {"start": "00:20:24", "end": "00:20:29", "text": "cycle and that was when Bitcoin hit 3,000."}, {"start": "00:20:29", "end": "00:20:35", "text": "We haven't seen this kind of oversold level"}, {"start": "00:20:35", "end": "00:20:41", "text": "for a a long time. And this doesn't happen very often. Sometimes it's years."}, {"start": "00:20:41", "end": "00:20:48", "text": "It's almost like this is the bottom of crypto winter."}, {"start": "00:20:48", "end": "00:20:53", "text": "That's what this is equivalent of. The last two times was the bottom of crypto"}, {"start": "00:20:53", "end": "00:20:58", "text": "winter 2019 2022."}, {"start": "00:20:58", "end": "00:21:04", "text": "And if that's the case, if we are as oversold as previous lows of crypto"}, {"start": "00:21:04", "end": "00:21:12", "text": "winter, well then what comes next? a huge recovery."}, {"start": "00:21:14", "end": "00:21:21", "text": "So, think about that. We are as oversold as bottoms of the previous two crypto"}, {"start": "00:21:21", "end": "00:21:27", "text": "winters and and that COVID crash. That's how"}, {"start": "00:21:27", "end": "00:21:33", "text": "oversold we are according to RSI."}, {"start": "00:21:34", "end": "00:21:41", "text": "Well, if that doesn't tell you something, I don't know what will. that that shows it's a tremendous opportunity"}, {"start": "00:21:41", "end": "00:21:46", "text": "right now to load up just like all those previous times at that time when Bitcoin"}, {"start": "00:21:46", "end": "00:21:52", "text": "was below 20,000 and it was sliding 18 17"}, {"start": "00:21:52", "end": "00:21:57", "text": "very few people wanted to buy. But look at it now in hindsight of course you"}, {"start": "00:21:57", "end": "00:22:04", "text": "would say I should have put all my money in. It's the same thing around that time. We had metrics,"}, {"start": "00:22:04", "end": "00:22:12", "text": "we had indicators, we had signals, we had still fundamentals,"}, {"start": "00:22:12", "end": "00:22:18", "text": "but not as much as now. And"}, {"start": "00:22:18", "end": "00:22:25", "text": "despite all those things still, I mean, very rarely pick up people pick up, but now it's just a different it's a"}, {"start": "00:22:25", "end": "00:22:31", "text": "different time. We have so much more information now than even before."}, {"start": "00:22:31", "end": "00:22:37", "text": "You got to put it all together, guys. You got to put all together. Same thing. Here's another one that shows this is"}, {"start": "00:22:37", "end": "00:22:43", "text": "this is a new indicator I've never heard of. Short-term MVRV. I know MVRV usually"}, {"start": "00:22:43", "end": "00:22:49", "text": "measures like tops, but this is measuring bottoms right now."}, {"start": "00:22:49", "end": "00:22:57", "text": "According to this, Bitcoin basically I I don't know this only goes back to 2023, but still we are"}, {"start": "00:22:57", "end": "00:23:06", "text": "more oversold now than when we fell down to 74,000 when we fell down to 49,000."}, {"start": "00:23:06", "end": "00:23:17", "text": "If this could go back a little bit further, we are more oversold now than even after the crypto winter of 2022."}, {"start": "00:23:17", "end": "00:23:23", "text": "This shows how oversold we are at this point."}, {"start": "00:23:27", "end": "00:23:33", "text": "Same thing, something else that measures"}, {"start": "00:23:33", "end": "00:23:40", "text": "bottoms. But this is really just showing death cross. But the last two times we had a death cross happen."}, {"start": "00:23:40", "end": "00:23:46", "text": "It turned out to be a reversal indicator because it showed how oversold we are"}, {"start": "00:23:46", "end": "00:23:54", "text": "and then we rallied significantly afterwards. Right? So if you if you're looking at this"}, {"start": "00:23:54", "end": "00:24:00", "text": "should tell you something that first of all we are going to recover. Okay? That's the most important thing. We're"}, {"start": "00:24:00", "end": "00:24:08", "text": "just not going to keep falling till to go to zero like like some people may say. Second of all is you look at what"}, {"start": "00:24:08", "end": "00:24:13", "text": "we have. You comp pile all this together."}, {"start": "00:24:15", "end": "00:24:23", "text": "It shows that a bottom is here or near and reversal a giant reversal"}, {"start": "00:24:23", "end": "00:24:31", "text": "is coming afterwards. We are showing the same kind of fear level, the same kind of oversold levels,"}, {"start": "00:24:31", "end": "00:24:36", "text": "the same kind of FUD as bottoms of crypto winter."}, {"start": "00:24:36", "end": "00:24:44", "text": "Think about that. We're not in crypto winter yet. We are showing the symptoms"}, {"start": "00:24:44", "end": "00:24:51", "text": "of a crypto winter. Severe capitulation, depression, FUD."}, {"start": "00:24:51", "end": "00:24:58", "text": "Yet, Bitcoin is much higher than those bottom crypto winter levels."}, {"start": "00:24:58", "end": "00:25:05", "text": "Yet, we're showing the same kind of symptoms. So think about that and think about the missed opportunities that you"}, {"start": "00:25:05", "end": "00:25:10", "text": "may have had in the prior cycles because of fear but now you should be more"}, {"start": "00:25:10", "end": "00:25:18", "text": "educated. So this is definitely not a time"}, {"start": "00:25:18", "end": "00:25:24", "text": "to become more fearful and to do more panic dumping if you had. This is the"}, {"start": "00:25:24", "end": "00:25:31", "text": "time to be loading up. This is a time to be holding and DCAing"}, {"start": "00:25:31", "end": "00:25:38", "text": "because the reversal is coming. Whether it starts this week or December"}, {"start": "00:25:38", "end": "00:25:45", "text": "or 2026, it's going to happen."}, {"start": "00:25:47", "end": "00:25:53", "text": "That's it. Tom Lee, speaking of Tom Lee, yeah, he's not stopping. He just bought"}, {"start": "00:25:53", "end": "00:25:59", "text": "$82 million worth of ETH. Continues to double down. It's not like he's just"}, {"start": "00:25:59", "end": "00:26:06", "text": "going to throw out his thesis about ETH and sell everything. No, he believes in"}, {"start": "00:26:06", "end": "00:26:13", "text": "it. He believes ETH because he thinks RWA, tokenized treasuries, tokenized"}, {"start": "00:26:13", "end": "00:26:19", "text": "assets are going to be huge. And he also believes stable coins."}, {"start": "00:26:19", "end": "00:26:25", "text": "America is betting on stable coins. and most of the stable coins are residing on"}, {"start": "00:26:25", "end": "00:26:33", "text": "ETH. These are the reasons why he believe this is why he continues to double down and he he like Michael"}, {"start": "00:26:33", "end": "00:26:41", "text": "Sailor could be laughing all the way to the bank once we recover and form a new high."}, {"start": "00:26:42", "end": "00:26:47", "text": "That's the way to do it. That's the way to do it. Don't panic sell. Don't panic"}, {"start": "00:26:47", "end": "00:26:52", "text": "at all. Stay levelheaded. Stay cool, continue to"}, {"start": "00:26:52", "end": "00:26:59", "text": "hold all and then DCA if you can. All right,"}, {"start": "00:26:59", "end": "00:27:07", "text": "let's see the US market. Uh, very heavy in NASDAQ today. Red and"}, {"start": "00:27:07", "end": "00:27:13", "text": "Dow, uh, so far everything's good. Coinbase up 4% except strategy. I told"}, {"start": "00:27:13", "end": "00:27:21", "text": "you guys a lot of FUD around strategy right now. Shorting, selling of strategy."}, {"start": "00:27:22", "end": "00:27:26", "text": "Bitcoin 858."}, {"start": "00:27:28", "end": "00:27:32", "text": "All right, let's do some Q&A,"}, {"start": "00:27:43", "end": "00:27:51", "text": "man. Almost 4,000 people watching. I figure views will be lower this week because of"}, {"start": "00:27:51", "end": "00:27:56", "text": "people traveling, but I guess it's too early to be traveling. I think most people be traveling like Wednesday or"}, {"start": "00:27:56", "end": "00:27:59", "text": "maybe tomorrow."}, {"start": "00:28:01", "end": "00:28:07", "text": "Eagle Eye asked George, should there be unlimited supply of stable coins? Yeah, it's based on how much dollars there"}, {"start": "00:28:07", "end": "00:28:12", "text": "are. So, if there's more dollars being put in, then yeah, it's supposed to be"}, {"start": "00:28:12", "end": "00:28:19", "text": "pegged to a dollar, right? This is not supposed to be a speculative asset. It's not supposed to go up. Stable coins"}, {"start": "00:28:19", "end": "00:28:26", "text": "aren't supposed to rise up in price if there's more of it. That's not the point of a stable coin."}, {"start": "00:28:33", "end": "00:28:39", "text": "I mean, this is a really telling thing here. Okay."}, {"start": "00:28:39", "end": "00:28:49", "text": "I mean, it doesn't get more clear than this. If you're measuring oversold levels,"}, {"start": "00:28:50", "end": "00:28:56", "text": "we are as oversold as the bottom of the last two crypto winters."}, {"start": "00:28:56", "end": "00:29:03", "text": "Maybe not as deep, but we're getting in the same territory."}, {"start": "00:29:03", "end": "00:29:08", "text": "We haven't seen RSI at this low since"}, {"start": "00:29:08", "end": "00:29:15", "text": "the bottom of 2022. the bottom of COVID"}, {"start": "00:29:15", "end": "00:29:23", "text": "or the yeah start of COVID and the bottom of 2018."}, {"start": "00:29:23", "end": "00:29:29", "text": "What happened after those three bottoming"}, {"start": "00:29:29", "end": "00:29:36", "text": "times or processes, right? We rallied hard."}, {"start": "00:29:38", "end": "00:29:45", "text": "So, I mean, it doesn't get more clear than this. Maybe we hover here for a little bit"}, {"start": "00:29:45", "end": "00:29:50", "text": "longer. Maybe we go down a little more, although I have a hard time seeing that."}, {"start": "00:29:50", "end": "00:29:58", "text": "But, we know we will recover from this. We will continue forward."}, {"start": "00:29:58", "end": "00:30:04", "text": "So, definitely not time to be panic selling or panic dumping at this point."}, {"start": "00:30:04", "end": "00:30:10", "text": "We have a lot of now that we're in our like fourth cycle."}, {"start": "00:30:10", "end": "00:30:18", "text": "Okay, this I think this is the fourth cycle. We have a lot more metrics and data and analytics and everything. So,"}, {"start": "00:30:18", "end": "00:30:23", "text": "it's much easier for us to look at what's happened before"}, {"start": "00:30:23", "end": "00:30:30", "text": "versus now. A lot of similarities. Plus, the fundamentals continue to be strong."}, {"start": "00:30:30", "end": "00:30:35", "text": "So, you just got to put it all together."}, {"start": "00:30:36", "end": "00:30:42", "text": "Chitchat Network. Could this dip? Could this dip be because institutions,"}, {"start": "00:30:42", "end": "00:30:48", "text": "corporations more involved, so we're all on Wall Street schedule. They want to show loss and end of the year on purpose. October and November are"}, {"start": "00:30:48", "end": "00:30:54", "text": "considered bad months. It could be tax harvesting. You know, with crypto, you"}, {"start": "00:30:54", "end": "00:31:03", "text": "could do tax harvesting still. I I'm not so sure if you could do it with ETSs, but maybe you could."}, {"start": "00:31:03", "end": "00:31:08", "text": "There definitely is. Every year we have this thing about tax harvesting and"}, {"start": "00:31:08", "end": "00:31:13", "text": "firms will do that as much as possible or they have to rebalance their portfolio."}, {"start": "00:31:13", "end": "00:31:19", "text": "That also happens toward the end of the year. So all this FUD right now, I started to show like is this colluding"}, {"start": "00:31:19", "end": "00:31:25", "text": "between Black Rockck and JP Morgan right now and why are they doing it? If that's true,"}, {"start": "00:31:25", "end": "00:31:32", "text": "is it is it because they want to accumulate more or they have some other alter"}, {"start": "00:31:32", "end": "00:31:39", "text": "agenda for tax harvesting or whatever else?"}, {"start": "00:31:39", "end": "00:31:44", "text": "Maybe they just JP Morgan just hates Sailor. I don't know. Black Rockck loves"}, {"start": "00:31:44", "end": "00:31:51", "text": "Sailor so I don't know about JP Morgan though or Jamie Diamond."}, {"start": "00:32:17", "end": "00:32:24", "text": "George, with this year almost over, do you think Bitcoin's performance would have been better if Camala won? Tony,"}, {"start": "00:32:24", "end": "00:32:31", "text": "you know, that's a hard one. At this point, I would still say no."}, {"start": "00:32:31", "end": "00:32:37", "text": "But you know, it's just anyone's guess, right? Despite all the conf"}, {"start": "00:32:37", "end": "00:32:43", "text": "controversies and all the distractions and everything that has happened this"}, {"start": "00:32:43", "end": "00:32:50", "text": "year that brought us to where we are. Let's not forget overall"}, {"start": "00:32:50", "end": "00:32:55", "text": "the crypto regulations have been changed"}, {"start": "00:32:55", "end": "00:33:02", "text": "very favorably in our way. Gary Gendler is gone. We have Paul Atkins that"}, {"start": "00:33:02", "end": "00:33:09", "text": "basically just allows anything to happen now. Um, for better or for worse,"}, {"start": "00:33:09", "end": "00:33:16", "text": "we have a pro Bitcoin stance. Okay. The CFTC"}, {"start": "00:33:16", "end": "00:33:21", "text": "and SEC is working together. We have states that now have Bitcoin"}, {"start": "00:33:21", "end": "00:33:27", "text": "treasuries. We have as a country have a Bitcoin treasury."}, {"start": "00:33:27", "end": "00:33:34", "text": "we have more again favorable laws for mining, for taxes, for everything"}, {"start": "00:33:34", "end": "00:33:42", "text": "that's cryptoreated. So even though this year hasn't been as good as we all want"}, {"start": "00:33:42", "end": "00:33:47", "text": "it, well, let's not forget it's not over, too. But even let's just pretend"}, {"start": "00:33:47", "end": "00:33:54", "text": "like it's not as good as we all thought it was. But let's not forget we got we"}, {"start": "00:33:54", "end": "00:33:59", "text": "got years to come. Gary Gendler himself ruined crypto"}, {"start": "00:33:59", "end": "00:34:06", "text": "really for us for a very long time. Just having a bad SEC commissioner could do"}, {"start": "00:34:06", "end": "00:34:11", "text": "that. And now we have a very pro- crypto commissioner. And we have a lot of"}, {"start": "00:34:11", "end": "00:34:20", "text": "people in power now. They're all very pro- crypto, too. So, at least we know there's no agenda against it."}, {"start": "00:34:20", "end": "00:34:28", "text": "And that's good. So again, maybe short-term pain equals long-term gains."}, {"start": "00:34:53", "end": "00:35:00", "text": "Okay, starting to move a little bit. A little bit though. We got to see. It was"}, {"start": "00:35:00", "end": "00:35:07", "text": "very encouraging yesterday that we broke above 87. I was hoping that we could just utilize as a support. Not yet. We"}, {"start": "00:35:07", "end": "00:35:13", "text": "need to break it again and utilize it and then we could be on our way. You know, last week we had a lot and"}, {"start": "00:35:13", "end": "00:35:20", "text": "then we also had a Bitcoin whale OG sell like 1.4"}, {"start": "00:35:20", "end": "00:35:26", "text": "billion 1.8 billion. He sold his entire holdings in Bitcoin."}, {"start": "00:35:26", "end": "00:35:32", "text": "First of all, good for him. He became a billionaire. Well, he still had to pay taxes unless he's trying to hide that."}, {"start": "00:35:32", "end": "00:35:39", "text": "But anyways, he he became a Bitcoin billionaire simply by holding."}, {"start": "00:35:39", "end": "00:35:46", "text": "But not good for him as he decided to dump his entire bag within like a week's time frame. Almost seems like it was"}, {"start": "00:35:46", "end": "00:35:52", "text": "done on purpose to keep things suppressed or low"}, {"start": "00:35:52", "end": "00:35:58", "text": "or to give a giant FU to the entire community. No reason for it, no"}, {"start": "00:35:58", "end": "00:36:04", "text": "explanation, but at least we're past it."}, {"start": "00:36:41", "end": "00:36:47", "text": "Coinbase having a good day up 5%. Robin Hood up 4%. It's a good start, but they"}, {"start": "00:36:47", "end": "00:36:54", "text": "both been oversold like crazy or just sold like crazy and"}, {"start": "00:36:54", "end": "00:37:03", "text": "now they're oversold. Like if you're looking at a 4 hour on hood, that's a really that's oversold level."}, {"start": "00:37:03", "end": "00:37:10", "text": "Uh you got Broadcom up like 8% today. Well, that's good. People are loading up"}, {"start": "00:37:10", "end": "00:37:16", "text": "on AI except like AMD is also up although they got a while to go. Nvidia"}, {"start": "00:37:16", "end": "00:37:22", "text": "still down. I people are just like idiots about Nvidia."}, {"start": "00:37:22", "end": "00:37:28", "text": "Micro Strategy up slightly but still way way down. A lot of FUD around strategy"}, {"start": "00:37:28", "end": "00:37:31", "text": "right now."}, {"start": "00:37:47", "end": "00:37:54", "text": "Nick says, \"Shoshi o shiohi era og should be a bit more grateful for the"}, {"start": "00:37:54", "end": "00:37:59", "text": "good fortune at least to treat community with respect by cashing out modest sums at a time.\" Yeah, I agree. Just like"}, {"start": "00:37:59", "end": "00:38:06", "text": "people that are clasholders. Okay, Clash is still holding very well"}, {"start": "00:38:06", "end": "00:38:11", "text": "despite the downturn. We're holding at 30 million. But yeah, every time we see"}, {"start": "00:38:11", "end": "00:38:17", "text": "like a like a early whale that got in when I first launched the project"}, {"start": "00:38:17", "end": "00:38:22", "text": "and uh you know if they want to cash out, yeah, do it like small sums, not"}, {"start": "00:38:22", "end": "00:38:29", "text": "like a large sell, which some people have no respect for and they try to disrupt the price, right? So, I have no"}, {"start": "00:38:29", "end": "00:38:34", "text": "I have no respect for those guys, but I do have"}, {"start": "00:38:34", "end": "00:38:41", "text": "respect for people that sell small if they need to. But for most part, the community is just staying strong and"}, {"start": "00:38:41", "end": "00:38:46", "text": "holding and our tournaments are getting better and better. This week, we're going to"}, {"start": "00:38:46", "end": "00:38:53", "text": "introduce or I'm going to introduce two tournaments despite it's Thanksgiving week. Um, I'm gonna introduce a"}, {"start": "00:38:53", "end": "00:38:59", "text": "tournament just for like the semi-pros and pros and I'm gonna try to get a good commentator to help with that and then I"}, {"start": "00:38:59", "end": "00:39:07", "text": "have our regular tournaments. We have so many new players now that are just so damn good at Clash Royale. So, we're go"}, {"start": "00:39:07", "end": "00:39:13", "text": "I'm going to separate them and I think it's going to be very entertaining to watch the pros battle out and also if we"}, {"start": "00:39:13", "end": "00:39:20", "text": "can get a good commentator to talk about it. Um, and then we're pushing forward."}, {"start": "00:39:20", "end": "00:39:26", "text": "Hopefully, Clash Picks will have more progress and be closer to completion by"}, {"start": "00:39:26", "end": "00:39:31", "text": "the end of this week, which is our prediction model, our prediction platform."}, {"start": "00:39:31", "end": "00:39:38", "text": "Um, and it's going to be huge. And our accounts page has been getting better"}, {"start": "00:39:38", "end": "00:39:44", "text": "with everything with signing up,"}, {"start": "00:39:44", "end": "00:39:49", "text": "tournaments, rewards, uh, giveaways,"}, {"start": "00:39:49", "end": "00:39:56", "text": "referrals, and, uh, I'm going to build in a lot of anti-cheing things into it, too. So"}, {"start": "00:39:56", "end": "00:40:04", "text": "anyways, I I went on a tangent about Clash because it's awesome and uh I'm going to drive this forward"}, {"start": "00:40:04", "end": "00:40:10", "text": "as much as I can. Waiting for that recovery. When Bitcoin recovers, when"}, {"start": "00:40:10", "end": "00:40:15", "text": "Soul recovers and we form a new high"}, {"start": "00:40:15", "end": "00:40:21", "text": "clash is going to the moon. And our Vegas party's coming up. I'm"}, {"start": "00:40:21", "end": "00:40:27", "text": "looking forward to that. Our biggest party is in Yeah. two weeks."}, {"start": "00:40:27", "end": "00:40:30", "text": "Two weeks."}, {"start": "00:41:08", "end": "00:41:14", "text": "What else is new? What else is new? Um, speaking of Vegas,"}, {"start": "00:41:14", "end": "00:41:19", "text": "there's like this escape room that's based around the movie It is supposed to"}, {"start": "00:41:19", "end": "00:41:26", "text": "be really damn good. Like one of the best escape rooms ever. Uh, but I've never watched the movie It."}, {"start": "00:41:26", "end": "00:41:33", "text": "So, I I decided to watch it with my uh with my kids. They're kind of"}, {"start": "00:41:33", "end": "00:41:40", "text": "freaked out by it, but um that's a weird ass movie. It"}, {"start": "00:41:40", "end": "00:41:45", "text": "And then now I'm watching It Too. And then they have some show on HBO about it"}, {"start": "00:41:45", "end": "00:41:53", "text": "that's supposed to be a prequel or something. Um, the whole premise of it just just"}, {"start": "00:41:53", "end": "00:41:59", "text": "weird. It's not really scary. It's just like a whole bunch of jump scares."}, {"start": "00:41:59", "end": "00:42:07", "text": "But I decide I I need to watch it because I don't know anything about it. Otherwise, that escape room wouldn't make any sense."}, {"start": "00:42:18", "end": "00:42:24", "text": "Prison Break, man. That's a good show. Old, very old, very"}, {"start": "00:42:24", "end": "00:42:31", "text": "good though. Just the first two, three seasons. Then it got really silly."}, {"start": "00:42:31", "end": "00:42:36", "text": "Okay. But the first I think the first two, three seasons were good and then it"}, {"start": "00:42:36", "end": "00:42:42", "text": "just lost his appeal. And most people don't realize it, but"}, {"start": "00:42:42", "end": "00:42:50", "text": "like when they ended the show, they actually came out with a movie that concluded, but it wasn't shown here in"}, {"start": "00:42:50", "end": "00:42:55", "text": "the US. So people don't even really know about the movie. But if you search on"}, {"start": "00:42:55", "end": "00:43:02", "text": "Amazon Prime or Netflix or somewhere, they actually show the movie and that's how the show"}, {"start": "00:43:02", "end": "00:43:07", "text": "uh properly ended. Wait, or was that before the final"}, {"start": "00:43:07", "end": "00:43:14", "text": "season? There was a there was a movie That was I think that was before the"}, {"start": "00:43:14", "end": "00:43:20", "text": "final season. Yeah, I think before season five started, they had a movie and then season five started and people"}, {"start": "00:43:20", "end": "00:43:26", "text": "were confused because there was things that they didn't show during the show and it"}, {"start": "00:43:26", "end": "00:43:32", "text": "was in that movie. Something like that. I forget. But there is a movie for Prison Break that shows a lot of"}, {"start": "00:43:32", "end": "00:43:36", "text": "critical things in there."}, {"start": "00:43:42", "end": "00:43:47", "text": "Yeah, I I told you guys about Three Body Problem on Netflix. If you like sci-fi,"}, {"start": "00:43:47", "end": "00:43:56", "text": "it's actually a really good It's a good show, but it ends really quick. There's only eight episodes."}, {"start": "00:43:56", "end": "00:44:01", "text": "Uh Rich Scott got the car seat installed SQ5, ready to take him out in the first"}, {"start": "00:44:01", "end": "00:44:08", "text": "ride in two weeks. Congrats. Congrats. Congrats on being a father."}, {"start": "00:44:08", "end": "00:44:14", "text": "It uh I don't think any man is ready to become a father. You kind of just wing"}, {"start": "00:44:14", "end": "00:44:20", "text": "it and then you you get, you know, you get used to it."}, {"start": "00:44:20", "end": "00:44:23", "text": "Um"}, {"start": "00:44:25", "end": "00:44:32", "text": "the only advice I would give to you is I'm assuming you're newly wed. I don't know how long you guys been"}, {"start": "00:44:32", "end": "00:44:38", "text": "together or how long you've been married. Um, the only advice I would give to you is"}, {"start": "00:44:38", "end": "00:44:43", "text": "this. When it comes to sharing responsibilities, think about all the things that you're"}, {"start": "00:44:43", "end": "00:44:49", "text": "doing is not for her. It's for the"}, {"start": "00:44:49", "end": "00:44:55", "text": "family, it's for your son. And if you could think about it that way, your"}, {"start": "00:44:55", "end": "00:45:01", "text": "marriage is going to last a lot longer and be happier. I think most guys don't"}, {"start": "00:45:01", "end": "00:45:06", "text": "think that way. It took me a long time to shift my thinking. A lot of guys when"}, {"start": "00:45:06", "end": "00:45:13", "text": "they do something, they think they're doing it as a favor for their wives"}, {"start": "00:45:13", "end": "00:45:20", "text": "and that creates resentment and it's just not it's not healthy. And that's"}, {"start": "00:45:20", "end": "00:45:26", "text": "why there's so many arguments and stuff like that because it's always seem like, oh, I'm doing it as a favor for you even"}, {"start": "00:45:26", "end": "00:45:33", "text": "though you're not saying it. So, if you could change your mindset and say, \"Hey, I'm doing this because I'm"}, {"start": "00:45:33", "end": "00:45:39", "text": "doing it for my son or I'm doing it for my family.\" That helps tremendously. And"}, {"start": "00:45:39", "end": "00:45:45", "text": "I think most guys don't do that. Don't realize that."}, {"start": "00:45:46", "end": "00:45:54", "text": "It took me a long time to finally truly understand that point."}, {"start": "00:46:01", "end": "00:46:07", "text": "It it really is because, you know, and I hate to just call out guys, but"}, {"start": "00:46:07", "end": "00:46:15", "text": "most guys are like that. Um, most guys think like, oh, you know, if the wife is usually the one doing dishes or let's"}, {"start": "00:46:15", "end": "00:46:22", "text": "say in your case, cleaning out bottles, right? And then she asked you to do it."}, {"start": "00:46:22", "end": "00:46:27", "text": "You know, most guys think, \"Okay, I'm yeah, I'll do it.\" But I'm like doing it as a favor for her because this is"}, {"start": "00:46:27", "end": "00:46:33", "text": "something that she's supposed to be doing for the kids, right? But"}, {"start": "00:46:33", "end": "00:46:39", "text": "that's not how it should be. If you're cleaning dishes or you're cleaning the bottles or you're feeding the baby or"}, {"start": "00:46:39", "end": "00:46:47", "text": "getting up in the middle of the night, you're doing it for your kid. You're doing it as a father for your kid, not"}, {"start": "00:46:47", "end": "00:46:54", "text": "that you're doing it for her to take care of your kid. That's the the mentality you need to"}, {"start": "00:46:54", "end": "00:47:00", "text": "have. And if you if you really truly believe in that, then you have no problems to take up responsibilities."}, {"start": "00:47:00", "end": "00:47:08", "text": "But if you always think that you're doing it for her, then there's always going to be problems"}, {"start": "00:47:08", "end": "00:47:14", "text": "because eventually it's going to lead to a lot of resentment. And especially if she works too, just like you, then"}, {"start": "00:47:14", "end": "00:47:20", "text": "you're putting double work on her. So just"}, {"start": "00:47:20", "end": "00:47:27", "text": "that's the best advice I could give to all guys in a marriage. just change your mindset. Unless it's"}, {"start": "00:47:27", "end": "00:47:33", "text": "overbearing and it's always one-sided, then it's a different story. And I I know people that's like that, too, where"}, {"start": "00:47:33", "end": "00:47:39", "text": "the guy does everything supposedly, you know, then that's a different story."}, {"start": "00:47:56", "end": "00:48:02", "text": "Unplug BK. We share dishwashing responsibility. We share protection responsibility. Someone breaks in the"}, {"start": "00:48:02", "end": "00:48:07", "text": "middle of the night, it's her turn to go deal with it. Yeah, that's true. How"}, {"start": "00:48:07", "end": "00:48:13", "text": "often do you deal with that? How often do you wake up at 3:00 a.m. to check on"}, {"start": "00:48:13", "end": "00:48:20", "text": "something? You know, you could use that as excuse. she could also just wake up and call 911"}, {"start": "00:48:20", "end": "00:48:23", "text": "like a normal person,"}, {"start": "00:48:25", "end": "00:48:31", "text": "right? You can't just use that as an excuse. Of course, as a man, you're supposed to be a protector and a"}, {"start": "00:48:31", "end": "00:48:37", "text": "provider, but you can't just say, \"Well, on off chance that someone breaks in a house and I risk my life to go protect"}, {"start": "00:48:37", "end": "00:48:43", "text": "my family.\" That somehow that overcomes or makes up for all the other duties"}, {"start": "00:48:43", "end": "00:48:48", "text": "that you don't do on a daily basis. That's not a solid,"}, {"start": "00:48:48", "end": "00:48:51", "text": "you know, excuse."}, {"start": "00:49:04", "end": "00:49:10", "text": "Oh, I know I'm preaching something different, but this this is just something that's one of the most"}, {"start": "00:49:10", "end": "00:49:16", "text": "valuable things that I've learned with age."}, {"start": "00:49:16", "end": "00:49:23", "text": "Um, and I mo I think most young dads, most people in a new marriage or haven't been"}, {"start": "00:49:23", "end": "00:49:30", "text": "married before, if you've been remar if you've been married before, you're remarrying, okay, this different story, but this is your first marriage,"}, {"start": "00:49:30", "end": "00:49:37", "text": "that's really the number one thing that will affect your relationship long term."}, {"start": "00:49:44", "end": "00:49:49", "text": "Canada telling us to just let home intruders in."}, {"start": "00:49:50", "end": "00:49:56", "text": "I don't know what's going on with Canada. There are a lot of people in here that's always bashing Canada and"}, {"start": "00:49:56", "end": "00:50:02", "text": "then when I join in on that just for fun, people get offended. I don't know what's going on with Canada to be"}, {"start": "00:50:02", "end": "00:50:08", "text": "honest. I don't know what's going on with the new prime minister. I don't know about there's like any new rules. I"}, {"start": "00:50:08", "end": "00:50:16", "text": "hear a lot of I don't know what I hear from Canada. I"}, {"start": "00:50:16", "end": "00:50:19", "text": "don't"}, {"start": "00:50:42", "end": "00:50:48", "text": "All the comments are about how Canada"}, {"start": "00:50:48", "end": "00:50:54", "text": "is really woke, is lost, it's effed, it's cooked."}, {"start": "00:50:54", "end": "00:51:02", "text": "People really hate Canada. Is it a good time to accumulate Bitcoin?"}, {"start": "00:51:02", "end": "00:51:09", "text": "Okay, first of all, don't at me, but I appreciate how you wanted to divert the the conversation. Uh if there's nothing"}, {"start": "00:51:09", "end": "00:51:15", "text": "else I say that you could believe in or you believe in at all, uh just believe"}, {"start": "00:51:15", "end": "00:51:21", "text": "in this. Bitcoin is as oversold as the bottom of"}, {"start": "00:51:21", "end": "00:51:29", "text": "the last two crypto winters and that COVID dip."}, {"start": "00:51:29", "end": "00:51:36", "text": "So you do with this information as you please. For me it shows that this is definitely"}, {"start": "00:51:36", "end": "00:51:45", "text": "not time to continue to sell to panic sell. This is time to hold"}, {"start": "00:51:45", "end": "00:51:51", "text": "steady and to buy and accumulate. This is one of those lifetime opportunities"}, {"start": "00:51:51", "end": "00:51:59", "text": "where you can make generational wealth, financial or attain financial freedom."}, {"start": "00:51:59", "end": "00:52:03", "text": "So just contra this chart."}, {"start": "00:52:09", "end": "00:52:14", "text": "We're at an oversold level that's equal to the bottom of the last two crypto"}, {"start": "00:52:14", "end": "00:52:20", "text": "winters. Take a second to think about that. The bottoms of the last two crypto"}, {"start": "00:52:20", "end": "00:52:23", "text": "winters."}, {"start": "00:52:28", "end": "00:52:38", "text": "A Baron says, \"Been married 40 years. We share all things 50/50.\" Congrats. Congrats. That's the way to a happy long"}, {"start": "00:52:38", "end": "00:52:43", "text": "marriage. Uh, I just watched this show."}, {"start": "00:52:43", "end": "00:52:49", "text": "Uh, this is Oh, this is actually a decent show. It's a little"}, {"start": "00:52:49", "end": "00:52:58", "text": "I think it's more geared toward like women, but on uh Peacock, there's a show called All Her Fault."}, {"start": "00:52:58", "end": "00:53:05", "text": "I think it's All Your All Her Fault. It's like number one show on Peacock streaming service. Um,"}, {"start": "00:53:05", "end": "00:53:10", "text": "and it's about this kid getting kidnapped and they're trying to solve"}, {"start": "00:53:10", "end": "00:53:18", "text": "trying to solve it. But, uh, yeah, they portray one of the"}, {"start": "00:53:18", "end": "00:53:25", "text": "husbands in there just like how I'm describing it. When he's watching the kid,"}, {"start": "00:53:25", "end": "00:53:32", "text": "he always wants to get out of it really fast. And I think we we're all like,"}, {"start": "00:53:32", "end": "00:53:38", "text": "you know, guilty of that, right? And the guys are always looking for free time,"}, {"start": "00:53:38", "end": "00:53:47", "text": "you know, to do their own thing, get away from the family while the wife is always responsible to watch the kid at"}, {"start": "00:53:47", "end": "00:53:54", "text": "all times and do all the kids activities and this and that. And uh it's just"}, {"start": "00:53:54", "end": "00:54:01", "text": "after watching it, I'm like, damn, I this how I used to be. that I I really regret it. And I really regret that I"}, {"start": "00:54:01", "end": "00:54:06", "text": "didn't spend a lot more time with my kids when they were younger and doing,"}, {"start": "00:54:06", "end": "00:54:11", "text": "you know, their cute things like going to the park or, you know, doing their"}, {"start": "00:54:11", "end": "00:54:17", "text": "little classes or sports and stuff. Everyone has those regrets, but I think"}, {"start": "00:54:17", "end": "00:54:22", "text": "for like a lot of dads, it's it's a lot worse"}, {"start": "00:54:23", "end": "00:54:30", "text": "because at the time, you just want to do your own thing, right? Especially now, people want to do their own thing and go"}, {"start": "00:54:30", "end": "00:54:36", "text": "hang out or travel or get on their Tik Toks or whatever or watch their shows,"}, {"start": "00:54:36", "end": "00:54:45", "text": "you know, but later on you realize, man, that was that was a mistake. I should have spent more time with my kids."}, {"start": "00:54:48", "end": "00:54:55", "text": "Yeah, that's how I feel. Someone says XRP is pumping."}, {"start": "00:54:55", "end": "00:55:00", "text": "I'm I'm not sure that's uh exactly true, but it's not going down either. It's"}, {"start": "00:55:00", "end": "00:55:04", "text": "holding above $2."}, {"start": "00:55:10", "end": "00:55:16", "text": "Uh Joshua asks, \"What are your thoughts on ZKP zero proof? Zero knowledge"}, {"start": "00:55:16", "end": "00:55:22", "text": "proof.\" It's fine. It's not like something I"}, {"start": "00:55:22", "end": "00:55:27", "text": "really think about. ZK technology has been around for a long time and you can"}, {"start": "00:55:27", "end": "00:55:35", "text": "do a lot with it. You can make things faster, you can make things more private."}, {"start": "00:55:35", "end": "00:55:43", "text": "Um, some chains are adopting it. You know, that's that's really it."}, {"start": "00:55:56", "end": "00:56:02", "text": "ZK ZK for"}, {"start": "00:56:07", "end": "00:56:12", "text": "Astro. You're welcome. Thank you for that. All right,"}, {"start": "00:56:12", "end": "00:56:21", "text": "that's it, guys. Overall, this is not time. Okay. To be panicking."}, {"start": "00:56:21", "end": "00:56:28", "text": "We have a lot of FUD. FUD all around from JP Morgan especially"}, {"start": "00:56:28", "end": "00:56:35", "text": "from Micro Strategy, from Black Rockck, from you take your pick. Okay. But"}, {"start": "00:56:35", "end": "00:56:43", "text": "bottom line is this. We are as oversold as the last two crypto winters."}, {"start": "00:56:43", "end": "00:56:51", "text": "We haven't seen this kind of short-term selling possibly forever."}, {"start": "00:56:51", "end": "00:56:57", "text": "So, this is the time to stay levelheaded, coolheaded. Do not panic"}, {"start": "00:56:57", "end": "00:57:02", "text": "and continue to hold on DCA. We will turn around."}, {"start": "00:57:02", "end": "00:57:08", "text": "That is a certainty. You just have to be patient. All right, smash up the like,"}, {"start": "00:57:08", "end": "00:57:13", "text": "subscribe to the channel. I'll see you guys tonight. Take care, guys."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Welcome back to another Sunday walk"}, {"start": "00:00:02", "end": "00:00:05", "text": "video. It's actually pretty nice today,"}, {"start": "00:00:05", "end": "00:00:07", "text": "although I'm walking very early before"}, {"start": "00:00:07", "end": "00:00:10", "text": "the sun goes down. But it is warmer and"}, {"start": "00:00:10", "end": "00:00:12", "text": "sunny."}, {"start": "00:00:12", "end": "00:00:15", "text": "But the main point of today is to talk"}, {"start": "00:00:15", "end": "00:00:17", "text": "about whether or not it's going to be"}, {"start": "00:00:17", "end": "00:00:19", "text": "sunny this week, whether it's going to"}, {"start": "00:00:19", "end": "00:00:22", "text": "be better. Last week was all doom and"}, {"start": "00:00:22", "end": "00:00:25", "text": "gloom, and it was not a good week. So,"}, {"start": "00:00:25", "end": "00:00:28", "text": "are we going to see a better week"}, {"start": "00:00:28", "end": "00:00:30", "text": "this week?"}, {"start": "00:00:30", "end": "00:00:33", "text": "Let's talk about it. So, the number one"}, {"start": "00:00:33", "end": "00:00:36", "text": "question, of course, is why everything"}, {"start": "00:00:36", "end": "00:00:40", "text": "went down last week, why it was so bad,"}, {"start": "00:00:40", "end": "00:00:43", "text": "why Bitcoin and crypto sold off, why"}, {"start": "00:00:43", "end": "00:00:46", "text": "tech and risk on assets sold off too,"}, {"start": "00:00:46", "end": "00:00:49", "text": "why everything went down last week."}, {"start": "00:00:49", "end": "00:00:53", "text": "The obvious answer is overreaction."}, {"start": "00:00:53", "end": "00:00:56", "text": "Okay, it happens every single time."}, {"start": "00:00:56", "end": "00:00:59", "text": "Whenever you have a compounding,"}, {"start": "00:00:59", "end": "00:01:02", "text": "I don't know, a period of compounding"}, {"start": "00:01:02", "end": "00:01:06", "text": "fear, it just adds up. Wall Street panic"}, {"start": "00:01:06", "end": "00:01:09", "text": "cells, retail panic cells, everyone"}, {"start": "00:01:09", "end": "00:01:13", "text": "panic selling, right? But that's when we"}, {"start": "00:01:13", "end": "00:01:16", "text": "normally turn back up and when the big"}, {"start": "00:01:16", "end": "00:01:18", "text": "boys and institutions and whales start"}, {"start": "00:01:18", "end": "00:01:21", "text": "loading up and we have seen that."}, {"start": "00:01:21", "end": "00:01:25", "text": "But what caused all the panic last week?"}, {"start": "00:01:25", "end": "00:01:28", "text": "Well, it's really due to"}, {"start": "00:01:28", "end": "00:01:31", "text": "the economy and rate cuts. Whether we're"}, {"start": "00:01:31", "end": "00:01:33", "text": "going to get any more at all, it really"}, {"start": "00:01:33", "end": "00:01:36", "text": "comes down to that. I think a lot of"}, {"start": "00:01:36", "end": "00:01:37", "text": "people are just very fearful about the"}, {"start": "00:01:37", "end": "00:01:41", "text": "economy right now and they want to know"}, {"start": "00:01:41", "end": "00:01:45", "text": "that things are going to get better."}, {"start": "00:01:45", "end": "00:01:47", "text": "And last week"}, {"start": "00:01:47", "end": "00:01:50", "text": "the percentage for a rate cut in"}, {"start": "00:01:50", "end": "00:01:53", "text": "December dropped below 50%. It actually"}, {"start": "00:01:53", "end": "00:01:56", "text": "went to like 30 something% at one point"}, {"start": "00:01:56", "end": "00:01:58", "text": "which is no good."}, {"start": "00:01:58", "end": "00:01:59", "text": "So whenever that happens there's this"}, {"start": "00:01:59", "end": "00:02:03", "text": "like fear of okay"}, {"start": "00:02:03", "end": "00:02:06", "text": "economic tightening may be happening. uh"}, {"start": "00:02:06", "end": "00:02:08", "text": "we're not going to get the liquidity"}, {"start": "00:02:08", "end": "00:02:12", "text": "flowing and it's time to switch from"}, {"start": "00:02:12", "end": "00:02:16", "text": "risk on assets to risk off assets."}, {"start": "00:02:16", "end": "00:02:18", "text": "Right? So"}, {"start": "00:02:18", "end": "00:02:22", "text": "that primarily came from last month"}, {"start": "00:02:22", "end": "00:02:23", "text": "because pal said don't be so certain"}, {"start": "00:02:23", "end": "00:02:25", "text": "that there's going to be a rate cut in"}, {"start": "00:02:25", "end": "00:02:27", "text": "October. And also last week we got a"}, {"start": "00:02:27", "end": "00:02:32", "text": "mixed jobs report, severely delayed one,"}, {"start": "00:02:32", "end": "00:02:34", "text": "showing numbers from September, not"}, {"start": "00:02:34", "end": "00:02:36", "text": "October. And September numbers showed"}, {"start": "00:02:36", "end": "00:02:38", "text": "that we added a little bit more jobs"}, {"start": "00:02:38", "end": "00:02:40", "text": "than anticipated."}, {"start": "00:02:40", "end": "00:02:43", "text": "So that scared people. That scared Wall"}, {"start": "00:02:43", "end": "00:02:45", "text": "Street because if we added more jobs,"}, {"start": "00:02:45", "end": "00:02:49", "text": "then that means again less incentive for"}, {"start": "00:02:49", "end": "00:02:52", "text": "the Fed to cut."}, {"start": "00:02:52", "end": "00:02:55", "text": "So after that came out, I remember that"}, {"start": "00:02:55", "end": "00:02:57", "text": "day it was kind of like a fake out day."}, {"start": "00:02:57", "end": "00:02:59", "text": "That day the market started out green"}, {"start": "00:02:59", "end": "00:03:02", "text": "and then dumped hard"}, {"start": "00:03:02", "end": "00:03:05", "text": "hard."}, {"start": "00:03:05", "end": "00:03:08", "text": "But the thing is people had to realize"}, {"start": "00:03:08", "end": "00:03:10", "text": "even with that unemployment still ticked"}, {"start": "00:03:10", "end": "00:03:12", "text": "up which means that just because that"}, {"start": "00:03:12", "end": "00:03:14", "text": "month we added a little bit more jobs"}, {"start": "00:03:14", "end": "00:03:18", "text": "than anticipated overall"}, {"start": "00:03:18", "end": "00:03:20", "text": "the net outcome is we're still losing"}, {"start": "00:03:20", "end": "00:03:22", "text": "more jobs and we're gaining otherwise"}, {"start": "00:03:22", "end": "00:03:25", "text": "unemployment wouldn't be going up. And"}, {"start": "00:03:25", "end": "00:03:28", "text": "also what people missed is that jobs"}, {"start": "00:03:28", "end": "00:03:30", "text": "report showed that in August they had to"}, {"start": "00:03:30", "end": "00:03:35", "text": "revised a number of jobs down and"}, {"start": "00:03:35", "end": "00:03:37", "text": "that was September not October. So"}, {"start": "00:03:37", "end": "00:03:38", "text": "October could have been a different"}, {"start": "00:03:38", "end": "00:03:41", "text": "story and October could have revised"}, {"start": "00:03:41", "end": "00:03:44", "text": "September down but again we may never"}, {"start": "00:03:44", "end": "00:03:46", "text": "get it"}, {"start": "00:03:46", "end": "00:03:48", "text": "because of the government shutdown."}, {"start": "00:03:48", "end": "00:03:50", "text": "Right? So I think people missed out on a"}, {"start": "00:03:50", "end": "00:03:52", "text": "few important details. They just didn't"}, {"start": "00:03:52", "end": "00:03:55", "text": "it just it didn't matter. I guess again"}, {"start": "00:03:55", "end": "00:03:56", "text": "like I said when there's like so much"}, {"start": "00:03:56", "end": "00:04:00", "text": "fear everyone just sells. So Wall Street"}, {"start": "00:04:00", "end": "00:04:03", "text": "was like oh man"}, {"start": "00:04:03", "end": "00:04:05", "text": "we better sell risk on assets. That's"}, {"start": "00:04:05", "end": "00:04:07", "text": "why even with Nvidia having a terrific"}, {"start": "00:04:07", "end": "00:04:09", "text": "earnings dumped all these companies"}, {"start": "00:04:09", "end": "00:04:13", "text": "started dumping and Bitcoin crypto also"}, {"start": "00:04:13", "end": "00:04:15", "text": "dumped."}, {"start": "00:04:15", "end": "00:04:16", "text": "Okay. So this was one of the major"}, {"start": "00:04:16", "end": "00:04:18", "text": "factors,"}, {"start": "00:04:18", "end": "00:04:20", "text": "but"}, {"start": "00:04:20", "end": "00:04:22", "text": "things change around a little bit"}, {"start": "00:04:22", "end": "00:04:24", "text": "slightly"}, {"start": "00:04:24", "end": "00:04:27", "text": "because we had a Fed president come out"}, {"start": "00:04:27", "end": "00:04:31", "text": "with some real sense saying, um, hey,"}, {"start": "00:04:31", "end": "00:04:33", "text": "you know what? I I don't care what the"}, {"start": "00:04:33", "end": "00:04:36", "text": "numbers say. I'm for a cut in December"}, {"start": "00:04:36", "end": "00:04:39", "text": "because I'm here to save jobs. I don't"}, {"start": "00:04:39", "end": "00:04:41", "text": "care about inflation. I care about"}, {"start": "00:04:41", "end": "00:04:44", "text": "saving jobs. That is the right message."}, {"start": "00:04:44", "end": "00:04:45", "text": "That's the message that Pal said before"}, {"start": "00:04:45", "end": "00:04:48", "text": "too. And after that, the percentage of"}, {"start": "00:04:48", "end": "00:04:51", "text": "Ray cut went from like 30s to now like"}, {"start": "00:04:51", "end": "00:04:53", "text": "70."}, {"start": "00:04:53", "end": "00:04:56", "text": "So that definitely kind of"}, {"start": "00:04:56", "end": "00:04:58", "text": "set the tone, right? Pal should be"}, {"start": "00:04:58", "end": "00:05:00", "text": "saying this, but now we're letting all"}, {"start": "00:05:00", "end": "00:05:02", "text": "these other Fed governors like lead the"}, {"start": "00:05:02", "end": "00:05:05", "text": "way."}, {"start": "00:05:05", "end": "00:05:09", "text": "So that did change. And again, now that"}, {"start": "00:05:09", "end": "00:05:11", "text": "we're getting more economic data, we'll"}, {"start": "00:05:11", "end": "00:05:14", "text": "see what happens. This week is going to"}, {"start": "00:05:14", "end": "00:05:16", "text": "be a light volume week because of"}, {"start": "00:05:16", "end": "00:05:19", "text": "Thanksgiving for those of us in the US"}, {"start": "00:05:19", "end": "00:05:24", "text": "um and Black Friday, but we do get some"}, {"start": "00:05:24", "end": "00:05:27", "text": "inflation reading on I think Tuesday or"}, {"start": "00:05:27", "end": "00:05:30", "text": "Wednesday PPI. And I'm not sure if it's"}, {"start": "00:05:30", "end": "00:05:32", "text": "for September, October, but we're going"}, {"start": "00:05:32", "end": "00:05:33", "text": "to get it. We're going to start getting"}, {"start": "00:05:33", "end": "00:05:35", "text": "more data, right? And if the data"}, {"start": "00:05:35", "end": "00:05:39", "text": "continues to show that jobs are"}, {"start": "00:05:39", "end": "00:05:42", "text": "suffering and or inflation"}, {"start": "00:05:42", "end": "00:05:45", "text": "is getting a little bit better or not"}, {"start": "00:05:45", "end": "00:05:48", "text": "going upwards, then"}, {"start": "00:05:48", "end": "00:05:50", "text": "it's going to be good. We're going to"}, {"start": "00:05:50", "end": "00:05:55", "text": "get this shift back from risk off assets"}, {"start": "00:05:55", "end": "00:06:00", "text": "to risk assets. Okay? So, we'll see this"}, {"start": "00:06:00", "end": "00:06:05", "text": "week. Also, like I said, I think there"}, {"start": "00:06:05", "end": "00:06:09", "text": "was just the over panic, a lot of panic"}, {"start": "00:06:09", "end": "00:06:11", "text": "and caused a lot of people to sell,"}, {"start": "00:06:11", "end": "00:06:15", "text": "right? ETF outflows pretty negative."}, {"start": "00:06:15", "end": "00:06:17", "text": "That could certainly turn around again."}, {"start": "00:06:17", "end": "00:06:20", "text": "If Wall Street realizes, okay, we made a"}, {"start": "00:06:20", "end": "00:06:22", "text": "mistake and there will be rate cuts"}, {"start": "00:06:22", "end": "00:06:24", "text": "coming not only in December, but in"}, {"start": "00:06:24", "end": "00:06:26", "text": "2026, we better buy back. Well, the ETF"}, {"start": "00:06:26", "end": "00:06:29", "text": "inflows could start of course turn back"}, {"start": "00:06:29", "end": "00:06:31", "text": "to green very positive and that could"}, {"start": "00:06:31", "end": "00:06:35", "text": "turn things around. But also last week"}, {"start": "00:06:35", "end": "00:06:38", "text": "it came out that be beyond all this Tom"}, {"start": "00:06:38", "end": "00:06:42", "text": "Lee came out in a very bold interview"}, {"start": "00:06:42", "end": "00:06:44", "text": "and said you know what I think a lot of"}, {"start": "00:06:44", "end": "00:06:46", "text": "what's happening with Bitcoin crypto is"}, {"start": "00:06:46", "end": "00:06:49", "text": "related to this one market maker aka"}, {"start": "00:06:49", "end": "00:06:53", "text": "exchange that has a big hole to get to"}, {"start": "00:06:53", "end": "00:06:55", "text": "fill"}, {"start": "00:06:55", "end": "00:06:58", "text": "and it's in their best interest to keep"}, {"start": "00:06:58", "end": "00:07:02", "text": "prices low to keep volatility high so"}, {"start": "00:07:02", "end": "00:07:04", "text": "they can minimize ize the damage and"}, {"start": "00:07:04", "end": "00:07:08", "text": "make money to fill that hole."}, {"start": "00:07:08", "end": "00:07:10", "text": "Very interesting. He didn't want to name"}, {"start": "00:07:10", "end": "00:07:12", "text": "drop, but again, I think most of you"}, {"start": "00:07:12", "end": "00:07:14", "text": "guys know who that is."}, {"start": "00:07:14", "end": "00:07:18", "text": "And it makes a lot of sense,"}, {"start": "00:07:18", "end": "00:07:20", "text": "you know. And he says, \"Last time this"}, {"start": "00:07:20", "end": "00:07:22", "text": "happened, like after FTS clap, it took"}, {"start": "00:07:22", "end": "00:07:25", "text": "about 8 weeks for us to kind of recover"}, {"start": "00:07:25", "end": "00:07:28", "text": "from that.\""}, {"start": "00:07:28", "end": "00:07:31", "text": "And we're entering the seventh week,"}, {"start": "00:07:31", "end": "00:07:33", "text": "right? So it doesn't have to be eight,"}, {"start": "00:07:33", "end": "00:07:38", "text": "but it's about the same time for it."}, {"start": "00:07:39", "end": "00:07:44", "text": "So that also"}, {"start": "00:07:44", "end": "00:07:46", "text": "makes a lot of sense, right? Again,"}, {"start": "00:07:46", "end": "00:07:48", "text": "speculation,"}, {"start": "00:07:48", "end": "00:07:50", "text": "but"}, {"start": "00:07:50", "end": "00:07:53", "text": "who knows? Who knows? I I've always"}, {"start": "00:07:53", "end": "00:07:55", "text": "suspected that"}, {"start": "00:07:55", "end": "00:07:57", "text": "the market"}, {"start": "00:07:57", "end": "00:08:00", "text": "was being held down by someone, some"}, {"start": "00:08:00", "end": "00:08:04", "text": "entity, some some cabal, some group,"}, {"start": "00:08:04", "end": "00:08:05", "text": "right? Because a lot of our movements"}, {"start": "00:08:05", "end": "00:08:07", "text": "for the last month didn't make a whole"}, {"start": "00:08:07", "end": "00:08:09", "text": "lot of sense."}, {"start": "00:08:09", "end": "00:08:12", "text": "This makes sense. Again, doesn't mean"}, {"start": "00:08:12", "end": "00:08:14", "text": "that it has to be from this one market"}, {"start": "00:08:14", "end": "00:08:17", "text": "maker AK exchange. It could be multiple,"}, {"start": "00:08:17", "end": "00:08:21", "text": "but still it does make a lot of sense."}, {"start": "00:08:21", "end": "00:08:23", "text": "But eventually we'll get past it. They"}, {"start": "00:08:23", "end": "00:08:26", "text": "will fill their hole or go belly up."}, {"start": "00:08:26", "end": "00:08:28", "text": "Hopefully not the ladder because that"}, {"start": "00:08:28", "end": "00:08:33", "text": "would be way worse than FTX. Um"}, {"start": "00:08:33", "end": "00:08:36", "text": "but yeah, that has to come, you know,"}, {"start": "00:08:36", "end": "00:08:39", "text": "that has to conclude someday. And last"}, {"start": "00:08:39", "end": "00:08:41", "text": "week also, surprising, we had this one"}, {"start": "00:08:41", "end": "00:08:43", "text": "big whale. people who know who he is,"}, {"start": "00:08:43", "end": "00:08:46", "text": "some OG guy. I don't know what his"}, {"start": "00:08:46", "end": "00:08:50", "text": "involvement with Bitcoin was or if he"}, {"start": "00:08:50", "end": "00:08:52", "text": "had any other than just buying early,"}, {"start": "00:08:52", "end": "00:08:55", "text": "but he dumped $1.4 billion to Bitcoin"}, {"start": "00:08:55", "end": "00:08:58", "text": "last few weeks."}, {"start": "00:08:58", "end": "00:09:00", "text": "No idea why. He just started doing it."}, {"start": "00:09:00", "end": "00:09:04", "text": "The last of his holdings, it was like"}, {"start": "00:09:04", "end": "00:09:06", "text": "300 million, 200, 300 million was"}, {"start": "00:09:06", "end": "00:09:08", "text": "dumped."}, {"start": "00:09:08", "end": "00:09:12", "text": "So, obviously that didn't help. Maybe he"}, {"start": "00:09:12", "end": "00:09:13", "text": "did it on purpose. Maybe there's"}, {"start": "00:09:13", "end": "00:09:14", "text": "something he didn't like. Or maybe he"}, {"start": "00:09:14", "end": "00:09:16", "text": "did it on purpose to affect things."}, {"start": "00:09:16", "end": "00:09:17", "text": "Maybe he has a large short position"}, {"start": "00:09:17", "end": "00:09:20", "text": "open. Who knows? But that definitely"}, {"start": "00:09:20", "end": "00:09:23", "text": "didn't help when, you know, the market"}, {"start": "00:09:23", "end": "00:09:25", "text": "struggling already and then you have"}, {"start": "00:09:25", "end": "00:09:28", "text": "this guy dumping over a billion dollars"}, {"start": "00:09:28", "end": "00:09:31", "text": "worth of Bitcoin, right?"}, {"start": "00:09:31", "end": "00:09:34", "text": "But that has concluded."}, {"start": "00:09:34", "end": "00:09:37", "text": "So, a lot of stuff that happened last"}, {"start": "00:09:37", "end": "00:09:38", "text": "week."}, {"start": "00:09:38", "end": "00:09:42", "text": "Just a combination of things"}, {"start": "00:09:42", "end": "00:09:46", "text": "and uh just a giant overreaction."}, {"start": "00:09:46", "end": "00:09:47", "text": "Right. As I'm filming this right now,"}, {"start": "00:09:47", "end": "00:09:50", "text": "Bitcoin's back up to about 87,000, which"}, {"start": "00:09:50", "end": "00:09:52", "text": "is great. That was the support level a"}, {"start": "00:09:52", "end": "00:09:54", "text": "lot of people thought that Bitcoin was"}, {"start": "00:09:54", "end": "00:09:56", "text": "going to drop to. We broke below, but"}, {"start": "00:09:56", "end": "00:09:59", "text": "now we quickly bounced above."}, {"start": "00:09:59", "end": "00:10:01", "text": "So, if we could hold above 87, continue"}, {"start": "00:10:01", "end": "00:10:03", "text": "to build off of this this week,"}, {"start": "00:10:03", "end": "00:10:06", "text": "fantastic. We're still seeing,"}, {"start": "00:10:06", "end": "00:10:09", "text": "a lot of people"}, {"start": "00:10:09", "end": "00:10:11", "text": "stay hopeful. I know I mentioned in my"}, {"start": "00:10:11", "end": "00:10:13", "text": "streams that, yeah, a lot of people have"}, {"start": "00:10:13", "end": "00:10:15", "text": "turned bearish and negative, and that is"}, {"start": "00:10:15", "end": "00:10:16", "text": "true. A lot of people calling for a bare"}, {"start": "00:10:16", "end": "00:10:19", "text": "market and this and that. But the good"}, {"start": "00:10:19", "end": "00:10:22", "text": "thing is what I've noticed is a lot of"}, {"start": "00:10:22", "end": "00:10:25", "text": "people staying"}, {"start": "00:10:25", "end": "00:10:28", "text": "positive, bullish. A lot of people,"}, {"start": "00:10:28", "end": "00:10:30", "text": "especially in my community and in"}, {"start": "00:10:30", "end": "00:10:33", "text": "Discord, I see"}, {"start": "00:10:33", "end": "00:10:36", "text": "are thinking that this is temporary"}, {"start": "00:10:36", "end": "00:10:38", "text": "and we will bounce back. We'll have some"}, {"start": "00:10:38", "end": "00:10:40", "text": "kind of rally and if not, we're just"}, {"start": "00:10:40", "end": "00:10:42", "text": "going to continue on in 2026. And that's"}, {"start": "00:10:42", "end": "00:10:44", "text": "what I've been saying"}, {"start": "00:10:44", "end": "00:10:46", "text": "throughout this year. I'm like, there's"}, {"start": "00:10:46", "end": "00:10:47", "text": "more and more evidence that we're not"}, {"start": "00:10:47", "end": "00:10:49", "text": "just going to enter crypto winter, that"}, {"start": "00:10:49", "end": "00:10:52", "text": "we will continue after"}, {"start": "00:10:52", "end": "00:10:55", "text": "December, right? But we can't be sure"}, {"start": "00:10:55", "end": "00:10:57", "text": "until we enter it."}, {"start": "00:10:57", "end": "00:11:00", "text": "But, you know, we don't have to wait too"}, {"start": "00:11:00", "end": "00:11:03", "text": "much longer to see."}, {"start": "00:11:03", "end": "00:11:06", "text": "There's just too much"}, {"start": "00:11:06", "end": "00:11:08", "text": "There's too much like good things"}, {"start": "00:11:08", "end": "00:11:11", "text": "happening. The fundamentals are too"}, {"start": "00:11:11", "end": "00:11:12", "text": "great"}, {"start": "00:11:12", "end": "00:11:14", "text": "for us to just collapse in crypto"}, {"start": "00:11:14", "end": "00:11:16", "text": "winter."}, {"start": "00:11:16", "end": "00:11:18", "text": "Some won't believe that, but I truly"}, {"start": "00:11:18", "end": "00:11:21", "text": "believe that. And I and my point is"}, {"start": "00:11:21", "end": "00:11:23", "text": "because so many people also believe"}, {"start": "00:11:23", "end": "00:11:25", "text": "this,"}, {"start": "00:11:25", "end": "00:11:28", "text": "that's a really good sign that we're not"}, {"start": "00:11:28", "end": "00:11:30", "text": "just going to fall into crypto winter"}, {"start": "00:11:30", "end": "00:11:32", "text": "because there are still a lot of hopeful"}, {"start": "00:11:32", "end": "00:11:34", "text": "people, a lot of people that are"}, {"start": "00:11:34", "end": "00:11:38", "text": "dinging. And that's what we want."}, {"start": "00:11:38", "end": "00:11:42", "text": "That's what we want."}, {"start": "00:11:44", "end": "00:11:47", "text": "All right."}, {"start": "00:11:47", "end": "00:11:50", "text": "He's dead."}, {"start": "00:11:53", "end": "00:11:57", "text": "So overall very positive."}, {"start": "00:11:57", "end": "00:12:00", "text": "A lot of really"}, {"start": "00:12:00", "end": "00:12:02", "text": "diamond-handed people in the community"}, {"start": "00:12:02", "end": "00:12:04", "text": "and that is awesome. As long as we have"}, {"start": "00:12:04", "end": "00:12:06", "text": "them"}, {"start": "00:12:06", "end": "00:12:10", "text": "and we don't"}, {"start": "00:12:10", "end": "00:12:12", "text": "Well, let me take that back. As long as"}, {"start": "00:12:12", "end": "00:12:15", "text": "we have true believers"}, {"start": "00:12:15", "end": "00:12:17", "text": "and the fundamentals are still"}, {"start": "00:12:17", "end": "00:12:19", "text": "improving,"}, {"start": "00:12:19", "end": "00:12:23", "text": "meaning that we still have"}, {"start": "00:12:23", "end": "00:12:26", "text": "growing metrics, we still have great"}, {"start": "00:12:26", "end": "00:12:29", "text": "adoption and we still have the miners"}, {"start": "00:12:29", "end": "00:12:34", "text": "that continue to support the network."}, {"start": "00:12:34", "end": "00:12:37", "text": "There's nothing stopping Bitcoin from"}, {"start": "00:12:37", "end": "00:12:39", "text": "recovering back up and moving forward"}, {"start": "00:12:39", "end": "00:12:44", "text": "into 2026. Now the fundamentals start"}, {"start": "00:12:44", "end": "00:12:47", "text": "changing and getting worse. We start"}, {"start": "00:12:47", "end": "00:12:50", "text": "seeing miners sell off because for"}, {"start": "00:12:50", "end": "00:12:53", "text": "example it's very unprofitable for them"}, {"start": "00:12:53", "end": "00:12:56", "text": "or we see like institutions"}, {"start": "00:12:56", "end": "00:13:00", "text": "sell off hard because they don't believe"}, {"start": "00:13:00", "end": "00:13:03", "text": "anymore they need to"}, {"start": "00:13:03", "end": "00:13:06", "text": "sailor needing to sell because of micro"}, {"start": "00:13:06", "end": "00:13:08", "text": "strategy."}, {"start": "00:13:08", "end": "00:13:11", "text": "uh things like this or really long-term"}, {"start": "00:13:11", "end": "00:13:13", "text": "holders all starting to dump because"}, {"start": "00:13:13", "end": "00:13:16", "text": "they have lost faith. You know, like if"}, {"start": "00:13:16", "end": "00:13:19", "text": "the fundamentals really change"}, {"start": "00:13:19", "end": "00:13:20", "text": "drastically,"}, {"start": "00:13:20", "end": "00:13:22", "text": "then yeah, we can fall into crypto"}, {"start": "00:13:22", "end": "00:13:24", "text": "winter. But that's not what's happening"}, {"start": "00:13:24", "end": "00:13:26", "text": "right now. The fundamentals are still"}, {"start": "00:13:26", "end": "00:13:29", "text": "great."}, {"start": "00:13:29", "end": "00:13:31", "text": "So, I'm staying strong. Hopefully, you"}, {"start": "00:13:31", "end": "00:13:32", "text": "guys are staying strong. And this week,"}, {"start": "00:13:32", "end": "00:13:34", "text": "we could definitely see a turnaround."}, {"start": "00:13:34", "end": "00:13:37", "text": "the last week of November. We could"}, {"start": "00:13:37", "end": "00:13:40", "text": "definitely see a good recovery,"}, {"start": "00:13:40", "end": "00:13:42", "text": "but we do have Thanksgiving."}, {"start": "00:13:42", "end": "00:13:46", "text": "So obviously no trading on Thanksgiving"}, {"start": "00:13:46", "end": "00:13:49", "text": "and leading up to it and afterwards will"}, {"start": "00:13:49", "end": "00:13:54", "text": "be slightly weaker volume because"}, {"start": "00:13:54", "end": "00:13:59", "text": "because of uh because of Thanksgiving."}, {"start": "00:13:59", "end": "00:14:02", "text": "But we'll see when a Friday is the last"}, {"start": "00:14:02", "end": "00:14:05", "text": "day of this month. So we are still go"}, {"start": "00:14:05", "end": "00:14:07", "text": "probably go get some volatility with"}, {"start": "00:14:07", "end": "00:14:10", "text": "options expirations, future expirations."}, {"start": "00:14:10", "end": "00:14:12", "text": "[Applause]"}, {"start": "00:14:12", "end": "00:14:14", "text": "It'll be interesting. It'll be"}, {"start": "00:14:14", "end": "00:14:17", "text": "interesting. All right, guys."}, {"start": "00:14:17", "end": "00:14:19", "text": "Smash a like, subscribe to the channel."}, {"start": "00:14:19", "end": "00:14:21", "text": "I know most of you guys are staying"}, {"start": "00:14:21", "end": "00:14:25", "text": "strong and hopeful, and I am, too. I"}, {"start": "00:14:25", "end": "00:14:27", "text": "definitely think"}, {"start": "00:14:27", "end": "00:14:31", "text": "the average retail investor is I don't"}, {"start": "00:14:31", "end": "00:14:34", "text": "want to buy bottom because I'm afraid of"}, {"start": "00:14:34", "end": "00:14:36", "text": "catching a falling knife. I rather FOMO"}, {"start": "00:14:36", "end": "00:14:41", "text": "in while it's going up, right?"}, {"start": "00:14:41", "end": "00:14:43", "text": "And sometimes"}, {"start": "00:14:43", "end": "00:14:48", "text": "I guess it works very rarely."}, {"start": "00:14:48", "end": "00:14:51", "text": "People that"}, {"start": "00:14:51", "end": "00:14:52", "text": "hold the longest, that have the most"}, {"start": "00:14:52", "end": "00:14:57", "text": "patience, and have DCAD the longest are"}, {"start": "00:14:57", "end": "00:15:00", "text": "usually the ones that make the most"}, {"start": "00:15:00", "end": "00:15:01", "text": "money, especially when it comes to"}, {"start": "00:15:01", "end": "00:15:03", "text": "Bitcoin. Now, you can make an argument"}, {"start": "00:15:03", "end": "00:15:05", "text": "that maybe some of the alts haven't"}, {"start": "00:15:05", "end": "00:15:07", "text": "recovered. that hasn't been the case,"}, {"start": "00:15:07", "end": "00:15:11", "text": "but for Bitcoin, it definitely is. And"}, {"start": "00:15:11", "end": "00:15:14", "text": "Bitcoin is the driver of the entire"}, {"start": "00:15:14", "end": "00:15:17", "text": "market. So, as long as Bitcoin stays"}, {"start": "00:15:17", "end": "00:15:20", "text": "steady, continues to"}, {"start": "00:15:20", "end": "00:15:23", "text": "recover back and make a new high, then"}, {"start": "00:15:23", "end": "00:15:28", "text": "the entire market will be just fine."}, {"start": "00:15:28", "end": "00:15:31", "text": "All right, I will see you guys tomorrow,"}, {"start": "00:15:31", "end": "00:15:33", "text": "usual time, 8:30 a.m. Central Standard"}, {"start": "00:15:33", "end": "00:15:37", "text": "Time. All right, take care."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Welcome back. So today I got fooled. A"}, {"start": "00:00:06", "end": "00:00:09", "text": "lot of people got fooled."}, {"start": "00:00:09", "end": "00:00:12", "text": "It was a giant fake out day. It was a"}, {"start": "00:00:12", "end": "00:00:14", "text": "day where we thought that Nvidia"}, {"start": "00:00:14", "end": "00:00:16", "text": "earnings was going to pull everything up"}, {"start": "00:00:16", "end": "00:00:19", "text": "this morning. Everything was super"}, {"start": "00:00:19", "end": "00:00:22", "text": "green. US markets, tech, AI, crypto,"}, {"start": "00:00:22", "end": "00:00:24", "text": "everything green and then flipped"}, {"start": "00:00:24", "end": "00:00:28", "text": "suddenly to red. Deep, deep red. And as"}, {"start": "00:00:28", "end": "00:00:30", "text": "I'm filming this right now, Bitcoin is"}, {"start": "00:00:30", "end": "00:00:32", "text": "at that"}, {"start": "00:00:32", "end": "00:00:35", "text": "that almost self-fulfilling"}, {"start": "00:00:35", "end": "00:00:38", "text": "prophecy mark 87K, the one point that"}, {"start": "00:00:38", "end": "00:00:41", "text": "everyone was calling for, right? We're"}, {"start": "00:00:41", "end": "00:00:43", "text": "finally there."}, {"start": "00:00:43", "end": "00:00:47", "text": "Now, what's important is Tom Lee is"}, {"start": "00:00:47", "end": "00:00:49", "text": "starting to be more bold about pointing"}, {"start": "00:00:49", "end": "00:00:53", "text": "out who is behind this. He doesn't want"}, {"start": "00:00:53", "end": "00:00:55", "text": "to name a name,"}, {"start": "00:00:55", "end": "00:00:59", "text": "but I think we all know who it is. And"}, {"start": "00:00:59", "end": "00:01:02", "text": "he's calling out exactly why this is"}, {"start": "00:01:02", "end": "00:01:04", "text": "happening."}, {"start": "00:01:04", "end": "00:01:08", "text": "And because of this, we should rally"}, {"start": "00:01:08", "end": "00:01:12", "text": "together and stay strong and continue to"}, {"start": "00:01:12", "end": "00:01:16", "text": "hold and DCA because this will pass and"}, {"start": "00:01:16", "end": "00:01:21", "text": "we don't want to let this"}, {"start": "00:01:21", "end": "00:01:24", "text": "or they win. Okay, let me show you what"}, {"start": "00:01:24", "end": "00:01:27", "text": "I'm talking about. First things first,"}, {"start": "00:01:27", "end": "00:01:28", "text": "Bitcoin, as you can see, is hovering"}, {"start": "00:01:28", "end": "00:01:32", "text": "right around 87K. Not a good day. Not a"}, {"start": "00:01:32", "end": "00:01:34", "text": "good day. Although I will say some alts"}, {"start": "00:01:34", "end": "00:01:36", "text": "held better than even Bitcoin. Like for"}, {"start": "00:01:36", "end": "00:01:39", "text": "example, Salana is staying around 135."}, {"start": "00:01:39", "end": "00:01:42", "text": "It never really dipped below 131 132"}, {"start": "00:01:42", "end": "00:01:45", "text": "today. So actually held pretty well. A"}, {"start": "00:01:45", "end": "00:01:47", "text": "lot of other alts though did not hold"}, {"start": "00:01:47", "end": "00:01:50", "text": "well. XRP is that back down to $2. Suie"}, {"start": "00:01:50", "end": "00:01:53", "text": "at 150 and obviously look at Ethereum"}, {"start": "00:01:53", "end": "00:01:58", "text": "about 2800 2,900 right? But that's where"}, {"start": "00:01:58", "end": "00:02:01", "text": "we are. That's that self-fulfilling"}, {"start": "00:02:01", "end": "00:02:04", "text": "prophecy. I mean, why 87K? You may be"}, {"start": "00:02:04", "end": "00:02:06", "text": "wondering. Well, it was a support level"}, {"start": "00:02:06", "end": "00:02:09", "text": "and a resistance level from back in the"}, {"start": "00:02:09", "end": "00:02:11", "text": "day, okay? And now we have hit it once"}, {"start": "00:02:11", "end": "00:02:14", "text": "again. And so many people called it. So"}, {"start": "00:02:14", "end": "00:02:16", "text": "many people called it. So, it's it"}, {"start": "00:02:16", "end": "00:02:18", "text": "almost became a self-fulfilling profit"}, {"start": "00:02:18", "end": "00:02:19", "text": "because people were afraid to buy."}, {"start": "00:02:19", "end": "00:02:22", "text": "People are waiting for it."}, {"start": "00:02:22", "end": "00:02:24", "text": "But we finally hit it. We finally hit"}, {"start": "00:02:24", "end": "00:02:26", "text": "it. Now, does this mean we are ready to"}, {"start": "00:02:26", "end": "00:02:29", "text": "bounce from here, right? and head"}, {"start": "00:02:29", "end": "00:02:33", "text": "higher. Well, listen to what"}, {"start": "00:02:33", "end": "00:02:35", "text": "Tom Lee is saying. First of all, there's"}, {"start": "00:02:35", "end": "00:02:37", "text": "a lot of sites. I know a lot of people"}, {"start": "00:02:37", "end": "00:02:39", "text": "are bearish. More and more people are"}, {"start": "00:02:39", "end": "00:02:41", "text": "saying, \"Oh, we're in a bare market.\""}, {"start": "00:02:41", "end": "00:02:45", "text": "Okay? I just don't believe that. I think"}, {"start": "00:02:45", "end": "00:02:47", "text": "there are bad actors. I've been saying"}, {"start": "00:02:47", "end": "00:02:50", "text": "that what's been happening recently is"}, {"start": "00:02:50", "end": "00:02:52", "text": "not natural for Bitcoin and crypto. Now,"}, {"start": "00:02:52", "end": "00:02:55", "text": "today, a broader sell-off market with"}, {"start": "00:02:55", "end": "00:02:57", "text": "Nvidia and stuff like that. I think"}, {"start": "00:02:57", "end": "00:02:59", "text": "that's still over rates. Okay, because"}, {"start": "00:02:59", "end": "00:03:02", "text": "in the US, look at this after our"}, {"start": "00:03:02", "end": "00:03:04", "text": "September report our the percentage for"}, {"start": "00:03:04", "end": "00:03:07", "text": "rates didn't go up and there are still"}, {"start": "00:03:07", "end": "00:03:09", "text": "some on Wall Street that are still"}, {"start": "00:03:09", "end": "00:03:12", "text": "fearful about this and AI bubble. So, uh"}, {"start": "00:03:12", "end": "00:03:15", "text": "that's what caught a caused a broader"}, {"start": "00:03:15", "end": "00:03:17", "text": "market sellout. But for Bitcoin and"}, {"start": "00:03:17", "end": "00:03:19", "text": "crypto, a little bit different. Look at"}, {"start": "00:03:19", "end": "00:03:22", "text": "this. Mike Alfred says they're pulling"}, {"start": "00:03:22", "end": "00:03:25", "text": "all stops to manipulate Bitcoin lower"}, {"start": "00:03:25", "end": "00:03:26", "text": "using pers and futures and other"}, {"start": "00:03:26", "end": "00:03:29", "text": "derivatives. They're working overtime to"}, {"start": "00:03:29", "end": "00:03:31", "text": "try to scare people out of their"}, {"start": "00:03:31", "end": "00:03:34", "text": "corn. Do not fall for it. Do not fall"}, {"start": "00:03:34", "end": "00:03:36", "text": "for it. They're running one of the"}, {"start": "00:03:36", "end": "00:03:37", "text": "biggest scams I've ever seen in a"}, {"start": "00:03:37", "end": "00:03:39", "text": "market. Period."}, {"start": "00:03:39", "end": "00:03:42", "text": "The question is who are they?"}, {"start": "00:03:42", "end": "00:03:47", "text": "Right. And Tom Lee also said agree."}, {"start": "00:03:47", "end": "00:03:50", "text": "I think we all know who it is. Now,"}, {"start": "00:03:50", "end": "00:03:52", "text": "there's another interview, okay, that"}, {"start": "00:03:52", "end": "00:03:54", "text": "was conducted today, and Tom Lee"}, {"start": "00:03:54", "end": "00:03:57", "text": "actually breaks it down. He was flat out"}, {"start": "00:03:57", "end": "00:04:01", "text": "asked who they is. Well, just just"}, {"start": "00:04:01", "end": "00:04:02", "text": "listen to this."}, {"start": "00:04:02", "end": "00:04:03", "text": "I'm going to kind of add to what Steve"}, {"start": "00:04:03", "end": "00:04:05", "text": "said. You know, I think the crypto"}, {"start": "00:04:05", "end": "00:04:08", "text": "market has been limping along since"}, {"start": "00:04:08", "end": "00:04:12", "text": "October 10th because on that date was a"}, {"start": "00:04:12", "end": "00:04:14", "text": "negative shock. I mean today's stock"}, {"start": "00:04:14", "end": "00:04:16", "text": "market looks a lot like an echo of what"}, {"start": "00:04:16", "end": "00:04:17", "text": "happened October 10th. But on October"}, {"start": "00:04:17", "end": "00:04:21", "text": "10th that liquidation was so big, Brian,"}, {"start": "00:04:21", "end": "00:04:24", "text": "it really crippled market makers. And"}, {"start": "00:04:24", "end": "00:04:26", "text": "now market makers are critical in crypto"}, {"start": "00:04:26", "end": "00:04:28", "text": "because they provide liquidity. I mean"}, {"start": "00:04:28", "end": "00:04:30", "text": "they act almost as the central bank in"}, {"start": "00:04:30", "end": "00:04:33", "text": "crypto. And if they've got a hole in"}, {"start": "00:04:33", "end": "00:04:35", "text": "their balance sheet that they need to"}, {"start": "00:04:35", "end": "00:04:37", "text": "raise capital for, they need to"}, {"start": "00:04:37", "end": "00:04:40", "text": "reflexively reduce their balance sheet,"}, {"start": "00:04:40", "end": "00:04:43", "text": "reduce trading. Um, and if prices fall,"}, {"start": "00:04:43", "end": "00:04:45", "text": "they've got to then do more selling. So,"}, {"start": "00:04:45", "end": "00:04:48", "text": "I think that this drip that's been"}, {"start": "00:04:48", "end": "00:04:50", "text": "taking place for the last few weeks in"}, {"start": "00:04:50", "end": "00:04:53", "text": "crypto reflects this market maker"}, {"start": "00:04:53", "end": "00:04:56", "text": "crippling. And so, in 2022, it took 8"}, {"start": "00:04:56", "end": "00:04:59", "text": "weeks uh for that to really get flushed"}, {"start": "00:04:59", "end": "00:05:02", "text": "out. We're only 6 weeks into it. So, I I"}, {"start": "00:05:02", "end": "00:05:04", "text": "I kind of concur. I think crypto,"}, {"start": "00:05:04", "end": "00:05:07", "text": "Bitcoin and Ethereum are in some ways a"}, {"start": "00:05:07", "end": "00:05:09", "text": "leading indicator for equities because"}, {"start": "00:05:09", "end": "00:05:11", "text": "of that unwind and now this sort of"}, {"start": "00:05:11", "end": "00:05:14", "text": "limping and and weakened liquidity."}, {"start": "00:05:14", "end": "00:05:15", "text": "Well, that was that and that was the"}, {"start": "00:05:15", "end": "00:05:18", "text": "that was the point that my my very very"}, {"start": "00:05:18", "end": "00:05:20", "text": "smart team behind me we put together for"}, {"start": "00:05:20", "end": "00:05:22", "text": "the top of the show which is showing"}, {"start": "00:05:22", "end": "00:05:25", "text": "that that Bitcoin turned down today"}, {"start": "00:05:25", "end": "00:05:27", "text": "before the market did. All right, take"}, {"start": "00:05:27", "end": "00:05:30", "text": "us back. So October 6th, I think it was"}, {"start": "00:05:30", "end": "00:05:35", "text": "October 6th or 7th, Bitcoin hit 125,000."}, {"start": "00:05:35", "end": "00:05:36", "text": "Yeah. A couple days later, it was still"}, {"start": "00:05:36", "end": "00:05:39", "text": "around 120,000."}, {"start": "00:05:39", "end": "00:05:41", "text": "Now, obviously, Bitcoin's at 86 and"}, {"start": "00:05:41", "end": "00:05:44", "text": "change. So, what specifically occurred"}, {"start": "00:05:44", "end": "00:05:46", "text": "on or around October 10th that would"}, {"start": "00:05:46", "end": "00:05:49", "text": "lead us to where we are now on what,"}, {"start": "00:05:49", "end": "00:05:51", "text": "November 20th?"}, {"start": "00:05:51", "end": "00:05:54", "text": "Yeah. Well, Steve actually pointed this"}, {"start": "00:05:54", "end": "00:05:55", "text": "out. There's a lot of what they call"}, {"start": "00:05:55", "end": "00:05:58", "text": "automated processes in crypto. One of"}, {"start": "00:05:58", "end": "00:06:01", "text": "them is called ADL, okay? And that's an"}, {"start": "00:06:01", "end": "00:06:04", "text": "automatic liquidation feature that would"}, {"start": "00:06:04", "end": "00:06:06", "text": "take place if someone's account or their"}, {"start": "00:06:06", "end": "00:06:09", "text": "collateral drops in price. It's"}, {"start": "00:06:09", "end": "00:06:12", "text": "essentially like a margin call. Um, on a"}, {"start": "00:06:12", "end": "00:06:16", "text": "specific exchange, a stable coin's price"}, {"start": "00:06:16", "end": "00:06:18", "text": "varied from other exchanges. It actually"}, {"start": "00:06:18", "end": "00:06:20", "text": "stable coin should stay at a dollar. It"}, {"start": "00:06:20", "end": "00:06:22", "text": "dropped to 65, but that only happened"}, {"start": "00:06:22", "end": "00:06:25", "text": "within the exchange quotes within this"}, {"start": "00:06:25", "end": "00:06:27", "text": "exchange because of liquidity. That"}, {"start": "00:06:27", "end": "00:06:29", "text": "triggered an ADL, an automatic"}, {"start": "00:06:29", "end": "00:06:31", "text": "liquidation across many accounts. It"}, {"start": "00:06:31", "end": "00:06:34", "text": "wiped out as that spread across other"}, {"start": "00:06:34", "end": "00:06:36", "text": "exchanges, right? Because liquidations"}, {"start": "00:06:36", "end": "00:06:38", "text": "cascade, almost 2 million crypto"}, {"start": "00:06:38", "end": "00:06:41", "text": "accounts got wiped out even though"}, {"start": "00:06:41", "end": "00:06:42", "text": "minutes before they were actually"}, {"start": "00:06:42", "end": "00:06:44", "text": "profitable accounts."}, {"start": "00:06:44", "end": "00:06:46", "text": "So, who who is behind this? Like who's"}, {"start": "00:06:46", "end": "00:06:50", "text": "the they in the market makers and they"}, {"start": "00:06:50", "end": "00:06:53", "text": "got hit. Who's the they?"}, {"start": "00:06:53", "end": "00:06:56", "text": "Well, you know, Brian, I'm I I am aware"}, {"start": "00:06:56", "end": "00:06:59", "text": "of names, but because uh you know, I'm"}, {"start": "00:06:59", "end": "00:07:02", "text": "not someone who wants to name names. Uh"}, {"start": "00:07:02", "end": "00:07:03", "text": "I think what you should keep in mind is"}, {"start": "00:07:03", "end": "00:07:05", "text": "that the this error is actually"}, {"start": "00:07:05", "end": "00:07:07", "text": "essentially a bug, you know, a code"}, {"start": "00:07:07", "end": "00:07:09", "text": "error because they I think in retrospect"}, {"start": "00:07:09", "end": "00:07:11", "text": "they would have"}, {"start": "00:07:11", "end": "00:07:14", "text": "Okay, you heard it. Okay, I think this"}, {"start": "00:07:14", "end": "00:07:17", "text": "is the the best explanation"}, {"start": "00:07:17", "end": "00:07:20", "text": "of what's going on. Now, obviously,"}, {"start": "00:07:20", "end": "00:07:23", "text": "it's still a little speculation by Tom"}, {"start": "00:07:23", "end": "00:07:26", "text": "Lee, but you know, he knows what's going"}, {"start": "00:07:26", "end": "00:07:30", "text": "on behind the scenes. I didn't know this"}, {"start": "00:07:30", "end": "00:07:33", "text": "that they this exchange actually had a"}, {"start": "00:07:33", "end": "00:07:36", "text": "stable coin drop to about 60some cents."}, {"start": "00:07:36", "end": "00:07:39", "text": "I'm assuming it's USDT. And that's what"}, {"start": "00:07:39", "end": "00:07:40", "text": "triggered everything. all this"}, {"start": "00:07:40", "end": "00:07:42", "text": "deleveraging that you heard about and"}, {"start": "00:07:42", "end": "00:07:44", "text": "all these other exchanges that utilize"}, {"start": "00:07:44", "end": "00:07:46", "text": "this exchange for liquidity just"}, {"start": "00:07:46", "end": "00:07:49", "text": "basically auto deleveraged"}, {"start": "00:07:49", "end": "00:07:52", "text": "everyone's leverage."}, {"start": "00:07:52", "end": "00:07:54", "text": "But this makes a whole lot of sense if"}, {"start": "00:07:54", "end": "00:07:57", "text": "this one exchange,"}, {"start": "00:07:57", "end": "00:07:59", "text": "the biggest exchange and biggest market"}, {"start": "00:07:59", "end": "00:08:03", "text": "maker out there has a huge hole to to"}, {"start": "00:08:03", "end": "00:08:05", "text": "fill. They don't want a lot of trading"}, {"start": "00:08:05", "end": "00:08:08", "text": "to happen. then they could be the ones"}, {"start": "00:08:08", "end": "00:08:11", "text": "behind this. That's basically what he's"}, {"start": "00:08:11", "end": "00:08:13", "text": "saying. He doesn't want a name drop"}, {"start": "00:08:13", "end": "00:08:15", "text": "because he doesn't want to get sued,"}, {"start": "00:08:15", "end": "00:08:17", "text": "right? because I don't know if he has"}, {"start": "00:08:17", "end": "00:08:20", "text": "the the proof that he needs to go to"}, {"start": "00:08:20", "end": "00:08:22", "text": "court with it, but I think you guys all"}, {"start": "00:08:22", "end": "00:08:25", "text": "know who it is, which exchange, which"}, {"start": "00:08:25", "end": "00:08:30", "text": "market maker it is. And the one that"}, {"start": "00:08:30", "end": "00:08:32", "text": "that caused all this auto deleveraging"}, {"start": "00:08:32", "end": "00:08:35", "text": "that, you know, said that they go pay"}, {"start": "00:08:35", "end": "00:08:37", "text": "out some insurance funds to kind of"}, {"start": "00:08:37", "end": "00:08:39", "text": "recoup some of the people that lost or"}, {"start": "00:08:39", "end": "00:08:42", "text": "some of the companies that lost. But"}, {"start": "00:08:42", "end": "00:08:45", "text": "this makes a whole lot of sense. We, you"}, {"start": "00:08:45", "end": "00:08:49", "text": "know, I've been saying for weeks now,"}, {"start": "00:08:49", "end": "00:08:52", "text": "right? There's something holding Bitcoin"}, {"start": "00:08:52", "end": "00:08:54", "text": "back. There's something holding entire"}, {"start": "00:08:54", "end": "00:08:56", "text": "market back. It's not moving normally."}, {"start": "00:08:56", "end": "00:08:59", "text": "It's It's just not behaving right."}, {"start": "00:08:59", "end": "00:09:02", "text": "There's some group, person, entity,"}, {"start": "00:09:02", "end": "00:09:04", "text": "exchange that's trying to hold us back."}, {"start": "00:09:04", "end": "00:09:08", "text": "And Tom Lee is even pointing it out."}, {"start": "00:09:08", "end": "00:09:12", "text": "I'll let you guys guess who it is, okay?"}, {"start": "00:09:12", "end": "00:09:15", "text": "But"}, {"start": "00:09:15", "end": "00:09:16", "text": "I guess a lot of you guys may be"}, {"start": "00:09:16", "end": "00:09:18", "text": "thinking, well, is this okay? Let's just"}, {"start": "00:09:18", "end": "00:09:20", "text": "say this is true. Are they going to do"}, {"start": "00:09:20", "end": "00:09:22", "text": "this forever? Well, like he said, this"}, {"start": "00:09:22", "end": "00:09:24", "text": "happened before. It took about eight"}, {"start": "00:09:24", "end": "00:09:26", "text": "weeks to clear out. So, do we have to"}, {"start": "00:09:26", "end": "00:09:28", "text": "wait another two weeks? Maybe. Maybe we"}, {"start": "00:09:28", "end": "00:09:31", "text": "don't. Who knows, right? And everyone"}, {"start": "00:09:31", "end": "00:09:34", "text": "that I've watched, I saw someone from"}, {"start": "00:09:34", "end": "00:09:36", "text": "Coinbase today talk and basically said"}, {"start": "00:09:36", "end": "00:09:38", "text": "the same thing like, you know what? I"}, {"start": "00:09:38", "end": "00:09:41", "text": "look at how things were back in"}, {"start": "00:09:41", "end": "00:09:43", "text": "September when we hit that alltime high"}, {"start": "00:09:43", "end": "00:09:46", "text": "versus now. Do did the fundamentals"}, {"start": "00:09:46", "end": "00:09:49", "text": "change at all? Did did anything drastic"}, {"start": "00:09:49", "end": "00:09:51", "text": "change? And the answer is no. The"}, {"start": "00:09:51", "end": "00:09:53", "text": "fundamentals are still great, right? So"}, {"start": "00:09:53", "end": "00:09:55", "text": "what happened"}, {"start": "00:09:55", "end": "00:09:58", "text": "in between that has caused all this?"}, {"start": "00:09:58", "end": "00:10:02", "text": "Again, that massive liquidation event."}, {"start": "00:10:02", "end": "00:10:05", "text": "So without it, could we be much higher"}, {"start": "00:10:05", "end": "00:10:08", "text": "right now? Yes."}, {"start": "00:10:08", "end": "00:10:10", "text": "Right. But here's the thing. Because we"}, {"start": "00:10:10", "end": "00:10:13", "text": "know fundamentals are still great,"}, {"start": "00:10:13", "end": "00:10:15", "text": "that's"}, {"start": "00:10:15", "end": "00:10:17", "text": "that's our signal to continue to hold on"}, {"start": "00:10:17", "end": "00:10:19", "text": "DCA. If something fundamentally has"}, {"start": "00:10:19", "end": "00:10:21", "text": "changed"}, {"start": "00:10:21", "end": "00:10:24", "text": "for the worse and, you know, then we got"}, {"start": "00:10:24", "end": "00:10:27", "text": "to change our thesis. But for me, okay,"}, {"start": "00:10:27", "end": "00:10:28", "text": "I'm going to stay strong. I I don't like"}, {"start": "00:10:28", "end": "00:10:30", "text": "it. I know. I I you know, I don't want"}, {"start": "00:10:30", "end": "00:10:32", "text": "to sit here and say, \"Well, yes, it's"}, {"start": "00:10:32", "end": "00:10:34", "text": "it's all great.\" Yeah, I don't like it"}, {"start": "00:10:34", "end": "00:10:36", "text": "either. I don't like to see Bitcoin 87,"}, {"start": "00:10:36", "end": "00:10:38", "text": "right? But it is a great DCA"}, {"start": "00:10:38", "end": "00:10:41", "text": "opportunity. It's a great time to load"}, {"start": "00:10:41", "end": "00:10:43", "text": "up for those of you guys that have cash."}, {"start": "00:10:43", "end": "00:10:45", "text": "None of us likes it being low. We all"}, {"start": "00:10:45", "end": "00:10:48", "text": "want to see all-time highs, but the"}, {"start": "00:10:48", "end": "00:10:50", "text": "thing is the fundamentals have not"}, {"start": "00:10:50", "end": "00:10:53", "text": "changed. Still great for Bitcoin. Still"}, {"start": "00:10:53", "end": "00:10:55", "text": "great for crypto. We know that there are"}, {"start": "00:10:55", "end": "00:10:59", "text": "still a lot of interest all around in"}, {"start": "00:10:59", "end": "00:11:02", "text": "America, around the world. Nothing has"}, {"start": "00:11:02", "end": "00:11:04", "text": "changed. So, we will get through this."}, {"start": "00:11:04", "end": "00:11:06", "text": "We have to wait a few more weeks. We"}, {"start": "00:11:06", "end": "00:11:08", "text": "have to wait until December. If we have"}, {"start": "00:11:08", "end": "00:11:10", "text": "to wait until 2026, it's worth waiting"}, {"start": "00:11:10", "end": "00:11:13", "text": "for. We will get through this. We will"}, {"start": "00:11:13", "end": "00:11:15", "text": "bounce back. And we have seen 30%"}, {"start": "00:11:15", "end": "00:11:17", "text": "corrections. Let's not forget the last"}, {"start": "00:11:17", "end": "00:11:20", "text": "one was in April of this year. So, it's"}, {"start": "00:11:20", "end": "00:11:22", "text": "not like it was years ago. We have seen"}, {"start": "00:11:22", "end": "00:11:26", "text": "this before. Okay? So, stay strong, my"}, {"start": "00:11:26", "end": "00:11:28", "text": "friends. I'll see some of you guys later"}, {"start": "00:11:28", "end": "00:11:30", "text": "on my other channel and the rest of you"}, {"start": "00:11:30", "end": "00:11:32", "text": "guys tomorrow, same time as usual. All"}, {"start": "00:11:32", "end": "00:11:34", "text": "right. Take care."}, {"start": "00:11:34", "end": "00:11:37", "text": "Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:10", "text": "Welcome back to Cryptos are Us. I am George. We're all George. So, happy Friday. Is"}, {"start": "00:00:10", "end": "00:00:17", "text": "it Black Friday already? Are we seeing a discount with Bitcoin and crypto?"}, {"start": "00:00:17", "end": "00:00:25", "text": "The answer is yes. So, why did Bitcoin and crypto crash further?"}, {"start": "00:00:25", "end": "00:00:33", "text": "And are we ever going to turn around? Let's let's discuss in this very"}, {"start": "00:00:33", "end": "00:00:40", "text": "unhappy Friday. All right, welcome, welcome, welcome."}, {"start": "00:00:40", "end": "00:00:46", "text": "Uh we're starting out a day at 84,000. Obviously, not a good place, especially"}, {"start": "00:00:46", "end": "00:00:54", "text": "compared to yesterday. We were hovering around 87. So, we slid down a little bit more since even last night. And alts, of"}, {"start": "00:00:54", "end": "00:00:59", "text": "course, followed. Alts are down even more."}, {"start": "00:01:00", "end": "00:01:06", "text": "So, what is going on? Are we going to see a recovery? Well, today"}, {"start": "00:01:06", "end": "00:01:12", "text": "we're starting out in green and that's because we got a little bit"}, {"start": "00:01:12", "end": "00:01:18", "text": "of hope and things did turn around quite a lot with this. The New York Fed"}, {"start": "00:01:18", "end": "00:01:24", "text": "president says further adjustments to rates are needed. He sees that we will"}, {"start": "00:01:24", "end": "00:01:30", "text": "have a rate cut in December because we need to protect jobs"}, {"start": "00:01:30", "end": "00:01:37", "text": "and despite inflation, they have to ignore it. They just have"}, {"start": "00:01:37", "end": "00:01:43", "text": "to save jobs. That's it. Yesterday's jobs report wasn't great and that was for September. If they have one for"}, {"start": "00:01:43", "end": "00:01:48", "text": "October, it's going to be worse. So because of this statement,"}, {"start": "00:01:48", "end": "00:01:55", "text": "we are now back to 75% for rate cut next month."}, {"start": "00:01:55", "end": "00:02:01", "text": "That is fantastic. We were at like 30 something% when I was looking at yesterday and it went up more than"}, {"start": "00:02:01", "end": "00:02:06", "text": "doubled to 70 something%. So a rate cut is definitely good. That's why the"}, {"start": "00:02:06", "end": "00:02:11", "text": "market turned around today. But yesterday we know was not a good day."}, {"start": "00:02:11", "end": "00:02:18", "text": "Not just for Bitcoin and crypto. There's just this riskoff asset buying spree"}, {"start": "00:02:18", "end": "00:02:25", "text": "right now. So risk-on assets are being sold. Yesterday was a horrendous day for markets, not just for Bitcoin, crypto,"}, {"start": "00:02:25", "end": "00:02:32", "text": "and and for all things really, anything techreated, AI related,"}, {"start": "00:02:32", "end": "00:02:37", "text": "and especially cryptoreated. So you look at the outflow yesterday, almost a"}, {"start": "00:02:37", "end": "00:02:43", "text": "billion dollars of Bitcoin sold yesterday, 93."}, {"start": "00:02:43", "end": "00:02:48", "text": "One of the worst days we have seen for a while now. Okay. And and for about a"}, {"start": "00:02:48", "end": "00:02:54", "text": "week now, it's been or more than a week, two, three weeks, it's been pretty red."}, {"start": "00:02:54", "end": "00:03:00", "text": "Uh Black Rockck, biggest contributor, dumped 10,000"}, {"start": "00:03:00", "end": "00:03:05", "text": "Bitcoin through their ETFs this week. 10,000. It's a lot. I didn't even bring"}, {"start": "00:03:05", "end": "00:03:13", "text": "up the other one or other ones, I should say. Uh, Ethereum down 261 million"}, {"start": "00:03:13", "end": "00:03:19", "text": "yesterday. Uh, Soul still took in though, 23 million, so that's good. Um,"}, {"start": "00:03:19", "end": "00:03:24", "text": "but Bitcoin and Ethereum are being sold off by Wall Street right now. Like I"}, {"start": "00:03:24", "end": "00:03:30", "text": "said, there's this risk off asset"}, {"start": "00:03:30", "end": "00:03:36", "text": "appetite because there's just so much fear. There's just crazy amount of fear right now. Fear that we're not going to"}, {"start": "00:03:36", "end": "00:03:42", "text": "get a rate cut in December. fear that AI bubbles go pop. Fear that other things"}, {"start": "00:03:42", "end": "00:03:48", "text": "may come out of the files that may affect things. There's a lot of fear out there right"}, {"start": "00:03:48", "end": "00:03:54", "text": "now. A lot of fear that we're in the bare market and and we're not going to"}, {"start": "00:03:54", "end": "00:03:59", "text": "get a new top. Just look at"}, {"start": "00:03:59", "end": "00:04:06", "text": "the negative people in live chat that that continues to FUD,"}, {"start": "00:04:06", "end": "00:04:13", "text": "you know. So it does look bad. It does look bad. But you know what?"}, {"start": "00:04:13", "end": "00:04:21", "text": "There's a reason for this. There is a reason for this. And if you look at the fear level and you look at"}, {"start": "00:04:21", "end": "00:04:27", "text": "something like this that occurred three years ago."}, {"start": "00:04:27", "end": "00:04:33", "text": "It's a good reminder of why you don't want to panic. You want to"}, {"start": "00:04:33", "end": "00:04:38", "text": "focus long term. Why dips"}, {"start": "00:04:38", "end": "00:04:46", "text": "can be gifts? Okay, this happened three years ago. This happened after"}, {"start": "00:04:46", "end": "00:04:54", "text": "the FTX collapse. Bitcoin did this. Okay, fell down from 69,000 all the way"}, {"start": "00:04:54", "end": "00:05:00", "text": "down to about 16,000. People thought it was the end then, too."}, {"start": "00:05:00", "end": "00:05:07", "text": "And that was that was the low point"}, {"start": "00:05:07", "end": "00:05:13", "text": "that was the low point of crypto winter. Okay? And we have similarities to that right"}, {"start": "00:05:13", "end": "00:05:21", "text": "now. And we're not in crypto winter. So think about that. But we fell down 16K. Those that picked"}, {"start": "00:05:21", "end": "00:05:27", "text": "up, bought the dip, are still up 410%. Take"}, {"start": "00:05:27", "end": "00:05:34", "text": "a second to think about that. Okay. those that panic sold and said, \"That's it. I'm done. I'm out of Bitcoin. I'm"}, {"start": "00:05:34", "end": "00:05:40", "text": "out of crypto.\" Well, they lost out on a lot of gains. Okay,"}, {"start": "00:05:40", "end": "00:05:47", "text": "but we have seen this before. Now, like I said, that happened"}, {"start": "00:05:47", "end": "00:05:53", "text": "during the bottom of the last crypto winter. Are we the bottom of crypto"}, {"start": "00:05:53", "end": "00:06:02", "text": "winter right now? Well, if we are, that would be a good thing because that means we're coming out of crypto winter,"}, {"start": "00:06:02", "end": "00:06:08", "text": "but we're not in crypto winter, right? But if we were, this would be a fantastic thing if you think about it,"}, {"start": "00:06:08", "end": "00:06:13", "text": "because that means we're about to reverse upwards and we're about to go on"}, {"start": "00:06:13", "end": "00:06:19", "text": "a tremendous run. And it feels just like that because if"}, {"start": "00:06:19", "end": "00:06:25", "text": "you measure fear level and you measure like the indicators"}, {"start": "00:06:25", "end": "00:06:33", "text": "that are showing that Bitcoin is as oversold as this point, then you realize"}, {"start": "00:06:33", "end": "00:06:40", "text": "this is actually a gift. A gift that allows deep deep discount buying just like"}, {"start": "00:06:40", "end": "00:06:46", "text": "Black Friday. A lot of you guys love to buy things on Black Friday at discount."}, {"start": "00:06:46", "end": "00:06:54", "text": "If you love Bitcoin and you love your crypto, why would you not want to buy it at a discount?"}, {"start": "00:06:54", "end": "00:07:00", "text": "We have a lot that are Tether of all people, okay? The biggest stable coin"}, {"start": "00:07:00", "end": "00:07:05", "text": "issuer out there just bought a billion dollars with the dip and they have been"}, {"start": "00:07:05", "end": "00:07:12", "text": "buying a lot with their their profits. They have been doing that for quite some time, but they decide, hey, it's good"}, {"start": "00:07:12", "end": "00:07:17", "text": "time to buy the dip. They bought a billion dollars. Okay. And there's other"}, {"start": "00:07:17", "end": "00:07:24", "text": "companies that have been doing so. Obviously, MetaPlanet is raising. Sailor continues to raise and buy."}, {"start": "00:07:24", "end": "00:07:30", "text": "Here's one DDC that says they're go buy 300 more Bitcoin."}, {"start": "00:07:30", "end": "00:07:36", "text": "You got a lot of these Japanese companies that have been loading up that have over a,000 Bitcoin. This one bought"}, {"start": "00:07:36", "end": "00:07:45", "text": "about a hundred. It has about 762. So there are coolheaded"}, {"start": "00:07:45", "end": "00:07:51", "text": "calm people and companies and institutions that are still"}, {"start": "00:07:51", "end": "00:07:58", "text": "buying the fundamentals still good but short-term near-term"}, {"start": "00:07:58", "end": "00:08:06", "text": "you have a lot of panic sellers. There's no doubt about it. Right? But panic selling normally does not"}, {"start": "00:08:06", "end": "00:08:14", "text": "lead to good things. Patient long-term investors are the ones"}, {"start": "00:08:14", "end": "00:08:19", "text": "that win, not the short-term traders. Well,"}, {"start": "00:08:19", "end": "00:08:26", "text": "sometimes they do. Okay, I can't say they always lose, but like Tom Lee said,"}, {"start": "00:08:27", "end": "00:08:33", "text": "there are a lot of holes right now. okay, with"}, {"start": "00:08:33", "end": "00:08:39", "text": "certain companies, certain entities, they're trying to patch it is all due to"}, {"start": "00:08:39", "end": "00:08:44", "text": "all the leverage and deleveraging and all the trading that's been going on."}, {"start": "00:08:44", "end": "00:08:51", "text": "And I'll get to that in a little bit. It's probably the biggest reason why we're going through what we're going"}, {"start": "00:08:51", "end": "00:08:57", "text": "through. But there's other factors at play, I know, but it's one of the biggest things that I don't hear anyone"}, {"start": "00:08:57", "end": "00:09:00", "text": "else talk about."}, {"start": "00:09:03", "end": "00:09:08", "text": "Max pain zone is between 73 and 84k. You know, guess"}, {"start": "00:09:08", "end": "00:09:15", "text": "what? We're in that zone. We're in that zone."}, {"start": "00:09:16", "end": "00:09:23", "text": "So, are we over with this crash, with this dump, with this dip? I don't know."}, {"start": "00:09:23", "end": "00:09:30", "text": "But I do know the fundamentals have not changed and we have a lot of these"}, {"start": "00:09:30", "end": "00:09:39", "text": "metrics that show that right now is as bad as the low point of the last cycle"}, {"start": "00:09:39", "end": "00:09:45", "text": "when Bitcoin hit 16,000 when FTX collapsed. Are we anywhere near as bad"}, {"start": "00:09:45", "end": "00:09:52", "text": "as three years ago? The answer is no. Just like this one, realized losses"}, {"start": "00:09:52", "end": "00:10:00", "text": "surge to levels last seen during FTX Lab. People are selling, panic dumping"}, {"start": "00:10:00", "end": "00:10:05", "text": "because of fear."}, {"start": "00:10:05", "end": "00:10:12", "text": "How many of you guys would love to go back to 16K Bitcoin and go all in?"}, {"start": "00:10:12", "end": "00:10:20", "text": "Obviously, it's an easy decision now because you know where the price is versus before. But at that time it was"}, {"start": "00:10:20", "end": "00:10:26", "text": "the same thing. Very little people wanted to buy the dip. No one wanted to"}, {"start": "00:10:26", "end": "00:10:32", "text": "take a chance fearing that Bitcoin could go lower to 10K or back to 3K. We saw"}, {"start": "00:10:32", "end": "00:10:38", "text": "that before. But the few that did, the few that took"}, {"start": "00:10:38", "end": "00:10:44", "text": "advantage are sitting pretty right now. And they're not worried."}, {"start": "00:10:44", "end": "00:10:51", "text": "You know, after a tech slaps, guess what? Salana dropped to $8."}, {"start": "00:10:51", "end": "00:10:58", "text": "People called for the death of Salana. People that picked up"}, {"start": "00:10:58", "end": "00:11:05", "text": "more than 10x, 20x, right? That's the thing."}, {"start": "00:11:05", "end": "00:11:11", "text": "panic dumping especially in the environment that we're"}, {"start": "00:11:11", "end": "00:11:18", "text": "in wi-i which is not crypto winter is not the bare market in fact this"}, {"start": "00:11:18", "end": "00:11:24", "text": "reminds me in last last bull market Bitcoin first went to 64,000 it dropped"}, {"start": "00:11:24", "end": "00:11:29", "text": "50% to 28,000 50% and then it went up back up to"}, {"start": "00:11:29", "end": "00:11:35", "text": "69,000 that happened during the bull too."}, {"start": "00:11:37", "end": "00:11:44", "text": "So, right now we're down about 32%. We're not down 50%."}, {"start": "00:11:44", "end": "00:11:49", "text": "Have we seen a 32% drop before? Yes, earlier this year in April. Have we seen"}, {"start": "00:11:49", "end": "00:11:58", "text": "one prior to that? Yes, a 34% drop back last year. So, is this very unusual? Is"}, {"start": "00:11:58", "end": "00:12:04", "text": "this worse than what we have seen before? answer is no."}, {"start": "00:12:04", "end": "00:12:09", "text": "And what happened after those times that we went down 33"}, {"start": "00:12:09", "end": "00:12:16", "text": "32%. Well, you could see it on the chart. What happened? We recovered quickly and"}, {"start": "00:12:16", "end": "00:12:21", "text": "we formed a new high. It's not"}, {"start": "00:12:21", "end": "00:12:26", "text": "it's not like it has never happened before. It's not like we're going through a time we have never seen"}, {"start": "00:12:26", "end": "00:12:33", "text": "Bitcoin have a correction. It's not like we haven't seen time where Wall Street was super panicked and is dumping"}, {"start": "00:12:33", "end": "00:12:41", "text": "everything. No, we saw it six months ago. Well, now seven back in April. We saw"}, {"start": "00:12:41", "end": "00:12:46", "text": "the same thing happen from November all the way to April. Guess what happened to"}, {"start": "00:12:46", "end": "00:12:52", "text": "US markets and Bitcoin? We had a crazy tremendous correction just like what"}, {"start": "00:12:52", "end": "00:12:58", "text": "we're going through now. Back then, what was the fear? The fear was tariffs,"}, {"start": "00:12:58", "end": "00:13:04", "text": "right? Now the fear is like no more cuts."}, {"start": "00:13:11", "end": "00:13:17", "text": "Like I said, there's a lot of fear out there. A lot of fear thinking that"}, {"start": "00:13:17", "end": "00:13:23", "text": "we are in a bare market. Let's just pretend. Let's just pretend"}, {"start": "00:13:23", "end": "00:13:29", "text": "we are, which we're not. But if you look at how oversold we are,"}, {"start": "00:13:29", "end": "00:13:34", "text": "this is what we're going through right now."}, {"start": "00:13:34", "end": "00:13:41", "text": "We're as oversold as the bottoms of the last few cycles."}, {"start": "00:13:41", "end": "00:13:47", "text": "Take a second to think about that. RSI"}, {"start": "00:13:47", "end": "00:13:52", "text": "is as low as that 16k FTX collapse"}, {"start": "00:13:52", "end": "00:13:58", "text": "bottom. It's as low as the COVID drop bottom."}, {"start": "00:13:58", "end": "00:14:05", "text": "It's as low as the 2018 crypto winter bottom."}, {"start": "00:14:05", "end": "00:14:13", "text": "What happened after those bottoms? We had significant rallies afterwards."}, {"start": "00:14:13", "end": "00:14:21", "text": "So, think about it. We are now more oversold than the April bottom"}, {"start": "00:14:21", "end": "00:14:30", "text": "than last year's 2023 2024 bottom. We're as oversold as the 2022 FTX collapse"}, {"start": "00:14:30", "end": "00:14:37", "text": "crypto bottom. So, what are you supposed to do with that information?"}, {"start": "00:14:37", "end": "00:14:46", "text": "Well, based on historical performance, based on historical movements,"}, {"start": "00:14:46", "end": "00:14:52", "text": "when you're this oversold, you're ready to bounce. You flip to the upside. And"}, {"start": "00:14:52", "end": "00:14:58", "text": "keep in mind, we're not in crypto winter right now. Unlike all those other times,"}, {"start": "00:14:58", "end": "00:15:01", "text": "they were."}, {"start": "00:15:04", "end": "00:15:11", "text": "So that's all I have to say to you guys. Okay,"}, {"start": "00:15:11", "end": "00:15:17", "text": "you have to understand volatility is a price of emission for"}, {"start": "00:15:17", "end": "00:15:23", "text": "crypto. If it was that simple, everyone would be millionaires or billionaires."}, {"start": "00:15:23", "end": "00:15:29", "text": "There are times when we go through this, this is the weeding out process. This"}, {"start": "00:15:29", "end": "00:15:34", "text": "weeds out people that people, you know, the impatient people, the ones that"}, {"start": "00:15:34", "end": "00:15:40", "text": "don't understand, the ones that will never truly achieve what they're trying to achieve, which is financial freedom"}, {"start": "00:15:40", "end": "00:15:47", "text": "or wealth, because they're too shortsighted. But those that have a long-term plan,"}, {"start": "00:15:47", "end": "00:15:54", "text": "long-term vision to become financially free and build true wealth with Bitcoin,"}, {"start": "00:15:54", "end": "00:15:59", "text": "crypto, well then you know what? Those guys"}, {"start": "00:15:59", "end": "00:16:05", "text": "eventually win because they're patient and they understand and they stay in the game and they don't"}, {"start": "00:16:05", "end": "00:16:11", "text": "panic sell like a lot of people are doing right now."}, {"start": "00:16:13", "end": "00:16:21", "text": "Now, the final thing I'll say is this uh this interview which I showed parts"}, {"start": "00:16:21", "end": "00:16:27", "text": "of it yesterday in my last night's video. Okay. Um,"}, {"start": "00:16:27", "end": "00:16:32", "text": "Tom Lee brings up a couple really interesting facts that I've never heard"}, {"start": "00:16:32", "end": "00:16:39", "text": "anyone else say. I think he has an insight that most analysts"}, {"start": "00:16:39", "end": "00:16:44", "text": "don't have or are afraid to say. I point this out. I'm not going to show"}, {"start": "00:16:44", "end": "00:16:52", "text": "the whole thing, but I'll recap what I showed last night. He believes why"}, {"start": "00:16:52", "end": "00:17:01", "text": "we crashed and why there's so much weakness stems from last month, the October 10th"}, {"start": "00:17:01", "end": "00:17:08", "text": "liquidation event, the largest in history. The price of a stable coin, I'm just"}, {"start": "00:17:08", "end": "00:17:13", "text": "going to assume it's USDT, dropped from a dollar to 65."}, {"start": "00:17:13", "end": "00:17:19", "text": "It was a software glitch. It didn't actually depitch."}, {"start": "00:17:19", "end": "00:17:27", "text": "But because of it, it auto deleveraged all these accounts. In fact, he said 2"}, {"start": "00:17:27", "end": "00:17:32", "text": "million accounts wiped out in an instant."}, {"start": "00:17:32", "end": "00:17:38", "text": "Longs and shorts and all the other exchanges that depend on liquidity from"}, {"start": "00:17:38", "end": "00:17:43", "text": "this one exchange also all deleveraged."}, {"start": "00:17:43", "end": "00:17:49", "text": "Now, when asked who this exchange is,"}, {"start": "00:17:49", "end": "00:17:56", "text": "he said, \"I don't namerop.\" Because he doesn't want to say it on TV. He doesn't want to be sued, but I think you guys"}, {"start": "00:17:56", "end": "00:18:02", "text": "all know who it is. And he says because"}, {"start": "00:18:02", "end": "00:18:07", "text": "there's this giant hole that was made. Okay, basically"}, {"start": "00:18:07", "end": "00:18:15", "text": "a lot of people lost money. This exchange lost money. uh the market makers, everyone that was dependent lost"}, {"start": "00:18:15", "end": "00:18:21", "text": "money. They're trying to fill that hole. And the best way to fill that hole is to"}, {"start": "00:18:21", "end": "00:18:26", "text": "keep prices low and keep volume low."}, {"start": "00:18:27", "end": "00:18:33", "text": "So, he's attributing this to basically one company. And since October 10th,"}, {"start": "00:18:33", "end": "00:18:40", "text": "it's been pretty bad and pretty volatile. And I've been saying it seems like we have some kind of magical force"}, {"start": "00:18:40", "end": "00:18:50", "text": "that keeps on holding us back. He calls it out and he explains why."}, {"start": "00:18:52", "end": "00:18:57", "text": "I think it's the best explanation. And there are many others on Axe now saying"}, {"start": "00:18:57", "end": "00:19:02", "text": "the same thing. They say they and I say that too, but I think we all know who it"}, {"start": "00:19:02", "end": "00:19:09", "text": "is. And because of the deregulated nature right now in the US, it seems like"}, {"start": "00:19:09", "end": "00:19:17", "text": "things are just like being let go. This is one of those things that should not be let go. They got prosecuted before"}, {"start": "00:19:17", "end": "00:19:22", "text": "and they should be prosecuted again and looked at."}, {"start": "00:19:23", "end": "00:19:29", "text": "But the second thing I want to say is I didn't I didn't originally watch the second part of this interview, but he"}, {"start": "00:19:29", "end": "00:19:36", "text": "mentioned something that was very very interesting about Micro Strategy. A lot of you guys know Micro Strategy stock"}, {"start": "00:19:36", "end": "00:19:41", "text": "has been hammered hard more so than even Bitcoin."}, {"start": "00:19:41", "end": "00:19:50", "text": "Why is that? Well, he brings up a good point that people that want to unload some risk"}, {"start": "00:19:50", "end": "00:19:57", "text": "basically. You know, they have massive long positions or they have massive positions and they want to buy some on"}, {"start": "00:19:57", "end": "00:20:03", "text": "the reverse side to kind of hedge, right? there's no easy way for them to"}, {"start": "00:20:03", "end": "00:20:09", "text": "do so. The easiest way is actually to short Micro Strategy."}, {"start": "00:20:09", "end": "00:20:15", "text": "And that's a brilliant analysis. Never thought about that. But he's saying that a lot of people you talk to, that's what"}, {"start": "00:20:15", "end": "00:20:20", "text": "they're doing. They have billions upon billions of Bitcoin and they want to"}, {"start": "00:20:20", "end": "00:20:27", "text": "hedge during bad times. They don't want to sell their Bitcoin. So what do they do? They take a short position on Micro"}, {"start": "00:20:27", "end": "00:20:33", "text": "Strategy. So that's how they hedge."}, {"start": "00:20:33", "end": "00:20:38", "text": "Emily, that's that's that's brilliant. I would have never thought about that. And"}, {"start": "00:20:38", "end": "00:20:43", "text": "Tom Lee shares it. So you know, Tom Lee provides good stuff. Whether his vision"}, {"start": "00:20:43", "end": "00:20:50", "text": "for Ethereum is actually going to play out, although he talks about why he's so bullish on Ethereum, it's really because"}, {"start": "00:20:50", "end": "00:20:56", "text": "of RWA and stable coins. Those two reasons because Ethereum still leads in"}, {"start": "00:20:56", "end": "00:21:02", "text": "those areas. But Tom Lee has some brilliant insight. I don't hear about any other analysts"}, {"start": "00:21:02", "end": "00:21:08", "text": "say the stuff that he does. But it makes a lot of sense. Makes a lot"}, {"start": "00:21:08", "end": "00:21:15", "text": "of sense. All right, guys. That's it."}, {"start": "00:21:15", "end": "00:21:23", "text": "Uh let's see. Hood strategy. Coinbase up slightly. Nvidia AMD still down. Got a"}, {"start": "00:21:23", "end": "00:21:30", "text": "little bit of a recovery here at 80 85 almost."}, {"start": "00:21:30", "end": "00:21:37", "text": "We'll see if we can build some momentum today."}, {"start": "00:21:37", "end": "00:21:46", "text": "But there's too much negativity and that could be a good thing. That could be used as a tool. We are as oversold"}, {"start": "00:21:46", "end": "00:21:52", "text": "and as negative as"}, {"start": "00:21:53", "end": "00:22:04", "text": "as some of these major major major like dip areas or crypto winter areas."}, {"start": "00:22:04", "end": "00:22:13", "text": "And if that's the case, that's a true that's a that's that's a a true bottom"}, {"start": "00:22:13", "end": "00:22:19", "text": "or reversal point, right? Like if you look at RSI on the daily, we're like as"}, {"start": "00:22:19", "end": "00:22:27", "text": "low as 73. We're as low as 40ome. We're as low as 20 something."}, {"start": "00:22:27", "end": "00:22:32", "text": "And look at what happened after those times."}, {"start": "00:22:33", "end": "00:22:39", "text": "All right, let's do some Q&A."}, {"start": "00:22:50", "end": "00:22:56", "text": "You know, as for Micro Strategy, Sailor already said it doesn't matter what"}, {"start": "00:22:56", "end": "00:23:02", "text": "price Bitcoin goes down to, he doesn't need to sell. I think the worry is he"}, {"start": "00:23:02", "end": "00:23:10", "text": "has a lot of obligations coming up in 2027 28 2930"}, {"start": "00:23:10", "end": "00:23:15", "text": "and I think the operations require him to basically keep on raising money and"}, {"start": "00:23:15", "end": "00:23:22", "text": "have stocks and have stock being elevated. I think that's the worry about Micro Strategy. Not that he has to sell"}, {"start": "00:23:22", "end": "00:23:29", "text": "Bitcoin right now from liquidation. No. but he has a a lot of obligations to pay"}, {"start": "00:23:29", "end": "00:23:34", "text": "back a lot of money in the coming years. And if his stock is low and he can't do"}, {"start": "00:23:34", "end": "00:23:41", "text": "it, then maybe people speculate he can he has to sell Bitcoin. But we don't"}, {"start": "00:23:41", "end": "00:23:47", "text": "have to worry about that until like 2027 or 2028."}, {"start": "00:24:11", "end": "00:24:18", "text": "Got a lively chat in here. Not all good, but a lot of people"}, {"start": "00:24:18", "end": "00:24:22", "text": "a lot of people in here chatting."}, {"start": "00:24:33", "end": "00:24:41", "text": "Negative. Nancies will turn into positive Patricia. That's the first time I've ever heard that."}, {"start": "00:24:51", "end": "00:24:57", "text": "Do you get paid when we chat? No, I do not. Well, unless you send a super chat, then"}, {"start": "00:24:57", "end": "00:25:03", "text": "yes. But Google takes like 50% of it."}, {"start": "00:25:13", "end": "00:25:21", "text": "guarantee of the north whole coiners will inherit the earth. Basically,"}, {"start": "00:25:21", "end": "00:25:27", "text": "most people most people on the planet are not investors because they don't"}, {"start": "00:25:27", "end": "00:25:34", "text": "have the foresight to predict or to prepare for the future."}, {"start": "00:25:34", "end": "00:25:39", "text": "Okay? So,"}, {"start": "00:25:41", "end": "00:25:46", "text": "so they don't really care. They don't care what's going on right now. Right? There's a lot of people in your everyday"}, {"start": "00:25:46", "end": "00:25:51", "text": "lives. I'm pretty sure that you bump into they have no investments whatsoever. So, they don't they don't"}, {"start": "00:25:51", "end": "00:25:59", "text": "really care. Um, but they're also slowly slowly getting killed by inflation."}, {"start": "00:26:00", "end": "00:26:07", "text": "They don't realize that. They think stimulus checks are great and, you know, getting paid every week and and being"}, {"start": "00:26:07", "end": "00:26:14", "text": "survi, you know, surviving off of that is great. And some have no choice. I realize that. But what they don't"}, {"start": "00:26:14", "end": "00:26:22", "text": "realize is what the Fed and central banks have been doing with printing and with our deficit and"}, {"start": "00:26:22", "end": "00:26:28", "text": "our borrowing. They're making dollars and fiat"}, {"start": "00:26:28", "end": "00:26:33", "text": "more worthless every single year. So it makes regular people that don't invest"}, {"start": "00:26:33", "end": "00:26:39", "text": "their lives harder every year and it compounds greatly over course of 10 20"}, {"start": "00:26:39", "end": "00:26:45", "text": "years, right? Uh so that's why we do invest."}, {"start": "00:26:45", "end": "00:26:50", "text": "But when you invest, it's not gambling. There are a lot of people that come in"}, {"start": "00:26:50", "end": "00:26:56", "text": "thinking that they can make quick money and leave. That's really like gambling. If you're investing, you have to invest"}, {"start": "00:26:56", "end": "00:27:03", "text": "long term. That's why you're investing because you're trying to prepare for long term for your future. So you got to"}, {"start": "00:27:03", "end": "00:27:11", "text": "understand that hey, sometimes sometimes you get it right, sometimes you get it wrong. But the ones that built the most"}, {"start": "00:27:11", "end": "00:27:16", "text": "wealth from investing are the ones that are most focused on the future. The ones that have the most patience, that done"}, {"start": "00:27:16", "end": "00:27:22", "text": "the research, and they don't panic due to some of these drops. In fact, these"}, {"start": "00:27:22", "end": "00:27:28", "text": "are the drops that help you make the most money. You don't want to FOMO in at"}, {"start": "00:27:28", "end": "00:27:34", "text": "top. You want to buy when it's at bottom."}, {"start": "00:27:36", "end": "00:27:45", "text": "I'll tell you like even from this year. Okay, I loaded up quite a lot back in"}, {"start": "00:27:45", "end": "00:27:51", "text": "April. Okay. I was loading up even before then like probably like February, March,"}, {"start": "00:27:51", "end": "00:27:59", "text": "April because obviously last year from the election to like December,"}, {"start": "00:27:59", "end": "00:28:06", "text": "January was really good and then we started sliding down. I lit up a lot while we were falling"}, {"start": "00:28:06", "end": "00:28:13", "text": "down and they have really paid off, right? But you just don't know."}, {"start": "00:28:13", "end": "00:28:18", "text": "Sometimes you don't know. Maybe we would have, you know, if we didn't turn around April, maybe we could have slid more in"}, {"start": "00:28:18", "end": "00:28:25", "text": "May or June. But I felt the time was right because we went down 30 something%."}, {"start": "00:28:25", "end": "00:28:30", "text": "It's it's that feeling right now. It's not just with Bitcoin and crypto."}, {"start": "00:28:30", "end": "00:28:39", "text": "Overall, equities have fallen quite a lot, some over 30%."}, {"start": "00:28:39", "end": "00:28:46", "text": "It just feels like it's a it's a golden opportunity."}, {"start": "00:29:05", "end": "00:29:11", "text": "Uh, Bold Eagle says printer is about to be turned on. Yes,"}, {"start": "00:29:11", "end": "00:29:18", "text": "that too. The Fed is going to cut one way or"}, {"start": "00:29:18", "end": "00:29:26", "text": "another. We're going to get that cut next month and we're going to get more in 2026 because the reality is our job"}, {"start": "00:29:26", "end": "00:29:32", "text": "market is struggling. Unemployment is starting to go up and the Fed needs to"}, {"start": "00:29:32", "end": "00:29:38", "text": "save that. And once PAL is gone, we know that we're gonna get a very"}, {"start": "00:29:38", "end": "00:29:46", "text": "bullish Fed chair. Okay, very bullish meaning one that's very for rate cuts."}, {"start": "00:29:46", "end": "00:29:52", "text": "That could also sway things. So just yesterday, there was a lot of"}, {"start": "00:29:52", "end": "00:30:00", "text": "fear about how we're not going to get a rate cut in December. And look at today all of a sudden from one Fed president"}, {"start": "00:30:00", "end": "00:30:09", "text": "saying that I think we're going to cut the probability jumped up to 75%. Things could change really quickly."}, {"start": "00:30:10", "end": "00:30:16", "text": "Tom Lee also said usually the recoveries from these giant dips are twice as fast"}, {"start": "00:30:16", "end": "00:30:25", "text": "as the trip down. So if it's been a month, a month and a half"}, {"start": "00:30:26", "end": "00:30:32", "text": "of this like selloff, that means within maybe three weeks we"}, {"start": "00:30:32", "end": "00:30:37", "text": "could recover. We just need we need to get over whatever is happening. And"}, {"start": "00:30:37", "end": "00:30:44", "text": "Tomley believes for crypto is all due to this giant hole this one exchange has to"}, {"start": "00:30:44", "end": "00:30:47", "text": "fill."}, {"start": "00:31:18", "end": "00:31:25", "text": "Uh Robin Hood is see Robin Hood like is another example too."}, {"start": "00:31:25", "end": "00:31:32", "text": "They're down like 30% from a few weeks ago because now there's fear about crypto and trading. Same thing with"}, {"start": "00:31:32", "end": "00:31:40", "text": "Nvidia. Nvidia slid down yesterday after a crazy earnings report."}, {"start": "00:31:40", "end": "00:31:46", "text": "It goes to show you panic when it hits."}, {"start": "00:31:46", "end": "00:31:53", "text": "People do irrational things. They panic sell. They're panic selling"}, {"start": "00:31:53", "end": "00:32:01", "text": "things that they shouldn't be panic selling, but they are because they can't help it and they're doing it out of fear"}, {"start": "00:32:01", "end": "00:32:08", "text": "or they're following the herd. Those are the ones that will not make money"}, {"start": "00:32:08", "end": "00:32:14", "text": "and will never achieve what they're trying to achieve, which is financial freedom. If you understand what you're"}, {"start": "00:32:14", "end": "00:32:22", "text": "investing in, you got to have a long-term vision. You got to hold it and possibly DCA into it and wait for that"}, {"start": "00:32:22", "end": "00:32:29", "text": "to fulfill. You can't be buying top and selling bottom and then buying top again and"}, {"start": "00:32:29", "end": "00:32:37", "text": "selling bottom. That's not how it works. At least not with building wealth."}, {"start": "00:32:48", "end": "00:32:55", "text": "They said Nvidia lied about earning. What? Who? Who is they? No public trade company, especially not"}, {"start": "00:32:55", "end": "00:33:01", "text": "the biggest one on the planet, is going to be lying about their earnings."}, {"start": "00:33:01", "end": "00:33:05", "text": "There's no need for them to"}, {"start": "00:33:45", "end": "00:33:50", "text": "uh no no they"}, {"start": "00:33:50", "end": "00:33:56", "text": "if you if you guys are referring to what what Tom Lee is saying about they he he"}, {"start": "00:33:56", "end": "00:34:02", "text": "he opens up and says just one one exchange one exchange one market maker"}, {"start": "00:34:02", "end": "00:34:09", "text": "that has the hold a gap to fill. Um,"}, {"start": "00:34:10", "end": "00:34:18", "text": "it's very it's very obvious and very easy to guess who it is."}, {"start": "00:34:27", "end": "00:34:31", "text": "I don't want to say aliens, but aliens."}, {"start": "00:35:15", "end": "00:35:22", "text": "Aliens are outside of Matrix just peeking in to check how we're doing. Maybe we are the aliens and they are the"}, {"start": "00:35:22", "end": "00:35:29", "text": "humans. Or maybe we're just a construct of the matrix. So we're not even"}, {"start": "00:35:29", "end": "00:35:35", "text": "individuals. We're not even life. We're just simulations."}, {"start": "00:35:39", "end": "00:35:44", "text": "Dan Webb, welcome. New member"}, {"start": "00:35:54", "end": "00:35:59", "text": "Ramy says, \"Okay, I appreciate your enthusiasm over Clash. I don't know how"}, {"start": "00:35:59", "end": "00:36:05", "text": "one buys Clash in Africa. Okay, you don't have to keep spamming it."}, {"start": "00:36:05", "end": "00:36:14", "text": "You can buy it on a deck like anyone else like on Phantom or Jupiter"}, {"start": "00:36:14", "end": "00:36:21", "text": "perfectly fine in Africa or anywhere. So, you just have to learn how to do it."}, {"start": "00:36:28", "end": "00:36:35", "text": "This is the lowest IQ chat I've ever seen. It's not that bad. Okay, it's not that bad."}, {"start": "00:37:09", "end": "00:37:15", "text": "Look at the bottoms of these previous panic moments."}, {"start": "00:37:15", "end": "00:37:24", "text": "The bottom of 2018, $3,000. The bottom of COVID, $3,800."}, {"start": "00:37:24", "end": "00:37:30", "text": "Bottom of FTX, it's actually 16, not $18,000."}, {"start": "00:37:30", "end": "00:37:37", "text": "And look at where we are. We're like right there."}, {"start": "00:38:05", "end": "00:38:10", "text": "uh outflows have been pretty bad except for Salana. So that's why I think Salana"}, {"start": "00:38:10", "end": "00:38:16", "text": "is actually holding a little bit better than the than the rest. But Bitcoin, Ethereum"}, {"start": "00:38:16", "end": "00:38:25", "text": "outflows clearly show one thing that there are many on Wall Street that are just as fearful as retail investors"}, {"start": "00:38:25", "end": "00:38:30", "text": "because they are retail investors and they are selling because they're fearful"}, {"start": "00:38:30", "end": "00:38:36", "text": "and many others are doing the same. They're following their herd"}, {"start": "00:38:36", "end": "00:38:42", "text": "but they will buy back because most people like to FOMO. They don't"}, {"start": "00:38:42", "end": "00:38:48", "text": "like to buy the dip. They like to FOMO in."}, {"start": "00:38:48", "end": "00:38:53", "text": "And I've noticed that too. Even with Clash, you have a lot of people that"}, {"start": "00:38:53", "end": "00:38:59", "text": "I'll give you one example. This one guy that sold like $70,000 with the Clash."}, {"start": "00:38:59", "end": "00:39:05", "text": "He sold it at bottom. He wants to come to the Vegas party. I'm like, \"Okay, then buy back.\" And then"}, {"start": "00:39:05", "end": "00:39:12", "text": "now he says, \"Well, I don't want to buy back because it's higher now.\" I'm like, \"No [ __ ] That's why you should not have"}, {"start": "00:39:12", "end": "00:39:19", "text": "panic sold in the first place. So I have no sympathy for him and he has"}, {"start": "00:39:19", "end": "00:39:26", "text": "done it before. So um but that's how normally people are. They will sell"}, {"start": "00:39:26", "end": "00:39:33", "text": "at the bottom due to fear and they eventually buy back at the top due to"}, {"start": "00:39:33", "end": "00:39:39", "text": "FOMO. But that's the opposite of what you want to do."}, {"start": "00:39:51", "end": "00:39:58", "text": "Look at the bright side. The price of yachts keep falling. Hopefully, they are lagging the rest of the market. There's"}, {"start": "00:39:58", "end": "00:40:05", "text": "some uh there are some like nice uh cars that are also depreciating"}, {"start": "00:40:05", "end": "00:40:09", "text": "like crazy. So"}, {"start": "00:40:16", "end": "00:40:22", "text": "Lazaro says you can swap Bitcoin for Soul on Trust Wallet, then get Clash. No need for"}, {"start": "00:40:22", "end": "00:40:28", "text": "exchange for a swap. It works great. Or just go to Phantom. Um"}, {"start": "00:40:28", "end": "00:40:34", "text": "or I mean trustw works because supports"}, {"start": "00:40:34", "end": "00:40:41", "text": "by the way we have another big tournament."}, {"start": "00:40:41", "end": "00:40:46", "text": "Okay, today very easy to sign up. You can sign up right on our front page. You"}, {"start": "00:40:46", "end": "00:40:53", "text": "can watch. But you go to the tournament, you'll learn about all the fantastic prizes"}, {"start": "00:40:53", "end": "00:41:02", "text": "that we're giving out for players, for spectators. Very easy to win. A lot of money in"}, {"start": "00:41:02", "end": "00:41:09", "text": "terms of soul being given out. A lot of you guys are"}, {"start": "00:41:09", "end": "00:41:14", "text": "looking to make some money. This is a great way while playing a game."}, {"start": "00:41:14", "end": "00:41:20", "text": "But in case you want to know how to buy, it's very easily broken down here."}, {"start": "00:41:20", "end": "00:41:26", "text": "Very easy. Everything is in here. The web page is working great. It looks"}, {"start": "00:41:26", "end": "00:41:32", "text": "great. We have our accounts going. Our treasury is still filled."}, {"start": "00:41:32", "end": "00:41:38", "text": "So, highly recommend everyone get involved."}, {"start": "00:41:38", "end": "00:41:44", "text": "And we have a referral system. If you invite your friends and family and people on socials to join a tournament,"}, {"start": "00:41:44", "end": "00:41:50", "text": "you can earn rewards, too. It's all built within the account."}, {"start": "00:41:54", "end": "00:41:59", "text": "So, join in. Really no excuse."}, {"start": "00:42:01", "end": "00:42:05", "text": "I'm out of coffee."}, {"start": "00:42:08", "end": "00:42:14", "text": "too broke to play video games right now. That's why we're giving out prizes."}, {"start": "00:42:14", "end": "00:42:20", "text": "First place, two soul, second one soul, third 75, fourth to 10.5. You could"}, {"start": "00:42:20", "end": "00:42:26", "text": "double that or triple that just by being a clash holder. Plus, outside the 10,"}, {"start": "00:42:26", "end": "00:42:31", "text": "top 10, 10 players win.3 soul, 10"}, {"start": "00:42:31", "end": "00:42:36", "text": "spectators win 2 soul. the chances are pretty high because we"}, {"start": "00:42:36", "end": "00:42:41", "text": "only have like maybe like 300 people"}, {"start": "00:42:41", "end": "00:42:49", "text": "overall. So, your chance of winning is extremely high. And that's all for playing a game. You"}, {"start": "00:42:49", "end": "00:42:54", "text": "could probably you make more by playing this game than going out and working at"}, {"start": "00:42:54", "end": "00:43:01", "text": "like a fast food joint. I'm pretty sure of that."}, {"start": "00:43:41", "end": "00:43:48", "text": "Yeah, I saw Dan Webb gave out five memberships. Forgot to mention it. Thank you."}, {"start": "00:43:48", "end": "00:43:51", "text": "Um,"}, {"start": "00:43:55", "end": "00:44:02", "text": "instead of giving away soul, give out season pass. It's too hard, too complex."}, {"start": "00:44:02", "end": "00:44:09", "text": "When you create account, you give your wallet and makes it so much easier."}, {"start": "00:44:21", "end": "00:44:28", "text": "Shilly, I think you're the one that's always talking FUD about Discord, man."}, {"start": "00:44:29", "end": "00:44:37", "text": "It's like we have thousands of people in there chatting, talking. I'm in there all the time. We have warnings about do"}, {"start": "00:44:37", "end": "00:44:44", "text": "not accept DMs. Do not talk to random people that DM you, impersonators."}, {"start": "00:44:44", "end": "00:44:51", "text": "I think, weren't you the one that says, \"Oh, I couldn't figure out how to join before."}, {"start": "00:45:08", "end": "00:45:13", "text": "You're giving feedback, but you're you're also trying to scare people away."}, {"start": "00:45:13", "end": "00:45:18", "text": "You could say like, \"Oh, a lot of people are impersonators. You know, you should do something about"}, {"start": "00:45:18", "end": "00:45:25", "text": "that.\" Rather than say, \"Oh, I had to leave an hour because there's so much impersonators or scammers.\" So, what"}, {"start": "00:45:25", "end": "00:45:32", "text": "kind of feedback is that? You're trying to scare people from not joining."}, {"start": "00:45:49", "end": "00:45:56", "text": "There are a lot of impersonators, you guys know, that try to impersonate me on all social media platforms, and they do"}, {"start": "00:45:56", "end": "00:46:06", "text": "so with Discord, too. And they're not even in the server. So the best thing is just don't respond to DMs. That's it."}, {"start": "00:46:06", "end": "00:46:12", "text": "It happens everywhere. Even on X, there's a lot of impersonators just like impersonators on YouTube. People always"}, {"start": "00:46:12", "end": "00:46:18", "text": "say, \"Well, why are you commenting on this so and so weird coin? It's not me.\""}, {"start": "00:46:18", "end": "00:46:25", "text": "You just have to be smart about it and think about it. Is George really saying this or is he really trying to DM me?"}, {"start": "00:46:25", "end": "00:46:29", "text": "The answer is no."}, {"start": "00:46:51", "end": "00:46:58", "text": "MJ, you don't. This is This is just AI. I'm not really here. I just have AI"}, {"start": "00:46:58", "end": "00:47:02", "text": "do the streams for me now."}, {"start": "00:47:32", "end": "00:47:37", "text": "All right, guys. I'll let you guys go. Remember,"}, {"start": "00:47:38", "end": "00:47:47", "text": "scared money doesn't make money. Is that how it goes?"}, {"start": "00:47:48", "end": "00:47:55", "text": "People that are impatient, people that don't understand, people that are trying to gamble"}, {"start": "00:47:55", "end": "00:48:02", "text": "never achieve what they're trying to achieve, which is to build financial freedom and build wealth. Okay, remember"}, {"start": "00:48:02", "end": "00:48:08", "text": "investing is a longterm thing. It's not shortterm."}, {"start": "00:48:08", "end": "00:48:13", "text": "Understand what you're investing in and look at the bigger picture. When it"}, {"start": "00:48:13", "end": "00:48:19", "text": "comes to Bitcoin, nothing fundamentally has changed. Okay,"}, {"start": "00:48:19", "end": "00:48:26", "text": "we're going through a rough patch according to Time Lee due to this one"}, {"start": "00:48:26", "end": "00:48:31", "text": "exchange, but I know there's other macro factors at play. Fear about cuts, fear"}, {"start": "00:48:31", "end": "00:48:36", "text": "about tariffs, still fear about a lot of stuff. They will pass"}, {"start": "00:48:36", "end": "00:48:44", "text": "just like all the previous times before. So stay strong, my friends. I'll see you"}, {"start": "00:48:44", "end": "00:48:52", "text": "guys tonight with our big tournament. Make sure you join it. Go to the web page, georgeplaysclroyale.com,"}, {"start": "00:48:52", "end": "00:48:57", "text": "and click on that tournament. And I hope to see you guys there. All right, have a"}, {"start": "00:48:57", "end": "00:48:59", "text": "good one. Take"}]

[{"start": "00:00:02", "end": "00:00:11", "text": "Welcome back to Cryptos Us. I am George. We're all George. So, are you ready for"}, {"start": "00:00:11", "end": "00:00:17", "text": "Bitcoin's next move? We got that callous we were looking for yesterday. One"}, {"start": "00:00:17", "end": "00:00:23", "text": "company is saving the entire market and that one company is Nvidia. So,"}, {"start": "00:00:23", "end": "00:00:29", "text": "let's talk about it. also talk about the jobs report which wasn't so good but is also helping"}, {"start": "00:00:29", "end": "00:00:37", "text": "things today and everything else that's going on in the world. All right, let's do it guys."}, {"start": "00:00:37", "end": "00:00:46", "text": "Let's do it. Welcome, welcome, welcome. Starting out the day 914."}, {"start": "00:00:46", "end": "00:00:53", "text": "Okay, obviously a little bit better than last night when we were falling to like 88,000"}, {"start": "00:00:53", "end": "00:00:58", "text": "and then we got pushed right back up because of Nvidia. And now things are"}, {"start": "00:00:58", "end": "00:01:03", "text": "looking much better. Although Bitcoin is still down versus where it was like two"}, {"start": "00:01:03", "end": "00:01:08", "text": "weeks ago, but it's definitely a start because it was looking pretty"}, {"start": "00:01:08", "end": "00:01:14", "text": "pretty bearish over the last week or so, right? At least the sentiment was from"}, {"start": "00:01:14", "end": "00:01:21", "text": "many, not me though. But yeah, so now we got something something"}, {"start": "00:01:21", "end": "00:01:30", "text": "good to pull it back. You could see right away today Dow's up almost 600. NASDAQ"}, {"start": "00:01:30", "end": "00:01:36", "text": "is almost up 500. This is like 2 minutes after market bell."}, {"start": "00:01:36", "end": "00:01:44", "text": "And uh as expected, Nvidia is up hugely. AI's up, cryptoreated stocks are up,"}, {"start": "00:01:44", "end": "00:01:50", "text": "everything everything green right now, which is good. Uh, first things first, let's talk"}, {"start": "00:01:50", "end": "00:01:56", "text": "about the delayed September report and unemployment. Unemployment jumped to"}, {"start": "00:01:56", "end": "00:02:03", "text": "4.4%. It was expected to stay at 4.3%. So, that's not good. The September"}, {"start": "00:02:03", "end": "00:02:11", "text": "report shows US added more jobs. However, they revised August downwards."}, {"start": "00:02:11", "end": "00:02:18", "text": "and we didn't get October. So overall, this was not a good jobs"}, {"start": "00:02:18", "end": "00:02:24", "text": "report. We're still missing data from October. But what people are concentrating on is this unemployment"}, {"start": "00:02:24", "end": "00:02:31", "text": "ticking upwards, which of course isn't good, but should be good"}, {"start": "00:02:31", "end": "00:02:36", "text": "in terms of helping increase the chance of a rate cut in December, which right"}, {"start": "00:02:36", "end": "00:02:45", "text": "now has climbed back up to 40%, but we really need to see that go above 50%."}, {"start": "00:02:45", "end": "00:02:52", "text": "So that actually helped things. Actually the jobs report after coming out actually pushed the market the pre uh"}, {"start": "00:02:52", "end": "00:02:59", "text": "market numbers higher and then of course you got Nvidia that"}, {"start": "00:02:59", "end": "00:03:07", "text": "is unstoppable as expected. They sold out every single chip they had"}, {"start": "00:03:07", "end": "00:03:13", "text": "and uh their earnings revenue profits off the charts. Jensen squashed this"}, {"start": "00:03:13", "end": "00:03:19", "text": "notion that they're in the AI bubble. They sold everything they they"}, {"start": "00:03:19", "end": "00:03:24", "text": "manufactured and this quarter they're estimated to"}, {"start": "00:03:24", "end": "00:03:29", "text": "to generate 65 billion in revenue which is like a 64%"}, {"start": "00:03:29", "end": "00:03:35", "text": "year-over-year gain. It's incredible. And all this is happening while having"}, {"start": "00:03:35", "end": "00:03:40", "text": "basically nothing being shipped to China. If that gets worked out, pretty"}, {"start": "00:03:40", "end": "00:03:47", "text": "much the numbers would double. But um that's how incredible all the numbers"}, {"start": "00:03:47", "end": "00:03:54", "text": "are. Jensen's basically leading this company the right way and that is why they are the biggest company on the"}, {"start": "00:03:54", "end": "00:04:00", "text": "planet and because of their earnings. Now look at today just one company one"}, {"start": "00:04:00", "end": "00:04:06", "text": "company's earnings is lifting up the entire US market and crypto market along"}, {"start": "00:04:06", "end": "00:04:13", "text": "with it. That's how incredible it is right. So you don't bet against some of"}, {"start": "00:04:13", "end": "00:04:20", "text": "these guys like Michael Bur 80% of his portfolio mostly in Palunteer"}, {"start": "00:04:20", "end": "00:04:27", "text": "but 80% of his portfolio is shorting Palunteer Nvidia."}, {"start": "00:04:27", "end": "00:04:34", "text": "I'm pretty sure it's not looking too good today."}, {"start": "00:04:34", "end": "00:04:40", "text": "I don't even know how this is around because I thought he closed his fund. I I thought he closed his company. So, I I"}, {"start": "00:04:40", "end": "00:04:48", "text": "don't I don't even know. I guess he left his positions open. Um, you know, sometimes you just"}, {"start": "00:04:48", "end": "00:04:56", "text": "you just got to use your logic, right? Like there's no guessing. You just use logic. The AMD has no compet I mean"}, {"start": "00:04:56", "end": "00:05:02", "text": "Nvidia has no competition and and they have spectacular numbers and"}, {"start": "00:05:02", "end": "00:05:11", "text": "they're led by a brilliant genius CEO. I mean, what else? What else do you want?"}, {"start": "00:05:11", "end": "00:05:17", "text": "Um, all right. Outside of these things, uh, there's also reports that this this"}, {"start": "00:05:17", "end": "00:05:25", "text": "war may be ending, that Russia and US have a secret peace plan and Ukraine is"}, {"start": "00:05:25", "end": "00:05:31", "text": "under pressure to accept it. So, who knows? Who knows if this goes"}, {"start": "00:05:31", "end": "00:05:37", "text": "through? If so, ending the war would obviously be good, but maybe not so good for Ukraine. I don't know. But this also"}, {"start": "00:05:37", "end": "00:05:45", "text": "came out recently. We'll see what that entails soon. All"}, {"start": "00:05:45", "end": "00:05:51", "text": "right, moving to uh more Bitcoin related stuff outside of geopolitical macro"}, {"start": "00:05:51", "end": "00:05:58", "text": "stuff. Uh ETF inflow. Yesterday it reversed."}, {"start": "00:05:58", "end": "00:06:05", "text": "It reversed. Then yesterday, see the thing is sometimes it's the opposite of what you think. Yesterday markets were"}, {"start": "00:06:05", "end": "00:06:12", "text": "not good. Bitcoin was sliding down yet the inflow turned positive."}, {"start": "00:06:12", "end": "00:06:18", "text": "Just the day before we had a massive, massive outflow from Black Rockck and you figure maybe that's a trend. No,"}, {"start": "00:06:18", "end": "00:06:26", "text": "yesterday actually turned positive and Grayscale actually took in too. So overall we had a positive day of 75"}, {"start": "00:06:26", "end": "00:06:34", "text": "million. not the strongest day, but again, that could tell you something"}, {"start": "00:06:34", "end": "00:06:40", "text": "that even some on Wall Street or the Mega Whales or whoever"}, {"start": "00:06:40", "end": "00:06:48", "text": "are starting to load up because they feel like, hey, it's just too attractive at this point not to. Ethereum, not so"}, {"start": "00:06:48", "end": "00:06:56", "text": "much. had a $37 million outflow day, but Solana had one of its greatest days ever"}, {"start": "00:06:56", "end": "00:07:02", "text": "since the beginning, almost a $50 million inflow."}, {"start": "00:07:02", "end": "00:07:08", "text": "So, obviously, there is interest in Salana"}, {"start": "00:07:08", "end": "00:07:16", "text": "and it they haven't had an outflow day so far. So, good. That's very good."}, {"start": "00:07:16", "end": "00:07:22", "text": "What else is there? Uh Simon from uh MetaPlanet"}, {"start": "00:07:22", "end": "00:07:27", "text": "basically copying strategy. Exactly."}, {"start": "00:07:27", "end": "00:07:34", "text": "So he is going to come out with Mercury which is a new"}, {"start": "00:07:34", "end": "00:07:41", "text": "preferred equity preferred shares uh and you you you get a dividend and"}, {"start": "00:07:41", "end": "00:07:48", "text": "you convert it to MetaPlanet stock"}, {"start": "00:07:48", "end": "00:07:54", "text": "and they're raising like a hundred something million 150 million"}, {"start": "00:07:54", "end": "00:08:00", "text": "and of course they're doing this to buy more Bitcoin. So, I mean, I don't know how Sailor feels about this. I know"}, {"start": "00:08:00", "end": "00:08:06", "text": "Sailor does like people to start Bitcoin treasuries and follow in his footsteps,"}, {"start": "00:08:06", "end": "00:08:13", "text": "but like MetaPlanet is following like exactly the same one for one."}, {"start": "00:08:13", "end": "00:08:21", "text": "So, I don't know how he feels about being copied like that. Maybe he doesn't mind. Maybe he's the one who convinced Simon to do it. Who knows? But now we"}, {"start": "00:08:21", "end": "00:08:28", "text": "have two companies that are doing the same thing that just keeps launching"}, {"start": "00:08:28", "end": "00:08:35", "text": "um you know prefer shares now to raise more money to buy more Bitcoin."}, {"start": "00:08:35", "end": "00:08:41", "text": "I guess it's good for our Bitcoin for Bitcoiners overall. Uh and Sailor of"}, {"start": "00:08:41", "end": "00:08:47", "text": "course says that they're going to accelerate their buying"}, {"start": "00:08:47", "end": "00:08:53", "text": "and people will be pleasantly surprised. So, of course, Sailor's never going to back down."}, {"start": "00:08:53", "end": "00:09:00", "text": "A lot of FUD around strategy recently, but Sailor is ignoring all that and saying, you know, I don't care. I'm"}, {"start": "00:09:00", "end": "00:09:07", "text": "going to buy more. But I'm waiting to see if he's going to debate Peter Schiff, though. Um,"}, {"start": "00:09:07", "end": "00:09:12", "text": "that would be interesting because Peter Schiff is no longer wanting to debate him about Bitcoin, wanting to debate him"}, {"start": "00:09:12", "end": "00:09:17", "text": "about his company and what he's doing with all the preferred preferred shares."}, {"start": "00:09:17", "end": "00:09:25", "text": "So, that'll be interesting. I don't know if he's going to accept that, but we'll see. We'll see. Uh, what else? You got"}, {"start": "00:09:25", "end": "00:09:30", "text": "this other Japanese company, ANAP Holdings."}, {"start": "00:09:30", "end": "00:09:38", "text": "Anap ANAP. Uh, they purchased another 20 Bitcoin. Overall, they hold,00 Bitcoin."}, {"start": "00:09:38", "end": "00:09:45", "text": "That's quite a lot. They're number 46 on the Bitcoin 100 ranking."}, {"start": "00:09:45", "end": "00:09:51", "text": "So again, the fundamentals of Bitcoin"}, {"start": "00:09:51", "end": "00:09:56", "text": "continues to grow, right? And part of that is just all these companies, public"}, {"start": "00:09:56", "end": "00:10:04", "text": "trade companies and institutions adopting and and buying and you know that's that didn't stop. That didn't"}, {"start": "00:10:04", "end": "00:10:11", "text": "stop. So despite the price being lower, the buying continues. And I have some"}, {"start": "00:10:11", "end": "00:10:17", "text": "some charts to show you guys. that show"}, {"start": "00:10:17", "end": "00:10:24", "text": "a reversal is coming or is here ready."}, {"start": "00:10:24", "end": "00:10:30", "text": "Uh okay, let's start those. Like for example, whale transactions have"}, {"start": "00:10:30", "end": "00:10:36", "text": "increased dramatically over the last few weeks."}, {"start": "00:10:36", "end": "00:10:41", "text": "103,000 whale transactions over 100k 29,000"}, {"start": "00:10:41", "end": "00:10:48", "text": "transactions exceeding a million. And normally speaking, when you have a"}, {"start": "00:10:48", "end": "00:10:54", "text": "ton of whale activity,"}, {"start": "00:10:54", "end": "00:10:59", "text": "that means you get that reversal, that bottom and reversal."}, {"start": "00:10:59", "end": "00:11:04", "text": "Sentiment says you go from dumping to accumulating."}, {"start": "00:11:04", "end": "00:11:09", "text": "Here's something else. Bitfinex, which used to be like the biggest exchange for"}, {"start": "00:11:09", "end": "00:11:16", "text": "people to trade futures with. Um, but they're still pretty big, large volume."}, {"start": "00:11:16", "end": "00:11:22", "text": "You could see here whenever the green, you could see"}, {"start": "00:11:22", "end": "00:11:32", "text": "whenever there are massive amount of longs, that's usually when a reversal happens."}, {"start": "00:11:32", "end": "00:11:38", "text": "Look at the last time this happened. Look at the last time when the longs were just high. It was"}, {"start": "00:11:38", "end": "00:11:43", "text": "when Bitcoin fell down to 73,000. That's when the whales loaded up on"}, {"start": "00:11:43", "end": "00:11:49", "text": "their longs. It happened when back in, you know, back"}, {"start": "00:11:49", "end": "00:11:54", "text": "in 2024, right around September, October time frame, too. So, it's looking very"}, {"start": "00:11:54", "end": "00:11:59", "text": "similar. There are a lot of whales and you can"}, {"start": "00:11:59", "end": "00:12:06", "text": "see even Wall Street. I showed you the ETF turning positive. There are definitely a lot on Wall Street and"}, {"start": "00:12:06", "end": "00:12:14", "text": "Bitcoin Wales that's preparing for the turnaround. They may they may know something or they"}, {"start": "00:12:14", "end": "00:12:20", "text": "may be part of the turnaround. You just don't know. But they are definitely loading up. Here's something else too."}, {"start": "00:12:20", "end": "00:12:26", "text": "Here's a capitulation metric. I don't know what how this measures capitulation. Maybe how many people sold"}, {"start": "00:12:26", "end": "00:12:33", "text": "at a loss or something like that. But again, whenever this metric is skyhigh,"}, {"start": "00:12:33", "end": "00:12:40", "text": "that's when we turn around, right? And it has never been higher than now. Uh"}, {"start": "00:12:40", "end": "00:12:48", "text": "and again, the last time this spiked was back in April, March and April when Bitcoin fell to 74,000. It is higher now"}, {"start": "00:12:48", "end": "00:12:56", "text": "than even then. And of course a lot of other things I've shown like for example RSI fear level"}, {"start": "00:12:56", "end": "00:13:02", "text": "shows that we are basically at the same point as April."}, {"start": "00:13:02", "end": "00:13:09", "text": "These are all signals. A lot of signals."}, {"start": "00:13:09", "end": "00:13:18", "text": "Okay. And here's a final one again comparing us to April. So, a lot of people may be"}, {"start": "00:13:18", "end": "00:13:24", "text": "new or are very fearful and they're like, \"Oh, we have never never seen this before. We're entering a bare market.\""}, {"start": "00:13:24", "end": "00:13:31", "text": "Same thing was said earlier this year when we fell down 32% from the top. We"}, {"start": "00:13:31", "end": "00:13:39", "text": "hit 109. I remember that. I was actually at a um a Miami Heat game, I believe."}, {"start": "00:13:39", "end": "00:13:44", "text": "Well, that's when we broke 100, I think. Yeah, we did hit 109. Um but whatever"}, {"start": "00:13:44", "end": "00:13:50", "text": "you know then we fell back down to 70s something thousand and people were calling the same thing is the bull run"}, {"start": "00:13:50", "end": "00:13:58", "text": "over did we enter crypto winter? Are we sliding down more and you know what"}, {"start": "00:13:58", "end": "00:14:05", "text": "after it was done we recovered back up and went and formed a new high."}, {"start": "00:14:06", "end": "00:14:13", "text": "So it's not like we haven't seen this before. It's actually like almost like same kind of pattern."}, {"start": "00:14:13", "end": "00:14:18", "text": "So, it's not over, guys. It's not over. The reversal, all these indicators and"}, {"start": "00:14:18", "end": "00:14:24", "text": "metrics and the growing fundamentals show that it is not over. We are going"}, {"start": "00:14:24", "end": "00:14:32", "text": "to reverse back up and we may have to wait until 2026, but"}, {"start": "00:14:32", "end": "00:14:37", "text": "we still got a month and a half left for things to turn around in a big way."}, {"start": "00:14:37", "end": "00:14:45", "text": "Nvidia helped us today, but there are a lot more things coming."}, {"start": "00:14:45", "end": "00:14:50", "text": "A lot more things coming. And then uh I saw this too. Circle just"}, {"start": "00:14:50", "end": "00:14:57", "text": "minted 500 million USDC. Okay. Normally speaking, they don't just"}, {"start": "00:14:57", "end": "00:15:03", "text": "mint stables uh for no reason. It's because people"}, {"start": "00:15:03", "end": "00:15:10", "text": "put in the money for them to do that. So again, another signal, another sign"}, {"start": "00:15:10", "end": "00:15:17", "text": "that whales are coming in or getting ready to buy."}, {"start": "00:15:20", "end": "00:15:26", "text": "Tom Lee also said that too. Tom Lee, I I showed you guys this interview yesterday, but basically"}, {"start": "00:15:26", "end": "00:15:33", "text": "Tom Lee is like, \"Yeah, I think it's going to the bottom will be this week.\""}, {"start": "00:15:33", "end": "00:15:42", "text": "And he even said something yesterday that I quoted. Basically, he was saying that he believes that maybe one or two"}, {"start": "00:15:42", "end": "00:15:48", "text": "market makers are filling a hole because they lost a lot of money and that's why"}, {"start": "00:15:48", "end": "00:15:55", "text": "the market seems like it's so suppressed. Why there's so many liquidations"}, {"start": "00:15:57", "end": "00:16:03", "text": "and it makes total sense. It's been what I what I've been saying. there's like a group or entity that's been holding us"}, {"start": "00:16:03", "end": "00:16:10", "text": "back, right? And it makes you wonder who that one market maker is, who has that much sway"}, {"start": "00:16:10", "end": "00:16:16", "text": "and power over the entire crypto market. Someone that I mentioned before, the"}, {"start": "00:16:16", "end": "00:16:21", "text": "largest exchange on the planet"}, {"start": "00:16:21", "end": "00:16:28", "text": "trying to fill a hole. Yeah, even Tom Lee recognizes that."}, {"start": "00:16:28", "end": "00:16:36", "text": "All right, that's it. US market is still pretty green."}, {"start": "00:16:36", "end": "00:16:42", "text": "Coinbase didn't Coinbase turned red. Strategy barely cling on. Nvidia is still doing"}, {"start": "00:16:42", "end": "00:16:48", "text": "very well. Today is like AI day, I think."}, {"start": "00:16:48", "end": "00:16:56", "text": "All right, let's do some Q&A."}, {"start": "00:17:31", "end": "00:17:36", "text": "Clash recovering nicely. 35 million."}, {"start": "00:17:36", "end": "00:17:44", "text": "Another tournament. Big tournament tomorrow. I showed off last night. We got fancy new accounts for all all"}, {"start": "00:17:44", "end": "00:17:52", "text": "participants, players, spectators. Very easy to join, very easy to win,"}, {"start": "00:17:52", "end": "00:17:57", "text": "massive prizes for spectating, for playing,"}, {"start": "00:17:57", "end": "00:18:04", "text": "and we have big progress with our Clash Pix prediction market platform that is"}, {"start": "00:18:04", "end": "00:18:09", "text": "going to be a game changer. So, you guys don't want to want to miss"}, {"start": "00:18:09", "end": "00:18:16", "text": "out. I'm surprised how little of you guys actually join"}, {"start": "00:18:16", "end": "00:18:24", "text": "the night streams. You still tune in to the night videos, but like barely any of"}, {"start": "00:18:24", "end": "00:18:32", "text": "you guys are joining my nightstream with Clash. And uh that's surprising and"}, {"start": "00:18:32", "end": "00:18:39", "text": "disappointing at the same time. Again, just because it's on another channel doesn't mean that you guys can't"}, {"start": "00:18:39", "end": "00:18:45", "text": "can't join. It's just like surprising how many of you guys are not in Discord, too. And"}, {"start": "00:18:45", "end": "00:18:51", "text": "somehow like people are surprised I have a Discord."}, {"start": "00:19:03", "end": "00:19:09", "text": "194 for Nvidia. Uh last week or two weeks ago hit 210."}, {"start": "00:19:09", "end": "00:19:16", "text": "So still off, but a good start. Broadcom, huge jump. They're actually near their"}, {"start": "00:19:16", "end": "00:19:23", "text": "all-time high. So good for them. Robin Hood, not so much."}, {"start": "00:19:23", "end": "00:19:29", "text": "Coinbase and Micro Strategy. Micro Strategy shares are hurting, man."}, {"start": "00:19:29", "end": "00:19:37", "text": "They're all the way back down to September 2024 levels or October."}, {"start": "00:19:51", "end": "00:19:57", "text": "I am 56 year old. I'm not into gaming. Hey, if you're into crypto, then you"}, {"start": "00:19:57", "end": "00:20:04", "text": "should be into it. Because it's not just me playing Clash Royale for no reason."}, {"start": "00:20:04", "end": "00:20:10", "text": "It's because of the Clash project, which I am leading and I am building and it is"}, {"start": "00:20:10", "end": "00:20:17", "text": "one of the best projects out there. I don't even think there's any web 3 game projects that are doing better than us."}, {"start": "00:20:17", "end": "00:20:22", "text": "So, if you're watching me right now and you're in crypto and you want to learn how to make money and you want to invest"}, {"start": "00:20:22", "end": "00:20:33", "text": "in good projects, well then why would you not be interested in the project that I've started? Think about that,"}, {"start": "00:20:37", "end": "00:20:44", "text": "Anthony. Uh, no, no, I would not be involved with any token sale right now."}, {"start": "00:20:44", "end": "00:20:52", "text": "A lot of people keep asking about this Monad token sale. You know, it's going to be over overs subscribed."}, {"start": "00:20:52", "end": "00:20:59", "text": "People are go like try to FOMO in because it's like the first ICO from Coinbase or whatever. But look at all"}, {"start": "00:20:59", "end": "00:21:05", "text": "these like very famous launches that we've had recent in recent times. They"}, {"start": "00:21:05", "end": "00:21:11", "text": "all done horribly afterwards. So,"}, {"start": "00:21:11", "end": "00:21:17", "text": "yeah. So, I won't be getting involved. And uh that's that. It's supposed to be"}, {"start": "00:21:17", "end": "00:21:23", "text": "some new L1, some really fast and good L1. As if we"}, {"start": "00:21:23", "end": "00:21:27", "text": "don't have those already."}, {"start": "00:21:55", "end": "00:22:01", "text": "Am I guilt tripping? Yeah. Yeah, in a way."}, {"start": "00:22:05", "end": "00:22:12", "text": "Is the bull market over? No, it is not. It is not."}, {"start": "00:22:17", "end": "00:22:21", "text": "By the way, I still"}, {"start": "00:22:26", "end": "00:22:33", "text": "uh I think a lot of you guys don't follow me on X either. You should. Almost at 300,000 subscribers. But what"}, {"start": "00:22:33", "end": "00:22:39", "text": "I want to show you is the the Clash X and this the GEM giveaway. There's only"}, {"start": "00:22:39", "end": "00:22:47", "text": "nine days left. We got 6,000 something entries. It's not too late to participate."}, {"start": "00:22:47", "end": "00:22:53", "text": "All right. One one winner will win over $1,000."}, {"start": "00:22:54", "end": "00:23:02", "text": "One grand prize winner. And then five other winners will win one soul. And then one winner will win a T3 NFT. Okay."}, {"start": "00:23:02", "end": "00:23:08", "text": "And all you have to do is follow our socials, join our Discord."}, {"start": "00:23:08", "end": "00:23:15", "text": "If you tune in at night streams, you could actually try to get the secret code, which a lot of people have been doing. And you could refer friends to"}, {"start": "00:23:15", "end": "00:23:21", "text": "Clash as well, very simple things."}, {"start": "00:23:22", "end": "00:23:28", "text": "And don't let the entries fool you because a lot of this is uh bots, which I removed. So, it's actually a lot less."}, {"start": "00:23:28", "end": "00:23:34", "text": "So, your chance of winning is actually a lot higher than what that says. But you"}, {"start": "00:23:34", "end": "00:23:42", "text": "guys should all participate in this. It's on the Clashes X page pinned to the"}, {"start": "00:23:42", "end": "00:23:45", "text": "top."}, {"start": "00:24:22", "end": "00:24:29", "text": "Man, we need to We need more action with the with the"}, {"start": "00:24:29", "end": "00:24:35", "text": "alts. But I I do think Soul is being helped a little bit slightly"}, {"start": "00:24:35", "end": "00:24:43", "text": "by the ETFs. The ETFs now there's like five ETFs, four ETFs for Soul. Um"}, {"start": "00:24:43", "end": "00:24:50", "text": "yeah, five of them. And yesterday was a pretty good 50 million inflow. So"}, {"start": "00:24:50", "end": "00:24:55", "text": "I think it's starting to have a little effect."}, {"start": "00:25:02", "end": "00:25:08", "text": "Are we going to have a all season this cycle? Yes, but the cycle may extend"}, {"start": "00:25:08", "end": "00:25:15", "text": "well into 2026 and keep going. So, you may have to wait longer."}, {"start": "00:25:31", "end": "00:25:37", "text": "Uh, how's Nvidia earning going? Say Bitcoin correlation is just not there. Did you notice that the reason why"}, {"start": "00:25:37", "end": "00:25:44", "text": "Bitcoin turned around from 88, the exact point of the turnaround was"}, {"start": "00:25:44", "end": "00:25:51", "text": "after Nvidia earnings. It's indirect. But if the US market does"}, {"start": "00:25:51", "end": "00:25:57", "text": "well and traders go from risk off assets"}, {"start": "00:25:57", "end": "00:26:04", "text": "to risk on assets, part of that shift is moving to Bitcoin."}, {"start": "00:26:04", "end": "00:26:10", "text": "Think about it. When everyone's fearful and markets are in red, no one's buying"}, {"start": "00:26:10", "end": "00:26:15", "text": "Bitcoin and crypto. But when things are green and people are"}, {"start": "00:26:15", "end": "00:26:23", "text": "feeling good and they're selling off their gold and silver and US treasury bonds, what are they buying?"}, {"start": "00:26:23", "end": "00:26:30", "text": "Stocks, tech, AI, crypto. That's the correlation. It's not a"}, {"start": "00:26:30", "end": "00:26:39", "text": "direct correlation. It's not a direct one to one direction correlation, but there is definitely a a correlation."}, {"start": "00:26:58", "end": "00:27:04", "text": "Can we do a tournament where someone wins my Ferrari? Sure. If Clash gets to a billion, you guys help me do that,"}, {"start": "00:27:04", "end": "00:27:09", "text": "then I can certainly do that."}, {"start": "00:27:09", "end": "00:27:17", "text": "But don't ask me to do it when you're not helping contributing to the growth of Clash."}, {"start": "00:27:25", "end": "00:27:32", "text": "Roberto, it's the very first pinned tweet on here."}, {"start": "00:27:32", "end": "00:27:41", "text": "You can't if you can navigate to this, then you can see it. It's right there. Clash giveaway. Very first tweet."}, {"start": "00:27:42", "end": "00:27:49", "text": "In fact, I'll just make it easy for you guys since so many of you guys can't find links or navigate. I'm just go pin"}, {"start": "00:27:49", "end": "00:27:55", "text": "it to the live chat. And you guys should all subscribe."}, {"start": "00:28:10", "end": "00:28:17", "text": "I don't too bad I don't have any screenshots of the prediction market uh with me on this computer, but"}, {"start": "00:28:17", "end": "00:28:24", "text": "it's it's going to be awesome. It's going to be awesome for sure."}, {"start": "00:28:41", "end": "00:28:44", "text": "How did"}, {"start": "00:28:46", "end": "00:28:51", "text": "soul soul? How did you become a mod?"}, {"start": "00:28:55", "end": "00:29:01", "text": "I don't even know who you are. And somehow you have a wrench."}, {"start": "00:29:13", "end": "00:29:20", "text": "Well, I removed it. Not that you're bad or anybody. I'm like, I don't have a lot of mods in this channel. Where do you"}, {"start": "00:29:20", "end": "00:29:23", "text": "come from?"}, {"start": "00:29:41", "end": "00:29:48", "text": "Josh, I have no idea. Maybe it was a mod a very long time ago or something."}, {"start": "00:30:01", "end": "00:30:07", "text": "There's another one. MF Jones."}, {"start": "00:30:07", "end": "00:30:16", "text": "Oh, you change up names. Yeah. Okay. I know you. Okay. I'm like, where are these random mods coming from?"}, {"start": "00:30:26", "end": "00:30:32", "text": "Uh, Lazaro, hey George, I bought only Bitcoin at"}, {"start": "00:30:32", "end": "00:30:38", "text": "21K. I'm tempted to put half on Clash. I'm like 16x on Clash. I don't know if I'm being too greedy. Your thoughts?"}, {"start": "00:30:38", "end": "00:30:45", "text": "Well, you know, you're you're gonna get a biased answer from me obviously because I created Clash, but I will just"}, {"start": "00:30:45", "end": "00:30:52", "text": "tell you this and people in Discord know and people that tune in my live live streams at night know I spend all day"}, {"start": "00:30:52", "end": "00:31:00", "text": "every day working on improving Clash. Okay, it's like my passion project and"}, {"start": "00:31:00", "end": "00:31:06", "text": "it's something that I really want to succeed. Now, whether it truly gets to a billion, I don't know if I can make that"}, {"start": "00:31:06", "end": "00:31:15", "text": "happen, but I'm gonna try. And every week there's been continuous improvement"}, {"start": "00:31:15", "end": "00:31:21", "text": "in terms of something. Yesterday, the accounts were pretty much created. For"}, {"start": "00:31:21", "end": "00:31:27", "text": "some of you guys, you may not think that's a big deal, but for people that's been playing in tournaments, it's been"}, {"start": "00:31:27", "end": "00:31:32", "text": "like hard. People don't know where to go. People don't know how to sign up. People don't"}, {"start": "00:31:32", "end": "00:31:37", "text": "know how to get a link. People don't know if they got giveaways. People don't know a lot of stuff. Now, it's all"}, {"start": "00:31:37", "end": "00:31:44", "text": "integrated into accounts. That's very easy to navigate, very easy to understand. And that took like a week to"}, {"start": "00:31:44", "end": "00:31:50", "text": "do, over a week, a lot of mods to do that. And now we're working on Clash"}, {"start": "00:31:50", "end": "00:31:57", "text": "Pix, which is our prediction market platform. We're going to integrate that as well into our tournaments and even"}, {"start": "00:31:57", "end": "00:32:03", "text": "for just general things. And we may even open it up so that you"}, {"start": "00:32:03", "end": "00:32:10", "text": "can make bets on predictions with even soul and we could become the biggest prediction marketplace on top of Salana"}, {"start": "00:32:10", "end": "00:32:18", "text": "because right now there isn't any. So these are things I'm working on every single day."}, {"start": "00:32:18", "end": "00:32:24", "text": "So that's my answer. So you decide what you want to do with that."}, {"start": "00:32:27", "end": "00:32:32", "text": "And plus, you know, still talking to exchanges and stuff, but I know a lot of people put too much faith in that. Like"}, {"start": "00:32:32", "end": "00:32:38", "text": "I've talked to Kraken, talked to OKX, talked to a lot of these exchanges, but"}, {"start": "00:32:38", "end": "00:32:43", "text": "exchange listings aren't going to do anything unless you're building and growing. You got to grow your base. You"}, {"start": "00:32:43", "end": "00:32:49", "text": "got to have a good product. There's no other community project that's doing anything close to what we're doing."}, {"start": "00:32:49", "end": "00:32:58", "text": "None. So, we have a leg up on everyone. and leg up because I am who I am too."}, {"start": "00:33:05", "end": "00:33:12", "text": "Uh, crypto pleb plebs. Appreciate that. Appreciate it."}, {"start": "00:33:15", "end": "00:33:24", "text": "Ron Paul, I remember you. I know you you've been here for a long time. I just don't recognize that soul soul guy."}, {"start": "00:33:24", "end": "00:33:30", "text": "And normally speaking, I don't I don't see you guys a lot of you mods. Maybe you're just"}, {"start": "00:33:30", "end": "00:33:38", "text": "lurking in the background and that's fine, but normally I don't see a lot of wrenches."}, {"start": "00:33:42", "end": "00:33:48", "text": "And Broadcom is even doing better than Nvidia today. Up almost 6%. Nvidia 4 and"}, {"start": "00:33:48", "end": "00:33:54", "text": "a half% hood up 2.3%."}, {"start": "00:34:01", "end": "00:34:07", "text": "I just realized my uh my camera is blocking things."}, {"start": "00:34:32", "end": "00:34:39", "text": "Dylan says, \"George, I had a friend show me Hideera yesterday. Looks like a decent L1. I know nothing about it.\""}, {"start": "00:34:39", "end": "00:34:46", "text": "Yeah, they're decent L1. Um, founded by good people. They have a good"}, {"start": "00:34:46", "end": "00:34:52", "text": "console of like tech companies like they almost have like a cabal sort of so you"}, {"start": "00:34:52", "end": "00:34:58", "text": "could question whether or not they're truly decentralized but"}, {"start": "00:34:58", "end": "00:35:05", "text": "um they're American based um they have their own ETF now and"}, {"start": "00:35:05", "end": "00:35:12", "text": "you know they're a decent project just I I don't hear a lot of DAPs or anything running on top of them that you know I I"}, {"start": "00:35:12", "end": "00:35:20", "text": "don't think they even have a big DEX X uh or DeFi ecosystem. Crowded Combat"}, {"start": "00:35:20", "end": "00:35:28", "text": "uh is on top of Hideera, but they're not doing very well either. So,"}, {"start": "00:35:29", "end": "00:35:33", "text": "they're decent. I'll just say they're decent."}, {"start": "00:35:36", "end": "00:35:41", "text": "JL Molly, you play predictions on uh Poly Market"}, {"start": "00:35:41", "end": "00:35:49", "text": "or uh Robin Hood. It's a big thing. I don't know if you guys paid attention. Prediction market is the next big thing."}, {"start": "00:35:49", "end": "00:35:55", "text": "Coinbase is coming out with their own. Robin Hood already has theirs. Obviously, Poly Market's doing well."}, {"start": "00:35:55", "end": "00:36:01", "text": "That's why I'm so enthusiastic about Clash Picks. It's going to be it's going"}, {"start": "00:36:01", "end": "00:36:06", "text": "to be awesome. It'll be very simple for anyone to participate. They'll be free."}, {"start": "00:36:06", "end": "00:36:12", "text": "You can participate for free. You can make bets for free. It's going to be the only platform where you can actually"}, {"start": "00:36:12", "end": "00:36:18", "text": "make bets for free and still be rewarded because there'll be weekly prizes for the leaderboard"}, {"start": "00:36:18", "end": "00:36:24", "text": "uh winners of uh even free bets basically. And then of course"}, {"start": "00:36:24", "end": "00:36:30", "text": "you can also bet with Clash and we'll probably open up where some of the"}, {"start": "00:36:30", "end": "00:36:37", "text": "predictions are um in Soul or USDC or something like that."}, {"start": "00:36:37", "end": "00:36:42", "text": "I'm really excited about. We could do so many things with it."}, {"start": "00:36:56", "end": "00:37:02", "text": "Waiting for October jobs report."}, {"start": "00:37:02", "end": "00:37:10", "text": "Did the percentages move while I streamed? Yeah, it went up 44%."}, {"start": "00:37:10", "end": "00:37:18", "text": "Today's jobs report mostly this is like the headline right here."}, {"start": "00:37:18", "end": "00:37:23", "text": "Not so much the September numbers. It's really the unemployment went up 4.4%."}, {"start": "00:37:23", "end": "00:37:31", "text": "And that is based in October. I mean September, so October could be even higher. So the worse the numbers are,"}, {"start": "00:37:31", "end": "00:37:36", "text": "the higher this goes."}, {"start": "00:37:38", "end": "00:37:43", "text": "And we definitely want a rate cut in December."}, {"start": "00:37:52", "end": "00:37:58", "text": "Steve, you come out with a video every single day and you tell me how easy it"}, {"start": "00:37:58", "end": "00:38:04", "text": "is to come up with new titles, new catchy titles. Okay, you do it for"}, {"start": "00:38:04", "end": "00:38:11", "text": "seven years and you come back to me and tell me how easy it is."}, {"start": "00:38:23", "end": "00:38:29", "text": "Reckless says the only thing being cut is the number of branches."}, {"start": "00:38:31", "end": "00:38:37", "text": "Uh actually it's been 8 years. Not even seven years. It's been eight years."}, {"start": "00:38:52", "end": "00:38:59", "text": "Better to bet with soul than clash on prediction platform. Well, it depends."}, {"start": "00:38:59", "end": "00:39:04", "text": "It depends. We still want to make Clash the focus, but it's okay if we open up to soul because there's more people that"}, {"start": "00:39:04", "end": "00:39:10", "text": "have sold and uh there'll be a percentage of the fees or percentage of"}, {"start": "00:39:10", "end": "00:39:16", "text": "each pool uh will be taken out as fees and that'll be converted to Clash and be"}, {"start": "00:39:16", "end": "00:39:22", "text": "put into treasury. So regardless, it's going to help Clash. But I think I'm going to set the fees higher with Soul"}, {"start": "00:39:22", "end": "00:39:28", "text": "versus Clash. So, there's still some benefits to"}, {"start": "00:39:28", "end": "00:39:33", "text": "to using Clash, right? But I think the I think the idea is to"}, {"start": "00:39:33", "end": "00:39:42", "text": "try to make it as inclusive as possible. So, people that don't want to use real crypto could use our fake currency and"}, {"start": "00:39:42", "end": "00:39:49", "text": "the one that lives within the platform and bet for free. Basically, they're given that. But also people that do want"}, {"start": "00:39:49", "end": "00:39:56", "text": "to use their own crypto, they can."}, {"start": "00:39:59", "end": "00:40:03", "text": "Clarkson, why would I tell you that?"}, {"start": "00:40:04", "end": "00:40:12", "text": "That's like asking me how much money do you have or how much Bitcoin do you have? Why would I answer that?"}, {"start": "00:40:17", "end": "00:40:23", "text": "In fact, you're just getting banned from the channel because you're being a [ __ ] [ __ ]"}, {"start": "00:40:26", "end": "00:40:33", "text": "Pepperoni Jabroni, I already answered. I already answered that. I'm staying"}, {"start": "00:40:33", "end": "00:40:37", "text": "away from the Monad ICO."}, {"start": "00:40:49", "end": "00:40:55", "text": "Ian asks, \"If someone comes to your house and asks you, hey, how much money do you make?\""}, {"start": "00:40:55", "end": "00:41:00", "text": "Is that an appropriate answer or a question? You happy to answer that for"}, {"start": "00:41:00", "end": "00:41:06", "text": "people, strangers that come into your house?"}, {"start": "00:41:17", "end": "00:41:22", "text": "You know, people have no etiquette. See,"}, {"start": "00:41:22", "end": "00:41:28", "text": "is that how you say etiquette? Sometimes they feel like because they"}, {"start": "00:41:28", "end": "00:41:35", "text": "watch you, you're obligated to tell them everything about your life. I'm happy to share things I want to share but there"}, {"start": "00:41:35", "end": "00:41:42", "text": "are limits especially in crypto you don't want to reveal too much."}, {"start": "00:41:42", "end": "00:41:48", "text": "I mean it's you know as a safety thing too you don't want to reveal too much. That's why before people would say oh"}, {"start": "00:41:48", "end": "00:41:55", "text": "this is how much crypto I have. I tell people don't don't say publicly how much you have."}, {"start": "00:42:09", "end": "00:42:15", "text": "Um, what kind of truck did Josh end up buying? Well, you could ask him"}, {"start": "00:42:15", "end": "00:42:21", "text": "yourself. Uh, but he shared in the car channel in"}, {"start": "00:42:21", "end": "00:42:26", "text": "Discord, but you know, maybe he he wants to keep that secret. But it's a badass"}, {"start": "00:42:26", "end": "00:42:35", "text": "truck. That's all that's all I can say. Way too loud, but it's a badass truck."}, {"start": "00:42:45", "end": "00:42:50", "text": "Have I done a behind the back three in my gym? Uh, no."}, {"start": "00:42:50", "end": "00:42:57", "text": "No, I have not. I bought a exercise bike, like a gym bike,"}, {"start": "00:42:57", "end": "00:43:05", "text": "uh because I normally when I go to a gym, I only just ride a bike to do cardio. So, I decided to just buy a bike"}, {"start": "00:43:05", "end": "00:43:11", "text": "for my house. And um"}, {"start": "00:43:11", "end": "00:43:20", "text": "and the seat is not the same. I like biking, but the seat is very uncomfortable. So, I have to do something about that."}, {"start": "00:43:32", "end": "00:43:35", "text": "All right, guys."}, {"start": "00:43:41", "end": "00:43:48", "text": "That is it. Nvidia leading the way today. Nvidia and Clash leading the way, I"}, {"start": "00:43:48", "end": "00:43:54", "text": "should say. Um, we'll see what happens. Besides Nvidia,"}, {"start": "00:43:54", "end": "00:43:59", "text": "there are other things at play obviously, right? I talk about the fundamentals every single day. I talk"}, {"start": "00:43:59", "end": "00:44:07", "text": "about these charts now that show that whale activity is increasing and"}, {"start": "00:44:07", "end": "00:44:12", "text": "that's usually a signal for a reversal. So,"}, {"start": "00:44:12", "end": "00:44:18", "text": "stay strong, my friends. I'll see you guys later tonight. All"}, {"start": "00:44:18", "end": "00:44:23", "text": "right. Smash it a like. Subscribe to the channel. Have a good one, guys."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Welcome back. So today"}, {"start": "00:00:04", "end": "00:00:06", "text": "we got that catalyst we were looking"}, {"start": "00:00:06", "end": "00:00:08", "text": "for."}, {"start": "00:00:08", "end": "00:00:11", "text": "Nvidia. That's right. Nvidia reported"}, {"start": "00:00:11", "end": "00:00:15", "text": "and it has singlehandedly pulled"}, {"start": "00:00:15", "end": "00:00:18", "text": "everything up."}, {"start": "00:00:18", "end": "00:00:20", "text": "Okay. So let's talk about that. Let's"}, {"start": "00:00:20", "end": "00:00:23", "text": "talk about also um some disappointing"}, {"start": "00:00:23", "end": "00:00:26", "text": "news, some weird news that relate to"}, {"start": "00:00:26", "end": "00:00:29", "text": "rate cuts. All right. So, this has been"}, {"start": "00:00:29", "end": "00:00:31", "text": "very hyped up. I've talked about it for"}, {"start": "00:00:31", "end": "00:00:35", "text": "many days. Nvidia"}, {"start": "00:00:35", "end": "00:00:39", "text": "uh was set to release earnings after"}, {"start": "00:00:39", "end": "00:00:44", "text": "Bell and they did. And as expected, they"}, {"start": "00:00:44", "end": "00:00:47", "text": "blew away earnings. Blew away. All this"}, {"start": "00:00:47", "end": "00:00:50", "text": "talk about AI bubble and things slowing"}, {"start": "00:00:50", "end": "00:00:53", "text": "down. Jensen squashed all of it and"}, {"start": "00:00:53", "end": "00:00:56", "text": "said, \"No, that's totally ridiculous."}, {"start": "00:00:56", "end": "00:01:00", "text": "We've sold out everything. Everything is"}, {"start": "00:01:00", "end": "00:01:03", "text": "strong."}, {"start": "00:01:03", "end": "00:01:05", "text": "Okay. And if you look at the numbers,"}, {"start": "00:01:05", "end": "00:01:08", "text": "absolutely amazing."}, {"start": "00:01:08", "end": "00:01:10", "text": "Earnings"}, {"start": "00:01:10", "end": "00:01:14", "text": "beat estimates. Revenue beat estimates."}, {"start": "00:01:14", "end": "00:01:18", "text": "Okay. And basically everything is going"}, {"start": "00:01:18", "end": "00:01:22", "text": "up on fire as expected. There's a couple"}, {"start": "00:01:22", "end": "00:01:25", "text": "things JSON said like this. There's been"}, {"start": "00:01:25", "end": "00:01:28", "text": "a lot of talk about AI bubble. From our"}, {"start": "00:01:28", "end": "00:01:31", "text": "vantage point, we see something very"}, {"start": "00:01:31", "end": "00:01:33", "text": "different."}, {"start": "00:01:33", "end": "00:01:36", "text": "They keep selling and selling and"}, {"start": "00:01:36", "end": "00:01:40", "text": "selling. And just look at that estimate,"}, {"start": "00:01:40", "end": "00:01:42", "text": "right?"}, {"start": "00:01:42", "end": "00:01:47", "text": "Microsoft, Meta, Amazon, Alphabet,"}, {"start": "00:01:47", "end": "00:01:49", "text": "Open AI,"}, {"start": "00:01:49", "end": "00:01:52", "text": "all looking to spend more."}, {"start": "00:01:52", "end": "00:01:55", "text": "Look at that. cloud GPUs are sold out. I"}, {"start": "00:01:55", "end": "00:01:57", "text": "mean, this is what I've been saying,"}, {"start": "00:01:57", "end": "00:01:58", "text": "guys. I'm an investor in Nvidia. I told"}, {"start": "00:01:58", "end": "00:02:00", "text": "you guys that. And I just said it's"}, {"start": "00:02:00", "end": "00:02:02", "text": "totally ridiculous that people are"}, {"start": "00:02:02", "end": "00:02:04", "text": "selling off and thinking that Nvidia"}, {"start": "00:02:04", "end": "00:02:06", "text": "somehow in a bubble or AI is in a"}, {"start": "00:02:06", "end": "00:02:08", "text": "bubble."}, {"start": "00:02:08", "end": "00:02:11", "text": "Um, it's totally ridiculous. It's the"}, {"start": "00:02:11", "end": "00:02:12", "text": "future. Everyone's spending. There's"}, {"start": "00:02:12", "end": "00:02:15", "text": "only one player in the game. AMD is"}, {"start": "00:02:15", "end": "00:02:18", "text": "nowhere close to Nvidia. you really have"}, {"start": "00:02:18", "end": "00:02:22", "text": "just a monopoly on AI GPUs and data"}, {"start": "00:02:22", "end": "00:02:26", "text": "center products. It's Nvidia, right? So,"}, {"start": "00:02:26", "end": "00:02:28", "text": "they are up almost 6% in the"}, {"start": "00:02:28", "end": "00:02:31", "text": "aftermarket, which is good. And"}, {"start": "00:02:31", "end": "00:02:34", "text": "it lifted everything up. Bitcoin was"}, {"start": "00:02:34", "end": "00:02:37", "text": "looking really dire."}, {"start": "00:02:37", "end": "00:02:39", "text": "It looked like it wanted to fall to 87"}, {"start": "00:02:39", "end": "00:02:42", "text": "today and then after the earnings, guess"}, {"start": "00:02:42", "end": "00:02:44", "text": "what? Boom. It started coming up. Now,"}, {"start": "00:02:44", "end": "00:02:47", "text": "it's back to 92. A lot of alts are in"}, {"start": "00:02:47", "end": "00:02:51", "text": "the green now thanks to Nvidia."}, {"start": "00:02:51", "end": "00:02:53", "text": "And look at tomorrow."}, {"start": "00:02:53", "end": "00:02:55", "text": "Look at tomorrow. The futures market"}, {"start": "00:02:55", "end": "00:02:58", "text": "way, way, way in the green. NASDAQ"}, {"start": "00:02:58", "end": "00:03:01", "text": "already plus 400. This is all thanks to"}, {"start": "00:03:01", "end": "00:03:03", "text": "Nvidia. I mentioned how this could be a"}, {"start": "00:03:03", "end": "00:03:07", "text": "big catalyst for"}, {"start": "00:03:07", "end": "00:03:09", "text": "this week and moving forward because I"}, {"start": "00:03:09", "end": "00:03:11", "text": "think so many people on Wall Street were"}, {"start": "00:03:11", "end": "00:03:14", "text": "just so afraid that the AI bubble was"}, {"start": "00:03:14", "end": "00:03:15", "text": "about to burst and everyone's been"}, {"start": "00:03:15", "end": "00:03:18", "text": "selling off tech and AI and crypto and"}, {"start": "00:03:18", "end": "00:03:21", "text": "risk on assets, switching to risk off"}, {"start": "00:03:21", "end": "00:03:23", "text": "assets. After this, we may see a"}, {"start": "00:03:23", "end": "00:03:26", "text": "conversion back where people sell off"}, {"start": "00:03:26", "end": "00:03:28", "text": "risk off assets for risk on assets. It's"}, {"start": "00:03:28", "end": "00:03:30", "text": "starting to look like it, but we will"}, {"start": "00:03:30", "end": "00:03:33", "text": "see. It's still early tomorrow. We do"}, {"start": "00:03:33", "end": "00:03:36", "text": "have something else that's coming out"}, {"start": "00:03:36", "end": "00:03:38", "text": "and that is the jobs report. But here's"}, {"start": "00:03:38", "end": "00:03:40", "text": "the kicker. The report that we're"}, {"start": "00:03:40", "end": "00:03:44", "text": "getting is for September, not October."}, {"start": "00:03:44", "end": "00:03:46", "text": "Okay? It's probably still going to be"}, {"start": "00:03:46", "end": "00:03:48", "text": "weak."}, {"start": "00:03:48", "end": "00:03:54", "text": "But still, where's the October report?"}, {"start": "00:03:54", "end": "00:03:57", "text": "Guess what? They're cancelling it."}, {"start": "00:03:57", "end": "00:04:00", "text": "They're pushing it back."}, {"start": "00:04:00", "end": "00:04:04", "text": "Is it really that difficult to get some"}, {"start": "00:04:04", "end": "00:04:07", "text": "delayed numbers out? Like, do they"}, {"start": "00:04:07", "end": "00:04:09", "text": "really not have it in their computer? It"}, {"start": "00:04:09", "end": "00:04:12", "text": "just boggles my mind. So, we're go get"}, {"start": "00:04:12", "end": "00:04:14", "text": "September numbers. They're probably"}, {"start": "00:04:14", "end": "00:04:16", "text": "ugly, but probably not as ugly as"}, {"start": "00:04:16", "end": "00:04:19", "text": "October numbers, which really helped"}, {"start": "00:04:19", "end": "00:04:20", "text": "things because today the Fed minutes"}, {"start": "00:04:20", "end": "00:04:22", "text": "came out and they said, \"Well, we're not"}, {"start": "00:04:22", "end": "00:04:23", "text": "sure we're going to get a rate cut in"}, {"start": "00:04:23", "end": "00:04:26", "text": "December.\" And guess what? Now"}, {"start": "00:04:26", "end": "00:04:27", "text": "December's percentage has dropped to"}, {"start": "00:04:27", "end": "00:04:30", "text": "33%."}, {"start": "00:04:30", "end": "00:04:32", "text": "It was close to 50% yesterday. Now it"}, {"start": "00:04:32", "end": "00:04:36", "text": "dropped because of the Fed minutes. So,"}, {"start": "00:04:36", "end": "00:04:39", "text": "you know, maybe tomorrow's numbers, if"}, {"start": "00:04:39", "end": "00:04:41", "text": "they're horrendous,"}, {"start": "00:04:41", "end": "00:04:44", "text": "will bring us back up. But, you know,"}, {"start": "00:04:44", "end": "00:04:46", "text": "what we really need is both months,"}, {"start": "00:04:46", "end": "00:04:48", "text": "September and October. So, I don't know"}, {"start": "00:04:48", "end": "00:04:49", "text": "when they're going to release October's"}, {"start": "00:04:49", "end": "00:04:51", "text": "numbers. They said they're going to"}, {"start": "00:04:51", "end": "00:04:54", "text": "delay it, but I don't know."}, {"start": "00:04:54", "end": "00:04:56", "text": "I don't know when."}, {"start": "00:04:56", "end": "00:04:58", "text": "Right. But we got the jolt we needed and"}, {"start": "00:04:58", "end": "00:05:00", "text": "tomorrow we may get even more because I"}, {"start": "00:05:00", "end": "00:05:02", "text": "just feel like we've been suppressed. I"}, {"start": "00:05:02", "end": "00:05:04", "text": "told you guys that. I feel like we've"}, {"start": "00:05:04", "end": "00:05:08", "text": "been suppressed for far too long. And I"}, {"start": "00:05:08", "end": "00:05:11", "text": "don't know which group is behind it. But"}, {"start": "00:05:11", "end": "00:05:13", "text": "you know, Tom Lee also said something"}, {"start": "00:05:13", "end": "00:05:15", "text": "very interesting today."}, {"start": "00:05:15", "end": "00:05:17", "text": "Look at what he said. To me, the"}, {"start": "00:05:17", "end": "00:05:20", "text": "weakness in crypto"}, {"start": "00:05:20", "end": "00:05:23", "text": "has all the signs of a market maker or"}, {"start": "00:05:23", "end": "00:05:25", "text": "two with a major hole in their balance"}, {"start": "00:05:25", "end": "00:05:28", "text": "sheet."}, {"start": "00:05:28", "end": "00:05:30", "text": "Shark circling to trigger a liquidation,"}, {"start": "00:05:30", "end": "00:05:33", "text": "dumping of prices, BTC. Is this"}, {"start": "00:05:33", "end": "00:05:35", "text": "short-term pain? Yes. Is this change a E"}, {"start": "00:05:35", "end": "00:05:39", "text": "super cycle? No. This is not a time to"}, {"start": "00:05:39", "end": "00:05:41", "text": "use leverage. Don't don't get"}, {"start": "00:05:41", "end": "00:05:44", "text": "liquidated. What is he saying there?"}, {"start": "00:05:44", "end": "00:05:47", "text": "He's saying that, hey, a market maker"}, {"start": "00:05:47", "end": "00:05:51", "text": "lost a lot of money and they're trying"}, {"start": "00:05:51", "end": "00:05:54", "text": "to make it back by triggering"}, {"start": "00:05:54", "end": "00:05:57", "text": "liquidations left and right. Hm. Who is"}, {"start": "00:05:57", "end": "00:06:00", "text": "he calling out? Which market maker,"}, {"start": "00:06:00", "end": "00:06:03", "text": "which exchange"}, {"start": "00:06:03", "end": "00:06:06", "text": "lost a whole bunch of money last month?"}, {"start": "00:06:06", "end": "00:06:10", "text": "Okay. and was the cause of the biggest"}, {"start": "00:06:10", "end": "00:06:12", "text": "liquidation event that we have ever seen"}, {"start": "00:06:12", "end": "00:06:14", "text": "in crypto."}, {"start": "00:06:14", "end": "00:06:16", "text": "Its glitch"}, {"start": "00:06:16", "end": "00:06:20", "text": "caused all these other exchanges"}, {"start": "00:06:20", "end": "00:06:22", "text": "to dump"}, {"start": "00:06:22", "end": "00:06:25", "text": "because they had to cut them off and the"}, {"start": "00:06:25", "end": "00:06:29", "text": "leverage was removed basically. Right?"}, {"start": "00:06:29", "end": "00:06:32", "text": "Basically, what Tom Lee is saying, this"}, {"start": "00:06:32", "end": "00:06:35", "text": "market maker, aka Exchange,"}, {"start": "00:06:35", "end": "00:06:38", "text": "or maybe two, not just one, right?"}, {"start": "00:06:38", "end": "00:06:40", "text": "They're the ones that's causing this."}, {"start": "00:06:40", "end": "00:06:42", "text": "They're the ones that's causing the"}, {"start": "00:06:42", "end": "00:06:44", "text": "suppression. They're the ones that's"}, {"start": "00:06:44", "end": "00:06:46", "text": "causing the volatility because they're"}, {"start": "00:06:46", "end": "00:06:49", "text": "trying to make their money back. They"}, {"start": "00:06:49", "end": "00:06:51", "text": "lost a whole bunch of money. And it"}, {"start": "00:06:51", "end": "00:06:53", "text": "makes so much sense. I've said this"}, {"start": "00:06:53", "end": "00:06:57", "text": "before. What's happening with crypto is"}, {"start": "00:06:57", "end": "00:06:59", "text": "unnatural."}, {"start": "00:06:59", "end": "00:07:02", "text": "It just seems like everyone is looking"}, {"start": "00:07:02", "end": "00:07:05", "text": "at what's going on with the with the"}, {"start": "00:07:05", "end": "00:07:07", "text": "increased fundamentals."}, {"start": "00:07:07", "end": "00:07:09", "text": "Nothing has changed. More and more"}, {"start": "00:07:09", "end": "00:07:12", "text": "companies are adopting Bitcoin, raising"}, {"start": "00:07:12", "end": "00:07:15", "text": "equity or some equity and raising money"}, {"start": "00:07:15", "end": "00:07:18", "text": "for Bitcoin. We're seeing it adopted"}, {"start": "00:07:18", "end": "00:07:21", "text": "worldwide with banks, with institutions,"}, {"start": "00:07:21", "end": "00:07:25", "text": "with states, countries, you name it. And"}, {"start": "00:07:25", "end": "00:07:27", "text": "this is the time period too, right? And"}, {"start": "00:07:27", "end": "00:07:29", "text": "we have seen periods where the stock"}, {"start": "00:07:29", "end": "00:07:32", "text": "market's going up, gold's going up,"}, {"start": "00:07:32", "end": "00:07:34", "text": "everything's going up except Bitcoin and"}, {"start": "00:07:34", "end": "00:07:35", "text": "crypto. It just seems like there's"}, {"start": "00:07:35", "end": "00:07:38", "text": "someone holding us back on purpose. And"}, {"start": "00:07:38", "end": "00:07:42", "text": "I told you guys, normally it's because"}, {"start": "00:07:42", "end": "00:07:45", "text": "they want to buy low, right? They want"}, {"start": "00:07:45", "end": "00:07:46", "text": "to drive retail out. In this case, not"}, {"start": "00:07:46", "end": "00:07:48", "text": "only retail, but Wall Street. Wall"}, {"start": "00:07:48", "end": "00:07:50", "text": "Street's ETFs have been pretty"}, {"start": "00:07:50", "end": "00:07:52", "text": "horrendous for the last week, right?"}, {"start": "00:07:52", "end": "00:07:55", "text": "Their purpose is to drive people out so"}, {"start": "00:07:55", "end": "00:07:56", "text": "they can accumulate low. But they don't"}, {"start": "00:07:56", "end": "00:07:58", "text": "want to do it forever because they don't"}, {"start": "00:07:58", "end": "00:07:59", "text": "want everyone to leave because then the"}, {"start": "00:07:59", "end": "00:08:02", "text": "market's over, right? But this makes a"}, {"start": "00:08:02", "end": "00:08:03", "text": "lot of sense. I didn't put two and two"}, {"start": "00:08:03", "end": "00:08:06", "text": "together. Tom Lee did. They're doing"}, {"start": "00:08:06", "end": "00:08:08", "text": "this not only to do that, but also to"}, {"start": "00:08:08", "end": "00:08:12", "text": "make up for what they may have lost."}, {"start": "00:08:12", "end": "00:08:16", "text": "So there's there's a group there's one"}, {"start": "00:08:16", "end": "00:08:19", "text": "or two or maybe many more that wants"}, {"start": "00:08:19", "end": "00:08:21", "text": "things suppressed, but they can only do"}, {"start": "00:08:21", "end": "00:08:23", "text": "it for so long."}, {"start": "00:08:23", "end": "00:08:26", "text": "Right. And we have a couple catalysts"}, {"start": "00:08:26", "end": "00:08:29", "text": "that could certainly break that mold. No"}, {"start": "00:08:29", "end": "00:08:32", "text": "matter how hard they try,"}, {"start": "00:08:32", "end": "00:08:34", "text": "it won't be enough, right? And this"}, {"start": "00:08:34", "end": "00:08:37", "text": "Nvidia earnings was fantastic. I think"}, {"start": "00:08:37", "end": "00:08:40", "text": "we all needed it. Okay. Um, but I know"}, {"start": "00:08:40", "end": "00:08:42", "text": "it's early. We're still only at 92,000."}, {"start": "00:08:42", "end": "00:08:45", "text": "We're not back above 100. So, it's still"}, {"start": "00:08:45", "end": "00:08:48", "text": "early. And this market maker or two,"}, {"start": "00:08:48", "end": "00:08:50", "text": "like Tom Lee says, may not be giving up,"}, {"start": "00:08:50", "end": "00:08:52", "text": "but it's a good start. And yesterday we"}, {"start": "00:08:52", "end": "00:08:55", "text": "saw the same thing when Bitcoin and"}, {"start": "00:08:55", "end": "00:08:58", "text": "crypto rally despite a market selloff,"}, {"start": "00:08:58", "end": "00:09:00", "text": "right? That's also a sign. But anyways,"}, {"start": "00:09:00", "end": "00:09:03", "text": "this is all good. This is all good. And"}, {"start": "00:09:03", "end": "00:09:05", "text": "I'm looking forward to tomorrow and the"}, {"start": "00:09:05", "end": "00:09:07", "text": "rest of this week, right? Can we see a"}, {"start": "00:09:07", "end": "00:09:10", "text": "good turnaround because of Nvidia thanks"}, {"start": "00:09:10", "end": "00:09:12", "text": "to Jensen?"}, {"start": "00:09:12", "end": "00:09:16", "text": "Yes, we can. We can. I don't expect"}, {"start": "00:09:16", "end": "00:09:18", "text": "tomorrow's September numbers to be"}, {"start": "00:09:18", "end": "00:09:22", "text": "fantastic. Um, and once we get October"}, {"start": "00:09:22", "end": "00:09:24", "text": "numbers, it's going to be just as"}, {"start": "00:09:24", "end": "00:09:27", "text": "horrendous, if not worse. So, the Fed"}, {"start": "00:09:27", "end": "00:09:29", "text": "may be forced to cut no matter what the"}, {"start": "00:09:29", "end": "00:09:32", "text": "percentage says."}, {"start": "00:09:32", "end": "00:09:34", "text": "All right, stay strong, my friends. I'll"}, {"start": "00:09:34", "end": "00:09:39", "text": "see you guys tonight and tomorrow."}, {"start": "00:09:41", "end": "00:09:45", "text": "Stay strong. Take care. Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:09", "text": "Welcome back to Cryptos Us. I am George. We're all George. So, today's the big"}, {"start": "00:00:09", "end": "00:00:14", "text": "day. There's a big earnings report coming out today from the largest"}, {"start": "00:00:14", "end": "00:00:20", "text": "company on the planet. Is it going to be good? And how will markets react? Also,"}, {"start": "00:00:20", "end": "00:00:28", "text": "what about Bitcoin and crypto? There's a veteran investor that you guys all know."}, {"start": "00:00:28", "end": "00:00:34", "text": "He sounds the alarm. Is he correct? Let's talk about that as well. All"}, {"start": "00:00:34", "end": "00:00:41", "text": "right, let's do it, guys. Let's do it. Welcome, welcome, welcome."}, {"start": "00:00:41", "end": "00:00:48", "text": "We are starting out a day slightly lower than yesterday. We were approaching 94,000. Unfortunately, we have slid back"}, {"start": "00:00:48", "end": "00:00:54", "text": "down to 912. It does seem like there is still a lot"}, {"start": "00:00:54", "end": "00:01:01", "text": "of fear, but yesterday we did something that we haven't seen in a long time. Bitcoin and"}, {"start": "00:01:01", "end": "00:01:07", "text": "crypto rallied while the broader market sold off."}, {"start": "00:01:07", "end": "00:01:13", "text": "So, pretty encouraging, something that we haven't seen in a long time. So, does that mean we have found a bottom and"}, {"start": "00:01:13", "end": "00:01:22", "text": "we're slowly recovering back up? Well, let's let's look at it. this"}, {"start": "00:01:22", "end": "00:01:27", "text": "this morning session we are seeing uh some green"}, {"start": "00:01:27", "end": "00:01:33", "text": "okay uh kind of mixed Nvidia still holding on of course today is the big"}, {"start": "00:01:33", "end": "00:01:39", "text": "Nvidia earnings day and all eyes will be on Nvidia to lead"}, {"start": "00:01:39", "end": "00:01:47", "text": "or give forecast into how AI is doing and how tech is doing this earnings"}, {"start": "00:01:47", "end": "00:01:52", "text": "report is going to be massive massive. Okay. And they have been selling off"}, {"start": "00:01:52", "end": "00:01:59", "text": "over the past week or so. They actually formed a new high just two weeks ago at like what 210 or something like that."}, {"start": "00:01:59", "end": "00:02:05", "text": "They slid off and corrected quite a lot. But I have a feeling Nvidia is going to"}, {"start": "00:02:05", "end": "00:02:11", "text": "surprise people in a good way. You don't want to bet against Nvidia or"}, {"start": "00:02:11", "end": "00:02:16", "text": "AI at this point. Um but outside of that, what else do we have today? We"}, {"start": "00:02:16", "end": "00:02:23", "text": "have we have the um the Fed minutes from last FOMC,"}, {"start": "00:02:23", "end": "00:02:30", "text": "the one that Paul pretty much pretty much used to destroy"}, {"start": "00:02:30", "end": "00:02:36", "text": "uh confidence in another rate cut. It's the reason why December's rate cut"}, {"start": "00:02:36", "end": "00:02:44", "text": "percentage went from 90 something% down to below 50%. But that may change with some of the"}, {"start": "00:02:44", "end": "00:02:51", "text": "economic data that's going to be released this week, including the unemployment report tomorrow, which will"}, {"start": "00:02:51", "end": "00:02:56", "text": "be huge. And then there's other things like jobs claims and house or home"}, {"start": "00:02:56", "end": "00:03:02", "text": "sales, you know, stuff like that. So maybe regardless of what Pal thinks if"}, {"start": "00:03:02", "end": "00:03:08", "text": "the labor market is struggling, the Fed has no"}, {"start": "00:03:08", "end": "00:03:13", "text": "has no other option. Basically, they have to cut. And that's what we're"}, {"start": "00:03:13", "end": "00:03:20", "text": "looking forward to. Not that people are losing jobs, looking forward to some of this data that we've been missing for"}, {"start": "00:03:20", "end": "00:03:25", "text": "over a month because of the shutdown. All right, so those are the stuff to"}, {"start": "00:03:25", "end": "00:03:34", "text": "look forward to. Uh if you look at ETF inflow yesterday was not good. 500 million came out of"}, {"start": "00:03:34", "end": "00:03:43", "text": "Black Rockck. A little concerning. We actually did have inflows into some of the other funds and yesterday was a"}, {"start": "00:03:43", "end": "00:03:49", "text": "recovery day. Remember, right? Why is Wall Street why is Wall Street selling or why specifically Black Rockck"}, {"start": "00:03:49", "end": "00:03:56", "text": "selling? It's a mystery. And if you look at Ethereum, same thing. We actually had"}, {"start": "00:03:56", "end": "00:04:05", "text": "inflows into all the other almost all but mostly the other ETFs but not Black"}, {"start": "00:04:05", "end": "00:04:12", "text": "Rockck. Black Rockck sold out 165 million ETH yesterday. So"}, {"start": "00:04:12", "end": "00:04:19", "text": "wondering what's going on there. Wondering something that we got to continue to focus on. But Salana debuted"}, {"start": "00:04:19", "end": "00:04:24", "text": "two other ETFs from Van Ec and uh Fidelity along"}, {"start": "00:04:24", "end": "00:04:31", "text": "with Bitwise and Gayscale and yesterday they actually had a pretty good inflow all around 26 million."}, {"start": "00:04:31", "end": "00:04:38", "text": "So Salana's ETF is definitely working. Yesterday they did have a pretty good recovery. I think a lot of it due to ETF"}, {"start": "00:04:38", "end": "00:04:44", "text": "buying. Um, but Bitcoin, Ethereum right now, it's really"}, {"start": "00:04:44", "end": "00:04:51", "text": "really just black rock selling, but it could be temporary. So, let's see. Let's see the remainder of this week. Um, all"}, {"start": "00:04:51", "end": "00:04:59", "text": "right. So, what is this warning from this veteran investor?"}, {"start": "00:04:59", "end": "00:05:05", "text": "Okay. Who is it? Not me. It's Jim Kramer."}, {"start": "00:05:05", "end": "00:05:12", "text": "Uh he made two tweets this morning. One is"}, {"start": "00:05:12", "end": "00:05:18", "text": "almost feels like a cabal is keeping or is trying to keep Bitcoin above 90,000."}, {"start": "00:05:18", "end": "00:05:25", "text": "I like Bitcoin, but I do not like any of the derivatives created to play it or game it or mine it."}, {"start": "00:05:25", "end": "00:05:31", "text": "It's funny because I say this, but I'm looking at it from"}, {"start": "00:05:31", "end": "00:05:37", "text": "the other side. I feel like there's a cabal or a group"}, {"start": "00:05:37", "end": "00:05:44", "text": "or whales or exchanges or market makers that's keeping Bitcoin low and"}, {"start": "00:05:44", "end": "00:05:51", "text": "suppressed right now around 90,000. But Jim like flipped it"}, {"start": "00:05:51", "end": "00:05:57", "text": "and said, \"No, no, no. Without them, Bitcoin would be well below 90,000.\""}, {"start": "00:05:57", "end": "00:06:04", "text": "That's what he's trying to say. That the cabal is actually good. It's like uh it's like the Bitcoin whales that are"}, {"start": "00:06:04", "end": "00:06:10", "text": "buying Bitcoin. So, it's kind of weird how he inversed that."}, {"start": "00:06:10", "end": "00:06:16", "text": "But that's the warning. He's like, \"Well, there's Cabal that's keeping above 9,000.\" But if it there there"}, {"start": "00:06:16", "end": "00:06:22", "text": "wasn't a cabal, then it would be well, it would have fallen, right? So,"}, {"start": "00:06:22", "end": "00:06:27", "text": "that's the warning. Do we believe this or do we believe that"}, {"start": "00:06:27", "end": "00:06:34", "text": "inverse of this is correct? You guys know about"}, {"start": "00:06:34", "end": "00:06:40", "text": "inverse Kramer, right? And he tweeted this an hour beforehand. Even after all"}, {"start": "00:06:40", "end": "00:06:46", "text": "this destruction, we're not oversold. This is the type of tweet normally people look forward to because when you"}, {"start": "00:06:46", "end": "00:06:52", "text": "do the inverse of this, it's usually correct. So maybe we are"}, {"start": "00:06:52", "end": "00:06:59", "text": "oversold and it's time for that bounce."}, {"start": "00:06:59", "end": "00:07:05", "text": "Only time will tell if we are oversold,"}, {"start": "00:07:05", "end": "00:07:12", "text": "we are ready for the bounce, if Bitcoin is going to rally back up."}, {"start": "00:07:12", "end": "00:07:19", "text": "All right, but outside of inverse Kramer Kramer predictions, we still have a lot"}, {"start": "00:07:19", "end": "00:07:24", "text": "of good things. This is why I'm not giving up, why the fundamentals are still fantastic."}, {"start": "00:07:24", "end": "00:07:30", "text": "And that's why I believe we're going through a phase just a correction phase"}, {"start": "00:07:30", "end": "00:07:38", "text": "that is like uh a distraction along the way. And I'm not even the first I'm not even"}, {"start": "00:07:38", "end": "00:07:44", "text": "not the first not the only pe person that thinks that. Uh oh, before I get to that last article, Charles Hoskinson"}, {"start": "00:07:44", "end": "00:07:51", "text": "also thinks the same thing. It's interesting that he admitted in here that many participants, including"}, {"start": "00:07:51", "end": "00:08:00", "text": "himself, thought that 2025 will be absolutely fantastic because of the Trump administration, right? Because he"}, {"start": "00:08:00", "end": "00:08:06", "text": "is so pro crypto and we have all this about a Bitcoin reserve and all the"}, {"start": "00:08:06", "end": "00:08:11", "text": "moves and stuff. But then he also said that you know what because"}, {"start": "00:08:11", "end": "00:08:17", "text": "of administration there's been a lot of political turmoil too that haven't been"}, {"start": "00:08:17", "end": "00:08:24", "text": "so good right so basically you know we're we're kind of like stuck in there"}, {"start": "00:08:24", "end": "00:08:31", "text": "but we will get past it and he believes 2026 will be awesome. This year has been led"}, {"start": "00:08:31", "end": "00:08:37", "text": "by institutions and a lot of political stuff that has held us back."}, {"start": "00:08:37", "end": "00:08:44", "text": "But next year he believes is the golden year, right? So this this notion of"}, {"start": "00:08:44", "end": "00:08:50", "text": "elongated cycle or just like the removal of a four-year cycle,"}, {"start": "00:08:50", "end": "00:08:56", "text": "more and more people feel like that is true. And I I feel the same way too. I"}, {"start": "00:08:56", "end": "00:09:03", "text": "do feel like even if we don't see some major moves the next month and a half, we could"}, {"start": "00:09:03", "end": "00:09:10", "text": "continue forward in 2026 that we won't just enter crypto winter."}, {"start": "00:09:11", "end": "00:09:17", "text": "There's just too much goodness. Like I've been saying, the fundamentals keeps on growing and improving. Look at this."}, {"start": "00:09:17", "end": "00:09:22", "text": "New Hampshire approves Bitcoinbacked"}, {"start": "00:09:22", "end": "00:09:29", "text": "bonds. Basically, you can borrow against your Bitcoin if you wanted to. That is"}, {"start": "00:09:29", "end": "00:09:34", "text": "now legal in New Hampshire. So, obviously"}, {"start": "00:09:34", "end": "00:09:40", "text": "obviously they believe in Bitcoin now, right? And"}, {"start": "00:09:40", "end": "00:09:46", "text": "many states also have a Bitcoin treasury"}, {"start": "00:09:46", "end": "00:09:54", "text": "along with the national treasury that we have. And you got like City Bank that issues a"}, {"start": "00:09:54", "end": "00:10:00", "text": "buy rating on strategy. And we know that Black Rockck, Vanguard,"}, {"start": "00:10:00", "end": "00:10:07", "text": "and all these big asset manager companies uh own significant amounts of"}, {"start": "00:10:07", "end": "00:10:14", "text": "strategy and Coinbase and HUD and all these mining stocks, everything."}, {"start": "00:10:14", "end": "00:10:22", "text": "You know, they're interested. Uh, you got this world's most profitable"}, {"start": "00:10:22", "end": "00:10:32", "text": "hedge fund, Renaissance Technology, just disclosed they have 46 million strategy, too. Again, these big boys are not in it"}, {"start": "00:10:32", "end": "00:10:41", "text": "for fun. Okay, they've been around the block for a long time and they invest in"}, {"start": "00:10:41", "end": "00:10:47", "text": "what they what they feel like are are going to make them a boatload of money basically,"}, {"start": "00:10:47", "end": "00:10:54", "text": "right? So, there's a reason why there's so many that's holding Bitcoin or holding Strategy or holding ETFs."}, {"start": "00:10:54", "end": "00:11:01", "text": "There's a reason for that. And we're talking about some of the biggest"}, {"start": "00:11:01", "end": "00:11:09", "text": "entities on the planet, not just like random Joe's on the street."}, {"start": "00:11:09", "end": "00:11:15", "text": "Uh, and a couple metrics that reinforces this. First of all, if you"}, {"start": "00:11:15", "end": "00:11:21", "text": "look at accumulator addresses has been skyrocketing, okay, throughout this year"}, {"start": "00:11:21", "end": "00:11:27", "text": "and even now, while things are going lower, they are still going upwards."}, {"start": "00:11:27", "end": "00:11:34", "text": "And this is even more telling. If you look at this, this is the whales."}, {"start": "00:11:34", "end": "00:11:41", "text": "Okay, what's interesting is you could see that prior in 2024 and 2025,"}, {"start": "00:11:41", "end": "00:11:48", "text": "the whale count was extremely high around 75,000ish."}, {"start": "00:11:48", "end": "00:11:54", "text": "And when Bitcoin broke above it, that's when the whale count actually"}, {"start": "00:11:54", "end": "00:12:01", "text": "went lower. I don't I don't know what they deem whales in this case, like 10,000 plus, 100,000 plus, I don't know."}, {"start": "00:12:01", "end": "00:12:08", "text": "But you could see since we have fallen from our top of 126,"}, {"start": "00:12:08", "end": "00:12:14", "text": "there's been a major spike in terms of whales. So that means"}, {"start": "00:12:14", "end": "00:12:19", "text": "obviously a lot of them are quite interested and thinks that Bitcoin's"}, {"start": "00:12:19", "end": "00:12:24", "text": "oversold. It's ready for a bounce and or"}, {"start": "00:12:24", "end": "00:12:32", "text": "they are the ones that cause this. And the reason why they cause this because they want to buy low. They want to drive"}, {"start": "00:12:32", "end": "00:12:38", "text": "retail out or drive Wall Street out. And now they're accumulating again."}, {"start": "00:12:38", "end": "00:12:45", "text": "But that's a huge freaking spike. And this started recently,"}, {"start": "00:12:45", "end": "00:12:50", "text": "right around where we are now. That tells you something. There are a lot of people that are"}, {"start": "00:12:50", "end": "00:12:58", "text": "accumulating behind the scenes. You just may not notice it because right now retail is just too fearful. Retail FUD"}, {"start": "00:12:58", "end": "00:13:07", "text": "is is at a point that we haven't seen since the FTX collapse. Just think about it."}, {"start": "00:13:07", "end": "00:13:13", "text": "Three years ago when we fell down to 15,000,"}, {"start": "00:13:13", "end": "00:13:18", "text": "the fear level is just as high now as then."}, {"start": "00:13:18", "end": "00:13:25", "text": "90,000 90,000 plus Bitcoin versus 15,000 Bitcoin. Think about it. How does that make sense? It doesn't. But the fear"}, {"start": "00:13:25", "end": "00:13:31", "text": "level is just as high right now. And what happened after FDX collapsed?"}, {"start": "00:13:31", "end": "00:13:36", "text": "What happened after Bitcoin hit 15K?"}, {"start": "00:13:37", "end": "00:13:44", "text": "We bounced and we recovered. And we didn't know that was the bottom until months later when we were well above 30,"}, {"start": "00:13:44", "end": "00:13:51", "text": "40, 50,000 and we're like, okay, that was the bottom. But at that time, you can never predict it. You don't know."}, {"start": "00:13:51", "end": "00:13:59", "text": "Feels a lot like what we're going through. at least the sentiment but not not the price obviously."}, {"start": "00:13:59", "end": "00:14:06", "text": "And you know if you're a chartist and you don't believe in any of the macro"}, {"start": "00:14:06", "end": "00:14:14", "text": "stuff or geolo stuff or or anything or fear levels, you just want to stick"}, {"start": "00:14:14", "end": "00:14:21", "text": "with your charts. Well, here's a chart that you'll understand. If you strip away everything,"}, {"start": "00:14:21", "end": "00:14:26", "text": "we're doing exactly the same thing that we have done prior this year and last"}, {"start": "00:14:26", "end": "00:14:32", "text": "year. We fall down about 30%."}, {"start": "00:14:32", "end": "00:14:40", "text": "It's a major correction and then we bounce right back up."}, {"start": "00:14:40", "end": "00:14:47", "text": "And this guy broke it down pretty pretty well because you could see"}, {"start": "00:14:47", "end": "00:14:54", "text": "RSI is also hitting basically the same point or at least this trending point. You can"}, {"start": "00:14:54", "end": "00:15:01", "text": "see also the retracement points are Fibonacci levels."}, {"start": "00:15:01", "end": "00:15:07", "text": "And after we bounce back, the next levels to look forward to the 127, the"}, {"start": "00:15:07", "end": "00:15:15", "text": "161, the two, which will bring Bitcoin back up to 138,000, 155,000, 176,000."}, {"start": "00:15:15", "end": "00:15:22", "text": "And again, if it doesn't happen by the end of this year, well, then we just have to wait until 2026 for it to"}, {"start": "00:15:22", "end": "00:15:29", "text": "happen. There's no reason to think that we can't continue forward into 2026"}, {"start": "00:15:32", "end": "00:15:40", "text": "pretty pretty self-explanatory if you look at this of what's to come next."}, {"start": "00:15:40", "end": "00:15:46", "text": "All right. outside of uh Bitcoin. I saw this"}, {"start": "00:15:46", "end": "00:15:54", "text": "Vitalic sets timeline for Ethereum quantum resistant transition which will take four years."}, {"start": "00:15:56", "end": "00:16:02", "text": "So, this is something that's been talked about for a while now. Will quantum"}, {"start": "00:16:02", "end": "00:16:09", "text": "computers break Bitcoin's encryption or break Ethereum's encryption or break whatever encryption? You know, you could"}, {"start": "00:16:09", "end": "00:16:14", "text": "there's a lot of developers that are thinking about this right now and they're building safeguards, which is"}, {"start": "00:16:14", "end": "00:16:20", "text": "good all around. Nothing wrong with that. So, it's good that they're starting, but"}, {"start": "00:16:20", "end": "00:16:27", "text": "they need to fix their scaling issue first, right? They need to make Ethereum scale and then, well, I guess you could"}, {"start": "00:16:27", "end": "00:16:33", "text": "work on both at the same time. Um, and also proved to bring tokenized stocks to"}, {"start": "00:16:33", "end": "00:16:39", "text": "30 European markets. RWA is still going to be a big thing right"}, {"start": "00:16:39", "end": "00:16:47", "text": "now. Not a whole lot of people care. Seems like it's moved to like the the fad has moved to like privacy somehow."}, {"start": "00:16:47", "end": "00:16:52", "text": "RWA is still going to be a big thing. Now, a lot of you Europeans can invest"}, {"start": "00:16:52", "end": "00:16:59", "text": "in American tech companies through tokenized stocks,"}, {"start": "00:16:59", "end": "00:17:06", "text": "through a project like Ando that's leading the way. That's pretty major. That's very major."}, {"start": "00:17:06", "end": "00:17:12", "text": "But and also platforms like Robin Hood allow that too. But it's it's a big"}, {"start": "00:17:12", "end": "00:17:19", "text": "deal. And what else? Uh Kraken raised uh"}, {"start": "00:17:19", "end": "00:17:24", "text": "raised eight $800 million. I had no idea Kraken was that big."}, {"start": "00:17:24", "end": "00:17:31", "text": "They're preparing to go IPO. So they're worth 20 billion dollar now. That's"}, {"start": "00:17:31", "end": "00:17:38", "text": "massive. That's massive. And Coinbase"}, {"start": "00:17:38", "end": "00:17:44", "text": "doesn't want want to fall to number two. So, they're keeping they're pushing"}, {"start": "00:17:44", "end": "00:17:53", "text": "forward. So, they're going to work with Khi to develop a prediction market"}, {"start": "00:17:53", "end": "00:18:00", "text": "for sports, politics, tech events, and all things. Prediction markets are huge."}, {"start": "00:18:00", "end": "00:18:06", "text": "Huge. That is why I'm building one for Clash called Clash"}, {"start": "00:18:06", "end": "00:18:12", "text": "Pick. Super super excited about it and it's going to be a game changer for"}, {"start": "00:18:12", "end": "00:18:20", "text": "Clash our project. It's going to be a game changer for a lot of things. You'll see it's going to be a major"}, {"start": "00:18:20", "end": "00:18:26", "text": "platform. I'm looking forward to it. But predictions"}, {"start": "00:18:26", "end": "00:18:32", "text": "bets people can't get enough of it. People love to bet on all things, but if"}, {"start": "00:18:32", "end": "00:18:38", "text": "you integrate it into projects, I think that's going to be the next evolution"}, {"start": "00:18:38", "end": "00:18:44", "text": "or focus on projects, I should say. All right, that is it. Let's see the things"}, {"start": "00:18:44", "end": "00:18:50", "text": "change a little bit more green. So, that's good. Nvidia up two and a half%,"}, {"start": "00:18:50", "end": "00:18:58", "text": "Robin up 2%. Micro Strategy down today. Uh, Coinbase slightly down."}, {"start": "00:19:00", "end": "00:19:05", "text": "All right, let's do some Q&A."}, {"start": "00:19:40", "end": "00:19:48", "text": "I really am super excited about Clash Pics. I think it's going to be a game changer. I have all the details about it"}, {"start": "00:19:48", "end": "00:19:54", "text": "in Discord. So, if you're not in Discord, you should join and hear about it. But there's going to be a lot of"}, {"start": "00:19:54", "end": "00:19:59", "text": "prediction pools around the project, around our tournament specifically, but"}, {"start": "00:19:59", "end": "00:20:05", "text": "also we're going to expand out into other topics as well. So basically,"}, {"start": "00:20:05", "end": "00:20:11", "text": "anyone can use it. People who have Clash will benefit the most. People that want to play for free, they'll be able to do"}, {"start": "00:20:11", "end": "00:20:18", "text": "it. And I'm thinking about even opening up some prediction pools for non Clash holders. and it doesn't matter because"}, {"start": "00:20:18", "end": "00:20:24", "text": "the fees collected will be used to um to be used to convert to clash and"}, {"start": "00:20:24", "end": "00:20:30", "text": "put into treasury. So, there are a lot of stuff, a lot of stuff"}, {"start": "00:20:30", "end": "00:20:35", "text": "to this. Super excited. I we should have a preview today"}, {"start": "00:20:35", "end": "00:20:43", "text": "that'll release tonight and then a platform hopefully will be done by next week."}, {"start": "00:20:55", "end": "00:21:01", "text": "Man, I really hope after today's uh earnings,"}, {"start": "00:21:01", "end": "00:21:09", "text": "Nvidia is just like opens like this tomorrow and back to 210."}, {"start": "00:21:10", "end": "00:21:17", "text": "I hope they have a spectacular earnings. It's really going to lead tech and AI"}, {"start": "00:21:17", "end": "00:21:20", "text": "back up."}, {"start": "00:21:37", "end": "00:21:45", "text": "Treasor came out with a wallet that is ready quantum ready. Um, that doesn't mean a whole lot when"}, {"start": "00:21:45", "end": "00:21:52", "text": "the chain itself is not quantum ready. You may be able to like make the wallet"}, {"start": "00:21:52", "end": "00:22:00", "text": "itself unhackable but not the wallets, okay, that lives on the chains."}, {"start": "00:22:00", "end": "00:22:04", "text": "So that's not quantum ready."}, {"start": "00:22:24", "end": "00:22:29", "text": "F minutes are today. I don't have any expectations over"}, {"start": "00:22:29", "end": "00:22:36", "text": "what's going to be released in there. I I think it's I think it's outdated"}, {"start": "00:22:36", "end": "00:22:44", "text": "whatever that comes out because we've missed so much last month in terms of"}, {"start": "00:22:44", "end": "00:22:51", "text": "like all the reports that we were supposed to get, we didn't. So now we're playing playing catch-up and and those"}, {"start": "00:22:51", "end": "00:22:57", "text": "reports are going to be more crucial than the Fed minutes."}, {"start": "00:23:03", "end": "00:23:10", "text": "Uh Frank Jets, I'm 50% Bitcoin, 25% sold, 25% clash in my good. That's a"}, {"start": "00:23:10", "end": "00:23:16", "text": "pretty good makeup. I would say you're following the 50 25"}, {"start": "00:23:16", "end": "00:23:22", "text": "rule to a T. And I love it. And I love how the 25% and small caps, micro caps,"}, {"start": "00:23:22", "end": "00:23:28", "text": "that you're using that to fill with clash,"}, {"start": "00:23:44", "end": "00:23:53", "text": "man. really want to see really want to see soul get back up to like 187. It was just there a few weeks"}, {"start": "00:23:53", "end": "00:23:59", "text": "ago. It's a major buying opportunity right"}, {"start": "00:23:59", "end": "00:24:06", "text": "now. You know, like I was looking at Bitcoin."}, {"start": "00:24:06", "end": "00:24:13", "text": "If you go to the weekly and you look at RSI"}, {"start": "00:24:13", "end": "00:24:18", "text": "down here, the RSI"}, {"start": "00:24:18", "end": "00:24:26", "text": "dropped to the same point as when Bitcoin was at 16,000."}, {"start": "00:24:26", "end": "00:24:34", "text": "Think about it on the weekly scale. RSI is more oversold"}, {"start": "00:24:34", "end": "00:24:41", "text": "than when we fell down to 73,000. When we fell down to 40 something,000."}, {"start": "00:24:41", "end": "00:24:48", "text": "It's equal to when Bitcoin was at 16,000. That's how oversold Bitcoin is right"}, {"start": "00:24:48", "end": "00:24:58", "text": "now. It's kind of crazy. Kind of crazy."}, {"start": "00:25:26", "end": "00:25:32", "text": "just is the same as the fear level. I mean, if you extrapolate the fear level,"}, {"start": "00:25:32", "end": "00:25:40", "text": "it it would be the exact same because fear level is as low as the FTX collapse, which"}, {"start": "00:25:40", "end": "00:25:44", "text": "was uh around 156,000."}, {"start": "00:25:54", "end": "00:26:02", "text": "I'm not going to be doing a all day stream. No, sir."}, {"start": "00:26:05", "end": "00:26:10", "text": "I am in Discord almost like all day. Like I I may not be chiming in all the"}, {"start": "00:26:10", "end": "00:26:15", "text": "time, but I am in there. So, I'm still curious why most of you guys are not in"}, {"start": "00:26:15", "end": "00:26:21", "text": "Discord chatting. You guys love to chat all things. You might, you know, you"}, {"start": "00:26:21", "end": "00:26:27", "text": "might want to talk about charts, you might want to talk about news, you want to talk about Clash, you want to talk"}, {"start": "00:26:27", "end": "00:26:36", "text": "about anything. Don't see why you guys are not in Discord chatting away. Um,"}, {"start": "00:26:36", "end": "00:26:41", "text": "and as for Clash Clash tournaments, the new entry is open and we have accounts"}, {"start": "00:26:41", "end": "00:26:48", "text": "now. So, if you go to the website and you sign up, you now have accounts and it's going to"}, {"start": "00:26:48", "end": "00:26:55", "text": "make it so much easier for people that are participating in tournaments, spectating, winning those giveaways,"}, {"start": "00:26:55", "end": "00:27:00", "text": "and we're going to build in uh a referral program. But everything is"}, {"start": "00:27:00", "end": "00:27:08", "text": "going to be so much simpler, simplified. And then what comes next is Clash Pix"}, {"start": "00:27:08", "end": "00:27:16", "text": "and integration with that. There's there's just going to be so much so much goodness. I can't even"}, {"start": "00:27:16", "end": "00:27:21", "text": "fathom what it's going to be like when it's all said and done."}, {"start": "00:27:38", "end": "00:27:43", "text": "I just bought 100 shares of Nvidia. Awesome. What's your next BDC buying"}, {"start": "00:27:43", "end": "00:27:49", "text": "price point? I'd say it's right around where we are. You know, we were at 89"}, {"start": "00:27:49", "end": "00:27:56", "text": "two days ago. We're like around 90. Maybe we hit 87, maybe we don't. You"}, {"start": "00:27:56", "end": "00:28:02", "text": "know, it's a great place, great point to be buying, but you never go all in,"}, {"start": "00:28:02", "end": "00:28:10", "text": "right? That's the whole point of having dry powder on the side so that you can buy the dips and DCA"}, {"start": "00:28:14", "end": "00:28:20", "text": "Galactico spray. You should get banned for that comment."}, {"start": "00:28:23", "end": "00:28:27", "text": "But I'm not going to"}, {"start": "00:28:51", "end": "00:28:56", "text": "Yeah, Nvidia Hood and Broadcom. Broadcom is having a big big recovery today for"}, {"start": "00:28:56", "end": "00:29:01", "text": "whatever reason. I think people are expecting that Nvidia"}, {"start": "00:29:01", "end": "00:29:08", "text": "earnings to be really good or a lot of people got insider information. They're loading up right now."}, {"start": "00:29:08", "end": "00:29:16", "text": "Really no reason for Broadcom to be up 5%. Um, but it's good because I have options in them."}, {"start": "00:29:20", "end": "00:29:26", "text": "It's weird. It almost seems like like yesterday everything sold off. Not"}, {"start": "00:29:26", "end": "00:29:33", "text": "everything, but most things sold off and Bitcoin crypto rallied and today we're getting uh like a tech rally and then"}, {"start": "00:29:33", "end": "00:29:40", "text": "Bitcoin sold off. It's like it's almost like the same pool of money just being diverted from one sector to another."}, {"start": "00:29:40", "end": "00:29:46", "text": "They should be in tandem, but it's almost like you either pick crypto or"}, {"start": "00:29:46", "end": "00:29:51", "text": "you pick, let's say, AI. It's like one or the other. They're like"}, {"start": "00:29:51", "end": "00:29:57", "text": "not not moving up in tandem."}, {"start": "00:30:04", "end": "00:30:11", "text": "Today, I got a scam email pretending it's a class tournament site. It's weird. I don't know where someone else said that in Discord. I don't know where"}, {"start": "00:30:11", "end": "00:30:16", "text": "they even get the emails or they're randomly sending it because"}, {"start": "00:30:16", "end": "00:30:23", "text": "we don't ask anywhere anyone to fill out their emails anywhere. But yeah, you wouldn't don't fill any of those things."}, {"start": "00:30:23", "end": "00:30:30", "text": "Only go to official sites like our X or"}, {"start": "00:30:30", "end": "00:30:37", "text": "our website, okay? Don't go to anywhere else. And if"}, {"start": "00:30:37", "end": "00:30:42", "text": "you want to verify, go into Discord and verify. But yeah, there's a lot of"}, {"start": "00:30:42", "end": "00:30:48", "text": "impersonators, a lot of people trying to take advantage of our success."}, {"start": "00:30:48", "end": "00:30:55", "text": "Don't fall for it. And if you really don't know, just check the description of this video. Then you know, okay, all"}, {"start": "00:30:55", "end": "00:31:00", "text": "the official links, everything is in this video."}, {"start": "00:31:00", "end": "00:31:07", "text": "But now you can sign up. You could go sign up your account. You go to tournament also. sign up. It kind of"}, {"start": "00:31:07", "end": "00:31:14", "text": "explains everything, what the prizes are and everything. The new account page, there's a little a few"}, {"start": "00:31:14", "end": "00:31:22", "text": "bugs, but we're working it out for most people that are able to join. But the count the count page is really a game"}, {"start": "00:31:22", "end": "00:31:27", "text": "changer. Let's go make things super simple."}, {"start": "00:32:05", "end": "00:32:10", "text": "How come you didn't go to Vulcan Forge Vulcan 4 as a speaker? I haven't had any"}, {"start": "00:32:10", "end": "00:32:16", "text": "communication with Jamie in like years. Uh, honestly,"}, {"start": "00:32:16", "end": "00:32:24", "text": "I have no idea. Vulcan Forge, I mean, Jamie was just going all in all directions from a few years ago."}, {"start": "00:32:24", "end": "00:32:29", "text": "um he's like trying everything under the sun to make things work, which is great"}, {"start": "00:32:29", "end": "00:32:35", "text": "because it's great to see founders and projects not give up. But the gaming"}, {"start": "00:32:35", "end": "00:32:40", "text": "sector, the web 3 gaming sector, man,"}, {"start": "00:32:40", "end": "00:32:49", "text": "not one is doing well. They all tanked. Many have like remember Star Atlas."}, {"start": "00:32:49", "end": "00:32:54", "text": "I think Michael Wagner like basically started charging people to play it."}, {"start": "00:32:54", "end": "00:33:02", "text": "Turned off a lot of people. I think he started another project too. Like all web 3 gaming projects have done horribly"}, {"start": "00:33:02", "end": "00:33:08", "text": "because we haven't had allcoin season and people just lost interest in them."}, {"start": "00:33:08", "end": "00:33:15", "text": "Right. But I wish Jamie the best. But I haven't talked to him in years."}, {"start": "00:33:36", "end": "00:33:43", "text": "See that that's the reason why we have advantage with Clash. Okay, the"}, {"start": "00:33:43", "end": "00:33:48", "text": "project is based around a very popular Clash Royale game, a web two game that"}, {"start": "00:33:48", "end": "00:33:55", "text": "has millions upon millions of people playing it every month and they are always developing it. We don't need to"}, {"start": "00:33:55", "end": "00:34:03", "text": "market the game. We don't need to spend money on development of the game. What we're doing is building around it."}, {"start": "00:34:03", "end": "00:34:08", "text": "were building tournaments which you know they have"}, {"start": "00:34:08", "end": "00:34:13", "text": "their own the major like CRL one but outside of that all these guys they're"}, {"start": "00:34:13", "end": "00:34:20", "text": "telling me there's really nothing that is doing what we're doing where they could join every week and have fun and"}, {"start": "00:34:20", "end": "00:34:26", "text": "win prizes and compete. So, we're building around the game, which makes it"}, {"start": "00:34:26", "end": "00:34:32", "text": "so much easier. And now we're building more utility like"}, {"start": "00:34:32", "end": "00:34:38", "text": "Clash Picks, which will make it even more enticing to get involved and to"}, {"start": "00:34:38", "end": "00:34:43", "text": "make predictions based on outcomes. Um,"}, {"start": "00:34:43", "end": "00:34:49", "text": "I just feel like we have such an advantage. So, it's like a gaming community"}, {"start": "00:34:49", "end": "00:34:55", "text": "project, right? But we're moving beyond that."}, {"start": "00:35:13", "end": "00:35:21", "text": "Just paid 20k for a new roof. That's a lot of money. This sucks."}, {"start": "00:35:21", "end": "00:35:29", "text": "But hopefully enjoy your roof for a long time. Yeah. I remember at my new house"}, {"start": "00:35:29", "end": "00:35:37", "text": "I paid like it was like 35k for my roof or"}, {"start": "00:35:37", "end": "00:35:44", "text": "something. And it was not even a fancy metal roof or anything like that. It's just it's just normal"}, {"start": "00:35:44", "end": "00:35:51", "text": "whatever shingles. It looks good, but it's, you know, um I think they last like 20 or 30"}, {"start": "00:35:51", "end": "00:35:57", "text": "years, but if you get the metal ones, they last forever, but the metal ones cost like five times as much. So, it's"}, {"start": "00:35:57", "end": "00:36:04", "text": "like what's the point of that? You know, you won't even be around to"}, {"start": "00:36:04", "end": "00:36:11", "text": "switch your your roofs enough to make up for the cost difference."}, {"start": "00:36:26", "end": "00:36:33", "text": "Yeah. Uh, anyways, the money saved. I got solar panels instead, but I did it on"}, {"start": "00:36:33", "end": "00:36:39", "text": "just the south side of the house, so from the front and sides, you can't see. cuz I think solar panels when you could"}, {"start": "00:36:39", "end": "00:36:46", "text": "clearly see it on the front of the house looks really ugly. So I have it and my house is really tall"}, {"start": "00:36:46", "end": "00:36:52", "text": "so you really can't see it. Even if you're in a backyard there's no way you could see it. Um"}, {"start": "00:36:52", "end": "00:37:02", "text": "so I got solar instead you know so that I think that's a much better investment than going with metal metal roofs."}, {"start": "00:37:33", "end": "00:37:40", "text": "Peter Schiff always calls out everyone, but he did call out Sailor to a debate because he's now saying Bitcoin won't go"}, {"start": "00:37:40", "end": "00:37:46", "text": "to zero, but he's saying that strategy is going to go to zero. So now he's"}, {"start": "00:37:46", "end": "00:37:51", "text": "personally attacking his business, right? So Sailor should"}, {"start": "00:37:51", "end": "00:37:57", "text": "debate him. So, this is no longer like a Bitcoin debate, which you know that you can't win against Schiff because he he"}, {"start": "00:37:57", "end": "00:38:03", "text": "just doesn't listen to reason. But now Shiff is kind of spreading FUD about"}, {"start": "00:38:03", "end": "00:38:08", "text": "strategy. So, I think Sailor should accept that."}, {"start": "00:38:08", "end": "00:38:14", "text": "But I don't know. Shiff is he's a nice guy. I met him at the Bitcoin conference"}, {"start": "00:38:14", "end": "00:38:21", "text": "earlier this year. He loves to take pictures of people, you know, he loves to debate. random people were just going"}, {"start": "00:38:21", "end": "00:38:26", "text": "up to him and trying to talk to him. Mostly cordial, but still, you"}, {"start": "00:38:26", "end": "00:38:32", "text": "know, he's a good sport and he's definitely very smart, but he has this like just stick where he has to be a"}, {"start": "00:38:32", "end": "00:38:40", "text": "Bitcoin bear, right? But he now recognizes Bitcoin's not going to go to zero. It's not no matter what he says."}, {"start": "00:38:40", "end": "00:38:46", "text": "So now he has to find like another stick to to keep his popularity going. And I"}, {"start": "00:38:46", "end": "00:38:50", "text": "think that's attacking sailor and strategy."}, {"start": "00:38:58", "end": "00:39:05", "text": "Uh, exactly. Ship is a smart engagement farmer, but he is,"}, {"start": "00:39:05", "end": "00:39:12", "text": "you know, he's very successful and wealthy, and what he says about the economy, I agree with. I think most of"}, {"start": "00:39:12", "end": "00:39:17", "text": "us agree. Um, you know, he he believes the economy"}, {"start": "00:39:17", "end": "00:39:22", "text": "and and just money in general, the Fed, everyone is just,"}, {"start": "00:39:22", "end": "00:39:29", "text": "you know, they're they're they're going down this path where you can't come back from. Everything's built on house of"}, {"start": "00:39:29", "end": "00:39:36", "text": "cards. It's all going to collapse. And that's the reason why he believes in gold so much. He should just embrace"}, {"start": "00:39:36", "end": "00:39:41", "text": "Bitcoin, but because his gold business, he can't."}, {"start": "00:40:03", "end": "00:40:09", "text": "Yeah, I'm pretty sure he owns some Bitcoin. I asked him about that."}, {"start": "00:40:19", "end": "00:40:27", "text": "Elizabeth, if you have questions about Clash, go into Discord and ask them."}, {"start": "00:40:36", "end": "00:40:42", "text": "Does anyone know why this month earnings are expected to be so much higher than other months?"}, {"start": "00:40:42", "end": "00:40:50", "text": "You know, you know how we have this concept in America called Black Friday where you get awesome deals after"}, {"start": "00:40:50", "end": "00:40:56", "text": "Thanksgiving? It's because most companies in Q4 finally turn a profit."}, {"start": "00:40:56", "end": "00:41:01", "text": "That's how it was before. Maybe maybe modern companies are not so much like"}, {"start": "00:41:01", "end": "00:41:09", "text": "that, but I I think for most part it still is. Basically, the first three quarters you're grinding and you're breaking even. Q4 is when you're really"}, {"start": "00:41:09", "end": "00:41:14", "text": "starting to make money. And that's why there are deals given but even though"}, {"start": "00:41:14", "end": "00:41:21", "text": "Black Friday is not like how it was 20 years ago. Um but that I think is the"}, {"start": "00:41:21", "end": "00:41:28", "text": "reason why Mrs. Waller"}, {"start": "00:41:31", "end": "00:41:37", "text": "why are people surprised beyond cinemas like George you have Discord?"}, {"start": "00:41:37", "end": "00:41:43", "text": "I've been talking about Discord for how many months now?"}, {"start": "00:41:44", "end": "00:41:50", "text": "Are you kidding me? Are you living under a rock? Or have you not turned in"}, {"start": "00:41:50", "end": "00:41:57", "text": "to to this channel in like years? I've been talking about Discord. I've had that Discord for years. I've been"}, {"start": "00:41:57", "end": "00:42:05", "text": "talking about it and been hang out more because of Clash. And now you're you're like, \"Oh, you had"}, {"start": "00:42:05", "end": "00:42:10", "text": "Discord?\" Like where have you been? Oh, you're streaming on YouTube. I didn't"}, {"start": "00:42:10", "end": "00:42:14", "text": "know that."}, {"start": "00:42:23", "end": "00:42:30", "text": "It's in the description of this video. You could join it. You could join it. Um, and it's not just for Clash. It's"}, {"start": "00:42:30", "end": "00:42:34", "text": "for all things. Okay."}, {"start": "00:42:42", "end": "00:42:51", "text": "It's funny. Every every so often I meet people randomly and they're like, \"Hey, you're you're"}, {"start": "00:42:51", "end": "00:42:56", "text": "cryptos are us, right?\" And I'm like, \"Yeah, yeah.\" And I try to talk to them. They're like, \"Yeah, I've been watching"}, {"start": "00:42:56", "end": "00:43:02", "text": "you for years or I used to watch you a lot.\" But the thing is,"}, {"start": "00:43:02", "end": "00:43:08", "text": "I'm thinking if they really watch me a lot, they wouldn't know and call me by my name, George. They wouldn't say your"}, {"start": "00:43:08", "end": "00:43:14", "text": "cryptos are us, right? It's like I start every freaking stream saying I am"}, {"start": "00:43:14", "end": "00:43:19", "text": "George. We're all George, so you should know my name. So, a lot I think a lot of"}, {"start": "00:43:19", "end": "00:43:26", "text": "people pretend like they watch me a lot, but they really don't."}, {"start": "00:43:28", "end": "00:43:33", "text": "Just just a random thought."}, {"start": "00:43:43", "end": "00:43:50", "text": "Josh is like, \"First time viewer, longtime listener. Stoked to see you on YouTube."}, {"start": "00:44:00", "end": "00:44:07", "text": "All right, guys. On that note, it's time to get off this YouTube thing."}, {"start": "00:44:07", "end": "00:44:12", "text": "Um, all right. So, today, let's see how things go with"}, {"start": "00:44:12", "end": "00:44:19", "text": "the Nvidia earnings and Fed minutes. We got a couple things to look forward to. Overall, we're slightly down versus"}, {"start": "00:44:19", "end": "00:44:24", "text": "yesterday, but tech is rallying. AI is rallying. So, that's a good sign."}, {"start": "00:44:24", "end": "00:44:33", "text": "Stay strong, my friends. And yes, I do have a Discord that you can join right now and chat. And yes, Clash is my"}, {"start": "00:44:33", "end": "00:44:41", "text": "project and you can go check it out and sign up and learn more about it on this web page or in Discord as well. And yes,"}, {"start": "00:44:41", "end": "00:44:48", "text": "you're watching me on YouTube. All right, guys. Smash it a like. Subscribe to the channel. I'll see you guys later"}, {"start": "00:44:48", "end": "00:44:50", "text": "today."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Welcome back. So this morning it got"}, {"start": "00:00:04", "end": "00:00:07", "text": "pretty bad. Lost my temper a little bit"}, {"start": "00:00:07", "end": "00:00:10", "text": "because we had a lot of naysayers, a lot"}, {"start": "00:00:10", "end": "00:00:12", "text": "of people calling for the end, calling"}, {"start": "00:00:12", "end": "00:00:16", "text": "for a bare market. All this negativity,"}, {"start": "00:00:16", "end": "00:00:20", "text": "right? And I said, hey,"}, {"start": "00:00:20", "end": "00:00:23", "text": "it's not over. We have seen this before."}, {"start": "00:00:23", "end": "00:00:26", "text": "We have seen"}, {"start": "00:00:26", "end": "00:00:28", "text": "worse."}, {"start": "00:00:28", "end": "00:00:30", "text": "And Bitcoin always pulls through, right?"}, {"start": "00:00:30", "end": "00:00:33", "text": "And it wasn't just me. I showed a couple"}, {"start": "00:00:33", "end": "00:00:37", "text": "of guys, Bitwise, the CIO Tom Lee also"}, {"start": "00:00:37", "end": "00:00:40", "text": "saying that it looks like we have found"}, {"start": "00:00:40", "end": "00:00:43", "text": "a bottom. It looks like we are going to"}, {"start": "00:00:43", "end": "00:00:47", "text": "turn around and today we actually did."}, {"start": "00:00:47", "end": "00:00:49", "text": "And let me explain why it's so"}, {"start": "00:00:49", "end": "00:00:53", "text": "significant. Okay. Uh, so as you can see"}, {"start": "00:00:53", "end": "00:00:56", "text": "right now, Bitcoin is at 925, which"}, {"start": "00:00:56", "end": "00:00:59", "text": "isn't the greatest level, but obviously"}, {"start": "00:00:59", "end": "00:01:03", "text": "better than the 89 level that we hit"}, {"start": "00:01:03", "end": "00:01:06", "text": "just a day ago. And this morning while"}, {"start": "00:01:06", "end": "00:01:08", "text": "we were climbing up a little bit, right,"}, {"start": "00:01:08", "end": "00:01:11", "text": "I was like like it was right right"}, {"start": "00:01:11", "end": "00:01:12", "text": "around here when I was live streaming"}, {"start": "00:01:12", "end": "00:01:14", "text": "and then shortly after we went up a"}, {"start": "00:01:14", "end": "00:01:17", "text": "little bit. Uh, not only that, very"}, {"start": "00:01:17", "end": "00:01:20", "text": "encouraging for some adults like Salana."}, {"start": "00:01:20", "end": "00:01:23", "text": "Salana today just basically did this"}, {"start": "00:01:23", "end": "00:01:26", "text": "like went up almost like 10% maybe even"}, {"start": "00:01:26", "end": "00:01:29", "text": "more and some of the other alts did very"}, {"start": "00:01:29", "end": "00:01:33", "text": "well too. Now, here's the thing."}, {"start": "00:01:33", "end": "00:01:36", "text": "This recovery, this bounceback, even"}, {"start": "00:01:36", "end": "00:01:39", "text": "though it's small, I know some of you"}, {"start": "00:01:39", "end": "00:01:40", "text": "guys may be rolling your eyes. You're"}, {"start": "00:01:40", "end": "00:01:42", "text": "like, \"What bounce back? What what"}, {"start": "00:01:42", "end": "00:01:46", "text": "recovery?\" Even though this is a small"}, {"start": "00:01:46", "end": "00:01:49", "text": "recovery, a small bounce, it is very"}, {"start": "00:01:49", "end": "00:01:52", "text": "significant. And here's the reason why"}, {"start": "00:01:52", "end": "00:01:56", "text": "the broader market went down 500 points."}, {"start": "00:01:56", "end": "00:01:59", "text": "Okay, look at it. S&P logs his longest"}, {"start": "00:01:59", "end": "00:02:02", "text": "life since August. Today the US market"}, {"start": "00:02:02", "end": "00:02:05", "text": "was not green. It was red. It was very"}, {"start": "00:02:05", "end": "00:02:10", "text": "very red just like Monday. And despite"}, {"start": "00:02:10", "end": "00:02:13", "text": "today Wall Street selling off, Bitcoin"}, {"start": "00:02:13", "end": "00:02:16", "text": "and crypto did not."}, {"start": "00:02:16", "end": "00:02:19", "text": "That's what's so significant about this."}, {"start": "00:02:19", "end": "00:02:22", "text": "Okay."}, {"start": "00:02:22", "end": "00:02:26", "text": "If we were going to turn around,"}, {"start": "00:02:26", "end": "00:02:30", "text": "we would do it in this manner like a"}, {"start": "00:02:30", "end": "00:02:32", "text": "decoupling. And in fact, not just"}, {"start": "00:02:32", "end": "00:02:34", "text": "decoupling, basically what crypto does"}, {"start": "00:02:34", "end": "00:02:37", "text": "is crypto leads the way. Crypto is kind"}, {"start": "00:02:37", "end": "00:02:39", "text": "of like a precursor. Tom Lee also"}, {"start": "00:02:39", "end": "00:02:43", "text": "mentioned it this morning about how"}, {"start": "00:02:43", "end": "00:02:45", "text": "Bitcoin and crypto starts slide down"}, {"start": "00:02:45", "end": "00:02:46", "text": "first before the broader market, before"}, {"start": "00:02:46", "end": "00:02:49", "text": "AI and tech and all that. So if there is"}, {"start": "00:02:49", "end": "00:02:51", "text": "a turnaround, crypto and Bitcoin will"}, {"start": "00:02:51", "end": "00:02:56", "text": "lead the way. And today was probably the"}, {"start": "00:02:56", "end": "00:02:58", "text": "first time in the last what month or"}, {"start": "00:02:58", "end": "00:03:01", "text": "two."}, {"start": "00:03:01", "end": "00:03:03", "text": "Okay, maybe not a month or two, maybe"}, {"start": "00:03:03", "end": "00:03:06", "text": "like one month, month and a half where"}, {"start": "00:03:06", "end": "00:03:10", "text": "we actually got a little signal that"}, {"start": "00:03:10", "end": "00:03:13", "text": "hey, we may be turning around. There"}, {"start": "00:03:13", "end": "00:03:16", "text": "still may be a year-end rally and it's"}, {"start": "00:03:16", "end": "00:03:18", "text": "not time to give up. I mentioned how we"}, {"start": "00:03:18", "end": "00:03:20", "text": "have catalyst. Tomorrow's a big"}, {"start": "00:03:20", "end": "00:03:23", "text": "catalyst. Tomorrow,"}, {"start": "00:03:23", "end": "00:03:26", "text": "Nvidia is set to announce the earnings."}, {"start": "00:03:26", "end": "00:03:28", "text": "Nvidia has not been doing well for the"}, {"start": "00:03:28", "end": "00:03:32", "text": "past week or two weeks. Okay. All eyes"}, {"start": "00:03:32", "end": "00:03:34", "text": "are on Nvidia to lead the tech sector,"}, {"start": "00:03:34", "end": "00:03:36", "text": "but more importantly, the AI sector. Is"}, {"start": "00:03:36", "end": "00:03:40", "text": "it a bubble or it will Nvidia blow away"}, {"start": "00:03:40", "end": "00:03:44", "text": "numbers once again and say, \"F you to"}, {"start": "00:03:44", "end": "00:03:46", "text": "all the naysayers. We are not in a"}, {"start": "00:03:46", "end": "00:03:49", "text": "bubble. We are the biggest company on"}, {"start": "00:03:49", "end": "00:03:53", "text": "the planet for a reason."}, {"start": "00:03:53", "end": "00:03:56", "text": "So tomorrow that could be a huge"}, {"start": "00:03:56", "end": "00:03:59", "text": "catalyst. Okay. For the rest of the"}, {"start": "00:03:59", "end": "00:04:00", "text": "week."}, {"start": "00:04:00", "end": "00:04:04", "text": "What else is a catalyst?"}, {"start": "00:04:04", "end": "00:04:07", "text": "Well, this morning we finally got some"}, {"start": "00:04:07", "end": "00:04:11", "text": "job numbers and they're not good."}, {"start": "00:04:11", "end": "00:04:13", "text": "Thursday, we're gonna get more numbers"}, {"start": "00:04:13", "end": "00:04:17", "text": "and the worse the numbers are, the"}, {"start": "00:04:17", "end": "00:04:19", "text": "higher"}, {"start": "00:04:19", "end": "00:04:22", "text": "this will be. So, that could be a"}, {"start": "00:04:22", "end": "00:04:24", "text": "catalyst, too. There are a lot of people"}, {"start": "00:04:24", "end": "00:04:29", "text": "calling for massive rate cuts. Okay. And"}, {"start": "00:04:29", "end": "00:04:31", "text": "uh I saw someone make a big prediction"}, {"start": "00:04:31", "end": "00:04:33", "text": "on poly market for a 50 basis point cut"}, {"start": "00:04:33", "end": "00:04:35", "text": "in December. I don't think that's very"}, {"start": "00:04:35", "end": "00:04:38", "text": "likely at all, but if it comes true,"}, {"start": "00:04:38", "end": "00:04:41", "text": "that guy's going to win a ton. But"}, {"start": "00:04:41", "end": "00:04:44", "text": "basically, this number is below 50%."}, {"start": "00:04:44", "end": "00:04:47", "text": "And if we get some bad jobs numbers,"}, {"start": "00:04:47", "end": "00:04:49", "text": "this is going to go up in a big way."}, {"start": "00:04:49", "end": "00:04:52", "text": "Especially if the job numbers are"}, {"start": "00:04:52", "end": "00:04:55", "text": "really, really horrendous. The Fed"}, {"start": "00:04:55", "end": "00:04:56", "text": "already said they want to save jobs."}, {"start": "00:04:56", "end": "00:05:00", "text": "They're going to prioritize that over"}, {"start": "00:05:00", "end": "00:05:03", "text": "inflation. Okay. So, that could be a big"}, {"start": "00:05:03", "end": "00:05:06", "text": "catalyst. So, Wednesday after close,"}, {"start": "00:05:06", "end": "00:05:08", "text": "Thursday, we're going to get some huge"}, {"start": "00:05:08", "end": "00:05:12", "text": "numbers that could definitely drive us"}, {"start": "00:05:12", "end": "00:05:14", "text": "higher."}, {"start": "00:05:14", "end": "00:05:18", "text": "So, we finally got that bounce,"}, {"start": "00:05:18", "end": "00:05:20", "text": "right? And right now, Bitcoin is"}, {"start": "00:05:20", "end": "00:05:23", "text": "holding. As of right now, Asia's"}, {"start": "00:05:23", "end": "00:05:26", "text": "awakened and we haven't seen any"}, {"start": "00:05:26", "end": "00:05:28", "text": "selloff."}, {"start": "00:05:28", "end": "00:05:31", "text": "Okay? So"}, {"start": "00:05:31", "end": "00:05:33", "text": "very positive. And this morning I told"}, {"start": "00:05:33", "end": "00:05:37", "text": "you about Matt Hogan from Bitwise and"}, {"start": "00:05:37", "end": "00:05:40", "text": "Tom Lee both called for a bottom. They"}, {"start": "00:05:40", "end": "00:05:42", "text": "didn't say exactly now, but they said"}, {"start": "00:05:42", "end": "00:05:45", "text": "this week, right? And it could be that"}, {"start": "00:05:45", "end": "00:05:49", "text": "it was yesterday. That was bottom. We"}, {"start": "00:05:49", "end": "00:05:51", "text": "went down 30 something% from the top."}, {"start": "00:05:51", "end": "00:05:55", "text": "The last two major corrections was right"}, {"start": "00:05:55", "end": "00:05:58", "text": "around here, 30 32%."}, {"start": "00:05:58", "end": "00:06:03", "text": "back in April and back in 2024."}, {"start": "00:06:03", "end": "00:06:05", "text": "Okay. And not only these guys, you got"}, {"start": "00:06:05", "end": "00:06:08", "text": "Standard Charter. Standard Charter also"}, {"start": "00:06:08", "end": "00:06:12", "text": "said Bitcoin selloff likely over eyes"}, {"start": "00:06:12", "end": "00:06:15", "text": "year end rally. No one's giving up. No"}, {"start": "00:06:15", "end": "00:06:18", "text": "one. long-term holders,"}, {"start": "00:06:18", "end": "00:06:22", "text": "bulls, Michael Sailor, even these big"}, {"start": "00:06:22", "end": "00:06:26", "text": "institutions like Standard Charter, they"}, {"start": "00:06:26", "end": "00:06:28", "text": "are not giving up. This is what I've"}, {"start": "00:06:28", "end": "00:06:30", "text": "been saying. The fundamentals have never"}, {"start": "00:06:30", "end": "00:06:33", "text": "been better. You may have some bad"}, {"start": "00:06:33", "end": "00:06:35", "text": "actors, you may have some market makers"}, {"start": "00:06:35", "end": "00:06:38", "text": "or exchanges or whoever whales that may"}, {"start": "00:06:38", "end": "00:06:40", "text": "be"}, {"start": "00:06:40", "end": "00:06:43", "text": "manipulating the market, suppressing the"}, {"start": "00:06:43", "end": "00:06:46", "text": "market, causing retail to panic. Not"}, {"start": "00:06:46", "end": "00:06:49", "text": "only retail, Wall Street ETF inflows"}, {"start": "00:06:49", "end": "00:06:52", "text": "have been negative, right?"}, {"start": "00:06:52", "end": "00:06:55", "text": "Despite all that,"}, {"start": "00:06:56", "end": "00:06:59", "text": "we will find a way out. Okay, they could"}, {"start": "00:06:59", "end": "00:07:02", "text": "only do it for so long. And last night,"}, {"start": "00:07:02", "end": "00:07:04", "text": "I noticed some exhaustion, seller"}, {"start": "00:07:04", "end": "00:07:07", "text": "exhaustion. Even though the whales or"}, {"start": "00:07:07", "end": "00:07:10", "text": "whoever tried to push Bitcoin further"}, {"start": "00:07:10", "end": "00:07:12", "text": "down, it it just couldn't. and the alts"}, {"start": "00:07:12", "end": "00:07:14", "text": "actually started"}, {"start": "00:07:14", "end": "00:07:16", "text": "holding strong and started recovering"}, {"start": "00:07:16", "end": "00:07:19", "text": "faster in Bitcoin. That was a clear"}, {"start": "00:07:19", "end": "00:07:22", "text": "indication to me that we are close to"}, {"start": "00:07:22", "end": "00:07:23", "text": "the end,"}, {"start": "00:07:23", "end": "00:07:26", "text": "right? And today we got a decent"}, {"start": "00:07:26", "end": "00:07:29", "text": "recovery. I know it's small, but it's"}, {"start": "00:07:29", "end": "00:07:33", "text": "significant because we had this recovery"}, {"start": "00:07:33", "end": "00:07:36", "text": "despite"}, {"start": "00:07:36", "end": "00:07:40", "text": "a negative US market, right? The US"}, {"start": "00:07:40", "end": "00:07:45", "text": "market was bad. All indexes"}, {"start": "00:07:45", "end": "00:07:47", "text": "bad,"}, {"start": "00:07:47", "end": "00:07:50", "text": "tech bad, AI bad, right? Despite"}, {"start": "00:07:50", "end": "00:07:53", "text": "everything being red, we still pulled"}, {"start": "00:07:53", "end": "00:07:56", "text": "off a pretty significant bounce."}, {"start": "00:07:56", "end": "00:07:59", "text": "Same deal with Clash, too. By the way,"}, {"start": "00:07:59", "end": "00:08:02", "text": "Clash is just so darn strong. Tonight I"}, {"start": "00:08:02", "end": "00:08:07", "text": "plan on detailing more about changes to"}, {"start": "00:08:07", "end": "00:08:09", "text": "Clash Pickics, okay, which is our"}, {"start": "00:08:09", "end": "00:08:11", "text": "prediction market platform that's coming"}, {"start": "00:08:11", "end": "00:08:14", "text": "out and our new accounts for"}, {"start": "00:08:14", "end": "00:08:16", "text": "tournaments. These are going to be huge"}, {"start": "00:08:16", "end": "00:08:18", "text": "changes. So that's why Clash has"}, {"start": "00:08:18", "end": "00:08:20", "text": "recovered."}, {"start": "00:08:20", "end": "00:08:22", "text": "I know that's a plug, but still I don't"}, {"start": "00:08:22", "end": "00:08:24", "text": "care. I love Clash and the community"}, {"start": "00:08:24", "end": "00:08:27", "text": "loves it, too. Uh Salana pumped or"}, {"start": "00:08:27", "end": "00:08:30", "text": "recovered and Bitcoin did, too. But"}, {"start": "00:08:30", "end": "00:08:31", "text": "obviously we want to see Bitcoin a lot"}, {"start": "00:08:31", "end": "00:08:36", "text": "higher. Okay, there are still forces at"}, {"start": "00:08:36", "end": "00:08:38", "text": "work right now that I believe that are"}, {"start": "00:08:38", "end": "00:08:40", "text": "still they are still holding Bitcoin"}, {"start": "00:08:40", "end": "00:08:42", "text": "back. We should definitely be above that"}, {"start": "00:08:42", "end": "00:08:45", "text": "orange line at 96,000."}, {"start": "00:08:45", "end": "00:08:48", "text": "That should definitely be the next stop"}, {"start": "00:08:48", "end": "00:08:50", "text": "and then after that, of course, above"}, {"start": "00:08:50", "end": "00:08:54", "text": "100, right? But very encouraging to see"}, {"start": "00:08:54", "end": "00:08:57", "text": "what happened today and I'm looking"}, {"start": "00:08:57", "end": "00:09:01", "text": "forward to tomorrow. especially"}, {"start": "00:09:01", "end": "00:09:03", "text": "with the Nvidia earning earnings and I'm"}, {"start": "00:09:03", "end": "00:09:05", "text": "looking forward to Thursday too. I think"}, {"start": "00:09:05", "end": "00:09:07", "text": "they could be big catalyst to drive us"}, {"start": "00:09:07", "end": "00:09:11", "text": "higher. We have been oversold for a"}, {"start": "00:09:11", "end": "00:09:14", "text": "while now. Fear levels high. We haven't"}, {"start": "00:09:14", "end": "00:09:18", "text": "seen fear levels this high since April."}, {"start": "00:09:18", "end": "00:09:21", "text": "So, I think it's time. I think it's"}, {"start": "00:09:21", "end": "00:09:24", "text": "time. I remain bullish. And there may be"}, {"start": "00:09:24", "end": "00:09:26", "text": "a lot of people that have turned sour"}, {"start": "00:09:26", "end": "00:09:28", "text": "and negative,"}, {"start": "00:09:28", "end": "00:09:32", "text": "but don't listen to those people, okay?"}, {"start": "00:09:32", "end": "00:09:34", "text": "The market is strong, fundamentals are"}, {"start": "00:09:34", "end": "00:09:36", "text": "great, and"}, {"start": "00:09:36", "end": "00:09:39", "text": "we will pull through this. We will. All"}, {"start": "00:09:39", "end": "00:09:42", "text": "right, guys. Smash a like, subscribe to"}, {"start": "00:09:42", "end": "00:09:43", "text": "the channel. I'll see some of you guys"}, {"start": "00:09:43", "end": "00:09:45", "text": "on my other channel, and I'll see the"}, {"start": "00:09:45", "end": "00:09:47", "text": "rest of you guys tomorrow,"}, {"start": "00:09:47", "end": "00:09:51", "text": "usual time. Take care. Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:08", "text": "Welcome back to Cryptos. I'm George. We're all"}, {"start": "00:00:08", "end": "00:00:13", "text": "George. So, welcome to another market open stream. Is today going to be a"}, {"start": "00:00:13", "end": "00:00:18", "text": "better day than yesterday? And"}, {"start": "00:00:18", "end": "00:00:26", "text": "do we find a cycle bottom? Did we find the local bottom? Did we find any bottom at all? And are we"}, {"start": "00:00:26", "end": "00:00:32", "text": "preparing for the recovery? Well, let's talk about that and let's talk about what to look forward to today and the"}, {"start": "00:00:32", "end": "00:00:39", "text": "rest of this week for Bitcoin and crypto. All right, let's do it, guys."}, {"start": "00:00:39", "end": "00:00:45", "text": "Welcome, welcome, welcome. Unfortunately, we are starting out"}, {"start": "00:00:45", "end": "00:00:51", "text": "slightly lower than yesterday and overall lower than a week ago. Uh we're"}, {"start": "00:00:51", "end": "00:00:58", "text": "at 914. Yesterday we fell down to as low as"}, {"start": "00:00:58", "end": "00:01:06", "text": "89 891 892. Okay. Obviously not a place that"}, {"start": "00:01:06", "end": "00:01:14", "text": "we're very comfortable with and only two $2,000 away from that next uh next"}, {"start": "00:01:14", "end": "00:01:21", "text": "support level. But we did bounce off of there and we seem to have recovered a little bit. And someone like Salana for"}, {"start": "00:01:21", "end": "00:01:27", "text": "example had a really good recovery up about six and a half almost 7%. Looks"}, {"start": "00:01:27", "end": "00:01:37", "text": "like it wants to keep going although of course uh still way lower than where it was last week just like Bitcoin."}, {"start": "00:01:37", "end": "00:01:43", "text": "But have we found that bottom? Have we found that local bottom or even a cycle"}, {"start": "00:01:43", "end": "00:01:49", "text": "bottom? There are a few people that think so and I'll get to that shortly."}, {"start": "00:01:49", "end": "00:01:54", "text": "The US market is opening up in the red though."}, {"start": "00:01:56", "end": "00:02:03", "text": "However, you see, hey, Micro Strategy is up. Coinbase is up. Is Wall Street"}, {"start": "00:02:03", "end": "00:02:10", "text": "finally turning the corner and saying, well, things are oversold. We got to start"}, {"start": "00:02:10", "end": "00:02:17", "text": "buying again. I guess the day is young. Let's see. But we're off to a good start. Uh today the biggest news is this"}, {"start": "00:02:17", "end": "00:02:23", "text": "cloudfare is down. Uh basically what they do is do a lot of"}, {"start": "00:02:23", "end": "00:02:32", "text": "caching okay of web pages and services and stuff like that to make things faster. And uh they went down which is"}, {"start": "00:02:32", "end": "00:02:39", "text": "affecting a whole lot of websites and AI like chat JPT is down, Grock is down, uh"}, {"start": "00:02:39", "end": "00:02:46", "text": "Dex Tools is down, X was down completely until they kind of fixed it. But it goes"}, {"start": "00:02:46", "end": "00:02:54", "text": "to show you how important some of these these providers are. um because"}, {"start": "00:02:54", "end": "00:02:59", "text": "everyone uses them basically and CloudFare goes down often for some"}, {"start": "00:02:59", "end": "00:03:04", "text": "reason. No idea why. Um but yeah, that that's that's disrupting a lot of"}, {"start": "00:03:04", "end": "00:03:09", "text": "things. But outside of that, I saw this into it, which is the company behind"}, {"start": "00:03:09", "end": "00:03:15", "text": "Turboax and QuickBooks and Credit Karma,"}, {"start": "00:03:15", "end": "00:03:20", "text": "some of the services you guys may be using. uh they're going to integrate chatbt and"}, {"start": "00:03:20", "end": "00:03:26", "text": "they're gonna pay over hund00 million a year."}, {"start": "00:03:26", "end": "00:03:32", "text": "This is good and bad. It's good in a way. Hey, you won't need"}, {"start": "00:03:32", "end": "00:03:37", "text": "some of you guys won't need to rely on say a tax accountant when Chad JBT can"}, {"start": "00:03:37", "end": "00:03:44", "text": "just answer your tax questions for you. So, that'd be great. It's bad if you are"}, {"start": "00:03:44", "end": "00:03:51", "text": "a tax accountant and your job has basically been taken away from you. So"}, {"start": "00:03:51", "end": "00:03:56", "text": "it depends on how you look at it. But tax accountants in the future"}, {"start": "00:03:56", "end": "00:04:04", "text": "they got to watch out all the tax codes all the legalities from different states or different countries or whatever."}, {"start": "00:04:04", "end": "00:04:09", "text": "Chat GBD will know everything instantly"}, {"start": "00:04:09", "end": "00:04:14", "text": "and they'll be able to just help people file their taxes without you. So I mean"}, {"start": "00:04:14", "end": "00:04:22", "text": "again this goes back to the conversation 1% of jobs will be lost due to AI every single year going forward. And I think"}, {"start": "00:04:22", "end": "00:04:28", "text": "that is reality is be careful. Be careful. All right."}, {"start": "00:04:28", "end": "00:04:34", "text": "What else? Uh, obviously there was some AI sell-off fears, but obviously"}, {"start": "00:04:34", "end": "00:04:41", "text": "headlines like this makes you rethink that. I mean, Chad, GBT, Grock, Claude,"}, {"start": "00:04:41", "end": "00:04:47", "text": "Gemini, whatever model that you're using is being used by hundreds of millions of"}, {"start": "00:04:47", "end": "00:04:53", "text": "people per day. And in order to operate,"}, {"start": "00:04:53", "end": "00:05:01", "text": "those providers need to have billions upon billions of billions of"}, {"start": "00:05:01", "end": "00:05:08", "text": "of infrastructure mostly comprised of Nvidia chips and backbone. So all this"}, {"start": "00:05:08", "end": "00:05:15", "text": "AI fear, the bubble or whatever, I think it's really nonsense. especially if you"}, {"start": "00:05:15", "end": "00:05:22", "text": "look at earnings and P ratios and all that stuff. It's nowhere close to.com bubble."}, {"start": "00:05:22", "end": "00:05:29", "text": "Anyways, uh Nvidia is gonna have their earnings tomorrow. So, it could really set the tone once again for tech and AI"}, {"start": "00:05:29", "end": "00:05:37", "text": "to bring everything back because they have been so oversold in the last few weeks. Same thing with Bitcoin and"}, {"start": "00:05:37", "end": "00:05:44", "text": "crypto. So maybe all this, you know,"}, {"start": "00:05:44", "end": "00:05:50", "text": "um, can come to an end. What I mean by that is the sell off and all the red and stuff like that. All right. Something"}, {"start": "00:05:50", "end": "00:05:58", "text": "else. Hey, we're getting we're getting uh"}, {"start": "00:05:58", "end": "00:06:04", "text": "data once again because the shutdown is over. So today"}, {"start": "00:06:04", "end": "00:06:10", "text": "we got this the US uh jobless claims. I don't know if this is measuring October"}, {"start": "00:06:10", "end": "00:06:16", "text": "or September because there are some there's some signs that or at least the"}, {"start": "00:06:16", "end": "00:06:23", "text": "White House said that we may never get like October reports. I don't know if this is December or October. Whatever it"}, {"start": "00:06:23", "end": "00:06:30", "text": "is, it came in worse than expected. Uh job's claim is supposed to be 223,000"}, {"start": "00:06:30", "end": "00:06:37", "text": "per week. It went up to 232,000. Obviously, that's not good. Less people have jobs,"}, {"start": "00:06:37", "end": "00:06:43", "text": "more people filing for unemployment. We'll get a bigger jobs report this Thursday."}, {"start": "00:06:43", "end": "00:06:49", "text": "But bad news like this is actually helping the case for a rate cut, which"}, {"start": "00:06:49", "end": "00:06:58", "text": "we should be getting in December, but somehow we fell below 50% and now we're above 50% once again. So, economic data"}, {"start": "00:06:58", "end": "00:07:05", "text": "once again sway markets because of the rate cuts"}, {"start": "00:07:05", "end": "00:07:12", "text": "that everyone wants, right? And we got a pretty big endorsement yesterday I covered last night. Uh Waller, a Fed"}, {"start": "00:07:12", "end": "00:07:19", "text": "Governor, Waller said that he believes we're going to do a rate cut no matter what or he wants to"}, {"start": "00:07:19", "end": "00:07:26", "text": "do a rate cut no matter what. Um because the job is to save jobs right now. Not"}, {"start": "00:07:26", "end": "00:07:34", "text": "to worry about inflation, but to save jobs. And obviously, uh our labor,"}, {"start": "00:07:34", "end": "00:07:39", "text": "I guess, department isn't isn't doing all that well right now, or"}, {"start": "00:07:39", "end": "00:07:46", "text": "labor force, I should say, not department. So, we'll see. We'll see. So, we got Nvidia earnings. We got a"}, {"start": "00:07:46", "end": "00:07:52", "text": "jobs report coming. These are all things to look forward to."}, {"start": "00:07:52", "end": "00:08:00", "text": "But outside of these, what else? Have we found a bottom, a cycle bottom?"}, {"start": "00:08:00", "end": "00:08:05", "text": "Okay, for Bitcoin and crypto, there are a lot of signs,"}, {"start": "00:08:05", "end": "00:08:13", "text": "a lot of signs that we have found a bottom and we may be flipping up"}, {"start": "00:08:13", "end": "00:08:19", "text": "soon. Okay, right now the average Bitcoin ETF investor is now underwater"}, {"start": "00:08:19", "end": "00:08:27", "text": "is ETF investor, right? So, a lot of people that put their money into ETFs"}, {"start": "00:08:27", "end": "00:08:32", "text": "are now underwater. That's that's not a good thing obviously,"}, {"start": "00:08:32", "end": "00:08:38", "text": "okay? Because Bitcoin fell below 90,000 and obviously the ETF sold off and the"}, {"start": "00:08:38", "end": "00:08:44", "text": "price of them went down. But whenever you see"}, {"start": "00:08:44", "end": "00:08:52", "text": "Bitcoin go down drastically over 30%,"}, {"start": "00:08:52", "end": "00:08:57", "text": "that's usually an indicator that we have found bottom and we're about to flip"}, {"start": "00:08:57", "end": "00:09:03", "text": "higher. This happened back in April when Bitcoin fell down 30 something%. It also"}, {"start": "00:09:03", "end": "00:09:10", "text": "happened last year when Bitcoin fell down about 30 something%."}, {"start": "00:09:10", "end": "00:09:18", "text": "And I'll show you something else too on the charts that's pretty telling. But whenever this tends to happen, at least"}, {"start": "00:09:18", "end": "00:09:25", "text": "this cycle, previous cycles we had bigger corrections, but with this cycle about the 30 to 32%"}, {"start": "00:09:25", "end": "00:09:32", "text": "has been our cycle like lows before we"}, {"start": "00:09:32", "end": "00:09:39", "text": "flip above. And that's what we saw yesterday, last night."}, {"start": "00:09:39", "end": "00:09:46", "text": "We're about 30%. So maybe there's 2% left, but still close enough. So while"}, {"start": "00:09:46", "end": "00:09:51", "text": "we're mirroring this like this previous fall and some of the some of the"}, {"start": "00:09:51", "end": "00:09:59", "text": "previous 30% drops, right, we see kind of the same indicators"}, {"start": "00:10:00", "end": "00:10:06", "text": "happen um or hit. for example, short-term holder supply and profit loss just like"}, {"start": "00:10:06", "end": "00:10:13", "text": "the ETF holders. Um, we see this go deep"}, {"start": "00:10:13", "end": "00:10:23", "text": "deep in the red. In fact, right now, short-term holder supply and profit or loss is the lowest ever"}, {"start": "00:10:23", "end": "00:10:29", "text": "in history going all the way back to when this started."}, {"start": "00:10:29", "end": "00:10:36", "text": "You generally don't ever see this unless we have a deep correction"}, {"start": "00:10:36", "end": "00:10:41", "text": "and fear level is high. People obviously"}, {"start": "00:10:41", "end": "00:10:46", "text": "sitting on losses, mass panic everywhere. Kind of like what we're"}, {"start": "00:10:46", "end": "00:10:53", "text": "seeing right now. People calling for the end and top and all that stuff, right? But every time, every time we hit one of"}, {"start": "00:10:53", "end": "00:10:59", "text": "these levels, right, where it's extremely red and"}, {"start": "00:10:59", "end": "00:11:06", "text": "people are at a loss or people are super fearful, that's when Bitcoin flips"}, {"start": "00:11:06", "end": "00:11:11", "text": "above. So, people are wondering, well, do we just miss the top? No, because"}, {"start": "00:11:11", "end": "00:11:17", "text": "we're in a territory that shows that we're at a bottom."}, {"start": "00:11:17", "end": "00:11:24", "text": "Not at top. Not at a euphoria blowoff top. We didn't have that"}, {"start": "00:11:25", "end": "00:11:30", "text": "deep, deep. This is the worst we've ever seen for Bitcoin."}, {"start": "00:11:30", "end": "00:11:36", "text": "This is short-term holder loss, though, not to be confused with long-term holder"}, {"start": "00:11:36", "end": "00:11:44", "text": "loss, which is zero. Basically, long-term holders. anyone that's been holding for"}, {"start": "00:11:44", "end": "00:11:50", "text": "I don't know few years few cycles deep deep in a green this is just short"}, {"start": "00:11:50", "end": "00:11:55", "text": "term okay keep in mind now"}, {"start": "00:11:56", "end": "00:12:04", "text": "guys like Tom Lee and in this interview also Bitwise CIO they say the same thing"}, {"start": "00:12:04", "end": "00:12:10", "text": "whenever you see these deep corrections fear levels super high indicators that"}, {"start": "00:12:10", "end": "00:12:17", "text": "show that people are losing. That's when a bottom is formed. So,"}, {"start": "00:12:17", "end": "00:12:22", "text": "let's listen to these guys. This is actually pretty good. Let me get my"}, {"start": "00:12:22", "end": "00:12:27", "text": "thing ready here. All right."}, {"start": "00:12:27", "end": "00:12:34", "text": "Are signs of exhaustion. I I did speak with Tom Demar of Demar Analytics and you know, he he thinks there are signs"}, {"start": "00:12:34", "end": "00:12:40", "text": "that would look like a bottom that could be occurring sometime this week. Hm. Matt, uh, do you do you agree with Tom"}, {"start": "00:12:40", "end": "00:12:46", "text": "here? I actually do exactly agree with Tom. I think we're nearing a bottom. I look at this as a great buying opportunity for"}, {"start": "00:12:46", "end": "00:12:52", "text": "long-term investors. You know, Bitcoin was the first thing to turn over before this broader market pullback. It was"}, {"start": "00:12:52", "end": "00:12:58", "text": "sort of the canary in the coal mine signaling that there was some risk in all sorts of risk on assets. I think"}, {"start": "00:12:58", "end": "00:13:05", "text": "it'll be the first thing to bottom and I agree with Tom. We're getting very close to that point. There are signs of exhaustion. You hear"}, {"start": "00:13:05", "end": "00:13:13", "text": "that from two industry pros Tom Lee is saying he's hearing"}, {"start": "00:13:13", "end": "00:13:19", "text": "that a lot of signals or indicators are pointing to a bottom this week and"}, {"start": "00:13:19", "end": "00:13:24", "text": "bitwise he makes a good point. Matt Hogan makes a good point saying that you"}, {"start": "00:13:24", "end": "00:13:30", "text": "know kind of crypto selloff started first before the broader tech AI"}, {"start": "00:13:30", "end": "00:13:37", "text": "brought off you know selloff start happening. Um, but that means Bitcoin and crypto will find a bottom first and"}, {"start": "00:13:37", "end": "00:13:42", "text": "reverse first before the broader market recovers. And that's true. That's true"}, {"start": "00:13:42", "end": "00:13:47", "text": "because crypto is 24/7. That's why."}, {"start": "00:13:48", "end": "00:13:53", "text": "But again, we have seen this before. It's not like we haven't seen this"}, {"start": "00:13:53", "end": "00:14:00", "text": "before. We have seen big deep corrections 30 plus percent time and"}, {"start": "00:14:00", "end": "00:14:08", "text": "time and time again. And whenever we have these things happen, that's when you get a good"}, {"start": "00:14:08", "end": "00:14:14", "text": "bounce, right? This goes all the way back to"}, {"start": "00:14:14", "end": "00:14:21", "text": "almost the beginning, but 2013, 2014, okay? And I don't know what he's"}, {"start": "00:14:21", "end": "00:14:26", "text": "actually what indicator he's showing, but as you can see, we have many moments"}, {"start": "00:14:26", "end": "00:14:35", "text": "where Bitcoin fell down, had these corrections,"}, {"start": "00:14:35", "end": "00:14:42", "text": "and every single time we bounce back up. It's never the end. It's never"}, {"start": "00:14:42", "end": "00:14:48", "text": "it's over for good. And you could see since this cycle has started, we have a"}, {"start": "00:14:48", "end": "00:14:57", "text": "lot of these smaller 20, 30% corrections. Even going back"}, {"start": "00:14:57", "end": "00:15:03", "text": "to 2023, 2024, 2025, we had seen a lot of these. The cycle is just very"}, {"start": "00:15:03", "end": "00:15:08", "text": "different. It's more consistent. You don't see the huge parabolic rises or"}, {"start": "00:15:08", "end": "00:15:14", "text": "dumps too that we've seen in the past with cycles."}, {"start": "00:15:14", "end": "00:15:21", "text": "So, if we're mimicking what has happened before, well, that means,"}, {"start": "00:15:22", "end": "00:15:27", "text": "we're going to flip back up. That's what it means. Uh, here's something else. Net"}, {"start": "00:15:27", "end": "00:15:34", "text": "realized profit loss again kind of went into that red territory."}, {"start": "00:15:34", "end": "00:15:43", "text": "And whenever we tend to do that, just like back in April and back in 2024 when"}, {"start": "00:15:43", "end": "00:15:50", "text": "we had those 30% corrections. Yes, both of those times we had 32% corrections."}, {"start": "00:15:50", "end": "00:15:58", "text": "We found a bottom and then we recovered. Just feels that way. It feels like this"}, {"start": "00:15:58", "end": "00:16:04", "text": "is what we're in right now. Also, a lot of people were mentioning"}, {"start": "00:16:04", "end": "00:16:12", "text": "this stupid CME gap. Well, we filled the 90,0001"}, {"start": "00:16:14", "end": "00:16:20", "text": "or what is that? 91 91 92,0001. Yeah. So, there's still a top one that"}, {"start": "00:16:20", "end": "00:16:28", "text": "we haven't filled, but we finally filled this and it's been since uh since April"}, {"start": "00:16:28", "end": "00:16:34", "text": "that we were pending, I got you know the CME gaps, sometimes"}, {"start": "00:16:34", "end": "00:16:39", "text": "they don't get filled, but in most cases they do somehow. So, we finally cleared"}, {"start": "00:16:39", "end": "00:16:46", "text": "that off the table. Now, we have a lot of gaps on the upside to fill."}, {"start": "00:16:47", "end": "00:16:54", "text": "So that's another thing that we could just remove off the table. But yeah, overall guys, I know there's a lot of"}, {"start": "00:16:54", "end": "00:17:01", "text": "fear, a lot of people that are just really bearish, but I also see a lot of people that are not. I also see a lot of"}, {"start": "00:17:01", "end": "00:17:07", "text": "people that are very encouraged and know that we will flip above, will recover,"}, {"start": "00:17:07", "end": "00:17:12", "text": "does not feel like we're entering crypto winter. So you know, I don't want to say"}, {"start": "00:17:12", "end": "00:17:18", "text": "everyone, there are a lot of you guys that have watched me for many, many years. So you understand and you have"}, {"start": "00:17:18", "end": "00:17:24", "text": "lived through many cycles, but some of you guys may be new and you"}, {"start": "00:17:24", "end": "00:17:29", "text": "you're not, you know, you haven't lived through it. You haven't experienced it. But this is one of those times where"}, {"start": "00:17:29", "end": "00:17:34", "text": "it's just like, yeah, there's too much fear. We have gone down quite a lot, but"}, {"start": "00:17:34", "end": "00:17:40", "text": "this feels like a bottom. It feels like what have we"}, {"start": "00:17:40", "end": "00:17:47", "text": "have gone through before, and it feels like we are going to turn. There's no way"}, {"start": "00:17:47", "end": "00:17:53", "text": "that we already had a top and we're going sliding into crypto winter right now. We didn't have a top. We didn't"}, {"start": "00:17:53", "end": "00:18:01", "text": "have a euphoria stage. We didn't have all these guys showing off their Lambos yet,"}, {"start": "00:18:01", "end": "00:18:07", "text": "right? So, this is one of those things. And Wall Street, we know"}, {"start": "00:18:07", "end": "00:18:12", "text": "sometimes is uh pretty finicky. Wall Street's kind of like retail"}, {"start": "00:18:12", "end": "00:18:18", "text": "sometimes. You know, everyone jumps on a bandwagon. Everyone follows their herd. So when one"}, {"start": "00:18:18", "end": "00:18:25", "text": "person or one fund starts selling off, everyone starts selling off. And then it goes in reverse the same way. When they"}, {"start": "00:18:25", "end": "00:18:32", "text": "start buying, FOMO hits, everyone starts jumping back in. It always seems to"}, {"start": "00:18:32", "end": "00:18:38", "text": "happen. So we'll see. We'll see if yesterday was"}, {"start": "00:18:38", "end": "00:18:44", "text": "bottom or later this week. Today could be bottom. We'll see which day. We won't"}, {"start": "00:18:44", "end": "00:18:50", "text": "really know until we really start flipping to the upside. Obviously, we got a few catalysts to look forward to,"}, {"start": "00:18:50", "end": "00:18:58", "text": "but overall the indicators, charts, gut feel, I feel like it's like right"}, {"start": "00:18:58", "end": "00:19:03", "text": "around the corner. Also, we have a ton of ETFs coming out,"}, {"start": "00:19:03", "end": "00:19:09", "text": "which could be the reason why Soul is doing a little bit better than most today. Soul already has their Bitwise. I"}, {"start": "00:19:09", "end": "00:19:15", "text": "can't show you the ETFs because actually uh the ETF site is down because of Cloudfare"}, {"start": "00:19:15", "end": "00:19:20", "text": "but uh you know we already have Bitwise and also Grayscale"}, {"start": "00:19:20", "end": "00:19:28", "text": "Soul ETF Fidelity and Van Ike is also or Van is uh listing theirs. So we're we're"}, {"start": "00:19:28", "end": "00:19:39", "text": "talking about major major players getting involved with Soul ETF. So absolutely fantastic. And also,"}, {"start": "00:19:39", "end": "00:19:46", "text": "it looks like Doge's uh Grayscale's Doge ETF may be coming out on Monday. So, for"}, {"start": "00:19:46", "end": "00:19:55", "text": "those of you guys that want to invest in a in a meme ETF, you'll be able to do so."}, {"start": "00:19:59", "end": "00:20:06", "text": "Yeah, that's pretty much it. Let's see. Still kind of red today."}, {"start": "00:20:06", "end": "00:20:13", "text": "Micro Strategy making a big comeback plus 3.4% almost 4%."}, {"start": "00:20:13", "end": "00:20:19", "text": "Coinbase up. AMD selling off. Nvidia still selling off. Why are people"}, {"start": "00:20:19", "end": "00:20:24", "text": "selling off Nvidia before the earnings?"}, {"start": "00:20:26", "end": "00:20:32", "text": "Uh yeah, and Soul still doing well. Plus 6% today."}, {"start": "00:20:32", "end": "00:20:39", "text": "Well is relative, I know, but still we'll take it. almost back to 140 and Bitcoin is still hovering around 916."}, {"start": "00:20:39", "end": "00:20:44", "text": "All right, let's do some Q&A."}, {"start": "00:21:21", "end": "00:21:26", "text": "Too much negativity right now. Too much."}, {"start": "00:21:28", "end": "00:21:33", "text": "And I I get it though. You know, like previous times it it did seem like"}, {"start": "00:21:33", "end": "00:21:39", "text": "whenever we did fall that 30%. right? Like back in April and back in 2024, it"}, {"start": "00:21:39", "end": "00:21:44", "text": "did seem like we had more like relief rallies, which I don't know. It could be"}, {"start": "00:21:44", "end": "00:21:51", "text": "just bad memory. I don't know. It just felt like we had more of that before. So, it gave us, you know, a little"}, {"start": "00:21:51", "end": "00:21:58", "text": "little break sort of. Just seems like right now we didn't have any. We just kind of slid down and down and down,"}, {"start": "00:21:58", "end": "00:22:04", "text": "right? We haven't had any relief rallies, but that's okay. Relief rallies are usually fake anyways. They're fake"}, {"start": "00:22:04", "end": "00:22:11", "text": "out rallies. We don't want that. We want true turnarounds. And I feel like we're just like right around there."}, {"start": "00:22:11", "end": "00:22:18", "text": "We're right around there. And the powers that be, whoever may be doing this,"}, {"start": "00:22:18", "end": "00:22:23", "text": "suppressing, it's pretty obvious they're doing it on Bitcoin. Like last night,"}, {"start": "00:22:23", "end": "00:22:29", "text": "you could tell and even today you could see a lot of the alts"}, {"start": "00:22:29", "end": "00:22:35", "text": "started recovering a little bit, started to come back up while Bitcoin continued"}, {"start": "00:22:35", "end": "00:22:40", "text": "to push down. It seems like whoever"}, {"start": "00:22:40", "end": "00:22:46", "text": "maybe the some of the the big wallets or big whales or exchanges,"}, {"start": "00:22:46", "end": "00:22:52", "text": "they were trying to push Bitcoin lower and lower and lower, but seller"}, {"start": "00:22:52", "end": "00:22:58", "text": "exhaustion seems to have hit. That's why retail started buying alts and they kind"}, {"start": "00:22:58", "end": "00:23:05", "text": "of formed a bottom last night before even Bitcoin did and started recovering. Whenever you see that happen, that that"}, {"start": "00:23:05", "end": "00:23:12", "text": "normally doesn't happen. It normally never happens like that. Whenever you see that, I feel like that's also coming"}, {"start": "00:23:12", "end": "00:23:18", "text": "shows that a bottom is near or is already here is that there's just"}, {"start": "00:23:18", "end": "00:23:24", "text": "too much exhaustion with selling and people had enough. People are actually buying now and they're countering the"}, {"start": "00:23:24", "end": "00:23:27", "text": "selling."}, {"start": "00:23:35", "end": "00:23:43", "text": "Uh, duck 40. Duck for OV obvious. I don't know how to"}, {"start": "00:23:43", "end": "00:23:48", "text": "say your name. Some kind of I'll just call you Duck. Hi, George. I cash 25% of"}, {"start": "00:23:48", "end": "00:23:53", "text": "my overall portfolio. A major also."}, {"start": "00:23:58", "end": "00:24:04", "text": "If you've been in the game for seven years, you're doing just fine. Take a little off the table, okay? just to be"}, {"start": "00:24:04", "end": "00:24:11", "text": "sure. Perfectly fine. Perfectly fine. Now, if you told me you sold like 90% of"}, {"start": "00:24:11", "end": "00:24:16", "text": "your portfolio, that's that's very drastic, right? That's a different story."}, {"start": "00:24:16", "end": "00:24:24", "text": "But yeah, you should always have some dry powder. I've always said that 20 25 30%"}, {"start": "00:24:24", "end": "00:24:32", "text": "in dry powder so that you can DCA or you can buy the bottom, buy the dips."}, {"start": "00:24:39", "end": "00:24:46", "text": "Why not shorting as a hedge? You could. I think some people have done that. But"}, {"start": "00:24:46", "end": "00:24:52", "text": "you got to be careful because you know what? Whenever I show these liquidations, it's never just one side."}, {"start": "00:24:52", "end": "00:25:00", "text": "It's always both. Okay? We get these scam wicks all the time and sometimes we get these like"}, {"start": "00:25:00", "end": "00:25:05", "text": "fake outs all the time. Uh, and the purpose of them is to, you know,"}, {"start": "00:25:05", "end": "00:25:10", "text": "liquidate people. So, you still got to be careful,"}, {"start": "00:25:16", "end": "00:25:21", "text": "shady crypto whiz, I can't speak for others,"}, {"start": "00:25:21", "end": "00:25:27", "text": "okay? And just because you think you think we're heading into a bare market"}, {"start": "00:25:27", "end": "00:25:33", "text": "doesn't make it reality. And just because I maintain a bullish stance does"}, {"start": "00:25:33", "end": "00:25:40", "text": "not mean I'm wrong because I've been in this space since 2013 and I've seen a lot of cycles and fake outs and"}, {"start": "00:25:40", "end": "00:25:48", "text": "corrections. So don't use your negativity"}, {"start": "00:25:48", "end": "00:25:55", "text": "or your misery and try to make others"}, {"start": "00:25:55", "end": "00:26:00", "text": "as miserable as yourself just because you're fearful. Okay. Doesn't mean that"}, {"start": "00:26:00", "end": "00:26:09", "text": "others are wrong. So just think about that."}, {"start": "00:26:27", "end": "00:26:34", "text": "Look at this. Anti- poopcoin scammers. You're a perma clown. You wreck your audience. Three cycle back. Bare trend"}, {"start": "00:26:34", "end": "00:26:41", "text": "bull market. You're always wrong. Yet three cycles ago, how low were we?"}, {"start": "00:26:41", "end": "00:26:47", "text": "$3,000. And where are we? $91,000."}, {"start": "00:26:47", "end": "00:26:56", "text": "I wrecked my audience. I helped my audience stay in the game and made a lot more money than you ever did."}, {"start": "00:26:56", "end": "00:27:04", "text": "And based on your username, you're a total clown. You're a total loser. You"}, {"start": "00:27:04", "end": "00:27:09", "text": "have never made any money in your life. And you're sitting your probably your parents' basement or your grandparents"}, {"start": "00:27:09", "end": "00:27:15", "text": "basement. So, you're not the one"}, {"start": "00:27:15", "end": "00:27:20", "text": "to be coming in here on your high horse saying that, \"Oh, you're wrong.\" Because"}, {"start": "00:27:20", "end": "00:27:24", "text": "you're a total [ __ ] loser."}, {"start": "00:27:26", "end": "00:27:33", "text": "See, this this is this is what's funny about these guys that are so miserable or or have never made any money. They"}, {"start": "00:27:33", "end": "00:27:39", "text": "come in here and they try to say, \"Oh, you've always been wrong. Look at a few cycles ago."}, {"start": "00:27:39", "end": "00:27:47", "text": "Where are we now versus a few cycles ago? Were Were we at 91,000 two cycles ago? Were"}, {"start": "00:27:47", "end": "00:27:54", "text": "we at 91,000 even last cycle ago? Like these guys are total losers."}, {"start": "00:27:54", "end": "00:28:00", "text": "They're trying to make it seem like, oh yeah, I I held from top to bottom. So where are we right now? Are we at like"}, {"start": "00:28:00", "end": "00:28:07", "text": "$10,000? Are we at like $5,000? No, we're not. We're significantly"}, {"start": "00:28:07", "end": "00:28:13", "text": "higher than previous cycles. So what the [ __ ] are you talking about?"}, {"start": "00:28:16", "end": "00:28:23", "text": "Some of these guys are just total losers. I hate I try to maintain, you know,"}, {"start": "00:28:23", "end": "00:28:28", "text": "bullish stance, but these guys, man."}, {"start": "00:28:41", "end": "00:28:48", "text": "Anyways, didn't mean to go off the rails there, but a couple of these guys."}, {"start": "00:28:57", "end": "00:29:04", "text": "Hey, all I do is try to stay level-headed, try to see"}, {"start": "00:29:04", "end": "00:29:11", "text": "the bigger picture, put it all together for you guys, and I maintain my bullish stance because that's what I believe in."}, {"start": "00:29:11", "end": "00:29:19", "text": "Okay? Short term, no one can predict. You could be the greatest charter on earth, the greatest TA guy on earth, and"}, {"start": "00:29:19", "end": "00:29:27", "text": "things could still reverse no matter what. Shortterm, no one really knows. Okay? The long term"}, {"start": "00:29:27", "end": "00:29:34", "text": "the long-term thesis on Bitcoin and crypto is correct and that is we are going"}, {"start": "00:29:34", "end": "00:29:43", "text": "higher because it's the new wave, new way of tech, new way of doing"}, {"start": "00:29:43", "end": "00:29:48", "text": "business and we have the greatest single asset"}, {"start": "00:29:48", "end": "00:29:55", "text": "class ever created leading the way. These are things that you can't ignore."}, {"start": "00:29:55", "end": "00:30:01", "text": "and the fundamentals of everything have been getting better which I've been covering every single day."}, {"start": "00:30:01", "end": "00:30:08", "text": "Right? So shortterm, okay, we don't know. It could go lower. It"}, {"start": "00:30:08", "end": "00:30:14", "text": "could go higher week to week, dayto day. All the famous investors on Wall Street will tell you the same thing. I can't"}, {"start": "00:30:14", "end": "00:30:19", "text": "tell you where something's going to be next day, next next week even. But"}, {"start": "00:30:19", "end": "00:30:25", "text": "long-term investors are the ones that win and they win the most. And if you"}, {"start": "00:30:25", "end": "00:30:31", "text": "believe in what you're holding, you understand it, then there's no fear. You set a schedule, you set a plan for"}, {"start": "00:30:31", "end": "00:30:37", "text": "yourself and you stick with it. But what I do is try to keep people focused. You"}, {"start": "00:30:37", "end": "00:30:42", "text": "know, that's why people like to come to me during dark times. They want to hear"}, {"start": "00:30:42", "end": "00:30:48", "text": "someone that will reassure them. That's what I do. But because I believe"}, {"start": "00:30:48", "end": "00:30:53", "text": "in it, I may get"}, {"start": "00:30:53", "end": "00:30:58", "text": "I may get emotional at times, maybe a little stressful,"}, {"start": "00:30:58", "end": "00:31:04", "text": "right? But I never doubt in my mind never doubt the fact that Bitcoin is"}, {"start": "00:31:04", "end": "00:31:10", "text": "going to recover. It's going to make a new high that we haven't formed a top"}, {"start": "00:31:10", "end": "00:31:16", "text": "this cycle. These are things that I'm not like faking where other people have"}, {"start": "00:31:16", "end": "00:31:23", "text": "other creators have along the way. That's why they turn super bearish like"}, {"start": "00:31:23", "end": "00:31:31", "text": "like a 180 right away because they never truly believe. But I've been through this long enough so I know."}, {"start": "00:31:39", "end": "00:31:44", "text": "What do you think about Algorand? I haven't heard a lot about Algorand"}, {"start": "00:31:44", "end": "00:31:52", "text": "recently, so can't really say. I mean, they they were"}, {"start": "00:31:52", "end": "00:31:58", "text": "hyped up earlier this year. Americanbased."}, {"start": "00:31:58", "end": "00:32:03", "text": "They're major L1. I I know Charles Hoskinson said really good things about"}, {"start": "00:32:03", "end": "00:32:11", "text": "them, but I haven't heard much about them since then. And I don't even know if they're getting a ETF."}, {"start": "00:32:20", "end": "00:32:26", "text": "Yeah. So bottom line is"}, {"start": "00:32:26", "end": "00:32:32", "text": "stay strong people. And I'm trying very hard working on Clash and making it the"}, {"start": "00:32:32", "end": "00:32:38", "text": "greatest project there is. Right now, it's hard to deal with the"}, {"start": "00:32:38", "end": "00:32:43", "text": "the sellers. Obviously, there's too many people that are panic dumping and we"}, {"start": "00:32:43", "end": "00:32:49", "text": "have some whales that panic sold Clash even though they still believe in it. They tell me they believe in it, but"}, {"start": "00:32:49", "end": "00:32:57", "text": "they like panic sell. It doesn't matter. They're all going to regret it because I'm working on Clash Picks, our"}, {"start": "00:32:57", "end": "00:33:04", "text": "prediction market platform that should be done soon and it's gonna be a game changer. It's going to be a game changer"}, {"start": "00:33:04", "end": "00:33:09", "text": "for everyone. For Clash holders, for people that are even not Clash holders,"}, {"start": "00:33:09", "end": "00:33:16", "text": "you could free to play. There'll still be prizes, but it's going to be huge. So, I'm really"}, {"start": "00:33:16", "end": "00:33:21", "text": "looking forward to that. Working really hard to get that going as well as grow"}, {"start": "00:33:21", "end": "00:33:27", "text": "our tournaments to, you know, as well, which is big thing. So,"}, {"start": "00:33:27", "end": "00:33:33", "text": "trying very hard to stay positive for you guys, right? and"}, {"start": "00:33:33", "end": "00:33:38", "text": "push clash forward."}, {"start": "00:34:10", "end": "00:34:16", "text": "uh started buy again yesterday was going to dumb mo most no most I know are"}, {"start": "00:34:16", "end": "00:34:26", "text": "increasing positions today I mean it's the thing you know yesterday we're so close to 80 87,000 right but 87,000 89"}, {"start": "00:34:26", "end": "00:34:33", "text": "89,000. What you're talking about just a few thousand. So even we're a few thousand off. Even"}, {"start": "00:34:33", "end": "00:34:39", "text": "if it goes to 87,000 now, it's not that big of a difference anymore, right? No"}, {"start": "00:34:39", "end": "00:34:46", "text": "one could time bottom exactly. People can say this is where they think it is"}, {"start": "00:34:46", "end": "00:34:51", "text": "or you know this is the range it may go or whatever but no one truly knows the"}, {"start": "00:34:51", "end": "00:34:57", "text": "bottom until we have obviously broke above and then we could look back"}, {"start": "00:34:57", "end": "00:35:04", "text": "and say okay that was the bottom right but no one could know true bottom at that exact point in time because you can"}, {"start": "00:35:04", "end": "00:35:10", "text": "never have a true confirmation until afterwards. So maybe yesterday was bottom or maybe"}, {"start": "00:35:10", "end": "00:35:17", "text": "today is going to be bottom or tomorrow's bottom, right? But I showed you guys the experts"}, {"start": "00:35:17", "end": "00:35:26", "text": "outside of me, I guess. Tom Lee and uh Bitwise CIO Matt Hogan"}, {"start": "00:35:26", "end": "00:35:32", "text": "both think that a bottom is coming this week and Bitcoin's bottom"}, {"start": "00:35:32", "end": "00:35:37", "text": "will actually be a precursor to the"}, {"start": "00:35:37", "end": "00:35:41", "text": "the market bottom."}, {"start": "00:35:45", "end": "00:35:52", "text": "Man, I can't believe so many people still love WWE."}, {"start": "00:35:52", "end": "00:36:00", "text": "Look at that. Look at that trending headline. John Cena wins final Raw match in emotional Madison Madison Square"}, {"start": "00:36:00", "end": "00:36:06", "text": "Garden. Farewell. I think he has back problems. So, he can't basically he can't wrestle anymore. But I can't"}, {"start": "00:36:06", "end": "00:36:12", "text": "believe that WWE is still such a big thing."}, {"start": "00:36:15", "end": "00:36:23", "text": "I know like in college people are like going all crazy for it, but it seems like grown men are still watching WWE"}, {"start": "00:36:23", "end": "00:36:26", "text": "these days."}, {"start": "00:36:29", "end": "00:36:35", "text": "Yeah, I know it's tough to be a wrestler. I"}, {"start": "00:36:35", "end": "00:36:41", "text": "know even if it's even if it's scripted, it's tough what they do. I'm not trying to discount that. They're all in"}, {"start": "00:36:41", "end": "00:36:46", "text": "fantastic shape and super fit and muscular and they they they deal with a"}, {"start": "00:36:46", "end": "00:36:52", "text": "lot of pain. But I'm just saying it's like it's scripted though, so you kind of know. Of course, John Cena is not"}, {"start": "00:36:52", "end": "00:36:58", "text": "going to lose his final Raw match. They're not going to script it where he"}, {"start": "00:36:58", "end": "00:37:04", "text": "he goes out on a sour note. Of course, he's going to win."}, {"start": "00:37:09", "end": "00:37:15", "text": "It's like watching Marvel fil Marvel movies, i.e. Hulk. I guess it is. Yeah,"}, {"start": "00:37:15", "end": "00:37:21", "text": "I guess I'm I'm uh I'm in that same boat. I never grew up with comic books,"}, {"start": "00:37:21", "end": "00:37:27", "text": "so I never like really flipped through all the old comics. But I do enjoy"}, {"start": "00:37:27", "end": "00:37:32", "text": "watching comic book movies, though."}, {"start": "00:37:33", "end": "00:37:38", "text": "So, I guess it's the same thing. I don't know. I don't know if it's the same thing, but everyone has their thing, I"}, {"start": "00:37:38", "end": "00:37:41", "text": "guess."}, {"start": "00:38:25", "end": "00:38:33", "text": "How do we even bounce when retail isn't even in? Well, retail hasn't been leading this market. So,"}, {"start": "00:38:33", "end": "00:38:41", "text": "they're they're not the ones that are going to lead this bounce. It's going to be the big institutions and and Wall"}, {"start": "00:38:41", "end": "00:38:45", "text": "Street, basically."}, {"start": "00:38:47", "end": "00:38:53", "text": "And then once they turn the market around, guess what? Retail will FOMO in"}, {"start": "00:38:53", "end": "00:38:58", "text": "it. That's usually how it works. Actually, I take that back. So that that's not usually how it works. This"}, {"start": "00:38:58", "end": "00:39:04", "text": "cycle that's how it worked. Uh previous cycles that didn't that wasn't the case."}, {"start": "00:39:04", "end": "00:39:09", "text": "Previous cycles were all retail and whales. Now it's retail, whales,"}, {"start": "00:39:09", "end": "00:39:15", "text": "public companies, Wall Street institutions. So,"}, {"start": "00:39:15", "end": "00:39:24", "text": "it's different. Look it. We're having a little little"}, {"start": "00:39:24", "end": "00:39:30", "text": "little push up. Soul's almost back to 140."}, {"start": "00:39:34", "end": "00:39:40", "text": "Uh, did you see the report that the SEC completely dropped crypto from its 2026 priorities? I did see that. I didn't"}, {"start": "00:39:40", "end": "00:39:45", "text": "show it because I don't think many people care about it. But yeah, basically shows SEC is not really"}, {"start": "00:39:45", "end": "00:39:51", "text": "prioritizing crypto, which is a good thing. Like it's not a major thing they"}, {"start": "00:39:51", "end": "00:39:59", "text": "want to go after. Even though I'm sure they'll still look at bad actors, but like not a priority for them to to go"}, {"start": "00:39:59", "end": "00:40:03", "text": "after, which is good."}, {"start": "00:40:41", "end": "00:40:50", "text": "Um, have I written any books? You know, this is funny. This is really funny story."}, {"start": "00:40:50", "end": "00:40:55", "text": "I think uh in my in my 20s"}, {"start": "00:40:55", "end": "00:41:02", "text": "because I was really into Starcraft and I love watching Starcraft. I was trying to write a Starcraft book"}, {"start": "00:41:02", "end": "00:41:10", "text": "like a fictional book about Starcraft and then uh I never finished it."}, {"start": "00:41:10", "end": "00:41:16", "text": "I think I still have it. I wrote like probably like 20 chapters of it. Uh"}, {"start": "00:41:16", "end": "00:41:23", "text": "probably with chat GBT now I could finish it pretty easily but back in the day man I spent a lot of time on it but"}, {"start": "00:41:23", "end": "00:41:30", "text": "I never finished it. I didn't know how to I didn't know how to finish the story."}, {"start": "00:41:39", "end": "00:41:46", "text": "Yeah. A lot of people may not be aware that"}, {"start": "00:41:47", "end": "00:41:52", "text": "oh look at this entropic entropic"}, {"start": "00:41:52", "end": "00:42:00", "text": "to buy $30 billion in Azure capacity in a new deal with Microsoft Nvidia."}, {"start": "00:42:03", "end": "00:42:07", "text": "That's pretty big. Pretty big."}, {"start": "00:42:39", "end": "00:42:46", "text": "Yeah, I I think I got I lost track of uh what I was going to say, but Cloudflare is down. That's why a lot of sites are"}, {"start": "00:42:46", "end": "00:42:50", "text": "down right now."}, {"start": "00:42:59", "end": "00:43:06", "text": "All right, guys. That's pretty much it. You know what?"}, {"start": "00:43:06", "end": "00:43:12", "text": "The market feels like market feels like it's found a bottom or"}, {"start": "00:43:12", "end": "00:43:18", "text": "is nearing a bottom. And Tom Lee and Matt Hogan also feels like that too or"}, {"start": "00:43:18", "end": "00:43:24", "text": "sad they they feel like that. Um,"}, {"start": "00:43:25", "end": "00:43:31", "text": "so anyways, ignore the haters, ignore the trolls, ignore the people that are"}, {"start": "00:43:31", "end": "00:43:36", "text": "miserable because they're losers and sitting in their mom's basement. Okay?"}, {"start": "00:43:36", "end": "00:43:43", "text": "Stick the course, trust your gut, trust the charts, trust the fundamentals,"}, {"start": "00:43:43", "end": "00:43:49", "text": "okay? We are going to recover. This is not the end."}, {"start": "00:43:49", "end": "00:43:57", "text": "So stay strong, my friends. Smash a like, subscribe to the channel. I'll see you guys tonight and many of you guys in"}, {"start": "00:43:57", "end": "00:44:03", "text": "Discord. All right, have a good one. Take care."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Welcome back. So, today was another"}, {"start": "00:00:04", "end": "00:00:08", "text": "sell-off day and I know it feels like"}, {"start": "00:00:08", "end": "00:00:10", "text": "it's never going to turn around. It"}, {"start": "00:00:10", "end": "00:00:14", "text": "feels like it's all collapsing and"}, {"start": "00:00:14", "end": "00:00:18", "text": "things are only going to get worse."}, {"start": "00:00:18", "end": "00:00:20", "text": "Well, let me talk about it. Let me share"}, {"start": "00:00:20", "end": "00:00:22", "text": "with you guys what I'm thinking, what"}, {"start": "00:00:22", "end": "00:00:26", "text": "I'm seeing at this point in time. All"}, {"start": "00:00:26", "end": "00:00:28", "text": "right. So, this morning got faked out a"}, {"start": "00:00:28", "end": "00:00:31", "text": "little bit while I was streaming. We"}, {"start": "00:00:31", "end": "00:00:34", "text": "actually saw Bitcoin go up to about"}, {"start": "00:00:34", "end": "00:00:38", "text": "94,000 and then after I got done, this"}, {"start": "00:00:38", "end": "00:00:41", "text": "is what happened. And right now, we are"}, {"start": "00:00:41", "end": "00:00:44", "text": "hovering right uh right around 92,000, a"}, {"start": "00:00:44", "end": "00:00:46", "text": "little bit under. Okay. And the alts"}, {"start": "00:00:46", "end": "00:00:51", "text": "certainly did not do well today."}, {"start": "00:00:51", "end": "00:00:54", "text": "And just wasn't crypto."}, {"start": "00:00:54", "end": "00:00:58", "text": "Dow had a horrible sell-off today led by"}, {"start": "00:00:58", "end": "00:01:05", "text": "of course Nvidia tech AI everything."}, {"start": "00:01:05", "end": "00:01:08", "text": "Remember I talked about this rotation"}, {"start": "00:01:08", "end": "00:01:11", "text": "from risk on assets to risk risk off"}, {"start": "00:01:11", "end": "00:01:15", "text": "assets and that continued today. Wall"}, {"start": "00:01:15", "end": "00:01:19", "text": "Street is just very very fearful about"}, {"start": "00:01:19", "end": "00:01:21", "text": "what's to come."}, {"start": "00:01:21", "end": "00:01:24", "text": "Right? It's almost like"}, {"start": "00:01:24", "end": "00:01:26", "text": "it's almost like a self-fulfilling"}, {"start": "00:01:26", "end": "00:01:28", "text": "prophecy. A lot of people think that"}, {"start": "00:01:28", "end": "00:01:31", "text": "Bitcoin's going to fall to 90 or I'm"}, {"start": "00:01:31", "end": "00:01:33", "text": "sorry 874."}, {"start": "00:01:33", "end": "00:01:35", "text": "Basically, everyone's calling it because"}, {"start": "00:01:35", "end": "00:01:38", "text": "it's it was a previous support, previous"}, {"start": "00:01:38", "end": "00:01:40", "text": "resistance. And it's almost like no one"}, {"start": "00:01:40", "end": "00:01:42", "text": "wants to buy until we hit that magical"}, {"start": "00:01:42", "end": "00:01:44", "text": "mark,"}, {"start": "00:01:44", "end": "00:01:46", "text": "right? It's almost becoming a"}, {"start": "00:01:46", "end": "00:01:48", "text": "self-fulfilling prophecy. But you know"}, {"start": "00:01:48", "end": "00:01:51", "text": "what? Whenever the herd or everyone"}, {"start": "00:01:51", "end": "00:01:55", "text": "thinks it's over,"}, {"start": "00:01:55", "end": "00:01:57", "text": "the run is over, the top is in, and we"}, {"start": "00:01:57", "end": "00:02:00", "text": "are falling lower, that's usually when"}, {"start": "00:02:00", "end": "00:02:02", "text": "we get a spark and turn around. It"}, {"start": "00:02:02", "end": "00:02:06", "text": "always happens. Today we actually got"}, {"start": "00:02:06", "end": "00:02:08", "text": "pretty good news from one of the Fed"}, {"start": "00:02:08", "end": "00:02:10", "text": "governors that believes that no matter"}, {"start": "00:02:10", "end": "00:02:13", "text": "what we get this week in terms of"}, {"start": "00:02:13", "end": "00:02:17", "text": "economic data that he will be supporting"}, {"start": "00:02:17", "end": "00:02:19", "text": "another rate cut. Okay. And the reason"}, {"start": "00:02:19", "end": "00:02:22", "text": "being the labor market is weakening. The"}, {"start": "00:02:22", "end": "00:02:26", "text": "overall economy is weakening weakening."}, {"start": "00:02:26", "end": "00:02:28", "text": "Even if inflation shows it's ticking"}, {"start": "00:02:28", "end": "00:02:30", "text": "upwards, he believes it's not going to"}, {"start": "00:02:30", "end": "00:02:33", "text": "change his mind. And you know, Moran's"}, {"start": "00:02:33", "end": "00:02:35", "text": "going to agree. I don't know about Pal,"}, {"start": "00:02:35", "end": "00:02:37", "text": "but basically Pal have said before he"}, {"start": "00:02:37", "end": "00:02:40", "text": "wants to save jobs. He's going to"}, {"start": "00:02:40", "end": "00:02:43", "text": "prioritize that over inflation at this"}, {"start": "00:02:43", "end": "00:02:47", "text": "point. And we have gotten a few bits of"}, {"start": "00:02:47", "end": "00:02:51", "text": "information that shows just that, that"}, {"start": "00:02:51", "end": "00:02:52", "text": "markets"}, {"start": "00:02:52", "end": "00:02:54", "text": "overall"}, {"start": "00:02:54", "end": "00:02:57", "text": "are weak."}, {"start": "00:02:57", "end": "00:03:00", "text": "So, right now it's predicted that we"}, {"start": "00:03:00", "end": "00:03:04", "text": "have only a 43% chance for a rate cut in"}, {"start": "00:03:04", "end": "00:03:06", "text": "December,"}, {"start": "00:03:06", "end": "00:03:08", "text": "but I have a feeling that is going to go"}, {"start": "00:03:08", "end": "00:03:12", "text": "higher. We started at 90 something% down"}, {"start": "00:03:12", "end": "00:03:14", "text": "below 50%."}, {"start": "00:03:14", "end": "00:03:17", "text": "But I think this was encouraging."}, {"start": "00:03:17", "end": "00:03:20", "text": "And we got other pieces of news coming"}, {"start": "00:03:20", "end": "00:03:24", "text": "out later this week. Okay. Including"}, {"start": "00:03:24", "end": "00:03:26", "text": "that big jobs report on Thursday. We got"}, {"start": "00:03:26", "end": "00:03:28", "text": "PMI, we got other things coming out"}, {"start": "00:03:28", "end": "00:03:31", "text": "Thursday, Friday."}, {"start": "00:03:31", "end": "00:03:32", "text": "However,"}, {"start": "00:03:32", "end": "00:03:35", "text": "we also have the FOMC meeting coming up"}, {"start": "00:03:35", "end": "00:03:38", "text": "and Nvidia earnings. Okay, I think all"}, {"start": "00:03:38", "end": "00:03:41", "text": "these could be good good meaning for"}, {"start": "00:03:41", "end": "00:03:43", "text": "markets. The jobs report will probably"}, {"start": "00:03:43", "end": "00:03:45", "text": "show"}, {"start": "00:03:45", "end": "00:03:47", "text": "we did not have a good time in"}, {"start": "00:03:47", "end": "00:03:49", "text": "September. I don't know if they're going"}, {"start": "00:03:49", "end": "00:03:52", "text": "cover what what's in October, but I"}, {"start": "00:03:52", "end": "00:03:54", "text": "can't imagine jobs are going to be great"}, {"start": "00:03:54", "end": "00:03:56", "text": "right now. Same deal in manufacturing"}, {"start": "00:03:56", "end": "00:04:00", "text": "and consumer sentiment. I bet they're"}, {"start": "00:04:00", "end": "00:04:04", "text": "gonna be bad, which is good for our rate"}, {"start": "00:04:04", "end": "00:04:07", "text": "cut in December. Also, tech has been"}, {"start": "00:04:07", "end": "00:04:09", "text": "selling off. There's somehow this tech"}, {"start": "00:04:09", "end": "00:04:13", "text": "bubble fear. Really?"}, {"start": "00:04:13", "end": "00:04:15", "text": "Let's see. Let's see what happens when"}, {"start": "00:04:15", "end": "00:04:19", "text": "Nvidia reports on Wednesday. I expect"}, {"start": "00:04:19", "end": "00:04:23", "text": "spectacular earnings just like just like"}, {"start": "00:04:23", "end": "00:04:25", "text": "all the other quarterly reports, but we"}, {"start": "00:04:25", "end": "00:04:29", "text": "will see. We will see. Right. So, right"}, {"start": "00:04:29", "end": "00:04:32", "text": "now it does seem like it's all doom and"}, {"start": "00:04:32", "end": "00:04:35", "text": "gloom, like I said, but that doesn't"}, {"start": "00:04:35", "end": "00:04:38", "text": "mean things are over. Right now, it's"}, {"start": "00:04:38", "end": "00:04:43", "text": "popular to be bearish. You just go on X."}, {"start": "00:04:43", "end": "00:04:45", "text": "Go look at how bearish most people are."}, {"start": "00:04:45", "end": "00:04:48", "text": "It's popular to be bearish right now."}, {"start": "00:04:48", "end": "00:04:52", "text": "It's unpopular to actually be bullish,"}, {"start": "00:04:52", "end": "00:04:54", "text": "right? But the market moves in"}, {"start": "00:04:54", "end": "00:04:56", "text": "mysterious ways. Sometimes whenever you"}, {"start": "00:04:56", "end": "00:04:59", "text": "see a lot of people think one way. If"}, {"start": "00:04:59", "end": "00:05:02", "text": "the herd is going one way,"}, {"start": "00:05:02", "end": "00:05:05", "text": "that's usually when it means it's about"}, {"start": "00:05:05", "end": "00:05:07", "text": "to turn around. Obviously, a lot of"}, {"start": "00:05:07", "end": "00:05:10", "text": "charts showing for example, we have"}, {"start": "00:05:10", "end": "00:05:13", "text": "formed the death cross. Okay, we have a"}, {"start": "00:05:13", "end": "00:05:15", "text": "lot of metrics and signals also showing"}, {"start": "00:05:15", "end": "00:05:18", "text": "we are oversold. We should be seeing a"}, {"start": "00:05:18", "end": "00:05:21", "text": "squeeze with the Ballinger band. NVRV"}, {"start": "00:05:21", "end": "00:05:23", "text": "doesn't show we're anywhere close to the"}, {"start": "00:05:23", "end": "00:05:27", "text": "top. We got a lot of things to show"}, {"start": "00:05:27", "end": "00:05:30", "text": "that says we have not formed a top. We"}, {"start": "00:05:30", "end": "00:05:35", "text": "didn't have the euphoria phase."}, {"start": "00:05:35", "end": "00:05:38", "text": "The fundamentals are still great. So, I"}, {"start": "00:05:38", "end": "00:05:41", "text": "do not believe it's over. We may be"}, {"start": "00:05:41", "end": "00:05:47", "text": "down, but we ain't out. We're not"}, {"start": "00:05:49", "end": "00:05:53", "text": "So stay strong, my friends. And tomorrow"}, {"start": "00:05:53", "end": "00:05:57", "text": "we're going to get more ETFs. We have"}, {"start": "00:05:57", "end": "00:06:00", "text": "one or two ETFs for Soul right now, but"}, {"start": "00:06:00", "end": "00:06:02", "text": "we're going to get a lot more. Fidel is"}, {"start": "00:06:02", "end": "00:06:04", "text": "going to come out their soul ETF, and"}, {"start": "00:06:04", "end": "00:06:05", "text": "then Van Ike is going to come out their"}, {"start": "00:06:05", "end": "00:06:08", "text": "ETF for Soul. And then you're going to"}, {"start": "00:06:08", "end": "00:06:10", "text": "have"}, {"start": "00:06:10", "end": "00:06:12", "text": "uh this one from Canary Funds and you're"}, {"start": "00:06:12", "end": "00:06:14", "text": "going to get another one, Franklin"}, {"start": "00:06:14", "end": "00:06:18", "text": "Templeton's XRP ETF coming out. Not"}, {"start": "00:06:18", "end": "00:06:19", "text": "these are not coming out the greatest"}, {"start": "00:06:19", "end": "00:06:23", "text": "time, but the Salana ETF so far has been"}, {"start": "00:06:23", "end": "00:06:27", "text": "pretty positive every single day. I"}, {"start": "00:06:27", "end": "00:06:31", "text": "haven't seen XRPS yet, but Canar's XRP"}, {"start": "00:06:31", "end": "00:06:33", "text": "debuted pretty good and it could"}, {"start": "00:06:33", "end": "00:06:37", "text": "continue forward."}, {"start": "00:06:37", "end": "00:06:41", "text": "So despite all the negativity, all the"}, {"start": "00:06:41", "end": "00:06:44", "text": "fear, the FUD out there, I know some of"}, {"start": "00:06:44", "end": "00:06:46", "text": "you guys are watching this is staying"}, {"start": "00:06:46", "end": "00:06:49", "text": "hopeful, understanding that we have been"}, {"start": "00:06:49", "end": "00:06:51", "text": "through this. The last two times we had"}, {"start": "00:06:51", "end": "00:06:53", "text": "major corrections in this cycle down"}, {"start": "00:06:53", "end": "00:06:57", "text": "32%. And guess what? We hit that. We hit"}, {"start": "00:06:57", "end": "00:07:00", "text": "it today. It was like 30% 31%."}, {"start": "00:07:00", "end": "00:07:02", "text": "So it's not something that we haven't"}, {"start": "00:07:02", "end": "00:07:04", "text": "seen before. Even this cycle, we have"}, {"start": "00:07:04", "end": "00:07:06", "text": "seen it multiple times and we have"}, {"start": "00:07:06", "end": "00:07:09", "text": "certain seen it in previous cycles. This"}, {"start": "00:07:09", "end": "00:07:12", "text": "cycle may be different. Normally"}, {"start": "00:07:12", "end": "00:07:14", "text": "speaking, this is the time where we"}, {"start": "00:07:14", "end": "00:07:16", "text": "start heading higher,"}, {"start": "00:07:16", "end": "00:07:19", "text": "but because of all the stuff that we're"}, {"start": "00:07:19", "end": "00:07:22", "text": "going through, it's different. It looks"}, {"start": "00:07:22", "end": "00:07:24", "text": "different. It could be elongated. It"}, {"start": "00:07:24", "end": "00:07:28", "text": "could be well into 2026 before we see"}, {"start": "00:07:28", "end": "00:07:30", "text": "that parabolic phase."}, {"start": "00:07:30", "end": "00:07:32", "text": "But I believe it's coming. I don't"}, {"start": "00:07:32", "end": "00:07:34", "text": "believe we're just skipping it and we're"}, {"start": "00:07:34", "end": "00:07:36", "text": "missing out on it and then we're going"}, {"start": "00:07:36", "end": "00:07:38", "text": "to go to crypto winter. I think at this"}, {"start": "00:07:38", "end": "00:07:41", "text": "point that's off the table. I think we"}, {"start": "00:07:41", "end": "00:07:44", "text": "just have to be patient, let things turn"}, {"start": "00:07:44", "end": "00:07:46", "text": "around whenever things are way too"}, {"start": "00:07:46", "end": "00:07:47", "text": "bearish."}, {"start": "00:07:47", "end": "00:07:50", "text": "That's when we do turn around and the"}, {"start": "00:07:50", "end": "00:07:54", "text": "fundamentals haven't changed. Still"}, {"start": "00:07:54", "end": "00:07:56", "text": "great. a lot of adoption, a lot of"}, {"start": "00:07:56", "end": "00:07:58", "text": "buying,"}, {"start": "00:07:58", "end": "00:08:02", "text": "and I believe these ETFs for the alts"}, {"start": "00:08:02", "end": "00:08:04", "text": "are going to help, especially like"}, {"start": "00:08:04", "end": "00:08:08", "text": "Salana and XRP and others. I think when"}, {"start": "00:08:08", "end": "00:08:09", "text": "things turn around, they're going to"}, {"start": "00:08:09", "end": "00:08:12", "text": "make a big big difference."}, {"start": "00:08:12", "end": "00:08:14", "text": "Okay, so stay strong, my friends. I'll"}, {"start": "00:08:14", "end": "00:08:16", "text": "see some of you guys in a little bit on"}, {"start": "00:08:16", "end": "00:08:19", "text": "my other channel. I'll see the rest of"}, {"start": "00:08:19", "end": "00:08:20", "text": "you guys tomorrow, 8:30 a.m. Central"}, {"start": "00:08:20", "end": "00:08:22", "text": "Standard Time. All right, have a good"}, {"start": "00:08:22", "end": "00:08:26", "text": "one. Take care. Bye-bye."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Welcome back to Squawkbox right here on"}, {"start": "00:00:01", "end": "00:00:05", "text": "CNBC. Bitcoin down more than 22% in a"}, {"start": "00:00:05", "end": "00:00:06", "text": "month. Joining us right now is Anthony"}, {"start": "00:00:06", "end": "00:00:08", "text": "Poniano. He's the founder and CEO of"}, {"start": "00:00:08", "end": "00:00:12", "text": "Professional Capital Management. Pomp,"}, {"start": "00:00:12", "end": "00:00:13", "text": "we need to understand sort of where"}, {"start": "00:00:13", "end": "00:00:15", "text": "where you stand on all this. Also, I"}, {"start": "00:00:15", "end": "00:00:17", "text": "should say there's been a a bigger even"}, {"start": "00:00:17", "end": "00:00:18", "text": "uh fall in some of the other"}, {"start": "00:00:18", "end": "00:00:20", "text": "cryptocurrencies, but you've been a"}, {"start": "00:00:20", "end": "00:00:23", "text": "Bitcoin man. So, um where do you see the"}, {"start": "00:00:23", "end": "00:00:25", "text": "floor at this point and where do you see"}, {"start": "00:00:25", "end": "00:00:26", "text": "the upside?"}, {"start": "00:00:26", "end": "00:00:28", "text": "Yeah. Well, let's put this all in"}, {"start": "00:00:28", "end": "00:00:30", "text": "context real quick. So, uh, over the"}, {"start": "00:00:30", "end": "00:00:32", "text": "last decade, Bitcoin has drawn down 30%"}, {"start": "00:00:32", "end": "00:00:36", "text": "or more 21 different times. Of that,"}, {"start": "00:00:36", "end": "00:00:38", "text": "seven of them have been 50% or more."}, {"start": "00:00:38", "end": "00:00:39", "text": "That's like having a global financial"}, {"start": "00:00:39", "end": "00:00:41", "text": "crisis every year and a half for a"}, {"start": "00:00:41", "end": "00:00:43", "text": "decade. So, Bitcoiners are used to this."}, {"start": "00:00:43", "end": "00:00:45", "text": "Now, who's not used to this are the"}, {"start": "00:00:45", "end": "00:00:47", "text": "people who are coming from Wall Street."}, {"start": "00:00:47", "end": "00:00:48", "text": "They're not used to this type of"}, {"start": "00:00:48", "end": "00:00:50", "text": "volatility. You know, global financial"}, {"start": "00:00:50", "end": "00:00:51", "text": "crisis, there is literally people still"}, {"start": "00:00:51", "end": "00:00:53", "text": "fearful of that happening again. And so"}, {"start": "00:00:53", "end": "00:00:55", "text": "I think that what we're watching is as"}, {"start": "00:00:55", "end": "00:00:57", "text": "the rotator uh the rotation of the"}, {"start": "00:00:57", "end": "00:00:59", "text": "holder base happens, these new people"}, {"start": "00:00:59", "end": "00:01:01", "text": "are very very fearful. We're going into"}, {"start": "00:01:01", "end": "00:01:02", "text": "end of year, there's things around"}, {"start": "00:01:02", "end": "00:01:04", "text": "bonuses. People are trying to figure out"}, {"start": "00:01:04", "end": "00:01:06", "text": "should I actually sell this asset that I"}, {"start": "00:01:06", "end": "00:01:08", "text": "thought I was really excited about. And"}, {"start": "00:01:08", "end": "00:01:09", "text": "I think that's putting some downward"}, {"start": "00:01:09", "end": "00:01:11", "text": "pressure on the price. Now in terms of"}, {"start": "00:01:11", "end": "00:01:13", "text": "that draw down, given that there's been"}, {"start": "00:01:13", "end": "00:01:15", "text": "21 30 plus% draw downs, I do think that"}, {"start": "00:01:15", "end": "00:01:17", "text": "a 35% draw down that we've seen from the"}, {"start": "00:01:17", "end": "00:01:20", "text": "all-time high is pretty healthy reset."}, {"start": "00:01:20", "end": "00:01:21", "text": "And I think that there's a question in"}, {"start": "00:01:21", "end": "00:01:23", "text": "the industry. Is this going to be one of"}, {"start": "00:01:23", "end": "00:01:26", "text": "these very large draw downs that we've"}, {"start": "00:01:26", "end": "00:01:28", "text": "seen in ter of these bare markets of 70"}, {"start": "00:01:28", "end": "00:01:30", "text": "80%. Or is this simply something that is"}, {"start": "00:01:30", "end": "00:01:32", "text": "more normal and we should expect this"}, {"start": "00:01:32", "end": "00:01:34", "text": "reset to then provide a new base and"}, {"start": "00:01:34", "end": "00:01:35", "text": "then we go back to all-time highs over"}, {"start": "00:01:35", "end": "00:01:37", "text": "the next, you know, couple of weeks or"}, {"start": "00:01:37", "end": "00:01:38", "text": "months."}, {"start": "00:01:38", "end": "00:01:40", "text": "And where do you stand on that question"}, {"start": "00:01:40", "end": "00:01:41", "text": "that you just posed yourself?"}, {"start": "00:01:41", "end": "00:01:42", "text": "You know, I heard something pretty"}, {"start": "00:01:42", "end": "00:01:45", "text": "interesting. Uh Matt Seagull over at Van"}, {"start": "00:01:45", "end": "00:01:48", "text": "said, \"Well, Bitcoin's u uh in terms of"}, {"start": "00:01:48", "end": "00:01:50", "text": "uh Bitcoin's volatility has been cut in"}, {"start": "00:01:50", "end": "00:01:52", "text": "half over the last year or two.\" And so"}, {"start": "00:01:52", "end": "00:01:54", "text": "if that's the case, if we're used to 80%"}, {"start": "00:01:54", "end": "00:01:55", "text": "draw downs, maybe now the draw downs are"}, {"start": "00:01:55", "end": "00:01:57", "text": "about 40%. Right? You would expect that"}, {"start": "00:01:57", "end": "00:01:59", "text": "if the volatility has been cut in half."}, {"start": "00:01:59", "end": "00:02:02", "text": "Well, we just saw a 36 37% draw down."}, {"start": "00:02:02", "end": "00:02:04", "text": "And so I do think that as volatility"}, {"start": "00:02:04", "end": "00:02:06", "text": "compresses, people will be disappointed"}, {"start": "00:02:06", "end": "00:02:08", "text": "to the upside because it's not going to"}, {"start": "00:02:08", "end": "00:02:10", "text": "have these blowoff tops that they"}, {"start": "00:02:10", "end": "00:02:12", "text": "expected. But also there may be some you"}, {"start": "00:02:12", "end": "00:02:14", "text": "know uh safety in terms of these 80%"}, {"start": "00:02:14", "end": "00:02:17", "text": "draw downs are gone as well. Um and so I"}, {"start": "00:02:17", "end": "00:02:18", "text": "tend to think that we probably are"}, {"start": "00:02:18", "end": "00:02:21", "text": "somewhere around uh the bottoming. Again"}, {"start": "00:02:21", "end": "00:02:23", "text": "if you see the gre uh the fear and greed"}, {"start": "00:02:23", "end": "00:02:24", "text": "index at I think it was eight for"}, {"start": "00:02:24", "end": "00:02:27", "text": "Bitcoin six in equities uh that tells me"}, {"start": "00:02:27", "end": "00:02:29", "text": "that you can't stay there that long. Um"}, {"start": "00:02:29", "end": "00:02:30", "text": "and so I think that we might just go"}, {"start": "00:02:30", "end": "00:02:32", "text": "sideways for a while here uh and then"}, {"start": "00:02:32", "end": "00:02:33", "text": "start to kind of grind back up over the"}, {"start": "00:02:33", "end": "00:02:35", "text": "next couple of weeks."}, {"start": "00:02:35", "end": "00:02:36", "text": "Anthony, one of the big questions has"}, {"start": "00:02:36", "end": "00:02:38", "text": "always been how much leverage there is"}, {"start": "00:02:38", "end": "00:02:40", "text": "in the Bitcoin universe and whether"}, {"start": "00:02:40", "end": "00:02:43", "text": "there gets to be a point and I don't"}, {"start": "00:02:43", "end": "00:02:44", "text": "know what the inflection point is where"}, {"start": "00:02:44", "end": "00:02:46", "text": "there are enough margin calls that it"}, {"start": "00:02:46", "end": "00:02:47", "text": "effectively becomes this sort of"}, {"start": "00:02:47", "end": "00:02:49", "text": "self-fulfilling prophecy on the"}, {"start": "00:02:49", "end": "00:02:51", "text": "downside. Where do you stand on that? I"}, {"start": "00:02:51", "end": "00:02:52", "text": "mean, obviously, we talked to Michael"}, {"start": "00:02:52", "end": "00:02:54", "text": "Sailor just just about a week and a half"}, {"start": "00:02:54", "end": "00:02:55", "text": "ago. He obviously represents a huge part"}, {"start": "00:02:55", "end": "00:02:57", "text": "of the market, too. Also, there's a"}, {"start": "00:02:57", "end": "00:02:59", "text": "number of ETFs now uh that represent a"}, {"start": "00:02:59", "end": "00:03:01", "text": "big part of the market. So, how do you"}, {"start": "00:03:01", "end": "00:03:03", "text": "see that piece of it? Yeah, well,"}, {"start": "00:03:03", "end": "00:03:04", "text": "there's a lot more leverage in the"}, {"start": "00:03:04", "end": "00:03:06", "text": "system on October 8th and 9th right"}, {"start": "00:03:06", "end": "00:03:07", "text": "before the big liquidation. And so I"}, {"start": "00:03:07", "end": "00:03:09", "text": "think that again part of that healthy"}, {"start": "00:03:09", "end": "00:03:11", "text": "reset is that we went from higher"}, {"start": "00:03:11", "end": "00:03:13", "text": "degrees of open interest and leverage to"}, {"start": "00:03:13", "end": "00:03:14", "text": "today something that is much more"}, {"start": "00:03:14", "end": "00:03:17", "text": "normal. And I think that uh again that"}, {"start": "00:03:17", "end": "00:03:18", "text": "fear and greed index is a great signal"}, {"start": "00:03:18", "end": "00:03:20", "text": "as to how bullish people are. And you"}, {"start": "00:03:20", "end": "00:03:22", "text": "know there's always the quote of you"}, {"start": "00:03:22", "end": "00:03:23", "text": "want to buy when there's blood in the"}, {"start": "00:03:23", "end": "00:03:25", "text": "streets. Uh I don't think I've ever seen"}, {"start": "00:03:25", "end": "00:03:28", "text": "the equity fear and greed index at six."}, {"start": "00:03:28", "end": "00:03:30", "text": "The Bitcoin one going to eight is very"}, {"start": "00:03:30", "end": "00:03:32", "text": "very rare. And so I think that you're"}, {"start": "00:03:32", "end": "00:03:33", "text": "not going to see high degrees of"}, {"start": "00:03:33", "end": "00:03:35", "text": "leverage whenever you get that fear. Um"}, {"start": "00:03:35", "end": "00:03:37", "text": "and I and so that gives me, you know,"}, {"start": "00:03:37", "end": "00:03:39", "text": "great confidence that we're probably not"}, {"start": "00:03:39", "end": "00:03:42", "text": "that far from having bottomed."}, {"start": "00:03:42", "end": "00:03:43", "text": "So are you buying right now? And what do"}, {"start": "00:03:43", "end": "00:03:45", "text": "you see as the upside in terms of how"}, {"start": "00:03:45", "end": "00:03:47", "text": "how you look out even 12 months out?"}, {"start": "00:03:47", "end": "00:03:49", "text": "Because we've heard lots of predictions"}, {"start": "00:03:49", "end": "00:03:51", "text": "that would mean that this the value"}, {"start": "00:03:51", "end": "00:03:54", "text": "would effectively have to double, triple"}, {"start": "00:03:54", "end": "00:03:55", "text": "or more actually to reach some of the"}, {"start": "00:03:55", "end": "00:03:58", "text": "the expectations we heard probably 12"}, {"start": "00:03:58", "end": "00:03:59", "text": "months ago."}, {"start": "00:03:59", "end": "00:04:00", "text": "Yeah. Yeah, you know, I've been coming"}, {"start": "00:04:00", "end": "00:04:01", "text": "on the show for a long time and every"}, {"start": "00:04:01", "end": "00:04:03", "text": "year I try to end up with more Bitcoin"}, {"start": "00:04:03", "end": "00:04:05", "text": "than I started the year with. This year"}, {"start": "00:04:05", "end": "00:04:07", "text": "I will have accomplished that. Uh, and"}, {"start": "00:04:07", "end": "00:04:09", "text": "also I will end Q4 with more Bitcoin"}, {"start": "00:04:09", "end": "00:04:11", "text": "than I started Q4 with. And so I think"}, {"start": "00:04:11", "end": "00:04:13", "text": "that if you've been doing this for a"}, {"start": "00:04:13", "end": "00:04:14", "text": "while, you understand that this is part"}, {"start": "00:04:14", "end": "00:04:16", "text": "of the volatility. The volatility is"}, {"start": "00:04:16", "end": "00:04:18", "text": "actually a strong signal. It's not a"}, {"start": "00:04:18", "end": "00:04:20", "text": "negative. I actually would be worried if"}, {"start": "00:04:20", "end": "00:04:22", "text": "Bitcoin's volatility essentially was"}, {"start": "00:04:22", "end": "00:04:24", "text": "zero. Uh, you need volatility for the"}, {"start": "00:04:24", "end": "00:04:26", "text": "asset to go up. You know, Bitcoin is up"}, {"start": "00:04:26", "end": "00:04:28", "text": "240x"}, {"start": "00:04:28", "end": "00:04:30", "text": "over the last decade. It's about a 70%"}, {"start": "00:04:30", "end": "00:04:32", "text": "compound annual growth rate. We are not"}, {"start": "00:04:32", "end": "00:04:34", "text": "going to continue to have that level of"}, {"start": "00:04:34", "end": "00:04:36", "text": "growth moving forward. But if we get"}, {"start": "00:04:36", "end": "00:04:39", "text": "something that is 20 25 30 35% compound"}, {"start": "00:04:39", "end": "00:04:40", "text": "annual growth rate for the next decade,"}, {"start": "00:04:40", "end": "00:04:42", "text": "you're going to outperform equities and"}, {"start": "00:04:42", "end": "00:04:43", "text": "I think that's why a lot of Bitcoiners"}, {"start": "00:04:43", "end": "00:04:45", "text": "are very excited about this asset as"}, {"start": "00:04:45", "end": "00:04:46", "text": "part of their portfolio."}, {"start": "00:04:46", "end": "00:04:48", "text": "Do you feel the same way about Ethereum"}, {"start": "00:04:48", "end": "00:04:51", "text": "or Salana? I should argue I should say"}, {"start": "00:04:51", "end": "00:04:54", "text": "by the way down even more than Bitcoin."}, {"start": "00:04:54", "end": "00:04:55", "text": "Yeah. You know what's been pretty"}, {"start": "00:04:55", "end": "00:04:57", "text": "interesting is I think that going into"}, {"start": "00:04:57", "end": "00:04:59", "text": "this bull market, people thought, okay,"}, {"start": "00:04:59", "end": "00:05:01", "text": "Bitcoin will be the lead um in terms of"}, {"start": "00:05:01", "end": "00:05:04", "text": "movement uh on a sequence basis, but the"}, {"start": "00:05:04", "end": "00:05:06", "text": "alts historically have outperformed in"}, {"start": "00:05:06", "end": "00:05:08", "text": "these kind of euphoric blowoff tops. Uh"}, {"start": "00:05:08", "end": "00:05:10", "text": "we haven't really seen that as much as I"}, {"start": "00:05:10", "end": "00:05:11", "text": "think people expected. And so instead,"}, {"start": "00:05:11", "end": "00:05:12", "text": "what we've seen is that Bitcoin has"}, {"start": "00:05:12", "end": "00:05:14", "text": "remained kind of the dominant asset. A"}, {"start": "00:05:14", "end": "00:05:16", "text": "big part of that is that Wall Street"}, {"start": "00:05:16", "end": "00:05:18", "text": "embraced it first. Now, over the last"}, {"start": "00:05:18", "end": "00:05:19", "text": "couple of weeks and months, we have seen"}, {"start": "00:05:19", "end": "00:05:21", "text": "Wall Street start to take a look at ETH"}, {"start": "00:05:21", "end": "00:05:23", "text": "and Salana and some of these others, but"}, {"start": "00:05:23", "end": "00:05:25", "text": "I do think that there is still a kind of"}, {"start": "00:05:25", "end": "00:05:27", "text": "category creation, a category winner in"}, {"start": "00:05:27", "end": "00:05:29", "text": "Bitcoin as a store of value. That is"}, {"start": "00:05:29", "end": "00:05:31", "text": "probably the largest total addressable"}, {"start": "00:05:31", "end": "00:05:33", "text": "market. And so, I think that Bitcoin"}, {"start": "00:05:33", "end": "00:05:35", "text": "will stand alone and it will continue to"}, {"start": "00:05:35", "end": "00:05:36", "text": "be the king of the crypto market."}, {"start": "00:05:36", "end": "00:05:37", "text": "Doesn't mean the other things are going"}, {"start": "00:05:37", "end": "00:05:39", "text": "to go to zero. Doesn't mean that"}, {"start": "00:05:39", "end": "00:05:40", "text": "investors aren't going to go put that in"}, {"start": "00:05:40", "end": "00:05:41", "text": "their portfolio. I just think that"}, {"start": "00:05:41", "end": "00:05:44", "text": "Bitcoin is able to kind of obtain a very"}, {"start": "00:05:44", "end": "00:05:46", "text": "special place in a portfolio. And that's"}, {"start": "00:05:46", "end": "00:05:47", "text": "why you see so much capital flowing in"}, {"start": "00:05:47", "end": "00:05:49", "text": "and that's why you see Bitcoin dominance"}, {"start": "00:05:49", "end": "00:05:51", "text": "continuing to be so high compared to the"}, {"start": "00:05:51", "end": "00:05:53", "text": "other cryptos."}, {"start": "00:05:53", "end": "00:05:56", "text": "Anthony, uh, thank you, Pomp. Great to"}, {"start": "00:05:56", "end": "00:05:58", "text": "see you. We'll see where everything"}, {"start": "00:05:58", "end": "00:06:02", "text": "goes. Happy Thanksgiving. Thanks guys."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "And I think for Bitcoin and for people that are focused on altcoins, yes, from a trading perspective, it's been bad."}, {"start": "00:00:05", "end": "00:00:12", "text": "I've lost money. This has not been fun. I wake up every day and I go, \"Okay, here we're in for another battle.\" But"}, {"start": "00:00:12", "end": "00:00:17", "text": "I've been through enough of these battles to realize that when it feels this bad and there literally is no hope"}, {"start": "00:00:17", "end": "00:00:24", "text": "and I'm getting signs of really intelligent people calling me scared to death, I just What's going on, guys?"}, {"start": "00:00:24", "end": "00:00:30", "text": "Today we got a great conversation with Jordy Visser. Prices are down, investors are scared, and everyone wants to know,"}, {"start": "00:00:30", "end": "00:00:36", "text": "is a bare market here? Did a bubble pop, or is this just a normal healthy drawback? Jordan's here to explain what"}, {"start": "00:00:36", "end": "00:00:41", "text": "he's seeing in the market, where he thinks there's opportunity, why he thinks different asset classes in"}, {"start": "00:00:41", "end": "00:00:46", "text": "different industries have different answers, and he also gives us a little bit of optimism and explains where he"}, {"start": "00:00:46", "end": "00:00:53", "text": "thinks that we'll actually get a reversal in the market, and what to look for through the end of the year and into 2026. All that much more in our latest"}, {"start": "00:00:53", "end": "00:00:59", "text": "conversation with Jordy Visser. All right, Jordy, there's a big sell-off this week. There is fear everywhere. I"}, {"start": "00:00:59", "end": "00:01:05", "text": "saw the stock market fear and greed index hit six. I've never seen it that low. I saw the Bitcoin fear and greed"}, {"start": "00:01:05", "end": "00:01:10", "text": "index hit eight. Never seen it that low. What is going on? And what are we supposed to think about where we're"}, {"start": "00:01:10", "end": "00:01:16", "text": "going from here? You didn't even ask why I'm in Maine. I'm hiding here. So, this is the best"}, {"start": "00:01:16", "end": "00:01:23", "text": "place to be. So, I've I've run out of town. Uh yeah, it What's amazing about"}, {"start": "00:01:23", "end": "00:01:29", "text": "this one? Um, and what I think is is both surprising but also enlightening,"}, {"start": "00:01:29", "end": "00:01:36", "text": "the S&P is still only about 5% off all-time highs. So, when we went"}, {"start": "00:01:36", "end": "00:01:43", "text": "through this and you're naming how sentiment in in some measures is lower than it was on liberation day,"}, {"start": "00:01:43", "end": "00:01:49", "text": "yet we're nowhere near that in terms of just the S&P fall. So, this has really"}, {"start": "00:01:49", "end": "00:01:57", "text": "been speculative retail names and obviously Bitcoin. These have been the the the areas. And for everyone who's"}, {"start": "00:01:57", "end": "00:02:04", "text": "also lost money in altcoins, this is all of crypto. So, this isn't just there. But I I will say this. Um,"}, {"start": "00:02:04", "end": "00:02:11", "text": "for everyone who's watched me here or on my weekly, I I always say the same"}, {"start": "00:02:11", "end": "00:02:19", "text": "thing. And I think it gets boring to people, but I really do believe that we will be climbing a wall of AI worry"}, {"start": "00:02:19", "end": "00:02:25", "text": "forever. And and I really do mean forever. Um, behind the scenes, as you"}, {"start": "00:02:25", "end": "00:02:30", "text": "know, we're seeing speculative names fall off. And I've highlighted that uh I created an index which had the names"}, {"start": "00:02:30", "end": "00:02:37", "text": "that I think were heavily speculated on that really didn't have any revenues that were based on things like nuclear"}, {"start": "00:02:37", "end": "00:02:44", "text": "which may be a solution 5 years in the future but nothing in the near term and Bitcoin obviously falls into that camp"}, {"start": "00:02:44", "end": "00:02:51", "text": "where it doesn't have a normal valuation side to it. So we're at a point where people have basically bailed out for the"}, {"start": "00:02:51", "end": "00:02:57", "text": "time being and they're getting stopped out. And as someone who, let's say, I"}, {"start": "00:02:57", "end": "00:03:04", "text": "had some really nice trading profits going this year until recently. And then about 2 weeks ago, I started to increase"}, {"start": "00:03:04", "end": "00:03:10", "text": "my, you know, my regular buying of Bitcoin, of which there's always regular buying. Then I started to doing some"}, {"start": "00:03:10", "end": "00:03:17", "text": "increased buying below 100,000. So, you know, between Micro Strategy and Bitcoin, they've eaten up a lot of uh uh"}, {"start": "00:03:17", "end": "00:03:22", "text": "my semiconductor profits uh and now my Eli Liy profits. And we're kind of"}, {"start": "00:03:22", "end": "00:03:29", "text": "sitting here and I can feel that the narrative as prices are going down, I'm seeing more and more panic on the AI"}, {"start": "00:03:29", "end": "00:03:34", "text": "side, more and more people kind of beating their chest that this is artificial intelligence unwind and that"}, {"start": "00:03:34", "end": "00:03:40", "text": "the bubble is popping. And that's where this is really going to come down to it. Um, I don't hear many people when I"}, {"start": "00:03:40", "end": "00:03:46", "text": "speak to them that use AI or that do as much research as I do across kind of"}, {"start": "00:03:46", "end": "00:03:51", "text": "what's coming. And I just feel like in a week like this or a month like this, uh,"}, {"start": "00:03:51", "end": "00:03:57", "text": "a lot of this is just losses on top of losses, we were gonna see corrections"}, {"start": "00:03:57", "end": "00:04:03", "text": "that speculative name basket has given up the entire year and it was up significantly. Bitcoin's given up the"}, {"start": "00:04:03", "end": "00:04:09", "text": "entire year. We've knocked retail out. So, I wrote a piece this week that um, there is light at the end of the"}, {"start": "00:04:09", "end": "00:04:16", "text": "turbulence. I wrote one with a similar title back in in liberation day and I hate for people to uh to ignore it but"}, {"start": "00:04:16", "end": "00:04:23", "text": "the message is the same which is when those fear and greed index get to these low levels my historical kind of belief"}, {"start": "00:04:23", "end": "00:04:28", "text": "is unless the economy follows it and goes down like it did after the housing"}, {"start": "00:04:28", "end": "00:04:35", "text": "bubble and like that that's the only way that it's justified if not and we're in a bull trend and I will remind people"}, {"start": "00:04:35", "end": "00:04:41", "text": "every market around the world is up double digits so even the S&P 500 and"}, {"start": "00:04:41", "end": "00:04:47", "text": "earnings growth is happening faster outside the US than it is inside the US and US earnings are growing faster than"}, {"start": "00:04:47", "end": "00:04:52", "text": "what the markets up this year. So, under the hood of everything, AI is still pushing things forward. We'll find a"}, {"start": "00:04:52", "end": "00:04:57", "text": "bottom in 6 months from now. People will look back and really not remember the panic that ensued."}, {"start": "00:04:57", "end": "00:05:04", "text": "You know what's funny to me? I saw the uh stock market fear and greed index at six and I I literally I was like"}, {"start": "00:05:04", "end": "00:05:12", "text": "shocked. I've never seen it that low. And I went and I looked Is that the CNN one? Yeah, the CNN one. and and I went and I looked and um the NASDAQ's up 15% this"}, {"start": "00:05:12", "end": "00:05:18", "text": "year, right? I mean, like how do you balance those things, right? It's like everyone is fearful, but we're up 15% for the"}, {"start": "00:05:18", "end": "00:05:23", "text": "year. Uh and then you look S&P, same thing. You know what what 10 11% whatever it is. And so you start to to"}, {"start": "00:05:23", "end": "00:05:28", "text": "say to yourself, hold on a second. How much of this is that gap between"}, {"start": "00:05:28", "end": "00:05:33", "text": "expectations and reality is where unhappiness lives, but also that is kind of where panic lives in financial"}, {"start": "00:05:33", "end": "00:05:39", "text": "markets? Everyone was expecting a really strong close into the end of the year. everyone was expecting you know us to"}, {"start": "00:05:39", "end": "00:05:45", "text": "end up 30% uh for the year you know these kind of really bonker video game type numbers. So that's one aspect is"}, {"start": "00:05:45", "end": "00:05:51", "text": "you know kind of we had these big expectations and maybe we just get kind of above average returns but given the"}, {"start": "00:05:51", "end": "00:05:57", "text": "expectation you you you feel disappointed. But the second thing is uh I saw a bunch of data from Ryan Dietrich"}, {"start": "00:05:57", "end": "00:06:02", "text": "over at Carson Group and what he talks about is uh we have only had since 1950"}, {"start": "00:06:02", "end": "00:06:09", "text": "six times in history where the stock market peaked in the month of October. So it's happened but just not very uh"}, {"start": "00:06:09", "end": "00:06:14", "text": "common. And then on top of that, he has continued to talk about this idea of"}, {"start": "00:06:14", "end": "00:06:20", "text": "November is actually seasonally weak a little bit. And it happens that the market usually is the one of the weakest"}, {"start": "00:06:20", "end": "00:06:26", "text": "parts of the year is November 18th through the 20th. Well, guess what Thursday was? It was the bottom of that"}, {"start": "00:06:26", "end": "00:06:31", "text": "18 to 20, you know, kind of sellown that we've seen this week. And so again, does history repeat? Does it rhyme? Like"}, {"start": "00:06:31", "end": "00:06:37", "text": "there's all these questions I think people have. But there is kind of this historical seasonality or cyclicality"}, {"start": "00:06:37", "end": "00:06:42", "text": "that in hindsight it's much more obvious than maybe if we were talking two or three weeks ago you and I are like,"}, {"start": "00:06:42", "end": "00:06:48", "text": "\"Hey, we're going higher.\" You know, uh, all of the Fed uh, and kind of macro environment is is setting us up for a"}, {"start": "00:06:48", "end": "00:06:54", "text": "for a fun end of the year. Yeah. I So, I'm not really that big into"}, {"start": "00:06:54", "end": "00:07:01", "text": "seasonality, particularly in the environment win, but but I do you did make me think about about one thing. So,"}, {"start": "00:07:01", "end": "00:07:07", "text": "let's go back to the fact that the fear and greed index has gotten down to these levels. And I want to use an analogy for"}, {"start": "00:07:07", "end": "00:07:12", "text": "people to um understand to connect that back to what I said that you're going to be climbing a wall of worry for a long"}, {"start": "00:07:12", "end": "00:07:18", "text": "time. Anyone who thought that all of a sudden, you know, the economy is going"}, {"start": "00:07:18", "end": "00:07:23", "text": "to get better, meaning everyone's going to be doing well. That doesn't happen in"}, {"start": "00:07:23", "end": "00:07:30", "text": "a world of AI. And this is the thing that I've I've talked about where the K-shaped economy"}, {"start": "00:07:30", "end": "00:07:35", "text": "I if you want to use something imagine if we didn't have um weather cycles"}, {"start": "00:07:35", "end": "00:07:40", "text": "meaning seasons. So seasons to get back to your seasonality let's assume it"}, {"start": "00:07:40", "end": "00:07:46", "text": "could snow in the summertime and let's assume we didn't have the weatherman to tell us what was coming. So you drive"}, {"start": "00:07:46", "end": "00:07:54", "text": "your car one day it's San Diego outside it's 80 and beautiful and the next day it's 22 and there's 6 in of snow. you"}, {"start": "00:07:54", "end": "00:08:01", "text": "with seasons, you get the time to prepare for the snow. You get to go through it. In a world of AI where we have a K-shaped economy, I really do"}, {"start": "00:08:01", "end": "00:08:07", "text": "believe the seasons are going to be shorter, meaning they're going to be one month or two month and out of nowhere"}, {"start": "00:08:07", "end": "00:08:13", "text": "you can make a bearish argument. And what people have to understand this fear and greed index is about narratives. You"}, {"start": "00:08:13", "end": "00:08:19", "text": "see that in the University of Michigan consumer confidence level which is at all-time lows. And so I've highlighted"}, {"start": "00:08:19", "end": "00:08:24", "text": "before that the all-time peak in um missish consumer confidence was in March"}, {"start": "00:08:24", "end": "00:08:30", "text": "of 2000 or Jan uh December of 99 that period in there which was when everyone"}, {"start": "00:08:30", "end": "00:08:37", "text": "was doing well. This is a very different time period where we have a K-shaped economy and in a K-shaped economy it's"}, {"start": "00:08:37", "end": "00:08:42", "text": "very easy for people to get negative very very quickly. When you're very polarized that means it starts from half"}, {"start": "00:08:42", "end": "00:08:48", "text": "the country hates the president. Um, it's a very very different situation and I think as long as we're in a K-shaped"}, {"start": "00:08:48", "end": "00:08:54", "text": "economy, people have to realize that that situation creates these issues where people can get negative very"}, {"start": "00:08:54", "end": "00:09:00", "text": "quickly. And I think AI is forcing this exponential innovation did it. And so that's why I keep saying to people at"}, {"start": "00:09:00", "end": "00:09:06", "text": "the end of the day, what'll matter for AI is Nvidia blew out numbers this week."}, {"start": "00:09:06", "end": "00:09:13", "text": "There's nothing wrong with what's happening with AI. Then you add in that Gemini came out this week, the best"}, {"start": "00:09:13", "end": "00:09:19", "text": "model ever, and it's amazing what it can do. You're just you're continuing to make progress. You're going to continue"}, {"start": "00:09:19", "end": "00:09:26", "text": "to have profit margins going higher. People just are going to have to get used to this trading activity. And I'll say it again, um I think retail is"}, {"start": "00:09:26", "end": "00:09:34", "text": "better positioned to deal with this. And I think the crypto space is as well. Nvidia numbers were excellent and they"}, {"start": "00:09:34", "end": "00:09:39", "text": "raised guidance. Beat and raise, beat and raise, beat and raise. we sell off."}, {"start": "00:09:39", "end": "00:09:46", "text": "Is that actually a bad sign? Like you would, you know, I tweeted I said, \"Oh, Jensen Jensen uh outperforms. Recession"}, {"start": "00:09:46", "end": "00:09:52", "text": "is canceled.\" You know, type thing, right? It's kind of like, \"Hey, the man in a leather jacket is here to save us all.\" But then we sell off pretty"}, {"start": "00:09:52", "end": "00:09:58", "text": "aggressively. I think, you know, one and a half% on uh Thursday in the S&P, 2 and a half% NASDAQ."}, {"start": "00:09:58", "end": "00:10:04", "text": "How do you look at, okay, we got the great earnings, but we still sold off. Is that like telling us there's"}, {"start": "00:10:04", "end": "00:10:10", "text": "something that is even worse? like it's more bearish the fact that we sold off or is that just a coincidence?"}, {"start": "00:10:10", "end": "00:10:17", "text": "Uh I I definitely think it's a sign where there is some force selling going on and some hedging going on. So uh I"}, {"start": "00:10:17", "end": "00:10:24", "text": "saw this morning cuz the biggest thing yesterday as someone who is you know up in Maine is doing a lot of other things."}, {"start": "00:10:24", "end": "00:10:29", "text": "I looked at the market I saw it was up you know one and a half% and then about"}, {"start": "00:10:29", "end": "00:10:35", "text": "two hours later I looked and I'm like wow we're down a percent now. That doesn't happen too often. And then I"}, {"start": "00:10:35", "end": "00:10:40", "text": "read this morning and saw some posts on X that went back and highlighted that there's only been three other times in"}, {"start": "00:10:40", "end": "00:10:49", "text": "the last 30 years that the S&P or the spiders did what it did yesterday. So for SPY to be up over 1 and a.5% and"}, {"start": "00:10:49", "end": "00:10:54", "text": "then finished down over one and a half%. There were three other times. Um, one of"}, {"start": "00:10:54", "end": "00:10:59", "text": "them happened to be the day that I wrote My Light in the uh, End of Turbulence,"}, {"start": "00:10:59", "end": "00:11:05", "text": "which was back in uh, uh, in April of this year. And then the other two times,"}, {"start": "00:11:05", "end": "00:11:12", "text": "believe it or not, were in October of08 after Lehman Brothers during the Melee. And again, markets rallied from those"}, {"start": "00:11:12", "end": "00:11:19", "text": "points both times. Now, in in terms of '08, that was not the ultimate bottom. we continued to eventually fail and and"}, {"start": "00:11:19", "end": "00:11:25", "text": "go lower, but back then the economy was going into a recession. And I think that's what I'm going to say is what"}, {"start": "00:11:25", "end": "00:11:31", "text": "that represents to me is yes, that was a bad sign. And if you're a trader, uh the"}, {"start": "00:11:31", "end": "00:11:38", "text": "way that I start doing things, in fact, I texted you this week saying I think the bottom's in for Bitcoin, um it fell"}, {"start": "00:11:38", "end": "00:11:45", "text": "another 9% since I've texted you that. So that was wrong. Um, and again, I"}, {"start": "00:11:45", "end": "00:11:50", "text": "think we're in that mode where they're searching for where the pain will be and where we'll get force selling. When you"}, {"start": "00:11:50", "end": "00:11:57", "text": "get into scenarios like that, including '08, I will tell everyone until we actually see kind of a uh, let's say a"}, {"start": "00:11:57", "end": "00:12:02", "text": "4hour big white candlestick where we're down and we go straight back up, then"}, {"start": "00:12:02", "end": "00:12:09", "text": "you look for the retest. And on the retest, you want to see if the RSI divergences are there. uh and we don't"}, {"start": "00:12:09", "end": "00:12:15", "text": "have any signals in that yet, but I think uh every day now I'm watching for trading signs where I can let's say"}, {"start": "00:12:15", "end": "00:12:20", "text": "triple the amount of money I'm putting into Bitcoin. Uh and some of the other names, although the semiconductor names"}, {"start": "00:12:20", "end": "00:12:25", "text": "and the things I still like for next year, they haven't fallen as much. So really, when you're trying to go bargain"}, {"start": "00:12:25", "end": "00:12:31", "text": "hunting right now, you know, aside from Bitcoin, I really don't I I I really can't find anything that I personally"}, {"start": "00:12:31", "end": "00:12:36", "text": "want to buy. And that says to me that this has been more of a healthy uh move lower, not something more panicky."}, {"start": "00:12:36", "end": "00:12:41", "text": "Today's episode is brought to you by Figure. Looking for the best way to unlock your crypto's liquidity? My"}, {"start": "00:12:41", "end": "00:12:48", "text": "friends at Figure are exactly what you need. Being the largest non-bank mortgage lender in the United States with over 19 billion unlocked on their"}, {"start": "00:12:48", "end": "00:12:54", "text": "lending platform. Explore their industry low cryptobacked loans at 8.91%"}, {"start": "00:12:54", "end": "00:13:00", "text": "interest rates and 50% LTV. They differentiate themselves by offering decentralized MPC custody, which"}, {"start": "00:13:00", "end": "00:13:05", "text": "protects your crypto ownership in a segregated wallet. They've also recently launched liquidation protection, which"}, {"start": "00:13:05", "end": "00:13:12", "text": "protects you from liquidation during large price drops. Whether you're funding a major purchase like a down payment on a home, investing in new"}, {"start": "00:13:12", "end": "00:13:18", "text": "opportunities, or even buying more Bitcoin, Figure makes it a straightforward and transparent process."}, {"start": "00:13:18", "end": "00:13:23", "text": "Visit their app or click the link in the description below to take out a cryptoback loan with Figure today. So,"}, {"start": "00:13:23", "end": "00:13:28", "text": "what's interesting to me is uh Bitcoin is down about 35% off the uh all-time"}, {"start": "00:13:28", "end": "00:13:34", "text": "high and we've gotten two other call it 30 to 35% draw downs in this bull"}, {"start": "00:13:34", "end": "00:13:42", "text": "market. Historically, we have seen in uh the numbers I remember 2017 was like five different 30% draw downs uh or more"}, {"start": "00:13:42", "end": "00:13:48", "text": "um on the way up. Uh, I think that there is a lot of talk of, you know, October,"}, {"start": "00:13:48", "end": "00:13:55", "text": "uh, there's a number of people who kind of predicted that was going to be the top of this four-year cycle. We then sell off 30%."}, {"start": "00:13:55", "end": "00:14:01", "text": "It does feel like if we go down 40% off the all-time high, you're going to see everyone, okay, fine, it's bare market,"}, {"start": "00:14:01", "end": "00:14:08", "text": "you know, here we go. But there is kind of this clinging to hope at that 30 35% draw down level that actually this is"}, {"start": "00:14:08", "end": "00:14:14", "text": "just the third draw down in this cycle and it's going to be an extended kind of prolonged bull market. The four-year"}, {"start": "00:14:14", "end": "00:14:19", "text": "cycle thing is not uh legitimate etc. I don't know what's going to happen, right? I I I fully don't know what's"}, {"start": "00:14:19", "end": "00:14:25", "text": "going to happen, but it does feel like a 30% draw down, which are painful, but"}, {"start": "00:14:25", "end": "00:14:30", "text": "again, to have this extreme fear, it's like Bitcoiners have been here. I I don't know if you go all the way back"}, {"start": "00:14:30", "end": "00:14:39", "text": "and you look at let's say from 2017 to today, less than a decade, the number has to be something like 25,"}, {"start": "00:14:39", "end": "00:14:44", "text": "30, 30% draw downs, right? I mean like the the generation holding Bitcoin. I"}, {"start": "00:14:44", "end": "00:14:51", "text": "always tell people like people, \"Oh, you didn't live through 2008. You didn't live through 2001.\" Like, \"Hey, my brother, these people live through that"}, {"start": "00:14:51", "end": "00:14:59", "text": "like three times a year, every year for a decade, right?\" Um, I mean, just think if the stock market went down 35%."}, {"start": "00:14:59", "end": "00:15:05", "text": "You would have people freaking out. The Bitcoiners in the last two years has"}, {"start": "00:15:05", "end": "00:15:10", "text": "happened three times. So I I just think that there is this element of when you get the risk takers, when you get the"}, {"start": "00:15:10", "end": "00:15:16", "text": "people who are used to volatility and they're at extreme fear, that's like a sign of oh, you've spooked even the"}, {"start": "00:15:16", "end": "00:15:24", "text": "people who are, you know, kind of used to this level of volatility. That to me is a data point that a lot of people don't talk about."}, {"start": "00:15:24", "end": "00:15:30", "text": "Yeah. I So I have a lot of thoughts on this and I'm going to include them in my in my YouTube video this week where"}, {"start": "00:15:30", "end": "00:15:36", "text": "we've already had four um 80% falls in Bitcoin. So, let's not stop at 30 there."}, {"start": "00:15:36", "end": "00:15:41", "text": "There it is asset that historically has been able to lose 80% of its value and"}, {"start": "00:15:41", "end": "00:15:48", "text": "then go to all-time highs again uh all during its lifespan. So, to have four of those that doesn't happen in the S&P"}, {"start": "00:15:48", "end": "00:15:53", "text": "500. Um and again, there's an element of this of two things that I think are"}, {"start": "00:15:53", "end": "00:16:00", "text": "important and this is why I still don't believe that we're going to extend this much further. Uh, and and and I'd like"}, {"start": "00:16:00", "end": "00:16:07", "text": "to hear your I'm going to ask you a question at the end of this cuz I think you'll be able to add some value to me as someone who's looking at data"}, {"start": "00:16:07", "end": "00:16:12", "text": "statistics and I'm only investing in Bitcoin for one reason. I believe that"}, {"start": "00:16:12", "end": "00:16:17", "text": "exponential innovation runs coinciding with it and that 25 years from now where"}, {"start": "00:16:17", "end": "00:16:24", "text": "AI agents are accelerating the what the world will look like in the future, Bitcoin will be a major beneficiary of"}, {"start": "00:16:24", "end": "00:16:29", "text": "what's going to happen. So in those 80% draw downs to get to that level, it was"}, {"start": "00:16:29", "end": "00:16:35", "text": "an immature asset. It wasn't very large. It has finally reached a status uh this"}, {"start": "00:16:35", "end": "00:16:41", "text": "year and the crypto entire thing to to get up to $4 trillion overall. I mean"}, {"start": "00:16:41", "end": "00:16:48", "text": "it's it's a real asset class. Here's the problem. The altcoins, most of them did not get"}, {"start": "00:16:48", "end": "00:16:54", "text": "above the highs that were made in 2021 to 2022. And the reason that's"}, {"start": "00:16:54", "end": "00:17:02", "text": "important, and I've mentioned this multiple times, and I still believe this to be true, the the.com bubble left a lot of"}, {"start": "00:17:02", "end": "00:17:08", "text": "entrepreneurs with losses. And whenever things would sell off, the hope would"}, {"start": "00:17:08", "end": "00:17:14", "text": "immediately turn into despair and a belief that we were going to go through another one. And the pain of that one"}, {"start": "00:17:14", "end": "00:17:20", "text": "was so recent that it scared the hell out of people. the VC world is not coming back to"}, {"start": "00:17:20", "end": "00:17:27", "text": "crypto because it also has a lot of assets in there. I've talked about the importance of the private market and we've talked about that OGs are selling"}, {"start": "00:17:27", "end": "00:17:33", "text": "and now everyone that's been moving money for portfolio diversification reasons inside IBIT and some of the"}, {"start": "00:17:33", "end": "00:17:38", "text": "ETFs, they're starting to get a little shaky and wonder why they've done this and they're starting to sell. So the"}, {"start": "00:17:38", "end": "00:17:44", "text": "problem is you run into this this situation where despite all of the good structural news, all of the innovation"}, {"start": "00:17:44", "end": "00:17:49", "text": "news, all of the entrepreneurial hopes and the administration getting to the Clarity Act, I still believe the stuff"}, {"start": "00:17:49", "end": "00:17:55", "text": "is going to be good, but it needs to start holding somewhere in here. And it doesn't have to be a particular level."}, {"start": "00:17:55", "end": "00:18:02", "text": "We could fall 50% off the highs. I remember saying two weeks ago, we might get to 80,000. Well, we did. We got to"}, {"start": "00:18:02", "end": "00:18:08", "text": "80,000. I still think there'll be a day when it reverses back higher. And this is where I wanted to ask you a question"}, {"start": "00:18:08", "end": "00:18:13", "text": "that I think for the people that have known me a long time that watch us and probably the people that have known you"}, {"start": "00:18:13", "end": "00:18:20", "text": "a long time that watch you, you must have some feeling or insight that there is some kind of foreselling that was"}, {"start": "00:18:20", "end": "00:18:26", "text": "triggered by some event. Uh I'd love to hear it and I'm sure other people would too. I think the short answer is I don't know"}, {"start": "00:18:26", "end": "00:18:32", "text": "and I don't think anyone really knows. Um the maybe two most credible uh rumors"}, {"start": "00:18:32", "end": "00:18:38", "text": "if you will. Uh the first is on October 10th when there was the big liquidation if people remember went from like 120"}, {"start": "00:18:38", "end": "00:18:43", "text": "122,000 to like 106 108 something like that in the span of a couple of hours."}, {"start": "00:18:43", "end": "00:18:48", "text": "Um that was the bigger liquidation than during FTX or or any of these moments. I"}, {"start": "00:18:48", "end": "00:18:54", "text": "think it ended up being something like 19 or 20 billion um of uh of leverage."}, {"start": "00:18:54", "end": "00:18:59", "text": "Somebody blew up. Who is it? How much? What is the contagion from that type of"}, {"start": "00:18:59", "end": "00:19:07", "text": "event? Right? you know, kind of what all the dependent like something happened on October 10th, which is right about when"}, {"start": "00:19:07", "end": "00:19:13", "text": "we went from the top and we've just been down only since then. And so, you've got some sort of selling. Now, there are people who will look and say, \"Oh, on"}, {"start": "00:19:13", "end": "00:19:19", "text": "Binance, people are selling at 9:30 every single day. Uh, it must be some sort of, you know, programmatic"}, {"start": "00:19:19", "end": "00:19:26", "text": "suppression, but I think that there's a lot of folks who are smart who say, well, actually, they're probably just selling through an OTC provider. or the"}, {"start": "00:19:26", "end": "00:19:31", "text": "OTC provider is, you know, essentially uh collecting all the orders and then they're executing throughout the day."}, {"start": "00:19:31", "end": "00:19:36", "text": "So, I think that there's um a blessing and a curse. The people in the Bitcoin and crypto world, they actually"}, {"start": "00:19:36", "end": "00:19:41", "text": "understand the technology and the assets really well. They don't have tons of experience in the traditional financial"}, {"start": "00:19:41", "end": "00:19:48", "text": "system compared to traditional folks. And so, you get a lot of like rumors and speculation and like assumptions and and"}, {"start": "00:19:48", "end": "00:19:55", "text": "frankly just like they don't understand how the systems work. Um, which is an overgeneralization. There's some people who do, but but for the most part, uh,"}, {"start": "00:19:55", "end": "00:20:01", "text": "traditional finance understands it better. So, that's one is there's been a blowup. The second thing is, um, I don't"}, {"start": "00:20:01", "end": "00:20:07", "text": "want to say who said this. Uh, I do not think that this is probably the thing, but it was so outlandish that, uh, I had"}, {"start": "00:20:07", "end": "00:20:15", "text": "to hear more. There's a person in the Bitcoin community who is very well respected who uh said, \"Well, it could"}, {"start": "00:20:15", "end": "00:20:21", "text": "be government organizations who are being told that they need to take any Bitcoin that they have seized or have"}, {"start": "00:20:21", "end": "00:20:27", "text": "access to and put it into the uh strategic Bitcoin reserve.\" But that means that they would be giving up the"}, {"start": "00:20:27", "end": "00:20:34", "text": "value. So, if you have, you know, $50 million worth of Bitcoin and they're saying give it to you, you would lose the $50 million in your like department"}, {"start": "00:20:34", "end": "00:20:42", "text": "budget. And so instead, they're choosing to sell it so that they don't have to hand it over because they get to keep the $50 million. Again, uh this person"}, {"start": "00:20:42", "end": "00:20:48", "text": "does not work in the government or or whatever, but like they're they're in the no, right? And so I don't know where they got that information from, but uh"}, {"start": "00:20:48", "end": "00:20:55", "text": "it it was a uh interesting theory maybe um that uh you know may maybe there's some credence to it, but uh but I hadn't"}, {"start": "00:20:55", "end": "00:21:01", "text": "heard that one. My guess is the October 10th that's like the most credible realistic thing is somebody blew up, there's contagion and we go down. Now"}, {"start": "00:21:01", "end": "00:21:06", "text": "the question that I think I have is we've seen this before"}, {"start": "00:21:06", "end": "00:21:12", "text": "but usually the liquidation has not been over a month and a half. It's been"}, {"start": "00:21:12", "end": "00:21:18", "text": "pretty violent. It's kind of like a market sell order almost, right? And so if you look at the capitulation point um"}, {"start": "00:21:18", "end": "00:21:24", "text": "of FTX, we were kind of in a bare market, bare market, bare market, and then you got that final capitulation."}, {"start": "00:21:24", "end": "00:21:32", "text": "This doesn't feel like that. This feels almost like controlled to a degree. And so it's left me thinking there's some"}, {"start": "00:21:32", "end": "00:21:39", "text": "there's some piece of information we don't have that in hindsight we'll be able to explain what's going on right now but but we don't know at the moment."}, {"start": "00:21:39", "end": "00:21:45", "text": "Yeah. Only only other thing I'll add and I and again I'll show this over the weekend. So I've highlighted that on the"}, {"start": "00:21:45", "end": "00:21:50", "text": "retail side in the US the correlation between Bitcoin and these speculative"}, {"start": "00:21:50", "end": "00:21:56", "text": "names has been one for one after and I would say it started more late October."}, {"start": "00:21:56", "end": "00:22:02", "text": "So if you take in that we saw OG selling that forced the the consolidation where"}, {"start": "00:22:02", "end": "00:22:08", "text": "we were going sideways and underperforming as AI names were going higher which to me would have been again"}, {"start": "00:22:08", "end": "00:22:15", "text": "there was a lot of supply coming to the market that Mike Novogratz talked about in September then you get the event on"}, {"start": "00:22:15", "end": "00:22:20", "text": "uh on October 10th you get the falloff and maybe it was whatever let's assume"}, {"start": "00:22:20", "end": "00:22:26", "text": "it was $20 billion that's not enough the OGs were selling more than that but then now let's add in a retail pull pull back"}, {"start": "00:22:26", "end": "00:22:33", "text": "that fueled a lot of selling in the US. But one thing that people haven't really thought about and that's because again"}, {"start": "00:22:33", "end": "00:22:39", "text": "we have a US show and we focus on the US but the Asia growth factor has"}, {"start": "00:22:39", "end": "00:22:46", "text": "completely collapsed also since September and then you add in oh the Fed's not going to cut in December and"}, {"start": "00:22:46", "end": "00:22:53", "text": "all these things and I think we probably got the sentiment low. The one thing about sell-offs, the sentiment was not"}, {"start": "00:22:53", "end": "00:22:59", "text": "super high when we were on October 10th anyway cuz people were already frustrated with the fact that it wasn't"}, {"start": "00:22:59", "end": "00:23:04", "text": "going up and then it immediately went down dramatically afterwards. So, I do"}, {"start": "00:23:04", "end": "00:23:10", "text": "believe that we are in just a u a liquidation that in an asset that moves"}, {"start": "00:23:10", "end": "00:23:16", "text": "a lot uh if it rallies from here and let's say it went back to 100,000 by the"}, {"start": "00:23:16", "end": "00:23:24", "text": "end of the year, it still would finish up for the year. So I think again we're caught in this position where something is now down you know 6 7% year to date"}, {"start": "00:23:24", "end": "00:23:31", "text": "and we're all frustrated because this has been an ongoing uh hood on the market but if you get through this I"}, {"start": "00:23:31", "end": "00:23:38", "text": "think next year again this is about tokenization it's about the clarity act this is about AI agents there's a ton of things that are going on and again I"}, {"start": "00:23:38", "end": "00:23:43", "text": "wrote this and published in the substack and I really do believe that if you look 6 months from now this selloff will be"}, {"start": "00:23:43", "end": "00:23:51", "text": "looked as something that hey I should have just got involved because next year is going to be a great year for risk assets. I want to talk about uh Fed rate cut in"}, {"start": "00:23:51", "end": "00:23:57", "text": "December, jobs data, and midterms. And those three things are very connected in my mind. So jobs data, we're not really"}, {"start": "00:23:57", "end": "00:24:04", "text": "getting it. They're kind of telling us like, hey, we're not going to give you the official stuff. We've got some private data sets. Uh which now the Fed,"}, {"start": "00:24:04", "end": "00:24:10", "text": "which you know, they're used to driving down the road looking in the rearview mirror. Not a great way to drive, but that's what they do. Now they're"}, {"start": "00:24:10", "end": "00:24:18", "text": "basically putting on a blindfold. They're saying, \"Hey, now we're going to drive and we're not even going to look at the road.\" Um"}, {"start": "00:24:18", "end": "00:24:23", "text": "there seems to be a jump ball 50/50 whether they're going to cut rates or or not cut rates in December, but you hear"}, {"start": "00:24:23", "end": "00:24:31", "text": "Bessant, you see you hear you like they're all out on television talking about Q1, Q2, Q3 next year. What they're"}, {"start": "00:24:31", "end": "00:24:36", "text": "not saying is midterms are coming. Um and I think that there's a general belief in the market that these guys are"}, {"start": "00:24:36", "end": "00:24:42", "text": "going to run this thing incredibly hot. The Atlanta Fed uh Fed Now number, I think it's like 4.2%."}, {"start": "00:24:42", "end": "00:24:48", "text": "How do you think about the jobs data and the December rate cut with the backdrop of midterms being, you know, a year"}, {"start": "00:24:48", "end": "00:24:54", "text": "away? This still gets back into the fact I"}, {"start": "00:24:54", "end": "00:24:59", "text": "don't expect the jobs market to um get significantly worse. I also don't expect"}, {"start": "00:24:59", "end": "00:25:05", "text": "it to get better and I do expect inflation to come down. So this is where"}, {"start": "00:25:05", "end": "00:25:11", "text": "we keep talking about the labor market, but what Powell said in Jackson Hole was"}, {"start": "00:25:11", "end": "00:25:18", "text": "that although they believe inflation will continue to air on the upside, they realize how dangerous it is to fall"}, {"start": "00:25:18", "end": "00:25:24", "text": "behind on the labor market. And that's really to me the critical part. Anyone who is hawkish on the Fed to drive back"}, {"start": "00:25:24", "end": "00:25:30", "text": "down the probability of a rate cut in December has been focused on the"}, {"start": "00:25:30", "end": "00:25:36", "text": "inflation side of the teeter totter. And the people that are more dovish have are focusing on the K-shaped economy and the"}, {"start": "00:25:36", "end": "00:25:41", "text": "labor side. I eventually think the labor side will win because AI will be"}, {"start": "00:25:41", "end": "00:25:48", "text": "deflationary and at the same time it will be not good for jobs. And I can say this time and time again, but if you"}, {"start": "00:25:48", "end": "00:25:54", "text": "have gas at the pump not moving higher, and we've been sitting below three and a quarter and gas at the pump pretty much"}, {"start": "00:25:54", "end": "00:26:00", "text": "all year since we got down here, and we're still around $3 right now. When you have wages that are coming down, but"}, {"start": "00:26:00", "end": "00:26:06", "text": "most importantly, and I highlighted this last week, the wages at the lower end"}, {"start": "00:26:06", "end": "00:26:11", "text": "are continue to fall more. And in an election year, like you said, midterms,"}, {"start": "00:26:11", "end": "00:26:17", "text": "this is going to be critical. But I also think for the Fed, they can't ignore it. So when you have wages going down and"}, {"start": "00:26:17", "end": "00:26:23", "text": "you have oil not spiking and gas at the pump not up. The only other thing left for me where inflation could surprise us"}, {"start": "00:26:23", "end": "00:26:28", "text": "on the upside is if we had a strong housing market. We don't have a strong housing market and we have owners"}, {"start": "00:26:28", "end": "00:26:36", "text": "equivalent rent which is coming down. So what else do people need to see on the inflation side to not realize that what"}, {"start": "00:26:36", "end": "00:26:42", "text": "AI is doing to inflation is not just the hey it's deflationary. We're going to lower drug prices. We're going to lower"}, {"start": "00:26:42", "end": "00:26:48", "text": "education prices. We're going to lower all of that. All well and good. The main thing that it's hurting is it's hurting"}, {"start": "00:26:48", "end": "00:26:56", "text": "the ability for people to have a job, the ability for people to think that they're going to be able to actually uh"}, {"start": "00:26:56", "end": "00:27:01", "text": "grow their wealth over time because they're capped kind of on the upside at these jobs because if AI doesn't get"}, {"start": "00:27:01", "end": "00:27:07", "text": "them today, it'll get them in the future. That's why confidence is so low. I can't remember a time in history where"}, {"start": "00:27:07", "end": "00:27:14", "text": "people were talking about inflation and I just don't see it happening. And we're the only country in the world that still"}, {"start": "00:27:14", "end": "00:27:19", "text": "is even really focused on this at this point except for Japan. And Japan has a very different story. And for people"}, {"start": "00:27:19", "end": "00:27:26", "text": "that are talking about their bond market and stuff, Japan actually has their short-term rates way below inflation. We"}, {"start": "00:27:26", "end": "00:27:32", "text": "actually still have our rates above where I think inflation is and we should be lowering. So, I'm going to continue"}, {"start": "00:27:32", "end": "00:27:37", "text": "to believe that we'll air on the side of them cutting and even for the December meeting. We did get payroll data"}, {"start": "00:27:37", "end": "00:27:44", "text": "yesterday. Uh, and it was slightly better than expected. We revised down the prior month stuff. So, we're"}, {"start": "00:27:44", "end": "00:27:49", "text": "starting to trickle through, but New York Fed Williams came out this"}, {"start": "00:27:49", "end": "00:27:55", "text": "morning and basically said he's airing on the side of the labor side. I think the labor is the most important concept."}, {"start": "00:27:55", "end": "00:28:02", "text": "And I think whether it takes another month or two, I think the deflationary pressures will start to show up and inflation will not be an issue. Today's"}, {"start": "00:28:02", "end": "00:28:07", "text": "episode is brought to you by Bitizenship. Italy now has one of the most compelling residency pathways in"}, {"start": "00:28:07", "end": "00:28:14", "text": "Europe. And Bitisenship just built the Bitcoin native way to access it. It's called the Bitcoin Doulce Visa. With a"}, {"start": "00:28:14", "end": "00:28:20", "text": "250K equity investment into Bitisenship Italia, a Milanbased Bitcoin startup,"}, {"start": "00:28:20", "end": "00:28:27", "text": "you can qualify for Italy's investor visa with Bitcoin exposure. Here's the best part. The Visa gets approved first,"}, {"start": "00:28:27", "end": "00:28:34", "text": "and you invest only after authorization. The company runs a Bitcoin aligned treasury, non-custodial L2 staking, and"}, {"start": "00:28:34", "end": "00:28:39", "text": "offers 24-month redemption windows. Go to bitizenship.com/p"}, {"start": "00:28:39", "end": "00:28:44", "text": "and book a free strategy call today. That's bitizenship.com/p."}, {"start": "00:28:44", "end": "00:28:50", "text": "Today's episode is brought to you by Arch Public. As markets shift, headlines break, and interest rates swing, one"}, {"start": "00:28:50", "end": "00:28:56", "text": "thing stays true. Opportunity is everywhere. At Arch Public, they help you do more than just buy and hold. Yes,"}, {"start": "00:28:56", "end": "00:29:03", "text": "their dynamic accumulation algorithms are built for long-term investors. But where they really shine, their arbitrage"}, {"start": "00:29:03", "end": "00:29:09", "text": "algos designed to farm volatility and turbocharge your core positions. The best part of Arch Public's products is"}, {"start": "00:29:09", "end": "00:29:15", "text": "they're free. Yeah, you heard that right. Try Arch Public for free. Take advantage of wild moves and assets like"}, {"start": "00:29:15", "end": "00:29:20", "text": "Salana, Sooie, and Doge, and use them to stack more Bitcoin completely hands-free. Arch Public is already a"}, {"start": "00:29:20", "end": "00:29:26", "text": "preferred partner with Coinbase, Kraken, Gemini, and Robin Hood, and their team is here to help you build smarter in any"}, {"start": "00:29:26", "end": "00:29:34", "text": "market. Visit Arch Public today at archpub.com, and your portfolio will thank you."}, {"start": "00:29:34", "end": "00:29:40", "text": "When we think about um optimism, when will this be over? What are the"}, {"start": "00:29:40", "end": "00:29:45", "text": "catalysts for the reversal? Jobs data being a little bit better, that feels like that could be uh one of them."}, {"start": "00:29:45", "end": "00:29:50", "text": "Inflation being lower, that feels like that could be one of them. potentially a rate cut could be another data point"}, {"start": "00:29:50", "end": "00:29:56", "text": "like what what are the things that you're looking for where you can have confidence of okay we we could be"}, {"start": "00:29:56", "end": "00:30:01", "text": "reversing so that I think next year is going to be"}, {"start": "00:30:01", "end": "00:30:09", "text": "a much much better year for confidence than this year and again this gets back into my argument and I've said it now"}, {"start": "00:30:09", "end": "00:30:14", "text": "for 5 months um PMIs are going higher we're going to have a broadening out in"}, {"start": "00:30:14", "end": "00:30:20", "text": "the winners uh I'll be highlighting a lot of in this weekend's video that just shows"}, {"start": "00:30:20", "end": "00:30:26", "text": "that like Goldman Sachs estimates for Russell 2000 earnings for next year. I"}, {"start": "00:30:26", "end": "00:30:32", "text": "mean, people have to start paying attention to the fact that between the rate cuts and the fact that you can make"}, {"start": "00:30:32", "end": "00:30:38", "text": "the argument we're still coming out of a recession. If PMIs go higher, a lot of companies will be coming out of a"}, {"start": "00:30:38", "end": "00:30:43", "text": "three-year recession. And part of coming out of a recession, and I I think this"}, {"start": "00:30:43", "end": "00:30:49", "text": "gets back to coming out of the great financial crisis, it's not about things getting better. It's the second"}, {"start": "00:30:49", "end": "00:30:55", "text": "derivative. It's actually about things getting less worse. Once things start ticking up, you start getting revisions"}, {"start": "00:30:55", "end": "00:31:01", "text": "going higher. And earnings revisions are still moving higher. It doesn't get talked about that often, but really over"}, {"start": "00:31:01", "end": "00:31:08", "text": "the last 15 years, there's very very um little time where we actually see earnings revisions going higher with the"}, {"start": "00:31:08", "end": "00:31:14", "text": "consistency that they are now. It's been about 20 weeks where they've consistently been moving higher. And"}, {"start": "00:31:14", "end": "00:31:20", "text": "that's across, you know, the stock market. That is not just technology. That is not just AI, which means more"}, {"start": "00:31:20", "end": "00:31:25", "text": "and more companies are starting to say their earnings the following year are going to be better. And sometimes that"}, {"start": "00:31:25", "end": "00:31:31", "text": "can just happen through cost cutting. that can just happen from running your business is more efficient after uh"}, {"start": "00:31:31", "end": "00:31:36", "text": "Nvidia came out. I I mean I hate to tell people we're we have all-time highs for"}, {"start": "00:31:36", "end": "00:31:43", "text": "profit margins now. So Michael Bur put out another comment this week along with Jeff Gunlack and and they're both"}, {"start": "00:31:43", "end": "00:31:49", "text": "calling AI overblown and a bubble and they're giving all their examples. They're just wrong. I mean I don't know"}, {"start": "00:31:49", "end": "00:31:54", "text": "how to say it. They're wrong. This is not a bubble. This is not 1999. I said"}, {"start": "00:31:54", "end": "00:32:01", "text": "it last week on your show. I've said it on mine. I'm going to say it again. The 5 years leading into n into 2000 when we"}, {"start": "00:32:01", "end": "00:32:07", "text": "actually had a dot bubble, the NDX was up 800%."}, {"start": "00:32:07", "end": "00:32:14", "text": "The last 5 years to today, we're up 100% in NDX. So, it was eight"}, {"start": "00:32:14", "end": "00:32:20", "text": "times as as big a move. And Cisco is trading at over 100 PE. We still have"}, {"start": "00:32:20", "end": "00:32:26", "text": "Nvidia growing earnings and revenues are up 60 plus% from where they were a year ago. And just so people hear the"}, {"start": "00:32:26", "end": "00:32:35", "text": "numbers, their most recent quarter and their estimates going forward are over $60 billion in a quarter. I mean,"}, {"start": "00:32:35", "end": "00:32:41", "text": "there's just not a lot of companies inside the S&P 500 that are bigger than the revenues that they make on an"}, {"start": "00:32:41", "end": "00:32:46", "text": "annualized basis at over 200 billion. So, this is not a bubble. AI is the most"}, {"start": "00:32:46", "end": "00:32:51", "text": "powerful thing I've ever been involved in. And for people that say it's overblown, I'll say it again. Eli Liy's"}, {"start": "00:32:51", "end": "00:32:58", "text": "been up again this week. I talked about it last week. We are on the cusp of curing all diseases. It was all over the"}, {"start": "00:32:58", "end": "00:33:04", "text": "podcast I listened to this week. Pay your pay attention to the things that really matter. If you're at a point"}, {"start": "00:33:04", "end": "00:33:09", "text": "we're curing cancer, I want you to go into your chat GBT after this interview is over and I want you to type in what"}, {"start": "00:33:09", "end": "00:33:15", "text": "would the stock market do if we cured cancer and see what result you get. When"}, {"start": "00:33:15", "end": "00:33:21", "text": "I think about a narrative my smartest friends are talking about but has not yet hit the mainstream kind of retail"}, {"start": "00:33:21", "end": "00:33:27", "text": "investor community, it is the introduction of leverage and debt by"}, {"start": "00:33:27", "end": "00:33:34", "text": "these companies. We've seen the hyperscalers go from using free cash flow to now starting to add debt. We"}, {"start": "00:33:34", "end": "00:33:40", "text": "have seen some of the uh AI infrastructure companies start to add quite a bit of debt. we have seen things"}, {"start": "00:33:40", "end": "00:33:46", "text": "playing out in the private credit market uh both in terms of some of these companies trying to do certain types of"}, {"start": "00:33:46", "end": "00:33:52", "text": "deals but also just like an explosion there. Can you talk about the introduction of you know uh credit"}, {"start": "00:33:52", "end": "00:33:57", "text": "leverage debt etc but also what's going on in private credit."}, {"start": "00:33:57", "end": "00:34:03", "text": "Yeah, this is an important point and so when you hear me drone on and I'll use the word drone on because I'll just keep"}, {"start": "00:34:03", "end": "00:34:09", "text": "saying AI AI AI. Um, you always have to remember this message that I have. I'm"}, {"start": "00:34:09", "end": "00:34:14", "text": "more bullish on international stocks than I am on US stocks only because of"}, {"start": "00:34:14", "end": "00:34:20", "text": "the waiting that there is towards companies built on code. So, I just want to remind people on this because it's"}, {"start": "00:34:20", "end": "00:34:28", "text": "really important. Like the S&P is up 11% this year. The Brazil market used EWZ,"}, {"start": "00:34:28", "end": "00:34:35", "text": "the ETF on it. Um, it's up over 30% this year. It was up over 40%. Uh Europe is"}, {"start": "00:34:35", "end": "00:34:41", "text": "still for the most part, depending on which market you look at, outperforming. The Hang Sang is up over 25% this year."}, {"start": "00:34:41", "end": "00:34:48", "text": "Uh global markets are going to outperform because they're seeing a rerating happen"}, {"start": "00:34:48", "end": "00:34:53", "text": "because they will benefit more from artificial intelligence than the Mag 7"}, {"start": "00:34:53", "end": "00:35:00", "text": "will. And if the Mag Seven to me, everyone thinks they're going to benefit. I really am in the camp that I"}, {"start": "00:35:00", "end": "00:35:05", "text": "don't think they're going to be able to get the revenues to justify what's happening. But as I've said, these guys"}, {"start": "00:35:05", "end": "00:35:10", "text": "are in a race in a lot of cases of history. Think of them more as, you"}, {"start": "00:35:10", "end": "00:35:16", "text": "know, presidents in their final term. We have four years left before they believe"}, {"start": "00:35:16", "end": "00:35:21", "text": "we're going to hit AGI. So they want to be the ones to get there first. That's what they want. That's their legacy."}, {"start": "00:35:21", "end": "00:35:29", "text": "Curing cancer. Demisabis, all of them talk about this or at least the majority of them do. Zuckerberg did"}, {"start": "00:35:29", "end": "00:35:35", "text": "an interview about curing all diseases where he took his 2100 forecast down to 2030. Like when you get through this,"}, {"start": "00:35:35", "end": "00:35:42", "text": "they want to cure this. They want to be the ones to go through it. And even Sam Alman who's trying to win the consumer"}, {"start": "00:35:42", "end": "00:35:47", "text": "game, he talks about curing diseases. So I think these guys are going to spend"}, {"start": "00:35:47", "end": "00:35:53", "text": "themselves into problems, but not the kind of problems that people are saying. There's a difference between their"}, {"start": "00:35:53", "end": "00:36:00", "text": "multiples not being justified at the levels they are where they never get the revenues and that the beneficiaries bene"}, {"start": "00:36:00", "end": "00:36:05", "text": "they benefit through democratization of intelligence. And that's why I think small cap stocks people are"}, {"start": "00:36:05", "end": "00:36:12", "text": "underestimating not the fact that they're going to solve their problems but if you can grow in any way your"}, {"start": "00:36:12", "end": "00:36:18", "text": "earnings over the course of next year and there's a multiple rerating on cheap stocks which is what has happened in"}, {"start": "00:36:18", "end": "00:36:25", "text": "Europe this year and happened in Asia. In Brazil, you still have singledigit pees versus the mag 7. So, I do believe"}, {"start": "00:36:25", "end": "00:36:30", "text": "that the debt they're taking, it is justified to be worried about it, but not for the market to go down, not for"}, {"start": "00:36:30", "end": "00:36:35", "text": "the economy to go down, not for junk spreads to go down. This is not big enough for that. But I don't think"}, {"start": "00:36:35", "end": "00:36:41", "text": "they're going to get the revenues, which means they're going to see their multiple compress. And remember, they didn't have to take any debt to"}, {"start": "00:36:41", "end": "00:36:49", "text": "cannibalize the world's revenues. The unwind is going to be that their rerating of their multiples to me will"}, {"start": "00:36:49", "end": "00:36:54", "text": "come down over the course of the next 5 years and that the beneficiaries will be the companies that are able to use AI"}, {"start": "00:36:54", "end": "00:37:00", "text": "and grow their businesses. Now in terms of the private markets, one thing I I"}, {"start": "00:37:00", "end": "00:37:06", "text": "just think this market was completely mispriced. I had heard for years when I would go out and market my own fund and"}, {"start": "00:37:06", "end": "00:37:11", "text": "talk to them when I started hearing things like, \"Well, we really like private credit and private equity and"}, {"start": "00:37:11", "end": "00:37:18", "text": "and VC because there's no marktomarket.\" That was the the reason that people wanted those over hedge funds and over"}, {"start": "00:37:18", "end": "00:37:24", "text": "kind of the equity market. It's also the negative that people would have for Bitcoin. Like, I can't have anything that's that volatile. So, I want"}, {"start": "00:37:24", "end": "00:37:30", "text": "something that basically goes up 10% a year and I don't have any marktomarket risk. So now that stuff's all being"}, {"start": "00:37:30", "end": "00:37:35", "text": "marked down and I think that's going to remain an overhang until tokenization comes where you can clear the market"}, {"start": "00:37:35", "end": "00:37:41", "text": "otherwise it's kind of price discovery where no seven buyers you need to have price discovery with 8 billion buyers"}, {"start": "00:37:41", "end": "00:37:47", "text": "and I think we'll have that once tokenization starts on the private private credit side. Um so I understand"}, {"start": "00:37:47", "end": "00:37:55", "text": "the LP argument what about from a uh a borrower standpoint like this is more"}, {"start": "00:37:55", "end": "00:38:02", "text": "capital that was available. it created competition in the market, right? There's like these benefits as to why somebody would want this. Um, do you"}, {"start": "00:38:02", "end": "00:38:08", "text": "have any thoughts in terms of, you know, from a borrower perspective, private credit, and like will this hurt will"}, {"start": "00:38:08", "end": "00:38:15", "text": "this, you know, slow down some of the development or or maybe R&D in in some of these companies?"}, {"start": "00:38:15", "end": "00:38:21", "text": "I the loans are still going to be made. Um, I I I think the private credit"}, {"start": "00:38:21", "end": "00:38:26", "text": "market really grew because the banks weren't allowed to lend. So now the banks are going to start lending. um"}, {"start": "00:38:26", "end": "00:38:32", "text": "you're still going to have the ability to borrow money if you have good business. I mean, that's just the fact. You're going to have uh an ability to do"}, {"start": "00:38:32", "end": "00:38:38", "text": "that. What I do think is that AI is going to have to be a part of those new businesses. And this gets back into the"}, {"start": "00:38:38", "end": "00:38:45", "text": "point of I think the game of of extending people for long periods of time, kicking the can down the road in"}, {"start": "00:38:45", "end": "00:38:51", "text": "lending. I don't think that's going to be doable anymore because I don't think these problems are going to go away quickly. I think the reason we're having"}, {"start": "00:38:51", "end": "00:38:59", "text": "these credit problems is very simple. We have a K-shaped economy and the K-shaped has bigger numbers than the top end. So"}, {"start": "00:38:59", "end": "00:39:07", "text": "there's no other way around it. Um this is healthy. I mean I hate to say this to people but everyone um in the macro"}, {"start": "00:39:07", "end": "00:39:14", "text": "level complained for years that we weren't allowing recessions to happen. And they were saying that"}, {"start": "00:39:14", "end": "00:39:20", "text": "because you're allowing the zombies to survive. I don't think the zombies are going to survive anymore. And there's"}, {"start": "00:39:20", "end": "00:39:26", "text": "two ways to let that implode. One is the historical credit contagion where lending is shut off because no one"}, {"start": "00:39:26", "end": "00:39:31", "text": "trusts anyone. And then there's the well, let's let them go out of business over the course of 5 years, 100 a month,"}, {"start": "00:39:31", "end": "00:39:38", "text": "as opposed to 12,000 trying to go out out of business in one month through pulling the lending. So, I think what's"}, {"start": "00:39:38", "end": "00:39:43", "text": "going to happen is um it's going to be a slow period of kind of getting through"}, {"start": "00:39:43", "end": "00:39:50", "text": "the bad situation, the bad credits. And guess what, guys? Um, in 2023"}, {"start": "00:39:50", "end": "00:39:55", "text": "we had another private market issue. It was commercial real estate and everyone thought commercial real estate was going"}, {"start": "00:39:55", "end": "00:40:01", "text": "to take down the world. And guess what's happening? A lot of you just go into X. Hey, this building in New Orleans sold"}, {"start": "00:40:01", "end": "00:40:07", "text": "down 90%. Hey, this building in Chicago was down 90%. It didn't take the economy"}, {"start": "00:40:07", "end": "00:40:12", "text": "down. It didn't do anything. And the size of the commercial real estate market is much bigger than the private"}, {"start": "00:40:12", "end": "00:40:18", "text": "credit market. I think the numbers in the private credit market that Jeff Gunlock referenced were 1.7 trillion. I"}, {"start": "00:40:18", "end": "00:40:24", "text": "mean, we got a $30 trillion economy now, guys. That's that's that's not a a a big"}, {"start": "00:40:24", "end": "00:40:30", "text": "number to be focused on. The subprime situation was probably an equatable number, but the overall mortgage number"}, {"start": "00:40:30", "end": "00:40:37", "text": "was much bigger. And so, when people extrapolate private credits into subprime, I I think there's a valid"}, {"start": "00:40:37", "end": "00:40:42", "text": "situation there relative to the economy size. But then the contagion needs to spread. And I will remind you, junk"}, {"start": "00:40:42", "end": "00:40:48", "text": "spreads have not moved out at all. So there's a big difference between private credit markets where there's no"}, {"start": "00:40:48", "end": "00:40:55", "text": "transparency and kind of the corporate junk bond market which still has not moved. I um recently uh was talking with"}, {"start": "00:40:55", "end": "00:41:02", "text": "one of the larger um real estate like commercial real estate or office real estate owners in Manhattan and they told"}, {"start": "00:41:02", "end": "00:41:09", "text": "me that uh all of the class A real estate on Park Avenue completely filled."}, {"start": "00:41:09", "end": "00:41:15", "text": "They're like there's like nothing, right? They're like, \"You can push out, you know, east or west and and maybe find more stuff there.\" Um cuz I was"}, {"start": "00:41:15", "end": "00:41:24", "text": "asking them, you know, did people come back? Are they going back into the office? Are they taking space? They're like class A full. And so again, there's"}, {"start": "00:41:24", "end": "00:41:29", "text": "obviously, you know, certain pockets of cities or or uh kind of inventory that"}, {"start": "00:41:29", "end": "00:41:34", "text": "is still um you know uh in a bad spot. But I think to your point about commercial real estate like it has come"}, {"start": "00:41:34", "end": "00:41:41", "text": "back pretty strong. Now private credit, you know, we'll see what happens. But it does not feel like that is actually the"}, {"start": "00:41:41", "end": "00:41:46", "text": "thing that people are publicly talking about. Like it doesn't feel like that's driving fear. The AI bubble and you know"}, {"start": "00:41:46", "end": "00:41:52", "text": "kind of the the retail names and and those are the things that people are paying attention to more mainly because those are the things that have marked to"}, {"start": "00:41:52", "end": "00:41:58", "text": "market as well, right? The exact reason why the LPs were buying it or the reason why people aren't worried about it because it's kind of they don't see it."}, {"start": "00:41:58", "end": "00:42:05", "text": "It's behind the curtain to a degree what those issues are. Um so I don't know. Yeah. You know what's funny is they"}, {"start": "00:42:05", "end": "00:42:12", "text": "talked about this um Jason Calcanis talked about this on the All-In podcast last weekend about how important it is"}, {"start": "00:42:12", "end": "00:42:18", "text": "for the the good stuff to come online"}, {"start": "00:42:18", "end": "00:42:23", "text": "and that if you have more supply of class A stuff, the one thing that's happening is then people are leaving the"}, {"start": "00:42:23", "end": "00:42:30", "text": "garbage stuff and they're going into the class A stuff. Well, what happens is that lowers the price of the garbage"}, {"start": "00:42:30", "end": "00:42:35", "text": "stuff and it forces the people that buy those things then to get more amenities"}, {"start": "00:42:35", "end": "00:42:40", "text": "and increase the value and the appearance and actually invest money into it. So again, part of what has to"}, {"start": "00:42:40", "end": "00:42:46", "text": "go on in a recession is you're out with the old and the garbage and the zombies that were there. Someone else buys them"}, {"start": "00:42:46", "end": "00:42:52", "text": "who has the money and they fix them up and they turn them into at least class B or something a little bit lower. And"}, {"start": "00:42:52", "end": "00:42:58", "text": "that's the way that a recession actually ends up being something good. It's the one thing that people just don't realize"}, {"start": "00:42:58", "end": "00:43:04", "text": "and I think because again I've I've thought about this for a long time. Our lives get better with innovation no"}, {"start": "00:43:04", "end": "00:43:10", "text": "matter what. Meaning to go from rabbit ears growing up having to like look at"}, {"start": "00:43:10", "end": "00:43:17", "text": "TV that I couldn't see and now being at this unbelievable time where you can see the sweat on the actors as they're"}, {"start": "00:43:17", "end": "00:43:25", "text": "talking or the people on stage. like we continue to have innovation that's going and the scary thing is curing cancer,"}, {"start": "00:43:25", "end": "00:43:31", "text": "flying cars from Manhattan to to JFK, uh humanoids, all of this stuff is coming"}, {"start": "00:43:31", "end": "00:43:38", "text": "in the next 5 years, the amount of breathtaking things that will happen in the next 5 years. And the S&P 500 at the"}, {"start": "00:43:38", "end": "00:43:44", "text": "end of the day is just a representation of the innovation that happens. And so this is what's going to drive things."}, {"start": "00:43:44", "end": "00:43:50", "text": "And I think for Bitcoin and for people that are focused on altcoins, yes, from a trading perspective, it's been bad."}, {"start": "00:43:50", "end": "00:43:56", "text": "I've lost money. This has not been fun. I wake up every day and I go, \"Okay, here we're in for another battle.\" But"}, {"start": "00:43:56", "end": "00:44:02", "text": "I've been through enough of these battles to realize that when it feels this bad and there literally is no hope"}, {"start": "00:44:02", "end": "00:44:07", "text": "and I'm getting signs of really intelligent people calling me scared to death, I just increase the amount of"}, {"start": "00:44:07", "end": "00:44:13", "text": "things that I believe in in the long term to put money into. I was doing that with Nvidia and Micron during Liberation"}, {"start": "00:44:13", "end": "00:44:19", "text": "Day. They're not falling that much right now. The only thing in my mind as an innovation that's falling that I believe"}, {"start": "00:44:19", "end": "00:44:24", "text": "in that five years from now Tesla's come back down to levels that I think are fantastic. And I also believe Bitcoin's"}, {"start": "00:44:24", "end": "00:44:30", "text": "come down to levels that are fantastic. Jordy, we should tell people next week"}, {"start": "00:44:30", "end": "00:44:36", "text": "we got bad news for everybody. We are not going to do this next week. We're going we're going to take a week off. Jordy doesn't really take time off. I"}, {"start": "00:44:36", "end": "00:44:41", "text": "don't take time off, but Thanksgiving, Jordan and I have both agreed that we're not going to do this on uh Friday and"}, {"start": "00:44:41", "end": "00:44:47", "text": "Saturday of of Thanksgiving or spend time with our families. So, uh you guys are going to miss us. Hopefully, nothing"}, {"start": "00:44:47", "end": "00:44:53", "text": "happens between now and two weeks from now. Uh but let's see. We're going to see what"}, {"start": "00:44:53", "end": "00:44:59", "text": "happens. Um but I appreciate you taking the time to do this. Uh where can we send people to uh find the video every"}, {"start": "00:44:59", "end": "00:45:05", "text": "single week that you put out on Sunday mornings? YouTube on Jisser Labs. Uh, and I do"}, {"start": "00:45:05", "end": "00:45:11", "text": "want to say I'm a big holiday person in terms of like reflection, thinking about"}, {"start": "00:45:11", "end": "00:45:17", "text": "the year. Uh, I really do I I'm I'm very family oriented in that aspect of I like"}, {"start": "00:45:17", "end": "00:45:22", "text": "the holiday season. I kind of like the feel. I did run the main for Thanksgiving, but I'll be back for for"}, {"start": "00:45:22", "end": "00:45:28", "text": "for the holidays. But thank you to you. I mean, I've had a great time doing this. We're going to be doing this for"}, {"start": "00:45:28", "end": "00:45:34", "text": "hopefully a long long time and enjoying the ride and going through the ups and downs. And thank you to everyone who tunes in every week. You guys have been"}, {"start": "00:45:34", "end": "00:45:42", "text": "great. So, well, um I I appreciate that. I think people appreciate it. One thing I will say, I'm locked in a eternal battle with"}, {"start": "00:45:42", "end": "00:45:47", "text": "my wife. She tries to put the Christmas tree up after Halloween. And I tell her,"}, {"start": "00:45:47", "end": "00:45:53", "text": "you like, listen, there's another holiday. You you you can't like ignore another holiday. It should be illegal to"}, {"start": "00:45:53", "end": "00:45:58", "text": "put your Christmas tree up. So, anyone out there, if uh if your husband or wife is putting the Christmas tree up before"}, {"start": "00:45:58", "end": "00:46:05", "text": "Thanksgiving, you should uh you know, you let me know. will in solidarity kind of fight the uh it's a holiday crime."}, {"start": "00:46:05", "end": "00:46:10", "text": "You can't do that. You got to wait. You got to have Thanksgiving and then you can do the day after Thanksgiving."}, {"start": "00:46:10", "end": "00:46:18", "text": "All right. Well, we'll talk again in two weeks, Jordy. All right. Have a great Thanksgiving, guys. And you too, Matt. Thank you."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "We know there's a lot of bad news. We know sentiment is, you know, kind of in the toilet and people are very uh worried. Is there anything you point to"}, {"start": "00:00:06", "end": "00:00:13", "text": "that's like, hey, this is actually giving me some hope. One area of hope is that"}, {"start": "00:00:13", "end": "00:00:19", "text": "it shows Bitcoin has shown still a little more resiliency and in intraday price move I can tell away from other"}, {"start": "00:00:19", "end": "00:00:27", "text": "risk assets. The question is like what's a black swan event for Bitcoin upside? A black swan event for Bitcoin upside."}, {"start": "00:00:27", "end": "00:00:32", "text": "What's going on guys? Today we got a great episode with Jeff Park. Jeff is a partner and chief investment officer at"}, {"start": "00:00:32", "end": "00:00:37", "text": "Procap BTC. In this conversation, we talk about Bitcoin. Why is the price going down? Are we headed toward a bare"}, {"start": "00:00:37", "end": "00:00:43", "text": "market? What would actually be the actual positive thing if Bitcoin's price ended up a little bit negative on the"}, {"start": "00:00:43", "end": "00:00:49", "text": "year? What would it take for Bitcoin to go right back to 125, 130, 140, 150? And also, how are we thinking about things"}, {"start": "00:00:49", "end": "00:00:55", "text": "like the geopolitical situation, Japan, China, and elsewhere around the world? All that much more in this week's"}, {"start": "00:00:55", "end": "00:01:00", "text": "conversation with Jeff Park. All right, Jeff. The price of Bitcoin is down. People are very worried. Are you worried? And what do you think's going"}, {"start": "00:01:00", "end": "00:01:06", "text": "on? Well, it's definitely a little nerving. I think we was maybe two or three weeks ago when we first talked about maybe"}, {"start": "00:01:06", "end": "00:01:13", "text": "having to reset expectations for price action to expect after the incredible liquidation event on October 10th. Uh"}, {"start": "00:01:13", "end": "00:01:19", "text": "the truth of the matter is I still believe there is a lot of unknowns for the risk sentiment since that event. I"}, {"start": "00:01:19", "end": "00:01:25", "text": "do believe October 10th was pretty cataclysmic in the psychological effects"}, {"start": "00:01:25", "end": "00:01:31", "text": "it's had on retail investors, but also general um long-term perspectives on what it really means to have an"}, {"start": "00:01:31", "end": "00:01:37", "text": "institutional crypto marketplace that otherwise might not be functioning the way people had hoped it to be. Um so"}, {"start": "00:01:37", "end": "00:01:42", "text": "these are, you know, big questions philosophically that still remain open-ended. Um, and every now and then"}, {"start": "00:01:42", "end": "00:01:48", "text": "you still hear about market makers that potentially still may be insolvent that uh could come unearthed that is"}, {"start": "00:01:48", "end": "00:01:54", "text": "preventing risk-taking from happening. So, I think we're still living through it and I think uh this week more than uh"}, {"start": "00:01:54", "end": "00:02:00", "text": "others prior has shown you um what crypto really can be at times, which is"}, {"start": "00:02:00", "end": "00:02:06", "text": "that it's a trend asset, right? I think we've talked about before. I don't tell people that Bitcoin is a value asset at"}, {"start": "00:02:06", "end": "00:02:13", "text": "some level because value means you buy low and sell high, but Bitcoin is not a buy low, sell high asset. It's a buy"}, {"start": "00:02:13", "end": "00:02:18", "text": "high and sell higher asset, which means you have to buy it in the momentum when there's a breakout. and trend signal"}, {"start": "00:02:18", "end": "00:02:24", "text": "breakouts is exactly how the market moves. When you saw the gap through the 100k floor, I think many then would have"}, {"start": "00:02:24", "end": "00:02:30", "text": "anticipated that we are going to be in a bare market trajectory. We are now of course seeing that in the 90k range. I"}, {"start": "00:02:30", "end": "00:02:38", "text": "think last night it even dipped below 90k. Um and so we're full swing in that mode of uh of either disappointing panic"}, {"start": "00:02:38", "end": "00:02:44", "text": "or uncertainty to come. Um, at the same time, look, anyone who's lived through"}, {"start": "00:02:44", "end": "00:02:51", "text": "these cycles know this is part of their right of passage. And so eventually, there will be new buyers and sellers"}, {"start": "00:02:51", "end": "00:02:57", "text": "coming at the marginal price in which they deem the price of Bitcoin to be attractive for risk-taking. At the same time, we have to be patient and realize"}, {"start": "00:02:57", "end": "00:03:03", "text": "that we're right now in this period of great uncertainty, not just in crypto, but global macro at large. And then I'm"}, {"start": "00:03:03", "end": "00:03:10", "text": "reminded of a of a of a famous well-known mantra in the trading community, which is, you know, being"}, {"start": "00:03:10", "end": "00:03:15", "text": "wrong is acceptable, but staying wrong is totally unacceptable. And that's what"}, {"start": "00:03:15", "end": "00:03:20", "text": "we're now seeing at 90K, where people are thinking about rechanging their appetite for portfolio allocations"}, {"start": "00:03:20", "end": "00:03:26", "text": "towards potentially waiting for better entries for Bitcoin. And those things can actually catch a life of its own."}, {"start": "00:03:26", "end": "00:03:32", "text": "And now you see some folks out there who are gunning for as low as 75K. And it's because you have the sentiment in which"}, {"start": "00:03:32", "end": "00:03:39", "text": "you want to be mentally uh agile and intellectually flexible and recognizing again the core statement that I started"}, {"start": "00:03:39", "end": "00:03:44", "text": "with which is that Bitcoin at the is is a trend asset at heart. Now uh one of the things I've been trying to pay"}, {"start": "00:03:44", "end": "00:03:50", "text": "attention to is I usually think all the technical analysis all that stuff is like a game I don't understand. I I you"}, {"start": "00:03:50", "end": "00:03:57", "text": "know pay attention to what people are saying but I don't put a lot of credence because I'm not making decisions based on that stuff. Uh but the CME gap was"}, {"start": "00:03:57", "end": "00:04:03", "text": "something that I saw a lot of people talking about and we went and we touched it and it seems like now Bitcoin is at"}, {"start": "00:04:03", "end": "00:04:10", "text": "least you know kind of flat to slightly up. Do you put a lot of uh you know kind of importance on these types of more"}, {"start": "00:04:10", "end": "00:04:17", "text": "structural or technical analysis type uh things when looking at how Bitcoin trades? Yes, I think because it's such a"}, {"start": "00:04:17", "end": "00:04:22", "text": "technical market, it's absolutely key that looking at the micro structure is"}, {"start": "00:04:22", "end": "00:04:29", "text": "one of the levers in how you can anticipate at least short-term price actions. I make the distinction of knowing short-term price actions versus"}, {"start": "00:04:29", "end": "00:04:37", "text": "long-term um price actions that can be acred from otherwise trend building uh or mean reversion that is happening. But"}, {"start": "00:04:37", "end": "00:04:42", "text": "at the end, leverage drives crypto price and so futures drives uh crypto price"}, {"start": "00:04:42", "end": "00:04:48", "text": "and perpetual futures drive crypto price. And that's why people look at open interest. It's why people look at"}, {"start": "00:04:48", "end": "00:04:54", "text": "different liquidation levels across the perks. And what you have seen consistently more so than the CME"}, {"start": "00:04:54", "end": "00:04:59", "text": "breakouts is that there hasn't really been interest in levered long exposure"}, {"start": "00:04:59", "end": "00:05:06", "text": "since October. Again, it goes back to there is there's not a risk chasing appetite left in the crypto community,"}, {"start": "00:05:06", "end": "00:05:11", "text": "especially amongst the retail professional DGEN community as you would call it, that would actually trade these"}, {"start": "00:05:11", "end": "00:05:17", "text": "um open interest on per. And so when you don't see that lever long stepping in,"}, {"start": "00:05:17", "end": "00:05:22", "text": "but you still do see a lot of the lever shorts kicking in, that imbalance does cause, I think, different kind of"}, {"start": "00:05:22", "end": "00:05:29", "text": "gravitational pools towards where, you know, there's liquidity gaps, right? Because these pers are always liquidated"}, {"start": "00:05:29", "end": "00:05:35", "text": "when they're hit because of the fact that it's meant to be like a tactical positioning. And so the fact that there"}, {"start": "00:05:35", "end": "00:05:41", "text": "isn't anyone stepping in to take lever long gives the shorts more ammo to continue to sell into that pressure. And"}, {"start": "00:05:41", "end": "00:05:47", "text": "it's now been consistently observed. we haven't seen that bid come in and if there's no bid I I mean I think we just"}, {"start": "00:05:47", "end": "00:05:53", "text": "have to expect the price will generally trend a little bit lower now to the point about institutionalizing capital"}, {"start": "00:05:53", "end": "00:06:00", "text": "coming in I think is the bid right so that's why people focus on the ETF flows which obviously has been negative um"}, {"start": "00:06:00", "end": "00:06:05", "text": "it's why people have cared about what's going on corporate treasuries um and it is why people care about kind of"}, {"start": "00:06:05", "end": "00:06:11", "text": "structured products adoption at large in Wall Street that can bring different kinds of Bitcoin adjacent flows uh and"}, {"start": "00:06:11", "end": "00:06:18", "text": "so I think those are the the signals to watch because you do want to get a sense for where the next bid will come in and"}, {"start": "00:06:18", "end": "00:06:25", "text": "it'll probably come from that uh apparatus. My instinct is that there are"}, {"start": "00:06:25", "end": "00:06:31", "text": "folks who still want Bitcoin exposure, but they may have been waiting on the sideline as always to dip their toes in."}, {"start": "00:06:31", "end": "00:06:37", "text": "And it's always a little bit easier when you're able to do it at levels where you know that um it affords you a higher"}, {"start": "00:06:37", "end": "00:06:44", "text": "degree of margin for safety. And the truth is the ETFs have actually been the most resilient holders. If you look at"}, {"start": "00:06:44", "end": "00:06:49", "text": "year date flows across the Bitcoin ETFs, the net inflows versus outflows is"}, {"start": "00:06:49", "end": "00:06:56", "text": "absolutely heroic to these being long-term diamond hands. So I think the next upcycle we'll get will be at the"}, {"start": "00:06:56", "end": "00:07:04", "text": "benefit of these institutional capital that aren't taking leverage. They're taking multi-year views. Uh and for that"}, {"start": "00:07:04", "end": "00:07:10", "text": "we need a little bit of a macro reset as well because those investors are not looking at Bitcoin versus you know Ccash"}, {"start": "00:07:10", "end": "00:07:16", "text": "ETH Salana they're looking at Bitcoin versus gold and Nvidia and uh JGB bonds"}, {"start": "00:07:16", "end": "00:07:23", "text": "and whatever else in that mix of global macro allocations. You uh were at Harvard for a while um recently came out"}, {"start": "00:07:23", "end": "00:07:28", "text": "that their largest position is in Bitcoin. Um, I do think that there's some talk about maybe it's not just like"}, {"start": "00:07:28", "end": "00:07:34", "text": "a spot position and it may be that they're actually using Bitcoin in some sort of short-term trade or something."}, {"start": "00:07:34", "end": "00:07:40", "text": "It just describe a little bit as like how these endowments invest and like should people put a lot of uh importance"}, {"start": "00:07:40", "end": "00:07:46", "text": "and credence on the Harvard uh revelation or is there maybe more to the story that people aren't quite wrapping"}, {"start": "00:07:46", "end": "00:07:52", "text": "their head around? Sure. Sure. So Harvard's a fascinating endowment because the investment model"}, {"start": "00:07:52", "end": "00:07:58", "text": "has changed a variety of times across the tenure of the types of CIOS they've had. Um, when I used to be at the"}, {"start": "00:07:58", "end": "00:08:04", "text": "Harvard Endowment, it was a very dynamic organization where you might almost call"}, {"start": "00:08:04", "end": "00:08:09", "text": "it a millennium style pod model internally uh that happens to be running"}, {"start": "00:08:09", "end": "00:08:15", "text": "a giant balance sheet um where there were active risk trading that was happening with SMA structure types uh"}, {"start": "00:08:15", "end": "00:08:23", "text": "and capital efficiencies to be had. I believe the version that is existing now uh under NARV's leadership is more uh um"}, {"start": "00:08:23", "end": "00:08:29", "text": "conventionally typical of like the Yale endowment model which is allocating capital to third party funds to take"}, {"start": "00:08:29", "end": "00:08:34", "text": "risk. So less um internal balance sheet risk-taking. But for those portions that"}, {"start": "00:08:34", "end": "00:08:40", "text": "they do, my understanding is that they're um fairly tactical and specific"}, {"start": "00:08:40", "end": "00:08:45", "text": "about uh exposures that they think are high sharp ratio or otherwise portfolio"}, {"start": "00:08:45", "end": "00:08:51", "text": "tilts towards asset allocation that they think the beta is more worthwhile than the seeking of alpha. Bitcoin could fit"}, {"start": "00:08:51", "end": "00:08:57", "text": "into that paradigm, right? It probably doesn't pay a lot to um seek alpha for Bitcoin if you think the underlying core"}, {"start": "00:08:57", "end": "00:09:03", "text": "beta of Bitcoin is what you're looking for. At the same time, um it's a great"}, {"start": "00:09:03", "end": "00:09:09", "text": "relative value trade if you could do the long spot versus short futures. And that historically is the trade that the"}, {"start": "00:09:09", "end": "00:09:15", "text": "pensions did on their balance sheet. Um I don't know specifically for Harvards, but my guess is that would be"}, {"start": "00:09:15", "end": "00:09:20", "text": "the same because it is the kind of um risk-free yield that sometimes exists in"}, {"start": "00:09:20", "end": "00:09:26", "text": "cryp crypto episodically where you can take Bitcoin risk in a different direction. That being said, I should"}, {"start": "00:09:26", "end": "00:09:32", "text": "also mention Harvard was an early investor in crypto. Uh they sought it mostly through venture fund exposures,"}, {"start": "00:09:32", "end": "00:09:38", "text": "but they've been in the arena now for almost 10 years. So, they know what they're doing. Um they're clever about a"}, {"start": "00:09:38", "end": "00:09:43", "text": "lot of different ways to access alpha. Uh, and nonetheless, it is still shocking to see that it is the number"}, {"start": "00:09:43", "end": "00:09:49", "text": "one line item because regardless of whether that's directionally long or it's market neutral, what that shows you"}, {"start": "00:09:49", "end": "00:09:57", "text": "is there's great volume and great liquidity and depth to the market that for a $55 billion endowment. This could"}, {"start": "00:09:57", "end": "00:10:02", "text": "actually show up as their top holdings and not cause any issue about liquidity"}, {"start": "00:10:02", "end": "00:10:08", "text": "concerns or um things of that nature that I don't know 5 years ago you"}, {"start": "00:10:08", "end": "00:10:14", "text": "wouldn't have thought it's possible. Today's episode is brought to you by Bitcoin IRA. Are you a crypto investor with a retirement account but don't have"}, {"start": "00:10:14", "end": "00:10:20", "text": "any crypto in that retirement account? Then listen up. This message is for you. Bitcoin IRA is revolutionizing the way"}, {"start": "00:10:20", "end": "00:10:25", "text": "Americans save for retirement. They're helping smart investors diversify their savings with access to over 80"}, {"start": "00:10:25", "end": "00:10:31", "text": "cryptocurrencies. With world-class customer service, militarygrade encryption, and a vertically integrated"}, {"start": "00:10:31", "end": "00:10:37", "text": "licensed trust company, it's no wonder more than 200,000 Americans trust Bitcoin IRA to secure their financial"}, {"start": "00:10:37", "end": "00:10:44", "text": "future. Getting started is quick and easy. It takes just three minutes to open an account. Once you're set up, their team of IRA specialists will reach"}, {"start": "00:10:44", "end": "00:10:49", "text": "out to guide you through every step of the process. Whether you're transferring an IRA from a legacy bank, rolling over"}, {"start": "00:10:49", "end": "00:10:57", "text": "an old 401k, or starting fresh with new contribution, the Bitcoin IRA team is here to help you access real crypto in"}, {"start": "00:10:57", "end": "00:11:04", "text": "your retirement account. And here's the best part. As a pump podcast listener, you can earn up to $1,000 in rewards."}, {"start": "00:11:04", "end": "00:11:12", "text": "All you have to do is add funds to your account. Search for Bitcoin IRA in the app store or visit bitcoinirra.com/pump"}, {"start": "00:11:12", "end": "00:11:19", "text": "and you can join 200,000 Americans on their journey to upgrade their retirement. That's bitcoinirra.com/pump"}, {"start": "00:11:19", "end": "00:11:25", "text": "to upgrade your retirement today. Well, I also think that in the market you now have many different types of players,"}, {"start": "00:11:25", "end": "00:11:31", "text": "right? And everyone is optimizing for something different at times. So you have retail, you now have the institutions in terms of like hedge"}, {"start": "00:11:31", "end": "00:11:37", "text": "funds and traders and kind of like true asset managers. Then you've got what I would consider more like the black rocks"}, {"start": "00:11:37", "end": "00:11:43", "text": "of the world who are doing like uh passive ETF structures. You've got the endowments who may be doing you certain balance sheet things. You have countries"}, {"start": "00:11:43", "end": "00:11:48", "text": "that we've seen come out and say they're buying the ETFs. You have the corporate treasuries. Like there's a lot of ways"}, {"start": "00:11:48", "end": "00:11:56", "text": "to play this market now. And I wonder how much of optionality is fragmenting capital and energy away from spot. And"}, {"start": "00:11:56", "end": "00:12:03", "text": "it's not a perfect analysis because you know if you put a dollar in strategy does that dollar go into Bitcoin? And"}, {"start": "00:12:03", "end": "00:12:08", "text": "well, it may not be 100 cents on the dollar, but there's some portion of it that ends up there. Uh, if somebody buys"}, {"start": "00:12:08", "end": "00:12:15", "text": "the ETF, technically, you know, uh, as close to, you know, 99.9% of it or whatever is going into the uh, spot"}, {"start": "00:12:15", "end": "00:12:21", "text": "bitcoin, but it does feel like just maybe optionality has changed the market dynamic in a way that we haven't had,"}, {"start": "00:12:21", "end": "00:12:26", "text": "you know, pre the ETFs. Yeah, I think there's definitely more choice available"}, {"start": "00:12:26", "end": "00:12:33", "text": "and more choice means different kind of risk segmentations, different kinds of duration segmentations, different kinds"}, {"start": "00:12:33", "end": "00:12:39", "text": "of asset liability segmentations. So all of those in a way um have different spot"}, {"start": "00:12:39", "end": "00:12:44", "text": "beta relative to of course the underlying coin exposure. Um at the same"}, {"start": "00:12:44", "end": "00:12:52", "text": "time I think uh it it creates an awareness that it's"}, {"start": "00:12:52", "end": "00:12:57", "text": "just a very dynamic market where the pin risks for different people's exposures"}, {"start": "00:12:57", "end": "00:13:03", "text": "are going to mature into a way that institutions can understand better than historically what crypto used to"}, {"start": "00:13:03", "end": "00:13:10", "text": "monitor. So again, like before these fancier products existed, all you could really get insight from trading crypto"}, {"start": "00:13:10", "end": "00:13:16", "text": "was looking at exchange volume and the derivatives market and looking at kind of the variety and characteristics of"}, {"start": "00:13:16", "end": "00:13:22", "text": "onchain footprints. And those are kind of the big decision nodes that people would have. But now you do have other"}, {"start": "00:13:22", "end": "00:13:29", "text": "decision nodes that are big players. So for example, strategy does now have a variety of different credit instruments."}, {"start": "00:13:29", "end": "00:13:36", "text": "these credit instruments that are correlated to its Bitcoin acquisition strategies depending on its price which"}, {"start": "00:13:36", "end": "00:13:44", "text": "has coupons associated with it that has implications for the common stock and the flywheel of Micro Strategy's Bitcoin"}, {"start": "00:13:44", "end": "00:13:49", "text": "accumulation engine at this point where volume is not as high right now is"}, {"start": "00:13:49", "end": "00:13:56", "text": "probably more significant than any other things that is happening. When Sailor announced last week he acquired close to"}, {"start": "00:13:56", "end": "00:14:03", "text": "$900 million in Bitcoin, which is one of the bigger purchases in recent memory, that is still the most dominant news"}, {"start": "00:14:03", "end": "00:14:10", "text": "flow in my opinion as to whether there's a physical bid that's real or not in the marketplace. So yes, it looks different,"}, {"start": "00:14:10", "end": "00:14:16", "text": "but ultimately it does channel down into people who want Bitcoin exposure and Bitcoin risk and that does have to come"}, {"start": "00:14:16", "end": "00:14:22", "text": "from somewhere and it usually means that there is somebody buying Bitcoin on the other side of it. Now, what are the"}, {"start": "00:14:22", "end": "00:14:28", "text": "areas of optimism? So, we've seen some whales start to step in and buy a little bit around 89 90K. Are there other"}, {"start": "00:14:28", "end": "00:14:35", "text": "things you're looking at where you're like, \"Okay, we know there's a lot of bad news. We know sentiment is, you know, kind of in the toilet and people are very uh worried.\" Is there anything"}, {"start": "00:14:35", "end": "00:14:43", "text": "you point to that's like, \"Hey, this is actually giving me some hope.\" One area of hope is that"}, {"start": "00:14:43", "end": "00:14:50", "text": "it shows Bitcoin has shown still a little more resiliency in intraday price move I can tell away from other risk"}, {"start": "00:14:50", "end": "00:14:56", "text": "assets. So there's the possibility that in the equity market selloff we might"}, {"start": "00:14:56", "end": "00:15:02", "text": "experience in the quote unquote AI bubble that Bitcoin could still be indifferent to that outcome. Right? So"}, {"start": "00:15:02", "end": "00:15:08", "text": "if we have Palanteer come down 40% from here, which is possible, it's it's it's"}, {"start": "00:15:08", "end": "00:15:14", "text": "not likely to me that is going to be a correlated event with Bitcoin coming down 40% at this point in the cycle. And"}, {"start": "00:15:14", "end": "00:15:19", "text": "so once these correlations break for either lead lag reasons that Bitcoin's"}, {"start": "00:15:19", "end": "00:15:25", "text": "ahead or behind, it gives institutions a little bit more um of an excuse if you"}, {"start": "00:15:25", "end": "00:15:32", "text": "will or uh a desire on the optimistic side to buy Bitcoin because it just behaves differently in the portfolio. So"}, {"start": "00:15:32", "end": "00:15:37", "text": "the no most important thing for the institutional cycle of adoption for Bitcoin is that it needs to behave"}, {"start": "00:15:37", "end": "00:15:44", "text": "differently. It needs to behave differently than your equity book. It needs to behave a little bit differently than gold. And as long as that concept"}, {"start": "00:15:44", "end": "00:15:51", "text": "of some orthogonality exists, then there's a desire for it to be a part of somebody's portfolio. And so, look, it's"}, {"start": "00:15:51", "end": "00:15:56", "text": "bad because, you know, it's not up as much as gold or it's not, you know, as"}, {"start": "00:15:56", "end": "00:16:01", "text": "volatile as Nvidia, but at the end of the day, these things are differentiated characteristics. And I think that means"}, {"start": "00:16:01", "end": "00:16:07", "text": "the long-term bid and the and the tail for that is is ideally higher. So,"}, {"start": "00:16:07", "end": "00:16:15", "text": "that's I think something we could be optimistic about. And the other um thing I would just mention is uh you know,"}, {"start": "00:16:15", "end": "00:16:22", "text": "Bitcoin came down like $35,000 or so in 40 days. If that happens, it means that"}, {"start": "00:16:22", "end": "00:16:29", "text": "Bitcoin can also go up $35,000 in 20 days. It's that that's the kind of asset that Bitcoin is. And so a sentiment"}, {"start": "00:16:29", "end": "00:16:34", "text": "change can be pretty quick and that can be really more of a catalyst if we"}, {"start": "00:16:34", "end": "00:16:40", "text": "thought that it was differentiated exposure. this draw down from uh is about 30% or so, which historically has"}, {"start": "00:16:40", "end": "00:16:46", "text": "been about 30% draw downs multiple times in a bull market. Um I think there's a lot of folks who look and they say,"}, {"start": "00:16:46", "end": "00:16:53", "text": "\"Hey, October 6th was the top. You know, that's kind of the four-year cycle.\" When would you think the four-year cycle"}, {"start": "00:16:53", "end": "00:16:59", "text": "thesis is invalidated? Is it just like we go back to a new all-time high uh before we revisit, you know, kind of"}, {"start": "00:16:59", "end": "00:17:05", "text": "lower than 90 uh or 89,000 or like what would be the trigger point where you're like, \"Okay, we now have like definitive"}, {"start": "00:17:05", "end": "00:17:14", "text": "agreement. Four year cycle's over.\" Yeah. Well, in my mind, the three-ear cycle a fouryear cycle is is is almost"}, {"start": "00:17:14", "end": "00:17:20", "text": "almost definitively over if you consider the fact that what it was based off of"}, {"start": "00:17:20", "end": "00:17:26", "text": "historically, which is the happening is just irrelevant from the additional marginal demand that comes from other"}, {"start": "00:17:26", "end": "00:17:32", "text": "channels that have opened up. So like logically and fundamentally the four-year cycle should no longer exist"}, {"start": "00:17:32", "end": "00:17:37", "text": "and a new cycle should emerge that is more in sync with uh institutional risk"}, {"start": "00:17:37", "end": "00:17:44", "text": "capital appetite. Now the reason it could still exist and I have some room"}, {"start": "00:17:44", "end": "00:17:51", "text": "for it uh is that there is still a big group of investors that believe it"}, {"start": "00:17:51", "end": "00:17:57", "text": "should exist and that group tends to have also been the earliest adopters"}, {"start": "00:17:57", "end": "00:18:03", "text": "and they have these characteristics that almost feel like the occult where they"}, {"start": "00:18:03", "end": "00:18:08", "text": "have prophecies and if you look at still Bitcoin holding across the board Like"}, {"start": "00:18:08", "end": "00:18:14", "text": "let's not forget the biggest Bitcoin uh holders uh in wallets that are 10,000"}, {"start": "00:18:14", "end": "00:18:20", "text": "and plus in size still control a good chunk of the market, right? There's still a third of the Bitcoin market. So"}, {"start": "00:18:20", "end": "00:18:28", "text": "like I never ever ever discount the reality of that um market structure that exists, which is if a third of the"}, {"start": "00:18:28", "end": "00:18:33", "text": "Bitcoin holders believe the four-year cycle is true and they act like the four-year cycle is true, well then it"}, {"start": "00:18:33", "end": "00:18:39", "text": "doesn't really matter because they're the they're the price setters, right? because they control a third of the supply. And so I always have to have a"}, {"start": "00:18:39", "end": "00:18:45", "text": "little bit of room that these things can be self-fulfilling. Um but at the same time like it"}, {"start": "00:18:45", "end": "00:18:51", "text": "shouldn't. Uh and the joke that I think now I've been having in my head is like you know we're below year to date now"}, {"start": "00:18:51", "end": "00:18:57", "text": "right in 2025. And so as we near the end it's possible that we're going to have a"}, {"start": "00:18:57", "end": "00:19:05", "text": "red. And in some sense that breaks the four-ear cycle because now we have a red and so it's a three-ear cycle. And"}, {"start": "00:19:05", "end": "00:19:11", "text": "that'd be crazy. A part of me thinks, man, maybe we do need this red right now so we could have"}, {"start": "00:19:11", "end": "00:19:17", "text": "the ability to unleash the super cycle for Bitcoin to come without ever having to talk about the 4ear cycle again."}, {"start": "00:19:17", "end": "00:19:22", "text": "Because the last thing I want honestly is like have an up 5% year to 2025 where"}, {"start": "00:19:22", "end": "00:19:29", "text": "we close at like 98K or 99K or 100K and that counts as a green year. So, the"}, {"start": "00:19:29", "end": "00:19:34", "text": "next year everyone's going to talk about, okay, this is the down year now and we have to live 2026 with this"}, {"start": "00:19:34", "end": "00:19:40", "text": "harrowing uh weight over your head that we're actually going to have another down year. Uh, so maybe it's just"}, {"start": "00:19:40", "end": "00:19:46", "text": "pulling the band-aid off at this point and saying, \"Let's get it over with.\" And I I would be pretty happy about that. Today's episode is brought to you"}, {"start": "00:19:46", "end": "00:19:52", "text": "by easy bitcoin.app. They offer a simple, rewarding Bitcoin investment experience. With easy bitcoin, every"}, {"start": "00:19:52", "end": "00:19:58", "text": "recurring buy automatically earns you 1% extra in Bitcoin. And the stats don't stop there. Hold your stack in the app"}, {"start": "00:19:58", "end": "00:20:04", "text": "and you'll collect the 2% annual reward plus 4.5% APY on any US dollars you park"}, {"start": "00:20:04", "end": "00:20:10", "text": "in the USD interest account. You can even opt in to have your interest autoconverted to Bitcoin. It's a simple"}, {"start": "00:20:10", "end": "00:20:16", "text": "set it and forget it way to grow your Bitcoin. Easy Bitcoin is live right now on iOS and Android. Hit pause, click the"}, {"start": "00:20:16", "end": "00:20:21", "text": "link in the description, download the app, and start earning while your Bitcoin stash grows. Your capital is at"}, {"start": "00:20:21", "end": "00:20:26", "text": "risk. Crypto markets are highly volatile. And this content isformational and not financial advice. Today's"}, {"start": "00:20:26", "end": "00:20:32", "text": "episode is brought to you by Core. You can earn yield on your Bitcoin by just holding your Bitcoin. It's simple. Core,"}, {"start": "00:20:32", "end": "00:20:38", "text": "the leading Bitcoin scaling solution, will reward you for not selling your Bitcoin. It's not magic. Here's how it"}, {"start": "00:20:38", "end": "00:20:44", "text": "works. Core is a protocol secured by elected validators. You can help elect validators and secure the network by"}, {"start": "00:20:44", "end": "00:20:50", "text": "simply locking up your Bitcoin on the Bitcoin blockchain. No bridging, no lending, and just holding. When your"}, {"start": "00:20:50", "end": "00:20:56", "text": "validator secures core, it earns rewards fueled by network activity and passes them back to you as yield with a minimum"}, {"start": "00:20:56", "end": "00:21:02", "text": "lock up of just one day. When the time lock ends, you get your Bitcoin back untouched. Steal your keys, steal your"}, {"start": "00:21:02", "end": "00:21:09", "text": "coins, now your yield. For even higher rates, stake core alongside your Bitcoin and multiply your yield. And if you want"}, {"start": "00:21:09", "end": "00:21:14", "text": "to see what your Bitcoin is securing, join millions of others in exploring the largest Bitcoin DeFi ecosystem. There"}, {"start": "00:21:14", "end": "00:21:21", "text": "are over a 100 live apps in the network and the deepest liquidity in all of Bitcoin DeFi. Get off zero and start"}, {"start": "00:21:21", "end": "00:21:27", "text": "earning yield on even just 1% of your Bitcoin by going to stake.cordow.org/p."}, {"start": "00:21:28", "end": "00:21:35", "text": "Again, that's stake.cordow.org/p or go click the link in the description."}, {"start": "00:21:35", "end": "00:21:40", "text": "There is an old saying, you know, uh it ain't over till the fat lady sings."}, {"start": "00:21:40", "end": "00:21:46", "text": "Still six weeks left in the year. Bitcoin's done some crazy things in six weeks before."}, {"start": "00:21:46", "end": "00:21:53", "text": "Is there a world where it could just kind of rip right back in everyone's face and go to 140 or something?"}, {"start": "00:21:53", "end": "00:21:59", "text": "I mean, it's absolutely possible. Anything can happen. And I think that's the case we either have to hope for, which is that it either goes up a lot to"}, {"start": "00:21:59", "end": "00:22:05", "text": "make the year count or we just try to notch in a small loss here for the year"}, {"start": "00:22:05", "end": "00:22:12", "text": "so we can just wipe out the four-ear cycle alto together. So that overhang doesn't exist forever anymore in 2026"}, {"start": "00:22:12", "end": "00:22:18", "text": "and beyond. And so there is a little bit of uh like a question as to like the"}, {"start": "00:22:18", "end": "00:22:25", "text": "long-term PV of like what the right closing price for this year would be. But Bitcoin can do anything. Um but you"}, {"start": "00:22:25", "end": "00:22:32", "text": "know being realistic like what are the catalysts we can look forward to for that to happen? I I just don't know if"}, {"start": "00:22:32", "end": "00:22:37", "text": "there is like a bunch of things that are short-term directionally positive"}, {"start": "00:22:37", "end": "00:22:44", "text": "relative to what I see as really serious problems in in in uh the global economy."}, {"start": "00:22:44", "end": "00:22:52", "text": "Right? So, we've talked about the K-shaped economy. This is clearly a problem. Uh I I I think I think there's"}, {"start": "00:22:52", "end": "00:22:59", "text": "lots of more bad things to come generally for the US economy where like we may have a liquidity crisis and it's"}, {"start": "00:22:59", "end": "00:23:06", "text": "not even about a rate cut anymore whether it's going to happen around December that obviously has also taken a hit. It's like just general sense of"}, {"start": "00:23:06", "end": "00:23:12", "text": "unease everywhere like global conflict risks appear to be rising. If you've been following what's going on in Japan"}, {"start": "00:23:12", "end": "00:23:18", "text": "relatively this uh weekend with China on the Sako Islands being contested again"}, {"start": "00:23:18", "end": "00:23:25", "text": "for territory, that piece of history, it may not be familiar to most in the West, but is essentially the catalyst for"}, {"start": "00:23:25", "end": "00:23:33", "text": "World War II in Asia. It's what brings China, Taiwan, Japan, and Korea all into the waters for for a war. And I believe"}, {"start": "00:23:33", "end": "00:23:40", "text": "just last night um Japan sent some foreign dignitaries for appeasement and China came out and said they they did"}, {"start": "00:23:40", "end": "00:23:45", "text": "not accept it and they do not feel that it went in a positive direction. So they're playing ball. I think China's"}, {"start": "00:23:45", "end": "00:23:51", "text": "also playing this ball because they know they're feeling a little bit cornered in this trade war with with with the US. So"}, {"start": "00:23:51", "end": "00:23:56", "text": "a lot of this is negotiating leverage dynamics. But these things take a long time to resolve itself. And if you're"}, {"start": "00:23:56", "end": "00:24:02", "text": "telling me that's going to be the overhang where people are going to be concerned about risktaking, then I think"}, {"start": "00:24:02", "end": "00:24:09", "text": "that takes precedence before a rate cut. It takes precedence before anything else where we can expect Bitcoin to to go to"}, {"start": "00:24:09", "end": "00:24:16", "text": "um you know 150k. I mean, the other real risk here is is Trump because if you believe the Trump um put and then the"}, {"start": "00:24:16", "end": "00:24:22", "text": "Trump call is the reason we move from 75 to 125, you may also have to underwrite"}, {"start": "00:24:22", "end": "00:24:27", "text": "the possibility that it's going to unwind if Trump's popularity continues to fall or if there's continued fiasco"}, {"start": "00:24:27", "end": "00:24:34", "text": "in the halls of DC with other things that are affecting the ability to bring clarity to the legislative halls of"}, {"start": "00:24:34", "end": "00:24:39", "text": "crypto as an agenda. you you almost have to wonder if that risk has not been"}, {"start": "00:24:39", "end": "00:24:46", "text": "accounted for where then man are we going to test back to 75k to unwind all of the great momentum that we otherwise"}, {"start": "00:24:46", "end": "00:24:51", "text": "had. Uh so so I think it's it's it's hard to know what"}, {"start": "00:24:51", "end": "00:24:58", "text": "that catalyst could be. It could happen. Anything can happen. Um but it usually has to be something so fantastic just"}, {"start": "00:24:58", "end": "00:25:04", "text": "like the fantastic downside of there being like a black swan event. And you know the question is like what's a black"}, {"start": "00:25:04", "end": "00:25:10", "text": "swan event for Bitcoin upside? A black swan event for Bitcoin upside would be sovereign adoption. If there was for"}, {"start": "00:25:10", "end": "00:25:15", "text": "some reason all of a sudden news that a major major developed market OECD"}, {"start": "00:25:15", "end": "00:25:21", "text": "country was going to buy Bitcoin to balance sheet and actually do it. That's the kind of news that I think could one"}, {"start": "00:25:21", "end": "00:25:28", "text": "day just you wake up and Bitcoin's at 150. But it would have to be real. It couldn't be this fake version that we lived with for about a year. Uh"}, {"start": "00:25:28", "end": "00:25:33", "text": "there's a lot of fake stuff that happens in like if you think remember uh somebody hacked the SEC account about"}, {"start": "00:25:33", "end": "00:25:38", "text": "the ETF, right? Oh, do I remember? Like you mean there's all these things that have happened over the years that if you"}, {"start": "00:25:38", "end": "00:25:44", "text": "said to somebody outside the industry like no dude, somebody literally hacked the SEC's Twitter account and tweeted a"}, {"start": "00:25:44", "end": "00:25:50", "text": "fake approval. They're like, what is going on over there in that corner of finance, right? Yeah. No, it's unreal. It's crazy. The"}, {"start": "00:25:50", "end": "00:25:58", "text": "other thing that maybe could help Bitcoin get some price action recovery is uh is some clarity on resolution on"}, {"start": "00:25:58", "end": "00:26:03", "text": "quantum. I know quantum is this weird boogeyman that people keep talking about the back, but again going back to this"}, {"start": "00:26:03", "end": "00:26:11", "text": "idea that like if the whales are selling, they're selling for reasons that are probably just as likely to be improbable"}, {"start": "00:26:11", "end": "00:26:17", "text": "for their reasons of having bought in 2012 and 2011. So you have to just ascribe these tail events as the"}, {"start": "00:26:17", "end": "00:26:22", "text": "catalyst for how their behavior changes. So if there's any any chance that that they're worried about quantum and"}, {"start": "00:26:22", "end": "00:26:29", "text": "there's some resolution to it that may come through it that could be the kind of thing that just stops at least the selling pressure because if you stop the"}, {"start": "00:26:29", "end": "00:26:36", "text": "selling pressure at least then you know the buying pressure is actually adding incremental more capital for price action. So it has to be on both sides."}, {"start": "00:26:36", "end": "00:26:42", "text": "We need a demand curve reset function but we also need a supply side reset uh firm function as well. And over this"}, {"start": "00:26:42", "end": "00:26:49", "text": "weekend we saw some more news from a very famous cryptographer um Sorenson who came out and said it's very possible"}, {"start": "00:26:49", "end": "00:26:55", "text": "that by 2028 that uh Bitcoin's shore algorithm may may ultimately be"}, {"start": "00:26:55", "end": "00:27:01", "text": "compromised. Um and that's much sooner than people anticipated. We're talking about the next four years. And so those"}, {"start": "00:27:01", "end": "00:27:09", "text": "kinds of things I think still have like clouds over Bitcoin where like the cataclysmic tail risk uh has to be"}, {"start": "00:27:09", "end": "00:27:16", "text": "removed for then the supply shock to be gone. How do you underwrite that? Like the the quantum thing, right? Yeah."}, {"start": "00:27:16", "end": "00:27:22", "text": "Um I always joke with people uh there's no quantum computer. No one's built one yet. That may be getting closer, but still"}, {"start": "00:27:22", "end": "00:27:29", "text": "don't have one yet. Um there's a lot of technology people have promised us. You know, where's the flying car? Um this feels a little bit"}, {"start": "00:27:29", "end": "00:27:35", "text": "more like, hey, you know, there's a lot of progress, a lot of research being done. Um do you worry about it? Do you"}, {"start": "00:27:35", "end": "00:27:41", "text": "underwrite it? Do you try to put a probability on it? Do you just say, hey, I'll deal with it when it's here? You know, how do you think through it? Yeah,"}, {"start": "00:27:41", "end": "00:27:46", "text": "I I mean I like to observe at least what's the meta that is driving people's interest in crypto and how they're"}, {"start": "00:27:46", "end": "00:27:54", "text": "voting with their feet and their money and their wallets. And the incredible meteoric rise of Zcash as we've observed"}, {"start": "00:27:54", "end": "00:28:00", "text": "it now for over 2 months latches onto some of these um conversational points"}, {"start": "00:28:00", "end": "00:28:05", "text": "about quantum resistance and the ability to navigate it better than Bitcoin. And so you kind of have to pay attention to"}, {"start": "00:28:05", "end": "00:28:13", "text": "one like what are the metas and where are the capitals flowing. And to me, the context of this quantum and privacy seem"}, {"start": "00:28:13", "end": "00:28:18", "text": "to be seem to matter quite a bit. And I think it's made maybe a little exaggerated and worsened by the fact"}, {"start": "00:28:18", "end": "00:28:23", "text": "that there's been a f fracture amongst the Bitcoin developer community. So, while you can't underwrite, of course,"}, {"start": "00:28:23", "end": "00:28:30", "text": "the risk of quantum in the near future, what I could underwrite is the health of the Bitcoin developer community and"}, {"start": "00:28:30", "end": "00:28:35", "text": "whether the ship is sailing the right direction with the coalition building that they're able to do with their"}, {"start": "00:28:35", "end": "00:28:41", "text": "constituents and get everybody on board and paint a positive uh story about the arc of technology and how Bitcoin is"}, {"start": "00:28:41", "end": "00:28:46", "text": "going to be advanced further. But, you know, that's been pretty abysmal, too."}, {"start": "00:28:46", "end": "00:28:54", "text": "Like, the things that you're hearing amongst Bitcoin core developer community. um has has has been a source"}, {"start": "00:28:54", "end": "00:29:00", "text": "of frustration for many early Bitcoin investors too. Uh so I think maybe"}, {"start": "00:29:00", "end": "00:29:05", "text": "watching for a turn in that sentiment. I don't know, maybe you have to run like a social intelligence analytics tool to"}, {"start": "00:29:05", "end": "00:29:12", "text": "see like the fear greedometer of like Bitcoin dev community's willingness to solve real technical problems. Um but"}, {"start": "00:29:12", "end": "00:29:17", "text": "that too I think is kind of at an all-time low. And if you talk to people who's witnessed the block size war back"}, {"start": "00:29:17", "end": "00:29:22", "text": "in 2017, like they'll make a lot of references to this has very similar"}, {"start": "00:29:22", "end": "00:29:28", "text": "parallels to the energy that eventually led to that chasm. And so if we're going to anticipate a soft fork or a hard fork"}, {"start": "00:29:28", "end": "00:29:35", "text": "to come, then it's almost hard to be excited about taking risk before any of"}, {"start": "00:29:35", "end": "00:29:40", "text": "those events unfold because most people actually just don't want to deal with those kinds of raptures at that time. I"}, {"start": "00:29:40", "end": "00:29:46", "text": "mean, could you imagine uh these large financial institutions being like, \"Wait, what? They're going to fork it."}, {"start": "00:29:46", "end": "00:29:54", "text": "They're I'm going to get two coins. Do I keep it? Do I sell it? Do I hedge? Do I I'm kind of excited though, like the the the the masochist in me actually is"}, {"start": "00:29:54", "end": "00:30:01", "text": "potentially excited about something like that because, you know, I've always wondered and and thought like that's"}, {"start": "00:30:01", "end": "00:30:07", "text": "when a firm like Bitwise can shine versus Black Rockck. Mhm. like because we actually know at"}, {"start": "00:30:07", "end": "00:30:13", "text": "the core that these are living breathing technological assets that require servicing that we might have a different"}, {"start": "00:30:13", "end": "00:30:19", "text": "path of navigation than someone who has a different tolerance for risk appetite and and I'm just reminded back again"}, {"start": "00:30:19", "end": "00:30:25", "text": "with the block size war that in this corner of history Coinbase did not"}, {"start": "00:30:25", "end": "00:30:30", "text": "support Bitcoin Cash and Kraken did and that's when a lot of"}, {"start": "00:30:30", "end": "00:30:35", "text": "people went to Kraken and went out of Coinbase. So as institutional as Coinbase was, they chose not to support"}, {"start": "00:30:35", "end": "00:30:40", "text": "it. People moved like it can happen. Uh I don't think it's likely that like the"}, {"start": "00:30:40", "end": "00:30:46", "text": "ETF paths will diverge like that. Um but these are the questions that then ask"}, {"start": "00:30:46", "end": "00:30:51", "text": "financial advisors to pick up their phone and call like, hey, what is this BIP 444? Can someone tell me about it? I"}, {"start": "00:30:51", "end": "00:30:56", "text": "don't know. I think the chance of a crypto native asset manager adding value there is significant. All right, Larry. So it's like a warrant"}, {"start": "00:30:56", "end": "00:31:02", "text": "dividend that I mean like that's what's going to happen, right? Is they're going to have to figure it out. Yeah."}, {"start": "00:31:02", "end": "00:31:07", "text": "Um, all right. Where can we send some people to find you on the internet or find more about your writing? Um, you can find me on X. My handle is"}, {"start": "00:31:07", "end": "00:31:12", "text": "DGT100011. And you can also find me on Substack as well, where I do my longer form"}, {"start": "00:31:12", "end": "00:31:18", "text": "writings. We're uh we're due for a Jeff piece soon, I think. Oh, it's coming. I got a good one coming. You got one."}, {"start": "00:31:18", "end": "00:31:25", "text": "It's a bare market reflection from the heart in the works. God. All right. There we go. Little teaser for everybody. Thanks for doing"}, {"start": "00:31:25", "end": "00:31:28", "text": "it. I'll do it again next week."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "What's going on guys? Today we got a great episode with John Pompiano. In this conversation we talk about Bitcoin, the price crashing, whether the bare"}, {"start": "00:00:06", "end": "00:00:11", "text": "market is here, and what you can do in your portfolio. And I get a little personal. I explain how I invest, how I"}, {"start": "00:00:11", "end": "00:00:18", "text": "think about buying and selling assets, and also how I think about portfolio construction and why there's a difference between the gambling table"}, {"start": "00:00:18", "end": "00:00:24", "text": "and the long-term lounge. You know where you'll find me. All that and much more in this conversation with John Pompiano."}, {"start": "00:00:24", "end": "00:00:29", "text": "All right, John, what's the first topic? All right, Bitcoin. What is going on?"}, {"start": "00:00:29", "end": "00:00:36", "text": "last night. Blood in the streets, $89,000 last night. People are very worried, rightfully so. Uh there's a lot to"}, {"start": "00:00:36", "end": "00:00:42", "text": "unpack, but first we got to just say uh sentiment is horrible. It's atrocious. It's never been this bad. You can go and"}, {"start": "00:00:42", "end": "00:00:49", "text": "you can look at hacks. You can look at what happened in 2020 on March 12th. You can look at FTX collapsing. All that"}, {"start": "00:00:49", "end": "00:00:54", "text": "stuff that was all bad. I actually think sentiment right now may be worse. People"}, {"start": "00:00:54", "end": "00:01:02", "text": "were so bowled up, were headed up. Remember all those things happened when there was obvious catalyst. 2020 there's"}, {"start": "00:01:02", "end": "00:01:07", "text": "a pandemic. Everyone goes sit at home. You're getting locked in your house. Fearful, but you at least knew why. FTX,"}, {"start": "00:01:07", "end": "00:01:15", "text": "we'd gone down all of 2022 and then we had the final puke. FTX failed, right? All the chaos, etc. Here"}, {"start": "00:01:15", "end": "00:01:20", "text": "the difference where unhappiness lives is the difference between expectations and reality. And the expectation was"}, {"start": "00:01:20", "end": "00:01:25", "text": "we're going higher. We're going to 150, 200, 250, 300, a million. People were"}, {"start": "00:01:25", "end": "00:01:32", "text": "saying crazy numbers and instead what we got is we touched 126 on October 6th and bam we went down 30% from there and"}, {"start": "00:01:32", "end": "00:01:40", "text": "because everyone was bowled up everyone was excited that liquidation all that leverage that was excitement that was enthusiasm that was euphoria this was"}, {"start": "00:01:40", "end": "00:01:46", "text": "right in our face now a second thing is I forget who show uh showed this but I saw online uh we can go we can look at"}, {"start": "00:01:46", "end": "00:01:52", "text": "the last two 30% draw downs one took like 170 days another one took like 44"}, {"start": "00:01:52", "end": "00:01:58", "text": "days I'm sorry 72 days this one took like 44 So all of a sudden we're getting compression. It's happening faster and"}, {"start": "00:01:58", "end": "00:02:04", "text": "faster. We're getting these draw downs at 30% during this cycle. What does that mean? If you go down 30% in 40 days,"}, {"start": "00:02:04", "end": "00:02:11", "text": "obviously fear is going to take hold. And then it becomes this reflexive cycle. You're fearful. I'm fearful. They're fearful. Oh no. Sell, sell,"}, {"start": "00:02:11", "end": "00:02:17", "text": "sell. People start selling. Price goes down faster. You're more fearful. I'm more fearful, etc. So that's first."}, {"start": "00:02:17", "end": "00:02:22", "text": "Sentiment is atrocious. It's in the toilet. Throw it out. Second,"}, {"start": "00:02:22", "end": "00:02:28", "text": "whales are selling, man. Now, whales could be OGs, could be people who have"}, {"start": "00:02:28", "end": "00:02:34", "text": "held Bitcoin for a long time, or they could just be people who bought Bitcoin recently, but people with large stacks,"}, {"start": "00:02:34", "end": "00:02:39", "text": "they had been selling. Now, one of the most interesting stats is uh short-term"}, {"start": "00:02:39", "end": "00:02:45", "text": "profit or loss. If you look at coins that are on chain, you can see how long does someone hold them for. Short-term"}, {"start": "00:02:45", "end": "00:02:53", "text": "is usually determined at 155 days, right? 155 days. So, if you acquired something last 155 days, a coin that you"}, {"start": "00:02:53", "end": "00:02:58", "text": "acquired, 95% or more of those coins in the red,"}, {"start": "00:02:58", "end": "00:03:05", "text": "underwater, losing money. That's really bad for sentiment. All those people who are buying the last 155 days, they're"}, {"start": "00:03:05", "end": "00:03:11", "text": "all underwater. Short-term loss, not good. On top of that, we do have older"}, {"start": "00:03:11", "end": "00:03:17", "text": "coins that are at least switching hands or moving. Now, does it mean that people are selling? Not always. They could just"}, {"start": "00:03:17", "end": "00:03:22", "text": "be moving it to a different wallet. They can move it to a different custodian. They could be upgrading the wallet. All kinds of stuff that could be happening."}, {"start": "00:03:22", "end": "00:03:28", "text": "But we know they're moving and a lot of times that is forelling. And so as people see that distribution happening,"}, {"start": "00:03:28", "end": "00:03:33", "text": "they say, \"Hey, the OG's, they're getting out now. Market is finally"}, {"start": "00:03:33", "end": "00:03:39", "text": "liquid enough. There's finally regulatory clarity. There's finally things where they can go and they can"}, {"start": "00:03:39", "end": "00:03:47", "text": "take that money, they can put it into a bank, etc. So like there's a lot of reasons why people are starting to do this. But here's the thing. Here's the"}, {"start": "00:03:47", "end": "00:03:54", "text": "good news. Bitcoin fell 30%. You know what it did? Chef's kiss right off of the CME gap."}, {"start": "00:03:54", "end": "00:04:00", "text": "That usually is a pretty good sturdy little uh floor there."}, {"start": "00:04:00", "end": "00:04:06", "text": "That's interesting. Second thing, those whales, those big bad whales"}, {"start": "00:04:06", "end": "00:04:12", "text": "hit 89,000. You know what they did? Let me come back for some more. They started gobbling up Bitcoin. Huge spike in the"}, {"start": "00:04:12", "end": "00:04:19", "text": "number of whales that started buying in the last 48 hours. Again, doesn't mean that we can't go lower. Just means that the whales are back, baby. All of a"}, {"start": "00:04:19", "end": "00:04:25", "text": "sudden, they say, \"Wait a second. There's a price that I finally think is too cheap.\" Right? If you think of an asset, the way finance works is there's"}, {"start": "00:04:25", "end": "00:04:31", "text": "an asset. If it appreciates a lot in value, eventually it reaches such a crazy level valuation wise that it is so"}, {"start": "00:04:31", "end": "00:04:37", "text": "overvalued that some people say, \"Ah, no more. No MS, no MOS, no MOS, we have the white flag. Can't buy it at that level.\""}, {"start": "00:04:37", "end": "00:04:43", "text": "Right? Same thing happens on the other side. It crashes. I'd say everyone, would you buy Bitcoin at a dollar? Yeah."}, {"start": "00:04:43", "end": "00:04:50", "text": "Okay. Would you buy it at 10, 100? 1,000, 10,000, 50,000. There's some level where you're like, \"Yo, this is"}, {"start": "00:04:50", "end": "00:04:56", "text": "stupid. I got to buy it.\" For the whales, it looks like just under 90,000. Bam, they're back in the market. So,"}, {"start": "00:04:56", "end": "00:05:01", "text": "let's see what happens. But the big question is, is this time different? Is"}, {"start": "00:05:01", "end": "00:05:07", "text": "the four-year cycle over? There's people who I really respect, I think are very smart. They're saying, \"Hey, no, it's not. October was the top. We're down"}, {"start": "00:05:07", "end": "00:05:13", "text": "only now. We're going to 60 or 70,000. Great.\" There's people I know who really respect who say, \"This is a head fake."}, {"start": "00:05:13", "end": "00:05:18", "text": "all of a sudden we're going to come ripping right back. When we come back, people are going to realize the four-year cycle was dumb. Doesn't really"}, {"start": "00:05:18", "end": "00:05:23", "text": "exist. It got broke when Wall Street showed up and now we're just going to keep grinding up. That could be true,"}, {"start": "00:05:23", "end": "00:05:29", "text": "too. Maybe both are true. Here's a little scenario for you. Um there's a"}, {"start": "00:05:29", "end": "00:05:35", "text": "guy on uh on Twitter uh who I saw he was talking about hit 126, dropped 30%. 30%"}, {"start": "00:05:35", "end": "00:05:41", "text": "is a normal draw down in a bull market. Dropped 30%. Chef's kiss right off of that CME gap."}, {"start": "00:05:41", "end": "00:05:47", "text": "Whale step back in. go right back over 100K. Everyone goes, \"Hey, that was just a little cleansing. We're ready to rock"}, {"start": "00:05:47", "end": "00:05:53", "text": "and roll. Go higher.\" But then Bitcoin says, \"Ah, just kidding. I'm really going to a bare market. We go to 60 or"}, {"start": "00:05:53", "end": "00:06:01", "text": "70.\" I have no clue. I have no clue what's going to happen. What I know is that the Bitcoin that I'm holding, my"}, {"start": "00:06:01", "end": "00:06:07", "text": "goal is to give that to my grandchildren. There have been times in the past where unfortunately I've had to"}, {"start": "00:06:07", "end": "00:06:14", "text": "sell some to buy or to uh pay taxes or or do something right where I literally had to do it. Every time I've ever sold"}, {"start": "00:06:14", "end": "00:06:21", "text": "Bitcoin throughout the decade or so that I've been doing this, it's like you're doing it and you're just like, \"This is"}, {"start": "00:06:21", "end": "00:06:26", "text": "so dumb. I know I'm going to regret this.\" But you get life, man. And I"}, {"start": "00:06:26", "end": "00:06:33", "text": "think that's what a lot of the OGs are starting to see is like, \"Yo, man.\" Like, \"Okay, cool. If you got a billion dollars of Bitcoin, but you live in a"}, {"start": "00:06:33", "end": "00:06:40", "text": "studio apartment and don't have a car, I'm not saying that's what they're doing, right? But for illustrative effect,"}, {"start": "00:06:40", "end": "00:06:47", "text": "you think maybe if you take 5 million bucks, 10 million bucks, $100 million and you get a cool spot, quality of"}, {"start": "00:06:47", "end": "00:06:52", "text": "life, right? So, we're going to see what happens. But, uh, everyone just chill out. Here's a good piece of advice for"}, {"start": "00:06:52", "end": "00:06:59", "text": "you. Long-term investors should not take advice from short-term speculators. bar."}, {"start": "00:06:59", "end": "00:07:05", "text": "Put that just put that on your wall. If you're a long-term investor, stop worrying about what the short-term"}, {"start": "00:07:05", "end": "00:07:10", "text": "speculators are saying. And if you're a short-term speculator, stop worrying what the long-term investors are saying."}, {"start": "00:07:10", "end": "00:07:15", "text": "You're playing two different games. One of you is playing T-ball, the other's playing Major League Baseball. You guys"}, {"start": "00:07:15", "end": "00:07:22", "text": "can figure out which is which. And so, just play your game. If you're a long-term investor, keep accumulating Bitcoin. Keep dollar cost averaging it."}, {"start": "00:07:22", "end": "00:07:28", "text": "Hold a great asset for a long time. You're the next Buffett. You're good. If you're a short-term speculator, hey, get"}, {"start": "00:07:28", "end": "00:07:34", "text": "out the charts, man. Let's go. Let's start drawing the astrology lines. Let's figure out where's the thing going in the short term. Some guys are really"}, {"start": "00:07:34", "end": "00:07:41", "text": "good at that. Some are not. That's not my game. When you think about the cycles, right, 2018, 2019, it ran up"}, {"start": "00:07:41", "end": "00:07:47", "text": "to that 18 $20,000 mark. Went all the way up to, I think, 70,000, give or take a few thousand, and then all the way"}, {"start": "00:07:47", "end": "00:07:52", "text": "back down to around where it was in the all-time high before the pandemic. Do you see something similar happen where"}, {"start": "00:07:52", "end": "00:07:58", "text": "hey, we draw all the way down to around $70,000 again and then that's kind of the baseline."}, {"start": "00:07:58", "end": "00:08:06", "text": "Well, one of the things that's really interesting is um so 2018 2019 we fell significantly from 20,000 in 20 um let's"}, {"start": "00:08:06", "end": "00:08:11", "text": "see in 2017 we topped out at 20,000. We dropped back down to 3200 in 2018 right"}, {"start": "00:08:11", "end": "00:08:17", "text": "bottom there. Then we kind of went sideways and recovered and went all the way up to to your point 69,000. Then we"}, {"start": "00:08:17", "end": "00:08:23", "text": "dropped back down to like 16,000. Now, wait, wait a second. We dropped to 16,000. The prior all-time high was"}, {"start": "00:08:23", "end": "00:08:30", "text": "20,000. We had never seen Bitcoin drop back below its previous all-time high ever. It's not a lot of data points."}, {"start": "00:08:30", "end": "00:08:36", "text": "It's not like it happened 100 times, right? There was like three data points, but we never seen that before. Okay,"}, {"start": "00:08:36", "end": "00:08:41", "text": "violated that rule. Now, all of a sudden, people say, \"Well, it can drop back below its previous all-time high.\""}, {"start": "00:08:41", "end": "00:08:47", "text": "Went 70,000, right? That was the previous all-time high. Now, now we're up at 126. Could it drop back to 70?"}, {"start": "00:08:47", "end": "00:08:53", "text": "Sure. Could it drop below 70? Sure. What's your time horizon? That's what"}, {"start": "00:08:53", "end": "00:08:58", "text": "people got to ask themselves. What is your time horizon? The US government likes Bitcoin. Like everyone in the"}, {"start": "00:08:58", "end": "00:09:04", "text": "cabinet has got Bitcoin. People who hated Bitcoin are finally capitulating saying, you know what, I like Bitcoin."}, {"start": "00:09:04", "end": "00:09:10", "text": "Larry Frink is the CMO of Bitcoin. It is game on. Who cares what happens in the"}, {"start": "00:09:10", "end": "00:09:16", "text": "short term? Don't use leverage. Don't be a fool. As long as you live by that,"}, {"start": "00:09:16", "end": "00:09:23", "text": "you're good. Chill out. Everything's going to be fine. If your house price, anyone ever go on Zillow? If you own a"}, {"start": "00:09:23", "end": "00:09:28", "text": "house and you look at it every day, it bounces around like a pingpong ball. One"}, {"start": "00:09:28", "end": "00:09:34", "text": "day it's up, next day it's down, next day it's up again, right? Bam, bam, bam. You don't all of a sudden say, \"Oh, let me sell my house. Let me not sell my"}, {"start": "00:09:34", "end": "00:09:40", "text": "house. Let me sell my house. Let me not sell my house.\" You just use it for utility. You live in your house, and you"}, {"start": "00:09:40", "end": "00:09:45", "text": "know you're going to hold it for a while until you're ready to move. Bitcoin's utility is that is protecting your"}, {"start": "00:09:45", "end": "00:09:52", "text": "purchasing power. Who cares where the day-to-day price goes? It's serving you utility, hold it until you want to sell"}, {"start": "00:09:52", "end": "00:10:00", "text": "it. And if price is determining you selling or not selling, then you're a speculator. No problem. But you you go"}, {"start": "00:10:00", "end": "00:10:06", "text": "to the gambling table. That's fine. Just understand that, you know, you may be the amateur at the gambling table."}, {"start": "00:10:06", "end": "00:10:12", "text": "There's a lot of people with a lot of experience, a lot of technology, a lot of data, and frankly, they got a lot of"}, {"start": "00:10:12", "end": "00:10:19", "text": "money. They're dominating the g the gambling table. I take up my little shekels and and little coins, right? And"}, {"start": "00:10:19", "end": "00:10:26", "text": "I say, you know, I want to play at this table. I'm gonna go over here at the long term lounge. We don't got tables."}, {"start": "00:10:26", "end": "00:10:33", "text": "We just sitting with a lounge. Sit down a nice comfortable chair. You just pop your feet up,"}, {"start": "00:10:33", "end": "00:10:38", "text": "maybe get out cigar, listen to some nice music, chill. Who cares what they're doing at the gambling table? We're in"}, {"start": "00:10:38", "end": "00:10:45", "text": "the long-term lounge. And the long-term lounge is is gravy. Just chill. See your"}, {"start": "00:10:45", "end": "00:10:51", "text": "friends, hang out, chill. Maybe they get a little drink, get a little bit of food. Fine. In the long term lounge,"}, {"start": "00:10:51", "end": "00:10:58", "text": "nobody's blood pressure goes above like 60. In the short term gambling table,"}, {"start": "00:10:58", "end": "00:11:04", "text": "everyone's blood pressure is like 140. Lower your blood pressure, chill out, go"}, {"start": "00:11:04", "end": "00:11:09", "text": "to the long-term lounge, relax. Today's episode is brought to you by Simple Mining. Have you ever been interested in"}, {"start": "00:11:09", "end": "00:11:14", "text": "mining Bitcoin? As a miner myself, I've been using Simple Mining for the past few months, and the experience has been"}, {"start": "00:11:14", "end": "00:11:20", "text": "nothing short of seamless. I mine with the pool of my choice, and the Bitcoin is sent directly to my wallet. 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That's simplemining.io/p to get started today. With simple"}, {"start": "00:12:28", "end": "00:12:34", "text": "mining, they make it simple. So you're a big believer in um most assets will go"}, {"start": "00:12:34", "end": "00:12:39", "text": "up over time because of the devaluation of the US dollar. Liquidity will enter the market. Fed have the Fed has these"}, {"start": "00:12:39", "end": "00:12:45", "text": "new tools to be able to uh keep asset prices elevated over a long period over a long time horizon."}, {"start": "00:12:45", "end": "00:12:51", "text": "I just look at the math. Yeah. Yeah. I I believe in math. How much weight do you put on these different things? So liquidity is one"}, {"start": "00:12:51", "end": "00:12:56", "text": "thing. Uh trailing gold would be another, right? These fourear cycles would be another data point. Like where"}, {"start": "00:12:56", "end": "00:13:02", "text": "do you look at these data points and kind of like put different weight on each one? I like talking about this stuff because it is astrology for men"}, {"start": "00:13:02", "end": "00:13:07", "text": "100%. Right? I like talking about what the Fed's doing. It's intellectually interesting. What are they gonna do? How's it going to work? Right? I don't"}, {"start": "00:13:07", "end": "00:13:14", "text": "watch soap operas. I watch the Fed. I don't do astrology. I watch what's going on with the liquidity in the system. All"}, {"start": "00:13:14", "end": "00:13:21", "text": "okay? There's some relationship. At certain times there's a higher correlation. At certain times there's a lower correlation. If Jerome Powell came"}, {"start": "00:13:21", "end": "00:13:27", "text": "out and said, \"We like Bitcoin.\" Would all of a sudden Bitcoin go to 120? Probably not. Would it go higher? Absolutely. Right? If all of a sudden"}, {"start": "00:13:27", "end": "00:13:33", "text": "they just came out and they said, \"Bam, trillion dollars pumping it into the system, would Bitcoin go higher?\" Sure. Is it going to go to 150? Probably not,"}, {"start": "00:13:33", "end": "00:13:40", "text": "right? So, it depends. Now, if they had done a trillion dollars when Bitcoin was at 10K, that thing would have been at 30 overnight. So, it's all about what is"}, {"start": "00:13:40", "end": "00:13:46", "text": "the size of the asset? How uh what is the thing that's happening? How important is it? What right now? Are we in a situation where the correlation is"}, {"start": "00:13:46", "end": "00:13:51", "text": "high or low? Right? That's why it's interesting. It's a complex system. It's like, you know, it's kind of like a puzzle. You're trying to figure out how"}, {"start": "00:13:51", "end": "00:13:57", "text": "all the pieces work together. you're trying to understand, okay, if this happens over here, what's the impact going to be over here? That's cool. It's"}, {"start": "00:13:57", "end": "00:14:04", "text": "fun. But the truth is, I don't make a lot of different decisions based on what's going on. Now, what I will say"}, {"start": "00:14:04", "end": "00:14:09", "text": "is, um, I've been telling people all year that we were going to sell certain"}, {"start": "00:14:09", "end": "00:14:14", "text": "things as we were, uh, watching asset prices run up, right? This year, we thought we were going to be at a bull"}, {"start": "00:14:14", "end": "00:14:20", "text": "market. Very different thing. Bitcoin, I look at that very differently than I look at anything else I had. So we have"}, {"start": "00:14:20", "end": "00:14:26", "text": "like venture funds from I don't know eight years ago, right? Where we invested in private companies. Those"}, {"start": "00:14:26", "end": "00:14:31", "text": "private companies eventually went public. We were holding the liquid stock. I don't know what's going to happen to"}, {"start": "00:14:31", "end": "00:14:37", "text": "stock market. Could it go higher? Absolutely. Could it go lower? Absolutely. Guess what? I don't know. We"}, {"start": "00:14:37", "end": "00:14:43", "text": "are up on these things, right? We've held it for a long time. Hey, hedge."}, {"start": "00:14:43", "end": "00:14:48", "text": "Take take some take some chips off the table, right? Guess what? We got investors. Our investors want money back, right? All all this kind of stuff."}, {"start": "00:14:48", "end": "00:14:55", "text": "So you look at this and you say there's sometimes dynamics where if it was up to me and my partners, we probably wouldn't"}, {"start": "00:14:55", "end": "00:15:02", "text": "sell. We just say, \"Hey, just just hold it, right? Like let's see what happens.\" So over the next 5 to 10 years, these things are going to be worth more than they are today. But at the same time,"}, {"start": "00:15:02", "end": "00:15:08", "text": "you got investors, right? You got to they want liquidity, all that kind. So like there's things that drive the market that aren't just purely like"}, {"start": "00:15:08", "end": "00:15:14", "text": "people have a view on is the asset price is going up or is it going down, right? Now, what I will say is I think that"}, {"start": "00:15:14", "end": "00:15:21", "text": "there are certain things that people have historically believed that they're starting to question a little bit."}, {"start": "00:15:21", "end": "00:15:26", "text": "Bitcoin and its relationship to global liquidity. I've been one, hey, anytime that you get this, you know, kind of"}, {"start": "00:15:26", "end": "00:15:33", "text": "alligator jaws where all of a sudden you see liquidity is running higher and Bitcoin's price is lagging, you expect"}, {"start": "00:15:33", "end": "00:15:38", "text": "that to close. Either liquidity's got to come down or Bitcoin's got to go up. That hasn't happened. It's been going on"}, {"start": "00:15:38", "end": "00:15:43", "text": "for a while now. Now, that could mean that there's this like super high velocity rise in Bitcoin's price to"}, {"start": "00:15:43", "end": "00:15:50", "text": "catch up or maybe the thing that we thought was true is not necessarily nearly as true as uh as we thought it to"}, {"start": "00:15:50", "end": "00:15:57", "text": "be. Right? So, that's one. The second thing is I think that there is a really big uh focus on the relationship between"}, {"start": "00:15:57", "end": "00:16:04", "text": "Bitcoin and gold, right? I mean, I was talking earlier this year, gold runs, 100 days later, Bitcoin runs. Guess what? That happened earlier this year."}, {"start": "00:16:04", "end": "00:16:09", "text": "If you remember, I was off by like 5 days. Now, I'm not Nostradamus, right?"}, {"start": "00:16:09", "end": "00:16:16", "text": "You know who that is? Yeah. Yeah. Okay. I'm not him. I'm not Albert Einstein, right? All I did is I looked at a chart. I said, \"Hey, about 100"}, {"start": "00:16:16", "end": "00:16:22", "text": "days. Odds are it probably happens.\" Guess what? We're hitting around the 100 day point now. If we get to the end of"}, {"start": "00:16:22", "end": "00:16:30", "text": "the year and Bitcoin hasn't run, a lot of people going say, \"Hey, that thing that used to be true is not true anymore.\" That's what makes investing hard is something is true until it's"}, {"start": "00:16:30", "end": "00:16:35", "text": "not, right? these correlations, these kind of sequential uh trends, all the"}, {"start": "00:16:35", "end": "00:16:41", "text": "stuff. It's true until it's not. A great one, uh Carson Group's Ryan Dietrich, he he been one of my favorite guys this"}, {"start": "00:16:41", "end": "00:16:46", "text": "whole year, right? He he's been saying Monday's going to Monday. Monday's going to Monday. What's that mean? Every"}, {"start": "00:16:46", "end": "00:16:52", "text": "Monday for almost 10, I think it was 10 weeks in a row. Every Monday, mark it up, mark it up, mark it up, mark it up,"}, {"start": "00:16:52", "end": "00:16:58", "text": "mark it up. On the 11th one, guess what? People, ah, let's go. Let's saliv salivate. They say, \"Hey, Monday's going"}, {"start": "00:16:58", "end": "00:17:03", "text": "to Monday, right? Monday's down. It's true until it's not. Right? So when"}, {"start": "00:17:03", "end": "00:17:09", "text": "you think of that, you say to yourself that is why investing is hard is because it you're you're playing a game where"}, {"start": "00:17:09", "end": "00:17:16", "text": "you have imperfect information and you're trying to predict the future. By nature, humans are really bad at doing"}, {"start": "00:17:16", "end": "00:17:22", "text": "that. Now, a great way to do it is opt out. Just say, \"Look, I'm just going to play a structural game. Let's ride with"}, {"start": "00:17:22", "end": "00:17:27", "text": "the structural game.\" And that's what uh I think Bitcoin allows people to do. I think whales and retail are playing a"}, {"start": "00:17:27", "end": "00:17:33", "text": "completely different game, right? whales have they have to rebalance certain things. Uh they have a lot more money"}, {"start": "00:17:33", "end": "00:17:38", "text": "that they can use, right? Um how do you think about the average investor, which is most people who listen to this"}, {"start": "00:17:38", "end": "00:17:43", "text": "podcast, obviously we got some whales listening, too, but there's the average investor. How do you think like how"}, {"start": "00:17:43", "end": "00:17:49", "text": "would they think about their portfolio and Bitcoin as a tool or uh an asset within their entire portfolio?"}, {"start": "00:17:49", "end": "00:17:56", "text": "Get in the long-term lounge. Get off the gambling table and get in the long-term lounge. That that's the"}, {"start": "00:17:56", "end": "00:18:01", "text": "whole thing, right? is I don't know many people who are very good at trading"}, {"start": "00:18:01", "end": "00:18:08", "text": "around different assets. If you think I mean just again just use simple uh analysis there are hedge funds that are"}, {"start": "00:18:08", "end": "00:18:13", "text": "paid in an immense amount of money to beat the index. How many of them have"}, {"start": "00:18:13", "end": "00:18:19", "text": "consistently beat the index over 10, 15, 20 years? There's some for sure. Very few."}, {"start": "00:18:19", "end": "00:18:24", "text": "Jim Simons goat. He did it great. So it can be done but the average person"}, {"start": "00:18:24", "end": "00:18:32", "text": "you're not a hedge fund. You don't have a team of analysts. You don't have all the tools and data and all this stuff. Right now, by the way, actually that may"}, {"start": "00:18:32", "end": "00:18:37", "text": "give people an advantage because they're not trying to manage other people's money. They don't have certain uh"}, {"start": "00:18:37", "end": "00:18:42", "text": "thresholds in terms of ownership. They don't have correlation things. They don't have risk mitigation. They don't have rebalancing requirements, right?"}, {"start": "00:18:42", "end": "00:18:49", "text": "They don't have end ofear let me go and uh crystallize some of the returns so I get my bonus. All that kind of stuff. It"}, {"start": "00:18:49", "end": "00:18:54", "text": "may actually give them advantage because they say, you know, I'm going to run a super concentrated portfolio. How many people who are listening to this went"}, {"start": "00:18:54", "end": "00:19:00", "text": "quote unquote all in on Bitcoin 5 to 7 years ago at some point between 2017 and"}, {"start": "00:19:00", "end": "00:19:07", "text": "let's say 20 21 I don't know what the number but there's a lot of people say it in the"}, {"start": "00:19:07", "end": "00:19:13", "text": "comments. How many of you have more than 50% of your net worth in Bitcoin? There's a lot of people. I I never recommended that whatever but like"}, {"start": "00:19:13", "end": "00:19:18", "text": "people be like oh 1 to 2% like I'm gonna put 50. Right? So a lot of people made a lot of money because Bitcoin went up a"}, {"start": "00:19:18", "end": "00:19:24", "text": "lot. Okay. Well guess what? If you did that for the last year you're flat. Right. So like at that time it was a"}, {"start": "00:19:24", "end": "00:19:30", "text": "really good idea. For the last year it hasn't been that good of an idea. All equities have ripped. Equities ripped. Gold. How many gold"}, {"start": "00:19:30", "end": "00:19:35", "text": "bugs have a abnormal percentage of their net worth in gold? A lot of them. Well,"}, {"start": "00:19:35", "end": "00:19:42", "text": "it's up 50%. Congratulations, right? You guys did a great job. You get the return. How many people I know one"}, {"start": "00:19:42", "end": "00:19:48", "text": "person in their portfolio, they got two assets,"}, {"start": "00:19:48", "end": "00:19:53", "text": "Palunteer and Tesla. This person is not a dummy. This person"}, {"start": "00:19:53", "end": "00:19:59", "text": "is incredibly smart. Palunteer and Tesla, his entire net worth essentially"}, {"start": "00:19:59", "end": "00:20:04", "text": "is riding on Alex Carp and Elon Musk. You know what?"}, {"start": "00:20:04", "end": "00:20:10", "text": "Long-term lounge, like he ain't going to trade, right? Like, by the way, you might be in a broken chair. I don't"}, {"start": "00:20:10", "end": "00:20:16", "text": "think he is. I think that those are two great stocks. But in the long-term lounge, like you make an analysis of the"}, {"start": "00:20:16", "end": "00:20:22", "text": "world. You say, \"Hey, I think that these companies are uniquely positioned to fill some sort of gap, solve a problem, drive profits.\" Bam. I'm going to buy"}, {"start": "00:20:22", "end": "00:20:28", "text": "the stock. I'm going to go sit in a long-term lounge. I'm going to watch the gambling table cuz it's entertaining. I"}, {"start": "00:20:28", "end": "00:20:34", "text": "may comment on it, but I'm going to stay in a long-term lounge. And that's the whole key to this is I think for the"}, {"start": "00:20:34", "end": "00:20:40", "text": "average person, they tend to be a little bit more concentrated. They tend to have a little bit more of an opinion. They"}, {"start": "00:20:40", "end": "00:20:46", "text": "tend to not be so uh kind of uh uh mispositioned based on rebalancing and all this kind of stuff."}, {"start": "00:20:46", "end": "00:20:53", "text": "But the problem is if you're very concentrated, you're wrong. That's not so good. So I know also other people,"}, {"start": "00:20:53", "end": "00:20:59", "text": "I mean, I got a long list of people I know who they bought an asset, it didn't work, it went down, they lost a lot of money, then they did it again, then it's"}, {"start": "00:20:59", "end": "00:21:04", "text": "like, I'm going to make it all back in one trade. That's not usually the way it works, right?"}, {"start": "00:21:04", "end": "00:21:10", "text": "It's like when you're playing blackjack and you lose a hand, and you're like, \"Oh, I'll just double my next bet.\" You want to know? Uh, I'll tell you guys"}, {"start": "00:21:10", "end": "00:21:15", "text": "a story that uh uh she going to murder me for telling you guys this, but today's episode is brought to you by"}, {"start": "00:21:15", "end": "00:21:20", "text": "Defi Development Corp. Global Wealth today exceeds $500 trillion. Yet, crypto"}, {"start": "00:21:20", "end": "00:21:28", "text": "still represents less than 1% of that total. Defi Development Corp., NASDAQ ticker DFD, offers investors a new way"}, {"start": "00:21:28", "end": "00:21:33", "text": "to gain exposure to one of the most disruptive technologies of our time, crypto infrastructure. As crypto and"}, {"start": "00:21:33", "end": "00:21:40", "text": "Treadfi veterans, the DFTV team is building the first Salana focused public treasury. They're accumulating soul to"}, {"start": "00:21:40", "end": "00:21:45", "text": "give shareholders direct exposure to what they believe is the definitive crypto infrastructure, poised to capture"}, {"start": "00:21:45", "end": "00:21:53", "text": "a significant share of the $2.4 trillion in revenue generated from global value transfer each year. DFTV believes"}, {"start": "00:21:53", "end": "00:21:58", "text": "Salana's position to disrupt the world and aims to provide investors with one of the most levered ways to participate"}, {"start": "00:21:58", "end": "00:22:04", "text": "in that upside by tapping into capital markets fundraising, leading the way in onchain innovation, maximizing yield,"}, {"start": "00:22:04", "end": "00:22:11", "text": "and launching similar public vehicles in key international markets. To learn more about why DFDV believes soul represents"}, {"start": "00:22:11", "end": "00:22:19", "text": "a transformative opportunity and why DFD is the best way to capitalize on it, visit dfdv.com/bump."}, {"start": "00:22:19", "end": "00:22:25", "text": "That's dfdv.com/pom. Hi, I'm Matt Hogan, CIO of crypto asset"}, {"start": "00:22:25", "end": "00:22:33", "text": "manager Bitwise. Look, crypto can be confusing. There's so much noise and the space changes so quickly. That's why"}, {"start": "00:22:33", "end": "00:22:38", "text": "every week I write a 5-minute memo on the biggest stories impacting crypto in"}, {"start": "00:22:38", "end": "00:22:45", "text": "plain English. Why is Bitcoin up or down? What are people missing? Where should investors look next? Get the"}, {"start": "00:22:45", "end": "00:22:51", "text": "lowdown every week. Sign up to get the weekly CIO memo delivered straight to your inbox. Go to"}, {"start": "00:22:51", "end": "00:22:58", "text": "bitwiseinvestments.com/cio memo. That's bitwiseinvestments.com/ciio"}, {"start": "00:22:58", "end": "00:23:05", "text": "memo. Carefully consider the extreme risks associated with crypto before investing. Uh and I went to Las Vegas uh once got"}, {"start": "00:23:05", "end": "00:23:11", "text": "to speak at a conference. So I said, \"Why don't you come with? We're just dating at the time, you know, so you still got to like be on your best behavior.\""}, {"start": "00:23:11", "end": "00:23:16", "text": "And uh so I said, \"Uh, have you ever been to uh uh the casino?\" And she said,"}, {"start": "00:23:16", "end": "00:23:22", "text": "\"No.\" I said, \"Me either.\" So, you know, let's go uh let's go check it out for the first time together."}, {"start": "00:23:22", "end": "00:23:27", "text": "Like, tables over there. I don't know how this works. Let's go over. And uh"}, {"start": "00:23:27", "end": "00:23:33", "text": "so, so we went and uh I I said to her, I said, \"Look, there's a lot of games and stuff, but uh the only game that I think"}, {"start": "00:23:33", "end": "00:23:38", "text": "she really felt like uh uh she had a handle on was blackjack.\" I said, \"Okay, let's go. Let's go do this.\" And"}, {"start": "00:23:38", "end": "00:23:44", "text": "sometimes it pays to not be overthinking it, right? Rules are pretty simple."}, {"start": "00:23:44", "end": "00:23:50", "text": "cards come out. Yes. Yeah. But whatever. So, she had a stack of uh chips, you"}, {"start": "00:23:50", "end": "00:23:56", "text": "know, not not a big stack, but you know, not a small stack either. She's sitting there, she was playing, and the stack started to grow. And she didn't realize"}, {"start": "00:23:56", "end": "00:24:01", "text": "that every time that she would win a little bit when she was focused on the game, I would take some of the chips and"}, {"start": "00:24:01", "end": "00:24:09", "text": "I put it in my pocket, right? And so, at some point, guess what happened? She was out of chips, right? And she l She goes,"}, {"start": "00:24:09", "end": "00:24:15", "text": "\"Oh, we lost all our money.\" I said, \"Yeah, that's a shame.\" I said, \"Uh, but good news is,\" and I reached in my pocket. I said, \"I got all this right"}, {"start": "00:24:15", "end": "00:24:21", "text": "here.\" She was ecstatic, right? She was like, \"Where'd that come from?\" I was taking it off the table. And so, it's"}, {"start": "00:24:21", "end": "00:24:26", "text": "easier to give that advice. It's easier to do it for somebody else than it is to do it for yourself, right? Especially when you're on a hot streak, right? You"}, {"start": "00:24:26", "end": "00:24:32", "text": "get on the blackjack table, you think, \"Let's go. I'm smarter.\" Of course, taking those chips off the table, now"}, {"start": "00:24:32", "end": "00:24:40", "text": "all of a sudden, you knew when to walk away. So, again, small dollars, right? Literally gambling. So, uh that is"}, {"start": "00:24:40", "end": "00:24:47", "text": "ultimately investing wise. How many people have the discipline to say, you know what, something's run up significantly? If you bought, I don't"}, {"start": "00:24:47", "end": "00:24:55", "text": "know, some asset at 20 bucks a share and it goes to a hundred and you're like, I think it's going to 120, maybe, maybe"}, {"start": "00:24:55", "end": "00:25:01", "text": "it's going to 60. Right? Again, that's what makes investing hard is it's not just about buying the right asset. I I"}, {"start": "00:25:01", "end": "00:25:08", "text": "am now a very big believer that investing the hardest part is not buying, it's actually selling. I cannot"}, {"start": "00:25:08", "end": "00:25:15", "text": "tell you how many assets that I have said that asset's going to go up and I'm willing to bet on it. And I bought it."}, {"start": "00:25:15", "end": "00:25:21", "text": "It went up significantly and then I was like, uhoh, what do I do now? When do I sell? I don't want to"}, {"start": "00:25:21", "end": "00:25:27", "text": "have the regret of selling too early and it keeps going. I also don't want to have the regret of not selling and then"}, {"start": "00:25:27", "end": "00:25:33", "text": "it goes back down. How do you know? So the selling is actually a very, very"}, {"start": "00:25:33", "end": "00:25:40", "text": "hard part. Now again, people may look at their portfolio and be like, \"Oh my god, Paul's talking about selling. Oh, this is crazy. So he's sell.\" Again, think"}, {"start": "00:25:40", "end": "00:25:46", "text": "for a second. If you have a portfolio where you have real estate, you've got some public equities, maybe you got some"}, {"start": "00:25:46", "end": "00:25:52", "text": "Bitcoin, right? Um maybe you've got some private investment you've made, uh and maybe you even got some collectible"}, {"start": "00:25:52", "end": "00:25:59", "text": "stuff. What you have to do is you have to look at your portfolio and say, it's not just about do I buy or sell 100% of my"}, {"start": "00:25:59", "end": "00:26:05", "text": "portfolio. You have to think about, okay, well, what's liquid? what's not liquid? What could I get liquidity on?"}, {"start": "00:26:05", "end": "00:26:11", "text": "What could I not get liquidity on? Okay, then you have to start thinking about, well, how do I want to derisk at certain"}, {"start": "00:26:11", "end": "00:26:17", "text": "times? And guess what? There's a lot of people who would say, you know what, I'm not selling my public stocks, but I'll"}, {"start": "00:26:17", "end": "00:26:23", "text": "sell the collectibles I got. I don't know, my kid bought me a Charizard card, and that's probably not going to be a thing in 5 years. Like, let's sell that"}, {"start": "00:26:23", "end": "00:26:28", "text": "thing. But there's other people who are like, you know what, I think that the public equities I own are too overvalued, so I'm going to sell that"}, {"start": "00:26:28", "end": "00:26:34", "text": "and I'm actually going to go buy another Charizard card. That's what makes a market. That's the beauty of a market is"}, {"start": "00:26:34", "end": "00:26:39", "text": "that you have people with different things that they're optimizing for, different viewpoints, different uh decisions and they're all coming together and they're trying to figure it"}, {"start": "00:26:39", "end": "00:26:47", "text": "out. And so I just think that uh finance in general, the internet for sure, everyone is obsessed with buying. There"}, {"start": "00:26:47", "end": "00:26:53", "text": "is not enough talk about how do you sell well? And I'll give you this is uh there's a very famous venture capitalist"}, {"start": "00:26:53", "end": "00:26:58", "text": "that uh I was at a dinner with and uh I was like thinking about this very aggressively at the time maybe a year"}, {"start": "00:26:58", "end": "00:27:03", "text": "ago or so and I said to him I said um you know so and so um can I ask you a"}, {"start": "00:27:03", "end": "00:27:10", "text": "weird question? He was like uh sure which is a great way to ask a weird question. I don't know if you saw Bill Aman you know like may I meet you? Yeah."}, {"start": "00:27:10", "end": "00:27:17", "text": "Yeah. The like intellectual version is like can I ask you a weird question? Immediately they're like uh okay. And they're prepared right? May I meet you?"}, {"start": "00:27:17", "end": "00:27:23", "text": "Can I ask you a weird question? So, can I ask you a weird question? He said, 'Yeah. I said, 'Uh, how do you sell?' He said, 'What do you mean?' I said, 'Well,"}, {"start": "00:27:23", "end": "00:27:28", "text": "you know, I'm convinced now selling is more important than buying. How whatever. And he said to me, he goes, when I invest in a private company and"}, {"start": "00:27:28", "end": "00:27:35", "text": "it goes public, I got a rule of thirds. Okay, what's that? He goes, on IPO day, I sell one-third. He goes, I either sell"}, {"start": "00:27:35", "end": "00:27:42", "text": "before or literally, you know, on that day. He goes, when the lockup expires, I sell another third, and I never sell the"}, {"start": "00:27:42", "end": "00:27:48", "text": "last third. And he goes, so I'm guaranteed to get money when it's going public. I'll take what the market gives"}, {"start": "00:27:48", "end": "00:27:54", "text": "me when the lockup expires, usually six months later, and then I got a third where I'll never regret not not selling"}, {"start": "00:27:54", "end": "00:27:59", "text": "that. And he goes, it could go to zero. It could go to the moon, whatever. A third, a third, a third. It's probably"}, {"start": "00:27:59", "end": "00:28:04", "text": "one of the best things that I've ever heard someone say in terms of how they systematically think about it. He goes, I just remove all emotion. A third, a"}, {"start": "00:28:04", "end": "00:28:10", "text": "third, a third. Now, the whole thing about Bitcoin and cryptocurrencies is"}, {"start": "00:28:10", "end": "00:28:16", "text": "there's no private going to public. There's no lock up. There's all stuff, right? So you could do it timebased, you"}, {"start": "00:28:16", "end": "00:28:21", "text": "could do it based on a percentage of your portfolio like well whatever your thing is but thinking about how do you"}, {"start": "00:28:21", "end": "00:28:27", "text": "do this now the opposite is also true you have dollars there's a lot of people"}, {"start": "00:28:27", "end": "00:28:33", "text": "who need to be selling their dollars for something else right so to the people who have too much cash some people I"}, {"start": "00:28:33", "end": "00:28:40", "text": "know there's one guy I know who's very good trader right made a lot of money for himself he's sitting in right now I'm almost 100% cash and he's just"}, {"start": "00:28:40", "end": "00:28:46", "text": "saying to himself he's like look man I don't know what's going to happen I'm just sitting here and I I'll figure it out there's a lot of people sitting in a lot of cash."}, {"start": "00:28:46", "end": "00:28:51", "text": "Well, money market funds obviously are high, interest rates are up, right? You get uh the interest, all that kind of stuff. So, I think that's what people"}, {"start": "00:28:51", "end": "00:28:57", "text": "are trying to figure out. It's just like, what do I do? Right? When uncertainty rules the day, everyone asks"}, {"start": "00:28:57", "end": "00:29:04", "text": "themselves, \"What do I do?\" And the truth is, nobody knows. But that's okay. Everyone just chill out. Be in the"}, {"start": "00:29:04", "end": "00:29:09", "text": "long-term lounge. Don't be at the gambling table. The gambling table is fun,"}, {"start": "00:29:09", "end": "00:29:15", "text": "but the house usually wins. So, I agree that people should be long-term investors. You in the long-term lounge? Are you in the"}, {"start": "00:29:15", "end": "00:29:22", "text": "long-term lounge? I'm in the long-term lounge. Yes, I agree people should be long-term investors. But there's a school for thought where every time that you do not"}, {"start": "00:29:22", "end": "00:29:27", "text": "sell, it's a decision to buy and vice versa. Every time you buy, you're actively saying I am not selling because"}, {"start": "00:29:27", "end": "00:29:32", "text": "I'm like participating in the Yeah. Would I would I buy again at this level 100%. Now, that's not always true."}, {"start": "00:29:32", "end": "00:29:38", "text": "Just caveat which is like uh for example, you may not want to sell because of taxes, right? You don't want to interrupt"}, {"start": "00:29:38", "end": "00:29:44", "text": "compounding all that. But for generally I agree with you that that is part of the analysis is like would I buy this asset today at this price?"}, {"start": "00:29:44", "end": "00:29:51", "text": "So my thinking is uh how many times do you take your chips off the table, right? I love that analogy of playing"}, {"start": "00:29:51", "end": "00:29:57", "text": "blackjack and slowly slipping some chips into your pocket because at the end of the day you're just like hey look like as as long as I walk away from this"}, {"start": "00:29:57", "end": "00:30:04", "text": "table and I still got maybe my initial investment I had a bunch of fun. I got some free drinks from the casino blah blah blah. But when do you think about,"}, {"start": "00:30:04", "end": "00:30:09", "text": "okay, let me take my personal chips off the table and say, \"Okay, cool. I put $100 into an asset. It ran up to a,000."}, {"start": "00:30:09", "end": "00:30:15", "text": "Let me just shave a little. Let me let me just put a little in my pocket.\" Historically, uh, I've been very bad at"}, {"start": "00:30:15", "end": "00:30:22", "text": "it because coming from, uh, early stage technology investing, you you never sell. It's all a power law"}, {"start": "00:30:22", "end": "00:30:28", "text": "and it's illquid as Well, it's illquid, but also just like there's times, you know, secondaries, tenders, things like that. But like it's just like the power"}, {"start": "00:30:28", "end": "00:30:35", "text": "laws, the best companies continue compounding and you will always regret selling. And the ones that are going to zero, you're not playing for don't lose"}, {"start": "00:30:35", "end": "00:30:41", "text": "my money. You're playing for how do I get a,000x? That's not really the game in liquid assets. Very different. And"}, {"start": "00:30:41", "end": "00:30:47", "text": "so, um, that has probably been one of the things I spent a lot of time on over the last couple years is, um, how how do"}, {"start": "00:30:47", "end": "00:30:53", "text": "you think about this, right? I mean, if you think about um you know, take uh take"}, {"start": "00:30:53", "end": "00:31:00", "text": "there's a lot of companies, right? I don't I don't want to say the name of me. Um but if you uh if you bought the stock, let's say, you know, uh sub $5"}, {"start": "00:31:00", "end": "00:31:06", "text": "and it runs up three or 400% very quickly, do you sell? Do you not sell? Well, it's"}, {"start": "00:31:06", "end": "00:31:11", "text": "kind of like what do you think is going to happen? How long do you expect to hold this thing? Right? There's a lot of"}, {"start": "00:31:11", "end": "00:31:16", "text": "folks who would say if I get a double in a week, I'm out. I don't give a if it goes up, whatever. Like my annualized"}, {"start": "00:31:16", "end": "00:31:22", "text": "rate on that is crazy. There's other people who look at it and say, \"Well, if I get a double, I'm going to buy more of"}, {"start": "00:31:22", "end": "00:31:28", "text": "it because of momentum.\" There's other people who say, \"Well, actually, I'm going to hold this for a year regardless"}, {"start": "00:31:28", "end": "00:31:35", "text": "of what happen.\" Like, everyone's got a different strategy. And so, it's just like, what what is your game? My game is long-term lounge. I generally found that"}, {"start": "00:31:35", "end": "00:31:41", "text": "uh a lot of younger people, Bitcoin was not a large portion of their net worth originally, but it grew to that, right?"}, {"start": "00:31:41", "end": "00:31:48", "text": "And now they're sitting here thinking, \"Okay, cool. I put 10% of my net worth in it. Same random number.\" uh and it grew to 50 60% given the appreciation of"}, {"start": "00:31:48", "end": "00:31:54", "text": "the asset. Congratulations. And now they're sitting here going, \"Okay, now it's back at 50. How are they"}, {"start": "00:31:54", "end": "00:32:00", "text": "thinking about it?\" I mean, look, it's uh if you're a young person, you got a lot of time on your side, right? And so, if you have an"}, {"start": "00:32:00", "end": "00:32:06", "text": "asset that continues to compound, even at 20 or 30%. Just let it ride. Like the the the other thing that I think people"}, {"start": "00:32:06", "end": "00:32:13", "text": "especially young people don't uh spend a lot of time on is um if you've had some sort of investing success and you think"}, {"start": "00:32:13", "end": "00:32:18", "text": "that you're holding a great asset that you could hold forever like let's say Bitcoin."}, {"start": "00:32:18", "end": "00:32:24", "text": "Too many people look at their portfolio as a finite supply of capital and say"}, {"start": "00:32:24", "end": "00:32:29", "text": "well if I want to buy this other thing then I need to sell the first thing. Do I really want to do that? That's one way"}, {"start": "00:32:29", "end": "00:32:36", "text": "to look at it. Another way, especially when you're younger, is okay, I bought Bitcoin. Let's say it was 10%. Now it's"}, {"start": "00:32:36", "end": "00:32:41", "text": "50% of my portfolio. I'm never selling it. I'm gonna give it to my children one day. Okay, guess what? I want to buy"}, {"start": "00:32:41", "end": "00:32:48", "text": "more assets. I got to go make more money. Let's grow the pie of assets that we have to invest. And when I go and I make"}, {"start": "00:32:48", "end": "00:32:54", "text": "more money via income or other things, then I know where it's going to go. And so I'm growing the pie over time, but I"}, {"start": "00:32:54", "end": "00:32:59", "text": "don't want to actually sell the thing that I want to hold forever because I don't want the tax benefit or the tax"}, {"start": "00:32:59", "end": "00:33:06", "text": "hit. I don't want to have to actually go through the decision of selling and what am I going to replace it with all this stuff. So actually my game is I'm saving"}, {"start": "00:33:06", "end": "00:33:12", "text": "into my portfolio. I have a portfolio construction that I've agreed to. So I have, you know, 50% Bitcoin. I've got 3%"}, {"start": "00:33:12", "end": "00:33:19", "text": "you know what Palanteer. I've got 5% Birkshire Hathaway. I've got uh you know some bonds in there, whatever, right?"}, {"start": "00:33:19", "end": "00:33:25", "text": "And as I make income, I then put it in there and I invest it into that portfolio. That's a whole another way to"}, {"start": "00:33:25", "end": "00:33:31", "text": "do it. So there's there's no one way to do it, right? It's just like what is the plan and then be disciplined. And the"}, {"start": "00:33:31", "end": "00:33:37", "text": "problem is most people don't even have a plan. They're like yoloing around like oh I saw this you know my barber said"}, {"start": "00:33:37", "end": "00:33:43", "text": "this. I saw this on TV. John texted me. Let me go buy this. You know whatever. So there's another school of thought"}, {"start": "00:33:43", "end": "00:33:49", "text": "that I think about which is you don't actually need to worry about how do I get a 1000x gain. What you need to worry"}, {"start": "00:33:49", "end": "00:33:54", "text": "about is how do I avoid the 80% draw downs right? and actually avoiding the big draw downs in your portfolio will be"}, {"start": "00:33:54", "end": "00:34:00", "text": "more beneficial than trying to go chase the asymmetric return a lot of the time. Maybe"}, {"start": "00:34:00", "end": "00:34:06", "text": "in the long-term lounge that I'm in, you know, there's two sections in the long-term lounge. One is uh uh the the"}, {"start": "00:34:06", "end": "00:34:13", "text": "the boring people and one are the people who like, you know, they like a little excitement. Uh I actually want to see"}, {"start": "00:34:13", "end": "00:34:19", "text": "some investments I'm making go to zero or significantly draw down because I still want asymmetry."}, {"start": "00:34:19", "end": "00:34:27", "text": "So, I'm okay if I made an asymmetric investment. It was just asymmetric to the wrong way. I was wrong. Okay, fine."}, {"start": "00:34:27", "end": "00:34:33", "text": "Positioned it correctly. But what I'm looking for is volatility, right? And so, it had volatility against me. Okay,"}, {"start": "00:34:33", "end": "00:34:38", "text": "I lost money. But that means if I keep finding assets that have volatility like that and have asymmetry, the ones that"}, {"start": "00:34:38", "end": "00:34:44", "text": "go in my direction, I have 1x downside. When it goes against me, I have unlimited upside. Bitcoin was like the"}, {"start": "00:34:44", "end": "00:34:50", "text": "perfect bet, especially, you know, a couple years ago. $3,000 Bitcoin, thousand Bitcoin, right? You could"}, {"start": "00:34:50", "end": "00:34:55", "text": "basically say, \"Well, what if this thing goes 10x 100x, right? Super asymmetric."}, {"start": "00:34:55", "end": "00:35:01", "text": "I can only lose onex on the downside. I have unlimited upside.\" It's kind of like venture capital where you you're placing money out of a fund"}, {"start": "00:35:01", "end": "00:35:08", "text": "into, you know, say 100 companies. You're expecting that two to three of those companies are actually going to provide all of the returns to the fund"}, {"start": "00:35:08", "end": "00:35:13", "text": "and the other 97 are going to zero. Yeah. I mean, look, it's very hard to describe my personal investing style"}, {"start": "00:35:13", "end": "00:35:19", "text": "because it takes from a bunch of these different disciplines and puts it together, right? There's a venture capital component to it. There's like a"}, {"start": "00:35:19", "end": "00:35:25", "text": "cash flow, private equity component to it. There is what I would consider kind of like a retail driven uh social"}, {"start": "00:35:25", "end": "00:35:32", "text": "understanding component to it, right? All these things you want to kind of put it together and make it your own. So, my style is very unique compared to maybe"}, {"start": "00:35:32", "end": "00:35:38", "text": "somebody else. But there's plenty of people who like I got friends who are incredibly smart. They play games I don't even understand. and they start"}, {"start": "00:35:38", "end": "00:35:43", "text": "talking and I'm just like, \"Oh boy, let me get out the dictionary.\" This dude's smart, right? Guess what? They got great"}, {"start": "00:35:43", "end": "00:35:49", "text": "returns. I couldn't even explain to you how they do it."}, {"start": "00:35:49", "end": "00:35:54", "text": "Okay? Doesn't mean they're right and I'm wrong. Doesn't mean that I'm right and they're wrong. It's just two different styles. That's fine. Just find your"}, {"start": "00:35:54", "end": "00:35:59", "text": "game. Play it. All right. I think that's all I got for you today. All right. Can uh can we make a little"}, {"start": "00:35:59", "end": "00:36:05", "text": "bit of fun here at the end for people who made it to the end? Yeah. Bitcoin is higher or lower than 90,000 by the end of the year."}, {"start": "00:36:05", "end": "00:36:11", "text": "By the end of the year. Yeah. Lower. Lower. I'm gonna ask you the same question."}, {"start": "00:36:11", "end": "00:36:17", "text": "Well, I don't know. That's why I got to ask you first. I actually don't know. I've been asking every single person that uh that I know."}, {"start": "00:36:17", "end": "00:36:23", "text": "Basically, are we uh do we top out? Are we going lower? Or are we going to see Bitcoin uh recover? I have no clue."}, {"start": "00:36:23", "end": "00:36:28", "text": "I've been under the boat, and I'll just give my uh my thinking. I've been under the boat that um things have been very"}, {"start": "00:36:28", "end": "00:36:36", "text": "elevated for a very long period of time. Especially this younger generation has not seen pain like we might see. We"}, {"start": "00:36:36", "end": "00:36:42", "text": "might not, you know, assets could go up, equities could keep ripping, etc. Uh, but I I just think that when you look at"}, {"start": "00:36:42", "end": "00:36:48", "text": "the 2008 crash, 15 years it or uh 15 years it took back to get to the same level, that's uh that's a lot of pain"}, {"start": "00:36:48", "end": "00:36:55", "text": "that the old generation has that they they understand that the younger generation does not. Let's see what happens. All right, guys."}, {"start": "00:36:55", "end": "00:36:58", "text": "See you next week."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Bitcoin has a market cap where history will tell you when you get to this level, you're real. Like, you don't have"}, {"start": "00:00:06", "end": "00:00:11", "text": "to doubt it anymore. Could we go to 80,000? I guess we could if the stock market falls off. But I don't think the"}, {"start": "00:00:11", "end": "00:00:17", "text": "S&P is going to fall up. I think we're at the end of a liquidation of growth stocks and that next year growth will"}, {"start": "00:00:17", "end": "00:00:23", "text": "not be a good factor. The narrative is bad right now because the price is bad. If the price is back up, the narrative"}, {"start": "00:00:23", "end": "00:00:29", "text": "will be very good. What's going on, guys? Today we got a great conversation with Jordy Visser. In this conversation, we're going to talk"}, {"start": "00:00:29", "end": "00:00:36", "text": "about the recent sell-off in asset prices, why no catalyst may actually have you thinking differently about your portfolio, how you can also see maybe"}, {"start": "00:00:36", "end": "00:00:41", "text": "where capital is going to rotate next. Jordy shares a bunch of really unique ideas of where he thinks returns are"}, {"start": "00:00:41", "end": "00:00:47", "text": "going to come from over the next 12, 14, 16 months, and then lastly, of course, we got to talk about Bitcoin. What's"}, {"start": "00:00:47", "end": "00:00:52", "text": "going on with the price? Why is it not performing? Should you be worried? And whether we are actually entering it to a"}, {"start": "00:00:52", "end": "00:00:58", "text": "bare market or not. All that and much more this week with Jordy Visser. All right, Jordy, I thought this week we could start off uh people are very"}, {"start": "00:00:58", "end": "00:01:03", "text": "worried about asset prices selling off. We've seen tech stocks sell off. We've seen Bitcoin sell off. Uh and maybe a"}, {"start": "00:01:03", "end": "00:01:09", "text": "big difference between April and today. In April, everyone knew what the catalyst was. President of the United"}, {"start": "00:01:09", "end": "00:01:15", "text": "States comes out with a science fair uh poster and he says, \"Hey, here's all the tariffs we're going to do. People freak out. Empty shelves. Great Depression is"}, {"start": "00:01:15", "end": "00:01:22", "text": "coming. World's ending. You know, sell everything. Got it.\" I don't know if there's really a catalyst that you can point to as to"}, {"start": "00:01:22", "end": "00:01:27", "text": "what's driving this selloff in the same way. All right. So, this will be my chance to"}, {"start": "00:01:27", "end": "00:01:33", "text": "kind of uh spend at least the beginning part of this talking about things that I've known and learned over"}, {"start": "00:01:33", "end": "00:01:42", "text": "the years about about trading and about markets. And I think for people I know there's a lot of people who who trade"}, {"start": "00:01:42", "end": "00:01:47", "text": "um and they don't think about the macro environment. So, normally, like you said, when liberation day is happening,"}, {"start": "00:01:47", "end": "00:01:52", "text": "it's easy for people to kind of think about, well, this is happening because of this. I don't believe this is"}, {"start": "00:01:52", "end": "00:01:58", "text": "rational. Let me go. That's not what's happening right now. So, you mentioned a lot of things that are falling. Here's"}, {"start": "00:01:58", "end": "00:02:04", "text": "what's not falling. The S&P 500, as of yesterday's close, was down one and a half% for the month, and it was still up"}, {"start": "00:02:04", "end": "00:02:09", "text": "14% for the year. Uh Goldman Sachs and JP Morgan made new all-time highs in the"}, {"start": "00:02:09", "end": "00:02:15", "text": "last 6 days. That's not a bare market. So, I think uh"}, {"start": "00:02:15", "end": "00:02:21", "text": "I'm going to I'm going to bring a little bit of uh insight to people on what happens this time of year because a lot"}, {"start": "00:02:21", "end": "00:02:27", "text": "goes on in October, November, December that I think people that are trading should kind of keep in the back of their"}, {"start": "00:02:27", "end": "00:02:34", "text": "mind, take it out every year when they get into it. Um and this leads to a personal recommendation, you know, for"}, {"start": "00:02:34", "end": "00:02:40", "text": "everyone, especially in Bitcoin since a lot of the audience is there. uh we get caught in these emotional moments and"}, {"start": "00:02:40", "end": "00:02:47", "text": "then six months later if Bitcoin's 120,000 everyone forgets them. So these"}, {"start": "00:02:47", "end": "00:02:52", "text": "moments happen. They're part of just our lives and they're part of trading. So"}, {"start": "00:02:52", "end": "00:03:00", "text": "the way my father always taught me, hey, if the way you're betting is not making sense, then just sit out a couple races."}, {"start": "00:03:00", "end": "00:03:05", "text": "And because he was handicapping horse races, he said, wait until you get things that you really like. So, if you"}, {"start": "00:03:05", "end": "00:03:12", "text": "think something is off at three is off on the board at 20 to1 and you think it should be 5 to one, that's a good"}, {"start": "00:03:12", "end": "00:03:17", "text": "spread. If you think something should be 5:1 and it's 7 to1, sit that one out."}, {"start": "00:03:17", "end": "00:03:23", "text": "Like, don't look for a little bit of value, look for big value. And the fat pitches that buff it with the fat pitch. That's exactly it. And I"}, {"start": "00:03:23", "end": "00:03:29", "text": "and I I don't think the panic at the market level is there. But here's what's happening."}, {"start": "00:03:29", "end": "00:03:35", "text": "we've seen since Oracle. So, I want people to go back to the day cuz I was actually at a Robin Hood event the day"}, {"start": "00:03:35", "end": "00:03:43", "text": "that Oracle released earnings and it gapped up 30%. One of the largest moves by a big stock ever. May have been it"}, {"start": "00:03:43", "end": "00:03:50", "text": "was a 30% gain for a stock that approached that day a trillion dollars in market cap. Since that day, it peaked"}, {"start": "00:03:50", "end": "00:03:57", "text": "and it's been going down and now its debt is selling off. CDS of Ford is going up. So, we've hit a new point and"}, {"start": "00:03:57", "end": "00:04:03", "text": "this started with Oracle. Then we had the Fed rate cut in September and again"}, {"start": "00:04:03", "end": "00:04:10", "text": "a lot of things shifted and I've talked on here about unwind trades that were happening first at the quant level but"}, {"start": "00:04:10", "end": "00:04:16", "text": "now it's starting to spread. Retail also got hurt. Now when retail got hurt is when we started to get into October."}, {"start": "00:04:16", "end": "00:04:23", "text": "gold peaked, but more importantly, these power like Ollo and a lot of these names"}, {"start": "00:04:23", "end": "00:04:29", "text": "that have no revenue, they started to get hit hard. And a lot of these names, quantum names, uh, nuclear names,"}, {"start": "00:04:29", "end": "00:04:34", "text": "they're down 40 to 60%. And these were big call option names,"}, {"start": "00:04:34", "end": "00:04:42", "text": "these were big thing. Then you had Palunteer come out. So, you can see kind of the dominoes that are playing out that lead to a rotation. Now, I wrote a"}, {"start": "00:04:42", "end": "00:04:47", "text": "paper this week about Coreweave. There was a great post by uh someone Kai"}, {"start": "00:04:47", "end": "00:04:55", "text": "Woo. I don't know if you've ever seen him, but he posted something about how companies that have lots of capex, how"}, {"start": "00:04:55", "end": "00:05:00", "text": "they typically do. We're at a weird point in the cycle. So, the S&P is barely off the all-time"}, {"start": "00:05:00", "end": "00:05:06", "text": "highs. We have all these companies that have done a tremendous amount of capex. And now with Coreweave, we actually saw"}, {"start": "00:05:06", "end": "00:05:14", "text": "a company that had to cut their capex guidance, not for all the bubble reasons, but because we have shortages"}, {"start": "00:05:14", "end": "00:05:19", "text": "of physical stuff. And so I believe that we're in a late cycle type trade."}, {"start": "00:05:19", "end": "00:05:26", "text": "Commodities, the Bloomberg commodity index made a three-year high this week. That's not typical in a slow growth"}, {"start": "00:05:26", "end": "00:05:31", "text": "period. The market is rotating away from what has worked now for two to three"}, {"start": "00:05:31", "end": "00:05:37", "text": "years. And these are companies that to me have made a peak. So growth as a"}, {"start": "00:05:37", "end": "00:05:43", "text": "factor has made a peak. And I believe now we're going to be in a period where there are new things that are going to"}, {"start": "00:05:43", "end": "00:05:49", "text": "be leadership. The reason I said November is an important time period. October is when mutual fund tax loss"}, {"start": "00:05:49", "end": "00:05:55", "text": "selling typically happens. 50% of the S&P 1500, believe it or not, is down for"}, {"start": "00:05:55", "end": "00:06:02", "text": "the year. So there was a lot of selling that went on in that that caused some of the disruption. Then you get into November, you've got the bank's end of"}, {"start": "00:06:02", "end": "00:06:08", "text": "year. And as traders and someone who worked at a bank, you have no upside in November. So you don't take as much"}, {"start": "00:06:08", "end": "00:06:14", "text": "risk. That leads to if people come in to buy call options, you're like, I'm not going to get in a position where I sell too much. So you start widening out your"}, {"start": "00:06:14", "end": "00:06:21", "text": "markets. People get trapped. At the same time, buybacks start to slow down because we go in the blackout period and"}, {"start": "00:06:21", "end": "00:06:27", "text": "they're really important this time of year. They're starting to kick back in now and they're gradually every week going to get bigger. But you end up with"}, {"start": "00:06:27", "end": "00:06:33", "text": "that kind of risk. And then you get into the hedge fund side. If you're someone who's had a good year this year, and I've talked to some of these portfolio"}, {"start": "00:06:33", "end": "00:06:38", "text": "managers over the course of the last couple weeks, they don't want to lose the bonus that they have and they're"}, {"start": "00:06:38", "end": "00:06:43", "text": "paid on a performance. So if they start losing money when the AI trade and the momentum trade unwinds, they're more"}, {"start": "00:06:43", "end": "00:06:48", "text": "likely to sell out of things. So when you put all these factors together and then you add in the fact that the people"}, {"start": "00:06:48", "end": "00:06:55", "text": "that have lost for the year are getting stopped out, I believe there's a massive rotation that is going to continue to go"}, {"start": "00:06:55", "end": "00:07:01", "text": "on. But we've already done enough damage for these names that are down 40 to 60%. Oracle's already gone down enough. We"}, {"start": "00:07:01", "end": "00:07:08", "text": "have Oracle's earnings coming out in 2 weeks. We have Nvidia coming out next week. I think the market will find a way"}, {"start": "00:07:08", "end": "00:07:13", "text": "to stabilize. And then once people kind of stop trading and they're like, \"Okay, I'm going to wait until the holidays are"}, {"start": "00:07:13", "end": "00:07:20", "text": "over. Then the buybacks will start to drift things higher.\" But I do think for people trading there, there's going to be new sectors that lead and a new story"}, {"start": "00:07:20", "end": "00:07:25", "text": "for next year for sure. Now, when we get towards the end of the year, there's a lot of people who say, well, maybe some"}, {"start": "00:07:25", "end": "00:07:31", "text": "fund managers will chase. Some people look at Q4 is normally really good performance. Uh, Bitcoin, I think"}, {"start": "00:07:31", "end": "00:07:36", "text": "average return in Q4 going back to like 2015 is like 60%, 59%. Um, there's all"}, {"start": "00:07:36", "end": "00:07:44", "text": "these things of like good performance, but then the uh dynamics you're talking about uh may be counter to that. Dan Ies"}, {"start": "00:07:44", "end": "00:07:49", "text": "came out uh on Friday morning and he said uh he remains firmly bullish. He"}, {"start": "00:07:49", "end": "00:07:55", "text": "believes that this is kind of a short-term panic and there is this sell-off but he sees us rallying hard"}, {"start": "00:07:55", "end": "00:08:01", "text": "into the end of the year. Um Eric Balchunis uh pointed out that uh on Thursday and Friday of this week uh"}, {"start": "00:08:01", "end": "00:08:08", "text": "there was actually pretty low volume. There was a spike but it wasn't even in the top 20 days from a volume perspective and therefore that usually"}, {"start": "00:08:08", "end": "00:08:15", "text": "signals some to type of short-term lived draw down rather than like a full-on panic where you get a really big spike"}, {"start": "00:08:15", "end": "00:08:20", "text": "of volume. And so he's like again who knows what'll happen but that that's kind of a bullish sign. And then you've"}, {"start": "00:08:20", "end": "00:08:26", "text": "got somebody like Orion Dietrich from Carson Group who points out that Monday, Tuesday, Wednesday this year have been"}, {"start": "00:08:26", "end": "00:08:32", "text": "fantastic performance. Thursday, Friday has actually all year long been negative and Thursday being the biggest draw down"}, {"start": "00:08:32", "end": "00:08:39", "text": "day of the week. When you look at those factors of what I would consider less like single name assets and more kind of"}, {"start": "00:08:39", "end": "00:08:44", "text": "structural or trendbased stuff, do we rally into the end of the year? Do"}, {"start": "00:08:44", "end": "00:08:50", "text": "we go sideways? Are you worried we go lower? Like how how do you start to think about okay, we got six weeks or so"}, {"start": "00:08:50", "end": "00:08:56", "text": "left into the end of the year here? Are you bullish, bearish, or or kind of agnostic? So, I'm bullish into the end of the"}, {"start": "00:08:56", "end": "00:09:02", "text": "year, but I want you to separate two of the people that you met and just and realize this is why why when I was"}, {"start": "00:09:02", "end": "00:09:08", "text": "talking about Ryan Dietrich is talking about the S&P 500, correct? Dan Ives is talking about the tech"}, {"start": "00:09:08", "end": "00:09:14", "text": "sector, correct? I do not agree that the tech sector is just going to continue to do what it done. I do not agree with that at all."}, {"start": "00:09:14", "end": "00:09:19", "text": "Um I I think we we've got a problem going on. That is the core thing. If if"}, {"start": "00:09:19", "end": "00:09:26", "text": "he didn't acknowledge Coreweave, and I haven't read what what Dana said, that was a warning sign uh that led me to"}, {"start": "00:09:26", "end": "00:09:32", "text": "writing a paper that at some point multiples matter. Explain a little bit more what is the"}, {"start": "00:09:32", "end": "00:09:38", "text": "corewave situation just so people fully understand. So um Coreweave"}, {"start": "00:09:38", "end": "00:09:45", "text": "came out with their earnings report and they said they had insatiable demand and that is the"}, {"start": "00:09:45", "end": "00:09:50", "text": "part that Dan Ies cares about. So for everyone listening when you're hearing"}, {"start": "00:09:50", "end": "00:09:56", "text": "tech at some point tech needs the infrastructure to be built out or it"}, {"start": "00:09:56", "end": "00:10:04", "text": "can't grow any faster. And what core said was, \"We're cutting our capex because we can't get the power shells"}, {"start": "00:10:04", "end": "00:10:10", "text": "from the data center.\" And what I basically said was at some point capex"}, {"start": "00:10:10", "end": "00:10:16", "text": "and capital needs concrete and there's no concrete. And it's metaphorical, but"}, {"start": "00:10:16", "end": "00:10:21", "text": "the reality is this is where we've talked about energy, energy, power,"}, {"start": "00:10:21", "end": "00:10:26", "text": "power. At some point, the gas turbine situation matters. So everyone who's"}, {"start": "00:10:26", "end": "00:10:32", "text": "been long GE VOVA are they going to be fine five years from now? Probably. But"}, {"start": "00:10:32", "end": "00:10:39", "text": "what people have to realize with the demand side that is going exponential at some point the commodity stuff is a"}, {"start": "00:10:39", "end": "00:10:44", "text": "necessity to make sure that the compute can actually happen. We have plenty of semiconductors. So that was a trade that"}, {"start": "00:10:44", "end": "00:10:50", "text": "I was more interested in. And I still think the semiconductors will be fine for next year. Although I'd be more"}, {"start": "00:10:50", "end": "00:10:56", "text": "looking for the names that are smaller. What Dan is depending on is that the buildout continues because if the"}, {"start": "00:10:56", "end": "00:11:01", "text": "buildout doesn't continue and what core we've said starts to like god forbid we hear the same thing from Nvidia and"}, {"start": "00:11:01", "end": "00:11:08", "text": "Oracle the AI trade will continue to unwind and what'll happen is multiple compression the earnings are still going"}, {"start": "00:11:08", "end": "00:11:16", "text": "to grow the orders are still there I mean Oracle still has a massive backord but back orders are only good if you can"}, {"start": "00:11:16", "end": "00:11:22", "text": "get the earnings and the dollars in the door and that's what I would be worried about for them I want to focus on the AI"}, {"start": "00:11:22", "end": "00:11:28", "text": "adopters. So why are banks making new highs? The opposite of capex is expense"}, {"start": "00:11:28", "end": "00:11:33", "text": "reduction. I want to be long the companies that are reducing expenses that are now going to"}, {"start": "00:11:33", "end": "00:11:39", "text": "benefit from AI. And I want to be involved in the biggest AI theme, which"}, {"start": "00:11:39", "end": "00:11:44", "text": "I'm going to do this weekend on my video for about half. I would say this weekend"}, {"start": "00:11:44", "end": "00:11:50", "text": "is the one weekend that for traders, if they haven't ever gone to YouTube and watched it, I will cover with charts a"}, {"start": "00:11:50", "end": "00:11:55", "text": "lot of the momentum stuff, a lot of the growth stuff, but I will also cover what I believe is going to be the biggest"}, {"start": "00:11:55", "end": "00:12:02", "text": "theme for next year, which is pharmaceuticals with AI. Interesting. Explain a little bit more just so people understand. Uh it's like"}, {"start": "00:12:02", "end": "00:12:08", "text": "drug discovery, it's drug development, it is something to do once the drug is already out there. How do you see that?"}, {"start": "00:12:08", "end": "00:12:14", "text": "So drugs are uh I mean they arguably are the most"}, {"start": "00:12:14", "end": "00:12:21", "text": "important thing and the most disruptive thing when you actually get solutions. So I I want people to go back to COVID"}, {"start": "00:12:21", "end": "00:12:26", "text": "um because when Maderna and if people haven't heard this,"}, {"start": "00:12:26", "end": "00:12:32", "text": "Maderna came out with the vaccine blueprint 2 days after they got the the"}, {"start": "00:12:32", "end": "00:12:40", "text": "uh the blueprint or the the the sequence from China. Once they had the virus details, the"}, {"start": "00:12:40", "end": "00:12:45", "text": "vaccine was created two days later. The blueprint that was before a single person in the United States was declared"}, {"start": "00:12:45", "end": "00:12:50", "text": "dead. So this is before it was even a market event. That's how quickly and it was all related to artificial"}, {"start": "00:12:50", "end": "00:12:57", "text": "intelligence. The stock that day was $20. A year and a half later it was $500."}, {"start": "00:12:57", "end": "00:13:03", "text": "And everyone remembers Maderna couldn't be stopped. And that was because they took what they had done and said, \"Oh,"}, {"start": "00:13:03", "end": "00:13:09", "text": "mRNA technology is going to change the world and we're going to cure everything.\" That is an S curve adoption"}, {"start": "00:13:09", "end": "00:13:14", "text": "scenario. like it will be involved in curing everything eventually but at the"}, {"start": "00:13:14", "end": "00:13:21", "text": "time it was too fast so the stock has basically cratered back down. Uh what"}, {"start": "00:13:21", "end": "00:13:29", "text": "happened in the last few weeks is Eli Liy which had been under pressure for a period of time mainly because the the"}, {"start": "00:13:29", "end": "00:13:35", "text": "uncertainty over what they were going to do with drug prices. Drug prices are really critical for a lot of people in"}, {"start": "00:13:35", "end": "00:13:43", "text": "the country and especially voters. So and inflation. So, we want drug prices to go down. So, Eli Liy announced number"}, {"start": "00:13:43", "end": "00:13:49", "text": "one, they're building a massive AI drug factory, and they announced it with"}, {"start": "00:13:49", "end": "00:13:55", "text": "Nvidia. Number two, for people who don't know, they've had a partnership now for"}, {"start": "00:13:55", "end": "00:14:02", "text": "almost two years, if not two years, with Google DeepMine, their their lab, which is Isomorphic"}, {"start": "00:14:02", "end": "00:14:10", "text": "Labs, and Incilico, this company. Now, Isomorphic Labs is an AI generated group"}, {"start": "00:14:10", "end": "00:14:15", "text": "from DeepMind where they're trying to solve everything. So, they are the group that had Alpha Fold 3. AlphaFold 3,"}, {"start": "00:14:15", "end": "00:14:23", "text": "which came out two years ago, led to Demisabus. Actually, Alphold 3 came out last year. It led to Demisabus"}, {"start": "00:14:23", "end": "00:14:29", "text": "from Google Deep Mind the Head, one of the leaders of Google getting the Nobel Prize. and he said in"}, {"start": "00:14:29", "end": "00:14:36", "text": "January of this year and he said it on a 60 minutes which everyone should go wa watch by the end of this year we will"}, {"start": "00:14:36", "end": "00:14:42", "text": "have AI uh drugs going into clinical trials now what this will do is people will start"}, {"start": "00:14:42", "end": "00:14:48", "text": "to realize how much is spent on R&D both time and massive amounts of money where"}, {"start": "00:14:48", "end": "00:14:55", "text": "90% of every drug never even make it to trial so the failure rate is very high so the amount of money wasted on things"}, {"start": "00:14:55", "end": "00:15:02", "text": "what they're doing is saying no this is the blueprint like Maderna that's going to get you this. What Encilico does is"}, {"start": "00:15:02", "end": "00:15:08", "text": "they're the engineer that goes through and starts creating what would actually work and then Eli Liy is the"}, {"start": "00:15:08", "end": "00:15:15", "text": "manufacturer. So this is kind of like this process of going from idea to solve a problem. Oh, okay. Let's test it out"}, {"start": "00:15:15", "end": "00:15:21", "text": "and see if it gets get it to clinical trial. So I don't want to make this too long, but this is part of the story. Um,"}, {"start": "00:15:21", "end": "00:15:27", "text": "Google DeepMind hired a chief medical officer who's an expert in getting"}, {"start": "00:15:27", "end": "00:15:34", "text": "things through clinical trials back in June, Ben Wolf. They have talked openly about being"}, {"start": "00:15:34", "end": "00:15:39", "text": "close and there's a bunch of interviews that people at isomeorphic have talked about. Now, they can't say exactly"}, {"start": "00:15:39", "end": "00:15:46", "text": "what's going on, but this is related to cancer. That's where their focus has been. Their focus has been on cancer."}, {"start": "00:15:46", "end": "00:15:52", "text": "Eli Lily announced an upgrade in the il in silicico relationship this week. All"}, {"start": "00:15:52", "end": "00:15:57", "text": "of this stuff has happened in the last three weeks. And so when a stock goes higher"}, {"start": "00:15:57", "end": "00:16:04", "text": "as much as it has and to give you guys an idea this this month when there's panic everywhere the S&P 1500 pharma"}, {"start": "00:16:04", "end": "00:16:10", "text": "index is having its second best month since 1999."}, {"start": "00:16:10", "end": "00:16:15", "text": "So for those of you looking for longs right now, I would go spend some time on biotech. The great thing about pharma"}, {"start": "00:16:15", "end": "00:16:21", "text": "and biotech, they're like tech. Like if if if you get a story that you're curing cancer, you start going through it. But"}, {"start": "00:16:21", "end": "00:16:26", "text": "the main point is Merc is an 11P stock. The Mag 7 are not cheap."}, {"start": "00:16:26", "end": "00:16:33", "text": "Mhm. They're spending money. Merc is maybe getting to the point where their expenses will grow. So what you've been"}, {"start": "00:16:33", "end": "00:16:40", "text": "seeing the last couple years is a lot of companies that are all of a sudden benefiting. Their multiples are going higher. In places like Salesforce.com,"}, {"start": "00:16:40", "end": "00:16:46", "text": "their multiples are coming down. Chipotle, their multiples are coming down. I can make the argument that all of the multiple compression names, it's"}, {"start": "00:16:46", "end": "00:16:53", "text": "been related to AI disruption. Now you're starting to get the multiple names on the bottom that are starting to do well on this. So I think between"}, {"start": "00:16:53", "end": "00:16:59", "text": "commodities, energy, and pharma, and financials for next year, those are the"}, {"start": "00:16:59", "end": "00:17:05", "text": "places that may not be sexy for retail traders, but I learned with GameStock, they'll trade anything that can make them money, and they should be. Those"}, {"start": "00:17:05", "end": "00:17:11", "text": "are the places where I think the river is going to start flowing well. And I just don't agree with Dan Ies. I don't think the tech sector is going to be as"}, {"start": "00:17:11", "end": "00:17:16", "text": "easy as it's been the last 2 years. Today's episode is brought to you by Figure. Looking for the best way to"}, {"start": "00:17:16", "end": "00:17:21", "text": "unlock your crypto's liquidity? My friends at Figure are exactly what you need. 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Visit their app, or click the link in"}, {"start": "00:17:56", "end": "00:18:01", "text": "the description below to take out a cryptoback loan with Figure today. Now, one thing that I think is very"}, {"start": "00:18:01", "end": "00:18:07", "text": "fascinating, um, and maybe I can share with you a, uh, a framework that I've started to come around to, and, um, it's"}, {"start": "00:18:07", "end": "00:18:14", "text": "a combination of talking to lots of different people, but Bitcoin was kind of the sledgehammer to what I would"}, {"start": "00:18:14", "end": "00:18:19", "text": "consider, uh, boring innovation. So most of the innovation we talked about pre"}, {"start": "00:18:19", "end": "00:18:26", "text": "kind of Bitcoin hitting the main stage was okay the iPhone came out. It was very innovative. It was disruptive, but"}, {"start": "00:18:26", "end": "00:18:31", "text": "it wasn't uh a true external technology sledgehammer, right? It was more kind of"}, {"start": "00:18:31", "end": "00:18:37", "text": "an evolution. Okay, we have a computer. We have an iPod. We're going to just make it a little bit smaller. We're going to add some features to it. Uh"}, {"start": "00:18:37", "end": "00:18:42", "text": "there's definitely some sort of innovation that happens here, but we're taking kind of steps closer and closer"}, {"start": "00:18:42", "end": "00:18:48", "text": "to it. Gets smaller. Goes in your pocket, you know, etc. Bitcoin was really a thing that was like"}, {"start": "00:18:48", "end": "00:18:53", "text": "this external shock to the system, right? It took ideas from the legacy system, but it was this external thing."}, {"start": "00:18:53", "end": "00:18:58", "text": "You are now seeing this happen much more rapidly. I think in technology and true"}, {"start": "00:18:58", "end": "00:19:04", "text": "innovation is are these external shocks. LLM's is not a kind of one to two to"}, {"start": "00:19:04", "end": "00:19:11", "text": "three, you know, type evolution. This is an external shock to a lot of these companies. in pharmaceutical."}, {"start": "00:19:11", "end": "00:19:17", "text": "I invested in a friend of mine uh um a company called Varta at the time. It was"}, {"start": "00:19:17", "end": "00:19:23", "text": "not necessarily a pharmaceutical company. It was very much uh now that we have reusable rockets which Blue Origin"}, {"start": "00:19:23", "end": "00:19:28", "text": "now is a second company in America uh that can go ahead and do this. The cost to get to space has significantly come"}, {"start": "00:19:28", "end": "00:19:34", "text": "down. What if we can manufacture things in space, bring them back to Earth to benefit on Earth? So a lot of people"}, {"start": "00:19:34", "end": "00:19:39", "text": "think of space as like let's go outward. Their thing was let's use space to come back here. Now they thought about a lot"}, {"start": "00:19:39", "end": "00:19:46", "text": "of different things. They've ended up one of the key components is pharmaceutical. The idea of manufacturing drugs in zero"}, {"start": "00:19:46", "end": "00:19:52", "text": "gravity. Certain things are possible that are not as either cheap or possible here on earth. That is an external"}, {"start": "00:19:52", "end": "00:19:58", "text": "innovative shock to pharmaceutical development. Right? So there's like the science of like what are the drugs and"}, {"start": "00:19:58", "end": "00:20:03", "text": "then how do you actually manufacture them. I think that you can go through whether it's Bitcoin, LLM, something like a"}, {"start": "00:20:03", "end": "00:20:08", "text": "Varta, etc. And you can see that these external shocks, they're incredibly hard"}, {"start": "00:20:08", "end": "00:20:14", "text": "to create, but when they happen, y it spreads like wildfire through an"}, {"start": "00:20:14", "end": "00:20:20", "text": "industry. And I actually wonder how many people are Bitcoin minded versus people"}, {"start": "00:20:20", "end": "00:20:26", "text": "who start to recognize these patterns of, okay, I know a lot of people who are say, look, I I Bitcoin, I didn't sell my"}, {"start": "00:20:26", "end": "00:20:32", "text": "Bitcoin. I still got my Bitcoin. Net new dollars though, they went to AI. Net new dollars next are going to go to humanoid"}, {"start": "00:20:32", "end": "00:20:38", "text": "robots. And that new dollars from that are going to go to, you know, pharmaceutical develop like they're actually innovation investors,"}, {"start": "00:20:38", "end": "00:20:43", "text": "not just Bitcoin investors. And I think that that ability maybe is actually going to become a very core skill that's"}, {"start": "00:20:43", "end": "00:20:50", "text": "important kind of for the world that we're going into. You agree with that? Yeah, I agree. And and this is actually an important point for for people to"}, {"start": "00:20:50", "end": "00:20:57", "text": "connect one dot with. So when we've talked about Tesla, when we talk about well now pharmaceuticals curing cancer,"}, {"start": "00:20:57", "end": "00:21:03", "text": "never thought we'd talk about pharmaceuticals on here, but I'm I'm here for it. I I I I never did either, but look at the chart of Eli Lilly and"}, {"start": "00:21:03", "end": "00:21:10", "text": "just be like, \"Well, that thing moved fast and that's a big I mean, they're trillion dollars now.\" Again, I think uh Ken Langon, if I if I"}, {"start": "00:21:10", "end": "00:21:16", "text": "understand, if I remember correctly, his average holding period is 42 years in his portfolio, like just goat, right?"}, {"start": "00:21:16", "end": "00:21:22", "text": "And if I remember correctly, he has held Eli Liy for something like 40ome years and still holds the position today."}, {"start": "00:21:22", "end": "00:21:28", "text": "Yeah, it's that's an that's an amazing story. The chart is an amazing chart. The story is"}, {"start": "00:21:28", "end": "00:21:34", "text": "an amazing story. You're talking about once you get to"}, {"start": "00:21:34", "end": "00:21:39", "text": "curing cancer. Okay. And when I when I say curing it, it doesn't get rid of it."}, {"start": "00:21:39", "end": "00:21:46", "text": "It becomes something you just have, but it doesn't kill you. And if you go start and this is what I"}, {"start": "00:21:46", "end": "00:21:54", "text": "want everyone to do, just watch the 60inute and I say the 60-minute YouTube because Demis for for it's probably a"}, {"start": "00:21:54", "end": "00:22:00", "text": "12minute clip. He talks about this year beginning to cure all diseases and it'll"}, {"start": "00:22:00", "end": "00:22:06", "text": "take and he said by 2035 we'll have cured all diseases. Oh well that that means we won't see it there. I'm like"}, {"start": "00:22:06", "end": "00:22:11", "text": "that's not the way markets work. Maderna is the example of a company that solved"}, {"start": "00:22:11", "end": "00:22:19", "text": "a problem that was really critical at the time and everyone dove into it and it raced. If you get someone that's"}, {"start": "00:22:19", "end": "00:22:24", "text": "cancer affects everyone like everyone. There is not a single person that hasn't had a family member that's gone through"}, {"start": "00:22:24", "end": "00:22:29", "text": "or a friend who's gone through cancer. So, anything related to cancer is a"}, {"start": "00:22:29", "end": "00:22:34", "text": "massive change. Now, anyone who's been following the news realizes that all of this stuff has really accelerated since"}, {"start": "00:22:34", "end": "00:22:41", "text": "Gen AI. That is the gateway to all of this stuff. So, for the last 3 years, the trade was the infrastructure trade"}, {"start": "00:22:41", "end": "00:22:47", "text": "and it was the MAG 7. I'm just saying that that is not the trade. So, do I still think Tesla's going to have a"}, {"start": "00:22:47", "end": "00:22:53", "text": "great year next year? Yes, because I think humanoids will be brought forward. Most institutional investors will not"}, {"start": "00:22:53", "end": "00:22:59", "text": "buy, oh great, we're going to cure drugs. How do I invest in that? But when you see their earnings revisions going"}, {"start": "00:22:59", "end": "00:23:06", "text": "higher, and this is the thing people have to realize, I wrote in in in in Coreweee. Coreweave had to lower stuff."}, {"start": "00:23:06", "end": "00:23:12", "text": "Quan strategies look for estimate revisions moving higher. If the cutting expense side and the efficiency thing"}, {"start": "00:23:12", "end": "00:23:17", "text": "ends up being the big thing, if small caps do well because of the rate cuts and the fact that people have to"}, {"start": "00:23:17", "end": "00:23:24", "text": "remember the one big beautiful bill, the majority of the fiscal impact is going to happen in the first half of the year"}, {"start": "00:23:24", "end": "00:23:30", "text": "because we got the midterms. So, they wanted that to happen. We also have rate cuts going on around the globe. And on a"}, {"start": "00:23:30", "end": "00:23:37", "text": "two-year lag, we started to cut rates. You're going to start seeing the impact of lower rates that's going to filter in because monetary policy runs with a lag."}, {"start": "00:23:37", "end": "00:23:43", "text": "This is the first half of next year. You've got commodity prices that are ticking higher. Why the capex? The capex"}, {"start": "00:23:43", "end": "00:23:50", "text": "is still going to happen. It's just going to be slower than what people thought. So these companies will have to p push their earnings out. And that's"}, {"start": "00:23:50", "end": "00:23:56", "text": "why when you get into this, this is about less about oh, we're having to push our earnings out and oh my gosh,"}, {"start": "00:23:56", "end": "00:24:01", "text": "when are those numbers are huge, we have to go buy these. It's a very different market when you get into that side of"}, {"start": "00:24:01", "end": "00:24:07", "text": "where people where people are valuing something there. So your comparison between humanoids, between"}, {"start": "00:24:07", "end": "00:24:12", "text": "pharmaceuticals, all of this stuff to me is going to line up next year. When you look at the market, uh, moving"}, {"start": "00:24:12", "end": "00:24:19", "text": "forward, Bitcoin is up, let's call it, 6% over the last year, 4% uh, year to"}, {"start": "00:24:19", "end": "00:24:24", "text": "date. Atrocious performance in Bitcoiners minds. Atrocious, right?"}, {"start": "00:24:24", "end": "00:24:32", "text": "the S&P and NASDAQ, I think it's up 14 and 18% or, you know, whatever it is. Um, getting trounced by just major"}, {"start": "00:24:32", "end": "00:24:39", "text": "equity indexes. Bitcoin is now trading below the level when Trump took office. Mhm."}, {"start": "00:24:39", "end": "00:24:45", "text": "There is um a sentiment change that's happening. I have talked with um in"}, {"start": "00:24:45", "end": "00:24:50", "text": "private a number of what I would consider very hardcore Bitcoin believers. Some of them are saying,"}, {"start": "00:24:50", "end": "00:24:57", "text": "\"Hey, we're going into a bare market.\" Some of them are getting a little frustrated and saying maybe there's not as much upside return here as possible."}, {"start": "00:24:57", "end": "00:25:03", "text": "Maybe kind of like a Peter Teal, you know, type uh uh viewpoint. On one hand, when I hear that stuff and the negative"}, {"start": "00:25:03", "end": "00:25:11", "text": "bearish sentiment, I think be bullish. Do the opposite of what other people, right? You go on X, everyone's bearish."}, {"start": "00:25:11", "end": "00:25:17", "text": "Maybe I should be bullish. At the same time, if everyone who's supposed to be buying the asset is"}, {"start": "00:25:17", "end": "00:25:22", "text": "bearish and they're not buying the asset, yep, it kind of reinforces downward pressure"}, {"start": "00:25:22", "end": "00:25:29", "text": "on a stock, whether that's Bitcoin, tech stocks, or whatever. How do you decipher the difference between bearish sentiment being positive"}, {"start": "00:25:29", "end": "00:25:35", "text": "versus like don't try to be different and wrong, you know, just follow the crowd?"}, {"start": "00:25:35", "end": "00:25:41", "text": "All right. So this is where um so when I wrote the paper about the IPO price"}, {"start": "00:25:41", "end": "00:25:47", "text": "within the paper I said it still may go lower in in the interim and the reason"}, {"start": "00:25:47", "end": "00:25:52", "text": "is because of what you said at the beginning of the question which is"}, {"start": "00:25:52", "end": "00:25:58", "text": "there needs to still be more distribution from the original people that bootstrapped this asset. It needs"}, {"start": "00:25:58", "end": "00:26:05", "text": "to happen. Um part of it needs to be d uh opportunity cost. Part of it needs to be diversification,"}, {"start": "00:26:05", "end": "00:26:11", "text": "but every single day the ETF inflows continue. The treasury company buying"}, {"start": "00:26:11", "end": "00:26:16", "text": "continues. There is a handoff on things that didn't exist to what does exist."}, {"start": "00:26:16", "end": "00:26:22", "text": "Um, A16Z put out their state of the crypto report. I'll be going through about seven to eight of the slides"}, {"start": "00:26:22", "end": "00:26:29", "text": "because I think they get into the point that I'm most interested in. So, I'm a macro person. I don't care about I mean"}, {"start": "00:26:29", "end": "00:26:35", "text": "I care what it does each day, but my vision of it is not about what it does"}, {"start": "00:26:35", "end": "00:26:40", "text": "this year. It's not even what it does next year. If we're still at 94,000 next year, trust me, the sentiment will be"}, {"start": "00:26:40", "end": "00:26:45", "text": "even lower and people will be hysterical. But I believe the volumes are going to"}, {"start": "00:26:45", "end": "00:26:50", "text": "increase. The network effects are going to happen. Um Caitlyn Long is a beloved person in the space because of the fight"}, {"start": "00:26:50", "end": "00:26:56", "text": "she's shown. She's reiterated her thing, which I agree with, too. Money velocity"}, {"start": "00:26:56", "end": "00:27:02", "text": "sucks in the traditional finance world. There's so much money trapped with the"}, {"start": "00:27:02", "end": "00:27:09", "text": "few that own it. So, it's very similar to Bitcoin, meaning highly concentrated. Well, the trad fiat world is highly"}, {"start": "00:27:09", "end": "00:27:15", "text": "concentrated owned as well. Most of the assets around the globe are in the top 1% of people. It's actually to some"}, {"start": "00:27:15", "end": "00:27:22", "text": "degree worse in in terms of concentration. And a lot of that money doesn't move. It sits in real estate."}, {"start": "00:27:22", "end": "00:27:28", "text": "Tokenization is going to happen. Stable coin volumes are going to happen. AI agents are going to happen. Those three"}, {"start": "00:27:28", "end": "00:27:34", "text": "things are the holy trinity of the digital economy taking over the traditional finance world. That's not a"}, {"start": "00:27:34", "end": "00:27:39", "text": "guess on my part. That is going to happen. We still have three years left of this administration. We haven't got"}, {"start": "00:27:39", "end": "00:27:46", "text": "the market structure act in. So when clarity is in for everyone who's doubting where it's going, that's a trader mentality. And that's fine. You"}, {"start": "00:27:46", "end": "00:27:52", "text": "have to have that mentality at this point because you got to preserve if you're trading. If you're someone who's thinking about where it's going to be"}, {"start": "00:27:52", "end": "00:27:58", "text": "five years from now, 10 years from now, like I am 20 years from now, I fundamentally believe what I have said"}, {"start": "00:27:58", "end": "00:28:05", "text": "repeatedly on every podcast I go on. I'm interested in the way artificial intelligence is going to change the"}, {"start": "00:28:05", "end": "00:28:11", "text": "world. It is disruptive to the wealthy. It is disruptive to everyone who's had a"}, {"start": "00:28:11", "end": "00:28:17", "text": "moat around their lives, who's had a moat around their business. What it's good for is the people transacting. I"}, {"start": "00:28:17", "end": "00:28:23", "text": "believe in prediction markets. I believe in tokenization connected to prediction markets. All of these things to me are"}, {"start": "00:28:23", "end": "00:28:30", "text": "going to happen and they're going to continue to increase next year. The one thing that didn't happen this year, as"}, {"start": "00:28:30", "end": "00:28:37", "text": "long as Dan Ies is right and the stocks that he's following are doing well,"}, {"start": "00:28:37", "end": "00:28:44", "text": "people don't need Bitcoin. They don't need that innovation. What drives people into an innovative name like Tesla or"}, {"start": "00:28:44", "end": "00:28:50", "text": "Bitcoin? It has to happen when there's not as many opportunities and choices and things that are working that are"}, {"start": "00:28:50", "end": "00:28:55", "text": "bigger market caps. Bitcoin has a market cap where history will tell you when you"}, {"start": "00:28:55", "end": "00:29:00", "text": "get to this level, you're real. Like, you don't have to doubt it anymore. Could we go to 80,000? I guess we could"}, {"start": "00:29:00", "end": "00:29:07", "text": "if the stock market falls off, but I don't think the S&P is going to fall off. I think we're at the end of a liquidation of growth stocks and that"}, {"start": "00:29:07", "end": "00:29:13", "text": "next year growth will not be a good factor. Growth has a variety of times where it doesn't work. Bitcoin is"}, {"start": "00:29:13", "end": "00:29:20", "text": "heavily heavily correlated to retail trading. It's heavily correlated in the short term to growth. If I'm right and"}, {"start": "00:29:20", "end": "00:29:26", "text": "growth isn't going to work the way that it is, this is not a value trade. This is just if the growth names are not"}, {"start": "00:29:26", "end": "00:29:33", "text": "dominating the market, then Bitcoin's going to start to be sexy again when it starts to trade higher. Price drives in"}, {"start": "00:29:33", "end": "00:29:38", "text": "the narrative always. As Paul Tudtor Jones said, it's something I believe in. The narrative is bad right now because"}, {"start": "00:29:38", "end": "00:29:43", "text": "the price is bad. If the prices back up, the narrative will be very good. Today's episode is brought to you by"}, {"start": "00:29:43", "end": "00:29:49", "text": "Defi Development Corp. Global Wealth today exceeds $500 trillion. Yet, crypto"}, {"start": "00:29:49", "end": "00:29:56", "text": "still represents less than 1% of that total. Defi Development Corp. 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DFTV believes"}, {"start": "00:30:21", "end": "00:30:27", "text": "Salana's position to disrupt the world and aims to provide investors with one of the most levered ways to participate"}, {"start": "00:30:27", "end": "00:30:33", "text": "in that upside by tapping into capital markets fundraising, leading the way in onchain innovation, maximizing yield,"}, {"start": "00:30:33", "end": "00:30:40", "text": "and launching similar public vehicles in key international markets. To learn more about why DFD believes Soul represents a"}, {"start": "00:30:40", "end": "00:30:48", "text": "transformative opportunity and why DFD is the best way to capitalize on it, visit dfdv.com/pump."}, {"start": "00:30:48", "end": "00:30:55", "text": "That's dfdv.com/pom. Today's episode is brought to you by Bitcoin IRA. Are you a crypto investor"}, {"start": "00:30:55", "end": "00:31:00", "text": "with a retirement account but don't have any crypto in that retirement account? Then listen up. 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Is there any credence to um"}, {"start": "00:32:07", "end": "00:32:14", "text": "people started buying Bitcoin or cryptocurrencies in general? uh 2020 2021 was really kind of like the big"}, {"start": "00:32:14", "end": "00:32:19", "text": "moment that I would say we transitioned from um early adopters to beginning of"}, {"start": "00:32:19", "end": "00:32:25", "text": "mass adoption, right? Mhm. That crowd if they let's say were buying"}, {"start": "00:32:25", "end": "00:32:31", "text": "Bitcoin and they said, you know, I'm pretty riskaverse, but I think I need to have this in my portfolio. I'm going to"}, {"start": "00:32:31", "end": "00:32:37", "text": "put 2% exposure on. I'm not a crazy zealot, you know, Bitcoiner, but also I"}, {"start": "00:32:37", "end": "00:32:43", "text": "don't believe the dollar is the best place to have, you know, all my wealth. And so this Bitcoin thing seems to have a place in a portfolio. I'll put 2%."}, {"start": "00:32:43", "end": "00:32:49", "text": "Bitcoin's up 500% since then over the last 5 years of 500%. That 2% is now"}, {"start": "00:32:49", "end": "00:32:55", "text": "10%. Is there any idea of like maybe I just"}, {"start": "00:32:55", "end": "00:33:00", "text": "don't need more of it, right? Like like if it's 10% of my portfolio, I never expected it to be 10%. It's just grown"}, {"start": "00:33:00", "end": "00:33:06", "text": "so much and I don't want to rebalance because I don't want to sell my Bitcoin because rule number one of Bitcoin is don't sell. But a net new dollar going"}, {"start": "00:33:06", "end": "00:33:13", "text": "into Bitcoin means I'm going to push it higher than my 10% current allocation. Like there's something about Bitcoin has"}, {"start": "00:33:13", "end": "00:33:18", "text": "still almost done so well. The hardcore Bitcoiners were never going to sell and they wanted to become 95% of their"}, {"start": "00:33:18", "end": "00:33:25", "text": "portfolio, but this mass adoption uh kind of cohort, I don't know if they want Bitcoin to be 50 to 95% of their"}, {"start": "00:33:25", "end": "00:33:31", "text": "portfolio. Like there is some number that once it gets hit, it almost feels like they're like, \"Okay, I've got enough of that.\""}, {"start": "00:33:31", "end": "00:33:39", "text": "Right. Is that something that you think could be playing out too? Um, yes. But let let me take um let me"}, {"start": "00:33:39", "end": "00:33:46", "text": "break Bitcoin down into four quadrants of of of let's say buyers plus people that have"}, {"start": "00:33:46", "end": "00:33:52", "text": "bought. Okay, you have the ideological group. This is I wrote a paper about um the difference between libertarian and"}, {"start": "00:33:52", "end": "00:33:58", "text": "democracy with inside Bitcoin. The ideological group didn't want IBIT. It didn't want like it didn't want"}, {"start": "00:33:58", "end": "00:34:04", "text": "hardcore zealot bitcoiner. Zealot not being a negative term, being a like this is the essence of what Bitcoin is."}, {"start": "00:34:04", "end": "00:34:10", "text": "They've defended Bitcoin to Peter Teal, all that. So that's quadrant one. And the great thing is they're the"}, {"start": "00:34:10", "end": "00:34:17", "text": "ones just like with the internet, which again was a libertarian thing which has turned into a platform thing. They came"}, {"start": "00:34:17", "end": "00:34:23", "text": "and they said the government is wrong and we want to get away from this. Let's do this and let's break"}, {"start": "00:34:23", "end": "00:34:29", "text": "their strangle holding control. Okay, that's one. And I think that's a lot of the selling that's been going on. And"}, {"start": "00:34:29", "end": "00:34:35", "text": "again, you get in early. It's a major part of your net worth. You need to diversify. And if you don't believe the"}, {"start": "00:34:35", "end": "00:34:40", "text": "ideology anymore, you should be getting out. Number two, the second quadrant. This is the 2020 crowd. This is when I"}, {"start": "00:34:40", "end": "00:34:47", "text": "joined. I hear these people speak and I will not name names. They believe name them. No."}, {"start": "00:34:47", "end": "00:34:53", "text": "No. I I I actually, and the reason I say no, I'm going to say what I don't disagree"}, {"start": "00:34:53", "end": "00:35:00", "text": "with, and if they believe in this, they can go through it. They say that the dollar will get trashed and the"}, {"start": "00:35:00", "end": "00:35:05", "text": "government is printing inflation and it's all about QE and that's why I need to be long Bitcoin. I don't agree with"}, {"start": "00:35:05", "end": "00:35:14", "text": "that crowd. And the reason is the third quadrant. These are people in South America. You"}, {"start": "00:35:14", "end": "00:35:19", "text": "know what they're buying Bitcoin? It's the dollar. They want the dollar. The reason they want the dollar is"}, {"start": "00:35:19", "end": "00:35:25", "text": "because they don't trust their own government. So, this gets back into the Michael Sailor thing of people that are"}, {"start": "00:35:25", "end": "00:35:30", "text": "talking about how the dollar is weak and inflation's coming. That is an educated"}, {"start": "00:35:30", "end": "00:35:36", "text": "wealthy game story like that that hey, I'm wealthy. I have a lot to lose. You're screwing me. I want to buy"}, {"start": "00:35:36", "end": "00:35:41", "text": "Bitcoin. That was kind of Michael Sailor's story. But there's another part that he talks about which is the people"}, {"start": "00:35:41", "end": "00:35:46", "text": "in countries that don't truly trust their government. We we don't have the basement in the US the way they do in"}, {"start": "00:35:46", "end": "00:35:54", "text": "Brazil. the way it is in Argentina, the way way it is in Zimbabwe and other countries where you literally are losing"}, {"start": "00:35:54", "end": "00:36:01", "text": "all of your ability to participate in the global environment. So that third quadrant to me is a growing part and"}, {"start": "00:36:01", "end": "00:36:07", "text": "it's not going to stop and they're the ones also the onchain volume of transactions remittances and that a lot"}, {"start": "00:36:07", "end": "00:36:13", "text": "of it is happening in those and they're going to continue to do it and if you go through that A16 report they show it."}, {"start": "00:36:13", "end": "00:36:19", "text": "The final group is the portfolio diversification and I want to remind everyone about the Rick Edelman story"}, {"start": "00:36:19", "end": "00:36:26", "text": "and don't forget you know his argument of like you should have up to 40%. The reason was"}, {"start": "00:36:26", "end": "00:36:32", "text": "because we're going to extend our lifespan. So let me go back to the pharmaceutical side. How about next year"}, {"start": "00:36:32", "end": "00:36:38", "text": "we start talking about curing cancer and curing all diseases and people go so wait I I get they start really"}, {"start": "00:36:38", "end": "00:36:43", "text": "understanding that they weren't joking about living a lot longer. Well, now you"}, {"start": "00:36:43", "end": "00:36:49", "text": "need innovation. You need things that are going to grow with you. I'm not saying everyone should put all their money into Bitcoin, but it should it be"}, {"start": "00:36:49", "end": "00:36:55", "text": "zero, which it is for the majority of people. No. And you've just allowed the financial advisors and you've just"}, {"start": "00:36:55", "end": "00:37:01", "text": "allowed the banks to start getting involved. The portfolio diversification crowd, the one that's buying IBIT every"}, {"start": "00:37:01", "end": "00:37:08", "text": "day, that will continue to grow. They're buying from the first quadrant, some of the second quadrant. So I believe that's"}, {"start": "00:37:08", "end": "00:37:14", "text": "what needs to happen is this has to go from ideology to wealthy people saying no I'm I I don't believe in the"}, {"start": "00:37:14", "end": "00:37:20", "text": "government to people that are doing it for diversification and for actually surviving through government debasement."}, {"start": "00:37:20", "end": "00:37:25", "text": "And I think that's a very powerful story in the long run. And when you add in the tokenization and the things where the"}, {"start": "00:37:25", "end": "00:37:31", "text": "wealthy people have these illquid assets and they're going to need to get a price form private credit would be trading a"}, {"start": "00:37:31", "end": "00:37:36", "text": "lot better. commercial real estate would be trading a lot better if someone didn't have five potential buyers and"}, {"start": "00:37:36", "end": "00:37:43", "text": "actually had eight billion potential buyers. you have to pick one or two asset"}, {"start": "00:37:43", "end": "00:37:49", "text": "classes for I don't know through the end of 2026"}, {"start": "00:37:49", "end": "00:37:54", "text": "where you think that there's the most mispricing the most misunderstanding right I think some people will look at"}, {"start": "00:37:54", "end": "00:38:01", "text": "the things that have been working who are just down and like oh it's not over that that's kind of one viewpoint but also I think that there's uh maybe the"}, {"start": "00:38:01", "end": "00:38:07", "text": "smartest investors that I really respect they are what's the next thing what what's the where's the next capital you"}, {"start": "00:38:07", "end": "00:38:14", "text": "know kind of rotation going to what is that for So I I I am I'm going to re-emphasize it"}, {"start": "00:38:14", "end": "00:38:19", "text": "because I I I think you need to sit back and you need to think about this. So let me go start with the stock market and"}, {"start": "00:38:19", "end": "00:38:25", "text": "and just say two things. Uh I do believe international stocks are going to outperform US stocks. One of the themes"}, {"start": "00:38:25", "end": "00:38:32", "text": "that people should be paying attention to when you go through a year where"}, {"start": "00:38:32", "end": "00:38:38", "text": "AI was the dominant theme and we own it. So go back to kind of the internet, go"}, {"start": "00:38:38", "end": "00:38:45", "text": "back to the post 2009 period with mobile. This was not a great year for the Mag 7."}, {"start": "00:38:45", "end": "00:38:52", "text": "Um they've underperformed Europe. They've underperformed China. They've underperformed emerging markets."}, {"start": "00:38:52", "end": "00:38:58", "text": "That should be something people should be thinking about what normally when tech is dominating"}, {"start": "00:38:58", "end": "00:39:03", "text": "the S&P's outperforming, NASDAQ's outperforming. That didn't happen this year. Um, and you can try to go through"}, {"start": "00:39:03", "end": "00:39:10", "text": "this like it's not that American exceptionalism is down. I just believe that we are building out and spending an"}, {"start": "00:39:10", "end": "00:39:17", "text": "enormous amount of money. And rather than call it a bubble, uh, I believe that this has been we're building"}, {"start": "00:39:17", "end": "00:39:23", "text": "something out which is actually going to democratize it, which means the people who get swallowed up by it are the people who are doing the building of it."}, {"start": "00:39:23", "end": "00:39:30", "text": "They don't actually monetize it to the degree that they did on the prior thing. That is something I believe in and we've we've talked about it. So in that, I"}, {"start": "00:39:30", "end": "00:39:35", "text": "don't think it's tech stocks. I don't think it's the mag 7 with inside equities. I think if people sit back and"}, {"start": "00:39:35", "end": "00:39:41", "text": "go humanoids and longevity expansion, those two things at"}, {"start": "00:39:41", "end": "00:39:48", "text": "some point they go from being outside the front mirror driving a car and you're like, hey, I can see the humanoids now. Hey, I I can see life"}, {"start": "00:39:48", "end": "00:39:54", "text": "expansion. Those are the things you want to invest in when they're just getting on, you know, a long-term drive. And I"}, {"start": "00:39:54", "end": "00:39:59", "text": "think they're going to enter next year. So, those will be I still think international stocks within ex equities. Uh, I think Bitcoin again because of the"}, {"start": "00:39:59", "end": "00:40:06", "text": "token because of the tokenization rise next year and because of the clarity act, I just think with sentiment this"}, {"start": "00:40:06", "end": "00:40:13", "text": "bad, far worse, like S&P sentiment's nothing compared to where Bitcoin is. So, you said it feels like a crash when"}, {"start": "00:40:13", "end": "00:40:19", "text": "it's up five, six%, you know, for the year. I think that'll be the best performing thing. So, those two things"}, {"start": "00:40:19", "end": "00:40:24", "text": "are the areas that I would or three things I I would focus my attention on. All right. I appreciate your time this"}, {"start": "00:40:24", "end": "00:40:31", "text": "week. You're uh always bringing unique insights. pharmaceuticals, all this stuff. This is why I enjoy this conversation so much. Uh, I need a favor"}, {"start": "00:40:31", "end": "00:40:38", "text": "from everyone who watches this every day. Uh, every Sunday, Jordy puts out an excellent video, different links. I"}, {"start": "00:40:38", "end": "00:40:45", "text": "don't know where he finds all the charts. He comes up, he's got all his tabs up. It's like a professor. It's like free content. People would pay tens"}, {"start": "00:40:45", "end": "00:40:52", "text": "of thousands, maybe now US colleges would charge hundreds of thousands of dollars to get this level of quality information. I need you to go on YouTube"}, {"start": "00:40:52", "end": "00:40:59", "text": "and just type in Jordy Visser. You're going to see his nice face pop up, his little YouTube channel. Click on it and"}, {"start": "00:40:59", "end": "00:41:05", "text": "there's a big fat red subscribe button. I want you to subscribe. And every person who does that, I want you when"}, {"start": "00:41:05", "end": "00:41:10", "text": "you hit the button to say thank you. It's a thank you to him for spending all his time with us. It's a thank you for him putting out all this great"}, {"start": "00:41:10", "end": "00:41:16", "text": "information. The subscribe button is kind of like, you like a digital tip, a little digital thank you to Jordy. So"}, {"start": "00:41:16", "end": "00:41:21", "text": "just type in Jordy Visser on YouTube. Go there, click subscribe, watch the video. If you click subscribe and you don't"}, {"start": "00:41:21", "end": "00:41:27", "text": "watch the video, it's like showing up to a party saying hi and Irish exiting. Don't do that. Just stay for a few"}, {"start": "00:41:27", "end": "00:41:33", "text": "minutes, watch the video. You're going to learn a lot. We appreciate you coming every week. And uh all of you, it'd be a"}, {"start": "00:41:33", "end": "00:41:41", "text": "thank you to Jordy if you go and do that. I I appreciate you doing that. And to you guys who do it, uh I do that video"}, {"start": "00:41:41", "end": "00:41:47", "text": "literally to help people learn and hopefully to give them confidence,"}, {"start": "00:41:47", "end": "00:41:53", "text": "especially when markets are like this. I promise you this weekend's video will go through the pharmaceutical thing and"}, {"start": "00:41:53", "end": "00:41:59", "text": "give you the chance to listen to your own podcast on it. My goal was initially that if I build a relationship with the"}, {"start": "00:41:59", "end": "00:42:05", "text": "audience where they're learning from me, AI, trading markets, some technical"}, {"start": "00:42:05", "end": "00:42:12", "text": "things that I view, but also I like to be early to things. The pharmaceutical thing is early. It's an early story. It"}, {"start": "00:42:12", "end": "00:42:18", "text": "is not talked about. I will go through a lot of charts. The tech story is old now guys. It's"}, {"start": "00:42:18", "end": "00:42:25", "text": "been three years of chat GPT. You got to find a new playbook. And I think the new playbook is coming in in life. There's some great pairings."}, {"start": "00:42:25", "end": "00:42:30", "text": "You know, wine and cheese and go through stuff. The weekends, they're for Pomp and Jordy. Saturday and Sunday, right?"}, {"start": "00:42:30", "end": "00:42:36", "text": "There you go. All right. Thank you guys so much for watching. We'll see you guys next weekend. Facts."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "So he was pardoned for justice. No fraud"}, {"start": "00:00:02", "end": "00:00:05", "text": "and no victims, no criminal history or"}, {"start": "00:00:05", "end": "00:00:08", "text": "anything like that. So um he was treated"}, {"start": "00:00:08", "end": "00:00:10", "text": "much differently than everybody else has"}, {"start": "00:00:10", "end": "00:00:12", "text": "ever been treated historically."}, {"start": "00:00:12", "end": "00:00:14", "text": "Is there some payment like maybe Trump's"}, {"start": "00:00:14", "end": "00:00:17", "text": "got like a secret Bitcoin wallet and"}, {"start": "00:00:17", "end": "00:00:19", "text": "either CZ or Binance sent money directly"}, {"start": "00:00:19", "end": "00:00:21", "text": "or is there anything like that that you"}, {"start": "00:00:21", "end": "00:00:23", "text": "think has credence that is maybe more of"}, {"start": "00:00:23", "end": "00:00:25", "text": "like the conspiratorial uh critiques"}, {"start": "00:00:25", "end": "00:00:27", "text": "that people have talked about? What's"}, {"start": "00:00:27", "end": "00:00:29", "text": "going on guys? Today we have a very"}, {"start": "00:00:29", "end": "00:00:31", "text": "important and serious conversation. I'm"}, {"start": "00:00:31", "end": "00:00:33", "text": "sitting down with Terresa Goody"}, {"start": "00:00:33", "end": "00:00:35", "text": "Guillian. She is CZ's personal lawyer"}, {"start": "00:00:35", "end": "00:00:37", "text": "and she's been very involved in the"}, {"start": "00:00:37", "end": "00:00:39", "text": "pardon that CZ received. I've seen tons"}, {"start": "00:00:39", "end": "00:00:41", "text": "of controversy online as to the pardon"}, {"start": "00:00:41", "end": "00:00:44", "text": "he received, how he received it, whether"}, {"start": "00:00:44", "end": "00:00:45", "text": "it was pay to play, and if there was any"}, {"start": "00:00:45", "end": "00:00:47", "text": "corruption involved. I reached out to"}, {"start": "00:00:47", "end": "00:00:48", "text": "Terresa and I said, \"Why don't we sit"}, {"start": "00:00:48", "end": "00:00:50", "text": "down? Let me ask you all of the"}, {"start": "00:00:50", "end": "00:00:51", "text": "questions that people have, the hard"}, {"start": "00:00:51", "end": "00:00:53", "text": "ones and the easy ones.\" And that's what"}, {"start": "00:00:53", "end": "00:00:54", "text": "we're going to do in today's"}, {"start": "00:00:54", "end": "00:00:56", "text": "conversation. Here's my conversation"}, {"start": "00:00:56", "end": "00:00:58", "text": "with Terresa Goody Guillian. Teresa,"}, {"start": "00:00:58", "end": "00:01:00", "text": "you're here to give us the inside scoop"}, {"start": "00:01:00", "end": "00:01:02", "text": "on CZ, the pardon, and to answer a lot"}, {"start": "00:01:02", "end": "00:01:04", "text": "of questions from many critics. Uh, help"}, {"start": "00:01:04", "end": "00:01:06", "text": "us understand what was CZ charged with,"}, {"start": "00:01:06", "end": "00:01:09", "text": "and what was the rationale behind him"}, {"start": "00:01:09", "end": "00:01:10", "text": "getting this pardon?"}, {"start": "00:01:10", "end": "00:01:13", "text": "So, he was charged with u Binance's"}, {"start": "00:01:13", "end": "00:01:16", "text": "failure to implement and maintain uh"}, {"start": "00:01:16", "end": "00:01:18", "text": "anti-moneyaundering"}, {"start": "00:01:18", "end": "00:01:21", "text": "programs, compliance programs, and um so"}, {"start": "00:01:21", "end": "00:01:24", "text": "to be clear, this is a regulatory"}, {"start": "00:01:24", "end": "00:01:26", "text": "infraction. It's a compliance issue. Uh"}, {"start": "00:01:26", "end": "00:01:28", "text": "there's no money laundering involved."}, {"start": "00:01:28", "end": "00:01:31", "text": "It's just uh the failure for Binance to"}, {"start": "00:01:31", "end": "00:01:33", "text": "implement an anti-moneyaundering"}, {"start": "00:01:33", "end": "00:01:36", "text": "program. And he was um he was pardoned"}, {"start": "00:01:36", "end": "00:01:38", "text": "because he never should have been"}, {"start": "00:01:38", "end": "00:01:41", "text": "prosecuted in the first place. And um"}, {"start": "00:01:41", "end": "00:01:43", "text": "even the president said himself when he"}, {"start": "00:01:43", "end": "00:01:46", "text": "had pardoned him that uh he didn't"}, {"start": "00:01:46", "end": "00:01:48", "text": "understand him to have committed any"}, {"start": "00:01:48", "end": "00:01:50", "text": "crimes and that he shouldn't have been"}, {"start": "00:01:50", "end": "00:01:52", "text": "prosecuted. So he was pardoned for"}, {"start": "00:01:52", "end": "00:01:55", "text": "justice basically to bring justice. Um"}, {"start": "00:01:55", "end": "00:01:58", "text": "he's the only person who has ever been"}, {"start": "00:01:58", "end": "00:02:02", "text": "prosecuted and then worse um sent to"}, {"start": "00:02:02", "end": "00:02:05", "text": "prison for you know this specific charge"}, {"start": "00:02:05", "end": "00:02:07", "text": "or anything similar with with the"}, {"start": "00:02:07", "end": "00:02:09", "text": "characteristics of like no fraud and no"}, {"start": "00:02:09", "end": "00:02:12", "text": "victims, no criminal history or anything"}, {"start": "00:02:12", "end": "00:02:15", "text": "like that. So um he was treated much"}, {"start": "00:02:15", "end": "00:02:17", "text": "differently than everybody else has ever"}, {"start": "00:02:17", "end": "00:02:19", "text": "been treated historically. Why do you"}, {"start": "00:02:19", "end": "00:02:22", "text": "think that he was treated differently?"}, {"start": "00:02:22", "end": "00:02:25", "text": "I think it was part of the war on crypto"}, {"start": "00:02:25", "end": "00:02:29", "text": "and at that point um this was close"}, {"start": "00:02:29", "end": "00:02:34", "text": "after the FTX uh collapse and um and and"}, {"start": "00:02:34", "end": "00:02:36", "text": "they just they I think that the war in"}, {"start": "00:02:36", "end": "00:02:39", "text": "crypto had to go against somebody and"}, {"start": "00:02:39", "end": "00:02:41", "text": "they had to prosecute somebody and"}, {"start": "00:02:41", "end": "00:02:43", "text": "really persecute someone and"}, {"start": "00:02:43", "end": "00:02:45", "text": "unfortunately that ended up being"}, {"start": "00:02:45", "end": "00:02:48", "text": "Binance and CZ. Now, if I understand"}, {"start": "00:02:48", "end": "00:02:51", "text": "this correctly, the company itself was"}, {"start": "00:02:51", "end": "00:02:53", "text": "doing this or or not doing this and"}, {"start": "00:02:53", "end": "00:02:55", "text": "that's why they were uh the regulators"}, {"start": "00:02:55", "end": "00:02:57", "text": "went after them. Um, is it common for"}, {"start": "00:02:57", "end": "00:03:00", "text": "the executive to be held liable? You"}, {"start": "00:03:00", "end": "00:03:01", "text": "know, on one hand, I could see people"}, {"start": "00:03:01", "end": "00:03:02", "text": "saying, hey, the CEO should be held"}, {"start": "00:03:02", "end": "00:03:03", "text": "liable for what the business does. On"}, {"start": "00:03:03", "end": "00:03:06", "text": "the other hand, my understanding just on"}, {"start": "00:03:06", "end": "00:03:07", "text": "some cursory Google searches is like,"}, {"start": "00:03:07", "end": "00:03:09", "text": "you know, large banks or other financial"}, {"start": "00:03:09", "end": "00:03:10", "text": "institutions have been charged with"}, {"start": "00:03:10", "end": "00:03:12", "text": "similar things, but the executives"}, {"start": "00:03:12", "end": "00:03:13", "text": "themselves have not been pulled into it."}, {"start": "00:03:13", "end": "00:03:15", "text": "What is kind of like the standard"}, {"start": "00:03:15", "end": "00:03:16", "text": "treatment and difference between the"}, {"start": "00:03:16", "end": "00:03:18", "text": "executive and the company?"}, {"start": "00:03:18", "end": "00:03:21", "text": "That's exactly right that the executives"}, {"start": "00:03:21", "end": "00:03:23", "text": "are never brought um are never"}, {"start": "00:03:23", "end": "00:03:26", "text": "prosecuted for this. And so name your"}, {"start": "00:03:26", "end": "00:03:29", "text": "big financial institution. It has most"}, {"start": "00:03:29", "end": "00:03:32", "text": "likely been charged with either these"}, {"start": "00:03:32", "end": "00:03:35", "text": "same um violations or more egregious"}, {"start": "00:03:35", "end": "00:03:37", "text": "ones. And we don't see any of their CEOs"}, {"start": "00:03:37", "end": "00:03:39", "text": "being prosecuted. And that never"}, {"start": "00:03:39", "end": "00:03:42", "text": "happens. and no other executive has ever"}, {"start": "00:03:42", "end": "00:03:46", "text": "been prosecuted uh for this for this"}, {"start": "00:03:46", "end": "00:03:48", "text": "particular these particular crimes and"}, {"start": "00:03:48", "end": "00:03:50", "text": "that's not generally how um how the"}, {"start": "00:03:50", "end": "00:03:52", "text": "justice system works."}, {"start": "00:03:52", "end": "00:03:55", "text": "So let's hold constant that okay we"}, {"start": "00:03:55", "end": "00:03:56", "text": "understand what he did. Uh we know it's"}, {"start": "00:03:56", "end": "00:03:58", "text": "a fact that he got the pardon. I think"}, {"start": "00:03:58", "end": "00:04:00", "text": "that there is a plethora of questions."}, {"start": "00:04:00", "end": "00:04:02", "text": "I've seen people talk in private"}, {"start": "00:04:02", "end": "00:04:04", "text": "conversation. I've seen people talk on"}, {"start": "00:04:04", "end": "00:04:05", "text": "uh social media. I've seen the media"}, {"start": "00:04:05", "end": "00:04:07", "text": "write articles about you know how did"}, {"start": "00:04:07", "end": "00:04:09", "text": "the pardon come together? uh was there"}, {"start": "00:04:09", "end": "00:04:11", "text": "some sort of paytoplay? Was there some"}, {"start": "00:04:11", "end": "00:04:14", "text": "sort of corruption involved? Help people"}, {"start": "00:04:14", "end": "00:04:16", "text": "understand maybe like the process to"}, {"start": "00:04:16", "end": "00:04:18", "text": "getting a pardon? And then we can talk"}, {"start": "00:04:18", "end": "00:04:20", "text": "about the specific critiques in this in"}, {"start": "00:04:20", "end": "00:04:22", "text": "this case."}, {"start": "00:04:22", "end": "00:04:24", "text": "Yes. So to get a pardon, you have to"}, {"start": "00:04:24", "end": "00:04:26", "text": "fill out an application and you have to"}, {"start": "00:04:26", "end": "00:04:28", "text": "write up, you know, the justification"}, {"start": "00:04:28", "end": "00:04:32", "text": "and um and then there's a variety of"}, {"start": "00:04:32", "end": "00:04:33", "text": "people who look through it and and have"}, {"start": "00:04:33", "end": "00:04:36", "text": "to opine on it. The justice department,"}, {"start": "00:04:36", "end": "00:04:38", "text": "there's there's a pardon attorney. um"}, {"start": "00:04:38", "end": "00:04:41", "text": "and a pardon office as well as the White"}, {"start": "00:04:41", "end": "00:04:44", "text": "House counsel's office. And so a lot of"}, {"start": "00:04:44", "end": "00:04:48", "text": "uh legal review goes into this before it"}, {"start": "00:04:48", "end": "00:04:49", "text": "can be granted. And so all of that"}, {"start": "00:04:49", "end": "00:04:52", "text": "review has to take place um with the"}, {"start": "00:04:52", "end": "00:04:55", "text": "application that you that you submit. So"}, {"start": "00:04:55", "end": "00:04:58", "text": "it's a it's a"}, {"start": "00:04:58", "end": "00:05:01", "text": "relatively standardized process."}, {"start": "00:05:01", "end": "00:05:03", "text": "When you submit the application, uh who"}, {"start": "00:05:03", "end": "00:05:05", "text": "gets it? Is there like a pardon office?"}, {"start": "00:05:05", "end": "00:05:06", "text": "Is there somebody in charge of that?"}, {"start": "00:05:06", "end": "00:05:08", "text": "Does it go right to the president? like"}, {"start": "00:05:08", "end": "00:05:09", "text": "I'm assuming that the president isn't"}, {"start": "00:05:09", "end": "00:05:10", "text": "like sifting through hundreds or"}, {"start": "00:05:10", "end": "00:05:12", "text": "thousands of applications like who is"}, {"start": "00:05:12", "end": "00:05:16", "text": "part of that process."}, {"start": "00:05:16", "end": "00:05:17", "text": "So the pardons can go through in a"}, {"start": "00:05:17", "end": "00:05:20", "text": "variety of ways and uh it just kind of"}, {"start": "00:05:20", "end": "00:05:25", "text": "depends on on how the pardon um"}, {"start": "00:05:25", "end": "00:05:27", "text": "gets transferred whether it's to the"}, {"start": "00:05:27", "end": "00:05:29", "text": "specific pardon attorney or through the"}, {"start": "00:05:29", "end": "00:05:33", "text": "DOJ's website or um some other you know"}, {"start": "00:05:33", "end": "00:05:36", "text": "avenue to to just get it to one of the"}, {"start": "00:05:36", "end": "00:05:37", "text": "people who's going to be reviewing it."}, {"start": "00:05:37", "end": "00:05:40", "text": "So, um I know that different people have"}, {"start": "00:05:40", "end": "00:05:41", "text": "submitted their pardons in a in a"}, {"start": "00:05:41", "end": "00:05:43", "text": "variety of different ways, but the"}, {"start": "00:05:43", "end": "00:05:45", "text": "president doesn't receive them and you"}, {"start": "00:05:45", "end": "00:05:48", "text": "know himself uh initially that I'm aware"}, {"start": "00:05:48", "end": "00:05:49", "text": "of. So,"}, {"start": "00:05:49", "end": "00:05:51", "text": "Got it. And so, I guess what I'm trying"}, {"start": "00:05:51", "end": "00:05:53", "text": "to understand is like uh you guys put"}, {"start": "00:05:53", "end": "00:05:55", "text": "together an application. You submit the"}, {"start": "00:05:55", "end": "00:05:57", "text": "application. Um there are people who"}, {"start": "00:05:57", "end": "00:05:59", "text": "view this and make a recommendation to"}, {"start": "00:05:59", "end": "00:06:01", "text": "the president saying hey this pardon"}, {"start": "00:06:01", "end": "00:06:03", "text": "should be looked at or or you should go"}, {"start": "00:06:03", "end": "00:06:05", "text": "ahead and pardon this person or like you"}, {"start": "00:06:05", "end": "00:06:07", "text": "know how much discretion is it like a"}, {"start": "00:06:07", "end": "00:06:08", "text": "unilateral decision from the president"}, {"start": "00:06:08", "end": "00:06:10", "text": "versus there's like a process and uh"}, {"start": "00:06:10", "end": "00:06:12", "text": "some sort of recommendation that happens"}, {"start": "00:06:12", "end": "00:06:13", "text": "from whether it's staff administration"}, {"start": "00:06:13", "end": "00:06:17", "text": "DOJ or somebody like that."}, {"start": "00:06:17", "end": "00:06:19", "text": "I don't know for certain how it all"}, {"start": "00:06:19", "end": "00:06:21", "text": "plays out exactly inside of the White"}, {"start": "00:06:21", "end": "00:06:23", "text": "House but you know there are certain"}, {"start": "00:06:23", "end": "00:06:25", "text": "people that have to sign off on it. So"}, {"start": "00:06:25", "end": "00:06:27", "text": "the White House council's office will"}, {"start": "00:06:27", "end": "00:06:29", "text": "have to sign off on it. The pardon"}, {"start": "00:06:29", "end": "00:06:30", "text": "attorney would have to sign off on it."}, {"start": "00:06:30", "end": "00:06:32", "text": "And of course it's like it's the"}, {"start": "00:06:32", "end": "00:06:34", "text": "president's ultimate decision. So he has"}, {"start": "00:06:34", "end": "00:06:37", "text": "to sign off on it. Um and you know, so"}, {"start": "00:06:37", "end": "00:06:39", "text": "it's a it's a variety of of these"}, {"start": "00:06:39", "end": "00:06:41", "text": "different people working together, but I"}, {"start": "00:06:41", "end": "00:06:43", "text": "don't have, you know, I wasn't in any of"}, {"start": "00:06:43", "end": "00:06:44", "text": "the rooms with any of those"}, {"start": "00:06:44", "end": "00:06:46", "text": "conversations or anything, so I don't"}, {"start": "00:06:46", "end": "00:06:48", "text": "have any any specific information about"}, {"start": "00:06:48", "end": "00:06:49", "text": "that."}, {"start": "00:06:49", "end": "00:06:50", "text": "Today's episode is brought to you by"}, {"start": "00:06:50", "end": "00:06:52", "text": "Arch Public. As markets shift, headlines"}, {"start": "00:06:52", "end": "00:06:54", "text": "break, and interest rates swing, one"}, {"start": "00:06:54", "end": "00:06:56", "text": "thing stays true. Opportunity is"}, {"start": "00:06:56", "end": "00:06:58", "text": "everywhere. At Arch Public, they help"}, {"start": "00:06:58", "end": "00:07:00", "text": "you do more than just buy and hold. Yes,"}, {"start": "00:07:00", "end": "00:07:02", "text": "their dynamic accumulation algorithms"}, {"start": "00:07:02", "end": "00:07:04", "text": "are built for long-term investors, but"}, {"start": "00:07:04", "end": "00:07:07", "text": "where they really shine. Their arbitrage"}, {"start": "00:07:07", "end": "00:07:09", "text": "algos designed to farm volatility and"}, {"start": "00:07:09", "end": "00:07:11", "text": "turbocharge your core positions. The"}, {"start": "00:07:11", "end": "00:07:13", "text": "best part of Arch Public's products is"}, {"start": "00:07:13", "end": "00:07:15", "text": "they're free. Yeah, you heard that"}, {"start": "00:07:15", "end": "00:07:17", "text": "right. Try Arch Public for free. Take"}, {"start": "00:07:17", "end": "00:07:19", "text": "advantage of wild moves and assets like"}, {"start": "00:07:19", "end": "00:07:21", "text": "Salana, Sooie, and Doge. and use them to"}, {"start": "00:07:21", "end": "00:07:23", "text": "stack more Bitcoin completely"}, {"start": "00:07:23", "end": "00:07:25", "text": "hands-free. Arch Public is already a"}, {"start": "00:07:25", "end": "00:07:26", "text": "preferred partner with Coinbase, Kraken,"}, {"start": "00:07:26", "end": "00:07:28", "text": "Gemini, and Robin Hood, and their team"}, {"start": "00:07:28", "end": "00:07:30", "text": "is here to help you build smarter in any"}, {"start": "00:07:30", "end": "00:07:32", "text": "market. Visit Arch Public today at"}, {"start": "00:07:32", "end": "00:07:34", "text": "archpub.com,"}, {"start": "00:07:34", "end": "00:07:38", "text": "and your portfolio will thank you."}, {"start": "00:07:39", "end": "00:07:41", "text": "I see. So, if I had uh some of the"}, {"start": "00:07:41", "end": "00:07:43", "text": "people who I would put in the credit"}, {"start": "00:07:43", "end": "00:07:44", "text": "bucket uh and they were here and they"}, {"start": "00:07:44", "end": "00:07:45", "text": "were talking to you, I think the big"}, {"start": "00:07:45", "end": "00:07:48", "text": "questions they would have is um it looks"}, {"start": "00:07:48", "end": "00:07:52", "text": "like uh CZ, Binance, uh World Liberty"}, {"start": "00:07:52", "end": "00:07:55", "text": "Financial, Trump, there's just a lot of"}, {"start": "00:07:55", "end": "00:07:57", "text": "uh kind of misunderstanding uh maybe if"}, {"start": "00:07:57", "end": "00:07:59", "text": "you're very kind or there could be"}, {"start": "00:07:59", "end": "00:08:01", "text": "potential like paytoplay for a pardon uh"}, {"start": "00:08:01", "end": "00:08:03", "text": "if you're very aggressive in evaluating"}, {"start": "00:08:03", "end": "00:08:05", "text": "this. Can you walk through, you know,"}, {"start": "00:08:05", "end": "00:08:08", "text": "kind of what the um, you know, defense"}, {"start": "00:08:08", "end": "00:08:10", "text": "is for some of these critiques? I don't"}, {"start": "00:08:10", "end": "00:08:11", "text": "think I have to repeat all of them. You"}, {"start": "00:08:11", "end": "00:08:13", "text": "guys have all seen this stuff, but like"}, {"start": "00:08:13", "end": "00:08:15", "text": "how should people think about uh the"}, {"start": "00:08:15", "end": "00:08:18", "text": "business dealings in relationship to"}, {"start": "00:08:18", "end": "00:08:21", "text": "some sort of part?"}, {"start": "00:08:21", "end": "00:08:24", "text": "Yeah, it's it's really just a pile up of"}, {"start": "00:08:24", "end": "00:08:26", "text": "a lot of uh false statements,"}, {"start": "00:08:26", "end": "00:08:28", "text": "misstatements,"}, {"start": "00:08:28", "end": "00:08:31", "text": "uh sometimes assumptions if you want to"}, {"start": "00:08:31", "end": "00:08:32", "text": "give them the benefit of the doubt, but"}, {"start": "00:08:32", "end": "00:08:34", "text": "oftent times they're just false"}, {"start": "00:08:34", "end": "00:08:35", "text": "statements and they've continued to"}, {"start": "00:08:35", "end": "00:08:38", "text": "snowball and they continue to, you know,"}, {"start": "00:08:38", "end": "00:08:40", "text": "just pile up on one another. And I think"}, {"start": "00:08:40", "end": "00:08:42", "text": "when you're reading these, if you look"}, {"start": "00:08:42", "end": "00:08:43", "text": "and see, is there any kind of"}, {"start": "00:08:43", "end": "00:08:45", "text": "verification in here? And what is this"}, {"start": "00:08:45", "end": "00:08:48", "text": "based on? and you'll see a media report"}, {"start": "00:08:48", "end": "00:08:50", "text": "citing a media report citing a media"}, {"start": "00:08:50", "end": "00:08:53", "text": "report and there's no basis for it other"}, {"start": "00:08:53", "end": "00:08:56", "text": "than sources that are close to somebody"}, {"start": "00:08:56", "end": "00:08:59", "text": "which is kind of code for you know not a"}, {"start": "00:08:59", "end": "00:09:04", "text": "strong source. So um one you know they"}, {"start": "00:09:04", "end": "00:09:06", "text": "continue the media continues to refer to"}, {"start": "00:09:06", "end": "00:09:10", "text": "world liberty uh as Trump's um Trump's"}, {"start": "00:09:10", "end": "00:09:13", "text": "company and that's just not I haven't"}, {"start": "00:09:13", "end": "00:09:14", "text": "seen anything to show me that that's"}, {"start": "00:09:14", "end": "00:09:17", "text": "true. Um, I see on the website, you"}, {"start": "00:09:17", "end": "00:09:20", "text": "know, an ameritus status and, you know,"}, {"start": "00:09:20", "end": "00:09:24", "text": "I've seen reports of a minority stake by"}, {"start": "00:09:24", "end": "00:09:27", "text": "some Trump entity, but I haven't seen"}, {"start": "00:09:27", "end": "00:09:29", "text": "anything that shows me exactly that"}, {"start": "00:09:29", "end": "00:09:30", "text": "this, you know, for one, that this is"}, {"start": "00:09:30", "end": "00:09:33", "text": "even Trump's um, company. And so, you"}, {"start": "00:09:33", "end": "00:09:35", "text": "start with that that people put"}, {"start": "00:09:35", "end": "00:09:38", "text": "together, put down in in the lay in the"}, {"start": "00:09:38", "end": "00:09:39", "text": "sand that that's a that's a valid"}, {"start": "00:09:39", "end": "00:09:41", "text": "premise, but it's not. It's it's got"}, {"start": "00:09:41", "end": "00:09:43", "text": "these baked in assumptions and I would"}, {"start": "00:09:43", "end": "00:09:46", "text": "say false statements and then you know"}, {"start": "00:09:46", "end": "00:09:48", "text": "then you build on that and you say that"}, {"start": "00:09:48", "end": "00:09:50", "text": "there was some paytoplay but but where"}, {"start": "00:09:50", "end": "00:09:54", "text": "and how you know there is nothing that I"}, {"start": "00:09:54", "end": "00:09:57", "text": "see that um doesn't defy common sense"}, {"start": "00:09:57", "end": "00:10:00", "text": "right as a as a basis for example you"}, {"start": "00:10:00", "end": "00:10:03", "text": "know that uh USDC1"}, {"start": "00:10:03", "end": "00:10:05", "text": "the the stable coin that that world"}, {"start": "00:10:05", "end": "00:10:08", "text": "liberty issued um is on the Binance"}, {"start": "00:10:08", "end": "00:10:11", "text": "chain well that's that's open it's"}, {"start": "00:10:11", "end": "00:10:13", "text": "public. Lots of people do it, you know,"}, {"start": "00:10:13", "end": "00:10:16", "text": "and just because I list something on"}, {"start": "00:10:16", "end": "00:10:18", "text": "Craigslist, it doesn't mean that I"}, {"start": "00:10:18", "end": "00:10:20", "text": "therefore have some special relationship"}, {"start": "00:10:20", "end": "00:10:24", "text": "with the former CEO of um Craigslist,"}, {"start": "00:10:24", "end": "00:10:27", "text": "you know, and so it's it's those kinds"}, {"start": "00:10:27", "end": "00:10:29", "text": "of things that just don't really make"}, {"start": "00:10:29", "end": "00:10:30", "text": "any sense and people are making these"}, {"start": "00:10:30", "end": "00:10:33", "text": "assumptions that just show a a"}, {"start": "00:10:33", "end": "00:10:36", "text": "fundamental misunderstanding of how"}, {"start": "00:10:36", "end": "00:10:39", "text": "either business works or how blockchain"}, {"start": "00:10:39", "end": "00:10:44", "text": "works. Um, and then there's also the the"}, {"start": "00:10:44", "end": "00:10:46", "text": "allegation about Binance"}, {"start": "00:10:46", "end": "00:10:51", "text": "um, and that stake that MGX paid in USD1"}, {"start": "00:10:51", "end": "00:10:55", "text": "for um, of Binance and that somehow that"}, {"start": "00:10:55", "end": "00:10:58", "text": "shows some relationship and that is"}, {"start": "00:10:58", "end": "00:11:01", "text": "Binance and CZ giving the president"}, {"start": "00:11:01", "end": "00:11:05", "text": "money and that also shows a fundamental"}, {"start": "00:11:05", "end": "00:11:08", "text": "uh, lack of understanding of how"}, {"start": "00:11:08", "end": "00:11:10", "text": "stable coins work and what the business"}, {"start": "00:11:10", "end": "00:11:12", "text": "model is because that's similar to"}, {"start": "00:11:12", "end": "00:11:16", "text": "saying you know that you buy wheat from"}, {"start": "00:11:16", "end": "00:11:18", "text": "me and you pay in a Swiss Frank and"}, {"start": "00:11:18", "end": "00:11:21", "text": "therefore I'm investing in Swiss Franks"}, {"start": "00:11:21", "end": "00:11:24", "text": "and I'm paying to play you know with the"}, {"start": "00:11:24", "end": "00:11:28", "text": "politicians in in Switzerland and you"}, {"start": "00:11:28", "end": "00:11:29", "text": "know that doesn't make any sense and"}, {"start": "00:11:29", "end": "00:11:31", "text": "that's the same it's like exactly the"}, {"start": "00:11:31", "end": "00:11:33", "text": "same thing that's being argued here. So,"}, {"start": "00:11:33", "end": "00:11:35", "text": "it's it's these fundamental"}, {"start": "00:11:35", "end": "00:11:38", "text": "misunderstandings and then um I think"}, {"start": "00:11:38", "end": "00:11:42", "text": "oftentimes people who understand how um"}, {"start": "00:11:42", "end": "00:11:44", "text": "kind of ridiculous these allegations"}, {"start": "00:11:44", "end": "00:11:48", "text": "are, they don't uh defend them as as"}, {"start": "00:11:48", "end": "00:11:51", "text": "strongly as you might otherwise because"}, {"start": "00:11:51", "end": "00:11:53", "text": "because they don't make any sense. But"}, {"start": "00:11:53", "end": "00:11:55", "text": "then the people who don't understand how"}, {"start": "00:11:55", "end": "00:11:58", "text": "it works continues to uh repeat them"}, {"start": "00:11:58", "end": "00:11:59", "text": "over and over again and then it"}, {"start": "00:11:59", "end": "00:12:02", "text": "continues to snowball. And so I I feel"}, {"start": "00:12:02", "end": "00:12:04", "text": "like that's what we've seen here."}, {"start": "00:12:04", "end": "00:12:06", "text": "I you know, you're a lawyer, a very good"}, {"start": "00:12:06", "end": "00:12:08", "text": "lawyer. Um I uh I've always wanted to be"}, {"start": "00:12:08", "end": "00:12:09", "text": "a lawyer. I'm not smart enough to be"}, {"start": "00:12:09", "end": "00:12:11", "text": "one, but I figured like I could like"}, {"start": "00:12:11", "end": "00:12:14", "text": "grill you a little bit. And so um is"}, {"start": "00:12:14", "end": "00:12:17", "text": "USD1 on other chains or just on the"}, {"start": "00:12:17", "end": "00:12:18", "text": "Binance chain and"}, {"start": "00:12:18", "end": "00:12:21", "text": "you're very smart and you know and it's"}, {"start": "00:12:21", "end": "00:12:23", "text": "exactly it is on other chains and that's"}, {"start": "00:12:23", "end": "00:12:25", "text": "that's another point too and and other"}, {"start": "00:12:25", "end": "00:12:27", "text": "exchanges hold it. And so if you're"}, {"start": "00:12:27", "end": "00:12:30", "text": "going to say that it's on that, you"}, {"start": "00:12:30", "end": "00:12:32", "text": "know, uh, some other some other exchange"}, {"start": "00:12:32", "end": "00:12:34", "text": "has it and therefore everybody should be"}, {"start": "00:12:34", "end": "00:12:36", "text": "arguing that they're they're giving the"}, {"start": "00:12:36", "end": "00:12:37", "text": "president money and they're doing these"}, {"start": "00:12:37", "end": "00:12:39", "text": "horrible things, but they're not, right?"}, {"start": "00:12:39", "end": "00:12:40", "text": "It's only Binance."}, {"start": "00:12:40", "end": "00:12:43", "text": "Okay. Um, have other crypto exchange"}, {"start": "00:12:43", "end": "00:12:45", "text": "CEOs received pardons from the Trump"}, {"start": "00:12:45", "end": "00:12:47", "text": "administration?"}, {"start": "00:12:47", "end": "00:12:50", "text": "Um, yeah, I believe Arthur Hayes did. I"}, {"start": "00:12:50", "end": "00:12:53", "text": "think he was the CEO. Um, and BitMX, the"}, {"start": "00:12:53", "end": "00:12:56", "text": "company BitMX did as well. Um and by the"}, {"start": "00:12:56", "end": "00:13:01", "text": "way we've been pardoning um people for"}, {"start": "00:13:01", "end": "00:13:04", "text": "and and companies juredical people also"}, {"start": "00:13:04", "end": "00:13:06", "text": "from the beginning of our you know the"}, {"start": "00:13:06", "end": "00:13:07", "text": "country all the way back to England."}, {"start": "00:13:07", "end": "00:13:09", "text": "Same thing with civil offenses both"}, {"start": "00:13:09", "end": "00:13:11", "text": "criminal and civil and people and"}, {"start": "00:13:11", "end": "00:13:14", "text": "entities. So um that's been happening"}, {"start": "00:13:14", "end": "00:13:16", "text": "for a long time. It's only more recent"}, {"start": "00:13:16", "end": "00:13:18", "text": "that it became more focused on criminal"}, {"start": "00:13:18", "end": "00:13:23", "text": "and and individuals. And um there was"}, {"start": "00:13:23", "end": "00:13:27", "text": "the uh Silk Road Ross Earlbrook. He was"}, {"start": "00:13:27", "end": "00:13:29", "text": "pardoned as well."}, {"start": "00:13:29", "end": "00:13:30", "text": "So's there's other people who have done"}, {"start": "00:13:30", "end": "00:13:33", "text": "this. It's not just like a CZ thing."}, {"start": "00:13:33", "end": "00:13:33", "text": "Okay."}, {"start": "00:13:33", "end": "00:13:34", "text": "Right. Exactly."}, {"start": "00:13:34", "end": "00:13:36", "text": "Let me switch back around to the critic"}, {"start": "00:13:36", "end": "00:13:38", "text": "side. Uh when those people I think hear"}, {"start": "00:13:38", "end": "00:13:40", "text": "this, they say, \"Okay, got it. There's a"}, {"start": "00:13:40", "end": "00:13:41", "text": "lot of smoke here. Where there's smoke,"}, {"start": "00:13:41", "end": "00:13:43", "text": "there's usually fire.\" Um, is there some"}, {"start": "00:13:43", "end": "00:13:46", "text": "payment like maybe Trump's got like a"}, {"start": "00:13:46", "end": "00:13:48", "text": "secret Bitcoin wallet and either CZ or"}, {"start": "00:13:48", "end": "00:13:50", "text": "Binance sent money directly or there's"}, {"start": "00:13:50", "end": "00:13:52", "text": "something that eventually will come out"}, {"start": "00:13:52", "end": "00:13:54", "text": "that is, you know, not part of the like"}, {"start": "00:13:54", "end": "00:13:56", "text": "more publicly known details. Is there"}, {"start": "00:13:56", "end": "00:13:58", "text": "anything like that that you think has"}, {"start": "00:13:58", "end": "00:13:59", "text": "credence that is maybe more of like the"}, {"start": "00:13:59", "end": "00:14:02", "text": "conspiratorial uh critiques that people"}, {"start": "00:14:02", "end": "00:14:04", "text": "have talked about?"}, {"start": "00:14:04", "end": "00:14:09", "text": "Um, so well I know CZ so I just I just"}, {"start": "00:14:09", "end": "00:14:11", "text": "know that that would never happen."}, {"start": "00:14:11", "end": "00:14:15", "text": "that's just not who he is. Um, and I I"}, {"start": "00:14:15", "end": "00:14:17", "text": "yeah, I just know that that wouldn't"}, {"start": "00:14:17", "end": "00:14:21", "text": "happen. Um, I I think enough of the"}, {"start": "00:14:21", "end": "00:14:23", "text": "president. I don't know him. Um, of"}, {"start": "00:14:23", "end": "00:14:24", "text": "course I would love to, but I don't know"}, {"start": "00:14:24", "end": "00:14:26", "text": "him and and I I can't imagine that"}, {"start": "00:14:26", "end": "00:14:27", "text": "that's something that he would do"}, {"start": "00:14:27", "end": "00:14:29", "text": "either. So, um,"}, {"start": "00:14:29", "end": "00:14:31", "text": "I don't know if he's got a Bitcoin"}, {"start": "00:14:31", "end": "00:14:32", "text": "wallet. You know, that would be uh"}, {"start": "00:14:32", "end": "00:14:35", "text": "somewhat surprising to me as well."}, {"start": "00:14:35", "end": "00:14:37", "text": "Yeah. and you know the way that people"}, {"start": "00:14:37", "end": "00:14:39", "text": "can track everything if that were the"}, {"start": "00:14:39", "end": "00:14:41", "text": "case we would be seeing like we would"}, {"start": "00:14:41", "end": "00:14:43", "text": "see that tracked so you know I think"}, {"start": "00:14:43", "end": "00:14:45", "text": "that that would already be reported on"}, {"start": "00:14:45", "end": "00:14:48", "text": "in some really verifiable and credible"}, {"start": "00:14:48", "end": "00:14:52", "text": "way and that's one of the beauties of of"}, {"start": "00:14:52", "end": "00:14:54", "text": "you know distributed ledger technology"}, {"start": "00:14:54", "end": "00:15:00", "text": "is that transparency so um yeah no I I I"}, {"start": "00:15:00", "end": "00:15:02", "text": "nothing like that is happening yeah"}, {"start": "00:15:02", "end": "00:15:04", "text": "got it and so when you look at um you"}, {"start": "00:15:04", "end": "00:15:06", "text": "know kind of all of these critiques that"}, {"start": "00:15:06", "end": "00:15:09", "text": "people have. It sounds like most of them"}, {"start": "00:15:09", "end": "00:15:11", "text": "are things where uh people are trying to"}, {"start": "00:15:11", "end": "00:15:14", "text": "pin some sort of indirect benefit uh or"}, {"start": "00:15:14", "end": "00:15:16", "text": "indirect, you know, uh kind of"}, {"start": "00:15:16", "end": "00:15:18", "text": "transaction on this pardon process. But"}, {"start": "00:15:18", "end": "00:15:20", "text": "I I I've learned some in this"}, {"start": "00:15:20", "end": "00:15:21", "text": "conversation of like there's multiple"}, {"start": "00:15:21", "end": "00:15:23", "text": "people involved in the approval process."}, {"start": "00:15:23", "end": "00:15:24", "text": "It's not just the president themselves"}, {"start": "00:15:24", "end": "00:15:25", "text": "unilaterally doing this. Other people"}, {"start": "00:15:25", "end": "00:15:28", "text": "have to sign off on it. And also too is"}, {"start": "00:15:28", "end": "00:15:30", "text": "uh some of the things that people are"}, {"start": "00:15:30", "end": "00:15:31", "text": "saying maybe there's a payment made in"}, {"start": "00:15:31", "end": "00:15:34", "text": "USD1 or whatever but it's also happening"}, {"start": "00:15:34", "end": "00:15:35", "text": "on other chains or other people are"}, {"start": "00:15:35", "end": "00:15:37", "text": "using this stuff and so um it's kind of"}, {"start": "00:15:37", "end": "00:15:38", "text": "like you're picking one example out of"}, {"start": "00:15:38", "end": "00:15:41", "text": "many but you're trying to pin a story."}, {"start": "00:15:41", "end": "00:15:41", "text": "Um"}, {"start": "00:15:41", "end": "00:15:43", "text": "yeah can you imagine too if the opposite"}, {"start": "00:15:43", "end": "00:15:46", "text": "was true if Binance said no you know you"}, {"start": "00:15:46", "end": "00:15:49", "text": "can't put USD1 on here even you can't"}, {"start": "00:15:49", "end": "00:15:51", "text": "pay for the stake in USD1 or anything"}, {"start": "00:15:51", "end": "00:15:53", "text": "like that as a for a crypto exchange. I"}, {"start": "00:15:53", "end": "00:15:56", "text": "mean how could they possibly say no? Um,"}, {"start": "00:15:56", "end": "00:15:58", "text": "so you put it, you know, flip the the"}, {"start": "00:15:58", "end": "00:16:01", "text": "shoe on the other foot and it's it's uh"}, {"start": "00:16:01", "end": "00:16:03", "text": "kind of shows a little bit more how"}, {"start": "00:16:03", "end": "00:16:06", "text": "ridiculous I think the the argument is."}, {"start": "00:16:06", "end": "00:16:08", "text": "All right. Now, I've known CZ for uh a"}, {"start": "00:16:08", "end": "00:16:10", "text": "number of years now. U I've always known"}, {"start": "00:16:10", "end": "00:16:12", "text": "him to be a very uh cool, calm,"}, {"start": "00:16:12", "end": "00:16:16", "text": "collected, uh kind person."}, {"start": "00:16:16", "end": "00:16:18", "text": "Test a person going through something"}, {"start": "00:16:18", "end": "00:16:20", "text": "like this. Um, you know, I I did an"}, {"start": "00:16:20", "end": "00:16:22", "text": "interview with him uh earlier this year"}, {"start": "00:16:22", "end": "00:16:24", "text": "where he talked about you, I mean, he"}, {"start": "00:16:24", "end": "00:16:25", "text": "came from a village with no electricity"}, {"start": "00:16:25", "end": "00:16:28", "text": "or running water to uh allegedly one of"}, {"start": "00:16:28", "end": "00:16:30", "text": "the wealthiest people in the world. And"}, {"start": "00:16:30", "end": "00:16:31", "text": "to go through this whole process, I"}, {"start": "00:16:31", "end": "00:16:34", "text": "can't imagine that's easy. How did he"}, {"start": "00:16:34", "end": "00:16:35", "text": "handle this? Right. I think that's like"}, {"start": "00:16:35", "end": "00:16:37", "text": "one of the pieces that kind of gets lost"}, {"start": "00:16:37", "end": "00:16:39", "text": "in all of this is there's like the legal"}, {"start": "00:16:39", "end": "00:16:41", "text": "process, the political process, the the"}, {"start": "00:16:41", "end": "00:16:42", "text": "the facts, the critiques, the media,"}, {"start": "00:16:42", "end": "00:16:44", "text": "etc. Like there's still a person, you"}, {"start": "00:16:44", "end": "00:16:46", "text": "know, he's got a family. He he's dealing"}, {"start": "00:16:46", "end": "00:16:47", "text": "with the human emotions. He went to"}, {"start": "00:16:47", "end": "00:16:49", "text": "prison, you know. all this kind of"}, {"start": "00:16:49", "end": "00:16:50", "text": "stuff. I got to imagine there's a lot of"}, {"start": "00:16:50", "end": "00:16:52", "text": "ups and downs throughout this entire"}, {"start": "00:16:52", "end": "00:16:54", "text": "thing."}, {"start": "00:16:54", "end": "00:16:55", "text": "Yeah, that's another thing that's so"}, {"start": "00:16:55", "end": "00:16:58", "text": "impressive about him. And so I feel like"}, {"start": "00:16:58", "end": "00:17:00", "text": "even as this lawyer, I had more ups and"}, {"start": "00:17:00", "end": "00:17:03", "text": "downs than he did cuz he is so"}, {"start": "00:17:03", "end": "00:17:06", "text": "so calm and collected and he takes, you"}, {"start": "00:17:06", "end": "00:17:08", "text": "know, everything in stride. And you"}, {"start": "00:17:08", "end": "00:17:12", "text": "know, I'm I'm an optimist, but there's,"}, {"start": "00:17:12", "end": "00:17:14", "text": "you know, his optimism is off the charts"}, {"start": "00:17:14", "end": "00:17:16", "text": "and just kind of always sees the silver"}, {"start": "00:17:16", "end": "00:17:21", "text": "lining in things. And um yeah, I think I"}, {"start": "00:17:21", "end": "00:17:23", "text": "I'm very impressed. I don't I don't know"}, {"start": "00:17:23", "end": "00:17:25", "text": "anybody who could handle it quite like"}, {"start": "00:17:25", "end": "00:17:28", "text": "he he has as as calm and collected and"}, {"start": "00:17:28", "end": "00:17:32", "text": "as you know, staying so u grateful for"}, {"start": "00:17:32", "end": "00:17:36", "text": "for everything that he has. And um and I"}, {"start": "00:17:36", "end": "00:17:38", "text": "I'm so glad that you said that because"}, {"start": "00:17:38", "end": "00:17:40", "text": "sometimes it's so infuriating standing"}, {"start": "00:17:40", "end": "00:17:43", "text": "and watching people uh do things or"}, {"start": "00:17:43", "end": "00:17:45", "text": "treat him a certain way or or I I read"}, {"start": "00:17:45", "end": "00:17:48", "text": "things that I know are completely false"}, {"start": "00:17:48", "end": "00:17:50", "text": "um or say things that I know are"}, {"start": "00:17:50", "end": "00:17:52", "text": "completely false and it's a it's this is"}, {"start": "00:17:52", "end": "00:17:55", "text": "a human being, right? And so and with a"}, {"start": "00:17:55", "end": "00:17:58", "text": "family and and people uh forget about"}, {"start": "00:17:58", "end": "00:18:00", "text": "that. So, I think it's something so"}, {"start": "00:18:00", "end": "00:18:02", "text": "important to remember the humanity of"}, {"start": "00:18:02", "end": "00:18:05", "text": "everyone and when you're attacking"}, {"start": "00:18:05", "end": "00:18:07", "text": "somebody or, you know, defaming them or"}, {"start": "00:18:07", "end": "00:18:10", "text": "whatever you're doing um or you're"}, {"start": "00:18:10", "end": "00:18:13", "text": "you're arguing to or trying to keep them"}, {"start": "00:18:13", "end": "00:18:15", "text": "from getting something a pardon, then"}, {"start": "00:18:15", "end": "00:18:20", "text": "that's a human with a family and um they"}, {"start": "00:18:20", "end": "00:18:22", "text": "they don't deserve that probably."}, {"start": "00:18:22", "end": "00:18:23", "text": "Tracy, you're being nice to I was hoping"}, {"start": "00:18:23", "end": "00:18:24", "text": "that you were going to say something"}, {"start": "00:18:24", "end": "00:18:26", "text": "that like he lost his temper. You know,"}, {"start": "00:18:26", "end": "00:18:28", "text": "he's a good-looking guy. He's wealthy."}, {"start": "00:18:28", "end": "00:18:29", "text": "He's always got his everything under"}, {"start": "00:18:29", "end": "00:18:31", "text": "control. I was like envious of it. I was"}, {"start": "00:18:31", "end": "00:18:32", "text": "hoping there was like a flaw that you"}, {"start": "00:18:32", "end": "00:18:35", "text": "were going to uh to uncover there. Um I"}, {"start": "00:18:35", "end": "00:18:37", "text": "also saw online I had to check this"}, {"start": "00:18:37", "end": "00:18:38", "text": "twice cuz I thought that maybe somebody"}, {"start": "00:18:38", "end": "00:18:41", "text": "like made it with AI or some sort of"}, {"start": "00:18:41", "end": "00:18:43", "text": "like doctorred uh image. Elizabeth"}, {"start": "00:18:43", "end": "00:18:45", "text": "Warren came out and she made a bunch of"}, {"start": "00:18:45", "end": "00:18:47", "text": "claims basically dunking on CZ and the"}, {"start": "00:18:47", "end": "00:18:50", "text": "situation and and uh all that. Both"}, {"start": "00:18:50", "end": "00:18:51", "text": "sides of the political aisle do that"}, {"start": "00:18:51", "end": "00:18:52", "text": "constantly. So you know I don't think a"}, {"start": "00:18:52", "end": "00:18:53", "text": "lot of people kind of thought about"}, {"start": "00:18:53", "end": "00:18:56", "text": "that. But then I saw a response from I"}, {"start": "00:18:56", "end": "00:18:58", "text": "think it was either you, CZ, etc. that"}, {"start": "00:18:58", "end": "00:18:59", "text": "basically was like, \"Hey, you're saying"}, {"start": "00:18:59", "end": "00:19:01", "text": "things that are inaccurate.\" And then it"}, {"start": "00:19:01", "end": "00:19:02", "text": "got real juicy because then she"}, {"start": "00:19:02", "end": "00:19:04", "text": "responded again and it kind of became"}, {"start": "00:19:04", "end": "00:19:06", "text": "this like uh soap opera of back and"}, {"start": "00:19:06", "end": "00:19:08", "text": "forth of, you know, who's right, who's"}, {"start": "00:19:08", "end": "00:19:10", "text": "wrong. Can you just walk us through like"}, {"start": "00:19:10", "end": "00:19:12", "text": "this scenario and is it normal for a"}, {"start": "00:19:12", "end": "00:19:14", "text": "politician to kind of inject themselves"}, {"start": "00:19:14", "end": "00:19:16", "text": "and and the responses and and kind of"}, {"start": "00:19:16", "end": "00:19:18", "text": "what happened there?"}, {"start": "00:19:18", "end": "00:19:21", "text": "Yeah. Well, um, so she put up on social"}, {"start": "00:19:21", "end": "00:19:23", "text": "media that, you know, he had been"}, {"start": "00:19:23", "end": "00:19:25", "text": "convicted of a crime that he wasn't"}, {"start": "00:19:25", "end": "00:19:28", "text": "convicted of. And then, um, also that he"}, {"start": "00:19:28", "end": "00:19:31", "text": "had, um, taken place in this like pay"}, {"start": "00:19:31", "end": "00:19:34", "text": "pay to play, like he had he had done"}, {"start": "00:19:34", "end": "00:19:37", "text": "something wrong in, um, in the way that"}, {"start": "00:19:37", "end": "00:19:39", "text": "he went about obtaining, you know, his"}, {"start": "00:19:39", "end": "00:19:41", "text": "pardon or requesting his pardon and"}, {"start": "00:19:41", "end": "00:19:44", "text": "which was additional kind of imputing"}, {"start": "00:19:44", "end": "00:19:47", "text": "criminal liability on him. um which was"}, {"start": "00:19:47", "end": "00:19:51", "text": "also not accurate. And so you you can't"}, {"start": "00:19:51", "end": "00:19:53", "text": "just go and say things about people and"}, {"start": "00:19:53", "end": "00:19:56", "text": "allege that they violated various crime"}, {"start": "00:19:56", "end": "00:19:57", "text": "or committed various crimes that they"}, {"start": "00:19:57", "end": "00:20:00", "text": "haven't committed, multiple crimes"}, {"start": "00:20:00", "end": "00:20:03", "text": "when when that's not true and you have"}, {"start": "00:20:03", "end": "00:20:08", "text": "no basis for it. And um so I think it's"}, {"start": "00:20:08", "end": "00:20:10", "text": "important that it doesn't matter who you"}, {"start": "00:20:10", "end": "00:20:12", "text": "are. you know, yes, there are certain"}, {"start": "00:20:12", "end": "00:20:14", "text": "immunities and things that apply to um"}, {"start": "00:20:14", "end": "00:20:16", "text": "people in government or in different"}, {"start": "00:20:16", "end": "00:20:18", "text": "spec particular positions, but they only"}, {"start": "00:20:18", "end": "00:20:21", "text": "apply in some circumstances."}, {"start": "00:20:21", "end": "00:20:24", "text": "And um this is actually an area where"}, {"start": "00:20:24", "end": "00:20:26", "text": "I'm hoping that we pay a little bit more"}, {"start": "00:20:26", "end": "00:20:30", "text": "attention because um you know, the"}, {"start": "00:20:30", "end": "00:20:32", "text": "immunity that's given to these folks is"}, {"start": "00:20:32", "end": "00:20:35", "text": "not what our founding fathers had"}, {"start": "00:20:35", "end": "00:20:37", "text": "wanted. And if you go back and you read,"}, {"start": "00:20:37", "end": "00:20:39", "text": "you know, what they were talking about"}, {"start": "00:20:39", "end": "00:20:40", "text": "when they talked about, for example, the"}, {"start": "00:20:40", "end": "00:20:44", "text": "speech or debate clause or um uh I mean"}, {"start": "00:20:44", "end": "00:20:46", "text": "that's a big part of it or or and how"}, {"start": "00:20:46", "end": "00:20:50", "text": "that that um how politicians"}, {"start": "00:20:50", "end": "00:20:52", "text": "particularly can really impact people's"}, {"start": "00:20:52", "end": "00:20:56", "text": "uh lives, their livelihood by the things"}, {"start": "00:20:56", "end": "00:20:57", "text": "that they say in that imu in that"}, {"start": "00:20:57", "end": "00:21:00", "text": "immunity. And uh Joseph Sto's"}, {"start": "00:21:00", "end": "00:21:02", "text": "commentaries on the Constitution"}, {"start": "00:21:02", "end": "00:21:04", "text": "actually really crystallized this about"}, {"start": "00:21:04", "end": "00:21:06", "text": "the concern. And I think that's"}, {"start": "00:21:06", "end": "00:21:08", "text": "something that we've hit on today. You"}, {"start": "00:21:08", "end": "00:21:10", "text": "know, it's a little off topic, but this"}, {"start": "00:21:10", "end": "00:21:13", "text": "is I mean, this is exactly kind of she's"}, {"start": "00:21:13", "end": "00:21:15", "text": "she is getting to the heart of what our"}, {"start": "00:21:15", "end": "00:21:18", "text": "founding fathers were concerned about."}, {"start": "00:21:18", "end": "00:21:21", "text": "Hi, I'm Matt Hogan, CIO of crypto asset"}, {"start": "00:21:21", "end": "00:21:23", "text": "manager Bitwise. Look, crypto can be"}, {"start": "00:21:23", "end": "00:21:26", "text": "confusing. There's so much noise and the"}, {"start": "00:21:26", "end": "00:21:28", "text": "space changes so quickly. That's why"}, {"start": "00:21:28", "end": "00:21:31", "text": "every week I write a 5-minute memo on"}, {"start": "00:21:31", "end": "00:21:33", "text": "the biggest stories impacting crypto in"}, {"start": "00:21:33", "end": "00:21:36", "text": "plain English. Why is Bitcoin up or"}, {"start": "00:21:36", "end": "00:21:38", "text": "down? What are people missing? Where"}, {"start": "00:21:38", "end": "00:21:41", "text": "should investors look next? Get the"}, {"start": "00:21:41", "end": "00:21:43", "text": "lowdown every week. Sign up to get the"}, {"start": "00:21:43", "end": "00:21:45", "text": "weekly CIO memo delivered straight to"}, {"start": "00:21:45", "end": "00:21:47", "text": "your inbox. Go to"}, {"start": "00:21:47", "end": "00:21:50", "text": "bitwiseinvestments.com/cio"}, {"start": "00:21:50", "end": "00:21:51", "text": "memo. That's"}, {"start": "00:21:51", "end": "00:21:54", "text": "bitwiseinvestments.com/ciomme."}, {"start": "00:21:54", "end": "00:21:56", "text": "Carefully consider the extreme risks"}, {"start": "00:21:56", "end": "00:21:58", "text": "associated with crypto before investing."}, {"start": "00:21:58", "end": "00:22:00", "text": "Today's episode is brought to you by"}, {"start": "00:22:00", "end": "00:22:02", "text": "Zapo Bank. Are you a Bitcoiner looking"}, {"start": "00:22:02", "end": "00:22:04", "text": "for yield, security, and liquidity? 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And that's all with interest paid"}, {"start": "00:22:29", "end": "00:22:31", "text": "daily in Bitcoin. You can also spend"}, {"start": "00:22:31", "end": "00:22:33", "text": "worldwide with their premium debit card,"}, {"start": "00:22:33", "end": "00:22:35", "text": "earning up to 1% cash back in Bitcoin"}, {"start": "00:22:35", "end": "00:22:37", "text": "and no foreign exchange fees. And when"}, {"start": "00:22:37", "end": "00:22:38", "text": "you need liquidity, you can borrow"}, {"start": "00:22:38", "end": "00:22:41", "text": "against your Bitcoin, up to $1 million"}, {"start": "00:22:41", "end": "00:22:42", "text": "instantly with no hidden fees and no"}, {"start": "00:22:42", "end": "00:22:44", "text": "early repayment penalties. That means"}, {"start": "00:22:44", "end": "00:22:46", "text": "that you can access cash without selling"}, {"start": "00:22:46", "end": "00:22:48", "text": "your Bitcoin. And if you ever need help,"}, {"start": "00:22:48", "end": "00:22:50", "text": "you can talk to real people. Zapo's"}, {"start": "00:22:50", "end": "00:22:52", "text": "expert team is available 24/7 to answer"}, {"start": "00:22:52", "end": "00:22:54", "text": "your questions. Pomp podcast listeners,"}, {"start": "00:22:54", "end": "00:22:56", "text": "that's you, who sign up as new users"}, {"start": "00:22:56", "end": "00:22:58", "text": "will receive $150 off their first year"}, {"start": "00:22:58", "end": "00:23:00", "text": "of membership. Go straight to"}, {"start": "00:23:00", "end": "00:23:02", "text": "zapobank.com/p"}, {"start": "00:23:02", "end": "00:23:04", "text": "to start the application. The discount"}, {"start": "00:23:04", "end": "00:23:05", "text": "will be applied to your account after"}, {"start": "00:23:05", "end": "00:23:09", "text": "registration. That's xapank.com/p."}, {"start": "00:23:11", "end": "00:23:13", "text": "When you think about uh this situation,"}, {"start": "00:23:13", "end": "00:23:15", "text": "it does feel like it was a political"}, {"start": "00:23:15", "end": "00:23:18", "text": "situation uh in terms of crypto and uh"}, {"start": "00:23:18", "end": "00:23:20", "text": "kind of regulation and the crackdown"}, {"start": "00:23:20", "end": "00:23:22", "text": "that we saw over the last couple of"}, {"start": "00:23:22", "end": "00:23:23", "text": "years. Obviously, the new administration"}, {"start": "00:23:23", "end": "00:23:25", "text": "has taken a very different path. It"}, {"start": "00:23:25", "end": "00:23:26", "text": "seems like uh investors, market"}, {"start": "00:23:26", "end": "00:23:28", "text": "participants, and many politicians uh"}, {"start": "00:23:28", "end": "00:23:30", "text": "frankly are excited about, hey, we have"}, {"start": "00:23:30", "end": "00:23:32", "text": "a tailwind now for American innovation"}, {"start": "00:23:32", "end": "00:23:36", "text": "and all this stuff. Um that political"}, {"start": "00:23:36", "end": "00:23:38", "text": "nature sometimes feels like it can be a"}, {"start": "00:23:38", "end": "00:23:40", "text": "pendulum, right? you kind of swing very"}, {"start": "00:23:40", "end": "00:23:41", "text": "wildly with the last administration. Now"}, {"start": "00:23:41", "end": "00:23:42", "text": "you're almost going the opposite"}, {"start": "00:23:42", "end": "00:23:44", "text": "direction with this one. Is your"}, {"start": "00:23:44", "end": "00:23:45", "text": "expectation we're going to continue to"}, {"start": "00:23:45", "end": "00:23:46", "text": "see that go back and forth and people in"}, {"start": "00:23:46", "end": "00:23:49", "text": "the industry should uh kind of expect"}, {"start": "00:23:49", "end": "00:23:51", "text": "volatility there or do you think that"}, {"start": "00:23:51", "end": "00:23:53", "text": "once you start to get a tailwind, it's"}, {"start": "00:23:53", "end": "00:23:55", "text": "really hard to kind of switch back to"}, {"start": "00:23:55", "end": "00:23:56", "text": "being very aggressive and and kind of go"}, {"start": "00:23:56", "end": "00:23:59", "text": "after an industry?"}, {"start": "00:23:59", "end": "00:24:01", "text": "Yeah, I hope the pendulum isn't going to"}, {"start": "00:24:01", "end": "00:24:03", "text": "continue to to go back and forth that"}, {"start": "00:24:03", "end": "00:24:05", "text": "way. And I think, you know, now that"}, {"start": "00:24:05", "end": "00:24:07", "text": "we're able to get some of the innovation"}, {"start": "00:24:07", "end": "00:24:10", "text": "going um again in the United States that"}, {"start": "00:24:10", "end": "00:24:12", "text": "uh will solidify things. So like you"}, {"start": "00:24:12", "end": "00:24:14", "text": "know SEC chairman Paul Atkins, he wants"}, {"start": "00:24:14", "end": "00:24:17", "text": "all of our markets on chain and you know"}, {"start": "00:24:17", "end": "00:24:19", "text": "once they're on chain it will be hard to"}, {"start": "00:24:19", "end": "00:24:21", "text": "bring them you know take them off chain"}, {"start": "00:24:21", "end": "00:24:23", "text": "again. And this is you know a"}, {"start": "00:24:23", "end": "00:24:25", "text": "revolutionary technology that we"}, {"start": "00:24:25", "end": "00:24:27", "text": "shouldn't be you know running away from"}, {"start": "00:24:27", "end": "00:24:30", "text": "or or trying to stop. Um it's something"}, {"start": "00:24:30", "end": "00:24:33", "text": "that we need to embrace. And you know"}, {"start": "00:24:33", "end": "00:24:36", "text": "there there's so much efficiency and um"}, {"start": "00:24:36", "end": "00:24:39", "text": "so much scale that can come from it that"}, {"start": "00:24:39", "end": "00:24:41", "text": "I think better understanding it uh this"}, {"start": "00:24:41", "end": "00:24:43", "text": "gives people a better more of an"}, {"start": "00:24:43", "end": "00:24:44", "text": "opportunity to better understand it you"}, {"start": "00:24:44", "end": "00:24:47", "text": "know outside even financial services but"}, {"start": "00:24:47", "end": "00:24:50", "text": "all the other use cases um and so I"}, {"start": "00:24:50", "end": "00:24:53", "text": "think it's going to be hard to go back"}, {"start": "00:24:53", "end": "00:24:56", "text": "to a prior technology once we've"}, {"start": "00:24:56", "end": "00:24:58", "text": "advanced"}, {"start": "00:24:58", "end": "00:25:01", "text": "what is now changed at Binance that the"}, {"start": "00:25:01", "end": "00:25:04", "text": "CZ the settlement um and the um uh kind"}, {"start": "00:25:04", "end": "00:25:07", "text": "of pardon situation has uh happened. Is"}, {"start": "00:25:07", "end": "00:25:09", "text": "he going back to Binance? Is Binance"}, {"start": "00:25:09", "end": "00:25:10", "text": "changing anything about their business?"}, {"start": "00:25:10", "end": "00:25:12", "text": "I don't know how much of that stuff you"}, {"start": "00:25:12", "end": "00:25:14", "text": "know, but what's going on with Binance?"}, {"start": "00:25:14", "end": "00:25:16", "text": "He's not going back, you know, to to"}, {"start": "00:25:16", "end": "00:25:18", "text": "Binance right now. And and Binance still"}, {"start": "00:25:18", "end": "00:25:21", "text": "has all these restrictions on them uh"}, {"start": "00:25:21", "end": "00:25:26", "text": "from the from the DOJ and the CFTC and"}, {"start": "00:25:26", "end": "00:25:29", "text": "the Finen and the OFAC cases. It's"}, {"start": "00:25:29", "end": "00:25:31", "text": "crazy. Most most companies have like one"}, {"start": "00:25:31", "end": "00:25:33", "text": "or two people come after them, one or"}, {"start": "00:25:33", "end": "00:25:36", "text": "two government agencies. They had five,"}, {"start": "00:25:36", "end": "00:25:38", "text": "you know, no fraud, no nothing, but"}, {"start": "00:25:38", "end": "00:25:42", "text": "five. So, um, but Binance still has uh,"}, {"start": "00:25:42", "end": "00:25:44", "text": "you know, like a monitorship in place."}, {"start": "00:25:44", "end": "00:25:48", "text": "So the Treasury has a monitor there"}, {"start": "00:25:48", "end": "00:25:50", "text": "through Fininsen uh to make sure that"}, {"start": "00:25:50", "end": "00:25:52", "text": "they comply with US laws even though"}, {"start": "00:25:52", "end": "00:25:54", "text": "they've been banished from the US and"}, {"start": "00:25:54", "end": "00:25:56", "text": "they have no US customers and so they"}, {"start": "00:25:56", "end": "00:25:57", "text": "really shouldn't have to comply with US"}, {"start": "00:25:57", "end": "00:26:00", "text": "law but they have a monitor there still"}, {"start": "00:26:00", "end": "00:26:02", "text": "to make sure that they comply with US"}, {"start": "00:26:02", "end": "00:26:06", "text": "law. Um, and I think, you know,"}, {"start": "00:26:06", "end": "00:26:09", "text": "everybody is is um relieved and glad"}, {"start": "00:26:09", "end": "00:26:11", "text": "that that that CZ has, you know, his"}, {"start": "00:26:11", "end": "00:26:14", "text": "name has been kind of cleared of this."}, {"start": "00:26:14", "end": "00:26:17", "text": "But, uh, you know, there's there's still"}, {"start": "00:26:17", "end": "00:26:21", "text": "a lot of damage that was kind of done to"}, {"start": "00:26:21", "end": "00:26:25", "text": "um to Binance and to CZ both. Uh, but I"}, {"start": "00:26:25", "end": "00:26:28", "text": "think kind of the real that it is very"}, {"start": "00:26:28", "end": "00:26:29", "text": "hard there. I don't want to say the real"}, {"start": "00:26:29", "end": "00:26:31", "text": "loser, but a big loser in this is the"}, {"start": "00:26:31", "end": "00:26:35", "text": "US, right? So, Binance still isn't here."}, {"start": "00:26:35", "end": "00:26:37", "text": "And so, we don't have the the liquidity"}, {"start": "00:26:37", "end": "00:26:39", "text": "of the the biggest crypto exchange in"}, {"start": "00:26:39", "end": "00:26:42", "text": "the world isn't here. Um, and what is"}, {"start": "00:26:42", "end": "00:26:45", "text": "what does that mean? It means that one"}, {"start": "00:26:45", "end": "00:26:47", "text": "like you need you need a lot of"}, {"start": "00:26:47", "end": "00:26:48", "text": "liquidity. You need deep liquidity as"}, {"start": "00:26:48", "end": "00:26:50", "text": "your markets grow. And to grow to to be"}, {"start": "00:26:50", "end": "00:26:52", "text": "the biggest market, you need the most"}, {"start": "00:26:52", "end": "00:26:57", "text": "liquidity. Um, also users um who want"}, {"start": "00:26:57", "end": "00:26:59", "text": "choice. they want to have uh you know"}, {"start": "00:26:59", "end": "00:27:01", "text": "different choices among different types"}, {"start": "00:27:01", "end": "00:27:04", "text": "of tokens or um different types of"}, {"start": "00:27:04", "end": "00:27:06", "text": "projects that they want to be a part of"}, {"start": "00:27:06", "end": "00:27:08", "text": "and the projects that want to launch you"}, {"start": "00:27:08", "end": "00:27:09", "text": "want to launch on the largest exchange"}, {"start": "00:27:09", "end": "00:27:12", "text": "and that's not here so you still have"}, {"start": "00:27:12", "end": "00:27:14", "text": "people who want to launch outside the US"}, {"start": "00:27:14", "end": "00:27:17", "text": "so that they can launch on Binance um"}, {"start": "00:27:17", "end": "00:27:19", "text": "and then competition that makes us"}, {"start": "00:27:19", "end": "00:27:22", "text": "stronger and that makes our um all of"}, {"start": "00:27:22", "end": "00:27:24", "text": "our market players stronger to compete"}, {"start": "00:27:24", "end": "00:27:25", "text": "globally"}, {"start": "00:27:25", "end": "00:27:27", "text": "makes sense to me Uh Teresa, I"}, {"start": "00:27:27", "end": "00:27:28", "text": "appreciate you coming on here. I know"}, {"start": "00:27:28", "end": "00:27:31", "text": "you didn't have to do this. Um you you"}, {"start": "00:27:31", "end": "00:27:33", "text": "uh not only came on, but were willing to"}, {"start": "00:27:33", "end": "00:27:34", "text": "talk about anything and answer hard"}, {"start": "00:27:34", "end": "00:27:36", "text": "questions, and I think a lot of people"}, {"start": "00:27:36", "end": "00:27:37", "text": "in your position would frankly uh run"}, {"start": "00:27:37", "end": "00:27:39", "text": "and hide. They just be like, \"No, I'm"}, {"start": "00:27:39", "end": "00:27:41", "text": "good. I don't need to do this.\" And uh"}, {"start": "00:27:41", "end": "00:27:42", "text": "uh there's not much in it for you. But"}, {"start": "00:27:42", "end": "00:27:44", "text": "um I do think these are serious"}, {"start": "00:27:44", "end": "00:27:46", "text": "questions that people have and and uh um"}, {"start": "00:27:46", "end": "00:27:47", "text": "there's something about the beauty of"}, {"start": "00:27:47", "end": "00:27:50", "text": "the internet that allows individuals to"}, {"start": "00:27:50", "end": "00:27:51", "text": "just talk directly to the people and"}, {"start": "00:27:51", "end": "00:27:53", "text": "say, \"Hey, here here are the answers"}, {"start": "00:27:53", "end": "00:27:55", "text": "that people want to have.\" Um so I"}, {"start": "00:27:55", "end": "00:27:56", "text": "appreciate you taking the time to do it."}, {"start": "00:27:56", "end": "00:27:58", "text": "Where can we send people if they've got"}, {"start": "00:27:58", "end": "00:28:00", "text": "questions, want to reach out to you, um"}, {"start": "00:28:00", "end": "00:28:03", "text": "or or maybe other people need help?"}, {"start": "00:28:03", "end": "00:28:04", "text": "You are a lawyer, so where can we send"}, {"start": "00:28:04", "end": "00:28:06", "text": "people to find you on the internet?"}, {"start": "00:28:06", "end": "00:28:09", "text": "Yeah. Um well, they can always find me"}, {"start": "00:28:09", "end": "00:28:12", "text": "on the on my Twitter. So on my ex"}, {"start": "00:28:12", "end": "00:28:15", "text": "account, sorry, I still call it Twitter,"}, {"start": "00:28:15", "end": "00:28:18", "text": "you know, uh Teresa Goody. I post uh all"}, {"start": "00:28:18", "end": "00:28:20", "text": "my thought pieces there and everything,"}, {"start": "00:28:20", "end": "00:28:20", "text": "too."}, {"start": "00:28:20", "end": "00:28:22", "text": "Amazing. All right. Well, thank you so"}, {"start": "00:28:22", "end": "00:28:23", "text": "much for taking the time to do this. I"}, {"start": "00:28:23", "end": "00:28:24", "text": "learned something today. Hopefully"}, {"start": "00:28:24", "end": "00:28:25", "text": "everybody else did. and we'll do it"}, {"start": "00:28:25", "end": "00:28:27", "text": "again future."}, {"start": "00:28:27", "end": "00:28:30", "text": "Thank you so much."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "You know, it's not been great that the ETF inflows have turned a little bit negative. You know, it's not great that the treasury companies have not been"}, {"start": "00:00:06", "end": "00:00:12", "text": "able to buy as much as people had anticipated. Even though Sailor has been doing heroic things, coming up with new"}, {"start": "00:00:12", "end": "00:00:18", "text": "preferred structures, as has strived to permit the opportunity to have more digital credit in the space. Um, but in"}, {"start": "00:00:18", "end": "00:00:24", "text": "the end, like we probably still do need more of that flow to come in to offset what otherwise is coming to be some"}, {"start": "00:00:24", "end": "00:00:31", "text": "persistent supply. Do you have a view as to fouryear cycle tops?"}, {"start": "00:00:31", "end": "00:00:38", "text": "What's going on, guys? Today we got a great episode with Jeff Park. Jeff is a partner and chief investment officer at Procap BTC. And in this conversation, we"}, {"start": "00:00:38", "end": "00:00:45", "text": "talk about Bitcoin. Why is it going sideways? Should you be worried? On top of that, we get into the 50-year mortgage, the tariff dividend checks,"}, {"start": "00:00:45", "end": "00:00:51", "text": "what's going on with the government being the last lender of resort to the AI data centers, and then we even get"}, {"start": "00:00:51", "end": "00:00:57", "text": "into some things around Square's recent launch of Bitcoin payments, what's going on with stable coins, and of course, got"}, {"start": "00:00:57", "end": "00:01:03", "text": "to finish it up and let you know, are we bullish or bearish. Here's my latest conversation with Jeff Bark. All right, Jeff, it seems like Bitcoin is trading"}, {"start": "00:01:03", "end": "00:01:11", "text": "in this like range. It's going from 100K to like 115 and back just back and forth, back and forth. Um, is 100K like"}, {"start": "00:01:11", "end": "00:01:17", "text": "this new base and there's consolidation and we should kind of think of this as a a negative thing where we can't break"}, {"start": "00:01:17", "end": "00:01:23", "text": "out to the upside or actually is this a really positive thing because there seems to be this like persistent bid of"}, {"start": "00:01:23", "end": "00:01:29", "text": "institutions and large capital pools who are just saying like we want to buy anything below 100k you know we're we're"}, {"start": "00:01:29", "end": "00:01:34", "text": "buyers of Bitcoin there the demand and the put if you will as you've described"}, {"start": "00:01:34", "end": "00:01:41", "text": "it is definitely there so that's something we should take some relief in nonetheless it has been discourage ouraging that we've had many peaks to"}, {"start": "00:01:41", "end": "00:01:47", "text": "troughs draw down this year over a mainstream cycle that otherwise we should expect. I think there's like eight different counts of draw downs at"}, {"start": "00:01:47", "end": "00:01:54", "text": "this point for we can't expand outside of like a 20% range and bitcoin as we know needs a little bit of volatility to"}, {"start": "00:01:54", "end": "00:01:59", "text": "make breakout moves. So the question is why is there selling pressure at any"}, {"start": "00:01:59", "end": "00:02:05", "text": "given time and uh you know one of the metrics that I think is really interesting uh and glass node does a"}, {"start": "00:02:05", "end": "00:02:13", "text": "really great job presenting it is this metric called short-term holder realized profit to loss ratio and that metric"}, {"start": "00:02:13", "end": "00:02:18", "text": "actually hit 2 earlier this week. What that means is that 80% of those who have"}, {"start": "00:02:18", "end": "00:02:24", "text": "been acquiring Bitcoin recently are underwater and they're the ones that are selling. So this is not the same"}, {"start": "00:02:24", "end": "00:02:30", "text": "narrative of the giant whales that have been sleeping for 15 years and coming to"}, {"start": "00:02:30", "end": "00:02:36", "text": "market and selling, you know, thousands of bitcoins at a time. We're continuing to see that kick in. But there is a"}, {"start": "00:02:36", "end": "00:02:42", "text": "little bit of capitulation, if you will, with short-term investors who came in as well. Um, that I think is healthy"}, {"start": "00:02:42", "end": "00:02:49", "text": "because those are generally the same people who come back to buy when there's momentum of a breakout. So that money"}, {"start": "00:02:49", "end": "00:02:56", "text": "can actually be more of an accelerate in the future. Um but nonetheless there is definitely some kind of supply that"}, {"start": "00:02:56", "end": "00:03:01", "text": "seems to be everpresent between this 110 115k range and anytime you go near there"}, {"start": "00:03:01", "end": "00:03:07", "text": "there is some downward pressure. Uh and that's why I think everyone is so focused on the 100k because when you"}, {"start": "00:03:07", "end": "00:03:14", "text": "look at the range of where like the back bids would be that it starts to thin out a little bit where we can imagine we're"}, {"start": "00:03:14", "end": "00:03:21", "text": "going to start testing 95 and and ranges that otherwise we would be disappointed to see at this point of the cycle. Um"}, {"start": "00:03:21", "end": "00:03:27", "text": "but you know it's not been great that the ETF inflows have turned a little bit negative. You know it's not great that the treasury companies have not been"}, {"start": "00:03:27", "end": "00:03:33", "text": "able to buy as much as people had anticipated even though Sailor has been doing heroic things coming up with new"}, {"start": "00:03:33", "end": "00:03:40", "text": "preferred structures as has strived to permit the opportunity have more digital credit in the space. Um but in the end"}, {"start": "00:03:40", "end": "00:03:46", "text": "like we probably still do need more of that flow to come in to offset what otherwise is coming to be some"}, {"start": "00:03:46", "end": "00:03:53", "text": "persistent supply. Do you have a view as to fouryear cycle tops extension of bull"}, {"start": "00:03:53", "end": "00:04:00", "text": "markets volatility like what what's kind of maybe your current uh weekly check-in on you know what what is transpiring"}, {"start": "00:04:00", "end": "00:04:05", "text": "you know I think sometimes like maybe what we're living through now is a pull forward of what might have been the"}, {"start": "00:04:05", "end": "00:04:12", "text": "four-year cycle in 2026 like are we now digesting what otherwise could have been a challenging environment preemptively"}, {"start": "00:04:12", "end": "00:04:17", "text": "to have a great run come 2026 and the reason is because so much of I think"}, {"start": "00:04:17", "end": "00:04:23", "text": "what we're going to see for Bitcoin going forward will be in sync with institutional capital uh because it has"}, {"start": "00:04:23", "end": "00:04:29", "text": "now entered the mainstream era where the flows we're talking about the next level of capital flows is really coming from"}, {"start": "00:04:29", "end": "00:04:36", "text": "that channel and those investors are much more in sync with like global macro credit cycles than they are with like"}, {"start": "00:04:36", "end": "00:04:43", "text": "you know the block itself and experiencing the happenings they they don't really care about that and so I do"}, {"start": "00:04:43", "end": "00:04:49", "text": "think genuinely the four-year cycle is broken but it doesn't mean we're not not going to have cycles. It's just the"}, {"start": "00:04:49", "end": "00:04:55", "text": "cycles probably correlate more to what people think of as risk on and risk off assets. And Bitcoin has this unique"}, {"start": "00:04:55", "end": "00:05:00", "text": "property where it can be both. You know, this I this week the other thing that's giving me a lot of confidence is we are"}, {"start": "00:05:00", "end": "00:05:07", "text": "hitting higher highs hopefully with the uh equities market like it's so close to surpassing 6,900 again for S&P and gold"}, {"start": "00:05:07", "end": "00:05:16", "text": "too. Hey, it's been on a bit of a climb and I think it's going to hit 420 pretty soon there again 4200. And so if those"}, {"start": "00:05:16", "end": "00:05:22", "text": "things hit both risk on it and risk off where people are just wanting to find a way to save capital that is kind of I"}, {"start": "00:05:22", "end": "00:05:28", "text": "think the bat signal if you will for Bitcoin to perform. Now what's interesting is Bitcoin is supposed to be"}, {"start": "00:05:28", "end": "00:05:33", "text": "a solution to uh this degradation of purchasing power the printing of money"}, {"start": "00:05:33", "end": "00:05:39", "text": "uh national debt exploding etc. Uh a big thing that people point to as to the pain from all of that is home"}, {"start": "00:05:39", "end": "00:05:45", "text": "affordability. Uh people can't afford homes and that's a big problem. Uh rather than simply say Bitcoin is the"}, {"start": "00:05:45", "end": "00:05:50", "text": "solution to everything, which is the solution to a lot of things, not everything, but a lot of things, we now"}, {"start": "00:05:50", "end": "00:05:55", "text": "have a proposal for a 50-year mortgage. And I've seen a lot of different takes. I've seen people who love it. I've seen"}, {"start": "00:05:55", "end": "00:06:01", "text": "people who hate it. I've seen people who said, \"If you don't want it, don't get it.\" Right? How do you evaluate like"}, {"start": "00:06:01", "end": "00:06:07", "text": "maybe why a 50-year mortgage idea is being floated and then is it a good idea or not? Yes. So, before we come to"}, {"start": "00:06:07", "end": "00:06:12", "text": "judgment, let's discuss what are the facts. Um spoken like a lawyer. Love it."}, {"start": "00:06:12", "end": "00:06:18", "text": "Well, we got to get the numbers in, right? I like to be at least empirical as we can talk about some of these things. The first is UBS put out a great"}, {"start": "00:06:18", "end": "00:06:25", "text": "study which they have shown now that for an average mortgage size, most Americans would benefit by roughly cutting their"}, {"start": "00:06:25", "end": "00:06:31", "text": "payment monthly about $100 by extending it from 30 to 50 years, $100 a month."}, {"start": "00:06:31", "end": "00:06:36", "text": "But in return of that, the interest would now double in total for the acral for the rest of the loan's duration. So"}, {"start": "00:06:36", "end": "00:06:42", "text": "the question is, is the $100 a month actually meaningful enough to double the total interest expenditure expect of"}, {"start": "00:06:42", "end": "00:06:48", "text": "this loan? The second um number I would uh point to is the average home buyer in"}, {"start": "00:06:48", "end": "00:06:54", "text": "this country is now 59 years old. That's the average home buyer and the"}, {"start": "00:06:54", "end": "00:07:00", "text": "average first-time home buyer is about 40 years old. That means that average home buyers that"}, {"start": "00:07:00", "end": "00:07:07", "text": "are being first- timerrs are decreasing which is the third number I would like to bring to point which is 20%. 20% of"}, {"start": "00:07:07", "end": "00:07:12", "text": "all home purchases these today is first-time home buyers. Meaning 80% are"}, {"start": "00:07:12", "end": "00:07:18", "text": "not first-time home buyers. They're second home buyers, third home buyers, fourth home buyers, whatever they're doing. But the reason they're buying"}, {"start": "00:07:18", "end": "00:07:25", "text": "multiple homes is no doubt because they are looking at it as an investment property in conjunction to the utility of it being a dwelling. Right? And so"}, {"start": "00:07:25", "end": "00:07:30", "text": "that's the fundamental question at play here. What is the role of a home? Who"}, {"start": "00:07:30", "end": "00:07:37", "text": "deserves the right to have home ownership? Uh and should there be some preferential treatment across generations for the utility of a home"}, {"start": "00:07:37", "end": "00:07:43", "text": "that is beyond investment speculation but also because it is related to the growth and productivity that the person"}, {"start": "00:07:43", "end": "00:07:49", "text": "is contributing to by being a homeowner. Uh and so the idea of extending it from"}, {"start": "00:07:49", "end": "00:07:55", "text": "30-year to 50-year is in my opinion probably one of the worst political move"}, {"start": "00:07:55", "end": "00:08:02", "text": "you can make to uh anger both the left and the right. And it's predominantly because you're going to find most of the"}, {"start": "00:08:02", "end": "00:08:08", "text": "young people very unhappy. You have to imagine the young people are already so"}, {"start": "00:08:08", "end": "00:08:13", "text": "disadvantaged. They graduate from college with so much student debt that they already feel like they're not"}, {"start": "00:08:13", "end": "00:08:18", "text": "earning enough opportunities to pay off that debt. No less the idea that then you're going to be a first-time home"}, {"start": "00:08:18", "end": "00:08:23", "text": "buyer when you're 40 years old to pay off your home when you're 90 years old"}, {"start": "00:08:23", "end": "00:08:28", "text": "when the average mortality in this country is 70. I mean, that's basically saying you're not going to pay your home"}, {"start": "00:08:28", "end": "00:08:34", "text": "until you die. And then you'll hear some boomers say that's fine because actually the home will just get passed on to"}, {"start": "00:08:34", "end": "00:08:40", "text": "their children. No, they're not. These people are not having kids. If you're in debt for the rest of your life to your"}, {"start": "00:08:40", "end": "00:08:45", "text": "90, what on earth would you think the benefit would be for you to have a child so you can then throw their your own"}, {"start": "00:08:45", "end": "00:08:52", "text": "debt to the next generation? Right? These are pretty evil things that are being discussed at some level. And so I"}, {"start": "00:08:52", "end": "00:08:58", "text": "think that the the appropriate question is like one as Americans, do we want"}, {"start": "00:08:58", "end": "00:09:03", "text": "home price to always go up? And do we want home price nonetheless to"}, {"start": "00:09:03", "end": "00:09:10", "text": "be anchored with some economic productivity that isn't just investment speculation? And should we change"}, {"start": "00:09:10", "end": "00:09:17", "text": "something about it beyond just kind of the financing element of it, but like a social element to bring home prices back"}, {"start": "00:09:17", "end": "00:09:24", "text": "to a level where we all believe is actually the right um solution both marketbased but also like social uh"}, {"start": "00:09:24", "end": "00:09:30", "text": "needs-based. Mhm. Now, you had this great tweet explaining some of the other systems in"}, {"start": "00:09:30", "end": "00:09:37", "text": "the world, specifically in Asia, how um I think one of the systems, uh you can't buy a home in an area you're not from."}, {"start": "00:09:37", "end": "00:09:43", "text": "Thought that was very interesting. Another was basically like, uh your your family's roots determine home like just"}, {"start": "00:09:43", "end": "00:09:49", "text": "explain some of these other models maybe that people have. And I don't know that you were necessarily condoning or or you"}, {"start": "00:09:49", "end": "00:09:55", "text": "know kind of um advocating for one of these but I don't think at least from my ignorant western mind right that I fully"}, {"start": "00:09:55", "end": "00:10:00", "text": "understood maybe some of these other systems. Yeah. No it's a great question and I love talking about this because"}, {"start": "00:10:00", "end": "00:10:08", "text": "home model across the world is so varied and it usually starts with the concept of land itself. So here in the US, the"}, {"start": "00:10:08", "end": "00:10:13", "text": "idea of owning deeds to land is pretty much taken for granted. But if you go"}, {"start": "00:10:13", "end": "00:10:19", "text": "even to like the UK, right, actually most homes you even buy in London, the land itself is not what you buy. You buy"}, {"start": "00:10:19", "end": "00:10:25", "text": "the property on the land with a very long-term lease to which the government or in many case the monarchy can"}, {"start": "00:10:25", "end": "00:10:31", "text": "actually take back the land, right? And so this bifurcation of land as an asset and then the property on top of the"}, {"start": "00:10:31", "end": "00:10:37", "text": "asset in itself is in many countries uh detached. In the US they tend to be a"}, {"start": "00:10:37", "end": "00:10:42", "text": "little bit more unified which makes American um capitalism a little bit more distinct than others. And look the"}, {"start": "00:10:42", "end": "00:10:48", "text": "reason I brought Asian countries uh as proxies is because Asians love"}, {"start": "00:10:48", "end": "00:10:53", "text": "speculating on real estate, right? I mean that's why I brought it. It's not because I endorse China. It's not"}, {"start": "00:10:53", "end": "00:11:00", "text": "because I endorse their policies or Singapore, but because these are probably the most um kind of investment"}, {"start": "00:11:00", "end": "00:11:06", "text": "into real estate loving groups of people you'll find on Earth. And the reason is simple, too. Like, it's because for all"}, {"start": "00:11:06", "end": "00:11:11", "text": "the wealth creation the Chinese have had, there's no way to put that money to work, right? I mean, like their stock"}, {"start": "00:11:11", "end": "00:11:16", "text": "market's crap. It's not as good as ours. And so, they just need something that can store value. And real estate is the"}, {"start": "00:11:16", "end": "00:11:22", "text": "first thing they can latch on to. Uh, and so they want to invest in it. So"}, {"start": "00:11:22", "end": "00:11:27", "text": "because he's so problematic in the east, they've taken on a little bit more of an"}, {"start": "00:11:27", "end": "00:11:33", "text": "authoritarian policy in some sense to be able to control for the flow of capital."}, {"start": "00:11:33", "end": "00:11:38", "text": "In China's case, for example, they have a welfare system called hookah. And this"}, {"start": "00:11:38", "end": "00:11:43", "text": "welfare system is really unknown to Americans and they might even think it's"}, {"start": "00:11:43", "end": "00:11:49", "text": "a little bit strange. But I think uh in some sense it makes sense for some aspects of it uh to be maybe even"}, {"start": "00:11:49", "end": "00:11:58", "text": "practiced here in the US which is which is the idea that like in China if you're born in a certain um city the social"}, {"start": "00:11:58", "end": "00:12:06", "text": "benefits that come with being a citizen such as you know health care or home ownership or um whatever that you might"}, {"start": "00:12:06", "end": "00:12:13", "text": "need is localized to where you're born. And that means if you move for labor"}, {"start": "00:12:13", "end": "00:12:19", "text": "reasons to a different city, those benefits don't necessarily translate with you. So you then do become like a"}, {"start": "00:12:19", "end": "00:12:25", "text": "secondass citizen as a like a almost like a migrant laborer from the countryside to the city side even"}, {"start": "00:12:25", "end": "00:12:31", "text": "internationally like within China. And there's a little bit of like a discriminatory system there. But the reason I think they do this is because"}, {"start": "00:12:31", "end": "00:12:39", "text": "they ultimately want to entice some sense of cultural awareness of their home towns and like incentivize people"}, {"start": "00:12:39", "end": "00:12:44", "text": "to also like invest in their hometown and like separate capital movement with"}, {"start": "00:12:44", "end": "00:12:52", "text": "labor movement uh as much as possible. So you can imagine in scenarios in the US like part of what I think um most"}, {"start": "00:12:52", "end": "00:12:57", "text": "economists are even aware but they won't admittedly refuse is that like labor"}, {"start": "00:12:57", "end": "00:13:02", "text": "mobility isn't everything right because we talk about like oh capitalism works because free movement of labor means"}, {"start": "00:13:02", "end": "00:13:08", "text": "there's perfect price for opportunities for the individuals. Well guess what it's generally only the wealthy that"}, {"start": "00:13:08", "end": "00:13:13", "text": "move around a bunch and they usually move around because they're trying to not pay taxes. You never hear about the"}, {"start": "00:13:13", "end": "00:13:19", "text": "like lower class having any labor mobility. they're actually stuck in many cases. And so this is actually kind of a"}, {"start": "00:13:19", "end": "00:13:26", "text": "problem. Imagine on top of that in a postcoid world where so much work can be done remotely that geographical"}, {"start": "00:13:26", "end": "00:13:31", "text": "arbitrage becomes even more extreme uh and pretty specific to the conditions of"}, {"start": "00:13:31", "end": "00:13:36", "text": "the times we're in. So I think that aspect of it uh is is really changing a lot of the ways people should think"}, {"start": "00:13:36", "end": "00:13:43", "text": "about like labor and uh and capital movement across borders. And that's ultimately what home ownership is,"}, {"start": "00:13:43", "end": "00:13:49", "text": "right? like you have to live hopefully where you work. Unless we're going to break that social contract and you don't have to do that, then there are some"}, {"start": "00:13:49", "end": "00:13:54", "text": "policies which you have to support your local workers for. Today's episode is brought to you by Simple Mining. Have"}, {"start": "00:13:54", "end": "00:14:01", "text": "you ever been interested in mining Bitcoin? As a minor myself, I've been using Simple Mining for the past few months, and the experience has been"}, {"start": "00:14:01", "end": "00:14:07", "text": "nothing short of seamless. I mine with the pool of my choice, and the Bitcoin is sent directly to my wallet. 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That's simple mining.io/p to get started today. With Simple"}, {"start": "00:15:15", "end": "00:15:20", "text": "Mining, they make it simple. Today's episode is brought to you by easybitcoin.app."}, {"start": "00:15:20", "end": "00:15:25", "text": "They offer a simple, rewarding Bitcoin investment experience. With Easy Bitcoin, every recurring buy"}, {"start": "00:15:25", "end": "00:15:31", "text": "automatically earns you 1% extra in Bitcoin. And the stats don't stop there. Hold your stack in the app and you'll"}, {"start": "00:15:31", "end": "00:15:37", "text": "collect a 2% annual reward, plus 4.5% APY on any US dollars you park in the"}, {"start": "00:15:37", "end": "00:15:43", "text": "USD interest account. You can even opt in to have your interest autoconverted to Bitcoin. It's a simple set it and"}, {"start": "00:15:43", "end": "00:15:49", "text": "forget it way to grow your Bitcoin. Easy Bitcoin is live right now on iOS and Android. Hit pause, click the link in"}, {"start": "00:15:49", "end": "00:15:54", "text": "the description, download the app, and start earning while your Bitcoin stash grows. Your capital is at risk. Crypto"}, {"start": "00:15:54", "end": "00:16:00", "text": "markets are highly volatile and this content isformational and not financial advice. Now, as we are watching this"}, {"start": "00:16:00", "end": "00:16:06", "text": "kind of play out here in the United States, I think that whether it's a 50-year mortgage, just building more housing, one of the data points I saw"}, {"start": "00:16:06", "end": "00:16:12", "text": "that was fascinating is building luxury apartments actually drives down the cost"}, {"start": "00:16:12", "end": "00:16:18", "text": "of affordable apartments. So, it's a little counterintuitive, right? People think that you need to build more"}, {"start": "00:16:18", "end": "00:16:24", "text": "low-income housing or more affordable housing. You always hear people talking about that. Um but it's not just doing"}, {"start": "00:16:24", "end": "00:16:30", "text": "that. It is actually if you just build more housing including a luxury apartments, you essentially provide"}, {"start": "00:16:30", "end": "00:16:35", "text": "relief. So now some portion of the population says, \"Oh, there's more apartments. Let me go and take a luxury"}, {"start": "00:16:35", "end": "00:16:40", "text": "apartment.\" And that frees up the affordable housing for other people and pushes down kind of the price. That was"}, {"start": "00:16:40", "end": "00:16:46", "text": "fascinating that you just have to build more housing. Yes."}, {"start": "00:16:46", "end": "00:16:52", "text": "It really is that simple. Yeah. And also, you know, one thing the US, I think, is doing a better job now than it historically had done before is"}, {"start": "00:16:52", "end": "00:16:58", "text": "you do want to discriminate a little bit between foreign investors and domestic investors. And the US is not like"}, {"start": "00:16:58", "end": "00:17:04", "text": "draconian about this the way Asian countries are, where there's like specific limitations. If you're foreigners, you can't buy, but clearly"}, {"start": "00:17:04", "end": "00:17:11", "text": "they're building certain uh products in the New York real estate market that is meant to be owned by foreign investors"}, {"start": "00:17:11", "end": "00:17:17", "text": "at price points for which they're definitely at a premium to then provide some subsidy effect. otherwise that"}, {"start": "00:17:17", "end": "00:17:23", "text": "would come through the city for other kinds of housing. That being said, it's not perfect and"}, {"start": "00:17:23", "end": "00:17:29", "text": "there are still some things that I think is like fairly nefarious in that public private partnership construct which is"}, {"start": "00:17:29", "end": "00:17:34", "text": "like have you have you have you heard the poor door here in New York? No. What's that"}, {"start": "00:17:34", "end": "00:17:40", "text": "man? So, the poor door is a throwback in time, but there used to be some tax"}, {"start": "00:17:40", "end": "00:17:46", "text": "concessions for certain property developers that if you're building subsidized units"}, {"start": "00:17:46", "end": "00:17:52", "text": "within the same luxury condominiums, you can actually um"}, {"start": "00:17:52", "end": "00:18:00", "text": "get like a better get better tax deals for basically the condo owners. And the way then you have"}, {"start": "00:18:00", "end": "00:18:05", "text": "to do that is you have to let the public um housing folks or the lower income"}, {"start": "00:18:05", "end": "00:18:11", "text": "housing folks live in the same condo as those who are willing to pay the market price which you could imagine most people who pay market price in New York"}, {"start": "00:18:11", "end": "00:18:16", "text": "doesn't want to do that right so they created what is called the poor door and so every now and then you'll see these"}, {"start": "00:18:16", "end": "00:18:22", "text": "condos where there's this main entrance which is what most people use and then you see like other people use a side"}, {"start": "00:18:22", "end": "00:18:28", "text": "door like on a different corner of that building and it's actually an entrance to the"}, {"start": "00:18:28", "end": "00:18:33", "text": "exact same building. So, they're in the same building, but maybe they're going to different floors and those floors"}, {"start": "00:18:33", "end": "00:18:40", "text": "basically you just never see if you're in the primary residence of a different complex. They're they're also not allowed to like use the same amenities."}, {"start": "00:18:40", "end": "00:18:46", "text": "So, then they can't use the gym, they can't use the pool or whatever that is in the condos, but they're all living together."}, {"start": "00:18:46", "end": "00:18:53", "text": "I think it's so weird and bizarre that this is a thing that we decided is okay. Like imagine you're a family who happens"}, {"start": "00:18:53", "end": "00:18:58", "text": "to live in the subsidized units and you have to tell your children, \"Oh, you can't go through the main entrance where"}, {"start": "00:18:58", "end": "00:19:04", "text": "other people are going through. You have to go through this door cuz our units is subsidized. And by the way, we can't use"}, {"start": "00:19:04", "end": "00:19:10", "text": "the gym that like other kids are using in the same building.\" I mean, nothing makes me more angry than the concept of"}, {"start": "00:19:10", "end": "00:19:15", "text": "even developers thinking this was like a legitimate outcome to taking advantage of a tax subsidy. And yet,"}, {"start": "00:19:15", "end": "00:19:21", "text": "you see some of these buildings that have what now is just called the poor door. And uh it's a little heartbreaking"}, {"start": "00:19:21", "end": "00:19:28", "text": "to me. Well, you put the incentive there, people are going to capitalize on it, right? Like it's kind of this weird dynamic of, you know, you can get mad at"}, {"start": "00:19:28", "end": "00:19:34", "text": "the developer, but in a weird way, it's like don't put the incentive there. And so it's uh you know, the the road to hell is paved with great intentions."}, {"start": "00:19:34", "end": "00:19:41", "text": "Kind of a perfect example. And and and to the benefit of those who are living there in the substate unit, it's a great experience, right? They're living in a luxury condominium, paying"}, {"start": "00:19:41", "end": "00:19:46", "text": "below market rent, and they won the lottery, too. They're very happy to be there because it is offm market. But"}, {"start": "00:19:46", "end": "00:19:53", "text": "it's just this idea of like is this society okay? Like are we okay with creating these like bifurcated two-level"}, {"start": "00:19:53", "end": "00:19:58", "text": "markets, right? I think even the way we talk about the K-shaped economy all the time like is literally living in this"}, {"start": "00:19:58", "end": "00:20:04", "text": "corridor building. Mhm. Now if we go and we take a look at"}, {"start": "00:20:04", "end": "00:20:09", "text": "uh another thing that has been suggested as a potential solution is why don't we just give people money like you know uh"}, {"start": "00:20:09", "end": "00:20:14", "text": "socialism is uh now the the uh all the rage in New York City. Um, Washington"}, {"start": "00:20:14", "end": "00:20:20", "text": "DC, let's give out $2,000 stimulus checks. Uh, we'll call them tariff dividends. Uh, last time this happened,"}, {"start": "00:20:20", "end": "00:20:25", "text": "stocks went up, Bitcoin went up. I mean, it was freaking bazooka. This is amazing for asset owners."}, {"start": "00:20:25", "end": "00:20:32", "text": "It was not so good for the bottom 50% who didn't own assets. Very high inflation, lots of problems there. Um, I"}, {"start": "00:20:32", "end": "00:20:40", "text": "don't know if they're actually going to do this, but just the insinuation, the announcement, the potential, everyone I"}, {"start": "00:20:40", "end": "00:20:46", "text": "I felt like, uh, everyone had come in from the wild. They had, you know, stored their horses away, taking off"}, {"start": "00:20:46", "end": "00:20:52", "text": "their cowboy hats. They were getting ready to sit down, take a nap, and all of a sudden, $2,000 stimulus check. You"}, {"start": "00:20:52", "end": "00:20:58", "text": "say, \"So putting the cowboy hats on, get the horses, like, let's ride again, right?\" Oh my gosh. This reminds me uh when I"}, {"start": "00:20:58", "end": "00:21:04", "text": "was in high school, I think it was like my sophomore year, I thought about running for like class office, right? Uh"}, {"start": "00:21:04", "end": "00:21:09", "text": "and you know, when you're in high school, you have to run a campaign, too, and you got to promise stuff. And usually the kids are promising different"}, {"start": "00:21:09", "end": "00:21:17", "text": "extracurriculars or a homecoming is going to be a little different this way, blah blah. Um but there was always this open question like, can you like give"}, {"start": "00:21:17", "end": "00:21:23", "text": "them stuff like can you give like I don't know iPods to your friends to be like, vote for me. Uh and of course the"}, {"start": "00:21:23", "end": "00:21:28", "text": "schools would say no, you absolutely cannot provide like monetary value"}, {"start": "00:21:28", "end": "00:21:36", "text": "because that's called a bribe. And to see this unfold in the national stage of our elections now as if this is"}, {"start": "00:21:36", "end": "00:21:42", "text": "a totally normal thing is incredible, right? Cuz that $2,000 refund, if you"}, {"start": "00:21:42", "end": "00:21:48", "text": "will, is definitely an economic motivation for votes. And that is a backdoor channel to what otherwise"}, {"start": "00:21:48", "end": "00:21:54", "text": "people will call bribes. And I think all of this roots back ultimately to one of the most significant Supreme Court cases"}, {"start": "00:21:54", "end": "00:22:01", "text": "that still has not yet been overturned, which is Citizens versus United when the line between public interests and the"}, {"start": "00:22:01", "end": "00:22:08", "text": "role of capital in influencing political outcomes that may be divergent from public interests has been unleashed. I"}, {"start": "00:22:08", "end": "00:22:13", "text": "think to solve at the core the chaotic outcomes of public and private money"}, {"start": "00:22:13", "end": "00:22:20", "text": "that is not aligning is we have to revisit um citizens versus united and that's probably where it starts and then"}, {"start": "00:22:20", "end": "00:22:27", "text": "only then can we like heal as a country morally to really think about the role of like money in the ways that"}, {"start": "00:22:27", "end": "00:22:34", "text": "intersects with like public governance in in the in the actual office. Now,"}, {"start": "00:22:34", "end": "00:22:41", "text": "another area where we see uh government wanting to dangle its little fingers is uh potentially backstopping all these AI"}, {"start": "00:22:41", "end": "00:22:47", "text": "lending deals. Um there's some controversy as to whether they actually got asked to backs stop or not. Um"}, {"start": "00:22:47", "end": "00:22:53", "text": "yeah, they said yes. Uh then OpenAI kind of pulled back a little bit, said no, we didn't say that. And then I saw a"}, {"start": "00:22:53", "end": "00:22:59", "text": "document that kind of sort of insinuated it. I don't know what's true, what's not true, but just the concept of the"}, {"start": "00:22:59", "end": "00:23:05", "text": "government backstopping, risk-taking, that seems a little uh wrenching towards"}, {"start": "00:23:05", "end": "00:23:12", "text": "a bad idea, you know, a little bit more. It's a really interesting question that deserves more opinement by society at"}, {"start": "00:23:12", "end": "00:23:18", "text": "large, which is um you know, in in in theory, great things can happen with"}, {"start": "00:23:18", "end": "00:23:23", "text": "government supporting long duration missions, right? What's really good"}, {"start": "00:23:23", "end": "00:23:29", "text": "about public capital and the way governments can support investments is that they can take multi-deade long"}, {"start": "00:23:29", "end": "00:23:36", "text": "views and not worry about immediate quarterly earnings. Right? It's kind of the reason why QE works even though all"}, {"start": "00:23:36", "end": "00:23:43", "text": "the securities on the balance sheet is marked to market at a loss today they're not selling it because they're going to wait for it to mature pull to par so"}, {"start": "00:23:43", "end": "00:23:50", "text": "they because they can right governments can take multi-deade long views. Um so in some sense if you are able to strike"}, {"start": "00:23:50", "end": "00:23:56", "text": "good public private partnership there can be valuable things the the however"}, {"start": "00:23:56", "end": "00:24:03", "text": "there can also be really bad outcomes if the incentives are aligned incorrectly and this is where I think people are"}, {"start": "00:24:03", "end": "00:24:08", "text": "trying to sniff out like what is the motivation what is the structuring uh"}, {"start": "00:24:08", "end": "00:24:14", "text": "what's the timeline in which it will materialize um and what are the moral hazards that otherwise it could create"}, {"start": "00:24:14", "end": "00:24:22", "text": "the thing that is really concerning as an outsider of AI industry for me as I observe it is the AI industry um clearly"}, {"start": "00:24:22", "end": "00:24:27", "text": "needs more compute and now the narrative is that basically we have to commoditize"}, {"start": "00:24:27", "end": "00:24:34", "text": "energy and the compute so that everyone can find it accessible as like a public utility. So what they're saying is like"}, {"start": "00:24:34", "end": "00:24:41", "text": "just like the way that like the government supported telecom investment and DARPA and like rocketry and all"}, {"start": "00:24:41", "end": "00:24:46", "text": "these things like compute is now that same utility and so the input cost has"}, {"start": "00:24:46", "end": "00:24:52", "text": "to be as cheap as possible for all the great things to come out of it and innovation that can build on top."}, {"start": "00:24:52", "end": "00:24:58", "text": "The question is what are the levels of transmission that is happening between that input of what is called utility to"}, {"start": "00:24:58", "end": "00:25:03", "text": "otherwise is service added that then becomes the the the consumerf facing"}, {"start": "00:25:03", "end": "00:25:10", "text": "product that has more leverage and pricing power. And so it's not totally obvious to me that we"}, {"start": "00:25:10", "end": "00:25:16", "text": "can make the same comparison that like you know data and compute is like electricity right because like some of"}, {"start": "00:25:16", "end": "00:25:23", "text": "the older technologies that have been supported by the government to give us scale were not nearly in my opinion as"}, {"start": "00:25:23", "end": "00:25:28", "text": "asymmetric as the way AI could be nor accelerating as much as AI could be. For"}, {"start": "00:25:28", "end": "00:25:33", "text": "instance like when electricity happened right it was great. It was definitely productivity boosting but why was it"}, {"start": "00:25:33", "end": "00:25:39", "text": "productivity boosting? First and foremost, it'll allow people to work longer hours because now you can work at"}, {"start": "00:25:39", "end": "00:25:44", "text": "night, right? But that's a pretty linear thing. Like I used to work only six hours a day. Now I can work 12. It's"}, {"start": "00:25:44", "end": "00:25:52", "text": "pretty linear, right? Um cars and things like that. Same thing. Like it used to take me, you know, 20 hours to get"}, {"start": "00:25:52", "end": "00:25:58", "text": "somewhere. Now I can go there in like 2 hours or whatever it may be. Like you're you're you're kind of linearly improving upon some of the human capacity for"}, {"start": "00:25:58", "end": "00:26:06", "text": "output. It's not very clear to me like what the um price of labor will be in"}, {"start": "00:26:06", "end": "00:26:12", "text": "the context of the price of capital when we talk about AI data centers. To me"}, {"start": "00:26:12", "end": "00:26:17", "text": "there it's a totally different tectonic shift. And we know that there is a"}, {"start": "00:26:17", "end": "00:26:23", "text": "tenuous relationship with the price of capital and the price of labor that needs to self-sufficiently provide a"}, {"start": "00:26:23", "end": "00:26:28", "text": "flywheel for society to function. And if we start going down the route where hey we're going to subsidize everything by"}, {"start": "00:26:28", "end": "00:26:35", "text": "the government for which is the very thing that is going to displace the human labor force. I mean that is not"}, {"start": "00:26:35", "end": "00:26:41", "text": "probably what the business of government is right the business of government cannot be to displace the labor force in"}, {"start": "00:26:41", "end": "00:26:47", "text": "the long run. And that I think is the million-dollar question. When we say we want a federal backs stop, is this a"}, {"start": "00:26:47", "end": "00:26:53", "text": "backs stop to what means and what is the outcome that we're trying to achieve? And without some conversation around"}, {"start": "00:26:53", "end": "00:26:59", "text": "labor retention in the ways that we can have a more robust conversation, that isn't going to be a lack of social"}, {"start": "00:26:59", "end": "00:27:05", "text": "security safety nets. I don't think that society at large is ready to backs stop something where they know that the"}, {"start": "00:27:05", "end": "00:27:11", "text": "victim is themselves. Today's episode is brought to you by Core. You can earn yield on your Bitcoin by just holding"}, {"start": "00:27:11", "end": "00:27:18", "text": "your Bitcoin. It's simple. Core, the leading Bitcoin scaling solution, will reward you for not selling your Bitcoin."}, {"start": "00:27:18", "end": "00:27:23", "text": "It's not magic. Here's how it works. 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And if you want to see what your Bitcoin is"}, {"start": "00:27:51", "end": "00:27:56", "text": "securing, join millions of others in exploring the largest Bitcoin DeFi ecosystem. There are over a 100 live"}, {"start": "00:27:56", "end": "00:28:03", "text": "apps in the network and the deepest liquidity in all of Bitcoin DeFi. Get off zero and start earning yield on even"}, {"start": "00:28:03", "end": "00:28:08", "text": "just 1% of your Bitcoin by going to stake.cordow.org/pop."}, {"start": "00:28:09", "end": "00:28:14", "text": "Again, that's stake.cordow.org. org/pmp or go click the link in the"}, {"start": "00:28:14", "end": "00:28:20", "text": "description. So, um, two things that I immediately jumped to mind. One is, uh, very"}, {"start": "00:28:20", "end": "00:28:25", "text": "clarifying question whenever the government starts talking about this stuff, what is the metric of success,"}, {"start": "00:28:25", "end": "00:28:32", "text": "right? And I don't think it would be labor market participation, right? Um, but even if you just think about like,"}, {"start": "00:28:32", "end": "00:28:38", "text": "okay, if you're going to financially do something, how do you measure the success? Is it we don't want anyone to go bankrupt?"}, {"start": "00:28:38", "end": "00:28:44", "text": "Okay, well that means you're going to save bad come like people who did bad deals, right? Which means inherently like those are the deals that should go"}, {"start": "00:28:44", "end": "00:28:50", "text": "bankrupt. So you can't really do that or that's a misallocation of funds. Um are you going to optimize for the number of"}, {"start": "00:28:50", "end": "00:28:56", "text": "data centers or maybe the efficiency of data centers or the amount of compute or packets or you know I mean you start"}, {"start": "00:28:56", "end": "00:29:03", "text": "like going through all stuff and it's like it's unclear to me what the actual right metric would be. Now, I'm not some AI expert or, you know, energy expert uh"}, {"start": "00:29:03", "end": "00:29:09", "text": "that that is um you know, claiming that I could figure out what the the government's data point should be,"}, {"start": "00:29:09", "end": "00:29:17", "text": "but it does feel like there is a um US-based capacity that as kind of an"}, {"start": "00:29:17", "end": "00:29:23", "text": "aggregate measurement, however somebody wants to to cut that, the more capacity we have, the better. And whether that"}, {"start": "00:29:23", "end": "00:29:28", "text": "comes from lots of small sites, a few big sites, um is that cut up among 20"}, {"start": "00:29:28", "end": "00:29:33", "text": "companies or three companies, you know, it almost just feels like capacity is actually the thing"}, {"start": "00:29:33", "end": "00:29:39", "text": "that we should wrap our head around. I don't know if the government being the lender of last resort actually can"}, {"start": "00:29:39", "end": "00:29:45", "text": "impact capacity because they can provide funding, but it's not clear that funding"}, {"start": "00:29:45", "end": "00:29:52", "text": "is the limiting factor there, right? like getting everything built and all that kind of stuff. If it's failing,"}, {"start": "00:29:52", "end": "00:29:59", "text": "okay, you get more money, but does that mean you actually get more capacity online? Like it it just feels like we're a little like too indirect to what the"}, {"start": "00:29:59", "end": "00:30:05", "text": "thing that we actually care about. Yeah. And it's also like not really within the genes of like American governments,"}, {"start": "00:30:05", "end": "00:30:12", "text": "right? Like we're founded upon the principles of open markets where price discovery happens naturally without"}, {"start": "00:30:12", "end": "00:30:17", "text": "there being a huge government back stop. Like it makes a little more sense when you have industrial policies in countries like China where they take"}, {"start": "00:30:17", "end": "00:30:22", "text": "like much longer views and they're willing to subsidize a lot of things for a long period of time. But culturally"}, {"start": "00:30:22", "end": "00:30:29", "text": "like we're not built off of that being the mode of operation. I'm open to the idea that we might have to change the"}, {"start": "00:30:29", "end": "00:30:34", "text": "direction to compete more aggressively to having that mindset which could be a rejuvenation of what like the role of"}, {"start": "00:30:34", "end": "00:30:41", "text": "American government could be. But historically US government has not been a great capital allocator. I would"}, {"start": "00:30:41", "end": "00:30:47", "text": "almost argue they also have not been able to sponsor national champions uh very directly in ways that they should"}, {"start": "00:30:47", "end": "00:30:53", "text": "have. One of the reasons 5G has been lost upon the US is because we lost Bell"}, {"start": "00:30:53", "end": "00:30:58", "text": "Laboratories, right? I mean we basically let it go. Uh and so in the end some of"}, {"start": "00:30:58", "end": "00:31:05", "text": "the things that just has to happen is more going to be market principles driven and capacity is one of the things"}, {"start": "00:31:05", "end": "00:31:11", "text": "where you can build a lot for but if there are people that are not going to use it then like you know it is going to"}, {"start": "00:31:11", "end": "00:31:18", "text": "have to be paid back in in a different way. Uh and there is a great question as to like you know as far as like machine"}, {"start": "00:31:18", "end": "00:31:26", "text": "learning goes how much of this thing do you actually need to do it like onshore versus"}, {"start": "00:31:26", "end": "00:31:32", "text": "offshore where the output is the thing that ultimately becomes the input to the higher value added things to build on"}, {"start": "00:31:32", "end": "00:31:38", "text": "top of too right and we don't know what that kind of look through looks like just yet either we're going to do it in space"}, {"start": "00:31:38", "end": "00:31:44", "text": "I think Basil said that right I think he did yeah like uh I've also seen Delion at uh uh Varta"}, {"start": "00:31:44", "end": "00:31:50", "text": "and Founders Fund fame. Uh he says, \"Stop talking to me about this. This is a dumb idea.\" I kind of like that. Like"}, {"start": "00:31:50", "end": "00:31:57", "text": "you got two space entrepreneurs, Jeff Bezos vers Delion. Who's going to uh who's going to be right? I don't know. I"}, {"start": "00:31:57", "end": "00:32:02", "text": "mean, it kind of makes sense. I I mean, you just don't know. You don't know. And it's not to say like not knowing means"}, {"start": "00:32:02", "end": "00:32:07", "text": "there can't be a path for action, but it's clear that this particular conversation is hitting a lot of nerve"}, {"start": "00:32:07", "end": "00:32:13", "text": "at the societal level because there's so much at risk. And really to me it's it's no different than like the constant"}, {"start": "00:32:13", "end": "00:32:19", "text": "transformation of risk that happens under the guise of like the central bank, right? So you know historically we"}, {"start": "00:32:19", "end": "00:32:24", "text": "used to think of monetary policy as this independent thing from fiscal policy. We"}, {"start": "00:32:24", "end": "00:32:29", "text": "now know they're very much married, right? It started with probably Janet Yellen when she decided to weaponize the"}, {"start": "00:32:29", "end": "00:32:34", "text": "Treasury with active Treasury issuance where she showed monetary policy can absolutely be political. So that's out"}, {"start": "00:32:34", "end": "00:32:41", "text": "of the cat. The next evolution of this conversation is does monetary policy become industrial policy or does"}, {"start": "00:32:41", "end": "00:32:46", "text": "industrial policy affect monetary policy and if you provide cheap"}, {"start": "00:32:46", "end": "00:32:51", "text": "depends who the Fed is. it but it also depends on like what you were mentioning"}, {"start": "00:32:51", "end": "00:32:57", "text": "which is like what are the national strategic goals of a country and like the way to subsidize that outcome and if"}, {"start": "00:32:57", "end": "00:33:02", "text": "we decide like power is something that has to be commoditized energy then"}, {"start": "00:33:02", "end": "00:33:07", "text": "ultimately this is a different kind of risk transformation that the central bank and other entities are permitting"}, {"start": "00:33:07", "end": "00:33:13", "text": "right if you think about QE at large they're basically doing risk transformation across two segments one"}, {"start": "00:33:13", "end": "00:33:20", "text": "is liquidity transformation right between the short end and the back end and Then if they're being more aggressive, it's a credit transformation"}, {"start": "00:33:20", "end": "00:33:26", "text": "where they're basically subsidizing or enriching different credit spread premiums based on what securities they choose to own on their balance sheet, be"}, {"start": "00:33:26", "end": "00:33:32", "text": "it MBS or ABS or whatever else, right? The third is really energy transformation, which they historically"}, {"start": "00:33:32", "end": "00:33:39", "text": "have not done because that's not part of the mandate of the construct of money. But if we start talking about capital"}, {"start": "00:33:39", "end": "00:33:44", "text": "investment for data centers, right, which then has ties to the cost of"}, {"start": "00:33:44", "end": "00:33:50", "text": "labor, it absolutely will start drawing connectivity and tissues to which monetary policy is now industrial"}, {"start": "00:33:50", "end": "00:33:56", "text": "policy. And that's what I think um Powell knows. Powell has not been shy"}, {"start": "00:33:56", "end": "00:34:02", "text": "mentioning that the most unknowable risk today is the displacement that is happening in the labor force with AI at"}, {"start": "00:34:02", "end": "00:34:10", "text": "the center where there is just no precedence for what that could mean for um rate setting policies. Um somebody"}, {"start": "00:34:10", "end": "00:34:16", "text": "who is not going to have their job taken is all these politicians. They're all going to vote on market structure bill."}, {"start": "00:34:16", "end": "00:34:22", "text": "Yeah. um once the government opens again, what's your take on the recent uh"}, {"start": "00:34:22", "end": "00:34:28", "text": "proposed market structure bill? Well, um"}, {"start": "00:34:28", "end": "00:34:35", "text": "the there's lots of I think complexity to different stakeholders still ironing"}, {"start": "00:34:35", "end": "00:34:40", "text": "out uh important conversations, but the one that I think is clear that"}, {"start": "00:34:40", "end": "00:34:47", "text": "we can speak through today is that the CFTC will own a larger domain uh over"}, {"start": "00:34:47", "end": "00:34:53", "text": "crypto than the SEC. Um, and I think that is directionally correct in my"}, {"start": "00:34:53", "end": "00:35:00", "text": "opinion because the CFTC is in the business of financial innovation at large and it's in the business of"}, {"start": "00:35:00", "end": "00:35:05", "text": "managing capital efficiency and leverage and derivatives products and to me uh"}, {"start": "00:35:05", "end": "00:35:13", "text": "the things that crypto is really building upon which is this new settlement layer that brings capital efficiency at different speed is"}, {"start": "00:35:13", "end": "00:35:21", "text": "basically what that is. uh it makes more sense to me that it would be monitored as a commodity in that format. Um,"}, {"start": "00:35:21", "end": "00:35:28", "text": "now I think it also speaks to the fact that crypto is global, right? Because the US is very much uh onshore regulator"}, {"start": "00:35:28", "end": "00:35:34", "text": "for investment securities that Americans are generally accessing. Uh, unless you're going to the different like"}, {"start": "00:35:34", "end": "00:35:40", "text": "offshore private fund model, right? So, it's it's very much like a domestic thing. Crypto is global as are"}, {"start": "00:35:40", "end": "00:35:45", "text": "commodities. So, it makes sense that the CFTC be the regulator who's able to look at the broadest section of like global"}, {"start": "00:35:45", "end": "00:35:51", "text": "commodities markets and coming up with rulemaking. Um so that's good. Uh and"}, {"start": "00:35:51", "end": "00:35:57", "text": "that clarity will allow more types of innovations to come through with DeFi protocols where historically for"}, {"start": "00:35:57", "end": "00:36:02", "text": "instance this past week um unis swap announced that they're going to turn on the fee switch. Right? This is huge."}, {"start": "00:36:02", "end": "00:36:09", "text": "It's momentous. People have been wanting this for a long period of time because unis swap is very profitable. They settled trillions of dollars and there"}, {"start": "00:36:09", "end": "00:36:16", "text": "should be a way to uh bring value acrruel to the token holders. And yet Gendler had been so adamant about tying"}, {"start": "00:36:16", "end": "00:36:23", "text": "the economics of unis swap to the token holders that it could never be turned on. Well, now they're turning it on. And"}, {"start": "00:36:23", "end": "00:36:29", "text": "I think that kind of proactive measures will be now more likely with the CFTC at the helm than the SEC."}, {"start": "00:36:29", "end": "00:36:35", "text": "Coinbase also is allowing Monad to uh launch on uh on their platform. Unis"}, {"start": "00:36:35", "end": "00:36:43", "text": "swap, monad, all these things. For the people who are like hardcore Bitcoin, they may be like why what's the point here? more capital markets coming in"}, {"start": "00:36:43", "end": "00:36:50", "text": "this manner whether it's revenue driving whether it's launching of these tokens you know Coinbase had pretty much got rid of all ICO type you know behaviors"}, {"start": "00:36:50", "end": "00:36:56", "text": "etc is this just like the merging of traditional finance and uh kind of the"}, {"start": "00:36:56", "end": "00:37:02", "text": "crypto world well let's see at the fundamental root of this question is like what is crypto"}, {"start": "00:37:02", "end": "00:37:08", "text": "right and like you know so many people have crypto will be dead in a decade that's why I keep telling people I mean it's it's weird because you know"}, {"start": "00:37:08", "end": "00:37:14", "text": "earlier today I was at the Thai conference which they do such a great job putting together an institutional crowd to talk about Bitcoin and crypto,"}, {"start": "00:37:14", "end": "00:37:20", "text": "but a lot of things people are focused on with stable coins. A lot of people are focused on uh tokenization, and it's"}, {"start": "00:37:20", "end": "00:37:26", "text": "because that's kind of stuff that JP Morgan can get involved in. Uh and I heard the curse words of private"}, {"start": "00:37:26", "end": "00:37:32", "text": "blockchain one too many times from this conference yet again. And so it was almost like this idea of like, oh, are"}, {"start": "00:37:32", "end": "00:37:37", "text": "we going back to this high trust environment versus the low trust environment of consumer adoption that"}, {"start": "00:37:37", "end": "00:37:42", "text": "requires humans to just have institutional intermediation? like is that is that basically the current"}, {"start": "00:37:42", "end": "00:37:50", "text": "version of crypto adoption and is that what we meant when we started the crypto revolution you know out of out of 2009."}, {"start": "00:37:50", "end": "00:37:56", "text": "So you know these things I think have a pendulum and they swing back and forth but one one aspect of it is that the"}, {"start": "00:37:56", "end": "00:38:02", "text": "institutions are coming and so the people that are spending money the people that are experiencing mergers and"}, {"start": "00:38:02", "end": "00:38:09", "text": "acquisitions have all today have been within those centralized service provisioning um so I think it's good I"}, {"start": "00:38:09", "end": "00:38:15", "text": "mean I think it's good that at some level like these real problems are being t tackled upon and it will have like"}, {"start": "00:38:15", "end": "00:38:21", "text": "consumer implications too like for example Mastercard and Visa announced last week as well that they're finally"}, {"start": "00:38:21", "end": "00:38:29", "text": "looking to settle the 20-year lawsuit that they've been having on their swipe fees with their merchants, right? This is a 20-year battle, right? We were like"}, {"start": "00:38:29", "end": "00:38:36", "text": "in college or maybe high school even when this had begun and it was still not settled. Why are they settling now?"}, {"start": "00:38:36", "end": "00:38:41", "text": "They're settling now because they know stable coins are coming and they know that there is actually a giant"}, {"start": "00:38:41", "end": "00:38:47", "text": "competitor ahead that is basically going to take all their market share because you can't charge 2.5% for every swipes."}, {"start": "00:38:47", "end": "00:38:52", "text": "And that's great for Americans, right? Whether you believe in crypto as privacy, you know, permissionless,"}, {"start": "00:38:52", "end": "00:38:59", "text": "blockchain, whatever, like it is great that stable coin is coming because it will in the end impact consumer uh"}, {"start": "00:38:59", "end": "00:39:04", "text": "better for having more competition in the space and we should la for that. So I I always go a little back and forth on"}, {"start": "00:39:04", "end": "00:39:11", "text": "like what the motivation and mission of crypto is. And the thing that I think is my northstar is it improves people's"}, {"start": "00:39:11", "end": "00:39:16", "text": "lives. If it improves people lives in whatever kind of dimension we're measuring it, then then I think it's a"}, {"start": "00:39:16", "end": "00:39:22", "text": "success. I think it's a great framework. Um, Square trying to improve the merchants lives. Now, uh, you can go and you can"}, {"start": "00:39:22", "end": "00:39:28", "text": "spend Bitcoin at a bunch of places. What's your take on this? Well, I would say first and foremost, please don't spend your Bitcoin to buy a"}, {"start": "00:39:28", "end": "00:39:35", "text": "cup of coffee. We know that's not a good idea. There's lots of horror stories that come of it. Um, and yet at the same time, like I've"}, {"start": "00:39:35", "end": "00:39:41", "text": "always wanted more adoption of Bitcoin being used as a means of payments to"}, {"start": "00:39:41", "end": "00:39:47", "text": "engender the productivity question of what Bitcoin means beyond being a store of value. So, this is one step in the"}, {"start": "00:39:47", "end": "00:39:55", "text": "direction that is absolutely correct for the future role of what Bitcoin could be. Um, and look, Lightning Network, I"}, {"start": "00:39:55", "end": "00:40:01", "text": "think, for all its controversies and successes, uh, is just a great player"}, {"start": "00:40:01", "end": "00:40:08", "text": "because they're well-intentioned, well capitalized about that long-term mission, almost like the way that like"}, {"start": "00:40:08", "end": "00:40:16", "text": "public utilities have to be. So, you know, what's great about it is ultimately um, the Lightning Network is"}, {"start": "00:40:16", "end": "00:40:23", "text": "built on Bitcoin, right? So this actually does take the security budget in mind in consideration where opening"}, {"start": "00:40:23", "end": "00:40:30", "text": "and closing the liquidity channels that ultimately pro provision for the transmission are bitcoin transactions."}, {"start": "00:40:30", "end": "00:40:35", "text": "So even though not every aspect of things that the lightning network does"}, {"start": "00:40:35", "end": "00:40:41", "text": "acrru to Bitcoin, there are some elements of it which does and that's great because Bitcoin has always needed"}, {"start": "00:40:41", "end": "00:40:47", "text": "more economic activities and I think anytime you bring that narrative to the forefront, it's mission aligned for more"}, {"start": "00:40:47", "end": "00:40:52", "text": "prosperity for Bitcoin or themselves too. That being said, I think there's a limit. You can't"}, {"start": "00:40:52", "end": "00:40:57", "text": "really spend more than like 600 bucks or something on the merchant side. And this again goes back to some of the"}, {"start": "00:40:57", "end": "00:41:03", "text": "fundamental challenges with how lightning network itself works um by having collateralized bitcoin that has"}, {"start": "00:41:03", "end": "00:41:09", "text": "to travel through some of these um liquidity pools. But uh but in the end"}, {"start": "00:41:09", "end": "00:41:16", "text": "hopefully we can do larger transactions. And my uh my own kind of personal view is that Bitcoin is actually more useful"}, {"start": "00:41:16", "end": "00:41:22", "text": "for larger transactions that um it's not the coffees I want to pay for. It's probably the larger things like home"}, {"start": "00:41:22", "end": "00:41:29", "text": "purchases or you know fronting college education or other things that you know are bigger expenses that it's maybe"}, {"start": "00:41:29", "end": "00:41:35", "text": "worthwhile thinking about the construct of spending and saving in bitcoin in ahead of that um in in ahead of that"}, {"start": "00:41:35", "end": "00:41:41", "text": "consumption. Does the square app allow you to spend with stable coins?"}, {"start": "00:41:41", "end": "00:41:46", "text": "Yes. Yes. I think in in fact um it even I think gives the merchant a choice as"}, {"start": "00:41:46", "end": "00:41:53", "text": "to whether you want to receive or convert um your your cash into Bitcoin"}, {"start": "00:41:53", "end": "00:41:59", "text": "too and you can pick. Interesting. Yeah. Yeah. I just think that um I understand that the promise of Bitcoin"}, {"start": "00:41:59", "end": "00:42:06", "text": "is this like electronic peer-to-peer cash system. Uh to your point, spending Bitcoin um on small purchases probably"}, {"start": "00:42:06", "end": "00:42:12", "text": "doesn't make a ton of sense. U at the same time kind of let people do what they want with their money. Yeah. Right."}, {"start": "00:42:12", "end": "00:42:18", "text": "Um, but it does feel like the stable coin has kind of co-opted the medium of"}, {"start": "00:42:18", "end": "00:42:24", "text": "exchange use case. Uh, and I would actually argue like that's probably a good thing um, for people today. At some"}, {"start": "00:42:24", "end": "00:42:30", "text": "point in the future, if Bitcoin is stable enough and pricing is in Bitcoin, like that may not be the the case, but"}, {"start": "00:42:30", "end": "00:42:36", "text": "right now like you want to spend dollars that are going to be worth less in the future, right? And so um enabling"}, {"start": "00:42:36", "end": "00:42:43", "text": "Bitcoin is great, but also it's like you should give people an option to use the digital rails and stable coins as well."}, {"start": "00:42:43", "end": "00:42:49", "text": "Yeah. In the end um you know payments is a two-sided transaction for someone who's selling it, someone's receiving"}, {"start": "00:42:49", "end": "00:42:54", "text": "it. So in the most neutral sense, the hope is that whoever receives it then keeps it in Bitcoin too and they will be"}, {"start": "00:42:54", "end": "00:43:00", "text": "able to acrew value and in some sense this also allows the possibility for many commercial companies to become"}, {"start": "00:43:00", "end": "00:43:05", "text": "Bitcoin treasuries themselves, right? Which is an incredible thing. Um, if you can own Bitcoin on your balance sheet as"}, {"start": "00:43:05", "end": "00:43:10", "text": "a corporate, whatever small business you may be running, the outsiz impact that can have for you for your business"}, {"start": "00:43:10", "end": "00:43:16", "text": "survivability in the future if Bitcoin continues to pace its price is is humongous. And now we've provided"}, {"start": "00:43:16", "end": "00:43:23", "text": "ultimately that optionality for thousands of merchants out there who now can just actually take Bitcoin. And that I think is also the other side of if the"}, {"start": "00:43:23", "end": "00:43:29", "text": "consumers are spending well the businesses are now going to save in Bitcoin. Makes sense to me. All right. Where can we send some people to find you on the"}, {"start": "00:43:29", "end": "00:43:35", "text": "internet? You can find me on X. Uh, my handle is DGT100011 and you can also find me on my Substack,"}, {"start": "00:43:35", "end": "00:43:40", "text": "same handle. Amazing. Thank you so much for doing it. We'll do it again next week."}]

[{"start": "00:00:00", "end": "00:00:08", "text": "I really think people should go back and look at what happened after the NASDAQ bubble in early 2000 and how long it"}, {"start": "00:00:08", "end": "00:00:15", "text": "took. I mean, it took a decade to get back to the prior highs. And I don't Bitcoin already took out the highs. So,"}, {"start": "00:00:15", "end": "00:00:22", "text": "I'm separating it as it's a financial asset that needs to be part of people's portfolios. I still think this is"}, {"start": "00:00:22", "end": "00:00:28", "text": "related to a dramatic overhang on the illquid markets. describe this overhang"}, {"start": "00:00:28", "end": "00:00:33", "text": "of the illquid market. What's going on guys? Today we got a great episode with Jordy Visser. In this"}, {"start": "00:00:33", "end": "00:00:39", "text": "conversation, we talk about Bitcoin's IPO moment. What is happening with Bitcoin's price? Why are people so disappointed? Should you be worried? And"}, {"start": "00:00:39", "end": "00:00:45", "text": "how is it going to affect your portfolio? We then also talk about things like Tesla, artificial intelligence, the stock market, and how"}, {"start": "00:00:45", "end": "00:00:51", "text": "Jordy is currently viewing what's going on with the political arena and things like the New York City mayor race. Jordy"}, {"start": "00:00:51", "end": "00:00:58", "text": "always brings great insights and I always learn a ton. But this conversation in particular, it's very nuanced and it weaves together tons of"}, {"start": "00:00:58", "end": "00:01:04", "text": "different trends that we've been talking about over the last couple of months and I think it will help you better form a worldview in terms of where we're going,"}, {"start": "00:01:04", "end": "00:01:10", "text": "what the issues could be and how your investment portfolio can evolve to meet all of those opportunities. Here's my"}, {"start": "00:01:10", "end": "00:01:16", "text": "latest conversation with Jordy Visser. All right, Jordy, I thought a great place to start this week's conversation is you wrote this very viral piece about"}, {"start": "00:01:16", "end": "00:01:21", "text": "Bitcoin going through its IPO moment. this distribution from the people who were early investors in Bitcoin who"}, {"start": "00:01:21", "end": "00:01:26", "text": "owned a lot of Bitcoin uh selling it into the market. What are your views now given that Bitcoin is trading around"}, {"start": "00:01:26", "end": "00:01:32", "text": "$100,000 and it seems like that distribution is really starting to impact the price."}, {"start": "00:01:32", "end": "00:01:38", "text": "Well, I think the the the concept of the IPO distribution, which I feel very"}, {"start": "00:01:38", "end": "00:01:44", "text": "strongly about just terms of thinking about what's been going on this year and just going back and putting in the"}, {"start": "00:01:44", "end": "00:01:49", "text": "context of assets and I think that's the one thing um whenever I speak with the"}, {"start": "00:01:49", "end": "00:01:56", "text": "community and I hear the frustration, there's always some correlation or some part of the asset market that fits into"}, {"start": "00:01:56", "end": "00:02:03", "text": "Bitcoin. And I I mean this is this goes with any IPO in general. Meaning you can't"}, {"start": "00:02:03", "end": "00:02:10", "text": "separate the market from the asset. And in the case of Bitcoin, let's leave it"}, {"start": "00:02:10", "end": "00:02:16", "text": "alone as not not crypto. Let's treat it as a financial asset. So the bond"}, {"start": "00:02:16", "end": "00:02:23", "text": "market's been garbage, which we know about. But I think if you break down the parts that are relative for for Bitcoin"}, {"start": "00:02:23", "end": "00:02:30", "text": "and you go back and you go, okay, except for Bitcoin, what's actually worked over the course of the last four years with"}, {"start": "00:02:30", "end": "00:02:36", "text": "inside the crypto space, the altcoins have they're still not up to the highs as as an index as they were back in"}, {"start": "00:02:36", "end": "00:02:43", "text": "2021, 2022. And if you look at similar markets to the altcoins, you get into"}, {"start": "00:02:43", "end": "00:02:50", "text": "the VC world, you get into the private equity world, you get into the private credit world, you get into the commercial real estate world. All of"}, {"start": "00:02:50", "end": "00:02:55", "text": "those have been under some form of distribution and markdown for a while."}, {"start": "00:02:55", "end": "00:03:02", "text": "So in theory, all coins have actually done better. Bitcoin's obviously gone up during that period. So, I just think"}, {"start": "00:03:02", "end": "00:03:11", "text": "whether it's 100 grand, whether it's 110, whether it's 95, whether it's 90 at this point, uh, everyone needs to"}, {"start": "00:03:11", "end": "00:03:16", "text": "take a pause, take a deep breath. If you're in this for the trading side,"}, {"start": "00:03:16", "end": "00:03:23", "text": "there's still more selling that needs to happen. uh if you believe the numbers and you believe that about 10,000 people"}, {"start": "00:03:23", "end": "00:03:29", "text": "own about 33% of Bitcoin, you throw out Satoshi's number, you're still dealing"}, {"start": "00:03:29", "end": "00:03:35", "text": "with, you know, 30% 28% of $2 trillion."}, {"start": "00:03:35", "end": "00:03:41", "text": "So, if there was a true distribution, which I think there will be, I don't understand how it's hard for people to"}, {"start": "00:03:41", "end": "00:03:47", "text": "imagine that if you bought put a million dollars into Bitcoin"}, {"start": "00:03:47", "end": "00:03:55", "text": "11 years ago. I mean, you've gotten a thousand times. Uh, you don't want to have 80% of your net worth in one asset."}, {"start": "00:03:55", "end": "00:04:01", "text": "And so, I think the distribution is happening. Uh, I really think people should go back and look at what happened"}, {"start": "00:04:01", "end": "00:04:09", "text": "after the NASDAQ bubble in early 2000 and how long it took. I mean, it took a"}, {"start": "00:04:09", "end": "00:04:16", "text": "decade to get back to the prior highs. And I don't Bitcoin already took out the highs. So, I'm separating it as it's a"}, {"start": "00:04:16", "end": "00:04:22", "text": "financial asset that needs to be part of people's portfolios. But the parts that it doesn't need to be part of people's"}, {"start": "00:04:22", "end": "00:04:27", "text": "portfolios, meaning the altcoins, the things that don't have institutional adoption. I still think this is related"}, {"start": "00:04:27", "end": "00:04:33", "text": "to a dramatic overhang on the illquid markets that are having an impact on"}, {"start": "00:04:33", "end": "00:04:39", "text": "this space. And over the course of unfortunately the last two weeks for people that wanted to see some kind of a"}, {"start": "00:04:39", "end": "00:04:44", "text": "bid, now you've had a dramatic fall in a lot of these nonprofitable speculative"}, {"start": "00:04:44", "end": "00:04:51", "text": "stocks. Describe this overhang of the illquid market. So again, I think people have"}, {"start": "00:04:51", "end": "00:04:56", "text": "underestimated how much money is in the illquid markets from the VC world. And I"}, {"start": "00:04:56", "end": "00:05:02", "text": "mentioned this in in the paper. Uh you obviously had a bubble in crypto that"}, {"start": "00:05:02", "end": "00:05:08", "text": "peaked in the late 21 early 22 period, but you also had massive SAS investments. So then rates go higher,"}, {"start": "00:05:08", "end": "00:05:14", "text": "that obviously hurts, but then AI happens. and artificial intelligence is"}, {"start": "00:05:14", "end": "00:05:20", "text": "an incredibly disruptive force, not just to uh to public companies that aren't"}, {"start": "00:05:20", "end": "00:05:26", "text": "adopting to it. But in particular, a lot of those SAS investments like look what's happened to Salesforce.com and"}, {"start": "00:05:26", "end": "00:05:32", "text": "Adobe public SAS companies. AI has made SAS a questionable investment place. And"}, {"start": "00:05:32", "end": "00:05:38", "text": "so when you have VCs that have a lot of investments tied into this, at the same"}, {"start": "00:05:38", "end": "00:05:44", "text": "time, you've seen the stories from the endowments needing capital and trading things at down levels. You've seen the"}, {"start": "00:05:44", "end": "00:05:50", "text": "problems that have shown up in first brands recently in private credit. Uh you've seen the private equity public"}, {"start": "00:05:50", "end": "00:05:55", "text": "companies that have gone down. I think this overhang of illiquidity in there is"}, {"start": "00:05:55", "end": "00:06:01", "text": "driving people more towards the liquid markets. I think that's one of the reasons why the public markets have done so well in spite of that because there"}, {"start": "00:06:01", "end": "00:06:07", "text": "are earnings that are growing. But that illlquid market doesn't get counted as much. It's one of the reasons why if I"}, {"start": "00:06:07", "end": "00:06:13", "text": "look a year out and everyone that's focused on the Clarity Act, tokenization is needed and it's needed to bring"}, {"start": "00:06:13", "end": "00:06:19", "text": "real-time pricing. So one of the reasons that pension funds, endowments, insurance companies had invested in the"}, {"start": "00:06:19", "end": "00:06:25", "text": "illquid markets was because there was no marktomarket. So no mark tomarket is a good thing when markets are going higher"}, {"start": "00:06:25", "end": "00:06:31", "text": "and these things are just kind of getting new valuations. But when they're not getting up rounds, it's a problem. And I think the altcoins and all the"}, {"start": "00:06:31", "end": "00:06:37", "text": "investments inside the crypto space are going through what happened after the do-com bubble. And let me get rid of the"}, {"start": "00:06:37", "end": "00:06:43", "text": "public markets. The VC market was hurt a lot too. And what happened was Google is probably the most famous and biggest of"}, {"start": "00:06:43", "end": "00:06:50", "text": "the IPOs that happened in 2004. And if you go back and look at, you know, Google coming to the market, that was a"}, {"start": "00:06:50", "end": "00:06:56", "text": "big deal because they needed cash. They needed to deliver some liquidity out into the LPS and I think that's a big"}, {"start": "00:06:56", "end": "00:07:03", "text": "part of what's going on now. Are you worried at all about Bitcoin sitting at $100,000? It went to, you know, 125. I think everyone was very"}, {"start": "00:07:03", "end": "00:07:10", "text": "excited. We're down now um you know 20 25% to 100K. Um I think I see a bifurcation in the market sentiment"}, {"start": "00:07:10", "end": "00:07:15", "text": "wise. Some people will tell you, hey, this is just consolidation right at that 100K level and it's kind of setting a"}, {"start": "00:07:15", "end": "00:07:21", "text": "base to go back to 125 and maybe even higher through the end of the year. um you still got, you know, the Tom Lees of"}, {"start": "00:07:21", "end": "00:07:27", "text": "the world who are going out and saying, you know, kind of uh higher price targets through uh 2025. On the other"}, {"start": "00:07:27", "end": "00:07:32", "text": "hand, there are some really smart kind of cryptonative type investors who say, \"Hey, that's it for the cycle. We're"}, {"start": "00:07:32", "end": "00:07:40", "text": "going back down. I'll get excited again when Bitcoin is, you know, 50, 60, maybe $70,000.\" Uh how do you decipher between"}, {"start": "00:07:40", "end": "00:07:45", "text": "those two different viewpoints? Well, this gets back into what I said. So, I I'm a macro person that spends my"}, {"start": "00:07:45", "end": "00:07:53", "text": "time thinking about what the world's going to look like in five years. So AI will continue to do two things for"}, {"start": "00:07:53", "end": "00:07:59", "text": "Bitcoin and for crypto that just keep me in the exact same path. And then I'll get into just kind of the near-term things that I think people should be"}, {"start": "00:07:59", "end": "00:08:05", "text": "looking at as part of the cycle. Um on the one side, AI is going to drive"}, {"start": "00:08:05", "end": "00:08:12", "text": "massive amounts of dollars into the new financial guard rails. So I don't think you can say Bitcoin and not connect it"}, {"start": "00:08:12", "end": "00:08:19", "text": "back to the innovation that will be happening. There's a reason why historically stable coin market cap was"}, {"start": "00:08:19", "end": "00:08:25", "text": "very correlated to Bitcoin. So if the market cap was going higher in stable coins, you'd expect it to be happen in Bitcoin. Well, now we have the market"}, {"start": "00:08:25", "end": "00:08:32", "text": "cap going higher, but Bitcoin is not going higher. And I think eventually that will normalize and people will realize that the more volume and dollars"}, {"start": "00:08:32", "end": "00:08:38", "text": "that are going into stable coins, the more that is the same function of what Bitcoin served. One of the things that"}, {"start": "00:08:38", "end": "00:08:44", "text": "happened with stable coins, and I've listened to a lot of Brent Johnson in particular, um if you haven't had him"}, {"start": "00:08:44", "end": "00:08:50", "text": "on, milkshake theory. Milkshake theory. Exactly. Well, he's recently done a report on stable coins."}, {"start": "00:08:50", "end": "00:08:56", "text": "And I think, um, in a world where most people in Bitcoin say the dollar needs"}, {"start": "00:08:56", "end": "00:09:01", "text": "to weaken, he's actually making the argument on stable coins that stable coins are going"}, {"start": "00:09:01", "end": "00:09:07", "text": "to serve the purpose of something that I believe that initially Bitcoin was thought of. And that could mean the"}, {"start": "00:09:07", "end": "00:09:13", "text": "dollar goes higher and Bitcoin goes higher. And I think people have to separate these correlations. So I'm a big believer that the innovation that's"}, {"start": "00:09:13", "end": "00:09:19", "text": "coming from stable coins, the network effects that are coming, the need for dollars to flow in the space eventually"}, {"start": "00:09:19", "end": "00:09:24", "text": "from the VC world once they're freed up from what's gone on will keep the innovation going. But you have to"}, {"start": "00:09:24", "end": "00:09:32", "text": "remember that the other part that we've talked about this entire time and now we've seen with the election in New York City, the job losses or the the job"}, {"start": "00:09:32", "end": "00:09:39", "text": "pressure that comes from artificial intelligence continues the main theme that I always believed in Bitcoin. So when I came to the conclusion in my mind"}, {"start": "00:09:39", "end": "00:09:46", "text": "that Bitcoin was a part of the endgame, I've referenced Joseph Shumper here every single month that we've spoken um"}, {"start": "00:09:46", "end": "00:09:53", "text": "creative destruction. He forecasted that eventually we will get to socialism. Okay? doesn't have to be at the"}, {"start": "00:09:53", "end": "00:09:58", "text": "countrywide level, but the reason that socialism becomes something is because people start believing that they need to"}, {"start": "00:09:58", "end": "00:10:03", "text": "have money handed to them. And that's because of the inequality that reaches a point that people want they want"}, {"start": "00:10:03", "end": "00:10:11", "text": "fairness. Um, Bitcoin is at the end of the day represented to me a new system"}, {"start": "00:10:11", "end": "00:10:17", "text": "where the democratization of a whole bunch of things happen. And the part of the democratization that goes on is an"}, {"start": "00:10:17", "end": "00:10:22", "text": "education that comes with AI. AI and crypto are both democratizing forces in"}, {"start": "00:10:22", "end": "00:10:29", "text": "my opinion and they match up at the very end. So there has to be a new system and with the government's embracing the new"}, {"start": "00:10:29", "end": "00:10:34", "text": "financial guard rails, we still have three more years of this administration"}, {"start": "00:10:34", "end": "00:10:40", "text": "to make sure that all of these things happen. And when the clarity act gets through, it's another bipartisan vote"}, {"start": "00:10:40", "end": "00:10:45", "text": "that will create the clarity on the structure. And I think that will serve as a point. One thing just to to to"}, {"start": "00:10:45", "end": "00:10:51", "text": "bring up for for what you said and so people can start to feel good. The most optimistic thing right now is that"}, {"start": "00:10:51", "end": "00:10:59", "text": "sentiment is so brutal. Um when sentiment gets this bad, it's good. And so if I go back to the fiat world, I"}, {"start": "00:10:59", "end": "00:11:04", "text": "still believe that the public equity market is going higher. If I thought we were going to have a 50% correction in"}, {"start": "00:11:04", "end": "00:11:12", "text": "equities, I'd be worried about Bitcoin at 100, at 98, at 97. But liquidity begs liquidity into assets"}, {"start": "00:11:12", "end": "00:11:20", "text": "that are going to do well. And Bitcoin will eventually get its chance again. And it will have worn through a lot of overhead supply from Wales while the"}, {"start": "00:11:20", "end": "00:11:26", "text": "distribution goes on. And I will say it again and again, I'd rather have a million people owning a billion dollars"}, {"start": "00:11:26", "end": "00:11:31", "text": "than one person owning a billion dollars. If you want a stable market with lower volatility and a trable"}, {"start": "00:11:31", "end": "00:11:37", "text": "market, I think the innovation's there. I think the macro structure is there, the inequality is there, and I also"}, {"start": "00:11:37", "end": "00:11:43", "text": "think that we're at a point where sentiment is just a big positive. Now, um, AI stocks still seem to have a"}, {"start": "00:11:43", "end": "00:11:49", "text": "pretty strong bid. There's been some volatility there, though. Um, there's a very clear supply demand imbalance when"}, {"start": "00:11:49", "end": "00:11:57", "text": "it comes to power generation, data centers. Um, but it does feel like now, uh, there's a growing sentiment that"}, {"start": "00:11:57", "end": "00:12:02", "text": "maybe these AI companies have more of a headwind than people previously thought. We've seen Open AI, uh, Sam Alman's"}, {"start": "00:12:02", "end": "00:12:09", "text": "gotten questioned multiple times of, hey, if you're going to go invest $1.4 trillion, where are you going to get the money from? Uh we have seen some"}, {"start": "00:12:09", "end": "00:12:15", "text": "controversy around uh Sarah Frier talking about the government backstopping some of this and then some clarifications coming out saying well we"}, {"start": "00:12:15", "end": "00:12:22", "text": "didn't really mean backstopping we meant this other thing. Um I think one of the other components is like should the United States get into the data center"}, {"start": "00:12:22", "end": "00:12:28", "text": "and the compute business and you know are they going to look at this as a national security issue?"}, {"start": "00:12:28", "end": "00:12:34", "text": "Is this all noise and people are just trying to figure out little things to talk about on a day-to-day basis, kind of like a soap opera, or are there real"}, {"start": "00:12:34", "end": "00:12:39", "text": "things that are changing here that maybe are changing your mind about these AI stocks and and kind of the uh the"}, {"start": "00:12:39", "end": "00:12:45", "text": "broader trend? Nothing is changing. I I view the infrastructure story as a bit of a"}, {"start": "00:12:45", "end": "00:12:51", "text": "sideshow. Um it will get funded. Uh it'll some a lot of it's going to be in"}, {"start": "00:12:51", "end": "00:12:59", "text": "debt. Uh but it's the adoption that matters. I don't know how many times"}, {"start": "00:12:59", "end": "00:13:05", "text": "you can say that this is electricity and that the apps, the adoption, the"}, {"start": "00:13:05", "end": "00:13:10", "text": "businesses, the profit margins, it's all to come. We're still in the very early"}, {"start": "00:13:10", "end": "00:13:18", "text": "stages. We've only done the training side. The inference side just started this year and the adoption is growing. I"}, {"start": "00:13:18", "end": "00:13:25", "text": "I know a lot of institutional hedge funds don't read the earnings report of Tesla or Palunteer because they're"}, {"start": "00:13:25", "end": "00:13:30", "text": "overvalued. And so if they're not going to own them and ownership from a hedge fund perspective is very low in those"}, {"start": "00:13:30", "end": "00:13:37", "text": "names. But if you go through Palunteer's earnings that happened this week and you read the numbers, they're staggering."}, {"start": "00:13:37", "end": "00:13:44", "text": "Forget the valuation. I just mean the adoption side which how many companies are now using Palanteer. Forget the"}, {"start": "00:13:44", "end": "00:13:50", "text": "government. These is their enterprise, their commercial business. The numbers are going rapidly. The reason I kind of"}, {"start": "00:13:50", "end": "00:13:55", "text": "jump into that, that is the next phase. The AI agents, the digital employees that we talked about, which are already"}, {"start": "00:13:55", "end": "00:14:01", "text": "having pressure on businesses or on on labor, uh that is the story. Whether"}, {"start": "00:14:01", "end": "00:14:06", "text": "people like it or not, if earnings per share are growing, then stocks are going to go higher, especially if the"}, {"start": "00:14:06", "end": "00:14:12", "text": "government is in a position, particularly right now, where they have to support the market. And I don't mean"}, {"start": "00:14:12", "end": "00:14:18", "text": "support it where they make sure it's going down. I actually mean making sure that the parts of the economy and labor,"}, {"start": "00:14:18", "end": "00:14:24", "text": "we're going into a midterm election. He's still got power to make sure once we get through the shutdown, I think the"}, {"start": "00:14:24", "end": "00:14:30", "text": "shutdown will lead to things happening once we get through AIPA and we figure out what is going to happen because"}, {"start": "00:14:30", "end": "00:14:36", "text": "we're now in that uncert uncertainty period. So, I think people are getting nervous. But when you say AI stocks, and"}, {"start": "00:14:36", "end": "00:14:43", "text": "this is the thing that I I I really want people to know. I wrote something on this where it was connecting QE to"}, {"start": "00:14:43", "end": "00:14:49", "text": "adoption of AI. Um QE was a hey rates are going to be moved to zero so you can"}, {"start": "00:14:49", "end": "00:14:55", "text": "go buy back your stock which is earning 6% and you can go borrow money at zero. It was financial engineering. The same"}, {"start": "00:14:55", "end": "00:15:01", "text": "thing that happened helped commercial real estate. The same thing that happened private equity. The same thing that happened VC. The same thing that"}, {"start": "00:15:01", "end": "00:15:07", "text": "happened all of that zero rates. The zero interest rate policy was a massive stimulus for the market. This stimulus"}, {"start": "00:15:07", "end": "00:15:13", "text": "is coming from artificial intelligence through profit margins. And again, it's a bigger stimulus if you go through and"}, {"start": "00:15:13", "end": "00:15:19", "text": "realize that if you cut expenses by 5%, you're getting the operating leverage. That's a much bigger number than the"}, {"start": "00:15:19", "end": "00:15:25", "text": "financial engineering that was going on for for companies with buybacks. So I do think the expense reduction leads to"}, {"start": "00:15:25", "end": "00:15:31", "text": "just greater reality in the equity market. And here's the thing I'll tell people that have happened in the last"}, {"start": "00:15:31", "end": "00:15:37", "text": "two weeks. So if people are getting nervous about the bull market, number one, banks made new all-time highs in"}, {"start": "00:15:37", "end": "00:15:44", "text": "the last four weeks. Equal weight S&P, I keep hearing how bad the breath is. Equal weight S&P made new all-time highs"}, {"start": "00:15:44", "end": "00:15:50", "text": "last week. The S&P made new all-time highs. Global markets, it's a similar story. Meaning European bank stocks made"}, {"start": "00:15:50", "end": "00:15:58", "text": "new all-time highs this week. When banks are doing well, that means the economy is fine. Meaning credit might seem bad"}, {"start": "00:15:58", "end": "00:16:03", "text": "because we've got private credit going up, but if the banks are going higher, historically when we have bare markets,"}, {"start": "00:16:03", "end": "00:16:10", "text": "breath starts to weaken beforehand. Yes. But you see that in equal weight S&P that's not happening. At the same time,"}, {"start": "00:16:10", "end": "00:16:16", "text": "you see it in banks because their equity price starts going down while the debt is going while the credit"}, {"start": "00:16:16", "end": "00:16:22", "text": "spreads are widening. We don't have credit spreads widening. So, I think everything is fine. I think this is a another normal pullback. And I do think"}, {"start": "00:16:22", "end": "00:16:29", "text": "when we get through this one, the Bitcoin story will start to resume at that point. Today's episode is"}, {"start": "00:16:29", "end": "00:16:34", "text": "brought to you by Figure. They're the largest non-bank mortgage lender in the United States with over $15 billion"}, {"start": "00:16:34", "end": "00:16:40", "text": "unlocked on their lending platform. They've just lowered rates on their Bitcoin and Ethereum backed loans to"}, {"start": "00:16:40", "end": "00:16:47", "text": "8.91%. Improving their already industry low fixed rate 50% LTV loans. They keep"}, {"start": "00:16:47", "end": "00:16:52", "text": "building as well, being the only major CBL player to launch decentralized MPC"}, {"start": "00:16:52", "end": "00:16:58", "text": "custody to protect against single entry failure. And they just removed interest deferral fees entirely, so you can let"}, {"start": "00:16:58", "end": "00:17:04", "text": "Bitcoin price appreciation pay for your loan over time. What is MPC decentralized custody? It's a Bitcoin or"}, {"start": "00:17:04", "end": "00:17:11", "text": "ETH onchain wallet with multiple key shards to protect you from single entity custody failure. You can always see your"}, {"start": "00:17:11", "end": "00:17:17", "text": "crypto ownership in a segregated wallet and verify your collateral hasn't moved. Whether you're funding a major purchase"}, {"start": "00:17:17", "end": "00:17:22", "text": "like a down payment on a home, investing in new opportunities, or even buying more Bitcoin, Figure makes it"}, {"start": "00:17:22", "end": "00:17:28", "text": "straightforward and transparent. Visit their app or click my link below to take out a Bitcoin back loan with Figure"}, {"start": "00:17:28", "end": "00:17:33", "text": "today. Now, um the jobs report that we recently got uh this Challenger jobs uh"}, {"start": "00:17:33", "end": "00:17:40", "text": "shows that there's basically more set uh more uh decline in the job market than you know, I don't know, any October in"}, {"start": "00:17:40", "end": "00:17:45", "text": "the last 20 years or whatever. I think back to uh 2003. Do you worry about this stuff?"}, {"start": "00:17:45", "end": "00:17:51", "text": "No, we're we're not. We're It's funny because I write about it almost every week and I write about it"}, {"start": "00:17:51", "end": "00:17:57", "text": "from the perspective of people need to pay attention to it on both the the societal level of the pressure that's"}, {"start": "00:17:57", "end": "00:18:05", "text": "happening and and the politic the politics direction that the country's going through um with I mean just what"}, {"start": "00:18:05", "end": "00:18:12", "text": "happened but when you have the elections that have kind of put the Republicans to pay attention as to what's going on. The"}, {"start": "00:18:12", "end": "00:18:17", "text": "way the government solved this is they go spend more money um for the next"}, {"start": "00:18:17", "end": "00:18:23", "text": "election. And so I fully embrace the fact that if anything happened after"}, {"start": "00:18:23", "end": "00:18:30", "text": "this week, it's a reminder that the young people in this country are feeling the strains. Now whenever people get"}, {"start": "00:18:30", "end": "00:18:36", "text": "bearish and they start worrying about things, the unemployment rate is still sitting near all-time lows. There are"}, {"start": "00:18:36", "end": "00:18:44", "text": "still labor shortages inside the country and that's not going away. Um, it's just not I've called this a a very big"}, {"start": "00:18:44", "end": "00:18:50", "text": "problem in being undermployed. So, if you have a college education, you expected to have a certain type of job."}, {"start": "00:18:50", "end": "00:18:57", "text": "You don't want to have to go take a job at in that doesn't match up with what your education or your degree was. And I"}, {"start": "00:18:57", "end": "00:19:03", "text": "think there's a lot of people that are in that. And that's why when I made the joke with you about take a walk in Williamsburg and you'll hear the"}, {"start": "00:19:03", "end": "00:19:09", "text": "complaints like out outside just out loud, everyone talking. This is a normal"}, {"start": "00:19:09", "end": "00:19:15", "text": "course of kind of unfortunately the displacement that's going on. I do think it'll look a little bit better because"}, {"start": "00:19:15", "end": "00:19:22", "text": "the PMIs to me are going to go higher because of the stuff that's happening in the middle part of the country. I do think manufacturing jobs are going to"}, {"start": "00:19:22", "end": "00:19:27", "text": "start to become a bigger story next year. So I imagine the unemployment rate"}, {"start": "00:19:27", "end": "00:19:32", "text": "is going to stay around the same level, maybe migrate a little bit higher. I don't expect AI agents to replace every"}, {"start": "00:19:32", "end": "00:19:38", "text": "digital worker. I do think it's going to press on things, but in the end that just means more government handouts are"}, {"start": "00:19:38", "end": "00:19:45", "text": "coming and it's going to come in the form of the stock market going higher with profit margins and with them supporting the people that are angry and"}, {"start": "00:19:45", "end": "00:19:51", "text": "need to vote. Now, um Peter Teal, there's two things that have been uh kind of resurfacing."}, {"start": "00:19:51", "end": "00:19:57", "text": "Uh one is um Peter was on stage with Andrew Rossin and was asked about Bitcoin in particular. uh at the time he"}, {"start": "00:19:57", "end": "00:20:02", "text": "basically said, you know, Bitcoin could go a little bit higher, but he doesn't think that there's the asymmetry uh"}, {"start": "00:20:02", "end": "00:20:08", "text": "still left that maybe early people uh were very attracted to. It seems like that is becoming a more consensus view"}, {"start": "00:20:08", "end": "00:20:15", "text": "today. As always, Peter being a little bit ahead of the curve. Um more importantly maybe is there's this email"}, {"start": "00:20:15", "end": "00:20:22", "text": "that got surfaced. uh he's emailing I think the Facebook board and Mark Zuckerberg and he basically says uh we"}, {"start": "00:20:22", "end": "00:20:28", "text": "can fight this socialism trend but when the young people are telling you that"}, {"start": "00:20:28", "end": "00:20:33", "text": "they're in student debt they can't afford a home like all these problems you better pay attention you better"}, {"start": "00:20:33", "end": "00:20:39", "text": "understand why and it looks very precient now kind of in hindsight where"}, {"start": "00:20:39", "end": "00:20:46", "text": "this a couple years ago he basically was saying whether you agree with them or not whether you think it's a good idea or not it is still reality And so we"}, {"start": "00:20:46", "end": "00:20:52", "text": "need to understand this. Um, is this just Peter being Peter and always ahead of the curve or is there something else"}, {"start": "00:20:52", "end": "00:20:58", "text": "here connecting? You know, Bitcoin's not going to go up nearly as much as people think it is. Socialism is a reality. We need to pay attention to it. Like it"}, {"start": "00:20:58", "end": "00:21:04", "text": "does seem like it's a world view that maybe is more rooted in what now people are saying is happening than, you know,"}, {"start": "00:21:04", "end": "00:21:10", "text": "people would have given him credit for two, three, four, five years ago. Sounds a little bit like the Williamsburg conversation we had with"}, {"start": "00:21:10", "end": "00:21:18", "text": "the mom Donnie vote. Yeah. Well, I listen, I was wrong on uh on Cuomo, right? And uh and you know um"}, {"start": "00:21:18", "end": "00:21:23", "text": "the thing that maybe uh is most interesting to me about the uh the"}, {"start": "00:21:23", "end": "00:21:31", "text": "entire uh New York City mayor election is it's not the people who the policies are"}, {"start": "00:21:31", "end": "00:21:37", "text": "targeted at helping. Right? And uh I heard a term recently that I thought was uh was really interesting and and I'm"}, {"start": "00:21:37", "end": "00:21:43", "text": "going to uh forget exactly how they described it, but they basically described downwardly mobile"}, {"start": "00:21:43", "end": "00:21:49", "text": "overeducated uh workers. And it was this whole idea of like, you know, kind of like a"}, {"start": "00:21:49", "end": "00:21:54", "text": "millennial or right below millennial generation being downwardly mobile rather than"}, {"start": "00:21:54", "end": "00:22:01", "text": "upwardly mobile from a socioeconomic standpoint and then being highly educated in the in"}, {"start": "00:22:01", "end": "00:22:07", "text": "the traditional sense, but then realizing that maybe this isn't actually the thing that works. And I think it's"}, {"start": "00:22:07", "end": "00:22:13", "text": "uh um I think it's either Ken Griffin or Jeff Bezos at the America Business Forum down in Miami. I saw a clip of them"}, {"start": "00:22:13", "end": "00:22:18", "text": "talking and they said, you know, part of the rise of Mamani and socialism and all"}, {"start": "00:22:18", "end": "00:22:26", "text": "this stuff is you have people who are leaving Ivy League education with degrees, sometimes multiple degrees, and"}, {"start": "00:22:26", "end": "00:22:31", "text": "they're realizing that their job prospects and their value in terms of"}, {"start": "00:22:31", "end": "00:22:36", "text": "the economic capture may not be as high as the guy down the street who works in"}, {"start": "00:22:36", "end": "00:22:43", "text": "oil and gas and understands engineering. And so now all of a sudden they're angry. They're upset. They feel almost"}, {"start": "00:22:43", "end": "00:22:49", "text": "like they were sold a bill of goods that is not true. And so the person's point"}, {"start": "00:22:49", "end": "00:22:56", "text": "was this is what's showing up, right? Like this is the outlet for that uh that anchor."}, {"start": "00:22:56", "end": "00:23:01", "text": "I I think it's right. And again, if if if you take"}, {"start": "00:23:01", "end": "00:23:07", "text": "let's take 23 year olds and say cuz when you go through the voting um and I heard"}, {"start": "00:23:07", "end": "00:23:12", "text": "this, I didn't see it in in the paper, but uh it makes a lot of sense. Uh for"}, {"start": "00:23:12", "end": "00:23:18", "text": "people that have lived in New York City the longest, Slew won. For people that have been here between I think it was 5"}, {"start": "00:23:18", "end": "00:23:23", "text": "and 10 years. Yeah. Um Cuomo won. And then people that have been here less"}, {"start": "00:23:23", "end": "00:23:29", "text": "than 5 years, it it was Mandani. Um, so and there's been a huge influx of people who have been here less than 5 years."}, {"start": "00:23:29", "end": "00:23:35", "text": "Yeah. Yeah. And there's a lot of young people that are in that in that in that uh age group obviously in terms of the people"}, {"start": "00:23:35", "end": "00:23:42", "text": "that make it up here. Here's the thing about it. The 23 year old right now, 25-year-old that little they grew up on"}, {"start": "00:23:42", "end": "00:23:47", "text": "the iPhone. And this is one of the things that I think people have to recognize with what Peter Teal said in"}, {"start": "00:23:47", "end": "00:23:54", "text": "2020. And you have to think about when he said when he sent Mark Zuckerberg, Cheryl Samberg, and Mark Andre was on"}, {"start": "00:23:54", "end": "00:24:01", "text": "that email, too. and he described that this is a reality like they just think differently and it's there you have to"}, {"start": "00:24:01", "end": "00:24:07", "text": "remember that was before co so the it was actually January of 2020 that that"}, {"start": "00:24:07", "end": "00:24:14", "text": "email from what I I remember seeing with it and that was 3 years before the release of chatbt so for anyone"}, {"start": "00:24:14", "end": "00:24:21", "text": "believing that this is solely about the jobs the disruption from AI it is not solely about this this is about in my"}, {"start": "00:24:21", "end": "00:24:28", "text": "opinion exponential change which has both given people the phones. So, the ability to organize, if you go back to"}, {"start": "00:24:28", "end": "00:24:34", "text": "the Arab Spring, I mean, Eric Schmidt wrote a great book, and I forget who he co-authored it with,"}, {"start": "00:24:34", "end": "00:24:40", "text": "so I'm not going to make sure we go through it, but he wrote a book that this is a reality of the smartphone,"}, {"start": "00:24:40", "end": "00:24:46", "text": "like allowing people to to get together in mass and fight back against"}, {"start": "00:24:46", "end": "00:24:51", "text": "dictatorship. So, politics are changing a lot because of exponential age."}, {"start": "00:24:51", "end": "00:24:57", "text": "They're we're destroying the upward mobility, the corporate ladder, which people went to school for, they have"}, {"start": "00:24:57", "end": "00:25:02", "text": "debt for. So his argument is correct. That's not going to change anytime soon. We're not going back to a world where,"}, {"start": "00:25:02", "end": "00:25:08", "text": "oh, I get a job and I stay at a company for the next 20 years. So this is a point where the the the youth in the"}, {"start": "00:25:08", "end": "00:25:13", "text": "country is just going to have to vote. They're going to have to fight for change and they're going to have to go"}, {"start": "00:25:13", "end": "00:25:19", "text": "through it. But the world will evolve over the course of the next decade. So when you get into the fourth turning,"}, {"start": "00:25:19", "end": "00:25:25", "text": "that's kind of what this is, right? When you read the book and you realize a generational shift. So the fourth"}, {"start": "00:25:25", "end": "00:25:30", "text": "generational shift. I reference my grandmother a lot teaching me about the Great Depression because she was born in"}, {"start": "00:25:30", "end": "00:25:36", "text": "1920. So now you fast forward and you know my kids,"}, {"start": "00:25:36", "end": "00:25:42", "text": "they grew up in a much better world than my grandmother grew up. They grew up in a a better place than I did as a kid."}, {"start": "00:25:42", "end": "00:25:49", "text": "Um, I think this is a reality check for everyone that's going to take some time to play out. In the end, I I I believe"}, {"start": "00:25:49", "end": "00:25:56", "text": "Alon Musk, his view of abundance and his view of kind of this world where the way that"}, {"start": "00:25:56", "end": "00:26:01", "text": "you solve the problems of inflation and this cost of living is they eventually"}, {"start": "00:26:01", "end": "00:26:07", "text": "do get things that are free. So, if you vote for it and you think socialism is going to do it, that's not going to"}, {"start": "00:26:07", "end": "00:26:13", "text": "work. But if it comes through innovation and it comes through technology, well then you're starting to get into a world"}, {"start": "00:26:13", "end": "00:26:18", "text": "that not only Alain Alon Mus believed in Joseph Shumpert didn't actually get to"}, {"start": "00:26:18", "end": "00:26:23", "text": "this part of the book, but Milton Freriedman is someone that's getting more connected for me back to this. I'm"}, {"start": "00:26:23", "end": "00:26:30", "text": "going to write a paper on it cuz people need to read some of the work that he did and some of the things he said cuz he was antisocialism."}, {"start": "00:26:30", "end": "00:26:36", "text": "He was kind of anti- the Fed. Uh but he wrote a lot of great papers about"}, {"start": "00:26:36", "end": "00:26:42", "text": "freedom. uh and capitalism. And I think that's what eventually we'll get back to. It's just going to take some time."}, {"start": "00:26:42", "end": "00:26:47", "text": "So, a couple things that I find interesting. Um I don't know if you saw recently, there was this very viral"}, {"start": "00:26:47", "end": "00:26:54", "text": "tweet about uh somebody in Austin, Texas. They pulled up Uber and they pulled up the Tesla robo taxi app and it"}, {"start": "00:26:54", "end": "00:27:00", "text": "was something like uh 6x or 5x cheaper for the Tesla robo taxi versus Uber."}, {"start": "00:27:00", "end": "00:27:05", "text": "Now, it's unclear if there's any subsidization going on, right? If you remember when Uber and Lyft first came"}, {"start": "00:27:05", "end": "00:27:11", "text": "out, you could in San Francisco go across town for like three bucks. It was like amazing. And you're like, \"Thank you VCs,\" right? um obviously it's not"}, {"start": "00:27:11", "end": "00:27:16", "text": "$3 now. Uh so there there may be some of that going on, but there is still a"}, {"start": "00:27:16", "end": "00:27:23", "text": "significant reduction in cost. Um I think two things happen. One that is technology that is obviously making it"}, {"start": "00:27:23", "end": "00:27:28", "text": "more affordable for transportation, which I think uh has shown throughout history to be kind of the trend and how"}, {"start": "00:27:28", "end": "00:27:37", "text": "you actually get prices down. But the second thing is it calls into question like is Tesla going to buy Uber as a"}, {"start": "00:27:37", "end": "00:27:42", "text": "pure customer acquisition strategy and basically just say listen you've already gone all around the world spent all this"}, {"start": "00:27:42", "end": "00:27:49", "text": "money to acquire all these users we should just go ahead and save your company because you're going to get destroyed through this creative"}, {"start": "00:27:49", "end": "00:27:55", "text": "destruction of we don't have drivers and so we have a cost advantage and is there"}, {"start": "00:27:55", "end": "00:28:01", "text": "something there where these two companies actually uh Elon becomes the owner of Uber."}, {"start": "00:28:01", "end": "00:28:08", "text": "I wouldn't put anything past him for um for doing this. But I will say that the advantage for him, so you're talking"}, {"start": "00:28:08", "end": "00:28:14", "text": "about buying the users makes sense. I I think he believes as I do, which is"}, {"start": "00:28:14", "end": "00:28:21", "text": "things go viral based on a very simple concept, and you already brought it up, the ability of offering things to people"}, {"start": "00:28:21", "end": "00:28:26", "text": "without human beings reduces the cost dramatically. And that's the reason why the profit margins are starting to"}, {"start": "00:28:26", "end": "00:28:31", "text": "become a major thing because you've heard the numbers. global economy. So the total sum of all the transactions of"}, {"start": "00:28:31", "end": "00:28:36", "text": "the world $120 trillion. Okay. Total compensation"}, {"start": "00:28:36", "end": "00:28:42", "text": "$60 trillion. So if you eliminate all human beings working theoretically,"}, {"start": "00:28:42", "end": "00:28:47", "text": "uh then you have infinity, you know, because you have a zero on the denominator. All all of this stuff is"}, {"start": "00:28:47", "end": "00:28:54", "text": "like uh Jordy Visser removes all human labor. Well, if people get things for free and"}, {"start": "00:28:54", "end": "00:29:01", "text": "they don't have to work, and this is the part that it goes through it. If kids right now, if you took a poll of the"}, {"start": "00:29:01", "end": "00:29:07", "text": "people that are mad about the situation that Peter Teal wrote about, he wrote a"}, {"start": "00:29:07", "end": "00:29:12", "text": "lot of things in there. The inflation was not part of it then because we didn't have CO. That's why I brought up"}, {"start": "00:29:12", "end": "00:29:20", "text": "the CO co reset things to levels. Uh I don't remember if we talked about it last week. We probably did, but like"}, {"start": "00:29:20", "end": "00:29:26", "text": "Chipotle is is exactly that that age group. Um I"}, {"start": "00:29:26", "end": "00:29:33", "text": "mean I have two well three kids between the ages of 21 and 25."}, {"start": "00:29:33", "end": "00:29:39", "text": "Chipotle was kind of their bread and butter for where they were eating. And when you take something that was $8 and"}, {"start": "00:29:39", "end": "00:29:44", "text": "you move it to 19 and the quality of it goes down and the size of it goes down"}, {"start": "00:29:44", "end": "00:29:52", "text": "like we watch a Snickers bar do over time when we were kids or sorry I'm much older than you when I was a kid."}, {"start": "00:29:52", "end": "00:29:59", "text": "Damn Snicker Bars are too damn small. they just got smaller and smaller and they're going through that phenomenon"}, {"start": "00:29:59", "end": "00:30:04", "text": "now and I don't know how it's going to turn around for the company unless they can reduce the prices off dramatically."}, {"start": "00:30:04", "end": "00:30:11", "text": "And the reason Chipotle is so interesting is because there's less people working at Chipotle than there is McDonald. So the way the the prices have"}, {"start": "00:30:11", "end": "00:30:18", "text": "gone up to levels that I think have made it more challenging for people. So the question is how much of it is the corporate ladder? How much in terms of"}, {"start": "00:30:18", "end": "00:30:23", "text": "the inability to move higher? How much is it the inflation?"}, {"start": "00:30:23", "end": "00:30:31", "text": "I I I don't know. But I think that this is uh you're bringing up a good point with the Chipotle thing, which is it is price and"}, {"start": "00:30:31", "end": "00:30:36", "text": "quality degradation, which could be associated somewhat with ingredient quality and things like that, right, of"}, {"start": "00:30:36", "end": "00:30:42", "text": "uh of price. But I actually think that there's also a labor component. And it's"}, {"start": "00:30:42", "end": "00:30:49", "text": "a well doumented thing of these businesses have a very hard time finding and keeping labor. But when you have a"}, {"start": "00:30:49", "end": "00:30:56", "text": "uh friction to finding good labor that stays for a long time, now all of a sudden you may actually stop uh start"}, {"start": "00:30:56", "end": "00:31:01", "text": "training a little bit less cuz this person's not going to be here for the next 5 years, right? you may uh have to"}, {"start": "00:31:01", "end": "00:31:06", "text": "go into pools of candidates that you otherwise wouldn't have if you had a line out the door of people who wanted"}, {"start": "00:31:06", "end": "00:31:12", "text": "to work there. And so you start to almost get this like reinforcing downward spiral of I'm having to"}, {"start": "00:31:12", "end": "00:31:19", "text": "increase my prices. I'm having to decrease the quality of what's going into the product and oh by the way the"}, {"start": "00:31:19", "end": "00:31:26", "text": "human who is making the product is not as well trained is not you know the the type of person that we would pick first."}, {"start": "00:31:26", "end": "00:31:32", "text": "you now have a situation where of course it's going to get worse and the prices are going to be higher and so then you get the customer that goes away. Well,"}, {"start": "00:31:32", "end": "00:31:38", "text": "if your customer is going away, your profit margins are going away and it just ends up in this spiral that it's"}, {"start": "00:31:38", "end": "00:31:47", "text": "kind of hard to see how do you stop it. Well, this is why the printing of the money for COVID was such a problem. Um"}, {"start": "00:31:47", "end": "00:31:54", "text": "and and and I don't think people have analyzed it enough to just say that okay if you raise price if you print a lot of"}, {"start": "00:31:54", "end": "00:32:00", "text": "money you have a supply thing and you have to move prices up because of supply"}, {"start": "00:32:00", "end": "00:32:05", "text": "constraints and food whatever it is and then the wages go higher."}, {"start": "00:32:05", "end": "00:32:12", "text": "It's very hard to take wages down. So CPI stays up at these high levels and wages stay up at these high levels. So"}, {"start": "00:32:12", "end": "00:32:17", "text": "you can slow the wages down. You can try to find a way to reduce the amount of people, but at some point you're running"}, {"start": "00:32:17", "end": "00:32:23", "text": "as lean as you can run. And so you have to find another option. The other option is to reduce the quality, change uh"}, {"start": "00:32:23", "end": "00:32:29", "text": "where you're getting stuff to a cheaper thing, move off organic, whatever you want, and then shrink the size. But then"}, {"start": "00:32:29", "end": "00:32:36", "text": "the people that are getting paid who can't live in the city because their housing costs have gone higher for the exact same reason, they start revoling"}, {"start": "00:32:36", "end": "00:32:41", "text": "and they say, \"Okay, I'm only going to go eat here once a week as opposed to twice a week.\" And that's what in the"}, {"start": "00:32:41", "end": "00:32:47", "text": "commentary was said. So, everyone's kind of cutting back on what's going on. I"}, {"start": "00:32:47", "end": "00:32:53", "text": "believe the only way to resolve this. Historically, it's a recession, meaning you just a bunch of places go out of"}, {"start": "00:32:53", "end": "00:32:59", "text": "business. You reset the prices lower. If that's not an option and the government's still spending, then that"}, {"start": "00:32:59", "end": "00:33:06", "text": "means we're constantly in this inflationary period where we don't allow recessions to happen. And that's why I say there's no chance of a recession"}, {"start": "00:33:06", "end": "00:33:12", "text": "because the financialization of the market's gotten too big that it would immediately turn into something that they were trying to avoid in the first"}, {"start": "00:33:12", "end": "00:33:18", "text": "place. So what you're left with is Chipotle has to restructure their business some way. I don't know how AI"}, {"start": "00:33:18", "end": "00:33:25", "text": "can help their business, but I do know this, there will be new companies that come that just like robo taxis that"}, {"start": "00:33:25", "end": "00:33:32", "text": "enable restaurants to actually have cheaper pricing. Well, we've seen this now. There there's been two things that have been going on."}, {"start": "00:33:32", "end": "00:33:38", "text": "I don't know for the last decade that I've been investing in early stage startups. Uh one is um there's been a"}, {"start": "00:33:38", "end": "00:33:45", "text": "plethora of companies who uh I remember there was a company who wanted to use uh chefs at home"}, {"start": "00:33:45", "end": "00:33:51", "text": "that then could deliver to their neighbors. Uh I have seen uh all of the cloud kitchen you know uh type stuff"}, {"start": "00:33:51", "end": "00:33:57", "text": "where hey we're going to basically have six different restaurants that all operate out of this one and just have a digital you know storefront people can"}, {"start": "00:33:57", "end": "00:34:02", "text": "order it as delivery only. Um, I've also seen uh companies who have used"}, {"start": "00:34:02", "end": "00:34:08", "text": "robotics. Um, I remember there was a company out in California that uh they basically created a robotic arm to do uh"}, {"start": "00:34:08", "end": "00:34:14", "text": "like bagels uh eggs and coffee and they would put it inside of these universities. Um, you just go to the"}, {"start": "00:34:14", "end": "00:34:19", "text": "online like people have been trying to assault this space for quite a while. It's really hard, right? Right? Whether"}, {"start": "00:34:19", "end": "00:34:24", "text": "you want to use robotics or a new business model, you not only have just like execution risk of you got to go"}, {"start": "00:34:24", "end": "00:34:30", "text": "build a new business, but to get to scale with these new things is very very"}, {"start": "00:34:30", "end": "00:34:37", "text": "difficult. And I think that, you know, one of the best entrepreneurs of our entire lifetime is Travis Kalanick at"}, {"start": "00:34:37", "end": "00:34:45", "text": "Uber, if you're going to name it. Yeah. And he, you know, gets removed from Uber. Um, we're not going to unpack uh"}, {"start": "00:34:45", "end": "00:34:52", "text": "how how crazy and unfair that was, but it happened. He goes and starts cloud kitchens. Yep. And he basically is going"}, {"start": "00:34:52", "end": "00:34:59", "text": "to go all in on food delivery and changing the economics, etc. From what I understand, um there's a big real estate"}, {"start": "00:34:59", "end": "00:35:05", "text": "component to it. There's a big uh you know, kind of software coordination and logistics type thing. And there's also"}, {"start": "00:35:05", "end": "00:35:10", "text": "the creation of the food. It's going well, but it's not"}, {"start": "00:35:10", "end": "00:35:16", "text": "you know hundred billion dollar company that uh the Uber kind of uh you know, runaway train was."}, {"start": "00:35:16", "end": "00:35:22", "text": "Mhm. It makes you kind of think, can these businesses actually do this? So,"}, {"start": "00:35:22", "end": "00:35:29", "text": "if if the best entrepreneur can't do it, if the, you know, hundreds of startups that are attacking them can't do it, can"}, {"start": "00:35:29", "end": "00:35:34", "text": "McDonald's do it, can Chipotle do it? I don't know."}, {"start": "00:35:34", "end": "00:35:40", "text": "You know, again, I I live in Williamsburg. I live in an apartment. I'm probably twice as old as the average"}, {"start": "00:35:40", "end": "00:35:46", "text": "person in in in the building. When I wake up in the morning, even if it's,"}, {"start": "00:35:46", "end": "00:35:52", "text": "let's say, 6:00 and I leave on a Saturday, inevitably there'll be a bag waiting at a door, even at that early of"}, {"start": "00:35:52", "end": "00:35:59", "text": "a time. So, Door Dash is running around the clock. People still order food in and they want to do that. And so, if you"}, {"start": "00:35:59", "end": "00:36:04", "text": "find a way to make the food cheaper to where there's no actual office space, and when Travis, he's talked about this"}, {"start": "00:36:04", "end": "00:36:09", "text": "a lot on the on on the All-In Pot. I think he's been on two or three times this year. Um, and I remember listening"}, {"start": "00:36:09", "end": "00:36:15", "text": "to it one. It was when we were in Miami. He was on and I remember because I remember walking around listening and it was the first time I had heard of Cloud"}, {"start": "00:36:15", "end": "00:36:21", "text": "Kitchen. It was the first time I had heard of the idea and he talked about it. I do think people just have to accept the fact that we're going to find"}, {"start": "00:36:21", "end": "00:36:28", "text": "ways to reduce prices by not having as many people working in it. um it might take time to get there but that's why"}, {"start": "00:36:28", "end": "00:36:33", "text": "when you think about humanoids and you think about the things that are coming over the course of the next decade when"}, {"start": "00:36:33", "end": "00:36:39", "text": "people start to get worried about AI and I always go back to this is a certainty"}, {"start": "00:36:39", "end": "00:36:44", "text": "this is not a guess we are just like every part of exponential innovation has"}, {"start": "00:36:44", "end": "00:36:50", "text": "happened you can doubt it for a period of time but the reality is the benefits that are going to come come at a time"}, {"start": "00:36:50", "end": "00:36:56", "text": "where companies need to be competitive so you go back to the Milton Freedman thing and you think about his whole"}, {"start": "00:36:56", "end": "00:37:02", "text": "thing was about competitiveness, competitiveness, competitiveness which is what capitalism is. The problem is"}, {"start": "00:37:02", "end": "00:37:08", "text": "right now the government is just too big and that was his other angle. And if the government gets too big and they create"}, {"start": "00:37:08", "end": "00:37:15", "text": "this not hyperinflation, but they create this thing where it brings it to a level where rates can't go down far enough."}, {"start": "00:37:15", "end": "00:37:22", "text": "And I don't think we want rates to go down far enough. I think we actually want them to go down slow because if we just go back and let people refinance"}, {"start": "00:37:22", "end": "00:37:27", "text": "again and try to continue to go, how long is it going to take before these businesses that should be out of"}, {"start": "00:37:27", "end": "00:37:33", "text": "business go out of business and maybe they go start and do something else and they figure out a better way to make money and reset everything? But we need"}, {"start": "00:37:33", "end": "00:37:39", "text": "to reset a lot of the economy and I think that's going to happen and I think the restaurant industry has to go through it. I personally think as"}, {"start": "00:37:39", "end": "00:37:47", "text": "someone who has enough money to go out to dinner, I learned how to cook a long time ago. It's 80% cheaper to cook at"}, {"start": "00:37:47", "end": "00:37:52", "text": "home for quality of meal. That's That's even close. Yeah, it's not even close. Um,"}, {"start": "00:37:52", "end": "00:37:57", "text": "today's episode is brought to you by Arch Public. As markets shift, headlines break, and interest rates swing, one"}, {"start": "00:37:57", "end": "00:38:04", "text": "thing stays true. Opportunity is everywhere. At Arch Public, they help you do more than just buy and hold. Yes,"}, {"start": "00:38:04", "end": "00:38:10", "text": "their dynamic accumulation algorithms are built for long-term investors. But where they really shine, their arbitrage"}, {"start": "00:38:10", "end": "00:38:17", "text": "algos designed to farm volatility and turbocharge your core positions. The best part of Arch Public's products is"}, {"start": "00:38:17", "end": "00:38:22", "text": "they're free. Yeah, you heard that right. Try Arch Public for free. Take advantage of wild moves and assets like"}, {"start": "00:38:22", "end": "00:38:28", "text": "Salana, Sooie, and Doge and use them to stack more Bitcoin completely hands-free. Arch Public is already a"}, {"start": "00:38:28", "end": "00:38:33", "text": "preferred partner with Coinbase, Kraken, Gemini, and Robin Hood, and their team is here to help you build smarter in any"}, {"start": "00:38:33", "end": "00:38:42", "text": "market. Visit Arch Public today at archpub.com and your portfolio will thank you."}, {"start": "00:38:42", "end": "00:38:49", "text": "Today's episode is brought to you by Defi Development Corp. Global Wealth today exceeds $500 trillion, yet crypto"}, {"start": "00:38:49", "end": "00:38:57", "text": "still represents less than 1% of that total. Defi Development Corp. NASDAQ ticker DFDV offers investors a new way"}, {"start": "00:38:57", "end": "00:39:02", "text": "to gain exposure to one of the most disruptive technologies of our time, crypto infrastructure. As crypto and"}, {"start": "00:39:02", "end": "00:39:09", "text": "Tread 5 veterans, the DFTV team is building the first Salana focused public treasury. They're accumulating soul to"}, {"start": "00:39:09", "end": "00:39:14", "text": "give shareholders direct exposure to what they believe is the definitive crypto infrastructure, poised to capture"}, {"start": "00:39:14", "end": "00:39:21", "text": "a significant share of the $2.4 trillion in revenue generated from global value transfer each year. DFTV believes"}, {"start": "00:39:21", "end": "00:39:27", "text": "Salana's position to disrupt the world and aims to provide investors with one of the most levered ways to participate"}, {"start": "00:39:27", "end": "00:39:33", "text": "in that upside by tapping into capital markets fundraising, leading the way in onchain innovation, maximizing yield,"}, {"start": "00:39:33", "end": "00:39:40", "text": "and launching similar public vehicles in key international markets. To learn more about why DFD believes Soul represents a"}, {"start": "00:39:40", "end": "00:39:48", "text": "transformative opportunity and why DFD is the best way to capitalize on it, visit dftdv.com/pump."}, {"start": "00:39:48", "end": "00:39:54", "text": "That's dfdv.com/pom. Elon Musk, he got a lot of money. He can"}, {"start": "00:39:54", "end": "00:40:00", "text": "afford dinner. He didn't get it yet. No, no, no, no. He's already got a lot of money, but he now uh officially got"}, {"start": "00:40:00", "end": "00:40:05", "text": "approved for his trillion dollar pay package, which before we let all the critics get in the comments and start"}, {"start": "00:40:05", "end": "00:40:11", "text": "yelling and screaming, he doesn't get a trillion dollars unless he basically pulls off the impossible. Now, I wouldn't bet against the man, and"}, {"start": "00:40:11", "end": "00:40:18", "text": "I think he's probably going to get a lot of it. What's your read on uh 75% approval? I"}, {"start": "00:40:18", "end": "00:40:24", "text": "think uh 75% of the votes uh approved this pay package. Obviously, it's very"}, {"start": "00:40:24", "end": "00:40:31", "text": "uh controversial, contentious. Uh some people think it's absurd. Other people think that uh he's underpaid."}, {"start": "00:40:31", "end": "00:40:38", "text": "How do you look at it? Well, first of all, Tesla is a cult stock, so it's got a lot of Bitcoin qualities to it. Nobody"}, {"start": "00:40:38", "end": "00:40:44", "text": "knows how to value it. So, people that went to college and the best colleges in the world don't know how to react to it."}, {"start": "00:40:44", "end": "00:40:50", "text": "He's a polarizing figure. Um, it's the most important story in the world for me next year. I, you know,"}, {"start": "00:40:50", "end": "00:40:59", "text": "I've said it before. I've written a paper about it. We've talked about it here. We are on the cusp of something big. Uh, Adam Jonas's, you know, moment"}, {"start": "00:40:59", "end": "00:41:04", "text": "that he wrote about last week that we talked about. If people haven't paid attention, and I read something in today"}, {"start": "00:41:04", "end": "00:41:11", "text": "that Tesla is a problem of the market. It's overvalued. It's a major issue. Those people have not spent time on the"}, {"start": "00:41:11", "end": "00:41:18", "text": "TAM associated with the robo taxi market in the way that you described it and humanoids. Robo taxis are here. It is"}, {"start": "00:41:18", "end": "00:41:24", "text": "coming. And yes, there will be accidents just like there are with human beings driving drunk or texting while they're"}, {"start": "00:41:24", "end": "00:41:32", "text": "driving, which is a huge problem for the world. Robo taxis are safer. Are they perfect? No. Every single month, it's"}, {"start": "00:41:32", "end": "00:41:38", "text": "getting better. And because of artificial intelligence, it's accelerating at a pace, which means you should expect every upgrade of the"}, {"start": "00:41:38", "end": "00:41:43", "text": "software to be better and better. And I think people just need to go through and realize that the iPhone that you had"}, {"start": "00:41:43", "end": "00:41:50", "text": "back in 2010 could not handle video. And that didn't actually happen until, you"}, {"start": "00:41:50", "end": "00:41:55", "text": "know, 2020, 2021. And it really wasn't until during co that you could sit on"}, {"start": "00:41:55", "end": "00:42:01", "text": "the phone and watch a fulllength movie without having to be on Wi-Fi. So, I think people just have to accept the"}, {"start": "00:42:01", "end": "00:42:06", "text": "fact that it's robo taxis next. He made a bet on vision. And I've said it before"}, {"start": "00:42:06", "end": "00:42:12", "text": "and I'll say it again. I don't think enough people have spent the time comparing what Whimo did versus what he"}, {"start": "00:42:12", "end": "00:42:17", "text": "did. Both of them can coexist. Both of them can have autonomous driving. Both of them can be cheaper than Uber. That's"}, {"start": "00:42:17", "end": "00:42:26", "text": "great. But for Alon Musk to focus on vision, which is a necessity, and you had Dan Ies on recently, this point of"}, {"start": "00:42:26", "end": "00:42:33", "text": "Tesla being at this moment, it's the gateway to humanoids. It's humanoids on wheels. And so, I think next year is the"}, {"start": "00:42:33", "end": "00:42:39", "text": "year that the market gets really exuberant. If you want to find a bubble, think about what it means to actually"}, {"start": "00:42:39", "end": "00:42:46", "text": "have humanoids to be able to replace like Amazon is saying they're going to do, but its other businesses as well."}, {"start": "00:42:46", "end": "00:42:51", "text": "We're just getting into the part where AI agents and humanoids are going to be coming at the exact same time. And"}, {"start": "00:42:51", "end": "00:42:56", "text": "you're going to start to see this in profit margins next year. So, I fully expect margins for public companies to"}, {"start": "00:42:56", "end": "00:43:01", "text": "be going higher in a big way next year. That means stocks will be going higher. It also means the disruption to labor"}, {"start": "00:43:01", "end": "00:43:08", "text": "will remain. The Fed will be cutting rates and ahead of the midterms, the government's going to have to spend money. AI is causing all of this. And if"}, {"start": "00:43:08", "end": "00:43:14", "text": "you don't want to say AI, it's exponential innovation. Do not fade exponential innovation. Last thing I want to talk about is you wrote this uh"}, {"start": "00:43:14", "end": "00:43:20", "text": "this paper and the title of it is make your AI bed small steps to empowerment before the world races past you. I know"}, {"start": "00:43:20", "end": "00:43:26", "text": "that you're becoming very interested in how can you help people prepare for this world understand how to thrive in this"}, {"start": "00:43:26", "end": "00:43:32", "text": "kind of AI uh driven world. Can you talk a little bit more about this idea of making your AI bed?"}, {"start": "00:43:32", "end": "00:43:37", "text": "Yeah, this is going to be um kind of my focus for"}, {"start": "00:43:37", "end": "00:43:45", "text": "the people that have followed me and have asked reached out and asked questions. They're the ones that triggered this because starting around,"}, {"start": "00:43:45", "end": "00:43:51", "text": "I'd say June of this year before I went to Maine, uh, I started doing a lot more in my videos about artificial"}, {"start": "00:43:51", "end": "00:43:56", "text": "intelligence and using it to find companies, showing people how I was doing that, going through the earnings"}, {"start": "00:43:56", "end": "00:44:03", "text": "reports, whether it's Perplexity, Gemini, uh, Claude, OpenAI, it doesn't really matter. I use all of them all day"}, {"start": "00:44:03", "end": "00:44:10", "text": "long and people started asking questions like, \"How do I do that? How can I go through it?\" I'm 58, turning 59 years"}, {"start": "00:44:10", "end": "00:44:16", "text": "old in March. What? Yeah, I know. It's amazing, isn't it? Just I don't know how many times we have"}, {"start": "00:44:16", "end": "00:44:22", "text": "You come in here looking 21, got a fashionable shirt on. God dang, man. I"}, {"start": "00:44:22", "end": "00:44:27", "text": "hope that I look like you at 58, 59, you know. Well, I'll teach you how to make"}, {"start": "00:44:27", "end": "00:44:33", "text": "for those that don't know, I was on TV earlier, so I have makeup on, so it makes me look about two years younger, but I still don't look as good as you."}, {"start": "00:44:33", "end": "00:44:39", "text": "There you go. So, I try. It's the energy level. I still have it. It's It's constant. It's a lot of yoga. Um,"}, {"start": "00:44:39", "end": "00:44:45", "text": "now th this is important. So, um, we've never talked about this. Have you seen"}, {"start": "00:44:45", "end": "00:44:52", "text": "Admiral McCraven's one of my favorites? Okay. Make your bed. Get a win in the morning. Make Make your And for every parent out"}, {"start": "00:44:52", "end": "00:45:00", "text": "there who's watching, I'm going to look at the camera for this one. Woo. The holiday season's coming up. Um,"}, {"start": "00:45:00", "end": "00:45:06", "text": "Admiral McCraven's commencement speech was great, but if you get the book, it's a tiny little book. give it to your"}, {"start": "00:45:06", "end": "00:45:13", "text": "kids. It's like what? A couple rules for uh for living like a great life, right? Yeah. And it's very simple and it makes"}, {"start": "00:45:13", "end": "00:45:20", "text": "it very easy. But the make your bed component, which is the part I'll focus on here because there's a lot. I'm going to do a long form paper on this and I"}, {"start": "00:45:20", "end": "00:45:25", "text": "will publish it in sub I will post it in Substack. Um subscribe to Jordy Substack."}, {"start": "00:45:25", "end": "00:45:31", "text": "Subscribe. Thank you. I owe you a bagel, don't you? You you went out there. Subscribers are up. Everyone hit the"}, {"start": "00:45:31", "end": "00:45:38", "text": "button. It helps if you write a piece that gets millions. I know. that that did you just call it good timing so I get a"}, {"start": "00:45:38", "end": "00:45:44", "text": "little bit of credit. All right. Um the whole point of his speech to make it simplified was"}, {"start": "00:45:44", "end": "00:45:50", "text": "every day you get up some days are good, some days are bad. To start your day,"}, {"start": "00:45:50", "end": "00:45:56", "text": "make your bed. No matter how bad your day is, no matter how hung over you are, no matter how sick you feel from your"}, {"start": "00:45:56", "end": "00:46:01", "text": "bad Chipotle, make your bed. Get up, make your bed to start your day off."}, {"start": "00:46:01", "end": "00:46:08", "text": "Everyone needs to do the same thing with artificial intelligence. If you want your kids to be able to embrace and not"}, {"start": "00:46:08", "end": "00:46:13", "text": "be fearful, which is all this takes, you have to use AI. AI is the gateway to"}, {"start": "00:46:13", "end": "00:46:18", "text": "entrepreneurship. You and I both I think where we connect is on entrepreneurship."}, {"start": "00:46:18", "end": "00:46:24", "text": "And everything that he wrote in that book from a Navy Seal to entrepreneurs,"}, {"start": "00:46:24", "end": "00:46:29", "text": "it all is the same thing. Accept the failure and then get up and go do it again. Mhm."}, {"start": "00:46:29", "end": "00:46:36", "text": "All of these points of never giving up. He mentions all of them and there's 10 like points in there that are very very"}, {"start": "00:46:36", "end": "00:46:42", "text": "important in today's world. The parents of the world my age and older, we got a"}, {"start": "00:46:42", "end": "00:46:49", "text": "job and we assumed when we got that job we'd be at that company for 10, 20 years. We'd have a pension fund. We retire at it. Okay, that stopped a long"}, {"start": "00:46:49", "end": "00:46:55", "text": "time ago. But for today's kids, they have to take two, three jobs. They may have to take a job at the company that"}, {"start": "00:46:55", "end": "00:47:00", "text": "goes out of business 6 months later. They got to look for another job. they may end up in a dead-end situation. I"}, {"start": "00:47:00", "end": "00:47:08", "text": "say this all the time. If you joined a big company and you're not happy, stay in that job. Start making your bed and"}, {"start": "00:47:08", "end": "00:47:14", "text": "doing AI every day for 5 minutes a day and then the next week 10 minutes a day and then the next week 15 minutes a day."}, {"start": "00:47:14", "end": "00:47:19", "text": "Look on YouTube. Go look for things. I'm going to try to make it easier for people because it is just something that"}, {"start": "00:47:19", "end": "00:47:25", "text": "is a lifestyle change. And once you make the lifestyle change to be an entrepreneur and you embrace AI, you"}, {"start": "00:47:25", "end": "00:47:31", "text": "have empowerment. And empowerment is something that's important. I spoke with someone yesterday. I mentioned to you"}, {"start": "00:47:31", "end": "00:47:37", "text": "before the show, um, a younger person, entrepreneur, but he asked me for my story, which we've never really talked"}, {"start": "00:47:37", "end": "00:47:42", "text": "about, but I am a natural introvert. I like to sit in a room and think. That's"}, {"start": "00:47:42", "end": "00:47:49", "text": "what I like to do. I like quiet. I like don't want to manage people. I don't want to be around people that much. And"}, {"start": "00:47:49", "end": "00:47:56", "text": "when I got to Morgan Stanley, it was very hard for me to feel special right now. Yeah, I like you. I like Matt, too. I"}, {"start": "00:47:56", "end": "00:48:02", "text": "like Erica. It's great. It's a whole audience of people I like. Makes me feel good. I could stay here all day. Um,"}, {"start": "00:48:02", "end": "00:48:09", "text": "when I got to Morgan Stanley, I had to do something to get that out of me. And what actually changed for me is once I"}, {"start": "00:48:09", "end": "00:48:15", "text": "built the confidence up by realizing just because I didn't go to the best school, that didn't mean I wasn't as"}, {"start": "00:48:15", "end": "00:48:20", "text": "smart as everyone. just because I didn't have the training and I wasn't as prepared as they were coming out of"}, {"start": "00:48:20", "end": "00:48:26", "text": "college for the job that if I put in the work and I learned on my own time and I spent the time that good things would"}, {"start": "00:48:26", "end": "00:48:31", "text": "happen and that empowerment comes from that feeling and that confidence you gain through actually accomplishing"}, {"start": "00:48:31", "end": "00:48:37", "text": "things. So if you go back to the make your bed argument and since you're a military person since you can relate to"}, {"start": "00:48:37", "end": "00:48:43", "text": "someone who stands on stage and simplifies it to make your bed everything good starts with making your"}, {"start": "00:48:43", "end": "00:48:48", "text": "bed. That's what it is. So, I just don't talk about my kids, but I got a young"}, {"start": "00:48:48", "end": "00:48:54", "text": "son and uh you know, little boys, they fall over a lot. A lot."}, {"start": "00:48:54", "end": "00:49:01", "text": "Some big boys do, too. Yeah. And so, uh over the last couple of weeks, I've been telling him, \"When you"}, {"start": "00:49:01", "end": "00:49:07", "text": "fall over, you get back up. When you fall down, you get back up.\" And it's got to the point now where he"}, {"start": "00:49:07", "end": "00:49:13", "text": "understands that. And so, when he falls, he will say, \"Fall.\" And then he will very happily get back up and show me he"}, {"start": "00:49:13", "end": "00:49:18", "text": "got back up. And then sometimes he'll just come in the room and he will literally say to me fall and he'll throw"}, {"start": "00:49:18", "end": "00:49:26", "text": "himself on the ground to get back up to show me that he's learned this. And so we were watching football last weekend and every time someone got tackled. He"}, {"start": "00:49:26", "end": "00:49:31", "text": "would point to the TV and he would yell fall and then when they would get back up he would start clapping and I"}, {"start": "00:49:31", "end": "00:49:36", "text": "realized I was like, \"Oh my god, you can program the child to understand get back up.\""}, {"start": "00:49:36", "end": "00:49:43", "text": "And I think it's very similar to this whole idea of like make your AI bed is especially for parents, right? If if"}, {"start": "00:49:43", "end": "00:49:49", "text": "you're in your 20s, like you got personal responsibility. You got to do it for yourself. No one's coming to save you. No one's going to come tell you to do this all stuff. But if you're a"}, {"start": "00:49:49", "end": "00:49:55", "text": "parent, you actually don't need to spend that much time. But if you can instill in your kid to use these tools, it will"}, {"start": "00:49:55", "end": "00:50:01", "text": "completely change their life. And it's probably one of the best things you can do for their professional outlook. It"}, {"start": "00:50:01", "end": "00:50:07", "text": "used to be, hey, put them in the right school, put them in these things. The schools aren't teaching them this stuff, right? And so as a parent, it is the"}, {"start": "00:50:07", "end": "00:50:12", "text": "inspiration and the accountability that if you can get the kid to start to use the tools, you'll be shocked because"}, {"start": "00:50:12", "end": "00:50:21", "text": "soon they're going to be teaching you as the parent how to use the tools. Yeah. And what to do? Again, even more than just the tool,"}, {"start": "00:50:21", "end": "00:50:29", "text": "as someone who's curious and likes to learn. So I I I came back from Maine yesterday. Uh and I'm I'm in my Alan Mus"}, {"start": "00:50:29", "end": "00:50:35", "text": "Tesla. Uh I'm not biased towards the company. All right. Um it's a 5 and a"}, {"start": "00:50:35", "end": "00:50:43", "text": "half hour drive by the time I charge and and park. Four of those hours were spent with me brainstorming with chat GPT."}, {"start": "00:50:43", "end": "00:50:50", "text": "Four hours of the ride. So if you can imagine starting a conversation and it started with Milton Freeman. It"}, {"start": "00:50:50", "end": "00:50:57", "text": "started it migrated into the movie Goodwill Hunting. And I won't go through why, but I'm chatting with something"}, {"start": "00:50:57", "end": "00:51:04", "text": "that has and it doesn't the verbal voice mode does not have 160 IQ, but it has a"}, {"start": "00:51:04", "end": "00:51:10", "text": "really high IQ. And so if you imagine going out to dinner and being able to meet with the person that you want to"}, {"start": "00:51:10", "end": "00:51:17", "text": "meet with to ask them questions, you said to me when we decided to do this, your northstar was just speaking"}, {"start": "00:51:17", "end": "00:51:22", "text": "with smart people. That means you're trying to learn from other people, which"}, {"start": "00:51:22", "end": "00:51:29", "text": "is a great quality to have. Chad GPT is a way to learn about everything. And as a parent in particular, you everyone"}, {"start": "00:51:29", "end": "00:51:35", "text": "cares about their kids' future. They need to be using artificial intelligence yesterday and they need to be using it"}, {"start": "00:51:35", "end": "00:51:41", "text": "every single day. And even if it's just talking about current events, big stories that have happened, and you're"}, {"start": "00:51:41", "end": "00:51:46", "text": "doing it on voice mode as a family, it will change their life forever. And there's no better time to start than"}, {"start": "00:51:46", "end": "00:51:52", "text": "this morning. My wife hates when I walk around talking on the voice mode because I don't want to put in headphones. Uh"}, {"start": "00:51:52", "end": "00:51:57", "text": "but it is amazing and uh you I mean you can very quickly go down these rabbit"}, {"start": "00:51:57", "end": "00:52:02", "text": "holes, but uh to your point, you're talking to a smart friend, but also um"}, {"start": "00:52:02", "end": "00:52:07", "text": "superhuman intelligence. It starts to make connections and bring up things that you would never think to even ask"}, {"start": "00:52:07", "end": "00:52:13", "text": "it about. And so, um I think it's very, uh very valuable. Where can we send people to uh to subscribe now that you"}, {"start": "00:52:13", "end": "00:52:21", "text": "have so many subscribers on Substack? Where where can more people go to subscribe? YouTube is a place where I'm I I think"}, {"start": "00:52:21", "end": "00:52:28", "text": "people should subscribe if for no other reason. That is where they can see what I'm doing on AI. They can send their"}, {"start": "00:52:28", "end": "00:52:34", "text": "kids there. Um I do take pride in the fact that I try to use analogies and simplify things on very complicated"}, {"start": "00:52:34", "end": "00:52:40", "text": "topics in a way. Uh it is it is 45 minutes of a lot of information, 100"}, {"start": "00:52:40", "end": "00:52:46", "text": "plus slides usually, but it goes very fast. And if they go there and they subscribe and they come each week, I"}, {"start": "00:52:46", "end": "00:52:52", "text": "guarantee them they will learn about macroeconomics, they'll be up todate on AI. I will show them which podcast that"}, {"start": "00:52:52", "end": "00:52:58", "text": "I listen to so that they can gather similar information. And then finally, I"}, {"start": "00:52:58", "end": "00:53:05", "text": "do spend a lot of time connecting it back to crypto. Crypto is not a speculative asset. It is the future of"}, {"start": "00:53:05", "end": "00:53:12", "text": "capital. I I don't know how to say it to people. It really will displace all of the capital markets. I'm a big believer"}, {"start": "00:53:12", "end": "00:53:17", "text": "in that. and we're in the very early stages of it and the tokenization part that starts next year is going to be a"}, {"start": "00:53:17", "end": "00:53:23", "text": "major force just like stable coins were this year and everything will be looking more up as we get into next year. I love"}, {"start": "00:53:23", "end": "00:53:29", "text": "it. Thank you so much for doing this. Please go subscribe to a Substack. Go subscribe to YouTube. I watch every video so I appreciate you putting it"}, {"start": "00:53:29", "end": "00:53:34", "text": "together. I feel like I get like the uh uh appetizer that we publish on Saturday"}, {"start": "00:53:34", "end": "00:53:42", "text": "and then I get the main course on Sunday which is uh which is always good. So, thank you so much and we'll do it again next week."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "stable coins are usurping part of the"}, {"start": "00:00:03", "end": "00:00:05", "text": "role that we thought uh bitcoin would"}, {"start": "00:00:05", "end": "00:00:07", "text": "play. So our bullish forecast out there"}, {"start": "00:00:07", "end": "00:00:11", "text": "is 1.5 million uh by 2030. Uh given"}, {"start": "00:00:11", "end": "00:00:14", "text": "what's happening to stable coins uh"}, {"start": "00:00:14", "end": "00:00:16", "text": "which are serving emerging markets in a"}, {"start": "00:00:16", "end": "00:00:19", "text": "way that we thought Bitcoin would um uh"}, {"start": "00:00:19", "end": "00:00:22", "text": "I think we could take maybe $300,000 off"}, {"start": "00:00:22", "end": "00:00:24", "text": "of that bullish case just just for"}, {"start": "00:00:24", "end": "00:00:28", "text": "stable coins. So uh watch that space."}, {"start": "00:00:28", "end": "00:00:31", "text": "Stable coins are um are scaling here I"}, {"start": "00:00:31", "end": "00:00:33", "text": "think much faster than anyone would have"}, {"start": "00:00:33", "end": "00:00:35", "text": "expected."}, {"start": "00:00:35", "end": "00:00:37", "text": "Longtime bull bit Bitcoin bull Kathy"}, {"start": "00:00:37", "end": "00:00:41", "text": "Wood uh on Squawkbox yesterday"}, {"start": "00:00:41", "end": "00:00:43", "text": "changing her tune a bit. It says here"}, {"start": "00:00:43", "end": "00:00:44", "text": "it's been a volatile week for crypto."}, {"start": "00:00:44", "end": "00:00:46", "text": "Joining us now Anthony Pompiano, founder"}, {"start": "00:00:46", "end": "00:00:48", "text": "and CEO of Professional Capital"}, {"start": "00:00:48", "end": "00:00:49", "text": "Management. I I thought the whole"}, {"start": "00:00:49", "end": "00:00:51", "text": "exercise was just kind of silly to have"}, {"start": "00:00:51", "end": "00:00:54", "text": "a it's at 100,000. So you got a price"}, {"start": "00:00:54", "end": "00:00:57", "text": "target of 1.5 million. Okay. Okay, so"}, {"start": "00:00:57", "end": "00:00:59", "text": "that's 15 times. You're starting at 15"}, {"start": "00:00:59", "end": "00:01:02", "text": "times as if you can make a forecast like"}, {"start": "00:01:02", "end": "00:01:04", "text": "that with any degree of of certainty or"}, {"start": "00:01:04", "end": "00:01:07", "text": "accuracy and then your your resolution"}, {"start": "00:01:07", "end": "00:01:10", "text": "on the whole idea is so fine with"}, {"start": "00:01:10", "end": "00:01:11", "text": "because of what you're calculating. You"}, {"start": "00:01:11", "end": "00:01:14", "text": "can cut 300,000 off and then it's going"}, {"start": "00:01:14", "end": "00:01:16", "text": "only going up 12 times. I the whole"}, {"start": "00:01:16", "end": "00:01:18", "text": "thing just seems silly. I don't know why"}, {"start": "00:01:18", "end": "00:01:20", "text": "we we really ran it there, but uh we are"}, {"start": "00:01:20", "end": "00:01:22", "text": "at 100,000. Do you think it goes below"}, {"start": "00:01:22", "end": "00:01:24", "text": "significantly or this is another we've"}, {"start": "00:01:24", "end": "00:01:26", "text": "seen this movie before? Yeah, look, I"}, {"start": "00:01:26", "end": "00:01:28", "text": "think that there's a um uh a reckoning"}, {"start": "00:01:28", "end": "00:01:30", "text": "that's happening across both crypto and"}, {"start": "00:01:30", "end": "00:01:31", "text": "Wall Street, which is the Wall Street"}, {"start": "00:01:31", "end": "00:01:32", "text": "folks are realizing that Bitcoin is real"}, {"start": "00:01:32", "end": "00:01:34", "text": "and it's going to be here uh to stay. At"}, {"start": "00:01:34", "end": "00:01:36", "text": "the same time, the crypto people are"}, {"start": "00:01:36", "end": "00:01:38", "text": "realizing that Wall Street plays a very"}, {"start": "00:01:38", "end": "00:01:39", "text": "different game. Wall Street actually"}, {"start": "00:01:39", "end": "00:01:41", "text": "does not want an asset that goes up, you"}, {"start": "00:01:41", "end": "00:01:44", "text": "know, 100x and then drops 80% every 3 to"}, {"start": "00:01:44", "end": "00:01:45", "text": "four years. They want something that is"}, {"start": "00:01:45", "end": "00:01:46", "text": "much more predictable, much more stable."}, {"start": "00:01:46", "end": "00:01:47", "text": "And so,"}, {"start": "00:01:47", "end": "00:01:48", "text": "why' they get so involved with it?"}, {"start": "00:01:48", "end": "00:01:49", "text": "Because that's"}, {"start": "00:01:49", "end": "00:01:51", "text": "Well, because Bitcoin is not as risky"}, {"start": "00:01:51", "end": "00:01:52", "text": "today as it used to be, right? If you"}, {"start": "00:01:52", "end": "00:01:54", "text": "were buying Bitcoin in 2012,"}, {"start": "00:01:54", "end": "00:01:57", "text": "125, was it 125 about a month ago?"}, {"start": "00:01:57", "end": "00:01:59", "text": "Of course, but if you think about uh the"}, {"start": "00:01:59", "end": "00:02:01", "text": "risk you take, you should get paid for."}, {"start": "00:02:01", "end": "00:02:02", "text": "And so, right now, Bitcoin is much less"}, {"start": "00:02:02", "end": "00:02:04", "text": "risky today than it was a decade ago."}, {"start": "00:02:04", "end": "00:02:06", "text": "And so, people are going to get a lower"}, {"start": "00:02:06", "end": "00:02:07", "text": "return. Now, what I think is really"}, {"start": "00:02:07", "end": "00:02:10", "text": "interesting is uh also that lower"}, {"start": "00:02:10", "end": "00:02:11", "text": "volatility in Bitcoin is allowing these"}, {"start": "00:02:11", "end": "00:02:13", "text": "large pools of capital to come in and"}, {"start": "00:02:13", "end": "00:02:15", "text": "start playing. And so, in a weird way,"}, {"start": "00:02:15", "end": "00:02:17", "text": "the volatility coming down is opening up"}, {"start": "00:02:17", "end": "00:02:19", "text": "the total addressable market of Bitcoin."}, {"start": "00:02:19", "end": "00:02:21", "text": "And what we have seen is less volatility"}, {"start": "00:02:21", "end": "00:02:23", "text": "to the upside, but it likely also means"}, {"start": "00:02:23", "end": "00:02:24", "text": "less volatility to the downside. Usually"}, {"start": "00:02:24", "end": "00:02:26", "text": "in bull markets, you see, you know,"}, {"start": "00:02:26", "end": "00:02:28", "text": "four, five, six different 30 plus% draw"}, {"start": "00:02:28", "end": "00:02:30", "text": "downs. We haven't seen that during this"}, {"start": "00:02:30", "end": "00:02:31", "text": "bull market and so you're just getting"}, {"start": "00:02:31", "end": "00:02:33", "text": "dampening of volatility over time, which"}, {"start": "00:02:33", "end": "00:02:35", "text": "frankly is boring to a lot of the early"}, {"start": "00:02:35", "end": "00:02:37", "text": "investors and I think that's why you see"}, {"start": "00:02:37", "end": "00:02:38", "text": "a lot of those guys starting to sell. if"}, {"start": "00:02:38", "end": "00:02:40", "text": "you don't take her price targets into"}, {"start": "00:02:40", "end": "00:02:42", "text": "account, the point she was making uh I"}, {"start": "00:02:42", "end": "00:02:44", "text": "thought was interesting and that is that"}, {"start": "00:02:44", "end": "00:02:47", "text": "maybe the the notion that that Bitcoin"}, {"start": "00:02:47", "end": "00:02:49", "text": "becomes more than than just a store of"}, {"start": "00:02:49", "end": "00:02:51", "text": "value in digital gold. The idea that it"}, {"start": "00:02:51", "end": "00:02:53", "text": "eventually becomes something for"}, {"start": "00:02:53", "end": "00:02:55", "text": "crossber transactions and in"}, {"start": "00:02:55", "end": "00:02:57", "text": "instantaneous payment that could be st"}, {"start": "00:02:57", "end": "00:02:59", "text": "she's basically saying stablecoin could"}, {"start": "00:02:59", "end": "00:03:01", "text": "take a lot of that market share."}, {"start": "00:03:01", "end": "00:03:03", "text": "I I would go even further. I think it's"}, {"start": "00:03:03", "end": "00:03:04", "text": "already taking that right. I think"}, {"start": "00:03:04", "end": "00:03:06", "text": "that's kind of her point. So, Bitcoin is"}, {"start": "00:03:06", "end": "00:03:07", "text": "never going to be anything other than"}, {"start": "00:03:07", "end": "00:03:08", "text": "than digital gold."}, {"start": "00:03:08", "end": "00:03:09", "text": "For for years, I think I've been coming"}, {"start": "00:03:09", "end": "00:03:10", "text": "on here and saying, \"Hey, we know for"}, {"start": "00:03:10", "end": "00:03:12", "text": "sure that people want to use it as a"}, {"start": "00:03:12", "end": "00:03:13", "text": "store of value.\" Maybe one day it'll"}, {"start": "00:03:13", "end": "00:03:14", "text": "become a medium of exchange. You know,"}, {"start": "00:03:14", "end": "00:03:15", "text": "the question of always like, are you"}, {"start": "00:03:15", "end": "00:03:17", "text": "going to buy your coffee with it? The"}, {"start": "00:03:17", "end": "00:03:18", "text": "hard part about using Bitcoin for"}, {"start": "00:03:18", "end": "00:03:20", "text": "transactions in that manner is if you"}, {"start": "00:03:20", "end": "00:03:22", "text": "think Bitcoin is going to appreciate,"}, {"start": "00:03:22", "end": "00:03:23", "text": "you don't want to spend an asset that is"}, {"start": "00:03:23", "end": "00:03:24", "text": "likely to appreciate in the future."}, {"start": "00:03:24", "end": "00:03:26", "text": "The guys that bought the pizza that now"}, {"start": "00:03:26", "end": "00:03:27", "text": "correct"}, {"start": "00:03:27", "end": "00:03:28", "text": "and so instead, what do you do? You"}, {"start": "00:03:28", "end": "00:03:29", "text": "spend something that you think is going"}, {"start": "00:03:29", "end": "00:03:31", "text": "to depreciate over time, which is the US"}, {"start": "00:03:31", "end": "00:03:33", "text": "dollar. And so the rise of stable coins,"}, {"start": "00:03:33", "end": "00:03:35", "text": "I think, is really just taking the exact"}, {"start": "00:03:35", "end": "00:03:37", "text": "same asset. It's the US dollar with the"}, {"start": "00:03:37", "end": "00:03:39", "text": "same monetary policy. You're putting it"}, {"start": "00:03:39", "end": "00:03:40", "text": "on new rails. And what we're finding is"}, {"start": "00:03:40", "end": "00:03:43", "text": "that the demand for dollars was way"}, {"start": "00:03:43", "end": "00:03:44", "text": "higher than we ever thought before. And"}, {"start": "00:03:44", "end": "00:03:45", "text": "I think that's a good thing for the"}, {"start": "00:03:45", "end": "00:03:48", "text": "United States and uh for the US dollar."}, {"start": "00:03:48", "end": "00:03:49", "text": "A lot of times gold though is is"}, {"start": "00:03:49", "end": "00:03:52", "text": "non-correlated with risk assets. In"}, {"start": "00:03:52", "end": "00:03:54", "text": "fact, sometimes it's, you know,"}, {"start": "00:03:54", "end": "00:03:55", "text": "sometimes it's it's a place where you"}, {"start": "00:03:55", "end": "00:03:57", "text": "can park during times of turbulence in"}, {"start": "00:03:57", "end": "00:03:59", "text": "the stock market. You might like gold or"}, {"start": "00:03:59", "end": "00:04:02", "text": "or or treasures or something like that."}, {"start": "00:04:02", "end": "00:04:05", "text": "Bitcoin is still like trading like a uh"}, {"start": "00:04:05", "end": "00:04:08", "text": "a NASDAQ stock, you know, on steroids at"}, {"start": "00:04:08", "end": "00:04:10", "text": "times. At times,"}, {"start": "00:04:10", "end": "00:04:10", "text": "when does that change?"}, {"start": "00:04:10", "end": "00:04:11", "text": "Well, here's what's interesting is at"}, {"start": "00:04:11", "end": "00:04:13", "text": "times it trades, you know, right in line"}, {"start": "00:04:13", "end": "00:04:15", "text": "with NASDAQ. Other times it's not. I"}, {"start": "00:04:15", "end": "00:04:17", "text": "mean, earlier a couple weeks ago, NASDAQ"}, {"start": "00:04:17", "end": "00:04:18", "text": "was running and Bitcoin was going"}, {"start": "00:04:18", "end": "00:04:19", "text": "sideways, right? And so, I think that"}, {"start": "00:04:19", "end": "00:04:20", "text": "what people are really trying to figure"}, {"start": "00:04:20", "end": "00:04:22", "text": "out is is it correlated? Is it"}, {"start": "00:04:22", "end": "00:04:24", "text": "non-correlated? Is it inversely"}, {"start": "00:04:24", "end": "00:04:26", "text": "correlated? And part of it is that"}, {"start": "00:04:26", "end": "00:04:28", "text": "Bitcoin is still in this transition"}, {"start": "00:04:28", "end": "00:04:29", "text": "period. You know, uh my friend Jordi"}, {"start": "00:04:29", "end": "00:04:31", "text": "Visser's got this uh great way of"}, {"start": "00:04:31", "end": "00:04:32", "text": "framing it. He says Bitcoin is having"}, {"start": "00:04:32", "end": "00:04:34", "text": "its IPO moment. And the whole idea is"}, {"start": "00:04:34", "end": "00:04:36", "text": "that you have the early holders of"}, {"start": "00:04:36", "end": "00:04:37", "text": "Bitcoin who are dispersing that Bitcoin"}, {"start": "00:04:37", "end": "00:04:40", "text": "into the market. And there has been"}, {"start": "00:04:40", "end": "00:04:41", "text": "billions and billions of billions of"}, {"start": "00:04:41", "end": "00:04:43", "text": "dollars of sales of Bitcoin coming from"}, {"start": "00:04:43", "end": "00:04:45", "text": "those early holders. Yet, the Bitcoin"}, {"start": "00:04:45", "end": "00:04:47", "text": "price is still at $100,000. And so there"}, {"start": "00:04:47", "end": "00:04:49", "text": "is this persistent bid coming from the"}, {"start": "00:04:49", "end": "00:04:51", "text": "traditional financial system saying we"}, {"start": "00:04:51", "end": "00:04:53", "text": "want to buy the Bitcoin and we're happy"}, {"start": "00:04:53", "end": "00:04:54", "text": "to take it out of the hands of those"}, {"start": "00:04:54", "end": "00:04:55", "text": "early holders."}, {"start": "00:04:55", "end": "00:04:59", "text": "Do you think that the um possibility of"}, {"start": "00:04:59", "end": "00:05:03", "text": "Bitcoin becoming basically worthless has"}, {"start": "00:05:03", "end": "00:05:05", "text": "been taken off the table at this point?"}, {"start": "00:05:05", "end": "00:05:10", "text": "And if not, what would it mean to the"}, {"start": "00:05:10", "end": "00:05:12", "text": "the financial system in this country to"}, {"start": "00:05:12", "end": "00:05:17", "text": "the the treasury uh market to I mean"}, {"start": "00:05:17", "end": "00:05:19", "text": "you've got institutional buyers, you've"}, {"start": "00:05:19", "end": "00:05:21", "text": "got governments, you've got sovereigns,"}, {"start": "00:05:21", "end": "00:05:23", "text": "you've got people buying. If it went to"}, {"start": "00:05:23", "end": "00:05:25", "text": "zero, that would be a"}, {"start": "00:05:25", "end": "00:05:28", "text": "that'd be a real issue, would it not?"}, {"start": "00:05:28", "end": "00:05:30", "text": "Look, there's always some, you know, uh"}, {"start": "00:05:30", "end": "00:05:31", "text": "uh person who's going to point out the"}, {"start": "00:05:31", "end": "00:05:34", "text": "kind of 0.001% 0 oh 1% chance of uh"}, {"start": "00:05:34", "end": "00:05:36", "text": "software computing, you know, quantum"}, {"start": "00:05:36", "end": "00:05:37", "text": "computer, whatever, right? But I think"}, {"start": "00:05:37", "end": "00:05:39", "text": "for most people, they see Bitcoin as uh"}, {"start": "00:05:39", "end": "00:05:42", "text": "not going away. It's here to stay. And I"}, {"start": "00:05:42", "end": "00:05:43", "text": "think that's why you see these large"}, {"start": "00:05:43", "end": "00:05:44", "text": "pools of capital starting to"}, {"start": "00:05:44", "end": "00:05:45", "text": "people that think it's going to zero"}, {"start": "00:05:45", "end": "00:05:47", "text": "never short it."}, {"start": "00:05:47", "end": "00:05:47", "text": "Listen,"}, {"start": "00:05:47", "end": "00:05:48", "text": "I would short it if I thought it was"}, {"start": "00:05:48", "end": "00:05:49", "text": "going to zero."}, {"start": "00:05:49", "end": "00:05:50", "text": "The market is the referee. If people"}, {"start": "00:05:50", "end": "00:05:51", "text": "have for some reason think it's going to"}, {"start": "00:05:51", "end": "00:05:52", "text": "zero,"}, {"start": "00:05:52", "end": "00:05:53", "text": "that's that's a luxury belief. That's"}, {"start": "00:05:53", "end": "00:05:55", "text": "what I call it because nothing can"}, {"start": "00:05:55", "end": "00:05:57", "text": "happen. You can believe it. Henry"}, {"start": "00:05:57", "end": "00:05:58", "text": "Blahett still thinks it's going to zero."}, {"start": "00:05:58", "end": "00:05:59", "text": "It's either going to a million or to"}, {"start": "00:05:59", "end": "00:06:01", "text": "zero. It's a luxury belief. you can have"}, {"start": "00:06:01", "end": "00:06:02", "text": "it and no one's ever going to call you"}, {"start": "00:06:02", "end": "00:06:04", "text": "out on it, but you're never going to"}, {"start": "00:06:04", "end": "00:06:06", "text": "short it because you don't you don't"}, {"start": "00:06:06", "end": "00:06:07", "text": "ever put any money down."}, {"start": "00:06:07", "end": "00:06:09", "text": "I I do think that there is a uh a theme"}, {"start": "00:06:09", "end": "00:06:10", "text": "that is happening right now that people"}, {"start": "00:06:10", "end": "00:06:11", "text": "have not yet wrapped their head around,"}, {"start": "00:06:11", "end": "00:06:14", "text": "which is this whole idea of uh crypto is"}, {"start": "00:06:14", "end": "00:06:15", "text": "going to be dead in the decade, right?"}, {"start": "00:06:15", "end": "00:06:16", "text": "People are not going to be talking about"}, {"start": "00:06:16", "end": "00:06:17", "text": "crypto. We're just going to talk about"}, {"start": "00:06:17", "end": "00:06:19", "text": "finance. Everything is now merging"}, {"start": "00:06:19", "end": "00:06:21", "text": "together. You have the crypto world and"}, {"start": "00:06:21", "end": "00:06:22", "text": "you've got the traditional financial"}, {"start": "00:06:22", "end": "00:06:22", "text": "world."}, {"start": "00:06:22", "end": "00:06:26", "text": "Crypto will be just so intertwined with"}, {"start": "00:06:26", "end": "00:06:27", "text": "the financial word world that we won't"}, {"start": "00:06:27", "end": "00:06:29", "text": "even use the term. We we used to think"}, {"start": "00:06:29", "end": "00:06:31", "text": "about the internet like internet finance"}, {"start": "00:06:31", "end": "00:06:33", "text": "and then there was the finance industry."}, {"start": "00:06:33", "end": "00:06:34", "text": "Now it's just finance. Same thing is"}, {"start": "00:06:34", "end": "00:06:35", "text": "going to happen with crypto, right? You"}, {"start": "00:06:35", "end": "00:06:37", "text": "know Black Rockck as an example. Black"}, {"start": "00:06:37", "end": "00:06:39", "text": "Rockck could be described as a crypto"}, {"start": "00:06:39", "end": "00:06:40", "text": "company. Their most profitable product"}, {"start": "00:06:40", "end": "00:06:42", "text": "is their Bitcoin product. They're"}, {"start": "00:06:42", "end": "00:06:43", "text": "talking about tokenization all the time."}, {"start": "00:06:43", "end": "00:06:45", "text": "Like they are trying to adopt these new"}, {"start": "00:06:45", "end": "00:06:47", "text": "technologies. All of the big asset"}, {"start": "00:06:47", "end": "00:06:48", "text": "managers. They're trying to figure out"}, {"start": "00:06:48", "end": "00:06:50", "text": "how do we play here? Do we actually have"}, {"start": "00:06:50", "end": "00:06:51", "text": "funds that invest in this space? Do we"}, {"start": "00:06:51", "end": "00:06:53", "text": "tokenize our funds? What do we do? And"}, {"start": "00:06:53", "end": "00:06:56", "text": "so over the next decade or so, crypto as"}, {"start": "00:06:56", "end": "00:06:57", "text": "a concept is going to be dead. and"}, {"start": "00:06:57", "end": "00:06:58", "text": "you're just going to hear people talk"}, {"start": "00:06:58", "end": "00:07:00", "text": "about finance. Um, and I think that's a"}, {"start": "00:07:00", "end": "00:07:02", "text": "good thing. That's the maturation of the"}, {"start": "00:07:02", "end": "00:07:04", "text": "industry."}, {"start": "00:07:04", "end": "00:07:07", "text": "How long did the people point out that I"}, {"start": "00:07:07", "end": "00:07:09", "text": "guess how long was were tulip bulbs a"}, {"start": "00:07:09", "end": "00:07:11", "text": "thing? They were for for years and years"}, {"start": "00:07:11", "end": "00:07:13", "text": "and years. Not I don't think 20 years"}, {"start": "00:07:13", "end": "00:07:14", "text": "though, was it?"}, {"start": "00:07:14", "end": "00:07:17", "text": "Look, I think that what people uh forget"}, {"start": "00:07:17", "end": "00:07:18", "text": "sometimes is how quickly everything is"}, {"start": "00:07:18", "end": "00:07:20", "text": "accelerating now. You know, one of the"}, {"start": "00:07:20", "end": "00:07:21", "text": "things that u we've done is we've"}, {"start": "00:07:21", "end": "00:07:23", "text": "launched a a software product called"}, {"start": "00:07:23", "end": "00:07:24", "text": "Sylvia that allows somebody to come in"}, {"start": "00:07:24", "end": "00:07:26", "text": "and they can attach their bank account,"}, {"start": "00:07:26", "end": "00:07:27", "text": "their brokerage account, their crypto"}, {"start": "00:07:27", "end": "00:07:28", "text": "account. They can upload their real"}, {"start": "00:07:28", "end": "00:07:30", "text": "estate, their private investments, their"}, {"start": "00:07:30", "end": "00:07:32", "text": "credit cards, all this stuff. And the AI"}, {"start": "00:07:32", "end": "00:07:34", "text": "goes to work and starts to immediately"}, {"start": "00:07:34", "end": "00:07:36", "text": "begin uh helping them get their"}, {"start": "00:07:36", "end": "00:07:37", "text": "financial life in better order, right?"}, {"start": "00:07:37", "end": "00:07:39", "text": "It's kind of uh help you grow your"}, {"start": "00:07:39", "end": "00:07:41", "text": "investment portfolio. And the reason why"}, {"start": "00:07:41", "end": "00:07:43", "text": "that's important is because now all of a"}, {"start": "00:07:43", "end": "00:07:44", "text": "sudden software can replace financial"}, {"start": "00:07:44", "end": "00:07:47", "text": "adviserss or uh your stock brokers. And"}, {"start": "00:07:47", "end": "00:07:49", "text": "so we think that the same way that AI is"}, {"start": "00:07:49", "end": "00:07:50", "text": "attacking things in personal finance"}, {"start": "00:07:50", "end": "00:07:52", "text": "with a product like Sylvia, we also"}, {"start": "00:07:52", "end": "00:07:54", "text": "think that the same thing is happening,"}, {"start": "00:07:54", "end": "00:07:56", "text": "Bitcoin is attacking store of value, we"}, {"start": "00:07:56", "end": "00:07:58", "text": "think stable coins are attacking uh"}, {"start": "00:07:58", "end": "00:07:59", "text": "medium of exchange. We think"}, {"start": "00:07:59", "end": "00:08:01", "text": "tokenization is going to attack the"}, {"start": "00:08:01", "end": "00:08:03", "text": "stock market. It is the digitization and"}, {"start": "00:08:03", "end": "00:08:04", "text": "the framework I've been talking about"}, {"start": "00:08:04", "end": "00:08:08", "text": "since 2018 2017 is we had an analog"}, {"start": "00:08:08", "end": "00:08:10", "text": "financial system. We then upgraded it to"}, {"start": "00:08:10", "end": "00:08:12", "text": "an electronic QIP system. So you used to"}, {"start": "00:08:12", "end": "00:08:13", "text": "have a physical stock certificate, a"}, {"start": "00:08:13", "end": "00:08:15", "text": "physical deed in your home, etc. It all"}, {"start": "00:08:15", "end": "00:08:17", "text": "became electronic. Now we are going from"}, {"start": "00:08:17", "end": "00:08:19", "text": "the electronic cusive to this digital"}, {"start": "00:08:19", "end": "00:08:21", "text": "world. It's the same assets. It's the"}, {"start": "00:08:21", "end": "00:08:23", "text": "same market structure. It is just now"}, {"start": "00:08:23", "end": "00:08:24", "text": "going to be in a different form factor."}, {"start": "00:08:24", "end": "00:08:25", "text": "And that allows all the software to get"}, {"start": "00:08:25", "end": "00:08:25", "text": "to"}, {"start": "00:08:25", "end": "00:08:27", "text": "and use a lot more energy."}, {"start": "00:08:27", "end": "00:08:29", "text": "It does need a lot more energy."}, {"start": "00:08:29", "end": "00:08:32", "text": "All right, Anthony. Thank you."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "So, I I think Bitcoin is setting up literally for a 50% move uh by the end"}, {"start": "00:00:06", "end": "00:00:13", "text": "of February. And so, we were at 98,000 today. A 50% move gets us to a little"}, {"start": "00:00:13", "end": "00:00:20", "text": "under 150 actually. Um I think we can hit 150 um in February. I think we can"}, {"start": "00:00:20", "end": "00:00:25", "text": "still hit 140 by the end of the year. What are the things that you'd have to see in the Bitcoin market that would"}, {"start": "00:00:25", "end": "00:00:31", "text": "make you change your mind? What's going on, guys? Today we got a great episode with Mel Madison. Mel is here to tell"}, {"start": "00:00:31", "end": "00:00:37", "text": "everyone in the Bitcoin community, calm down. Everything's going to be okay. Mel believes that Bitcoin is poised for a"}, {"start": "00:00:37", "end": "00:00:43", "text": "very big move up. He thinks that a base is building and he explains why. He also goes into many things that are uncertain"}, {"start": "00:00:43", "end": "00:00:49", "text": "in the market. Things like the Supreme Court decision around tariffs, trying to figure out when the government shutdown's going to end, who is going to"}, {"start": "00:00:49", "end": "00:00:55", "text": "lead the Fed next, and will they make a cut in December. All of that plays into it. We also talk about the stock market,"}, {"start": "00:00:55", "end": "00:01:00", "text": "whether AI is actually a sustainable trend, what he's seeing there in terms of bulls and bears. And then we even"}, {"start": "00:01:00", "end": "00:01:06", "text": "talk a little geopolitics and the China trade deal and whether the United States actually doing some sort of military"}, {"start": "00:01:06", "end": "00:01:11", "text": "action in Venezuela and what the impact would be on financial markets. Mel shares tons of great insights in this"}, {"start": "00:01:11", "end": "00:01:16", "text": "conversation. I'm excited for you guys to listen to it. Here's my latest conversation with Mel Madison. All right, Mel. I thought a great place to"}, {"start": "00:01:16", "end": "00:01:23", "text": "start this conversation is obviously investors are very worried about the uncertainty in the market. There's everything from the Supreme Court on"}, {"start": "00:01:23", "end": "00:01:28", "text": "tariffs. There's the government shutdown. There's a question of what the Fed's going to do in December. It feels"}, {"start": "00:01:28", "end": "00:01:33", "text": "like clarity is what everyone is seeking. How do you look at the clarity, the uncertainty, and then the recent"}, {"start": "00:01:33", "end": "00:01:38", "text": "market action that people are paying attention to? Definitely. So, I I think this is human"}, {"start": "00:01:38", "end": "00:01:46", "text": "nature 101. We have had stupendous moves off of the April lows and everybody is"}, {"start": "00:01:46", "end": "00:01:51", "text": "waiting for another shoe to drop, something bad to happen. And anytime"}, {"start": "00:01:51", "end": "00:01:57", "text": "there's something that is actually very normal, very healthy, like we talked about last time, seeing volatility in up"}, {"start": "00:01:57", "end": "00:02:03", "text": "markets where you get a 1 2% pullback and people immediately jump to, well,"}, {"start": "00:02:03", "end": "00:02:10", "text": "the top is in. So, just for context, from the new all-time highs in the S&P"}, {"start": "00:02:10", "end": "00:02:16", "text": "500 set last week at 69.20 to the low that we set this week, it was a 2.2%"}, {"start": "00:02:16", "end": "00:02:22", "text": "drop. So, we moved down 2.2%. When you go back to that big October 10th, Friday"}, {"start": "00:02:22", "end": "00:02:28", "text": "drop from there to that high was an almost 6% gain. So essentially we went"}, {"start": "00:02:28", "end": "00:02:36", "text": "up 6% in 2 weeks and then now we've pulled back 2% or roughly a third of that move. Very very normal stuff that"}, {"start": "00:02:36", "end": "00:02:43", "text": "you should expect to see and not just expect to see but want to see. One of the worst things that could happen is"}, {"start": "00:02:43", "end": "00:02:48", "text": "Bitcoin shoots up to 250,000 S&P to 8,000 in like a 3month period and you"}, {"start": "00:02:48", "end": "00:02:55", "text": "get this blowoff top and everybody rushes for the exits to take profits when it starts going down. And so we're"}, {"start": "00:02:55", "end": "00:03:01", "text": "having healthy rotations, healthy movements, and we're getting at some very interesting points in a lot of the"}, {"start": "00:03:01", "end": "00:03:06", "text": "channels that I look at on especially on Bitcoin, which I think might have put in"}, {"start": "00:03:06", "end": "00:03:13", "text": "um, you know, a a low for for this fourth quarter and is basically starting to base for what I think is going to be"}, {"start": "00:03:13", "end": "00:03:19", "text": "a really nice move over the next four to five months. Before we get more into Bitcoin, let's talk about some of these"}, {"start": "00:03:19", "end": "00:03:24", "text": "uncertainty moments. So government shutdown uh and maybe the Supreme Court decision around the tariffs. How do you"}, {"start": "00:03:24", "end": "00:03:31", "text": "see those two things playing into Bitcoin stocks and other asset prices? Yeah. So I I think given all of this"}, {"start": "00:03:31", "end": "00:03:39", "text": "uncertainty that we do have that I mean government shutdown, people not getting paychecks, uh literally the entire year"}, {"start": "00:03:39", "end": "00:03:45", "text": "has been this focus on tariffs and the Supreme Court by early indications."}, {"start": "00:03:45", "end": "00:03:52", "text": "It's a little bit of a crapshoot of whether or not they're going to keep this up under AIPA. Now that doesn't mean that Trump can't put tariffs in"}, {"start": "00:03:52", "end": "00:03:57", "text": "elsewhere, but that's going to interject a lot of uncertainty. You also had the"}, {"start": "00:03:57", "end": "00:04:03", "text": "uh Mandami election last night. You had um what else have we had? The future"}, {"start": "00:04:03", "end": "00:04:09", "text": "path of the Fed being put into doubt um in Powell's recent comments and some of the comments by the by other governors"}, {"start": "00:04:09", "end": "00:04:16", "text": "like Lisa Cook. So, you've got that whole soup of uncertainty out there um in the zeitgeist in the sentiment and"}, {"start": "00:04:16", "end": "00:04:22", "text": "still, you know, when you look at what the market has been doing, it's keeps"}, {"start": "00:04:22", "end": "00:04:27", "text": "chugging along. Bitcoin undoubtedly been a little disappointing, but again, I"}, {"start": "00:04:27", "end": "00:04:33", "text": "would go back to the crazy move that we had in the last two years. 2 years ago,"}, {"start": "00:04:33", "end": "00:04:39", "text": "Bitcoin was 35,000 a coin and a year later, it was 100,000 a coin. So, we we"}, {"start": "00:04:39", "end": "00:04:45", "text": "we went from 35,000 in the fall of 23 to after the Trump election, you know,"}, {"start": "00:04:45", "end": "00:04:52", "text": "cracking 100 for the first time um not long after after November and and it was in December or January, I believe. So"}, {"start": "00:04:52", "end": "00:04:59", "text": "when you have that move, uh, you know, consolidation is expected and that to me is all that we're seeing. And yet you"}, {"start": "00:04:59", "end": "00:05:06", "text": "have a lot of Cassanders out there ready to jump out there and say this is it. This is the top. The valuations are"}, {"start": "00:05:06", "end": "00:05:12", "text": "crazy. And you're just not seeing it in the way the market reacts. The market"}, {"start": "00:05:12", "end": "00:05:18", "text": "could have taken things much lower, for example, this morning, but people are stepping in to buy. This is one of the"}, {"start": "00:05:18", "end": "00:05:24", "text": "things we talked about last time was institutional buyers are seeing the dollar stabilize. In fact, the dollar,"}, {"start": "00:05:24", "end": "00:05:29", "text": "the DXY hit 100 recently. So, if you're a European institutional investor and"}, {"start": "00:05:29", "end": "00:05:34", "text": "you're going into something like, you know, the NASDAQ or S&P, you're not only"}, {"start": "00:05:34", "end": "00:05:40", "text": "getting, you know, recent uh increases in the value, you're you're getting a little bump from the dollar now that you"}, {"start": "00:05:40", "end": "00:05:46", "text": "weren't seeing earlier in the year. So all of these things I think are putting a floor under these markets and they're"}, {"start": "00:05:46", "end": "00:05:53", "text": "essentially very shallow normal healthy dips and they're getting bought and they're opportunities more than anything"}, {"start": "00:05:53", "end": "00:05:59", "text": "else. Now, when you look at uh those moments of uncertainty, is there anything that you think could be an"}, {"start": "00:05:59", "end": "00:06:05", "text": "outcome that would actually push us into a bare market or really kind of hurt asset prices or is it just the fact that"}, {"start": "00:06:05", "end": "00:06:10", "text": "we get clarity is important, right? Like there's something about okay, in an election, I think take New York City"}, {"start": "00:06:10", "end": "00:06:17", "text": "mayor uh race, it's capitalism versus socialism is the way it's pitted, right? Whether people agree with that or not, that that's kind of the the standoff, if"}, {"start": "00:06:17", "end": "00:06:24", "text": "you will. Uh they don't just want clarity on, okay, the election's over. They actually wanted a certain candidate to win. How do you look at some of these"}, {"start": "00:06:24", "end": "00:06:31", "text": "moments of uncertainty? Is it the clarity that's important or is it there actually a desired outcome that will have the impact on asset prices?"}, {"start": "00:06:31", "end": "00:06:36", "text": "Yeah, I I think for all of these uh what what I would call bumps in the road,"}, {"start": "00:06:36", "end": "00:06:43", "text": "kind of clarity and just working through them is what's important. If you want to find something structural that could"}, {"start": "00:06:43", "end": "00:06:49", "text": "really hurt this market and take, you know, sure, we could have a 5% 6%"}, {"start": "00:06:49", "end": "00:06:55", "text": "pullback in in in markets, but if you want to find something that could really threaten the longer term bull, you have"}, {"start": "00:06:55", "end": "00:07:02", "text": "to look for something more serious and more structural. You would have to see the AI story literally start to fail and"}, {"start": "00:07:02", "end": "00:07:08", "text": "people start backing out of deals. um uh you know uh people instead of every"}, {"start": "00:07:08", "end": "00:07:15", "text": "earnings call you you heard you've you've heard people say you know it's not a a demand problem it's a supply"}, {"start": "00:07:15", "end": "00:07:21", "text": "problem and you've heard people say you know yes we we might have enough chips but we don't have enough power so the"}, {"start": "00:07:21", "end": "00:07:28", "text": "the desire is there are bottlenecks in the system if you saw that start to fall away and people said oh you know what"}, {"start": "00:07:28", "end": "00:07:34", "text": "Amazon says we don't need to work on nuclear reactors anymore actually we've got that handled there's not that big of"}, {"start": "00:07:34", "end": "00:07:40", "text": "the demand that's going to do something. The other thing that I think is uh a"}, {"start": "00:07:40", "end": "00:07:47", "text": "November 2026 story that could be somewhat structural is as we get past"}, {"start": "00:07:47", "end": "00:07:52", "text": "the midterms, if we get, you know, a a strong performance, for example, by"}, {"start": "00:07:52", "end": "00:07:58", "text": "Democrats and socialistleaning Democrats and it starts to look like in 2027 that"}, {"start": "00:07:58", "end": "00:08:04", "text": "we're on a path for um a more socialist type of a Democratic presidential"}, {"start": "00:08:04", "end": "00:08:13", "text": "candidate, whether it's an AOC or or a Bernie Sanders or someone that we're not thinking of. Um that that would kind of"}, {"start": "00:08:13", "end": "00:08:19", "text": "essentially take everything that the Trump administration is trying to do around deregulation, around lower taxes,"}, {"start": "00:08:19", "end": "00:08:25", "text": "around freeing up business, and say we're going to we're going to reverse all that and and go in the opp opposite"}, {"start": "00:08:25", "end": "00:08:32", "text": "direction and raise taxes. Yeah, that that that's gonna that that could do something to the to the bull run, but I"}, {"start": "00:08:32", "end": "00:08:38", "text": "don't think that's at least a year away before that really starts getting on people's radar. And I think right now"}, {"start": "00:08:38", "end": "00:08:46", "text": "what people are wanting to do is get past these uh uncertainty bumps in the road and then look at all of the amazing"}, {"start": "00:08:46", "end": "00:08:53", "text": "things that we have coming, whether that's the Clarity Act, the sovereign wealth fund, probably a proposed housing"}, {"start": "00:08:53", "end": "00:08:59", "text": "emergency that does something to to get the housing market booming. uh a new Fed chair being appointed in the coming"}, {"start": "00:08:59", "end": "00:09:05", "text": "months. All of these things, the the one big beautiful bill, the tax credits, everything really getting in full force"}, {"start": "00:09:05", "end": "00:09:12", "text": "in 2026. All of these things that are on the way and we know they're coming, they're going to be the story, the"}, {"start": "00:09:12", "end": "00:09:19", "text": "narrative that's going to kind of flip this script a little bit on things like Bitcoin and start making it uh jump"}, {"start": "00:09:19", "end": "00:09:26", "text": "again. Now, there's a lot of people in the Bitcoin world who they see this uh four-year cycle, they say, \"Hey, October, November is probably the top."}, {"start": "00:09:26", "end": "00:09:31", "text": "uh there should be a big correction now. Um you seem to think that Bitcoin is kind of setting a base here and the you"}, {"start": "00:09:31", "end": "00:09:38", "text": "know kind of 100k 110k range and that is really the base for a bigger move up over the next couple of months. Describe"}, {"start": "00:09:38", "end": "00:09:44", "text": "a little as to what you're seeing in the market and why are you very bullish in in terms of the future months here that we're going to experience."}, {"start": "00:09:44", "end": "00:09:49", "text": "Yeah. So, it it really was about about two years ago that we started in this"}, {"start": "00:09:49", "end": "00:09:56", "text": "kind of broad up channel in Bitcoin, which we are still in. And uh if you"}, {"start": "00:09:56", "end": "00:10:02", "text": "look at the charts, essentially we've kind of touched near the bottom of that channel just this week. And that was"}, {"start": "00:10:02", "end": "00:10:08", "text": "something that I thought was possible last time we were on. Last time we were on, I think Bitcoin was 108. I said this"}, {"start": "00:10:08", "end": "00:10:13", "text": "could be the time because this is the level we broke up to in the beginning of the year. But I also wouldn't be"}, {"start": "00:10:13", "end": "00:10:21", "text": "surprised if we went back and touched 98,000 which was where we hit in that Iran bombing time frame. And it also was"}, {"start": "00:10:21", "end": "00:10:28", "text": "the bottom of that channel. And I said if we do hit 98,000 it's probably not going to be there long. Probably a few days and it's going to be back to 108"}, {"start": "00:10:28", "end": "00:10:33", "text": "and start working its way back up. So I think we've hit that 98 channel. If we"}, {"start": "00:10:33", "end": "00:10:41", "text": "break it, you know, I'll have to relook at things. But right now this is kind of going according to plan. And so"}, {"start": "00:10:41", "end": "00:10:46", "text": "essentially with with Bitcoin what I see happening is uh after such a huge move"}, {"start": "00:10:46", "end": "00:10:53", "text": "after that election as we talked about it needed some time to breathe. It needed some time to also do something"}, {"start": "00:10:53", "end": "00:11:00", "text": "again very healthy, which is start to disseminate some of these coins that have been held by the OG whales into the"}, {"start": "00:11:00", "end": "00:11:07", "text": "broader market and financial system into the IBITS and the the portfolios, the Black Rockck portfolios, which are now"}, {"start": "00:11:07", "end": "00:11:12", "text": "absorbing this supply without the the price crashing. Right? We we're roughly"}, {"start": "00:11:12", "end": "00:11:17", "text": "down maybe 20%. But the thing with Bitcoin is it's still very capable of"}, {"start": "00:11:17", "end": "00:11:23", "text": "extremely powerful moves. Just this year, we had six trading days."}, {"start": "00:11:23", "end": "00:11:28", "text": "Basically, um I wrote down the dates, uh September 28th to October 6th, we went"}, {"start": "00:11:28", "end": "00:11:34", "text": "from 109 to 126,000. So, we had a 15% move just a few weeks ago. Really, I"}, {"start": "00:11:34", "end": "00:11:40", "text": "mean, we're talking September and October. Um a $16,593"}, {"start": "00:11:40", "end": "00:11:46", "text": "move in six trading days. Um you know, of of markets, uh like calendar days,"}, {"start": "00:11:46", "end": "00:11:53", "text": "eight or nine. uh in June and July, June 22nd to July 14th, we went from 98,000"}, {"start": "00:11:53", "end": "00:11:59", "text": "to 123 236. So we went up 25K or 25%"}, {"start": "00:11:59", "end": "00:12:06", "text": "in 3 weeks. So I I think Bitcoin is setting up literally for a 50% move uh"}, {"start": "00:12:06", "end": "00:12:13", "text": "by the end of February. And so we were at 98,000 today. A 50% move gets us to a"}, {"start": "00:12:13", "end": "00:12:19", "text": "little under 150 actually. Um, I think we can hit 150 um in February. I think"}, {"start": "00:12:19", "end": "00:12:25", "text": "we can still hit 140 by the end of the year. And that, like I said, these these"}, {"start": "00:12:25", "end": "00:12:31", "text": "narrative drivers of the Clarity Act, which is getting revived. The Senate has now put it out for comment. Um, this is"}, {"start": "00:12:31", "end": "00:12:37", "text": "a huge deal that also presents the story to get people excited about it again."}, {"start": "00:12:37", "end": "00:12:43", "text": "and then the sovereign wealth fund, the new Fed chair and and the housing emergency getting declared that kind of"}, {"start": "00:12:43", "end": "00:12:50", "text": "gets animal spirits riled up. All those things I think are going to start to come together here. And you know, in the"}, {"start": "00:12:50", "end": "00:12:56", "text": "two years that this up channel's been in place, there's only been about three or four times where we've hit the bottom of"}, {"start": "00:12:56", "end": "00:13:02", "text": "it. And every one of those times has been a great opportunity. And this week is another one of those times. What are"}, {"start": "00:13:02", "end": "00:13:09", "text": "the things that you'd have to see in the Bitcoin market that would make you change your mind or become very bearish? It sounds like kind of violation of this"}, {"start": "00:13:09", "end": "00:13:15", "text": "uh uh trading channel. Is there anything else that would uh would kind of catch your attention or you're waiting for?"}, {"start": "00:13:15", "end": "00:13:20", "text": "Yeah, a massive breakdown, a technical breakdown in the uptrend uh that gets"}, {"start": "00:13:20", "end": "00:13:26", "text": "confirmed. So, we we drop dramatically below this 98 level out of the channel"}, {"start": "00:13:26", "end": "00:13:32", "text": "and we stay there for a week and we can't get back into the channel. uh then I'd start to say uh something's going on"}, {"start": "00:13:32", "end": "00:13:39", "text": "here. Uh I might not be in the news, but the price is telling you something uh that you have to pay attention to. The"}, {"start": "00:13:39", "end": "00:13:44", "text": "other thing would be um you know as of you know pretty much all year while"}, {"start": "00:13:44", "end": "00:13:51", "text": "there have been some vocal people on the left against you know digital asset regulation for the most part the genius"}, {"start": "00:13:51", "end": "00:13:58", "text": "act was bipartisan and a lot of the scuttlebutt around the clarity act which is the digital asset bill that's going"}, {"start": "00:13:58", "end": "00:14:04", "text": "to kind of define what's a commodity what's a security how's it going to be regulated what kind of entities these"}, {"start": "00:14:04", "end": "00:14:09", "text": "need to be all of those things um have relatively been bipartisan. If that"}, {"start": "00:14:09", "end": "00:14:14", "text": "would to start to fall apart and it looks like any regulatory pro progress"}, {"start": "00:14:14", "end": "00:14:20", "text": "is kind of stalled out and there's not going to be anymore, that would be a concerning thing to me. And then of"}, {"start": "00:14:20", "end": "00:14:26", "text": "course there's the I don't know if you call them black swans cuz if you can identify them, they're not really black"}, {"start": "00:14:26", "end": "00:14:34", "text": "swans, but you know um some super secret Chinese uh quantum military computer"}, {"start": "00:14:34", "end": "00:14:39", "text": "gets discovered that threatens encryption. But that's going to be a big problem for the whole world for every"}, {"start": "00:14:39", "end": "00:14:45", "text": "bank account for for for militaries. I mean that that so there's always something like that out there. But I"}, {"start": "00:14:45", "end": "00:14:53", "text": "mean that that that I put an extremely low likelihood. And I think the other two the first two probably 10 15%"}, {"start": "00:14:53", "end": "00:15:01", "text": "likelihoods tops. And so you've got this, you know, predominantly positive backdrop with the charts telling you we"}, {"start": "00:15:01", "end": "00:15:08", "text": "we could very well be at a at a low. And uh you know in the past those have been"}, {"start": "00:15:08", "end": "00:15:13", "text": "opportunities to take some risk and and add add exposure and it it's paid off uh"}, {"start": "00:15:13", "end": "00:15:18", "text": "handsomely. Today's episode is brought to you by Simple Mining. Have you ever been interested in mining Bitcoin? As a"}, {"start": "00:15:18", "end": "00:15:25", "text": "minor myself, I've been using Simple Mining for the past few months and the experience has been nothing short of seamless. 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Visit"}, {"start": "00:16:28", "end": "00:16:35", "text": "simplemining.io/p to get started today. That's simplemining.io/p"}, {"start": "00:16:35", "end": "00:16:42", "text": "to get started today. With Simple Mining, they make it simple. Now, you have three things that you look at as"}, {"start": "00:16:42", "end": "00:16:48", "text": "negative market signals that are in the stock market. And so, you know, I think you and I both uh appreciate some"}, {"start": "00:16:48", "end": "00:16:55", "text": "optimism. We're very bullish. and you know where asset prices are going. But I do think it's important to kind of say, \"Hey, look that there's a rational view,"}, {"start": "00:16:55", "end": "00:17:00", "text": "right? Understanding what are some of the negative things.\" So the first one you have is 39% of S&P companies are"}, {"start": "00:17:00", "end": "00:17:06", "text": "above their 50-day moving average overall. You think there's low breadth in the market and you think there's a"}, {"start": "00:17:06", "end": "00:17:11", "text": "general pickup in the VIX and shaky market sentiment. Can you walk through kind of why you're able to identify"}, {"start": "00:17:11", "end": "00:17:18", "text": "those, but you don't think that they are a cause for concern yet? Yeah, I mean we we were making, you"}, {"start": "00:17:18", "end": "00:17:23", "text": "know, new highs last week and we just weren't seeing a lot of the stocks um"}, {"start": "00:17:23", "end": "00:17:30", "text": "just the pure number of stocks kind of following along and saying, \"Hey, we're buying into this, you know, all over the"}, {"start": "00:17:30", "end": "00:17:37", "text": "place across all sectors, that sort of thing.\" And so, one way to look at that is percentage of stocks above their"}, {"start": "00:17:37", "end": "00:17:43", "text": "50-day moving average. it was, you know, peeking out over 50% last week and then"}, {"start": "00:17:43", "end": "00:17:48", "text": "it kind of precipitously dropped off and as you said, it's it was at 39% as of"}, {"start": "00:17:48", "end": "00:17:54", "text": "the close yesterday. So, you'd like to see that over 50, you know, um you start"}, {"start": "00:17:54", "end": "00:17:59", "text": "getting below 50 and uh you know, a move to like the 20-day moving average is no"}, {"start": "00:17:59", "end": "00:18:07", "text": "big deal, but you we've had a number of stocks that have basically gone in their own bare markets that are down 20 30%."}, {"start": "00:18:07", "end": "00:18:14", "text": "And so again, I'm seeing that as healthy because a lot of those stocks that are are the froth stocks that have been up,"}, {"start": "00:18:14", "end": "00:18:20", "text": "you know, 200% this year, 500% in the last 2 years. And so to see them come in"}, {"start": "00:18:20", "end": "00:18:25", "text": "20 25% is a healthy thing. But but when you do start seeing that and then you"}, {"start": "00:18:25", "end": "00:18:32", "text": "you know you have the algorithms that uh play off of these types of moves, selling can be get selling. You've had"}, {"start": "00:18:32", "end": "00:18:37", "text": "this sentiment. you had the Michael Barry uh disclosure of Nvidia and"}, {"start": "00:18:37", "end": "00:18:43", "text": "Palanteer puts. So you've you've had this sentiment creep in that, hey, we could be getting toy valuations"}, {"start": "00:18:43", "end": "00:18:48", "text": "extended. Um Meta had a very poor reaction to their earnings when they"}, {"start": "00:18:48", "end": "00:18:54", "text": "basically expanded their capex. So we've had you have to you have to be fair,"}, {"start": "00:18:54", "end": "00:18:59", "text": "right? You have to admit when there are negative things out there, you need to recognize them. And I think I think"}, {"start": "00:18:59", "end": "00:19:04", "text": "that's one reason why, you know, cutting back on exposure when you get a very"}, {"start": "00:19:04", "end": "00:19:10", "text": "like euphoric run like we saw last week where we were just shooting up every day, you know, it makes sense to say,"}, {"start": "00:19:10", "end": "00:19:17", "text": "\"Hey, let me pull some pull some cash in so that if we do go down in the coming days or weeks, there's there's money"}, {"start": "00:19:17", "end": "00:19:24", "text": "there to put back in at lower prices.\" So, I think that's what's going on. And I think that overall these type of"}, {"start": "00:19:24", "end": "00:19:30", "text": "technical indicators like breath and things can get worked through. And I'm sure that if we keep up doing what we're"}, {"start": "00:19:30", "end": "00:19:36", "text": "doing today as we record on Wednesday, um with a strong day in the markets, a strong day for for Bitcoin off of the"}, {"start": "00:19:36", "end": "00:19:42", "text": "lows that we hit overnight, um you know, a lot of these technical things get worked out and and maybe by the end of"}, {"start": "00:19:42", "end": "00:19:49", "text": "the week we're back to 50% um of companies around their 50-day average, if not this week, then next week. So, I"}, {"start": "00:19:49", "end": "00:19:55", "text": "think these things can get worked off and then we have this positive seasonality out there that I don't think"}, {"start": "00:19:55", "end": "00:20:01", "text": "can be ignored. You know, people talk about portfolio managers needing to chase to keep up with their benchmarks."}, {"start": "00:20:01", "end": "00:20:07", "text": "Um, you you look at basically past years when the market's been up 15%"}, {"start": "00:20:07", "end": "00:20:12", "text": "at the end of October, what happens in November, December. And so to to have a"}, {"start": "00:20:12", "end": "00:20:18", "text": "little brief pause in the action, everybody catch their breath, all that stuff that I think is happening. I think"}, {"start": "00:20:18", "end": "00:20:24", "text": "the the key thing is to remain calm and not get all panicky and say, \"Oh my"}, {"start": "00:20:24", "end": "00:20:31", "text": "gosh, you know, I've got good profits. I need to sell everything now and book those.\" Um, no, nobody gets hurt taking"}, {"start": "00:20:31", "end": "00:20:37", "text": "some profits once in a while. But to also keep in mind there's a lot of positive things on the horizon. And that"}, {"start": "00:20:37", "end": "00:20:43", "text": "the volatility is uh a feature, not a bug, of of high uptrend markets. as we"}, {"start": "00:20:43", "end": "00:20:49", "text": "talked about last time, all the big pullbacks in the NASDAQ during the dotcom boom. Um, and I think we're going"}, {"start": "00:20:49", "end": "00:20:55", "text": "to see a lot more 1% days um in the market um in 2026 and we're going to see"}, {"start": "00:20:55", "end": "00:21:01", "text": "a lot more $5 $6,000 candles in Bitcoin. Um, and that's just going to become part"}, {"start": "00:21:01", "end": "00:21:06", "text": "for the course. And uh, you know, it's kind of one of those markets if you can't take the heat, maybe get out of"}, {"start": "00:21:06", "end": "00:21:12", "text": "the kitchen. But I think I think there's going to be volatility. Um, that's for sure. Now, when you start to look in the"}, {"start": "00:21:12", "end": "00:21:19", "text": "Bitcoin market in particular, there's these dashboards that have uh kind of bull market indicators. They've got like 30 of them. Uh and what they're really"}, {"start": "00:21:19", "end": "00:21:25", "text": "measuring in a whole bunch of different ways is like blowoff tops, euphoria, you know, things that are just uh very"}, {"start": "00:21:25", "end": "00:21:30", "text": "obvious. This is unsustainable. Bitcoin has hit zero of the 30 as of two days"}, {"start": "00:21:30", "end": "00:21:36", "text": "ago when I looked. Um, do you think that Bitcoin could have some sort of market"}, {"start": "00:21:36", "end": "00:21:43", "text": "correction or bare market as it's been, you know, kind of been following this four-year cycle without having had the blowoff top? Like I kind of think of the"}, {"start": "00:21:43", "end": "00:21:49", "text": "institutional participation, you know, it used to be this kind of huge blowoff top, you get a market correction, you"}, {"start": "00:21:49", "end": "00:21:55", "text": "get this like very deep selloff and then you, you know, kind of go up and do it again. What we've seen since the ETFs is"}, {"start": "00:21:55", "end": "00:22:00", "text": "actually more of kind of like a 45 degree grind up in price, right? And it seems like we're not getting too far"}, {"start": "00:22:00", "end": "00:22:06", "text": "ahead of ourselves, but also the draw downs have been much shallower as well. Could that just be a market structure"}, {"start": "00:22:06", "end": "00:22:11", "text": "change? Now you have a different, you know, kind of bid in the market and so people should kind of throw out this"}, {"start": "00:22:11", "end": "00:22:17", "text": "idea of uh expecting blowoff tops but also expecting these, you know, deep kind of 70% draw downs."}, {"start": "00:22:17", "end": "00:22:23", "text": "Yeah, I I I do think so. I I'm not saying that, you know, Bitcoin's never going to draw down 70% again. It it's"}, {"start": "00:22:23", "end": "00:22:29", "text": "always possible. as possible on the S&P 500 as well. But when you look at like a"}, {"start": "00:22:29", "end": "00:22:36", "text": "50% draw down uh in in broad equity markets or or even the gold market, uh"}, {"start": "00:22:36", "end": "00:22:41", "text": "they're pretty rare. They're pretty few and far between, right? So 20% a lot"}, {"start": "00:22:41", "end": "00:22:47", "text": "more common. Uh you know, 25 maybe, but you know, we had a 50% draw down in in"}, {"start": "00:22:47", "end": "00:22:54", "text": "the great financial crisis. We had more than 50% in the NASDAQ after the.com boom. That's twice in the last quarter"}, {"start": "00:22:54", "end": "00:23:00", "text": "century that that's happened. Bitcoin doing 70% draw downs every couple years,"}, {"start": "00:23:00", "end": "00:23:05", "text": "I think, is probably a thing of the past. And I think it's only to be expected because of that structural"}, {"start": "00:23:05", "end": "00:23:11", "text": "change in the market, not just the market size and surpassing two trillion in market cap, but all the financial"}, {"start": "00:23:11", "end": "00:23:19", "text": "instruments that are now at play within the Bitcoin market, whether it's options on IBIT, the ETFs themselves, the"}, {"start": "00:23:19", "end": "00:23:25", "text": "futures contracts, the micro futures contracts, the derivative deaths, the"}, {"start": "00:23:25", "end": "00:23:30", "text": "fact that, you know, banks and brokers feel more comfortable interacting with"}, {"start": "00:23:30", "end": "00:23:35", "text": "this in a way that they didn't in the past where they might have gotten yelled at by their boss or even fired if they"}, {"start": "00:23:35", "end": "00:23:42", "text": "were, you know, holding crypto uh assets. So, I think a lot of these things they do put in a they put in I"}, {"start": "00:23:42", "end": "00:23:48", "text": "wouldn't say a floor, but they they they're volatility dampeners. And and that's not to say, you know, Bitcoin"}, {"start": "00:23:48", "end": "00:23:55", "text": "doesn't have volatility. I talked about the the huge up moves we've seen this year, you know, 25% in 3 weeks, uh 15%"}, {"start": "00:23:55", "end": "00:24:03", "text": "in 6 days. So, it's still got volatility, that's for sure. But it's definitely less. And I think, you know,"}, {"start": "00:24:03", "end": "00:24:08", "text": "this move could could we break down? Yeah. I mean, I think I think we could. You have to admit that that's always"}, {"start": "00:24:08", "end": "00:24:16", "text": "possible, but I'm just not seeing a really good story for someone to tell me why Bitcoin should go back to 50,000. I"}, {"start": "00:24:16", "end": "00:24:23", "text": "I I just don't see why that's that's that's what makes sense from here. In fact, when I look at the big broader"}, {"start": "00:24:23", "end": "00:24:29", "text": "big-time macro issues, sovereign debt bubbles around the world, um, you know,"}, {"start": "00:24:29", "end": "00:24:35", "text": "money printing, I mean, you literally had the Fed saying they're restarting expansion of the balance sheet. Now,"}, {"start": "00:24:35", "end": "00:24:42", "text": "it's probably only going to be commiserate with, you know, nominal GDP growth, but that's still a big deal to"}, {"start": "00:24:42", "end": "00:24:49", "text": "say, oh, we're going to stop selling treasuries or or or stop letting them roll off and we're actually going to start buying them. um you know these"}, {"start": "00:24:49", "end": "00:24:56", "text": "these are the types of things that are the core of the debasement trade and I just don't see them either ending the"}, {"start": "00:24:56", "end": "00:25:03", "text": "narrative for Bitcoin or ending the narrative for gold which you know we haven't talked about yet but again I see"}, {"start": "00:25:03", "end": "00:25:10", "text": "that as just bouncing around consolidating at this point um could we go a little bit lower but we're already"}, {"start": "00:25:10", "end": "00:25:16", "text": "getting close that rising 50-day moving average um is coming up quickly and so I"}, {"start": "00:25:16", "end": "00:25:22", "text": "I mean I think gold might have a a bit more downside and and definitely more time to consolidate before another"}, {"start": "00:25:22", "end": "00:25:27", "text": "breakout occurs. But, uh, I don't see gold, you know, going back to 3,000 or"}, {"start": "00:25:27", "end": "00:25:33", "text": "silver going back to 20 or I I just don't see these things as as likely, but"}, {"start": "00:25:33", "end": "00:25:39", "text": "but they are probably possible, but I they're like I said, 10 15% outlier"}, {"start": "00:25:39", "end": "00:25:44", "text": "chances in my book. Today's episode is brought to you by easybitcoin.app. They"}, {"start": "00:25:44", "end": "00:25:51", "text": "offer a simple, rewarding Bitcoin investment experience. With Easy Bitcoin, every recurring buy automatically earns you 1% extra in"}, {"start": "00:25:51", "end": "00:25:58", "text": "Bitcoin. And the stats don't stop there. Hold your stack in the app and you'll collect a 2% annual reward, plus 4.5%"}, {"start": "00:25:58", "end": "00:26:04", "text": "APY on any US dollars you park in the USD interest account. You can even opt in to have your interest autoconverted"}, {"start": "00:26:04", "end": "00:26:10", "text": "to Bitcoin. It's a simple set it and forget it way to grow your Bitcoin. Easy Bitcoin is live right now on iOS and"}, {"start": "00:26:10", "end": "00:26:15", "text": "Android. Hit pause, click the link in the description, download the app, and start earning while your Bitcoin stash"}, {"start": "00:26:15", "end": "00:26:21", "text": "grows. Your capital is at risk, crypto markets are highly volatile, and this content isformational and not financial"}, {"start": "00:26:21", "end": "00:26:26", "text": "advice. One of the things that we haven't talked about is, uh, this new, uh, term that I've heard, uh, White"}, {"start": "00:26:26", "end": "00:26:32", "text": "House asset management, uh, which basically is, you know, Washington DC, the Trump administration, uh, they"}, {"start": "00:26:32", "end": "00:26:39", "text": "started taking positions in different companies. They've been very uh prescriptive in terms of certain industries that they think uh are"}, {"start": "00:26:39", "end": "00:26:44", "text": "important for national security. Uh we've got this report that uh Scott Besson, the Treasury Secretary, has been"}, {"start": "00:26:44", "end": "00:26:50", "text": "tasked with around the sovereign wealth fund. It feels like DC is a market participant in a way that maybe they"}, {"start": "00:26:50", "end": "00:26:58", "text": "previously have not been. How does that play into your analysis as you think through both stocks uh Bitcoin and gold?"}, {"start": "00:26:58", "end": "00:27:03", "text": "It's it's generally bullish because I I think we are doing things that are"}, {"start": "00:27:03", "end": "00:27:08", "text": "deemed necessary from a national defense, you know, American sovereignty"}, {"start": "00:27:08", "end": "00:27:14", "text": "perspective. And I actually don't think that that would or will change with uh"}, {"start": "00:27:14", "end": "00:27:21", "text": "perhaps uh someone on the other side of the aisle in the White House, you know, in 3 years from now. I think that these"}, {"start": "00:27:21", "end": "00:27:26", "text": "are these are necessary things that actually uh the you could call it the"}, {"start": "00:27:26", "end": "00:27:32", "text": "blob the foreign policy elites um are also in agreement with and basically"}, {"start": "00:27:32", "end": "00:27:39", "text": "what they've recognized is look you know um we essentially are no longer a self-sufficient country when it comes to"}, {"start": "00:27:39", "end": "00:27:46", "text": "certain things whether it's chips or rare earth and even if it's not profitable for these companies to go out"}, {"start": "00:27:46", "end": "00:27:52", "text": "and mine in the US or you know do fabs in in in Arizona. You know, we have to"}, {"start": "00:27:52", "end": "00:27:57", "text": "support them to do that. And these are things that are not uncommon. These are things that the United States has done"}, {"start": "00:27:57", "end": "00:28:03", "text": "time and time again when it's deemed it necessary. It was it happened after the"}, {"start": "00:28:03", "end": "00:28:09", "text": "revolution when we wanted to uh break away more from British dependence on textiles and we started building the"}, {"start": "00:28:09", "end": "00:28:16", "text": "textile mills in the United States and the industrial revolution. It happened during World War II. I mean, there was a"}, {"start": "00:28:16", "end": "00:28:22", "text": "famous example during World War II where uh the head of Montgomery Ward had"}, {"start": "00:28:22", "end": "00:28:29", "text": "basically uh refused to kind of break a strike and and they were involved in different war production and FDR sent"}, {"start": "00:28:29", "end": "00:28:37", "text": "the National Guard into his corporate headquarters and they carried him out in his big like boardroom chair. Um, and"}, {"start": "00:28:37", "end": "00:28:43", "text": "there's this famous picture of the CEO, chairman of the board of Montgomery Ward being carried out of his office and the"}, {"start": "00:28:43", "end": "00:28:50", "text": "entire company was put under direct control of the Department of War. And it was called the Department of War back then. And so, you know, these types of"}, {"start": "00:28:50", "end": "00:28:57", "text": "things, they happen, but they they've tended to happen, you know, maybe when there's an actual physical war going on,"}, {"start": "00:28:57", "end": "00:29:03", "text": "but there there isn't that hot war with China where the the bombs are going"}, {"start": "00:29:03", "end": "00:29:08", "text": "across the Taiwan Strait, but we're on like a semiquasi war footing with them"}, {"start": "00:29:08", "end": "00:29:15", "text": "from a foreign policy perspective. And I think that that's here to last. And I think it's going to take time to get our"}, {"start": "00:29:15", "end": "00:29:21", "text": "sovereignty back in some of these key areas. But I think that's the plan and the agenda. And so Washington, you know,"}, {"start": "00:29:21", "end": "00:29:27", "text": "White House Asset Management Inc., you know, I think is going to be in business for some time. Now, when you think about"}, {"start": "00:29:27", "end": "00:29:34", "text": "US China, all eyes on that trade deal and and, you know, kind of the reduction of tariffs, the rare uh earths, all that"}, {"start": "00:29:34", "end": "00:29:40", "text": "stuff, I think is very well covered. One of the areas that I have been very surprised there's not more chatter about"}, {"start": "00:29:40", "end": "00:29:46", "text": "is US and Venezuela. And one of the things that you really go to is like they have a lot of resources."}, {"start": "00:29:46", "end": "00:29:52", "text": "Now, they're not China, right? But they have certain resources that would be very uh valuable to the United States."}, {"start": "00:29:52", "end": "00:29:57", "text": "Uh you've got Maduro who uh I think a lot of people are saying, \"Hey, this guy has been, you know, kind of screwing"}, {"start": "00:29:57", "end": "00:30:04", "text": "this up.\" Uh there's a lot of questions about human rights and freedom and and those things. Uh prediction markets,"}, {"start": "00:30:04", "end": "00:30:10", "text": "they've got higher odds than I thought about the US actually intervening in Venezuela, troops going to Venezuela. I"}, {"start": "00:30:10", "end": "00:30:16", "text": "mean, some of these numbers, again, it's not, you know, 80%. But there were numbers that range between 10 to 30%."}, {"start": "00:30:16", "end": "00:30:22", "text": "Uh, depending on what the the exact topic of the betting market is. And then there was a uh report, I think, from the"}, {"start": "00:30:22", "end": "00:30:27", "text": "Miami Herald uh recently that basically said, you know, the Trump administration has made the decision that they're going to go ahead and they're going to strike"}, {"start": "00:30:27", "end": "00:30:35", "text": "within Venezuela. I have no clue if that's true or not, but, you know, whether it's a leak, a testing the market, who knows? Is there any concern"}, {"start": "00:30:35", "end": "00:30:40", "text": "about the US actually striking somebody in, you know, South Central America that"}, {"start": "00:30:40", "end": "00:30:47", "text": "would either cause concern or as we've seen, you know, when the US locks into war, usually stocks go up uh many times."}, {"start": "00:30:47", "end": "00:30:54", "text": "And so, how do you kind of evaluate that type of risk or that type of event occurring? Yeah. I mean, that's a tricky"}, {"start": "00:30:54", "end": "00:31:00", "text": "one because it is concerning seeing some of the actions. This the they're sending"}, {"start": "00:31:00", "end": "00:31:08", "text": "the aircraft carrier uh group left the Mediterranean this week and they're on their way to the Caribbean. Um there's"}, {"start": "00:31:08", "end": "00:31:13", "text": "supposedly been reports that, you know, Trump has essentially been greenlighted"}, {"start": "00:31:13", "end": "00:31:19", "text": "to go into Venezuela by Xi and Putin who have who've basically made it clear"}, {"start": "00:31:19", "end": "00:31:24", "text": "through back channels that they wouldn't, you know, like send troops. They might Putin might send some arms to"}, {"start": "00:31:24", "end": "00:31:31", "text": "Venezuela, but you know I it's and that the dangerous thing about that really is"}, {"start": "00:31:31", "end": "00:31:37", "text": "it could easily lead to just this spiral of anti-Americanism across Latin America"}, {"start": "00:31:37", "end": "00:31:44", "text": "which is already, you know, pretty well uh rooted in certain countries um and in"}, {"start": "00:31:44", "end": "00:31:49", "text": "certain part parts of the continent there. And I I I don't think that would be healthy. I I think that that would"}, {"start": "00:31:49", "end": "00:31:54", "text": "probably be a mistake to send troops into Venezuela. Now, is it just a show"}, {"start": "00:31:54", "end": "00:32:00", "text": "of force? Is this something where Trump is working on a deal with Brazil? Um and"}, {"start": "00:32:00", "end": "00:32:06", "text": "and he's he's he wants uh you know obviously we had the Argentina support"}, {"start": "00:32:06", "end": "00:32:11", "text": "and that you know this is part of this broader posture for the United States to be more focused on the Western"}, {"start": "00:32:11", "end": "00:32:19", "text": "Hemisphere and this is a signal this is a sign hey we're taking the Western Hemisphere seriously and yeah they're"}, {"start": "00:32:19", "end": "00:32:26", "text": "they're blowing up some boats which you know is probably questionable but you know actually putting any US boots on"}, {"start": "00:32:26", "end": "00:32:32", "text": "the ground into Venezuela or even just doing air strikes Um then the question becomes what it"}, {"start": "00:32:32", "end": "00:32:37", "text": "always becomes well what happens next right you take out Saddam Hussein what happens next you take out the Taliban"}, {"start": "00:32:37", "end": "00:32:44", "text": "what and so and Venezuela is a huge country I believe it's larger than France and Germany combined um it does"}, {"start": "00:32:44", "end": "00:32:51", "text": "have a lot of natural resources and emeralds and gold and uh lowquality oil but a lot of it um so it's got things"}, {"start": "00:32:51", "end": "00:32:58", "text": "that we could obviously want to get our hands on but it could also be part of a negotiation it you know Trump said"}, {"start": "00:32:58", "end": "00:33:05", "text": "Madura offered him quote everything, but he he could want even more, you know, he could he could want even more kind of"}, {"start": "00:33:05", "end": "00:33:12", "text": "guarantees or maybe he maybe he's doing it as a gambit to to stoke internal"}, {"start": "00:33:12", "end": "00:33:17", "text": "forces within Venezuela to rise up and and and and try to take down Maduro. Um"}, {"start": "00:33:17", "end": "00:33:24", "text": "so I would want to keep an eye on that. I would think because I doubt that China or Russia would get involved that if it"}, {"start": "00:33:24", "end": "00:33:29", "text": "did happen, the initial market reaction would be negative. it it it could look"}, {"start": "00:33:29", "end": "00:33:37", "text": "detrimental to our economic interest in Latin America overall and it wouldn't surprise me to see a 5 10% pull down um"}, {"start": "00:33:37", "end": "00:33:44", "text": "within a week if we actually went into Venezuela. But again, that would not be something structural to the bull market"}, {"start": "00:33:44", "end": "00:33:49", "text": "like I talked about with AI the AI boom being over or you know a socialist"}, {"start": "00:33:49", "end": "00:33:56", "text": "regime coming into the United States in control. So I think, you know, that that would be something that could cause like"}, {"start": "00:33:56", "end": "00:34:01", "text": "a April surprise like we had this year, you know, like if they if they decided we're actually going to go into"}, {"start": "00:34:01", "end": "00:34:07", "text": "Venezuela, I don't think it would put an end to the bull market. Um but but I don't think it would be uh received"}, {"start": "00:34:07", "end": "00:34:13", "text": "favorably by the market at least initially. But I think over time like we kind of got used to the war in Ukraine"}, {"start": "00:34:13", "end": "00:34:20", "text": "like we got used to the war um in Israel and and as horrible as it is cuz I know people have been killed horribly in both"}, {"start": "00:34:20", "end": "00:34:26", "text": "of those conflicts. But the as far as the market is concerned getting used to these things I think eventually the"}, {"start": "00:34:26", "end": "00:34:31", "text": "market would have would get used to it and there might be a shock and off phase and then things would simmer down and"}, {"start": "00:34:31", "end": "00:34:38", "text": "there'd be some sort of uh ceasefire deal put in place and the market would would move on its merry way."}, {"start": "00:34:38", "end": "00:34:44", "text": "That makes sense to me. Mel, where can we send people to find you on the internet? Uh Melmadison1"}, {"start": "00:34:44", "end": "00:34:50", "text": "onx or melmadison.com on the web um are great places. And also I have my"}, {"start": "00:34:50", "end": "00:34:56", "text": "financial thriller Quas available wherever books are sold if people are interested in that. I got my copy of"}, {"start": "00:34:56", "end": "00:35:01", "text": "Quas. I'm going to read it this weekend. So I'm going to let you know. I do book reviews, but I'm super honest. If I like"}, {"start": "00:35:01", "end": "00:35:07", "text": "it, I'll tell you I like it. If I don't like it, I'm going to tell you that, too. But uh but I'm pretty excited about it. So uh anyone else who wants to read"}, {"start": "00:35:07", "end": "00:35:13", "text": "along, go ahead and get Quas um on uh you just search it and uh it comes right up."}, {"start": "00:35:13", "end": "00:35:20", "text": "Awesome. I hope you enjoy it. I I'll I'll be prepared for an honest review. I I I appreciate I appreciate honest"}, {"start": "00:35:20", "end": "00:35:26", "text": "honest feedback. All right, Mel, thanks so much. We'll do it again soon. All right."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:04", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:07", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:09", "text": "a date with destiny. If you guys like"}, {"start": "00:00:09", "end": "00:00:10", "text": "the content, make sure you subscribe to"}, {"start": "00:00:10", "end": "00:00:12", "text": "the channel, give the video a thumbs up,"}, {"start": "00:00:12", "end": "00:00:14", "text": "and check out the sale on into the"}, {"start": "00:00:14", "end": "00:00:15", "text": "cryptoverse premium at into the"}, {"start": "00:00:15", "end": "00:00:17", "text": "cryptoverse.com."}, {"start": "00:00:17", "end": "00:00:20", "text": "Let's go ahead and jump in. So this is a"}, {"start": "00:00:20", "end": "00:00:24", "text": "video we do uh you know near the end of"}, {"start": "00:00:24", "end": "00:00:26", "text": "the mid or of the post having year"}, {"start": "00:00:26", "end": "00:00:26", "text": "sometimes in the beginning of the"}, {"start": "00:00:26", "end": "00:00:28", "text": "midterm year or the early part of the"}, {"start": "00:00:28", "end": "00:00:31", "text": "midterm year. But in general"}, {"start": "00:00:31", "end": "00:00:34", "text": "bitcoin has a date with destiny and if"}, {"start": "00:00:34", "end": "00:00:37", "text": "you're not familiar with destiny destiny"}, {"start": "00:00:37", "end": "00:00:40", "text": "is the 200 week moving average. Now, I'm"}, {"start": "00:00:40", "end": "00:00:42", "text": "not suggesting we have to go straight"}, {"start": "00:00:42", "end": "00:00:44", "text": "there without some intermediate bounces"}, {"start": "00:00:44", "end": "00:00:49", "text": "along the way, but historically,"}, {"start": "00:00:49", "end": "00:00:50", "text": "Bitcoin"}, {"start": "00:00:50", "end": "00:00:55", "text": "likes to have a date with destiny every"}, {"start": "00:00:55", "end": "00:00:58", "text": "few years. Last cycle, we even went"}, {"start": "00:00:58", "end": "00:01:01", "text": "below the 200E moving average. So, I'm"}, {"start": "00:01:01", "end": "00:01:04", "text": "not saying we can't go below it, but in"}, {"start": "00:01:04", "end": "00:01:07", "text": "general, the expectation I believe has"}, {"start": "00:01:07", "end": "00:01:10", "text": "to be that Bitcoin will in fact have a"}, {"start": "00:01:10", "end": "00:01:14", "text": "date with destiny. What usually happens"}, {"start": "00:01:14", "end": "00:01:18", "text": "first near the end of a cycle is Bitcoin"}, {"start": "00:01:18", "end": "00:01:22", "text": "will fall below the 50we"}, {"start": "00:01:22", "end": "00:01:25", "text": "and after it goes below the 50we it then"}, {"start": "00:01:25", "end": "00:01:27", "text": "goes to the 100 week and then after the"}, {"start": "00:01:27", "end": "00:01:30", "text": "100we estimate it then tends to go to"}, {"start": "00:01:30", "end": "00:01:32", "text": "the 200. See you can see that's what"}, {"start": "00:01:32", "end": "00:01:34", "text": "happened in 2014."}, {"start": "00:01:34", "end": "00:01:37", "text": "2018, same thing. Below the 50 to the"}, {"start": "00:01:37", "end": "00:01:44", "text": "100 to the 200. 2022, the 50, 100,"}, {"start": "00:01:44", "end": "00:01:48", "text": "even below the 200. Same thing, 50,"}, {"start": "00:01:48", "end": "00:01:51", "text": "we're right at that 100. Eventually, I"}, {"start": "00:01:51", "end": "00:01:54", "text": "think we see that 200 week moving"}, {"start": "00:01:54", "end": "00:01:55", "text": "average. So, we're going to keep this"}, {"start": "00:01:55", "end": "00:01:58", "text": "one short and sweet. I do believe in"}, {"start": "00:01:58", "end": "00:02:00", "text": "fact that Bitcoin has a date with"}, {"start": "00:02:00", "end": "00:02:06", "text": "destiny and it should happen um you know"}, {"start": "00:02:06", "end": "00:02:08", "text": "within the next 6 to 12 months. I'd"}, {"start": "00:02:08", "end": "00:02:09", "text": "honestly be surprised if it took 12"}, {"start": "00:02:09", "end": "00:02:12", "text": "months but usually Bitcoin bare markets"}, {"start": "00:02:12", "end": "00:02:15", "text": "last about a year and so you know last"}, {"start": "00:02:15", "end": "00:02:17", "text": "one was November to November. The one"}, {"start": "00:02:17", "end": "00:02:19", "text": "before that was December to December. So"}, {"start": "00:02:19", "end": "00:02:22", "text": "maybe this one is just simply October uh"}, {"start": "00:02:22", "end": "00:02:25", "text": "to to October. Hey, if it's not broke,"}, {"start": "00:02:25", "end": "00:02:27", "text": "don't fix it. Let's not try to over"}, {"start": "00:02:27", "end": "00:02:29", "text": "complicate things. Maybe it is just"}, {"start": "00:02:29", "end": "00:02:30", "text": "October to October. I'll start looking"}, {"start": "00:02:30", "end": "00:02:32", "text": "for signs as early as May, but let's"}, {"start": "00:02:32", "end": "00:02:35", "text": "just go with what history has shown us."}, {"start": "00:02:35", "end": "00:02:37", "text": "And I believe that Bitcoin"}, {"start": "00:02:37", "end": "00:02:40", "text": "is on its way to its state with destiny."}, {"start": "00:02:40", "end": "00:02:41", "text": "If you guys like the content, make sure"}, {"start": "00:02:41", "end": "00:02:42", "text": "you subscribe to the channel, give the"}, {"start": "00:02:42", "end": "00:02:43", "text": "video a thumbs up, and check out the"}, {"start": "00:02:43", "end": "00:02:45", "text": "sale on into the cryptoverse premium at"}, {"start": "00:02:45", "end": "00:02:47", "text": "into the cryptoverse.com. I'll see you"}, {"start": "00:02:47", "end": "00:02:51", "text": "guys next time. Bye."}]

[{"start": "00:00:01", "end": "00:00:02", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:04", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:06", "text": "Today we're going to talk about the most"}, {"start": "00:00:06", "end": "00:00:10", "text": "recent labor market report and how the"}, {"start": "00:00:10", "end": "00:00:13", "text": "unemployment rate has now risen to 4.4%."}, {"start": "00:00:13", "end": "00:00:15", "text": "If you guys like the content, make sure"}, {"start": "00:00:15", "end": "00:00:16", "text": "you subscribe to the channel, give the"}, {"start": "00:00:16", "end": "00:00:18", "text": "video a thumbs up, and check out the"}, {"start": "00:00:18", "end": "00:00:21", "text": "sale on into the cryptoverse premium at"}, {"start": "00:00:21", "end": "00:00:24", "text": "into the cryptoverse.com."}, {"start": "00:00:24", "end": "00:00:26", "text": "Let's go ahead and jump in. So"}, {"start": "00:00:26", "end": "00:00:28", "text": "very expectedly the unemployment rate"}, {"start": "00:00:28", "end": "00:00:31", "text": "has risen to 4.4%."}, {"start": "00:00:31", "end": "00:00:34", "text": "I believe that you know a couple of"}, {"start": "00:00:34", "end": "00:00:36", "text": "months ago when they did not release the"}, {"start": "00:00:36", "end": "00:00:40", "text": "data I believe I referenced a report"}, {"start": "00:00:40", "end": "00:00:42", "text": "from the Chicago Fed where they"}, {"start": "00:00:42", "end": "00:00:43", "text": "estimated that the unemployment rate"}, {"start": "00:00:43", "end": "00:00:46", "text": "back then was around 4.4%. So it's not"}, {"start": "00:00:46", "end": "00:00:51", "text": "really that surprising that it is 4.4."}, {"start": "00:00:51", "end": "00:00:53", "text": "um you know it just continues to to go"}, {"start": "00:00:53", "end": "00:00:56", "text": "up. And"}, {"start": "00:00:56", "end": "00:00:58", "text": "one of the issues you know as it relates"}, {"start": "00:00:58", "end": "00:01:02", "text": "to assets like Bitcoin in the short term"}, {"start": "00:01:02", "end": "00:01:06", "text": "is that you know Bitcoin is more in tune"}, {"start": "00:01:06", "end": "00:01:09", "text": "with you know monetary policy and and"}, {"start": "00:01:09", "end": "00:01:12", "text": "liquidity than I think the stock market"}, {"start": "00:01:12", "end": "00:01:14", "text": "is at times because the stock market has"}, {"start": "00:01:14", "end": "00:01:15", "text": "these all these like passive flows"}, {"start": "00:01:15", "end": "00:01:18", "text": "through 401ks that can keep it elevated"}, {"start": "00:01:18", "end": "00:01:21", "text": "a lot longer. Bitcoin doesn't really"}, {"start": "00:01:21", "end": "00:01:23", "text": "have that in the same way. And so it's a"}, {"start": "00:01:23", "end": "00:01:27", "text": "little bit more sensitive. And you know,"}, {"start": "00:01:27", "end": "00:01:30", "text": "when you have a a labor market report"}, {"start": "00:01:30", "end": "00:01:32", "text": "where the unemployment rate went up, but"}, {"start": "00:01:32", "end": "00:01:34", "text": "it still didn't go up a lot, but you"}, {"start": "00:01:34", "end": "00:01:38", "text": "couple that with non-farm payrolls that"}, {"start": "00:01:38", "end": "00:01:42", "text": "actually um well, this is private, but"}, {"start": "00:01:42", "end": "00:01:44", "text": "that in so the non the total non-farm"}, {"start": "00:01:44", "end": "00:01:48", "text": "private payrolls increased by 42,000."}, {"start": "00:01:48", "end": "00:01:50", "text": "But if we go check out, let me see if I"}, {"start": "00:01:50", "end": "00:01:53", "text": "can find the other one."}, {"start": "00:01:53", "end": "00:01:54", "text": "Maybe it's under the employment level"}, {"start": "00:01:54", "end": "00:01:57", "text": "here. You can see that it increased by"}, {"start": "00:01:57", "end": "00:02:02", "text": "about 119,000 or so. And"}, {"start": "00:02:02", "end": "00:02:06", "text": "it it it makes it difficult for the Fed"}, {"start": "00:02:06", "end": "00:02:09", "text": "to go into the December meeting with a"}, {"start": "00:02:09", "end": "00:02:13", "text": "clear cut in mind because the labor"}, {"start": "00:02:13", "end": "00:02:15", "text": "market while it is absolutely starting"}, {"start": "00:02:15", "end": "00:02:17", "text": "to show signs of weakness, you cannot"}, {"start": "00:02:17", "end": "00:02:20", "text": "deny it, right? It absolutely is. You"}, {"start": "00:02:20", "end": "00:02:21", "text": "you can look at so many different"}, {"start": "00:02:21", "end": "00:02:23", "text": "things. You can look at job openings. If"}, {"start": "00:02:23", "end": "00:02:25", "text": "you look at job openings, I mean, it's,"}, {"start": "00:02:25", "end": "00:02:26", "text": "you know, we're we're at below"}, {"start": "00:02:26", "end": "00:02:30", "text": "prepandemic levels. If you look at hires"}, {"start": "00:02:30", "end": "00:02:32", "text": "there,"}, {"start": "00:02:32", "end": "00:02:34", "text": "it's really low, right? I mean, you're I"}, {"start": "00:02:34", "end": "00:02:36", "text": "mean, it hasn't been updated, you know,"}, {"start": "00:02:36", "end": "00:02:39", "text": "in a couple of months, but it's still I"}, {"start": "00:02:39", "end": "00:02:41", "text": "mean, highs haven't been this low except"}, {"start": "00:02:41", "end": "00:02:43", "text": "for this drop over here in June of 2024."}, {"start": "00:02:43", "end": "00:02:46", "text": "Haven't been this low since February or"}, {"start": "00:02:46", "end": "00:02:49", "text": "so of 2015. Maybe maybe July 2015."}, {"start": "00:02:49", "end": "00:02:52", "text": "Sometime in 2015, really, you could"}, {"start": "00:02:52", "end": "00:02:54", "text": "argue is how long it has been 10 years"}, {"start": "00:02:54", "end": "00:02:57", "text": "ago, right? So hiring was at the same"}, {"start": "00:02:57", "end": "00:03:02", "text": "level 10 years ago that it is today."}, {"start": "00:03:02", "end": "00:03:05", "text": "And so and quits, right? If you look at"}, {"start": "00:03:05", "end": "00:03:07", "text": "job quits rate, that continues to drop,"}, {"start": "00:03:07", "end": "00:03:09", "text": "meaning people are frankly afraid to"}, {"start": "00:03:09", "end": "00:03:11", "text": "leave their job because they're not"}, {"start": "00:03:11", "end": "00:03:12", "text": "convinced they're going to be able to"}, {"start": "00:03:12", "end": "00:03:16", "text": "find a new one. So we have a situation"}, {"start": "00:03:16", "end": "00:03:19", "text": "here where the labor market is"}, {"start": "00:03:19", "end": "00:03:21", "text": "absolutely showing signs of weakness,"}, {"start": "00:03:21", "end": "00:03:25", "text": "right? like we cannot ignore it"}, {"start": "00:03:25", "end": "00:03:28", "text": "anymore, right? Like it's there. The"}, {"start": "00:03:28", "end": "00:03:31", "text": "problem is well, if it's weak, why is"}, {"start": "00:03:31", "end": "00:03:33", "text": "the Fed not cutting? Like why are we"}, {"start": "00:03:33", "end": "00:03:35", "text": "going into the December meeting with a"}, {"start": "00:03:35", "end": "00:03:39", "text": "60% chance that they hold here at 4%."}, {"start": "00:03:39", "end": "00:03:41", "text": "Well, one of the reasons that's the case"}, {"start": "00:03:41", "end": "00:03:43", "text": "is because Jerome Pal came out at the"}, {"start": "00:03:43", "end": "00:03:45", "text": "last meeting and said as much. Said"}, {"start": "00:03:45", "end": "00:03:47", "text": "that, hey, a lot of people are thinking"}, {"start": "00:03:47", "end": "00:03:49", "text": "this is a foregone conclusion, but it's"}, {"start": "00:03:49", "end": "00:03:51", "text": "actually not. we might not cut at the"}, {"start": "00:03:51", "end": "00:03:53", "text": "December meeting. Furthermore, there's a"}, {"start": "00:03:53", "end": "00:03:55", "text": "risk that the Bank of Japan may raise"}, {"start": "00:03:55", "end": "00:03:57", "text": "rates at the December meeting. I don't"}, {"start": "00:03:57", "end": "00:04:00", "text": "know if they're going to or not. Um I"}, {"start": "00:04:00", "end": "00:04:01", "text": "haven't actually looked at it in the"}, {"start": "00:04:01", "end": "00:04:03", "text": "last few days, admittedly, but if you"}, {"start": "00:04:03", "end": "00:04:05", "text": "had looked at it a few months ago, a lot"}, {"start": "00:04:05", "end": "00:04:07", "text": "of economists thought that the Vegas Pan"}, {"start": "00:04:07", "end": "00:04:09", "text": "would raise rates before the end of the"}, {"start": "00:04:09", "end": "00:04:12", "text": "year or maybe very early 2026 at the"}, {"start": "00:04:12", "end": "00:04:15", "text": "latest. And so that's also something"}, {"start": "00:04:15", "end": "00:04:18", "text": "that we we have to contend with. So why"}, {"start": "00:04:18", "end": "00:04:20", "text": "are they not cutting or why are they not"}, {"start": "00:04:20", "end": "00:04:21", "text": "giving more of an indication that they"}, {"start": "00:04:21", "end": "00:04:24", "text": "are going to cut considering that the"}, {"start": "00:04:24", "end": "00:04:26", "text": "unemployment rate continues to trend"}, {"start": "00:04:26", "end": "00:04:27", "text": "higher? And I mean a lot of us are are"}, {"start": "00:04:27", "end": "00:04:29", "text": "are biased, right? If you hold Bitcoin,"}, {"start": "00:04:29", "end": "00:04:31", "text": "it's like, well, they should cut because"}, {"start": "00:04:31", "end": "00:04:32", "text": "we want, you know, they want we want"}, {"start": "00:04:32", "end": "00:04:34", "text": "them to pump the bags, right? They want"}, {"start": "00:04:34", "end": "00:04:36", "text": "we want them to pump our bags. But at"}, {"start": "00:04:36", "end": "00:04:39", "text": "the same time,"}, {"start": "00:04:39", "end": "00:04:43", "text": "the stock market is barely down, right?"}, {"start": "00:04:43", "end": "00:04:46", "text": "like it's it's down like 3% from the"}, {"start": "00:04:46", "end": "00:04:50", "text": "highs, you know, and so this is one of"}, {"start": "00:04:50", "end": "00:04:52", "text": "those things where it's actually kind of"}, {"start": "00:04:52", "end": "00:04:57", "text": "similar to you guessed it, 2019. How is"}, {"start": "00:04:57", "end": "00:04:58", "text": "it similar to 2019? Oh, I'm glad you"}, {"start": "00:04:58", "end": "00:05:01", "text": "asked because if you look at Bitcoin"}, {"start": "00:05:01", "end": "00:05:04", "text": "divided by I divided by the wrong thing,"}, {"start": "00:05:04", "end": "00:05:05", "text": "but if you look at Bitcoin divided by"}, {"start": "00:05:05", "end": "00:05:08", "text": "the S&P 500,"}, {"start": "00:05:08", "end": "00:05:12", "text": "what you'll see is how it did this exact"}, {"start": "00:05:12", "end": "00:05:14", "text": "same thing in 2019, right? Bitcoin"}, {"start": "00:05:14", "end": "00:05:17", "text": "started to drop. It went to the 50we,"}, {"start": "00:05:17", "end": "00:05:18", "text": "went below it, got a rally back up to"}, {"start": "00:05:18", "end": "00:05:21", "text": "the bull marks band, went lower, and and"}, {"start": "00:05:21", "end": "00:05:23", "text": "that's kind of how it played out. It"}, {"start": "00:05:23", "end": "00:05:24", "text": "looks like the same thing's happening,"}, {"start": "00:05:24", "end": "00:05:26", "text": "right? like it's rolling over against"}, {"start": "00:05:26", "end": "00:05:30", "text": "the S&P 500. After a relatively flat,"}, {"start": "00:05:30", "end": "00:05:34", "text": "non-uporic top, a relatively flat,"}, {"start": "00:05:34", "end": "00:05:36", "text": "non-uporic top, Bitcoin starts to show"}, {"start": "00:05:36", "end": "00:05:38", "text": "weakness, goes below its 50week moving"}, {"start": "00:05:38", "end": "00:05:40", "text": "average against the S&P, potentially"}, {"start": "00:05:40", "end": "00:05:43", "text": "eventually gets a rally back up to it."}, {"start": "00:05:43", "end": "00:05:44", "text": "That's probably a few weeks away if"}, {"start": "00:05:44", "end": "00:05:46", "text": "we're being honest. Maybe December,"}, {"start": "00:05:46", "end": "00:05:49", "text": "January time frame. Um, and then you"}, {"start": "00:05:49", "end": "00:05:52", "text": "could see it continuing to go lower. And"}, {"start": "00:05:52", "end": "00:05:53", "text": "and one of the things that I've talked"}, {"start": "00:05:53", "end": "00:05:57", "text": "about as well is how if you kind of look"}, {"start": "00:05:57", "end": "00:05:59", "text": "at that low right there for Bitcoin, if"}, {"start": "00:05:59", "end": "00:06:01", "text": "you assume that we're kind of in that"}, {"start": "00:06:01", "end": "00:06:05", "text": "top, if you look at that low, that low"}, {"start": "00:06:05", "end": "00:06:08", "text": "actually corresponds Bitcoin is around"}, {"start": "00:06:08", "end": "00:06:10", "text": "$6,500,"}, {"start": "00:06:10", "end": "00:06:11", "text": "right? And we talked before about how"}, {"start": "00:06:11", "end": "00:06:16", "text": "Bitcoin was fighting to stay above 100K."}, {"start": "00:06:16", "end": "00:06:17", "text": "Like over here it was fighting to stay"}, {"start": "00:06:17", "end": "00:06:20", "text": "above 10K."}, {"start": "00:06:20", "end": "00:06:22", "text": "You see that? And you can see that even"}, {"start": "00:06:22", "end": "00:06:24", "text": "after Bitcoin gave up 10K, it still"}, {"start": "00:06:24", "end": "00:06:26", "text": "occasionally rally back up to it. So,"}, {"start": "00:06:26", "end": "00:06:28", "text": "it's not impossible for Bitcoin to"}, {"start": "00:06:28", "end": "00:06:29", "text": "potentially rally back up to 100K at"}, {"start": "00:06:29", "end": "00:06:32", "text": "some point. Um, but you can see that"}, {"start": "00:06:32", "end": "00:06:34", "text": "even if you exclude the pandemic drop,"}, {"start": "00:06:34", "end": "00:06:35", "text": "Bitcoin eventually dropped down to"}, {"start": "00:06:35", "end": "00:06:38", "text": "around 6,500 or so. The reason why"}, {"start": "00:06:38", "end": "00:06:41", "text": "that's interesting is because 6,500"}, {"start": "00:06:41", "end": "00:06:43", "text": "65,000"}, {"start": "00:06:43", "end": "00:06:45", "text": "is probably where that 200E moving"}, {"start": "00:06:45", "end": "00:06:47", "text": "average is going to be by mid next year"}, {"start": "00:06:47", "end": "00:06:49", "text": "if I had to guess. you look at like a"}, {"start": "00:06:49", "end": "00:06:51", "text": "price label"}, {"start": "00:06:51", "end": "00:06:54", "text": "on this like right now it's like 55 but"}, {"start": "00:06:54", "end": "00:06:58", "text": "by by May you're looking at around 67 or"}, {"start": "00:06:58", "end": "00:07:02", "text": "so by October it's going to be 77"}, {"start": "00:07:02", "end": "00:07:05", "text": "and I got to believe that"}, {"start": "00:07:05", "end": "00:07:07", "text": "we will have a date with Destiny at some"}, {"start": "00:07:07", "end": "00:07:11", "text": "point you know I mean it happened in uh"}, {"start": "00:07:11", "end": "00:07:13", "text": "you know in in that cycle you know sort"}, {"start": "00:07:13", "end": "00:07:15", "text": "of a few cycles ago it happened last or"}, {"start": "00:07:15", "end": "00:07:17", "text": "two cycle this happened three cycles ago"}, {"start": "00:07:17", "end": "00:07:19", "text": "two cycles ago last cycle we even went"}, {"start": "00:07:19", "end": "00:07:20", "text": "below it. We could go below it again."}, {"start": "00:07:20", "end": "00:07:21", "text": "It'll probably happen this cycle as"}, {"start": "00:07:21", "end": "00:07:22", "text": "well, right? Like I don't have any"}, {"start": "00:07:22", "end": "00:07:23", "text": "reason to believe this time is"}, {"start": "00:07:23", "end": "00:07:26", "text": "different. Um"}, {"start": "00:07:26", "end": "00:07:28", "text": "it's probably going to happen. And and"}, {"start": "00:07:28", "end": "00:07:29", "text": "so when you think about, you know, the"}, {"start": "00:07:29", "end": "00:07:32", "text": "labor market and whatnot and like why"}, {"start": "00:07:32", "end": "00:07:34", "text": "like, you know, you see all these good"}, {"start": "00:07:34", "end": "00:07:36", "text": "things happening for Bitcoin, you see"}, {"start": "00:07:36", "end": "00:07:37", "text": "all these companies that are buying, you"}, {"start": "00:07:37", "end": "00:07:39", "text": "see all this, you know, this this stuff"}, {"start": "00:07:39", "end": "00:07:41", "text": "with Micro Strategy and and Sailor"}, {"start": "00:07:41", "end": "00:07:43", "text": "talking about buying. Like what's going"}, {"start": "00:07:43", "end": "00:07:46", "text": "on? Really, it's the same exact thing"}, {"start": "00:07:46", "end": "00:07:48", "text": "that happened last cycle. I mean, if you"}, {"start": "00:07:48", "end": "00:07:51", "text": "look at at at at Micro Strategy stock,"}, {"start": "00:07:51", "end": "00:07:53", "text": "is this not a carbon copy of what"}, {"start": "00:07:53", "end": "00:07:56", "text": "happened last cycle? I mean, look at"}, {"start": "00:07:56", "end": "00:07:59", "text": "look at the pattern. It's the same exact"}, {"start": "00:07:59", "end": "00:08:01", "text": "thing. I mean, even down to like the"}, {"start": "00:08:01", "end": "00:08:04", "text": "these high like this these sort of"}, {"start": "00:08:04", "end": "00:08:06", "text": "secondary highs, you know, it's it's"}, {"start": "00:08:06", "end": "00:08:10", "text": "almost the exact same thing. And so what"}, {"start": "00:08:10", "end": "00:08:12", "text": "I would argue"}, {"start": "00:08:12", "end": "00:08:15", "text": "is that Micro Strategy will likely have"}, {"start": "00:08:15", "end": "00:08:20", "text": "a bounce at some point, but my guess is"}, {"start": "00:08:20", "end": "00:08:23", "text": "that this cycle is over for Micro"}, {"start": "00:08:23", "end": "00:08:25", "text": "Strategy, right? Like whenever it gets a"}, {"start": "00:08:25", "end": "00:08:26", "text": "rally, it'll likely just be back up to"}, {"start": "00:08:26", "end": "00:08:29", "text": "the bull market support band. And what"}, {"start": "00:08:29", "end": "00:08:32", "text": "happened last cycle is it found a top in"}, {"start": "00:08:32", "end": "00:08:35", "text": "February of 2021 and then it it found a"}, {"start": "00:08:35", "end": "00:08:39", "text": "low about 15 months later. So, if you"}, {"start": "00:08:39", "end": "00:08:41", "text": "think about it in terms of of that and"}, {"start": "00:08:41", "end": "00:08:44", "text": "you look at like weekly um weekly"}, {"start": "00:08:44", "end": "00:08:47", "text": "candles, 65 weeks, how long has it been"}, {"start": "00:08:47", "end": "00:08:51", "text": "so far? Only at 52. You know, to get to"}, {"start": "00:08:51", "end": "00:08:54", "text": "65, that's going to put you out at least"}, {"start": "00:08:54", "end": "00:08:56", "text": "into February. And back then, not only"}, {"start": "00:08:56", "end": "00:08:59", "text": "did it go 65 weeks, it technically swept"}, {"start": "00:08:59", "end": "00:09:04", "text": "that low week 98. And week 98"}, {"start": "00:09:04", "end": "00:09:07", "text": "puts you in October. And the reason why"}, {"start": "00:09:07", "end": "00:09:09", "text": "October is fascinating is because"}, {"start": "00:09:09", "end": "00:09:12", "text": "normally Bitcoin finds a top one year"}, {"start": "00:09:12", "end": "00:09:14", "text": "after the low or after the high and the"}, {"start": "00:09:14", "end": "00:09:16", "text": "high is in October. So what if the what"}, {"start": "00:09:16", "end": "00:09:19", "text": "if the the cycle the bare market is just"}, {"start": "00:09:19", "end": "00:09:21", "text": "from October to October? I think that's"}, {"start": "00:09:21", "end": "00:09:25", "text": "a completely viable path for Bitcoin."}, {"start": "00:09:25", "end": "00:09:28", "text": "So"}, {"start": "00:09:28", "end": "00:09:29", "text": "that's kind of how I see things going"}, {"start": "00:09:29", "end": "00:09:30", "text": "right now. That's what where the"}, {"start": "00:09:30", "end": "00:09:32", "text": "weakness is coming from for Bitcoin."}, {"start": "00:09:32", "end": "00:09:34", "text": "It's the labor market. It's the"}, {"start": "00:09:34", "end": "00:09:35", "text": "inability for the Fed to cut rates. But"}, {"start": "00:09:35", "end": "00:09:37", "text": "what it really is, if we're being real"}, {"start": "00:09:37", "end": "00:09:39", "text": "with each other, it has nothing to do"}, {"start": "00:09:39", "end": "00:09:40", "text": "with any of that stuff. It has to do"}, {"start": "00:09:40", "end": "00:09:43", "text": "with the fact that this is what Bitcoin"}, {"start": "00:09:43", "end": "00:09:46", "text": "always does. It always tops in Q4 of the"}, {"start": "00:09:46", "end": "00:09:49", "text": "post having year and then it goes down"}, {"start": "00:09:49", "end": "00:09:52", "text": "for a year, right? And we can blame the"}, {"start": "00:09:52", "end": "00:09:55", "text": "labor market. We can blame liquidity. We"}, {"start": "00:09:55", "end": "00:09:58", "text": "can blame whoever, but that's the way"}, {"start": "00:09:58", "end": "00:10:00", "text": "the cycle works. And right, that's the"}, {"start": "00:10:00", "end": "00:10:03", "text": "reason why it makes sense in general to"}, {"start": "00:10:03", "end": "00:10:05", "text": "fade all these narratives about why this"}, {"start": "00:10:05", "end": "00:10:07", "text": "time is different. You know, you can"}, {"start": "00:10:07", "end": "00:10:10", "text": "call it a super cycle or or whatever you"}, {"start": "00:10:10", "end": "00:10:12", "text": "want to, but it doesn't mean that it's"}, {"start": "00:10:12", "end": "00:10:14", "text": "not just going to end up playing out the"}, {"start": "00:10:14", "end": "00:10:16", "text": "exact same way. So, what I would say for"}, {"start": "00:10:16", "end": "00:10:18", "text": "Bitcoin is it'll likely, you know, it's"}, {"start": "00:10:18", "end": "00:10:20", "text": "going to likely come down maybe, and you"}, {"start": "00:10:20", "end": "00:10:22", "text": "can see back over here, it it found a"}, {"start": "00:10:22", "end": "00:10:23", "text": "low before going below that low before"}, {"start": "00:10:23", "end": "00:10:25", "text": "and then it rallied back up to the bull"}, {"start": "00:10:25", "end": "00:10:26", "text": "market support band. So, maybe it does"}, {"start": "00:10:26", "end": "00:10:27", "text": "something similar, right? like it drops"}, {"start": "00:10:27", "end": "00:10:30", "text": "and then it rallies back up and then it"}, {"start": "00:10:30", "end": "00:10:31", "text": "kind of confirms the bare market and"}, {"start": "00:10:31", "end": "00:10:32", "text": "goes to the two and a week moving"}, {"start": "00:10:32", "end": "00:10:35", "text": "average. That seems like a viable path"}, {"start": "00:10:35", "end": "00:10:39", "text": "to me. It does. And the narrative, if"}, {"start": "00:10:39", "end": "00:10:42", "text": "you need one,"}, {"start": "00:10:42", "end": "00:10:44", "text": "is the fact that the Fed is strapped"}, {"start": "00:10:44", "end": "00:10:47", "text": "here. The labor market shows weakness."}, {"start": "00:10:47", "end": "00:10:50", "text": "unemployment rates trending higher but"}, {"start": "00:10:50", "end": "00:10:52", "text": "they cannot justify aggressive cutting"}, {"start": "00:10:52", "end": "00:10:54", "text": "right now"}, {"start": "00:10:54", "end": "00:10:56", "text": "because inflation is heading in the"}, {"start": "00:10:56", "end": "00:10:59", "text": "wrong direction right so inflation is"}, {"start": "00:10:59", "end": "00:11:01", "text": "heading higher you can see it's been"}, {"start": "00:11:01", "end": "00:11:04", "text": "heading higher and so that's why they're"}, {"start": "00:11:04", "end": "00:11:08", "text": "somewhat timid to cut I'm not saying"}, {"start": "00:11:08", "end": "00:11:10", "text": "they should be I mean I I I do think"}, {"start": "00:11:10", "end": "00:11:12", "text": "there's a scenario where they could cut"}, {"start": "00:11:12", "end": "00:11:15", "text": "50 basis points and get away with it but"}, {"start": "00:11:15", "end": "00:11:19", "text": "I don't think they're going too. So, at"}, {"start": "00:11:19", "end": "00:11:20", "text": "the end of the day, you have to trade"}, {"start": "00:11:20", "end": "00:11:22", "text": "the market that you have, not the market"}, {"start": "00:11:22", "end": "00:11:24", "text": "that you want, right? Everyone here"}, {"start": "00:11:24", "end": "00:11:27", "text": "probably wants Bitcoin to go to 200K."}, {"start": "00:11:27", "end": "00:11:29", "text": "And it doesn't mean it won't eventually"}, {"start": "00:11:29", "end": "00:11:32", "text": "go there. But in the short term, we have"}, {"start": "00:11:32", "end": "00:11:33", "text": "to recognize that, hey, like, you know,"}, {"start": "00:11:33", "end": "00:11:35", "text": "there is a little bit of macro weakness"}, {"start": "00:11:35", "end": "00:11:37", "text": "right now. And it's likely due, if you"}, {"start": "00:11:37", "end": "00:11:39", "text": "need a narrative, it's likely due to the"}, {"start": "00:11:39", "end": "00:11:41", "text": "Fed's inability to cut rates too much"}, {"start": "00:11:41", "end": "00:11:43", "text": "more. Um, the inability to really inject"}, {"start": "00:11:43", "end": "00:11:45", "text": "liquidity right now as much as they"}, {"start": "00:11:45", "end": "00:11:46", "text": "would like."}, {"start": "00:11:46", "end": "00:11:49", "text": "likely due to the fact that they cannot"}, {"start": "00:11:49", "end": "00:11:51", "text": "aggressively cut rates with inflation"}, {"start": "00:11:51", "end": "00:11:52", "text": "heading higher. So that's where we are"}, {"start": "00:11:52", "end": "00:11:55", "text": "right now. I think that macro head those"}, {"start": "00:11:55", "end": "00:11:57", "text": "macro headwinds are going to persist"}, {"start": "00:11:57", "end": "00:12:00", "text": "into about mid 2026 and then I can see"}, {"start": "00:12:00", "end": "00:12:01", "text": "the narrative starting to change. But"}, {"start": "00:12:01", "end": "00:12:03", "text": "those are my views. That's your update"}, {"start": "00:12:03", "end": "00:12:04", "text": "on the labor market report. Thank you"}, {"start": "00:12:04", "end": "00:12:05", "text": "guys for tuning in. Make sure you"}, {"start": "00:12:05", "end": "00:12:06", "text": "subscribe. Give the video a thumbs up"}, {"start": "00:12:06", "end": "00:12:07", "text": "and again check out the sale on into the"}, {"start": "00:12:07", "end": "00:12:09", "text": "cryptoverse premium at into the"}, {"start": "00:12:09", "end": "00:12:11", "text": "cryptoverse.com. I'll see you guys next"}, {"start": "00:12:11", "end": "00:12:13", "text": "time. Bye."}]

[{"start": "00:00:01", "end": "00:00:02", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:04", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:07", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:09", "text": "and we're going to just be discussing"}, {"start": "00:00:09", "end": "00:00:11", "text": "what bare markets typically look like"}, {"start": "00:00:11", "end": "00:00:14", "text": "for Bitcoin and how long they they"}, {"start": "00:00:14", "end": "00:00:17", "text": "typically last, what can we expect by"}, {"start": "00:00:17", "end": "00:00:20", "text": "them. Um, if you guys like the content,"}, {"start": "00:00:20", "end": "00:00:21", "text": "make sure you subscribe to the channel,"}, {"start": "00:00:21", "end": "00:00:23", "text": "give the video a thumbs up, and check"}, {"start": "00:00:23", "end": "00:00:25", "text": "out the sale on into the cryptoverse"}, {"start": "00:00:25", "end": "00:00:28", "text": "premium at into the cryptoverse.com."}, {"start": "00:00:28", "end": "00:00:29", "text": "Let's go ahead and jump in. The first"}, {"start": "00:00:29", "end": "00:00:32", "text": "place to start when you think about bare"}, {"start": "00:00:32", "end": "00:00:34", "text": "markets for Bitcoin is that recognizing"}, {"start": "00:00:34", "end": "00:00:37", "text": "that they tend to start in Q4 of the"}, {"start": "00:00:37", "end": "00:00:41", "text": "post having year. Okay, so there is in"}, {"start": "00:00:41", "end": "00:00:43", "text": "fact a chance that this time is not"}, {"start": "00:00:43", "end": "00:00:46", "text": "different despite us all wanting it to"}, {"start": "00:00:46", "end": "00:00:48", "text": "be. Who doesn't want Bitcoin to go to"}, {"start": "00:00:48", "end": "00:00:50", "text": "200K, right? I would love it if it could"}, {"start": "00:00:50", "end": "00:00:53", "text": "do that, but at the same time, we have"}, {"start": "00:00:53", "end": "00:00:56", "text": "to be aware that we could be in a bare"}, {"start": "00:00:56", "end": "00:00:58", "text": "market, right?"}, {"start": "00:00:58", "end": "00:01:01", "text": "And you know there's there's defin"}, {"start": "00:01:01", "end": "00:01:03", "text": "definitely like evidence mounting to to"}, {"start": "00:01:03", "end": "00:01:05", "text": "really start to suggest that and there"}, {"start": "00:01:05", "end": "00:01:06", "text": "has been for a while. We've talked about"}, {"start": "00:01:06", "end": "00:01:09", "text": "some of them already. Um one of them"}, {"start": "00:01:09", "end": "00:01:12", "text": "being like the ROI from the low and"}, {"start": "00:01:12", "end": "00:01:16", "text": "looking at this cycle compared to um you"}, {"start": "00:01:16", "end": "00:01:18", "text": "know the last two cycles. And if you"}, {"start": "00:01:18", "end": "00:01:20", "text": "look at this top right here, it kind of"}, {"start": "00:01:20", "end": "00:01:22", "text": "aligns with the last two tops in terms"}, {"start": "00:01:22", "end": "00:01:26", "text": "of time. And so because of that, we have"}, {"start": "00:01:26", "end": "00:01:29", "text": "to it would be prudent to at least say,"}, {"start": "00:01:29", "end": "00:01:31", "text": "\"Hey,"}, {"start": "00:01:31", "end": "00:01:33", "text": "that that could be it.\" For a long time,"}, {"start": "00:01:33", "end": "00:01:35", "text": "I've said I think the top will either be"}, {"start": "00:01:35", "end": "00:01:39", "text": "in October or December. Not November."}, {"start": "00:01:39", "end": "00:01:40", "text": "November is what we had last time. And"}, {"start": "00:01:40", "end": "00:01:42", "text": "usually Bitcoin doesn't repeat itself"}, {"start": "00:01:42", "end": "00:01:45", "text": "twice in a row. So October or December."}, {"start": "00:01:45", "end": "00:01:47", "text": "Right now it's certainly leaning towards"}, {"start": "00:01:47", "end": "00:01:50", "text": "October. I would say the odds of the top"}, {"start": "00:01:50", "end": "00:01:53", "text": "already being in in October are at least"}, {"start": "00:01:53", "end": "00:01:56", "text": "60 to 70% likely. Yes, there's still"}, {"start": "00:01:56", "end": "00:02:01", "text": "maybe a 30% chance that it's not. But if"}, {"start": "00:02:01", "end": "00:02:04", "text": "we were to get a second weekly close"}, {"start": "00:02:04", "end": "00:02:07", "text": "below the 50we moving average, then the"}, {"start": "00:02:07", "end": "00:02:09", "text": "odds would probably go up to over 80%"}, {"start": "00:02:09", "end": "00:02:12", "text": "that the top is in. you know, is there a"}, {"start": "00:02:12", "end": "00:02:15", "text": "chance that that you know, Bitcoin could"}, {"start": "00:02:15", "end": "00:02:17", "text": "get some type of rally back up and sweep"}, {"start": "00:02:17", "end": "00:02:19", "text": "the high on some type of like massive"}, {"start": "00:02:19", "end": "00:02:21", "text": "bearish divergence? Yeah, like it's"}, {"start": "00:02:21", "end": "00:02:23", "text": "possible. If you look at like the RSI, I"}, {"start": "00:02:23", "end": "00:02:25", "text": "mean, all these lows, sorry, all these"}, {"start": "00:02:25", "end": "00:02:27", "text": "highs have been lower highs and"}, {"start": "00:02:27", "end": "00:02:28", "text": "Bitcoin's been able to go into higher"}, {"start": "00:02:28", "end": "00:02:31", "text": "highs despite the RSI showing clear"}, {"start": "00:02:31", "end": "00:02:33", "text": "weakness for a while. The problem is"}, {"start": "00:02:33", "end": "00:02:35", "text": "that the weekly RSI is starting to break"}, {"start": "00:02:35", "end": "00:02:38", "text": "down. And normally when the weekly RSI"}, {"start": "00:02:38", "end": "00:02:39", "text": "breaks down from like a level that it's"}, {"start": "00:02:39", "end": "00:02:41", "text": "been holding for a while, usually it it"}, {"start": "00:02:41", "end": "00:02:43", "text": "it in fact means that the cycle is in"}, {"start": "00:02:43", "end": "00:02:47", "text": "fact over. So when we think about it, we"}, {"start": "00:02:47", "end": "00:02:48", "text": "have to think about, all right, well,"}, {"start": "00:02:48", "end": "00:02:50", "text": "this seems like a bare market in a lot"}, {"start": "00:02:50", "end": "00:02:52", "text": "of different ways for Bitcoin. And that"}, {"start": "00:02:52", "end": "00:02:54", "text": "doesn't mean that your altcoin can't go"}, {"start": "00:02:54", "end": "00:02:55", "text": "put in new all-time highs. Some alts are"}, {"start": "00:02:55", "end": "00:02:57", "text": "already putting in new all-time highs."}, {"start": "00:02:57", "end": "00:02:58", "text": "More altcoins could continue to put in"}, {"start": "00:02:58", "end": "00:03:00", "text": "new all-time highs. I'm not talking"}, {"start": "00:03:00", "end": "00:03:02", "text": "about your alt. I would of course never"}, {"start": "00:03:02", "end": "00:03:04", "text": "do that. What I'm saying is that for"}, {"start": "00:03:04", "end": "00:03:06", "text": "Bitcoin, it seems like the tides have"}, {"start": "00:03:06", "end": "00:03:10", "text": "started to turn here and that we're kind"}, {"start": "00:03:10", "end": "00:03:14", "text": "of in this downturn after a nonuporic"}, {"start": "00:03:14", "end": "00:03:17", "text": "peak, right? It's a non-uporic peak,"}, {"start": "00:03:17", "end": "00:03:21", "text": "which is very different"}, {"start": "00:03:21", "end": "00:03:23", "text": "from the 2013 peak, the 2017 peak, and"}, {"start": "00:03:23", "end": "00:03:26", "text": "the 2021 peak. So in one sense this time"}, {"start": "00:03:26", "end": "00:03:27", "text": "is not different in the fact that it"}, {"start": "00:03:27", "end": "00:03:29", "text": "seems like the top's occurring at the"}, {"start": "00:03:29", "end": "00:03:30", "text": "same time that it always does and that's"}, {"start": "00:03:30", "end": "00:03:34", "text": "Q4 the post having year. In another way"}, {"start": "00:03:34", "end": "00:03:37", "text": "it's entirely different because when you"}, {"start": "00:03:37", "end": "00:03:43", "text": "look at the social interest in crypto"}, {"start": "00:03:43", "end": "00:03:46", "text": "this is a nonuporic peak. This is not"}, {"start": "00:03:46", "end": "00:03:50", "text": "like 2021 and it's not like 2017 in the"}, {"start": "00:03:50", "end": "00:03:52", "text": "sense that it's not accompanied by"}, {"start": "00:03:52", "end": "00:03:54", "text": "euphoria."}, {"start": "00:03:54", "end": "00:03:57", "text": "And so why is that? Like why is there no"}, {"start": "00:03:57", "end": "00:04:00", "text": "euphoria? What's going on? Why why why"}, {"start": "00:04:00", "end": "00:04:02", "text": "did the alt season never happened that"}, {"start": "00:04:02", "end": "00:04:05", "text": "everyone kept calling for? Well, one of"}, {"start": "00:04:05", "end": "00:04:08", "text": "the things we looked at recently was the"}, {"start": "00:04:08", "end": "00:04:11", "text": "ISM, purchasing managers index. And that"}, {"start": "00:04:11", "end": "00:04:13", "text": "kind of shows you is the manufacturing"}, {"start": "00:04:13", "end": "00:04:15", "text": "shows you kind of this main street idea"}, {"start": "00:04:15", "end": "00:04:19", "text": "of like look in these prior peaks the"}, {"start": "00:04:19", "end": "00:04:21", "text": "PMI"}, {"start": "00:04:21", "end": "00:04:24", "text": "was way up here but this time it's way"}, {"start": "00:04:24", "end": "00:04:27", "text": "down here. Main Street is struggling"}, {"start": "00:04:27", "end": "00:04:28", "text": "right? They don't have this excess"}, {"start": "00:04:28", "end": "00:04:31", "text": "liquidity to go buy crypto with like"}, {"start": "00:04:31", "end": "00:04:34", "text": "they did in the last three peaks. In"}, {"start": "00:04:34", "end": "00:04:37", "text": "fact, it looks a lot more like again"}, {"start": "00:04:37", "end": "00:04:40", "text": "what happened in 2019,"}, {"start": "00:04:40", "end": "00:04:41", "text": "right? It looks a lot more like what"}, {"start": "00:04:41", "end": "00:04:44", "text": "happened in 2019 where Bitcoin went up"}, {"start": "00:04:44", "end": "00:04:46", "text": "but it left the altcoin market behind."}, {"start": "00:04:46", "end": "00:04:48", "text": "And so you could argue that we've"}, {"start": "00:04:48", "end": "00:04:52", "text": "entered into this type of downturn right"}, {"start": "00:04:52", "end": "00:04:55", "text": "here, right? That type of downturn. And"}, {"start": "00:04:55", "end": "00:04:58", "text": "if that is the case, then we also have"}, {"start": "00:04:58", "end": "00:05:00", "text": "to include that as well in our bare"}, {"start": "00:05:00", "end": "00:05:02", "text": "market projections. Now in that case,"}, {"start": "00:05:02", "end": "00:05:06", "text": "Bitcoin dropped about 50% even if you"}, {"start": "00:05:06", "end": "00:05:08", "text": "exclude the pandemic crash, right? So,"}, {"start": "00:05:08", "end": "00:05:11", "text": "let's just exclude that for a moment and"}, {"start": "00:05:11", "end": "00:05:13", "text": "let's just pretend like Bitcoin didn't"}, {"start": "00:05:13", "end": "00:05:16", "text": "go through that right there. Okay, it"}, {"start": "00:05:16", "end": "00:05:19", "text": "was about a 50% drop. The reason why a"}, {"start": "00:05:19", "end": "00:05:22", "text": "50% drop from the high does seem like an"}, {"start": "00:05:22", "end": "00:05:25", "text": "eventual outcome is because you can also"}, {"start": "00:05:25", "end": "00:05:27", "text": "see that in all these prior midterm"}, {"start": "00:05:27", "end": "00:05:29", "text": "years or sometimes in in other years,"}, {"start": "00:05:29", "end": "00:05:31", "text": "but Bitcoin tends to check in with its"}, {"start": "00:05:31", "end": "00:05:34", "text": "200E moving average. Last cycle, it even"}, {"start": "00:05:34", "end": "00:05:36", "text": "went below it. And so when you look at"}, {"start": "00:05:36", "end": "00:05:38", "text": "the 200E moving average, it's currently"}, {"start": "00:05:38", "end": "00:05:42", "text": "at around 55 to 56K. Now, by the time"}, {"start": "00:05:42", "end": "00:05:45", "text": "you're looking at like mid next year,"}, {"start": "00:05:45", "end": "00:05:48", "text": "it's going to be closer to 60 to 70K."}, {"start": "00:05:48", "end": "00:05:50", "text": "You know, if you like look at at where"}, {"start": "00:05:50", "end": "00:05:53", "text": "it is on that line, you can see how"}, {"start": "00:05:53", "end": "00:05:56", "text": "it'll be between say 60 to 70K. I need"}, {"start": "00:05:56", "end": "00:05:58", "text": "to sneeze. Um,"}, {"start": "00:05:58", "end": "00:06:02", "text": "I'm not going to edit it out, but that's"}, {"start": "00:06:02", "end": "00:06:05", "text": "what I'm looking at because when 2019,"}, {"start": "00:06:05", "end": "00:06:08", "text": "that's exactly the type of drop it got."}, {"start": "00:06:08", "end": "00:06:10", "text": "Exactly the type of drop it got. In"}, {"start": "00:06:10", "end": "00:06:13", "text": "fact, if you take a bar pattern"}, {"start": "00:06:13", "end": "00:06:15", "text": "um"}, {"start": "00:06:15", "end": "00:06:18", "text": "on this 2019 top,"}, {"start": "00:06:18", "end": "00:06:21", "text": "let me I I can do better than that. Um,"}, {"start": "00:06:21", "end": "00:06:25", "text": "and you line that up"}, {"start": "00:06:26", "end": "00:06:28", "text": "Right? If you look at that and you just"}, {"start": "00:06:28", "end": "00:06:30", "text": "kind of come over here,"}, {"start": "00:06:30", "end": "00:06:31", "text": "you can kind of see what I'm talking"}, {"start": "00:06:31", "end": "00:06:33", "text": "about, right? Like, you know, it's"}, {"start": "00:06:33", "end": "00:06:35", "text": "possible for Bitcoin to bounce back up"}, {"start": "00:06:35", "end": "00:06:37", "text": "in here, maybe even go back to 100K a"}, {"start": "00:06:37", "end": "00:06:39", "text": "couple of times, but eventually, it"}, {"start": "00:06:39", "end": "00:06:41", "text": "seems like, you know, by May or"}, {"start": "00:06:41", "end": "00:06:42", "text": "something, it's going to find itself"}, {"start": "00:06:42", "end": "00:06:46", "text": "between 60 and 70K."}, {"start": "00:06:46", "end": "00:06:50", "text": "Now, if you ignore"}, {"start": "00:06:50", "end": "00:06:53", "text": "the 2019 bear, or if you want to include"}, {"start": "00:06:53", "end": "00:06:55", "text": "the pandemic drop, you could argue that"}, {"start": "00:06:55", "end": "00:06:59", "text": "Bitcoin did in fact drop about 70%."}, {"start": "00:06:59", "end": "00:07:02", "text": "I am under the assumption right now, and"}, {"start": "00:07:02", "end": "00:07:04", "text": "maybe I'll change my mind, but I'm under"}, {"start": "00:07:04", "end": "00:07:07", "text": "the assumption right now that we are in"}, {"start": "00:07:07", "end": "00:07:09", "text": "this type of a bare market."}, {"start": "00:07:09", "end": "00:07:13", "text": "And the reason is because we are coming"}, {"start": "00:07:13", "end": "00:07:16", "text": "off a nonuporic top. You can have bare"}, {"start": "00:07:16", "end": "00:07:18", "text": "markets off non-uporic tops just like"}, {"start": "00:07:18", "end": "00:07:21", "text": "2019 showed us. But if it is a bare"}, {"start": "00:07:21", "end": "00:07:24", "text": "market off of a non-uporic top, then the"}, {"start": "00:07:24", "end": "00:07:26", "text": "nature of the bare the bare market might"}, {"start": "00:07:26", "end": "00:07:27", "text": "be very different than a bare market"}, {"start": "00:07:27", "end": "00:07:31", "text": "coming from a euphoric top."}, {"start": "00:07:31", "end": "00:07:33", "text": "If it is the same, and it doesn't matter"}, {"start": "00:07:33", "end": "00:07:35", "text": "whether it's met on euphoria or not. If"}, {"start": "00:07:35", "end": "00:07:37", "text": "it is the same, then you still want to"}, {"start": "00:07:37", "end": "00:07:39", "text": "look at a chart like this, which shows"}, {"start": "00:07:39", "end": "00:07:42", "text": "the ROI of Bitcoin as measured from the"}, {"start": "00:07:42", "end": "00:07:45", "text": "peak. Okay? So if you go through all"}, {"start": "00:07:45", "end": "00:07:47", "text": "these different cycles, you look at"}, {"start": "00:07:47", "end": "00:07:49", "text": "cycle you sort of the first bare market"}, {"start": "00:07:49", "end": "00:07:51", "text": "and and in that bare market, what you're"}, {"start": "00:07:51", "end": "00:07:52", "text": "really looking at is you're just looking"}, {"start": "00:07:52", "end": "00:07:54", "text": "at this very brief troll down right"}, {"start": "00:07:54", "end": "00:07:57", "text": "here. Okay, so that's the first one."}, {"start": "00:07:57", "end": "00:08:01", "text": "And the second one looked like that"}, {"start": "00:08:01", "end": "00:08:03", "text": "about a year. The third one was about a"}, {"start": "00:08:03", "end": "00:08:05", "text": "year. The fourth one was about a year."}, {"start": "00:08:05", "end": "00:08:08", "text": "So when I look at a chart like this, I"}, {"start": "00:08:08", "end": "00:08:10", "text": "think, okay,"}, {"start": "00:08:10", "end": "00:08:15", "text": "there's a chance that the low is next"}, {"start": "00:08:15", "end": "00:08:18", "text": "October. And that honestly should be the"}, {"start": "00:08:18", "end": "00:08:21", "text": "base outcome, right? Is that all right,"}, {"start": "00:08:21", "end": "00:08:23", "text": "if the high was in October, then the low"}, {"start": "00:08:23", "end": "00:08:25", "text": "could very well be in October of 2026."}, {"start": "00:08:25", "end": "00:08:27", "text": "It's a one-year bare market, and we've"}, {"start": "00:08:27", "end": "00:08:29", "text": "had three of those already, and they've"}, {"start": "00:08:29", "end": "00:08:31", "text": "all happened in midterm years, and they"}, {"start": "00:08:31", "end": "00:08:33", "text": "all started in Q4, the postdiving year."}, {"start": "00:08:33", "end": "00:08:36", "text": "So, absolutely, we need to be prepared"}, {"start": "00:08:36", "end": "00:08:38", "text": "for a potential year-long bare market"}, {"start": "00:08:38", "end": "00:08:41", "text": "that could take until October. If you"}, {"start": "00:08:41", "end": "00:08:43", "text": "want to include the first bare market"}, {"start": "00:08:43", "end": "00:08:46", "text": "and also the 2019 bare market, there is"}, {"start": "00:08:46", "end": "00:08:49", "text": "a scenario where it only lasts about"}, {"start": "00:08:49", "end": "00:08:53", "text": "half a year, right? Where it drops, but"}, {"start": "00:08:53", "end": "00:08:55", "text": "then it kind of like finds support"}, {"start": "00:08:55", "end": "00:08:57", "text": "around May or something. And maybe it"}, {"start": "00:08:57", "end": "00:08:59", "text": "does something like this, right? but it"}, {"start": "00:08:59", "end": "00:09:00", "text": "finds support around the 200E moving"}, {"start": "00:09:00", "end": "00:09:03", "text": "average and tries to hold that by by"}, {"start": "00:09:03", "end": "00:09:05", "text": "sometime you know before the summer of"}, {"start": "00:09:05", "end": "00:09:07", "text": "next year before the summer of 2026 it's"}, {"start": "00:09:07", "end": "00:09:09", "text": "not like it's impossible for that to"}, {"start": "00:09:09", "end": "00:09:12", "text": "happen I mean if you look at Ethereum"}, {"start": "00:09:12", "end": "00:09:15", "text": "Ethereum last cycle bottomed in June you"}, {"start": "00:09:15", "end": "00:09:19", "text": "know if you look at Micro Strategy last"}, {"start": "00:09:19", "end": "00:09:22", "text": "cycle it bottomed in May and then it"}, {"start": "00:09:22", "end": "00:09:26", "text": "swept the low in December but it I mean"}, {"start": "00:09:26", "end": "00:09:28", "text": "more or less the low was in A and then"}, {"start": "00:09:28", "end": "00:09:30", "text": "we just kind of double bottomed half a"}, {"start": "00:09:30", "end": "00:09:32", "text": "year later. What's also interesting is"}, {"start": "00:09:32", "end": "00:09:35", "text": "that while it feels different this time"}, {"start": "00:09:35", "end": "00:09:37", "text": "for Micro Strategy, so far it's been the"}, {"start": "00:09:37", "end": "00:09:40", "text": "exact same thing. In fact, if you take a"}, {"start": "00:09:40", "end": "00:09:43", "text": "bar pattern on Micro Strategy here, if"}, {"start": "00:09:43", "end": "00:09:45", "text": "you look at a bar pattern of it, hold"}, {"start": "00:09:45", "end": "00:09:48", "text": "on, let me fix this. Um,"}, {"start": "00:09:48", "end": "00:09:50", "text": "and we just kind of like"}, {"start": "00:09:50", "end": "00:09:52", "text": "match this up here. Like if you look at"}, {"start": "00:09:52", "end": "00:09:53", "text": "that bar pattern and you overlay it"}, {"start": "00:09:53", "end": "00:09:56", "text": "here, I mean, it's almost a carbon copy,"}, {"start": "00:09:56", "end": "00:09:57", "text": "right? Right. And yeah, like you're"}, {"start": "00:09:57", "end": "00:09:58", "text": "probably going to have a counter trend"}, {"start": "00:09:58", "end": "00:10:00", "text": "rally at some point back up to the bull"}, {"start": "00:10:00", "end": "00:10:03", "text": "market support band, which would likely"}, {"start": "00:10:03", "end": "00:10:05", "text": "also correspond to Bitcoin USD going"}, {"start": "00:10:05", "end": "00:10:06", "text": "back up to its 200 day moving average."}, {"start": "00:10:06", "end": "00:10:08", "text": "But the problem is that it likely will"}, {"start": "00:10:08", "end": "00:10:10", "text": "be a lower high. And then if this bar"}, {"start": "00:10:10", "end": "00:10:11", "text": "pattern continues to play out, you could"}, {"start": "00:10:11", "end": "00:10:14", "text": "see Micro Strategy dropping into early"}, {"start": "00:10:14", "end": "00:10:18", "text": "2026. And if it sweeps the low later,"}, {"start": "00:10:18", "end": "00:10:20", "text": "guess what? How many weeks did it take"}, {"start": "00:10:20", "end": "00:10:22", "text": "last cycle from the high to the final"}, {"start": "00:10:22", "end": "00:10:26", "text": "low? About 98 weeks. Now look at this"}, {"start": "00:10:26", "end": "00:10:30", "text": "cycle. 98 weeks would put you"}, {"start": "00:10:30", "end": "00:10:34", "text": "in October of 2026, which might be when"}, {"start": "00:10:34", "end": "00:10:35", "text": "Bitcoin bottoms if the bare market is"}, {"start": "00:10:35", "end": "00:10:38", "text": "one year. So"}, {"start": "00:10:38", "end": "00:10:40", "text": "we just you have to consider it, right?"}, {"start": "00:10:40", "end": "00:10:42", "text": "Like I mean I know anytime I post"}, {"start": "00:10:42", "end": "00:10:43", "text": "anything bearish for the last, you know,"}, {"start": "00:10:43", "end": "00:10:44", "text": "few weeks or whatever, we talk about"}, {"start": "00:10:44", "end": "00:10:45", "text": "this stuff, everyone's like, \"Oh, no.\""}, {"start": "00:10:45", "end": "00:10:48", "text": "like, you know, but we have to consider"}, {"start": "00:10:48", "end": "00:10:51", "text": "it because if we don't,"}, {"start": "00:10:51", "end": "00:10:52", "text": "it just seems it just seems like we're"}, {"start": "00:10:52", "end": "00:10:54", "text": "we're just trying to pretend like it's"}, {"start": "00:10:54", "end": "00:10:56", "text": "not happening. Um, and look guys, I"}, {"start": "00:10:56", "end": "00:10:58", "text": "don't flip my bias very frequently. But"}, {"start": "00:10:58", "end": "00:11:00", "text": "I'll say this, if Bitcoin gets back"}, {"start": "00:11:00", "end": "00:11:02", "text": "above the 50we moving average before the"}, {"start": "00:11:02", "end": "00:11:05", "text": "weekly close, then I will I will take"}, {"start": "00:11:05", "end": "00:11:07", "text": "the bearish goggles off. I'll take the"}, {"start": "00:11:07", "end": "00:11:10", "text": "bare goggles off and and and I'll look"}, {"start": "00:11:10", "end": "00:11:12", "text": "at the market in a different way. But we"}, {"start": "00:11:12", "end": "00:11:15", "text": "got to get back up there. In 2019, we"}, {"start": "00:11:15", "end": "00:11:17", "text": "did."}, {"start": "00:11:17", "end": "00:11:19", "text": "After going below the 50we, we had a"}, {"start": "00:11:19", "end": "00:11:22", "text": "wick down and we went back up. In 2021,"}, {"start": "00:11:22", "end": "00:11:24", "text": "after closing below the 50we, we had a"}, {"start": "00:11:24", "end": "00:11:26", "text": "wick down and then we went back up. It's"}, {"start": "00:11:26", "end": "00:11:28", "text": "not impossible, but I was really I was"}, {"start": "00:11:28", "end": "00:11:30", "text": "hoping that maybe the labor market"}, {"start": "00:11:30", "end": "00:11:32", "text": "report would lead to some type of rally"}, {"start": "00:11:32", "end": "00:11:35", "text": "and it hasn't. And so now with it not"}, {"start": "00:11:35", "end": "00:11:38", "text": "leading to a rally, it might take until"}, {"start": "00:11:38", "end": "00:11:41", "text": "December to see any type of of of"}, {"start": "00:11:41", "end": "00:11:43", "text": "relief, you know, when QT ends and and"}, {"start": "00:11:43", "end": "00:11:47", "text": "maybe if we're lucky, they cut rates. So"}, {"start": "00:11:47", "end": "00:11:48", "text": "that's kind of where I am right now."}, {"start": "00:11:48", "end": "00:11:50", "text": "This is one of those things where if if"}, {"start": "00:11:50", "end": "00:11:52", "text": "it truly is a bare market, which seems"}, {"start": "00:11:52", "end": "00:11:54", "text": "like the evidence is mounting for, just"}, {"start": "00:11:54", "end": "00:11:56", "text": "remember"}, {"start": "00:11:56", "end": "00:11:58", "text": "over the long haul,"}, {"start": "00:11:58", "end": "00:12:00", "text": "bull markets make you money, bare"}, {"start": "00:12:00", "end": "00:12:03", "text": "markets make you rich, right? The money"}, {"start": "00:12:03", "end": "00:12:05", "text": "is made in the bare market, right? The"}, {"start": "00:12:05", "end": "00:12:07", "text": "people that made the money this cycle"}, {"start": "00:12:07", "end": "00:12:08", "text": "are the people that bought down here,"}, {"start": "00:12:08", "end": "00:12:10", "text": "right? Because they could sell even at"}, {"start": "00:12:10", "end": "00:12:15", "text": "87K and they're still up a ton."}, {"start": "00:12:15", "end": "00:12:17", "text": "That's where the money is made. Not as"}, {"start": "00:12:17", "end": "00:12:19", "text": "much money is made like late bull"}, {"start": "00:12:19", "end": "00:12:23", "text": "market. So, we have to consider we have"}, {"start": "00:12:23", "end": "00:12:25", "text": "to consider that that's exactly where we"}, {"start": "00:12:25", "end": "00:12:27", "text": "are and that there's likely going to be"}, {"start": "00:12:27", "end": "00:12:29", "text": "some counter trend rallies to then draw"}, {"start": "00:12:29", "end": "00:12:31", "text": "people back in only to then go go back"}, {"start": "00:12:31", "end": "00:12:32", "text": "down. So, I just want people to be aware"}, {"start": "00:12:32", "end": "00:12:35", "text": "of that. I want people to be aware that,"}, {"start": "00:12:35", "end": "00:12:38", "text": "you know, if this is what a bare market"}, {"start": "00:12:38", "end": "00:12:39", "text": "looks like, right, where you get this"}, {"start": "00:12:39", "end": "00:12:41", "text": "downturn and we we just showed those"}, {"start": "00:12:41", "end": "00:12:44", "text": "four and here's the current one. So, if"}, {"start": "00:12:44", "end": "00:12:46", "text": "you look at the one we're in right now"}, {"start": "00:12:46", "end": "00:12:48", "text": "potentially and you compare it to last"}, {"start": "00:12:48", "end": "00:12:51", "text": "cycle, it's tracking like it's almost"}, {"start": "00:12:51", "end": "00:12:53", "text": "identical. If you track it to the cycle"}, {"start": "00:12:53", "end": "00:12:56", "text": "before, it's not as bad. In that case,"}, {"start": "00:12:56", "end": "00:12:59", "text": "it found a low on day 51 and we're"}, {"start": "00:12:59", "end": "00:13:00", "text": "currently on day 46, but I'm recording"}, {"start": "00:13:00", "end": "00:13:02", "text": "this on November 20th and who the hell"}, {"start": "00:13:02", "end": "00:13:03", "text": "knows when I'm going to release it to"}, {"start": "00:13:03", "end": "00:13:05", "text": "you because I'm I'm, you know, with with"}, {"start": "00:13:05", "end": "00:13:07", "text": "next week being Thanksgiving and stuff."}, {"start": "00:13:07", "end": "00:13:08", "text": "You know, there's going to be some"}, {"start": "00:13:08", "end": "00:13:10", "text": "traveling going on. If you look at the"}, {"start": "00:13:10", "end": "00:13:12", "text": "cycle after that, again, perfectly"}, {"start": "00:13:12", "end": "00:13:14", "text": "tracking it. Cycle before that, it's not"}, {"start": "00:13:14", "end": "00:13:17", "text": "as bad. But in all, you know, all in"}, {"start": "00:13:17", "end": "00:13:19", "text": "all, I mean, it does seem like a fairly"}, {"start": "00:13:19", "end": "00:13:21", "text": "familiar pattern."}, {"start": "00:13:21", "end": "00:13:23", "text": "So, I just want you guys to be aware"}, {"start": "00:13:23", "end": "00:13:25", "text": "that, you know, what does the bare"}, {"start": "00:13:25", "end": "00:13:27", "text": "market look like? How long could it"}, {"start": "00:13:27", "end": "00:13:29", "text": "last? I think it's going to last at"}, {"start": "00:13:29", "end": "00:13:32", "text": "least 6 months. Um, assuming, of course,"}, {"start": "00:13:32", "end": "00:13:35", "text": "assuming the top is in. Uh, and I I I"}, {"start": "00:13:35", "end": "00:13:36", "text": "think what makes the most amount of"}, {"start": "00:13:36", "end": "00:13:39", "text": "sense to me is with an October high, you"}, {"start": "00:13:39", "end": "00:13:43", "text": "would expect an October 2026 low. So,"}, {"start": "00:13:43", "end": "00:13:45", "text": "that's the way I'm thinking about this"}, {"start": "00:13:45", "end": "00:13:48", "text": "and and kind of where my bias is at the"}, {"start": "00:13:48", "end": "00:13:50", "text": "current moment as it relates to Bitcoin."}, {"start": "00:13:50", "end": "00:13:52", "text": "If you guys like the content, make sure"}, {"start": "00:13:52", "end": "00:13:53", "text": "you subscribe to the channel, give the"}, {"start": "00:13:53", "end": "00:13:54", "text": "video a thumbs up, and again, check out"}, {"start": "00:13:54", "end": "00:13:56", "text": "the sale on Into the Cryptoverse Premium"}, {"start": "00:13:56", "end": "00:13:58", "text": "at into the cryptoverse.com. I'll see"}, {"start": "00:13:58", "end": "00:14:00", "text": "you guys next time."}]

[{"start": "00:00:01", "end": "00:00:02", "text": "Hey everyone and thanks for dropping"}, {"start": "00:00:02", "end": "00:00:04", "text": "back into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:07", "text": "Today we're going to talk about Ethereum"}, {"start": "00:00:07", "end": "00:00:10", "text": "dubious speculation. If you guys like"}, {"start": "00:00:10", "end": "00:00:11", "text": "the content, make sure you subscribe to"}, {"start": "00:00:11", "end": "00:00:13", "text": "the channel, give the video a thumbs up,"}, {"start": "00:00:13", "end": "00:00:15", "text": "and also check out the sale on Into the"}, {"start": "00:00:15", "end": "00:00:17", "text": "Cryptoverse Premium at into the"}, {"start": "00:00:17", "end": "00:00:19", "text": "cryptoverse.com."}, {"start": "00:00:19", "end": "00:00:21", "text": "Let's go ahead and jump in. So, Ethereum"}, {"start": "00:00:21", "end": "00:00:24", "text": "is trading right around $3,000. And I"}, {"start": "00:00:24", "end": "00:00:26", "text": "just wanted to try to make some sense of"}, {"start": "00:00:26", "end": "00:00:28", "text": "the price action over the last few years"}, {"start": "00:00:28", "end": "00:00:29", "text": "because it certainly does seem like"}, {"start": "00:00:29", "end": "00:00:31", "text": "we're just chasing one narrative after"}, {"start": "00:00:31", "end": "00:00:34", "text": "another. You know, go to 4K, back down,"}, {"start": "00:00:34", "end": "00:00:36", "text": "back to 4K, even deeper, 4K again, go"}, {"start": "00:00:36", "end": "00:00:39", "text": "down again, then go above 4K, go almost"}, {"start": "00:00:39", "end": "00:00:41", "text": "to 5K, come back down. We're just"}, {"start": "00:00:41", "end": "00:00:44", "text": "chasing one narrative after another. But"}, {"start": "00:00:44", "end": "00:00:46", "text": "in other ways, it's playing out exactly"}, {"start": "00:00:46", "end": "00:00:48", "text": "the same way as it has in prior cycles."}, {"start": "00:00:48", "end": "00:00:50", "text": "for instance, usually what Ethereum does"}, {"start": "00:00:50", "end": "00:00:53", "text": "is it'll rally for a while while Bitcoin"}, {"start": "00:00:53", "end": "00:00:56", "text": "rallies, but it underperforms Bitcoin,"}, {"start": "00:00:56", "end": "00:00:58", "text": "right? And so if you overlay ETH Bitcoin"}, {"start": "00:00:58", "end": "00:01:01", "text": "onto the ETHUSD chart, what you'll see"}, {"start": "00:01:01", "end": "00:01:03", "text": "is that after ETHUSD"}, {"start": "00:01:03", "end": "00:01:06", "text": "breaks down from its sort of like it's"}, {"start": "00:01:06", "end": "00:01:08", "text": "its local uptrend, like when it breaks"}, {"start": "00:01:08", "end": "00:01:11", "text": "down from it, that is historically"}, {"start": "00:01:11", "end": "00:01:14", "text": "when ETH Bitcoin finds a low, right? And"}, {"start": "00:01:14", "end": "00:01:15", "text": "you can see this time has been no"}, {"start": "00:01:15", "end": "00:01:18", "text": "different. ETHUSD was in this macro"}, {"start": "00:01:18", "end": "00:01:21", "text": "uptrend. It finally broke down here,"}, {"start": "00:01:21", "end": "00:01:23", "text": "right? It broke down. And when it broke"}, {"start": "00:01:23", "end": "00:01:26", "text": "down, it went to the regression band,"}, {"start": "00:01:26", "end": "00:01:28", "text": "right? It went home as we call it. And"}, {"start": "00:01:28", "end": "00:01:30", "text": "when it goes home, that's usually when"}, {"start": "00:01:30", "end": "00:01:34", "text": "ETH Bitcoin bottoms out. So this time,"}, {"start": "00:01:34", "end": "00:01:35", "text": "you know, of course, has been no"}, {"start": "00:01:35", "end": "00:01:36", "text": "different. It's played out like every"}, {"start": "00:01:36", "end": "00:01:41", "text": "other cycle. Now, what's hard is that,"}, {"start": "00:01:41", "end": "00:01:43", "text": "you know, we talked about how Ethereum"}, {"start": "00:01:43", "end": "00:01:45", "text": "would get a correction after it went to"}, {"start": "00:01:45", "end": "00:01:49", "text": "a new all-time high, and it has, but the"}, {"start": "00:01:49", "end": "00:01:51", "text": "car the correction has gone a little"}, {"start": "00:01:51", "end": "00:01:54", "text": "deeper, you know, than I I think a lot"}, {"start": "00:01:54", "end": "00:01:56", "text": "of us were expecting, including myself."}, {"start": "00:01:56", "end": "00:01:58", "text": "I was thinking about a 30% drop made"}, {"start": "00:01:58", "end": "00:02:01", "text": "sense. That's it's fairly normal to get"}, {"start": "00:02:01", "end": "00:02:04", "text": "a 30% drop, but this has now turned into"}, {"start": "00:02:04", "end": "00:02:07", "text": "a 40% drop. All right, it's been a 40%"}, {"start": "00:02:07", "end": "00:02:09", "text": "drop. It's not like we haven't had those"}, {"start": "00:02:09", "end": "00:02:11", "text": "before. I mean, we've certainly had 40%"}, {"start": "00:02:11", "end": "00:02:13", "text": "drops, but it's been a little bit"}, {"start": "00:02:13", "end": "00:02:15", "text": "deeper. And I wanted to talk a little"}, {"start": "00:02:15", "end": "00:02:16", "text": "bit about it because there's two things"}, {"start": "00:02:16", "end": "00:02:18", "text": "we can compare it to. We can compare it"}, {"start": "00:02:18", "end": "00:02:20", "text": "to Bitcoin two cycles ago, or we can"}, {"start": "00:02:20", "end": "00:02:23", "text": "compare it to Tesla delayed. All right."}, {"start": "00:02:23", "end": "00:02:26", "text": "Now, the more bullish view is to compare"}, {"start": "00:02:26", "end": "00:02:29", "text": "it to Bitcoin two cycles ago because"}, {"start": "00:02:29", "end": "00:02:33", "text": "Ethereum so far this cycle went from"}, {"start": "00:02:33", "end": "00:02:34", "text": "4,900,"}, {"start": "00:02:34", "end": "00:02:39", "text": "right? it went from 4,900 to 2900."}, {"start": "00:02:39", "end": "00:02:42", "text": "Well, in 2017, Bitcoin went from 4,900"}, {"start": "00:02:42", "end": "00:02:46", "text": "to 2,900 before getting a final rally."}, {"start": "00:02:46", "end": "00:02:50", "text": "So, that's the bullish view. Obviously,"}, {"start": "00:02:50", "end": "00:02:53", "text": "this market structure looks a lot more"}, {"start": "00:02:53", "end": "00:02:55", "text": "bullish for Bitcoin than what Ethereum"}, {"start": "00:02:55", "end": "00:02:57", "text": "has. I mean, this is just like all over"}, {"start": "00:02:57", "end": "00:03:00", "text": "the place. It's not as clear that it's"}, {"start": "00:03:00", "end": "00:03:01", "text": "the same thing. And in fact, it very"}, {"start": "00:03:01", "end": "00:03:04", "text": "well might not be the same thing. But"}, {"start": "00:03:04", "end": "00:03:07", "text": "you can see um you know you can see just"}, {"start": "00:03:07", "end": "00:03:11", "text": "how how different it has been right like"}, {"start": "00:03:11", "end": "00:03:14", "text": "it's instead of Bitcoin in 2017 where it"}, {"start": "00:03:14", "end": "00:03:16", "text": "was nice and constructive with higher"}, {"start": "00:03:16", "end": "00:03:18", "text": "lows Ethereum has just been all over the"}, {"start": "00:03:18", "end": "00:03:20", "text": "place but you can at least notice the"}, {"start": "00:03:20", "end": "00:03:22", "text": "pattern 4900 to 2900. Now last cycle"}, {"start": "00:03:22", "end": "00:03:25", "text": "Ethereum did something similar um but it"}, {"start": "00:03:25", "end": "00:03:28", "text": "ended up dropping down to 2100 after"}, {"start": "00:03:28", "end": "00:03:30", "text": "going up near 4900. It dropped to 2100."}, {"start": "00:03:30", "end": "00:03:33", "text": "Now 2100 is also an important level"}, {"start": "00:03:33", "end": "00:03:35", "text": "because 2100 for Ethereum would be"}, {"start": "00:03:35", "end": "00:03:38", "text": "basically back it at at the low right"}, {"start": "00:03:38", "end": "00:03:42", "text": "there that it had in June."}, {"start": "00:03:42", "end": "00:03:45", "text": "It wasn't my base case that we would go"}, {"start": "00:03:45", "end": "00:03:48", "text": "that low and maybe we don't have to. But"}, {"start": "00:03:48", "end": "00:03:51", "text": "I will say this, if Ethereum gives up"}, {"start": "00:03:51", "end": "00:03:53", "text": "2900,"}, {"start": "00:03:53", "end": "00:03:54", "text": "there's a high chance it would go to"}, {"start": "00:03:54", "end": "00:03:56", "text": "2100."}, {"start": "00:03:56", "end": "00:04:00", "text": "So the window of weakness is for about"}, {"start": "00:04:00", "end": "00:04:02", "text": "three three to four more weeks. And the"}, {"start": "00:04:02", "end": "00:04:04", "text": "reason I say that is because when you"}, {"start": "00:04:04", "end": "00:04:07", "text": "look at ETH Bitcoin, it tends to bleed"}, {"start": "00:04:07", "end": "00:04:10", "text": "into December. Okay. Now, if you look at"}, {"start": "00:04:10", "end": "00:04:13", "text": "major earning points by Ethereum's"}, {"start": "00:04:13", "end": "00:04:15", "text": "Bitcoin valuation, December 2015,"}, {"start": "00:04:15", "end": "00:04:19", "text": "December 2016, December 2017, December"}, {"start": "00:04:19", "end": "00:04:22", "text": "2018, December 2019,"}, {"start": "00:04:22", "end": "00:04:25", "text": "um December 2020, and maybe not as much"}, {"start": "00:04:25", "end": "00:04:28", "text": "in 2022, but you can see that December"}, {"start": "00:04:28", "end": "00:04:31", "text": "is a turning point. In fact, ETH Bitcoin"}, {"start": "00:04:31", "end": "00:04:34", "text": "found a low near the same level this"}, {"start": "00:04:34", "end": "00:04:36", "text": "cycle that it did last cycle and then it"}, {"start": "00:04:36", "end": "00:04:39", "text": "rallied up to the a very similar level"}, {"start": "00:04:39", "end": "00:04:41", "text": "and then got a a drop back down to about"}, {"start": "00:04:41", "end": "00:04:43", "text": "0029."}, {"start": "00:04:43", "end": "00:04:45", "text": "Now, what I'm looking at right now for"}, {"start": "00:04:45", "end": "00:04:47", "text": "the ETH Bitcoin valuation, I'm looking"}, {"start": "00:04:47", "end": "00:04:49", "text": "for it to continue to bleed into"}, {"start": "00:04:49", "end": "00:04:51", "text": "December. Now, the reason why that's a"}, {"start": "00:04:51", "end": "00:04:54", "text": "problem is because ETHUSD's valuation is"}, {"start": "00:04:54", "end": "00:04:56", "text": "very much just dependent on what Bitcoin"}, {"start": "00:04:56", "end": "00:04:57", "text": "does, right? Like if Bitcoin bounces"}, {"start": "00:04:57", "end": "00:05:01", "text": "here, then ETH could hold 2,900 while"}, {"start": "00:05:01", "end": "00:05:03", "text": "Bitcoin outperforms Ethereum for the"}, {"start": "00:05:03", "end": "00:05:05", "text": "next 3 weeks, right? Like it's possible"}, {"start": "00:05:05", "end": "00:05:07", "text": "that you get one of those dead cat"}, {"start": "00:05:07", "end": "00:05:10", "text": "bounces or whatever back up. But the"}, {"start": "00:05:10", "end": "00:05:12", "text": "problem is that what if Bitcoin"}, {"start": "00:05:12", "end": "00:05:14", "text": "continues to go down? Because if Bitcoin"}, {"start": "00:05:14", "end": "00:05:16", "text": "continues to go down and the expectation"}, {"start": "00:05:16", "end": "00:05:18", "text": "is that ETH will bleed against Bitcoin"}, {"start": "00:05:18", "end": "00:05:20", "text": "for the next three weeks, which is my"}, {"start": "00:05:20", "end": "00:05:22", "text": "baseline expectation and I told you guys"}, {"start": "00:05:22", "end": "00:05:24", "text": "back in August when it swept the high"}, {"start": "00:05:24", "end": "00:05:26", "text": "here, it was likely going to bleed for a"}, {"start": "00:05:26", "end": "00:05:28", "text": "while. And the reason I thought it would"}, {"start": "00:05:28", "end": "00:05:30", "text": "sweep that high or the reason why I"}, {"start": "00:05:30", "end": "00:05:33", "text": "thought ETH Bitcoin would fall after"}, {"start": "00:05:33", "end": "00:05:36", "text": "getting up to this level was because on"}, {"start": "00:05:36", "end": "00:05:39", "text": "that day on the week of August 18th"}, {"start": "00:05:39", "end": "00:05:41", "text": "right here, the week of August 18th, we"}, {"start": "00:05:41", "end": "00:05:43", "text": "said that ETHUSD would get rejected on"}, {"start": "00:05:43", "end": "00:05:45", "text": "its first attempt to break through the"}, {"start": "00:05:45", "end": "00:05:46", "text": "prior all-time high, right? Like it"}, {"start": "00:05:46", "end": "00:05:47", "text": "would sweep above it and then get"}, {"start": "00:05:47", "end": "00:05:50", "text": "rejected. And that's what happened,"}, {"start": "00:05:50", "end": "00:05:52", "text": "right? Ethereum broke through, but it"}, {"start": "00:05:52", "end": "00:05:54", "text": "got rejected on the first attempt. The"}, {"start": "00:05:54", "end": "00:05:55", "text": "reason why I thought it was going to get"}, {"start": "00:05:55", "end": "00:05:58", "text": "rejected was because, you know, I don't"}, {"start": "00:05:58", "end": "00:06:01", "text": "see that I didn't see that rotation yet"}, {"start": "00:06:01", "end": "00:06:03", "text": "into alts. I just didn't see it. And if"}, {"start": "00:06:03", "end": "00:06:05", "text": "Ethereum was durably breaking through"}, {"start": "00:06:05", "end": "00:06:07", "text": "5K, it would imply a rotation into"}, {"start": "00:06:07", "end": "00:06:09", "text": "altcoins. And I just didn't think we"}, {"start": "00:06:09", "end": "00:06:11", "text": "were at that point, especially"}, {"start": "00:06:11", "end": "00:06:13", "text": "considering that Bitcoin dominance"}, {"start": "00:06:13", "end": "00:06:16", "text": "normally finds a low in September. It"}, {"start": "00:06:16", "end": "00:06:18", "text": "reverses course in September. And sure"}, {"start": "00:06:18", "end": "00:06:20", "text": "enough, I know it's down recently, but"}, {"start": "00:06:20", "end": "00:06:23", "text": "look, it found a low in September. Also,"}, {"start": "00:06:23", "end": "00:06:25", "text": "a pullback by Bitcoin dominance into"}, {"start": "00:06:25", "end": "00:06:27", "text": "mid- November is fairly common. We saw"}, {"start": "00:06:27", "end": "00:06:30", "text": "the same thing in 2020. We also saw the"}, {"start": "00:06:30", "end": "00:06:32", "text": "same thing in 2017, a pullback by"}, {"start": "00:06:32", "end": "00:06:34", "text": "Bitcoin dominance into mid- November."}, {"start": "00:06:34", "end": "00:06:38", "text": "Now, right now, ETHUSD is very much at"}, {"start": "00:06:38", "end": "00:06:40", "text": "the mercy of Bitcoin because ETH Bitcoin"}, {"start": "00:06:40", "end": "00:06:42", "text": "is in a downtrend and ETH Bitcoin will"}, {"start": "00:06:42", "end": "00:06:43", "text": "likely stay in a downtrend for the next"}, {"start": "00:06:43", "end": "00:06:47", "text": "3 weeks. So, if Bitcoin USD is destined"}, {"start": "00:06:47", "end": "00:06:50", "text": "to go lower on its USD pair before"}, {"start": "00:06:50", "end": "00:06:52", "text": "getting a bounce, then obviously ETHUSD"}, {"start": "00:06:52", "end": "00:06:55", "text": "is destined to go lower. If Bitcoin can"}, {"start": "00:06:55", "end": "00:06:58", "text": "hold here at 90K or 89K, then Ethereum"}, {"start": "00:06:58", "end": "00:07:01", "text": "could then likely hold at 2900 for a few"}, {"start": "00:07:01", "end": "00:07:02", "text": "more weeks and then start to trend back"}, {"start": "00:07:02", "end": "00:07:04", "text": "up."}, {"start": "00:07:04", "end": "00:07:05", "text": "So, one of the things I pointed out"}, {"start": "00:07:05", "end": "00:07:08", "text": "previously was this 2100 level. You can"}, {"start": "00:07:08", "end": "00:07:10", "text": "see that last cycle Ethereum made the"}, {"start": "00:07:10", "end": "00:07:12", "text": "same move 4,900 or so all the way down"}, {"start": "00:07:12", "end": "00:07:15", "text": "to 2100 and then it got a bounce back up"}, {"start": "00:07:15", "end": "00:07:17", "text": "to the mid300s."}, {"start": "00:07:17", "end": "00:07:19", "text": "If we go to 2100"}, {"start": "00:07:19", "end": "00:07:22", "text": "it would be somewhat problematic. It"}, {"start": "00:07:22", "end": "00:07:24", "text": "again it could happen, right? Like it"}, {"start": "00:07:24", "end": "00:07:28", "text": "wasn't my base case before but it it's a"}, {"start": "00:07:28", "end": "00:07:30", "text": "possibility. I hope it doesn't happen"}, {"start": "00:07:30", "end": "00:07:32", "text": "but it is a possibility that it that it"}, {"start": "00:07:32", "end": "00:07:35", "text": "could. And one of the things I've looked"}, {"start": "00:07:35", "end": "00:07:36", "text": "at is Tesla, right? When you look at"}, {"start": "00:07:36", "end": "00:07:39", "text": "Tesla, Ethereum's been following it"}, {"start": "00:07:39", "end": "00:07:42", "text": "really closely. And what you'll notice"}, {"start": "00:07:42", "end": "00:07:45", "text": "is that Ethereum or sorry, Tesla had a"}, {"start": "00:07:45", "end": "00:07:47", "text": "low and then it had a macro higher low."}, {"start": "00:07:47", "end": "00:07:51", "text": "And the macro higher low was at around"}, {"start": "00:07:51", "end": "00:07:53", "text": "138. Well, Ethereum's macro higher low"}, {"start": "00:07:53", "end": "00:07:56", "text": "was 10x, right? That price, right? But"}, {"start": "00:07:56", "end": "00:07:59", "text": "just around 1390. So, what you'll see is"}, {"start": "00:07:59", "end": "00:08:02", "text": "that Tesla found a low at 138. Ethereum"}, {"start": "00:08:02", "end": "00:08:04", "text": "found a low at 1389."}, {"start": "00:08:04", "end": "00:08:07", "text": "10x the 10x the price. Um, but again,"}, {"start": "00:08:07", "end": "00:08:09", "text": "it's not you should look at market cap"}, {"start": "00:08:09", "end": "00:08:10", "text": "anyway. So, you have a low and then you"}, {"start": "00:08:10", "end": "00:08:11", "text": "have a higher low for Ethereum. Just"}, {"start": "00:08:11", "end": "00:08:13", "text": "like with Tesla, you have a low and then"}, {"start": "00:08:13", "end": "00:08:15", "text": "a higher low. And then after Tesla put"}, {"start": "00:08:15", "end": "00:08:16", "text": "in that macro higher low, it then went"}, {"start": "00:08:16", "end": "00:08:18", "text": "to a new all-time high. And guess where"}, {"start": "00:08:18", "end": "00:08:21", "text": "that all-time high was?"}, {"start": "00:08:21", "end": "00:08:23", "text": "490. Exactly where Ethereum went just"}, {"start": "00:08:23", "end": "00:08:25", "text": "one10enth, right? Ethereum went to 4"}, {"start": "00:08:25", "end": "00:08:29", "text": "4,900. After that, Tesla then fell back"}, {"start": "00:08:29", "end": "00:08:32", "text": "down to 215."}, {"start": "00:08:32", "end": "00:08:34", "text": "So, if Ethereum does the same thing, it"}, {"start": "00:08:34", "end": "00:08:37", "text": "would imply falling back down to the"}, {"start": "00:08:37", "end": "00:08:40", "text": "level all the way back down here to like"}, {"start": "00:08:40", "end": "00:08:43", "text": "22100 or so, what you'll notice is that"}, {"start": "00:08:43", "end": "00:08:46", "text": "after Tesla did that, it then rallied"}, {"start": "00:08:46", "end": "00:08:49", "text": "back up, right? Like it did. So, it's"}, {"start": "00:08:49", "end": "00:08:51", "text": "possible that Ethereum could do"}, {"start": "00:08:51", "end": "00:08:52", "text": "something similar where it just"}, {"start": "00:08:52", "end": "00:08:54", "text": "continues to turn stomachs to the upside"}, {"start": "00:08:54", "end": "00:08:56", "text": "and the downside and it makes Ethereum"}, {"start": "00:08:56", "end": "00:08:59", "text": "holders want to crash out because, you"}, {"start": "00:08:59", "end": "00:09:01", "text": "know, how do you, you know, who could"}, {"start": "00:09:01", "end": "00:09:04", "text": "have possibly forecast that exact path,"}, {"start": "00:09:04", "end": "00:09:05", "text": "right? Like, it's just all over the"}, {"start": "00:09:05", "end": "00:09:07", "text": "place. Like, the bulls are wrong, the"}, {"start": "00:09:07", "end": "00:09:09", "text": "bears are wrong, everyone's wrong,"}, {"start": "00:09:09", "end": "00:09:10", "text": "everyone's mad at each other because the"}, {"start": "00:09:10", "end": "00:09:14", "text": "bulls want 5K, the Bears want, you know,"}, {"start": "00:09:14", "end": "00:09:16", "text": "new lows. Who knows exactly what's going"}, {"start": "00:09:16", "end": "00:09:18", "text": "to happen? and it just keeps on changing"}, {"start": "00:09:18", "end": "00:09:21", "text": "its mind and chasing a new narrative."}, {"start": "00:09:21", "end": "00:09:23", "text": "So, I would say this. I'd say the the"}, {"start": "00:09:23", "end": "00:09:25", "text": "window of weakness for the ETH Bitcoin"}, {"start": "00:09:25", "end": "00:09:29", "text": "pair is for the next 3 weeks. If Bitcoin"}, {"start": "00:09:29", "end": "00:09:33", "text": "can hold at the current prices and get a"}, {"start": "00:09:33", "end": "00:09:35", "text": "rally back up to say the 200 day moving"}, {"start": "00:09:35", "end": "00:09:39", "text": "average, then that would bode well for"}, {"start": "00:09:39", "end": "00:09:41", "text": "Ethereum being able to hold 2900 and"}, {"start": "00:09:41", "end": "00:09:43", "text": "then leading toward towards a more"}, {"start": "00:09:43", "end": "00:09:45", "text": "bullish rally. The problem is that we"}, {"start": "00:09:45", "end": "00:09:47", "text": "don't know exactly when Bitcoin will get"}, {"start": "00:09:47", "end": "00:09:49", "text": "that rally back to the 200 day moving"}, {"start": "00:09:49", "end": "00:09:50", "text": "average. Why do I say the 200 day moving"}, {"start": "00:09:50", "end": "00:09:52", "text": "average? It's just because all prior"}, {"start": "00:09:52", "end": "00:09:55", "text": "cycles, if the top for Bitcoin is in,"}, {"start": "00:09:55", "end": "00:09:57", "text": "uh, all prior cycles ended with a final"}, {"start": "00:09:57", "end": "00:09:59", "text": "rally to that 200 day moving average and"}, {"start": "00:09:59", "end": "00:10:01", "text": "that ended up marking the macro lower"}, {"start": "00:10:01", "end": "00:10:02", "text": "high. The problem is we don't know"}, {"start": "00:10:02", "end": "00:10:04", "text": "exactly when that's going to start. If"}, {"start": "00:10:04", "end": "00:10:07", "text": "it starts now, then maybe it would"}, {"start": "00:10:07", "end": "00:10:09", "text": "correspond to Ethereum running back up"}, {"start": "00:10:09", "end": "00:10:11", "text": "near the highs like Tesla did without"}, {"start": "00:10:11", "end": "00:10:14", "text": "having to go all the way down to 2100."}, {"start": "00:10:14", "end": "00:10:16", "text": "But if we're still a few weeks away from"}, {"start": "00:10:16", "end": "00:10:18", "text": "that for Bitcoin and Bitcoin's going to"}, {"start": "00:10:18", "end": "00:10:21", "text": "grind lower into the low to mid 80,000"}, {"start": "00:10:21", "end": "00:10:24", "text": "range, then how does Ethereum not go"}, {"start": "00:10:24", "end": "00:10:26", "text": "down to 2100? Especially considering"}, {"start": "00:10:26", "end": "00:10:29", "text": "that ETH Bitcoin is arguably in a"}, {"start": "00:10:29", "end": "00:10:30", "text": "downtrend, right? So if Bitcoin were to"}, {"start": "00:10:30", "end": "00:10:33", "text": "go to 80K, then it obviously implies"}, {"start": "00:10:33", "end": "00:10:35", "text": "like I mean so let's think about it. If"}, {"start": "00:10:35", "end": "00:10:37", "text": "if Bitcoin"}, {"start": "00:10:37", "end": "00:10:40", "text": "were to go to say let's say 84K, right?"}, {"start": "00:10:40", "end": "00:10:42", "text": "That would that that's a that's a 7%"}, {"start": "00:10:42", "end": "00:10:44", "text": "drop. So that would at least put"}, {"start": "00:10:44", "end": "00:10:49", "text": "Ethereum 7% lower at 2,700. The problem"}, {"start": "00:10:49", "end": "00:10:51", "text": "is if ETH Bitcoin is in a downtrend,"}, {"start": "00:10:51", "end": "00:10:53", "text": "then it would likely mean Ethereum drops"}, {"start": "00:10:53", "end": "00:10:55", "text": "more than Bitcoin. And when you look at"}, {"start": "00:10:55", "end": "00:10:58", "text": "total 2 minus USDT divided by Bitcoin, a"}, {"start": "00:10:58", "end": "00:11:00", "text": "lot of times you'll have a low by an"}, {"start": "00:11:00", "end": "00:11:02", "text": "asset in June against Bitcoin and you'll"}, {"start": "00:11:02", "end": "00:11:03", "text": "have some type of double bottom later"}, {"start": "00:11:03", "end": "00:11:05", "text": "on. And I think that double bottom could"}, {"start": "00:11:05", "end": "00:11:08", "text": "be coming in December. So if if total"}, {"start": "00:11:08", "end": "00:11:10", "text": "two minus UST divided by Bitcoin which"}, {"start": "00:11:10", "end": "00:11:12", "text": "includes Ethereum is going to come back"}, {"start": "00:11:12", "end": "00:11:15", "text": "down here then that means ETH Bitcoin is"}, {"start": "00:11:15", "end": "00:11:17", "text": "going to drop. It also means the alt"}, {"start": "00:11:17", "end": "00:11:18", "text": "Bitcoin pair is going to drop. Now"}, {"start": "00:11:18", "end": "00:11:20", "text": "before I've said two weekly closes by"}, {"start": "00:11:20", "end": "00:11:22", "text": "Bitcoin below the 50we moving average is"}, {"start": "00:11:22", "end": "00:11:24", "text": "usually confirmation that the cycle top"}, {"start": "00:11:24", "end": "00:11:26", "text": "is in. So if you get a second weekly"}, {"start": "00:11:26", "end": "00:11:28", "text": "close, I think a lot of altcoins would"}, {"start": "00:11:28", "end": "00:11:31", "text": "would unwind a lot further. It's not"}, {"start": "00:11:31", "end": "00:11:33", "text": "clear though because Bitcoin right now"}, {"start": "00:11:33", "end": "00:11:34", "text": "got one weekly close. It hasn't had the"}, {"start": "00:11:34", "end": "00:11:37", "text": "second weekly close in 2019. Bitcoin got"}, {"start": "00:11:37", "end": "00:11:38", "text": "one weekly close and then went pretty"}, {"start": "00:11:38", "end": "00:11:40", "text": "low below the 50we moving average but"}, {"start": "00:11:40", "end": "00:11:41", "text": "then had a miraculous rally back above"}, {"start": "00:11:41", "end": "00:11:44", "text": "the 50week SMA before the week was over."}, {"start": "00:11:44", "end": "00:11:46", "text": "So the problem for Ethereum right now is"}, {"start": "00:11:46", "end": "00:11:48", "text": "it's taking a backseat to Bitcoin,"}, {"start": "00:11:48", "end": "00:11:49", "text": "right? You're better off in Bitcoin for"}, {"start": "00:11:49", "end": "00:11:51", "text": "the next few weeks than Ethereum. That"}, {"start": "00:11:51", "end": "00:11:53", "text": "doesn't mean Bitcoin can't go down. It"}, {"start": "00:11:53", "end": "00:11:54", "text": "just means that Bitcoin will likely"}, {"start": "00:11:54", "end": "00:11:56", "text": "outperform Ethereum until early"}, {"start": "00:11:56", "end": "00:12:00", "text": "December. If Bitcoin drops to 80K,"}, {"start": "00:12:00", "end": "00:12:02", "text": "Ethereum probably drops to 2100. If"}, {"start": "00:12:02", "end": "00:12:04", "text": "Bitcoin finds a low here and"}, {"start": "00:12:04", "end": "00:12:06", "text": "miraculously gets back above 100K, we"}, {"start": "00:12:06", "end": "00:12:08", "text": "know that Bitcoin leads the bull market."}, {"start": "00:12:08", "end": "00:12:11", "text": "So, right now with Ethereum, the way I'm"}, {"start": "00:12:11", "end": "00:12:14", "text": "thinking about it is, you know, I I"}, {"start": "00:12:14", "end": "00:12:17", "text": "think that 2900 is a very crucial level"}, {"start": "00:12:17", "end": "00:12:19", "text": "for it because if it wants to be able to"}, {"start": "00:12:19", "end": "00:12:21", "text": "claim any type of similarity to the"}, {"start": "00:12:21", "end": "00:12:24", "text": "Bitcoin's rally in 2017 where it rallied"}, {"start": "00:12:24", "end": "00:12:26", "text": "to 4,900 and then had a correction down"}, {"start": "00:12:26", "end": "00:12:28", "text": "to 2,900, if it wants to claim any of"}, {"start": "00:12:28", "end": "00:12:32", "text": "that, it needs to bottom at 2900. If"}, {"start": "00:12:32", "end": "00:12:35", "text": "Ethereum goes too much below 2900, it"}, {"start": "00:12:35", "end": "00:12:36", "text": "implies Bitcoin's getting that second"}, {"start": "00:12:36", "end": "00:12:38", "text": "weekly close below the 50week moving"}, {"start": "00:12:38", "end": "00:12:40", "text": "average. And it then could imply that"}, {"start": "00:12:40", "end": "00:12:41", "text": "you might get that correction by"}, {"start": "00:12:41", "end": "00:12:43", "text": "Ethereum back down to that low over"}, {"start": "00:12:43", "end": "00:12:45", "text": "there, which is exactly how it played"}, {"start": "00:12:45", "end": "00:12:46", "text": "out for Tesla. The only thing different"}, {"start": "00:12:46", "end": "00:12:48", "text": "between Ethereum and Tesla at this point"}, {"start": "00:12:48", "end": "00:12:52", "text": "is the timing cuz Tesla the low was"}, {"start": "00:12:52", "end": "00:12:55", "text": "April of 2024 and Ethereum it was April"}, {"start": "00:12:55", "end": "00:13:00", "text": "of 2025. But then Tesla's high was in"}, {"start": "00:13:00", "end": "00:13:02", "text": "December, right? Not August like"}, {"start": "00:13:02", "end": "00:13:04", "text": "Ethereum. It was in December. So, I was"}, {"start": "00:13:04", "end": "00:13:06", "text": "trying to be hopeful to say, well, what"}, {"start": "00:13:06", "end": "00:13:08", "text": "if Ethereum just kind of comes back down"}, {"start": "00:13:08", "end": "00:13:10", "text": "and then rallies back up into December"}, {"start": "00:13:10", "end": "00:13:12", "text": "and then it's over because that could"}, {"start": "00:13:12", "end": "00:13:13", "text": "make a lot of sense, especially"}, {"start": "00:13:13", "end": "00:13:15", "text": "considering that 2026 tends to be a bare"}, {"start": "00:13:15", "end": "00:13:17", "text": "market year, right? The midterm year"}, {"start": "00:13:17", "end": "00:13:20", "text": "tend to be bare market years. Um, but"}, {"start": "00:13:20", "end": "00:13:21", "text": "that hasn't happened, right? Ethereum"}, {"start": "00:13:21", "end": "00:13:23", "text": "continues to go lower and we aren't"}, {"start": "00:13:23", "end": "00:13:25", "text": "really seeing any signs of of a move"}, {"start": "00:13:25", "end": "00:13:27", "text": "back up. What could cause a move back"}, {"start": "00:13:27", "end": "00:13:29", "text": "up? I don't know. I mean, a lot of the"}, {"start": "00:13:29", "end": "00:13:30", "text": "issues is that the government has been"}, {"start": "00:13:30", "end": "00:13:32", "text": "shut down for a while and a lot of the"}, {"start": "00:13:32", "end": "00:13:34", "text": "macro data just wasn't released. Maybe"}, {"start": "00:13:34", "end": "00:13:36", "text": "if the macro data came out and it were"}, {"start": "00:13:36", "end": "00:13:38", "text": "constructive, people would some of these"}, {"start": "00:13:38", "end": "00:13:40", "text": "butterflies would go away. Like people"}, {"start": "00:13:40", "end": "00:13:41", "text": "would be a little bit more optimistic,"}, {"start": "00:13:41", "end": "00:13:42", "text": "but I think people just keep assuming"}, {"start": "00:13:42", "end": "00:13:44", "text": "the worst because, you know, you see all"}, {"start": "00:13:44", "end": "00:13:46", "text": "these big headlines about layoffs and"}, {"start": "00:13:46", "end": "00:13:48", "text": "whatnot. We're not getting any updates"}, {"start": "00:13:48", "end": "00:13:51", "text": "and the market just keeps going lower. I"}, {"start": "00:13:51", "end": "00:13:54", "text": "could see a scenario where it does play"}, {"start": "00:13:54", "end": "00:13:56", "text": "out like Tesla where Ethereum does go"}, {"start": "00:13:56", "end": "00:13:57", "text": "all the way back down here before"}, {"start": "00:13:57", "end": "00:13:59", "text": "getting a relief rally back up, right?"}, {"start": "00:13:59", "end": "00:14:01", "text": "Like it's possible that that's what"}, {"start": "00:14:01", "end": "00:14:03", "text": "happens"}, {"start": "00:14:03", "end": "00:14:05", "text": "when Ethere when Tesla did that, the low"}, {"start": "00:14:05", "end": "00:14:07", "text": "ended up forming around March. So if it"}, {"start": "00:14:07", "end": "00:14:08", "text": "were to go with Ethereum, maybe that"}, {"start": "00:14:08", "end": "00:14:10", "text": "would imply March 2025. But I don't even"}, {"start": "00:14:10", "end": "00:14:13", "text": "know if that's true because that low"}, {"start": "00:14:13", "end": "00:14:15", "text": "ended up being only about 12 weeks after"}, {"start": "00:14:15", "end": "00:14:19", "text": "the high, right? 12 to 16 weeks, right?"}, {"start": "00:14:19", "end": "00:14:22", "text": "12 to 16 weeks is when Tesla bottomed"}, {"start": "00:14:22", "end": "00:14:24", "text": "after the correction. 12 to 16 weeks."}, {"start": "00:14:24", "end": "00:14:26", "text": "Would you care to guess what week we are"}, {"start": "00:14:26", "end": "00:14:29", "text": "on right now?"}, {"start": "00:14:29", "end": "00:14:33", "text": "13. So"}, {"start": "00:14:33", "end": "00:14:35", "text": "from a timebased perspective, it's had"}, {"start": "00:14:35", "end": "00:14:37", "text": "the same type of capitulation that Tesla"}, {"start": "00:14:37", "end": "00:14:38", "text": "had. It's actually holding up better"}, {"start": "00:14:38", "end": "00:14:41", "text": "than Tesla did when it had that drop so"}, {"start": "00:14:41", "end": "00:14:42", "text": "far."}, {"start": "00:14:42", "end": "00:14:45", "text": "So that's what I would say. I would say"}, {"start": "00:14:45", "end": "00:14:48", "text": "if if Ethereum can hold 2900 for the"}, {"start": "00:14:48", "end": "00:14:50", "text": "next 2 to 3 weeks, it would imply a"}, {"start": "00:14:50", "end": "00:14:53", "text": "rally back up to all-time highs before"}, {"start": "00:14:53", "end": "00:14:55", "text": "the cycle's over."}, {"start": "00:14:55", "end": "00:14:58", "text": "If we go down to 2100, it becomes a lot"}, {"start": "00:14:58", "end": "00:15:01", "text": "more difficult because you're you're"}, {"start": "00:15:01", "end": "00:15:02", "text": "running into the, you know, potentially"}, {"start": "00:15:02", "end": "00:15:04", "text": "the the four-year cycle effects and"}, {"start": "00:15:04", "end": "00:15:05", "text": "whatnot. Doesn't mean you can't have a"}, {"start": "00:15:05", "end": "00:15:07", "text": "rally back up and maybe it could lead to"}, {"start": "00:15:07", "end": "00:15:09", "text": "a new high. In fact, in 2017 2018,"}, {"start": "00:15:09", "end": "00:15:11", "text": "Ethereum's all-time high was in 2018,"}, {"start": "00:15:11", "end": "00:15:14", "text": "while Bitcoins was in 2017. So maybe"}, {"start": "00:15:14", "end": "00:15:16", "text": "Ethereum's could be in 2026 while"}, {"start": "00:15:16", "end": "00:15:19", "text": "Bitcoins is in 2025. But the point is is"}, {"start": "00:15:19", "end": "00:15:21", "text": "that for the next 3 weeks, Bitcoin is"}, {"start": "00:15:21", "end": "00:15:22", "text": "still a better place to be than"}, {"start": "00:15:22", "end": "00:15:24", "text": "Ethereum."}, {"start": "00:15:24", "end": "00:15:26", "text": "I think after we see kind of where"}, {"start": "00:15:26", "end": "00:15:28", "text": "Bitcoin's going to go before that rally"}, {"start": "00:15:28", "end": "00:15:31", "text": "to the 200 day moving average when the"}, {"start": "00:15:31", "end": "00:15:33", "text": "rally once the rally to the 200 day"}, {"start": "00:15:33", "end": "00:15:35", "text": "starts there's a good chance that from"}, {"start": "00:15:35", "end": "00:15:37", "text": "that point Ethereum could outperform"}, {"start": "00:15:37", "end": "00:15:38", "text": "Bitcoin for a few weeks. The problem is"}, {"start": "00:15:38", "end": "00:15:40", "text": "you don't know exactly when that rally"}, {"start": "00:15:40", "end": "00:15:42", "text": "is going to start and in the short term"}, {"start": "00:15:42", "end": "00:15:44", "text": "again as I said I think ETH Bitcoin will"}, {"start": "00:15:44", "end": "00:15:47", "text": "remain in this in this downtrend. So"}, {"start": "00:15:47", "end": "00:15:49", "text": "those are my views on Ethereum right"}, {"start": "00:15:49", "end": "00:15:52", "text": "2900 is a very important level to hold."}, {"start": "00:15:52", "end": "00:15:55", "text": "If it doesn't hold it, the odds go up"}, {"start": "00:15:55", "end": "00:15:56", "text": "considerably that you're going to go all"}, {"start": "00:15:56", "end": "00:15:59", "text": "the way down to 2100 before getting a"}, {"start": "00:15:59", "end": "00:16:01", "text": "bounce. Those are my views on Ethereum."}, {"start": "00:16:01", "end": "00:16:03", "text": "It's tough market, right? I bought it"}, {"start": "00:16:03", "end": "00:16:05", "text": "when it went home. I took some profits"}, {"start": "00:16:05", "end": "00:16:08", "text": "when it swept the high. I still have"}, {"start": "00:16:08", "end": "00:16:12", "text": "Ethereum, obviously. Um, and you know, I"}, {"start": "00:16:12", "end": "00:16:14", "text": "want to see it I want to see it do well,"}, {"start": "00:16:14", "end": "00:16:16", "text": "but we're also running into these"}, {"start": "00:16:16", "end": "00:16:18", "text": "four-year cycle effects, uh, where as"}, {"start": "00:16:18", "end": "00:16:20", "text": "you get closer to the midterm year,"}, {"start": "00:16:20", "end": "00:16:22", "text": "things start to unwind. You know, you"}, {"start": "00:16:22", "end": "00:16:24", "text": "could have a scenario where it drops"}, {"start": "00:16:24", "end": "00:16:27", "text": "down to 2100 and then gets the rally"}, {"start": "00:16:27", "end": "00:16:29", "text": "back up and then sells off. It could be"}, {"start": "00:16:29", "end": "00:16:30", "text": "something like that. I know it sounds"}, {"start": "00:16:30", "end": "00:16:31", "text": "crazy, but I mean, look at this chart."}, {"start": "00:16:31", "end": "00:16:33", "text": "Like, what do you do with this chart?"}, {"start": "00:16:33", "end": "00:16:34", "text": "You know, it's just all over the place."}, {"start": "00:16:34", "end": "00:16:36", "text": "Like, it wouldn't even be that out of"}, {"start": "00:16:36", "end": "00:16:37", "text": "the ordinary. there just be another"}, {"start": "00:16:37", "end": "00:16:40", "text": "another similar move that Ethereum's had"}, {"start": "00:16:40", "end": "00:16:44", "text": "for for years. Um"}, {"start": "00:16:44", "end": "00:16:45", "text": "those are my views, right? Those are my"}, {"start": "00:16:45", "end": "00:16:47", "text": "views. You can also see in another sense"}, {"start": "00:16:47", "end": "00:16:50", "text": "like Ethereum is just below that 50week"}, {"start": "00:16:50", "end": "00:16:53", "text": "moving average and when Tesla dropped,"}, {"start": "00:16:53", "end": "00:16:55", "text": "it also dropped just below the 50we"}, {"start": "00:16:55", "end": "00:16:59", "text": "moving average."}, {"start": "00:16:59", "end": "00:17:02", "text": "So right now again, Ethereum's USD"}, {"start": "00:17:02", "end": "00:17:04", "text": "valuation is completely dependent on"}, {"start": "00:17:04", "end": "00:17:06", "text": "Bitcoin because ETH Bitcoin is in a"}, {"start": "00:17:06", "end": "00:17:09", "text": "local downtrend."}, {"start": "00:17:09", "end": "00:17:11", "text": "It's in a local downtrend, but it's"}, {"start": "00:17:11", "end": "00:17:15", "text": "still potentially in this macro uptrend."}, {"start": "00:17:15", "end": "00:17:17", "text": "And by macro, I mean like just for the"}, {"start": "00:17:17", "end": "00:17:19", "text": "last year, not like not more macro. I"}, {"start": "00:17:19", "end": "00:17:20", "text": "mean, even even even over the long haul,"}, {"start": "00:17:20", "end": "00:17:22", "text": "it still had higher lows. But I'm"}, {"start": "00:17:22", "end": "00:17:24", "text": "talking about this right here, right?"}, {"start": "00:17:24", "end": "00:17:27", "text": "This uptrend right here. You could argue"}, {"start": "00:17:27", "end": "00:17:29", "text": "Ethereum's already breaking down a"}, {"start": "00:17:29", "end": "00:17:30", "text": "little bit from it, but again, that's"}, {"start": "00:17:30", "end": "00:17:32", "text": "it's normal. It did that. It's done that"}, {"start": "00:17:32", "end": "00:17:34", "text": "in prior cycles where it'll have like a"}, {"start": "00:17:34", "end": "00:17:35", "text": "an uptrend. It'll break down and then"}, {"start": "00:17:35", "end": "00:17:38", "text": "get a rally back up. So, I could see"}, {"start": "00:17:38", "end": "00:17:39", "text": "Ethereum's Bitcoin valuation doing"}, {"start": "00:17:39", "end": "00:17:40", "text": "something like that. It comes down and"}, {"start": "00:17:40", "end": "00:17:42", "text": "then it goes right back up. Something"}, {"start": "00:17:42", "end": "00:17:45", "text": "like that. But again, I don't think"}, {"start": "00:17:45", "end": "00:17:47", "text": "Ethereum's Bitcoin valuation will bottom"}, {"start": "00:17:47", "end": "00:17:50", "text": "until early December. And in the more in"}, {"start": "00:17:50", "end": "00:17:52", "text": "the in the short term, the window of"}, {"start": "00:17:52", "end": "00:17:54", "text": "weakness for ETHUSD is going to stay"}, {"start": "00:17:54", "end": "00:17:56", "text": "until early December because it's just"}, {"start": "00:17:56", "end": "00:17:57", "text": "dependent on Bitcoin. It's dependent on"}, {"start": "00:17:57", "end": "00:17:59", "text": "when when is Bitcoin going to get that"}, {"start": "00:17:59", "end": "00:18:01", "text": "counter trend rally back to the 200 day"}, {"start": "00:18:01", "end": "00:18:03", "text": "moving average. If it starts today, then"}, {"start": "00:18:03", "end": "00:18:05", "text": "great. Ethereum can find the low at"}, {"start": "00:18:05", "end": "00:18:06", "text": "2900. But if Bitcoin's counter trend"}, {"start": "00:18:06", "end": "00:18:09", "text": "rally doesn't start until maybe December"}, {"start": "00:18:09", "end": "00:18:10", "text": "or even later, then that's going to put"}, {"start": "00:18:10", "end": "00:18:12", "text": "a lot of pressure on ETHUSD to"}, {"start": "00:18:12", "end": "00:18:16", "text": "potentially visit that 2100 level. So"}, {"start": "00:18:16", "end": "00:18:19", "text": "those are my views. Um, you know, if you"}, {"start": "00:18:19", "end": "00:18:21", "text": "see it go down to 2100, I I think I"}, {"start": "00:18:21", "end": "00:18:22", "text": "mean, that's kind of like what happened"}, {"start": "00:18:22", "end": "00:18:24", "text": "last cycle before there was a counter"}, {"start": "00:18:24", "end": "00:18:27", "text": "trend rally back up to 35."}, {"start": "00:18:27", "end": "00:18:29", "text": "Again, it'd be a hell of a lot easier if"}, {"start": "00:18:29", "end": "00:18:31", "text": "it just could find a low at 2900. Um,"}, {"start": "00:18:31", "end": "00:18:34", "text": "but again, you know, this market, this"}, {"start": "00:18:34", "end": "00:18:35", "text": "whole this time g timebased"}, {"start": "00:18:35", "end": "00:18:38", "text": "capitulation, you know, really tests all"}, {"start": "00:18:38", "end": "00:18:40", "text": "that because a lot of times when you get"}, {"start": "00:18:40", "end": "00:18:42", "text": "into these periods like people like, oh,"}, {"start": "00:18:42", "end": "00:18:43", "text": "like we'll just wait until Bitcoin"}, {"start": "00:18:43", "end": "00:18:45", "text": "rallies back up to the 200 day SMA and"}, {"start": "00:18:45", "end": "00:18:47", "text": "then sell, right? But what usually"}, {"start": "00:18:47", "end": "00:18:49", "text": "happens is Bitcoin goes lower than"}, {"start": "00:18:49", "end": "00:18:52", "text": "people want in the downtrend in the bare"}, {"start": "00:18:52", "end": "00:18:54", "text": "in the in the sort of the the beginning"}, {"start": "00:18:54", "end": "00:18:56", "text": "of the bare market and then people"}, {"start": "00:18:56", "end": "00:18:59", "text": "capitulate in panic selling and then it"}, {"start": "00:18:59", "end": "00:19:01", "text": "gets the rally back up to the 200 day"}, {"start": "00:19:01", "end": "00:19:03", "text": "moving average."}, {"start": "00:19:03", "end": "00:19:05", "text": "I don't know. I mean, have we reached"}, {"start": "00:19:05", "end": "00:19:07", "text": "full fear panic selling? I don't know if"}, {"start": "00:19:07", "end": "00:19:08", "text": "we've reached it yet. We might need to"}, {"start": "00:19:08", "end": "00:19:10", "text": "go into the 80s or something before we"}, {"start": "00:19:10", "end": "00:19:13", "text": "reach it. I don't know. So, those are my"}, {"start": "00:19:13", "end": "00:19:14", "text": "views about Ethereum. Sorry, I'm not a"}, {"start": "00:19:14", "end": "00:19:17", "text": "little bit more clear on it. You know,"}, {"start": "00:19:17", "end": "00:19:19", "text": "sometimes we have sort of these views of"}, {"start": "00:19:19", "end": "00:19:20", "text": "the market and then the market throws a"}, {"start": "00:19:20", "end": "00:19:21", "text": "curveball and you have to figure out all"}, {"start": "00:19:21", "end": "00:19:23", "text": "right, what's actually happening. And"}, {"start": "00:19:23", "end": "00:19:25", "text": "that's my assessment of of what's"}, {"start": "00:19:25", "end": "00:19:27", "text": "happening and why in the short term"}, {"start": "00:19:27", "end": "00:19:29", "text": "Bitcoin's still a better play than"}, {"start": "00:19:29", "end": "00:19:31", "text": "Ethereum, but that might change once we"}, {"start": "00:19:31", "end": "00:19:34", "text": "get into into December. In in the next 3"}, {"start": "00:19:34", "end": "00:19:36", "text": "weeks, that window of weakness still"}, {"start": "00:19:36", "end": "00:19:39", "text": "exists for Ethereum. Um, and I think it"}, {"start": "00:19:39", "end": "00:19:41", "text": "will continue to underperform Bitcoin"}, {"start": "00:19:41", "end": "00:19:43", "text": "until early December or so. And so when"}, {"start": "00:19:43", "end": "00:19:45", "text": "we come back, when we reconvene"}, {"start": "00:19:45", "end": "00:19:47", "text": "potentially in early December, we can"}, {"start": "00:19:47", "end": "00:19:49", "text": "see where Ethereum is. If it's still at"}, {"start": "00:19:49", "end": "00:19:51", "text": "2,900, then it would imply that it's"}, {"start": "00:19:51", "end": "00:19:52", "text": "already going through this move that"}, {"start": "00:19:52", "end": "00:19:54", "text": "Tesla had and then it could rally back"}, {"start": "00:19:54", "end": "00:19:56", "text": "up without going down to 2100. If it's"}, {"start": "00:19:56", "end": "00:19:58", "text": "at 2100, there's a good chance it would"}, {"start": "00:19:58", "end": "00:20:00", "text": "rally from there. But in the short term,"}, {"start": "00:20:00", "end": "00:20:02", "text": "I still think Bitcoin is is is better"}, {"start": "00:20:02", "end": "00:20:05", "text": "because I do think that all Bitcoin"}, {"start": "00:20:05", "end": "00:20:07", "text": "pairs total 2 minus USDT divided by"}, {"start": "00:20:07", "end": "00:20:08", "text": "Bitcoin, I think it's going to come back"}, {"start": "00:20:08", "end": "00:20:11", "text": "down here uh probably by by in the next"}, {"start": "00:20:11", "end": "00:20:13", "text": "month or so. So, that'll wrap it up."}, {"start": "00:20:13", "end": "00:20:14", "text": "Thank you guys for tuning in. Make sure"}, {"start": "00:20:14", "end": "00:20:15", "text": "you subscribe, give the video a thumbs"}, {"start": "00:20:15", "end": "00:20:16", "text": "up, and I'll see you guys. It looks like"}, {"start": "00:20:16", "end": "00:20:19", "text": "actually Bitcoin just dropped below 90K."}, {"start": "00:20:19", "end": "00:20:21", "text": "So, we'll go ahead and and and get this"}, {"start": "00:20:21", "end": "00:20:22", "text": "video wrapped up so I can publish it."}, {"start": "00:20:22", "end": "00:20:24", "text": "Thank you guys again for tuning in. We"}, {"start": "00:20:24", "end": "00:20:26", "text": "do have the sale on Into the Cryptoverse"}, {"start": "00:20:26", "end": "00:20:26", "text": "Premium, so make sure you guys check"}, {"start": "00:20:26", "end": "00:20:28", "text": "that out. Links in the description"}, {"start": "00:20:28", "end": "00:20:30", "text": "below. I just did an AMA today. We'll do"}, {"start": "00:20:30", "end": "00:20:31", "text": "another one tomorrow. We'll be a little"}, {"start": "00:20:31", "end": "00:20:35", "text": "bit more um more in touch with with with"}, {"start": "00:20:35", "end": "00:20:37", "text": "the markets in the sense of of trying to"}, {"start": "00:20:37", "end": "00:20:38", "text": "provide more value. But, we'll wrap it"}, {"start": "00:20:38", "end": "00:20:39", "text": "up. Thank you guys for tuning in. I'll"}, {"start": "00:20:39", "end": "00:20:42", "text": "see you next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "to show you why"}, {"start": "00:00:02", "end": "00:00:05", "text": "retail isn't really here, right? To kind"}, {"start": "00:00:05", "end": "00:00:07", "text": "of explain like, hey, the reason social"}, {"start": "00:00:07", "end": "00:00:09", "text": "interest is at zero like it was back in"}, {"start": "00:00:09", "end": "00:00:13", "text": "2019 is because Main Street's hurting."}, {"start": "00:00:13", "end": "00:00:15", "text": "And in order for Main Street not to be"}, {"start": "00:00:15", "end": "00:00:17", "text": "hurting, we need to we need for them not"}, {"start": "00:00:17", "end": "00:00:19", "text": "to be so worried about the labor market."}, {"start": "00:00:19", "end": "00:00:21", "text": "We need them to not be so worried about"}, {"start": "00:00:21", "end": "00:00:25", "text": "inflation. Um, we need lower rates. But"}, {"start": "00:00:25", "end": "00:00:27", "text": "the issue is that over a long enough"}, {"start": "00:00:27", "end": "00:00:29", "text": "period of time, the only way the"}, {"start": "00:00:29", "end": "00:00:31", "text": "politicians know to solve our issues is"}, {"start": "00:00:31", "end": "00:00:34", "text": "to print more money. So yes, are we"}, {"start": "00:00:34", "end": "00:00:35", "text": "likely having are we're are we in a"}, {"start": "00:00:35", "end": "00:00:40", "text": "downturn right now? Absolutely."}, {"start": "00:00:40", "end": "00:00:43", "text": "Cycles like this where retail really"}, {"start": "00:00:43", "end": "00:00:46", "text": "doesn't come back. That's the re that"}, {"start": "00:00:46", "end": "00:00:49", "text": "that this cycle teaches good investment"}, {"start": "00:00:49", "end": "00:00:51", "text": "principles, right? It it's the it's the"}, {"start": "00:00:51", "end": "00:00:54", "text": "education of look look not every cycle"}, {"start": "00:00:54", "end": "00:00:59", "text": "is going to be met with this craziness."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:04", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:06", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:06", "end": "00:00:09", "text": "through the lens of the ISM. If you guys"}, {"start": "00:00:09", "end": "00:00:11", "text": "like the content, make sure you"}, {"start": "00:00:11", "end": "00:00:12", "text": "subscribe to the channel, give the video"}, {"start": "00:00:12", "end": "00:00:14", "text": "a thumbs up, and also check out the sale"}, {"start": "00:00:14", "end": "00:00:17", "text": "on into the cryptoverse premium at into"}, {"start": "00:00:17", "end": "00:00:19", "text": "the cryptoverse.com."}, {"start": "00:00:19", "end": "00:00:21", "text": "Let's go ahead and jump in. Now, we"}, {"start": "00:00:21", "end": "00:00:23", "text": "covered this briefly in the video"}, {"start": "00:00:23", "end": "00:00:27", "text": "yesterday, but I think it deserves a"}, {"start": "00:00:27", "end": "00:00:31", "text": "dedicated video. And the reason why is"}, {"start": "00:00:31", "end": "00:00:34", "text": "because it helps us to understand the"}, {"start": "00:00:34", "end": "00:00:38", "text": "lack of retail involvement this cycle."}, {"start": "00:00:38", "end": "00:00:40", "text": "When you think about the difference of"}, {"start": "00:00:40", "end": "00:00:44", "text": "Main Street and Wall Street, now"}, {"start": "00:00:44", "end": "00:00:49", "text": "politicians historically tend to want to"}, {"start": "00:00:49", "end": "00:00:52", "text": "please the people on Wall Street,"}, {"start": "00:00:52", "end": "00:00:54", "text": "unfortunately to the detriment of the"}, {"start": "00:00:54", "end": "00:00:56", "text": "people on Main Street. And a lot of"}, {"start": "00:00:56", "end": "00:00:59", "text": "people realized this and decided to"}, {"start": "00:00:59", "end": "00:01:00", "text": "become investors, right? Because"}, {"start": "00:01:00", "end": "00:01:04", "text": "otherwise they get left behind. Now the"}, {"start": "00:01:04", "end": "00:01:08", "text": "problem this cycle is that main street"}, {"start": "00:01:08", "end": "00:01:12", "text": "has been hurting people, you know, just"}, {"start": "00:01:12", "end": "00:01:15", "text": "everyday people that run businesses,"}, {"start": "00:01:15", "end": "00:01:17", "text": "that go to work, uh, you know, that"}, {"start": "00:01:17", "end": "00:01:19", "text": "maybe aren't as interested in investing,"}, {"start": "00:01:19", "end": "00:01:21", "text": "but they still contribute a lot to"}, {"start": "00:01:21", "end": "00:01:23", "text": "society, right? It's like the backbone"}, {"start": "00:01:23", "end": "00:01:26", "text": "of society. um they've been hurting"}, {"start": "00:01:26", "end": "00:01:28", "text": "whether it's due to inflation whether"}, {"start": "00:01:28", "end": "00:01:31", "text": "it's due to AI fears whether it's due to"}, {"start": "00:01:31", "end": "00:01:33", "text": "higher for longer and tighter monetary"}, {"start": "00:01:33", "end": "00:01:36", "text": "policy who knows what the reason is but"}, {"start": "00:01:36", "end": "00:01:39", "text": "when you look at the price of Bitcoin"}, {"start": "00:01:39", "end": "00:01:40", "text": "there's an interesting metric you can"}, {"start": "00:01:40", "end": "00:01:42", "text": "look at and that's this one right here"}, {"start": "00:01:42", "end": "00:01:46", "text": "it's the uh the ISM now what is the ISM"}, {"start": "00:01:46", "end": "00:01:48", "text": "uh the ISM you can see here on on this"}, {"start": "00:01:48", "end": "00:01:50", "text": "website so we're looking at the United"}, {"start": "00:01:50", "end": "00:01:55", "text": "States ISM manufacturing PMI it's the"}, {"start": "00:01:55", "end": "00:01:57", "text": "manufacturing purchaser manager. It's"}, {"start": "00:01:57", "end": "00:02:00", "text": "the purchasing managers"}, {"start": "00:02:00", "end": "00:02:03", "text": "um uh index, right? It's the purchasing"}, {"start": "00:02:03", "end": "00:02:06", "text": "manager index. And if it's above 50, it"}, {"start": "00:02:06", "end": "00:02:09", "text": "means that the you know, it's an we're"}, {"start": "00:02:09", "end": "00:02:11", "text": "in expansion. If it's below 50, it means"}, {"start": "00:02:11", "end": "00:02:14", "text": "we're in contraction. And it indicates"}, {"start": "00:02:14", "end": "00:02:17", "text": "just overall the health of the economy."}, {"start": "00:02:17", "end": "00:02:20", "text": "And so what you'll notice is that over"}, {"start": "00:02:20", "end": "00:02:21", "text": "the last, you know, say 10 years,"}, {"start": "00:02:21", "end": "00:02:24", "text": "there's been periods of of of boom times"}, {"start": "00:02:24", "end": "00:02:25", "text": "and other periods where it it goes"}, {"start": "00:02:25", "end": "00:02:28", "text": "through a bust phase. But what's"}, {"start": "00:02:28", "end": "00:02:29", "text": "interesting is when you look at the"}, {"start": "00:02:29", "end": "00:02:33", "text": "price of Bitcoin and you overlay the ISM"}, {"start": "00:02:33", "end": "00:02:36", "text": "onto the chart, what do you see?"}, {"start": "00:02:36", "end": "00:02:38", "text": "What do you see?"}, {"start": "00:02:38", "end": "00:02:42", "text": "You see pretty clearly that major peaks"}, {"start": "00:02:42", "end": "00:02:48", "text": "by Bitcoin have corresponded to peaks in"}, {"start": "00:02:48", "end": "00:02:51", "text": "the ISM, right? You can pretty clearly"}, {"start": "00:02:51", "end": "00:02:54", "text": "see that."}, {"start": "00:02:54", "end": "00:02:56", "text": "Clear as day."}, {"start": "00:02:56", "end": "00:03:00", "text": "So the reason why when you look at"}, {"start": "00:03:00", "end": "00:03:02", "text": "something like the social interest, the"}, {"start": "00:03:02", "end": "00:03:04", "text": "reason why it's effectively been zero"}, {"start": "00:03:04", "end": "00:03:06", "text": "this cycle,"}, {"start": "00:03:06", "end": "00:03:08", "text": "Main Street's hurting."}, {"start": "00:03:08", "end": "00:03:10", "text": "That's why this why this why the cycle"}, {"start": "00:03:10", "end": "00:03:12", "text": "feels so different. That's why there"}, {"start": "00:03:12", "end": "00:03:15", "text": "hasn't been any euphoria because Main"}, {"start": "00:03:15", "end": "00:03:16", "text": "Street"}, {"start": "00:03:16", "end": "00:03:18", "text": "is hurting."}, {"start": "00:03:18", "end": "00:03:23", "text": "And you could argue the reason why"}, {"start": "00:03:23", "end": "00:03:27", "text": "the ISM is staying below 50."}, {"start": "00:03:27", "end": "00:03:28", "text": "You could argue it's because the Fed"}, {"start": "00:03:28", "end": "00:03:31", "text": "funds rate is still higher than the"}, {"start": "00:03:31", "end": "00:03:33", "text": "neutral rate. The Fed funds rate is"}, {"start": "00:03:33", "end": "00:03:35", "text": "currently at 4%. The neutral rate, some"}, {"start": "00:03:35", "end": "00:03:37", "text": "people think it's as low as 3%. No one"}, {"start": "00:03:37", "end": "00:03:39", "text": "really knows. I tend to take the 2-year"}, {"start": "00:03:39", "end": "00:03:41", "text": "yield as a good approximation, which is"}, {"start": "00:03:41", "end": "00:03:44", "text": "around 3.6%. You could argue that if the"}, {"start": "00:03:44", "end": "00:03:46", "text": "Fed were to come out and cut by 50 basis"}, {"start": "00:03:46", "end": "00:03:49", "text": "points, we'd be below the neutral rate,"}, {"start": "00:03:49", "end": "00:03:50", "text": "but they're probably not going to do"}, {"start": "00:03:50", "end": "00:03:51", "text": "that. In fact, if you look at"}, {"start": "00:03:51", "end": "00:03:53", "text": "expectations for what the Fed's going to"}, {"start": "00:03:53", "end": "00:03:56", "text": "do in December, last I checked, it was a"}, {"start": "00:03:56", "end": "00:03:58", "text": "coin flip. It's coin flip. And even if"}, {"start": "00:03:58", "end": "00:04:01", "text": "they cut 25 basis points, that's still"}, {"start": "00:04:01", "end": "00:04:03", "text": "not enough theoretically to get below"}, {"start": "00:04:03", "end": "00:04:05", "text": "the this abstract neutral rate because"}, {"start": "00:04:05", "end": "00:04:07", "text": "it's at three the 2-year yields at 3.6%."}, {"start": "00:04:07", "end": "00:04:09", "text": "And some people think it's below 3.6,"}, {"start": "00:04:09", "end": "00:04:10", "text": "some people say it's at two or sorry,"}, {"start": "00:04:10", "end": "00:04:15", "text": "three. No one really knows. But"}, {"start": "00:04:15", "end": "00:04:17", "text": "that's why"}, {"start": "00:04:17", "end": "00:04:19", "text": "when you think about that comparison we"}, {"start": "00:04:19", "end": "00:04:24", "text": "made in I'm sure you guessed it 2019."}, {"start": "00:04:24", "end": "00:04:28", "text": "What happened? What happened in 2019? We"}, {"start": "00:04:28", "end": "00:04:31", "text": "had a top but retail never came back"}, {"start": "00:04:31", "end": "00:04:34", "text": "because Main Street was hurting. And"}, {"start": "00:04:34", "end": "00:04:36", "text": "then we had a"}, {"start": "00:04:36", "end": "00:04:38", "text": "recession,"}, {"start": "00:04:38", "end": "00:04:41", "text": "a pandemic induced recession. The money"}, {"start": "00:04:41", "end": "00:04:43", "text": "printer just turned back on and Main"}, {"start": "00:04:43", "end": "00:04:45", "text": "Street main street came back. Read cell"}, {"start": "00:04:45", "end": "00:04:51", "text": "came back. So you could argue that we"}, {"start": "00:04:51", "end": "00:04:53", "text": "are doing the same thing."}, {"start": "00:04:53", "end": "00:04:57", "text": "And what we need"}, {"start": "00:04:57", "end": "00:04:59", "text": "to really get things moving again"}, {"start": "00:04:59", "end": "00:05:03", "text": "is a scare that would allow for much"}, {"start": "00:05:03", "end": "00:05:05", "text": "looser monetary policy or simply for"}, {"start": "00:05:05", "end": "00:05:07", "text": "Jerome Pal to be replaced as chair of"}, {"start": "00:05:07", "end": "00:05:08", "text": "the Federal Reserve. Now, I'm going to"}, {"start": "00:05:08", "end": "00:05:10", "text": "say somewhat, you know, I'm going to say"}, {"start": "00:05:10", "end": "00:05:11", "text": "something controversial, but I don't"}, {"start": "00:05:11", "end": "00:05:13", "text": "think it should be. Um, but it's my"}, {"start": "00:05:13", "end": "00:05:16", "text": "channel, so I will say it. I think Pal I"}, {"start": "00:05:16", "end": "00:05:18", "text": "think Jerome Pal's done a pretty good"}, {"start": "00:05:18", "end": "00:05:20", "text": "job. How do you blame him? You know, I"}, {"start": "00:05:20", "end": "00:05:22", "text": "mean, the S&P was just at new highs not"}, {"start": "00:05:22", "end": "00:05:25", "text": "too long ago. If you had done what his"}, {"start": "00:05:25", "end": "00:05:26", "text": "critics would have said to do, you would"}, {"start": "00:05:26", "end": "00:05:29", "text": "have been cutting rates back in 2022."}, {"start": "00:05:29", "end": "00:05:32", "text": "So, I think Pal did what needed to be"}, {"start": "00:05:32", "end": "00:05:35", "text": "done, frankly. Now, could they start"}, {"start": "00:05:35", "end": "00:05:37", "text": "cutting rates more now? I think you"}, {"start": "00:05:37", "end": "00:05:39", "text": "could argue that, but I also don't think"}, {"start": "00:05:39", "end": "00:05:41", "text": "you can look at what Pal did over the"}, {"start": "00:05:41", "end": "00:05:43", "text": "last few years and criticize him too"}, {"start": "00:05:43", "end": "00:05:45", "text": "strongly for it, right? Like he did what"}, {"start": "00:05:45", "end": "00:05:48", "text": "he thought he needed to do. And yes,"}, {"start": "00:05:48", "end": "00:05:50", "text": "it's caused some pain, but what was the"}, {"start": "00:05:50", "end": "00:05:53", "text": "alternative? Just cut rates to zero,"}, {"start": "00:05:53", "end": "00:05:56", "text": "print money, and and have milk cost $10"}, {"start": "00:05:56", "end": "00:05:57", "text": "a gallon? I mean, like what, you know,"}, {"start": "00:05:57", "end": "00:06:02", "text": "what's the alternative there? So"}, {"start": "00:06:02", "end": "00:06:04", "text": "I think, you know, I do wonder if we're"}, {"start": "00:06:04", "end": "00:06:06", "text": "going to go into a period, you know,"}, {"start": "00:06:06", "end": "00:06:08", "text": "where there's like a little bit of"}, {"start": "00:06:08", "end": "00:06:10", "text": "waning interest as we get into early"}, {"start": "00:06:10", "end": "00:06:13", "text": "2026, but as interest rates come down"}, {"start": "00:06:13", "end": "00:06:15", "text": "and and and monetary policy starts to"}, {"start": "00:06:15", "end": "00:06:18", "text": "change. Um, you know, you you could end"}, {"start": "00:06:18", "end": "00:06:21", "text": "up getting sort of that next phase of"}, {"start": "00:06:21", "end": "00:06:23", "text": "the business cycle, but we're not there"}, {"start": "00:06:23", "end": "00:06:24", "text": "yet, right? like we're not you could"}, {"start": "00:06:24", "end": "00:06:29", "text": "argue that this 2019 top on the ISM was"}, {"start": "00:06:29", "end": "00:06:31", "text": "basically the same as the one we got in"}, {"start": "00:06:31", "end": "00:06:32", "text": "2025,"}, {"start": "00:06:32", "end": "00:06:36", "text": "you know, and then it went down. There"}, {"start": "00:06:36", "end": "00:06:38", "text": "was a big scare and then everything"}, {"start": "00:06:38", "end": "00:06:40", "text": "changed. So if you're if you if you keep"}, {"start": "00:06:40", "end": "00:06:41", "text": "going back to this idea of like why does"}, {"start": "00:06:41", "end": "00:06:43", "text": "it feel so different, right? Like yeah,"}, {"start": "00:06:43", "end": "00:06:45", "text": "Bitcoin did what it always does. You"}, {"start": "00:06:45", "end": "00:06:48", "text": "know, Bitcoin if you look at the ROI"}, {"start": "00:06:48", "end": "00:06:50", "text": "from the low, what more could you have"}, {"start": "00:06:50", "end": "00:06:54", "text": "asked for this cycle?"}, {"start": "00:06:54", "end": "00:06:56", "text": "In fact, if I had asked you three years"}, {"start": "00:06:56", "end": "00:06:58", "text": "ago to draw out a potential path for the"}, {"start": "00:06:58", "end": "00:07:00", "text": "market cycle ROI, is there not a chance"}, {"start": "00:07:00", "end": "00:07:02", "text": "you would have drawn out exactly that"}, {"start": "00:07:02", "end": "00:07:05", "text": "purple line? But yet, we sit here and"}, {"start": "00:07:05", "end": "00:07:07", "text": "say, why does it feel so different? It"}, {"start": "00:07:07", "end": "00:07:09", "text": "feels so different because only the blue"}, {"start": "00:07:09", "end": "00:07:12", "text": "chips rallied. The other stuff didn't"}, {"start": "00:07:12", "end": "00:07:14", "text": "rally. The other stuff didn't rally"}, {"start": "00:07:14", "end": "00:07:17", "text": "because Main Street is hurting. And Main"}, {"start": "00:07:17", "end": "00:07:19", "text": "Street, more retail investors are what"}, {"start": "00:07:19", "end": "00:07:21", "text": "send the riskier stuff higher. when"}, {"start": "00:07:21", "end": "00:07:23", "text": "you're more so focused on institutions"}, {"start": "00:07:23", "end": "00:07:25", "text": "and and all this other stuff, that's"}, {"start": "00:07:25", "end": "00:07:28", "text": "when the blue chips do better."}, {"start": "00:07:28", "end": "00:07:30", "text": "So, I just thought this was a cool a"}, {"start": "00:07:30", "end": "00:07:35", "text": "cool comparison, right? To show you why"}, {"start": "00:07:35", "end": "00:07:37", "text": "retail isn't really here, right? To kind"}, {"start": "00:07:37", "end": "00:07:40", "text": "of explain like, hey, the reason social"}, {"start": "00:07:40", "end": "00:07:42", "text": "interest is at zero like it was back in"}, {"start": "00:07:42", "end": "00:07:46", "text": "2019 is because Main Street's hurting."}, {"start": "00:07:46", "end": "00:07:47", "text": "And in order for Main Street not to be"}, {"start": "00:07:47", "end": "00:07:50", "text": "hurting, we need to we need for them to"}, {"start": "00:07:50", "end": "00:07:51", "text": "not to be so worried about the labor"}, {"start": "00:07:51", "end": "00:07:53", "text": "market. We need them to not be so"}, {"start": "00:07:53", "end": "00:07:56", "text": "worried about inflation. Um we need"}, {"start": "00:07:56", "end": "00:07:58", "text": "lower rates. But how do you get lower"}, {"start": "00:07:58", "end": "00:08:00", "text": "rates if if they you know if you have"}, {"start": "00:08:00", "end": "00:08:02", "text": "all this fiscal fiscal stimul stimulus"}, {"start": "00:08:02", "end": "00:08:04", "text": "all the time? Like it's a complicated"}, {"start": "00:08:04", "end": "00:08:07", "text": "problem to have. But the issue is that"}, {"start": "00:08:07", "end": "00:08:09", "text": "over a long enough period of time, the"}, {"start": "00:08:09", "end": "00:08:11", "text": "only way the politicians know to solve"}, {"start": "00:08:11", "end": "00:08:14", "text": "our issues is to print more money. So,"}, {"start": "00:08:14", "end": "00:08:16", "text": "yes. Are we likely having are we already"}, {"start": "00:08:16", "end": "00:08:18", "text": "are we in a downtrend right now?"}, {"start": "00:08:18", "end": "00:08:19", "text": "Absolutely. Is there a chance Bitcoin"}, {"start": "00:08:19", "end": "00:08:21", "text": "could go to the 200E moving average in"}, {"start": "00:08:21", "end": "00:08:23", "text": "2026?"}, {"start": "00:08:23", "end": "00:08:25", "text": "Absolutely. Is that different than any"}, {"start": "00:08:25", "end": "00:08:27", "text": "other cycle we've ever had?"}, {"start": "00:08:27", "end": "00:08:30", "text": "No."}, {"start": "00:08:30", "end": "00:08:33", "text": "Cycles like this where retail really"}, {"start": "00:08:33", "end": "00:08:36", "text": "doesn't come back, that's the re that"}, {"start": "00:08:36", "end": "00:08:39", "text": "that this cycle teaches good investment"}, {"start": "00:08:39", "end": "00:08:41", "text": "principles, right? It it's the it's the"}, {"start": "00:08:41", "end": "00:08:44", "text": "education of look look not every cycle"}, {"start": "00:08:44", "end": "00:08:47", "text": "is going to be met with this craziness."}, {"start": "00:08:47", "end": "00:08:49", "text": "It doesn't mean that craziness isn't"}, {"start": "00:08:49", "end": "00:08:51", "text": "going to come back. It absolutely it"}, {"start": "00:08:51", "end": "00:08:53", "text": "will, right? I mean the bears sound"}, {"start": "00:08:53", "end": "00:08:54", "text": "smart, the bulls make money. I mean it"}, {"start": "00:08:54", "end": "00:08:57", "text": "will come back at some point."}, {"start": "00:08:57", "end": "00:09:00", "text": "But it's a cycle like this which teaches"}, {"start": "00:09:00", "end": "00:09:02", "text": "you good investment principles that you"}, {"start": "00:09:02", "end": "00:09:04", "text": "can carry with you for the rest of your"}, {"start": "00:09:04", "end": "00:09:06", "text": "life. Right? And it's the reminder that"}, {"start": "00:09:06", "end": "00:09:09", "text": "nothing is ever promised with investing."}, {"start": "00:09:09", "end": "00:09:11", "text": "Nothing is ever promised. Doesn't matter"}, {"start": "00:09:11", "end": "00:09:13", "text": "how many times people say things,"}, {"start": "00:09:13", "end": "00:09:16", "text": "nothing is promised. And and that's why"}, {"start": "00:09:16", "end": "00:09:18", "text": "sticking with things that you know that"}, {"start": "00:09:18", "end": "00:09:20", "text": "that have more fundamental value are"}, {"start": "00:09:20", "end": "00:09:22", "text": "better"}, {"start": "00:09:22", "end": "00:09:25", "text": "than constantly gambling on things that"}, {"start": "00:09:25", "end": "00:09:27", "text": "require something completely out of your"}, {"start": "00:09:27", "end": "00:09:30", "text": "control. So hopefully you can at least"}, {"start": "00:09:30", "end": "00:09:32", "text": "look at this chart and it provides some"}, {"start": "00:09:32", "end": "00:09:35", "text": "type of peace as to why things have gone"}, {"start": "00:09:35", "end": "00:09:37", "text": "the way they have. Um, and to remember"}, {"start": "00:09:37", "end": "00:09:40", "text": "that eventually times will look better"}, {"start": "00:09:40", "end": "00:09:43", "text": "and and you know and eventually things"}, {"start": "00:09:43", "end": "00:09:45", "text": "will change."}, {"start": "00:09:45", "end": "00:09:47", "text": "But that's at least the comparison of"}, {"start": "00:09:47", "end": "00:09:49", "text": "Bitcoin with the ISM. If you guys like"}, {"start": "00:09:49", "end": "00:09:50", "text": "the content, make sure you subscribe to"}, {"start": "00:09:50", "end": "00:09:52", "text": "the channel, give the video a thumbs up,"}, {"start": "00:09:52", "end": "00:09:53", "text": "and check out the sale on into the"}, {"start": "00:09:53", "end": "00:09:55", "text": "cryptoverse premium at into the"}, {"start": "00:09:55", "end": "00:09:57", "text": "cryptoverse.com. I'll see you guys next"}, {"start": "00:09:57", "end": "00:09:59", "text": "time. Bye."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about Bitcoin,"}, {"start": "00:00:07", "end": "00:00:13", "text": "the bulls verse the bears. If you guys like the content, make sure you subscribe to the channel, give the video"}, {"start": "00:00:13", "end": "00:00:18", "text": "a thumbs up, and also check out the sale on into the cryptoverse premium at into"}, {"start": "00:00:18", "end": "00:00:24", "text": "the cryptoverse.com. Let's go ahead and jump in. Every so"}, {"start": "00:00:24", "end": "00:00:32", "text": "often it is useful to construct both the bullish and the bearish views and it's"}, {"start": "00:00:32", "end": "00:00:38", "text": "useful to understand each side of the argument. It's really"}, {"start": "00:00:38", "end": "00:00:45", "text": "easy to get sucked in to only one view with no way to see the other one. But at"}, {"start": "00:00:45", "end": "00:00:51", "text": "times it's useful to say look let's go through why do people believe the market"}, {"start": "00:00:51", "end": "00:00:56", "text": "is bullish and why do people believe the market is bearish and once you can"}, {"start": "00:00:56", "end": "00:01:02", "text": "understand both views then we can start to have a more reasonable discussion on"}, {"start": "00:01:02", "end": "00:01:08", "text": "on what that means and and maybe we can even construct a potential outline for"}, {"start": "00:01:08", "end": "00:01:13", "text": "for how the price action might ultimately unfold at the end of the day."}, {"start": "00:01:13", "end": "00:01:21", "text": "You know, there's a few things we must remember. And one of those things is that there is not a single person in the"}, {"start": "00:01:21", "end": "00:01:29", "text": "world that knows exactly what's going to happen in the markets. It doesn't matter how confident someone appears uh or how"}, {"start": "00:01:29", "end": "00:01:34", "text": "boldly they say something. At the end of the day, no one knows. We're all"}, {"start": "00:01:34", "end": "00:01:40", "text": "guessing. Some people are better at guessing than others. Some people get"}, {"start": "00:01:40", "end": "00:01:46", "text": "luckier than other people, but at the end of the day, no one knows. And so when when you come when you kind of come"}, {"start": "00:01:46", "end": "00:01:51", "text": "to that realization, it makes it worthwhile to to look at the view look"}, {"start": "00:01:51", "end": "00:01:57", "text": "at the price of Bitcoin through both the bullish and the bearish lens. And"}, {"start": "00:01:57", "end": "00:02:03", "text": "remember that it's a market, right? Just because you believe something doesn't mean that everyone else believes that."}, {"start": "00:02:03", "end": "00:02:11", "text": "And that's what leads to sometimes price action doing things that don't make a lot of sense to you. All right. Now,"}, {"start": "00:02:11", "end": "00:02:16", "text": "before we begin, I I do want to generally say, and I've said this, you"}, {"start": "00:02:16", "end": "00:02:22", "text": "know, for for probably six years now, ever since I started my my YouTube channel. Uh I started, by the way, I"}, {"start": "00:02:22", "end": "00:02:28", "text": "started my YouTube channel back in in the summer of 2019, right? So, it's kind of like around this area right there."}, {"start": "00:02:28", "end": "00:02:34", "text": "That's where I started the YouTube channel. Um, but in general, the thing"}, {"start": "00:02:34", "end": "00:02:42", "text": "to live by over the multiple decades, right, and if you're if you're a millennial like me, you know, this is"}, {"start": "00:02:42", "end": "00:02:50", "text": "something that should, you know, I I think is is just good practice over the long haul, is that the bears sound"}, {"start": "00:02:50", "end": "00:02:56", "text": "smart, the bulls make money, but there are"}, {"start": "00:02:56", "end": "00:03:02", "text": "times when the bears are right. There are times and you can see those times on"}, {"start": "00:03:02", "end": "00:03:08", "text": "the chart, right? There are times when the bears are right"}, {"start": "00:03:08", "end": "00:03:13", "text": "and you can see that in 2014, 2018 and 2022."}, {"start": "00:03:13", "end": "00:03:20", "text": "But despite that, the bulls over the long haul make the"}, {"start": "00:03:20", "end": "00:03:26", "text": "money right as the price goes up. So, I it's really easy to sort of fall"}, {"start": "00:03:26", "end": "00:03:31", "text": "into narratives and, you know, if several years go by and and you don't"}, {"start": "00:03:31", "end": "00:03:36", "text": "have a bare market at all, it's easy to say that it's never going to happen. And whenever price starts dropping, it's"}, {"start": "00:03:36", "end": "00:03:42", "text": "easy for people to sort of say all these crazy things about Bitcoin and imply all"}, {"start": "00:03:42", "end": "00:03:49", "text": "the really bad things, but they still refuse to kind of acknowledge the great run that it's had over the last 16"}, {"start": "00:03:49", "end": "00:03:57", "text": "years, right? And anytime it drops 20 to 30%, it's kind of like an excuse for everyone"}, {"start": "00:03:57", "end": "00:04:02", "text": "who has talked bad about it over the last 16 years to say that they were"}, {"start": "00:04:02", "end": "00:04:09", "text": "right. Right. But you you can't, you know, you can't spend 16 years fading an"}, {"start": "00:04:09", "end": "00:04:15", "text": "asset and then say you're right if it drops 20 to 30%. Right? Like doesn't"}, {"start": "00:04:15", "end": "00:04:21", "text": "really make a whole lot of sense. Obviously, if Bitcoin is going to go up a lot in a bull market, we know in a"}, {"start": "00:04:21", "end": "00:04:27", "text": "bare market it can drop. So, I want to go through the different views here and try to unpack it because in a lot of"}, {"start": "00:04:27", "end": "00:04:34", "text": "ways, this cycle has been very different if you look at it certain ways, but then"}, {"start": "00:04:34", "end": "00:04:40", "text": "in other in other ways, it's the exact same thing. So, I want to try to make sense of of what's really going on. All"}, {"start": "00:04:40", "end": "00:04:47", "text": "right. Now the first thing to note is that every"}, {"start": "00:04:47", "end": "00:04:56", "text": "prior top for Bitcoin has happened in the fourth quarter of the post having"}, {"start": "00:04:56", "end": "00:05:04", "text": "year. This is something we've known for a long time. We've talked about it for years as the most likely outcome as"}, {"start": "00:05:04", "end": "00:05:11", "text": "always is that Bitcoin tops in the fourth quarter of the post having year."}, {"start": "00:05:11", "end": "00:05:16", "text": "It happened in the fourth quarter of 2013. Right? So we can go over here and"}, {"start": "00:05:16", "end": "00:05:22", "text": "say this was Q4 of 2013. It happened in"}, {"start": "00:05:22", "end": "00:05:28", "text": "Q4 of 2017. It of course happened in Q4 of 2021."}, {"start": "00:05:28", "end": "00:05:35", "text": "And the argument is that if it's not broke, don't fix it, right? Let's not pretend"}, {"start": "00:05:35", "end": "00:05:40", "text": "like it has to be different just because we want it to be. But this is the bearish case, right? This is the bearish"}, {"start": "00:05:40", "end": "00:05:46", "text": "case. And it's just to say, you know what, we have to be willing to accept"}, {"start": "00:05:46", "end": "00:05:52", "text": "there is an outcome where the top is in the fourth quarter of the post having"}, {"start": "00:05:52", "end": "00:05:57", "text": "year and it could already be in right in October."}, {"start": "00:05:57", "end": "00:06:03", "text": "In fact, we said a few months ago and what I said then and I I'll stand by it"}, {"start": "00:06:03", "end": "00:06:10", "text": "today. I said the two most likely months for Bitcoin to top are either October or"}, {"start": "00:06:10", "end": "00:06:16", "text": "December. October or December. November"}, {"start": "00:06:16", "end": "00:06:22", "text": "was never a likely option to me anyways. October or December. October at this"}, {"start": "00:06:22", "end": "00:06:32", "text": "point is providing a somewhat compelling case. I would say at least a 60% likelihood at"}, {"start": "00:06:32", "end": "00:06:39", "text": "this point. That doesn't mean you can't have one in December, but things are"}, {"start": "00:06:39", "end": "00:06:44", "text": "starting to turn, right? Some of the longer term indicators are starting to turn. Some of the timebased indicators"}, {"start": "00:06:44", "end": "00:06:50", "text": "are starting to turn. So, it would be an uphill battle. You can have divergences"}, {"start": "00:06:50", "end": "00:06:58", "text": "where you see something happening, right? you see the weakness in the market, but it doesn't mean you can't have like a a divergence where you"}, {"start": "00:06:58", "end": "00:07:05", "text": "somehow put in a higher high even though every other indicator is is putting in lower highs, right? Like that's happened. We know that can happen."}, {"start": "00:07:05", "end": "00:07:12", "text": "That's happened many many times before. So the bearish case, whether you want to"}, {"start": "00:07:12", "end": "00:07:19", "text": "say the top is October, which again, decent odds, or December, right? the the"}, {"start": "00:07:19", "end": "00:07:25", "text": "bare case is to say, look, what's happening right now is setting up a"}, {"start": "00:07:25", "end": "00:07:31", "text": "topping process and the market would likely go lower in the first half of"}, {"start": "00:07:31", "end": "00:07:37", "text": "2026. That doesn't mean that it can't go up at all in 2026. It just means, generally"}, {"start": "00:07:37", "end": "00:07:43", "text": "speaking, that in the midterm years, you'll witness lower highs for a while."}, {"start": "00:07:43", "end": "00:07:51", "text": "So the timebased perspective is the most compelling case"}, {"start": "00:07:51", "end": "00:07:58", "text": "for the 2026 bare market. Right? And again that doesn't mean the bare market starts in 2026. Normally the bare market"}, {"start": "00:07:58", "end": "00:08:04", "text": "starts in the fourth quarter of the posth having year and then it continues"}, {"start": "00:08:04", "end": "00:08:09", "text": "for approximately one year. For instance, in 2021, the top was in"}, {"start": "00:08:09", "end": "00:08:16", "text": "November. The the bottom was a year later in November of 2022. In 2017, the top was"}, {"start": "00:08:16", "end": "00:08:22", "text": "in December. The bottom was about a year later in December of 2018. So, we know"}, {"start": "00:08:22", "end": "00:08:28", "text": "that bare markets last approximately one year. In 2013, it actually lasted a little longer than one year because the"}, {"start": "00:08:28", "end": "00:08:34", "text": "top was in like late November, early December, and then the low occurred early January. So, it was maybe about"}, {"start": "00:08:34", "end": "00:08:42", "text": "like 13 13 months or so. But all in all, you would expect a normal bare market to"}, {"start": "00:08:42", "end": "00:08:51", "text": "last approximately 1 year. Now, here is where it gets tricky and why it feels"}, {"start": "00:08:51", "end": "00:08:57", "text": "like the the cycle it it leaves something to be desired because every"}, {"start": "00:08:57", "end": "00:09:02", "text": "prior peak was accompanied by something that we"}, {"start": "00:09:02", "end": "00:09:11", "text": "don't have right now and that is euphoria. There has been no real euphoria in the"}, {"start": "00:09:11", "end": "00:09:16", "text": "crypto markets. In fact, one of the things that I've said before for the S&P"}, {"start": "00:09:16", "end": "00:09:22", "text": "500 is one of the topping processes you look for is when the price hasn't really"}, {"start": "00:09:22", "end": "00:09:29", "text": "moved for a year. Now, we're sitting here over talk, we're talking about that for the S&P 500, but then you can't"}, {"start": "00:09:29", "end": "00:09:36", "text": "start to notice that for Bitcoin, the price is where it was one year ago. And"}, {"start": "00:09:36", "end": "00:09:43", "text": "so the reason why the price kind of sitting at the same price for a long time while it kind of can can lead"}, {"start": "00:09:43", "end": "00:09:49", "text": "towards tops is because the bulls just get exhausted, right? Like the the the dip buyers get exhausted, you know? And"}, {"start": "00:09:49", "end": "00:09:56", "text": "the same thing kind of happened last cycle where after so much time of of buying and price not going higher,"}, {"start": "00:09:56", "end": "00:10:02", "text": "eventually they give up and and if the buyers get exhausted, that can lead into into the midterm year"}, {"start": "00:10:02", "end": "00:10:12", "text": "bare market. But what are we missing again? We're missing euphoria. And no prior four-year"}, {"start": "00:10:12", "end": "00:10:19", "text": "cycle top has occurred on apathy. Now, you might say, \"Well, Ben, Bitcoin has"}, {"start": "00:10:19", "end": "00:10:27", "text": "never topped on apathy.\" But it actually has. It is topped on apathy one time."}, {"start": "00:10:27", "end": "00:10:32", "text": "And it's the example we have given the entire market cycle to say, \"Look guys,"}, {"start": "00:10:32", "end": "00:10:38", "text": "we are not in the 2020 style rally. We're not in the"}, {"start": "00:10:38", "end": "00:10:44", "text": "2017 style rally. We're not in the 2013 style rally. We're in a rally that's"}, {"start": "00:10:44", "end": "00:10:50", "text": "comparable to what happened in 2019. And the reason for that"}, {"start": "00:10:50", "end": "00:11:00", "text": "is based not around the having, not around any of that stuff, but it's based more so around monetary policy."}, {"start": "00:11:00", "end": "00:11:06", "text": "What time in Bitcoin's history is the most like this time when viewed through"}, {"start": "00:11:06", "end": "00:11:13", "text": "the lens of monetary policy? It's 2019. There's something on the website, the"}, {"start": "00:11:13", "end": "00:11:21", "text": "end of the cryptoverse website called the social risk. Think about it as social interest. And when there's no"}, {"start": "00:11:21", "end": "00:11:30", "text": "interest, it's colorcoded dark blue. When there's a lot of interest, it's colorcoded dark red. So if you hide it"}, {"start": "00:11:30", "end": "00:11:36", "text": "all and you only look at anything above 08 and anything below 02,"}, {"start": "00:11:36", "end": "00:11:42", "text": "what do you see? You see that this entire cycle"}, {"start": "00:11:42", "end": "00:11:47", "text": "has been simultaneously going on during a period"}, {"start": "00:11:47", "end": "00:11:54", "text": "of apathy and relative disinterest. No one really cares that Bitcoin is"}, {"start": "00:11:54", "end": "00:12:00", "text": "trading at $94,000 right now. To say that Bitcoin is trading at 94K"}, {"start": "00:12:00", "end": "00:12:07", "text": "sounds like a bearish thing, but when you think about the fact that Bitcoin was trading at 15K"}, {"start": "00:12:07", "end": "00:12:15", "text": "exactly 3 years ago, this is a great return, right? I mean,"}, {"start": "00:12:15", "end": "00:12:23", "text": "Bitcoin is up from the low even at this point 500%."}, {"start": "00:12:23", "end": "00:12:29", "text": "any investor in the stock market. That would be incredible, right? Even if"}, {"start": "00:12:29", "end": "00:12:35", "text": "you were to take profits now, if you bought at the lows, that is still a 500%"}, {"start": "00:12:35", "end": "00:12:42", "text": "return. That is a 6x move off the low."}, {"start": "00:12:42", "end": "00:12:47", "text": "For comparison, the S&P 500 from the low"}, {"start": "00:12:47", "end": "00:12:54", "text": "is up 92%. not even a 2x off the bottom. The"}, {"start": "00:12:54", "end": "00:13:00", "text": "NASDAQ, which has done remarkably well from the"}, {"start": "00:13:00", "end": "00:13:05", "text": "low, is still only up 138%."}, {"start": "00:13:05", "end": "00:13:14", "text": "So, Bitcoin gets a bad rap in bare markets for going down 70%, 80%."}, {"start": "00:13:14", "end": "00:13:20", "text": "But people will conveniently ignore that it significantly outperformed stocks to"}, {"start": "00:13:20", "end": "00:13:27", "text": "the upside for years, for years. And so what if it gets deeper corrections in"}, {"start": "00:13:27", "end": "00:13:34", "text": "bare markets? If it goes up 800% in a bull market, it should be"}, {"start": "00:13:34", "end": "00:13:41", "text": "allowed to drop significantly in a bare market without labeling it something that's never going"}, {"start": "00:13:41", "end": "00:13:46", "text": "to recover or labeling it whatever you want to label it to make yourself feel better for missing out on it for the"}, {"start": "00:13:46", "end": "00:13:52", "text": "last 16 years. So, if you're, you know, I if you look at Bitcoin and you're"}, {"start": "00:13:52", "end": "00:13:58", "text": "sitting there like, \"Oh, yeah, see, I was right.\" Um, just know that that bare"}, {"start": "00:13:58", "end": "00:14:04", "text": "markets for Bitcoin are normal, right? Like they they've happened every four years"}, {"start": "00:14:04", "end": "00:14:11", "text": "all through Bitcoin's prior existence. And so if we have a bare market in 2026"}, {"start": "00:14:11", "end": "00:14:16", "text": "and that and we're potentially kind of framing it now, like you know, top in"}, {"start": "00:14:16", "end": "00:14:24", "text": "the topping process. It's normal, right? Like that's normal. It doesn't mean that Bitcoin is going to zero. It's just a"}, {"start": "00:14:24", "end": "00:14:31", "text": "reset period. Now, the hard part again is that how can we say this is the same"}, {"start": "00:14:31", "end": "00:14:38", "text": "as 2021 and 2017 when we're so apathetic."}, {"start": "00:14:38", "end": "00:14:45", "text": "It's because it's more like the 2019 rally and subsequent disinterest. It's"}, {"start": "00:14:45", "end": "00:14:50", "text": "more like that than any other prior four-ear cycle top. But what it leads"}, {"start": "00:14:50", "end": "00:14:55", "text": "people to say is that because there's no euphoria,"}, {"start": "00:14:55", "end": "00:15:02", "text": "this time is different, right? And therefore, the argument is that it'll go on into 2026. Guys, no one knows what's"}, {"start": "00:15:02", "end": "00:15:09", "text": "going to happen. We are a product of our experiences. It's basically like, you know, several years ago in early 2022"}, {"start": "00:15:09", "end": "00:15:16", "text": "when I said that, you know, Bitcoin dominance was about to enter a massive uptrend."}, {"start": "00:15:16", "end": "00:15:21", "text": "Why did I say that? Right? It was because"}, {"start": "00:15:21", "end": "00:15:27", "text": "I knew from prior experiences what happens to altcoins during periods of"}, {"start": "00:15:27", "end": "00:15:35", "text": "tighter and tighter monetary policy. And I knew from experience what happens to altcoins"}, {"start": "00:15:35", "end": "00:15:41", "text": "when Bitcoin dominance is very low. They then start to bleed to Bitcoin. So"}, {"start": "00:15:41", "end": "00:15:47", "text": "because I experienced that, I was able to say confidently, guys,"}, {"start": "00:15:47", "end": "00:15:53", "text": "look, this is what's going to happen. Again, if you didn't live through the 2018 bare"}, {"start": "00:15:53", "end": "00:15:58", "text": "market and live through the 2019 bull market where alts bled to Bitcoin, you"}, {"start": "00:15:58", "end": "00:16:05", "text": "might have assumed that Bitcoin dominance going into this macro uptrend was not really a strong possibility. But"}, {"start": "00:16:05", "end": "00:16:11", "text": "it happened anyways, right? It happened anyways. So, the reason why I think that"}, {"start": "00:16:11", "end": "00:16:18", "text": "2026 is more likely to be a bare market than not is because I'm a product of my"}, {"start": "00:16:18", "end": "00:16:24", "text": "own experiences. And every single midterm year has been down. 2014, 2018,"}, {"start": "00:16:24", "end": "00:16:30", "text": "and 2022. And the top always formed in the fourth quarter of the year before"}, {"start": "00:16:30", "end": "00:16:36", "text": "the midterm year. That's why. So, how do we compromise? How do we"}, {"start": "00:16:36", "end": "00:16:43", "text": "reconcile the difference between the four-year cycle tops that we've seen"}, {"start": "00:16:43", "end": "00:16:49", "text": "that have happened under Euphoria and then potentially this top and even"}, {"start": "00:16:49", "end": "00:16:55", "text": "if you get a higher high in December, which I don't know. I mean, I don't know if that's the most likely outcome, but"}, {"start": "00:16:55", "end": "00:17:00", "text": "anything's possible. How do you reconcile it? Well, first you say, what"}, {"start": "00:17:00", "end": "00:17:05", "text": "if this top"}, {"start": "00:17:05", "end": "00:17:10", "text": "in 2025, either October or December, but it's not"}, {"start": "00:17:10", "end": "00:17:17", "text": "looking great at the moment. If we can get back above the 50week moving average within the next week or so, then we'll"}, {"start": "00:17:17", "end": "00:17:23", "text": "see. Okay, how do you reconcile it? Well, what if"}, {"start": "00:17:23", "end": "00:17:30", "text": "this down period in the market by Bitcoin in 2019, what if you say what if"}, {"start": "00:17:30", "end": "00:17:36", "text": "that ends up being the 2026"}, {"start": "00:17:36", "end": "00:17:43", "text": "bare market, right? Where you get a downturn in the market, right? Like you get a downturn in the market and the"}, {"start": "00:17:43", "end": "00:17:48", "text": "four-year cycle ends up being right again, but for just a different reason."}, {"start": "00:17:48", "end": "00:17:54", "text": "Because a lot of people are looking at this and saying, \"Well, hold on a second, Ben. You're forgetting one thing."}, {"start": "00:17:54", "end": "00:18:00", "text": "QE is coming, right? That Jerome Powell said they're going to stop quantitative"}, {"start": "00:18:00", "end": "00:18:06", "text": "tightening in December, and that's only a couple of weeks away. So, who are you"}, {"start": "00:18:06", "end": "00:18:13", "text": "to sit here and say that it has to go down for the next few months?\" Like, who are you to say that? Well, if you"}, {"start": "00:18:13", "end": "00:18:20", "text": "actually look at what happened last time, the Fed ended quantitative tightening. What you'll notice is that"}, {"start": "00:18:20", "end": "00:18:26", "text": "QT came to an end in August and then it you can see that it bottomed here in"}, {"start": "00:18:26", "end": "00:18:33", "text": "September. And when that happened last cycle, Bitcoin actually topped a few"}, {"start": "00:18:33", "end": "00:18:41", "text": "months before QT ended. A few months before. And then after QE began, Bitcoin"}, {"start": "00:18:41", "end": "00:18:50", "text": "continued to go down for a little while. So what I'm suggesting as a possibility"}, {"start": "00:18:50", "end": "00:18:56", "text": "is in the same way that QT is going to end in December,"}, {"start": "00:18:56", "end": "00:19:03", "text": "is it possible that Bitcoin has a top a couple of months before QT ends, just"}, {"start": "00:19:03", "end": "00:19:10", "text": "like it did in 2019? it then bleeds into it after QT ends. It drops even further"}, {"start": "00:19:10", "end": "00:19:17", "text": "and then that drop just ends up being the 2026 bare market."}, {"start": "00:19:17", "end": "00:19:23", "text": "One way that it could work is you could say, \"Well, hold on a second, Ben. If you exclude the pandemic, which is exactly what we're going to do. I don't"}, {"start": "00:19:23", "end": "00:19:30", "text": "need I don't need, you know, the uh the I don't need to see in the comments about well, you're talking about the"}, {"start": "00:19:30", "end": "00:19:36", "text": "pandemic.\" No, I'm not talking about the pandemic. Well, if you want to comment on it, you can. It's it'll help the video, but I'm not talking about that,"}, {"start": "00:19:36", "end": "00:19:42", "text": "right? I am simply talking about the 50% drop that Bitcoin had before we went"}, {"start": "00:19:42", "end": "00:19:49", "text": "into the whole pandemic stuff. That's all I'm talking about. I'm talking about a a clean 50% drop from the high."}, {"start": "00:19:49", "end": "00:19:56", "text": "And when you see that 50% drop from the high, you'll notice that it took place from"}, {"start": "00:19:56", "end": "00:20:04", "text": "June until December. So about six months, about a six-month drop."}, {"start": "00:20:05", "end": "00:20:10", "text": "Now, in this case, you have a six-month drop. And it might make you think, well,"}, {"start": "00:20:10", "end": "00:20:17", "text": "what if this one ends up being six months? You know, is it possible that if the top is October, then you go"}, {"start": "00:20:17", "end": "00:20:22", "text": "November, December, January, February, March, April. Is it possible that this"}, {"start": "00:20:22", "end": "00:20:30", "text": "one only ends up being six months? And if it is, could you have a low"}, {"start": "00:20:30", "end": "00:20:35", "text": "around May? Yeah, it's possible. It absolutely is"}, {"start": "00:20:35", "end": "00:20:42", "text": "possible. In fact, I would still lean towards if the top is"}, {"start": "00:20:42", "end": "00:20:49", "text": "October, I would probably lean more towards a low next October."}, {"start": "00:20:49", "end": "00:20:54", "text": "But if we are setting up for a bare market in 2026,"}, {"start": "00:20:54", "end": "00:21:01", "text": "I will start to look for signs of a low as early as May. even though that"}, {"start": "00:21:01", "end": "00:21:07", "text": "doesn't really seem like the most likely outcome. And the reason is is because if"}, {"start": "00:21:07", "end": "00:21:15", "text": "you don't hop on euphoria, is it possible that the bare market"}, {"start": "00:21:15", "end": "00:21:22", "text": "isn't quite as bad? Now, for a long time, I have said to expect about a 70%"}, {"start": "00:21:22", "end": "00:21:29", "text": "drop in the bare market. And the reason I said that is because if you look at prior bare markets, you can see that"}, {"start": "00:21:29", "end": "00:21:36", "text": "they've been getting a little bit easier to navigate, right? First it was a 94% drop, then it was an 87% drop, then it"}, {"start": "00:21:36", "end": "00:21:42", "text": "was an 84% drop, and then it was a 77% drop. So"}, {"start": "00:21:42", "end": "00:21:48", "text": "extrapolating, which any good engineer will tell you you should not do, but we're going to do it anyways."}, {"start": "00:21:48", "end": "00:21:57", "text": "extrapolating would suggest the next bare market could be about a 70% draw down from the high. Now, a 70% draw down"}, {"start": "00:21:57", "end": "00:22:03", "text": "from the high would put Bitcoin basically"}, {"start": "00:22:03", "end": "00:22:09", "text": "right around 40k around 40k. And honestly, I mean, maybe that should"}, {"start": "00:22:09", "end": "00:22:17", "text": "be my base case. But the reason why I'm not so sure about that is because these"}, {"start": "00:22:17", "end": "00:22:25", "text": "prior bare markets occurred on euphoria. And when they started, they"}, {"start": "00:22:25", "end": "00:22:31", "text": "started from low Bitcoin dominance levels, right? I mean, you guys knew I"}, {"start": "00:22:31", "end": "00:22:36", "text": "was going to work it in low Bitcoin dominance levels. So look at the 2018"}, {"start": "00:22:36", "end": "00:22:43", "text": "bare market. When did it start? It started from a low Bitcoin dominance level, right?"}, {"start": "00:22:43", "end": "00:22:50", "text": "Dominance was at 35%. In 2022, 2021, January 2022, dominance"}, {"start": "00:22:50", "end": "00:22:57", "text": "was at 39%. Now, it could be that by January, maybe"}, {"start": "00:22:57", "end": "00:23:04", "text": "dominance will be all the way back down to 40% or something."}, {"start": "00:23:04", "end": "00:23:10", "text": "Maybe. But what if it's not right? Like what if it's not? What if it's still hanging out"}, {"start": "00:23:10", "end": "00:23:17", "text": "up here? Because one of the ways that you get dominance to drop is by"}, {"start": "00:23:17", "end": "00:23:24", "text": "witnessing higher highs in the social interest, right? In social risk. But if you go"}, {"start": "00:23:24", "end": "00:23:31", "text": "look at the social risk, no one's here. I mean, yeah, there's"}, {"start": "00:23:31", "end": "00:23:37", "text": "dozens of us, but no one's really here. If the orange line, the social interest,"}, {"start": "00:23:37", "end": "00:23:42", "text": "like look at where we are now compared to 2021 and 2017."}, {"start": "00:23:42", "end": "00:23:49", "text": "One of the reasons why bare markets are so brutal is because all the retail investors that come that flock into the"}, {"start": "00:23:49", "end": "00:23:56", "text": "space at the top, they end up providing the sell pressure for the next year. So, for a lot of long-term holders that"}, {"start": "00:23:56", "end": "00:24:02", "text": "maybe never sell their Bitcoin, it doesn't make sense to them like why the price would go down 80%. But the price"}, {"start": "00:24:02", "end": "00:24:07", "text": "is not going down 80% because the the long-term investors are selling. They"}, {"start": "00:24:07", "end": "00:24:12", "text": "might sell at the peak, but they're not usually the ones selling throughout the whole bare market. The people that sell through the whole bare market are the"}, {"start": "00:24:12", "end": "00:24:20", "text": "short-term investors, the tourists that come in and buy the rallies at parabolic tops. That is who is typically"}, {"start": "00:24:20", "end": "00:24:26", "text": "responsible for how brutal the bare markets are. That's why it dropped 80%. It's because of the tourists that come"}, {"start": "00:24:26", "end": "00:24:33", "text": "in. They buy the top, they sell the bottom, and they don't learn their lesson. A few people stick around. They"}, {"start": "00:24:33", "end": "00:24:40", "text": "learn their lesson. So, can you have an 80% drop? Is it"}, {"start": "00:24:40", "end": "00:24:47", "text": "possible? I mean, anything's possible, right? Like, obviously there's there's there's um there's all sorts of events"}, {"start": "00:24:47", "end": "00:24:54", "text": "that you cannot predict. Anything is possible. But the main reason in the past for 80% drops is when"}, {"start": "00:24:54", "end": "00:25:00", "text": "retail is flocking in at parabolic tops and they provide selling pressure for the next year."}, {"start": "00:25:00", "end": "00:25:08", "text": "What you'll notice about the 2019 drop is that it was a lot it was really slow"}, {"start": "00:25:08", "end": "00:25:13", "text": "and it was because we topped on apathy"}, {"start": "00:25:13", "end": "00:25:19", "text": "rather than topping on euphoria. Right? So instead of topping on euphoria, we"}, {"start": "00:25:19", "end": "00:25:25", "text": "topped on apathy instead. And therefore it left people wondering like, well, can"}, {"start": "00:25:25", "end": "00:25:30", "text": "there be something else, right? Like is that truly it or is it possible for there to be some somewhat something"}, {"start": "00:25:30", "end": "00:25:39", "text": "else? And so what ended up happening back then is QT ended. the Fed, they were cutting"}, {"start": "00:25:39", "end": "00:25:45", "text": "interest rates, but you could argue that even though they were cutting,"}, {"start": "00:25:45", "end": "00:25:51", "text": "rates still were not anywhere close to maybe what they needed to be to really"}, {"start": "00:25:51", "end": "00:25:57", "text": "get Bitcoin back in business. And you could argue the same thing is going on right now. Like, yes, rates are"}, {"start": "00:25:57", "end": "00:26:03", "text": "dropping, but right now we don't even know if the Fed's going to cut in"}, {"start": "00:26:03", "end": "00:26:11", "text": "December. In fact, right now it's more or less a coin flip as to whether they cut in December or not."}, {"start": "00:26:11", "end": "00:26:18", "text": "Guess what? In 2019, they did cut in December. And when they cut,"}, {"start": "00:26:18", "end": "00:26:25", "text": "it ended up marking a low, right? Ended up marking a low. And back then you can"}, {"start": "00:26:25", "end": "00:26:30", "text": "see Bitcoin also sort of sold off into mid November and then it basically"}, {"start": "00:26:30", "end": "00:26:38", "text": "stayed flat for the rest of the year and then we had a rally and then ultimately we had the"}, {"start": "00:26:38", "end": "00:26:46", "text": "the pandemic drop. Right? We had the pandemic drop. What I'm thinking about right now though is the fact that the"}, {"start": "00:26:46", "end": "00:26:54", "text": "Fed funds rate is still above the 2-year yield. And one of the interesting things"}, {"start": "00:26:54", "end": "00:27:00", "text": "about that, so if you look at at the the Fed funds rate, it's currently at 4%."}, {"start": "00:27:00", "end": "00:27:06", "text": "But the 2-year yield is at, I believe, um,"}, {"start": "00:27:06", "end": "00:27:12", "text": "it's at 3.6%. Right? So, it's it's about 40 basis points below the 2-year yield."}, {"start": "00:27:12", "end": "00:27:19", "text": "You could argue that if you want to treat the 2-year yield as an a like sort"}, {"start": "00:27:19", "end": "00:27:25", "text": "of as a theoretical neutral rate, which is this abstract idea where if the Fed"}, {"start": "00:27:25", "end": "00:27:30", "text": "funds rate is above the neutral rate, the economy slows down. If the Fed funds rate is below the neutral rate, the"}, {"start": "00:27:30", "end": "00:27:38", "text": "economy speeds up. You could argue that if the Fed were to cut aggressively, it would reignite the animal spirits."}, {"start": "00:27:38", "end": "00:27:44", "text": "So, how do we reconcile all this stuff? Right? because we've gone through the"}, {"start": "00:27:44", "end": "00:27:50", "text": "four-year cycle stuff and really if you look at the ROI"}, {"start": "00:27:50", "end": "00:27:56", "text": "from the low for the last two cycles and you can see where Bitcoin has so far"}, {"start": "00:27:56", "end": "00:28:03", "text": "topped this cycle. It basically topped when it always does when you measure the ROI from the bottom."}, {"start": "00:28:03", "end": "00:28:09", "text": "If you measure the ROI from the having,"}, {"start": "00:28:09", "end": "00:28:14", "text": "you can also see that when Bitcoin found this high in October is around when it"}, {"start": "00:28:14", "end": "00:28:20", "text": "normally does. Like it wouldn't be that surprising if we look back on this and we're like, \"Okay, yeah, that was the"}, {"start": "00:28:20", "end": "00:28:28", "text": "top. That's normally when the top is.\" The only thing that would have provided some uh hope is if you measure it peakto"}, {"start": "00:28:28", "end": "00:28:36", "text": "peak and then you look at this cycle compared to 2017. But the problem is back then Bitcoin was also topping"}, {"start": "00:28:36", "end": "00:28:42", "text": "within about three days when measuring it peak to peak. Okay?"}, {"start": "00:28:42", "end": "00:28:49", "text": "So a lot of ways you measure it from a timebased perspective is what makes people bearish. They live through the"}, {"start": "00:28:49", "end": "00:28:56", "text": "2022 bare market. They live through the 2018 bare market and some even live through the 2014 bare market. And they"}, {"start": "00:28:56", "end": "00:29:02", "text": "don't want to go into 2026 saying that this time is different even though there's not euphoria. They don't want to"}, {"start": "00:29:02", "end": "00:29:08", "text": "fall into the trap of, oh, it's different because there's not euphoria because last cycle it was it's different"}, {"start": "00:29:08", "end": "00:29:14", "text": "because we have institutions coming in. Now, obviously this cycle we had way more institutions than we probably"}, {"start": "00:29:14", "end": "00:29:21", "text": "probably could have ever imagined and we had ETFs, but last cycle it was all about, oh, what company's going to be buying Bitcoin next. And that's what"}, {"start": "00:29:21", "end": "00:29:28", "text": "kept people hoping. This cycle is something different. Every cycle we are thrown a curveball. Every cycle we're"}, {"start": "00:29:28", "end": "00:29:35", "text": "throwing a curveball. So that's the timebased stuff. And if"}, {"start": "00:29:35", "end": "00:29:42", "text": "you look at Bitcoin and you just look at the 50week moving average, this is one"}, {"start": "00:29:42", "end": "00:29:48", "text": "of those things where when you look at it, what you'll notice is that every"}, {"start": "00:29:48", "end": "00:29:54", "text": "single time it is for it's gone below the 50. Every single time the price has gone below the"}, {"start": "00:29:54", "end": "00:30:00", "text": "50we moving average this late into a cycle, it is historically meant"}, {"start": "00:30:00", "end": "00:30:06", "text": "it was over. Right? You can see those examples right there."}, {"start": "00:30:06", "end": "00:30:12", "text": "And so it's hard to look at that chart and immediately say that oh this time has to be different. Normally what"}, {"start": "00:30:12", "end": "00:30:18", "text": "happens after we drop below the 50we moving average is we have our date with"}, {"start": "00:30:18", "end": "00:30:23", "text": "destiny and Bitcoin goes to the 200E moving average in the midterm year. You"}, {"start": "00:30:23", "end": "00:30:30", "text": "can see after it drops below the 50we then go to the the 200 week in after 2014. Same thing in 2018. Same thing in"}, {"start": "00:30:30", "end": "00:30:38", "text": "2022. We actually went below the 200E estimate back then. Why can't it happen in 2026? Is it just because we topped on"}, {"start": "00:30:38", "end": "00:30:44", "text": "apathy in 2020? In 2019, we topped on apathy"}, {"start": "00:30:44", "end": "00:30:49", "text": "and we still went to the two in a week moving average. So"}, {"start": "00:30:49", "end": "00:30:56", "text": "from the timebased perspective, it's not hard to understand like why people are"}, {"start": "00:30:56", "end": "00:31:02", "text": "starting to flip bearish because we've seen this before. Now, the reason why"}, {"start": "00:31:02", "end": "00:31:08", "text": "it's hard in 2019, we also got a weekly close right here below the 50we and then"}, {"start": "00:31:08", "end": "00:31:13", "text": "it just kept holding like it would it would drop below it and then it would rally back above it the next week and"}, {"start": "00:31:13", "end": "00:31:18", "text": "then it would drop below it and then it would rally back above it the next week and then it kept holding at the 50we and"}, {"start": "00:31:18", "end": "00:31:23", "text": "then we ended up getting one more rally. Who knows what that rally would have"}, {"start": "00:31:23", "end": "00:31:30", "text": "turned into if the pandemic didn't happen. So, that's why I'm trying to be somewhat flexible on this. Like I I"}, {"start": "00:31:30", "end": "00:31:37", "text": "think there's probably a 60% chance. The top was in October. There's still a chance, you know, who knows what could"}, {"start": "00:31:37", "end": "00:31:44", "text": "happen. There's still a chance you could have one in December, but it it's starting to look um starting to look a"}, {"start": "00:31:44", "end": "00:31:51", "text": "little bit less likely even though it could still happen. I would need to see we'd need to see Bitcoin back above the 50we moving average. And if you get"}, {"start": "00:31:51", "end": "00:31:58", "text": "that, then who knows, right? I mean, yeah, maybe. The other thing is that near the end of"}, {"start": "00:31:58", "end": "00:32:05", "text": "cycles when you have a death cross, when the 50-day SMA crosses below the 200 day"}, {"start": "00:32:05", "end": "00:32:11", "text": "moving average, you can see that every single time that that has happened this cycle,"}, {"start": "00:32:11", "end": "00:32:17", "text": "it's formed a low within a couple of days. A low within a couple of days. Every"}, {"start": "00:32:17", "end": "00:32:22", "text": "single time. And so we just had a death cross, but we haven't yet formed a low"}, {"start": "00:32:22", "end": "00:32:30", "text": "yet potentially. I mean, maybe we have. We just don't know it yet. But if the cycle is not over, Bitcoin needs to"}, {"start": "00:32:30", "end": "00:32:35", "text": "rally like yesterday because what happens when you get a"}, {"start": "00:32:35", "end": "00:32:40", "text": "death cross and you don't get a rally is exactly what happened in 2022 when you had a death cross. Because back then we"}, {"start": "00:32:40", "end": "00:32:46", "text": "had a death cross. We had a small rally, but if we don't go anywhere, people give"}, {"start": "00:32:46", "end": "00:32:52", "text": "up and they sell. And then what happens is you get a drop and then you get a bigger rally to the 200 day moving"}, {"start": "00:32:52", "end": "00:32:57", "text": "average. That's what also happens at the end of every cycle."}, {"start": "00:32:57", "end": "00:33:04", "text": "You can see you get that rally to the 200 day moving average. It ends up being a macro lower high. It even happened in"}, {"start": "00:33:04", "end": "00:33:09", "text": "2019, right? It happened in 2022 as well. It also happened way back over"}, {"start": "00:33:09", "end": "00:33:16", "text": "here in 2014. So that 200 day moving average, if the top"}, {"start": "00:33:16", "end": "00:33:21", "text": "is in, is likely going to come into play within the next few months where it will"}, {"start": "00:33:21", "end": "00:33:29", "text": "likely form a macro lower high if the top is in. Now, if Bitcoin can"}, {"start": "00:33:29", "end": "00:33:36", "text": "rally this week back above 100K or 103K, it leaves it leaves a little bit of"}, {"start": "00:33:36", "end": "00:33:43", "text": "flexibility. But if we get another weekly close below the 50week moving average, the odds start to mount that"}, {"start": "00:33:43", "end": "00:33:49", "text": "the top is in. And whether the top indicators went off or not, it's irrelevant. There's going to be too many"}, {"start": "00:33:49", "end": "00:33:56", "text": "people. They're going to think that 2026 is not going to be a good year and they're going to start to fade."}, {"start": "00:33:56", "end": "00:34:01", "text": "And then maybe once we get looser, much looser monetary policy, people will come"}, {"start": "00:34:01", "end": "00:34:06", "text": "back to the table just like they did after the 2019 downturn."}, {"start": "00:34:06", "end": "00:34:14", "text": "So from a timebased perspective, it's very clear. The other thing I wanted to bring up is uh very briefly Micro"}, {"start": "00:34:14", "end": "00:34:21", "text": "Strategy. All right, I I want to I want to talk briefly about Micro Strategy because Micro Strategy arguably is you"}, {"start": "00:34:21", "end": "00:34:27", "text": "know it it's doing the same thing that it did last cycle basically, but it Bitcoin is behaving in a slightly"}, {"start": "00:34:27", "end": "00:34:35", "text": "different way. So look at what happened with Micro Strategy last cycle. It found a top in February and then a"}, {"start": "00:34:35", "end": "00:34:41", "text": "lower high in November and then after that"}, {"start": "00:34:41", "end": "00:34:46", "text": "it went below the support level. Is that not exactly what just happened? Right."}, {"start": "00:34:46", "end": "00:34:53", "text": "Basically, you have a top here in November and then a lower high and then now"}, {"start": "00:34:53", "end": "00:35:01", "text": "it's gone below. So, if this were to play out the same way,"}, {"start": "00:35:01", "end": "00:35:07", "text": "there's going to likely be at the very least a bare market rally"}, {"start": "00:35:07", "end": "00:35:12", "text": "for Micro Strategy at some point would be my guess, right? Because a lot of times when when when you get these"}, {"start": "00:35:12", "end": "00:35:20", "text": "breakdowns, everyone then panic sells and then you get this like, you know, potential bare market rally back up."}, {"start": "00:35:20", "end": "00:35:28", "text": "Okay. Now, my guess is that that rally by micro strategy if the top is in for"}, {"start": "00:35:28", "end": "00:35:33", "text": "Bitcoin would correspond to Bitcoin rallying back to the 200 day moving"}, {"start": "00:35:33", "end": "00:35:39", "text": "average. Notice in 2022, Bitcoin rallied to the 200 day moving average in April"}, {"start": "00:35:39", "end": "00:35:46", "text": "and Micro Strategy had this bare market rally top in April. But that is where"}, {"start": "00:35:46", "end": "00:35:52", "text": "Bitcoin rallied to its 200 day moving average in April. So, it would form a macro lower high. And notice that"}, {"start": "00:35:52", "end": "00:35:59", "text": "Bitcoin did not go below this intermediate low before the bare market"}, {"start": "00:35:59", "end": "00:36:06", "text": "rally to the 200 day moving average. Right? So, Micro Strategy did, but Bitcoin did not. Bitcoin did eventually"}, {"start": "00:36:06", "end": "00:36:12", "text": "go below it, but it was much it was it was much further on into the bare market."}, {"start": "00:36:12", "end": "00:36:19", "text": "Now, one of the reasons why being open-minded to a low as early as May, if the top is"}, {"start": "00:36:19", "end": "00:36:24", "text": "in, or even if there is a higher high in December, is because in 2022, Micro"}, {"start": "00:36:24", "end": "00:36:31", "text": "Strategy actually found a low in May. It then swept the low about half a year"}, {"start": "00:36:31", "end": "00:36:36", "text": "later in December. But if you bought Strata Micro Strategy back then in May,"}, {"start": "00:36:36", "end": "00:36:46", "text": "you essentially bought the bottom and then it rallied from 13 all the way up to $500 a share, over $500 a share. So,"}, {"start": "00:36:46", "end": "00:36:52", "text": "I want you to look though at at at one slight difference, which is why I'm not"}, {"start": "00:36:52", "end": "00:36:58", "text": "being like as deterministic as I maybe otherwise would be. If you look at this,"}, {"start": "00:36:58", "end": "00:37:04", "text": "it would be pretty clear in a lot of different ways from a timebased perspective that we are due for a"}, {"start": "00:37:04", "end": "00:37:09", "text": "downturn going into 2026. Like we're due for that. Um and and that it's just a"}, {"start": "00:37:09", "end": "00:37:16", "text": "normal part of the cycle. Bare markets should not be scary. Trade the market that you have, not the market that you want. Bare markets allow you to get in"}, {"start": "00:37:16", "end": "00:37:22", "text": "positions that then you can ride for several years. Okay? It's they're not a bad thing. Again, what I've said before,"}, {"start": "00:37:22", "end": "00:37:28", "text": "right? Um the money is really made in the bare market, right? If you have the courage"}, {"start": "00:37:28", "end": "00:37:35", "text": "to buy in the bare market. Uh so but but in this case in this case with with"}, {"start": "00:37:35", "end": "00:37:41", "text": "Micro Strategy, you know, back then in 2022, it it formed a lower high for"}, {"start": "00:37:41", "end": "00:37:49", "text": "Bitcoin USD. But what's interesting is that if you look at the high the lower high by Micro Strategy in 2021, it was"}, {"start": "00:37:49", "end": "00:37:57", "text": "in November. When did Bitcoin top? November. But then if you look at this cycle, the lower high was in July, but"}, {"start": "00:37:57", "end": "00:38:03", "text": "Bitcoin didn't top in July, right? It had a top in July, but then it went"}, {"start": "00:38:03", "end": "00:38:08", "text": "higher in August and October as well. So,"}, {"start": "00:38:08", "end": "00:38:15", "text": "you know, is it possible that if you have like a a rally by micro strategy back up, you know, is it possible that"}, {"start": "00:38:15", "end": "00:38:22", "text": "Bitcoin could exceed the 200 day moving average? Yeah, it's possible. In fact, in 2019,"}, {"start": "00:38:22", "end": "00:38:28", "text": "Bitcoin did exceed the 200 day moving average. It did."}, {"start": "00:38:28", "end": "00:38:33", "text": "So, it's not impossible for something like that to occur. So, I still think,"}, {"start": "00:38:33", "end": "00:38:40", "text": "as I've said for a while, the top is either from a timebased perspective,"}, {"start": "00:38:40", "end": "00:38:46", "text": "October, because that's when the ROI from the low would suggest it would be."}, {"start": "00:38:46", "end": "00:38:52", "text": "Is there still time for euphoria? I don't want to say it can't happen, but"}, {"start": "00:38:52", "end": "00:38:59", "text": "we're running out of time, right? We're running out of time. Doesn't mean it can't happen. It's just"}, {"start": "00:38:59", "end": "00:39:06", "text": "who knows? There's only theoretically about 6 weeks left. Now, I mean, you know, I do look"}, {"start": "00:39:06", "end": "00:39:12", "text": "at this and I wonder like I mean, is it possible that we just kind of go down into December, we we we get an end to"}, {"start": "00:39:12", "end": "00:39:18", "text": "QT, then Bitcoin maybe gets a little bit of a bounce into early 2026, and then we still have a bare market. Absolutely."}, {"start": "00:39:18", "end": "00:39:23", "text": "That's how it could play out. But I do wonder about these divergences because"}, {"start": "00:39:23", "end": "00:39:29", "text": "when you look at wi when Bitcoin got a higher high on it on the USD valuation,"}, {"start": "00:39:29", "end": "00:39:38", "text": "it was on this little rally by Micro Strategy right here. So if Micro Strategy were to get a bigger rally"}, {"start": "00:39:38", "end": "00:39:46", "text": "now, maybe maybe there would be another nice knee-jerk bounce by Bitcoin back up to the upside."}, {"start": "00:39:46", "end": "00:39:53", "text": "hopefully before it would go below, you know, these lows over here, which that would be kind of repeating what it did"}, {"start": "00:39:53", "end": "00:40:00", "text": "um in the last cycle, right? Getting a nice multi-month bounce back up to at least the 200 day moving average within"}, {"start": "00:40:00", "end": "00:40:06", "text": "the next two to three months would be kind of probably the baseline expectation because a lot of people were"}, {"start": "00:40:06", "end": "00:40:12", "text": "asking me, well, Micro Strategy just dropped straight down and took out this low. Could Bitcoin do the same? Well,"}, {"start": "00:40:12", "end": "00:40:19", "text": "last cycle, Micro Strategy did the same thing, right? like it just dropped, took out the low and Bitcoin dropped, but it"}, {"start": "00:40:19", "end": "00:40:24", "text": "didn't take out that low. It still had a rally back up and then eventually it took out the low. The peak indicators"}, {"start": "00:40:24", "end": "00:40:30", "text": "that a lot of people are are curious about include things like, you know, like the PI cycle top, but I don't think"}, {"start": "00:40:30", "end": "00:40:35", "text": "the PI cycle top's going to would have ever signaled because if you look at the if you take the moving averages and you"}, {"start": "00:40:35", "end": "00:40:41", "text": "divide them and you extrapolate this trend line, it's not going to go above one this cycle regardless. And so you"}, {"start": "00:40:41", "end": "00:40:46", "text": "could argue that if it was not going to go above one, there was never going to trigger anyways. But it would have"}, {"start": "00:40:46", "end": "00:40:53", "text": "suggested it would have gone higher than where it is right now. So what if where this pycle top is is more similar to"}, {"start": "00:40:53", "end": "00:40:59", "text": "again the 2019 top where they came close but not really that close and then there"}, {"start": "00:40:59", "end": "00:41:05", "text": "was a downturn but not as deep as the other bare"}, {"start": "00:41:05", "end": "00:41:14", "text": "markets. There was a downturn, but then the money printers came back on and then we had"}, {"start": "00:41:14", "end": "00:41:22", "text": "euphoria. It's possible. So again, there there's there's a chance here that the n the"}, {"start": "00:41:22", "end": "00:41:29", "text": "2019 downturn before Q that started before QT ended"}, {"start": "00:41:29", "end": "00:41:40", "text": "could just be the 2026 bare market that started in Q4 of 2025. And what if you"}, {"start": "00:41:40", "end": "00:41:48", "text": "get maybe a 50% drop instead of 70? because a 50% drop from the high"}, {"start": "00:41:48", "end": "00:41:53", "text": "would actually put you between 60 and 70K. And the reason why that's"}, {"start": "00:41:53", "end": "00:42:00", "text": "interesting is because that's exactly where the 200E moving average is going to be in 2026."}, {"start": "00:42:00", "end": "00:42:06", "text": "And you can see that in the midterm years, Bitcoin tends to return to the"}, {"start": "00:42:06", "end": "00:42:13", "text": "200E moving average. Sometimes even in other non-midterm years, it tends to at least go to the 200E moving average."}, {"start": "00:42:13", "end": "00:42:20", "text": "So perhaps we have our date with destiny after all. But maybe the bare market"}, {"start": "00:42:20", "end": "00:42:27", "text": "is more tame. And you know what's interesting is if it plays out like that, if it"}, {"start": "00:42:27", "end": "00:42:34", "text": "plays out like this where you have your bull market and then you have sort of like a a"}, {"start": "00:42:34", "end": "00:42:40", "text": "smaller bare market and then another bull market. I feel like both sides"}, {"start": "00:42:40", "end": "00:42:46", "text": "could kind of claim they're right. Right. Like, you know, the bears could be like, \"Well, yeah, like we said there was going to be a bare market in 2026."}, {"start": "00:42:46", "end": "00:42:53", "text": "Like, why didn't you listen? Like, we always have a bare market.\" But the bulls could say, \"Well, I mean, a 50% correction, is that really a Bitcoin"}, {"start": "00:42:53", "end": "00:42:59", "text": "bare market?\" I mean, obviously a 50% drop in stocks would be horrible, but in Bitcoin, I mean, a 50% drop is a Tuesday"}, {"start": "00:42:59", "end": "00:43:06", "text": "afternoon. So, you know, maybe there's there's a way. I don't know if we can do this on"}, {"start": "00:43:06", "end": "00:43:16", "text": "um on on Trading View ISM. Can we look at the ISM on here? Um"}, {"start": "00:43:17", "end": "00:43:26", "text": "maybe we can't I can't remember. I feel like it is possible. Um but I I I I can't fully"}, {"start": "00:43:26", "end": "00:43:31", "text": "remember. Uh let's see."}, {"start": "00:43:34", "end": "00:43:39", "text": "Okay, I think I got it here."}, {"start": "00:43:40", "end": "00:43:47", "text": "So, we're going to go with this. Here we go. Okay, so here's the ISM"}, {"start": "00:43:48", "end": "00:43:51", "text": "if I can."}, {"start": "00:43:56", "end": "00:44:03", "text": "Okay, this is a really interesting chart because the ISM, the purchasing managers"}, {"start": "00:44:03", "end": "00:44:09", "text": "index shows you that these prior peaks by Bitcoin correspond to peaks in the"}, {"start": "00:44:09", "end": "00:44:14", "text": "ISM. You see that?"}, {"start": "00:44:15", "end": "00:44:23", "text": "Now you know why retail's not here, guys. Look at the ISM. The ISM looks more like the bare markets"}, {"start": "00:44:23", "end": "00:44:29", "text": "than it does the bull market. No wonder retail's not here is because"}, {"start": "00:44:29", "end": "00:44:35", "text": "Main Street is struggling. Wall Street has been doing fine. The S&P is doing"}, {"start": "00:44:35", "end": "00:44:42", "text": "fine. Main Street, they're the ones st stuck in traffic on Struggle Street right now."}, {"start": "00:44:42", "end": "00:44:49", "text": "So, it has been trending up. And so, some people are saying, well, you know, maybe"}, {"start": "00:44:49", "end": "00:44:54", "text": "if it goes up in 2026, Bitcoin could go up. Well, what if what if it's down here"}, {"start": "00:44:54", "end": "00:44:59", "text": "and maybe the next time it goes up isn't until say like 2027 or 2028."}, {"start": "00:44:59", "end": "00:45:06", "text": "So again, you could have a I'm not like I don't look at this chart and it's not like I don't sympathize with the people"}, {"start": "00:45:06", "end": "00:45:13", "text": "that have these views like yeah like the reason why retail's here is because every I mean this looks more like a bare market than a bull market in terms of"}, {"start": "00:45:13", "end": "00:45:19", "text": "the ISM. That's why retail never came back. It's one reason."}, {"start": "00:45:19", "end": "00:45:26", "text": "But that doesn't mean they're going to come back in the first half of 2026 either. And you know, one of the reasons is because Jerome Pal is going to likely"}, {"start": "00:45:26", "end": "00:45:32", "text": "be replaced as the chair of the Federal Reserve in May of 2026. And I don't"}, {"start": "00:45:32", "end": "00:45:39", "text": "think he wants to leave his post aggressively cutting interest rates and being blamed for inflation coming back."}, {"start": "00:45:39", "end": "00:45:45", "text": "I think he's going to be very difficult to convince to bring rates down a lot."}, {"start": "00:45:45", "end": "00:45:52", "text": "I do. I really do. Let me see if I can get this to load here so we can look at it."}, {"start": "00:45:52", "end": "00:45:57", "text": "The markets are currently saying that Powell will cut one more time before he"}, {"start": "00:45:57", "end": "00:46:03", "text": "leaves because again he would be replaced in in May. I don't think I mean he still be there. He just wouldn't be the chair. They're saying he'll cut one"}, {"start": "00:46:03", "end": "00:46:09", "text": "more time. Powell will likely be replaced by someone a lot more doubbish."}, {"start": "00:46:09", "end": "00:46:15", "text": "And when rates come down a lot more and when the money printers likely come back on because that's the only way they know"}, {"start": "00:46:15", "end": "00:46:22", "text": "how to fix our problems, unfortunately, then things could change. You know, maybe things would change at that point."}, {"start": "00:46:22", "end": "00:46:29", "text": "But the problem is that in the first five months of 2026, there's going to be those macro headwinds, right? There's"}, {"start": "00:46:29", "end": "00:46:36", "text": "going to be those macro headwinds. I'm not saying the ISM can't go up. I'm just saying that by the time it goes up, like"}, {"start": "00:46:36", "end": "00:46:42", "text": "do we really think it's going to go from, you know, 48 back up to the 60s or"}, {"start": "00:46:42", "end": "00:46:49", "text": "the 70s within the next like 6 months? A lot of times it it takes a long time. I mean, in, you know, back over here, it"}, {"start": "00:46:49", "end": "00:46:55", "text": "found a low in in 2012, and the high for Bitcoin wasn't until a year later. In"}, {"start": "00:46:55", "end": "00:47:03", "text": "the next cycle, the low was in January 2016, but the high for Bitcoin wasn't until almost two years later. In 2020,"}, {"start": "00:47:03", "end": "00:47:09", "text": "you had a low in in May, and then Bitcoin topped about a year and a half later. So, even if"}, {"start": "00:47:09", "end": "00:47:15", "text": "the ISM were to start aggressively going up, it doesn't mean that then Bitcoin has to"}, {"start": "00:47:15", "end": "00:47:20", "text": "immediately go up in early 2026. It could be you get that sort of shorter"}, {"start": "00:47:20", "end": "00:47:26", "text": "term drop just to allow the market to reset and then we continue higher maybe"}, {"start": "00:47:26", "end": "00:47:33", "text": "before a 70 to 80% draw down. So the argument is if you don't top on euphoria"}, {"start": "00:47:33", "end": "00:47:39", "text": "do you have to have an 80% drop in the bare market? Maybe not. Maybe you get more of like a"}, {"start": "00:47:39", "end": "00:47:46", "text": "2019 style 50% drop, which would still be in line"}, {"start": "00:47:46", "end": "00:47:52", "text": "with everything, right? It would still be in line because that would also put you"}, {"start": "00:47:52", "end": "00:47:59", "text": "between the two, you know, at those prior all-time highs. That's where it would put you."}, {"start": "00:48:01", "end": "00:48:07", "text": "It's got to be a possibility, right? So, I can look at something like the PI cycle top and be like, yeah, like what"}, {"start": "00:48:07", "end": "00:48:12", "text": "if we just get that brief downturn in the first part of 2026 and then things"}, {"start": "00:48:12", "end": "00:48:18", "text": "start to pick up after that. You could also go look at something called the terminal price, another indicator. Now,"}, {"start": "00:48:18", "end": "00:48:23", "text": "what's interesting about this indicator is that it also hasn't gone up to the red line, but guess what? It didn't in"}, {"start": "00:48:23", "end": "00:48:29", "text": "2019 either. It just kind of stalled out. It went down and then it barely got below the green line during the"}, {"start": "00:48:29", "end": "00:48:36", "text": "pandemic. And that was I mean, imagine that. That was a crazy drop. Um, it did go lower if you look at Wix, but where"}, {"start": "00:48:36", "end": "00:48:42", "text": "is the green line today? Where is it? It's currently at 56K. It's probably"}, {"start": "00:48:42", "end": "00:48:48", "text": "going to be above 60K by mid 2026. So, you can kind of see the same thing"}, {"start": "00:48:48", "end": "00:48:53", "text": "playing out just on a grander scale. But the four-year cycle could still remain"}, {"start": "00:48:53", "end": "00:48:59", "text": "intact, right? Like you could have a scenario where you have a draw down, but it's not as bad as the the Bears think"}, {"start": "00:48:59", "end": "00:49:04", "text": "and it's worse than the bulls think. So then everyone ends up claiming they're right."}, {"start": "00:49:04", "end": "00:49:10", "text": "Either everyone's right or everyone's wrong. I don't know how you look at it, but that's what makes it a market. The"}, {"start": "00:49:10", "end": "00:49:17", "text": "bulls have a point, right? There's no euphoria. How do you have an 80% bare market"}, {"start": "00:49:17", "end": "00:49:24", "text": "when Bitcoin dominance is sitting at 60%. Normally the bare markets, the aggressive bare markets start at low"}, {"start": "00:49:24", "end": "00:49:29", "text": "Bitcoin dominance levels. But we did have a bare market, the 2019 bare market"}, {"start": "00:49:29", "end": "00:49:35", "text": "that started in June of 2019"}, {"start": "00:49:35", "end": "00:49:40", "text": "and Bitcoin dominance was at the same level that it's at right now."}, {"start": "00:49:40", "end": "00:49:46", "text": "So, it's not impossible to have a bare market from higher Bitcoin dominance levels."}, {"start": "00:49:46", "end": "00:49:51", "text": "It just means it might not be as bad because you don't have euphoria. You don't have retail coming in and panic"}, {"start": "00:49:51", "end": "00:49:58", "text": "selling every low. The people that are here today have been here for for probably years."}, {"start": "00:50:00", "end": "00:50:05", "text": "So that's where I am on this stuff right now."}, {"start": "00:50:05", "end": "00:50:11", "text": "The Bulls have a case. The Bears have a case over a long period"}, {"start": "00:50:11", "end": "00:50:17", "text": "of time. The Bears sound smart, but the Bulls make money. That's the"}, {"start": "00:50:17", "end": "00:50:24", "text": "reality. I mean, right, it is. And I'm not saying it won't ever change. I mean, at some point we probably will have a a"}, {"start": "00:50:24", "end": "00:50:30", "text": "um a more prolonged downturn because all markets eventually do."}, {"start": "00:50:30", "end": "00:50:36", "text": "But there's been a thousand times through Bitcoin's history where you could argue that the bears had a good"}, {"start": "00:50:36", "end": "00:50:42", "text": "point, but the price still kept going up. And even though the price went down"}, {"start": "00:50:42", "end": "00:50:48", "text": "for periods of time, you know, think about all the crazy"}, {"start": "00:50:48", "end": "00:50:53", "text": "Bitcoin skeptics that said they were right every single time we had a bare market. Do you think"}, {"start": "00:50:53", "end": "00:51:00", "text": "any of them ended up buying in at the lows or do they just become skeptics again and claim they were right at the next peak? You have to think about it,"}, {"start": "00:51:00", "end": "00:51:07", "text": "right? Like think about it from that perspective. It's easy to just constantly say that, you know, to make"}, {"start": "00:51:07", "end": "00:51:14", "text": "all these accusations about what Bitcoin is just because it starts to drop. But if they did it after every prior top,"}, {"start": "00:51:14", "end": "00:51:20", "text": "what credibility does that argument have? Because they'll just do it again in four years and claim they're right"}, {"start": "00:51:20", "end": "00:51:26", "text": "again. So just be careful. um try not to fall into those traps because I mean it"}, {"start": "00:51:26", "end": "00:51:33", "text": "it's easy to right it absolutely is easy to fall into those traps um"}, {"start": "00:51:33", "end": "00:51:38", "text": "but that that's generally my view in the short term I know a lot of people are like well you know what about this cycle"}, {"start": "00:51:38", "end": "00:51:45", "text": "like you know is it possible that Bitcoin could go back up it's tough like we're running out of time the time the"}, {"start": "00:51:45", "end": "00:51:51", "text": "the timebased aspect of it is a major headwind right now right it's a major"}, {"start": "00:51:51", "end": "00:51:57", "text": "headwind Um the the lack of euphoria"}, {"start": "00:51:57", "end": "00:52:02", "text": "could be a potential reason for a tailwind if there's any type of um you"}, {"start": "00:52:02", "end": "00:52:09", "text": "know any type of catalyst that could could start things moving and get people to at least believe oh we're going to head into a euphoria phase but it could"}, {"start": "00:52:09", "end": "00:52:16", "text": "just be another divergence. The other thing that we talked about is the relative strength index because the relative strength index, you know, is is"}, {"start": "00:52:16", "end": "00:52:22", "text": "something that you would really want to see hold at these prior lows,"}, {"start": "00:52:22", "end": "00:52:27", "text": "but you can see it's broken through. And in 2017 when it broke through in"}, {"start": "00:52:27", "end": "00:52:34", "text": "January, you know, the cycle ended up being over, right?"}, {"start": "00:52:35", "end": "00:52:41", "text": "When it breaks through, it's usually not a good thing. Not saying you can't have fake outs, but generally speaking, you"}, {"start": "00:52:41", "end": "00:52:47", "text": "have to at least be open-minded to, you know, to getting a rally back up at some point, but it just being a a lower high."}, {"start": "00:52:47", "end": "00:52:53", "text": "So, the RSI doesn't really look that great. The monthly RSI obviously left something to be desired"}, {"start": "00:52:53", "end": "00:52:59", "text": "this cycle because you can see that that's there's no euphoria, right? This"}, {"start": "00:52:59", "end": "00:53:06", "text": "this monthly RSI just looks kind of like what happened right there in 2019 where it went up but it didn't really go up as"}, {"start": "00:53:06", "end": "00:53:13", "text": "much as you would think. It came back down. It reset but not at the lows. It"}, {"start": "00:53:13", "end": "00:53:20", "text": "reset at a higher low maybe like like right here and then it went into"}, {"start": "00:53:20", "end": "00:53:25", "text": "euphoria. So there's certainly a chance that all that could happen. One way this could"}, {"start": "00:53:25", "end": "00:53:32", "text": "play out on a more grander scale is the Fed Powell cuts rates again. Um, we end"}, {"start": "00:53:32", "end": "00:53:39", "text": "up getting a 2026 sort of bare market that maybe lasts for at least 6 months. Um, the new chair comes in, they cut"}, {"start": "00:53:39", "end": "00:53:44", "text": "rates, they they turn the printers on, you then get the next cycle. Um, and and"}, {"start": "00:53:44", "end": "00:53:51", "text": "things start to rally again, but then they realize they're starting to reignite the animal spirits. Inflation"}, {"start": "00:53:51", "end": "00:53:57", "text": "starts to come back and they have to raise rates. That might sound crazy. That's exactly"}, {"start": "00:53:57", "end": "00:54:02", "text": "what happened in 2000 in the in the uh dot era. It's exactly what happened in"}, {"start": "00:54:02", "end": "00:54:07", "text": "the dot era, right? So, if you look at the S&P 500 and you look at interest"}, {"start": "00:54:07", "end": "00:54:13", "text": "rates, if you look at interest rates, you can"}, {"start": "00:54:13", "end": "00:54:19", "text": "see that they they were lowering rates some through here, but then eventually they had to raise rates again, and"}, {"start": "00:54:19", "end": "00:54:25", "text": "that's what ultimately killed off the animal spirits. And then we had the com crash. If you look at that whole move"}, {"start": "00:54:25", "end": "00:54:34", "text": "through the lens of M2, the money supply, I would argue that to some degree, it's"}, {"start": "00:54:34", "end": "00:54:40", "text": "still playing out almost perfectly. If you take a I I think it will diverge to be clear, but if you take a bar"}, {"start": "00:54:40", "end": "00:54:46", "text": "pattern from 1996 until the actual top,"}, {"start": "00:54:46", "end": "00:54:53", "text": "even that 20% draw down we got back in April, March lines up. So, you could argue that we're kind of getting close"}, {"start": "00:54:53", "end": "00:54:59", "text": "to this draw down right here into early 2026,"}, {"start": "00:54:59", "end": "00:55:05", "text": "but it still doesn't mean it's over necessarily, right? It doesn't. And the other thing,"}, {"start": "00:55:05", "end": "00:55:10", "text": "too, is you could argue that um it'll, you know, it it it could very"}, {"start": "00:55:10", "end": "00:55:16", "text": "well diverge, right? It could very well diverge. There's obviously a lot more companies now that are are actually"}, {"start": "00:55:16", "end": "00:55:22", "text": "using AI and it's improving efficiency and and it it's actually um allowing"}, {"start": "00:55:22", "end": "00:55:28", "text": "them to generate a profit whereas back in the dot era in the early days a lot of the companies weren't really generating a whole lot of profit and"}, {"start": "00:55:28", "end": "00:55:35", "text": "things were more crazy back then than they are today right they were um but it is something to you know to at least"}, {"start": "00:55:35", "end": "00:55:42", "text": "keep in mind keep in the back of your mind so those are my views um I hope it's"}, {"start": "00:55:42", "end": "00:55:50", "text": "useful to you. I think both sides have a case to be made."}, {"start": "00:55:50", "end": "00:55:55", "text": "Both sides have a case to be made. Um,"}, {"start": "00:55:56", "end": "00:56:03", "text": "I think one way you can reconcile it is to say like what if we're like kind of in this phase"}, {"start": "00:56:03", "end": "00:56:09", "text": "where the market is just kind of begrudgingly dropping a little,"}, {"start": "00:56:09", "end": "00:56:16", "text": "but it's not exactly like what you've seen in the prior bare markets after major euphoria phases. So, I want you"}, {"start": "00:56:16", "end": "00:56:21", "text": "guys to keep that in mind. We'll keep we'll keep talking about the markets and trying to figure out what's actually"}, {"start": "00:56:21", "end": "00:56:28", "text": "going on. Um, but those are my views. Those the case for the bulls and the bears. That's at least one way we could"}, {"start": "00:56:28", "end": "00:56:33", "text": "potentially reconcile it. In the short term, if Bitcoin can get back above the"}, {"start": "00:56:33", "end": "00:56:40", "text": "50we moving average, then I will we'll look at the potential upside. But until"}, {"start": "00:56:40", "end": "00:56:48", "text": "that happens, I I think we, you know, we at least have to to sort of be aware that normally when you get these closes below the 50we, um it's it's at least"}, {"start": "00:56:48", "end": "00:56:55", "text": "worthwhile to start thinking about like what could that look like going into the midterm year. And my guess is this in a"}, {"start": "00:56:55", "end": "00:57:02", "text": "very, you know, unambiguous like I I'm not trying to to to say what I mean."}, {"start": "00:57:02", "end": "00:57:08", "text": "Regardless of what happens for the rest of this year, I do think that Bitcoin will have its date with destiny at the"}, {"start": "00:57:08", "end": "00:57:15", "text": "200E moving average in 2026. And my guess is that date with destiny will be"}, {"start": "00:57:15", "end": "00:57:21", "text": "somewhere between 60 and 70K. And it'll it should happen it'll probably happen"}, {"start": "00:57:21", "end": "00:57:26", "text": "sometime uh in in 2026. If you guys like the content, make sure you subscribe to"}, {"start": "00:57:26", "end": "00:57:34", "text": "the channel, give the video a thumbs up, and check out the sale on Into the Cryptoverse Premium at into the cryptoverse.com. I'll see you guys next"}, {"start": "00:57:34", "end": "00:57:37", "text": "time. Bye."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:05", "text": "into the cryptoverse. Today we're going"}, {"start": "00:00:05", "end": "00:00:06", "text": "to talk about Bitcoin and we're going to"}, {"start": "00:00:06", "end": "00:00:09", "text": "be discussing how it is now finally"}, {"start": "00:00:09", "end": "00:00:11", "text": "after all this time closed a weekly"}, {"start": "00:00:11", "end": "00:00:13", "text": "close below the 50week moving average."}, {"start": "00:00:13", "end": "00:00:14", "text": "If you guys like the content, make sure"}, {"start": "00:00:14", "end": "00:00:16", "text": "you subscribe to the channel, give the"}, {"start": "00:00:16", "end": "00:00:18", "text": "video a thumbs up, and also check out"}, {"start": "00:00:18", "end": "00:00:20", "text": "the sale on into the cryptoverse premium"}, {"start": "00:00:20", "end": "00:00:23", "text": "at into the cryptoverse.com."}, {"start": "00:00:23", "end": "00:00:26", "text": "I really want to do like an hourong"}, {"start": "00:00:26", "end": "00:00:29", "text": "video and go through a lot of thoughts."}, {"start": "00:00:29", "end": "00:00:32", "text": "Uh, but I just got back from Amsterdam."}, {"start": "00:00:32", "end": "00:00:34", "text": "I was at the Bitcoin conference there."}, {"start": "00:00:34", "end": "00:00:36", "text": "It's It's not even that late, but I've"}, {"start": "00:00:36", "end": "00:00:37", "text": "been up for a really long time. So, I'm"}, {"start": "00:00:37", "end": "00:00:39", "text": "gonna keep this one short and then"}, {"start": "00:00:39", "end": "00:00:42", "text": "tomorrow I will do a longer video. But,"}, {"start": "00:00:42", "end": "00:00:44", "text": "I do want to at least bring up the fact"}, {"start": "00:00:44", "end": "00:00:46", "text": "that Bitcoin had a weekly close below"}, {"start": "00:00:46", "end": "00:00:49", "text": "the 50we moving average and and just"}, {"start": "00:00:49", "end": "00:00:54", "text": "kind of say um again, historically,"}, {"start": "00:00:54", "end": "00:00:56", "text": "that's not a good thing. Now, again, I"}, {"start": "00:00:56", "end": "00:00:58", "text": "don't control the market. You don't"}, {"start": "00:00:58", "end": "00:00:59", "text": "control the market, as I've said before,"}, {"start": "00:00:59", "end": "00:01:02", "text": "right? Trade the market that you have,"}, {"start": "00:01:02", "end": "00:01:05", "text": "not the market that you want. And"}, {"start": "00:01:05", "end": "00:01:07", "text": "there's obviously some nuances to it,"}, {"start": "00:01:07", "end": "00:01:09", "text": "and we're going to cover those in more"}, {"start": "00:01:09", "end": "00:01:11", "text": "detail tomorrow because it's not like"}, {"start": "00:01:11", "end": "00:01:14", "text": "the exact same thing. But when you look"}, {"start": "00:01:14", "end": "00:01:17", "text": "at all prior Q4s"}, {"start": "00:01:17", "end": "00:01:23", "text": "of all prior post having years,"}, {"start": "00:01:23", "end": "00:01:25", "text": "when you get weekly closes below the"}, {"start": "00:01:25", "end": "00:01:28", "text": "50we moving average, it historically has"}, {"start": "00:01:28", "end": "00:01:31", "text": "meant the cycle is over, right? That is"}, {"start": "00:01:31", "end": "00:01:34", "text": "what has historically meant. And again,"}, {"start": "00:01:34", "end": "00:01:36", "text": "this is one of those things that like"}, {"start": "00:01:36", "end": "00:01:38", "text": "you can't really dispute that like it's"}, {"start": "00:01:38", "end": "00:01:41", "text": "just a fact that when Bitcoin gets the"}, {"start": "00:01:41", "end": "00:01:43", "text": "weekly closes below the the below the"}, {"start": "00:01:43", "end": "00:01:46", "text": "50we moving average in the post having"}, {"start": "00:01:46", "end": "00:01:49", "text": "year, it then sets up the drop to the"}, {"start": "00:01:49", "end": "00:01:51", "text": "eventual 200E moving average. Now, last"}, {"start": "00:01:51", "end": "00:01:53", "text": "cycle, we went below the 200E moving"}, {"start": "00:01:53", "end": "00:01:56", "text": "average. Does this cycle do we go below"}, {"start": "00:01:56", "end": "00:02:00", "text": "it? Here's the thing. The bears have a"}, {"start": "00:02:00", "end": "00:02:03", "text": "solid case. They do, right? And we've"}, {"start": "00:02:03", "end": "00:02:05", "text": "talked about this for a while that when"}, {"start": "00:02:05", "end": "00:02:09", "text": "you look at the ROI from the low, you"}, {"start": "00:02:09", "end": "00:02:11", "text": "have to it it has to be an outcome you"}, {"start": "00:02:11", "end": "00:02:13", "text": "consider here because you know when you"}, {"start": "00:02:13", "end": "00:02:15", "text": "look at it, Bitcoin topped right around"}, {"start": "00:02:15", "end": "00:02:18", "text": "the same time that it always does when"}, {"start": "00:02:18", "end": "00:02:21", "text": "you measure the ROI from the low or if"}, {"start": "00:02:21", "end": "00:02:24", "text": "you measure it from the having Right?"}, {"start": "00:02:24", "end": "00:02:25", "text": "You measure it from the having. That's"}, {"start": "00:02:25", "end": "00:02:28", "text": "also, you know, you could argue, hey,"}, {"start": "00:02:28", "end": "00:02:30", "text": "why would you expect too much more when"}, {"start": "00:02:30", "end": "00:02:34", "text": "it tops when it always does? Okay."}, {"start": "00:02:34", "end": "00:02:37", "text": "So, that's true."}, {"start": "00:02:37", "end": "00:02:39", "text": "It's also true like the bulls are"}, {"start": "00:02:39", "end": "00:02:41", "text": "saying, well, hold on a second. We"}, {"start": "00:02:41", "end": "00:02:43", "text": "didn't have a euphoria phase, right?"}, {"start": "00:02:43", "end": "00:02:45", "text": "Like, you know, none of the indicators"}, {"start": "00:02:45", "end": "00:02:47", "text": "that you would have expected to top or"}, {"start": "00:02:47", "end": "00:02:50", "text": "to signal actually went off. It's been"}, {"start": "00:02:50", "end": "00:02:52", "text": "sort of a slower move up. And that's why"}, {"start": "00:02:52", "end": "00:02:55", "text": "I've more so compared this to sort of"}, {"start": "00:02:55", "end": "00:02:58", "text": "what happened in 2019, right? Where we"}, {"start": "00:02:58", "end": "00:03:01", "text": "don't top on euphoria,"}, {"start": "00:03:01", "end": "00:03:04", "text": "we top on apathy. And if you don't know"}, {"start": "00:03:04", "end": "00:03:06", "text": "what I'm talking about, if you go look"}, {"start": "00:03:06", "end": "00:03:09", "text": "at the social risk, social interest in"}, {"start": "00:03:09", "end": "00:03:12", "text": "crypto, you can see that we've more so"}, {"start": "00:03:12", "end": "00:03:16", "text": "topped on apathy like 2019 rather than"}, {"start": "00:03:16", "end": "00:03:21", "text": "euphoria like 2017 and 2021."}, {"start": "00:03:21", "end": "00:03:26", "text": "So, what I'm thinking, first of all, is"}, {"start": "00:03:26", "end": "00:03:29", "text": "that there there needs to be a little"}, {"start": "00:03:29", "end": "00:03:32", "text": "bit of wiggle room, right? I've said two"}, {"start": "00:03:32", "end": "00:03:34", "text": "weekly closes is is kind of what you"}, {"start": "00:03:34", "end": "00:03:36", "text": "want to see for confirmation. There was"}, {"start": "00:03:36", "end": "00:03:39", "text": "some time in 2019 where we got a weekly"}, {"start": "00:03:39", "end": "00:03:40", "text": "close below and then we got right back"}, {"start": "00:03:40", "end": "00:03:42", "text": "above it the following week and then we"}, {"start": "00:03:42", "end": "00:03:44", "text": "kind of hung out at the 50week moving"}, {"start": "00:03:44", "end": "00:03:45", "text": "average and then eventually we moved up"}, {"start": "00:03:45", "end": "00:03:47", "text": "again"}, {"start": "00:03:47", "end": "00:03:51", "text": "and then the market crashed, right?"}, {"start": "00:03:52", "end": "00:03:55", "text": "I would say at this point,"}, {"start": "00:03:55", "end": "00:03:57", "text": "given the fact that we've closed below"}, {"start": "00:03:57", "end": "00:04:00", "text": "the 50we moving average and given how"}, {"start": "00:04:00", "end": "00:04:04", "text": "late cycle it is, I would say there's"}, {"start": "00:04:04", "end": "00:04:08", "text": "probably a 60 to 70% chance that the top"}, {"start": "00:04:08", "end": "00:04:12", "text": "is already in. Okay, about a 60 to 70%."}, {"start": "00:04:12", "end": "00:04:15", "text": "Now, listen, at the end of the day, we"}, {"start": "00:04:15", "end": "00:04:17", "text": "just had a death cross. There's plenty"}, {"start": "00:04:17", "end": "00:04:19", "text": "of times where death crosses mark local"}, {"start": "00:04:19", "end": "00:04:23", "text": "lows within a few days. Um, so I'm not"}, {"start": "00:04:23", "end": "00:04:24", "text": "like I'm not asking you to go make rash"}, {"start": "00:04:24", "end": "00:04:28", "text": "decisions, but it is something to keep"}, {"start": "00:04:28", "end": "00:04:30", "text": "in mind. Like we're all adults here."}, {"start": "00:04:30", "end": "00:04:31", "text": "It's just something to keep in mind. And"}, {"start": "00:04:31", "end": "00:04:34", "text": "to remember that bare markets are a"}, {"start": "00:04:34", "end": "00:04:36", "text": "normal part of the cycle, right? Like"}, {"start": "00:04:36", "end": "00:04:39", "text": "they are. They happen. They've happened"}, {"start": "00:04:39", "end": "00:04:44", "text": "every single midterm year. 2014,"}, {"start": "00:04:44", "end": "00:04:46", "text": "2018,"}, {"start": "00:04:46", "end": "00:04:48", "text": "2022. Could this just be setting us up"}, {"start": "00:04:48", "end": "00:04:51", "text": "for 2026? You know, you could have a"}, {"start": "00:04:51", "end": "00:04:53", "text": "scenario where it does like what it did"}, {"start": "00:04:53", "end": "00:04:56", "text": "last cycle where it drops at the end of"}, {"start": "00:04:56", "end": "00:04:57", "text": "the post having year and then at the"}, {"start": "00:04:57", "end": "00:04:59", "text": "very beginning of the midterm year, it"}, {"start": "00:04:59", "end": "00:05:01", "text": "rallies for a little bit, you know, back"}, {"start": "00:05:01", "end": "00:05:03", "text": "up to the 50we moving average. I think"}, {"start": "00:05:03", "end": "00:05:05", "text": "that's a possibility that that"}, {"start": "00:05:05", "end": "00:05:07", "text": "absolutely could play out."}, {"start": "00:05:07", "end": "00:05:10", "text": "I do want to draw your attention to the"}, {"start": "00:05:10", "end": "00:05:14", "text": "death cross and to know there are times"}, {"start": "00:05:14", "end": "00:05:16", "text": "where Bitcoin finds a low around the"}, {"start": "00:05:16", "end": "00:05:17", "text": "time of the death cross, right? I mean,"}, {"start": "00:05:17", "end": "00:05:20", "text": "it happened earlier this year uh and"}, {"start": "00:05:20", "end": "00:05:22", "text": "it's happened many many times. So, I I I"}, {"start": "00:05:22", "end": "00:05:24", "text": "want to like I I don't want to ignore"}, {"start": "00:05:24", "end": "00:05:26", "text": "that like the bulls have a point that"}, {"start": "00:05:26", "end": "00:05:29", "text": "hey, a lot of times Bitcoin finds a low"}, {"start": "00:05:29", "end": "00:05:31", "text": "around the time of the death cross, but"}, {"start": "00:05:31", "end": "00:05:34", "text": "at the end of the cycle it doesn't have"}, {"start": "00:05:34", "end": "00:05:36", "text": "to. That's the hard part. Like there are"}, {"start": "00:05:36", "end": "00:05:38", "text": "times where at the end of the cycle like"}, {"start": "00:05:38", "end": "00:05:41", "text": "people wait for the death cross rally,"}, {"start": "00:05:41", "end": "00:05:43", "text": "it doesn't happen. You get kind of like"}, {"start": "00:05:43", "end": "00:05:44", "text": "a small little rally and then it dumps"}, {"start": "00:05:44", "end": "00:05:46", "text": "further. People panic sell and then you"}, {"start": "00:05:46", "end": "00:05:48", "text": "get a rally up to the 200 day moving"}, {"start": "00:05:48", "end": "00:05:50", "text": "average. So I want to draw your"}, {"start": "00:05:50", "end": "00:05:54", "text": "attention to that. If the top is in, if"}, {"start": "00:05:54", "end": "00:05:58", "text": "the top is in, then you would expect at"}, {"start": "00:05:58", "end": "00:06:01", "text": "some point a rally back up to the 200"}, {"start": "00:06:01", "end": "00:06:02", "text": "day moving average, right? Like it's"}, {"start": "00:06:02", "end": "00:06:04", "text": "happened every single cycle. It also"}, {"start": "00:06:04", "end": "00:06:06", "text": "even went above it in 2019, but we tend"}, {"start": "00:06:06", "end": "00:06:08", "text": "to get that rally back up to the 200 day"}, {"start": "00:06:08", "end": "00:06:12", "text": "moving average at some point."}, {"start": "00:06:12", "end": "00:06:13", "text": "And note"}, {"start": "00:06:13", "end": "00:06:16", "text": "that we're we're pretty far below the"}, {"start": "00:06:16", "end": "00:06:18", "text": "200 day moving average right now. But I"}, {"start": "00:06:18", "end": "00:06:22", "text": "would guess that at some point if the"}, {"start": "00:06:22", "end": "00:06:25", "text": "top is in, Bitcoin would get a rally"}, {"start": "00:06:25", "end": "00:06:28", "text": "back up to the 200 day moving average,"}, {"start": "00:06:28", "end": "00:06:30", "text": "right? That doesn't mean it can't go"}, {"start": "00:06:30", "end": "00:06:33", "text": "down first. I mean, it could, but the"}, {"start": "00:06:33", "end": "00:06:35", "text": "200 day moving average, I'm going to"}, {"start": "00:06:35", "end": "00:06:37", "text": "guess will come into play regardless of"}, {"start": "00:06:37", "end": "00:06:41", "text": "whether the cycle top is in. So, here's"}, {"start": "00:06:41", "end": "00:06:43", "text": "the way I'm thinking about this market,"}, {"start": "00:06:43", "end": "00:06:44", "text": "and I'm just being honest. I'm not"}, {"start": "00:06:44", "end": "00:06:46", "text": "trying to like pull a fast one on you or"}, {"start": "00:06:46", "end": "00:06:48", "text": "anything like that. I'm just saying like"}, {"start": "00:06:48", "end": "00:06:51", "text": "how I'm thinking about it."}, {"start": "00:06:51", "end": "00:06:55", "text": "I think that next year"}, {"start": "00:06:55", "end": "00:06:56", "text": "will be a down year, right? Like I I"}, {"start": "00:06:56", "end": "00:06:58", "text": "think it it will be down even if the"}, {"start": "00:06:58", "end": "00:07:00", "text": "very first part of it starts off like if"}, {"start": "00:07:00", "end": "00:07:02", "text": "it goes down a little and then goes up"}, {"start": "00:07:02", "end": "00:07:03", "text": "for a couple of months. Like that's"}, {"start": "00:07:03", "end": "00:07:07", "text": "possible. Did it in 2022 as well. But I"}, {"start": "00:07:07", "end": "00:07:10", "text": "do wonder if there's a way where both"}, {"start": "00:07:10", "end": "00:07:13", "text": "sides can kind of claim credit here"}, {"start": "00:07:13", "end": "00:07:17", "text": "where the Bears have a point like in"}, {"start": "00:07:17", "end": "00:07:20", "text": "terms of in terms of like when we top we"}, {"start": "00:07:20", "end": "00:07:22", "text": "normally top in Q4."}, {"start": "00:07:22", "end": "00:07:25", "text": "They have a great point and you can't"}, {"start": "00:07:25", "end": "00:07:28", "text": "ignore it. just because you want to."}, {"start": "00:07:28", "end": "00:07:32", "text": "Why can't that be the top?"}, {"start": "00:07:33", "end": "00:07:36", "text": "There does exist a scenario"}, {"start": "00:07:36", "end": "00:07:38", "text": "where"}, {"start": "00:07:38", "end": "00:07:41", "text": "you have a bare market and Bitcoin"}, {"start": "00:07:41", "end": "00:07:43", "text": "drops,"}, {"start": "00:07:43", "end": "00:07:46", "text": "but maybe it it's like the 2019 move,"}, {"start": "00:07:46", "end": "00:07:48", "text": "right? Like where it it dro and and"}, {"start": "00:07:48", "end": "00:07:49", "text": "we're going to exclude the pandemic drop"}, {"start": "00:07:49", "end": "00:07:54", "text": "for now where it drops like 50%."}, {"start": "00:07:54", "end": "00:07:56", "text": "Right? where you get a 50% drop back to"}, {"start": "00:07:56", "end": "00:08:01", "text": "the 200E moving average around 60 to 70K"}, {"start": "00:08:01", "end": "00:08:03", "text": "and"}, {"start": "00:08:03", "end": "00:08:06", "text": "then maybe things start to pick back up"}, {"start": "00:08:06", "end": "00:08:09", "text": "after that."}, {"start": "00:08:09", "end": "00:08:11", "text": "Now, a lot of times the bare markets are"}, {"start": "00:08:11", "end": "00:08:14", "text": "70% draw downs, 80% draw downs, but I"}, {"start": "00:08:14", "end": "00:08:16", "text": "just want to throw that throw that out"}, {"start": "00:08:16", "end": "00:08:18", "text": "there where, you know, it's possible"}, {"start": "00:08:18", "end": "00:08:21", "text": "that you get this like correction back"}, {"start": "00:08:21", "end": "00:08:24", "text": "down and it ends up being a bare market,"}, {"start": "00:08:24", "end": "00:08:26", "text": "but you've had diminishing losses each"}, {"start": "00:08:26", "end": "00:08:29", "text": "cycle. I mean, I would generally expect"}, {"start": "00:08:29", "end": "00:08:31", "text": "a 70% draw down, but I would also"}, {"start": "00:08:31", "end": "00:08:34", "text": "generally expect a 70% draw down to"}, {"start": "00:08:34", "end": "00:08:36", "text": "happen after a euphoria phase, not after"}, {"start": "00:08:36", "end": "00:08:40", "text": "sort of apathy, if you will."}, {"start": "00:08:40", "end": "00:08:42", "text": "So, that's kind of interesting when you"}, {"start": "00:08:42", "end": "00:08:44", "text": "think about like how the market has has"}, {"start": "00:08:44", "end": "00:08:46", "text": "behaved right now. So, what I'm looking"}, {"start": "00:08:46", "end": "00:08:49", "text": "for essentially is you've already had"}, {"start": "00:08:49", "end": "00:08:51", "text": "one weekly close below the 50week moving"}, {"start": "00:08:51", "end": "00:08:53", "text": "average, right? And considering how late"}, {"start": "00:08:53", "end": "00:08:56", "text": "cycle we are,"}, {"start": "00:08:56", "end": "00:08:58", "text": "we have to start, you know, you have to"}, {"start": "00:08:58", "end": "00:09:00", "text": "start thinking about, hey, like we we"}, {"start": "00:09:00", "end": "00:09:01", "text": "can't just talk about it as"}, {"start": "00:09:01", "end": "00:09:03", "text": "hypothetically. Oh yeah, we know that"}, {"start": "00:09:03", "end": "00:09:05", "text": "could be the top. Like there is some"}, {"start": "00:09:05", "end": "00:09:08", "text": "evidence. Um, there's really some"}, {"start": "00:09:08", "end": "00:09:12", "text": "evidence starting to mount. Now listen,"}, {"start": "00:09:12", "end": "00:09:14", "text": "I don't like"}, {"start": "00:09:14", "end": "00:09:16", "text": "like flip back and forth very much in my"}, {"start": "00:09:16", "end": "00:09:17", "text": "views. is like normally I just have a"}, {"start": "00:09:17", "end": "00:09:19", "text": "view and I stick with it and I don't"}, {"start": "00:09:19", "end": "00:09:21", "text": "like like I don't change my mind every"}, {"start": "00:09:21", "end": "00:09:24", "text": "week about how things might play out."}, {"start": "00:09:24", "end": "00:09:28", "text": "But I will say, you know, if if Bitcoin"}, {"start": "00:09:28", "end": "00:09:29", "text": "gets back above the 50week moving"}, {"start": "00:09:29", "end": "00:09:33", "text": "average this week,"}, {"start": "00:09:33", "end": "00:09:35", "text": "then I would be forced to then say,"}, {"start": "00:09:35", "end": "00:09:38", "text": "okay, maybe we're back to 50/50, right?"}, {"start": "00:09:38", "end": "00:09:41", "text": "So like if Bitcoin were to rally back up"}, {"start": "00:09:41", "end": "00:09:44", "text": "to 103K and get a weekly close back"}, {"start": "00:09:44", "end": "00:09:47", "text": "above it,"}, {"start": "00:09:47", "end": "00:09:48", "text": "maybe it is just a fake out. I mean, in"}, {"start": "00:09:48", "end": "00:09:50", "text": "2019 on the first week we closed below"}, {"start": "00:09:50", "end": "00:09:52", "text": "the 50week moving average, the next week"}, {"start": "00:09:52", "end": "00:09:54", "text": "we rallied right back above it, you"}, {"start": "00:09:54", "end": "00:09:56", "text": "know, and eventually it did lead to"}, {"start": "00:09:56", "end": "00:09:57", "text": "another rally. It didn't lead to a new"}, {"start": "00:09:57", "end": "00:09:59", "text": "high, but it did lead to a new another"}, {"start": "00:09:59", "end": "00:10:02", "text": "rally. Uh that I mean, honestly, if you"}, {"start": "00:10:02", "end": "00:10:04", "text": "look at the actual percent move of the"}, {"start": "00:10:04", "end": "00:10:07", "text": "rally from the low, it was 60%."}, {"start": "00:10:07", "end": "00:10:08", "text": "Obviously, if Bitcoin would go up that"}, {"start": "00:10:08", "end": "00:10:09", "text": "much, it would actually put it at a new"}, {"start": "00:10:09", "end": "00:10:11", "text": "all-time high. It goes to show you just"}, {"start": "00:10:11", "end": "00:10:13", "text": "how big those moves were back then when"}, {"start": "00:10:13", "end": "00:10:16", "text": "the market cap was smaller."}, {"start": "00:10:16", "end": "00:10:18", "text": "So, I don't want to get like overly"}, {"start": "00:10:18", "end": "00:10:21", "text": "deterministic here because like I I do"}, {"start": "00:10:21", "end": "00:10:24", "text": "see a case from both sides and and the"}, {"start": "00:10:24", "end": "00:10:25", "text": "next video that I do, we're going to do"}, {"start": "00:10:25", "end": "00:10:28", "text": "sort of the infamous uh the bear versus"}, {"start": "00:10:28", "end": "00:10:30", "text": "the bull case where we go through the"}, {"start": "00:10:30", "end": "00:10:32", "text": "intricate details of the bear case and"}, {"start": "00:10:32", "end": "00:10:35", "text": "the bull case. Um, obviously with the"}, {"start": "00:10:35", "end": "00:10:37", "text": "weekly closes below the 50week moving"}, {"start": "00:10:37", "end": "00:10:40", "text": "average,"}, {"start": "00:10:40", "end": "00:10:43", "text": "it it has to make you question things"}, {"start": "00:10:43", "end": "00:10:45", "text": "because it's Q4. Remember what I said"}, {"start": "00:10:45", "end": "00:10:47", "text": "all year long,"}, {"start": "00:10:47", "end": "00:10:50", "text": "do not be complacent in Q4 because"}, {"start": "00:10:50", "end": "00:10:53", "text": "normally Q4 is when the cycle tops. So"}, {"start": "00:10:53", "end": "00:10:56", "text": "again, the Bulls have a point. It's not"}, {"start": "00:10:56", "end": "00:11:00", "text": "like we topped on Euphoria like normal."}, {"start": "00:11:00", "end": "00:11:03", "text": "But if we were to really bring this 2019"}, {"start": "00:11:03", "end": "00:11:07", "text": "comparison home and follow it through,"}, {"start": "00:11:07", "end": "00:11:09", "text": "then you know perhaps the way it plays"}, {"start": "00:11:09", "end": "00:11:12", "text": "out is we get a drop back to the 200E"}, {"start": "00:11:12", "end": "00:11:14", "text": "moving average. And that just ends up"}, {"start": "00:11:14", "end": "00:11:16", "text": "being kind of how it played out last"}, {"start": "00:11:16", "end": "00:11:18", "text": "cycle with respect to monetary policy"}, {"start": "00:11:18", "end": "00:11:21", "text": "because remember last cycle Bitcoin"}, {"start": "00:11:21", "end": "00:11:25", "text": "topped out a few months before QT ended."}, {"start": "00:11:25", "end": "00:11:27", "text": "So who's to say that can't just simp"}, {"start": "00:11:27", "end": "00:11:29", "text": "simply happen again? like maybe it tops"}, {"start": "00:11:29", "end": "00:11:31", "text": "out a few months before quantitative"}, {"start": "00:11:31", "end": "00:11:35", "text": "tightening ends. It slowly drops down to"}, {"start": "00:11:35", "end": "00:11:38", "text": "the 200E moving average and then gets a"}, {"start": "00:11:38", "end": "00:11:40", "text": "big bounce off of that. Now, the 200E"}, {"start": "00:11:40", "end": "00:11:42", "text": "moving average is only 50% below the"}, {"start": "00:11:42", "end": "00:11:46", "text": "all-time high, right? Like it's not an"}, {"start": "00:11:46", "end": "00:11:49", "text": "80% drop."}, {"start": "00:11:49", "end": "00:11:51", "text": "It's not. So, that's something to think"}, {"start": "00:11:51", "end": "00:11:52", "text": "about. I want you guys to keep that in"}, {"start": "00:11:52", "end": "00:11:54", "text": "mind. I don't really have anything else"}, {"start": "00:11:54", "end": "00:11:57", "text": "to say. Tomorrow I'll do a longer video"}, {"start": "00:11:57", "end": "00:12:00", "text": "and we'll go through, you know, a lot"}, {"start": "00:12:00", "end": "00:12:03", "text": "more of of the intricacies of the bull"}, {"start": "00:12:03", "end": "00:12:06", "text": "case versus the bare case and, you know,"}, {"start": "00:12:06", "end": "00:12:08", "text": "kind of how the probabilities lead. If"}, {"start": "00:12:08", "end": "00:12:09", "text": "any of you guys follow the prediction"}, {"start": "00:12:09", "end": "00:12:11", "text": "markets, like the probabilities for"}, {"start": "00:12:11", "end": "00:12:12", "text": "things are constantly changing, right?"}, {"start": "00:12:12", "end": "00:12:14", "text": "They're constantly changing. So, there's"}, {"start": "00:12:14", "end": "00:12:17", "text": "not really like a a sure thing. I know a"}, {"start": "00:12:17", "end": "00:12:19", "text": "lot of people are convinced that there"}, {"start": "00:12:19", "end": "00:12:20", "text": "is a sure thing and that they know"}, {"start": "00:12:20", "end": "00:12:22", "text": "exactly what's going to happen, but the"}, {"start": "00:12:22", "end": "00:12:24", "text": "reality is is like no one actually"}, {"start": "00:12:24", "end": "00:12:25", "text": "knows. like no one actually knows."}, {"start": "00:12:25", "end": "00:12:28", "text": "Bitcoin could go to 80K tomorrow just as"}, {"start": "00:12:28", "end": "00:12:30", "text": "likely as it could go back up to 100K."}, {"start": "00:12:30", "end": "00:12:32", "text": "You know, no one actually knows. We're"}, {"start": "00:12:32", "end": "00:12:35", "text": "all just guessing. And and so again, I"}, {"start": "00:12:35", "end": "00:12:38", "text": "don't flip-flop very much in my views,"}, {"start": "00:12:38", "end": "00:12:40", "text": "especially like on a weekly basis. But I"}, {"start": "00:12:40", "end": "00:12:42", "text": "will say if if Bitcoin were to go back"}, {"start": "00:12:42", "end": "00:12:46", "text": "above 103K by the end of this week, then"}, {"start": "00:12:46", "end": "00:12:49", "text": "I would say the odds go back to 50/50."}, {"start": "00:12:49", "end": "00:12:53", "text": "If you get a second close below,"}, {"start": "00:12:53", "end": "00:12:55", "text": "the odds go up. considerably that the"}, {"start": "00:12:55", "end": "00:12:57", "text": "top is already in. Doesn't mean you"}, {"start": "00:12:57", "end": "00:12:59", "text": "can't have a rally. It just means it"}, {"start": "00:12:59", "end": "00:13:01", "text": "would likely yield a lower high. By the"}, {"start": "00:13:01", "end": "00:13:04", "text": "way, one more thing."}, {"start": "00:13:04", "end": "00:13:06", "text": "If the top is not in and the weekly"}, {"start": "00:13:06", "end": "00:13:09", "text": "close below the 50 week is a fake out,"}, {"start": "00:13:09", "end": "00:13:10", "text": "which we can't assume that at this"}, {"start": "00:13:10", "end": "00:13:12", "text": "point. We have to assume that it it"}, {"start": "00:13:12", "end": "00:13:13", "text": "means something. But if it is just a"}, {"start": "00:13:13", "end": "00:13:16", "text": "fake out, you would expect a rally by"}, {"start": "00:13:16", "end": "00:13:19", "text": "Bitcoin within the next day or two. Like"}, {"start": "00:13:19", "end": "00:13:20", "text": "this is not something we can just sit"}, {"start": "00:13:20", "end": "00:13:22", "text": "around all week. Because what I've seen"}, {"start": "00:13:22", "end": "00:13:24", "text": "happen before when death crosses happen"}, {"start": "00:13:24", "end": "00:13:28", "text": "and the cycle's over, what happens is"}, {"start": "00:13:28", "end": "00:13:30", "text": "look what happened in 2022, right? Where"}, {"start": "00:13:30", "end": "00:13:32", "text": "you have like a little rally, but then"}, {"start": "00:13:32", "end": "00:13:34", "text": "it doesn't actually go up and then you"}, {"start": "00:13:34", "end": "00:13:36", "text": "get a bigger dump. Like you get another"}, {"start": "00:13:36", "end": "00:13:38", "text": "dump and then you get the rally to the"}, {"start": "00:13:38", "end": "00:13:40", "text": "200 day moving average and then it marks"}, {"start": "00:13:40", "end": "00:13:43", "text": "the macro lower high. So here's the"}, {"start": "00:13:43", "end": "00:13:47", "text": "thing. If the cycle is over,"}, {"start": "00:13:47", "end": "00:13:49", "text": "you would only expect a small rally"}, {"start": "00:13:49", "end": "00:13:51", "text": "around the death cross. And after about"}, {"start": "00:13:51", "end": "00:13:53", "text": "a week, people are going to give up"}, {"start": "00:13:53", "end": "00:13:55", "text": "waiting for it. And then you get a"}, {"start": "00:13:55", "end": "00:13:58", "text": "deeper drop and then a rally to the 200"}, {"start": "00:13:58", "end": "00:14:02", "text": "day moving average. If the cycle is not"}, {"start": "00:14:02", "end": "00:14:05", "text": "over and somehow miraculously Bitcoin is"}, {"start": "00:14:05", "end": "00:14:07", "text": "able to go to a new all-time high, you"}, {"start": "00:14:07", "end": "00:14:10", "text": "would expect a rally within the next day"}, {"start": "00:14:10", "end": "00:14:12", "text": "or two because people are going to stop."}, {"start": "00:14:12", "end": "00:14:13", "text": "people aren't going to wait around"}, {"start": "00:14:13", "end": "00:14:16", "text": "forever. You know, they're just not."}, {"start": "00:14:16", "end": "00:14:17", "text": "They're going to come to the same"}, {"start": "00:14:17", "end": "00:14:19", "text": "conclusion that everyone else is coming"}, {"start": "00:14:19", "end": "00:14:23", "text": "to and they're going to sell."}, {"start": "00:14:23", "end": "00:14:25", "text": "So"}, {"start": "00:14:25", "end": "00:14:28", "text": "again, every single death cross this"}, {"start": "00:14:28", "end": "00:14:30", "text": "entire cycle,"}, {"start": "00:14:30", "end": "00:14:32", "text": "every single one,"}, {"start": "00:14:32", "end": "00:14:34", "text": "the low happened within a couple of"}, {"start": "00:14:34", "end": "00:14:36", "text": "days. Some days it was a couple of days"}, {"start": "00:14:36", "end": "00:14:38", "text": "before, sometimes it was a couple days"}, {"start": "00:14:38", "end": "00:14:40", "text": "after, but they all happened within a"}, {"start": "00:14:40", "end": "00:14:43", "text": "couple of days. So, if the cycle is not"}, {"start": "00:14:43", "end": "00:14:46", "text": "over, Bitcoin should have a sizable"}, {"start": "00:14:46", "end": "00:14:49", "text": "rally within the next few days. If it"}, {"start": "00:14:49", "end": "00:14:51", "text": "does not, and we're still hanging out at"}, {"start": "00:14:51", "end": "00:14:54", "text": "these low prices by the end of the week"}, {"start": "00:14:54", "end": "00:14:57", "text": "and you get a second weekly close below,"}, {"start": "00:14:57", "end": "00:14:59", "text": "it doesn't mean you can't have counter"}, {"start": "00:14:59", "end": "00:15:00", "text": "trend rallies, but the odds of the cycle"}, {"start": "00:15:00", "end": "00:15:02", "text": "top being in go up considerably. So,"}, {"start": "00:15:02", "end": "00:15:04", "text": "those are my views. Again, you have to"}, {"start": "00:15:04", "end": "00:15:07", "text": "respect the market that you have, not"}, {"start": "00:15:07", "end": "00:15:09", "text": "the market that you want. If this is,"}, {"start": "00:15:09", "end": "00:15:10", "text": "you know, if if we are really going into"}, {"start": "00:15:10", "end": "00:15:12", "text": "the bare market, uh, which normally"}, {"start": "00:15:12", "end": "00:15:14", "text": "drops below the 50we estimate this late"}, {"start": "00:15:14", "end": "00:15:17", "text": "in the cycle would suggest, then that"}, {"start": "00:15:17", "end": "00:15:19", "text": "200E moving average is going to be the"}, {"start": "00:15:19", "end": "00:15:21", "text": "focus for the next few months. Okay?"}, {"start": "00:15:21", "end": "00:15:23", "text": "Because normally we kind of drop back"}, {"start": "00:15:23", "end": "00:15:24", "text": "down into that. It would also maybe"}, {"start": "00:15:24", "end": "00:15:27", "text": "correspond to Bitcoin kind of back"}, {"start": "00:15:27", "end": "00:15:30", "text": "testing that trend line sometime out in"}, {"start": "00:15:30", "end": "00:15:33", "text": "like mid 2026."}, {"start": "00:15:33", "end": "00:15:34", "text": "So certainly an outcome that we have to"}, {"start": "00:15:34", "end": "00:15:38", "text": "consider here. Um, and I I think we'll"}, {"start": "00:15:38", "end": "00:15:39", "text": "wrap it up there. Thank you guys for"}, {"start": "00:15:39", "end": "00:15:41", "text": "tuning in. Uh, make sure you subscribe,"}, {"start": "00:15:41", "end": "00:15:42", "text": "give the video a thumbs up, and again,"}, {"start": "00:15:42", "end": "00:15:44", "text": "check out the sale on Into the"}, {"start": "00:15:44", "end": "00:15:45", "text": "Cryptoverse Premium at into the"}, {"start": "00:15:45", "end": "00:15:47", "text": "cryptoverse.com. I'll see you guys next"}, {"start": "00:15:47", "end": "00:15:50", "text": "time. Bye."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:04", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:07", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:09", "text": "dominance. If you guys like the content,"}, {"start": "00:00:09", "end": "00:00:11", "text": "make sure you subscribe to the channel,"}, {"start": "00:00:11", "end": "00:00:12", "text": "give the video a thumbs up, and also"}, {"start": "00:00:12", "end": "00:00:14", "text": "check out the sale on Into the"}, {"start": "00:00:14", "end": "00:00:16", "text": "Cryptoverse Premium at into the"}, {"start": "00:00:16", "end": "00:00:19", "text": "cryptoverse.com."}, {"start": "00:00:19", "end": "00:00:20", "text": "Let's go ahead and jump in. So, I'm"}, {"start": "00:00:20", "end": "00:00:22", "text": "actually recording this video on"}, {"start": "00:00:22", "end": "00:00:25", "text": "November 10th. I'll be out of town for a"}, {"start": "00:00:25", "end": "00:00:27", "text": "few days. I'm going to be speaking at"}, {"start": "00:00:27", "end": "00:00:29", "text": "Bitcoin Amsterdam."}, {"start": "00:00:29", "end": "00:00:32", "text": "So, my apologies if uh things are a lot"}, {"start": "00:00:32", "end": "00:00:34", "text": "different than when I made this video,"}, {"start": "00:00:34", "end": "00:00:37", "text": "but right now Bitcoin dominance is right"}, {"start": "00:00:37", "end": "00:00:42", "text": "below 60%. Okay. Now, I'm still of the"}, {"start": "00:00:42", "end": "00:00:45", "text": "opinion that dominance is going higher"}, {"start": "00:00:45", "end": "00:00:47", "text": "um in the short term, right? And a lot"}, {"start": "00:00:47", "end": "00:00:49", "text": "of people have asked like, well, why is"}, {"start": "00:00:49", "end": "00:00:50", "text": "it crashing and whatnot? But guys, when"}, {"start": "00:00:50", "end": "00:00:52", "text": "you when you zoom out, it it's been"}, {"start": "00:00:52", "end": "00:00:54", "text": "moving up for like eight weeks in a row,"}, {"start": "00:00:54", "end": "00:00:57", "text": "right? It's not moving up as as quickly"}, {"start": "00:00:57", "end": "00:01:00", "text": "as perhaps I would want,"}, {"start": "00:01:00", "end": "00:01:02", "text": "but it's a lot easier to know what way"}, {"start": "00:01:02", "end": "00:01:05", "text": "the wind is blowing than to know exactly"}, {"start": "00:01:05", "end": "00:01:06", "text": "how how fast that wind's actually going"}, {"start": "00:01:06", "end": "00:01:11", "text": "to blow. And again, I think dominance"}, {"start": "00:01:11", "end": "00:01:14", "text": "will likely continue to trend higher."}, {"start": "00:01:14", "end": "00:01:16", "text": "Now, one reason for that is that"}, {"start": "00:01:16", "end": "00:01:17", "text": "quantitative tightening, while it will"}, {"start": "00:01:17", "end": "00:01:20", "text": "end, it hasn't ended yet. And at least"}, {"start": "00:01:20", "end": "00:01:23", "text": "last cycle we know that Bitcoin"}, {"start": "00:01:23", "end": "00:01:26", "text": "dominance actually topped uh in the"}, {"start": "00:01:26", "end": "00:01:29", "text": "posth having year."}, {"start": "00:01:29", "end": "00:01:31", "text": "Um let me actually go back. It actually"}, {"start": "00:01:31", "end": "00:01:33", "text": "topped in the post having year. And"}, {"start": "00:01:33", "end": "00:01:35", "text": "while it was not the macro top for"}, {"start": "00:01:35", "end": "00:01:38", "text": "Bitcoin dominance for the cycle, it was"}, {"start": "00:01:38", "end": "00:01:40", "text": "a top for a while. Remember the actual"}, {"start": "00:01:40", "end": "00:01:42", "text": "top for Bitcoin dominance last cycle"}, {"start": "00:01:42", "end": "00:01:44", "text": "occurred during quantitative easing."}, {"start": "00:01:44", "end": "00:01:47", "text": "Okay? So that's an important thing to"}, {"start": "00:01:47", "end": "00:01:49", "text": "remember as well. But I I could see a"}, {"start": "00:01:49", "end": "00:01:52", "text": "scenario where Bitcoin dominance goes up"}, {"start": "00:01:52", "end": "00:01:54", "text": "a lot and then it ends up topping right"}, {"start": "00:01:54", "end": "00:01:56", "text": "around when quantitative tightening ends"}, {"start": "00:01:56", "end": "00:01:59", "text": "in early December. One of the reasons"}, {"start": "00:01:59", "end": "00:02:02", "text": "why early December makes a lot of sense"}, {"start": "00:02:02", "end": "00:02:04", "text": "is because a lot of the larger coins"}, {"start": "00:02:04", "end": "00:02:06", "text": "tend to bottom out against Bitcoin in"}, {"start": "00:02:06", "end": "00:02:08", "text": "early December. For instance, if you"}, {"start": "00:02:08", "end": "00:02:11", "text": "were to look at the ETH Bitcoin pair"}, {"start": "00:02:11", "end": "00:02:14", "text": "and we look at all the prior December,"}, {"start": "00:02:14", "end": "00:02:18", "text": "you know, this is December of 2016."}, {"start": "00:02:18", "end": "00:02:20", "text": "um December of 2017, right? Early"}, {"start": "00:02:20", "end": "00:02:24", "text": "December 2017, uh December 2018, right?"}, {"start": "00:02:24", "end": "00:02:26", "text": "That's early December 2018, and so on"}, {"start": "00:02:26", "end": "00:02:27", "text": "and so forth, right? You could even go"}, {"start": "00:02:27", "end": "00:02:30", "text": "look at December 2015. Um here's"}, {"start": "00:02:30", "end": "00:02:32", "text": "December 2019, right? Like the list goes"}, {"start": "00:02:32", "end": "00:02:35", "text": "on and on. December 2020. There are some"}, {"start": "00:02:35", "end": "00:02:38", "text": "exceptions. For instance, December 2021"}, {"start": "00:02:38", "end": "00:02:42", "text": "was a high for ETH Bitcoin, but I tend"}, {"start": "00:02:42", "end": "00:02:45", "text": "to think that ETH will continue to drop"}, {"start": "00:02:45", "end": "00:02:48", "text": "against Bitcoin into early December just"}, {"start": "00:02:48", "end": "00:02:51", "text": "like it normally does. And so because of"}, {"start": "00:02:51", "end": "00:02:54", "text": "that, it's going to likely allow Total 2"}, {"start": "00:02:54", "end": "00:02:57", "text": "minus USDT divided by Bitcoin to drop"}, {"start": "00:02:57", "end": "00:02:59", "text": "into early December and in some"}, {"start": "00:02:59", "end": "00:03:01", "text": "scenarios drop back down to the lows"}, {"start": "00:03:01", "end": "00:03:04", "text": "that it was at back in June. So thinking"}, {"start": "00:03:04", "end": "00:03:06", "text": "like it coming back down like like this"}, {"start": "00:03:06", "end": "00:03:08", "text": "into December and then bouncing off of"}, {"start": "00:03:08", "end": "00:03:10", "text": "that seems like a very likely outcome."}, {"start": "00:03:10", "end": "00:03:12", "text": "And if that's what happens, then to me"}, {"start": "00:03:12", "end": "00:03:14", "text": "it would suggest that Bitcoin dominance"}, {"start": "00:03:14", "end": "00:03:18", "text": "should continue um to go up, right? Like"}, {"start": "00:03:18", "end": "00:03:20", "text": "that's what would make the most amount"}, {"start": "00:03:20", "end": "00:03:25", "text": "of sense. Um furthermore, we know that"}, {"start": "00:03:25", "end": "00:03:27", "text": "the dollar continues to go up, right?"}, {"start": "00:03:27", "end": "00:03:30", "text": "Like that continues to to increase. And"}, {"start": "00:03:30", "end": "00:03:33", "text": "so with the dollar going up, that tends"}, {"start": "00:03:33", "end": "00:03:36", "text": "to usually mean that alts drop against"}, {"start": "00:03:36", "end": "00:03:38", "text": "Bitcoin over a longer period of time."}, {"start": "00:03:38", "end": "00:03:40", "text": "But you can see the dollar has been"}, {"start": "00:03:40", "end": "00:03:42", "text": "slowly trending back up. And and this"}, {"start": "00:03:42", "end": "00:03:44", "text": "was kind of what we talked about before"}, {"start": "00:03:44", "end": "00:03:46", "text": "was that it would likely form a low like"}, {"start": "00:03:46", "end": "00:03:48", "text": "it did back in 2017 2018 and then"}, {"start": "00:03:48", "end": "00:03:50", "text": "begrudgingly start going higher. And it"}, {"start": "00:03:50", "end": "00:03:52", "text": "seems like that's exactly what's"}, {"start": "00:03:52", "end": "00:03:53", "text": "happening. So it's another reason why"}, {"start": "00:03:53", "end": "00:03:54", "text": "all Bitcoin pairs should continue to"}, {"start": "00:03:54", "end": "00:03:56", "text": "bleed. Now, we also mentioned that while"}, {"start": "00:03:56", "end": "00:03:58", "text": "they will likely bleed, there's going to"}, {"start": "00:03:58", "end": "00:04:02", "text": "likely be a a brief um relief by all"}, {"start": "00:04:02", "end": "00:04:04", "text": "Bitcoin pairs in early to mid November."}, {"start": "00:04:04", "end": "00:04:06", "text": "Uh you can see last week was green. This"}, {"start": "00:04:06", "end": "00:04:09", "text": "week is currently green. Very similar"}, {"start": "00:04:09", "end": "00:04:12", "text": "things happened uh in in prior cycles as"}, {"start": "00:04:12", "end": "00:04:14", "text": "well. For instance, you can look at"}, {"start": "00:04:14", "end": "00:04:16", "text": "2020. There was a twoe November green"}, {"start": "00:04:16", "end": "00:04:18", "text": "period right there. Also in 2017, there"}, {"start": "00:04:18", "end": "00:04:21", "text": "was a couple of weeks where all Bitcoin"}, {"start": "00:04:21", "end": "00:04:22", "text": "pairs kind of went back up a little bit."}, {"start": "00:04:22", "end": "00:04:25", "text": "So, you're you're getting that that"}, {"start": "00:04:25", "end": "00:04:27", "text": "relief, but ultimately you're it'll"}, {"start": "00:04:27", "end": "00:04:30", "text": "probably drop back down uh by early"}, {"start": "00:04:30", "end": "00:04:32", "text": "December would be my guess. And and that"}, {"start": "00:04:32", "end": "00:04:34", "text": "should allow Bitcoin dominance to go"}, {"start": "00:04:34", "end": "00:04:36", "text": "higher. Now, I do think that while alt"}, {"start": "00:04:36", "end": "00:04:38", "text": "Bitcoin pairs could continue to drop, I"}, {"start": "00:04:38", "end": "00:04:40", "text": "think that ETH Bitcoin will put in a"}, {"start": "00:04:40", "end": "00:04:42", "text": "higher low. And so, that's why it's hard"}, {"start": "00:04:42", "end": "00:04:43", "text": "to know exactly how high Bitcoin"}, {"start": "00:04:43", "end": "00:04:46", "text": "dominance will go. Um because I do"}, {"start": "00:04:46", "end": "00:04:47", "text": "envision ETH putting in a higher low"}, {"start": "00:04:47", "end": "00:04:49", "text": "against Bitcoin even if all Bitcoin"}, {"start": "00:04:49", "end": "00:04:51", "text": "payers put in a lower low. And I know"}, {"start": "00:04:51", "end": "00:04:52", "text": "that sounded crazy back when I mentioned"}, {"start": "00:04:52", "end": "00:04:54", "text": "it back in June, but or back in April,"}, {"start": "00:04:54", "end": "00:04:57", "text": "but you can see that ETH put in a low"}, {"start": "00:04:57", "end": "00:04:59", "text": "and then a higher low and then a higher"}, {"start": "00:04:59", "end": "00:05:01", "text": "potentially a higher low. While ETH has"}, {"start": "00:05:01", "end": "00:05:03", "text": "been putting in higher lows on its"}, {"start": "00:05:03", "end": "00:05:05", "text": "Bitcoin pair, alt Bitcoin pairs have"}, {"start": "00:05:05", "end": "00:05:07", "text": "putting in lower lows, right? So you"}, {"start": "00:05:07", "end": "00:05:12", "text": "have um this is April and then June and"}, {"start": "00:05:12", "end": "00:05:14", "text": "then again in October, right? So alts"}, {"start": "00:05:14", "end": "00:05:16", "text": "continue to drop against Bitcoin despite"}, {"start": "00:05:16", "end": "00:05:17", "text": "the fact that ETH Bitcoin was putting in"}, {"start": "00:05:17", "end": "00:05:20", "text": "higher lows during that time. So, I"}, {"start": "00:05:20", "end": "00:05:22", "text": "think that liquidity will run back over"}, {"start": "00:05:22", "end": "00:05:24", "text": "to Bitcoin. Obviously, if Bitcoin's"}, {"start": "00:05:24", "end": "00:05:26", "text": "dropping, that's not as much fun. But"}, {"start": "00:05:26", "end": "00:05:28", "text": "remember guys, in 2019, which again,"}, {"start": "00:05:28", "end": "00:05:30", "text": "there's a lot of similarities between,"}, {"start": "00:05:30", "end": "00:05:31", "text": "especially through the lens of"}, {"start": "00:05:31", "end": "00:05:32", "text": "quantitative tightening and and and"}, {"start": "00:05:32", "end": "00:05:35", "text": "interest rates. Bitcoin was able to just"}, {"start": "00:05:35", "end": "00:05:38", "text": "kind of stay above 10K for a while. And"}, {"start": "00:05:38", "end": "00:05:39", "text": "you could argue it's doing the same"}, {"start": "00:05:39", "end": "00:05:42", "text": "thing today, staying above 100K. And"}, {"start": "00:05:42", "end": "00:05:44", "text": "during that time, Bitcoin continued to"}, {"start": "00:05:44", "end": "00:05:46", "text": "take liquidity from the altcoin market."}, {"start": "00:05:46", "end": "00:05:47", "text": "And that's what I think is happening"}, {"start": "00:05:47", "end": "00:05:50", "text": "right now. So, I think Bitcoin is a"}, {"start": "00:05:50", "end": "00:05:52", "text": "better hold than altcoins right now"}, {"start": "00:05:52", "end": "00:05:54", "text": "because if the bull market continues,"}, {"start": "00:05:54", "end": "00:05:56", "text": "Bitcoin should lead it. And every other"}, {"start": "00:05:56", "end": "00:05:59", "text": "time that we've seen Bitcoin go to a new"}, {"start": "00:05:59", "end": "00:06:02", "text": "all-time high,"}, {"start": "00:06:02", "end": "00:06:04", "text": "you can see that every single time as it"}, {"start": "00:06:04", "end": "00:06:06", "text": "as it sort of finds a low and goes to"}, {"start": "00:06:06", "end": "00:06:08", "text": "new alltime high, Bitcoin dominance"}, {"start": "00:06:08", "end": "00:06:10", "text": "surges up until Bitcoin breaks that"}, {"start": "00:06:10", "end": "00:06:12", "text": "high. You can see here's another"}, {"start": "00:06:12", "end": "00:06:14", "text": "example, right, where Bitcoin dominance"}, {"start": "00:06:14", "end": "00:06:17", "text": "surged as Bitcoin went to a new all-time"}, {"start": "00:06:17", "end": "00:06:19", "text": "high. And and you could argue that we"}, {"start": "00:06:19", "end": "00:06:21", "text": "just keep repeating that cycle. So, if"}, {"start": "00:06:21", "end": "00:06:23", "text": "Bitcoin were to go to a new all-time"}, {"start": "00:06:23", "end": "00:06:26", "text": "high, Bitcoin dominant should surge in"}, {"start": "00:06:26", "end": "00:06:29", "text": "route to that all-time high. And if we"}, {"start": "00:06:29", "end": "00:06:31", "text": "don't go to an all-time high, and we've"}, {"start": "00:06:31", "end": "00:06:33", "text": "already put in our high, Bitcoin will"}, {"start": "00:06:33", "end": "00:06:36", "text": "still likely try to stay around 100K for"}, {"start": "00:06:36", "end": "00:06:38", "text": "a while longer. And and during that"}, {"start": "00:06:38", "end": "00:06:40", "text": "process, you would see altcoins become"}, {"start": "00:06:40", "end": "00:06:42", "text": "more devalued against Bitcoin and then"}, {"start": "00:06:42", "end": "00:06:43", "text": "there the sort of the writing would be"}, {"start": "00:06:43", "end": "00:06:46", "text": "on the wall. Remember back in 2019 when"}, {"start": "00:06:46", "end": "00:06:49", "text": "Bitcoin got a larger drop, it was after"}, {"start": "00:06:49", "end": "00:06:52", "text": "QT had ended and it was after all"}, {"start": "00:06:52", "end": "00:06:55", "text": "Bitcoin pairs were hanging out at around"}, {"start": "00:06:55", "end": "00:06:56", "text": "0.25, right? So if you look at like"}, {"start": "00:06:56", "end": "00:06:59", "text": "total 3 minus USDT divided by Bitcoin,"}, {"start": "00:06:59", "end": "00:07:01", "text": "it was after all Bitcoin pairs had sort"}, {"start": "00:07:01", "end": "00:07:05", "text": "of fallen. And so you could argue that"}, {"start": "00:07:05", "end": "00:07:07", "text": "this is the initial drop by all Bitcoin"}, {"start": "00:07:07", "end": "00:07:08", "text": "pairs. is now we're in this like little"}, {"start": "00:07:08", "end": "00:07:10", "text": "relief right here. But ultimately I"}, {"start": "00:07:10", "end": "00:07:12", "text": "think they're going to come back down."}, {"start": "00:07:12", "end": "00:07:14", "text": "Um so watch for that and if that happens"}, {"start": "00:07:14", "end": "00:07:17", "text": "then we should see Bitcoin dominance go"}, {"start": "00:07:17", "end": "00:07:19", "text": "a lot higher right even though right now"}, {"start": "00:07:19", "end": "00:07:21", "text": "I know it's back below 60% but we should"}, {"start": "00:07:21", "end": "00:07:24", "text": "see it go higher. You can see it it's"}, {"start": "00:07:24", "end": "00:07:26", "text": "trying to break through the you know the"}, {"start": "00:07:26", "end": "00:07:28", "text": "bull market support band and I guess"}, {"start": "00:07:28", "end": "00:07:30", "text": "Bitcoin dominance closed last week at"}, {"start": "00:07:30", "end": "00:07:32", "text": "59.9%."}, {"start": "00:07:32", "end": "00:07:34", "text": "So it's getting closer and closer. A lot"}, {"start": "00:07:34", "end": "00:07:35", "text": "of people think it's going to get"}, {"start": "00:07:35", "end": "00:07:37", "text": "rejected here, but I tend to be in the"}, {"start": "00:07:37", "end": "00:07:39", "text": "other camp, right? I think it's actually"}, {"start": "00:07:39", "end": "00:07:42", "text": "going to break through um would be my my"}, {"start": "00:07:42", "end": "00:07:44", "text": "base case. So, I do think Bitcoin"}, {"start": "00:07:44", "end": "00:07:47", "text": "dominance is going to go higher um in in"}, {"start": "00:07:47", "end": "00:07:50", "text": "the coming weeks, even if it is taking a"}, {"start": "00:07:50", "end": "00:07:52", "text": "a brief break. But you could even argue"}, {"start": "00:07:52", "end": "00:07:53", "text": "it hasn't even really taken a break. It"}, {"start": "00:07:53", "end": "00:07:56", "text": "just it might feel like one, but again,"}, {"start": "00:07:56", "end": "00:07:58", "text": "it's been moving up almost every"}, {"start": "00:07:58", "end": "00:08:00", "text": "basically every single week since it"}, {"start": "00:08:00", "end": "00:08:01", "text": "found that low in September. And if you"}, {"start": "00:08:01", "end": "00:08:03", "text": "guys remember, we suggested that"}, {"start": "00:08:03", "end": "00:08:04", "text": "dominance would likely find a low in"}, {"start": "00:08:04", "end": "00:08:06", "text": "September because that's normally when"}, {"start": "00:08:06", "end": "00:08:08", "text": "it finds a low. It finds a low in"}, {"start": "00:08:08", "end": "00:08:11", "text": "September and then it surges up into a"}, {"start": "00:08:11", "end": "00:08:13", "text": "lot of times it'll surge into uh"}, {"start": "00:08:13", "end": "00:08:15", "text": "December."}, {"start": "00:08:15", "end": "00:08:18", "text": "Even in 2017, um you know, dominance had"}, {"start": "00:08:18", "end": "00:08:20", "text": "that surge right there into December. In"}, {"start": "00:08:20", "end": "00:08:23", "text": "2019, a surge in December or sorry, in"}, {"start": "00:08:23", "end": "00:08:25", "text": "September, but that was going into the"}, {"start": "00:08:25", "end": "00:08:27", "text": "end of quantitative tightening. And then"}, {"start": "00:08:27", "end": "00:08:30", "text": "in 2020, a surge into December. So there"}, {"start": "00:08:30", "end": "00:08:32", "text": "just seems to be like so many different"}, {"start": "00:08:32", "end": "00:08:34", "text": "prior scenarios where dominance surges"}, {"start": "00:08:34", "end": "00:08:36", "text": "into December. And so that's going to be"}, {"start": "00:08:36", "end": "00:08:38", "text": "my base case, right? Liquidity should"}, {"start": "00:08:38", "end": "00:08:40", "text": "flow to the king. Hopefully that's why"}, {"start": "00:08:40", "end": "00:08:41", "text": "Bitcoin's moving up. But if it's not and"}, {"start": "00:08:41", "end": "00:08:43", "text": "Bitcoin's just trying to trade trade"}, {"start": "00:08:43", "end": "00:08:44", "text": "sideways, Bitcoin is still a much better"}, {"start": "00:08:44", "end": "00:08:46", "text": "play than the altcoin market in my"}, {"start": "00:08:46", "end": "00:08:48", "text": "opinion. If you guys like the content,"}, {"start": "00:08:48", "end": "00:08:49", "text": "make sure you subscribe to the channel,"}, {"start": "00:08:49", "end": "00:08:50", "text": "give the video a thumbs up, and check"}, {"start": "00:08:50", "end": "00:08:52", "text": "out the sale on into the cryptoverse"}, {"start": "00:08:52", "end": "00:08:55", "text": "premium at into the cryptoverse.com."}, {"start": "00:08:55", "end": "00:08:58", "text": "I'll see you guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:05", "text": "into the cryptoverse. Today we're going"}, {"start": "00:00:05", "end": "00:00:07", "text": "to talk about Bitcoin and we're going to"}, {"start": "00:00:07", "end": "00:00:09", "text": "be discussing how many times the price"}, {"start": "00:00:09", "end": "00:00:12", "text": "of Bitcoin has crossed various price"}, {"start": "00:00:12", "end": "00:00:14", "text": "milestones. If you guys like the"}, {"start": "00:00:14", "end": "00:00:15", "text": "content, make sure you subscribe to the"}, {"start": "00:00:15", "end": "00:00:17", "text": "channel, give the video a thumbs up, and"}, {"start": "00:00:17", "end": "00:00:18", "text": "check out the sale on Into the"}, {"start": "00:00:18", "end": "00:00:20", "text": "Cryptoverse Premium at into the"}, {"start": "00:00:20", "end": "00:00:22", "text": "cryptoverse.com."}, {"start": "00:00:22", "end": "00:00:25", "text": "Let's start off with just how many times"}, {"start": "00:00:25", "end": "00:00:28", "text": "has Bitcoin crossed a dollar? you have"}, {"start": "00:00:28", "end": "00:00:31", "text": "to go back pretty far in Bitcoin's price"}, {"start": "00:00:31", "end": "00:00:32", "text": "history. Oh, look at that. Bitcoin"}, {"start": "00:00:32", "end": "00:00:35", "text": "dominance. Hopefully, it gets above 60%"}, {"start": "00:00:35", "end": "00:00:36", "text": "soon. I'm recording this video on"}, {"start": "00:00:36", "end": "00:00:39", "text": "November 10th. Um, we'll see if we'll"}, {"start": "00:00:39", "end": "00:00:41", "text": "see if it it can move higher by the time"}, {"start": "00:00:41", "end": "00:00:42", "text": "I release it. But, you know, going back"}, {"start": "00:00:42", "end": "00:00:44", "text": "to when Bitcoin was a dollar, it was a"}, {"start": "00:00:44", "end": "00:00:46", "text": "long time ago. But, you can see that it,"}, {"start": "00:00:46", "end": "00:00:48", "text": "you know, it it passed that level a few"}, {"start": "00:00:48", "end": "00:00:49", "text": "times before ultimately it left it"}, {"start": "00:00:49", "end": "00:00:51", "text": "behind. It happened four times. How many"}, {"start": "00:00:51", "end": "00:00:53", "text": "times did it cross $10? Four times. Now,"}, {"start": "00:00:53", "end": "00:00:54", "text": "you might say, \"Well, of course it was"}, {"start": "00:00:54", "end": "00:00:56", "text": "more than that.\" These are based on"}, {"start": "00:00:56", "end": "00:00:58", "text": "closes like daily closes not like"}, {"start": "00:00:58", "end": "00:01:01", "text": "intraday moves. So if you include you"}, {"start": "00:01:01", "end": "00:01:02", "text": "know how many times did it really just"}, {"start": "00:01:02", "end": "00:01:03", "text": "move above it and below it was a lot"}, {"start": "00:01:03", "end": "00:01:07", "text": "more but on daily closes um you know"}, {"start": "00:01:07", "end": "00:01:09", "text": "four times than four times for a dollar"}, {"start": "00:01:09", "end": "00:01:11", "text": "and $10. And then for $100 it took seven"}, {"start": "00:01:11", "end": "00:01:14", "text": "times to kind of move past that"}, {"start": "00:01:14", "end": "00:01:17", "text": "milestone. $1,000 it took eight times"}, {"start": "00:01:17", "end": "00:01:20", "text": "and then $10,000 it took 14 times. So,"}, {"start": "00:01:20", "end": "00:01:22", "text": "what it shows you is that as the price"}, {"start": "00:01:22", "end": "00:01:25", "text": "milestones get higher and higher, it t"}, {"start": "00:01:25", "end": "00:01:26", "text": "Bitcoin tends to spend a little bit more"}, {"start": "00:01:26", "end": "00:01:28", "text": "time around those price milestones. So,"}, {"start": "00:01:28", "end": "00:01:31", "text": "so far, Bitcoin has crossed $100,000"}, {"start": "00:01:31", "end": "00:01:33", "text": "seven times. Now, I'm just putting out"}, {"start": "00:01:33", "end": "00:01:34", "text": "this video because I just want people to"}, {"start": "00:01:34", "end": "00:01:36", "text": "be mentally prepared. We're probably"}, {"start": "00:01:36", "end": "00:01:39", "text": "going to cross $100,000"}, {"start": "00:01:39", "end": "00:01:40", "text": "at least seven or eight more times in"}, {"start": "00:01:40", "end": "00:01:42", "text": "the future, more than likely. It would"}, {"start": "00:01:42", "end": "00:01:44", "text": "be my guess. Over long enough period of"}, {"start": "00:01:44", "end": "00:01:46", "text": "time, that seems to be like the most"}, {"start": "00:01:46", "end": "00:01:49", "text": "likely outcome. Um, so like when it when"}, {"start": "00:01:49", "end": "00:01:51", "text": "it feels very bearish and and Bitcoin's"}, {"start": "00:01:51", "end": "00:01:52", "text": "going down, just know that like it's"}, {"start": "00:01:52", "end": "00:01:54", "text": "probably going to keep happening. And if"}, {"start": "00:01:54", "end": "00:01:55", "text": "and even if we do get another rally this"}, {"start": "00:01:55", "end": "00:01:56", "text": "cycle, it's still probably going to"}, {"start": "00:01:56", "end": "00:01:58", "text": "happen in the next bare market where we"}, {"start": "00:01:58", "end": "00:02:00", "text": "go below 100K. Just know that it's"}, {"start": "00:02:00", "end": "00:02:01", "text": "normal, right? Like this is what we've"}, {"start": "00:02:01", "end": "00:02:04", "text": "seen. And you know, if you if you just"}, {"start": "00:02:04", "end": "00:02:05", "text": "kind of like look at all the different"}, {"start": "00:02:05", "end": "00:02:09", "text": "price milestones here, you have a"}, {"start": "00:02:09", "end": "00:02:11", "text": "dollar, right? Right? And then you have"}, {"start": "00:02:11", "end": "00:02:15", "text": "um $10 and then you have"}, {"start": "00:02:15", "end": "00:02:17", "text": "$100 and so on and so forth, right? Like"}, {"start": "00:02:17", "end": "00:02:20", "text": "Bitcoin continues to to take out these"}, {"start": "00:02:20", "end": "00:02:22", "text": "milestones, but it takes longer and"}, {"start": "00:02:22", "end": "00:02:25", "text": "longer um you know for it to sort of for"}, {"start": "00:02:25", "end": "00:02:27", "text": "it to reach those different milestones,"}, {"start": "00:02:27", "end": "00:02:28", "text": "right? And so now of course you have"}, {"start": "00:02:28", "end": "00:02:31", "text": "also 100K, but you can see the different"}, {"start": "00:02:31", "end": "00:02:34", "text": "levels that Bitcoin has hit and when and"}, {"start": "00:02:34", "end": "00:02:36", "text": "when it hit them right there. Obviously"}, {"start": "00:02:36", "end": "00:02:37", "text": "earlier on it was able to get through"}, {"start": "00:02:37", "end": "00:02:39", "text": "these milestones quicker and then as"}, {"start": "00:02:39", "end": "00:02:41", "text": "time goes on it's taking a little bit"}, {"start": "00:02:41", "end": "00:02:43", "text": "longer but that's in line with the idea"}, {"start": "00:02:43", "end": "00:02:46", "text": "of diminishing returns. So my guess is"}, {"start": "00:02:46", "end": "00:02:48", "text": "we'll continue to cross 100k a few times"}, {"start": "00:02:48", "end": "00:02:50", "text": "over the next couple you know two to"}, {"start": "00:02:50", "end": "00:02:51", "text": "three years or so. If you look at this"}, {"start": "00:02:51", "end": "00:02:55", "text": "exponentially um and I mean I guess it"}, {"start": "00:02:55", "end": "00:02:58", "text": "it um maybe we can we can change this to"}, {"start": "00:02:58", "end": "00:03:03", "text": "a see if that'll affect things. I guess"}, {"start": "00:03:03", "end": "00:03:06", "text": "it doesn't really I mean I I I think the"}, {"start": "00:03:06", "end": "00:03:07", "text": "one of the things we could do is you go"}, {"start": "00:03:07", "end": "00:03:10", "text": "back to um sort of the incremental"}, {"start": "00:03:10", "end": "00:03:12", "text": "values and if you look at it like this"}, {"start": "00:03:12", "end": "00:03:16", "text": "it it shows you not just like every 10x"}, {"start": "00:03:16", "end": "00:03:18", "text": "move but several different values along"}, {"start": "00:03:18", "end": "00:03:21", "text": "the way like this goes from 0 to 150k"}, {"start": "00:03:21", "end": "00:03:23", "text": "and it shows you every $1,000. And"}, {"start": "00:03:23", "end": "00:03:25", "text": "what's interesting is that you know"}, {"start": "00:03:25", "end": "00:03:27", "text": "these recent these higher prices we"}, {"start": "00:03:27", "end": "00:03:29", "text": "haven't crossed them nearly as much as"}, {"start": "00:03:29", "end": "00:03:31", "text": "some of the lower prices back over here."}, {"start": "00:03:31", "end": "00:03:33", "text": "So, what it suggests is that we'll spend"}, {"start": "00:03:33", "end": "00:03:36", "text": "some more time in this range over the"}, {"start": "00:03:36", "end": "00:03:38", "text": "next couple of years sort of increasing"}, {"start": "00:03:38", "end": "00:03:40", "text": "it, increasing the number of times we've"}, {"start": "00:03:40", "end": "00:03:42", "text": "crossed that price milestone because a"}, {"start": "00:03:42", "end": "00:03:43", "text": "lot of this stuff is just like people"}, {"start": "00:03:43", "end": "00:03:45", "text": "getting used to certain prices and"}, {"start": "00:03:45", "end": "00:03:47", "text": "accepting it. Um, you know, it takes a"}, {"start": "00:03:47", "end": "00:03:49", "text": "while for people to accept that like"}, {"start": "00:03:49", "end": "00:03:51", "text": "Bitcoin was $1,000 and it takes a while"}, {"start": "00:03:51", "end": "00:03:53", "text": "for them to accept that it was 10,000"}, {"start": "00:03:53", "end": "00:03:54", "text": "and it took a while for them to accept"}, {"start": "00:03:54", "end": "00:03:56", "text": "it was 100,000. Right? It it it's a"}, {"start": "00:03:56", "end": "00:03:59", "text": "natural progression of Bitcoin as we go"}, {"start": "00:03:59", "end": "00:04:01", "text": "through the cycle. So, I thought this"}, {"start": "00:04:01", "end": "00:04:02", "text": "was a pretty cool way to look at the"}, {"start": "00:04:02", "end": "00:04:04", "text": "market. I did videos on this back in"}, {"start": "00:04:04", "end": "00:04:06", "text": "like 2019, 2020. Back then, we were"}, {"start": "00:04:06", "end": "00:04:08", "text": "talking about it at 10K and obviously"}, {"start": "00:04:08", "end": "00:04:10", "text": "now it's at 100K."}, {"start": "00:04:10", "end": "00:04:13", "text": "Maybe in in in many many years from now"}, {"start": "00:04:13", "end": "00:04:15", "text": "it'll be at a million. I'll be talking"}, {"start": "00:04:15", "end": "00:04:17", "text": "about that. But in the short term, we're"}, {"start": "00:04:17", "end": "00:04:19", "text": "just looking at at this um you know,"}, {"start": "00:04:19", "end": "00:04:21", "text": "sort of these this these 10x moves and"}, {"start": "00:04:21", "end": "00:04:22", "text": "just kind of seeing how it takes a"}, {"start": "00:04:22", "end": "00:04:25", "text": "little bit longer each time to spend at"}, {"start": "00:04:25", "end": "00:04:26", "text": "each of these price milestones before we"}, {"start": "00:04:26", "end": "00:04:28", "text": "surpass it and and decide not to look"}, {"start": "00:04:28", "end": "00:04:29", "text": "back. We'll go ahead and wrap it up"}, {"start": "00:04:29", "end": "00:04:30", "text": "there. Thank you guys for tuning in."}, {"start": "00:04:30", "end": "00:04:31", "text": "Make sure you subscribe, give the video"}, {"start": "00:04:31", "end": "00:04:33", "text": "a thumbs up, and again, check out the"}, {"start": "00:04:33", "end": "00:04:34", "text": "sale on Into the Cryptoverse Premium at"}, {"start": "00:04:34", "end": "00:04:36", "text": "into the cryptoverse.com. I'll see you"}, {"start": "00:04:36", "end": "00:04:39", "text": "guys next time."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody. Welcome back to the channel. Welcome"}, {"start": "00:00:08", "end": "00:00:14", "text": "back for another video. Hope you're all doing well. Hope"}, {"start": "00:00:14", "end": "00:00:20", "text": "everyone out there is doing absolutely fantastic and that you're all having a"}, {"start": "00:00:20", "end": "00:00:27", "text": "great day. If I sound slower than usual, I just woke up. Terrible"}, {"start": "00:00:27", "end": "00:00:34", "text": "night's sleep. I don't know why. I don't know if it's just like a I don't I I don't I don't really know. Maybe other people are also going through the same"}, {"start": "00:00:34", "end": "00:00:41", "text": "thing. I've been sleeping terribly for the last like two weeks. I mean, there is a lot going on and"}, {"start": "00:00:41", "end": "00:00:47", "text": "I I I don't know. Uh don't forget to leave a like on the video. It's a free"}, {"start": "00:00:47", "end": "00:00:55", "text": "and easy way to support the channel. Very big thank you to everyone who leaves a comment on the videos as well."}, {"start": "00:00:55", "end": "00:01:01", "text": "it does help out with the algorithm. Uh without any further ado, let's jump"}, {"start": "00:01:01", "end": "00:01:07", "text": "right into it. Always always never not a"}, {"start": "00:01:07", "end": "00:01:13", "text": "lot going on. Uh I think even globally now financially"}, {"start": "00:01:13", "end": "00:01:18", "text": "there just so much discussion about where things are going. You must have"}, {"start": "00:01:18", "end": "00:01:23", "text": "seen it at some point in the news being discussed."}, {"start": "00:01:23", "end": "00:01:30", "text": "uh the ideas of debt levels, national debt levels. Uh there's been so much"}, {"start": "00:01:30", "end": "00:01:37", "text": "news recently about a lot of Asia and their debt levels. There was something"}, {"start": "00:01:37", "end": "00:01:44", "text": "more prominently in the news around two to three weeks ago about France and their deficits and their debt levels."}, {"start": "00:01:44", "end": "00:01:50", "text": "Germany recently, this was like summertime if you missed it, Germany"}, {"start": "00:01:50", "end": "00:01:55", "text": "announced that they're going to be printing a trillion"}, {"start": "00:01:55", "end": "00:02:02", "text": "a trillion euros for A, B, and C. Same exact thing is happening in the US."}, {"start": "00:02:02", "end": "00:02:07", "text": "We're getting a lot of DD dollarization news still. That's always popping up and"}, {"start": "00:02:07", "end": "00:02:15", "text": "has been for the entirety of this year. We've also shockingly or unshockingly"}, {"start": "00:02:15", "end": "00:02:23", "text": "seen gold prices rising rather quickly, Bitcoin rising with expectations of"}, {"start": "00:02:23", "end": "00:02:29", "text": "prices going higher as the national debt continues to be out of control. More"}, {"start": "00:02:29", "end": "00:02:37", "text": "companies we keep the news we've been getting for the course of this year has largely been we're a company who's"}, {"start": "00:02:37", "end": "00:02:43", "text": "getting into Bitcoin. We're getting into crypto. Why? Because we don't like fiat. We don't like the debasement. We don't"}, {"start": "00:02:43", "end": "00:02:51", "text": "like the debt levels. We don't like the That's been one of the major cycling themes and ideas over the course of this"}, {"start": "00:02:51", "end": "00:02:58", "text": "year as well. So, it makes total sense why this would have become That's a"}, {"start": "00:02:58", "end": "00:03:05", "text": "weird photo. It's a gigantic Bitcoin the size of buildings taller than buildings."}, {"start": "00:03:05", "end": "00:03:11", "text": "having a dollar sign shake its finger."}, {"start": "00:03:11", "end": "00:03:18", "text": "I think I get it, but it's also that's maybe I just maybe I need more sleep and it's just seeming creepier than it"}, {"start": "00:03:18", "end": "00:03:24", "text": "actually is. It says, and I say this lightly because the the fact that this"}, {"start": "00:03:24", "end": "00:03:30", "text": "uh narrative has also shifted or we're supposed to believe that it has, I don't"}, {"start": "00:03:30", "end": "00:03:37", "text": "know. It says investors are turning to safe haven assets such as Bitcoin and"}, {"start": "00:03:37", "end": "00:03:43", "text": "gold. Yeah, I don't I don't know what part of the internet you're all on. uh"}, {"start": "00:03:43", "end": "00:03:52", "text": "but some time this year we started hearing a lot from uh analysts and CEOs and other"}, {"start": "00:03:52", "end": "00:04:00", "text": "companies and what have you and Bitcoin maximalists like referring to Bitcoin as a as a safe haven asset. And it's not"}, {"start": "00:04:00", "end": "00:04:05", "text": "that Bitcoin isn't, it's just more of a Bitcoin is still incredibly volatile"}, {"start": "00:04:05", "end": "00:04:11", "text": "compared to other assets. So we've heard a lot as"}, {"start": "00:04:11", "end": "00:04:19", "text": "well. I mean, you you've been here where we've been hearing that because Bitcoin has less volatility than before in the"}, {"start": "00:04:19", "end": "00:04:26", "text": "past, it's gearing itself up to become the world reserve stable gold digital"}, {"start": "00:04:26", "end": "00:04:31", "text": "money currency thing. And it's just it's not that Bitcoin isn't a safe haven."}, {"start": "00:04:31", "end": "00:04:37", "text": "It's just more of a uh you typically have to have some kind of a a leveled"}, {"start": "00:04:37", "end": "00:04:44", "text": "price, what have you, you know? I was that uh such as Bitcoin and gold as the"}, {"start": "00:04:44", "end": "00:04:49", "text": "US national debt is nearing a recordbreaking"}, {"start": "00:04:49", "end": "00:04:54", "text": "38 trillion US."}, {"start": "00:04:54", "end": "00:05:04", "text": "America's national debt is currently $37.9 trillion. Wow. Is rising by $69,000"}, {"start": "00:05:04", "end": "00:05:12", "text": "per second or nearly $4.2 2 million per minute. This is according to US Congress"}, {"start": "00:05:12", "end": "00:05:18", "text": "joint economic committees debt dashboard. You must have seen it. There's like this uh I think it's in New"}, {"start": "00:05:18", "end": "00:05:26", "text": "York. There's like a big thing like a big number board and it basically shows like the national debt and it shows like"}, {"start": "00:05:26", "end": "00:05:33", "text": "each person in the United States. It shows like what their share is. So like how much each person would have to pay"}, {"start": "00:05:33", "end": "00:05:39", "text": "to be able to wipe out the actual national debt. And it gets insane. That"}, {"start": "00:05:39", "end": "00:05:44", "text": "equates to a staggering six billion dollar per"}, {"start": "00:05:44", "end": "00:05:50", "text": "day. The national debt goes up by $6 billion"}, {"start": "00:05:50", "end": "00:05:56", "text": "dollar every 24 hours. It makes you wonder like maybe just stop taking out"}, {"start": "00:05:56", "end": "00:06:02", "text": "debt. There's a there's a video I saw on Instagram and this guy was like, \"Hey"}, {"start": "00:06:02", "end": "00:06:07", "text": "guys, do you know that the world is like 70 trillion dollars in debt?\" And he was"}, {"start": "00:06:07", "end": "00:06:13", "text": "like, \"To who? Who is like is is there some other like alien confederacy that"}, {"start": "00:06:13", "end": "00:06:18", "text": "we just don't know about who we're in debt to?\" He's like, \"Wouldn't it just make sense to stop printing so much"}, {"start": "00:06:18", "end": "00:06:25", "text": "money and stop being in debt to everyone if everyone came together and was like, \"Hey, we're all in the mud here. Let's"}, {"start": "00:06:25", "end": "00:06:32", "text": "make that number zero.\" And let's cool it with the debt. Like let's m let's maybe do like a couple million per year."}, {"start": "00:06:32", "end": "00:06:43", "text": "Nope. Six billion dollar per day. Larger than the GDP of over 30 countries."}, {"start": "00:06:43", "end": "00:06:49", "text": "Every It's terrible. That's absolutely horrendously horrible. This is according"}, {"start": "00:06:49", "end": "00:06:54", "text": "to data from a uh company called World Ometer."}, {"start": "00:06:54", "end": "00:07:02", "text": "Oh, okay. Sure. This is the And then they have a little chart with a bunch of numbers. $6 billion every single day."}, {"start": "00:07:02", "end": "00:07:09", "text": "Wow. US Representative Keith Self said on Friday that the debt tally is set to"}, {"start": "00:07:09", "end": "00:07:17", "text": "surpass $ 38 trillion in weeks and possibly even $50 trillion within a"}, {"start": "00:07:17", "end": "00:07:23", "text": "decade. uh we actually current economic prospects and numbers are probably"}, {"start": "00:07:23", "end": "00:07:31", "text": "putting $50 trillion within the next two to three years. That was news that we got earlier this year as the amount of"}, {"start": "00:07:31", "end": "00:07:38", "text": "spending that the US is doing is unprecedented. Uh and this will only be"}, {"start": "00:07:38", "end": "00:07:44", "text": "heavily exacerbated as we um see"}, {"start": "00:07:44", "end": "00:07:49", "text": "interest rates potentially falling further. The news that we have"}, {"start": "00:07:49", "end": "00:07:55", "text": "garnered over the last few months is that basically once uh what's his face?"}, {"start": "00:07:55", "end": "00:08:00", "text": "The current head of the Fed is is is is disappeared"}, {"start": "00:08:00", "end": "00:08:06", "text": "uh we are going to potentially see the interest rates drop from six or 7% back"}, {"start": "00:08:06", "end": "00:08:11", "text": "down to one in one fell swoop. So that is going to"}, {"start": "00:08:11", "end": "00:08:18", "text": "be Uhhuh. Uh, US Representative Keith Self has urged immediate action to be"}, {"start": "00:08:18", "end": "00:08:23", "text": "taken. And I'll say this in a nice way. Everyone does. I think a lot of times"}, {"start": "00:08:23", "end": "00:08:29", "text": "these people, they know that nothing's going to be done because nothing has ever been done. I don't know how many of"}, {"start": "00:08:29", "end": "00:08:37", "text": "you have followed US money news over the last 20 or so odd years. Ever since I"}, {"start": "00:08:37", "end": "00:08:43", "text": "became old enough to like look at news and understand stuff, every"}, {"start": "00:08:43", "end": "00:08:49", "text": "single politician has always said, \"We need to get this under control. Something's not right.\" And then they"}, {"start": "00:08:49", "end": "00:08:55", "text": "kind of just disappear into the background. They want the sound bite of them. Everyone knows this is deplorable."}, {"start": "00:08:55", "end": "00:09:00", "text": "Like we shouldn't have this much debt. No one, no country, no planet should"}, {"start": "00:09:00", "end": "00:09:06", "text": "have this much debt at all. We all know. But there's nothing that will actually"}, {"start": "00:09:06", "end": "00:09:13", "text": "be done. So a lot of times these people just do want sound bites to say no no no four years ago I was talking about it. I"}, {"start": "00:09:13", "end": "00:09:18", "text": "remember once again years ago and I remember the idea of like even"}, {"start": "00:09:18", "end": "00:09:25", "text": "like a government shutdown was like you can't shut down the government and then like there's just no real how do I say"}, {"start": "00:09:25", "end": "00:09:30", "text": "this in a very nice way? The system runs on debt and needs debt"}, {"start": "00:09:30", "end": "00:09:39", "text": "to continue. If you don't have debt because the if if you talk about the US dollar has lost 99% of its value to"}, {"start": "00:09:39", "end": "00:09:44", "text": "Bitcoin in a decade. Think about like freaking stop for one second and think"}, {"start": "00:09:44", "end": "00:09:50", "text": "about it. The world reserve currency lost 99% of"}, {"start": "00:09:50", "end": "00:09:57", "text": "its value to a currency that's been out for 15 and a half years. And and I think I think it"}, {"start": "00:09:57", "end": "00:10:04", "text": "took a decade. If that's how the US dollar is fairing against Bitcoin, buddy boy, that means"}, {"start": "00:10:04", "end": "00:10:10", "text": "it's a terrible currency. The only way that you continue to keep things going is by actually the way that the system"}, {"start": "00:10:10", "end": "00:10:17", "text": "works, for those of you who don't know or need a little reminder, is by creating debt. You need debt to be able"}, {"start": "00:10:17", "end": "00:10:22", "text": "to say that you uh purchased new things, you invested in this, you put money into"}, {"start": "00:10:22", "end": "00:10:29", "text": "that, and it shows your GDP going higher. That's this is literally how it works. You create tons of debt and you"}, {"start": "00:10:29", "end": "00:10:35", "text": "say, \"Look, we made so many more buildings. We did so many more things. Look at our infrastructure. We made new"}, {"start": "00:10:35", "end": "00:10:42", "text": "trains. We made new this. We launched new satellites. Our country is stronger than ever.\" But growth doesn't go"}, {"start": "00:10:42", "end": "00:10:47", "text": "forever. There's that nothing can expand infinitely in all directions. And it's"}, {"start": "00:10:47", "end": "00:10:52", "text": "the same exact thing with fiat currencies. So if we know this common"}, {"start": "00:10:52", "end": "00:10:58", "text": "knowledge, the people behind the scenes also know the same exact thing. So there's always this thing every couple"}, {"start": "00:10:58", "end": "00:11:03", "text": "of years where people come forward. You remember when I started this channel, this isn't the first time we've had this"}, {"start": "00:11:03", "end": "00:11:10", "text": "news. This goes on every sing I mean the number was much lower before, but it will continue into the future. So I do"}, {"start": "00:11:10", "end": "00:11:15", "text": "think this is a is is more like a song and dance because"}, {"start": "00:11:15", "end": "00:11:22", "text": "nothing will like what what will come of this? What urgent action needs to be taken? Do you want the US and other"}, {"start": "00:11:22", "end": "00:11:29", "text": "countries to stop printing money? That sounds wonderful, but that's not how the system works. The system is built on"}, {"start": "00:11:29", "end": "00:11:35", "text": "inflation. The idea of inflation is that your country will continue to produce"}, {"start": "00:11:35", "end": "00:11:42", "text": "new new babies. These babies will then get older and also need to start working. We are meant to be workers. We"}, {"start": "00:11:42", "end": "00:11:47", "text": "are meant to be uh consumers. We are not meant to be the actual creators of"}, {"start": "00:11:47", "end": "00:11:55", "text": "money. That's how this we're meant to be on on the treadmill on the hamster wheel for forever."}, {"start": "00:11:55", "end": "00:12:00", "text": "So the more new people you have in your country, the more new people who are working, the you know the more so and so"}, {"start": "00:12:00", "end": "00:12:08", "text": "goes up, the more blah blah blah. It shows that your country has expanded in in some sort of direction and then you"}, {"start": "00:12:08", "end": "00:12:14", "text": "can then say look at how much stronger that we actually are. If they want growth to stop then you stop printing"}, {"start": "00:12:14", "end": "00:12:20", "text": "money but they've printed so much money that the growth has to continue in one"}, {"start": "00:12:20", "end": "00:12:25", "text": "direction. There was something a couple of days ago. There was this video online and I was like, \"What are you talking"}, {"start": "00:12:25", "end": "00:12:31", "text": "about, lady?\" It was this video. It was from one of the major news publications"}, {"start": "00:12:31", "end": "00:12:39", "text": "or whatever. It was on YouTube. And the the discussion was is that less and less people are going out, less people are,"}, {"start": "00:12:39", "end": "00:12:46", "text": "you know, going uh, you know, for for takeaway and to eat dinner outside with their friends and less people are going"}, {"start": "00:12:46", "end": "00:12:52", "text": "going out to party. And she was like, \"It's it's a really weird conundrum.\" And I was like, is it Mary? Like, is it"}, {"start": "00:12:52", "end": "00:12:57", "text": "is it that confusing if people are losing their jobs? If people can't"}, {"start": "00:12:57", "end": "00:13:04", "text": "afford their rent, you you you you talk about studio apartments being 16, 17,"}, {"start": "00:13:04", "end": "00:13:09", "text": "21,00 for a studio. You talk about one and two bedrooms"}, {"start": "00:13:09", "end": "00:13:16", "text": "being 2,800, 3,300. who whose who who's"}, {"start": "00:13:17", "end": "00:13:24", "text": "whose income has increased by that much year on year. I understand you know landlords wanting more and that's also"}, {"start": "00:13:24", "end": "00:13:29", "text": "another even crazy part as well cuz I'm also a landlord for those of you who don't know. The problem is is that land"}, {"start": "00:13:29", "end": "00:13:36", "text": "fees go up, HOA fees go up, taxes and all these other things also go up yearly"}, {"start": "00:13:36", "end": "00:13:43", "text": "for like the actual like needing to, you know, maintain and you know what whatever the actual property and then"}, {"start": "00:13:43", "end": "00:13:50", "text": "you have to pass that on to the actual renter otherwise like you're you're only"}, {"start": "00:13:50", "end": "00:13:57", "text": "making $180 per month. It doesn't make any real sense otherwise. And then the problem is is that these numbers go up"}, {"start": "00:13:57", "end": "00:14:03", "text": "so high because the entire system is completely broken that then that number gets passed on to the owner which then"}, {"start": "00:14:03", "end": "00:14:11", "text": "gets passed on to the renter. And then the problem is is that the renter then can't go to their employer and go, \"Hey,"}, {"start": "00:14:11", "end": "00:14:16", "text": "so costs have gone up by 80% since 2019. Where's my 80% raise?\" And then they go,"}, {"start": "00:14:16", "end": "00:14:23", "text": "\"I got you.\" And then they hand you a pink slip and then you're like, \"You're not working there anymore.\""}, {"start": "00:14:23", "end": "00:14:28", "text": "So it makes total sense that people aren't going out, people aren't partying, people aren't vacationing that"}, {"start": "00:14:28", "end": "00:14:34", "text": "much, people aren't eating out all the time. Like what are you talking about? So this"}, {"start": "00:14:34", "end": "00:14:40", "text": "idea of like urgent action, the urgent action would be to literally like"}, {"start": "00:14:40", "end": "00:14:46", "text": "convene all the countries and say, \"Hey, all debt is now zero. We're actually"}, {"start": "00:14:46", "end": "00:14:52", "text": "going to mandatorily lower our inflation rate to a maximum of 1%.\" So we will"}, {"start": "00:14:52", "end": "00:14:58", "text": "continue to have growth, but it won't be, you know, like this weird growth that we keep trying to portray by"}, {"start": "00:14:58", "end": "00:15:03", "text": "printing billions and trillions of dollars to show other countries, yeah, we're doing better. Because for every"}, {"start": "00:15:03", "end": "00:15:11", "text": "dollar that you print, every dollar that came before it gets devalued. If you're printing six billion"}, {"start": "00:15:11", "end": "00:15:19", "text": "every 24 hours, you are h how do you lose 99% of your value to Bitcoin in a"}, {"start": "00:15:19", "end": "00:15:25", "text": "decade? Yeah, it just it just it just you know"}, {"start": "00:15:25", "end": "00:15:33", "text": "this is the way that things are and they've always been. This is what I wish more people got into crypto for was this"}, {"start": "00:15:33", "end": "00:15:41", "text": "this information that the system is rigged, the system is broken, the system is a complete sloppy mess laying in the"}, {"start": "00:15:41", "end": "00:15:46", "text": "corner. When I got into crypto, it was because a"}, {"start": "00:15:46", "end": "00:15:53", "text": "lot of the if not all of the first people in this space, the the the originals as it were, always talked."}, {"start": "00:15:53", "end": "00:15:59", "text": "They were like, \"No, fiat currencies are going to be debased even further. There's going to be heavy inflation."}, {"start": "00:15:59", "end": "00:16:08", "text": "There's going to be hyperinflation.\" And then you look at the numbers that they give you on the news and they say, \"Oh, inflation only rose by 2.3%.\""}, {"start": "00:16:08", "end": "00:16:15", "text": "No. Like, stop lying to everyone. It's so much higher than that. The numbers are so much more intense than anyone can"}, {"start": "00:16:15", "end": "00:16:22", "text": "actually admit. Because if you went on stage and you announced that inflation wasn't 2.3%"}, {"start": "00:16:22", "end": "00:16:29", "text": "and was actually 18% since last year as consumer prices continue to rise for"}, {"start": "00:16:29", "end": "00:16:35", "text": "rent, for cars, for payments, for food, it would send everyone else into this"}, {"start": "00:16:35", "end": "00:16:41", "text": "downward spiral because they would know if the if the if the world reserve currency is doing bad, that means"}, {"start": "00:16:41", "end": "00:16:46", "text": "everything is doing bad because you can't admit it out loud. You can't say that. That's what I said before. I was"}, {"start": "00:16:46", "end": "00:16:52", "text": "like, remember all these companies at the beginning of the year who were like, \"Oh"}, {"start": "00:16:52", "end": "00:16:57", "text": "yeah, we're going to leave the yen. We're leaving the so and so. We're leaving the dollar. We're leaving the euro. We're just going to be buying"}, {"start": "00:16:57", "end": "00:17:04", "text": "Bitcoin.\" That is something that takes You can't have that much conviction without knowledge. You can't go from a"}, {"start": "00:17:04", "end": "00:17:10", "text": "company being like, \"We're going to buy a million dollars worth of BTC to talking about you're upping it to like"}, {"start": "00:17:10", "end": "00:17:16", "text": "$14 billion this year.\" If we know something's wrong, the people"}, {"start": "00:17:16", "end": "00:17:22", "text": "who run these companies, who run these countries, they know it's like bad. It's"}, {"start": "00:17:22", "end": "00:17:27", "text": "like bad bad bad bad bad bad bad."}, {"start": "00:17:30", "end": "00:17:36", "text": "He said, \"Congress must act now. Demand fiscal responsibility from your leaders"}, {"start": "00:17:36", "end": "00:17:42", "text": "before the gradual slide becomes a sudden collapse.\" I, you know, I'm going to give him a little pat on the back."}, {"start": "00:17:42", "end": "00:17:48", "text": "Okay, you're awesome. That's not how this works. That's not how any of this act. Like you"}, {"start": "00:17:48", "end": "00:17:55", "text": "can you can say these things out loud all you want and pretend if we all come together and hold hands and say fiscal"}, {"start": "00:17:55", "end": "00:18:01", "text": "responsibility now they'll go the the public has has spoken and then they'll"}, {"start": "00:18:01", "end": "00:18:09", "text": "change the system back to 1970s when we were on a gold standard. Don't you think they would have done that a while ago?"}, {"start": "00:18:09", "end": "00:18:15", "text": "Don't you what do you this this kind of idea of just being like well if if you"}, {"start": "00:18:15", "end": "00:18:21", "text": "if you wish and cross your fingers then then then they'll definitely listen. These people don't care. This is how"}, {"start": "00:18:21", "end": "00:18:28", "text": "they got rich. It's through the system being broken. They remain rich because everyone else"}, {"start": "00:18:28", "end": "00:18:34", "text": "has to continue to work, has to continue to pay them, has to continue to do this. Do you understand how the system works"}, {"start": "00:18:34", "end": "00:18:40", "text": "and why we have Bitcoin? Why we have crypto? why it's so important for billions of"}, {"start": "00:18:40", "end": "00:18:45", "text": "other people to be like, \"Hey, something's wrong here. This one looks a"}, {"start": "00:18:45", "end": "00:18:52", "text": "lot better. We know exactly how much Bitcoin is going to, and I air quote here, inflate every single year. It's"}, {"start": "00:18:52", "end": "00:18:59", "text": "mathematical. We don't have to guess it. We know exactly how much Bitcoin there is. They can't create anymore.\""}, {"start": "00:18:59", "end": "00:19:04", "text": "And then you have tons of people in in crypto. Yeah, I'm here for the quick fast money. And it's like, yeah, you're"}, {"start": "00:19:04", "end": "00:19:11", "text": "not understanding what's going on. you probably don't want to. There's something inside of your mind if you"}, {"start": "00:19:11", "end": "00:19:17", "text": "were made to understand exactly what's happening. A lot of people would"}, {"start": "00:19:17", "end": "00:19:22", "text": "crumble. This is the same exact way like when when people are in like crazy debt from shopping and stuff like that or"}, {"start": "00:19:22", "end": "00:19:27", "text": "like when you actually open your eyes to see how the world really is, it hurts."}, {"start": "00:19:27", "end": "00:19:33", "text": "Nobody wants to really deal with it. So, we kind of just go, \"Okay, cool. I'll just focus on this.\" Everything is"}, {"start": "00:19:33", "end": "00:19:38", "text": "completely broken. And then we have this new asset. We have this new thing that all these rich people are going for"}, {"start": "00:19:38", "end": "00:19:44", "text": "going towards buying as much as possible. And I sit here and I'm like, I hope you all understand what's going on."}, {"start": "00:19:44", "end": "00:19:49", "text": "I hope you're all paying attention. I hope you realize how early you are in the market. I hope you but why why are"}, {"start": "00:19:49", "end": "00:19:56", "text": "they all rushing towards Bitcoin? If the system is collapsing and these"}, {"start": "00:19:56", "end": "00:20:01", "text": "people are openly announcing the people from Fidelity, from Black Rockck, what's what's the other company that we just"}, {"start": "00:20:01", "end": "00:20:07", "text": "recently had? one of the other big ones all saying the exact same thing. Yeah, it looks like Bitcoin might take over"}, {"start": "00:20:07", "end": "00:20:12", "text": "the US dollar if if debts and deficit continue in this way. Bitcoin might become the world and and then they buy"}, {"start": "00:20:12", "end": "00:20:19", "text": "up all the Bitcoin and people in crypto go I'm going to buy Fartcoin. I I I re I"}, {"start": "00:20:19", "end": "00:20:24", "text": "really like that Mimi coin uh the one with the frog that that one's going to make it. These people are telling you"}, {"start": "00:20:24", "end": "00:20:29", "text": "out loud we are buying up billions of dollars worth of Bitcoin. There's little"}, {"start": "00:20:29", "end": "00:20:36", "text": "there's there there's a little bit of Bitcoin left on exchanges. We're going to buy up all of it. And people go"}, {"start": "00:20:36", "end": "00:20:42", "text": "I like the other one. What's the catcoin? I that's the one that I want from my portfolio."}, {"start": "00:20:42", "end": "00:20:49", "text": "What? Like what the what? Like what what are people talking about? What weird world is this? There was something a"}, {"start": "00:20:49", "end": "00:20:57", "text": "couple of weeks ago, this article I was reading about how meme coins and some altcoins haven't been pumping in price"}, {"start": "00:20:57", "end": "00:21:03", "text": "as people expected. And I was like, are you are you are you are you serious?"}, {"start": "00:21:03", "end": "00:21:09", "text": "These companies have announced they're throwing all their money into Bitcoin. If we see the money flowing into five"}, {"start": "00:21:09", "end": "00:21:16", "text": "different coins, it makes sense why 10,000 other coins aren't pumping in"}, {"start": "00:21:16", "end": "00:21:22", "text": "price. These people have chosen their victor. They've chosen where they want to put their money. You expect these"}, {"start": "00:21:22", "end": "00:21:29", "text": "random ridiculous coins to also still be doing a 300% rise in one day?"}, {"start": "00:21:29", "end": "00:21:35", "text": "Like what? Like what? How can you be so distracted when the answer's right in front of your face? We keep hearing the"}, {"start": "00:21:35", "end": "00:21:41", "text": "same damn thing every single day. Every 24 hours, we keep hearing the same thing. And people in crypto go,"}, {"start": "00:21:41", "end": "00:21:49", "text": "\"Bitcoin's boring. I I don't like it. I'm going to choose Chamongala coin.\" Last week, JP Morgan touted Bitcoin and"}, {"start": "00:21:49", "end": "00:21:56", "text": "gold as the debasement trade amid increased uncertainty in the dollar."}, {"start": "00:21:56", "end": "00:22:02", "text": "Bitcoin's fixed supply and decentralized nature have drawn increased"}, {"start": "00:22:02", "end": "00:22:09", "text": "institutional attention with the likes of Black Rockck CEO Larry Frink. It says once a Bitcoin"}, {"start": "00:22:09", "end": "00:22:17", "text": "critic. This guy's been buying Bitcoin forever. stating in January that Bitcoin could go to $700,000"}, {"start": "00:22:17", "end": "00:22:23", "text": "US on currency debasement fears."}, {"start": "00:22:23", "end": "00:22:29", "text": "The company that owns everything, the CEO has said, he said multiple times,"}, {"start": "00:22:29", "end": "00:22:37", "text": "he's expecting like a billion dollar Bitcoin in the next couple of years, like before we start the next decade."}, {"start": "00:22:37", "end": "00:22:42", "text": "Oh my gosh, guys. Like it's just I wish the world would like wake up and start"}, {"start": "00:22:42", "end": "00:22:48", "text": "paying attention cuz it gets a little bit annoying after a while. Remember I told you before you're going to have"}, {"start": "00:22:48", "end": "00:22:53", "text": "friends who are going to brag to you that they have 30,000 Satoshi. You're"}, {"start": "00:22:53", "end": "00:22:59", "text": "going to have other people being like, \"Oh man, why didn't you tell me before Bitcoin's price is going to go to 1.4"}, {"start": "00:22:59", "end": "00:23:06", "text": "million and these people are going to riot. They're going to be completely over it and annoyed. I I I didn't have"}, {"start": "00:23:06", "end": "00:23:13", "text": "any time to buy Bitcoin.\" And yes, you did. You were buying sneakers. You were putting expensive vacations on credit"}, {"start": "00:23:13", "end": "00:23:18", "text": "cards. You were buying all these things that you didn't need over and over and"}, {"start": "00:23:18", "end": "00:23:23", "text": "over and over and over and over."}, {"start": "00:23:23", "end": "00:23:30", "text": "Well, my friends, I'm exhausted. I think that's going to do it for this video. For the love of"}, {"start": "00:23:30", "end": "00:23:36", "text": "heaven, just pay attention. Just do what you need to do. to stop all the nonsense."}, {"start": "00:23:36", "end": "00:23:41", "text": "You know, it's it's gotten to the point where, you know, this is why I told you"}, {"start": "00:23:41", "end": "00:23:47", "text": "before I stopped telling people. I used to always after I met people or I knew them for a couple of weeks, I always"}, {"start": "00:23:47", "end": "00:23:54", "text": "tried to have a conversation with them because I've met so many people in my my personal life who yeah, I'm broke. I"}, {"start": "00:23:54", "end": "00:24:00", "text": "don't got it. I'm so and so. I can't. So, I'm like, let me try and help them. Let me explain to them what this is. I"}, {"start": "00:24:00", "end": "00:24:06", "text": "can help you get into a market somewhere to invest your money. If people don't want to know,"}, {"start": "00:24:06", "end": "00:24:12", "text": "but these are always the people who complain after. That's the problem. If these people just didn't get into a"}, {"start": "00:24:12", "end": "00:24:18", "text": "market and were like happy, you know, being broke, skipping around, that'd be something else. But the moment like they"}, {"start": "00:24:18", "end": "00:24:24", "text": "realize that they could have gotten into something and they didn't and it's it's their fault, that becomes the I'm going"}, {"start": "00:24:24", "end": "00:24:31", "text": "to blame someone else. And it's like, no, every everyone under the age of 50,"}, {"start": "00:24:31", "end": "00:24:38", "text": "and I'll give you a good 40 knows what Bitcoin is. People People under the age"}, {"start": "00:24:38", "end": "00:24:44", "text": "of 80 know what stocks are. They know they know what bonds are. And I bonds"}, {"start": "00:24:44", "end": "00:24:50", "text": "something to invest your money to put money away to have something for the future. If you keep ignoring every"}, {"start": "00:24:50", "end": "00:24:56", "text": "single thing, if you keep having people walk up to you in those street interviews on YouTube, how much money do"}, {"start": "00:24:56", "end": "00:25:03", "text": "you have saved? Saved. I'm 33. I don't think about saving money. I want to go hang out with my"}, {"start": "00:25:03", "end": "00:25:09", "text": "friends and go on vacations. They they turn 47 and then they're in a documentary about how how they don't"}, {"start": "00:25:09", "end": "00:25:15", "text": "have any money. I I I I tell you, I keep finding these documentaries. They're crazy. These documentaries and for some"}, {"start": "00:25:15", "end": "00:25:21", "text": "reason they're always like targeting old people. I think it's meant like I mean like 70s and 80s they're they're they're"}, {"start": "00:25:21", "end": "00:25:27", "text": "meant to like target uh or try and like look how sad things are that these old"}, {"start": "00:25:27", "end": "00:25:33", "text": "people can't can't afford this and can't afford that. It's incredibly sad because they also didn't pay attention because"}, {"start": "00:25:33", "end": "00:25:39", "text": "every sing every single documentary that I that I'm watching they're not talking to young people. They're not talking to"}, {"start": "00:25:39", "end": "00:25:46", "text": "other people. They kind of show this like vantage point of like she's 81 years old and still has to work. And"}, {"start": "00:25:46", "end": "00:25:52", "text": "then they talk to them and the woman goes, \"Well, in in the 70s and ' 80s we didn't we didn't think about saving and"}, {"start": "00:25:52", "end": "00:25:58", "text": "in the early '9s we saw the dotcom bubble, so we avoided the stock market. In the early, you know, 2001 also"}, {"start": "00:25:58", "end": "00:26:04", "text": "another collapse. We also avoided it. And then we saw 2008. So we just decided whatever like we we we heard somewhere"}, {"start": "00:26:04", "end": "00:26:11", "text": "on the news that our money would, you know, would be safe because the government would give us a pension. And now and now my pension's only 800 per"}, {"start": "00:26:11", "end": "00:26:18", "text": "month. Why is it only 800 per month? Well, at some point I was taking money out of my pension so we could go on vacations. And I was doing I I saw"}, {"start": "00:26:18", "end": "00:26:25", "text": "really like beautiful things that I wanted to buy. And it's like what the you had how many years to put you could"}, {"start": "00:26:25", "end": "00:26:32", "text": "have put you could have put a dollar a day away and you still would have something a dollar a freaking dollar"}, {"start": "00:26:32", "end": "00:26:39", "text": "nonetheless 105 $20 a week. How much money would you have now?"}, {"start": "00:26:39", "end": "00:26:44", "text": "Imagine if you had invested that anywhere, anywhere, anywhere."}, {"start": "00:26:44", "end": "00:26:50", "text": "You know, gold prices back in the 70s, it it was it was like dirt."}, {"start": "00:26:50", "end": "00:26:57", "text": "Very very s super super on sale. So I I you know, I understand once"}, {"start": "00:26:57", "end": "00:27:03", "text": "again, you know, people and I and I and I focus more on people who are able-bodied or of sound mind. You know"}, {"start": "00:27:03", "end": "00:27:10", "text": "what money is. You know when you bought your you you bought what nonsense? You you paid"}, {"start": "00:27:10", "end": "00:27:16", "text": "no no part of you thought you just bought a new car. You just bought a new motorbike. You just bought a new so and"}, {"start": "00:27:16", "end": "00:27:22", "text": "so. You just bought a new dress. You just bought new shoes. You're going on vacation. Hey, this vacation costs, you"}, {"start": "00:27:22", "end": "00:27:27", "text": "know, 2,000. I'm going to put I'm I'm going to put 200 away into a savings"}, {"start": "00:27:27", "end": "00:27:32", "text": "account. Just 10% of it. You got paid every single month. I just saw this doc Okay. Oh my gosh. I just saw this"}, {"start": "00:27:32", "end": "00:27:39", "text": "documentary. It was so crazy. They were talking to these people and like the the point of the show was to try and figure out like how how much money they had or"}, {"start": "00:27:39", "end": "00:27:48", "text": "something like like it was like a you you see the you see the people living their lives and then at the end of it you kind of was you know you how much"}, {"start": "00:27:48", "end": "00:27:53", "text": "are they worth? How much are they making per month? This one woman I I kid you"}, {"start": "00:27:53", "end": "00:28:00", "text": "not. She was buying this. She was buying she she was in her 40s. She did so and so she got this done to her face. She"}, {"start": "00:28:00", "end": "00:28:07", "text": "got blah blah blah blah blah. At the end of it, they were asking her how much she was making. She had a like a she had a part-time part-time job. I think she was"}, {"start": "00:28:07", "end": "00:28:15", "text": "bringing in like 800 per month. And I was like, \"What?\" I think her husband was bringing in maybe 2,000 or something"}, {"start": "00:28:15", "end": "00:28:20", "text": "like that. And it it was it was And he he was even saying, \"Yeah, I just got a new this and I'm going to put in a"}, {"start": "00:28:20", "end": "00:28:26", "text": "pool.\" And I was like, \"You're you're not even you're not even living for now. Like you're living just"}, {"start": "00:28:26", "end": "00:28:32", "text": "to like brag to other people to show that like look look at what we have, right?\" And I was like, they're both a"}, {"start": "00:28:32", "end": "00:28:38", "text": "good 20some years away from retirement. They they didn't have Jack diddly squat"}, {"start": "00:28:38", "end": "00:28:44", "text": "to their name. Nothing. No, no assets. Like"}, {"start": "00:28:44", "end": "00:28:51", "text": "crazy crazy crazy. The the fact that people live that way is bananas."}, {"start": "00:28:51", "end": "00:28:57", "text": "You you you probably can also find some documentaries online about like um young people being in debt. There's this like"}, {"start": "00:28:57", "end": "00:29:03", "text": "really weird thing where because young because young people think that they're"}, {"start": "00:29:03", "end": "00:29:10", "text": "never going to be able to own a home or have assets, they're doom spending, but the doom spending is only being"}, {"start": "00:29:10", "end": "00:29:16", "text": "accelerated by buy now, pay later websites. I ju I'm not joking. I just"}, {"start": "00:29:16", "end": "00:29:22", "text": "saw one. This guy was 22 years old. I think he was $47,000"}, {"start": "00:29:22", "end": "00:29:29", "text": "in debt. He said he he bought new shoes. He bought new clothing because he he he wanted like all the new stuff that came"}, {"start": "00:29:29", "end": "00:29:35", "text": "out so he could impress girls and he bought a new computer and bought a new this and he was driving a nice car and"}, {"start": "00:29:35", "end": "00:29:40", "text": "they were like you're 22. He's like yeah I and I it's difficult to get you know to get the numbers to go down because"}, {"start": "00:29:40", "end": "00:29:46", "text": "like every time that like a new iPhone comes out like I I get the newest one. He's buying it all on credit. And I was"}, {"start": "00:29:46", "end": "00:29:52", "text": "like, dude, by the by he's 20 22. He's he's had four years worth of access to"}, {"start": "00:29:52", "end": "00:29:59", "text": "these things. By the time he's 34 and a half, I assume he's going to be half a"}, {"start": "00:29:59", "end": "00:30:07", "text": "half a million at least in debt. How how insane."}, {"start": "00:30:08", "end": "00:30:14", "text": "Oh boy. Okay. Yeah, that's going to do it for this video. As I always say, I"}, {"start": "00:30:14", "end": "00:30:20", "text": "hope you're all saving money. Hope you have a savings account. Hope you're all remembering to invest. Do something. Do"}, {"start": "00:30:20", "end": "00:30:27", "text": "something with your life. Don't just sit there and then turn 60 and 70 and then blame other people. That's not how this works. You got to you got to help and"}, {"start": "00:30:27", "end": "00:30:33", "text": "save yourself. Congress is not going to act now. There's not going to be this brand new, hey, we're going to change"}, {"start": "00:30:33", "end": "00:30:39", "text": "the No, no, no, no, no, no, no, no, no. The system is the way that it is, and you need to navigate your way around it."}, {"start": "00:30:39", "end": "00:30:45", "text": "That's how life is. Uh, thank you all once again for watching, listening, liking, commenting, and supporting. And"}, {"start": "00:30:45", "end": "00:30:51", "text": "I will most certainly be talking to you all soon."}, {"start": "00:30:51", "end": "00:30:54", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:07", "text": "Welcome back to the channel. Welcome"}, {"start": "00:00:07", "end": "00:00:10", "text": "back to the modern investor. Welcome"}, {"start": "00:00:10", "end": "00:00:13", "text": "back. Welcome back. Welcome back. Hope"}, {"start": "00:00:13", "end": "00:00:15", "text": "that everyone out there is having a"}, {"start": "00:00:15", "end": "00:00:18", "text": "great day, a good morning, a good"}, {"start": "00:00:18", "end": "00:00:21", "text": "afternoon, and or evening wherever you"}, {"start": "00:00:21", "end": "00:00:24", "text": "are, wherever you might be. A very big"}, {"start": "00:00:24", "end": "00:00:27", "text": "thank you to everyone who leaves a"}, {"start": "00:00:27", "end": "00:00:29", "text": "comment on the video. It helps out the"}, {"start": "00:00:29", "end": "00:00:32", "text": "channel a lot. Do not forget to"}, {"start": "00:00:32", "end": "00:00:34", "text": "subscribe"}, {"start": "00:00:34", "end": "00:00:38", "text": "to the modern investor as well. Without"}, {"start": "00:00:38", "end": "00:00:42", "text": "any ado, that is further."}, {"start": "00:00:42", "end": "00:00:46", "text": "Let's jump right into it. A lot of"}, {"start": "00:00:46", "end": "00:00:49", "text": "things seem to be changing. Apparently,"}, {"start": "00:00:49", "end": "00:00:52", "text": "we have good things on the horizon"}, {"start": "00:00:52", "end": "00:00:55", "text": "within the cryptocurrency space. A lot"}, {"start": "00:00:55", "end": "00:00:57", "text": "of the news lately, if you've been"}, {"start": "00:00:57", "end": "00:01:00", "text": "paying attention, has kind of been all"}, {"start": "00:01:00", "end": "00:01:03", "text": "over the place, like not in a a normal"}, {"start": "00:01:03", "end": "00:01:06", "text": "manner either. A lot of people are"}, {"start": "00:01:06", "end": "00:01:10", "text": "placing their chips on what stable coins"}, {"start": "00:01:10", "end": "00:01:12", "text": "are going to do. Discussions about US"}, {"start": "00:01:12", "end": "00:01:15", "text": "debt levels, tokenization"}, {"start": "00:01:15", "end": "00:01:19", "text": "companies, coin valuations and prices,"}, {"start": "00:01:19", "end": "00:01:22", "text": "where things are going to be in 2026,"}, {"start": "00:01:22", "end": "00:01:25", "text": "how much money there is to be made, and"}, {"start": "00:01:25", "end": "00:01:29", "text": "who the winners are going to be. I"}, {"start": "00:01:29", "end": "00:01:33", "text": "think, as I've said before, 2026 is"}, {"start": "00:01:33", "end": "00:01:36", "text": "going to be a very pivotal year. I think"}, {"start": "00:01:36", "end": "00:01:40", "text": "a lot of it has been seen in 2025,"}, {"start": "00:01:40", "end": "00:01:43", "text": "but 2026 will probably declare at least"}, {"start": "00:01:43", "end": "00:01:45", "text": "shortterm"}, {"start": "00:01:45", "end": "00:01:48", "text": "will declare the winners of the space,"}, {"start": "00:01:48", "end": "00:01:50", "text": "the coins that are going to be used as"}, {"start": "00:01:50", "end": "00:01:54", "text": "you've been seeing a lot of altcoin um"}, {"start": "00:01:54", "end": "00:01:56", "text": "ETF launches"}, {"start": "00:01:56", "end": "00:01:58", "text": "have been taking place. But then you"}, {"start": "00:01:58", "end": "00:02:02", "text": "also realize that a lot of ETFs aren't"}, {"start": "00:02:02", "end": "00:02:05", "text": "uh doing as well as people kind of"}, {"start": "00:02:05", "end": "00:02:08", "text": "expected. I told you before years ago I"}, {"start": "00:02:08", "end": "00:02:10", "text": "think I mean it's basically all about"}, {"start": "00:02:10", "end": "00:02:13", "text": "money obviously but I I I assumed we"}, {"start": "00:02:13", "end": "00:02:16", "text": "would start to see which companies would"}, {"start": "00:02:16", "end": "00:02:19", "text": "gain favor who would have the light"}, {"start": "00:02:19", "end": "00:02:22", "text": "shone on them and everyone you know"}, {"start": "00:02:22", "end": "00:02:25", "text": "basically bending the knee to them. If"}, {"start": "00:02:25", "end": "00:02:27", "text": "you don't remember, years ago, Coinbase"}, {"start": "00:02:27", "end": "00:02:29", "text": "was also touted as like a really, you"}, {"start": "00:02:29", "end": "00:02:32", "text": "know, weird kind of almost not"}, {"start": "00:02:32", "end": "00:02:36", "text": "eccentric, but like just an odd company."}, {"start": "00:02:36", "end": "00:02:38", "text": "This is when a number of banks and"}, {"start": "00:02:38", "end": "00:02:40", "text": "institutions and the New York Stock"}, {"start": "00:02:40", "end": "00:02:43", "text": "Exchange were trying to launch their own"}, {"start": "00:02:43", "end": "00:02:45", "text": "form of a crypto exchange that"}, {"start": "00:02:45", "end": "00:02:48", "text": "completely fell apart. And then at some"}, {"start": "00:02:48", "end": "00:02:51", "text": "point, Coinbase became like the golden"}, {"start": "00:02:51", "end": "00:02:53", "text": "child of the cryptocurrency market."}, {"start": "00:02:53", "end": "00:02:55", "text": "everyone custodies with them. They get"}, {"start": "00:02:55", "end": "00:02:56", "text": "all the sponsorships. You name it."}, {"start": "00:02:56", "end": "00:02:59", "text": "That's, you know, that's how things are."}, {"start": "00:02:59", "end": "00:03:02", "text": "Uh Ripple years ago was completely"}, {"start": "00:03:02", "end": "00:03:06", "text": "shunned by just about every institution"}, {"start": "00:03:06", "end": "00:03:08", "text": "within the United States. The reasoning"}, {"start": "00:03:08", "end": "00:03:10", "text": "that we were given was because of the"}, {"start": "00:03:10", "end": "00:03:14", "text": "SEC's lack of regulation. They didn't"}, {"start": "00:03:14", "end": "00:03:17", "text": "say if XRP was a security or a"}, {"start": "00:03:17", "end": "00:03:21", "text": "commodity. There was a multi-yearlong"}, {"start": "00:03:21", "end": "00:03:22", "text": "lawsuit when it could have been resolved"}, {"start": "00:03:22", "end": "00:03:25", "text": "in 30 days. There was all this, you"}, {"start": "00:03:25", "end": "00:03:28", "text": "know, talk about Ripple can't do this"}, {"start": "00:03:28", "end": "00:03:29", "text": "and they're not going to do that and"}, {"start": "00:03:29", "end": "00:03:30", "text": "they wanted to work with banks and they"}, {"start": "00:03:30", "end": "00:03:32", "text": "weren't then allowed to. So, they moved"}, {"start": "00:03:32", "end": "00:03:34", "text": "basically overseas and became quite"}, {"start": "00:03:34", "end": "00:03:38", "text": "popular and other regulated markets."}, {"start": "00:03:38", "end": "00:03:40", "text": "And now all of a sudden, we're beginning"}, {"start": "00:03:40", "end": "00:03:43", "text": "to see like this, if you haven't been"}, {"start": "00:03:43", "end": "00:03:45", "text": "paying attention, apparently everyone"}, {"start": "00:03:45", "end": "00:03:48", "text": "loves Ripple now. Everyone loves XRP."}, {"start": "00:03:48", "end": "00:03:50", "text": "It's kind of and I will say from the"}, {"start": "00:03:50", "end": "00:03:52", "text": "vantage point of you you you kind of"}, {"start": "00:03:52", "end": "00:03:55", "text": "like you need to have been here to have"}, {"start": "00:03:55", "end": "00:03:57", "text": "put all the puzzle pieces together. It"}, {"start": "00:03:57", "end": "00:03:59", "text": "became abundantly clear if you missed"}, {"start": "00:03:59", "end": "00:04:02", "text": "it. I think it was January, I want to"}, {"start": "00:04:02", "end": "00:04:04", "text": "say January, uh, with all these videos"}, {"start": "00:04:04", "end": "00:04:07", "text": "and photos of Brad Garlinghouse in the"}, {"start": "00:04:07", "end": "00:04:11", "text": "White House and then it being announced"}, {"start": "00:04:11", "end": "00:04:15", "text": "that the US along with Bitcoin was going"}, {"start": "00:04:15", "end": "00:04:18", "text": "to accumulate XRP for their reserve"}, {"start": "00:04:18", "end": "00:04:20", "text": "thing as well. And, you know, this kind"}, {"start": "00:04:20", "end": "00:04:23", "text": "of like favor began to shine on them. I"}, {"start": "00:04:23", "end": "00:04:26", "text": "saw this and I was like,"}, {"start": "00:04:26", "end": "00:04:29", "text": "I wish people weren't ridiculous. I I"}, {"start": "00:04:29", "end": "00:04:33", "text": "really don't understand this idea of"}, {"start": "00:04:33", "end": "00:04:35", "text": "shunning someone, talking down to them"}, {"start": "00:04:35", "end": "00:04:38", "text": "when you know that they're just I don't"}, {"start": "00:04:38", "end": "00:04:40", "text": "know. I Okay, whatever. So, a lot of"}, {"start": "00:04:40", "end": "00:04:43", "text": "companies years ago used to um as we say"}, {"start": "00:04:43", "end": "00:04:47", "text": "in English used to talk smack about"}, {"start": "00:04:47", "end": "00:04:50", "text": "Ripple a lot and then wouldn't you know"}, {"start": "00:04:50", "end": "00:04:53", "text": "it, now they're completely favored"}, {"start": "00:04:53", "end": "00:04:56", "text": "within the crypto currency space. It's"}, {"start": "00:04:56", "end": "00:04:59", "text": "also remember yeah it was yeah the"}, {"start": "00:04:59", "end": "00:05:01", "text": "beginning of the year when Garlinghouse"}, {"start": "00:05:01", "end": "00:05:04", "text": "was in the White House and uh that's"}, {"start": "00:05:04", "end": "00:05:08", "text": "when we heard from Charles Hoskinson the"}, {"start": "00:05:08", "end": "00:05:10", "text": "creator of Cardano remember all the"}, {"start": "00:05:10", "end": "00:05:11", "text": "articles when he was like I love Ripple"}, {"start": "00:05:11", "end": "00:05:14", "text": "Ripple's amazing like XRP you know"}, {"start": "00:05:14", "end": "00:05:17", "text": "chef's kiss and he was talking about uh"}, {"start": "00:05:17", "end": "00:05:19", "text": "minting"}, {"start": "00:05:19", "end": "00:05:22", "text": "the Ripple stable coin on top of the"}, {"start": "00:05:22", "end": "00:05:24", "text": "Cardano blockchain that all happened"}, {"start": "00:05:24", "end": "00:05:27", "text": "after January and since then you Sky's"}, {"start": "00:05:27", "end": "00:05:29", "text": "the limit. They're they're an amazing"}, {"start": "00:05:29", "end": "00:05:32", "text": "amazing company. Forbes."}, {"start": "00:05:32", "end": "00:05:35", "text": "Yeah, Forbes, the Wall Street Journal,"}, {"start": "00:05:35", "end": "00:05:38", "text": "and there was another company uh have"}, {"start": "00:05:38", "end": "00:05:42", "text": "been quite critical of crypto for the"}, {"start": "00:05:42", "end": "00:05:44", "text": "better half of a decade. The articles"}, {"start": "00:05:44", "end": "00:05:46", "text": "that we've been going over, the things"}, {"start": "00:05:46", "end": "00:05:50", "text": "that made popular and or unpopular news"}, {"start": "00:05:50", "end": "00:05:52", "text": "were quite scathing at times. They would"}, {"start": "00:05:52", "end": "00:05:54", "text": "talk about these companies being zombie"}, {"start": "00:05:54", "end": "00:05:56", "text": "companies. No one's using them. No one"}, {"start": "00:05:56", "end": "00:05:58", "text": "wants them. No one wants that coin. No"}, {"start": "00:05:58", "end": "00:06:00", "text": "one's doing anything with this. And I"}, {"start": "00:06:00", "end": "00:06:04", "text": "now use the term uh we knew. It was the"}, {"start": "00:06:04", "end": "00:06:07", "text": "letters B and the letter S. Uh just"}, {"start": "00:06:07", "end": "00:06:09", "text": "because they were kind of always saying"}, {"start": "00:06:09", "end": "00:06:13", "text": "things like, well, XRP is garbage, but"}, {"start": "00:06:13", "end": "00:06:15", "text": "you know what's not? Bitcoin Cash."}, {"start": "00:06:15", "end": "00:06:17", "text": "That's the coin everyone needs to look"}, {"start": "00:06:17", "end": "00:06:20", "text": "towards. And I was like, uh, wrong. They"}, {"start": "00:06:20", "end": "00:06:22", "text": "would talk nonsense about certain other"}, {"start": "00:06:22", "end": "00:06:24", "text": "coin projects and they would go, \"But"}, {"start": "00:06:24", "end": "00:06:27", "text": "this coin that no one had ever heard of,"}, {"start": "00:06:27", "end": "00:06:29", "text": "that's the one to keep an eye on.\" And"}, {"start": "00:06:29", "end": "00:06:33", "text": "it's like, \"Okay, sure. Forbes"}, {"start": "00:06:33", "end": "00:06:37", "text": "has dramatically shifted its stance on"}, {"start": "00:06:37", "end": "00:06:40", "text": "XRP and Ripple.\" Who would who would"}, {"start": "00:06:40", "end": "00:06:41", "text": "have thought it, right? You know, the"}, {"start": "00:06:41", "end": "00:06:44", "text": "company, as I told you before, that did"}, {"start": "00:06:44", "end": "00:06:47", "text": "everything they said they were going to"}, {"start": "00:06:47", "end": "00:06:50", "text": "do. Why would you ever look at them in a"}, {"start": "00:06:50", "end": "00:06:52", "text": "negative light? If you haven't been here"}, {"start": "00:06:52", "end": "00:06:55", "text": "with this channel since 2016 or the"}, {"start": "00:06:55", "end": "00:06:58", "text": "beginning of 2017, Ripple made the"}, {"start": "00:06:58", "end": "00:07:00", "text": "company made a lot of promises. We are"}, {"start": "00:07:00", "end": "00:07:04", "text": "going to work with a dozen banks. We are"}, {"start": "00:07:04", "end": "00:07:06", "text": "going to work with central banks. We are"}, {"start": "00:07:06", "end": "00:07:09", "text": "going to do this for the chain and the"}, {"start": "00:07:09", "end": "00:07:11", "text": "coin. This is back when they had"}, {"start": "00:07:11", "end": "00:07:14", "text": "remember XRapid. Yeah. they had this"}, {"start": "00:07:14", "end": "00:07:16", "text": "thing where uh other protocols and other"}, {"start": "00:07:16", "end": "00:07:19", "text": "things that they had in the background"}, {"start": "00:07:19", "end": "00:07:23", "text": "that uh wouldn't circumvent XRP per se,"}, {"start": "00:07:23", "end": "00:07:26", "text": "but it wasn't necessarily using it. They"}, {"start": "00:07:26", "end": "00:07:28", "text": "merged all of that together. So"}, {"start": "00:07:28", "end": "00:07:29", "text": "everything that happens within their"}, {"start": "00:07:29", "end": "00:07:32", "text": "ecosystem also happens with XRP."}, {"start": "00:07:32", "end": "00:07:34", "text": "Everything they said they would do,"}, {"start": "00:07:34", "end": "00:07:36", "text": "they've done it and more. They're"}, {"start": "00:07:36", "end": "00:07:37", "text": "working with dozens of banks. They have"}, {"start": "00:07:37", "end": "00:07:41", "text": "huge consortiums in Japan and Singapore"}, {"start": "00:07:41", "end": "00:07:43", "text": "across Asia and and like you they they"}, {"start": "00:07:43", "end": "00:07:47", "text": "they've done it. But now as we begin to"}, {"start": "00:07:47", "end": "00:07:50", "text": "choose the winners, as these large"}, {"start": "00:07:50", "end": "00:07:51", "text": "companies basically know in the"}, {"start": "00:07:51", "end": "00:07:53", "text": "background who's been given the"}, {"start": "00:07:53", "end": "00:07:57", "text": "handshake, uh now everyone is is is is"}, {"start": "00:07:57", "end": "00:07:59", "text": "shifting gears, uh shifted their stance"}, {"start": "00:07:59", "end": "00:08:02", "text": "on XRP and Ripple, describing the"}, {"start": "00:08:02", "end": "00:08:06", "text": "company as almost unrecognizable"}, {"start": "00:08:06", "end": "00:08:09", "text": "compared to the version it profiled in"}, {"start": "00:08:09", "end": "00:08:12", "text": "early 2024. No, the company's kind of"}, {"start": "00:08:12", "end": "00:08:13", "text": "the same. They made a lot of"}, {"start": "00:08:13", "end": "00:08:16", "text": "acquisitions. It's just now they're more"}, {"start": "00:08:16", "end": "00:08:19", "text": "favored like at the top. So, everyone is"}, {"start": "00:08:19", "end": "00:08:20", "text": "now running to them and going, \"Oh, no."}, {"start": "00:08:20", "end": "00:08:22", "text": "We didn't we didn't we we didn't mean"}, {"start": "00:08:22", "end": "00:08:24", "text": "that before.\" What happened was is that"}, {"start": "00:08:24", "end": "00:08:27", "text": "it was one gigantic long typo, and we're"}, {"start": "00:08:27", "end": "00:08:30", "text": "just we're just really sorry. Back then,"}, {"start": "00:08:30", "end": "00:08:36", "text": "XRP and Ripple topped Forbes's list of"}, {"start": "00:08:36", "end": "00:08:41", "text": "zombie blockchain projects."}, {"start": "00:08:41", "end": "00:08:42", "text": "If you've paid attention to anything"}, {"start": "00:08:42", "end": "00:08:45", "text": "that Ripple has been doing since two"}, {"start": "00:08:45", "end": "00:08:49", "text": "2020, a good 2020,"}, {"start": "00:08:49", "end": "00:08:51", "text": "it's been remarkable. We've heard"}, {"start": "00:08:51", "end": "00:08:54", "text": "promises from Tron. We've heard promises"}, {"start": "00:08:54", "end": "00:08:57", "text": "from Sheba Enu, promises from Cardano,"}, {"start": "00:08:57", "end": "00:08:59", "text": "across the board, you name it. From"}, {"start": "00:08:59", "end": "00:09:02", "text": "Ethereum, by 2020, we're going to have a"}, {"start": "00:09:02", "end": "00:09:06", "text": "100,000 transactions per second. By"}, {"start": "00:09:06", "end": "00:09:10", "text": "2024, we're gonna have across the board,"}, {"start": "00:09:10", "end": "00:09:12", "text": "Ripple has literally been Ripple and"}, {"start": "00:09:12", "end": "00:09:14", "text": "Binance, as far as I can remember off"}, {"start": "00:09:14", "end": "00:09:16", "text": "the top of my head. I'm sure there's one"}, {"start": "00:09:16", "end": "00:09:18", "text": "other random one. Sure. Amazing. Thumbs"}, {"start": "00:09:18", "end": "00:09:20", "text": "up."}, {"start": "00:09:20", "end": "00:09:22", "text": "One of the only companies who's actually"}, {"start": "00:09:22", "end": "00:09:24", "text": "done everything they said they were"}, {"start": "00:09:24", "end": "00:09:26", "text": "going to do."}, {"start": "00:09:26", "end": "00:09:29", "text": "Okay. Forbes listed them as a zombie"}, {"start": "00:09:29", "end": "00:09:31", "text": "blockchain project with billiondoll"}, {"start": "00:09:31", "end": "00:09:32", "text": "valuations,"}, {"start": "00:09:32", "end": "00:09:36", "text": "but with supposedly minimal realworld"}, {"start": "00:09:36", "end": "00:09:41", "text": "usage. Today, Forbes is calling Ripple's"}, {"start": "00:09:41", "end": "00:09:44", "text": "transformation a $180"}, {"start": "00:09:44", "end": "00:09:47", "text": "billion reinvention driven by"}, {"start": "00:09:47", "end": "00:09:51", "text": "acquisitions, regulatory clarity, and a"}, {"start": "00:09:51", "end": "00:09:54", "text": "surge of institutional interest in XRP."}, {"start": "00:09:54", "end": "00:09:57", "text": "We've seen all of this for years, which"}, {"start": "00:09:57", "end": "00:10:00", "text": "is insane because I"}, {"start": "00:10:00", "end": "00:10:01", "text": "it it makes me annoyed when"}, {"start": "00:10:01", "end": "00:10:03", "text": "publications,"}, {"start": "00:10:03", "end": "00:10:06", "text": "regardless of who they are, just kind of"}, {"start": "00:10:06", "end": "00:10:08", "text": "lie outright."}, {"start": "00:10:08", "end": "00:10:10", "text": "If me and you me and you don't have"}, {"start": "00:10:10", "end": "00:10:12", "text": "access to like boardroom information of"}, {"start": "00:10:12", "end": "00:10:14", "text": "all these things, like me and you, we're"}, {"start": "00:10:14", "end": "00:10:16", "text": "not Forbes. Me and you are not Ripple."}, {"start": "00:10:16", "end": "00:10:19", "text": "Me and you are not Black Rockck. If me"}, {"start": "00:10:19", "end": "00:10:22", "text": "and you, however, were getting crazy"}, {"start": "00:10:22", "end": "00:10:26", "text": "good news about Ripple and XRP over the"}, {"start": "00:10:26", "end": "00:10:29", "text": "last five years, doesn't it seem weird"}, {"start": "00:10:29", "end": "00:10:32", "text": "that Forbes didn't have that news?"}, {"start": "00:10:32", "end": "00:10:33", "text": "What's the point of writing negative"}, {"start": "00:10:33", "end": "00:10:35", "text": "articles about these companies and then"}, {"start": "00:10:35", "end": "00:10:38", "text": "the moment they do all these big things"}, {"start": "00:10:38", "end": "00:10:40", "text": "even more than before, people then go,"}, {"start": "00:10:40", "end": "00:10:42", "text": "\"Okay, now they're amazing. Now we love"}, {"start": "00:10:42", "end": "00:10:43", "text": "them. Now it's awesome.\" No, they've"}, {"start": "00:10:43", "end": "00:10:46", "text": "they've Ripple's been amazing for a"}, {"start": "00:10:46", "end": "00:10:49", "text": "very, very long time. It could have also"}, {"start": "00:10:49", "end": "00:10:51", "text": "been the the end of the the lawsuit,"}, {"start": "00:10:51", "end": "00:10:54", "text": "what have you. It says, \"Freed from the"}, {"start": "00:10:54", "end": "00:10:57", "text": "SEC, Ripple has gone on an acquisition"}, {"start": "00:10:57", "end": "00:10:59", "text": "spree. If you've missed the last couple"}, {"start": "00:10:59", "end": "00:11:03", "text": "of months, they have been buying a large"}, {"start": "00:11:03", "end": "00:11:05", "text": "amount of companies. They've been"}, {"start": "00:11:05", "end": "00:11:08", "text": "purchasing a lot of treasury companies."}, {"start": "00:11:08", "end": "00:11:11", "text": "The deal is the idea would be in the"}, {"start": "00:11:11", "end": "00:11:14", "text": "very near future 2026 we are going to"}, {"start": "00:11:14", "end": "00:11:18", "text": "see basically custody and treasury"}, {"start": "00:11:18", "end": "00:11:21", "text": "solutions kind of take off. You have all"}, {"start": "00:11:21", "end": "00:11:23", "text": "these companies, all these governments,"}, {"start": "00:11:23", "end": "00:11:25", "text": "all these countries who are buying up"}, {"start": "00:11:25", "end": "00:11:27", "text": "huge amounts of Bitcoin and Ether. If"}, {"start": "00:11:27", "end": "00:11:31", "text": "you can be the company who holds this"}, {"start": "00:11:31", "end": "00:11:33", "text": "the this money for them, Ripple is"}, {"start": "00:11:33", "end": "00:11:36", "text": "basically setting themselves up to be a"}, {"start": "00:11:36", "end": "00:11:38", "text": "black rockck. That's not even a joke."}, {"start": "00:11:38", "end": "00:11:40", "text": "Like this is how you do it. You acquire"}, {"start": "00:11:40", "end": "00:11:41", "text": "these companies that have the paperwork"}, {"start": "00:11:41", "end": "00:11:45", "text": "to, you know, the legal duty to be able"}, {"start": "00:11:45", "end": "00:11:48", "text": "to hold these coins for institutions,"}, {"start": "00:11:48", "end": "00:11:51", "text": "for governments, for banks. You start"}, {"start": "00:11:51", "end": "00:11:53", "text": "holding these coins for these companies,"}, {"start": "00:11:53", "end": "00:11:54", "text": "and this company says, \"Okay, we're"}, {"start": "00:11:54", "end": "00:11:56", "text": "giving you 10 billion. We'll give you so"}, {"start": "00:11:56", "end": "00:11:59", "text": "and so.\" If cryptocurrency prices then"}, {"start": "00:11:59", "end": "00:12:03", "text": "end up doing a 10, 15, 20x over the"}, {"start": "00:12:03", "end": "00:12:06", "text": "course of a 3, five, 7-year period, will"}, {"start": "00:12:06", "end": "00:12:09", "text": "Ripple then is now holding a trillion"}, {"start": "00:12:09", "end": "00:12:12", "text": "dollars worth of cryptocurrency assets?"}, {"start": "00:12:12", "end": "00:12:14", "text": "The longer they do this and the longer"}, {"start": "00:12:14", "end": "00:12:15", "text": "that it works, other companies go,"}, {"start": "00:12:15", "end": "00:12:17", "text": "\"Well, Ripple's been around for 5 years"}, {"start": "00:12:17", "end": "00:12:19", "text": "doing this. We're going to start using"}, {"start": "00:12:19", "end": "00:12:21", "text": "them.\" More money goes into it, then"}, {"start": "00:12:21", "end": "00:12:22", "text": "eventually you become a company who's"}, {"start": "00:12:22", "end": "00:12:26", "text": "holding $17 trillion worth of assets."}, {"start": "00:12:26", "end": "00:12:27", "text": "The other part has to do with"}, {"start": "00:12:27", "end": "00:12:29", "text": "tokenization. As I've been going over"}, {"start": "00:12:29", "end": "00:12:31", "text": "over and over, tokenization is going to"}, {"start": "00:12:31", "end": "00:12:34", "text": "be huge. This isn't a a small thing."}, {"start": "00:12:34", "end": "00:12:36", "text": "Okay, calm down. This isn't a small"}, {"start": "00:12:36", "end": "00:12:39", "text": "thing that's happening. This is going to"}, {"start": "00:12:39", "end": "00:12:40", "text": "completely"}, {"start": "00:12:40", "end": "00:12:44", "text": "absorb literally the world of finance."}, {"start": "00:12:44", "end": "00:12:47", "text": "Everything of value is going to be"}, {"start": "00:12:47", "end": "00:12:50", "text": "tokenized and put on chain. How do we"}, {"start": "00:12:50", "end": "00:12:52", "text": "know this? Because we've heard from"}, {"start": "00:12:52", "end": "00:12:55", "text": "Black Rockck and Fidelity and every"}, {"start": "00:12:55", "end": "00:12:58", "text": "other company saying that they're"}, {"start": "00:12:58", "end": "00:13:00", "text": "expecting"}, {"start": "00:13:00", "end": "00:13:02", "text": "the current tokenized market is between"}, {"start": "00:13:02", "end": "00:13:05", "text": "2 to4 trillion of assets on chain or"}, {"start": "00:13:05", "end": "00:13:07", "text": "that have been digitized in some form or"}, {"start": "00:13:07", "end": "00:13:11", "text": "fashion. Black Rockck is expecting that"}, {"start": "00:13:11", "end": "00:13:14", "text": "by 2030"}, {"start": "00:13:14", "end": "00:13:17", "text": "2030"}, {"start": "00:13:17", "end": "00:13:21", "text": "there are going to be 100 trillion"}, {"start": "00:13:21", "end": "00:13:26", "text": "yes $100 trillion in tokenized assets on"}, {"start": "00:13:26", "end": "00:13:28", "text": "chain."}, {"start": "00:13:28", "end": "00:13:32", "text": "If XRP is chosen for 3% of that the"}, {"start": "00:13:32", "end": "00:13:36", "text": "valuation of XRP and its chain begin to"}, {"start": "00:13:36", "end": "00:13:38", "text": "skyrocket. the valuation of Ripple as a"}, {"start": "00:13:38", "end": "00:13:41", "text": "company begins to skyrocket. If you have"}, {"start": "00:13:41", "end": "00:13:43", "text": "them, these companies then saying, \"Hey,"}, {"start": "00:13:43", "end": "00:13:46", "text": "we're going to be tokenizing"}, {"start": "00:13:46", "end": "00:13:49", "text": "treasury bills and bonds and real estate"}, {"start": "00:13:49", "end": "00:13:50", "text": "and all these other things we have with"}, {"start": "00:13:50", "end": "00:13:52", "text": "our company. We're going to be putting"}, {"start": "00:13:52", "end": "00:13:55", "text": "it onto the XRP ledger.\" And we find out"}, {"start": "00:13:55", "end": "00:13:58", "text": "that there's $1.3 trillion. So, not only"}, {"start": "00:13:58", "end": "00:14:00", "text": "are they holding it in the treasury"}, {"start": "00:14:00", "end": "00:14:01", "text": "company, but actually on chain. And"}, {"start": "00:14:01", "end": "00:14:03", "text": "Ripple says, \"Okay, we will also custody"}, {"start": "00:14:03", "end": "00:14:05", "text": "the things that are essentially"}, {"start": "00:14:05", "end": "00:14:07", "text": "onchain.\" The valuation of the company"}, {"start": "00:14:07", "end": "00:14:09", "text": "then further continues to skyrocket."}, {"start": "00:14:09", "end": "00:14:11", "text": "This is what all these acquisitions have"}, {"start": "00:14:11", "end": "00:14:13", "text": "been for. They're not random things."}, {"start": "00:14:13", "end": "00:14:15", "text": "They don't just sound cool. We are"}, {"start": "00:14:15", "end": "00:14:18", "text": "moving into a world where these c these"}, {"start": "00:14:18", "end": "00:14:19", "text": "these these companies they want these"}, {"start": "00:14:19", "end": "00:14:21", "text": "custody solutions. They want these"}, {"start": "00:14:21", "end": "00:14:24", "text": "treasury things and Ripple and I think"}, {"start": "00:14:24", "end": "00:14:26", "text": "it's is mainly Ripple and Coinbase right"}, {"start": "00:14:26", "end": "00:14:29", "text": "now who are like winning the bids for a"}, {"start": "00:14:29", "end": "00:14:31", "text": "lot of these things. They purchased G"}, {"start": "00:14:31", "end": "00:14:34", "text": "Treasury for $1 billion."}, {"start": "00:14:34", "end": "00:14:37", "text": "They purchased Hidden Road, which is now"}, {"start": "00:14:37", "end": "00:14:41", "text": "called Ripple Prime, for 1.25 billion."}, {"start": "00:14:41", "end": "00:14:43", "text": "Another company called Rail for 200"}, {"start": "00:14:43", "end": "00:14:46", "text": "million. They purchased Medicico for 250"}, {"start": "00:14:46", "end": "00:14:48", "text": "million. Standard Custody for an"}, {"start": "00:14:48", "end": "00:14:51", "text": "undisclosed amount as well. If you look"}, {"start": "00:14:51", "end": "00:14:54", "text": "at a lot of the uh what's the word? Uh"}, {"start": "00:14:54", "end": "00:14:57", "text": "if you look at the actual process of the"}, {"start": "00:14:57", "end": "00:14:59", "text": "companies going back and forth, the"}, {"start": "00:14:59", "end": "00:15:01", "text": "people who have the money right now are"}, {"start": "00:15:01", "end": "00:15:04", "text": "mainly Ripple and mainly Coinbase who"}, {"start": "00:15:04", "end": "00:15:06", "text": "are like acquiring all of these"}, {"start": "00:15:06", "end": "00:15:10", "text": "companies. Yeah, it's it's um and this"}, {"start": "00:15:10", "end": "00:15:11", "text": "is like what we know about a lot of"}, {"start": "00:15:11", "end": "00:15:14", "text": "these companies also do like major"}, {"start": "00:15:14", "end": "00:15:16", "text": "purchases of like real estate around the"}, {"start": "00:15:16", "end": "00:15:18", "text": "world. If you get a chance, we talked"}, {"start": "00:15:18", "end": "00:15:21", "text": "about it before. uh there are a lot of"}, {"start": "00:15:21", "end": "00:15:24", "text": "like family offices and very wealthy"}, {"start": "00:15:24", "end": "00:15:25", "text": "families and institutions and stuff like"}, {"start": "00:15:25", "end": "00:15:28", "text": "that or just companies who end up buying"}, {"start": "00:15:28", "end": "00:15:32", "text": "like massive portions of cities. So I"}, {"start": "00:15:32", "end": "00:15:33", "text": "mean of course you're hedging everything"}, {"start": "00:15:33", "end": "00:15:36", "text": "that you have. You buy about 15"}, {"start": "00:15:36", "end": "00:15:37", "text": "different companies. You get all the"}, {"start": "00:15:37", "end": "00:15:39", "text": "paperwork that you need and you begin to"}, {"start": "00:15:39", "end": "00:15:41", "text": "you know basically do all these"}, {"start": "00:15:41", "end": "00:15:43", "text": "different other things that you weren't"}, {"start": "00:15:43", "end": "00:15:44", "text": "doing before. But then on the other"}, {"start": "00:15:44", "end": "00:15:47", "text": "side, as a company, many of them will"}, {"start": "00:15:47", "end": "00:15:49", "text": "buy, they'll go, \"Okay, we're going to"}, {"start": "00:15:49", "end": "00:15:52", "text": "buy $35 million worth of gold. We're"}, {"start": "00:15:52", "end": "00:15:53", "text": "going to put, you know, $50 million"}, {"start": "00:15:53", "end": "00:15:55", "text": "worth of real estate into that city and"}, {"start": "00:15:55", "end": "00:15:58", "text": "to that city and brand new projects.\""}, {"start": "00:15:58", "end": "00:16:00", "text": "You basically become so rich that you"}, {"start": "00:16:00", "end": "00:16:03", "text": "can't really become poor. Have you Have"}, {"start": "00:16:03", "end": "00:16:06", "text": "you heard the phrase where like you're"}, {"start": "00:16:06", "end": "00:16:07", "text": "so rich you could throw money out the"}, {"start": "00:16:07", "end": "00:16:09", "text": "window and it would basically fly back"}, {"start": "00:16:09", "end": "00:16:11", "text": "to you and like double? Like that's a"}, {"start": "00:16:11", "end": "00:16:12", "text": "real thing. you kind of get to the point"}, {"start": "00:16:12", "end": "00:16:15", "text": "where your money can literally go"}, {"start": "00:16:15", "end": "00:16:16", "text": "anywhere. So, if you have three projects"}, {"start": "00:16:16", "end": "00:16:18", "text": "that didn't work, guess what? The other"}, {"start": "00:16:18", "end": "00:16:20", "text": "97, they're definitely, you know, making"}, {"start": "00:16:20", "end": "00:16:22", "text": "you money. If at some point, you know,"}, {"start": "00:16:22", "end": "00:16:25", "text": "anyway, you you you get the generalized"}, {"start": "00:16:25", "end": "00:16:30", "text": "uh idea. Forbes now frames Ripple not as"}, {"start": "00:16:30", "end": "00:16:33", "text": "a struggling payment token issuer, which"}, {"start": "00:16:33", "end": "00:16:35", "text": "is insane."}, {"start": "00:16:35", "end": "00:16:37", "text": "This this isn't 2015. They were never a"}, {"start": "00:16:37", "end": "00:16:39", "text": "struggling."}, {"start": "00:16:39", "end": "00:16:42", "text": "Okay. Forbes now frames Ripple not as a"}, {"start": "00:16:42", "end": "00:16:45", "text": "struggling payment token issuer but as a"}, {"start": "00:16:45", "end": "00:16:48", "text": "consolidating financial services"}, {"start": "00:16:48", "end": "00:16:49", "text": "conglomerate."}, {"start": "00:16:49", "end": "00:16:51", "text": "Wow."}, {"start": "00:16:51", "end": "00:16:54", "text": "Industry figures say the difference is"}, {"start": "00:16:54", "end": "00:16:56", "text": "visible. And then they talk about a lot"}, {"start": "00:16:56", "end": "00:16:58", "text": "of it's a very long article. And then I"}, {"start": "00:16:58", "end": "00:17:00", "text": "found the actual Forbes article. If"}, {"start": "00:17:00", "end": "00:17:02", "text": "you're not looking at the screen, it"}, {"start": "00:17:02", "end": "00:17:07", "text": "says inside Ripple's $180 billion"}, {"start": "00:17:07", "end": "00:17:09", "text": "reinvention."}, {"start": "00:17:09", "end": "00:17:11", "text": "Then there's Brad Garlinghouse looking"}, {"start": "00:17:11", "end": "00:17:13", "text": "to the side like being like, \"Yeah, I'm"}, {"start": "00:17:13", "end": "00:17:16", "text": "rich.\" And then the article, you know,"}, {"start": "00:17:16", "end": "00:17:18", "text": "basically goes over all these different"}, {"start": "00:17:18", "end": "00:17:20", "text": "things and how amazing Ripple is and how"}, {"start": "00:17:20", "end": "00:17:23", "text": "XRP is going to change the entire world"}, {"start": "00:17:23", "end": "00:17:25", "text": "and"}, {"start": "00:17:25", "end": "00:17:27", "text": "job."}, {"start": "00:17:27", "end": "00:17:30", "text": "Yeah. What a what a what a difference a"}, {"start": "00:17:30", "end": "00:17:33", "text": "year and and and some months"}, {"start": "00:17:33", "end": "00:17:36", "text": "make. Uh no, Ripple has always been an"}, {"start": "00:17:36", "end": "00:17:38", "text": "amazing company within the space, but"}, {"start": "00:17:38", "end": "00:17:41", "text": "now they're favored and their their"}, {"start": "00:17:41", "end": "00:17:43", "text": "their favoritism has made them a lot of"}, {"start": "00:17:43", "end": "00:17:45", "text": "money and they're very smart. They're"}, {"start": "00:17:45", "end": "00:17:46", "text": "going to push that into multiple"}, {"start": "00:17:46", "end": "00:17:49", "text": "different markets and they they will"}, {"start": "00:17:49", "end": "00:17:52", "text": "remain an industry leader. I I I"}, {"start": "00:17:52", "end": "00:17:54", "text": "don't know if you know that and I know"}, {"start": "00:17:54", "end": "00:17:55", "text": "there are some people I still don't"}, {"start": "00:17:55", "end": "00:17:57", "text": "understand why, but have a great life."}, {"start": "00:17:57", "end": "00:17:59", "text": "uh who just don't like Ripple or who"}, {"start": "00:17:59", "end": "00:18:02", "text": "don't like XRP because of propaganda uh"}, {"start": "00:18:02", "end": "00:18:06", "text": "back from 2016 and 17 what have you uh"}, {"start": "00:18:06", "end": "00:18:09", "text": "no this company is going to do just fine"}, {"start": "00:18:09", "end": "00:18:11", "text": "over the years their acquisitions are"}, {"start": "00:18:11", "end": "00:18:13", "text": "basically setting them up to be an"}, {"start": "00:18:13", "end": "00:18:15", "text": "industry leader forever this isn't like"}, {"start": "00:18:15", "end": "00:18:17", "text": "you know random like they are buying"}, {"start": "00:18:17", "end": "00:18:22", "text": "these companies to set if crypto exists"}, {"start": "00:18:22", "end": "00:18:24", "text": "they will exist that's basically what's"}, {"start": "00:18:24", "end": "00:18:26", "text": "going on as long as crypto is around"}, {"start": "00:18:26", "end": "00:18:27", "text": "they will be making huge huge amounts of"}, {"start": "00:18:27", "end": "00:18:29", "text": "money and these are the acquisitions"}, {"start": "00:18:29", "end": "00:18:31", "text": "that like we're hearing about. There's a"}, {"start": "00:18:31", "end": "00:18:33", "text": "lot of other stuff always happening"}, {"start": "00:18:33", "end": "00:18:35", "text": "behind the scenes. But"}, {"start": "00:18:35", "end": "00:18:38", "text": "yeah, as you might have imagined, this"}, {"start": "00:18:38", "end": "00:18:42", "text": "was incredibly popular news. I expect"}, {"start": "00:18:42", "end": "00:18:45", "text": "Ripple and XRP are going to do amazing"}, {"start": "00:18:45", "end": "00:18:47", "text": "things over the coming years. It just a"}, {"start": "00:18:47", "end": "00:18:52", "text": "matter of uh markets actually reflecting"}, {"start": "00:18:52", "end": "00:18:56", "text": "everything that's going on."}, {"start": "00:18:56", "end": "00:18:59", "text": "I do sincerely hope that you have all"}, {"start": "00:18:59", "end": "00:19:02", "text": "enjoyed. I do hope you all are having a"}, {"start": "00:19:02", "end": "00:19:04", "text": "great day, a great morning, a great"}, {"start": "00:19:04", "end": "00:19:05", "text": "afternoon, a great evening wherever you"}, {"start": "00:19:05", "end": "00:19:08", "text": "are, wherever you might be. I do hope"}, {"start": "00:19:08", "end": "00:19:11", "text": "that it is absolutely fantastic. Thank"}, {"start": "00:19:11", "end": "00:19:13", "text": "you all once again for watching,"}, {"start": "00:19:13", "end": "00:19:15", "text": "listening, liking, commenting, and"}, {"start": "00:19:15", "end": "00:19:18", "text": "supporting. And I will most certainly be"}, {"start": "00:19:18", "end": "00:19:22", "text": "talking to you all soon."}, {"start": "00:19:22", "end": "00:19:26", "text": "See you."}]

[{"start": "00:00:02", "end": "00:00:04", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:10", "text": "Welcome back for another video."}, {"start": "00:00:10", "end": "00:00:12", "text": "Hope you're all doing great. Hope"}, {"start": "00:00:12", "end": "00:00:15", "text": "everyone out there is doing absolutely"}, {"start": "00:00:15", "end": "00:00:18", "text": "fantastic and that you're all having a"}, {"start": "00:00:18", "end": "00:00:22", "text": "wonderful day. Don't forget to subscribe"}, {"start": "00:00:22", "end": "00:00:25", "text": "to the channel if you haven't already"}, {"start": "00:00:25", "end": "00:00:28", "text": "done so. Uh very big thank you to"}, {"start": "00:00:28", "end": "00:00:31", "text": "everyone who leaves a like on the video"}, {"start": "00:00:31", "end": "00:00:36", "text": "as well. And without any further ado,"}, {"start": "00:00:36", "end": "00:00:41", "text": "let's jump right into it. Uh I think"}, {"start": "00:00:41", "end": "00:00:44", "text": "next year, I said it before, um I think"}, {"start": "00:00:44", "end": "00:00:46", "text": "it's going to definitely come true. I"}, {"start": "00:00:46", "end": "00:00:48", "text": "think next year is going to be a little"}, {"start": "00:00:48", "end": "00:00:52", "text": "insane uh for cryptocurrencies, for"}, {"start": "00:00:52", "end": "00:00:55", "text": "asset prices. We've had stuff recently"}, {"start": "00:00:55", "end": "00:00:59", "text": "more about interest rates, the idea of"}, {"start": "00:00:59", "end": "00:01:03", "text": "multiple interest rate cuts uh next year"}, {"start": "00:01:03", "end": "00:01:07", "text": "as well, especially when the head of um"}, {"start": "00:01:07", "end": "00:01:10", "text": "the head of the Fed is gone. A lot of"}, {"start": "00:01:10", "end": "00:01:14", "text": "the I mean the last few months have kind"}, {"start": "00:01:14", "end": "00:01:18", "text": "of we've seen a a dramatic turn in the"}, {"start": "00:01:18", "end": "00:01:20", "text": "discussion of the cryptocurrency market."}, {"start": "00:01:20", "end": "00:01:24", "text": "We've had a sprinkle of a few uh price"}, {"start": "00:01:24", "end": "00:01:26", "text": "predictions, but a large majority of the"}, {"start": "00:01:26", "end": "00:01:29", "text": "things that we've been going over have"}, {"start": "00:01:29", "end": "00:01:31", "text": "particularly"}, {"start": "00:01:31", "end": "00:01:35", "text": "revolved around the idea of staking, the"}, {"start": "00:01:35", "end": "00:01:39", "text": "idea of yield, the idea of stable coins,"}, {"start": "00:01:39", "end": "00:01:42", "text": "and the biggest digital elephant in the"}, {"start": "00:01:42", "end": "00:01:45", "text": "room has been uh tokenization. And that"}, {"start": "00:01:45", "end": "00:01:48", "text": "like I mean it was lightly discussed"}, {"start": "00:01:48", "end": "00:01:51", "text": "years ago but I think everyone has kind"}, {"start": "00:01:51", "end": "00:01:55", "text": "of realized that it is possible. It is a"}, {"start": "00:01:55", "end": "00:01:58", "text": "thing. The idea of digitizing uh real"}, {"start": "00:01:58", "end": "00:02:01", "text": "world assets rwas"}, {"start": "00:02:01", "end": "00:02:04", "text": "onchain in some sort of way providing"}, {"start": "00:02:04", "end": "00:02:06", "text": "yield providing an easy access or more"}, {"start": "00:02:06", "end": "00:02:10", "text": "of a liquid way for people to accumulate"}, {"start": "00:02:10", "end": "00:02:13", "text": "assets like in real time. So, as you"}, {"start": "00:02:13", "end": "00:02:16", "text": "might have imagined, as this is going to"}, {"start": "00:02:16", "end": "00:02:19", "text": "be a thing, it's already slowly kicking"}, {"start": "00:02:19", "end": "00:02:23", "text": "off. Uh, but next year is kind of touted"}, {"start": "00:02:23", "end": "00:02:28", "text": "as the year of stable coins, yield, and"}, {"start": "00:02:28", "end": "00:02:32", "text": "uh, hyper tokenization."}, {"start": "00:02:32", "end": "00:02:37", "text": "Realw world assets on public blockchains"}, {"start": "00:02:37", "end": "00:02:41", "text": "could reach trillions of dollars by the"}, {"start": "00:02:41", "end": "00:02:43", "text": "year 2030."}, {"start": "00:02:43", "end": "00:02:45", "text": "Panelists said during a session"}, {"start": "00:02:45", "end": "00:02:50", "text": "moderated by crypto news in Rio, Brazil."}, {"start": "00:02:50", "end": "00:02:53", "text": "We've heard that a few times. Uh we're"}, {"start": "00:02:53", "end": "00:02:54", "text": "expecting"}, {"start": "00:02:54", "end": "00:02:57", "text": "the stable coin market, but it's always"}, {"start": "00:02:57", "end": "00:03:00", "text": "2030. Everything's 2030. Every single"}, {"start": "00:03:00", "end": "00:03:02", "text": "thing that we keep hearing is always by"}, {"start": "00:03:02", "end": "00:03:04", "text": "2030. I guess it's maybe more of a round"}, {"start": "00:03:04", "end": "00:03:06", "text": "number and 2031"}, {"start": "00:03:06", "end": "00:03:09", "text": "just doesn't sound as exciting."}, {"start": "00:03:09", "end": "00:03:12", "text": "Everything is 2030. It's this idea that"}, {"start": "00:03:12", "end": "00:03:15", "text": "by 2030 the stable coin market is going"}, {"start": "00:03:15", "end": "00:03:20", "text": "to be four, five, 67 trillion US. the"}, {"start": "00:03:20", "end": "00:03:23", "text": "amount of assets that will be tokenized"}, {"start": "00:03:23", "end": "00:03:27", "text": "on chain is going to reach trillions of"}, {"start": "00:03:27", "end": "00:03:29", "text": "dollars because it won't be like a a"}, {"start": "00:03:29", "end": "00:03:33", "text": "steady drip. It's going to be a massive"}, {"start": "00:03:33", "end": "00:03:36", "text": "flood of assets as if you've missed"}, {"start": "00:03:36", "end": "00:03:38", "text": "those videos. Uh this isn't like a you"}, {"start": "00:03:38", "end": "00:03:41", "text": "know one small company or corporation is"}, {"start": "00:03:41", "end": "00:03:43", "text": "talking about this. It's like Black"}, {"start": "00:03:43", "end": "00:03:44", "text": "Rockck and Fidelity and all these other"}, {"start": "00:03:44", "end": "00:03:46", "text": "people who have openly come out and said"}, {"start": "00:03:46", "end": "00:03:49", "text": "no like we're going to be tokenizing."}, {"start": "00:03:49", "end": "00:03:52", "text": "It's just a matter of"}, {"start": "00:03:52", "end": "00:03:56", "text": "which chain at this point. Ethereum is"}, {"start": "00:03:56", "end": "00:03:59", "text": "always touted as like the shoein for"}, {"start": "00:03:59", "end": "00:04:02", "text": "where things are going to happen. Uh"}, {"start": "00:04:02", "end": "00:04:05", "text": "Stellar on the screen recently has been"}, {"start": "00:04:05", "end": "00:04:07", "text": "trying to throw themselves into the"}, {"start": "00:04:07", "end": "00:04:09", "text": "conversation as to like, hey, we're we"}, {"start": "00:04:09", "end": "00:04:12", "text": "also exist. We also can do it. Cardano"}, {"start": "00:04:12", "end": "00:04:13", "text": "has been doing the same since the"}, {"start": "00:04:13", "end": "00:04:16", "text": "beginning of the year. Cardano has been"}, {"start": "00:04:16", "end": "00:04:19", "text": "talking about uh linking up with Bitcoin"}, {"start": "00:04:19", "end": "00:04:22", "text": "and having stable coins run on their"}, {"start": "00:04:22", "end": "00:04:25", "text": "chain or being minted on their chain. Uh"}, {"start": "00:04:25", "end": "00:04:26", "text": "what else is there? There's like one or"}, {"start": "00:04:26", "end": "00:04:28", "text": "two other chains that usually get"}, {"start": "00:04:28", "end": "00:04:34", "text": "mentioned. I do not think that every"}, {"start": "00:04:34", "end": "00:04:36", "text": "asset in the world is going to be on one"}, {"start": "00:04:36", "end": "00:04:40", "text": "chain. So this will probably be a"}, {"start": "00:04:40", "end": "00:04:44", "text": "multiple winner kind of a situation."}, {"start": "00:04:44", "end": "00:04:47", "text": "Speakers from the Stellar Development"}, {"start": "00:04:47", "end": "00:04:49", "text": "Foundation,"}, {"start": "00:04:49", "end": "00:04:53", "text": "Centrifuge and Moody's argue that"}, {"start": "00:04:53", "end": "00:04:55", "text": "tokenization is already moving from"}, {"start": "00:04:55", "end": "00:04:57", "text": "experiments to production and that"}, {"start": "00:04:57", "end": "00:05:01", "text": "institutions waiting five years risk"}, {"start": "00:05:01", "end": "00:05:03", "text": "being left behind. I don't think any"}, {"start": "00:05:03", "end": "00:05:06", "text": "major company, any major company is kind"}, {"start": "00:05:06", "end": "00:05:08", "text": "of on the sidelines at this point. This"}, {"start": "00:05:08", "end": "00:05:12", "text": "is fairly understandable. Most assets"}, {"start": "00:05:12", "end": "00:05:15", "text": "value are in some most already"}, {"start": "00:05:15", "end": "00:05:17", "text": "digitized. They might be digitized on a"}, {"start": "00:05:17", "end": "00:05:20", "text": "stock exchange or on a website,"}, {"start": "00:05:20", "end": "00:05:21", "text": "whatever. You know, it's not that"}, {"start": "00:05:21", "end": "00:05:23", "text": "difficult to understand the digitization"}, {"start": "00:05:23", "end": "00:05:26", "text": "of something, but creating like a token"}, {"start": "00:05:26", "end": "00:05:29", "text": "of its value, I think, for smaller"}, {"start": "00:05:29", "end": "00:05:32", "text": "players is going to be a bit of a a bit"}, {"start": "00:05:32", "end": "00:05:34", "text": "of a doozy, as we've been going over"}, {"start": "00:05:34", "end": "00:05:37", "text": "before, and it's mainly whatever. We're"}, {"start": "00:05:37", "end": "00:05:39", "text": "not going to really get into it. Um,"}, {"start": "00:05:39", "end": "00:05:41", "text": "real world assets"}, {"start": "00:05:41", "end": "00:05:45", "text": "encompass anything originating offchain"}, {"start": "00:05:45", "end": "00:05:49", "text": "and brought onchain. Receivables, funds,"}, {"start": "00:05:49", "end": "00:05:52", "text": "real estate, you name it. Anything that"}, {"start": "00:05:52", "end": "00:05:54", "text": "basically has value,"}, {"start": "00:05:54", "end": "00:05:57", "text": "you will be able to digitize in some"}, {"start": "00:05:57", "end": "00:05:59", "text": "sort of way and then subsequently"}, {"start": "00:05:59", "end": "00:06:01", "text": "fractionalize it so people can also buy"}, {"start": "00:06:01", "end": "00:06:04", "text": "up a portion of it. That's basically the"}, {"start": "00:06:04", "end": "00:06:07", "text": "idea. One of the main functions right"}, {"start": "00:06:07", "end": "00:06:11", "text": "now has been funds, treasury bills,"}, {"start": "00:06:11", "end": "00:06:14", "text": "they're digitizing bonds, like a lot of"}, {"start": "00:06:14", "end": "00:06:17", "text": "uh very stable lack of volatility"}, {"start": "00:06:17", "end": "00:06:18", "text": "government kind of things that people"}, {"start": "00:06:18", "end": "00:06:21", "text": "can wrap their head around. And stocks"}, {"start": "00:06:21", "end": "00:06:24", "text": "are also being tokenized as well. See, I"}, {"start": "00:06:24", "end": "00:06:26", "text": "can't even It's not even digitized. It's"}, {"start": "00:06:26", "end": "00:06:28", "text": "being tokenized made into tokens"}, {"start": "00:06:28", "end": "00:06:31", "text": "individually on chain. That's what's"}, {"start": "00:06:31", "end": "00:06:33", "text": "taking off. And then eventually real"}, {"start": "00:06:33", "end": "00:06:37", "text": "estate and gold watches and art will"}, {"start": "00:06:37", "end": "00:06:40", "text": "kind of be the next level of it. It says"}, {"start": "00:06:40", "end": "00:06:44", "text": "for now the first movers are the boring"}, {"start": "00:06:44", "end": "00:06:47", "text": "but compelling yield products. US"}, {"start": "00:06:47", "end": "00:06:50", "text": "treasuries and highquality funds with"}, {"start": "00:06:50", "end": "00:06:52", "text": "CLLOs,"}, {"start": "00:06:52", "end": "00:06:54", "text": "collateralized loan obligations and"}, {"start": "00:06:54", "end": "00:06:58", "text": "private credit emerging as next wave"}, {"start": "00:06:58", "end": "00:07:00", "text": "candidates. Yeah. basically the things"}, {"start": "00:07:00", "end": "00:07:02", "text": "that people know and have been able to"}, {"start": "00:07:02", "end": "00:07:04", "text": "legally figure out if they can put it"}, {"start": "00:07:04", "end": "00:07:07", "text": "onchain. That's what's moving there"}, {"start": "00:07:07", "end": "00:07:10", "text": "already. Liz Ray, CFO at the Stellar"}, {"start": "00:07:10", "end": "00:07:14", "text": "Foundation, noted the importance of"}, {"start": "00:07:14", "end": "00:07:18", "text": "making previously gated instruments"}, {"start": "00:07:18", "end": "00:07:20", "text": "widely available in small amounts. As"}, {"start": "00:07:20", "end": "00:07:22", "text": "we've been going over, I told you this"}, {"start": "00:07:22", "end": "00:07:25", "text": "is the future of owning assets. The idea"}, {"start": "00:07:25", "end": "00:07:27", "text": "of owning"}, {"start": "00:07:27", "end": "00:07:29", "text": "your own home"}, {"start": "00:07:29", "end": "00:07:33", "text": "will be a thing of the past. It's not a"}, {"start": "00:07:33", "end": "00:07:35", "text": "joke. This isn't like a, oh, he's making"}, {"start": "00:07:35", "end": "00:07:37", "text": "stuff up. No, no, no, no, no, no, no."}, {"start": "00:07:37", "end": "00:07:40", "text": "Every major asset will be gone. It will"}, {"start": "00:07:40", "end": "00:07:43", "text": "be in the hands of rich people and of"}, {"start": "00:07:43", "end": "00:07:47", "text": "institutions. The idea in the the the"}, {"start": "00:07:47", "end": "00:07:51", "text": "importance of making previously gated"}, {"start": "00:07:51", "end": "00:07:54", "text": "instruments"}, {"start": "00:07:54", "end": "00:07:57", "text": "widely available in small amounts is the"}, {"start": "00:07:57", "end": "00:08:01", "text": "idea of well you can't afford a home."}, {"start": "00:08:01", "end": "00:08:05", "text": "Therefore on chain you can buy 1,000th"}, {"start": "00:08:05", "end": "00:08:08", "text": "of a house."}, {"start": "00:08:08", "end": "00:08:10", "text": "That's what it is. It's basically making"}, {"start": "00:08:10", "end": "00:08:14", "text": "so that other assets can be"}, {"start": "00:08:14", "end": "00:08:16", "text": "fractionalized and therefore other"}, {"start": "00:08:16", "end": "00:08:20", "text": "people then can say, \"Hey, I I own I own"}, {"start": "00:08:20", "end": "00:08:22", "text": "3% of of a house in New York.\" And you"}, {"start": "00:08:22", "end": "00:08:25", "text": "go, \"Wow, you're a real estate owner.\""}, {"start": "00:08:25", "end": "00:08:28", "text": "That's why I told you be we we we've"}, {"start": "00:08:28", "end": "00:08:29", "text": "gone over this thousands and thousands"}, {"start": "00:08:29", "end": "00:08:31", "text": "and thousands and thousands and"}, {"start": "00:08:31", "end": "00:08:34", "text": "thousands and thousands of times."}, {"start": "00:08:34", "end": "00:08:38", "text": "Uh that shift she she said is the real"}, {"start": "00:08:38", "end": "00:08:41", "text": "power of DeFi distribution"}, {"start": "00:08:41", "end": "00:08:44", "text": "institutions are already piloting"}, {"start": "00:08:44", "end": "00:08:46", "text": "digital twins of funds and deposits."}, {"start": "00:08:46", "end": "00:08:49", "text": "Panelists said citing activity from"}, {"start": "00:08:49", "end": "00:08:53", "text": "BlackRock, Fidelity, Franklin Templeton"}, {"start": "00:08:53", "end": "00:08:55", "text": "and Goldman Sachs. We heard about them"}, {"start": "00:08:55", "end": "00:08:58", "text": "around August. So we always knew that"}, {"start": "00:08:58", "end": "00:09:01", "text": "they were in crypto, but the idea of"}, {"start": "00:09:01", "end": "00:09:03", "text": "DeFi and tokenizing assets is like"}, {"start": "00:09:03", "end": "00:09:06", "text": "really big. So it also even extends even"}, {"start": "00:09:06", "end": "00:09:10", "text": "further with the idea of like using the"}, {"start": "00:09:10", "end": "00:09:13", "text": "the fractionalized things that you have"}, {"start": "00:09:13", "end": "00:09:16", "text": "like on DeFi platforms."}, {"start": "00:09:16", "end": "00:09:20", "text": "So, let's say there's a place that takes"}, {"start": "00:09:20", "end": "00:09:24", "text": "real estate tokens and stock so and so"}, {"start": "00:09:24", "end": "00:09:27", "text": "as collateral for like a DeFi yield"}, {"start": "00:09:27", "end": "00:09:29", "text": "product out there. You would be able to"}, {"start": "00:09:29", "end": "00:09:31", "text": "like actually use the thing from that"}, {"start": "00:09:31", "end": "00:09:33", "text": "that you got before from the DeFi thing"}, {"start": "00:09:33", "end": "00:09:36", "text": "inside of another protocol"}, {"start": "00:09:36", "end": "00:09:38", "text": "all just on chain."}, {"start": "00:09:38", "end": "00:09:41", "text": "But then you have to remember that all"}, {"start": "00:09:41", "end": "00:09:43", "text": "the assets especially in this way are"}, {"start": "00:09:43", "end": "00:09:46", "text": "going to be also amassed and purchased"}, {"start": "00:09:46", "end": "00:09:48", "text": "by the richest people on the planet."}, {"start": "00:09:48", "end": "00:09:51", "text": "There's a huge portion of this world of"}, {"start": "00:09:51", "end": "00:09:53", "text": "people who are just not paying attention"}, {"start": "00:09:53", "end": "00:09:55", "text": "and it is really disappointing because"}, {"start": "00:09:55", "end": "00:09:58", "text": "it's always this way. A lot of people"}, {"start": "00:09:58", "end": "00:10:00", "text": "let these things slip by them and this"}, {"start": "00:10:00", "end": "00:10:02", "text": "is going to be no different. It's it's"}, {"start": "00:10:02", "end": "00:10:06", "text": "going to be just more dramatic and also"}, {"start": "00:10:06", "end": "00:10:07", "text": "in silence. It is all going to be on"}, {"start": "00:10:07", "end": "00:10:10", "text": "chain. You won't see people walking"}, {"start": "00:10:10", "end": "00:10:12", "text": "around the streets, you know, carrying"}, {"start": "00:10:12", "end": "00:10:15", "text": "keys or carrying pieces of paper. I own"}, {"start": "00:10:15", "end": "00:10:18", "text": "these assets. It's all going to happen"}, {"start": "00:10:18", "end": "00:10:21", "text": "um digitally. The shortrun driver is"}, {"start": "00:10:21", "end": "00:10:24", "text": "simple. New onchain liquidity, hungry"}, {"start": "00:10:24", "end": "00:10:27", "text": "for real world asset yield. It's always"}, {"start": "00:10:27", "end": "00:10:29", "text": "yield. Everything now is yield."}, {"start": "00:10:29", "end": "00:10:30", "text": "Everything we've been talking about in"}, {"start": "00:10:30", "end": "00:10:33", "text": "crypto has to do with putting assets on"}, {"start": "00:10:33", "end": "00:10:36", "text": "chain, making money from it. the assets"}, {"start": "00:10:36", "end": "00:10:39", "text": "already on chain, make money from it."}, {"start": "00:10:39", "end": "00:10:41", "text": "This thing that's on top of this thing,"}, {"start": "00:10:41", "end": "00:10:44", "text": "digitize it and make yield from it. This"}, {"start": "00:10:44", "end": "00:10:47", "text": "is going to create a very"}, {"start": "00:10:47", "end": "00:10:50", "text": "simplified, complex system for people"}, {"start": "00:10:50", "end": "00:10:53", "text": "who are holding assets to get even"}, {"start": "00:10:53", "end": "00:10:56", "text": "richer than they previously were in a"}, {"start": "00:10:56", "end": "00:10:59", "text": "very short period of time. And a lot of"}, {"start": "00:10:59", "end": "00:11:01", "text": "people within crypto still aren't paying"}, {"start": "00:11:01", "end": "00:11:05", "text": "attention to it. So, that's going to be"}, {"start": "00:11:05", "end": "00:11:07", "text": "uh interesting. Yeah, this is a rather"}, {"start": "00:11:07", "end": "00:11:10", "text": "long article. It keeps going and going"}, {"start": "00:11:10", "end": "00:11:12", "text": "and going and they talk about the future"}, {"start": "00:11:12", "end": "00:11:14", "text": "and how much money is going to be there"}, {"start": "00:11:14", "end": "00:11:16", "text": "and this thing is going to be digitized."}, {"start": "00:11:16", "end": "00:11:19", "text": "And yeah, never forget how early you are"}, {"start": "00:11:19", "end": "00:11:21", "text": "in this market because it's only going"}, {"start": "00:11:21", "end": "00:11:23", "text": "to get crazier if all these rumors and"}, {"start": "00:11:23", "end": "00:11:25", "text": "ideas"}, {"start": "00:11:25", "end": "00:11:29", "text": "are true and prices continue essentially"}, {"start": "00:11:29", "end": "00:11:32", "text": "essentially going up forever as we've"}, {"start": "00:11:32", "end": "00:11:33", "text": "been told. You know, we keep getting"}, {"start": "00:11:33", "end": "00:11:37", "text": "2026, 2030, 2032,"}, {"start": "00:11:37", "end": "00:11:39", "text": "then this is going to take off like"}, {"start": "00:11:39", "end": "00:11:43", "text": "wildfire. So yeah, every day is more"}, {"start": "00:11:43", "end": "00:11:46", "text": "news about yields and staking and"}, {"start": "00:11:46", "end": "00:11:48", "text": "putting this digital and this so and so."}, {"start": "00:11:48", "end": "00:11:51", "text": "So hope everyone's paying attention."}, {"start": "00:11:51", "end": "00:11:57", "text": "That's the tokenization news. And yeah,"}, {"start": "00:11:57", "end": "00:12:01", "text": "let's move on."}, {"start": "00:12:01", "end": "00:12:04", "text": "Also in cool,"}, {"start": "00:12:04", "end": "00:12:06", "text": "Thailand"}, {"start": "00:12:06", "end": "00:12:09", "text": "is apparently preparing to widen its"}, {"start": "00:12:09", "end": "00:12:12", "text": "cryptocurrency exchange traded fund"}, {"start": "00:12:12", "end": "00:12:16", "text": "offerings, moving beyond Bitcoin to"}, {"start": "00:12:16", "end": "00:12:18", "text": "include a basket of digital tokens as"}, {"start": "00:12:18", "end": "00:12:20", "text": "regulators seek to strengthen the"}, {"start": "00:12:20", "end": "00:12:23", "text": "country's position as a regional crypto"}, {"start": "00:12:23", "end": "00:12:26", "text": "hub. There were I assume Thailand was"}, {"start": "00:12:26", "end": "00:12:28", "text": "one of them. I don't remember. Years"}, {"start": "00:12:28", "end": "00:12:31", "text": "ago, there were a lot of countries who"}, {"start": "00:12:31", "end": "00:12:34", "text": "kind of"}, {"start": "00:12:34", "end": "00:12:37", "text": "there's a very weird thin line. They"}, {"start": "00:12:37", "end": "00:12:40", "text": "either chose Bitcoin and Ethereum alone"}, {"start": "00:12:40", "end": "00:12:43", "text": "as like the legal coins in their"}, {"start": "00:12:43", "end": "00:12:45", "text": "countries or they banned them all"}, {"start": "00:12:45", "end": "00:12:47", "text": "together. There were a lot of countries"}, {"start": "00:12:47", "end": "00:12:49", "text": "in Southeast Asia and also in Africa, I"}, {"start": "00:12:49", "end": "00:12:51", "text": "think none in Latin America that I can"}, {"start": "00:12:51", "end": "00:12:54", "text": "remember who all announced that a they"}, {"start": "00:12:54", "end": "00:12:56", "text": "were either banning Bitcoin and crypto"}, {"start": "00:12:56", "end": "00:12:58", "text": "and no one could use it and it's evil"}, {"start": "00:12:58", "end": "00:13:01", "text": "and awful and horrible or they said"}, {"start": "00:13:01", "end": "00:13:04", "text": "we're going to look at the coins and"}, {"start": "00:13:04", "end": "00:13:06", "text": "figure out which ones are actually legal"}, {"start": "00:13:06", "end": "00:13:09", "text": "within our country. That was the if you"}, {"start": "00:13:09", "end": "00:13:10", "text": "were here years ago, we used to have"}, {"start": "00:13:10", "end": "00:13:13", "text": "like really, you know, it was deemed"}, {"start": "00:13:13", "end": "00:13:17", "text": "exciting news when we heard South Korea"}, {"start": "00:13:17", "end": "00:13:20", "text": "has just allowed two more coins within"}, {"start": "00:13:20", "end": "00:13:23", "text": "their borders. Japan now is allowing six"}, {"start": "00:13:23", "end": "00:13:26", "text": "coins."}, {"start": "00:13:26", "end": "00:13:28", "text": "It sounds crazy, but this is how the a"}, {"start": "00:13:28", "end": "00:13:30", "text": "lot of the market used to actually be."}, {"start": "00:13:30", "end": "00:13:32", "text": "So the same exact thing for Bitcoin"}, {"start": "00:13:32", "end": "00:13:36", "text": "ETFs, crypto ETFs. A lot of countries"}, {"start": "00:13:36", "end": "00:13:38", "text": "mainly"}, {"start": "00:13:38", "end": "00:13:41", "text": "focused on Bitcoin and Ethereum. These"}, {"start": "00:13:41", "end": "00:13:43", "text": "two coins have the most liquidity."}, {"start": "00:13:43", "end": "00:13:46", "text": "Therefore, they can get the ETFs."}, {"start": "00:13:46", "end": "00:13:47", "text": "Therefore, everyone is moving a little"}, {"start": "00:13:47", "end": "00:13:49", "text": "bit further in another direction now"}, {"start": "00:13:49", "end": "00:13:52", "text": "because they have slowly realized or"}, {"start": "00:13:52", "end": "00:13:54", "text": "maybe suddenly that crypto is not that"}, {"start": "00:13:54", "end": "00:13:57", "text": "scary. There are a lot of other coins"}, {"start": "00:13:57", "end": "00:14:00", "text": "that are part of the forever narrative"}, {"start": "00:14:00", "end": "00:14:04", "text": "as well. There are about seven to 10"}, {"start": "00:14:04", "end": "00:14:05", "text": "coins"}, {"start": "00:14:05", "end": "00:14:07", "text": "that people kind of point at and say"}, {"start": "00:14:07", "end": "00:14:10", "text": "like this coin's going to go a lot"}, {"start": "00:14:10", "end": "00:14:11", "text": "higher. This coin is going to be used"}, {"start": "00:14:11", "end": "00:14:14", "text": "for this. This will happen on chain for"}, {"start": "00:14:14", "end": "00:14:16", "text": "that. So, you got to start throwing"}, {"start": "00:14:16", "end": "00:14:18", "text": "money at the other winners as well. The"}, {"start": "00:14:18", "end": "00:14:22", "text": "Thai SEC is drafting new rules in"}, {"start": "00:14:22", "end": "00:14:25", "text": "coordination with other agencies aiming"}, {"start": "00:14:25", "end": "00:14:28", "text": "for a roll out early next year."}, {"start": "00:14:28", "end": "00:14:30", "text": "Bloomberg reported on Thursday. Local"}, {"start": "00:14:30", "end": "00:14:33", "text": "mutual funds and institutional investors"}, {"start": "00:14:33", "end": "00:14:36", "text": "are expected to offer the products once"}, {"start": "00:14:36", "end": "00:14:39", "text": "approvals arrive in place. The SEC"}, {"start": "00:14:39", "end": "00:14:42", "text": "secretary general reportedly confirmed"}, {"start": "00:14:42", "end": "00:14:44", "text": "the agency aims to expand the range of"}, {"start": "00:14:44", "end": "00:14:49", "text": "crypto assets included in their ETFs."}, {"start": "00:14:49", "end": "00:14:52", "text": "The regulatory push comes at a time when"}, {"start": "00:14:52", "end": "00:14:54", "text": "Thailand's stock market fell by 7% this"}, {"start": "00:14:54", "end": "00:14:57", "text": "year. This is also and I don't really"}, {"start": "00:14:57", "end": "00:15:00", "text": "Okay. Uh their the stock market fell."}, {"start": "00:15:00", "end": "00:15:02", "text": "Got it. It says and younger investors"}, {"start": "00:15:02", "end": "00:15:04", "text": "are increasingly drawn to digital"}, {"start": "00:15:04", "end": "00:15:06", "text": "assets. This is often used as a"}, {"start": "00:15:06", "end": "00:15:08", "text": "narrative and I don't really agree with"}, {"start": "00:15:08", "end": "00:15:10", "text": "it. It's always this kind of thing that"}, {"start": "00:15:10", "end": "00:15:13", "text": "well the only reason why this country is"}, {"start": "00:15:13", "end": "00:15:15", "text": "now allowing crypto within their borders"}, {"start": "00:15:15", "end": "00:15:19", "text": "is because their stock market's falling"}, {"start": "00:15:19", "end": "00:15:20", "text": "and they're like oh no we need something"}, {"start": "00:15:20", "end": "00:15:23", "text": "else. No, that's not that's not ever"}, {"start": "00:15:23", "end": "00:15:25", "text": "actually the answer. These people"}, {"start": "00:15:25", "end": "00:15:28", "text": "couldn't actually care less about"}, {"start": "00:15:28", "end": "00:15:29", "text": "crypto. What it is is that they're"}, {"start": "00:15:29", "end": "00:15:31", "text": "seeing everyone else get into the market"}, {"start": "00:15:31", "end": "00:15:33", "text": "and they see how much money there is to"}, {"start": "00:15:33", "end": "00:15:37", "text": "be made. The idea of well, younger"}, {"start": "00:15:37", "end": "00:15:39", "text": "investors like it, they also the people"}, {"start": "00:15:39", "end": "00:15:42", "text": "in power don't care what young people"}, {"start": "00:15:42", "end": "00:15:44", "text": "want. It's just that there is a lot of"}, {"start": "00:15:44", "end": "00:15:46", "text": "money to be made and they assume that"}, {"start": "00:15:46", "end": "00:15:48", "text": "younger people into crypto the the"}, {"start": "00:15:48", "end": "00:15:52", "text": "normal demographic ranges anywhere from"}, {"start": "00:15:52", "end": "00:15:55", "text": "very early 20s until late 30s as to the"}, {"start": "00:15:55", "end": "00:15:57", "text": "people who are most into crypto. Of"}, {"start": "00:15:57", "end": "00:15:59", "text": "course, there are people in their 40s,"}, {"start": "00:15:59", "end": "00:16:01", "text": "50s, 60s, and 70s into crypto, but the"}, {"start": "00:16:01", "end": "00:16:04", "text": "largest percentage tends to be younger"}, {"start": "00:16:04", "end": "00:16:08", "text": "people air quoting there. And therefore,"}, {"start": "00:16:08", "end": "00:16:11", "text": "as their life expectancy is expected to"}, {"start": "00:16:11", "end": "00:16:13", "text": "increase, if they're into crypto, this"}, {"start": "00:16:13", "end": "00:16:14", "text": "means that they're going to be"}, {"start": "00:16:14", "end": "00:16:17", "text": "interested into crypto for a while. So,"}, {"start": "00:16:17", "end": "00:16:18", "text": "these countries are like, \"Okay, this is"}, {"start": "00:16:18", "end": "00:16:20", "text": "the trend. We got to make sure that we"}, {"start": "00:16:20", "end": "00:16:22", "text": "also follow the money cuz if the prices"}, {"start": "00:16:22", "end": "00:16:24", "text": "of these things continue to go up and we"}, {"start": "00:16:24", "end": "00:16:27", "text": "don't integrate it, we don't accept it,"}, {"start": "00:16:27", "end": "00:16:30", "text": "we don't use it, we don't allow these"}, {"start": "00:16:30", "end": "00:16:32", "text": "products, they will simply go other"}, {"start": "00:16:32", "end": "00:16:34", "text": "places to get access to the things that"}, {"start": "00:16:34", "end": "00:16:35", "text": "they want."}, {"start": "00:16:35", "end": "00:16:37", "text": "There's always this really weird is the"}, {"start": "00:16:37", "end": "00:16:39", "text": "same exact thing like when a company"}, {"start": "00:16:39", "end": "00:16:41", "text": "announces that they're getting into"}, {"start": "00:16:41", "end": "00:16:43", "text": "crypto or allowing a product or"}, {"start": "00:16:43", "end": "00:16:45", "text": "something. We're doing this for the sake"}, {"start": "00:16:45", "end": "00:16:46", "text": "of our clients. We understand that"}, {"start": "00:16:46", "end": "00:16:48", "text": "they're looking for a safe and easy No,"}, {"start": "00:16:48", "end": "00:16:50", "text": "they're doing it because they they saw"}, {"start": "00:16:50", "end": "00:16:52", "text": "the company across the street make 1.3"}, {"start": "00:16:52", "end": "00:16:55", "text": "billion in profits and they went, \"Oh,"}, {"start": "00:16:55", "end": "00:16:58", "text": "that's what it's for.\" Same exact thing"}, {"start": "00:16:58", "end": "00:16:59", "text": "when you hear all these countries and"}, {"start": "00:16:59", "end": "00:17:02", "text": "these states, you can now pay for your"}, {"start": "00:17:02", "end": "00:17:05", "text": "taxes in crypto. You know, the the the"}, {"start": "00:17:05", "end": "00:17:06", "text": "things that you don't like to do, guess"}, {"start": "00:17:06", "end": "00:17:08", "text": "what? You can pay you can now pay that"}, {"start": "00:17:08", "end": "00:17:09", "text": "in crypto. They're they're looking for"}, {"start": "00:17:09", "end": "00:17:12", "text": "ways to basically absorb money. And this"}, {"start": "00:17:12", "end": "00:17:16", "text": "is this is the new market. So it has"}, {"start": "00:17:16", "end": "00:17:18", "text": "nothing to do with younger investors. It"}, {"start": "00:17:18", "end": "00:17:20", "text": "has nothing to do oh no, our stock"}, {"start": "00:17:20", "end": "00:17:22", "text": "market's down. Oh well, got to accept a"}, {"start": "00:17:22", "end": "00:17:26", "text": "new system. No, it's the idea of"}, {"start": "00:17:26", "end": "00:17:28", "text": "tokenization"}, {"start": "00:17:28", "end": "00:17:30", "text": "being worth trillions"}, {"start": "00:17:30", "end": "00:17:33", "text": "in 4 and 1/2 years. It's the stable coin"}, {"start": "00:17:33", "end": "00:17:36", "text": "market being worth trillions in four and"}, {"start": "00:17:36", "end": "00:17:39", "text": "a half years. It's the idea of Bitcoin"}, {"start": "00:17:39", "end": "00:17:43", "text": "going to a million dollar per coin"}, {"start": "00:17:43", "end": "00:17:45", "text": "in four and a half years. It's always"}, {"start": "00:17:45", "end": "00:17:48", "text": "looking forward in the money. And now"}, {"start": "00:17:48", "end": "00:17:50", "text": "other countries who once and once I"}, {"start": "00:17:50", "end": "00:17:52", "text": "don't think it was Thailand, but other"}, {"start": "00:17:52", "end": "00:17:55", "text": "countries who did shy away from crypto"}, {"start": "00:17:55", "end": "00:17:58", "text": "or crypto is evil, it's bad. They're now"}, {"start": "00:17:58", "end": "00:17:59", "text": "like, \"Oh yeah, there's money to be"}, {"start": "00:17:59", "end": "00:18:01", "text": "made. Let's start accepting all this"}, {"start": "00:18:01", "end": "00:18:02", "text": "stuff. Let's make rules and"}, {"start": "00:18:02", "end": "00:18:04", "text": "regulations.\" That's how it always"}, {"start": "00:18:04", "end": "00:18:08", "text": "works. Yeah, cool. This was lightly"}, {"start": "00:18:08", "end": "00:18:10", "text": "popular news, which I was slightly"}, {"start": "00:18:10", "end": "00:18:11", "text": "surprised at. And because it has to do"}, {"start": "00:18:11", "end": "00:18:15", "text": "with Thailand, we normally do not"}, {"start": "00:18:15", "end": "00:18:18", "text": "have Thailand cryptocurrency news. So,"}, {"start": "00:18:18", "end": "00:18:20", "text": "the fact that I saw this on multiple"}, {"start": "00:18:20", "end": "00:18:21", "text": "websites, I was like, okay, you know,"}, {"start": "00:18:21", "end": "00:18:24", "text": "that's that's definitely something"}, {"start": "00:18:24", "end": "00:18:27", "text": "different. Yes, the market continues to"}, {"start": "00:18:27", "end": "00:18:31", "text": "grow, expand, mature as it were as uh"}, {"start": "00:18:31", "end": "00:18:33", "text": "the expectations of the amount of money"}, {"start": "00:18:33", "end": "00:18:35", "text": "that are going to be flowing into this"}, {"start": "00:18:35", "end": "00:18:38", "text": "space only increase. Probably going to"}, {"start": "00:18:38", "end": "00:18:40", "text": "get a lot more news like this as well. I"}, {"start": "00:18:40", "end": "00:18:41", "text": "mean, we've been getting a lot from the"}, {"start": "00:18:41", "end": "00:18:43", "text": "states as well, like like the individual"}, {"start": "00:18:43", "end": "00:18:46", "text": "states within the states all announcing"}, {"start": "00:18:46", "end": "00:18:47", "text": "like, \"Hey, rules and regulations, we"}, {"start": "00:18:47", "end": "00:18:48", "text": "got it. This is happening. You can do"}, {"start": "00:18:48", "end": "00:18:50", "text": "this."}, {"start": "00:18:50", "end": "00:18:52", "text": "It's all just about money and all the"}, {"start": "00:18:52", "end": "00:18:55", "text": "money that they see or perceive will be"}, {"start": "00:18:55", "end": "00:18:57", "text": "flowing into the market in 2026 and"}, {"start": "00:18:57", "end": "00:18:59", "text": "beyond."}, {"start": "00:18:59", "end": "00:19:00", "text": "I think that's going to do it for this"}, {"start": "00:19:00", "end": "00:19:03", "text": "video everyone. I do hope that you've"}, {"start": "00:19:03", "end": "00:19:04", "text": "all enjoyed. I do hope you all are"}, {"start": "00:19:04", "end": "00:19:07", "text": "having a great day, morning, afternoon,"}, {"start": "00:19:07", "end": "00:19:08", "text": "evening, wherever you are, wherever you"}, {"start": "00:19:08", "end": "00:19:10", "text": "might be. I do hope that it is"}, {"start": "00:19:10", "end": "00:19:13", "text": "absolutely fantastic. Thank you all once"}, {"start": "00:19:13", "end": "00:19:15", "text": "again for watching, listening, liking,"}, {"start": "00:19:15", "end": "00:19:19", "text": "commenting, and supporting. and I will"}, {"start": "00:19:19", "end": "00:19:21", "text": "most certainly be talking to you all"}, {"start": "00:19:21", "end": "00:19:23", "text": "soon."}, {"start": "00:19:23", "end": "00:19:27", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:09", "text": "Welcome back for another video. Welcome"}, {"start": "00:00:09", "end": "00:00:12", "text": "back to the channel. I hope you're all"}, {"start": "00:00:12", "end": "00:00:14", "text": "doing well. I hope everyone out there is"}, {"start": "00:00:14", "end": "00:00:17", "text": "having a great, fantastic,"}, {"start": "00:00:17", "end": "00:00:23", "text": "amazingly stupendous day. Do not forget"}, {"start": "00:00:23", "end": "00:00:26", "text": "to leave a like on the video. It helps"}, {"start": "00:00:26", "end": "00:00:31", "text": "out the channel a lot. It is a free"}, {"start": "00:00:31", "end": "00:00:33", "text": "and easy. I could have held that E for a"}, {"start": "00:00:33", "end": "00:00:36", "text": "lot longer and I was like, let me not uh"}, {"start": "00:00:36", "end": "00:00:38", "text": "free and easy way to support the"}, {"start": "00:00:38", "end": "00:00:40", "text": "channel. Very big thank you to everyone"}, {"start": "00:00:40", "end": "00:00:44", "text": "who leaves a comment as well. And"}, {"start": "00:00:44", "end": "00:00:46", "text": "without any further ado, let's jump"}, {"start": "00:00:46", "end": "00:00:50", "text": "right into it. Yeah, welcome back to the"}, {"start": "00:00:50", "end": "00:00:53", "text": "cryptocurrency space where things"}, {"start": "00:00:53", "end": "00:00:55", "text": "continue to happen every single day"}, {"start": "00:00:55", "end": "00:00:58", "text": "because that's how markets typically"}, {"start": "00:00:58", "end": "00:01:00", "text": "work. There's always there's always"}, {"start": "00:01:00", "end": "00:01:04", "text": "something going on. Um,"}, {"start": "00:01:04", "end": "00:01:07", "text": "we have had for the last couple of weeks"}, {"start": "00:01:07", "end": "00:01:09", "text": "as we've been going over, there's a"}, {"start": "00:01:09", "end": "00:01:12", "text": "brand new narrative and it starts with"}, {"start": "00:01:12", "end": "00:01:16", "text": "the letter S or the letter Y depends on"}, {"start": "00:01:16", "end": "00:01:18", "text": "let's say S and Y depending on which"}, {"start": "00:01:18", "end": "00:01:22", "text": "word you want to use. Staking or or"}, {"start": "00:01:22", "end": "00:01:25", "text": "yield that that thing. Uh we're"}, {"start": "00:01:25", "end": "00:01:28", "text": "basically out of nowhere, every company"}, {"start": "00:01:28", "end": "00:01:32", "text": "in this cryptocurrency market has begun"}, {"start": "00:01:32", "end": "00:01:34", "text": "to announce that they are going to be"}, {"start": "00:01:34", "end": "00:01:36", "text": "staking their coins. They want to stake"}, {"start": "00:01:36", "end": "00:01:37", "text": "their ETFs. They want to stake this."}, {"start": "00:01:37", "end": "00:01:40", "text": "They want to create a yield for that"}, {"start": "00:01:40", "end": "00:01:42", "text": "product."}, {"start": "00:01:42", "end": "00:01:44", "text": "And today is seemingly no different."}, {"start": "00:01:44", "end": "00:01:47", "text": "We've been hearing about this for some"}, {"start": "00:01:47", "end": "00:01:50", "text": "time and it's finally here and it's"}, {"start": "00:01:50", "end": "00:01:52", "text": "going"}, {"start": "00:01:52", "end": "00:01:55", "text": "to change the entire landscape of this"}, {"start": "00:01:55", "end": "00:01:58", "text": "market and how people make"}, {"start": "00:01:58", "end": "00:02:00", "text": "money."}, {"start": "00:02:00", "end": "00:02:03", "text": "Crypto asset manager they are called"}, {"start": "00:02:03", "end": "00:02:06", "text": "Grayscale"}, {"start": "00:02:06", "end": "00:02:10", "text": "has introduced staking yeah for their"}, {"start": "00:02:10", "end": "00:02:12", "text": "exchange"}, {"start": "00:02:12", "end": "00:02:13", "text": "products"}, {"start": "00:02:13", "end": "00:02:16", "text": "becoming the first US-based crypto fund"}, {"start": "00:02:16", "end": "00:02:19", "text": "issuer to offer stakingbased"}, {"start": "00:02:19", "end": "00:02:22", "text": "income opportunities."}, {"start": "00:02:22", "end": "00:02:24", "text": "Yeah, this was something we started"}, {"start": "00:02:24", "end": "00:02:27", "text": "hearing about in February. I want to say"}, {"start": "00:02:27", "end": "00:02:30", "text": "February feels correct."}, {"start": "00:02:30", "end": "00:02:34", "text": "Grayscale, Black Rockck, and Fidelity"}, {"start": "00:02:34", "end": "00:02:36", "text": "all came forward announcing that they"}, {"start": "00:02:36", "end": "00:02:39", "text": "wanted to basically"}, {"start": "00:02:39", "end": "00:02:42", "text": "add the word staking to their paperwork."}, {"start": "00:02:42", "end": "00:02:44", "text": "Like nothing nothing else really. They"}, {"start": "00:02:44", "end": "00:02:46", "text": "wanted to basically the coins that"}, {"start": "00:02:46", "end": "00:02:49", "text": "they're holding custodying on behalf of"}, {"start": "00:02:49", "end": "00:02:52", "text": "the ETF purchasers. They basically"}, {"start": "00:02:52", "end": "00:02:55", "text": "wanted to add the word uh staking to it."}, {"start": "00:02:55", "end": "00:02:58", "text": "if they were holding a coin that could"}, {"start": "00:02:58", "end": "00:03:01", "text": "be staked, they wanted to stake it. This"}, {"start": "00:03:01", "end": "00:03:06", "text": "would in turn then give uh the ETF"}, {"start": "00:03:06", "end": "00:03:07", "text": "shareholders"}, {"start": "00:03:07", "end": "00:03:10", "text": "passive income. If you are holding Ether"}, {"start": "00:03:10", "end": "00:03:12", "text": "directly yourself on your computer, on"}, {"start": "00:03:12", "end": "00:03:16", "text": "your phone, and you stake it, you make"}, {"start": "00:03:16", "end": "00:03:18", "text": "yield, you make passive income from it."}, {"start": "00:03:18", "end": "00:03:21", "text": "So, the uh ETF issuers were like, \"We"}, {"start": "00:03:21", "end": "00:03:23", "text": "want to do the same.\" And for some"}, {"start": "00:03:23", "end": "00:03:26", "text": "reason it took almost a year to be able"}, {"start": "00:03:26", "end": "00:03:29", "text": "to get the the rule change. I mean at"}, {"start": "00:03:29", "end": "00:03:33", "text": "least listen less than a year is a lot"}, {"start": "00:03:33", "end": "00:03:37", "text": "better than like 15 years with the"}, {"start": "00:03:37", "end": "00:03:40", "text": "previous heads of the SEC. So you know"}, {"start": "00:03:40", "end": "00:03:43", "text": "silver lining and all that. Gayscale"}, {"start": "00:03:43", "end": "00:03:48", "text": "said on Monday it's Ether ETFs with an"}, {"start": "00:03:48", "end": "00:03:53", "text": "S. The Grayscale Ethereum Mini Trust ETF"}, {"start": "00:03:53", "end": "00:03:58", "text": "and the Grayscale Ethereum Trust ETF ETH"}, {"start": "00:03:58", "end": "00:04:02", "text": "are now the first USlisted spot crypto"}, {"start": "00:04:02", "end": "00:04:05", "text": "funds to offer staking calling the"}, {"start": "00:04:05", "end": "00:04:08", "text": "development another first mover"}, {"start": "00:04:08", "end": "00:04:12", "text": "milestone. This was I mean this was"}, {"start": "00:04:12", "end": "00:04:14", "text": "logically going to happen. It was just a"}, {"start": "00:04:14", "end": "00:04:17", "text": "matter of when it would actually take"}, {"start": "00:04:17", "end": "00:04:20", "text": "place. On top of that, as well,"}, {"start": "00:04:20", "end": "00:04:23", "text": "Gayscalees Salana Fund. Yeah, the"}, {"start": "00:04:23", "end": "00:04:28", "text": "Grayscale Salana Trust, G Soul, has also"}, {"start": "00:04:28", "end": "00:04:30", "text": "enabled staking and is awaiting"}, {"start": "00:04:30", "end": "00:04:32", "text": "regulatory. Okay. Okay. Okay. Okay. For"}, {"start": "00:04:32", "end": "00:04:34", "text": "an upcoming Okay. Okay. Okay. Okay. I"}, {"start": "00:04:34", "end": "00:04:36", "text": "when I Okay. Okay. When it said awaiting"}, {"start": "00:04:36", "end": "00:04:39", "text": "approval, I was like, \"Oh, no. It's for"}, {"start": "00:04:39", "end": "00:04:41", "text": "another one. Cool. has also enabled"}, {"start": "00:04:41", "end": "00:04:43", "text": "staking and is awaiting regulatory"}, {"start": "00:04:43", "end": "00:04:46", "text": "approval for uplisting to an ETP. Okay,"}, {"start": "00:04:46", "end": "00:04:48", "text": "got it. Which would make it one of the"}, {"start": "00:04:48", "end": "00:04:52", "text": "first spot Salana ETPs to enable staking"}, {"start": "00:04:52", "end": "00:04:54", "text": "according to the company's post on the"}, {"start": "00:04:54", "end": "00:04:58", "text": "Twitter. By enabling staking across its"}, {"start": "00:04:58", "end": "00:05:01", "text": "Ethereum and Salana products, Gayscale"}, {"start": "00:05:01", "end": "00:05:05", "text": "said it aims to give investors exposure"}, {"start": "00:05:05", "end": "00:05:08", "text": "to the long-term value acrruel. Wow. of"}, {"start": "00:05:08", "end": "00:05:11", "text": "these networks while maintaining the"}, {"start": "00:05:11", "end": "00:05:14", "text": "fund's core objectives."}, {"start": "00:05:14", "end": "00:05:17", "text": "We finally got there. It took a little"}, {"start": "00:05:17", "end": "00:05:18", "text": "bit longer than it actually should, but"}, {"start": "00:05:18", "end": "00:05:20", "text": "yeah, for some reason, well, I mean, not"}, {"start": "00:05:20", "end": "00:05:23", "text": "not for some reason. That's a we know"}, {"start": "00:05:23", "end": "00:05:27", "text": "why. It's money. Um, crypto is"}, {"start": "00:05:27", "end": "00:05:30", "text": "attractive to investors. They want it,"}, {"start": "00:05:30", "end": "00:05:33", "text": "they hold it, they buy it. But somewhere"}, {"start": "00:05:33", "end": "00:05:37", "text": "along the way, you know, seeing 400%"}, {"start": "00:05:37", "end": "00:05:39", "text": "returns,"}, {"start": "00:05:39", "end": "00:05:42", "text": "coin prices going up by 1,800%"}, {"start": "00:05:42", "end": "00:05:45", "text": "in 5 years, that became boring. Uh, so"}, {"start": "00:05:45", "end": "00:05:49", "text": "everyone, every"}, {"start": "00:05:49", "end": "00:05:53", "text": "product, everything right now is adding"}, {"start": "00:05:53", "end": "00:05:56", "text": "some sort of a yield, some sort of a a"}, {"start": "00:05:56", "end": "00:05:58", "text": "staking thing. We also got this news"}, {"start": "00:05:58", "end": "00:06:01", "text": "recently for a number of Bitcoin"}, {"start": "00:06:01", "end": "00:06:03", "text": "products. There's I think someone's was"}, {"start": "00:06:03", "end": "00:06:06", "text": "it Black Rockck? I don't remember. Some"}, {"start": "00:06:06", "end": "00:06:08", "text": "mega company is trying to launch uh"}, {"start": "00:06:08", "end": "00:06:10", "text": "Bitcoin products that also like the ETF"}, {"start": "00:06:10", "end": "00:06:13", "text": "literally is called income as well. Like"}, {"start": "00:06:13", "end": "00:06:16", "text": "is it Bitcoin income? So that just makes"}, {"start": "00:06:16", "end": "00:06:18", "text": "I guess a lot of sense. Yeah, looking"}, {"start": "00:06:18", "end": "00:06:20", "text": "forward to seeing more of these"}, {"start": "00:06:20", "end": "00:06:22", "text": "launching. This should have never really"}, {"start": "00:06:22", "end": "00:06:24", "text": "been a question in the first place if"}, {"start": "00:06:24", "end": "00:06:27", "text": "they have it natively. But once again, I"}, {"start": "00:06:27", "end": "00:06:30", "text": "just kind of assume old man Gensler was"}, {"start": "00:06:30", "end": "00:06:32", "text": "probably part of this in some sort of"}, {"start": "00:06:32", "end": "00:06:36", "text": "way. That's the grayscale news."}, {"start": "00:06:36", "end": "00:06:38", "text": "And yeah,"}, {"start": "00:06:38", "end": "00:06:41", "text": "let's move on."}, {"start": "00:06:44", "end": "00:06:47", "text": "Also in the news,"}, {"start": "00:06:47", "end": "00:06:49", "text": "we keep getting a lot of state news as"}, {"start": "00:06:49", "end": "00:06:50", "text": "well."}, {"start": "00:06:50", "end": "00:06:54", "text": "If you've missed that, remember oh, also"}, {"start": "00:06:54", "end": "00:06:57", "text": "once again, it's like this uh the word"}, {"start": "00:06:57", "end": "00:07:00", "text": "is not time warp, but it's like news"}, {"start": "00:07:00", "end": "00:07:02", "text": "that we had before coming back into the"}, {"start": "00:07:02", "end": "00:07:04", "text": "news. Uh a lot of the news that we had"}, {"start": "00:07:04", "end": "00:07:07", "text": "in January, February, and March for some"}, {"start": "00:07:07", "end": "00:07:11", "text": "reason is like resolving now in some"}, {"start": "00:07:11", "end": "00:07:13", "text": "sort of way. We had Michigan recently in"}, {"start": "00:07:13", "end": "00:07:16", "text": "the news. This one is Wisconsin. Uh"}, {"start": "00:07:16", "end": "00:07:18", "text": "there was an Arizona one and I forgot"}, {"start": "00:07:18", "end": "00:07:21", "text": "what other state we also had about a no"}, {"start": "00:07:21", "end": "00:07:24", "text": "it was definitely less than a month ago"}, {"start": "00:07:24", "end": "00:07:26", "text": "uh in the news. Basically a lot of the"}, {"start": "00:07:26", "end": "00:07:29", "text": "laws and bills that they said they were"}, {"start": "00:07:29", "end": "00:07:32", "text": "working on at the beginning of the year"}, {"start": "00:07:32", "end": "00:07:36", "text": "they finally worked on them. Yeah."}, {"start": "00:07:36", "end": "00:07:38", "text": "Wisconsin lawmakers"}, {"start": "00:07:38", "end": "00:07:41", "text": "have introduced a bill on Monday that if"}, {"start": "00:07:41", "end": "00:07:45", "text": "enacted would exempt individuals and"}, {"start": "00:07:45", "end": "00:07:48", "text": "businesses in the state from requiring"}, {"start": "00:07:48", "end": "00:07:50", "text": "money transmitter licenses to"}, {"start": "00:07:50", "end": "00:07:53", "text": "participate in mining, staking and"}, {"start": "00:07:53", "end": "00:07:56", "text": "exchanging digital assets. That was"}, {"start": "00:07:56", "end": "00:07:57", "text": "something I think that was the other"}, {"start": "00:07:57", "end": "00:07:59", "text": "thing from Michigan if I'm not mistaken."}, {"start": "00:07:59", "end": "00:08:02", "text": "Uh basically many realistically every"}, {"start": "00:08:02", "end": "00:08:05", "text": "state is trying to enact"}, {"start": "00:08:05", "end": "00:08:07", "text": "something similar to what the other"}, {"start": "00:08:07", "end": "00:08:09", "text": "states are also enacting. Basically"}, {"start": "00:08:09", "end": "00:08:14", "text": "laying a groundwork for laws within"}, {"start": "00:08:14", "end": "00:08:16", "text": "their state but also and I air quote"}, {"start": "00:08:16", "end": "00:08:18", "text": "here like within the entire United"}, {"start": "00:08:18", "end": "00:08:21", "text": "States. There was a big news story in"}, {"start": "00:08:21", "end": "00:08:26", "text": "2018 years ago where um I think someone"}, {"start": "00:08:26", "end": "00:08:30", "text": "in China had their crypto stolen. That"}, {"start": "00:08:30", "end": "00:08:32", "text": "was the news. And then they found the"}, {"start": "00:08:32", "end": "00:08:35", "text": "person and took them to court and the"}, {"start": "00:08:35", "end": "00:08:37", "text": "the judge like literally had to say the"}, {"start": "00:08:37", "end": "00:08:42", "text": "words like he owned it. It's his. The It"}, {"start": "00:08:42", "end": "00:08:45", "text": "sounds crazy. Yeah. It's because there"}, {"start": "00:08:45", "end": "00:08:48", "text": "was nothing in the law on the rule books"}, {"start": "00:08:48", "end": "00:08:51", "text": "that ever said that crypto was even"}, {"start": "00:08:51", "end": "00:08:54", "text": "property. It sounds insane because you"}, {"start": "00:08:54", "end": "00:08:56", "text": "know buying it, hey, this is mine. But"}, {"start": "00:08:56", "end": "00:08:59", "text": "unless you have a law that says like"}, {"start": "00:08:59", "end": "00:09:02", "text": "crypto is a real thing. It has monetary"}, {"start": "00:09:02", "end": "00:09:04", "text": "value. Then you have another thing that"}, {"start": "00:09:04", "end": "00:09:07", "text": "says if you bought the crypto that has"}, {"start": "00:09:07", "end": "00:09:11", "text": "monetary value, you own it. So if"}, {"start": "00:09:11", "end": "00:09:13", "text": "someone else takes it, this is against"}, {"start": "00:09:13", "end": "00:09:16", "text": "the law. I know, but this is, you know,"}, {"start": "00:09:16", "end": "00:09:18", "text": "we're seeing the advent of this asset"}, {"start": "00:09:18", "end": "00:09:20", "text": "class. So of course it sounds a little"}, {"start": "00:09:20", "end": "00:09:23", "text": "insane, but all things at some point had"}, {"start": "00:09:23", "end": "00:09:25", "text": "to go through something like this, like"}, {"start": "00:09:25", "end": "00:09:28", "text": "with all the really weird security laws"}, {"start": "00:09:28", "end": "00:09:30", "text": "from the 1920s about oranges. Look it"}, {"start": "00:09:30", "end": "00:09:32", "text": "up. It's it's all it's all very weird,"}, {"start": "00:09:32", "end": "00:09:35", "text": "but at some point it actually has to"}, {"start": "00:09:35", "end": "00:09:39", "text": "happen. So now basically the idea of not"}, {"start": "00:09:39", "end": "00:09:42", "text": "needing like as individuals"}, {"start": "00:09:42", "end": "00:09:45", "text": "not needing a license or paperwork or"}, {"start": "00:09:45", "end": "00:09:49", "text": "having to go to the SEC or to this"}, {"start": "00:09:49", "end": "00:09:53", "text": "office to be able to send crypto places"}, {"start": "00:09:53", "end": "00:09:55", "text": "to be able to stake crypto. That was"}, {"start": "00:09:55", "end": "00:09:56", "text": "also a thing. This was a couple two"}, {"start": "00:09:56", "end": "00:09:57", "text": "three four years ago. I forgot which"}, {"start": "00:09:57", "end": "00:09:59", "text": "country it was. There was someone who"}, {"start": "00:09:59", "end": "00:10:02", "text": "was staking his crypto and his neighbors"}, {"start": "00:10:02", "end": "00:10:05", "text": "were his freaking freaking rats. His his"}, {"start": "00:10:05", "end": "00:10:08", "text": "his neighbors were rats. They were like,"}, {"start": "00:10:08", "end": "00:10:10", "text": "\"Uh, you know, he shouldn't be he"}, {"start": "00:10:10", "end": "00:10:11", "text": "shouldn't be doing that. It's illegal.\""}, {"start": "00:10:11", "end": "00:10:13", "text": "So, this guy had to go to court and was"}, {"start": "00:10:13", "end": "00:10:16", "text": "like, \"Can I stake on my own property?\""}, {"start": "00:10:16", "end": "00:10:17", "text": "And the judge was like, \"Yeah, of"}, {"start": "00:10:17", "end": "00:10:18", "text": "course. What are you talking about?\" And"}, {"start": "00:10:18", "end": "00:10:20", "text": "that set the precedence and that law for"}, {"start": "00:10:20", "end": "00:10:23", "text": "being able to stake properly without"}, {"start": "00:10:23", "end": "00:10:25", "text": "having to like ask the government. So,"}, {"start": "00:10:25", "end": "00:10:29", "text": "it sounds it sounds insane, but that's"}, {"start": "00:10:29", "end": "00:10:31", "text": "the world we live in. According to a"}, {"start": "00:10:31", "end": "00:10:34", "text": "document from the Wisconsin Legislative"}, {"start": "00:10:34", "end": "00:10:36", "text": "Reference Bureau, the bill seeks to"}, {"start": "00:10:36", "end": "00:10:40", "text": "clarify uh and oh, clearly, there we go."}, {"start": "00:10:40", "end": "00:10:42", "text": "Define exemptions from requiring a"}, {"start": "00:10:42", "end": "00:10:45", "text": "license from the Department of Financial"}, {"start": "00:10:45", "end": "00:10:47", "text": "Institutions for money transmission"}, {"start": "00:10:47", "end": "00:10:51", "text": "related activities. You shouldn't need a"}, {"start": "00:10:51", "end": "00:10:53", "text": "money transmitter license to send money"}, {"start": "00:10:53", "end": "00:10:56", "text": "to your friend. That should be"}, {"start": "00:10:56", "end": "00:10:59", "text": "completely clear. Under the proposed"}, {"start": "00:10:59", "end": "00:11:01", "text": "exemptions of Wisconsin Assembly Bill"}, {"start": "00:11:01", "end": "00:11:04", "text": "471, individuals or businesses would not"}, {"start": "00:11:04", "end": "00:11:08", "text": "need a DFI license for crypto mining,"}, {"start": "00:11:08", "end": "00:11:11", "text": "staking, and developing blockchain"}, {"start": "00:11:11", "end": "00:11:14", "text": "software. It also exempts the exchanges"}, {"start": "00:11:14", "end": "00:11:16", "text": "of digital assets if the transaction"}, {"start": "00:11:16", "end": "00:11:20", "text": "doesn't involve uh the US dollar in some"}, {"start": "00:11:20", "end": "00:11:22", "text": "sort of way. So basically just swapping"}, {"start": "00:11:22", "end": "00:11:24", "text": "crypto. A lot of these laws that are"}, {"start": "00:11:24", "end": "00:11:26", "text": "popping up are kind of always exempting"}, {"start": "00:11:26", "end": "00:11:28", "text": "the US dollar in some form or fashion."}, {"start": "00:11:28", "end": "00:11:30", "text": "I'm not sure if anyone is also keeping"}, {"start": "00:11:30", "end": "00:11:33", "text": "up with that as well. So"}, {"start": "00:11:33", "end": "00:11:39", "text": "cool. Wow. This is this is news. I can't"}, {"start": "00:11:39", "end": "00:11:41", "text": "believe it. I'm I'm assuming the other"}, {"start": "00:11:41", "end": "00:11:44", "text": "states will also be doing the exact same"}, {"start": "00:11:44", "end": "00:11:47", "text": "thing in the very near future because if"}, {"start": "00:11:47", "end": "00:11:50", "text": "crypto prices are going to 700 bajillion"}, {"start": "00:11:50", "end": "00:11:52", "text": "dollars and every state plans on buying"}, {"start": "00:11:52", "end": "00:11:55", "text": "and accumulating and crypto is going to"}, {"start": "00:11:55", "end": "00:11:57", "text": "take over the world and you got to have"}, {"start": "00:11:57", "end": "00:11:59", "text": "the regulations otherwise it won't"}, {"start": "00:11:59", "end": "00:12:01", "text": "really work. Cool. That's the Wisconsin"}, {"start": "00:12:01", "end": "00:12:04", "text": "news. I can't believe it."}, {"start": "00:12:04", "end": "00:12:07", "text": "And yeah,"}, {"start": "00:12:07", "end": "00:12:09", "text": "let's move on."}, {"start": "00:12:09", "end": "00:12:14", "text": "Here's a Okay. All right. All right. A"}, {"start": "00:12:14", "end": "00:12:18", "text": "company by the name of Reliance Global"}, {"start": "00:12:18", "end": "00:12:22", "text": "Group Incorporated, REI,"}, {"start": "00:12:22", "end": "00:12:24", "text": "has announced they have completed a"}, {"start": "00:12:24", "end": "00:12:27", "text": "purchase of XRP,"}, {"start": "00:12:27", "end": "00:12:29", "text": "adding the coin to their digital asset"}, {"start": "00:12:29", "end": "00:12:32", "text": "treasury initiative. The purchase"}, {"start": "00:12:32", "end": "00:12:35", "text": "follows earlier treasury acquisitions of"}, {"start": "00:12:35", "end": "00:12:39", "text": "Bitcoin, Ethereum, and Cardano."}, {"start": "00:12:39", "end": "00:12:41", "text": "I will tell you right now, I do not"}, {"start": "00:12:41", "end": "00:12:45", "text": "remember the name Reliance Global Group"}, {"start": "00:12:45", "end": "00:12:47", "text": "because it sounds it sounds like"}, {"start": "00:12:47", "end": "00:12:49", "text": "something from like a Disney movie from"}, {"start": "00:12:49", "end": "00:12:52", "text": "like the early 2000s where like you know"}, {"start": "00:12:52", "end": "00:12:54", "text": "that that's like the that's the evil"}, {"start": "00:12:54", "end": "00:12:56", "text": "company like that's big corporation like"}, {"start": "00:12:56", "end": "00:12:59", "text": "that Reliance Global C group is okay."}, {"start": "00:12:59", "end": "00:13:02", "text": "Anyway, I don't remember hearing them"}, {"start": "00:13:02", "end": "00:13:04", "text": "before about purchasing Bitcoin and"}, {"start": "00:13:04", "end": "00:13:09", "text": "Ethereum, especially not Cardano because"}, {"start": "00:13:09", "end": "00:13:12", "text": "I think at this time"}, {"start": "00:13:12", "end": "00:13:14", "text": "we haven't"}, {"start": "00:13:14", "end": "00:13:16", "text": "heard about a company actually buying"}, {"start": "00:13:16", "end": "00:13:19", "text": "Cardano. If you can correct me, that'd"}, {"start": "00:13:19", "end": "00:13:21", "text": "be great because I sincerely don't"}, {"start": "00:13:21", "end": "00:13:23", "text": "remember actually hearing that. So,"}, {"start": "00:13:23", "end": "00:13:26", "text": "yeah, they've purchased XRP. Wow. And"}, {"start": "00:13:26", "end": "00:13:29", "text": "then it talks about what XRP is. can't"}, {"start": "00:13:29", "end": "00:13:30", "text": "believe it. And it talks about how many"}, {"start": "00:13:30", "end": "00:13:32", "text": "transactions and how fast. Wow."}, {"start": "00:13:32", "end": "00:13:35", "text": "Incredible. It says, \"Our strategy is to"}, {"start": "00:13:35", "end": "00:13:38", "text": "carefully build a treasury of digital"}, {"start": "00:13:38", "end": "00:13:42", "text": "asset with both strong fundamentals and"}, {"start": "00:13:42", "end": "00:13:45", "text": "realworld utility.\" This was said by"}, {"start": "00:13:45", "end": "00:13:49", "text": "Ezra Bayon uh the CEO of Reliance Global"}, {"start": "00:13:49", "end": "00:13:52", "text": "Group. It says XRP offers speed,"}, {"start": "00:13:52", "end": "00:13:56", "text": "efficiency, and proven value in global"}, {"start": "00:13:56", "end": "00:13:58", "text": "payments."}, {"start": "00:13:58", "end": "00:14:00", "text": "Cool."}, {"start": "00:14:00", "end": "00:14:04", "text": "Yeah, we haven't had a company buying"}, {"start": "00:14:04", "end": "00:14:07", "text": "XRP news in quite some time. I don't"}, {"start": "00:14:07", "end": "00:14:09", "text": "know if you've noticed. And it's not"}, {"start": "00:14:09", "end": "00:14:11", "text": "that they're not doing it or might not"}, {"start": "00:14:11", "end": "00:14:14", "text": "be doing it, uh, but we haven't heard a"}, {"start": "00:14:14", "end": "00:14:16", "text": "lot about it. We tend to I mean, a lot"}, {"start": "00:14:16", "end": "00:14:19", "text": "of that has also slightly slowed down or"}, {"start": "00:14:19", "end": "00:14:21", "text": "maybe it's just not as popular as a lot"}, {"start": "00:14:21", "end": "00:14:23", "text": "of the news that we've been getting. A"}, {"start": "00:14:23", "end": "00:14:25", "text": "lot of the things we've heard as of late"}, {"start": "00:14:25", "end": "00:14:27", "text": "have had to do with a million dollar"}, {"start": "00:14:27", "end": "00:14:29", "text": "Bitcoin,"}, {"start": "00:14:29", "end": "00:14:32", "text": "$58,000 Ethereum, the market cycle, you"}, {"start": "00:14:32", "end": "00:14:34", "text": "know, by next year. If you missed the"}, {"start": "00:14:34", "end": "00:14:36", "text": "the other Charles Hoskinson thing, next"}, {"start": "00:14:36", "end": "00:14:40", "text": "summer, he's expecting a $9 cajillion"}, {"start": "00:14:40", "end": "00:14:43", "text": "Bitcoin. And so, maybe that's just"}, {"start": "00:14:43", "end": "00:14:45", "text": "simply more exciting as a lot of the"}, {"start": "00:14:45", "end": "00:14:47", "text": "companies have continued to buy, but"}, {"start": "00:14:47", "end": "00:14:50", "text": "also maybe just haven't told us. Um, and"}, {"start": "00:14:50", "end": "00:14:53", "text": "also no word on how much. So, Reliance"}, {"start": "00:14:53", "end": "00:14:57", "text": "Global Group apparently purchased uh"}, {"start": "00:14:57", "end": "00:15:01", "text": "XRP, but there's no word anywhere as as"}, {"start": "00:15:01", "end": "00:15:03", "text": "to how much."}, {"start": "00:15:03", "end": "00:15:06", "text": "Yeah. Well, I think that's going to do"}, {"start": "00:15:06", "end": "00:15:08", "text": "it for this video, everyone. I do hope"}, {"start": "00:15:08", "end": "00:15:10", "text": "that you've all enjoyed. I hope you all"}, {"start": "00:15:10", "end": "00:15:11", "text": "are having a great day, morning,"}, {"start": "00:15:11", "end": "00:15:12", "text": "afternoon, evening, wherever you are,"}, {"start": "00:15:12", "end": "00:15:15", "text": "wherever you might be."}, {"start": "00:15:15", "end": "00:15:16", "text": "I do hope that it's absolutely"}, {"start": "00:15:16", "end": "00:15:18", "text": "fantastic. Thank you all once again for"}, {"start": "00:15:18", "end": "00:15:20", "text": "watching, listening, liking, commenting,"}, {"start": "00:15:20", "end": "00:15:21", "text": "and supporting. and I will most"}, {"start": "00:15:21", "end": "00:15:26", "text": "certainly be talking to you all soon."}, {"start": "00:15:26", "end": "00:15:29", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:03", "text": "Hello"}, {"start": "00:00:03", "end": "00:00:04", "text": "everybody."}, {"start": "00:00:04", "end": "00:00:10", "text": "Welcome back for another video. Hope"}, {"start": "00:00:10", "end": "00:00:13", "text": "you're all doing well. Hope everyone out"}, {"start": "00:00:13", "end": "00:00:16", "text": "there is doing fantastic. Hope you're"}, {"start": "00:00:16", "end": "00:00:20", "text": "all having a wonderful day irrespective"}, {"start": "00:00:20", "end": "00:00:24", "text": "of where you are on this planet."}, {"start": "00:00:24", "end": "00:00:25", "text": "Very big thank you to everyone who"}, {"start": "00:00:25", "end": "00:00:30", "text": "leaves a like on the video. It helps out"}, {"start": "00:00:30", "end": "00:00:32", "text": "a lot. It helps out the channel, helps"}, {"start": "00:00:32", "end": "00:00:34", "text": "out the algorithm. Very big thank you to"}, {"start": "00:00:34", "end": "00:00:38", "text": "everyone who leaves a comment as well."}, {"start": "00:00:38", "end": "00:00:41", "text": "Without any further ado, let's jump"}, {"start": "00:00:41", "end": "00:00:45", "text": "right into it. There are seemingly a lot"}, {"start": "00:00:45", "end": "00:00:52", "text": "of things being juggled in the air right"}, {"start": "00:00:52", "end": "00:00:56", "text": "now. There are and I dare not use the"}, {"start": "00:00:56", "end": "00:00:59", "text": "word uncertainties"}, {"start": "00:00:59", "end": "00:01:02", "text": "but question marks remain basically"}, {"start": "00:01:02", "end": "00:01:05", "text": "regarding everything. Uh we are we are"}, {"start": "00:01:05", "end": "00:01:08", "text": "nearing the you know the top of the"}, {"start": "00:01:08", "end": "00:01:11", "text": "mountain the apex point with the"}, {"start": "00:01:11", "end": "00:01:14", "text": "discussion revolving around if fouryear"}, {"start": "00:01:14", "end": "00:01:17", "text": "cycles are still relevant within the"}, {"start": "00:01:17", "end": "00:01:20", "text": "cryptocurrency space. We have received"}, {"start": "00:01:20", "end": "00:01:23", "text": "our fair share of end of the year price"}, {"start": "00:01:23", "end": "00:01:25", "text": "predictions for the cryptocurrency"}, {"start": "00:01:25", "end": "00:01:28", "text": "market. Where Bitcoin's going to be, how"}, {"start": "00:01:28", "end": "00:01:30", "text": "high that the numbers look insane. Holy"}, {"start": "00:01:30", "end": "00:01:34", "text": "guacamole if you're looking at the Okay,"}, {"start": "00:01:34", "end": "00:01:35", "text": "why not? I guess it I guess it makes a"}, {"start": "00:01:35", "end": "00:01:37", "text": "lot of sense. The screen looks insane."}, {"start": "00:01:37", "end": "00:01:39", "text": "Um,"}, {"start": "00:01:39", "end": "00:01:43", "text": "yeah. So, basically the next gigantic"}, {"start": "00:01:43", "end": "00:01:45", "text": "question mark in the sky. What is"}, {"start": "00:01:45", "end": "00:01:47", "text": "happening?"}, {"start": "00:01:47", "end": "00:01:49", "text": "Okay. The next question mark in the sky"}, {"start": "00:01:49", "end": "00:01:52", "text": "is now currently revolving around uh"}, {"start": "00:01:52", "end": "00:01:55", "text": "monetary policies and what this is going"}, {"start": "00:01:55", "end": "00:01:57", "text": "to do"}, {"start": "00:01:57", "end": "00:01:59", "text": "to the rest of the world to the rest of"}, {"start": "00:01:59", "end": "00:02:01", "text": "the markets. If the cryptocurrency"}, {"start": "00:02:01", "end": "00:02:03", "text": "markets are going to respond positively,"}, {"start": "00:02:03", "end": "00:02:06", "text": "this looks insane. I I keep looking at"}, {"start": "00:02:06", "end": "00:02:09", "text": "it like what the fudge is happening. if"}, {"start": "00:02:09", "end": "00:02:11", "text": "they're going to respond positively uh"}, {"start": "00:02:11", "end": "00:02:16", "text": "to it or if we are in some sort of of"}, {"start": "00:02:16", "end": "00:02:18", "text": "trouble. You'll see exactly what I'm"}, {"start": "00:02:18", "end": "00:02:23", "text": "talking about. The main constant story"}, {"start": "00:02:23", "end": "00:02:26", "text": "right now, you must have seen it. It"}, {"start": "00:02:26", "end": "00:02:30", "text": "deals about economic anxiety around what"}, {"start": "00:02:30", "end": "00:02:33", "text": "the Fed is doing, the expectations of"}, {"start": "00:02:33", "end": "00:02:36", "text": "what the Fed might do in the future."}, {"start": "00:02:36", "end": "00:02:40", "text": "interest rates falling, uh, debasement,"}, {"start": "00:02:40", "end": "00:02:43", "text": "the the the credit levels of the United"}, {"start": "00:02:43", "end": "00:02:44", "text": "States and how everything seems to be"}, {"start": "00:02:44", "end": "00:02:48", "text": "buckling at the exact same time, what"}, {"start": "00:02:48", "end": "00:02:51", "text": "the Fed will try to do to stop this or"}, {"start": "00:02:51", "end": "00:02:53", "text": "slow this down or if they're going to"}, {"start": "00:02:53", "end": "00:02:55", "text": "shift their policies completely all"}, {"start": "00:02:55", "end": "00:02:57", "text": "together. A lot of times when you listen"}, {"start": "00:02:57", "end": "00:03:01", "text": "to what the Fed says, it's always a kind"}, {"start": "00:03:01", "end": "00:03:04", "text": "of like maybe the apple will fall off"}, {"start": "00:03:04", "end": "00:03:06", "text": "the tree. If it does, it might fall into"}, {"start": "00:03:06", "end": "00:03:08", "text": "a basket. When it's in the basket,"}, {"start": "00:03:08", "end": "00:03:09", "text": "someone might pick it up and eat it."}, {"start": "00:03:09", "end": "00:03:12", "text": "They never like say what they're going"}, {"start": "00:03:12", "end": "00:03:15", "text": "to do. It's always like just hinted at"}, {"start": "00:03:15", "end": "00:03:17", "text": "that if things remain in a certain"}, {"start": "00:03:17", "end": "00:03:20", "text": "manner, then they might potentially"}, {"start": "00:03:20", "end": "00:03:24", "text": "do this certain thing."}, {"start": "00:03:24", "end": "00:03:27", "text": "The Federal Reserve"}, {"start": "00:03:27", "end": "00:03:30", "text": "apparently plans to resume asset"}, {"start": "00:03:30", "end": "00:03:35", "text": "purchases early next year to help temper"}, {"start": "00:03:35", "end": "00:03:37", "text": "investor unease"}, {"start": "00:03:37", "end": "00:03:40", "text": "about the US government's financing"}, {"start": "00:03:40", "end": "00:03:43", "text": "challenges. The idea is and has been for"}, {"start": "00:03:43", "end": "00:03:46", "text": "a while that we are currently which is"}, {"start": "00:03:46", "end": "00:03:48", "text": "insane because it doesn't even remotely"}, {"start": "00:03:48", "end": "00:03:50", "text": "feel like it that we've been going"}, {"start": "00:03:50", "end": "00:03:54", "text": "through something called QT quantitative"}, {"start": "00:03:54", "end": "00:03:56", "text": "tightening which in short just means"}, {"start": "00:03:56", "end": "00:03:59", "text": "closing your purse strings clo like"}, {"start": "00:03:59", "end": "00:04:01", "text": "zipping up your pocket closing your book"}, {"start": "00:04:01", "end": "00:04:03", "text": "bag like you know you've tightened you"}, {"start": "00:04:03", "end": "00:04:04", "text": "know the purse strings you won't let any"}, {"start": "00:04:04", "end": "00:04:07", "text": "money out. The opposite of that is"}, {"start": "00:04:07", "end": "00:04:10", "text": "quantitative easing where you open up"}, {"start": "00:04:10", "end": "00:04:11", "text": "the bag a little bit, you open up your"}, {"start": "00:04:11", "end": "00:04:13", "text": "wallet, you allow some of the money to"}, {"start": "00:04:13", "end": "00:04:17", "text": "begin to flow. Apparently, we've been in"}, {"start": "00:04:17", "end": "00:04:21", "text": "a quantitative tightening period. Uh,"}, {"start": "00:04:21", "end": "00:04:22", "text": "which also makes no sense because the"}, {"start": "00:04:22", "end": "00:04:25", "text": "devaluation of the US dollar has been"}, {"start": "00:04:25", "end": "00:04:28", "text": "swift and steady and and quite strong."}, {"start": "00:04:28", "end": "00:04:33", "text": "The idea would be, remember in 2020"}, {"start": "00:04:33", "end": "00:04:35", "text": "how we saw like asset prices like doing"}, {"start": "00:04:35", "end": "00:04:37", "text": "really well, the stock market was doing"}, {"start": "00:04:37", "end": "00:04:40", "text": "really well. The idea was that the a the"}, {"start": "00:04:40", "end": "00:04:42", "text": "Fed announced they would begin printing"}, {"start": "00:04:42", "end": "00:04:44", "text": "large amounts of money again, which you"}, {"start": "00:04:44", "end": "00:04:47", "text": "know threw us into a tizzy. And then the"}, {"start": "00:04:47", "end": "00:04:48", "text": "secondary part is that they would be"}, {"start": "00:04:48", "end": "00:04:50", "text": "using a lot of the money allocated to"}, {"start": "00:04:50", "end": "00:04:52", "text": "them or that they have. They also print"}, {"start": "00:04:52", "end": "00:04:55", "text": "money at will. they would be using that"}, {"start": "00:04:55", "end": "00:04:58", "text": "money to buy up securities and assets"}, {"start": "00:04:58", "end": "00:05:00", "text": "and bonds and other things like that to"}, {"start": "00:05:00", "end": "00:05:02", "text": "basically prop up markets. So when you"}, {"start": "00:05:02", "end": "00:05:06", "text": "kind of get the assurance"}, {"start": "00:05:06", "end": "00:05:09", "text": "that the Fed is"}, {"start": "00:05:09", "end": "00:05:12", "text": "going to begin to repurchase things on"}, {"start": "00:05:12", "end": "00:05:15", "text": "the market, lifting prices up. This"}, {"start": "00:05:15", "end": "00:05:19", "text": "usually, you know, would be a thumbs up."}, {"start": "00:05:19", "end": "00:05:20", "text": "However,"}, {"start": "00:05:20", "end": "00:05:22", "text": "everything else looks really bad right"}, {"start": "00:05:22", "end": "00:05:24", "text": "now. like everything is like really"}, {"start": "00:05:24", "end": "00:05:26", "text": "really really really bad. That's why the"}, {"start": "00:05:26", "end": "00:05:28", "text": "we've been going over the gigantic"}, {"start": "00:05:28", "end": "00:05:33", "text": "question mark for 2026 is like"}, {"start": "00:05:33", "end": "00:05:36", "text": "are are we going to be okay? Like our"}, {"start": "00:05:36", "end": "00:05:39", "text": "markets going to be just fine because"}, {"start": "00:05:39", "end": "00:05:41", "text": "even when we get the new head of the Fed"}, {"start": "00:05:41", "end": "00:05:43", "text": "once again they're supposed to be"}, {"start": "00:05:43", "end": "00:05:45", "text": "lowering interest rates as low as"}, {"start": "00:05:45", "end": "00:05:47", "text": "humanly possible which will also put a"}, {"start": "00:05:47", "end": "00:05:51", "text": "shock into the market as well. This"}, {"start": "00:05:51", "end": "00:05:53", "text": "comes after the Federal Reserve"}, {"start": "00:05:53", "end": "00:05:56", "text": "concluded its three-year run of"}, {"start": "00:05:56", "end": "00:05:59", "text": "quantitative tightening and signaled"}, {"start": "00:05:59", "end": "00:06:01", "text": "that the central bank will resume being"}, {"start": "00:06:01", "end": "00:06:05", "text": "a major buyer of US treasuries."}, {"start": "00:06:05", "end": "00:06:06", "text": "Everything is revolving around"}, {"start": "00:06:06", "end": "00:06:08", "text": "treasuries. Everything is revolving"}, {"start": "00:06:08", "end": "00:06:12", "text": "around trying to do what you can to"}, {"start": "00:06:12", "end": "00:06:15", "text": "devalue the US dollar to make people do"}, {"start": "00:06:15", "end": "00:06:17", "text": "more business in the US and also trying"}, {"start": "00:06:17", "end": "00:06:22", "text": "to strengthen the US dollar on top of"}, {"start": "00:06:22", "end": "00:06:24", "text": "toothpicks as best you can. part of the"}, {"start": "00:06:24", "end": "00:06:27", "text": "reasoning, a huge part of the reasoning"}, {"start": "00:06:27", "end": "00:06:30", "text": "why you've been getting recently in the"}, {"start": "00:06:30", "end": "00:06:33", "text": "last three months so much stable coin"}, {"start": "00:06:33", "end": "00:06:35", "text": "news and the stable coins are allowed"}, {"start": "00:06:35", "end": "00:06:36", "text": "and this bank is making them and that"}, {"start": "00:06:36", "end": "00:06:39", "text": "bank is making them is because the main"}, {"start": "00:06:39", "end": "00:06:42", "text": "way to do them to create a digital"}, {"start": "00:06:42", "end": "00:06:45", "text": "dollar as a bank, an individual or a"}, {"start": "00:06:45", "end": "00:06:48", "text": "company is by purchasing treasury bills."}, {"start": "00:06:48", "end": "00:06:52", "text": "We heard that Tether, the people who"}, {"start": "00:06:52", "end": "00:06:55", "text": "make Tether, they hold more Treasury"}, {"start": "00:06:55", "end": "00:06:59", "text": "bills than Germany, the largest economy"}, {"start": "00:06:59", "end": "00:07:02", "text": "in Europe. So, it's getting down to the"}, {"start": "00:07:02", "end": "00:07:04", "text": "wire where they're trying to literally"}, {"start": "00:07:04", "end": "00:07:06", "text": "figure out ways"}, {"start": "00:07:06", "end": "00:07:09", "text": "to"}, {"start": "00:07:09", "end": "00:07:10", "text": "synthetically,"}, {"start": "00:07:10", "end": "00:07:13", "text": "unorganically lift up the dollar as much"}, {"start": "00:07:13", "end": "00:07:16", "text": "as they possibly can. And one of the"}, {"start": "00:07:16", "end": "00:07:20", "text": "ways is by printing money, devaluing the"}, {"start": "00:07:20", "end": "00:07:23", "text": "dollar, and then buying US treasuries as"}, {"start": "00:07:23", "end": "00:07:26", "text": "like a a backup for it. The Federal"}, {"start": "00:07:26", "end": "00:07:28", "text": "Reserve's quantitative tightening"}, {"start": "00:07:28", "end": "00:07:31", "text": "program, which began in 2022,"}, {"start": "00:07:31", "end": "00:07:33", "text": "aimed to reduce the central bank's"}, {"start": "00:07:33", "end": "00:07:35", "text": "holdings of treasuries and mortgage back"}, {"start": "00:07:35", "end": "00:07:40", "text": "securities accumulated during 2020."}, {"start": "00:07:40", "end": "00:07:42", "text": "The tightening has been steadily"}, {"start": "00:07:42", "end": "00:07:45", "text": "reducing Fed holdings since that peak."}, {"start": "00:07:45", "end": "00:07:47", "text": "The idea is if interest rates are too"}, {"start": "00:07:47", "end": "00:07:50", "text": "low. There's a huge amount of people"}, {"start": "00:07:50", "end": "00:07:54", "text": "taking out egregious amounts of debt. A"}, {"start": "00:07:54", "end": "00:07:55", "text": "lot of times that debt can't be paid"}, {"start": "00:07:55", "end": "00:07:58", "text": "back, the market, the system begins to"}, {"start": "00:07:58", "end": "00:08:01", "text": "buckle. So you raise interest rates to"}, {"start": "00:08:01", "end": "00:08:03", "text": "try and hinder people from taking out"}, {"start": "00:08:03", "end": "00:08:05", "text": "large amounts of debt and to try and get"}, {"start": "00:08:05", "end": "00:08:08", "text": "things to stabilize. Then we end up in a"}, {"start": "00:08:08", "end": "00:08:10", "text": "situation where people are looking for"}, {"start": "00:08:10", "end": "00:08:12", "text": "other ways to make money. So they begin"}, {"start": "00:08:12", "end": "00:08:14", "text": "to throw their money into anything that"}, {"start": "00:08:14", "end": "00:08:17", "text": "has the letters AI on it. that market."}, {"start": "00:08:17", "end": "00:08:20", "text": "If you haven't seen any videos on AI as"}, {"start": "00:08:20", "end": "00:08:22", "text": "far as like the money flowing through"}, {"start": "00:08:22", "end": "00:08:26", "text": "that system, prepare yourself because"}, {"start": "00:08:26", "end": "00:08:28", "text": "these companies are are getting, you"}, {"start": "00:08:28", "end": "00:08:30", "text": "know, $7 billion in funding to do"}, {"start": "00:08:30", "end": "00:08:33", "text": "something and then the next day they pay"}, {"start": "00:08:33", "end": "00:08:36", "text": "another company $7 billion for their"}, {"start": "00:08:36", "end": "00:08:39", "text": "company's funding round. That company"}, {"start": "00:08:39", "end": "00:08:42", "text": "then pays another company $7 billion for"}, {"start": "00:08:42", "end": "00:08:44", "text": "their funding round. They're just moving"}, {"start": "00:08:44", "end": "00:08:47", "text": "the same exact money around over and"}, {"start": "00:08:47", "end": "00:08:49", "text": "over and the actual money on their"}, {"start": "00:08:49", "end": "00:08:52", "text": "balance sheets is completely"}, {"start": "00:08:52", "end": "00:08:54", "text": "negative like it's in the red like"}, {"start": "00:08:54", "end": "00:08:57", "text": "everything is completely so yes. So the"}, {"start": "00:08:57", "end": "00:08:59", "text": "only answer kind the only answer"}, {"start": "00:08:59", "end": "00:09:02", "text": "basically is right now print more money"}, {"start": "00:09:02", "end": "00:09:05", "text": "buy more treasury bills buy more bonds"}, {"start": "00:09:05", "end": "00:09:09", "text": "lift up the market as best you can. The"}, {"start": "00:09:09", "end": "00:09:12", "text": "once again issue ends up being for the"}, {"start": "00:09:12", "end": "00:09:15", "text": "everyday average person. If you haven't"}, {"start": "00:09:15", "end": "00:09:18", "text": "been here for those videos, uh is going"}, {"start": "00:09:18", "end": "00:09:20", "text": "to be terrible. It's going to be really"}, {"start": "00:09:20", "end": "00:09:22", "text": "really bad for the average person, the"}, {"start": "00:09:22", "end": "00:09:24", "text": "average consumer. Uh but people holding"}, {"start": "00:09:24", "end": "00:09:27", "text": "assets are going to do exceptionally"}, {"start": "00:09:27", "end": "00:09:31", "text": "well when the full effects of the easing"}, {"start": "00:09:31", "end": "00:09:33", "text": "uh truly"}, {"start": "00:09:33", "end": "00:09:36", "text": "uh begins. Um,"}, {"start": "00:09:36", "end": "00:09:39", "text": "the Fed's actions are intended to"}, {"start": "00:09:39", "end": "00:09:42", "text": "restore confidence among investors who"}, {"start": "00:09:42", "end": "00:09:45", "text": "are uneasy about the government's debt"}, {"start": "00:09:45", "end": "00:09:47", "text": "sustainability. This isn't a a small"}, {"start": "00:09:47", "end": "00:09:50", "text": "thing. I see people in comments. I see"}, {"start": "00:09:50", "end": "00:09:51", "text": "people talking about it. I've seen other"}, {"start": "00:09:51", "end": "00:09:53", "text": "YouTube videos."}, {"start": "00:09:53", "end": "00:09:55", "text": "People don't actually understand that"}, {"start": "00:09:55", "end": "00:09:58", "text": "this is kind of like,"}, {"start": "00:09:58", "end": "00:09:59", "text": "you know, when you're watching a movie"}, {"start": "00:09:59", "end": "00:10:02", "text": "and you can tell like"}, {"start": "00:10:02", "end": "00:10:04", "text": "the movie's like nearing the end. It's"}, {"start": "00:10:04", "end": "00:10:06", "text": "the crescendo. Cars are flying through"}, {"start": "00:10:06", "end": "00:10:10", "text": "windows. People are screaming and like"}, {"start": "00:10:10", "end": "00:10:11", "text": "it's a whole bunch of stuff happening."}, {"start": "00:10:11", "end": "00:10:13", "text": "Okay. Like like the movie's over in"}, {"start": "00:10:13", "end": "00:10:15", "text": "about 15 minutes. That's kind of where"}, {"start": "00:10:15", "end": "00:10:18", "text": "we currently are. This isn't like a"}, {"start": "00:10:18", "end": "00:10:21", "text": "we've had unease about debt levels"}, {"start": "00:10:21", "end": "00:10:23", "text": "within the United States before, but"}, {"start": "00:10:23", "end": "00:10:26", "text": "like it's actually buckling."}, {"start": "00:10:26", "end": "00:10:27", "text": "It's actually beginning to fall under"}, {"start": "00:10:27", "end": "00:10:31", "text": "its own weight. And one of the last hail"}, {"start": "00:10:31", "end": "00:10:34", "text": "Maryries for this is the actual"}, {"start": "00:10:34", "end": "00:10:37", "text": "Fed printing more money, buying Treasury"}, {"start": "00:10:37", "end": "00:10:40", "text": "bills, and the hope that all these"}, {"start": "00:10:40", "end": "00:10:42", "text": "companies and the JP Morgans and the"}, {"start": "00:10:42", "end": "00:10:45", "text": "Bank of Americas are going to launch"}, {"start": "00:10:45", "end": "00:10:47", "text": "their central bank digital currencies"}, {"start": "00:10:47", "end": "00:10:49", "text": "next year and buy up a huge amount of"}, {"start": "00:10:49", "end": "00:10:52", "text": "treasury bills to basically keep the US"}, {"start": "00:10:52", "end": "00:10:57", "text": "dollar afloat in some uh sort of way. Uh"}, {"start": "00:10:57", "end": "00:11:00", "text": "so far markets have calmed somewhat with"}, {"start": "00:11:00", "end": "00:11:02", "text": "traders expecting the Fed to end its"}, {"start": "00:11:02", "end": "00:11:06", "text": "quantitative tightening. Uh fund fund"}, {"start": "00:11:06", "end": "00:11:08", "text": "managers are also optimistic that the US"}, {"start": "00:11:08", "end": "00:11:12", "text": "deficit currently at 6% of the GDP is"}, {"start": "00:11:12", "end": "00:11:17", "text": "going to shrink as well. Um yeah, so"}, {"start": "00:11:17", "end": "00:11:19", "text": "long story short is this is going to be"}, {"start": "00:11:19", "end": "00:11:22", "text": "a constant discussion"}, {"start": "00:11:22", "end": "00:11:24", "text": "probably until we get some like real"}, {"start": "00:11:24", "end": "00:11:26", "text": "real real"}, {"start": "00:11:26", "end": "00:11:29", "text": "concrete news. The Fed is quite known"}, {"start": "00:11:29", "end": "00:11:31", "text": "for we're thinking about doing this. We"}, {"start": "00:11:31", "end": "00:11:33", "text": "might see in the future if there's a day"}, {"start": "00:11:33", "end": "00:11:34", "text": "when the sun comes out a little bit more"}, {"start": "00:11:34", "end": "00:11:36", "text": "than the other Wednesday that we saw"}, {"start": "00:11:36", "end": "00:11:39", "text": "before and it it's always kind of that."}, {"start": "00:11:39", "end": "00:11:44", "text": "But the current uh theme energy in the"}, {"start": "00:11:44", "end": "00:11:47", "text": "air is like trouble uh trouble for the"}, {"start": "00:11:47", "end": "00:11:51", "text": "US economy, trouble for markets. Uh and"}, {"start": "00:11:51", "end": "00:11:53", "text": "there's just a gigantic amount of"}, {"start": "00:11:53", "end": "00:11:55", "text": "uncertainty constantly constantly"}, {"start": "00:11:55", "end": "00:11:58", "text": "constantly floating around the idea of"}, {"start": "00:11:58", "end": "00:12:01", "text": "tariffs, other economic problems, things"}, {"start": "00:12:01", "end": "00:12:03", "text": "that could further drag all markets"}, {"start": "00:12:03", "end": "00:12:05", "text": "down."}, {"start": "00:12:05", "end": "00:12:08", "text": "But um yeah, the US dollar isn't doing"}, {"start": "00:12:08", "end": "00:12:11", "text": "too hot. And this is why, if you missed"}, {"start": "00:12:11", "end": "00:12:14", "text": "some of the other videos, uh why a lot"}, {"start": "00:12:14", "end": "00:12:16", "text": "of fund managers have been saying"}, {"start": "00:12:16", "end": "00:12:20", "text": "they've been moving more money into"}, {"start": "00:12:20", "end": "00:12:22", "text": "crypto. Uh kind of as like a they"}, {"start": "00:12:22", "end": "00:12:26", "text": "they're calling it the debasement trade."}, {"start": "00:12:26", "end": "00:12:29", "text": "the idea that the US economy and the US"}, {"start": "00:12:29", "end": "00:12:31", "text": "dollar will continue to be in this"}, {"start": "00:12:31", "end": "00:12:34", "text": "situation perpetually as far as we can"}, {"start": "00:12:34", "end": "00:12:37", "text": "tell and therefore they're basically"}, {"start": "00:12:37", "end": "00:12:39", "text": "putting their chips on Bitcoin right"}, {"start": "00:12:39", "end": "00:12:44", "text": "now. So yeah, going to be a fascinating"}, {"start": "00:12:44", "end": "00:12:47", "text": "uh move forward regardless of what"}, {"start": "00:12:47", "end": "00:12:49", "text": "happens. But as I've been saying for a"}, {"start": "00:12:49", "end": "00:12:51", "text": "while, make sure you have a rainy day"}, {"start": "00:12:51", "end": "00:12:54", "text": "fund. I I don't understand why that's"}, {"start": "00:12:54", "end": "00:12:58", "text": "controversial in any sort of way. Uh so"}, {"start": "00:12:58", "end": "00:13:01", "text": "yeah, that's the we'll see very very"}, {"start": "00:13:01", "end": "00:13:05", "text": "soon what's up because um we'll get an"}, {"start": "00:13:05", "end": "00:13:10", "text": "answer at some point. Okie dokie. Let's"}, {"start": "00:13:10", "end": "00:13:12", "text": "move on."}, {"start": "00:13:12", "end": "00:13:15", "text": "Also in I guess popular news, I'm not"}, {"start": "00:13:15", "end": "00:13:18", "text": "really sure, there's a constant"}, {"start": "00:13:18", "end": "00:13:22", "text": "stretching out of the arms regarding"}, {"start": "00:13:22", "end": "00:13:25", "text": "cryptocurrency companies who have"}, {"start": "00:13:25", "end": "00:13:28", "text": "launched ETFs. They're trying to launch"}, {"start": "00:13:28", "end": "00:13:31", "text": "ETPs, exchange traded products, which is"}, {"start": "00:13:31", "end": "00:13:34", "text": "basically an ETF. It can be wrapped up"}, {"start": "00:13:34", "end": "00:13:36", "text": "with other things, but typically other"}, {"start": "00:13:36", "end": "00:13:38", "text": "countries say ETPs as opposed to just a"}, {"start": "00:13:38", "end": "00:13:42", "text": "generalized ETF."}, {"start": "00:13:42", "end": "00:13:44", "text": "As the popularity of Bitcoin continues"}, {"start": "00:13:44", "end": "00:13:47", "text": "to rise, institutions around the world"}, {"start": "00:13:47", "end": "00:13:50", "text": "also want some kind of securitized"}, {"start": "00:13:50", "end": "00:13:54", "text": "access to Bitcoin. Many times in many"}, {"start": "00:13:54", "end": "00:13:55", "text": "countries, for those of you who are"}, {"start": "00:13:55", "end": "00:13:57", "text": "unaware,"}, {"start": "00:13:57", "end": "00:13:59", "text": "uh they're usually what's the word? Tax"}, {"start": "00:13:59", "end": "00:14:02", "text": "benefits. If you hold certain like I"}, {"start": "00:14:02", "end": "00:14:03", "text": "mean if you if you get a chance to look"}, {"start": "00:14:03", "end": "00:14:04", "text": "it up as well, you're going to be quite"}, {"start": "00:14:04", "end": "00:14:06", "text": "surprised. There are a lot of countries"}, {"start": "00:14:06", "end": "00:14:08", "text": "around the world uh who have certain"}, {"start": "00:14:08", "end": "00:14:11", "text": "things. If you buy an asset and you hold"}, {"start": "00:14:11", "end": "00:14:13", "text": "it for two years or you hold it for a"}, {"start": "00:14:13", "end": "00:14:16", "text": "year, uh not only is your like your tax"}, {"start": "00:14:16", "end": "00:14:20", "text": "uh rate a lot lower, uh but sometimes it"}, {"start": "00:14:20", "end": "00:14:21", "text": "can even be zero depending on which"}, {"start": "00:14:21", "end": "00:14:24", "text": "country that you're actually in. Anyway,"}, {"start": "00:14:24", "end": "00:14:26", "text": "so we're seeing a lot of companies"}, {"start": "00:14:26", "end": "00:14:28", "text": "looking to get into a securitized"}, {"start": "00:14:28", "end": "00:14:33", "text": "version of Bitcoin with a custodian in"}, {"start": "00:14:33", "end": "00:14:35", "text": "the background, typically being Black"}, {"start": "00:14:35", "end": "00:14:38", "text": "Rockck or Coinbase, depending on uh what"}, {"start": "00:14:38", "end": "00:14:40", "text": "part of it that you're actually looking"}, {"start": "00:14:40", "end": "00:14:43", "text": "at. Black Rockck has launched a Bitcoin"}, {"start": "00:14:43", "end": "00:14:47", "text": "linked exchange traded product in the"}, {"start": "00:14:47", "end": "00:14:50", "text": "United Kingdom following the financial"}, {"start": "00:14:50", "end": "00:14:54", "text": "conduct authorities FCA's decision to"}, {"start": "00:14:54", "end": "00:14:57", "text": "ease restriction on crypto investment"}, {"start": "00:14:57", "end": "00:14:59", "text": "vehicles. The United Kingdom"}, {"start": "00:14:59", "end": "00:15:02", "text": "for whatever reason for years tried to"}, {"start": "00:15:02", "end": "00:15:05", "text": "be the little brother of the United"}, {"start": "00:15:05", "end": "00:15:08", "text": "States. Every time that the US SEC said"}, {"start": "00:15:08", "end": "00:15:10", "text": "no to something, the UK said no to it."}, {"start": "00:15:10", "end": "00:15:12", "text": "Every time that there was a crypto"}, {"start": "00:15:12", "end": "00:15:16", "text": "exchange that was allowed to launch in"}, {"start": "00:15:16", "end": "00:15:18", "text": "the US, they were then launching in the"}, {"start": "00:15:18", "end": "00:15:20", "text": "United Kingdom. I don't know why they"}, {"start": "00:15:20", "end": "00:15:21", "text": "did this. I really haven't figured it"}, {"start": "00:15:21", "end": "00:15:24", "text": "out and I don't understand the the trend"}, {"start": "00:15:24", "end": "00:15:26", "text": "of just not being your own country, but"}, {"start": "00:15:26", "end": "00:15:30", "text": "alas. So this year 2025, we've seen an"}, {"start": "00:15:30", "end": "00:15:32", "text": "enormous"}, {"start": "00:15:32", "end": "00:15:35", "text": "amount of positive crypto regulations"}, {"start": "00:15:35", "end": "00:15:38", "text": "coming out from the US. As such, we've"}, {"start": "00:15:38", "end": "00:15:40", "text": "seen billions of dollars flowing into"}, {"start": "00:15:40", "end": "00:15:42", "text": "the cryptocurrency market. And now the"}, {"start": "00:15:42", "end": "00:15:45", "text": "United Kingdom basically is trying to"}, {"start": "00:15:45", "end": "00:15:48", "text": "scramble to change laws to make it so"}, {"start": "00:15:48", "end": "00:15:50", "text": "that uh they can also partake in like,"}, {"start": "00:15:50", "end": "00:15:52", "text": "you know, the money that's raining from"}, {"start": "00:15:52", "end": "00:15:54", "text": "the sky"}, {"start": "00:15:54", "end": "00:15:56", "text": "as well. I can only imagine what the"}, {"start": "00:15:56", "end": "00:15:59", "text": "discussions were behind the scenes. On"}, {"start": "00:15:59", "end": "00:16:02", "text": "Monday, the asset manager's website"}, {"start": "00:16:02", "end": "00:16:06", "text": "showed that the iShares Bitcoin ETP had"}, {"start": "00:16:06", "end": "00:16:08", "text": "been listed on the London Stock"}, {"start": "00:16:08", "end": "00:16:10", "text": "Exchange. According to the Sunday Times,"}, {"start": "00:16:10", "end": "00:16:13", "text": "the product, which is structured as a"}, {"start": "00:16:13", "end": "00:16:16", "text": "Bitcoin linked security, will allow"}, {"start": "00:16:16", "end": "00:16:18", "text": "investors to buy fractions of Bitcoin"}, {"start": "00:16:18", "end": "00:16:21", "text": "through units starting at about $11. is"}, {"start": "00:16:21", "end": "00:16:23", "text": "the exchange traded product is designed"}, {"start": "00:16:23", "end": "00:16:26", "text": "to mirror Bitcoin's price while trading"}, {"start": "00:16:26", "end": "00:16:28", "text": "within a regul regulated framework"}, {"start": "00:16:28", "end": "00:16:30", "text": "allowing investors to participate in the"}, {"start": "00:16:30", "end": "00:16:31", "text": "crypto market through traditional"}, {"start": "00:16:31", "end": "00:16:35", "text": "brokerage accounts. It allows UKbased"}, {"start": "00:16:35", "end": "00:16:37", "text": "retail investors, everyday normal people"}, {"start": "00:16:37", "end": "00:16:39", "text": "to gain exposure to Bitcoin without"}, {"start": "00:16:39", "end": "00:16:41", "text": "directly holding the asset or trading it"}, {"start": "00:16:41", "end": "00:16:44", "text": "on crypto exchanges. It still perplexes"}, {"start": "00:16:44", "end": "00:16:49", "text": "me because uh the personally I think the"}, {"start": "00:16:49", "end": "00:16:51", "text": "best one of the best ways to hold crypto"}, {"start": "00:16:51", "end": "00:16:55", "text": "is just yourself. Uh because much like"}, {"start": "00:16:55", "end": "00:16:59", "text": "banks or any other institution if at any"}, {"start": "00:16:59", "end": "00:17:02", "text": "point they deem that something you've"}, {"start": "00:17:02", "end": "00:17:04", "text": "done on their platform that they didn't"}, {"start": "00:17:04", "end": "00:17:05", "text": "like it they usually freeze your money."}, {"start": "00:17:05", "end": "00:17:07", "text": "They hold it they keep it it's theirs."}, {"start": "00:17:07", "end": "00:17:11", "text": "So, uh I understand from a if you are a"}, {"start": "00:17:11", "end": "00:17:12", "text": "company and you are putting in, you"}, {"start": "00:17:12", "end": "00:17:15", "text": "know, $138 million into the market, you"}, {"start": "00:17:15", "end": "00:17:18", "text": "know, cool, got it. Uh but for everyday"}, {"start": "00:17:18", "end": "00:17:21", "text": "retail people to just be buying shares"}, {"start": "00:17:21", "end": "00:17:25", "text": "of ETFs is like not really necessary."}, {"start": "00:17:25", "end": "00:17:27", "text": "Not not really necessary at all. You're"}, {"start": "00:17:27", "end": "00:17:29", "text": "better off holding the actual crypto"}, {"start": "00:17:29", "end": "00:17:32", "text": "yourself and just staking it as it were."}, {"start": "00:17:32", "end": "00:17:35", "text": "Yeah. So, of course, very popular news."}, {"start": "00:17:35", "end": "00:17:37", "text": "anything with Black Rockck launching"}, {"start": "00:17:37", "end": "00:17:41", "text": "anything Bitcoin, their ETF continues to"}, {"start": "00:17:41", "end": "00:17:44", "text": "expand and gain popularity all the time."}, {"start": "00:17:44", "end": "00:17:47", "text": "It's not surprising in the least. We are"}, {"start": "00:17:47", "end": "00:17:49", "text": "seeing other countries as well beginning"}, {"start": "00:17:49", "end": "00:17:51", "text": "to announce the launching of these"}, {"start": "00:17:51", "end": "00:17:54", "text": "products um too. basically saying, \"Oh,"}, {"start": "00:17:54", "end": "00:17:56", "text": "yeah. We we we we kind of messed up in"}, {"start": "00:17:56", "end": "00:17:59", "text": "2018 by saying no to everything, but now"}, {"start": "00:17:59", "end": "00:18:01", "text": "now these things are safe.\" And it's"}, {"start": "00:18:01", "end": "00:18:05", "text": "like, \"Okay.\" Yeah. Okie dokie. I think"}, {"start": "00:18:05", "end": "00:18:06", "text": "that's going to do it for this video,"}, {"start": "00:18:06", "end": "00:18:08", "text": "everyone. Hope you're all doing well."}, {"start": "00:18:08", "end": "00:18:11", "text": "Hope everyone out there is good. Making"}, {"start": "00:18:11", "end": "00:18:12", "text": "sure to take care of yourself, drinking"}, {"start": "00:18:12", "end": "00:18:14", "text": "water, going on walks, call your"}, {"start": "00:18:14", "end": "00:18:17", "text": "friends, go hang out, do something fun"}, {"start": "00:18:17", "end": "00:18:20", "text": "to entertain yourself. And um yeah,"}, {"start": "00:18:20", "end": "00:18:21", "text": "thank you all once again for watching,"}, {"start": "00:18:21", "end": "00:18:23", "text": "listening, liking, commenting, and"}, {"start": "00:18:23", "end": "00:18:26", "text": "supporting. And I will most certainly be"}, {"start": "00:18:26", "end": "00:18:30", "text": "talking to you all soon."}, {"start": "00:18:30", "end": "00:18:33", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:07", "text": "Welcome back"}, {"start": "00:00:07", "end": "00:00:11", "text": "for another video. Hope you're all doing"}, {"start": "00:00:11", "end": "00:00:14", "text": "well. Hope everyone out there is doing"}, {"start": "00:00:14", "end": "00:00:17", "text": "absolutely fantastic and that you're all"}, {"start": "00:00:17", "end": "00:00:21", "text": "having a great day."}, {"start": "00:00:21", "end": "00:00:24", "text": "I have a question for you. How much"}, {"start": "00:00:24", "end": "00:00:27", "text": "money would you like to have by the end"}, {"start": "00:00:27", "end": "00:00:29", "text": "of this year? How much do you think the"}, {"start": "00:00:29", "end": "00:00:32", "text": "cryptocurrency market is going to go up"}, {"start": "00:00:32", "end": "00:00:36", "text": "and what would be an acceptable amount"}, {"start": "00:00:36", "end": "00:00:40", "text": "of money for you to have by the very end"}, {"start": "00:00:40", "end": "00:00:42", "text": "of the year? Everyone always has a"}, {"start": "00:00:42", "end": "00:00:44", "text": "different number. Uh some people say"}, {"start": "00:00:44", "end": "00:00:46", "text": "half a million, some people say 1.2"}, {"start": "00:00:46", "end": "00:00:48", "text": "million. I've seen some people say they"}, {"start": "00:00:48", "end": "00:00:52", "text": "want $30 million before. It's a very"}, {"start": "00:00:52", "end": "00:00:54", "text": "different number for every single"}, {"start": "00:00:54", "end": "00:00:58", "text": "person. This one"}, {"start": "00:00:58", "end": "00:01:00", "text": "is a little bit different. This one's"}, {"start": "00:01:00", "end": "00:01:03", "text": "This is This is You'll see."}, {"start": "00:01:03", "end": "00:01:07", "text": "There has always been a question in the"}, {"start": "00:01:07", "end": "00:01:11", "text": "cryptocurrency space as to where prices"}, {"start": "00:01:11", "end": "00:01:14", "text": "are going to go. That's nothing new at"}, {"start": "00:01:14", "end": "00:01:18", "text": "all. Uh this one, however, completely"}, {"start": "00:01:18", "end": "00:01:21", "text": "takes the cake. Like the whole cake. It"}, {"start": "00:01:21", "end": "00:01:22", "text": "walked up to the table, picked up the"}, {"start": "00:01:22", "end": "00:01:26", "text": "cake, and ran away laughing as it ate"}, {"start": "00:01:26", "end": "00:01:30", "text": "it. Um, so"}, {"start": "00:01:30", "end": "00:01:33", "text": "the news we've gotten recently about"}, {"start": "00:01:33", "end": "00:01:34", "text": "2026"}, {"start": "00:01:34", "end": "00:01:39", "text": "until 2030 has been more than"}, {"start": "00:01:39", "end": "00:01:43", "text": "interesting. That's a nice word for it."}, {"start": "00:01:43", "end": "00:01:45", "text": "Uh, adoption of crypto. No, no, no, no,"}, {"start": "00:01:45", "end": "00:01:48", "text": "no, no, no, no, no, no, no, no, no, no."}, {"start": "00:01:48", "end": "00:01:49", "text": "money."}, {"start": "00:01:49", "end": "00:01:53", "text": "Money moving into crypto next year is"}, {"start": "00:01:53", "end": "00:01:56", "text": "expected to triple."}, {"start": "00:01:56", "end": "00:01:57", "text": "Prices"}, {"start": "00:01:57", "end": "00:02:00", "text": "are expected to nearly quadruple. That's"}, {"start": "00:02:00", "end": "00:02:02", "text": "what we've been hearing. You know,"}, {"start": "00:02:02", "end": "00:02:05", "text": "constantly getting new prices, the idea"}, {"start": "00:02:05", "end": "00:02:09", "text": "of the cycle, etc., etc."}, {"start": "00:02:09", "end": "00:02:14", "text": "Now, I personally like to think"}, {"start": "00:02:14", "end": "00:02:17", "text": "forward when I invest. So, I I like to I"}, {"start": "00:02:17", "end": "00:02:20", "text": "I have personally I have like five to 10"}, {"start": "00:02:20", "end": "00:02:22", "text": "year goals. I don't know if we've ever"}, {"start": "00:02:22", "end": "00:02:24", "text": "gone over that before. I give myself a"}, {"start": "00:02:24", "end": "00:02:27", "text": "fiveyear goal and then I I extend it a"}, {"start": "00:02:27", "end": "00:02:28", "text": "little bit further to say like this is"}, {"start": "00:02:28", "end": "00:02:30", "text": "what I would like to have after the end"}, {"start": "00:02:30", "end": "00:02:33", "text": "of a 10-year period. So, my goals are"}, {"start": "00:02:33", "end": "00:02:37", "text": "normally I would like to purchase a"}, {"start": "00:02:37", "end": "00:02:40", "text": "property every year so that at some"}, {"start": "00:02:40", "end": "00:02:43", "text": "point I have 10 properties. just a"}, {"start": "00:02:43", "end": "00:02:46", "text": "random, you know, throwing it out there."}, {"start": "00:02:46", "end": "00:02:48", "text": "Or"}, {"start": "00:02:48", "end": "00:02:50", "text": "I have X amount of art and I would like"}, {"start": "00:02:50", "end": "00:02:53", "text": "to buy more prints so that eventually I"}, {"start": "00:02:53", "end": "00:02:56", "text": "have uh one of my actual goals, I'll"}, {"start": "00:02:56", "end": "00:03:00", "text": "tell you, is to have around um I think 2"}, {"start": "00:03:00", "end": "00:03:03", "text": "or 3,000 uh prints from varying artists."}, {"start": "00:03:03", "end": "00:03:05", "text": "I I I like collecting prints. They're"}, {"start": "00:03:05", "end": "00:03:09", "text": "easier to store and many of them tend to"}, {"start": "00:03:09", "end": "00:03:11", "text": "have a rise in value over the course of"}, {"start": "00:03:11", "end": "00:03:14", "text": "a decade that equates to roughly around"}, {"start": "00:03:14", "end": "00:03:17", "text": "800, 900 or a,000 per print. That's just"}, {"start": "00:03:17", "end": "00:03:20", "text": "the metrics that I've actually uh been"}, {"start": "00:03:20", "end": "00:03:22", "text": "going for. I want to have a gigantic art"}, {"start": "00:03:22", "end": "00:03:25", "text": "uh thing. So yeah, however, um I"}, {"start": "00:03:25", "end": "00:03:28", "text": "understand looking towards the future"}, {"start": "00:03:28", "end": "00:03:30", "text": "and you know what you want to"}, {"start": "00:03:30", "end": "00:03:33", "text": "accomplish, but I think there is a limit"}, {"start": "00:03:33", "end": "00:03:36", "text": "just because of uh it and also also also"}, {"start": "00:03:36", "end": "00:03:37", "text": "also No, no, no. I'm actually going to"}, {"start": "00:03:37", "end": "00:03:41", "text": "take that one back because if I if I can"}, {"start": "00:03:41", "end": "00:03:44", "text": "adjust things correctly, I I think this"}, {"start": "00:03:44", "end": "00:03:46", "text": "actually makes a little bit more sense"}, {"start": "00:03:46", "end": "00:03:48", "text": "than I think we want to actually uh"}, {"start": "00:03:48", "end": "00:03:50", "text": "admit."}, {"start": "00:03:50", "end": "00:03:53", "text": "Apparently he listen so we've we've been"}, {"start": "00:03:53", "end": "00:03:55", "text": "to 2026,"}, {"start": "00:03:55", "end": "00:03:58", "text": "we've been to 2030. Uh the discussion is"}, {"start": "00:03:58", "end": "00:04:02", "text": "now the year 20,100."}, {"start": "00:04:02", "end": "00:04:05", "text": "I know, I know, I know it's a bit"}, {"start": "00:04:05", "end": "00:04:08", "text": "intense, but bear with me and I think"}, {"start": "00:04:08", "end": "00:04:10", "text": "I'll be able to explain a little bit as"}, {"start": "00:04:10", "end": "00:04:13", "text": "to why it makes more sense than we"}, {"start": "00:04:13", "end": "00:04:17", "text": "probably imagine it could."}, {"start": "00:04:17", "end": "00:04:21", "text": "Global demographic shifts and rising"}, {"start": "00:04:21", "end": "00:04:23", "text": "wealth could"}, {"start": "00:04:23", "end": "00:04:27", "text": "power cryptocurrency adoption and asset"}, {"start": "00:04:27", "end": "00:04:32", "text": "demand well into the next century."}, {"start": "00:04:32", "end": "00:04:34", "text": "Demand for global assets, including"}, {"start": "00:04:34", "end": "00:04:36", "text": "cryptocurrencies,"}, {"start": "00:04:36", "end": "00:04:39", "text": "is expected to be driven by an aging"}, {"start": "00:04:39", "end": "00:04:42", "text": "global population and increased"}, {"start": "00:04:42", "end": "00:04:45", "text": "productivity worldwide,"}, {"start": "00:04:45", "end": "00:04:47", "text": "resulting in an older population with"}, {"start": "00:04:47", "end": "00:04:50", "text": "more capital to invest. I need to I need"}, {"start": "00:04:50", "end": "00:04:52", "text": "to just a little just a little smidge"}, {"start": "00:04:52", "end": "00:04:55", "text": "before we continue on."}, {"start": "00:04:55", "end": "00:04:58", "text": "What's actually happening is is that"}, {"start": "00:04:58", "end": "00:05:03", "text": "demand for assets is rapidly increasing"}, {"start": "00:05:03", "end": "00:05:05", "text": "but amongst a"}, {"start": "00:05:05", "end": "00:05:07", "text": "[Music]"}, {"start": "00:05:07", "end": "00:05:11", "text": "very small portion of people on the"}, {"start": "00:05:11", "end": "00:05:14", "text": "planet and it's people who already have"}, {"start": "00:05:14", "end": "00:05:17", "text": "assets. People who have assets look at"}, {"start": "00:05:17", "end": "00:05:20", "text": "their assets and they see the value of"}, {"start": "00:05:20", "end": "00:05:23", "text": "them rising and they understand if I"}, {"start": "00:05:23", "end": "00:05:25", "text": "have one of them and this doubled in"}, {"start": "00:05:25", "end": "00:05:29", "text": "price. What happens if I have four of"}, {"start": "00:05:29", "end": "00:05:31", "text": "them?"}, {"start": "00:05:31", "end": "00:05:35", "text": "There's a big rush right now, is a way"}, {"start": "00:05:35", "end": "00:05:38", "text": "of saying it, uh, amongst the the"}, {"start": "00:05:38", "end": "00:05:41", "text": "wealthy on the planet"}, {"start": "00:05:41", "end": "00:05:43", "text": "to accumulate as many assets as they"}, {"start": "00:05:43", "end": "00:05:46", "text": "possibly can. They've been doing this"}, {"start": "00:05:46", "end": "00:05:50", "text": "for so long that they've actually almost"}, {"start": "00:05:50", "end": "00:05:53", "text": "kind of closed the circle."}, {"start": "00:05:53", "end": "00:05:54", "text": "So remember we were talking about"}, {"start": "00:05:54", "end": "00:05:58", "text": "corporate landlords and the idea of them"}, {"start": "00:05:58", "end": "00:06:01", "text": "like by 2040"}, {"start": "00:06:01", "end": "00:06:03", "text": "20"}, {"start": "00:06:03", "end": "00:06:06", "text": "4 corporate landlords are estimated to"}, {"start": "00:06:06", "end": "00:06:10", "text": "have I think it's 85 or 90% of all real"}, {"start": "00:06:10", "end": "00:06:12", "text": "estate within the United States and I"}, {"start": "00:06:12", "end": "00:06:14", "text": "mean other countries will be just as bad"}, {"start": "00:06:14", "end": "00:06:16", "text": "but we focus on the US for this topic of"}, {"start": "00:06:16", "end": "00:06:18", "text": "discussion because the same exact thing"}, {"start": "00:06:18", "end": "00:06:19", "text": "is happening across Europe it's"}, {"start": "00:06:19", "end": "00:06:21", "text": "happening in Africa it's happening"}, {"start": "00:06:21", "end": "00:06:23", "text": "everywhere like you know rich people are"}, {"start": "00:06:23", "end": "00:06:25", "text": "consolidating their wealth and growing"}, {"start": "00:06:25", "end": "00:06:27", "text": "their wealth at at a a rapid a rapid"}, {"start": "00:06:27", "end": "00:06:31", "text": "pace. The idea of being if you own all"}, {"start": "00:06:31", "end": "00:06:34", "text": "the land, if you own all the real"}, {"start": "00:06:34", "end": "00:06:36", "text": "estate, for those of you wondering why"}, {"start": "00:06:36", "end": "00:06:39", "text": "not 100%, well, basically the others"}, {"start": "00:06:39", "end": "00:06:40", "text": "would be like for those of you who are"}, {"start": "00:06:40", "end": "00:06:42", "text": "owning homes, you would see the trend"}, {"start": "00:06:42", "end": "00:06:45", "text": "and simply not sell and say, \"No, we"}, {"start": "00:06:45", "end": "00:06:46", "text": "have to keep this property for"}, {"start": "00:06:46", "end": "00:06:48", "text": "ourselves.\" So it's basically going to"}, {"start": "00:06:48", "end": "00:06:50", "text": "be corporate land owners and smaller"}, {"start": "00:06:50", "end": "00:06:52", "text": "owners who have one or two properties to"}, {"start": "00:06:52", "end": "00:06:55", "text": "themselves. If you own everything, you"}, {"start": "00:06:55", "end": "00:06:57", "text": "can dictate the rent. You can dictate"}, {"start": "00:06:57", "end": "00:06:59", "text": "how much things are whenever you"}, {"start": "00:06:59", "end": "00:07:03", "text": "literally so feel that increases with"}, {"start": "00:07:03", "end": "00:07:06", "text": "the idea of tokenization. For those of"}, {"start": "00:07:06", "end": "00:07:08", "text": "you who you you couldn't have missed"}, {"start": "00:07:08", "end": "00:07:10", "text": "that discussion that we've been having"}, {"start": "00:07:10", "end": "00:07:13", "text": "for a while, if you can put all assets"}, {"start": "00:07:13", "end": "00:07:15", "text": "on chain, the valuations of them or even"}, {"start": "00:07:15", "end": "00:07:19", "text": "the ownership of, you would allow for"}, {"start": "00:07:19", "end": "00:07:21", "text": "people to be able to capitalize on like"}, {"start": "00:07:21", "end": "00:07:24", "text": "fractionalized ownership of other types"}, {"start": "00:07:24", "end": "00:07:26", "text": "of assets or things that they normally"}, {"start": "00:07:26", "end": "00:07:30", "text": "wouldn't be able to have access to."}, {"start": "00:07:30", "end": "00:07:34", "text": "It's not that the the world at large is"}, {"start": "00:07:34", "end": "00:07:35", "text": "looking for more assets. It's mainly"}, {"start": "00:07:35", "end": "00:07:37", "text": "investors. It's those who can already"}, {"start": "00:07:37", "end": "00:07:40", "text": "afford. It's those who aren't renting."}, {"start": "00:07:40", "end": "00:07:42", "text": "It's those who own land. It's own those"}, {"start": "00:07:42", "end": "00:07:44", "text": "who own homes. They're they're rapidly"}, {"start": "00:07:44", "end": "00:07:47", "text": "trying to get all of it. That's not a"}, {"start": "00:07:47", "end": "00:07:49", "text": "joke. They're literally trying to buy as"}, {"start": "00:07:49", "end": "00:07:52", "text": "much as they possibly can. And it's the"}, {"start": "00:07:52", "end": "00:07:55", "text": "entire spectrum. It's through gold. It's"}, {"start": "00:07:55", "end": "00:07:57", "text": "through stocks. It's it's through real"}, {"start": "00:07:57", "end": "00:08:00", "text": "estate. It's crypto. Anything you could"}, {"start": "00:08:00", "end": "00:08:04", "text": "possibly imagine. the and they when so"}, {"start": "00:08:04", "end": "00:08:07", "text": "listen when they say the actual aging"}, {"start": "00:08:07", "end": "00:08:09", "text": "population this also includes us as we"}, {"start": "00:08:09", "end": "00:08:12", "text": "are still aging. They found that the"}, {"start": "00:08:12", "end": "00:08:16", "text": "actual demand for crypto resides roughly"}, {"start": "00:08:16", "end": "00:08:19", "text": "within people from their early 20s into"}, {"start": "00:08:19", "end": "00:08:21", "text": "their late 30s. That tends to be the"}, {"start": "00:08:21", "end": "00:08:23", "text": "majority of the demographic. Not the"}, {"start": "00:08:23", "end": "00:08:28", "text": "entirety, but the majority of as we get"}, {"start": "00:08:28", "end": "00:08:31", "text": "older and we are the holders of said"}, {"start": "00:08:31", "end": "00:08:34", "text": "crypto, we would then fuel the demand"}, {"start": "00:08:34", "end": "00:08:38", "text": "for more assets. Let's say you have uh"}, {"start": "00:08:38", "end": "00:08:40", "text": "you know, you bought some cryptocurrency"}, {"start": "00:08:40", "end": "00:08:42", "text": "10 years ago, you put a,000 into it."}, {"start": "00:08:42", "end": "00:08:46", "text": "Awesome. Amazing. In 2025, you look at"}, {"start": "00:08:46", "end": "00:08:49", "text": "your portfolio, you have $1.7 million."}, {"start": "00:08:49", "end": "00:08:53", "text": "Amazing. You decide 700,000 is going to"}, {"start": "00:08:53", "end": "00:08:56", "text": "go into three properties. You want to"}, {"start": "00:08:56", "end": "00:08:58", "text": "buy some land and you want to buy some"}, {"start": "00:08:58", "end": "00:09:02", "text": "other form of an investment. Amazing."}, {"start": "00:09:02", "end": "00:09:07", "text": "That 1 million by 2035 is around 12.5"}, {"start": "00:09:07", "end": "00:09:09", "text": "million, give or take a couple of cents."}, {"start": "00:09:09", "end": "00:09:11", "text": "You go, \"Okay, cool. I want to buy more"}, {"start": "00:09:11", "end": "00:09:13", "text": "assets.\" You've always thought gold was"}, {"start": "00:09:13", "end": "00:09:17", "text": "pretty. You decide to buy $200,000 worth"}, {"start": "00:09:17", "end": "00:09:18", "text": "of gold. Why not? I want to have it just"}, {"start": "00:09:18", "end": "00:09:20", "text": "as a hedge. You decide to buy more"}, {"start": "00:09:20", "end": "00:09:22", "text": "homes. You decide to buy more things. As"}, {"start": "00:09:22", "end": "00:09:26", "text": "the wealth continues rising for people"}, {"start": "00:09:26", "end": "00:09:29", "text": "holding assets,"}, {"start": "00:09:29", "end": "00:09:31", "text": "these are the people who are going to"}, {"start": "00:09:31", "end": "00:09:35", "text": "continue the demand for cryptocurrencies"}, {"start": "00:09:35", "end": "00:09:38", "text": "and assets. You understand? Now, usually"}, {"start": "00:09:38", "end": "00:09:41", "text": "sometimes these things are worded as"}, {"start": "00:09:41", "end": "00:09:43", "text": "everyday normal people will then go,"}, {"start": "00:09:43", "end": "00:09:45", "text": "\"Cool, I never wanted to invest before"}, {"start": "00:09:45", "end": "00:09:47", "text": "let me invest now.\" No, it's the people"}, {"start": "00:09:47", "end": "00:09:49", "text": "who have assets, who understand the"}, {"start": "00:09:49", "end": "00:09:53", "text": "wealth that can be created from them."}, {"start": "00:09:53", "end": "00:09:57", "text": "This then fuels their desire to own more"}, {"start": "00:09:57", "end": "00:10:00", "text": "assets, to own more homes. If you see at"}, {"start": "00:10:00", "end": "00:10:02", "text": "some point, and this is typically how it"}, {"start": "00:10:02", "end": "00:10:06", "text": "goes, if you have a stock and the stock"}, {"start": "00:10:06", "end": "00:10:11", "text": "goes from 1.25 to 114, on the way up,"}, {"start": "00:10:11", "end": "00:10:13", "text": "you see that it's rising, you start to"}, {"start": "00:10:13", "end": "00:10:17", "text": "buy more. If Bitcoin goes from a,000 to"}, {"start": "00:10:17", "end": "00:10:19", "text": "30,000, many people start buying more as"}, {"start": "00:10:19", "end": "00:10:21", "text": "they see the valuation going up and they"}, {"start": "00:10:21", "end": "00:10:24", "text": "go when it hits 30, it can probably hit"}, {"start": "00:10:24", "end": "00:10:27", "text": "60. It's this level of accumulation that"}, {"start": "00:10:27", "end": "00:10:30", "text": "will rapidly continue mainly amongst"}, {"start": "00:10:30", "end": "00:10:33", "text": "those who already have the wealth. I"}, {"start": "00:10:33", "end": "00:10:34", "text": "told you all before there's also a"}, {"start": "00:10:34", "end": "00:10:36", "text": "really weird misconception. I saw"}, {"start": "00:10:36", "end": "00:10:38", "text": "something before and it's it's okay."}, {"start": "00:10:38", "end": "00:10:41", "text": "It's it's weird. Uh people were"}, {"start": "00:10:41", "end": "00:10:43", "text": "discussing how, you know, rising costs"}, {"start": "00:10:43", "end": "00:10:46", "text": "and I watched this video and it was one"}, {"start": "00:10:46", "end": "00:10:47", "text": "of these people showing like real estate"}, {"start": "00:10:47", "end": "00:10:49", "text": "on YouTube. You've seen the videos"}, {"start": "00:10:49", "end": "00:10:51", "text": "before. And they were, you know, this is"}, {"start": "00:10:51", "end": "00:10:54", "text": "a $20 million home. And and the comment"}, {"start": "00:10:54", "end": "00:10:57", "text": "section was like, who who's buying this?"}, {"start": "00:10:57", "end": "00:11:00", "text": "Who can afford this place? It's people"}, {"start": "00:11:00", "end": "00:11:02", "text": "who already have assets. It's people"}, {"start": "00:11:02", "end": "00:11:04", "text": "who've been buying, who've been"}, {"start": "00:11:04", "end": "00:11:06", "text": "accumulating, who have huge amounts of"}, {"start": "00:11:06", "end": "00:11:07", "text": "wealth because they've been doing this"}, {"start": "00:11:07", "end": "00:11:10", "text": "for the last 10 to 15 years. These are"}, {"start": "00:11:10", "end": "00:11:13", "text": "the buyers. Rich people have their own"}, {"start": "00:11:13", "end": "00:11:15", "text": "economies to themselves. This is what"}, {"start": "00:11:15", "end": "00:11:18", "text": "people also don't get when you see even"}, {"start": "00:11:18", "end": "00:11:20", "text": "like you know and I dare air quote here"}, {"start": "00:11:20", "end": "00:11:24", "text": "like luxury like clothing."}, {"start": "00:11:24", "end": "00:11:26", "text": "It's mainly so there's two categories"}, {"start": "00:11:26", "end": "00:11:28", "text": "for those of you who don't know of"}, {"start": "00:11:28", "end": "00:11:30", "text": "people who buy Louis Vuitton and Gucci"}, {"start": "00:11:30", "end": "00:11:32", "text": "and Prada and things like that. It's"}, {"start": "00:11:32", "end": "00:11:35", "text": "either poor people or rich people. This"}, {"start": "00:11:35", "end": "00:11:37", "text": "isn't a joke. These are the actual"}, {"start": "00:11:37", "end": "00:11:39", "text": "demographics. These companies know that"}, {"start": "00:11:39", "end": "00:11:44", "text": "when you have not a lot, usually this"}, {"start": "00:11:44", "end": "00:11:47", "text": "fuels a demand for people wanting to buy"}, {"start": "00:11:47", "end": "00:11:49", "text": "nice luxury things to show other people"}, {"start": "00:11:49", "end": "00:11:52", "text": "that they have it even when they don't."}, {"start": "00:11:52", "end": "00:11:54", "text": "This is a huge portion of the actual"}, {"start": "00:11:54", "end": "00:11:57", "text": "buyers of luxury items. The other side"}, {"start": "00:11:57", "end": "00:12:01", "text": "are the the are people who make 20 30 40"}, {"start": "00:12:01", "end": "00:12:05", "text": "50,000 passively from you know their"}, {"start": "00:12:05", "end": "00:12:07", "text": "their their investments. These are the"}, {"start": "00:12:07", "end": "00:12:09", "text": "people who also buy. So a lot of times"}, {"start": "00:12:09", "end": "00:12:11", "text": "you'll see things you must have seen"}, {"start": "00:12:11", "end": "00:12:12", "text": "them. People always ask like who who can"}, {"start": "00:12:12", "end": "00:12:14", "text": "buy this? Who can afford this? How can"}, {"start": "00:12:14", "end": "00:12:18", "text": "people how no rich people have their own"}, {"start": "00:12:18", "end": "00:12:20", "text": "economy within themselves? There's more"}, {"start": "00:12:20", "end": "00:12:22", "text": "and more millionaires all the time."}, {"start": "00:12:22", "end": "00:12:24", "text": "Every single day there's more and more"}, {"start": "00:12:24", "end": "00:12:25", "text": "new millionaires and this number is"}, {"start": "00:12:25", "end": "00:12:28", "text": "expected to completely you know increase"}, {"start": "00:12:28", "end": "00:12:30", "text": "further as there are a group of people"}, {"start": "00:12:30", "end": "00:12:32", "text": "like it's very similar. So sorry if I'm"}, {"start": "00:12:32", "end": "00:12:34", "text": "speaking so fast."}, {"start": "00:12:34", "end": "00:12:37", "text": "There are a group of people who realize"}, {"start": "00:12:37", "end": "00:12:39", "text": "what's going on and they're also trying"}, {"start": "00:12:39", "end": "00:12:43", "text": "to get there. It's me, it's you. It's"}, {"start": "00:12:43", "end": "00:12:45", "text": "years ago us hearing about crypto,"}, {"start": "00:12:45", "end": "00:12:47", "text": "getting interested, getting into the"}, {"start": "00:12:47", "end": "00:12:49", "text": "market. You've seen how much money"}, {"start": "00:12:49", "end": "00:12:51", "text": "you've made from this market after the"}, {"start": "00:12:51", "end": "00:12:53", "text": "last few years. You've seen uh, you"}, {"start": "00:12:53", "end": "00:12:57", "text": "know, put in $300, that coin, you know,"}, {"start": "00:12:57", "end": "00:13:00", "text": "in that portfolio is now worth 116,000."}, {"start": "00:13:00", "end": "00:13:03", "text": "It takes time, but you do get there. So"}, {"start": "00:13:03", "end": "00:13:05", "text": "there are other people who are in this"}, {"start": "00:13:05", "end": "00:13:07", "text": "system. That's why I keep saying realize"}, {"start": "00:13:07", "end": "00:13:10", "text": "how early you are in this market because"}, {"start": "00:13:10", "end": "00:13:12", "text": "the other interesting part about all of"}, {"start": "00:13:12", "end": "00:13:16", "text": "this has to do with how assets grow when"}, {"start": "00:13:16", "end": "00:13:18", "text": "inflation rises."}, {"start": "00:13:18", "end": "00:13:21", "text": "You might have had 35,000 in your crypto"}, {"start": "00:13:21", "end": "00:13:25", "text": "portfolio. You now have 115. Remember"}, {"start": "00:13:25", "end": "00:13:26", "text": "how we keep talking about the people are"}, {"start": "00:13:26", "end": "00:13:30", "text": "expecting Bitcoin's price to 10x."}, {"start": "00:13:30", "end": "00:13:33", "text": "Ethereum 20x over the course of the next"}, {"start": "00:13:33", "end": "00:13:36", "text": "10 to 15 years. XRP going to do a 30x"}, {"start": "00:13:36", "end": "00:13:40", "text": "$120 over the course of however long."}, {"start": "00:13:40", "end": "00:13:42", "text": "What happens to your portfolio in that"}, {"start": "00:13:42", "end": "00:13:44", "text": "time? You also then enter into the"}, {"start": "00:13:44", "end": "00:13:46", "text": "millionaire club. You become part of"}, {"start": "00:13:46", "end": "00:13:48", "text": "this group of people who have rising"}, {"start": "00:13:48", "end": "00:13:52", "text": "wealth because of cryptocurrency and"}, {"start": "00:13:52", "end": "00:13:54", "text": "asset accumulation. And you go, I need"}, {"start": "00:13:54", "end": "00:13:57", "text": "to spread to other assets. The thing we"}, {"start": "00:13:57", "end": "00:13:58", "text": "were talking about with tokenization,"}, {"start": "00:13:58", "end": "00:14:00", "text": "this is a huge thing. This isn't some"}, {"start": "00:14:00", "end": "00:14:02", "text": "fly by night thing. I I I mentioned in"}, {"start": "00:14:02", "end": "00:14:05", "text": "in a couple of videos, you have to"}, {"start": "00:14:05", "end": "00:14:08", "text": "understand these are NFTTS. They're"}, {"start": "00:14:08", "end": "00:14:11", "text": "tokens that are nonfgeable. You can tell"}, {"start": "00:14:11", "end": "00:14:14", "text": "the difference between that NFT that is"}, {"start": "00:14:14", "end": "00:14:17", "text": "the valuation of a $22 million home and"}, {"start": "00:14:17", "end": "00:14:21", "text": "that NFT that is a bicycle. That's how"}, {"start": "00:14:21", "end": "00:14:24", "text": "NFTTS actually work on chain. The"}, {"start": "00:14:24", "end": "00:14:27", "text": "difference is now here we go. Remember I"}, {"start": "00:14:27", "end": "00:14:29", "text": "told you the entire idea about wealth"}, {"start": "00:14:29", "end": "00:14:30", "text": "accumulation and the idea of like"}, {"start": "00:14:30", "end": "00:14:32", "text": "perpetual wealth accumulation. This is"}, {"start": "00:14:32", "end": "00:14:34", "text": "what's going to happen. This isn't a"}, {"start": "00:14:34", "end": "00:14:37", "text": "dream. This isn't 20 years away. This is"}, {"start": "00:14:37", "end": "00:14:38", "text": "what they're working on right now. This"}, {"start": "00:14:38", "end": "00:14:40", "text": "all these banks are talking about"}, {"start": "00:14:40", "end": "00:14:42", "text": "tokenizing their assets, tokenizing real"}, {"start": "00:14:42", "end": "00:14:44", "text": "estate, tokenizing their stocks,"}, {"start": "00:14:44", "end": "00:14:46", "text": "tokenizing securities, tokenizing these"}, {"start": "00:14:46", "end": "00:14:48", "text": "different forms of wealth."}, {"start": "00:14:48", "end": "00:14:54", "text": "you in buddy boy in the next 2 years"}, {"start": "00:14:54", "end": "00:14:57", "text": "it is going to be common place for you"}, {"start": "00:14:57", "end": "00:15:03", "text": "to have 0.07 07 Bitcoin. You have three"}, {"start": "00:15:03", "end": "00:15:06", "text": "Ether. You have 2,000 XRP. You're going"}, {"start": "00:15:06", "end": "00:15:09", "text": "to be able to stake all of these and"}, {"start": "00:15:09", "end": "00:15:10", "text": "make passive income from them. We've"}, {"start": "00:15:10", "end": "00:15:12", "text": "seen the stories. We know that it's"}, {"start": "00:15:12", "end": "00:15:14", "text": "going to happen. The money that you're"}, {"start": "00:15:14", "end": "00:15:16", "text": "making from that because of"}, {"start": "00:15:16", "end": "00:15:18", "text": "tokenization,"}, {"start": "00:15:18", "end": "00:15:20", "text": "you are going to be able to"}, {"start": "00:15:20", "end": "00:15:22", "text": "automatically"}, {"start": "00:15:22", "end": "00:15:25", "text": "daily allocate that money into other"}, {"start": "00:15:25", "end": "00:15:26", "text": "assets. Do you understand what I'm"}, {"start": "00:15:26", "end": "00:15:29", "text": "saying? the money that you make from all"}, {"start": "00:15:29", "end": "00:15:31", "text": "these coins for for staking. For those"}, {"start": "00:15:31", "end": "00:15:33", "text": "of you who don't know, most staking in"}, {"start": "00:15:33", "end": "00:15:38", "text": "crypto, you accumulate daily rewards."}, {"start": "00:15:38", "end": "00:15:40", "text": "Let's say random number. Let's say"}, {"start": "00:15:40", "end": "00:15:43", "text": "you're making $100 daily from your"}, {"start": "00:15:43", "end": "00:15:45", "text": "stake. It's a random number daily from"}, {"start": "00:15:45", "end": "00:15:48", "text": "your staking rewards. You are going to"}, {"start": "00:15:48", "end": "00:15:50", "text": "be able to tell"}, {"start": "00:15:50", "end": "00:15:53", "text": "the bot, the AI, whatever letters you"}, {"start": "00:15:53", "end": "00:15:55", "text": "want to use there, every time I make"}, {"start": "00:15:55", "end": "00:15:58", "text": "money from these coins, use it to buy a"}, {"start": "00:15:58", "end": "00:16:01", "text": "fraction of some tokenized asset. It"}, {"start": "00:16:01", "end": "00:16:03", "text": "goes, okay, cool. We're going to buy you"}, {"start": "00:16:03", "end": "00:16:05", "text": "three stocks here, and we're going to"}, {"start": "00:16:05", "end": "00:16:07", "text": "buy you a portion of a portion of this"}, {"start": "00:16:07", "end": "00:16:09", "text": "real estate. You do the like it's"}, {"start": "00:16:09", "end": "00:16:11", "text": "continual. It happens every 24 hours."}, {"start": "00:16:11", "end": "00:16:13", "text": "You forget about it. You go about your"}, {"start": "00:16:13", "end": "00:16:15", "text": "day. You're hanging out with your"}, {"start": "00:16:15", "end": "00:16:17", "text": "friends. You go play some sports. You,"}, {"start": "00:16:17", "end": "00:16:19", "text": "you know, you're gone for weeks not even"}, {"start": "00:16:19", "end": "00:16:21", "text": "realizing what's going on. You open your"}, {"start": "00:16:21", "end": "00:16:23", "text": "phone. You check your Binance app. You"}, {"start": "00:16:23", "end": "00:16:25", "text": "check your Coinbase. And you see on your"}, {"start": "00:16:25", "end": "00:16:28", "text": "portfolio, you now own thousands of"}, {"start": "00:16:28", "end": "00:16:30", "text": "extra dollars worth of assets. Even"}, {"start": "00:16:30", "end": "00:16:32", "text": "crazier, the assets that you've"}, {"start": "00:16:32", "end": "00:16:36", "text": "accumulated, you can make sure and tick"}, {"start": "00:16:36", "end": "00:16:38", "text": "only accumulate assets that are also"}, {"start": "00:16:38", "end": "00:16:41", "text": "creating some kind of money. So when you"}, {"start": "00:16:41", "end": "00:16:43", "text": "talk about tokenizing stocks and stuff"}, {"start": "00:16:43", "end": "00:16:45", "text": "like that and how how the stock"}, {"start": "00:16:45", "end": "00:16:48", "text": "exchanges remember how the stock"}, {"start": "00:16:48", "end": "00:16:49", "text": "exchanges all told us they're trying to"}, {"start": "00:16:49", "end": "00:16:53", "text": "go 247. They're tokenizing their stocks"}, {"start": "00:16:53", "end": "00:16:54", "text": "on chains."}, {"start": "00:16:54", "end": "00:16:58", "text": "This will also allow the yield and and"}, {"start": "00:16:58", "end": "00:17:01", "text": "and dividends from these stocks to also"}, {"start": "00:17:01", "end": "00:17:03", "text": "in turn become daily. It changes the"}, {"start": "00:17:03", "end": "00:17:05", "text": "idea of what finance is. We're not in"}, {"start": "00:17:05", "end": "00:17:08", "text": "the 1910s anymore. Things don't have to"}, {"start": "00:17:08", "end": "00:17:10", "text": "go slow."}, {"start": "00:17:10", "end": "00:17:12", "text": "All the things that you accumulated, the"}, {"start": "00:17:12", "end": "00:17:14", "text": "money that you're making passively every"}, {"start": "00:17:14", "end": "00:17:15", "text": "single day, you keep telling the"}, {"start": "00:17:15", "end": "00:17:18", "text": "algorithm, just buy more. Buy whatever"}, {"start": "00:17:18", "end": "00:17:20", "text": "you can. Buy fragments of art. Buy"}, {"start": "00:17:20", "end": "00:17:23", "text": "fragments of this. Buy fragments in in"}, {"start": "00:17:23", "end": "00:17:25", "text": "in gold. Buy fragments. You know, I you"}, {"start": "00:17:25", "end": "00:17:27", "text": "know, I even want $30 worth of stable"}, {"start": "00:17:27", "end": "00:17:28", "text": "coins every single day because they're"}, {"start": "00:17:28", "end": "00:17:32", "text": "giving me a 7% return."}, {"start": "00:17:32", "end": "00:17:35", "text": "Who do you think this benefits? This"}, {"start": "00:17:35", "end": "00:17:40", "text": "benefits the people with assets."}, {"start": "00:17:40", "end": "00:17:43", "text": "The way that this is all moving and"}, {"start": "00:17:43", "end": "00:17:45", "text": "these people are talking about into the"}, {"start": "00:17:45", "end": "00:17:49", "text": "next century, the year 2100."}, {"start": "00:17:49", "end": "00:17:52", "text": "We are in 2025."}, {"start": "00:17:52", "end": "00:17:54", "text": "If that's the world that we're looking"}, {"start": "00:17:54", "end": "00:17:57", "text": "at in 2027,"}, {"start": "00:17:58", "end": "00:18:01", "text": "by 2035, how rich are you? How many"}, {"start": "00:18:01", "end": "00:18:04", "text": "assets do you have on chain? How much"}, {"start": "00:18:04", "end": "00:18:06", "text": "fractional real estate do you own that's"}, {"start": "00:18:06", "end": "00:18:09", "text": "also paying you as people are paying"}, {"start": "00:18:09", "end": "00:18:12", "text": "rent?"}, {"start": "00:18:12", "end": "00:18:14", "text": "It's insane to think about. This is the"}, {"start": "00:18:14", "end": "00:18:15", "text": "way that things are moving. That's why"}, {"start": "00:18:15", "end": "00:18:17", "text": "I'm always like, you're early in this"}, {"start": "00:18:17", "end": "00:18:21", "text": "market. I wish we had billions of other"}, {"start": "00:18:21", "end": "00:18:23", "text": "people who would realize what's going"}, {"start": "00:18:23", "end": "00:18:25", "text": "on."}, {"start": "00:18:25", "end": "00:18:29", "text": "This dynamic will drive asset demand"}, {"start": "00:18:29", "end": "00:18:32", "text": "until the year 2100."}, {"start": "00:18:32", "end": "00:18:35", "text": "According to the US Federal Reserve,"}, {"start": "00:18:35", "end": "00:18:39", "text": "Bank of Kansas City, they said for asset"}, {"start": "00:18:39", "end": "00:18:43", "text": "demand, population aging means that the"}, {"start": "00:18:43", "end": "00:18:47", "text": "upward trend from recent decades will"}, {"start": "00:18:47", "end": "00:18:50", "text": "continue. I guess someone found this"}, {"start": "00:18:50", "end": "00:18:53", "text": "late. It says this is a report from the"}, {"start": "00:18:53", "end": "00:18:56", "text": "Fed on the 25th of August. I mean, it"}, {"start": "00:18:56", "end": "00:18:58", "text": "does happen every now and again. And we"}, {"start": "00:18:58", "end": "00:19:00", "text": "have situations where we hear that this"}, {"start": "00:19:00", "end": "00:19:03", "text": "company bought crypto, if you weren't"}, {"start": "00:19:03", "end": "00:19:05", "text": "here last year, we had a lot of uh"}, {"start": "00:19:05", "end": "00:19:08", "text": "people were looking through SEC filings"}, {"start": "00:19:08", "end": "00:19:11", "text": "and they found like, hey, that central"}, {"start": "00:19:11", "end": "00:19:13", "text": "bank actually bought some Bitcoin and"}, {"start": "00:19:13", "end": "00:19:15", "text": "they bought some Bitcoin ETFs, but"}, {"start": "00:19:15", "end": "00:19:17", "text": "people found out 6 months later. It"}, {"start": "00:19:17", "end": "00:19:19", "text": "happens every now and again. Sure. They"}, {"start": "00:19:19", "end": "00:19:23", "text": "said, \"Using demographic projections to"}, {"start": "00:19:23", "end": "00:19:26", "text": "extend our historical analysis,"}, {"start": "00:19:26", "end": "00:19:29", "text": "we project that aging will raise asset"}, {"start": "00:19:29", "end": "00:19:34", "text": "demand by an additional 200%"}, {"start": "00:19:34", "end": "00:19:38", "text": "of GDP. Gez Louise. Between 2024 and the"}, {"start": "00:19:38", "end": "00:19:41", "text": "year 2100, you know what's also going to"}, {"start": "00:19:41", "end": "00:19:46", "text": "raise asset demand? Inflation."}, {"start": "00:19:46", "end": "00:19:48", "text": "When you start seeing the stuff you you"}, {"start": "00:19:48", "end": "00:19:50", "text": "wanted to buy you can't buy anymore"}, {"start": "00:19:50", "end": "00:19:52", "text": "because it's too expensive. This is"}, {"start": "00:19:52", "end": "00:19:56", "text": "going to fuel"}, {"start": "00:19:56", "end": "00:20:01", "text": "huge amounts of money into assets. Did"}, {"start": "00:20:01", "end": "00:20:04", "text": "you think it was random that hundreds of"}, {"start": "00:20:04", "end": "00:20:06", "text": "companies announced they were buying"}, {"start": "00:20:06", "end": "00:20:08", "text": "Bitcoin? We're getting away from fiat."}, {"start": "00:20:08", "end": "00:20:10", "text": "We're buying tons of Bitcoin. We're"}, {"start": "00:20:10", "end": "00:20:12", "text": "buying tons of Ether. We're buying huge"}, {"start": "00:20:12", "end": "00:20:15", "text": "amounts of XRP. Yeah. We've decided as a"}, {"start": "00:20:15", "end": "00:20:17", "text": "company, we're going to just buy up"}, {"start": "00:20:17", "end": "00:20:20", "text": "every single home in America. I I don't"}, {"start": "00:20:20", "end": "00:20:23", "text": "know what else you want"}, {"start": "00:20:23", "end": "00:20:24", "text": "it. Once again, it's happening"}, {"start": "00:20:24", "end": "00:20:25", "text": "everywhere. I don't know if you saw as"}, {"start": "00:20:25", "end": "00:20:28", "text": "well. I think it was Black Stone. I want"}, {"start": "00:20:28", "end": "00:20:31", "text": "to say Blackstone uh is one of the"}, {"start": "00:20:31", "end": "00:20:33", "text": "companies this year who announced like"}, {"start": "00:20:33", "end": "00:20:37", "text": "how much um real estate that they want"}, {"start": "00:20:37", "end": "00:20:39", "text": "in the UK. Some other company was like,"}, {"start": "00:20:39", "end": "00:20:42", "text": "\"Yeah, we plan on purchasing uh 4,000"}, {"start": "00:20:42", "end": "00:20:44", "text": "homes.\" homes. Another one said 15,000."}, {"start": "00:20:44", "end": "00:20:46", "text": "I think it was Blackstone who was like,"}, {"start": "00:20:46", "end": "00:20:48", "text": "\"Yeah, we want a 100,000 homes within"}, {"start": "00:20:48", "end": "00:20:51", "text": "the next couple of years in the UK.\""}, {"start": "00:20:51", "end": "00:20:54", "text": "They will own everything. Remember, I"}, {"start": "00:20:54", "end": "00:20:56", "text": "will never ever tell ever ever tell you"}, {"start": "00:20:56", "end": "00:20:59", "text": "what to do with your money, but gosh"}, {"start": "00:20:59", "end": "00:21:01", "text": "darn it, if you at some point have the"}, {"start": "00:21:01", "end": "00:21:06", "text": "chance to buy a home, to buy a studio"}, {"start": "00:21:06", "end": "00:21:08", "text": "apartment to rent out,"}, {"start": "00:21:08", "end": "00:21:10", "text": "you might want to look into that. You"}, {"start": "00:21:10", "end": "00:21:12", "text": "might want to make sure that you hold a"}, {"start": "00:21:12", "end": "00:21:16", "text": "piece of that pie because land and home"}, {"start": "00:21:16", "end": "00:21:19", "text": "ownership are already nearly"}, {"start": "00:21:19", "end": "00:21:22", "text": "unobtainable for 99% of the population."}, {"start": "00:21:22", "end": "00:21:23", "text": "What do you think is going to happen"}, {"start": "00:21:23", "end": "00:21:26", "text": "when these people own everything?"}, {"start": "00:21:26", "end": "00:21:28", "text": "Imagine imagine for a second you own a"}, {"start": "00:21:28", "end": "00:21:30", "text": "company or like you're you're you're"}, {"start": "00:21:30", "end": "00:21:32", "text": "part of one of these companies."}, {"start": "00:21:32", "end": "00:21:34", "text": "You guys own all the real estate. You"}, {"start": "00:21:34", "end": "00:21:37", "text": "dictate the prices. H how much real"}, {"start": "00:21:37", "end": "00:21:40", "text": "estate do you plan on selling?"}, {"start": "00:21:40", "end": "00:21:42", "text": "The answer is none. Just in case you"}, {"start": "00:21:42", "end": "00:21:46", "text": "didn't get it because that real estate"}, {"start": "00:21:46", "end": "00:21:49", "text": "you pass on to your kids. You they pass"}, {"start": "00:21:49", "end": "00:21:51", "text": "it on to their kids. Yeah. We we we Have"}, {"start": "00:21:51", "end": "00:21:53", "text": "you ever seen those things where these"}, {"start": "00:21:53", "end": "00:21:55", "text": "like really rich families, you know,"}, {"start": "00:21:55", "end": "00:21:57", "text": "this family's been in our home for, you"}, {"start": "00:21:57", "end": "00:22:01", "text": "know, 150, 300 years?"}, {"start": "00:22:01", "end": "00:22:02", "text": "You know, that's where we're headed,"}, {"start": "00:22:02", "end": "00:22:04", "text": "right? Remember I told you, I've seen so"}, {"start": "00:22:04", "end": "00:22:06", "text": "many of these videos. There was one"}, {"start": "00:22:06", "end": "00:22:08", "text": "where this uh woman she was talking"}, {"start": "00:22:08", "end": "00:22:11", "text": "about like how these uh how these"}, {"start": "00:22:11", "end": "00:22:13", "text": "companies buy they they they buy in all"}, {"start": "00:22:13", "end": "00:22:15", "text": "cash sight unseen no need to do any"}, {"start": "00:22:15", "end": "00:22:17", "text": "checks. But she was saying the craziest"}, {"start": "00:22:17", "end": "00:22:21", "text": "part the other the other thing here is"}, {"start": "00:22:21", "end": "00:22:23", "text": "that these companies also they're in"}, {"start": "00:22:23", "end": "00:22:26", "text": "contact with the new development people."}, {"start": "00:22:26", "end": "00:22:28", "text": "So you you you sit there and you go well"}, {"start": "00:22:28", "end": "00:22:31", "text": "maybe I can buy some new development."}, {"start": "00:22:31", "end": "00:22:33", "text": "She said they know these people. They're"}, {"start": "00:22:33", "end": "00:22:34", "text": "in contact with them as well. So, they"}, {"start": "00:22:34", "end": "00:22:36", "text": "tell them, \"Hey, we know that you have a"}, {"start": "00:22:36", "end": "00:22:38", "text": "new development coming up with 110"}, {"start": "00:22:38", "end": "00:22:40", "text": "apartments. Uh, we're going to purchase"}, {"start": "00:22:40", "end": "00:22:43", "text": "80 of them cash upfront. Cool. They're"}, {"start": "00:22:43", "end": "00:22:45", "text": "done in 2 years. Sounds absolutely"}, {"start": "00:22:45", "end": "00:22:46", "text": "fantastic.\" Another company says, \"How"}, {"start": "00:22:46", "end": "00:22:48", "text": "many are left?\" 30. Cool. Like, we we'll"}, {"start": "00:22:48", "end": "00:22:52", "text": "buy them. They have first dibs."}, {"start": "00:22:52", "end": "00:22:54", "text": "The way that things kind of work now, if"}, {"start": "00:22:54", "end": "00:22:55", "text": "you have a new development, they'll"}, {"start": "00:22:55", "end": "00:22:57", "text": "slowly walk you through it. Yeah. You"}, {"start": "00:22:57", "end": "00:22:58", "text": "know, we have these homes and this is"}, {"start": "00:22:58", "end": "00:23:00", "text": "going to be built. If you have to work"}, {"start": "00:23:00", "end": "00:23:05", "text": "with 110 individual buyers who want to"}, {"start": "00:23:05", "end": "00:23:07", "text": "mortgage for 30 years, these companies,"}, {"start": "00:23:07", "end": "00:23:10", "text": "you know, they'll do it because it's the"}, {"start": "00:23:10", "end": "00:23:11", "text": "way that, you know, things have always"}, {"start": "00:23:11", "end": "00:23:13", "text": "worked. But if you have two companies"}, {"start": "00:23:13", "end": "00:23:14", "text": "saying, \"Yeah, we don't have to look at"}, {"start": "00:23:14", "end": "00:23:15", "text": "anything. Like, we trust you guys. Cool."}, {"start": "00:23:15", "end": "00:23:17", "text": "We'll buy the entire thing. We'll we'll"}, {"start": "00:23:17", "end": "00:23:20", "text": "we'll pay you tomorrow."}, {"start": "00:23:20", "end": "00:23:23", "text": "Quick close.\""}, {"start": "00:23:23", "end": "00:23:26", "text": "You need you need you need assets. You"}, {"start": "00:23:26", "end": "00:23:28", "text": "need them. You need them. This isn't"}, {"start": "00:23:28", "end": "00:23:30", "text": "This isn't the 1950s. It's not the"}, {"start": "00:23:30", "end": "00:23:32", "text": "1960s. No, we we we can't just get by"}, {"start": "00:23:32", "end": "00:23:34", "text": "with with hard work anymore. We can't,"}, {"start": "00:23:34", "end": "00:23:36", "text": "you know, pick up a shovel. I hope this"}, {"start": "00:23:36", "end": "00:23:38", "text": "works. Okay. You know, the government's"}, {"start": "00:23:38", "end": "00:23:41", "text": "going to support me with my 401k for H79"}, {"start": "00:23:41", "end": "00:23:43", "text": "and you No, no, no, no, no, no, no, no,"}, {"start": "00:23:43", "end": "00:23:46", "text": "no, no, no, no, no, no. All that's over."}, {"start": "00:23:46", "end": "00:23:50", "text": "Like, it's actually done."}, {"start": "00:23:51", "end": "00:23:54", "text": "The report added that this dynamic could"}, {"start": "00:23:54", "end": "00:23:58", "text": "imply a continued decline in real"}, {"start": "00:23:58", "end": "00:24:01", "text": "interest rates. Yeah. Boosting demand"}, {"start": "00:24:01", "end": "00:24:03", "text": "for alternative investments such as"}, {"start": "00:24:03", "end": "00:24:04", "text": "Bitcoin. Remember we were talking about"}, {"start": "00:24:04", "end": "00:24:07", "text": "that recently as well. If interest rates"}, {"start": "00:24:07", "end": "00:24:11", "text": "go down, it causes asset prices to"}, {"start": "00:24:11", "end": "00:24:15", "text": "rocket. It causes supermarket prices to"}, {"start": "00:24:15", "end": "00:24:18", "text": "go up. It causes home prices to go up."}, {"start": "00:24:18", "end": "00:24:21", "text": "It causes diaper prices to go up. The"}, {"start": "00:24:21", "end": "00:24:23", "text": "people who benefit are the people who"}, {"start": "00:24:23", "end": "00:24:25", "text": "hold"}, {"start": "00:24:25", "end": "00:24:29", "text": "the assets."}, {"start": "00:24:30", "end": "00:24:33", "text": "Yeah."}, {"start": "00:24:33", "end": "00:24:36", "text": "Uh while cryptocurrencies are still"}, {"start": "00:24:36", "end": "00:24:37", "text": "considered risky assets, growing"}, {"start": "00:24:37", "end": "00:24:40", "text": "regulatory clarity may lead the aging"}, {"start": "00:24:40", "end": "00:24:43", "text": "population to value Bitcoin as much as"}, {"start": "00:24:43", "end": "00:24:47", "text": "gold over the next 75 years. This is"}, {"start": "00:24:47", "end": "00:24:50", "text": "according to Gracie Chen, CEO of the"}, {"start": "00:24:50", "end": "00:24:54", "text": "crypto exchange BitGet. Do you want to"}, {"start": "00:24:54", "end": "00:24:56", "text": "hear something even crazier? And when I"}, {"start": "00:24:56", "end": "00:24:58", "text": "told you before, I said I think I'm I"}, {"start": "00:24:58", "end": "00:25:02", "text": "think I'm understanding. So, a we are"}, {"start": "00:25:02", "end": "00:25:06", "text": "the aging population as as it were."}, {"start": "00:25:06", "end": "00:25:07", "text": "Did you ever get a chance to look at"}, {"start": "00:25:07", "end": "00:25:08", "text": "that thing I was telling you about"}, {"start": "00:25:08", "end": "00:25:11", "text": "before called Crisper?"}, {"start": "00:25:11", "end": "00:25:15", "text": "I know some of you know it. C R I S P R."}, {"start": "00:25:15", "end": "00:25:18", "text": "It is gene editing software."}, {"start": "00:25:18", "end": "00:25:22", "text": "Scientists are now able to uh reverse"}, {"start": "00:25:22", "end": "00:25:28", "text": "aging in animals. It is expected before"}, {"start": "00:25:28", "end": "00:25:30", "text": "before 2030"}, {"start": "00:25:30", "end": "00:25:32", "text": "there will be something on the market"}, {"start": "00:25:32", "end": "00:25:35", "text": "that will allow everyday normal people"}, {"start": "00:25:35", "end": "00:25:37", "text": "to either freeze their this is real."}, {"start": "00:25:37", "end": "00:25:41", "text": "This isn't a joke. This is a real thing."}, {"start": "00:25:41", "end": "00:25:43", "text": "will allow people to be able to reverse"}, {"start": "00:25:43", "end": "00:25:45", "text": "their aging or freeze their aging"}, {"start": "00:25:45", "end": "00:25:49", "text": "wherever they actually are."}, {"start": "00:25:49", "end": "00:25:53", "text": "Who who who do you think that benefits?"}, {"start": "00:25:53", "end": "00:25:57", "text": "Is it the person working 60 hours a week"}, {"start": "00:25:57", "end": "00:25:59", "text": "behind the counter"}, {"start": "00:25:59", "end": "00:26:01", "text": "or is it the person who's worth millions"}, {"start": "00:26:01", "end": "00:26:04", "text": "and who has cryptocurrencies that are"}, {"start": "00:26:04", "end": "00:26:08", "text": "making them money every single day?"}, {"start": "00:26:10", "end": "00:26:14", "text": "The world is changing so fast and I I"}, {"start": "00:26:14", "end": "00:26:18", "text": "had I had past tense friends before who"}, {"start": "00:26:18", "end": "00:26:20", "text": "I told about crypto where things were"}, {"start": "00:26:20", "end": "00:26:22", "text": "I'm not a genius but just looking at the"}, {"start": "00:26:22", "end": "00:26:24", "text": "logic where things were going to go how"}, {"start": "00:26:24", "end": "00:26:26", "text": "prices were going to be the same exact"}, {"start": "00:26:26", "end": "00:26:28", "text": "thing for real estate same exact thing"}, {"start": "00:26:28", "end": "00:26:31", "text": "for art and I remember finding out about"}, {"start": "00:26:31", "end": "00:26:32", "text": "crisper and telling people and they were"}, {"start": "00:26:32", "end": "00:26:34", "text": "like you're watching too many movies I"}, {"start": "00:26:34", "end": "00:26:36", "text": "showed them news articles no one wanted"}, {"start": "00:26:36", "end": "00:26:39", "text": "to listen scientists have already been"}, {"start": "00:26:39", "end": "00:26:41", "text": "able to like slightly do it. They did"}, {"start": "00:26:41", "end": "00:26:43", "text": "this uh for a couple people. They were"}, {"start": "00:26:43", "end": "00:26:44", "text": "able to like get rid of their wrinkles"}, {"start": "00:26:44", "end": "00:26:47", "text": "like on their on their face like showing"}, {"start": "00:26:47", "end": "00:26:49", "text": "like the signs of like reversing of of"}, {"start": "00:26:49", "end": "00:26:53", "text": "actual aging."}, {"start": "00:26:53", "end": "00:26:56", "text": "Do you understand"}, {"start": "00:26:56", "end": "00:26:59", "text": "that within the next decade"}, {"start": "00:26:59", "end": "00:27:01", "text": "we are going to see brand new"}, {"start": "00:27:01", "end": "00:27:03", "text": "millionaires made and we're going to"}, {"start": "00:27:03", "end": "00:27:05", "text": "live in like imagine being perpetually"}, {"start": "00:27:05", "end": "00:27:07", "text": "rich forever."}, {"start": "00:27:07", "end": "00:27:10", "text": "And by the year 2100,"}, {"start": "00:27:10", "end": "00:27:12", "text": "you still look like you're like 28 and a"}, {"start": "00:27:12", "end": "00:27:15", "text": "half years old."}, {"start": "00:27:15", "end": "00:27:17", "text": "Google it. I'm telling you, it sounds"}, {"start": "00:27:17", "end": "00:27:19", "text": "crazy, but we we've had this technology"}, {"start": "00:27:19", "end": "00:27:21", "text": "since 2000. It's just that scientists"}, {"start": "00:27:21", "end": "00:27:23", "text": "have basically figured out how to"}, {"start": "00:27:23", "end": "00:27:24", "text": "perfect it now, and they're figuring out"}, {"start": "00:27:24", "end": "00:27:28", "text": "how to market it."}, {"start": "00:27:30", "end": "00:27:33", "text": "Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. I"}, {"start": "00:27:33", "end": "00:27:36", "text": "think the craziest part of all of this"}, {"start": "00:27:36", "end": "00:27:40", "text": "um for me always is not only time as I"}, {"start": "00:27:40", "end": "00:27:43", "text": "always say but people who just don't pay"}, {"start": "00:27:43", "end": "00:27:46", "text": "attention to it. People who continue to"}, {"start": "00:27:46", "end": "00:27:48", "text": "believe that this isn't going to happen"}, {"start": "00:27:48", "end": "00:27:50", "text": "or that won't take place or crypto is"}, {"start": "00:27:50", "end": "00:27:52", "text": "not going to do this and then prices go"}, {"start": "00:27:52", "end": "00:27:54", "text": "up and then they have the same exact in"}, {"start": "00:27:54", "end": "00:27:57", "text": "in 2028."}, {"start": "00:27:57", "end": "00:27:59", "text": "Bitcoin's only at 1.3 million. it's"}, {"start": "00:27:59", "end": "00:28:01", "text": "going to go down at some point and it's"}, {"start": "00:28:01", "end": "00:28:03", "text": "like okay and then it's just kind of"}, {"start": "00:28:03", "end": "00:28:06", "text": "this like weird skepticism that kind of"}, {"start": "00:28:06", "end": "00:28:09", "text": "continues forever. Uh rich people have"}, {"start": "00:28:09", "end": "00:28:11", "text": "their own economy. Rich people are going"}, {"start": "00:28:11", "end": "00:28:13", "text": "to live with automation. Rich people are"}, {"start": "00:28:13", "end": "00:28:16", "text": "going to not have to need workers"}, {"start": "00:28:16", "end": "00:28:18", "text": "when you can literally create your own"}, {"start": "00:28:18", "end": "00:28:20", "text": "money and continuously just buy up"}, {"start": "00:28:20", "end": "00:28:22", "text": "assets forever and just keep getting"}, {"start": "00:28:22", "end": "00:28:24", "text": "richer."}, {"start": "00:28:24", "end": "00:28:25", "text": "Look into it. I'm telling you. I'm"}, {"start": "00:28:25", "end": "00:28:27", "text": "telling it's it's very fascinating. I"}, {"start": "00:28:27", "end": "00:28:29", "text": "know it might be a bit shocking to a lot"}, {"start": "00:28:29", "end": "00:28:31", "text": "of people, but"}, {"start": "00:28:31", "end": "00:28:33", "text": "this is where we are. Welcome to the"}, {"start": "00:28:33", "end": "00:28:35", "text": "future."}, {"start": "00:28:35", "end": "00:28:37", "text": "Yeah."}, {"start": "00:28:37", "end": "00:28:40", "text": "So, I think that's going to do it for"}, {"start": "00:28:40", "end": "00:28:41", "text": "this video. Definitely going to do it"}, {"start": "00:28:41", "end": "00:28:45", "text": "for this video. I sincerely hope that"}, {"start": "00:28:45", "end": "00:28:48", "text": "you all are listening. I sincerely hope"}, {"start": "00:28:48", "end": "00:28:50", "text": "that you all are having a great day. I"}, {"start": "00:28:50", "end": "00:28:52", "text": "sincerely hope that you all are"}, {"start": "00:28:52", "end": "00:28:55", "text": "investing and saving and putting money"}, {"start": "00:28:55", "end": "00:28:58", "text": "away and looking towards the future uh"}, {"start": "00:28:58", "end": "00:29:00", "text": "because nobody's going to do it but you."}, {"start": "00:29:00", "end": "00:29:02", "text": "Thank you all once again for watching,"}, {"start": "00:29:02", "end": "00:29:04", "text": "listening, liking, commenting and"}, {"start": "00:29:04", "end": "00:29:07", "text": "supporting and I will"}, {"start": "00:29:07", "end": "00:29:10", "text": "most certainly be talking to you all"}, {"start": "00:29:10", "end": "00:29:13", "text": "soon."}, {"start": "00:29:14", "end": "00:29:16", "text": "See"}]

[{"start": "00:00:01", "end": "00:00:03", "text": "Hello"}, {"start": "00:00:03", "end": "00:00:05", "text": "everybody."}, {"start": "00:00:05", "end": "00:00:11", "text": "Welcome back for another video."}, {"start": "00:00:11", "end": "00:00:14", "text": "Hope you're all doing well. Hope"}, {"start": "00:00:14", "end": "00:00:17", "text": "everyone out there is doing absolutely"}, {"start": "00:00:17", "end": "00:00:19", "text": "fantastic"}, {"start": "00:00:19", "end": "00:00:22", "text": "and that you're all having a great day."}, {"start": "00:00:22", "end": "00:00:26", "text": "Don't forget to follow me on social"}, {"start": "00:00:26", "end": "00:00:28", "text": "media."}, {"start": "00:00:28", "end": "00:00:31", "text": "Uh there are links in the description"}, {"start": "00:00:31", "end": "00:00:34", "text": "below the video. Yeah, I hope everyone"}, {"start": "00:00:34", "end": "00:00:36", "text": "out there has been doing great and that"}, {"start": "00:00:36", "end": "00:00:39", "text": "you're all remembering to continue"}, {"start": "00:00:39", "end": "00:00:42", "text": "investing. No one else is going to do it"}, {"start": "00:00:42", "end": "00:00:46", "text": "for you. And without any further ado,"}, {"start": "00:00:46", "end": "00:00:49", "text": "let's jump right into it. You all know"}, {"start": "00:00:49", "end": "00:00:53", "text": "the deal. cryptocurrency news"}, {"start": "00:00:53", "end": "00:00:58", "text": "uh as of late has kind of uh rotated or"}, {"start": "00:00:58", "end": "00:01:01", "text": "is now revolving around uh a certain"}, {"start": "00:01:01", "end": "00:01:06", "text": "amount of topics. It seems that with the"}, {"start": "00:01:06", "end": "00:01:09", "text": "massive amount of wealth consolidation,"}, {"start": "00:01:09", "end": "00:01:12", "text": "we're also getting this kind of direct"}, {"start": "00:01:12", "end": "00:01:15", "text": "focus on very specific things within the"}, {"start": "00:01:15", "end": "00:01:19", "text": "cryptocurrency space or the idea of what"}, {"start": "00:01:19", "end": "00:01:21", "text": "is going to make money within this"}, {"start": "00:01:21", "end": "00:01:25", "text": "market over the next couple of years."}, {"start": "00:01:25", "end": "00:01:30", "text": "This one should come as absolutely no"}, {"start": "00:01:30", "end": "00:01:36", "text": "surprise as um since the SEC's rule"}, {"start": "00:01:36", "end": "00:01:39", "text": "change, we have had a lot of"}, {"start": "00:01:39", "end": "00:01:43", "text": "applications for ETFs as of late, if you"}, {"start": "00:01:43", "end": "00:01:46", "text": "missed one of the most recent videos, uh"}, {"start": "00:01:46", "end": "00:01:48", "text": "there were two companies and I would and"}, {"start": "00:01:48", "end": "00:01:49", "text": "I don't really know if they're two"}, {"start": "00:01:49", "end": "00:01:51", "text": "separate companies. I know that sounds"}, {"start": "00:01:51", "end": "00:01:54", "text": "weird, but the article spoke of them as"}, {"start": "00:01:54", "end": "00:01:57", "text": "like almost two entities filing at once,"}, {"start": "00:01:57", "end": "00:02:00", "text": "you know, their their applications, but"}, {"start": "00:02:00", "end": "00:02:05", "text": "uh they applied for 21"}, {"start": "00:02:05", "end": "00:02:09", "text": "ETFs on the same exact day. Uh so we"}, {"start": "00:02:09", "end": "00:02:11", "text": "we're definitely seeing this idea of the"}, {"start": "00:02:11", "end": "00:02:16", "text": "cryptocurrency market and next year and"}, {"start": "00:02:16", "end": "00:02:18", "text": "the desire to have ETFs and how much"}, {"start": "00:02:18", "end": "00:02:20", "text": "money there is to be made and all these"}, {"start": "00:02:20", "end": "00:02:22", "text": "kinds of like this is what I mean like"}, {"start": "00:02:22", "end": "00:02:26", "text": "is this kind of if the SEC continues to"}, {"start": "00:02:26", "end": "00:02:28", "text": "be"}, {"start": "00:02:28", "end": "00:02:31", "text": "nice to the cryptocurrency market we're"}, {"start": "00:02:31", "end": "00:02:33", "text": "probably"}, {"start": "00:02:33", "end": "00:02:36", "text": "going to have several hundred"}, {"start": "00:02:36", "end": "00:02:40", "text": "uh cryptocurrency ETF FS just within the"}, {"start": "00:02:40", "end": "00:02:44", "text": "United States alone."}, {"start": "00:02:44", "end": "00:02:46", "text": "Van Eek, VANC is one of the companies"}, {"start": "00:02:46", "end": "00:02:49", "text": "who first announced years ago that they"}, {"start": "00:02:49", "end": "00:02:51", "text": "were thinking about getting into crypto"}, {"start": "00:02:51", "end": "00:02:56", "text": "ETF issuer, etc., etc. Van has"}, {"start": "00:02:56", "end": "00:03:01", "text": "officially registered their Van Eclo"}, {"start": "00:03:01", "end": "00:03:05", "text": "staked Ethereum ETF in the state of"}, {"start": "00:03:05", "end": "00:03:08", "text": "Delaware. Yeah, you heard the word"}, {"start": "00:03:08", "end": "00:03:11", "text": "staked. That was something earlier this"}, {"start": "00:03:11", "end": "00:03:14", "text": "year that became a topic of"}, {"start": "00:03:14", "end": "00:03:15", "text": "discussion. I was going to say hot"}, {"start": "00:03:15", "end": "00:03:17", "text": "topic, but it was just more like, well,"}, {"start": "00:03:17", "end": "00:03:19", "text": "we all knew that was going to happen. A"}, {"start": "00:03:19", "end": "00:03:21", "text": "lot of the ETF issuers"}, {"start": "00:03:21", "end": "00:03:24", "text": "who uh have"}, {"start": "00:03:24", "end": "00:03:27", "text": "Ethereum uh ETFs decided that they"}, {"start": "00:03:27", "end": "00:03:30", "text": "wanted to also add the word staking."}, {"start": "00:03:30", "end": "00:03:32", "text": "Ethereum has staking just in general in"}, {"start": "00:03:32", "end": "00:03:34", "text": "its programming,"}, {"start": "00:03:34", "end": "00:03:36", "text": "but they weren't allowed to actually add"}, {"start": "00:03:36", "end": "00:03:39", "text": "it on to their uh ETFs because of we"}, {"start": "00:03:39", "end": "00:03:42", "text": "heard because of Gary Gensler. And since"}, {"start": "00:03:42", "end": "00:03:44", "text": "he left, there's been a huge amount of"}, {"start": "00:03:44", "end": "00:03:47", "text": "optimism basically for multitude of"}, {"start": "00:03:47", "end": "00:03:50", "text": "coins, especially the other 21 we just"}, {"start": "00:03:50", "end": "00:03:54", "text": "heard of. Around half of them"}, {"start": "00:03:54", "end": "00:03:57", "text": "have a st staking capabilities which"}, {"start": "00:03:57", "end": "00:04:01", "text": "would then give uh a yield andor passive"}, {"start": "00:04:01", "end": "00:04:03", "text": "income to people actually holding on to"}, {"start": "00:04:03", "end": "00:04:08", "text": "said ETF. We've also seen applications"}, {"start": "00:04:08", "end": "00:04:13", "text": "for uh Bitcoin income ETFs as well."}, {"start": "00:04:13", "end": "00:04:15", "text": "Basically, everything in the future for"}, {"start": "00:04:15", "end": "00:04:19", "text": "crypto is going to have some sort of a"}, {"start": "00:04:19", "end": "00:04:23", "text": "passive income way of making money. If"}, {"start": "00:04:23", "end": "00:04:26", "text": "approved, this would expand its crypto"}, {"start": "00:04:26", "end": "00:04:30", "text": "exchange traded funds. Investors"}, {"start": "00:04:30", "end": "00:04:33", "text": "optimism is reflected in Leo's price"}, {"start": "00:04:33", "end": "00:04:36", "text": "rising. Fantastic. As per the official"}, {"start": "00:04:36", "end": "00:04:38", "text": "document, it is registered as a"}, {"start": "00:04:38", "end": "00:04:42", "text": "statutory trust with the agent being the"}, {"start": "00:04:42", "end": "00:04:46", "text": "CSC Delaware trust company. The move is"}, {"start": "00:04:46", "end": "00:04:48", "text": "a significant step towards offering"}, {"start": "00:04:48", "end": "00:04:51", "text": "staked Ethereum products to all category"}, {"start": "00:04:51", "end": "00:04:54", "text": "of investors. The obsession that these"}, {"start": "00:04:54", "end": "00:04:57", "text": "companies have had have kind of llay out"}, {"start": "00:04:57", "end": "00:05:01", "text": "for me and should have for you as well."}, {"start": "00:05:01", "end": "00:05:05", "text": "this idea of crypto additionally needing"}, {"start": "00:05:05", "end": "00:05:07", "text": "to do something. This is why I think we"}, {"start": "00:05:07", "end": "00:05:10", "text": "keep hearing every other day, a new"}, {"start": "00:05:10", "end": "00:05:12", "text": "product is launching, a new company is"}, {"start": "00:05:12", "end": "00:05:14", "text": "doing this, the company's trying to push"}, {"start": "00:05:14", "end": "00:05:16", "text": "this, this is going to happen, this is"}, {"start": "00:05:16", "end": "00:05:17", "text": "going to have a yield, this is going to"}, {"start": "00:05:17", "end": "00:05:20", "text": "have staking. It just seems to be, I"}, {"start": "00:05:20", "end": "00:05:22", "text": "guess, maybe the next step, which is"}, {"start": "00:05:22", "end": "00:05:25", "text": "also kind of interesting that we're in"}, {"start": "00:05:25", "end": "00:05:28", "text": "this market where essentially"}, {"start": "00:05:28", "end": "00:05:31", "text": "everything can be programmed to like"}, {"start": "00:05:31", "end": "00:05:34", "text": "make extra money. You ever thought about"}, {"start": "00:05:34", "end": "00:05:37", "text": "that? Like Ethereum didn't have a yield"}, {"start": "00:05:37", "end": "00:05:39", "text": "before and then someone said, \"Okay, all"}, {"start": "00:05:39", "end": "00:05:42", "text": "the new coins being created uh will"}, {"start": "00:05:42", "end": "00:05:44", "text": "simply go to people who are staking the"}, {"start": "00:05:44", "end": "00:05:46", "text": "coins that they already have.\" the idea"}, {"start": "00:05:46", "end": "00:05:50", "text": "of Bitcoin natively or unnatively having"}, {"start": "00:05:50", "end": "00:05:52", "text": "something next to it that literally says"}, {"start": "00:05:52", "end": "00:05:54", "text": "like okay like this will just pay you"}, {"start": "00:05:54", "end": "00:05:56", "text": "extra money for simply holding on to the"}, {"start": "00:05:56", "end": "00:05:57", "text": "Bitcoin and then the extra money that"}, {"start": "00:05:57", "end": "00:05:58", "text": "you can make you can then reinvest into"}, {"start": "00:05:58", "end": "00:06:01", "text": "Bitcoin to make you more extra money"}, {"start": "00:06:01", "end": "00:06:03", "text": "where this is a weird market that we"}, {"start": "00:06:03", "end": "00:06:06", "text": "have that kind of"}, {"start": "00:06:06", "end": "00:06:09", "text": "perpetually will just continue to"}, {"start": "00:06:09", "end": "00:06:12", "text": "make money. The establishment of the"}, {"start": "00:06:12", "end": "00:06:14", "text": "first Ethereum staking ETF has already"}, {"start": "00:06:14", "end": "00:06:18", "text": "shown how demand for su products can"}, {"start": "00:06:18", "end": "00:06:22", "text": "accelerate investor interest in ETH. The"}, {"start": "00:06:22", "end": "00:06:24", "text": "company already oversees spot bitcoin"}, {"start": "00:06:24", "end": "00:06:26", "text": "and ethereum ETFs. The two have"}, {"start": "00:06:26", "end": "00:06:28", "text": "attracted significant inflows since"}, {"start": "00:06:28", "end": "00:06:31", "text": "their launch by linking the new offering"}, {"start": "00:06:31", "end": "00:06:35", "text": "to Leo's staked Ethereum. Van targets to"}, {"start": "00:06:35", "end": "00:06:37", "text": "capitalize on the growing investor"}, {"start": "00:06:37", "end": "00:06:39", "text": "interest in yield generating digital"}, {"start": "00:06:39", "end": "00:06:41", "text": "assets. This has been like absolutely"}, {"start": "00:06:41", "end": "00:06:43", "text": "insane as of late. We've been going over"}, {"start": "00:06:43", "end": "00:06:45", "text": "this almost every single day. There's"}, {"start": "00:06:45", "end": "00:06:48", "text": "this huge amount of interest out of"}, {"start": "00:06:48", "end": "00:06:50", "text": "nowhere. I mean, but also if you can do"}, {"start": "00:06:50", "end": "00:06:52", "text": "it, then do it. That that's I think kind"}, {"start": "00:06:52", "end": "00:06:54", "text": "of the general idea that has more or"}, {"start": "00:06:54", "end": "00:06:57", "text": "less popped up in my mind. We've been"}, {"start": "00:06:57", "end": "00:06:59", "text": "told constantly that all these things"}, {"start": "00:06:59", "end": "00:07:02", "text": "can kind of mimic each other. And if one"}, {"start": "00:07:02", "end": "00:07:04", "text": "of them is creating a yield, my coin can"}, {"start": "00:07:04", "end": "00:07:06", "text": "also create a yield. If your ETF is"}, {"start": "00:07:06", "end": "00:07:10", "text": "doing it, my ETF can do it. The center"}, {"start": "00:07:10", "end": "00:07:12", "text": "of discussion once again will revolve"}, {"start": "00:07:12", "end": "00:07:15", "text": "around the idea of"}, {"start": "00:07:15", "end": "00:07:18", "text": "normal people just not paying attention."}, {"start": "00:07:18", "end": "00:07:20", "text": "That's going to be a big kicker in the"}, {"start": "00:07:20", "end": "00:07:22", "text": "coming years. Not to get too much into"}, {"start": "00:07:22", "end": "00:07:25", "text": "the discussion right now. We were also"}, {"start": "00:07:25", "end": "00:07:28", "text": "talking recently about inflation and how"}, {"start": "00:07:28", "end": "00:07:30", "text": "much worse it's going to get."}, {"start": "00:07:30", "end": "00:07:32", "text": "Inflation's not going to get better"}, {"start": "00:07:32", "end": "00:07:34", "text": "mathematically through time. The more"}, {"start": "00:07:34", "end": "00:07:37", "text": "money you print, the more money you"}, {"start": "00:07:37", "end": "00:07:40", "text": "create, the the worse and less valued"}, {"start": "00:07:40", "end": "00:07:42", "text": "the money that was already printed gets."}, {"start": "00:07:42", "end": "00:07:44", "text": "If you keep printing more, if interest"}, {"start": "00:07:44", "end": "00:07:46", "text": "rates go down and people are"}, {"start": "00:07:46", "end": "00:07:48", "text": "incentivized to continue to take out"}, {"start": "00:07:48", "end": "00:07:51", "text": "debt and buy more and hoard more and so"}, {"start": "00:07:51", "end": "00:07:54", "text": "and so, well, then you're going to get"}, {"start": "00:07:54", "end": "00:07:56", "text": "terrible inflation. Prices will rise."}, {"start": "00:07:56", "end": "00:07:59", "text": "Everyone holding on to assets uh will"}, {"start": "00:07:59", "end": "00:08:01", "text": "benefit. That's always the the takeaway"}, {"start": "00:08:01", "end": "00:08:05", "text": "here. Uh but the majority of people"}, {"start": "00:08:05", "end": "00:08:07", "text": "don't have assets. And I have a weird"}, {"start": "00:08:07", "end": "00:08:12", "text": "question. I grew up I remember hearing"}, {"start": "00:08:12", "end": "00:08:13", "text": "uh that investing was a scam. I don't"}, {"start": "00:08:13", "end": "00:08:16", "text": "know if anyone else had the same thing"}, {"start": "00:08:16", "end": "00:08:18", "text": "in their life. I remember family members"}, {"start": "00:08:18", "end": "00:08:20", "text": "I didn't even know what investing was."}, {"start": "00:08:20", "end": "00:08:24", "text": "anytime anything about the the stock"}, {"start": "00:08:24", "end": "00:08:27", "text": "market came on to TV or if we were in a"}, {"start": "00:08:27", "end": "00:08:29", "text": "recession or"}, {"start": "00:08:29", "end": "00:08:31", "text": "heaven forbid should like you know"}, {"start": "00:08:31", "end": "00:08:33", "text": "stocks have fallen and like it made it"}, {"start": "00:08:33", "end": "00:08:35", "text": "to like you know like local news. I"}, {"start": "00:08:35", "end": "00:08:37", "text": "remember people across the entirety of"}, {"start": "00:08:37", "end": "00:08:39", "text": "my family. Ah that's a scam. I knew it"}, {"start": "00:08:39", "end": "00:08:41", "text": "was a scam. prices always go down. And"}, {"start": "00:08:41", "end": "00:08:43", "text": "it was always this kind of a"}, {"start": "00:08:43", "end": "00:08:46", "text": "a loop that kept on continuing where a"}, {"start": "00:08:46", "end": "00:08:49", "text": "lot of poor people just don't understand"}, {"start": "00:08:49", "end": "00:08:50", "text": "buying assets, holding them, and"}, {"start": "00:08:50", "end": "00:08:52", "text": "nonetheless like a yield and staking"}, {"start": "00:08:52", "end": "00:08:54", "text": "passive income. That's definitely you"}, {"start": "00:08:54", "end": "00:08:57", "text": "can't make money from nothing like that"}, {"start": "00:08:57", "end": "00:09:01", "text": "kind of thing. So, billions"}, {"start": "00:09:01", "end": "00:09:04", "text": "of people would benefit."}, {"start": "00:09:04", "end": "00:09:07", "text": "Uh but once again, very few people are"}, {"start": "00:09:07", "end": "00:09:09", "text": "paying attention. So, by the I assume by"}, {"start": "00:09:09", "end": "00:09:10", "text": "the time we get to mid, as I've said"}, {"start": "00:09:10", "end": "00:09:15", "text": "before, mid 2026, the end of 2026, all"}, {"start": "00:09:15", "end": "00:09:17", "text": "the crypto that's actually liquid will"}, {"start": "00:09:17", "end": "00:09:19", "text": "probably be gone. I think people will"}, {"start": "00:09:19", "end": "00:09:23", "text": "begin to realize the the folly of them"}, {"start": "00:09:23", "end": "00:09:27", "text": "not accumulating uh when prices are even"}, {"start": "00:09:27", "end": "00:09:30", "text": "higher than they are now. Anyway, yeah,"}, {"start": "00:09:30", "end": "00:09:31", "text": "we're getting a lot of these. We're"}, {"start": "00:09:31", "end": "00:09:34", "text": "getting a lot more news as of late about"}, {"start": "00:09:34", "end": "00:09:36", "text": "um companies trying to launch new ETFs"}, {"start": "00:09:36", "end": "00:09:39", "text": "or buckets of ETFs, huge amounts of them"}, {"start": "00:09:39", "end": "00:09:42", "text": "at once. And the name of the game right"}, {"start": "00:09:42", "end": "00:09:44", "text": "now is yield, yield, yield, yield,"}, {"start": "00:09:44", "end": "00:09:47", "text": "yield, yield. I assume the the richer"}, {"start": "00:09:47", "end": "00:09:50", "text": "investors behind the scenes have been"}, {"start": "00:09:50", "end": "00:09:52", "text": "having discussions with VANC and"}, {"start": "00:09:52", "end": "00:09:55", "text": "Fidelity and Black Rockck and the"}, {"start": "00:09:55", "end": "00:09:58", "text": "Ethereum Foundation and Cardano etc."}, {"start": "00:09:58", "end": "00:10:00", "text": "because every single thing seems to be"}, {"start": "00:10:00", "end": "00:10:03", "text": "about DeFi creating a yield putting it"}, {"start": "00:10:03", "end": "00:10:06", "text": "into this making extra money. So that's"}, {"start": "00:10:06", "end": "00:10:08", "text": "just the way the market's going. Yeah,"}, {"start": "00:10:08", "end": "00:10:12", "text": "that's the another one."}, {"start": "00:10:12", "end": "00:10:14", "text": "Okie dokie."}, {"start": "00:10:14", "end": "00:10:17", "text": "Let's move on"}, {"start": "00:10:17", "end": "00:10:22", "text": "in what? That's crazy. Why? Why would"}, {"start": "00:10:22", "end": "00:10:24", "text": "they be saying that? The obsession"}, {"start": "00:10:24", "end": "00:10:28", "text": "around 2026 continues. I know we're not"}, {"start": "00:10:28", "end": "00:10:32", "text": "that far away, but gosh darn it. Uh"}, {"start": "00:10:32", "end": "00:10:34", "text": "there's a huge"}, {"start": "00:10:34", "end": "00:10:38", "text": "amount of speculation as to where things"}, {"start": "00:10:38", "end": "00:10:41", "text": "are going to go next year. Are we still"}, {"start": "00:10:41", "end": "00:10:45", "text": "in some kind of a four-year cycle? Have"}, {"start": "00:10:45", "end": "00:10:48", "text": "cycles broken? Stable coins. What are"}, {"start": "00:10:48", "end": "00:10:52", "text": "stable coins going to do next year? This"}, {"start": "00:10:52", "end": "00:10:54", "text": "market is expected to become a multi-"}, {"start": "00:10:54", "end": "00:10:58", "text": "trillion dollar asset class by next"}, {"start": "00:10:58", "end": "00:11:01", "text": "year. The predictions have been for a"}, {"start": "00:11:01", "end": "00:11:04", "text": "while that as more stable coins enter"}, {"start": "00:11:04", "end": "00:11:08", "text": "the market, the liquidity enters and"}, {"start": "00:11:08", "end": "00:11:10", "text": "expands within crypto. And when that"}, {"start": "00:11:10", "end": "00:11:12", "text": "happens, more money flows into crypto."}, {"start": "00:11:12", "end": "00:11:14", "text": "More money flows into crypto equals"}, {"start": "00:11:14", "end": "00:11:17", "text": "higher prices. Higher prices equals more"}, {"start": "00:11:17", "end": "00:11:19", "text": "products that deliver a yield for said"}, {"start": "00:11:19", "end": "00:11:22", "text": "coins equals more interest in those"}, {"start": "00:11:22", "end": "00:11:26", "text": "coins. More stable coins get used,"}, {"start": "00:11:26", "end": "00:11:30", "text": "etc. City Bank is in the news today."}, {"start": "00:11:30", "end": "00:11:33", "text": "City Bank has predicted"}, {"start": "00:11:33", "end": "00:11:37", "text": "that the stable coin market will make a"}, {"start": "00:11:37", "end": "00:11:42", "text": "big splash in the next five years. We"}, {"start": "00:11:42", "end": "00:11:46", "text": "have heard the same thing over and over"}, {"start": "00:11:46", "end": "00:11:51", "text": "and over. Every bank, every hedge fund,"}, {"start": "00:11:51", "end": "00:11:55", "text": "every government, every company, they're"}, {"start": "00:11:55", "end": "00:11:57", "text": "all talking about creating a stable"}, {"start": "00:11:57", "end": "00:12:00", "text": "coin, having a stable coin. how big this"}, {"start": "00:12:00", "end": "00:12:02", "text": "market is going to be, how much money is"}, {"start": "00:12:02", "end": "00:12:04", "text": "going to be reflected in this, how much"}, {"start": "00:12:04", "end": "00:12:07", "text": "liquid re remember I I I I was telling"}, {"start": "00:12:07", "end": "00:12:09", "text": "you I said like kind of like try and"}, {"start": "00:12:09", "end": "00:12:12", "text": "follow the patterns."}, {"start": "00:12:12", "end": "00:12:14", "text": "Everything is about stable coins."}, {"start": "00:12:14", "end": "00:12:17", "text": "Everything is about Bitcoin purchasing."}, {"start": "00:12:17", "end": "00:12:19", "text": "Everything is about yield right now. How"}, {"start": "00:12:19", "end": "00:12:21", "text": "much yield can you get from these"}, {"start": "00:12:21", "end": "00:12:24", "text": "cryptocurrencies that have existed for a"}, {"start": "00:12:24", "end": "00:12:26", "text": "while? Tokenization."}, {"start": "00:12:26", "end": "00:12:30", "text": "tokenizing on big chains that offer you"}, {"start": "00:12:30", "end": "00:12:33", "text": "a yield that also buy things that create"}, {"start": "00:12:33", "end": "00:12:36", "text": "passive income. Holding stable coins."}, {"start": "00:12:36", "end": "00:12:39", "text": "There was a new story two weeks ago. It"}, {"start": "00:12:39", "end": "00:12:42", "text": "was I think Coinbase briefly spoke about"}, {"start": "00:12:42", "end": "00:12:46", "text": "it as well. There are allegedly rumors"}, {"start": "00:12:46", "end": "00:12:49", "text": "that a number of larger banks within the"}, {"start": "00:12:49", "end": "00:12:52", "text": "United States are allegedly trying to"}, {"start": "00:12:52", "end": "00:12:55", "text": "get stable coin issuers to not be able"}, {"start": "00:12:55", "end": "00:12:59", "text": "to offer or give yield. A lot of stable"}, {"start": "00:12:59", "end": "00:13:01", "text": "coins like CircleCoin and Tether,"}, {"start": "00:13:01", "end": "00:13:03", "text": "depending on which platform and website"}, {"start": "00:13:03", "end": "00:13:06", "text": "you are using or holding them, they can"}, {"start": "00:13:06", "end": "00:13:08", "text": "give you a two, three, four, five, six%"}, {"start": "00:13:08", "end": "00:13:10", "text": "return. Like that's that's incredible."}, {"start": "00:13:10", "end": "00:13:13", "text": "The problem is that banks don't do that."}, {"start": "00:13:13", "end": "00:13:16", "text": "They do not offer those numbers. So"}, {"start": "00:13:16", "end": "00:13:18", "text": "yeah, this is"}, {"start": "00:13:18", "end": "00:13:20", "text": "the stuff that we keep hearing about all"}, {"start": "00:13:20", "end": "00:13:23", "text": "the time. According to the bank's new"}, {"start": "00:13:23", "end": "00:13:28", "text": "report, stable coin issuance could reach"}, {"start": "00:13:28", "end": "00:13:29", "text": "$1.9"}, {"start": "00:13:29", "end": "00:13:35", "text": "trillion US by 2030. And that's low. The"}, {"start": "00:13:35", "end": "00:13:38", "text": "previous estimate was 1.6 trillion. Here"}, {"start": "00:13:38", "end": "00:13:41", "text": "we go. In an optimistic scenario, that"}, {"start": "00:13:41", "end": "00:13:44", "text": "figure could reach as much as $4"}, {"start": "00:13:44", "end": "00:13:46", "text": "trillion dollar. There's a reason why"}, {"start": "00:13:46", "end": "00:13:49", "text": "all these companies are foaming at the"}, {"start": "00:13:49", "end": "00:13:52", "text": "mouth over the idea of launching them."}, {"start": "00:13:52", "end": "00:13:56", "text": "We are according to reports potentially"}, {"start": "00:13:56", "end": "00:13:59", "text": "going to get an Amazon coin next year,"}, {"start": "00:13:59", "end": "00:14:02", "text": "another Facebook coin. Uh there are"}, {"start": "00:14:02", "end": "00:14:04", "text": "rumors about Uber and Lyft trying to"}, {"start": "00:14:04", "end": "00:14:08", "text": "develop. Basically, every single company"}, {"start": "00:14:08", "end": "00:14:11", "text": "will have some kind of a coin. The"}, {"start": "00:14:11", "end": "00:14:16", "text": "report authored by Ronnet Goza, G H O S"}, {"start": "00:14:16", "end": "00:14:20", "text": "E, global head of future finance at City"}, {"start": "00:14:20", "end": "00:14:24", "text": "Institute, and Ryan Rug with two G's,"}, {"start": "00:14:24", "end": "00:14:26", "text": "global head of digital assets at City"}, {"start": "00:14:26", "end": "00:14:30", "text": "Services. They described stable coins,"}, {"start": "00:14:30", "end": "00:14:31", "text": "oh gosh, we've heard this before. This"}, {"start": "00:14:31", "end": "00:14:34", "text": "is weird. uh stable coins as the chat"}, {"start": "00:14:34", "end": "00:14:38", "text": "GPT moment in institutional blockchain"}, {"start": "00:14:38", "end": "00:14:40", "text": "adoption. That's a little weird. There"}, {"start": "00:14:40", "end": "00:14:41", "text": "was something about a month ago. There"}, {"start": "00:14:41", "end": "00:14:44", "text": "was another institution, whoever they"}, {"start": "00:14:44", "end": "00:14:47", "text": "were, they were des they were describing"}, {"start": "00:14:47", "end": "00:14:50", "text": "uh like the stable coin breakthrough"}, {"start": "00:14:50", "end": "00:14:52", "text": "moment. This this basically would allow"}, {"start": "00:14:52", "end": "00:14:55", "text": "crypto or is supposed to"}, {"start": "00:14:55", "end": "00:14:58", "text": "put crypto like even more mainstream."}, {"start": "00:14:58", "end": "00:15:01", "text": "And the the the discussion that was had"}, {"start": "00:15:01", "end": "00:15:03", "text": "was like, yeah, this feels like crypto's"}, {"start": "00:15:03", "end": "00:15:05", "text": "AI. This this feels like, you know, the"}, {"start": "00:15:05", "end": "00:15:07", "text": "thing it's almost like, you know, like"}, {"start": "00:15:07", "end": "00:15:10", "text": "talking to like chat GPT for crypto. And"}, {"start": "00:15:10", "end": "00:15:15", "text": "it's, well, what crypto came before chat"}, {"start": "00:15:15", "end": "00:15:16", "text": "GPT"}, {"start": "00:15:16", "end": "00:15:21", "text": "isn't as popular as crypto. And it I I"}, {"start": "00:15:21", "end": "00:15:23", "text": "just don't understand like the the"}, {"start": "00:15:23", "end": "00:15:24", "text": "connection. You guys could have said"}, {"start": "00:15:24", "end": "00:15:25", "text": "anything else. He could have been like,"}, {"start": "00:15:25", "end": "00:15:28", "text": "\"This is the the bread and butter of of"}, {"start": "00:15:28", "end": "00:15:31", "text": "crypto adoption.\" I'm not I'm not really"}, {"start": "00:15:31", "end": "00:15:33", "text": "sure."}, {"start": "00:15:33", "end": "00:15:34", "text": "[Music]"}, {"start": "00:15:34", "end": "00:15:38", "text": "City argued that stable coins help us"}, {"start": "00:15:38", "end": "00:15:41", "text": "re-imagine rather than disrupt the"}, {"start": "00:15:41", "end": "00:15:43", "text": "current system, but also noted that"}, {"start": "00:15:43", "end": "00:15:45", "text": "these tools cannot provide solutions in"}, {"start": "00:15:45", "end": "00:15:47", "text": "every area. It noted that many countries"}, {"start": "00:15:47", "end": "00:15:49", "text": "already use lowcost instant payment"}, {"start": "00:15:49", "end": "00:15:52", "text": "systems particularly for local payments"}, {"start": "00:15:52", "end": "00:15:54", "text": "and that crossber transactions remain"}, {"start": "00:15:54", "end": "00:15:56", "text": "the main problem. Well, it's it's down"}, {"start": "00:15:56", "end": "00:15:58", "text": "to greed. It's down to these people not"}, {"start": "00:15:58", "end": "00:16:00", "text": "wanting to actually find a solution."}, {"start": "00:16:00", "end": "00:16:01", "text": "They found something else that they"}, {"start": "00:16:01", "end": "00:16:04", "text": "think will benefit them. They think that"}, {"start": "00:16:04", "end": "00:16:08", "text": "stable coins will benefit their system."}, {"start": "00:16:08", "end": "00:16:11", "text": "The idea of people using like crypto"}, {"start": "00:16:11", "end": "00:16:13", "text": "like actually like permissionless things"}, {"start": "00:16:13", "end": "00:16:15", "text": "kind of scares them. The idea of"}, {"start": "00:16:15", "end": "00:16:17", "text": "reimagining rather than disrupting it"}, {"start": "00:16:17", "end": "00:16:20", "text": "means disrupting their business model."}, {"start": "00:16:20", "end": "00:16:22", "text": "They want you to continue using the"}, {"start": "00:16:22", "end": "00:16:24", "text": "bank. They want you to choose to use"}, {"start": "00:16:24", "end": "00:16:28", "text": "city stable coin as opposed to JP Morgan"}, {"start": "00:16:28", "end": "00:16:30", "text": "stable coin. If you stay within their"}, {"start": "00:16:30", "end": "00:16:33", "text": "ecosystem, you you get to reimagine new"}, {"start": "00:16:33", "end": "00:16:35", "text": "ways for them to make money from you and"}, {"start": "00:16:35", "end": "00:16:39", "text": "fees as opposed to disrupting the system"}, {"start": "00:16:39", "end": "00:16:42", "text": "that they want to hold together."}, {"start": "00:16:42", "end": "00:16:44", "text": "That's why I told you before and a lot"}, {"start": "00:16:44", "end": "00:16:48", "text": "of people didn't listen. They renamed"}, {"start": "00:16:48", "end": "00:16:50", "text": "central bank digital currencies into"}, {"start": "00:16:50", "end": "00:16:53", "text": "stable coins and everyone is the falling"}, {"start": "00:16:53", "end": "00:16:54", "text": "over themselves talking about how"}, {"start": "00:16:54", "end": "00:16:56", "text": "amazing they are. Nope. They're still"}, {"start": "00:16:56", "end": "00:16:58", "text": "they're actually even more of a crazy"}, {"start": "00:16:58", "end": "00:17:00", "text": "way to be able to control you and make"}, {"start": "00:17:00", "end": "00:17:02", "text": "sure that you can and can't do with your"}, {"start": "00:17:02", "end": "00:17:06", "text": "money as you actually uh see fit. But"}, {"start": "00:17:06", "end": "00:17:09", "text": "yeah, I can't imagine what next year is"}, {"start": "00:17:09", "end": "00:17:11", "text": "going to look like. Like really I I I"}, {"start": "00:17:11", "end": "00:17:14", "text": "have a lot of question marks. Everyone"}, {"start": "00:17:14", "end": "00:17:16", "text": "is going to be launching these things."}, {"start": "00:17:16", "end": "00:17:17", "text": "They're not going to really work how"}, {"start": "00:17:17", "end": "00:17:19", "text": "these companies want them to. I think"}, {"start": "00:17:19", "end": "00:17:22", "text": "they are imagining some kind of a"}, {"start": "00:17:22", "end": "00:17:24", "text": "harmonious experience where we all just"}, {"start": "00:17:24", "end": "00:17:28", "text": "kind of assume and decide to use 18"}, {"start": "00:17:28", "end": "00:17:30", "text": "different stable coins on multiple"}, {"start": "00:17:30", "end": "00:17:31", "text": "different platforms. There was also"}, {"start": "00:17:31", "end": "00:17:33", "text": "something before about some company"}, {"start": "00:17:33", "end": "00:17:34", "text": "launching a stable coin and they were"}, {"start": "00:17:34", "end": "00:17:36", "text": "like it's fairly easy. you just have to"}, {"start": "00:17:36", "end": "00:17:38", "text": "deposit your money onto your onto the"}, {"start": "00:17:38", "end": "00:17:40", "text": "website and then swap it into this coin"}, {"start": "00:17:40", "end": "00:17:41", "text": "and then when you're buying and I was"}, {"start": "00:17:41", "end": "00:17:43", "text": "like why would why would we do that? Why"}, {"start": "00:17:43", "end": "00:17:46", "text": "would I why would I choose to do all"}, {"start": "00:17:46", "end": "00:17:48", "text": "these extra steps to just work within"}, {"start": "00:17:48", "end": "00:17:50", "text": "your ecosystem and I mean the US dollar"}, {"start": "00:17:50", "end": "00:17:52", "text": "is garbage but why not you know just"}, {"start": "00:17:52", "end": "00:17:56", "text": "stay the same course. So anywh who in"}, {"start": "00:17:56", "end": "00:17:59", "text": "case you were wondering as well uh all"}, {"start": "00:17:59", "end": "00:18:03", "text": "those years ago when uh I first got into"}, {"start": "00:18:03", "end": "00:18:05", "text": "crypto remember all the steps I told you"}, {"start": "00:18:05", "end": "00:18:06", "text": "it would be inflation and then"}, {"start": "00:18:06", "end": "00:18:08", "text": "hyperinflation and things would get"}, {"start": "00:18:08", "end": "00:18:10", "text": "worse for fiat currencies. They didn't"}, {"start": "00:18:10", "end": "00:18:12", "text": "name stable coins because they didn't"}, {"start": "00:18:12", "end": "00:18:15", "text": "have a name a decade ago. Uh but it was"}, {"start": "00:18:15", "end": "00:18:17", "text": "this idea that people would try to"}, {"start": "00:18:17", "end": "00:18:20", "text": "replicate what Bitcoin is and what"}, {"start": "00:18:20", "end": "00:18:23", "text": "crypto is and they would also fail and"}, {"start": "00:18:23", "end": "00:18:26", "text": "then this would only cause more adoption"}, {"start": "00:18:26", "end": "00:18:29", "text": "of Bitcoin which would throw us directly"}, {"start": "00:18:29", "end": "00:18:32", "text": "into hyper bitcoinization. So as it"}, {"start": "00:18:32", "end": "00:18:34", "text": "stands right now everyone seems adamant"}, {"start": "00:18:34", "end": "00:18:36", "text": "that by 2030 Bitcoin is going to be over"}, {"start": "00:18:36", "end": "00:18:42", "text": "a million. So something goes wrong. Yay."}, {"start": "00:18:42", "end": "00:18:44", "text": "I think that's going to do it for this"}, {"start": "00:18:44", "end": "00:18:46", "text": "video. I do hope that you have all"}, {"start": "00:18:46", "end": "00:18:48", "text": "enjoyed. I hope you're all doing well."}, {"start": "00:18:48", "end": "00:18:51", "text": "Hope everyone's having a great day. Hope"}, {"start": "00:18:51", "end": "00:18:53", "text": "your morning is going great. Hope your"}, {"start": "00:18:53", "end": "00:18:54", "text": "afternoon is fantastic. And hope that"}, {"start": "00:18:54", "end": "00:18:56", "text": "your evening is even better. Thank you"}, {"start": "00:18:56", "end": "00:18:58", "text": "all once again for watching, listening,"}, {"start": "00:18:58", "end": "00:19:00", "text": "liking, commenting, and supporting the"}, {"start": "00:19:00", "end": "00:19:04", "text": "channel. And I will most certainly be"}, {"start": "00:19:04", "end": "00:19:07", "text": "talking to you all soon."}, {"start": "00:19:07", "end": "00:19:10", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back for another video."}, {"start": "00:00:11", "end": "00:00:14", "text": "Hope you're all doing well. Hope that"}, {"start": "00:00:14", "end": "00:00:17", "text": "everyone out there is doing absolutely"}, {"start": "00:00:17", "end": "00:00:19", "text": "fantastic and that you're all having a"}, {"start": "00:00:19", "end": "00:00:23", "text": "wonderful day."}, {"start": "00:00:23", "end": "00:00:26", "text": "Very big thank you to everyone out there"}, {"start": "00:00:26", "end": "00:00:29", "text": "who leaves a like on the video. Don't"}, {"start": "00:00:29", "end": "00:00:33", "text": "forget to follow me on social media."}, {"start": "00:00:33", "end": "00:00:36", "text": "Uh, wow. There we go. There are links in"}, {"start": "00:00:36", "end": "00:00:38", "text": "the description below. I couldn't figure"}, {"start": "00:00:38", "end": "00:00:40", "text": "out how to put the words together. Uh,"}, {"start": "00:00:40", "end": "00:00:44", "text": "and without any further ado, let's jump"}, {"start": "00:00:44", "end": "00:00:47", "text": "right into it. The cryptocurrency market"}, {"start": "00:00:47", "end": "00:00:52", "text": "continues to chug along as it were."}, {"start": "00:00:52", "end": "00:00:55", "text": "We are getting currently constant"}, {"start": "00:00:55", "end": "00:00:56", "text": "reminders"}, {"start": "00:00:56", "end": "00:00:59", "text": "of the next iteration of where all of"}, {"start": "00:00:59", "end": "00:01:02", "text": "this is going. We've been talking about"}, {"start": "00:01:02", "end": "00:01:06", "text": "this for the past few months at this"}, {"start": "00:01:06", "end": "00:01:10", "text": "point. Now 2026 is going to be a very"}, {"start": "00:01:10", "end": "00:01:14", "text": "specific year. We are seeing a large"}, {"start": "00:01:14", "end": "00:01:17", "text": "amount of attention being paid to stable"}, {"start": "00:01:17", "end": "00:01:21", "text": "coins, to tokenization,"}, {"start": "00:01:21", "end": "00:01:24", "text": "treasury asset companies,"}, {"start": "00:01:24", "end": "00:01:28", "text": "and yield. Yield has become the focal"}, {"start": "00:01:28", "end": "00:01:31", "text": "point of a lot of what's happening in"}, {"start": "00:01:31", "end": "00:01:34", "text": "the cryptocurrency market. Now, the idea"}, {"start": "00:01:34", "end": "00:01:37", "text": "basically revolves around institutions"}, {"start": "00:01:37", "end": "00:01:40", "text": "and very large money. They find crypto"}, {"start": "00:01:40", "end": "00:01:43", "text": "interesting, but they also find crypto"}, {"start": "00:01:43", "end": "00:01:46", "text": "quite boring. The idea is that you buy"}, {"start": "00:01:46", "end": "00:01:50", "text": "crypto, you hold it, it moves in value,"}, {"start": "00:01:50", "end": "00:01:54", "text": "but it's not producing any kind of extra"}, {"start": "00:01:54", "end": "00:01:57", "text": "income or yield once again, if you will."}, {"start": "00:01:57", "end": "00:02:00", "text": "around 2018 this was a topic of"}, {"start": "00:02:00", "end": "00:02:05", "text": "discussion but also in 2018 2019 uh we"}, {"start": "00:02:05", "end": "00:02:07", "text": "heard Coinbase and many other industry"}, {"start": "00:02:07", "end": "00:02:10", "text": "leaders announcing that the rich were"}, {"start": "00:02:10", "end": "00:02:12", "text": "coming the rich are coming and they did"}, {"start": "00:02:12", "end": "00:02:15", "text": "but they did it in another fashion in"}, {"start": "00:02:15", "end": "00:02:16", "text": "2018."}, {"start": "00:02:16", "end": "00:02:20", "text": "Now they're here out in the open. These"}, {"start": "00:02:20", "end": "00:02:21", "text": "people are buying up huge amounts of"}, {"start": "00:02:21", "end": "00:02:26", "text": "crypto. And in no uncertain terms, in"}, {"start": "00:02:26", "end": "00:02:30", "text": "order for a coin or a project to now"}, {"start": "00:02:30", "end": "00:02:34", "text": "keep up, your coin basically has to do"}, {"start": "00:02:34", "end": "00:02:36", "text": "something. It has to be creating money."}, {"start": "00:02:36", "end": "00:02:38", "text": "It has to be creating something passive"}, {"start": "00:02:38", "end": "00:02:40", "text": "in some sort of way. This is why we've"}, {"start": "00:02:40", "end": "00:02:43", "text": "been hearing a lot about these Bitcoin"}, {"start": "00:02:43", "end": "00:02:45", "text": "protocols. A lot of the companies who"}, {"start": "00:02:45", "end": "00:02:47", "text": "are buying uh Ethereum are all"}, {"start": "00:02:47", "end": "00:02:49", "text": "announcing they're going to you know the"}, {"start": "00:02:49", "end": "00:02:53", "text": "billions of dollars that they have worth"}, {"start": "00:02:53", "end": "00:02:56", "text": "of um what do you call it worth of"}, {"start": "00:02:56", "end": "00:02:59", "text": "Ether. They're going to be uh staking it"}, {"start": "00:02:59", "end": "00:03:01", "text": "and we're hearing a lot about the Flare"}, {"start": "00:03:01", "end": "00:03:05", "text": "protocol for Ether for XRP as well. You"}, {"start": "00:03:05", "end": "00:03:08", "text": "know exactly what's going on. So this"}, {"start": "00:03:08", "end": "00:03:13", "text": "was something that was very a very"}, {"start": "00:03:13", "end": "00:03:17", "text": "popular discussion in 2018 2019. It was"}, {"start": "00:03:17", "end": "00:03:20", "text": "seen as like another way to be able to"}, {"start": "00:03:20", "end": "00:03:25", "text": "make yield on crypto. It's now rapidly"}, {"start": "00:03:25", "end": "00:03:27", "text": "rushing back into the space. There was"}, {"start": "00:03:27", "end": "00:03:30", "text": "something three or four months ago from"}, {"start": "00:03:30", "end": "00:03:33", "text": "Coinbase who also announced a similar"}, {"start": "00:03:33", "end": "00:03:35", "text": "initiative that they would be putting"}, {"start": "00:03:35", "end": "00:03:40", "text": "forth for crypto as well."}, {"start": "00:03:40", "end": "00:03:43", "text": "Uphold, the company Uphold, a fintech"}, {"start": "00:03:43", "end": "00:03:47", "text": "company offering onchain finance"}, {"start": "00:03:47", "end": "00:03:48", "text": "solutions"}, {"start": "00:03:48", "end": "00:03:52", "text": "announced that it will be integrating"}, {"start": "00:03:52", "end": "00:03:55", "text": "with something called the Exactly"}, {"start": "00:03:55", "end": "00:03:57", "text": "protocol. Not the coolest name, but"}, {"start": "00:03:57", "end": "00:04:00", "text": "okay. Exactly. Protocol."}, {"start": "00:04:00", "end": "00:04:05", "text": "This will enable Upholds customers. You"}, {"start": "00:04:05", "end": "00:04:09", "text": "know what's coming. To earn yield. Yeah."}, {"start": "00:04:09", "end": "00:04:12", "text": "Or access credit through their"}, {"start": "00:04:12", "end": "00:04:15", "text": "cryptocurrencies such as XRP and"}, {"start": "00:04:15", "end": "00:04:17", "text": "Bitcoin."}, {"start": "00:04:17", "end": "00:04:19", "text": "The interesting part for those of you"}, {"start": "00:04:19", "end": "00:04:21", "text": "who were not here, I know I say that"}, {"start": "00:04:21", "end": "00:04:22", "text": "often, you know, when you have all these"}, {"start": "00:04:22", "end": "00:04:25", "text": "videos, it's going to take place."}, {"start": "00:04:25", "end": "00:04:27", "text": "There was a thing years ago when it came"}, {"start": "00:04:27", "end": "00:04:31", "text": "to the idea of like getting like loans"}, {"start": "00:04:31", "end": "00:04:33", "text": "or mortgages. Yeah, this was a thing"}, {"start": "00:04:33", "end": "00:04:36", "text": "years ago when it came to crypto. The"}, {"start": "00:04:36", "end": "00:04:40", "text": "idea was that you would be able to cuz"}, {"start": "00:04:40", "end": "00:04:41", "text": "you know how like there's like these"}, {"start": "00:04:41", "end": "00:04:42", "text": "like lending platforms right now if you"}, {"start": "00:04:42", "end": "00:04:45", "text": "haven't seen them. They were a lot"}, {"start": "00:04:45", "end": "00:04:47", "text": "bigger in in finance a couple of years"}, {"start": "00:04:47", "end": "00:04:50", "text": "ago. It was kind of basically like an an"}, {"start": "00:04:50", "end": "00:04:53", "text": "A and B transaction. It was meant to be"}, {"start": "00:04:53", "end": "00:04:55", "text": "peer-to-peer. There were intermediaries,"}, {"start": "00:04:55", "end": "00:04:58", "text": "what have you, but it was touted as you"}, {"start": "00:04:58", "end": "00:05:01", "text": "have $3,000 that you're not doing"}, {"start": "00:05:01", "end": "00:05:03", "text": "anything with. You can put it onto the"}, {"start": "00:05:03", "end": "00:05:06", "text": "website and someone else can like loan"}, {"start": "00:05:06", "end": "00:05:08", "text": "that money from you with interest. Yeah."}, {"start": "00:05:08", "end": "00:05:10", "text": "So, and so they they were bigger a"}, {"start": "00:05:10", "end": "00:05:11", "text": "couple years ago. We haven't really"}, {"start": "00:05:11", "end": "00:05:14", "text": "heard about them that much. The same"}, {"start": "00:05:14", "end": "00:05:18", "text": "idea was similar for this with crypto."}, {"start": "00:05:18", "end": "00:05:21", "text": "you have a tenth of a bitcoin and you"}, {"start": "00:05:21", "end": "00:05:25", "text": "have 3,000 XRP, you basically would be"}, {"start": "00:05:25", "end": "00:05:28", "text": "able to like loan them out to people who"}, {"start": "00:05:28", "end": "00:05:30", "text": "wanted to use that crypto as some form"}, {"start": "00:05:30", "end": "00:05:33", "text": "of collateral. More than likely, it"}, {"start": "00:05:33", "end": "00:05:35", "text": "would be a large company or institution"}, {"start": "00:05:35", "end": "00:05:38", "text": "as opposed to just a random person who"}, {"start": "00:05:38", "end": "00:05:43", "text": "needs an additional 3,000 XRP. But from"}, {"start": "00:05:43", "end": "00:05:45", "text": "them actually using it, when they're"}, {"start": "00:05:45", "end": "00:05:47", "text": "basically done using your coins or"}, {"start": "00:05:47", "end": "00:05:49", "text": "getting money from whatever they're"}, {"start": "00:05:49", "end": "00:05:50", "text": "doing in the background, you would then"}, {"start": "00:05:50", "end": "00:05:54", "text": "receive money from the actual usage of"}, {"start": "00:05:54", "end": "00:05:57", "text": "said coins that what's that enables the"}, {"start": "00:05:57", "end": "00:06:00", "text": "yield for you and also the access to"}, {"start": "00:06:00", "end": "00:06:05", "text": "credit or debt through the other side."}, {"start": "00:06:05", "end": "00:06:08", "text": "Launching in December, the service will"}, {"start": "00:06:08", "end": "00:06:11", "text": "initially be available in Florida and"}, {"start": "00:06:11", "end": "00:06:13", "text": "Latin America. That I don't understand"}, {"start": "00:06:13", "end": "00:06:17", "text": "that at all. I I I'm not Usually things"}, {"start": "00:06:17", "end": "00:06:20", "text": "launch in multiple different states."}, {"start": "00:06:20", "end": "00:06:23", "text": "Maybe laws are extremely different in"}, {"start": "00:06:23", "end": "00:06:25", "text": "Florida because that one took me I was"}, {"start": "00:06:25", "end": "00:06:29", "text": "like, okay, apparently just Florida and"}, {"start": "00:06:29", "end": "00:06:32", "text": "Latin America. Further expansion into"}, {"start": "00:06:32", "end": "00:06:35", "text": "the United States is planned in quarter"}, {"start": "00:06:35", "end": "00:06:38", "text": "one of 2026, of course, because this is"}, {"start": "00:06:38", "end": "00:06:41", "text": "going to be a big thing. The service is"}, {"start": "00:06:41", "end": "00:06:44", "text": "set to increase the utility of major"}, {"start": "00:06:44", "end": "00:06:46", "text": "cryptocurrencies."}, {"start": "00:06:46", "end": "00:06:50", "text": "Aides aside from merely being a store of"}, {"start": "00:06:50", "end": "00:06:54", "text": "value, this is similar to Bitcoin Hyper,"}, {"start": "00:06:54", "end": "00:06:57", "text": "a project that aims to expand Bitcoin's"}, {"start": "00:06:57", "end": "00:07:00", "text": "utility via its layer 2 network. A lot"}, {"start": "00:07:00", "end": "00:07:03", "text": "of layer 2 solutions for Bitcoin have"}, {"start": "00:07:03", "end": "00:07:06", "text": "been proposed where basically similar to"}, {"start": "00:07:06", "end": "00:07:09", "text": "Ethereum, you'd be able to have"}, {"start": "00:07:09", "end": "00:07:12", "text": "essentially more transactions per second"}, {"start": "00:07:12", "end": "00:07:14", "text": "on this layer 2 of Bitcoin, you know,"}, {"start": "00:07:14", "end": "00:07:17", "text": "speeding up transactions and also being"}, {"start": "00:07:17", "end": "00:07:20", "text": "able to have these like DeFi projects"}, {"start": "00:07:20", "end": "00:07:22", "text": "across the board. I mean, everyone has a"}, {"start": "00:07:22", "end": "00:07:25", "text": "different solution or is contemplating"}, {"start": "00:07:25", "end": "00:07:28", "text": "something. You either have directly"}, {"start": "00:07:28", "end": "00:07:30", "text": "onchain with Bitcoin or you have stuff"}, {"start": "00:07:30", "end": "00:07:33", "text": "like the Babylon network where you don't"}, {"start": "00:07:33", "end": "00:07:35", "text": "no one has to custody your coins but"}, {"start": "00:07:35", "end": "00:07:37", "text": "you're simply getting stuff for being"}, {"start": "00:07:37", "end": "00:07:39", "text": "involved with their network. They have"}, {"start": "00:07:39", "end": "00:07:42", "text": "DeFi solutions. They have being able to"}, {"start": "00:07:42", "end": "00:07:45", "text": "lend them out and loan out your coins."}, {"start": "00:07:45", "end": "00:07:48", "text": "Like I said in the in the coming years,"}, {"start": "00:07:48", "end": "00:07:52", "text": "these will of course be more popular,"}, {"start": "00:07:52", "end": "00:07:55", "text": "but a lot of these are probably going to"}, {"start": "00:07:55", "end": "00:07:58", "text": "solidify. we will choose which protocols"}, {"start": "00:07:58", "end": "00:08:01", "text": "and projects we find the best, which"}, {"start": "00:08:01", "end": "00:08:03", "text": "give the best returns, which are the"}, {"start": "00:08:03", "end": "00:08:06", "text": "most stable. Uh, DeFi at this point has"}, {"start": "00:08:06", "end": "00:08:09", "text": "had a bit of a"}, {"start": "00:08:09", "end": "00:08:10", "text": "situation where like it can't really"}, {"start": "00:08:10", "end": "00:08:14", "text": "always be counted on. But"}, {"start": "00:08:14", "end": "00:08:16", "text": "if someone does create something that"}, {"start": "00:08:16", "end": "00:08:18", "text": "gives like a guaranteed number all the"}, {"start": "00:08:18", "end": "00:08:21", "text": "time without any real slippage, without"}, {"start": "00:08:21", "end": "00:08:23", "text": "any other problems, without having to"}, {"start": "00:08:23", "end": "00:08:26", "text": "worry about like, hey, I gave my coins"}, {"start": "00:08:26", "end": "00:08:28", "text": "to that protocol. Will they be safe?"}, {"start": "00:08:28", "end": "00:08:30", "text": "When that comes true, like I said, it's"}, {"start": "00:08:30", "end": "00:08:31", "text": "probably going to be for crypto"}, {"start": "00:08:31", "end": "00:08:35", "text": "exchanges. That's my belief. At least"}, {"start": "00:08:35", "end": "00:08:38", "text": "it's going to be very very big. In a"}, {"start": "00:08:38", "end": "00:08:42", "text": "post on Twitter, Uphold quoted its CEO,"}, {"start": "00:08:42", "end": "00:08:45", "text": "Simon McLugan,"}, {"start": "00:08:45", "end": "00:08:47", "text": "okay, who says that its integration with"}, {"start": "00:08:47", "end": "00:08:50", "text": "the Exactly protocol will enable"}, {"start": "00:08:50", "end": "00:08:54", "text": "customers to borrow against or earn"}, {"start": "00:08:54", "end": "00:08:57", "text": "yield on their digital assets anytime"}, {"start": "00:08:57", "end": "00:09:00", "text": "without credit checks at lower rates"}, {"start": "00:09:00", "end": "00:09:03", "text": "than traditional banks. That's also been"}, {"start": "00:09:03", "end": "00:09:05", "text": "something that we had recently in the"}, {"start": "00:09:05", "end": "00:09:08", "text": "news as well. There was something I"}, {"start": "00:09:08", "end": "00:09:10", "text": "think about it was JP Morgan and some"}, {"start": "00:09:10", "end": "00:09:13", "text": "other bank of course uh who are trying"}, {"start": "00:09:13", "end": "00:09:16", "text": "to get like um what was it they don't"}, {"start": "00:09:16", "end": "00:09:19", "text": "want normal people to earn yield on"}, {"start": "00:09:19", "end": "00:09:22", "text": "stable coins because if tether is"}, {"start": "00:09:22", "end": "00:09:25", "text": "offering you five six 7% for simply"}, {"start": "00:09:25", "end": "00:09:29", "text": "holding tether and JP Morgan is offering"}, {"start": "00:09:29", "end": "00:09:31", "text": "you 1.1%"}, {"start": "00:09:31", "end": "00:09:32", "text": "people are going to choose the stable"}, {"start": "00:09:32", "end": "00:09:34", "text": "coin over the actual bank and this is"}, {"start": "00:09:34", "end": "00:09:36", "text": "what they're having an issue with the"}, {"start": "00:09:36", "end": "00:09:38", "text": "same exact thing when it comes to like"}, {"start": "00:09:38", "end": "00:09:40", "text": "this idea of lending or earning yield"}, {"start": "00:09:40", "end": "00:09:42", "text": "and stuff like that. Banks are far too"}, {"start": "00:09:42", "end": "00:09:44", "text": "greedy to give up any of that extra"}, {"start": "00:09:44", "end": "00:09:46", "text": "money, but these crypto platforms are"}, {"start": "00:09:46", "end": "00:09:48", "text": "more than willing to offer you 2, three,"}, {"start": "00:09:48", "end": "00:09:50", "text": "four, five, 6% because they want people"}, {"start": "00:09:50", "end": "00:09:53", "text": "to use their platforms. So, banks have"}, {"start": "00:09:53", "end": "00:09:55", "text": "gotten very comfortable in being able to"}, {"start": "00:09:55", "end": "00:09:57", "text": "just scam people for the last couple"}, {"start": "00:09:57", "end": "00:10:01", "text": "hundred years. and like the slightest"}, {"start": "00:10:01", "end": "00:10:04", "text": "idea of anything in crypto basically"}, {"start": "00:10:04", "end": "00:10:06", "text": "allowing people to, you know, get more"}, {"start": "00:10:06", "end": "00:10:08", "text": "money, more bang for their buck, if you"}, {"start": "00:10:08", "end": "00:10:12", "text": "will, is is terrifying for for banks."}, {"start": "00:10:12", "end": "00:10:14", "text": "So, yeah, I looked around, couldn't find"}, {"start": "00:10:14", "end": "00:10:18", "text": "any actual numbers, per se, for this. I"}, {"start": "00:10:18", "end": "00:10:19", "text": "assume when this launches outside of"}, {"start": "00:10:19", "end": "00:10:23", "text": "just Florida and Latin America, um, if"}, {"start": "00:10:23", "end": "00:10:25", "text": "they have good numbers, more people will"}, {"start": "00:10:25", "end": "00:10:28", "text": "begin to flock to it. We have seen a"}, {"start": "00:10:28", "end": "00:10:30", "text": "couple of companies announcing stuff"}, {"start": "00:10:30", "end": "00:10:34", "text": "like this as of late, and I still assume"}, {"start": "00:10:34", "end": "00:10:37", "text": "it's probably because Binance and"}, {"start": "00:10:37", "end": "00:10:40", "text": "Coinbase are going to announce something"}, {"start": "00:10:40", "end": "00:10:42", "text": "either the end of this year or the very"}, {"start": "00:10:42", "end": "00:10:45", "text": "beginning quarter 1 of 2026. They're not"}, {"start": "00:10:45", "end": "00:10:47", "text": "going to let all these other companies"}, {"start": "00:10:47", "end": "00:10:50", "text": "launch protocols and not do something"}, {"start": "00:10:50", "end": "00:10:53", "text": "themselves. But yes, the the world of"}, {"start": "00:10:53", "end": "00:10:57", "text": "yield is unlocking in crypto. As I"}, {"start": "00:10:57", "end": "00:10:59", "text": "stated before many months ago, the"}, {"start": "00:10:59", "end": "00:11:01", "text": "people who will benefit the most from"}, {"start": "00:11:01", "end": "00:11:04", "text": "this are the people who have the most uh"}, {"start": "00:11:04", "end": "00:11:08", "text": "crypto. Yeah, passive income is is is"}, {"start": "00:11:08", "end": "00:11:10", "text": "here to stay and it's going to take the"}, {"start": "00:11:10", "end": "00:11:14", "text": "cryptocurrency market by storm."}, {"start": "00:11:14", "end": "00:11:18", "text": "That's the uphold news."}, {"start": "00:11:18", "end": "00:11:21", "text": "And yeah,"}, {"start": "00:11:21", "end": "00:11:24", "text": "let's move on."}, {"start": "00:11:24", "end": "00:11:27", "text": "Also in the news, this isn't surprising"}, {"start": "00:11:27", "end": "00:11:31", "text": "at all, not remotely in the least, Visa"}, {"start": "00:11:31", "end": "00:11:33", "text": "and Mastercard"}, {"start": "00:11:33", "end": "00:11:36", "text": "for years have been courting the"}, {"start": "00:11:36", "end": "00:11:40", "text": "cryptocurrency space in slightly weird"}, {"start": "00:11:40", "end": "00:11:44", "text": "ways. Visa more so than than Mastercard."}, {"start": "00:11:44", "end": "00:11:45", "text": "Basically trying to figure out where"}, {"start": "00:11:45", "end": "00:11:51", "text": "they fit. The the grandiose idea is that"}, {"start": "00:11:51", "end": "00:11:55", "text": "if crypto wins, if Bitcoin continues"}, {"start": "00:11:55", "end": "00:11:58", "text": "moving towards a million, if XRP goes to"}, {"start": "00:11:58", "end": "00:12:02", "text": "$98 per coin and stable coins kind of"}, {"start": "00:12:02", "end": "00:12:04", "text": "take over the world, if you will,"}, {"start": "00:12:04", "end": "00:12:06", "text": "there's no real need for Visa or"}, {"start": "00:12:06", "end": "00:12:08", "text": "Mastercard. We don't need their payment"}, {"start": "00:12:08", "end": "00:12:10", "text": "rails because we already have other"}, {"start": "00:12:10", "end": "00:12:13", "text": "ones. And to be completely honest, that"}, {"start": "00:12:13", "end": "00:12:14", "text": "should be the way that things are"}, {"start": "00:12:14", "end": "00:12:16", "text": "running right now because we already"}, {"start": "00:12:16", "end": "00:12:18", "text": "don't need the old system, but that's"}, {"start": "00:12:18", "end": "00:12:22", "text": "another conversation entirely. So, Visa"}, {"start": "00:12:22", "end": "00:12:26", "text": "and Mastercard since around 2019 have"}, {"start": "00:12:26", "end": "00:12:27", "text": "been trying to figure out where they"}, {"start": "00:12:27", "end": "00:12:30", "text": "fit, what they can do, how they can"}, {"start": "00:12:30", "end": "00:12:33", "text": "remain relevant in some sort of way when"}, {"start": "00:12:33", "end": "00:12:37", "text": "the world is moving quicker and quicker"}, {"start": "00:12:37", "end": "00:12:39", "text": "into crypto."}, {"start": "00:12:39", "end": "00:12:42", "text": "According to a report by Fortune"}, {"start": "00:12:42", "end": "00:12:43", "text": "magazine,"}, {"start": "00:12:43", "end": "00:12:47", "text": "Mastercard is reportedly in advanced"}, {"start": "00:12:47", "end": "00:12:50", "text": "discussions to acquire a company called"}, {"start": "00:12:50", "end": "00:12:54", "text": "Zero Hash, a startup specializing in"}, {"start": "00:12:54", "end": "00:12:58", "text": "crypto and stable coin infrastructure"}, {"start": "00:12:58", "end": "00:13:03", "text": "for anywhere between 1.5 to 2 billion"}, {"start": "00:13:03", "end": "00:13:05", "text": "US."}, {"start": "00:13:05", "end": "00:13:09", "text": "Founded in 2017 and based in Chicago,"}, {"start": "00:13:09", "end": "00:13:13", "text": "ZeroHass SH focuses on building stable"}, {"start": "00:13:13", "end": "00:13:15", "text": "coin and blockchain infrastructure,"}, {"start": "00:13:15", "end": "00:13:18", "text": "facilitating payments and cryptocurrency"}, {"start": "00:13:18", "end": "00:13:21", "text": "trading. This should this acquisition"}, {"start": "00:13:21", "end": "00:13:23", "text": "proceed, it would mark one of"}, {"start": "00:13:23", "end": "00:13:25", "text": "Mastercard's largest investments in the"}, {"start": "00:13:25", "end": "00:13:28", "text": "stable coin sector. Visa has been trying"}, {"start": "00:13:28", "end": "00:13:30", "text": "to do the same thing, but Visa years"}, {"start": "00:13:30", "end": "00:13:33", "text": "ago, I don't know if it flopped, if it"}, {"start": "00:13:33", "end": "00:13:34", "text": "didn't launch. We haven't gotten any"}, {"start": "00:13:34", "end": "00:13:37", "text": "news about it. Visa was trying to launch"}, {"start": "00:13:37", "end": "00:13:40", "text": "a a central bank digital currency"}, {"start": "00:13:40", "end": "00:13:42", "text": "platform which everyone just simply now"}, {"start": "00:13:42", "end": "00:13:44", "text": "calls a stable coin because it's not as"}, {"start": "00:13:44", "end": "00:13:47", "text": "scary and they were trying to so we"}, {"start": "00:13:47", "end": "00:13:51", "text": "heard back then integrate with Ethereum."}, {"start": "00:13:51", "end": "00:13:54", "text": "The idea was that um if all the banks"}, {"start": "00:13:54", "end": "00:13:56", "text": "and institutions are using Ethereum they"}, {"start": "00:13:56", "end": "00:13:59", "text": "want to use it as well. Uh the weirdest"}, {"start": "00:13:59", "end": "00:14:01", "text": "part you might remember this is a real"}, {"start": "00:14:01", "end": "00:14:04", "text": "thing. Visa was trying to make"}, {"start": "00:14:04", "end": "00:14:08", "text": "themselves an intermediary for Ethereum."}, {"start": "00:14:08", "end": "00:14:10", "text": "So basically instead of just sending"}, {"start": "00:14:10", "end": "00:14:12", "text": "your coins to your friend, you would"}, {"start": "00:14:12", "end": "00:14:16", "text": "basically send your ether to Visa and"}, {"start": "00:14:16", "end": "00:14:18", "text": "then this isn't a joke. And then Visa"}, {"start": "00:14:18", "end": "00:14:20", "text": "would send it to another essentially a"}, {"start": "00:14:20", "end": "00:14:23", "text": "third party at this point company uh to"}, {"start": "00:14:23", "end": "00:14:26", "text": "determine if your coins were clean or"}, {"start": "00:14:26", "end": "00:14:28", "text": "not. if you know if any fraud had"}, {"start": "00:14:28", "end": "00:14:30", "text": "happened with those coins and then they"}, {"start": "00:14:30", "end": "00:14:32", "text": "would send them on to the other person"}, {"start": "00:14:32", "end": "00:14:34", "text": "through you know which made no sense"}, {"start": "00:14:34", "end": "00:14:36", "text": "because this is why we have blockchain"}, {"start": "00:14:36", "end": "00:14:39", "text": "to get away from having to have Visa and"}, {"start": "00:14:39", "end": "00:14:40", "text": "Mastercard"}, {"start": "00:14:40", "end": "00:14:43", "text": "involved in any sort of way. This"}, {"start": "00:14:43", "end": "00:14:46", "text": "potential move follows Mastercard's"}, {"start": "00:14:46", "end": "00:14:50", "text": "earlier conversations with BVNK,"}, {"start": "00:14:50", "end": "00:14:52", "text": "another stable coin startup, which is"}, {"start": "00:14:52", "end": "00:14:53", "text": "reportedly in talks to acquire the"}, {"start": "00:14:53", "end": "00:14:56", "text": "company for around $2 billion."}, {"start": "00:14:56", "end": "00:14:58", "text": "However, those discussions appear to"}, {"start": "00:14:58", "end": "00:15:00", "text": "have concluded with US-based"}, {"start": "00:15:00", "end": "00:15:03", "text": "cryptocurrency exchange Coinbase winning"}, {"start": "00:15:03", "end": "00:15:05", "text": "the company, placing the startup in an"}, {"start": "00:15:05", "end": "00:15:09", "text": "exclusive agreement that prevents BVNK"}, {"start": "00:15:09", "end": "00:15:11", "text": "from considering other off. Coinbase is"}, {"start": "00:15:11", "end": "00:15:14", "text": "buying everything. Coinbase has become"}, {"start": "00:15:14", "end": "00:15:17", "text": "excessively powerful in the last two"}, {"start": "00:15:17", "end": "00:15:19", "text": "years. If you weren't here or haven't"}, {"start": "00:15:19", "end": "00:15:22", "text": "been paying attention, the companies"}, {"start": "00:15:22", "end": "00:15:25", "text": "they're buying between tokenization"}, {"start": "00:15:25", "end": "00:15:28", "text": "companies, I mean, startups across the"}, {"start": "00:15:28", "end": "00:15:30", "text": "board, things that deal with like"}, {"start": "00:15:30", "end": "00:15:33", "text": "monetary yields and custodies, like"}, {"start": "00:15:33", "end": "00:15:36", "text": "they're buying up like tons of company."}, {"start": "00:15:36", "end": "00:15:38", "text": "Like they're extremely wealthy now."}, {"start": "00:15:38", "end": "00:15:41", "text": "Coinbase is"}, {"start": "00:15:41", "end": "00:15:43", "text": "completely huge. It's insane."}, {"start": "00:15:43", "end": "00:15:46", "text": "Additionally, companies like Mastercard,"}, {"start": "00:15:46", "end": "00:15:48", "text": "which are traditionally linked to the"}, {"start": "00:15:48", "end": "00:15:50", "text": "broader financial landscape, have"}, {"start": "00:15:50", "end": "00:15:53", "text": "entered stable coins as well. Giants"}, {"start": "00:15:53", "end": "00:15:56", "text": "like City and JP Morgan are following"}, {"start": "00:15:56", "end": "00:15:59", "text": "suit after the passage of the Genius Act"}, {"start": "00:15:59", "end": "00:16:02", "text": "for stable coins in the United States."}, {"start": "00:16:02", "end": "00:16:05", "text": "Yes, this all revolves around the idea"}, {"start": "00:16:05", "end": "00:16:07", "text": "that everyone wants to create their own"}, {"start": "00:16:07", "end": "00:16:10", "text": "stable coin and everyone thinks that"}, {"start": "00:16:10", "end": "00:16:13", "text": "everyone else will use their coin. This"}, {"start": "00:16:13", "end": "00:16:14", "text": "is going to fall apart in the next"}, {"start": "00:16:14", "end": "00:16:16", "text": "couple of years unless they hold hands"}, {"start": "00:16:16", "end": "00:16:19", "text": "and kumbaya together to kind of just"}, {"start": "00:16:19", "end": "00:16:21", "text": "make a, you know, three or four stable"}, {"start": "00:16:21", "end": "00:16:23", "text": "coins"}, {"start": "00:16:23", "end": "00:16:26", "text": "as opposed to hundreds of different"}, {"start": "00:16:26", "end": "00:16:30", "text": "ones. But uh like I said before, next"}, {"start": "00:16:30", "end": "00:16:32", "text": "year is going to be quite fascinating as"}, {"start": "00:16:32", "end": "00:16:35", "text": "a"}, {"start": "00:16:35", "end": "00:16:37", "text": "test to see if all of these things"}, {"start": "00:16:37", "end": "00:16:39", "text": "actually come to fruition. The main"}, {"start": "00:16:39", "end": "00:16:41", "text": "thing that constantly sticks out in my"}, {"start": "00:16:41", "end": "00:16:44", "text": "head is all the attention months ago"}, {"start": "00:16:44", "end": "00:16:47", "text": "that was given to Ethereum because of"}, {"start": "00:16:47", "end": "00:16:49", "text": "all the stable coins that will be built"}, {"start": "00:16:49", "end": "00:16:53", "text": "on its uh chain. if all of that is"}, {"start": "00:16:53", "end": "00:16:55", "text": "actually going to come true and exactly"}, {"start": "00:16:55", "end": "00:16:58", "text": "because these people, you know, people"}, {"start": "00:16:58", "end": "00:17:00", "text": "will tend to talk about it. So, if we"}, {"start": "00:17:00", "end": "00:17:04", "text": "get seven banks building their stable"}, {"start": "00:17:04", "end": "00:17:06", "text": "coin on top of Ethereum, we will hear"}, {"start": "00:17:06", "end": "00:17:08", "text": "about it in the news in some form or"}, {"start": "00:17:08", "end": "00:17:10", "text": "fashion. But there's a lot of money to"}, {"start": "00:17:10", "end": "00:17:13", "text": "be made and everyone is it's the same"}, {"start": "00:17:13", "end": "00:17:17", "text": "thing. Stable coin tokenization yield."}, {"start": "00:17:17", "end": "00:17:20", "text": "These are kind of the main pillars of"}, {"start": "00:17:20", "end": "00:17:23", "text": "what 2026 looks like it's going to be"}, {"start": "00:17:23", "end": "00:17:25", "text": "made up of."}, {"start": "00:17:25", "end": "00:17:27", "text": "Okay, I think that's going to do it for"}, {"start": "00:17:27", "end": "00:17:29", "text": "this video everyone. I hope you've all"}, {"start": "00:17:29", "end": "00:17:32", "text": "enjoyed. Hope you all are having a great"}, {"start": "00:17:32", "end": "00:17:36", "text": "day, a good afternoon, a great morning,"}, {"start": "00:17:36", "end": "00:17:42", "text": "a good sunset dawn period. Hope you're"}, {"start": "00:17:42", "end": "00:17:45", "text": "having a good cup of orange juice."}, {"start": "00:17:45", "end": "00:17:47", "text": "Someone mathematically is drinking"}, {"start": "00:17:47", "end": "00:17:49", "text": "orange juice. So, hello to you. Uh,"}, {"start": "00:17:49", "end": "00:17:51", "text": "thank you all once again for watching,"}, {"start": "00:17:51", "end": "00:17:53", "text": "listening, liking, commenting, and"}, {"start": "00:17:53", "end": "00:17:56", "text": "supporting. And I will most certainly be"}, {"start": "00:17:56", "end": "00:18:00", "text": "talking to you all soon."}, {"start": "00:18:00", "end": "00:18:03", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:03", "text": "Hello"}, {"start": "00:00:03", "end": "00:00:04", "text": "everybody."}, {"start": "00:00:04", "end": "00:00:08", "text": "Welcome back for another video. Hope"}, {"start": "00:00:08", "end": "00:00:12", "text": "you're all doing well."}, {"start": "00:00:12", "end": "00:00:13", "text": "Hope that everyone out there is doing"}, {"start": "00:00:13", "end": "00:00:16", "text": "absolutely fantastic and that you're all"}, {"start": "00:00:16", "end": "00:00:20", "text": "having a great day."}, {"start": "00:00:20", "end": "00:00:23", "text": "Don't forget to subscribe"}, {"start": "00:00:23", "end": "00:00:27", "text": "to the channel if you haven't already"}, {"start": "00:00:27", "end": "00:00:31", "text": "done so. There's a brand new video every"}, {"start": "00:00:31", "end": "00:00:34", "text": "single day. Hope you're all remembering"}, {"start": "00:00:34", "end": "00:00:39", "text": "to save money and to invest as well. And"}, {"start": "00:00:39", "end": "00:00:40", "text": "without"}, {"start": "00:00:40", "end": "00:00:45", "text": "any further ado, let's jump right into"}, {"start": "00:00:45", "end": "00:00:49", "text": "it. A lot of rule changes that we're"}, {"start": "00:00:49", "end": "00:00:53", "text": "getting. A lot of adoption news."}, {"start": "00:00:53", "end": "00:00:55", "text": "Surprised, right? that we're getting"}, {"start": "00:00:55", "end": "00:00:58", "text": "stuff about people buying up crypto. Uh"}, {"start": "00:00:58", "end": "00:01:01", "text": "we are witnessing some sort of a I"}, {"start": "00:01:01", "end": "00:01:04", "text": "cannot directly put my finger on it but"}, {"start": "00:01:04", "end": "00:01:06", "text": "some sort of a shift is definitely"}, {"start": "00:01:06", "end": "00:01:09", "text": "happening within the market. We have"}, {"start": "00:01:09", "end": "00:01:11", "text": "gotten indications and a lot of"}, {"start": "00:01:11", "end": "00:01:14", "text": "investors have been telling us that"}, {"start": "00:01:14", "end": "00:01:19", "text": "basically so they say from here on out"}, {"start": "00:01:19", "end": "00:01:21", "text": "uh the cryptocurrency market is only"}, {"start": "00:01:21", "end": "00:01:23", "text": "going to expand. we're going to see a"}, {"start": "00:01:23", "end": "00:01:26", "text": "lot more money flowing into this market."}, {"start": "00:01:26", "end": "00:01:30", "text": "The hype around ETFs uh shows no signs"}, {"start": "00:01:30", "end": "00:01:34", "text": "of slowing down as we have seen before"}, {"start": "00:01:34", "end": "00:01:37", "text": "that the few there's not a lot of them"}, {"start": "00:01:37", "end": "00:01:40", "text": "ETF issuers within the United States uh"}, {"start": "00:01:40", "end": "00:01:43", "text": "they're bringing in billions of dollars."}, {"start": "00:01:43", "end": "00:01:45", "text": "I mean like really on any given week"}, {"start": "00:01:45", "end": "00:01:47", "text": "huge amounts of money are flowing in"}, {"start": "00:01:47", "end": "00:01:51", "text": "their direction. So this just kind of"}, {"start": "00:01:51", "end": "00:01:55", "text": "makes sense. A number of coins have been"}, {"start": "00:01:55", "end": "00:01:58", "text": "included but also kind of like pushed to"}, {"start": "00:01:58", "end": "00:02:02", "text": "the side lately. A lot of the discussion"}, {"start": "00:02:02", "end": "00:02:06", "text": "as of late and as I mean this year has"}, {"start": "00:02:06", "end": "00:02:09", "text": "more or less revolved around Bitcoin,"}, {"start": "00:02:09", "end": "00:02:14", "text": "Ethereum to a lesser extent XRP and like"}, {"start": "00:02:14", "end": "00:02:17", "text": "a sprinkle of other coins kind of there"}, {"start": "00:02:17", "end": "00:02:21", "text": "with news that the US SEC has"}, {"start": "00:02:21", "end": "00:02:23", "text": "implemented a"}, {"start": "00:02:23", "end": "00:02:28", "text": "grand new rule change where basically if"}, {"start": "00:02:28", "end": "00:02:30", "text": "your coin has been established"}, {"start": "00:02:30", "end": "00:02:32", "text": "and you have derivatives. If your coin"}, {"start": "00:02:32", "end": "00:02:36", "text": "has a futures market on Coinbase or"}, {"start": "00:02:36", "end": "00:02:39", "text": "other derivatives platforms,"}, {"start": "00:02:39", "end": "00:02:42", "text": "uh basically the SEC said you're kind of"}, {"start": "00:02:42", "end": "00:02:47", "text": "a shoein to get your ETF approved. So,"}, {"start": "00:02:47", "end": "00:02:51", "text": "this one makes a lot of sense uh"}, {"start": "00:02:51", "end": "00:02:53", "text": "especially with the volume of it."}, {"start": "00:02:53", "end": "00:02:57", "text": "There's a company called is it Osprey?"}, {"start": "00:02:57", "end": "00:03:00", "text": "Okay. Well, okay. Apparently, they have"}, {"start": "00:03:00", "end": "00:03:02", "text": "filed"}, {"start": "00:03:02", "end": "00:03:05", "text": "21."}, {"start": "00:03:06", "end": "00:03:10", "text": "They have filed 21 filings for large cap"}, {"start": "00:03:10", "end": "00:03:14", "text": "and emerging altcoins, some of them with"}, {"start": "00:03:14", "end": "00:03:16", "text": "staking features. We've been hearing a"}, {"start": "00:03:16", "end": "00:03:18", "text": "lot about staking. It's only going to"}, {"start": "00:03:18", "end": "00:03:21", "text": "get more intense. The idea basically"}, {"start": "00:03:21", "end": "00:03:23", "text": "revolves around"}, {"start": "00:03:23", "end": "00:03:26", "text": "passive income and yield. Apparently,"}, {"start": "00:03:26", "end": "00:03:29", "text": "the really rich people in the market,"}, {"start": "00:03:29", "end": "00:03:32", "text": "they're not content with their coin"}, {"start": "00:03:32", "end": "00:03:36", "text": "doing a 15x in price. They want to make"}, {"start": "00:03:36", "end": "00:03:39", "text": "extra money on the side passively. So,"}, {"start": "00:03:39", "end": "00:03:43", "text": "we're seeing a lot, if not all, all the"}, {"start": "00:03:43", "end": "00:03:46", "text": "new applications in some form or another"}, {"start": "00:03:46", "end": "00:03:49", "text": "have staking in their actual text. And"}, {"start": "00:03:49", "end": "00:03:52", "text": "many of the other coins that don't"}, {"start": "00:03:52", "end": "00:03:55", "text": "natively have staking, they're uh people"}, {"start": "00:03:55", "end": "00:03:58", "text": "are refiling or retroactively trying to"}, {"start": "00:03:58", "end": "00:04:00", "text": "add the word staking or creating. We"}, {"start": "00:04:00", "end": "00:04:02", "text": "just saw one that was created three"}, {"start": "00:04:02", "end": "00:04:06", "text": "weeks ago that they filed uh for it was"}, {"start": "00:04:06", "end": "00:04:08", "text": "called like Bitcoin income ETF or"}, {"start": "00:04:08", "end": "00:04:11", "text": "something like that where they will be I"}, {"start": "00:04:11", "end": "00:04:13", "text": "forgot the process exactly what they're"}, {"start": "00:04:13", "end": "00:04:15", "text": "going to be doing but basically they're"}, {"start": "00:04:15", "end": "00:04:20", "text": "trying to get an 8 to 10% yield on"}, {"start": "00:04:20", "end": "00:04:22", "text": "Bitcoin or trading in something like"}, {"start": "00:04:22", "end": "00:04:24", "text": "that and then the money will be then"}, {"start": "00:04:24", "end": "00:04:28", "text": "paid through the actual ETF. So yes,"}, {"start": "00:04:28", "end": "00:04:30", "text": "passive income. It says filings are"}, {"start": "00:04:30", "end": "00:04:34", "text": "marked subject to completion after the"}, {"start": "00:04:34", "end": "00:04:38", "text": "SEC updated streamlined spot ETF rules."}, {"start": "00:04:38", "end": "00:04:39", "text": "That's the thing we were just talking"}, {"start": "00:04:39", "end": "00:04:42", "text": "about. Apparently,"}, {"start": "00:04:42", "end": "00:04:45", "text": "this is going to be the major test."}, {"start": "00:04:45", "end": "00:04:50", "text": "If it doesn't take 6 to9 months anymore"}, {"start": "00:04:50", "end": "00:04:53", "text": "to get a crypto ETF and it kind of maybe"}, {"start": "00:04:53", "end": "00:04:56", "text": "takes a week in essence after you file"}, {"start": "00:04:56", "end": "00:04:59", "text": "the paperwork and you can simply say,"}, {"start": "00:04:59", "end": "00:05:00", "text": "\"Okay, no, this coin definitely already"}, {"start": "00:05:00", "end": "00:05:03", "text": "has one. We can get an ETF that will"}, {"start": "00:05:03", "end": "00:05:07", "text": "completely change this market"}, {"start": "00:05:07", "end": "00:05:09", "text": "immediately overnight.\" And this is why"}, {"start": "00:05:09", "end": "00:05:13", "text": "I think you know who files 21 filings at"}, {"start": "00:05:13", "end": "00:05:17", "text": "the exact same time. The proposals"}, {"start": "00:05:17", "end": "00:05:20", "text": "include Cardano and staking, Avalanche"}, {"start": "00:05:20", "end": "00:05:24", "text": "and staking, polka dot and staking and"}, {"start": "00:05:24", "end": "00:05:28", "text": "dedicated funds for chain link, litecoin"}, {"start": "00:05:28", "end": "00:05:30", "text": "and stellar lumens. I would logically"}, {"start": "00:05:30", "end": "00:05:34", "text": "really assume we are probably going to"}, {"start": "00:05:34", "end": "00:05:38", "text": "see a number a number if not all of them"}, {"start": "00:05:38", "end": "00:05:42", "text": "next year have some form of staking or"}, {"start": "00:05:42", "end": "00:05:45", "text": "yield attached to them. We already have"}, {"start": "00:05:45", "end": "00:05:48", "text": "Flare for XRP which lets me know that"}, {"start": "00:05:48", "end": "00:05:50", "text": "Stellar Lumens is probably working on"}, {"start": "00:05:50", "end": "00:05:52", "text": "something as well cuz they're always"}, {"start": "00:05:52", "end": "00:05:55", "text": "trying to keep up with XRP. Anything"}, {"start": "00:05:55", "end": "00:05:58", "text": "that works on Bitcoin works on Litecoin."}, {"start": "00:05:58", "end": "00:06:00", "text": "So, the moment we have some kind of an"}, {"start": "00:06:00", "end": "00:06:04", "text": "onchain dedicated Bitcoin staking thing,"}, {"start": "00:06:04", "end": "00:06:07", "text": "it's going to be moved over to Litecoin"}, {"start": "00:06:07", "end": "00:06:11", "text": "as well. It's just pure logic. Ah, yeah."}, {"start": "00:06:11", "end": "00:06:16", "text": "They're called Rex Shares and Osprey."}, {"start": "00:06:16", "end": "00:06:18", "text": "That's what they're called. Rex Shares"}, {"start": "00:06:18", "end": "00:06:22", "text": "and Osprey have filed for 21 altcoin ETF"}, {"start": "00:06:22", "end": "00:06:25", "text": "proposals, including staking enabled"}, {"start": "00:06:25", "end": "00:06:28", "text": "funds."}, {"start": "00:06:28", "end": "00:06:31", "text": "Rex pray Rex shares and Osprey funds."}, {"start": "00:06:31", "end": "00:06:33", "text": "There we go. Jointly submitted"}, {"start": "00:06:33", "end": "00:06:35", "text": "applications for 21 cryptocurrency"}, {"start": "00:06:35", "end": "00:06:37", "text": "exchange traded funds covering"}, {"start": "00:06:37", "end": "00:06:40", "text": "established altcoins and newer tokens."}, {"start": "00:06:40", "end": "00:06:43", "text": "The filings labeled subject to"}, {"start": "00:06:43", "end": "00:06:46", "text": "completion list assets from Cardano,"}, {"start": "00:06:46", "end": "00:06:50", "text": "Avalanche, Polka Dot, Hyperliquid, and"}, {"start": "00:06:50", "end": "00:06:52", "text": "SAI or CI"}, {"start": "00:06:52", "end": "00:06:55", "text": "or something like that. The proposals"}, {"start": "00:06:55", "end": "00:06:58", "text": "include staking capable products"}, {"start": "00:06:58", "end": "00:07:00", "text": "Cardano, Avalanche, Polka Dot, plus"}, {"start": "00:07:00", "end": "00:07:03", "text": "dedicated funds for Chainlink, Litecoin,"}, {"start": "00:07:03", "end": "00:07:09", "text": "Lumens, and emerging projects, Tao, TAO,"}, {"start": "00:07:09", "end": "00:07:13", "text": "Hype, and Sooie. Filings explicitly note"}, {"start": "00:07:13", "end": "00:07:15", "text": "that some funds are structured to"}, {"start": "00:07:15", "end": "00:07:18", "text": "incorporate onchain staking rewards into"}, {"start": "00:07:18", "end": "00:07:21", "text": "fund returns."}, {"start": "00:07:21", "end": "00:07:23", "text": "Yeah, we haven't I mean, it's it's kind"}, {"start": "00:07:23", "end": "00:07:25", "text": "of been a while. We had a lot of ETF"}, {"start": "00:07:25", "end": "00:07:28", "text": "application news at the beginning of"}, {"start": "00:07:28", "end": "00:07:30", "text": "this year. You remember it was like a it"}, {"start": "00:07:30", "end": "00:07:33", "text": "was like an a literal avalanche of"}, {"start": "00:07:33", "end": "00:07:36", "text": "filings and proposals being put forth. I"}, {"start": "00:07:36", "end": "00:07:41", "text": "assume that slowed down a tiny bit just"}, {"start": "00:07:41", "end": "00:07:44", "text": "because of maybe uncertainty. No one was"}, {"start": "00:07:44", "end": "00:07:46", "text": "really expect and I say it this way. No"}, {"start": "00:07:46", "end": "00:07:50", "text": "one was really expecting the SEC to like"}, {"start": "00:07:50", "end": "00:07:52", "text": "play nice that they haven't done so for"}, {"start": "00:07:52", "end": "00:07:55", "text": "the entire history of the crypto market."}, {"start": "00:07:55", "end": "00:07:57", "text": "So, who would have assumed that they"}, {"start": "00:07:57", "end": "00:08:00", "text": "would have changed 16 years worth of"}, {"start": "00:08:00", "end": "00:08:02", "text": "policies into like, oh yeah, you can all"}, {"start": "00:08:02", "end": "00:08:04", "text": "have ETFs. You want one? Yeah, here you"}, {"start": "00:08:04", "end": "00:08:05", "text": "go. And then they toss it to the guy. He"}, {"start": "00:08:05", "end": "00:08:07", "text": "catches it. Like it just, you know,"}, {"start": "00:08:07", "end": "00:08:09", "text": "nearly unimaginable."}, {"start": "00:08:09", "end": "00:08:11", "text": "So, yeah."}, {"start": "00:08:11", "end": "00:08:16", "text": "We'll see in the next couple of week."}, {"start": "00:08:16", "end": "00:08:18", "text": "Do I dare add an s at the end of that"}, {"start": "00:08:18", "end": "00:08:21", "text": "and say weeks if this actually ends up"}, {"start": "00:08:21", "end": "00:08:25", "text": "uh going through in some sort of way? Uh"}, {"start": "00:08:25", "end": "00:08:26", "text": "there have been rumors, we talked about"}, {"start": "00:08:26", "end": "00:08:29", "text": "this in summertime uh when the when the"}, {"start": "00:08:29", "end": "00:08:33", "text": "rule change was proposed."}, {"start": "00:08:33", "end": "00:08:35", "text": "If all of this goes through, we're going"}, {"start": "00:08:35", "end": "00:08:38", "text": "to have like 300 Bitcoin ETFs next year."}, {"start": "00:08:38", "end": "00:08:41", "text": "There will be like 180 for XRP. It's"}, {"start": "00:08:41", "end": "00:08:43", "text": "going to get really dramatic really"}, {"start": "00:08:43", "end": "00:08:46", "text": "fast. So,"}, {"start": "00:08:46", "end": "00:08:49", "text": "we'll see what happens. Yeah, that's the"}, {"start": "00:08:49", "end": "00:08:53", "text": "21 new altcoin ETF filings have been"}, {"start": "00:08:53", "end": "00:08:55", "text": "proposed."}, {"start": "00:08:55", "end": "00:08:58", "text": "I have a good feeling about it. Okie"}, {"start": "00:08:58", "end": "00:09:00", "text": "dokie."}, {"start": "00:09:00", "end": "00:09:03", "text": "Let's move on."}, {"start": "00:09:03", "end": "00:09:06", "text": "Okay. All right. So, you know, some"}, {"start": "00:09:06", "end": "00:09:11", "text": "sometimes what you know, why why not? um"}, {"start": "00:09:11", "end": "00:09:13", "text": "a number of countries every now and"}, {"start": "00:09:13", "end": "00:09:16", "text": "again. It's not as often. I mean,"}, {"start": "00:09:16", "end": "00:09:19", "text": "there's only so many countries on the"}, {"start": "00:09:19", "end": "00:09:20", "text": "planet and a lot of them are doing it in"}, {"start": "00:09:20", "end": "00:09:23", "text": "relative silence. However, we do"}, {"start": "00:09:23", "end": "00:09:26", "text": "sometimes have news of countries"}, {"start": "00:09:26", "end": "00:09:28", "text": "announcing that they're getting into"}, {"start": "00:09:28", "end": "00:09:30", "text": "crypto, they're buying, they're staking,"}, {"start": "00:09:30", "end": "00:09:33", "text": "they're hoarding, what have you. Uh this"}, {"start": "00:09:33", "end": "00:09:37", "text": "one's slightly different uh because it"}, {"start": "00:09:37", "end": "00:09:41", "text": "is not the normal coin that we would"}, {"start": "00:09:41", "end": "00:09:44", "text": "normally hear about. So Kazakhstan is in"}, {"start": "00:09:44", "end": "00:09:48", "text": "the news and Kazakhstan has launched a"}, {"start": "00:09:48", "end": "00:09:52", "text": "new government supported fund focused on"}, {"start": "00:09:52", "end": "00:09:55", "text": "digital currencies."}, {"start": "00:09:55", "end": "00:09:56", "text": "The step follows the country's"}, {"start": "00:09:56", "end": "00:09:59", "text": "introduction of its own stable coin tied"}, {"start": "00:09:59", "end": "00:10:04", "text": "to its uh fiat currency, if you will."}, {"start": "00:10:04", "end": "00:10:08", "text": "The fund will be known as the ALM crypto"}, {"start": "00:10:08", "end": "00:10:12", "text": "fund was set up by the Ministry of Oh my"}, {"start": "00:10:12", "end": "00:10:14", "text": "gosh, we're in the future. This was set"}, {"start": "00:10:14", "end": "00:10:16", "text": "up by the Ministry of Artificial"}, {"start": "00:10:16", "end": "00:10:19", "text": "Intelligence and Digital Development."}, {"start": "00:10:19", "end": "00:10:24", "text": "Wow. and is managed by the Kazakstan"}, {"start": "00:10:24", "end": "00:10:27", "text": "venture group under the Astana"}, {"start": "00:10:27", "end": "00:10:33", "text": "International Financial Center AFC."}, {"start": "00:10:33", "end": "00:10:36", "text": "The rumors have been or apparently"}, {"start": "00:10:36", "end": "00:10:40", "text": "that the country has partnered with or"}, {"start": "00:10:40", "end": "00:10:43", "text": "has been in some type of discussions"}, {"start": "00:10:43", "end": "00:10:48", "text": "with uh Binance for quite some time and"}, {"start": "00:10:48", "end": "00:10:51", "text": "apparently one of the coins the if not"}, {"start": "00:10:51", "end": "00:10:54", "text": "the first coins that they have actually"}, {"start": "00:10:54", "end": "00:10:57", "text": "chosen for the fund um is is"}, {"start": "00:10:57", "end": "00:10:59", "text": "Binancecoin."}, {"start": "00:10:59", "end": "00:11:01", "text": "You might have seen it recently over the"}, {"start": "00:11:01", "end": "00:11:03", "text": "last few months in the news. Binance is"}, {"start": "00:11:03", "end": "00:11:06", "text": "a literal behemoth. They're not a small"}, {"start": "00:11:06", "end": "00:11:09", "text": "company. Years ago, people tried so hard"}, {"start": "00:11:09", "end": "00:11:12", "text": "to discredit them. And I always said in"}, {"start": "00:11:12", "end": "00:11:17", "text": "videos, uh, Binance and Ripple have by"}, {"start": "00:11:17", "end": "00:11:21", "text": "far been the most transparent companies"}, {"start": "00:11:21", "end": "00:11:23", "text": "that we've had within this B. I mean, by"}, {"start": "00:11:23", "end": "00:11:26", "text": "not even by like a short amount. Every"}, {"start": "00:11:26", "end": "00:11:28", "text": "time something happens, they tell"}, {"start": "00:11:28", "end": "00:11:30", "text": "everyone. Every time something happens"}, {"start": "00:11:30", "end": "00:11:32", "text": "with Binance's exchange, movement of"}, {"start": "00:11:32", "end": "00:11:35", "text": "money, we used to have issues years ago."}, {"start": "00:11:35", "end": "00:11:37", "text": "And I mean it was like it was an it was"}, {"start": "00:11:37", "end": "00:11:39", "text": "a non-issue that people made into"}, {"start": "00:11:39", "end": "00:11:45", "text": "something. Let's say that somebody moved"}, {"start": "00:11:45", "end": "00:11:48", "text": "$35 million worth of crypto, whether in"}, {"start": "00:11:48", "end": "00:11:50", "text": "or out of Coinbase."}, {"start": "00:11:50", "end": "00:11:52", "text": "People would panic because people were"}, {"start": "00:11:52", "end": "00:11:54", "text": "like, \"Oh my gosh, a whale is selling."}, {"start": "00:11:54", "end": "00:11:55", "text": "The market's going to go down to zero.\""}, {"start": "00:11:55", "end": "00:11:57", "text": "That's not how liquidity works."}, {"start": "00:11:57", "end": "00:11:59", "text": "Especially back then when Bitcoin was"}, {"start": "00:11:59", "end": "00:12:03", "text": "like $200 billion market, selling $35"}, {"start": "00:12:03", "end": "00:12:06", "text": "million would do nothing. But it would"}, {"start": "00:12:06", "end": "00:12:08", "text": "it would scare people and it would"}, {"start": "00:12:08", "end": "00:12:09", "text": "actually cause prices to fall down"}, {"start": "00:12:09", "end": "00:12:12", "text": "because people"}, {"start": "00:12:12", "end": "00:12:14", "text": "the other side of it was um this"}, {"start": "00:12:14", "end": "00:12:16", "text": "happened quite often. people were always"}, {"start": "00:12:16", "end": "00:12:18", "text": "moving money around or even we would"}, {"start": "00:12:18", "end": "00:12:21", "text": "find out months"}, {"start": "00:12:21", "end": "00:12:24", "text": "months later that Coinbase was simply"}, {"start": "00:12:24", "end": "00:12:28", "text": "moving money around into a new wallet."}, {"start": "00:12:28", "end": "00:12:30", "text": "Binance, however, the moment they moved"}, {"start": "00:12:30", "end": "00:12:32", "text": "money, they let us know every single"}, {"start": "00:12:32", "end": "00:12:35", "text": "time, hey, uh, at 4:00 in the afternoon,"}, {"start": "00:12:35", "end": "00:12:37", "text": "California time, we are going to be"}, {"start": "00:12:37", "end": "00:12:40", "text": "moving $128 million from one wallet to"}, {"start": "00:12:40", "end": "00:12:42", "text": "another. We will be separating those"}, {"start": "00:12:42", "end": "00:12:44", "text": "coins into four other wallets. These are"}, {"start": "00:12:44", "end": "00:12:46", "text": "not coins that we are selling. They are"}, {"start": "00:12:46", "end": "00:12:48", "text": "simply being moved for more security."}, {"start": "00:12:48", "end": "00:12:50", "text": "You know what would happen to prices"}, {"start": "00:12:50", "end": "00:12:51", "text": "during that day? They would go up cuz"}, {"start": "00:12:51", "end": "00:12:53", "text": "everybody wasn't terrified of what was"}, {"start": "00:12:53", "end": "00:12:56", "text": "going on. You know, transparency really"}, {"start": "00:12:56", "end": "00:13:00", "text": "works. Uh apparently its role, I assume"}, {"start": "00:13:00", "end": "00:13:03", "text": "the crypto fund is to invest in"}, {"start": "00:13:03", "end": "00:13:06", "text": "cryptocurrencies for the long term. I"}, {"start": "00:13:06", "end": "00:13:07", "text": "would have never expect I would have"}, {"start": "00:13:07", "end": "00:13:10", "text": "never Oh my gosh. for the long term. But"}, {"start": "00:13:10", "end": "00:13:12", "text": "that's not how investing works. No one"}, {"start": "00:13:12", "end": "00:13:14", "text": "invests for the long term. people get"}, {"start": "00:13:14", "end": "00:13:16", "text": "into the crypto market, they see the"}, {"start": "00:13:16", "end": "00:13:18", "text": "prices fall by 2% and then they leave."}, {"start": "00:13:18", "end": "00:13:20", "text": "That's that's how it's always worked,"}, {"start": "00:13:20", "end": "00:13:22", "text": "right?"}, {"start": "00:13:22", "end": "00:13:25", "text": "And to build reserves that can support"}, {"start": "00:13:25", "end": "00:13:27", "text": "future financial strategies. These"}, {"start": "00:13:27", "end": "00:13:30", "text": "countries are about to become rich."}, {"start": "00:13:30", "end": "00:13:32", "text": "If your country accumulates 35 first of"}, {"start": "00:13:32", "end": "00:13:34", "text": "all,"}, {"start": "00:13:34", "end": "00:13:37", "text": "if you accumulate 35,000 Bitcoin, your"}, {"start": "00:13:37", "end": "00:13:39", "text": "country is going to be pretty well off"}, {"start": "00:13:39", "end": "00:13:43", "text": "forever. There's not 35,000 Bitcoin for"}, {"start": "00:13:43", "end": "00:13:46", "text": "every single country. So those who get"}, {"start": "00:13:46", "end": "00:13:48", "text": "there first will have the crowns put on"}, {"start": "00:13:48", "end": "00:13:51", "text": "top of their head. Second, when you can"}, {"start": "00:13:51", "end": "00:13:55", "text": "easily stake Bitcoin, imagine a country"}, {"start": "00:13:55", "end": "00:13:57", "text": "buys, let's say,"}, {"start": "00:13:57", "end": "00:14:00", "text": "$13 billion worth of Bitcoin and then"}, {"start": "00:14:00", "end": "00:14:03", "text": "over the years that becomes $130 billion"}, {"start": "00:14:03", "end": "00:14:05", "text": "just by Bitcoin moving up in price. You"}, {"start": "00:14:05", "end": "00:14:07", "text": "know, the country has gotten richer. Now"}, {"start": "00:14:07", "end": "00:14:09", "text": "imagine having a thing where you are"}, {"start": "00:14:09", "end": "00:14:12", "text": "literally as a country making a yield"}, {"start": "00:14:12", "end": "00:14:14", "text": "from simply holding on to Bitcoin and I"}, {"start": "00:14:14", "end": "00:14:18", "text": "like to try I try to think of it in a"}, {"start": "00:14:18", "end": "00:14:22", "text": "optimistically utopian kind of way. It's"}, {"start": "00:14:22", "end": "00:14:25", "text": "essentially free money that the country"}, {"start": "00:14:25", "end": "00:14:28", "text": "can then use to like fix roads and build"}, {"start": "00:14:28", "end": "00:14:30", "text": "homes and build new bridges without"}, {"start": "00:14:30", "end": "00:14:33", "text": "actually even having to dip into or even"}, {"start": "00:14:33", "end": "00:14:36", "text": "selling any of the actual"}, {"start": "00:14:36", "end": "00:14:38", "text": "Bitcoin. The announcement did not reveal"}, {"start": "00:14:38", "end": "00:14:41", "text": "how much was purchased, nor did it say"}, {"start": "00:14:41", "end": "00:14:44", "text": "which other currencies might be added"}, {"start": "00:14:44", "end": "00:14:47", "text": "later. Kazakhstan's partnership with"}, {"start": "00:14:47", "end": "00:14:52", "text": "Binance has been in place since 2022"}, {"start": "00:14:52", "end": "00:14:55", "text": "when Chongpao signed an agreement with"}, {"start": "00:14:55", "end": "00:14:58", "text": "the Ministry of Digital Development."}, {"start": "00:14:58", "end": "00:15:00", "text": "That deal focused on creating clearer"}, {"start": "00:15:00", "end": "00:15:03", "text": "rules for crypto activity in the country"}, {"start": "00:15:03", "end": "00:15:05", "text": "which laid the groundwork for today's"}, {"start": "00:15:05", "end": "00:15:08", "text": "collaboration. Yeah, a lot of and I'm"}, {"start": "00:15:08", "end": "00:15:10", "text": "actually kind of happy that it did years"}, {"start": "00:15:10", "end": "00:15:13", "text": "ago. It felt kind of weird. It was it"}, {"start": "00:15:13", "end": "00:15:15", "text": "was a you you need to be there kind of"}, {"start": "00:15:15", "end": "00:15:17", "text": "thing. Years ago, it did feel a little"}, {"start": "00:15:17", "end": "00:15:19", "text": "bit weird with these executives always"}, {"start": "00:15:19", "end": "00:15:20", "text": "going to these countries and kind of"}, {"start": "00:15:20", "end": "00:15:24", "text": "talking with them. The problem was and"}, {"start": "00:15:24", "end": "00:15:27", "text": "and I want to say small is is that a lot"}, {"start": "00:15:27", "end": "00:15:28", "text": "of these people didn't understand"}, {"start": "00:15:28", "end": "00:15:31", "text": "crypto. How how could you have if you're"}, {"start": "00:15:31", "end": "00:15:34", "text": "busy running a country, a government, a"}, {"start": "00:15:34", "end": "00:15:36", "text": "business, your main focus isn't like,"}, {"start": "00:15:36", "end": "00:15:37", "text": "hey, what's that new thing over there?"}, {"start": "00:15:37", "end": "00:15:39", "text": "Everyone's focused on it and you know"}, {"start": "00:15:39", "end": "00:15:41", "text": "you have other things to do. So, a lot"}, {"start": "00:15:41", "end": "00:15:43", "text": "of countries were like proposing banning"}, {"start": "00:15:43", "end": "00:15:45", "text": "crypto. It was a very widely spread"}, {"start": "00:15:45", "end": "00:15:47", "text": "thing because they didn't really"}, {"start": "00:15:47", "end": "00:15:50", "text": "understand what it was, what it could be"}, {"start": "00:15:50", "end": "00:15:52", "text": "for, the implications, what it could do"}, {"start": "00:15:52", "end": "00:15:55", "text": "to the local currency. We just had news"}, {"start": "00:15:55", "end": "00:15:57", "text": "weeks ago about stuff happening in"}, {"start": "00:15:57", "end": "00:16:00", "text": "India. If you missed that, the"}, {"start": "00:16:00", "end": "00:16:02", "text": "government came out and said it since"}, {"start": "00:16:02", "end": "00:16:03", "text": "2017."}, {"start": "00:16:03", "end": "00:16:06", "text": "uh they basically refuse"}, {"start": "00:16:06", "end": "00:16:09", "text": "to give proper crypto regulation because"}, {"start": "00:16:09", "end": "00:16:12", "text": "they're afraid of it. That's not a joke."}, {"start": "00:16:12", "end": "00:16:14", "text": "They like they said they don't know what"}, {"start": "00:16:14", "end": "00:16:17", "text": "it's going to do to their economy."}, {"start": "00:16:17", "end": "00:16:19", "text": "They're they're used to printing money"}, {"start": "00:16:19", "end": "00:16:21", "text": "and having the power in their hands"}, {"start": "00:16:21", "end": "00:16:23", "text": "because they print the currency. What"}, {"start": "00:16:23", "end": "00:16:25", "text": "happens when you no longer print the"}, {"start": "00:16:25", "end": "00:16:27", "text": "currency and your people go, \"Hey, this"}, {"start": "00:16:27", "end": "00:16:31", "text": "paper stuff is garbage. Bitcoin, XRP,"}, {"start": "00:16:31", "end": "00:16:35", "text": "Cardano, Ethereum, all moved up 16x in"}, {"start": "00:16:35", "end": "00:16:37", "text": "the last three years. Why would I hold"}, {"start": "00:16:37", "end": "00:16:39", "text": "on to this and kind of move into a new"}, {"start": "00:16:39", "end": "00:16:42", "text": "currency? So, I mean, that's also going"}, {"start": "00:16:42", "end": "00:16:43", "text": "to kind of continue moving in that"}, {"start": "00:16:43", "end": "00:16:44", "text": "direction, but no one really talks about"}, {"start": "00:16:44", "end": "00:16:48", "text": "it. But, um, yeah, it's nice to see"}, {"start": "00:16:48", "end": "00:16:50", "text": "other people jumping on board. We've"}, {"start": "00:16:50", "end": "00:16:52", "text": "been talking about this is what was"}, {"start": "00:16:52", "end": "00:16:54", "text": "that? It wasn't Venezuela. There was"}, {"start": "00:16:54", "end": "00:16:56", "text": "another one, another country in Latin"}, {"start": "00:16:56", "end": "00:17:00", "text": "America who um announced years ago that"}, {"start": "00:17:00", "end": "00:17:02", "text": "they were adopting in not El Salvador,"}, {"start": "00:17:02", "end": "00:17:04", "text": "another country, this was years ago,"}, {"start": "00:17:04", "end": "00:17:05", "text": "years years years ago who announced that"}, {"start": "00:17:05", "end": "00:17:07", "text": "they were getting into crypto and I was"}, {"start": "00:17:07", "end": "00:17:09", "text": "like they're going to be wealthy"}, {"start": "00:17:09", "end": "00:17:13", "text": "like imagine getting into crypto in 2017"}, {"start": "00:17:13", "end": "00:17:14", "text": "2018 and these countries were already"}, {"start": "00:17:14", "end": "00:17:16", "text": "buying up Bitcoin. Remember Harvard and"}, {"start": "00:17:16", "end": "00:17:18", "text": "Yale also buying up Bitcoin back in"}, {"start": "00:17:18", "end": "00:17:19", "text": "2014."}, {"start": "00:17:19", "end": "00:17:22", "text": "you become excessively wealthy and then"}, {"start": "00:17:22", "end": "00:17:24", "text": "other people begin to you know jump on"}, {"start": "00:17:24", "end": "00:17:26", "text": "behind you but it's a this is the first"}, {"start": "00:17:26", "end": "00:17:30", "text": "mover advantage here. So cool another"}, {"start": "00:17:30", "end": "00:17:33", "text": "country not threatening to ban crypto"}, {"start": "00:17:33", "end": "00:17:35", "text": "and actually embracing it and trying to"}, {"start": "00:17:35", "end": "00:17:38", "text": "understand it. Uh but this usually tends"}, {"start": "00:17:38", "end": "00:17:40", "text": "to happen when we have the more"}, {"start": "00:17:40", "end": "00:17:43", "text": "wellknown people within the space"}, {"start": "00:17:43", "end": "00:17:44", "text": "actually talking to these governments."}, {"start": "00:17:44", "end": "00:17:48", "text": "You know you live and you learn."}, {"start": "00:17:48", "end": "00:17:50", "text": "Well, I think that's going to do it for"}, {"start": "00:17:50", "end": "00:17:52", "text": "this video, everyone. I do hope that you"}, {"start": "00:17:52", "end": "00:17:54", "text": "have all enjoyed."}, {"start": "00:17:54", "end": "00:17:56", "text": "I do hope you all are having a great"}, {"start": "00:17:56", "end": "00:17:58", "text": "day, morning, afternoon, evening,"}, {"start": "00:17:58", "end": "00:18:01", "text": "wherever you are, wherever you might be."}, {"start": "00:18:01", "end": "00:18:03", "text": "I do hope it's absolutely fantastic."}, {"start": "00:18:03", "end": "00:18:05", "text": "Thank you all once again for watching,"}, {"start": "00:18:05", "end": "00:18:06", "text": "listening, liking, commenting, and"}, {"start": "00:18:06", "end": "00:18:09", "text": "supporting. And I will most certainly be"}, {"start": "00:18:09", "end": "00:18:12", "text": "talking to you all soon."}, {"start": "00:18:12", "end": "00:18:15", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Hello everybody."}, {"start": "00:00:05", "end": "00:00:07", "text": "Welcome back"}, {"start": "00:00:07", "end": "00:00:09", "text": "for another video."}, {"start": "00:00:09", "end": "00:00:13", "text": "Hope you're all doing well."}, {"start": "00:00:13", "end": "00:00:15", "text": "Hope everyone out there is remembering"}, {"start": "00:00:15", "end": "00:00:20", "text": "to uh save their money, remembering to"}, {"start": "00:00:20", "end": "00:00:23", "text": "invest your money, making sure to take"}, {"start": "00:00:23", "end": "00:00:26", "text": "advantage of the opportunities that you"}, {"start": "00:00:26", "end": "00:00:30", "text": "have presented before you. Uh, very big"}, {"start": "00:00:30", "end": "00:00:32", "text": "thank you to everyone out there who"}, {"start": "00:00:32", "end": "00:00:36", "text": "leaves a like on the video. It's a free"}, {"start": "00:00:36", "end": "00:00:39", "text": "and easy way to support the channel."}, {"start": "00:00:39", "end": "00:00:41", "text": "Very big thank you to everyone who"}, {"start": "00:00:41", "end": "00:00:44", "text": "leaves a comment as well for the"}, {"start": "00:00:44", "end": "00:00:45", "text": "algorithm."}, {"start": "00:00:45", "end": "00:00:49", "text": "Yeah, without any further ado, let's"}, {"start": "00:00:49", "end": "00:00:51", "text": "jump right into it. Welcome back to"}, {"start": "00:00:51", "end": "00:00:54", "text": "another edition of"}, {"start": "00:00:54", "end": "00:00:57", "text": "uh Why do people keep doing this? No"}, {"start": "00:00:57", "end": "00:01:00", "text": "one's asking for this. This isn't"}, {"start": "00:01:00", "end": "00:01:02", "text": "something that we actually need. This is"}, {"start": "00:01:02", "end": "00:01:05", "text": "simply just another uh company and"}, {"start": "00:01:05", "end": "00:01:08", "text": "corporation trying to play on a trend"}, {"start": "00:01:08", "end": "00:01:10", "text": "and make money for themselves while"}, {"start": "00:01:10", "end": "00:01:13", "text": "marketing it as something that is going"}, {"start": "00:01:13", "end": "00:01:14", "text": "to"}, {"start": "00:01:14", "end": "00:01:17", "text": "change society or something that we all"}, {"start": "00:01:17", "end": "00:01:21", "text": "need in some form or space. uh very"}, {"start": "00:01:21", "end": "00:01:26", "text": "similar to this new uh digital ID thing"}, {"start": "00:01:26", "end": "00:01:28", "text": "that they're trying to roll out in the"}, {"start": "00:01:28", "end": "00:01:31", "text": "UK that nobody wants, no one's asking"}, {"start": "00:01:31", "end": "00:01:35", "text": "for in any way, shape, or form. Uh"}, {"start": "00:01:35", "end": "00:01:39", "text": "companies in crypto have jumped at the"}, {"start": "00:01:39", "end": "00:01:42", "text": "chance to prove themselves and show just"}, {"start": "00:01:42", "end": "00:01:44", "text": "how"}, {"start": "00:01:44", "end": "00:01:47", "text": "cryptotastic they are by announcing that"}, {"start": "00:01:47", "end": "00:01:50", "text": "they are going to be supporting, buying,"}, {"start": "00:01:50", "end": "00:01:54", "text": "holding, reserving, strategying"}, {"start": "00:01:54", "end": "00:01:57", "text": "Bitcoin and Ethereum. We've seen it over"}, {"start": "00:01:57", "end": "00:01:59", "text": "the last couple of months. It's"}, {"start": "00:01:59", "end": "00:02:02", "text": "basically been everywhere. The other"}, {"start": "00:02:02", "end": "00:02:04", "text": "side of it has been and this has been"}, {"start": "00:02:04", "end": "00:02:07", "text": "like a light topic this year has been"}, {"start": "00:02:07", "end": "00:02:10", "text": "this discussion of companies trying to"}, {"start": "00:02:10", "end": "00:02:13", "text": "create some some kind of a super app. If"}, {"start": "00:02:13", "end": "00:02:16", "text": "you don't know what a super app is, it's"}, {"start": "00:02:16", "end": "00:02:18", "text": "basically an app that encompasses"}, {"start": "00:02:18", "end": "00:02:21", "text": "a multitude of things that basically"}, {"start": "00:02:21", "end": "00:02:24", "text": "include your private business and your"}, {"start": "00:02:24", "end": "00:02:26", "text": "private life and the things that you buy"}, {"start": "00:02:26", "end": "00:02:29", "text": "and where you're going all wrapped up in"}, {"start": "00:02:29", "end": "00:02:32", "text": "one little simple app. So, you know how"}, {"start": "00:02:32", "end": "00:02:35", "text": "a lot of times uh if you especially, and"}, {"start": "00:02:35", "end": "00:02:37", "text": "I speak for, you know, iPhone holders"}, {"start": "00:02:37", "end": "00:02:40", "text": "here on on your phone, you can like opt"}, {"start": "00:02:40", "end": "00:02:42", "text": "out. You can like go to like, you know,"}, {"start": "00:02:42", "end": "00:02:44", "text": "apps, scroll through the apps, and like"}, {"start": "00:02:44", "end": "00:02:47", "text": "you'll say like, \"Hey, don't use my"}, {"start": "00:02:47", "end": "00:02:50", "text": "microphone. Don't read my text messages."}, {"start": "00:02:50", "end": "00:02:52", "text": "Don't look at my location.\" I implore a"}, {"start": "00:02:52", "end": "00:02:55", "text": "lot of you to do that right now cuz you"}, {"start": "00:02:55", "end": "00:02:58", "text": "are going to be shocked at how many apps"}, {"start": "00:02:58", "end": "00:03:01", "text": "are always using your live location."}, {"start": "00:03:01", "end": "00:03:02", "text": "Many of them are using your microphone."}, {"start": "00:03:02", "end": "00:03:04", "text": "They have like full access to it because"}, {"start": "00:03:04", "end": "00:03:06", "text": "you click the little thing green to the"}, {"start": "00:03:06", "end": "00:03:08", "text": "side and they basically you know any"}, {"start": "00:03:08", "end": "00:03:10", "text": "information that you know you have"}, {"start": "00:03:10", "end": "00:03:13", "text": "agreed to they're absorbing it. So when"}, {"start": "00:03:13", "end": "00:03:15", "text": "you have multiple different apps as we"}, {"start": "00:03:15", "end": "00:03:18", "text": "currently do in the world, the idea is"}, {"start": "00:03:18", "end": "00:03:22", "text": "many people don't want to be tracked."}, {"start": "00:03:22", "end": "00:03:24", "text": "Most people don't want everyone to know"}, {"start": "00:03:24", "end": "00:03:26", "text": "what they're doing. Nonetheless, like a"}, {"start": "00:03:26", "end": "00:03:29", "text": "company who's going to be selling off"}, {"start": "00:03:29", "end": "00:03:32", "text": "their data. The idea of the super app is"}, {"start": "00:03:32", "end": "00:03:35", "text": "basically from this thing called WeChat"}, {"start": "00:03:35", "end": "00:03:38", "text": "in China. Uh, I will say this in in my"}, {"start": "00:03:38", "end": "00:03:41", "text": "own way and fashion as someone who grew"}, {"start": "00:03:41", "end": "00:03:45", "text": "up in the Western, if you will, air"}, {"start": "00:03:45", "end": "00:03:47", "text": "quotes northern hemisphere. Um, I think"}, {"start": "00:03:47", "end": "00:03:50", "text": "we tend to be far more skeptical and far"}, {"start": "00:03:50", "end": "00:03:55", "text": "more uh not in the mood to be tracked."}, {"start": "00:03:55", "end": "00:03:58", "text": "Uh, this app WeChat is mainly in China,"}, {"start": "00:03:58", "end": "00:04:01", "text": "mainly in Asia, and it's an all-in-one"}, {"start": "00:04:01", "end": "00:04:05", "text": "app. So, when you are texting people,"}, {"start": "00:04:05", "end": "00:04:06", "text": "when you're booking a doctor's"}, {"start": "00:04:06", "end": "00:04:08", "text": "appointment, when you're going to get"}, {"start": "00:04:08", "end": "00:04:10", "text": "your hair done, when you are buying"}, {"start": "00:04:10", "end": "00:04:13", "text": "groceries, when you are booking train"}, {"start": "00:04:13", "end": "00:04:16", "text": "tickets, flight tickets, you name it. I"}, {"start": "00:04:16", "end": "00:04:19", "text": "anything that you do goes through this"}, {"start": "00:04:19", "end": "00:04:22", "text": "app. The problem is that the app is uh"}, {"start": "00:04:22", "end": "00:04:26", "text": "run by a company who basically gives all"}, {"start": "00:04:26", "end": "00:04:27", "text": "the information and is kind of"}, {"start": "00:04:27", "end": "00:04:32", "text": "controlled by the actual powers that be."}, {"start": "00:04:32", "end": "00:04:36", "text": "So, uh there's this kind of a a rush"}, {"start": "00:04:36", "end": "00:04:39", "text": "in in the west"}, {"start": "00:04:39", "end": "00:04:43", "text": "um mainly at the moment in the states uh"}, {"start": "00:04:43", "end": "00:04:45", "text": "for some company to create some kind of"}, {"start": "00:04:45", "end": "00:04:47", "text": "a super app. We were talking about this"}, {"start": "00:04:47", "end": "00:04:49", "text": "recently with Coinbase. Coinbase"}, {"start": "00:04:49", "end": "00:04:52", "text": "desperately, they even said it on the"}, {"start": "00:04:52", "end": "00:04:53", "text": "news recently, they're trying to create"}, {"start": "00:04:53", "end": "00:04:57", "text": "a super app that will unite crypto. The"}, {"start": "00:04:57", "end": "00:04:59", "text": "the the real story is that they're"}, {"start": "00:04:59", "end": "00:05:01", "text": "looking for a way to basically"}, {"start": "00:05:01", "end": "00:05:04", "text": "consolidate everyone's information into"}, {"start": "00:05:04", "end": "00:05:06", "text": "everything to be able to have control"}, {"start": "00:05:06", "end": "00:05:10", "text": "over what you do, what you buy, what you"}, {"start": "00:05:10", "end": "00:05:13", "text": "know, anything that you say will"}, {"start": "00:05:13", "end": "00:05:16", "text": "literally be held within the actual"}, {"start": "00:05:16", "end": "00:05:18", "text": "super app. And it's you know that's not"}, {"start": "00:05:18", "end": "00:05:20", "text": "how things this is why the idea you"}, {"start": "00:05:20", "end": "00:05:22", "text": "might have noticed recently this idea of"}, {"start": "00:05:22", "end": "00:05:25", "text": "like end toend encryption between apps."}, {"start": "00:05:25", "end": "00:05:28", "text": "So a lot of apps uh I won't name them uh"}, {"start": "00:05:28", "end": "00:05:30", "text": "but there are a few apps where basically"}, {"start": "00:05:30", "end": "00:05:33", "text": "if you are chatting with someone the the"}, {"start": "00:05:33", "end": "00:05:35", "text": "chat is literally only between you and"}, {"start": "00:05:35", "end": "00:05:37", "text": "that person. Even the company doesn't"}, {"start": "00:05:37", "end": "00:05:39", "text": "have access to it. So, a number of"}, {"start": "00:05:39", "end": "00:05:42", "text": "places around the world have uh tried to"}, {"start": "00:05:42", "end": "00:05:44", "text": "ban these or get rid of them because"}, {"start": "00:05:44", "end": "00:05:46", "text": "they want to know what you're saying to"}, {"start": "00:05:46", "end": "00:05:48", "text": "compile it into a database. So, that is"}, {"start": "00:05:48", "end": "00:05:50", "text": "your profile for basically everything"}, {"start": "00:05:50", "end": "00:05:52", "text": "you've said, everything you've looked at"}, {"start": "00:05:52", "end": "00:05:54", "text": "on the internet, everywhere you've been"}, {"start": "00:05:54", "end": "00:05:56", "text": "because it tracks your your physical"}, {"start": "00:05:56", "end": "00:05:59", "text": "location. Yeah. Like it creates a"}, {"start": "00:05:59", "end": "00:06:02", "text": "profile for you and who you are."}, {"start": "00:06:02", "end": "00:06:06", "text": "So, imagine my lack of surprise when"}, {"start": "00:06:06", "end": "00:06:08", "text": "this news story popped up and it was"}, {"start": "00:06:08", "end": "00:06:11", "text": "constantly touted as, \"Yeah, this is"}, {"start": "00:06:11", "end": "00:06:12", "text": "going to bring crypto into the"}, {"start": "00:06:12", "end": "00:06:16", "text": "mainstream.\" These people who keep"}, {"start": "00:06:16", "end": "00:06:18", "text": "creating these things, who present these"}, {"start": "00:06:18", "end": "00:06:20", "text": "things, they don't care about you. They"}, {"start": "00:06:20", "end": "00:06:24", "text": "don't care about us. Uh, data and"}, {"start": "00:06:24", "end": "00:06:28", "text": "information uh are are very big right"}, {"start": "00:06:28", "end": "00:06:30", "text": "now in the in the finance world. And it"}, {"start": "00:06:30", "end": "00:06:32", "text": "basically comes from accumulating as"}, {"start": "00:06:32", "end": "00:06:36", "text": "much data as they can about us and then"}, {"start": "00:06:36", "end": "00:06:38", "text": "selling it to other companies. Have you"}, {"start": "00:06:38", "end": "00:06:41", "text": "ever noticed sometimes when you are"}, {"start": "00:06:41", "end": "00:06:42", "text": "let's say you Googled something or you"}, {"start": "00:06:42", "end": "00:06:44", "text": "and your friend were chatting about"}, {"start": "00:06:44", "end": "00:06:45", "text": "something or you and you know something"}, {"start": "00:06:45", "end": "00:06:47", "text": "at some point and you start getting like"}, {"start": "00:06:47", "end": "00:06:49", "text": "ads that are targeted specifically to"}, {"start": "00:06:49", "end": "00:06:51", "text": "that thing that you only told your"}, {"start": "00:06:51", "end": "00:06:53", "text": "friend about or that you texted them"}, {"start": "00:06:53", "end": "00:06:55", "text": "about in a certain app is it's the"}, {"start": "00:06:55", "end": "00:06:57", "text": "selling of data. the extra data that the"}, {"start": "00:06:57", "end": "00:06:59", "text": "original company already has. They'll"}, {"start": "00:06:59", "end": "00:07:02", "text": "sell a mimicked copy to to to ad"}, {"start": "00:07:02", "end": "00:07:04", "text": "companies who say, \"Well, this person"}, {"start": "00:07:04", "end": "00:07:06", "text": "likes this, this, this, and this. They"}, {"start": "00:07:06", "end": "00:07:08", "text": "keep talking about this. They watch this"}, {"start": "00:07:08", "end": "00:07:09", "text": "on YouTube. They did this and this is"}, {"start": "00:07:09", "end": "00:07:11", "text": "why you like it's targeted ads in this"}, {"start": "00:07:11", "end": "00:07:14", "text": "sort of way.\" And it's been that way for"}, {"start": "00:07:14", "end": "00:07:15", "text": "a while, and it's only going to get"}, {"start": "00:07:15", "end": "00:07:19", "text": "creepier as time goes on. So then this"}, {"start": "00:07:19", "end": "00:07:22", "text": "news story popped up, and the problem is"}, {"start": "00:07:22", "end": "00:07:27", "text": "is that most how how do I say it?"}, {"start": "00:07:27", "end": "00:07:29", "text": "Most people care about their freedom"}, {"start": "00:07:29", "end": "00:07:33", "text": "because they think it's not being"}, {"start": "00:07:33", "end": "00:07:35", "text": "disrupted in any sort of way because"}, {"start": "00:07:35", "end": "00:07:38", "text": "people typically don't dig further into"}, {"start": "00:07:38", "end": "00:07:40", "text": "what's happening in their lives and they"}, {"start": "00:07:40", "end": "00:07:43", "text": "think that something"}, {"start": "00:07:43", "end": "00:07:46", "text": "is made to be convenient for them or to,"}, {"start": "00:07:46", "end": "00:07:47", "text": "you know, make things better. But no,"}, {"start": "00:07:47", "end": "00:07:49", "text": "it's just always a cash grab. It's"}, {"start": "00:07:49", "end": "00:07:52", "text": "something that we don't need. And this"}, {"start": "00:07:52", "end": "00:07:55", "text": "company doing this is doing this on"}, {"start": "00:07:55", "end": "00:07:57", "text": "purpose because they know"}, {"start": "00:07:57", "end": "00:07:59", "text": "that they're going to be able to trick"}, {"start": "00:07:59", "end": "00:08:02", "text": "an enormous amount of people into"}, {"start": "00:08:02", "end": "00:08:05", "text": "using this."}, {"start": "00:08:05", "end": "00:08:07", "text": "Walmart."}, {"start": "00:08:07", "end": "00:08:10", "text": "Yeah, Walmart"}, {"start": "00:08:10", "end": "00:08:12", "text": "has apparently a fintech venture. It's"}, {"start": "00:08:12", "end": "00:08:16", "text": "called OnePay."}, {"start": "00:08:16", "end": "00:08:19", "text": "Walmart's OnePay is preparing to"}, {"start": "00:08:19", "end": "00:08:22", "text": "introduce cryptocurrency services in its"}, {"start": "00:08:22", "end": "00:08:25", "text": "mobile app,"}, {"start": "00:08:25", "end": "00:08:28", "text": "thereby expanding its push to become a"}, {"start": "00:08:28", "end": "00:08:32", "text": "US super app."}, {"start": "00:08:32", "end": "00:08:33", "text": "You know what happens when everything"}, {"start": "00:08:33", "end": "00:08:36", "text": "goes through one app? They have all of"}, {"start": "00:08:36", "end": "00:08:38", "text": "your information. They know everything"}, {"start": "00:08:38", "end": "00:08:41", "text": "that you do, where you tap your phone,"}, {"start": "00:08:41", "end": "00:08:42", "text": "when you buy something, when you're"}, {"start": "00:08:42", "end": "00:08:45", "text": "chatting with someone."}, {"start": "00:08:45", "end": "00:08:48", "text": "Uhhuh. According to a CNBC report,"}, {"start": "00:08:48", "end": "00:08:52", "text": "OnePay will soon allow customers to buy,"}, {"start": "00:08:52", "end": "00:08:55", "text": "hold, and sell Bitcoin and Ethereum"}, {"start": "00:08:55", "end": "00:08:58", "text": "directly from its app. The service is"}, {"start": "00:08:58", "end": "00:09:01", "text": "expected to roll out later this year in"}, {"start": "00:09:01", "end": "00:09:03", "text": "partnership with crypto infrastructure"}, {"start": "00:09:03", "end": "00:09:06", "text": "startup Zero."}, {"start": "00:09:06", "end": "00:09:09", "text": "By integrating Zero Hash's platform,"}, {"start": "00:09:09", "end": "00:09:11", "text": "OnePay can offer secure custody and"}, {"start": "00:09:11", "end": "00:09:13", "text": "trading services without having to build"}, {"start": "00:09:13", "end": "00:09:17", "text": "the technology from scratch."}, {"start": "00:09:17", "end": "00:09:19", "text": "Now, the upcoming crypto service"}, {"start": "00:09:19", "end": "00:09:21", "text": "represents the latest step in that"}, {"start": "00:09:21", "end": "00:09:24", "text": "journey. Through this addition, OnePay"}, {"start": "00:09:24", "end": "00:09:26", "text": "seeks to position itself alongside"}, {"start": "00:09:26", "end": "00:09:30", "text": "global super apps such as WeChat."}, {"start": "00:09:30", "end": "00:09:32", "text": "Remember the thing I was telling you"}, {"start": "00:09:32", "end": "00:09:34", "text": "about before that only gathers data? For"}, {"start": "00:09:34", "end": "00:09:35", "text": "those of you who've never watched a"}, {"start": "00:09:35", "end": "00:09:38", "text": "documentary or seen what happens with"}, {"start": "00:09:38", "end": "00:09:41", "text": "WeChat,"}, {"start": "00:09:41", "end": "00:09:43", "text": "let's say at some point you disagree"}, {"start": "00:09:43", "end": "00:09:45", "text": "with something that's in the news,"}, {"start": "00:09:45", "end": "00:09:48", "text": "regardless of what it might be, and you"}, {"start": "00:09:48", "end": "00:09:50", "text": "write to your friend, \"I don't like it."}, {"start": "00:09:50", "end": "00:09:52", "text": "I don't care for it.\" And you do it"}, {"start": "00:09:52", "end": "00:09:54", "text": "through WeChat. You know who gets"}, {"start": "00:09:54", "end": "00:09:56", "text": "alerted?"}, {"start": "00:09:56", "end": "00:09:58", "text": "The government."}, {"start": "00:09:58", "end": "00:10:00", "text": "Yeah. This isn't a day they get alerted"}, {"start": "00:10:00", "end": "00:10:03", "text": "as to what exactly you said. Everything"}, {"start": "00:10:03", "end": "00:10:05", "text": "you say is recorded and then sent to"}, {"start": "00:10:05", "end": "00:10:09", "text": "someone if it raises a red flag. If you"}, {"start": "00:10:09", "end": "00:10:12", "text": "buy something that you yourself want to"}, {"start": "00:10:12", "end": "00:10:15", "text": "buy because you are of the appropriate"}, {"start": "00:10:15", "end": "00:10:17", "text": "age,"}, {"start": "00:10:17", "end": "00:10:20", "text": "however, uh the government doesn't like"}, {"start": "00:10:20", "end": "00:10:22", "text": "it. It gets flagged and that information"}, {"start": "00:10:22", "end": "00:10:25", "text": "actually gets sent uh to uh the"}, {"start": "00:10:25", "end": "00:10:27", "text": "government. And you and you might say,"}, {"start": "00:10:27", "end": "00:10:29", "text": "\"Well, I'm not buying those things. I'm"}, {"start": "00:10:29", "end": "00:10:31", "text": "not that kind of person.\" Do you know in"}, {"start": "00:10:31", "end": "00:10:33", "text": "China they have a thing if you buy too"}, {"start": "00:10:33", "end": "00:10:37", "text": "many video games?"}, {"start": "00:10:37", "end": "00:10:40", "text": "They have a number set that they think"}, {"start": "00:10:40", "end": "00:10:42", "text": "is inappropriate for people to have."}, {"start": "00:10:42", "end": "00:10:44", "text": "You're playing too many video games. Why"}, {"start": "00:10:44", "end": "00:10:46", "text": "aren't you working? Why aren't you"}, {"start": "00:10:46", "end": "00:10:48", "text": "producing more? And if you buy too many"}, {"start": "00:10:48", "end": "00:10:52", "text": "of something, you also go on a list. The"}, {"start": "00:10:52", "end": "00:10:55", "text": "other part is that if you start ranking"}, {"start": "00:10:55", "end": "00:10:58", "text": "on this list a little bit too high, uh"}, {"start": "00:10:58", "end": "00:11:01", "text": "the the the app also integrates into the"}, {"start": "00:11:01", "end": "00:11:04", "text": "actual infrastructure of the country. So"}, {"start": "00:11:04", "end": "00:11:06", "text": "if they see you jaywalking, this isn't a"}, {"start": "00:11:06", "end": "00:11:08", "text": "joke. If they see you jaywalking, if"}, {"start": "00:11:08", "end": "00:11:12", "text": "they see you outside at a certain period"}, {"start": "00:11:12", "end": "00:11:16", "text": "of time and you have been ingesting"}, {"start": "00:11:16", "end": "00:11:19", "text": "certain liquids with your friends, uh"}, {"start": "00:11:19", "end": "00:11:21", "text": "the app will also recognize that as"}, {"start": "00:11:21", "end": "00:11:25", "text": "well. you're ranking on the actual app"}, {"start": "00:11:25", "end": "00:11:27", "text": "and your sesame credit score will also"}, {"start": "00:11:27", "end": "00:11:30", "text": "go down. Now, the other problem ends up"}, {"start": "00:11:30", "end": "00:11:33", "text": "being if your score goes too far. It's"}, {"start": "00:11:33", "end": "00:11:35", "text": "it's basically like your literal credit"}, {"start": "00:11:35", "end": "00:11:38", "text": "score within the United States. If your"}, {"start": "00:11:38", "end": "00:11:39", "text": "score goes down too much and you're not"}, {"start": "00:11:39", "end": "00:11:42", "text": "being a good enough citizen or you're"}, {"start": "00:11:42", "end": "00:11:44", "text": "buying the wrong things or you're"}, {"start": "00:11:44", "end": "00:11:45", "text": "looking at this too often or you said"}, {"start": "00:11:45", "end": "00:11:48", "text": "this to your friend or you even traveled"}, {"start": "00:11:48", "end": "00:11:50", "text": "to a place that the this is also a thing"}, {"start": "00:11:50", "end": "00:11:54", "text": "that the uh makers didn't like. Well,"}, {"start": "00:11:54", "end": "00:11:57", "text": "your score goes down even further and in"}, {"start": "00:11:57", "end": "00:11:59", "text": "many cases you're not allowed to rent an"}, {"start": "00:11:59", "end": "00:12:01", "text": "apartment anymore."}, {"start": "00:12:01", "end": "00:12:03", "text": "You're not allowed to take trains or"}, {"start": "00:12:03", "end": "00:12:04", "text": "buses. is you have to you have to walk"}, {"start": "00:12:04", "end": "00:12:07", "text": "places. If your score goes down too low,"}, {"start": "00:12:07", "end": "00:12:11", "text": "then you can't fly out of the country."}, {"start": "00:12:13", "end": "00:12:16", "text": "It sounds fake, but it's exactly what it"}, {"start": "00:12:16", "end": "00:12:21", "text": "is. So, this push by these people to try"}, {"start": "00:12:21", "end": "00:12:25", "text": "and make some kind of a a a super app"}, {"start": "00:12:25", "end": "00:12:27", "text": "that does everything and collects all of"}, {"start": "00:12:27", "end": "00:12:31", "text": "your data is a gigantic"}, {"start": "00:12:31", "end": "00:12:36", "text": "red flag. It is a monstrously gigantic"}, {"start": "00:12:36", "end": "00:12:37", "text": "huge"}, {"start": "00:12:37", "end": "00:12:41", "text": "flag the size of 15 football fields in"}, {"start": "00:12:41", "end": "00:12:43", "text": "the sky."}, {"start": "00:12:43", "end": "00:12:46", "text": "It's also something that's not needed."}, {"start": "00:12:46", "end": "00:12:47", "text": "These companies keep creating things"}, {"start": "00:12:47", "end": "00:12:49", "text": "that they know will give them more power"}, {"start": "00:12:49", "end": "00:12:52", "text": "over you and your finances and what you"}, {"start": "00:12:52", "end": "00:12:54", "text": "do by saying, \"Well, you know, you can't"}, {"start": "00:12:54", "end": "00:12:56", "text": "do this anywhere else. Look, we have"}, {"start": "00:12:56", "end": "00:12:58", "text": "everything here.\""}, {"start": "00:12:58", "end": "00:13:00", "text": "And then you get stuck with that app"}, {"start": "00:13:00", "end": "00:13:02", "text": "because of sunken cost fallacy. You've"}, {"start": "00:13:02", "end": "00:13:04", "text": "been using it for seven years. All my"}, {"start": "00:13:04", "end": "00:13:06", "text": "all my friends use this app. All my"}, {"start": "00:13:06", "end": "00:13:09", "text": "friends text here. I do all my shopping"}, {"start": "00:13:09", "end": "00:13:11", "text": "through this website. I do all my I"}, {"start": "00:13:11", "end": "00:13:15", "text": "guess I got to keep using it."}, {"start": "00:13:15", "end": "00:13:17", "text": "OnePay seeks to position itself"}, {"start": "00:13:17", "end": "00:13:20", "text": "alongside global super apps such as"}, {"start": "00:13:20", "end": "00:13:24", "text": "WeChat, which dominate overseas markets"}, {"start": "00:13:24", "end": "00:13:27", "text": "by integrating payments, social"}, {"start": "00:13:27", "end": "00:13:30", "text": "features, and financial tools into a"}, {"start": "00:13:30", "end": "00:13:33", "text": "unified ecosystem."}, {"start": "00:13:33", "end": "00:13:36", "text": "The news is, my friends, for those of"}, {"start": "00:13:36", "end": "00:13:39", "text": "you who have not caught on, is that this"}, {"start": "00:13:39", "end": "00:13:42", "text": "is awesome. This is really cool because"}, {"start": "00:13:42", "end": "00:13:44", "text": "what they're doing is like they're"}, {"start": "00:13:44", "end": "00:13:47", "text": "making it easier for everyone to like"}, {"start": "00:13:47", "end": "00:13:50", "text": "get into crypto. But the veil that's"}, {"start": "00:13:50", "end": "00:13:52", "text": "there as well is that they're gathering"}, {"start": "00:13:52", "end": "00:13:56", "text": "all of your data. They want everything"}, {"start": "00:13:56", "end": "00:13:58", "text": "from you. They know that people don't"}, {"start": "00:13:58", "end": "00:14:00", "text": "know how to opt out and people aren't"}, {"start": "00:14:00", "end": "00:14:02", "text": "looking for private ways to live their"}, {"start": "00:14:02", "end": "00:14:04", "text": "lives. Remember remember life in the"}, {"start": "00:14:04", "end": "00:14:07", "text": "90s? remember remember the early early"}, {"start": "00:14:07", "end": "00:14:10", "text": "2000s when this like wasn't a thing and"}, {"start": "00:14:10", "end": "00:14:13", "text": "how we all like you know guys we somehow"}, {"start": "00:14:13", "end": "00:14:15", "text": "managed for thousands of years I don't"}, {"start": "00:14:15", "end": "00:14:17", "text": "know how we did it how do we do it"}, {"start": "00:14:17", "end": "00:14:20", "text": "before how did we"}, {"start": "00:14:20", "end": "00:14:22", "text": "despite being a relatively new"}, {"start": "00:14:22", "end": "00:14:24", "text": "apparently"}, {"start": "00:14:24", "end": "00:14:27", "text": "one pay has already gained popularity"}, {"start": "00:14:27", "end": "00:14:29", "text": "this is why they're doing it because"}, {"start": "00:14:29", "end": "00:14:31", "text": "it's run by Walmart they know that they"}, {"start": "00:14:31", "end": "00:14:33", "text": "have a core base of people who will"}, {"start": "00:14:33", "end": "00:14:36", "text": "continue shopping with them regardless"}, {"start": "00:14:36", "end": "00:14:38", "text": "if you sprinkle in front of their face,"}, {"start": "00:14:38", "end": "00:14:39", "text": "hey, remember that thing you heard about"}, {"start": "00:14:39", "end": "00:14:41", "text": "on the news that did really well in"}, {"start": "00:14:41", "end": "00:14:45", "text": "price, you can buy it through us now."}, {"start": "00:14:45", "end": "00:14:47", "text": "We're we're just going to need a little"}, {"start": "00:14:47", "end": "00:14:49", "text": "bit of your data and then please, you"}, {"start": "00:14:49", "end": "00:14:52", "text": "know, keep keep using the app. The app"}, {"start": "00:14:52", "end": "00:14:55", "text": "currently ranks number five"}, {"start": "00:14:55", "end": "00:14:59", "text": "among free finance apps. If something is"}, {"start": "00:14:59", "end": "00:15:03", "text": "free, you are the customer. you are the"}, {"start": "00:15:03", "end": "00:15:07", "text": "you are the the thing that's making them"}, {"start": "00:15:07", "end": "00:15:10", "text": "money. Apparently, this app is so OnePay"}, {"start": "00:15:10", "end": "00:15:13", "text": "is so popular it has surpassed JP"}, {"start": "00:15:13", "end": "00:15:18", "text": "Morgan, Chase, Robin Hood, and Chime."}, {"start": "00:15:18", "end": "00:15:21", "text": "Yeah, my friends, this was uh very"}, {"start": "00:15:21", "end": "00:15:25", "text": "popular news. It has to do with the word"}, {"start": "00:15:25", "end": "00:15:29", "text": "Walmart. The idea of Walmart being there"}, {"start": "00:15:29", "end": "00:15:32", "text": "shows clear levels of adoption. Yeah, we"}, {"start": "00:15:32", "end": "00:15:35", "text": "made it. Even Walmart is getting into"}, {"start": "00:15:35", "end": "00:15:38", "text": "crypto. I can't believe it. This is a"}, {"start": "00:15:38", "end": "00:15:41", "text": "gigantic red flag."}, {"start": "00:15:42", "end": "00:15:45", "text": "Other countries have of course try to"}, {"start": "00:15:45", "end": "00:15:47", "text": "also make their super apps and then"}, {"start": "00:15:47", "end": "00:15:52", "text": "their citizens usually say no."}, {"start": "00:15:52", "end": "00:15:54", "text": "Yeah, nobody wants to be tracked and"}, {"start": "00:15:54", "end": "00:15:56", "text": "traced"}, {"start": "00:15:56", "end": "00:16:00", "text": "ever, especially not all the time. So,"}, {"start": "00:16:00", "end": "00:16:03", "text": "as I said before with the Coinbase Super"}, {"start": "00:16:03", "end": "00:16:05", "text": "app and this one and the next one that's"}, {"start": "00:16:05", "end": "00:16:07", "text": "also going to try and pop up, uh, just"}, {"start": "00:16:07", "end": "00:16:12", "text": "be aware of where things are going. Uh,"}, {"start": "00:16:12", "end": "00:16:14", "text": "because this will all be provided under"}, {"start": "00:16:14", "end": "00:16:18", "text": "the guise of helping crypto, bringing"}, {"start": "00:16:18", "end": "00:16:20", "text": "crypto to the mainstream, helping"}, {"start": "00:16:20", "end": "00:16:22", "text": "people. No, no. There's there's"}, {"start": "00:16:22", "end": "00:16:25", "text": "something behind that"}, {"start": "00:16:25", "end": "00:16:27", "text": "uh that you should also be paying"}, {"start": "00:16:27", "end": "00:16:31", "text": "attention to as well. Yeah. Okie dokie."}, {"start": "00:16:31", "end": "00:16:35", "text": "Well, um crypto adoption continues."}, {"start": "00:16:35", "end": "00:16:38", "text": "I would like to see more everyday people"}, {"start": "00:16:38", "end": "00:16:41", "text": "into crypto, but I would also like for"}, {"start": "00:16:41", "end": "00:16:43", "text": "their data and their information to not"}, {"start": "00:16:43", "end": "00:16:46", "text": "be absorbed and hoarded by these"}, {"start": "00:16:46", "end": "00:16:48", "text": "companies who are just using the data to"}, {"start": "00:16:48", "end": "00:16:51", "text": "make more money for themselves. So, what"}, {"start": "00:16:51", "end": "00:16:55", "text": "can you do? I do hope"}, {"start": "00:16:55", "end": "00:16:58", "text": "that you got something from the video. I"}, {"start": "00:16:58", "end": "00:17:01", "text": "do hope you all are having a great day,"}, {"start": "00:17:01", "end": "00:17:03", "text": "morning, afternoon, evening, wherever"}, {"start": "00:17:03", "end": "00:17:06", "text": "you are, wherever the heck you might be."}, {"start": "00:17:06", "end": "00:17:08", "text": "I do hope it is absolutely"}, {"start": "00:17:08", "end": "00:17:10", "text": "fantastic."}, {"start": "00:17:10", "end": "00:17:12", "text": "Thank you all once again for watching,"}, {"start": "00:17:12", "end": "00:17:14", "text": "listening, liking, commenting, and"}, {"start": "00:17:14", "end": "00:17:17", "text": "supporting. and I will most certainly be"}, {"start": "00:17:17", "end": "00:17:22", "text": "talking to you all soon."}, {"start": "00:17:22", "end": "00:17:25", "text": "See you."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "possible. Dab is there. I'm there. Oh yes. Oh yes. Yes. Oh yes. Guys,"}, {"start": "00:00:05", "end": "00:00:10", "text": "welcome to another episode. And as you can see right now, Bitcoin is at 86.8."}, {"start": "00:00:10", "end": "00:00:18", "text": "We are going lower, lower, and lower. Now to be fair, last week we were all the way at 80. Okay, 80. And of course,"}, {"start": "00:00:18", "end": "00:00:23", "text": "now it is a bit higher. And the question that many people have is, is this a real"}, {"start": "00:00:23", "end": "00:00:29", "text": "recovery? Will we have a real recovery that will take us to new all-time highs?"}, {"start": "00:00:29", "end": "00:00:34", "text": "And we're just going to go up and up and up and up to Valhalla from here. And listen, while we all want that, I would"}, {"start": "00:00:34", "end": "00:00:41", "text": "love for people to go to Valhalla tomorrow. Tomorrow, I mean or even today would be even better today. We need to"}, {"start": "00:00:41", "end": "00:00:46", "text": "look the reality, the truth in the eye. And we need to treat all bounces in a"}, {"start": "00:00:46", "end": "00:00:52", "text": "bare trend in which we are right now on the money line as dead cat bounces."}, {"start": "00:00:52", "end": "00:01:00", "text": "within a bare trend. All bounces are dead cat bounces unless and until proven"}, {"start": "00:01:00", "end": "00:01:08", "text": "otherwise. Okay. And in this case, how can this bounce prove us otherwise? It is if it goes above the bare flip above"}, {"start": "00:01:08", "end": "00:01:14", "text": "116 basically. So now Bitcoin needs to go above 116 in order to be bullish"}, {"start": "00:01:14", "end": "00:01:19", "text": "again. And if it does it, fantastic. If not, it is a dead cat bounce. And what"}, {"start": "00:01:19", "end": "00:01:24", "text": "can happen here and actually what I'm expecting is a revisit of of the 50WE"}, {"start": "00:01:24", "end": "00:01:30", "text": "moving average which is currently at 102. it is going to go down like this"}, {"start": "00:01:30", "end": "00:01:36", "text": "and so within the coming weeks I think it's very very likely that we're going to revisit it and then because we are in"}, {"start": "00:01:36", "end": "00:01:43", "text": "a downtrend because we are in a bare trend likelihood is we're going to get rejected but but it is possible"}, {"start": "00:01:43", "end": "00:01:49", "text": "everything is possible all everything is just probability but there is a probability that we also go above it but"}, {"start": "00:01:49", "end": "00:01:55", "text": "um as traders we have to be on the side of whatever is the highest probability okay whatever is the highest probability"}, {"start": "00:01:55", "end": "00:02:01", "text": "and in this case because we are in bare trend All uh bounces are dead cat bounces"}, {"start": "00:02:01", "end": "00:02:08", "text": "until and unless uh proven otherwise just like in a bull market. In a bull market all dips are for buying until"}, {"start": "00:02:08", "end": "00:02:14", "text": "proven otherwise. I mean all dips throughout the bull market they have been for buying and uh now we are in"}, {"start": "00:02:14", "end": "00:02:21", "text": "different situation where we are in bare trend and obviously it's different. So let's see what's going to happen here. And in case we have a dead cat bounce if"}, {"start": "00:02:21", "end": "00:02:26", "text": "we look at the last cycle and if you look here let me actually go back here."}, {"start": "00:02:26", "end": "00:02:32", "text": "You see, we did see this one. We did see this one that we entered the bear bum bum bum bum bum bum bum and then we we"}, {"start": "00:02:32", "end": "00:02:38", "text": "got this push all the way to the 50 moving average. This push was uh four"}, {"start": "00:02:38", "end": "00:02:44", "text": "weeks or so. I mean quite quite a good push. Imagine for four weeks Bitcoin goes up. Imagine the feeling in the"}, {"start": "00:02:44", "end": "00:02:50", "text": "ecosystem for four weeks Bitcoin goes up. Obviously the sentiment would change very quickly. It would be super super"}, {"start": "00:02:50", "end": "00:02:58", "text": "bullish. Everyone would be calling for new alltime highs. But uh 50 week moving average did get um did did it did um"}, {"start": "00:02:58", "end": "00:03:05", "text": "play a big role here and it was the resistance obviously old support now resistance and then we fell lower and we"}, {"start": "00:03:05", "end": "00:03:12", "text": "only broke it here in 2023 when we actually entered the market again when we fle bullish here on the money line in"}, {"start": "00:03:12", "end": "00:03:17", "text": "January. So the same thing is likely to happen now. And if you look at the time"}, {"start": "00:03:17", "end": "00:03:23", "text": "from the top to the peak to the to the top of the net bounce, if we repeat the"}, {"start": "00:03:23", "end": "00:03:28", "text": "same timing as last cycle, then the top is going to be somewhere in uh February."}, {"start": "00:03:28", "end": "00:03:35", "text": "Okay? Uh from the peak to the top of the deadcat bounce. So if we do something"}, {"start": "00:03:35", "end": "00:03:41", "text": "like this, let's say we go lower and then we kind of go up here like like this. Could could be like this. Could be in any other different ways. If we are"}, {"start": "00:03:41", "end": "00:03:48", "text": "to repeat the last cycle, obviously Bitcoin doesn't have to do it. We could just go here and re revisit it. But to"}, {"start": "00:03:48", "end": "00:03:54", "text": "have something to look at, to have some kind of um of um um of template that"}, {"start": "00:03:54", "end": "00:04:01", "text": "that the market follows, we can look at the uh previous cycle and then February would be the peak of the this local"}, {"start": "00:04:01", "end": "00:04:06", "text": "bottom that Bitcoin will do at some point. At some point, Bitcoin will do local bottom. At some point, we will"}, {"start": "00:04:06", "end": "00:04:13", "text": "have a dead cat bounce. Is this currently happening? I mean, you see yourself on the charts is straight down. For now, I I cannot even call it a dead"}, {"start": "00:04:13", "end": "00:04:19", "text": "cut bounce because it's straight down. Yes, the week last week closed a bit higher than the low of last week. But if"}, {"start": "00:04:19", "end": "00:04:24", "text": "you look on the weekly, it is just uh down and down and down. Now, the good thing is the good thing there is one"}, {"start": "00:04:24", "end": "00:04:30", "text": "good thing is we did see a bit of inflow in the ETF. That's good. That's good. At least there's something there is"}, {"start": "00:04:30", "end": "00:04:37", "text": "something. So, now that we have a new day, let me actually refresh. Was this Friday, 21st or? Yeah, it was Friday. On"}, {"start": "00:04:37", "end": "00:04:44", "text": "Friday, we did see a bit of inflow and uh it's going to be very key for Bitcoin to keep having inflows. Bitcoin really"}, {"start": "00:04:44", "end": "00:04:50", "text": "need inflows because one thing is for sure and that's that Micro Strategy and other treasury companies will have a big"}, {"start": "00:04:50", "end": "00:04:56", "text": "problem buying Bitcoin and their stock is likely to continue down. Why? Because they they will likely get delisted from"}, {"start": "00:04:56", "end": "00:05:01", "text": "all of these um indexes. This is an attack. Some people call it an attack uh"}, {"start": "00:05:01", "end": "00:05:07", "text": "from Tradfy. TRA is attacking crypto by removing micro strategy from for example"}, {"start": "00:05:07", "end": "00:05:12", "text": "MCI index and this is a Morgan Stanley index that uh that many capital"}, {"start": "00:05:12", "end": "00:05:20", "text": "allocators are following. This is still not yet decided. This is mainly FUD for now that because Micro Strategy has so"}, {"start": "00:05:20", "end": "00:05:25", "text": "much crypto on the balance sheet uh and uh there are now this there are so many"}, {"start": "00:05:25", "end": "00:05:31", "text": "of the balance sheet companies that buy Bitcoin and have it on their on their balance sheet that there needs to be a"}, {"start": "00:05:31", "end": "00:05:38", "text": "separate treatment of them. And this is what what JP Morgan is coming out and saying that we have so many now that we"}, {"start": "00:05:38", "end": "00:05:43", "text": "need to treat them differently so that in case you have more than 45%"}, {"start": "00:05:43", "end": "00:05:49", "text": "of your balance sheet in crypto, you cannot be in these big uh indexes such"}, {"start": "00:05:49", "end": "00:05:54", "text": "as MSCI. This is still not decided. It's going to be until January 10th that"}, {"start": "00:05:54", "end": "00:06:00", "text": "we're going to have this FUD. Now, let me actually say exactly when it is. Uh I believe January 10th is when they will"}, {"start": "00:06:00", "end": "00:06:06", "text": "make the final uh final decision on it. January 15th. January 15th, 2026. Uh but"}, {"start": "00:06:06", "end": "00:06:11", "text": "this is why uh Micro Strategy is selling off even faster now because the"}, {"start": "00:06:11", "end": "00:06:17", "text": "investors are worried that they're going to lose their their position in the index and then when you don't have the"}, {"start": "00:06:17", "end": "00:06:23", "text": "inflows into the company from the index, it's a big difference. It's a big difference. And you can read on Twitter a lot. I mean many people are saying are"}, {"start": "00:06:23", "end": "00:06:28", "text": "saying it's an attack from Trafi and that JP Morgan is actually shorting that"}, {"start": "00:06:28", "end": "00:06:36", "text": "they're shorting Micro Strategy which they may be doing. Max Kaiser is saying that if Micro Strategy pumps 50% it will"}, {"start": "00:06:36", "end": "00:06:42", "text": "bankrupt it will bankrupt uh JP Morgan because they they have naked short could"}, {"start": "00:06:42", "end": "00:06:48", "text": "be could be true. But the thing is we don't have to care too much about this. We don't have to look too much on this"}, {"start": "00:06:48", "end": "00:06:55", "text": "because we already knew that Micro Strategy is bearish since August. Since August now people are saying, \"Oh,"}, {"start": "00:06:55", "end": "00:07:03", "text": "there's so much fat trad attacking.\" But you don't have to worry too much about that. Since August has been bearish, then whatever the reason is is actually"}, {"start": "00:07:03", "end": "00:07:10", "text": "secondary because since August is bare and when it's bare, we are bare. So nothing to to be surprised about. There"}, {"start": "00:07:10", "end": "00:07:16", "text": "will always be some kind of explanation. There will always be some kind of news, some kind of uh bare news to compare to"}, {"start": "00:07:16", "end": "00:07:22", "text": "confirm the the bare price. And it's better to be front running all of that. And one way of doing that is to"}, {"start": "00:07:22", "end": "00:07:30", "text": "following the trend like we've been doing. Also, there's a lot of discussion who is selling, why they're selling. You"}, {"start": "00:07:30", "end": "00:07:37", "text": "look at S&P versus Bitcoin. S&P continued uh very very well and the Bitcoin started to go down and the zero"}, {"start": "00:07:37", "end": "00:07:42", "text": "hedge is rising. At some point, we'll learn who is selling. Everyone in the industry is trying to understand who is"}, {"start": "00:07:42", "end": "00:07:48", "text": "selling, who is selling. But yet again, you we don't have to know that. We just know that it's red. Someone is selling."}, {"start": "00:07:48", "end": "00:07:54", "text": "This is a problem with fundamental analysis in general that you may have the greatest analysis. Everyone is so"}, {"start": "00:07:54", "end": "00:08:00", "text": "bullish in the media, but then they're still selling. So who is selling? We don't know. But the chart shows us that"}, {"start": "00:08:00", "end": "00:08:08", "text": "someone is freaking selling. Someone is freaking selling. Continuously clicking the red sell button. And this is more"}, {"start": "00:08:08", "end": "00:08:14", "text": "important than any news because clearly whatever the talking heads that are bullish are saying in the in the"}, {"start": "00:08:14", "end": "00:08:20", "text": "television in the media is not what they're doing in the chart. Sometimes"}, {"start": "00:08:20", "end": "00:08:28", "text": "you have these big institutions saying that they're bullish on an asset and the chart goes down and they're selling behind the scenes. That's why we never"}, {"start": "00:08:28", "end": "00:08:34", "text": "follow headlines. We never look at what the media is saying. We only look at the chart because that's what they're doing."}, {"start": "00:08:34", "end": "00:08:41", "text": "Okay? That's what they're doing. And so here clearly someone is pushing the the red cell button a lot a lot a lot a lot"}, {"start": "00:08:41", "end": "00:08:49", "text": "a lot a lot. Um also Donald Trump is now betting he himself is betting on uh"}, {"start": "00:08:49", "end": "00:08:55", "text": "bonds uh going up basically that the interest rates will come down. He's"}, {"start": "00:08:55", "end": "00:09:01", "text": "buying bonds like never before. And this basically means that he's betting on interest rates coming down. So from a"}, {"start": "00:09:01", "end": "00:09:06", "text": "bullish perspective, lower interest rates are fantastic and I think it will"}, {"start": "00:09:06", "end": "00:09:12", "text": "play play in into the cycle. If you look at the cycle here and the bare side of"}, {"start": "00:09:12", "end": "00:09:17", "text": "the cycle that we're now potentially entering, well, I mean, we're bearish on the weekly, so we have entered it. We"}, {"start": "00:09:17", "end": "00:09:25", "text": "have two things that are going to happen within the coming uh within the coming year. Number one is uh the Fed chair"}, {"start": "00:09:25", "end": "00:09:31", "text": "going to be here in uh in May and then number two is October next year is where"}, {"start": "00:09:31", "end": "00:09:38", "text": "we see the standard bottoming time. So these are two important dates to look at the May May date where new Fed shares"}, {"start": "00:09:38", "end": "00:09:44", "text": "going to be installed. It's going to take time for them to lower rates get the money into the ecosystem into the"}, {"start": "00:09:44", "end": "00:09:49", "text": "financial ecosystem and so on so forth. And so that's why towards the end of"}, {"start": "00:09:49", "end": "00:09:56", "text": "2026, that's where personally I'm the most excited. And also, if you look here on our heat map in the money line, you"}, {"start": "00:09:56", "end": "00:10:02", "text": "see that we're now yellow, a bit orange, a bit yellow. And throughout next year, we're going to be going more and more"}, {"start": "00:10:02", "end": "00:10:07", "text": "towards green. So that at the end of next year, I think we will be repeating"}, {"start": "00:10:07", "end": "00:10:13", "text": "something like we had here, something like we had here in 2019 2020 where the"}, {"start": "00:10:13", "end": "00:10:18", "text": "environment is becoming super super super hot when it comes to the Fed, when"}, {"start": "00:10:18", "end": "00:10:24", "text": "it comes to macro and Bitcoin just explodes with this mega green backdrop."}, {"start": "00:10:24", "end": "00:10:29", "text": "It will take time to go from where we are now. Currently, we're still yellow, we're still orange. So it's going to"}, {"start": "00:10:29", "end": "00:10:35", "text": "take time. likely it's going to take maybe two three quarters to get into green and that lines up with the with"}, {"start": "00:10:35", "end": "00:10:43", "text": "the plan here that new fed share in May printing happening basically since May"}, {"start": "00:10:43", "end": "00:10:50", "text": "uh but it takes time normally it takes a bit of time for the market to react and then towards the end of summer towards"}, {"start": "00:10:50", "end": "00:10:58", "text": "autumn that's where we may see the big fat explosion in Bitcoin and we're going to go towards $1 million and Bitcoin is"}, {"start": "00:10:58", "end": "00:11:03", "text": "going to be really entering its endgame and I'm very excited for that. You'll understand Ivan, how can you be so"}, {"start": "00:11:03", "end": "00:11:10", "text": "excited? Well, I mean if we have discount on Bitcoin which we currently have by the way but if it continues"}, {"start": "00:11:10", "end": "00:11:15", "text": "further and then we have new Fed next year and"}, {"start": "00:11:15", "end": "00:11:22", "text": "then we have the money line heat map heat map going to green how can you not be excited because if we can buy Bitcoin"}, {"start": "00:11:22", "end": "00:11:29", "text": "at 60 50 40 it's going to be crazy. It's going to be crazy. Anyway, welcome everyone who's watching live. Big big"}, {"start": "00:11:29", "end": "00:11:35", "text": "welcome. Smash up the like as soon as possible. Let me know how you're doing this fantastic Monday. Monday, another"}, {"start": "00:11:35", "end": "00:11:42", "text": "week, another opportunity. Big shout out to Dab who is time us today. Smash the"}, {"start": "00:11:42", "end": "00:11:47", "text": "like. Let's get to 4K likes. I know many people don't want to hear us speak about the bare market, but guys, I mean, we"}, {"start": "00:11:47", "end": "00:11:52", "text": "are in bearish trend on weekly. I mean, this is what it is. And it's good. Like bare market is good. It is where you"}, {"start": "00:11:52", "end": "00:11:57", "text": "open trades which are no-brainer. Is there a norer at the end of bull market?"}, {"start": "00:11:57", "end": "00:12:03", "text": "It is becoming more and more tough. I mean basically throughout the last year whatever you did in Bitcoin I mean it"}, {"start": "00:12:03", "end": "00:12:10", "text": "wasn't too good. Bitcoin was sideways for a year around 100k. So how do you make money here? Whether you are long or"}, {"start": "00:12:10", "end": "00:12:15", "text": "short use leverage to the upside or downside. It is just tougher because it's just chop. We've been chopping for"}, {"start": "00:12:15", "end": "00:12:22", "text": "a full year. And so obviously it's way better when you have something like this. So that's why I'm excited. I know"}, {"start": "00:12:22", "end": "00:12:27", "text": "in the last video some people were writing Ivan he's so excited. Why he's so excited? It's it's excite he's so"}, {"start": "00:12:27", "end": "00:12:32", "text": "excited but price go I mean guys I I'm very excited. I'm very excited for this."}, {"start": "00:12:32", "end": "00:12:37", "text": "This is where personally I've made the most money. It was when we went from a"}, {"start": "00:12:37", "end": "00:12:44", "text": "prolonged bear into bull. This is where all are cheap. And you know some"}, {"start": "00:12:44", "end": "00:12:49", "text": "influencers are telling you on Twitter they've been telling you for over a year you know buy all going to 100x all going"}, {"start": "00:12:49", "end": "00:12:57", "text": "to start you know all of this you know low brain cell kind of messages big shout out to everyone but it is they"}, {"start": "00:12:57", "end": "00:13:03", "text": "have wrecked so many people you buy alts when do you buy alts when"}, {"start": "00:13:03", "end": "00:13:09", "text": "they go from a macro bear into a macro bull that's when you you don't have to"}, {"start": "00:13:09", "end": "00:13:16", "text": "research them too much okay you don't have to research them uh too much you have a quality alls as long as they are"}, {"start": "00:13:16", "end": "00:13:23", "text": "some listen we need to be clear most alls are for guys they're for guys most of them will not survive several cycles"}, {"start": "00:13:23", "end": "00:13:30", "text": "uh and most of them go down to zero versus bitcoin but in a new cycle when you go from macro bear to macro bull"}, {"start": "00:13:30", "end": "00:13:35", "text": "that doesn't matter they're going to pump anyway most of them are going to pump anyway if they are in a bull trend"}, {"start": "00:13:35", "end": "00:13:41", "text": "and this is a problem that many people have been facing this cycle they've been holding assets holding altcoins in a in"}, {"start": "00:13:41", "end": "00:13:48", "text": "a bare trend so You need to go from a micro bull bren into a macro bull trend and and have only all in a bull trend."}, {"start": "00:13:48", "end": "00:13:55", "text": "If they are still in bare trend, don't touch them. Don't. But see, people are in religions. They're not investing. They're in religion. And of course,"}, {"start": "00:13:55", "end": "00:14:01", "text": "we're educating about the mechanical rules because what I'm saying here that when bull market is starting, when bare"}, {"start": "00:14:01", "end": "00:14:07", "text": "market is ending, you need to know the mechanical rules because that's how I've made the most money. Use the link below"}, {"start": "00:14:07", "end": "00:14:15", "text": "to watch this free training about the mechanical rules. basically how to enter in the lowest possible risk and this"}, {"start": "00:14:15", "end": "00:14:21", "text": "allows you to take bigger trades to be more confident and to ride big macro"}, {"start": "00:14:21", "end": "00:14:28", "text": "trends to the upside. I mean like you see here with uh with Bitcoin very very important. So, I hope you you appreciate"}, {"start": "00:14:28", "end": "00:14:34", "text": "the the the the truth here because I know the best thing an influencer can do"}, {"start": "00:14:34", "end": "00:14:40", "text": "just for themselves, I mean selfishly is to just yell buy the dip, buy the dip, buy the dip and then because it's low"}, {"start": "00:14:40", "end": "00:14:45", "text": "risk like if you say buy buy the dip, no one's going to complain about you. You"}, {"start": "00:14:45", "end": "00:14:50", "text": "in fact in fact you're going to get a lot of support even if you say buy the dip but you think it's bearish is like"}, {"start": "00:14:50", "end": "00:14:56", "text": "the best strategy. is in crypto influencer 101, crypto influencer starter pack is to always just repeat"}, {"start": "00:14:56", "end": "00:15:02", "text": "buy the dip because you're never going to get any heat for that. And so instead, if you do as we've been doing"}, {"start": "00:15:02", "end": "00:15:09", "text": "when we actually turned bearish on October 8th, man, we paid a lot a lot of price for that when it comes to push"}, {"start": "00:15:09", "end": "00:15:15", "text": "back. But it was worth it. It was worth it because we get a lot of messages today where people say, \"Hey, Ivan, you"}, {"start": "00:15:15", "end": "00:15:20", "text": "saved me. You saved me.\" Um because on October 8th, we said, \"Be careful, remove leverage.\" It was before October"}, {"start": "00:15:20", "end": "00:15:28", "text": "10th when everyone got wrecked with le with with leverage and then obviously it was at 124 125k. Now we're at 86k. So at"}, {"start": "00:15:28", "end": "00:15:34", "text": "that day it's worth it. But this buy the dip man I mean it's classic classic. Now"}, {"start": "00:15:34", "end": "00:15:43", "text": "let's move on. Reach out to dab. You heard that. Let's move on. Let's speak about what's happening overall in the in"}, {"start": "00:15:43", "end": "00:15:49", "text": "the markets. Let me see the first of let's see the the returns the quarterly returns and all of that. Then we go into"}, {"start": "00:15:49", "end": "00:15:56", "text": "the bubbles. And we're going to see other stuff. Quarterly returns look like this. Currently, we have, holy crap, Q4"}, {"start": "00:15:56", "end": "00:16:02", "text": "minus 31. Okay, it's crazy. It's basically a repetition of uh 2019 or"}, {"start": "00:16:02", "end": "00:16:09", "text": "something like that. So, quarterly returns Q4 for now, we're mega mega wrecked and uh we've been bearish since"}, {"start": "00:16:09", "end": "00:16:15", "text": "October 8th and we've basically been protected from all of this. Guys, November is like we said, it's becoming"}, {"start": "00:16:15", "end": "00:16:20", "text": "like this one. We said you remember minus3% here minus 36 here minus 3% here"}, {"start": "00:16:20", "end": "00:16:27", "text": "we said we don't want to go to minus 36 seems that we are kind of kind of going"}, {"start": "00:16:27", "end": "00:16:33", "text": "in that direction I would say now it's like close enough that uh we 2025 is a"}, {"start": "00:16:33", "end": "00:16:38", "text": "repetition of 2018 still one week to go in November let's see what we can do"}, {"start": "00:16:38", "end": "00:16:46", "text": "here maybe it's going to recover a bit in the dead cut bounce in the in the relief rally for now uh big fat down"}, {"start": "00:16:46", "end": "00:16:51", "text": "minus 20%. And then we have December potential Santa rally could be on the"}, {"start": "00:16:51", "end": "00:16:58", "text": "table and um I'm actually expecting some kind of relief rally as you know. So short term I'm I'm not too bearish"}, {"start": "00:16:58", "end": "00:17:04", "text": "shortterm. I think short term we may see some relief. Uh obviously it depends how"}, {"start": "00:17:04", "end": "00:17:10", "text": "how much treasuries are dumping because treasuries are dumping unfortunately. Micro strategy not dumping but um e"}, {"start": "00:17:10", "end": "00:17:16", "text": "treasuries they have started to to dump. Let me pull up Bob Lucas because he was"}, {"start": "00:17:16", "end": "00:17:21", "text": "also I believe he was also speaking about the big fat relief rally. And"}, {"start": "00:17:21", "end": "00:17:28", "text": "again with relief rally you always have to be you have to know them for what they are and that's relief rally. It's"}, {"start": "00:17:28", "end": "00:17:34", "text": "not a new trend this and that until proven otherwise and we don't know that until proven otherwise which would be if"}, {"start": "00:17:34", "end": "00:17:41", "text": "they go above 116. But anyway, let me go to Bob Lucas here. Where where does he say that we're going to have a rally? Is"}, {"start": "00:17:41", "end": "00:17:48", "text": "it here? It's easy to get drowned in negativity on Bitcoin is this beaten down. But no matter how the broader for"}, {"start": "00:17:48", "end": "00:17:54", "text": "cycle unfolds, this market will see a meaningful rally soon. One that can"}, {"start": "00:17:54", "end": "00:17:59", "text": "carry us well into January. Yeah, I mean it's it's kind of like we're saying here potential that can bounce top. Let me"}, {"start": "00:17:59", "end": "00:18:06", "text": "maybe write like this. I mean it's somewhere here, you know, somewhere here in in January in February. Doesn't have"}, {"start": "00:18:06", "end": "00:18:12", "text": "to be exact, but according to last cycle, it should be in February somewhere the the dead cat bounce. So I"}, {"start": "00:18:12", "end": "00:18:17", "text": "do do agree with that that we should see at some point a dead cat bounce. Uh next"}, {"start": "00:18:17", "end": "00:18:26", "text": "let's check what the whales are doing. If the plebe is now bearish or only whale is bearish still it's mainly"}, {"start": "00:18:26", "end": "00:18:31", "text": "mainly the whales the highly profitable traders that are bearish still. Uh then"}, {"start": "00:18:31", "end": "00:18:38", "text": "you have the uh smaller traders and this data again is from hyperlquid is decentralized uh per exchange"}, {"start": "00:18:38", "end": "00:18:44", "text": "decentralized leverage exchange which is the biggest one and this data therefore is high signal. I really love this data."}, {"start": "00:18:44", "end": "00:18:50", "text": "This data helped us to navigate this market like never before because we see what the whales are doing. You know we"}, {"start": "00:18:50", "end": "00:18:56", "text": "make a bit of fun of the onchain analysis guy guys. There is this guy I will soon show you again. He's he's"}, {"start": "00:18:56", "end": "00:19:02", "text": "looking at onchain trying to understand onchain but onchain is very hard. It's ve very very hard. I love this one way"}, {"start": "00:19:02", "end": "00:19:09", "text": "more with Hyperlid because we actually see what they're doing. But just another point to why we don't use onchain. I"}, {"start": "00:19:09", "end": "00:19:14", "text": "always have questions about Ivan. What do you think about this onchain that onchain this new signal? Let me see if I"}, {"start": "00:19:14", "end": "00:19:20", "text": "can find but here is here's another example. By the way, big shout out to this guy. I mean I love him but onchain"}, {"start": "00:19:20", "end": "00:19:25", "text": "doesn't work. So he's saying that Coinbase is migrating its wallet. So all of the onchain data is messed up"}, {"start": "00:19:25", "end": "00:19:30", "text": "basically. Okay. is messed up because uh any move you have to make an assumption"}, {"start": "00:19:30", "end": "00:19:37", "text": "what that move is on chain. So Coinbase is migrating a bunch of stuff. All data is that doesn't is not accurate. Way"}, {"start": "00:19:37", "end": "00:19:44", "text": "better instead to look at what the big traders are doing with their money on hyperlquid. Way better. I mean to me"}, {"start": "00:19:44", "end": "00:19:51", "text": "this this simple website here has replaced all of the other you know glass node and everything else that people are"}, {"start": "00:19:51", "end": "00:19:57", "text": "looking and also because it's the only thing that matters the only thing that matters is the price what the price is"}, {"start": "00:19:57", "end": "00:20:05", "text": "doing what the you know nuple nupal pupil ple multiple all of that stuff we looked at in the last cycles they don't"}, {"start": "00:20:05", "end": "00:20:13", "text": "work across cycles because it's always a bit different and also uh it's so much assumptions that uh you cannot base any"}, {"start": "00:20:13", "end": "00:20:21", "text": "any serious trading strategy on them. You cannot base any serious trading strategy. You can look a bit I mean you can see nupal pupil red you know kind of"}, {"start": "00:20:21", "end": "00:20:28", "text": "fear and greed here it's but but see even nupal when you look at net unrealized profit loss okay you don't"}, {"start": "00:20:28", "end": "00:20:37", "text": "know if it's actually profit or loss because you just look at when the coins moved last if you all know this nal let"}, {"start": "00:20:37", "end": "00:20:42", "text": "me confirm in the comment section if you know even what I'm speaking about here but nupal is a famous trading uh"}, {"start": "00:20:42", "end": "00:20:51", "text": "indicator based on onchain where you can kind of see where the top is although it doesn't work but um uh it looks at when"}, {"start": "00:20:51", "end": "00:20:59", "text": "coins move on chain and they assume that if they move then it means that they change hands and then they see okay this"}, {"start": "00:20:59", "end": "00:21:05", "text": "coin moved at this point last time which means that they have so much profit and then kind of aggregate all of the coins"}, {"start": "00:21:05", "end": "00:21:10", "text": "in the world and aggregate their profit based on when they last moved and so"}, {"start": "00:21:10", "end": "00:21:17", "text": "when many coins are in big profit it's a potential top but you never know you know it moved did he really sell? Did he"}, {"start": "00:21:17", "end": "00:21:25", "text": "really take profit? Did he really sell? Like you don't know did he really buy? So just look at facts and facts are the"}, {"start": "00:21:25", "end": "00:21:31", "text": "charts number one. Number two uh the price action. Number three what the"}, {"start": "00:21:31", "end": "00:21:37", "text": "traders are doing. Okay. E very important. So uh big traders uh that and"}, {"start": "00:21:37", "end": "00:21:43", "text": "big not in terms of only size but profitability because there are many dumb big traders also that do big size."}, {"start": "00:21:43", "end": "00:21:50", "text": "Okay. We want profitability. So the profitable ones are bearish or slightly bearish. The other ones who have a bit"}, {"start": "00:21:50", "end": "00:21:56", "text": "of profit uh or loss or loss, they're very bullish. Classic. Those that lost a"}, {"start": "00:21:56", "end": "00:22:01", "text": "million or more wrecked master as we call them, they're very bullish."}, {"start": "00:22:01", "end": "00:22:08", "text": "So at some point, guys, this is going to change. When these big wallets become bullish, it's going to be a big sign."}, {"start": "00:22:08", "end": "00:22:13", "text": "Normally it coincides with some kind of change in in structure. Normally some"}, {"start": "00:22:13", "end": "00:22:20", "text": "kind of change in trend. That's when the profitable traders uh become bullish uh or in this case they become bearish when"}, {"start": "00:22:20", "end": "00:22:27", "text": "we started to break down here. So yeah, check that. And then later today we're going to have the print of the uh of the"}, {"start": "00:22:27", "end": "00:22:34", "text": "ETF inflow inflow outflow. Uh let's check the bubbles. What's happening? Bubbles a bit green today across the"}, {"start": "00:22:34", "end": "00:22:40", "text": "across the altcoin space although not too much. uh one thing that is working"}, {"start": "00:22:40", "end": "00:22:45", "text": "against gravity which should come down s sooner or later is Zcash. So when it"}, {"start": "00:22:45", "end": "00:22:51", "text": "comes to shorting opportunity when this thing goes into bearish trend guys"}, {"start": "00:22:51", "end": "00:22:57", "text": "you see here on the chart there's basically nothing until uh uh 73. And listen I love privacy. I love the the"}, {"start": "00:22:57", "end": "00:23:04", "text": "idea with Zcash. It's great. It's great. But as a trader, if we if we confirm a"}, {"start": "00:23:04", "end": "00:23:11", "text": "bare close here below the flip level and uh actually enter a bare trend, you see"}, {"start": "00:23:11", "end": "00:23:21", "text": "yourself on the chart, there is nothing until 70 and this thing could easily go back here to 70. Just confirm that it"}, {"start": "00:23:21", "end": "00:23:26", "text": "breaks out and yeah, then also continue to upside. So just as a short-term trade, I think this one is quite"}, {"start": "00:23:26", "end": "00:23:34", "text": "interesting in case in case it closes bearish, guys. in case it closes bearish. It's still bullish. Uh but I"}, {"start": "00:23:34", "end": "00:23:40", "text": "also love looking at setups where you have this crazy pump without any"}, {"start": "00:23:40", "end": "00:23:46", "text": "consolidation, without any any real confirmation of the price. It's"}, {"start": "00:23:46", "end": "00:23:52", "text": "just know straight up. When something is straight up, it has no support level on the way down. So keep an eye on that."}, {"start": "00:23:52", "end": "00:23:58", "text": "And by the way, from a macro perspective, it could still be bullish if it goes back to 70, touches this, and"}, {"start": "00:23:58", "end": "00:24:05", "text": "then continue continues up because 70 is the last big big big support it had uh"}, {"start": "00:24:05", "end": "00:24:11", "text": "it has here, which was resistance in the past. So it's crazy how great Zcash has"}, {"start": "00:24:11", "end": "00:24:16", "text": "been doing because even if it goes back to 70 and it bounces from there, it's"}, {"start": "00:24:16", "end": "00:24:22", "text": "still from a big macro perspective very bullish because it's just confirmation that we are we are breaking out from"}, {"start": "00:24:22", "end": "00:24:29", "text": "this uh 70 70 level. So this doesn't change the long-term prospect of Zcash"}, {"start": "00:24:29", "end": "00:24:36", "text": "whatsoever. If we break down here and go back to 70, it can still be bullish. But it is working against the gravity in a"}, {"start": "00:24:36", "end": "00:24:41", "text": "in a big way because Bitcoin is going down. So it's just a question of time before Zcash will do the same. Even if"}, {"start": "00:24:41", "end": "00:24:48", "text": "Zcash is great, is the is the best thing since sliced bread, all of the Bitcoin OGs love it. If Bitcoin enters bare"}, {"start": "00:24:48", "end": "00:24:55", "text": "trend, which it has, and goes down, it cannot pump on its own. It will not have its own bull market where when Bitcoin"}, {"start": "00:24:55", "end": "00:25:02", "text": "goes in bare market for a year, it's not going to be possible. At some point, Gravity will win. For now, uh, Gravity"}, {"start": "00:25:02", "end": "00:25:09", "text": "is is not winning. For now, Zcash is using all of the rocket booster, all of the, uh, all of the engines to defy"}, {"start": "00:25:09", "end": "00:25:16", "text": "gravity. Let's see for how long it can do it. But yeah, you have some targets here that that are an interesting setup."}, {"start": "00:25:16", "end": "00:25:21", "text": "Uh, moving on. I'm moving on."}, {"start": "00:25:21", "end": "00:25:29", "text": "We have a new kind of fear level. Okay, we have a new kind of fear level. People super fearful. very fearful and this"}, {"start": "00:25:29", "end": "00:25:36", "text": "fear level we haven't seen since I mean okay this chart is only since 2023 it doesn't look at the bare markets but"}, {"start": "00:25:36", "end": "00:25:42", "text": "yeah from a sentiment perspective this also points towards the need of some kind of relief rally some kind of dead"}, {"start": "00:25:42", "end": "00:25:48", "text": "cat bounce uh because normally when it's this fearful it's uh yeah it's uh it's"}, {"start": "00:25:48", "end": "00:25:56", "text": "time for something at the same time this fear and greed is not either a good trading cing trading signal uh trading"}, {"start": "00:25:56", "end": "00:26:03", "text": "based on fear and greed is not good. I think even there there was a study done by it done in um on Twitter. I saw"}, {"start": "00:26:03", "end": "00:26:09", "text": "someone looking statistically on fear and greed. If you actually traded it, it's random. I mean, it's random. Yes,"}, {"start": "00:26:09", "end": "00:26:15", "text": "it kind of gives you an idea, but you already know that if you are scared yourself, if you feel that you're"}, {"start": "00:26:15", "end": "00:26:21", "text": "bearish, well, it's fear and other people feel it. So, but to base to base"}, {"start": "00:26:21", "end": "00:26:29", "text": "trading based on on that stuff, it's um it's very hard. look at the price instead. As always, that's that's what"}, {"start": "00:26:29", "end": "00:26:35", "text": "everything boils down to. Basing trading on pure and grid is not a good idea, but it's fun. It gives a bit of context here"}, {"start": "00:26:35", "end": "00:26:44", "text": "and there. Oh, another guy who is looking for who triggered the October 10th 10th crash is Tom Lee. Uh, but he"}, {"start": "00:26:44", "end": "00:26:50", "text": "kind of said what everyone knows already. It was Binance that had the issue with USD USD. Uh basically the"}, {"start": "00:26:50", "end": "00:26:55", "text": "liquidation engine looked at their own order book of this USD stable coin and"}, {"start": "00:26:55", "end": "00:27:01", "text": "this was basically the oracle for the liquidation engine. The or the liquidation engine looked at the prices"}, {"start": "00:27:01", "end": "00:27:08", "text": "quoted in USDE as a way to know whether a position should be liquidated or not. And then"}, {"start": "00:27:08", "end": "00:27:14", "text": "what happened was that this uh pair USD to dollar depegged. So this table can"}, {"start": "00:27:14", "end": "00:27:22", "text": "basically deped. So, a bunch of liquidations happen based on this uh wrong wrong reading of the stable coin"}, {"start": "00:27:22", "end": "00:27:30", "text": "and we in crypto we knew it. Now Tom Lee is speaking about it in um in mainstream media and um now you know he's trying to"}, {"start": "00:27:30", "end": "00:27:36", "text": "figure out who who crashed. He's saying that he knows who crashed and um somehow"}, {"start": "00:27:36", "end": "00:27:42", "text": "people are trying to somehow spin it as bullish that you know we know who crashed so it's behind us now we move"}, {"start": "00:27:42", "end": "00:27:50", "text": "ahead. But I mean the thing is again we knew it even even since this um fake"}, {"start": "00:27:50", "end": "00:27:56", "text": "alltime high that it's not too good. We've been bearish since October 8th since the fake fake alltime high. You"}, {"start": "00:27:56", "end": "00:28:02", "text": "know who caused it this or that person. It's secondary. The truth is Bitcoin did"}, {"start": "00:28:02", "end": "00:28:07", "text": "have a fake alltime high and now we're below the 50 week. So I I don't buy the"}, {"start": "00:28:07", "end": "00:28:12", "text": "the opium that because we know who did it. we have it figured out now we move"}, {"start": "00:28:12", "end": "00:28:18", "text": "forward. Everything is perfect. It's not like that. It's not like that. Instead, the price is the only truth and the"}, {"start": "00:28:18", "end": "00:28:26", "text": "price is still below the 50 week. And yeah, that's that's that. Uh what else, guys? What else? Um"}, {"start": "00:28:26", "end": "00:28:32", "text": "there is a bit of uh uh a bit of news around Vanek."}, {"start": "00:28:32", "end": "00:28:37", "text": "They're saying that Bitcoin needs to be quantum resistant. I by the way agree. We should have quantum resistance as"}, {"start": "00:28:37", "end": "00:28:43", "text": "soon as possible. Listen to this. sort of one of the fundamentals. Now, there's something else going on within the"}, {"start": "00:28:43", "end": "00:28:50", "text": "Bitcoin community that kind of non-crypto people need to know about and that is ultimately VANC has been around"}, {"start": "00:28:50", "end": "00:28:56", "text": "before Bitcoin. We will walk away from Bitcoin if we think the thesis is fundamentally broken. We don't right"}, {"start": "00:28:56", "end": "00:29:02", "text": "now. But you always have to look at the underlying technology and the crypto sorry the Bitcoin community has been"}, {"start": "00:29:02", "end": "00:29:07", "text": "asking itself about is there enough encryption in Bitcoin because quantum"}, {"start": "00:29:07", "end": "00:29:15", "text": "computing is coming and so and then secondly is there enough privacy in Bitcoin and so a lot of Bitcoin OGs or"}, {"start": "00:29:15", "end": "00:29:21", "text": "maxis have been looking at Zcash and Zcash what's that Zcash has is a token it's sort of"}, {"start": "00:29:21", "end": "00:29:27", "text": "related to Bitcoin with a lot more privacy because but you know the kind of garbage that we got about Bitcoin four"}, {"start": "00:29:27", "end": "00:29:33", "text": "years ago is it's like used to for all bad elicit behavior, but now everyone kind of realizes when you move money"}, {"start": "00:29:33", "end": "00:29:39", "text": "around on the bit Bitcoin blockchain, you can see it. You can see it move from one wallet to another. And a lot of"}, {"start": "00:29:39", "end": "00:29:45", "text": "people are looking for more privacy. What's that? What's Bcash?"}, {"start": "00:29:45", "end": "00:29:52", "text": "This is on Thanksgiving Thanksgiving dinner. Let me let me just play again. Coin privacy in Bitcoin. And so a lot of"}, {"start": "00:29:52", "end": "00:29:57", "text": "Bitcoin Bitcoin because quantum computing is coming and so and then"}, {"start": "00:29:57", "end": "00:30:03", "text": "secondly is there enough privacy in Bitcoin and so a lot of Bitcoin OGs or"}, {"start": "00:30:03", "end": "00:30:09", "text": "maxis have been looking at Zcash and Zcash what's that Zcash has is a token"}, {"start": "00:30:09", "end": "00:30:15", "text": "classic classic the the the mainstreams the enormies are learning about Zcash what is that so I mean what what he's"}, {"start": "00:30:15", "end": "00:30:21", "text": "saying here is very true Bitcoin needs quantum resistance as soon as possible that's where the devs should be focusing"}, {"start": "00:30:21", "end": "00:30:27", "text": "They're a bit busy with other stuff with this JPEG uploads and stuff like that, but they should really be focusing on quantum."}, {"start": "00:30:27", "end": "00:30:34", "text": "Agree with that. Uh and then yeah, and then you have a a lot of interest in Zcash mainly due to price pump"}, {"start": "00:30:34", "end": "00:30:39", "text": "and uh the use case of Zcash is fantastic. I mean, I love that we have a"}, {"start": "00:30:39", "end": "00:30:45", "text": "way to have private Bitcoin and there is a decentralized way via near intense to"}, {"start": "00:30:45", "end": "00:30:51", "text": "bridge from ETH, from Salana, from anywhere into Zcash. Brilliant. It's"}, {"start": "00:30:51", "end": "00:30:59", "text": "brilliant. I love it. It's very, very nice. And it's it's nice that we have this uh global acceptance that Zcash is"}, {"start": "00:30:59", "end": "00:31:05", "text": "legit. You have Gemini supporting Zcash and Tyler Winkls and the other Cameron."}, {"start": "00:31:05", "end": "00:31:11", "text": "They're super super pro Zcash. Uh you have Gayscale having the trust, their"}, {"start": "00:31:11", "end": "00:31:18", "text": "their uh accumulation vehicle for um basically their vehicle that you can invest in as a stock market investor to"}, {"start": "00:31:18", "end": "00:31:24", "text": "buy Zcash. So all of this is good because it means that if you have Zcash and you want to on on ramp off ramp in"}, {"start": "00:31:24", "end": "00:31:29", "text": "the future, it's not shady. It's not that you're some kind of shady person"}, {"start": "00:31:29", "end": "00:31:35", "text": "here and there using some kind of coin that is rejected by the entire ecosystem"}, {"start": "00:31:35", "end": "00:31:41", "text": "as private because it's only for crime and this and that. And uh while we in crypto know while we in crypto know for"}, {"start": "00:31:41", "end": "00:31:47", "text": "sure that all of this crime labels is just for gazi still if you want to offramp and off-ramp on ramp offramp you"}, {"start": "00:31:47", "end": "00:31:53", "text": "need some kind of way to do it. So on-ramp easy via stable coin via other"}, {"start": "00:31:53", "end": "00:32:00", "text": "stuff decentralized and even off-ramp via Gemini which is in New York and everything is um is figured out. So from"}, {"start": "00:32:00", "end": "00:32:06", "text": "that perspective is great but still looking at the price if we remove the use case we look at the price there's"}, {"start": "00:32:06", "end": "00:32:12", "text": "I'm just telling you there's no support here so in case it goes bearish very very interesting short and then we can"}, {"start": "00:32:12", "end": "00:32:19", "text": "still bounce here be super bullish on the micro still and continue the the rocket guys let's go to Q&A questions"}, {"start": "00:32:19", "end": "00:32:24", "text": "answers debates discussions let's go"}, {"start": "00:32:24", "end": "00:32:30", "text": "take a bit of water keeping the hydration up big shout out to dab for"}, {"start": "00:32:30", "end": "00:32:37", "text": "time stamping number one. Number one, big shout out to all of you who are watching. Thanks a lot. Uh really, really fantastic to have all of you guys"}, {"start": "00:32:37", "end": "00:32:43", "text": "here with the questions, with opinions. Let's smash it up to 4K likes and let's"}, {"start": "00:32:43", "end": "00:32:47", "text": "go together."}, {"start": "00:32:49", "end": "00:32:53", "text": "Let's go together."}, {"start": "00:32:58", "end": "00:33:04", "text": "Today, a Bitcoin address is not known by anyone until you send the money out of it."}, {"start": "00:33:04", "end": "00:33:11", "text": "So, the Bitcoin address is known. The public key is not known until you send"}, {"start": "00:33:11", "end": "00:33:16", "text": "the money out of it. That's true. So that's where that's why"}, {"start": "00:33:16", "end": "00:33:23", "text": "if it is the case that's why there's a whole discussion that Satoshi and by the way another thing is that this system"}, {"start": "00:33:23", "end": "00:33:28", "text": "with uh address being known public key not known this system it's it wasn't"}, {"start": "00:33:28", "end": "00:33:34", "text": "there from the beginning so I believe a lot of Satoshi coins are not protected"}, {"start": "00:33:34", "end": "00:33:40", "text": "in this matter where the public key is not known the Satoshi coins therefore"}, {"start": "00:33:40", "end": "00:33:45", "text": "may have to be forked into another address or something like that. It's one"}, {"start": "00:33:45", "end": "00:33:53", "text": "of the it's one of the big problems with making Bitcoin quantum resistant. What to do with Satoshi coins? Because uh"}, {"start": "00:33:53", "end": "00:33:58", "text": "when it was Satoshi era, you knew the public key. You knew you knew the public"}, {"start": "00:33:58", "end": "00:34:06", "text": "key of um uh of yeah of any account. So that's number one. U and then yeah, the"}, {"start": "00:34:06", "end": "00:34:12", "text": "wallets in most cases when you send your Bitcoin, they do shuffle your coins around so that you basically get a new"}, {"start": "00:34:12", "end": "00:34:20", "text": "UTX. So under the hood so that um so that yeah when you spend it it's uh"}, {"start": "00:34:20", "end": "00:34:26", "text": "it's a new UTXO. So most wallets do take care of that. Uh but still the uh the"}, {"start": "00:34:26", "end": "00:34:32", "text": "problem is mainly the Satoshi coins. Are they going to do that? But also the the big issue is that there is not a lot of"}, {"start": "00:34:32", "end": "00:34:38", "text": "um activity. I don't like that there's not a lot of activity in Bitcoin to fix the quantum. That should be a big"}, {"start": "00:34:38", "end": "00:34:46", "text": "concern, a massive concern and everyone should be focusing on. But um I don't see that. So there should be urgency"}, {"start": "00:34:46", "end": "00:34:53", "text": "urgency. The devs should be deving quantum quantum and and focusing on that. So yeah, let's see when that's"}, {"start": "00:34:53", "end": "00:34:59", "text": "going to happen. Some people are saying, \"Oh, but you know, Bitcoin, it's no worry. Don't"}, {"start": "00:34:59", "end": "00:35:05", "text": "worry about quantum because everything else is also going to get wrecked. All of the other public private key"}, {"start": "00:35:05", "end": "00:35:10", "text": "cryptography going to get wrecked.\" And it's true, but at the same time, I want the Bitcoin secure. I mean why compare"}, {"start": "00:35:10", "end": "00:35:16", "text": "yourself to retardo when u you can fix your your thing to not be retardo. So I"}, {"start": "00:35:16", "end": "00:35:22", "text": "don't like that argument sometimes and maybe I've used it myself in the past also when someone asks about bitcoin"}, {"start": "00:35:22", "end": "00:35:27", "text": "quantum but in the past you know five years ago quantum was further away I mean now the way AI is developing"}, {"start": "00:35:27", "end": "00:35:33", "text": "quantum developing like it can be within the coming 10 years which is not a long time like to get the network upgraded"}, {"start": "00:35:33", "end": "00:35:39", "text": "and everything you you really need to focus focus now already. So when it"}, {"start": "00:35:39", "end": "00:35:45", "text": "comes to quantum should be a key priority. The argument that oh don't worry because banks are also going to"}, {"start": "00:35:45", "end": "00:35:52", "text": "get wrecked. Well no [ __ ] but bitcoin should be better like why compare yourself to uh to to retardo? Uh bitcoin"}, {"start": "00:35:52", "end": "00:35:58", "text": "should survive anything survive everything. Uh so I don't like that argument when someone is saying that."}, {"start": "00:35:58", "end": "00:36:02", "text": "Anyway, hope it makes sense."}, {"start": "00:36:03", "end": "00:36:09", "text": "[Music] Ivan, is it time to focus on stocks?"}, {"start": "00:36:09", "end": "00:36:16", "text": "Well, I mean, many stocks are doing better than Bitcoin. So, that's why we have added now uh 3,000 stocks to the uh"}, {"start": "00:36:16", "end": "00:36:21", "text": "money scanner. This is for everyone who is in Bulmania. And if you're not in Bulmania, then the first step for you to"}, {"start": "00:36:21", "end": "00:36:28", "text": "join is to watch this free training below uh about the mechanical rules because this is the understanding you"}, {"start": "00:36:28", "end": "00:36:33", "text": "need to have before you get any of our tools, including money line or money scanner. If you have the tools, you have no knowledge. is, you know, it's like"}, {"start": "00:36:33", "end": "00:36:39", "text": "you're running around with, you know, with a hammer. You try to build a house like you don't know what"}, {"start": "00:36:39", "end": "00:36:47", "text": "to do. You have a tool, you don't have the knowledge. But anyway, yes, when it comes to stons, a lot of them do insanely well, Bitcoin"}, {"start": "00:36:47", "end": "00:36:53", "text": "is not doing too well. So, there is no reason to only be crypto because stons"}, {"start": "00:36:53", "end": "00:36:59", "text": "or or all coins, it's just charts, man. It's just charts. You know, the classic um we've been um the classic ones we've"}, {"start": "00:36:59", "end": "00:37:04", "text": "been showing. Oh, by the way, look here. Micro Strategy will open a bit higher."}, {"start": "00:37:04", "end": "00:37:11", "text": "That's something. But you know the classic ones we've been showing. Look at freaking Caterpillar. Caterpillar. Have"}, {"start": "00:37:11", "end": "00:37:17", "text": "your altcoin done something like this because Caterpillar has done something like this. Look at SanDisk. You like SD"}, {"start": "00:37:17", "end": "00:37:23", "text": "card? Well, Sandis can give you SD card and they also freaking did like a 10x or something."}, {"start": "00:37:23", "end": "00:37:29", "text": "What happened to the Let's see. Is Beyond Meat still still uh pumping or it"}, {"start": "00:37:29", "end": "00:37:35", "text": "beyond meat? Maybe it already dumped to zero. Yeah, it's already back to zero. But you see"}, {"start": "00:37:35", "end": "00:37:44", "text": "the volatility in this stuff sometimes a scam wick like a crazy man be on me."}, {"start": "00:37:44", "end": "00:37:51", "text": "This is like your old coin. It went listen it went from like 0.5 to almost eight."}, {"start": "00:37:51", "end": "00:37:56", "text": "So on the daily like 4 hour this chart is crazy on the weekly just a freaking"}, {"start": "00:37:56", "end": "00:38:02", "text": "week. Um, so that's why from a tech perspective, we are adding a lot of them. A lot of them. Here's by the way"}, {"start": "00:38:02", "end": "00:38:09", "text": "the Caterpillar and everything else. And also stocks in general, they become more"}, {"start": "00:38:09", "end": "00:38:15", "text": "and more like old coins. Like a lot of them are trading like alts. They're super volatile. Look at even Nvidia,"}, {"start": "00:38:15", "end": "00:38:22", "text": "man. Nvidia, the biggest company in the world right now. 4.35 trillion. The volatility in it. Holy crap. Your"}, {"start": "00:38:22", "end": "00:38:28", "text": "altcoin wishes for this volatility. Okay. your altcoin wishes for this for this gain also but for the volatility"}, {"start": "00:38:28", "end": "00:38:36", "text": "also I mean since here since this low it went up how much 140% like within a year"}, {"start": "00:38:36", "end": "00:38:41", "text": "so this is why personally when you have Bitcoin and crypto in a bit of a a"}, {"start": "00:38:41", "end": "00:38:47", "text": "boring state uh looking at other assets it does make sense because they have volatility we as traders we trade"}, {"start": "00:38:47", "end": "00:38:52", "text": "volatility as long as it's trending we just need a trend man we just need a trend I mean here as long as it's a"}, {"start": "00:38:52", "end": "00:38:58", "text": "trend it's very nice We need trends. We need something that is trending. It can trend up or down. That's why Bitcoin"}, {"start": "00:38:58", "end": "00:39:04", "text": "when it's trending down, you can short. When Zcash goes into bare, you can short, but we just need it to move."}, {"start": "00:39:04", "end": "00:39:09", "text": "Okay? We need it to move. What's not good for a trader is just sideways. That's not good for a trader because"}, {"start": "00:39:09", "end": "00:39:16", "text": "then you just get stopped out. You get whether you're bullish or bearish, you're going to be stopped out in a chop chop chop chop. So yeah, in general, I"}, {"start": "00:39:16", "end": "00:39:24", "text": "feel that stocks are u are a way to make a lot of money while crypto is figuring"}, {"start": "00:39:24", "end": "00:39:29", "text": "out what all it wants. While you and also here's another thing. If you have"}, {"start": "00:39:29", "end": "00:39:37", "text": "volatility in the sts, it's basically like all coins but without the scam"}, {"start": "00:39:37", "end": "00:39:42", "text": "aspect where you know the you have so many scams. I mean all it's uh"}, {"start": "00:39:42", "end": "00:39:49", "text": "team exit scam team kind of soft exit. There's so many ways that the team exit scams on you. At least you don't have"}, {"start": "00:39:49", "end": "00:39:56", "text": "that. At least they're going to go to jail in this case. But the volatility is there and trending is there. In a bare"}, {"start": "00:39:56", "end": "00:40:02", "text": "market this equation makes sense to me. In bull market is different because in bull market where you have all coins"}, {"start": "00:40:02", "end": "00:40:08", "text": "doing way more than stocks. It's very very different. But in bare and in a bit of this you know sideways is it bare?"}, {"start": "00:40:08", "end": "00:40:15", "text": "Maybe not. Maybe yes, maybe. Maybe yes, but maybe not. But maybe yes. Listen, it's you don't have to be only crypto."}, {"start": "00:40:15", "end": "00:40:21", "text": "Just be agnostic. With mechanical rules, you can be really agnostic. You don't care. As long as it's a freaking chart."}, {"start": "00:40:21", "end": "00:40:28", "text": "We need charts. We need charts and we need them to trend and we catch the trend early on. We write the trends."}, {"start": "00:40:28", "end": "00:40:35", "text": "Very important. And uh yeah, when it comes to stocks, it's uh it is an"}, {"start": "00:40:35", "end": "00:40:41", "text": "interesting alternative. Uh, and um, it really removes your dependence on the"}, {"start": "00:40:41", "end": "00:40:46", "text": "cycle, which is important. And yeah, if you're sideways, the only thing that makes sense in a sideways"}, {"start": "00:40:46", "end": "00:40:53", "text": "market is the Pionex. Exactly. You can use the link below to get the signup bonus. But in Pioneex, you have the bot and it can harvest the volatility that"}, {"start": "00:40:53", "end": "00:40:59", "text": "is that is in the sideways moves. Exactly. That's why we use it. So, I hope that makes sense. One thing"}, {"start": "00:40:59", "end": "00:41:05", "text": "though, we have to fix the website a bit because we now added 3,000 stocks. We need to make the website a bit faster."}, {"start": "00:41:05", "end": "00:41:12", "text": "Um, but yeah, that's that's how that is with the with the stocks."}, {"start": "00:41:12", "end": "00:41:18", "text": "Stocks are the same. I traded penny stocks and they have the exact same exit scams. Yeah, they they they may still"}, {"start": "00:41:18", "end": "00:41:23", "text": "have it, but the risk is way lower. I mean, in crypto you have I mean, just"}, {"start": "00:41:23", "end": "00:41:29", "text": "look at freaking Pulse or whatever. Crypto is on another level, but of course in penny stocks, you're going to"}, {"start": "00:41:29", "end": "00:41:36", "text": "have the same. You're gonna have the same, but it's a different kind of thing."}, {"start": "00:41:36", "end": "00:41:42", "text": "And uh you likely will not have a rugpull."}, {"start": "00:41:42", "end": "00:41:48", "text": "Uh but if something is in bare trend, you're out. You're out anyway. But the main thing is to avoid the the the"}, {"start": "00:41:48", "end": "00:41:53", "text": "rugpull. You buy something and it goes to went to zero. It goes to zero. The"}, {"start": "00:41:53", "end": "00:41:59", "text": "market cap. Oh man, we have to watch it. It went to zero."}, {"start": "00:41:59", "end": "00:42:06", "text": "But yeah, the the you no one will protect you against a big fat bare trend. Oh, that's true. You only you"}, {"start": "00:42:06", "end": "00:42:11", "text": "strategy if you have the tool like the money line then you can see it. But yeah, otherwise"}, {"start": "00:42:11", "end": "00:42:19", "text": "uh it's going to happen in stocks also. Let let me see if this is the one. One second. One second."}, {"start": "00:42:21", "end": "00:42:29", "text": "Yes. Wait. How you doing? Yes. Yes. Yes. Here."}, {"start": "00:42:29", "end": "00:42:35", "text": "Let's see. cap is 2.168 trillion"}, {"start": "00:42:35", "end": "00:42:43", "text": "dollars and now the mark oh it went to zero"}, {"start": "00:42:44", "end": "00:42:49", "text": "cap is but actually this was this was this cycle right it was this cycle I"}, {"start": "00:42:49", "end": "00:42:55", "text": "already forgot it was so long time ago but it was this cycle the market cap is $2.57"}, {"start": "00:42:55", "end": "00:43:02", "text": "trillion dollar it went zero classic classic and it was"}, {"start": "00:43:02", "end": "00:43:09", "text": "this cycle I already forgot I already forgot so when people say that oh this cycle didn't have any any craziness"}, {"start": "00:43:09", "end": "00:43:15", "text": "didn't have any euphoria I mean we did have a lot of dumb [ __ ] guys we we did have a lot of stuff we did have a lot of"}, {"start": "00:43:15", "end": "00:43:22", "text": "stuff obviously not the same as in 2017 with you know the whole world your uncle your brother-in-law everyone trading"}, {"start": "00:43:22", "end": "00:43:27", "text": "IOTA and stuff but we did have all kinds of crazy [ __ ]"}, {"start": "00:43:30", "end": "00:43:36", "text": "Hey, wait until we play it again. I need to find a Let me find a better quality of"}, {"start": "00:43:36", "end": "00:43:41", "text": "this. It went to zero."}, {"start": "00:43:46", "end": "00:43:52", "text": "Let's see. Squid. Squid. The squid game coin."}, {"start": "00:43:54", "end": "00:43:57", "text": "Where's the video?"}, {"start": "00:43:59", "end": "00:44:04", "text": "Squid Game Rag"}, {"start": "00:44:08", "end": "00:44:14", "text": "on Twitter. I can't find what the hell. Anyway,"}, {"start": "00:44:17", "end": "00:44:23", "text": "I think Trumpcoin getting to 90 billion markup was mining. Yeah, that's true. Exactly. Exactly. So I think sentiment"}, {"start": "00:44:23", "end": "00:44:30", "text": "and mania wise we topped out in with Trump. Exactly. And don't forget Melania. Melania did the coin. No one"}, {"start": "00:44:30", "end": "00:44:37", "text": "talks about that. But um Melania did the coin. It went to zero."}, {"start": "00:44:38", "end": "00:44:44", "text": "I mean will you play 100k song again if we dead cat bounce? Of course. Of course. We're going to celebrate it."}, {"start": "00:44:44", "end": "00:44:49", "text": "We're going to be praying together that the dead cat bounces new bull market that it's we're going to go to alltime"}, {"start": "00:44:49", "end": "00:44:55", "text": "high. We're going to be praying. We're going to be playing the song, of course,"}, {"start": "00:45:00", "end": "00:45:07", "text": "but it was in the beginning of the year, spring, supposed to be in November. Yeah. But you know, last bull market was"}, {"start": "00:45:07", "end": "00:45:14", "text": "kind of the same. It was kind of the same. You had two peaks."}, {"start": "00:45:14", "end": "00:45:20", "text": "This peak right here, when you look at all of the indicators like RSI and everything, let's let's actually check"}, {"start": "00:45:20", "end": "00:45:24", "text": "it. Let's let's check like RSI."}, {"start": "00:45:25", "end": "00:45:34", "text": "Yeah, I mean just one example, but you see this peak here. It was the highest RSR RSI. Here's where it was all kind of"}, {"start": "00:45:34", "end": "00:45:40", "text": "mania this and that. Then we had massive dump to the 50 week"}, {"start": "00:45:40", "end": "00:45:45", "text": "and then we returned. And so here this peak it was technically"}, {"start": "00:45:45", "end": "00:45:53", "text": "new alltime high but RSI and other indicators did not flash as high. probably the sentiment also indicator"}, {"start": "00:45:53", "end": "00:46:00", "text": "indicators. So kind of the same here you know RSI was crazy here. I mean we had a lot of momentum a lot of momentum here."}, {"start": "00:46:00", "end": "00:46:05", "text": "Crazy momentum to the upside and then here wasn't really like that"}, {"start": "00:46:05", "end": "00:46:12", "text": "straight down. So it was kind of the same last cycle also uh from a sentiment"}, {"start": "00:46:12", "end": "00:46:17", "text": "technical indicator point of view."}, {"start": "00:46:20", "end": "00:46:26", "text": "Are you impressed? Like I am at XRP holding up. Let's see XRP."}, {"start": "00:46:26", "end": "00:46:35", "text": "Well, yeah. I mean XRP overall still holding this uh range here. Oh, guys."}, {"start": "00:46:35", "end": "00:46:43", "text": "Holy crap, guys. Thanks for pointing this out because this thing has also no support until Let"}, {"start": "00:46:43", "end": "00:46:49", "text": "me Guys, this thing has also no support"}, {"start": "00:46:49", "end": "00:46:54", "text": "basically until Yeah, since the bear trend started, this was a"}, {"start": "00:46:54", "end": "00:47:00", "text": "pretty interesting signal to for a potential short here. Still not"}, {"start": "00:47:00", "end": "00:47:07", "text": "too late. And yeah, with risk management, it can still go up, but uh yeah, I mean, just pushing it out here."}, {"start": "00:47:07", "end": "00:47:12", "text": "There is basically no support this whole this whole thing all the way down. Yeah,"}, {"start": "00:47:12", "end": "00:47:18", "text": "keep an eye on that. But yeah. Oh yeah, I understand what you mean here. It's been holding kind of at"}, {"start": "00:47:18", "end": "00:47:24", "text": "this level. Still kind of okay, but below the 50 week uh bearish on the"}, {"start": "00:47:24", "end": "00:47:30", "text": "money line. Still holding a bit this this levels here. But it has no support"}, {"start": "00:47:30", "end": "00:47:33", "text": "all the way here."}, {"start": "00:47:36", "end": "00:47:43", "text": "But banks are going to use classic banks are going to use it."}, {"start": "00:47:43", "end": "00:47:49", "text": "Do they believe it still within XRP that banks are going to use it because now there are stable coins banks are doing"}, {"start": "00:47:49", "end": "00:47:56", "text": "their own chains like Robin Hood and Stripe. So are they still in the delusion"}, {"start": "00:47:56", "end": "00:48:02", "text": "someone's going to use them or they're understanding the facts?"}, {"start": "00:48:02", "end": "00:48:09", "text": "It went to zero. Exactly. Let's see. Is ETH dead?"}, {"start": "00:48:09", "end": "00:48:17", "text": "ETH. It's a bit like Bit. It's the same analysis as as Bitcoin is bare on weekly is below 50 week"}, {"start": "00:48:17", "end": "00:48:24", "text": "maybe it's going to have a bit of support here because there's a bit of confluence here at 2.5. So kind of went"}, {"start": "00:48:24", "end": "00:48:29", "text": "back I would say it's exactly the same as Bitcoin. It it should have some kind of"}, {"start": "00:48:29", "end": "00:48:33", "text": "rally back to the 50."}, {"start": "00:48:36", "end": "00:48:42", "text": "I remember people saying it's going to go to is like 5.5 or whatever but"}, {"start": "00:48:42", "end": "00:48:48", "text": "here was the fake alltime high and then boop boop and yeah very important to see"}, {"start": "00:48:48", "end": "00:48:56", "text": "to see it for what it is I think it will still have some kind of dead cat maybe to this 50 week"}, {"start": "00:48:58", "end": "00:49:04", "text": "is it dead it's going to come back I mean at some point it's going to come back next year I think it's going to come back"}, {"start": "00:49:04", "end": "00:49:10", "text": "the same thing bare trend below 50 week"}, {"start": "00:49:10", "end": "00:49:16", "text": "maybe going to go back and revisit 50. So all of them are in bearish and that's"}, {"start": "00:49:16", "end": "00:49:21", "text": "why we don't look too much on alts. We only look at like Zcash or something else that is that is that is strong"}, {"start": "00:49:21", "end": "00:49:27", "text": "because it's the same analysis in all alts. They're bearish. They're below 50 week. They may get a death cut bounce"}, {"start": "00:49:27", "end": "00:49:34", "text": "and that's it. You can apply this to to anything. And then some altcoins are especially interesting from a shorting"}, {"start": "00:49:34", "end": "00:49:39", "text": "scenario if they have a massive massive um pump. if they had a massive pump"}, {"start": "00:49:39", "end": "00:49:46", "text": "without any support like with Zcash we we we highlighted and also XRP also"}, {"start": "00:49:46", "end": "00:49:51", "text": "interesting because there's no support. So if you can find more of them, those"}, {"start": "00:49:51", "end": "00:49:57", "text": "are interesting u especially interesting from a short perspective. And then of course whenever there is a bare trend"}, {"start": "00:49:57", "end": "00:50:04", "text": "it's also a short signal but uh there are different grades to it. The best grade the finest grade is when there is"}, {"start": "00:50:04", "end": "00:50:11", "text": "no support. you just got some artificial pump or a lot of these pumps"}, {"start": "00:50:11", "end": "00:50:18", "text": "I I don't want to say they're they're fake but they are kind of started by market makers to then draw in the public"}, {"start": "00:50:18", "end": "00:50:24", "text": "and then they try to huddle the price at at that higher level. uh and there's nothing I don't want to say it's like"}, {"start": "00:50:24", "end": "00:50:30", "text": "super uncommon it's very common it's very common to have the initial ignition to be to be market maker painting the"}, {"start": "00:50:30", "end": "00:50:37", "text": "chart once they feel that they have accumulated enough coins but it also means that uh once they have done their"}, {"start": "00:50:37", "end": "00:50:43", "text": "job because their job is not to keep up the chart forever their job is to you know start the trend then retail for"}, {"start": "00:50:43", "end": "00:50:49", "text": "almost bum bum bum bum bum bum and then it kind of continues on its own but when it fizzles out that's the opportunity"}, {"start": "00:50:49", "end": "00:50:55", "text": "that's the opportunity okay that's a big opportunity See uh check tone. Let's see. Tone. Tone."}, {"start": "00:50:55", "end": "00:51:02", "text": "Tone. Oh, guys. Very bad. Very bad."}, {"start": "00:51:02", "end": "00:51:11", "text": "I mean, from a short perspective, this was fantastic. Oh, holy crap. It was short. Was bar"}, {"start": "00:51:11", "end": "00:51:18", "text": "here. This is why you you don't fade the money. When it's bear is a bear. I mean, so"}, {"start": "00:51:18", "end": "00:51:23", "text": "holy crap. Very bad chart. Horrible."}, {"start": "00:51:23", "end": "00:51:29", "text": "I mean, someone is selling here like there's no tomorrow. Someone is selling off here like there's no tomorrow."}, {"start": "00:51:29", "end": "00:51:36", "text": "They're dumping the crap out of this chart. You can even say the bare trend started here in August 2024 because yes,"}, {"start": "00:51:36", "end": "00:51:41", "text": "we did kind of trigger a u short bull trend, but it was yeah, it fizzled out"}, {"start": "00:51:41", "end": "00:51:47", "text": "very quickly. So, you can say here was the bare trend start. And yeah, with with the mechanical"}, {"start": "00:51:47", "end": "00:51:54", "text": "rules, we have a protection against this. That's why you should watch the uh watch this use the link below. Bum bum."}, {"start": "00:51:54", "end": "00:51:59", "text": "Watch this. This is an example where money line is a tool but then how you use it you need the mechanical rules. So"}, {"start": "00:51:59", "end": "00:52:05", "text": "with the mechanical rules there is an exact procedure how to act on bullsh"}, {"start": "00:52:05", "end": "00:52:11", "text": "uh you're not faked out like this. Uh but you see here yeah someone has been"}, {"start": "00:52:11", "end": "00:52:16", "text": "selling like a mfer like a big fat mfer"}, {"start": "00:52:16", "end": "00:52:22", "text": "and yeah straight down is it alltime low not really still yeah still has lower to"}, {"start": "00:52:22", "end": "00:52:30", "text": "go here test this maybe it's going to test this support holy crap guys very bad very bad I'm"}, {"start": "00:52:30", "end": "00:52:36", "text": "sorry for you if you have it uh and you know believe it"}, {"start": "00:52:36", "end": "00:52:42", "text": "very that you you you don't hold stuff in bar chron like this."}, {"start": "00:52:42", "end": "00:52:50", "text": "Holy crap. I you lend stables or you just hold with no I I don't listen I don't have I don't"}, {"start": "00:52:50", "end": "00:52:58", "text": "like lending. I don't like um giving them into I don't I don't want extra risk. I it's why I want"}, {"start": "00:52:58", "end": "00:53:04", "text": "Oh no. I need you I need extra percent. I need 3% per year."}, {"start": "00:53:08", "end": "00:53:15", "text": "It's picking up pennies in front of freight train. So it's yeah keep a distance to to"}, {"start": "00:53:15", "end": "00:53:21", "text": "stuff. The only thing that would make sense is potentially a you can go to aa but also I don't I don't want to follow"}, {"start": "00:53:21", "end": "00:53:28", "text": "it all the time. Maybe it's working maybe not working. It has been working throughout all of the bearer cycles. So"}, {"start": "00:53:28", "end": "00:53:35", "text": "since it beginning so I I guess it's safe but at the same time it's uh it's it's another layer. It's another layer I"}, {"start": "00:53:35", "end": "00:53:38", "text": "keep it simple."}, {"start": "00:53:45", "end": "00:53:51", "text": "Hey I haven't had some thoughts on real estate. What about this idea? I own rental apartments and the passive income"}, {"start": "00:53:51", "end": "00:53:57", "text": "basically makes me financially independent which makes me more risk tolerant. I don't like it. I don't like"}, {"start": "00:53:57", "end": "00:54:02", "text": "it. I don't like it because it's rental"}, {"start": "00:54:02", "end": "00:54:08", "text": "apartment, meaning that uh you have a lot of people with opinions on what the"}, {"start": "00:54:08", "end": "00:54:14", "text": "hell you do. Obviously, depends on jurisdiction, depends on country, but you have um city council. Look at New"}, {"start": "00:54:14", "end": "00:54:22", "text": "York. Look at New York. New mayor is going to change a lot of rules for for your rental apartment if you have."}, {"start": "00:54:22", "end": "00:54:29", "text": "That's number one. Number two, you have people living there. It's, you know, you have to interface with humans. I I don't"}, {"start": "00:54:29", "end": "00:54:35", "text": "like that. I don't like interfacing with like render someone who lives of, of course, you can"}, {"start": "00:54:35", "end": "00:54:41", "text": "have some company that uh removes you, but I don't I I don't want anyone"}, {"start": "00:54:41", "end": "00:54:48", "text": "calling me any time. I'm always don't disturb. You cannot reach me."}, {"start": "00:54:48", "end": "00:54:54", "text": "Uh I don't want anyone writing to me. Okay."}, {"start": "00:54:54", "end": "00:55:00", "text": "It's at unannounced hours. So, and believe me, I know it because it all"}, {"start": "00:55:00", "end": "00:55:05", "text": "depends on who you are as a person. Maybe you love it. You love chatting about the broken dishwasher. Okay. I had"}, {"start": "00:55:05", "end": "00:55:12", "text": "I mean I had like five uh premium premium properties in a few years back"}, {"start": "00:55:12", "end": "00:55:18", "text": "in Sweden. It was very bad. Uh this was very bad."}, {"start": "00:55:18", "end": "00:55:24", "text": "I don't I didn't like it because of Yeah. I mean all all kinds of stuff like it gave me more headache"}, {"start": "00:55:24", "end": "00:55:30", "text": "than uh than benefit into my life. So when I have more headache than benefit"}, {"start": "00:55:30", "end": "00:55:37", "text": "it's not good. Also uh property the stock market goes up more. I mean"}, {"start": "00:55:37", "end": "00:55:42", "text": "it's uh and you have more freedom. Okay let's say you have rental properties you"}, {"start": "00:55:42", "end": "00:55:47", "text": "want to move. Uh government has another tax. They have a great tax for you. They"}, {"start": "00:55:47", "end": "00:55:52", "text": "always have a new great tax. Now you want to move. Good luck selling it. It's"}, {"start": "00:55:52", "end": "00:55:59", "text": "going to take long time and you want to sell it quickly. You have to sell it at a loss or Yeah. So to sell it at a good price, you need a lot of time. You need"}, {"start": "00:55:59", "end": "00:56:07", "text": "patience. So yeah. Uh not for me. If you like it, great. Uh I don't like it. I don't like"}, {"start": "00:56:07", "end": "00:56:13", "text": "any like again city council some kind of politician that never worked a day in their life make rules about what I do"}, {"start": "00:56:13", "end": "00:56:22", "text": "with my stuff. Get out of here. Get out of here. Uh, some renter, he has opinion, he has"}, {"start": "00:56:22", "end": "00:56:28", "text": "complaint. Get out of here. Get out of here. Get out of here. I don't want any of that."}, {"start": "00:56:28", "end": "00:56:34", "text": "Uh, you could potentially do it with a management firm, but then your"}, {"start": "00:56:34", "end": "00:56:43", "text": "why I mean your your margin decreases. Uh, all of the upkeep"}, {"start": "00:56:43", "end": "00:56:49", "text": "does that. it. It's not for me. Some people love it. I"}, {"start": "00:56:49", "end": "00:56:54", "text": "had to try it. I also thought, \"Oh, let me be real estate. I'm going to be a real estate guy. I'm going to be real"}, {"start": "00:56:54", "end": "00:57:04", "text": "estate guy.\" Okay. But then you discover about yourself what you like. Okay. I like calm and peace and yeah, it's it's"}, {"start": "00:57:04", "end": "00:57:10", "text": "better to have crypto songs and other stuff that I like freedom also"}, {"start": "00:57:10", "end": "00:57:16", "text": "that you can that number one they go up the most anyway. Uh number two, you can"}, {"start": "00:57:16", "end": "00:57:24", "text": "move anywhere. Number three, they don't have a some freaking dude living there following you."}, {"start": "00:57:24", "end": "00:57:30", "text": "That's it. That's it. That's it."}, {"start": "00:57:34", "end": "00:57:40", "text": "Also, you know, you have to I mean, some people like it. Some people"}, {"start": "00:57:40", "end": "00:57:46", "text": "like it. Go there. Check out loc like some guys. Location, location. Man, I couldn't give"}, {"start": "00:57:46", "end": "00:57:53", "text": "a f location. If you're interested in in that, great. But, you know, do research"}, {"start": "00:57:53", "end": "00:57:59", "text": "location. There is a I mean there is money to be made for sure. For sure there is money"}, {"start": "00:57:59", "end": "00:58:06", "text": "to be made where there is mispricing where there is you can get a nice cheap deal for good value. There there is"}, {"start": "00:58:06", "end": "00:58:13", "text": "there is there is money to be made. There is money to be made for sure. But man you can just buy some ston or"}, {"start": "00:58:13", "end": "00:58:20", "text": "whatever that is in a new bull trend. You're going to make more. You're going to make more. But you know take your car"}, {"start": "00:58:20", "end": "00:58:25", "text": "see location. And if you buy the no-brainer location,"}, {"start": "00:58:25", "end": "00:58:30", "text": "then you have a low yield because no, you know, this no-brainer location, you know, just great location, you have"}, {"start": "00:58:30", "end": "00:58:37", "text": "you're gonna have very low yield. It's already expensive. People, you know, you're not the only one that likes it."}, {"start": "00:58:37", "end": "00:58:42", "text": "Then you're going to have low yield. It's better to have uh you can even put it in a freaking stable coin. A will"}, {"start": "00:58:42", "end": "00:58:47", "text": "have more yield. If you if you buy this, you know, no-brainer, great locations"}, {"start": "00:58:47", "end": "00:58:55", "text": "and to yeah, to find great deals with mispricing, you need put time, effort,"}, {"start": "00:58:55", "end": "00:59:02", "text": "drive around, check so you don't buy in some uh dead uh place. Uh yeah, I mean,"}, {"start": "00:59:02", "end": "00:59:08", "text": "if you like it, great. It's not for me. It's not for me. It's not for me. And then always, let's"}, {"start": "00:59:08", "end": "00:59:13", "text": "say you build a portfolio of real estate. I wouldn't feel at ease, man. I wouldn't feel at ease. The government"}, {"start": "00:59:13", "end": "00:59:19", "text": "does not like you, they take it all from you. That's it. With crypto, you have self custody. Real estate, no self"}, {"start": "00:59:19", "end": "00:59:26", "text": "custody. Uh, imagine, okay, have an example. Imagine like Andrew Tate. Imagine he had"}, {"start": "00:59:26", "end": "00:59:33", "text": "all of his net worth in like UK real estate. He would not have it anymore."}, {"start": "00:59:34", "end": "00:59:44", "text": "The government does not like they do whatever they want. They So yeah, that's that. Also,"}, {"start": "00:59:45", "end": "00:59:53", "text": "you have more and more trends towards socialism. So, New York is a good example. So, you as a landlord, you're"}, {"start": "00:59:53", "end": "01:00:00", "text": "not a popular guy in town. You're going to be used like a political football."}, {"start": "01:00:00", "end": "01:00:05", "text": "It's so easy to become mayor. Look at the mamani. To say that, hey, we're going to come after this landlords,"}, {"start": "01:00:05", "end": "01:00:12", "text": "freaking rich guys. They think they they think they're going to make money here, huh? from our honest citizens."}, {"start": "01:00:12", "end": "01:00:20", "text": "You are robbing honest citizens of your great city by having very expensive"}, {"start": "01:00:20", "end": "01:00:26", "text": "rentals. You are a parasite. And that's what they're going to say about you."}, {"start": "01:00:26", "end": "01:00:33", "text": "Okay? You are hoarding wealth. You have you think you're you're going to rent."}, {"start": "01:00:33", "end": "01:00:39", "text": "You're going to be a dirty capitalistic speculator on honest people's work."}, {"start": "01:00:39", "end": "01:00:46", "text": "You're going to be just relaxing, taking it easy on the backs of honest"}, {"start": "01:00:46", "end": "01:00:53", "text": "people's work who wake up at 7 6 a.m. go to work."}, {"start": "01:00:53", "end": "01:00:58", "text": "They cannot afford their living and you collect rent."}, {"start": "01:00:58", "end": "01:01:05", "text": "I mean, you see, it's so easy to make you sound like a freaking devil. So, you want that? You want to be in that position? You like mazochism. You want"}, {"start": "01:01:05", "end": "01:01:10", "text": "to You want this? If you want it, go rental. Go go go go go buy rental. Not"}, {"start": "01:01:10", "end": "01:01:17", "text": "for me, man. I just hear mani calling me a parasite and uh you're"}, {"start": "01:01:17", "end": "01:01:24", "text": "going to have a mandani in your own city. You're going to have a lot of them. Why? AI replacing jobs. There's no"}, {"start": "01:01:24", "end": "01:01:29", "text": "job. AI does job. You have a lot of problem with unemployment."}, {"start": "01:01:29", "end": "01:01:36", "text": "All of these people they going to look for solution. Housing is not affordable."}, {"start": "01:01:36", "end": "01:01:42", "text": "you are going to be the solution. So anyway, you like masochism, go buy"}, {"start": "01:01:42", "end": "01:01:47", "text": "rental. You like this, go."}, {"start": "01:01:47", "end": "01:01:51", "text": "Not for me, man. Not for me."}, {"start": "01:01:54", "end": "01:02:00", "text": "Freaking Scrooge McDuck. Exactly what I said. You want to be painted as a Scrooge McDuck, go"}, {"start": "01:02:00", "end": "01:02:06", "text": "be my guest, guys. That's it. Thanks a lot for being here. Thanks a lot for uh contribution to the stream. Great"}, {"start": "01:02:06", "end": "01:02:12", "text": "questions, great stuff. Smash up the like, subscribe to the channel. Big shout out to Dub for time stamping us"}, {"start": "01:02:12", "end": "01:02:20", "text": "today. Enjoy your Monday new week, new opportunity. I'm going to be writing the TA report for our Bulmania members. If"}, {"start": "01:02:20", "end": "01:02:26", "text": "you want to join Bulmania, first step is to watch the free training below. You need the training. If you don't know the training, you don't know anything, you"}, {"start": "01:02:26", "end": "01:02:31", "text": "don't know what trading is, you're lost. Watch it. Have a good day. Enjoy. Thanks"}, {"start": "01:02:31", "end": "01:02:37", "text": "a lot for being here. Someone also asked, \"Ivan, will you stop doing videos in bear?\" I said, \"I I'm kind of"}, {"start": "01:02:37", "end": "01:02:42", "text": "addicted to the show. I'm kind of addicted to the show. Like my day becomes way better after a show.\" So,"}, {"start": "01:02:42", "end": "01:02:47", "text": "thanks a lot to you guys. Bash up. See you. Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:09", "text": "Oh yes. Oh yes. Oh yes. Oh yes. Guys, welcome to another episode. And as right now, Bitcoin is falling like an Mfer."}, {"start": "00:00:09", "end": "00:00:17", "text": "Like an MFER. It's falling so fast. It's now at $83,000. 83.8. And I had someone ask me, Ivan,"}, {"start": "00:00:17", "end": "00:00:22", "text": "why do you look at 50WE moving average? Why do you look at technical analysis? Why do you look at the money line? It's"}, {"start": "00:00:22", "end": "00:00:28", "text": "all for guys. Technical analysis is Fugazi. But bad but bad but bad but bad but bad but bad but bad but bad but bad but bad but bad but but in these situations everyone who doesn't believe"}, {"start": "00:00:28", "end": "00:00:34", "text": "in TA gets humbled a lot because as soon as we broke the 50 week boom massive"}, {"start": "00:00:34", "end": "00:00:41", "text": "massive elevator down as soon as we broke the money line bam massive elevator down so this is the current"}, {"start": "00:00:41", "end": "00:00:46", "text": "state of affairs Bitcoin is showing weakness exactly as we predicted here on"}, {"start": "00:00:46", "end": "00:00:52", "text": "October the 8th if I'm to be humble if I'm to be extremely humble my esteemed"}, {"start": "00:00:52", "end": "00:00:59", "text": "audience will remember that we're the only channel who said to not buy the dip, to not do anything crazy, just wait"}, {"start": "00:00:59", "end": "00:01:06", "text": "for it to play out. And since October 8th, literally, there have been no bounces, no true bounces. It's just been"}, {"start": "00:01:06", "end": "00:01:11", "text": "straight down like a freaking freaking elevator down. Massive elevator. And as"}, {"start": "00:01:11", "end": "00:01:18", "text": "you know, I look at it from a positive perspective. I'm a positive person. I like to see things from a positive perspective. So, the good thing with"}, {"start": "00:01:18", "end": "00:01:24", "text": "everything that's happening, guys, is that Bitcoin is going to be cheap as hell. is going to be cheap as hell."}, {"start": "00:01:24", "end": "00:01:31", "text": "Okay, this is now in true winter wonderland and it's going downhill. You see this emoji right here? The guy going"}, {"start": "00:01:31", "end": "00:01:37", "text": "downhill. Bitcoin is going very fast downhill. Very, very fast. And it is. Yay. Okay, it's good actually. Actually,"}, {"start": "00:01:37", "end": "00:01:42", "text": "it's good. Why? Because if in the coming quarters, Bitcoin probably is going to"}, {"start": "00:01:42", "end": "00:01:49", "text": "be around 50. If we continue like this in a true bare market fashion and uh yeah start trending down within the"}, {"start": "00:01:49", "end": "00:01:55", "text": "coming quarters probably in May somewhere we may have Bitcoin at um 50 or something. Okay. So just remember"}, {"start": "00:01:55", "end": "00:02:01", "text": "that it's also good from the perspective of accumulation that Bitcoin is cheap again. So everyone who is not an"}, {"start": "00:02:01", "end": "00:02:08", "text": "institution can buy a full Bitcoin again. So it's very good. It's very good. Uh"}, {"start": "00:02:08", "end": "00:02:13", "text": "yes even if you didn't derisk. We said to drisk. Let's say you didn't derisk. You're kind of underwater this and that."}, {"start": "00:02:13", "end": "00:02:22", "text": "Okay, you need to switch the mindset to accumulation and to ensure that you have the funds to buy as an mfer"}, {"start": "00:02:22", "end": "00:02:28", "text": "anfer when we go back into bull trend. And as you can see, uh when we get back to 50k"}, {"start": "00:02:28", "end": "00:02:34", "text": "or 60 I I we don't know exactly where it's going to be 50. I mean somewhere here potentially it's going to be. But"}, {"start": "00:02:34", "end": "00:02:40", "text": "as you know, we look not at the price, we look at the trend. when the trend shifts back up, that's the signal. And"}, {"start": "00:02:40", "end": "00:02:45", "text": "at that point, it maybe somewhere here at, you know, 55 60. We're going to see when it when it shifts, but the bare"}, {"start": "00:02:45", "end": "00:02:51", "text": "trend started already um last week. And then we had to go all the way to 127 to"}, {"start": "00:02:51", "end": "00:03:00", "text": "flip bullish. Now it's down to 120. So the lower we go, the lower is the bull flip also. And um if you look at how it"}, {"start": "00:03:00", "end": "00:03:06", "text": "was in the last bear, in the last bear, we uh entered the bear and then the the"}, {"start": "00:03:06", "end": "00:03:14", "text": "bull flip followed us all the way down here until we flipped it. And let me just measure slightly here how many%"}, {"start": "00:03:14", "end": "00:03:20", "text": "from the bottom. So basically here it went from 15"}, {"start": "00:03:20", "end": "00:03:29", "text": "uh as the absolute bottom to 22 which was the big big fat signal that this reversal is correct. So from 15 to 22"}, {"start": "00:03:29", "end": "00:03:35", "text": "was the weight for the signal and then it was you know go all in you I mean it's one of the lowest risk trades ever"}, {"start": "00:03:35", "end": "00:03:40", "text": "when you have the the money line going from bare after a long bear into it's"}, {"start": "00:03:40", "end": "00:03:45", "text": "insane. It's insane to here at around 20k was the big fat signal to go"}, {"start": "00:03:45", "end": "00:03:52", "text": "literally all in. And now here it is the uh other other way around to be super"}, {"start": "00:03:52", "end": "00:03:58", "text": "careful and yeah we're kind of taking elevator down but at some point guys it will bottom out likely in 2026 and go"}, {"start": "00:03:58", "end": "00:04:04", "text": "green again and start the big big move towards 1 million. So look at it from a"}, {"start": "00:04:04", "end": "00:04:10", "text": "positive perspective. Look at it positive perspective. Uh now is the time to start accumulating uh money in order"}, {"start": "00:04:10", "end": "00:04:16", "text": "to deploy when it uh when it bottoms out because it will. Now I have a lot of"}, {"start": "00:04:16", "end": "00:04:22", "text": "things I want to react on. Uh for example, people trying to guess the bottom. This is not good. You don't guess the bottom. Especially you don't"}, {"start": "00:04:22", "end": "00:04:28", "text": "try to draw a pattern which does not exist. Okay? You can react to a pattern. But this guy, for example, he drew an"}, {"start": "00:04:28", "end": "00:04:35", "text": "inverse head and shoulders which is a bottoming pattern, but he drew it without it being there."}, {"start": "00:04:35", "end": "00:04:42", "text": "Like the idea with patterns is to is to react when they happen. Not to draw them and then trade based on a potential"}, {"start": "00:04:42", "end": "00:04:47", "text": "drawing of pattern which doesn't even exist. Which doesn't even exist. Okay."}, {"start": "00:04:47", "end": "00:04:53", "text": "Never do this. Never. This is very bad. This is very very bad analysis. And of course he drew it when price was like"}, {"start": "00:04:53", "end": "00:04:59", "text": "90. Now it is 80. Yeah. It's in almost 80 now. Okay. Never do anything like"}, {"start": "00:04:59", "end": "00:05:04", "text": "this. Very very bad picture. Very bad advice. You just look at what the hell"}, {"start": "00:05:04", "end": "00:05:11", "text": "the the price is doing and what trend it is. That's it. Don't try to predict any pattern. Now I still think at some point"}, {"start": "00:05:11", "end": "00:05:16", "text": "we will go to 50week moving average. So that analysis still holds. At some point we will revisit the 50week moving"}, {"start": "00:05:16", "end": "00:05:22", "text": "average. We will have a relief rally. I mean all bare markets have it. Whether it's going to be here or whether we go"}, {"start": "00:05:22", "end": "00:05:28", "text": "down a bit and maybe you know come back to it when it's here at some point we will uh revisit it. And that's a very"}, {"start": "00:05:28", "end": "00:05:33", "text": "important signal to not think that is you know a new bull market or something. uh because likely it's going to get"}, {"start": "00:05:33", "end": "00:05:38", "text": "rejected. Okay, the only way that we reconsider and become bulls again if"}, {"start": "00:05:38", "end": "00:05:44", "text": "money line shift but um what's likely to happen is that any bounce will be sold"}, {"start": "00:05:44", "end": "00:05:49", "text": "uh sold off when it goes into a big big resistance such as the 50 moving average"}, {"start": "00:05:49", "end": "00:05:55", "text": "and it's a big resistance now. Why? because it was support for many years. Uh yeah, I mean it was support for three"}, {"start": "00:05:55", "end": "00:06:04", "text": "years since uh I mean basically here here it was still resistance then we broke it and yeah since 2023 it was so"}, {"start": "00:06:04", "end": "00:06:10", "text": "two and a half years basically it was support I mean ever it was support now we broke below it so it's likely to be"}, {"start": "00:06:10", "end": "00:06:17", "text": "resistance now people likely to see it as a good um uh good place to to derisk even more so and that's correct by the"}, {"start": "00:06:17", "end": "00:06:23", "text": "way uh it the the correct way to see a bounce in a bare trend is that it's uh"}, {"start": "00:06:23", "end": "00:06:30", "text": "chance to derisk at a slighter better price. Uh and at some point the trend will change but um it will likely take a"}, {"start": "00:06:30", "end": "00:06:37", "text": "bit of time guys like likely take a bit of time because there are a few things that have to be figured out. I mean first and foremost it's only now that"}, {"start": "00:06:37", "end": "00:06:42", "text": "the that treasuries that all of these treasury companies that they start dumping it's it's only just started. For"}, {"start": "00:06:42", "end": "00:06:48", "text": "example, this company FG Nexus, they just started to sell and uh there are so"}, {"start": "00:06:48", "end": "00:06:53", "text": "many of them, you know, we created so many of them that you know for them to"}, {"start": "00:06:53", "end": "00:06:58", "text": "delever risk also a lot of them will not huddle. They're not micro strategy. I think a"}, {"start": "00:06:58", "end": "00:07:04", "text": "mistake many people had is that they they thought that all of the treasury companies are the same. They're all"}, {"start": "00:07:04", "end": "00:07:10", "text": "micro strategy. They're just going to huddle huddle and a lot of them are selling already. And like just like Chris Berninski is saying, the era of do"}, {"start": "00:07:10", "end": "00:07:17", "text": "that selling has only just begun. So just like we went up with all of the"}, {"start": "00:07:17", "end": "00:07:23", "text": "dots and uh now when it's outflow, we're going to go down, he's saying. So uh"}, {"start": "00:07:23", "end": "00:07:28", "text": "because of this, it's not going to be figured out in a week. It's not going to be figured out in two days. Likely it's"}, {"start": "00:07:28", "end": "00:07:34", "text": "going to take a few quarters for them to unwind, to reconsider. Do we really want to huddle? Do we not want to huddle?"}, {"start": "00:07:34", "end": "00:07:40", "text": "This and that. Also guys, just uh as as a comment, I want to comment on a few more things. For example, this guy, I"}, {"start": "00:07:40", "end": "00:07:46", "text": "love this guy personally because he seems like a honest great guy, but guys, his analysis is so bad. Um I mean, it's"}, {"start": "00:07:46", "end": "00:07:52", "text": "not good as as a market analysis. He's he's not good. He's the founder and CEO of CryptoQuant, by the way. Big shout"}, {"start": "00:07:52", "end": "00:07:58", "text": "out. I love him as a person, but he called the bare market way too early earlier that year, this earlier this"}, {"start": "00:07:58", "end": "00:08:04", "text": "year. Then he apologized. He said he's wrong. Now, I don't even know. He he has he tries to find some signal. He was tweeting that it's not bare market"}, {"start": "00:08:04", "end": "00:08:10", "text": "because still institutions are buying and we still went down. He here here he"}, {"start": "00:08:10", "end": "00:08:17", "text": "was saying that 2018 well selling no fresh capital 2022 well selling no fresh capital 205 well selling but fresh I"}, {"start": "00:08:17", "end": "00:08:23", "text": "don't know where he sees fresh capital ETFs are dumping like hell so he has a lot of this analysis he's trying to look"}, {"start": "00:08:23", "end": "00:08:30", "text": "at uh onchain what's onchain doing onchain it's all assumptions there is no clarity it's each signal is based on"}, {"start": "00:08:30", "end": "00:08:36", "text": "pure assumptions you don't know anything what's happening on chain nowadays because a move that all of them classify"}, {"start": "00:08:36", "end": "00:08:42", "text": "as a cell it's not a cell it's just a move a wallet. Let's say Micro Strategy, they move to another wallet. Everyone"}, {"start": "00:08:42", "end": "00:08:47", "text": "yells, \"Oh, they sold. They didn't sell.\" Or or you know, someone moves somewhere. Now, everyone is yelling,"}, {"start": "00:08:47", "end": "00:08:54", "text": "\"Oh, they bought. They didn't buy. They didn't buy. They didn't buy. They just all of these moves on chain. They're very hard to uh to interpret, especially"}, {"start": "00:08:54", "end": "00:08:59", "text": "in the age of ETF where a lot of trading is happening in ETF. You you you don't"}, {"start": "00:08:59", "end": "00:09:06", "text": "see it on chain, but you see in ETF inflow, outflow, but it was a bit funny because now he's looking for help. Who"}, {"start": "00:09:06", "end": "00:09:14", "text": "is the best macro analyst? Oh, I I see Eric Guzman actually recommended me and the CTO. I think he"}, {"start": "00:09:14", "end": "00:09:21", "text": "needs it, man. I think he needs some help here. He needs a lot of help. He needs a lot of help. Uh, big shout out."}, {"start": "00:09:21", "end": "00:09:27", "text": "But I've been following this guy since he called the bare market earlier this year when we said it's not a bare"}, {"start": "00:09:27", "end": "00:09:33", "text": "market. And it's been Yeah, it's been a bit fun. But big shout out, big shout out to the guy. Now, uh, also uh big"}, {"start": "00:09:33", "end": "00:09:38", "text": "shout out to Miles. He's saying that this correction is just normal correction. I see the sentiment a lot"}, {"start": "00:09:38", "end": "00:09:46", "text": "that people are saying, \"Yeah, this draw down is just a normal draw down.\" But the truth is it's not the normal draw down because it's below the 50week"}, {"start": "00:09:46", "end": "00:09:51", "text": "moving average. And when you measure draw downs, let's say 30%, people are sometimes saying, \"Oh, 30% is just"}, {"start": "00:09:51", "end": "00:09:57", "text": "standard. It's standard.\" Well, it is standard if we pump a lot. If we go from, you know, 1K to 3k Bitcoin and"}, {"start": "00:09:57", "end": "00:10:04", "text": "then we go down uh 30% like we did in in the cycle 2017. We started around 1K,"}, {"start": "00:10:04", "end": "00:10:09", "text": "then bam, it exploded to like 3K. Okay, then you can correct 30%. Uh let's say"}, {"start": "00:10:09", "end": "00:10:16", "text": "you go from 10K to 30K. Okay, you correct uh uh 30%. Fine. Uh but now"}, {"start": "00:10:16", "end": "00:10:23", "text": "Bitcoin has been kind of stalling for such a long time. Basically since December 2024, we're kind of in the same"}, {"start": "00:10:23", "end": "00:10:29", "text": "price uh price area. And when you dump 30% when you haven't even pumped, it's different. And this difference is"}, {"start": "00:10:29", "end": "00:10:35", "text": "illustrated by the 50week moving average because normally when you dump 30% like for example here here's a good example"}, {"start": "00:10:35", "end": "00:10:41", "text": "we dump 30% but we also pumped so much that the 50we moving average hasn't caught up and then you have room to dump"}, {"start": "00:10:41", "end": "00:10:47", "text": "30% without breaking 50we moving average. So 50 moving average in this case it's kind of you know it's a it's a"}, {"start": "00:10:47", "end": "00:10:53", "text": "it's a measurement of how much we pumped during the last 50 weeks. Okay. uh well"}, {"start": "00:10:53", "end": "00:10:59", "text": "how much and when we don't pump too much the 50 moving average just catches up with the price if we just go sideways"}, {"start": "00:10:59", "end": "00:11:06", "text": "for a year well the 50 moving average has caught up with you and then if you dump 30% it's not the same as here"}, {"start": "00:11:06", "end": "00:11:13", "text": "because here you pump a lot you pump you dump okay perfect continue pump dump perfect continue here no pump just dump"}, {"start": "00:11:13", "end": "00:11:20", "text": "below 50 moving average so it it is very different that's why we look at the price we don't I mean we don't look at this comparison comparing to previous"}, {"start": "00:11:20", "end": "00:11:27", "text": "ones I don't think it makes sense Uh but I wanted to comment on it because I know many people are asking. Uh next next"}, {"start": "00:11:27", "end": "00:11:33", "text": "look here Colin Colin Colin another reason to not look at too many things"}, {"start": "00:11:33", "end": "00:11:39", "text": "except just the chart the trend the money line and our mechanical rules. He he he's saying few if any bull run cycle"}, {"start": "00:11:39", "end": "00:11:45", "text": "tops indicators trigger this cycle man like you know all of these different uh indicators they're all for guys. It's"}, {"start": "00:11:45", "end": "00:11:52", "text": "all infotainment. The only thing that matters is the price. It is the ultimate signal. What trend? what uh level it"}, {"start": "00:11:52", "end": "00:11:58", "text": "holds and all of that. Uh but then he says yeah there are some bare bare market indicators that did trigger but"}, {"start": "00:11:58", "end": "00:12:03", "text": "for most people no one no one looks at bare market indicators they look at top indicator and now apparently they're"}, {"start": "00:12:03", "end": "00:12:08", "text": "also bare market indicator but the only indicator you need to care about guys it is the trend is the trend and then some"}, {"start": "00:12:08", "end": "00:12:14", "text": "key levels like 50 week I mean that's it that's it that's it that's it and again if you feel that this bull market was"}, {"start": "00:12:14", "end": "00:12:21", "text": "bad it sucked this and that I I see many people writing educate yourself for the next one use the link below it's"}, {"start": "00:12:21", "end": "00:12:27", "text": "bullmania.com/bar watch the pre-training here about mechanical rules. How to look at the"}, {"start": "00:12:27", "end": "00:12:33", "text": "market with a straight straight straight approach without getting lost in all"}, {"start": "00:12:33", "end": "00:12:40", "text": "kind of uh sidetracks. Some indicator here some you know this thing is flashing that no top like you see how"}, {"start": "00:12:40", "end": "00:12:46", "text": "much noise it is how much useless noise it is and in all barren bull cycles the"}, {"start": "00:12:46", "end": "00:12:51", "text": "only thing that mattered was the price. It is the the mechanical rules whether we're bullish or bearish and that's it."}, {"start": "00:12:51", "end": "00:12:56", "text": "It works across It works across markets. It works in stocks. It works in in uh in"}, {"start": "00:12:56", "end": "00:13:01", "text": "crypto. So, educate yourself until the next bull market because the next bull market likely is going to be the biggest"}, {"start": "00:13:01", "end": "00:13:07", "text": "one. I'm telling you, it's going to be the biggest. Why? Because crypto is going for its end game, the endgame"}, {"start": "00:13:07", "end": "00:13:14", "text": "where crypto is replacing all finance. It's going to happen within the next cycle. Likely Bitcoin is going to go to 500K, maybe a million. And don't mess it"}, {"start": "00:13:14", "end": "00:13:20", "text": "up. Don't mess it up. If you felt that this cycle was not too good, use the link below because the truth is Bitcoin"}, {"start": "00:13:20", "end": "00:13:27", "text": "did go from 15K to 126. Sana did go from $8 to 300 and a lot of other things did"}, {"start": "00:13:27", "end": "00:13:34", "text": "well as well. So, it's all about what assets you huddle and what kind of narrative you have and most importantly, what kind of software you have in your"}, {"start": "00:13:34", "end": "00:13:39", "text": "brain. Okay, that's that's the biggest problem. It's the biggest problem. What kind of mindset you have? All of these"}, {"start": "00:13:39", "end": "00:13:47", "text": "different beliefs people have about markets, they're so wrong. We covered like a few of them just in the past minutes. But it's so wrong. I have"}, {"start": "00:13:47", "end": "00:13:53", "text": "another one I want to cover and that's Tom Lee where he's trying to find explanation for this and that. But"}, {"start": "00:13:53", "end": "00:14:00", "text": "before we go into that, I want to welcome I want to welcome everyone. Smash up the like. Big big shout out to"}, {"start": "00:14:00", "end": "00:14:05", "text": "Guzman who is timesamping us today. We manifested Guzman into our life. When we"}, {"start": "00:14:05", "end": "00:14:10", "text": "started when we almost started the show, Guzman was not here. I said we're going to manifest. We're going to attract"}, {"start": "00:14:10", "end": "00:14:16", "text": "Guzman into our life. We're going to visualize Guzman. And he did arrive."}, {"start": "00:14:16", "end": "00:14:21", "text": "And he did arrive. So, smash the like, subscribe to the channel if you haven't yet. Check out the training below so you"}, {"start": "00:14:21", "end": "00:14:27", "text": "don't mess up the next bull market if you if you feel if you honestly feel that this uh bull market was not too"}, {"start": "00:14:27", "end": "00:14:33", "text": "good. And on that note, let's continue with the analysis because Tom Lee, man,"}, {"start": "00:14:33", "end": "00:14:39", "text": "I mean, I love Tom Lee, but he has new brilliant ideas why we're going down instead of just looking at the freaking"}, {"start": "00:14:39", "end": "00:14:46", "text": "chart and being humble and seeing that the chart down with bare trend. No, he wants to analyze. Let's see what he"}, {"start": "00:14:46", "end": "00:14:52", "text": "analyzes it because I want to cover all aspects of this market. Even if uh it's"}, {"start": "00:14:52", "end": "00:14:58", "text": "it's a lot of infotainment. Like I'm not basing any any trades based on what he's saying because we look at the chart. But anyway, I know people love Tom Lee. I"}, {"start": "00:14:58", "end": "00:15:04", "text": "love Tom Lee. Let's see what he's saying. Yeah. Is it Nvidia, the good folks at Bespoke, your team, you've recognized"}, {"start": "00:15:04", "end": "00:15:11", "text": "that Nvidia will often have these kind of wild swings following earnings, but what is your take right now on these"}, {"start": "00:15:11", "end": "00:15:18", "text": "markets? Uh, well, I think I'm I'm going to kind of add to what Steve said. You know, I"}, {"start": "00:15:18", "end": "00:15:24", "text": "think the crypto market has been limping along since October 10th because on that"}, {"start": "00:15:24", "end": "00:15:31", "text": "date was a negative shock. I mean, today's stock market looks a lot like an echo of what happened October 10th, but"}, {"start": "00:15:31", "end": "00:15:37", "text": "on October 10th, that liquidation was so big, Brian, it really crippled market"}, {"start": "00:15:37", "end": "00:15:43", "text": "makers. And so why not say to be careful? That's the thing. Why not say if if he knew it like"}, {"start": "00:15:43", "end": "00:15:50", "text": "if Tom Lee really knew it what he what he's saying now why not say to be careful what he said was ET is gonna"}, {"start": "00:15:50", "end": "00:15:57", "text": "bottom this week it's crazy if you really if you really"}, {"start": "00:15:57", "end": "00:16:03", "text": "thought what he's saying why Fugazi all the followers into the meat grinder we"}, {"start": "00:16:03", "end": "00:16:09", "text": "said there's not going to be Vshape we say we said to risk off he said literally it is going to bottom this"}, {"start": "00:16:09", "end": "00:16:15", "text": "week it's crazy Man, it's crazy. But now, now he's like, \"Oh, it something"}, {"start": "00:16:15", "end": "00:16:22", "text": "broke of this and that.\" Deeper analysis. Holy crap, guys. Market makers"}, {"start": "00:16:22", "end": "00:16:27", "text": "are critical in crypto because they provide liquidity. I mean, they No [ __ ] No. Why didn't you say it on"}, {"start": "00:16:27", "end": "00:16:33", "text": "the market makers?"}, {"start": "00:16:33", "end": "00:16:39", "text": "Okay. It's 80k now. It's 80. It was 120. just leave"}, {"start": "00:16:39", "end": "00:16:46", "text": "act almost as the central bank in crypto and if they've got a hole in their balance sheet that they need to raise"}, {"start": "00:16:46", "end": "00:16:51", "text": "capital for they need to reflexively reduce their balance sheet reduce"}, {"start": "00:16:51", "end": "00:16:57", "text": "trading um and if prices fall they've got to then do more selling so I think"}, {"start": "00:16:57", "end": "00:17:02", "text": "that this drip that's been taking place for the last few weeks in crypto"}, {"start": "00:17:02", "end": "00:17:09", "text": "reflects this market maker crippling and so in 2022 two, it took 8 weeks uh for"}, {"start": "00:17:09", "end": "00:17:14", "text": "that to really get flushed out. We're only 6 weeks into it. So, I I I kind of"}, {"start": "00:17:14", "end": "00:17:21", "text": "concur. I think crypto, Bitcoin, and Ethereum are in some ways a leading indicator for equities because of that"}, {"start": "00:17:21", "end": "00:17:27", "text": "unwind and now this sort of limping and and weakened liquidity. Well, that was that and that was the that was the point"}, {"start": "00:17:27", "end": "00:17:32", "text": "that my my very very smart team behind me we put together for the top of the"}, {"start": "00:17:32", "end": "00:17:38", "text": "show which was showing that that Bitcoin turned down today before the market did."}, {"start": "00:17:38", "end": "00:17:43", "text": "Anyway, big shout out to Tom but you get the point. You can watch the whole thing yourself if you want but um you get the"}, {"start": "00:17:43", "end": "00:17:49", "text": "point. He is um saying that um yeah apparently 10th of October was not too"}, {"start": "00:17:49", "end": "00:17:54", "text": "good but but it's bottoming out this week."}, {"start": "00:17:54", "end": "00:18:00", "text": "He's saying it's going to or within two weeks within two weeks he's bottoming out"}, {"start": "00:18:00", "end": "00:18:07", "text": "because of this reduced liquidity. Positions are out of the leverage. This is a glitch map. What glitch you what"}, {"start": "00:18:07", "end": "00:18:13", "text": "glitch? What glitch? You see yourself there's no glitch here. You see it went we went bare. We went below 50. What do"}, {"start": "00:18:13", "end": "00:18:18", "text": "you mean? What do you mean? And yeah, I mean the key was to start the risking at"}, {"start": "00:18:18", "end": "00:18:25", "text": "126. When we did the fake fake alltime high here, we said to start the risking, start the risking, not be complacent."}, {"start": "00:18:25", "end": "00:18:32", "text": "And that was the 100% correct. So anyway guys, uh you see now that the market is down a bit, you you can understand the"}, {"start": "00:18:32", "end": "00:18:37", "text": "the approach, the approach which makes sense, which doesn't make sense. In bull market, it's a bit harder to see which approach makes sense because all"}, {"start": "00:18:37", "end": "00:18:43", "text": "approaches make sense. Everything just goes up. But you you really have to know"}, {"start": "00:18:43", "end": "00:18:49", "text": "uh the the truth the truth about the markets and how they work. And the best way is to watch the video below free"}, {"start": "00:18:49", "end": "00:18:58", "text": "trading and also here I explain to you every day. Now uh another thing he's saying I agree to the fact that someone"}, {"start": "00:18:58", "end": "00:19:05", "text": "they are pulling out all the stops to try to manipulate Bitcoin lower. Mad"}, {"start": "00:19:05", "end": "00:19:11", "text": "when price pumps it's pure organic. when it dumps is manipulation. It's classic."}, {"start": "00:19:11", "end": "00:19:18", "text": "So Tom Le saying it's manipulation. The reason will we go down is manipulation. Uh so they're using perbs and futures"}, {"start": "00:19:18", "end": "00:19:25", "text": "and other deres. They're working over time to try to scare people out of their uh or maybe it's just selling pressure"}, {"start": "00:19:25", "end": "00:19:31", "text": "or maybe it's just selling pressure because you can literally see there's a lot of sell pressure. I mean look at the"}, {"start": "00:19:31", "end": "00:19:36", "text": "ETF. ETF sold almost a billion almost a freaking billion yesterday. Maybe it's"}, {"start": "00:19:36", "end": "00:19:42", "text": "not maybe it's just I mean you see yourself why why make it complex there is this law I don't I don't know what"}, {"start": "00:19:42", "end": "00:19:49", "text": "the law is called but let me know in the com in the comment section if you know but the simplest explanation is the"}, {"start": "00:19:49", "end": "00:19:54", "text": "correct one there is a law that's that says that in logic or you know the simplest explanation is the is the most"}, {"start": "00:19:54", "end": "00:20:01", "text": "correct one so if you have a complex explanation oh is manipulation is the cabal cabal they're manipulating with"}, {"start": "00:20:01", "end": "00:20:07", "text": "how they're manipulating they're manipulating using herbs and futures and"}, {"start": "00:20:07", "end": "00:20:13", "text": "other derivatives and other uh and other complex instruments. Okam razor exactly"}, {"start": "00:20:13", "end": "00:20:20", "text": "is it Okam Razer that this law is called? That's a complex explanation. Why price is down because of this and"}, {"start": "00:20:20", "end": "00:20:26", "text": "that and futures and derivatives and the manipulation. Okay, that's a quite a complex explanation. I have a simpler"}, {"start": "00:20:26", "end": "00:20:32", "text": "one. I have a simpler one. Maybe it's just sell pressure. Maybe it's just that boomers in the ETF are starting to feel"}, {"start": "00:20:32", "end": "00:20:39", "text": "Bitcoin volatility for the first time in their life. They have bought the Bitcoin ETF. They thought it's like gold ETF."}, {"start": "00:20:39", "end": "00:20:46", "text": "Now they're learning, holy [ __ ] this thing dumps a lot. Sell, sell, sell, sell, sell, sell, sell. Maybe it's just"}, {"start": "00:20:46", "end": "00:20:51", "text": "that. Maybe it's the boomers learning about Bitcoin volatility and they didn't really understand that it would be so"}, {"start": "00:20:51", "end": "00:20:57", "text": "volatile. Okay. Anyway,"}, {"start": "00:20:57", "end": "00:21:04", "text": "that's that. That's that, guys. It's um it's quite insane, but it's also so simple. It's so simple when you start"}, {"start": "00:21:04", "end": "00:21:09", "text": "understanding the market, man. When you start seeing the truth, it's um it becomes too easy. Like all of this is"}, {"start": "00:21:09", "end": "00:21:15", "text": "too easy because literally it's the same mistakes, the same misconceptions, the same everything year in year out, market"}, {"start": "00:21:15", "end": "00:21:21", "text": "in market out. That's why I I'm really telling you, if you learn trading for real, if you really understand trading"}, {"start": "00:21:21", "end": "00:21:28", "text": "for real, you can eat the rest of it can feed you the rest of your life. Because for some reason we as humans we cannot"}, {"start": "00:21:28", "end": "00:21:36", "text": "pass the knowledge of trading through generations for example we can pass knowledge of like mathematics. Okay I I"}, {"start": "00:21:36", "end": "00:21:41", "text": "have mathematics I can teach my kid and they can teach and we can pass it. For some reason this thing with trading and"}, {"start": "00:21:41", "end": "00:21:48", "text": "investing it's so emotional. It's really at the core of fear and greed that people they just don't understand. And"}, {"start": "00:21:48", "end": "00:21:55", "text": "then even when I try to educate them, a lot of them they're like they are vaccinated against truth. No, no, no."}, {"start": "00:21:55", "end": "00:22:00", "text": "What? What do you mean? What do you mean to be careful? What do you mean? What do you mean? It's going to go up. It's no"}, {"start": "00:22:00", "end": "00:22:07", "text": "top indicator has been calling. It's going to go up. Like they have they have like a vaccine against proper trading."}, {"start": "00:22:07", "end": "00:22:14", "text": "Okay. I felt it because on October 8th I said be careful. I I I got so much push back. It was insane. It was insane. So"}, {"start": "00:22:14", "end": "00:22:20", "text": "it's actually good if you learn trading for real. It's actually good. It's very good because when you know trading, you"}, {"start": "00:22:20", "end": "00:22:28", "text": "take money from those that don't know trading. That's how it works. So, use the link below, learn it because literally it can feed you in crypto, in"}, {"start": "00:22:28", "end": "00:22:33", "text": "other markets, anywhere if you understand this simple and it's not hard. Like another thing, it's actually"}, {"start": "00:22:33", "end": "00:22:39", "text": "not hard. Like it really is very easy. It's not it what it's e how do you say"}, {"start": "00:22:39", "end": "00:22:46", "text": "it's simple but maybe not easy because you need to apply it like you need to you need to feel it in in the market so"}, {"start": "00:22:46", "end": "00:22:55", "text": "it's simple it's easy to understand but then to actually use it you need a bit of training and that's also what we provide here anyway uh so that's that uh"}, {"start": "00:22:55", "end": "00:23:00", "text": "next um let's go to Q&A guys I mean I think that's basically it let me just go through a few more things let's look at"}, {"start": "00:23:00", "end": "00:23:05", "text": "how the chains are doing uh in this environment is ETH still above soul or"}, {"start": "00:23:05", "end": "00:23:12", "text": "Not because actually last few days ETH is above solen fees like for example now I mean Salana is not really too much use"}, {"start": "00:23:12", "end": "00:23:19", "text": "in this bare market where there is not too much retail you know retail dead everyone dead no memecoin so this also"}, {"start": "00:23:19", "end": "00:23:24", "text": "goes against this also goes against the Solana narrative so that's why for us to"}, {"start": "00:23:24", "end": "00:23:30", "text": "get back into salt they have to reclaim everything here and be like number two maybe they do it in the next bull let's"}, {"start": "00:23:30", "end": "00:23:37", "text": "see but when it comes to metrics we look at metrics for the past month or So Sana went from number two below Hyperlid to"}, {"start": "00:23:37", "end": "00:23:42", "text": "now even below ETH because retail is a phenito phenito phenito uh and yeah so"}, {"start": "00:23:42", "end": "00:23:49", "text": "that's that uh hyperlquid Ajax the leverage trading platforms then you have Tron then you have ETH then soul BNB"}, {"start": "00:23:49", "end": "00:23:54", "text": "bitcoin base orbitum it's just money moving from ETH to arbitum or arbitum to"}, {"start": "00:23:54", "end": "00:23:59", "text": "ETH and then optos has a a bit of a stable coin growth so that's good to see"}, {"start": "00:23:59", "end": "00:24:05", "text": "but it's still wrecked everything is wrecked so it doesn't really matter now but it will matter in the next bull market. It will matter matter in the"}, {"start": "00:24:05", "end": "00:24:11", "text": "next bull market. Let's see, man. In the graveyard."}, {"start": "00:24:11", "end": "00:24:18", "text": "What? Nothing is green. Ah, that's the graveyard, guys. Is the graveyard. Should we discuss it or no? I I I'm I'm"}, {"start": "00:24:18", "end": "00:24:24", "text": "not looking at alts at all, guys. Now, I have no idea even. I'm I I'm not even I'm just the BTC now. Uh since October"}, {"start": "00:24:24", "end": "00:24:31", "text": "8th, basically, I'm not looking. So, it's like uh this is like foreign to me. Is this uh good or is anything alive? Is"}, {"start": "00:24:31", "end": "00:24:36", "text": "a graveyard. No, nothing to say. Oh, but there is one thing I want to check, guys, because I was checking Pulsion"}, {"start": "00:24:36", "end": "00:24:42", "text": "yesterday. It's almost at alltime low. Big shout to pulse. I love you guys. I"}, {"start": "00:24:42", "end": "00:24:50", "text": "love But it's amazing. It's amazing. It's almost at all time low. I just want to see if it reached alltime low yet"}, {"start": "00:24:50", "end": "00:24:55", "text": "because it's it's almost at all time low. It's it's in in in the league of its own. It's so bad. It's in the league"}, {"start": "00:24:55", "end": "00:25:03", "text": "of its own. Where is the alltime low here? Alltime low. We just need to dump another 10%. Okay. another and it's"}, {"start": "00:25:03", "end": "00:25:09", "text": "going to be alltime low. Can you imagine like all time low? It it never did like it just has been in a bare trend since"}, {"start": "00:25:09", "end": "00:25:15", "text": "the launch. The guys wanted the thousandx at the start. Uh they're trending down like hell. So almost all"}, {"start": "00:25:15", "end": "00:25:20", "text": "time low, guys. That that's the only thing I I check sometimes. I'm checking when it's going to be"}, {"start": "00:25:20", "end": "00:25:28", "text": "alltime low because I have a tweet ready. I have a tweet ready to go. Big shout out. Big shout out."}, {"start": "00:25:31", "end": "00:25:37", "text": "Amazing team. I'm almost I had a bit of a call. I don't know what the hell it was. I have"}, {"start": "00:25:37", "end": "00:25:44", "text": "a bit but now it's almost back. Guys, let's go to Q&A questions, answers, the base discussions. Bum bum bum. Check out"}, {"start": "00:25:44", "end": "00:25:49", "text": "the link. I I don't know how many times I did you click the link yet or not. Tell me. We have all of these people"}, {"start": "00:25:49", "end": "00:25:55", "text": "watching here. Did you click the link? I I keep telling you to click the freaking link to watch the training. How many of"}, {"start": "00:25:55", "end": "00:26:02", "text": "you click the damn link? Let me know in the comment if you click the damn link. I keep educating you. I give you"}, {"start": "00:26:02", "end": "00:26:11", "text": "knowledge. I give you I keep telling you to click the link now day in and day out drinking. H have you clicked it or no?"}, {"start": "00:26:11", "end": "00:26:17", "text": "Crazy man. Crazy man. Crazy man. Then people"}, {"start": "00:26:17", "end": "00:26:24", "text": "wondering well the bull market was so bad. Obviously this is a free education. Free education"}, {"start": "00:26:24", "end": "00:26:29", "text": "guys. Let's go. Let's go. And by the way, another uh uh another good way to"}, {"start": "00:26:29", "end": "00:26:37", "text": "see this, another good way positive way to see it is that Bitcoin is in a black Friday sale. Now, uh should you buy the"}, {"start": "00:26:37", "end": "00:26:44", "text": "Black Friday sale? Um I'm not buying it because it's a bare trend. We don't buy in B in bare trend. But if you some"}, {"start": "00:26:44", "end": "00:26:50", "text": "people just DCA in bearing bull now is obviously good time to DCA if you just DCA in in bearing bull. I have a bit"}, {"start": "00:26:50", "end": "00:26:56", "text": "different strategy where 30% of my portfolio I don't touch. is is going to be up and down. You know, it's rising up"}, {"start": "00:26:56", "end": "00:27:01", "text": "and down. Uh it's long-term huddle, so I'm not touching it. But uh the 70%"}, {"start": "00:27:01", "end": "00:27:06", "text": "that's where I exit when we're bearish and uh enter when we're bullish. So I'm"}, {"start": "00:27:06", "end": "00:27:12", "text": "happy with that. But some people they're like every week, every this and that. So yeah,"}, {"start": "00:27:12", "end": "00:27:16", "text": "now is a Black Friday sale."}, {"start": "00:27:17", "end": "00:27:23", "text": "Okay, let's discuss the questions. And big shout out to Guzman for Time. Yes."}, {"start": "00:27:23", "end": "00:27:29", "text": "Will you enter a short on Bitcoin? No. So, currently not. I will later on, but currently not. Why? Because I'm waiting"}, {"start": "00:27:29", "end": "00:27:35", "text": "for the relief rally. I just want it to get over with where we go back and we retest the 50 weeks. Something like"}, {"start": "00:27:35", "end": "00:27:42", "text": "this. Okay. It will happen at some point. It will happen at some point either. Yeah. Either I mean either soon"}, {"start": "00:27:42", "end": "00:27:48", "text": "or maybe it's going to go down a bit more and then like go go and retest the 50 weeks, something like that. So, I'm"}, {"start": "00:27:48", "end": "00:27:53", "text": "just waiting for this bounce. It's going to happen at some point. the bounce to 50 week is going to happen at some"}, {"start": "00:27:53", "end": "00:27:59", "text": "point. Um at some point it will in all bare markets you have a counter trend"}, {"start": "00:27:59", "end": "00:28:04", "text": "rally. So I just want to get over that to get over with and uh yeah and then"}, {"start": "00:28:04", "end": "00:28:09", "text": "there's going to be the shorting season and it may take let's see how long it"}, {"start": "00:28:09", "end": "00:28:14", "text": "took last time. Uh let me see quickly here."}, {"start": "00:28:14", "end": "00:28:20", "text": "So last time if we look at this situation here what happened?"}, {"start": "00:28:20", "end": "00:28:25", "text": "We had the peak and then this other peak was"}, {"start": "00:28:25", "end": "00:28:32", "text": "20 weeks after. So was like"}, {"start": "00:28:32", "end": "00:28:40", "text": "20 weeks. Is it 140 days? What does it say? Anyway, 20 weeks after."}, {"start": "00:28:40", "end": "00:28:47", "text": "Is it true? Yeah. Yeah. Yeah. Uh here."}, {"start": "00:28:49", "end": "00:28:55", "text": "Okay. So if it repeats then Oh man, it can be all the way until February. Yeah, that would be quite long. Yeah, I mean"}, {"start": "00:28:55", "end": "00:29:01", "text": "if it repeats then it's going to be somewhere here, you know, somewhere here,"}, {"start": "00:29:01", "end": "00:29:08", "text": "man. It's going to be in February. Okay, let me mark it. Let me mark it. I kind of expect a bit sooner, but let me mark it."}, {"start": "00:29:09", "end": "00:29:14", "text": "Where was it? Here somewhere. Okay, let me mark it. Let's Where is the drawings"}, {"start": "00:29:14", "end": "00:29:20", "text": "here? Was on the other shirt. Anyway, uh I had some drawings here"}, {"start": "00:29:20", "end": "00:29:25", "text": "before. Maybe it was on another chart. Anyway, here um is"}, {"start": "00:29:25", "end": "00:29:28", "text": "potential"}, {"start": "00:29:32", "end": "00:29:37", "text": "bounce stop. I mean, we just draw exactly how it was in the last one. Let let me just find my other drawings"}, {"start": "00:29:37", "end": "00:29:43", "text": "because this was Let's see. Where did I draw?"}, {"start": "00:29:45", "end": "00:29:50", "text": "It wasn't here. I need to clean up my trading. Where is it open? Anyway, I"}, {"start": "00:29:50", "end": "00:29:58", "text": "have all of the freaking uh use where I did or maybe ah maybe I"}, {"start": "00:29:58", "end": "00:30:04", "text": "maybe I erased it. I I raised the drawings there. Anyway, I I'll check later on guys. Let's go to Q&A"}, {"start": "00:30:04", "end": "00:30:11", "text": "questions, answer debate. Let's go. Let's go."}, {"start": "00:30:14", "end": "00:30:21", "text": "Did you derisk the other 30%? Yeah. Now we are to uh we are at 30% now 30% hodddle. So drisking is uh is complete"}, {"start": "00:30:21", "end": "00:30:27", "text": "and now we just hodddle it. Uh basic I mean we're down to long-term huddle only"}, {"start": "00:30:27", "end": "00:30:34", "text": "does it. Yo uh anons I was waiting to de-risk on the EMA touch. It's not coming. Should I"}, {"start": "00:30:34", "end": "00:30:39", "text": "bail now? If did you didn't derisk anything? I mean it is good to derisk a"}, {"start": "00:30:39", "end": "00:30:47", "text": "bit if you don't plan if you if you do not plan to huddle and to be just all in hodler through through the cycles. Um to"}, {"start": "00:30:47", "end": "00:30:55", "text": "de-risk a bit and start lading out I think it makes sense but um obviously it's not the the best situation. Uh"}, {"start": "00:30:55", "end": "00:31:00", "text": "but it's okay. I mean it's okay if we go down to 50 60 it's okay. But I would"}, {"start": "00:31:00", "end": "00:31:07", "text": "still derisk him a bit. Um even though it's it's not ideal. Why? because uh you"}, {"start": "00:31:07", "end": "00:31:13", "text": "just feel more in control and uh the the trend is down. So yeah, likely is going"}, {"start": "00:31:13", "end": "00:31:19", "text": "to continue down. You just need to be mentally prepared that anything can happen in the market. Anything can happen including that we just pump like"}, {"start": "00:31:19", "end": "00:31:25", "text": "hell tomorrow. So you just need to be grown up enough to to accept that and"}, {"start": "00:31:25", "end": "00:31:31", "text": "then and then trust the system. For example, with a trend and that we're below 50 weeks, we may get relief rally."}, {"start": "00:31:31", "end": "00:31:37", "text": "you start de-risking and then we get relief rally which may um which may make"}, {"start": "00:31:37", "end": "00:31:42", "text": "you feel very bad. Uh so that's you you need to accept all of that and need to"}, {"start": "00:31:42", "end": "00:31:48", "text": "follow a system but also I don't know if you are in bull menu or not because if you're on your own executing on"}, {"start": "00:31:48", "end": "00:31:53", "text": "something like this is um it's not easy not easy so go and watch the video here"}, {"start": "00:31:53", "end": "00:32:00", "text": "um that's the first step and then uh uh yeah and then see from there but I would"}, {"start": "00:32:00", "end": "00:32:06", "text": "definitely derisk a bit the risk a bit but you you see it's easy to say but then reality is way harder that's that's"}, {"start": "00:32:06", "end": "00:32:12", "text": "really what we what we focus on in Bulmania. How do you make it a reality? Okay, there is. But how? Because what if"}, {"start": "00:32:12", "end": "00:32:20", "text": "it pumps tomorrow? What if? What if? What if if if we have this uh let me if Obama"}, {"start": "00:32:20", "end": "00:32:27", "text": "there is this situation with if if if Do you remember guys this song? Do you remember the song?"}, {"start": "00:32:27", "end": "00:32:37", "text": "[Music]"}, {"start": "00:32:37", "end": "00:32:44", "text": "I I we have a strategy and then everyone is like, \"Oh, but if this if if if we pump tomorrow, if we I I sold risk if if"}, {"start": "00:32:44", "end": "00:32:50", "text": "if you know, there's always a a bunch of ifs. If if if if we dump tomorrow, I didn't do risk. I I risk we pump.\""}, {"start": "00:32:50", "end": "00:32:56", "text": "There's always going to be a bunch of ifs. It's it's a it's a it's a law of nature. There's going to be a bunch of"}, {"start": "00:32:56", "end": "00:33:01", "text": "ifs because we're in an uncertain environment and we have to position ourselves in the best possible way"}, {"start": "00:33:01", "end": "00:33:07", "text": "according to uh probabilities. Probabilities remember probability probability meaning that even if you"}, {"start": "00:33:07", "end": "00:33:13", "text": "position yourself in the best way according to probabilities market may still go against you but over time if"}, {"start": "00:33:13", "end": "00:33:19", "text": "you position yourself great over time you make a lot of money. So anyway you need to watch this mechanical rules very"}, {"start": "00:33:19", "end": "00:33:24", "text": "important. Uh to answer your question I would derisk yes and uh that's it"}, {"start": "00:33:24", "end": "00:33:31", "text": "basically. It is easier said than done though."}, {"start": "00:33:35", "end": "00:33:56", "text": "I mean I mean ain't too much of [Music]"}, {"start": "00:33:58", "end": "00:34:03", "text": "Okay. Okay. Okay. But I love it. It's always like that."}, {"start": "00:34:03", "end": "00:34:09", "text": "It's always like that. But that's also where a lot of the value from Bulmania comes in because there's"}, {"start": "00:34:09", "end": "00:34:15", "text": "so many ifs. Like our mission is to explain to everyone all of the ifs. if if if this and that and have a strategy"}, {"start": "00:34:15", "end": "00:34:21", "text": "that makes sense and uh and everything is under control."}, {"start": "00:34:21", "end": "00:34:27", "text": "What do you think the bottom is? Um I mean look here when we look at the"}, {"start": "00:34:27", "end": "00:34:33", "text": "standard draw down from the top it's around 80%. Holy crap. It would actually put us at"}, {"start": "00:34:33", "end": "00:34:40", "text": "like 25. That would be crazy. Let's say we go to minus 70. That's"}, {"start": "00:34:40", "end": "00:34:48", "text": "37. 37 if we go minus 70 let's say we go minus 60 because retail wasn't even here"}, {"start": "00:34:48", "end": "00:34:53", "text": "that would be 50 so yeah I mean somewhere there I think around 50"}, {"start": "00:34:53", "end": "00:34:58", "text": "around 50 makes sense but we're not acting on price target we're acting on"}, {"start": "00:34:58", "end": "00:35:06", "text": "trend change so when trend changes that's when we act but uh yeah 50 or or"}, {"start": "00:35:06", "end": "00:35:13", "text": "if we go down 60% then it is uh sorry 60% is 50 here"}, {"start": "00:35:13", "end": "00:35:18", "text": "we go down 70 then it is 37"}, {"start": "00:35:18", "end": "00:35:25", "text": "I mean either or can happen uh there is an argument to be made that now it's going to be a bit shallower because"}, {"start": "00:35:25", "end": "00:35:32", "text": "um yeah retail was not here I think it makes sense also but ETFs were here and they're dumping like hell that they're"}, {"start": "00:35:32", "end": "00:35:38", "text": "dumping so much it's insane so the question is we have a lot of ETFs we"}, {"start": "00:35:38", "end": "00:35:43", "text": "have less retail will retail Well, did retail in the last cycles"}, {"start": "00:35:43", "end": "00:35:50", "text": "provide more or less sell pressure than the ETFs will do now? And I I don't know"}, {"start": "00:35:50", "end": "00:35:55", "text": "the answer to that question. That's why I don't know really the the bottom. I don't know the bottom. I know that the trend is going to change at some point"}, {"start": "00:35:55", "end": "00:36:00", "text": "and that's when we act. That's why we're humble, guys. You know, people try to tell you the bottom. They're not humble."}, {"start": "00:36:00", "end": "00:36:06", "text": "We are the humblest YouTube channel and that's why we're the most successful because we're very humble and most"}, {"start": "00:36:06", "end": "00:36:11", "text": "successful, but so humble because I don't know where the bottom is. No one knows. Just like we don't know where the"}, {"start": "00:36:11", "end": "00:36:17", "text": "top is. We just know that holy crap trend is changing. That's it. So, we'll see. We'll see. But one thing about the"}, {"start": "00:36:17", "end": "00:36:23", "text": "dumping. So, Gray Scale, they're dumping a lot. They were dumping a lot. Um"}, {"start": "00:36:23", "end": "00:36:30", "text": "440,000 Bitcoin liquid% of their crypto holders all. Yeah. So, something is"}, {"start": "00:36:30", "end": "00:36:37", "text": "happening with them. Then uh of course the treasury companies, the ETFs"}, {"start": "00:36:37", "end": "00:36:43", "text": "there is a lot of outlaw that's going to be that's going to happen. U the question is is that outlaw going to be"}, {"start": "00:36:43", "end": "00:36:48", "text": "bigger than normally retails are dumping in a bare market. That's the question"}, {"start": "00:36:48", "end": "00:36:55", "text": "and I don't think it's that straightforward. Some people are saying it's so straightforward it's going to build this thing is going to be less. But the way these ETFs are dumping, man,"}, {"start": "00:36:55", "end": "00:37:01", "text": "I mean, the way the the aggressiveness, the aggressiveness they're they're"}, {"start": "00:37:01", "end": "00:37:09", "text": "dumping, it's uh I I don't know. They're dumping a lot. They're dumping quite a lot. So, and unless this changes, I"}, {"start": "00:37:09", "end": "00:37:15", "text": "don't think it's that big of a difference between ETF and retail dumping. I mean, you see yourself"}, {"start": "00:37:15", "end": "00:37:21", "text": "because whatever ETFs bought, they can sell. So, that's that's what's happening now. It's not forever huddle. People"}, {"start": "00:37:21", "end": "00:37:27", "text": "said institution is going to huddle forever. I mean, we're not we're not seeing that. We're seeing massive massive outflow. Literally a billion a"}, {"start": "00:37:27", "end": "00:37:34", "text": "day yesterday. Here was also a billion. Here was small inflow like small inflow."}, {"start": "00:37:34", "end": "00:37:40", "text": "Instantly canceled out by another billion out. So, let's see, guys. We don't have to worry too much about that."}, {"start": "00:37:40", "end": "00:37:49", "text": "I don't know where the bottom is. Um I know when the trend is going to change and that's it. Yeah, that's easy. Easy."}, {"start": "00:37:50", "end": "00:37:56", "text": "Trey 135K in Q1. I mean, I'm I'm all for that. I'm all for that. Let's go."}, {"start": "00:37:56", "end": "00:38:00", "text": "Let's go. Let's go."}, {"start": "00:38:02", "end": "00:38:10", "text": "Any comments on it's it's a shitcoin or it's a stock. Listen,"}, {"start": "00:38:10", "end": "00:38:16", "text": "some kind of shitcoin. I I don't know, man. I don't know. No comment. Don't Don't ask about shitcoin now. I"}, {"start": "00:38:16", "end": "00:38:22", "text": "mean, we're focusing on Bitcoin. Then some shitcoin here pumps this and that. It's um"}, {"start": "00:38:22", "end": "00:38:29", "text": "uh if you ask about stock is different for example why why don't you ask me about caterpillar"}, {"start": "00:38:29", "end": "00:38:35", "text": "why don't you ask about caterpillar because this thing is a freaking rocket okay ask me about caterpillar instead"}, {"start": "00:38:35", "end": "00:38:43", "text": "don't ask me about this [ __ ] I want to only hear about the digging machines okay have you seen the digging machine"}, {"start": "00:38:43", "end": "00:38:50", "text": "okay this is a bull trend this this is a massive bull trend right here let me zoom in on it this is a bull trend"}, {"start": "00:38:50", "end": "00:38:56", "text": "Caterpillar map. Okay, ask me about Caterpillar because this thing went up a lot. Ask me about SanDisk. You know"}, {"start": "00:38:56", "end": "00:39:02", "text": "Sandisk, you know the boomer, you know you buy SD card. Did you buy SD card?"}, {"start": "00:39:02", "end": "00:39:09", "text": "This a it tra like a shitcoin. But but at least it pumps. Your [ __ ] does not pump. This thing did 900%. Holy crap."}, {"start": "00:39:09", "end": "00:39:14", "text": "Yes, it went down, but it went up. It's a freaking It's a freaking SD card. Yo"}, {"start": "00:39:14", "end": "00:39:19", "text": "Maro, Maro, Maro, you work in the before you worked in the computer repair shop."}, {"start": "00:39:19", "end": "00:39:26", "text": "Then you know SanDisk customer comes to you, he needs SD card, you give him SanDisk, right? Look at the freaking"}, {"start": "00:39:26", "end": "00:39:32", "text": "stock. Okay, and we are adding stocks. Let me see if we added more stocks now"}, {"start": "00:39:32", "end": "00:39:39", "text": "or not yet. Okay, not yet. But it's coming. More are coming soon. We're going to have like 6,000 stocks in our"}, {"start": "00:39:39", "end": "00:39:45", "text": "uh in our Bull Mania money scanner. Sandis is main. Exactly. Exactly. See,"}, {"start": "00:39:45", "end": "00:39:52", "text": "show about SanDisk, not your shitcoin. You're trying to show me that guy."}, {"start": "00:39:54", "end": "00:39:59", "text": "By the way, I I think that the stock market now, it's kind of like crypto market. Like, it's so volatile. It's"}, {"start": "00:39:59", "end": "00:40:05", "text": "insane. It's insane. It's also nice because here you can basically get the"}, {"start": "00:40:05", "end": "00:40:11", "text": "same volatility now, but these things are are not scams."}, {"start": "00:40:11", "end": "00:40:16", "text": "But you you'll get uh"}, {"start": "00:40:17", "end": "00:40:24", "text": "here here I mean a lot of [ __ ] I know it's kind of scams but the the way that"}, {"start": "00:40:24", "end": "00:40:29", "text": "stons are moving man the way that stons are moving so strong moves very strong"}, {"start": "00:40:29", "end": "00:40:34", "text": "moves and these things are actually known scams look at Nvidia did like just"}, {"start": "00:40:34", "end": "00:40:40", "text": "since this bottom here it did 144% like since you know since June okay this is"}, {"start": "00:40:40", "end": "00:40:46", "text": "Nvidia you know the biggest freaking company in the world. So I see it actually as a good thing"}, {"start": "00:40:46", "end": "00:40:52", "text": "because we want to trade things that move and in the past stocks were not that volatile. Something has happened"}, {"start": "00:40:52", "end": "00:40:59", "text": "with the entire like investing space. Maybe it just got more dig with time but everything is"}, {"start": "00:40:59", "end": "00:41:05", "text": "kind of crypto now. Everything is trading like crypto. Everything is all everything is like old season. Okay."}, {"start": "00:41:05", "end": "00:41:11", "text": "Everything is like old season. Nvidia look I mean all these boomers so man they're they're pumping like like hell"}, {"start": "00:41:11", "end": "00:41:17", "text": "like hell what else has pumped even Microsoft man you use Microsoft word"}, {"start": "00:41:17", "end": "00:41:23", "text": "well this thing pumped uh 61% since this low right here like how many coins did"}, {"start": "00:41:23", "end": "00:41:28", "text": "that since uh since June this year how many coins your favorite coin did that I"}, {"start": "00:41:28", "end": "00:41:34", "text": "I don't know man I don't think so it did that did dot do that did atom do that no"}, {"start": "00:41:34", "end": "00:41:39", "text": "okay so I see it also as a positive thing because we have a lot of things to trade here. We have a lot of things to"}, {"start": "00:41:39", "end": "00:41:46", "text": "trade. That's why in bullman we have the strong channel and all that. So yeah, fantastic. Fantastic."}, {"start": "00:41:55", "end": "00:42:01", "text": "I mean, do you see a possibility of a faster bull market comeback if we if we would see a fast and drastic decline?"}, {"start": "00:42:01", "end": "00:42:07", "text": "Um, I mean, it may happen. It's a A fast decline is good. I mean, I think it's"}, {"start": "00:42:07", "end": "00:42:14", "text": "good that we're dumping fast. It's actually good for the bull market is good for the bull market come back. You know, we're already at 83, you know, and"}, {"start": "00:42:14", "end": "00:42:19", "text": "and three more of these candles, we're at 50, you know, it's like 10k candles"}, {"start": "00:42:19", "end": "00:42:24", "text": "here. A few more of these candles, we're going to be at 50 already. If we could just do a three more weeks like this."}, {"start": "00:42:24", "end": "00:42:31", "text": "So, that's one argument. The opposite argument is that because"}, {"start": "00:42:31", "end": "00:42:39", "text": "here's what we for bull market to come back we need all of the sell pressure to be gone to be gone. Okay. So the counter"}, {"start": "00:42:39", "end": "00:42:45", "text": "argument that uh I see is that a lot of these treasuries they have so much to dump like that's the only thing they and"}, {"start": "00:42:45", "end": "00:42:52", "text": "they are dumping. They have so much to dump. So yeah it's it's one of these things which is it's too unclear. So I"}, {"start": "00:42:52", "end": "00:42:57", "text": "don't know we just follow the trend. Yes it's good. Normally it's good when you dump fast it's good. It's good. then you"}, {"start": "00:42:57", "end": "00:43:04", "text": "can recover fast is good. If you have slow bleed is going to be a proper one-year cycle if it's slow bleed. So"}, {"start": "00:43:04", "end": "00:43:10", "text": "you don't want slow bleed normally. You want fast dis destruction"}, {"start": "00:43:10", "end": "00:43:16", "text": "and uh yeah the the only issue is if this ETFs and the treasury companies are going to slow"}, {"start": "00:43:16", "end": "00:43:23", "text": "bleed their stack for quarters that's not good. So let's see what they do. If they if they if we see a fast dump and"}, {"start": "00:43:23", "end": "00:43:30", "text": "then as we go up they stop selling then yes then u maybe it can be fast but uh"}, {"start": "00:43:30", "end": "00:43:36", "text": "they have a lot to sell that's the only problem they they have a lot to sell so everything will depend on that and uh"}, {"start": "00:43:36", "end": "00:43:42", "text": "it's impossible to say here how they going to think what they what is the discussions in the boardrooms but we"}, {"start": "00:43:42", "end": "00:43:50", "text": "know the price if they dump we're going to see it in the price if they don't dump so we just look at the price standard standard standard"}, {"start": "00:43:51", "end": "00:43:58", "text": "Um don't don't bet your trading strategy on how fast we dump. Like if that's your whole strategy, your whole opium that we"}, {"start": "00:43:58", "end": "00:44:04", "text": "dump fast so we're going to go up. Don't do that, man. Don't do that. Uh maybe we dump fast now and then we slow bleed to"}, {"start": "00:44:04", "end": "00:44:10", "text": "50k. Maybe we dump fast now and then, you know, now we slow bleed. Who know? Like anything can happen. So now is not"}, {"start": "00:44:10", "end": "00:44:18", "text": "the time to really be trading too much. Uh just, you know, sit back, relax, let this thing figure itself out. It has a"}, {"start": "00:44:18", "end": "00:44:23", "text": "lot of figuring out to do. It's quite sharp down now. U normally a bottom"}, {"start": "00:44:23", "end": "00:44:29", "text": "needs to be a bit of a a bit of uh of sideways bit of uh accumulation."}, {"start": "00:44:29", "end": "00:44:35", "text": "We just gone through this distribution phase here. We're dumping. So it needs to be a bit of accumulation. A bit these"}, {"start": "00:44:35", "end": "00:44:42", "text": "things are not fast guys. Normally it's not fast. Look at the last one. Like you know we need to you know fast dump and"}, {"start": "00:44:42", "end": "00:44:49", "text": "then a bit of bum bum bum bum bum. A bit of accumulation bum something like this. How long this took?"}, {"start": "00:44:49", "end": "00:44:58", "text": "This took like 21 weeks, like three months of and then we had a final scam uh dump and a bit of"}, {"start": "00:44:58", "end": "00:45:05", "text": "accumulation. Bum bum bum bum bum and then it came back. So I would say basically everything here like from here"}, {"start": "00:45:05", "end": "00:45:13", "text": "to here was this accumul uh scraping the bottom here after a long"}, {"start": "00:45:13", "end": "00:45:19", "text": "bar. So 30 weeks how much man that's like half a year. Oh, holy crap. It's more than half a year. So, yeah. Uh,"}, {"start": "00:45:19", "end": "00:45:24", "text": "this is not fast, guys. I I don't want to tell you it's fast. Normally, it's you need the accumulation to happen."}, {"start": "00:45:24", "end": "00:45:31", "text": "Every everyone given up. You've given up. You sold everything. You s Okay, everyone, let's pump a bit. Oh, you want to sell more? Okay, let's go down. You"}, {"start": "00:45:31", "end": "00:45:36", "text": "sold. Okay, someone I mean, that's how the market works. That's how the market works. basically"}, {"start": "00:45:36", "end": "00:45:42", "text": "asks the chart asks everyone, \"You want to sell?\" And then market goes up a bit"}, {"start": "00:45:42", "end": "00:45:47", "text": "and then we get the answer because if they if those that still have the coins, if they see the market pump as a way to"}, {"start": "00:45:47", "end": "00:45:53", "text": "derisk, dump even more, then we we we're still in accumulation. We're still in"}, {"start": "00:45:53", "end": "00:45:58", "text": "Yeah, we're still in that bottom formation. So yeah,"}, {"start": "00:45:58", "end": "00:46:05", "text": "that's uh that's how it normally is. So let's see, guys. Let's see. Now is not the time to make any drastic move. Just sit back, relax. is going down quickly"}, {"start": "00:46:05", "end": "00:46:14", "text": "and uh until further out uh we just look at it"}, {"start": "00:46:15", "end": "00:46:21", "text": "institutions are lining up to give us perfect exit for tax season."}, {"start": "00:46:21", "end": "00:46:27", "text": "Well, you can think that exactly it's down now so you have less tax."}, {"start": "00:46:27", "end": "00:46:33", "text": "If you only have positive mindset, you don't get money, but also the tax man doesn't get money and they're going"}, {"start": "00:46:33", "end": "00:46:39", "text": "to waste it anyway. So, giving them money is actually bad. Uh it's like giving giving money to a to an uh to an"}, {"start": "00:46:39", "end": "00:46:46", "text": "addict, you know, they're going to mess it up anyway. So, uh that's that's how it is when you give money to tax. I"}, {"start": "00:46:46", "end": "00:46:52", "text": "don't know what else they do. They don't do anything good with it. Um mic is a bit low. Okay. Check check"}, {"start": "00:46:52", "end": "00:46:59", "text": "check. Yeah, I need to speak loud loud loud otherwise I get below the the this like no noise reduction. I need to speak"}, {"start": "00:46:59", "end": "00:47:05", "text": "loud and clear otherwise I'm uh this system treats me as uh noise. Okay. Uh"}, {"start": "00:47:05", "end": "00:47:11", "text": "so that's true. Sometimes I forget ex-wife gets less money. Exactly."}, {"start": "00:47:11", "end": "00:47:16", "text": "Exactly. That that's what you think about guys. That's it. Thanks a lot for being"}, {"start": "00:47:16", "end": "00:47:24", "text": "here. Big shout out to Guzman for timestamping us. Fantastic. Enjoy your"}, {"start": "00:47:24", "end": "00:47:29", "text": "Friday. Enjoy your uh weekend. We have a"}, {"start": "00:47:29", "end": "00:47:34", "text": "private live stream for Bullmania Pro in uh how many hours? Like four hours or"}, {"start": "00:47:34", "end": "00:47:40", "text": "so. Guys, enjoy. Have a good day and goodbye, guys. Goodbye. Goodbye. Goodbye. Smash the like. Click the damn"}, {"start": "00:47:40", "end": "00:47:44", "text": "link and see you all very very"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Oh yes, oh yes, oh yes, oh yes. Guys, welcome to another episode. And as you guys can see right now, Bitcoin is at"}, {"start": "00:00:05", "end": "00:00:11", "text": "$92,000. We did go all the way to 88 yesterday."}, {"start": "00:00:11", "end": "00:00:16", "text": "Yesterday was crazy. 88. Now we're kind of having a bounce back to 92. And we"}, {"start": "00:00:16", "end": "00:00:22", "text": "have to discuss a very very important step in the market. And that's that when"}, {"start": "00:00:22", "end": "00:00:28", "text": "you have the start of a new bare trend, a macro bear trend, there is always a relief rally. Always, always, always,"}, {"start": "00:00:28", "end": "00:00:34", "text": "always. And you have to understand what the relief rally is because I just tweeted about that Bitcoin will likely"}, {"start": "00:00:34", "end": "00:00:40", "text": "have a relief rally and some guy is always there, Ivan, but you were bullish yesterday. Why? Wait, sorry, you were"}, {"start": "00:00:40", "end": "00:00:46", "text": "bearish yesterday. He's saying you were bearish yesterday. How can you be bullish today? Listen, what does relief rally mean?"}, {"start": "00:00:46", "end": "00:00:53", "text": "Relief rally means a counter trend rally within a bigger trend. So if it is the"}, {"start": "00:00:53", "end": "00:01:00", "text": "case that we have a bearish macro trend, a relief rally would mean a short rally"}, {"start": "00:01:00", "end": "00:01:08", "text": "to some kind of significant level where it gets rejected. For example, if we look back at the last bear right here,"}, {"start": "00:01:08", "end": "00:01:14", "text": "you did see that we uh fell below the the 50 moving average. Then we rallied"}, {"start": "00:01:14", "end": "00:01:21", "text": "into it. This is the relief rally. Okay, relief rally and then bam gets rejected. So this is the next logical step for the"}, {"start": "00:01:21", "end": "00:01:28", "text": "market if it is to be anything like normal normal bare markets the start of normal bare market that there is some"}, {"start": "00:01:28", "end": "00:01:34", "text": "kind of right now whether it happens now whether it happens uh next week or in a few weeks let's see but likely we will"}, {"start": "00:01:34", "end": "00:01:41", "text": "come back and touch the the 50we u uh moving average. Now also also another"}, {"start": "00:01:41", "end": "00:01:47", "text": "significant level that we may go back and touch is even the the 200 day moving"}, {"start": "00:01:47", "end": "00:01:53", "text": "average which is the the blue one. So all of these rallies towards either 50 week where we may get rejected if we"}, {"start": "00:01:53", "end": "00:01:58", "text": "don't get rejected we may even go to the 200 day moving average uh they would"}, {"start": "00:01:58", "end": "00:02:04", "text": "still be counted as relief rally if uh we get rejected from them. Very"}, {"start": "00:02:04", "end": "00:02:10", "text": "important to realize and this is exactly also what happened. I mean you look back you you see here as well here the 50"}, {"start": "00:02:10", "end": "00:02:18", "text": "week and the 200 day were basically the same price. Today they are different. So 50 week is a bit lower at around 100k"}, {"start": "00:02:18", "end": "00:02:26", "text": "and the 200 day is at 110. So either of them if we get to 100k and get rejected"}, {"start": "00:02:26", "end": "00:02:34", "text": "wouldn't surprise me because of the 50we moving average uh and rejection of that and the 200 days at around 110. Okay"}, {"start": "00:02:34", "end": "00:02:40", "text": "very important. Will I be trading any of this? No, because I'm not in a position where I have to, you know, derisk even"}, {"start": "00:02:40", "end": "00:02:47", "text": "more. We have a plan where we start to de-risk from 120 around 126 all the way"}, {"start": "00:02:47", "end": "00:02:54", "text": "down uh to uh 50we moving average since we broke the the 50 moving average. Uh"}, {"start": "00:02:54", "end": "00:03:00", "text": "I've derisked even more and soon I'm at my target of approximately 30% in the market and that will be in the market"}, {"start": "00:03:00", "end": "00:03:05", "text": "through the bare market and and it's the long-term huddle basically. It's the long-term huddle. So this is mainly for"}, {"start": "00:03:05", "end": "00:03:12", "text": "people who are maybe trapped. Uh they didn't understand that hey actually this uh fake out here is not good and you're"}, {"start": "00:03:12", "end": "00:03:18", "text": "fully trapped. Your altcoins down everything down you haven't drist. Normally this rally is like a chance to"}, {"start": "00:03:18", "end": "00:03:25", "text": "uh to derisk. Could they turn into a new bull that goes all the way to a million dollars? We will notice that if we go"}, {"start": "00:03:25", "end": "00:03:31", "text": "above 122. Okay. If we go back into bull trend on the weekly then it's not a"}, {"start": "00:03:31", "end": "00:03:36", "text": "relief rally. Then maybe it's a real rally. Maybe it's a real rally and that's that's the signal for us to uh to"}, {"start": "00:03:36", "end": "00:03:42", "text": "uh to to to acknowledge that uh up until then uh going to 50 week getting"}, {"start": "00:03:42", "end": "00:03:49", "text": "rejected would be standard. It would be classic classic or going to the 200 day moving average also would be classic"}, {"start": "00:03:49", "end": "00:03:55", "text": "classic and this one is quite high. I mean this this cycle is quite high at one uh 110. So that's that. But"}, {"start": "00:03:55", "end": "00:04:03", "text": "understand what relief rally is but it blows my mind. Where is this guy? Let me find this guy. He's like but you were bearish. Exactly."}, {"start": "00:04:03", "end": "00:04:10", "text": "I tweeted, \"We're going to have relief rally.\" Well, you were bearish yesterday. Ask AI. I told him ask AI"}, {"start": "00:04:10", "end": "00:04:16", "text": "what relief rally. Crazy crazy crazy. Hey guys, welcome everyone. Actually, what we need to"}, {"start": "00:04:16", "end": "00:04:22", "text": "understand now is that there is there is a big news happening this week uh which"}, {"start": "00:04:22", "end": "00:04:30", "text": "probably will cause a bit of volatility. We have the job report from September coming out. Now if the jobs are weak, if"}, {"start": "00:04:30", "end": "00:04:37", "text": "September jobs are weak, uh Powell will have to cut, man, he will have to cut cut. So markets normally do better when"}, {"start": "00:04:37", "end": "00:04:44", "text": "the jobs are weak because then the the Fed can stimulate. Let's see if they're weak or not. And then the October,"}, {"start": "00:04:44", "end": "00:04:49", "text": "what's interesting here is that the October numbers will not come out because they didn't have time to measure"}, {"start": "00:04:49", "end": "00:04:55", "text": "them with the lockdown, with the government shutdown and all of that. So the October numbers, they will not come"}, {"start": "00:04:55", "end": "00:05:02", "text": "out. instead both October and November numbers will come out in December after"}, {"start": "00:05:02", "end": "00:05:09", "text": "the FOMC in December. So FOMC will be in December. I don't know what day like is it 10th or whatever. But the job numbers"}, {"start": "00:05:09", "end": "00:05:14", "text": "for October and November will be after that. That's why the probability of a"}, {"start": "00:05:14", "end": "00:05:21", "text": "rate cut in December has decreased because the market is betting that Pabble will not cut because it doesn't"}, {"start": "00:05:21", "end": "00:05:26", "text": "have October numbers and he will use that as an excuse to not cut. So let's"}, {"start": "00:05:26", "end": "00:05:32", "text": "see what September numbers say. But in terms of getting a cut in um in December"}, {"start": "00:05:32", "end": "00:05:37", "text": "uh basically within yeah two three weeks uh Powell may have the excuse that he"}, {"start": "00:05:37", "end": "00:05:42", "text": "doesn't have the October numbers. Uh let's see now in 2026"}, {"start": "00:05:42", "end": "00:05:48", "text": "we will have a reshuffleling of the market in a big big way. I want to discuss that because we know now"}, {"start": "00:05:48", "end": "00:05:56", "text": "approximately who is going to be the next Fed chair. That's why personally I am I would say I'm moderately maybe even"}, {"start": "00:05:56", "end": "00:06:03", "text": "very much excited for Bitcoin to revisit maybe 60 maybe 50 before"}, {"start": "00:06:03", "end": "00:06:09", "text": "the Fed is changed so that we can buy cheap with big big big big big big big"}, {"start": "00:06:09", "end": "00:06:15", "text": "big big allocations and then we write the next um the next uh market the next"}, {"start": "00:06:15", "end": "00:06:21", "text": "bull market when the the bare trend flips into bull because there's a lot that will happen. There's a lot a lot a"}, {"start": "00:06:21", "end": "00:06:26", "text": "lot that will happen and we will be discussing that and this is so important to use this bare market to prepare to"}, {"start": "00:06:26", "end": "00:06:34", "text": "prepare mentally how to ride the next bull market just like here we bought when bullish we reacted very well I mean"}, {"start": "00:06:34", "end": "00:06:40", "text": "exactly at the top basically we start to derisk and uh this is I mean I would say this is textbook the way we've executed"}, {"start": "00:06:40", "end": "00:06:46", "text": "this is textbook many people say that this bull market was so bad it was the worst this and that I mean if you if you"}, {"start": "00:06:46", "end": "00:06:52", "text": "held bearish assets in a bare trend I can understand that But to look at Bitcoin and say that it has not been"}, {"start": "00:06:52", "end": "00:06:59", "text": "performing, it would be wrong or altcoins that I mean Solana went from $8 to $300 uh as an example. So there are"}, {"start": "00:06:59", "end": "00:07:05", "text": "many many things that have been fantastic. This bull market and next bull market I think is going to be the"}, {"start": "00:07:05", "end": "00:07:11", "text": "biggest one. Why? Because we will be entering the end game. It's going to be the endgame for crypto where many many"}, {"start": "00:07:11", "end": "00:07:18", "text": "countries will have Bitcoin on the balance sheet in the uh in the reserve. will will have Bitcoin at the adoption"}, {"start": "00:07:18", "end": "00:07:24", "text": "rate which was envisioned by Satoshi at the very beginning where most countries most central banks will have Bitcoin."}, {"start": "00:07:24", "end": "00:07:32", "text": "We're heading towards that endgame and that's going to start in 2026. And of course it's very important to not waste"}, {"start": "00:07:32", "end": "00:07:39", "text": "the bare market. You have to educate yourself. Click the link below, watch the free training about how to prepare"}, {"start": "00:07:39", "end": "00:07:45", "text": "in the bare market using the mechanical rules. You need to get good at this basic stuff. For example, consistently"}, {"start": "00:07:45", "end": "00:07:51", "text": "doing trades which are positive. You don't have to make like a million bucks, but you have to at least in the bare"}, {"start": "00:07:51", "end": "00:07:56", "text": "market, you can practice a lot. Do trades where you make more than you than you risk. This is the key. This is what"}, {"start": "00:07:56", "end": "00:08:02", "text": "the mechanical rules teach you. So, click the link below and uh watch this free trading because we we talk about it"}, {"start": "00:08:02", "end": "00:08:09", "text": "at length at length at length at length. Mechanical rules that ensure that you have a lot of uh uh a lot of ways to"}, {"start": "00:08:09", "end": "00:08:15", "text": "profit from whatever market even if it goes down. Anyway, welcome everyone who is watching live. Big big shout out to"}, {"start": "00:08:15", "end": "00:08:20", "text": "who? To Guzman who is watching us. Uh who is who is timeing us. I see the chat"}, {"start": "00:08:20", "end": "00:08:26", "text": "rolling. Smash up the like as soon as soon as soon as possible. Uh subscribe to the channel if you haven't yet. If"}, {"start": "00:08:26", "end": "00:08:32", "text": "you haven't yet, very very important. Let me know how you're doing this uh Thursday, man. Thursday. Time really"}, {"start": "00:08:32", "end": "00:08:38", "text": "really flies. And let me know what your plan is for the for the bear because the bear I think it's going to be"}, {"start": "00:08:38", "end": "00:08:44", "text": "monumental. We are entering winter wonderland. uh is great. Some people see winter as a bad thing, but you can see"}, {"start": "00:08:44", "end": "00:08:52", "text": "it as a good thing. It is a winter wonderland. And most importantly, you get Bitcoin cheap. I mean, if Bitcoin goes to 60K, 50K, man, it's a it's a"}, {"start": "00:08:52", "end": "00:08:58", "text": "gift from heaven. So, even the even this is a green. It's a gift from heaven. It"}, {"start": "00:08:58", "end": "00:09:03", "text": "would be it would be very very nice. Not only from the price perspective, but from a"}, {"start": "00:09:03", "end": "00:09:10", "text": "setup perspective. This is maybe why I like the bare markets the most because it's it's the setups. I love lowrisk"}, {"start": "00:09:10", "end": "00:09:16", "text": "setups. I don't like high-risisk setup. No, you buy something in the in the raging bull at the late of the cycle at"}, {"start": "00:09:16", "end": "00:09:23", "text": "the late stage of the cycle. From a riskreward perspective, it's just worse. I really really long for this lowrisk"}, {"start": "00:09:23", "end": "00:09:28", "text": "setups just like in January 2023. It was so nice, man. It was so nice. I mean,"}, {"start": "00:09:28", "end": "00:09:35", "text": "you remember here we were we were buying. We weren't even hesitating like zero hesitation. Zero because you had"}, {"start": "00:09:35", "end": "00:09:40", "text": "massive bear. Now, finally bull trend is zero hesitation. I mean this is the best"}, {"start": "00:09:40", "end": "00:09:45", "text": "when you buy and you understand that from a risk perspective there is nothing"}, {"start": "00:09:45", "end": "00:09:52", "text": "nothing nothing nothing nothing nothing that is uh that is better than that. So that's very very important. Now what's"}, {"start": "00:09:52", "end": "00:09:59", "text": "key also is to look at the also they will likely have a relief rally also uh"}, {"start": "00:09:59", "end": "00:10:06", "text": "when it comes to sol when it comes to them any relief rally it is to derisk within a bitcoin bare trend any relief"}, {"start": "00:10:06", "end": "00:10:12", "text": "rally they are for de-risking okay uh until bitcoin is back into bull mode you"}, {"start": "00:10:12", "end": "00:10:18", "text": "need to understand that it's all about using the rally for de-risking not getting convinced that the bull market"}, {"start": "00:10:18", "end": "00:10:24", "text": "is back from out of out of nowhere although I mean, everyone in the position if you if you're underwater,"}, {"start": "00:10:24", "end": "00:10:30", "text": "you want the bull market to to be back. Uh, I've been many times in that in that position since 2013. I've been many"}, {"start": "00:10:30", "end": "00:10:36", "text": "times in the position where I see technically that uh all all of the different indicators I have, they're not"}, {"start": "00:10:36", "end": "00:10:42", "text": "they're pointing to bearish, but uh I still needed to go up. So, I beg and pray and then relief rally comes. I"}, {"start": "00:10:42", "end": "00:10:50", "text": "start believing that it is a new bull market because that's how I feel the best. I feel the best if I believe."}, {"start": "00:10:50", "end": "00:10:56", "text": "Of course, we get rejected, but uh after a while, you get so used to getting wrecked, you kind of stop opening"}, {"start": "00:10:56", "end": "00:11:01", "text": "portfolio. You stop checking in on the market. And it's very bad. Like that that behavior is very bad because it's"}, {"start": "00:11:01", "end": "00:11:08", "text": "basically capitulating and um uh and not taking responsibility is being irresponsible by simply"}, {"start": "00:11:08", "end": "00:11:14", "text": "shutting off because it's painful to check portfolio because the relief rally was not a new bull market. So, it's very"}, {"start": "00:11:14", "end": "00:11:19", "text": "important and very important that whatever you do, you stay in crypto. whatever you do, you're here and um"}, {"start": "00:11:19", "end": "00:11:24", "text": "yeah, you're you're with us. So anyways, that's that. Uh moving on, let's check"}, {"start": "00:11:24", "end": "00:11:31", "text": "some other commentators. So you have Bob Lucas coming out saying, \"Bitcoin has been crushed technical. Well,"}, {"start": "00:11:31", "end": "00:11:38", "text": "technically when it comes to the chart and sentimentally, sentiment is quite crushed as well. Uh it's time for a"}, {"start": "00:11:38", "end": "00:11:44", "text": "strong rally. Strong rally, but one that is likely to fail by January.\" So basically what we're saying as well with"}, {"start": "00:11:44", "end": "00:11:51", "text": "the relief rally, you normally have relief rally. Okay. Uh normally you have relief rally. So the the the question is"}, {"start": "00:11:51", "end": "00:11:56", "text": "more the question is not whether we have it or not. The question is more how we position how position based on that"}, {"start": "00:11:56", "end": "00:12:02", "text": "plebe null market. They're going to think that it's"}, {"start": "00:12:02", "end": "00:12:09", "text": "uh that that we're fully fully back. Uh if you are more professional, you're more responsible. You see it as a"}, {"start": "00:12:09", "end": "00:12:15", "text": "de-risisking derisking situation. Benjamin Cohen says similar final confirmation of a bare market is usually"}, {"start": "00:12:15", "end": "00:12:22", "text": "a dead cut bounce to the 200 day moving average usually within a few months from the peak. Exactly. So 50 week we"}, {"start": "00:12:22", "end": "00:12:28", "text": "discussed the 50 week it worked exact exact exact uh last cycle the 50 week"}, {"start": "00:12:28", "end": "00:12:34", "text": "you can also use 200 day although the gap between 50 week and 200 day is quite big this this time around. Uh so either"}, {"start": "00:12:34", "end": "00:12:42", "text": "of them could get could be rejection points. Uh but but but it is the market we have. Like Ben"}, {"start": "00:12:42", "end": "00:12:48", "text": "says, trade the market you have, not the market you want. It's very true actually. Very true. Uh very very true."}, {"start": "00:12:48", "end": "00:12:54", "text": "Now that's that. Uh there will be bullish. I I will give you a bit of bullish. Uh mm crypto. Big shout out to"}, {"start": "00:12:54", "end": "00:13:00", "text": "Chris saying during this dumps, you'll see a lot of people screaming bottom is in all the time. This is uh like making"}, {"start": "00:13:00", "end": "00:13:05", "text": "a lot a lot of lottery tickets. This is like making a lot of lottery. Yeah. like"}, {"start": "00:13:05", "end": "00:13:12", "text": "buying a a bunch of lottery tickets hoping for one to hit. Just lean back, relax, and let the Bitcoin bottom come"}, {"start": "00:13:12", "end": "00:13:20", "text": "to you. Exactly. Let the bottom into your life. Let it come organically."}, {"start": "00:13:20", "end": "00:13:26", "text": "Let it come naturally. Let it come naturally. Fully"}, {"start": "00:13:26", "end": "00:13:32", "text": "natural. How do we know if the bottom has happened? How do we know? Very"}, {"start": "00:13:32", "end": "00:13:39", "text": "simple. If we go above 122, likely it is bottom. Likely it is bottom."}, {"start": "00:13:39", "end": "00:13:45", "text": "Some people of course they they want to be exact here. They they want to say okay 92 is bottom here. You don't know."}, {"start": "00:13:45", "end": "00:13:50", "text": "You just see that the trend is down. Any kind of bounce within this even to 200"}, {"start": "00:13:50", "end": "00:13:56", "text": "day like this could still be within the the bare trend. You need a true bull"}, {"start": "00:13:56", "end": "00:14:01", "text": "trend coming back and that will not happen until 122. So have this mindset"}, {"start": "00:14:01", "end": "00:14:07", "text": "that you want the bottom to come to you. We want it to invi to be invited into"}, {"start": "00:14:07", "end": "00:14:12", "text": "our lives. Okay? Currently it's not. Now look at the institutions. Institutions"}, {"start": "00:14:12", "end": "00:14:19", "text": "dumping like a m like mfers, you know, like mfers. They're dumping like mfers. Coin institution have been selling for"}, {"start": "00:14:19", "end": "00:14:24", "text": "19 days straight now. No real real bounce until this recovers. The only"}, {"start": "00:14:24", "end": "00:14:29", "text": "light I see is that the ETF actually got a bit on a bit of inflow yesterday. 75"}, {"start": "00:14:29", "end": "00:14:37", "text": "million got in yesterday. Okay, very important. And uh potentially it's good."}, {"start": "00:14:37", "end": "00:14:42", "text": "Let's see. They have so much outflow but at least some inflow uh today to"}, {"start": "00:14:42", "end": "00:14:48", "text": "yesterday. Uh but yeah very small very very small in comparison to all of the outflow. Bam bam bam. So ETF basically"}, {"start": "00:14:48", "end": "00:14:54", "text": "they were big buy pressure but now they are equally big sell pressure. What comes out what comes in needs to come"}, {"start": "00:14:54", "end": "00:15:00", "text": "out. Okay. Calorie in calorie out. Some people may"}, {"start": "00:15:00", "end": "00:15:06", "text": "say uh whatever whatever analogy you want to use it it is true. Whatever has come in is coming out now in big big"}, {"start": "00:15:06", "end": "00:15:13", "text": "way. Uh but but all in all the trend is still red here until we start seeing days. You don't see history here but you"}, {"start": "00:15:13", "end": "00:15:18", "text": "remember before it was like days 200 million 200 31 100 it was day after day"}, {"start": "00:15:18", "end": "00:15:24", "text": "after day inflow. Here it's uh mainly outflow and then sometimes a bit of"}, {"start": "00:15:24", "end": "00:15:31", "text": "inflow. So yeah, until this changes, this narrative that institutions are buying, I don't know, guys. Uh where"}, {"start": "00:15:31", "end": "00:15:37", "text": "where are they buying? Maybe I missed it. Where are they buying? There is this guy that is saying it all the time. Let"}, {"start": "00:15:37", "end": "00:15:44", "text": "me see if I can find him here. Big shout by the way to this guy, founder and CEO of CryptoQuant. He's"}, {"start": "00:15:44", "end": "00:15:50", "text": "saying that there is fresh capital inflow like where he's he's seeing it on chain somewhere on chain. He says there"}, {"start": "00:15:50", "end": "00:15:58", "text": "is capital inflow, but ETF there's no capital inflow. There's outflow. There's outflow. Somewhere on the chain. He sees"}, {"start": "00:15:58", "end": "00:16:04", "text": "inflow. But um I'm a bit uh yeah, I'm taking the chain with a bit of salt because you never know on the chain"}, {"start": "00:16:04", "end": "00:16:10", "text": "what's happening. You never know. People saw micro strategy moving funds. They said that they're selling but they're"}, {"start": "00:16:10", "end": "00:16:18", "text": "just moving. So with onchain, you have so many uh assumptions. You cannot bet your base your trading on uh onchain."}, {"start": "00:16:18", "end": "00:16:25", "text": "It's impossible. It's impossible. uh you need to have uh better numbers uh such as for example the ETF there we know for"}, {"start": "00:16:25", "end": "00:16:31", "text": "sure they're clicking the red cell button there I know so they clicked there's a guy in the computer at the"}, {"start": "00:16:31", "end": "00:16:36", "text": "computer he has the mouse and he's clicking sell I can see that in the ETF"}, {"start": "00:16:36", "end": "00:16:41", "text": "outflow inflow I can see on the chart price is going down the guys many guys"}, {"start": "00:16:41", "end": "00:16:49", "text": "and girls clicking sell bum bum bum that I can see I can see that then some signal on chain on chain some kind of"}, {"start": "00:16:49", "end": "00:16:55", "text": "chart no One questions how the chart was made because you you have a million assumptions in the chart what you"}, {"start": "00:16:55", "end": "00:17:00", "text": "classify as what as inflow or what I mean onchain cannot see the dollars from"}, {"start": "00:17:00", "end": "00:17:06", "text": "the bank accounts they just see that you know some coins are moving then you have to assume a million things and uh and uh"}, {"start": "00:17:06", "end": "00:17:12", "text": "based on that so I keep the analysis to stuff which I know guys and girls"}, {"start": "00:17:12", "end": "00:17:18", "text": "pressing the big fat cell button with their big fat finger because the cell"}, {"start": "00:17:18", "end": "00:17:24", "text": "pressure is high I can that if it stops the chart will go up. We're going to be"}, {"start": "00:17:24", "end": "00:17:29", "text": "bullish. As simple as that. And some guy in the comment section will be rising. But Ivan, you were bearish. Why you're"}, {"start": "00:17:29", "end": "00:17:32", "text": "bullish?"}, {"start": "00:17:39", "end": "00:17:44", "text": "Crazy guys. I cannot win. It's impossible for me to"}, {"start": "00:17:44", "end": "00:17:51", "text": "win. I think like the guy in the comment section since you know I do the channel"}, {"start": "00:17:51", "end": "00:17:56", "text": "since 2017. I think he he wants me to in 2017. I should have said bull or bear"}, {"start": "00:17:56", "end": "00:18:03", "text": "and then never changed. Anyway, so institutions dumping like"}, {"start": "00:18:03", "end": "00:18:08", "text": "mfers like literal mfers right now. Will it stop? I mean we need to have the"}, {"start": "00:18:08", "end": "00:18:14", "text": "relief rally. The relief rally is the chance that potentially it has a small chance that it breaks 50 week it breaks"}, {"start": "00:18:14", "end": "00:18:20", "text": "to 100 day and it just goes to alltime high. It's like it's possible. It's within the probabilities. I think it's a"}, {"start": "00:18:20", "end": "00:18:26", "text": "low probability but it's possible. So that's the that's the thing man. Even"}, {"start": "00:18:26", "end": "00:18:31", "text": "Colin even Colin the M2 guy he's saying that global M2 decouples from Bitcoin a"}, {"start": "00:18:31", "end": "00:18:38", "text": "cycle tops every bull run thus far. The decoupling is itself a top indicator. he"}, {"start": "00:18:38", "end": "00:18:45", "text": "says. Okay. So, uh what do we make out of this with the M2 guys? Uh we did look"}, {"start": "00:18:45", "end": "00:18:50", "text": "a bit at M2, but we never considered M2 as a factor to not become bearish and"}, {"start": "00:18:50", "end": "00:18:57", "text": "risk off at uh 126 when we did the fake out. Uh so you cannot allow an indicator"}, {"start": "00:18:57", "end": "00:19:04", "text": "like M2 to decide what you do. It's the price of the price number one. But yeah, uh it's the couples like last time. So"}, {"start": "00:19:04", "end": "00:19:09", "text": "let's see now cryptocurrency. It's a he's a new kind of influencer. I"}, {"start": "00:19:09", "end": "00:19:15", "text": "really like his his approach his videos. Uh he's also now uh since I think yesterday or when was this this was two"}, {"start": "00:19:15", "end": "00:19:21", "text": "days ago. He's also now pointing towards bare market likely bear trap possible up"}, {"start": "00:19:21", "end": "00:19:27", "text": "on. So now basically everyone is coming to what we've said since October 8th. Okay. to be to be careful to be riskoff"}, {"start": "00:19:27", "end": "00:19:33", "text": "since October 8th because I mean also from from one perspective it's also low"}, {"start": "00:19:33", "end": "00:19:40", "text": "risk for you socially to be bearish now because you're bearish now but you know everyone is bearish now but you see I"}, {"start": "00:19:40", "end": "00:19:45", "text": "and CT Larson we were we were really how to say pushing our neck up there how say"}, {"start": "00:19:45", "end": "00:19:53", "text": "we were sticking our neck trying to give you the better signal before anyone else that's when you get"}, {"start": "00:19:53", "end": "00:19:59", "text": "the most hate that's when you get the most pitting in the face. So, just uh yeah, keep that in mind because most"}, {"start": "00:19:59", "end": "00:20:04", "text": "people what they going to do? They're going to tell you bush bush bush bush bush bush by the zip by the zip by the zip. Then we're down a lot and now"}, {"start": "00:20:04", "end": "00:20:09", "text": "everyone is bearish and they're Oh, I hope you manage risk guys like we discussed yesterday. Oh, no. Okay. Oh, I"}, {"start": "00:20:09", "end": "00:20:17", "text": "hope you I hope you manage risk. This why risk management is so important. Uh okay, look here. The best"}, {"start": "00:20:17", "end": "00:20:24", "text": "time to sell your ETH was when this Korean gambler"}, {"start": "00:20:24", "end": "00:20:31", "text": "Tom Lee took 11 billion dollar of other people's money to accumulate 5% of ETH"}, {"start": "00:20:31", "end": "00:20:37", "text": "and couldn't even make couldn't even make a new exactly"}, {"start": "00:20:37", "end": "00:20:44", "text": "this second best time to sell ETH is now. Well, you got to derisk according to a system. We discussed drisking"}, {"start": "00:20:44", "end": "00:20:50", "text": "systems in the mechanical rules. Check the link below. It is funny that you know this whole you know Tom Lee ETH he"}, {"start": "00:20:50", "end": "00:20:57", "text": "didn't even put the new alltime high basically. Okay that's very important. Um will he sell? Uh that's that's the"}, {"start": "00:20:57", "end": "00:21:02", "text": "next question. How is his governance set up? Because it's going to be a lot of sell pressure if he has to sell."}, {"start": "00:21:02", "end": "00:21:09", "text": "Hopefully his corporate governance is like micro strategy where he can just hodddle and huddle and huddle. Uh but"}, {"start": "00:21:09", "end": "00:21:14", "text": "let's see. Let's see. Let's see. Let's see. Let's see. Accumulating ETH cheap is also going to be good. I mean, if we"}, {"start": "00:21:14", "end": "00:21:20", "text": "enter bare market, it seems like it uh is going to be great. It's going to be great to accumulate it cheap. We're"}, {"start": "00:21:20", "end": "00:21:25", "text": "ready for that, man. Man, that I mean, that is that is the time to accumulate."}, {"start": "00:21:25", "end": "00:21:31", "text": "He accumulates at the top, but maybe someone else can accumulate at the bottom. Richard Hart also bought the top, by the way, just just so everyone"}, {"start": "00:21:31", "end": "00:21:36", "text": "is clear, he bought the very very top, and he also said to you to buy more because he wants you to buy the the the"}, {"start": "00:21:36", "end": "00:21:41", "text": "news the new ICO from him. He cannot tell you to be riskov because"}, {"start": "00:21:41", "end": "00:21:47", "text": "then you're not going to be excited about the the new the new fugazi the new ICO. Okay, let me know by the way in the"}, {"start": "00:21:47", "end": "00:21:54", "text": "comment section. Matt, you you gonna you're going to buy it or what are you doing? What what are you doing? You bought it."}, {"start": "00:21:54", "end": "00:22:00", "text": "Well, actually the thing is uh it's going to be interesting to see how how how the new one performs because what he"}, {"start": "00:22:00", "end": "00:22:06", "text": "could do with which could actually be bullish for the new one is to just forget all of the old coins. So he just"}, {"start": "00:22:06", "end": "00:22:13", "text": "has just one single coin he can pump like it was in the beginning. But then I feel so sorry for Pulse, man."}, {"start": "00:22:13", "end": "00:22:18", "text": "I mean they got then they're screwed big time. Big time. Big time. They're screwed so big time. It's insane. It's"}, {"start": "00:22:18", "end": "00:22:24", "text": "insane. If he just switches to new coin which which will not have too much sell pressure because not too many people are"}, {"start": "00:22:24", "end": "00:22:30", "text": "sacrificing and then he just pumps that, you know, one because that would be like"}, {"start": "00:22:30", "end": "00:22:36", "text": "the early days. Like let let me know Matt what you think. Let let know what you think."}, {"start": "00:22:37", "end": "00:22:43", "text": "Matt needs lo. [Laughter] Exactly. Big shout. Big shout. Big"}, {"start": "00:22:43", "end": "00:22:49", "text": "shout. Big shout out. Big shout out to Matt. Now, okay, moving on. Moving on. Let's go to bullish,"}, {"start": "00:22:49", "end": "00:22:56", "text": "guys. Bullish. Bullish. Bullish. Bullish. Bullish. This is why 2026 I'm a big fat buyer of Bitcoin. I'm a big fat"}, {"start": "00:22:56", "end": "00:23:03", "text": "buyer. If if we continue lower and then we go from bare trend into bull, man, we're"}, {"start": "00:23:03", "end": "00:23:09", "text": "going to be we're going to buy like maniacs. I I mean, we'll be buying so much like in January 2023, it's going to"}, {"start": "00:23:09", "end": "00:23:14", "text": "be crazy. It's going to be crazy. Listen to Arthur Hayes right now. Trump is going to spend more money, have"}, {"start": "00:23:14", "end": "00:23:21", "text": "a bigger def deficit than Biden. It's just math. Um and the priorities of the administration. And so I can see Bitcoin"}, {"start": "00:23:21", "end": "00:23:28", "text": "going up 10x from here to a million dollars by 2028, especially if we get a change in sort of"}, {"start": "00:23:28", "end": "00:23:35", "text": "the Fed and they come back on side and they do quantitative easing. They start cutting rates and you know, as you said,"}, {"start": "00:23:35", "end": "00:23:42", "text": "palace ends in May 2026, you know, everyone believes that Kevin Wars will be the next uh Fed governor"}, {"start": "00:23:42", "end": "00:23:48", "text": "and he's gone on record basically saying the Fed is not independent. the Fed should do whatever the president and the politicians want, which means print the"}, {"start": "00:23:48", "end": "00:23:54", "text": "money, give more of it to the system to act as stimulus. And so I see an"}, {"start": "00:23:54", "end": "00:24:01", "text": "acceleration of money printing and uh fiscal debasement in May 26 onwards. And"}, {"start": "00:24:01", "end": "00:24:07", "text": "that's probably when we get the sort of crazy runs in in Bitcoin and other sort of fixed supply assets."}, {"start": "00:24:07", "end": "00:24:14", "text": "Oh yes, guys. So 2026 when we have the new guy. So the new guy seems to be this"}, {"start": "00:24:14", "end": "00:24:21", "text": "Kevin Worsh okay go re researchership he's basically saying that high rates are very very bad he's saying that AI is"}, {"start": "00:24:21", "end": "00:24:28", "text": "very disinflationary which is of course good for cutting rate next he's also"}, {"start": "00:24:28", "end": "00:24:33", "text": "apparently according to Arthur he said that the Fed should not be independent and just listen to Trump I mean that's"}, {"start": "00:24:33", "end": "00:24:39", "text": "exactly exactly the guy we need okay exactly we need so he did a column"}, {"start": "00:24:39", "end": "00:24:45", "text": "titled the Federal Reserve's broken leadership uh and he wrote it in Wall Street"}, {"start": "00:24:45", "end": "00:24:51", "text": "Journal. He praised the one big beautiful bill act you know Bill Clinton"}, {"start": "00:24:51", "end": "00:24:57", "text": "big big very big very big beautiful bill."}, {"start": "00:24:57", "end": "00:25:05", "text": "So this guy is praising it. So big beautiful bill is the biggest spending bill probably in US history and this guy"}, {"start": "00:25:05", "end": "00:25:12", "text": "loves it loves it loves it. Loves it loves it loves it. a key election initiative pass in July as you know and"}, {"start": "00:25:12", "end": "00:25:18", "text": "he's gonna have full Trump is gonna have full support from the Fed if this guy is installed because he loves the big and"}, {"start": "00:25:18", "end": "00:25:25", "text": "the beautiful bill. Okay. Uh whether it's Bill Clinton or the actual paper the law it's not specified but he loves"}, {"start": "00:25:25", "end": "00:25:34", "text": "the big beautiful bill. Okay. Next. Um he's also saying that u u yeah this bill"}, {"start": "00:25:34", "end": "00:25:39", "text": "is very nice very very nice. It's going to be great. Uh where did he say that you should just listen to Trump but I"}, {"start": "00:25:39", "end": "00:25:45", "text": "guess this is basically what he said that he loves the big beautiful bill so it was by Trump and he loves it and he loves it. Uh so that's going to be in"}, {"start": "00:25:45", "end": "00:25:51", "text": "2026 in May guys in May. So this guy gets installed in May 2026. Then he does"}, {"start": "00:25:51", "end": "00:25:57", "text": "magic. He does magic. He he does the magic wand with the printer and then few months"}, {"start": "00:25:57", "end": "00:26:02", "text": "later his magic has effect on the market which would by the way coincide with the"}, {"start": "00:26:02", "end": "00:26:08", "text": "typical uh length of a bear. Uh if we see a standard bear maybe it's a bit shorter"}, {"start": "00:26:08", "end": "00:26:16", "text": "because we didn't see a retail interest at this cycle but that would be in October 2026. Okay if if you measure"}, {"start": "00:26:16", "end": "00:26:22", "text": "normal normal bear. So this guy, let let me actually mark where he gets installed. He has installed here. Let"}, {"start": "00:26:22", "end": "00:26:29", "text": "let's add some text. New fat guy installed. So this new fat guy installed"}, {"start": "00:26:29", "end": "00:26:36", "text": "is going to be here. And this is normal normal bare bottom"}, {"start": "00:26:36", "end": "00:26:42", "text": "timing. Is it going to be normal? Nothing is guaranteed. Maybe it's abnormal this"}, {"start": "00:26:42", "end": "00:26:48", "text": "cycle, but uh this would be the normal bare bottom timing. So this guy bum bum bum comes in starts printing starts"}, {"start": "00:26:48", "end": "00:26:54", "text": "warming up the printer. The printer goes and probably here somewhere we see the"}, {"start": "00:26:54", "end": "00:27:01", "text": "bottoming out and then big fat nice pump towards"}, {"start": "00:27:01", "end": "00:27:06", "text": "I would say at least 500k. Okay, at least 500k that's going to that's going"}, {"start": "00:27:06", "end": "00:27:12", "text": "to be a very very nice move for Bitcoin. It' be fantastic. It would be I mean"}, {"start": "00:27:12", "end": "00:27:17", "text": "probably one of the most important things that Bitcoin will achieve next"}, {"start": "00:27:17", "end": "00:27:26", "text": "cycle and that's the uh basically the end game the end game that we are moving towards uh nation state adoption where"}, {"start": "00:27:26", "end": "00:27:32", "text": "everything is uh around Bitcoin very important on the log chart it's a bit easier to see but yeah somewhere here on"}, {"start": "00:27:32", "end": "00:27:38", "text": "the log chart I now switch to log so it's easier but yeah somewhere here let me draw like this"}, {"start": "00:27:38", "end": "00:27:43", "text": "at least 500 man at least 500 but again it's it's a target if we turn around"}, {"start": "00:27:43", "end": "00:27:50", "text": "before that we look at the price mainly but something like that would be amazing now the markets have a tendency to mess"}, {"start": "00:27:50", "end": "00:27:57", "text": "with your plan so we have a plan here will it work who knows but we actually made another plan in early 2023 remember"}, {"start": "00:27:57", "end": "00:28:04", "text": "we said that we're going to sell in 2025 in during late summer or uh autumn and that plan has worked out ex exactly"}, {"start": "00:28:04", "end": "00:28:10", "text": "basically exact exact exact uh will this one work out exact I mean let's We have"}, {"start": "00:28:10", "end": "00:28:16", "text": "no reason to doubt it for now, but we will adapt as we go along. Okay, moving"}, {"start": "00:28:16", "end": "00:28:21", "text": "on. Moving on. Um, all of the good stuff that are happening. I just want to"}, {"start": "00:28:21", "end": "00:28:26", "text": "highlight some of the good stuff. Uh, you have now all kinds of ETFs for Soul."}, {"start": "00:28:26", "end": "00:28:31", "text": "Obviously, with the bearish pressure in Bitcoin, no, no one really cares,"}, {"start": "00:28:31", "end": "00:28:37", "text": "but this will be important in the next bull. In that next bull that we're discussing, this one is going to be key."}, {"start": "00:28:37", "end": "00:28:43", "text": "This one's is going to be super key. So buying souls super cheap when it's the bearish trend and goes down goes down"}, {"start": "00:28:43", "end": "00:28:48", "text": "goes down and then turns into bullish is going to be very important. If Vitalic is saying that ETH needs to stop"}, {"start": "00:28:48", "end": "00:28:54", "text": "changing he wants it to be a treasury asset this and that"}, {"start": "00:28:54", "end": "00:29:00", "text": "yeah let's see there are quite a few treasuries let's see is this uh exactly"}, {"start": "00:29:00", "end": "00:29:07", "text": "all the ETH treasur there are quite a few ETH treasuries now so he wants to ensure that it's predictable all of that"}, {"start": "00:29:07", "end": "00:29:15", "text": "but they also need users I mean that's another thing they need users they need users uh having an oifi chain could be"}, {"start": "00:29:15", "end": "00:29:23", "text": "beneficial in some cases But uh the retail for example already this cycle is not really using it the retail and u the"}, {"start": "00:29:23", "end": "00:29:29", "text": "question is how is going to be let's see I mean I think it's hard to say who's going to be the the retail winner it's"}, {"start": "00:29:29", "end": "00:29:35", "text": "changing quite fast now I mean you have hyperl you have all of the new ones"}, {"start": "00:29:35", "end": "00:29:41", "text": "um maybe the retail is always going to be on the move we look here"}, {"start": "00:29:41", "end": "00:29:48", "text": "we refresh where is the retail the website loading"}, {"start": "00:29:48", "end": "00:29:53", "text": "retail now is hyperlquid Ajax strong ETH is even higher than Solana nowadays when"}, {"start": "00:29:53", "end": "00:29:59", "text": "it comes to fees this is where the Sana thesis it doesn't really work if it continues like this"}, {"start": "00:29:59", "end": "00:30:04", "text": "and then also top stable coin supply at mantos coming out of nowhere well we've"}, {"start": "00:30:04", "end": "00:30:11", "text": "been tracking for the past months before the October 8th they had a lot of news but see this is where"}, {"start": "00:30:11", "end": "00:30:19", "text": "all of these new chains they're taking retail they're taking retail like mfers. Okay, another kind of mfer right here"}, {"start": "00:30:19", "end": "00:30:24", "text": "taking retail. Uh so the question is where will retail end up? Because retail"}, {"start": "00:30:24", "end": "00:30:30", "text": "they want uh uh speculation. They want to go nuts. They do it on hyperlquid."}, {"start": "00:30:30", "end": "00:30:35", "text": "They do it on Ajax before they did it on soul with memes. But uh whoever can"}, {"start": "00:30:35", "end": "00:30:42", "text": "provide good venue for going nuts will get the retail. And the way if ETH oifies it's not going to be for that"}, {"start": "00:30:42", "end": "00:30:48", "text": "it's going to be for yeah maybe stable coins but not for retail stable coin for"}, {"start": "00:30:48", "end": "00:30:55", "text": "uh big transfers. Uh what else we have now invia"}, {"start": "00:30:55", "end": "00:31:01", "text": "pumping quite a lot yesterday because their uh uh their revenue was good. Revenue was very very good. And just to"}, {"start": "00:31:01", "end": "00:31:08", "text": "put in context, they pumped three entire Solanas or 20 entire Zcash in market"}, {"start": "00:31:08", "end": "00:31:13", "text": "cap. So stons are really, really, really, really massive in comparison to"}, {"start": "00:31:13", "end": "00:31:20", "text": "crypto. And that gap will be closed in one way or another throughout the coming years. Okay? And it's also why we are"}, {"start": "00:31:20", "end": "00:31:25", "text": "expanding our stocks in the Bullmania money"}, {"start": "00:31:25", "end": "00:31:32", "text": "scanner. Okay? If you are in Bullmania, you can see all of the cryptos. And now the stocks as well, whether they're"}, {"start": "00:31:32", "end": "00:31:38", "text": "bullish or bearish and when they flip bullish or bearish. And we're now adding more. For example, now you can see Micro"}, {"start": "00:31:38", "end": "00:31:45", "text": "Strategy right here currently bearish. Big fat bearish. Big fat bearish. Uh and"}, {"start": "00:31:45", "end": "00:31:51", "text": "very soon we should have around 6,000 6,000 stocks here tracking. We're adding"}, {"start": "00:31:51", "end": "00:31:56", "text": "more and more and more. But yeah, now we can see the biggest ones and someone"}, {"start": "00:31:56", "end": "00:32:02", "text": "requested for them to be ordered by market cap which makes total sense. So we added that. So Nvidia now is the"}, {"start": "00:32:02", "end": "00:32:08", "text": "biggest. Then you have Apple, Microsoft, Apple, u uh Microsoft, Google, you have"}, {"start": "00:32:08", "end": "00:32:13", "text": "Amazon, Broadcom, what the hell,"}, {"start": "00:32:13", "end": "00:32:20", "text": "Meta, Tesla, Bergkshire, let me know if you love the Bergkshire and so forth."}, {"start": "00:32:20", "end": "00:32:26", "text": "So here you can see what flip bullish bum bum bum bum bum in the last week. Let's see what is bullish in the last"}, {"start": "00:32:26", "end": "00:32:33", "text": "week. Holy crap. Pepsi. You drink Pepsi. Pepsi Cola."}, {"start": "00:32:33", "end": "00:32:38", "text": "It's bullish since a week ago. Since three days ago actually. Loheed. Well, these guys have a lot of business now"}, {"start": "00:32:38", "end": "00:32:45", "text": "with beef puff poof everywhere. A big business. Waste management I guess is the renewal"}, {"start": "00:32:45", "end": "00:32:50", "text": "for guys. You have to you have to put your waist in the correct hole. I I"}, {"start": "00:32:50", "end": "00:32:57", "text": "don't actually know what the hell it is. Maybe it's good. Kroger. Kroger. Kroger. There we go. Bullish."}, {"start": "00:32:57", "end": "00:33:03", "text": "So, if you use the link below, you watch this free training"}, {"start": "00:33:03", "end": "00:33:09", "text": "and uh you take the call because at the end there's there's going to be a instruction how to get the money line,"}, {"start": "00:33:09", "end": "00:33:16", "text": "how to get the Bullmania terminal and all of that. Uh, but the first step to get all of these tools is to click the link below and watch this video about"}, {"start": "00:33:16", "end": "00:33:21", "text": "the the strategy because the tools are the tools, man. You you need the strategy. If your mindset is not"}, {"start": "00:33:21", "end": "00:33:26", "text": "correct, you you will not even know what to do. Okay, it's bullish, but how how do you act on like what do you do? What"}, {"start": "00:33:26", "end": "00:33:34", "text": "do you do? That's the mechanical rules part. Okay, that's the mechanical rules part. Very important. Um, so yeah, and"}, {"start": "00:33:34", "end": "00:33:40", "text": "we're going to be adding more. You see, we already now added the country logo here. Now we only have US stocks, but"}, {"start": "00:33:40", "end": "00:33:45", "text": "soon there's going to be Chinese. There's going to be European. Maybe European is gonna pump. Who the hell"}, {"start": "00:33:45", "end": "00:33:51", "text": "knows? I mean, we just add everything so you can see. So you don't miss anything because some of these freaking stocks,"}, {"start": "00:33:51", "end": "00:33:56", "text": "they pump a lot. Like Caterpillar, man. Who would imagine? Caterpillar."}, {"start": "00:33:56", "end": "00:34:01", "text": "Caterpillar. How how how it pumps so much pumped more than all of your"}, {"start": "00:34:01", "end": "00:34:07", "text": "shitcoins pumped more than uh than Bitcoin. Look here from April to now up"}, {"start": "00:34:07", "end": "00:34:13", "text": "100%. A freaking stock. What is it? Digging machine. It's a digging machine."}, {"start": "00:34:13", "end": "00:34:18", "text": "Digging machine pumps 110%. So you can trade anything. You don't have to be only in crypto. You you can trade"}, {"start": "00:34:18", "end": "00:34:24", "text": "anything. That's why we add stocks now to to the money scanner. Crazy."}, {"start": "00:34:24", "end": "00:34:29", "text": "SanDisk. Another one. SanDisk. You know, you're buying the SD card 10 years ago."}, {"start": "00:34:29", "end": "00:34:35", "text": "It says SanDisk. Man, what is this?"}, {"start": "00:34:35", "end": "00:34:40", "text": "Did your altcoin did D do D do D do D do D do D do D do D do D do D dot or A atom do this? What is this? Like what is this 800%."}, {"start": "00:34:40", "end": "00:34:46", "text": "Okay, you see this that that's why we add stocks. People like Ivan why why why you add stock? You see I mean you see"}, {"start": "00:34:46", "end": "00:34:52", "text": "this it pumps it pumps whatever pumps we trade. The mechanical rules work in any"}, {"start": "00:34:52", "end": "00:34:58", "text": "market they work with any chart because any chart is trendy. Okay. So this is"}, {"start": "00:34:58", "end": "00:35:03", "text": "one of the key things when you're preparing for the next bull. Learn the mechanical rules. You can apply it"}, {"start": "00:35:03", "end": "00:35:10", "text": "already now with stocks and then when crypto comes back, it's going to be even uh even crazier. It's going to be even"}, {"start": "00:35:10", "end": "00:35:18", "text": "crazier. Guys, let's go to Q&A questions. Oh, no, no, no, no, no, no, no. Wait, wait, wait. We have to play one more thing,"}, {"start": "00:35:18", "end": "00:35:23", "text": "guys. Euito, you give the responsibility of your"}, {"start": "00:35:23", "end": "00:35:29", "text": "teenagers who spent on average four to five hours per day on the social"}, {"start": "00:35:29", "end": "00:35:35", "text": "networks. You give the responsibility of the content they are exposed to to US"}, {"start": "00:35:35", "end": "00:35:40", "text": "private providers or big Chinese companies and they design the content."}, {"start": "00:35:40", "end": "00:35:46", "text": "They are in in charge of the algorithm with the ASA and our regulation but still being implement."}, {"start": "00:35:46", "end": "00:35:51", "text": "Yeah. No one cares about your regulation like you have regulation. They they will"}, {"start": "00:35:51", "end": "00:35:56", "text": "comply with it but still they will be in control because Europe has no tech. They have no tech. Instead of asking hey how"}, {"start": "00:35:56", "end": "00:36:03", "text": "can how can we have more tech in Europe? More regulation. more regulation. Man, the dumb dumps. It's insane."}, {"start": "00:36:03", "end": "00:36:10", "text": "So, when we speak about cyber bullying, when we speak about being exposed to pornography, when we speak about having"}, {"start": "00:36:10", "end": "00:36:18", "text": "some mental disease, I mean, let's be clear, this is exactly made by these platforms to your children and we"}, {"start": "00:36:18", "end": "00:36:23", "text": "decided de facto to give them this exclusivity. What What do you mean decide? Like, you"}, {"start": "00:36:23", "end": "00:36:30", "text": "didn't decide. There's just nothing in Europe. There's nothing. You didn't decide. You"}, {"start": "00:36:30", "end": "00:36:36", "text": "didn't decide. You couldn't build anything and that's it. So this is why if we want to speak about"}, {"start": "00:36:36", "end": "00:36:41", "text": "sovereignty, we have to protect much more our children visav all these contents on all these platforms. And the"}, {"start": "00:36:41", "end": "00:36:48", "text": "agenda of children and teenagers, protection is a necessity for their mental health, for the sustainability of"}, {"start": "00:36:48", "end": "00:36:54", "text": "our education system. Second, if we want to protect our democracies and preserve the well functioning of our democracies,"}, {"start": "00:36:54", "end": "00:37:01", "text": "let's regulate as well the content of this platform. Ah,"}, {"start": "00:37:03", "end": "00:37:09", "text": "we need to remove democracy to protect democracy. It's classic, man. It's classic. We need to abolish democracy to"}, {"start": "00:37:09", "end": "00:37:17", "text": "protect democra. Fantastic. Let's be much more much more demanding because please don't believe one second"}, {"start": "00:37:17", "end": "00:37:24", "text": "on the so-called free speech agenda. For me, we don't speak about free speech when the algorithm is hidden and in the"}, {"start": "00:37:24", "end": "00:37:30", "text": "hands of very few players and when they don't implement the laws decided by the"}, {"start": "00:37:30", "end": "00:37:35", "text": "citizen of a country. This is the wild west, not the free speech."}, {"start": "00:37:35", "end": "00:37:41", "text": "So, let's be clear. If we want as well digital sovereignty, we will have to"}, {"start": "00:37:41", "end": "00:37:47", "text": "better protect our children. Holy crap. Holy crap. Yeah. The so-called free speech guys, we don't"}, {"start": "00:37:47", "end": "00:37:52", "text": "care about that. We don't care at all. classic. Very, very nice. Now, the good thing, there is a good thing and it"}, {"start": "00:37:52", "end": "00:37:59", "text": "seems that Trump administration is pushing the bureaucrats to remove GCPR."}, {"start": "00:37:59", "end": "00:38:06", "text": "I mean, it's quite a big thing. Uh, let me see. I I just read something a few hours ago. Is it correct or it's not"}, {"start": "00:38:06", "end": "00:38:13", "text": "correct? I just read that Trump has pushed them"}, {"start": "00:38:13", "end": "00:38:19", "text": "to recon like remove all this cookie crap and all of that. Uh,"}, {"start": "00:38:19", "end": "00:38:25", "text": "let's see. Let's see. Let's see. Let's see. Yeah, it's this one. This one. This one. This one. This one. This one. Exactly."}, {"start": "00:38:25", "end": "00:38:30", "text": "One second. I will share with you. Look here. Look here. Look here. This is"}, {"start": "00:38:30", "end": "00:38:37", "text": "This is just This just came out. This just came out. So, apparently apparently they're now getting pressured u by the"}, {"start": "00:38:37", "end": "00:38:42", "text": "industry and US government. They're now stripping protections from its flagship"}, {"start": "00:38:42", "end": "00:38:49", "text": "GDPR, which is full fugazi. I mean it's just it makes all websites unusable. You you accept you know what you accept."}, {"start": "00:38:49", "end": "00:38:54", "text": "It's crazy. It's just to stroke the ego of the bureaucrat that has a big name"}, {"start": "00:38:54", "end": "00:39:01", "text": "regulation named after him and that's it. Okay. So the changes proposed by European Commission changes the core"}, {"start": "00:39:01", "end": "00:39:07", "text": "elements of GDPR making it easier for companies to share anonymize and pseudomize personal data sets. Perfect."}, {"start": "00:39:07", "end": "00:39:14", "text": "They would allow AI companies to legally use personal data to train AM models. Exact. I mean slowly slowly slowly there"}, {"start": "00:39:14", "end": "00:39:19", "text": "is a bit of change which is good which is good because this self-image EU has"}, {"start": "00:39:19", "end": "00:39:26", "text": "of um being on the high horse regulating you know the dumb Americans they don't know how to regulate they have no"}, {"start": "00:39:26", "end": "00:39:31", "text": "privacy laws but we EU this is how they're thinking we we we're so smart we"}, {"start": "00:39:31", "end": "00:39:37", "text": "we're so ahead of the dumb rednecks Yankees we have so much regulation and"}, {"start": "00:39:37", "end": "00:39:45", "text": "they realize we just become poor okay all of the same thing with All of the climate climate fugazi fool fugghazi"}, {"start": "00:39:45", "end": "00:39:50", "text": "uh they think that they are so smart everyone is so dumb what becomes they become poor I mean they be there's a"}, {"start": "00:39:50", "end": "00:39:56", "text": "saying euro poor euro poor okay and it doesn't matter what rules you have if"}, {"start": "00:39:56", "end": "00:40:02", "text": "you're poor and no one cares about you no it's like you know think about the poor country uh I mean not to point"}, {"start": "00:40:02", "end": "00:40:08", "text": "something out but you know think about let's say Bangladesh what Bangladesh has regulations someone cares no one cares"}, {"start": "00:40:08", "end": "00:40:14", "text": "big shout to Bangladesh but I mean you know you get the You know what? What uh regulation has"}, {"start": "00:40:14", "end": "00:40:20", "text": "Congo, Republic, Democratic of Congo? I don't know. No one cares. So when EU is"}, {"start": "00:40:20", "end": "00:40:28", "text": "big and wealthy, people care because they want to sell into EU. When they become poor, no one cares. No one"}, {"start": "00:40:28", "end": "00:40:35", "text": "freaking cares. Okay? So that's why you cannot be poor and powerful. It's impossible. So they need to ensure they"}, {"start": "00:40:35", "end": "00:40:41", "text": "don't get poor. EU, they cannot get poor. If they get poor, they're ir re irrelevant. It's uh that's it. Um and"}, {"start": "00:40:41", "end": "00:40:47", "text": "that's that should be the main focus. We cannot be poor. How to not get poor. Okay, that should be all the focus."}, {"start": "00:40:47", "end": "00:40:53", "text": "Remove all of the other fugazi but they will not do it. They will not remove fugazi because they they have such a big bureaucratic engine and bureaucrats will"}, {"start": "00:40:53", "end": "00:40:59", "text": "lose jobs and they you know bureaucracy be bureaucracy and why would they change? They have so nice so many"}, {"start": "00:40:59", "end": "00:41:04", "text": "regulations. It means that bureaucrats who make all decisions they have they are in full control. They have all the"}, {"start": "00:41:04", "end": "00:41:10", "text": "power what incentive they have to change. They don't care about the end result. I mean that's the last thing they care about. They care about the"}, {"start": "00:41:10", "end": "00:41:15", "text": "career. They can stay in there. They can do more regulation. They have a purpose. Another regulation more purpose. They"}, {"start": "00:41:15", "end": "00:41:21", "text": "can hire their friends more purpose. They re they redistribute the funds for the climate for Gazi more purpose to"}, {"start": "00:41:21", "end": "00:41:27", "text": "their friends of course. So I don't know how it's going to change. Like you need to drain the swamp like like Trump said."}, {"start": "00:41:27", "end": "00:41:33", "text": "How they going to drain? I don't know. It's it's also unelected bureaucrats. So at"}, {"start": "00:41:33", "end": "00:41:39", "text": "least with Trump you could he could rein it with these unelected guys like no one"}, {"start": "00:41:39", "end": "00:41:47", "text": "votes for like that's the thing in the EU no one votes for them. No one votes for them. You vote for your own local EU"}, {"start": "00:41:47", "end": "00:41:55", "text": "guy and um yeah and he he doesn't have anything to say in the EU. Anyway, that's it guys. Let's go to Q&A"}, {"start": "00:41:55", "end": "00:42:00", "text": "questions, answers, debates, discussions. Let's go. Shout out by the way to Bangladesh. Shout out to"}, {"start": "00:42:00", "end": "00:42:07", "text": "Democratic Republic of Congo. how it's called. Isn't there two Congo? There are two Sudans, but Congo, it's one Congo or"}, {"start": "00:42:07", "end": "00:42:13", "text": "two now. I haven't been updating myself. It's two now or five or one,"}, {"start": "00:42:14", "end": "00:42:21", "text": "let me know. Big shout out to Isaac as well who's from Nigeria. I know in the chat. And big shout out to Guzman for"}, {"start": "00:42:21", "end": "00:42:28", "text": "time stamping us today. Fantastic, fantastic, fantastic. Okay, guys. Two Congos. Yay, it's two Congos. Okay. Okay."}, {"start": "00:42:28", "end": "00:42:34", "text": "Okay. Let's go to Q&A questions, answers, debates, discussions. Let's go. Let's go. Let's go. Let's go. As soon as"}, {"start": "00:42:34", "end": "00:42:39", "text": "possible. Z is fully fully captured. Yeah."}, {"start": "00:42:43", "end": "00:42:48", "text": "Yo, Harsh, you bought the car or no?"}, {"start": "00:42:51", "end": "00:42:59", "text": "You remember in the past I guaranteed you that Sana will go to 200. I gave you a license guarantee. It did go to 200."}, {"start": "00:42:59", "end": "00:43:06", "text": "Now I I cannot give guarantee. Now it's a bare trend. I cannot give another guarantee, man."}, {"start": "00:43:06", "end": "00:43:12", "text": "Let me know what what happened. What happened? I mean, what kind of Rolex are Yeah,"}, {"start": "00:43:12", "end": "00:43:18", "text": "guys, let me know. Let me know if someone can guess. I mean, it's it's a people have guessed before. I still have"}, {"start": "00:43:18", "end": "00:43:23", "text": "to record the video about it. I still have to record the video. Maybe now in the in the in the bar winter wonderland,"}, {"start": "00:43:23", "end": "00:43:27", "text": "I can I can do it a bit more time."}, {"start": "00:43:28", "end": "00:43:31", "text": "Um"}, {"start": "00:43:34", "end": "00:43:41", "text": "how can you use all moving average to chart when the cycle has been completely different? The cycle has not been"}, {"start": "00:43:41", "end": "00:43:49", "text": "different. What do you mean two moving average to chart? It's uh how you can see trends."}, {"start": "00:43:49", "end": "00:43:55", "text": "You use moving average to see trend. You can use there are many ways to see trends for crypto. One of the most"}, {"start": "00:43:55", "end": "00:44:00", "text": "reliable is the money line. That's when you have very very good signal. But then there are other ways to see trend. One"}, {"start": "00:44:00", "end": "00:44:07", "text": "ways to use moving average and um yeah it's it's you always use moving"}, {"start": "00:44:07", "end": "00:44:14", "text": "average. It's classic classic. It's uh it's herd psychology on the chart."}, {"start": "00:44:14", "end": "00:44:19", "text": "Moving average you can say is like herd psychology. uh how most people trading the markets"}, {"start": "00:44:19", "end": "00:44:27", "text": "what kind of price they may see as expensive where they dump or as cheap where they where they buy. So for"}, {"start": "00:44:27", "end": "00:44:32", "text": "example, you have a moving average let's like 50 week"}, {"start": "00:44:34", "end": "00:44:42", "text": "you have currently 50 week at what price like 103. So normally we go back to uh"}, {"start": "00:44:42", "end": "00:44:50", "text": "50 moving average price dumps a bit because for most people in the market now this price is like a good memory"}, {"start": "00:44:50", "end": "00:44:55", "text": "that it's kind of a good price to dump at because it's above 100K and uh yeah"}, {"start": "00:44:55", "end": "00:45:00", "text": "this and it was vice versa here because here when we were going down"}, {"start": "00:45:00", "end": "00:45:07", "text": "people saw it as cheap and they bought up. Okay they see it as cheap and they buy up but once we get below it it"}, {"start": "00:45:07", "end": "00:45:13", "text": "becomes vice versa. Now people see it as oh oh holy crap at least I can sell 100"}, {"start": "00:45:13", "end": "00:45:20", "text": "and then then we get rejected. So yeah, moving average today it's it's classic. It's classic. It's fantastic. Obviously,"}, {"start": "00:45:20", "end": "00:45:26", "text": "you cannot only use it. Uh you you need to use um a system uh such as we have"}, {"start": "00:45:26", "end": "00:45:32", "text": "with how you derisk at what point. Uh we go at at length in uh uh in this uh link"}, {"start": "00:45:32", "end": "00:45:40", "text": "training below. You can use the link uh first link in description. But I mean in short it's all about you having a system"}, {"start": "00:45:40", "end": "00:45:47", "text": "where you know how your position your position size your stop loss if certain levels break you know how to derisk how"}, {"start": "00:45:47", "end": "00:45:54", "text": "to take profit and so on so forth. [Music] So basically moving average is like one"}, {"start": "00:45:54", "end": "00:46:00", "text": "indicator but it's not a strategy. There's a difference between indicator and strategy. You can have many indicator this indicator that indicator"}, {"start": "00:46:00", "end": "00:46:05", "text": "there's like endless amount of indicator uh you know uh here here you can you can"}, {"start": "00:46:05", "end": "00:46:13", "text": "scroll there's endless there's endless there's endless indicator but it's not strategy strategy is when you have end to end"}, {"start": "00:46:17", "end": "00:46:21", "text": "[Music]"}, {"start": "00:46:26", "end": "00:46:31", "text": "but we have made alltime high before the hovering and we haven't gone up. So cycle is completely different. It"}, {"start": "00:46:31", "end": "00:46:37", "text": "doesn't matter. It it doesn't matter where the hovering where alltime high"}, {"start": "00:46:37", "end": "00:46:44", "text": "doesn't matter. It turned bullish here without knowing"}, {"start": "00:46:44", "end": "00:46:49", "text": "the hovering without knowing anything and that's it."}, {"start": "00:46:49", "end": "00:46:56", "text": "So you you don't need the yeah the hovering or anything. And it also by the way actually turns out to be speaking"}, {"start": "00:46:56", "end": "00:47:03", "text": "about moving averages. You see 50week moving average. It was the yellow line here. This is the yellow line. It broke"}, {"start": "00:47:03", "end": "00:47:10", "text": "a bit after money line turned green. So cycle this and that uh doesn't matter."}, {"start": "00:47:10", "end": "00:47:16", "text": "That's why you look at the chart everything else is infotainment where the hovering is where all time don't"}, {"start": "00:47:16", "end": "00:47:23", "text": "worry about that. Worry about the chart the trend here. Return bullish. We cross the 50 week then whether you see where"}, {"start": "00:47:23", "end": "00:47:28", "text": "you see you see hovering on the chart. No, there's no hovering on the chart. It's up and up and up and up until boop"}, {"start": "00:47:28", "end": "00:47:37", "text": "down. 50 week broken bearish down. So you have you have to worry. You have to worry. Don't worry. Why worry?"}, {"start": "00:47:37", "end": "00:47:45", "text": "Don't worry. Be happy. That's it."}, {"start": "00:47:46", "end": "00:47:53", "text": "But you're calling the top because of past U. Yeah. So you you can have the infotainment stuff like the uh uh"}, {"start": "00:47:53", "end": "00:47:59", "text": "different measurements from the bottom from the top. It can it can enhance the signal like it can give you more"}, {"start": "00:47:59", "end": "00:48:04", "text": "confidence in it. So for example if you measure from low to low this is where we"}, {"start": "00:48:04", "end": "00:48:11", "text": "we said that uh we're now exactly where we are. So it just you know it adds a bit more confidence uh to for example be"}, {"start": "00:48:11", "end": "00:48:17", "text": "more conservative. Okay. And uh when we did a fake all-time high, it's a by a"}, {"start": "00:48:17", "end": "00:48:22", "text": "fake out is a very strong other technical signal. Fake out is super strong technical signal that it's uh"}, {"start": "00:48:22", "end": "00:48:28", "text": "it's bearish and fake out to the downside is a strong technical signal that is bullish. But anyway, fake out"}, {"start": "00:48:28", "end": "00:48:36", "text": "together with low uh to together with if you measure from low to low, it's late in the cycle. But also you say hing this"}, {"start": "00:48:36", "end": "00:48:41", "text": "is from the hoving you what you said there you know hovering is later or earlier what what"}, {"start": "00:48:41", "end": "00:48:47", "text": "it was doesn't matter because if you if you measure the hovering cycle it's actually also like before the website is"}, {"start": "00:48:47", "end": "00:48:54", "text": "a bit slow but let's see if it loads but that's like all of this is secondary to the actual chart it can still give a"}, {"start": "00:48:54", "end": "00:48:59", "text": "bit more confidence and the chart is slow let's see if it loads but from the"}, {"start": "00:48:59", "end": "00:49:06", "text": "hovering it's like the same you you can measure from low to low you can measure from the hovering thing and"}, {"start": "00:49:06", "end": "00:49:14", "text": "like anyway this website is but the the the biggest thing is always the the trend the price trend that's why"}, {"start": "00:49:14", "end": "00:49:21", "text": "with the risks from 100% to 70% after the fake out based on the fake out number one uh and then now with the risk"}, {"start": "00:49:21", "end": "00:49:27", "text": "from 70 to 30 uh with the 50 week moving average and yeah the main line there"}, {"start": "00:49:27", "end": "00:49:36", "text": "because that's the ultimate big fat signal the week moving average."}, {"start": "00:49:36", "end": "00:49:43", "text": "Tight is dead, guys. Let's see if it lows. Anyway,"}, {"start": "00:49:45", "end": "00:49:51", "text": "[Music] Ivan, do you think the US debt rollover"}, {"start": "00:49:51", "end": "00:49:57", "text": "is not going to push prices? Uh, I don't know. I don't know. Honestly, I don't"}, {"start": "00:49:57", "end": "00:50:03", "text": "care. Like, who who will it push price? Maybe. It's not It's not a strategy, man. This is Like there's different"}, {"start": "00:50:03", "end": "00:50:08", "text": "grade of infotainment. There's different grade of infotainment. Oh yeah, now it loaded finally. Here's by the way after"}, {"start": "00:50:08", "end": "00:50:14", "text": "uh so this is after the hovering. You measure from the hing and uh yeah I mean"}, {"start": "00:50:14", "end": "00:50:21", "text": "this one topped out here. This one topped out here. The this one topped out here and now we're topping out. Yeah. So"}, {"start": "00:50:21", "end": "00:50:27", "text": "it's even from the hovering you measures like the previous ones. Um but yeah"}, {"start": "00:50:27", "end": "00:50:34", "text": "there are different grade of infotainment like this one measured from the hovering this and that is quite quite good uh infotainment still it's"}, {"start": "00:50:34", "end": "00:50:41", "text": "not as important as price so that's why we do risk only to 70% after based on this price is the key so when moving"}, {"start": "00:50:41", "end": "00:50:46", "text": "average and money line bull to bear uh we do risk more but then your thing that"}, {"start": "00:50:46", "end": "00:50:52", "text": "you know the debt rollover will pump that's like lowrade infotainment like that that infotainment is I don't know"}, {"start": "00:50:52", "end": "00:50:57", "text": "maybe it will uh maybe it"}, {"start": "00:50:57", "end": "00:51:03", "text": "But I I don't know. I'm not trading that. Maybe asopium you can have it in"}, {"start": "00:51:03", "end": "00:51:08", "text": "your heart that maybe it's going to pump your pulse back."}, {"start": "00:51:08", "end": "00:51:13", "text": "I don't know. I don't know. Uh all support this way. My car keeps getting"}, {"start": "00:51:13", "end": "00:51:19", "text": "hacked. Build a security company. Code one up. Respect from First Nations"}, {"start": "00:51:19", "end": "00:51:26", "text": "reservation. Thanks, man. Thanks. Thanks for the nation. I don't understand your message. You you want me to build a security"}, {"start": "00:51:26", "end": "00:51:31", "text": "company? Code one up. Okay. All support this way. My card has been getting"}, {"start": "00:51:31", "end": "00:51:39", "text": "hacked. Man, it's not good if your card is hacked. You use crypto. Use crypto."}, {"start": "00:51:41", "end": "00:51:47", "text": "[Music] Let's see. The guy says it looks nothing like it. What do you mean? I think it"}, {"start": "00:51:47", "end": "00:51:52", "text": "looks quite similar. We topped out. We top out around here."}, {"start": "00:51:52", "end": "00:51:57", "text": "And also like if if you remove let's see if the chart adapts or doesn't adapt"}, {"start": "00:51:57", "end": "00:52:05", "text": "anyway. Uh if you remove and it would adapt you would see that it like it does"}, {"start": "00:52:05", "end": "00:52:12", "text": "go up. It's just that you know the early days it was it pumps so much. Obviously you compare the cycle now it's it looks like nothing like it. But if you"}, {"start": "00:52:12", "end": "00:52:18", "text": "normalize it if you normalize the chart you will still see that it goes up. And the thing here is the timing is the"}, {"start": "00:52:18", "end": "00:52:26", "text": "timing from the hovering. Hing started here. Now we're here. That's it. And now it goes down."}, {"start": "00:52:26", "end": "00:52:32", "text": "So yeah, this red one did not go as high as the green one. If if that's what you"}, {"start": "00:52:32", "end": "00:52:38", "text": "mean, they didn't go that high. This uh orange one did not go as high. So yeah,"}, {"start": "00:52:38", "end": "00:52:45", "text": "they they new cycles don't go as high. I agree with that. Yes,"}, {"start": "00:52:45", "end": "00:52:50", "text": "but don't worry like don't don't try to predict, you know, this and that. If we"}, {"start": "00:52:50", "end": "00:52:56", "text": "if it goes up, we're going to see it. It's going to go to 122, we're going to be bullish. That's it. Don't worry."}, {"start": "00:52:56", "end": "00:53:02", "text": "Don't worry. Don't take it easy. Take it easy. It's winter wonderland. It's winter wonderland until further notice."}, {"start": "00:53:02", "end": "00:53:08", "text": "It's the bear. We're in the We're in the hall of the bear. You know which hole."}, {"start": "00:53:08", "end": "00:53:14", "text": "It's very dark. It's very dark. It's super dark."}, {"start": "00:53:14", "end": "00:53:21", "text": "We're right there. And it's winter outside. So, at least we're a bit warm in that hole."}, {"start": "00:53:24", "end": "00:53:30", "text": "Yeah, but it's good, man. The thing is I want it to go down because I want to buy at 50. I want to buy like 50, 40. Maybe"}, {"start": "00:53:30", "end": "00:53:36", "text": "it goes down to 40, man. It goes to 40 and then it turns bullish. Holy macarona."}, {"start": "00:53:36", "end": "00:53:44", "text": "Holy macaroni. It's going to be very nice. It's going to be very, very nice."}, {"start": "00:53:48", "end": "00:53:53", "text": "have fun for back in. No, it's not going to be for it's not we never for"}, {"start": "00:53:53", "end": "00:53:59", "text": "like you know noobs go all in or all out. Just like here we start to derisk gradually. If it goes back here we're"}, {"start": "00:53:59", "end": "00:54:07", "text": "going to be risking on gradually as well. So it's uh no no for no for never for is for noobs guys for you have to"}, {"start": "00:54:07", "end": "00:54:12", "text": "remove that. And I know it's hard, but um the thing is Bitcoin will not go to a"}, {"start": "00:54:12", "end": "00:54:19", "text": "million bucks without without you know it's it's mathematically impossible to be in a bare trend and go to a million"}, {"start": "00:54:19", "end": "00:54:24", "text": "bucks. It's impossible. Cycle not finished. Cycle not okay let's"}, {"start": "00:54:24", "end": "00:54:30", "text": "maybe let's hope let's hope. Let's hope together. Let's let's let's hope. Let's"}, {"start": "00:54:30", "end": "00:54:36", "text": "let's pray. There is I mean there is a chance that it's not finished. It's not zero chance."}, {"start": "00:54:36", "end": "00:54:44", "text": "is not 0.1%. Maybe now it's 15%. But it's uh not finished. So for that, if it like goes"}, {"start": "00:54:44", "end": "00:54:51", "text": "quickly back here, bam, smashes 50 week, then bam, bam, bam, bam, like a freaking Hulk just smashes everything. But it"}, {"start": "00:54:51", "end": "00:54:57", "text": "needs like I it's it's all about the speed, man. If it just bleeds slowly,"}, {"start": "00:54:57", "end": "00:55:03", "text": "the the chances they just go down and down and down and down. the the time is"}, {"start": "00:55:03", "end": "00:55:08", "text": "against is against the bulls because the slow bleed that diminishes this uh"}, {"start": "00:55:08", "end": "00:55:15", "text": "chance of an impulse bull because for us to really go to alltime high, we need"}, {"start": "00:55:15", "end": "00:55:20", "text": "like impulse impulse. It needs to be like this. It needs to be like this, like this."}, {"start": "00:55:20", "end": "00:55:26", "text": "And the longer it takes, this is why time is not on your side. If you're a bull and you want a quick recovery, why"}, {"start": "00:55:26", "end": "00:55:34", "text": "is time not on your side? Because it's all about psychology. Let's say I huddle my bag. I'm a noob. I have no strategy."}, {"start": "00:55:34", "end": "00:55:41", "text": "I don't uh I don't do like Ivan says. I don't click this free training. I don't I don't do that. I don't do I'm a noob."}, {"start": "00:55:41", "end": "00:55:46", "text": "I'm [ __ ] a noob. I have my bag. I huddle. I huddle. I huddle. Then boom,"}, {"start": "00:55:46", "end": "00:55:53", "text": "it goes down. Let's say it goes down 30 40%. Noobs, they become frozen. They're like"}, {"start": "00:55:53", "end": "00:56:00", "text": "uh frozen. They don't know what to do. They feel kind of wrecked, but they become frozen. They don't sell. They"}, {"start": "00:56:00", "end": "00:56:07", "text": "don't sell. No, no, they don't sell. They they they they're prepared for uh they don't Well, they're not prepared for anything to be fair, but they become"}, {"start": "00:56:07", "end": "00:56:12", "text": "frozen. They don't know what the hell is happening. They just hope it returns. If"}, {"start": "00:56:12", "end": "00:56:19", "text": "you have a quick pump, the noob will just enjoy the next leg up and that's"}, {"start": "00:56:19", "end": "00:56:26", "text": "it. If you torture him for months,"}, {"start": "00:56:26", "end": "00:56:31", "text": "for weeks, for months, that noob when he becomes break even again, he's going to"}, {"start": "00:56:31", "end": "00:56:36", "text": "dump the crap. Okay? So that this is why time is important. The longer it passes,"}, {"start": "00:56:36", "end": "00:56:43", "text": "the more pain market participants feel, the higher is the chance that we get rejected by, for example, 50 week or the"}, {"start": "00:56:43", "end": "00:56:50", "text": "200 day. Pure psychology, man. Pure psychology. Imagine, you know, we were at like 80. Imagine, you know, it kind"}, {"start": "00:56:50", "end": "00:56:57", "text": "of slow bleeds to like 85 and then it goes back to 100, it's going to feel like a freaking gift from God to dump at"}, {"start": "00:56:57", "end": "00:57:02", "text": "100. Okay? And that's why we kind of get rejected here. Uh, normally if it's"}, {"start": "00:57:02", "end": "00:57:07", "text": "fast, if it's like super fast like down up, no one has even time to feel pain."}, {"start": "00:57:07", "end": "00:57:13", "text": "So, we just continue and that's it. And the chart also looks strong, of course, like that's another thing. If you have"}, {"start": "00:57:13", "end": "00:57:19", "text": "kind of slow bleed and then kind of slow bleed up to some moving average and chart doesn't look too promising. It's"}, {"start": "00:57:19", "end": "00:57:25", "text": "kind of bleeded up kind of struggled its way up. Okay, now it's at you dump. If"}, {"start": "00:57:25", "end": "00:57:31", "text": "it's not only you didn't feel any pain, you barely felt any pain. But also the chart is strong. It just comes back and"}, {"start": "00:57:31", "end": "00:57:37", "text": "wrecks all of the levels to the upside. Then why you sell? Why you sell? You don't sell. You don't sell. So that that"}, {"start": "00:57:37", "end": "00:57:42", "text": "like based on psychology, you need fast. I keep repeating that we need fast. We need fast. We need fast. Instead go"}, {"start": "00:57:42", "end": "00:57:50", "text": "slower. I said here we need fast. I'm saying here we need fast. I said here we we need fast. It it it doesn't happen. So the more torture we have, the higher"}, {"start": "00:57:50", "end": "00:57:56", "text": "is the chance of getting rejected. I mean it's simple. It's not zero chance. It can still get uh sorry it's not 100%"}, {"start": "00:57:56", "end": "00:58:02", "text": "chance. It can still get get past it but it's you know we're working with probabilities. So we need to we we need"}, {"start": "00:58:02", "end": "00:58:08", "text": "to have all of the all of the scenarios covered. Anyway guys that's it. Big"}, {"start": "00:58:08", "end": "00:58:13", "text": "shout out to Guzman for time stamping us today. Big shout out everyone who is here. Thanks for great questions. I"}, {"start": "00:58:13", "end": "00:58:19", "text": "mean, actually, the Q&A is is very nice. Very nice. Uh I I love the questions. The questions are very good. Uh it's"}, {"start": "00:58:19", "end": "00:58:24", "text": "very we explore a lot here. We explore a lot. So, smash up the like, subscribe."}, {"start": "00:58:24", "end": "00:58:30", "text": "Uh check the link below for training. You got to train. So, next bull market you feel is great and not that it's you"}, {"start": "00:58:30", "end": "00:58:36", "text": "know the worst bull market. Am I saying bull? Did I say bull market or bare market? Sometimes I say bull market, but"}, {"start": "00:58:36", "end": "00:58:41", "text": "my brain thinks I said bare or vice versa. And sometimes I did say that. Anyway, so next bull market if you feel"}, {"start": "00:58:41", "end": "00:58:47", "text": "that this one sucked and this and that uh uh train train and you have uh stocks"}, {"start": "00:58:47", "end": "00:58:56", "text": "to to train on now because they they trend to the upside still. They trend a lot to the upside. We're adding now stocks to the uh to to money scanner all"}, {"start": "00:58:56", "end": "00:59:02", "text": "the songs they're coming coming in hot coming in big in a big big way bigly bigly bigly. Now what is interesting I"}, {"start": "00:59:02", "end": "00:59:10", "text": "got to tell you something that's that actually stunks I know sorry sorry never mind never mind"}, {"start": "00:59:10", "end": "00:59:17", "text": "this argument was based on a yeah never mind that's it guys see you"}, {"start": "00:59:17", "end": "00:59:22", "text": "see you see you see you uh very soon check the link bum bum bum and goodbye"}, {"start": "00:59:22", "end": "00:59:25", "text": "guys goodbye goodbye goodbye All right."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Dab is here. Everyone is here. Let's go as soon as possible. Oh yes. Oh yes. Oh yes. Oh yes. Guys, welcome to another"}, {"start": "00:00:06", "end": "00:00:13", "text": "episode. And as you can see right now, Bitcoin is at 91. We are quite strongly below the 50week moving average. We are"}, {"start": "00:00:13", "end": "00:00:18", "text": "quite strongly still below the money line flip to the bearish side, which"}, {"start": "00:00:18", "end": "00:00:23", "text": "means that we are a bit in a crypto wonderland. Win winter wonderland, guys."}, {"start": "00:00:23", "end": "00:00:30", "text": "We're in winter. You know, you better watch out. And in winter you may have a big fat grizzly bear around the corner."}, {"start": "00:00:30", "end": "00:00:37", "text": "You never know. Polar bear bears everywhere. Many people are scared. Many people are very very scared running for"}, {"start": "00:00:37", "end": "00:00:42", "text": "the hills. But in reality, I'm here to tell you that the bare markets are actually very good. It's they are"}, {"start": "00:00:42", "end": "00:00:49", "text": "fantastic because that's where you have deals. If you want deals, if if you want good deal, it's always when the bare"}, {"start": "00:00:49", "end": "00:00:56", "text": "market comes, resets the sentiment, everyone is panicking and we are stepping in. when the bare trend where"}, {"start": "00:00:56", "end": "00:01:02", "text": "the bare trend is flipping into bullsh very very very important and you know"}, {"start": "00:01:02", "end": "00:01:09", "text": "many people have been saying Ivan this bull market is the worst ever let me know if you recognize it in the chat it's the worst ever it's worst bull"}, {"start": "00:01:09", "end": "00:01:16", "text": "market ever have you have you heard that that this this bull cycle was so bad this was so bad and people are"}, {"start": "00:01:16", "end": "00:01:21", "text": "complaining but the reason people are complaining in many cases is because they have had zero preparation they're"}, {"start": "00:01:21", "end": "00:01:27", "text": "mentally not prepared I also see many people confused bill where they're saying but Ivan you said let's say that"}, {"start": "00:01:27", "end": "00:01:33", "text": "Sana has a chance to go to 1K and they don't understand that we look at the price we look at the price we have"}, {"start": "00:01:33", "end": "00:01:39", "text": "different targets it's all about potential I mean there's potential that for example Sana could have gone to 1K"}, {"start": "00:01:39", "end": "00:01:45", "text": "if it goes to where XRP is but if the price goes against us we listen to the price I mean that's one example of"}, {"start": "00:01:45", "end": "00:01:52", "text": "misunderstanding but anyway I want to tell you that the most important thing is to not waste the bare market because"}, {"start": "00:01:52", "end": "00:01:57", "text": "that's where you have literally literally free stuff. It's it's everywhere, you know. It's like a"}, {"start": "00:01:57", "end": "00:02:03", "text": "Christmas presents. It's winter wonderland. You have the bear. You have the presents under the tree. And if you"}, {"start": "00:02:03", "end": "00:02:08", "text": "feel if you feel that this bull market was the worst ever, you need to to watch"}, {"start": "00:02:08", "end": "00:02:14", "text": "the training below. I just put a new link. You may have to refresh the page. It's bullmania.com/bear."}, {"start": "00:02:14", "end": "00:02:20", "text": "Free training. Just watch it about the mechanical rules. Why is it so important? Because you need to prepare"}, {"start": "00:02:20", "end": "00:02:25", "text": "for the next bull. Very key. the next bull is going to come and I think that the next bull is going to be the biggest"}, {"start": "00:02:25", "end": "00:02:32", "text": "ever because we will be entering the endgame the endgame for crypto where basically the fiat the fiat is taking"}, {"start": "00:02:32", "end": "00:02:38", "text": "the last breaths uh crypto is taking over in ways we've not seen bitcoin going towards a million we've been saying that bitcoin is going to go"}, {"start": "00:02:38", "end": "00:02:43", "text": "towards a million h in the next cycle when you have the fed chair replaced and"}, {"start": "00:02:43", "end": "00:02:49", "text": "we're going to be listening to that by the way very soon Trump is interviewing the next fed chairs is going to be an"}, {"start": "00:02:49", "end": "00:02:56", "text": "insane dove he's gonna put a big fat dove. Okay. Not um not Hawk. We don't"}, {"start": "00:02:56", "end": "00:03:01", "text": "want Hawk. Want a big fat Dove. Okay. And he's looking. He's looking. He's looking. Trump is going to fight a big"}, {"start": "00:03:01", "end": "00:03:06", "text": "big dub and put him as Fed chair. That's going to happen. Also, you will have the"}, {"start": "00:03:06", "end": "00:03:12", "text": "printing to to support the big beautiful bill. And big beautiful bill is not Bill Clinton. In this case, we're not"}, {"start": "00:03:12", "end": "00:03:18", "text": "speaking about Bill Clinton. Many people are confused. The big beautiful bill."}, {"start": "00:03:18", "end": "00:03:24", "text": "It's not Bill. It is the actual bill we're speaking about here. They will have to finance it. They will have to finance it. So as we are looking into"}, {"start": "00:03:24", "end": "00:03:30", "text": "2026, you need to understand that we will have such opportunities that this"}, {"start": "00:03:30", "end": "00:03:36", "text": "world has never seen since January 2023. Okay? And most people fumble because they don't have the mindset. They don't"}, {"start": "00:03:36", "end": "00:03:42", "text": "understand. They either enter too late or they fall into the wrong things. They hold things in a downtrend. I mean,"}, {"start": "00:03:42", "end": "00:03:48", "text": "that's another thing with the mechanical rules that we that you you're going to learn in this in this free training below. Don't hold stuff in a downtrend."}, {"start": "00:03:48", "end": "00:03:54", "text": "I think you know the killers of dreams for many people have been coins like dot"}, {"start": "00:03:54", "end": "00:04:01", "text": "or or atom or atom. They were supposed to pump. People were waiting for forever for uh for all season for all season"}, {"start": "00:04:01", "end": "00:04:06", "text": "pump. But we actually saw that they're in a downtrend without any help. They're"}, {"start": "00:04:06", "end": "00:04:12", "text": "hopelessly in a downtrend. When you have hopeless downtrend, it's not going to come back, man. And if it comes back,"}, {"start": "00:04:12", "end": "00:04:17", "text": "you're going to see that it's now in a in an uptrend in a bull trend. You can enter that. It's super simple stuff,"}, {"start": "00:04:17", "end": "00:04:25", "text": "guys. Simple simple stuff. So anyway, what do we see on the chart right now? We see the beginning of a bare trend. Uh"}, {"start": "00:04:25", "end": "00:04:30", "text": "very clear one. Uh can we see a massive pump to the upside? I actually expect a"}, {"start": "00:04:30", "end": "00:04:37", "text": "massive pump to the upside guys very soon. And uh uh what we need to uh look at here is that uh is likely going to go"}, {"start": "00:04:37", "end": "00:04:43", "text": "back to 50 week and if bare trend is to continue is going to get rejected. Okay."}, {"start": "00:04:43", "end": "00:04:48", "text": "So I'm actually kind of expecting it to go back to 100K soon guys. Okay. Uh many"}, {"start": "00:04:48", "end": "00:04:54", "text": "people will say, \"Okay, bull market back this and that.\" Um obviously there's a chance that the bull market is back this"}, {"start": "00:04:54", "end": "00:05:01", "text": "and that, but we're not buying that narrative until we're above the bull bull flip at 122. If Bitcoin can go to"}, {"start": "00:05:01", "end": "00:05:07", "text": "122, uh then it's a different story. Uh but uh if it is a pump like this to"}, {"start": "00:05:07", "end": "00:05:12", "text": "50week moving average and then bop man, what is this? This is this is crazy."}, {"start": "00:05:12", "end": "00:05:18", "text": "It's crazy. This is not good. This is not good. Okay, but I'm actually expecting this. I'm not sure it's going to be now. Maybe, you know, we're going"}, {"start": "00:05:18", "end": "00:05:25", "text": "to be derping around here and then we'll we'll come back. But always there is this um bare early bare rally. Okay,"}, {"start": "00:05:25", "end": "00:05:31", "text": "early bear rally. And you need to see it for what it is. It is early bear rally. Okay, bare market just started. People"}, {"start": "00:05:31", "end": "00:05:38", "text": "are still kind of they they haven't accepted that uh we're in winter wonderland. You better watch out. You"}, {"start": "00:05:38", "end": "00:05:43", "text": "better not cry. Is that how you say it? You better not uh be too crazy. And and"}, {"start": "00:05:43", "end": "00:05:50", "text": "the white Is that how you say it? I I don't know. But anyway, uh what happened? Yeah. So,"}, {"start": "00:05:50", "end": "00:05:55", "text": "uh the the the the bounce the bounce may happen. Uh normally it happens. Most"}, {"start": "00:05:55", "end": "00:06:01", "text": "people haven't understood yet where we are in what kind of beautiful winter wonderland we are. So, they think is is"}, {"start": "00:06:01", "end": "00:06:06", "text": "bulls are back. They they say that the bulls are back. And so, bulls are not"}, {"start": "00:06:06", "end": "00:06:12", "text": "back, guys. Instead, it's another trap. It's another trap. And um people get"}, {"start": "00:06:12", "end": "00:06:19", "text": "drawn in. They they they don't derisk even though we're in a freaking bare trend. They think we're going to come back. So they don't derisk. They get"}, {"start": "00:06:19", "end": "00:06:27", "text": "false hope and then their hopes get crushed as we continue down. It's classic classic textbook stuff. If you"}, {"start": "00:06:27", "end": "00:06:34", "text": "uh look here in the last bear, this is what happened guys. This is what happened. You did see you better watch"}, {"start": "00:06:34", "end": "00:06:41", "text": "out. Winter wonderland starts. But then you see if like a month of pump towards the 50 week. Okay, like a month of pump"}, {"start": "00:06:41", "end": "00:06:47", "text": "to and we even had a close above the 50 week and then we went down again. We basically got rejected. We didn't"}, {"start": "00:06:47", "end": "00:06:52", "text": "establish ourselves. So this kind of stuff can absolutely happen and I am expecting it. So I'm I'm kind of"}, {"start": "00:06:52", "end": "00:06:57", "text": "expecting a pump towards 100. So let's see the way to treat it. The way I would"}, {"start": "00:06:57", "end": "00:07:04", "text": "be treating it is another chance to to risk off at this at this point because we are now bare bias guys. We're bare"}, {"start": "00:07:04", "end": "00:07:09", "text": "bias. I mean it is what it is. I don't want to sugar call too much. We're bare bias. We're bare bias and um we're bare"}, {"start": "00:07:09", "end": "00:07:16", "text": "biased because we follow the mechanical rules. We have a system in place and we're now going towards our uh our"}, {"start": "00:07:16", "end": "00:07:22", "text": "allocation of 30% uh that we're going to huddle to throughout the bear. So as you remember"}, {"start": "00:07:22", "end": "00:07:27", "text": "right here on October 8th we said that where was it here? October 8th we said"}, {"start": "00:07:27", "end": "00:07:34", "text": "that we are the risking from 100 to 70 and we we did that throughout the weeks here and now that we're below we go from"}, {"start": "00:07:34", "end": "00:07:39", "text": "70 to 30. Okay. And we're going to huddle thirsty through through the everything through everything because"}, {"start": "00:07:39", "end": "00:07:45", "text": "Bitcoin is Bitcoin. It is fiat goes to zero. We also going to have a bit of Bitcoin. Okay. But I'm I'm here to tell"}, {"start": "00:07:45", "end": "00:07:55", "text": "you that um uh it's winter wonderland. You better watch out. You better not cry. Big fat bear is is here to fry you."}, {"start": "00:07:55", "end": "00:08:01", "text": "You is going to fry you and your portfolio if you if you don't uh listen carefully here at what I'm saying. Uh"}, {"start": "00:08:01", "end": "00:08:07", "text": "and what's interesting here is that what is the how far can we go? You know people are asking Ian but so how far how"}, {"start": "00:08:07", "end": "00:08:12", "text": "far how far uh number one any target is infotainment just just want to remind"}, {"start": "00:08:12", "end": "00:08:18", "text": "because people are confused sometimes when we speak about targets I need I need need to remind everyone it's infotainment if the trend turns bullish"}, {"start": "00:08:18", "end": "00:08:25", "text": "before we hit the target we're bullish okay but as infotainment as some speculation how far can we fall within"}, {"start": "00:08:25", "end": "00:08:30", "text": "this winter wonderland likely we going to revisit this 200 week"}, {"start": "00:08:30", "end": "00:08:37", "text": "moving average it is going up a bit slowly I mean how you extrapolate something like this. So, you know, it's"}, {"start": "00:08:37", "end": "00:08:43", "text": "somewhere here at, you know, 60 50 depending on when we do it. Let's say we go something like this. But, um, this is"}, {"start": "00:08:43", "end": "00:08:51", "text": "this would be not too crazy that we basically go back to the fair value, which is around it's around the the 200"}, {"start": "00:08:51", "end": "00:08:59", "text": "week moving average. Last cycle, we did go below it. We did go a bit below it, but uh, in general, it's a good um it's"}, {"start": "00:08:59", "end": "00:09:06", "text": "it's a good it's a it's a good target. It's a good target. If you look at the past cycles before that, it it did held"}, {"start": "00:09:06", "end": "00:09:12", "text": "up quite nicely. Uh this one here, we did go a bit below it, but uh yeah, I"}, {"start": "00:09:12", "end": "00:09:18", "text": "mean it's it's still accurate model. It was just how many let's see how many candles we were like really deviating"}, {"start": "00:09:18", "end": "00:09:24", "text": "from it. Yeah, maybe like 20 weeks. Okay. Out of like years and years and years and years and years and years. So"}, {"start": "00:09:24", "end": "00:09:30", "text": "I would say that it's it's still a good a good target even though we kind of went below. Here it held very nicely."}, {"start": "00:09:30", "end": "00:09:37", "text": "Here it held very nicely. I mean throughout history it has held uh quite nicely. So currently it is at 55 but it"}, {"start": "00:09:37", "end": "00:09:44", "text": "is going up and up and up and up and up. So by the time we touch it probably it's going to be at 60 something. And so this"}, {"start": "00:09:44", "end": "00:09:49", "text": "bare market is therefore a bit of a uh shallow. You know it's not this crazy"}, {"start": "00:09:49", "end": "00:09:55", "text": "winter wonderland. It's not like you're going to Siberia. It's not like you go to Yakutsk where it is -60 degrees. I"}, {"start": "00:09:55", "end": "00:10:01", "text": "just saw a video yesterday on YouTube from Yakutsk. There was some lady showing her apartment at -60\u00b0."}, {"start": "00:10:01", "end": "00:10:06", "text": "So yakus we had already last cycle. This one maybe is going to be you know kind"}, {"start": "00:10:06", "end": "00:10:14", "text": "of uh Stockholm or something you know a bit cold a bit cold a bit winter still still winter wonderland"}, {"start": "00:10:14", "end": "00:10:23", "text": "but because we did not have euphoria likely it's not going to be too crazy down either. And so if we look at here"}, {"start": "00:10:23", "end": "00:10:30", "text": "to I mean let's say we kind of meet here maybe it's just 50% down. So all in all"}, {"start": "00:10:30", "end": "00:10:37", "text": "uh not too not too bad. I mean listen not too bad. And let's say you are uh frozen uh like Elsa in the movie Frozen"}, {"start": "00:10:37", "end": "00:10:44", "text": "but your portfolio is frozen because you didn't have a plan. So you're kind of stuck here. Uh if we just go to the"}, {"start": "00:10:44", "end": "00:10:49", "text": "target is only minus 40% for you. Okay guys, uh no not to not to make you feel"}, {"start": "00:10:49", "end": "00:10:56", "text": "feel worse if you didn't risk or anything but uh it's minus 40% to current 200 week but likely it's going"}, {"start": "00:10:56", "end": "00:11:02", "text": "to go up a bit before we touch it. So your torture like if you just want to huddle huddle huddle you don't want to"}, {"start": "00:11:02", "end": "00:11:10", "text": "you know you you you just keep it simple maybe it's another 30% down okay so you already survived like half of it see if"}, {"start": "00:11:10", "end": "00:11:15", "text": "we are to twist things around put it a bit in a bullish perspective because man people need some bullishness here I want"}, {"start": "00:11:15", "end": "00:11:22", "text": "to provide positivity I want to provide bullishness I want to ensure that you enjoy the winter wonderland in whatever"}, {"start": "00:11:22", "end": "00:11:28", "text": "capacity okay now guys if you have alts this is where we have to be serious if you have Bitcoin see Bitcoin you're"}, {"start": "00:11:28", "end": "00:11:34", "text": "always kind of thirsty if maybe you're only halfway through the wreckage, okay? If you didn't risk or anything, okay,"}, {"start": "00:11:34", "end": "00:11:40", "text": "that uh but altcoins, guys, man, all coins, you you you have to be so careful. You have to be so careful,"}, {"start": "00:11:40", "end": "00:11:45", "text": "okay? You have to be so careful because this thing with alts, they do go down"}, {"start": "00:11:45", "end": "00:11:52", "text": "90%. I mean, it is what it is. And uh they don't have too much liquidity, they don't have too much bid. And so those"}, {"start": "00:11:52", "end": "00:11:59", "text": "ones if they are in b in bare trend most of them are h you have to be super careful man you have to be super careful"}, {"start": "00:11:59", "end": "00:12:05", "text": "the analysis here holds for bit like for bitcoin I can understand you know some some bitcoin you're saying I'm just going to huddle through it okay rod dog"}, {"start": "00:12:05", "end": "00:12:11", "text": "is that say just a raw dog it's okay like it's okay I'm going to"}, {"start": "00:12:11", "end": "00:12:18", "text": "rod dog with 30% of my of my portfolio and then with 70 we're going to be buying when it flips uh bullish again"}, {"start": "00:12:18", "end": "00:12:23", "text": "okay uh but u with all coins man you have to Be careful. You have to be careful. Go watch the training. I mean,"}, {"start": "00:12:23", "end": "00:12:29", "text": "better to watch the free training than to go through 90% down because I know many people have odds. And if you just"}, {"start": "00:12:29", "end": "00:12:34", "text": "think about what will happen to your financial situation if they go down 90%. Holy crap, guys. I mean, you don't want"}, {"start": "00:12:34", "end": "00:12:41", "text": "that. Yeah, I'm telling you, you don't want that. You don't want that because also likely they will not come back. Okay? Likely will not. Solanda will come"}, {"start": "00:12:41", "end": "00:12:48", "text": "back. E likely going to come back. Um, Zcash is is going to like the quality"}, {"start": "00:12:48", "end": "00:12:54", "text": "stuff with users is going to come back. The problem is that in many cases all coins that have been even those that"}, {"start": "00:12:54", "end": "00:13:00", "text": "have been doing well this cycle uh you know it's a it's a play within the cycle and then whether they're going to come"}, {"start": "00:13:00", "end": "00:13:06", "text": "back next cycle is a big question because a lot of them are speculations without any big user groups. So that's"}, {"start": "00:13:06", "end": "00:13:14", "text": "why even if you had a big big pump it's not necessarily that you're going to have a comeback in the next cycle. So"}, {"start": "00:13:14", "end": "00:13:19", "text": "that's that. Uh guys, in terms of the uh death cross, we kind of discussed it, but people have been saying, Ivan, is"}, {"start": "00:13:19", "end": "00:13:25", "text": "death cross bullish? Because now we have a death cross. Here it was bullish. If we continued up here, it was bullish. We"}, {"start": "00:13:25", "end": "00:13:32", "text": "continued up. Here it was bullish, it continued up. Just a short comment here. All of these different times here uh on"}, {"start": "00:13:32", "end": "00:13:37", "text": "the uh on the chart, we were in a bull trend. We were above the 50we moving average. So this is why this one I think"}, {"start": "00:13:37", "end": "00:13:43", "text": "is is going to be a bit different because uh we are now below 50 week. We're bearish on the money line. So this"}, {"start": "00:13:43", "end": "00:13:49", "text": "is not just you know chopping. It's not it's a trend change here. All of these other ones it was just chop. You know"}, {"start": "00:13:49", "end": "00:13:54", "text": "here was a bit of chop here was a bit of chop. It's a bit of chop. But uh now that we're below personally I'm I'm"}, {"start": "00:13:54", "end": "00:14:01", "text": "seeing it based on the trend and u and that's it. So you remember in the last uh death crosses we also said don't"}, {"start": "00:14:01", "end": "00:14:06", "text": "worry because the trend was still up. Everything was still up. But now that the trend is down I mean I'm looking through the through the lens of the"}, {"start": "00:14:06", "end": "00:14:12", "text": "trend. The trend is down. We're below 50 moving average. It is what it is. No room for emotion, but we can enjoy the"}, {"start": "00:14:12", "end": "00:14:18", "text": "the winter wonderland together instead. Okay, so that's why the death cross. I"}, {"start": "00:14:18", "end": "00:14:26", "text": "don't see it as bullish. People have been asking, but anyways, we have a lot. We have a lot. We have a lot. Well, welcome, welcome, welcome. Big shout out to uh to Guzman for time stamping us"}, {"start": "00:14:26", "end": "00:14:31", "text": "today. Let me know how you doing this fantastic Wednesday. Or is it Wednesday? Fantastic. Fantastic. Fantastic. And let"}, {"start": "00:14:31", "end": "00:14:36", "text": "me know if you if you enjoy the the the uh the winter wonderland. Let me know if"}, {"start": "00:14:36", "end": "00:14:41", "text": "you love the winter wonderland. Let me know if you are excited for the winter wonderland. Let me know if you are going"}, {"start": "00:14:41", "end": "00:14:47", "text": "to uh if you have plans for this uh for this bare market or you're just going to struggle and uh and be depressed and"}, {"start": "00:14:47", "end": "00:14:53", "text": "that's it. Because it's all about mindness at the end. It's all about mindset. The mindset is uh has to be"}, {"start": "00:14:53", "end": "00:15:00", "text": "that the this is the time for a change. This is the time to prepare. If you thought if you thought that the last"}, {"start": "00:15:00", "end": "00:15:06", "text": "bull market was uh was a bad one, you got disappointed. Maybe you held alts in a in a downtrend. I mean, listen, we've"}, {"start": "00:15:06", "end": "00:15:13", "text": "all been there. I've been there since 2013. I've been holding all kinds of crap in a downtrend. And um uh when you"}, {"start": "00:15:13", "end": "00:15:18", "text": "when you learn through pain, that lesson sticks. Okay? And my lesson, I can tell"}, {"start": "00:15:18", "end": "00:15:23", "text": "you it sticks in a big big way. So I never huddle stuff in a downsh never never never it's never worth it. No"}, {"start": "00:15:23", "end": "00:15:30", "text": "matter what kind of narrative, no matter what kind of great tech, no matter how wholesome the project is, man, some guy"}, {"start": "00:15:30", "end": "00:15:35", "text": "I love I love this guy. I don't want to name names, but he's a great guy in our in our Discord, but I will never forget."}, {"start": "00:15:35", "end": "00:15:43", "text": "He said that Ivan, you're not wholesome because you you you don't care about tech. You only care about trend."}, {"start": "00:15:43", "end": "00:15:51", "text": "I I I sent him to do the to do the education. He needs he needs to do re re-education camp."}, {"start": "00:15:52", "end": "00:15:57", "text": "And remember, I'm I'm I'm a developer myself. I love tech. I love tech. It's just that great tech has has been"}, {"start": "00:15:57", "end": "00:16:03", "text": "wrecking me so much. Like, it's been wrecking me. So, it's like the biggest wreckage. Look at"}, {"start": "00:16:03", "end": "00:16:12", "text": "chart, you know, Cosmos. It's very wholesome. It's very wholesome. Very wholesome community. Very wholesome uh"}, {"start": "00:16:12", "end": "00:16:19", "text": "system, you know, tech tech. So wholesome. So wholesome. I love so wholesome chart, man. It's that one is,"}, {"start": "00:16:19", "end": "00:16:26", "text": "you know, you know what is the what is the name for a dude that is the worst. It's not widow, but you know, kind of"}, {"start": "00:16:26", "end": "00:16:31", "text": "the worst dude maker. Okay. Uh it's not a widowmaker, but a worst dude maker."}, {"start": "00:16:31", "end": "00:16:37", "text": "Okay. This is Atom, guys. This is Atom. This is how wholesome it is. Uh, when we"}, {"start": "00:16:37", "end": "00:16:43", "text": "hit 5K, my wife left me. Okay. This is the the divorced dude. Uh, dude maker,"}, {"start": "00:16:43", "end": "00:16:49", "text": "ATM. Okay. But so wholesome, so wholesome. So wholesome. It's so so nice. Take. So nice. Take take base."}, {"start": "00:16:49", "end": "00:16:58", "text": "Take base. Okay. Now, another one. Another one. As you know, it is Dot. Another divorce dude maker. Okay. Ah, so"}, {"start": "00:16:58", "end": "00:17:04", "text": "wholesome, man. It's so wholesome. So great. Thanks. So great, man."}, {"start": "00:17:04", "end": "00:17:10", "text": "Never hodddle downtrend. Understand position sizing. Understand how all of this works and understand that bare"}, {"start": "00:17:10", "end": "00:17:15", "text": "market is literally a wonder. It's a winter wonderland. Bachelor. No, but bachelor sounds good. You know, it's"}, {"start": "00:17:15", "end": "00:17:21", "text": "like, you know, bachelor like it sounds too good. It needs to be What is the like depressed bachelor?"}, {"start": "00:17:21", "end": "00:17:27", "text": "The dep the depressed bachelor. Kind of like the whale guy in that movie, you know, the whale. The whale the movie"}, {"start": "00:17:27", "end": "00:17:32", "text": "whale. Okay. Kind of like that guy. Okay. the whale movie guy maker."}, {"start": "00:17:32", "end": "00:17:38", "text": "What's what's the name of that guy of the actor in the whale? He's um I saw like a whole documentary about him. How"}, {"start": "00:17:38", "end": "00:17:46", "text": "he got uh banned from Hollywood for like 10 plus years. What's his name? The the whale guy. Uh you know the obese whale"}, {"start": "00:17:46", "end": "00:17:52", "text": "guy in in the movie and now he's coming back. And now he's coming back. But a Brandon Fraser. Exactly. Go and check"}, {"start": "00:17:52", "end": "00:17:59", "text": "out a YouTube movie about him, the documentary. He got uh excluded from Hollywood for 10 plus years because of"}, {"start": "00:17:59", "end": "00:18:07", "text": "some um business you going to you're going to learn and now he's back. So anyway that that dot and atom they are"}, {"start": "00:18:07", "end": "00:18:13", "text": "the whale maker but not the crypto whale but Jason Fraser Jason Fraser whale. Anyway guys go check below the link. Go"}, {"start": "00:18:13", "end": "00:18:18", "text": "learn bum bum bum bum bum. Big shout out to dab for timestamping us. Smash up the like. Subscribe to the channel if you"}, {"start": "00:18:18", "end": "00:18:26", "text": "haven't yet. And with that being said, let's go and check what the hell is happening with the markets. Let's see"}, {"start": "00:18:26", "end": "00:18:31", "text": "first and foremost the Q uh Q4 November what's happening. Guys, we said that we"}, {"start": "00:18:31", "end": "00:18:38", "text": "don't want this minus 3% minus 36. Uh yeah, I mean we're kind of heading there. We're kind of heading there."}, {"start": "00:18:38", "end": "00:18:43", "text": "Maybe we're going to ship turn the ship around and uh let's see if we can turn"}, {"start": "00:18:43", "end": "00:18:48", "text": "the ship, but uh yeah, for now we're kind of heading for this one. So, let's see if we're going to go all the way to"}, {"start": "00:18:48", "end": "00:18:54", "text": "35 or maybe we're going to stop at 20 or maybe we're going to turn the ship around. But, uh, you remember we said,"}, {"start": "00:18:54", "end": "00:19:01", "text": "\"Hey, listen. It's minus 3.\" Last time we had minus 3, it was here and then it came minus uh 16 and we actually got the"}, {"start": "00:19:01", "end": "00:19:06", "text": "hunt for red October. We said we don't want the hunt of red octo. We were so excited for for pumptober until October"}, {"start": "00:19:06", "end": "00:19:14", "text": "8th. Okay, October 8th. We changed changed our lights, changed everything. Since then we are risk off and uh yeah"}, {"start": "00:19:14", "end": "00:19:22", "text": "we did we did get the hunt for red October and then November going towards minus uh 20 now soonus 20 and yeah let's"}, {"start": "00:19:22", "end": "00:19:28", "text": "see if it if it's going to go towards minus 36 but the thing is here's the positive thing here's the positive thing"}, {"start": "00:19:28", "end": "00:19:34", "text": "as always we want to give you positivity I want to give you positivity into your life especially now that the markets are"}, {"start": "00:19:34", "end": "00:19:39", "text": "a bit winter wonderland so the good thing here's the good thing the faster"}, {"start": "00:19:39", "end": "00:19:44", "text": "we fall the better. The faster we fall, the better. Uh the accelerated dump kind"}, {"start": "00:19:44", "end": "00:19:49", "text": "of, you know, we we fast forward. Let's go to that 200 week moving average fast"}, {"start": "00:19:49", "end": "00:19:56", "text": "and bump and then go to million. Okay. Uh it always when you have a fast dump, it kind of increases the chance of uh of"}, {"start": "00:19:56", "end": "00:20:04", "text": "a faster recovery because you have capitulation, you have emotion. So when you have a true true capitulation, which"}, {"start": "00:20:04", "end": "00:20:10", "text": "probably we still haven't truly had, I mean people so still so positive."}, {"start": "00:20:10", "end": "00:20:15", "text": "or at least many of them many of them obviously it decreases but I remember many people said that October 10th was"}, {"start": "00:20:15", "end": "00:20:22", "text": "capitulation but no no because I I I said that we need to be riskoff I got so much hate it was crazy it was crazy"}, {"start": "00:20:22", "end": "00:20:28", "text": "basically it was only CTO Larson and I this is what he said the CT Larson Ivan and I posted bare content on 8th 9th"}, {"start": "00:20:28", "end": "00:20:33", "text": "October just after the top now a month later when it's time to look for a bounce everyone else is getting bearish"}, {"start": "00:20:33", "end": "00:20:39", "text": "this by the way about the bounce we're expecting the bounce uh towards the 100k and then likely rejection but let's"}, {"start": "00:20:39", "end": "00:20:45", "text": "So uh when we had the 10th of October I said likely this not capitulation it's"}, {"start": "00:20:45", "end": "00:20:50", "text": "not going to be Vshape because so many man they're too positive they're you say a bear opinion you get too much hate now"}, {"start": "00:20:50", "end": "00:20:57", "text": "obviously more a bit more people are bearish but still it's not this is not how it was in the last bear the true"}, {"start": "00:20:57", "end": "00:21:05", "text": "bear the true bear uh but it is I mean the the overall sentiment is getting more uh towards the winter wonderland so"}, {"start": "00:21:05", "end": "00:21:11", "text": "yeah it's actually from a recovery perspective not too bad If we get super bearish, let's say we flash to like 70"}, {"start": "00:21:11", "end": "00:21:17", "text": "60 it would be actually good for the recovery perspective. It's good when you"}, {"start": "00:21:17", "end": "00:21:22", "text": "have flash. Okay. Now guys, this is what you don't uh you need to see who you're"}, {"start": "00:21:22", "end": "00:21:29", "text": "following, who you're following because I see many people on the timeline doing something like this. When we dump, they"}, {"start": "00:21:29", "end": "00:21:34", "text": "say this dip is a gift. Buy the dip. Buy the dip. Buy the dip. We dump more. They say this is the final shake out. Buy the"}, {"start": "00:21:34", "end": "00:21:41", "text": "dip. Buy the dip. Buy the dip. Buy the dip. This is uh we dump even more to 100K. This is a strong support level."}, {"start": "00:21:41", "end": "00:21:48", "text": "90K. This is a normal bull market pullback. And then when we're already down like you know 30 40% they say"}, {"start": "00:21:48", "end": "00:21:56", "text": "that's why risk management is so important guys. Hope you took profits on the way up."}, {"start": "00:21:56", "end": "00:22:02", "text": "And this is in contrast to me and CTO Larson who've been literally telling you on the freaking 8th of October taking"}, {"start": "00:22:02", "end": "00:22:08", "text": "all the hate, taking all of the, you know, all of the attacks, people literally spitting in our faces. While"}, {"start": "00:22:08", "end": "00:22:13", "text": "this this is like, you know, low effort, this kind of low effort where listen, if"}, {"start": "00:22:13", "end": "00:22:20", "text": "you say buy the dip, no one's going to blame me for that. Even if it's like the worst uh worst call ever, you're still going to be you're not going to get any"}, {"start": "00:22:20", "end": "00:22:25", "text": "any blame for that. So let me know if you if you appreciate that CTO and I"}, {"start": "00:22:25", "end": "00:22:32", "text": "we've been sticking our neck up here neck out. We've been sticking our neck out for you here because what we could have done is something like this. Buy"}, {"start": "00:22:32", "end": "00:22:39", "text": "the dip. Buy the dip. Buy the dip. We are going down. Bye. But by the dip turn"}, {"start": "00:22:39", "end": "00:22:44", "text": "and then Oh guys hope this is why risk management is so important."}, {"start": "00:22:46", "end": "00:22:52", "text": "But you're down 70. Oh guys hope you you know this is why risk management is so important."}, {"start": "00:22:57", "end": "00:23:03", "text": "Crazy, crazy, crazy. Don't forget risk management, guys. This is why risk management is so important."}, {"start": "00:23:03", "end": "00:23:09", "text": "Now, guys, let's listen to I have some bearish videos. I have some bullish videos. So, let me take the bearish ones"}, {"start": "00:23:09", "end": "00:23:14", "text": "first and then we're going to go into the into the bullish ones later on. So, we end the show on a on a good note. So,"}, {"start": "00:23:14", "end": "00:23:21", "text": "first and foremost, um now we have Mark Yusco coming out saying that we are entering winter wonderland. isters."}, {"start": "00:23:21", "end": "00:23:28", "text": "I know people don't want me to say it, but I think we're in crypto winter. It's likely we fall not just back to fair"}, {"start": "00:23:28", "end": "00:23:33", "text": "value, but probably below. Well, why should we fall below what you have?"}, {"start": "00:23:33", "end": "00:23:40", "text": "Well, and by the way, fair value is around 200 week moving average. I mean, that that's normally fair value. Have is a savings asset. You don't have"}, {"start": "00:23:40", "end": "00:23:46", "text": "a speculative asset. The chances of making a quick buck on a 100,000 from"}, {"start": "00:23:46", "end": "00:23:52", "text": "here, I think, are pretty low. So he's I mean here he is quite uh he's"}, {"start": "00:23:52", "end": "00:23:57", "text": "quite bare. He he basically wants a flush. He wants a flush. He's saying that the current levels are too high. He"}, {"start": "00:23:57", "end": "00:24:03", "text": "said with 100k it's like it's it's too high to make money here. It's too it's too high. And I will link you the full"}, {"start": "00:24:03", "end": "00:24:09", "text": "video. You can watch it after the stream. Let me just copy it here. This was just a teaser but it basically"}, {"start": "00:24:09", "end": "00:24:14", "text": "communicates his winter wonderland. I I will just put it here in the in the chat. You can watch it later. So that's"}, {"start": "00:24:14", "end": "00:24:20", "text": "that uh winter wonderland from and then you have another one Mike Mcloan the ETF"}, {"start": "00:24:20", "end": "00:24:28", "text": "analyst. This guy was super bullish. I mean all along with the different ETFs that got listed. Now he is getting a bit"}, {"start": "00:24:28", "end": "00:24:34", "text": "uh m I mean I I would say he's getting maybe a bit too bearish for even my view"}, {"start": "00:24:34", "end": "00:24:41", "text": "because I mean as we said I think as a as a target like infotainment target 50"}, {"start": "00:24:41", "end": "00:24:47", "text": "60 this guy he's he's I mean he's he's too bearish man but listen to this"}, {"start": "00:24:47", "end": "00:24:52", "text": "in 2018 I pointed out when Bitcoin was about 10,000 it was going to drop a zero"}, {"start": "00:24:52", "end": "00:24:58", "text": "I was 70% right 30% I didn't know that he is going to drop"}, {"start": "00:24:58", "end": "00:25:06", "text": "to zero. Okay, I don't know if we should listen too much to him, but you know, it's Mike"}, {"start": "00:25:06", "end": "00:25:11", "text": "Mcloone. He's he's been covering all the ETFs. He has been quite central in this bull market for the ETF space, but I"}, {"start": "00:25:11", "end": "00:25:17", "text": "didn't know that he said business going to go to zero. Anyway, let's let's listen. Let's"}, {"start": "00:25:17", "end": "00:25:22", "text": "listen. 2018, I pointed out when Bitcoin was about 10,000, it was going to drop a"}, {"start": "00:25:22", "end": "00:25:28", "text": "zero. I was 70% right, 30% wrong because it No, man. If you said it's going to go to"}, {"start": "00:25:28", "end": "00:25:34", "text": "zero and it went from 10K to 3K, you're not 70% right. You're not. You're not."}, {"start": "00:25:34", "end": "00:25:41", "text": "If you said, \"Okay, it's going to go to $1, then.\" Yeah. But zero is like you were You basically said it's going to"}, {"start": "00:25:41", "end": "00:25:46", "text": "die. So, you were fully wrong. It did not die. Okay. Come on, man. Come on, man."}, {"start": "00:25:46", "end": "00:25:52", "text": "Went down to 3,000. I'm saying the same thing now. I think it could go back to 10,000. I mean that includes everything"}, {"start": "00:25:52", "end": "00:25:58", "text": "going lower unfortunately means the stock market that's just normal. The key difference is from back then there was"}, {"start": "00:25:58", "end": "00:26:04", "text": "only a few thousand cryptocurrencies. Now there's multi-millions and we've had that piling from ETFs the Trump"}, {"start": "00:26:04", "end": "00:26:10", "text": "administration kicking in and accelerating it and it's classic peak bull market stuff or remember scene in"}, {"start": "00:26:10", "end": "00:26:16", "text": "1999. So in the previous segment Paul mentioned the VIX at 25. You look at that VIX 200 day moving average. It's a"}, {"start": "00:26:16", "end": "00:26:22", "text": "bull flag right now. It's averaging about 19 and a half. And a key fact is"}, {"start": "00:26:22", "end": "00:26:28", "text": "120day realized volatility S&P 500 is around 10%. If we end the year there,"}, {"start": "00:26:28", "end": "00:26:35", "text": "not only is it half the VIX, but it'll be the lowest since 2017. So, I'm specking this Bitcoin um plunge to"}, {"start": "00:26:35", "end": "00:26:41", "text": "trickle down in the stock market, volatility pick up, maybe just get to its average around 16%. And the whole"}, {"start": "00:26:41", "end": "00:26:47", "text": "thing tilts lower into the year end. I don't know what stops it at this point. Wow. Okay, man. Okay, listen, listen,"}, {"start": "00:26:47", "end": "00:26:53", "text": "listen, listen. It is winter wonderland. But no need to overexaggerate because"}, {"start": "00:26:53", "end": "00:26:58", "text": "the thing is I mean we don't know maybe maybe it's going to go today. Like who the hell knows but but but that's why we"}, {"start": "00:26:58", "end": "00:27:04", "text": "just follow the trend man. We just follow we derisk. We follow the trend. And in my case for example with my bag"}, {"start": "00:27:04", "end": "00:27:10", "text": "of uh 30%. I mean I'm it's my you know nuclear winter huddle. I I don't care what the hell happens. If we go to 10k I"}, {"start": "00:27:10", "end": "00:27:17", "text": "still have my bag. That's it of 30%. But this is why you know we risk and then as long as it's bare trend that's it. Uh"}, {"start": "00:27:17", "end": "00:27:22", "text": "targets are very dangerous guys. If we don't have to go to 10, we we could go to 60/50. Maybe we go to 30. Like, who"}, {"start": "00:27:22", "end": "00:27:29", "text": "the hell knows? But when we flip bullish, it's time to be bullish no matter what. No matter what target, no"}, {"start": "00:27:29", "end": "00:27:34", "text": "matter what else stock market weeks, what he's saying here, weeks, weeks has a bull flag. Like, what the hell? Just"}, {"start": "00:27:34", "end": "00:27:40", "text": "look at the freaking trend. Don't make it complex. It's so simple. It's like really the the the strategy with the"}, {"start": "00:27:40", "end": "00:27:46", "text": "trend is so simple. But what you need to understand is how how to act exactly"}, {"start": "00:27:46", "end": "00:27:52", "text": "when you see a trend change. how to position your portfolio exactly how to set stop-loss, how to do all of that."}, {"start": "00:27:52", "end": "00:27:58", "text": "And that's exactly what we explain in the mechanical rules in the link below in that bullmayer.com/bear so you can"}, {"start": "00:27:58", "end": "00:28:05", "text": "prepare for it because yes, it's conceptually easy to follow the trend. But practically there there is an art to"}, {"start": "00:28:05", "end": "00:28:10", "text": "that as well. How to position, how to do position size, how to calculate the u"}, {"start": "00:28:10", "end": "00:28:15", "text": "the stop- loss yada yada. And obviously the mindset, the mindset is important as well to understand what trading really"}, {"start": "00:28:15", "end": "00:28:21", "text": "is. Most people they have no clue. But anyway, Mike Mcloone, uh, I think he's great for ETF an analysis. I I don't"}, {"start": "00:28:21", "end": "00:28:27", "text": "think we should listen to him too much about the market analysis, ETF analysis, he's the best. He I mean, he's the guy"}, {"start": "00:28:27", "end": "00:28:34", "text": "basically that always discuss, you know, the progress of ETF, how ETF is going to get approved, and that's good. But, uh,"}, {"start": "00:28:34", "end": "00:28:40", "text": "listening to him speak about Marquez, um, I would say don't listen because what he's saying is is not practical."}, {"start": "00:28:40", "end": "00:28:46", "text": "Uh, maybe it has some truth to it, but how do you take it and do something practical with it? You going to wait for"}, {"start": "00:28:46", "end": "00:28:52", "text": "10k? What are you going to do instead? You need a system and uh such as for example the mechanical rules so that you"}, {"start": "00:28:52", "end": "00:28:58", "text": "can apply something guys going to the bulls. Going to the bulls. Let me know if you're excited to hear some bullish"}, {"start": "00:28:58", "end": "00:29:05", "text": "perspective because listen guys, we're here for bull for bear. We take everything and then we just look at the freaking chat. But let me know if you"}, {"start": "00:29:05", "end": "00:29:11", "text": "love and then Yeah. Nick Balcunas is another guy. It's another guys. Uh yeah. Yeah,"}, {"start": "00:29:11", "end": "00:29:17", "text": "exactly. Eric Balcunas that that's another guy also. But Mlone is one guy. Balcunas is another guy that the both of"}, {"start": "00:29:17", "end": "00:29:22", "text": "them were speaking a lot about TTM. Anyway guys, so let me know if you make some noise for the bulls. Make some"}, {"start": "00:29:22", "end": "00:29:28", "text": "noise for the bulls who are still saying that we're going to be a rocket ship to"}, {"start": "00:29:28", "end": "00:29:33", "text": "the upside in a big fat way right now. And and we"}, {"start": "00:29:33", "end": "00:29:38", "text": "have of course the one and only R Paul."}, {"start": "00:29:38", "end": "00:29:46", "text": "Let's go. So it's been really a patience game of the sideways choppy market. But people forget also last year was the same. Last"}, {"start": "00:29:46", "end": "00:29:52", "text": "year did, you know, peaked in somewhere early in the year and then did nothing all year. Everyone got so frustrated,"}, {"start": "00:29:52", "end": "00:29:57", "text": "everyone was flinging poo at each other online and getting angry with each other and then before you know it took off"}, {"start": "00:29:57", "end": "00:30:03", "text": "like a rocket ship in November and December. And I think it's somewhat similar this time around. And the rocket ship this time around is based on the"}, {"start": "00:30:03", "end": "00:30:08", "text": "fact that uh so it's been really a Yeah. Okay. It would be interesting to"}, {"start": "00:30:08", "end": "00:30:15", "text": "hear a bit more. Let's see. Is there a whole video somewhere? By the way, he's a rocket ship. Okay, in the next 45"}, {"start": "00:30:15", "end": "00:30:21", "text": "days, let's see. Let's see. I mean, we're going to see the rocket ship. If it is a rocket ship, we're going to see it. And we're not going to miss it."}, {"start": "00:30:21", "end": "00:30:27", "text": "We're not going to miss his rocket ship that is going to the moon. And uh Oh, yeah. Here is a bit of more context."}, {"start": "00:30:27", "end": "00:30:33", "text": "Let's see. This was already weeks and weeks and weeks ago, like a month ago. But let's see what he's saying here. We're going to go into a fiveyear cycle."}, {"start": "00:30:33", "end": "00:30:39", "text": "He's saying he said it like a month ago. Why is Bitcoin sort of not wildly off to"}, {"start": "00:30:39", "end": "00:30:46", "text": "the races yet? Yeah. And by the way, when he said that, Bitcoin was like 120, 100, maybe 115."}, {"start": "00:30:46", "end": "00:30:53", "text": "Exactly. It kind of less to the races. Here it was not off to the races. Now it"}, {"start": "00:30:53", "end": "00:30:59", "text": "got even less to the races. It's uh unraced itself even more."}, {"start": "00:30:59", "end": "00:31:06", "text": "Then it's this chart. Bitcoin is basically this is a dtrended"}, {"start": "00:31:06", "end": "00:31:14", "text": "Bitcoin and it's basically the ISM which is the business man. Okay. What it blows my"}, {"start": "00:31:14", "end": "00:31:21", "text": "mind. Why you over complicate ISM manufacturing index like all of these million different charts when you can"}, {"start": "00:31:21", "end": "00:31:28", "text": "just look at the dam like why why you try to find you know the there is this um correlation and causation. you know,"}, {"start": "00:31:28", "end": "00:31:34", "text": "he has two charts. They look the same, but it's kind of like, you know, suicide versus ice cream sales. You know, you"}, {"start": "00:31:34", "end": "00:31:40", "text": "know this classic examples of correlation versus causation. If you if you went to like a good uh middle"}, {"start": "00:31:40", "end": "00:31:45", "text": "school, you you know it. But let me actually find correlation versus and in"}, {"start": "00:31:45", "end": "00:31:52", "text": "markets uh people make this mistake all the time. They have they have two charts. They look kind of the same. Uh"}, {"start": "00:31:52", "end": "00:31:57", "text": "look here. Autism. Okay. In crypto, we're very autistic. Half of the chat"}, {"start": "00:31:57", "end": "00:32:02", "text": "here probably autistic. Make some noise, guys, if this correct. Maybe it's not correct. I mean,"}, {"start": "00:32:02", "end": "00:32:08", "text": "sometimes I'm autistic and organic food sales. You see, it's very much aligned."}, {"start": "00:32:08", "end": "00:32:14", "text": "Very much aligned. And listen, who the hell knows? Maybe ISM and uh you know,"}, {"start": "00:32:14", "end": "00:32:20", "text": "all of this macro crap. Maybe it is actually super correlated. For real. For real. Like we don't know how you know"}, {"start": "00:32:20", "end": "00:32:27", "text": "how you know. And most of the twitterers I mean I think including R Paul just seeing two charts and like man this"}, {"start": "00:32:27", "end": "00:32:33", "text": "looks kind of the same looks kind of the same. Okay. How? Because to really look at it and uh"}, {"start": "00:32:33", "end": "00:32:39", "text": "see if it's actual causation or or or just you know spurious correlation like"}, {"start": "00:32:39", "end": "00:32:45", "text": "that's some work like that's some statistical work and it's not even certain we have enough data like you know if if you know true statistics you"}, {"start": "00:32:45", "end": "00:32:51", "text": "understand like do we have some geek here about stats but you understand like to really look at two charts and and"}, {"start": "00:32:51", "end": "00:32:58", "text": "have an idea whether they're for real like you have both causation and like it's not easy man like you need a lot of"}, {"start": "00:32:58", "end": "00:33:03", "text": "data point you have to run model in Excel. I remember in in high school we were running some model. I don't I don't"}, {"start": "00:33:03", "end": "00:33:09", "text": "remember what it's called but you know you you could get some uh number from 0 to one that says you know what's the"}, {"start": "00:33:09", "end": "00:33:16", "text": "likelihood that is statistically but you know all of the analysis you see in crypto you have to keep in mind like all"}, {"start": "00:33:16", "end": "00:33:22", "text": "of these charts that look the same is it could be the same it could be the same for example margarine consumed and"}, {"start": "00:33:22", "end": "00:33:30", "text": "divorce rate in Maine. See when you stop eating margarine the divorce rate go comes down."}, {"start": "00:33:30", "end": "00:33:35", "text": "Like to be fair, this whole like crypto industry is based on this false causations like the Mac Ribb. What"}, {"start": "00:33:35", "end": "00:33:40", "text": "happened to Mac Rib? I see people discussing Mac Rib always pumped the price until it didn't because the"}, {"start": "00:33:40", "end": "00:33:46", "text": "correlation was just random. Okay. It wasn't It wasn't causation. Okay. Oh"}, {"start": "00:33:46", "end": "00:33:51", "text": "yeah. Yeah. Okay. Yeah. Anyway, so you understand. Look here. Shark attack. Oh, yeah. Exactly. It was shark attack"}, {"start": "00:33:51", "end": "00:33:57", "text": "versus this is this classic one that I've seen many times. Shark attack versus ice cream sales. All right."}, {"start": "00:33:57", "end": "00:34:04", "text": "Okay. So, all of this is very important to remember when you see suddenly. So, R"}, {"start": "00:34:04", "end": "00:34:10", "text": "Paul, by the way, big shout out to I love R Paul. I love I really love the R Paul. But what I I see many people"}, {"start": "00:34:10", "end": "00:34:16", "text": "confused in my community. That's why I want to put the record straight. Suddenly, R Paul out of nowhere"}, {"start": "00:34:16", "end": "00:34:22", "text": "discovered a new chart that looks the same as Bitcoin. And now he has a new theory. Okay, listen. Look at the trend."}, {"start": "00:34:22", "end": "00:34:29", "text": "You're going to see if this ISM who the hell knows is correlated cause I don't know who the hell who no one knows."}, {"start": "00:34:29", "end": "00:34:34", "text": "You're going to see if the price starts moving. You're going to see it. You're not going to miss the rocket ship to 1"}, {"start": "00:34:34", "end": "00:34:40", "text": "million. You're going to see it in the trend is going to be green like a freaking leprechaun that you know your"}, {"start": "00:34:40", "end": "00:34:47", "text": "ISM is moving. Okay, you see here here bam very green like a leprechaun. Now it's red. All of the ISM what the hell"}, {"start": "00:34:47", "end": "00:34:54", "text": "chart you have some reason people sell more than they buy. for some reason we're below 50 week. So anyway, that"}, {"start": "00:34:54", "end": "00:35:02", "text": "that that's uh and it's just a short uh I go in depth guys like I go in depth on this in our bullmanion.com/bear."}, {"start": "00:35:02", "end": "00:35:08", "text": "You can find the link below. Free training to ensure that you don't mess this this uh bare market up. Like it's"}, {"start": "00:35:08", "end": "00:35:13", "text": "really important. Let's listen. Let's listen. Business cycle. Remember we've always said it's the business cycle stupid. It"}, {"start": "00:35:13", "end": "00:35:18", "text": "is always the business cycle stupid. And all of these people who claim it's the four-ear cycle based around this and"}, {"start": "00:35:18", "end": "00:35:27", "text": "that. don't understand the fundamental of what the business cycle man roll I'm sorry I'm sorry for some"}, {"start": "00:35:27", "end": "00:35:32", "text": "reason for some reason we did top out exactly exactly where it is and listen I"}, {"start": "00:35:32", "end": "00:35:38", "text": "I don't pretend like I don't claim that um uh I have the answers like I don't claim I'm actually probably the most"}, {"start": "00:35:38", "end": "00:35:44", "text": "humble I'm probably the most humble influencer in the world because instead of claiming that I know like he's saying"}, {"start": "00:35:44", "end": "00:35:51", "text": "oh it's business cycle stupid you don't understand you don't you don't understand there's this chart there's that chart Look at this macro. Look, at"}, {"start": "00:35:51", "end": "00:35:57", "text": "least I'm humble. I'm humble to say that we don't know what the hell we just look"}, {"start": "00:35:57", "end": "00:36:05", "text": "at the price is the most profitable way to trade. Okay, just look at the freaking trend is the most profitable. We got in in uh January 2023 all the way"}, {"start": "00:36:05", "end": "00:36:12", "text": "up. Bam. Exited October uh 8 started to derisk. Flawless. I mean, literally"}, {"start": "00:36:12", "end": "00:36:18", "text": "flawless. The most the most humble. The most humble. See my humbleness makes me"}, {"start": "00:36:18", "end": "00:36:24", "text": "also the most profitable. When you start being humble like myself,"}, {"start": "00:36:24", "end": "00:36:30", "text": "like yours dearly, you you become very humble. You become"}, {"start": "00:36:30", "end": "00:36:36", "text": "also the most profitable. Okay. The most profitable. January 23, bullish,"}, {"start": "00:36:36", "end": "00:36:42", "text": "bullish, bullish, bullish all the way to October 8th, bare bare bears or to like like what do you want from me, man? What"}, {"start": "00:36:42", "end": "00:36:47", "text": "do you want? It's the most flawless. the most flawless, the most amazing"}, {"start": "00:36:47", "end": "00:36:53", "text": "execution of the of them all rooted in humbleness. And if you want to learn the"}, {"start": "00:36:53", "end": "00:36:58", "text": "strategies, the humbleness, link below, bullman.com/bear, go check it. But anyway, anyway, let's"}, {"start": "00:36:58", "end": "00:37:06", "text": "continue. Is why there's a four-year cycle in everything. and we've explained it. We'll go through it great detail tomorrow um in our everything code"}, {"start": "00:37:06", "end": "00:37:14", "text": "presentation, but basically it's following the ISM and rates have been following the same"}, {"start": "00:37:14", "end": "00:37:19", "text": "pattern. But anyway, anyway, there's like two more minutes of this. You get the point. Big shout out to Ro. I mean,"}, {"start": "00:37:19", "end": "00:37:25", "text": "he's a great person. Always know when we when we joke around, we never I mean is"}, {"start": "00:37:25", "end": "00:37:31", "text": "we never attack the person. We maybe we think something is funny that they said uh maybe we don't agree. And of course,"}, {"start": "00:37:31", "end": "00:37:38", "text": "it's a bit of show biz, so I have to spice it up in my in my disagreement."}, {"start": "00:37:39", "end": "00:37:45", "text": "But roll Paul, if you're watching this, you should you should watch the channel. Uh because trend is most important. If"}, {"start": "00:37:45", "end": "00:37:52", "text": "you don't watch it, you I think you should. But anyway, I love you. Big shout out. And uh yeah, I mean uh he's bullish. So let's see. Maybe he's"}, {"start": "00:37:52", "end": "00:37:57", "text": "correct. Maybe all of these charts are are great. Then we're going to see the trend boop to the upside. Now guys,"}, {"start": "00:37:57", "end": "00:38:03", "text": "let's h switch gears a bit. Let's uh um speak about what's happening with the with the Fed because the Fed is going to"}, {"start": "00:38:03", "end": "00:38:09", "text": "have a new chair in May. Okay. In May. And Trump is getting asked who the hell"}, {"start": "00:38:09", "end": "00:38:14", "text": "he's going to select and this is what he said. Have you started the interviews for the Fed chair?"}, {"start": "00:38:14", "end": "00:38:20", "text": "Yes. Who have you interviewed? I think I already know my choice."}, {"start": "00:38:20", "end": "00:38:26", "text": "Who is it? Well, I liked him, but he's not going to take the job. He advanced. You like"}, {"start": "00:38:26", "end": "00:38:32", "text": "Treasury better, right? Much better, sir. We have some surprising names and we have some standard names that everybody's talking"}, {"start": "00:38:32", "end": "00:38:41", "text": "about and we we may go the standard way. You know, it's nice to every once in a while go uh politically correct."}, {"start": "00:38:41", "end": "00:38:48", "text": "Yeah. I don't know what what to make out of it, but I hope it's a big fat dove. Okay."}, {"start": "00:38:48", "end": "00:38:54", "text": "You should put put a big fat dove that just presses the print button like there's no tomorrow. Uh if that is what"}, {"start": "00:38:54", "end": "00:39:00", "text": "it means, great. I don't really know what it what like what do you mean political"}, {"start": "00:39:00", "end": "00:39:07", "text": "Trump Trump if anyone is show okay so let's see what what comes out of that uh now let's check the ETF guys let's check"}, {"start": "00:39:07", "end": "00:39:14", "text": "the ETF ETF another day another dump heavy dump minus 300 dump okay this was"}, {"start": "00:39:14", "end": "00:39:19", "text": "yesterday so yeah something is not uh working with that ISM chart from roll"}, {"start": "00:39:19", "end": "00:39:26", "text": "big shout to roll by the way but uh you see another outflow but this is classic ETF they sell when it's down and they"}, {"start": "00:39:26", "end": "00:39:37", "text": "buy when it's up just like retail. They buy the grid and they sell the fear just like retail. So yeah, very fantastic"}, {"start": "00:39:37", "end": "00:39:43", "text": "guys. That's it. Let's go to Q&A. Questions, answers, debates, discussions. Let's go as soon as possible to"}, {"start": "00:39:43", "end": "00:39:49", "text": "uh to the Q&A. Let's go. And big shout out to Dub as"}, {"start": "00:39:49", "end": "00:39:54", "text": "always for time snapping us for time us today."}, {"start": "00:40:00", "end": "00:40:07", "text": "I have a question. In which currency do you keep derisking? Many of us asking the same questions as no one really believes in USD US those current. Yeah."}, {"start": "00:40:07", "end": "00:40:14", "text": "So it is uh I I'm I'm not messing around too much with different currencies. I mean it is USDT USDC. Psychologically I"}, {"start": "00:40:14", "end": "00:40:20", "text": "just keep it simple. Keep it simple. Um the the point of de-risisking is to have"}, {"start": "00:40:20", "end": "00:40:25", "text": "something that doesn't move and it's not really about believing. It's a short-term u parking basically. It's not"}, {"start": "00:40:25", "end": "00:40:30", "text": "it's not really about believing because you see okay you don't believe in USDC USDC. And some people are like I mean I"}, {"start": "00:40:30", "end": "00:40:37", "text": "myself have sometimes been in this trap that I'm like oh no but I don't want to have stable coin because fiat goes to zero blah blah blah and then Bitcoin"}, {"start": "00:40:37", "end": "00:40:44", "text": "goes down like yeah like here 30% and it may even continue down towards the fair value and you know that loss is like"}, {"start": "00:40:44", "end": "00:40:51", "text": "decades of inflation. Okay. It's like decades and decades and decades of flesh. So it's it's not believing it's about being practically. So we don't"}, {"start": "00:40:51", "end": "00:40:58", "text": "have too many good choices. I mean it is the stables and yeah that's it basically"}, {"start": "00:41:04", "end": "00:41:09", "text": "I want to derisk what happens if they you mean if you derisk and it come and it goes up. Okay. You need the"}, {"start": "00:41:09", "end": "00:41:16", "text": "mechanical rules. We I have a full like I have a full educational program uh on this exact thing or on this exact thing."}, {"start": "00:41:16", "end": "00:41:22", "text": "What happens if you start selling your shitcoin that is that has been killing your portfolio for over a year and"}, {"start": "00:41:22", "end": "00:41:28", "text": "making you depressed and suddenly it starts mooning? How you deal with that? How you position and so on so forth."}, {"start": "00:41:28", "end": "00:41:35", "text": "It's classic classic. It's classic. But yeah, I mean if I'm to summarize in one sentence, you need to"}, {"start": "00:41:35", "end": "00:41:41", "text": "don't sell everything in one go. uh you need to do it uh at a process ladder out"}, {"start": "00:41:41", "end": "00:41:46", "text": "but uh yeah it's classic you you're afraid to sell because you you think it's going to rock it then you huddle"}, {"start": "00:41:46", "end": "00:41:52", "text": "for two years it just goes down another 90% and you you still may maybe it's going to rock it and it's it may rock it"}, {"start": "00:41:52", "end": "00:41:59", "text": "may so you need to be there's a strategy there if you don't sell everything at once you're going to be okay"}, {"start": "00:41:59", "end": "00:42:06", "text": "we call it the prison break the prison break the first thing people do when they enter our program is that we need to reprogram their brain kind of like re"}, {"start": "00:42:06", "end": "00:42:11", "text": "reeduc ation camp so to speak because um uh you know people come with big losses"}, {"start": "00:42:11", "end": "00:42:17", "text": "and all kinds of coins. We have to reprogram their brain bum bum bum to uh ensure that they understand to not"}, {"start": "00:42:17", "end": "00:42:24", "text": "huddle the losing uh losing um u losing trades. Okay, very important. If you"}, {"start": "00:42:24", "end": "00:42:29", "text": "hodddle losing uh coin down is not good. So the plan is that you have a losing"}, {"start": "00:42:29", "end": "00:42:35", "text": "position, you start moving it over into winning coins and how exact exact exact"}, {"start": "00:42:35", "end": "00:42:41", "text": "exact exact. Go and check out below. Yeah, that's easy. Simple simple"}, {"start": "00:42:41", "end": "00:42:49", "text": "exactly stalling on the way. I mean you you need this kinds of re re-education."}, {"start": "00:42:49", "end": "00:42:55", "text": "It's I see it's crazy most people they don't understand what crypto is, what trading is. they have some idea and it"}, {"start": "00:42:55", "end": "00:43:00", "text": "get gets them wrecked one cycle after another. Uh then they come and say oh"}, {"start": "00:43:00", "end": "00:43:05", "text": "this bull market was so bad and why because you huddle atom dot and other stuff in the bare trend. Okay I mean no"}, {"start": "00:43:05", "end": "00:43:13", "text": "[ __ ] I mean sorry but it's it is like that you huddle in a bare trend. Why? Oh no because my uh spiritual leader told"}, {"start": "00:43:13", "end": "00:43:21", "text": "me to huddle. Okay know all about that."}, {"start": "00:43:21", "end": "00:43:29", "text": "They're going to guys pulse guns and hexagons. You're you're you're you need another cycle now to recover. You're not going to recover but in the cycle. Good"}, {"start": "00:43:29", "end": "00:43:34", "text": "luck. Good luck. Good luck. Someone asked, \"Will you will you guys I I will not"}, {"start": "00:43:34", "end": "00:43:40", "text": "sacrifice.\" But ironically, you see, Richard, he needs he needs a new coin because he he messed up the toconomics"}, {"start": "00:43:40", "end": "00:43:47", "text": "so bad. So bad on Depulsion. Like it's very bad. Uh it's it's unreoverable basically. So he needs like a re reset."}, {"start": "00:43:47", "end": "00:43:55", "text": "Okay. in the reset with new tokconomics where it's not like too many bag holders and yeah, let's go see"}, {"start": "00:44:03", "end": "00:44:09", "text": "Bob Lucas was saying this cycle all season I all season soon. No, since October 8th we we don't speak about all"}, {"start": "00:44:09", "end": "00:44:16", "text": "basically since October 8th. since so all had a chance until Bitcoin did the fake out and uh and Bitcoin basically"}, {"start": "00:44:16", "end": "00:44:23", "text": "said that it's too weak to go to you know 150 which was our target so when we saw that okay bitcoin cannot do it bulls"}, {"start": "00:44:23", "end": "00:44:28", "text": "cannot do it we we stop speaking about alts there's um yeah I mean that that was since October 8th it's new reality"}, {"start": "00:44:28", "end": "00:44:35", "text": "and we look at the chart we trade the reality we don't trade lower land so alt season could have happened in case like"}, {"start": "00:44:35", "end": "00:44:40", "text": "we had a scenario where bitcoin smashes through towards 150 that would allow"}, {"start": "00:44:40", "end": "00:44:47", "text": "coins to run to run nuts. Uh Solana could go to 1K and all of that. But since October 8th when Bitcoin failed"}, {"start": "00:44:47", "end": "00:44:52", "text": "that totally different totally different totally different uh very different so"}, {"start": "00:44:52", "end": "00:44:59", "text": "we I mean chart changes we we adapt. That's that's how it works. [Music]"}, {"start": "00:44:59", "end": "00:45:04", "text": "Are you still holding Pengu? Yeah. So I'm I'm not selling the airdrop. Uh, I wrote it in our Bulmania uh, Bulmania"}, {"start": "00:45:04", "end": "00:45:10", "text": "uh, weekly TA that Pangu and other and a few other coins I'm not selling because"}, {"start": "00:45:10", "end": "00:45:16", "text": "I got them for free and I know the team. So, you know, for me to dump something I got for free, it's like jet pleb"}, {"start": "00:45:16", "end": "00:45:24", "text": "behavior. I don't do that. And also, of course, the penguin, the actual penguin. I'm also I'm never selling that. The actual NFC."}, {"start": "00:45:25", "end": "00:45:31", "text": "What's your timeline for the bottom? Summer, winter. Yeah, I mean something like that. I mean, winter like the next"}, {"start": "00:45:31", "end": "00:45:38", "text": "winter. I I think and at least until uh summer u but let's see chart we look at"}, {"start": "00:45:38", "end": "00:45:46", "text": "the trend it's simple uh again this is just infotainment speculation where maybe we can bottom out um I think that"}, {"start": "00:45:46", "end": "00:45:52", "text": "if we are to repeat something similar let's actually see here uh it's like 50"}, {"start": "00:45:52", "end": "00:46:00", "text": "weeks from the top here so if we do something similar pop"}, {"start": "00:46:00", "end": "00:46:09", "text": "here. Let's just put a line here and then we see if it if it will come true"}, {"start": "00:46:09", "end": "00:46:15", "text": "somewhere here. Okay. Like October. Exactly. Yeah. Basically a year."}, {"start": "00:46:15", "end": "00:46:20", "text": "If it does like last time because last time, let me just make it clearer here."}, {"start": "00:46:20", "end": "00:46:25", "text": "So last time from this peak to where is the bottom? This bottom it"}, {"start": "00:46:25", "end": "00:46:32", "text": "was exactly 52. It was exactly 52 weeks. And the time before that,"}, {"start": "00:46:32", "end": "00:46:38", "text": "you remember we did this analysis in at the beginning of the market. That's how we said we're going to de-risk in 2025."}, {"start": "00:46:38", "end": "00:46:47", "text": "But anyway, here, where is the bottom? This candle is the bottom. Here it was. Yeah. I mean, actually, this was at the bottom. Um, this was also exactly 52."}, {"start": "00:46:47", "end": "00:46:54", "text": "Exactly 52. So, listen, this four year cycle, I have no reason to It works. It we follow the"}, {"start": "00:46:54", "end": "00:47:00", "text": "trend. Yeah. So if we if it is to repeat with 52, it's somewhere here. It's"}, {"start": "00:47:00", "end": "00:47:06", "text": "somewhere here. Okay. So yeah, it doesn't have to be too"}, {"start": "00:47:06", "end": "00:47:13", "text": "different actually. But at the same time, we did not have the euphoria. We did not have like a lot"}, {"start": "00:47:13", "end": "00:47:19", "text": "of retail join. So maybe it's sooner or let's just see."}, {"start": "00:47:19", "end": "00:47:25", "text": "Let's just let's just see where the bare flip is and we take it from there. But if it is like before, then it is here."}, {"start": "00:47:25", "end": "00:47:32", "text": "And uh yeah, we we we don't see it as some kind of uh that it must go here. We look at the trend,"}, {"start": "00:47:32", "end": "00:47:38", "text": "but that would be that would be the the classic Ivan core versus not. Well, I mean core"}, {"start": "00:47:38", "end": "00:47:46", "text": "is captured by this lady from Silicon Valley who who thinks that Bitcoiners are carnivores and the redneck. So I"}, {"start": "00:47:46", "end": "00:47:54", "text": "don't know how she got in there. So I'm pure nuts. We need carnivore. we need this uh dudes who are uh uh cyber punks"}, {"start": "00:47:54", "end": "00:48:00", "text": "and uh she's definitely not that. So core I I don't know. And she doesn't even have Twitter. Imagine that. Like"}, {"start": "00:48:00", "end": "00:48:07", "text": "the lead dev removed her Twitter because she's too upset or or something. I don't"}, {"start": "00:48:07", "end": "00:48:14", "text": "I really don't get it. I really I don't understand how she got in, why they put her there. Uh yeah, they should put"}, {"start": "00:48:14", "end": "00:48:21", "text": "again you what who you want maintaining Bitcoin a dude an un an unhygienic dude"}, {"start": "00:48:21", "end": "00:48:29", "text": "who has not showered in uh five weeks who sits at in the basement and bum bum bum bum bum programs who is like shy to"}, {"start": "00:48:29", "end": "00:48:38", "text": "speak in public someone like that you want who's like all in on the code okay all in on the code uh"}, {"start": "00:48:38", "end": "00:48:44", "text": "okay someone like that someone like that Uh, and she's not that. She's like the"}, {"start": "00:48:44", "end": "00:48:50", "text": "opposite. And he he's carnivore. And yeah, and and so that's one one um how"}, {"start": "00:48:50", "end": "00:48:58", "text": "to say archetype. The other archetype is the redneck. Basically, the the may"}, {"start": "00:48:58", "end": "00:49:03", "text": "works out and uh you know, all of this uh redneck kind of stuff. Okay. So, all"}, {"start": "00:49:03", "end": "00:49:10", "text": "these archetypes that she said that she doesn't like about Bitcoin, those are the ones we want. They're nuts. the"}, {"start": "00:49:10", "end": "00:49:16", "text": "redneck. So that's one archetype. Maybe that's more of a podcast kind of guy. It's kind of like the social layer"}, {"start": "00:49:16", "end": "00:49:22", "text": "defender of the of the Bitcoin. He is carnivore, all of that. And then the actual dev, that's the guy in the"}, {"start": "00:49:22", "end": "00:49:29", "text": "basement. No hygiene, long hair, all of that. Bum bum bum bum bum. Just programming. Okay."}, {"start": "00:49:29", "end": "00:49:37", "text": "Just programming. Uh this is the ideal setup. Now, who is the dev in not? Let me see if he uh if"}, {"start": "00:49:37", "end": "00:49:42", "text": "he is uh Bitcoin not."}, {"start": "00:49:42", "end": "00:49:48", "text": "Let's see which ar archetype he fits. Who who who established it? Guys, you"}, {"start": "00:49:48", "end": "00:49:54", "text": "you you know better. Okay. It was Luke Dash Jr. Yeah, exactly. He is as far as"}, {"start": "00:49:54", "end": "00:50:01", "text": "I remember he fit the archetype. Yeah. See, exactly. This is the guy I want. This is the guy I want. Some weirdass"}, {"start": "00:50:01", "end": "00:50:08", "text": "beard. Yeah. Th this this is the guy. This is the guy. He's the nos guy, right? I don't"}, {"start": "00:50:08", "end": "00:50:15", "text": "want to say something wrong here, but or is he core? Like he he was in core, right? But now he's in not. Oh, but"}, {"start": "00:50:15", "end": "00:50:21", "text": "anyway, something like that. Something like that you want. Okay. I'm talking about himself before."}, {"start": "00:50:21", "end": "00:50:26", "text": "Exactly. Exactly. Because I know I know. Let's see. Not is is the NOS guys. Just"}, {"start": "00:50:26", "end": "00:50:33", "text": "want to sure. Yeah. Exactly. Exactly. Exactly. It's the NOS guys. Yeah."}, {"start": "00:50:35", "end": "00:50:40", "text": "Bitcoin core. I'm los. Yeah, don't worry. Don't worry. It's a bit technical. It's for uh uh different it's"}, {"start": "00:50:40", "end": "00:50:46", "text": "different softwares that implement the Bitcoin specification, the Bitcoin"}, {"start": "00:50:46", "end": "00:50:51", "text": "protocol. Are you still 70% or did you risk another? So, now that we're both below"}, {"start": "00:50:51", "end": "00:50:58", "text": "50 week and in the bare trend, the target now is 30%. And it's going to take uh a week or so to to get there,"}, {"start": "00:50:58", "end": "00:51:03", "text": "but uh it's now it's 30%. 30%. And that that 30%"}, {"start": "00:51:03", "end": "00:51:09", "text": "is going to stay uh throughout the bull around the bull and bear. I'm not touching that more. So yeah, that's the"}, {"start": "00:51:09", "end": "00:51:15", "text": "that's the current situation. He actually has six keys. Yeah, that's"}, {"start": "00:51:15", "end": "00:51:20", "text": "good. That's good. Traditional values. I didn't get the vibe of traditional values from that lady that they"}, {"start": "00:51:20", "end": "00:51:27", "text": "installed in Bitcoin Core at all. At all. She's like the valley chick or something. Yeah. So he's I like this. He"}, {"start": "00:51:27", "end": "00:51:32", "text": "has six skills, this guy. That's very good. That's very good. It's fantastic. That's what you want."}, {"start": "00:51:32", "end": "00:51:40", "text": "Then he has incentive. He has incentive to ensure that Bitcoin is there for his kids. That lady, does she has have kids?"}, {"start": "00:51:40", "end": "00:51:47", "text": "Let me know. But uh it's it's important. Um is is important when you when someone"}, {"start": "00:51:47", "end": "00:51:52", "text": "has kids, you know that they have a stake in the future. When someone does not have kids, they just LAR and they"}, {"start": "00:51:52", "end": "00:52:00", "text": "have a lot of political convictions. Get them out. Like they have no stake. Zero stake. Okay. and uh you you stake I mean"}, {"start": "00:52:00", "end": "00:52:06", "text": "you have no stake what do you want and you live only on benefit also okay so you don't contribute any this is the"}, {"start": "00:52:06", "end": "00:52:11", "text": "worst this this is the worst pro archetype"}, {"start": "00:52:12", "end": "00:52:20", "text": "but guys listen that's it thanks a lot for being here thanks a lot for contributing to the to the chat fantastic fantastic great chat stuff big"}, {"start": "00:52:20", "end": "00:52:27", "text": "shout out to who to dab for time stamping us today uh let's say thank you in the chat for dab say thank you in the"}, {"start": "00:52:27", "end": "00:52:33", "text": "chat Let's see if this communication works. If you understand my instructions because how else will you learn"}, {"start": "00:52:33", "end": "00:52:39", "text": "mechanical rules if if you don't understand the simple instruction here? Let me see if it works. Thank you,"}, {"start": "00:52:39", "end": "00:52:45", "text": "Bernard. Yes. Yes, it works. Okay. So, I can see that in you you you understand."}, {"start": "00:52:45", "end": "00:52:52", "text": "So, next step is to check this free training below in the in the link. And guys, that's it. See you all tomorrow."}, {"start": "00:52:52", "end": "00:52:57", "text": "Same place, same time. Hope you enjoyed. Thanks a lot for being here. It was fun as always. This makes my day to do these"}, {"start": "00:52:57", "end": "00:53:04", "text": "streams. It's very nice. I mean, I love it. I love it. It's so fun. Guys, enjoy. Have a good day. And goodbye, guys. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "as possible. We're clicking the button. Oh yes. Oh yes. Oh yes. Oh yes. Guys, welcome to it. Another episode. And as"}, {"start": "00:00:06", "end": "00:00:12", "text": "you can see right now, we do have Bitcoin not only in a bearish trend. It's actually below 90K. And as you know"}, {"start": "00:00:12", "end": "00:00:17", "text": "on this channel since October 8th, we've been warning and warning and warning and warning about this development. I will"}, {"start": "00:00:17", "end": "00:00:24", "text": "soon show you exactly what has been happening since October 8th in a very very short summary. Then we'll be"}, {"start": "00:00:24", "end": "00:00:29", "text": "speaking about the next steps. Why is it so important to speak about the next steps? Because many people are still in"}, {"start": "00:00:29", "end": "00:00:35", "text": "La La Land. Many people are still not really understanding the market. They think they think that death cross is"}, {"start": "00:00:35", "end": "00:00:41", "text": "bullish because it pumped last time. We're going to be discussing that. They think that a lot of other things which"}, {"start": "00:00:41", "end": "00:00:48", "text": "are not measurable. They have some kind of model, some kind of theory which is not measurable and then they're trying to base their trading based on that. All"}, {"start": "00:00:48", "end": "00:00:54", "text": "of that will be shattered in this video. We'll be explaining raw facts. Raw facts"}, {"start": "00:00:54", "end": "00:00:59", "text": "about the market. will be speaking upright up front how do you say fully"}, {"start": "00:00:59", "end": "00:01:04", "text": "fully fully without filter how exactly this market is doing because as you can"}, {"start": "00:01:04", "end": "00:01:09", "text": "see right now on the chart it is quite crazy how quickly things go once you"}, {"start": "00:01:09", "end": "00:01:19", "text": "start breaking support once we broke the 50week moving average bam all the way down to 90 once we broke below 96k which"}, {"start": "00:01:19", "end": "00:01:24", "text": "is the money line uh barefly bam all the way to 90 not even a bit of"}, {"start": "00:01:24", "end": "00:01:30", "text": "consolidation Not even a bit of maybe we're going to pump a bit of bouncing here around. Not"}, {"start": "00:01:30", "end": "00:01:36", "text": "even that. Bit didn't even give that. But first and foremost, I want to ensure that you understand that what we're"}, {"start": "00:01:36", "end": "00:01:43", "text": "saying here is fully fully fully fully fully correct because we've been right since October 8th. It's crazy how fast"}, {"start": "00:01:43", "end": "00:01:48", "text": "people forget really what has been happening. But listen to this. A short short summary what we said on October"}, {"start": "00:01:48", "end": "00:01:53", "text": "8th. Basically on the day on the day of the top, listen to this. We need to"}, {"start": "00:01:53", "end": "00:01:59", "text": "discuss the danger zone in case this is a fake out. In case this is a false"}, {"start": "00:01:59", "end": "00:02:06", "text": "breakout because that would not be good. It could also mean that we go back and we retest these levels here at 110. But"}, {"start": "00:02:06", "end": "00:02:13", "text": "always when you have a breakout, you need to ensure it's not a false one. We need to have a real breakout. Just like"}, {"start": "00:02:13", "end": "00:02:20", "text": "right here, you see from a bearish standpoint, we did see a fake breakout here, break down from these levels right"}, {"start": "00:02:20", "end": "00:02:27", "text": "here, and then we recovered very, very quickly to the upside. And just like right here, it was a a fake breakout"}, {"start": "00:02:27", "end": "00:02:32", "text": "from this alltime high. And then we quickly quickly went down. The same thing applies to the current situation"}, {"start": "00:02:32", "end": "00:02:38", "text": "as well. We need to have Bitcoin pumping very very quickly to avoid the fake out."}, {"start": "00:02:38", "end": "00:02:46", "text": "A fake out in the worst case scenario. You know, the most famous fake out in history for Bitcoin was in 2021 here at"}, {"start": "00:02:46", "end": "00:02:53", "text": "the end of the year. This one probably goes to the Guinness World Record of fake outs of the fakeouts in history"}, {"start": "00:02:53", "end": "00:02:58", "text": "because here you see we had the consolidation right here. Then we had a bit of a dip. Then we recovered from the"}, {"start": "00:02:58", "end": "00:03:05", "text": "dip. We did set new high because most people will have complacency."}, {"start": "00:03:06", "end": "00:03:13", "text": "This is in short a throwback to the good old times of October 8th when we said be careful about the fake out. At the least"}, {"start": "00:03:13", "end": "00:03:19", "text": "we retest 110 and just like someone says in the chat those those were the good times when we when retesting 110 gave"}, {"start": "00:03:19", "end": "00:03:24", "text": "you a hate for being a some kind of mega bear you know mega bear"}, {"start": "00:03:24", "end": "00:03:31", "text": "ugly bear people people literally wrote in the comment section I'm an ugly bear when I said we're going to at least go"}, {"start": "00:03:31", "end": "00:03:37", "text": "back retest 110 at the worst is going to be like 20 21. So this was on the eth"}, {"start": "00:03:37", "end": "00:03:43", "text": "basically on the day and then on the 9th we said basically the same thing. I"}, {"start": "00:03:43", "end": "00:03:50", "text": "don't want to play again the same thing because we also compared back to 2021 uh in in just to remind everyone in exactly"}, {"start": "00:03:50", "end": "00:03:57", "text": "the same fashion. And then let's see I think we said something else here. Let me now turn bearish. Okay. On the daily"}, {"start": "00:03:57", "end": "00:04:04", "text": "Oh yeah. Yeah. And then the daily flip bearish. We just turned bearish on the daily. This is not something to just brush off and say, \"Haha, you know, just"}, {"start": "00:04:04", "end": "00:04:10", "text": "a normal cool down.\" But I need to be responsible with all of you. Also, I want to be upfront with all of you guys"}, {"start": "00:04:10", "end": "00:04:17", "text": "and say that the fake out is not something you want to see. Okay? If I am a doctor and I see a cancer creation in"}, {"start": "00:04:17", "end": "00:04:23", "text": "in your body, I don't just want to brush it off and say, you know, haha, just take a you know, take what is it?"}, {"start": "00:04:23", "end": "00:04:30", "text": "Tylenol. What what Trump doesn't like it's Talenol. Exactly. Exactly. Anyway guys, now that you understand that basically since October 8th on this"}, {"start": "00:04:30", "end": "00:04:36", "text": "channel, we have been risking off. Now we need to take it a step further. Why? Because the news that has happened"}, {"start": "00:04:36", "end": "00:04:42", "text": "during the last few days, especially since we closed on um on Sunday, we closed the week on Sunday, is that we're"}, {"start": "00:04:42", "end": "00:04:50", "text": "officially now in a bare trend on on the money line. And the last time we went into a bare trend was right here, just"}, {"start": "00:04:50", "end": "00:04:55", "text": "like when the last bull bare market started. So, uh, can can we still pump"}, {"start": "00:04:55", "end": "00:05:01", "text": "back somehow some kind of rocket, uh, you know, back up just like Tom Lee is saying? Because Tom Lee still says we're"}, {"start": "00:05:01", "end": "00:05:06", "text": "going to close the the the the year at 150 Bitcoin and 7,000 ETH. Listen,"}, {"start": "00:05:06", "end": "00:05:13", "text": "anything is possible. Anything is possible. A meteorite can come down on the earth in the next second. It could"}, {"start": "00:05:13", "end": "00:05:19", "text": "theoretically it could happen. I mean, who the hell knows? But we are basing our actions uh on the chart and the"}, {"start": "00:05:19", "end": "00:05:26", "text": "chart tells us that it's weak and it wants to go down. It could change. It could change. If we change, we come back"}, {"start": "00:05:26", "end": "00:05:32", "text": "to the upside. We will feel bullish if we go above 120K, which is not even like we don't even have to go to new alltime"}, {"start": "00:05:32", "end": "00:05:38", "text": "high for us to be bullish again on the money line. Think about that. We don't have to go to new alltime high. So, it's not like we're going to miss the the"}, {"start": "00:05:38", "end": "00:05:44", "text": "rocket to 1 million. But, but but since 120, we have been derisking and now is a"}, {"start": "00:05:44", "end": "00:05:49", "text": "signal to derisk even faster, even more because we do have now a bare flip on"}, {"start": "00:05:49", "end": "00:05:54", "text": "the uh on the weekly. Super important. Now many people they're now saying Ivan"}, {"start": "00:05:54", "end": "00:06:02", "text": "I Ivan I Ivan we will pump. Why? Because of the death cross. You see we now have a death cross right here. It means that"}, {"start": "00:06:02", "end": "00:06:08", "text": "the long-term moving average is going above the short-term moving average"}, {"start": "00:06:08", "end": "00:06:13", "text": "which is basically a change in trend. But what you have uh when you what you"}, {"start": "00:06:13", "end": "00:06:20", "text": "have historically is that when this happens you see this happens uh we pump. Last time it happened it was right here."}, {"start": "00:06:20", "end": "00:06:26", "text": "And what happened? We pumped. Uh the the time before that it happened was right"}, {"start": "00:06:26", "end": "00:06:33", "text": "here. And you see what happened afterwards? We pumped. And last time it happened before that was right here."}, {"start": "00:06:33", "end": "00:06:40", "text": "Right here. And guess what happened? We pumped. So people are saying, Ivan, Ivan, Ivan, this is bullish. It means"}, {"start": "00:06:40", "end": "00:06:47", "text": "we're going to pump. We're going to pump because last time it happened, bam, bam, bam. You see yourself. Now guys, uh the"}, {"start": "00:06:47", "end": "00:06:52", "text": "problem the problem with this analysis is that uh sadly the situation is not"}, {"start": "00:06:52", "end": "00:06:58", "text": "the same. All of the previous times when it happened, it was in an uptrend. It"}, {"start": "00:06:58", "end": "00:07:05", "text": "was when money line was green. It was when Bitcoin was mooning and mooning and mooning and this was just chop. Now the"}, {"start": "00:07:05", "end": "00:07:12", "text": "situation is a bit different because money line is bearish. We're having a death cross in the bearish trend. It is"}, {"start": "00:07:12", "end": "00:07:19", "text": "also below the 50we moving average. That's another thing. Not only is money line uh bearish, also 50WE moving"}, {"start": "00:07:19", "end": "00:07:25", "text": "average, we're below it. Go check when we're below 50WE moving average what what happens after death cross and"}, {"start": "00:07:25", "end": "00:07:31", "text": "you're going to see that it's not the same. It's not the same. It may look the same. People may try to convince you"}, {"start": "00:07:31", "end": "00:07:37", "text": "it's the same, but it's not the same. So, this is why this is not a bullish indicator really to to be basing trades"}, {"start": "00:07:37", "end": "00:07:43", "text": "off. Anything can happen. Again, maybe we pump. If we pump, we're going to go to 120. We're going to flip bullish and"}, {"start": "00:07:43", "end": "00:07:48", "text": "that's going to be a signal for us to to to to be bulls again. For now, guys,"}, {"start": "00:07:48", "end": "00:07:56", "text": "it's it's not that. For now, it is going down and this flipping on the on this is"}, {"start": "00:07:56", "end": "00:08:03", "text": "not a reason to to change that. It's not the reason to change the the opinion based on this. So, what do we do? This"}, {"start": "00:08:03", "end": "00:08:10", "text": "is the next question. Obviously, this is the most important thing. What to do in this current situation? What is the best"}, {"start": "00:08:10", "end": "00:08:16", "text": "move? How to handle it? We're going to be discussing that. Welcome everyone who is watching live. Welcome, welcome,"}, {"start": "00:08:16", "end": "00:08:21", "text": "welcome, welcome to Guzman who is timestamping us today. Let me know how you're doing. Guzman, let let us know"}, {"start": "00:08:21", "end": "00:08:27", "text": "everyone how you're doing this fantastic Tuesday. Yesterday I was traveling so we didn't do a video, but today we're back."}, {"start": "00:08:27", "end": "00:08:33", "text": "Today also the technical analysis report going to go out to Bulmania uh members and uh we're going to be keeping you up"}, {"start": "00:08:33", "end": "00:08:41", "text": "to date there. All in all guys, I'm actually excited. I'm I I'm actually excited because if you've been listening"}, {"start": "00:08:41", "end": "00:08:47", "text": "to what we've been saying on the channel, you know that the best is still ahead. The best is still ahead. If you"}, {"start": "00:08:47", "end": "00:08:54", "text": "can buy Bitcoin at 60K, even at 70K and uh you can go back to rewind the clock"}, {"start": "00:08:54", "end": "00:09:00", "text": "basically 70 60. Let's see when the money line turns green again on the on"}, {"start": "00:09:00", "end": "00:09:06", "text": "the weekly. But if if you're thinking long term, it's the best. It's the best."}, {"start": "00:09:06", "end": "00:09:13", "text": "So, personally, I'm very excited because at the end of the cycle, it's just tough to find good deals. It It's tough, man."}, {"start": "00:09:13", "end": "00:09:18", "text": "You know, uh when a new bull cycle starts and you have the long-term trends"}, {"start": "00:09:18", "end": "00:09:24", "text": "going from bearish to bullish, that's the best. That's the best because we have a system that we're following with"}, {"start": "00:09:24", "end": "00:09:31", "text": "the mechanical rules. We know when the trends flip again, it is time to buy like a freaking maniac. And that's the"}, {"start": "00:09:31", "end": "00:09:37", "text": "no-brainer trades. It is actually harder to trade towards the end of the cycle because at the end of the day everything"}, {"start": "00:09:37", "end": "00:09:45", "text": "is so expensive. Nothing has been going down. There is no fear. There is no pain and and so buying anything at that point"}, {"start": "00:09:45", "end": "00:09:53", "text": "it's it may work out but from a risk perspective like the best the juiciest the juiciest is exactly exactly exactly"}, {"start": "00:09:53", "end": "00:10:01", "text": "when you have a downtrend and it turns into uptrend. Oh my god it's the best. It's the absolute best. And also we do"}, {"start": "00:10:01", "end": "00:10:07", "text": "have now if you use the link below we do have a big fat Black Friday sale for the"}, {"start": "00:10:07", "end": "00:10:14", "text": "money line. As you know to know when we flip bullish again you need the money line. If you missed the Halloween you"}, {"start": "00:10:14", "end": "00:10:19", "text": "now can get the Black Friday discount. It is a bit more expensive because we reward everyone who's early. So it's a"}, {"start": "00:10:19", "end": "00:10:24", "text": "bit more expensive than Halloween. But if you miss the Halloween, you want to"}, {"start": "00:10:24", "end": "00:10:31", "text": "be part of this community as we go into the bear and sniping absolutely sniping"}, {"start": "00:10:31", "end": "00:10:37", "text": "the new bull trends, you need to have the money line. You can read here how it's different from other indicators"}, {"start": "00:10:37", "end": "00:10:43", "text": "because it is back tested. It literally allows us to do what we do. You can read everything here. At least read it. At"}, {"start": "00:10:43", "end": "00:10:50", "text": "least read it. You will understand it more if you spend a few minutes to read it. And please guys, Black Friday, don't"}, {"start": "00:10:50", "end": "00:10:56", "text": "buy some crap. I mean, people, you know, Black Friday, they go nuts. They buy plasma TV. They buy another PlayStation."}, {"start": "00:10:56", "end": "00:11:01", "text": "My They have five PlayStations. You don't need another one. You don't need another one. Especially for you guys in"}, {"start": "00:11:01", "end": "00:11:08", "text": "the US. You guys are crazy about this Black Friday. You know, there there are this videos, you know, in the US,"}, {"start": "00:11:08", "end": "00:11:15", "text": "Walmart, or who the hell has Black Friday? People rushing plasma TV. I'm I'm I'm I'm a PlayStation. I'm I'm I'm"}, {"start": "00:11:15", "end": "00:11:23", "text": "vacuum cleaner. I'm You have all of that. You have all of that. It did not help you to follow the trend and derisk"}, {"start": "00:11:23", "end": "00:11:31", "text": "when we told you to derisk. If you had all of the tools, you could have derisk. But no, don't buy crap. Use the link"}, {"start": "00:11:31", "end": "00:11:37", "text": "below. Buy money line for you, for your family, everyone. Get set up with money"}, {"start": "00:11:37", "end": "00:11:43", "text": "line because the wealth will be made when the trend shifts from bearish bum"}, {"start": "00:11:43", "end": "00:11:50", "text": "into bullish. Very, very, very important. Anyway guys, smash up the like. Let's go to the next section. So"}, {"start": "00:11:50", "end": "00:11:57", "text": "next section is all about what we need to know. We need to know the next step"}, {"start": "00:11:57", "end": "00:12:04", "text": "because many people now are trapped. If you're trapped, listen carefully. There is some good news for you. There is some"}, {"start": "00:12:04", "end": "00:12:10", "text": "good news. If you're trapped in a losing position, I have a bit of salvation. I have a bit of revelation. How the hell"}, {"start": "00:12:10", "end": "00:12:15", "text": "you want to call it, guys? Normally, what happens? You have the uh you have"}, {"start": "00:12:15", "end": "00:12:21", "text": "the death cross, okay? you have the trend changing everything you know all all of the flips if you didn't take"}, {"start": "00:12:21", "end": "00:12:26", "text": "action based on any of the warning signs most likely you will get a bounce okay"}, {"start": "00:12:26", "end": "00:12:33", "text": "most likely there there will be some kind of bounce if you just look at the chart here let's go to the weekly let's"}, {"start": "00:12:33", "end": "00:12:39", "text": "go to the weekly uh let's see one week one week one week here let's go to the weekly let's see what the hell happened"}, {"start": "00:12:39", "end": "00:12:45", "text": "in the last uh bare market when we started you see we dumped quite quickly"}, {"start": "00:12:45", "end": "00:12:53", "text": "here But then it was a bounce here from 41 all the way to 52. Okay, this is a"}, {"start": "00:12:53", "end": "00:12:59", "text": "bounce that many people used as um as a way to derisk. Okay, and whenever you"}, {"start": "00:12:59", "end": "00:13:04", "text": "have a bounce now um it is a signal to derisk within a bearish trend all the"}, {"start": "00:13:04", "end": "00:13:10", "text": "bounces are a signal to de-risk a bit more. And that's by the way is something that most people they get trapped even"}, {"start": "00:13:10", "end": "00:13:15", "text": "more in when they don't have the information I'm giving you now. What happens? a bounce happens and then you think, \"Oh, we're back. Maybe we're"}, {"start": "00:13:15", "end": "00:13:21", "text": "back. Please, please be back. Please be back.\" Like here, for example, you know, it took like a month for people to to"}, {"start": "00:13:21", "end": "00:13:27", "text": "understand that it's actually not going to go back to previous price levels. But here, everyone got like a month of hope."}, {"start": "00:13:27", "end": "00:13:33", "text": "Oh, it's coming back. Maybe it's going to go back. Oh, man. And now it was 42. Now it's 40. Oh, it's coming back. It's"}, {"start": "00:13:33", "end": "00:13:38", "text": "coming back. 52K. And then, okay, down. Okay. Down. But it's okay because it's"}, {"start": "00:13:38", "end": "00:13:45", "text": "coming back. It's coming back. 51. Let's go. Alltime high. Let's go. Ah, coming. And then, oh, it's coming. And now, and"}, {"start": "00:13:45", "end": "00:13:52", "text": "now it did even higher. It did 50. Now it did even higher. It did even higher. And so most people, but in in a in a"}, {"start": "00:13:52", "end": "00:13:58", "text": "bare trend, most people when they see a bounce, they they just get even more trapped. Okay? They just get even more"}, {"start": "00:13:58", "end": "00:14:04", "text": "trapped instead of looking for what it is in a bare trend that bounces normally, it's like another chance,"}, {"start": "00:14:04", "end": "00:14:09", "text": "okay? It's another chance to derisk. But most people when they when they see"}, {"start": "00:14:09", "end": "00:14:16", "text": "this, they they get trapped at times. Don't get trapped. Don't get trapped. Okay? Don't get trapped. I I I And by"}, {"start": "00:14:16", "end": "00:14:22", "text": "the way, guys, I have been there. Just as a reminder, I keep reminding you, but I have been there myself. I've been in"}, {"start": "00:14:22", "end": "00:14:28", "text": "all of this myself since 2013. I had many many times where it's been horrible"}, {"start": "00:14:28", "end": "00:14:35", "text": "situations like this. And I what I'm teaching you here, I've learned through pain. Through pain. Absolute absolute"}, {"start": "00:14:35", "end": "00:14:42", "text": "pain. And so, keep this in mind. This is not just some random stuff. It's absolute pain that I've been through"}, {"start": "00:14:42", "end": "00:14:49", "text": "myself. So this is the the standard standard stuff. And then you get another one here. Another bounce basically to"}, {"start": "00:14:49", "end": "00:14:55", "text": "the same levels like here. And what do people see it as? As a month of kumbaya,"}, {"start": "00:14:55", "end": "00:15:02", "text": "a month of relaxation. We're going to go back to alltime high. We're going to be back to alltime high. And what happens?"}, {"start": "00:15:02", "end": "00:15:08", "text": "Bam. Back again. Back again to the basement where we belong in a bare market. If we don't follow the warning"}, {"start": "00:15:08", "end": "00:15:15", "text": "signs, this is where you guys belong. This is where I belong. We all belong in a big dark basement if we don't follow"}, {"start": "00:15:15", "end": "00:15:21", "text": "the warning signs. Okay, this is what it is. Now, here's the good news, guys. Here's the good news. If it is the case"}, {"start": "00:15:21", "end": "00:15:28", "text": "that bare market is here and now the probabilities are shifting way towards it, you know the good news is the good"}, {"start": "00:15:28", "end": "00:15:35", "text": "news is that actually we're kind of uh chewing through it. You know, last bare"}, {"start": "00:15:35", "end": "00:15:40", "text": "market was 12 months. You can say we're more than a month into it. Okay? Just"}, {"start": "00:15:40", "end": "00:15:46", "text": "like you have a big fat cake. You ate already kind of 10% soon of it. Okay?"}, {"start": "00:15:46", "end": "00:15:53", "text": "You still have a lot of cake to eat, bare cake, but if you look from that perspective, it is a bit of a light."}, {"start": "00:15:53", "end": "00:16:01", "text": "We're shining a bit of light. We're not 1% through it. We're not 5% through it. We are already kind of 10% through it."}, {"start": "00:16:01", "end": "00:16:08", "text": "Okay? Because when you count from the peak, when you count to the and then to the bottom, normally it's a year. Okay,"}, {"start": "00:16:08", "end": "00:16:15", "text": "normally it's a year. So from the Bitcoin perspective, it does look actually quite okay. Quite okay because"}, {"start": "00:16:15", "end": "00:16:20", "text": "uh we may see what what we may see next is a few quarters of a bit of down. I"}, {"start": "00:16:20", "end": "00:16:26", "text": "don't think we're going to go down 80% like last times. Although we don't know, so we just follow the money line. But if I'm to speculate, I don't think we're"}, {"start": "00:16:26", "end": "00:16:34", "text": "going to go down as as much because there's no euphoria. There is no one who is following from retail. It's just been"}, {"start": "00:16:34", "end": "00:16:40", "text": "you know internal kind of bull and bear cycle. We pumped a lot. To say that we didn't pump a lot would be a lie. We"}, {"start": "00:16:40", "end": "00:16:48", "text": "pumped from 15k to 120. So we pumped a lot. Sana went from $8 to 300. We pumped"}, {"start": "00:16:48", "end": "00:16:56", "text": "a lot. Trump did a freaking coin. President of the United States did a coin. Melania did a rugpool. Okay. So we"}, {"start": "00:16:56", "end": "00:17:03", "text": "did see a lot of stuff that that show bull market. We did see dog with hat freaking dog coin went to five billion."}, {"start": "00:17:03", "end": "00:17:09", "text": "We took a dog coin to 5 billion. So there have been many many signs many"}, {"start": "00:17:09", "end": "00:17:14", "text": "many signs obviously not shaped in the same way. It was a bit distributed. It was not towards the end. Trump is"}, {"start": "00:17:14", "end": "00:17:21", "text": "already what is it a year? It was a year millennia was a year ago. But we did see a bunch of craziness, a bunch of"}, {"start": "00:17:21", "end": "00:17:29", "text": "insanity. We did see you know this S&P wannabe stock market thing moon a lot. So there have been there have been um uh"}, {"start": "00:17:29", "end": "00:17:35", "text": "froth there has been froth there has been all kinds of signals that the money is being made for free here which always"}, {"start": "00:17:35", "end": "00:17:41", "text": "happens in bulls. So you know to say that this was a bull market without any signs of the bull market. Ah man come on"}, {"start": "00:17:41", "end": "00:17:46", "text": "come on like what do you mean without any signs? What do you mean if you have the money line? I mean you know this is"}, {"start": "00:17:46", "end": "00:17:53", "text": "green and then I mean what do you mean without any sign? There clearly have been signs. I mean clearly there there have been some signs. Now, obviously,"}, {"start": "00:17:53", "end": "00:18:01", "text": "it's not like 2017 when your brother-in-law, who doesn't have even a school degree, he's buying IOTA. He's"}, {"start": "00:18:01", "end": "00:18:06", "text": "more rich than you. He buys NEO. He He doesn't even know 5* 5 multiplication."}, {"start": "00:18:06", "end": "00:18:11", "text": "He doesn't know, but he bought IOTA and now he owns you. Okay, we haven't had"}, {"start": "00:18:11", "end": "00:18:18", "text": "that. We haven't had your neighbors buying, you know, Ray Blocks. You remember Rayblocks? We we didn't have that kind of stuff. And also look here,"}, {"start": "00:18:18", "end": "00:18:24", "text": "Bitcoin at 115, sentiment is so low, max pain is higher. BTC at 110K, sentiment"}, {"start": "00:18:24", "end": "00:18:29", "text": "is so low, max pain is higher. BTC at 100, sentiment so low, max pain is higher. BC at 95, sentiment so low. BC"}, {"start": "00:18:29", "end": "00:18:36", "text": "at 92, sentiment so low, max pain is higher. Uh BTC at uh 89 uh sentiment so"}, {"start": "00:18:36", "end": "00:18:41", "text": "low, max pain is high. Exactly. So, and the thing is these guys who are saying this, they're going to continue like"}, {"start": "00:18:41", "end": "00:18:48", "text": "this until like you know maybe 60 60 maybe 50. And that's actually when the bare market may may end. If I'm to"}, {"start": "00:18:48", "end": "00:18:54", "text": "speculate, I think 70 7050 somewhere there we will find a bottom somewhere"}, {"start": "00:18:54", "end": "00:19:00", "text": "there. If if we continue in the bare market again I want to add this kind of disclaimer that we don't know if it's a"}, {"start": "00:19:00", "end": "00:19:05", "text": "B like you never know. You just have probabilities with highest probability it is but maybe we shift around we go"}, {"start": "00:19:05", "end": "00:19:12", "text": "bullish again. Can happen. It can it's not impossible. It can happen but we're based on probabilities. Okay. Nothing is"}, {"start": "00:19:12", "end": "00:19:18", "text": "certain. emitter can come boom into the earth today. We don't know that. Maybe it will, maybe it won't. Likely it"}, {"start": "00:19:18", "end": "00:19:23", "text": "won't. So all in all, if bare market is here, which with likelihood it is uh"}, {"start": "00:19:23", "end": "00:19:29", "text": "then approximately there would be my guess, but still we follow the money line as the main guide. If you don't"}, {"start": "00:19:29", "end": "00:19:34", "text": "have the money line, you're blind. You're steering your ship blind. Now you know that everyone who is successful in"}, {"start": "00:19:34", "end": "00:19:41", "text": "um trading is successful in the same kind of ways. I mean you have a few people who've been calling it pretty"}, {"start": "00:19:41", "end": "00:19:47", "text": "accurate including ourselves but everyone who is unsuccessful they're unsuccessful in different ways just like"}, {"start": "00:19:47", "end": "00:19:52", "text": "you know this saying that all happy families are happy in the same way all unhappy families are unhappy in"}, {"start": "00:19:52", "end": "00:19:58", "text": "different ways and so the same here let me show you some things that got people"}, {"start": "00:19:58", "end": "00:20:03", "text": "wrecked uh BTC versus M2 uh too many people got wrecked basing their"}, {"start": "00:20:03", "end": "00:20:10", "text": "strategies based on that we also followed it and covered it but as As you remember on October 8th, this did not"}, {"start": "00:20:10", "end": "00:20:16", "text": "stop us from being riskoff because we followed the price as number one and everything else is infotainment. Like"}, {"start": "00:20:16", "end": "00:20:23", "text": "this kind of stuff, we did follow it, but it's more of an infotainment kind of thing and it did not stop us from acting"}, {"start": "00:20:23", "end": "00:20:31", "text": "when we did see signals. We did not we did not stop us. Many people it stopped. So that's one. Then also this guy now"}, {"start": "00:20:31", "end": "00:20:38", "text": "big shout out to Ki Yong Ju, but he he he's been very bad at analysis. Uh very bad. uh he called bare market way too"}, {"start": "00:20:38", "end": "00:20:44", "text": "early like in March or something. Now he's saying that everything is good because all of the institutions and ETFs"}, {"start": "00:20:44", "end": "00:20:50", "text": "are buying OG whales are like based on what? Based on onchain onchain is very inaccurate. You don't know what's"}, {"start": "00:20:50", "end": "00:20:56", "text": "happening there. The other day Micro Strategy moved a bunch of Bitcoin. All of the onchain guys said they're selling"}, {"start": "00:20:56", "end": "00:21:01", "text": "they're selling and then they announced that they actually bought 800 more millions. So onchain is very inaccurate."}, {"start": "00:21:01", "end": "00:21:06", "text": "all of these different onchain things at this point guys because we have uh real"}, {"start": "00:21:06", "end": "00:21:14", "text": "data from Hyperlquid at this point all of the onchain stuff I would just throw it out uh at this point why because we"}, {"start": "00:21:14", "end": "00:21:21", "text": "have something way better and that's exact exact data from Hyperlid what whales are doing and you can see their"}, {"start": "00:21:21", "end": "00:21:28", "text": "trades instead of trying to guess oh this movement is a sale I mean just look here uh you have this kind of wallets"}, {"start": "00:21:28", "end": "00:21:33", "text": "they're very bearish these kind of wallets are slightly bearish and and everyone else is still bullish. Okay."}, {"start": "00:21:33", "end": "00:21:40", "text": "Okay. So, you want to look at this most profitable ones. So, all of the onchain stuff uh it's uh yeah, not too great."}, {"start": "00:21:40", "end": "00:21:46", "text": "Not too great. And to, you know, to to write that the reason I predicted top early this year is that OG whales were"}, {"start": "00:21:46", "end": "00:21:52", "text": "dumping hard, but the market started ECFs. Yeah. Just look at the price, bro. I mean, look at the look at the chart,"}, {"start": "00:21:52", "end": "00:21:58", "text": "man. Look at You don't have to guess what OG whales are doing. Just look at the chart. That's it. That's it. Look at"}, {"start": "00:21:58", "end": "00:22:03", "text": "the chart. Look at the chart, man. Now, another thing that got people wrecked is"}, {"start": "00:22:03", "end": "00:22:08", "text": "this Bitcoin IPO. Bitcoin IPO was propagated by many influencers. I said"}, {"start": "00:22:08", "end": "00:22:13", "text": "on this channel that I don't believe in Bitcoin IPO as some kind of bullish narrative. I actually think that the"}, {"start": "00:22:13", "end": "00:22:21", "text": "Bitcoin IPO narrative is fully legit. But the way people interpret it is wrong because all IPOs that I can think of,"}, {"start": "00:22:21", "end": "00:22:27", "text": "whether it is Coinbase, whether it is Robin Hood, I mean look at any of them. Look, look at Coinbase. Open Coinbase"}, {"start": "00:22:27", "end": "00:22:35", "text": "chart. See what happened after IPO. It went down. Uh so this idea that OG whales are selling and that institutions"}, {"start": "00:22:35", "end": "00:22:40", "text": "are buying and this bullish it doesn't really make sense because number one institutions are not really buying like"}, {"start": "00:22:40", "end": "00:22:48", "text": "look at the ETF outflow inflow look at micro strategy they're not buying in the same way as before and also it's what"}, {"start": "00:22:48", "end": "00:22:54", "text": "Bitcoin IPO describes is very normal it's in all bull and bear cycles of any"}, {"start": "00:22:54", "end": "00:23:01", "text": "kind that you have people that have made money they're selling their coin they're distributing ing they're distributing"}, {"start": "00:23:01", "end": "00:23:08", "text": "and that causes a downtrend and then once they're out of coins the bull trend starts but this distribution it you know"}, {"start": "00:23:08", "end": "00:23:15", "text": "it doesn't take like a week it can take months it can take up to a year and that's normally when you have the bull"}, {"start": "00:23:15", "end": "00:23:21", "text": "market starts actually agree that OG whales are selling but I don't I just don't understand how you can make it"}, {"start": "00:23:21", "end": "00:23:26", "text": "that ah but it's so this dump doesn't matter so the fact that we're below 50E moving average it doesn't matter and"}, {"start": "00:23:26", "end": "00:23:32", "text": "that we're in a bare trend it also does not matter Because it's OG whales that are selling and institutions are buying,"}, {"start": "00:23:32", "end": "00:23:38", "text": "but how do how do you know that they're buying? Like that that's another how do you know? Because when you look at the"}, {"start": "00:23:38", "end": "00:23:45", "text": "ETF, man, no one is buying here. I mean, you see yourself bam out out."}, {"start": "00:23:45", "end": "00:23:50", "text": "Yes, some days in, but you know, it's out outflow outflow. Where where where"}, {"start": "00:23:50", "end": "00:23:56", "text": "is the institution? Now Micro Strategy uh bought quite okay"}, {"start": "00:23:56", "end": "00:24:01", "text": "this week 800 million but for the last weeks they've been buying like 10 mill like 20 million it's it's nothing"}, {"start": "00:24:01", "end": "00:24:08", "text": "compared to the past and obviously nothing compared to the to the sell price. So I think this IPO theory which"}, {"start": "00:24:08", "end": "00:24:13", "text": "has been propagated makes sense. It's just there's nothing unique about it."}, {"start": "00:24:13", "end": "00:24:19", "text": "It's just distribution. Yes. people that have made money, they're selling because they made a lot of profit. That causes"}, {"start": "00:24:19", "end": "00:24:25", "text": "an uptrend to stall or to go down and then when they're out of coins, the new"}, {"start": "00:24:25", "end": "00:24:31", "text": "bull market can begin. It's actually textbook. Like what they're saying it is textbook, but but their conclusion and"}, {"start": "00:24:31", "end": "00:24:37", "text": "this is where where I don't understand how they're thinking. Their conclusion is that okay, they're going to dump like super fast in one or two weeks and then"}, {"start": "00:24:37", "end": "00:24:43", "text": "we go up like okay that it doesn't happen. It doesn't happen. It doesn't happen like that."}, {"start": "00:24:43", "end": "00:24:49", "text": "doesn't happen. Distribution when you have distribution is distribution. I mean distribution is distribution. You"}, {"start": "00:24:49", "end": "00:24:55", "text": "you you describe to me distribution but then you say it's going to be like a like a you know some kind of COVID shot"}, {"start": "00:24:55", "end": "00:25:01", "text": "like bam you know you bam one second is is that it's not like that. It's not like that."}, {"start": "00:25:01", "end": "00:25:06", "text": "Anyway guys so that's that. Um what else? What else? Let me see if I have"}, {"start": "00:25:06", "end": "00:25:12", "text": "more stuff. Arthur Hayes uh dumping like hell. I don't know what he has been saying, but he has been dumping like"}, {"start": "00:25:12", "end": "00:25:19", "text": "hell during the last weeks. He's been dumping from all wallets. And this is where into you to see what"}, {"start": "00:25:19", "end": "00:25:25", "text": "people are doing, not what they say. Because I I don't know if he's been bullish or bearish. I think I think I heard that he's he's bullish, but yeah,"}, {"start": "00:25:25", "end": "00:25:30", "text": "he's selling like there's no tomorrow. Selling like no tomorrow. Now guys, um"}, {"start": "00:25:30", "end": "00:25:36", "text": "let me give you one more thing of bear and then we'll go to bull because I want to cover Tom Lee. He's bullish like"}, {"start": "00:25:36", "end": "00:25:41", "text": "hell, man. He's bullish like hell. I don't want only to be bare. Uh but uh"}, {"start": "00:25:41", "end": "00:25:47", "text": "yeah, let let me give you one more bear. One more bear from Coinbase."}, {"start": "00:25:47", "end": "00:25:53", "text": "The sentiment is brutal right now. And you have to be very very honest about that. Let's see. 125. Could could it go down"}, {"start": "00:25:53", "end": "00:25:59", "text": "to 60,000? So mathematically it is becoming less volatile. Just just as a strict standard"}, {"start": "00:25:59", "end": "00:26:04", "text": "deviation calculation, it is becoming less volatile. You'd expect that as you have a wider and deeper market. You have"}, {"start": "00:26:04", "end": "00:26:11", "text": "more different types of investors. Obviously, the ETFs have brought in a flood of retail. You have more institutions. Harvard endowment"}, {"start": "00:26:11", "end": "00:26:16", "text": "announced they hold more Bitcoin than gold the other day. So, mathematically, that's what you would expect. The feel,"}, {"start": "00:26:16", "end": "00:26:24", "text": "it doesn't feel that way to be very honest, right? The sentiment is brutal right now. And you have to be very, very honest about that. Um, just like I'm"}, {"start": "00:26:24", "end": "00:26:29", "text": "sure, you know, you're holding gold, you feel smart. You didn't, you didn't feel so smart in 2008 when gold lost a third"}, {"start": "00:26:29", "end": "00:26:35", "text": "of its value for years and years and years. You just felt smart. Um, so, so"}, {"start": "00:26:35", "end": "00:26:41", "text": "as we've said many times this on this show, uh, trying to market time any volatile asset can get you in a lot of"}, {"start": "00:26:41", "end": "00:26:48", "text": "trouble. Uh, if you've systematically invested in Bitcoin over a 5-year period, you're up an extraordinary"}, {"start": "00:26:48", "end": "00:26:53", "text": "amount. Um, even year to date, while not great, both Bitcoin and Ethereum, while"}, {"start": "00:26:53", "end": "00:26:59", "text": "slightly negative, are uh, Ethereum is a little bit up. Uh, if you stake your"}, {"start": "00:26:59", "end": "00:27:05", "text": "assets, you can earn a higher yield. So, you're still net positive. Uh Salana is down uh materially for the year 25%"}, {"start": "00:27:05", "end": "00:27:11", "text": "yearon year 41%. However, we had the single best ETF launch of the year for a"}, {"start": "00:27:11", "end": "00:27:17", "text": "Salana ETF. So in these situations, uh I try to step back and ask myself what has"}, {"start": "00:27:17", "end": "00:27:23", "text": "fundamentally changed since let's say late September when everyone was incredibly bullish. And the answer for"}, {"start": "00:27:23", "end": "00:27:30", "text": "me is nothing. Structurally we're where we were if not better. We have um the uh"}, {"start": "00:27:30", "end": "00:27:36", "text": "Czech National Bank announcing a central bank bitcoin bitcoin purchase. The first"}, {"start": "00:27:36", "end": "00:27:41", "text": "euro zone country to do that. You've got city bank and JP Morgan announcing"}, {"start": "00:27:41", "end": "00:27:47", "text": "stable coins that they're using to facilitate customer transactions. Um you've got Harvard endowment's"}, {"start": "00:27:47", "end": "00:27:55", "text": "announcement. You have successful ETF launches. So it's a challenging environment currently. But in my house"}, {"start": "00:27:55", "end": "00:28:00", "text": "we like apples. I don't like apples less when they're on sale. So if you like"}, {"start": "00:28:00", "end": "00:28:06", "text": "this asset, you should like it at a discount. What if you didn't like it in September"}, {"start": "00:28:06", "end": "00:28:11", "text": "and you like it now? Should you like it now at a discount? Cuz there price does matter. I know you you're sort of"}, {"start": "00:28:11", "end": "00:28:18", "text": "suggesting you're suggesting prices don't matter at all. If you didn't like it because you thought it was overbought, yes. If you didn't like it"}, {"start": "00:28:18", "end": "00:28:24", "text": "because you don't agree structurally, probably not. No, I'm just saying right. I don't know. I don't know what the hell"}, {"start": "00:28:24", "end": "00:28:30", "text": "he's saying to be like if you like Apple don't like Apple within a bare trend you"}, {"start": "00:28:30", "end": "00:28:35", "text": "need to stay out because he's like oh you like dot you like the apple of dot"}, {"start": "00:28:35", "end": "00:28:41", "text": "okay do you still like it because dot has been going down like hell since uh"}, {"start": "00:28:41", "end": "00:28:47", "text": "you know beginning of time let me pull pull it up here I mean when when you speak about dot okay it's great it's"}, {"start": "00:28:47", "end": "00:28:52", "text": "like oh one guy in our discord he said I'm not wholesome because I call everything that's not a chart in"}, {"start": "00:28:52", "end": "00:29:00", "text": "infotainment he's like And you're not wholesome, bro. Listen. Something that has a big big big wholesome wholesome"}, {"start": "00:29:00", "end": "00:29:06", "text": "tech and community is dot. Okay. And dot you're so wholesome and you buy because"}, {"start": "00:29:06", "end": "00:29:12", "text": "you like the apple. You still like today the apple. It's the same apple that yesterday is the same. You go to alltime"}, {"start": "00:29:12", "end": "00:29:17", "text": "low basically. Okay. So this coin guys I I think even the the TV guys were confused. I I don't even know why we"}, {"start": "00:29:17", "end": "00:29:24", "text": "played him. I didn't watch him before. But uh all in all is like buy it if you like the apple. Okay. Yeah. Listen, I"}, {"start": "00:29:24", "end": "00:29:30", "text": "will have 30% of my portfolio throughout the bare market. Like I don't care. I don't care. So there is some message"}, {"start": "00:29:30", "end": "00:29:36", "text": "there to be long term. Think long term. But at the end of the day when we're speaking about people trading, people"}, {"start": "00:29:36", "end": "00:29:43", "text": "buying, people making money. We need to be very clear that hodddling in a bare trend or buying in a bare trend, you got"}, {"start": "00:29:43", "end": "00:29:49", "text": "to be prepared for some tough mental uh mental toughness. Most people cannot do it that you just hodddle throughout"}, {"start": "00:29:49", "end": "00:29:55", "text": "minus 80% and then you know it goes back and maybe it does a 2x. So it's tough"}, {"start": "00:29:55", "end": "00:30:01", "text": "man. It's tough like minus 80% you're going to huddle. Most people sell throughout that throughout that time. So"}, {"start": "00:30:01", "end": "00:30:06", "text": "it's easy to say when you know you you you just the same kind of uh platitude."}, {"start": "00:30:06", "end": "00:30:15", "text": "You say just the same is the same platitude that you just rehash and say okay you liked it yesterday. You man it"}, {"start": "00:30:15", "end": "00:30:22", "text": "was at 126 is nice. If it goes to 70, it's a big thing. Like for people, it's a big thing. It's a big thing. Now, I"}, {"start": "00:30:22", "end": "00:30:28", "text": "think everyone should have a long-term huddle portfolio that they never sell. I have 30% of my assets in long-term huddle. That makes sense. But to say,"}, {"start": "00:30:28", "end": "00:30:35", "text": "you know, it's the same apple as today as tomorrow is it's not pragmatic. It's platitude. You know, you can say it is like a thing that everyone says that no"}, {"start": "00:30:35", "end": "00:30:42", "text": "one really will challenge you for it. You kind of look smart when you say it, but u practically to say that man, it's"}, {"start": "00:30:42", "end": "00:30:48", "text": "not it's crazy. Anyway, next next let's look"}, {"start": "00:30:48", "end": "00:30:54", "text": "let's look at the bullish the the mega bull the Tom Lee mega bull uh here"}, {"start": "00:30:54", "end": "00:31:00", "text": "saying that we're going to pump we're going to pump like hell. Listen to this. I mean if I look at everything since"}, {"start": "00:31:00", "end": "00:31:05", "text": "October 10th because that was the biggest liquidation in the history of crypto like bigger than"}, {"start": "00:31:05", "end": "00:31:13", "text": "a margin call almost. Yeah. Yeah. It was like a almost a miniature rupture like a tsunami. um"}, {"start": "00:31:13", "end": "00:31:20", "text": "like like doomsday. It was kind of like the reckoning. The day the reckoning. It"}, {"start": "00:31:20", "end": "00:31:25", "text": "was kind of like Armageddon. It was kind of like uh Nagasaki in and"}, {"start": "00:31:25", "end": "00:31:33", "text": "Hiroshim. A bit like that. Yeah, a bit like that. It was kind of like uh Hates where he lives in the in hell was kind"}, {"start": "00:31:33", "end": "00:31:39", "text": "of like that [Laughter] like a margin call almost. Yeah."}, {"start": "00:31:39", "end": "00:31:46", "text": "Yeah. It was like a almost a miniature rupture like tsunami. Um, we're only a couple weeks from that."}, {"start": "00:31:46", "end": "00:31:53", "text": "So, I think the market is consolidating. But if I look at fundamentals, like let's like Ethereum stable coin volumes have"}, {"start": "00:31:53", "end": "00:31:58", "text": "been exploding, application revenues at all-time highs. So, right now fundamentals are leading price in"}, {"start": "00:31:58", "end": "00:32:04", "text": "crypto. So, I Yeah, I mean, he he's correct. Fundamentals and they've always been like there's there's not been a single"}, {"start": "00:32:04", "end": "00:32:12", "text": "year in crypto where fundamentals have gone down. not a single year in crypto that hasn't stopped it going down 80%."}, {"start": "00:32:12", "end": "00:32:17", "text": "So I just want to make it clear. You have to look at the chart fund. We all know fundamentals. We all think"}, {"start": "00:32:17", "end": "00:32:24", "text": "fundamentals are great. And I can tell you fundamentals in crypto have never decreased a single time. There's not one"}, {"start": "00:32:24", "end": "00:32:30", "text": "year there's not one year you can uh you can pinpoint and say this year actually it became worse. So bare market makes"}, {"start": "00:32:30", "end": "00:32:37", "text": "perfect sense. Has it happened? It never has happened. I don't remember a single bare market"}, {"start": "00:32:37", "end": "00:32:43", "text": "where someone said guys actually fundamentals are worse. So it makes perfect sense now."}, {"start": "00:32:43", "end": "00:32:50", "text": "So again, this is not useful. I'm trying to say look at the chart. Look at the chart. Use the money line. This is not"}, {"start": "00:32:50", "end": "00:32:55", "text": "like this kind of platitude. It's not useful. It's not useful. It's only"}, {"start": "00:32:55", "end": "00:33:03", "text": "useful for your huddle stack and you have to be upfront with yourself. Did you intend to huddle or or were you"}, {"start": "00:33:03", "end": "00:33:09", "text": "gaslighted? You yourself gaslight yourself to huddle because you're down because you just need to be upfront. You"}, {"start": "00:33:09", "end": "00:33:16", "text": "need to be upfront. If you intended to hodddle Bitcoin through all the minus 80% then yes okay you're honest with"}, {"start": "00:33:16", "end": "00:33:21", "text": "yourself it makes sense then you can listen to the splatitudes you can listen to Michael Sailor on repeat podcast"}, {"start": "00:33:21", "end": "00:33:27", "text": "50our podcast great some people are like that I think they have a good strategy and they're going to be great most"}, {"start": "00:33:27", "end": "00:33:32", "text": "people are not like that and then they say that they're like that in the bear because they're forced to and I'm saying"}, {"start": "00:33:32", "end": "00:33:38", "text": "that because again I'm here since 2013 I've done all of this dumb stuff myself and uh just so you know okay very"}, {"start": "00:33:38", "end": "00:33:45", "text": "important Like the tulip as someone mentioned the tulip. Exactly. You buy the tulip, you think it's going to go up, it goes down,"}, {"start": "00:33:45", "end": "00:33:52", "text": "you convince yourself you're going to hollow for a long term. You hollow for 500 plus years. Did did it recover? Not"}, {"start": "00:33:52", "end": "00:33:59", "text": "not saying that Bitcoin is that. I I think Bitcoin is going to go to a million, but you understand, man. I mean, it's a hodling in a downtrend. You"}, {"start": "00:33:59", "end": "00:34:06", "text": "need to be a certain type of person that can do it with your entire net worth. I'm doing it with just 30% of my net"}, {"start": "00:34:06", "end": "00:34:12", "text": "worth. How you do it up to you just decide that and be upfront and be honest. I think eventually we consolidate and"}, {"start": "00:34:12", "end": "00:34:17", "text": "then we rally into your end to the 150."}, {"start": "00:34:17", "end": "00:34:23", "text": "Where did he say that we're going to go to uh 150? I think it's in this one. Yes."}, {"start": "00:34:23", "end": "00:34:30", "text": "Well, there's um the story of building on Ethereum and we know that there is a lot taking place. There are stable coin"}, {"start": "00:34:30", "end": "00:34:36", "text": "creations. Larry Frink and Black Rockck and Wall Street want to tokenize assets,"}, {"start": "00:34:36", "end": "00:34:42", "text": "you know, bring stocks, bonds, real estate onto the blockchain, and they have to find a neutral 100% uptime"}, {"start": "00:34:42", "end": "00:34:48", "text": "blockchain. That's Ethereum. Um, and that's the fundamental story. The price"}, {"start": "00:34:48", "end": "00:34:55", "text": "of course for Ethereum will fluctuate because crypto is hypervolatile. In fact, it's kind of the it's it's sort of"}, {"start": "00:34:55", "end": "00:35:01", "text": "a feature of the blockchain itself. And and I think we've been in a downtrend. Unfortunately, a lot of folks are kind"}, {"start": "00:35:01", "end": "00:35:07", "text": "of questioning if we're in a 4-year cycle um for Bitcoin. So, we talk about"}, {"start": "00:35:07", "end": "00:35:12", "text": "that in the chairman's message we published this morning that, you know, the the most correlated factor to"}, {"start": "00:35:12", "end": "00:35:20", "text": "Bitcoin prices when you see it at a at Bitcoin at a peak actually is the ISM. So, I I think we're still in the a"}, {"start": "00:35:20", "end": "00:35:26", "text": "correction phase of crypto. you know, crypto suffered from that liquidation event on October 10th, but because the"}, {"start": "00:35:26", "end": "00:35:33", "text": "fundamental story is intact and and we we you know, crypto discounts the future, that's why it's volatile, but uh"}, {"start": "00:35:33", "end": "00:35:39", "text": "it still looks pretty attractive here. And personally, I think"}, {"start": "00:35:39", "end": "00:35:45", "text": "time for Ethereum because you've got this general market uh riskoff mentality. So what are some of the"}, {"start": "00:35:45", "end": "00:35:50", "text": "idiosyncratic uh elements that we should be thinking about as it pertains to Ethereum in the"}, {"start": "00:35:50", "end": "00:35:58", "text": "meantime? Well, Ethereum kind of has several ways that establishes a floor. One is that"}, {"start": "00:35:58", "end": "00:36:05", "text": "the value of all the assets locked onto the blockchain. Um and that number is growing, but historically Ethereum uh"}, {"start": "00:36:05", "end": "00:36:11", "text": "bottoms when that ratio is about 50%. So we're I'd say we're pretty close to that level. That's why I think Ethereum"}, {"start": "00:36:11", "end": "00:36:17", "text": "probably is bottoming this week. But the other way to look at Ethereum is really its price ratio or even its network"}, {"start": "00:36:17", "end": "00:36:23", "text": "value ratio to Bitcoin. It currently sits at this number is 0.032. The"}, {"start": "00:36:23", "end": "00:36:29", "text": "long-term average like the 8-year average if if we were just to trade to that 8-year average would put Ethereum"}, {"start": "00:36:29", "end": "00:36:34", "text": "at around 12,000. So I think Ethereum is undervalued because number one uh the"}, {"start": "00:36:34", "end": "00:36:40", "text": "story is gaining relative to Yeah. I mean, he he needs to get buyers into that uh company, the the the ETH"}, {"start": "00:36:40", "end": "00:36:46", "text": "Treasury. And uh Yeah, man. Let's see. Let's see. He says it's going to bottom"}, {"start": "00:36:46", "end": "00:36:52", "text": "this week. Why guess? You can just look at the chart if it's and then react. You"}, {"start": "00:36:52", "end": "00:36:57", "text": "don't have to guess. Let's not guess. Uh if he's correct, great. If he is not"}, {"start": "00:36:57", "end": "00:37:03", "text": "correct, also great. Uh I'm Yeah. And the problem, the reason I get a bit"}, {"start": "00:37:03", "end": "00:37:09", "text": "upset is that I mean, people listen. That's the thing. People listen to this stuff. People listen and they don't look"}, {"start": "00:37:09", "end": "00:37:14", "text": "at the chart, then look at the facts. And then when you have a trend change, then what happens? There are all kinds"}, {"start": "00:37:14", "end": "00:37:22", "text": "of narrative why we're going to pump today. Whether it's death cross, whether it's is we're going to bottom this week. And um I've just been in this uh fool"}, {"start": "00:37:22", "end": "00:37:28", "text": "myself since 2013. You know, I've been through many cycles. So I' I've been this fool myself listening to the stuff."}, {"start": "00:37:28", "end": "00:37:33", "text": "There's always some guy that has a bullish perspective. Okay? There's always some guy. You're always going to"}, {"start": "00:37:33", "end": "00:37:39", "text": "find some guy that has a bullish perspective. Another great bullish theory. Last cycle many people fell for"}, {"start": "00:37:39", "end": "00:37:46", "text": "super cycle man. So this I mean unbelievable. But this time people also"}, {"start": "00:37:46", "end": "00:37:53", "text": "fell for the super cycle because uh when we started to discuss the the Bitcoin um"}, {"start": "00:37:53", "end": "00:37:59", "text": "returns from uh last hovering and you know just comparing the cycles I swear"}, {"start": "00:37:59", "end": "00:38:08", "text": "people said four year cycle is dead. I mean, it's exact what they said last cycle. How How can it be like that? It's"}, {"start": "00:38:08", "end": "00:38:15", "text": "exact. It's not even a bit different. It's actually exact. It's exact."}, {"start": "00:38:15", "end": "00:38:22", "text": "It's It's to the freaking day. Like, it's exact. H how how how"}, {"start": "00:38:22", "end": "00:38:29", "text": "it works like that, it blows my mind, guys. But uh again, look at the chart and uh that's it. Now let let me get a"}, {"start": "00:38:29", "end": "00:38:36", "text": "bit bullish here because let's see how this trend goes down now. Uh we're in a bearish trend. Uh let's see how it"}, {"start": "00:38:36", "end": "00:38:41", "text": "continues. Uh as you know from uh 20 to 110 we derisked and now we're going to"}, {"start": "00:38:41", "end": "00:38:47", "text": "derisk even more towards the target of 30% long-term huddle. But the thing is"}, {"start": "00:38:47", "end": "00:38:52", "text": "what all of these fundamental guys have been saying it is right. It is right. So"}, {"start": "00:38:52", "end": "00:38:59", "text": "you have ETFs, Solana ETF going live still too many people sell. So whatever"}, {"start": "00:38:59", "end": "00:39:07", "text": "ETF, you know, it went live still too many people sell. Uh so price still dumps. But in the next bull man, all of"}, {"start": "00:39:07", "end": "00:39:13", "text": "these things then they're going to really get their their place in the market. Uh, so for example, this kind of"}, {"start": "00:39:13", "end": "00:39:19", "text": "stuff with all of the ETFs in place, as soon as we boop turn into a bull trend"}, {"start": "00:39:19", "end": "00:39:26", "text": "again on the weekly, man, it's going to be crazy. That's why I'm super bullish towards the end of next year. It's going"}, {"start": "00:39:26", "end": "00:39:31", "text": "to be insane. We're going to be buying with size like with sizes you've never seen. That's the best riskreward when"}, {"start": "00:39:31", "end": "00:39:38", "text": "bare trend goes to bull trend and it's going to be monumental. Going to be monumental. Now guys, before we go to"}, {"start": "00:39:38", "end": "00:39:45", "text": "Q&A, I just think that this whole situation with the big beautiful Bill is is is is getting funny, man. We haven't"}, {"start": "00:39:45", "end": "00:39:53", "text": "done a show since all of this news with Bill and Bubba and Trump."}, {"start": "00:39:53", "end": "00:39:58", "text": "And apparently Big Beautiful Bill is not a financial bill. It is actually Bill"}, {"start": "00:39:58", "end": "00:40:03", "text": "Clinton that Trump was referring to."}, {"start": "00:40:03", "end": "00:40:11", "text": "You know when Trump calls you big beautiful bill"}, {"start": "00:40:13", "end": "00:40:20", "text": "and apparently Putin has the pictures. Okay, apparently Putin has the pictures."}, {"start": "00:40:20", "end": "00:40:26", "text": "So suddenly for many people it makes sense why Trump likes uh Putin. It makes"}, {"start": "00:40:26", "end": "00:40:33", "text": "sense. I I don't know how he got them, but he has [Laughter]"}, {"start": "00:40:33", "end": "00:40:39", "text": "allegedly, guys. I don't know. Alleged. I just saw it online. Apparently, allegedly, we don't know. But guys,"}, {"start": "00:40:39", "end": "00:40:46", "text": "that's it. Let's go to Q&A questions, answers, debates, discussions. Uh, as always, as always, check out the link"}, {"start": "00:40:46", "end": "00:40:52", "text": "below. We have the Black Friday. Now, why is it important? Because with the money line, you know when an asset is"}, {"start": "00:40:52", "end": "00:40:58", "text": "bullish or bearish. Just knowing that gives you so much context. You don't have to fall for narrative, for fake"}, {"start": "00:40:58", "end": "00:41:04", "text": "narratives, for like Tom Lee trying to show you his uh his treasury company and all of that. You know, when an asset is"}, {"start": "00:41:04", "end": "00:41:10", "text": "bearish, which means that more people sell than they buy. Normally trends are your friends, they continue. So that's"}, {"start": "00:41:10", "end": "00:41:15", "text": "why we're so so much for following trends. You get minus 80% of big fat"}, {"start": "00:41:15", "end": "00:41:21", "text": "discount. If you miss the Halloween one, this is another chance. A bit more expensive than Halloween, but still"}, {"start": "00:41:21", "end": "00:41:28", "text": "crazy discount. Uh yeah, you get the money line, you get it works on any asset or ticker, you"}, {"start": "00:41:28", "end": "00:41:34", "text": "keep the same price for all renewals, you get the macro heat map. By the way, this one is going to be super interesting to follow as we enter the"}, {"start": "00:41:34", "end": "00:41:41", "text": "next bull. This thing is going to go towards green. Basically, the next bull, guys, is going to be probably the biggest bull ever in crypto because all"}, {"start": "00:41:41", "end": "00:41:49", "text": "of these things with ETFs, like that's when it's truly going to going to play a big role. when nation states are buying"}, {"start": "00:41:49", "end": "00:41:54", "text": "I mean and it's also when the money is flowing in we're going to see a bull market with this kind of macro heat map"}, {"start": "00:41:54", "end": "00:42:00", "text": "you see here when it's super green this bull we had with a red with a red heat map meaning that the Fed has not been"}, {"start": "00:42:00", "end": "00:42:06", "text": "pumping us too much and so to go from yellow to green this will take approx I mean normally it does take time like"}, {"start": "00:42:06", "end": "00:42:13", "text": "here for example we went through a whole bare we and then you know we went basically from yellow to green it took"}, {"start": "00:42:13", "end": "00:42:20", "text": "like a year to go from yellow to green so uh don't get surprised if it takes few quarters, but uh yeah uh next bull"}, {"start": "00:42:20", "end": "00:42:26", "text": "is going to be insane and having the money line knowing when to buy and also money line is fully back tested. So it's"}, {"start": "00:42:26", "end": "00:42:34", "text": "a statistic. You have a statistic edge here. You have a statistic edge. So use the link below right now. Uh fully back"}, {"start": "00:42:34", "end": "00:42:39", "text": "tested, fully proven. You see yourself here how it performs versus buy and hold. Not only do you get more gains"}, {"start": "00:42:39", "end": "00:42:46", "text": "versus just buy and hold. And this is comparing Bitcoin also your draw down is only 36%. This is basically comparing"}, {"start": "00:42:46", "end": "00:42:52", "text": "holding Bitcoin throughout his whole history or using the money line. So money line has gives you way more profit"}, {"start": "00:42:52", "end": "00:43:00", "text": "and you only have a draw down of 36 while Bitcoin has gone down 90% many times. So yeah, all in all at least read"}, {"start": "00:43:00", "end": "00:43:05", "text": "the page. Really, really read the page. I've written a lot about it here. Click"}, {"start": "00:43:05", "end": "00:43:10", "text": "right here and don't waste Black Friday on garbage. You don't need another"}, {"start": "00:43:10", "end": "00:43:16", "text": "plasma. You don't need another PlayStation or what else. Get money line to yourself to everyone you care about"}, {"start": "00:43:16", "end": "00:43:22", "text": "because this is key. Next bear and bull flip when we go from bear to man. It's going to be crazy. It's going to be"}, {"start": "00:43:22", "end": "00:43:29", "text": "crazy. Guys, let's go. Q&A. Big shout out to who? To Guzman for time slapping."}, {"start": "00:43:29", "end": "00:43:37", "text": "And today actually I had a bit of tea today. I had a bit of tea because I'm a bit"}, {"start": "00:43:37", "end": "00:43:45", "text": "sick. But it's okay. It's okay. It's under control. It's under control. Okay, guys. Let's go. Let's go. Let's go. Let's go. Let's go."}, {"start": "00:43:45", "end": "00:43:50", "text": "What about your Solana call to uh 1K? Well, when the charts change, we change."}, {"start": "00:43:50", "end": "00:43:57", "text": "When the chart was bullish to the upside, we're bullish. When the chart turned bearish, we turn bearish. I mean, that's the that's why targets is"}, {"start": "00:43:57", "end": "00:44:03", "text": "infotainment. Any target, including my own targets, it's all infotainment. I keep repeating that. People don't understand it, but let me get it"}, {"start": "00:44:03", "end": "00:44:10", "text": "straight. All targets are infotainment. If you have anyone giving you a target, they don't know. It is plausible. It's"}, {"start": "00:44:10", "end": "00:44:16", "text": "possible. It's just, you know, can it go there? It could go there. You compare this market cap. Let's say Salana goes"}, {"start": "00:44:16", "end": "00:44:23", "text": "to where XRP is now. It would be 1K probably more. So, is it possible? It's possible. There's potential. But if the"}, {"start": "00:44:23", "end": "00:44:30", "text": "chart turns, we need to respect the chart. Any target is infotainment."}, {"start": "00:44:30", "end": "00:44:36", "text": "Write it on your forehead right now. It's also to the targets to the downside are all infotainment. What we said here"}, {"start": "00:44:36", "end": "00:44:44", "text": "that Bitcoin may go to 50 60. I I I told you it's infotainment. I think I mean it's plausible but let's say we turn"}, {"start": "00:44:44", "end": "00:44:51", "text": "bullish at 70 or above we're going to be bullish. So any target pure infotainment"}, {"start": "00:44:51", "end": "00:44:57", "text": "uh not useful for trading not useful for making decisions useful for what I mean"}, {"start": "00:44:57", "end": "00:45:03", "text": "literally what I just said a bit fun to discuss infotainment a bit information a"}, {"start": "00:45:03", "end": "00:45:09", "text": "bit analysis a bit speculation can we base any kind of trade based on that no"}, {"start": "00:45:09", "end": "00:45:15", "text": "we can be more excited about a trade let's say that you have a trade that just flip bullish you have a trend"}, {"start": "00:45:15", "end": "00:45:20", "text": "flipping bullish and you see the big potential you can get more excited about a trade but you still follow the the"}, {"start": "00:45:20", "end": "00:45:26", "text": "money line that can happen. Uh and uh still let's say target is up here trend"}, {"start": "00:45:26", "end": "00:45:34", "text": "turns bearish we have to respect the trend trend above else. Okay above else"}, {"start": "00:45:34", "end": "00:45:39", "text": "yo yo yo shade TV breakfast on me. Thanks man. Thanks man. Thanks man. I"}, {"start": "00:45:39", "end": "00:45:44", "text": "appreciate appreciate. He's bullish. He's man listen if you"}, {"start": "00:45:44", "end": "00:45:51", "text": "don't follow the chart you will need money more than I. I'm telling you, you I may have to refund you and maybe even"}, {"start": "00:45:51", "end": "00:45:58", "text": "more because you you may need just the money more than I. Okay? Let me know if you need Let me know if you need like a"}, {"start": "00:45:58", "end": "00:46:04", "text": "GoFundMe or something, man. You may need it because we've been"}, {"start": "00:46:04", "end": "00:46:10", "text": "risking since 126 since October 8th. Like I told you, if you need Goofund me, just let me know. We we'll organize it."}, {"start": "00:46:10", "end": "00:46:15", "text": "We'll organize it. But thanks, bro. I appreciate. I"}, {"start": "00:46:15", "end": "00:46:20", "text": "appreciate it. Let's see. Someone else donated something. I don't see it, man. I don't"}, {"start": "00:46:20", "end": "00:46:26", "text": "see it. I don't see it. Disappear, man. That's why you don't donate in the beginning."}, {"start": "00:46:26", "end": "00:46:30", "text": "You donate at the end."}, {"start": "00:46:32", "end": "00:46:39", "text": "Ivan, I risk at 116. What to buy? Maybe start to ladder in. Listen, relax, relax, relax. People like what to buy?"}, {"start": "00:46:39", "end": "00:46:46", "text": "What to buy? I do. Listen, relax, relax. These things take time. These things take time. Just like we said on October"}, {"start": "00:46:46", "end": "00:46:52", "text": "10th that this um liquidation is not going to be a quick recovery. The same thing is here like there's not going to"}, {"start": "00:46:52", "end": "00:46:59", "text": "be a Vshape here. Very unlikely there's going to be a Vshape. So these things take time. What what you want to rotate"}, {"start": "00:46:59", "end": "00:47:05", "text": "listen relax. It's uh you're going to have time to uh to to to get back in."}, {"start": "00:47:05", "end": "00:47:12", "text": "Relax. Relax. Take it easy. Uh now is not the"}, {"start": "00:47:12", "end": "00:47:17", "text": "time yet. yet. Now is not the time."}, {"start": "00:47:19", "end": "00:47:26", "text": "1K bet $10. Where is this? $10, Trey. Why only $10? But I understand. I"}, {"start": "00:47:26", "end": "00:47:32", "text": "understand. Times are tough. Times are tough."}, {"start": "00:47:32", "end": "00:47:37", "text": "But by the way, you see, we don't have any donations anymore from Pulse. They're all wrecked. Before we had so"}, {"start": "00:47:37", "end": "00:47:43", "text": "many donations. They're like, \"Ivan, here's a donation this and that.\" I think they're too wrecked now. It's"}, {"start": "00:47:43", "end": "00:47:49", "text": "fully wrecked. Fully wrecked. Anyway, big shoutout to Shray. Big shout to Shay. Any Picans in the chat, guys,"}, {"start": "00:47:49", "end": "00:47:55", "text": "because your boss uh your boss is telling you that uh"}, {"start": "00:47:55", "end": "00:48:04", "text": "we're going to pump. Uh let me let me know let me know. Let me know if you follow him. I mean, you know, rumors are"}, {"start": "00:48:04", "end": "00:48:10", "text": "rumors are he's saying that because he wants you to be excited. So we give all his money to him for his new like"}, {"start": "00:48:10", "end": "00:48:16", "text": "privacy larp. I mean man he's a bit too too late on"}, {"start": "00:48:16", "end": "00:48:24", "text": "stuff like the privacy thing it was with Zcash. You know we've been bullish Zcash since the bull flip all the way back"}, {"start": "00:48:24", "end": "00:48:30", "text": "here. I mean the the time to be bullish privacy was here in May 2025. Okay. Uh"}, {"start": "00:48:30", "end": "00:48:36", "text": "this is when the the trend flip. Now, you know, he's trying to do ICO with uh"}, {"start": "00:48:36", "end": "00:48:44", "text": "privacy something something like at the top basically. He also bought ETH at the top. Uh don't forget that. So, uh yeah,"}, {"start": "00:48:44", "end": "00:48:50", "text": "and then he did the pump tires at the top of the memes. So, yeah, I think he needs to be a slightly better on timing."}, {"start": "00:48:50", "end": "00:48:55", "text": "I mean, I I don't know help, but it's slightly better on timing, maybe because"}, {"start": "00:48:55", "end": "00:49:03", "text": "privacy, yes, uh it's a trend now. How long is going to continue? It's still bullish on the money line, but um it's"}, {"start": "00:49:03", "end": "00:49:10", "text": "um yeah, let's see. The the time to the time to be super bullish was here when"}, {"start": "00:49:10", "end": "00:49:16", "text": "went from bare to bull. That's why I love this flips from bear to bull is the best. This is the best. This this was"}, {"start": "00:49:16", "end": "00:49:22", "text": "the time to be bullish when when a new bull trend starts. Okay."}, {"start": "00:49:26", "end": "00:49:32", "text": "Yo, Shay, what what do you want? You want to bet on what? What exactly"}, {"start": "00:49:35", "end": "00:49:40", "text": "price is something the best betman is in your portfolio."}, {"start": "00:49:41", "end": "00:49:47", "text": "The best bet is how you position your own portfolio. I think you want to do whether it's you"}, {"start": "00:49:47", "end": "00:49:52", "text": "know bare market or not. The thing is I'm probabilistic. I don't want to say"}, {"start": "00:49:52", "end": "00:49:58", "text": "100% is in because I'm positioning in my portfolio. So now we go to 30%."}, {"start": "00:49:58", "end": "00:50:04", "text": "Uh and it's going to stay there. Could it come back? It could. This is the thing. You don't want to be"}, {"start": "00:50:04", "end": "00:50:10", "text": "deterministic. It's it's kind of one of my main lessons. Uh so if you want to bet that you know 100% bare market is"}, {"start": "00:50:10", "end": "00:50:15", "text": "here. I mean who the hell knows? Who the hell knows? We want to be want to be"}, {"start": "00:50:15", "end": "00:50:22", "text": "probabilistic. And if you you know if you want to bet on certainties I'm I I mean I I never have certainties about"}, {"start": "00:50:22", "end": "00:50:28", "text": "anything. It's all about like water. you're more exposed, you're less exposed. Bull trend, you're more"}, {"start": "00:50:28", "end": "00:50:33", "text": "exposed, you can add leverage. Bare trend, you're less exposed, you derisk,"}, {"start": "00:50:33", "end": "00:50:39", "text": "you prepare for the next flip. So, when it comes to betting, it's uncertainty. I"}, {"start": "00:50:39", "end": "00:50:45", "text": "don't want it because it would send a message I don't want. Uh, and that's that somehow, you know, I'm 100% this or"}, {"start": "00:50:45", "end": "00:50:51", "text": "100% that. I'm not I'm not I don't want to send that message. My message is"}, {"start": "00:50:51", "end": "00:50:56", "text": "never all in, never all out. Ladder in, ladder out. Man, it's almost like a"}, {"start": "00:50:56", "end": "00:51:02", "text": "rhyme. Never roll in, never allow out. Lather in, ladder out is the best is the"}, {"start": "00:51:02", "end": "00:51:08", "text": "best. If see, just to repeat, like a problem"}, {"start": "00:51:08", "end": "00:51:16", "text": "people have is all in all out. Oh, they get a bit scared all out. Why are you all out? Why are you all out? Because at"}, {"start": "00:51:16", "end": "00:51:22", "text": "any time there may be a green candle, then you're going to be chasing it. Think about chasing it. So like I showed"}, {"start": "00:51:22", "end": "00:51:29", "text": "you when we said on October 8th we started to deriskum bum bum bum. Now we have another signal we derisk more all"}, {"start": "00:51:29", "end": "00:51:34", "text": "the way to 30% exposure. So I'm not even out myself. So what do when it comes to"}, {"start": "00:51:34", "end": "00:51:42", "text": "uh and 30% is going to be through the bare market. So I I I I don't know really what uh what certainty"}, {"start": "00:51:42", "end": "00:51:47", "text": "you know that that would project. I don't want to project you know 100% certainty on on anything because this is"}, {"start": "00:51:47", "end": "00:51:53", "text": "not the reality of trading. It's not a real reality of trading. And if you're if you're thinking in terms of"}, {"start": "00:51:53", "end": "00:52:00", "text": "certainty, you're a noob. I mean, I'm sorry to say that, but you're you're a noob. It's all probabilities. Anything can happen, man. Anything can happen."}, {"start": "00:52:00", "end": "00:52:06", "text": "Um, in, out, shake it all about."}, {"start": "00:52:06", "end": "00:52:10", "text": "Anything can happen. Anything can happen."}, {"start": "00:52:12", "end": "00:52:18", "text": "Anyway, moving on. Ronan Per says, \"Ivan must save my ass."}, {"start": "00:52:18", "end": "00:52:24", "text": "I pulled out 70% when when uh took 30% and saved most of my port. That's that's awesome, man. Congrats. Congrats."}, {"start": "00:52:24", "end": "00:52:31", "text": "Congrats. That's awesome. Congrats. Congrats. Congrats."}, {"start": "00:52:31", "end": "00:52:37", "text": "Oh yeah. Guys, crazy time. Crazy time."}, {"start": "00:52:38", "end": "00:52:45", "text": "But see, this is why you can if you learn trading for real, if you really learn trading for real, you have"}, {"start": "00:52:45", "end": "00:52:53", "text": "infinite uh opportunities to feed yourself for the rest of your life because it it is quite insane how people"}, {"start": "00:52:53", "end": "00:52:59", "text": "are thinking wrong about the market. They expect certainty when I tell them, listen, the chart is bearish. We're"}, {"start": "00:52:59", "end": "00:53:06", "text": "derisking. They're super confused why I'm not like shorting at 10 100x 10x why I'm not fully out. As soon as you switch"}, {"start": "00:53:06", "end": "00:53:13", "text": "your thinking to probabilistic that is all about risk management, all about ensuring that actually no matter what"}, {"start": "00:53:13", "end": "00:53:19", "text": "scenario happens, you're good. It starts to make sense to you. But only like 5% of people can do it. For most of them,"}, {"start": "00:53:19", "end": "00:53:24", "text": "they never do it. And that's good for you. If you learn trading for real is good for you because you take their"}, {"start": "00:53:24", "end": "00:53:35", "text": "money. I mean literally that's that's what trading is. It's in the short term it is a PVP. It it is it is. So anyway,"}, {"start": "00:53:39", "end": "00:53:44", "text": "trade something something go up from here. No bet. Uh anyway, thanks bro. Thanks bro. I appreciate I appreciate"}, {"start": "00:53:44", "end": "00:53:50", "text": "you. If we have a consecutive 50week moving average weekly candle then 100% per"}, {"start": "00:53:50", "end": "00:53:56", "text": "market or still 70%. Listen all trends like there remove 100% from your brain."}, {"start": "00:53:56", "end": "00:54:02", "text": "Remove 100% from your brain. All trends they are probabilistic. They will likely"}, {"start": "00:54:02", "end": "00:54:07", "text": "to continue but at some point they will end like u here you know now we ended a"}, {"start": "00:54:07", "end": "00:54:13", "text": "bull trend. Um it's all probabilistic but with highest certainty uh it it will"}, {"start": "00:54:13", "end": "00:54:21", "text": "continue down with high certainty. So the way and then it's up to you how you choose to allocate. So the way I've chosen is that 30% of my portfolio is"}, {"start": "00:54:21", "end": "00:54:27", "text": "long-term huddle that even in a bare trend I I just hodddle it for conviction because I believe in crypto. I think"}, {"start": "00:54:27", "end": "00:54:33", "text": "it's going to replace all fiat and all of that. So 30% I hodddle throughout anything throughout anything. Uh and"}, {"start": "00:54:33", "end": "00:54:39", "text": "also as an insurance in case there is a god candle to 1 million bucks you know Trump presses the wrong button instead"}, {"start": "00:54:39", "end": "00:54:45", "text": "of printing 1 billion he prints 500 quant. Who knows Jerome Powell wakes up he I don't know he pressed the wrong"}, {"start": "00:54:45", "end": "00:54:51", "text": "button in the Fed. And then how you structure your portfolio is up to you. We discuss"}, {"start": "00:54:51", "end": "00:54:56", "text": "different ways to do it in Bulmania in our community. Um, if you want to join"}, {"start": "00:54:56", "end": "00:55:02", "text": "Bulmania, number one, use the Black Friday deal to get just the money line. Here you get the money line and then"}, {"start": "00:55:02", "end": "00:55:09", "text": "you're going to see further instructions how to uh how to join uh the rest. But uh all in all, it's never certainty,"}, {"start": "00:55:09", "end": "00:55:15", "text": "never ever certainty, never ever certy uh but highest likelihood as the quicker"}, {"start": "00:55:15", "end": "00:55:20", "text": "you start thinking in likelihood the better for you. Um and actually this is"}, {"start": "00:55:20", "end": "00:55:26", "text": "where if you look at most analysis which is uh which is done by people"}, {"start": "00:55:26", "end": "00:55:32", "text": "who've been here many cycles most of the good one will speak about probabilities."}, {"start": "00:55:32", "end": "00:55:38", "text": "It's only the scammer ones that are like super certain this and that this. It's all about probability and the big thing"}, {"start": "00:55:38", "end": "00:55:46", "text": "is how you position. How you position how you position that's important."}, {"start": "00:55:48", "end": "00:55:54", "text": "you are trader, you trader, me investor. Well, then I have bad news for you"}, {"start": "00:55:54", "end": "00:56:01", "text": "because you see here if you go to Black Friday page for the money line, uh if you held since 2011, which I don't think"}, {"start": "00:56:01", "end": "00:56:08", "text": "you have, still using the money line has outperformed you like crazy and you if"}, {"start": "00:56:08", "end": "00:56:18", "text": "you held since 2011, which I don't think you have, you you lost at times - you had - 90% - 95% uh uh times where you"}, {"start": "00:56:18", "end": "00:56:26", "text": "lose your portfolio because Bitcoin is super volatile with money time you only have 36 maximum draw down percent. Okay,"}, {"start": "00:56:26", "end": "00:56:35", "text": "very important. Very important, very important. So what is the what is"}, {"start": "00:56:35", "end": "00:56:41", "text": "the thing to do now? Now it's time to prepare for the short season. Many many people will make most of their portfolio"}, {"start": "00:56:41", "end": "00:56:48", "text": "back if not all of it and more uh by shorting this market. We're going to be doing that uh using the money line"}, {"start": "00:56:48", "end": "00:56:55", "text": "within the bullman community. It's u I mean can you make let's say you did not listen to the to the warning signs can"}, {"start": "00:56:55", "end": "00:57:02", "text": "you make the money back you can you can I mean there are as long as you're in crypto there are infinite number of ways to get back whether it is when you have"}, {"start": "00:57:02", "end": "00:57:08", "text": "a confirmation of uh of the bare trend uh whether it is to short during that uh"}, {"start": "00:57:08", "end": "00:57:13", "text": "time with good risk management uh with position sizing and so forth or"}, {"start": "00:57:13", "end": "00:57:19", "text": "whether it is to buy back when we flip bullish that's the time that's that's the"}, {"start": "00:57:19", "end": "00:57:22", "text": "Uh"}, {"start": "00:57:25", "end": "00:57:28", "text": "down."}, {"start": "00:57:35", "end": "00:57:43", "text": "Please play 100K. So, well, we got to get back to 100K. We got to get back to 100K."}, {"start": "00:57:43", "end": "00:57:48", "text": "If we get back to 100K, we're going to play it. We're going to play it."}, {"start": "00:57:48", "end": "00:57:54", "text": "Listen guys, that's it. Thanks a lot for being here. Thanks a lot for contributing to the stream with great"}, {"start": "00:57:54", "end": "00:58:01", "text": "questions, great um uh great interactions. Big shout out to Hutu Guzman for time stamping us. Uh we will"}, {"start": "00:58:01", "end": "00:58:07", "text": "get back uh tomorrow to another stream. Enjoy your Tuesday."}, {"start": "00:58:07", "end": "00:58:14", "text": "Uh enjoy this market in whatever way you can enjoy it because I mean believe it or not, it's going to be okay. like"}, {"start": "00:58:14", "end": "00:58:19", "text": "everything's going to be okay as long as you stay in crypto. And"}, {"start": "00:58:19", "end": "00:58:27", "text": "if we assume the bare scenario, which the probabilities are pointing towards that, we are already more than a month"}, {"start": "00:58:27", "end": "00:58:35", "text": "through it. Okay, we're five weeks through it. So, we have like another 50 weeks to go."}, {"start": "00:58:36", "end": "00:58:41", "text": "Okay, so we we've gone through quite a chunk. Okay, for most people, they don't"}, {"start": "00:58:41", "end": "00:58:47", "text": "realize it's bear until his bear is over. Tom Lee is going to be bullish until the bear is over and then he's"}, {"start": "00:58:47", "end": "00:58:53", "text": "still going to be bullish. So, he's going to be right at the end. He's always like that. He's going to be right at the end. He's"}, {"start": "00:58:53", "end": "00:58:58", "text": "bullish, bullish. You know, we go down. Bullish, bullish, and then he's correct and bullish. Bull."}, {"start": "00:58:58", "end": "00:59:05", "text": "Guys, see you. Have a good day. And goodbye, guys. Goodbye. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "Oh yes, oh yes, oh yes, oh yes. Guys, welcome to another episode. And as you can see right now, Bitcoin now is at 97."}, {"start": "00:00:07", "end": "00:00:12", "text": "Bitcoin is falling and falling and falling. We went below the 50week moving"}, {"start": "00:00:12", "end": "00:00:18", "text": "average. Now the week still hasn't closed. We still have two days. So let's see how the week closes. But it does"}, {"start": "00:00:18", "end": "00:00:23", "text": "look like it wants to close below the 50week moving average, which is the"}, {"start": "00:00:23", "end": "00:00:30", "text": "yellow line on the chart. You can see very clearly. We've been saying that if it closes below 50 week, we're going to"}, {"start": "00:00:30", "end": "00:00:35", "text": "derisk even more. But also guys, for a moment here, we did go below the weekly"}, {"start": "00:00:35", "end": "00:00:40", "text": "money line flip. You see here, just boop, below it. Now, the week again has"}, {"start": "00:00:40", "end": "00:00:47", "text": "to close. We need to close the wig below the money line flip in order for it to"}, {"start": "00:00:47", "end": "00:00:52", "text": "be confirmed bearish. We did not do that. We still have two days to go. Let's see if the week closes. But this"}, {"start": "00:00:52", "end": "00:00:59", "text": "kind of scenario is what we've been speaking about since October 8th, guys. And by the way, speaking about this kind"}, {"start": "00:00:59", "end": "00:01:04", "text": "of stuff obviously has not been super popular. Many people, they really get angry when I tell them, listen, be"}, {"start": "00:01:04", "end": "00:01:11", "text": "careful. Like we said on October 8th, people really get angry. So I've been in a very very very interesting position"}, {"start": "00:01:11", "end": "00:01:18", "text": "where everything I'm saying is correct. But but the amount of attacks have been insane. Now the good thing is that today"}, {"start": "00:01:18", "end": "00:01:24", "text": "when we see this play out to the downside from 124 on October 8th to now"}, {"start": "00:01:24", "end": "00:01:29", "text": "97 98 I do get a ton of great messages. So thanks a lot for everyone who is"}, {"start": "00:01:29", "end": "00:01:34", "text": "here. Thanks a lot for everyone who is supporting because at the end of the day the easiest thing to always do is to"}, {"start": "00:01:34", "end": "00:01:40", "text": "just be mega bull and we have been mega bull since uh since January 2023 until"}, {"start": "00:01:40", "end": "00:01:47", "text": "October 2025 as you know. So this tracker tracker recorder by the way is frankly unheard of if I am to say if I"}, {"start": "00:01:47", "end": "00:01:55", "text": "am to be so bold if I to be if I am to be so bold this track record is frankly frankly frankly unheard of okay and it"}, {"start": "00:01:55", "end": "00:02:01", "text": "is possible using mechanical rules using the miny possible but guys another thing you remember we discussed the wolf so"}, {"start": "00:02:01", "end": "00:02:08", "text": "people are are saying give us an update on the wolf now the wo distribution if you overlay it on the daily chart man I"}, {"start": "00:02:08", "end": "00:02:15", "text": "mean I don't make the rules but you see self w distribution man it's kind of exact"}, {"start": "00:02:15", "end": "00:02:21", "text": "exact exact exact and we've been checking in on this during the last few weeks as well based since October 8th"}, {"start": "00:02:21", "end": "00:02:28", "text": "we've been tracking tracking the wov grandpa woff day by day by day and yeah"}, {"start": "00:02:28", "end": "00:02:34", "text": "right now it seems to go into this final phase basically that it uh it flashes down below the previous levels so wov on"}, {"start": "00:02:34", "end": "00:02:41", "text": "the bitcoin daily uh I mean you see yourself now is it only doom and gloom is it possible to recover cover"}, {"start": "00:02:41", "end": "00:02:48", "text": "portfolio. Is it possible to make money back? What do we do in this situation? In case in case you this is taking you"}, {"start": "00:02:48", "end": "00:02:53", "text": "by surprise. I mean for many people this is no surprise especially you've been watching this channel. But let's imagine"}, {"start": "00:02:53", "end": "00:03:00", "text": "where you are surprised a situation in which you are surprised. This is like news for you that Bitcoin has been a bit"}, {"start": "00:03:00", "end": "00:03:05", "text": "weak. What to do at this point in time? Number one, you need to understand that"}, {"start": "00:03:05", "end": "00:03:10", "text": "it is possible to make the money back. As long as you are in crypto, it is possible. Obviously, you just have to"}, {"start": "00:03:10", "end": "00:03:15", "text": "stay in crypto. That's number one. Ensure you don't leave crypto. Number two, there is still a chance that we"}, {"start": "00:03:15", "end": "00:03:22", "text": "bounce. There is still a chance because here we we bounce off of the money line. This is"}, {"start": "00:03:22", "end": "00:03:28", "text": "literally like the last this is the last thing that can support it because here we bounce off of the money line and and"}, {"start": "00:03:28", "end": "00:03:34", "text": "the 50 moving average. So, there is still a chance that it bounces, but to be fully all in at this point, it's not"}, {"start": "00:03:34", "end": "00:03:42", "text": "that smart because we've been zisking since 120. And so what you need to do here is to develop a good strategy based"}, {"start": "00:03:42", "end": "00:03:47", "text": "on mechanical rules. And that's exactly what we teach. If you click the link below, it says get trained by me, you"}, {"start": "00:03:47", "end": "00:03:54", "text": "get free training on how to use the mechanical rules because you need to have a strategy where you take bets with"}, {"start": "00:03:54", "end": "00:03:59", "text": "limited downside and unlimited upside. It is possible to deploy them in this"}, {"start": "00:03:59", "end": "00:04:05", "text": "market. It is possible to recoup most of the cash if you stay in crypto, if you take it seriously, and if you educate"}, {"start": "00:04:05", "end": "00:04:10", "text": "yourself. Most people they I mean they just randomly they they randomly buy they randomly sell. But on the big big"}, {"start": "00:04:10", "end": "00:04:15", "text": "picture what we do have here is the last chance for Bitcoin to bounce. We did"}, {"start": "00:04:15", "end": "00:04:22", "text": "bounce off of the money line flip here back in April. So is it possible to do now? It is possible but bulls need to"}, {"start": "00:04:22", "end": "00:04:30", "text": "step in guys. I mean we we have lost uh if we close like this we have lost the 50. Okay. And what can happen next here"}, {"start": "00:04:30", "end": "00:04:36", "text": "is that we go back and we retest the 50 week. Imagine that this is now the 50 week. It goes like this something. So"}, {"start": "00:04:36", "end": "00:04:43", "text": "what can happen next is that we go back, we retest here and then get rejected. Okay? When you have such a important"}, {"start": "00:04:43", "end": "00:04:50", "text": "level as as 50 week, you really need to ensure you don't stay below it because it goes from support to resistance. It's"}, {"start": "00:04:50", "end": "00:04:56", "text": "always like that. Old support is new resistance. So it wouldn't surprise me if we see something like that. Uh and uh"}, {"start": "00:04:56", "end": "00:05:03", "text": "keep an eye on this dead cat bounce in case it happens. Okay? In case it happens. Uh but for bulls to really step"}, {"start": "00:05:03", "end": "00:05:09", "text": "in, we need to see like this. We need an impulse. This is what I've been saying on the channel for last uh days and weeks, we need impulse, impulse,"}, {"start": "00:05:09", "end": "00:05:17", "text": "impulse, impulse, impulse, pump to the upside, which means pilent pump to the upside that recaptures a lot of the old"}, {"start": "00:05:17", "end": "00:05:24", "text": "highs. This high for example, this high and and finally this high recaptured. Okay, we need an impulse move. And so if"}, {"start": "00:05:24", "end": "00:05:30", "text": "we start moving to the upside initially we will have the danger that this is just to retest the 50 week and then get"}, {"start": "00:05:30", "end": "00:05:35", "text": "rejected like a wreck pleb. And so we need to be careful but in case it pushes"}, {"start": "00:05:35", "end": "00:05:41", "text": "higher you know suddenly it's at 115 it's a different story. It's a different story. What you don't want to see is"}, {"start": "00:05:41", "end": "00:05:46", "text": "slow bleed. It goes back to like one 103 and then kind of derps around here and"}, {"start": "00:05:46", "end": "00:05:54", "text": "then down because the slow bleed it's it's very bad. It's very very bad. So guys, all in all, it is possible to to"}, {"start": "00:05:54", "end": "00:05:59", "text": "uh make everything back if you stay in crypto. That's my main message to you right now. If you stay in crypto, you"}, {"start": "00:05:59", "end": "00:06:05", "text": "have to stay in crypto. You have to stay in crypto. You have to be here throughout the bare market in case we"}, {"start": "00:06:05", "end": "00:06:10", "text": "enter it now. I mean, we're right on the border now with with the money line. But if we enter it, let me give you the"}, {"start": "00:06:10", "end": "00:06:16", "text": "positive side. The positive side is that likely within a few quarters, it will end. The bear will end within a few"}, {"start": "00:06:16", "end": "00:06:25", "text": "quarters. And the big opportunity obviously is to be buying Bitcoin with size just like we did back in at 2023"}, {"start": "00:06:25", "end": "00:06:30", "text": "when the bare trend turns to bull. Okay, now we're still in bull but we're right"}, {"start": "00:06:30", "end": "00:06:37", "text": "on the board. So if we don't get the bounce to 115 uh I mean this signal we cannot ignore it if it goes below here."}, {"start": "00:06:37", "end": "00:06:43", "text": "Uh but you see here we did go to bull trend very nicely and u we went uh I"}, {"start": "00:06:43", "end": "00:06:50", "text": "basically all in with big fat size and all the way until October 8th here we've been bull bull bull [ __ ] your bull"}, {"start": "00:06:50", "end": "00:06:56", "text": "since October 8th we have started to derisk and u yeah uh if we see the fall"}, {"start": "00:06:56", "end": "00:07:03", "text": "below this level some kind of bear uh in terms of targets if we were to discuss I mean let's say we go to 70 60 maybe 50"}, {"start": "00:07:03", "end": "00:07:09", "text": "something like that uh maybe here until June yeah June June, July, something like that. And then boop to the upside."}, {"start": "00:07:09", "end": "00:07:14", "text": "Maybe not this fast, but somewhere here I think we're going to see the return because of the liquidity, because of all"}, {"start": "00:07:14", "end": "00:07:21", "text": "of the money printing that is still not cancelled. It just takes time for it to propagate. So a few quarters of of bear"}, {"start": "00:07:21", "end": "00:07:27", "text": "is not would not be crazy. That is that is the bearish. But still guys, a bit of hope for the bulls to get a get a bounce"}, {"start": "00:07:27", "end": "00:07:34", "text": "here. Can we get a bounce? Let know in the comment section what you think. Now before we go into more news, welcome everyone who is watching live. Smash up"}, {"start": "00:07:34", "end": "00:07:39", "text": "the like as soon as possible. Big shout out to Dub who is timestamping us today."}, {"start": "00:07:39", "end": "00:07:46", "text": "Let me know how you're doing this fantastic Friday. And it is fantastic. I know I know many people are saying, \"Oh no, Ivan, it's not fantastic. It's it's"}, {"start": "00:07:46", "end": "00:07:51", "text": "bad.\" I I think it's fantastic, guys. It's fantastic. Someone asked uh crypto"}, {"start": "00:07:51", "end": "00:07:57", "text": "for you asked in in the comments, Ivan, how does the coffee taste? I told him it tastes exactly as predicted taste. You"}, {"start": "00:07:57", "end": "00:08:03", "text": "know that taste? It's a very nice taste. So, it's exactly"}, {"start": "00:08:03", "end": "00:08:09", "text": "as predicted. Seasonal taste by Starbucks. Starbucks called us. They said, \"Ivan,"}, {"start": "00:08:09", "end": "00:08:16", "text": "we're going to do exactly as predicted because we've been watching your channel since October 8th is exactly as"}, {"start": "00:08:16", "end": "00:08:22", "text": "predicted and we will do a special a special coffee taste like that. I'm"}, {"start": "00:08:22", "end": "00:08:27", "text": "joking, but maybe not.\" Guys, welcome. Smash up."}, {"start": "00:08:27", "end": "00:08:33", "text": "Let's go to 4K likes. Check out the link below for number one the education because this this bear we're going to"}, {"start": "00:08:33", "end": "00:08:39", "text": "make a ton a ton at ton a ton with leverage with shorting it is possible"}, {"start": "00:08:39", "end": "00:08:45", "text": "you need to do it properly because most people get wrecked with leverage they get absolutely wrecked I mean leverage is not to increase risk actually"}, {"start": "00:08:45", "end": "00:08:52", "text": "leverage decreases your risk if you use it properly but u to learn go there below it is possible to make back if you"}, {"start": "00:08:52", "end": "00:08:58", "text": "trade properly you stop guessing you have a mechanical system so that's number one number two check out pion"}, {"start": "00:08:58", "end": "00:09:04", "text": "Pionex below you get a big fat signabones for Pionex the bots. Let me actually see I need to relog in I did"}, {"start": "00:09:04", "end": "00:09:10", "text": "open up this Bitcoin bot but we didn't see too much volatility. We just saw down so I guess it is in a bit of a loss"}, {"start": "00:09:10", "end": "00:09:16", "text": "but I need to relog in. I'll do it towards the next show but you know a few days ago we opened it but the problem is"}, {"start": "00:09:16", "end": "00:09:22", "text": "it makes money if if it goes down and then a bit up. So now it just went down. We need a bit up for it to make profit."}, {"start": "00:09:22", "end": "00:09:27", "text": "But anyway you you you have all of this boss there. Uh weeks you have the link buy bit you have the link. I mean you"}, {"start": "00:09:27", "end": "00:09:33", "text": "have the link for everything below you have for everything buy a bit you can go long you can go short all of them all of"}, {"start": "00:09:33", "end": "00:09:38", "text": "them all of them you have below so based on this uh what can we say about the"}, {"start": "00:09:38", "end": "00:09:47", "text": "state of the of the market let's go through some of the stats you have here uh a situation with um uh the ETFs let's"}, {"start": "00:09:47", "end": "00:09:52", "text": "check the ETF what are the ETFs doing are we inflow are we outflow what is"}, {"start": "00:09:52", "end": "00:09:59", "text": "happening what's happening oh my god holy Macaron"}, {"start": "00:09:59", "end": "00:10:05", "text": "800 million outflow man."}, {"start": "00:10:05", "end": "00:10:10", "text": "Holy crap, guys."}, {"start": "00:10:10", "end": "00:10:17", "text": "Man, where are the people are saying, Ivan? No, no, no. You know, since October 8th when we when we went risk"}, {"start": "00:10:17", "end": "00:10:22", "text": "off, we start to be conservative. People were saying, Ivan, no, no, what are you saying? What do you mean? Institutions"}, {"start": "00:10:22", "end": "00:10:28", "text": "will come in. institutions with the ETF will come in and they gonna buy the bare"}, {"start": "00:10:28", "end": "00:10:34", "text": "market not possible down not possible only up possible so people were attacking us people were spitting in our"}, {"start": "00:10:34", "end": "00:10:44", "text": "face literally and figuratively and the institutions what are the institutions doing what is this minus $800 million"}, {"start": "00:10:44", "end": "00:10:49", "text": "they they dump on you okay minus800 million okay this what happened uh"}, {"start": "00:10:49", "end": "00:11:01", "text": "yesterday minus 8 this these are the institutions Okay, this is the ETF. Okay, then on 12th minus 27 uh78. Okay,"}, {"start": "00:11:01", "end": "00:11:07", "text": "then on the 7th minus five. See, see at least here they bought a bit on the 11th. But oh no, you see outflow,"}, {"start": "00:11:07", "end": "00:11:13", "text": "outflow, outflow, outflow, outflow, outflow, outflow, sell pressure, sell pressure, sell pressure, sell pressure, sell pressure, sell pressure, sell"}, {"start": "00:11:13", "end": "00:11:20", "text": "pressure, sell pressure, sell pressure, sell pressure, sell pressure. Then you look at Micro Strategy. Maybe Micro"}, {"start": "00:11:20", "end": "00:11:25", "text": "Strategy going to buy. Maybe they're gonna buy Bitcoin. Then you look at them. Where is Micro Strategy? This is"}, {"start": "00:11:25", "end": "00:11:33", "text": "Microsoft Micro Strategy. Where are they, man? Down like hell. Like a falling knife."}, {"start": "00:11:33", "end": "00:11:39", "text": "Like a falling freaking knife. Micro Strategy. How they going to buy? They cannot buy. So ETF not buying Micro"}, {"start": "00:11:39", "end": "00:11:46", "text": "Strategy. Where is Micro Strategy? Is it in the room with us? Not buying. And this is the kind of stuff, you know,"}, {"start": "00:11:46", "end": "00:11:53", "text": "people don't want to hear the truth. We've been saying the truth. We've been attacked for the truth. But uh it is what it is. Also, let me quickly see the"}, {"start": "00:11:53", "end": "00:11:59", "text": "uh nav. Where do you see here? Everyone uh view more analytics. Where do you see the nav only bitcoin? Because I did see"}, {"start": "00:11:59", "end": "00:12:05", "text": "a screenshot online where they saw a nav only bitcoin because that one is now"}, {"start": "00:12:05", "end": "00:12:11", "text": "below uh below one. Uh but why why they didn't show here or am I blind? I don't see it"}, {"start": "00:12:11", "end": "00:12:18", "text": "here. Uh I don't see it here. But they should have it somewhere. Bitcoin Nav like not MNAV including the uh the whole"}, {"start": "00:12:18", "end": "00:12:24", "text": "enterprise value because Bitcoin Nav is is just one part then you also have enterprise value which is with a debt"}, {"start": "00:12:24", "end": "00:12:30", "text": "and other assets and all of that but anyway it is now below one just like someone said in the comment section uh"}, {"start": "00:12:30", "end": "00:12:38", "text": "yesterday I did check it uh check it uh afterwards and so with all of the enterprise value it's it's uh above but"}, {"start": "00:12:38", "end": "00:12:44", "text": "then if you just look at Bitcoin when you when you remove all other stuff it is below so potentially"}, {"start": "00:12:44", "end": "00:12:49", "text": "potentially it is a big sign that we are seeing some bearish time because I"}, {"start": "00:12:49", "end": "00:12:57", "text": "remember in the last bear we did see discounts on grayscale instead of premium on grayscale funds we did see"}, {"start": "00:12:57", "end": "00:13:03", "text": "big fat discount okay big fat discount so now micro strategy is kind of"}, {"start": "00:13:03", "end": "00:13:11", "text": "grayscale of this uh of this cycle I mean it it plays a similar role it's a proxy for bitcoin exposure and the"}, {"start": "00:13:11", "end": "00:13:17", "text": "problem with it is that h I mean you don't want to lo, you know, you you lost this, you lost. Yeah. So, all in all,"}, {"start": "00:13:17", "end": "00:13:22", "text": "guys, the reason why I'm excited here is because bearish is nice. I mean, it's"}, {"start": "00:13:22", "end": "00:13:29", "text": "opportunity. It's opportunity. We wouldn't be able to buy Bitcoin in January 2023 here at 20K without the"}, {"start": "00:13:29", "end": "00:13:34", "text": "bear. Okay? So, don't um I mean, don't worry. Even if we go down here into the"}, {"start": "00:13:34", "end": "00:13:40", "text": "bear, don't worry about it's going to be great. It's going to be great. If we bounce also great, also great. So, that's the power of the mechanical rules"}, {"start": "00:13:40", "end": "00:13:46", "text": "which we teach in the link below. if you check get trained by me because really it doesn't matter like as long as you"}, {"start": "00:13:46", "end": "00:13:52", "text": "have a strategy for both scenarios you're in profit no matter what you're in profit no matter what okay we bounce"}, {"start": "00:13:52", "end": "00:13:58", "text": "here great we don't bounce I mean the chart does look weak it does look weak it can still b like anything is possible"}, {"start": "00:13:58", "end": "00:14:04", "text": "it's all probabilities but it does look weak and if we don't bounce we enter bare I mean personally I'm excited we're"}, {"start": "00:14:04", "end": "00:14:11", "text": "going to be buying with freaking size as soon as soon as soon as the trend shifts"}, {"start": "00:14:11", "end": "00:14:17", "text": "into bull like we saw right here and uh yeah in the in our bull mania private"}, {"start": "00:14:17", "end": "00:14:23", "text": "weekly reports I covering I'm covering it step by step by step by step by step also. So that's that with the ETF. Uh"}, {"start": "00:14:23", "end": "00:14:31", "text": "let's see the monthly return. It seems guys it seems that Bitcoin wants to repeat uh I mean I don't want to uh you"}, {"start": "00:14:31", "end": "00:14:38", "text": "know say it now but it seems that it kind of wants to go here to what it did in 2018 where October was minus3,"}, {"start": "00:14:38", "end": "00:14:43", "text": "November was minus 36. Now October was three. Now November is minus 11. Now the"}, {"start": "00:14:43", "end": "00:14:50", "text": "month is only halfway. It still has halfway to go and dump towards 36. Okay,"}, {"start": "00:14:50", "end": "00:14:56", "text": "from the from the bearish perspective, it from the bullish, maybe it can go back to zero. I mean, maybe it can even"}, {"start": "00:14:56", "end": "00:15:02", "text": "go green. But you know, it's that Simson uh Simson meme, you know, it's only down"}, {"start": "00:15:02", "end": "00:15:09", "text": "10%, you know, yet. Where was it? This far. You're only down 10% yet. Okay, it still"}, {"start": "00:15:09", "end": "00:15:14", "text": "has another 15 days to go minus 36. Okay, I mean ju just keeping it real."}, {"start": "00:15:14", "end": "00:15:21", "text": "It's if we break guys, if we break the if we close below 50 week the yellow and"}, {"start": "00:15:21", "end": "00:15:28", "text": "then we go even lower here, we close the money line in a in a bearish way, we just need to close below 96.2. Uh you"}, {"start": "00:15:28", "end": "00:15:35", "text": "may see elevator down. I mean, it is what it is. But listen, don't worry. Don't worry. Be stay in"}, {"start": "00:15:35", "end": "00:15:42", "text": "crypto. Stay in crypto. Stay in crypto. whatever way possible. Stay in crypto. Stay in crypto. Stay in crypto and"}, {"start": "00:15:42", "end": "00:15:49", "text": "ideally also learn how to trade properly using the link below for mechanical rules because this is opportunity. Bare"}, {"start": "00:15:49", "end": "00:15:55", "text": "market is opportunity is great is great. You will have big discounts and I have"}, {"start": "00:15:55", "end": "00:16:00", "text": "no doubt that Bitcoin will continue higher uh in 2026 towards the middle and"}, {"start": "00:16:00", "end": "00:16:06", "text": "uh probably end of 2026. Now just to show the four-year cycle. Four year"}, {"start": "00:16:06", "end": "00:16:14", "text": "cycle I mean um some people still say it's uh it's fugazi. I I don't know guys. I mean you you see yourself"}, {"start": "00:16:14", "end": "00:16:20", "text": "at least for I mean now it's been useful. Some people say Ivan why do you speak about for cycle? It's man I mean"}, {"start": "00:16:20", "end": "00:16:25", "text": "what I don't know what are you speaking like it's you see the the the white it"}, {"start": "00:16:25", "end": "00:16:31", "text": "topped out where other cycle topped out. Can it still go? Maybe it goes back. Yes, maybe it goes back. Everything is"}, {"start": "00:16:31", "end": "00:16:38", "text": "possible. Uh uh that's why we're never all in or all out. We're like water like two glasses of water. Dry powder"}, {"start": "00:16:38", "end": "00:16:44", "text": "Bitcoin. You have water. You can pour water. Pour water. Bum bum bum bum bum. So since"}, {"start": "00:16:44", "end": "00:16:50", "text": "October 8th, we've been pouring water from all in Bitcoin and crypto to dry powder."}, {"start": "00:16:50", "end": "00:16:56", "text": "So listen, if it somehow revives like Terminator in uh Terminator 1 at the"}, {"start": "00:16:56", "end": "00:17:01", "text": "end, you know the movie, great. But I mean, you see yourself like to to attack"}, {"start": "00:17:01", "end": "00:17:09", "text": "the four-year cycle to say that it doesn't work. I I don't know, man. Like you told me it doesn't work. Okay. I"}, {"start": "00:17:09", "end": "00:17:14", "text": "think it works. I mean, am I blind or you blind? Who is blind here? Someone is blind?"}, {"start": "00:17:14", "end": "00:17:20", "text": "Who is blind? Who is blind? What? What? What do you mean it doesn't"}, {"start": "00:17:20", "end": "00:17:28", "text": "work? Like I mean, literally, what what what are we speaking about here? Someone is blind, guys. Are you blind or am I"}, {"start": "00:17:28", "end": "00:17:35", "text": "blind? I think it's exactly. I think it's exact. Are we living in a"}, {"start": "00:17:35", "end": "00:17:41", "text": "simulation? For some, see, for some people, it messes with their brain. How can it repeat, guys? Maybe we live in a"}, {"start": "00:17:41", "end": "00:17:46", "text": "simulation. I literally don't. I thought the same thing. So, I thought the same"}, {"start": "00:17:46", "end": "00:17:51", "text": "thing before as well. How can things repeat? Whether it's CA, whether it's other stuff, man, it repeats. Many"}, {"start": "00:17:51", "end": "00:17:57", "text": "things in life, they repeat. They rhyme, man. They rhyme. Maybe we live in simulation. Maybe like Elon Musk has"}, {"start": "00:17:57", "end": "00:18:04", "text": "been saying, we're we're in a simulated reality. Simulation restarts. Many things in life repeat. Trend is your"}, {"start": "00:18:04", "end": "00:18:09", "text": "friend. It repeated the last times. Okay, you can use brain. You can extrapolate a bit. Maybe it's going to"}, {"start": "00:18:09", "end": "00:18:15", "text": "repeat this time. At least have that in the risk calculation. Okay. But no, it's for your cycle. It's fake. Ivan is fake,"}, {"start": "00:18:15", "end": "00:18:22", "text": "man. What is this? What is this? What is this? I Anyway, let's go and check what the whales are doing. Whales are doing"}, {"start": "00:18:22", "end": "00:18:28", "text": "what's happening. They've been um oh okay so the big whales profitable"}, {"start": "00:18:28", "end": "00:18:34", "text": "wallets very bearish on hyperlquid a bit less profitable is slightly bearish and now you know the bearishness starts"}, {"start": "00:18:34", "end": "00:18:40", "text": "propagating to other ones you know yesterday this was bullish today it's indecisive those that have 10k to 100k"}, {"start": "00:18:40", "end": "00:18:46", "text": "in profit on hyperlid now now they're indecisive so uh always this big wallets"}, {"start": "00:18:46", "end": "00:18:51", "text": "with big uh uh profit they have been a very good signal here because they've been very bearish basically since the"}, {"start": "00:18:51", "end": "00:18:57", "text": "liquidation day you remember the liquidquid liquidation day. You remember the liquidation day October 10th. You"}, {"start": "00:18:57", "end": "00:19:02", "text": "remember that we warned on October 8th to remove uh leverage"}, {"start": "00:19:02", "end": "00:19:07", "text": "meaning we warned before and then liquidation happened after. Uh it was"}, {"start": "00:19:07", "end": "00:19:13", "text": "very nice call if I'm to be so bold. If I'm to be so bold guys I'm to be a bit"}, {"start": "00:19:13", "end": "00:19:18", "text": "slightly bald. Uh so anyway the big wallets they were already then"}, {"start": "00:19:18", "end": "00:19:24", "text": "conservative the the the most profitable and then the other ones were bullish but"}, {"start": "00:19:24", "end": "00:19:31", "text": "now it's propagating. You see now this one is slightly bearish this one. So all in all um it's uh it is what it is. Uh"}, {"start": "00:19:31", "end": "00:19:37", "text": "can we still bounce? Maybe uh still possible. But man longterm okay let's"}, {"start": "00:19:37", "end": "00:19:43", "text": "switch to bullish. Let's switch to bullish. Great with the with everything that we've been speaking. Let's go to"}, {"start": "00:19:43", "end": "00:19:49", "text": "bullish. Let's speak about what's happening and why Bitcoin will come back bigger than ever. That's why this bare"}, {"start": "00:19:49", "end": "00:19:56", "text": "market reframe it. Reframe it. Reframe it as discount. Black Friday you like"}, {"start": "00:19:56", "end": "00:20:02", "text": "discount. You see plasma TV minus 50% you buy. Bitcoin if you see minus 50%"}, {"start": "00:20:02", "end": "00:20:09", "text": "you also have to buy like especially when we turn the trend because you have the revolution continuing and yes"}, {"start": "00:20:09", "end": "00:20:16", "text": "sometimes Bitcoin goes down for a few quarters sometimes the drop is big but long-term the revolution does continue"}, {"start": "00:20:16", "end": "00:20:23", "text": "it does continue look here check national bank purchased 1 million worth"}, {"start": "00:20:23", "end": "00:20:28", "text": "of Bitcoin very very very nicely and what I love the most is that Christine"}, {"start": "00:20:28", "end": "00:20:35", "text": "Lagard said that it will never happen. This was back in January. This is what she said in January. Okay, listen to"}, {"start": "00:20:35", "end": "00:20:41", "text": "her. on this uh matter that you referred to and whether reserves of central bank"}, {"start": "00:20:41", "end": "00:20:47", "text": "um should or could include bitcoins. I think there is a view around the table"}, {"start": "00:20:47", "end": "00:20:52", "text": "of the governing council and most likely the general council as well that"}, {"start": "00:20:52", "end": "00:20:58", "text": "reserves have to be liquid that reserves have to be secure that they have to be"}, {"start": "00:20:58", "end": "00:21:06", "text": "safe that they should not be plugged by the suspicion of money laundering or other uh criminal activities and as a"}, {"start": "00:21:06", "end": "00:21:14", "text": "result I'm confident uh that reserves will not enter sorry that"}, {"start": "00:21:14", "end": "00:21:19", "text": "bitcoins will not enter the reserves of any of the central banks of uh the uh"}, {"start": "00:21:19", "end": "00:21:27", "text": "general council. She was so confident but it did end"}, {"start": "00:21:27", "end": "00:21:35", "text": "will not enter sorry that bitcoins will and as a result I'm confident uh that"}, {"start": "00:21:35", "end": "00:21:42", "text": "reserves will not enter uh sorry that bitcoins will not the bitcoins guys the bitcoins are"}, {"start": "00:21:42", "end": "00:21:47", "text": "entering the bitcoins are coming one by one bum bum bum bum bum many bitcoins"}, {"start": "00:21:47", "end": "00:21:53", "text": "after each other they're walking into the reserve of the central banks in real"}, {"start": "00:21:53", "end": "00:22:00", "text": "time. In real time, bitcoins not bitcoin but bitcoins one after each other. Boom"}, {"start": "00:22:00", "end": "00:22:06", "text": "boom boom they are knocking on the door of Czech national bank and they are entering. Now another thing that's"}, {"start": "00:22:06", "end": "00:22:13", "text": "happening is this Luxmbourg which is also part of the EU. All of you guys"}, {"start": "00:22:13", "end": "00:22:19", "text": "Americans you don't know too much about geography. I saw some video where Americans thought that Australia is Iraq"}, {"start": "00:22:19", "end": "00:22:26", "text": "and they discuss how they're going to invade. But just so you know, Luxembourg is in the EU. Likenstein is not in the"}, {"start": "00:22:26", "end": "00:22:32", "text": "you know that Luxenberg Lienstein you if you guys are watching from US let me know if you can place it on the map. Uh"}, {"start": "00:22:32", "end": "00:22:40", "text": "now to be fair I don't know where the hell like Ohio is in uh in US. It's somewhere Montana South Dakota. I don't"}, {"start": "00:22:40", "end": "00:22:47", "text": "know any of that. But you don't know Luxmbourg and Lifenstein. So that's something. and you think that Australia is Iraq. But anyway, big shout out to"}, {"start": "00:22:47", "end": "00:22:54", "text": "the US viewers. Uh, so Luxembourg, Luxmbourg is in you and and they're"}, {"start": "00:22:54", "end": "00:23:02", "text": "putting 1% in Bitcoin. Listen to this. We do not just promise, but we deliver"}, {"start": "00:23:02", "end": "00:23:09", "text": "our sovereign wealth. Wait, wait, wait. Big shout out to us. I mean, the thing is we cannot joke about UK all the time. So I had to say"}, {"start": "00:23:09", "end": "00:23:16", "text": "something about you. We're going to joke about like uh Somalia and Mana and all of that. So, uh"}, {"start": "00:23:16", "end": "00:23:21", "text": "now it's your turn. This is what it is."}, {"start": "00:23:21", "end": "00:23:28", "text": "We do not just promise, but we deliver. Our sovereign wealth fund investing 1%"}, {"start": "00:23:28", "end": "00:23:34", "text": "of its assets in Bitcoin is not an announcement to seek attention. It's"}, {"start": "00:23:34", "end": "00:23:40", "text": "already done. And while the fund's investment policy allows for an"}, {"start": "00:23:40", "end": "00:23:49", "text": "allocation in any crypto asset, it has chosen to invest only in Bitcoin"}, {"start": "00:23:53", "end": "00:24:00", "text": "because as Michael Sailor once said, there is no second best."}, {"start": "00:24:00", "end": "00:24:06", "text": "And he's like forming he's forming engagement. This is the head of"}, {"start": "00:24:06", "end": "00:24:12", "text": "Luxmbourg uh sovereign fund man. He's like crypto. This is crypto Twitter in"}, {"start": "00:24:12", "end": "00:24:17", "text": "real life. Just you know say some sound bite and wait for wait for engagement."}, {"start": "00:24:17", "end": "00:24:24", "text": "Look here. There is no second best. He's like ah you you know that meme with"}, {"start": "00:24:24", "end": "00:24:32", "text": "the smiley who's like love it. Love it. And we're in it for the long haul. And"}, {"start": "00:24:32", "end": "00:24:40", "text": "let me be clear, Luxembourg huddles, we are still early,"}, {"start": "00:24:42", "end": "00:24:48", "text": "man. This is Boomer, you know. I mean, I love it. I love it. Luxembourg,"}, {"start": "00:24:48", "end": "00:24:54", "text": "I just wasn't prepared that he would he he would do another one right right afterward. I mean, I love it. I love 1%"}, {"start": "00:24:54", "end": "00:25:01", "text": "of Luxembourg sovereign wealth fund is going to be in Bitcoin. But I just love it. Luxembourg huddles."}, {"start": "00:25:01", "end": "00:25:07", "text": "We are still early. We're still still early."}, {"start": "00:25:07", "end": "00:25:16", "text": "I love it. I love it. It's something with the way he says it is so funny. I don't know what it is, but it's great. Like I I It's great."}, {"start": "00:25:16", "end": "00:25:21", "text": "Luxembourg huddles. We are still early."}, {"start": "00:25:21", "end": "00:25:27", "text": "I'm sure that others will soon follow our lead. We do not just promise."}, {"start": "00:25:27", "end": "00:25:32", "text": "Oh my god. Yeah. I mean, he's correct on a country level. They are early. They are early. There"}, {"start": "00:25:32", "end": "00:25:39", "text": "are not many countries that have Bitcoin in sovereign wealth fund like they or like in national bank as Czech Republic"}, {"start": "00:25:39", "end": "00:25:44", "text": "has. So yeah, that's true guys. This is why I'm a bit bearish on Bitcoin like uh"}, {"start": "00:25:44", "end": "00:25:50", "text": "see I think it's going to go to 1 million but it's just that it's captured or something. It's cap like I I I really"}, {"start": "00:25:50", "end": "00:25:56", "text": "need to watch this a bit more. But this is the head"}, {"start": "00:25:56", "end": "00:26:02", "text": "developer of Bitcoin, Gloria Xiao. I mean, this is the only thing that gets"}, {"start": "00:26:02", "end": "00:26:08", "text": "me a bit concerned because this girl, I mean, how old is she? I mean, listen, listen, listen."}, {"start": "00:26:08", "end": "00:26:13", "text": "You know, it's just like, you know, there's some Bitcoiners going to Stanford blockchain conference. So, if you want to meet them, I'd be like, \"Oh,"}, {"start": "00:26:13", "end": "00:26:20", "text": "I'm not going to say no.\" Like, it's not very often that you get to meet someone who works on Bitcoin Core. But in my head, I'm like imagining these like"}, {"start": "00:26:20", "end": "00:26:26", "text": "nutty like carnivore, narrow-minded, redneck like Bitcoin"}, {"start": "00:26:26", "end": "00:26:33", "text": "maximalists, you know? It's just like, you know, the [ __ ] is she on Camela rally or is she in"}, {"start": "00:26:33", "end": "00:26:38", "text": "Bitcoin? Like she is she like"}, {"start": "00:26:38", "end": "00:26:45", "text": "I get a bit concerned when I see this. That's why maybe we need Zcash, guys. I I I mean to be fair, I get a bit"}, {"start": "00:26:45", "end": "00:26:52", "text": "concerned that she escaped HR. She should be in HR."}, {"start": "00:26:52", "end": "00:26:58", "text": "You know, I there's some Bitcoiners going to Stanford Blockchain Conference. So, if you want to meet them, I'd be like, \"Oh, I'm not going to say no.\""}, {"start": "00:26:58", "end": "00:27:07", "text": "Like, it's not very often that you get to meet someone who works on Bitcoin Core. But in my head, I'm like imagining these like nutty like carnivore"}, {"start": "00:27:07", "end": "00:27:14", "text": "narrow-minded redneck like Bitcoin maximalists. you know, it's just like, you know, I have there's"}, {"start": "00:27:14", "end": "00:27:19", "text": "guys I I mean this thing uh uh with what's happening with the Bitcoin core,"}, {"start": "00:27:19", "end": "00:27:25", "text": "guys, this is Yeah, I'm I'm not too sure. Like, is this AI? People saying is"}, {"start": "00:27:25", "end": "00:27:29", "text": "this I don't think it's AI. I don't think it's AI."}, {"start": "00:27:30", "end": "00:27:33", "text": "I don't think it's AI."}, {"start": "00:27:35", "end": "00:27:39", "text": "She should go to Kamala Rally."}, {"start": "00:27:40", "end": "00:27:50", "text": "I don't understand how she she she got in. How did she get in? Who installed her? She must have been installed."}, {"start": "00:27:52", "end": "00:27:58", "text": "This Nazi carnivore narrow mine and redneck Bitcoin max. Listen, I don't"}, {"start": "00:27:58", "end": "00:28:04", "text": "always agree with Bitman Max, but is this core developer like lead core de? I"}, {"start": "00:28:04", "end": "00:28:10", "text": "I don't understand this. What's happening? What's happening? What's happening? What's happening?"}, {"start": "00:28:10", "end": "00:28:17", "text": "And then people wonder what what happened to to to Zash? Why Zach pumps?"}, {"start": "00:28:17", "end": "00:28:23", "text": "What is this? Um, your first fellow is uh a talented"}, {"start": "00:28:23", "end": "00:28:28", "text": "developer out of California, Gloria Zhao. Can you talk about um you know how"}, {"start": "00:28:28", "end": "00:28:34", "text": "you found her? What that process was like? Um is she going to to London for your fellowship? Kind of like tell us"}, {"start": "00:28:34", "end": "00:28:39", "text": "about Gloria. Gloria is amazing. She's she's um she's"}, {"start": "00:28:39", "end": "00:28:46", "text": "got so much talent and so much potential and there's clearly a man in love. That was actually the wrong video."}, {"start": "00:28:46", "end": "00:28:52", "text": "Oh, okay. Matthew Crater, big shout out."}, {"start": "00:28:52", "end": "00:29:00", "text": "So she Who is this dude anyway? She He is in love with Gloria. They installed"}, {"start": "00:29:00", "end": "00:29:03", "text": "her."}, {"start": "00:29:08", "end": "00:29:15", "text": "I guess I I don't get it. I don't get it. I don't get it. That's the only thing guys from everything from everything that's the only thing which"}, {"start": "00:29:15", "end": "00:29:20", "text": "gets me a bit a bit like concerned with the uh with the Bitcoin. Now the"}, {"start": "00:29:20", "end": "00:29:26", "text": "good thing is that she is not the developer of the whole bitcoin because whole bitcoin is a protocol like it's a"}, {"start": "00:29:26", "end": "00:29:33", "text": "you know it's like a math okay she is in charge of bitcoin core which is one of"}, {"start": "00:29:33", "end": "00:29:39", "text": "the implementations the good thing is we have bitcoin not which is another software which is bitcoin okay so in"}, {"start": "00:29:39", "end": "00:29:45", "text": "case they start making bitcoin core too crazy there is another version okay uh"}, {"start": "00:29:45", "end": "00:29:51", "text": "which is uh which is more according to the to the spirit of uh of the"}, {"start": "00:29:51", "end": "00:29:57", "text": "community. Cyber Punk like we don't need Silicon Valley girl here releasing Bitcoin. That's the last thing actually we need. That's actually the last thing."}, {"start": "00:29:57", "end": "00:30:03", "text": "Okay. Anyway anyway guys that's that."}, {"start": "00:30:03", "end": "00:30:09", "text": "Yeah I mean I'm concerned guys. I mean with this kind of uh stuff is the only thing is the only thing."}, {"start": "00:30:09", "end": "00:30:16", "text": "Maybe it is the CIA. See some people are saying did CIA invent Bitcoin? I say listen it sounds uh it sounds dumb"}, {"start": "00:30:16", "end": "00:30:23", "text": "because Bitcoin is just open source so anyone can read it anyone can study it anyone can um you see that there's no"}, {"start": "00:30:23", "end": "00:30:30", "text": "back door but could CIA do a honey trap and install Gloria yes that that that"}, {"start": "00:30:30", "end": "00:30:35", "text": "makes way more sense that makes way makes and then they can start changing it in the actual malicious way that that"}, {"start": "00:30:35", "end": "00:30:41", "text": "that I can understand but this is this this this I can understand"}, {"start": "00:30:41", "end": "00:30:48", "text": "Okay. Okay. This I can understand this is the problem with the uh I don't I don't want"}, {"start": "00:30:48", "end": "00:30:56", "text": "to speak too much about it but this simp attack vector we don't speak too much about it in in software because"}, {"start": "00:30:56", "end": "00:31:02", "text": "many dudes you know they are in basement bum bum bum bum bum coding bitcoin bum bum bum if they don't see light they"}, {"start": "00:31:02", "end": "00:31:10", "text": "didn't shower for five months okay bum bum bum. So how do you hack them? Can you hack them by fishing? No. They're"}, {"start": "00:31:10", "end": "00:31:17", "text": "very smart at seeing your fake email. You're not going to hack them by fishing. Can you hack them by, you know,"}, {"start": "00:31:17", "end": "00:31:24", "text": "uh, some kind of other thing with a computer? No, because they live in a freaking Faraday cage. Faraday cage."}, {"start": "00:31:24", "end": "00:31:30", "text": "They know all about secure Wi-Fi. They know all about VPN tour browser. They"}, {"start": "00:31:30", "end": "00:31:38", "text": "know all about that. But the Simpac Vector, it is an unprotected front. Okay, it's a"}, {"start": "00:31:38", "end": "00:31:43", "text": "big big unprotected front. I don't think we discussed too much about it,"}, {"start": "00:31:43", "end": "00:31:50", "text": "but yeah, it's that one is that one is an unprotected front. Okay,"}, {"start": "00:31:51", "end": "00:31:59", "text": "anyway guys, let's go to Q&A questions, answers, debates. Big shout out big shout out to uh Dab who is timestamping"}, {"start": "00:31:59", "end": "00:32:05", "text": "us. Check out the uh training below for how to use mechanical rules, for how to"}, {"start": "00:32:05", "end": "00:32:10", "text": "use the uh the strategies that we teach. They can be used in bare market. If you"}, {"start": "00:32:10", "end": "00:32:17", "text": "are currently at a loss, you don't know, you're disoriented, what happened, you need to study, you need to learn for"}, {"start": "00:32:17", "end": "00:32:24", "text": "real. Don't leave crypto. Use the link below. Get trained by me. Click, click, click, click as soon as possible. Fully free. And uh yeah, let's go to Q&A"}, {"start": "00:32:24", "end": "00:32:31", "text": "questions, answers, debates, discussions. Shout out to Dabby Dab. Yes. Yes. Yes."}, {"start": "00:32:31", "end": "00:32:34", "text": "Indeed, indeed. Indeed."}, {"start": "00:32:49", "end": "00:32:55", "text": "I have a question. How cooked are alts, man? What do you think? I've been saying for this whole month"}, {"start": "00:32:55", "end": "00:33:00", "text": "since October 8th, I'm I'm not focusing on alts. Als are not priority. Bitcoin has to go up. If Bitcoin doesn't go up,"}, {"start": "00:33:00", "end": "00:33:08", "text": "alls go down. And the guy's like, \"What do you think? Did Does this affect the old season,"}, {"start": "00:33:09", "end": "00:33:14", "text": "man? Big shout out. Big shout out."}, {"start": "00:33:14", "end": "00:33:21", "text": "Does this affect the old season? Yeah, exactly. That that that's a great question."}, {"start": "00:33:22", "end": "00:33:30", "text": "Germany sells before it pumps. Uh Czech Republic buys before it dumps."}, {"start": "00:33:30", "end": "00:33:37", "text": "Yeah. So nation states they are they're uh exactly they're they're buying on the wrong"}, {"start": "00:33:37", "end": "00:33:42", "text": "Ivan uh was sir wov right all on the daily does look like sir wov was correct"}, {"start": "00:33:42", "end": "00:33:48", "text": "we we showed it in the start of the show on the daily sir wov was very correct uh"}, {"start": "00:33:48", "end": "00:33:55", "text": "let me go to daily uh where is it bitcoin bitcoin bitcoin"}, {"start": "00:33:55", "end": "00:34:00", "text": "USD bitcoin short trades you remember the Christmas"}, {"start": "00:34:00", "end": "00:34:06", "text": "Don't worry, I have this crystal. Um, so, so, so on the daily, guys, I mean,"}, {"start": "00:34:06", "end": "00:34:14", "text": "you see yourself one second."}, {"start": "00:34:14", "end": "00:34:20", "text": "The see the issue with [ __ ] alone is that you need to it depends on how you"}, {"start": "00:34:20", "end": "00:34:26", "text": "squeeze the chart this and that. But I can you like that? You can"}, {"start": "00:34:26", "end": "00:34:32", "text": "on the daily been very correct with the WOV distribution. And this was our signal here. This fake"}, {"start": "00:34:32", "end": "00:34:37", "text": "alltime high. This was our signal here at October 8th was a big big signal"}, {"start": "00:34:37", "end": "00:34:46", "text": "since then. Whoop down. And so this is like a topping pattern. Topping pattern."}, {"start": "00:34:47", "end": "00:34:53", "text": "Uh so the the problem though so we can we can see it like this. The the issue is that you cannot really trade based on"}, {"start": "00:34:53", "end": "00:35:00", "text": "it in real time because you know you know sometimes the chart is like that you look at the chart like you really have to squeeze it in so it so so you"}, {"start": "00:35:00", "end": "00:35:06", "text": "see that's why normally the best thing to use are the trends it is the money line like we've been saying because all"}, {"start": "00:35:06", "end": "00:35:14", "text": "of these different you know formations I mean you can squeeze it in if you want but there are many different ways to squeeze it okay uh many different ways"}, {"start": "00:35:14", "end": "00:35:19", "text": "to squeeze so that's why practically it's not very useful always because it"}, {"start": "00:35:19", "end": "00:35:25", "text": "depends on how you squeeze it but you definitely squeeze it in. So, it looks like that. It looks quite exact and that's what we've been we've been"}, {"start": "00:35:25", "end": "00:35:30", "text": "looking at it now and then. Um, but this is more like uh for us it's been more as"}, {"start": "00:35:30", "end": "00:35:37", "text": "a secondary signal, you know, secondary confirmation. Yes, trend on the daily turned bearish and we had a fake alltime"}, {"start": "00:35:37", "end": "00:35:43", "text": "high which is a sign of the beast kind of it's the sign of the reckoning and um"}, {"start": "00:35:43", "end": "00:35:48", "text": "yeah, it just was another thing that m it looks kind of like WOV and now let's say we go bearish on the weekly money"}, {"start": "00:35:48", "end": "00:35:54", "text": "line. It's like Wov would be another confirmation just you know secondary confirmation that we are uh bearish on"}, {"start": "00:35:54", "end": "00:36:01", "text": "the weekly and holy crap this kind of look like WOVF uh top also. So yeah,"}, {"start": "00:36:09", "end": "00:36:14", "text": "common mind a crypto bear market has never lasted on one. Yeah, normally it's a year. Normally it's a year of down. So that's why I'm thinking towards the end"}, {"start": "00:36:14", "end": "00:36:20", "text": "of 2026, we should see some um uh some uh uh bullishness if it plays"}, {"start": "00:36:20", "end": "00:36:28", "text": "out normally. Yo yo Luxenberg, what's up? You now have"}, {"start": "00:36:28", "end": "00:36:33", "text": "Bitcoin in your sovereign wealth. Exactly."}, {"start": "00:36:35", "end": "00:36:41", "text": "But guys, listen. Uh the the fight is not over. We're still not bearish on the"}, {"start": "00:36:41", "end": "00:36:46", "text": "money line. We are below the 50 week, which is very bad. But the line is still bullish. I mean, right on the border"}, {"start": "00:36:46", "end": "00:36:53", "text": "here. Right on the border. Right on the border. And I just want to speak about the"}, {"start": "00:36:53", "end": "00:37:00", "text": "cooking of the frog again because this this is the key thing. Uh you"}, {"start": "00:37:00", "end": "00:37:07", "text": "remember here we down from 120 to 101. This was crazy. But during next weeks"}, {"start": "00:37:07", "end": "00:37:13", "text": "people got used to price being at like 101 105. And we were worrying here all the time. Listen the price is like it's"}, {"start": "00:37:13", "end": "00:37:20", "text": "still around the liquidation week. We did not see V-shaped recovery like many people said. Instead it was just bleeding bleeding bleeding. So you had"}, {"start": "00:37:20", "end": "00:37:26", "text": "this cooking of the frog where people slowly get"}, {"start": "00:37:26", "end": "00:37:32", "text": "gaslight they actually gaslight themselves into thinking that 105 107 is like a good price it's strong or"}, {"start": "00:37:32", "end": "00:37:40", "text": "something and then you just need another leg down. So now people are oh my god it's 98 96 I promise you if we are a bit"}, {"start": "00:37:40", "end": "00:37:46", "text": "sideways here for the coming weeks I know you're going to feel wow 96 is amazing and bam another leg down. So that that's normally how bare markets,"}, {"start": "00:37:46", "end": "00:37:52", "text": "you know, how people survive the bare market by being fully wrecked, okay? Fully wrecked. They oh my god, it's so"}, {"start": "00:37:52", "end": "00:37:58", "text": "low. And then over the coming weeks, they kind of get used to it and then another boom, another big fat dump. And"}, {"start": "00:37:58", "end": "00:38:03", "text": "then they kind of get used to it. And yeah, that's how they continue minus 80%. Obviously, it's very painful"}, {"start": "00:38:03", "end": "00:38:08", "text": "because you have to all the way convince yourself that it's kind of okay. But yeah, remember it. And I'm telling you"}, {"start": "00:38:08", "end": "00:38:15", "text": "that because I've been there myself. Like I I've been I've been here since 2013. I've been in this cooked frog"}, {"start": "00:38:15", "end": "00:38:21", "text": "scenario many times. Many many times. That's why we uh when we see signal to"}, {"start": "00:38:21", "end": "00:38:28", "text": "the risk, we did risk despite the feeling because the feeling will mess with you. You're going to feel minus 105. Such a great price. What? It's not"}, {"start": "00:38:28", "end": "00:38:34", "text": "great. It's not great. It's where the liquidation week was basically."}, {"start": "00:38:34", "end": "00:38:40", "text": "I any news on Richard news? Um guys, it's uh"}, {"start": "00:38:40", "end": "00:38:48", "text": "what news you want? What news you want? It's uh"}, {"start": "00:38:48", "end": "00:38:55", "text": "fito. Palshin fito. I mean I understand Richard because Palchinto economics are"}, {"start": "00:38:55", "end": "00:39:01", "text": "so bad. Like it's the worst economics ever. It's the worst economics. He needs to like he needs to he is a new thing."}, {"start": "00:39:01", "end": "00:39:07", "text": "He's a new thing without too many holders because he really messed up Palian to economics. It's the worst"}, {"start": "00:39:07", "end": "00:39:12", "text": "because people sacrificed a lot. So they want big return obviously and the market"}, {"start": "00:39:12", "end": "00:39:19", "text": "cap you need for that. So everyone has this big like it's impossible. And also just a reminder"}, {"start": "00:39:19", "end": "00:39:24", "text": "this is what he said Richard said a few years ago on my channel. Listen to this."}, {"start": "00:39:24", "end": "00:39:30", "text": "And then compare what what he said to what he does now. They got a bunch of volunteers making their shitcoin worth"}, {"start": "00:39:30", "end": "00:39:36", "text": "more when they raised multiple billions of dollars. Like why does a company"}, {"start": "00:39:36", "end": "00:39:41", "text": "that's raised billions of dollars need [ __ ] volunteers for anything? What? Cuz they can't. Cuz people are so"}, {"start": "00:39:41", "end": "00:39:47", "text": "stupid. They're like, \"Yo, we'll trade you real money for fake money.\" And then"}, {"start": "00:39:47", "end": "00:39:54", "text": "you you gave ETH for pulse and you're volunteering pumping this stuff for years. Okay. He's talking about you."}, {"start": "00:39:54", "end": "00:39:59", "text": "That's what they do. And so what's the from the game theory perspective? What"}, {"start": "00:39:59", "end": "00:40:04", "text": "is the ideal profitable behavior for these entities, these ICOs that have"}, {"start": "00:40:04", "end": "00:40:11", "text": "raised shitloads of real money and dumped it? Is it to actually do the work and fulfill on their project or is it to"}, {"start": "00:40:11", "end": "00:40:14", "text": "just launch a new project?"}, {"start": "00:40:17", "end": "00:40:23", "text": "This was before he did his own coins. This was way before he did the the ICO"}, {"start": "00:40:23", "end": "00:40:29", "text": "with pals or sack sacri I have to play it again, man. It's it's"}, {"start": "00:40:29", "end": "00:40:34", "text": "gold. It's gold. They got a bunch of volunteers making their shitcoin. So guys, that's you. That's you. That's"}, {"start": "00:40:34", "end": "00:40:41", "text": "all of the hexagons and pulse. It's you just so we we're not mistaken. It's you. He's speaking about you volunteers. You"}, {"start": "00:40:41", "end": "00:40:46", "text": "you you worth more when they raised multiple billions of dollars."}, {"start": "00:40:46", "end": "00:40:51", "text": "That's him. Okay. Just so we're clear here. I mean maybe I need to explain exactly because otherwise it kind of"}, {"start": "00:40:51", "end": "00:40:57", "text": "gets lost in translation especially with the our audience. So with the audience that that you guys are. So to make it"}, {"start": "00:40:57", "end": "00:41:02", "text": "simpler for you, you are that volunteer and he is the one that raised the millions and billions. Okay. So we're"}, {"start": "00:41:02", "end": "00:41:08", "text": "clear like why does a company that's raised billions of dollars need [ __ ] volunteers for anything?"}, {"start": "00:41:08", "end": "00:41:14", "text": "Exactly what because they can't because people are so stupid. They're like yo we'll trade you real money for fake money and"}, {"start": "00:41:14", "end": "00:41:19", "text": "then that's what they do. And so what's the So guys, real money is if fake money is"}, {"start": "00:41:19", "end": "00:41:25", "text": "spouse. I just want to make it super clear from the game theory perspective. What is the ideal profitable behavior"}, {"start": "00:41:25", "end": "00:41:32", "text": "for these entities, these ICOs that have raised shitloads of real money and dumped it? Is it to actually do the work"}, {"start": "00:41:32", "end": "00:41:39", "text": "and fulfill on their Yeah, I mean you see yourself. Yes, you see yourself. It is. Yeah, man. This is"}, {"start": "00:41:39", "end": "00:41:43", "text": "the update. This is the update."}, {"start": "00:41:58", "end": "00:42:03", "text": "But yeah, listen guys, let's wrap it up. Let's wrap it up. That's it. That's it."}, {"start": "00:42:03", "end": "00:42:08", "text": "The only thing, like the only message, like let's ignore the the chart. Like we we spoke about the chart this whole"}, {"start": "00:42:08", "end": "00:42:15", "text": "show. The main message here, guys, stay in crypto. Stay in crypto. Stay in crypto. Stay in crypto. Uh it's going to"}, {"start": "00:42:15", "end": "00:42:21", "text": "be okay. It's going to be okay. Bare market is opportunity. If we're entering bare, it is good. It is opportunity."}, {"start": "00:42:21", "end": "00:42:27", "text": "Repeat after me. It is opportunity price cheap. It means discount. Okay?"}, {"start": "00:42:27", "end": "00:42:33", "text": "You don't want to buy too early though because you don't want to be buying at the beginning of bare trend. You want to"}, {"start": "00:42:33", "end": "00:42:39", "text": "be buying at the end of bare trend. Okay? So, we're going to be doing that. Uh you need to learn trading for real. I"}, {"start": "00:42:39", "end": "00:42:45", "text": "mean, I keep repeating it, but still many I just, you know, sometimes by reasoning the questions I see that people have not really educated about"}, {"start": "00:42:45", "end": "00:42:50", "text": "the mechanical rules. So, check it out. You know, what if I what if it returns? What if what if what? Listen, if if"}, {"start": "00:42:50", "end": "00:42:57", "text": "you're thinking yourself, what if it pumps again? What if it pumps back? What if we like why now? What if what if what if what if what? What if what if what if"}, {"start": "00:42:57", "end": "00:43:03", "text": "or how much to buy buy with this or buy that? How much to allocate? How much to sell? Do I sell everything? Do I sell a bit? What to do? What to do? What if?"}, {"start": "00:43:03", "end": "00:43:10", "text": "What if? What if? What if? How much? How much? When? When? When? How? How? How? It's I mean, all the answers are there."}, {"start": "00:43:10", "end": "00:43:15", "text": "All the answers are there. All the answers are there. All the standard questions. Should I buy? Should I sell?"}, {"start": "00:43:15", "end": "00:43:21", "text": "How? How? How? What if this or what if that? What if we pump? What if this? What if we dump? What if? What if we go"}, {"start": "00:43:21", "end": "00:43:26", "text": "to alltime high tomorrow? What if? What if? What if? Listen, you're not the first one to ask. Okay, you're not the"}, {"start": "00:43:26", "end": "00:43:33", "text": "first one to ask. It's the standard. Your thinking process is the same like everyone else. So, it's all there."}, {"start": "00:43:33", "end": "00:43:39", "text": "Literally all there, guys. Use the link below for that. Check out the other links for weeks. Spex, Pybit, all that"}, {"start": "00:43:39", "end": "00:43:47", "text": "trading. Have a good day. Goodbye, guys. Goodbye. Goodbye. Goodbye. Big shout out to Dab for Time."}, {"start": "00:43:47", "end": "00:43:53", "text": "See you Monday or actually Monday. Let's see. Monday. Yeah, it may be a tough uh"}, {"start": "00:43:53", "end": "00:43:57", "text": "day to do. Maybe I'll do a short update. Let's see, guys. Let's see."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "is here. I'm here. Let's go. Oh yes. Oh yes. Oh yes. Oh yes. Guys, welcome to another episode. And as you"}, {"start": "00:00:06", "end": "00:00:13", "text": "can see right now, Bitcoin is currently at 103K. It's literally on the edge. That's why we have this title on the"}, {"start": "00:00:13", "end": "00:00:20", "text": "edge. It's edging right on the edge right now. When you look at the 50week moving average, we're bouncing below."}, {"start": "00:00:20", "end": "00:00:27", "text": "We're bouncing above. Below above, below, above. Yesterday, if you look on the daily guys, yesterday we did see it"}, {"start": "00:00:27", "end": "00:00:33", "text": "go all the way down to where to 100.8."}, {"start": "00:00:33", "end": "00:00:41", "text": "Crazy crazy crazy lows for Bitcoin. Today is kind of a bit of a rebound, but all in all, this is a chart which does"}, {"start": "00:00:41", "end": "00:00:47", "text": "look quite weak on the daily and on the weekly. We do have still support of the 50week moving average. And hopefully"}, {"start": "00:00:47", "end": "00:00:53", "text": "this holds and hopefully we repeat something like this. This is the narrative of the bulls that we touch it like here, boop, and then bam to the"}, {"start": "00:00:53", "end": "00:00:59", "text": "upside. Touch it like here, boom, and then bam to the upside. Touch it like uh like we do right now and then continue"}, {"start": "00:00:59", "end": "00:01:05", "text": "up to the upside. Now, there is a lot there's a lot of news about whales selling. I want to touch on that because"}, {"start": "00:01:05", "end": "00:01:11", "text": "also in our bull mania private discord, some people did request me to speak about this topic where if you look"}, {"start": "00:01:11", "end": "00:01:17", "text": "online, you're going to see a lot of different articles. you know, Bitcoin whales selling. Then this is the guy of"}, {"start": "00:01:17", "end": "00:01:23", "text": "that is the founder of one of the biggest uh onchain analytics firms, Cryptocoin. He's also saying that"}, {"start": "00:01:23", "end": "00:01:28", "text": "Bitcoin whales are cashing out billions and billions and billions and billions. And this is one of the key things to"}, {"start": "00:01:28", "end": "00:01:34", "text": "look at right now when you look on chain and literally this guy, he's running Cryptocoin. He's the founder and CEO of"}, {"start": "00:01:34", "end": "00:01:39", "text": "Crypto Quant and all they do is onchain analysis. It's one of the biggest ones"}, {"start": "00:01:39", "end": "00:01:45", "text": "together with Glass Node and a few others. So he's saying Bitcoin wheels have been cashing out billions since"}, {"start": "00:01:45", "end": "00:01:52", "text": "100k but because of micro strategy and ETF inflows this this selling this"}, {"start": "00:01:52", "end": "00:01:58", "text": "cashing out has been cancelled out and that's why we didn't see the bare market start. That's what he's basically"}, {"start": "00:01:58", "end": "00:02:06", "text": "saying. He's saying that if the demand if the demand from micro strategy and ETFs ETFs disappears then the sell"}, {"start": "00:02:06", "end": "00:02:12", "text": "pressure will take over and that will push us further down. Also, you have this long ass articles from this guy,"}, {"start": "00:02:12", "end": "00:02:20", "text": "what's his name? Jordi. Jordi. He's writing a lot. Like you can read here for for hours about this Bitcoin IPO. He"}, {"start": "00:02:20", "end": "00:02:25", "text": "calls it Bitcoin IPO. The fact that the whales are selling and institutions are"}, {"start": "00:02:25", "end": "00:02:31", "text": "stepping in. He actually wrote two articles on it that uh whales are selling, institutions are are stepping"}, {"start": "00:02:31", "end": "00:02:38", "text": "in. And the conclusion the conclusion he gives here if you scroll uh scroll down here is that this is not a bare market"}, {"start": "00:02:38", "end": "00:02:43", "text": "because uh the buyers are stepping in according to him because there's no"}, {"start": "00:02:43", "end": "00:02:49", "text": "panic there's no panic he says remember 2018 exchanges were failing ICOs were revealed as scam this and that in 2020"}, {"start": "00:02:49", "end": "00:02:55", "text": "he says we had global pandemic everything was collapsing right now Bitcoin's fundamentals he says are"}, {"start": "00:02:55", "end": "00:03:00", "text": "arguably the strongest they've ever been and that's by the way true but it's true it's true for all of this I mean ICOs"}, {"start": "00:03:00", "end": "00:03:06", "text": "had nothing to do with Bitcoin. ICOs had nothing to do with Bitcoin and the fundamentals in 2018 were were better"}, {"start": "00:03:06", "end": "00:03:12", "text": "than 2017 or 16 or 15 or 2010. The same thing is with 2020. But anyway, so his"}, {"start": "00:03:12", "end": "00:03:18", "text": "thesis at least is around that fundamentals are arguably the strongest and I agree by the way they're stronger"}, {"start": "00:03:18", "end": "00:03:24", "text": "year by year by year. There's not a single year where they have been weaker. So it's not incorrect what he's saying."}, {"start": "00:03:24", "end": "00:03:29", "text": "Uh when it comes to the fundamentals are strongest. Then he says ETF approval and everything everything everything"}, {"start": "00:03:29", "end": "00:03:36", "text": "happened the institutional adoption is accelerating this and that and he's saying that um basically it's a"}, {"start": "00:03:36", "end": "00:03:43", "text": "redistribution and no bare market will happen and listen maybe he is correct um you can read this this articles"}, {"start": "00:03:43", "end": "00:03:49", "text": "yourselves this one that he has you can just Google George Viser and read but guys practically it's in infotainment"}, {"start": "00:03:49", "end": "00:03:54", "text": "it's entertainment is infotainment you don't trade based on this you don't trade because even what he says you can"}, {"start": "00:03:54", "end": "00:04:00", "text": "you interpret in so many different ways. Apparently like he says that buyers are"}, {"start": "00:04:00", "end": "00:04:05", "text": "stepping in. Okay, buyers are stepping in. This is why we cannot really trade it. Let me see here. Here he's saying"}, {"start": "00:04:05", "end": "00:04:11", "text": "that here this was panic 2018 panic 2020 panic but now but now buyers are"}, {"start": "00:04:11", "end": "00:04:17", "text": "stepping in. He's saying okay um he's saying they're stepping in but not aggressively not emotionally. They're"}, {"start": "00:04:17", "end": "00:04:24", "text": "accumulating patiently waiting for the distribution to complete. I don't see any difference on the chart currently"}, {"start": "00:04:24", "end": "00:04:32", "text": "versus uh let's say 28. I mean here buyers were also stepping in until until they weren't you know buyers stepped in"}, {"start": "00:04:32", "end": "00:04:39", "text": "here buyer stepped in here buyer stepped in here and then boop where is the buyer? I I I don't know how people take"}, {"start": "00:04:39", "end": "00:04:46", "text": "this kind of article and trade with it guys. I I I don't know. I don't know. It is just infotainment. It's another"}, {"start": "00:04:46", "end": "00:04:53", "text": "theory. Another theory. This guy has a theory. This guy has has a theory. All the guys have a theory. Everyone has"}, {"start": "00:04:53", "end": "00:04:59", "text": "another brilliant theory. Oh, it's distribution is IPO. You can look at it in also bearish way the way he says it"}, {"start": "00:04:59", "end": "00:05:06", "text": "IPO. Look at Coinbase IPO when look at when Coinbase IPOed and what happened then and it took like a year to recover."}, {"start": "00:05:06", "end": "00:05:11", "text": "Yes, it did recover but it took like a year. It was a a year down. So this"}, {"start": "00:05:11", "end": "00:05:16", "text": "theory that whales are selling but it's okay because institutions are buying. I don't know how you trade based on that"}, {"start": "00:05:16", "end": "00:05:22", "text": "or position based on that. Also, the fact that institutions are buying, we we're trying to see that in the ETF"}, {"start": "00:05:22", "end": "00:05:28", "text": "inflows. They're buying when prices pump. I mean that you see they bought here on the 11th. We had a bit of a pump"}, {"start": "00:05:28", "end": "00:05:34", "text": "to 106 or something and yesterday was see a dump. So, they they sold again. So, they're buying when prices are"}, {"start": "00:05:34", "end": "00:05:41", "text": "pumping and selling when prices are dumping. There is no clear deviation here when it comes to the ETFs and uh"}, {"start": "00:05:41", "end": "00:05:47", "text": "what the market is doing. The market is down, they sell. The market is up, they buy. So guys, the conclusion again, you"}, {"start": "00:05:47", "end": "00:05:53", "text": "probably know, look at the chart. Ignore the different narratives that this guy thinks has a theory, that guy has a"}, {"start": "00:05:53", "end": "00:06:00", "text": "theory. They to me, they don't make sense from a practical perspective. Of course, it's fun to read. It's fun to see what people are saying to analyze"}, {"start": "00:06:00", "end": "00:06:05", "text": "the market a bit deeper. Maybe it's Bitcoin IPO time silent IPO. From a"}, {"start": "00:06:05", "end": "00:06:11", "text": "trading perspective, making money in this market, it's worthless. Is garbage. It's garbage. From making money in this"}, {"start": "00:06:11", "end": "00:06:18", "text": "market is garbage. How you make money in the market? You look at the chart, you see what's happening on the chart. 50week moving average breaks, man. I"}, {"start": "00:06:18", "end": "00:06:25", "text": "don't care what the IPO narrative is. If 50week moving average breaks, we remove"}, {"start": "00:06:25", "end": "00:06:31", "text": "another 5% from the market. It is what it is. Whether bulls are stepping in,"}, {"start": "00:06:31", "end": "00:06:37", "text": "they're buying carefully, not not emotionally like he's saying, you know, buyers are stepping in just not"}, {"start": "00:06:37", "end": "00:06:43", "text": "aggressively, just not man. If buyers cannot support 50we moving average, I don't care. We're going to be risking"}, {"start": "00:06:43", "end": "00:06:49", "text": "another 5%. Okay, very very important. just not emo like what is do do you guys"}, {"start": "00:06:49", "end": "00:06:55", "text": "trade based on this that buyers are stepping in just not aggressively just not okay man the price needs to go up"}, {"start": "00:06:55", "end": "00:07:01", "text": "that's it if it cannot go go up because they're not aggressive not emotion ah man what is this now I think the only"}, {"start": "00:07:01", "end": "00:07:07", "text": "valuable thing here the only valuable thing here is that long-term he is"}, {"start": "00:07:07", "end": "00:07:13", "text": "correct I mean Bitcoin is going to go to a million bucks long term if the purpose of all of these reports is to say that"}, {"start": "00:07:13", "end": "00:07:20", "text": "listen within 5 years Bitcoin is going to go to a million because it's trans rotation of uh of holders from OG Wales"}, {"start": "00:07:20", "end": "00:07:25", "text": "into institutions then I think this report is fully correct uh but uh the"}, {"start": "00:07:25", "end": "00:07:31", "text": "way I see people using it and I think the guy who asked me in our private discord to cover it I think he wanted to"}, {"start": "00:07:31", "end": "00:07:37", "text": "me to tell him a bit of opium I think he wanted me to tell oh yes yes yes the the whales are selling institutions are"}, {"start": "00:07:37", "end": "00:07:45", "text": "buying Bitcoin IPO we got to it's not like that long-term he is correct long-term yes os are selling it happens"}, {"start": "00:07:45", "end": "00:07:50", "text": "in all cycles Why do we have pump and then consolidation and sometimes consulation"}, {"start": "00:07:50", "end": "00:07:56", "text": "is a year sometimes it's a few quarters it is like exactly like this guy is saying you have holders who have a lot"}, {"start": "00:07:56", "end": "00:08:02", "text": "of profit and they need to rotate into holders who don't have profit and that's when you have distribution that's when"}, {"start": "00:08:02", "end": "00:08:07", "text": "you have the weakening of the bull trend sometimes it leads to bare market but"}, {"start": "00:08:07", "end": "00:08:13", "text": "listen bare market is is just one year and then we go up again so yes long-term he's correct business going to change"}, {"start": "00:08:13", "end": "00:08:20", "text": "hands just like in Coinbase stock look at coin stock. What happened with the IPO? Let's actually bring it up. Um"}, {"start": "00:08:20", "end": "00:08:27", "text": "maybe this article isn't even that the bullish as they expected, but you see yourself when co Coinbase IPOed uh you"}, {"start": "00:08:27", "end": "00:08:34", "text": "see what happened. Boom, boom, boom, boom, boom. Okay, this was the distribution from the private investors, private rounds into the public market"}, {"start": "00:08:34", "end": "00:08:40", "text": "and yes, eventually it went up. So, is this article bullish or bearish? Long-term is bullish what he's writing"}, {"start": "00:08:40", "end": "00:08:46", "text": "here and I agree. Short term people are using it as hoping but okay you see yourself Coinbase IPO what happened I"}, {"start": "00:08:46", "end": "00:08:52", "text": "mean you see yourself Coinbase IPO you want Bitcoin IPO this what happened when Coinbase IPO then he mentioned Amazon"}, {"start": "00:08:52", "end": "00:08:58", "text": "okay Amazon look at Amazon IPO look at the com situation of course long-term he"}, {"start": "00:08:58", "end": "00:09:04", "text": "was correct but look look at the where is the IPO what happened Amazon IPO.com"}, {"start": "00:09:04", "end": "00:09:11", "text": "happened this what happened after the.com okay this what happened so longterm he's correct this is going to go to million bucks here and Now when"}, {"start": "00:09:11", "end": "00:09:18", "text": "people are trading here and now it's infotainment is not usable for trading. Not usable for trading. Repeat after me."}, {"start": "00:09:18", "end": "00:09:24", "text": "Chart is king. Show me the price. Show me the chart. I'll tell you the news. If"}, {"start": "00:09:24", "end": "00:09:30", "text": "it is the case that Bitcoin is breaking the 50week moving average. Okay. We"}, {"start": "00:09:30", "end": "00:09:37", "text": "break 50 moving average. It will be a signal to derisk. No matter what you think about the silent IPO like he's"}, {"start": "00:09:37", "end": "00:09:44", "text": "calling it. This whole idea with Bitcoin changing hands from whales to institutions is called silent IPO. Okay?"}, {"start": "00:09:44", "end": "00:09:49", "text": "And people are trying to make it uh bullish. The long term it is bullish."}, {"start": "00:09:49", "end": "00:09:55", "text": "Shortterm man. If this thing doesn't dump here, it collapses down. It's a signal. It's a signal to be careful."}, {"start": "00:09:55", "end": "00:10:01", "text": "Now, if it starts pumping from here, fantastic. Fantastic. It may still do that. That's why we still have 70% in"}, {"start": "00:10:01", "end": "00:10:07", "text": "the market. That's exactly why we have still 70% in the market. It could happen. It could absolutely happen. But"}, {"start": "00:10:07", "end": "00:10:13", "text": "you see, we're pragmatic. We're practical. I don't want infotainment ruining my portfolio because trust me"}, {"start": "00:10:13", "end": "00:10:20", "text": "when I say that I've done it so many times before. I've done it so many times before that I'm not repeating it. I've"}, {"start": "00:10:20", "end": "00:10:26", "text": "been here since 2013. I've done the mistake when you see weakness on the chart. You start looking looking for"}, {"start": "00:10:26", "end": "00:10:31", "text": "some bullish narrative. Oh, this guy says that is bullish because of this and this and this. Okay, subscribe to this"}, {"start": "00:10:31", "end": "00:10:37", "text": "bullish guy. Unsubscribe from all everyone else. Let me just listen to the bullish guy. We're minus 50%. The"}, {"start": "00:10:37", "end": "00:10:44", "text": "bullish guy is still bullish. We're minus 80%. Bullish guy is still telling us we're bullish. Then he's telling us"}, {"start": "00:10:44", "end": "00:10:51", "text": "we're bearish. And man, that was the actual bottom. The bullish guy became bearish at the what is"}, {"start": "00:10:51", "end": "00:10:56", "text": "I've done so many times, guys. You know, you you see the chart, it's not really looking how you want, but there's always"}, {"start": "00:10:56", "end": "00:11:03", "text": "a bullish guy. There's always a bullish guy with a brilliant idea why it's bullish. And you have to look at the"}, {"start": "00:11:03", "end": "00:11:09", "text": "chart. That's it. That's it, guys. Welcome everyone who is watching live. Big shout out to Guzman who is"}, {"start": "00:11:09", "end": "00:11:14", "text": "timestamping us today. Check out the link below when it when it says get"}, {"start": "00:11:14", "end": "00:11:20", "text": "trained by me because if you are listening to what I'm saying and you want to apply it practically in your"}, {"start": "00:11:20", "end": "00:11:27", "text": "daily trading and actually become profitable and actually start consistently pulling out money from the market so you can live anywhere you"}, {"start": "00:11:27", "end": "00:11:33", "text": "want. It's a fully remote job to trade. You have financial freedom. All of that. Use the link below. Sign up so you learn"}, {"start": "00:11:33", "end": "00:11:38", "text": "for real. You need to learn the mechanical rules otherwise you're going to be reading these articles. U you know"}, {"start": "00:11:38", "end": "00:11:45", "text": "you're going to be spending hours reading because also man such a long article. Okay maybe not that long but but still man you read you read you read"}, {"start": "00:11:45", "end": "00:11:50", "text": "when you just can look at the chart you another article another brilliant article you read you read you read. Now"}, {"start": "00:11:50", "end": "00:11:56", "text": "big shout out to this guy Jordy. I don't want to uh throw shade. I mean he's he's great. He wrote two great articles. They"}, {"start": "00:11:56", "end": "00:12:02", "text": "are correct long term. Actually my critique is not against Jordy. Jordi is great. I mean this articles he's"}, {"start": "00:12:02", "end": "00:12:08", "text": "correct. I mean he's correct but it's not a you know it's it's not some kind of revelation some kind of new thing it"}, {"start": "00:12:08", "end": "00:12:15", "text": "always happens in all markets when you pump a lot old holders sell new holders have to step in otherwise you may have a"}, {"start": "00:12:15", "end": "00:12:21", "text": "bare market and then it may take a bit of time for new holders to show themselves and so there there's nothing"}, {"start": "00:12:21", "end": "00:12:28", "text": "break you know some kind of breakthrough here there's no breakthrough but he's correct like the articles are good the way people are using them the way I've"}, {"start": "00:12:28", "end": "00:12:34", "text": "seen people use them is very bad it is a one-way ticket to Rex City. That that's"}, {"start": "00:12:34", "end": "00:12:40", "text": "that's the way people are using them. Okay, that's that guys. Big big shout out big shout out to everyone watching"}, {"start": "00:12:40", "end": "00:12:47", "text": "live. Smash up the like. Subscribe to the channel if you haven't yet. Let's go to 4K likes. Let me know where you are"}, {"start": "00:12:47", "end": "00:12:55", "text": "tuning in from this fantastic Thursday. Thursday. If you are from New York, get prepared for the caliphate."}, {"start": "00:12:55", "end": "00:13:02", "text": "It's going to start in in January. Let me know if it's correct description or incorrect. Well, let's let's let's"}, {"start": "00:13:02", "end": "00:13:08", "text": "discuss in the in the comment section. I I can't help myself. I can't help"}, {"start": "00:13:08", "end": "00:13:14", "text": "myself. I need to I need to mess around a bit. Yo, Isaac, I see Isaac. Uh Thailand,"}, {"start": "00:13:14", "end": "00:13:20", "text": "welcome, welcome, welcome, welcome. Smash up smash, guys. Using link below, you get nice signup bonus for Bionex"}, {"start": "00:13:20", "end": "00:13:26", "text": "number one. Also a fantastic signup bonus for weeks and bid, all that great stuff. You can go long, you can go short, you can make money when crypto"}, {"start": "00:13:26", "end": "00:13:34", "text": "pumps or dumps in both in both directions. Now uh let's look at the overall u market. So with this Wales,"}, {"start": "00:13:34", "end": "00:13:39", "text": "let's leave it. Let's leave it. But it is true that whales are selling. Okay, it is true that whales are selling. It"}, {"start": "00:13:39", "end": "00:13:44", "text": "is true. It is true that potentially uh institutions are stepping in. Although"}, {"start": "00:13:44", "end": "00:13:51", "text": "when you look at the ETF, I don't think you can count ETF as like they're stepping in and they're buying the the"}, {"start": "00:13:51", "end": "00:13:56", "text": "sell pressure because we have data and over and over again they sell when it's"}, {"start": "00:13:56", "end": "00:14:01", "text": "bearish and they buy when it's bullish. they are just a retail investor with"}, {"start": "00:14:01", "end": "00:14:07", "text": "more money. Okay? Because that's exactly what ETFs are. I mean, they are you pull together retail investors and some"}, {"start": "00:14:07", "end": "00:14:13", "text": "institutional investors also. But you see the inflow, the outflow, when we dump, they sell. When we pump, they buy."}, {"start": "00:14:13", "end": "00:14:18", "text": "Just like your cousin who wants to buy XRP at the top and then he sells it at"}, {"start": "00:14:18", "end": "00:14:25", "text": "the very bottom. Okay. Your cousin ask you about what about XRP right at the top. He buys right at the mania phase"}, {"start": "00:14:25", "end": "00:14:32", "text": "and then he sells right at the bottom. Exactly. That's kind of the ETF. The only difference, guys, has been Micro"}, {"start": "00:14:32", "end": "00:14:39", "text": "Strategy because Micro Strategy as long as long as they've been able to raise money, they've been buying and buying"}, {"start": "00:14:39", "end": "00:14:46", "text": "and buying and buying and buying and buying. The problem they have now is their stock, guys. The Micro Strategy"}, {"start": "00:14:46", "end": "00:14:53", "text": "stock is how they're able to buy. Okay? If the stock is down, it's uh fito for"}, {"start": "00:14:53", "end": "00:14:59", "text": "buying. There is no buying. And it's kind of seen in the last um few weeks where they're buying with like $50"}, {"start": "00:14:59", "end": "00:15:05", "text": "million instead of billions. Before they were buying 2 billion, 2 billion, 5 billion. But you see the stock is"}, {"start": "00:15:05", "end": "00:15:13", "text": "literally a falling knife. It's in a big big bare territory. And so when they don't have the stock pumping, it's uh"}, {"start": "00:15:13", "end": "00:15:18", "text": "it's impossible for them to buy. It's it's very very hard because they cannot raise money. They use the stock to raise"}, {"start": "00:15:18", "end": "00:15:25", "text": "money. Okay. Very very important. Now uh can this change? You can see it on the chart if this will change but it is a"}, {"start": "00:15:25", "end": "00:15:31", "text": "bare market structure now for uh for micro strategy they have taken out these lows right here and you see how you know"}, {"start": "00:15:31", "end": "00:15:37", "text": "it's just lower lower and lower candle it's there's no consolidation just you know bam bam bam bam literally a falling"}, {"start": "00:15:37", "end": "00:15:44", "text": "knife literally a big fat falling big fat falling knife right here with Micro"}, {"start": "00:15:44", "end": "00:15:50", "text": "Strategy so until this reverses they will not be buying it is what it is guys Micro Strategy is offline Micro Strategy"}, {"start": "00:15:50", "end": "00:15:55", "text": "has left the chat until this reverses Can this reverse? It can reverse but for"}, {"start": "00:15:55", "end": "00:16:00", "text": "now it's not reversing. In fact, it is accelerating down. So all in all uh the"}, {"start": "00:16:00", "end": "00:16:07", "text": "institutional demand is not really seen in the ETFs right now at least because we go down and they sell when we go down"}, {"start": "00:16:07", "end": "00:16:13", "text": "and Micro Strategy who is buying regardless whether we go up or down they have issue with the stock price. So keep"}, {"start": "00:16:13", "end": "00:16:20", "text": "an eye on that. If it starts going up it is bullish because it will mean that Micro Strategy will be able to buy"}, {"start": "00:16:20", "end": "00:16:26", "text": "again. Now they cannot buy. I mean even if seller wants he cannot buy. I mean it is what it is. He it's gonna be very"}, {"start": "00:16:26", "end": "00:16:31", "text": "very tough. And u yeah if this continues down it's is is going to put more"}, {"start": "00:16:31", "end": "00:16:37", "text": "pressure. I think now they're at one point uh 1.2 uh nav m nav uh something"}, {"start": "00:16:37", "end": "00:16:43", "text": "like that. So it's very close to their actual bitcoin bitcoin holdings. So it"}, {"start": "00:16:43", "end": "00:16:49", "text": "should theoretically it should b let's say that they're 1.2 mnav. And by the way guys confirm in the comment section"}, {"start": "00:16:49", "end": "00:16:55", "text": "if it is like that. This is the recent number I've heard. So I mean theoretically it means they need to dump"}, {"start": "00:16:55", "end": "00:17:02", "text": "another 20%. Let's see here to be uh at the same value as their Bitcoin"}, {"start": "00:17:02", "end": "00:17:08", "text": "holdings. Um so somewhere at 180 they could b bottom out. They could bottom"}, {"start": "00:17:08", "end": "00:17:16", "text": "out if it is the case that their MNAV now is 1.2 meaning that their company value is 20% higher than the Bitcoin"}, {"start": "00:17:16", "end": "00:17:22", "text": "holdings. And um this is what Wall Street also said the the analysts now not that the analysts are correct but"}, {"start": "00:17:22", "end": "00:17:27", "text": "the analysts are diverting a lot of a lot of uh money into the stocks and"}, {"start": "00:17:27", "end": "00:17:33", "text": "they've also said listen we just look at the bitcoin like bitcoin is the value and everything else is not too much"}, {"start": "00:17:33", "end": "00:17:40", "text": "value but listen analysts I don't want to give them too much weight because they've missed the bitcoin of everything they've missed everything basically but"}, {"start": "00:17:40", "end": "00:17:46", "text": "uh it's still true that if they don't divert uh a lot of money into micro strate"}, {"start": "00:17:46", "end": "00:17:53", "text": "strategy it will be hard to pump longterm they're not correct but it's just shortterm they have the power shortterm to affect the price okay MN"}, {"start": "00:17:53", "end": "00:18:00", "text": "now is below is it below let's see let me ask Grock uh what is what is current"}, {"start": "00:18:00", "end": "00:18:10", "text": "MNAV or let me also see there's a website I used before master let's see strategy uh mnav"}, {"start": "00:18:10", "end": "00:18:15", "text": "they they have a oh yeah here here it's on the website let let's see the current where is it where is it where is it"}, {"start": "00:18:15", "end": "00:18:22", "text": "where is M yeah mnav guys is 1.2 into exactly like I said it's uh 1.19"}, {"start": "00:18:22", "end": "00:18:28", "text": "uh according to their own website 1.19 okay so it is still 20% above the the"}, {"start": "00:18:28", "end": "00:18:32", "text": "bitcoin uh uh value"}, {"start": "00:18:33", "end": "00:18:42", "text": "grog though is saying that it's below one but it's AI so is AI correct is AI look"}, {"start": "00:18:42", "end": "00:18:48", "text": "here grog is actually saying that is it is below one it's a it's a 0 point as of"}, {"start": "00:18:48", "end": "00:18:54", "text": "are you wait I mean I can link it the strategy website are you sure are you"}, {"start": "00:18:54", "end": "00:18:59", "text": "sure I I will link it and then we need to ask"}, {"start": "00:18:59", "end": "00:19:06", "text": "for apology from grock if he is not no not giving us correct"}, {"start": "00:19:06", "end": "00:19:13", "text": "u and what is he saying now he says it's 1.08 08"}, {"start": "00:19:13", "end": "00:19:21", "text": "AI is not is giving us weird stuff here. It gave below now it's above. Listen on their website MSTR MNAV. This is it."}, {"start": "00:19:21", "end": "00:19:28", "text": "This is it. That's it. 1 1.2. The thing is all of this gets"}, {"start": "00:19:28", "end": "00:19:35", "text": "updated updated quite a lot with the Bitcoin price that potentially AI is incorrect."}, {"start": "00:19:35", "end": "00:19:40", "text": "But let's continue in the comment section. What should you guys say? Some guy is saying that it is uh MNAV with"}, {"start": "00:19:40", "end": "00:19:45", "text": "debt and less than one than one for nominal MNAV. Okay, so it's even less if"}, {"start": "00:19:45", "end": "00:19:50", "text": "you look without the debt. Uh let me look into this more with the with the"}, {"start": "00:19:50", "end": "00:19:56", "text": "debt and all of that. But all in all, if the if it is now less if it is now less"}, {"start": "00:19:56", "end": "00:20:02", "text": "than their their Bitcoin holdings that my is now less than Bitcoin holdings,"}, {"start": "00:20:02", "end": "00:20:10", "text": "then it is really bare market territory because it is where there is literally no demand for for Bitcoin securities. It"}, {"start": "00:20:10", "end": "00:20:16", "text": "was similar in 20 uh 22 where grayscale also was at a discount. like a lot of"}, {"start": "00:20:16", "end": "00:20:22", "text": "these grayscale premiums they turned into discounts when the bare market started. So I'm not saying that you know"}, {"start": "00:20:22", "end": "00:20:27", "text": "bare market has started because we need to look at the 50 week we need to look at the money line as always but it's one"}, {"start": "00:20:27", "end": "00:20:36", "text": "of these things where when you have securities and they have their their asset value and then the actual stock is"}, {"start": "00:20:36", "end": "00:20:42", "text": "below it's at a discount like we saw with grayscale in 2022 it is one of the signs but anyway guys let's go to"}, {"start": "00:20:42", "end": "00:20:48", "text": "bullish let's find find something bullish in this market what is bullish well privacy coins are"}, {"start": "00:20:48", "end": "00:20:54", "text": "bullish privacy coins are bullish privacy coins are bullish Listen to this from Balaj."}, {"start": "00:20:54", "end": "00:21:00", "text": "The first eight yearsish of crypto were proving that Bitcoin would work, right?"}, {"start": "00:21:00", "end": "00:21:07", "text": "And then the next eight years were proving that programmability would work, right? Including scalability and so on."}, {"start": "00:21:07", "end": "00:21:13", "text": "Now the next eight years. So like first eight 2009 2017 then Ethereum rose in"}, {"start": "00:21:13", "end": "00:21:22", "text": "2017 2025 programmability now 2025 to 2030 something privacy which"}, {"start": "00:21:22", "end": "00:21:29", "text": "is say taking everything we just did and encrypting it using ZK. So, ZKYC, right?"}, {"start": "00:21:29", "end": "00:21:38", "text": "ZK dexes, ZK smart contracts, minimum necessary information on everything, right? And this may require all kinds of"}, {"start": "00:21:38", "end": "00:21:44", "text": "modifications to the base level. It may require new L1s. It may require entirely new companies. It probably will, right?"}, {"start": "00:21:44", "end": "00:21:51", "text": "And uh and it's highly technical. I would say, you know, ZK is as technical"}, {"start": "00:21:51", "end": "00:21:57", "text": "in its own way as AI, right? Like you can get incredibly deep. I mean, it's a different part of math obviously. you"}, {"start": "00:21:57", "end": "00:22:02", "text": "know, it's cryptography, it's discrete mathematics as opposed to continuous math, you know, of of AI for the most"}, {"start": "00:22:02", "end": "00:22:08", "text": "part. Um, but uh it's um it's it's definitely"}, {"start": "00:22:08", "end": "00:22:14", "text": "something that can absorb a lot of high IQ people and it's important because if"}, {"start": "00:22:14", "end": "00:22:20", "text": "you guys pulen, you're not invited."}, {"start": "00:22:22", "end": "00:22:27", "text": "Listen to what he just said. I I guess I don't think Palshin will fit into this."}, {"start": "00:22:27", "end": "00:22:32", "text": "Listen what he just said. And um it's it's definitely something"}, {"start": "00:22:32", "end": "00:22:38", "text": "that can absorb a lot of high IQ people and it's important because if you nail"}, {"start": "00:22:38", "end": "00:22:45", "text": "ZK then you can replace the entire you know. Exactly. I I see pal guy getting inside"}, {"start": "00:22:45", "end": "00:22:54", "text": "the comment section because of this new sacrifice thing. I don't know if you're invited man. I'm joking."}, {"start": "00:22:56", "end": "00:23:03", "text": "I'm joking. I'm joking because you know the pulse new sacrifices something with this privacy thing."}, {"start": "00:23:04", "end": "00:23:11", "text": "Anyway, uh I I love it from the fundamental perspective also. Obviously have Zcash pumping but the fact that"}, {"start": "00:23:11", "end": "00:23:18", "text": "privacy now privacy now is becoming in um in in such a focus and where even you"}, {"start": "00:23:18", "end": "00:23:28", "text": "have um Winkle Wars let me see Winkle Wars they announced that they're going to do they going to do the uh the Zcash"}, {"start": "00:23:28", "end": "00:23:34", "text": "treasury now it's I mean it's it's a bit tired with this treasury this and that. Let's see. But I I don't want to hype it"}, {"start": "00:23:34", "end": "00:23:40", "text": "up too much because you know it's another one another treasury another this and that. But they now have this"}, {"start": "00:23:40", "end": "00:23:45", "text": "publicist company Cyberpunk Cypher Punk and it is going to be it's going to be"}, {"start": "00:23:45", "end": "00:23:51", "text": "Zcash treasury company. Now I think long-term this is maybe one of the the interesting ones because Zcash is"}, {"start": "00:23:51", "end": "00:23:57", "text": "encrypted Bitcoin. So can it be like the new micro strategy but encrypted Bitcoin? Maybe. Maybe. I mean this one"}, {"start": "00:23:57", "end": "00:24:02", "text": "is quite interesting overall but you know we've seen so many of them and uh they're not doing too well uh this uh"}, {"start": "00:24:02", "end": "00:24:08", "text": "treasury companies. So shortterm probably going to be crazy volatility to the downside and the upside. I mean to"}, {"start": "00:24:08", "end": "00:24:15", "text": "be fair many people bought the stock because of this announcement. They took an existing treasury company and then"}, {"start": "00:24:15", "end": "00:24:21", "text": "they transformed it into this Zcash one. So it pumped a lot but many of these treasury companies they pump on the"}, {"start": "00:24:21", "end": "00:24:28", "text": "announcement then they go down 90%. So be extremely careful. But can it be good for for Zcash long-term with constant"}, {"start": "00:24:28", "end": "00:24:34", "text": "buy pressure? Potentially, yes. And it's just becoming such a big narrative with Zcash. I love it. I love it because you"}, {"start": "00:24:34", "end": "00:24:39", "text": "will have a very fantastic future where you have privacy and it's widely adopted"}, {"start": "00:24:39", "end": "00:24:44", "text": "because now the industry as a whole wants to have privacy. For the longest"}, {"start": "00:24:44", "end": "00:24:49", "text": "time, we stayed clear of privacy coins. Why? Because no one was buying them. I mean, the charts were crap. So, we"}, {"start": "00:24:49", "end": "00:24:55", "text": "looked at whatever is strong on the chart. Now since approximately August"}, {"start": "00:24:55", "end": "00:25:01", "text": "when Zcash turned bullish on the weekly money line and of course did amazingly well and price is marketing. So now"}, {"start": "00:25:01", "end": "00:25:06", "text": "everyone's speaking about uh privacy as well. It's it's a different world. It's a different world and obviously now that"}, {"start": "00:25:06", "end": "00:25:12", "text": "there is price demand for for privacy it's more discussions more everywhere is"}, {"start": "00:25:12", "end": "00:25:17", "text": "everyone's talking about it and it's good it's good for adoption. Price is good for adoption. Exactly. So likely it"}, {"start": "00:25:17", "end": "00:25:25", "text": "will continue uh especially now with all of this uh infrastructures being put in place and also what is interesting is"}, {"start": "00:25:25", "end": "00:25:30", "text": "that using Zcash may be hard with centralized exchanges and that's"}, {"start": "00:25:30", "end": "00:25:35", "text": "actually a good thing because Zcash already has the centralized infrastructure to trade your existing"}, {"start": "00:25:35", "end": "00:25:42", "text": "coins into Zcash. So if you have the Zcash wallet, we have a demo in our Bulmania discord where you you can take"}, {"start": "00:25:42", "end": "00:25:48", "text": "your you know Solana even Bitcoin and then you can just in a decentralized way bridge it to Zcash and put it in a"}, {"start": "00:25:48", "end": "00:25:54", "text": "private shielded address. Amazing. It's amazing. It's amazing. It's amazing. So"}, {"start": "00:25:54", "end": "00:26:00", "text": "the fact that central exchanges don't support this privacy part of Zcash, they"}, {"start": "00:26:00", "end": "00:26:05", "text": "they support the the transparent part and likely they will be forced. I mean,"}, {"start": "00:26:05", "end": "00:26:11", "text": "look at what EU is doing. Look at what the US is doing. Look, look at what the governments are doing. They they likely will be forced to remove Zcash. If the"}, {"start": "00:26:11", "end": "00:26:19", "text": "privacy part of Zcash gets big uh and everyone starts using Zcash privately, Sent will likely have to remove. Okay,"}, {"start": "00:26:19", "end": "00:26:25", "text": "so we have all of the infra already for uh decentralized on boarding and that's"}, {"start": "00:26:25", "end": "00:26:32", "text": "very very good. Fantastic. I love it. Love seeing it guys. Let's go to Q&A questions, answer debates. Let's not"}, {"start": "00:26:32", "end": "00:26:37", "text": "drag on um too much longer with u with the monologue here because I want to"}, {"start": "00:26:37", "end": "00:26:44", "text": "invite you as soon as possible. Uh we looked at the weekly still holding. We looked at all of this IPO this and that."}, {"start": "00:26:44", "end": "00:26:51", "text": "Uh don't worry too much about it. Shortterm this is infotainment. Long-term he's correct. We're going to go to million bucks. OGs are rotating"}, {"start": "00:26:51", "end": "00:26:57", "text": "into institutions. Yes, we're going to go to million bucks long-term. I fully agree. Shortterm is infotainment. It's not helpful. You cannot trade on it."}, {"start": "00:26:57", "end": "00:27:03", "text": "It's basically for trading for trading. So on this note, let's go to questions,"}, {"start": "00:27:03", "end": "00:27:09", "text": "answers, debates, discussions. Uh number one, check out weeks link. Number two,"}, {"start": "00:27:09", "end": "00:27:15", "text": "buy bit, bionex, all of that is below. And and and if you want to learn trading for real, click that get trained by me"}, {"start": "00:27:15", "end": "00:27:21", "text": "link as well. What does Z stand for? I mean, I would imagine stands for the zero knowledge."}, {"start": "00:27:21", "end": "00:27:27", "text": "The fact that it's zero knowledge. Let me check with Grock. Zcash, but it's missing the K. Normally it's a ZK but uh"}, {"start": "00:27:27", "end": "00:27:33", "text": "I would say I would guess zero knowledge but let's let me ask Zcash what does V"}, {"start": "00:27:33", "end": "00:27:38", "text": "stand for ah wait is Gipedia let's go to Grock"}, {"start": "00:27:38", "end": "00:27:45", "text": "Groy Gro right here bam let's go zero it just says zero yeah exactly so"}, {"start": "00:27:45", "end": "00:27:51", "text": "zero kind of the same zero that is in zero knowledge proof exactly"}, {"start": "00:27:58", "end": "00:28:03", "text": "Everyone is bearish so it's bullish or not. No, I mean my you have wrong thinking. You really need that link get"}, {"start": "00:28:03", "end": "00:28:08", "text": "trained by me bullmania because it's not about whether everyone is bearish and therefore you should be bullish or vice"}, {"start": "00:28:08", "end": "00:28:14", "text": "versa. It's all about how you position your portfolio. So in this case we have d-risk 30% between uh 120 and 110. We"}, {"start": "00:28:14", "end": "00:28:21", "text": "still have 70% in the market betting. I mean, we're still betting with 70% that this thing is going to bounce. Okay? And"}, {"start": "00:28:21", "end": "00:28:27", "text": "if it doesn't bounce, we derisk more. That's how you need to think. You don't think, you know, oh, everyone is bearish, so I'm bullish, man. You could"}, {"start": "00:28:27", "end": "00:28:32", "text": "uh It's the same thing with micro strategy. Okay? Everyone is bearish and micro strategy has been kind of bad uh"}, {"start": "00:28:32", "end": "00:28:38", "text": "sentiment for long, but it's also been going down for a long look at pulsion. Everyone is bearish. Well, outside of"}, {"start": "00:28:38", "end": "00:28:45", "text": "the cult, but the whole industry has has really not cared about it for five plus years. And it's been going down for five"}, {"start": "00:28:45", "end": "00:28:51", "text": "plus years. So this this thing with oh everyone is bearish so I must be bullish man. It's"}, {"start": "00:28:51", "end": "00:28:56", "text": "it's a scop. It's a scop. It's noob. You get wrecked. It's one way ticket. One"}, {"start": "00:28:56", "end": "00:29:03", "text": "way ticket to Rex City. Exactly. To Rex City. Yeah. Look at the cash that uh look at look at the chart. Look at the"}, {"start": "00:29:03", "end": "00:29:12", "text": "chart. Look at the chart. I mean also look at your cash. If you keep uh losing cash for a reason for a reason."}, {"start": "00:29:14", "end": "00:29:20", "text": "One way ticket. One way ticket. Damn. Cash is king."}, {"start": "00:29:20", "end": "00:29:25", "text": "Well, in bare market is correct. It's correct."}, {"start": "00:29:25", "end": "00:29:31", "text": "One way ticket. Let's see. Gold and silver. People saying gold and silver. That's why we have commodities here. Let"}, {"start": "00:29:31", "end": "00:29:38", "text": "me let me quickly see here. So on the daily, gold is bullish since one day ago. Silver bullish since three"}, {"start": "00:29:38", "end": "00:29:44", "text": "days ago. Paladium still bearish. Oil bullish. Uh let's see what flipped. Yeah. in the last like one one week to"}, {"start": "00:29:44", "end": "00:29:50", "text": "bullish. Um here you have gold, silver, uh let's remove bearish lean hog, man."}, {"start": "00:29:50", "end": "00:29:58", "text": "Lin hog. You love lean hog. Uh bullish coffee bullish. There you go."}, {"start": "00:29:58", "end": "00:30:04", "text": "Let's check the chart. By the way, if you want to get access to the money scanner to see what flip"}, {"start": "00:30:04", "end": "00:30:10", "text": "bullish on commodities, on stocks, on crypto, on any asset, then also click the link get trained by me because first you have to get trained, then we give"}, {"start": "00:30:10", "end": "00:30:15", "text": "you the tool. If you're not trained, you don't know what the hell you're doing is this tool. You cannot use it. You don't"}, {"start": "00:30:15", "end": "00:30:21", "text": "know how to use it. Bam. There you go. Gold back up. Fantastic. Fantastic."}, {"start": "00:30:21", "end": "00:30:27", "text": "Fantastic. Fantastic. Yeah. On on daily bullish. Fantastic."}, {"start": "00:30:27", "end": "00:30:34", "text": "So, let's see the the silver. The silver. What we have on silver? Bam. Also bullish. Bam."}, {"start": "00:30:34", "end": "00:30:40", "text": "And let's see the coffee. We're drinking coffee. What's happening to the coffee price? A man a bit up and down this bull"}, {"start": "00:30:40", "end": "00:30:45", "text": "trend not too strong. Let's see lean hog. What happened to Linhog?"}, {"start": "00:30:45", "end": "00:30:53", "text": "Linhog also a bit. What have we been drawing here? I don't remember. What is this? What is this drawing?"}, {"start": "00:30:53", "end": "00:31:00", "text": "Oh yeah, it's a flip bearish there. Exactly. So, guys, seeing everyone is everyone is"}, {"start": "00:31:00", "end": "00:31:05", "text": "bearish on lean hog, so I must be bullish. It's not correct. It's not correct."}, {"start": "00:31:05", "end": "00:31:11", "text": "It's bearish. Look at the weekly. It's bearish for a reason. He's bearish for a reason. So guys, daily it's a bit"}, {"start": "00:31:11", "end": "00:31:18", "text": "bullish now temporarily, but yeah, long term it it looks it looks quite bearish, but the Linhog maybe it can uh flip"}, {"start": "00:31:18", "end": "00:31:24", "text": "bullish on the weekly, but yeah, that's that. Now it's bearish on the weekly"}, {"start": "00:31:24", "end": "00:31:28", "text": "one way to get"}, {"start": "00:31:36", "end": "00:31:42", "text": "gold pump. Yes. Yes. Um, so we should loan gold and silver. Well,"}, {"start": "00:31:42", "end": "00:31:47", "text": "you should deploy a strategy on gold silver. If you want to trade it, uh, you need to use the mechanical rules. Uh,"}, {"start": "00:31:47", "end": "00:31:52", "text": "when something flips, uh, bullish, you need to consider your position size,"}, {"start": "00:31:52", "end": "00:31:58", "text": "your risk, set stop loss, and then you can take a bet. So, now that gold is turning bullish, it's possible. It's"}, {"start": "00:31:58", "end": "00:32:05", "text": "possible to run, especially the short-term strategy, it's possible to run. But if you don't know mechanical rules, then you cannot use it. Then"}, {"start": "00:32:05", "end": "00:32:11", "text": "you're wondering, should I buy? Should I go all in? What should I do? You should learn the mechanical rules. Click the link below. Get trained by me."}, {"start": "00:32:11", "end": "00:32:16", "text": "Bullmaying.com. Learn the mechanical rules first because then you don't have this question. You know, oh, is bull should I go? What should should I buy?"}, {"start": "00:32:16", "end": "00:32:22", "text": "Should how much to buy? To buy with this amount or with that amount? Where to put stop"}, {"start": "00:32:22", "end": "00:32:28", "text": "loss? Here or here? Like it's all the standard questions is all answered there. It is. I mean, that's why we say it's mechanical rules because they"}, {"start": "00:32:28", "end": "00:32:34", "text": "explain all of that. And on the weekly, gold actually never went into bare bare territory. It was just a small breathing"}, {"start": "00:32:34", "end": "00:32:40", "text": "here, bum bum, and then boom to the upside. Very very very nice."}, {"start": "00:32:42", "end": "00:32:48", "text": "Yo, Cryptogeia, I don't know that coin. I don't know that coin. You mean Doge or this? Uh, I don't want to say it out"}, {"start": "00:32:48", "end": "00:32:54", "text": "loud either because I I don't want to give I want to give attention to some small one. I don't know. But I don't"}, {"start": "00:32:54", "end": "00:33:00", "text": "know. Tanzo alive or Besslan is quite weak. It's quite weak on the weekly. You"}, {"start": "00:33:00", "end": "00:33:08", "text": "see here bam bam bam bam turn into bare trend. Also weak on the on the metric. So we stay clear for now uh if it turns"}, {"start": "00:33:08", "end": "00:33:15", "text": "bullish again or if it I mean at least regain the metrics here when it comes to I mean"}, {"start": "00:33:15", "end": "00:33:22", "text": "keychain metrics how much in fees can it capture which I mean fee it's kind of a"}, {"start": "00:33:22", "end": "00:33:27", "text": "proxy to real economic activity that something has has been happening okay uh"}, {"start": "00:33:27", "end": "00:33:33", "text": "it doesn't mean like low fee chains can be number one here was number one for the longest time here uh although it has"}, {"start": "00:33:33", "end": "00:33:39", "text": "very low fee but so it it just means how much is happening like what is the economic activity bum bum bum bum how"}, {"start": "00:33:39", "end": "00:33:44", "text": "many how much are people trading so it's still not number one or even two um so"}, {"start": "00:33:44", "end": "00:33:51", "text": "yeah a lot of these things they and yeah bridged it needs to be one or two I I would say"}, {"start": "00:33:51", "end": "00:33:56", "text": "it's okay if it's below hyperl but now it's below edge x and tronh what is this"}, {"start": "00:33:56", "end": "00:34:03", "text": "so uh for now it's also bearish on the on the weekly and uh as you know we have"}, {"start": "00:34:03", "end": "00:34:08", "text": "little patience for that like if is bearish on the weekly. What is this? We We need things that are bullish. Things"}, {"start": "00:34:08", "end": "00:34:16", "text": "things that are bullish. We're we're we're trading. We're not dating. This is a big misconception people have. We're trading. We're not The only dating is um"}, {"start": "00:34:16", "end": "00:34:22", "text": "is Bitcoin. There I have a long-term huddle portfolio throughout the cycles. The other day, some guy said, \"Oh, Ian,"}, {"start": "00:34:22", "end": "00:34:27", "text": "you don't have conviction.\" Then listen, the only conviction is Bitcoin. Look at Bitcoin chart and then look at your"}, {"start": "00:34:27", "end": "00:34:33", "text": "altcoin versus Bitcoin. You're going to see something very interesting. It goes to zero versus Bitcoin. Look at most altcoin charts versus Bitcoin. They all"}, {"start": "00:34:33", "end": "00:34:39", "text": "go to zero versus Bitcoin long term. So all coins, it is a short-term uh trade within the bull market. For example,"}, {"start": "00:34:39", "end": "00:34:46", "text": "Solana went from was like $8 to $260 to you know when Trump was doing when Trump"}, {"start": "00:34:46", "end": "00:34:53", "text": "was doing the coin, it went to $300. So that was the trade to outperform Bitcoin. That was that was Sana, you"}, {"start": "00:34:53", "end": "00:34:58", "text": "know, at the at the at the peak. Then uh it had a lot of chance to to go even"}, {"start": "00:34:58", "end": "00:35:05", "text": "above that. But I mean, as we've seen, it hasn't really been able to do that. Um it hasn't no it has so many chances."}, {"start": "00:35:05", "end": "00:35:11", "text": "Could have done it here. Yeah. So now it's also bearish on the weekly and we're late in the four cycle. So just on"}, {"start": "00:35:11", "end": "00:35:16", "text": "the scale of probabilities I would rather have Bitcoin and uh and focus on that and focus on Bitcoin that Bitcoin"}, {"start": "00:35:16", "end": "00:35:22", "text": "is still above 50 moving average. I don't want my my brain to be scattered around like 500 different coins. So"}, {"start": "00:35:22", "end": "00:35:28", "text": "that's very important. Uh when it comes to conviction, listen, don't get it don't get it wrong. We have conviction"}, {"start": "00:35:28", "end": "00:35:33", "text": "until the the the trend changes. And also looking at the for cycle when for"}, {"start": "00:35:33", "end": "00:35:40", "text": "cycle is ending it is ending then uh we can still speculate a bit maybe four cycle will not be like it always has"}, {"start": "00:35:40", "end": "00:35:47", "text": "been maybe we will not have a bare market so we do it only with bitcoin that's why our main focus now is bitcoin"}, {"start": "00:35:47", "end": "00:35:55", "text": "the [ __ ] forget them for now uh is bitcoin bitcoin bitcoin will bitcoin hold 50 week or no will we pump or no"}, {"start": "00:35:55", "end": "00:36:02", "text": "because if we cannot manage the bitcoin position it's going to be the biggest loss uh ever Okay, we Bitcoin we've been"}, {"start": "00:36:02", "end": "00:36:09", "text": "writing since 2023. The the main mission now is to not fumble it. Okay."}, {"start": "00:36:14", "end": "00:36:21", "text": "I mean, have you integrated the money line on the palan one second chart? So, while you could use it on pal fun"}, {"start": "00:36:21", "end": "00:36:28", "text": "theoretically, it's just uh it's not it's not correct usage of the money line. Why? Because on pump fun it's not"}, {"start": "00:36:28", "end": "00:36:33", "text": "really based on uh mass emotion. So money line works because it is uh"}, {"start": "00:36:33", "end": "00:36:38", "text": "looking at mass emotion which is the price chart and then it can give you a trend. Our mass is now bullish or"}, {"start": "00:36:38", "end": "00:36:45", "text": "bearish because when masses are starting to be bullish they can be bullish for years just like when you look at Bitcoin. When masses became bullish in"}, {"start": "00:36:45", "end": "00:36:50", "text": "2023 they became bullish and they stayed bullish for years and years and years. I mean they're still bullish when you look"}, {"start": "00:36:50", "end": "00:36:57", "text": "at the money line as you know our our flip is at 96. When you have pump fun, it is one guy pumping his own coin and"}, {"start": "00:36:57", "end": "00:37:03", "text": "his friends. So, it's it's all manipulated. Okay? The only way it works is in case the"}, {"start": "00:37:03", "end": "00:37:10", "text": "coin becomes a bit bigger. Maybe it goes above 10 million or 20. So, you need some kind of mass participation and"}, {"start": "00:37:10", "end": "00:37:16", "text": "that's also what we teach in the Bulmania. So, yeah, sign up for this link below. Bulman.com using below. It's"}, {"start": "00:37:16", "end": "00:37:21", "text": "free training how mechanical rules work. So, do that."}, {"start": "00:37:22", "end": "00:37:28", "text": "Yo, Ivan, what's up? I'm never awake. Okay, now you're awake. Great, great, great. Welcome, welcome. The ETFs have"}, {"start": "00:37:28", "end": "00:37:34", "text": "been doing well, but price keeps dropping. Yeah, because someone is selling. I mean, the ETFs are buying, someone selling. So, that's why also"}, {"start": "00:37:34", "end": "00:37:41", "text": "this ETF stuff, you need the price to perform. Uh, if ETFs come, price doesn't perform, then ETF news becomes kind of"}, {"start": "00:37:41", "end": "00:37:48", "text": "infotainment also. Everything that does not affect the price is infotainment. That's why we mainly look at the price."}, {"start": "00:37:48", "end": "00:37:54", "text": "Everything else is infotainment. Okay. Uh ETFs com ETF com they should have been pumping. That's what people have"}, {"start": "00:37:54", "end": "00:38:00", "text": "been expecting. They don't pump. That's a signal. I mean that's a signal there. There are too many people selling. Someone is selling. Someone is dumping."}, {"start": "00:38:00", "end": "00:38:05", "text": "Someone is pressing the red sell button. Okay. No matter the news, still more"}, {"start": "00:38:05", "end": "00:38:11", "text": "people click the red sell button. And that's the signal. News is not signal. Reaction to the news is signal. Tattoo"}, {"start": "00:38:11", "end": "00:38:17", "text": "it on your forehead so you don't forget. News is not the signal. Reaction to the news is the signal. And that's what you"}, {"start": "00:38:17", "end": "00:38:23", "text": "see on the chart. Okay, please please remember man please remember news not"}, {"start": "00:38:23", "end": "00:38:28", "text": "signal reaction is the signal. So Ibu Salana ATF okay should have been"}, {"start": "00:38:28", "end": "00:38:35", "text": "bullish in bull market probably it would would be insane in the early bull market probably would be insanely bullish but"}, {"start": "00:38:35", "end": "00:38:40", "text": "at this point because Sana went from 8 to 300 and then yeah now it is 170 150"}, {"start": "00:38:40", "end": "00:38:46", "text": "what it is uh too many people click the sell button okay they click too much so"}, {"start": "00:38:46", "end": "00:38:52", "text": "whatever influenc has it doesn't offset the cell button clicking"}, {"start": "00:38:52", "end": "00:38:58", "text": "how is your seeker phone do I have not been using it not at uh uh again because some scammer I mean"}, {"start": "00:38:58", "end": "00:39:04", "text": "I have it here I have it here it's collecting dust maybe I'm going to use it as uh you know if my table is wobbly"}, {"start": "00:39:04", "end": "00:39:09", "text": "maybe I'm going to put it so it stop wobbling guys I mean number one is working on"}, {"start": "00:39:09", "end": "00:39:15", "text": "builtin but also they have an issue with this domain names where I cannot have my name because some scammer took my ivan"}, {"start": "00:39:15", "end": "00:39:21", "text": "on tech seeker or what the hell the domain name is so yeah it's it's fugazi"}, {"start": "00:39:21", "end": "00:39:27", "text": "it's fugazi it's a wuzi it's a wise okay and they reached out to the Sana phone guy. He did not reply. I told him, \"Can"}, {"start": "00:39:27", "end": "00:39:32", "text": "I get my name, please? Please, sir, because a scammer has my name. Uh, he"}, {"start": "00:39:32", "end": "00:39:38", "text": "didn't reply. So, what should I do? I cannot uh I mean, I cannot use it because my name is taken by someone"}, {"start": "00:39:38", "end": "00:39:45", "text": "else. So, some scammer.\" And uh yeah, so let's wait for a new phone. Maybe the new phone is called something else, not"}, {"start": "00:39:45", "end": "00:39:50", "text": "Seeker. And uh then I can be faster at guessing the domain name. So, yeah, it's"}, {"start": "00:39:50", "end": "00:39:56", "text": "it's kind of I want to say it's fail because I mean it it does everything it it's supposed to. It has the wallet. It"}, {"start": "00:39:56", "end": "00:40:02", "text": "has everything. What has failed is the uh is the secret season. I would say that has failed because all of the air"}, {"start": "00:40:02", "end": "00:40:08", "text": "drops, where are they? Are they in this room with us? They're not here. So, yeah. All in all, uh yeah, it doesn't"}, {"start": "00:40:08", "end": "00:40:13", "text": "even turn on. Why? Because there's no battery because I don't use it. I use it only for"}, {"start": "00:40:13", "end": "00:40:18", "text": "I don't even have a wobbly table, man. But if I have, it's going to be right there. Boop. Boop. With it Gorilla"}, {"start": "00:40:18", "end": "00:40:24", "text": "Glass. Is Gorilla Glass or what glass is it? Gorilla Glass. Snapdragon processor."}, {"start": "00:40:24", "end": "00:40:31", "text": "Listen, maybe it's going to change. It's going to change with if bull market continues."}, {"start": "00:40:31", "end": "00:40:37", "text": "Maybe the So, I only have it in case they do aird drops. Okay, in case they do air drops, I have it here. Bum, bum,"}, {"start": "00:40:37", "end": "00:40:44", "text": "bum, bum, bum. We're going to be claiming like a maniac. For now, there are no air drops. Some scammer took my name. This thing doesn't turn on because"}, {"start": "00:40:44", "end": "00:40:49", "text": "I didn't charge it. Oh, here."}, {"start": "00:41:01", "end": "00:41:06", "text": "Exactly. We need another bonk. With the original phone, you got bonk with a saga phone. But this one, I don't know what"}, {"start": "00:41:06", "end": "00:41:12", "text": "you got. You got some fitness app. I tried the fitness app. The the first ever promotion they had on this Lana"}, {"start": "00:41:12", "end": "00:41:19", "text": "phone was some kind of fitness app. Man, it it it sucked. Sorry for the French, but it was very bad. It's the UI was"}, {"start": "00:41:19", "end": "00:41:25", "text": "bad. Uh the coin, I don't no logging in. You need email to login or something. I don't remember now. I think you could"}, {"start": "00:41:25", "end": "00:41:31", "text": "log in without the email, but that was kind of the the main thing. Login with email. Then somewhere it was wallet. It"}, {"start": "00:41:31", "end": "00:41:37", "text": "should be automatically logged in. Yeah, I use the phone. The phone is the the thing the wallet is there. It should be,"}, {"start": "00:41:37", "end": "00:41:42", "text": "you know, welcome Sana phone user. That that's the experience I wanted. I open"}, {"start": "00:41:42", "end": "00:41:48", "text": "up an app. It says I'm Solana phone user. It says welcome. Great Sana phone"}, {"start": "00:41:48", "end": "00:41:55", "text": "user. This app is optimized for your phone. This app is optimized for Solana phone. So just click this button and"}, {"start": "00:41:55", "end": "00:42:02", "text": "you're logged in. But no no I had to scroll past the email login somewhere. It was login with wallet. Then it kind"}, {"start": "00:42:02", "end": "00:42:07", "text": "of recognized I'm Salana phone user. No. What is this? It should be fully optimized. They should they should have"}, {"start": "00:42:07", "end": "00:42:12", "text": "welcomed the greatest Sana phone user. You bought the phone"}, {"start": "00:42:12", "end": "00:42:19", "text": "like a freaking dum dum. Welcome. At least now you have this"}, {"start": "00:42:19", "end": "00:42:25", "text": "login flow which is one click and it feels amazing. It feels smooth,"}, {"start": "00:42:25", "end": "00:42:32", "text": "but nothing is optimized for the phone. That's a problem. Nothing not none of them are optimized for the phone. And"}, {"start": "00:42:32", "end": "00:42:38", "text": "low effort like the the fitness app they had in the beginning was some website wrapped as an app or something. It was"}, {"start": "00:42:38", "end": "00:42:43", "text": "it wasn't this no native. Where is the native? We bought the phone. We want"}, {"start": "00:42:43", "end": "00:42:50", "text": "native. If I want a website, I go to the web, man. Needs to be native. Where are the native feeling? Where is the liquid"}, {"start": "00:42:50", "end": "00:42:57", "text": "glass like on iPhone? Where is it? No, there is no liquid glass. Exactly."}, {"start": "00:42:58", "end": "00:43:05", "text": "So, yeah, that's a that's a short summary of the secret phone, guys. But yeah, big shout out probably is going to be good."}, {"start": "00:43:05", "end": "00:43:11", "text": "Has a Sana logo. Man, as soon as Sana pumps, I will be super bullish on the phone. Just Sena"}, {"start": "00:43:11", "end": "00:43:17", "text": "doesn't pump. So the sentiment about the phone is like that also."}, {"start": "00:43:17", "end": "00:43:24", "text": "Man, if goes to 500 bucks, this phone I will be praising it. Going to be my most favorite phone. If goes to But you see"}, {"start": "00:43:24", "end": "00:43:28", "text": "it's in a B trend now."}, {"start": "00:43:36", "end": "00:43:43", "text": "No. Hi Evan. Since my line turns bearish for most also and weekly, did you enter any"}, {"start": "00:43:43", "end": "00:43:49", "text": "shorts? No. No. Now my focus is Bitcoin guys. I just Bitcoin and uh the al I'm not going to short them for the sake of"}, {"start": "00:43:49", "end": "00:43:54", "text": "it. My focus is Bitcoin, Bitcoin, Bitcoin, Bitcoin. If they turn bearish, we do the exit procedure in the"}, {"start": "00:43:54", "end": "00:44:00", "text": "mechanical rules into into Bitcoin and that's it. Uh that that's it. That's it. And then we look at Bitcoin. Once"}, {"start": "00:44:00", "end": "00:44:05", "text": "Bitcoin goes bearish into a bare trend then situation will be different because then at least we know what Bitcoin wants"}, {"start": "00:44:05", "end": "00:44:12", "text": "to do. At least we have some kind of outcome on Bitcoin then we have more brain capacity to do other stuff like"}, {"start": "00:44:12", "end": "00:44:17", "text": "don't do too much stuff. That's that's another important lesson in the what we teach here if you click the link below"}, {"start": "00:44:17", "end": "00:44:24", "text": "with the mechanical rules because uh your brain can only handle so much. Uh"}, {"start": "00:44:24", "end": "00:44:31", "text": "if you're new, just have maybe one or two assets you trade, then expand it maybe to 10, maximum 10. And then if you"}, {"start": "00:44:31", "end": "00:44:36", "text": "also going to run after everything else, you cannot even get the basics working"}, {"start": "00:44:36", "end": "00:44:42", "text": "on a few. So keep it to to max 10 assets. Sometimes people have like a million assets. It's it's too much"}, {"start": "00:44:42", "end": "00:44:49", "text": "money. It's too much. And especially now if you're going to short this long, keep it simple. Keep it simple. The main thing now is BTC. What else happening to"}, {"start": "00:44:49", "end": "00:44:52", "text": "it?"}, {"start": "00:45:06", "end": "00:45:12", "text": "Yo yo lucky Luke opinion on defi high worth insurance"}, {"start": "00:45:12", "end": "00:45:18", "text": "policies. Uh I have no opinion. How would it work with oracle or something?"}, {"start": "00:45:18", "end": "00:45:23", "text": "You mean some kind of oracle, right? Or is it going to be insurance only like in the DeFi or it's going to be you're"}, {"start": "00:45:23", "end": "00:45:29", "text": "going to be insured against your leverage degenerative?"}, {"start": "00:45:31", "end": "00:45:37", "text": "Let me know. But yeah, uh maybe it's interesting."}, {"start": "00:45:37", "end": "00:45:43", "text": "But why do you do it? Is it because you think the coin is going to pump or you want to be an entrepreneur?"}, {"start": "00:45:43", "end": "00:45:50", "text": "Because if if you want to the coin to pump, you keep it simple, man. It sounds complex. You're going to have some insurance."}, {"start": "00:45:50", "end": "00:45:56", "text": "If you want the coin to pump there, there are simpler things. If you want to change the world, you are entrepreneur."}, {"start": "00:45:56", "end": "00:46:02", "text": "You're world move, you know, mountain mover. You're moving mountains. You're changing the world. Okay. But then have"}, {"start": "00:46:02", "end": "00:46:08", "text": "that mindset. It's going to be to make a nice product to to be an entrepreneur. It's is different from making a coin"}, {"start": "00:46:08", "end": "00:46:14", "text": "pump and becoming rich. It's actually a bit different. You can of course do both like you change and maybe you know you have a"}, {"start": "00:46:14", "end": "00:46:19", "text": "coin that is okay. But um if you want a coin, you want to become rich, it's"}, {"start": "00:46:19", "end": "00:46:26", "text": "there are simpler ways to do it than you know this insurance onchain disrupting insurance market."}, {"start": "00:46:26", "end": "00:46:31", "text": "It's uh yeah uh you can do a coin where people stake it so they get more coins."}, {"start": "00:46:31", "end": "00:46:37", "text": "That's it. It's called X. And then you can BS how revolutionary it"}, {"start": "00:46:37", "end": "00:46:43", "text": "is. It's all about the framing, man. You can just do a coin where they stake it. They"}, {"start": "00:46:43", "end": "00:46:49", "text": "get more of the same freaking coin and then you say, \"Oh, it's revolutionary. It's revolutionary because it's the"}, {"start": "00:46:49", "end": "00:46:55", "text": "first credit on chain.\" Dude, why you make it so complex?"}, {"start": "00:46:55", "end": "00:47:03", "text": "Literally the the bro what he did? The bro did you stake coin, you get more of the freaking same coin."}, {"start": "00:47:05", "end": "00:47:10", "text": "Got billionaire from just that. Why you make it so complex? Because the"}, {"start": "00:47:10", "end": "00:47:13", "text": "insurance"}, {"start": "00:47:18", "end": "00:47:26", "text": "But you don't need you don't need insurance on Shane. Keep it simple, man. Then he copies like"}, {"start": "00:47:26", "end": "00:47:31", "text": "Bino Shane. He has another tax sacrifice."}, {"start": "00:47:32", "end": "00:47:38", "text": "Listen, that's it. Smash up the like, subscribe to the channel. Check out the link below for trading. Very important."}, {"start": "00:47:38", "end": "00:47:45", "text": "Like if you actually want to make uh make uh make it in this industry and uh and have uh trading trading crypto as"}, {"start": "00:47:45", "end": "00:47:52", "text": "your full-time job which is very possible for everyone using glove wigs by bit pionex all the bonuses below."}, {"start": "00:47:52", "end": "00:47:58", "text": "Have a good day. Big shout out to Guzman for time stamping us today. Enjoy your Thursday. We're going to be back when"}, {"start": "00:47:58", "end": "00:48:03", "text": "Friday which is tomorrow. Smash on the like and goodbye guys. Goodbye. Goodbye. Bar."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Oh yes. Oh yes. Oh yes. Yes. Guys, welcome to another episode. And as you can see right now, we do have Bitcoin at"}, {"start": "00:00:08", "end": "00:00:13", "text": "104. We said yesterday we need Bitcoin to freaking pump as soon as possible."}, {"start": "00:00:13", "end": "00:00:19", "text": "Given the news with helicopter money from Trump, given the news that the US government is opening up again, the"}, {"start": "00:00:19", "end": "00:00:24", "text": "shutdown is over. What did Bitcoin do? Another big fat red candle. Now, yes, we"}, {"start": "00:00:24", "end": "00:00:30", "text": "are indeed in a bullish trend on the daily, but the bullish trend it's so weak, man. It's uh you you see yourself."}, {"start": "00:00:30", "end": "00:00:36", "text": "So all in all what we are risking now guys is a continuation of this down a"}, {"start": "00:00:36", "end": "00:00:43", "text": "bit of up down a bit of up and the next step if we continue like this will be us"}, {"start": "00:00:43", "end": "00:00:49", "text": "moving below the 50week moving average. We really have to hold it for now. For"}, {"start": "00:00:49", "end": "00:00:57", "text": "now we're holding it for now. We're bouncing around uh at the 50week moving average. For now, this is working as"}, {"start": "00:00:57", "end": "00:01:02", "text": "support, but bulls really, really, really have to step step in here as soon"}, {"start": "00:01:02", "end": "00:01:07", "text": "as soon as soon as possible. So, all in all, as you know, our plan is to remove"}, {"start": "00:01:07", "end": "00:01:14", "text": "another 5% from the market in case we close below this 50WE moving average. We"}, {"start": "00:01:14", "end": "00:01:21", "text": "did remove 30% between October 8th and 110K. So, the average is between 120 and"}, {"start": "00:01:21", "end": "00:01:28", "text": "110. If we go below 52 moving average, we're going to remove another another. Okay, this is very important to"}, {"start": "00:01:28", "end": "00:01:34", "text": "understand because e even if and this is the key. Even if we have a bounce from"}, {"start": "00:01:34", "end": "00:01:40", "text": "the 50 week, it needs to be violent, guys. Like it needs to be like this. See, it needs to be like this. We we need to see like this. We need to see"}, {"start": "00:01:40", "end": "00:01:46", "text": "like this. We need to see like this. You know, you bounce and bam, big big nice weekly candles that are moving to the"}, {"start": "00:01:46", "end": "00:01:52", "text": "upside violently and creating a new uptrend. We need to see this. So all in"}, {"start": "00:01:52", "end": "00:01:57", "text": "all the plan the plan for now is exactly the same like it was uh since October"}, {"start": "00:01:57", "end": "00:02:03", "text": "8th when we saw the fake alltime high when we saw the weakness on the chart when we warned everyone to remove"}, {"start": "00:02:03", "end": "00:02:08", "text": "leverage to be super careful and then by the way after that we did see the liquidation week. The liquidation week"}, {"start": "00:02:08", "end": "00:02:13", "text": "was all the way here to basically where we are now. I mean you see now it was basically where we are now. This was"}, {"start": "00:02:13", "end": "00:02:20", "text": "crazy week from basically in a day we went from 120 to 103 to 100 basically."}, {"start": "00:02:20", "end": "00:02:26", "text": "Now we're at 100 again. So almost below the liquidation week and of course no"}, {"start": "00:02:26", "end": "00:02:33", "text": "Vshaped happen. This is what we discuss on this channel. Same no V shape happen. U instead we kind of show more weakness"}, {"start": "00:02:33", "end": "00:02:38", "text": "and the slow bleed is not something we want to see. I mean guys I've been here since 2013. I I've been in many"}, {"start": "00:02:38", "end": "00:02:46", "text": "different situations and slow bleed I hate the slow bleed. The slow bleed is the one market dynamic where it kind of"}, {"start": "00:02:46", "end": "00:02:53", "text": "cooks your brain. cooks your brain where you get used to new price levels. For example, now people are used to 105, 103"}, {"start": "00:02:53", "end": "00:03:00", "text": "kind of being good because they saw 99, okay, and 98. And now we're back to 104."}, {"start": "00:03:00", "end": "00:03:05", "text": "So your brain is slowly cooked. You get used to bad numbers and somehow you feel"}, {"start": "00:03:05", "end": "00:03:11", "text": "that they're good now. But as a reminder, we're now at the same level where we dipped here in the liquidation"}, {"start": "00:03:11", "end": "00:03:16", "text": "week and now most people are ah it's good. It's good. What are you speaking about? There is a big weakness on the"}, {"start": "00:03:16", "end": "00:03:22", "text": "charts. We cannot look past that. Can bulls still come in, still show strength? They still can because we're"}, {"start": "00:03:22", "end": "00:03:29", "text": "above 50 moving average. That's why we still have 70% in the market but with the risk 30%. Meaning that in case"}, {"start": "00:03:29", "end": "00:03:36", "text": "weakness continues, in case the weakness goes down, uh the chart goes down, weakness continues, we will be in full"}, {"start": "00:03:36", "end": "00:03:42", "text": "control and we will the risk even more. So I want to be very plain with you here guys because many people are confused."}, {"start": "00:03:42", "end": "00:03:47", "text": "they're confused and also the amount of wreckage right now is quite big because"}, {"start": "00:03:47", "end": "00:03:53", "text": "a lot of people trade without stop-loss without mechanical rules and a big big big"}, {"start": "00:03:53", "end": "00:03:58", "text": "part of this cycle has been the wreckage of the pulse guys and I mean at this"}, {"start": "00:03:58", "end": "00:04:05", "text": "point it's not even funny like normally know we joke around with pulse this and that but this is kind of man it's it's"}, {"start": "00:04:05", "end": "00:04:11", "text": "it's like domestic abuse you know yeah I cannot laugh at it today today I cannot laugh at it because basically their boss"}, {"start": "00:04:11", "end": "00:04:19", "text": "their boss Richie Richard doing another sacrifice and he says no pulse, no pulse hakes, no"}, {"start": "00:04:19", "end": "00:04:26", "text": "incentive, no hes like all of these core coins they they they want to pump that his community holds they will not be"}, {"start": "00:04:26", "end": "00:04:31", "text": "accepted. So what happens? Everyone dumps them. He could have given such a nice buy pressure to them. So the"}, {"start": "00:04:31", "end": "00:04:37", "text": "community at least at least at least at least has some kind of green number. No."}, {"start": "00:04:37", "end": "00:04:44", "text": "Big fat no. And you know normally we laugh at that. you know, hexacons, haha, this and that. I mean, at this point,"}, {"start": "00:04:44", "end": "00:04:50", "text": "it's is is barely funny because it is literal vacuuming. He's like vacuuming."}, {"start": "00:04:50", "end": "00:04:56", "text": "He's vacuuming your money from your uh from your portfolio in real time. And"}, {"start": "00:04:56", "end": "00:05:02", "text": "what is the conclusion here? The conclusion here is that is that there are no shortcuts. If you are in crypto,"}, {"start": "00:05:02", "end": "00:05:08", "text": "you need to know trading for real. You cannot trust some kind of quick fix. So"}, {"start": "00:05:08", "end": "00:05:14", "text": "with pulse, what happened? Many people saw it as a bit of a quick fix that you"}, {"start": "00:05:14", "end": "00:05:21", "text": "buy this coin that the genie the fat man promotes. Okay, you know you they have"}, {"start": "00:05:21", "end": "00:05:27", "text": "this idea that if we just rub the belly button of the genie the money will come the money will come. They rub the belly"}, {"start": "00:05:27", "end": "00:05:33", "text": "button they rub the rub the for for five years they've been rubbing it. No money has been delivered. You know it's like"}, {"start": "00:05:33", "end": "00:05:40", "text": "the leprechaun the leprechaun at the end of the rainbow and it's Richard there sitting. You rub his belly button. Where"}, {"start": "00:05:40", "end": "00:05:45", "text": "is the money? There is no money. Instead, the money goes from you to him."}, {"start": "00:05:45", "end": "00:05:50", "text": "So, it's very very very serious. I don't want to laugh about it. The guan."}, {"start": "00:05:50", "end": "00:05:56", "text": "Exactly. The Gucci man. And so, there are no the conclusion, guys. There's no there are no shortcuts. It is not hard"}, {"start": "00:05:56", "end": "00:06:02", "text": "to learn trading for real. That's why I'm telling you, you click the link below, learn trading for real, learn the"}, {"start": "00:06:02", "end": "00:06:07", "text": "mechanical rules. is a free training right here because it is possible to make the money back whether you're"}, {"start": "00:06:07", "end": "00:06:12", "text": "scammed in in the pal situation because at this point if you still don't understand it guys I don't know what to"}, {"start": "00:06:12", "end": "00:06:19", "text": "tell you I don't know it is time to accept reality if you've been scammed for the last five six years in this"}, {"start": "00:06:19", "end": "00:06:26", "text": "whole situation or how many years it is it's years years long now you can make it back by actually doing the work and"}, {"start": "00:06:26", "end": "00:06:31", "text": "learning and it doesn't take a long time to learn the simple mechanical rules that make you consistently profitable it"}, {"start": "00:06:31", "end": "00:06:38", "text": "doesn't take long time but you have to learn. You cannot count on a shortcut and if you are wrecked in all the same"}, {"start": "00:06:38", "end": "00:06:45", "text": "thing if you feel that this this cycle has not been too great also you need to learn for real. You need to learn for"}, {"start": "00:06:45", "end": "00:06:51", "text": "real because the truth is that Bitcoin has gone from 15k to 125k. We pumped a"}, {"start": "00:06:51", "end": "00:06:57", "text": "lot of different uh coins here. I mean as a as a community like um Anom said we"}, {"start": "00:06:57", "end": "00:07:03", "text": "sent dog with hat to $5 billion. When people are saying, \"Oh, but this cycle"}, {"start": "00:07:03", "end": "00:07:09", "text": "didn't didn't have euphoria.\" I mean, we did see dog with hat to5 billion dollararis. Okay, like this guy saying,"}, {"start": "00:07:09", "end": "00:07:14", "text": "\"I still struggle to see how crypto actually achieved any marketwide euphoria, but euphoria was Trump for"}, {"start": "00:07:14", "end": "00:07:21", "text": "sure, the Trump coin.\" But remember, dog with hat, man. Dog with hat went ballistic, parab absolutely parabolic."}, {"start": "00:07:21", "end": "00:07:26", "text": "Okay, so is it possible to make to make back the loss? If you are at a loss, if"}, {"start": "00:07:26", "end": "00:07:31", "text": "if you're watching this, you are at a loss, it is absolutely possible. You just have to stay in crypto. Most people"}, {"start": "00:07:31", "end": "00:07:36", "text": "who have been in crypto for a few cycles, they've been through what you've been through. But the thing is, you need"}, {"start": "00:07:36", "end": "00:07:42", "text": "to you need to learn like you you need to actually put in the work. Put in the work. The fat man will not save you. His"}, {"start": "00:07:42", "end": "00:07:49", "text": "new coin will not save you because you need to understand that at the end of the day, your interest and his interests, they're not aligned. They're"}, {"start": "00:07:49", "end": "00:07:56", "text": "they're absolutely not aligned. It's is different. It's different. And um it's harder to to explain to a person that he"}, {"start": "00:07:56", "end": "00:08:02", "text": "he or she has been scammed than for the scammer to convince them that they are scammed. Okay, but it is what it is,"}, {"start": "00:08:02", "end": "00:08:07", "text": "guys. I I don't want to sugarcoat it. Uh and um yeah, keep it in mind. Just keep"}, {"start": "00:08:07", "end": "00:08:16", "text": "it in mind that stay in crypto. Whatever is happening, stay in crypto. It's going to be okay. There are ways to to to get"}, {"start": "00:08:16", "end": "00:08:21", "text": "back and it is possible to make back if you put in the work. And that's why we we share all of the education in the"}, {"start": "00:08:21", "end": "00:08:27", "text": "link below. U it's called trained by me. So click that as soon as possible. If we look let's look at what's happening in"}, {"start": "00:08:27", "end": "00:08:33", "text": "the market. If we look currently uh on the uh on the Bitcoin chart uh the"}, {"start": "00:08:33", "end": "00:08:40", "text": "situation is um yeah I mean I don't want to sugar coat it either guys. It is weak but we're above 50 week so it is okay"}, {"start": "00:08:40", "end": "00:08:47", "text": "but uh there is no Vshape. There is no strength there. Basically what we need is an impulse move. We need an impulse"}, {"start": "00:08:47", "end": "00:08:53", "text": "move right now in Bitcoin that shows strength. An impulse move like this. Okay? Like this. Like this. I'm still"}, {"start": "00:08:53", "end": "00:08:59", "text": "not discounting it fully. That's why my location is the way it is. And by the way, many people who who do content like"}, {"start": "00:08:59", "end": "00:09:06", "text": "I feel what they're missing, what they're missing is the practicality. So that's why on this channel, I want to make it practical because you you watch"}, {"start": "00:09:06", "end": "00:09:12", "text": "different contents, you know, this guy is bullish, this guy is bearish. But what is the practicality? Because every day there are bullish news, there are"}, {"start": "00:09:12", "end": "00:09:17", "text": "bearish. But where's the practicality? So I'm sharing with you exact exact exact practicality how to structure how"}, {"start": "00:09:17", "end": "00:09:23", "text": "I structure portfolio so that whatever happens we're good if we go down we're good we go up we're good everything is good everything is good that that's the"}, {"start": "00:09:23", "end": "00:09:29", "text": "practicality to you know to count on ETH going to five to 5.3 like people have been saying that um I think Ben Coin"}, {"start": "00:09:29", "end": "00:09:35", "text": "said ETH goes to 5.3 okay but what is the practicality because uh how do you position how do you position ETH going"}, {"start": "00:09:35", "end": "00:09:42", "text": "to 5.3 or 5.1 or what what the plan was is just you know a few% from the previous alltime high and I I told you"}, {"start": "00:09:42", "end": "00:09:47", "text": "already here guys But like I I don't know this 7% gain from what from this"}, {"start": "00:09:47", "end": "00:09:52", "text": "peak. Like is that what you're betting on? And the downside the downside is uh"}, {"start": "00:09:52", "end": "00:09:58", "text": "basically we go maybe we revisit this 1.5. We could we could easily revisit this low. So uh you need to have"}, {"start": "00:09:58", "end": "00:10:05", "text": "practicality and practicality is what the hell you do with portfolio. What exact exact exact you do with portfolio."}, {"start": "00:10:05", "end": "00:10:11", "text": "So that's why I really like focusing on on portfolio because I feel it's missing. you have, you know, this guy is"}, {"start": "00:10:11", "end": "00:10:16", "text": "saying he's bullish, that guy saying, but what is the practical? Where's the practical? At the end of the day, it's"}, {"start": "00:10:16", "end": "00:10:22", "text": "all about being like like water. I I keep repeating it now and then on on the streams, but it's important, meaning"}, {"start": "00:10:22", "end": "00:10:27", "text": "that you're never all in or all out. You're always either more position or less position. So, you you participate"}, {"start": "00:10:27", "end": "00:10:34", "text": "in the big trends uh to the upside and not to the downside. But anyway, guys, we need an impulse. Now, we need impulse. Impulse impulse impulse in a"}, {"start": "00:10:34", "end": "00:10:39", "text": "big bigly bigly way. Exactly. Exactly. Exactly. Hey guys,"}, {"start": "00:10:39", "end": "00:10:46", "text": "welcome everyone to the to the show. I actually don't have too much time. I just came from the workout. Uh I know I"}, {"start": "00:10:46", "end": "00:10:53", "text": "still have to shower. I I still I didn't even shower after workout. Just like bum bum fast and then I have to go maybe in the 20 or 30. Let's go fast. Bum bum bum"}, {"start": "00:10:53", "end": "00:10:59", "text": "bum bum bum bum. Okay. Um welcome everyone. We have who? We have dab"}, {"start": "00:10:59", "end": "00:11:04", "text": "timestamping us. Big big welcome. Uh smash up the like. Let's go to 4k likes"}, {"start": "00:11:04", "end": "00:11:09", "text": "and uh fantastic. Listen, let's go. Let's go fast. No more ceremony because"}, {"start": "00:11:09", "end": "00:11:14", "text": "we have a lot to cover. But as always, check out the link below to get trained"}, {"start": "00:11:14", "end": "00:11:20", "text": "properly with trading because guys, is it possible to make back? It's possible, but you have to put in the work. The fat"}, {"start": "00:11:20", "end": "00:11:26", "text": "man and the belly button will not give you free money. Like this uh this whole"}, {"start": "00:11:26", "end": "00:11:33", "text": "situation with piles and that somehow you invest and you're going to get a,000 x is"}, {"start": "00:11:33", "end": "00:11:40", "text": "I mean I I can keep telling you, but uh it is what it is. Now look here situation with monthly. Let's look at"}, {"start": "00:11:40", "end": "00:11:45", "text": "monthly. What we have down 5%. Um so"}, {"start": "00:11:45", "end": "00:11:50", "text": "yeah uh November is down. What we don't want is this. See 3% in October minus 5"}, {"start": "00:11:50", "end": "00:11:56", "text": "uh uh for now in November. But here it was 3% in October minus 36 in November."}, {"start": "00:11:56", "end": "00:12:01", "text": "So we don't want that. And uh if this starts to unfold we definitely will go below 50E moving average and we will"}, {"start": "00:12:01", "end": "00:12:07", "text": "take action. Now obviously November can still do like this. Uh we're not here to predict. We're here to react. And if it"}, {"start": "00:12:07", "end": "00:12:12", "text": "does like this, we're still enough exposed that we're good. We're riding to the upside. And yeah, we're we're we're"}, {"start": "00:12:12", "end": "00:12:18", "text": "fantastic. We're fantastic. Now guys, there is a signal. I call it, you know what I call it? I call it the the corpo"}, {"start": "00:12:18", "end": "00:12:25", "text": "boomer signal. Do you know the corpo boomer signal? You remember in 2021,"}, {"start": "00:12:25", "end": "00:12:30", "text": "right at the end of the bull market, we had this, you know, Meta Meta was saying, \"This is gonna look great in the"}, {"start": "00:12:30", "end": "00:12:38", "text": "metaverse.\" They commented on Pepsi something. Pepsi replied, \"You know it, friend. You know it, friend.\" Then Bad"}, {"start": "00:12:38", "end": "00:12:47", "text": "Viser came in, \"Welcome, brand, friend. Vag me. We're all going to make it. Vag me. Vag me. Vag me.\" Uh, thanks, friend."}, {"start": "00:12:47", "end": "00:12:53", "text": "Vag me. The corpo boomer, you know, coming in"}, {"start": "00:12:53", "end": "00:12:59", "text": "trying to be crypto. The problem, guys. The problem yesterday Coinbase macri is"}, {"start": "00:12:59", "end": "00:13:05", "text": "back talking about the macri macri uh coming back and normally crypto pants"}, {"start": "00:13:05", "end": "00:13:11", "text": "when macri is back this this season. Oh my god. The the"}, {"start": "00:13:11", "end": "00:13:18", "text": "corpo boomers. What is this? Support confirm man."}, {"start": "00:13:18", "end": "00:13:24", "text": "What we call I I I maybe I call it marketing corporal boomer indicator you know uh entering crypto. They they heard"}, {"start": "00:13:24", "end": "00:13:29", "text": "that crypto is big now. So you know for fun Nancy from marketing for f for fun"}, {"start": "00:13:29", "end": "00:13:35", "text": "thought why don't we do some you know crypto. She Nancy from marketing at"}, {"start": "00:13:35", "end": "00:13:43", "text": "McDonald's saw on the Bloomberg or maybe she saw on BBC watching mainstream media. Huh? Crypto is back is back. What"}, {"start": "00:13:43", "end": "00:13:48", "text": "do people say friend? Oh, okay. Okay. Season season Nancy from Marcus comes up"}, {"start": "00:13:48", "end": "00:13:54", "text": "with a brilliant idea. Let's be crypto. Let's jump on crypto. And this is what's"}, {"start": "00:13:54", "end": "00:14:01", "text": "happening this this season. I don't even know it. So, uh yeah, keep an eye on that. the"}, {"start": "00:14:01", "end": "00:14:07", "text": "the boomer nancy for marketing indicator is um is flashing. So let's see what's"}, {"start": "00:14:07", "end": "00:14:14", "text": "going to happen. This is more for for fun for infotainment and Anom is actually now out of the market he says"}, {"start": "00:14:14", "end": "00:14:22", "text": "and uh yeah maybe it's a bottom indicator I mean Anom big shout like listen I love Ansom I love Anom but ah"}, {"start": "00:14:22", "end": "00:14:29", "text": "man his strategy it needs a lot of work a lot of work a lot of work he he became bearish way too fast we were bullish all"}, {"start": "00:14:29", "end": "00:14:36", "text": "the way until October 8 when we switched and became conservative he became bullish basically like at the beginning"}, {"start": "00:14:36", "end": "00:14:42", "text": "of October you remember at like 125 or something. And now he said he's out and"}, {"start": "00:14:42", "end": "00:14:49", "text": "um yeah, may maybe it is the bottom because he's buying was the top."}, {"start": "00:14:49", "end": "00:14:55", "text": "Where did he say? Let's see. Let's see. Let's see. Man, he retweets a lot. Where where is it? He's now tweeting a lot of bearish stuff. So yeah, he's bearish"}, {"start": "00:14:55", "end": "00:15:02", "text": "again. Where is this guy? Bitcoin. Oh yeah, from 20. What is it? We We need to check that. All these retweets from Man,"}, {"start": "00:15:02", "end": "00:15:08", "text": "he's retweeting. I want Man, he's retweeting. What is he retweeting? Uh oh. Yeah. Here, here, here. Sold"}, {"start": "00:15:08", "end": "00:15:14", "text": "Bitcoin war for $12.8. Okay. I mean, we're up since then."}, {"start": "00:15:14", "end": "00:15:21", "text": "That's something. Now it's 104. Big shout out. So, what is he retweeting"}, {"start": "00:15:21", "end": "00:15:28", "text": "this guy? Bitcoin. Let's see. Bitcoin stages. This he tweeted in 2018. Why he retweets this? Season one, two, three."}, {"start": "00:15:28", "end": "00:15:34", "text": "Bum bum bum bum bum. Uh told you look into this article leader. Okay. Yeah."}, {"start": "00:15:34", "end": "00:15:41", "text": "Crypto stages. Okay. So where what is the conclusion for us now? Is this relevant for us now? What's happening?"}, {"start": "00:15:41", "end": "00:15:46", "text": "Failed to break this. But this 2018 stuff does he have some more? Let's"}, {"start": "00:15:46", "end": "00:15:52", "text": "check. Let's check. Let's check check. Let's check. Why we speak about it? Let me see just a bit guys here. If he"}, {"start": "00:15:52", "end": "00:15:58", "text": "commented something, maybe it's a bit of alpha that is interesting. If you have epilepsia, don't watch this at the screen right now. It's a bit of"}, {"start": "00:15:58", "end": "00:16:05", "text": "flashing. Uh yeah, I don't know. Uh all in all, answer now. Bearish. Is it the"}, {"start": "00:16:05", "end": "00:16:11", "text": "bottom? It could be. I'm It could be. It could be. But I'm also conservative. So,"}, {"start": "00:16:11", "end": "00:16:16", "text": "let's see, guys. But we were conservative since October 8th. I just want everyone to remember it that everyone writes on the forehead. Ivan"}, {"start": "00:16:16", "end": "00:16:23", "text": "was conservative since October 8th. Okay? And people are saying, \"Ivan, you why why you toing your own?\" Guys,"}, {"start": "00:16:23", "end": "00:16:30", "text": "listen. Because we were freaking correct. Everyone called me a loser. People were spitting in our face. So,"}, {"start": "00:16:30", "end": "00:16:37", "text": "now we're taking credit like a mfer. Okay? like listen it was like it was and"}, {"start": "00:16:37", "end": "00:16:43", "text": "uh the thing is it's there is a learning I'm not bragging but there is a learning in that and that's the mechanical rules"}, {"start": "00:16:43", "end": "00:16:49", "text": "work our system works I mean everything works everything was exact exact exact I mean exactly like predicted you know we"}, {"start": "00:16:49", "end": "00:16:55", "text": "normally joke but I mean it was kind of exact I mean it is what it is so that's why it's is the value of the mechanical"}, {"start": "00:16:55", "end": "00:17:00", "text": "rules that we teach in the link below and uh yeah uh check it out if you haven't yet but it's important guys it's"}, {"start": "00:17:00", "end": "00:17:07", "text": "important it was it predictable it was fully predictable fully fully fully predictable. Now, um yeah, I mean that's"}, {"start": "00:17:07", "end": "00:17:14", "text": "that that's that. Let's go to quick Q&A, guys. I kind of have to go like right now. Before we go,"}, {"start": "00:17:14", "end": "00:17:20", "text": "check out the Pionex below. I did open up a new Pionex bot guys for Bitcoin. I mean, as you know, we we removed a lot"}, {"start": "00:17:20", "end": "00:17:25", "text": "of this small bots uh after the liquidation situation. Um, and uh, now"}, {"start": "00:17:25", "end": "00:17:33", "text": "we just focus on the big ones like Bitcoin. Uh, so I just opened this one before the stream. And let me see here."}, {"start": "00:17:33", "end": "00:17:38", "text": "Uh, uh, one second, one second. Uh, where's this other view? Uh,"}, {"start": "00:17:38", "end": "00:17:45", "text": "futures bot. Here, here, here, here, here, here, here, here, here, here. Detail. So, the idea, man, where do you"}, {"start": "00:17:45", "end": "00:17:50", "text": "see on the chart? One second. Yes, let me find it. The idea here is that we now"}, {"start": "00:17:50", "end": "00:17:56", "text": "uh have a range that is not too Oh yeah, here here sorry here it is that is not"}, {"start": "00:17:56", "end": "00:18:02", "text": "uh too high up but very uh very far down. So basically capital is not really"}, {"start": "00:18:02", "end": "00:18:09", "text": "deployed too much at the moment. So I open the bot and only like 20% of the capital is deployed now into into"}, {"start": "00:18:09", "end": "00:18:14", "text": "Bitcoin. Okay. And so all of this way down to like 90k, here's where it's"}, {"start": "00:18:14", "end": "00:18:21", "text": "going to buy the dip. And in case it bounces, even if it's a dead cut bounce, like let's say it goes to like 90 and comes back to 100. Here's where it's"}, {"start": "00:18:21", "end": "00:18:26", "text": "going to be taking profits. If it goes up here, okay, great. It's going to be taking profit on all of these grid"}, {"start": "00:18:26", "end": "00:18:32", "text": "levels. So basically, we use the volatility to our advantage here. If we see a dump, let's say to 90, you know,"}, {"start": "00:18:32", "end": "00:18:38", "text": "Bitcoin is not going to go down. If it decides to go down below 50week moving average, we still have to see that. But, you know, it's not going to go down in a"}, {"start": "00:18:38", "end": "00:18:45", "text": "straight line. It's gonna go down then that cut bounce and that's that's where the grid bot comes in because it buys on the way down that cut bounce it sells"}, {"start": "00:18:45", "end": "00:18:51", "text": "then another so you can basically use it in a in a downward trend as well because"}, {"start": "00:18:51", "end": "00:18:57", "text": "it will be buying and then selling on the way up. Um so let's see how that goes. Just open it now. You can copy it"}, {"start": "00:18:57", "end": "00:19:04", "text": "using the uh the link below as well. Um and u let's check the ETF also before we"}, {"start": "00:19:04", "end": "00:19:10", "text": "go to Q&A. What happened yesterday? Yesterday was a bit of a red day. So I guess the Oh, ETF actually bought, man. ETF bought. There you go. Black Rock."}, {"start": "00:19:10", "end": "00:19:16", "text": "Bam. Bam. Bam. 500 million inflow in ETF on a red day. Wow, that's great. That's"}, {"start": "00:19:16", "end": "00:19:22", "text": "great. I mean, finally the ETF is going against the fear fear and greed and actually buying when it's fearful."}, {"start": "00:19:22", "end": "00:19:28", "text": "Normally they sell when it's fearful. The but yesterday they bought. Let's also quickly check the uh the what"}, {"start": "00:19:28", "end": "00:19:34", "text": "whales are doing with their money on the hyperlquid. U so the most profitable"}, {"start": "00:19:34", "end": "00:19:40", "text": "ones are very bearish. The second profitable ones are slightly bearish and then everyone else is bullish or very"}, {"start": "00:19:40", "end": "00:19:46", "text": "bullish and the most wrecked ones they're very bullish. My you lose 1 million to infinity"}, {"start": "00:19:46", "end": "00:19:53", "text": "dollars. Hey, you're still bull. I mean I I can I can kind I can kind of respect that also."}, {"start": "00:19:53", "end": "00:20:01", "text": "You lost one million bucks or many millions because it goes to infinity here. You're still very"}, {"start": "00:20:03", "end": "00:20:11", "text": "I can respect that. I mean those are direct masters the man the wreck masters who are still bullish very not guys and"}, {"start": "00:20:11", "end": "00:20:17", "text": "not bullish they're they're very bullish okay I I can respect that I can respect that"}, {"start": "00:20:17", "end": "00:20:25", "text": "but anyway we're monitoring that because this is good to see what whales are actually doing with their trades I don't"}, {"start": "00:20:25", "end": "00:20:32", "text": "I'm not a fan of onchain analysis anymore guys like in the past you know in the past we watched that like glass node what whales doing onchain like that"}, {"start": "00:20:32", "end": "00:20:40", "text": "that is in comparison to is that we have now transparent numbers on leverage trades online uh on chain from Hyperlid."}, {"start": "00:20:40", "end": "00:20:46", "text": "Like this is way better. This is way better because you literally see exactly exactly exactly what they're doing and"}, {"start": "00:20:46", "end": "00:20:52", "text": "uh uh and yeah, it's it's the real signal. The other onchain stuff it was"}, {"start": "00:20:52", "end": "00:20:58", "text": "kind of useful before because you didn't have this transparent data. So you kind of saw what you know what the whales are"}, {"start": "00:20:58", "end": "00:21:03", "text": "moving Bitcoin but you never knew for sure because onchain analysis can never tell you are they actually buying or are"}, {"start": "00:21:03", "end": "00:21:11", "text": "they actually selling it just that they move and then you make some assumptions and these assumptions are wrong in so many cases. So I feel that since I"}, {"start": "00:21:11", "end": "00:21:17", "text": "switched the analysis to looking at the hyperlquid positions uh it is u yeah I"}, {"start": "00:21:17", "end": "00:21:22", "text": "feel that the signal is clearer here the signal is clearer to see what the big wallets are doing uh instead of like"}, {"start": "00:21:22", "end": "00:21:28", "text": "trying to use you know bitcoin move bitcoin whale this and because it's not"}, {"start": "00:21:28", "end": "00:21:35", "text": "confirmed like their buy and sell orders on chain they're not confirmed if someone moves bitcoin and then you know glass node or whoever tells oh they sold"}, {"start": "00:21:35", "end": "00:21:40", "text": "but they did they really sell they just move to another wallet did they really or they just move to EC like you don't"}, {"start": "00:21:40", "end": "00:21:46", "text": "know that it's on with onchain you don't know that so yeah that's"}, {"start": "00:21:46", "end": "00:21:51", "text": "I think guys that's it let's go to Q&A um there's not too many news I mean"}, {"start": "00:21:51", "end": "00:21:57", "text": "there we had big news we we we had big news with the Trump um but now he kind"}, {"start": "00:21:57", "end": "00:22:03", "text": "of changed his mind what happened Trump 2000 what happened with his $2,000 you're not going to get it or what"}, {"start": "00:22:03", "end": "00:22:09", "text": "happened people are saying you're not going to get it But two days ago he said all money left"}, {"start": "00:22:09", "end": "00:22:15", "text": "over from made to low income meep yep yep should pay down national debt. Okay."}, {"start": "00:22:15", "end": "00:22:21", "text": "Yeah. But he did say that. I mean I think it's pretty clear. But uh people have been saying that you it's not uh"}, {"start": "00:22:21", "end": "00:22:26", "text": "it's not that good. It's not as good. Yeah. Could be ch tax decrease. Yeah."}, {"start": "00:22:26", "end": "00:22:32", "text": "But that that's fair. That's fair. Tax decrease is I mean it's is the same basically."}, {"start": "00:22:32", "end": "00:22:40", "text": "Let's listen. You know, it could the the $2,000 dividend could come in lots of forms in lots of ways, George. You know,"}, {"start": "00:22:40", "end": "00:22:47", "text": "it could be just the the tax decreases that we are seeing on the president's agenda. You know, no tax on tips, no tax"}, {"start": "00:22:47", "end": "00:22:53", "text": "on overtime, no tax on social security. Ah, okay. It's different. Okay. I"}, {"start": "00:22:53", "end": "00:22:59", "text": "thought it would be a tax deduction on your tax bill those two,000. But if it's just, you know, oh, we decreased some"}, {"start": "00:22:59", "end": "00:23:06", "text": "tax on tips. Okay. Okay. I understand. And I understand the disappointment then deductibility of auto loans. So you know"}, {"start": "00:23:06", "end": "00:23:12", "text": "those are substantial deduction man. I mean that's a way to spin it. Okay. Okay. Okay. I understand."}, {"start": "00:23:12", "end": "00:23:19", "text": "Basically saying that yeah maybe we just decrease tax on tip. Okay. Okay. Okay. I I I understand. I understand. It's not"}, {"start": "00:23:19", "end": "00:23:25", "text": "okay. Then maybe it will not be this injection of funds that uh that we hoped. Okay. That you get $2,000 you can"}, {"start": "00:23:25", "end": "00:23:30", "text": "buy something with it. And uh yeah. It's just Yeah. Okay. Okay. I get it."}, {"start": "00:23:30", "end": "00:23:38", "text": "that you know are being financed in the tax bill. Secretary, you know, it could the $2,000 dividend"}, {"start": "00:23:38", "end": "00:23:43", "text": "could come in basic. Okay. Okay. Okay. I mean, that's a way to spin it. Um, but anyway guys,"}, {"start": "00:23:43", "end": "00:23:52", "text": "let's go to Q&A. Questions, answers, debates. Some guy says you should always do in robe. Yeah, maybe we should do"}, {"start": "00:23:52", "end": "00:23:57", "text": "Let's go, guys. Let's go to Q&A. All in all, like guys, my message here, my message here, there are no shortcuts. I"}, {"start": "00:23:57", "end": "00:24:04", "text": "mean, I'm sorry to say that, but this whole Richard Hort thing, it was a people saw it as a shortcut. Again, rub"}, {"start": "00:24:04", "end": "00:24:10", "text": "the belly button of the genie or the fatman in this case. And the money unfortunately doesn't come out that way."}, {"start": "00:24:10", "end": "00:24:17", "text": "Instead, you have to learn the basics. It's not hard to learn if you learn the mechanical rules. I mean, you can be"}, {"start": "00:24:17", "end": "00:24:23", "text": "consistently profitable. Use the link below. There's a link. Get trained by me. Do you do can you you you can make"}, {"start": "00:24:23", "end": "00:24:29", "text": "everything back. you can make everything back and more because that's normally what happens if you stay in crypto. You"}, {"start": "00:24:29", "end": "00:24:36", "text": "just have to stay in crypto. Absolutely. Absolutely. Stay stay in crypto. Trade"}, {"start": "00:24:36", "end": "00:24:42", "text": "and get out of the mental hospital. Get out of the cult because again dog with"}, {"start": "00:24:42", "end": "00:24:47", "text": "hat went to five billion. Were you in dog with hat? No. Because you whole held the pal sex or I don't know what you"}, {"start": "00:24:47", "end": "00:24:53", "text": "held. You you you were in pie. You were in pie when you could have been in dog with hat."}, {"start": "00:24:53", "end": "00:25:00", "text": "Okay. Were you in dog with hat? No, you weren't there."}, {"start": "00:25:08", "end": "00:25:14", "text": "Anyway, let's go to Q&A questions. Answer debates. Bum bum bum bum bum. Big shout out to Dub for time stamping us."}, {"start": "00:25:14", "end": "00:25:19", "text": "And let's go. Let's go. Let's go."}, {"start": "00:25:20", "end": "00:25:25", "text": "When something dumps you by not sell"}, {"start": "00:25:29", "end": "00:25:36", "text": "I mean how many times should I explain it I don't know are you guys listening or at least that guy lucky what's your"}, {"start": "00:25:36", "end": "00:25:44", "text": "name lucky lucky lucky lucky look what you're speaking about when something dumps it can dump forever I"}, {"start": "00:25:44", "end": "00:25:51", "text": "mean look at Avox not even looking at your look at Avox Bare trend where you buy you buy here"}, {"start": "00:25:51", "end": "00:25:58", "text": "you buy here where you buy you buy here where where you buy trend you don't buy"}, {"start": "00:25:58", "end": "00:26:05", "text": "bull trend here you could buy ride this then get GTFO when it turns bearish okay"}, {"start": "00:26:05", "end": "00:26:10", "text": "where you buy here you buy here you here you where you buy"}, {"start": "00:26:10", "end": "00:26:17", "text": "where trend you don't buy you because you're going to be hodddling to zero in crypto most things go to zero"}, {"start": "00:26:17", "end": "00:26:23", "text": "atom another one an atom atom atom now the thing is atom and other ones they have also done but at least there people"}, {"start": "00:26:23", "end": "00:26:28", "text": "have been able to I mean I don't have this you know people"}, {"start": "00:26:28", "end": "00:26:35", "text": "in mental prison who hold at they refuse to let it go but in pulse people are in"}, {"start": "00:26:35", "end": "00:26:40", "text": "the cult so they refuse to let it go and then they're down 90% it's a I mean it's"}, {"start": "00:26:40", "end": "00:26:46", "text": "a human tragedy like what's happened is human tragedy but here's another example with cosmos where you buy here it dumps."}, {"start": "00:26:46", "end": "00:26:52", "text": "Okay, it dumps further. You buy here, it dumps further. It dumps further. The only uh the only position you can buy is"}, {"start": "00:26:52", "end": "00:26:58", "text": "in case it is bullish trend because at least here you have a bit of momentum. But um you should be very careful. As"}, {"start": "00:26:58", "end": "00:27:04", "text": "soon as it goes back to bear, it's uh it's f it's"}, {"start": "00:27:04", "end": "00:27:10", "text": "don't hold bearish things. Don't hold bearish things. And now atom is back to"}, {"start": "00:27:10", "end": "00:27:16", "text": "the levels from 2020. And yeah, never hold B. That's what I'm"}, {"start": "00:27:16", "end": "00:27:21", "text": "telling you. Learn mechanical rules. Get the main line. Use the link below. Yeah. Anyway, big shout out to Lucky Luke. I"}, {"start": "00:27:21", "end": "00:27:28", "text": "know you're here a lot, so no uh no attack on you, but uh kind of Yeah. I"}, {"start": "00:27:28", "end": "00:27:34", "text": "don't know. Do what you do what you want. Mash up the like. At least mash up the"}, {"start": "00:27:34", "end": "00:27:39", "text": "like. You do something something correct."}, {"start": "00:27:40", "end": "00:27:47", "text": "Wait, wait. Um, I my son son my son got Bristol hair"}, {"start": "00:27:47", "end": "00:27:53", "text": "like you. How to tame them? What is Bristol hair? What is Bristol? I I don't"}, {"start": "00:27:53", "end": "00:27:59", "text": "know what it is. I have my hair guys. It's very thick."}, {"start": "00:27:59", "end": "00:28:05", "text": "When I go to the hairdresser, the first thing I tell them is thin thin. Get this scissor, you know, with this like uh you"}, {"start": "00:28:05", "end": "00:28:12", "text": "know, with this like uh not not sharp, but you know this uh like thinning thinning. I I tell them thin thin thin"}, {"start": "00:28:12", "end": "00:28:20", "text": "thin thin. Then I feel with the hand. If it feels uh if it feels a bit too thick, I'm thin thin thin thin. So it's all all"}, {"start": "00:28:20", "end": "00:28:27", "text": "if if they don't thin it, man. It's it's impossible. It's impossible. I tell them thin thin thin then."}, {"start": "00:28:27", "end": "00:28:33", "text": "Fantastic. Fantastic singing scissor. Exactly. Exactly. I I"}, {"start": "00:28:33", "end": "00:28:40", "text": "need a lot of it. I need a lot of it. But it's good. It's good. I mean uh I I'm actually blessed because uh I I mean"}, {"start": "00:28:40", "end": "00:28:45", "text": "let me let me bang but I mean I have a lot of hair on the on the head. I have a lot. I have a lot. So it's I love the"}, {"start": "00:28:45", "end": "00:28:52", "text": "problem. Thanks a lot God for the problem. I mean I appreciate it. I would rather have the thinning scissor uh than"}, {"start": "00:28:52", "end": "00:28:58", "text": "to lose it. So it's very good. But yeah. So brush. What is that? Bristol. I don't"}, {"start": "00:28:58", "end": "00:29:04", "text": "know what it is. Bristol maybe mean the city in the UK."}, {"start": "00:29:04", "end": "00:29:09", "text": "Bristol. I know. Bristol hair. I don't know. What is this?"}, {"start": "00:29:10", "end": "00:29:17", "text": "Uh, when you're six, you will not be saying thin thin. Yeah. I mean, it's just I"}, {"start": "00:29:17", "end": "00:29:22", "text": "said it's it's a good problem to have. Exactly. It's a good problem to have."}, {"start": "00:29:28", "end": "00:29:33", "text": "I keep my bristle. Yeah, I know what it is. What do you think about the recent"}, {"start": "00:29:33", "end": "00:29:39", "text": "Sydney? Oh man, it was pure joy. It was pure joy. I love it. I love it, man. Si"}, {"start": "00:29:39", "end": "00:29:44", "text": "Sweeny. I love it. Fantastic. This"}, {"start": "00:29:44", "end": "00:29:49", "text": "left like disgusting,"}, {"start": "00:29:52", "end": "00:29:57", "text": "man. It's it's that intro, guys. Like, it's"}, {"start": "00:29:57", "end": "00:30:03", "text": "like she I you see the left is in ah it's I get this like you know she's kind"}, {"start": "00:30:03", "end": "00:30:08", "text": "of pretending to be her friend and she's asking like a deceitful question. I don't want to play the intro. You can"}, {"start": "00:30:08", "end": "00:30:17", "text": "watch yourself, but you probably have seen it. You know, she's like deceitful. She's like ah, you know."}, {"start": "00:30:18", "end": "00:30:24", "text": "Oh man. I mean, just in general, never speak to"}, {"start": "00:30:24", "end": "00:30:30", "text": "journalists. Mainstream media, never speak to mainstream media. You don't need it. I mean, it applies if you have a company, if you have the main media,"}, {"start": "00:30:30", "end": "00:30:37", "text": "you don't need to speak. Have your own platform, have your own everything. They will want Exactly. The Karen boss. This"}, {"start": "00:30:37", "end": "00:30:42", "text": "is the Karen of the Karen of the W Karen Bos."}, {"start": "00:30:42", "end": "00:30:49", "text": "Yeah. Uh big shout out to Si Sweeny. Exactly."}, {"start": "00:30:49", "end": "00:30:56", "text": "See Sydney Sweeny. She she has good media training. When she sees the leftist trap, she she she understands it"}, {"start": "00:30:56", "end": "00:31:01", "text": "and she handles it very well. This is the problem. Many people, they're not media trained. So you sit in an"}, {"start": "00:31:01", "end": "00:31:07", "text": "interview, you get lured into a trap to give some comment on something where"}, {"start": "00:31:07", "end": "00:31:14", "text": "basically in any interview, in any media situation, you need to hold the frame. It actually applies in um in life as"}, {"start": "00:31:14", "end": "00:31:20", "text": "well. Actually, it applies in everyday life always. You have the frame. Okay?"}, {"start": "00:31:20", "end": "00:31:26", "text": "Someone tries to break the frame, GTFO. I mean, if if they try to frame something, you know, about you in a"}, {"start": "00:31:26", "end": "00:31:32", "text": "wrong way, GTFO, you have the frame. So demonstrate here how to hold the frame"}, {"start": "00:31:32", "end": "00:31:38", "text": "when the leftist tried to like you know the she attacked her ad in this you know"}, {"start": "00:31:38", "end": "00:31:47", "text": "with a smile with this okay and Sydney just said yeah I no comment basic"}, {"start": "00:31:47", "end": "00:31:54", "text": "fantastic fantastic fantastic"}, {"start": "00:32:08", "end": "00:32:14", "text": "I don't understand the singing for Sydney Sweeny. She look like any girl from back in my school days. Yeah. I"}, {"start": "00:32:14", "end": "00:32:20", "text": "mean she I mean she looks good. I mean what can I say? She she looks good. I don't want to say she looks bad. I mean she looks good. She looks good. She"}, {"start": "00:32:20", "end": "00:32:26", "text": "doesn't look bad. I would say she looks maybe even very good but u yeah I mean"}, {"start": "00:32:26", "end": "00:32:34", "text": "maybe you have some other standard but but I can tell you one thing I can tell you one thing mi wife"}, {"start": "00:32:34", "end": "00:32:41", "text": "guys I don't know if we should sync to a gossip channel here but you know it's it's entertainment you know here it is"}, {"start": "00:32:41", "end": "00:32:51", "text": "it's show biz it's show biz so I'm not I'm not saying that we're sinking to gossip because it's show biz and he is"}, {"start": "00:32:51", "end": "00:32:56", "text": "dictator of New York. So, he's a public figure. So, I think we're allowed, but"}, {"start": "00:32:56", "end": "00:33:01", "text": "you know, there's a whole discussion. Is Sydney better looking than Manny wife?"}, {"start": "00:33:01", "end": "00:33:07", "text": "And some I I don't know. Some people are saying that Manny wife is better looking like I I don't know which planet they're"}, {"start": "00:33:07", "end": "00:33:14", "text": "on. So, from that perspective, from that perspective, uh Sudi Sweeney looks amazing. like not"}, {"start": "00:33:14", "end": "00:33:20", "text": "even you know it depends on the maybe you have something some other perspective like I'm not you know the"}, {"start": "00:33:20", "end": "00:33:28", "text": "beauty is in the eye of the beholder as they say okay uh but this whole situation that mom dy wife is better"}, {"start": "00:33:28", "end": "00:33:34", "text": "than looking than sis like again it's all uh personal but maybe not because"}, {"start": "00:33:34", "end": "00:33:42", "text": "maybe beauty is also objective I mean I don't want to get into more of this philosophical debate uh but I I think it"}, {"start": "00:33:42", "end": "00:33:49", "text": "is objective what do you think it's a bit of philosophical debate, but is uh is beauty objective or subjective? Some"}, {"start": "00:33:49", "end": "00:33:55", "text": "people are say it's in the eye of the beholder, but I'm not sure I agree. I mean, I think there are some standards that everyone"}, {"start": "00:33:55", "end": "00:34:00", "text": "everyone agrees, but now that guy in the comment section, I don't know which school you went to. Now, in some"}, {"start": "00:34:00", "end": "00:34:06", "text": "countries, you just have uh more of the"}, {"start": "00:34:06", "end": "00:34:13", "text": "of the, you know, of this uh good-looking some. Anyway, guys, let's not get too deep."}, {"start": "00:34:16", "end": "00:34:21", "text": "Let's not go too Let's not go too deep into that. Let's go back to crypto."}, {"start": "00:34:24", "end": "00:34:31", "text": "Beauty is culture. Maybe it is. I don't know guys. Maybe it is diverse. Maybe it is diverse."}, {"start": "00:34:32", "end": "00:34:38", "text": "If I had to choose, I would not choose mom Daniel. Like if you put a gun to my head, you have to pick one. I would not"}, {"start": "00:34:38", "end": "00:34:43", "text": "do go for mom Daniel. You guys let me know."}, {"start": "00:34:43", "end": "00:34:48", "text": "And definitely not Macaron's wife."}, {"start": "00:34:48", "end": "00:34:55", "text": "Guys, listen. That's it. I think we're get getting out of control here, guys. Bam. Big shout out to Dab for time"}, {"start": "00:34:55", "end": "00:35:00", "text": "stamping us. Check out Check out the link below for Get Trained by Me Bull"}, {"start": "00:35:00", "end": "00:35:06", "text": "Mania. Uh, you can make it back. It's possible. You're scanned by the by the"}, {"start": "00:35:06", "end": "00:35:14", "text": "leprechaun, the the fat man. You can make it back. Use the link below. Have a good day and goodbye, guys. Goodbye. Goodbye. Goodbye."}]

[{"start": "00:00:02", "end": "00:00:08", "text": "Oh yes, oh yes, yes, oh yes. Guys, welcome to another episode. And as you can see right now, Bitcoin is around"}, {"start": "00:00:08", "end": "00:00:13", "text": "105. We went all the way to 107"}, {"start": "00:00:13", "end": "00:00:18", "text": "yesterday, then bam, collapsed down to 105. As you know, yesterday we did see"}, {"start": "00:00:18", "end": "00:00:26", "text": "some big big news for Bitcoin that normally would send Bitcoin in a parabolic in an absolute catapult. In an"}, {"start": "00:00:26", "end": "00:00:32", "text": "absolute catapult during normal bull market conditions when you have news such as we got yesterday. Number one,"}, {"start": "00:00:32", "end": "00:00:38", "text": "Trump announced helicopter money $2,000 to all Americans from the tariff"}, {"start": "00:00:38", "end": "00:00:44", "text": "revenue. That was the news number one. And second news was the government shutdown is ending. Both of these news"}, {"start": "00:00:44", "end": "00:00:50", "text": "alone in 2019 and 2020 sent the market parabolic. Absolute absolute insaling"}, {"start": "00:00:50", "end": "00:00:57", "text": "parabolic. So, Bitcoin did react slightly yesterday, but then instantly went down and now we're kind of back"}, {"start": "00:00:57", "end": "00:01:04", "text": "where we were last week at the, you know, at the lows here of last week towards the closing closing price. So,"}, {"start": "00:01:04", "end": "00:01:11", "text": "guys, for Bitcoin, my verdict here is that we really have to see acceleration to the upside. I remain I remain"}, {"start": "00:01:11", "end": "00:01:17", "text": "cautious with uh 70% in the market approximately 30% out of the market"}, {"start": "00:01:17", "end": "00:01:23", "text": "because when you have such big fat news I mean literally this is the news that"}, {"start": "00:01:23", "end": "00:01:29", "text": "is a grade okay you have a grade A tier news that is bullish you have B tier you"}, {"start": "00:01:29", "end": "00:01:35", "text": "have C tier let's say you have some um you know micro strategy buying on this point it's kind of like C or D tier it's"}, {"start": "00:01:35", "end": "00:01:40", "text": "still good news but like it's not going to move the market alone but then when you have Trump's saying helicopter money"}, {"start": "00:01:40", "end": "00:01:46", "text": "man it's it's a great like it's literally a grade this kind of stuff normally would pump a lot but for now at"}, {"start": "00:01:46", "end": "00:01:52", "text": "least bitcoin is careful maybe it's going to change that is the hope for the bulls that the bulls uh somehow start"}, {"start": "00:01:52", "end": "00:01:58", "text": "pumping and we need to close in a higher in a higher position than the previous"}, {"start": "00:01:58", "end": "00:02:05", "text": "weeks to start building a new trend here because we've been in a downward trend since October 8th like we've been"}, {"start": "00:02:05", "end": "00:02:10", "text": "warning I mean literally October 8th we said to be careful for us to start reversing it we need to go from this,"}, {"start": "00:02:10", "end": "00:02:16", "text": "you know, higher uh higher high, higher low, higher high, higher low to uh sorry, lower high, lower low to higher"}, {"start": "00:02:16", "end": "00:02:21", "text": "high, higher low. That's what we need to go. Okay, so this is where we're at for now. Uh we don't see any signs of"}, {"start": "00:02:21", "end": "00:02:29", "text": "Bitcoin that it wants to pump, guys. It is what it is. On the weekly, if you zoom out on the weekly, the situation is"}, {"start": "00:02:29", "end": "00:02:35", "text": "still under control because, as you can see, we're still in a bull trend on the money line. No one has canceled that. That's number one. And we're still above"}, {"start": "00:02:35", "end": "00:02:41", "text": "the 50week moving average. Okay, but Bitcoin is uh not showing us direction."}, {"start": "00:02:41", "end": "00:02:47", "text": "It's kind of consolidating kind of a bit weak, a bit not really doing anything. Can it change? It can change. But"}, {"start": "00:02:47", "end": "00:02:55", "text": "Bitcoin needs to violently go to the upside. Go above 110. So we close above this previous week. So we start building"}, {"start": "00:02:55", "end": "00:03:00", "text": "a bull trend and uh start reversing the series of lower highs and lower lows."}, {"start": "00:03:00", "end": "00:03:07", "text": "And so we go to higher highs and higher low. uh and uh this is the situation currently and uh the main thing for us"}, {"start": "00:03:07", "end": "00:03:13", "text": "is to not lose the 50week moving average right here and right now. The main main thing is to not lose the 50 moving"}, {"start": "00:03:13", "end": "00:03:20", "text": "average which is the yellow uh line here. We did bounce from it u uh last week and this week needs to be the same"}, {"start": "00:03:20", "end": "00:03:27", "text": "and then ideally we need to see this from bulls very violent very violent to the upside and maybe we're getting"}, {"start": "00:03:27", "end": "00:03:34", "text": "there. I mean, listen, we're not here to bet on the on the outcome. We're here to position ourselves so that the portfolio"}, {"start": "00:03:34", "end": "00:03:40", "text": "is great no matter what. That's why we have the risk between the October 8th and and 100. So, basically between 120"}, {"start": "00:03:40", "end": "00:03:45", "text": "and 100, we have the risk 30% out of the market, 70% of the market. We're good no"}, {"start": "00:03:45", "end": "00:03:50", "text": "matter what happens. Let's say we start going lower. For us, it's easier to keep the risking. If we start going higher,"}, {"start": "00:03:50", "end": "00:03:56", "text": "great. 70% still in the market. We have all of the upside anyway. Uh and um that's the situation we're in currently"}, {"start": "00:03:56", "end": "00:04:03", "text": "with the backdrop as you know of the four year cycle uh now in the kind of final days. If you compare to the"}, {"start": "00:04:03", "end": "00:04:10", "text": "previous four cycles, we've been showing it many many times now. And if we look, let's look at the monthly and weekly"}, {"start": "00:04:10", "end": "00:04:16", "text": "returns. Where is it? Here, here. Here. You have uh November currently uh being"}, {"start": "00:04:16", "end": "00:04:24", "text": "4% down. October 3% down overall. Then you have November minus 4% down. And um"}, {"start": "00:04:24", "end": "00:04:31", "text": "what we don't want to see is a repetition of this where both October and November were uh were red and"}, {"start": "00:04:31", "end": "00:04:37", "text": "November in this case was 36% red. Uh can November be bullish? I mean anything can happen because seasonality generally"}, {"start": "00:04:37", "end": "00:04:44", "text": "in Bitcoin we just have so little data. I mean we have like 10 years of of uh history. It's not a lot in the grand"}, {"start": "00:04:44", "end": "00:04:52", "text": "scheme of things. It's not too much. It's not too many data points. Uh but November is only 30% through. A lot can"}, {"start": "00:04:52", "end": "00:04:57", "text": "happen. A lot can happen. And hopefully not in this direction instead to the bullish direction. But still a lot can"}, {"start": "00:04:57", "end": "00:05:03", "text": "happen and um uh within November we should see a resolution of uh whatever"}, {"start": "00:05:03", "end": "00:05:09", "text": "Bitcoin is trying to do now whether it is breaking down the 50 week or not. Now guys uh on the daily on the daily there"}, {"start": "00:05:09", "end": "00:05:14", "text": "is a bit of bright light. It's very very faint but it's it's there. It's there."}, {"start": "00:05:14", "end": "00:05:20", "text": "Technically we're now bullish on the on the daily. If you go back to if you go"}, {"start": "00:05:20", "end": "00:05:29", "text": "to the lower time frame on the daily, we are now technically bullish. Uh and here we need to have this bull trend overtake"}, {"start": "00:05:29", "end": "00:05:36", "text": "this high, this previous high for us to reverse the the series of lower lows,"}, {"start": "00:05:36", "end": "00:05:43", "text": "lower highs into higher low and a higher high because as we've seen currently daily as it's a it's a lower time frame"}, {"start": "00:05:43", "end": "00:05:49", "text": "so it catches all of these counter trend moves like you have a bare trend here"}, {"start": "00:05:49", "end": "00:05:57", "text": "since the 8th of October and so whenever you have a bare trend It always has a few days of bull move, a counter trend"}, {"start": "00:05:57", "end": "00:06:02", "text": "rally basically. And so this is what the bull trend captured here and then we continue down and now we have a new bull"}, {"start": "00:06:02", "end": "00:06:09", "text": "trend. What we don't want it to be is just another counter trend rally that just goes like this. Okay, ideally we"}, {"start": "00:06:09", "end": "00:06:15", "text": "need to close uh a trend above this high right here and then maybe we have a"}, {"start": "00:06:15", "end": "00:06:22", "text": "small bare trend and then it's now the bare trend is the counter counter trend rally. Okay. So, this is on a daily uh"}, {"start": "00:06:22", "end": "00:06:28", "text": "on the daily time frame. Uh this bull trend normally will will last between 5"}, {"start": "00:06:28", "end": "00:06:33", "text": "to 20 days. We're we're now in day two. So, yeah, until the end of this week,"}, {"start": "00:06:33", "end": "00:06:38", "text": "for sure, we should be within this green uh green band. For sure. For sure. Probabilistically, nothing is for sure,"}, {"start": "00:06:38", "end": "00:06:46", "text": "but probabilistically, we should be within this green band. And then we'll see what Bitcoin wants to do, whether it wants to run here or or go down. But"}, {"start": "00:06:46", "end": "00:06:53", "text": "from a riskreward reward perspective now my plan is that we are approximately 70%"}, {"start": "00:06:53", "end": "00:06:59", "text": "in the market approximately 30% out of the market. If we close below 50week moving average guys I will take another"}, {"start": "00:06:59", "end": "00:07:06", "text": "5% from the market. If we close the weekly below 50 week moving average that's the that's the current plan. Then"}, {"start": "00:07:06", "end": "00:07:14", "text": "if we are to look at um other stuff let's look at um Zcash. Zcash has a big"}, {"start": "00:07:14", "end": "00:07:19", "text": "fat correction and it actually went into bare trend. So this is where if you are in bull mania, if you are following the"}, {"start": "00:07:19", "end": "00:07:26", "text": "mechanical rules, this would be the time to trigger the uh the on the daily, it"}, {"start": "00:07:26", "end": "00:07:32", "text": "would be the time to trigger the daily bare flip. Okay. Uh if you're if you're trading on the daily, on the weekly,"}, {"start": "00:07:32", "end": "00:07:37", "text": "let's check the weekly. Is it also on the weekly? We still have a bit of room here before the uh bare flip happened."}, {"start": "00:07:37", "end": "00:07:44", "text": "But on the daily, the bare flip did happen already. And uh we need we still need to close the day. But if it closes"}, {"start": "00:07:44", "end": "00:07:52", "text": "like this, if it closes like this, then that's a that's a signal to trigger the the sequence or the bare flip. If uh we"}, {"start": "00:07:52", "end": "00:08:01", "text": "pump back today into this uh bull territory, it needs to close basically above 500, which it could still do. Then"}, {"start": "00:08:01", "end": "00:08:06", "text": "um we do nothing. But if it is below, then it's time to trigger the sequence."}, {"start": "00:08:06", "end": "00:08:12", "text": "And if you want to learn yourself about the mechanical rules, what the mechanical rules are, um, learn how you"}, {"start": "00:08:12", "end": "00:08:17", "text": "can trade any asset, any time frame, and how you can be good no matter what the asset does because you're here to"}, {"start": "00:08:17", "end": "00:08:24", "text": "capture the trend in whatever position, in whatever direction, uh, then use the link below and sign up for"}, {"start": "00:08:24", "end": "00:08:30", "text": "bullmania.com. It's a link that says get trained by me. click that because here's a great example where if you are trading"}, {"start": "00:08:30", "end": "00:08:36", "text": "on the daily h you need to ensure that uh you're not part of the big downward"}, {"start": "00:08:36", "end": "00:08:44", "text": "trend which will happen at some point in all alts all alts they move in big trend up and then big trend down and our job"}, {"start": "00:08:44", "end": "00:08:51", "text": "is to capture the big trend up like we've been doing with Zcash basically since um 30ish dollars or so and uh"}, {"start": "00:08:51", "end": "00:08:59", "text": "avoid the big big big downward trend which will happen at some point with with most coins. So check that. Uh then"}, {"start": "00:08:59", "end": "00:09:05", "text": "also you have u sui doing very very poorly on the daily. Very very poorly on"}, {"start": "00:09:05", "end": "00:09:10", "text": "the daily. This has been I mean this has been a risk up here basically since uh"}, {"start": "00:09:10", "end": "00:09:16", "text": "uh since this big uh dump here. And this is why money line is so important. Mechanical rules are so important"}, {"start": "00:09:16", "end": "00:09:21", "text": "because uh yeah we're actually now kind of where this crazy crazy liquidation"}, {"start": "00:09:21", "end": "00:09:28", "text": "week happened. We're now trading kind of at it or below it. You see last few days we actually traded below it also. Uh"}, {"start": "00:09:28", "end": "00:09:35", "text": "this was crazy. You know people were losing their minds here. But now you know a month later people are kind of"}, {"start": "00:09:35", "end": "00:09:41", "text": "used to it. The frog is boiled. Their brains are are boiled. Meaning that now this price kind of looks okay to them."}, {"start": "00:09:41", "end": "00:09:46", "text": "They got used to it. But it's very bad price. I mean this is horrible price. So"}, {"start": "00:09:46", "end": "00:09:52", "text": "don't touch it until we turn bullish on the daily. We sue it. And on the weekly"}, {"start": "00:09:52", "end": "00:09:58", "text": "on the weekly story is kind of similar. uh on the weekly it broke um to the bear"}, {"start": "00:09:58", "end": "00:10:04", "text": "here back in at the end of October and um yeah so it has been a bit disappointing since it never really"}, {"start": "00:10:04", "end": "00:10:09", "text": "established itself above $4 since then has been uh not doing too great and then"}, {"start": "00:10:09", "end": "00:10:14", "text": "it broke bear so that's a big big signal uh let's see let's see guys you can also"}, {"start": "00:10:14", "end": "00:10:22", "text": "write what coins you want we're going to go into Q&A there you can write any coin you want we'll check it let's check Ethan soul also ETH man right on the"}, {"start": "00:10:22", "end": "00:10:29", "text": "edge right dancing right on the edge kind of wants to go towards the downside, but uh still getting saved"}, {"start": "00:10:29", "end": "00:10:34", "text": "over and over and over again by the money line flip here at 3500. But um"}, {"start": "00:10:34", "end": "00:10:42", "text": "yeah, this one is um keep an eye and if it turns into bearish on the weekly, it is time to execute the the bearish"}, {"start": "00:10:42", "end": "00:10:48", "text": "sequence, the bare flip sequence because it is not too much strength. When you look at the chart, it's u it's not too"}, {"start": "00:10:48", "end": "00:10:55", "text": "much strength. Sana even more so. This actually isn't a confirmed um true downward trend on on the weekly. So"}, {"start": "00:10:55", "end": "00:11:02", "text": "basically guys, wherever you look, it is either in a bare trend or kind of wants to go to a bare trend on the on the"}, {"start": "00:11:02", "end": "00:11:09", "text": "weekly and on the daily in all coins. So that's why in the weekly report we sent to the bullmania members, I said that"}, {"start": "00:11:09", "end": "00:11:14", "text": "I'm not really touching all coins at all currently. I mean Zcash was the only one, but now it's kind of bearish on"}, {"start": "00:11:14", "end": "00:11:21", "text": "daily. Let's see what's going to happen if it will recover on weekly. still okay. But if it loses weekly, it's it's"}, {"start": "00:11:21", "end": "00:11:26", "text": "going to be a signal for us. I mean, story HTTPS and the Bitcoin is HTCP, all"}, {"start": "00:11:26", "end": "00:11:32", "text": "of the tech is great, but if it's bearish on weekly, man, I mean, I can I cannot I cannot help much. I cannot We"}, {"start": "00:11:32", "end": "00:11:38", "text": "look at the chart. We trade the chart. If it's bearish on weekly, I cannot help much. So, all currently are not in a"}, {"start": "00:11:38", "end": "00:11:46", "text": "good riskreward situation. They're fighting an uphill battle. Uh a big fat uphill b uphill battle. So it's better"}, {"start": "00:11:46", "end": "00:11:54", "text": "to stay in Bitcoin mainly in Bitcoin and there also it's important to be a bit conservative because uh as you see we"}, {"start": "00:11:54", "end": "00:12:03", "text": "have a lot of good news is not pumping. So preserving protecting capital we've built up uh from 2023 is the key key key"}, {"start": "00:12:03", "end": "00:12:10", "text": "key thing. Uh but as always towards the end of 2026 basically end of next year"}, {"start": "00:12:10", "end": "00:12:16", "text": "and 2027 we should start the uh the the we should feel the market should feel"}, {"start": "00:12:16", "end": "00:12:23", "text": "the effects of new liquidity getting deployed which will start getting deployed already in December when the"}, {"start": "00:12:23", "end": "00:12:30", "text": "Fed ends QT that's number one then the new Fed share is in May next May so long"}, {"start": "00:12:30", "end": "00:12:36", "text": "long term Bitcoin will go to 1 million bucks especially as no one canled the"}, {"start": "00:12:36", "end": "00:12:43", "text": "printing. Everything is is really positioned for Bitcoin to take over within the coming years. But right here,"}, {"start": "00:12:43", "end": "00:12:50", "text": "right now where we're at, uh the the weaknesses are in the chart in all coins and Bitcoin, I mean, you see yourself,"}, {"start": "00:12:50", "end": "00:12:55", "text": "it's it's it needs to show us. It needs where's the sign of life? It needs to show us. So, we remain we remain"}, {"start": "00:12:55", "end": "00:13:01", "text": "conservative. We remain um uh positioned in a way where we have the risks. If it"}, {"start": "00:13:01", "end": "00:13:08", "text": "continues up, great. We still have 70% in the market. If it doesn't continue, it goes below 50 week moving average."}, {"start": "00:13:08", "end": "00:13:15", "text": "It's another signal for us to derisk even more and we have no problem doing that. Now look here. Many people are"}, {"start": "00:13:15", "end": "00:13:20", "text": "confused. How can we see such weakness? How can we see such weakness when the"}, {"start": "00:13:20", "end": "00:13:26", "text": "retail is not here? No one is searching for crypto. No one is searching for Bitcoin. You look at Google Trends,"}, {"start": "00:13:26", "end": "00:13:33", "text": "crypto is fully fully dead. No, no one is looking for it. And that's actually"}, {"start": "00:13:33", "end": "00:13:40", "text": "from if you look from a sentiment perspective, this is normally uh a good thing when no one cares about an asset."}, {"start": "00:13:40", "end": "00:13:46", "text": "It's a good thing. Uh the other part of the equation that also needs to be true"}, {"start": "00:13:46", "end": "00:13:52", "text": "is people normally have to be wrecked and destroyed. Okay, people need to also"}, {"start": "00:13:52", "end": "00:13:57", "text": "lose hope. Currently the reason why we see the sentiment low not necessarily"}, {"start": "00:13:57", "end": "00:14:02", "text": "that many people have been destroyed yet because Bitcoin is still above 100K 105."}, {"start": "00:14:02", "end": "00:14:11", "text": "So the price for Bitcoin at least is still not in some kind of panic mode. It's still quite u quite strong. Uh but"}, {"start": "00:14:11", "end": "00:14:16", "text": "if you have the coupling of low sentiment and prices are absolutely"}, {"start": "00:14:16", "end": "00:14:21", "text": "wrecked it is a sign. It is a sign. Based on that sign, we still don't trade"}, {"start": "00:14:21", "end": "00:14:28", "text": "because these signs are very subjective. You cannot trade on a sign. Instead, we trade on the chart confirmation. When"}, {"start": "00:14:28", "end": "00:14:34", "text": "trends shift, that's when we trade. We cannot trade. I mean, this is not tradable thing. This is not tradable thing because you cannot make it"}, {"start": "00:14:34", "end": "00:14:40", "text": "consistent. You cannot be disciplined. Where do you set stop loss? You don't know. So, we always trade based on"}, {"start": "00:14:40", "end": "00:14:45", "text": "chart. But yes indeed if you have the charts being uh um wrecked depressing"}, {"start": "00:14:45", "end": "00:14:51", "text": "and then they start moving violently up and at the same time you see the sentiment is down just another signal to"}, {"start": "00:14:51", "end": "00:14:58", "text": "confirm the uh the bullish bias does that. Anyway guys we have a lot to discuss. Welcome everyone who is watching live big shout out to Guzman"}, {"start": "00:14:58", "end": "00:15:04", "text": "who is time stamping us today. I will give you bullish. I will give you bullish. I know people want bullish"}, {"start": "00:15:04", "end": "00:15:10", "text": "like why why so bearish? Give us bullish. Bullish, bullish, bullish, bullish is coming right after this"}, {"start": "00:15:10", "end": "00:15:18", "text": "introduction. Big fat shout out to Guzman for time stamping. Smash up the like to 4,000 likes as soon as possible."}, {"start": "00:15:18", "end": "00:15:25", "text": "Also, check out the links below for weeks for Pionex. I know on Pioneex, you do get sign up bonus to do the the bots,"}, {"start": "00:15:25", "end": "00:15:30", "text": "the grid bots. You can find tutorials below and also on Bit Unix, you get nice"}, {"start": "00:15:30", "end": "00:15:37", "text": "signup bonus on weeks, you get nice signup bonus. I mean basically everything below you get fantastic fantastic fantastic nice signup bonus if"}, {"start": "00:15:37", "end": "00:15:44", "text": "you are trading and soon if it is the case if it is the case that Bitcoin does"}, {"start": "00:15:44", "end": "00:15:49", "text": "break below 50 moving average um it will be our next uh our next signal to the"}, {"start": "00:15:49", "end": "00:15:56", "text": "risk if it is the case that we start pumping violently to the upside obviously we will stop start being more"}, {"start": "00:15:56", "end": "00:16:01", "text": "bullish as well we will not redeploy the capital that we have taken out is a common question I get will you redeploy"}, {"start": "00:16:01", "end": "00:16:08", "text": "when redeploy No, we will not redeploy because if you redeploy in a situation like this when we're so late in the for"}, {"start": "00:16:08", "end": "00:16:15", "text": "cycle, what normally will happen is that you will redeploy into another uh another top because even if we rebound,"}, {"start": "00:16:15", "end": "00:16:23", "text": "okay, what's next? We will go to 130 like what's the um what's the target here? Uh because many people redeployed"}, {"start": "00:16:23", "end": "00:16:28", "text": "in 2021. They redeployed into this thing right here. You don't want to redeploy"}, {"start": "00:16:28", "end": "00:16:34", "text": "into this thing. Instead, the redeployment will happen next time. Bitcoin is in a bare trend on the"}, {"start": "00:16:34", "end": "00:16:40", "text": "weekly, which will happen. Nothing goes up forever in a in a straight line. And when that bear goes to bull, that's the"}, {"start": "00:16:40", "end": "00:16:45", "text": "time to redeploy. That's the time to redeploy. Uh this is why we only"}, {"start": "00:16:45", "end": "00:16:52", "text": "redeployed here during the 2023 times and we will do it again uh when the BAN"}, {"start": "00:16:52", "end": "00:16:58", "text": "flips to uh to bull next time. So that's the plan. Uh and uh to execute the plan,"}, {"start": "00:16:58", "end": "00:17:03", "text": "you need discipline. You need to be you need to control your greed because currently we have approximately 70% in"}, {"start": "00:17:03", "end": "00:17:11", "text": "the market. So you need to be fine with riding the market with 70% and not with 100%. But this way you have limited"}, {"start": "00:17:11", "end": "00:17:17", "text": "downside always limited downside. We always protect the downside but the upside is unlimited because you still"}, {"start": "00:17:17", "end": "00:17:24", "text": "have exposure to the market. So the market goes to 500 quadrillion it is unlimited. But guys let's go to some"}, {"start": "00:17:24", "end": "00:17:29", "text": "bullishness. Let me show show you some bullishness and why long long term long"}, {"start": "00:17:29", "end": "00:17:35", "text": "long term especially towards the end of uh 2026 when the liquidity will uh will"}, {"start": "00:17:35", "end": "00:17:42", "text": "hit the the the markets will hit the order books and really start propagating uh I'm extremely extremely extremely"}, {"start": "00:17:42", "end": "00:17:48", "text": "confident that we will try to go for the 1 million bucks uh target. This is Jack"}, {"start": "00:17:48", "end": "00:17:54", "text": "Mullers. He has a treasury company and he wants Bitcoin to go up and he's fully correct in what he's going to say here."}, {"start": "00:17:54", "end": "00:18:00", "text": "listen listens here. It listen, it is what it is. And and"}, {"start": "00:18:00", "end": "00:18:06", "text": "this is so bullish for Bitcoin. They're going to have to print so much money. They're going to have to Bitcoin is"}, {"start": "00:18:06", "end": "00:18:13", "text": "really priced with how much fiat currency is slloshing around in the world. And in order for all of this to"}, {"start": "00:18:13", "end": "00:18:19", "text": "play out and work, we have to debase our currency. We have to devalue our debt."}, {"start": "00:18:19", "end": "00:18:26", "text": "And we have to create more fiat. It's going to send Bitcoin nuclear"}, {"start": "00:18:26", "end": "00:18:31", "text": "100%. And you all knew that already. You all knew that already. And uh it's it's"}, {"start": "00:18:31", "end": "00:18:37", "text": "always been correct also. It's always been correct also. Uh and no one has canceled that. So it's just a question"}, {"start": "00:18:37", "end": "00:18:44", "text": "of time. Guys, if you are in the US, tell us about the Mac R because I see now postings that Mac rib is coming"}, {"start": "00:18:44", "end": "00:18:51", "text": "back. But the thing is it's already came back. I saw this exact picture already maybe weeks ago. And yeah, this picture"}, {"start": "00:18:51", "end": "00:18:56", "text": "actually is from when Bitcoin was 120K. I see you know. So is M crib back now or"}, {"start": "00:18:56", "end": "00:19:02", "text": "where is it? Because according to this post, it has returned and you know my"}, {"start": "00:19:02", "end": "00:19:08", "text": "crib normally when it comes we pump. But I remember very clearly that in October like at the beginning beginning of"}, {"start": "00:19:08", "end": "00:19:16", "text": "October we did see uh MRI announcements come back and uh it never actually"}, {"start": "00:19:16", "end": "00:19:23", "text": "turned out to anything. It never actually turned out to we instead we did see the the decline in Bitcoin here and"}, {"start": "00:19:23", "end": "00:19:29", "text": "u that's where that's what took us towards the 98 um uh target but yeah"}, {"start": "00:19:29", "end": "00:19:38", "text": "listen if MRI actually now has come down come back it didn't come back yet it come back now maybe"}, {"start": "00:19:38", "end": "00:19:43", "text": "maybe it's a sign maybe it's a sign uh in if you are in the US because I I"}, {"start": "00:19:43", "end": "00:19:50", "text": "believe it's mainly the US that that is having that let us know als Also some news you have now uh Jack Jack uh Jack"}, {"start": "00:19:50", "end": "00:19:57", "text": "what's his name from Twitter I forgot his name. Jack Dorsey man. Jack Dorsey. Uh he's now introducing Bitcoin to"}, {"start": "00:19:57", "end": "00:20:03", "text": "Square. So if you are a Square merchant now you can get paid in Bitcoin. Very"}, {"start": "00:20:03", "end": "00:20:08", "text": "very nice more uh merchant adoption. If we look at fear and greed, uh this is"}, {"start": "00:20:08", "end": "00:20:18", "text": "also potentially bullish from the fear and greed the perspective because we did hit a fear here um a few days ago at 21"}, {"start": "00:20:18", "end": "00:20:25", "text": "or so. Since then, we're now back towards 31. Let's check the ETF inflow."}, {"start": "00:20:25", "end": "00:20:31", "text": "By the way, fear and greed is nice number to look at, but it's not tradable. Some people they they try to"}, {"start": "00:20:31", "end": "00:20:37", "text": "trade fear and it's not tradable. What is tradable is the chart. It is when trends shift. It is when the price"}, {"start": "00:20:37", "end": "00:20:42", "text": "changes because this fear and greed the how you trade it. Uh where is the stop loss? Again there are many things that"}, {"start": "00:20:42", "end": "00:20:50", "text": "are infotainment in crypto which are interesting as a confirmation signal but not as a trade signal. Uh to to do"}, {"start": "00:20:50", "end": "00:20:56", "text": "trades based on you know fear and greed or what was the other thing we just discussed? Uh oh yeah like the uh Google"}, {"start": "00:20:56", "end": "00:21:02", "text": "searches it's not tradable. It's infotainment. It's nice as a secondary"}, {"start": "00:21:02", "end": "00:21:07", "text": "signal, but only the chart and what the chart shows is tradable. If you have"}, {"start": "00:21:07", "end": "00:21:13", "text": "fear very very high, but the chart is weak, for example, uh you can being"}, {"start": "00:21:13", "end": "00:21:21", "text": "bullish is is foolish in that situation. If you have uh the fear and greed being low and um"}, {"start": "00:21:21", "end": "00:21:28", "text": "and the chart is uh is starting to become strong, that's good. That's good. But if the fear and grid is low and uh"}, {"start": "00:21:28", "end": "00:21:34", "text": "you have the chart also being weak being bullish is foolish in that situation. In"}, {"start": "00:21:34", "end": "00:21:40", "text": "that situation um so yeah hope that makes sense. Um let's check the ETF flow"}, {"start": "00:21:40", "end": "00:21:47", "text": "and then we'll go to Q&A. Where is it? It's here and it's here and we refresh."}, {"start": "00:21:48", "end": "00:21:53", "text": "We now have what is this? 1.2"}, {"start": "00:21:53", "end": "00:22:01", "text": "million inflow. Wow. I've never seen this. Uh so basically the ETF either it's a bug on this website or the ETF is"}, {"start": "00:22:01", "end": "00:22:07", "text": "uh wow it's fully flat then so no one has done anything. Sometimes I wonder if"}, {"start": "00:22:07", "end": "00:22:14", "text": "this data is correct like in this ETFs here for example and here and here no one has sold or bought anything. Not a"}, {"start": "00:22:14", "end": "00:22:20", "text": "single dollar is just zero. It looks so weird. Can can this be true? They need"}, {"start": "00:22:20", "end": "00:22:26", "text": "to check the data for this website. like this four ETFs is always zero zero zero"}, {"start": "00:22:26", "end": "00:22:31", "text": "how can it be like that zero zero meaning that no one bought or like there"}, {"start": "00:22:31", "end": "00:22:37", "text": "is zero trading or maybe it's like $100 so it doesn't even show here because it's like 0 because it's in millions"}, {"start": "00:22:37", "end": "00:22:44", "text": "maybe it's so small but look here uh you did see 1.2 million inflows that's"}, {"start": "00:22:44", "end": "00:22:50", "text": "something so so we got 1.2 two in this one, but everything else is zero. Meaning that people didn't sell, didn't"}, {"start": "00:22:50", "end": "00:22:56", "text": "buy, just or they bought, but it was so small in comparison to a million that it's not even that it's not even showing"}, {"start": "00:22:56", "end": "00:23:02", "text": "here. But uh something is weird with these figures. Um this website everyone"}, {"start": "00:23:02", "end": "00:23:07", "text": "using for inflow. It it does seem a bit fishing. How how can be zero? Basically,"}, {"start": "00:23:07", "end": "00:23:13", "text": "no one is buying, no one is selling. And okay it is in millions but even 100k you"}, {"start": "00:23:13", "end": "00:23:21", "text": "know 100k for an ETF is like nothing. So 0.1 million should be showing here. I mean they they must have mass more"}, {"start": "00:23:21", "end": "00:23:27", "text": "volume and more inflow outflow net than than 100 cat at least. We should be able"}, {"start": "00:23:27", "end": "00:23:33", "text": "to see some you know 0.1.2 or something. Um so yeah if someone knows exactly why"}, {"start": "00:23:33", "end": "00:23:40", "text": "the hell especially these four are always zero let us know. Well guys, on this note, let's go to uh questions,"}, {"start": "00:23:40", "end": "00:23:48", "text": "answers, debates, discussions. Uh big shout out, big shout out to Guzman for time something else. Number one,"}, {"start": "00:23:48", "end": "00:23:55", "text": "smash up the like as soon as possible. Number two, and let me know in the comment section how your position, what"}, {"start": "00:23:55", "end": "00:24:00", "text": "is your position? Because every day there are endless bullish news, bearish"}, {"start": "00:24:00", "end": "00:24:07", "text": "news is all about how we position. What's the positioning? How do we take"}, {"start": "00:24:07", "end": "00:24:13", "text": "all of this and how do we create a position and a plan? I've shared my plan. Looking forward to hearing your"}, {"start": "00:24:13", "end": "00:24:20", "text": "plan. And now let's go to Q&A, questions, answers, debates, discussions."}, {"start": "00:24:27", "end": "00:24:33", "text": "They don't report to this. But they should report. I mean, this site is taking the the data from the from the"}, {"start": "00:24:33", "end": "00:24:39", "text": "stock market. So it should be it should be in one way or another possible to see"}, {"start": "00:24:39", "end": "00:24:42", "text": "this numbers"}, {"start": "00:24:46", "end": "00:24:56", "text": "money line weekly and daily on spx69. Are do you have spx69 man?"}, {"start": "00:24:56", "end": "00:25:05", "text": "Math. Why you have it? Man, why you have it? Why you have it?"}, {"start": "00:25:05", "end": "00:25:12", "text": "It went bearish here. Oh, man. I'm sorry, man. It's It's not good, man."}, {"start": "00:25:12", "end": "00:25:21", "text": "When something is bearish on weekly, guys, it's not a joke. Like, it is not a joke. It's not a joke. It's not a joke."}, {"start": "00:25:21", "end": "00:25:28", "text": "It's not a joke. Save your It's crazy. I mean, people blow so much money in this market. They lose so much. They lose I"}, {"start": "00:25:28", "end": "00:25:34", "text": "mean, they lose hundreds of thousands of dollars in some cases, millions in some cases."}, {"start": "00:25:34", "end": "00:25:40", "text": "And uh instead of learning trading for real, instead of uh understanding what"}, {"start": "00:25:40", "end": "00:25:46", "text": "they're doing, respecting their capital, protecting the money because we've made"}, {"start": "00:25:46", "end": "00:25:51", "text": "a lot since 2023. No, they they don't want to do it. They don't want to hear that. Go on a bull"}, {"start": "00:25:51", "end": "00:25:56", "text": "bull bull. I miss yourself. And here it was a bit of support here. You remember we even drew this line some days ago,"}, {"start": "00:25:56", "end": "00:26:03", "text": "weeks ago. And bam, now ah man. This is why I'm I I mean I keep repeating the mechanical rules. I keep repeating the"}, {"start": "00:26:03", "end": "00:26:08", "text": "money line. I keep repeating repeat repeating to click the link below for bull mania to to learn to understand the"}, {"start": "00:26:08", "end": "00:26:14", "text": "mechanical rules because it I mean it's crazy guys. I mean it's quite insane how much people are losing and just to take"}, {"start": "00:26:14", "end": "00:26:21", "text": "you know 20 minutes of your day which takes to watch that video below in the training literally can save you uh"}, {"start": "00:26:21", "end": "00:26:27", "text": "millions of dollars and make you millions of dollars. Also on the daily guys it's not looking too great either."}, {"start": "00:26:27", "end": "00:26:33", "text": "It it is this classic. This is what I don't want Bitcoin to do guys. On the daily you have big bare trend, small"}, {"start": "00:26:33", "end": "00:26:39", "text": "bull trend. Big bare trend, small bull trend. Big bare trend, small. So this is what Bitcoin needs to avoid now on the"}, {"start": "00:26:39", "end": "00:26:45", "text": "daily because on the daily it just entered into a bull trend. Uh but if"}, {"start": "00:26:45", "end": "00:26:52", "text": "it's just a small one, it's just a counter trend rally. It's not um useful on a big picture. It's can still be"}, {"start": "00:26:52", "end": "00:26:58", "text": "useful to trade. I mean, let's say this bull trend, you can still trade like this move and then get out. But uh for"}, {"start": "00:26:58", "end": "00:27:04", "text": "for a big move reversal, this is not good. We don't want Bitcoin to do something like this. We want Bitcoin to"}, {"start": "00:27:04", "end": "00:27:09", "text": "if it enters a bull trend, it needs to go above the previous high. So this is what we discussed with Bitcoin today."}, {"start": "00:27:09", "end": "00:27:12", "text": "Yeah,"}, {"start": "00:27:16", "end": "00:27:21", "text": "you never talk about XRP. Why you not like Well, actually, we have XRP in our"}, {"start": "00:27:21", "end": "00:27:27", "text": "uh Bull Mania money scanner. We have all of the coins. So, uh, why not talk? I"}, {"start": "00:27:27", "end": "00:27:34", "text": "mean, I don't have too much XRP myself. I'm not, um, yeah, I mean, I cannot have all coins. I cannot have the entire"}, {"start": "00:27:34", "end": "00:27:42", "text": "crypto market cap. XRP on the weekly still holding holding in there. It is bearish now. So, be careful. It may take"}, {"start": "00:27:42", "end": "00:27:47", "text": "the elevator down here. You need to, if you have XRP, be wor be"}, {"start": "00:27:47", "end": "00:27:54", "text": "worried about this elevator. This is something I can tell you because if it starts breaking here, it's going to come"}, {"start": "00:27:54", "end": "00:28:01", "text": "here. Okay. uh and not to spread fat but just you know looking at it uh if it starts"}, {"start": "00:28:01", "end": "00:28:08", "text": "breaking into a bare trend don't get surprised if it goes here it will not go there in a in a instant it will it will"}, {"start": "00:28:08", "end": "00:28:15", "text": "take time but uh don't get surprised don't get surprised at all but u yeah I mean all in all so far so far it looks"}, {"start": "00:28:15", "end": "00:28:22", "text": "quite okay it hasn't broken down it's still using you know this previous price levels as support here so looks quite"}, {"start": "00:28:22", "end": "00:28:27", "text": "okay still uh but what is your riskreward here because the chart is not"}, {"start": "00:28:27", "end": "00:28:32", "text": "fantastic. Like it looks okay. It looks okay, but but um this is the risk you"}, {"start": "00:28:32", "end": "00:28:39", "text": "have. Okay, you need to know that. And the reward, what's the upside? You think it's going to go to $5? You need to ask"}, {"start": "00:28:39", "end": "00:28:44", "text": "what's reward? What's reward? You think it's just going to retest the the highs here and that's it? Because the risk is"}, {"start": "00:28:44", "end": "00:28:50", "text": "quite clear here. It's it it would just go back to November 2024. It wasn't that"}, {"start": "00:28:50", "end": "00:28:56", "text": "long long ago that that we had this prices of 0.5. So it wasn't that long"}, {"start": "00:28:56", "end": "00:29:02", "text": "ago. So it wouldn't if you zoom out and you think it wouldn't be too crazy if we just return to November. Uh but what is"}, {"start": "00:29:02", "end": "00:29:09", "text": "your riskreward is up to you. I personally don't see too much riskreward currently in all. That's why I don't"}, {"start": "00:29:09", "end": "00:29:15", "text": "really touch them. Currently the all is not really my my cup of tea currently."}, {"start": "00:29:15", "end": "00:29:21", "text": "Uh maybe it's going to change as Bitcoin um breaks to the upside. But this is the kind of question many alts have. The"}, {"start": "00:29:21", "end": "00:29:27", "text": "downside is massive in many cases. And it's not only XRP, it's many alts that are like that where you have the"}, {"start": "00:29:27", "end": "00:29:32", "text": "downside pretty big, but the upside is what is the upside? Like you think where do you"}, {"start": "00:29:32", "end": "00:29:37", "text": "think it's going to go to five or where? Um and"}, {"start": "00:29:37", "end": "00:29:44", "text": "I I see this is the equation that is currently hard to make sense of. Now let's say Bitcoin snaps to 120."}, {"start": "00:29:44", "end": "00:29:49", "text": "um XRP snaps to 3.1. Obviously, the situation would be different if Bitcoin"}, {"start": "00:29:49", "end": "00:29:56", "text": "has shown us that it wants to pump and XRP now is also in a bull trend on the weekly. It's above 3.1. Uh then yeah, I"}, {"start": "00:29:56", "end": "00:30:03", "text": "mean now riskreward is better because um it's the bulls are here. You're you are within a bull trend within a bull"}, {"start": "00:30:03", "end": "00:30:09", "text": "narrative within a bull um bull tide. I say tide tide float or"}, {"start": "00:30:09", "end": "00:30:16", "text": "floats or both. So that it can definitely change. I'm not saying it cannot change. Uh everything is can be"}, {"start": "00:30:16", "end": "00:30:22", "text": "revised. All of the opinions can be revised if the market changes. But based on where the market is currently, where Bitcoin itself doesn't really know"}, {"start": "00:30:22", "end": "00:30:31", "text": "whether it wants to pump or dump. Looking at it, seeing the downside, not seeing the upside. This is my verdict."}, {"start": "00:30:31", "end": "00:30:37", "text": "So the verdict would be to uh to be super careful and the scale out and uh"}, {"start": "00:30:37", "end": "00:30:45", "text": "yeah be conservative because it is in bearish trend. The downside is quite big. The upside, I don't know the upside. You you tell you tell me"}, {"start": "00:30:47", "end": "00:30:53", "text": "instead if you have Bitcoin let's say you you and by the way let's let's check XRP Bitcoin that's actually"}, {"start": "00:30:53", "end": "00:31:00", "text": "if you have Bitcoin you still have upside to the to the move um in case it"}, {"start": "00:31:00", "end": "00:31:05", "text": "wants in case crypto as a whole wants to do a move uh but you the downside is way"}, {"start": "00:31:05", "end": "00:31:11", "text": "smaller way smaller so versus Bitcoin XRP historically has been in in a"}, {"start": "00:31:11", "end": "00:31:20", "text": "downward trend. But lately, basically since this pump here in November, we do see a bit of a recovery into this range."}, {"start": "00:31:20", "end": "00:31:26", "text": "Not a breakout from the range, just you know, back from range low to range high here."}, {"start": "00:31:26", "end": "00:31:31", "text": "Uh yeah, so you can easily go to range low again. Let's continue."}, {"start": "00:31:31", "end": "00:31:36", "text": "Will it start trending up versus Bitcoin? That's basically what you need to bet on now because it's kind of"}, {"start": "00:31:36", "end": "00:31:43", "text": "around the range highs versus Bitcoin. So your bet if you're bullish XRP, you hold XRP"}, {"start": "00:31:43", "end": "00:31:49", "text": "um then you're betting that it's going to like outperform Bitcoin do something like this. Could you do it? I mean"}, {"start": "00:31:49", "end": "00:31:57", "text": "possible possible and I wouldn't bet on it now. If it is the case that we see alts return then um situation would be"}, {"start": "00:31:57", "end": "00:32:03", "text": "different but now it's time to preserve the capital that we earn from 2023. Very"}, {"start": "00:32:03", "end": "00:32:09", "text": "important. Very important."}, {"start": "00:32:09", "end": "00:32:15", "text": "Uh, what do you think about Caspad Dev? This and that. Um,"}, {"start": "00:32:15", "end": "00:32:22", "text": "what do you think about sun or what is it? Kaspa dev responds to"}, {"start": "00:32:22", "end": "00:32:27", "text": "what happened? What happened? Some drama. Let's check it. If it's some drama, we're going to check"}, {"start": "00:32:27", "end": "00:32:35", "text": "it. Kaspa Binance. I I haven't followed it. What happened? They want don't want to list U."}, {"start": "00:32:35", "end": "00:32:45", "text": "Oh, let's see. Let's see. Let's see guys. Let's see. Uh, Caspa founder Sam Pulinski rejects"}, {"start": "00:32:45", "end": "00:32:52", "text": "top 100 blockchain incre exchange promoting casino tokens. Yeah, I mean it's uh I wouldn't say it's unfair. They"}, {"start": "00:32:52", "end": "00:32:58", "text": "they they list all kinds of crap. Anyway, Binance, thanks for including me in top 100 blockchain people list."}, {"start": "00:32:58", "end": "00:33:04", "text": "Appreciate the signal. I must decline to Dubai invite. I do not wish disrespect but many of the award voters are avid"}, {"start": "00:33:04", "end": "00:33:10", "text": "Caspians who rooted for my Kaspa status at least as much as my research. What is"}, {"start": "00:33:10", "end": "00:33:16", "text": "Kaspa my Kaspa status? Okay, what does that mean? Rooted for my Kaspa status."}, {"start": "00:33:16", "end": "00:33:23", "text": "What? What do you mean? What is his how how did community root for the Oh, anyway, let them win or"}, {"start": "00:33:23", "end": "00:33:29", "text": "count me out, guys. I don't know. Maybe I'm I'm not"}, {"start": "00:33:29", "end": "00:33:38", "text": "awake here. I don't understand what he writes. Is this English? They rooted for my kaspa status. Let them win or count."}, {"start": "00:33:38", "end": "00:33:45", "text": "What? I don't understand. Anyway, crypto has turned from euphoric."}, {"start": "00:33:45", "end": "00:33:52", "text": "Where is the drama? Crypto has turned from euphoric cyberpunk project to a house friendly casino. Yes, you may not"}, {"start": "00:33:52", "end": "00:33:57", "text": "be the culprit, but as top player, you hold the lion share of the"}, {"start": "00:33:57", "end": "00:34:02", "text": "responsibility to correct this. Okay. So what what's happened? There are three class of cryptos. Mer put it recently."}, {"start": "00:34:02", "end": "00:34:10", "text": "Marshall crypto crypto, cyberpunk, Binance should follow the privilege policy for the latter. Exactly."}, {"start": "00:34:10", "end": "00:34:17", "text": "Yeah. So not too much drama, but um I think it makes sense. Listen, it's a lot of coins that uh that have been memes"}, {"start": "00:34:17", "end": "00:34:22", "text": "that have been useless. But see, Binance's job is to make money in whatever market environment that people"}, {"start": "00:34:22", "end": "00:34:30", "text": "trade. So they list whatever is trading and to be fair whatever makes uh makes the deal with Binance gives them tokens"}, {"start": "00:34:30", "end": "00:34:37", "text": "this and that. Ivan you skip the exactly what is the best part when Binance list frog three"}, {"start": "00:34:37", "end": "00:34:45", "text": "weeks post its launch but skips a fair launch. Yeah, you mean this one? Yeah. Yeah."}, {"start": "00:34:46", "end": "00:34:52", "text": "Yeah. Yeah. But what's the thesis for the green frog? Well, see the green frog makes deal with"}, {"start": "00:34:52", "end": "00:34:58", "text": "Binance. Likely likely. I mean allegedly. Allegedly. Allegedly, likely"}, {"start": "00:34:58", "end": "00:35:03", "text": "non-confirmedly the Green Frog founder is Chinese."}, {"start": "00:35:03", "end": "00:35:10", "text": "Uh he eats Baan. I'm I'm he comes to CZ, they eat ba banan together and then um"}, {"start": "00:35:10", "end": "00:35:16", "text": "he gives tokens to CZ CZ list. Perfect. That that's if you speak about the"}, {"start": "00:35:16", "end": "00:35:21", "text": "caricature, that's probably how it works. You have to be Yeah, I think to be on"}, {"start": "00:35:21", "end": "00:35:28", "text": "Binance, you have higher chance if you're a bit Chinese. Uh and uh if you can give coins to to"}, {"start": "00:35:28", "end": "00:35:33", "text": "them also. I think it's a bit higher chance. I mean, if I'm to guess if I don't know if I'm to guess allegedly,"}, {"start": "00:35:33", "end": "00:35:37", "text": "you know, nonconfirmedly."}, {"start": "00:35:39", "end": "00:35:48", "text": "So yeah, my my uh advice to Jonathan is to go China, eat bow ban, mingle and"}, {"start": "00:35:48", "end": "00:35:54", "text": "tingle with Binance team. Maybe it's going to happen. Maybe it's not. But listen, it's business. Crypto is business. You think you do a good coin,"}, {"start": "00:35:54", "end": "00:35:59", "text": "everyone's going to list you. Are you what are you in daycare? Are you three years old? It's not like that. It's not"}, {"start": "00:35:59", "end": "00:36:06", "text": "like that. You need to do business. Business. What's in it for me? What's in it for you? Binance. What's in it for me? I discussed what's in it for me."}, {"start": "00:36:06", "end": "00:36:13", "text": "Okay. Some traders. Okay. But frog gives me more. So if I have team, they can focus on the frog. We get more money."}, {"start": "00:36:13", "end": "00:36:21", "text": "Okay. Now um is it correct? Is it not correct? Let's see guys. But uh it's uh it is it"}, {"start": "00:36:21", "end": "00:36:26", "text": "is what it is. And no need to be no angry or whatever. It's business. It's"}, {"start": "00:36:26", "end": "00:36:33", "text": "business. Some other exchange should list should list Kasp and get the trading volume. So the free market should equalize it. I don't like the me"}, {"start": "00:36:33", "end": "00:36:42", "text": "personally I'm not a fan of the public crying too much. I don't like public crying. Instead, let's say that uh"}, {"start": "00:36:42", "end": "00:36:48", "text": "let's say you're Kaspa, okay? Binance doesn't want to list. Okay. Uh yeah. Well, go and work together with another"}, {"start": "00:36:48", "end": "00:36:53", "text": "exchange that wants to list. Push your traders to another exchange. Make Binance lose traders. Um it's free"}, {"start": "00:36:53", "end": "00:36:59", "text": "market. So I I'm not a fan person of this out uh loud crying against"}, {"start": "00:36:59", "end": "00:37:06", "text": "exchanges personally but um also I'm a bit uh uh I had a bad experience with a"}, {"start": "00:37:06", "end": "00:37:14", "text": "guy like five it was maybe eight years ago already he cried about Binance also u was a guy from a coin I don't even"}, {"start": "00:37:14", "end": "00:37:22", "text": "remember which oh digibite it was digubyte man it was crazy that that that was some drama so basically in 2018 I"}, {"start": "00:37:22", "end": "00:37:29", "text": "think it was 2018 or 2017 Digubite they really wanted to get listed on Binance but Binance did not list them because um"}, {"start": "00:37:29", "end": "00:37:36", "text": "probably because of business I mean to be fair probably because of the business business so the guy comes on my channel I I"}, {"start": "00:37:36", "end": "00:37:43", "text": "thought the guy was interesting to interview from Digibite he comes on my channel he he starts crying out Binance"}, {"start": "00:37:43", "end": "00:37:48", "text": "is not listing he's crying and crying we still do the interview I mean it was quite interesting interview nonetheless"}, {"start": "00:37:48", "end": "00:37:56", "text": "he spoke a bit about the digy tech this and that he's crying and crying Binance is not listing. Okay, then interview"}, {"start": "00:37:56", "end": "00:38:01", "text": "over. The next day I had CZ scheduled for interview the next day. The next"}, {"start": "00:38:01", "end": "00:38:09", "text": "day. Okay. I do CZ interview. We have CZ live on the show. This was 2018. Long time ago. Then that freaking Digibite"}, {"start": "00:38:09", "end": "00:38:15", "text": "guy, he starts attacking me online. He thought that because I did interview with him that I'm his friend and I and"}, {"start": "00:38:15", "end": "00:38:20", "text": "now we're going to work together against Binance. like that in his brain somehow"}, {"start": "00:38:20", "end": "00:38:26", "text": "he got this idea. He wasn't the smartest guy in the in the universe."}, {"start": "00:38:26", "end": "00:38:33", "text": "Um I mean if I'm to be so generous even to he wasn't the smartest uh but he"}, {"start": "00:38:33", "end": "00:38:39", "text": "thought anyway so he thought that because we did the interview I listened to him and they had that now we're like"}, {"start": "00:38:39", "end": "00:38:46", "text": "a team we're a team Ivan and Dig now we're going to go against CZ we're going to go against Binance. So since then,"}, {"start": "00:38:46", "end": "00:38:52", "text": "you know, and it became I had to block him like he he he he he went nuts. It was and you know on Twitter I don't want"}, {"start": "00:38:52", "end": "00:38:58", "text": "negativity on Twitter. I see negativity on Twitter. Boop. Delete. It's there is no negativity."}, {"start": "00:38:58", "end": "00:39:05", "text": "I I I have zero negativity on Twitter. So he started to go nuts. I had to block him. I don't remember what he's called."}, {"start": "00:39:05", "end": "00:39:11", "text": "But since then when I see people crying on exchange adjusting back to that guy"}, {"start": "00:39:11", "end": "00:39:19", "text": "and uh that's why per I'm not a fan personally of being against exchange obviously it is uh is it unethical this"}, {"start": "00:39:19", "end": "00:39:26", "text": "but it's business business do business with someone else there are many exchanges you don't need binance do"}, {"start": "00:39:26", "end": "00:39:31", "text": "business with someone else okay that's it that's"}, {"start": "00:39:35", "end": "00:39:41", "text": "Now I think that digit in the f in the f like not in the future like after that"}, {"start": "00:39:41", "end": "00:39:49", "text": "incident I think they got listed somehow anyway. So apparently they they didn't continue"}, {"start": "00:39:49", "end": "00:39:56", "text": "the fight. They didn't continue the holy fight that they wanted me to to do. So ah anyway uh oh by the way some news. We"}, {"start": "00:39:56", "end": "00:40:03", "text": "have some news. Uh unis swap is the only thing that really pumps today. Also arodron pumps a bit but unis swap did uh"}, {"start": "00:40:03", "end": "00:40:10", "text": "propose to turn on the fee switch actually shown here. So unis swap investors for the first time"}, {"start": "00:40:10", "end": "00:40:17", "text": "will be getting some utility or the uni because uh unis swap is going to introduce fees"}, {"start": "00:40:17", "end": "00:40:23", "text": "and u is going to get distributed to the token holders. Now the problem guys the"}, {"start": "00:40:23", "end": "00:40:30", "text": "problem is that u uh the the riskreward here for unis swap holders is how much"}, {"start": "00:40:30", "end": "00:40:37", "text": "is the unis swap website going to get in trades because as far as I understand the fee will be on the UI in unis swap"}, {"start": "00:40:37", "end": "00:40:42", "text": "website and unis swap is for me at least it's not the primary website I mean"}, {"start": "00:40:42", "end": "00:40:48", "text": "there are many other better ones you can go to cow swap is way better you can go to many other ones which are let's say"}, {"start": "00:40:48", "end": "00:40:55", "text": "aggregators they also have a theme and They also distribute it to their holders. But I don't think cow swap I I"}, {"start": "00:40:55", "end": "00:41:02", "text": "don't believe cow swap has a fee. There are some of these like OG websites like cow swap which are really for uh serious"}, {"start": "00:41:02", "end": "00:41:08", "text": "traders and uh normally serious traders don't want fee you know if you if you"}, {"start": "00:41:08", "end": "00:41:14", "text": "move larger amounts fee is not good even small fee in uh in dollar amounts it becomes so large that it doesn't make"}, {"start": "00:41:14", "end": "00:41:20", "text": "sense man to pay for what to use like a pink website. I don't care about the"}, {"start": "00:41:20", "end": "00:41:25", "text": "color, man. I have to be careful because you can also accidentally use a scam website."}, {"start": "00:41:25", "end": "00:41:31", "text": "But if you know which websites to use, like for example, cow swap, uh then"}, {"start": "00:41:31", "end": "00:41:39", "text": "moving from the unis swap website is not a problem. But anyway, the uh the pump is quite big for for unis swap. It's 60%"}, {"start": "00:41:39", "end": "00:41:45", "text": "in on the week and now it is um"}, {"start": "00:41:45", "end": "00:41:50", "text": "35% on the month and on the day it is 20%. So let's see if they can can can"}, {"start": "00:41:50", "end": "00:41:56", "text": "sustain it but uh the announcement is massive. I mean for the first time there is some use case to unis swap token uh"}, {"start": "00:41:56", "end": "00:42:01", "text": "because before it was just um voting but voting is a bit useless because the the"}, {"start": "00:42:01", "end": "00:42:08", "text": "company themselves and the foundation and their friends they they vote you don't vote they vote they have most coins but now potentially there's also"}, {"start": "00:42:08", "end": "00:42:15", "text": "going to be a bit of uh passive income by holding it. So uh yeah good stuff good stuff for unis swap good stuff for"}, {"start": "00:42:15", "end": "00:42:22", "text": "this INT industry that we now have an industry standard where uh protocol fees are shared and that it's not a security"}, {"start": "00:42:22", "end": "00:42:27", "text": "and unis swap doing it is a confirmation that they're not going to get in trouble. They feel that they are in a"}, {"start": "00:42:27", "end": "00:42:35", "text": "good spot legally. So I think as a signal is great very soon we're going to see most most uh tokens worth their name"}, {"start": "00:42:35", "end": "00:42:43", "text": "do revenue share and it's already started and uh you have hyperlquid pumpan ais swap is more or less now"}, {"start": "00:42:43", "end": "00:42:50", "text": "forced to do it because all other protocols that are good have a fee so that's important"}, {"start": "00:42:50", "end": "00:42:52", "text": "important"}, {"start": "00:43:05", "end": "00:43:14", "text": "They'll turn off interest fees. They say that in their blog it will be on the contract level. Ah, okay. Really?"}, {"start": "00:43:15", "end": "00:43:23", "text": "Yeah. I mean that that would make more sense. But then they need to concent concentrate all the liquidity. Let's actually check Pop. Uh"}, {"start": "00:43:23", "end": "00:43:28", "text": "let's check their their actual blog post what they wrote there."}, {"start": "00:43:30", "end": "00:43:40", "text": "Let's check this game. So uni launch this and that the pro is turn on protocol fee."}, {"start": "00:43:41", "end": "00:43:46", "text": "Yeah. I mean on on the on the smart contract um level"}, {"start": "00:43:46", "end": "00:43:50", "text": "it does make more sense"}, {"start": "00:43:56", "end": "00:44:04", "text": "and yeah it's going to be interest to see how how defensible it is maybe it is defensible that all liquidity is aggregated there and"}, {"start": "00:44:04", "end": "00:44:11", "text": "build product yeah Okay."}, {"start": "00:44:14", "end": "00:44:22", "text": "So, they're going to start with uh V2 pools and a set of V3 pools that make"}, {"start": "00:44:22", "end": "00:44:27", "text": "95 95% of LP"}, {"start": "00:44:30", "end": "00:44:38", "text": "in platform with abilities. Yeah, I mean super exciting."}, {"start": "00:44:38", "end": "00:44:45", "text": "It's going to be interesting to see if you have a protocol and you turn on the fee. How defensible is that? Because"}, {"start": "00:44:45", "end": "00:44:51", "text": "obviously your fee is my market opportunity. My"}, {"start": "00:44:51", "end": "00:44:57", "text": "opportunity. It's like Amazon said your margin is my opportunity and then they copy your business and they do it in"}, {"start": "00:44:57", "end": "00:45:05", "text": "amazon.com. So the protocol wars are going to be interesting because at the end of the day unis swap is open source"}, {"start": "00:45:05", "end": "00:45:11", "text": "but the latest versions you you're not allowed to copy paste them within the"}, {"start": "00:45:11", "end": "00:45:17", "text": "western legal system. Chinese obviously don't care if you are in China you can take this thing you can copy like you"}, {"start": "00:45:17", "end": "00:45:24", "text": "know this what they have some copyright there on their on their code it's open source if you are in China"}, {"start": "00:45:24", "end": "00:45:30", "text": "you can you take it you take no one cares and if you in a few years it's uh"}, {"start": "00:45:30", "end": "00:45:36", "text": "there is no um there's no restriction anyway but that's how unis swap protects their intellectual property which may"}, {"start": "00:45:36", "end": "00:45:42", "text": "make sense listen maybe it makes sense I'm I'm mainly interested to see how this market will play out because there"}, {"start": "00:45:42", "end": "00:45:48", "text": "There is a lot of value in using unis swap. All liquidity is there."}, {"start": "00:45:48", "end": "00:45:53", "text": "Everyone knows that unis swap is the most legit. So everyone is uh is just"}, {"start": "00:45:53", "end": "00:45:59", "text": "using that and no one is using any fork without fee."}, {"start": "00:45:59", "end": "00:46:06", "text": "It could be like that. It could be true. Uh or maybe there is let's say Jupiter."}, {"start": "00:46:06", "end": "00:46:12", "text": "I mean Jupiter is massive on on salt. another big brand name"}, {"start": "00:46:12", "end": "00:46:19", "text": "copies unis swap but no fee and yes unis swap code is protected but um it's not"}, {"start": "00:46:19", "end": "00:46:26", "text": "rocket science man you can look at it you can do your own code in another way but doing the same uh idea you know it's"}, {"start": "00:46:26", "end": "00:46:32", "text": "not there are harder things to build than than unis swap unis swap at the core all smart contracts at the core"}, {"start": "00:46:32", "end": "00:46:40", "text": "they're quite simple code it's very short code quite simple if you have a few brainiacs they can copy it without"}, {"start": "00:46:40", "end": "00:46:47", "text": "being uh without violating copyright just by not looking at it and redoing it but in your own way in your own way I"}, {"start": "00:46:47", "end": "00:46:54", "text": "mean copyright is mainly the exact code is protected but the idea and you know the overall thing it's normally not"}, {"start": "00:46:54", "end": "00:47:00", "text": "protected so that that's going to be interesting to see from a game theory perspective uh how it will play out how"}, {"start": "00:47:00", "end": "00:47:07", "text": "this market will play out but all in all is I think it's great that unis swap has a fee switch anyone now can buy unicoin"}, {"start": "00:47:07", "end": "00:47:16", "text": "and be part of that and got uh distributions. It's I mean it's onchain it's onchain um onchain asset onchain"}, {"start": "00:47:16", "end": "00:47:21", "text": "productive assets. Wow, it's very nice."}, {"start": "00:47:26", "end": "00:47:32", "text": "What is better for a coin fees or token buyback? I mean with token buyback you have a"}, {"start": "00:47:32", "end": "00:47:38", "text": "nice chart. you have a nice short and a nice chart in itself is uh is a good"}, {"start": "00:47:38", "end": "00:47:44", "text": "thing. It's and they going to buy back or they going to burn. Let's see. Or are they going to distribute? Let's see. Buy back or"}, {"start": "00:47:44", "end": "00:47:51", "text": "uh or they going to distribute this hooks"}, {"start": "00:47:51", "end": "00:47:56", "text": "source liquid and that might let me just copy it into AI. I mean at the age of AI we don't need to read any. Let me just"}, {"start": "00:47:56", "end": "00:48:04", "text": "copy it into AI then we can ask it questions. I'm here reading like some kind of neander. Let's see. Okay. Uh"}, {"start": "00:48:04", "end": "00:48:11", "text": "let's let's check with AI. So uh what do we want to ask? Will they distribute"}, {"start": "00:48:11", "end": "00:48:16", "text": "fees to holders or burn token or what we"}, {"start": "00:48:16", "end": "00:48:25", "text": "said the other one? Buyback or buyback. Let's see what the AI says."}, {"start": "00:48:27", "end": "00:48:33", "text": "Man, this this is how you read nowadays. You ask freaking AI. That's it. What"}, {"start": "00:48:33", "end": "00:48:38", "text": "they will do? They propose certain protocol fees. The new fees will be directed into a burn mechanism. So,"}, {"start": "00:48:38", "end": "00:48:44", "text": "they're going to burn uni. It's not distribution. Okay. Man, I love it. I love it. I mean, look at this. Look at"}, {"start": "00:48:44", "end": "00:48:50", "text": "this. All the questions answered. They're going to burn uni. That's it."}, {"start": "00:48:50", "end": "00:48:57", "text": "That's it. They also propose to burn 100 million uni from treasury as a retroactive burn. That's nice. They"}, {"start": "00:48:57", "end": "00:49:04", "text": "create contract token jar. Very nice. Very nice. See way better. What they do"}, {"start": "00:49:04", "end": "00:49:10", "text": "not do, they not pro distributing. So yeah. So they will will not distribute number one. They focuses supply"}, {"start": "00:49:10", "end": "00:49:15", "text": "reduction. Yes. Yes. Yes. Yes. Okay. So I I think from a legal perspective,"}, {"start": "00:49:15", "end": "00:49:20", "text": "it's just safer because when you distribute funds to holders, man, it's literally a freaking stock. It's a it's"}, {"start": "00:49:20", "end": "00:49:26", "text": "a dividend. If it's a bit of, you know, burn, we burn here, we burn there, it's a bit it"}, {"start": "00:49:26", "end": "00:49:32", "text": "feels a bit safer. But if you give out money to the freaking holders, how is"}, {"start": "00:49:32", "end": "00:49:37", "text": "that not a dividend? At least if you burn and if you burn, then it's um it's"}, {"start": "00:49:37", "end": "00:49:44", "text": "it's a bit disconnected from the from the dividend. Okay. They plan to burn you. Exactly. Exactly. Uh okay. What"}, {"start": "00:49:44", "end": "00:49:52", "text": "what else? What else we wanted to ask here? We wanted to ask Oh, yeah. Yeah. What do you think about the game theory"}, {"start": "00:49:52", "end": "00:49:59", "text": "here? Can someone just uh copy their code"}, {"start": "00:49:59", "end": "00:50:05", "text": "or recreate code to avoid the copyright? Because as"}, {"start": "00:50:05", "end": "00:50:12", "text": "a reminder, there is a copyright in unis swap code, meaning that it is open source. You can read it, but within four"}, {"start": "00:50:12", "end": "00:50:19", "text": "years after the release of the code, you are not allowed to use it. Obviously, if you're Chinese, you're CZ bum bum easing"}, {"start": "00:50:19", "end": "00:50:24", "text": "ba ban bum in China, you don't care if you're bow ban in China. But otherwise,"}, {"start": "00:50:24", "end": "00:50:31", "text": "if you're in the west and you're like public with your project, if you're addon Chinese bow ban, it's okay. Uh no,"}, {"start": "00:50:31", "end": "00:50:37", "text": "no, no one is going to come to Chiinping and ask him to get you otherwise uh it's"}, {"start": "00:50:37", "end": "00:50:45", "text": "a problem. So uh to avoid copyright um and uh uh avoid fee uh"}, {"start": "00:50:45", "end": "00:50:52", "text": "how would you rate success uh chance of that?"}, {"start": "00:50:52", "end": "00:50:59", "text": "This is also the best with AI. I can write like a freaking uh 2-year-old and it understands."}, {"start": "00:50:59", "end": "00:51:04", "text": "Uh and so als uh look at previous"}, {"start": "00:51:04", "end": "00:51:13", "text": "vampire attacks in crypto and analyze."}, {"start": "00:51:13", "end": "00:51:19", "text": "Let's see. Let's see what it what what it will say. This is the best man. I can give it a task here. Think think. Give"}, {"start": "00:51:19", "end": "00:51:28", "text": "me give me answer. M crib drops. Is today it drops? Yeah. M crib. Today it drops."}, {"start": "00:51:31", "end": "00:51:39", "text": "CZ is not related to CH. I know, I know, I know. But Elizabeth Warren says that he he's related."}, {"start": "00:51:40", "end": "00:51:47", "text": "Okay, guys. From AI from my a from our AI overlord. Short"}, {"start": "00:51:47", "end": "00:51:52", "text": "answer, yes. A rival can fork or reimplement to avoid the protocol feed."}, {"start": "00:51:52", "end": "00:51:58", "text": "The real question is whether it exactly that's the real question. And at the end of the day, it's all about the execution. If you have a brilliant"}, {"start": "00:51:58", "end": "00:52:04", "text": "entrepreneur, brilliant team, they can they can compete with unis. If you have brilliant, if you have some slop team,"}, {"start": "00:52:04", "end": "00:52:10", "text": "you know, they come in, they just, you know, low effort, obviously, it's not going to happen. But if you have high effort, I think it depends how much"}, {"start": "00:52:10", "end": "00:52:16", "text": "money they make here. If if there's a lot of money and there is a lot of incentive to to copy it and you have"}, {"start": "00:52:16", "end": "00:52:22", "text": "maybe even projects raising money from VCs to compete and do a competing token"}, {"start": "00:52:22", "end": "00:52:28", "text": "with lower fee. So let's see. Teams could reimplement similar AMM logic."}, {"start": "00:52:28", "end": "00:52:33", "text": "Yeah. Will, this is the big question. Will they win liquidity? Sushi. And here's an"}, {"start": "00:52:33", "end": "00:52:40", "text": "example. Sushi succeeded shortterm by bribing LPS with Sushi while migrating LP tokens. But uh they did not succeed"}, {"start": "00:52:40", "end": "00:52:46", "text": "long term. US have recovered and kept the lead once investment in incentives"}, {"start": "00:52:46", "end": "00:52:53", "text": "normalized. The win was partial and expensive. Many late vampires needed ongoing token emission. Exactly. But at"}, {"start": "00:52:53", "end": "00:53:00", "text": "this point for a user when Sushi competed with unis swap as a user you didn't have to pay fee on unis swap now"}, {"start": "00:53:00", "end": "00:53:07", "text": "you have to pay fee and if you're a big user you trade many millions this fee adds up even if it's like you know 0.1%"}, {"start": "00:53:07", "end": "00:53:12", "text": "man it does add up suddenly you're there like you know tens of thousands of dollars"}, {"start": "00:53:12", "end": "00:53:18", "text": "what is this you pay to freaking uni holders"}, {"start": "00:53:18", "end": "00:53:24", "text": "let's see let's see how it's going to be what's different now with three is trivial and already done in the wild."}, {"start": "00:53:24", "end": "00:53:29", "text": "Okay, so code advantage is thin. That's true. That's true. And if if you have"}, {"start": "00:53:29", "end": "00:53:36", "text": "code advantage, some brainiac can reimplement it anyway to avoid the copyright. Routing power matters more"}, {"start": "00:53:36", "end": "00:53:42", "text": "than roies. A large share of swaps, comia. Ah, I see this is another thing the aggregators. Exactly. So aggregators"}, {"start": "00:53:42", "end": "00:53:48", "text": "are really in power. And the question is what the LPS will do because the users"}, {"start": "00:53:48", "end": "00:53:54", "text": "this not this not about the users really because the users are not really loyal to unis swap website they you know"}, {"start": "00:53:54", "end": "00:53:59", "text": "they're everywhere they're in cow swap they're in this and they're everywhere they're everywhere the question is LP LP"}, {"start": "00:53:59", "end": "00:54:05", "text": "what they going to do turning on protocol fee slightly reduces LP APR exactly instead of fees going to LP or"}, {"start": "00:54:05", "end": "00:54:12", "text": "LPS being able to charge maybe a bit more now protocol is going to take a cut highly compensive blue protocol simult"}, {"start": "00:54:12", "end": "00:54:17", "text": "piece may try. So yeah, let's see. Let's see guys. Is"}, {"start": "00:54:17", "end": "00:54:24", "text": "is this going to be very interesting from like entrepreneurship perspective? I think this this kind of stuff is fascinating like how different products"}, {"start": "00:54:24", "end": "00:54:29", "text": "compete with each other. This guy has a fee. Okay, it's kind of an opportunity for this guy. But will he be able to"}, {"start": "00:54:29", "end": "00:54:35", "text": "compete? Is he serious? Is he not serious? Is he just a quick cash grab? Or is he really a visionary entrepreneur"}, {"start": "00:54:35", "end": "00:54:40", "text": "who's going to change the world? Let's see. Let's see him."}, {"start": "00:54:42", "end": "00:54:48", "text": "per view puppets. See people discussing other"}, {"start": "00:54:53", "end": "00:55:00", "text": "Donga was a great player for really is Una Duna in Brazil? I never heard he's a"}, {"start": "00:55:00", "end": "00:55:07", "text": "great football player. Wow. Iro and Vel. By the way, guys, isn't it"}, {"start": "00:55:07", "end": "00:55:13", "text": "interesting that wait, if I'm not misunderstanding it, but you"}, {"start": "00:55:13", "end": "00:55:21", "text": "see something interesting here and that's that unis swap pumps because of the fee, but also drum pumps when unis"}, {"start": "00:55:21", "end": "00:55:31", "text": "swap announce fee because it's kind of an opportunity for a drum to take market from unis swap in case they have fee."}, {"start": "00:55:32", "end": "00:55:38", "text": "Now let's ask a overlord. Does Irodrome have their own fee?"}, {"start": "00:55:38", "end": "00:55:44", "text": "I believe they do have I believe IRO token is already with fee but uh if it's lower than unis swap it's an"}, {"start": "00:55:44", "end": "00:55:50", "text": "opportunity. Does also have I mean as far as I know does have fee."}, {"start": "00:55:50", "end": "00:55:57", "text": "Let's double check. Yes. So it it currently has fee. Exactly."}, {"start": "00:55:57", "end": "00:56:03", "text": "But it also pumps when unis swap announces fee because now potentially unis swap has higher fee"}, {"start": "00:56:03", "end": "00:56:09", "text": "potentially now this disadvantage that you had when you trade on on a drrome is"}, {"start": "00:56:09", "end": "00:56:15", "text": "no longer is no longer uh significant because I mean if you have arrow and"}, {"start": "00:56:15", "end": "00:56:22", "text": "they have fee you has no fee it's a disadvantage obviously disadvantage can be counteracted with deep liquidity okay"}, {"start": "00:56:22", "end": "00:56:28", "text": "you have fee but you don't have slippage the problem is if you don't have fee and your liquidity is [ __ ] You have big"}, {"start": "00:56:28", "end": "00:56:33", "text": "slippage as a trader and that can be way higher than the fee. So it's it's a bit of a balance. What can you offer to"}, {"start": "00:56:33", "end": "00:56:40", "text": "traders? You need low slippage and low fee. And it's a combination really. It's a combination of slippage and fee. So"}, {"start": "00:56:40", "end": "00:56:45", "text": "who can deliver this together? Fee and slipage being the best for traders."}, {"start": "00:56:45", "end": "00:56:53", "text": "That's what it's all about at the end of the day. Yo, bigly bigly bigly bigly. Exactly. We"}, {"start": "00:56:53", "end": "00:57:00", "text": "have bought of let's see have we bottom it out."}, {"start": "00:57:00", "end": "00:57:07", "text": "I mean for now guys it's uh it doesn't look like that yet but uh the situation may change. Have we bottom it out? I"}, {"start": "00:57:07", "end": "00:57:12", "text": "mean you see yourself we have just like this big bare trend short bull trend on the daily on the daily. That's why I'm"}, {"start": "00:57:12", "end": "00:57:18", "text": "saying Bitcoin has to do something like this. So it creates a higher high and then maybe a higher low. We need this."}, {"start": "00:57:18", "end": "00:57:23", "text": "We need more like this. Okay."}, {"start": "00:57:29", "end": "00:57:36", "text": "Yo, the bigly guy bigly guy is uh trying to make me say bigly every day."}, {"start": "00:57:36", "end": "00:57:42", "text": "Ivan, what AI is good for coding? I mean, I haven't coded too much using uh"}, {"start": "00:57:42", "end": "00:57:49", "text": "using AI or I I really haven't coded too much in the last year or so. So, I'm not the best expert. I have tried I have"}, {"start": "00:57:49", "end": "00:57:55", "text": "tried to do one project with AI. It was maybe six months ago. AI kind of was very bad at that. I tried to do a react"}, {"start": "00:57:55", "end": "00:58:03", "text": "native app just as you know as an experiment. Man, AI it wasn't good for that. Don't try to do React Native."}, {"start": "00:58:03", "end": "00:58:09", "text": "If you want to do web web uh it's pretty good at that. Doing website is pretty"}, {"start": "00:58:09", "end": "00:58:16", "text": "good. Uh I mean from what I've seen people in our team use uh Lovable can be"}, {"start": "00:58:16", "end": "00:58:21", "text": "super powerful. I've seen people who who haven't even they don't even really know programming too much they can use"}, {"start": "00:58:21", "end": "00:58:26", "text": "lovable extremely great. Uh if you are a bit more technical if you are like a dev"}, {"start": "00:58:26", "end": "00:58:33", "text": "yourself but you want to use AI then it's cursor but the problem with cursor is that you have to select the freaking AI. I don't really like that you know."}, {"start": "00:58:33", "end": "00:58:39", "text": "Okay you have cursor but still it's my responsibility to like select AI. Like what are you done? You're just a freaking interface. Like what do I pay"}, {"start": "00:58:39", "end": "00:58:45", "text": "you for? I still need to select the freaking it's still my I want you know something where they select AI. like"}, {"start": "00:58:45", "end": "00:58:51", "text": "they make sure the freaking not that I have to like select them. I have to be like research which model is best. What"}, {"start": "00:58:51", "end": "00:58:59", "text": "what is this crap service? I don't like that. When when you have this coding tool and like the services that you have"}, {"start": "00:58:59", "end": "00:59:04", "text": "to select the model, get out of here. Like I don't want that. I don't want that. So, and I believe Lovable they"}, {"start": "00:59:04", "end": "00:59:10", "text": "select for you, right? I haven't used it myself. I just see other people use it. But yeah, the latest I don't know latest"}, {"start": "00:59:10", "end": "00:59:16", "text": "guys. I haven't coded really in the last year. And the only thing I did like in the last six months is that react native"}, {"start": "00:59:16", "end": "00:59:24", "text": "app and the AI I use claw I had to like select so cursor I use claw cursor I had to select the freaking model it dug its"}, {"start": "00:59:24", "end": "00:59:30", "text": "own grave like you know it's uh it dug it like it misunderstood dependencies it"}, {"start": "00:59:30", "end": "00:59:37", "text": "got like wrecked with dependent like it never got anywhere it was crazy man"}, {"start": "00:59:37", "end": "00:59:43", "text": "it was crazy it was crazy and I mean listen this stuff is great but for for small stuff it's Right now, for small"}, {"start": "00:59:43", "end": "00:59:49", "text": "stuff is great. Uh you need still a professional to do something serious with it, but for small stuff, I mean"}, {"start": "00:59:49", "end": "00:59:55", "text": "even like medium small to medium kind of UI stuff is is great for small to medium"}, {"start": "00:59:55", "end": "01:00:00", "text": "kind of UI stuff. Okay. But if it if it's like a bit more complex, you need a"}, {"start": "01:00:00", "end": "01:00:07", "text": "professional that can um that can guide it by the hand. I mean, if you don't know coding and you use something like"}, {"start": "01:00:07", "end": "01:00:13", "text": "cursive, I I don't think it's even the tool for non-coder. I mean, you will be you will be wrecked so fast. It's insane"}, {"start": "01:00:13", "end": "01:00:18", "text": "because again, it's going to dig its own grave. You tell it to fix it, it fixes it in some weirdass way. Like, it's very"}, {"start": "01:00:18", "end": "01:00:24", "text": "bad. At least it was like that when I tried it like 6 months ago. Now, uh I"}, {"start": "01:00:24", "end": "01:00:32", "text": "think Lavable is a bit better because it's kind of made for for non tech. So, if you are a non tech, try that. Yeah,"}, {"start": "01:00:32", "end": "01:00:39", "text": "cursor auto is good. Okay. I mean my test is can it do that freaking React Native app I wanted to do because React"}, {"start": "01:00:39", "end": "01:00:44", "text": "Native is like you you can shoot yourself in the foot in many ways there"}, {"start": "01:00:44", "end": "01:00:50", "text": "you know the different dependencies different uh do you want uh this uh"}, {"start": "01:00:50", "end": "01:00:58", "text": "there's like a way of expo you want expo you don't want expo man like it's uh holy crap"}, {"start": "01:00:58", "end": "01:01:05", "text": "it was crazy I remember I mean I was actually a React Native dev back in like 2017 before full-time crypto"}, {"start": "01:01:05", "end": "01:01:12", "text": "And already then like nothing has improved basically. It was kind of a pain to get it working"}, {"start": "01:01:12", "end": "01:01:18", "text": "then. Now is the same kind of crap man. It's uh Yeah."}, {"start": "01:01:18", "end": "01:01:21", "text": "Yeah. Anyway,"}, {"start": "01:01:23", "end": "01:01:31", "text": "keep to web. Just do the freaking website. It's okay for that. It's quite it's quite good for that."}, {"start": "01:01:34", "end": "01:01:40", "text": "for creating bosses. Creative cloud is the best. Nice. Nice. Holy crap. We're above 1 hour, guys."}, {"start": "01:01:40", "end": "01:01:46", "text": "That's it. That's it. Thanks a lot for being here. Smash a like as soon as possible. Subscribe to the channel. Have"}, {"start": "01:01:46", "end": "01:01:53", "text": "a great great day. Big shout out to Guzman for time slapping us today. See you all tomorrow. Same place, same time."}, {"start": "01:01:53", "end": "01:01:59", "text": "Hopefully, Bitcoin does pull in a nice big green candle. Uh have a good good"}, {"start": "01:01:59", "end": "01:02:05", "text": "day. Enjoy your Tuesday and get back tomorrow. Smash a bell like, check out"}, {"start": "01:02:05", "end": "01:02:11", "text": "the link to bulman.com to get trained, to actually know what hell you're doing in the market. And see you all very"}, {"start": "01:02:11", "end": "01:02:16", "text": "soon. Goodbye, guys. Goodbye. Goodbye. Goodbye."}]

[{"start": "00:00:02", "end": "00:00:08", "text": "Oh yes. Oh yes. Oh yes. Oh yes. Guys, welcome to another episode. And as you can see right now, Bitcoin is bouncing."}, {"start": "00:00:08", "end": "00:00:14", "text": "It is right now bounce bouncing off of the 50week moving average. This is quite massive for the bulls because we've been"}, {"start": "00:00:14", "end": "00:00:21", "text": "saying that in case we start closing below the 50week moving average. We will start taking more chips off the table."}, {"start": "00:00:21", "end": "00:00:27", "text": "We will be derisking even more. As you know, we did call on October the 8th to"}, {"start": "00:00:27", "end": "00:00:32", "text": "be super careful around 126. We've been derisking between 120 and 110. And now"}, {"start": "00:00:32", "end": "00:00:38", "text": "we said if we close below 50 moving average, we're going to take more of the table. We currently have 70% of the"}, {"start": "00:00:38", "end": "00:00:44", "text": "portfolio in the market, 30% out of the market. But bulls did step in. Bulls did"}, {"start": "00:00:44", "end": "00:00:51", "text": "show up. And yes, indeed, we pumped all the way from 99 to 104 yesterday."}, {"start": "00:00:51", "end": "00:00:58", "text": "Basically, it was somewhere here that we pumped a lot. a lot, recovered a lot during the last few days, yesterday and the day before that. Now we're at 106."}, {"start": "00:00:58", "end": "00:01:06", "text": "The question of course is, is this a dead cat bounce? Is it just a Fugazi before the next big leg up? What to do"}, {"start": "00:01:06", "end": "00:01:11", "text": "and how to prepare? First and foremost, we have to look at the daily. What's happening on the daily? Because that's"}, {"start": "00:01:11", "end": "00:01:18", "text": "where you can see kind of the first signs of of the trend. Now, the bare trend will come to an end in case we"}, {"start": "00:01:18", "end": "00:01:24", "text": "close the day above 105. And normally this bull and bare trends on the daily"}, {"start": "00:01:24", "end": "00:01:32", "text": "go between five days and 20 days normally. And what you want to see is that a new bull trend takes over and"}, {"start": "00:01:32", "end": "00:01:37", "text": "closes above where the last bare trend started because that's the definition of"}, {"start": "00:01:37", "end": "00:01:43", "text": "a higher time frame change because even if you have a downward trend, it normally goes like this, you know, up"}, {"start": "00:01:43", "end": "00:01:48", "text": "and down. Nothing goes down in a straight line. It goes up and down. So on the daily you see these shifts in"}, {"start": "00:01:48", "end": "00:01:54", "text": "real time when we have um this bullish uh bullish trends and they're temporary and then another break down and some"}, {"start": "00:01:54", "end": "00:01:59", "text": "some bullish trend is a bit temporary and another down. So we want to break that. How to break it? We need to start"}, {"start": "00:01:59", "end": "00:02:06", "text": "creating higher highs and higher lows. For example on the daily going above 116"}, {"start": "00:02:06", "end": "00:02:11", "text": "closing above this one. So that will be a very important thing for Bitcoin to do on the small time frame to really turn"}, {"start": "00:02:11", "end": "00:02:17", "text": "the tide towards the bullish uh to bull towards the bullish side. But on the weekly, on the weekly, it looks quite"}, {"start": "00:02:17", "end": "00:02:23", "text": "okay. And this is very important that we bounce off of the 50week moving average. And we now have a rocket booster to the"}, {"start": "00:02:23", "end": "00:02:30", "text": "upside just like we had right here back in uh April. Just like we had right here"}, {"start": "00:02:30", "end": "00:02:36", "text": "back in September 2024. And also one more time here in the very beginning. We"}, {"start": "00:02:36", "end": "00:02:43", "text": "didn't really touch it, but the rocket booster was still here. So this I think has to happen quite quickly. uh for us"}, {"start": "00:02:43", "end": "00:02:48", "text": "uh the most important thing is to position the portfolio and portfolio is positioned for both scenarios and that's"}, {"start": "00:02:48", "end": "00:02:55", "text": "the best when whatever happens we are in a very very good position whether we go up on or or or down from here there are"}, {"start": "00:02:55", "end": "00:03:01", "text": "very good news coming out that bitcoin really has to absorb into the chart and"}, {"start": "00:03:01", "end": "00:03:08", "text": "number one is the government shutdown ending so it's a very powerful thing last time government shutdown ended we"}, {"start": "00:03:08", "end": "00:03:13", "text": "pumped a lot now the situation was different we were not at the end of the for cycle and so on so forth but still"}, {"start": "00:03:13", "end": "00:03:19", "text": "if you compare uh to the last time it ended it was the start of a rally so"}, {"start": "00:03:19", "end": "00:03:25", "text": "Bitcoin has to absorb and uh really perform here because what we don't want to see is that you know this rally is a"}, {"start": "00:03:25", "end": "00:03:30", "text": "bit of a small one yes some good news and then bam like this we don't this you don't want you want quite a strong"}, {"start": "00:03:30", "end": "00:03:36", "text": "followthrough here and that's what the bulls have to expect now that's number one number two you have another big"}, {"start": "00:03:36", "end": "00:03:42", "text": "thing and that's that uh we you potentially have stimulus now another stimulus check dropping on everyone's"}, {"start": "00:03:42", "end": "00:03:49", "text": "head in the US. Trump now is saying that everyone is going to get $2,000, okay,"}, {"start": "00:03:49", "end": "00:03:55", "text": "$2,000 per person as a stimulus check from the tariffs. This is a way for them"}, {"start": "00:03:55", "end": "00:04:01", "text": "to ensure that people support the tariffs because there's a bit of court resistance against the tariff. And yeah,"}, {"start": "00:04:01", "end": "00:04:06", "text": "Trump is coming out saying that everyone who is a low income person or medium"}, {"start": "00:04:06", "end": "00:04:12", "text": "income, basically if you're not a high in high income person, if you're not a high- income person, you're going to get"}, {"start": "00:04:12", "end": "00:04:18", "text": "2,000 bucks. And of course, last time we had the helicopter money like that, Bitcoin pumped a lot as well. So this is"}, {"start": "00:04:18", "end": "00:04:24", "text": "why given all of this quite strong news, I mean, number one, you have the government shutdown and then last time"}, {"start": "00:04:24", "end": "00:04:29", "text": "it pumped a lot. Number two, you have a helicopter money. Obviously, the news are quite big. The news are quite big."}, {"start": "00:04:29", "end": "00:04:36", "text": "And now the question is can can they pump Bitcoin or is it the late kind of cycle where good news comes but Bitcoin"}, {"start": "00:04:36", "end": "00:04:42", "text": "kind of is sleepy and and cannot catch catch it catch his breath and keep running. This is the big question and"}, {"start": "00:04:42", "end": "00:04:48", "text": "this is a question that thankfully following the mechanical rules, following our strategy, we don't care"}, {"start": "00:04:48", "end": "00:04:53", "text": "too much about because we're positioned either or. But obviously looking at the"}, {"start": "00:04:53", "end": "00:04:59", "text": "bullish scenario, we're fully fully fully exposed to it with 70% and looking at the bearish scenario in case we start"}, {"start": "00:04:59", "end": "00:05:04", "text": "breaking below it below the 50we moving average. You will know it. You're not going to miss it. You will you will see"}, {"start": "00:05:04", "end": "00:05:11", "text": "it on the chart here in case we go down. And then the final the final talk with destiny is the bull market even here is"}, {"start": "00:05:11", "end": "00:05:17", "text": "the moneyline flip at 96. So guys so far so good we are monitoring all of this in"}, {"start": "00:05:17", "end": "00:05:23", "text": "real time and for now bulls have an opportunity here. uh when you have such"}, {"start": "00:05:23", "end": "00:05:29", "text": "good news bulls really really have an opportunity here to run with it and it will be interesting to see what happens"}, {"start": "00:05:29", "end": "00:05:37", "text": "when the US wakes up because when the US wakes up normally it's either a continuation or it's uh it's dumping so"}, {"start": "00:05:37", "end": "00:05:44", "text": "quite interesting you have Asia you have US sometimes they they treat the news a bit differently and that's that's going to be in a few hours so keep an eye on"}, {"start": "00:05:44", "end": "00:05:50", "text": "that now looking at the stock market the stock market is also in a way in a"}, {"start": "00:05:50", "end": "00:05:55", "text": "position where bulls are holding bulls are holding his ground. Uh looking at"}, {"start": "00:05:55", "end": "00:06:00", "text": "the 50-day moving average in this case, S&P did bounce uh on uh on Friday. Then"}, {"start": "00:06:00", "end": "00:06:07", "text": "also NASDAQ also bounced off of the 50-day moving average. In this case, we're looking at the daily. So, it's a"}, {"start": "00:06:07", "end": "00:06:14", "text": "big question here as well what the stocks will do and uh they basically will lead the way. And as you can see, if we look at the futures, the S&P 500"}, {"start": "00:06:14", "end": "00:06:22", "text": "futures, they are up. So, this good for Bitcoin is good. is another sign that this is something that will be that will"}, {"start": "00:06:22", "end": "00:06:28", "text": "be reflected in the Bitcoin chart. So guys, the plan is clear. The plan is uh all about positioning. Really not about"}, {"start": "00:06:28", "end": "00:06:35", "text": "predicting. It's about positioning. Are you positioned in a way where if this plays out to to the upside, fantastic."}, {"start": "00:06:35", "end": "00:06:42", "text": "If you this plays out to the downside, you're also fantastic because that's the kind of situation where it's like Bob Luca said that in the last weeks, in the"}, {"start": "00:06:42", "end": "00:06:48", "text": "last months of the poor cycle, you may have a massive pump. So he wouldn't be surprised if we see 180k at the end of"}, {"start": "00:06:48", "end": "00:06:55", "text": "the year. But also at the end of the 40 cycle when the cycle ends you have massive drops as well. So it's either or"}, {"start": "00:06:55", "end": "00:07:01", "text": "either we see Bitcoin at 80k 60k or 180. Neither would surprise him. He said"}, {"start": "00:07:01", "end": "00:07:06", "text": "neither would surprise him. And it is true. We're dancing on the edge. And this is where we're preparing for for"}, {"start": "00:07:06", "end": "00:07:13", "text": "both scenarios. Now guys looking into the future we have to discuss what's happening in Europe guys. They are"}, {"start": "00:07:13", "end": "00:07:20", "text": "removing cash. They're removing cash in a way where if you pay over 10k 10k in"}, {"start": "00:07:20", "end": "00:07:26", "text": "euro, you are an illegal illegal criminal doing something that's not"}, {"start": "00:07:26", "end": "00:07:31", "text": "permitted by law. That's why if we zoom out, we look towards the end of 2026."}, {"start": "00:07:31", "end": "00:07:37", "text": "I'm extremely bullish because there are so many things that are coming together with liquidity, with the Fed change,"}, {"start": "00:07:37", "end": "00:07:42", "text": "with also this thing in EU coming online in 2027."}, {"start": "00:07:42", "end": "00:07:48", "text": "So, a lot of this will have to be priced in during the next year. Anyway, we're going to be speaking about all of that."}, {"start": "00:07:48", "end": "00:07:54", "text": "Welcome everyone who is watching live. Big shout out to Dab who is timestamping"}, {"start": "00:07:54", "end": "00:08:01", "text": "us today. Smash up the like as soon as possible. Subscribe to the channel if you haven't yet. And also check out the"}, {"start": "00:08:01", "end": "00:08:07", "text": "link below, bullmania.com for training if you want to get trained by me and my team so that you can really trade"}, {"start": "00:08:07", "end": "00:08:14", "text": "consistently. You're not begging and hoping and praying like most people do. For most people all kind of fractals,"}, {"start": "00:08:14", "end": "00:08:20", "text": "all kind of support resistance. For them, it's it's a matter of begging. They're begging the market. Please, please, please, please, please do do"}, {"start": "00:08:20", "end": "00:08:28", "text": "what I want, otherwise my portfolio is wrecked. You don't want that, guys. Each and every day, each and every week, you want to be pulling out consistently from"}, {"start": "00:08:28", "end": "00:08:34", "text": "the market, profits from the market. Using Lim below, learning the mechanical rules allows you to do that. Because"}, {"start": "00:08:34", "end": "00:08:40", "text": "people are asking me, Ian, how can you be so calm? Why are you so calm? Why are you so energetic whenever you know it's up or down? Because at the end of the"}, {"start": "00:08:40", "end": "00:08:46", "text": "day, it doesn't really matter because we are traders. We are investors. We're playing with probabilities. It's all"}, {"start": "00:08:46", "end": "00:08:52", "text": "about setting up the trades in such a way that whatever happens, you're good and you can repeat the trade over and"}, {"start": "00:08:52", "end": "00:08:58", "text": "over again. Just like a casino, you know, long-term casino always wins over its clients long term. But casino"}, {"start": "00:08:58", "end": "00:09:04", "text": "doesn't have to win every game against you. As long as you have a mechanical edge, as long as you have an edge"}, {"start": "00:09:04", "end": "00:09:12", "text": "against the market, for example, using the mechanical rules that we teach, you will long-term consistently be amassing"}, {"start": "00:09:12", "end": "00:09:17", "text": "wealth from the market. It's key. So, use the link below for that. Big welcome to everyone. Big shout out to DAB. Smash"}, {"start": "00:09:17", "end": "00:09:24", "text": "up the like to 4K likes right now. Let's go to 4K likes. Let me know how you're doing this. What is it? Monday. Monday."}, {"start": "00:09:24", "end": "00:09:29", "text": "Monday. Let know where you're also chewing in from. Chewing in from. If you're from New York, welcome, welcome,"}, {"start": "00:09:29", "end": "00:09:34", "text": "welcome. How is it with mom Daniel? Well, he's not installed yet, but he's going to be installed soon. So, prepare"}, {"start": "00:09:34", "end": "00:09:40", "text": "for that. Prepare for that. Now, let's look at the overall uh market. What's happening in the overall market? Let me"}, {"start": "00:09:40", "end": "00:09:48", "text": "check the let's see this tab. This tab. Uh one second. This tab. So many tabs,"}, {"start": "00:09:48", "end": "00:09:53", "text": "guys. There there there. Okay. Okay. This is what's happening with the overall market. You have"}, {"start": "00:09:53", "end": "00:10:00", "text": "Starknet 34%. Uh world liberty financial plus 27%. All coins are waking up. All"}, {"start": "00:10:00", "end": "00:10:06", "text": "coins are waking up as this bounce is happening. You have decret plus 50% up"}, {"start": "00:10:06", "end": "00:10:14", "text": "today. Pump pump fun back with 16%. Uni plus 14%. Pango pango pango pango pango"}, {"start": "00:10:14", "end": "00:10:21", "text": "pango back with another 9%. As you can see a small pump in BTC creates big big"}, {"start": "00:10:21", "end": "00:10:27", "text": "waves across the markets. Looking at the weekly, you have soon 200%, you have"}, {"start": "00:10:27", "end": "00:10:33", "text": "stark 68%. Zcash still pumping still to the upside still showing quite great"}, {"start": "00:10:33", "end": "00:10:39", "text": "performance. Uh looking at the monthly, let's check monthly. You have Dash, you have Virtual, you have Sun, you have"}, {"start": "00:10:39", "end": "00:10:46", "text": "Zcash, you have TRA. So if you a few coins are still okay on monthly, more coins are okay on weekly. And today on"}, {"start": "00:10:46", "end": "00:10:52", "text": "the daily, you have uh you have these ones. All in all, guys, we need Bitcoin to have a nice follow through and"}, {"start": "00:10:52", "end": "00:10:58", "text": "basically confirm there is one go to alltime highs before we uh we look closer on the alts. Currently, I'm not"}, {"start": "00:10:58", "end": "00:11:04", "text": "trading alts like this small like stuff. I I'm not touching it. I'm not touching it because again, we're dancing on the"}, {"start": "00:11:04", "end": "00:11:10", "text": "edge. And if you have alts, you need to either uh have them under control"}, {"start": "00:11:10", "end": "00:11:17", "text": "whether they're in a bullish trend or bearish trend and you don't hold anything that's bearish. let them run or you need to be so committed to them that"}, {"start": "00:11:17", "end": "00:11:22", "text": "you can huddle for, you know, next cycle and next cycle that you would be okay holding them throughout the bear in case"}, {"start": "00:11:22", "end": "00:11:29", "text": "it happens as we are right now in elevated bare territory. In terms of the cycle length where we are and uh yeah"}, {"start": "00:11:29", "end": "00:11:34", "text": "whether you look at the low to low or when whether you look from the hove uh you see yourself if you compare to other"}, {"start": "00:11:34", "end": "00:11:41", "text": "uh cycles we are where we are. So we are now basically trying to catch the next"}, {"start": "00:11:41", "end": "00:11:47", "text": "leg up which will likely be the last leg up for the market and that's why we're still exposed to crypto but at the same"}, {"start": "00:11:47", "end": "00:11:53", "text": "time we know we're dancing on the edge. So uh I've made the mistake I've been telling you the story in the past but I made the mistake in last cycles where"}, {"start": "00:11:53", "end": "00:11:59", "text": "we're kind of towards the end and I'm looking so much at different coins. I'm chasing this and that that I forget that"}, {"start": "00:11:59", "end": "00:12:05", "text": "Bitcoin Bitcoin is breaking down and breaking structure because my alts are kind of doing still okay before one day"}, {"start": "00:12:05", "end": "00:12:10", "text": "it all ends. So personally I'm just focusing on the strongest ones such for"}, {"start": "00:12:10", "end": "00:12:16", "text": "example Zcash. We've been calling Zcash for a long long time and still it's in a very nice strong trend. Uh in the past"}, {"start": "00:12:16", "end": "00:12:21", "text": "also hype a bit although I'm less into into hype now because it has stalled"}, {"start": "00:12:21", "end": "00:12:28", "text": "out. It hasn't really had a lot of uh gains like before. I It's like a shark. You see it's like a shark. It needs to"}, {"start": "00:12:28", "end": "00:12:33", "text": "keep swimming to to stay alive. Is it a shark? Biologist in the chat let us know. I think it's a shark. like you"}, {"start": "00:12:33", "end": "00:12:40", "text": "know if if a shark stops swimming the the oxygen doesn't flow. The same thing is kind of with this alt this late in"}, {"start": "00:12:40", "end": "00:12:48", "text": "the cycle early on in the cycle we can have more patience we can have more you know be a bit visionary uh how is this"}, {"start": "00:12:48", "end": "00:12:53", "text": "coin is going to be long term and we can survive dumps big dumps event but this"}, {"start": "00:12:53", "end": "00:12:58", "text": "late in the cycle it needs to be like a shark man it needs to be like a shark it needs to pump and pump and if it goes to"}, {"start": "00:12:58", "end": "00:13:04", "text": "bearish like unfortunately hype has done on the daily it is let's see on the weekly it's still bearish or bull yeah"}, {"start": "00:13:04", "end": "00:13:10", "text": "it's also bearish on the weekly although a bit sideways It's I mean it's just not worth it for now. For now. Of course, if"}, {"start": "00:13:10", "end": "00:13:16", "text": "they now keep pumping to the upside, let's say they go to 60, they go into a new bull trend, it may be worth another"}, {"start": "00:13:16", "end": "00:13:24", "text": "bet, but we know we've been riding it since this lows back here. And uh I mean, we're in nice profit. So, it's to"}, {"start": "00:13:24", "end": "00:13:30", "text": "be greedy to squeeze out the everything the last instead is protection, is preserving capital, is preserving the"}, {"start": "00:13:30", "end": "00:13:36", "text": "gains that we've made from 2023 and in some cases like here from just earlier this year. But uh Zcash is an exception"}, {"start": "00:13:36", "end": "00:13:44", "text": "to that because you see yourself I mean this is a shark that is swimming swimming swimming swimming like a freaking barracuda. Like it's crazy how"}, {"start": "00:13:44", "end": "00:13:51", "text": "it's swimming. Okay. So there's no need in in exiting a position like this because the trend is so strong and trend"}, {"start": "00:13:51", "end": "00:13:56", "text": "is your friend and on the weekly the trend would flip on 507. So uh there as"}, {"start": "00:13:56", "end": "00:14:03", "text": "long as the thing is a swimming baraka there's no need to need or reason to touch it. But uh if if it is starting to"}, {"start": "00:14:03", "end": "00:14:09", "text": "stall out and it's so late in the cycle personally personally, I would be uh I I"}, {"start": "00:14:09", "end": "00:14:14", "text": "would be switching to BTC and uh and that's it. Now looking at the ETF, well"}, {"start": "00:14:14", "end": "00:14:20", "text": "we have I don't think Yeah, we can check Friday. We can check Friday. Let's see what happened on the 7th. Big fat"}, {"start": "00:14:20", "end": "00:14:27", "text": "outflow on the 7th. 558 million million million dollar out from the ETF. It is"}, {"start": "00:14:27", "end": "00:14:35", "text": "from Black Rockck. It is from uh which one is it? Fidelity one. It is from this one with bitwise and this one arc they"}, {"start": "00:14:35", "end": "00:14:40", "text": "are losing losing losing and this one also losing GBTC also losing and this one zero why are they zero they're dead"}, {"start": "00:14:40", "end": "00:14:46", "text": "or what's happening no one is touching them whatsoever how can be like exact zero no one bought or sold anything in"}, {"start": "00:14:46", "end": "00:14:54", "text": "this other ones I mean it seems like that it's fully zero no one bought or sold anything okay uh so all in all 558"}, {"start": "00:14:54", "end": "00:15:00", "text": "million out but now that we have a green candle I can almost promise you that today is going to be inflow because this"}, {"start": "00:15:00", "end": "00:15:06", "text": "ETFs when it's up they buy when it's down they sell it's like retail so I can almost promise you that today is going"}, {"start": "00:15:06", "end": "00:15:11", "text": "to be a big inflow day because the the candle is green so you can kind of"}, {"start": "00:15:11", "end": "00:15:18", "text": "predict it now in terms of the wallets what do we see uh and these are wallets"}, {"start": "00:15:18", "end": "00:15:24", "text": "that are trading on with leverage on hyperlid so the highest um pro"}, {"start": "00:15:24", "end": "00:15:29", "text": "profitability wallets are still bearish although they were very bearish on"}, {"start": "00:15:29", "end": "00:15:34", "text": "Friday, the smart money, this is the second group which is the almost most"}, {"start": "00:15:34", "end": "00:15:41", "text": "profitable, they are slightly bullish and they were bearish on Friday. So, as you can see, even the uh the bigger wallets, the bigger profitability"}, {"start": "00:15:41", "end": "00:15:46", "text": "wallets are starting to take a bit of a a bit of a bet here, a bit of a bet"}, {"start": "00:15:46", "end": "00:15:52", "text": "here. And the way they work is that when you have an interesting trade setup, they take that they take the trade. So,"}, {"start": "00:15:52", "end": "00:15:58", "text": "now, for example, an example of that is when you have the daily potentially flipping bullish, you can you can bet on"}, {"start": "00:15:58", "end": "00:16:04", "text": "that. You can bet on that with u uh stop-loss with take profit and so on so forth. We explain it in detail in the"}, {"start": "00:16:04", "end": "00:16:10", "text": "mechanical rules uh video which you can find below uh and see if it plays out. So as soon as you have a new bullish"}, {"start": "00:16:10", "end": "00:16:17", "text": "trend, it is a good good opportunity to try bullish trends. It doesn't mean that you're long-term bullish. In this case,"}, {"start": "00:16:17", "end": "00:16:23", "text": "it's daily. Long-term bullish you are on the weekly. Long-term bullish you are when we went heavy into Bitcoin 2023"}, {"start": "00:16:23", "end": "00:16:29", "text": "right here. On the weekly, you're playing the long-term bets. on the daily you take a short-term vest because the"}, {"start": "00:16:29", "end": "00:16:35", "text": "daily trends normally continue between uh 5 to 20 days. So when you have"}, {"start": "00:16:35", "end": "00:16:41", "text": "different traders becoming bullish and it is based on a daily uh change in the"}, {"start": "00:16:41", "end": "00:16:47", "text": "in the situation on the daily uh whether it's with leverage whether it is spot it is a short-term trade with stop-loss"}, {"start": "00:16:47", "end": "00:16:54", "text": "with take profit and so on so forth setup. So that's um we're going to be following that as it progresses with the"}, {"start": "00:16:54", "end": "00:16:59", "text": "wallets. Um economic calendar there is not too much. We did see the the rate"}, {"start": "00:16:59", "end": "00:17:05", "text": "cuts happen on RA. The next ones are going to be in December. So there's not too much. So all in all on a big picture"}, {"start": "00:17:05", "end": "00:17:10", "text": "what's happening. We have now quite a good opportunity for the bulls. Uh daily"}, {"start": "00:17:10", "end": "00:17:17", "text": "potentially closing in a bullish trend. Number one, you have Trump stimulus check. Number two, you have um uh"}, {"start": "00:17:17", "end": "00:17:25", "text": "government shutdown ending number three. and Bitcoin has to follow through meaning that we start pumping above the"}, {"start": "00:17:25", "end": "00:17:30", "text": "previous highs here on the on the daily. In this case, it is 116"}, {"start": "00:17:30", "end": "00:17:37", "text": "uh and we stop this trend of higher lows and higher highs. We need to stop it. Instead, we need to go boop right here"}, {"start": "00:17:37", "end": "00:17:43", "text": "and do a higher high. Okay? Before we did lower high, what did I say? Lower high and lower low. Now, we need to do"}, {"start": "00:17:43", "end": "00:17:50", "text": "higher high and higher low. So, that's that guys. That's that from from the uh big picture perspective. Now let me"}, {"start": "00:17:50", "end": "00:17:57", "text": "switch gears a bit towards why towards why um we will have a big fat rally"}, {"start": "00:17:57", "end": "00:18:02", "text": "towards the end of 2026. And just to summarize some um um some points here. I"}, {"start": "00:18:02", "end": "00:18:09", "text": "mean number one is the fact that uh for a cycle it would be perfectly in line with that. Number two the Fed chair is"}, {"start": "00:18:09", "end": "00:18:17", "text": "changing in May and Trump will appoint a guy he controls fully. So the prince will be biblical. Um number three,"}, {"start": "00:18:17", "end": "00:18:24", "text": "number three, you have more and more draconian situation across the world when it comes to financial freedom. And"}, {"start": "00:18:24", "end": "00:18:32", "text": "one example is uh EU guys, EU man. Okay. Every year above 10K becomes"}, {"start": "00:18:32", "end": "00:18:40", "text": "illegal. It's illegal tender. So all in all on 20 on January 1st 2027 uh they"}, {"start": "00:18:40", "end": "00:18:47", "text": "will prohibit cash payments exceeding\u20ac 10,000 euro throughout the European Union. This represents significant"}, {"start": "00:18:47", "end": "00:18:54", "text": "tightening from the patchwork of national rules some of which permit transactions up to 15k. The regulation"}, {"start": "00:18:54", "end": "00:18:59", "text": "applies universally to merchants, professionals and private individuals alike. A French citizen purchasing a"}, {"start": "00:18:59", "end": "00:19:05", "text": "used vehicle for 12K in cash commits a regulatory violation. An Italian jeweler"}, {"start": "00:19:05", "end": "00:19:11", "text": "accepting 11K for a wedding for a wedding ring faces potential sanctions."}, {"start": "00:19:11", "end": "00:19:17", "text": "The European Council's stated rationale centers on anti-money laundering as always as always they have this"}, {"start": "00:19:17", "end": "00:19:23", "text": "anti-money laundering this and that. Has this helped any kind of anti-money laundering? Someone should do a research"}, {"start": "00:19:23", "end": "00:19:28", "text": "study into that because I'm not sure how much all of this KYC is stopping anything because when you have too much"}, {"start": "00:19:28", "end": "00:19:34", "text": "data it's also bad. I mean you when you have when you collect so much data it's hard to make sense out of it. It becomes"}, {"start": "00:19:34", "end": "00:19:40", "text": "also very bad. I mean everyone's passports are now in China because all of the help desks are in China. You"}, {"start": "00:19:40", "end": "00:19:47", "text": "remember coin Coinbase they had their help desk in China or something or in India. They got hacked or bribed. We"}, {"start": "00:19:47", "end": "00:19:54", "text": "never know but data was stolen from those support centers in India with all of the KYC. So what is the riskreward?"}, {"start": "00:19:54", "end": "00:20:01", "text": "What is the reward for for all of this risk that everyone is doing with KYC but anyway cash is now going to be illegal"}, {"start": "00:20:01", "end": "00:20:07", "text": "basically above 10k and this is something to keep in mind with this magic numbers. It is 10k but you know"}, {"start": "00:20:07", "end": "00:20:13", "text": "10k euro today is not 10k euro in 5 years. And these magic numbers, they never update. Just like when you travel"}, {"start": "00:20:13", "end": "00:20:20", "text": "across borders, you know, for decades, the limit on how much cash you can bring with you across border in an airplane,"}, {"start": "00:20:20", "end": "00:20:28", "text": "for example, is 10K. It's 10K euro, I guess, is 10K dollars also. But, uh, they never updated. So, with inflation,"}, {"start": "00:20:28", "end": "00:20:35", "text": "with the valuation, it's always 10K. Soon 10K, you cannot even buy a candy bar with 10K. That's going to be the"}, {"start": "00:20:35", "end": "00:20:40", "text": "limit. So keep in mind that all of the magic numbers they are uh there for a"}, {"start": "00:20:40", "end": "00:20:46", "text": "reason and they know that they will be less and less with time and they never update them. The European Council state"}, {"start": "00:20:46", "end": "00:20:52", "text": "rationale centers on antimoney laundering for uh large cash transactions by their nature evade"}, {"start": "00:20:52", "end": "00:20:57", "text": "institutional oversight. Yeah, it's a bit of privacy. Criminals criminal networks exploit this opacity to integrate illicit processes into"}, {"start": "00:20:57", "end": "00:21:06", "text": "legitimate commerce by forging by forcing high value changes into a banking system yada yada yada. So yeah"}, {"start": "00:21:06", "end": "00:21:12", "text": "guys, that's it. That's uh that's coming and that's coming in a big big way to the EU. But also it's going to be the"}, {"start": "00:21:12", "end": "00:21:19", "text": "same in the US. It's going to be everywhere because the trend is in this direction. Fiat is in a state of panic."}, {"start": "00:21:19", "end": "00:21:25", "text": "They want more control. They don't want less control. They want more control. And um you also see it with exit taxes."}, {"start": "00:21:25", "end": "00:21:32", "text": "So it's it really goes together. Let me show you what's happening in the UK. In the UK with highest likelihood guys"}, {"start": "00:21:32", "end": "00:21:40", "text": "guys, there's going to be an exit tax. So that if you are wealthy, you cannot leave. Okay? So they basically take in"}, {"start": "00:21:40", "end": "00:21:48", "text": "all kinds of people. You know what I'm speaking about. And if you don't like that, you want to leave, you want to not"}, {"start": "00:21:48", "end": "00:21:53", "text": "be part of the mental hospital, you want to go somewhere else, take your money"}, {"start": "00:21:53", "end": "00:21:58", "text": "somewhere else. Well, it is going to be 20% exit tax. They will implement it."}, {"start": "00:21:58", "end": "00:22:04", "text": "You can just uh search it. They will implement. I'm very very sure it's"}, {"start": "00:22:04", "end": "00:22:09", "text": "basically a leak. It leaked. Normally they don't want to announce the taxes before they're implemented because they"}, {"start": "00:22:09", "end": "00:22:15", "text": "want to trap you in. If they announce too early, they it kind of loses a bit of its effectiveness because people can"}, {"start": "00:22:15", "end": "00:22:21", "text": "flee. But in this case, it get kind of leaked. They know that they are discussing it. You know, people are panicking. You know, sparks fears of"}, {"start": "00:22:21", "end": "00:22:27", "text": "tech exodus this and that. Listen, all of these fears, they're still going to do it. They're still going to do it because they need it. They need it and"}, {"start": "00:22:27", "end": "00:22:34", "text": "they need to show that they're doing something because Revolute founder just moved to Dubai. Okay, one of the biggest"}, {"start": "00:22:34", "end": "00:22:40", "text": "fintexs in the UK, Revolute, the founder, boop, Dubai. Okay,"}, {"start": "00:22:40", "end": "00:22:48", "text": "so instead of making UK nice in the first place, instead they now need to show force and"}, {"start": "00:22:48", "end": "00:22:55", "text": "they need to ensure that no one else does something like this. So exit tax is coming. you have the situation with uh"}, {"start": "00:22:55", "end": "00:23:01", "text": "less financial privacy. All in all, they have you by the coona in a tight grip. Okay? In a very very tight grip. So"}, {"start": "00:23:01", "end": "00:23:07", "text": "that's why I'm saying if you are in the UK, you should really find a way to move out as soon as possible. If you are in"}, {"start": "00:23:07", "end": "00:23:13", "text": "the UK and you want to start a business, um don't um don't start in UK. Don't"}, {"start": "00:23:13", "end": "00:23:19", "text": "start in UK because uh if if you ever want to move in the future, you cannot move. Yeah. I mean, you literally cannot"}, {"start": "00:23:19", "end": "00:23:24", "text": "move because most businesses are unsellable. Even if it's a nice business for you. Let's say it gives you nice"}, {"start": "00:23:24", "end": "00:23:31", "text": "cash flow. Let's say you want to move and do that business somewhere else. Maybe it's online business like you they"}, {"start": "00:23:31", "end": "00:23:36", "text": "will have to value it in some way. They will value it maybe based on cash flow. Then they're going to have a multiple."}, {"start": "00:23:36", "end": "00:23:43", "text": "Let's say that they take your revenue times 10 or whatever. I mean they're tax authorities. They can do anything. They can just say your revenue is this. We"}, {"start": "00:23:43", "end": "00:23:49", "text": "multiply it by 10. This is the value of the company. It's like a simple cash flow evaluation. And yeah, you have to"}, {"start": "00:23:49", "end": "00:23:57", "text": "pay 20% of that. Good luck. Okay. Don't start business in country that has"}, {"start": "00:23:57", "end": "00:24:02", "text": "exit tax. It's the golden rule. If you break that rule, you are shooting yourself in the foot because you"}, {"start": "00:24:02", "end": "00:24:09", "text": "literally cannot move. Many people they cannot move. It's it's impossible to move. They have a business. It gives them cash flow. They cannot sell. So the"}, {"start": "00:24:09", "end": "00:24:14", "text": "only way to move out is to kill the business to basically bankrupt it and then move out and then maybe restart it"}, {"start": "00:24:14", "end": "00:24:20", "text": "somehow on the app. It's not good guys. So obviously having Bitcoin, having your wealth in a digital way which is not"}, {"start": "00:24:20", "end": "00:24:27", "text": "connected to any country long term can be massive. It's going to be massive, massive, massive, massive. Moving on,"}, {"start": "00:24:27", "end": "00:24:32", "text": "moving on guys. Moving on, guys. Hey, do we have hexacons in the chat right here? Check, check, check, check, check."}, {"start": "00:24:32", "end": "00:24:39", "text": "Hexacons, man, you need to sacrifice for a new thing."}, {"start": "00:24:39", "end": "00:24:45", "text": "Guys, guys, your boss, your boss is doing a new project and he wants you to"}, {"start": "00:24:45", "end": "00:24:53", "text": "give him money again. He wants you to send him money again,"}, {"start": "00:24:54", "end": "00:25:00", "text": "man. You know, this movie, it was made for a"}, {"start": "00:25:00", "end": "00:25:06", "text": "reason, but uh yeah. Anyway, another token, another brilliant. Do you"}, {"start": "00:25:06", "end": "00:25:13", "text": "remember Wolf of Ballit? The guy is calling. Hey John, I have another idea. Another brilliant idea. Matthew Mana"}, {"start": "00:25:13", "end": "00:25:18", "text": "gonna ma gonna go. What's his name is? I just call him Matthew Mana. He's his"}, {"start": "00:25:18", "end": "00:25:25", "text": "character was saying that you know it's all fugghazi. It's fugazi. It's a it's a wazi. It's a woozy. Okay."}, {"start": "00:25:25", "end": "00:25:30", "text": "When the client has made money, you call him up with another idea with another brilliant with another opportunity. You"}, {"start": "00:25:30", "end": "00:25:36", "text": "remember wolf of [ __ ] It's wolf of hatred. Exactly. Another brilliant idea."}, {"start": "00:25:36", "end": "00:25:41", "text": "Uh, and so now he has Mr. Prover, Mr. Prox, what the hell it's called. Bad"}, {"start": "00:25:41", "end": "00:25:46", "text": "guys, you have to send more money. Okay? You know, it's the classic, you know,"}, {"start": "00:25:46", "end": "00:25:52", "text": "how scammers operate when they when they scam you. They'll say, you send money to a scammer. He says, \"Oh, yeah, yeah, you"}, {"start": "00:25:52", "end": "00:25:58", "text": "can withdraw the money. We just need a bit more money to like confirm that you want to withdraw or you know, just as a"}, {"start": "00:25:58", "end": "00:26:04", "text": "fee, you know, as a withdrawal fee, we need even more money.\" Sometimes it happens you know they go"}, {"start": "00:26:04", "end": "00:26:10", "text": "for this retired people unfortunately and they scam them. It's a very big problem but you know first you deposit"}, {"start": "00:26:10", "end": "00:26:16", "text": "your money into like a fake uh scam and then to withdraw they say you can withdraw. You have to just send more you"}, {"start": "00:26:16", "end": "00:26:22", "text": "know because you know your account maintenance fee some fee this and that. So guys listen I mean uh I can tell you"}, {"start": "00:26:22", "end": "00:26:29", "text": "all of the things that uh that I think but it's not going to change your mind. So yeah big shout out"}, {"start": "00:26:29", "end": "00:26:36", "text": "big shout out. It's another brilliant idea. You need to send more money. So pulse where is pulse down. Hex where is"}, {"start": "00:26:36", "end": "00:26:42", "text": "hex also down. Where is where is I mean everything is down guys. Everything nothing has outperformed bitcoin. Nothing has outperformed e. Nothing has"}, {"start": "00:26:42", "end": "00:26:50", "text": "outperformed anything. But but but even somi like see see posted this a"}, {"start": "00:26:50", "end": "00:26:54", "text": "picture. What it means? He's bullish or what is it?"}, {"start": "00:26:57", "end": "00:27:04", "text": "Is somi bullish or he's not bullish? I don't understand. Reach out to Somi. Oh yeah, here's another here's another one."}, {"start": "00:27:04", "end": "00:27:11", "text": "Richard Hart playing with proicans. Mr. Prover or what the hell he's called? Pulseyans. Ah, where is Pulseyans?"}, {"start": "00:27:11", "end": "00:27:17", "text": "Richard, where is Psyans? And Hexans. No one cares about them, man. Like it was"}, {"start": "00:27:17", "end": "00:27:23", "text": "so long. Like Hex, what happens to Hex? Where is Hex? He's here somewhere, man."}, {"start": "00:27:23", "end": "00:27:30", "text": "[Music] Now people are saying, \"But no, no, it's bullish. It's B.\" Okay, listen. Okay,"}, {"start": "00:27:30", "end": "00:27:37", "text": "listen. Let's move on. Some guy saying, \"Oh, no. Last time he did sacrifice it.\" Okay. Yeah, that that if that's your"}, {"start": "00:27:37", "end": "00:27:43", "text": "trading strategy, man. Oh, good luck. Oh, yeah. Yeah. Yeah. Yeah. But guys,"}, {"start": "00:27:43", "end": "00:27:49", "text": "there is a way to see if he is if he really wants to pump the old backs. the"}, {"start": "00:27:49", "end": "00:27:57", "text": "the only thing that would make sense here is if the new sacrifice is only allowed with his own tokens because"}, {"start": "00:27:57", "end": "00:28:04", "text": "that's actually a way for him to burn a bit of the supply. The problem with pulse why it doesn't pump is because so many people sacrifice for it and so many"}, {"start": "00:28:04", "end": "00:28:09", "text": "people expect big returns. You know whatever it pumps people just dump so fast. The tokconomics are bad. They're"}, {"start": "00:28:09", "end": "00:28:15", "text": "very bad because so many people sacrificed. they respect returns and so the market cap you need to reach in"}, {"start": "00:28:15", "end": "00:28:21", "text": "order for them to cash out it's it's impossible. So uh one way to fix the problem would be to somehow start"}, {"start": "00:28:21", "end": "00:28:27", "text": "burning the pulse coins. But uh if guys if he wants your ETH or if he wants your"}, {"start": "00:28:27", "end": "00:28:33", "text": "dollars [Laughter]"}, {"start": "00:28:33", "end": "00:28:40", "text": "[Music] a man man but I know guys we can say what"}, {"start": "00:28:40", "end": "00:28:47", "text": "whatever. Oh yeah, here. By the way, Richard Hart when he sees his community still has money. Exactly,"}, {"start": "00:28:47", "end": "00:28:54", "text": "man. You got to sacrifice. You got to sacrifice. You got to sacrifice. Yeah,"}, {"start": "00:28:54", "end": "00:29:00", "text": "there we go. Mh. Matt, what do you think, Matt? It's bullish or what's happening? You going to sacrifice for"}, {"start": "00:29:00", "end": "00:29:06", "text": "it? Let me know. You're going to sacrifice."}, {"start": "00:29:06", "end": "00:29:11", "text": "That's uh Yeah, I mean, listen, it's down anyways."}, {"start": "00:29:11", "end": "00:29:16", "text": "Oh yeah. Um, so guys, let me know what you think. If you're hexacon, if you're pulsyans,"}, {"start": "00:29:16", "end": "00:29:22", "text": "if you're provican, if you're pulse hexican, like there are so many of you now there are hexacons. Oh, okay. There"}, {"start": "00:29:22", "end": "00:29:27", "text": "are e-hexans to be clear. E-hexans, there are pexicons. It's a bit of conflict because they debate which one"}, {"start": "00:29:27", "end": "00:29:33", "text": "is real hex. Then it's pulsy. Okay. Then it is pulseexican."}, {"start": "00:29:33", "end": "00:29:38", "text": "By burn, nonbison burns. Like it doesn't pump. Uh, then there is pi. Py pai. What"}, {"start": "00:29:38", "end": "00:29:42", "text": "happened to pai guys? It's going to go to a dollar."}, {"start": "00:29:44", "end": "00:29:49", "text": "I mean, do you guys remember they they they said it's going to go to a dollar. They're picans."}, {"start": "00:29:49", "end": "00:29:55", "text": "Now there are provans. Oh my god. Oh, I love it. I love it."}, {"start": "00:29:55", "end": "00:30:01", "text": "It's You know this meme? Absolute cinema. Absolute cinema. Let me find it."}, {"start": "00:30:01", "end": "00:30:07", "text": "Absolute cinema."}, {"start": "00:30:07", "end": "00:30:12", "text": "Where is it? Where is it? Oh, yeah. Yeah, yeah, yeah, yeah, yeah. Here, here."}, {"start": "00:30:12", "end": "00:30:17", "text": "What is this? Copy copy image."}, {"start": "00:30:17", "end": "00:30:24", "text": "This, this, this, this. Okay. Absolute cinema."}, {"start": "00:30:24", "end": "00:30:30", "text": "Guys, let's go to Q&A, questions, answers, debates, discussions. Let's discuss to summarize guys what's"}, {"start": "00:30:30", "end": "00:30:38", "text": "happening on the Bitcoin chart. Um I mean we discussed like five times already but let me just summarize it for everyone who who just joined the new"}, {"start": "00:30:38", "end": "00:30:44", "text": "number one on the low time frame you have now potential new bull trend we have to close uh the day still needs to"}, {"start": "00:30:44", "end": "00:30:49", "text": "close it hasn't closed but it needs to close above this uh 105.7 then we have a"}, {"start": "00:30:49", "end": "00:30:55", "text": "new uh daily bull trend and bitcoin should go up fast because we have so big"}, {"start": "00:30:55", "end": "00:31:02", "text": "news and if it doesn't go up fast then um it's not too good of a sign because with so good news like with helicopter"}, {"start": "00:31:02", "end": "00:31:09", "text": "money, literally helicopter money coming from Trump, literal stimulus check coming from Trump and US ending a"}, {"start": "00:31:09", "end": "00:31:15", "text": "government shutdown. Last time it ended, it pumps this much. Last time you had the uh helicopter money like this, we"}, {"start": "00:31:15", "end": "00:31:22", "text": "pumped a lot. If it is the case that Bitcoin is kind of kind of slow, you know, it kind of gets maybe to 110 and"}, {"start": "00:31:22", "end": "00:31:29", "text": "then whatever this this is not good. this because then it's another sign that you have so many big news, so many good"}, {"start": "00:31:29", "end": "00:31:35", "text": "news and the Bitcoin cannot pump on good news. You know what sign it is when when when the asset doesn't pump on good"}, {"start": "00:31:35", "end": "00:31:41", "text": "news? Um and uh on the weekly it's very good that we did bounce off of the"}, {"start": "00:31:41", "end": "00:31:46", "text": "50week moving average. Very very good. And uh it needs to hold it. So it needs"}, {"start": "00:31:46", "end": "00:31:52", "text": "to have followthrough. We need to ideally pump above this highs right here uh to to create a new trend to the"}, {"start": "00:31:52", "end": "00:31:58", "text": "upside now. So yeah, let's see what's going to happen. But all in all, weekly uh moneyline trend still green and we"}, {"start": "00:31:58", "end": "00:32:03", "text": "need to go to 96 to break that uh 50week moving average holding like a chad still"}, {"start": "00:32:03", "end": "00:32:08", "text": "and u continuation is possible. Uh but I think it's about speed like a shark,"}, {"start": "00:32:08", "end": "00:32:13", "text": "man. It's shark. It need it needs to go pump. It needs to pump. It needs to be freaking shark to the upside. Guys, on"}, {"start": "00:32:13", "end": "00:32:19", "text": "this note, let's go to Q&A questions. Answer the base. Big shout out to Dub for timesamping us. That's number one."}, {"start": "00:32:19", "end": "00:32:26", "text": "Number two, check out the uh link below for uh learning how to trade bulmania.com. All about mechanical"}, {"start": "00:32:26", "end": "00:32:32", "text": "rules, all about what to do when transferably bullish, when transferally bearish, how you're relaxed in all"}, {"start": "00:32:32", "end": "00:32:38", "text": "situations. I mean, whether it's up or down, if you have the mechanical rules, you're fine. You're you're really fine"}, {"start": "00:32:38", "end": "00:32:44", "text": "because you have an edge in the market that you can use in whatever direction. And it's kind of like a casino, you"}, {"start": "00:32:44", "end": "00:32:49", "text": "know, casino doesn't win every game against you, but through time, over time, they always win. The same thing is"}, {"start": "00:32:49", "end": "00:32:56", "text": "with the mechanical rules we teach in buling and com that you set them up, they work for you and uh no matter what"}, {"start": "00:32:56", "end": "00:33:03", "text": "happens, you're in a good position. Guys, that's it. That's it. Let's go to Q&A questions, answers, debates."}, {"start": "00:33:03", "end": "00:33:09", "text": "Cotty programmable privacy tech better than Zcash. What do you think? Uh I mean there there's not too much to think."}, {"start": "00:33:09", "end": "00:33:14", "text": "Let's check the chart. I mean that's that's the only thing that matters. The tech, forget the tech. Like the tech is"}, {"start": "00:33:14", "end": "00:33:20", "text": "uh it needs to pump. If it doesn't pump, the tech is uh secondary. Uh it got"}, {"start": "00:33:20", "end": "00:33:27", "text": "rejected here by the flip by the bull flip. The tech is uh maybe it's taking,"}, {"start": "00:33:27", "end": "00:33:33", "text": "maybe it's not teching, but the the price goes down and the price can go down for a long time while your tech is"}, {"start": "00:33:33", "end": "00:33:38", "text": "not teching. Or maybe it's teching, maybe it's better. I don't care really because you see yourself. From a trading"}, {"start": "00:33:38", "end": "00:33:45", "text": "perspective, it doesn't matter. Okay? It doesn't matter. From a trading perspective, it doesn't matter. as a privacy coin. It's it's not something I"}, {"start": "00:33:45", "end": "00:33:52", "text": "can tell you which one is better. At the end of the day, when it comes to privacy tech, it is kind of a specialized"}, {"start": "00:33:52", "end": "00:33:59", "text": "uh field where for even if you are let's say I'm computer scientist, I mean for me to say exactly which one is better,"}, {"start": "00:33:59", "end": "00:34:05", "text": "it's a specialized field where you really need to dive deeper. Uh when it comes to comparing Zcash and Monero,"}, {"start": "00:34:05", "end": "00:34:11", "text": "that one is a bit more clear because one is based on encryption. So Zcash is based on encryption. the Monero is more"}, {"start": "00:34:11", "end": "00:34:17", "text": "based on on the mixing. So from that perspective, Zcash is more solid from that perspective. Exactly how Coty"}, {"start": "00:34:17", "end": "00:34:24", "text": "works, I don't know, but it is a privacy coin and uh maybe as you say, maybe tech is better, maybe not. I mean, probably"}, {"start": "00:34:24", "end": "00:34:32", "text": "not because Zcash is has been around longer. It has more trust this and that and uh maybe tech is better like care"}, {"start": "00:34:32", "end": "00:34:38", "text": "only if it goes to bullish. Okay, care only if it goes to bullish. with Zcash,"}, {"start": "00:34:38", "end": "00:34:45", "text": "the time to pay attention was when it went bullish here. Okay? Uh on the on the weekly, this was the time to to pay"}, {"start": "00:34:45", "end": "00:34:51", "text": "attention. Uh and uh before that, you know, take this, take that. The problem with caring about tech too much. Let me"}, {"start": "00:34:51", "end": "00:34:58", "text": "show you. Is that look at Zikash for example. Yes, tech is great, but is is the same tech as here is the same tech"}, {"start": "00:34:58", "end": "00:35:04", "text": "as I mean Zcash has not been doing really well until recently. And how do you know when to care about it? When the"}, {"start": "00:35:04", "end": "00:35:10", "text": "trend flips bullish, that's it. tech was the same. Tech was as good, but here no one really cared. Now price pumps and"}, {"start": "00:35:10", "end": "00:35:17", "text": "suddenly now everyone cares. Now you know everyone has HTTP is like HTTPS and Bitcoin is HTTP. So at the end of the"}, {"start": "00:35:17", "end": "00:35:23", "text": "day, we're here to make money. So when it comes to tech, I' I've also made this mistake caring too much which tech this,"}, {"start": "00:35:23", "end": "00:35:28", "text": "which tech. Tech is good to know for the long-term bets that you're really"}, {"start": "00:35:28", "end": "00:35:35", "text": "convinced about. For example, with Bitcoin, as you know, I have a a long-term portfolio. I'm not going to sell it even if we see bare market or"}, {"start": "00:35:35", "end": "00:35:40", "text": "anything. And so for me knowing the tech, having read the code, going"}, {"start": "00:35:40", "end": "00:35:46", "text": "through the white paper, I know that it's solid. I know that it's not, you know, CIA that created it like Tucker"}, {"start": "00:35:46", "end": "00:35:51", "text": "Carson is worried about. And even if they did create it, it doesn't matter because it's code. It works. It runs."}, {"start": "00:35:51", "end": "00:35:58", "text": "You can check it and that's it. So this is a benefit of understanding the tech."}, {"start": "00:35:58", "end": "00:36:03", "text": "But I don't think you want to hodddle cotty long term. Maybe you want then okay then. Yes, learn about the tech and"}, {"start": "00:36:03", "end": "00:36:09", "text": "this and that, but uh because it's not a thing I really am interested in long term and the price is poo poo. It's a"}, {"start": "00:36:09", "end": "00:36:16", "text": "kaka price. I mean yourself. Uh is it like alltime low? Yeah, it's like alltime low. I mean what is this? So"}, {"start": "00:36:16", "end": "00:36:22", "text": "tech. Yeah, I mean I mean I mean you seriously bounce off the alltime low but also kind"}, {"start": "00:36:22", "end": "00:36:28", "text": "of gets rejected. Created a higher sorry a lower high. It created a lower high."}, {"start": "00:36:28", "end": "00:36:34", "text": "Yeah, that's it. That's it. Phento phento man phento man there are too many things"}, {"start": "00:36:34", "end": "00:36:41", "text": "that have good tech okay to so many things have good tech does it matter maybe not really really it matters if"}, {"start": "00:36:41", "end": "00:36:46", "text": "they turn into bull trend then it matters because then it's part of the narrative if they have good tech and see"}, {"start": "00:36:46", "end": "00:36:51", "text": "this is this is a good uh angle to think about tech if they have bullish trend"}, {"start": "00:36:51", "end": "00:36:58", "text": "and good tech that is a bit of a confirmation that the bull trend may be for a long time because they have a"}, {"start": "00:36:58", "end": "00:37:04", "text": "narrative like Z look at Zcash They have good tech and bull trend and the trend just continues because everyone starts"}, {"start": "00:37:04", "end": "00:37:11", "text": "to click oh it's HPS and Bitcoin is HTCP bum bum bum you know everyone starts to click so then it matters if the trend is"}, {"start": "00:37:11", "end": "00:37:18", "text": "bearish on the price tech u is secondary okay"}, {"start": "00:37:20", "end": "00:37:26", "text": "I mean in a way man in a way you know people say oh but price is so superficial man why you're so"}, {"start": "00:37:26", "end": "00:37:32", "text": "superficial look at the tech look deeper okay it's kind like let's say about romantic relationship or you have"}, {"start": "00:37:32", "end": "00:37:39", "text": "appearance then you have how good a person is appearance gives the inside a chance so to speak in many cases and so"}, {"start": "00:37:39", "end": "00:37:46", "text": "the same thing is with the with the price I mean the same thing is with the chart it's the appearance but it gives"}, {"start": "00:37:46", "end": "00:37:52", "text": "the tech a chance to to do something because if the tech is great but the chart is freaking down it will never go"}, {"start": "00:37:52", "end": "00:37:57", "text": "anywhere okay very important very important it's it's"}, {"start": "00:37:57", "end": "00:38:04", "text": "not superficial it's it's how it works I mean it's you see yourself it's how it works."}, {"start": "00:38:08", "end": "00:38:15", "text": "Now the only this is where there are a group of people where they care more about tech than the chart and those are"}, {"start": "00:38:15", "end": "00:38:20", "text": "the bag holders. Those that bought wanting to make a quick buck now they're super wrecked. They're convincing"}, {"start": "00:38:20", "end": "00:38:27", "text": "everyone that it's about the tech. It was never about the price, but in reality they did want the price to go up, but now they're stuck and they hold"}, {"start": "00:38:27", "end": "00:38:33", "text": "for many years and they they preach about the tech because they have no choice. Uh instead of exiting into"}, {"start": "00:38:33", "end": "00:38:38", "text": "bullish coins, they cling into their losing bag and that's what we also"}, {"start": "00:38:38", "end": "00:38:44", "text": "discuss a lot in bulmania.com. Uh if you want to get trained by us, use the link below. It's one of the I mean it's one"}, {"start": "00:38:44", "end": "00:38:50", "text": "of the craziest things people do which destroys their mental health their relationships. When you're stuck in a"}, {"start": "00:38:50", "end": "00:38:55", "text": "losing position for years for years many years every day you open you see the"}, {"start": "00:38:55", "end": "00:39:03", "text": "chart every day open portfolio you see is it green is it red your soul gets crushed and uh then I can understand you"}, {"start": "00:39:03", "end": "00:39:10", "text": "become a tech uh evangelist. You become a tech evangelist because at least the tech is good. At least I"}, {"start": "00:39:10", "end": "00:39:16", "text": "supported something good. Some good. What is What is this? It takes years to break"}, {"start": "00:39:16", "end": "00:39:23", "text": "down your psyche. Okay. Takes years as you know. And maybe Picans can chime in"}, {"start": "00:39:23", "end": "00:39:29", "text": "here because they are the experts. They're the experts in holding and"}, {"start": "00:39:29", "end": "00:39:36", "text": "losing a position uh for many years. And uh it takes years you know from the beginning you are kind of man what is"}, {"start": "00:39:36", "end": "00:39:41", "text": "this crap? quite dance. But then you become more and more invested. It becomes part of you. Becomes part of"}, {"start": "00:39:41", "end": "00:39:48", "text": "you. Suddenly you wake up. You see yourself in the mirror. You have a pulse tattoo written on your forehead. You"}, {"start": "00:39:48", "end": "00:39:53", "text": "know it it takes time to break you down mentally. Takes time. Doesn't it's not instant. It's not instant. The same"}, {"start": "00:39:53", "end": "00:39:58", "text": "thing is with any losing position you you hold for years."}, {"start": "00:39:59", "end": "00:40:04", "text": "Okay. More questions. More questions."}, {"start": "00:40:11", "end": "00:40:18", "text": "Yo, Cryptog, I care about tech. LFG, LFG, I'm a lunatic. I also about the community, man."}, {"start": "00:40:18", "end": "00:40:24", "text": "Community. Yeah. I mean, that's another thing with um"}, {"start": "00:40:24", "end": "00:40:32", "text": "with crypto. It's a lot of fugitive like community. Yes, community. Okay. Community. The problem is it's also PvP."}, {"start": "00:40:32", "end": "00:40:39", "text": "I mean in many cases it is PvP. some communities I mean who really love the freaking thing they are pure communities"}, {"start": "00:40:39", "end": "00:40:46", "text": "but you know most coins they don't have communities it's just PvP who can dump on who and who can tell you to hold"}, {"start": "00:40:46", "end": "00:40:51", "text": "while dumping on that's most coins now there are some strong communities Zcash I mean you can say dogecoin has had a"}, {"start": "00:40:51", "end": "00:40:59", "text": "community for over a decade uh obviously bitcoin so there are real communities also sana also real community where uh"}, {"start": "00:40:59", "end": "00:41:06", "text": "people are quite invested in the tech and the future and that they really become the NASDAQ of u of the future is"}, {"start": "00:41:06", "end": "00:41:12", "text": "onchain NASDAQ. So there are real communities but if you look at most people most people and most the coins"}, {"start": "00:41:12", "end": "00:41:18", "text": "they hold the community is more PVP okay it is more PvP that's very very"}, {"start": "00:41:18", "end": "00:41:25", "text": "important Matt asking what community in Zcash"}, {"start": "00:41:25", "end": "00:41:31", "text": "there is a massive community in Zcash I mean when Zcash started to uh break out the reason why we were bullish is"}, {"start": "00:41:31", "end": "00:41:38", "text": "because their community they I mean they forever had this idea of 50k Zcash in their brain Okay. And they've been"}, {"start": "00:41:38", "end": "00:41:44", "text": "through a lot. Like the Dish community has been through a lot. They've been through all of this downs and"}, {"start": "00:41:44", "end": "00:41:50", "text": "underperforming Bitcoin, underperforming other assets. So, uh it it is a strong community. Absolutely. That's why as"}, {"start": "00:41:50", "end": "00:41:58", "text": "soon as there is a bit of light on the on the on the project, uh the price goes up a lot because the the only holders"}, {"start": "00:41:58", "end": "00:42:04", "text": "left are those, you know, like cockroaches who survived the nuclear winter. And u is the reason why it's uh"}, {"start": "00:42:04", "end": "00:42:13", "text": "doing well. But see, it's um it's not many coins that have that. It's not it's not many coins that have that."}, {"start": "00:42:13", "end": "00:42:18", "text": "Most coins, here's what happens with most coins. Most coins have community, you know, so-called community, but as"}, {"start": "00:42:18", "end": "00:42:24", "text": "soon as it pumps, they dump. Okay, it why can you have something like this"}, {"start": "00:42:24", "end": "00:42:30", "text": "up only? Is because the holders that are left, they don't, they're true believers. They don't dump. They don't dump. That's why you can have a rebirth"}, {"start": "00:42:30", "end": "00:42:35", "text": "like this. And the problem with most coins is that yes, even though there's so-called community people hold, as soon"}, {"start": "00:42:35", "end": "00:42:42", "text": "as there is a green candle, they start dumping into it. Bum. Oh, finally I can get rid of this crap. You know, finally,"}, {"start": "00:42:42", "end": "00:42:48", "text": "finally, it's a big problem. Big problem."}, {"start": "00:42:51", "end": "00:42:57", "text": "[Music] Yo, can I can we see so alltime high"}, {"start": "00:42:57", "end": "00:43:02", "text": "ahead in this cycle? I mean, nothing is impossible, but it is a bare trend. So,"}, {"start": "00:43:02", "end": "00:43:08", "text": "I don't want to sugarcoat it. Uh, I remember you asking about buying car back here. I told you it's going to go"}, {"start": "00:43:08", "end": "00:43:13", "text": "above 200. It went above 200. Now that we're later in the cycle, I I don't want"}, {"start": "00:43:13", "end": "00:43:20", "text": "to sugarcoat this, man. It is bare trend. It's late in the cycle. So, it could still happen, but uh uh it's not"}, {"start": "00:43:20", "end": "00:43:25", "text": "the same as here. Here it was one thing. Uh now it's a bit different. I I don't"}, {"start": "00:43:25", "end": "00:43:31", "text": "want to sugar coat it, bro. May uh can it go up? U uh if it goes to bull trend"}, {"start": "00:43:31", "end": "00:43:37", "text": "then we're gonna we're gonna discuss it. For now it's um I mean you see yourself it's bare trend you and we need to be"}, {"start": "00:43:37", "end": "00:43:43", "text": "brutal guys. I mean we need to be brutal. I love the sole potential that it can become the decentralized NASDAQ."}, {"start": "00:43:43", "end": "00:43:48", "text": "I love the I love all of that but my portfolio is number one and it's above"}, {"start": "00:43:48", "end": "00:43:55", "text": "all tech above all visions and when it's bare trend and we're so late in the cycle man it's bare trend. I I I cannot"}, {"start": "00:43:55", "end": "00:44:02", "text": "sugarcoat it. I have the chart in front of me. I need to tell you what it says. I I don't want to tell you guys. So, I"}, {"start": "00:44:02", "end": "00:44:08", "text": "think the chances now are smaller, but anything is possible now. I I think it's less likely. But, uh it's possible. Is"}, {"start": "00:44:08", "end": "00:44:16", "text": "it possible? It's possible. Anything is possible. But now it's bare trend. And yeah, need to get out of the bare trend."}, {"start": "00:44:16", "end": "00:44:22", "text": "They need to pump. But listen, if we have some kind of Santa rally, we have some big fat Santa rally, uh maybe it's"}, {"start": "00:44:22", "end": "00:44:29", "text": "going to happen. But uh again, it's not a strategy. I don't like the strategy that, you know, we're betting on something that may or may not happen."}, {"start": "00:44:29", "end": "00:44:35", "text": "Instead, we have the mechanical rules. We have the trends. We know what's happening. We we we're we're mechanical."}, {"start": "00:44:35", "end": "00:44:40", "text": "We're basing decisions on on that. So, yeah. Uh I hope you But did you buy the"}, {"start": "00:44:40", "end": "00:44:46", "text": "car or no? I remember you were asking, you I want to buy a car. I need sold to go to 200. This was like during the"}, {"start": "00:44:46", "end": "00:44:52", "text": "summer. It did go to 200. The question is, did you buy the car or no? or or the"}, {"start": "00:44:52", "end": "00:44:59", "text": "grid the grid took over. Uh but uh all in all uh listen follow the trend and"}, {"start": "00:44:59", "end": "00:45:05", "text": "that's it. The problem also was solved like just from a narrative perspective. Um because for example in in Zika you"}, {"start": "00:45:05", "end": "00:45:11", "text": "have such a nice narrative with this HTTPS thing the the issue was solved for the narrative to work again they just"}, {"start": "00:45:11", "end": "00:45:18", "text": "have to recapture their their u their rankings. They it's something that's not"}, {"start": "00:45:18", "end": "00:45:24", "text": "too good from a narrative perspective where they're like number four all all the time now before you remember they"}, {"start": "00:45:24", "end": "00:45:31", "text": "were number two they were number one when it comes to top fees when it comes to like all of the things they were like number one or number two behind hyperlid"}, {"start": "00:45:31", "end": "00:45:36", "text": "only now it's hyperl it's age X is strong so they they really have to"}, {"start": "00:45:36", "end": "00:45:42", "text": "recapture their position for the narrative to make sense and for"}, {"start": "00:45:42", "end": "00:45:48", "text": "um for a bull trend to be longer sustained But yeah, first we need to go to bull trend. I mean it's still a lot"}, {"start": "00:45:48", "end": "00:45:54", "text": "to to to work here to work to do. But then also you need the narrative the"}, {"start": "00:45:54", "end": "00:46:00", "text": "narrative needs to make sense and for it to make sense the rankings need to needs to improve. I mean now you have also"}, {"start": "00:46:00", "end": "00:46:06", "text": "edge X which is like another hyperlquid and Tron and now S is number four. For"}, {"start": "00:46:06", "end": "00:46:12", "text": "them to be decentralized NASDAQ they have to be number one. So all in all I mean as you see we're not fanatic with"}, {"start": "00:46:12", "end": "00:46:18", "text": "anything. We are fanatic about the portfolio. The portfolio has to be bullish either in bull or bare. That's"}, {"start": "00:46:18", "end": "00:46:24", "text": "why our community is called bull mania. It's not only that it's bull market is that the portfolio is bullish. We're in"}, {"start": "00:46:24", "end": "00:46:29", "text": "bull mania whether market is up or down. And when you are in bull mania in the"}, {"start": "00:46:29", "end": "00:46:34", "text": "state of mind, in the state of your soul, in the state of your being, in the"}, {"start": "00:46:34", "end": "00:46:41", "text": "bull mania mode, you cannot be too married man. Whether it's soul, whether it's anything, we see how it does on the"}, {"start": "00:46:41", "end": "00:46:48", "text": "chart. And if it doesn't go good on the chart and everything together with the cycle ending, I mean we follow the tra"}, {"start": "00:46:48", "end": "00:46:55", "text": "with the mechanical rules, we follow the plan, we follow the what we have set out. So this is the edge. I mean in a"}, {"start": "00:46:55", "end": "00:47:01", "text": "way this is the edge that if you know trading you you're you're ahead of the market. You're ahead of the market. You"}, {"start": "00:47:01", "end": "00:47:08", "text": "are way ahead of the market. Uh so uh all in all for soul to uh to"}, {"start": "00:47:08", "end": "00:47:14", "text": "look good again it needs to go to bullish trend. number one needs to capture the uh the rankings. Number two, I still think it can do that. It's just"}, {"start": "00:47:14", "end": "00:47:20", "text": "that you need more attention on things that are not Bitcoin and everything now"}, {"start": "00:47:20", "end": "00:47:26", "text": "is uh focused on Bitcoin. That's why Hyperlid is number one because you trade Bitcoin and Hyperlquid. Uh you long and"}, {"start": "00:47:26", "end": "00:47:31", "text": "short with leverage and all of that. Edge also the same thing. Ajax long and short. Tron I guess it's all the stable"}, {"start": "00:47:31", "end": "00:47:39", "text": "coins people do there. Uh and maybe Justin Sam has some automate the fee collector. I don't know. Tron, it's a"}, {"start": "00:47:39", "end": "00:47:45", "text": "mystery how how active it is. For me, it's mainly the stable coins. It's mainly stable coins that I've seen"}, {"start": "00:47:45", "end": "00:47:52", "text": "people use on Tron. Uh let's actually see DeFi Lama. What's what's happening? Do you guys use Tron? There are"}, {"start": "00:47:52", "end": "00:48:00", "text": "sometimes there are sometimes um Tron users who love all of the, you"}, {"start": "00:48:00", "end": "00:48:06", "text": "know, DeFi they have, but I don't know. It's uh yeah, it's like sideway not really doing"}, {"start": "00:48:06", "end": "00:48:11", "text": "too much. Where is the fee coming from? I guess it's all the stable coin that is"}, {"start": "00:48:11", "end": "00:48:17", "text": "is it just land? Is it sun? But that's some crazy amount of stable coin transactions if they're able to do so"}, {"start": "00:48:17", "end": "00:48:24", "text": "many fees or is it some you know wash trading some you know sending back and forth on you guys let me know with"}, {"start": "00:48:24", "end": "00:48:31", "text": "hyperlquid I can really understand where the fees are coming from because the fee to do leverage trade you know it can become quite big because the fee is"}, {"start": "00:48:31", "end": "00:48:38", "text": "calculated on your position size and your position size is including the leverage. So you can have pay quite big fees there. Uh but yeah with the with"}, {"start": "00:48:38", "end": "00:48:45", "text": "the troll maybe there's some kind of dex there also that they that they're doing."}, {"start": "00:48:46", "end": "00:48:52", "text": "No acid thunder saying no conviction. Yeah. The only conviction I have is is Bitcoin. That's the only thing I have"}, {"start": "00:48:52", "end": "00:48:59", "text": "for the long term. All the other alts it's uh I mean Bitcoin is king. Everything else I don't have this uh"}, {"start": "00:48:59", "end": "00:49:04", "text": "maniac conviction to hold through the through the cycles and in the same way"}, {"start": "00:49:04", "end": "00:49:10", "text": "because the riskreward is simply not there. You look at most altcoins versus Bitcoin through time they're down. When"}, {"start": "00:49:10", "end": "00:49:16", "text": "it comes to altcoins, very important, and you really have to listen and take notes here because most people they they still don't get it. But the most"}, {"start": "00:49:16", "end": "00:49:22", "text": "important thing is that you trade altcoins within a bull market. When you trade them multicycle, just look at any"}, {"start": "00:49:22", "end": "00:49:28", "text": "altcoin versus Bitcoin. They cannot outperform. It's basically impossible."}, {"start": "00:49:28", "end": "00:49:33", "text": "Very few can do it temporarily. Temporarily. So to have conviction in"}, {"start": "00:49:33", "end": "00:49:40", "text": "all I mean I'm sorry but if it's beyond one cycle it's not smart it's a bit delusional and a bit [ __ ] Can it"}, {"start": "00:49:40", "end": "00:49:47", "text": "work out for some? Yeah I mean for some few maybe it does work out but for you to maximize your upside while minimizing"}, {"start": "00:49:47", "end": "00:49:52", "text": "downside to to you know have conviction like a good example is freaking murad"}, {"start": "00:49:52", "end": "00:49:59", "text": "believe in something. Okay. What do you believe in? SPX69 like a joke about the stock market and"}, {"start": "00:49:59", "end": "00:50:05", "text": "uh Okay. So, you're going to hold it through like what are you speaking about?"}, {"start": "00:50:05", "end": "00:50:12", "text": "What what are you like look? Okay. You have to understand that all of it is crap. It works to trade within a cycle."}, {"start": "00:50:12", "end": "00:50:20", "text": "You can make a lot of money in all within a cycle, but most of it is Fugazi. Most of it. And you can re and"}, {"start": "00:50:20", "end": "00:50:25", "text": "when they go down, you still can re-enter them in the next bull when they flip bullish on the weekly. So it doesn't mean that you cannot"}, {"start": "00:50:25", "end": "00:50:32", "text": "participate. You can participate in them. Throughout this bull cycle, we participated in many many altcoins. A"}, {"start": "00:50:32", "end": "00:50:37", "text": "lot of them did well. Some of them did not do well. But uh from a risk perspective, it's made perfect sense to"}, {"start": "00:50:37", "end": "00:50:44", "text": "do. But to be to hold something multicycle is only Bitcoin. Only Bitcoin. Everything else what we're"}, {"start": "00:50:44", "end": "00:50:51", "text": "speaking about. Go and check go and check any Bitcoin chart, any altcoin versus Bitcoin chart. You have your"}, {"start": "00:50:51", "end": "00:50:57", "text": "answer. Uh so yeah, listen, some people don't want to hear it, but it's true."}, {"start": "00:50:57", "end": "00:51:03", "text": "True. I tell you truth. You want to have a fugazi world. You have your own"}, {"start": "00:51:03", "end": "00:51:09", "text": "fantasy la land where you feel good, where you feel comfortable, where you don't hear truth, you feel at ease,"}, {"start": "00:51:09", "end": "00:51:15", "text": "you're in your comfort zone, where your um friends in the in that are equally"}, {"start": "00:51:15", "end": "00:51:22", "text": "wrecked, maybe even more wrecked as you tell you how great your assets are for long. Go."}, {"start": "00:51:24", "end": "00:51:33", "text": "But within a cycle, all are great, man. Within the cycle. Fantastic. Fantastic."}, {"start": "00:51:34", "end": "00:51:39", "text": "Okay guys, on this note, smash up the like as soon as possible. Subscribe to the channel as soon as possible. Hope"}, {"start": "00:51:39", "end": "00:51:45", "text": "you enjoyed the Q&A. Thanks a lot for the all the great questions, all the great answers. Hope you liked as well."}, {"start": "00:51:45", "end": "00:51:50", "text": "If I'm to be so bold, but you had great questions for sure."}, {"start": "00:51:50", "end": "00:51:57", "text": "Big shout out to the uh to to mods to"}, {"start": "00:51:57", "end": "00:52:03", "text": "dab for time stamping us today. I'm always thinking who is it? Is it Dub? Is it today's dab? Big shout out to Dabby"}, {"start": "00:52:03", "end": "00:52:08", "text": "Dab today. See you all tomorrow. Smash up the like, subscribe, and goodbye"}, {"start": "00:52:08", "end": "00:52:13", "text": "guys. Goodbye. Goodbye. Goodbye. Check out the link to get trained if you actually want to finally, you know, be"}, {"start": "00:52:13", "end": "00:52:20", "text": "consistent, consistently profitable as trader and actually make financial freedom a reality, a possibility. Anyway"}, {"start": "00:52:20", "end": "00:52:24", "text": "guys, bye. You see your links. Goodbye. Here's Mara."}]

[{"start": "00:00:08", "end": "00:00:15", "text": "No, no, november. 100K seems like a distant memory as Bitcoin continues to"}, {"start": "00:00:15", "end": "00:00:20", "text": "slide. Where's the bottom? With ETFs and DAT selling off, everyone wants to know"}, {"start": "00:00:20", "end": "00:00:27", "text": "where the pain ends and the turnaround begins. ETH on edge. The second largest"}, {"start": "00:00:27", "end": "00:00:34", "text": "crypto is approaching a key support level ahead of its latest network upgrade. Can it hold? And a look at last"}, {"start": "00:00:34", "end": "00:00:39", "text": "week's top performers, tweets of the week, TA with Lewis, the portfolio competition update, and much more"}, {"start": "00:00:39", "end": "00:00:45", "text": "besides. This is the Coin Bureau News Live."}, {"start": "00:00:46", "end": "00:00:51", "text": "Yes, this is indeed the Coin Bureau News Live. Welcome everyone. It is good to"}, {"start": "00:00:51", "end": "00:00:56", "text": "see you. It is good to be back. Uh it is good to be back here in the studio as well, Nick. Welcome back. How you feeling?"}, {"start": "00:00:56", "end": "00:01:02", "text": "I'm well rested. A little bit tired still. I I always take a while to recover from a holiday"}, {"start": "00:01:02", "end": "00:01:08", "text": "if you can call it that. But uh yeah, I had a great time. I uh was uh was down under for the first time ever actually."}, {"start": "00:01:08", "end": "00:01:15", "text": "Your portfolio was down under. My portfolio has been down under for most of its existence. Uh but no, I was"}, {"start": "00:01:15", "end": "00:01:21", "text": "down under myself. Um I was in uh Western Australia. I was there to watch the cricket uh England play Australia at"}, {"start": "00:01:21", "end": "00:01:28", "text": "cricket. Believe me folks, if you think it's bad being a follower of crypto, then try being a follower of the England"}, {"start": "00:01:28", "end": "00:01:34", "text": "cricket team. That is arguably much, much worse. Or the England soccer team for the World Cups. Uh, I'll have you know, the England"}, {"start": "00:01:34", "end": "00:01:42", "text": "football team is actually doing quite well at the moment. Um, but yeah, the cricket team are back in sort of perennial underachiever mode. Um, and"}, {"start": "00:01:42", "end": "00:01:48", "text": "uh, yeah, had to watch them get absolutely shellacked in front of 50,000 Aussies. Okay. So, you watch your portfolio get"}, {"start": "00:01:48", "end": "00:01:54", "text": "shellucked and then you watch the cricket team get shelocked as well. Yes. As a crypto holder, I was better able to"}, {"start": "00:01:54", "end": "00:01:59", "text": "deal with the disappointment than many of my fellow Englishmen at that game. Um, but nevertheless, it was lovely to"}, {"start": "00:01:59", "end": "00:02:04", "text": "be in Australia for the first time. Great, great country, great people. The food was amazing. Everything except the"}, {"start": "00:02:04", "end": "00:02:11", "text": "cricket was amazing. Amazing. Well, I need to visit then. I need to visit. Yeah. Anyway, we better stop talking about cricket because we might lose the"}, {"start": "00:02:11", "end": "00:02:19", "text": "viewers. Um, but uh we are going to be talking today folks about Bitcoin as usual. It is in it is in that 85k zone"}, {"start": "00:02:19", "end": "00:02:25", "text": "at the moment. Um, we're also going to be looking at when the bottom is going to be in because I mean this is, you know, this is the conversation we need"}, {"start": "00:02:25", "end": "00:02:31", "text": "to be having with ourselves now. And we're also going to be looking at uh what is going on with Ethereum. Is Tom"}, {"start": "00:02:31", "end": "00:02:36", "text": "Lee's are Tom Lee's increasingly increasingly wild price predictions"}, {"start": "00:02:36", "end": "00:02:42", "text": "actually going to come to pass or does he need to go and spend some time in a secure facility somewhere? I think he's trying to manifest it. He"}, {"start": "00:02:42", "end": "00:02:47", "text": "believes in the secret. You if you wish it into existence, it will come. Yes. Well, we know how well that's worked"}, {"start": "00:02:47", "end": "00:02:54", "text": "over over the course of human history. Uh so yes, lots to discuss and of course all the usual uh features as well that"}, {"start": "00:02:54", "end": "00:02:59", "text": "you know and love. Um so uh before we get started though, don't forget to hit"}, {"start": "00:02:59", "end": "00:03:06", "text": "the like button. Subscribe the bell as well. Subscribe as well. You can ring the bell and uh you can see the little progress"}, {"start": "00:03:06", "end": "00:03:14", "text": "bar down there below Nick. Uh if that gets to 100% for likes, if we get a thousand likes or indeed more uh then"}, {"start": "00:03:14", "end": "00:03:20", "text": "Nick and I will spend some time uh towards the end uh discussing our portfolios or what's needed."}, {"start": "00:03:20", "end": "00:03:26", "text": "Yes. Or indeed what's left of them. Um and maybe some of our some of the things we might be sort of mulling over doing."}, {"start": "00:03:26", "end": "00:03:32", "text": "Um uh but yes, uh we're going to need some likes in order to do that. And and finally, don't forget the"}, {"start": "00:03:32", "end": "00:03:37", "text": "portfolio competition at the end. We still it's still it's still in the pro, you know, we still got something in the portfolio. for you."}, {"start": "00:03:37", "end": "00:03:44", "text": "There is still a portfolio. There is still a portfolio. Yeah, it's not down as badly as as it might be. Um uh yes. So, we'll be"}, {"start": "00:03:44", "end": "00:03:50", "text": "bringing you that a little later on as well. But, uh let's crack on uh and talk about the week in Bitcoin, shall we,"}, {"start": "00:03:50", "end": "00:03:57", "text": "Nick? The week in Bitcoin. Yeah, a week to forget. Oh my god. Uh so, it started off on Monday uh the first weekly close"}, {"start": "00:03:57", "end": "00:04:02", "text": "below the 50we exponential moving average. As many know, this had been one of the most important bull market"}, {"start": "00:04:02", "end": "00:04:07", "text": "supports that everyone had been focusing on. And yes, we closed below it. That"}, {"start": "00:04:07", "end": "00:04:14", "text": "wasn't a good way to start the week. Uh Sailor did come back and buy. Uh he bought actually a pretty decentsized"}, {"start": "00:04:14", "end": "00:04:20", "text": "stack at 8,000 over 8,000 Bitcoin. Uh but unfortunately didn't manage to do"}, {"start": "00:04:20", "end": "00:04:25", "text": "to do much for the price because um remember last stream we said or we've been covering for the past, you know,"}, {"start": "00:04:25", "end": "00:04:31", "text": "two months that there existed this CME gap around the 92 93k level and we kind"}, {"start": "00:04:31", "end": "00:04:36", "text": "of joked about we probably won't. Hopefully we never close that. Hopefully we never have to close that CME gap."}, {"start": "00:04:36", "end": "00:04:42", "text": "And um it was it was kind of the Voldemort, wasn't it? The Voldemort not to be mentioned. Yes."}, {"start": "00:04:42", "end": "00:04:49", "text": "Does he who does not exist? That CME gap below 95K. Yeah. Well, we better not talk about the other CME gap. Um that's even lower. But"}, {"start": "00:04:49", "end": "00:04:54", "text": "uh yes. No, so we had talked about that and we Yeah, we kind of joked that probably wouldn't get that bad"}, {"start": "00:04:54", "end": "00:05:00", "text": "and then it did. It did. And so on Tuesday we closed it crazy. We closed it after after at least"}, {"start": "00:05:00", "end": "00:05:06", "text": "two to three months uh since was open in the gap. It was closed. Okay. Uh but that was not where it stopped"}, {"start": "00:05:06", "end": "00:05:12", "text": "falling. Unfortunately, we fell and actually broke below 90K. I mean, this was rough. This was rough."}, {"start": "00:05:12", "end": "00:05:19", "text": "I was I was uh I was glad I was glad to be elsewhere. Yeah. We did manage to bounce though and"}, {"start": "00:05:19", "end": "00:05:26", "text": "catch up to 92K by the end of the day, which was interesting because at exactly the same time we had big tech stocks"}, {"start": "00:05:26", "end": "00:05:32", "text": "collapsing. Yeah. Yeah. And generally I was kind of suspicious because it's like tech stocks are collapsing and Bitcoin"}, {"start": "00:05:32", "end": "00:05:37", "text": "still holding up. So it's like hm what does this potentially mean? Yeah. Well, at least it wasn't just crypto."}, {"start": "00:05:37", "end": "00:05:44", "text": "At least it wasn't just crypto. Yeah. Always take always take solace from the fact that other people are suffering as well. Um"}, {"start": "00:05:44", "end": "00:05:50", "text": "yeah, that's one way of misery loves company. We all in good company. Yeah. Wednesday it started off slow and then"}, {"start": "00:05:50", "end": "00:05:55", "text": "all hell broke loose because I don't know if you saw this guy but um they said there's no jobs report for October."}, {"start": "00:05:55", "end": "00:06:01", "text": "They were canceling them. Okay. Okay. This was obviously related to the to the government shutdown. Government shutdown. Y"}, {"start": "00:06:01", "end": "00:06:07", "text": "yeah. And we also had the FOMC minutes. Yes. Strongly divided on December"}, {"start": "00:06:07", "end": "00:06:13", "text": "interest rate cut. We we definitely got hints of that um from PAL's press conference, hadn't we, at the last"}, {"start": "00:06:13", "end": "00:06:19", "text": "meeting? And I think this is Yeah, this is confirming. So again, you know, the likelihood of that we we just don't know"}, {"start": "00:06:19", "end": "00:06:25", "text": "whether we're going to get a rate cut in December. Yeah, markets have priced it um a bit more of a chance, but yeah,"}, {"start": "00:06:25", "end": "00:06:32", "text": "they're very very much divided at the Fed more so than any any time in history actually. Uh Bitcoin did fall below back"}, {"start": "00:06:32", "end": "00:06:37", "text": "again below 90K unfortunately. Mhm. Uh it did rally though because of"}, {"start": "00:06:37", "end": "00:06:43", "text": "Nvidia, right? Because we got this Nvidia earnings call. Um and uh yeah, I mean basically Nvidia"}, {"start": "00:06:43", "end": "00:06:50", "text": "is propping up not just the stock market but everything else. Everything else back above 90K. There we go."}, {"start": "00:06:50", "end": "00:06:55", "text": "Back. We're back. We're over back. It's over back. 90K. 90K. Thanks, Jensen."}, {"start": "00:06:55", "end": "00:07:01", "text": "Yeah. Uh then on Thursday, we got delayed NFP numbers. Now, these were for September."}, {"start": "00:07:01", "end": "00:07:07", "text": "So, and they were actually very good. All right. So, they beat expectations. Okay. Some good data."}, {"start": "00:07:07", "end": "00:07:14", "text": "Didn't help though. No, because we fell to 89K, 88K, 87K, 86K"}, {"start": "00:07:14", "end": "00:07:20", "text": "all in the span of a day. Yeah. And of course at the same time uh we not only had ETF outflows but they"}, {"start": "00:07:20", "end": "00:07:27", "text": "were record outflows as well. Record outflows the highest in months. Right. Yeah. So much the the markets are so terrible"}, {"start": "00:07:27", "end": "00:07:34", "text": "that the crypto community was actually reaching out to Trump for help. Please come on. Please do something. Mr."}, {"start": "00:07:34", "end": "00:07:40", "text": "President, about 65 crypto organizations are calling on President Trump to bypass Congress and direct federal agencies to"}, {"start": "00:07:40", "end": "00:07:45", "text": "immediately pump our bags. I mean, you know it's bad when you're basically forced to beg, aren't you?"}, {"start": "00:07:45", "end": "00:07:52", "text": "Um, and but it did it didn't stop. It kept falling. It went to 84K. It went to 83K. Um, it actually flash crashed to"}, {"start": "00:07:52", "end": "00:07:58", "text": "80K on Hyperlid. Madness. Um, and uh, I mean, this is crazy. It's"}, {"start": "00:07:58", "end": "00:08:04", "text": "the realized losses spiked to a level that we hadn't seen since FTX. Yeah. So, coins moved at a loss, lots of"}, {"start": "00:08:04", "end": "00:08:09", "text": "these recent buyers. So, it wasn't looking too good. the weekend. It it started slowly trending"}, {"start": "00:08:09", "end": "00:08:14", "text": "up on Saturday and Sunday, but as you know, never ever trust a Sunday pump. Absolutely."}, {"start": "00:08:14", "end": "00:08:20", "text": "Um, so what's coming? Well, this week it's a relatively shorter week, at least on the trading side, because we've got"}, {"start": "00:08:20", "end": "00:08:25", "text": "Thanksgiving on Thursday. So, you know, happy Thanksgiving to all our American viewers out there."}, {"start": "00:08:25", "end": "00:08:31", "text": "Okay. Uh, we've got PPI numbers though tomorrow. So, those are some inflation numbers and then initial jobless claims"}, {"start": "00:08:31", "end": "00:08:38", "text": "on on Wednesday. Uh, so keep an eye on that. But in terms of the charts, this is the long-term this is the the daily"}, {"start": "00:08:38", "end": "00:08:45", "text": "chart of Bitcoin. And if you look at the RSI, which is an indicator of momentum, it's like it's now at a incredibly"}, {"start": "00:08:45", "end": "00:08:53", "text": "oversold levels. In fact, we haven't been this oversold since uh February. So that's posit potentially positive, but"}, {"start": "00:08:53", "end": "00:08:58", "text": "as I mentioned, never trust a Sunday pump. We still do have a small CME gap"}, {"start": "00:08:58", "end": "00:09:05", "text": "now that we opened up over lot this weekend. Okay, 85.2 2 to 85.9 and indeed right now it"}, {"start": "00:09:05", "end": "00:09:10", "text": "seems like we're slowly drifting back towards that. We'll see if we able to close it. Uh and then just looking"}, {"start": "00:09:10", "end": "00:09:17", "text": "quickly over on the options market. This is also interesting. I came across today that the most popular option instrument"}, {"start": "00:09:17", "end": "00:09:23", "text": "being bought in terms of open interest notional is the 80k put. So the $80,000"}, {"start": "00:09:23", "end": "00:09:31", "text": "put strike. Uh it used to be last week it was 85k. So, it seems that most option buyers are have a bearish tilt"}, {"start": "00:09:31", "end": "00:09:36", "text": "and are expecting us to potentially go below 80K at least in the options market. There's also downside protection"}, {"start": "00:09:36", "end": "00:09:42", "text": "and everything. Okay. So, that's what the markets are looking like. That's we're looking like you know this week."}, {"start": "00:09:42", "end": "00:09:48", "text": "Okay. So, there is there is a thought that we could that we could still still test lower levels."}, {"start": "00:09:48", "end": "00:09:54", "text": "Yeah. We'll get on to that in the next section. But if you guys are looking to trade these markets and you want to do so on a well-known, reputable"}, {"start": "00:09:54", "end": "00:10:00", "text": "international exchange, uh we couldn't do think of a better place to do it than our first brand partner which is Tubbit."}, {"start": "00:10:00", "end": "00:10:07", "text": "So Tubbit uh they currently um are a top tier international exchange. Uh and you can check them out. Uh we have a current"}, {"start": "00:10:07", "end": "00:10:13", "text": "offering on for our viewers. Uh 90 over $90,000 in trading rewards and alongside"}, {"start": "00:10:13", "end": "00:10:18", "text": "a VIP level one upgrade where you'll get 50% off trading fees for life. So it's a"}, {"start": "00:10:18", "end": "00:10:24", "text": "solid interface. deep liquidity and competitive fees and onboarding is super simple. You don't need you just need an"}, {"start": "00:10:24", "end": "00:10:30", "text": "email address, right? Uh to be able to sign up. You can sign up right now, check it out, see how it works for you, and then if you want to trade on it on"}, {"start": "00:10:30", "end": "00:10:37", "text": "it, fund your account and avail yourself of the bonuses. You can scan the QR code on the on the screen right now or hit"}, {"start": "00:10:37", "end": "00:10:44", "text": "the link down in the description and you can go and sign up there with Tubbit. Fantastic. Our thanks to Tubbit. Okay."}, {"start": "00:10:44", "end": "00:10:49", "text": "Uh I'll give you a quick overview of sentiment in the comments, Nick. Um, uh,"}, {"start": "00:10:49", "end": "00:10:56", "text": "Granada Videos 7258. That sounds like, that sounds like how my local video rental store would have"}, {"start": "00:10:56", "end": "00:11:02", "text": "answered the phone back in the old days. Um, think we'll reach, uh, back to 100K by year end."}, {"start": "00:11:02", "end": "00:11:07", "text": "Uh, it's possible. It's possible. Uh, meanwhile, uh, designer Speedy, uh,"}, {"start": "00:11:07", "end": "00:11:13", "text": "reckons, uh, BTC bottom will be around 70K. Seems a reasonable bottom as well. That's what I've seen some of the"}, {"start": "00:11:13", "end": "00:11:20", "text": "analysis say, which we'll come to in the next section for sure. Okay. Okay. Um, uh, someone else is, uh,"}, {"start": "00:11:20", "end": "00:11:26", "text": "R25269. Did guy lose all of his luggage while traveling? Is that why he looks homeless?"}, {"start": "00:11:26", "end": "00:11:34", "text": "I I I I'm pretty sure people have been saying I looked homeless ever since the first Coin Bureau video was published."}, {"start": "00:11:34", "end": "00:11:39", "text": "So, your comment is That's because you guys were in the same shirt, though. Well, yeah. You know, I like to keep I"}, {"start": "00:11:39", "end": "00:11:47", "text": "like to keep things simple. Um Um, yeah, which is easier when you're homeless. Um when and uh uh good old Brett Thompson"}, {"start": "00:11:47", "end": "00:11:54", "text": "is saying uh if you think Western Australia was good, you should have come to Melbourne for the best coffee and food Australia has to offer. Well, I'll"}, {"start": "00:11:54", "end": "00:11:59", "text": "tell you Brett, if it was if there's even better food to be had, um I'll I'll be amazed because the food I had in"}, {"start": "00:11:59", "end": "00:12:05", "text": "Western Australia was brilliant. You wouldn't have appreciated, Nick. Oh, was it"}, {"start": "00:12:05", "end": "00:12:10", "text": "there was lots of delicious steak. There was lots of there was lots of carbs. There wasn't there wasn't enough salad"}, {"start": "00:12:10", "end": "00:12:15", "text": "and sushi. Like healthy options as well. I know the Aussies are very like healthconscious individuals. So like yes and no."}, {"start": "00:12:15", "end": "00:12:21", "text": "Was just you see out these kinds of I just I was just see I was just seeking out the the lowest rent establishments"}, {"start": "00:12:21", "end": "00:12:26", "text": "possible. No, it was great. Ate ate and drank very very well. The Australians are a funny bunch though."}, {"start": "00:12:26", "end": "00:12:33", "text": "Oh no, I know. I mean as we can as we can tell from our good friend Brett in the comments. Um okay. Uh let's move on then, Nick. Um"}, {"start": "00:12:33", "end": "00:12:39", "text": "and talk about when the bottom might be on BTC because this I think is the big question now. Have we bottomed? Have we"}, {"start": "00:12:39", "end": "00:12:44", "text": "got lower to go? Yeah, where is it? It's the biggest question in crypto right now. It's basically started as a profit"}, {"start": "00:12:44", "end": "00:12:50", "text": "taking in uh minor dip etc etc. So how well let's I think let's wind back"}, {"start": "00:12:50", "end": "00:12:56", "text": "first to understand how low we could go. We need to know how we got you. A quick quick rundown. Uh it all started on a"}, {"start": "00:12:56", "end": "00:13:01", "text": "fateful 10 October day. Oh yeah. Can we can we can we forget?"}, {"start": "00:13:01", "end": "00:13:09", "text": "Uh and this is interesting. You pulled this tweet out last week, right? This is from Yeah. Yeah. Um it feels like a big force"}, {"start": "00:13:09", "end": "00:13:15", "text": "seller is in the market. We're seeing systematic selling through during specific hours. Probably a consequence of 1010 liquidations. Hard to imagine"}, {"start": "00:13:15", "end": "00:13:21", "text": "this scale of force selling continues for much longer. Now this is just one tweet of kind many that I've seen"}, {"start": "00:13:21", "end": "00:13:27", "text": "speculating that some big entity went down uh because of 1010. Now whether"}, {"start": "00:13:27", "end": "00:13:33", "text": "that was a market maker, a hedge fund, an exchange, you know, any other big"}, {"start": "00:13:33", "end": "00:13:40", "text": "entity is is not quite clear. And of course we should underline that this is speculation. Um but lots of people have"}, {"start": "00:13:40", "end": "00:13:46", "text": "been saying this and I think it's worth flagging it up. Lots of people believe that a at least one big entity got you"}, {"start": "00:13:46", "end": "00:13:53", "text": "know that that the damage from 1010 is actually worse than a lot of people realize. Yeah. Exactly. And as we've seen like"}, {"start": "00:13:53", "end": "00:13:58", "text": "with the last cycle with FTX, it it takes quite some time for the bodies to actually float to the surface and you"}, {"start": "00:13:58", "end": "00:14:04", "text": "realize who was taken out. And this is part interesting as well because this is a chart from Bloomberg and it showed the"}, {"start": "00:14:04", "end": "00:14:10", "text": "spread or um the spread in terms of what we get liquidity wise"}, {"start": "00:14:10", "end": "00:14:16", "text": "and when you have limited market depth and you have a seller like this then any sort of selling coming to the market is"}, {"start": "00:14:16", "end": "00:14:23", "text": "going to bring prices down and it seems as if also the ch price chart itself look very programmatic in terms of the"}, {"start": "00:14:23", "end": "00:14:30", "text": "the orders were placed during particular market hours when they were kind of like a TWAP exit. Yeah. Um, so that's what started it off,"}, {"start": "00:14:30", "end": "00:14:36", "text": "but I think now we're in a situation where the continuation has been and the selling is coming from the likes of ETFs"}, {"start": "00:14:36", "end": "00:14:42", "text": "and institutions. Yeah. Well, we've had the we've had the selling from Bitcoin Wales and OGs. That"}, {"start": "00:14:42", "end": "00:14:47", "text": "was, you know, that's been the thing as well, but yeah, I mean, basically November has been a terrible month. I"}, {"start": "00:14:47", "end": "00:14:53", "text": "should point out there's still about a week of it left. Maybe it will get better. So far, so far."}, {"start": "00:14:53", "end": "00:15:00", "text": "Um, but yes. Um, and it makes, you know, this headlines like this make sense when you realize that the average ETF"}, {"start": "00:15:00", "end": "00:15:06", "text": "investor is now in the red. Yes. This is the average ETF price. We pulled from K33 research note last week,"}, {"start": "00:15:06", "end": "00:15:11", "text": "$89,651, the average price of all ETFs in aggregate."}, {"start": "00:15:11", "end": "00:15:16", "text": "Um, so that's why they're selling potentially. They're in a loss. And then of course the other big entity"}, {"start": "00:15:16", "end": "00:15:22", "text": "that been driving things up in the runup are now selling as well as everyone had predicted they would do eventually. And"}, {"start": "00:15:22", "end": "00:15:28", "text": "this is digital asset treasury companies, DATs. Yeah. I mean, this was pretty easy to"}, {"start": "00:15:28", "end": "00:15:35", "text": "see coming. I think I don't think if if anyone's surprised about uh DAT selling, then you really haven't been paying"}, {"start": "00:15:35", "end": "00:15:40", "text": "attention, but um yeah, this I think was always going to happen. Um we talked about this a lot, but obviously, you"}, {"start": "00:15:40", "end": "00:15:48", "text": "know, it all it all piles into the sell pressure. Um meanwhile, we've also had a massive sell-off in tech as well. As we"}, {"start": "00:15:48", "end": "00:15:53", "text": "pointed out earlier, it's not just crypto that is suffering at the moment. tech stocks in general are taking a bit"}, {"start": "00:15:53", "end": "00:16:00", "text": "of a beating. Um, this seems to be largely because of uncertainty around the the AI trade. Right."}, {"start": "00:16:00", "end": "00:16:06", "text": "Exactly. Around the circular financing, vendor financing and the massive buildout in data center industrial"}, {"start": "00:16:06", "end": "00:16:12", "text": "complex. So that itself is causing issues for the the stock markets and NASDAQ is down like 7% this month or"}, {"start": "00:16:12", "end": "00:16:19", "text": "something. Um, so now that's what happened. Now we come to the question of where could we potentially see the bottom levels you"}, {"start": "00:16:19", "end": "00:16:25", "text": "know and trying to catch that falling knife you know. Oh yeah."}, {"start": "00:16:25", "end": "00:16:31", "text": "So according to head Bitwise's head of research Andre Dwash uh he says that um"}, {"start": "00:16:31", "end": "00:16:38", "text": "we could potentially see it at about uh 73 to a zone between 73 and 84k. And"}, {"start": "00:16:38", "end": "00:16:43", "text": "that's important for two reasons. One is because the 73K is where if you remember"}, {"start": "00:16:43", "end": "00:16:49", "text": "that chart from K33 that is the average price for MSTR cost basis. So the"}, {"start": "00:16:49", "end": "00:16:56", "text": "average micro strategy or strategy buy price right so that's one potential place zone and then the 84k level is the"}, {"start": "00:16:56", "end": "00:17:01", "text": "average price of the IBET ETF itself. So he says that a definitive bottom will"}, {"start": "00:17:01", "end": "00:17:07", "text": "likely form within the 73k to 84k range because these are fire sale levels indic"}, {"start": "00:17:07", "end": "00:17:14", "text": "indicative of a complete reset in market sentiment. Okay. Um meanwhile we've also got uh"}, {"start": "00:17:14", "end": "00:17:20", "text": "glass node um identifying the range between around about 82k um and the high"}, {"start": "00:17:20", "end": "00:17:27", "text": "80ks and they're calling this quote the definitive dividing range between a mild pullback and you know a deeper bare"}, {"start": "00:17:27", "end": "00:17:34", "text": "market phase. Yeah. So we've already broken below the 87k range which was the active investor realized price and then the true market"}, {"start": "00:17:34", "end": "00:17:40", "text": "mean of all Bitcoin is at about 82k. So hopefully we don't fall below the 82k"}, {"start": "00:17:40", "end": "00:17:45", "text": "level. Yes. Let's see. There's there be dragons below there. Right. Exactly. Yeah. Free fall."}, {"start": "00:17:45", "end": "00:17:53", "text": "Um now someone else uh someone else who we've mentioned a few times um in this show is uh Marcus Tan from 10X. What's"}, {"start": "00:17:53", "end": "00:17:59", "text": "he he's talking about fear and greed. Right. So basically he has this proprietary fear and greed index and um"}, {"start": "00:17:59", "end": "00:18:06", "text": "we've now crossed over the bottom of this fear uh level and previously this happened in June 24 and this has point"}, {"start": "00:18:06", "end": "00:18:12", "text": "been a place at which you have a strong rebound um in Bitcoin's price. So he says historically when sentiment is this"}, {"start": "00:18:12", "end": "00:18:18", "text": "depressed Bitcoin has been near at least a short-term bottom often seen a relief bounce shortly"}, {"start": "00:18:18", "end": "00:18:25", "text": "after. Okay. Um he also says uh that prices can still fall further. Yet Bitcoin still"}, {"start": "00:18:25", "end": "00:18:30", "text": "staged a 10% rebound immediately after that initial sentiment low. Um so that"}, {"start": "00:18:30", "end": "00:18:35", "text": "suggests the final bottom may not be in just yet. Not just yet. And indeed someone else"}, {"start": "00:18:35", "end": "00:18:40", "text": "who shares that view and this is quite concerning is the head of trading at"}, {"start": "00:18:40", "end": "00:18:46", "text": "Galaxy Research. Now I listened to this on a podcast yesterday. Uh it's uh the Galaxy Brains podcast where you have uh"}, {"start": "00:18:46", "end": "00:18:54", "text": "the head of research of Galaxy Brains and then the of Galaxy Research and the um uh Galaxy Digital Digital sorry and"}, {"start": "00:18:54", "end": "00:19:01", "text": "uh uh the head of trading who is this who said that he thinks and he's been quite quite accurate in his calls the"}, {"start": "00:19:01", "end": "00:19:07", "text": "past two months and he said that historically the absolute bottom for a bare market if we're in a full-on bare"}, {"start": "00:19:07", "end": "00:19:12", "text": "market right now all this stuff is generally the 200 week moving average"}, {"start": "00:19:12", "end": "00:19:18", "text": "and that is currently sitting at 66.4K. O. So that's what he's saying at the"}, {"start": "00:19:18", "end": "00:19:24", "text": "absolute if this is a full-on bare market. If we go into sort of bare market lows, but that would be the buying buying point if you really want"}, {"start": "00:19:24", "end": "00:19:29", "text": "to uh identify a period of like that's the absolute bottom. But you you know"}, {"start": "00:19:29", "end": "00:19:34", "text": "it's all based on probabilities these things, right? So you you form a view on where you think things could"}, {"start": "00:19:34", "end": "00:19:41", "text": "probabilistically go. You have set levels. Um and indeed it lies relies on your"}, {"start": "00:19:41", "end": "00:19:47", "text": "view of whether you think we're actually in a full-blown bare market or not. Yeah. Yeah. There's um we're actually"}, {"start": "00:19:47", "end": "00:19:52", "text": "doing a video later this week or maybe early next week about how low crypto can"}, {"start": "00:19:52", "end": "00:19:58", "text": "go and we're kind of you know there's there's lots of lenses that you can look at this through you can analyze it due"}, {"start": "00:19:58", "end": "00:20:03", "text": "via looking at past cycles and actually if you look at it through past cycles you know the draw down could be a lot"}, {"start": "00:20:03", "end": "00:20:09", "text": "more but you know we could be going towards the 30 to 40k range now before you panic I don't personally think that"}, {"start": "00:20:09", "end": "00:20:17", "text": "we are going that low because of the very different market structure that we have now ETFs DATs, uh, etc., etc. So,"}, {"start": "00:20:17", "end": "00:20:24", "text": "you know, I don't think we're going that low, but it's I mean, it's certainly with Bitcoin and with crypto in general,"}, {"start": "00:20:24", "end": "00:20:31", "text": "you know, it's complacency that that kills you a lot of the time, doesn't it? Um, but uh, yeah, so I mean, these sort"}, {"start": "00:20:31", "end": "00:20:39", "text": "of these estimates are saying, you know, maybe mid60s um, uh, to sort of low 70s."}, {"start": "00:20:39", "end": "00:20:44", "text": "Yeah, let's see how it goes this week. Like I say, important to watch the economic data coming out and all that,"}, {"start": "00:20:44", "end": "00:20:50", "text": "but uh it could form potential buy zones. Uh but you have to watch let's first close that gap hopefully and then let's see"}, {"start": "00:20:50", "end": "00:20:57", "text": "where we go from there. Yeah. But um either way, if you trade in these markets or if you hold huddling your Bitcoin for life, uh and you want to"}, {"start": "00:20:57", "end": "00:21:02", "text": "store your Bitcoin for the next cycle to cash out above 100K in the next cycle, if we are in a bare market, then you're"}, {"start": "00:21:02", "end": "00:21:07", "text": "going to want to store it in a secure place. And the best place to do that is in a tandem hardware wallet,"}, {"start": "00:21:07", "end": "00:21:13", "text": "self-custodial cold storage. And um it's your one all-in-one crypto solution with"}, {"start": "00:21:13", "end": "00:21:19", "text": "no seed phrases or middlemen. Just tap and go. Yep. Absolutely. Um Tang very very uh"}, {"start": "00:21:19", "end": "00:21:24", "text": "very versatile as well. You know, you can use it as a web wallet. They also have uh Tandem Pay"}, {"start": "00:21:24", "end": "00:21:30", "text": "um that you can use now. Um so very good as not only a hardware device uh but"}, {"start": "00:21:30", "end": "00:21:35", "text": "something that you can go and use in DeFi as well. So yeah, if you use the QR code over there or the link down in the"}, {"start": "00:21:35", "end": "00:21:42", "text": "description, you'll get a 10% discount on the device and you can sign up for the waiting list for the card itself as"}, {"start": "00:21:42", "end": "00:21:47", "text": "well. Okay, fantastic. All right, so we've talked a lot about Bitcoin. Um, we also"}, {"start": "00:21:47", "end": "00:21:53", "text": "need to talk about ETH as well. Um, yeah, I'm afraid we don't talk about ETH."}, {"start": "00:21:53", "end": "00:22:00", "text": "Um, because yeah, you know, this the the ETH rally that we saw a few months ago. Uh many people thought that might lead"}, {"start": "00:22:00", "end": "00:22:07", "text": "to sort of better things for altcoins in general. Um but ETH of course has been bleeding as well. Um even though it has"}, {"start": "00:22:07", "end": "00:22:13", "text": "spot ETFs, it has DATs, it has a sort of mini Michael Sailor figure uh bulling"}, {"start": "00:22:13", "end": "00:22:18", "text": "about it left, right, and center. Um so the question is and also um if you"}, {"start": "00:22:18", "end": "00:22:25", "text": "watched our video uh from Sunday, I think it was you'll know that it has an important upgrade Fusaka uh coming up um"}, {"start": "00:22:25", "end": "00:22:31", "text": "early next month. Um, so that could be next week I think if uh if my memory serves me correctly. And obviously"}, {"start": "00:22:31", "end": "00:22:36", "text": "Ethereum upgrades have in the past uh been bullish for ETH. So it's definitely"}, {"start": "00:22:36", "end": "00:22:42", "text": "something to watch there. So there is a lot going on for Ethereum at the moment. The question is can it hold these levels"}, {"start": "00:22:42", "end": "00:22:47", "text": "and can it can it regain um you know that that all-time high from that it was"}, {"start": "00:22:47", "end": "00:22:54", "text": "looking at just a few months ago. I mean, to be honest, mate, the fact that it didn't even break the alltime high cycle after all of that stuff you just"}, {"start": "00:22:54", "end": "00:22:59", "text": "mentioned, I'm like, like literally a few dollars. I'm an ETH holder. All right. I'm just"}, {"start": "00:22:59", "end": "00:23:05", "text": "trying to I'm just trying to put a positive spin on it. It's like, oh, put the champagne away."}, {"start": "00:23:05", "end": "00:23:11", "text": "It's no longer alltime high for the next cycle. Okay. Yeah. Anyways. Okay. So, where could we potentially go? I"}, {"start": "00:23:11", "end": "00:23:18", "text": "mean, so looking at the price charts, this is a daily chart of ETH and um it's potenti it's going towards a death"}, {"start": "00:23:18", "end": "00:23:23", "text": "cross, right? In terms of you see the 200 week, the 200 day and the 50-day moving average. That's generally a"}, {"start": "00:23:23", "end": "00:23:29", "text": "bearish signal. We we still have time to save it. We'll have to see how it hap what happens over the next few days and"}, {"start": "00:23:29", "end": "00:23:34", "text": "weeks. Uh I will note though, we have bounced from a previous consolidation uh"}, {"start": "00:23:34", "end": "00:23:42", "text": "zone. So it's acted as a support. We'll have to see if it does comes back and challenges it later. ETH BTC itself is"}, {"start": "00:23:42", "end": "00:23:48", "text": "approaching a key support and accumulation zone on the weekly that we had initially before it began its run up"}, {"start": "00:23:48", "end": "00:23:53", "text": "uh about six months ago. So let's hope we can hold that level cuz if it does"}, {"start": "00:23:53", "end": "00:23:59", "text": "break down it falls below the accumulation zone then you know it could be it could fall rel relative to"}, {"start": "00:23:59", "end": "00:24:04", "text": "Bitcoin. Okay. Now this uh if that does happen then that would stick the boot still"}, {"start": "00:24:04", "end": "00:24:10", "text": "further um into an entity that at the moment is $4 billion in debt and that is"}, {"start": "00:24:10", "end": "00:24:17", "text": "Bitmine uh the largest Ethereum uh DAT um led by this man uh Tom Lee. Um"}, {"start": "00:24:17", "end": "00:24:24", "text": "Bitmine Emmerion sitting on a $4 billion loss on EtherBet as analysts warn of structural issues."}, {"start": "00:24:24", "end": "00:24:30", "text": "Yeah, the structural issue here is the fact that he holds 3% of Ether's supply. So that's a risky that's a structural"}, {"start": "00:24:30", "end": "00:24:35", "text": "issue. It has been a rough ride for Tom Lee though. I'm Yes, that was a popular popular meme"}, {"start": "00:24:35", "end": "00:24:41", "text": "last week. I mean it's it's been a rough ride for ETH DATs in general. Obviously Bitmine is Bitmine is the biggest and"}, {"start": "00:24:41", "end": "00:24:47", "text": "obviously uh suffering the most at the moment but in general sort of ETH DATs have been selling a lot a lot funnily"}, {"start": "00:24:47", "end": "00:24:53", "text": "enough um I should point this out now. I don't know if we're going to get to this at some point, but um the DATs that or"}, {"start": "00:24:53", "end": "00:24:58", "text": "the ETFs I should say that have launched for Soul and uh XRP have not yet seen"}, {"start": "00:24:58", "end": "00:25:04", "text": "any major outflows. No, no, not major. They haven't. I don't think they've seen a day of outflows yet, which is bloody impressive, which"}, {"start": "00:25:04", "end": "00:25:10", "text": "is great. I like who's buying it. I mean, unless uh there's some shell game stuff going on with people like the uh"}, {"start": "00:25:10", "end": "00:25:16", "text": "you know, inind contributions. They're swapping their XRP. I think that I was I did an interview with James Seafford on"}, {"start": "00:25:16", "end": "00:25:23", "text": "the weekend and um he's the Bloomberg ETF guy and he said part of the reason why you seeing this uh price action"}, {"start": "00:25:23", "end": "00:25:30", "text": "being flat or down and then you have these inflows in the ETFs is because these are inind so people can swap their"}, {"start": "00:25:30", "end": "00:25:36", "text": "uh their whole tokens XRP or soul get ETF shares. There's no net buying."}, {"start": "00:25:36", "end": "00:25:42", "text": "Oh, I see. That's interesting. That's interesting. Anyway, that's a little bit off topic um because we're talking about DATs, but I thought I'd just mention"}, {"start": "00:25:42", "end": "00:25:48", "text": "that because I remember we were discussing that earlier and that is interesting. So, um where could the floor be for Ethan?"}, {"start": "00:25:48", "end": "00:25:53", "text": "Well, we can we can lean on two analysts here. Firstly, Mr. Ral Pal of he of"}, {"start": "00:25:53", "end": "00:25:59", "text": "Banana's own fame. Um he compares the current crash in ETH about negative 42%"}, {"start": "00:25:59", "end": "00:26:06", "text": "from the highs to 2021's 62% drop which which did reverse sharply to new highs."}, {"start": "00:26:06", "end": "00:26:12", "text": "And just to summarize this, it's consistent with his consistent with his 2021 cycle thesis where ETH bottomed"}, {"start": "00:26:12", "end": "00:26:18", "text": "around $1,700 to $2,000 before rallying. If you extrapolate that out, he"}, {"start": "00:26:18", "end": "00:26:23", "text": "potentially could see ETH bottoming at about $2,00"}, {"start": "00:26:28", "end": "00:26:34", "text": "convergence with tokenization, etc., ETH could rally back again towards all-time highs. At least that's his theory. So"}, {"start": "00:26:34", "end": "00:26:42", "text": "that's Ral Powell. Meanwhile, um Tom Lee coming back. Tom Lee is I think it's you know Tom Lee"}, {"start": "00:26:42", "end": "00:26:48", "text": "is slightly bullish on ETH. Slightly. I mean yeah he thinks that we're going to have a super cycle in ETH"}, {"start": "00:26:48", "end": "00:26:53", "text": "with akin to Bitcoin super cycle. I didn't even know Bitcoin had a super cycle but"}, {"start": "00:26:53", "end": "00:27:00", "text": "who knew? So So he reckons uh Tom Lee reckons we could bottom at around 2 and a halfK. Um"}, {"start": "00:27:00", "end": "00:27:06", "text": "but that would lead to all-time highs by spring 2026. Yeah. And he notes that the decline from all-time highs has been"}, {"start": "00:27:06", "end": "00:27:13", "text": "sharp, but expects a faster recovery due to historical patterns where ETH rebounds harder and quicker post draw"}, {"start": "00:27:13", "end": "00:27:19", "text": "downs. Yeah. And he also cited Black Rockck um uh they registered a new staked Ether"}, {"start": "00:27:19", "end": "00:27:27", "text": "Trust uh ETF in Delaware and uh Tomley reckons that indicates confidence in ETH below 3K um with potential inflows into"}, {"start": "00:27:27", "end": "00:27:34", "text": "that staked product uh offsetting outflows. Now, of course, there are other staked ETFs available and the"}, {"start": "00:27:34", "end": "00:27:40", "text": "attraction of those is that they offer, you know, a yield through staking. Um, but of course, Black Rockck doesn't yet"}, {"start": "00:27:40", "end": "00:27:46", "text": "offer um a staked ETH ETF. So, the fact that it's registering for one and obviously Black Rockck's uh spot bitcoin"}, {"start": "00:27:46", "end": "00:27:52", "text": "and spot ETH ETFs are the biggest by a wide margin. So, if Black Rockck enters"}, {"start": "00:27:52", "end": "00:27:59", "text": "the game in terms of st make a difference, be some option for people to get some yield. Yep. Yeah. Uh, so there we've got"}, {"start": "00:27:59", "end": "00:28:06", "text": "RA at $2,000 to $2,200. Tom Lee says about $2,500. This from a technical perspective, this"}, {"start": "00:28:06", "end": "00:28:13", "text": "chart was interesting. This is from Trader Ali on uh on Twitter. And he looked at the MVRV um Z score and"}, {"start": "00:28:13", "end": "00:28:21", "text": "bands. And on this chart potentially, he could see a bottom around $2,000, which is the lower of the MVRV um bands over"}, {"start": "00:28:21", "end": "00:28:28", "text": "there. That's generally been a place at which ETH would have rebounded from. Mhm. So those are three predictions out there"}, {"start": "00:28:28", "end": "00:28:33", "text": "uh in terms of where ETH could fall to as a low. I mean what are you thinking guy?"}, {"start": "00:28:33", "end": "00:28:39", "text": "I mean I reckon I reckon 2K would would I think if we get below 2K we're in big"}, {"start": "00:28:39", "end": "00:28:47", "text": "trouble. Yeah. Um but I think it should hold again because of things like debts and well well more importantly ETFs. Um but I"}, {"start": "00:28:47", "end": "00:28:55", "text": "think the narrative is still there for Ethereum. I don't think um I don't think you know the the the haters are um all"}, {"start": "00:28:55", "end": "00:29:01", "text": "that you know all that correct but let's let's see but I think 2K should hold. Yeah, there's been a lot of hate coming"}, {"start": "00:29:01", "end": "00:29:07", "text": "back for for ETH on on the crypto timeline the Twitter timeline which is if you recall back to six seven months"}, {"start": "00:29:07", "end": "00:29:12", "text": "ago uh you how much hate there was for ETH then it generally doesn't tend to end"}, {"start": "00:29:12", "end": "00:29:18", "text": "well for the haters. So I wouldn't write e or e ether off in any capacity and there still the the future financial"}, {"start": "00:29:18", "end": "00:29:25", "text": "system is being built on ETH. So let's not forget that guys. Yeah, Ethereum hate is is is a sort of professional pastime on uh on crypto"}, {"start": "00:29:25", "end": "00:29:31", "text": "Twitter. Um okay. Uh so it's yeah it's ETH will ETH will be okay."}, {"start": "00:29:31", "end": "00:29:38", "text": "It'll be okay. All right. Um now if you're looking to trade ETH or indeed any other crypto assets um"}, {"start": "00:29:38", "end": "00:29:44", "text": "then a wonderful place to do so is our third brand partner and that is BitGet. Um, and we have a giveaway that we want"}, {"start": "00:29:44", "end": "00:29:50", "text": "to do for Coin Bureau News viewers um, of a portfolio uh, at the end of the quarter. We've been, you might have been"}, {"start": "00:29:50", "end": "00:29:57", "text": "following this over the last few weeks. We have a portfolio that we've been uh, using BitGet to, uh, to build up."}, {"start": "00:29:57", "end": "00:30:03", "text": "Yeah, exactly. So, it's about, it started at $5,000. Know where we don't know where we at today. Where are we at?"}, {"start": "00:30:03", "end": "00:30:08", "text": "4,600. 4,600. So, not that could be worse. Could be worse. Could be worse. Not that"}, {"start": "00:30:08", "end": "00:30:14", "text": "bad. Uh, so that's still what's up for grab, guys. Up for grabs. We've got about another month or two uh going in"}, {"start": "00:30:14", "end": "00:30:20", "text": "the competition. All you need to do to participate is have a BitGate account and you and you can sign up right there."}, {"start": "00:30:20", "end": "00:30:26", "text": "Scan that QR code uh and you have to watch the stream and you have to vote on the trades. And if you if you sign up at"}, {"start": "00:30:26", "end": "00:30:32", "text": "Bitgate, by the way, you also have a lot of other goodies there. You've got the 50K USDT bonus and uh there's also"}, {"start": "00:30:32", "end": "00:30:39", "text": "trading fee discounts. So, as it relates to the competition itself for this stream, uh we're going to now pull up a"}, {"start": "00:30:39", "end": "00:30:45", "text": "vote for uh the coin you guys want us to add this week to the portfolio. Three"}, {"start": "00:30:45", "end": "00:30:50", "text": "altcoin options. We thought we'd go with some OG u three alcoin options and one"}, {"start": "00:30:50", "end": "00:30:57", "text": "stable coin option. If you don't want to buy anything and you want to huddle stables to the next week, uh and you can vote for them right now"}, {"start": "00:30:57", "end": "00:31:05", "text": "uh in the stream. And the options are USDT, AR, link, and AVAC."}, {"start": "00:31:05", "end": "00:31:10", "text": "Okay. Do you want us to just hold in USDT or should we buy uh I mean, yes,"}, {"start": "00:31:10", "end": "00:31:16", "text": "some of these are old school, aren't they? Ave, link or AVAC? Let us know. Um, vote on that now and then uh a"}, {"start": "00:31:16", "end": "00:31:22", "text": "little later we'll uh close that poll and then you can vote on the allocation of the portfolio."}, {"start": "00:31:22", "end": "00:31:27", "text": "30% guys, really 30% on the likes. Not good enough. And I"}, {"start": "00:31:27", "end": "00:31:34", "text": "tell you what, if we don't get to 100% of likes, I'll start talking about cricket again. You've had the carrot."}, {"start": "00:31:34", "end": "00:31:39", "text": "It's now time for guys. No, please. I can't be in here in the room. You might you might have to watch Nick"}, {"start": "00:31:39", "end": "00:31:44", "text": "slowly expire as I talk through those two days at the test match at the uh at"}, {"start": "00:31:44", "end": "00:31:50", "text": "the Optus Stadium in Perth. So, if you don't want that to happen, guys, hit that like button. Get us to 100% on that"}, {"start": "00:31:50", "end": "00:31:58", "text": "thing. I'd rather watch Bitcoin go to zero than listen to that, guys. Honestly, there we are. There we are. Nick's sanity is uh is on the line here, folks."}, {"start": "00:31:58", "end": "00:32:05", "text": "Okay. Um let's have a look at uh last week's top performers then, shall we? Indeed. So, the first one on the list is"}, {"start": "00:32:05", "end": "00:32:11", "text": "bit of an OG here. Bitcoin Cash. Bitcoin Cash. And it just got a DAT."}, {"start": "00:32:11", "end": "00:32:16", "text": "Okay. Wow. So, on the 22nd of of November, MF International, a major Hong Kong based"}, {"start": "00:32:16", "end": "00:32:21", "text": "financial institution, revealed plans to acquire $500 million worth of BCH for"}, {"start": "00:32:21", "end": "00:32:27", "text": "its corporate treasury by December. Okay. Interesting. There we are. Another dino coin. Made a mistake and they thought they"}, {"start": "00:32:27", "end": "00:32:34", "text": "were going to accumulate Bitcoin and they had well uh I mean Bitcoin Bitcoin Cash is"}, {"start": "00:32:34", "end": "00:32:41", "text": "an interesting one, isn't it? It's I quite seems to sort of be um be a bit of a contrarian bet a lot the time when the"}, {"start": "00:32:41", "end": "00:32:48", "text": "rest of the market is down quite often Bitcoin Cash will be there sort of just solely outperforming. That my friend is called manipulation."}, {"start": "00:32:48", "end": "00:32:53", "text": "Okay. You're so cynical, Mick. You're so cynical. Okay. Uh, next up we have Myyx"}, {"start": "00:32:53", "end": "00:33:00", "text": "Finance and it's Myx token. Uh, this is a cross-chain per DEX. It recently rolled out liquid restaking features"}, {"start": "00:33:00", "end": "00:33:05", "text": "allowing users to earn yields on staked collateral while also trading per. So,"}, {"start": "00:33:05", "end": "00:33:11", "text": "you know, you're earning interest whilst uh whilst being a complete degenerate. Um, TVL's also climbed to a new all-time"}, {"start": "00:33:11", "end": "00:33:16", "text": "high of $187 million. Wow. Yeah. How about that? I mean, yeah. Now, now you'll also earn"}, {"start": "00:33:16", "end": "00:33:22", "text": "yield while you're getting wrecked on your per. Well done. So, perfect. Perfect. Uh, okay. What's next?"}, {"start": "00:33:22", "end": "00:33:28", "text": "This is Pi. Now Picoin, this is generally quite a controversial project in crypto, right? Because it's kind of"}, {"start": "00:33:28", "end": "00:33:33", "text": "like it was the whole mining thing, right? With the mining with the phone on your phone. Phone. Exactly. Anyways, they"}, {"start": "00:33:33", "end": "00:33:40", "text": "recently got EU Mica approval. So, okay. Well done to them. Um, and they also got an integration"}, {"start": "00:33:40", "end": "00:33:46", "text": "with ISO200022, which is a bit of a kind of cult thing in in crypto, isn't it? Um, basically"}, {"start": "00:33:46", "end": "00:33:52", "text": "this gives it sort of full alignment with global banking standards and enables interoperability with Swift and"}, {"start": "00:33:52", "end": "00:33:57", "text": "traditional finance rails. Wow. Okay. Who would have who would have guessed on that? Future of Finance is not built on ET."}, {"start": "00:33:57", "end": "00:34:03", "text": "It's built on Pi. There we are. Apparently. Okay. And finally, uh, we have World Liberty"}, {"start": "00:34:03", "end": "00:34:08", "text": "Financial, uh, and WLFI. Um, couldn't see much reason for this pump other than"}, {"start": "00:34:08", "end": "00:34:14", "text": "the small token burn last week. Um, and presumably Justin Sun's tokens are still"}, {"start": "00:34:14", "end": "00:34:20", "text": "locked. Are they? I don't know. Maybe. Probably. Yeah. I mean, there were there was also some FUD last week about this"}, {"start": "00:34:20", "end": "00:34:27", "text": "as well. I believe there was tokens that were locked or that they voted to move or something. I don't know. Some FUD,"}, {"start": "00:34:27", "end": "00:34:32", "text": "but there was some shenanigans that went there. But, um, yeah. Well, uh, WLFI is"}, {"start": "00:34:32", "end": "00:34:38", "text": "nonetheless one of the top gainers for this week. I mean, I must say it wasn't there wasn't a huge amount of gains this"}, {"start": "00:34:38", "end": "00:34:44", "text": "week. stable coins, maybe one or two stable coins or what else they exchange tokens. Yeah, that was about it. That was about"}, {"start": "00:34:44", "end": "00:34:50", "text": "it. Okay, we are now going to close the poll for which coin we should add uh"}, {"start": "00:34:50", "end": "00:34:57", "text": "coin or token we should add to the portfolio this week. Um so before we get you to vote on what allocation, what is"}, {"start": "00:34:57", "end": "00:35:03", "text": "the winner of this week's poll? Link. The link marines are storming the"}, {"start": "00:35:03", "end": "00:35:10", "text": "beaches once again. There we go. Okay, so we're going to buy some link for the portfolio this week. Um, so we'll now open another poll. What"}, {"start": "00:35:10", "end": "00:35:17", "text": "allocation should we do? Um, should we just do a 25% allocation, a 50% allocation, or or well, you'll see the"}, {"start": "00:35:17", "end": "00:35:24", "text": "other options. 75 or should we full port all that stable into link? Please, not the latter, guys."}, {"start": "00:35:24", "end": "00:35:30", "text": "Remember, you guys want to win this portfolio. So, let's see. The link marines are in the driving seat. Okay. Uh now before we"}, {"start": "00:35:30", "end": "00:35:35", "text": "look at tweets of the week, it is time for Lewis uh and his wonderful TA. So"}, {"start": "00:35:35", "end": "00:35:39", "text": "Lewis, over to you, sir."}, {"start": "00:35:43", "end": "00:35:50", "text": "TA. All right, guys. So there's not going to be a huge update for me for today"}, {"start": "00:35:50", "end": "00:35:55", "text": "because things are still very, very bearish. However, we have come into a really important zone, which is the"}, {"start": "00:35:55", "end": "00:36:02", "text": "weekly bullish order block for Bitcoin at $85,000 or $85,700 um to be precise."}, {"start": "00:36:02", "end": "00:36:08", "text": "And uh so I would expect there to be a good reaction from this area. And the other thing that I noticed is that we're"}, {"start": "00:36:08", "end": "00:36:14", "text": "on the fourth week of, you know, we had four completed weeks of it being in a"}, {"start": "00:36:14", "end": "00:36:20", "text": "downtrend, you know, so there's four red candles. And if we have a fifth weekly red candle, that will be the first time"}, {"start": "00:36:20", "end": "00:36:27", "text": "that that's happened ever since April of 2022. So, it's pretty rare that we get five"}, {"start": "00:36:27", "end": "00:36:32", "text": "weeks straight of down only price action for Bitcoin. So, we have that and we"}, {"start": "00:36:32", "end": "00:36:39", "text": "have the weekly bullish order block. Um, so I would, you know, I would expect a bounce and uh that's what I'm hoping for"}, {"start": "00:36:39", "end": "00:36:44", "text": "because I personally I bought back in. Um, but you know, things could be happening. Something could be happening"}, {"start": "00:36:44", "end": "00:36:50", "text": "under the surface. What I think might be happening is that during that October 10th big liquidation event, I think that"}, {"start": "00:36:50", "end": "00:36:56", "text": "a big big player did actually get wiped out and they're just liquidating all of their positions. And I'm pretty sure"}, {"start": "00:36:56", "end": "00:37:02", "text": "that once they finish, um, we'll see what, you know, happens and it'll come to light, what the truth is or whatever"}, {"start": "00:37:02", "end": "00:37:07", "text": "and why things are selling right now. And so that's my take on Bitcoin. Essentially, I'm hoping for a bounce up"}, {"start": "00:37:07", "end": "00:37:14", "text": "to at least like 95K and we're at a good level right now, but I also wouldn't be surprised if this doesn't end up being"}, {"start": "00:37:14", "end": "00:37:21", "text": "the bottom. So, even if we do get a bounce, I would be wanting to sell. And then we have Ethereum. I do like where Ethereum is at a lot more, to be honest."}, {"start": "00:37:21", "end": "00:37:29", "text": "And I like this because if you take the Fibonacci from the bottom that it happened in April 7th of 2025 at 1,383"}, {"start": "00:37:29", "end": "00:37:35", "text": "and you take that all the way up to the top at 4,955. Well, the 61.8 is basically exactly"}, {"start": "00:37:35", "end": "00:37:41", "text": "where we are right now at let's say uh 2,800. So, this is a really good area"}, {"start": "00:37:41", "end": "00:37:47", "text": "where there's a very high probability of the Ethereum bouncing. And if if Ethereum bounces, then typically"}, {"start": "00:37:47", "end": "00:37:53", "text": "altcoins tend to bounce as well. So, I'm very I'm I'm much more prone to think"}, {"start": "00:37:53", "end": "00:38:00", "text": "that we will be bouncing from this golden ratio plus big support resistance area uh where we are on Ethereum right"}, {"start": "00:38:00", "end": "00:38:08", "text": "now. And so, because these assets are at really really big support zones, that makes me not want to short. But if there"}, {"start": "00:38:08", "end": "00:38:16", "text": "are big bounces across the board, which fingers crossed there will be, then obviously I'll be looking for shorting opportunities. And as far as alts go,"}, {"start": "00:38:16", "end": "00:38:21", "text": "what I would like to do is look for, you know, big big areas like big big support"}, {"start": "00:38:21", "end": "00:38:28", "text": "areas. I mean, look at look at Salana right now. We're at this big big support area, but uh in downtrends and in bare"}, {"start": "00:38:28", "end": "00:38:34", "text": "markets, which we're pretty much in one right now, the supports get broken. And so this is a big lesson that I learned"}, {"start": "00:38:34", "end": "00:38:40", "text": "the hard way back I think in 2018 and that is that if there is a big support typically you want to buy at the support"}, {"start": "00:38:40", "end": "00:38:47", "text": "like that but that's what you want to do you know in uptrends right but in downtrends if you buy at the support"}, {"start": "00:38:47", "end": "00:38:53", "text": "well it's just it's just going to go underneath of it and so I don't really want to be looking necessarily for longs"}, {"start": "00:38:53", "end": "00:38:58", "text": "unless it's at the support and I see a really really good bullish setup and"}, {"start": "00:38:58", "end": "00:39:05", "text": "when I do go long in this type of market I'd want to take my profits pretty quickly and uh make sure that I lock it"}, {"start": "00:39:05", "end": "00:39:11", "text": "in and raise my stop losses, you know, into profits as soon as they do get into profit. And I think that's just like for"}, {"start": "00:39:11", "end": "00:39:18", "text": "most people, they'd probably be better off either just not trying to trade this market or just waiting until things look"}, {"start": "00:39:18", "end": "00:39:24", "text": "better in order to actually put their money into things or wait until things look way way worse potentially. Fingers"}, {"start": "00:39:24", "end": "00:39:30", "text": "crossed that doesn't happen and then just, you know, buy it and hold it until the next cycle or whatever. And so"}, {"start": "00:39:30", "end": "00:39:36", "text": "basically to reiterate on what I just said, you know, I'll look for things that are at support, you know, like chain link for example, this is at a"}, {"start": "00:39:36", "end": "00:39:43", "text": "really nice support and I'll wait to see if a trade setup actually happens somewhere over here to go in and then"}, {"start": "00:39:43", "end": "00:39:50", "text": "I'll go in. But I think going in preemptively with your full stack is probably not the best idea. Okay, so"}, {"start": "00:39:50", "end": "00:39:57", "text": "that's going to be the trading aspect of what I'm talking about here, where if something is at a big support, then I will look for longs, but I'm going to be"}, {"start": "00:39:57", "end": "00:40:02", "text": "taking my profits very, very quickly, and I'm going to be trailing my stop losses up into take profit. And if"}, {"start": "00:40:02", "end": "00:40:07", "text": "things do get a bounce, then I'm going to be shorting the market. However, there's one other component that I must talk about, which is dollar cost"}, {"start": "00:40:07", "end": "00:40:14", "text": "averaging. Because in these markets, dollar cost averaging is the play. It is the best thing that most people just"}, {"start": "00:40:14", "end": "00:40:19", "text": "average people passive investors who are not active traders like myself dollar cost averaging in these type of"}, {"start": "00:40:19", "end": "00:40:25", "text": "downtrending markets is the best thing because it lowers your average cost basis. So, that is going to be another"}, {"start": "00:40:25", "end": "00:40:31", "text": "thing that I am doing where I am just buying on a weekly basis. And every time that we make a lower low, I'm just going"}, {"start": "00:40:31", "end": "00:40:37", "text": "to be buying more and more Bitcoin. And you have to be very, very choosy on whatever coin you do pick. And that's"}, {"start": "00:40:37", "end": "00:40:42", "text": "why I'm picking Bitcoin because I'm pretty sure that's going to be above $100,000 sometime in the future. And I"}, {"start": "00:40:42", "end": "00:40:48", "text": "want to lower my dollar cost average basis with that. And then if we happen to get a huge huge huge dump, you know,"}, {"start": "00:40:48", "end": "00:40:55", "text": "to some ridiculous number where the value just seems so insane, then I'll just throw everything I have in there and then walk away and just wait. And so"}, {"start": "00:40:55", "end": "00:41:01", "text": "I had to mention that in this video because this is the time that you want to be dollar cost averaging small lumps of money into the market whenever it"}, {"start": "00:41:01", "end": "00:41:08", "text": "goes lower so that you obviously get a really good cost basis in the end. And so now you basically know my two different strategies and I will bring it"}, {"start": "00:41:08", "end": "00:41:14", "text": "back to you guys. Thank you, Lewis. High energy as ever. I"}, {"start": "00:41:14", "end": "00:41:19", "text": "love it. Feeling optimistic. I like it. Great to hear. Okay. Uh let's have a look at some"}, {"start": "00:41:19", "end": "00:41:26", "text": "tweets of sweet, didn't we? So many. Yeah. Okay. Um let's start. This one has been"}, {"start": "00:41:26", "end": "00:41:34", "text": "doing the rounds quite a lot um recently. And this is Jack Malice, obviously well-known uh Bitcoin um"}, {"start": "00:41:34", "end": "00:41:39", "text": "Bitcoin maxi if you like. Um shared a picture of a letter that he'd framed"}, {"start": "00:41:39", "end": "00:41:44", "text": "from Chase Manhattan Bank. Basically, he's been debanked. Yeah. And no reason given apart from"}, {"start": "00:41:44", "end": "00:41:50", "text": "apart from quotes concerning activity on his account, which is interesting given that this is"}, {"start": "00:41:50", "end": "00:41:57", "text": "the bank that banked Sir Jeffrey Epstein. Is that right? Yeah. They were his biggest banker back bankroller back"}, {"start": "00:41:57", "end": "00:42:03", "text": "in the day. I think even after his conviction, I believe. Wow. Didn't they say I think they even settled with some of his victims. So,"}, {"start": "00:42:03", "end": "00:42:09", "text": "you know, pot calling the kettle back there. No, that is crazy. I mean, like this whole this this debanking thing is is one"}, {"start": "00:42:09", "end": "00:42:16", "text": "thing, but the fact that they don't even provide a reason as well. It's just like, uh, yeah, we're debunking you. We don't have to tell you why. Um, but"}, {"start": "00:42:16", "end": "00:42:21", "text": "we're debunking you. Um, and uh, yeah, good for Jack to basically stick a"}, {"start": "00:42:21", "end": "00:42:27", "text": "middle finger 3.0, man. There we go. Yeah. Yeah. Um, okay. Uh, next up, now"}, {"start": "00:42:27", "end": "00:42:32", "text": "this is a pair of tweets. Uh, we you need a bit of context on this one. Um, because the second tweet, which is an"}, {"start": "00:42:32", "end": "00:42:37", "text": "absolute banger, um, we need to explain it. So, um, in case you missed it, uh,"}, {"start": "00:42:37", "end": "00:42:45", "text": "one of the big stories in the last few days has been the fact that, uh, someone managed to vibe code, um, a, uh, was it"}, {"start": "00:42:45", "end": "00:42:51", "text": "was it an actual bug, um, that that hit Cardano? I don't know. Apparently, um, that had"}, {"start": "00:42:51", "end": "00:42:57", "text": "an impact on the network of some description. I mean, Cardano Maxis will, you know, you know,"}, {"start": "00:42:57", "end": "00:43:04", "text": "Oh, Vibe coded a transaction. Um, now this is ICO Beast is claiming that it bricked the entire network. Now, as far"}, {"start": "00:43:04", "end": "00:43:09", "text": "as I know, Cardano didn't stop producing blocks or anything like that. So, I think anything anything that says"}, {"start": "00:43:09", "end": "00:43:14", "text": "Cardano was brought to a halt um is is wider of the mark and sort of overly"}, {"start": "00:43:14", "end": "00:43:21", "text": "fddish. But, uh nevertheless, it did have an effect. Um and of course, this got a lot of people talking um what are"}, {"start": "00:43:21", "end": "00:43:26", "text": "we uh what are we even doing, bros? Can I call the FBI on e sellers? And yes, the crazy thing was that Charles"}, {"start": "00:43:26", "end": "00:43:31", "text": "Hoskinson then uh tweeted about it um and basically said that they'd called"}, {"start": "00:43:31", "end": "00:43:36", "text": "the feds or they were threatening to call the feds on the guy that they identified who who it was."}, {"start": "00:43:36", "end": "00:43:42", "text": "Yeah, they knew who it was. Yeah. Yeah. Um so uh Mert, who is um obviously a big"}, {"start": "00:43:42", "end": "00:43:48", "text": "figure in Solano's ecosystem and uh possibly one of the best posters on crypto Twitter. Charles so shocked"}, {"start": "00:43:48", "end": "00:43:54", "text": "someone used Cardano he called the FBI to ask if the person was real. Oh my"}, {"start": "00:43:54", "end": "00:44:01", "text": "word. Please investigate. This sounds impossible. Oh my word. That is an absolute zinger. Um yes. So a lot of FUD flying around"}, {"start": "00:44:01", "end": "00:44:07", "text": "about Cardano. Like I say, uh don't believe don't believe all of it. Um it certainly wasn't quite as bad as I think"}, {"start": "00:44:07", "end": "00:44:12", "text": "a lot of people are making out. Um but nevertheless, the fact that they uh supposedly called the feds is pretty wild."}, {"start": "00:44:12", "end": "00:44:19", "text": "Interesting, funny story. Yeah. Um and an absolute banger of a tweet from there. Well done, sir. Speaking of bangers of tweets, this one"}, {"start": "00:44:19", "end": "00:44:25", "text": "also speaking of bananas. Ah, yes. That was it. There we are. The banana zone. There is the banana. Yeah. We just It"}, {"start": "00:44:25", "end": "00:44:32", "text": "just We were right or wrong. There was a banana zone coming. It's just that it was inverted. Yeah. Yeah. If you can't spot the"}, {"start": "00:44:32", "end": "00:44:37", "text": "banana, that banana is not quantum resistant. That is not a quantum resistant banana."}, {"start": "00:44:37", "end": "00:44:43", "text": "That is quite the opposite. Um Yes. Beautiful. Lovely to see it. Um and uh"}, {"start": "00:44:43", "end": "00:44:48", "text": "then we also have one um from Sailor himself. What's the context here? So the context here is there was a lot"}, {"start": "00:44:48", "end": "00:44:55", "text": "of FUD. Well, not really FUD. There was concerns going around according to a JP Morgan uh post or re research report"}, {"start": "00:44:55", "end": "00:45:01", "text": "last week that strategy shares and MSTR could face forced selling because if it"}, {"start": "00:45:01", "end": "00:45:08", "text": "is excluded in January from the MS uh the MCI so these are indexes right index"}, {"start": "00:45:08", "end": "00:45:15", "text": "funds that will hold the shares of a representative basket of stocks to try and track an index and they the"}, {"start": "00:45:15", "end": "00:45:20", "text": "speculation is if they exclude they potentially worried about having any sort of debts in there. So, companies"}, {"start": "00:45:20", "end": "00:45:26", "text": "that hold Bitcoin, including the biggest one of all, Strategy. And then JP Morgan released this note that some saw was a"}, {"start": "00:45:26", "end": "00:45:31", "text": "lot of FUD. And Sailor himself came out and and defended that and said, \"Look,"}, {"start": "00:45:31", "end": "00:45:37", "text": "uh, Strategy isn't just a fund or a holding company. It's actually an operating entity, and he's defending"}, {"start": "00:45:37", "end": "00:45:43", "text": "it.\" So, yeah, it was pretty crazy. This made the rounds last week. There were some who who tried to make the connections between JP Morgan with the"}, {"start": "00:45:43", "end": "00:45:50", "text": "debanking and MSCI and then also tried to try to attach it also to what happened on 1010 but I think that those"}, {"start": "00:45:50", "end": "00:45:55", "text": "are completely separate things but it was interesting. Okay. That that sort of puts me in mind"}, {"start": "00:45:55", "end": "00:46:01", "text": "of that is always sunny in Philadelphia meme, you know, where he's got all the red. Exactly. Exactly. That's what it was."}, {"start": "00:46:01", "end": "00:46:08", "text": "Yeah. I think at times like this when the market is really struggling, people people like to join the dots up, don't they? always want to and find some big"}, {"start": "00:46:08", "end": "00:46:13", "text": "nefarious character to blame, not just our own degenerate leverage traders. I mean,"}, {"start": "00:46:13", "end": "00:46:18", "text": "it was just degenerate leverage traders and a bad bug on an exchange and not to be named. And uh yeah."}, {"start": "00:46:18", "end": "00:46:23", "text": "Yeah. But of course, I mean, it's interesting that Lewis in his TA bit was was saying the same thing. You know, he"}, {"start": "00:46:23", "end": "00:46:29", "text": "was he's hearing those rumors, too. So, maybe uh maybe that's something we'll be able to discuss on future episodes. Um"}, {"start": "00:46:29", "end": "00:46:36", "text": "whoever it was that did uh get absolutely nuked on 1010, we will find out at some point, I'm sure. Okay. Uh"}, {"start": "00:46:36", "end": "00:46:43", "text": "let's have a look at some dates for the diary for this week. Only two. So that's tomorrow. As I mentioned, PPI producer price inflation"}, {"start": "00:46:43", "end": "00:46:50", "text": "numbers. Okay. There was the 2.8% yearonear previous and no and we've got now 2.6% previous"}, {"start": "00:46:50", "end": "00:46:56", "text": "on the core number. And then Wednesday we've got initial jobless claims. Uh and the 220k is the"}, {"start": "00:46:56", "end": "00:47:04", "text": "previous number and 225k is what's expected this this month. Okay. Okay. Um right. Should we do the"}, {"start": "00:47:04", "end": "00:47:11", "text": "update on the tra on the portfolio position then? Okay. Uh so can you reveal guys uh what allocation what"}, {"start": "00:47:11", "end": "00:47:17", "text": "percentage allocation we're giving to link this week? 25% very sensible. Okay."}, {"start": "00:47:17", "end": "00:47:22", "text": "Always been 25% since I like it. I like it. These guys are these guys know what they're doing."}, {"start": "00:47:22", "end": "00:47:30", "text": "They're not they're not going crazy. Um so uh yeah, we got it set to 25% there. We were it's a market buy. Uh, so we"}, {"start": "00:47:30", "end": "00:47:35", "text": "will hit buy link and confirm. There we are. Bang on."}, {"start": "00:47:35", "end": "00:47:42", "text": "Little little clinking sound. Um, and link is added to the portfolio. So, we've got four we've got basically $400"}, {"start": "00:47:42", "end": "00:47:48", "text": "to make up this week and we're back at we're back at even on that portfolio. So, we're the the hope is all on link."}, {"start": "00:47:48", "end": "00:47:54", "text": "Well, chain link ETFs are launching this week. So, maybe maybe it helps. Maybe the link army can push that up. Let's"}, {"start": "00:47:54", "end": "00:48:00", "text": "see. Okay, let's see. Let's see. All right. Um and uh let's just have a look at some"}, {"start": "00:48:00", "end": "00:48:07", "text": "of the comments as well. Um now this is an interesting uh point that someone's made out. BTC is tracking guys travels."}, {"start": "00:48:07", "end": "00:48:14", "text": "He's been down under uh the 50we moving average but heading north again. Now this tells me if this is true then I"}, {"start": "00:48:14", "end": "00:48:22", "text": "think uh Coinb and indeed all of you guys need to fund my dream trip to Alaska. Just send me that. I've always"}, {"start": "00:48:22", "end": "00:48:28", "text": "wanted to go to Alaska. I think it look it looks like a beautiful fascinating place. Uh, and the good news is that if"}, {"start": "00:48:28", "end": "00:48:33", "text": "I get to go there, um, then, uh, that should send Bitcoin's price northwards, which is what we all want. I will do it"}, {"start": "00:48:33", "end": "00:48:40", "text": "for you guys. It's winter now there in Alaska. You know, there is no light. There is no light in Alaska. Listen, Nick, I live in Dubai. I've seen"}, {"start": "00:48:40", "end": "00:48:45", "text": "quite enough sun to last me a long long time. I don't mind I don't mind getting"}, {"start": "00:48:45", "end": "00:48:52", "text": "my uh, you know, getting my north north face jacket out and going to start the stream with guy in there. -50 C weather, freaking no light,"}, {"start": "00:48:52", "end": "00:48:57", "text": "no sun. Stuck in the wooded cabin in Alaska in the northern just going live from a blizzard. It's"}, {"start": "00:48:57", "end": "00:49:04", "text": "like I'm doing this for you. Um yes. Well, uh let's I I think that's I think"}, {"start": "00:49:04", "end": "00:49:09", "text": "that's right. So, um yeah, you'll see me uh you'll see me from a live stream somewhere somewhere near the Arctic"}, {"start": "00:49:09", "end": "00:49:14", "text": "Circle very very soon. Um now, uh I knew uh one of the Cardano community would uh"}, {"start": "00:49:14", "end": "00:49:20", "text": "would would jump to our aid here. Um, so they did not vibe code a hack. The"}, {"start": "00:49:20", "end": "00:49:25", "text": "exploit was reverse engineered by an experienced SPO after it was shown on test net by someone else. The chain"}, {"start": "00:49:25", "end": "00:49:31", "text": "split into two, but once bug fixed, it's self-healed. There we go. There we are. There we are. You can"}, {"start": "00:49:31", "end": "00:49:37", "text": "actually I'll have you know. Um, I think they they think vibe coded was used because"}, {"start": "00:49:37", "end": "00:49:42", "text": "they'd used AI to do it. Um, yeah. Well, supposedly. Um, but uh yeah, I'm sure"}, {"start": "00:49:42", "end": "00:49:49", "text": "I'm sure the Cardano community will disagree with on that. uh as they do on everything else. Okay. Um is there"}, {"start": "00:49:49", "end": "00:49:54", "text": "anything else uh we need to talk about this week, Nick? I know. I mean, unfortunately, they're"}, {"start": "00:49:54", "end": "00:50:01", "text": "not getting the portfolio alpha there. Oh dear. Yes, we didn't get enough likes. So, um Nick is going to hear all"}, {"start": "00:50:01", "end": "00:50:08", "text": "about England's two-day defeat in the cricket. You guys had your chance and you blew it."}, {"start": "00:50:08", "end": "00:50:14", "text": "Can't do that. Let's end the stream. Okay. So, it's uh it's been a tough past couple of weeks for crypto. Um it's been"}, {"start": "00:50:14", "end": "00:50:20", "text": "a tough couple of weeks for the falling apart behind Nick. Um so we will be back"}, {"start": "00:50:20", "end": "00:50:26", "text": "next week. Let's hope we get some positive news this week. Um but keep watching guys. Uh there will be"}, {"start": "00:50:26", "end": "00:50:31", "text": "interesting stuff um coming along. And hey, maybe we will find out who went uh who went bust on 1010"}, {"start": "00:50:31", "end": "00:50:37", "text": "soon enough hopefully. Guys, it's not going to What will that really do for us though? I don't know. Okay, so what it'll just"}, {"start": "00:50:37", "end": "00:50:42", "text": "let us move on and blame somebody else. Okay, cool. There we are."}, {"start": "00:50:42", "end": "00:50:48", "text": "We will be back with the coin bureau news same time uh same place next week. No NFA live this week because it's"}, {"start": "00:50:48", "end": "00:50:55", "text": "Thanksgiving. Um so happy as Nick said, happy Thanksgiving to anyone who celebrates and we will see you guys next"}, {"start": "00:50:55", "end": "00:51:01", "text": "week. Adios. Ciao. I've become an alcoholic"}, {"start": "00:51:01", "end": "00:51:09", "text": "during the 2025 face melting bitcoin bull run. Behold the turtle of"}, {"start": "00:51:09", "end": "00:51:18", "text": "enormous girth. On his shell he holds the earth. Thoughts and prayers"}, {"start": "00:51:18", "end": "00:51:26", "text": "everyone. Nothing like the lovely bear. Baby"}, {"start": "00:51:26", "end": "00:51:32", "text": "goblin town. We need a life from jail"}, {"start": "00:51:32", "end": "00:51:40", "text": "guys in another prison. Gay go town. We need a rally live from jail guys in"}, {"start": "00:51:40", "end": "00:51:47", "text": "another prison. So, basically supposed to be a 5-day"}, {"start": "00:51:47", "end": "00:51:54", "text": "test. First day at lunchtime, we could tell that this was going to be a two-day. England batted pretty poorly."}, {"start": "00:51:54", "end": "00:51:57", "text": "remind you it wasn't"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Bitcoin is now below 100K."}, {"start": "00:00:02", "end": "00:00:04", "text": "Unfortunately, it's closed below that"}, {"start": "00:00:04", "end": "00:00:06", "text": "50WE moving average. So, this has of"}, {"start": "00:00:06", "end": "00:00:07", "text": "course caused a lot of people to"}, {"start": "00:00:07", "end": "00:00:10", "text": "question whether we are indeed in a bare"}, {"start": "00:00:10", "end": "00:00:11", "text": "market. Guy,"}, {"start": "00:00:11", "end": "00:00:13", "text": "yes, I think there's definitely a very"}, {"start": "00:00:13", "end": "00:00:15", "text": "strong case to be made for that. But"}, {"start": "00:00:15", "end": "00:00:17", "text": "there is a case to say that we're not"}, {"start": "00:00:17", "end": "00:00:18", "text": "yet in a bare market."}, {"start": "00:00:18", "end": "00:00:21", "text": "Opened up a CME gap as per usual, DJ"}, {"start": "00:00:21", "end": "00:00:23", "text": "Khaled over there. So, we had a CME gap"}, {"start": "00:00:23", "end": "00:00:26", "text": "open up on Monday from 104 to 104.4K."}, {"start": "00:00:26", "end": "00:00:28", "text": "that obviously was potentially come back"}, {"start": "00:00:28", "end": "00:00:30", "text": "and close that gap later on. We'll see."}, {"start": "00:00:30", "end": "00:00:31", "text": "Above all else, Tom Lee is still"}, {"start": "00:00:31", "end": "00:00:32", "text": "bullish, right?"}, {"start": "00:00:32", "end": "00:00:35", "text": "150,000 to 200,000 for Bitcoin by year"}, {"start": "00:00:35", "end": "00:00:38", "text": "end and 7,000 for Ethereum. So, no"}, {"start": "00:00:38", "end": "00:00:40", "text": "matter how much smoke we taking, guy, I"}, {"start": "00:00:40", "end": "00:00:41", "text": "would just love to get the dealer of"}, {"start": "00:00:41", "end": "00:00:44", "text": "Charlie Lee's opium deal because I would"}, {"start": "00:00:44", "end": "00:00:47", "text": "love to be smoking some of that, bro."}, {"start": "00:00:47", "end": "00:00:49", "text": "Sailor just bought. How much did he buy?"}, {"start": "00:00:49", "end": "00:00:52", "text": "8,000 Bitcoin. Wow. Okay. Sailor still"}, {"start": "00:00:52", "end": "00:00:52", "text": "buying."}, {"start": "00:00:52", "end": "00:00:53", "text": "Okay."}, {"start": "00:00:53", "end": "00:00:53", "text": "That's a big hold."}, {"start": "00:00:53", "end": "00:00:55", "text": "That is a big buy."}, {"start": "00:00:55", "end": "00:00:56", "text": "Never stop stacking. What a legend."}, {"start": "00:00:56", "end": "00:00:58", "text": "There we are. In Sailor we trust, right?"}, {"start": "00:00:58", "end": "00:01:00", "text": "That's probably the biggest buy he's had"}, {"start": "00:01:00", "end": "00:01:02", "text": "for quite some time now, for the past"}, {"start": "00:01:02", "end": "00:01:04", "text": "few months. So, well done to Sailor"}, {"start": "00:01:04", "end": "00:01:06", "text": "single-handedly holding up everyone's"}, {"start": "00:01:06", "end": "00:01:07", "text": "hopes and expectations."}, {"start": "00:01:07", "end": "00:01:09", "text": "Well done, Mike. Save us in your hands,"}, {"start": "00:01:09", "end": "00:01:12", "text": "sir. gave us all."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "All these Bitcoin treasury companies are going to go out of business, including Strategy. I mean, Strategy might go out"}, {"start": "00:00:05", "end": "00:00:10", "text": "of business last. A lot of those companies may have to start selling the Bitcoin that they bought. And so, I"}, {"start": "00:00:10", "end": "00:00:17", "text": "think that all that Bitcoin is going to get liquidated. The only only thing that Bitcoin has going for it potentially is"}, {"start": "00:00:17", "end": "00:00:22", "text": "a government bailout. The crypto donors who have backed Trump and put him in the"}, {"start": "00:00:22", "end": "00:00:28", "text": "White House, they may say, \"Look, you know, Donald, you got to step up here. Things couldn't possibly be better for"}, {"start": "00:00:28", "end": "00:00:36", "text": "Bitcoin. Everything you could possibly hope for has already happened. So what could go right? Nothing. It's a fraud to"}, {"start": "00:00:36", "end": "00:00:42", "text": "kind of represent it as some kind of digital version of gold. Bitcoin's used for nothing. If Strategy had had spent"}, {"start": "00:00:42", "end": "00:00:47", "text": "57 billion buying gold, he could realize that profit if he wanted. He could sell."}, {"start": "00:00:47", "end": "00:00:54", "text": "Gold is up better than 50% on the year. Real gold is doing really really well. I challenged on ex Michael Sailor to a"}, {"start": "00:00:54", "end": "00:01:01", "text": "debate on this very topic. I mean, he's been ducking me on debating gold versus Bitcoin. I'd like to debate strategy."}, {"start": "00:01:01", "end": "00:01:07", "text": "It's a scam. I don't think it's a viable business. I think it's going to go bankrupt. I'd like to debate that with"}, {"start": "00:01:07", "end": "00:01:10", "text": "you."}, {"start": "00:01:19", "end": "00:01:24", "text": "GM everyone or in my case, good evening and welcome back to another episode of"}, {"start": "00:01:24", "end": "00:01:30", "text": "the Coin Bureau podcast. Now today we have on a very special guest who is no"}, {"start": "00:01:30", "end": "00:01:37", "text": "stranger to the crypto community. It is Mr. Peter Schiff, the chief economist and global strategist at Europacific"}, {"start": "00:01:37", "end": "00:01:42", "text": "Asset Management and the founder of Schiff Gold. And he is our favorite gold"}, {"start": "00:01:42", "end": "00:01:48", "text": "bug to that we like to bug. So uh Peter, welcome. Oh, thanks for uh having me on your uh"}, {"start": "00:01:48", "end": "00:01:54", "text": "your podcast. Always a pleasure. My pleasure. Great having you. Um before we dive in, Peter, just a quick few"}, {"start": "00:01:54", "end": "00:01:59", "text": "disclaimers for the audience. Nothing in this video is financial advice. Uh please consult the disclaimer in the"}, {"start": "00:01:59", "end": "00:02:06", "text": "description for more information and consult your financial adviser before making any investment decisions, be it"}, {"start": "00:02:06", "end": "00:02:12", "text": "crypto or gold. So Peter, you joining us on a day when Bitcoin is completely"}, {"start": "00:02:12", "end": "00:02:21", "text": "collapsing. So it's Friday evening my time and it's close to 80K right now about 82 83K. And a few weeks ago, you"}, {"start": "00:02:21", "end": "00:02:27", "text": "said on X that Bitcoin holders should get out above 100K before an implosion."}, {"start": "00:02:27", "end": "00:02:32", "text": "So, seems to have been a bit precient there. But what makes you so confident"}, {"start": "00:02:32", "end": "00:02:38", "text": "though that Bitcoin's latest slump now signals a permanent decline rather than"}, {"start": "00:02:38", "end": "00:02:43", "text": "a temporary pullback? Well, you know, uh, Bitcoin has a history of, you know,"}, {"start": "00:02:43", "end": "00:02:52", "text": "coming back from the dead, so I can't count it out completely, but I think that the situation today potentially"}, {"start": "00:02:52", "end": "00:02:57", "text": "looks a lot more dire than it has in the past. So, I think there's a lot more"}, {"start": "00:02:57", "end": "00:03:04", "text": "downside now than there was uh during previous cycles. I think what's going to"}, {"start": "00:03:04", "end": "00:03:12", "text": "drive it is going to be three things. One is the the leverage. two is the ETFs"}, {"start": "00:03:12", "end": "00:03:17", "text": "and three are the Bitcoin treasury funds. And none of these really existed"}, {"start": "00:03:17", "end": "00:03:23", "text": "during the prior big down cycles. And also, of course, the amount of money"}, {"start": "00:03:23", "end": "00:03:29", "text": "here that's being lost is much greater because we're falling from 126,000 peak."}, {"start": "00:03:29", "end": "00:03:37", "text": "Uh so that market cap was a record high. So even if we have a similar percentage decline that we've had in the past, the"}, {"start": "00:03:37", "end": "00:03:43", "text": "dollar value of what's lost is significantly higher. So you know, we"}, {"start": "00:03:43", "end": "00:03:49", "text": "could go after, you know, those those uh different factors one at a time. But so"}, {"start": "00:03:49", "end": "00:03:56", "text": "the first one I think is is let's say the leverage. I think that what's developed over the past year or two is"}, {"start": "00:03:56", "end": "00:04:03", "text": "companies uh have been able to accept Bitcoin as collateral and to loan money"}, {"start": "00:04:03", "end": "00:04:09", "text": "against Bitcoin. And I think a lot of Bitcoiners have been encouraged to"}, {"start": "00:04:09", "end": "00:04:15", "text": "deposit their Bitcoin onto these platforms uh because they were so confident that Bitcoin could only go up,"}, {"start": "00:04:15", "end": "00:04:21", "text": "especially with Donald Trump and a Bitcoin president and a strategic reserve and all these Bitcoin treasury"}, {"start": "00:04:21", "end": "00:04:28", "text": "companies and all the hype. I don't think that Bitcoiners were that concerned about a big decline in their"}, {"start": "00:04:28", "end": "00:04:34", "text": "Bitcoin. uh but they did want to harvest some of the gains and enjoy some of"}, {"start": "00:04:34", "end": "00:04:40", "text": "those gains. They didn't want to pay capital gains taxes and they didn't want to give up their Bitcoin. Right? The"}, {"start": "00:04:40", "end": "00:04:45", "text": "number one rule of Bitcoin is don't sell it, right? So if you never sell your Bitcoin, you know, you're going to"}, {"start": "00:04:45", "end": "00:04:52", "text": "you're living in your parents' basement. You know, you you got nothing. You know, you're like a popper, but you got all this money on paper. So, I think a lot"}, {"start": "00:04:52", "end": "00:04:57", "text": "of people uh put up their Bitcoin, borrowed money, and you know, spent it"}, {"start": "00:04:57", "end": "00:05:03", "text": "to pay their bills or they took vacations or they bought a car, maybe they bought a house, depending on, you"}, {"start": "00:05:03", "end": "00:05:10", "text": "know, how much Bitcoin they put up. And so, I think that all that Bitcoin is going to get liquidated and and so the"}, {"start": "00:05:10", "end": "00:05:16", "text": "people who didn't want to sell their Bitcoin at 100,000, 110,000, 120,000 are going to be forced to sell it at much"}, {"start": "00:05:16", "end": "00:05:22", "text": "lower prices. you know, maybe 50,000 or 40,000 or who the hell knows where where it's going to go in this initial, you"}, {"start": "00:05:22", "end": "00:05:29", "text": "know, could go lower than that. So, there's much more leverage now, I think, than we've had in previous declines that"}, {"start": "00:05:29", "end": "00:05:34", "text": "will accelerate. So, that's number one. Number two are the ETFs, which really"}, {"start": "00:05:34", "end": "00:05:43", "text": "didn't exist until the beginning of 2024. And the ETF investors are not"}, {"start": "00:05:43", "end": "00:05:49", "text": "diehard, you know, Bitcoin maxis, you know, I mean, if you really believe in Bitcoin, you don't own an ETF. It"}, {"start": "00:05:49", "end": "00:05:54", "text": "defeats the whole purpose of Bitcoin to be, you know, self-custody. Why do you want to put your Bitcoin with a third"}, {"start": "00:05:54", "end": "00:06:00", "text": "party, right? Doesn't make any sense. But the people who were doing that just wanted to speculate on Bitcoin. They"}, {"start": "00:06:00", "end": "00:06:05", "text": "didn't care about, you know, the supposed advantages of Bitcoin. They just thought it was going up and they"}, {"start": "00:06:05", "end": "00:06:13", "text": "figured they'll buy it. And there was so much hype in the financial media. There was so much FOMO. A lot of people got"}, {"start": "00:06:13", "end": "00:06:20", "text": "into Bitcoin uh ETFs. And in fact, a lot of the money came out of gold ETFs and came out of gold stocks to to pile into"}, {"start": "00:06:20", "end": "00:06:26", "text": "these Bitcoin ETFs. And I think that as Bitcoin really starts to break down, a"}, {"start": "00:06:26", "end": "00:06:31", "text": "lot of those, you know, Johnny come late, uh, who jumped on a bandwagon,"}, {"start": "00:06:31", "end": "00:06:37", "text": "when they're down 20, 30, 40%. You know, I think these guys are going to cut their losses. They're going to say, \"You"}, {"start": "00:06:37", "end": "00:06:43", "text": "know what? It didn't work out. Let me take my chips off the table. You know, I'll go to another casino. I'm, you"}, {"start": "00:06:43", "end": "00:06:50", "text": "know, maybe I'll I'll buy something else. Maybe they'll go back to gold, their gold stocks. I don't know.\" But I think that selling is going to overwhelm"}, {"start": "00:06:50", "end": "00:06:57", "text": "the market because there could be so much of it so fast there's no way to absorb it because all that buying, those"}, {"start": "00:06:57", "end": "00:07:03", "text": "inflows happened over a couple of years. The outflows can happen over a couple of weeks. And while you had, you know, the"}, {"start": "00:07:03", "end": "00:07:08", "text": "the whales, the OGs who were happy to feed their Bitcoin into that ETF demand,"}, {"start": "00:07:08", "end": "00:07:15", "text": "I don't see the deep pockets that are willing to buy all that Bitcoin. And and so that's going to kill it. And then I"}, {"start": "00:07:15", "end": "00:07:20", "text": "think all these uh uh Bitcoin treasury companies that have sprung up over the"}, {"start": "00:07:20", "end": "00:07:27", "text": "past year that have been buying Bitcoin and borrowing money and issuing stock to buy Bitcoin, that whole business model"}, {"start": "00:07:27", "end": "00:07:32", "text": "is going to collapse. So that new demand is going to go away. But a lot of those"}, {"start": "00:07:32", "end": "00:07:38", "text": "companies may have to start selling the Bitcoin that they bought. And in fact, Micro Strategy, I don't know where the"}, {"start": "00:07:38", "end": "00:07:43", "text": "the pain is where they have to start selling. Eventually, they will. But the most significant thing is that Micro"}, {"start": "00:07:43", "end": "00:07:50", "text": "Strategy is going to stop buying. And when they can no longer buy Bitcoin because they can no longer sell stock at"}, {"start": "00:07:50", "end": "00:07:57", "text": "a premium because they're going to be trading at a discount to their NAV, the whole investment case for a micro"}, {"start": "00:07:57", "end": "00:08:03", "text": "strategy falls apart because they can no longer generate, you know, a Bitcoin yield, which was a deceptive term anyway"}, {"start": "00:08:03", "end": "00:08:08", "text": "because it's not really a yield, but they won't be able to do it when it's at a a discount. And then actually there's"}, {"start": "00:08:08", "end": "00:08:15", "text": "a fourth thing that we didn't really have in the previous cycles, and that is the bull market in gold. Because one of"}, {"start": "00:08:15", "end": "00:08:22", "text": "the reasons that that Bitcoin attracted a lot of attention and a lot of money was because when it came on the scene"}, {"start": "00:08:22", "end": "00:08:28", "text": "around 2010 2011, that's when gold peaked out at 1900. And gold basically"}, {"start": "00:08:28", "end": "00:08:34", "text": "traded in a range from 2011 to 2024. Didn't go anywhere. And that was when"}, {"start": "00:08:34", "end": "00:08:40", "text": "Bitcoin, you know, really had the spotlight to itself. The promoters were able to say, \"Look at gold. It's going"}, {"start": "00:08:40", "end": "00:08:45", "text": "nowhere. It's dead. It's old school. Bitcoin is the new gold. Bitcoin is gold"}, {"start": "00:08:45", "end": "00:08:53", "text": "2.0. It's the fastest horse in the race. Forget about gold. You know, you got to buy Bitcoin. And as Bitcoin continued to"}, {"start": "00:08:53", "end": "00:09:00", "text": "go up and gold didn't, you know, that narrative gained traction and people were buying it. Now look at this year."}, {"start": "00:09:00", "end": "00:09:06", "text": "Bitcoin is down. I don't know what's 5 10% on the year, something like that. I'm not sure exactly. It's moving so"}, {"start": "00:09:06", "end": "00:09:12", "text": "fast. Gold is up better than 50% on the year. And so now all of a sudden real"}, {"start": "00:09:12", "end": "00:09:17", "text": "gold is doing really really well. And so if real gold is doing well and fake"}, {"start": "00:09:17", "end": "00:09:23", "text": "gold, Bitcoin, fool's gold is not, why buy it? I mean the Bitcoiners like to"}, {"start": "00:09:23", "end": "00:09:29", "text": "say, zoom out, look at the last five or 10 years. That's irrelevant to a lot of investors who are not going to look back"}, {"start": "00:09:29", "end": "00:09:35", "text": "five or 10 years because they haven't owned it for five or 10 years. They just bought it a year ago or two years ago. And they would have been better off had"}, {"start": "00:09:35", "end": "00:09:42", "text": "they bought gold. And I think it's more of what have you done for me for me lately? And for Bitcoin, it's nothing."}, {"start": "00:09:42", "end": "00:09:47", "text": "And in fact, ironically, Micro Strategy is barely ahead on its Bitcoin. It's"}, {"start": "00:09:47", "end": "00:09:53", "text": "been buying Bitcoin for 5 years, and it's I don't even think it's ahead 15%"}, {"start": "00:09:53", "end": "00:09:59", "text": "right now on that. I mean, had Micro Strategy bought gold or silver or just"}, {"start": "00:09:59", "end": "00:10:05", "text": "about anything, just the S&P 500, every time they bought Bitcoin, had they bought something else, they would be"}, {"start": "00:10:05", "end": "00:10:13", "text": "better off right now. They would have a higher NAV. Bitcoin was about one of the worst things they could have done with the money. But what makes it even worse"}, {"start": "00:10:13", "end": "00:10:20", "text": "is that Sailor can't sell. If Strategy had had spent 57 billion buying gold, he"}, {"start": "00:10:20", "end": "00:10:27", "text": "could realize that profit if he wanted, he could sell. But there's no way they could realize any profit on Bitcoin"}, {"start": "00:10:27", "end": "00:10:32", "text": "because if they tried to sell, the market would just completely implode and there's no way he could get out even"}, {"start": "00:10:32", "end": "00:10:38", "text": "close to what he what what he paid. Uh so there's a lot of factors just said, you know, that I don't think were there"}, {"start": "00:10:38", "end": "00:10:44", "text": "in in prior markets. And so this could be a a very brutal decline. I mean, the"}, {"start": "00:10:44", "end": "00:10:50", "text": "only only thing that Bitcoin has going for it potentially is a government bailout. And I I wouldn't completely"}, {"start": "00:10:50", "end": "00:10:58", "text": "rule that out because Donald Trump has done crazy things and his whole family now is all in on crypto. And so maybe"}, {"start": "00:10:58", "end": "00:11:04", "text": "the wild card is the crypto donors who have backed Trump and put him in the"}, {"start": "00:11:04", "end": "00:11:11", "text": "White House, they may say, \"Look, you know, Donald, you got to step up here. You know, you've hitched your presidency"}, {"start": "00:11:11", "end": "00:11:16", "text": "to a crypto wagon. You know, if Bitcoin goes down to 10,000 five, you know, you know, this is going to reflect bad on"}, {"start": "00:11:16", "end": "00:11:23", "text": "you. you got to figure out how to prop up Bitcoin. And so maybe they decide that, okay, let's fill up, let's take"}, {"start": "00:11:23", "end": "00:11:30", "text": "advantage of this decline. We're going to buy the dip and we're going to spend, you know, all this taxpayer money buying"}, {"start": "00:11:30", "end": "00:11:36", "text": "Bitcoin this to fill up the strategic reserve. In effect, that would be a bailout, a Bitcoin bailout where"}, {"start": "00:11:36", "end": "00:11:43", "text": "taxpayers would bail out Bitcoin speculators. But they're not going to frame it like that. But I think that's about the only hope that the Bitcoiners"}, {"start": "00:11:43", "end": "00:11:51", "text": "have at this at the moment is a US government disguised a bailout for Bitcoin. Wow. So our only savior is Uncle Sam."}, {"start": "00:11:51", "end": "00:11:58", "text": "Donald Trump using Uncle Sam's balance sheet. Ironically. Ironically. Yes. Okay. Interesting arguments there. I do"}, {"start": "00:11:58", "end": "00:12:03", "text": "want to push back on one or two of those points if I may. Yeah. Uh so you've mentioned the four points"}, {"start": "00:12:03", "end": "00:12:09", "text": "there in terms of what's different this time than the previous cycle. So let's start with the leverage one. I think the"}, {"start": "00:12:09", "end": "00:12:17", "text": "amount of leverage in right now in terms of Bitcoin leverage is way less than it was in prior to FTX collapse. I mean"}, {"start": "00:12:17", "end": "00:12:23", "text": "there was a report out earlier this year by Galaxy or about halfway through this year by Galaxy Digital which looked at"}, {"start": "00:12:23", "end": "00:12:29", "text": "the state of crypto lending and the amount of debt and Bitcoin debt right now in the system is way less than it"}, {"start": "00:12:29", "end": "00:12:35", "text": "was before the collapse of FTX, BlockFi, Celsius, etc. So that component I don't"}, {"start": "00:12:35", "end": "00:12:41", "text": "think is going to have that much of an impact now. is not that much leverage and indeed on the crypto perpetual side"}, {"start": "00:12:41", "end": "00:12:47", "text": "the leverage flush out already happened on 1010 and the unsecured or the debt stuff secured through Bitcoin is"}, {"start": "00:12:47", "end": "00:12:53", "text": "unlikely to be as severe as it was in the prior cycle. Well, how do you know how much how do you know how much debt there is because"}, {"start": "00:12:53", "end": "00:12:58", "text": "I see all these companies that advertise just send us your Bitcoin and we'll lend you money. I mean I need to look into"}, {"start": "00:12:58", "end": "00:13:04", "text": "the intricacies of like how they reported that but it was they could capture it in terms of the previous cycle but there isn't that many there"}, {"start": "00:13:04", "end": "00:13:09", "text": "isn't aren't that many entities now doing this kind of lending bitcoin lending uh in terms of the total size"}, {"start": "00:13:09", "end": "00:13:16", "text": "compared to the previous collapse and then your point about ETFs I think yes you it's a point that yes people could"}, {"start": "00:13:16", "end": "00:13:21", "text": "sell retail could sell they could see how down they are but then there's also the component of okay they could"}, {"start": "00:13:21", "end": "00:13:28", "text": "consider buying the dip and then also it depends on it also depends on their financial advisers who say okay we recommend x percentage uh of your your"}, {"start": "00:13:28", "end": "00:13:34", "text": "portfolio should go towards Bitcoin and they follow their financial advisors and if the Bitcoin price falls then"}, {"start": "00:13:34", "end": "00:13:41", "text": "I think there are very few financial advisors that have actually recommended Bitcoin ETFs I think most of the buying"}, {"start": "00:13:41", "end": "00:13:48", "text": "has been unsolicited and in fact most firms wouldn't even allow their financial advisors to recommend Bitcoin"}, {"start": "00:13:48", "end": "00:13:55", "text": "because they're worried about liability and getting sued and so it's mostly unsolicited buys and so I don't really"}, {"start": "00:13:55", "end": "00:14:01", "text": "see I think did see Morgan Stanley and a few of these other larger entity larger banks did say that they would recommend"}, {"start": "00:14:01", "end": "00:14:07", "text": "X amount whether it was through the financial advisor network or whether it was just an institutional recommendation"}, {"start": "00:14:07", "end": "00:14:13", "text": "that was issued um that's a new thing you know recently a few where some have"}, {"start": "00:14:13", "end": "00:14:20", "text": "said maybe we'll recommend it but I don't think that many financial advisors have done that and I think you know this"}, {"start": "00:14:20", "end": "00:14:27", "text": "decline is going to catch most people by surprise I mean nobody expected People"}, {"start": "00:14:27", "end": "00:14:32", "text": "thought that, you know, given the regulatory environment and, you know, once we got above 100,000 and they were"}, {"start": "00:14:32", "end": "00:14:38", "text": "popping the champagne a year ago at these Bitcoin 100,000 parties, I think a"}, {"start": "00:14:38", "end": "00:14:43", "text": "lot of people didn't think that, you know, 80,000 or 70,000 or wherever we're"}, {"start": "00:14:43", "end": "00:14:48", "text": "going, Bitcoin was even a possibility. And so I think a lot of people will be"}, {"start": "00:14:48", "end": "00:14:54", "text": "reluctant to make a bigger bet when their earlier bet is is already not"}, {"start": "00:14:54", "end": "00:14:59", "text": "working out. So maybe some people will hold, but I don't look for a lot of, you"}, {"start": "00:14:59", "end": "00:15:04", "text": "know, investors to be trying to buy this dip. It's more like catching a falling"}, {"start": "00:15:04", "end": "00:15:11", "text": "knife. I mean, how many are going to are going to step up and do that, you know? Fair. Okay. Um, then the other point you"}, {"start": "00:15:11", "end": "00:15:17", "text": "raised in terms of the debts, I mean, so you but sailors obviously and and strategy is the biggest doubt of them"}, {"start": "00:15:17", "end": "00:15:23", "text": "all. And I think that the way it's structured is not there's not a lot of debt to the extent that it would be"}, {"start": "00:15:23", "end": "00:15:28", "text": "forced liquidations when Bitcoin price and even if it was the case around the negative first of all they're trading"}, {"start": "00:15:28", "end": "00:15:34", "text": "above the MNA the above the the MNAV is above one and the the value of the"}, {"start": "00:15:34", "end": "00:15:40", "text": "assets the value of the enterprise value is greater than the net asset value. So they're still in positive territory and"}, {"start": "00:15:40", "end": "00:15:45", "text": "the price of Bitcoin would have to fall considerably before they get into negative or near negative equity. and"}, {"start": "00:15:45", "end": "00:15:52", "text": "the fact they've used these preferred instruments as well which um you know can't be called. So I think that um"}, {"start": "00:15:52", "end": "00:15:57", "text": "that's another component of why in terms of strategy itself which has proven through previous cycles and Michael"}, {"start": "00:15:57", "end": "00:16:04", "text": "Sailor over there that they can hodddle through it um or hold through it and I think right now there's nowhere near the"}, {"start": "00:16:04", "end": "00:16:09", "text": "levels of liquidation. the other DATs that especially the ones on the altcoin side are some of those that are trading"}, {"start": "00:16:09", "end": "00:16:15", "text": "below the net asset value those could be a concern but even then this the size of them the absolute size of their holdings"}, {"start": "00:16:15", "end": "00:16:21", "text": "compared to strategy is minuscule yeah I mean look strategy was able to survive"}, {"start": "00:16:21", "end": "00:16:26", "text": "that last downturn uh it didn't last that long in fact he got bailed out I"}, {"start": "00:16:26", "end": "00:16:33", "text": "believe by all the ETF buying that happened and then Donald Trump becoming president but I mean look at look at uh"}, {"start": "00:16:33", "end": "00:16:38", "text": "the other companies these Bitcoin treasury companies which I think was an asinine business model. I mean I don't"}, {"start": "00:16:38", "end": "00:16:44", "text": "even think that you have a viable business if your whole business is just buying Bitcoin which anybody can do on"}, {"start": "00:16:44", "end": "00:16:51", "text": "their own. You don't need a corporation to buy Bitcoin for you. Just go out and buy it or buy the ETFs if you don't want"}, {"start": "00:16:51", "end": "00:16:57", "text": "to keep custody of it. So I think all these Bitcoin treasury companies are going to go out of business including"}, {"start": "00:16:57", "end": "00:17:03", "text": "Strategy. I mean Strategy might go out of business last but a lot of the copycat companies are going to go out of"}, {"start": "00:17:03", "end": "00:17:10", "text": "business. And in fact, look at what's happening. You know, I was at the Bitcoin conference in Vegas in May, right? And we're both going to be at the"}, {"start": "00:17:10", "end": "00:17:16", "text": "blockchain week in Dubai in December. But in May, right, uh, when Bitcoin was,"}, {"start": "00:17:16", "end": "00:17:21", "text": "you know, around 105, 110,000, you know, I was there and all the talk of that"}, {"start": "00:17:21", "end": "00:17:27", "text": "conference was the new Bitcoin treasury company that was launched by the owners"}, {"start": "00:17:27", "end": "00:17:33", "text": "of Bitcoin magazine who they were promoting their their new company at their conference and it's called"}, {"start": "00:17:33", "end": "00:17:39", "text": "Nakamoto, right, for Satoshi. And the stock was over $30 a share, right?"}, {"start": "00:17:39", "end": "00:17:45", "text": "That's what people were paying. The high was 31.45, 45, but it, you know, it was over $30 a share. People were buying"}, {"start": "00:17:45", "end": "00:17:51", "text": "this stock at $30, right? It's at 45 right now. So, I mean, pretty much"}, {"start": "00:17:51", "end": "00:17:58", "text": "you've lost everything. Whatever you put in, it's pretty much gone. I mean, it's, you know, and but there was so much hype"}, {"start": "00:17:58", "end": "00:18:04", "text": "around this thing and these type of losses are going to take a toll in the"}, {"start": "00:18:04", "end": "00:18:10", "text": "Bitcoin community and the appetite to fund these kind of investments. Now, that's probably the biggest decliner of"}, {"start": "00:18:10", "end": "00:18:17", "text": "them all. But pretty much all these stocks are down 70, 80%, 90. I mean, they're just getting decimated. I don't"}, {"start": "00:18:17", "end": "00:18:22", "text": "see with all the all the positive news that Bitcoin got this year. I mean, it"}, {"start": "00:18:22", "end": "00:18:29", "text": "couldn't got better, right? And that's what I was saying earlier in the year. I was saying things couldn't possibly be better for Bitcoin. Everything you could"}, {"start": "00:18:29", "end": "00:18:35", "text": "possibly hope for has already happened. So, what could go right? Nothing. All that can happen is something goes wrong"}, {"start": "00:18:35", "end": "00:18:41", "text": "because it was already priced for perfection. But, you know, meanwhile, the big money has been selling into this"}, {"start": "00:18:41", "end": "00:18:47", "text": "hype all year. That's why, you know, that's what's going on, right? People that bought Bitcoin for $100 of Bitcoin,"}, {"start": "00:18:47", "end": "00:18:53", "text": "$500 or $1,000, they just been selling. That's why they that's why they bankrolled Trump's campaign because they"}, {"start": "00:18:53", "end": "00:18:58", "text": "knew that if he was president, they'd be able to get out of their Bitcoin at a better price than if Harris was"}, {"start": "00:18:58", "end": "00:19:04", "text": "president. Interesting theory there. Okay. Well, I mean, look, I'm not going to defend the dats. I mean, I personally never never"}, {"start": "00:19:04", "end": "00:19:10", "text": "thought they made lots of sense. I mean, say strategy is the unique beast in that case, in that sense. But yeah, I mean,"}, {"start": "00:19:10", "end": "00:19:15", "text": "I've looked at some of these others and they've been really terrible structures. Okay, moving on from what's happening in"}, {"start": "00:19:15", "end": "00:19:22", "text": "the markets right now to Bitcoin for Bitcoin, but more specifically honing in on the comparisons from a fundamental"}, {"start": "00:19:22", "end": "00:19:30", "text": "perspective and a fundamental investment perspective for gold versus Bitcoin. And um I'm curious, how do you respond to"}, {"start": "00:19:30", "end": "00:19:36", "text": "crypto proponents who argue that Bitcoin has digital scarcity and utility that"}, {"start": "00:19:36", "end": "00:19:42", "text": "give it value distinct from gold? Well, it is distinct from gold because it's nothing like gold. So, it's not"}, {"start": "00:19:42", "end": "00:19:48", "text": "really digital gold. It's something completely different. Uh so, I think it's a fraud to, you know, kind of"}, {"start": "00:19:48", "end": "00:19:55", "text": "represent it as some kind of digital version of gold. And obviously this year where gold's up better than 50% and"}, {"start": "00:19:55", "end": "00:20:00", "text": "Bitcoin is down, you know, highlights the sharp difference even in the market"}, {"start": "00:20:00", "end": "00:20:05", "text": "the way the two assets trade. Gold is more of a safe haven store of value and"}, {"start": "00:20:05", "end": "00:20:11", "text": "Bitcoin is a highly speculative risk on whatever it is. So the investment"}, {"start": "00:20:11", "end": "00:20:16", "text": "characteristics are very dissimilar and of course the fundamental characteristics are completely"}, {"start": "00:20:16", "end": "00:20:22", "text": "dissimilar because in that respect they're not the same. And of course, central banks hold substantial reserves"}, {"start": "00:20:22", "end": "00:20:30", "text": "in gold. In fact, now they hold more reserves in gold than US treasuries, but they don't hold any reserves in Bitcoin."}, {"start": "00:20:30", "end": "00:20:36", "text": "So, it's not a reserve asset. It's not an industrial commodity, a precious metal. It so it it really has nothing in"}, {"start": "00:20:36", "end": "00:20:43", "text": "common with gold other than the fact that the promoters are trying to create, you know, the false impression that it"}, {"start": "00:20:43", "end": "00:20:51", "text": "is digital gold to try to justify its valuation. But that's more of a meme than a a reality. And you know, Bitcoin"}, {"start": "00:20:51", "end": "00:20:58", "text": "is down better than 40% priced in gold. It's substantially lower than it was when it hit its peak four years ago. And"}, {"start": "00:20:58", "end": "00:21:06", "text": "so I think it's going to be hard to justified. As far as the scarcity is concerned, gold is actually scarce in"}, {"start": "00:21:06", "end": "00:21:12", "text": "nature. There is a limited quantity of gold on the planet and probably"}, {"start": "00:21:12", "end": "00:21:17", "text": "throughout the universe, right? I you know it's not like you know it's hydrogen or you know helium it's just"}, {"start": "00:21:17", "end": "00:21:25", "text": "you know it's a very scarce element it's very scarce for a metal naturally right God made it scarce right bitcoin is"}, {"start": "00:21:25", "end": "00:21:30", "text": "scarce only in the sense that we've programmed it to be scarce but there's"}, {"start": "00:21:30", "end": "00:21:37", "text": "21 million bitcoin and it sounds like there's not that many but there's 2.1 quadrillion satoshi's that's a lot of"}, {"start": "00:21:37", "end": "00:21:44", "text": "satoshi's bitcoin itself is an ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar ar arbitrary construct. It's an arbitrary bundle of 100 million Satoshi's, but"}, {"start": "00:21:44", "end": "00:21:51", "text": "there's no scarce scarcity of Satoshi's, right? They're all over the place. And so if we just called if a Bitcoin was a"}, {"start": "00:21:51", "end": "00:21:56", "text": "Satoshi and we said, \"Hey, this Bitcoin is scarce, there's a 200 2.1 quadrillion"}, {"start": "00:21:56", "end": "00:22:03", "text": "of them, people would laugh at you trying to claim it was scarce.\" So there's plenty of Satoshi's to go around. Everybody in the in the in the"}, {"start": "00:22:03", "end": "00:22:09", "text": "world can have a hundred thou few hundred thousand of these things, no problem. So, it's not real scarcity, but"}, {"start": "00:22:09", "end": "00:22:16", "text": "also gold's properties can't be replicated. I can't just create another metal that does what gold does, but I"}, {"start": "00:22:16", "end": "00:22:23", "text": "can create another token that does what Bitcoin does. In fact, they already exist. There's there's tons of them. There's thousands of these things. And"}, {"start": "00:22:23", "end": "00:22:28", "text": "and so, Bitcoin competes with all these other tokens, you know, whether it's"}, {"start": "00:22:28", "end": "00:22:33", "text": "Ethereum or, you know, Salano or Doge or"}, {"start": "00:22:33", "end": "00:22:39", "text": "Fartcoin or Trumpcoin. There's all this crap that people could buy and you could say, \"Oh, those are just shitcoins.\" But"}, {"start": "00:22:39", "end": "00:22:46", "text": "still, right, that's a crypto. And there's also, you know, Bitcoin Cash, Bitcoin Gold, you know, Bitcoin BSV,"}, {"start": "00:22:46", "end": "00:22:51", "text": "whatever, all these different Bitcoin, you know, forks that have come off of the thing. You can't fork gold. There's"}, {"start": "00:22:51", "end": "00:22:58", "text": "no other gold. There's just gold. You want gold, you got to buy gold. That's basically it. So, it's real scarcity."}, {"start": "00:22:58", "end": "00:23:03", "text": "The Bitcoin scarcity is just a marketing gimmick. But also, scarcity in and of"}, {"start": "00:23:03", "end": "00:23:08", "text": "itself doesn't make something valuable, right? I mean, I can make an original"}, {"start": "00:23:08", "end": "00:23:14", "text": "Peter Schiff drawing and it could be a one-of-a-kind, but you know, scarce, there's only one of them, but what the"}, {"start": "00:23:14", "end": "00:23:21", "text": "hell is it worth? I don't know what I mean, I'm not Picasso. I don't know what people are going to pay for it. You need demand. You need scarcity, and you need"}, {"start": "00:23:21", "end": "00:23:27", "text": "to have a lot of demand. Well, all the demand for Bitcoin comes from speculators who think the price is going"}, {"start": "00:23:27", "end": "00:23:33", "text": "to go up. That's the only reason most people want to buy it. But if speculators no longer want Bitcoin"}, {"start": "00:23:33", "end": "00:23:38", "text": "because they no longer have confidence that the price is going to go up, all the demand is gone. So who cares what"}, {"start": "00:23:38", "end": "00:23:43", "text": "the supply is, the supply is worthless if nobody wants it. So you know this is"}, {"start": "00:23:43", "end": "00:23:48", "text": "a, you know, a decentralized Ponzi pyramid scheme, greater fool. You know,"}, {"start": "00:23:48", "end": "00:23:54", "text": "it's not gold 2.0, it's tulips 2.0. I mean so coming back to a few of the"}, {"start": "00:23:54", "end": "00:24:01", "text": "points there around the supply and you mentioned that Satoshi's not they they are infinite because you can infinitely"}, {"start": "00:24:01", "end": "00:24:08", "text": "divisible bitcoin but so is gold to a degree that you can also bring you know whatever gold bar you can in divide you"}, {"start": "00:24:08", "end": "00:24:16", "text": "know break it down into many different pieces here divisible here's the difference there yeah in theory you can divide gold"}, {"start": "00:24:16", "end": "00:24:23", "text": "into those small quantities although tokenized gold yes I mean real gold if you tried to take an ounce gold and"}, {"start": "00:24:23", "end": "00:24:29", "text": "break it up into 100 million tiny specks, you know, you'd lose them. I"}, {"start": "00:24:29", "end": "00:24:34", "text": "mean, it would be something that would be almost impossible for to do cuz you're talking about microscopic. I"}, {"start": "00:24:34", "end": "00:24:40", "text": "mean, I don't know if there's if we could do it, but obviously if you tokenize gold, sure, I can take a gold"}, {"start": "00:24:40", "end": "00:24:46", "text": "token, which I do I'm going to be doing with T- Gold. People should go to my new website, te- gold.com. But I can take an"}, {"start": "00:24:46", "end": "00:24:53", "text": "ounce of gold, tokenize it, and then you can take that token and I can break it into the same 100 million, you know,"}, {"start": "00:24:53", "end": "00:25:00", "text": "units as as Bitcoin, and you can transacted it. But here's the difference. The value of gold comes from"}, {"start": "00:25:00", "end": "00:25:07", "text": "its use case as a metal, as a precious metal. And so it depends on, you know,"}, {"start": "00:25:07", "end": "00:25:13", "text": "how much gold you need. So, if you are a jeweler and you're making bracelets, you"}, {"start": "00:25:13", "end": "00:25:19", "text": "need a specific quantity of gold to make those bracelets. You can't just buy little specks of it. You need a certain"}, {"start": "00:25:19", "end": "00:25:24", "text": "amount of it. And it's because you need a certain quantity of gold. If you could"}, {"start": "00:25:24", "end": "00:25:31", "text": "just do whatever you wanted with a tiny speck, right, then it wouldn't be as scarce. If I want to actually use gold,"}, {"start": "00:25:31", "end": "00:25:37", "text": "I need a certain quantity of it to actually do what I need to do. But for Bitcoin, you don't really need any"}, {"start": "00:25:37", "end": "00:25:44", "text": "particular quantity because you can't do anything with it, no matter how much of it you have. It just, you know, all you can do is trade it. So that's the"}, {"start": "00:25:44", "end": "00:25:49", "text": "difference between a speck of gold and a speck of Bitcoin. A speck of gold isn't"}, {"start": "00:25:49", "end": "00:25:57", "text": "going to help me if I'm a jeweler. I need a lot of gold. But if I'm just gambling on Bitcoin, I can gamble on one sat. If I have one sat, I'm in the game."}, {"start": "00:25:57", "end": "00:26:02", "text": "I'm playing, right? It can go up. I can sell it. So, you know, it's very different."}, {"start": "00:26:02", "end": "00:26:09", "text": "Okay. But in terms of Bitcoin's properties as a digital asset, right, uh that is cryptographically secure."}, {"start": "00:26:09", "end": "00:26:14", "text": "Obviously, there's the hard supply and all that, but in terms of it being digital, natively digital means that"}, {"start": "00:26:14", "end": "00:26:21", "text": "it's easy to store and move around. I mean, so obviously you know about gold can be seized and it's hard to move. I"}, {"start": "00:26:21", "end": "00:26:29", "text": "mean FDR back in 1930s issued an executive order which tried to to seize all the gold. And Maduro um despite what"}, {"start": "00:26:29", "end": "00:26:35", "text": "you think of him, he had gold in a London vault that was seized by the UK government. Yeah. And if you're a person who's"}, {"start": "00:26:35", "end": "00:26:41", "text": "trying to store wealth in terms of a a store of value and you're trying to imagine freeing fleeing a war zone"}, {"start": "00:26:41", "end": "00:26:47", "text": "carrying gold is not very easy as storing Bitcoin in a in a brain wallet. So I think that the qualities of ass of"}, {"start": "00:26:47", "end": "00:26:53", "text": "the asset as Bitcoin is natively digital is something that gold doesn't inherently have. Well, let me I'll address all that. I"}, {"start": "00:26:53", "end": "00:27:00", "text": "mean, first of all, yes, Roosevelt seized gold in the 30s, but they didn't seize it in the sense that government"}, {"start": "00:27:00", "end": "00:27:05", "text": "agents went doortodoor like shaking people down for their gold. They people had to voluntarily, you know, or I mean"}, {"start": "00:27:05", "end": "00:27:12", "text": "it was a law, so they were required to show up with their gold and hand it in. But most gold wasn't handed in. People"}, {"start": "00:27:12", "end": "00:27:18", "text": "just kept it and nothing happened to them, right? Nobody went to jail. Nobody paid a fine for breaking that law,"}, {"start": "00:27:18", "end": "00:27:23", "text": "right? So, people kept their gold. And that's why we still have so many, you know, old gold coins because all the"}, {"start": "00:27:23", "end": "00:27:29", "text": "gold coins that were turned in were melted down and they were turned back into bullion. But we have all these"}, {"start": "00:27:29", "end": "00:27:37", "text": "coins today because the people didn't obey the law. So, it's very hard to enforce a law that requires you to turn"}, {"start": "00:27:37", "end": "00:27:44", "text": "in your physical gold because the government doesn't know that you own it. They don't know where you have it. It's very private. On the other hand, seizing"}, {"start": "00:27:44", "end": "00:27:50", "text": "Bitcoin is relatively easy. I mean, the US government is one of the biggest owners of Bitcoin. All of it was seized,"}, {"start": "00:27:50", "end": "00:27:57", "text": "right? There's lots of Bitcoin. Governments all around the world have seized Bitcoin. So, to say that you can't seize Bitcoin, that's not true. I"}, {"start": "00:27:57", "end": "00:28:04", "text": "mean, there there are lots of it. And, you know, it it leaves a trace. I mean, people have been busted for crimes"}, {"start": "00:28:04", "end": "00:28:09", "text": "because they were using Bitcoin for payments. If they were using physical gold, you know, they would have had no"}, {"start": "00:28:09", "end": "00:28:15", "text": "no clue. So, it's it's not as secure and confiscationfree as people think. And"}, {"start": "00:28:15", "end": "00:28:22", "text": "there is no real history of governments going to people's houses and like shaking them down and and looking for"}, {"start": "00:28:22", "end": "00:28:27", "text": "their gold. That hasn't happened. But I do agree that it's easier to port"}, {"start": "00:28:27", "end": "00:28:33", "text": "Bitcoin than gold. I can transfer it easier. Yeah. You know, when you're transferring nothing, it shouldn't be"}, {"start": "00:28:33", "end": "00:28:39", "text": "that expensive. I mean, if I'm transferring gold, I'm transferring something. It's a physical commodity."}, {"start": "00:28:39", "end": "00:28:45", "text": "So, yeah. I got to put it in a box and send it. Got to insure it. It's going to take time to get there. So, yes, Bitcoin"}, {"start": "00:28:45", "end": "00:28:51", "text": "has the advantage because it doesn't have any substance. It doesn't have any real value. But that's where tokenized"}, {"start": "00:28:51", "end": "00:28:57", "text": "gold comes in. I could tokenize my gold and somebody can hold the token and they"}, {"start": "00:28:57", "end": "00:29:03", "text": "can transfer that. They could take that across borders. Nobody knows that knows about it. They can send it. They can"}, {"start": "00:29:03", "end": "00:29:09", "text": "receive it. It's just as portable. It's just as divisible. In fact, it's it's faster and cheaper than Bitcoin."}, {"start": "00:29:09", "end": "00:29:16", "text": "You need if you want to redeem that gold and you'd have to redeem it at some sort of mint or something, right? And you'd have to rely on a centralized party to"}, {"start": "00:29:16", "end": "00:29:21", "text": "get that gold, which is But you never actually unless you need the gold, right? Unless you're a"}, {"start": "00:29:21", "end": "00:29:26", "text": "jeweler, unless you manufacture, you know, computer chips or something, you don't actually need the gold. You could"}, {"start": "00:29:26", "end": "00:29:34", "text": "just hold on to the token, right? You never have to go and redeem it and it still works. But the value of the token"}, {"start": "00:29:34", "end": "00:29:40", "text": "is derived from the gold that the token represents ownership of. So if I own"}, {"start": "00:29:40", "end": "00:29:46", "text": "tokenized gold, I actually own gold. So that really is digital gold. If I own Bitcoin, I own nothing. I can't take my"}, {"start": "00:29:46", "end": "00:29:52", "text": "Bitcoin to anybody and get anything of value for it. I think that Bitcoiners would have the argument that tokenized"}, {"start": "00:29:52", "end": "00:29:59", "text": "gold of some description is mean that you have to be reliant on a centralized issue, a mentor and redeemer and and"}, {"start": "00:29:59", "end": "00:30:06", "text": "custodian of the gold. Yeah. Well, I bet Well, first of all, everybody who owns a Bitcoin ETF is relying on a third party."}, {"start": "00:30:06", "end": "00:30:11", "text": "Everybody who puts their Bitcoin on an exchange is relying on a a third party."}, {"start": "00:30:11", "end": "00:30:16", "text": "Plus, a lot of these people who own Bitcoin also buy insurance policies."}, {"start": "00:30:16", "end": "00:30:23", "text": "They have auto insurance. They have fire insurance. They have health insurance. They're trusting third parties to pay"}, {"start": "00:30:23", "end": "00:30:29", "text": "the claims if they if they submit them. I mean, capitalism is about third parties and trusting third parties."}, {"start": "00:30:29", "end": "00:30:35", "text": "That's how it works. And so it works fine with trusting a third party to store your gold. Now, obviously, you"}, {"start": "00:30:35", "end": "00:30:42", "text": "just don't let any old Joe SMO hold your gold, just like you just don't buy an insurance policy just from whoever shows"}, {"start": "00:30:42", "end": "00:30:48", "text": "up at your door. You do some research into the market. You try to find a reputable company with a good balance"}, {"start": "00:30:48", "end": "00:30:55", "text": "sheet and a long history of paying claims. And so, it would be the same thing. If I'm going to hold a gold token, whose token is it? Who issued it?"}, {"start": "00:30:55", "end": "00:31:02", "text": "What's their track record? What's their balance sheet look like? What kind of insurance do they have? Who are the people? Right? That that's all you do."}, {"start": "00:31:02", "end": "00:31:10", "text": "Because yes, if I own Bitcoin, I don't have to trust a third party, assuming I self custody. But the ultimate trust is"}, {"start": "00:31:10", "end": "00:31:17", "text": "that I have to trust that there's a group of people in the future who are going to want the Bitcoin. I have to"}, {"start": "00:31:17", "end": "00:31:23", "text": "trust that people will continue to believe that nothing is something and and have faith. I don't want to take"}, {"start": "00:31:23", "end": "00:31:30", "text": "that leap leap of faith. I would rather trust a reliable custodian to hold something than trust that a group of"}, {"start": "00:31:30", "end": "00:31:36", "text": "people, right, believe that that nothing is something because who knows what people are going to believe about"}, {"start": "00:31:36", "end": "00:31:41", "text": "Bitcoin in five or 10 years. Nobody may even care about Bitcoin. It may the"}, {"start": "00:31:41", "end": "00:31:47", "text": "price may be zero. I don't have that risk with gold. There's no way that gold's going to zero. It's just I mean"}, {"start": "00:31:47", "end": "00:31:55", "text": "there's no precedent for that ever happening through all of recorded history. Yeah. I mean F. Okay. It's a long"}, {"start": "00:31:55", "end": "00:32:01", "text": "debate. We can get get into it as much as possible in terms of Bitcoin versus gold. But just honing in on something else you've said recently as well, but"}, {"start": "00:32:01", "end": "00:32:08", "text": "more specifically, and you've mentioned this before, strategy, micro strategy, and you've essentially basically accused"}, {"start": "00:32:08", "end": "00:32:13", "text": "it of operating like a Ponziike model with its preferred shares. And I'm just curious to get exactly what to"}, {"start": "00:32:13", "end": "00:32:20", "text": "understand exactly what you mean by that. And by the way, I challenged on X Michael Sailor to a debate on this very"}, {"start": "00:32:20", "end": "00:32:25", "text": "topic. I mean, he's been ducking me on debating gold versus Bitcoin. And so I,"}, {"start": "00:32:25", "end": "00:32:31", "text": "you know, posted on X, hey, you know, Michael, we're both going to be in Dubai for blockchain week. I'd like to debate"}, {"start": "00:32:31", "end": "00:32:37", "text": "strategy. I think it's it's a scam. I don't think it's a viable business. I think it's going to go bankrupt. I'd"}, {"start": "00:32:37", "end": "00:32:43", "text": "like to debate that with you. Right. So, I don't expect them to pick up that gauntlet. Uh, but you know, the reason I"}, {"start": "00:32:43", "end": "00:32:50", "text": "think that strategy is really just a pyramid is it doesn't have a business. Yeah. There's a tiny software business"}, {"start": "00:32:50", "end": "00:32:57", "text": "that nobody gives a damn about. Doesn't even make money. I think their software business loses money. So, forget about"}, {"start": "00:32:57", "end": "00:33:03", "text": "that. Micro Strategy's real business is buying Bitcoin. That's its business. And"}, {"start": "00:33:03", "end": "00:33:09", "text": "how does it buy Bitcoin? It issues shares, common shares. It issues them at"}, {"start": "00:33:09", "end": "00:33:15", "text": "a premium. At least it has been because this the stock price, they might have had a dollars worth of Bitcoin. Each"}, {"start": "00:33:15", "end": "00:33:22", "text": "strategy share was trading at $1.50. So that meant strategy could sell stock at a $1.50 and then take that $1.50, you"}, {"start": "00:33:22", "end": "00:33:29", "text": "know, and buy a $150 worth of Bitcoin and now that the Bitcoin that he owned per share would keep increasing. And"}, {"start": "00:33:29", "end": "00:33:35", "text": "that was the, you know, the source of his Bitcoin yield. And that was the validation of our business. We're"}, {"start": "00:33:35", "end": "00:33:42", "text": "generating a Bitcoin yield because the Bitcoin that we own per share keeps going up. And and that was true. Of"}, {"start": "00:33:42", "end": "00:33:48", "text": "course, the debt was piling up, too. the preferred stock and the the the convertibles, but nobody really cared"}, {"start": "00:33:48", "end": "00:33:54", "text": "about that. That business model can only continue so long as the stock is trading"}, {"start": "00:33:54", "end": "00:34:01", "text": "at a premium. And once it's trading at a discount, then it no longer has the ability to generate this yield. And so"}, {"start": "00:34:01", "end": "00:34:07", "text": "it the very foundation of its existence, you know, disappears. If Micro Strategy"}, {"start": "00:34:07", "end": "00:34:13", "text": "can't generate a Bitcoin yield, then what's the point of owning it? Just own Bitcoin. Why are you buying strategy?"}, {"start": "00:34:13", "end": "00:34:20", "text": "Right now, if strategy trades at a big enough discount, right, if it's trading at, you know, 20 30% below, people might"}, {"start": "00:34:20", "end": "00:34:26", "text": "decide to buy strategy instead of Bitcoin because, hey, I like Bitcoin. Well, I can buy it for.7 cents by buying"}, {"start": "00:34:26", "end": "00:34:32", "text": "strategy, right? But that takes demand away from Bitcoin now. Uh because it's like this big closed end closed end fund"}, {"start": "00:34:32", "end": "00:34:38", "text": "that's at a discount. But the problem is they've issued a lot of these convertible debt where they've promised"}, {"start": "00:34:38", "end": "00:34:44", "text": "to pay dividends, but they don't really have to. If you look at the language on the convertibles, strategy has to"}, {"start": "00:34:44", "end": "00:34:50", "text": "declare a dividend. And if they don't declare it, you get nothing. And I think they're going to stop the they're not going to declare any dividends. They're"}, {"start": "00:34:50", "end": "00:34:55", "text": "not going to have any way to pay it. They're not going to want to dilute the stock that massively. And so they're"}, {"start": "00:34:55", "end": "00:35:02", "text": "just going to stop all payments on all the preferreds, which is going to destroy the demand for those things. All these income oriented funds that own"}, {"start": "00:35:02", "end": "00:35:09", "text": "them are going to have to sell them because they're not going to have any kind of yield anymore. The 8 10% yield was all anyway. But strategy"}, {"start": "00:35:09", "end": "00:35:15", "text": "does have a lot of convertibles that are going to mature and they're going to have to pay billions and billions of"}, {"start": "00:35:15", "end": "00:35:20", "text": "dollars of cash starting I don't know what if it's 2028 or when the first ones"}, {"start": "00:35:20", "end": "00:35:26", "text": "start rolling over but 2028 2029 2030 they're going to have to come up with billions of dollars. Well, where are"}, {"start": "00:35:26", "end": "00:35:32", "text": "they going to get that money? They they don't have any money. All they have is Bitcoin and that Bitcoin is going to keep losing value. So they're they're"}, {"start": "00:35:32", "end": "00:35:38", "text": "going to have to sell the Bitcoin eventually to repay the debt. And so, you know, that's the Ponzi nature of"}, {"start": "00:35:38", "end": "00:35:43", "text": "this of this thing. In fact, the interest that they're paying now on their convertibles, they have to borrow"}, {"start": "00:35:43", "end": "00:35:49", "text": "the money to do that. The company doesn't generate any income. So, the only way they can pay a yield is to"}, {"start": "00:35:49", "end": "00:35:54", "text": "borrow the money. I think they they do the operating entity itself, they do still do have a"}, {"start": "00:35:54", "end": "00:36:00", "text": "software business that generates $500 million. They also they also have operating losses. If you"}, {"start": "00:36:00", "end": "00:36:05", "text": "look at their financials, exing out the unrealized Bitcoin gains, which they"}, {"start": "00:36:05", "end": "00:36:11", "text": "they count as earnings, which is ridiculous because obviously now they've lost a for fortune this year. If you're"}, {"start": "00:36:11", "end": "00:36:18", "text": "going to play that game, the losses are monumental year to date. If you just take out the unrealized appreciation of"}, {"start": "00:36:18", "end": "00:36:26", "text": "their Bitcoin, they're operating at a loss even with whatever income is being generated by the the software business."}, {"start": "00:36:26", "end": "00:36:32", "text": "Yeah, fair. But I mean in terms of like the question around the cost of servicing the preferred or paying the"}, {"start": "00:36:32", "end": "00:36:38", "text": "interest on that and concerns around that I mean they just released today that they have in terms of their current"}, {"start": "00:36:38", "end": "00:36:44", "text": "cash reserves they have 71 years of dividends coverage assuming you know right now in terms of what they've got."}, {"start": "00:36:44", "end": "00:36:50", "text": "So who says they have 70 years of coverage? I mean strategy strategy disclose that"}, {"start": "00:36:50", "end": "00:36:55", "text": "but where are you going to get the money to do that? I mean they've got cash right and they like I said"}, {"start": "00:36:55", "end": "00:37:02", "text": "they don't they don't have cash. They spent all their cash on Bitcoin. That's what I'm sure you'll get into. Maybe maybe M"}, {"start": "00:37:02", "end": "00:37:07", "text": "maybe maybe Sila will accept your your uh request for debate Dubai and then you can get into the weeds of their"}, {"start": "00:37:07", "end": "00:37:13", "text": "financials. I'm not going to be I'm not going to be a strategy spokesman here. I'm just saying I think that I think"}, {"start": "00:37:13", "end": "00:37:19", "text": "that they've proven themselves to the previous cycle and um we'll have to see how this plays out. But I would love to see that debate. So hopefully I accept."}, {"start": "00:37:19", "end": "00:37:25", "text": "Um, now I want to move on to a few more another topic obviously uh that you're wellversed in and you've talked about a"}, {"start": "00:37:25", "end": "00:37:31", "text": "lot here and that is gold and what's driving gold and it's really interesting in fact as well and it's up 50% year to"}, {"start": "00:37:31", "end": "00:37:38", "text": "date. So I'm curious from this perspective 50% is a lot for an asset the size of gold. So do you see this as"}, {"start": "00:37:38", "end": "00:37:44", "text": "a sustainable move? Yeah, I mean I think that it's the last two years really. Gold broke out above"}, {"start": "00:37:44", "end": "00:37:51", "text": "uh 2,000 a couple years ago and it's more than doubled over that time period. It broke out of the consolidation that"}, {"start": "00:37:51", "end": "00:37:57", "text": "it was stuck in for a dozen years. And again, it was those 12 years where"}, {"start": "00:37:57", "end": "00:38:03", "text": "Bitcoin flourished because gold wouldn't do anything. But now, gold is performing. People who own gold are"}, {"start": "00:38:03", "end": "00:38:09", "text": "satisfied with their returns. They're beating the stock market. You know, they're they're beating Bitcoin uh"}, {"start": "00:38:09", "end": "00:38:16", "text": "substantially. And so, there's a lot of demand. But what drove gold up here is not investor demand. It was central bank"}, {"start": "00:38:16", "end": "00:38:22", "text": "demand. In fact, for most of the last two years, retail investors and even institutional investors were selling"}, {"start": "00:38:22", "end": "00:38:28", "text": "their gold. They were taking money out of gold and buying Bitcoin. And so, they missed out on this huge gain. But now,"}, {"start": "00:38:28", "end": "00:38:34", "text": "you know, looking backwards, they're regretting that decision. But since gold has performed so well, it's attracting"}, {"start": "00:38:34", "end": "00:38:42", "text": "the attention of Wall Street. In fact, JP Morgan recently said that the 60/40 portfolio should be tweaked. it should"}, {"start": "00:38:42", "end": "00:38:47", "text": "be 60 2020 and that you should sell half your bonds and put the money into gold,"}, {"start": "00:38:47", "end": "00:38:53", "text": "you know. So, you're starting to see investors realizing that they should own gold and they need to own gold and they"}, {"start": "00:38:53", "end": "00:39:00", "text": "will be buying gold. Meanwhile, the central banks that have been buying it the last couple years are going to keep buying it and a lot of central banks"}, {"start": "00:39:00", "end": "00:39:06", "text": "that weren't buying it are going to start. Uh so I think the demand for gold over the next several years is going to"}, {"start": "00:39:06", "end": "00:39:11", "text": "really accelerate and what it really is is a rotation out of US dollars and out"}, {"start": "00:39:11", "end": "00:39:17", "text": "of US treasuries. That's why foreign central banks are buying gold. They they don't trust the dollar. They don't trust"}, {"start": "00:39:17", "end": "00:39:22", "text": "treasuries given the exploding debt and the Fed monetization and all the things"}, {"start": "00:39:22", "end": "00:39:29", "text": "that that we're doing destroy confidence. You know, we've destroyed confidence in the independence of the Fed and in our ability to get our fiscal"}, {"start": "00:39:29", "end": "00:39:36", "text": "house in order. So, you know, the dollar is doomed. It's, you know, it's everybody's trying to get out of the dollar and the only way to get out of"}, {"start": "00:39:36", "end": "00:39:42", "text": "the dollar is to get into gold and that that's what's going on. So, this is very significant. It really is a canary in a"}, {"start": "00:39:42", "end": "00:39:48", "text": "monetary coal mine. And I think people are, you know, glossing over the risk. You know, when you hear all these Fed"}, {"start": "00:39:48", "end": "00:39:54", "text": "chairman say, \"Oh, inflation expectations are well anchored and contained and so we've done a good job.\""}, {"start": "00:39:54", "end": "00:39:59", "text": "$4,000 gold is telling you that nobody believes you because if people believe"}, {"start": "00:39:59", "end": "00:40:06", "text": "that inflation was contained, they wouldn't be paying up for gold. The reason they're buying all this gold is because they know the Fed is full of it."}, {"start": "00:40:06", "end": "00:40:11", "text": "Inflation is going to be a lot higher and so people don't want to lose that purchasing power and so they're getting"}, {"start": "00:40:11", "end": "00:40:18", "text": "out and they're they're buying gold and that that's how they can protect themselves. So I'm curious then in terms of like the actual bias because I was"}, {"start": "00:40:18", "end": "00:40:24", "text": "reading an article earlier like this week about in the central banks themselves are especially the Chinese"}, {"start": "00:40:24", "end": "00:40:30", "text": "central bank are trying not to disclose this because they cons you know privacy and concerns like that. I mean in terms"}, {"start": "00:40:30", "end": "00:40:36", "text": "of do you think there is this massive bid just coming from the PBOC for gold right now or do you think it's central"}, {"start": "00:40:36", "end": "00:40:43", "text": "banks more broadly like all the others as well where where do you think this hidden bid is coming from because the disclosures in terms of the IMF for gold"}, {"start": "00:40:43", "end": "00:40:50", "text": "purchase from central banks are nowhere near what would justify the price of gold right now? Yeah. Well, I think the Chinese are"}, {"start": "00:40:50", "end": "00:40:57", "text": "being deliberately koi about how much gold they're buying. You know, China is the world's largest producer of gold,"}, {"start": "00:40:57", "end": "00:41:02", "text": "but they don't export any of it. So, who the hell knows how much is being produced? Because the Chinese government"}, {"start": "00:41:02", "end": "00:41:07", "text": "is pretty much buying it all. But if the goal of the Chinese government is to buy"}, {"start": "00:41:07", "end": "00:41:15", "text": "a lot of gold, the last thing they want to do is let the owners of gold and the sellers of gold know that because they"}, {"start": "00:41:15", "end": "00:41:20", "text": "obviously want to buy it as low a price as possible. And so, the way to do that"}, {"start": "00:41:20", "end": "00:41:27", "text": "is keep your intentions secret. Play your cards, you know, close to the vest so people don't see what you're holding."}, {"start": "00:41:27", "end": "00:41:33", "text": "And so they have no incentive to let the world know how much gold they've bought because then they're like, \"Oh my god,"}, {"start": "00:41:33", "end": "00:41:38", "text": "what are they, you know, we better not sell them anymore. They've got way too much.\" So I think they're being"}, {"start": "00:41:38", "end": "00:41:46", "text": "deliberately, you know, deceptive about what they hold. And I think their goal really is to create the world's dominant"}, {"start": "00:41:46", "end": "00:41:52", "text": "currency. I think they want to supplant the US dollar as the main uh currency of"}, {"start": "00:41:52", "end": "00:41:57", "text": "the world. The best way to do that is to own enough gold where they can now back"}, {"start": "00:41:57", "end": "00:42:03", "text": "their currency by gold and make it convertible at some fixed rate with"}, {"start": "00:42:03", "end": "00:42:08", "text": "gold. Uh mimicking what we used to do with the dollar. You know, the US became"}, {"start": "00:42:08", "end": "00:42:14", "text": "the dollar became the reserve currency only because it was backed by and convertible into gold. Now, there were"}, {"start": "00:42:14", "end": "00:42:19", "text": "other things that we had going for us, but without that gold backing and convertability, you know, the dollar"}, {"start": "00:42:19", "end": "00:42:26", "text": "never would have been the reserve. And so China wants to replicate that I think and so they need to accumulate a lot of"}, {"start": "00:42:26", "end": "00:42:33", "text": "gold and so that's what they're doing. That's on the if one could say it the ddollarization angle of the gold trade."}, {"start": "00:42:33", "end": "00:42:39", "text": "Now how much in terms of what is driving gold's price right now is that the ddollarization by central banks or"}, {"start": "00:42:39", "end": "00:42:45", "text": "indeed investors who want to thinking about dolization as a narrative versus geopolitical risk versus inflation"}, {"start": "00:42:45", "end": "00:42:51", "text": "fears. And I think yeah the dorization trend kicked off in terms of what we could see in the chart 2022 Russian"}, {"start": "00:42:51", "end": "00:42:57", "text": "central bank seized in their assets but how much of it do you think from an investor's perspective is driven by"}, {"start": "00:42:57", "end": "00:43:03", "text": "these different three different factors geopolitical inflation or ddollarization? Yeah the ddollarization"}, {"start": "00:43:03", "end": "00:43:11", "text": "narrative which I believe in didn't really you know make it to the forefront of discussion until very recently as a"}, {"start": "00:43:11", "end": "00:43:17", "text": "way to explain oh shoot look what's happened to the goal what's going on. So to the extent that private investors are"}, {"start": "00:43:17", "end": "00:43:23", "text": "playing ddollarization, they just started. So it's still early in the game. The central banks have been"}, {"start": "00:43:23", "end": "00:43:28", "text": "ddollarizing for years now and nobody talked about it. Nobody appreciated it."}, {"start": "00:43:28", "end": "00:43:34", "text": "So yeah, I mean I I believe it. I've been warning about it. I've been advising my customers to ddollarize for"}, {"start": "00:43:34", "end": "00:43:42", "text": "years. I was way ahead of the curve here on ddollarizing. That's, you know, and I've been having my clients buy gold,"}, {"start": "00:43:42", "end": "00:43:47", "text": "you know, since it was under $300 an ounce. Now, yeah, it didn't go up as much as Bitcoin, but it went up more"}, {"start": "00:43:47", "end": "00:43:54", "text": "than the S&P 500. So, it's been a pretty good thing for people to have owned over time because it's been a lot better than"}, {"start": "00:43:54", "end": "00:43:59", "text": "the US dollar. And then on inflation side of it, yeah. Well, darization is being driven"}, {"start": "00:43:59", "end": "00:44:06", "text": "by inflation, right? because inflation is going to be quite high in the US and that's going to erode the value of your"}, {"start": "00:44:06", "end": "00:44:12", "text": "dollar and the interest that you're able to earn on dollars by buying treasuries won't even come close to offsetting what"}, {"start": "00:44:12", "end": "00:44:18", "text": "you lose to inflation. And and the reason is we can't if we had to allow"}, {"start": "00:44:18", "end": "00:44:24", "text": "interest rates to rise sufficiently to compensate holders of treasuries for"}, {"start": "00:44:24", "end": "00:44:30", "text": "what they're going to lose to inflation and dollar depreciation. We we couldn't afford it. We we just don't have the"}, {"start": "00:44:30", "end": "00:44:37", "text": "taxing ability. We don't have the tax base that could handle the increases in taxes that would be necessary to make"}, {"start": "00:44:37", "end": "00:44:44", "text": "that kind of interest payment. I mean, we're already paying 1.2 trillion a year now in interest. I mean, if if our and"}, {"start": "00:44:44", "end": "00:44:50", "text": "it's rising, but if we had to pay 3 trillion or 4 trillion, I mean, that's almost our entire tax base is about four"}, {"start": "00:44:50", "end": "00:44:57", "text": "or five trillion. That's everything. So, I mean, there's a limit, right? To what we could what we could spend on interest"}, {"start": "00:44:57", "end": "00:45:03", "text": "on the debt. So, I mean, the world is starting to appreciate the dynamics that are at play here. And yes, you know,"}, {"start": "00:45:03", "end": "00:45:10", "text": "it's gone on for a long time. You know, people have been criticizing the debt since the Carter administration when it"}, {"start": "00:45:10", "end": "00:45:16", "text": "was well under a trillion dollars. Ronald Reagan was very critical of he was supposed to lower the debt. He ran a"}, {"start": "00:45:16", "end": "00:45:22", "text": "campaign on Carter's deficit spending and, you know, the big national debt. And of course, it went up under Reagan,"}, {"start": "00:45:22", "end": "00:45:28", "text": "too. But when Reagan started, it was still under a trillion. you know, now it's 34 trillion, but it's going up, you"}, {"start": "00:45:28", "end": "00:45:34", "text": "know, ballistically. We're adding a trillion dollars every few months. Yeah, that's true. It's a runaway train."}, {"start": "00:45:34", "end": "00:45:42", "text": "You know, nothing stops it. Okay. So, then Well, it does eventually crash. That's what stops it. Exactly. You get to that point. Yes. Is"}, {"start": "00:45:42", "end": "00:45:47", "text": "there a price of gold in terms of that you would consider it to potentially be"}, {"start": "00:45:47", "end": "00:45:52", "text": "overvalued or in or bubbly in your view? I mean, is there any type price a price"}, {"start": "00:45:52", "end": "00:45:58", "text": "target that you would consider? Okay, guys. It seems a bit, you know, uh, uh, right now it seems a bit overvalued."}, {"start": "00:45:58", "end": "00:46:05", "text": "Yeah. Well, I think you can't really think about it in terms of a dollar price because you don't know what the"}, {"start": "00:46:05", "end": "00:46:11", "text": "dollar is worth. I mean, a million dollars an ounce could still be cheap, right? It's just all relative because"}, {"start": "00:46:11", "end": "00:46:16", "text": "the dollar is just, you know, piece of paper. So, I would look at gold relative"}, {"start": "00:46:16", "end": "00:46:22", "text": "to other commodities. Look at it relative to silver, copper, you know, as"}, {"start": "00:46:22", "end": "00:46:28", "text": "a metals. But you could look at it relative to oil, relative to wheat or soybeans, things like that. Then I would"}, {"start": "00:46:28", "end": "00:46:34", "text": "also compare it relative to other asset classes, compare it to real estate, compare it to stocks, right? Things like"}, {"start": "00:46:34", "end": "00:46:40", "text": "that. And look at it where it is in its historical context. Is gold historically"}, {"start": "00:46:40", "end": "00:46:45", "text": "expensive relative to other assets? Is it historically expensive relative to"}, {"start": "00:46:45", "end": "00:46:53", "text": "other commodities? So that would be a better way to kind of look at it and decide if you think gold is expensive or"}, {"start": "00:46:53", "end": "00:46:59", "text": "is it cheap like like for silver one of the reasons I think silver is cheap is because of how many ounces of gold how"}, {"start": "00:46:59", "end": "00:47:05", "text": "how much silver you can buy with an ounce of gold. So I could look at $50 a dollar silver 50, you know, and say,"}, {"start": "00:47:05", "end": "00:47:10", "text": "\"Hey, that's really cheap.\" And you say, \"Wow, that's that's like a record high price, not in terms of gold. It's it's"}, {"start": "00:47:10", "end": "00:47:17", "text": "still pretty cheap in terms of gold.\" And and so you always have to think of things, you know, in terms of a relative"}, {"start": "00:47:17", "end": "00:47:23", "text": "to something because the dollar could go to zero. I mean, how many, you know, what's the price of gold in Zimbabwe? I"}, {"start": "00:47:23", "end": "00:47:28", "text": "mean, I don't know, trillions of dollars an ounce, you know, but it doesn't mean anything because the currency doesn't"}, {"start": "00:47:28", "end": "00:47:34", "text": "mean anything. So I mean gold is still very cheap relative to assets relative to you know the total capitalization of"}, {"start": "00:47:34", "end": "00:47:40", "text": "the global stock market or you could look at gold relative to US GDP you know there are a lot of measures that you"}, {"start": "00:47:40", "end": "00:47:46", "text": "could look at and and you'd see that gold is still pretty cheap. Yeah. No, that's a fair point. Definitely when the"}, {"start": "00:47:46", "end": "00:47:52", "text": "debate when the asset itself evaluating it against is deflating or inflating away uh then it's hard to measure it"}, {"start": "00:47:52", "end": "00:47:57", "text": "against that. But in the shorter term then I suppose gold's and I I wonder if you have a view on the next 6 months"}, {"start": "00:47:57", "end": "00:48:04", "text": "because a lot of it is driven by like what's going on with um you know interest rate policy and inflation right and we've got the Fed meeting coming up"}, {"start": "00:48:04", "end": "00:48:10", "text": "in December next few weeks. Now the expectation is that um you know it's about 50/50 but they're going to have a"}, {"start": "00:48:10", "end": "00:48:16", "text": "cut. What do you say to those people who say that if they don't cut as expected, precious metals could pull back? I mean,"}, {"start": "00:48:16", "end": "00:48:22", "text": "they might. I mean, I don't know. I mean, they could, but they could fall back even, you know, if they do cut. I"}, {"start": "00:48:22", "end": "00:48:28", "text": "mean, I don't know. I mean, personally, I think they should be hiking rates. And so, the fact that they're not hiking"}, {"start": "00:48:28", "end": "00:48:34", "text": "rates is bullish for gold. They should be hiking. Rates are too low. So, even if rates stay where they are, I think"}, {"start": "00:48:34", "end": "00:48:40", "text": "you still have a bullish environment. I mean, the Fed thinks that their policy is moderately restrictive. Now, I think"}, {"start": "00:48:40", "end": "00:48:47", "text": "they're wrong. I think it's accommodative, and the longer it stays accommodative, the better it is uh for"}, {"start": "00:48:47", "end": "00:48:53", "text": "gold. Yes, if the Fed doesn't cut, gold could go down that day. I I don't know. I mean, it could go up, you know, maybe"}, {"start": "00:48:53", "end": "00:49:01", "text": "it depends on where it is on the day the Fed makes that announcement. I think if it's around 4,000 or a little less, I"}, {"start": "00:49:01", "end": "00:49:07", "text": "think it's more likely to go up. I mean, if gold 4,300 or something because people expect a cut and then we don't"}, {"start": "00:49:07", "end": "00:49:13", "text": "get it, then maybe it does drop back down, you know. But I think the uptrend is there. I think gold is going to"}, {"start": "00:49:13", "end": "00:49:19", "text": "continue to rise. I don't think you're going to have that big a correction. Yeah, we had a 6 and a half% drop, what"}, {"start": "00:49:19", "end": "00:49:25", "text": "is it, a month ago, but that was only because of how much it rose in the three or four days preceding that drop. So,"}, {"start": "00:49:25", "end": "00:49:31", "text": "you know, which was an aberration. All of a sudden, just gold just got ahead of itself and pulled back. But it's"}, {"start": "00:49:31", "end": "00:49:36", "text": "interesting that it's still doing all this volatility above 4,000. I mean, this, you know, that was a record high"}, {"start": "00:49:36", "end": "00:49:41", "text": "up until a month or so ago and uh we just corrected to that to that level."}, {"start": "00:49:41", "end": "00:49:47", "text": "There's there's just too much money that wants in on gold. The people that own gold don't want to get rid of it, you"}, {"start": "00:49:47", "end": "00:49:52", "text": "know, and the central banks certainly won't. I mean, they're not sellers at all, you know. They want to buy more"}, {"start": "00:49:52", "end": "00:49:58", "text": "gold. They want to hold it. And so, the fact that the price of gold has gone up, they're not going to cash out. They"}, {"start": "00:49:58", "end": "00:50:03", "text": "don't want the cash. That's that they wanted to get rid of the cash. That's why they bought the gold. Fair. So I mean you a good point there"}, {"start": "00:50:03", "end": "00:50:09", "text": "you raised about the Fed that they should increase rates. So you think that the Fed is reading it wrong that interest rate that inflation is still"}, {"start": "00:50:09", "end": "00:50:15", "text": "too high and that they should be they're reading it wrong entirely in terms of the monetary policy right now."}, {"start": "00:50:15", "end": "00:50:21", "text": "Exactly. Yeah. I think I think the monetary policy is is much too loose and I think the reason it's too loose is"}, {"start": "00:50:21", "end": "00:50:28", "text": "because they know the consequences if they tighten too if they if they try to get an appropriate level they would"}, {"start": "00:50:28", "end": "00:50:35", "text": "prick the bubbles in the stock market, the bond market, the real estate market, you know, crypto market which may have"}, {"start": "00:50:35", "end": "00:50:42", "text": "just pricricked on its own, but all these asset prices would collapse and it would usher in another financial crisis"}, {"start": "00:50:42", "end": "00:50:48", "text": "and that's the last thing they want. So, uh, policy is too loose and so that's a"}, {"start": "00:50:48", "end": "00:50:55", "text": "very positive environment for for gold. And I think when the US dollar really starts to fall, which it fell in the"}, {"start": "00:50:55", "end": "00:51:00", "text": "first half of this year, but this back half the dollars, you know, gained back a bit of what it lost and I think once"}, {"start": "00:51:00", "end": "00:51:06", "text": "the dollar really starts to weaken, that's going to, you know, accelerate gold's rally."}, {"start": "00:51:06", "end": "00:51:11", "text": "Yeah. Few more questions here. In terms of speaking about the dollar and gold in the longer term, do you think the end"}, {"start": "00:51:11", "end": "00:51:17", "text": "state the dollar itself will lose its reserve currency status or is in the next few years or is this more of a"}, {"start": "00:51:17", "end": "00:51:23", "text": "gradual long-term shift towards hard assets? I think the process of removing"}, {"start": "00:51:23", "end": "00:51:29", "text": "or the dollar losing that status is already underway. So the question is how long will it take for the process to"}, {"start": "00:51:29", "end": "00:51:34", "text": "complete or for people to recognize that it's it's happening? And I think once"}, {"start": "00:51:34", "end": "00:51:39", "text": "there's a recognition that's going to speed up the process, right? Because then, you know, people will rush to get"}, {"start": "00:51:39", "end": "00:51:45", "text": "rid of the dollar once they understand what what's going on. But I already think it's happening. That's why central"}, {"start": "00:51:45", "end": "00:51:50", "text": "banks are buying gold. That's what they're preparing for. They're preparing for the world where the dollar is no"}, {"start": "00:51:50", "end": "00:51:57", "text": "longer the reserve currency. And I think that is going to be a net positive for the world because I believe it has cost"}, {"start": "00:51:57", "end": "00:52:03", "text": "the world. I think the world has had to bear a burden of maintaining the dollar"}, {"start": "00:52:03", "end": "00:52:09", "text": "status because in order to do that they have to run surpluses with the United States. They have to produce more than"}, {"start": "00:52:09", "end": "00:52:16", "text": "they consume and let us enjoy the difference so they can accumulate the currency that only we can print and then"}, {"start": "00:52:16", "end": "00:52:21", "text": "they end up loaning it right back to us by buying our treasuries. A and so they"}, {"start": "00:52:21", "end": "00:52:26", "text": "have less stuff to consume and they have less savings to invest productively in"}, {"start": "00:52:26", "end": "00:52:33", "text": "their own economy. So I think when the dollar is no longer the reserve currency that stops and so I think other"}, {"start": "00:52:33", "end": "00:52:39", "text": "countries will see an increase in their living standards as their consumers recover access to more of what they"}, {"start": "00:52:39", "end": "00:52:46", "text": "produce and as more of what they save is invested locally productively not just"}, {"start": "00:52:46", "end": "00:52:52", "text": "loan to the US government to to spend on on consumption. So the rest of the world wins. America, of course, is the biggest"}, {"start": "00:52:52", "end": "00:53:00", "text": "loser because we have relied on the dollar's reserve status as a crutch. It's the reason that we can live beyond"}, {"start": "00:53:00", "end": "00:53:06", "text": "our means. It's the reason that we can consume without having to do all the hard work of producing. It's the reason"}, {"start": "00:53:06", "end": "00:53:12", "text": "that we could just borrow without having to save. It's the reason that we have this consumer-based economy. It's only"}, {"start": "00:53:12", "end": "00:53:19", "text": "made possible by the productionbased economies of the rest of the world that finance the whole thing. So the rest of"}, {"start": "00:53:19", "end": "00:53:24", "text": "the world's going to see an increase in their standards. We're going to see a big drop. And that's why, you know, I've"}, {"start": "00:53:24", "end": "00:53:31", "text": "invested my clients assets abroad so they can benefit from the appreciation of foreign assets, foreign currencies."}, {"start": "00:53:31", "end": "00:53:36", "text": "And they can, you know, they could ride that wave, right? Foreigners getting richer. Well, you know, if you own"}, {"start": "00:53:36", "end": "00:53:42", "text": "foreign assets, then you get richer, too, because your assets will rise in value compared to US dollar denominated"}, {"start": "00:53:42", "end": "00:53:47", "text": "assets that are sinking in value. So that's you know the basis of my uh manage account strategies and my mutual"}, {"start": "00:53:47", "end": "00:53:53", "text": "funds is to do just that to to have my clients divest of US dollar assets and"}, {"start": "00:53:53", "end": "00:53:58", "text": "to build portfolios of non-dollar assets that are going to benefit substantially"}, {"start": "00:53:58", "end": "00:54:04", "text": "from this transition. Yeah indeed the Trippen dilemma the curse about the US dollar reserve status"}, {"start": "00:54:04", "end": "00:54:10", "text": "for the US economy. How long have you had this view and just generally like your view on gold? Um, was there like"}, {"start": "00:54:10", "end": "00:54:15", "text": "one moment like an aha moment back in your earlier days that you have became such a gold bull or was it something"}, {"start": "00:54:15", "end": "00:54:22", "text": "that you just formed over the years and you just got more bullish the more you thought about? Well, I've always look I've always understood gold since I was young and"}, {"start": "00:54:22", "end": "00:54:28", "text": "I've understood constitutionally that gold is money in the United in the country. You know, we're next year it's"}, {"start": "00:54:28", "end": "00:54:34", "text": "going to be the 250th birthday of our nation going back to 1776."}, {"start": "00:54:34", "end": "00:54:41", "text": "But when the constitution was ratified and we had the first coinage act of 1789, the dollar was defined as a weight"}, {"start": "00:54:41", "end": "00:54:47", "text": "of gold or a weight of silver. That's that's what it is. The dollar is actually a measurement for a specific"}, {"start": "00:54:47", "end": "00:54:53", "text": "weight of of gold or silver. And so, you know, that's the history of the United States that gold gold is our money. So,"}, {"start": "00:54:53", "end": "00:55:00", "text": "I've understood that and it's much better money than what we got now. But when I really started pushing gold in a"}, {"start": "00:55:00", "end": "00:55:08", "text": "big way was during the latter 1990s when the Fed was helping to inflate the"}, {"start": "00:55:08", "end": "00:55:14", "text": "dot bubble and gold was sub 300. I just thought it was ridiculously cheap."}, {"start": "00:55:14", "end": "00:55:21", "text": "Nobody wanted it. Everybody wanted the new economy stuff. Nobody wanted something as oldfashioned as gold. Uh so"}, {"start": "00:55:21", "end": "00:55:27", "text": "I really started advocating gold ownership that people buy gold. And eventually I I set up my own company,"}, {"start": "00:55:27", "end": "00:55:33", "text": "Shift Gold, in around 2010 because a lot of people that I was telling to buy gold were going to buy gold and getting"}, {"start": "00:55:33", "end": "00:55:38", "text": "ripped off. They were getting overcharged. And so I said, \"Well, I'm not going to let this happen anymore. So I'm just going to set up my own gold"}, {"start": "00:55:38", "end": "00:55:44", "text": "company.\" And so instead of just telling people to go out and buy gold, I was saying buy it from Shift Gold and now"}, {"start": "00:55:44", "end": "00:55:49", "text": "you won't get ripped off, right? So that that's what I started doing. And it's been very successful. I mean, you know,"}, {"start": "00:55:49", "end": "00:55:55", "text": "I mean, you know, again, you know, got it's gone from under 300 to over 4,000."}, {"start": "00:55:55", "end": "00:56:00", "text": "When I started recommending silver, it was below $5 an ounce. Now it's around"}, {"start": "00:56:00", "end": "00:56:07", "text": "50. So, you know, you got a 10-fold increase there, too. More than that in gold, but, you know, so both precious"}, {"start": "00:56:07", "end": "00:56:14", "text": "metals, you know, have really added a lot even though we went through about a 12-ear period where, you know, they they"}, {"start": "00:56:14", "end": "00:56:19", "text": "did nothing, right? Yeah. No, it's interesting. I mean, I I wondered, did you ever think or consider"}, {"start": "00:56:19", "end": "00:56:25", "text": "in the 1990s when you were like talking about gold and and you know, singing the goods praises of gold to all those"}, {"start": "00:56:25", "end": "00:56:31", "text": "individuals that you'd one day arguing with personalities on Twitter uh and"}, {"start": "00:56:31", "end": "00:56:36", "text": "nons on Twitter about the virtues of gold versus, you know, internet money,"}, {"start": "00:56:36", "end": "00:56:42", "text": "magic internet money, and attending these conferences with these magic internet money adherence, debating the"}, {"start": "00:56:42", "end": "00:56:48", "text": "pros and cons of your gold versus I never imagined that I wish I had"}, {"start": "00:56:48", "end": "00:56:53", "text": "imagined it in 2010 when I first heard about Bitcoin and actually sat at a"}, {"start": "00:56:53", "end": "00:57:00", "text": "screen watching it and thought about throwing five or 10 grand or maybe 50 grand on, you know, into it and I ended"}, {"start": "00:57:00", "end": "00:57:05", "text": "up convincing myself not to do it. So, you know, that was obviously in"}, {"start": "00:57:05", "end": "00:57:11", "text": "hindsight a very bad decision that I made. You need to have belief in it, right?"}, {"start": "00:57:11", "end": "00:57:19", "text": "Like that's come back to your point, Ron. Oh, it's just built on belief. But that belief has made a lot of very rich people very rich and the OGs are are,"}, {"start": "00:57:19", "end": "00:57:24", "text": "you know, I know a lot of those people. A lot of them are good friends of mine. A lot of"}, {"start": "00:57:24", "end": "00:57:30", "text": "them are neighbors of mine and friends of mine. And they didn't even know about it as early as I did. I mean, most of"}, {"start": "00:57:30", "end": "00:57:37", "text": "the people that I know that made hundreds of millions in Bitcoin got in"}, {"start": "00:57:37", "end": "00:57:42", "text": "above $100. Very few people that I've talked to knew it because when I knew"}, {"start": "00:57:42", "end": "00:57:49", "text": "about it, it was really because of the libertarians that were active in my Senate campaign in 2010 that started"}, {"start": "00:57:49", "end": "00:57:56", "text": "telling me about Bitcoin. And so this was, you know, this was a hardcore, you know, anarco capitalist libertarians who"}, {"start": "00:57:56", "end": "00:58:03", "text": "were attracted to it, you know, not because they were going to get rich. It was just like, hey, this is what we're doing, right? This is our, you know, so"}, {"start": "00:58:03", "end": "00:58:09", "text": "you had to be in those circles to know about it, right? Otherwise, who the hell heard of it? I mean you you know so when"}, {"start": "00:58:09", "end": "00:58:16", "text": "it really came on the scene is when it really jumped up in 2017"}, {"start": "00:58:16", "end": "00:58:22", "text": "up to or not 2017 uh I forget the year was it 2013 or 20"}, {"start": "00:58:22", "end": "00:58:28", "text": "it jumped up to a thousand all of a sudden and and all of a sudden people were talking about it and then it pulled"}, {"start": "00:58:28", "end": "00:58:33", "text": "back to two or 300 and it stayed there for a couple years right that's when like the Winklvos got involved and"}, {"start": "00:58:33", "end": "00:58:40", "text": "that's when other you know people decided to get in and and promote the thing. And they did a hell of a job"}, {"start": "00:58:40", "end": "00:58:47", "text": "promoting it. And again, you know, when I first a friend of mine told me that a guy that we knew, very wealthy guy who"}, {"start": "00:58:47", "end": "00:58:52", "text": "had a hedge fund, he said, \"Hey, you know that my friend, he's buy he's buying Bitcoin.\" And I said, \"Really?\""}, {"start": "00:58:52", "end": "00:58:59", "text": "He's for his hedge fund. I said, \"They're buying, you got to be kidding. They're they're buying Bitcoin.\" He was like, you know, $300, $400. And he said,"}, {"start": "00:58:59", "end": "00:59:04", "text": "\"Yeah, they're they're buying Bitcoin.\" I said, and I and I was like, \"Holy shit.\" I said, \"Maybe other people will"}, {"start": "00:59:04", "end": "00:59:10", "text": "be dumb enough to buy because this guy's pretty smart.\" and he's very wealthy, billionaire. He's buying Bitcoin. I thought maybe I should buy some. I mean,"}, {"start": "00:59:10", "end": "00:59:16", "text": "because maybe other people will buy it and the price maybe I should buy it. And what stopped me from buying it then,"}, {"start": "00:59:16", "end": "00:59:22", "text": "right, was that, you know, I said I didn't buy it at a dollar, five or whatever it was. I got to pay $300 for"}, {"start": "00:59:22", "end": "00:59:27", "text": "this. I like I just didn't want to buy it at so much higher than I didn't, you know, and because obviously I didn't,"}, {"start": "00:59:27", "end": "00:59:34", "text": "you know, appreciate how much it could go up. But that was the last time I thought about buying it. I mean, I never thought about buying it after it blew"}, {"start": "00:59:34", "end": "00:59:40", "text": "blew up. It was like ah, you know, oh well, I missed that. But I never looked at it again because I always thought it"}, {"start": "00:59:40", "end": "00:59:47", "text": "was just, you know, a pure bubble. I would just be betting on other people, you know, stupidity, right? More fools"}, {"start": "00:59:47", "end": "00:59:53", "text": "coming in. And, you know, it's hard to buy something when you know it's eventually going to go to zero. I mean, it's much easier to buy it if you"}, {"start": "00:59:53", "end": "00:59:59", "text": "actually believe in it. If you actually think it's going to 10 million, then it's easy to buy it. You, you know, you just buy it and hold it."}, {"start": "00:59:59", "end": "01:00:06", "text": "Well, I mean, Peter, never say never. Maybe CZ can convince you at that debate. in the conference to make a buy."}, {"start": "01:00:06", "end": "01:00:12", "text": "But um either way, Peter, this has been a very great this has been a very engaging conversation. I really learned"}, {"start": "01:00:12", "end": "01:00:17", "text": "a lot and uh yes, so where can people obviously I'll leave your Twitter down below if people can follow your takes."}, {"start": "01:00:17", "end": "01:00:23", "text": "Um do you have any other places where people can uh follow your thoughts? Well, I mean first of all I mentioned"}, {"start": "01:00:23", "end": "01:00:28", "text": "T-old tokenized gold. Go to my website t-old.com. Most you know we can take a"}, {"start": "01:00:28", "end": "01:00:35", "text": "lot of different countries. Uh you can open up an account in a few minutes and you could buy a little bit of gold and silver. I will eventually use that as"}, {"start": "01:00:35", "end": "01:00:41", "text": "the basis for tokenized gold and silver which you'll be able to withdraw. But for now, you just own the gold and"}, {"start": "01:00:41", "end": "01:00:47", "text": "silver. It sits in a vault. You're buying it for, you know, barely above spot. I don't charge any custody. So,"}, {"start": "01:00:47", "end": "01:00:53", "text": "you're, you know, you're getting a good deal on your gold. You own it. It's yours. You can sell it whenever you want. You know, I you'll I'll send you"}, {"start": "01:00:53", "end": "01:00:58", "text": "back your money eventually. I'm going to have, you know, you're going to have be able to transfer it, receive it. Uh I'm"}, {"start": "01:00:58", "end": "01:01:03", "text": "going to try to issue debit cards and secured credit cards that you'll be able to use. So, I'm going to have a fully"}, {"start": "01:01:03", "end": "01:01:09", "text": "functioning monetary system. So, you go to t-g gold.com. If you want the delivery, you know, you just go to shift"}, {"start": "01:01:09", "end": "01:01:16", "text": "gold, which you know, it just, you know, we'll mail you your gold, you know, to ship it out to you. You could store it yourself. If you, you know, want my"}, {"start": "01:01:16", "end": "01:01:21", "text": "company to manage a portfolio of of foreign stocks, you know, go to uh"}, {"start": "01:01:21", "end": "01:01:27", "text": "Europe Pacific Asset Management. In fact, my foreign dividend payers fund is up about 50% this year. It's up about"}, {"start": "01:01:27", "end": "01:01:33", "text": "the same as gold, but this is, you know, stocks, dividend paying stocks, so it's doing really well. uh as money is"}, {"start": "01:01:33", "end": "01:01:38", "text": "starting to look for value and coming out of a lot of the hype and momentum. I think that trend is is going to"}, {"start": "01:01:38", "end": "01:01:44", "text": "continue. So that's my asset management company, your.com. I've got a newsletter that people should subscribe to at"}, {"start": "01:01:44", "end": "01:01:50", "text": "least, you know, number one, the free version. Just go to shiftsverign.com and you can sign up to get the free"}, {"start": "01:01:50", "end": "01:01:56", "text": "newsletter. Uh there's some paid services you can learn about as well, but at least start with the free letter"}, {"start": "01:01:56", "end": "01:02:02", "text": "and follow me. Yeah, follow me on X. Now I got over 1.2 two million uh people over one and a quarter million actually"}, {"start": "01:02:02", "end": "01:02:08", "text": "followers. So I'm constantly posting, you know, I'll be po as soon as we finish this interview. I'm going to post"}, {"start": "01:02:08", "end": "01:02:13", "text": "some more. So I I put my thoughts on on on the internet and you you should follow them because I have good takes on"}, {"start": "01:02:13", "end": "01:02:19", "text": "on a lot of stuff. A lot of it has nothing to do with Bitcoin, but it's important I think for people to to"}, {"start": "01:02:19", "end": "01:02:25", "text": "understand it. And yeah, my I do my own podcast, the Peter Shiff Show. I also do the Friday market rap on Shift Gold's"}, {"start": "01:02:25", "end": "01:02:30", "text": "website and my podcast on Shift Radio and my YouTube channel. So, make sure and follow me there, become a"}, {"start": "01:02:30", "end": "01:02:37", "text": "subscriber, and, you know, listen to what I have to say. I I think you ignore it at your at your peril."}, {"start": "01:02:37", "end": "01:02:43", "text": "There we go. Exactly. Uh, we'll leave all of that down below. Thanks a lot for that, Peter. And, um, I look forward to"}, {"start": "01:02:43", "end": "01:02:48", "text": "meeting you IRL uh, in Dubai soon, and hopefully we can do one of these again."}, {"start": "01:02:48", "end": "01:02:53", "text": "All right, I'll see you there. Bye-bye."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "the XRP ETFs that have come to market already that are out there. How have those performed? They've done exceptionally well."}, {"start": "00:00:06", "end": "00:00:13", "text": "I wonder how many XRP army community members are going to accidentally buy. The current DAT meta seems to be"}, {"start": "00:00:13", "end": "00:00:18", "text": "unraveling quicker than it spooled up. How do you see things playing out right"}, {"start": "00:00:18", "end": "00:00:25", "text": "now for all these companies that are trading below their net asset value and have difficult decisions to make? Which"}, {"start": "00:00:25", "end": "00:00:31", "text": "are the next most exciting ETFs applications that you guys are focusing on and why are they most exciting to"}, {"start": "00:00:31", "end": "00:00:36", "text": "you? The next ones that are coming are going to be Dogecoin and Chainlink. Do you have a thought on the altcoin"}, {"start": "00:00:36", "end": "00:00:42", "text": "market right now? Yeah, I've been saying this for months. I would say I felt like the altcoin market like happened in I mean we're"}, {"start": "00:00:42", "end": "00:00:46", "text": "obviously in a bare market"}, {"start": "00:00:55", "end": "00:01:03", "text": "GM one and all and welcome back to another episode of the coin bureau podcast. Now our guest today is James"}, {"start": "00:01:03", "end": "00:01:10", "text": "Safet. He is a senior analyst at Bloomberg Intelligence and one of the most well-known uh crypto ETF bros. I I"}, {"start": "00:01:10", "end": "00:01:16", "text": "hope I can call you that. Yeah, that's good. That's fine by me. That the community turns to for all our"}, {"start": "00:01:16", "end": "00:01:21", "text": "ETF alphas. So, James, welcome. Thanks for having me. Happy to be here. Let's get into it."}, {"start": "00:01:21", "end": "00:01:28", "text": "Cool. Firstly, guys, few quick disclaimers. Nothing in this video is financial advice. Please consult the disclaimer in the description for more"}, {"start": "00:01:28", "end": "00:01:33", "text": "information and consult your financial advisor before investing in crypto. So,"}, {"start": "00:01:33", "end": "00:01:41", "text": "uh, James, let's start with the news of the day and that is that Bitwise has launched an XRP ETF and believe Black"}, {"start": "00:01:41", "end": "00:01:46", "text": "Rockck has filed for a state ETH ETF in Delaware. So, my question is, what are"}, {"start": "00:01:46", "end": "00:01:51", "text": "your expectations of demand for both of these products? People concerned have"}, {"start": "00:01:51", "end": "00:01:56", "text": "might have some concerns about what what staking would do to the product. I'm guessing we don't know for absolute"}, {"start": "00:01:56", "end": "00:02:02", "text": "certainty that they're just going to launch a completely separate product that will do staking. I don't know if that staking product from Black Rockck"}, {"start": "00:02:02", "end": "00:02:08", "text": "will distribute the yield or accumulate it. Um, I guess time will tell. So, it's a unique strategy. I think the demand"}, {"start": "00:02:08", "end": "00:02:14", "text": "will be higher for the staking product honestly long term. Obviously, ETH, their their number one product is"}, {"start": "00:02:14", "end": "00:02:20", "text": "extremely liquid and by far the most liquid product in the Ethereum world from an options perspective, from a spot"}, {"start": "00:02:20", "end": "00:02:25", "text": "trading perspective, you name it, they it is absolutely dominating. So, this is a unique unique play from them. So,"}, {"start": "00:02:25", "end": "00:02:32", "text": "we'll see how it turns out. But I think for the most part more long-term investors is going to be a lot more interested and you know it is what two"}, {"start": "00:02:32", "end": "00:02:39", "text": "maybe 3% yield and there's probably going to get a little cut of it. So it's not the end of the world but like over a long time if if you're trying to hold on"}, {"start": "00:02:39", "end": "00:02:45", "text": "to this thing that adds up pretty well. And then you um the other question you asked was was about the XRP ETF. We have"}, {"start": "00:02:45", "end": "00:02:50", "text": "a few of those that have launched recently. Obviously Bitwise has the best ticker. They have the ticker XRP which"}, {"start": "00:02:50", "end": "00:02:56", "text": "is which is good for them. I mentioned Grayscale has ETH. Grace, ironically, also has the BTC ticker for the one of"}, {"start": "00:02:56", "end": "00:03:02", "text": "their products. Uh, so getting these tickers that line up with the actual underlying assets ticker, I think, is um"}, {"start": "00:03:02", "end": "00:03:08", "text": "I don't know exactly how much of a benefit it is, but there's definitely some sort of benefit there. So, that'll be good for them, but there's already a"}, {"start": "00:03:08", "end": "00:03:14", "text": "few outs. So, they're they're not getting out first in the way that they were actually get out first with their Bitwise Salana product. Yeah, I was"}, {"start": "00:03:14", "end": "00:03:20", "text": "going to say I wonder how many XRP army, you know, community members are going to accidentally buy in their share trading"}, {"start": "00:03:20", "end": "00:03:25", "text": "account the ETF when they're trying to buy the XRP itself. Um, but credit to"}, {"start": "00:03:25", "end": "00:03:32", "text": "them for getting that ticker, but just going back to your point around the uh Black Rockck ETF filing for the ETH"}, {"start": "00:03:32", "end": "00:03:38", "text": "staking. So, I'm curious, you said there's potential tax implications as to why they wouldn't just convert ether"}, {"start": "00:03:38", "end": "00:03:45", "text": "into a stake in version. Yeah. I mean, so it technically if you're getting that yield, it's a form of income. So like it"}, {"start": "00:03:45", "end": "00:03:50", "text": "depending on I I I'm not going to pretend to be a tax accountant, but there were issues in the past of like"}, {"start": "00:03:50", "end": "00:03:55", "text": "just know that there are people that are concerned about basically what that yield would do from a tax perspective,"}, {"start": "00:03:55", "end": "00:04:02", "text": "particularly for people, I guess, moving in and out or holding it in certain jurisdictions. I don't know exactly what it is, but but ju generally that's kind"}, {"start": "00:04:02", "end": "00:04:08", "text": "of what I've heard. Okay. And then the XRP ETFs that have come to market already that are out"}, {"start": "00:04:08", "end": "00:04:13", "text": "there. How have those performed? Extremely well. XRPC from Canary was the"}, {"start": "00:04:13", "end": "00:04:19", "text": "first XRP ETF to launch and they have actually I don't know what the number is, but they they've done exceptionally"}, {"start": "00:04:19", "end": "00:04:25", "text": "well. Um they launched and they started with over two they're well over 200 million. Obviously XRP price hasn't been"}, {"start": "00:04:25", "end": "00:04:30", "text": "doing well since they launched for for what's going on in the underlying market, but it it's done pretty well."}, {"start": "00:04:30", "end": "00:04:37", "text": "And honestly, for a small issuer like Canary uh that's run by Steven McClur. Yeah. So they have $270 million in that"}, {"start": "00:04:37", "end": "00:04:44", "text": "thing and obviously XRP price has gone down. So they've taken in a lot more than 270 million. The price has gone down. But so for them to do that well is"}, {"start": "00:04:44", "end": "00:04:50", "text": "is a testament to their success and the demand of the XRP army, you know. So"}, {"start": "00:04:50", "end": "00:04:55", "text": "overall it's done very well. Both both XRP and Salana ETFs have done exceptionally well. And I would say"}, {"start": "00:04:55", "end": "00:05:00", "text": "another thing in the fact that the two biggest ETF launches of the year were the way that we measure it usually over"}, {"start": "00:05:00", "end": "00:05:08", "text": "a longer time frame we'll look at assets and flows really flows but we also look at trading volume on day one launch and day two. The number one launch so far"}, {"start": "00:05:08", "end": "00:05:14", "text": "this year was Canary's XRPC. Canary is a small issuer. They are not a black rock or a Fidelity. You know the number one"}, {"start": "00:05:14", "end": "00:05:20", "text": "launch before that was Bitwise's Salana ETF. So like the top two launches in US"}, {"start": "00:05:20", "end": "00:05:26", "text": "ETFs despite this being like an absolute bare market. were down 30% on Bitcoin, more in some of these altcoins. They"}, {"start": "00:05:26", "end": "00:05:32", "text": "still had the biggest launch days of any product in the US across anything. I'm not just talking about crypto products."}, {"start": "00:05:32", "end": "00:05:37", "text": "I'm talking about all ETF launches here in the US. That's crazy. So across all types of"}, {"start": "00:05:37", "end": "00:05:43", "text": "asset classes, these two ETFs that's really I'm curious then in terms of like how much can you get sort of sort of"}, {"start": "00:05:43", "end": "00:05:50", "text": "color in terms of how many how much of those ETF investors had been retail versus institutional via 13F or was that"}, {"start": "00:05:50", "end": "00:05:56", "text": "hard to tell initially until you get filings? So actually I I put out a note today looking at 13Fs but the problem is"}, {"start": "00:05:56", "end": "00:06:02", "text": "we got the data for the 13Fs like Monday or technically Friday for most of them but Monday and that was for September"}, {"start": "00:06:02", "end": "00:06:08", "text": "30th. So these things were in launch. So the 13F data we have for the Bitcoin and Ethereum ETFs is only as of September"}, {"start": "00:06:08", "end": "00:06:14", "text": "30th, which is completely irrelevant because everybody October 10th is when everything went to right? So a lot"}, {"start": "00:06:14", "end": "00:06:21", "text": "of things have probably changed, but there's no way for us to know exactly who it is. We do know that both Bitwise and Salana had serious seed capital come"}, {"start": "00:06:21", "end": "00:06:27", "text": "in. So probably like I'd mentioned, they're both over 200 million, 250 million. Uh both of them had over 200"}, {"start": "00:06:27", "end": "00:06:34", "text": "million that came in as seed capital. Those would come like probably Ripple probably seated some of Canaries."}, {"start": "00:06:34", "end": "00:06:39", "text": "There's probably some other people that had XRP that put XRP inkind into the ETF. Same thing with Salana. I think the"}, {"start": "00:06:39", "end": "00:06:45", "text": "Salana Foundation might have given money to them. I don't know for sure any of these things. None of this is absolutely confirmed, but they both started off"}, {"start": "00:06:45", "end": "00:06:50", "text": "with 200 million. But still or around there, but still they've taken in a decent amount of money. And like I said,"}, {"start": "00:06:50", "end": "00:06:56", "text": "even absent that seed money, these things were still the biggest launches um that we've seen all year. So some of"}, {"start": "00:06:56", "end": "00:07:01", "text": "it is institutional, some of retail. I think a lot of it's retail um type focus, but there's no way for us to know right now."}, {"start": "00:07:01", "end": "00:07:08", "text": "And in terms of your projection of for the uh soul and XRP ETF, I mean"}, {"start": "00:07:08", "end": "00:07:14", "text": "obviously a lot of it is market dependent and all that, but if you were to kind of ascertain or venture a guess"}, {"start": "00:07:14", "end": "00:07:20", "text": "for um the end of the year, like how much flows do you think we could see coming into these things based on"}, {"start": "00:07:20", "end": "00:07:27", "text": "projections and what you've seen in the past for other altcoin ETFs like the ETH equivalents? Yeah. So, I have a"}, {"start": "00:07:27", "end": "00:07:32", "text": "complicated view of this to say the least. I mean, um, XRPC, they're taking"}, {"start": "00:07:32", "end": "00:07:39", "text": "in like $15 million a day since launch absent the 240 they took in on day one. And then Salana, I'll give you some"}, {"start": "00:07:39", "end": "00:07:44", "text": "numbers so I can save what with what actually is going on right now. And I I"}, {"start": "00:07:44", "end": "00:07:50", "text": "would say two things. One, the way I think about it is, yeah, Salon, the the Salon ETF has taken in money every day since they launched on October 27th."}, {"start": "00:07:50", "end": "00:07:56", "text": "We're almost a full month in and they've taken in money every single day. So, and Bol, so I mentioned the Canary product"}, {"start": "00:07:56", "end": "00:08:03", "text": "is at 270 million. Bol's just shy of 500 million. If if if Salana wasn't down so much, it would be north of 500 million."}, {"start": "00:08:03", "end": "00:08:09", "text": "So, I think these will these will both be billion dollar multi-billion"}, {"start": "00:08:10", "end": "00:08:15", "text": "dollar products within the next 6 to 12 months for sure. The problem is a lot of people look at what happened with the"}, {"start": "00:08:15", "end": "00:08:23", "text": "Bitcoin ETFs, which I talked about XRP and Salana being like the biggest launches of 2025. The Bitcoin ETF is the"}, {"start": "00:08:23", "end": "00:08:28", "text": "biggest launch in the history of ETFs. Period stop on like multiple metrics,"}, {"start": "00:08:28", "end": "00:08:34", "text": "volume, assets, flows, like no matter how you slice it, it was the best thing that's ever happened. Ironically,"}, {"start": "00:08:34", "end": "00:08:40", "text": "aum to a billion in less than days or something like that. Yeah. I mean, these things have crossed hundred billion dollars in like in just"}, {"start": "00:08:40", "end": "00:08:46", "text": "over 12 months. So, and then if you take another step back, everyone was saying the Ethereum ETFs had a horrible launch. And to be fair, they did. They launched"}, {"start": "00:08:46", "end": "00:08:53", "text": "in July. They didn't really start taking in money until Trump was elected in November of 24. And then when they"}, {"start": "00:08:53", "end": "00:08:59", "text": "really started taking off was this past summer. So if you look at like the first 12 months of the Ethereum ETF launches,"}, {"start": "00:08:59", "end": "00:09:04", "text": "maybe a little bit more, you go to 14 months, that's one of the second, it might be that group of ETFs is the"}, {"start": "00:09:04", "end": "00:09:09", "text": "second best launch of all time. So like we're getting to a point where like can crypto assets keep doing this? I think"}, {"start": "00:09:09", "end": "00:09:16", "text": "we're gonna hit a there's going to be a cliff where I think maybe XRP and Salana are probably going to be the the big"}, {"start": "00:09:16", "end": "00:09:23", "text": "dogs and still a step below Ethereum which is a big step below Bitcoin ironically. So they'll do well and if"}, {"start": "00:09:23", "end": "00:09:29", "text": "you look at it the way I would think about it is if they're going to I would look at it as the assets or flows do"}, {"start": "00:09:29", "end": "00:09:35", "text": "basically the equivalent of their market cap ratio right like Bitcoin is a tr$2 trillion asset class. XRP is twice the"}, {"start": "00:09:35", "end": "00:09:42", "text": "size of Salana. So I would argue that Salana I think I would expect it to outperform based on what I'm seeing its"}, {"start": "00:09:42", "end": "00:09:47", "text": "underlying market cap ratio to Bitcoin to Ethereum. XRP it's so so early but I"}, {"start": "00:09:47", "end": "00:09:54", "text": "it'll be hard to to to match up because I feel like its market cap is extremely high compared to the mind share that it"}, {"start": "00:09:54", "end": "00:10:00", "text": "gets from the you know crypto faithful and the advisor community for the most part but we'll see. Either way they're going to be very successful. There's a"}, {"start": "00:10:00", "end": "00:10:06", "text": "whole bunch of products. there's a whole bunch of issuers launching these things and it's it's going very well in the early days despite the fact that we are"}, {"start": "00:10:06", "end": "00:10:11", "text": "in a pretty bad pullback right now. Um so if these things start taking off, look for money to start pouring in."}, {"start": "00:10:11", "end": "00:10:18", "text": "Yeah, it's quite a polarity there because indeed many people are looking at these ETF inflows. The Salana product"}, {"start": "00:10:18", "end": "00:10:23", "text": "for example, it inflows every single day in some in some cases, you know, outperforming the Bitcoin and ETH ETF in"}, {"start": "00:10:23", "end": "00:10:30", "text": "terms of inflows when they have in outflows. And then they just look at the charts and they look at the sold price and they're like, what is going on here?"}, {"start": "00:10:30", "end": "00:10:36", "text": "this whole concept this conspiracy around paper paper soul or paper products uh that are not having any"}, {"start": "00:10:36", "end": "00:10:42", "text": "impact on the the supply. So I guess there's are many factors that people talk about now in terms of what's"}, {"start": "00:10:42", "end": "00:10:48", "text": "driving the market but ETFs in themselves when do you think they could start having an impact if any on price"}, {"start": "00:10:48", "end": "00:10:55", "text": "to the point at which they bringing in enough inflows to be able to impact the price? So there's two things here. One, people"}, {"start": "00:10:55", "end": "00:11:01", "text": "were saying the same BS about the Bitcoin ETFs. They're taking in hundreds of millions of dollars. Why is the"}, {"start": "00:11:01", "end": "00:11:07", "text": "Bitcoin price going down at varying times and it's just unintellectual view of how things work, right? Like the"}, {"start": "00:11:07", "end": "00:11:14", "text": "ETFs, even as big as they are, are not the main driver of the market. The main driver of the market is people selling"}, {"start": "00:11:14", "end": "00:11:20", "text": "spot Bitcoin on exchanges like Binance and Kraken and Coinbase, you name it. Like that that's where most of they're a"}, {"start": "00:11:20", "end": "00:11:26", "text": "piece of the pie, don't get me wrong. ETFs and they will be a bigger piece of the pie in the names of Salana and XRP"}, {"start": "00:11:26", "end": "00:11:31", "text": "and any other products that come to market, but they are just a piece of what's going on. They are not driving"}, {"start": "00:11:31", "end": "00:11:36", "text": "the market. This is not paper Bitcoin situations. Ironically enough, depends on how in the weeds we want to go here,"}, {"start": "00:11:36", "end": "00:11:43", "text": "but essentially now since generic listing standards were approved in September inind creation and redemption."}, {"start": "00:11:43", "end": "00:11:49", "text": "So basically when the Ethereum ETFs launched and the Bitcoin ETFs launched, you couldn't actually hand over Ethereum"}, {"start": "00:11:49", "end": "00:11:55", "text": "and you couldn't hand over Bitcoin and get shares in the ETF back. Now you can do that. You can do that with XRP. You"}, {"start": "00:11:55", "end": "00:12:00", "text": "could do that with Soul. You can do with these other assets. Hideera and Litecoin, which also those products also"}, {"start": "00:12:00", "end": "00:12:06", "text": "have like $100 million in assets, namely Hideera, HAR. People haven't been talking about that for much. It's big in"}, {"start": "00:12:06", "end": "00:12:11", "text": "in South Korea, but that they're also doing pretty well and they're much smaller assets. So, like I said, I think"}, {"start": "00:12:11", "end": "00:12:17", "text": "there will be a long cliff and there'll be a tale of assets, but we're going to see a lot of ETFs that track these things. But, yeah, I mean, it's it's not"}, {"start": "00:12:17", "end": "00:12:22", "text": "paper. It's not paper anything. This is not what's happening. There's money coming in. But the other flip side of it is I kind of hinted at it with the"}, {"start": "00:12:22", "end": "00:12:30", "text": "Salana and XRP things. There were seed capital that came in. And if you are somebody who owns 50 million of XRP and"}, {"start": "00:12:30", "end": "00:12:36", "text": "you put that into an ETF, that's not net new buying for the XRP on the underlying asset. Theoretically, somebody buying"}, {"start": "00:12:36", "end": "00:12:42", "text": "the ETF or whatever, that would do it. So some of this is it could be just people moving from, you know, their"}, {"start": "00:12:42", "end": "00:12:48", "text": "their ledger or hardware wallet and putting it into an ETF for estate planning purposes or what have you. So"}, {"start": "00:12:48", "end": "00:12:55", "text": "it's hard to tell exactly what the price impact is, but it's not this, you know, paper XRP, paper Salana driving the"}, {"start": "00:12:55", "end": "00:13:01", "text": "price and manipulation. That's not what's happening. Yeah, that's a very good point. The income contributions coming from"}, {"start": "00:13:01", "end": "00:13:06", "text": "investors who already hold the asset is just moving it from one location to another. Okay. Now, and just that's"}, {"start": "00:13:06", "end": "00:13:13", "text": "obviously the soul and the XRP one. that's just recently come. But um the US government was on a break, should we"}, {"start": "00:13:13", "end": "00:13:19", "text": "call it a break for it longest a forced break for 42 days, the longest in"}, {"start": "00:13:19", "end": "00:13:25", "text": "history. And this obviously, you know, meant that the SEC was off of work and couldn't get back to work in terms of"}, {"start": "00:13:25", "end": "00:13:32", "text": "working on the filings that have been pushed into for altcoin ETFs. So now that they're back to work, um ETF"}, {"start": "00:13:32", "end": "00:13:38", "text": "timeline seem to be progressing again. And um I'm curious then uh which are the"}, {"start": "00:13:38", "end": "00:13:45", "text": "next most exciting ETFs applications that you guys are focusing on and and why are they most exciting to you?"}, {"start": "00:13:45", "end": "00:13:52", "text": "So I'll narrow in on what actually happened here. So and like what's coming"}, {"start": "00:13:52", "end": "00:13:58", "text": "next. I won't I won't I won't focus on like what's exactly most interesting because I'm just interested in the process of launching these ETFs more so"}, {"start": "00:13:58", "end": "00:14:04", "text": "than anything. Um but the next ones that are coming are going to be Dogecoin and Chainlink. Um, those are going to be the"}, {"start": "00:14:04", "end": "00:14:09", "text": "next two ones that get their own assets. We're going to see five launches over the next week or week and a half"}, {"start": "00:14:09", "end": "00:14:15", "text": "roughly. But to understand what's going on, you have to understand what happened in that shutdown. The SEC kind of"}, {"start": "00:14:15", "end": "00:14:21", "text": "stopped doing everything. We'd have a lot more ETFs in the crypto space launched if the government hadn't shut down. I that's my view. I you can't say"}, {"start": "00:14:21", "end": "00:14:28", "text": "that for sure because you can't prove a negative, but I'm pretty positive that we would see a lot more launches right now. Uh, and things would have gone very"}, {"start": "00:14:28", "end": "00:14:34", "text": "differently. So basically what happened is Canary was the first to do this but Bitwise and Gayscale quickly followed"}, {"start": "00:14:34", "end": "00:14:40", "text": "and there was this there was um what's the word the SEC gave guidance on how to"}, {"start": "00:14:40", "end": "00:14:47", "text": "handle IPOs and one of the things they did was like if you want to launch and you've already gotten comments from us blah blah blah you can change the delay"}, {"start": "00:14:47", "end": "00:14:54", "text": "a delaying amendment and it's like this one little thing in there I I I did a tweet thread on this and it's just fascinating because when I saw all these"}, {"start": "00:14:54", "end": "00:15:00", "text": "amendments coming in from Canary and Bitwise and Grayscale and a few others I was like, I don't see anything changing"}, {"start": "00:15:00", "end": "00:15:05", "text": "in these documents. I'm not understanding like did they they didn't add expense ratio. They didn't do anything. So, I was just confused. And"}, {"start": "00:15:05", "end": "00:15:11", "text": "it wasn't until a few weeks later that I realized what was going on cuz somebody had tipped me off. Basically, they just"}, {"start": "00:15:11", "end": "00:15:16", "text": "changed this one thing that was like a three-s sentence amendment about how these things would be delayed and"}, {"start": "00:15:16", "end": "00:15:21", "text": "launched and changed it to one sentence. So, I was looking for two sentences that got removed. And what that did is the"}, {"start": "00:15:21", "end": "00:15:27", "text": "SEC had given guidance that once this is removed, you have 20 days and then you can launch. mostly it seems to be have been guided for like people going"}, {"start": "00:15:27", "end": "00:15:32", "text": "through the IPO process so their IPO wouldn't be held up but these ETF issuers they kind of when they launch an"}, {"start": "00:15:32", "end": "00:15:37", "text": "ETF it's almost like launching an IPO it's a new listing and so Canary was the first one to do this with Litecoin and"}, {"start": "00:15:37", "end": "00:15:43", "text": "HAR Bitwise did this with Salana Gayscale did this with their Salana product and then all these other ones"}, {"start": "00:15:43", "end": "00:15:50", "text": "followed suit shortly after so that's why we had those products launch at the end of October because they did this"}, {"start": "00:15:50", "end": "00:15:55", "text": "process everyone else realized was going on and for a bunch of funds they did the same thing So those products are the"}, {"start": "00:15:55", "end": "00:16:03", "text": "ones that are coming out first. So the last one to do that was Grayscale did that with their chain link product and they filed it on November 12th. No one"}, {"start": "00:16:03", "end": "00:16:08", "text": "else can do that. So this process of getting out 20 days after you change the delaying amendment, assuming you've"}, {"start": "00:16:08", "end": "00:16:13", "text": "already had some interaction with the SEC, is how these products are getting out. So we have how many right now? We"}, {"start": "00:16:13", "end": "00:16:18", "text": "had nine that have launched under this process and we have five more that are going to come over the next week or two."}, {"start": "00:16:18", "end": "00:16:25", "text": "And then after that, we're going to see a whole wave of products come to market. uh both futures, leveraged um a whole"}, {"start": "00:16:25", "end": "00:16:32", "text": "bunch of other spot products in these different assets. So, basically the big ones we got new products for over the last month, I mentioned HAR and"}, {"start": "00:16:32", "end": "00:16:37", "text": "Litecoin. Litecoin's the only one that's not doing all that great. Uh Har is doing pretty well. And then you had"}, {"start": "00:16:37", "end": "00:16:44", "text": "Salon and XRP, obviously. And then Monday, we're going to get uh a couple more XRP ETFs from Franklin and"}, {"start": "00:16:44", "end": "00:16:50", "text": "Gayscale. We're going to get a Dogecoin ETF. That's November 24th I'm talking about. Uh Bitwise is going to launch a"}, {"start": "00:16:50", "end": "00:16:56", "text": "Doge ETF on the 26th. most likely and then Gayscale is going to convert their chain link trust or launch their chain"}, {"start": "00:16:56", "end": "00:17:03", "text": "link trust on December 2nd. After that, I don't know exactly what's going to happen because the rules around how all these things operate had changed in late"}, {"start": "00:17:03", "end": "00:17:08", "text": "September and the SEC was working on a whole bunch of stuff. So, I think these things are going to come to market and then there's going to be a whole bunch"}, {"start": "00:17:08", "end": "00:17:16", "text": "of others that are coming to market. I count what is the number 100 I think it's 130 different products that related"}, {"start": "00:17:16", "end": "00:17:21", "text": "to crypto that hold solely crypto or crypto derivatives that are going to come to the US ETF market in the next or"}, {"start": "00:17:21", "end": "00:17:27", "text": "at least have been filed in the next like six months and of course the most important ETF"}, {"start": "00:17:27", "end": "00:17:34", "text": "that's in the filing right now apparently which is the MOG ETF if I'm correct"}, {"start": "00:17:34", "end": "00:17:40", "text": "I saw that yeah yeah I I was actually with Steven McClur who's the CEO of Canary uh two"}, {"start": "00:17:40", "end": "00:17:45", "text": "nights ago and I should have asked him about it uh but I never it didn't come up. We were focusing on these more"}, {"start": "00:17:45", "end": "00:17:51", "text": "recent launches. I honestly I'm not sure how that's going to launch. Um there's rules basically around that they came up"}, {"start": "00:17:51", "end": "00:17:57", "text": "with these things called generic listing standards. I kind of hinted at it and if you meet a bunch of requirements you can list and one of those requirements is"}, {"start": "00:17:57", "end": "00:18:03", "text": "that there's a futures market on like an accepted trading venue. uh namely coinbased derivatives is the main one"}, {"start": "00:18:03", "end": "00:18:08", "text": "that would do this but obviously anything like the CME and then there's one other bitomial I think is on there"}, {"start": "00:18:08", "end": "00:18:13", "text": "too potentially I'm not sure but mainly it's coinbased derivatives and there's no MOG futures product so it'll be"}, {"start": "00:18:13", "end": "00:18:19", "text": "interesting how these if these can actually get through the generic listing standards so but there's like 14"}, {"start": "00:18:19", "end": "00:18:24", "text": "different assets that would fit under these generic listing standards based on how I understand it right now and MOG"}, {"start": "00:18:24", "end": "00:18:30", "text": "isn't one of them at the moment but who knows I mean the other part of it is like there's no concern that MOG like we"}, {"start": "00:18:30", "end": "00:18:37", "text": "got guidance from Pa person the SEC early on that memecoins are not securities so maybe they can lean on"}, {"start": "00:18:37", "end": "00:18:43", "text": "that for some of these meme coins but um yeah I don't know we'll see so the MOG community will have to wait a"}, {"start": "00:18:43", "end": "00:18:50", "text": "little bit longer for clarity yeah that might go into 2026 if we get that launched anytime remotely soon"}, {"start": "00:18:50", "end": "00:18:56", "text": "the institutions waiting to ape into mark and wait for then in terms of you"}, {"start": "00:18:56", "end": "00:19:01", "text": "you mentioned the um derivative ETFs So those are there are altcoin"}, {"start": "00:19:01", "end": "00:19:06", "text": "derivative and leveraged ETFs currently in in process in terms of the pipeline."}, {"start": "00:19:06", "end": "00:19:13", "text": "Yeah. Oh yeah, for sure. There's a bunch of le like on some of these alternative altcoins. There's also products. So Rex"}, {"start": "00:19:13", "end": "00:19:18", "text": "Osprey is the the issuer that's doing a lot of these things where they have a way that they can get things out as long"}, {"start": "00:19:18", "end": "00:19:26", "text": "as there are ETFs listed overseas. So they don't meet the requirements to launch a spot crypto ETF, but that's how"}, {"start": "00:19:26", "end": "00:19:31", "text": "they got so Rex Osprey. mentioned before that the uh Salani ETF and the XRP ETF"}, {"start": "00:19:31", "end": "00:19:38", "text": "this past month are the two two best launches of of the year. Some of the best launches before that were when Rex"}, {"start": "00:19:38", "end": "00:19:43", "text": "Osprey got these other products out that basically they they hold some spot product but they also hold a bulk of"}, {"start": "00:19:43", "end": "00:19:50", "text": "their exposure using international ETFs. So they got Salana staking and Ethereum staking before anyone else because they"}, {"start": "00:19:50", "end": "00:19:57", "text": "were using international products. It's not the perfect cleanest way, but they have a way of getting products out that give you exposure in some way or another"}, {"start": "00:19:57", "end": "00:20:03", "text": "without meeting these generic listing standards and having to go through the standard process of where they just hold nothing but the spot asset. So, they"}, {"start": "00:20:03", "end": "00:20:09", "text": "filed for a whole bunch of stuff that it probably isn't going to get under those generic listing standards for a spot"}, {"start": "00:20:09", "end": "00:20:14", "text": "product anytime soon. So, we have leverage versions of these. There's people launching defined outcome"}, {"start": "00:20:14", "end": "00:20:19", "text": "products where your upside and downside are are capped in various different ways. there are tons of people doing"}, {"start": "00:20:19", "end": "00:20:26", "text": "covered call products and random altcoins and Bitcoin, Ethereum, all these things. So, you're going to see a proliferation of assets. Uh, and then"}, {"start": "00:20:26", "end": "00:20:33", "text": "also people are combining saying, \"All right, we're going to give you 75% S&P 500 and 25% Bitcoin. We're going to give"}, {"start": "00:20:33", "end": "00:20:38", "text": "you 75 S&P 500 and 25% a basket of altcoins.\" All of these things. And then"}, {"start": "00:20:38", "end": "00:20:44", "text": "I just mentioned baskets. I would say we could go down this hole if you want. I I think the basket products like an index"}, {"start": "00:20:44", "end": "00:20:49", "text": "product of alternative assets of altcoins is going to be one of the biggest categories of of crypto ETFs"}, {"start": "00:20:49", "end": "00:20:54", "text": "rather than individual altcoin ETFs. Yeah, we'll get on to that in a bit because it is it is a question I wanted"}, {"start": "00:20:54", "end": "00:21:00", "text": "to speak about. But just more to the volume of these applications and indeed"}, {"start": "00:21:00", "end": "00:21:07", "text": "some of the more esoteric alle coins that have got applications for I'm curious then um how much of this is"}, {"start": "00:21:07", "end": "00:21:14", "text": "throwing every throwing everything at the wall seeing what sticks and how many of these products do you think are going to actually stick in terms of the market"}, {"start": "00:21:14", "end": "00:21:19", "text": "is really going to want you said the L one didn't well I mean we we can agree I don't think the MOG one is going to be"}, {"start": "00:21:19", "end": "00:21:27", "text": "specific amazingly successful but you know maybe I'll be proven wrong. Hey, if if my Twitter or X mentions and comments"}, {"start": "00:21:27", "end": "00:21:33", "text": "and quote tweets are any indication, the MOG the MOG ETF will be one of the biggest launches of the year's got it"}, {"start": "00:21:33", "end": "00:21:39", "text": "cut out for them. Yeah. Yeah. Yeah. So, two things. One, that's just how the ETF industry works"}, {"start": "00:21:39", "end": "00:21:45", "text": "for the most part. It's not just with crypto. They do this with everything. They throw spaghetti at the wall. We"}, {"start": "00:21:45", "end": "00:21:51", "text": "call it the spaghetti cannon. And whatever stick sticks, they keep it up and they lean into it. And whatever falls, they just liquidate and close. If"}, {"start": "00:21:51", "end": "00:21:56", "text": "there's no interest, they're going to close it because it's not profitable for them to have it. And honestly, that's capitalism, right? That's free market"}, {"start": "00:21:56", "end": "00:22:01", "text": "capitalism. It's deciding, do people find value in these products existing on the exchanges? Are they going to buy"}, {"start": "00:22:01", "end": "00:22:08", "text": "them? There are a few products that I didn't think would do all that well that have tens of billions of dollars in them, right? So, the market will decide"}, {"start": "00:22:08", "end": "00:22:15", "text": "what the value is. And yeah, a lot of this is just that spaghetti kit and they're going to throw a ton of stuff at the wall and see what sticks. I would"}, {"start": "00:22:15", "end": "00:22:20", "text": "argue I' I've said this before, but like some of the stuff that's being filed, not just in crypto, but in everywhere,"}, {"start": "00:22:20", "end": "00:22:26", "text": "is like it's more like throwing something at the fan, right? Like it's it's less it's less spaghetti at the wall. It's like going to make a mess,"}, {"start": "00:22:26", "end": "00:22:32", "text": "but the market will decide, right? And it's these it's it's a lot of money to launch these products and keep them running. It's not like they're launching"}, {"start": "00:22:32", "end": "00:22:39", "text": "these things and only cost them like a thousand dollars to do it. Like it's tens of thousands of dollars to launch a new product. So, um if they're doing it,"}, {"start": "00:22:39", "end": "00:22:45", "text": "they think there's a decent chance that it can it can find success. But the reason they do it is because if you get one or two that get to like a couple"}, {"start": "00:22:45", "end": "00:22:50", "text": "hundred million, they'll cover the cost of launching 10 other products that failed. Um, and then you have into"}, {"start": "00:22:50", "end": "00:22:56", "text": "perpetuity theoretically a decent product that will provide you revenue and cash flow. So yeah, that that's"}, {"start": "00:22:56", "end": "00:23:02", "text": "what's happening here. Okay, got it. So coming back to your point around uh more thematic baskets,"}, {"start": "00:23:02", "end": "00:23:08", "text": "um, and I'm curious, how far are we from seeing these more creative thematic"}, {"start": "00:23:08", "end": "00:23:16", "text": "baskets? And more specifically, what themes do you think would actually resonate with advisers and investors?"}, {"start": "00:23:16", "end": "00:23:21", "text": "Yeah, good question. So, we have one product that is it's dime from coin shares and they hold international ETFs,"}, {"start": "00:23:21", "end": "00:23:28", "text": "ironically enough. Um, it doesn't have a lot of assets, but it's interesting in the sense that it's giving you exposure to I think 10 altcoins, but a bunch of"}, {"start": "00:23:28", "end": "00:23:34", "text": "altcoins at an equal weighted basket and it doesn't hold Bitcoin or Ethereum. Bit W is the Bitwise 10 that holds Bitcoin"}, {"start": "00:23:34", "end": "00:23:40", "text": "and Ethereum and then eight other assets. I just think overall any product I don't I don't I don't want to go into"}, {"start": "00:23:40", "end": "00:23:46", "text": "like the weeds of like th this like you know um smart chains and different things like that. I think there will be"}, {"start": "00:23:46", "end": "00:23:52", "text": "all baskets of of ETFs that do that at some point down the line. Maybe next year the year after that's probably"}, {"start": "00:23:52", "end": "00:23:58", "text": "where things are going to go. But in the very we already have some products now that are just giving you diversified"}, {"start": "00:23:58", "end": "00:24:04", "text": "exposure to the crypto world really simply and easily in one ticker. So, if you're an adviser and you're thinking"}, {"start": "00:24:04", "end": "00:24:09", "text": "about putting your exposure to crypto, you're just going to buy an ETF that"}, {"start": "00:24:09", "end": "00:24:15", "text": "gives you a basket exposure because that's what you do with stocks. That's what you do with bonds. It's just an easy way for them to think about doing"}, {"start": "00:24:15", "end": "00:24:20", "text": "it. A lot of, you know, Bitcoin maxis will be like ripping their hair out as I say this, but if you look at like"}, {"start": "00:24:20", "end": "00:24:26", "text": "Grayscale's GDLC, which is already an ETF, the vast major, 89% of the assets"}, {"start": "00:24:26", "end": "00:24:31", "text": "are in Bitcoin and ETH, and then you're getting exposure to like three or four other assets for the remaining 10%. So"}, {"start": "00:24:31", "end": "00:24:37", "text": "theoretically, I think a lot of people who want exposure to this already have exposure to Bitcoin, maybe already Ethereum. So some of these altcoin"}, {"start": "00:24:37", "end": "00:24:43", "text": "products where they're going to give you a market cap weighted exposure, some are going to give you an equal weighted exposure, I think those types of"}, {"start": "00:24:43", "end": "00:24:48", "text": "products are going to do very well. But the the first four or five individual assets will do well, but I think the"}, {"start": "00:24:48", "end": "00:24:55", "text": "basket products, if you total up the AUM, I think they'll be bigger, more impactful for the longer tale of assets."}, {"start": "00:24:55", "end": "00:25:01", "text": "So like we talk about chain link right now and some of these other products if you have you know tens of billions of"}, {"start": "00:25:01", "end": "00:25:08", "text": "dollars in an index product they might be more impactful their flows and how much of those longer tail of altcoins"}, {"start": "00:25:08", "end": "00:25:13", "text": "they hold might be more impactful for the underlying price than an individual ETF that tracks it that only gets you"}, {"start": "00:25:13", "end": "00:25:19", "text": "know $80 million in assets because tens of billions and even if you're only like 5% of the fund that can be more"}, {"start": "00:25:19", "end": "00:25:25", "text": "impactful than the flows to an individual asset. happens with emerging market equities in many regards that we"}, {"start": "00:25:25", "end": "00:25:32", "text": "see in the ETF space. So you come back to me 5 years from now, I think basket products that give you 5, 10, 20, 50"}, {"start": "00:25:32", "end": "00:25:37", "text": "different crypto assets, market cap weighted, different waiting exposures and then some of the themes or even"}, {"start": "00:25:37", "end": "00:25:44", "text": "honestly actively managed exposures to different things. If you have a if you have an active manager that's going to be picking coins and waiting them, I"}, {"start": "00:25:44", "end": "00:25:49", "text": "think those products I think that's going to be one of the biggest areas in anything we'll be talking about. Yeah. Really interesting. So, you"}, {"start": "00:25:49", "end": "00:25:57", "text": "actually think the SEC could approve actively managed altcoin ETFs? Not right now, but they'll issuers will"}, {"start": "00:25:57", "end": "00:26:04", "text": "figure out a way to do it in the in the coming years. Interesting. So, just before we move on to another another topic, I'm curious in"}, {"start": "00:26:04", "end": "00:26:10", "text": "terms of the current crypto ETF landscape. What do you think is the one thing that's missing that you think"}, {"start": "00:26:10", "end": "00:26:16", "text": "needs to be a gap to be filled of some description? It's hard because we we don't have anywhere near the level of altcoins. I"}, {"start": "00:26:16", "end": "00:26:21", "text": "mean now we have salon and XRP which are obviously some of the bigger assets. I mean honestly more more basket products"}, {"start": "00:26:21", "end": "00:26:28", "text": "more index products would be the thing that I'd say is missing. Like I think a lot of advisers have exposure already to the space holding Bitcoin. So if you"}, {"start": "00:26:28", "end": "00:26:34", "text": "launch if somebody were to there's filings for this. They're going to come out. If you launch here's the top 20x"}, {"start": "00:26:34", "end": "00:26:39", "text": "Bitcoin and all of a sudden you're like all right I have a 2% allocation to Bitcoin for my clients already. I don't"}, {"start": "00:26:39", "end": "00:26:44", "text": "need to change that but I would like to get some exposure to the other things going on. Ethereum, Salana, you name it"}, {"start": "00:26:44", "end": "00:26:51", "text": "whatever. maybe some of these longer tail assets. A lot of people tend to view it in the way that they viewed like internet stocks or from the.com crash in"}, {"start": "00:26:51", "end": "00:26:56", "text": "like 99 and 2000. If you tried to pick one company that's going to do well, uh"}, {"start": "00:26:56", "end": "00:27:01", "text": "unless you picked like Amazon or Google, like you you probably got blown up. So, I think people are viewing it as like"}, {"start": "00:27:01", "end": "00:27:07", "text": "some of these coins are going to be completely worthless. I that's my view. I think a lot of these things are going to be completely worthless."}, {"start": "00:27:07", "end": "00:27:12", "text": "So, I think people who want exposure are going to be like I have my Bitcoin exposure and I want to get exposure to"}, {"start": "00:27:12", "end": "00:27:20", "text": "other things else. So I think a product where it's like like I said coin shares already has the product. There's a bunch of filings. One is like altcoin ETF. One"}, {"start": "00:27:20", "end": "00:27:26", "text": "is alt altcoins which is basically like altcoin is everything but bitcoin. Alt alt is everything but bitcoin and eath."}, {"start": "00:27:26", "end": "00:27:31", "text": "So I think those types of products will will garner some assets. But overall I think a lot of people coming into the"}, {"start": "00:27:31", "end": "00:27:37", "text": "space they're the crypto hesitant the bitcoin hesitant if they haven't been in yet. And so if you give them a product"}, {"start": "00:27:37", "end": "00:27:45", "text": "that's going to be a diversified exposure I think that's where things are going to go. So we're we're like in the very very very early stages of getting"}, {"start": "00:27:45", "end": "00:27:51", "text": "those types of products to market. Yeah. Okay. So more alcoin ETFs. And my next question I I probably should I kind"}, {"start": "00:27:51", "end": "00:27:58", "text": "of know your take on this given as an as an ETF guy the current DAT meta which I"}, {"start": "00:27:58", "end": "00:28:03", "text": "think seems to be have seems to be unraveling quicker than it spooled up."}, {"start": "00:28:03", "end": "00:28:09", "text": "It's one of the probably one of the most expected bubbles and it appears to be playing out as many had predicted. So"}, {"start": "00:28:09", "end": "00:28:17", "text": "you were skeptical from the start and I'm curious how do you see things playing out right now for all these you"}, {"start": "00:28:17", "end": "00:28:22", "text": "know companies that are trading below their net asset value and have difficult decisions to make."}, {"start": "00:28:22", "end": "00:28:30", "text": "Yeah. So my framework I always had two sets of framework like one as you said I I always thought these two and a half"}, {"start": "00:28:30", "end": "00:28:36", "text": "60% premiums over MNAV like didn't make sense to me like there I could make the argument that there is should be a"}, {"start": "00:28:36", "end": "00:28:42", "text": "premium and the way that a bank earns a premium on its book value because it can use leverage and financial"}, {"start": "00:28:42", "end": "00:28:47", "text": "financialization to do things that like a normal person can't do. They can generate more profits and cash flows. So"}, {"start": "00:28:47", "end": "00:28:54", "text": "I always thought some of these under these assets, some of these DATs would be able to operate at, you know, a slight premium potentially 1.9 times"}, {"start": "00:28:54", "end": "00:29:00", "text": "MNAV probably. That never made sense to me. I I know some people thought it did. It just didn't make sense to me. Now"}, {"start": "00:29:00", "end": "00:29:05", "text": "again, Sailor for the however long he's been doing this, it's been a long time now, has been able to accreatively"}, {"start": "00:29:05", "end": "00:29:13", "text": "acquire Bitcoin and add it to if you're a shareholder. You've been pretty happy with how things have operated outside of the last month or couple months. But um"}, {"start": "00:29:13", "end": "00:29:20", "text": "I would also make the same argument that most closedend funds so a closed end fund is something where you can't do that create redeem process of an ETF. So"}, {"start": "00:29:20", "end": "00:29:25", "text": "you're kind the capital's kind of stuck. It's like a company with shares and it just invests in underlying assets or"}, {"start": "00:29:25", "end": "00:29:32", "text": "asset and it can trade at a premier discount much like an MNAV. Most closen funds trade at a slight discount because"}, {"start": "00:29:32", "end": "00:29:39", "text": "there is no creation redemption process. That's just the way they work. There are fees or costs in doing this. So like you're you have trapped assets but they"}, {"start": "00:29:39", "end": "00:29:44", "text": "can be actively and perform very well. So if you can get them at a discount, it it works out over the long term. So I"}, {"start": "00:29:44", "end": "00:29:49", "text": "don't know. I think this is this is not me saying this. There's been people saying this forever. There's going to be a whole bunch of acquisitions. Most"}, {"start": "00:29:49", "end": "00:29:55", "text": "likely it'll be a creative to acquire a DAT that is trading at a a steep discount to its underlying holdings that"}, {"start": "00:29:55", "end": "00:30:01", "text": "it has. So it'll be interesting how that all plays out in the coming months. But yeah, I think you know some of these"}, {"start": "00:30:01", "end": "00:30:06", "text": "things trading at slight discounts and maybe slight premiums makes sense to me. But this idea that these things should"}, {"start": "00:30:06", "end": "00:30:12", "text": "be trading at, you know, 2x, two and a half times, I mean, it doesn't make sense to me as somebody who like is a"}, {"start": "00:30:12", "end": "00:30:19", "text": "trady guy, it never made sense to me. So, I get it. I get the argument that they can accretively issue debt. I think"}, {"start": "00:30:19", "end": "00:30:25", "text": "it makes sense that specifically with things like Ethereum and Salana, if you can put this to work in the DeFi protocols, staking, you name it,"}, {"start": "00:30:25", "end": "00:30:30", "text": "actually earn cash flow and then reinvest that into staking and holding the underlying asset. I think that's"}, {"start": "00:30:30", "end": "00:30:36", "text": "almost like an actively managed fund in a way that you can actually outperform the underlying asset over the long term."}, {"start": "00:30:36", "end": "00:30:43", "text": "I could probably make an argument both ways over like whether it should be trading at a slight discount or a slight premium, but I would discount heavily"}, {"start": "00:30:43", "end": "00:30:49", "text": "that it should be trading like 2x the underlying nav. That doesn't make sense to me. Yeah. I mean, it kind of made sense for"}, {"start": "00:30:49", "end": "00:30:54", "text": "a share to buying in a levered bet on a crypto asset. prices were going up, but"}, {"start": "00:30:54", "end": "00:31:00", "text": "you know, as everyone has predicted, when things start reversing, you have the reverse the reversal of the flywheel, the unwinding of it, and that"}, {"start": "00:31:00", "end": "00:31:06", "text": "seems to be playing out. So, I think that they're stuck now with decisions of either buy back your shares, sell some"}, {"start": "00:31:06", "end": "00:31:12", "text": "crypto. I saw just in one of these ETH dats just recently before the interview um had sold some, bought back their"}, {"start": "00:31:12", "end": "00:31:18", "text": "shares. Tom Le is going strong though, so I mean, and so is Sailor. So, I don't know. My personal view is I think those"}, {"start": "00:31:18", "end": "00:31:24", "text": "two could potentially survive, but the rest on the margins are going to struggle. So yeah, I mean it reminds me kind this reminds you kind of like the"}, {"start": "00:31:24", "end": "00:31:31", "text": "spa boom back 100%. When you when you were asking the question, I was thinking this reminds me of like when spaxs were going crazy and"}, {"start": "00:31:31", "end": "00:31:38", "text": "meme stocks were going crazy. I was like this is going to end badly but like if you get in like halfway into that"}, {"start": "00:31:38", "end": "00:31:43", "text": "explosion like you did really well, right? Like so I think that's what happened with some of these. You mentioned the flywheel. These things"}, {"start": "00:31:43", "end": "00:31:48", "text": "were spinning in a positive direction. They're buying more assets. They're issuing debt. The prices are going up. They can buy more assets. They're"}, {"start": "00:31:48", "end": "00:31:54", "text": "issuing debt. And it's like it's like this flywheel and it's spun it's spinning in the opposite direction right now as you mentioned. So how many of"}, {"start": "00:31:54", "end": "00:32:01", "text": "these pro I also I think there's just too many of them that came to market. I could make an argument that a handful of these in the US makes sense maybe one or"}, {"start": "00:32:01", "end": "00:32:08", "text": "two in other countries things like that for an asset but when you have you know 20 different Bitcoin DATs and 15"}, {"start": "00:32:08", "end": "00:32:13", "text": "different Salana Dats and it's hard. It's it doesn't make I don't know. It's it's hard. I I just don't know. It's"}, {"start": "00:32:13", "end": "00:32:19", "text": "it's going to be very competitive. No, no, I get it. Um, moving on then, I just want to obviously something else"}, {"start": "00:32:19", "end": "00:32:24", "text": "that's in the news right now that um getting a lot of attention is the market"}, {"start": "00:32:24", "end": "00:32:31", "text": "structure bill, right? So, again, Congress is back. They're working. Uh, and this could obviously be great news"}, {"start": "00:32:31", "end": "00:32:37", "text": "for well, I I suppose the SEC because if you defining roles between the SEC and"}, {"start": "00:32:37", "end": "00:32:42", "text": "the CFTC and it helps with this positive regulatory slant. What's your view first"}, {"start": "00:32:42", "end": "00:32:48", "text": "of all on what it means for the ETF crypto ETF landscape the market structure bill and then its chances of"}, {"start": "00:32:48", "end": "00:32:54", "text": "passing in the before the end of the year. So I won't say I'm particularly inside baseball and it chances of"}, {"start": "00:32:54", "end": "00:33:00", "text": "passing and I would say something that might be out of consensus for the next 3 years I don't I don't think it impacts"}, {"start": "00:33:00", "end": "00:33:07", "text": "anything for what's going on with the ETFs. The SEC is moving forward. Atkins is leading the charge. CFTC is working"}, {"start": "00:33:07", "end": "00:33:13", "text": "with Atkins and the SEC. um things are going very well. The problem is this is how things should have been operating"}, {"start": "00:33:13", "end": "00:33:18", "text": "under Gendler, but if you have somebody running the SEC and in the White House that has different prerogatives and it"}, {"start": "00:33:18", "end": "00:33:24", "text": "completely wants to kill the industry, if you don't have a law for them to fall back on, it's just SEC and CFTC"}, {"start": "00:33:24", "end": "00:33:30", "text": "guidance. And you can change those things. Maybe not completely, but at least at the edges, which is what we saw"}, {"start": "00:33:30", "end": "00:33:36", "text": "under Gendler. So, you kind of need like a law of the land for them to fall back on. And I don't know, I'm not super"}, {"start": "00:33:36", "end": "00:33:41", "text": "optimistic. I think that I think what might end up happening is you you might get this clarity bill that doesn't"}, {"start": "00:33:41", "end": "00:33:46", "text": "actually give as much clarity as people want and they can take the victory and say they did some things but like DeFi"}, {"start": "00:33:46", "end": "00:33:54", "text": "isn't fully fleshed out on like what's allowed, what isn't allowed, things along those lines, which is where things to be seem to be held up. Unfortunately,"}, {"start": "00:33:54", "end": "00:34:00", "text": "it seems that the Dems are very held up on arguing in the fact that they don't want the Trump family benefiting from this stuff, but they're heavily involved"}, {"start": "00:34:00", "end": "00:34:06", "text": "as it is. So, I don't know how that's going to get flushed out. So yeah, I I'm I'm cautiously optimistic that we'll get"}, {"start": "00:34:06", "end": "00:34:12", "text": "something. I'm just worried that it's not going to be the type of clarity that the industry actually really needs. And honestly, like I said, it won't matter"}, {"start": "00:34:12", "end": "00:34:18", "text": "that much while Trump is in office and Atkins is at the SEC and like they're they seem to be very a little bit"}, {"start": "00:34:18", "end": "00:34:24", "text": "they're very much more uh libertarian-minded, free markets, um just protecting people from frauds and"}, {"start": "00:34:24", "end": "00:34:29", "text": "scams, which is how I think it should be operated. That's the way the SEC is set up to run and it is not how things were"}, {"start": "00:34:29", "end": "00:34:36", "text": "operated under Gendler. So yeah, that's that's the number one concern. But like there's a whole bunch of stuff the SEC"}, {"start": "00:34:36", "end": "00:34:41", "text": "is doing that's moving things in the right direction. Without this Clarity Act, it doesn't matter. We got those generic listing standards in in"}, {"start": "00:34:41", "end": "00:34:47", "text": "September that are the reason we're getting these ETFs launched right now. They did a whole bunch. They've they started giving actual guidance and"}, {"start": "00:34:47", "end": "00:34:52", "text": "issuing these letters from Hester Pur and the crypto task force. So all these things are very positive. Uh and they"}, {"start": "00:34:52", "end": "00:34:58", "text": "don't have clarity. Like I said, the problem is what happens when they're not in charge anymore. Yeah, very good point. also an"}, {"start": "00:34:58", "end": "00:35:04", "text": "interesting take that it's not going to be all that it seems. Um I mean I hope I'm wrong."}, {"start": "00:35:04", "end": "00:35:09", "text": "Things looked really good a few months ago. Yeah. Rather be pleasantly surprised than"}, {"start": "00:35:09", "end": "00:35:15", "text": "desperately disappointed. That's that's a model everyone in crypto investing should actually take with them to be"}, {"start": "00:35:15", "end": "00:35:20", "text": "honest when it comes to expectations for what's going to happen this what's happened and what could happen in the markets."}, {"start": "00:35:20", "end": "00:35:27", "text": "And I would also say it matters a lot more for assets other than Bitcoin. I don't think clarity I mean maybe on the"}, {"start": "00:35:27", "end": "00:35:33", "text": "fringes it'll make things because anything that makes this ecosystem better is going to be better for for Bitcoin but for the most part a lot of"}, {"start": "00:35:33", "end": "00:35:38", "text": "this stuff has a lot more to do with you know what's going on on on protocols"}, {"start": "00:35:38", "end": "00:35:43", "text": "like Ethereum and Salon and other smart chains and DeFi and really what's happening on those decentralized"}, {"start": "00:35:43", "end": "00:35:50", "text": "exchanges and stuff like that. All that's what really needs to be settled and like whether or not you get clarity probably doesn't matter all that much in"}, {"start": "00:35:50", "end": "00:35:57", "text": "the grand scheme of things for Bitcoin at the edges. Sure. But yeah, that's the other thing I would point out. Yeah. Fair, fair. Moving on to the"}, {"start": "00:35:57", "end": "00:36:03", "text": "markets a bit more broadly. Now, this is the million-dollar question, but like how would you characterize the current"}, {"start": "00:36:03", "end": "00:36:09", "text": "state of the crypto market right now? Is it bull or bare? What is it? Bull or"}, {"start": "00:36:09", "end": "00:36:16", "text": "bear, man? I mean, we're obviously in a bare market. We're 30% down. So, my view even before this was I I was like, either"}, {"start": "00:36:16", "end": "00:36:23", "text": "this is a normal step back in a bull market, right? They they typically have 25 to 35% pullbacks and then go on to"}, {"start": "00:36:23", "end": "00:36:29", "text": "reach new highs. We had one in March and April of this year. It was like 30% pullback. So if we had the same pullback"}, {"start": "00:36:29", "end": "00:36:35", "text": "we had level of pullback from the all-time high, we'd have gotten to like 89. And basically that's what we did. We"}, {"start": "00:36:35", "end": "00:36:41", "text": "went to 88 I think on on Bitcoin specifically. The question is is like is this one of those pullbacks or and this"}, {"start": "00:36:41", "end": "00:36:46", "text": "is how ETFs operate too. And if you look at the flows and the assets of the ETFs, it's like two three steps forward, one"}, {"start": "00:36:46", "end": "00:36:52", "text": "step back. couple steps forward, one step back. That's just how it operates. That's how Bitcoin operates itself. The"}, {"start": "00:36:52", "end": "00:36:58", "text": "problem is every four years, you know, there's this giant leap back. And I'm not going to pretend to say like, is this the is this one of those step backs"}, {"start": "00:36:58", "end": "00:37:04", "text": "and we've already kind of are nearing the bottom? Maybe we go another 10k lower or is this like another one of"}, {"start": "00:37:04", "end": "00:37:10", "text": "those massive leaps backwards where where we get a 50% plus pullback. I'm I won't pretend to know. I'm not going to"}, {"start": "00:37:10", "end": "00:37:16", "text": "act like I know that. My inclination was I thought we'd get another 30-ish% pullback. We've already hit it. this"}, {"start": "00:37:16", "end": "00:37:21", "text": "could age very poorly, but yeah, I won't I won't I won't pretend to know. Um"}, {"start": "00:37:21", "end": "00:37:26", "text": "I that I'm not actually I'm not even allowed to say a prediction of like where I think prices are going"}, {"start": "00:37:26", "end": "00:37:32", "text": "technically speaking, but yeah, my my inclination is like I I'll tell you this. There's a huge you know,"}, {"start": "00:37:32", "end": "00:37:38", "text": "everyone's talking about like is the four-year cycle over? I don't know about that. But I will take the other side. I I think the four-year cycle is going to"}, {"start": "00:37:38", "end": "00:37:44", "text": "be way more muted going forward compared to what it has been. So if this is a big leap back and we go much lower than you"}, {"start": "00:37:44", "end": "00:37:50", "text": "know a 30% pullback from 126 maybe low 80s 70s or something maybe even lower I"}, {"start": "00:37:50", "end": "00:37:56", "text": "think the upsides and the downsides are going to be capped a little bit more now that we have a lot of institutional capital here particularly from"}, {"start": "00:37:56", "end": "00:38:02", "text": "governments but mainly from the ETF investors if you're an adviser the way you think about getting your exposure to"}, {"start": "00:38:02", "end": "00:38:09", "text": "Bitcoin is you're going to do it via a percentage of your portfolio whether that's 3% 5% the highest I've heard of"}, {"start": "00:38:09", "end": "00:38:15", "text": "any adviser doing or that's not true I've heard advisor doing much higher, but for the most part, the highest I heard in in any semblance of more than"}, {"start": "00:38:15", "end": "00:38:20", "text": "one adviser is like 10% they recommend. And if Bitcoin goes up double, all of a"}, {"start": "00:38:20", "end": "00:38:27", "text": "sudden your portfolio, it's it's depending on what's gone on with the rest of your portfolio, assuming it stay flat, you now have a 20% exposure to"}, {"start": "00:38:27", "end": "00:38:34", "text": "Bitcoin. If you're plan to have 10%, you're going to sell, right? And vice versa, if you have if your goal is a 10%"}, {"start": "00:38:34", "end": "00:38:39", "text": "allocation, everything else stays the same and Bitcoin cuts in half, what are you going to do? You're going to buy."}, {"start": "00:38:39", "end": "00:38:46", "text": "So, I think I think that's going to like kind of keep things a little more rangebound. We could have short squeezes and blowoff tops and bottoms and things"}, {"start": "00:38:46", "end": "00:38:51", "text": "along those lines, but I think roughly speaking on a quarterly basis, you're going to have a lot of advisers"}, {"start": "00:38:51", "end": "00:38:57", "text": "reassessing going in and out of the ETFs, but that hasn't happened yet. For the most part, people have just been"}, {"start": "00:38:57", "end": "00:39:04", "text": "there have been outflows. We've seen like four and a half billion in outflows since October 10th when we had that blow up um on the Bitcoin ETF specifically."}, {"start": "00:39:04", "end": "00:39:12", "text": "But for the most part, people are simply adding. There's there's very little pulling back in the grand scheme of things. We we've over 60 over 62 billion"}, {"start": "00:39:12", "end": "00:39:19", "text": "has come into these the Bitcoin ETFs since they launched. We've had 4 and a half billion come out in the last 6 weeks. So drop in the bucket really."}, {"start": "00:39:19", "end": "00:39:26", "text": "Yeah, that's that is surprising how resilient they've been given what since what's happened since October. And I"}, {"start": "00:39:26", "end": "00:39:34", "text": "think that part of the reason for the really really poor price action is I don't know there's all these theories around what exactly happened out of 1010"}, {"start": "00:39:34", "end": "00:39:40", "text": "you know has y some big player that we don't know about being completely smoked and as a result"}, {"start": "00:39:40", "end": "00:39:46", "text": "slowly exiting. Um we'll only find out soon enough when the bodies come to the surface. Um, but yeah, I think that"}, {"start": "00:39:46", "end": "00:39:51", "text": "could be a part of the reason as well. Also, why we've had a disconnect between what's happening in Tradfi markets in"}, {"start": "00:39:51", "end": "00:39:58", "text": "terms of stocks and why crypto has just had this, you know, really, you know, just really flat price action. It feels"}, {"start": "00:39:58", "end": "00:40:04", "text": "like there's somebody that's forced selling or trying to dump the market. But like during US market hours, it's"}, {"start": "00:40:04", "end": "00:40:10", "text": "just like consistently like dump dump dump dump dump. It I don't know. There's no way to know for sure somebody got"}, {"start": "00:40:10", "end": "00:40:15", "text": "pulled out in a body bag. I would say the other thing I keep hearing from people, there are certain people really"}, {"start": "00:40:15", "end": "00:40:21", "text": "shouting from the rooftops that they're concerned about quantum breaking Bitcoin. Um, so I think there might be some concern there. I don't really know."}, {"start": "00:40:21", "end": "00:40:26", "text": "I'm not I'm not intelligent enough to know how how real that is. But yeah, those are the two theories I've been"}, {"start": "00:40:26", "end": "00:40:33", "text": "hearing that somebody uh somebody blew up on 1010 which or maybe more than some one person and we won't find out for"}, {"start": "00:40:33", "end": "00:40:40", "text": "some time. I mean, it took many months to figure out that FTX was actually completely fully insolvent. So yeah. Yeah, I think quite a few people"}, {"start": "00:40:40", "end": "00:40:46", "text": "got wrecked, but uh yeah, we'll soon we'll discover that soon enough. The real casualties of 1010 were the"}, {"start": "00:40:46", "end": "00:40:52", "text": "altcoins. Um, hey, leverage kills, guys. Yeah, leverage kills, guys. Don't do it."}, {"start": "00:40:52", "end": "00:40:58", "text": "Don't do it. Don't don't slide. That's leverage slider. Just avoid the temptation to enter the casino. I mean,"}, {"start": "00:40:58", "end": "00:41:05", "text": "obviously, this is like this relates to the excitement and the polarity between the excitement we see with Alcoin ETFs"}, {"start": "00:41:05", "end": "00:41:10", "text": "and the altcoin market more broadly. And you know, everyone's been crowing on about, oh, altcoin season's going to"}, {"start": "00:41:10", "end": "00:41:16", "text": "come, the final stage of the bull market, and it seems like the altcoin season's just it's like an ice age. Do"}, {"start": "00:41:16", "end": "00:41:22", "text": "you have a thought on the altcoin market right now? I mean, do you think they're going to start catching a bid, you know,"}, {"start": "00:41:22", "end": "00:41:28", "text": "or is it basically just a Bitcoin um Bitcoin story for now? Yeah, I've been saying this for months."}, {"start": "00:41:28", "end": "00:41:35", "text": "I was saying this I I actually used to be a regular co-host of Laura Shins's Unchained, but when I was on there, I"}, {"start": "00:41:35", "end": "00:41:44", "text": "was say I felt like the altcoin market like happened in DATs. Like I think the altcoin meta and latestage stuff"}, {"start": "00:41:44", "end": "00:41:50", "text": "happened with the DAT companies. That's where all the interest went. People were trading those and the miners and a lot"}, {"start": "00:41:50", "end": "00:41:56", "text": "of other things like that rather than altcoins themselves. That was where the real beta and leverage ended up going"}, {"start": "00:41:56", "end": "00:42:02", "text": "from my point of view. And now that's deflating. I don't know. I could be wrong, but that was the way I saw it then. And I kind of think that that was"}, {"start": "00:42:02", "end": "00:42:07", "text": "the correct way to view it. I hope for all the like heavy altcoin investors that I'm wrong and you you get your bull"}, {"start": "00:42:07", "end": "00:42:13", "text": "market at some point. But yeah, that's the way I viewed it. I think all the interest went to the DACA or a lot of it at least."}, {"start": "00:42:13", "end": "00:42:20", "text": "So NGMI for altcoins right now. I mean, a lot of these things will be fine. I think there's real use cases for"}, {"start": "00:42:20", "end": "00:42:27", "text": "a lot of these different products. Am I going to pretend to say I know exactly which one is going to be the dominant player in different areas? 10 years from"}, {"start": "00:42:27", "end": "00:42:34", "text": "now. No, but I think there's going to be multiple of these smart chains that will do very well. Um, and I just don't know"}, {"start": "00:42:34", "end": "00:42:40", "text": "enough to say which exactly one it is. I'm not uh I'm more technical than your average person, but I'm not technical"}, {"start": "00:42:40", "end": "00:42:46", "text": "enough to like talking about the different code and benefits and pros and cons of these different things. I mean I"}, {"start": "00:42:46", "end": "00:42:52", "text": "I just think people are you the part of the problem with this whole entire space even some Bitcoiners is like Bitcoin is"}, {"start": "00:42:52", "end": "00:42:58", "text": "up you know 100% and change from when the ETFs launched and people are up"}, {"start": "00:42:58", "end": "00:43:03", "text": "really upset like if they're not getting 100% a year they're it's it's not good enough and like that's just not how the"}, {"start": "00:43:03", "end": "00:43:09", "text": "real world works. if you were early and you took all the risk in 2015, 2013, what have you, or you were early to"}, {"start": "00:43:09", "end": "00:43:17", "text": "Ethereum, some of these other coins, like yeah, you got the risk, but like that's just not something you're handed on a platter every month, every quarter,"}, {"start": "00:43:17", "end": "00:43:24", "text": "every year. Like that's just not how the world works. So that's the other thing I'd say. Yeah, it's a good point. I mean, to"}, {"start": "00:43:24", "end": "00:43:30", "text": "that, like the reason that people had invested in altcoins in the past was the higher risk, the higher risk and higher"}, {"start": "00:43:30", "end": "00:43:36", "text": "reward people could get from it, right? as a as a higher beta play on Bitcoin. And now this ties into the question"}, {"start": "00:43:36", "end": "00:43:42", "text": "around all these ETFs that are launching these structured financial products which are themselves in some way could"}, {"start": "00:43:42", "end": "00:43:48", "text": "be higher leveraged beta plays on a asset like Bitcoin. So I wonder how much"}, {"start": "00:43:48", "end": "00:43:54", "text": "of the lack of interest in buying altcoins in general is that people now and retail investors and institutions as"}, {"start": "00:43:54", "end": "00:44:00", "text": "well have a lot more opportunity to get higher leverage on crypto assets than"}, {"start": "00:44:00", "end": "00:44:05", "text": "going and buying an altcoin on an exchange. I mean don't know if you have a view on that or"}, {"start": "00:44:05", "end": "00:44:12", "text": "I 100% agree. I mean in 2017 meta 2021 even like if you wanted high beta"}, {"start": "00:44:12", "end": "00:44:17", "text": "Bitcoin you went to an altcoin. Now you literally just you can buy options on a"}, {"start": "00:44:17", "end": "00:44:24", "text": "Bitcoin ETF, you can just use that lever we were talking about before to get levered exposure to Bitcoin. Like there's it the ecosystem has become a"}, {"start": "00:44:24", "end": "00:44:30", "text": "lot more mature than it was. And if you just want levered exposure to an asset, you can pretty much get it anywhere,"}, {"start": "00:44:30", "end": "00:44:36", "text": "however you want. Obviously, there was still, you know, some altcoins did exceptionally well at different times. I mean, Salana not that long ago was a"}, {"start": "00:44:36", "end": "00:44:43", "text": "singledigit price point. It's just, you know, in general, it hasn't happened across the board. That might be just a"}, {"start": "00:44:43", "end": "00:44:48", "text": "sign of the market maturing. Like you're not just going to get, you know, 15x"}, {"start": "00:44:48", "end": "00:44:53", "text": "pumps just because you were in something early, even if it has no value. Who knows? I could be wrong."}, {"start": "00:44:53", "end": "00:44:59", "text": "Yeah. It's like that meme when everyone on crypto Twitter's like, \"When retail? When retail?\" And it's like, \"We are the"}, {"start": "00:44:59", "end": "00:45:04", "text": "retail.\" So, yeah. Yeah. The retail's there already. Yeah. It's already retail there. Yeah. So, yeah. James, just to finish off with"}, {"start": "00:45:04", "end": "00:45:10", "text": "a few final questions. This is the time for the price predictions. No, I'm joking. I'm joking. I know you"}, {"start": "00:45:10", "end": "00:45:17", "text": "can't do those. Um, Unfortunately, you you honestly you you don't want my price predictions anyway. I"}, {"start": "00:45:17", "end": "00:45:22", "text": "sure whatever I would say anyway. I'm not going to try and hold you to it. It's all good. I understand. Anyways,"}, {"start": "00:45:22", "end": "00:45:28", "text": "making price predictions on YouTube is the most fraught endeavor you can ever have. Never do it. As a coming from"}, {"start": "00:45:28", "end": "00:45:35", "text": "someone who operates on crypto YouTube, I can tell you never do that. But um here's a question. So, which crypto e"}, {"start": "00:45:35", "end": "00:45:42", "text": "can be broad like which ETF in general do you personally think should not exist? It's like pointless. Doesn't"}, {"start": "00:45:42", "end": "00:45:47", "text": "shouldn't exist. Crypto specifically, it can be crypto. It can be broader. I"}, {"start": "00:45:47", "end": "00:45:55", "text": "mean, maybe one crypto one and one in general on. So, I am like as far left on"}, {"start": "00:45:55", "end": "00:46:00", "text": "or freedom side of this as as few can possibly be. There are tons of products"}, {"start": "00:46:00", "end": "00:46:06", "text": "I would never invest in. The problem with ETFs and even these crypto ETFs and some of them like the 2x levered, you"}, {"start": "00:46:06", "end": "00:46:13", "text": "know, whatever, like you want leverage, Bitcoin exposure, there's covered call exposure. They're not things that I would ever invest in. But part of that"}, {"start": "00:46:13", "end": "00:46:19", "text": "is cuz one, I have restrictions on what I can and cannot hold. I have to hold for a certain period of time. I can't sell for a game with a certain period."}, {"start": "00:46:19", "end": "00:46:24", "text": "Like there's all these restrictions I have, but that doesn't mean somebody else can't find use in them, right? Like"}, {"start": "00:46:24", "end": "00:46:30", "text": "a 2x inverse Bitcoin ETF is not something I would hold long term, but if somebody bought that, you know, four"}, {"start": "00:46:30", "end": "00:46:36", "text": "weeks ago, they've done exceptionally well. It's just that I just believe that I can't do market timing. So, and"}, {"start": "00:46:36", "end": "00:46:41", "text": "obviously there's plenty of these people love these products. They have billions of dollars in assets. some of the ones I just mentioned. I don't know. I I really"}, {"start": "00:46:41", "end": "00:46:49", "text": "don't like there. There's these covered call ETFs, heavy covered call, uh, and they basically are have like 80% yields,"}, {"start": "00:46:49", "end": "00:46:55", "text": "but really all it's doing is return of capital. They're just changing the return stream from, you know, capital"}, {"start": "00:46:55", "end": "00:47:00", "text": "gains to distributions. And I think that that could be tax inefficient depending on how you're doing it. So, I'm not a"}, {"start": "00:47:00", "end": "00:47:07", "text": "huge fans of those products in many ways. But yeah, I don't know if if like I said, I I view the spaghetti cannon as"}, {"start": "00:47:07", "end": "00:47:13", "text": "a good thing. If some issuer wants to launch an an altcoin that I've never heard of, go for it. And if some point"}, {"start": "00:47:13", "end": "00:47:19", "text": "like I at at many points I had never heard of Salana. I had never heard of some of the chain link. And if these"}, {"start": "00:47:19", "end": "00:47:24", "text": "assets end up taking off, that issuer is going to be really happy that they're the only one with an ETF that has"}, {"start": "00:47:24", "end": "00:47:29", "text": "exposure, right? So there's tons of these like long tales of assets that are"}, {"start": "00:47:29", "end": "00:47:37", "text": "going to come out like Injective, SEI, AXL, Aptos, SUI, B&B, Near, Ono, Avac,"}, {"start": "00:47:37", "end": "00:47:44", "text": "like Canton, like all those things are going to come to market at some point in the next year. Am I going to be buying"}, {"start": "00:47:44", "end": "00:47:49", "text": "them up as soon as they come to market personally? Almost certainly not. But if one of those assets or protocols starts"}, {"start": "00:47:49", "end": "00:47:55", "text": "doing exceptionally well, those issuers are going to be very happy that ETF exists when it happens. So that's more"}, {"start": "00:47:55", "end": "00:48:00", "text": "the way I view the market. So yeah, I'm sorry that's not as spicy as like this shouldn't exist, but that that's that's"}, {"start": "00:48:00", "end": "00:48:06", "text": "the way I view it. Got blanch, it's the free market, man. You know, people should decide what they want to invest in."}, {"start": "00:48:06", "end": "00:48:13", "text": "Should have the option to do it. Um, okay, last question then. What stresses you out more? Too many emails in your"}, {"start": "00:48:13", "end": "00:48:19", "text": "inbox or too many ETF filings? Emails. Cuz emails I actually have to do"}, {"start": "00:48:19", "end": "00:48:24", "text": "something about. I can ignore the ETF launches sometimes and I have a way. So, same way with emails. Like, you know,"}, {"start": "00:48:24", "end": "00:48:30", "text": "like this email is important and I need to get to it. I can do the same thing with the ETFs, but emails, I'm just bad"}, {"start": "00:48:30", "end": "00:48:36", "text": "at responding. I'm I honestly I'm I'm bad at responding to DMs on Twitter and LinkedIn and all these other things. So,"}, {"start": "00:48:36", "end": "00:48:42", "text": "yeah, that stresses me out more. But you don't I need to improve I don't think you ever let an ETF filing go to"}, {"start": "00:48:42", "end": "00:48:48", "text": "waste. I mean, you have to keep the uh folks on CT up to date, man. You rely they relied on for the ETF alpha, bro."}, {"start": "00:48:48", "end": "00:48:54", "text": "Yeah. Well, I also like there's people out there that think I'm like trying to be the first one to announce it and it's like no. Sometimes I'm tweeting about"}, {"start": "00:48:54", "end": "00:49:00", "text": "this like four hours after it was filed or a day after. Like I'm just trying to cover it so people know there are plenty"}, {"start": "00:49:00", "end": "00:49:07", "text": "of other people out there that are like way more like have automation so these things are like tweeted out like before I even see them in some cases."}, {"start": "00:49:07", "end": "00:49:13", "text": "Sometimes I'm early but like I'm not trying to be first. My job is, you know, to do what we do here, provide analysis. Why does this matter? Not like this"}, {"start": "00:49:13", "end": "00:49:19", "text": "happened. I'm never going to beat an algo or AI or whatever to to to announce some sort of news."}, {"start": "00:49:19", "end": "00:49:24", "text": "Well, that valuable context and color is much appreciated as always. Uh but um"}, {"start": "00:49:24", "end": "00:49:30", "text": "yeah, thanks again for this conversation, James. I had a great time. Where can people follow you other than"}, {"start": "00:49:30", "end": "00:49:35", "text": "Twitter or X? Do you have any websites, blog post blogs or anything or"}, {"start": "00:49:35", "end": "00:49:41", "text": "So, unfortunately, I'm I don't I'm not allowed to. Um, so if you're a Bloomberg client, which I'm guessing a very, very,"}, {"start": "00:49:41", "end": "00:49:47", "text": "very small portion of your audience is, if at all, that's where all of my stuff is. So, I tease a lot of it on Twitter."}, {"start": "00:49:47", "end": "00:49:52", "text": "I'm very active on Twitter, or X, I should say. So, that's the easiest way for somebody to get a hold of me. I'm"}, {"start": "00:49:52", "end": "00:49:57", "text": "also on LinkedIn, but I don't post nearly as much. But, if you're if you're on the Bloomberg terminal, hit me up. That's where all of my research is"}, {"start": "00:49:57", "end": "00:50:03", "text": "going. I I might throw a couple chart or two on on X, but like my fullblown notes"}, {"start": "00:50:03", "end": "00:50:09", "text": "and if I show one or two charts on Twitter, I probably did six or seven on the terminal. So that's where like real"}, {"start": "00:50:09", "end": "00:50:15", "text": "in-depth type stuff is and that's where I can be a lot more verbose, if you will. So yeah, terminal would be number"}, {"start": "00:50:15", "end": "00:50:20", "text": "one and number two would obviously be X. Cool. So I'll link to that below and thanks again, James. Um, looking forward"}, {"start": "00:50:20", "end": "00:50:27", "text": "to having you on again and I'm also looking forward to your coverage of the MOG ETF launch."}, {"start": "00:50:27", "end": "00:50:34", "text": "Hey, like I said, if if social media interactions, quote, tweets, comments, likes is any indication of how"}, {"start": "00:50:34", "end": "00:50:40", "text": "successful these things will be, which I'm not sure they are. I don't think they are. Uh, to some level, maybe a little bit. It will be very, it'll go"}, {"start": "00:50:40", "end": "00:50:46", "text": "really well. I think it will shock a lot of people, but I don't know how much of that is bot farms. Could be the biggest launch of 2026."}, {"start": "00:50:46", "end": "00:50:53", "text": "Surprise to the outside. Hey, so far 2024, biggest launches of the year were Bitcoin and Ethereum. 2025"}, {"start": "00:50:53", "end": "00:50:58", "text": "biggest launches of the year, XRP, Salana. Is crypto gonna keep the crown in 2026? I guess we'll find out."}, {"start": "00:50:58", "end": "00:51:03", "text": "Go down that risk curve. Fcoin next. Trump and Melaniacoin have been filed,"}, {"start": "00:51:03", "end": "00:51:10", "text": "too. So, Oh, yeah. Yeah. Cool. Thanks a lot, James. Thank you, Nick. This is fun."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "In theory, crypto is decentralized, meaning nobody  can seize or freeze your funds. In practice,"}, {"start": "00:00:06", "end": "00:00:12", "text": "this happens almost every day, usually in response  to criminal activity. Some say it's a good thing,"}, {"start": "00:00:12", "end": "00:00:18", "text": "while others argue that freezing assets  goes against crypto's very ethos. After all,"}, {"start": "00:00:18", "end": "00:00:23", "text": "if a central authority can lock up your funds,  crypto isn't much better than traditional banks"}, {"start": "00:00:23", "end": "00:00:29", "text": "or even CBDC's. The craziest part is that it's  not just stable coin issuers freezing funds."}, {"start": "00:00:29", "end": "00:00:35", "text": "is major blockchains. So, when a report revealed  which blockchains have censorship enabled,"}, {"start": "00:00:35", "end": "00:00:42", "text": "we knew we had to take a closer look. My name's  Louis and let's dive in. Before we go any further,"}, {"start": "00:00:42", "end": "00:00:47", "text": "though, you need to know that I'm not a financial  adviser and nothing in this video is financial or"}, {"start": "00:00:47", "end": "00:00:52", "text": "investment advice. It's educational content  that summarizes the recent crypto report. If"}, {"start": "00:00:52", "end": "00:00:58", "text": "that sounds good to you, then prove it by punching  that like button and let's get into it. The report"}, {"start": "00:00:58", "end": "00:01:03", "text": "we'll be summarizing for you today comes from  cryptocurrency exchange Bybit and is titled quote"}, {"start": "00:01:03", "end": "00:01:10", "text": "blockchain freezing exposed examine the impact of  fund freezing ability in blockchains. As always,"}, {"start": "00:01:10", "end": "00:01:15", "text": "we'll be summarizing the key highlights for  you here in this video, but you're welcome"}, {"start": "00:01:15", "end": "00:01:20", "text": "to check out the full report with the links in  the description below. Now, the report begins"}, {"start": "00:01:20", "end": "00:01:27", "text": "by explaining what fund freezing or blacklisting  actually is. In short, it's when a protocol locks"}, {"start": "00:01:27", "end": "00:01:32", "text": "a user's crypto assets without their consent. As  mentioned in the introduction, blacklisting is"}, {"start": "00:01:32", "end": "00:01:37", "text": "typically used to prevent criminal activity  by freezing the assets of malicious actors,"}, {"start": "00:01:37", "end": "00:01:43", "text": "which many see as beneficial from a regulatory  and security perspective. However, others argue"}, {"start": "00:01:43", "end": "00:01:48", "text": "that blacklisting undermines the trustless,  permissionless nature of crypto and sets a"}, {"start": "00:01:48", "end": "00:01:54", "text": "precedent for centralized censorship and control.  This is a philosophical discussion that is well"}, {"start": "00:01:54", "end": "00:01:59", "text": "quite frankly outside the scope of this video.  But back to the report. The authors explained"}, {"start": "00:01:59", "end": "00:02:05", "text": "that the blacklisting debate was reignited in May  this year after the Sousie Foundation froze assets"}, {"start": "00:02:05", "end": "00:02:12", "text": "stolen from the Cedus DEX. After the incident,  Bybit's Lazarus Security Lab team investigated"}, {"start": "00:02:12", "end": "00:02:19", "text": "166 blockchains to find any hidden fund freezing  capabilities since most apparently don't disclose"}, {"start": "00:02:19", "end": "00:02:24", "text": "these features publicly. What's cool is that  Bybit did this using AI and the exact prompts"}, {"start": "00:02:24", "end": "00:02:29", "text": "used to shape the AI models are detailed in the  back of the report along with any challenges that"}, {"start": "00:02:29", "end": "00:02:34", "text": "it ran into. We'll skip the details for the sake  of time, but it's important to remember that these"}, {"start": "00:02:34", "end": "00:02:42", "text": "findings came from AI. So, what were the findings?  Well, 16 blockchains have freezing capabilities"}, {"start": "00:02:42", "end": "00:02:48", "text": "and another 19 could potentially add them in the  future. This means that 16 cryptocurrencies can"}, {"start": "00:02:48", "end": "00:02:53", "text": "currently blacklist wallet addresses. In other  words, banning them from interacting with the"}, {"start": "00:02:53", "end": "00:02:58", "text": "network. Of the 16 identified chains, there were  three main methods for blacklisting accounts. The"}, {"start": "00:02:58", "end": "00:03:04", "text": "first method was hard-coded freezing, also known  as public blacklisting. This is when the blacklist"}, {"start": "00:03:04", "end": "00:03:10", "text": "is directly integrated into the blockchain's code.  This method is relatively transparent since the"}, {"start": "00:03:10", "end": "00:03:16", "text": "list of blocked addresses can often be publicly  visible on code bases like GitHub. Hard-coded"}, {"start": "00:03:16", "end": "00:03:22", "text": "blacklists require a full hard fork to add or  remove banned addresses, which is why only the"}, {"start": "00:03:22", "end": "00:03:28", "text": "protocols developers or other authorized parties  can manage them. Of the 16 chains identified as"}, {"start": "00:03:28", "end": "00:03:34", "text": "having blacklist features, five use hard-coded  freezing. in the order of market cap. These"}, {"start": "00:03:34", "end": "00:03:42", "text": "are BNB chain, Vchain, XDC network, Chilis and  Viction, whatever that is. The second method is"}, {"start": "00:03:42", "end": "00:03:48", "text": "a bit more technical and that's config file-based  freezing, also known as private blacklisting. To"}, {"start": "00:03:48", "end": "00:03:54", "text": "keep things simple, this is where blacklists are  managed and configuration files rather than being"}, {"start": "00:03:54", "end": "00:03:59", "text": "hardcoded into the protocol itself. Unlike  public blacklisting, private blacklisting is"}, {"start": "00:03:59", "end": "00:04:06", "text": "only available to validators, foundations, and  core developers. Obviously, private blacklists"}, {"start": "00:04:06", "end": "00:04:12", "text": "aren't transparent like public ones, making this  the most controversial of the three blacklisting"}, {"start": "00:04:12", "end": "00:04:18", "text": "methods. And yet, it's also the most widely used,  adopted by 10 blockchains. In order of market cap,"}, {"start": "00:04:18", "end": "00:04:26", "text": "these are Sooie, Aptos, Vulta, formerly the  EOS network, Lineia, Oasis, Waves, Harmony,"}, {"start": "00:04:26", "end": "00:04:34", "text": "WAX, Supra, and Hava, whatever that is. And  the third blacklisting method is onchain smart"}, {"start": "00:04:34", "end": "00:04:42", "text": "contract freezing used by only one blockchain,  the Heko chain, aka the Hobie Echo chain. Notably,"}, {"start": "00:04:42", "end": "00:04:47", "text": "Heekko was shut down in January this year, a  detail the report overlooks, likely due to Bybit's"}, {"start": "00:04:47", "end": "00:04:53", "text": "AI model. Anyway, this method allowed admin  addresses to add banned addresses directly to"}, {"start": "00:04:53", "end": "00:04:59", "text": "an onchain blacklist, avoiding the need for a hard  fork or validator restarts. Oh, and by the way,"}, {"start": "00:04:59", "end": "00:05:04", "text": "if you're looking to buy and trade crypto, then  you have to check out the Coin Bureau deals page."}, {"start": "00:05:04", "end": "00:05:09", "text": "That's where you'll find exchange signup bonuses  of up to $100,000, trading fee discounts of up to"}, {"start": "00:05:09", "end": "00:05:15", "text": "50%, and deposit cash backs of up to 75% on the  best crypto exchanges. Just hit the link in the"}, {"start": "00:05:15", "end": "00:05:20", "text": "description or scan this QR code, which will take  you right to the deals page. There you'll see all"}, {"start": "00:05:20", "end": "00:05:25", "text": "of our offers across a range of exchange partners.  Simply click one of the sign up now buttons,"}, {"start": "00:05:25", "end": "00:05:29", "text": "and that should take you right to the deal.  These deals won't be around forever though, so"}, {"start": "00:05:29", "end": "00:05:33", "text": "take advantage of them while you still can using  the link in the description below or by scanning"}, {"start": "00:05:33", "end": "00:05:38", "text": "the QR code on the screen now. Now, in the next  part of the report, Bybit zooms in on some of"}, {"start": "00:05:38", "end": "00:05:44", "text": "the more notable findings during their research.  In total, there are five standout cryptos that"}, {"start": "00:05:44", "end": "00:05:49", "text": "have added blacklist features to their protocols,  some of which may surprise you. The first finding"}, {"start": "00:05:49", "end": "00:05:54", "text": "was something we touched on earlier, which  relates to Sooie. Back in May this year,"}, {"start": "00:05:54", "end": "00:06:00", "text": "a sui deck called Cedus was hacked, resulting  in around $223 million of funds being stolen."}, {"start": "00:06:00", "end": "00:06:05", "text": "According to the report, the hackers basically  did this by using fake tokens to manipulate the"}, {"start": "00:06:05", "end": "00:06:11", "text": "prices of Cedus' liquidity pools. This dealt a  major blow to the Sooie ecosystem, and the Suie"}, {"start": "00:06:11", "end": "00:06:17", "text": "Foundation wasn't about to take it lying down. So  they activated SUI's protocol level fund freezing"}, {"start": "00:06:17", "end": "00:06:24", "text": "mechanism to add the hackers addresses to a  public blacklist. As such, they managed to freeze"}, {"start": "00:06:24", "end": "00:06:33", "text": "$162 million of the 223 million that was stolen.  Not a bad result, but freezing funds only solved"}, {"start": "00:06:33", "end": "00:06:39", "text": "part of the problem. So the Suie team took it one  step further. After a governance vote that passed"}, {"start": "00:06:39", "end": "00:06:45", "text": "with over 90% approval, the Sooi team recovered  the funds directly from the hacker's address. Kind"}, {"start": "00:06:45", "end": "00:06:51", "text": "of scary knowing that this level of power exists.  Eh, now here's where things get interesting. The"}, {"start": "00:06:51", "end": "00:06:56", "text": "attack on the Suie ecosystem actually caused  aos to implement similar blacklisting features"}, {"start": "00:06:56", "end": "00:07:03", "text": "of its own. This is significant because Sooie and  Aptodos share a lot in common. Both were created"}, {"start": "00:07:03", "end": "00:07:08", "text": "using the move programming language by former  meta engineers after its failed Liba project"}, {"start": "00:07:08", "end": "00:07:14", "text": "was abandoned. However, Bybit's research revealed  that unlike Sooie, which had public blacklisting"}, {"start": "00:07:14", "end": "00:07:20", "text": "features since April 2023, Aptos didn't implement  theirs until July of this year, roughly 6 weeks"}, {"start": "00:07:20", "end": "00:07:26", "text": "after the Cedus hack. What's crazy though is that  there doesn't seem to have been a governance vote"}, {"start": "00:07:26", "end": "00:07:31", "text": "for these features to be added. People only found  out about them when the update was implemented."}, {"start": "00:07:31", "end": "00:07:37", "text": "But that's just the first notable thing bybit  found. The second notable finding relates to the"}, {"start": "00:07:37", "end": "00:07:44", "text": "BNB chain, which suffered a major exploit back  in October of 2022 when a crosschain bridge was"}, {"start": "00:07:44", "end": "00:07:51", "text": "hacked. The hacker was able to exploit something  called the AVL tree proof verification. Without"}, {"start": "00:07:51", "end": "00:07:56", "text": "getting technical, this is a system that checks if  transactions between the BNB chain and the Binance"}, {"start": "00:07:56", "end": "00:08:02", "text": "Smart Chain Token Hub are legit. The hacker  noticed that the verification process skips"}, {"start": "00:08:02", "end": "00:08:07", "text": "certain checks and took advantage of this. They  were able to forge withdrawal proofs, allowing"}, {"start": "00:08:07", "end": "00:08:14", "text": "them to mint 2 million BNB out of thin air,  resulting in $570 million in losses. What's wild,"}, {"start": "00:08:14", "end": "00:08:20", "text": "though, is that to prevent further damage, the  BNB chain team actually worked with validators to"}, {"start": "00:08:20", "end": "00:08:26", "text": "pause the entire blockchain. They then hardcoded  the hacker's address into a public blacklist,"}, {"start": "00:08:26", "end": "00:08:31", "text": "freezing the stolen funds on chain. Notably  though, BNB didn't even have fund freezing"}, {"start": "00:08:31", "end": "00:08:37", "text": "capabilities until they added them in response to  this attack. Obviously, this is a similar story"}, {"start": "00:08:37", "end": "00:08:42", "text": "to the situation with Sooie that we discussed  earlier. The key difference though is that Sooie's"}, {"start": "00:08:42", "end": "00:08:47", "text": "blacklist is managed privately in the config  files of Suie's validators and possibly the"}, {"start": "00:08:47", "end": "00:08:53", "text": "Suie Foundation. With BNB though, the blacklist  is publicly visible to anyone. Intriguingly,"}, {"start": "00:08:53", "end": "00:08:58", "text": "if you check out the actual blacklist on GitHub,  you'll see only three addresses. To be fair,"}, {"start": "00:08:58", "end": "00:09:04", "text": "that's pretty impressive considering the blacklist  feature was added back in 2022. This suggests that"}, {"start": "00:09:04", "end": "00:09:09", "text": "all three wallet addresses were controlled by the  hacker. More importantly though, it suggests that"}, {"start": "00:09:09", "end": "00:09:15", "text": "BNB has never had to blacklist anyone else since  then. Now, the third notable finding in the report"}, {"start": "00:09:15", "end": "00:09:22", "text": "relates to Cosmos. Unlike Sooie, Aptos, and the  BNB chain, which have fund freezing capabilities"}, {"start": "00:09:22", "end": "00:09:28", "text": "hard-coded into the protocol deliberately, Cosmos  has code that could potentially be modified to"}, {"start": "00:09:28", "end": "00:09:32", "text": "allow blacklisting. What this means is that  the code can't yet be used for blacklisting,"}, {"start": "00:09:32", "end": "00:09:38", "text": "but could be used that way in the future.  Specifically, the Cosmos SDK has special accounts"}, {"start": "00:09:38", "end": "00:09:44", "text": "called module accounts. These aren't regular user  accounts. They're controlled by the systems module"}, {"start": "00:09:44", "end": "00:09:50", "text": "logic rather than anyone's private key. Module  accounts are unable to perform any kind of normal"}, {"start": "00:09:50", "end": "00:09:56", "text": "transaction. Instead, they're responsible for  specific protocol functions such as staking,"}, {"start": "00:09:56", "end": "00:10:02", "text": "governance, and token distribution. Each module  account has a function called blocked address,"}, {"start": "00:10:02", "end": "00:10:07", "text": "which is basically just a list of other module  accounts. The idea is to prevent wallets,"}, {"start": "00:10:07", "end": "00:10:12", "text": "including other module accounts, from transacting  with module accounts. and to help prevent any"}, {"start": "00:10:12", "end": "00:10:18", "text": "money being moved by module accounts in the  event of a hack. The report notes that in theory,"}, {"start": "00:10:18", "end": "00:10:23", "text": "these module accounts could be tweaked to add  other addresses to the blocked address function,"}, {"start": "00:10:23", "end": "00:10:28", "text": "essentially blacklisting them. But there is a  huge caveat. None of the projects in the Cosmos"}, {"start": "00:10:28", "end": "00:10:34", "text": "ecosystem have ever actually used blacklisting in  this way. That's a huge deal, especially when you"}, {"start": "00:10:34", "end": "00:10:39", "text": "consider that Cosmos is made up of dozens of apps  running their own separate blockchains. The report"}, {"start": "00:10:39", "end": "00:10:44", "text": "also points out that if Cosmos ever did decide  to add these changes in the future, this would"}, {"start": "00:10:44", "end": "00:10:50", "text": "require a full hard fork as well as a bunch of  other code changes. Note that Cosmos blockchains"}, {"start": "00:10:50", "end": "00:10:55", "text": "wouldn't be forced into hard forking to add  the same features, but it goes without saying"}, {"start": "00:10:55", "end": "00:11:01", "text": "that this would create some tension in the Cosmos  ecosystem. And given how Cosmos has underperformed"}, {"start": "00:11:01", "end": "00:11:05", "text": "much of the rest of the crypto market lately,  that's the last thing that they need to do right"}, {"start": "00:11:05", "end": "00:11:11", "text": "now. Topic for another time. Anyways, the fourth  notable finding relates to the unique blacklisting"}, {"start": "00:11:11", "end": "00:11:16", "text": "methods used by the Heko chain, which you'll  recall was actually shut down in January of this"}, {"start": "00:11:16", "end": "00:11:21", "text": "year. That said, we still think it's important  to understand Heko's blacklisting methods"}, {"start": "00:11:21", "end": "00:11:26", "text": "simply because we're honestly surprised that smart  contract blacklists aren't more widely used across"}, {"start": "00:11:26", "end": "00:11:31", "text": "the crypto industry. To refresh your memory, Heko  allowed admins to add addresses to the blacklist"}, {"start": "00:11:31", "end": "00:11:37", "text": "directly, providing two efficiency benefits.  First, the blacklist was updated instantly."}, {"start": "00:11:37", "end": "00:11:43", "text": "And second, there was no need for hard forks or  validator restarts. From our perspective, this"}, {"start": "00:11:43", "end": "00:11:47", "text": "is surely the easiest way to manage a blacklist.  Though, full disclosure, none of us here at the"}, {"start": "00:11:47", "end": "00:11:53", "text": "Coin Bureau are coding wizards. Anyway, the report  explains how he's blacklists actually worked."}, {"start": "00:11:53", "end": "00:11:59", "text": "First, the protocol checks its in-memory data for  the blacklist associated with the previous block."}, {"start": "00:11:59", "end": "00:12:04", "text": "If the last update happened a while ago and the  list isn't there, the system simply goes back"}, {"start": "00:12:04", "end": "00:12:10", "text": "one block at a time until it finds it. And if the  blacklist still isn't in memory, it goes straight"}, {"start": "00:12:10", "end": "00:12:15", "text": "to the smart contract on the blockchain to fetch  it. Once the blacklist is located, it updates to"}, {"start": "00:12:15", "end": "00:12:20", "text": "add new addresses to the blacklist, preventing  them from sending or receiving funds. The updated"}, {"start": "00:12:20", "end": "00:12:26", "text": "list is then stored in the protocol's data, making  it much easier to find next time. nodes could"}, {"start": "00:12:26", "end": "00:12:31", "text": "simply read updates in the smart contract rather  than having to restart to update the protocol's"}, {"start": "00:12:31", "end": "00:12:37", "text": "code. Notably though, only the team's contract  admin, which typically used either a multi-IG"}, {"start": "00:12:37", "end": "00:12:42", "text": "wallet or a governance account, had the permission  to update the blacklist. This means that although"}, {"start": "00:12:42", "end": "00:12:48", "text": "Heko's blacklist method was efficient, it also  placed an awful lot of power in the hands of just"}, {"start": "00:12:48", "end": "00:12:54", "text": "a few individuals. Come to think of it, this could  be exactly why this method isn't more widely used."}, {"start": "00:12:54", "end": "00:13:00", "text": "Now, the fifth and final notable finding relates  to Vchain, which has a huge wall of blacklisted"}, {"start": "00:13:00", "end": "00:13:05", "text": "addresses. The report explains this, although  it's a little light on the details. Basically,"}, {"start": "00:13:05", "end": "00:13:13", "text": "the Vchain Foundation suffered a direct hack in  December of 2019 where $6.6 million worth of VET"}, {"start": "00:13:13", "end": "00:13:18", "text": "tokens were stolen from the foundation's official  buyback wallet. Ouch. What the report doesn't"}, {"start": "00:13:18", "end": "00:13:25", "text": "explain is what actually happened. Shortly after  the incident, Vchain CEO Sunonny Louu explained"}, {"start": "00:13:25", "end": "00:13:30", "text": "that the attack was a result of negligence from  a member of Vchain's finance team, who set up"}, {"start": "00:13:30", "end": "00:13:36", "text": "a temporary buyback wallet on a non-compliance  computer with the intention of moving the funds"}, {"start": "00:13:36", "end": "00:13:42", "text": "to offline storage. However, that computer was  infected with a Trojan virus, allowing hackers"}, {"start": "00:13:42", "end": "00:13:47", "text": "to recover deleted data, including the private  key to the buyback wallet. To be fair, plenty"}, {"start": "00:13:47", "end": "00:13:52", "text": "of us have made mistakes with our private keys,  but I'm not sure many of us have made the mistake"}, {"start": "00:13:52", "end": "00:14:00", "text": "that affected an entire protocol and resulted in  $6.6 million of losses. In any case, the problem"}, {"start": "00:14:00", "end": "00:14:05", "text": "was quickly identified by the Vchain team, who  managed to prevent the funds from being liquidated"}, {"start": "00:14:05", "end": "00:14:13", "text": "by blacklisting every address associated with the  hacker, all 469 of them. Crazy stuff. In total,"}, {"start": "00:14:13", "end": "00:14:19", "text": "the hacker made off with 1.1 billion VET  tokens, but thanks to the Vchain Foundation's"}, {"start": "00:14:19", "end": "00:14:26", "text": "quick response, they were able to freeze about 727  million of those tokens, according to reports at"}, {"start": "00:14:26", "end": "00:14:31", "text": "the time. Not a perfect outcome by any means, but  definitely not a bad one either. And with that,"}, {"start": "00:14:31", "end": "00:14:37", "text": "we've reached the end of this report. Well, sort  of. There is another section that explains how"}, {"start": "00:14:37", "end": "00:14:42", "text": "Bybit used prompts to train its AI research  assistant and the roadblocks it faced when"}, {"start": "00:14:42", "end": "00:14:46", "text": "examining different blockchains. If you want  to dig into these yourself, you're more than"}, {"start": "00:14:46", "end": "00:14:51", "text": "welcome to check out the full report. Remember,  you can find it in the description below. Now,"}, {"start": "00:14:51", "end": "00:14:57", "text": "as you can see, blacklisting in crypto is highly  controversial. It's like a battle of two evils."}, {"start": "00:14:57", "end": "00:15:03", "text": "Do we allow hackers to cause huge financial  damage to a protocol and its investors? Or do"}, {"start": "00:15:03", "end": "00:15:08", "text": "we give a select few enough power to potentially  control our life savings? Do we work to preserve"}, {"start": "00:15:08", "end": "00:15:15", "text": "the value of decentralization? Or do we do  what we can to protect investors? Naturally,"}, {"start": "00:15:15", "end": "00:15:20", "text": "there's no way to answer this question and please  everyone. As controversial as it may be, our view"}, {"start": "00:15:20", "end": "00:15:26", "text": "is that blacklisting shouldn't be ruled out so  long as it's only used when absolutely necessary."}, {"start": "00:15:26", "end": "00:15:32", "text": "Put simply, it should be reserved for situations  where it prevents serious systemic harm. That"}, {"start": "00:15:32", "end": "00:15:37", "text": "could mean protecting a protocol from collapsing,  stopping investors from watching their portfolios"}, {"start": "00:15:37", "end": "00:15:43", "text": "go to zero, or preventing criminal financing.  Safety first, people. That said, this safety"}, {"start": "00:15:43", "end": "00:15:48", "text": "naturally comes at the expense of censorship  resistance, and it's a huge expense at that."}, {"start": "00:15:48", "end": "00:15:53", "text": "The thing is, freezing funds at the blockchain  level is just one threat to censorship resistance."}, {"start": "00:15:53", "end": "00:15:59", "text": "Another comes from the application or protocol  level. For example, a DeFi platform could refuse"}, {"start": "00:15:59", "end": "00:16:05", "text": "withdrawals from certain addresses. A bridge could  block transfers it deems high risk. And in theory,"}, {"start": "00:16:05", "end": "00:16:10", "text": "smart contracts could include their own fund  freezing features, just like how we saw with"}, {"start": "00:16:10", "end": "00:16:15", "text": "HEO. There's also several welldocumented cases  where stablecoin issuers have frozen assets,"}, {"start": "00:16:15", "end": "00:16:21", "text": "usually in coordination with law enforcement  agencies. For example, in October of 2023,"}, {"start": "00:16:21", "end": "00:16:28", "text": "Tether froze 32 addresses linked to terrorism and  warfare. Basically, Tether restricted the send"}, {"start": "00:16:28", "end": "00:16:36", "text": "USDT function of these wallets, resulting in over  $800,000 in elicit USDT being frozen. Notably,"}, {"start": "00:16:36", "end": "00:16:44", "text": "this was a relatively small freeze. Back in May  2024, Tether froze $5.2 million in USDT across"}, {"start": "00:16:44", "end": "00:16:51", "text": "12 wallets tied to fishing scams. They also froze  $46 million of USDT from FTX when it collapsed in"}, {"start": "00:16:51", "end": "00:16:58", "text": "2022 at the request of the DOJ. And it's not just  Tether. Circle's done its fair share of freezing,"}, {"start": "00:16:58", "end": "00:17:05", "text": "too. Like in May this year when it froze $58  million of USDC connected to the Libra memecoin"}, {"start": "00:17:05", "end": "00:17:12", "text": "scandal. Naturally, these resp-sparked the debate,  especially since USDT and USDC are dollarbacked"}, {"start": "00:17:12", "end": "00:17:19", "text": "stable coins. This centralized control is exactly  what we're trying to avoid with CBDC's, which"}, {"start": "00:17:19", "end": "00:17:24", "text": "can likewise be frozen by a central authority.  Many viewed this as the start of a very slippery"}, {"start": "00:17:24", "end": "00:17:30", "text": "slope. Aside from this though, another threat to  crypto censorship resistance is KYC requirements,"}, {"start": "00:17:30", "end": "00:17:35", "text": "which are becoming more commonplace as regulators  around the world struggle with crypto regulation."}, {"start": "00:17:35", "end": "00:17:41", "text": "While KYC is important from a compliance point of  view, the reality is that exchanges, custodians,"}, {"start": "00:17:41", "end": "00:17:48", "text": "or on-ramps requiring KYC can flag or even  restrict transactions from certain users. So,"}, {"start": "00:17:48", "end": "00:17:53", "text": "even if the underlying blockchain is  permissionless, these regulatory compliance"}, {"start": "00:17:53", "end": "00:17:58", "text": "measures create practical censorship points that  limit the ability of users to transact freely."}, {"start": "00:17:58", "end": "00:18:04", "text": "To make matters worse, many regulators around the  world are pushing requirements for digital ID,"}, {"start": "00:18:04", "end": "00:18:10", "text": "which are arguably even more dystopian than  CBDC's. For instance, the EU is rolling out a"}, {"start": "00:18:10", "end": "00:18:18", "text": "European digital identity wallet under its EID  2.0 framework. Simply put, this could become a"}, {"start": "00:18:18", "end": "00:18:24", "text": "mandatory bridge between real world identities and  blockchain interaction. If other global players"}, {"start": "00:18:24", "end": "00:18:30", "text": "follow suit, regulators or intermediaries could  start monitoring, restricting, or even blocking"}, {"start": "00:18:30", "end": "00:18:37", "text": "transactions based on identity, that would hit the  privacy and censorship resistance hard and push us"}, {"start": "00:18:37", "end": "00:18:42", "text": "closer to a dystopian world where every move you  make is tracked and controlled. In the long term,"}, {"start": "00:18:42", "end": "00:18:48", "text": "this could create a splintered crypto economy.  Some crypto projects will focus on compliance,"}, {"start": "00:18:48", "end": "00:18:53", "text": "which may even come at further costs of censorship  resistance. For instance, they could prioritize"}, {"start": "00:18:53", "end": "00:19:00", "text": "KYC and transaction monitoring or could even place  certain limits on transactions. At the same time,"}, {"start": "00:19:00", "end": "00:19:05", "text": "other crypto projects will double down  on censorship resistance. Fortunately,"}, {"start": "00:19:05", "end": "00:19:10", "text": "crypto already has built-in defense in this  regard. Decentralization makes networks"}, {"start": "00:19:10", "end": "00:19:16", "text": "harder to control, and privacy coins like Narrow,  Zcash, and Dash let users keep their transactions"}, {"start": "00:19:16", "end": "00:19:22", "text": "shielded from surveillance. As regulators push  for more oversight, these tools could become the"}, {"start": "00:19:22", "end": "00:19:27", "text": "last line of defense for financial privacy. And  if you want to learn more about privacy coins,"}, {"start": "00:19:27", "end": "00:19:32", "text": "then you should really check out our most recent  video update on that right over here. And with"}, {"start": "00:19:32", "end": "00:19:36", "text": "that, it's going to be all for me today. So, if  you want to see what's next for crypto and Q4,"}, {"start": "00:19:36", "end": "00:19:41", "text": "well, you should check out that video  right over here. And if you want to see"}, {"start": "00:19:41", "end": "00:19:46", "text": "how tokenized RWA could take over crypto,  well, check out that video right over here."}, {"start": "00:19:46", "end": "00:19:52", "text": "Thank you so much for watching and I'll see  you again very soon. This is Louis signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "When the crypto market crashed after the October  10th liquidations, everyone was desperate for a"}, {"start": "00:00:05", "end": "00:00:10", "text": "glimmer of hope. So, when an institutional report  claimed that the crash had actually reset the"}, {"start": "00:00:10", "end": "00:00:18", "text": "board for crypto to reach higher highs, it quickly  went viral. Suddenly, FUD was replaced with FOMO"}, {"start": "00:00:18", "end": "00:00:24", "text": "and traders started looking for dips instead of  doomcrolling on X. That's why today we're breaking"}, {"start": "00:00:24", "end": "00:00:29", "text": "down this report in simple terms, explaining why  things might not be as bad as they seem and what"}, {"start": "00:00:29", "end": "00:00:36", "text": "could be next for the crypto market. My name is  Louis and you're watching the Coin Bureau. Before"}, {"start": "00:00:36", "end": "00:00:40", "text": "we get started, you need to know that I'm not a  financial adviser and nothing in this video is"}, {"start": "00:00:40", "end": "00:00:45", "text": "financial or investment advice. It's educational  content that summarizes a recent crypto report."}, {"start": "00:00:45", "end": "00:00:51", "text": "That sounds good. Well, prove it by punching that  like button and let's get into it. Now, the report"}, {"start": "00:00:51", "end": "00:00:56", "text": "we'll be summarizing today is the monthly  outlook report from Coinbase Institutional,"}, {"start": "00:00:56", "end": "00:01:02", "text": "and it's titled quote market recalibration, which  should give you a sense of what this report is all"}, {"start": "00:01:02", "end": "00:01:07", "text": "about. As always, we'll only be summarizing the  key highlights right here for you in this video,"}, {"start": "00:01:07", "end": "00:01:12", "text": "but we'll leave a link to the full report down  in the description below. The report kicks off by"}, {"start": "00:01:12", "end": "00:01:17", "text": "suggesting that last month's massive liquidation  event marked the local bottom for the crypto"}, {"start": "00:01:17", "end": "00:01:22", "text": "market and could have actually set the stage for a  major move higher. In case you somehow missed it,"}, {"start": "00:01:22", "end": "00:01:29", "text": "October 10th saw a record $20 billion in crypto  liquidations as overleveraged long and short"}, {"start": "00:01:29", "end": "00:01:35", "text": "positions got wiped out after President Trump  announced 100% import tariffs on Chinese goods."}, {"start": "00:01:35", "end": "00:01:39", "text": "This created lots of uncertainty. And  if there's anything crypto doesn't like,"}, {"start": "00:01:39", "end": "00:01:48", "text": "it's uncertainty. BTC's price dropped 10% from  121K to 109K. Meanwhile, crypto's total market"}, {"start": "00:01:48", "end": "00:01:55", "text": "cap dropped 20% from 4 trillion to 3.2 trillion.  To put things into perspective, the October 10th"}, {"start": "00:01:55", "end": "00:02:00", "text": "liquidations were nine times bigger than the  flash crash we experienced back in February this"}, {"start": "00:02:00", "end": "00:02:06", "text": "year and 19 times bigger than when FTX collapsed  in November of 2022. To help further put things"}, {"start": "00:02:06", "end": "00:02:11", "text": "into perspective, the report compares the October  liquidations to the so-called great grain robbery"}, {"start": "00:02:11", "end": "00:02:18", "text": "of 1973. Contrary to the name, the Great Grain  Robbery wasn't actually a robbery at all. Instead,"}, {"start": "00:02:18", "end": "00:02:24", "text": "it was a coordinated effort by the Soviet Union  to quietly buy up as many global wheat and corn"}, {"start": "00:02:24", "end": "00:02:31", "text": "stocks as possible within a single month. This  drove food prices up 30 to 50% before anyone even"}, {"start": "00:02:31", "end": "00:02:37", "text": "realized that the Soviet Union was actually facing  massive crop failures, ultimately leading to the"}, {"start": "00:02:37", "end": "00:02:42", "text": "creation of satellite crop monitoring systems.  But what does this have to do with crypto? Well,"}, {"start": "00:02:42", "end": "00:02:47", "text": "according to the authors, October's liquidation  event bears a striking resemblance. That's because"}, {"start": "00:02:47", "end": "00:02:51", "text": "just like with the great grain robbery, the  crypto market suffered from lack of quality"}, {"start": "00:02:51", "end": "00:02:56", "text": "information around times of thin market liquidity.  As soon as Trump made the tariff announcement,"}, {"start": "00:02:56", "end": "00:03:01", "text": "investors panicked from the uncertainty that would  inevitably hit the market and hit the big red sell"}, {"start": "00:03:01", "end": "00:03:07", "text": "button. This caused crypto prices to fall past the  liquidation prices of many traders, sending prices"}, {"start": "00:03:07", "end": "00:03:14", "text": "even lower. Less liquid altcoins took a beating  with many falling anywhere between 40 to 70%. With"}, {"start": "00:03:14", "end": "00:03:19", "text": "some falling even more. The reason why altcoins  were so badly effective is because altcoin"}, {"start": "00:03:19", "end": "00:03:25", "text": "liquidity is fragmented, being split up across  multiple exchanges and on decentralized exchanges"}, {"start": "00:03:25", "end": "00:03:30", "text": "that automatically liquidate positions when  the market works against leverage traders. Each"}, {"start": "00:03:30", "end": "00:03:35", "text": "liquidation triggers a domino effect where falling  prices cause even more positions to be liquidated,"}, {"start": "00:03:35", "end": "00:03:40", "text": "driving prices lower, and so on. The next part  of the report is where things get interesting and"}, {"start": "00:03:40", "end": "00:03:45", "text": "it's where the authors give us a shot of hopium.  In their words, quote, \"Our view of the sell-off"}, {"start": "00:03:45", "end": "00:03:50", "text": "is that this leverage flush was a necessary  reset for crypto markets rather than a cycle top,"}, {"start": "00:03:50", "end": "00:03:57", "text": "potentially setting the stage for a grind higher  in the months to come. If that has you feeling"}, {"start": "00:03:57", "end": "00:04:02", "text": "all warm and fuzzy inside, then you're probably  going to want to buy some crypto. The best way to"}, {"start": "00:04:02", "end": "00:04:08", "text": "do that is a Coin Beer deals page. That's where  you'll find exchange bonuses of up to $100,000,"}, {"start": "00:04:08", "end": "00:04:13", "text": "trading fee discounts of up to 50%, and deposit  cash backs of up to 75% on the best crypto"}, {"start": "00:04:13", "end": "00:04:18", "text": "exchanges. Just hit the link in the description  or scan this QR code, which will take you right to"}, {"start": "00:04:18", "end": "00:04:24", "text": "the deals page. There you'll see all of our offers  across a range of exchange partners. Simply click"}, {"start": "00:04:24", "end": "00:04:27", "text": "one of the sign up now buttons, and that should  take you right to the deal. Remember though,"}, {"start": "00:04:27", "end": "00:04:31", "text": "these deals won't be around forever. So, take  advantage of them while you still can using the"}, {"start": "00:04:31", "end": "00:04:36", "text": "link in the description below or by scanning the  QR code on the screen. Now, back to the report"}, {"start": "00:04:36", "end": "00:04:41", "text": "where the authors explain that prior to October's  Black Swan event, their biggest concern was that"}, {"start": "00:04:41", "end": "00:04:45", "text": "the crypto bull market was ending. That's because  a Coinbase survey prior to the liquidations found"}, {"start": "00:04:45", "end": "00:04:51", "text": "that 45% of institutional investors believed the  crypto bull market was in its final stretch. Come"}, {"start": "00:04:51", "end": "00:04:56", "text": "to think of it, this alone might have worsened the  crash. After all, anyone following the so-called"}, {"start": "00:04:56", "end": "00:05:01", "text": "smart money would have likewise assumed the crypto  market was running out of steam. So, when prices"}, {"start": "00:05:01", "end": "00:05:06", "text": "began to fall, they likely panic sold, adding  even more fuel to the fire. Speculation aside,"}, {"start": "00:05:06", "end": "00:05:10", "text": "though, the authors point out that in the wake  of the October liquidations, the crypto market"}, {"start": "00:05:10", "end": "00:05:15", "text": "now has more freedom to move higher. The catch  though is that they expect any upside to come"}, {"start": "00:05:15", "end": "00:05:21", "text": "from market structure repair rather than from  any major headline catalyst. Say, isn't the US"}, {"start": "00:05:21", "end": "00:05:26", "text": "currently working on a market structure bill as  we speak? Anyhow, the report notes that leverage"}, {"start": "00:05:26", "end": "00:05:31", "text": "across the crypto market has largely reset based  on a ratio of total derivatives open interest"}, {"start": "00:05:31", "end": "00:05:37", "text": "to the crypto market cap excluding stable coins.  Intriguingly, the authors say that this is a key"}, {"start": "00:05:37", "end": "00:05:42", "text": "metric to watch in the coming months, adding that  current levels point to brief liquidity gaps and"}, {"start": "00:05:42", "end": "00:05:47", "text": "shorter price tales until market depth recovers.  Put simply, this means that we can expect brief"}, {"start": "00:05:47", "end": "00:05:54", "text": "but sharp liquidity changes that cause quick price  swings, but fewer extreme market moves, at least"}, {"start": "00:05:54", "end": "00:05:59", "text": "until trading volumes and order books recover to  healthier levels. So, a steadier market overall,"}, {"start": "00:05:59", "end": "00:06:04", "text": "but with sudden bursts of volatility. The authors  then note that the future strength of the crypto"}, {"start": "00:06:04", "end": "00:06:08", "text": "market will be driven primarily by institutional  inflows who have protected themselves by"}, {"start": "00:06:08", "end": "00:06:14", "text": "keeping their leverage exposure low and their  allocations mainly focused on large cap cryptos."}, {"start": "00:06:14", "end": "00:06:19", "text": "These big players are expected to help the crypto  market rebound, although it could be months before"}, {"start": "00:06:19", "end": "00:06:25", "text": "that happens. Notably, the authors predict Bitcoin  dominance will gradually rise over the next 2 to 3"}, {"start": "00:06:25", "end": "00:06:30", "text": "months, pressuring all coins before an eventual  rotation. And based on how traders are pricing"}, {"start": "00:06:30", "end": "00:06:36", "text": "their Bitcoin options, the data suggests that  BTC will range between 90K and 160K with upside"}, {"start": "00:06:36", "end": "00:06:41", "text": "potential being more likely. From our perspective,  if leverage helps push the crypto market upwards"}, {"start": "00:06:41", "end": "00:06:46", "text": "as quickly as it pushed it down, then we could  probably expect BTC to go even higher than"}, {"start": "00:06:46", "end": "00:06:52", "text": "many are expecting as investors FOMO in for one  final wave. Okay, so the next part of the report"}, {"start": "00:06:52", "end": "00:06:57", "text": "examines capital flows, which the authors describe  as quote the cleanest read on market players"}, {"start": "00:06:57", "end": "00:07:03", "text": "conviction after a downturn. By tracking capital  redeployments from smart money, that is investment"}, {"start": "00:07:03", "end": "00:07:09", "text": "funds, market makers, VCs, and top traders, we  could get a good sense of where big investors are"}, {"start": "00:07:09", "end": "00:07:13", "text": "positioning themselves. This is important because  it can often signal which areas of the crypto"}, {"start": "00:07:13", "end": "00:07:18", "text": "market are about to take off in the short term.  However, there is an important caveat and that's"}, {"start": "00:07:18", "end": "00:07:23", "text": "because even if a certain narrative is seeing huge  waves of capital, this doesn't necessarily mean a"}, {"start": "00:07:23", "end": "00:07:28", "text": "pump is coming. This capital could be going to  yield farming, liquidity provision, arbitrage,"}, {"start": "00:07:28", "end": "00:07:34", "text": "or even airdrop positioning. The authors note that  it's not always clear what's driving these flows"}, {"start": "00:07:34", "end": "00:07:40", "text": "and suggests using smart money movements to spot  selective opportunities. Basically, watching which"}, {"start": "00:07:40", "end": "00:07:44", "text": "narratives are attracting capital and focusing  on the projects within them that could pump."}, {"start": "00:07:44", "end": "00:07:49", "text": "The report highlights that since the October  liquidations, lots of capital has flown out"}, {"start": "00:07:49", "end": "00:07:55", "text": "of the BNB and Salana ecosystem into Ethereum's  ecosystem and its layer 2s. Arbitum and Ethereum"}, {"start": "00:07:55", "end": "00:08:00", "text": "itself are the outliers here with Arbitum having  seen huge capital inflows. Intriguingly though,"}, {"start": "00:08:00", "end": "00:08:05", "text": "the chart provided in the report suggests  that the base and optimism blockchains"}, {"start": "00:08:05", "end": "00:08:10", "text": "haven't gained any real capital flows, at least  not yet. As such, the authors note that quote,"}, {"start": "00:08:10", "end": "00:08:16", "text": "\"It might be prudent to keep an eye out for tokens  on base chain for potential inflection trades.\""}, {"start": "00:08:16", "end": "00:08:22", "text": "Not a bad shout. Although it is worth noting that  this report was written by Coinbase, which you'll"}, {"start": "00:08:22", "end": "00:08:27", "text": "know owns the base blockchain. So, it's probably  no coincidence that this particular paragraph of"}, {"start": "00:08:27", "end": "00:08:32", "text": "the report contains more hyperlinks and details  about speculative base projects than anywhere"}, {"start": "00:08:32", "end": "00:08:38", "text": "else in the report. You know, just saying. Next  though, the report explores smart money flows into"}, {"start": "00:08:38", "end": "00:08:44", "text": "different narratives. And since the cryptoc crash,  two clear winners have emerged. The first is yield"}, {"start": "00:08:44", "end": "00:08:50", "text": "protocols. As big investors reopen doubledigit  point boosted APYs. But of all the yield"}, {"start": "00:08:50", "end": "00:08:55", "text": "opportunities out there, staking and restaking  protocols are leading the pack, attracting the"}, {"start": "00:08:55", "end": "00:09:00", "text": "most capital and growing the fastest. A big reason  for this is Grayscale's launch of staked spot"}, {"start": "00:09:00", "end": "00:09:07", "text": "Ethereum and Salana ETFs last month. And with  more staked ETF applications on the way, this"}, {"start": "00:09:07", "end": "00:09:12", "text": "trend is showing no signs of slowing down. What  might surprise you is that the other big winner"}, {"start": "00:09:12", "end": "00:09:18", "text": "is the utility narrative, specifically NFTTS,  the metaverse, and crypto gaming. These sectors"}, {"start": "00:09:18", "end": "00:09:23", "text": "have seen huge smart money flows with momentum  outpacing almost every other narrative. So, if"}, {"start": "00:09:23", "end": "00:09:28", "text": "you're wondering which narrative could rally next,  this might give you a clue. Not financial advice,"}, {"start": "00:09:28", "end": "00:09:34", "text": "of course. This ties into the next part of the  report which states that quote stable coin flows"}, {"start": "00:09:34", "end": "00:09:40", "text": "also suggest we're seeing capital rotation rather  than a wall of new money. Put simply, this means"}, {"start": "00:09:40", "end": "00:09:45", "text": "that the money slloshing around in the crypto  market was already there. It's just rotating"}, {"start": "00:09:45", "end": "00:09:50", "text": "from one narrative to another. This is significant  because without that wall of new money flooding"}, {"start": "00:09:50", "end": "00:09:54", "text": "into the market, we can't expect altcoins across  the board to rally like they have in previous"}, {"start": "00:09:54", "end": "00:10:01", "text": "cycles. translation is that altcoin season is now  a dead concept and holding as a strategy doesn't"}, {"start": "00:10:01", "end": "00:10:07", "text": "work as it once did. The aim of the game now is to  find which narrative will be the next to capture"}, {"start": "00:10:07", "end": "00:10:12", "text": "investors attention at least until we see new  inflows. If you're wondering which narratives to"}, {"start": "00:10:12", "end": "00:10:18", "text": "watch, the report highlights tokenized real world  assets or RWA which have seen significant capital"}, {"start": "00:10:18", "end": "00:10:25", "text": "inflows. Last month, Black Rockck's Bidd Fund  deployed 1.5 billion split evenly between Polygon,"}, {"start": "00:10:25", "end": "00:10:30", "text": "Avalanche, and Aptos, which attracted tradefi  investors to tokenized treasuries that offer"}, {"start": "00:10:30", "end": "00:10:36", "text": "stable yields of 4 to 6%. Notably, Bidd leveraged  the strengths of each blockchain. Polygon for"}, {"start": "00:10:36", "end": "00:10:41", "text": "its scalability benefits, Avalanche for  its high transaction throughput subnets,"}, {"start": "00:10:41", "end": "00:10:46", "text": "and Apdos for its move language capabilities.  And as the authors explained, the fact that"}, {"start": "00:10:46", "end": "00:10:52", "text": "Black Rockck committed to expanding Biddpite  the market chaos underscores the RWA sector"}, {"start": "00:10:52", "end": "00:10:58", "text": "as one with serious growth potential. Okay, the  final part of this report zooms out of the crypto"}, {"start": "00:10:58", "end": "00:11:03", "text": "market and looks at the bigger picture. As authors  explain, quote, \"It's important not to forget that"}, {"start": "00:11:03", "end": "00:11:09", "text": "crypto is still trading within a highly complex  and increasingly risky macro environment.\" Wise"}, {"start": "00:11:09", "end": "00:11:15", "text": "words indeed. The report notes that last month's  sell-off wiped away much of the excess liquidity"}, {"start": "00:11:15", "end": "00:11:21", "text": "that's seen in the later stage of the crypto bull  market, which as we've already discussed is a good"}, {"start": "00:11:21", "end": "00:11:27", "text": "thing. That said, there are a few macro factors  that we need to keep in mind. Everything from"}, {"start": "00:11:27", "end": "00:11:33", "text": "geopolitical tensions, global fiscal deficits, the  valuations of other asset classes, and of course,"}, {"start": "00:11:33", "end": "00:11:40", "text": "tariffs. For starters, the report notes that even  though the Fed is cutting rates, 10-year bond"}, {"start": "00:11:40", "end": "00:11:46", "text": "yields aren't falling much, staying roughly around  4%. And since long-term yields have barely budged,"}, {"start": "00:11:46", "end": "00:11:52", "text": "investors have become complacent about slowly  rising yields. However, the authors warned"}, {"start": "00:11:52", "end": "00:11:57", "text": "that riskier assets like crypto and some  equities could take a hit if yields spike."}, {"start": "00:11:57", "end": "00:12:04", "text": "That said, if long-term rates rise due to real  economic strength rather than policy concerns,"}, {"start": "00:12:04", "end": "00:12:09", "text": "that's a sign of stronger fundamentals. A growing,  more efficient economy means companies can still"}, {"start": "00:12:09", "end": "00:12:16", "text": "earn more even with higher rates, which can offset  the negatives and ultimately support risk assets."}, {"start": "00:12:16", "end": "00:12:21", "text": "Interestingly, the authors believe that right  now economists everywhere are underestimating"}, {"start": "00:12:21", "end": "00:12:27", "text": "productivity levels partly because of the way that  AI has dramatically increased the efficiency of"}, {"start": "00:12:27", "end": "00:12:32", "text": "many businesses. Something that isn't captured in  official statistics. And if you want to learn more"}, {"start": "00:12:32", "end": "00:12:38", "text": "about how AI is impacting jobs, well, be sure to  check out that video right over here. In any case,"}, {"start": "00:12:38", "end": "00:12:44", "text": "this means interest rates may not affect crypto  as much as analysts think. Instead, crypto prices"}, {"start": "00:12:44", "end": "00:12:49", "text": "will mainly be driven by cryptosp specific  macro factors like market liquidity, investor"}, {"start": "00:12:49", "end": "00:12:56", "text": "positioning, the strength of the technology and  adoption, and any good news from regulators. The"}, {"start": "00:12:56", "end": "00:13:01", "text": "authors concluded by reiterating that the recent  liquidity flush has set the stage for crypto to"}, {"start": "00:13:01", "end": "00:13:06", "text": "grind higher. With bullish macro tailwinds like  the Fed's rate cuts and regulatory moves such as"}, {"start": "00:13:06", "end": "00:13:12", "text": "the Genius and Clarity Acts, they predict that  even though sentiment is pretty bleak right now,"}, {"start": "00:13:12", "end": "00:13:19", "text": "the crypto bull market could likely extend into Q1  2026. And with that, we've reached the end of this"}, {"start": "00:13:19", "end": "00:13:24", "text": "report. Remember, you could find the whole thing  in the description below. For now, though, there's"}, {"start": "00:13:24", "end": "00:13:28", "text": "just one question that everyone wants to know.  What does all of this mean for the crypto market?"}, {"start": "00:13:28", "end": "00:13:33", "text": "Well, in short, the brutal price action the last  few weeks could set the stage for bigger gains."}, {"start": "00:13:33", "end": "00:13:38", "text": "From a technical perspective, crypto appears to  have bottomed. As I record this, RSI levels on"}, {"start": "00:13:38", "end": "00:13:44", "text": "Bitcoin and most altcoins are at levels not seen  since the spring. And as you could hopefully see,"}, {"start": "00:13:44", "end": "00:13:49", "text": "every time the RSI has hit these levels, this has  marked the start of a major swing to the upside."}, {"start": "00:13:49", "end": "00:13:56", "text": "This means that BTC and other cryptos like ETH,  Soul, XRP, BNB could have bottomed and are close"}, {"start": "00:13:56", "end": "00:14:01", "text": "to another rally. And if the Coinbase report  is anything to go by, it may be worth paying"}, {"start": "00:14:01", "end": "00:14:06", "text": "attention to the Ethereum ecosystem, particularly  the layer 2 that have yet to see significant smart"}, {"start": "00:14:06", "end": "00:14:12", "text": "money inflows like Base, Optimism, and a handful  of others. It's also worth noting that Bitcoin"}, {"start": "00:14:12", "end": "00:14:18", "text": "dominance has fallen dramatically since June, but  has been slowly recovering since August. Even so,"}, {"start": "00:14:18", "end": "00:14:22", "text": "the long-term uptrend on Bitcoin dominance has  arguably been broken, suggesting that it could"}, {"start": "00:14:22", "end": "00:14:27", "text": "still continue to fall. Just remember that  this won't happen until there's a surge of"}, {"start": "00:14:27", "end": "00:14:32", "text": "new inflows. Recall that it's mostly the same  money slloshing around right now. This means"}, {"start": "00:14:32", "end": "00:14:36", "text": "that we need to be much more selective about the  cryptos we invest in and constantly be on the"}, {"start": "00:14:36", "end": "00:14:42", "text": "lookout for where this currently limited capital  could rotate to next. On that note, we couldn't"}, {"start": "00:14:42", "end": "00:14:48", "text": "help but notice that institutional investors  seem hyperfocused on RWA, some NFTts, gaming,"}, {"start": "00:14:48", "end": "00:14:53", "text": "and metverse narratives. This is intriguing  because the total market cap for NFTs plummeted"}, {"start": "00:14:53", "end": "00:14:59", "text": "nearly 50% throughout October but has reportedly  started to show signs of recovery. Tokenized real"}, {"start": "00:14:59", "end": "00:15:05", "text": "world assets are set to close the gap between  trade and crypto by bringing stable yieldbearing"}, {"start": "00:15:05", "end": "00:15:10", "text": "opportunities on chain allowing investors  to utilize DeFi to earn returns on bonds,"}, {"start": "00:15:10", "end": "00:15:16", "text": "credit, and treasuries. And according to another  report by DAP radar, Web3 gaming and DeFi were the"}, {"start": "00:15:16", "end": "00:15:21", "text": "most active sectors in October. Looks like the  smart money rally was in all the right places."}, {"start": "00:15:21", "end": "00:15:27", "text": "Naturally, a lot of what happens next relies on  market certainty. If Trump unexpectedly declares"}, {"start": "00:15:27", "end": "00:15:32", "text": "huge tariffs again, or if regulatory efforts  like the Clarity Act run into any roadblocks,"}, {"start": "00:15:32", "end": "00:15:37", "text": "then crypto prices will probably suffer. Fingers  crossed it doesn't come to that. For now, though,"}, {"start": "00:15:37", "end": "00:15:43", "text": "following the smart money might not be the worst  strategy. After all, we're just the uh dumb money,"}, {"start": "00:15:43", "end": "00:15:49", "text": "right? Anyway, that's quite enough from me. Now,  it's your turn. Do you feel re-energized or is all"}, {"start": "00:15:49", "end": "00:15:55", "text": "of this nothing more than just datadriven Hobbium?  Share your thoughts in the comments below. And if"}, {"start": "00:15:55", "end": "00:16:00", "text": "you want to learn why tokenized RWAS could be  the future of finance, well, you should check"}, {"start": "00:16:00", "end": "00:16:04", "text": "that video out right over here. And if you want  to see why the bearish sentiment could actually"}, {"start": "00:16:04", "end": "00:16:10", "text": "be bullish, well, check out that video right over  here. That's going to be all from me today. So,"}, {"start": "00:16:10", "end": "00:16:15", "text": "thank you so much for watching and I'll see  you in the next one. This is Louis signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Bitcoin has fallen below its 50week moving  average. It's had its first weekly close"}, {"start": "00:00:05", "end": "00:00:12", "text": "below $100,000 and it even plunged below $90,000  in early Asian hours, erasing all of its gains"}, {"start": "00:00:12", "end": "00:00:20", "text": "for 2025. Meanwhile, the fear and greed index has  collapsed to its lowest reading since the depths"}, {"start": "00:00:20", "end": "00:00:27", "text": "of the 2022 bare market. Yet, beneath the surface  of this retail panic, the onchain fundamentals"}, {"start": "00:00:27", "end": "00:00:34", "text": "tell a very different story. Exchange reserves are  at a 7-year low. Global liquidity is near all-time"}, {"start": "00:00:34", "end": "00:00:41", "text": "highs. And key metrics are signaling accumulation,  not capitulation. And this striking divergence"}, {"start": "00:00:41", "end": "00:00:48", "text": "between market fear and onchain strength raises  a crucial question. Is this just a brutal"}, {"start": "00:00:48", "end": "00:00:54", "text": "leveragefueled shakeout before the next explosive  leg up? Or have we officially entered a crypto"}, {"start": "00:00:54", "end": "00:01:00", "text": "bare market? That's why today we're going to  dissect the anatomy of Bitcoin's perplexing price"}, {"start": "00:01:00", "end": "00:01:06", "text": "action. We'll define what a bare market really  is in both traditional finance and crypto terms."}, {"start": "00:01:06", "end": "00:01:12", "text": "And we'll dive deep into the technical onchain and  macro indicators to see if we've actually crossed"}, {"start": "00:01:12", "end": "00:01:18", "text": "over that threshold. And finally, we'll look at  the key levels, catalysts, and dangerous headwinds"}, {"start": "00:01:18", "end": "00:01:24", "text": "on the horizon that could decide Bitcoin's fate  in 2026. My name is Nick and you're watching the"}, {"start": "00:01:24", "end": "00:01:30", "text": "Coin Bureau. First up though, I'm not a financial  adviser and nothing in this video is financial"}, {"start": "00:01:30", "end": "00:01:35", "text": "advice. It's educational content designed to  help you understand the forces shaping the"}, {"start": "00:01:35", "end": "00:01:41", "text": "crypto market. And if that sounds good, prove it  by punching that like button and let's get into"}, {"start": "00:01:41", "end": "00:01:48", "text": "it. So, what actually just happened? To understand  the current fear, we have to rewind. Just 6 weeks"}, {"start": "00:01:48", "end": "00:01:56", "text": "back on October 6th, Bitcoin was printing a fresh  all-time high of over $126,000 and the market was"}, {"start": "00:01:56", "end": "00:02:03", "text": "euphoric. But that euphoria was short-lived. The  turning point came on October 10th when a flash"}, {"start": "00:02:03", "end": "00:02:09", "text": "crash triggered by US China trade tensions sparked  one of the largest liquidation events in crypto"}, {"start": "00:02:09", "end": "00:02:16", "text": "history, wiping out over $19 billion in leveraged  positions. Then on November 4th, Bitcoin broke"}, {"start": "00:02:16", "end": "00:02:24", "text": "below the key psychological level of $100,000, the  first time since June, and the selling accelerated"}, {"start": "00:02:24", "end": "00:02:30", "text": "through mid November, culminating in a plunge  below $90,000 during early Asian trading hours"}, {"start": "00:02:30", "end": "00:02:39", "text": "on Tuesday, November 18th. At its low of $89,420,  Bitcoin was down a staggering 29% from its peak."}, {"start": "00:02:39", "end": "00:02:47", "text": "So, what gives? Well, this wasn't a single event,  but a perfect storm of negative catalysts. First,"}, {"start": "00:02:47", "end": "00:02:52", "text": "the Federal Reserve slammed the brakes on market  optimism. Just a month ago, traders were pricing"}, {"start": "00:02:52", "end": "00:02:58", "text": "in a 95% chance of a December interest rate cut.  But after a series of hawkish comments from Fed"}, {"start": "00:02:58", "end": "00:03:06", "text": "officials, those odds collapsed to less than 50%,  sending a shock wave through risk assets. Second,"}, {"start": "00:03:06", "end": "00:03:12", "text": "a US government shutdown created a liquidity  vacuum with market watchers. noting it was one of"}, {"start": "00:03:12", "end": "00:03:18", "text": "the driest periods for fiscal liquidity in years.  And third, the institutional buyers who fueled the"}, {"start": "00:03:18", "end": "00:03:24", "text": "rally suddenly turned into sellers. Spot Bitcoin  ETFs, which had absorbed billions, saw a net"}, {"start": "00:03:24", "end": "00:03:30", "text": "outflow of nearly $2.8 billion in November. Put  all of it together, and you get a market purged"}, {"start": "00:03:30", "end": "00:03:36", "text": "not by a crisis of faith, but by a crisis of  leverage. over a billion dollars in liquidations"}, {"start": "00:03:36", "end": "00:03:42", "text": "on November 4th, another 1.1 billion on the  14th, and another billion on the 18th. This was"}, {"start": "00:03:42", "end": "00:03:49", "text": "a mechanical forced deleveraging event. But with  a 29% drop from the highs, does that mean we're"}, {"start": "00:03:49", "end": "00:03:55", "text": "now in a bare market? Well, the answer is more  complicated than you might think. In traditional"}, {"start": "00:03:55", "end": "00:04:01", "text": "finance, the definition is quite clear. A bare  market is widely considered to be a drop of 20%"}, {"start": "00:04:01", "end": "00:04:08", "text": "or more from a recent peak in a major index like  the S&P 500. The 20% figure is somewhat arbitrary,"}, {"start": "00:04:08", "end": "00:04:14", "text": "but it serves as a psychological line in the  sand, signaling a significant shift in investor"}, {"start": "00:04:14", "end": "00:04:20", "text": "sentiment and the growing risk of a recession.  Since World War II, the average stock market bear"}, {"start": "00:04:20", "end": "00:04:27", "text": "has seen a decline of about 30% and has lasted  around 13 months. But here's the thing. A 20%"}, {"start": "00:04:27", "end": "00:04:32", "text": "drop in crypto is just a Tuesday. The volatility  is so immense that applying the same yard stick"}, {"start": "00:04:32", "end": "00:04:39", "text": "is almost meaningless. In crypto, the key word  in the definition is prolonged. A 20% dip over"}, {"start": "00:04:39", "end": "00:04:45", "text": "a week isn't a bare market, it's a correction. A  true bare market requires a sustained downtrend"}, {"start": "00:04:45", "end": "00:04:51", "text": "lasting at least a few months and confirmed by  a breakdown in key market structures. So where"}, {"start": "00:04:51", "end": "00:04:57", "text": "does this leave us? By Wall Street's definition,  yes, Bitcoin is technically in a bare market,"}, {"start": "00:04:57", "end": "00:05:02", "text": "but by crypto's more battleh hardened standards,  it's in a severe midcycle correction that is"}, {"start": "00:05:02", "end": "00:05:08", "text": "knocking on the door of a bare market. And to  see if that door is about to swing wide open,"}, {"start": "00:05:08", "end": "00:05:13", "text": "we need to look at the technicals. And the most  glaring warning sign is the 50we exponential"}, {"start": "00:05:13", "end": "00:05:21", "text": "moving average or EMA. For nearly two years, this  line, currently sitting around $11,000, has acted"}, {"start": "00:05:21", "end": "00:05:27", "text": "as the backbone of the bull market. Every dip  towards it was bought up. And last week, we closed"}, {"start": "00:05:27", "end": "00:05:34", "text": "below it for the first time, a major structural  breakdown. And then there's the dreaded death"}, {"start": "00:05:34", "end": "00:05:40", "text": "cross. On November 16th, Bitcoin's 50-day moving  average crossed below its 200-day moving average,"}, {"start": "00:05:40", "end": "00:05:47", "text": "a classic bearish signal. But here's where context  is king. This is the fourth death cross of this"}, {"start": "00:05:47", "end": "00:05:54", "text": "bull cycle. And in the previous three instances  in September 2023, August 2024, and April 2025,"}, {"start": "00:05:54", "end": "00:06:00", "text": "the death cross actually marked the late stages  of the correction right near the local bottom."}, {"start": "00:06:00", "end": "00:06:06", "text": "Coincidence? I think not. And it seems the market  has been using this widely feared signal as a"}, {"start": "00:06:06", "end": "00:06:12", "text": "liquidity grabbing event before reversing higher.  Adding to this contrarian view is the relative"}, {"start": "00:06:12", "end": "00:06:19", "text": "strength index or RSI and it's currently sitting  at 29 firmly in oversold territory. Historically"}, {"start": "00:06:19", "end": "00:06:25", "text": "readings this low have preceded significant  relief bounces. So the technicals are sending"}, {"start": "00:06:25", "end": "00:06:31", "text": "conflicting signals a major structural breakdown  on the weekly chart but potentially botm signals"}, {"start": "00:06:31", "end": "00:06:39", "text": "on the daily. Now technical show us the what.  But to understand the why we need to go onchain."}, {"start": "00:06:39", "end": "00:06:43", "text": "And if you're looking to trade this volatility or  perhaps buy this step, then you have to check out"}, {"start": "00:06:43", "end": "00:06:49", "text": "the Coin Bureau deals page. That's where you will  find exchange signup bonuses of up to $100,000,"}, {"start": "00:06:49", "end": "00:06:55", "text": "trading fee discounts of up to 50%, and  deposit cash backs of up to 75% on the best"}, {"start": "00:06:55", "end": "00:07:00", "text": "crypto exchanges around. Just hit the link in the  description or scan this QR code, which will take"}, {"start": "00:07:00", "end": "00:07:05", "text": "you right to the deals page. There you'll see all  of our offers across a range of exchange partners."}, {"start": "00:07:05", "end": "00:07:10", "text": "Simply click one of these sign up now buttons  and these should take you right to the deal. Now,"}, {"start": "00:07:10", "end": "00:07:15", "text": "these deals won't be around forever, so take  advantage of them while you still can again"}, {"start": "00:07:15", "end": "00:07:21", "text": "by hitting the link in the description or scanning  the QR code. Back to the video. Now, if you looked"}, {"start": "00:07:21", "end": "00:07:26", "text": "at sentiment, you'd be running for the hills. The  crypto fear and greed index recently plunged to a"}, {"start": "00:07:26", "end": "00:07:32", "text": "reading of 10 deep in extreme fear territory. And  this is the lowest reading since the FTX collapse"}, {"start": "00:07:32", "end": "00:07:39", "text": "in 2022, signaling absolute terror among retail  investors. But as Warren Buffett famously said,"}, {"start": "00:07:39", "end": "00:07:44", "text": "the time to be greedy is when others are  fearful. And when we look at the onchain"}, {"start": "00:07:44", "end": "00:07:49", "text": "data, a powerful bullish counternarrative  emerges. Let's start with exchange reserves."}, {"start": "00:07:49", "end": "00:07:55", "text": "Despite the price crash, the amount of Bitcoin  held on exchanges has continued to plummet,"}, {"start": "00:07:55", "end": "00:08:01", "text": "hitting a 7-year low of just 2.38 million Bitcoin.  And this is not what happens at the start of a"}, {"start": "00:08:01", "end": "00:08:07", "text": "bare market. Bare markets begin when holders rush  to deposit their coins onto exchanges so they can"}, {"start": "00:08:07", "end": "00:08:12", "text": "sell them. What we are seeing is the opposite,  a relentless draining of available supply,"}, {"start": "00:08:12", "end": "00:08:18", "text": "setting the stage for a potential supply shock.  Next, we have the MVRV ratio, which compares"}, {"start": "00:08:18", "end": "00:08:24", "text": "Bitcoin's market value to its realized value. And  think of it as a gauge of the market's overall"}, {"start": "00:08:24", "end": "00:08:30", "text": "profitability. Historically, cycle tops occur when  the MVRV is above three, indicating widespread"}, {"start": "00:08:30", "end": "00:08:37", "text": "euphoria. Bare market bottoms happen when it drops  below one, signaling mass capitulation. Right now,"}, {"start": "00:08:37", "end": "00:08:44", "text": "the MVRV is sitting at about 1.8, and this isn't a  euphoric top or a capitulation bottom. Uh, this is"}, {"start": "00:08:44", "end": "00:08:51", "text": "a reading consistent with a midcycle accumulation  phase. But what about all of those OGs? Are the"}, {"start": "00:08:51", "end": "00:08:58", "text": "long-term holders finally cashing out? Well,  yes and no. Onchain data shows long-term holders"}, {"start": "00:08:58", "end": "00:09:04", "text": "have distributed around 400,000 Bitcoin over  the past month. And that sounds like a lot,"}, {"start": "00:09:04", "end": "00:09:10", "text": "but it's crucial to put it into perspective. This  level of distribution is nowhere near the scale"}, {"start": "00:09:10", "end": "00:09:18", "text": "we saw at previous cycle tops. In fact, over 70%  of Bitcoin's total supply is still held by these"}, {"start": "00:09:18", "end": "00:09:24", "text": "long-term high conviction investors. So, we have  a paradox. Retail sentiment is in the gutter,"}, {"start": "00:09:24", "end": "00:09:30", "text": "but the onchain fundamentals look like a  coiled spring. The tiebreaker, as always,"}, {"start": "00:09:30", "end": "00:09:37", "text": "is the macro environment. And here, too, the data  argues against a prolonged bare market. First,"}, {"start": "00:09:37", "end": "00:09:42", "text": "let's look at the US dollar index or the Dixie.  Historically, Bitcoin has had a strong inverse"}, {"start": "00:09:42", "end": "00:09:48", "text": "correlation with the dollar. A strong dollar sucks  liquidity from global markets, hurting risk assets"}, {"start": "00:09:48", "end": "00:09:54", "text": "like crypto. A weak dollar does the opposite.  And right now, the Dixie is significantly weak,"}, {"start": "00:09:54", "end": "00:10:00", "text": "trading well below its 365day moving  average. And this is a tailwind for Bitcoin,"}, {"start": "00:10:00", "end": "00:10:06", "text": "not a headwind. And then there's the big one,  global liquidity. Often measured by the M2"}, {"start": "00:10:06", "end": "00:10:12", "text": "money supply. And Bitcoin's price is notoriously  sensitive to global liquidity, which recently hit"}, {"start": "00:10:12", "end": "00:10:17", "text": "a record high. There is typically a lag of about  3 months between liquidity injections and their"}, {"start": "00:10:17", "end": "00:10:24", "text": "impact on asset prices. And this suggests that the  fuel for the next rally is already in the tank."}, {"start": "00:10:24", "end": "00:10:30", "text": "We're just waiting for the spark. And that spark  could come very soon. Over the next two months,"}, {"start": "00:10:30", "end": "00:10:36", "text": "we have a series of massive potential catalysts.  The single most important event is the Federal"}, {"start": "00:10:36", "end": "00:10:42", "text": "Reserve's FOMC meeting on December 9th and 10th.  The market is currently pricing in a coin toss"}, {"start": "00:10:42", "end": "00:10:48", "text": "on whether they will cut rates again or hold them  steady. A surprise cut could reignite the market,"}, {"start": "00:10:48", "end": "00:10:54", "text": "while a hawkish hold could lead to another leg  down. We also have a Supreme Court decision on"}, {"start": "00:10:54", "end": "00:10:59", "text": "tariffs expected in December or January, which  could inject serious volatility. And finally,"}, {"start": "00:10:59", "end": "00:11:06", "text": "we have classic year-end market dynamics. We could  see further selling pressure in late December due"}, {"start": "00:11:06", "end": "00:11:12", "text": "to tax loss harvesting, but this often sets  the stage for a January effect where fresh"}, {"start": "00:11:12", "end": "00:11:18", "text": "capital is deployed at the start of the new year  sparking a rebound. Of course, the risks are just"}, {"start": "00:11:18", "end": "00:11:24", "text": "as real. A hawkish Fed is the number one threat  and we also have lingering concerns about minor"}, {"start": "00:11:24", "end": "00:11:30", "text": "capitulation with firms like Bit Farms pivoting  away from mining due to financial stress. And"}, {"start": "00:11:30", "end": "00:11:36", "text": "while the Mount Gox repayment deadline has been  pushed to October 2026, any large movements from"}, {"start": "00:11:36", "end": "00:11:42", "text": "their wallets still have the potential to spook  the market. So let's bring all of this together."}, {"start": "00:11:42", "end": "00:11:49", "text": "Are we in a bare market? By the traditional  20% definition and the technical break of the"}, {"start": "00:11:49", "end": "00:11:55", "text": "50we moving average, the bearish case is strong.  These are undeniable warning signs that should"}, {"start": "00:11:55", "end": "00:12:03", "text": "not be ignored. However, the onchain data paints a  completely different picture, one of accumulation,"}, {"start": "00:12:03", "end": "00:12:10", "text": "extreme supply scarcity, and a profound lack of  the euphoria that defines a true cycle top. This"}, {"start": "00:12:10", "end": "00:12:18", "text": "does not look like your 2018 or 2022 bare market.  This looks more like a severe midcycle correction"}, {"start": "00:12:18", "end": "00:12:23", "text": "amplified by a massive leverage flush out. The  battle for the next few months will be fought"}, {"start": "00:12:23", "end": "00:12:29", "text": "between the bearish technicals and the bullish  onchain fundamentals with the Fed's December"}, {"start": "00:12:29", "end": "00:12:35", "text": "decision likely being the deciding factor. So  what are the key levels to watch? On the downside,"}, {"start": "00:12:35", "end": "00:12:43", "text": "the zone between 88,000 and 94,000 is now critical  support. This area represents the cost basis for"}, {"start": "00:12:43", "end": "00:12:49", "text": "many institutional buyers. A decisive break below  this could open the door to a deeper retest of the"}, {"start": "00:12:49", "end": "00:12:58", "text": "low80,000s or even the April lows around $76,000.  To the upside, the bull's first job is to reclaim"}, {"start": "00:12:58", "end": "00:13:05", "text": "the $100,000 to $11,000 region. Getting back  above that 50week EMA is the essential first"}, {"start": "00:13:05", "end": "00:13:11", "text": "step to restoring the bull market structure.  And while the short-term picture looks messy,"}, {"start": "00:13:11", "end": "00:13:17", "text": "it's worth remembering where the smart money  thinks we're headed. JP Morgan has a 2026 price"}, {"start": "00:13:17", "end": "00:13:26", "text": "target near $170,000. Bernstein is forecasting  $200,000 and Standard Charted is calling for a"}, {"start": "00:13:26", "end": "00:13:34", "text": "staggering $300,000 in 2026. And this suggests  that even if we see more short-term pain,"}, {"start": "00:13:34", "end": "00:13:41", "text": "the largest players in finance are betting on a  much much higher future. The dream of a bullish"}, {"start": "00:13:41", "end": "00:13:48", "text": "end to this cycle isn't dead. It's just been  severely tested. But what do you think? Is this"}, {"start": "00:13:48", "end": "00:13:55", "text": "the final brutal shakeout before a new all-time  high? Or is the bear officially here to stay? Let"}, {"start": "00:13:55", "end": "00:14:00", "text": "us know your take in the comments down below. And  if you want a deeper dive into how institutional"}, {"start": "00:14:00", "end": "00:14:06", "text": "ETF flows are fundamentally changing this market,  then check out our video on that right over here."}, {"start": "00:14:06", "end": "00:14:12", "text": "Thank you all so much for watching and I'll see  you again very soon. This is Nick signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Love him or hate him, there is no denying  it. President Trump is one of crypto's most"}, {"start": "00:00:05", "end": "00:00:11", "text": "influential figures. What few in crypto talk  about though is how he and his family have"}, {"start": "00:00:11", "end": "00:00:17", "text": "quietly profited from the very industry he's  helped promote. So the question is, are we"}, {"start": "00:00:17", "end": "00:00:24", "text": "seeing the dawn of a bold crypto-powered future  or just another case of political opportunism?"}, {"start": "00:00:24", "end": "00:00:30", "text": "Today, we're breaking down a bombshell report with  the answers and telling you what it could mean for"}, {"start": "00:00:30", "end": "00:00:37", "text": "the crypto industry. My name is Guy. Stay tuned.  First up though, I'm not a financial adviser and"}, {"start": "00:00:37", "end": "00:00:42", "text": "nothing in this video is financial or investment  advice. It's just educational content intended to"}, {"start": "00:00:42", "end": "00:00:48", "text": "inform you about Trump's crypto ties. So, if that  sounds good, prove it by punching that like button"}, {"start": "00:00:48", "end": "00:00:54", "text": "and let's get into it. Now, the report we'll be  summarizing for you today comes from Reuters, and"}, {"start": "00:00:54", "end": "00:01:00", "text": "it is titled, quote, \"Inside the Trump family's  global crypto cash machine.\" We'll leave a link"}, {"start": "00:01:00", "end": "00:01:05", "text": "to the full report for you in the description  if you're interested. It's behind a payw wall,"}, {"start": "00:01:05", "end": "00:01:10", "text": "but don't worry, you'll have the juiciest  highlights right here in this video. So,"}, {"start": "00:01:10", "end": "00:01:16", "text": "the report begins with an eyewatering statistic.  In the first half of 2025 alone, the Trump family"}, {"start": "00:01:16", "end": "00:01:23", "text": "allegedly made over $800 million from sales of  crypto assets on top of potentially billions of"}, {"start": "00:01:23", "end": "00:01:30", "text": "dollars in unrealized paper gains. However, most  of this isn't because of the president himself,"}, {"start": "00:01:30", "end": "00:01:36", "text": "but because of his sons, particularly Eric and  Don Jr. Back in May, Eric Trump was on a family"}, {"start": "00:01:36", "end": "00:01:42", "text": "business trip in Dubai, where he allegedly  met with a Chinese businessman named Guran,"}, {"start": "00:01:42", "end": "00:01:49", "text": "aka Bobby Zoo, on the sidelines of token 2049.  Eric discussed the failings of traditional banking"}, {"start": "00:01:49", "end": "00:01:55", "text": "and the obstacles that he and his father have  experienced. Eric then made Bobby one hell of"}, {"start": "00:01:55", "end": "00:02:02", "text": "a proposition. buy $20 million worth of WLFI, the  native token for the Trump family's DeFi project,"}, {"start": "00:02:02", "end": "00:02:08", "text": "World Liberty Financial, and help shape the  future of American finance. Eric explained what"}, {"start": "00:02:08", "end": "00:02:14", "text": "the platform intends to offer, a stable coin and  a cross-chain bridge, both now live, along with an"}, {"start": "00:02:14", "end": "00:02:20", "text": "exchange and a borrowing and lending platform,  which are still in development. Note that it's"}, {"start": "00:02:20", "end": "00:02:26", "text": "not clear when these features will be rolled out.  Anyway, despite this DeFi platform missing most of"}, {"start": "00:02:26", "end": "00:02:33", "text": "its DeFi elements, investments came pouring in. In  June, one of Bobby's firms, the Aqua 1 Foundation,"}, {"start": "00:02:33", "end": "00:02:41", "text": "announced it would buy $100 million worth of WLFI,  the largest purchase at the time. But Dubai was"}, {"start": "00:02:41", "end": "00:02:47", "text": "just one stop on a global tour. Around the time  of the presidential elections, Eric and Donald Jr."}, {"start": "00:02:47", "end": "00:02:53", "text": "traveled across Europe, the Middle East, and Asia,  promoting World Liberty Financial alongside other"}, {"start": "00:02:53", "end": "00:02:59", "text": "Trump Organization ventures. To say their sales  pitch was successful would be an understatement."}, {"start": "00:02:59", "end": "00:03:07", "text": "The Trump Organization's income skyrocketed from  $51 million last year to a staggering $864 million"}, {"start": "00:03:07", "end": "00:03:16", "text": "in the first half of 2025 alone, a 17x increase.  90% of that total, specifically $82 million,"}, {"start": "00:03:16", "end": "00:03:22", "text": "allegedly came from the Trump family's  crypto ventures, including WLFI token sales."}, {"start": "00:03:22", "end": "00:03:29", "text": "What's crazy, though, is that this $864 million  represents free cash flowing income. A whopping"}, {"start": "00:03:29", "end": "00:03:36", "text": "$466 million of this allegedly came exclusively  from World Liberty Financial, and this includes"}, {"start": "00:03:36", "end": "00:03:44", "text": "$75 million from the $100 million Aqua 1 deal  mentioned earlier. since 75% of revenue from WLFI"}, {"start": "00:03:44", "end": "00:03:49", "text": "token sales is funneled to a Trump Organization  entity according to the small print on World"}, {"start": "00:03:49", "end": "00:03:55", "text": "Liberty's website. But of course, WLFI isn't the  only Trumpbacked token. As you'll know, there's"}, {"start": "00:03:55", "end": "00:04:01", "text": "also the Trump memecoin, which launched just days  before the president's inauguration. The report"}, {"start": "00:04:01", "end": "00:04:08", "text": "estimates the Trump family allegedly earned $336  million from Trump token sales, although the lack"}, {"start": "00:04:08", "end": "00:04:14", "text": "of transparency around the memecoin makes these  figures less certain. The report adds that quote,"}, {"start": "00:04:14", "end": "00:04:20", "text": "\"WFI tokens offer holders little beyond a limited  say in the business's plans, unlike governance"}, {"start": "00:04:20", "end": "00:04:27", "text": "tokens for similar projects, and says the Trump  memecoin only has value as a collectible tied to"}, {"start": "00:04:27", "end": "00:04:32", "text": "Trump's name. In other words, a celebrity coin.  Ironically though, the report completely fails"}, {"start": "00:04:32", "end": "00:04:39", "text": "to mention or factor in the Melania memecoin that  launched shortly afterward. This is the first of"}, {"start": "00:04:39", "end": "00:04:45", "text": "many clues that the authors are somewhat biased  against Trump and not particularly knowledgeable"}, {"start": "00:04:45", "end": "00:04:50", "text": "about crypto either. Keep this in mind as we  continue. And if you happen to be thinking that"}, {"start": "00:04:50", "end": "00:04:55", "text": "you want to trade these Trump cryptos, then  check out the Coin Bureau deals page. That's"}, {"start": "00:04:55", "end": "00:05:01", "text": "where you'll find exchange signup bonuses of up to  $100,000, trading fee discounts of up to 50% and"}, {"start": "00:05:01", "end": "00:05:08", "text": "deposit cash backs of up to 75% on the best crypto  exchanges. Just hit the link in the description or"}, {"start": "00:05:08", "end": "00:05:14", "text": "scan this QR code, which will take you to the  deals page. There you'll see all of our offers"}, {"start": "00:05:14", "end": "00:05:19", "text": "across a range of exchange partners. Simply click  one of these sign up now buttons, and that should"}, {"start": "00:05:19", "end": "00:05:24", "text": "take you right to the deal. Now, these deals won't  be around forever, though, so take advantage while"}, {"start": "00:05:24", "end": "00:05:30", "text": "you can using the link in the description below  or by scanning the QR code on screen now. Okay,"}, {"start": "00:05:30", "end": "00:05:36", "text": "the next part of the report takes a closer look  at World Liberty Financials investors. This is"}, {"start": "00:05:36", "end": "00:05:41", "text": "where those biases I just mentioned start to creep  through. Heck, the section is literally titled,"}, {"start": "00:05:41", "end": "00:05:48", "text": "quote, legal but unethical. The authors note  that quote the identities of most buyers of"}, {"start": "00:05:48", "end": "00:05:55", "text": "the WLFI tokens are hidden behind opaque wallet  addresses before adding that quote among the few"}, {"start": "00:05:55", "end": "00:06:00", "text": "major buyers whose identities are known most have  histories of legal and regulatory entanglements"}, {"start": "00:06:00", "end": "00:06:06", "text": "related to their business endeavors. Interesting  choice of words, especially since the WLFI token"}, {"start": "00:06:06", "end": "00:06:13", "text": "sale technically required KYC. So all of these  investors are actually known. Anyhow, the authors"}, {"start": "00:06:13", "end": "00:06:19", "text": "claim they interviewed six entrepreneurs who met  with the Trump brothers, five of whom admitted"}, {"start": "00:06:19", "end": "00:06:23", "text": "that their goal was to gain proximity to the  president, hoping to profit from new business"}, {"start": "00:06:23", "end": "00:06:29", "text": "opportunities and leverage Trump's political  and financial influence. For others, however,"}, {"start": "00:06:29", "end": "00:06:35", "text": "merely cashing in on the Trump brand was simply  too tempting to ignore. For example, investment"}, {"start": "00:06:35", "end": "00:06:42", "text": "firm Audana Ventures aped into WLFI despite its  founder Dorji Rabton having never spoken to the"}, {"start": "00:06:42", "end": "00:06:47", "text": "brothers directly. According to Rabbon, quote, \"In  the first very moment where we saw the project,"}, {"start": "00:06:47", "end": "00:06:52", "text": "we thought it's going to be very huge. Obviously,  given the fact that it's a president's sons taking"}, {"start": "00:06:52", "end": "00:06:58", "text": "up that project, this is where the ethics around  Trump's crypto ventures get rather sketchy."}, {"start": "00:06:58", "end": "00:07:04", "text": "That's because several government ethics experts  alleged the president's role in crypto, combined"}, {"start": "00:07:04", "end": "00:07:09", "text": "with his position overseeing crypto policy,  present a conflict of interest unprecedented"}, {"start": "00:07:09", "end": "00:07:14", "text": "in modern history. As one expert put it, quote,  \"These people are not pouring money into the"}, {"start": "00:07:14", "end": "00:07:19", "text": "coffers of the Trump family business because of  the brother's acumen. They are doing it because"}, {"start": "00:07:19", "end": "00:07:25", "text": "they want freedom from legal constraints and  impunity that only the president can deliver.\""}, {"start": "00:07:25", "end": "00:07:31", "text": "Put differently, people are making Trump related  investments to buy special treatment. However,"}, {"start": "00:07:31", "end": "00:07:37", "text": "there's an important caveat. Unless investors were  explicitly promised favorable treatment, the Trump"}, {"start": "00:07:37", "end": "00:07:43", "text": "family hasn't broken any laws. The White House  has also repeatedly denied conflicts of interest,"}, {"start": "00:07:43", "end": "00:07:48", "text": "noting the president placed his businesses in a  trust managed by his children, although he would"}, {"start": "00:07:48", "end": "00:07:54", "text": "regain access to the Trump Organization's funds  immediately upon leaving office. But back to"}, {"start": "00:07:54", "end": "00:08:01", "text": "World Liberty Financial, as mentioned earlier, the  protocol has yet to release many of its features."}, {"start": "00:08:01", "end": "00:08:07", "text": "Instead, the project's leadership has been laser  focused on promoting USD1 since March. Now,"}, {"start": "00:08:07", "end": "00:08:13", "text": "for context, USD1 is World Liberty's flagship  stable coin, though it's issued and legally"}, {"start": "00:08:13", "end": "00:08:18", "text": "managed by BitGo, which pays World Liberty a  share of its profits. The authors then make a few"}, {"start": "00:08:18", "end": "00:08:24", "text": "observations that arguably reveal their limited  crypto knowledge. First, they note that USD1's"}, {"start": "00:08:24", "end": "00:08:31", "text": "circulation is dwarfed by other market leaders  such as USDT and USDC, but this is to be expected."}, {"start": "00:08:31", "end": "00:08:38", "text": "USD1 is a baby, having only launched in April.  Conversely, USDT is 11 years old and USDC is 7"}, {"start": "00:08:38", "end": "00:08:44", "text": "years old. Then, the authors say that while WLFI  holders can vote on limited governance matters,"}, {"start": "00:08:44", "end": "00:08:49", "text": "they can't award themselves a share of the  profits, which they say is quote unusual among"}, {"start": "00:08:49", "end": "00:08:55", "text": "peer-to-peer crypto lending platforms. According  to two academics who study crypto markets,"}, {"start": "00:08:55", "end": "00:09:01", "text": "news flash, most projects explicitly avoid profit  sharing because it invites regulatory scrutiny"}, {"start": "00:09:01", "end": "00:09:07", "text": "and creates centralization risks where whales are  given disproportionate voting power. The fact the"}, {"start": "00:09:07", "end": "00:09:13", "text": "authorities say they spoke to experts about this  raises more questions than answers. In any case,"}, {"start": "00:09:13", "end": "00:09:19", "text": "the report also notes how Trump is reshaping US  crypto policy. Since reclaiming his old job, he"}, {"start": "00:09:19", "end": "00:09:25", "text": "has upended the regulatory landscape, paving the  way for crypto innovation. The Justice Department"}, {"start": "00:09:25", "end": "00:09:31", "text": "dismantled its crypto enforcement team, Operation  Chokepoint 2.0 was choked out, and the SEC has"}, {"start": "00:09:31", "end": "00:09:36", "text": "dropped multiple high-profile lawsuits against  crypto companies. The authors then note that,"}, {"start": "00:09:36", "end": "00:09:42", "text": "quote, World Liberty conveys the impression of  a presidential connection with Trump listed as"}, {"start": "00:09:42", "end": "00:09:48", "text": "co-founder emmeritus, essentially an honorary  title. The other co-founder is billionaire"}, {"start": "00:09:48", "end": "00:09:53", "text": "real estate investor Steven Witoff, though the  website's fine print states both positions were"}, {"start": "00:09:53", "end": "00:10:01", "text": "quote removed upon taking office. However, the  president's sons, Eric Donald Jr. and Baron Trump,"}, {"start": "00:10:01", "end": "00:10:07", "text": "are listed as active co-founders along with  Witoff's sons, Zack and Alex. Notably, Zach"}, {"start": "00:10:07", "end": "00:10:14", "text": "has actively helped the Trump brothers promote the  protocol and its WLFI token. Thanks to these token"}, {"start": "00:10:14", "end": "00:10:21", "text": "sales, the Trump family has allegedly earned  almost $1 billion, if not more. And in early"}, {"start": "00:10:21", "end": "00:10:30", "text": "August, a small blockchain services company called  Alt 5 Sigma raised $750 million to help buy 7.5%"}, {"start": "00:10:30", "end": "00:10:37", "text": "of WLFI's supply, massively outmatching that $100  million purchase by the Aqua 1 Foundation that I"}, {"start": "00:10:37", "end": "00:10:43", "text": "mentioned earlier. Now, because 75% of WLFI  fees are funneled to the Trump Organization,"}, {"start": "00:10:43", "end": "00:10:50", "text": "the family stood to gain roughly $500 million.  The following day, Eric told Fox News, quote,"}, {"start": "00:10:50", "end": "00:10:56", "text": "\"It is an incredibly exciting time.\" You don't  say. Old Five Sigma likely doesn't share that"}, {"start": "00:10:56", "end": "00:11:02", "text": "excitement, though. Its stock tanked by 75%,  which frankly isn't surprising. Not exactly"}, {"start": "00:11:02", "end": "00:11:08", "text": "the most strategic use of investor capital. The  report also notes that the Trump family's assets"}, {"start": "00:11:08", "end": "00:11:15", "text": "include any Trump and WLFI tokens they still hold,  plus shares in Trump Media and Technology Group,"}, {"start": "00:11:15", "end": "00:11:20", "text": "which runs Trump's social media platform, Truth  Social, which now also dabbles in crypto. The"}, {"start": "00:11:20", "end": "00:11:27", "text": "report's authors estimate the paper value of  these assets could exceed $11 billion. Now,"}, {"start": "00:11:27", "end": "00:11:32", "text": "the next part of the report examines some of  World Liberty Financials shadier dealings,"}, {"start": "00:11:32", "end": "00:11:38", "text": "particularly with foreign investors. The authors  note that WLFI token sales began in October last"}, {"start": "00:11:38", "end": "00:11:45", "text": "year, but US sales were slow because SEC rules  limited participation to wealthy investors,"}, {"start": "00:11:45", "end": "00:11:50", "text": "effectively shutting out the little guy. Sales  outside the US weren't much better either,"}, {"start": "00:11:50", "end": "00:11:55", "text": "largely because the Trump family self-imposed  ethical guidelines during Trump's first term"}, {"start": "00:11:55", "end": "00:12:02", "text": "that effectively barred overseas business. So just  days after Trump's inauguration, the organization"}, {"start": "00:12:02", "end": "00:12:09", "text": "revised these rules and removed the restriction.  Coincidence? I think not. As a result,"}, {"start": "00:12:09", "end": "00:12:16", "text": "foreign investment surged. Crypto analytics firm  Nansen found that among the top 50 WLFI holders,"}, {"start": "00:12:16", "end": "00:12:24", "text": "36 wallets were likely overseas, valued at $84  million. Just four wallets were likely US-based,"}, {"start": "00:12:24", "end": "00:12:31", "text": "totaling $889 million. mostly held by alt  5 sigma. The remaining 10 wallets couldn't"}, {"start": "00:12:31", "end": "00:12:37", "text": "be geographically identified. It's an almost  identical story for the Trump memecoin. Among the"}, {"start": "00:12:37", "end": "00:12:45", "text": "top 220 holders, 72% were likely foreign wallets,  the same percentage as the top WLFI holders. And"}, {"start": "00:12:45", "end": "00:12:52", "text": "as you've probably heard, one of the largest WLFI  holders is Tron founder Justin Sun, who is no"}, {"start": "00:12:52", "end": "00:13:00", "text": "stranger to controversy. In 2023, the SEC charged  him with fraud, selling unregistered securities,"}, {"start": "00:13:00", "end": "00:13:07", "text": "and hiding payments for celebrity shills. The  newly pro- crypto SEC paused the case in February,"}, {"start": "00:13:07", "end": "00:13:15", "text": "just weeks after Sun announced he'd invested  $75 million in WLFI tokens. And with the 75% fee"}, {"start": "00:13:15", "end": "00:13:22", "text": "structure, this gave the Trump family roughly $56  million. The report also alleges that the Trump"}, {"start": "00:13:22", "end": "00:13:29", "text": "family profited from other foreign investors  too through the USD1 stable coin. In May, MGX,"}, {"start": "00:13:29", "end": "00:13:35", "text": "a state-controlled Abu Dhabi investment company,  used USD1 to buy a $2 billion stake in Binance,"}, {"start": "00:13:35", "end": "00:13:41", "text": "the largest institutional investment in the  exchange ever. To this day, that deal still"}, {"start": "00:13:41", "end": "00:13:49", "text": "represents around 75% of USD1's circulating supply  despite World Liberty claiming it shows quote"}, {"start": "00:13:49", "end": "00:13:55", "text": "extraordinary worldwide demand. But here's where  things get interesting. The report notes that"}, {"start": "00:13:55", "end": "00:14:03", "text": "quote the board chairman of MGX is Shik Tnun bin  Zed al- Nayan, the UAE's national security adviser"}, {"start": "00:14:03", "end": "00:14:11", "text": "and a brother of UAE president Shik Muhammad bin  Zed. Moreover, the $2 billion MGX paid to create"}, {"start": "00:14:11", "end": "00:14:18", "text": "the USD1 is held in cash equivalents, including US  Treasury securities. World Liberty's website notes"}, {"start": "00:14:18", "end": "00:14:24", "text": "that those securities generate interest payments  to some affiliates, including one affiliate that's"}, {"start": "00:14:24", "end": "00:14:31", "text": "38% owned by the Trump Organization. That income  stream of roughly $80 million per year could net"}, {"start": "00:14:31", "end": "00:14:38", "text": "the Trump's millions in 2025 alone. Despite this  though, MGX claims the move wasn't an investment"}, {"start": "00:14:38", "end": "00:14:44", "text": "in World Liberty Financial. What's strange though  is that MGX said they analyzed several stable"}, {"start": "00:14:44", "end": "00:14:51", "text": "coins and chose USD1 after quote examining such  factors as business suitability, the jurisdiction"}, {"start": "00:14:51", "end": "00:14:56", "text": "and currency of assets backing the stable coin  and compliance history. Kind of makes you wonder"}, {"start": "00:14:56", "end": "00:15:02", "text": "what they had against USDC, which arguably  outperforms on all these metrics. Regardless,"}, {"start": "00:15:02", "end": "00:15:07", "text": "the $2 billion purchase marked a turning point for  Binance, particularly for co-founder and former"}, {"start": "00:15:07", "end": "00:15:14", "text": "CEO Changpang Xiao, more commonly known as CZ. In  late 2023, Binance pleaded guilty to failing to"}, {"start": "00:15:14", "end": "00:15:22", "text": "maintain an effective anti-moneyaundering program  and paid a $4.3 billion fine. CZ then stepped down"}, {"start": "00:15:22", "end": "00:15:30", "text": "as CEO and served nearly 4 months in a US prison.  Then in May this year, CZ revealed he'd applied"}, {"start": "00:15:30", "end": "00:15:37", "text": "for a presidential pardon. And as you'll know,  Trump duly pardoned CZ on the 23rd of October."}, {"start": "00:15:37", "end": "00:15:43", "text": "CZ then tweeted his thanks, adding that Binance  would do everything it can to make America the"}, {"start": "00:15:43", "end": "00:15:49", "text": "capital of crypto. This ties into the report's  final section where the authors argue that a clear"}, {"start": "00:15:49", "end": "00:15:55", "text": "example of how the Trump Organization provides  access to the president came on the 27th of April"}, {"start": "00:15:55", "end": "00:16:01", "text": "when Donald Junior visited Bulgaria. This wasn't  a state visit, but part of a conference series"}, {"start": "00:16:01", "end": "00:16:09", "text": "called Trump Business Vision 2025. The event was  sponsored by Nexo, a crypto finance platform based"}, {"start": "00:16:09", "end": "00:16:18", "text": "in the Cayman Islands. Notably, Nexo left the US  after the SEC fined it $45 million in January 2023"}, {"start": "00:16:18", "end": "00:16:25", "text": "for, yep, you guessed it, offering unregistered  securities. Nexo's co-founder Anthony Tenev joined"}, {"start": "00:16:25", "end": "00:16:31", "text": "Donald Jr. on stage along with a former member  of the Bulgarian National Assembly. During the"}, {"start": "00:16:31", "end": "00:16:37", "text": "conference, Tenev announced Nexo would resume  US operations. Now, in fairness, the company"}, {"start": "00:16:37", "end": "00:16:41", "text": "later clarified the decision wasn't due to his  interactions with Donald Jr., but because of"}, {"start": "00:16:41", "end": "00:16:49", "text": "America's shifting regulatory landscape. By July,  though, Nexo was very close to the Trump family."}, {"start": "00:16:49", "end": "00:16:55", "text": "It became a lead sponsor at Trump's Abedine Golf  Course, and weeks later, Trump invited Trenchev"}, {"start": "00:16:55", "end": "00:17:01", "text": "there for lunch and a round of golf. They  discussed politics and crypto before Trenchev"}, {"start": "00:17:01", "end": "00:17:08", "text": "posted a photo with his new bestie on X. But back  to April 2025. Shortly after Donald Junior landed"}, {"start": "00:17:08", "end": "00:17:15", "text": "in Bulgaria, his brother Eric took the stage  with Zack Witoff at token 2049 in Dubai. There,"}, {"start": "00:17:15", "end": "00:17:21", "text": "Eric announced the $2 billion MGX deal mentioned  earlier. The moderator on stage at the time, why"}, {"start": "00:17:21", "end": "00:17:29", "text": "none other than Justin Sun, the largest known WLFI  token holder at the time. But just hours earlier,"}, {"start": "00:17:29", "end": "00:17:34", "text": "Eric had spoken with Bobby, the aforementioned  Chinese businessman who invested $100 million"}, {"start": "00:17:34", "end": "00:17:42", "text": "in WLFI. Intriguingly, Bobby recently served  as chairman of the UAE offices of Web3ort,"}, {"start": "00:17:42", "end": "00:17:48", "text": "a crypto firm registered in the British Virgin  Islands, but Bobby has a rather checkered legal"}, {"start": "00:17:48", "end": "00:17:54", "text": "history. Allegedly, he was arrested in the UK  in 2021 and is currently under investigation"}, {"start": "00:17:54", "end": "00:18:01", "text": "for moneyaundering. Additionally, he was found  in three civil cases to have defaulted on loans"}, {"start": "00:18:01", "end": "00:18:07", "text": "totaling over $2.4 million. And in one case, he  even failed to appear in court. Another one of"}, {"start": "00:18:07", "end": "00:18:13", "text": "Bobby's business ventures, Aqua Labs, has since  denied that he did anything illegal, stating,"}, {"start": "00:18:13", "end": "00:18:19", "text": "quote, \"Any implication to the contrary is  defamatory and false.\" However, the UK's National"}, {"start": "00:18:19", "end": "00:18:25", "text": "Crime Agency and a document filed in a London  Royal Courts of Justice immigration case suggest"}, {"start": "00:18:25", "end": "00:18:32", "text": "otherwise. What's crazy is that Aqua Labs is  actually Web 3. The company just changed its name"}, {"start": "00:18:32", "end": "00:18:38", "text": "in June, about a month after meeting Eric Trump,  possibly to shake off its previous reputation. And"}, {"start": "00:18:38", "end": "00:18:45", "text": "just days later, it announced its $100 million  WLFI token purchase. Bobby later appeared on a"}, {"start": "00:18:45", "end": "00:18:51", "text": "live stream on X buzzing about Aqualabs. He said  they were quote very proud to be a major player"}, {"start": "00:18:51", "end": "00:18:57", "text": "in World Liberty, which is Trump's family's crypto  venture. And with that, we've reached the end of"}, {"start": "00:18:57", "end": "00:19:02", "text": "the Reuters report. And remember, you can find a  link to the full report in the description below."}, {"start": "00:19:02", "end": "00:19:07", "text": "So, just one question remains. What does all of  this mean for the crypto industry? Well, let's"}, {"start": "00:19:07", "end": "00:19:13", "text": "start with the obvious. This doesn't exactly paint  a very positive picture for crypto. Frankly, much"}, {"start": "00:19:13", "end": "00:19:18", "text": "of what this report covers borders on corruption,  suggesting that those with the deepest pockets"}, {"start": "00:19:18", "end": "00:19:24", "text": "can buy all the power they want simply by buying  the right token. Now, of course, the caveat is"}, {"start": "00:19:24", "end": "00:19:30", "text": "that this isn't actually true. None of these big  investments came with the guarantee of getting in"}, {"start": "00:19:30", "end": "00:19:36", "text": "Trump's good books. And as we've pointed out, the  authors have shown a clear bias against Trump and"}, {"start": "00:19:36", "end": "00:19:42", "text": "at times a lack of understanding of crypto. And in  fact, the bias can also be seen on the individual"}, {"start": "00:19:42", "end": "00:19:47", "text": "ex accounts of each author. Nevertheless, it is  fair to say that Trump is controversial at the"}, {"start": "00:19:47", "end": "00:19:53", "text": "best of times, and crypto is increasingly getting  dragged into that controversy. Nothing highlights"}, {"start": "00:19:53", "end": "00:19:59", "text": "this more than the Trump and Melania meme coins.  Both generated massive hype, but left thousands of"}, {"start": "00:19:59", "end": "00:20:06", "text": "investors burned. The optics around these meme  coins are pretty bleak. But despite the chaos,"}, {"start": "00:20:06", "end": "00:20:11", "text": "they did achieve something positive. They  attracted thousands, if not millions of new"}, {"start": "00:20:11", "end": "00:20:16", "text": "investors to crypto. Now, in theory, these  investors would quit after getting burned."}, {"start": "00:20:16", "end": "00:20:23", "text": "In practice, though, human greed knows no limits.  Many were likely exposed to crypto's wild upside"}, {"start": "00:20:23", "end": "00:20:29", "text": "swings for the first time, and many will have  sought other similar opportunities that just can't"}, {"start": "00:20:29", "end": "00:20:34", "text": "be found elsewhere. So, while it might seem like  the Trump family is doing more harm than good,"}, {"start": "00:20:34", "end": "00:20:40", "text": "they are in some way actually helping drive  crypto adoption. Combine that with Trump"}, {"start": "00:20:40", "end": "00:20:45", "text": "creating the most bullish regulatory backdrop  the industry has ever seen, and it could all"}, {"start": "00:20:45", "end": "00:20:50", "text": "end up being bullish for the crypto market in  the long term, despite how brutal things have"}, {"start": "00:20:50", "end": "00:20:56", "text": "been in the short term. Well, let's see. All  right, that's quite enough from me for today,"}, {"start": "00:20:56", "end": "00:21:01", "text": "but we want to hear from you now. Is the Trump  Organization supporting crypto innovation or is"}, {"start": "00:21:01", "end": "00:21:07", "text": "this political opportunism at its finest? Let us  know your thoughts in the comments below. And if"}, {"start": "00:21:07", "end": "00:21:12", "text": "you want to see which cryptos are held by Trump's  insiders, check out the video right over here."}, {"start": "00:21:12", "end": "00:21:18", "text": "Thank you all so much for watching and I will  see you again very soon. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "We've kind of done the funeral erration"}, {"start": "00:00:02", "end": "00:00:04", "text": "for alt season. So now I think it's time"}, {"start": "00:00:04", "end": "00:00:06", "text": "for a bit of positivity. We need to look"}, {"start": "00:00:06", "end": "00:00:08", "text": "at some of the some of the catalysts,"}, {"start": "00:00:08", "end": "00:00:10", "text": "you know, for some potential upside. Um,"}, {"start": "00:00:10", "end": "00:00:11", "text": "and again, this is one of the crazy"}, {"start": "00:00:11", "end": "00:00:13", "text": "things about this market because there"}, {"start": "00:00:13", "end": "00:00:15", "text": "is there has been loads of good news and"}, {"start": "00:00:15", "end": "00:00:17", "text": "there is still loads of good news in the"}, {"start": "00:00:17", "end": "00:00:18", "text": "pipeline."}, {"start": "00:00:18", "end": "00:00:20", "text": "Was the worst the best of times towards"}, {"start": "00:00:20", "end": "00:00:21", "text": "the worst of times, says Charles"}, {"start": "00:00:21", "end": "00:00:23", "text": "Dickens. Or if you want for me, if you"}, {"start": "00:00:23", "end": "00:00:26", "text": "want a more of a relatable meme, it's,"}, {"start": "00:00:26", "end": "00:00:28", "text": "you know, um we everyone has the same"}, {"start": "00:00:28", "end": "00:00:30", "text": "eyes but a different view. The glass is"}, {"start": "00:00:30", "end": "00:00:33", "text": "not half empty, guys. It's half full."}, {"start": "00:00:33", "end": "00:00:34", "text": "And that's because there's a number of"}, {"start": "00:00:34", "end": "00:00:36", "text": "catalysts coming up in the next few"}, {"start": "00:00:36", "end": "00:00:38", "text": "weeks and months that are something to"}, {"start": "00:00:38", "end": "00:00:40", "text": "look forward to. We also then have"}, {"start": "00:00:40", "end": "00:00:42", "text": "lawmakers finally are able to go back"}, {"start": "00:00:42", "end": "00:00:44", "text": "and actually work for the people and uh"}, {"start": "00:00:44", "end": "00:00:46", "text": "the they will then push hard on the"}, {"start": "00:00:46", "end": "00:00:48", "text": "clarity or market structure bill which"}, {"start": "00:00:48", "end": "00:00:49", "text": "is very important a very important bill"}, {"start": "00:00:49", "end": "00:00:51", "text": "to come forward for crypto"}, {"start": "00:00:51", "end": "00:00:54", "text": "and then someone else who's back at work"}, {"start": "00:00:54", "end": "00:00:56", "text": "another agencies is the SEC and CFTC and"}, {"start": "00:00:56", "end": "00:00:58", "text": "the SEC is really important because they"}, {"start": "00:00:58", "end": "00:01:00", "text": "have a lot of paperwork to do with the"}, {"start": "00:01:00", "end": "00:01:02", "text": "upcoming ETFs. We have had a couple"}, {"start": "00:01:02", "end": "00:01:04", "text": "approved but basically there is a flood"}, {"start": "00:01:04", "end": "00:01:07", "text": "of those applications which I think the"}, {"start": "00:01:07", "end": "00:01:09", "text": "Bloomberg ETF guys who are obviously the"}, {"start": "00:01:09", "end": "00:01:11", "text": "authority on this are you know very very"}, {"start": "00:01:11", "end": "00:01:13", "text": "confident that they will get approved."}, {"start": "00:01:13", "end": "00:01:14", "text": "So, they're coming as soon as the SEC"}, {"start": "00:01:14", "end": "00:01:18", "text": "gets back get gets back into the"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The date for Fusaka, Ethereum's next major  upgrade, has officially been locked in."}, {"start": "00:00:05", "end": "00:00:11", "text": "Historically, ETH's price tends to rally around  these upgrades, especially when the broader crypto"}, {"start": "00:00:11", "end": "00:00:17", "text": "market is bullish. And with Q4 of the fourth  year of crypto's 4-year cycle, historically"}, {"start": "00:00:17", "end": "00:00:23", "text": "showing strong gains, ETH's price could be about  to explode. That's why today we're breaking"}, {"start": "00:00:23", "end": "00:00:28", "text": "down everything you need to know about Fusaka,  including what changes are being implemented,"}, {"start": "00:00:28", "end": "00:00:34", "text": "what it means for Ethereum's future, and how  it could impact ETH's price. My name is Louis,"}, {"start": "00:00:34", "end": "00:00:40", "text": "and if you hold ETH, or even if you don't, this  is a video you don't want to miss. Firstly,"}, {"start": "00:00:40", "end": "00:00:45", "text": "I need to start by saying I am not a financial  adviser, and nothing in this video is financial"}, {"start": "00:00:45", "end": "00:00:50", "text": "or investment advice. It's educational content  intended to inform you about an upcoming Ethereum"}, {"start": "00:00:50", "end": "00:00:55", "text": "upgrade. If that sounds good, prove it by punching  that like button and let's get into it. Now,"}, {"start": "00:00:55", "end": "00:01:01", "text": "if you've never heard of the word Fusaka before,  here's everything you need to know. Fusaka is the"}, {"start": "00:01:01", "end": "00:01:07", "text": "name of a major upgrade to Ethereum's blockchain,  scheduled for December 3rd. Like other major"}, {"start": "00:01:07", "end": "00:01:12", "text": "upgrades before it, Fusaka will be implemented  as a hard fork, which means both the consensus"}, {"start": "00:01:12", "end": "00:01:18", "text": "and the execution layers will be upgraded at  the same time. As a fun fact, each consensus"}, {"start": "00:01:18", "end": "00:01:23", "text": "layer upgrade is named after a star. in this  case Fulu. And each execution layer upgrade is"}, {"start": "00:01:23", "end": "00:01:31", "text": "named after a location that's hosted Devcon. In  this case, Osaka. Fusaka is just a port monto of"}, {"start": "00:01:31", "end": "00:01:38", "text": "both names. Nerds. Eh. Anyway, so far Fusaka  has been successfully deployed on three test"}, {"start": "00:01:38", "end": "00:01:44", "text": "nets. The first test was on Hlesi on October 1st,  which happened to mark Hleski's final use before"}, {"start": "00:01:44", "end": "00:01:51", "text": "it shut down. The second test was on Seapoleia on  October 14th. And the third test was on Hoody on"}, {"start": "00:01:51", "end": "00:01:58", "text": "October 28th. All deployments went smoothly, which  will be welcome news for ETH holders. And boy,"}, {"start": "00:01:58", "end": "00:02:03", "text": "do they need it. As for the mainet launch,  this was originally planned for early November,"}, {"start": "00:02:03", "end": "00:02:10", "text": "but is now locked in for December 3rd. So then,  what exactly is Fusaka? Well, in short, it's an"}, {"start": "00:02:10", "end": "00:02:18", "text": "implementation of 12 upgrades called Ethereum  improvement proposals or EIPs. Each EIP adjusts"}, {"start": "00:02:18", "end": "00:02:24", "text": "a different technical aspect of the Ethereum  network, aiming toward a common goal, increasing"}, {"start": "00:02:24", "end": "00:02:30", "text": "scalability at the layer 1 level. So, let's go  through each EIP and see what they bring to the"}, {"start": "00:02:30", "end": "00:02:35", "text": "table. Fair warning though, this can get a bit  technical, but we'll do our best to keep things"}, {"start": "00:02:35", "end": "00:02:44", "text": "simple. We'll go through them in numerical order  for simplicity sake. The first EIP is EIP7594,"}, {"start": "00:02:44", "end": "00:02:51", "text": "known as pure DOS. The star of the show, Pure  DOSs, which stands for pure data availability"}, {"start": "00:02:51", "end": "00:02:56", "text": "sampling, allows Ethereum nodes to store  just a fraction of data while verifying the"}, {"start": "00:02:56", "end": "00:03:02", "text": "transaction. This boosts data capacity  for roll-ups, cuts transaction costs,"}, {"start": "00:03:02", "end": "00:03:10", "text": "and sets the stage for Ethereum to compete with  higher speed blockchains. The second is EIP7642,"}, {"start": "00:03:10", "end": "00:03:16", "text": "which optimizes how the execution layer shares  and manages data receipts. The third EIP is"}, {"start": "00:03:16", "end": "00:03:24", "text": "7823 which prevents certain denial of service or  DOS attacks. It also introduces more consistent"}, {"start": "00:03:24", "end": "00:03:32", "text": "gas pricing and predictable costs for layer 2  smart contracts. The fourth EIP is 7825 which"}, {"start": "00:03:32", "end": "00:03:37", "text": "introduces a transaction gas limit to prevent  a single transaction from hogging most of the"}, {"start": "00:03:37", "end": "00:03:43", "text": "space in a block which improves network fairness,  stability and predictability in block validation"}, {"start": "00:03:43", "end": "00:03:50", "text": "times. The fifth EIP is 7883 which makes  the network more economically sustainable"}, {"start": "00:03:50", "end": "00:03:58", "text": "and prevents attackers from abusing underpriced  operations. The sixth EIP is 7892, which gives"}, {"start": "00:03:58", "end": "00:04:05", "text": "Ethereum more flexibility to meet proliferating  layer 2 data demands and helps builders plan"}, {"start": "00:04:05", "end": "00:04:12", "text": "scaling more predictably. The seventh EIP is  7917, which lets validators know in advance who"}, {"start": "00:04:12", "end": "00:04:18", "text": "will propose future blocks instead of finding out  at the start of each epoch, improving efficiency."}, {"start": "00:04:18", "end": "00:04:27", "text": "The eighth EIP is 7918 which reduces dramatic  fee spikes and prevents the blob fee market from"}, {"start": "00:04:27", "end": "00:04:34", "text": "collapsing. The ninth update is EIP 7934 which  protects the network from oversized blocks that"}, {"start": "00:04:34", "end": "00:04:40", "text": "could cause congestion or instability and ensures  consistency with the consensus layers limits."}, {"start": "00:04:40", "end": "00:04:48", "text": "The 10th EIP is 7935 which directly increases  mainet throughput by reducing transaction cues"}, {"start": "00:04:48", "end": "00:04:56", "text": "and speeding up confirmations. The 11th EIP is  7939 which makes Ethereum faster and cheaper to"}, {"start": "00:04:56", "end": "00:05:04", "text": "use and especially benefits zero knowledge proof  functions. Last but not least, we have EIP7951,"}, {"start": "00:05:04", "end": "00:05:09", "text": "which allows Ethereum to verify signatures from  devices like iPhones, Androids, and hardware"}, {"start": "00:05:09", "end": "00:05:14", "text": "wallets, improving Ethereum's integration with  existing web 2 infrastructure. Man, that was"}, {"start": "00:05:14", "end": "00:05:20", "text": "a lot to get through, so well done for hanging  in there. So, now that we know what Fusaka is,"}, {"start": "00:05:20", "end": "00:05:25", "text": "the next order of business is figuring out  what it means for Ethereum's future. Well,"}, {"start": "00:05:25", "end": "00:05:30", "text": "unlike previous upgrades that introduced visible  user experience or UX improvements like smart"}, {"start": "00:05:30", "end": "00:05:35", "text": "wallets and account abstraction, Fusaka's  improvements are mostly under the hood,"}, {"start": "00:05:35", "end": "00:05:40", "text": "refining how data is processed within the Ethereum  network. This means that in the short term,"}, {"start": "00:05:40", "end": "00:05:45", "text": "Fusaka might not be that exciting. However, in  the long run, it's going to be bullish for ETH."}, {"start": "00:05:45", "end": "00:05:52", "text": "That's because it targets two of Ethereum's most  critical aspects, scalability and security, both"}, {"start": "00:05:52", "end": "00:05:58", "text": "key factors for institutional adoption. Naturally,  the more appealing Ethereum is to institutions,"}, {"start": "00:05:58", "end": "00:06:03", "text": "the more bullish this is for ETH's price. Not only  that, but Fusaka's focus on fine-tuning Ethereum's"}, {"start": "00:06:03", "end": "00:06:09", "text": "infrastructure also brings it closer to addressing  the so-called blockchain trillemma. For those"}, {"start": "00:06:09", "end": "00:06:14", "text": "unfamiliar, the trillemma is a term coined by  Ethereum creator Vitalic Buterine and posits that"}, {"start": "00:06:14", "end": "00:06:20", "text": "no blockchain can simultaneously achieve security,  decentralization, and scalability. Ethereum was"}, {"start": "00:06:20", "end": "00:06:27", "text": "built to prioritize decentralization and security  at the expense of scalability. Fusaka represents a"}, {"start": "00:06:27", "end": "00:06:33", "text": "meaningful step towards balancing the trade-offs  so that scalability isn't left behind. Again,"}, {"start": "00:06:33", "end": "00:06:41", "text": "this is primarily because of EIP7594, aka pure  DOS, which solves Ethereum's data availability"}, {"start": "00:06:41", "end": "00:06:47", "text": "bottleneck for layer 2 roll-up solutions. For  context, layer 2 roll-ups work by bundling or"}, {"start": "00:06:47", "end": "00:06:52", "text": "rolling up thousands of transactions into one  and posting receipt of that process bundle back"}, {"start": "00:06:52", "end": "00:06:59", "text": "to Ethereum's base chain as a package or more  accurately a data blob. In order to do this"}, {"start": "00:06:59", "end": "00:07:04", "text": "though, Ethereum nodes have to download all the  data for those transactions to verify them. And as"}, {"start": "00:07:04", "end": "00:07:09", "text": "layer 2s have proliferated, this has created  massive demand for this data, creating a"}, {"start": "00:07:09", "end": "00:07:15", "text": "major bottleneck that makes running a node more  expensive. This poses a threat to decentralization"}, {"start": "00:07:15", "end": "00:07:20", "text": "because more expensive nodes means fewer people  could run them. However, pure DOSs allows nodes"}, {"start": "00:07:20", "end": "00:07:26", "text": "to check small random bits of data instead,  removing the need to download the full data set,"}, {"start": "00:07:26", "end": "00:07:31", "text": "eliminating that bottleneck. This not only means  less network congestion, but it also means that"}, {"start": "00:07:31", "end": "00:07:37", "text": "running a node is more accessible, which also  enhances decentralization. There is a trade-off,"}, {"start": "00:07:37", "end": "00:07:43", "text": "however. That's because Purdos creates a three  tier system with validator nodes, full nodes,"}, {"start": "00:07:43", "end": "00:07:48", "text": "and super nodes. Super nodes are the ones that  download the full data set rather than just a"}, {"start": "00:07:48", "end": "00:07:54", "text": "portion. They're more powerful than standard  full nodes, but require more bandwidth. So,"}, {"start": "00:07:54", "end": "00:07:59", "text": "they'll likely be run by large-scale operators  like RPC providers or major staking services that"}, {"start": "00:07:59", "end": "00:08:05", "text": "require full access to the full data set. Some  core Ethereum developers have raised concerns"}, {"start": "00:08:05", "end": "00:08:10", "text": "that this concentrates the full data layer to  a few major players while others say that the"}, {"start": "00:08:10", "end": "00:08:16", "text": "design is safe since the system only depends on  their availability, not their trust. Aside from"}, {"start": "00:08:16", "end": "00:08:22", "text": "pure DOS though, Fusaka also brings changes  that make layer 1 transactions faster and"}, {"start": "00:08:22", "end": "00:08:28", "text": "cheaper. This means more activity on Ethereum  and that means more demand for ETH. Fusaka's"}, {"start": "00:08:28", "end": "00:08:33", "text": "focus on scalability may even reduce the need  for some users to rely on layer 2 solutions,"}, {"start": "00:08:33", "end": "00:08:38", "text": "which further boosts ETH demand on the layer 1  chain. Fusaka also makes it more efficient for"}, {"start": "00:08:38", "end": "00:08:44", "text": "builders to develop apps with greater flexibility  and lower costs, driving long-term innovation on"}, {"start": "00:08:44", "end": "00:08:49", "text": "Ethereum. It also improves Ethereum's UX, which  will support its long-term adoption. After all,"}, {"start": "00:08:49", "end": "00:08:55", "text": "signing transactions with your phone's Face ID or  biometrics is far easier than manually approving"}, {"start": "00:08:55", "end": "00:09:01", "text": "transactions with unreadable code strings. So, put  together, Fusaka makes the future look bright for"}, {"start": "00:09:01", "end": "00:09:06", "text": "Ethereum and potentially for ETH's price. And if  you're looking to ride the upcoming Ethereum wave,"}, {"start": "00:09:06", "end": "00:09:12", "text": "then you'll want to buy some ETH. And the best way  to do that is to use the Coin Bureau's deals page."}, {"start": "00:09:12", "end": "00:09:17", "text": "That's where you'll find exchange signup bonuses  of up to $100,000, trading fee discounts of up to"}, {"start": "00:09:17", "end": "00:09:24", "text": "50% and deposit cash backs of up to 75% on the  best crypto exchanges. Just hit the link in the"}, {"start": "00:09:24", "end": "00:09:29", "text": "description or scan this QR code, which will take  you right to the deals page. There you'll see all"}, {"start": "00:09:29", "end": "00:09:34", "text": "of our offers across a range of exchange partners.  Simply click one of the sign up now buttons,"}, {"start": "00:09:34", "end": "00:09:38", "text": "and that should take you right to the deal.  These deals won't be around forever though,"}, {"start": "00:09:38", "end": "00:09:42", "text": "so take advantage of them while you can using the  link in the description below or by scanning the"}, {"start": "00:09:42", "end": "00:09:49", "text": "QR code on the screen now. Now, this begs the  question, how could Fusaka impact ETH's price?"}, {"start": "00:09:49", "end": "00:09:54", "text": "The answer can be found by looking at how ETH's  price reacted to previous upgrades. After all,"}, {"start": "00:09:54", "end": "00:09:59", "text": "history doesn't repeat, but it does rhyme. Let's  start with the merge, which is without question"}, {"start": "00:09:59", "end": "00:10:06", "text": "Ethereum's most important and most complex upgrade  to date. The merge took place on September 15th,"}, {"start": "00:10:06", "end": "00:10:13", "text": "2022 and transitioned Ethereum proofof work to  a proofofstake blockchain. In the two months"}, {"start": "00:10:13", "end": "00:10:20", "text": "leading up to the merge, the hype was unavoidable  and ETH's price rallied 57% as a result. However,"}, {"start": "00:10:20", "end": "00:10:26", "text": "the merge itself turned into a sell the news event  with ETH dropping 24% in the following week. In"}, {"start": "00:10:26", "end": "00:10:31", "text": "retrospect, this was highly predictable. Everyone  in crypto was talking about the merge. The weak"}, {"start": "00:10:31", "end": "00:10:36", "text": "macro backdrop didn't help either. High inflation  and rising interest rates put significant pressure"}, {"start": "00:10:36", "end": "00:10:42", "text": "on risk assets. The next major upgrade was  Chappella, which took place on April 12th,"}, {"start": "00:10:42", "end": "00:10:49", "text": "2023. In short, Chappella allowed the ETH that was  staked in preparation for the merge to be unstaked"}, {"start": "00:10:49", "end": "00:10:55", "text": "for the first time since the beacon chains launch  in 2020. Chappella was seen as a key step to"}, {"start": "00:10:55", "end": "00:11:01", "text": "unlocking liquidity for Ethereum and ETH rallied  35% in the month before its mainet launch. It rose"}, {"start": "00:11:01", "end": "00:11:08", "text": "another 11% after deployment, but then it fell  about 13% which pretty much wiped out all of those"}, {"start": "00:11:08", "end": "00:11:13", "text": "post-launch gains. Again though, this sell-off was  largely driven by lingering concerns over broader"}, {"start": "00:11:13", "end": "00:11:18", "text": "market and macro conditions at the time. The  second major upgrade was Denun, which has rolled"}, {"start": "00:11:18", "end": "00:11:25", "text": "out on March 13th, 2024. It introduced protoden  sharding and data blobs to boost layer 2 rollup"}, {"start": "00:11:25", "end": "00:11:32", "text": "scalability. Denkun was highly anticipated with  ETH rallying 84% in the 6 weeks leading up to the"}, {"start": "00:11:32", "end": "00:11:38", "text": "deployment. However, it became another sell the  news event with ETH dropping 25% in the following"}, {"start": "00:11:38", "end": "00:11:44", "text": "week. And this brings us to Pekra, the most recent  upgrade before Fusaka. Petra was rolled out on May"}, {"start": "00:11:44", "end": "00:11:50", "text": "7th, 2025, introducing several UX improvements  to the Ethereum mainet, including smart wallets,"}, {"start": "00:11:50", "end": "00:11:55", "text": "higher validator staking limits, and more. And  if you want a deeper dive into Perra, well,"}, {"start": "00:11:55", "end": "00:12:01", "text": "then you should check out the video on that right  over here. Anyway, Pectra followed a steep decline"}, {"start": "00:12:01", "end": "00:12:08", "text": "in ETH's price from mid December 2024 to early  April 2025, during which it dropped over 60%."}, {"start": "00:12:08", "end": "00:12:14", "text": "The month before deployment marked the local  bottom with ETH recovering 23% before mainet"}, {"start": "00:12:14", "end": "00:12:21", "text": "deployment. After Pekro was fully implemented,  ETH surged another 50% in the following week. Not"}, {"start": "00:12:21", "end": "00:12:28", "text": "bad at all. So what does this mean for Fusaka? Put  simply, it looks like Fusaka could mark a pivotal"}, {"start": "00:12:28", "end": "00:12:33", "text": "moment and help spark a solid recovery rally for  ETH. Whether this could push ETH to new all-time"}, {"start": "00:12:33", "end": "00:12:38", "text": "highs is up for debate. And let's face it, in  current market conditions, it's pretty unlikely."}, {"start": "00:12:38", "end": "00:12:44", "text": "If history is any guide, we're more likely to see  ETH recover slightly as Rusaka brings optimism"}, {"start": "00:12:44", "end": "00:12:49", "text": "back to Ethereum enthusiasts before selling off  again when the hype cools down. However, there is"}, {"start": "00:12:49", "end": "00:12:55", "text": "a difference this time around, and that's simply  because ETH is well positioned to outperform BTC"}, {"start": "00:12:55", "end": "00:13:00", "text": "and most altcoins in the short to medium turn,  irrespective of what happens with Fusaka. Still,"}, {"start": "00:13:00", "end": "00:13:06", "text": "we wouldn't be surprised if Fusaka became the  catalyst that kickstarts ETH's upward trajectory"}, {"start": "00:13:06", "end": "00:13:11", "text": "or the catalyst that marks the end of an upcoming  rally. So, by now you should have a clear sense"}, {"start": "00:13:11", "end": "00:13:17", "text": "that Fusaka is likely bullish for Ethereum and  could spark ETH's long overdue rally. That said,"}, {"start": "00:13:17", "end": "00:13:22", "text": "any skepticism about this is understandable  given ETH's brutal price action recently. So,"}, {"start": "00:13:22", "end": "00:13:28", "text": "if Fusaka doesn't do the trick, what could? Well,  there are several things to look forward to,"}, {"start": "00:13:28", "end": "00:13:33", "text": "but perhaps the most exciting is the pending  staked spot Ethereum ETFs. As we already know,"}, {"start": "00:13:33", "end": "00:13:39", "text": "the standard spot ETFs already let traditional and  institutional investors gain indirect exposure to"}, {"start": "00:13:39", "end": "00:13:45", "text": "ETH. Adding staking rewards takes it a step  further, offering institutions something they"}, {"start": "00:13:45", "end": "00:13:51", "text": "cannot resist, an additional yield on their  capital. This is precisely why major asset"}, {"start": "00:13:51", "end": "00:13:56", "text": "managers like Black Rockck, Fidelity, and Van  have applied to include staking features in"}, {"start": "00:13:56", "end": "00:14:02", "text": "their Ethereum ETF filings. The only real obstacle  currently is the recent US government shutdown,"}, {"start": "00:14:02", "end": "00:14:06", "text": "which will hopefully be over by the time that  you see this video. Once the shutdown is over,"}, {"start": "00:14:06", "end": "00:14:12", "text": "these ETFs are likely to be among the first to get  the green light, potentially bringing in waves of"}, {"start": "00:14:12", "end": "00:14:17", "text": "institutional and retail capital. On that note,  you might have noticed that Ethereum has recently"}, {"start": "00:14:17", "end": "00:14:22", "text": "been laser focused on institutional adoption.  Ether Realized launched in January last year"}, {"start": "00:14:22", "end": "00:14:28", "text": "to drive Ethereum's adoption on Wall Street and  recently the Ethereum Foundation also launched a"}, {"start": "00:14:28", "end": "00:14:34", "text": "specialized institutions website which pitches  Ethereum as quote the institutional liquidity"}, {"start": "00:14:34", "end": "00:14:39", "text": "layer. These sales pitches position Ethereum as  the blockchain of choice for large investors."}, {"start": "00:14:39", "end": "00:14:44", "text": "Its long track record, robust technology,  and institutional-grade security make it"}, {"start": "00:14:44", "end": "00:14:51", "text": "ideal for tokenized real world assets, DeFi, and  stablecoin transactions. And given that Ethereum"}, {"start": "00:14:51", "end": "00:14:57", "text": "already dominates these markets, ETH's price is  likely to benefit most from the resulting hype."}, {"start": "00:14:57", "end": "00:15:01", "text": "It's also worth noting that there will be many  more upgrades after Fusaka. One that Ethereum"}, {"start": "00:15:01", "end": "00:15:08", "text": "devs are already working on is Glamsterdam, which  will be Ethereum's next hard fork after Fusaka."}, {"start": "00:15:08", "end": "00:15:14", "text": "There's no set date yet, but the target is the  first half of 2026. The goal is to make Ethereum"}, {"start": "00:15:14", "end": "00:15:19", "text": "more censorship resistant and further enhance its  scalability. And if all of that wasn't enough,"}, {"start": "00:15:19", "end": "00:15:25", "text": "there's also the SEC's innovation exemption  order, which chairman Paul Atkins aims to roll"}, {"start": "00:15:25", "end": "00:15:31", "text": "out ASAP that would give crypto firms a regulated  sandbox to experiment with new business models and"}, {"start": "00:15:31", "end": "00:15:37", "text": "products on chain without the immediate threat  of enforcement action or compliance burdens."}, {"start": "00:15:37", "end": "00:15:43", "text": "Ethereum's dominance in crypto means its layer  1 and its layer 2s stand to benefit most from"}, {"start": "00:15:43", "end": "00:15:48", "text": "this onchain innovation and experimentation.  Now taking everything discussed, it's clear"}, {"start": "00:15:48", "end": "00:15:54", "text": "that even without Fusaka, Ethereum is well  positioned for adoption and growth. That said,"}, {"start": "00:15:54", "end": "00:15:59", "text": "this all depends on the crypto and macro backdrop  being bullish enough to sustain demand. Naturally,"}, {"start": "00:15:59", "end": "00:16:04", "text": "this raises the question, what challenges could  Ethereum face if things don't go as planned? Well,"}, {"start": "00:16:04", "end": "00:16:09", "text": "the obvious risk is that Fusaka's mainet  deployment doesn't go smoothly. Any bugs"}, {"start": "00:16:09", "end": "00:16:14", "text": "or technical issues would undoubtedly shake  investors confidence both for existing retail"}, {"start": "00:16:14", "end": "00:16:19", "text": "ETH holders and institutions seeking the most  reliable blockchain. There's also a chance that"}, {"start": "00:16:19", "end": "00:16:24", "text": "Fusaka could turn out to be a bit of a nothing  burger. Make no mistake, Fusaka's impact on"}, {"start": "00:16:24", "end": "00:16:30", "text": "scalability makes it a gamecher. But as mentioned  earlier, the upgrade works mostly under the hood."}, {"start": "00:16:30", "end": "00:16:34", "text": "So, while Fusaka could help with ETH's price  pivot upward, there's a chance that it might"}, {"start": "00:16:34", "end": "00:16:40", "text": "not generate the hype necessary for new all-time  highs. Beyond Fusaka, though, ETH also faces"}, {"start": "00:16:40", "end": "00:16:45", "text": "pressures from other fronts. One notable factor is  Ethereum Treasury companies, which ironically have"}, {"start": "00:16:45", "end": "00:16:50", "text": "been a major driver of ETH's recent rallies.  However, following the record 20 billion"}, {"start": "00:16:50", "end": "00:16:56", "text": "liquidation event on October 10th, crypto prices,  including ETH, have been pretty much down only."}, {"start": "00:16:56", "end": "00:17:00", "text": "This has forced some Ethereum treasury companies  to sell some of their ETH reserves to stay afloat,"}, {"start": "00:17:00", "end": "00:17:04", "text": "adding additional downward pressure on the  market. The caveat though is that ETH appears"}, {"start": "00:17:04", "end": "00:17:10", "text": "to have reached oversold territory and is likely  bottomed out on its Bitcoin pair. This means that"}, {"start": "00:17:10", "end": "00:17:16", "text": "ETH could outperform BTC and many altcoins in the  near future. It's also worth noting that Bitcoin"}, {"start": "00:17:16", "end": "00:17:21", "text": "dominance has been on a downtrend since July,  suggesting a rotation into altcoins could be"}, {"start": "00:17:21", "end": "00:17:26", "text": "closer than we think, with ETH being the logical  first step. All we need for ETH to outperform"}, {"start": "00:17:26", "end": "00:17:32", "text": "is a bullish catalyst. And Fusaka could be that  very thing. And that's why we're bullish on ETH,"}, {"start": "00:17:32", "end": "00:17:37", "text": "even amid the recent volatility. Could ETH reach  new all-time highs? Well, only time could tell."}, {"start": "00:17:37", "end": "00:17:42", "text": "That said, we wouldn't be surprised if ETH rallies  far more than many expect. So, maybe don't rule it"}, {"start": "00:17:42", "end": "00:17:48", "text": "out. But what do you think? Will Fusaka spark  a major ETH rally, or is it going to be pretty"}, {"start": "00:17:48", "end": "00:17:53", "text": "much a nothing burger? Share your thoughts in  the comments below. And if you want to see what"}, {"start": "00:17:53", "end": "00:17:57", "text": "caused Bitcoin to crash recently, well, you  should check out that video right over here."}, {"start": "00:17:57", "end": "00:18:01", "text": "And if you're wondering if altcoin ETFs could  drain liquidity from their treasury companies,"}, {"start": "00:18:01", "end": "00:18:06", "text": "well, you should check out that video right over  here. And that's going to be all for me today. So,"}, {"start": "00:18:06", "end": "00:18:11", "text": "thank you so much for watching and I'll see  you in the next one. This is Louis signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Hey everybody, welcome to the Sunday live stream. I'm uh have a guest as ever, Jerry V. Hall. Jerry coming in to"}, {"start": "00:00:06", "end": "00:00:13", "text": "help us out. Jerry, how you doing today, buddy? I'm doing well. Hi everyone. Hope you're having a great Sunday."}, {"start": "00:00:13", "end": "00:00:18", "text": "Having a great Sunday. Watch everything move sideways and maybe evaporate. But that's pretty much where we're at right"}, {"start": "00:00:18", "end": "00:00:24", "text": "now in the markets. But today, I had to bring Jerry on to talk about a couple of different things. First of all, if"}, {"start": "00:00:24", "end": "00:00:31", "text": "you're not following Jerry, there's a link in the description. You can follow Jerry over on X. Good stuff. A lot of uh"}, {"start": "00:00:31", "end": "00:00:37", "text": "good information being put out. But Jerry, what I want to talk today about is the credit markets because you had"}, {"start": "00:00:37", "end": "00:00:45", "text": "sent this to me a couple different pieces. And it kind of starts it starts here with Japan. And it looks like with"}, {"start": "00:00:45", "end": "00:00:52", "text": "them raising rates or excuse me the for the bonds, it looks like they're starting to break some things that are"}, {"start": "00:00:52", "end": "00:00:59", "text": "going on. And this like this article was about how Japan approves a $ 110 billion stimulus package. and is that good for"}, {"start": "00:00:59", "end": "00:01:05", "text": "Bitcoin? And then of course this article is talking about monetary tightening and"}, {"start": "00:01:05", "end": "00:01:13", "text": "government stimulus and just the problems that they're going through right now and how that affects not just"}, {"start": "00:01:13", "end": "00:01:19", "text": "Bitcoin but the market at large. And you had told me something when we were talking that what's going on is that"}, {"start": "00:01:19", "end": "00:01:26", "text": "there are some hedge funds that have done some pretty interesting things and it's affecting all markets. So talk to"}, {"start": "00:01:26", "end": "00:01:33", "text": "us about what's going on in the background and then I want to talk about how everything is pretty much a battle"}, {"start": "00:01:33", "end": "00:01:39", "text": "behind the scenes between Tradfi and the new and the new world order as it is. So"}, {"start": "00:01:39", "end": "00:01:47", "text": "Jerry, take it away. Well, let I think I can explain it best like this. I'll keep it simple. Um, you"}, {"start": "00:01:47", "end": "00:01:53", "text": "have an uncle in Japan. We'll call him Hoshi, right? And Atoshi knows you're an"}, {"start": "00:01:53", "end": "00:01:59", "text": "entrepreneur and will lend you money for 0% interest, but he will only lend it to"}, {"start": "00:01:59", "end": "00:02:06", "text": "you in the Japanese yen. So if you want to take advantage of that zerointerest"}, {"start": "00:02:06", "end": "00:02:14", "text": "loan, you simply take the loan, get the yen, convert the yen into dollars, and"}, {"start": "00:02:14", "end": "00:02:20", "text": "then invest those dollars in US assets, whether they be gold, Bitcoin, maybe"}, {"start": "00:02:20", "end": "00:02:27", "text": "something in the NASDAQ, maybe something on the New York Stock Exchange, heck, maybe real estate. And you and you take"}, {"start": "00:02:27", "end": "00:02:34", "text": "these assets and these assets generate you a yield of anything over zero is"}, {"start": "00:02:34", "end": "00:02:41", "text": "profit for you. And you've been able to do this for a very long time. But now all of a sudden it's time to repay your"}, {"start": "00:02:41", "end": "00:02:47", "text": "loan, a big loan to Uncle Satoshi over there in Japan."}, {"start": "00:02:47", "end": "00:02:53", "text": "And you talk to him about refinancing and he says absolutely be happy to"}, {"start": "00:02:53", "end": "00:02:58", "text": "refinance, but it will be at 2.8. 8% and you're like,"}, {"start": "00:02:58", "end": "00:03:04", "text": "\"Wait a second. At the amount that I borrow, we're not talking about $100. We're talking about"}, {"start": "00:03:04", "end": "00:03:10", "text": "hundreds of million, sometimes billions of dollars.\""}, {"start": "00:03:10", "end": "00:03:16", "text": "Now, the difference between zero and two and 8%"}, {"start": "00:03:16", "end": "00:03:24", "text": "repayment terms is a large nut or or wall or barrier to overcome."}, {"start": "00:03:24", "end": "00:03:31", "text": "And to overcome that, a lot of entities that have been taking advantage of what"}, {"start": "00:03:31", "end": "00:03:37", "text": "they call the yen carry trade, which is this arbitrage of debt instruments, are"}, {"start": "00:03:37", "end": "00:03:44", "text": "now recently having to liquidate assets to cover those shortfalls, right?"}, {"start": "00:03:44", "end": "00:03:50", "text": "The difference between this and that. How much are we talk before you go on, Jerry? How much are we talking about as"}, {"start": "00:03:50", "end": "00:03:57", "text": "far as like are we talking like a hundred bucks? No. So, we're talking about to the tune of about $240 billion."}, {"start": "00:03:57", "end": "00:04:06", "text": "Ah, I see. And and just to give you some some scope, um it was something like 24"}, {"start": "00:04:06", "end": "00:04:11", "text": "billion just in the first two weeks of November."}, {"start": "00:04:11", "end": "00:04:17", "text": "Wow. So, and so, so when you are in these positions, it'd be no different than you"}, {"start": "00:04:17", "end": "00:04:23", "text": "or I if we were counting on the refinancing of a loan with a certain set"}, {"start": "00:04:23", "end": "00:04:29", "text": "of terms and we've adjusted all of our business practices for that particular"}, {"start": "00:04:29", "end": "00:04:37", "text": "scenario. And then we go back to the lending entity and they say, \"Things have changed. We no longer can refinance"}, {"start": "00:04:37", "end": "00:04:44", "text": "you at those terms. we will have to refinance you at different terms. Whether it be the amount of repayment or"}, {"start": "00:04:44", "end": "00:04:51", "text": "the amount of the monthly installment to make the the credit payment. Those two things once they change can throw your"}, {"start": "00:04:51", "end": "00:04:58", "text": "whole business model out of whack. And that's a lot of been what's happening, right? It's that same premise when we"}, {"start": "00:04:58", "end": "00:05:05", "text": "look at the positive impact of a Fed rate reduction. It's all based off the"}, {"start": "00:05:05", "end": "00:05:13", "text": "same principles of can I borrow today more for cheaper than I did yesterday?"}, {"start": "00:05:13", "end": "00:05:20", "text": "And if I can, then I'm going to because expansion in today's world is primarily"}, {"start": "00:05:20", "end": "00:05:27", "text": "done through the acquisition of more debt and more favorable repayment terms"}, {"start": "00:05:27", "end": "00:05:32", "text": "of that debt. And the minute those factors change, all of the downstream"}, {"start": "00:05:32", "end": "00:05:38", "text": "market effects change because they change the business model of those who"}, {"start": "00:05:38", "end": "00:05:45", "text": "are involved in that refi uh that that whole credit cycle"}, {"start": "00:05:45", "end": "00:05:50", "text": "whether it be refinancing or new debt being acquired. Because if you acquire"}, {"start": "00:05:50", "end": "00:05:58", "text": "debt today, most likely 90% of the time you're going to be a refinance participant when the terms come to roll"}, {"start": "00:05:58", "end": "00:06:03", "text": "over that debt. Right. Got it. So it seems like this is"}, {"start": "00:06:03", "end": "00:06:10", "text": "these are the things that no one really talks about in like when I was in school, no one talked to me about this. I basically said just save your money,"}, {"start": "00:06:10", "end": "00:06:16", "text": "put it in a savings account, and you should be just fine. work 40 to 50 years, maybe get a pension and maybe"}, {"start": "00:06:16", "end": "00:06:22", "text": "retire and then everything will be fine. Essentially, don't live until you're about to die. So, when you talk about"}, {"start": "00:06:22", "end": "00:06:27", "text": "that with as far as like debt, that is a it is a weird concept, but it does make"}, {"start": "00:06:27", "end": "00:06:33", "text": "sense. And then just to recap what you were talking about, so you've got So, first of all, who is taking on all this"}, {"start": "00:06:33", "end": "00:06:40", "text": "debt? They took in this $250 billion dollars of debt and they went to Japan and they bought they they put in so much"}, {"start": "00:06:40", "end": "00:06:45", "text": "money into Japan and then they they they took those"}, {"start": "00:06:45", "end": "00:06:52", "text": "is they bought they bought bonds from Japan. So they they acquire a bond which is a credit instrument"}, {"start": "00:06:52", "end": "00:06:58", "text": "and and that bond is going to yield this or it's going to be that. So um for"}, {"start": "00:06:58", "end": "00:07:04", "text": "instance when and it's not always bonds a lot of times it's commercial loans a"}, {"start": "00:07:04", "end": "00:07:11", "text": "lot of times it's commercial loans and those commercial loans are backed by the commercial entity that gave the loan in"}, {"start": "00:07:11", "end": "00:07:17", "text": "yen backed by ch uh Japanese bonds it's a it's a house of cards if you"}, {"start": "00:07:17", "end": "00:07:23", "text": "really really break it down I don't think your audience wants to go into the minutia and I'm really not an"}, {"start": "00:07:23", "end": "00:07:31", "text": "expert in the minutia but I understand the process and it's basically"}, {"start": "00:07:31", "end": "00:07:38", "text": "we're going to collateralize something that only one entity can authorize its"}, {"start": "00:07:38", "end": "00:07:44", "text": "value. For instance, a bond from a central bank is only redeemable at the central bank,"}, {"start": "00:07:44", "end": "00:07:50", "text": "not anywhere else. Right? So, it's like I can print our treasury does it all the"}, {"start": "00:07:50", "end": "00:07:57", "text": "time with our uh with the with the Fed, right? the issuance of bonds that nobody buys except for the Fed, which"}, {"start": "00:07:57", "end": "00:08:04", "text": "collateralize value for loans that go to banks. You and I couldn't do that."}, {"start": "00:08:04", "end": "00:08:11", "text": "No. Can you imagine you in your in the pool house there? You got a little printer. You print out the digital asset news"}, {"start": "00:08:11", "end": "00:08:17", "text": "bond and only the Bank of Jerry has the authority to issue you real value"}, {"start": "00:08:17", "end": "00:08:25", "text": "against it. even though there is no intrinsic value other than the confidence that your dog has in the food"}, {"start": "00:08:25", "end": "00:08:30", "text": "that you're going to provide him tomorrow. Well, yeah, exactly. That's that that's pretty much pretty much the big thing,"}, {"start": "00:08:30", "end": "00:08:36", "text": "you know, just to just to kind of sum this up before we get to the next piece is it comes down to this. So, when"}, {"start": "00:08:36", "end": "00:08:41", "text": "things are when rates are being cut, then people can take out more loans because they can have more debt and"}, {"start": "00:08:41", "end": "00:08:47", "text": "they're really happy because they're like, \"Oh, the the rates are going down. That means that I can take more debt onto myself and I can pay back any of"}, {"start": "00:08:47", "end": "00:08:53", "text": "their high income loans. Got it? So it' be like this just like we've talked about and this is a very small snippet"}, {"start": "00:08:53", "end": "00:08:58", "text": "of time in space. I mean we can take a look from 2008 to today just what"}, {"start": "00:08:58", "end": "00:09:05", "text": "happened with the just with with our markets. We were doing great when we had flat rates but as soon as we started to"}, {"start": "00:09:05", "end": "00:09:11", "text": "start to raise rates because we had flat rates for gosh 8 n 10 what is that seven"}, {"start": "00:09:11", "end": "00:09:18", "text": "years or so? eight years almost because of the financial crisis that we had in 2007 89 and then once we started to"}, {"start": "00:09:18", "end": "00:09:24", "text": "raise rates we could we we could justify it but then we we we continued we started to collapse same thing happened"}, {"start": "00:09:24", "end": "00:09:31", "text": "in 2020 we were flat and then we started to raise rates in 2022 what happened we collapsed and that's why I think the"}, {"start": "00:09:31", "end": "00:09:38", "text": "current administration is so adamant about dropping the rates to 1% because they know the value of debt makes sense"}, {"start": "00:09:38", "end": "00:09:45", "text": "so that's just one more thing to for you guys to to think about about what's going on globally and kind of bring this"}, {"start": "00:09:45", "end": "00:09:51", "text": "all together. But then there was this piece. This was a great article and I linked this in the description from"}, {"start": "00:09:51", "end": "00:09:58", "text": "Marilyn Hodal bit bonds and structural innovation and what they talked about it was just a big massive overview because"}, {"start": "00:09:58", "end": "00:10:04", "text": "Jerry I mean we were just talking about a very small piece of this puzzle but if we take a look at globally and the debt"}, {"start": "00:10:04", "end": "00:10:09", "text": "and the and the people behind the shadows this was a great uh piece. So a link in the description you can check it"}, {"start": "00:10:09", "end": "00:10:14", "text": "out. Trump's gambit, the quiet war between the White House and JP Morgan. It's long. I'm just going to give you"}, {"start": "00:10:14", "end": "00:10:20", "text": "the basics and then you can read the entire article, but you know, it's it's"}, {"start": "00:10:20", "end": "00:10:27", "text": "pretty uh pretty interesting. So, here's where it talks about this and this is what I always thought. The old order is"}, {"start": "00:10:27", "end": "00:10:33", "text": "centered around JP Morgan, Wall Street, and the Fed Reserve. And the new order is Treasury, stable coins, and Bitcoin,"}, {"start": "00:10:33", "end": "00:10:42", "text": "which makes sense, right? I see there's like this there's like the power struggle right now. And the banking industry has been in power forever. So"}, {"start": "00:10:42", "end": "00:10:47", "text": "for them to give up anything even an inch is very difficult. And this is the part that that confused me because I"}, {"start": "00:10:47", "end": "00:10:53", "text": "don't think of it this way. But now it makes sense. Most people think of JP Morgan as a bank. That's ex exactly how"}, {"start": "00:10:53", "end": "00:10:58", "text": "I think of it. Just as a bank people go there transactions. You got Jamie Diamond and he hates he hates Bitcoin"}, {"start": "00:10:58", "end": "00:11:05", "text": "for whatever reason. And that's pretty much how it is. And I just thought it's just a bank. Who cares? But JP Morgan is"}, {"start": "00:11:05", "end": "00:11:10", "text": "the operational arm of the global financial establishment. I know people will in the comments you can say Rob so"}, {"start": "00:11:10", "end": "00:11:17", "text": "naive. Well so what the entity that sits closest the Federal Reserve's core mechanism is JP Morgan. They are the"}, {"start": "00:11:17", "end": "00:11:24", "text": "influences dollar settlement worldwide and acts as the primary enforcer of the legacy monetary architecture."}, {"start": "00:11:24", "end": "00:11:29", "text": "And that's interesting. And then it comes comes down to this. I don't want to get political on the channel because"}, {"start": "00:11:29", "end": "00:11:35", "text": "it always devolves into just the worst comments. So, if I said the word Trump, nobody flip out. So, when Trump posted"}, {"start": "00:11:35", "end": "00:11:42", "text": "about Epstein's network, and he did recently, and thankfully, we're going to get uh the documentation is going to be"}, {"start": "00:11:42", "end": "00:11:49", "text": "released. Yes, it'll be redacted. I get it. But when he said this, when he said, \"Hey, I'll be asking Pam Bondi, the"}, {"start": "00:11:49", "end": "00:11:54", "text": "attorney general in the Department of Justice to investigate Jeffrey Epstein's involvement in relationship with Bill"}, {"start": "00:11:54", "end": "00:12:00", "text": "Clinton, Larry Summers, Reed Hoffman, JP Morgan, Chase, and many other people and"}, {"start": "00:12:00", "end": "00:12:07", "text": "institutions, determine what was going on with them.\" It was a pretty much like a shot across the bow. Like, look, this"}, {"start": "00:12:07", "end": "00:12:13", "text": "is what I think and this is how I'm want to bring you down. I don't know if that's going to be the only way, but here we go."}, {"start": "00:12:13", "end": "00:12:20", "text": "So you had JP Morgan everything going on CL and this was the interesting thing because Micro Strategy is kind of like"}, {"start": "00:12:20", "end": "00:12:26", "text": "it's like at the center of everything and it states clients trying to transfer their Micro Strategy shares out of JP"}, {"start": "00:12:26", "end": "00:12:32", "text": "Morgan report delivery delays. We talked about this a couple days ago. I don't know if you guys remember this but there"}, {"start": "00:12:32", "end": "00:12:38", "text": "is something going on with Micro Strategy. the shares that they have and of course you know trying to transfer"}, {"start": "00:12:38", "end": "00:12:43", "text": "from a one brokerage to another and JP Morgan is just saying we don't have it or we're having delay or there's kind of"}, {"start": "00:12:43", "end": "00:12:50", "text": "outage hinting at custody stress the kind that appears only when internal plumbing is under strain so now things"}, {"start": "00:12:50", "end": "00:12:57", "text": "start to make a little bit more sense because it's like oh they're just trying to slow down the operations potentially I'm not going to tinfoil hat everything"}, {"start": "00:12:57", "end": "00:13:04", "text": "just saying potentially the administration is calling working to pull the center of monetary issuance back toward the US Treasury but in to"}, {"start": "00:13:04", "end": "00:13:10", "text": "the US Treasury, not to the Federal Reserve. The Federal Reserve is about as federal as Federal Express. So when they"}, {"start": "00:13:10", "end": "00:13:17", "text": "pull when they pull this stuff, then they bring it back to the US Treasury, that's a governmental agency. And they"}, {"start": "00:13:17", "end": "00:13:23", "text": "want to do that with Treasury integrated stable coins. Again, my thesis, stable"}, {"start": "00:13:23", "end": "00:13:32", "text": "coins will do well with the best essentially Binance, Ethereum, Salana, and Tron. Programmable settlement rails,"}, {"start": "00:13:32", "end": "00:13:38", "text": "again, the best. and then Bitcoin reserves. So if that's the case, that's what it is. Then it goes into some other"}, {"start": "00:13:38", "end": "00:13:44", "text": "crazy stuff. Hold on. But this one, Micro Strategy, the conversion bridge. Micro Strategy is not just another"}, {"start": "00:13:44", "end": "00:13:49", "text": "corporate bit Bitcoin holder. It's become the conversion mechanism, the bridge between legacy institutional"}, {"start": "00:13:49", "end": "00:13:55", "text": "capital and the emerging Bitcoin monetary architecture. And lastly, if the administration envisions a future"}, {"start": "00:13:55", "end": "00:14:02", "text": "where treasurybacked digital dollars and Bitcoin exist, Micro Strategy is a crucial corporate conduit toward that"}, {"start": "00:14:02", "end": "00:14:08", "text": "transition. Jared, before we get into this response by Michael Sailor, there's"}, {"start": "00:14:08", "end": "00:14:14", "text": "a lot of things going on with micro strategy. What are your thoughts on just that the basics of that article? How"}, {"start": "00:14:14", "end": "00:14:19", "text": "crazy is that? Or is it makes sense? Oh, I think I think it I think it deserves further investigation and"}, {"start": "00:14:19", "end": "00:14:26", "text": "factchecking, right? Yeah, we we're kind of, you know, I'm I'm starting to transcend the the taking"}, {"start": "00:14:26", "end": "00:14:32", "text": "things at face value and doing more research and verifying things and factchecking things with multiple"}, {"start": "00:14:32", "end": "00:14:38", "text": "sources before I start to even really form I I think it's interesting. I think"}, {"start": "00:14:38", "end": "00:14:43", "text": "it requires more investigation and I can definitely see"}, {"start": "00:14:43", "end": "00:14:50", "text": "through from that pure standpoint of follow the incentives and I will show you the outcomes kind of thinking. Yeah,"}, {"start": "00:14:50", "end": "00:14:57", "text": "there is a tremendous amount at risk for the old guard that likes to kind of do"}, {"start": "00:14:57", "end": "00:15:04", "text": "the this. You know, we help create the laws. The laws are in our favor. Kind of like being the casino, right? The casino"}, {"start": "00:15:04", "end": "00:15:10", "text": "always wins. Well, that's how it's been for banks for a long time."}, {"start": "00:15:10", "end": "00:15:16", "text": "Yeah. Right. They they've been able to create out of nothing and profit from us. We"}, {"start": "00:15:16", "end": "00:15:26", "text": "are the product and and these technologies like blockchain, specifically Bitcoin and others um do"}, {"start": "00:15:26", "end": "00:15:32", "text": "promise to upend those things because of the just the sheer trans uh transparency"}, {"start": "00:15:32", "end": "00:15:38", "text": "involved, right? It's like when you know, you know. Yeah."}, {"start": "00:15:38", "end": "00:15:43", "text": "Why would you go back? Yeah. And and that's I mean that's that that's the great beautiful part of of"}, {"start": "00:15:43", "end": "00:15:49", "text": "Bitcoin and digital assets. The dark side is of course what's going on with the leverage plays and the dark money"}, {"start": "00:15:49", "end": "00:15:55", "text": "and these these different pits that are out there and what happened on October 10th. Let's never forget that we let"}, {"start": "00:15:55", "end": "00:16:02", "text": "institutions in. We let more of the corporations and we and we reap what we sew. So I know everybody was was"}, {"start": "00:16:02", "end": "00:16:07", "text": "celebrating, myself included, but you got to take the ugly nasty vileeness"}, {"start": "00:16:07", "end": "00:16:14", "text": "that comes along with Tradfi and how it merges and hopefully doesn't destroy what we're trying to build here. So, I'm"}, {"start": "00:16:14", "end": "00:16:19", "text": "gonna have you listen to to to Michael Sailor, what he talks about, but I'm I just want to give everybody a quick tip,"}, {"start": "00:16:19", "end": "00:16:25", "text": "which I thought was pretty which was pretty smart. Uh, in this article, at the very bottom of this article, see if"}, {"start": "00:16:25", "end": "00:16:31", "text": "I can get to it. Yeah, that"}, {"start": "00:16:31", "end": "00:16:37", "text": "said, and this is very good. Note to readers, if these concepts feel unfamiliar or complex, here's a simple"}, {"start": "00:16:37", "end": "00:16:44", "text": "way. Copy the text, open AI, paste the text. I was like, \"Not a bad idea.\" So,"}, {"start": "00:16:44", "end": "00:16:50", "text": "I did it. And instead of reading that whole thing, gives you like a nice little summary. So, if you're like,"}, {"start": "00:16:50", "end": "00:16:56", "text": "\"Hey, I got I got four kids. I got three jobs. I only got time for this.\" Just do that. Makes things super simple for you."}, {"start": "00:16:56", "end": "00:17:02", "text": "And then, uh, let's listen to Michael Sailor because there's a lot of lot of news that are going on with Micro"}, {"start": "00:17:02", "end": "00:17:07", "text": "Strategy. if there's like some kind of like margin call that is going on, which I don't think that's actually what it"}, {"start": "00:17:07", "end": "00:17:14", "text": "is. And then there's uh something with the MCI where they're essentially going to potentially kick out Micro Strategy"}, {"start": "00:17:14", "end": "00:17:21", "text": "in these digital asset treasuries. And of course, what's going on with the number of the margin and just take a"}, {"start": "00:17:21", "end": "00:17:27", "text": "listen to this. Maybe it'll it'll ease your your worries and woes."}, {"start": "00:17:27", "end": "00:17:33", "text": "Bitcoin's appreciating about 50% a year for the past five years. We expect it'll appreciate about 30% a year for the next"}, {"start": "00:17:33", "end": "00:17:40", "text": "20 years. And we offer these credit instruments that pay about 10% dividend yield in in the form of a return on"}, {"start": "00:17:40", "end": "00:17:46", "text": "capital dividends. And so it's a pretty strong business model. If you want to work out the math, as long as Bitcoin"}, {"start": "00:17:46", "end": "00:17:52", "text": "goes up 1.25% a year, the company can pay the dividend forever and create more shareholder"}, {"start": "00:17:52", "end": "00:17:59", "text": "value. If Bitcoin stops going up 0% forever, we got about 80 years to figure out what we're going to do about"}, {"start": "00:17:59", "end": "00:18:06", "text": "80 years. So, that's pretty much it. So, everybody, uh, well, Jerry, before we we"}, {"start": "00:18:06", "end": "00:18:11", "text": "wrap this up, what do you think about Sailor's comments? Are you worried about Micro Strategy? And you know, I think we"}, {"start": "00:18:11", "end": "00:18:20", "text": "should be worried a little bit just to like you said, do your own research if if what he says is technically true,"}, {"start": "00:18:20", "end": "00:18:27", "text": "which I believe it is because he for a for a for a person in his position"}, {"start": "00:18:27", "end": "00:18:35", "text": "as the chairman of the board, yeah, of that publicly traded company. if he were to make false statements regarding"}, {"start": "00:18:35", "end": "00:18:41", "text": "his company or the products that they have or you know or uh provide or sell"}, {"start": "00:18:41", "end": "00:18:48", "text": "that's those are felony charges and I do not believe for one second to"}, {"start": "00:18:48", "end": "00:18:54", "text": "ease the mind of some crypto den he would go on public television where he's"}, {"start": "00:18:54", "end": "00:18:59", "text": "recorded by 50 different elements and and commit a felony."}, {"start": "00:18:59", "end": "00:19:07", "text": "So I I believe what he's saying is true. Therefore, no, I don't have any any fear whatsoever. And matter of fact, I'm"}, {"start": "00:19:07", "end": "00:19:14", "text": "assured that the underlying elements are still as strong as they"}, {"start": "00:19:14", "end": "00:19:19", "text": "were when we were at all-time highs at 126 for Bitcoin. Therefore, the thesis"}, {"start": "00:19:19", "end": "00:19:25", "text": "is buy as much as I can and and if I need to sell a kidney because I've got"}, {"start": "00:19:25", "end": "00:19:31", "text": "two perfectly good working ones. That's true. blood type B positive for anybody out there who needs a kidney."}, {"start": "00:19:31", "end": "00:19:38", "text": "I'm I'm open. I'm there. Hey. Well, well, a couple of things. First of all, you only need uh 10 to 15%"}, {"start": "00:19:38", "end": "00:19:44", "text": "functioning of one kidney to stay off dialysis. So, uh if you if you you know, I'm just saying this is not kidney"}, {"start": "00:19:44", "end": "00:19:52", "text": "advice. This is not dialysis advice. Just saying if you don't need that kidney, just sure. And then also uh"}, {"start": "00:19:52", "end": "00:19:59", "text": "remember everybody, Tom Lee is still bullish and he says that Bitcoin will be as high as $200,000"}, {"start": "00:19:59", "end": "00:20:04", "text": "by January's end. So we'll go there. And then lastly, before we get into the Q&A,"}, {"start": "00:20:04", "end": "00:20:10", "text": "like what Jerry said, you know, Michael Sailor, if he came on here and said what he said and and it was inaccurate, he's"}, {"start": "00:20:10", "end": "00:20:15", "text": "committing a felony. I will just say I think Michael Sailor"}, {"start": "00:20:15", "end": "00:20:23", "text": "is a very smart guy. Hopefully he didn't do that. Um, you know, Sam Bankman really"}, {"start": "00:20:23", "end": "00:20:29", "text": "relatively smart did the same thing. That's why he's in jail. So, anyhow, that's it for today everybody. If you"}, {"start": "00:20:29", "end": "00:20:35", "text": "like today's video, give it a thumbs up. Give us a subscribe. You heard me talk about his time sensitive. Now, let's get"}, {"start": "00:20:35", "end": "00:20:42", "text": "into a little Q&A and uh we'll answer all your questions. There was a couple of ones. Gasp feed in the beginning"}, {"start": "00:20:42", "end": "00:20:47", "text": "before we even started and went live said, \"Hey, what happened with Cardano? Apparently, there was there was an"}, {"start": "00:20:47", "end": "00:20:54", "text": "attempted hack on uh uh the chain itself, but apparently it was thwarted"}, {"start": "00:20:54", "end": "00:21:00", "text": "and no one really knew anything any no one was any one the wiser. So, I don't know if there's something going on"}, {"start": "00:21:00", "end": "00:21:06", "text": "behind the scenes more. I saw I saw uh Charles Hoskinson gave out a nice little"}, {"start": "00:21:06", "end": "00:21:12", "text": "release uh on his channel and talked about what happened and didn't seem like it was a big thing. I think we're up and"}, {"start": "00:21:12", "end": "00:21:18", "text": "running right now. Jerry, anything to add to this one? Yeah. So, so technically there was a bug"}, {"start": "00:21:18", "end": "00:21:23", "text": "that was exploited and there were two chains for a period of time."}, {"start": "00:21:23", "end": "00:21:29", "text": "Really classic. Interesting. The interesting element of"}, {"start": "00:21:29", "end": "00:21:37", "text": "this is that at no time was the chain halted, right? and and the correction"}, {"start": "00:21:37", "end": "00:21:45", "text": "and fixes were put into place extremely fast. And once um uh a relatively"}, {"start": "00:21:45", "end": "00:21:52", "text": "decentsized majority of the state pool operators updated to the 10.5.3 new val"}, {"start": "00:21:52", "end": "00:21:59", "text": "like I'm sure your state pool is up to date, right? You guys updated your We Yeah, we already did it. So we're"}, {"start": "00:21:59", "end": "00:22:06", "text": "when it happened, right? As soon as you got the had access to the release, boom, you went to your your uh your nodes,"}, {"start": "00:22:06", "end": "00:22:16", "text": "your hardware, you you configured the new relays and bada bing, bada boom. And so although absolutely it happened, I"}, {"start": "00:22:16", "end": "00:22:22", "text": "think it's a testament to how it was built that it didn't break the chain. It"}, {"start": "00:22:22", "end": "00:22:29", "text": "didn't it didn't cause a catastrophic failure. It did not. I mean, it could"}, {"start": "00:22:29", "end": "00:22:34", "text": "have done a lot worse, but the fact is it did. There was a bug"}, {"start": "00:22:34", "end": "00:22:39", "text": "that did exploit the chain. Two chains were created as a result of it, a fork,"}, {"start": "00:22:39", "end": "00:22:46", "text": "and now it's been corrected without any without any slowdown. It did not stop the chain. They didn't have to"}, {"start": "00:22:46", "end": "00:22:52", "text": "reorganize everything, go back to a set point, and refire it up. I think that's"}, {"start": "00:22:52", "end": "00:22:58", "text": "amazing. Yeah. Yeah. I don't think I don't know if any other I mean some chains would"}, {"start": "00:22:58", "end": "00:23:04", "text": "probably just uh crumble and collapse. So I didn't like I heard about it and then it was like then the next thing I"}, {"start": "00:23:04", "end": "00:23:10", "text": "heard was like everything's fine. I'm like well great and then the guys that uh do the uh the stake pool were like"}, {"start": "00:23:10", "end": "00:23:17", "text": "hey we upgraded already. I'm like all right sounds good. My guys are on it. Gotta love it. Uh Plato says you know we"}, {"start": "00:23:17", "end": "00:23:24", "text": "should be like Jerry just be more B positive. Echol Lee says you have five."}, {"start": "00:23:24", "end": "00:23:29", "text": "Yeah. Yeah. Exactly. You got five liver loes. So just saying, you know, if"}, {"start": "00:23:29", "end": "00:23:35", "text": "you're gonna give up a kidney, I mean five liver lobes and they can regenerate all the way 100%. The liver."}, {"start": "00:23:35", "end": "00:23:42", "text": "Yeah, exact. Well, I mean I destroyed mine when I when I was younger, but uh"}, {"start": "00:23:42", "end": "00:23:47", "text": "I'm sure someone want it. Let's see what else we have here. Oh, this is a good"}, {"start": "00:23:47", "end": "00:23:54", "text": "one. Tony asks because we talked about this last week. Jerry, did you take that collateralized loan or did you say"}, {"start": "00:23:54", "end": "00:23:59", "text": "we didn't hit we didn't hit my number? We needed 80,000. But I am I am still"}, {"start": "00:23:59", "end": "00:24:06", "text": "contemplating doing something with Nexo or London. Uh LEN uh you know London"}, {"start": "00:24:06", "end": "00:24:12", "text": "London. Yeah, Ledn. That's the one with the uh I think they just do Bitcoin collateralized loans or they do other"}, {"start": "00:24:12", "end": "00:24:18", "text": "Bitcoin only. Whereas Nexo, there's a whole host of assets that you can collateralize."}, {"start": "00:24:18", "end": "00:24:26", "text": "Gotcha. Uh Jeff B says, \"Hey, Q for Jerry. What's he building and what network or network does he like to build"}, {"start": "00:24:26", "end": "00:24:32", "text": "and why?\" Uh well, my small startup is called Compute Portal and it's actually not on"}, {"start": "00:24:32", "end": "00:24:40", "text": "a crypto network. It is a network. It's basically we're trying to build the Amazon for compute. So we want to"}, {"start": "00:24:40", "end": "00:24:46", "text": "compete in a decentralized manner against centralized entities like AWS,"}, {"start": "00:24:46", "end": "00:24:52", "text": "Google Cloud, Microsoft Azour etc. by"}, {"start": "00:24:52", "end": "00:24:58", "text": "combining a network that we build as well as integration of networks like AOS"}, {"start": "00:24:58", "end": "00:25:03", "text": "and Aether and newet and Filecoin and Render and ION and and all the other"}, {"start": "00:25:03", "end": "00:25:09", "text": "decentralized resource services out there. bring them to one place and offer"}, {"start": "00:25:09", "end": "00:25:17", "text": "different hardware solutions, nodes as a service, you know, all kinds of incredible web three elements because"}, {"start": "00:25:17", "end": "00:25:22", "text": "that the world is going digital and more and more digital and etc etc etc. And so"}, {"start": "00:25:22", "end": "00:25:28", "text": "compute we feel is the oil of that expansion. So why not be at the"}, {"start": "00:25:28", "end": "00:25:33", "text": "commodity level? Yeah, why not be at the comm. Excellent."}, {"start": "00:25:33", "end": "00:25:41", "text": "Thank you for asking Jeff. Yeah. How about this one? Uh, well, Captain says, \"I agree with Jerry on"}, {"start": "00:25:41", "end": "00:25:46", "text": "sailor comments.\" Very nice. Ekko says, \"I use Nexo until the SEC took away"}, {"start": "00:25:46", "end": "00:25:52", "text": "their ability to pay yield.\" Do they have that back? No, I'm not. For sure. They do for non US clients and because"}, {"start": "00:25:52", "end": "00:25:59", "text": "I'm in Costa Rica. Okay. All of my to to Nexo, I appear to be a"}, {"start": "00:25:59", "end": "00:26:06", "text": "Costa Rican. Here's a question. Su or link for the next five years. What would you if you"}, {"start": "00:26:06", "end": "00:26:15", "text": "had to go between those two? Which one would you get? Totally different things, right? Suie is not trying to be the oracle for all"}, {"start": "00:26:15", "end": "00:26:20", "text": "chains out there. They're they're a layer one protocol. They want somebody to build a DAP on top of them that'll"}, {"start": "00:26:20", "end": "00:26:28", "text": "service a billion people. No differently than the way Ethereum does or Avalanche or Atom or Cardano or any of the other"}, {"start": "00:26:28", "end": "00:26:34", "text": "layer ones. So, I think they're two totally different things. So I think you could if you had a dollar put 50 cents"}, {"start": "00:26:34", "end": "00:26:39", "text": "into each if you if you like both of them. I go with that. I you know like for like"}, {"start": "00:26:39", "end": "00:26:46", "text": "upside potential it's a weird thing because it seems like once you get utility like real utility in the market"}, {"start": "00:26:46", "end": "00:26:53", "text": "barring Bitcoin and you know gold 2.0 and peer-to-peer transactions. I mean just saying that it just seems like the"}, {"start": "00:26:53", "end": "00:26:58", "text": "more utility you get it's like the less it does. It's all speculation because like you look at chain link like we all"}, {"start": "00:26:58", "end": "00:27:05", "text": "every chain should use chain link if you're a layer one or layer two. You have to pull that outside data into the chain. So I look at chain link I'm like"}, {"start": "00:27:05", "end": "00:27:11", "text": "this should be doing much better. It just isn't. This it's the same thing with like world mobile token right. They"}, {"start": "00:27:11", "end": "00:27:20", "text": "rolled out their plan globally for the phone service. I'm using the phone service. It works great data and calls"}, {"start": "00:27:20", "end": "00:27:27", "text": "yet the token itself pretty much flat or because as an altcoin it's going down chain length going flat going down and"}, {"start": "00:27:27", "end": "00:27:34", "text": "then of course like and then you take a look at sooie or sui it's doing good things it's building but it's just it's"}, {"start": "00:27:34", "end": "00:27:39", "text": "all about momentum and when momentum starts to go down liquidity it's just like a never- ending battle it seems"}, {"start": "00:27:39", "end": "00:27:45", "text": "like so if it was me like logically I would say it'd be chain link but you"}, {"start": "00:27:45", "end": "00:27:52", "text": "know who knows Uh, let's see what else we got. Cardano's there."}, {"start": "00:27:52", "end": "00:27:57", "text": "Collaboration known. Got that one. Oh, um, is there any way to tokenize a"}, {"start": "00:27:57", "end": "00:28:03", "text": "kidney? I'm not for sure, but I will tell you, we uh or I'm going to"}, {"start": "00:28:03", "end": "00:28:09", "text": "be at tokenize Puerto Rico in January. So, I'll have to ask the guys that"}, {"start": "00:28:09", "end": "00:28:15", "text": "question and then we'll we'll go from there. Let's see. You know what? I that's something I"}, {"start": "00:28:15", "end": "00:28:20", "text": "should try. Yeah, Jerry should try to to come over"}, {"start": "00:28:20", "end": "00:28:25", "text": "there. Be good times. Jimmy says, \"Uh, what did I miss?\" Uh, we just gave you"}, {"start": "00:28:25", "end": "00:28:30", "text": "me and Jerry gave our uh our price predictions for 2026."}, {"start": "00:28:30", "end": "00:28:36", "text": "And uh and we pretty much just told you when we're selling and when we're buying"}, {"start": "00:28:36", "end": "00:28:42", "text": "and it's all verifiable and that was it. Just kidding. We just talked about how"}, {"start": "00:28:42", "end": "00:28:48", "text": "bad the markets are and some some tin foil hat stuff which is pretty fun."}, {"start": "00:28:48", "end": "00:28:54", "text": "How about this one? Cryptomon says 100k bull trap then 70k"}, {"start": "00:28:54", "end": "00:29:01", "text": "then 50k then 30k on wine. What's the probabilities Jerry?"}, {"start": "00:29:01", "end": "00:29:07", "text": "You know, so so here here is my observation and it's just my"}, {"start": "00:29:07", "end": "00:29:12", "text": "perspective. What this question is referring to are"}, {"start": "00:29:12", "end": "00:29:18", "text": "mechanisms of manipulations and they are more profound and easier to execute with"}, {"start": "00:29:18", "end": "00:29:26", "text": "lower barriers when you are in lower liquidity elements. And so when crypto"}, {"start": "00:29:26", "end": "00:29:33", "text": "2017, 2018, 2014, these different we'll call it"}, {"start": "00:29:33", "end": "00:29:42", "text": "market cap structure elements of this of our industry. Um I think it's getting harder and harder for single entities to"}, {"start": "00:29:42", "end": "00:29:48", "text": "do those kind of manipulations. Therefore, it takes greater and greater pools of capital to create those type of"}, {"start": "00:29:48", "end": "00:29:55", "text": "offusations in the marketplace. And now that we have outside of our industry"}, {"start": "00:29:55", "end": "00:30:02", "text": "passive flows into our industry, i.e. ETFs and treasury strategy companies"}, {"start": "00:30:02", "end": "00:30:07", "text": "like Micro Strategy who have literally said and committed to when we have extra"}, {"start": "00:30:07", "end": "00:30:14", "text": "money, we're buying Bitcoin, period. Right? Those passive flows create a"}, {"start": "00:30:14", "end": "00:30:20", "text": "buying pressure that is positive for us and therefore harder"}, {"start": "00:30:20", "end": "00:30:28", "text": "to hit the downside numbers. Like for instance, what did the lowest we get to? 82 grand, 83 grand so far in this"}, {"start": "00:30:28", "end": "00:30:34", "text": "might be a wick to 80, I don't remember. Yeah. Right now, in the past, the pressure"}, {"start": "00:30:34", "end": "00:30:41", "text": "that created this contraction would have to taken us down to 30,000. Yeah."}, {"start": "00:30:41", "end": "00:30:49", "text": "Right. And and so as as the market participants rotate into a more institutionalbased"}, {"start": "00:30:49", "end": "00:30:57", "text": "set of participants, we are going to find it harder and harder and harder to create those type of circumstances in"}, {"start": "00:30:57", "end": "00:31:04", "text": "the market just because of the structure of the participants. Mhm. A lot of this stuff is locked up"}, {"start": "00:31:04", "end": "00:31:11", "text": "and you need nimble large stacks of liquidity to create those kind"}, {"start": "00:31:11", "end": "00:31:16", "text": "of situations. Yeah. So, as a Bitcoin, I don't think so."}, {"start": "00:31:16", "end": "00:31:22", "text": "Maybe in things like lower liquidity assets like the 5,000 different alts."}, {"start": "00:31:22", "end": "00:31:29", "text": "Absolutely. Very possible. And that's why like I mean just to just to finish this up just it goes on to your very"}, {"start": "00:31:29", "end": "00:31:35", "text": "first point about liquidity and and when things are locked up and you have to unwind a trade like you just talked"}, {"start": "00:31:35", "end": "00:31:41", "text": "about within Japan these are the problems that people have to sell off that's why there's so much sell pressure you have a lot of sell pressure things"}, {"start": "00:31:41", "end": "00:31:47", "text": "start to tumble and then of course when the rates are being raised across the I mean in Japan across the world we're"}, {"start": "00:31:47", "end": "00:31:53", "text": "seeing some some reduction in rates there's only so much you can do so I think there's going to be a little bit"}, {"start": "00:31:53", "end": "00:31:59", "text": "more sell pressure. I I think uh November is going to be kind of shot personally. We'll see what happens in"}, {"start": "00:31:59", "end": "00:32:06", "text": "December. Remember, Tom Lee says 200,000 and he's never wrong."}, {"start": "00:32:06", "end": "00:32:12", "text": "So, I hope he's right. I hope Tom Lee's right. But we'll see. Everybody, that's it for today. So, if you like today's video, thumbs up, subscribe, check out"}, {"start": "00:32:12", "end": "00:32:18", "text": "Jerry, and we'll be back next week for another show. Thanks, everybody."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "welcome to gel asset news i get top"}, {"start": "00:00:01", "end": "00:00:03", "text": "stories in crypto and i'm bringing out a"}, {"start": "00:00:03", "end": "00:00:04", "text": "bite size piece today's thumbnail"}, {"start": "00:00:04", "end": "00:00:06", "text": "suggests"}, {"start": "00:00:06", "end": "00:00:07", "text": "the us house committee is having a"}, {"start": "00:00:07", "end": "00:00:10", "text": "showdown between themselves"}, {"start": "00:00:10", "end": "00:00:12", "text": "and some titans in the crypto industry"}, {"start": "00:00:12", "end": "00:00:14", "text": "take a look at exactly what is said in"}, {"start": "00:00:14", "end": "00:00:16", "text": "these hearings and there's just a couple"}, {"start": "00:00:16", "end": "00:00:17", "text": "of snippets that we're going to take"}, {"start": "00:00:17", "end": "00:00:19", "text": "away from this three-hour long interview"}, {"start": "00:00:19", "end": "00:00:21", "text": "process i also want to take a look at i"}, {"start": "00:00:21", "end": "00:00:24", "text": "need to do a an update to the video we"}, {"start": "00:00:24", "end": "00:00:26", "text": "talked about yesterday as far as meld"}, {"start": "00:00:26", "end": "00:00:28", "text": "and the ispo or the initial stake pool"}, {"start": "00:00:28", "end": "00:00:30", "text": "offering of what it means to have these"}, {"start": "00:00:30", "end": "00:00:32", "text": "nfts and why it's going to close down"}, {"start": "00:00:32", "end": "00:00:34", "text": "and lastly we'll take a look at"}, {"start": "00:00:34", "end": "00:00:37", "text": "ftx the exchange and why they're having"}, {"start": "00:00:37", "end": "00:00:40", "text": "no gas fees for all of their nfts and"}, {"start": "00:00:40", "end": "00:00:41", "text": "lastly we'll take a look at some"}, {"start": "00:00:41", "end": "00:00:42", "text": "upcoming deep dive so before we get into"}, {"start": "00:00:42", "end": "00:00:43", "text": "that let's take a look let's go on the"}, {"start": "00:00:43", "end": "00:00:45", "text": "market so today it is wednesday pretty"}, {"start": "00:00:45", "end": "00:00:47", "text": "great day here in puerto rico there's a"}, {"start": "00:00:47", "end": "00:00:50", "text": "blockchain event going on right now i'm"}, {"start": "00:00:50", "end": "00:00:51", "text": "probably not going to go today too many"}, {"start": "00:00:51", "end": "00:00:53", "text": "things going on"}, {"start": "00:00:53", "end": "00:00:55", "text": "but in the market itself we're looking"}, {"start": "00:00:55", "end": "00:00:58", "text": "at two point almost 2.4 trillion we've"}, {"start": "00:00:58", "end": "00:01:00", "text": "actually slid down"}, {"start": "00:01:00", "end": "00:01:02", "text": "even more so and uh bitcoin price is 50"}, {"start": "00:01:02", "end": "00:01:05", "text": "50.7 average jelly sentiment still"}, {"start": "00:01:05", "end": "00:01:06", "text": "pretty neutral which is pretty"}, {"start": "00:01:06", "end": "00:01:08", "text": "surprising uh i think there's some"}, {"start": "00:01:08", "end": "00:01:09", "text": "people out there that just don't really"}, {"start": "00:01:09", "end": "00:01:10", "text": "care about the price there's like"}, {"start": "00:01:10", "end": "00:01:11", "text": "whatever"}, {"start": "00:01:11", "end": "00:01:13", "text": "just give me 200 000 because i don't"}, {"start": "00:01:13", "end": "00:01:14", "text": "know when it's gonna happen but it's"}, {"start": "00:01:14", "end": "00:01:16", "text": "gonna happen at some point and and"}, {"start": "00:01:16", "end": "00:01:19", "text": "that's uh that's a legitimate response"}, {"start": "00:01:19", "end": "00:01:20", "text": "because we've been getting kicked in the"}, {"start": "00:01:20", "end": "00:01:22", "text": "teeth lately with the different"}, {"start": "00:01:22", "end": "00:01:24", "text": "volatility but hey it's crypto and"}, {"start": "00:01:24", "end": "00:01:26", "text": "that's what it's all about so bitcoins"}, {"start": "00:01:26", "end": "00:01:28", "text": "50.7 there's no real big losers or"}, {"start": "00:01:28", "end": "00:01:31", "text": "winners today in 24 hours i mean two"}, {"start": "00:01:31", "end": "00:01:33", "text": "percent and one percent these are these"}, {"start": "00:01:33", "end": "00:01:34", "text": "are rookie traditional finance numbers"}, {"start": "00:01:34", "end": "00:01:36", "text": "nobody cares about this unit swaps up"}, {"start": "00:01:36", "end": "00:01:38", "text": "five percent watch out that's pretty"}, {"start": "00:01:38", "end": "00:01:40", "text": "good i mean i want to say near protocol"}, {"start": "00:01:40", "end": "00:01:44", "text": "25 no idea why who knows eos up 16"}, {"start": "00:01:44", "end": "00:01:46", "text": "probably some announcement that's for"}, {"start": "00:01:46", "end": "00:01:48", "text": "the top 50 that's what's happening so"}, {"start": "00:01:48", "end": "00:01:49", "text": "that's what it is in the market there's"}, {"start": "00:01:49", "end": "00:01:51", "text": "nothing really earth shattering or"}, {"start": "00:01:51", "end": "00:01:52", "text": "anything going on kind of hoping"}, {"start": "00:01:52", "end": "00:01:54", "text": "december would have been uh a more"}, {"start": "00:01:54", "end": "00:01:56", "text": "exciting month but you know it's funny"}, {"start": "00:01:56", "end": "00:01:58", "text": "thing because like with crypto like"}, {"start": "00:01:58", "end": "00:01:59", "text": "nothing happens for a little bit then"}, {"start": "00:01:59", "end": "00:02:01", "text": "all of a sudden something just explodes"}, {"start": "00:02:01", "end": "00:02:02", "text": "and all of a sudden everybody's like"}, {"start": "00:02:02", "end": "00:02:04", "text": "super excited so we'll see that actually"}, {"start": "00:02:04", "end": "00:02:06", "text": "happens before the end of the year so"}, {"start": "00:02:06", "end": "00:02:08", "text": "that's what we got right there but the"}, {"start": "00:02:08", "end": "00:02:10", "text": "big story today is what's going on in"}, {"start": "00:02:10", "end": "00:02:11", "text": "the uh"}, {"start": "00:02:11", "end": "00:02:14", "text": "u.s committee and what's happening as"}, {"start": "00:02:14", "end": "00:02:16", "text": "far as uh them being interviewed or"}, {"start": "00:02:16", "end": "00:02:18", "text": "interviewing these crypto titans or"}, {"start": "00:02:18", "end": "00:02:21", "text": "these crypto ceos so what i like about"}, {"start": "00:02:21", "end": "00:02:22", "text": "this is that first of all there's"}, {"start": "00:02:22", "end": "00:02:24", "text": "there's sam bakeman free and uh he is"}, {"start": "00:02:24", "end": "00:02:27", "text": "the ceo of ftx and it's him and brian"}, {"start": "00:02:27", "end": "00:02:30", "text": "brooks and miss hass from uh she's a cfo"}, {"start": "00:02:30", "end": "00:02:33", "text": "of uh of coinbase also they got uh some"}, {"start": "00:02:33", "end": "00:02:35", "text": "people from the stellar network and a"}, {"start": "00:02:35", "end": "00:02:36", "text": "lot of different people to come in there"}, {"start": "00:02:36", "end": "00:02:39", "text": "and talk to the committee and make them"}, {"start": "00:02:39", "end": "00:02:40", "text": "understand"}, {"start": "00:02:40", "end": "00:02:43", "text": "what it all is as far as cryptocurrency"}, {"start": "00:02:43", "end": "00:02:46", "text": "blockchain digital assets how this needs"}, {"start": "00:02:46", "end": "00:02:49", "text": "to be uh put forth in the forefront and"}, {"start": "00:02:49", "end": "00:02:51", "text": "actually do something about it instead"}, {"start": "00:02:51", "end": "00:02:52", "text": "of just tiptoeing around the actual"}, {"start": "00:02:52", "end": "00:02:55", "text": "subject and let's get some real concrete"}, {"start": "00:02:55", "end": "00:02:58", "text": "ideas and a little bit of regulation i"}, {"start": "00:02:58", "end": "00:03:00", "text": "know people are scared about that but"}, {"start": "00:03:00", "end": "00:03:02", "text": "let's let's just stop tiptoeing around"}, {"start": "00:03:02", "end": "00:03:04", "text": "give us some parameters and then we'll"}, {"start": "00:03:04", "end": "00:03:05", "text": "see what we can do it's just like it's"}, {"start": "00:03:05", "end": "00:03:08", "text": "just like taxes right when you know what"}, {"start": "00:03:08", "end": "00:03:09", "text": "you're going to be taxed on then of"}, {"start": "00:03:09", "end": "00:03:11", "text": "course you can say okay well that's what"}, {"start": "00:03:11", "end": "00:03:12", "text": "you're going to give to me well here's"}, {"start": "00:03:12", "end": "00:03:14", "text": "some ways that i can minimize my taxes"}, {"start": "00:03:14", "end": "00:03:16", "text": "now that i know exactly what you want"}, {"start": "00:03:16", "end": "00:03:17", "text": "from me"}, {"start": "00:03:17", "end": "00:03:18", "text": "now i can"}, {"start": "00:03:18", "end": "00:03:19", "text": "do whatever i want to do as far as"}, {"start": "00:03:19", "end": "00:03:21", "text": "legally and do these things that i need"}, {"start": "00:03:21", "end": "00:03:24", "text": "to do to make myself better so this is"}, {"start": "00:03:24", "end": "00:03:26", "text": "i think an important day or part of the"}, {"start": "00:03:26", "end": "00:03:28", "text": "important days what i like about this is"}, {"start": "00:03:28", "end": "00:03:29", "text": "it's not you just don't have somebody"}, {"start": "00:03:29", "end": "00:03:32", "text": "like like sec chairman gary gensler or"}, {"start": "00:03:32", "end": "00:03:34", "text": "janet yellen coming in uh coming in and"}, {"start": "00:03:34", "end": "00:03:37", "text": "talking about how cryptos uh it's awful"}, {"start": "00:03:37", "end": "00:03:39", "text": "and uh we need to really regulate the"}, {"start": "00:03:39", "end": "00:03:40", "text": "you know just living part of it and"}, {"start": "00:03:40", "end": "00:03:43", "text": "everything's a security and blah blah i"}, {"start": "00:03:43", "end": "00:03:45", "text": "was not a big fan of this because this"}, {"start": "00:03:45", "end": "00:03:47", "text": "was the first kind of interaction that"}, {"start": "00:03:47", "end": "00:03:49", "text": "the house committee"}, {"start": "00:03:49", "end": "00:03:51", "text": "got as far as like what cryptocurrency"}, {"start": "00:03:51", "end": "00:03:52", "text": "is and now they're getting a different"}, {"start": "00:03:52", "end": "00:03:55", "text": "perspective and i think to really sum"}, {"start": "00:03:55", "end": "00:03:57", "text": "this up there was three points here that"}, {"start": "00:03:57", "end": "00:03:59", "text": "caught my attention the first one"}, {"start": "00:03:59", "end": "00:04:02", "text": "is this is miss haas she's the cfo of"}, {"start": "00:04:02", "end": "00:04:05", "text": "coinbase and she's going to talk to them"}, {"start": "00:04:05", "end": "00:04:07", "text": "about how look anything can be tokenized"}, {"start": "00:04:07", "end": "00:04:09", "text": "and you have to understand"}, {"start": "00:04:09", "end": "00:04:11", "text": "exactly what that means because i think"}, {"start": "00:04:11", "end": "00:04:12", "text": "a lot of these people i know they're"}, {"start": "00:04:12", "end": "00:04:14", "text": "trying to play catch-up they really are"}, {"start": "00:04:14", "end": "00:04:16", "text": "and if you take a look at the average"}, {"start": "00:04:16", "end": "00:04:17", "text": "age of some of these house committee"}, {"start": "00:04:17", "end": "00:04:18", "text": "members you're like wow i can't believe"}, {"start": "00:04:18", "end": "00:04:20", "text": "you're actually driving but i mean here"}, {"start": "00:04:20", "end": "00:04:22", "text": "they have to understand what digital"}, {"start": "00:04:22", "end": "00:04:24", "text": "assets are i think ms hass kind of lays"}, {"start": "00:04:24", "end": "00:04:26", "text": "it all out so just take a listen"}, {"start": "00:04:26", "end": "00:04:29", "text": "important to share that anything"}, {"start": "00:04:29", "end": "00:04:31", "text": "can be tokenized any item of value and"}, {"start": "00:04:31", "end": "00:04:33", "text": "this is the internet of value that we're"}, {"start": "00:04:33", "end": "00:04:35", "text": "talking about with web 3.0 so the early"}, {"start": "00:04:35", "end": "00:04:36", "text": "things that we're talking about are the"}, {"start": "00:04:36", "end": "00:04:39", "text": "protocol layer over the protocol layer"}, {"start": "00:04:39", "end": "00:04:40", "text": "we see infrastructure being built and"}, {"start": "00:04:40", "end": "00:04:42", "text": "then we see applications being built as"}, {"start": "00:04:42", "end": "00:04:45", "text": "the next layer so bitcoin ethereum"}, {"start": "00:04:45", "end": "00:04:47", "text": "stellar solana these are all important"}, {"start": "00:04:47", "end": "00:04:49", "text": "protocol layers that we're talking about"}, {"start": "00:04:49", "end": "00:04:50", "text": "and on top of these we see applications"}, {"start": "00:04:50", "end": "00:04:52", "text": "so an interesting article was published"}, {"start": "00:04:52", "end": "00:04:55", "text": "yesterday that gaming platforms so video"}, {"start": "00:04:55", "end": "00:04:56", "text": "games that many of you may play your"}, {"start": "00:04:56", "end": "00:04:59", "text": "children may play gaming where nfts"}, {"start": "00:04:59", "end": "00:05:01", "text": "non-fungible tokens which means they're"}, {"start": "00:05:01", "end": "00:05:02", "text": "different every token is different think"}, {"start": "00:05:02", "end": "00:05:04", "text": "about a shield or a sword or something"}, {"start": "00:05:04", "end": "00:05:06", "text": "of value are being most accurately"}, {"start": "00:05:06", "end": "00:05:07", "text": "traded and it was"}, {"start": "00:05:07", "end": "00:05:09", "text": "a significant percent of the assets in"}, {"start": "00:05:09", "end": "00:05:12", "text": "d5 decentralized finance in november"}, {"start": "00:05:12", "end": "00:05:15", "text": "were traded in apps and so we're seeing"}, {"start": "00:05:15", "end": "00:05:16", "text": "all types of things we've had early"}, {"start": "00:05:16", "end": "00:05:18", "text": "conversations with real estate"}, {"start": "00:05:18", "end": "00:05:19", "text": "developers to get broader global"}, {"start": "00:05:19", "end": "00:05:21", "text": "liquidity more liquid markets for tokens"}, {"start": "00:05:21", "end": "00:05:23", "text": "we've seen a lot of innovation in the"}, {"start": "00:05:23", "end": "00:05:24", "text": "payment space"}, {"start": "00:05:24", "end": "00:05:26", "text": "and a lot of innovation at nfts with"}, {"start": "00:05:26", "end": "00:05:28", "text": "digital art but this is just the tip and"}, {"start": "00:05:28", "end": "00:05:30", "text": "i think just like back in the early 90s"}, {"start": "00:05:30", "end": "00:05:31", "text": "we were thinking about the internet and"}, {"start": "00:05:31", "end": "00:05:33", "text": "we couldn't envision uber we don't know"}, {"start": "00:05:33", "end": "00:05:35", "text": "what the future is and there's so much"}, {"start": "00:05:35", "end": "00:05:37", "text": "ahead of us yeah so if they weren't"}, {"start": "00:05:37", "end": "00:05:39", "text": "confused before i'm sure they're really"}, {"start": "00:05:39", "end": "00:05:40", "text": "confused right now hopefully some"}, {"start": "00:05:40", "end": "00:05:42", "text": "actually got picked up a little piece of"}, {"start": "00:05:42", "end": "00:05:44", "text": "that but the more the most important"}, {"start": "00:05:44", "end": "00:05:45", "text": "thing there was two things to me first"}, {"start": "00:05:45", "end": "00:05:48", "text": "of all this is we did a video me and cto"}, {"start": "00:05:48", "end": "00:05:49", "text": "larson if you haven't listened to him go"}, {"start": "00:05:49", "end": "00:05:51", "text": "check out his his uh channel i'll link"}, {"start": "00:05:51", "end": "00:05:54", "text": "it below he says you can't you couldn't"}, {"start": "00:05:54", "end": "00:05:56", "text": "invest into the protocol of the internet"}, {"start": "00:05:56", "end": "00:05:57", "text": "back in the early 90s you couldn't"}, {"start": "00:05:57", "end": "00:06:00", "text": "invest into https you couldn't invest"}, {"start": "00:06:00", "end": "00:06:02", "text": "into any kind of underlying structure"}, {"start": "00:06:02", "end": "00:06:04", "text": "that was a protocol because but now with"}, {"start": "00:06:04", "end": "00:06:06", "text": "bitcoin ethereum thing like that you can"}, {"start": "00:06:06", "end": "00:06:08", "text": "invest in the protocol that's exactly"}, {"start": "00:06:08", "end": "00:06:09", "text": "what she said right there and the last"}, {"start": "00:06:09", "end": "00:06:12", "text": "thing was the most telling which was we"}, {"start": "00:06:12", "end": "00:06:14", "text": "don't know we can't envision what's"}, {"start": "00:06:14", "end": "00:06:15", "text": "actually going to be"}, {"start": "00:06:15", "end": "00:06:17", "text": "in the future as far as crypto digital"}, {"start": "00:06:17", "end": "00:06:18", "text": "assets and where it actually is really"}, {"start": "00:06:18", "end": "00:06:21", "text": "taking us as she compared it to the 90s"}, {"start": "00:06:21", "end": "00:06:23", "text": "and to really prove my point i want you"}, {"start": "00:06:23", "end": "00:06:26", "text": "to watch this snippet this is bill gates"}, {"start": "00:06:26", "end": "00:06:28", "text": "and letterman and they're talking about"}, {"start": "00:06:28", "end": "00:06:29", "text": "the internet when it first came about"}, {"start": "00:06:29", "end": "00:06:31", "text": "it's like in the mid 90s and how"}, {"start": "00:06:31", "end": "00:06:35", "text": "laughable it is then which is exactly"}, {"start": "00:06:35", "end": "00:06:36", "text": "where we're not exactly but pretty much"}, {"start": "00:06:36", "end": "00:06:38", "text": "where we're at right now with crypto so"}, {"start": "00:06:38", "end": "00:06:40", "text": "check this out"}, {"start": "00:06:40", "end": "00:06:42", "text": "but but you know i think about this and"}, {"start": "00:06:42", "end": "00:06:43", "text": "what about this internet thing do you"}, {"start": "00:06:43", "end": "00:06:45", "text": "know anything about that sure"}, {"start": "00:06:45", "end": "00:06:49", "text": "what the hell is that exactly well it's"}, {"start": "00:06:49", "end": "00:06:50", "text": "it's become a place where people are"}, {"start": "00:06:50", "end": "00:06:52", "text": "publishing information so"}, {"start": "00:06:52", "end": "00:06:54", "text": "everybody can have their own home page"}, {"start": "00:06:54", "end": "00:06:56", "text": "companies are there the latest"}, {"start": "00:06:56", "end": "00:06:58", "text": "information it's wild what's going on"}, {"start": "00:06:58", "end": "00:07:01", "text": "you can send electronic mail to people"}, {"start": "00:07:01", "end": "00:07:03", "text": "uh it is the big news thing yeah but you"}, {"start": "00:07:03", "end": "00:07:06", "text": "know uh it's easy to criticize something"}, {"start": "00:07:06", "end": "00:07:07", "text": "you don't fully understand which is my"}, {"start": "00:07:07", "end": "00:07:09", "text": "position here go ahead but i can"}, {"start": "00:07:09", "end": "00:07:11", "text": "remember a couple of months ago there"}, {"start": "00:07:11", "end": "00:07:12", "text": "was like a big breakthrough announcement"}, {"start": "00:07:12", "end": "00:07:15", "text": "that on the internet or on some computer"}, {"start": "00:07:15", "end": "00:07:17", "text": "deal they were going to broadcast a"}, {"start": "00:07:17", "end": "00:07:19", "text": "baseball game you could listen to a"}, {"start": "00:07:19", "end": "00:07:21", "text": "baseball game on your computer and i"}, {"start": "00:07:21", "end": "00:07:23", "text": "just thought to myself"}, {"start": "00:07:23", "end": "00:07:27", "text": "does radio ring a bell"}, {"start": "00:07:28", "end": "00:07:31", "text": "you know what i mean"}, {"start": "00:07:32", "end": "00:07:34", "text": "this there's a difference there's a"}, {"start": "00:07:34", "end": "00:07:35", "text": "difference"}, {"start": "00:07:35", "end": "00:07:37", "text": "what is the difference you can you can"}, {"start": "00:07:37", "end": "00:07:39", "text": "listen to the baseball game whenever you"}, {"start": "00:07:39", "end": "00:07:42", "text": "want right too oh i see so it's stored"}, {"start": "00:07:42", "end": "00:07:45", "text": "in one of your memory deals exactly"}, {"start": "00:07:45", "end": "00:07:46", "text": "yeah"}, {"start": "00:07:46", "end": "00:07:50", "text": "do tape recorders ring a bell"}, {"start": "00:07:53", "end": "00:07:55", "text": "yeah i just i just don't know"}, {"start": "00:07:55", "end": "00:07:57", "text": "so yeah pretty much laughable and the"}, {"start": "00:07:57", "end": "00:07:58", "text": "whole thing that i brought this your"}, {"start": "00:07:58", "end": "00:08:00", "text": "attention was because the way that we"}, {"start": "00:08:00", "end": "00:08:02", "text": "got around this with the internet is"}, {"start": "00:08:02", "end": "00:08:03", "text": "because we had a little bit of"}, {"start": "00:08:03", "end": "00:08:06", "text": "regulation but we weren't super"}, {"start": "00:08:06", "end": "00:08:08", "text": "heavy-handed in it we didn't like pass"}, {"start": "00:08:08", "end": "00:08:10", "text": "out all these like crushing things that"}, {"start": "00:08:10", "end": "00:08:12", "text": "stifle innovation we allowed the"}, {"start": "00:08:12", "end": "00:08:14", "text": "internet to flourish and that's why we"}, {"start": "00:08:14", "end": "00:08:15", "text": "brought things forth and that's why we"}, {"start": "00:08:15", "end": "00:08:17", "text": "have like you know silicon valley over"}, {"start": "00:08:17", "end": "00:08:18", "text": "there in california we can do all these"}, {"start": "00:08:18", "end": "00:08:20", "text": "great things with the internet because"}, {"start": "00:08:20", "end": "00:08:22", "text": "we allow these things to happen"}, {"start": "00:08:22", "end": "00:08:24", "text": "if we don't do these things and we"}, {"start": "00:08:24", "end": "00:08:26", "text": "stifle innovation that's okay because"}, {"start": "00:08:26", "end": "00:08:28", "text": "there's a plenty of other countries"}, {"start": "00:08:28", "end": "00:08:31", "text": "which would love to pick up all of the"}, {"start": "00:08:31", "end": "00:08:33", "text": "scraps around and just i shouldn't say"}, {"start": "00:08:33", "end": "00:08:35", "text": "scraps but the actual businesses that"}, {"start": "00:08:35", "end": "00:08:37", "text": "are blockchain technology go if you guys"}, {"start": "00:08:37", "end": "00:08:39", "text": "aren't going to do it don't worry this"}, {"start": "00:08:39", "end": "00:08:41", "text": "is the future we'll take care of that"}, {"start": "00:08:41", "end": "00:08:42", "text": "we'll also take care of ai because you"}, {"start": "00:08:42", "end": "00:08:43", "text": "don't know what the heck's going on with"}, {"start": "00:08:43", "end": "00:08:45", "text": "there so we're going to do all these"}, {"start": "00:08:45", "end": "00:08:46", "text": "things and we'll just push you off the"}, {"start": "00:08:46", "end": "00:08:48", "text": "side and that is one of the big things"}, {"start": "00:08:48", "end": "00:08:49", "text": "that they're talking about so that was"}, {"start": "00:08:49", "end": "00:08:51", "text": "the first part and the second part i"}, {"start": "00:08:51", "end": "00:08:54", "text": "found quite interesting brian brooks"}, {"start": "00:08:54", "end": "00:08:55", "text": "this is the"}, {"start": "00:08:55", "end": "00:08:57", "text": "former occ the uh officer the"}, {"start": "00:08:57", "end": "00:09:00", "text": "comptroller the currency and he laid it"}, {"start": "00:09:00", "end": "00:09:03", "text": "out and said look let's just"}, {"start": "00:09:03", "end": "00:09:05", "text": "talk about what is going to"}, {"start": "00:09:05", "end": "00:09:07", "text": "allow for projects to succeed and it"}, {"start": "00:09:07", "end": "00:09:09", "text": "comes down to"}, {"start": "00:09:09", "end": "00:09:11", "text": "true decentralization and this is a"}, {"start": "00:09:11", "end": "00:09:13", "text": "pretty good point as to what we should"}, {"start": "00:09:13", "end": "00:09:14", "text": "all be looking for as far as as"}, {"start": "00:09:14", "end": "00:09:17", "text": "investors uh for crypto products so just"}, {"start": "00:09:17", "end": "00:09:19", "text": "take a listen mr lukemire i'll do you"}, {"start": "00:09:19", "end": "00:09:21", "text": "one better on your hypothetical which is"}, {"start": "00:09:21", "end": "00:09:23", "text": "we've now seen major banks deplatforming"}, {"start": "00:09:23", "end": "00:09:25", "text": "both industries and individual customers"}, {"start": "00:09:25", "end": "00:09:26", "text": "for not uh not sharing the right point"}, {"start": "00:09:26", "end": "00:09:28", "text": "of view so these are scary ideas the"}, {"start": "00:09:28", "end": "00:09:30", "text": "point of crypto"}, {"start": "00:09:30", "end": "00:09:32", "text": "is to have true decentralization and the"}, {"start": "00:09:32", "end": "00:09:34", "text": "projects that succeed will be the"}, {"start": "00:09:34", "end": "00:09:36", "text": "projects that achieve that bitcoin"}, {"start": "00:09:36", "end": "00:09:38", "text": "succeeded because there are literally"}, {"start": "00:09:38", "end": "00:09:40", "text": "millions of participants in the node"}, {"start": "00:09:40", "end": "00:09:42", "text": "network and so there is no"}, {"start": "00:09:42", "end": "00:09:44", "text": "ceo of twitter to d platform or there's"}, {"start": "00:09:44", "end": "00:09:46", "text": "no ceo of jpmorgan to take away your"}, {"start": "00:09:46", "end": "00:09:49", "text": "credit card it's user control some of"}, {"start": "00:09:49", "end": "00:09:50", "text": "these won't achieve that they'll be"}, {"start": "00:09:50", "end": "00:09:52", "text": "consigned to the ash heap of history i"}, {"start": "00:09:52", "end": "00:09:54", "text": "predict so there's that and there's a"}, {"start": "00:09:54", "end": "00:09:56", "text": "couple of things i didn't really bring"}, {"start": "00:09:56", "end": "00:09:57", "text": "uh"}, {"start": "00:09:57", "end": "00:09:58", "text": "to your attention as far as like these"}, {"start": "00:09:58", "end": "00:10:01", "text": "clips and a couple of those were i wish"}, {"start": "00:10:01", "end": "00:10:02", "text": "there was like a fact checker when they"}, {"start": "00:10:02", "end": "00:10:04", "text": "had these hearings which also like to"}, {"start": "00:10:04", "end": "00:10:05", "text": "see like fact-checkers when we have like"}, {"start": "00:10:05", "end": "00:10:06", "text": "presidential debates because it's just"}, {"start": "00:10:06", "end": "00:10:08", "text": "too crazy but there was a couple of"}, {"start": "00:10:08", "end": "00:10:10", "text": "times when we heard the same song and"}, {"start": "00:10:10", "end": "00:10:13", "text": "dance which was you know cryptocurrency"}, {"start": "00:10:13", "end": "00:10:14", "text": "is being used for illicit activities and"}, {"start": "00:10:14", "end": "00:10:18", "text": "drug wars and cartels and and terrorism"}, {"start": "00:10:18", "end": "00:10:19", "text": "i just wish there was some way just to"}, {"start": "00:10:19", "end": "00:10:22", "text": "step in and go correction uh really what"}, {"start": "00:10:22", "end": "00:10:23", "text": "is being used there is the us dollar and"}, {"start": "00:10:23", "end": "00:10:25", "text": "that's the the majority of what's being"}, {"start": "00:10:25", "end": "00:10:27", "text": "used so don't put that in there that's"}, {"start": "00:10:27", "end": "00:10:28", "text": "totally incorrect and then there's a"}, {"start": "00:10:28", "end": "00:10:30", "text": "couple of different things that would"}, {"start": "00:10:30", "end": "00:10:32", "text": "just be great if someone could just go"}, {"start": "00:10:32", "end": "00:10:34", "text": "that's not right but it is a hearing so"}, {"start": "00:10:34", "end": "00:10:36", "text": "that is you know it is what it is and"}, {"start": "00:10:36", "end": "00:10:38", "text": "then the last one i'll make mention of"}, {"start": "00:10:38", "end": "00:10:39", "text": "is again"}, {"start": "00:10:39", "end": "00:10:41", "text": "uh brian brooks comes out and he says"}, {"start": "00:10:41", "end": "00:10:43", "text": "you know it's all really comes down to"}, {"start": "00:10:43", "end": "00:10:45", "text": "the us dollar because a lot of the"}, {"start": "00:10:45", "end": "00:10:47", "text": "different discussions were well we don't"}, {"start": "00:10:47", "end": "00:10:49", "text": "like these stable coins we don't like"}, {"start": "00:10:49", "end": "00:10:50", "text": "cryptocurrency because it's going to"}, {"start": "00:10:50", "end": "00:10:52", "text": "take away from the strength of the us"}, {"start": "00:10:52", "end": "00:10:54", "text": "dollar as the reserve currency which"}, {"start": "00:10:54", "end": "00:10:56", "text": "they are the government so that would"}, {"start": "00:10:56", "end": "00:10:58", "text": "probably be a pretty good argument for"}, {"start": "00:10:58", "end": "00:10:58", "text": "them to make because they're like we"}, {"start": "00:10:58", "end": "00:11:00", "text": "don't want to lose power"}, {"start": "00:11:00", "end": "00:11:02", "text": "but brooks puts in a very eloquent way"}, {"start": "00:11:02", "end": "00:11:05", "text": "as why they need to do this"}, {"start": "00:11:05", "end": "00:11:07", "text": "as compared to not do it and it's"}, {"start": "00:11:07", "end": "00:11:08", "text": "actually going to help the us dollar"}, {"start": "00:11:08", "end": "00:11:10", "text": "take a listen mr lukemire is terrific to"}, {"start": "00:11:10", "end": "00:11:13", "text": "see you again and um i'd give you a"}, {"start": "00:11:13", "end": "00:11:14", "text": "couple of thoughts on that important"}, {"start": "00:11:14", "end": "00:11:15", "text": "question"}, {"start": "00:11:15", "end": "00:11:18", "text": "one is if we start with stable coins"}, {"start": "00:11:18", "end": "00:11:20", "text": "before we talk about other crypto assets"}, {"start": "00:11:20", "end": "00:11:22", "text": "i've said for a long time that the"}, {"start": "00:11:22", "end": "00:11:24", "text": "secular reduction in dollar holdings as"}, {"start": "00:11:24", "end": "00:11:26", "text": "a percentage of global central bank"}, {"start": "00:11:26", "end": "00:11:27", "text": "holdings"}, {"start": "00:11:27", "end": "00:11:29", "text": "is alarming and this has been going on"}, {"start": "00:11:29", "end": "00:11:31", "text": "for more than 10 years at this point so"}, {"start": "00:11:31", "end": "00:11:33", "text": "dollars as a share of the european"}, {"start": "00:11:33", "end": "00:11:34", "text": "central bank the japanese central bank"}, {"start": "00:11:34", "end": "00:11:37", "text": "et cetera has shrunk from 80 plus"}, {"start": "00:11:37", "end": "00:11:39", "text": "percent to more like 60 plus percent in"}, {"start": "00:11:39", "end": "00:11:40", "text": "a short amount of time"}, {"start": "00:11:40", "end": "00:11:42", "text": "what that tells me is that in the future"}, {"start": "00:11:42", "end": "00:11:44", "text": "with the rise of china and other major"}, {"start": "00:11:44", "end": "00:11:46", "text": "economies the u.s dollar can't take its"}, {"start": "00:11:46", "end": "00:11:48", "text": "primacy for granted and we need to start"}, {"start": "00:11:48", "end": "00:11:51", "text": "thinking about competing on utility on"}, {"start": "00:11:51", "end": "00:11:53", "text": "features not just based on a post-world"}, {"start": "00:11:53", "end": "00:11:55", "text": "war ii monetary system that we could"}, {"start": "00:11:55", "end": "00:11:56", "text": "take for granted for the last two"}, {"start": "00:11:56", "end": "00:11:58", "text": "generations and that's one of the"}, {"start": "00:11:58", "end": "00:11:59", "text": "reasons that i've been such a supporter"}, {"start": "00:11:59", "end": "00:12:02", "text": "of internet enabled dollars which allow"}, {"start": "00:12:02", "end": "00:12:04", "text": "us to compete on features not only on"}, {"start": "00:12:04", "end": "00:12:05", "text": "history i think that's really critically"}, {"start": "00:12:05", "end": "00:12:07", "text": "important the second thing i would tell"}, {"start": "00:12:07", "end": "00:12:11", "text": "you is as we enter year 11 or 12 of a"}, {"start": "00:12:11", "end": "00:12:13", "text": "highly inflationary environment after"}, {"start": "00:12:13", "end": "00:12:15", "text": "all we've been printing enormous numbers"}, {"start": "00:12:15", "end": "00:12:16", "text": "of new dollars since the financial"}, {"start": "00:12:16", "end": "00:12:17", "text": "crisis"}, {"start": "00:12:17", "end": "00:12:20", "text": "there will come a time gradually then"}, {"start": "00:12:20", "end": "00:12:22", "text": "suddenly when the attractiveness of the"}, {"start": "00:12:22", "end": "00:12:24", "text": "dollar relative to other currencies"}, {"start": "00:12:24", "end": "00:12:25", "text": "could change"}, {"start": "00:12:25", "end": "00:12:27", "text": "one of the benefits of the crypto"}, {"start": "00:12:27", "end": "00:12:29", "text": "economy is that it creates some counter"}, {"start": "00:12:29", "end": "00:12:31", "text": "incentives on the part of the fed to do"}, {"start": "00:12:31", "end": "00:12:33", "text": "that kind of policy because people will"}, {"start": "00:12:33", "end": "00:12:36", "text": "flee to other kinds of assets and that"}, {"start": "00:12:36", "end": "00:12:38", "text": "sort of market competition is something"}, {"start": "00:12:38", "end": "00:12:39", "text": "that i think will ultimately shore up"}, {"start": "00:12:39", "end": "00:12:41", "text": "our monetary policy and keep the dollar"}, {"start": "00:12:41", "end": "00:12:43", "text": "where it rightfully ought to be which is"}, {"start": "00:12:43", "end": "00:12:45", "text": "as the dominant reserve currency it's"}, {"start": "00:12:45", "end": "00:12:47", "text": "been for all of our lives perfect"}, {"start": "00:12:47", "end": "00:12:49", "text": "basically what he's saying here is that"}, {"start": "00:12:49", "end": "00:12:51", "text": "there's so much quantitative easing who"}, {"start": "00:12:51", "end": "00:12:53", "text": "is going to put in check the federal"}, {"start": "00:12:53", "end": "00:12:55", "text": "reserve is it you congressman is you"}, {"start": "00:12:55", "end": "00:12:56", "text": "congresswoman who's actually going to do"}, {"start": "00:12:56", "end": "00:12:59", "text": "that or is it could we just let that out"}, {"start": "00:12:59", "end": "00:13:01", "text": "to the actual markets because we are in"}, {"start": "00:13:01", "end": "00:13:03", "text": "a free market society so if we have"}, {"start": "00:13:03", "end": "00:13:05", "text": "somebody to actually check it on the"}, {"start": "00:13:05", "end": "00:13:08", "text": "outside such as bitcoin or whatever"}, {"start": "00:13:08", "end": "00:13:10", "text": "cryptocurrency you want to do"}, {"start": "00:13:10", "end": "00:13:11", "text": "then it will regulate this monetary"}, {"start": "00:13:11", "end": "00:13:14", "text": "policy and we can all be"}, {"start": "00:13:14", "end": "00:13:17", "text": "go forward and not lose this"}, {"start": "00:13:17", "end": "00:13:19", "text": "reserve currency as it stands forth"}, {"start": "00:13:19", "end": "00:13:21", "text": "right now and really just comes down to"}, {"start": "00:13:21", "end": "00:13:23", "text": "who watches the watchmen right who is"}, {"start": "00:13:23", "end": "00:13:25", "text": "going to put the federal reserve in in"}, {"start": "00:13:25", "end": "00:13:27", "text": "check because they wield a lot of power"}, {"start": "00:13:27", "end": "00:13:28", "text": "and"}, {"start": "00:13:28", "end": "00:13:30", "text": "and remember the federal reserve is"}, {"start": "00:13:30", "end": "00:13:32", "text": "about as federal as federal express they"}, {"start": "00:13:32", "end": "00:13:34", "text": "are not part of the us government the"}, {"start": "00:13:34", "end": "00:13:36", "text": "treasury is so when when he says these"}, {"start": "00:13:36", "end": "00:13:39", "text": "types of things i'm sure at some"}, {"start": "00:13:39", "end": "00:13:41", "text": "some level i'm sure these congress"}, {"start": "00:13:41", "end": "00:13:42", "text": "men and women are probably like i don't"}, {"start": "00:13:42", "end": "00:13:45", "text": "know about that but in reality it has to"}, {"start": "00:13:45", "end": "00:13:47", "text": "happen because if it doesn't happen"}, {"start": "00:13:47", "end": "00:13:49", "text": "we're just gonna go down the same path"}, {"start": "00:13:49", "end": "00:13:51", "text": "we've always been going down so that's"}, {"start": "00:13:51", "end": "00:13:52", "text": "what we got right there for that piece"}, {"start": "00:13:52", "end": "00:13:53", "text": "let me know what you think about that in"}, {"start": "00:13:53", "end": "00:13:55", "text": "the comment section let's move on to our"}, {"start": "00:13:55", "end": "00:13:57", "text": "last piece first of all the meld redo"}, {"start": "00:13:57", "end": "00:14:01", "text": "and uh yesterday i was talking about um"}, {"start": "00:14:01", "end": "00:14:02", "text": "the meld"}, {"start": "00:14:02", "end": "00:14:04", "text": "uh ispo initial state pool offering and"}, {"start": "00:14:04", "end": "00:14:06", "text": "that it's over and you're gonna get an"}, {"start": "00:14:06", "end": "00:14:08", "text": "nft and you're gonna do it evolve and"}, {"start": "00:14:08", "end": "00:14:08", "text": "it's gonna do all these things for"}, {"start": "00:14:08", "end": "00:14:10", "text": "staking and that prayer is like"}, {"start": "00:14:10", "end": "00:14:15", "text": "i forget unfortunately that some people"}, {"start": "00:14:15", "end": "00:14:17", "text": "aren't at that point yet well they can't"}, {"start": "00:14:17", "end": "00:14:19", "text": "understand so i need to slow this down"}, {"start": "00:14:19", "end": "00:14:21", "text": "and i apologize for yesterday so here's"}, {"start": "00:14:21", "end": "00:14:23", "text": "what it is so the"}, {"start": "00:14:23", "end": "00:14:24", "text": "first of all i really gotta just gotta"}, {"start": "00:14:24", "end": "00:14:27", "text": "tell you this if"}, {"start": "00:14:27", "end": "00:14:29", "text": "this all comes down to this like i said"}, {"start": "00:14:29", "end": "00:14:30", "text": "the state pool offering the first thing"}, {"start": "00:14:30", "end": "00:14:32", "text": "we you have to understand is"}, {"start": "00:14:32", "end": "00:14:34", "text": "what is proof of work and what is proof"}, {"start": "00:14:34", "end": "00:14:35", "text": "of stake"}, {"start": "00:14:35", "end": "00:14:37", "text": "in this video i want to keep this under"}, {"start": "00:14:37", "end": "00:14:39", "text": "an hour so i'm not even going to do this"}, {"start": "00:14:39", "end": "00:14:40", "text": "what i want to have you do i'm going to"}, {"start": "00:14:40", "end": "00:14:42", "text": "have you go to dan teachescrypto.com and"}, {"start": "00:14:42", "end": "00:14:44", "text": "then you're gonna see a video and it's"}, {"start": "00:14:44", "end": "00:14:46", "text": "gonna pop up on that screen look like"}, {"start": "00:14:46", "end": "00:14:48", "text": "this or it's gonna actually if you"}, {"start": "00:14:48", "end": "00:14:51", "text": "scroll down it'll pop up ah"}, {"start": "00:14:51", "end": "00:14:54", "text": "down here it's the same video you can"}, {"start": "00:14:54", "end": "00:14:56", "text": "watch it's about 23 minutes and it"}, {"start": "00:14:56", "end": "00:14:57", "text": "explains what is difference between"}, {"start": "00:14:57", "end": "00:14:59", "text": "proof of work and proof of stake how"}, {"start": "00:14:59", "end": "00:15:01", "text": "cardano does things how it doesn't leave"}, {"start": "00:15:01", "end": "00:15:04", "text": "your wallet how you get rewards how you"}, {"start": "00:15:04", "end": "00:15:06", "text": "can stake and unstake and use three"}, {"start": "00:15:06", "end": "00:15:09", "text": "different wallets uh yoroi"}, {"start": "00:15:09", "end": "00:15:11", "text": "ada lights and daedalus wallet to do"}, {"start": "00:15:11", "end": "00:15:12", "text": "that so it's going to show you how to"}, {"start": "00:15:12", "end": "00:15:14", "text": "take it from any place you have your"}, {"start": "00:15:14", "end": "00:15:16", "text": "cardano your ada tokens and you can put"}, {"start": "00:15:16", "end": "00:15:18", "text": "in one of these three wallets and you"}, {"start": "00:15:18", "end": "00:15:20", "text": "can stake it so that's the first part"}, {"start": "00:15:20", "end": "00:15:22", "text": "you have to understand the second part"}, {"start": "00:15:22", "end": "00:15:23", "text": "is"}, {"start": "00:15:23", "end": "00:15:26", "text": "what was or what is meld token and what"}, {"start": "00:15:26", "end": "00:15:27", "text": "does it do so"}, {"start": "00:15:27", "end": "00:15:31", "text": "meld it's a it's it's a d5 project that"}, {"start": "00:15:31", "end": "00:15:34", "text": "gives out loans and these loans are"}, {"start": "00:15:34", "end": "00:15:38", "text": "going to be able to pay for themselves"}, {"start": "00:15:38", "end": "00:15:39", "text": "and all you have to do is pay for the"}, {"start": "00:15:39", "end": "00:15:41", "text": "interest not the principal and i know"}, {"start": "00:15:41", "end": "00:15:44", "text": "that sounds crazy just watch this video"}, {"start": "00:15:44", "end": "00:15:46", "text": "and i explain exactly what that is uh"}, {"start": "00:15:46", "end": "00:15:48", "text": "with the ceo or the founder"}, {"start": "00:15:48", "end": "00:15:51", "text": "uh ken and we go over uh everything that"}, {"start": "00:15:51", "end": "00:15:52", "text": "has to do with that so"}, {"start": "00:15:52", "end": "00:15:54", "text": "what had happened just to fast forward"}, {"start": "00:15:54", "end": "00:15:56", "text": "real quick is"}, {"start": "00:15:56", "end": "00:15:57", "text": "this"}, {"start": "00:15:57", "end": "00:16:00", "text": "stake pool offering what you did was"}, {"start": "00:16:00", "end": "00:16:01", "text": "back here when i was talking about"}, {"start": "00:16:01", "end": "00:16:03", "text": "taking your cardona and staking into a"}, {"start": "00:16:03", "end": "00:16:05", "text": "certain state pool what you were doing"}, {"start": "00:16:05", "end": "00:16:07", "text": "is instead of staking it to my stake"}, {"start": "00:16:07", "end": "00:16:08", "text": "pool"}, {"start": "00:16:08", "end": "00:16:10", "text": "you and everybody else could take your"}, {"start": "00:16:10", "end": "00:16:13", "text": "cardano and stake it or just designate"}, {"start": "00:16:13", "end": "00:16:15", "text": "it to these stake pools which are meld"}, {"start": "00:16:15", "end": "00:16:17", "text": "and instead of you getting paid in ada"}, {"start": "00:16:17", "end": "00:16:19", "text": "you were going to get paid in mel token"}, {"start": "00:16:19", "end": "00:16:22", "text": "which will launch on january 31st"}, {"start": "00:16:22", "end": "00:16:24", "text": "so the state pool uh every five days you"}, {"start": "00:16:24", "end": "00:16:26", "text": "would get so much meld they're going to"}, {"start": "00:16:26", "end": "00:16:27", "text": "give those to you in january january"}, {"start": "00:16:27", "end": "00:16:28", "text": "31st"}, {"start": "00:16:28", "end": "00:16:30", "text": "that whole staking process came to an"}, {"start": "00:16:30", "end": "00:16:32", "text": "end yesterday"}, {"start": "00:16:32", "end": "00:16:34", "text": "so now you're able to take your tokens"}, {"start": "00:16:34", "end": "00:16:36", "text": "do whatever you want with them if you"}, {"start": "00:16:36", "end": "00:16:38", "text": "want to take it back to the d news"}, {"start": "00:16:38", "end": "00:16:40", "text": "that's fine so you have that and the"}, {"start": "00:16:40", "end": "00:16:42", "text": "next part was they just released this"}, {"start": "00:16:42", "end": "00:16:44", "text": "everybody everybody who stakes with the"}, {"start": "00:16:44", "end": "00:16:47", "text": "stake pool got an nft"}, {"start": "00:16:47", "end": "00:16:50", "text": "and the nfts what does that do"}, {"start": "00:16:50", "end": "00:16:51", "text": "i mean if"}, {"start": "00:16:51", "end": "00:16:54", "text": "nfts you know it's great to have them as"}, {"start": "00:16:54", "end": "00:16:55", "text": "far as like it looks real cool and"}, {"start": "00:16:55", "end": "00:16:56", "text": "everything else but really it comes down"}, {"start": "00:16:56", "end": "00:16:58", "text": "to what's the utility and what it really"}, {"start": "00:16:58", "end": "00:17:00", "text": "came down to is this"}, {"start": "00:17:00", "end": "00:17:01", "text": "anybody who has an ft you're going to"}, {"start": "00:17:01", "end": "00:17:05", "text": "start here as a as a bank a bank manager"}, {"start": "00:17:05", "end": "00:17:07", "text": "and you're gonna get a plus one percent"}, {"start": "00:17:07", "end": "00:17:09", "text": "uh meld when you designate your meld"}, {"start": "00:17:09", "end": "00:17:12", "text": "tokens to the meld state pool which"}, {"start": "00:17:12", "end": "00:17:13", "text": "comes up"}, {"start": "00:17:13", "end": "00:17:14", "text": "don't know too much about that right now"}, {"start": "00:17:14", "end": "00:17:15", "text": "all you need to know is that you're"}, {"start": "00:17:15", "end": "00:17:17", "text": "gonna get you're going to get an nft and"}, {"start": "00:17:17", "end": "00:17:19", "text": "the question and there was different"}, {"start": "00:17:19", "end": "00:17:21", "text": "levels they would evolve you get plus"}, {"start": "00:17:21", "end": "00:17:22", "text": "two percent plus three percent plus four"}, {"start": "00:17:22", "end": "00:17:25", "text": "and plus five and they would look the"}, {"start": "00:17:25", "end": "00:17:26", "text": "the nf2 looks something like this guy"}, {"start": "00:17:26", "end": "00:17:28", "text": "right here okay a little picture of a"}, {"start": "00:17:28", "end": "00:17:29", "text": "guy that's a bank manager a little"}, {"start": "00:17:29", "end": "00:17:30", "text": "picture"}, {"start": "00:17:30", "end": "00:17:32", "text": "and it's going to go to your wallet but"}, {"start": "00:17:32", "end": "00:17:34", "text": "i was wrong in what i said i thought"}, {"start": "00:17:34", "end": "00:17:36", "text": "they were just going to drop them and i"}, {"start": "00:17:36", "end": "00:17:38", "text": "had to reach out to meld and i said hey"}, {"start": "00:17:38", "end": "00:17:40", "text": "how does this work i just i said i just"}, {"start": "00:17:40", "end": "00:17:42", "text": "read the article from stuart and the"}, {"start": "00:17:42", "end": "00:17:44", "text": "bank managers are they going to be"}, {"start": "00:17:44", "end": "00:17:46", "text": "dropped in the wallet meaning that your"}, {"start": "00:17:46", "end": "00:17:48", "text": "deadlifts your roy or ada light wallet"}, {"start": "00:17:48", "end": "00:17:51", "text": "that you use to to designate your ada to"}, {"start": "00:17:51", "end": "00:17:52", "text": "their pool"}, {"start": "00:17:52", "end": "00:17:54", "text": "are you just going to drop those nfts"}, {"start": "00:17:54", "end": "00:17:56", "text": "into those walls they said no"}, {"start": "00:17:56", "end": "00:17:58", "text": "there will be a mining function on our"}, {"start": "00:17:58", "end": "00:18:01", "text": "bank manager website where you'll be"}, {"start": "00:18:01", "end": "00:18:02", "text": "able to mint and then receive it in the"}, {"start": "00:18:02", "end": "00:18:04", "text": "wallet you staked with so you have to go"}, {"start": "00:18:04", "end": "00:18:06", "text": "to a website you have to put in your"}, {"start": "00:18:06", "end": "00:18:08", "text": "information and they'll give you the nft"}, {"start": "00:18:08", "end": "00:18:10", "text": "wallet i said great when's it going to"}, {"start": "00:18:10", "end": "00:18:12", "text": "be up they said maybe sometime this week"}, {"start": "00:18:12", "end": "00:18:14", "text": "that's all i know so i will let"}, {"start": "00:18:14", "end": "00:18:16", "text": "everybody know about that later and then"}, {"start": "00:18:16", "end": "00:18:17", "text": "just so you know"}, {"start": "00:18:17", "end": "00:18:19", "text": "the big thing was well how do i go from"}, {"start": "00:18:19", "end": "00:18:21", "text": "uh you know from this plus one percent"}, {"start": "00:18:21", "end": "00:18:23", "text": "plus two percent plus three they're"}, {"start": "00:18:23", "end": "00:18:25", "text": "gonna say you can just do plus one"}, {"start": "00:18:25", "end": "00:18:27", "text": "percent but you can also what's called"}, {"start": "00:18:27", "end": "00:18:30", "text": "evolve it and one way to do it"}, {"start": "00:18:30", "end": "00:18:32", "text": "is you can just"}, {"start": "00:18:32", "end": "00:18:34", "text": "take it back you can take it out of"}, {"start": "00:18:34", "end": "00:18:35", "text": "these pools because these pools are all"}, {"start": "00:18:35", "end": "00:18:37", "text": "shutting down all of them are shutting"}, {"start": "00:18:37", "end": "00:18:39", "text": "down give me one more epic and then"}, {"start": "00:18:39", "end": "00:18:40", "text": "they're all shut down so you have to put"}, {"start": "00:18:40", "end": "00:18:42", "text": "your car cardona somewhere again if you"}, {"start": "00:18:42", "end": "00:18:43", "text": "want to"}, {"start": "00:18:43", "end": "00:18:45", "text": "designate that with d news fantastic"}, {"start": "00:18:45", "end": "00:18:47", "text": "also there's some sunday swap things"}, {"start": "00:18:47", "end": "00:18:50", "text": "going on go check that out but right"}, {"start": "00:18:50", "end": "00:18:50", "text": "here"}, {"start": "00:18:50", "end": "00:18:52", "text": "it says uh"}, {"start": "00:18:52", "end": "00:18:55", "text": "to evolve your nft for those new levels"}, {"start": "00:18:55", "end": "00:18:59", "text": "if you want to you can go to iamx"}, {"start": "00:18:59", "end": "00:19:02", "text": "maladex akam ispo you can go to digital"}, {"start": "00:19:02", "end": "00:19:05", "text": "asset news pete uh or the chrono combo"}, {"start": "00:19:05", "end": "00:19:06", "text": "podcast or a bunch of these other ones"}, {"start": "00:19:06", "end": "00:19:07", "text": "down here these are just the preferred"}, {"start": "00:19:07", "end": "00:19:09", "text": "ones"}, {"start": "00:19:09", "end": "00:19:11", "text": "so that is in a nutshell so if you don't"}, {"start": "00:19:11", "end": "00:19:13", "text": "understand anything about staking first"}, {"start": "00:19:13", "end": "00:19:15", "text": "of all watch the video on staking then"}, {"start": "00:19:15", "end": "00:19:17", "text": "watch the video on meld and it'll kind"}, {"start": "00:19:17", "end": "00:19:19", "text": "of lay it out in a better fashion than"}, {"start": "00:19:19", "end": "00:19:21", "text": "what i did yesterday so that's what we"}, {"start": "00:19:21", "end": "00:19:22", "text": "have there let me know what you think"}, {"start": "00:19:22", "end": "00:19:25", "text": "about that and then let's finish up with"}, {"start": "00:19:25", "end": "00:19:27", "text": "a little no gas so"}, {"start": "00:19:27", "end": "00:19:29", "text": "real quickly"}, {"start": "00:19:29", "end": "00:19:31", "text": "uh ftx"}, {"start": "00:19:31", "end": "00:19:33", "text": "ftx if you don't know uh this guy right"}, {"start": "00:19:33", "end": "00:19:36", "text": "here sam bakeman freed he was the ceo of"}, {"start": "00:19:36", "end": "00:19:38", "text": "fdx and they actually reached out to me"}, {"start": "00:19:38", "end": "00:19:40", "text": "yesterday they go hey did you would you"}, {"start": "00:19:40", "end": "00:19:42", "text": "want to talk about the fact that we are"}, {"start": "00:19:42", "end": "00:19:45", "text": "not requiring gas fees for all of our"}, {"start": "00:19:45", "end": "00:19:48", "text": "nfts and we've got board yeah board api"}, {"start": "00:19:48", "end": "00:19:49", "text": "club mutant apes and all those different"}, {"start": "00:19:49", "end": "00:19:51", "text": "things and we don't we're not going to"}, {"start": "00:19:51", "end": "00:19:54", "text": "have any gas fees and i was like sure i"}, {"start": "00:19:54", "end": "00:19:54", "text": "mean"}, {"start": "00:19:54", "end": "00:19:57", "text": "you know sam is testifying tomorrow so i"}, {"start": "00:19:57", "end": "00:19:58", "text": "guess that's the least i could do i have"}, {"start": "00:19:58", "end": "00:20:00", "text": "no affiliate links and they didn't pay"}, {"start": "00:20:00", "end": "00:20:02", "text": "me for this so i'll"}, {"start": "00:20:02", "end": "00:20:04", "text": "link it in the description below but"}, {"start": "00:20:04", "end": "00:20:07", "text": "it's just ftx.us if you want to do this"}, {"start": "00:20:07", "end": "00:20:09", "text": "and that's what we got but it's pretty"}, {"start": "00:20:09", "end": "00:20:12", "text": "cool because uh if you go to like openc"}, {"start": "00:20:12", "end": "00:20:13", "text": "you're going to pay gas fees and all the"}, {"start": "00:20:13", "end": "00:20:15", "text": "rest of those things it kind of sucks"}, {"start": "00:20:15", "end": "00:20:16", "text": "you're going to mint things but over"}, {"start": "00:20:16", "end": "00:20:19", "text": "here they also they have solana and they"}, {"start": "00:20:19", "end": "00:20:20", "text": "have ethereum base nfts and i got a"}, {"start": "00:20:20", "end": "00:20:22", "text": "bunch of them so you can go and check"}, {"start": "00:20:22", "end": "00:20:24", "text": "that's pretty cool jungle cats little"}, {"start": "00:20:24", "end": "00:20:25", "text": "rocks"}, {"start": "00:20:25", "end": "00:20:26", "text": "soul ninjas"}, {"start": "00:20:26", "end": "00:20:29", "text": ".04 salon it's not bad i don't know what"}, {"start": "00:20:29", "end": "00:20:32", "text": "they do but uh sure that's just gambling"}, {"start": "00:20:32", "end": "00:20:33", "text": "but yeah you can check that out and then"}, {"start": "00:20:33", "end": "00:20:35", "text": "here was the actual post this is from"}, {"start": "00:20:35", "end": "00:20:37", "text": "brett harrison he's the prez"}, {"start": "00:20:37", "end": "00:20:40", "text": "of uh ftx us i think it was number five"}, {"start": "00:20:40", "end": "00:20:43", "text": "where he said it he goes yeah hey we"}, {"start": "00:20:43", "end": "00:20:44", "text": "support bidding and buy now for ether"}, {"start": "00:20:44", "end": "00:20:47", "text": "nfts and since those transactions happen"}, {"start": "00:20:47", "end": "00:20:49", "text": "off-chain there will be no gas fees"}, {"start": "00:20:49", "end": "00:20:51", "text": "charged seller fees are two percent"}, {"start": "00:20:51", "end": "00:20:53", "text": "though plus create a royalties uh we're"}, {"start": "00:20:53", "end": "00:20:55", "text": "subsidizing withdrawal gas fees so if"}, {"start": "00:20:55", "end": "00:20:57", "text": "you're looking for a place to actually"}, {"start": "00:20:57", "end": "00:20:59", "text": "pick up some fts and not pay gas fees"}, {"start": "00:20:59", "end": "00:21:01", "text": "that's your choice and that's what we"}, {"start": "00:21:01", "end": "00:21:03", "text": "got then lastly uh just so you know"}, {"start": "00:21:03", "end": "00:21:05", "text": "we're gonna do some upcoming deep dives"}, {"start": "00:21:05", "end": "00:21:08", "text": "and i'm gonna talk about there's a bunch"}, {"start": "00:21:08", "end": "00:21:09", "text": "of different things"}, {"start": "00:21:09", "end": "00:21:10", "text": "first we're gonna talk i'm gonna do a"}, {"start": "00:21:10", "end": "00:21:13", "text": "deep dive about uh avogadchi which is"}, {"start": "00:21:13", "end": "00:21:15", "text": "actually more complex for a very simple"}, {"start": "00:21:15", "end": "00:21:17", "text": "game very complex stuff i'm having a"}, {"start": "00:21:17", "end": "00:21:19", "text": "hard time wrap my head around it i was"}, {"start": "00:21:19", "end": "00:21:21", "text": "going to talk about cornucopias which is"}, {"start": "00:21:21", "end": "00:21:24", "text": "a metaverse built on blockchain we're"}, {"start": "00:21:24", "end": "00:21:26", "text": "going to take a look at uh"}, {"start": "00:21:26", "end": "00:21:28", "text": "wonder.5"}, {"start": "00:21:28", "end": "00:21:32", "text": "wonder.phi uh ada finance and uh there"}, {"start": "00:21:32", "end": "00:21:35", "text": "was one more oh bosun protocol so i'm"}, {"start": "00:21:35", "end": "00:21:36", "text": "gonna do those five deep dives over the"}, {"start": "00:21:36", "end": "00:21:38", "text": "next week and two weeks and that's it"}, {"start": "00:21:38", "end": "00:21:40", "text": "for today so look i know it went a"}, {"start": "00:21:40", "end": "00:21:42", "text": "little bit long and i apologize but a"}, {"start": "00:21:42", "end": "00:21:43", "text": "lot of things going on if you like"}, {"start": "00:21:43", "end": "00:21:44", "text": "today's video and give it a thumbs up"}, {"start": "00:21:44", "end": "00:21:46", "text": "also consider subscribing all the things"}, {"start": "00:21:46", "end": "00:21:47", "text": "we talk about are time sensitive and"}, {"start": "00:21:47", "end": "00:21:49", "text": "that's it for today so thanks so much"}, {"start": "00:21:49", "end": "00:21:51", "text": "for watching i appreciate it and i'll"}, {"start": "00:21:51", "end": "00:21:55", "text": "see you in the next one"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "The only way that doesn't happen is if"}, {"start": "00:00:02", "end": "00:00:06", "text": "the government stops printing money and"}, {"start": "00:00:06", "end": "00:00:09", "text": "there is no more debasement of currency."}, {"start": "00:00:09", "end": "00:00:12", "text": "If that happens, then yeah, probably the"}, {"start": "00:00:12", "end": "00:00:14", "text": "price won't go up. But since that's"}, {"start": "00:00:14", "end": "00:00:15", "text": "happened since pretty much the beginning"}, {"start": "00:00:15", "end": "00:00:17", "text": "of time,"}, {"start": "00:00:17", "end": "00:00:19", "text": "I'll stick with Bitcoin."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "has gained 450 billion and lost 600"}, {"start": "00:00:03", "end": "00:00:06", "text": "billion over the last 54 hours. Now, of"}, {"start": "00:00:06", "end": "00:00:08", "text": "course, the there was a positive note uh"}, {"start": "00:00:08", "end": "00:00:10", "text": "because the earnings call came in and it"}, {"start": "00:00:10", "end": "00:00:13", "text": "blew everybody's expectations away and"}, {"start": "00:00:13", "end": "00:00:15", "text": "that's where the positive 450 billion,"}, {"start": "00:00:15", "end": "00:00:18", "text": "but there is a a fear hanging over"}, {"start": "00:00:18", "end": "00:00:20", "text": "everybody's head as people are saying"}, {"start": "00:00:20", "end": "00:00:23", "text": "like look uh we think that AI is just"}, {"start": "00:00:23", "end": "00:00:24", "text": "this massive bubble and it's going to"}, {"start": "00:00:24", "end": "00:00:27", "text": "burst any time and uh there's different"}, {"start": "00:00:27", "end": "00:00:29", "text": "data and there's different aspects that"}, {"start": "00:00:29", "end": "00:00:30", "text": "could look at that and say that actually"}, {"start": "00:00:30", "end": "00:00:33", "text": "could happen and you lost 600 billion."}, {"start": "00:00:33", "end": "00:00:37", "text": "All in all, that is one that's over a"}, {"start": "00:00:37", "end": "00:00:40", "text": "trillion dollars in volume. You've"}, {"start": "00:00:40", "end": "00:00:43", "text": "gained 450 billion. You lost 600 billion"}, {"start": "00:00:43", "end": "00:00:46", "text": "600 billion. You are net negative 150"}, {"start": "00:00:46", "end": "00:00:49", "text": "billion for Nvidia. And it's it is it is"}, {"start": "00:00:49", "end": "00:00:51", "text": "sentiment based. And that's what's going"}, {"start": "00:00:51", "end": "00:00:53", "text": "on."}]

[{"start": "00:00:01", "end": "00:00:03", "text": "Hello everybody. Welcome to the Saturday"}, {"start": "00:00:03", "end": "00:00:04", "text": "live stream. So this just going to be a"}, {"start": "00:00:04", "end": "00:00:06", "text": "quick update about what's going on on"}, {"start": "00:00:06", "end": "00:00:08", "text": "the weekend, but uh there's some"}, {"start": "00:00:08", "end": "00:00:10", "text": "interesting developments and especially"}, {"start": "00:00:10", "end": "00:00:12", "text": "if we take a look at Bitcoin overlay"}, {"start": "00:00:12", "end": "00:00:15", "text": "with Nvidia. And before we get into"}, {"start": "00:00:15", "end": "00:00:18", "text": "that, uh just uh a little recap real"}, {"start": "00:00:18", "end": "00:00:20", "text": "quick as far as like ETF flows. Now"}, {"start": "00:00:20", "end": "00:00:23", "text": "yesterday we talked about the ETF flows"}, {"start": "00:00:23", "end": "00:00:25", "text": "and just how awful they actually were."}, {"start": "00:00:25", "end": "00:00:28", "text": "Now the flows this is either it's going"}, {"start": "00:00:28", "end": "00:00:30", "text": "to be uh net positive or net negative."}, {"start": "00:00:30", "end": "00:00:32", "text": "Those are the flows. Now the volume is"}, {"start": "00:00:32", "end": "00:00:34", "text": "something different. But yesterday we"}, {"start": "00:00:34", "end": "00:00:36", "text": "said that the 20 is yesterday was 20th"}, {"start": "00:00:36", "end": "00:00:40", "text": "of November. Uh excuse me 21st of"}, {"start": "00:00:40", "end": "00:00:42", "text": "November I should say. And as we were"}, {"start": "00:00:42", "end": "00:00:43", "text": "talking about this because the data is a"}, {"start": "00:00:43", "end": "00:00:45", "text": "little bit lagger. Uh we talked about"}, {"start": "00:00:45", "end": "00:00:49", "text": "Thursday's volume of 93 million which"}, {"start": "00:00:49", "end": "00:00:52", "text": "was uh the highest amount ever for the"}, {"start": "00:00:52", "end": "00:00:54", "text": "outflows. Actually, it was corrected to"}, {"start": "00:00:54", "end": "00:00:56", "text": "me that actually the highest amount was"}, {"start": "00:00:56", "end": "00:00:58", "text": "$1.1 billion"}, {"start": "00:00:58", "end": "00:01:02", "text": "of total net negative outflows. So, this"}, {"start": "00:01:02", "end": "00:01:04", "text": "one just came pretty darn close or close"}, {"start": "00:01:04", "end": "00:01:07", "text": "enough to be concerned at 900 million."}, {"start": "00:01:07", "end": "00:01:09", "text": "And then with all these outflow days"}, {"start": "00:01:09", "end": "00:01:10", "text": "that we've had, we've had them the"}, {"start": "00:01:10", "end": "00:01:12", "text": "third, the fourth, the fifth. I mean,"}, {"start": "00:01:12", "end": "00:01:14", "text": "pretty much negative negative negative."}, {"start": "00:01:14", "end": "00:01:15", "text": "You can see all the red numbers here."}, {"start": "00:01:15", "end": "00:01:19", "text": "186 5613. It was like one, two, three"}, {"start": "00:01:19", "end": "00:01:24", "text": "days that were four that were positive"}, {"start": "00:01:24", "end": "00:01:28", "text": "flows and then just yesterday we had 238"}, {"start": "00:01:28", "end": "00:01:32", "text": "million positive net inflows or flows of"}, {"start": "00:01:32", "end": "00:01:36", "text": "the uh Bitcoin ETF. So that is uh a a"}, {"start": "00:01:36", "end": "00:01:41", "text": "very very tiny speck of positivity that"}, {"start": "00:01:41", "end": "00:01:43", "text": "is happening right now. So that is great"}, {"start": "00:01:43", "end": "00:01:44", "text": "that we have a little bit that is coming"}, {"start": "00:01:44", "end": "00:01:47", "text": "on. what what it tells me and this is"}, {"start": "00:01:47", "end": "00:01:50", "text": "actually a post from uh Eric Beltunis,"}, {"start": "00:01:50", "end": "00:01:53", "text": "senior ETF analyst for Bloomberg and he"}, {"start": "00:01:53", "end": "00:01:55", "text": "states that there's an eruption in"}, {"start": "00:01:55", "end": "00:01:57", "text": "volume for the Bitcoin ETFs an all-time"}, {"start": "00:01:57", "end": "00:01:59", "text": "record set today of course this was"}, {"start": "00:01:59", "end": "00:02:03", "text": "yesterday with 11.5 billion as a group"}, {"start": "00:02:03", "end": "00:02:06", "text": "IBIT of course Black Rockck was 8"}, {"start": "00:02:06", "end": "00:02:08", "text": "billion dollar of that which was"}, {"start": "00:02:08", "end": "00:02:11", "text": "all-time record for it wild but also"}, {"start": "00:02:11", "end": "00:02:13", "text": "normal whenever an ETF or category is"}, {"start": "00:02:13", "end": "00:02:15", "text": "going through it volume is elevated ETFs"}, {"start": "00:02:15", "end": "00:02:16", "text": "are liquid release valves. What this"}, {"start": "00:02:16", "end": "00:02:19", "text": "says to me, and correct me in the"}, {"start": "00:02:19", "end": "00:02:20", "text": "comments section, we'll talk about this"}, {"start": "00:02:20", "end": "00:02:22", "text": "in the Q&A, but if you got that much"}, {"start": "00:02:22", "end": "00:02:26", "text": "volume and we eaked out just a positive,"}, {"start": "00:02:26", "end": "00:02:27", "text": "and I know it's not like people say"}, {"start": "00:02:27", "end": "00:02:29", "text": "that's, hey, 230 million is a lot as far"}, {"start": "00:02:29", "end": "00:02:32", "text": "as ETSs and that, sure, I get it, but"}, {"start": "00:02:32", "end": "00:02:35", "text": "it's not a massive massive amount. You"}, {"start": "00:02:35", "end": "00:02:38", "text": "had that much volume going in and out,"}, {"start": "00:02:38", "end": "00:02:41", "text": "positive, negative, sells and buys, and"}, {"start": "00:02:41", "end": "00:02:43", "text": "you get just a bit of a positive. Again,"}, {"start": "00:02:43", "end": "00:02:45", "text": "that's a very small spec. What this says"}, {"start": "00:02:45", "end": "00:02:48", "text": "to me is nobody knows. Nobody knows"}, {"start": "00:02:48", "end": "00:02:49", "text": "where things are going. You've got all"}, {"start": "00:02:49", "end": "00:02:51", "text": "the analysts and they have their their"}, {"start": "00:02:51", "end": "00:02:55", "text": "own like different uh aspect as to where"}, {"start": "00:02:55", "end": "00:02:57", "text": "they think things are going. But if you"}, {"start": "00:02:57", "end": "00:02:59", "text": "have this much volume and just a net a"}, {"start": "00:02:59", "end": "00:03:03", "text": "ne a net positive, it's barely"}, {"start": "00:03:03", "end": "00:03:06", "text": "good enough, I think. And that's why I"}, {"start": "00:03:06", "end": "00:03:08", "text": "still say that uh November is going to"}, {"start": "00:03:08", "end": "00:03:10", "text": "be a pretty negative month going"}, {"start": "00:03:10", "end": "00:03:11", "text": "forward. I think December is still going"}, {"start": "00:03:11", "end": "00:03:14", "text": "to be tough. And that's why we did that"}, {"start": "00:03:14", "end": "00:03:16", "text": "video gosh four or five days ago where I"}, {"start": "00:03:16", "end": "00:03:18", "text": "pretty much just said like, hey, it's up"}, {"start": "00:03:18", "end": "00:03:20", "text": "to you, but you gota better make a"}, {"start": "00:03:20", "end": "00:03:21", "text": "decision quick. And that was when"}, {"start": "00:03:21", "end": "00:03:23", "text": "Bitcoin was around 95 96. Now we're"}, {"start": "00:03:23", "end": "00:03:26", "text": "hovering around 83 84. So I think this"}, {"start": "00:03:26", "end": "00:03:30", "text": "is just one more thing to happen."}, {"start": "00:03:30", "end": "00:03:33", "text": "And then I was taking a look at this is"}, {"start": "00:03:33", "end": "00:03:34", "text": "from the Kobishi letter. Great stuff."}, {"start": "00:03:34", "end": "00:03:37", "text": "Always puts out fantastic information. I"}, {"start": "00:03:37", "end": "00:03:38", "text": "don't know if you guys have known this,"}, {"start": "00:03:38", "end": "00:03:40", "text": "but Nvidia"}, {"start": "00:03:40", "end": "00:03:43", "text": "has gained 450 billion and lost 600"}, {"start": "00:03:43", "end": "00:03:46", "text": "billion over the last 54 hours. Now, of"}, {"start": "00:03:46", "end": "00:03:49", "text": "course, the there was a positive note uh"}, {"start": "00:03:49", "end": "00:03:51", "text": "because the earnings call came in and it"}, {"start": "00:03:51", "end": "00:03:53", "text": "blew everybody's expectations away and"}, {"start": "00:03:53", "end": "00:03:55", "text": "that's where the positive 450 billion,"}, {"start": "00:03:55", "end": "00:03:59", "text": "but there is a a fear hanging over"}, {"start": "00:03:59", "end": "00:04:00", "text": "everybody's head as people are saying"}, {"start": "00:04:00", "end": "00:04:03", "text": "like look uh we think that AI is this"}, {"start": "00:04:03", "end": "00:04:04", "text": "this massive bubble and it's going to"}, {"start": "00:04:04", "end": "00:04:07", "text": "burst any time and uh there's different"}, {"start": "00:04:07", "end": "00:04:09", "text": "data and there's different aspects that"}, {"start": "00:04:09", "end": "00:04:10", "text": "could look at that and say that actually"}, {"start": "00:04:10", "end": "00:04:13", "text": "could happen and you lost 600 billion."}, {"start": "00:04:13", "end": "00:04:17", "text": "All in all, that is one that's over a"}, {"start": "00:04:17", "end": "00:04:20", "text": "trillion dollars in volume. You've"}, {"start": "00:04:20", "end": "00:04:23", "text": "gained 450 billion, you lost 600 billion"}, {"start": "00:04:23", "end": "00:04:26", "text": "600 billion, you are net negative 150"}, {"start": "00:04:26", "end": "00:04:29", "text": "billion for Nvidia. And it's it is it is"}, {"start": "00:04:29", "end": "00:04:31", "text": "sentiment based and that's what's going"}, {"start": "00:04:31", "end": "00:04:34", "text": "on. And when we did this this live"}, {"start": "00:04:34", "end": "00:04:35", "text": "stream, somebody had mentioned to me,"}, {"start": "00:04:35", "end": "00:04:39", "text": "they go, \"Hey, if you overlay uh Bitcoin"}, {"start": "00:04:39", "end": "00:04:41", "text": "and the Nvidia price, Bitcoin price,"}, {"start": "00:04:41", "end": "00:04:43", "text": "Nvidia price, you'll see just how"}, {"start": "00:04:43", "end": "00:04:45", "text": "correlated those two are.\" And it makes"}, {"start": "00:04:45", "end": "00:04:47", "text": "a lot of sense because a lot of people"}, {"start": "00:04:47", "end": "00:04:48", "text": "are talking about how Bitcoin's a"}, {"start": "00:04:48", "end": "00:04:50", "text": "bubble, which they've said that forever,"}, {"start": "00:04:50", "end": "00:04:54", "text": "but it is a risk on or a risk asset."}, {"start": "00:04:54", "end": "00:04:56", "text": "It's not like gold riskoff asset. Even"}, {"start": "00:04:56", "end": "00:04:57", "text": "though people say it's gold 2.0, you"}, {"start": "00:04:57", "end": "00:04:59", "text": "know, people are still treating it as a"}, {"start": "00:04:59", "end": "00:05:02", "text": "risk on asset and they're treating"}, {"start": "00:05:02", "end": "00:05:06", "text": "Nvidia right now as the same thing."}, {"start": "00:05:06", "end": "00:05:09", "text": "So, what I like about Ben's website is I"}, {"start": "00:05:09", "end": "00:05:10", "text": "can play around and do this thing called"}, {"start": "00:05:10", "end": "00:05:13", "text": "workbench. I can take the Bitcoin price,"}, {"start": "00:05:13", "end": "00:05:15", "text": "which you see here in blue. Oh, so nice."}, {"start": "00:05:15", "end": "00:05:17", "text": "Look at that. Things are looking pretty"}, {"start": "00:05:17", "end": "00:05:19", "text": "good. And I can take Nvidia price and"}, {"start": "00:05:19", "end": "00:05:24", "text": "just pop that over it. Now, Nvidia going"}, {"start": "00:05:24", "end": "00:05:27", "text": "back to 201011"}, {"start": "00:05:27", "end": "00:05:30", "text": "wasn't what Nvidia is now. Nvidia is the"}, {"start": "00:05:30", "end": "00:05:34", "text": "big king of AI plays and since 2022"}, {"start": "00:05:34", "end": "00:05:37", "text": "roughly about right here when it came"}, {"start": "00:05:37", "end": "00:05:40", "text": "out and you had chat GPT and of course"}, {"start": "00:05:40", "end": "00:05:42", "text": "you need you need all those chips, you"}, {"start": "00:05:42", "end": "00:05:43", "text": "need the compute power and everything"}, {"start": "00:05:43", "end": "00:05:46", "text": "else to pretty much move things forward."}, {"start": "00:05:46", "end": "00:05:49", "text": "We can see just how things have lined"}, {"start": "00:05:49", "end": "00:05:51", "text": "up. It looks pretty similar. Now there"}, {"start": "00:05:51", "end": "00:05:54", "text": "are some times and this is true for 6th"}, {"start": "00:05:54", "end": "00:05:58", "text": "of July 2024 there was an inversion."}, {"start": "00:05:58", "end": "00:06:00", "text": "Nvidia had a little bit of a drop. There"}, {"start": "00:06:00", "end": "00:06:03", "text": "was uh different things with the"}, {"start": "00:06:03", "end": "00:06:07", "text": "earnings call where AI was going. 2024"}, {"start": "00:06:07", "end": "00:06:09", "text": "was not the big thing. Of course"}, {"start": "00:06:09", "end": "00:06:11", "text": "remember this is over a year ago. But"}, {"start": "00:06:11", "end": "00:06:15", "text": "now as we've come forward into 2024,"}, {"start": "00:06:15", "end": "00:06:19", "text": "2025, early 20, we can see just how much"}, {"start": "00:06:19", "end": "00:06:22", "text": "it is tracking"}, {"start": "00:06:22", "end": "00:06:23", "text": "Bitcoin"}, {"start": "00:06:23", "end": "00:06:27", "text": "and Nvidia. And just recently had a nice"}, {"start": "00:06:27", "end": "00:06:29", "text": "little top here for Bitcoin and Nvidia."}, {"start": "00:06:29", "end": "00:06:32", "text": "What have you noticed lately?"}, {"start": "00:06:32", "end": "00:06:34", "text": "Just going down and down and down. So, I"}, {"start": "00:06:34", "end": "00:06:36", "text": "think that is interesting enough,"}, {"start": "00:06:36", "end": "00:06:40", "text": "something to watch. If Nvidia starts to"}, {"start": "00:06:40", "end": "00:06:44", "text": "bomb out, I expect Bitcoin to bomb out."}, {"start": "00:06:44", "end": "00:06:46", "text": "So, we'll see if it keeps being"}, {"start": "00:06:46", "end": "00:06:48", "text": "correlated. But, it does make a lot of"}, {"start": "00:06:48", "end": "00:06:51", "text": "sense, especially as the markets are"}, {"start": "00:06:51", "end": "00:06:53", "text": "quite"}, {"start": "00:06:53", "end": "00:06:55", "text": "fearful of what potentially could"}, {"start": "00:06:55", "end": "00:06:57", "text": "happen. So, let me know what you think"}, {"start": "00:06:57", "end": "00:06:59", "text": "about that in the comments section. And"}, {"start": "00:06:59", "end": "00:07:02", "text": "then, uh, let me ask, hey, Bobby, what"}, {"start": "00:07:02", "end": "00:07:04", "text": "do you think about this? Do you find"}, {"start": "00:07:04", "end": "00:07:07", "text": "this to be a pretty decent correlation"}, {"start": "00:07:07", "end": "00:07:11", "text": "between Nvidia and Bitcoin? And uh try"}, {"start": "00:07:11", "end": "00:07:12", "text": "to chime in now. Let us know what you"}, {"start": "00:07:12", "end": "00:07:15", "text": "think."}, {"start": "00:07:28", "end": "00:07:30", "text": "Well, I'm going to guess Bobby doesn't"}, {"start": "00:07:30", "end": "00:07:33", "text": "want to answer. Oh well, we'll try this"}, {"start": "00:07:33", "end": "00:07:36", "text": "again later. Anyhow,"}, {"start": "00:07:36", "end": "00:07:39", "text": "that's the beauty of new technology."}, {"start": "00:07:39", "end": "00:07:41", "text": "Anyhow, let's take a look at what's"}, {"start": "00:07:41", "end": "00:07:44", "text": "going on with the Ethereum ETF flow. So,"}, {"start": "00:07:44", "end": "00:07:47", "text": "we took a look at Bitcoin. Ethereum ETF,"}, {"start": "00:07:47", "end": "00:07:48", "text": "unfortunately,"}, {"start": "00:07:48", "end": "00:07:51", "text": "is also been uh quite red for quite some"}, {"start": "00:07:51", "end": "00:07:54", "text": "time. And then, of course, there is a"}, {"start": "00:07:54", "end": "00:07:57", "text": "net positive. So, again, a very small"}, {"start": "00:07:57", "end": "00:07:59", "text": "piece right there. And things are"}, {"start": "00:07:59", "end": "00:08:01", "text": "looking uh relatively pretty good. But"}, {"start": "00:08:01", "end": "00:08:03", "text": "you know what the bright part is here is"}, {"start": "00:08:03", "end": "00:08:06", "text": "Salana, the Salana ETF flow, Bitwise,"}, {"start": "00:08:06", "end": "00:08:09", "text": "Vanax, Fidelity. What is this? 21 shares"}, {"start": "00:08:09", "end": "00:08:12", "text": "in Grayscale. And look at that. Nothing"}, {"start": "00:08:12", "end": "00:08:16", "text": "but positive flows for the Salana"}, {"start": "00:08:16", "end": "00:08:18", "text": "Bitcoin ETF or Salana ETF I should say."}, {"start": "00:08:18", "end": "00:08:21", "text": "So there's a bright spot for of course"}, {"start": "00:08:21", "end": "00:08:23", "text": "those who are Salana holders such as"}, {"start": "00:08:23", "end": "00:08:26", "text": "myself. Hopefully it continues, but uh"}, {"start": "00:08:26", "end": "00:08:27", "text": "we'll see where it all goes. And then"}, {"start": "00:08:27", "end": "00:08:28", "text": "also"}, {"start": "00:08:28", "end": "00:08:31", "text": "this was uh talking about volume."}, {"start": "00:08:31", "end": "00:08:32", "text": "Bitwise says, \"We're thrilled and"}, {"start": "00:08:32", "end": "00:08:34", "text": "humbled to share that the Bitwise Salana"}, {"start": "00:08:34", "end": "00:08:37", "text": "staking ETF has crossed 500 million in"}, {"start": "00:08:37", "end": "00:08:39", "text": "assets under management.\" So I get a"}, {"start": "00:08:39", "end": "00:08:41", "text": "little feather in the cap for Salana."}, {"start": "00:08:41", "end": "00:08:43", "text": "This is actually good news. In its"}, {"start": "00:08:43", "end": "00:08:45", "text": "first, that's pretty good. Half a"}, {"start": "00:08:45", "end": "00:08:47", "text": "billion dollars in its first 18 days of"}, {"start": "00:08:47", "end": "00:08:50", "text": "trading. So not too bad. Speaking of"}, {"start": "00:08:50", "end": "00:08:52", "text": "Salana, it looks like Coinbase and Brian"}, {"start": "00:08:52", "end": "00:08:56", "text": "Armstrong are going heavy in the Salana"}, {"start": "00:08:56", "end": "00:08:58", "text": "ecosystem. Check this out. This is from"}, {"start": "00:08:58", "end": "00:09:00", "text": "Brian today. He says, \"Earlier this"}, {"start": "00:09:00", "end": "00:09:02", "text": "year, I said we'd level up our Salana"}, {"start": "00:09:02", "end": "00:09:04", "text": "game. Since then, we've brought agent"}, {"start": "00:09:04", "end": "00:09:08", "text": "Kit and X42 to Salana and made upgrades"}, {"start": "00:09:08", "end": "00:09:10", "text": "to our infrastructure to scale services."}, {"start": "00:09:10", "end": "00:09:13", "text": "A 5x improvement in block processing, 4x"}, {"start": "00:09:13", "end": "00:09:15", "text": "improved RPC performance. Now we're"}, {"start": "00:09:15", "end": "00:09:18", "text": "bringing soul native tech and talent to"}, {"start": "00:09:18", "end": "00:09:20", "text": "plug into our platform and level up"}, {"start": "00:09:20", "end": "00:09:22", "text": "support for Salana trading at Coinbase."}, {"start": "00:09:22", "end": "00:09:25", "text": "This is how we build the everything"}, {"start": "00:09:25", "end": "00:09:27", "text": "exchange. And Coinbase put this out that"}, {"start": "00:09:27", "end": "00:09:32", "text": "they have acquired Vector.fund."}, {"start": "00:09:32", "end": "00:09:34", "text": "I don't know what that is. If it's like"}, {"start": "00:09:34", "end": "00:09:38", "text": "pumpf fun, then I mean great for them. I"}, {"start": "00:09:38", "end": "00:09:40", "text": "don't see the point of pump. Fun or"}, {"start": "00:09:40", "end": "00:09:43", "text": "vector. Fun, but okay. An onchain"}, {"start": "00:09:43", "end": "00:09:45", "text": "trading platform built in Sana whose"}, {"start": "00:09:45", "end": "00:09:47", "text": "tech will plug directly into Coinbase."}, {"start": "00:09:47", "end": "00:09:49", "text": "Tell better serve one of crypto's most"}, {"start": "00:09:49", "end": "00:09:51", "text": "active eos. What the heck is Vectorf"}, {"start": "00:09:51", "end": "00:09:54", "text": "fun? Let me see."}, {"start": "00:09:54", "end": "00:09:57", "text": "Ah, fantastic app. Ape memes with"}, {"start": "00:09:57", "end": "00:09:59", "text": "friends live on Apple and Google Play"}, {"start": "00:09:59", "end": "00:10:03", "text": "stores. So, congratulations Coinbase."}, {"start": "00:10:03", "end": "00:10:06", "text": "You just bought into a major meme"}, {"start": "00:10:06", "end": "00:10:08", "text": "company which let's see if that works"}, {"start": "00:10:08", "end": "00:10:10", "text": "out for you."}, {"start": "00:10:10", "end": "00:10:13", "text": "What a waste of time. I don't know if"}, {"start": "00:10:13", "end": "00:10:16", "text": "how you all feel about memecoins and and"}, {"start": "00:10:16", "end": "00:10:18", "text": "where things are going, but I think to"}, {"start": "00:10:18", "end": "00:10:20", "text": "take ourselves seriously in this space,"}, {"start": "00:10:20", "end": "00:10:23", "text": "we need to get rid of that."}, {"start": "00:10:23", "end": "00:10:28", "text": "And uh this is trash. But again,"}, {"start": "00:10:28", "end": "00:10:30", "text": "Coinbase, good job. Way to uh waste"}, {"start": "00:10:30", "end": "00:10:33", "text": "people's money. And uh lastly, before we"}, {"start": "00:10:33", "end": "00:10:37", "text": "get into a little Q&A, uh speaking of"}, {"start": "00:10:37", "end": "00:10:39", "text": "speaking of Ethereum, uh Tom Lee came"}, {"start": "00:10:39", "end": "00:10:41", "text": "out and said that uh this is a pretty"}, {"start": "00:10:41", "end": "00:10:44", "text": "funny statement. We do not believe"}, {"start": "00:10:44", "end": "00:10:45", "text": "crypto prices have peaked for this"}, {"start": "00:10:45", "end": "00:10:50", "text": "cycle. A cycle top is likely only 12 to"}, {"start": "00:10:50", "end": "00:10:53", "text": "36 months away. I don't know if that is"}, {"start": "00:10:53", "end": "00:10:56", "text": "the correct quote. I could not find it."}, {"start": "00:10:56", "end": "00:10:58", "text": "But if it is, it's from Cointelegraph."}, {"start": "00:10:58", "end": "00:11:00", "text": "They're not perfect."}, {"start": "00:11:00", "end": "00:11:03", "text": "Uh but 36 months to wait for uh for a"}, {"start": "00:11:03", "end": "00:11:05", "text": "top."}, {"start": "00:11:05", "end": "00:11:08", "text": "Yeah, good uh good one to to say that."}, {"start": "00:11:08", "end": "00:11:09", "text": "And then lastly, lastly before we get"}, {"start": "00:11:09", "end": "00:11:11", "text": "out of here, I want to share this with"}, {"start": "00:11:11", "end": "00:11:13", "text": "you. Um I think there are things that we"}, {"start": "00:11:13", "end": "00:11:15", "text": "should invest our time and effort and"}, {"start": "00:11:15", "end": "00:11:16", "text": "money into and there are things like"}, {"start": "00:11:16", "end": "00:11:18", "text": "what Coinbase just did that we should"}, {"start": "00:11:18", "end": "00:11:21", "text": "not. I think memecoins are worthless. I"}, {"start": "00:11:21", "end": "00:11:22", "text": "think they do absolutely nothing and"}, {"start": "00:11:22", "end": "00:11:25", "text": "just a way to dump on people. But this I"}, {"start": "00:11:25", "end": "00:11:28", "text": "can definitely get behind. This is uh"}, {"start": "00:11:28", "end": "00:11:30", "text": "Hunter Warsley. He's the CEO at Bis Wise"}, {"start": "00:11:30", "end": "00:11:32", "text": "Investment. And who's going to speak?"}, {"start": "00:11:32", "end": "00:11:34", "text": "This is the uh this is Robin Vince. He's"}, {"start": "00:11:34", "end": "00:11:39", "text": "the CEO of uh BNY Melon."}, {"start": "00:11:39", "end": "00:11:42", "text": "And BNY Melon, if you don't know, or"}, {"start": "00:11:42", "end": "00:11:44", "text": "Bank of New York Melon is the oldest"}, {"start": "00:11:44", "end": "00:11:46", "text": "bank in America. It's the largest"}, {"start": "00:11:46", "end": "00:11:49", "text": "custody bank in the world. 53 I didn't"}, {"start": "00:11:49", "end": "00:11:53", "text": "know this. 53 trillion in in uh custody."}, {"start": "00:11:53", "end": "00:11:55", "text": "Let me say that again. 53 trillion"}, {"start": "00:11:55", "end": "00:11:58", "text": "dollar custody bank. one of the most"}, {"start": "00:11:58", "end": "00:12:00", "text": "widely used service providers in tra"}, {"start": "00:12:00", "end": "00:12:03", "text": "traditional finance. And listen to what"}, {"start": "00:12:03", "end": "00:12:05", "text": "he says"}, {"start": "00:12:05", "end": "00:12:07", "text": "about tokenization."}, {"start": "00:12:07", "end": "00:12:09", "text": "I did not know they were that interested"}, {"start": "00:12:09", "end": "00:12:11", "text": "into it. So take a listen to this. Let"}, {"start": "00:12:11", "end": "00:12:12", "text": "make sure the volume's up. You can hear"}, {"start": "00:12:12", "end": "00:12:14", "text": "this. Interesting."}, {"start": "00:12:14", "end": "00:12:16", "text": "Can you go into digital assets and sort"}, {"start": "00:12:16", "end": "00:12:18", "text": "of this trend toward tokenization and"}, {"start": "00:12:18", "end": "00:12:20", "text": "how that plays into the business model a"}, {"start": "00:12:20", "end": "00:12:20", "text": "bit?"}, {"start": "00:12:20", "end": "00:12:21", "text": "Yeah, sure, Kyle. It's a really"}, {"start": "00:12:21", "end": "00:12:23", "text": "important trend. It's one of the mega"}, {"start": "00:12:23", "end": "00:12:25", "text": "trends. We identified a series of mega"}, {"start": "00:12:25", "end": "00:12:27", "text": "trends about a year ago and we said we"}, {"start": "00:12:27", "end": "00:12:30", "text": "want to position our business, invest in"}, {"start": "00:12:30", "end": "00:12:33", "text": "those capabilities that will allow us to"}, {"start": "00:12:33", "end": "00:12:34", "text": "benefit from those mega trends because"}, {"start": "00:12:34", "end": "00:12:36", "text": "while we want to drive and are driving"}, {"start": "00:12:36", "end": "00:12:38", "text": "organic growth, we also want to make"}, {"start": "00:12:38", "end": "00:12:40", "text": "sure that we're attaching ourselves to"}, {"start": "00:12:40", "end": "00:12:43", "text": "these big market cycles and digital"}, {"start": "00:12:43", "end": "00:12:45", "text": "assets is one of them. Now that's not"}, {"start": "00:12:45", "end": "00:12:47", "text": "just stable coins, it's also"}, {"start": "00:12:47", "end": "00:12:49", "text": "tokenization and it really is across the"}, {"start": "00:12:49", "end": "00:12:51", "text": "ecosystem. So we've been investing"}, {"start": "00:12:51", "end": "00:12:54", "text": "around the ecosystem for using our"}, {"start": "00:12:54", "end": "00:12:56", "text": "traditional assets and then evolving our"}, {"start": "00:12:56", "end": "00:12:58", "text": "traditional business assets to be able"}, {"start": "00:12:58", "end": "00:13:00", "text": "to be onchain as well."}, {"start": "00:13:00", "end": "00:13:01", "text": "Can you go into"}, {"start": "00:13:01", "end": "00:13:04", "text": "I'll take that. So I mean again this is"}, {"start": "00:13:04", "end": "00:13:07", "text": "a nice little little segue that"}, {"start": "00:13:07", "end": "00:13:09", "text": "hopefully that they go in heavy into"}, {"start": "00:13:09", "end": "00:13:12", "text": "tokenization of assets. I believe that"}, {"start": "00:13:12", "end": "00:13:13", "text": "will be the future and once we can"}, {"start": "00:13:13", "end": "00:13:15", "text": "tokenize everything and get everybody"}, {"start": "00:13:15", "end": "00:13:16", "text": "access to it, it'll be pretty great,"}, {"start": "00:13:16", "end": "00:13:20", "text": "especially real estate. So, on top of"}, {"start": "00:13:20", "end": "00:13:22", "text": "that, I will be at uh tokenized Puerto"}, {"start": "00:13:22", "end": "00:13:26", "text": "Rico 2026, which is going on uh January"}, {"start": "00:13:26", "end": "00:13:28", "text": "29th to February 1st. If you make it"}, {"start": "00:13:28", "end": "00:13:31", "text": "down there, please give me a shout. I'll"}, {"start": "00:13:31", "end": "00:13:33", "text": "be hanging around. I think tokenization"}, {"start": "00:13:33", "end": "00:13:36", "text": "again is the future of uh everything."}, {"start": "00:13:36", "end": "00:13:39", "text": "And I think that is the big play for"}, {"start": "00:13:39", "end": "00:13:41", "text": "crypto, not memecoins. That's it for"}, {"start": "00:13:41", "end": "00:13:43", "text": "today. So, look, if you like today's"}, {"start": "00:13:43", "end": "00:13:44", "text": "video, give it a thumbs up. Consider"}, {"start": "00:13:44", "end": "00:13:45", "text": "subscribing. We talk about"}, {"start": "00:13:45", "end": "00:13:47", "text": "timesensitive. Want to give a shout out"}, {"start": "00:13:47", "end": "00:13:49", "text": "to Bobby for not chiming in when he was"}, {"start": "00:13:49", "end": "00:13:51", "text": "supposed to. Bobby, I don't know what"}, {"start": "00:13:51", "end": "00:13:53", "text": "happened. If you're still there, chime"}, {"start": "00:13:53", "end": "00:13:56", "text": "in. Tell us what you think about uh the"}, {"start": "00:13:56", "end": "00:13:58", "text": "Bitcoin overlay with Nvidia. But that's"}, {"start": "00:13:58", "end": "00:14:00", "text": "it for this one. Let's go into a little"}, {"start": "00:14:00", "end": "00:14:01", "text": "Q&A, answer all your questions, and"}, {"start": "00:14:01", "end": "00:14:04", "text": "we'll go from there. What do we got?"}, {"start": "00:14:04", "end": "00:14:08", "text": "Let's see."}, {"start": "00:14:09", "end": "00:14:12", "text": "Grudy says, \"Screw all this garbage."}, {"start": "00:14:12", "end": "00:14:13", "text": "It's time to face reality. Look up"}, {"start": "00:14:13", "end": "00:14:15", "text": "Monero so you can have privacy.\" Here's"}, {"start": "00:14:15", "end": "00:14:18", "text": "my question with this with Monero and"}, {"start": "00:14:18", "end": "00:14:21", "text": "Zcash because it is all about, you know,"}, {"start": "00:14:21", "end": "00:14:24", "text": "privacy and privacy tokens and not being"}, {"start": "00:14:24", "end": "00:14:27", "text": "able to track and everything else."}, {"start": "00:14:27", "end": "00:14:29", "text": "How many transactions has anybody done"}, {"start": "00:14:29", "end": "00:14:32", "text": "on Monero and Zcash for actual payments?"}, {"start": "00:14:32", "end": "00:14:34", "text": "I'm just curious, could you put in the"}, {"start": "00:14:34", "end": "00:14:37", "text": "comment section how you've done that and"}, {"start": "00:14:37", "end": "00:14:39", "text": "how you've moved funds around? Because"}, {"start": "00:14:39", "end": "00:14:41", "text": "to me, like"}, {"start": "00:14:41", "end": "00:14:43", "text": "Cash App and Square just rolled out the"}, {"start": "00:14:43", "end": "00:14:46", "text": "ability for all their merchants to"}, {"start": "00:14:46", "end": "00:14:49", "text": "accept Bitcoin. And in El Paso, Texas"}, {"start": "00:14:49", "end": "00:14:51", "text": "right now, where I'm where I'm at"}, {"start": "00:14:51", "end": "00:14:52", "text": "currently, I'll be in Puerto Rico very"}, {"start": "00:14:52", "end": "00:14:56", "text": "soon. Uh there are like five locations"}, {"start": "00:14:56", "end": "00:14:58", "text": "where you can do that. And this is all"}, {"start": "00:14:58", "end": "00:15:00", "text": "the merchants that have Square and every"}, {"start": "00:15:00", "end": "00:15:02", "text": "and tons of people use Square, right?"}, {"start": "00:15:02", "end": "00:15:04", "text": "It's a it's a it's a global standard for"}, {"start": "00:15:04", "end": "00:15:07", "text": "for merchants. Not of of course people"}, {"start": "00:15:07", "end": "00:15:08", "text": "say, \"Well, I don't use Square.\" just"}, {"start": "00:15:08", "end": "00:15:11", "text": "saying a lot of people use it blah blah"}, {"start": "00:15:11", "end": "00:15:13", "text": "blah. So when I took a look at this, I'm"}, {"start": "00:15:13", "end": "00:15:14", "text": "like, you got five people and that's"}, {"start": "00:15:14", "end": "00:15:16", "text": "just Bitcoin. That is the largest"}, {"start": "00:15:16", "end": "00:15:18", "text": "digital asset that we possibly have in"}, {"start": "00:15:18", "end": "00:15:21", "text": "the world. And now Zcash is coming up"}, {"start": "00:15:21", "end": "00:15:22", "text": "and there's this huge I think it did"}, {"start": "00:15:22", "end": "00:15:24", "text": "like a 10x over a year or so."}, {"start": "00:15:24", "end": "00:15:26", "text": "Congratulations Zcash holders and people"}, {"start": "00:15:26", "end": "00:15:28", "text": "talk about Monero like Grudy. How many"}, {"start": "00:15:28", "end": "00:15:30", "text": "of you have used that for transactions?"}, {"start": "00:15:30", "end": "00:15:32", "text": "And and how many of you are still using"}, {"start": "00:15:32", "end": "00:15:34", "text": "it for transactions? And how far did"}, {"start": "00:15:34", "end": "00:15:35", "text": "this does this go? Or is it just"}, {"start": "00:15:35", "end": "00:15:37", "text": "something like this is cool. could use"}, {"start": "00:15:37", "end": "00:15:39", "text": "that at some point. Let me know in the"}, {"start": "00:15:39", "end": "00:15:41", "text": "comments."}, {"start": "00:15:41", "end": "00:15:47", "text": "H Let's see. Drinking Australia."}, {"start": "00:15:47", "end": "00:15:50", "text": "I had to give up on SHIB."}, {"start": "00:15:50", "end": "00:15:52", "text": "It's okay. We all have to give up on"}, {"start": "00:15:52", "end": "00:15:54", "text": "something sometime."}, {"start": "00:15:54", "end": "00:15:58", "text": "So, let's see. Uh Chriso says, \"Rob is"}, {"start": "00:15:58", "end": "00:16:00", "text": "sounding like a crypto newbie this week."}, {"start": "00:16:00", "end": "00:16:03", "text": "If you can elaborate on that topic, I'd"}, {"start": "00:16:03", "end": "00:16:07", "text": "like to to see what you're saying."}, {"start": "00:16:07", "end": "00:16:10", "text": "Let's see. Is alt season a thing of the"}, {"start": "00:16:10", "end": "00:16:13", "text": "past."}, {"start": "00:16:14", "end": "00:16:18", "text": "Let's see. Where is this? Ah, and Fred,"}, {"start": "00:16:18", "end": "00:16:20", "text": "Mr. Feel, is alt season a thing of the"}, {"start": "00:16:20", "end": "00:16:22", "text": "past? Like, I've been saying this for"}, {"start": "00:16:22", "end": "00:16:24", "text": "quite some time. I don't think that all"}, {"start": "00:16:24", "end": "00:16:27", "text": "alts will run because there's not that"}, {"start": "00:16:27", "end": "00:16:32", "text": "much retail to fund. I think this"}, {"start": "00:16:32", "end": "00:16:33", "text": "our"}, {"start": "00:16:33", "end": "00:16:36", "text": "platform, our our markets, it used to be"}, {"start": "00:16:36", "end": "00:16:38", "text": "retail and now we're going more to"}, {"start": "00:16:38", "end": "00:16:41", "text": "institutional and you see it everywhere."}, {"start": "00:16:41", "end": "00:16:43", "text": "And because of that, I think a lot of"}, {"start": "00:16:43", "end": "00:16:44", "text": "gamblers"}, {"start": "00:16:44", "end": "00:16:46", "text": "don't really want to get into a lot of"}, {"start": "00:16:46", "end": "00:16:48", "text": "altcoins, especially with what happened"}, {"start": "00:16:48", "end": "00:16:51", "text": "in 2021 where they lost everything"}, {"start": "00:16:51", "end": "00:16:53", "text": "because they were into FTX and you know"}, {"start": "00:16:53", "end": "00:16:56", "text": "how that went. And then of course we got"}, {"start": "00:16:56", "end": "00:17:00", "text": "into the memecoin push which originally"}, {"start": "00:17:00", "end": "00:17:02", "text": "was pretty much organic and then it kind"}, {"start": "00:17:02", "end": "00:17:05", "text": "of gave way to it was just a big VC pump"}, {"start": "00:17:05", "end": "00:17:07", "text": "and dump and they got screwed over yet"}, {"start": "00:17:07", "end": "00:17:10", "text": "again. And now you know here we are and"}, {"start": "00:17:10", "end": "00:17:12", "text": "I think a lot of the retail they don't"}, {"start": "00:17:12", "end": "00:17:13", "text": "want to come back and they don't want to"}, {"start": "00:17:13", "end": "00:17:15", "text": "speculate because they're like I I keep"}, {"start": "00:17:15", "end": "00:17:18", "text": "losing you know I'm not going to keep lo"}, {"start": "00:17:18", "end": "00:17:19", "text": "I'm not going to keep going into this"}, {"start": "00:17:19", "end": "00:17:21", "text": "casino because I keep losing. So, I"}, {"start": "00:17:21", "end": "00:17:23", "text": "think a lot of these alts will die and"}, {"start": "00:17:23", "end": "00:17:26", "text": "they should die and hopefully a lot of"}, {"start": "00:17:26", "end": "00:17:29", "text": "those developers will go over to chains"}, {"start": "00:17:29", "end": "00:17:31", "text": "that actually do something and then we"}, {"start": "00:17:31", "end": "00:17:34", "text": "can start to really take off because we"}, {"start": "00:17:34", "end": "00:17:38", "text": "don't need 10,000 tokens. We need three"}, {"start": "00:17:38", "end": "00:17:40", "text": "to four really good ones that actually"}, {"start": "00:17:40", "end": "00:17:42", "text": "do stuff and integrate into the system"}, {"start": "00:17:42", "end": "00:17:45", "text": "and make traditional finance better. And"}, {"start": "00:17:45", "end": "00:17:47", "text": "that's why I like with tokenization."}, {"start": "00:17:47", "end": "00:17:48", "text": "That's why I like payments. That's why I"}, {"start": "00:17:48", "end": "00:17:51", "text": "talk about the best tokens out there"}, {"start": "00:17:51", "end": "00:17:53", "text": "which are Bitcoin, Binance, Ethereum,"}, {"start": "00:17:53", "end": "00:17:57", "text": "Salana, and Tron. So, those are the best"}, {"start": "00:17:57", "end": "00:17:59", "text": "and I think those are the ones that in"}, {"start": "00:17:59", "end": "00:18:01", "text": "the future will probably make it. I may"}, {"start": "00:18:01", "end": "00:18:03", "text": "be wrong on some, but I don't think I'll"}, {"start": "00:18:03", "end": "00:18:05", "text": "be wrong on every single one of them."}, {"start": "00:18:05", "end": "00:18:08", "text": "We'll see."}, {"start": "00:18:08", "end": "00:18:09", "text": "Anyhow, to answer your question, I don't"}, {"start": "00:18:09", "end": "00:18:13", "text": "think Old Season is coming back."}, {"start": "00:18:13", "end": "00:18:15", "text": "Tom leaves. That's a great picture. Rob"}, {"start": "00:18:15", "end": "00:18:18", "text": "was a pro. Great content."}, {"start": "00:18:18", "end": "00:18:20", "text": "Soul is sure getting devs in right now"}, {"start": "00:18:20", "end": "00:18:22", "text": "as well. They should. I mean, they're"}, {"start": "00:18:22", "end": "00:18:25", "text": "actually growing."}, {"start": "00:18:25", "end": "00:18:27", "text": "Bob says, \"I shielded my profits from"}, {"start": "00:18:27", "end": "00:18:29", "text": "Zcash. That's all an Scoin deserves."}, {"start": "00:18:29", "end": "00:18:31", "text": "That has lost 90% of its value to"}, {"start": "00:18:31", "end": "00:18:35", "text": "Bitcoin.\" Well, I mean,"}, {"start": "00:18:35", "end": "00:18:37", "text": "Zcash is Zcash and everybody seems to"}, {"start": "00:18:37", "end": "00:18:39", "text": "want to pump it."}, {"start": "00:18:39", "end": "00:18:41", "text": "I did see one."}, {"start": "00:18:41", "end": "00:18:46", "text": "Um, who posted it?"}, {"start": "00:18:46", "end": "00:18:48", "text": "Tom McGrath. No, that wasn't it."}, {"start": "00:18:48", "end": "00:18:52", "text": "Somebody had posted that uh that the"}, {"start": "00:18:52", "end": "00:18:54", "text": "Zcash organization had reached out to"}, {"start": "00:18:54", "end": "00:18:56", "text": "him and wanted him to pump it, but then"}, {"start": "00:18:56", "end": "00:18:57", "text": "I was looking, I was like, I wonder if"}, {"start": "00:18:57", "end": "00:18:59", "text": "that's the actual Zcash Foundation or if"}, {"start": "00:18:59", "end": "00:19:00", "text": "that's just another scammer just"}, {"start": "00:19:00", "end": "00:19:01", "text": "reaching out. So, I didn't even want to"}, {"start": "00:19:01", "end": "00:19:06", "text": "talk about it. Yeah. God damn. Exactly."}, {"start": "00:19:06", "end": "00:19:09", "text": "Yeah. Yeah. Meme says, \"Zcash has"}, {"start": "00:19:09", "end": "00:19:11", "text": "optional privacy that users can control,"}, {"start": "00:19:11", "end": "00:19:12", "text": "make their transaction shielded or"}, {"start": "00:19:12", "end": "00:19:14", "text": "transparent, public, and that's great."}, {"start": "00:19:14", "end": "00:19:16", "text": "I'm just curious like who actually uses"}, {"start": "00:19:16", "end": "00:19:19", "text": "it in this whole chat. I want to know"}, {"start": "00:19:19", "end": "00:19:21", "text": "anybody who has used Zcash or Monero to"}, {"start": "00:19:21", "end": "00:19:23", "text": "do any kind of transaction moving"}, {"start": "00:19:23", "end": "00:19:26", "text": "forward. I've personally used Bitcoin"}, {"start": "00:19:26", "end": "00:19:29", "text": "for transactions. I actually use it"}, {"start": "00:19:29", "end": "00:19:33", "text": "here. It was like a nice little thing."}, {"start": "00:19:34", "end": "00:19:38", "text": "Now, let's see."}, {"start": "00:19:39", "end": "00:19:41", "text": "What's up from Dubai, Rob? Do you ever"}, {"start": "00:19:41", "end": "00:19:44", "text": "get tired of talking so much? This is"}, {"start": "00:19:44", "end": "00:19:46", "text": "pretty much the only time I do this much"}, {"start": "00:19:46", "end": "00:19:48", "text": "talking. Other than that, it's pretty"}, {"start": "00:19:48", "end": "00:19:51", "text": "quiet."}, {"start": "00:19:51", "end": "00:19:54", "text": "Uh,"}, {"start": "00:19:54", "end": "00:19:56", "text": "Bodan says, \"Look at the media, Rob."}, {"start": "00:19:56", "end": "00:19:58", "text": "There was articles about institutions"}, {"start": "00:19:58", "end": "00:20:00", "text": "giving up Bitcoin for Zcash can also"}, {"start": "00:20:00", "end": "00:20:04", "text": "cause the pump.\" I'm not saying that it"}, {"start": "00:20:04", "end": "00:20:06", "text": "hasn't been happening. Uh, I just saw"}, {"start": "00:20:06", "end": "00:20:10", "text": "one uh from either"}, {"start": "00:20:10", "end": "00:20:12", "text": "from Vanek"}, {"start": "00:20:12", "end": "00:20:16", "text": "where the CEO came out and said that hey"}, {"start": "00:20:16", "end": "00:20:18", "text": "you know the narrative around Bitcoin"}, {"start": "00:20:18", "end": "00:20:20", "text": "there are some issues especially with"}, {"start": "00:20:20", "end": "00:20:22", "text": "quantum computing we don't think it's"}, {"start": "00:20:22", "end": "00:20:23", "text": "going to affect it yet but it could in"}, {"start": "00:20:23", "end": "00:20:26", "text": "the future but they he said but now"}, {"start": "00:20:26", "end": "00:20:27", "text": "people are talking about privacy and how"}, {"start": "00:20:27", "end": "00:20:30", "text": "important it is and we're and he didn't"}, {"start": "00:20:30", "end": "00:20:32", "text": "say we're looking at Zcash or we're"}, {"start": "00:20:32", "end": "00:20:34", "text": "purchasing Zcash he just talked about"}, {"start": "00:20:34", "end": "00:20:38", "text": "how that was the narrative about privacy"}, {"start": "00:20:38", "end": "00:20:40", "text": "let me ask you this I mean how long"}, {"start": "00:20:40", "end": "00:20:42", "text": "Zcash been around now all of a sudden"}, {"start": "00:20:42", "end": "00:20:44", "text": "Privacy has to be the big thing. I mean,"}, {"start": "00:20:44", "end": "00:20:47", "text": "I guess so. I mean, if you're a Zcash"}, {"start": "00:20:47", "end": "00:20:49", "text": "holder, fantastic. I just asked a"}, {"start": "00:20:49", "end": "00:20:50", "text": "question, which is how many of you have"}, {"start": "00:20:50", "end": "00:20:53", "text": "actually use Zcash for any transactions?"}, {"start": "00:20:53", "end": "00:20:56", "text": "I doubt I'm going to guess less than 1%"}, {"start": "00:20:56", "end": "00:21:00", "text": "of everybody on this chat has used it."}, {"start": "00:21:01", "end": "00:21:02", "text": "FJ says, \"Anywhere there's a need for"}, {"start": "00:21:02", "end": "00:21:05", "text": "mechanics in Puerto Rico? Is any always"}, {"start": "00:21:05", "end": "00:21:09", "text": "need for that?\" Let's see."}, {"start": "00:21:09", "end": "00:21:11", "text": "Hey, Rob, do you do you risk any alt? I"}, {"start": "00:21:11", "end": "00:21:13", "text": "don't hold any. Well, I guess if you if"}, {"start": "00:21:13", "end": "00:21:15", "text": "you called Dogecoin a meme meme, I still"}, {"start": "00:21:15", "end": "00:21:18", "text": "hold that, but that's about it."}, {"start": "00:21:18", "end": "00:21:21", "text": "Uh, but the rest of them I got rid of. I"}, {"start": "00:21:21", "end": "00:21:24", "text": "think they were all worthless."}, {"start": "00:21:24", "end": "00:21:27", "text": "Fake privacy. If you look into it, I"}, {"start": "00:21:27", "end": "00:21:30", "text": "don't even want to know."}, {"start": "00:21:30", "end": "00:21:32", "text": "Let's see. How many merchants take"}, {"start": "00:21:32", "end": "00:21:35", "text": "Puerto Rico in Puerto Rico take Bitcoin?"}, {"start": "00:21:35", "end": "00:21:37", "text": "I don't know. I mean, my friend Stea"}, {"start": "00:21:37", "end": "00:21:39", "text": "used to do it over at the Sanan"}, {"start": "00:21:39", "end": "00:21:42", "text": "Smokehouse, but uh I haven't used the"}, {"start": "00:21:42", "end": "00:21:44", "text": "app, the cash app"}, {"start": "00:21:44", "end": "00:21:46", "text": "uh to check out the map. So, I'll let"}, {"start": "00:21:46", "end": "00:21:50", "text": "you know when I get back."}, {"start": "00:21:51", "end": "00:21:53", "text": "Hide your profits. Shaking my head. More"}, {"start": "00:21:53", "end": "00:21:57", "text": "like evading paying taxes. Yeah, I mean,"}, {"start": "00:21:57", "end": "00:22:00", "text": "you can do it. You can try it."}, {"start": "00:22:00", "end": "00:22:05", "text": "I would not recommend that."}, {"start": "00:22:05", "end": "00:22:07", "text": "And then uh Emerson says, \"The real"}, {"start": "00:22:07", "end": "00:22:08", "text": "problem with privacy coins is the risk"}, {"start": "00:22:08", "end": "00:22:09", "text": "of them being banned because of"}, {"start": "00:22:09", "end": "00:22:13", "text": "privacy.\" I I'm not gonna FUD it, but I"}, {"start": "00:22:13", "end": "00:22:14", "text": "know there was one exchange that said,"}, {"start": "00:22:14", "end": "00:22:16", "text": "\"If it went through these types of"}, {"start": "00:22:16", "end": "00:22:19", "text": "wallets, we're not going to accept it.\""}, {"start": "00:22:19", "end": "00:22:20", "text": "Doesn't mean it won't be awesome at some"}, {"start": "00:22:20", "end": "00:22:23", "text": "point."}, {"start": "00:22:25", "end": "00:22:27", "text": "Is it hard to mow the lawn between the"}, {"start": "00:22:27", "end": "00:22:29", "text": "papers? That's a green screen, but I"}, {"start": "00:22:29", "end": "00:22:31", "text": "would guess whoever made this green"}, {"start": "00:22:31", "end": "00:22:32", "text": "screen that they would just use uh"}, {"start": "00:22:32", "end": "00:22:35", "text": "astroturf for a fake grass."}, {"start": "00:22:35", "end": "00:22:38", "text": "Uh,"}, {"start": "00:22:38", "end": "00:22:41", "text": "let's see."}, {"start": "00:22:41", "end": "00:22:44", "text": "I'm not gonna talk about that. You must"}, {"start": "00:22:44", "end": "00:22:47", "text": "want my channel to get banned"}, {"start": "00:22:47", "end": "00:22:50", "text": "almost."}, {"start": "00:22:52", "end": "00:22:55", "text": "That's"}, {"start": "00:22:59", "end": "00:23:01", "text": "Anyone ever noticed the way Rob says"}, {"start": "00:23:01", "end": "00:23:05", "text": "Solana? Uh, no."}, {"start": "00:23:05", "end": "00:23:09", "text": "Zcash to pay at Chipotle with Zashi"}, {"start": "00:23:09", "end": "00:23:11", "text": "wallet and Flexa."}, {"start": "00:23:11", "end": "00:23:14", "text": "Who's done that?"}, {"start": "00:23:14", "end": "00:23:17", "text": "Spout off and tell me."}, {"start": "00:23:17", "end": "00:23:20", "text": "Did you sell all your alts? No. Are we"}, {"start": "00:23:20", "end": "00:23:21", "text": "in a bare market or pullback? Bare"}, {"start": "00:23:21", "end": "00:23:24", "text": "market. Rumor has it is going to"}, {"start": "00:23:24", "end": "00:23:27", "text": "increase the de the deflation rate."}, {"start": "00:23:27", "end": "00:23:28", "text": "Yeah, they're going to vote on that"}, {"start": "00:23:28", "end": "00:23:32", "text": "right now as a matter of fact."}, {"start": "00:23:33", "end": "00:23:35", "text": "Ah, Krypto Steo says, \"Rob, I've been"}, {"start": "00:23:35", "end": "00:23:36", "text": "buying more Salana than even more"}, {"start": "00:23:36", "end": "00:23:41", "text": "salana. Also have been really good."}, {"start": "00:23:41", "end": "00:23:45", "text": "That's not a rumor. That's true."}, {"start": "00:23:45", "end": "00:23:47", "text": "Let's see."}, {"start": "00:23:47", "end": "00:23:50", "text": "Makes excellent work. XRP ETF. I believe"}, {"start": "00:23:50", "end": "00:23:53", "text": "that's coming.\""}, {"start": "00:23:54", "end": "00:23:55", "text": "Uh,"}, {"start": "00:23:55", "end": "00:23:58", "text": "okay. Great. I got one person. Joe said,"}, {"start": "00:23:58", "end": "00:24:00", "text": "\"I use Zcash to pay at Chipotle using"}, {"start": "00:24:00", "end": "00:24:02", "text": "Zashi wallet in Flexa. I have one"}, {"start": "00:24:02", "end": "00:24:05", "text": "person.\" Fantastic."}, {"start": "00:24:05", "end": "00:24:08", "text": "I fear privacy coins will be outlawed."}, {"start": "00:24:08", "end": "00:24:12", "text": "Who knows?"}, {"start": "00:24:13", "end": "00:24:15", "text": "That means that if you're a Zcash"}, {"start": "00:24:15", "end": "00:24:16", "text": "holder, maybe you want to take some"}, {"start": "00:24:16", "end": "00:24:20", "text": "profits. That's all."}, {"start": "00:24:20", "end": "00:24:22", "text": "Yeah, I thought there was a ETF. I don't"}, {"start": "00:24:22", "end": "00:24:25", "text": "know. I don't I don't hold any XRP"}, {"start": "00:24:25", "end": "00:24:27", "text": "anymore, so I'm really not that big into"}, {"start": "00:24:27", "end": "00:24:29", "text": "it. But there's a ton of other channels"}, {"start": "00:24:29", "end": "00:24:31", "text": "that love XRP. They'll tell you all"}, {"start": "00:24:31", "end": "00:24:34", "text": "about it."}, {"start": "00:24:35", "end": "00:24:37", "text": "I'm"}, {"start": "00:24:37", "end": "00:24:40", "text": "gonna leave this here. This is good."}, {"start": "00:24:40", "end": "00:24:41", "text": "What's going on with the centraland? Are"}, {"start": "00:24:41", "end": "00:24:43", "text": "there plots of land still worth a lot?"}, {"start": "00:24:43", "end": "00:24:45", "text": "Haven't heard about this since 2022."}, {"start": "00:24:45", "end": "00:24:48", "text": "Yeah, that's a good reminder. Remember"}, {"start": "00:24:48", "end": "00:24:50", "text": "when Facebook changed their name to Meta"}, {"start": "00:24:50", "end": "00:24:52", "text": "and everyone went crazy because they"}, {"start": "00:24:52", "end": "00:24:54", "text": "thought this was the new future. Be"}, {"start": "00:24:54", "end": "00:24:57", "text": "careful with the new future because it"}, {"start": "00:24:57", "end": "00:25:00", "text": "could be tomorrow or it could be 20"}, {"start": "00:25:00", "end": "00:25:01", "text": "years from now. And that's why you"}, {"start": "00:25:01", "end": "00:25:03", "text": "always want to take profits. That's"}, {"start": "00:25:03", "end": "00:25:05", "text": "pretty good. Anyhow, that's it for today"}, {"start": "00:25:05", "end": "00:25:06", "text": "everybody. So, thanks so much for"}, {"start": "00:25:06", "end": "00:25:08", "text": "stopping by. I appreciate it. 25 Thanks"}, {"start": "00:25:08", "end": "00:25:11", "text": "for being here for 25 minutes hanging"}, {"start": "00:25:11", "end": "00:25:13", "text": "out with me. I appreciate it. Tomorrow,"}, {"start": "00:25:13", "end": "00:25:14", "text": "well, the live stream will be with uh"}, {"start": "00:25:14", "end": "00:25:17", "text": "Jerry and then we'll go from there. So"}, {"start": "00:25:17", "end": "00:25:18", "text": "everybody, thanks so much. I appreciate"}, {"start": "00:25:18", "end": "00:25:20", "text": "you. Like and subscribe. We'll see you"}, {"start": "00:25:20", "end": "00:25:22", "text": "in the next one."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Hello everybody, welcome to the Friday live stream. So just like title and thumbnail suggest, there is some"}, {"start": "00:00:06", "end": "00:00:11", "text": "slightly good news and we're going to talk about that. But uh some things on the back end which will be considered"}, {"start": "00:00:11", "end": "00:00:18", "text": "bearish or not so great news. I'm going to give you a balance today and we're going to run through it. But I think things are going to work themselves out."}, {"start": "00:00:18", "end": "00:00:23", "text": "And to help me clarify that point, this is from bit or Peter McCormack who's the"}, {"start": "00:00:23", "end": "00:00:30", "text": "host of what Bitcoin did. And he reminds us all that uh if you are new to this, we understand especially if this is your"}, {"start": "00:00:30", "end": "00:00:36", "text": "first cycle, this is not easy. Especially if you come from traditional finance and you come here to crypto and you're like, \"Wow, look at these swings."}, {"start": "00:00:36", "end": "00:00:42", "text": "Look at this volatility. I didn't think there was going to be this much volatility because all the institutions are here.\" Well, it goes without saying"}, {"start": "00:00:42", "end": "00:00:47", "text": "that that is just pretty much how it is. And Peter says, \"This is my fourth tour of duty.\" I think he's been around since"}, {"start": "00:00:47", "end": "00:00:53", "text": "2012 or so. So, stop being so concerned. Bitcoin goes up, Bitcoin goes down."}, {"start": "00:00:53", "end": "00:00:59", "text": "Schiff talks and keeps talking. And then of course he's talking about Peter Schiff and the gold bugs. Now I"}, {"start": "00:00:59", "end": "00:01:05", "text": "personally own gold. I don't see the animosity why they have it. But uh you know this is just a reminder that yeah"}, {"start": "00:01:05", "end": "00:01:10", "text": "we've been through everything. We've been through a uh corona virus which was"}, {"start": "00:01:10", "end": "00:01:16", "text": "supposed to wipe out 50% of the human population and essentially uh plunge us"}, {"start": "00:01:16", "end": "00:01:21", "text": "into Mad Max beyond Thunderdome. Uh we wrote it all out through the FTX,"}, {"start": "00:01:21", "end": "00:01:26", "text": "Voyager, Celsius, BlockFi collapse. We came out of all the different exchanges"}, {"start": "00:01:26", "end": "00:01:32", "text": "collapsing. We've come through uh the rates being sideways or just uh doing"}, {"start": "00:01:32", "end": "00:01:38", "text": "nothing to being cut to being raised to quantitative tightening, everything being put on the Fed balance sheet and"}, {"start": "00:01:38", "end": "00:01:43", "text": "taken off again. And we're still here. So, as a reminder, things seem bleak"}, {"start": "00:01:43", "end": "00:01:50", "text": "right before they get bright. And I will tell you some of the bright spots today are a little bit of uh notes that are"}, {"start": "00:01:50", "end": "00:01:57", "text": "coming through that it looks like uh Fed Jerome Powell may be ready to cut rates."}, {"start": "00:01:57", "end": "00:02:05", "text": "And it's not about Jerome Powell, but it's about who said it and why these individuals are so important. So this is"}, {"start": "00:02:05", "end": "00:02:12", "text": "a piece from Yahoo News. New York Fed President John Williams signaled he could support a cut when the central"}, {"start": "00:02:12", "end": "00:02:19", "text": "banks meet in December. I know this doesn't sound too great. you're like, who cares? You know, he's just some guy who says he could support a cut. How"}, {"start": "00:02:19", "end": "00:02:25", "text": "lame is that? But listen, he states, I still see room for a further adjustment in the near term to the target range for"}, {"start": "00:02:25", "end": "00:02:32", "text": "the federal funds rate to move the stance of policy closer to the range of neutral. William said in a speech, of"}, {"start": "00:02:32", "end": "00:02:38", "text": "course, said this in Chile, not here, even here in the United States. So why is this such a big deal? It's because,"}, {"start": "00:02:38", "end": "00:02:43", "text": "as it states here, Williams comments carry weight because he is the vice chairman. He's part of what's called the"}, {"start": "00:02:43", "end": "00:02:50", "text": "troa of the Federal Open Market Committee and he's what's officially known uh actually what is officially"}, {"start": "00:02:50", "end": "00:02:58", "text": "known as he is the vice chairman. So the troa comprises of him groups of him leaders"}, {"start": "00:02:58", "end": "00:03:06", "text": "of the Fed including Jerome Powell and vice chair Philip Jefferson. So they pretty much make up that trifecta"}, {"start": "00:03:06", "end": "00:03:13", "text": "of the federal governor or the Federal Reserve government or governors who can say yes or no to these rate cuts. And"}, {"start": "00:03:13", "end": "00:03:18", "text": "also a little piece here from Steven Moran who is uh"}, {"start": "00:03:18", "end": "00:03:24", "text": "Donald Trump's choice maybe possibly to take over for Jerome Powell, but he's"}, {"start": "00:03:24", "end": "00:03:30", "text": "also a governor. He said today he would vote for a 25 basis point rate cut"}, {"start": "00:03:30", "end": "00:03:37", "text": "instead of the 50 basis point cut he favors. Now I'm all for that. 50 basis points. Fantastic. Let's do it now"}, {"start": "00:03:37", "end": "00:03:42", "text": "because of these comments. And it's not even that much. Look at the sentiment and how fast it changes. This is from"}, {"start": "00:03:42", "end": "00:03:48", "text": "Poly Market. How it's actually flipped. Fed decision December looks like it's going to be a"}, {"start": "00:03:48", "end": "00:03:55", "text": "25 basis point decrease as opposed to no change. and no change was a legal was"}, {"start": "00:03:55", "end": "00:04:01", "text": "the leading indicator as of 24 hours ago. Because of these three sentences,"}, {"start": "00:04:01", "end": "00:04:07", "text": "this is how much sentiment flips. And I want you to remember this as we go through this cycle. Because I know it"}, {"start": "00:04:07", "end": "00:04:12", "text": "seems very bleak and very dark, but sentiment the fastest"}, {"start": "00:04:12", "end": "00:04:19", "text": "thing in the universe. It isn't the speed of sound, speed of light. It is the crypto sentiment that is out there."}, {"start": "00:04:19", "end": "00:04:25", "text": "And it can change at the drop of a hat. And it's not just here on Poly Market over the CME Group. I mean, it"}, {"start": "00:04:25", "end": "00:04:30", "text": "essentially inverted. It was a 60/40 split. 60% state says we're going to"}, {"start": "00:04:30", "end": "00:04:36", "text": "stay the same 40% and dropping that we were going to cut. Now we're a 7030. And"}, {"start": "00:04:36", "end": "00:04:44", "text": "I've been watching this all day. It was at one point a 6040. Now today it's 7030. So as things move forward, this"}, {"start": "00:04:44", "end": "00:04:51", "text": "could be big. Now I hope this actually works out and this will happen on December 10th. So, we'll seeuh how it"}, {"start": "00:04:51", "end": "00:04:59", "text": "plays. But now it's up to you to decide what you want to do with information. Is this something that you want to invest into or just dollar cost average or"}, {"start": "00:04:59", "end": "00:05:05", "text": "whatever else? And to to help me answer that question, I'm going to bring in my friend uh Bobby. Bobby, if you don't"}, {"start": "00:05:05", "end": "00:05:10", "text": "know, is uh he's a heck of a macroeconomist and he's got some pretty good insights, but unfortunately, he is"}, {"start": "00:05:10", "end": "00:05:18", "text": "a degenerate gambler. So, so Bobby, welcome to the show for the first time."}, {"start": "00:05:19", "end": "00:05:25", "text": "Hey, thanks for having me. Absolutely thrilled to be here for first time on the show and yeah, you know, I might be"}, {"start": "00:05:25", "end": "00:05:31", "text": "a bit of a degenerate gambler, but that just means I look at these things from a totally different angle. So, when it comes to something like this December"}, {"start": "00:05:31", "end": "00:05:36", "text": "rate cut or the market flipping sentiment, I say let's go full throttle. I mean, if we're going to have a 25"}, {"start": "00:05:36", "end": "00:05:42", "text": "basis point cut and the market's already starting to price it in, that's just an excuse to crank up the leverage, throw some big bets on, have some fun with it."}, {"start": "00:05:42", "end": "00:05:49", "text": "So, I'm all for it and let's see what happens. Thanks for having me. Okay. So, so Bobby, let me ask you this before I move on. Let's say I have"}, {"start": "00:05:49", "end": "00:05:55", "text": "$100,000 and you want to, you know, make some"}, {"start": "00:05:55", "end": "00:06:01", "text": "make some plays. How would you personally do it right now?"}, {"start": "00:06:02", "end": "00:06:07", "text": "Oh, absolutely. Well, if I've got 100 grand and I'm going full degenerate mode here, I'm going to have a lot of fun"}, {"start": "00:06:07", "end": "00:06:13", "text": "with it. So, here's what I do. I'd probably take a big chunk, maybe 50%. and I throw on some high leverage trades"}, {"start": "00:06:13", "end": "00:06:19", "text": "around that Fed decision. If I think they're going to cut rates and the market's going to pop, I'm going all in on some leverage longs. And then maybe"}, {"start": "00:06:19", "end": "00:06:24", "text": "with the other half, I might spread it around a few altcoins that I think could really run if we get a positive reaction. Basically, I treat it like a"}, {"start": "00:06:24", "end": "00:06:30", "text": "big casino and just have a blast with it. So that's the degenerate approach. Go big or go home and have some fun with that 100k."}, {"start": "00:06:30", "end": "00:06:37", "text": "Okay. So So everybody, I want you to remember that's uh first of all, thanks Bobby. Just sit back until we need you."}, {"start": "00:06:37", "end": "00:06:45", "text": "But I have to tell you that is the degenerate gambler play. So, just remember that when you're thinking to yourself, what would Bobby do? What"}, {"start": "00:06:45", "end": "00:06:50", "text": "would Robbie do? And just kind of balance that out and we'll see it. But again, thanks Bobby. Sit sit back and uh"}, {"start": "00:06:50", "end": "00:06:56", "text": "we'll take it from here. We'll bring you back when we need you. So, because of that though, what's going on? How are we"}, {"start": "00:06:56", "end": "00:07:02", "text": "doing today? 85,000. And as a reminder, over the last, you know, 45 days, we've"}, {"start": "00:07:02", "end": "00:07:08", "text": "gone from 12 Well, it says 12, yeah, 126,000 all the way down. Pretty big"}, {"start": "00:07:08", "end": "00:07:13", "text": "drop off. And we talked about that, you know, this is normal even for bull"}, {"start": "00:07:13", "end": "00:07:18", "text": "markets. I mean, remember in 2021, we dropped 50% in essentially 35 days."}, {"start": "00:07:18", "end": "00:07:24", "text": "Actually, no, I think it was 30 days and that was uh in April right down to June."}, {"start": "00:07:24", "end": "00:07:29", "text": "Yeah. So, I guess it was 30 35 days. 50%. And today we are at what do we say"}, {"start": "00:07:29", "end": "00:07:35", "text": "here? Negative 31%. But this was also a thing from Charlie Bolo kind of helps us"}, {"start": "00:07:35", "end": "00:07:41", "text": "gauge things as sentiment starts to even out that you can see that yeah this"}, {"start": "00:07:41", "end": "00:07:48", "text": "decline today in 2000 from October 6th November it's a negative 36 but look at these declines in some of these bull"}, {"start": "00:07:48", "end": "00:07:58", "text": "runs look at this oh so was excuse me it was longer there was 60 days April 14th to June 22nd 2021 we had a 55% drop in"}, {"start": "00:07:58", "end": "00:08:04", "text": "that bull run also I don't know remember this? And I forgot about this. November"}, {"start": "00:08:04", "end": "00:08:10", "text": "8th, 2017 to November 12th, we had a 30 I"}, {"start": "00:08:10", "end": "00:08:18", "text": "don't remember this at all. That's amazing. We had a 30% drop. Now, it is it it hurts more. Now, because we're in"}, {"start": "00:08:18", "end": "00:08:25", "text": "the hundred,000, we're in six figures. But back then, it was a whopping $7,879."}, {"start": "00:08:25", "end": "00:08:30", "text": "That dropped to 5,500. So, yes, that was 30%, but it didn't feel like it. It"}, {"start": "00:08:30", "end": "00:08:37", "text": "didn't feel like that percentage because why? Because you didn't have 126,000 going to essentially 90,000. And that is"}, {"start": "00:08:37", "end": "00:08:45", "text": "I think the the big difference. Also look at this March 10th to March 24th, 2017 33%. And then of course there's"}, {"start": "00:08:45", "end": "00:08:50", "text": "some some mixed in there. But uh you'll see that even in a what we considered a"}, {"start": "00:08:50", "end": "00:08:58", "text": "a bullish time, we have some pretty big drop offs. And that's that's the good news. And that's pretty much as good as"}, {"start": "00:08:58", "end": "00:09:03", "text": "I can give it to you today as far as like some positivity. Now, it all has to"}, {"start": "00:09:03", "end": "00:09:09", "text": "do with negativity. So, if you'd like to step away and be like, that's great. I have myopium for heading into the weekend. I need nothing else from you,"}, {"start": "00:09:09", "end": "00:09:15", "text": "Rob. I appreciate it. Or if you want to stick around and hear the reality, you're welcome to do so, but it's going"}, {"start": "00:09:15", "end": "00:09:23", "text": "to hurt. And here we go. So, this is the ETF list and we're taking a"}, {"start": "00:09:23", "end": "00:09:30", "text": "look at Bitcoin. And unfortunately, as of 20th November, that was yesterday, it"}, {"start": "00:09:30", "end": "00:09:36", "text": "was the highest outflow of Bitcoin from all ETFs"}, {"start": "00:09:36", "end": "00:09:41", "text": "ever, EV ever, ever. 20th November was"}, {"start": "00:09:41", "end": "00:09:48", "text": "355 million. Now, Black Rockck itself had the largest outflow by itself on"}, {"start": "00:09:48", "end": "00:09:55", "text": "18th November. Correct me in the comment section at 523 million. But as far as like total, we almost had a billion"}, {"start": "00:09:55", "end": "00:10:00", "text": "dollars. We were like a well, we were 97 million away from a billion dollar"}, {"start": "00:10:00", "end": "00:10:05", "text": "outflow in one single day. That's not good. However, as a reminder, as we"}, {"start": "00:10:05", "end": "00:10:11", "text": "always have to do, so the spot ETF total accumulation, our high was 61,000 on"}, {"start": "00:10:11", "end": "00:10:17", "text": "16th of October. Now, we're sitting at 57,374. So, that's still a lot of uh Bitcoin"}, {"start": "00:10:17", "end": "00:10:22", "text": "being gobbled up and just sitting there. But the largest day, that could be an"}, {"start": "00:10:22", "end": "00:10:30", "text": "omen of things to come. And it's not just Bitcoin. Take a look at Ethereum. So, Ethereum, this is the second largest"}, {"start": "00:10:30", "end": "00:10:37", "text": "day ever of outflows, which was 20th November, 261. The last time I think it was"}, {"start": "00:10:37", "end": "00:10:43", "text": "October 18th, I can't remember exactly when it was, but it was large and that"}, {"start": "00:10:43", "end": "00:10:49", "text": "was the the most. I think it was like 289 million. So, today at 260 or excuse me, yesterday 261 million, it's the most"}, {"start": "00:10:49", "end": "00:10:56", "text": "outflows. So, again, sentiment is uh pretty bad and that's what it happens."}, {"start": "00:10:56", "end": "00:11:03", "text": "And as a reminder, it's not just Ethereum that's getting, you know, heavy-handed. Uh, looks like Tom Lee and"}, {"start": "00:11:03", "end": "00:11:09", "text": "his company Bitmine now holds more ETH than BlackRock. After buying 63,000 ETH"}, {"start": "00:11:09", "end": "00:11:15", "text": "this week, Bitmine's holdings have reached uh 3,623,000"}, {"start": "00:11:15", "end": "00:11:21", "text": "Ethereum or almost 10 billion. Imagine the valuation that would be if we were at an all-time high of around $5,000 per"}, {"start": "00:11:21", "end": "00:11:29", "text": "Ethereum because right now we're looking at roughly gosh, what is it? 2500 somewhere around there. Let me take a look here. It is 2741. So"}, {"start": "00:11:29", "end": "00:11:36", "text": "congratulations uh Tom Lee and Bitmine. That is not an easy thing. And then also if we look at"}, {"start": "00:11:36", "end": "00:11:44", "text": "Salana and we just see how things are that's not right. Hold on real quick. If we take a look at Salana uh the ETF flow"}, {"start": "00:11:44", "end": "00:11:49", "text": "uh that is the only one that is positive. So the Salana ETF flow from"}, {"start": "00:11:49", "end": "00:11:55", "text": "the beginning back in third of November from Bitwise of course Bitwise Banic Fidelity two shows Grayscale all doing"}, {"start": "00:11:55", "end": "00:12:00", "text": "their same thing but even Grayscale isn't having a an outflow are actually"}, {"start": "00:12:00", "end": "00:12:06", "text": "just buying. So I mean let's see how Salana does. Unfortunately, if you take a look at the price action of Salana"}, {"start": "00:12:06", "end": "00:12:15", "text": "today, uh it's down 4.3% and down 10% and I want to say it's about gosh 45%"}, {"start": "00:12:15", "end": "00:12:20", "text": "away from its all-time high. Maybe 50%. Yeah, roughly. So,"}, {"start": "00:12:20", "end": "00:12:27", "text": "lows are doing relatively good for one and one only. That would be unfortunately Salana. Also, more bad"}, {"start": "00:12:27", "end": "00:12:33", "text": "news. Uh, Smart Money stablecoin indicator, which uh Wes reminded me that"}, {"start": "00:12:33", "end": "00:12:39", "text": "this is what's going on. Thank god for Wes over there at Smart Money Tracking. He's like, \"Hey, hey mate.\" Or I can't"}, {"start": "00:12:39", "end": "00:12:44", "text": "even do a good impression of him. But, uh, I'm just not good with impressions, but you can take a look here with Smart"}, {"start": "00:12:44", "end": "00:12:50", "text": "Money stable coin. It's essentially when smart money quote unquote, this is just different, uh, wallets that are being"}, {"start": "00:12:50", "end": "00:12:57", "text": "tracked. You can just see that uh over time since roughly"}, {"start": "00:12:57", "end": "00:13:03", "text": "August 28th, they've been selling here and there. And once they sell, they don't get into cash. They get into"}, {"start": "00:13:03", "end": "00:13:08", "text": "stables. Why they get into stables? Because they're going to get back into crypto at some point. They're not going"}, {"start": "00:13:08", "end": "00:13:13", "text": "to get out. They're just going to sell, hold their stable coins, and then buy"}, {"start": "00:13:13", "end": "00:13:19", "text": "back in when all of us capitulate, which may have happened, and you may have"}, {"start": "00:13:19", "end": "00:13:25", "text": "sold. And there nothing wrong with that. Good for you. So, you can see that smart money quote unquote is doing pretty"}, {"start": "00:13:25", "end": "00:13:31", "text": "well. Uh, also pe speaking of people who dumped on us, uh, Rich Dad Poor Dad"}, {"start": "00:13:31", "end": "00:13:37", "text": "today dumped on you guys. Excuse me, dumped on us because I bought some some Bitcoin, too. Robert Kiyosaki comes out"}, {"start": "00:13:37", "end": "00:13:44", "text": "and says, \"Hey, I just sold 2.25 million Bitcoin for approximately 90,000.\" So, good for him. I guess that was a couple"}, {"start": "00:13:44", "end": "00:13:49", "text": "days ago. I purchased the Bitcoin. He purchased the Bitcoin for 6,000 a coin"}, {"start": "00:13:49", "end": "00:13:54", "text": "years ago. He's talking about maybe 2018,"}, {"start": "00:13:54", "end": "00:14:01", "text": "maybe 2020. Yeah, maybe. With the cash from Bitcoin, I am purchasing two surgery centers and investing in a"}, {"start": "00:14:01", "end": "00:14:06", "text": "billboard business. Interesting. I estimate my two and a quarter million Bitcoin investment in the surgery"}, {"start": "00:14:06", "end": "00:14:12", "text": "centers and billboard businesses will be positive cash flowing approximately"}, {"start": "00:14:12", "end": "00:14:18", "text": "$27,500 a month income by next February"}, {"start": "00:14:18", "end": "00:14:24", "text": "tax-free. I don't know how he's doing that but okay. So I want everybody to to remember this. I want this to burn into"}, {"start": "00:14:24", "end": "00:14:31", "text": "your memory. I have no problems with Robert. I like his books, but he did"}, {"start": "00:14:31", "end": "00:14:37", "text": "what I've been saying to do. And there's these rules underneath me. Don't invest more than you can afford to lose."}, {"start": "00:14:37", "end": "00:14:42", "text": "Everything's a scam. Tell prove otherwise. Don't leave things on exchanges. Don't use leverage. And take"}, {"start": "00:14:42", "end": "00:14:48", "text": "profits. Robert did exactly that. Congratulations, Robert. And I want that for everybody. And I know I want you to"}, {"start": "00:14:48", "end": "00:14:53", "text": "see this right here. 27,500 a month income. How would that sound right now"}, {"start": "00:14:53", "end": "00:15:00", "text": "to you? Some for some of you, this is what makes this this area so great. For some of you, you're like, you know what?"}, {"start": "00:15:00", "end": "00:15:06", "text": "This is uh not what I want. I want to live on Bitcoin. I want to hold Bitcoin. I want to never give up Bitcoin. And"}, {"start": "00:15:06", "end": "00:15:11", "text": "that's great. And some people are like, I wish I would have done that on October 6. I wish I would have sold and gone"}, {"start": "00:15:11", "end": "00:15:17", "text": "that way. If that is something that sounds like you, just remember that"}, {"start": "00:15:17", "end": "00:15:24", "text": "the crypto market is essentially like a party bus. If you don't like a particular party bus at one point, just"}, {"start": "00:15:24", "end": "00:15:30", "text": "wait. there's going to be another party bus coming around another 10 or 15 minutes. Could be a year or so, but who knows? So, I just want you everybody to"}, {"start": "00:15:30", "end": "00:15:37", "text": "remember that uh when you're hearing this diamond hands narrative nonsense, which I never was a big fan of. And also"}, {"start": "00:15:37", "end": "00:15:43", "text": "when people ridicule others for taking profits, no one knows what you're going through and I want you to be successful."}, {"start": "00:15:43", "end": "00:15:49", "text": "And that's pretty much it. So, before we go on, Bobby, just real quick, how would"}, {"start": "00:15:49", "end": "00:15:58", "text": "you handle it right now? Would you ever sell like what Robert Kiyosaki did or would you roll that into another play?"}, {"start": "00:16:01", "end": "00:16:06", "text": "Oh, absolutely. I'd have a blast with it. I mean, if I'm in full degenerate mode, I might do a little bit of both."}, {"start": "00:16:06", "end": "00:16:13", "text": "I'd say if I was taking on some big gains, I'd definitely consider taking some profits just like Kiaki did. But instead of rolling into surgery centers"}, {"start": "00:16:13", "end": "00:16:18", "text": "or billboards, I'd probably throw right back into some high-risisk, high reward plays. Maybe I'll take those profits and"}, {"start": "00:16:18", "end": "00:16:24", "text": "jump into another altcoin that's about to take off or just leverage up on Bitcoin again if I think there's another swing coming. So, yeah, I'll definitely"}, {"start": "00:16:24", "end": "00:16:29", "text": "sell some, but then I'll jump right back into the casino and keep the quality going. Sounds like an awful plan. All right,"}, {"start": "00:16:29", "end": "00:16:35", "text": "thanks Bobby. Sit tight. We'll we'll get you again in a bit. Uh lastly, before we get into a little Q&A, uh just real"}, {"start": "00:16:35", "end": "00:16:44", "text": "quick, I want to remind everybody that no one knows where things are going. We're all making educated guesses out here. This is from uh Zerox and B5"}, {"start": "00:16:44", "end": "00:16:50", "text": "researcher and he says uh this was at a a little snippet. OG Insider with 100%"}, {"start": "00:16:50", "end": "00:16:56", "text": "win rate. Now I don't know if his win rate was like he just got lucky one time or 10 times or 20 times but apparently"}, {"start": "00:16:56", "end": "00:17:02", "text": "OG Insider with 100% win rate just got fully liquidated for $220 million. He"}, {"start": "00:17:02", "end": "00:17:10", "text": "was up 100 million just a few days ago but never took profit and lost everything in 10 minutes. Crypto is"}, {"start": "00:17:10", "end": "00:17:16", "text": "brutal. Never never forget that as well. And then uh lastly, I I don't really"}, {"start": "00:17:16", "end": "00:17:23", "text": "want to go over this too much in depth because it is crazy. I want everybody to do a search over on X. Just type in"}, {"start": "00:17:23", "end": "00:17:31", "text": "Micro Strategy MSCI review and there are two different things going on. A lot of"}, {"start": "00:17:31", "end": "00:17:36", "text": "people have covered this already, but it looks like on December 10th, the MSCI,"}, {"start": "00:17:36", "end": "00:17:43", "text": "which essentially can invest or it's a essentially indices to invest into"}, {"start": "00:17:43", "end": "00:17:49", "text": "different companies and of course they have, you know, wealth funds, they have hedge funds, they have all these the"}, {"start": "00:17:49", "end": "00:17:56", "text": "retirement accounts and they passively rotate them into all these companies that are part of the MCI. And what"}, {"start": "00:17:56", "end": "00:18:02", "text": "they're saying is that they don't believe that digital asset treasuries should be a part of that and they want to kick them all out and that would one"}, {"start": "00:18:02", "end": "00:18:09", "text": "of those would be Micro Strategy. And Michael Sailor is saying like look we're not essentially that strategy is not a"}, {"start": "00:18:09", "end": "00:18:15", "text": "fund not a trust or not a holding company. We're a publicly traded operating company with 500 million but"}, {"start": "00:18:15", "end": "00:18:20", "text": "it goes deeper than that about what's happening. Now I hope it works out for Michael Sailor Micro Strategy everybody"}, {"start": "00:18:20", "end": "00:18:26", "text": "holding that stock. I hope it really works out so he doesn't have to sell any Bitcoin because if you take a look at"}, {"start": "00:18:26", "end": "00:18:32", "text": "it, some people say he's gonna have to sell a bunch of Bitcoin and other people saying no, he he doesn't have to sell anything. He'll be just fine and the"}, {"start": "00:18:32", "end": "00:18:39", "text": "dividends won't will still roll out. I don't know how that's going to happen, but I said this from the very beginning. These digital asset treasury companies,"}, {"start": "00:18:39", "end": "00:18:46", "text": "I think some have conviction and they'll they'll go they'll go as far as they can like Micro Strategy and Bitmine, but a"}, {"start": "00:18:46", "end": "00:18:53", "text": "lot of them they're just companies that are floundering and can't really do too much. And at the first or second sign of"}, {"start": "00:18:53", "end": "00:18:59", "text": "problems, they're going to sell like crazy. And I think that's the crash that we should be focusing on. That's it for"}, {"start": "00:18:59", "end": "00:19:05", "text": "today. So look, if you like today's video, give it a thumbs up. Consider subscribing. We talk about is timesensitive. That's it for the news"}, {"start": "00:19:05", "end": "00:19:13", "text": "and what's going on. Now, let's get into the little Q&A and I'll answer all your questions and uh we'll go from there. Thanks so much. All right."}, {"start": "00:19:13", "end": "00:19:18", "text": "Yeah, Seth says, \"Zombies are walking next week, too. Everyone sell and run.\""}, {"start": "00:19:18", "end": "00:19:24", "text": "It's a funny thing. It's uh because everybody assumes the the most negative"}, {"start": "00:19:24", "end": "00:19:31", "text": "is going to happen and you know Murphy's law if it's going bad to happen it's going to happen. However,"}, {"start": "00:19:31", "end": "00:19:37", "text": "I've been around so long I know that it's not it's not usually as"}, {"start": "00:19:37", "end": "00:19:44", "text": "bad as you think it's going to be and then it usually turns around. There are"}, {"start": "00:19:44", "end": "00:19:52", "text": "times when it doesn't. And unfortunately, that was the Voyager Celsius FTX time. Do I think we're as"}, {"start": "00:19:52", "end": "00:19:57", "text": "bad as that right now? No, I don't think it is. And I don't think it's because"}, {"start": "00:19:57", "end": "00:20:03", "text": "of, you know, even Micro Strategy and Michael Sailor who I don't even know how much."}, {"start": "00:20:03", "end": "00:20:09", "text": "Hey, Bobby, do you know how much uh Bitcoin Michael Sailor and Micro"}, {"start": "00:20:09", "end": "00:20:13", "text": "Strategy hold?"}, {"start": "00:20:16", "end": "00:20:22", "text": "Oh, absolutely. Yeah. And they hold a pretty hefty amount. I mean, as of the last numbers, Micro Strategy has"}, {"start": "00:20:22", "end": "00:20:27", "text": "something like 150,000 plus Bitcoin on their balance sheet. It's a huge stash and it's worth billions of dollars. So,"}, {"start": "00:20:27", "end": "00:20:34", "text": "yeah, they're one of the biggest corporate holders out there, and they've really gone all in on Bitcoin. Okay. Well, Bobby was that was close,"}, {"start": "00:20:34", "end": "00:20:41", "text": "Bobby. Uh, but you are incorrect. It is actually, it looks like uh 649,000"}, {"start": "00:20:41", "end": "00:20:50", "text": "that micro strategy holds. So, one of those things. All right. So, always double check your"}, {"start": "00:20:50", "end": "00:20:55", "text": "degenerate gambler friends because sometimes they can be wrong just like all the generate gamblers."}, {"start": "00:20:55", "end": "00:21:00", "text": "All right. What else we got?"}, {"start": "00:21:01", "end": "00:21:07", "text": "Bob, see Bobby needs to expand and open a GC business in Puerto Rico. The winnings."}, {"start": "00:21:07", "end": "00:21:14", "text": "What could go wrong? Bobby, what do you think about that? opening up a GC business yourself."}, {"start": "00:21:17", "end": "00:21:23", "text": "Oh, you know, it sounds like a classic degenerate move. I mean, take all those winnings, open up a business in Puerto"}, {"start": "00:21:23", "end": "00:21:30", "text": "Rico, and just see what happens, right? What could go wrong? So, yeah, I'd probably roll the D on that, too, if I was sitting on a big stack of winnings."}, {"start": "00:21:30", "end": "00:21:36", "text": "Sounds like a fun plan. Thanks, Bobby. Hang tight. So, many positive news, Rob. When is the bad"}, {"start": "00:21:36", "end": "00:21:42", "text": "news? Exactly. When is the bad news? when here's another good question. When will the bare market bottom be? It just"}, {"start": "00:21:42", "end": "00:21:48", "text": "depends. And um you know,"}, {"start": "00:21:48", "end": "00:21:53", "text": "right now the cynicism is high in the uh crypto market, but I would like to play"}, {"start": "00:21:53", "end": "00:22:00", "text": "this this this piece for you. And I have no problems with saying that"}, {"start": "00:22:00", "end": "00:22:06", "text": "I'm wrong. Hopefully I'm wrong. Hopefully, you know, I didn't get it 100% correct."}, {"start": "00:22:06", "end": "00:22:12", "text": "But I have not been a big fan of Raul Pal. I just haven't. And uh you know he"}, {"start": "00:22:12", "end": "00:22:17", "text": "talks a good game, but man, he has been wrong about a lot of things and that"}, {"start": "00:22:17", "end": "00:22:24", "text": "just happens. But to give credit where credit is due, I want you to listen to this and tell me how far off he is. And"}, {"start": "00:22:24", "end": "00:22:30", "text": "this one actually makes a lot of sense. This was at gosh, what was this uh"}, {"start": "00:22:30", "end": "00:22:37", "text": "Bitcoin? I think it was the Bitcoin conference, but just take a listen. This is probably about 6 months ago or so"}, {"start": "00:22:37", "end": "00:22:43", "text": "is a repeat of the debt cycle. They are rolling the debts. They are doing the same thing. Each cycle is not to do with"}, {"start": "00:22:43", "end": "00:22:49", "text": "the h havinging cycle. Nothing to do with any of that. It's all driven by liquidity cycle and and funding of"}, {"start": "00:22:49", "end": "00:22:54", "text": "debts. Each phase we get phase one of the banana zone. Banana."}, {"start": "00:22:54", "end": "00:23:00", "text": "Banana number one. The corrective zone. Banana number two comes another"}, {"start": "00:23:00", "end": "00:23:07", "text": "correction banana number three. So this is the banana zone. So that's what happened in 2020"}, {"start": "00:23:07", "end": "00:23:14", "text": "uh 2021. Off we go. Sorry, that was 2017, which again looks very similar to this one."}, {"start": "00:23:14", "end": "00:23:20", "text": "That was the last one. Here we are now. It can't be clearer to me. I've shown you the the macro evidence, the"}, {"start": "00:23:20", "end": "00:23:29", "text": "technical evidence, the sentiment evidence. Everything here suggests to me that hold on to your hats. Don't"}, {"start": "00:23:29", "end": "00:23:36", "text": "this up. Don't lose control of your tokens. Don't use leverage. Don't get your wallet hacked. Just sit with it. Be"}, {"start": "00:23:36", "end": "00:23:43", "text": "careful. Don't get FOMO. Do all of the right things. And we'll"}, {"start": "00:23:46", "end": "00:23:52", "text": "Yeah, that's a pretty reasonable take actually. And I think And you'll even"}, {"start": "00:23:52", "end": "00:23:57", "text": "Yeah. Oops. Sorry. So, I don't know if you heard that, but the real pal did say he's like, \"Well, you know, for this"}, {"start": "00:23:57", "end": "00:24:03", "text": "this correction phase two, it'll be 35%.\" And I was like, \"That"}, {"start": "00:24:03", "end": "00:24:09", "text": "does.\" Well, that's not the right one. Where did I put it?"}, {"start": "00:24:09", "end": "00:24:16", "text": "Ah, this one. So, as far as 35% pullback, I mean, he did that is what it"}, {"start": "00:24:16", "end": "00:24:22", "text": "is. It was 36%. I want to say 31, but okay. 36%. Charlie Bolo. Not that I'm"}, {"start": "00:24:22", "end": "00:24:28", "text": "saying I'm gonna, you know, inject everybody with hopeium and say, \"Well, now Ra Pal is right and let's just keep moving those goalposts and just keep"}, {"start": "00:24:28", "end": "00:24:36", "text": "moving them and just keep moving them.\" If he gets it right next in 2026 and there's an all-time"}, {"start": "00:24:36", "end": "00:24:42", "text": "high in quarter 1, quarter two, he would be the only I think one of the few people that actually called it. Let's"}, {"start": "00:24:42", "end": "00:24:48", "text": "see what happens. Wouldn't that be something where Pal comes out and and calls it 100% correct that it's uh Q2"}, {"start": "00:24:48", "end": "00:24:55", "text": "2026 when we hit all-time highs. However, remember 2026 is midterm years"}, {"start": "00:24:55", "end": "00:25:02", "text": "and uh I think it becomes infinitely more dangerous as we get to midterm"}, {"start": "00:25:02", "end": "00:25:08", "text": "elections which are in November of 2026. And we talked about this ad nauseium. I'm not going to keep saying it, but 20"}, {"start": "00:25:08", "end": "00:25:15", "text": "every midterm year is a disaster essentially for the digital asset crypto and traditional markets. So, we'll see"}, {"start": "00:25:15", "end": "00:25:20", "text": "how it goes. Uh a lot of good uh comments here. Ral pal dumping his sweet"}, {"start": "00:25:20", "end": "00:25:27", "text": "bags on Marty party. It's funny. No, no, no. That wasn't it. That wasn't it. Uh"}, {"start": "00:25:27", "end": "00:25:32", "text": "DCCS 1980 says, \"I'm a bit late here. Have you talked about the liquidations level above the price?\" No, I have not."}, {"start": "00:25:32", "end": "00:25:38", "text": "Let's take a look at liquidations today. Hey Bobby, did you get liquidated lately"}, {"start": "00:25:38", "end": "00:25:42", "text": "or are you doing pretty good with your positions?"}, {"start": "00:25:45", "end": "00:25:51", "text": "Oh, you know me. As a degenerate gambler, I've had my fair share of liquidations in the past. Kind of comes"}, {"start": "00:25:51", "end": "00:25:58", "text": "with the territory. But right now, I'm hanging in there, managing to keep my positions afloat. So, you know, just riding the waves and hoping for the"}, {"start": "00:25:58", "end": "00:26:04", "text": "best. Hey, what's the most you've ever been liquidated in like, say, 24 hours?"}, {"start": "00:26:07", "end": "00:26:13", "text": "Oh, you won the roll degenerate answer. Well, let's just say in one of those wild 24-hour swings, I've definitely had"}, {"start": "00:26:13", "end": "00:26:19", "text": "moments where I got completely wiped out on a big leverage play. We're talking maybe 50% or more of the stat gone in a"}, {"start": "00:26:19", "end": "00:26:25", "text": "flash if the market moved the wrong way. So, yeah, I've had some pretty crazy liquidation stories. Comes with the territory of playing that high stakes"}, {"start": "00:26:25", "end": "00:26:32", "text": "game. Did you tell your wife or did you just hide it from her?"}, {"start": "00:26:34", "end": "00:26:40", "text": "Oh, you know how it is. Sometimes it's better to just keep those little details to yourself at least until you figure"}, {"start": "00:26:40", "end": "00:26:47", "text": "out how to make it back. So yeah, I might have kept a few of those big liquidation stories under wraps. Sometimes it's just easier that way."}, {"start": "00:26:47", "end": "00:26:54", "text": "Yeah. Uh good job, Bobby. Uh I'll call you when I need you. But again, remember this is not relationship advice, but uh"}, {"start": "00:26:54", "end": "00:27:00", "text": "I kind of agree with him on that one. So anyhow, uh looks like we Damn, this is a"}, {"start": "00:27:00", "end": "00:27:07", "text": "lot. $1.5 billion dollars just got liquidated. Uh mostly"}, {"start": "00:27:07", "end": "00:27:12", "text": "ah god it's a lot. So we're taking a look at the longs obviously 1.5 billion"}, {"start": "00:27:12", "end": "00:27:18", "text": "and you know like a day like today would be something amazing. I mean for I mean a lot of liquidations but it pales a"}, {"start": "00:27:18", "end": "00:27:25", "text": "comparison to this guy the 9th and 10th of October when everything got liquidated. This is just"}, {"start": "00:27:25", "end": "00:27:31", "text": "and Tom actually Tom Lee was on I want to say it was MSNBC and he pretty much just said that uh because there was some"}, {"start": "00:27:31", "end": "00:27:37", "text": "kind of there was a glitch he calls it a glitch. I call it manipulation whatever"}, {"start": "00:27:37", "end": "00:27:43", "text": "that uh this is what happened on the 9th and 10th of October is everybody got liquidated and he didn't want to name"}, {"start": "00:27:43", "end": "00:27:51", "text": "names and these things happen and uh because of that a lot of the market makers have"}, {"start": "00:27:51", "end": "00:27:56", "text": "reduced liquidity as they've had to sell off to get back to essentially zero. So,"}, {"start": "00:27:56", "end": "00:28:02", "text": "if that was the case, that would mean that is the second cycle where exchanges"}, {"start": "00:28:02", "end": "00:28:07", "text": "screwed everything up for us. Congratulations, you greedy bums. You uh"}, {"start": "00:28:07", "end": "00:28:12", "text": "did it again. So, yeah, you can see here that this was 16.7 billion. Some people"}, {"start": "00:28:12", "end": "00:28:19", "text": "say it's actually as high as hundred billion dollars because it's not everything is recorded. So, yeah, DC,"}, {"start": "00:28:19", "end": "00:28:24", "text": "it's uh quite a bit. Australian crypto koala says, \"I'm coming to Puerto Rico"}, {"start": "00:28:24", "end": "00:28:31", "text": "for Miss Universe next year to spend some of my Bitcoin.\" Great. I'll be there. Uh,"}, {"start": "00:28:31", "end": "00:28:37", "text": "Math Mickman says, \"Is Bobby an AI?\" Yes, Bobby's an AI. This is green screen."}, {"start": "00:28:37", "end": "00:28:42", "text": "It's all fake. Um, what about the MSIC news? Actually, we talked about that."}, {"start": "00:28:42", "end": "00:28:51", "text": "We're talking about for the MSIC Dell listing micro strategy. Looks like that could be a big thing. It'll there will be a decision on December 10th. So, or"}, {"start": "00:28:51", "end": "00:28:56", "text": "is it is it December 10th or January 10th? Let me take a look."}, {"start": "00:28:59", "end": "00:29:07", "text": "Actually, correct me in the comment. I thought it was maybe January 10th."}, {"start": "00:29:08", "end": "00:29:14", "text": "Uh oh, I was wrong. January 15th, excuse me. Decision date for the MCI"}, {"start": "00:29:14", "end": "00:29:22", "text": "rebalancing affects micro strategies of January 15, 2026. So, we'll see how that works out. If that's the case,"}, {"start": "00:29:22", "end": "00:29:27", "text": "that's going to be tough for December to be positive because everybody's going to know about it. We're going to keep"}, {"start": "00:29:27", "end": "00:29:34", "text": "talking about it and the negativity will come over it. It's very tough to climb that wall of worry when it's just"}, {"start": "00:29:34", "end": "00:29:39", "text": "pending right around the corner. So, great December shot. I think that's a"}, {"start": "00:29:39", "end": "00:29:45", "text": "bummer, but you know, maybe it's good time to to make some plays. Bobby, how"}, {"start": "00:29:45", "end": "00:29:48", "text": "would you handle this?"}, {"start": "00:29:52", "end": "00:29:57", "text": "Oh, absolutely. Well, if we're going full degenerate mode, I'd probably see that as just another opportunity to jump"}, {"start": "00:29:57", "end": "00:30:03", "text": "into the volatility. I mean, if everyone's worried about January and the market's getting jittery, that just means more wild swings to play with. So,"}, {"start": "00:30:03", "end": "00:30:09", "text": "I might be looking to do some short-term trades and just ride the wave. If things get negative, well, that's just another chance to bet on the downside and have"}, {"start": "00:30:09", "end": "00:30:16", "text": "some fun with it. So, that's the degenerate approach. Just embrace the chaos and see what happens. Let me ask you this real quick. How many"}, {"start": "00:30:16", "end": "00:30:22", "text": "of the YouTube influencers and Bobby just take a seat for a second. How many of the YouTube influencers sound like"}, {"start": "00:30:22", "end": "00:30:30", "text": "Bobby? I'm just I'm just curious. And whoever sounds like Bobby the most, could you put that in the comments section? Uh I know they're out there."}, {"start": "00:30:30", "end": "00:30:36", "text": "That's pretty good. Anyhow, Bobby, just just sit back. We'll call you when we need you. Let's see. Yeah, Micro"}, {"start": "00:30:36", "end": "00:30:42", "text": "Strategy selling is sort of this FTX moment right now. That's a good point. I'm sorry, but you've hit the time limit"}, {"start": "00:30:42", "end": "00:30:48", "text": "for this conversation. Please start a new chat to keep the conversation going."}, {"start": "00:30:48", "end": "00:30:56", "text": "Bobby, I like the way you you said that. So, let's see here. Cycle deniers keep moving the goalpost. That's true, but"}, {"start": "00:30:56", "end": "00:31:03", "text": "we'll see if it actually already plays out or not. Let's see. Jack says, \"Rob, you've been around"}, {"start": "00:31:03", "end": "00:31:08", "text": "sometimes. Do you remember when the futures were launched on December 17th?\" Oh, yeah. Bitcoin went down for almost a"}, {"start": "00:31:08", "end": "00:31:14", "text": "year with no letup. Future equals manipulation. You know, it was it was that and it was a funny thing. I"}, {"start": "00:31:14", "end": "00:31:22", "text": "remember this I got into Bitcoin in November, like November 10th, somewhere around there, 2017. And then once I got"}, {"start": "00:31:22", "end": "00:31:27", "text": "in, I started to watch MSNBC, CNBC, all the different news outlets, because I"}, {"start": "00:31:27", "end": "00:31:34", "text": "wanted to learn about it. And of course, what better way to find out the information than legacy media. Anyhow,"}, {"start": "00:31:34", "end": "00:31:39", "text": "uh they talked about how it was going to blow up because the futures market was going to come in and we were going to be"}, {"start": "00:31:39", "end": "00:31:47", "text": "accepted by institutions and volatility was going to go down because of the futures market. I will never forget"}, {"start": "00:31:47", "end": "00:31:53", "text": "that. And I thought, ah, thank God I'm a genius. I I did it the right way. Time"}, {"start": "00:31:53", "end": "00:32:00", "text": "to go in heavy. 8,000 10,000 12,000 18,500"}, {"start": "00:32:00", "end": "00:32:06", "text": "and then it collapsed. And there is a point to be made there"}, {"start": "00:32:06", "end": "00:32:11", "text": "and I want to show you one more thing about that"}, {"start": "00:32:11", "end": "00:32:18", "text": "because during that time it wasn't too long ago actually eight"}, {"start": "00:32:18", "end": "00:32:23", "text": "years ago kind of kind of long was"}, {"start": "00:32:23", "end": "00:32:30", "text": "it wasn't just that because we always had to look at macro and back then I didn't even I wasn't a macro person I"}, {"start": "00:32:30", "end": "00:32:38", "text": "mean medical was my background and for this I didn't know anything about"}, {"start": "00:32:38", "end": "00:32:44", "text": "the Fed reserve. I didn't know about I didn't know where inflation came from"}, {"start": "00:32:44", "end": "00:32:50", "text": "the government. I didn't really understand the whole dynamics of Bitcoin. I just was a number go up guy."}, {"start": "00:32:50", "end": "00:32:56", "text": "That's really all that mattered. But uh in 2017, this is when they had"}, {"start": "00:32:56", "end": "00:33:02", "text": "their first rate increase. So that we had no we had cut rates"}, {"start": "00:33:02", "end": "00:33:08", "text": "because of the great financial reset or the the great recession"}, {"start": "00:33:08", "end": "00:33:14", "text": "and that was from you know mid 2007 8 n and then we went flat for all those"}, {"start": "00:33:14", "end": "00:33:22", "text": "years and that's when economy started to boom. Then of course around 2016 we"}, {"start": "00:33:22", "end": "00:33:28", "text": "increased the rates a little bit. Then 2017 we started to slowly increase and then we started to go up and up and up"}, {"start": "00:33:28", "end": "00:33:34", "text": "and right around this was December right here. So you see we got these three rate"}, {"start": "00:33:34", "end": "00:33:39", "text": "increases. Things started to go down after that and of course the futures"}, {"start": "00:33:39", "end": "00:33:46", "text": "went down. Not a great thing. And then from there what else do we have?"}, {"start": "00:33:46", "end": "00:33:53", "text": "Well, actually total assets were just fine and the M2 money supply was pretty good. The only issue was this. So, talk"}, {"start": "00:33:53", "end": "00:34:00", "text": "about manipulation. I mean, heck, look at here in 2017 to 2018. There was no"}, {"start": "00:34:00", "end": "00:34:05", "text": "issues whatsoever as far as with uh the Federal Reserve's total assets. They"}, {"start": "00:34:05", "end": "00:34:11", "text": "just kept it all on. They they weren't increasing their assets. They weren't offloading. And the M2 money supply was"}, {"start": "00:34:11", "end": "00:34:17", "text": "going up, but it's been going up forever. So, what's the what's the difference? 2017 was a fun time, but it"}, {"start": "00:34:17", "end": "00:34:23", "text": "was just too early and people didn't people didn't believe in Bitcoin like they do now. And I still say that those"}, {"start": "00:34:23", "end": "00:34:30", "text": "digital asset treasury companies, they don't believe in Bitcoin. They're just number go up and they'll they'll unload"}, {"start": "00:34:30", "end": "00:34:35", "text": "it. That's just how it is. What else we got here?"}, {"start": "00:34:35", "end": "00:34:42", "text": "Yeah. Meme says, \"They never should have allowed futures in crypto exist in the same universe.\" Well, gamble gamblers"}, {"start": "00:34:42", "end": "00:34:48", "text": "going to gamble. That's how it is. Let's see. No banana zone."}, {"start": "00:34:49", "end": "00:34:56", "text": "Andrew, are you in the camp that we see relief up to the 200 day? Are we talking about the 200 day moving average?"}, {"start": "00:34:56", "end": "00:35:04", "text": "Alls I can say is that we should have some kind of deadcat bounce, but going into it, I'm not a TA guy, and I know"}, {"start": "00:35:04", "end": "00:35:10", "text": "some some people will say, well, because this broke down and it makes sense, 200E moving average. What they're talking"}, {"start": "00:35:10", "end": "00:35:13", "text": "about is"}, {"start": "00:35:21", "end": "00:35:26", "text": "or the 20 week I should say."}, {"start": "00:35:34", "end": "00:35:37", "text": "So the support band"}, {"start": "00:35:39", "end": "00:35:45", "text": "Whoops. Yeah, man. It is really bad. So, we're taking"}, {"start": "00:35:45", "end": "00:35:52", "text": "a look at moving averages, the 50we, 30-we, and the 90W week. You can just"}, {"start": "00:35:52", "end": "00:35:58", "text": "see that even the 90we support band. If we go to 200, I mean, maybe we could see some support"}, {"start": "00:35:58", "end": "00:36:05", "text": "there as people will point out to me. But I just I think that the macro moves"}, {"start": "00:36:05", "end": "00:36:11", "text": "the market and if we get if we get a rate cut that's one thing but if we don't we'll fall even farther and it'll"}, {"start": "00:36:11", "end": "00:36:18", "text": "break the support level like people always talk about and then we'll tumble down and then of course everybody from"}, {"start": "00:36:18", "end": "00:36:26", "text": "here on out mark my words from here until January is going to be talking about micro strategy and the MSCI and"}, {"start": "00:36:26", "end": "00:36:35", "text": "that'll be over our heads forever. I was I thought it was December 10th, but I was wrong. So, yeah."}, {"start": "00:36:36", "end": "00:36:42", "text": "No, Sailor already said he would sell strategy and strategy would be the loser over selling Bitcoin as the Bitcoin is"}, {"start": "00:36:42", "end": "00:36:48", "text": "more productive capital. They won't sell Bitcoin and buy more equity trust. Well, that's good. I guess that's one good"}, {"start": "00:36:48", "end": "00:36:53", "text": "thing. I'll have to remember that. Too busy says everyone I know is is"}, {"start": "00:36:53", "end": "00:36:59", "text": "already sold. Yeah, I everybody I know pretty much is sold, too."}, {"start": "00:36:59", "end": "00:37:05", "text": "Is this guy AI? Yes, he sounds it. He is"}, {"start": "00:37:05", "end": "00:37:13", "text": "on fire by Bill. Uh, oh no. Miners from Celsius."}, {"start": "00:37:13", "end": "00:37:18", "text": "Ah, busy winning says Bitcoin is worthless. Finally, somebody in here who"}, {"start": "00:37:18", "end": "00:37:24", "text": "wants to go against the grain. Peter Schiff is laughing as he should."}, {"start": "00:37:24", "end": "00:37:29", "text": "Hey, tip of the cap to Peter Schiff. Uh, I think he was right this time, did he"}, {"start": "00:37:29", "end": "00:37:32", "text": "not?"}, {"start": "00:37:37", "end": "00:37:42", "text": "Ra Pal, Tom, Lee, Marty Party, and Arthur Hayes should be traveling around in a clown car, but I bet it'll be a"}, {"start": "00:37:42", "end": "00:37:49", "text": "very expensive crown car clown car because those guys are all loaded. I'm pretty sure Bobby sounds like Jarvis"}, {"start": "00:37:49", "end": "00:37:54", "text": "from Iron Man. Great. Uh, sounds good to me."}, {"start": "00:37:54", "end": "00:38:00", "text": "Bot is here. Yeah, of course you want to name names. Binance."}, {"start": "00:38:00", "end": "00:38:07", "text": "Yeah. All these exchanges. Bobby's fun. Bobb's a lot of information. And what's"}, {"start": "00:38:07", "end": "00:38:14", "text": "great about Bobby is that uh he can chime in and you know just correct me. I I think and you're I want to remind"}, {"start": "00:38:14", "end": "00:38:20", "text": "everybody that you saw this first. Bobby is AI and I figure out a way to loop him"}, {"start": "00:38:20", "end": "00:38:26", "text": "in and him being able to listen to me, the uh the way that his attitude is, the"}, {"start": "00:38:26", "end": "00:38:32", "text": "way that he talks about the general gambling, the way that he answers questions, the way that his personality"}, {"start": "00:38:32", "end": "00:38:38", "text": "is. I created that from scratch essentially just prompts and then was able to bring him in and just, you know,"}, {"start": "00:38:38", "end": "00:38:45", "text": "have some fun with it. But since it is AI, we can bring him in and he can answer a bunch of questions and correct"}, {"start": "00:38:45", "end": "00:38:51", "text": "us and anything else. So if you think there's something else that we should be using Bobby for, put it in the comments,"}, {"start": "00:38:51", "end": "00:38:57", "text": "not in the live stream right now, but in the comments below and tell me where you want to go with that because the sky's"}, {"start": "00:38:57", "end": "00:39:03", "text": "is the limit and we can bring somebody in. He can be like the co-host of AI. Now, he's not going to play take Jerry's"}, {"start": "00:39:03", "end": "00:39:11", "text": "spot, but every so often I think it'd be interesting. All right, have a wonderful weekend."}, {"start": "00:39:12", "end": "00:39:18", "text": "Yeah, and Pi says it right. Let's just leave it here. Bulls make money, bears make money, and pigs get slaughtered."}, {"start": "00:39:18", "end": "00:39:24", "text": "So, look, if you missed it and didn't sell some, it's okay. Got opportunities coming out, and hopefully it works out."}, {"start": "00:39:24", "end": "00:39:32", "text": "I just don't know when those opportunities are coming. Is it going to be another two weeks? Is it going to be 30 days, 60"}, {"start": "00:39:32", "end": "00:39:38", "text": "days, or 365 days? I don't know. But I do know this, markets always rebound and"}, {"start": "00:39:38", "end": "00:39:46", "text": "there always going to be new all-time highs. The only way that doesn't happen is if the government stops printing"}, {"start": "00:39:46", "end": "00:39:52", "text": "money and there is no more debasement of currency. If that happens, then yeah,"}, {"start": "00:39:52", "end": "00:39:57", "text": "probably the price won't go up. But since that's happened since pretty much the beginning of time,"}, {"start": "00:39:57", "end": "00:40:03", "text": "I'll stick with Bitcoin. That's it for today, everybody. Thanks so much. Have a great weekend and I'll see you guys on"}, {"start": "00:40:03", "end": "00:40:05", "text": "the next"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "But as a reminder, I'm not here to tell"}, {"start": "00:00:02", "end": "00:00:04", "text": "you the good stuff, which is, you know,"}, {"start": "00:00:04", "end": "00:00:08", "text": "there still is around 58,000"}, {"start": "00:00:08", "end": "00:00:10", "text": "Bitcoin accumulated, even though they're"}, {"start": "00:00:10", "end": "00:00:13", "text": "they're they're offloading."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "I think that"}, {"start": "00:00:03", "end": "00:00:08", "text": "the optics of the president's sons"}, {"start": "00:00:08", "end": "00:00:11", "text": "essentially getting into this market is"}, {"start": "00:00:11", "end": "00:00:15", "text": "was a disaster. Why couldn't they just"}, {"start": "00:00:15", "end": "00:00:19", "text": "been like, you know, Joe Biden's son and"}, {"start": "00:00:19", "end": "00:00:21", "text": "just, you know, under the table, just"}, {"start": "00:00:21", "end": "00:00:23", "text": "got a bunch of kickbacks and bribes."}, {"start": "00:00:23", "end": "00:00:26", "text": "That's that's what America's built on."}, {"start": "00:00:26", "end": "00:00:28", "text": "bribery"}, {"start": "00:00:28", "end": "00:00:31", "text": "and uh"}, {"start": "00:00:31", "end": "00:00:35", "text": "and the sleaziness of"}, {"start": "00:00:35", "end": "00:00:37", "text": "of politicians and their and their"}, {"start": "00:00:37", "end": "00:00:40", "text": "constituents and their kids and just"}, {"start": "00:00:40", "end": "00:00:41", "text": "allowing these things to happen and we"}, {"start": "00:00:41", "end": "00:00:43", "text": "don't see it. See, that's the beauty of"}, {"start": "00:00:43", "end": "00:00:45", "text": "it. You know, we didn't see it, so we"}, {"start": "00:00:45", "end": "00:00:46", "text": "didn't really care too much about it."}, {"start": "00:00:46", "end": "00:00:47", "text": "The problem with Trump and his kids is"}, {"start": "00:00:47", "end": "00:00:49", "text": "that they see it all the time and it's"}, {"start": "00:00:49", "end": "00:00:51", "text": "covered 24/7."}, {"start": "00:00:51", "end": "00:00:56", "text": "Uh and unfortunately, you know, that's"}, {"start": "00:00:56", "end": "00:00:59", "text": "that's bad for the image."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Hello everybody. Welcome to the Thursday live stream. So got a lot of things to go over. So let's just jump right in. So"}, {"start": "00:00:07", "end": "00:00:12", "text": "first of all, just like title and thumbnail suggest, there is a little"}, {"start": "00:00:12", "end": "00:00:18", "text": "light at the end of the tunnel. Now I can tell you yesterday uh probably was a tough day for a lot of people,"}, {"start": "00:00:18", "end": "00:00:23", "text": "especially if you watch yesterday's live stream, but it was just to help you. You know, I don't know where things are"}, {"start": "00:00:23", "end": "00:00:28", "text": "going. I have a hunch of where things are going, but it was all just about saying like, look, you have to make a"}, {"start": "00:00:28", "end": "00:00:35", "text": "decision and you can't just keep floundering. You have to make a decision, move forward, and just go from there. I think a lot of you did, and"}, {"start": "00:00:35", "end": "00:00:42", "text": "that's why I think we're going to have less people on these streams, and that's fine. That's okay. It's just I needed"}, {"start": "00:00:42", "end": "00:00:48", "text": "people to make decisions, and looks like they have. So, let's just jump right into this. First of all,"}, {"start": "00:00:48", "end": "00:00:53", "text": "the government is awful. I think we can all agree to that. Unfortunately, we're"}, {"start": "00:00:53", "end": "00:01:00", "text": "kind of dependent on them to uh pass some rules and regulations. And one of these was this thing called a Bitcoin"}, {"start": "00:01:00", "end": "00:01:08", "text": "strategic reserve, which is supposed to be the best thing of all time. And of course, it be became almost like a laughing stock and a joke. But because"}, {"start": "00:01:08", "end": "00:01:13", "text": "of that Bitcoin strategic reserve put out there, there is a little bit of light at the end of the tunnel about"}, {"start": "00:01:13", "end": "00:01:19", "text": "what we can do, how we can fund it, and how things can actually work. And I got to tell you what Representative Warren"}, {"start": "00:01:19", "end": "00:01:27", "text": "Davidson out of Ohio uh just submitted is sizable and I have to applaud him for"}, {"start": "00:01:27", "end": "00:01:33", "text": "what he is trying to do and especially for the capital gains part. So just take a listen. This is about a minute or so"}, {"start": "00:01:33", "end": "00:01:38", "text": "about him sitting down over at Fox News and just talking about what this bill"}, {"start": "00:01:38", "end": "00:01:44", "text": "means and how big it could be. We're going to talk about that and that's the only good thing for today. The rest of"}, {"start": "00:01:44", "end": "00:01:49", "text": "it's all awful. So, if you just want to leave after this this clip, I don't blame you. But, uh, take a listen to"}, {"start": "00:01:49", "end": "00:01:54", "text": "this and then we'll be right back."}, {"start": "00:01:55", "end": "00:02:00", "text": "Car, a series of questions here. Number one, what is a Bitcoin reserve? What"}, {"start": "00:02:00", "end": "00:02:05", "text": "does it do? And how do you build it? Well, uh, first of all, the president"}, {"start": "00:02:05", "end": "00:02:11", "text": "created a strategic reserve of Bitcoin in part because the United States government didn't have like a single"}, {"start": "00:02:11", "end": "00:02:18", "text": "custodian. you had every agency uh in the government that might have had an asset, seized an asset or anything else"}, {"start": "00:02:18", "end": "00:02:25", "text": "uh any kind of digital asset, they they didn't have custody of it. So they were losing track of the private keys. So"}, {"start": "00:02:25", "end": "00:02:31", "text": "essentially when you lose your keys, you lose it's like losing a pile of cash. Yeah. So they created an organized way"}, {"start": "00:02:31", "end": "00:02:37", "text": "and put it under treasury to say, \"Hey, we're going to have a single custodian for all of the Bitcoin counting Fort"}, {"start": "00:02:37", "end": "00:02:43", "text": "Knox for a crypto.\" Right. And then they said, \"Well, not all cryptos created equally. Bitcoin we want to hold on to."}, {"start": "00:02:43", "end": "00:02:49", "text": "It's an appreciating asset over a long period of time. Some of these other things we should just sell them off and"}, {"start": "00:02:49", "end": "00:02:54", "text": "buy more Bitcoin.\" Uh, but they wanted to do it in a deficit neutral way. Um, and I think a lot of people have been"}, {"start": "00:02:54", "end": "00:03:01", "text": "like, well, well, how else do you put money in there? And so we're introducing uh legislation that not only codifies"}, {"start": "00:03:01", "end": "00:03:08", "text": "that executive order. So there's a common sense way to have custody for the Bitcoin and other digital assets, but uh"}, {"start": "00:03:08", "end": "00:03:14", "text": "you can contribute. So when you pay your taxes, you can pay your taxes in Bitcoin. So Bitcoin is currency in that"}, {"start": "00:03:14", "end": "00:03:21", "text": "sense, and there's no capital gains. So for people that have held Bitcoin for a long time, they've experienced"}, {"start": "00:03:21", "end": "00:03:29", "text": "significant capital gains. When I first took office in 2016, Bitcoin was $500 or $600. now, you know, over 90,000. It's"}, {"start": "00:03:29", "end": "00:03:36", "text": "reached higher. Yeah, reach higher. That's an understatement. I want to play this this part again because it's important. And I"}, {"start": "00:03:36", "end": "00:03:42", "text": "want you to take a look at the host's face when he talks about capital gains and paying taxes. Listen to this just"}, {"start": "00:03:42", "end": "00:03:48", "text": "one more time. Let make sure I got this the right piece. They've experienced significant capital"}, {"start": "00:03:48", "end": "00:03:56", "text": "gains. When I first took office in 2016, Bitcoin was $500 or $600. Now, you know,"}, {"start": "00:03:56", "end": "00:04:04", "text": "Oh, lost audio. But you get what I'm saying here. Essentially, what he is saying is the Bitcoin reserve, the BSR,"}, {"start": "00:04:04", "end": "00:04:12", "text": "it's great. It's fantastic. Unfortunately, because of what the government wants to do, they don't want to take money from essentially taxes"}, {"start": "00:04:12", "end": "00:04:19", "text": "that are being have already been paid. But here's the catch. If you want to moving forward pay any part of your"}, {"start": "00:04:19", "end": "00:04:25", "text": "government taxes in Bitcoin, you can do so. And if you pay your taxes to the"}, {"start": "00:04:25", "end": "00:04:31", "text": "federal government using Bitcoin, there are no capital"}, {"start": "00:04:31", "end": "00:04:36", "text": "gains. That means no long-term and no short-term capital gains."}, {"start": "00:04:36", "end": "00:04:41", "text": "Wouldn't that be fantastic? If you hold Bitcoin and you have a massive amount of"}, {"start": "00:04:41", "end": "00:04:48", "text": "it, you're like, you know what, I got a bunch of uh, you know, uh, back taxes that I have to pay. And you can use the"}, {"start": "00:04:48", "end": "00:04:56", "text": "Bitcoin instead of, you know, selling your Bitcoin, paying capital gains to get money to then pay the government for"}, {"start": "00:04:56", "end": "00:05:02", "text": "other taxes that you owe and then get double tax essentially. You can wipe that away and you can just pay for your"}, {"start": "00:05:02", "end": "00:05:08", "text": "capital or your uh federal taxes in that way. I think that's a pretty good thing moving forward. This sounds pretty"}, {"start": "00:05:08", "end": "00:05:14", "text": "great. And again, this is one of the sliver of of that are out there. So, let"}, {"start": "00:05:14", "end": "00:05:21", "text": "me know what you think about that in the comments section. Would you do that? Would you use your Bitcoin to pay taxes? I gotta tell you, sounds pretty uh"}, {"start": "00:05:21", "end": "00:05:27", "text": "reasonable moving forward. And that's uh pretty much it. Now,"}, {"start": "00:05:27", "end": "00:05:32", "text": "if you'd like to leave, you probably want to because uh it gets worse from"}, {"start": "00:05:32", "end": "00:05:40", "text": "here. So, let's talk about the bad news. Bad news is is that Owen Gundam, who we talked"}, {"start": "00:05:40", "end": "00:05:46", "text": "about on I think about two weeks ago or so, where he sold $1.3 billion worth of"}, {"start": "00:05:46", "end": "00:05:54", "text": "Bitcoin. Well, guess what? He just sold his remaining 230 million. So, he's out 100% gone. Now, this is from Arkham"}, {"start": "00:05:54", "end": "00:06:00", "text": "Intelligence, and it states Owen Gunnam has now sold all of his 1.3 billion. He actually no that's not correct because"}, {"start": "00:06:00", "end": "00:06:07", "text": "it's because he sold 11,000 Bitcoin worth 1.3 billion and then he just transferred 230 million of Bitcoin to"}, {"start": "00:06:07", "end": "00:06:13", "text": "Kraken marking his final sale. So I guess it's 1.53"}, {"start": "00:06:13", "end": "00:06:18", "text": "billion but he's out now. He could have other wallets. Nobody knows. And no one"}, {"start": "00:06:18", "end": "00:06:24", "text": "knows if he transferred that Bitcoin to Kraken to buy a bunch of, you know, Doge"}, {"start": "00:06:24", "end": "00:06:29", "text": "or something. No one knows. That would sounds ridiculous. I know it probably is, but I just had to keep put that"}, {"start": "00:06:29", "end": "00:06:35", "text": "caveat in there. But if this is true, which is what they're implying, that he's going to sell all his Bitcoin, that"}, {"start": "00:06:35", "end": "00:06:41", "text": "means one of the oldest OGs to buy Bitcoin or to hold Bitcoin from 2011 is"}, {"start": "00:06:41", "end": "00:06:46", "text": "100% out. So, let that be a factor as you start to think to yourself, should I"}, {"start": "00:06:46", "end": "00:06:52", "text": "ever take profits? But, uh, again, it's everybody's personal journey about what they want to do and what they should do."}, {"start": "00:06:52", "end": "00:06:58", "text": "So, I say to Owen, congratulations. you uh you held for as long as you possibly could and now you want to make a better"}, {"start": "00:06:58", "end": "00:07:05", "text": "life for yourself and your family. Fantastic. So that's uh not looking good if you are are sub subscribe to the"}, {"start": "00:07:05", "end": "00:07:12", "text": "theory of diamond handing. That doesn't happen. But here's where it also tumbles down. And I think most people have been"}, {"start": "00:07:12", "end": "00:07:18", "text": "talking about this because it's a interesting thing. I think we're around 85,000 per Bitcoin today. We've had"}, {"start": "00:07:18", "end": "00:07:23", "text": "quite a tumble. Also, the S&P 500 had a nice little uh pullback after Nvidia uh"}, {"start": "00:07:23", "end": "00:07:30", "text": "posted some pretty impressive uh earnings, but those earnings, who knows uh what's going on behind the scenes."}, {"start": "00:07:30", "end": "00:07:39", "text": "The only bad news that I could find is uh job reports. So, according to a"}, {"start": "00:07:39", "end": "00:07:45", "text": "Fox News national survey, a 76% of voters rate this economy negatively."}, {"start": "00:07:45", "end": "00:07:52", "text": "That's not looking good for El Presidente. But here's what we have also bad news for jobs reports. So first of"}, {"start": "00:07:52", "end": "00:07:59", "text": "all, there was no jobs reports for October because the government was shut down. However, they got revisions for"}, {"start": "00:07:59", "end": "00:08:05", "text": "July and uh they got revisions for August and they got current ones for September. I"}, {"start": "00:08:05", "end": "00:08:10", "text": "guess as much as they can be, but they don't have anything for October because the government was shut down."}, {"start": "00:08:10", "end": "00:08:18", "text": "So, good news. The September report compiled by the BLS, Bureau of Labor Statistics, found"}, {"start": "00:08:18", "end": "00:08:24", "text": "that employment in July and August was overstated by 33,000. Oh, I'm sorry."}, {"start": "00:08:24", "end": "00:08:30", "text": "That's the bad news. Job creation in July was revised down by 7,000,"}, {"start": "00:08:30", "end": "00:08:38", "text": "which is not too bad. So, there was a gain of 79,000. They took out 7,000 and the total was 72,000, which is, hey, you"}, {"start": "00:08:38", "end": "00:08:44", "text": "you grew some jobs. However, job gains in August were lowered by 26,000"}, {"start": "00:08:44", "end": "00:08:50", "text": "from a gain of 22,000 to a loss of 4,000. So, I don't know how you do that."}, {"start": "00:08:50", "end": "00:08:58", "text": "I don't know how you do a survey or data collection. You go, you know what? We uh we're up 26,000 or we're up 22,000. Oh,"}, {"start": "00:08:58", "end": "00:09:04", "text": "you know what? Whoopsie. We messed that up. It's actually negative 26,000."}, {"start": "00:09:04", "end": "00:09:09", "text": "I got to get that job. That job and a weatherman are the one job are jobs you"}, {"start": "00:09:09", "end": "00:09:18", "text": "can be totally incorrect and still have your job. That's amazing. I don't know where you got that job. I'm gonna get that. So, anyhow, uh originally slated"}, {"start": "00:09:18", "end": "00:09:24", "text": "for release on October 3rd, the September jobs report was postponed amid the nation's longest government shutdown. According to the report,"}, {"start": "00:09:24", "end": "00:09:31", "text": "federal employment has declined by 97,000 since it January peak. So,"}, {"start": "00:09:31", "end": "00:09:37", "text": "interesting. Federal employment is down by almost 100,000. But it gets worse"}, {"start": "00:09:37", "end": "00:09:44", "text": "because the Bureau of Labor Statistics classified that workers on paid leave or"}, {"start": "00:09:44", "end": "00:09:51", "text": "are receiving a severance package because they got fired remain classified as employed. So even though federal"}, {"start": "00:09:51", "end": "00:09:56", "text": "employment has declined by 97,000, they're still not counting the severances"}, {"start": "00:09:56", "end": "00:10:02", "text": "or people on paid leave. Now the people on paid leave they could they might be coming back but severance packages they"}, {"start": "00:10:02", "end": "00:10:08", "text": "ain't coming back. That means that there is a big shift of a reduction in jobs as"}, {"start": "00:10:08", "end": "00:10:14", "text": "far as the US government which I got to tell you uh"}, {"start": "00:10:14", "end": "00:10:20", "text": "there's two ways to look at it. One is those are American citizens. So if they don't have jobs they're going to they're going to be struggling. The other part"}, {"start": "00:10:20", "end": "00:10:25", "text": "way to look at it is like do we really need all these jobs in the government? It seems like we're so bloated as far as"}, {"start": "00:10:25", "end": "00:10:30", "text": "government goes. Do we need all these jobs? That was the whole point for Doge. But that's not for me to say. It's just"}, {"start": "00:10:30", "end": "00:10:37", "text": "it's for the uh macro to hash out. But tracking the job growth since 2021, we"}, {"start": "00:10:37", "end": "00:10:43", "text": "can see that in 2021 we had as far as non-farm payrolls, we were crushing it"}, {"start": "00:10:43", "end": "00:10:49", "text": "in 2021. Then of course March went a little bit little bit down."}, {"start": "00:10:49", "end": "00:10:58", "text": "These things happened. But then from it seems like there was a degradation from January 2021. It just kept kind of"}, {"start": "00:10:58", "end": "00:11:05", "text": "around 2022, the next year, it just started to go down and down and down"}, {"start": "00:11:05", "end": "00:11:12", "text": "2023. And then in 2024, it was a little bit of numbers and then it really didn't spike"}, {"start": "00:11:12", "end": "00:11:19", "text": "back up until around November 2024. Maybe that was because I don't know"}, {"start": "00:11:19", "end": "00:11:24", "text": "Trump got elected and people were super ecstatic and then the next month it was pretty good but then just went down"}, {"start": "00:11:24", "end": "00:11:34", "text": "again down down look at this June negative 13,000 July 72 -4 and here we"}, {"start": "00:11:34", "end": "00:11:41", "text": "are for September 119,000 but that will get revised as well and who knows if it'll be negative or just poultry or"}, {"start": "00:11:41", "end": "00:11:47", "text": "just barely recognizable. So, uh, because of that,"}, {"start": "00:11:47", "end": "00:11:54", "text": "rate cuts are a 60/40 split, meaning rates are not probably going to be cut"}, {"start": "00:11:54", "end": "00:12:00", "text": "by the Federal Reserve meeting on 10th of December. So, uh, I told you that if"}, {"start": "00:12:00", "end": "00:12:06", "text": "that happens, the market is going to shutter. So, maybe it's priced in now. I mean, I know people love to say that,"}, {"start": "00:12:06", "end": "00:12:12", "text": "but it there's always a dip to a dip. So"}, {"start": "00:12:12", "end": "00:12:19", "text": "when Jerome comes out and says, \"Hey, guess what? We're not going to we're going to just stay the course because the data didn't come in or the data was"}, {"start": "00:12:19", "end": "00:12:26", "text": "revised and it was not as awful as was or whatever his reason is, 60% of the time or 60% of people are saying they're"}, {"start": "00:12:26", "end": "00:12:34", "text": "not going to cut. They're just going to stay and do nothing.\" And if that happens when you get the news, the"}, {"start": "00:12:34", "end": "00:12:40", "text": "market will drop even more so. So there's that to watch out for. Good luck. Also"}, {"start": "00:12:40", "end": "00:12:45", "text": "bad news. Brian Armstrong, CEO of Coinbase, is uh touting ETHbacked loans"}, {"start": "00:12:45", "end": "00:12:51", "text": "are now on Coinbase. You can use your ETH as collateral to borrow USDC."}, {"start": "00:12:51", "end": "00:12:58", "text": "And this is from today. If you believe in something, this one's for you. Eback loans are here."}, {"start": "00:12:58", "end": "00:13:06", "text": "Side note, you don't want to do that. All these loans that that you see right here, uh these are the things that"}, {"start": "00:13:06", "end": "00:13:11", "text": "actually hurt us in the last bull market. And we're not in a bull. Me"}, {"start": "00:13:11", "end": "00:13:17", "text": "personally, we're in a bear. So, if you think that things are going to keep going up, I mean, have fun with the"}, {"start": "00:13:17", "end": "00:13:24", "text": "loans. But what'll happen usually is that you'll have to overcolateralize that loan. And as the numbers go down"}, {"start": "00:13:24", "end": "00:13:29", "text": "and the valuation of your Ethereum goes down, you're going to have to recolateralize or overcolateralize those"}, {"start": "00:13:29", "end": "00:13:34", "text": "loans. And if you don't have it, they're going to liquidate you. And when they liquidate you, that's a taxable event."}, {"start": "00:13:34", "end": "00:13:40", "text": "So, you think your life's bad now, just wait till you get liquidated for a loan that just kept going down. And oh yeah,"}, {"start": "00:13:40", "end": "00:13:46", "text": "you're going to owe cap gains whether that be 20 long-term or short term. 20 30 36%"}, {"start": "00:13:46", "end": "00:13:53", "text": "depending on what you want to do. So um Coinbase probably a horrible timing for"}, {"start": "00:13:53", "end": "00:13:58", "text": "you. Anyhow, uh lastly,"}, {"start": "00:13:58", "end": "00:14:04", "text": "hey, we're at 87,000. I thought we were at"}, {"start": "00:14:04", "end": "00:14:11", "text": "85,000. Well, now I feel better. But uh unfortunately, just so you guys know, I'm sure you do, our market cap was 4.2"}, {"start": "00:14:11", "end": "00:14:18", "text": "trillion in October 6th and now it's almost probably going to go below three trillion. We have lost 1.2 trillion in"}, {"start": "00:14:18", "end": "00:14:24", "text": "45 days. And uh I still think it's going to go lower, but we'll see what happens."}, {"start": "00:14:24", "end": "00:14:31", "text": "I don't expect it to go below 69K. You know, my reasons why, but uh we'll see how far it goes. So, I know people are"}, {"start": "00:14:31", "end": "00:14:38", "text": "saying, \"Well, buy the dip, buy the dip.\" I would pick and choose my positions. I mean, I've bought I bought,"}, {"start": "00:14:38", "end": "00:14:43", "text": "but you you I can't give you a financial advice, but I would really think about"}, {"start": "00:14:43", "end": "00:14:49", "text": "buying every single dip on every single day because I think it's going to go much lower. But do what you want to do"}, {"start": "00:14:49", "end": "00:14:54", "text": "and we go from there. And then last, well, actually, not last, there's two more things to go over. I just wanted to"}, {"start": "00:14:54", "end": "00:15:01", "text": "show you this Bitcoin percentage draw down from its all-time high. And people"}, {"start": "00:15:01", "end": "00:15:06", "text": "were saying, you know, hey, this is this is awful. It's not that awful. I mean,"}, {"start": "00:15:06", "end": "00:15:11", "text": "the last blowoff top years in 2017, this was our draw downs. In the bare markets,"}, {"start": "00:15:11", "end": "00:15:18", "text": "we go down 80% 81% 68% 63%."}, {"start": "00:15:18", "end": "00:15:23", "text": "What is this? 20. Wow. 19th of July 2021. That was the last bull market. You"}, {"start": "00:15:23", "end": "00:15:31", "text": "know, we went down almost 50%. Then it was like 63,000. Then it rebounded. And then of course we came"}, {"start": "00:15:31", "end": "00:15:37", "text": "back in January 2022 and went down another 50%. But look at this. I just want to show you this. I found it"}, {"start": "00:15:37", "end": "00:15:43", "text": "interesting that as far as draw downs go, look at this. In September of 2024,"}, {"start": "00:15:43", "end": "00:15:50", "text": "we went down 26%. And then in 8th of April, we went down"}, {"start": "00:15:50", "end": "00:15:57", "text": "28%. So 26% 28%. And then look at this. Today we're down"}, {"start": "00:15:57", "end": "00:16:05", "text": "30%. So, it went 26% 28% and 30%. And I could see it go down down 40%. We'll see"}, {"start": "00:16:05", "end": "00:16:13", "text": "what happens. And lastly, more bad news. Uh, if you have WhatsApp,"}, {"start": "00:16:13", "end": "00:16:20", "text": "don't upgrade it or do anything with it. Apparently, there's a WhatsApp worm."}, {"start": "00:16:20", "end": "00:16:25", "text": "some kind of hack, some kind of malicious code is spreading in Brazil"}, {"start": "00:16:25", "end": "00:16:30", "text": "and infecting phones with the Eterna Day Stealer Trojan. So, if it's over there,"}, {"start": "00:16:30", "end": "00:16:36", "text": "it's probably going to make it globally, which steals access to crypto wallets"}, {"start": "00:16:36", "end": "00:16:43", "text": "and banking apps. So, I guess that's the good news is that uh it'll screw up banking apps and crypto wallets. So, if"}, {"start": "00:16:43", "end": "00:16:49", "text": "you're doing anything with WhatsApp like I do, don't download anything. Don't update anything until you hear that this"}, {"start": "00:16:49", "end": "00:16:56", "text": "thing's actually gone away. And that's it for today. So, look, you like today's video, which I got to tell you was uh"}, {"start": "00:16:56", "end": "00:17:02", "text": "much more upbeat than yesterday's, give it a thumbs up, consider subscribing. That's it for this one. Now, let's get"}, {"start": "00:17:02", "end": "00:17:09", "text": "into a little Q&A and uh we'll all hash it out and tell our war stories. All"}, {"start": "00:17:09", "end": "00:17:15", "text": "right. Pirate Justin says, \"How the f does it do that exactly?\" They were talking"}, {"start": "00:17:15", "end": "00:17:21", "text": "about the the malicious software. I have no idea. I am not a coder. I don't know how these things work. I just know that"}, {"start": "00:17:21", "end": "00:17:29", "text": "every time that uh that uh somebody downloads something or goes to a malicious website or pretty much just uh"}, {"start": "00:17:29", "end": "00:17:35", "text": "does anything that they're sub they're subjugated to to like do an update on something, it always screws everything"}, {"start": "00:17:35", "end": "00:17:41", "text": "up. So, I'm I'm really leery about doing anything these days on that. What I would do, this this works out pretty"}, {"start": "00:17:41", "end": "00:17:47", "text": "well, is um if you get a link for WhatsApp or if they you're in the app and it says to update it from here, take"}, {"start": "00:17:47", "end": "00:17:54", "text": "a screenshot, put it in a chat GPT or Grock and just say, \"Hey, is this a scam?\" If you get some kind of unknown"}, {"start": "00:17:54", "end": "00:18:01", "text": "text message, take a screenshot, send it in the chat GPT, is this a scam? If you get an email,"}, {"start": "00:18:01", "end": "00:18:08", "text": "send take a screenshot, put it into chat GBT or Grock, and it'll tell you. And it's really good as far as like telling"}, {"start": "00:18:08", "end": "00:18:13", "text": "you like, \"Hey, this is a scam.\" It works out quite great. So, everything's"}, {"start": "00:18:13", "end": "00:18:18", "text": "a scam until here. Otherwise, let Grock and Chad GBT do the heavy lifting. Uh,"}, {"start": "00:18:18", "end": "00:18:26", "text": "at least they could help us out because they're stealing all our jobs anyhow. All right. Mary says, \"I keep my tech"}, {"start": "00:18:26", "end": "00:18:33", "text": "footprint as minimal as possible.\" That's good, Mary. Smart. And, uh, D.S. says, \"Retail doesn't have"}, {"start": "00:18:33", "end": "00:18:40", "text": "money. People are struggling.\" This is the thing. Well, first of all, D.S.-V1C"}, {"start": "00:18:40", "end": "00:18:46", "text": "is 100% correct. We are really struggling."}, {"start": "00:18:47", "end": "00:18:52", "text": "But do you know how much money is slashing around in the world? Like"}, {"start": "00:18:52", "end": "00:18:59", "text": "retail people that make less than 150,000, 100,000, 75,000, 50,000,"}, {"start": "00:18:59", "end": "00:19:05", "text": "whatever it is, right? Yes, those people are hurting. However, for these markets"}, {"start": "00:19:05", "end": "00:19:12", "text": "and the things that are going on, there's so much funds that are out there"}, {"start": "00:19:12", "end": "00:19:17", "text": "that there's no reason why they shouldn't find their way into these different equities, into these different"}, {"start": "00:19:17", "end": "00:19:23", "text": "assets. And like I've shown this before, I wish they would update this so I could show something better. Every one of"}, {"start": "00:19:23", "end": "00:19:30", "text": "these little squares is hundred billion dollars. And this is from 2022. So, you know,"}, {"start": "00:19:30", "end": "00:19:35", "text": "it's gone up. Let's see. Military spending"}, {"start": "00:19:35", "end": "00:19:41", "text": "2.1 trillion. I is that all? Okay, that's for everybody. US, China, and"}, {"start": "00:19:41", "end": "00:19:46", "text": "everyone else. Well, US is the US. Gold, it says 11.5 trillion. That's totally"}, {"start": "00:19:46", "end": "00:19:52", "text": "incorrect. That's over 20 trillion now. World's billionaires have 12 trillion. That's even more incorrect. I think it's"}, {"start": "00:19:52", "end": "00:19:58", "text": "over 25 trillion now. Central bank balance sheets, how much is this? 28"}, {"start": "00:19:58", "end": "00:20:04", "text": "trillion. The S&P The S&P 500, $36 trillion. That's it's like 48 trillion"}, {"start": "00:20:04", "end": "00:20:11", "text": "now. And then what else? Money supply. It's overund 109 trillion. Global stock"}, {"start": "00:20:11", "end": "00:20:17", "text": "markets. This one's another Which one is this?"}, {"start": "00:20:17", "end": "00:20:23", "text": "Hold on. It's 38. It's like 50 59 trillion. Global debt is 300"}, {"start": "00:20:23", "end": "00:20:29", "text": "trillion. Global real estate is now $500 trillion. Just take a look at this. There is no"}, {"start": "00:20:29", "end": "00:20:35", "text": "reason. There is no reason why that money that is over here that is not in"}, {"start": "00:20:35", "end": "00:20:41", "text": "the hands of people who make $150,000 or less. I get you there's a lot of people. But as far as like real estate, there's"}, {"start": "00:20:41", "end": "00:20:46", "text": "a lot of people that are in the 1%, the top 5%, the top 10%."}, {"start": "00:20:46", "end": "00:20:52", "text": "That are into derivatives and swaps and options. That's not"}, {"start": "00:20:52", "end": "00:20:59", "text": "retail. Not for the most part. There's money out there. Just hasn't found its way here. And I don't"}, {"start": "00:20:59", "end": "00:21:06", "text": "understand why quite honestly. Anyhow, we'll see."}, {"start": "00:21:06", "end": "00:21:12", "text": "Hello. Going to start DCA. Not a bad choice."}, {"start": "00:21:13", "end": "00:21:21", "text": "Yeah. Kai cat Roberts, me, you aren't going anywhere anytime soon. So, the idea was to exit in the bull market when"}, {"start": "00:21:21", "end": "00:21:28", "text": "I was lading out and selling. And we would take a look at these different I got to tell you, it's a funny thing. We"}, {"start": "00:21:28", "end": "00:21:37", "text": "would take a look at these indicators, right? One of the the big indicators was from I'll show you. That's not it."}, {"start": "00:21:37", "end": "00:21:45", "text": "Coin Glass. And we were taking a look at these because they've always fired, but not one of these indicators fired. It"}, {"start": "00:21:45", "end": "00:21:51", "text": "was quite interesting. And in my"}, {"start": "00:21:51", "end": "00:21:56", "text": "in my previous bull run, I just made"}, {"start": "00:21:56", "end": "00:22:03", "text": "price predictions and I said, \"Okay, I think that Bitcoin's going to 150K, so I'll ladder out.\" So, I laded"}, {"start": "00:22:03", "end": "00:22:10", "text": "out at like like 50K and then 60K and the next one was 80K,"}, {"start": "00:22:10", "end": "00:22:20", "text": "which never came. This is in 2021. Ethereum, I thought it would go to 10,000. So I laded out at 2500 and 3500"}, {"start": "00:22:20", "end": "00:22:27", "text": "and then of course the rest didn't come and then but my best one was Cardano. I just thought it would go to three bucks and it did go to three bucks."}, {"start": "00:22:27", "end": "00:22:33", "text": "Unfortunately I got greedy didn't didn't take as many laded out profits I did. So"}, {"start": "00:22:33", "end": "00:22:40", "text": "the idea this time was to use the indicators like everybody talks about and how great they are and uh use those"}, {"start": "00:22:40", "end": "00:22:45", "text": "to ladder out. Well, didn't work out for me. That's okay."}, {"start": "00:22:45", "end": "00:22:52", "text": "I sold some along the way. Thankfully, I had like I said like this a really good real estate deal. It worked out great."}, {"start": "00:22:52", "end": "00:22:58", "text": "But I should have sold more and I didn't and that's on me. But the idea was to to"}, {"start": "00:22:58", "end": "00:23:03", "text": "sell, do videos on what I'm selling, say adios everybody. It's been fun. Then"}, {"start": "00:23:03", "end": "00:23:10", "text": "come back in the bare market. Somehow I skipped not somehow. I know how it is. It was me. I didn't sell as much as I"}, {"start": "00:23:10", "end": "00:23:16", "text": "was supposed to because I was relying on some indicators that never never popped off."}, {"start": "00:23:16", "end": "00:23:23", "text": "And they might they might pop off at the end of December. I don't know. Maybe Q1 or Q2. Who knows? But if it doesn't,"}, {"start": "00:23:23", "end": "00:23:31", "text": "we'll see. And the idea was to come back in the bare market. That's not happening because I didn't leave."}, {"start": "00:23:31", "end": "00:23:38", "text": "And that's where it is. One thing that that I keep thinking about is this is that I remember in 2020 in November, no,"}, {"start": "00:23:38", "end": "00:23:45", "text": "December of 2021 when we had another pullback from the 67,000 line."}, {"start": "00:23:45", "end": "00:23:51", "text": "And I was looking at it going, there's no way that the top was 67,000 because everybody in their grandmother was"}, {"start": "00:23:51", "end": "00:23:56", "text": "telling me it's going to be 150K. Didn't happen. So, um, I just remember that"}, {"start": "00:23:56", "end": "00:24:05", "text": "time and I remember now. And now when I look back, I'm like, you're telling me that 126,000 was the top on October 6th."}, {"start": "00:24:05", "end": "00:24:10", "text": "I believe it. I believe it could be because I was in this much disbelief before. So now nothing surprised me. So"}, {"start": "00:24:10", "end": "00:24:16", "text": "I'm like, maybe that was it. And if that if that is it, this is the funny thing."}, {"start": "00:24:16", "end": "00:24:22", "text": "If that was it, October 6, the four-ear cycles are intact. For as"}, {"start": "00:24:22", "end": "00:24:29", "text": "much as people talk about how, you know, it's it's it's has to do with the business cycle and it has to do with M2"}, {"start": "00:24:29", "end": "00:24:34", "text": "money supply and it has to do with all these indicators. All of them are wrong."}, {"start": "00:24:34", "end": "00:24:40", "text": "Only time will tell. It'll be interesting interesting times. I'm not mad at anybody. I'm just saying it will"}, {"start": "00:24:40", "end": "00:24:47", "text": "be interesting to see how that comes out. And real raid boss says when Rob pulls"}, {"start": "00:24:47", "end": "00:24:53", "text": "out this matrix in the DCA simulator, I start crying. Oh yeah, that chart didn't"}, {"start": "00:24:53", "end": "00:25:00", "text": "show when Nvidia and its most valuable company in the world. Yeah, you know, there's some there's some discrepancies"}, {"start": "00:25:00", "end": "00:25:06", "text": "with the with Nvidia. There was a good post. I forgot I wrote it. But they're very concerned"}, {"start": "00:25:06", "end": "00:25:12", "text": "not about what Michael Bur is concerned about about the chips the degradation over you know two to three years instead"}, {"start": "00:25:12", "end": "00:25:18", "text": "of like five six seven eight years but just the amount of revenue that's actually being produced and what is"}, {"start": "00:25:18", "end": "00:25:25", "text": "actually being paid to Nvidia and the payments that are being made to the other AI companies as this big"}, {"start": "00:25:25", "end": "00:25:33", "text": "conglomerate of these different companies uh benefiting from just"}, {"start": "00:25:33", "end": "00:25:38", "text": "five card. Monty, I don't know. We'll see if uh if it collapses. If it does,"}, {"start": "00:25:38", "end": "00:25:44", "text": "we'll see. Does Does Ben still have a chair? I think Ben's Ben is doing just"}, {"start": "00:25:44", "end": "00:25:50", "text": "fine. Nvidia is five trillion. There it is. 5 trillion. Very nice."}, {"start": "00:25:50", "end": "00:26:00", "text": "This has been an interesting cycle. That's true. Bitcoin 88K. Look, there we go. Or so back. No, I don't."}, {"start": "00:26:00", "end": "00:26:05", "text": "Master Blaster is right. Buy assets. land, houses, condo,"}, {"start": "00:26:05", "end": "00:26:11", "text": "get off the rental scam. You know, there's there's some people will say"}, {"start": "00:26:11", "end": "00:26:18", "text": "that, you know, renting is not a bad idea because you can save. I mean, if you look at it"}, {"start": "00:26:18", "end": "00:26:23", "text": "as far as like with taxes and then maintenance and then improvements and"}, {"start": "00:26:23", "end": "00:26:29", "text": "then utilities and everything. When you rent, you kind of sidestep that. It only"}, {"start": "00:26:29", "end": "00:26:38", "text": "lasts for so much time because people like me who own the houses at some point we have to offload those prices or"}, {"start": "00:26:38", "end": "00:26:43", "text": "offload that debt, that burden to our tenants. So if the taxes go up, I can"}, {"start": "00:26:43", "end": "00:26:49", "text": "eat it for only so long, but then guess what? I got to pass it to you. And it's up to you as a tenant to say, you know,"}, {"start": "00:26:49", "end": "00:26:56", "text": "this is too expensive or you stick around. One of the things that I always like about real estate is that it's a"}, {"start": "00:26:56", "end": "00:27:01", "text": "constant cash flow. I don't care what happens in the world. I don't care"}, {"start": "00:27:01", "end": "00:27:08", "text": "if we get another pandemic, uh people are still going to need a place to live and that's pretty much how it goes. So,"}, {"start": "00:27:08", "end": "00:27:13", "text": "you might not be able to charge what you want to charge, but the cash flow will still keep coming in. And that's the the"}, {"start": "00:27:13", "end": "00:27:20", "text": "beauty of of real estate. Even though a lot of people have really not been a big"}, {"start": "00:27:20", "end": "00:27:26", "text": "fan as they've pivoted, I got to tell you, it's very refreshing just to know that, hey, maybe these crypto bags are"}, {"start": "00:27:26", "end": "00:27:35", "text": "went down 40 50% But at least that cash flow keeps coming in. Not too bad,"}, {"start": "00:27:35", "end": "00:27:43", "text": "Daddy. I'm scared. There's nothing to be scared of. The only thing to fear is fear itself. And uh this too shall pass."}, {"start": "00:27:43", "end": "00:27:49", "text": "Look, all this stuff is I know people are sick of hearing this, but it's the same thing happening over and over"}, {"start": "00:27:49", "end": "00:27:55", "text": "again. All you got to do is stick around. Just just repeat after me."}, {"start": "00:27:55", "end": "00:28:02", "text": "I will figure it out. That's all you have to say. I will figure it out. So,"}, {"start": "00:28:02", "end": "00:28:08", "text": "you got problems right now because like you your portfolio is down. I'll figure it out. You got problems because you can't make ends meet. I'll figure it"}, {"start": "00:28:08", "end": "00:28:14", "text": "out. You got problems because like the cash that was in your in your bank account, you have to to go to different"}, {"start": "00:28:14", "end": "00:28:20", "text": "aspects and bills and you're left really short or you can't pay things. You'll figure it out. That's how it's going to"}, {"start": "00:28:20", "end": "00:28:25", "text": "be. And just like with these with these markets, I mean, I'm old, so I've been"}, {"start": "00:28:25", "end": "00:28:30", "text": "around the block enough times to know that these things just repeat and repeat and repeat."}, {"start": "00:28:30", "end": "00:28:37", "text": "All you got to do is stick around. And Muhammad says,"}, {"start": "00:28:37", "end": "00:28:43", "text": "Rob, is there any justification based on your knowledge behind this drop? No. Um,"}, {"start": "00:28:43", "end": "00:28:49", "text": "people will say, \"Well, it's manipulation and these and these ETFs are these institutions are waiting for"}, {"start": "00:28:49", "end": "00:28:55", "text": "their friends to come in.\" They've had enough time. I don't really think it's massive manipulation. Is there"}, {"start": "00:28:55", "end": "00:29:00", "text": "manipulation in the market? There's manipulation in the gold market. Go talk to Jamie Diamond over at JP Morgan when"}, {"start": "00:29:00", "end": "00:29:08", "text": "he spoofs gold. Of course, it it happens. It happens all the time. But the question is, what is the level"}, {"start": "00:29:08", "end": "00:29:15", "text": "of manipulation that's going on the market? I can't really tell you for sure. I can tell you that October 10th seemed to be heavily manipulated, but"}, {"start": "00:29:15", "end": "00:29:20", "text": "that is what it is, which led to essentially the greater greater losses."}, {"start": "00:29:20", "end": "00:29:25", "text": "But as far as today, the job numbers and the rates, it seems like everything's"}, {"start": "00:29:25", "end": "00:29:31", "text": "everybody's so skittish and scared that the entire market will collapse because"}, {"start": "00:29:31", "end": "00:29:36", "text": "of this AI bubble. And uh you know when Nvidia comes out"}, {"start": "00:29:36", "end": "00:29:42", "text": "with those with those great uh earnings, everybody's super excited after hours, but then everybody digs the numbers and"}, {"start": "00:29:42", "end": "00:29:48", "text": "like, \"Hey, wait a second. Where's this revenue coming from? How much have you guys actually charged? How much have you"}, {"start": "00:29:48", "end": "00:29:55", "text": "actually received? Where is the stop gap?\" And then things start to get a little bit more murky. And then people"}, {"start": "00:29:55", "end": "00:30:00", "text": "get scared again and they sell off. I'm sure there's someone's going to come"}, {"start": "00:30:00", "end": "00:30:07", "text": "out with a reason tomorrow. Oh, it was because of, you know, somebody fell down and"}, {"start": "00:30:07", "end": "00:30:15", "text": "and uh sold all their crypto. I don't there always be a reason. Uh"}, {"start": "00:30:15", "end": "00:30:22", "text": "yeah, if it's too good to be true, it usually is. The PI cycle top indicator is too easy. We all be rich to time it."}, {"start": "00:30:22", "end": "00:30:28", "text": "It was right last year. I mean, pretty pretty close. It just wasn't didn't hit"}, {"start": "00:30:28", "end": "00:30:36", "text": "this year. Ah, Ben's chair is here. Yen carry trade is why we're going down."}, {"start": "00:30:36", "end": "00:30:41", "text": "Yes, I second that. Sounds good. Um I'm"}, {"start": "00:30:41", "end": "00:30:48", "text": "hopping because of tariffs. We're two months behind. Maybe buy hard assets. I'm going all in."}, {"start": "00:30:48", "end": "00:30:55", "text": "Subzero. Wait, let's say that you go all in today,"}, {"start": "00:30:55", "end": "00:31:01", "text": "right? And let's say that the four-year cycles are intact somehow someway and that Q1"}, {"start": "00:31:01", "end": "00:31:08", "text": "Q2 business cycle doesn't happen and we keep having a nice long drag down. Did"}, {"start": "00:31:08", "end": "00:31:15", "text": "you know that in for the uh 2013 and 2015 cycle was 85%"}, {"start": "00:31:15", "end": "00:31:22", "text": "drop 2017 2018 it was uh uh 83%"}, {"start": "00:31:22", "end": "00:31:29", "text": "85 83 and then from the 2021 2022 is 77% drop and that would just that usually"}, {"start": "00:31:29", "end": "00:31:36", "text": "took around one year. So, if you're going to go on all in today, you can."}, {"start": "00:31:36", "end": "00:31:45", "text": "But what if it keeps bleeding from October 6, 2025 to October 6, 2026?"}, {"start": "00:31:46", "end": "00:31:53", "text": "Maybe you could value cost average. This is just an option. Let's say that Subzero's"}, {"start": "00:31:53", "end": "00:32:01", "text": "got 10 grand. He's like, \"F it. Going all in.\" He puts 10 grand into Bitcoin. Bitcoin goes down another 30%. Damn it."}, {"start": "00:32:01", "end": "00:32:07", "text": "I should have waited. I should have done something. Value cost averaging. How about you take that 10,000, split it up"}, {"start": "00:32:07", "end": "00:32:12", "text": "into four tanches. Okay, I'm putting 2500 bucks in today. If it goes down"}, {"start": "00:32:12", "end": "00:32:18", "text": "10%, I'll put another 2500 bucks in. Goes down to whatever it is. 78,000."}, {"start": "00:32:18", "end": "00:32:24", "text": "Okay, another 10,000. If it goes down to 10%. Okay, now it's 70,000. 10,000."}, {"start": "00:32:24", "end": "00:32:29", "text": "Okay, now it's 60,000. 10,000. Okay, I'm all dipped out. It goes to 40,000. Well,"}, {"start": "00:32:29", "end": "00:32:36", "text": "so what? because at least I didn't dump it all in at 87K. I went to 807 whatever"}, {"start": "00:32:36", "end": "00:32:43", "text": "it was. So, it's just an option like something to look at. Or you just dollar"}, {"start": "00:32:43", "end": "00:32:48", "text": "cost average again. 100 bucks every day, 500 bucks, 10,000 bucks every day. I"}, {"start": "00:32:48", "end": "00:32:53", "text": "don't maybe a thousand bucks every week."}, {"start": "00:32:53", "end": "00:32:56", "text": "Let's see."}, {"start": "00:32:59", "end": "00:33:04", "text": "Yeah, your health is"}, {"start": "00:33:04", "end": "00:33:10", "text": "your health is your wealth. Don't get sick this people. It's true. Judy, what"}, {"start": "00:33:10", "end": "00:33:16", "text": "do you think? Hey, see green screen. Told you."}, {"start": "00:33:16", "end": "00:33:22", "text": "All right. By Tesla."}, {"start": "00:33:23", "end": "00:33:30", "text": "What else do we have? Big doggo."}, {"start": "00:33:30", "end": "00:33:35", "text": "That dog doesn't need luck. That dog lives the sweet life."}, {"start": "00:33:35", "end": "00:33:40", "text": "Has his own butler, his own cook, his own chef,"}, {"start": "00:33:40", "end": "00:33:46", "text": "gets a personal trainer, and uh sleeps all day. You know, if you really want"}, {"start": "00:33:46", "end": "00:33:53", "text": "financial advice, follow that dog on Twitter. They have all those things, and I don't have anything."}, {"start": "00:33:53", "end": "00:34:00", "text": "Hey Rob, I'm gonna attempt to move to Puerto Rico for tax reasons. Did you use the service worth it? Andrew, do a"}, {"start": "00:34:00", "end": "00:34:06", "text": "search for digital asset news Puerto Rico and I show you there's two services that you can you can look for. One is"}, {"start": "00:34:06", "end": "00:34:13", "text": "like a a white glove service. Very expensive. Would not recommend it, but if you're like a baller, go for that"}, {"start": "00:34:13", "end": "00:34:22", "text": "one. The other one is my friend Haime, who was a lawyer, and he can help you out for like way way less money. and uh"}, {"start": "00:34:22", "end": "00:34:29", "text": "you know cuz he's lived there his entire life. He'll set you up through Act 60. And then uh also if you're looking for"}, {"start": "00:34:29", "end": "00:34:35", "text": "an agent, I got a personal friend who is really good with finding residential. And then for commercial, we'll also got"}, {"start": "00:34:35", "end": "00:34:42", "text": "another one. So uh it's all right there for you and I'd love to have you in Puerto Rico. And uh bonus points if you"}, {"start": "00:34:42", "end": "00:34:49", "text": "do any kind of construction, if you do any kind of plumbing, electrician, concrete work, I'll hire you myself."}, {"start": "00:34:49", "end": "00:34:56", "text": "Let's see. Today I felt like UFC fight. I got TK, but you got back up. That's all that"}, {"start": "00:34:56", "end": "00:35:01", "text": "matters. Bit boy needs a wellness check. Yeah, that's,"}, {"start": "00:35:01", "end": "00:35:07", "text": "you know, we talk about uh health is wealth. It's not just, you know,"}, {"start": "00:35:07", "end": "00:35:13", "text": "physical health, it's mental wealth. And Bit Boy is, I think, has some problems."}, {"start": "00:35:13", "end": "00:35:19", "text": "And hopefully he makes it. I mean, especially for the kids. That's a shame."}, {"start": "00:35:19", "end": "00:35:26", "text": "Yeah, life is good. Life is good. Hopefully I get reincarnated as a dog. I mean a dog in America, not like, you"}, {"start": "00:35:26", "end": "00:35:32", "text": "know, a dog in Korea or something like that. But yeah. Yeah. Jimmy says, uh, also PR relocate"}, {"start": "00:35:32", "end": "00:35:39", "text": "is good for relocation. They do good stuff, too. It's very true. Buy the dip all day, then lose at night."}, {"start": "00:35:39", "end": "00:35:45", "text": "Yeah. Hardwired says no Bitcoiners. No, I"}, {"start": "00:35:45", "end": "00:35:52", "text": "think most of us are mostly bit I'm mostly a Bitcoiner. I'm like an 80% Bitcoiner and a 20% gambler. That's what"}, {"start": "00:35:52", "end": "00:35:59", "text": "it is. Uh Santanic says, \"How would the next cycle be?\" Hey man, uh I'm just"}, {"start": "00:35:59", "end": "00:36:06", "text": "hoping to get this cycle right, and obviously I didn't do it, so I'm not the guy to ask, but if uh you know October 6"}, {"start": "00:36:06", "end": "00:36:13", "text": "was the high, at least we got one thing right. Four year cycles are intact. So that would be pretty amazing. Wouldn't"}, {"start": "00:36:13", "end": "00:36:18", "text": "that be amazing though if October 6 was the high because we have all this good news and all these positive things"}, {"start": "00:36:18", "end": "00:36:24", "text": "happening on on the background? I mean, we're getting rate cuts. We're going to stall on December. Got it. Quantitative"}, {"start": "00:36:24", "end": "00:36:30", "text": "tightening is ending December 1st. Quantitative easing then, of course, putting things on the balance sheet and printing money is right around the"}, {"start": "00:36:30", "end": "00:36:38", "text": "corner. Uh the M2 money supply continues to grow and is massive."}, {"start": "00:36:38", "end": "00:36:44", "text": "I mean, so we have these things. the only but there's some problems and the problem is is that the economy is I"}, {"start": "00:36:44", "end": "00:36:51", "text": "think sicker than what we think it is. Jobs reports are coming out and it's looking pretty bad. Ever since 2022,"}, {"start": "00:36:51", "end": "00:36:58", "text": "we've been losing jobs thanks to I think AI, but there's other factors that go into play. And then uh with tariff,"}, {"start": "00:36:58", "end": "00:37:04", "text": "tariff, tariffs that Trump wants to do, he wants to do this. I think it's just going to take time to if he wants to"}, {"start": "00:37:04", "end": "00:37:10", "text": "reshore everything, you're talking years. So, it's uh we're stuck in a in a"}, {"start": "00:37:10", "end": "00:37:16", "text": "tight situation. So, we'll see."}, {"start": "00:37:16", "end": "00:37:22", "text": "Uh let's see. Thoughts on developments on the Bitcoin forks? You know, I don't know what's"}, {"start": "00:37:22", "end": "00:37:28", "text": "going on with knots and core, but it just seems like it's a problem and it's a huge problem and hopefully the right"}, {"start": "00:37:28", "end": "00:37:33", "text": "one wins. I'm not wellversed in both sides. I just"}, {"start": "00:37:33", "end": "00:37:39", "text": "know that a fork is not the way to go. Hopefully there's a good resolution because forks are it makes the markets"}, {"start": "00:37:39", "end": "00:37:45", "text": "even more skittish than what they are right now. But imagine that. I don't want to go through that. So hopefully we"}, {"start": "00:37:45", "end": "00:37:53", "text": "can figure out if you know NFTTS are really a thing and should be a thing on on uh Bitcoin on the blockchain itself."}, {"start": "00:37:53", "end": "00:37:58", "text": "I personally don't think that we need them. I think that a store of value or a peer-to-peer transaction is just fine. I"}, {"start": "00:37:58", "end": "00:38:05", "text": "don't need to put art and pictures and god knows what other kind of like degenerate type of images that you can"}, {"start": "00:38:05", "end": "00:38:11", "text": "put into the Bitcoin blockchain because that you allow it and because that you increase the size. I just not a big fan"}, {"start": "00:38:11", "end": "00:38:17", "text": "of that. Just keep it. It's like a business. If you are if you're marketing"}, {"start": "00:38:17", "end": "00:38:23", "text": "to everybody, you're marketing to nobody. Just pick your niche. Make sure you're the 100% the best at it and just"}, {"start": "00:38:23", "end": "00:38:31", "text": "keep doing that thing. And Bitcoin is the soundest money that's that's out there. And as far as like gold 2.0 and and"}, {"start": "00:38:31", "end": "00:38:38", "text": "store of value, it is the best possible thing that we can possibly have in the digital era. So just stick with that"}, {"start": "00:38:38", "end": "00:38:44", "text": "peer-to-peer transactions. All right, I'll give you a leeway. It's working out pretty good for Square, Jack Dorsey, and"}, {"start": "00:38:44", "end": "00:38:49", "text": "and Cash App, but uh all this other stuff, come on. Do we really need to be,"}, {"start": "00:38:49", "end": "00:38:55", "text": "you know, DeFi 2.0 for Bitcoin? Just stop. We don't need to"}, {"start": "00:38:55", "end": "00:39:00", "text": "be everything. We can't be everything to everybody. Just make Bitcoin great again. Hey, that's a that's a t-shirt"}, {"start": "00:39:00", "end": "00:39:08", "text": "waiting to happen. All right. Copium wrote, \"It's never any fight.\" Yeah, I know. Who the f looks what messages are"}, {"start": "00:39:08", "end": "00:39:15", "text": "putting a bit Bitcoin blockchains? Some There's some people out there. They do it."}, {"start": "00:39:16", "end": "00:39:22", "text": "Adam back. A Bitcoin maxi is procore. I got it. Don't f up Bitcoin."}, {"start": "00:39:22", "end": "00:39:32", "text": "What do you think about Liberty Financial? I think that the optics of the president's sons"}, {"start": "00:39:32", "end": "00:39:39", "text": "essentially getting into this market is was a disaster. Why couldn't they just"}, {"start": "00:39:39", "end": "00:39:45", "text": "been like, you know, Joe Biden's son and just, you know, under the table just got"}, {"start": "00:39:45", "end": "00:39:52", "text": "a bunch of kickbacks and bribes? That's that's what America's built on. bribery"}, {"start": "00:39:52", "end": "00:39:59", "text": "and uh and the sleaziness of"}, {"start": "00:39:59", "end": "00:40:04", "text": "of politicians and their and their constituents and their kids and just"}, {"start": "00:40:04", "end": "00:40:10", "text": "allowing these things to happen and we don't see it. See, that's the beauty of it. You know, we didn't see it, so we didn't really care too much about it."}, {"start": "00:40:10", "end": "00:40:15", "text": "The problem with Trump and his kids is that they see it all the time and it's covered 24/7."}, {"start": "00:40:15", "end": "00:40:22", "text": "Uh, and unfortunately, you know, that's that's bad for the image. It's bad for"}, {"start": "00:40:22", "end": "00:40:28", "text": "crypto. It's bad for everybody. Again, if we could just be like Joe Biden's son, just have the nepotism and just"}, {"start": "00:40:28", "end": "00:40:33", "text": "have him do his thing over there. I know in the comments people are going to say, \"Well, he didn't he did this and this.\""}, {"start": "00:40:33", "end": "00:40:39", "text": "Okay, sure. Let's see. Just just tune in. So, what's the"}, {"start": "00:40:39", "end": "00:40:45", "text": "glimmer? It looks like uh Warren Davidson"}, {"start": "00:40:46", "end": "00:40:52", "text": "is uh he put out a bill where you'll be able to pay for your taxes"}, {"start": "00:40:52", "end": "00:40:58", "text": "and that crypto or that Bitcoin Bitcoin only we're will be going to the Bitcoin strategic reserve and you can use"}, {"start": "00:40:58", "end": "00:41:04", "text": "Bitcoin and pay your taxes and there's no capital gains. So Warren Davidson"}, {"start": "00:41:04", "end": "00:41:12", "text": "knocked out of the park on that one. Let's see if that happens. That's the one glimmer. Wasn't that great of a glimmer. It was a glimmer."}, {"start": "00:41:12", "end": "00:41:19", "text": "I agree with your sentiment. What about the tech? What about the tech? That's the only reason I'm here for the tech. Just kidding."}, {"start": "00:41:19", "end": "00:41:23", "text": "Ah, couldn't say a straight face."}, {"start": "00:41:25", "end": "00:41:31", "text": "Hunter Biden, that's it. Love you Biden's son. I met Hunter two years ago. I told him it was nice to see him with"}, {"start": "00:41:31", "end": "00:41:37", "text": "his trousers on. He ignored me. It's pretty funny. Yeah. Baron Trump"}, {"start": "00:41:37", "end": "00:41:44", "text": "and uh yeah the Trump Trump clan touching"}, {"start": "00:41:44", "end": "00:41:50", "text": "Bitcoin is bad for me. If they just would have would have been like everybody else, just say, \"Hey, you know, we like Bitcoin. We bought and"}, {"start": "00:41:50", "end": "00:41:56", "text": "hold it.\" Great. That'd be awesome. But no, now we're going to own some companies and we're going to we're going"}, {"start": "00:41:56", "end": "00:42:04", "text": "to make a memecoin and it's going to be under false pretenses and there's a lot of discrepancies behind the scenes,"}, {"start": "00:42:04", "end": "00:42:10", "text": "you know, and then World Liberty Financial and of course the uh the pardon to CZ Binance and the money that"}, {"start": "00:42:10", "end": "00:42:17", "text": "was put back and forth. Yeah. Not great. Not a great look."}, {"start": "00:42:18", "end": "00:42:24", "text": "Yeah. Read the white paper. Yeah. The white paper essentially peer-to-peer transactions."}, {"start": "00:42:24", "end": "00:42:28", "text": "That's what it was."}, {"start": "00:42:35", "end": "00:42:41", "text": "Bob says, \"I'll keep giving them their fiat trash back.\""}, {"start": "00:42:41", "end": "00:42:46", "text": "Yeah. But, you know,"}, {"start": "00:42:49", "end": "00:42:57", "text": "let's say you owe $100,000 in taxes, right? And now, what's the price today"}, {"start": "00:42:57", "end": "00:43:05", "text": "for Bitcoin? Let's You owe $88,000 in in taxes. Okay. And you've got $88,000"}, {"start": "00:43:05", "end": "00:43:13", "text": "in cash and you got one Bitcoin. But the Bitcoin that you bought, you"}, {"start": "00:43:13", "end": "00:43:21", "text": "bought it when it was only 10,000. So you owe capital gains tax on $78,000."}, {"start": "00:43:21", "end": "00:43:26", "text": "So you could just say, \"I'm not giving you my Bitcoin. I give you this cash.\" Or"}, {"start": "00:43:26", "end": "00:43:34", "text": "you could give Bitcoin to the government and just say, \"Hey, there's no capital gains in this, right?\" Great. So there"}, {"start": "00:43:34", "end": "00:43:39", "text": "you go. the cash that you had for the taxes, you take that cash and buy buy"}, {"start": "00:43:39", "end": "00:43:46", "text": "Bitcoin. Now, your cost basis is $88,000. If that's how it was explained to me by"}, {"start": "00:43:46", "end": "00:43:53", "text": "Warren Davidson, that uh minute and a half clip, I'm sure there's nuances to it. That's how I would do it."}, {"start": "00:43:53", "end": "00:43:58", "text": "We'll we'll see. Yeah."}, {"start": "00:43:58", "end": "00:44:04", "text": "Biden pardoned Ross and made a plea deal with Assange. That's all that mattered."}, {"start": "00:44:06", "end": "00:44:12", "text": "Did Biden pardon Ross? Hold on."}, {"start": "00:44:21", "end": "00:44:27", "text": "No, Donald Trump pardoned Ross. Correct me in the comment section. And"}, {"start": "00:44:27", "end": "00:44:32", "text": "as far as like who made a deal, I don't know who made a deal with Assange."}, {"start": "00:44:32", "end": "00:44:38", "text": "Yeah, Trump. Pardon Ross. Trump. No, it was Trump."}, {"start": "00:44:38", "end": "00:44:44", "text": "Yeah, exactly. All right, everybody. Well, that was fun. Look, a little bit better day"}, {"start": "00:44:44", "end": "00:44:51", "text": "today, right? As far as like live streams go, not so much so much uh"}, {"start": "00:44:51", "end": "00:44:57", "text": "venom. That's it for today. So, look, like today's video, thumbs up, consider subscribing. We talk about is time"}, {"start": "00:44:57", "end": "00:45:02", "text": "sensitive. I think over the next I think November shot. So, like we talked about"}, {"start": "00:45:02", "end": "00:45:09", "text": "yesterday, you know, make your decision now. I don't think we're going to see much of a of a recourse until December."}, {"start": "00:45:09", "end": "00:45:14", "text": "And if we don't get a uh a rate cut in December 10th, which looks like we're"}, {"start": "00:45:14", "end": "00:45:21", "text": "not, expect the market to go down even further. Even though people will say it's priced in."}, {"start": "00:45:21", "end": "00:45:27", "text": "Every time there is news on the rate cuts, even though people say it's all priced in, there's always that next 10"}, {"start": "00:45:27", "end": "00:45:33", "text": "20% that's like, you know what, I didn't like this and I'm going to sell. That's it for today. Thanks much everybody for"}, {"start": "00:45:33", "end": "00:45:39", "text": "hanging out with me for 45 minutes. I appreciate you and I'll see you on the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "I'm just saying that every midterm year,"}, {"start": "00:00:03", "end": "00:00:04", "text": "and we talked about this like four or"}, {"start": "00:00:04", "end": "00:00:06", "text": "five days ago, every single midterm"}, {"start": "00:00:06", "end": "00:00:08", "text": "year, which is in between the four-year"}, {"start": "00:00:08", "end": "00:00:10", "text": "cycle, the presidential election, that's"}, {"start": "00:00:10", "end": "00:00:12", "text": "when everything come crumbles as far as"}, {"start": "00:00:12", "end": "00:00:16", "text": "like with not just uh Bitcoin and"}, {"start": "00:00:16", "end": "00:00:20", "text": "altcoins, but traditional markets."}, {"start": "00:00:20", "end": "00:00:24", "text": "So, uh, it's really Q4 robust or excuse"}, {"start": "00:00:24", "end": "00:00:29", "text": "me, Q4 maybe Q1 2026, but going into the"}, {"start": "00:00:29", "end": "00:00:32", "text": "later parts of of 206, I don't see them"}, {"start": "00:00:32", "end": "00:00:34", "text": "as like the best time to hold"}, {"start": "00:00:34", "end": "00:00:36", "text": "everything."}, {"start": "00:00:36", "end": "00:00:39", "text": "Yeah, Peter Teal"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "You all sold. This is the most bullish"}, {"start": "00:00:02", "end": "00:00:04", "text": "news. I saved the best for last. You all"}, {"start": "00:00:04", "end": "00:00:07", "text": "sold while big oil money bought the dip."}, {"start": "00:00:07", "end": "00:00:10", "text": "Just in, United Arab Emirates state fund"}, {"start": "00:00:10", "end": "00:00:13", "text": "triples its stake. All roads lead to"}, {"start": "00:00:13", "end": "00:00:14", "text": "Black Rockck and Black Rockck's Bitcoin"}, {"start": "00:00:14", "end": "00:00:17", "text": "ETF, which is so wild if you think about"}, {"start": "00:00:17", "end": "00:00:19", "text": "the political ramifications and the"}, {"start": "00:00:19", "end": "00:00:21", "text": "other type of ramifications when you"}, {"start": "00:00:21", "end": "00:00:23", "text": "think about the leadership of these two"}, {"start": "00:00:23", "end": "00:00:25", "text": "funds. It's it's it's a marriage. It's a"}, {"start": "00:00:25", "end": "00:00:28", "text": "it's a unholy alliance. And I was of"}, {"start": "00:00:28", "end": "00:00:30", "text": "course"}, {"start": "00:00:30", "end": "00:00:31", "text": "talking about this while not sharing. So"}, {"start": "00:00:31", "end": "00:00:34", "text": "UAE tripling its stake there. Very very"}, {"start": "00:00:34", "end": "00:00:36", "text": "bullish news. So big oil buying while"}, {"start": "00:00:36", "end": "00:00:38", "text": "you are selling. So they tripled their"}, {"start": "00:00:38", "end": "00:00:40", "text": "exposure to Bitcoin during the third"}, {"start": "00:00:40", "end": "00:00:43", "text": "quarter through Black Rockck's IBIT."}, {"start": "00:00:43", "end": "00:00:44", "text": "Several participants saw it as a signal"}, {"start": "00:00:44", "end": "00:00:46", "text": "that institutional interest in crypto"}, {"start": "00:00:46", "end": "00:00:49", "text": "still gaining momentum in the UAE. In my"}, {"start": "00:00:49", "end": "00:00:51", "text": "opinion, probably a major reason we're"}, {"start": "00:00:51", "end": "00:00:55", "text": "bringing uh into the bloodbath is people"}, {"start": "00:00:55", "end": "00:01:01", "text": "copy trading uh Middle East oil money."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "We're getting a second chance to buy"}, {"start": "00:00:02", "end": "00:00:04", "text": "altcoins at a very cheap price. If you"}, {"start": "00:00:04", "end": "00:00:06", "text": "had a time machine and you could go back"}, {"start": "00:00:06", "end": "00:00:08", "text": "and you could buy quality alts at low"}, {"start": "00:00:08", "end": "00:00:11", "text": "prices, which altcoins would you buy?"}, {"start": "00:00:11", "end": "00:00:13", "text": "Let me know."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "AP's best crypto asset. Which one's the best crypto asset? Best crypto asset."}, {"start": "00:00:06", "end": "00:00:13", "text": "Which one's the best? Which one? Which one's the best? Which one's the best? Which one? Which one's the best? Which"}, {"start": "00:00:13", "end": "00:00:20", "text": "one's the best? Which one? Which one's the best? Which one's the best? Which one?"}, {"start": "00:00:20", "end": "00:00:23", "text": "What's the second best?"}, {"start": "00:00:27", "end": "00:00:33", "text": "There is no second best. Welcome in to discover crypto where we"}, {"start": "00:00:33", "end": "00:00:40", "text": "are all Stockholm syndrome hostages of the cryptocurrency market than once"}, {"start": "00:00:40", "end": "00:00:46", "text": "again the quant the Chinese quant said down today it has been bleeding today"}, {"start": "00:00:46", "end": "00:00:52", "text": "but thankfully I got even more tether in my pocket. You better get in the"}, {"start": "00:00:52", "end": "00:00:59", "text": "Discord. We're going to trade our way out of this one. Welcome one. Welcome all to the show. I got my main man, my"}, {"start": "00:00:59", "end": "00:01:04", "text": "my sidekick, my killer in Manila, Kelly. Kellum,"}, {"start": "00:01:04", "end": "00:01:11", "text": "I am a great positive vibes today, man. You know?"}, {"start": "00:01:11", "end": "00:01:18", "text": "Yes. I mean, everybody was feeling like this. Everybody was feeling like this at $120,000,"}, {"start": "00:01:18", "end": "00:01:24", "text": "but now it's feeling like this because they're feeling a little bit crazy. and you're looking at TA and you feel like"}, {"start": "00:01:24", "end": "00:01:29", "text": "this because the market is like this, man. But there's some signs and signals."}, {"start": "00:01:29", "end": "00:01:36", "text": "Uh, and I'd like to talk to you all about your car insurance. I love this chat. Uh, positive vibes."}, {"start": "00:01:36", "end": "00:01:42", "text": "Have you seen a clickbait? You're damn right. I'm I have some of the finest clickbait this side of the Mississippi"}, {"start": "00:01:42", "end": "00:01:47", "text": "now. Hey, but Max Payne, I mean, we're looking at the fastest velocity downturn"}, {"start": "00:01:47", "end": "00:01:54", "text": "with the complete evaporation of sentiment. And if you see Max Fury, you're like, can it get any worse? This"}, {"start": "00:01:54", "end": "00:02:00", "text": "market has proven to be uh beyond the rationale level that anybody could have expected. So, we got a lot to dive in"}, {"start": "00:02:00", "end": "00:02:06", "text": "today. Yes. And I'm excited for it. I'm happy to be alive enjoying the sunshine. Now,"}, {"start": "00:02:06", "end": "00:02:12", "text": "if you were in our Discord, oh, there's the pooch, too, keeping us company here. If you're in the Discord, you caught the"}, {"start": "00:02:12", "end": "00:02:19", "text": "short signal from this zone down to here. Uh, made a good move on there. And then also I put another short up in at"}, {"start": "00:02:19", "end": "00:02:26", "text": "279. Closed it right at about this RSI here. I did those over on VEX and Blow"}, {"start": "00:02:26", "end": "00:02:31", "text": "Fin. Um and I am gathering uh points for uh I I'm checking out this decentralized"}, {"start": "00:02:31", "end": "00:02:40", "text": "exchange uh VEX as well. I'm gathering points just clipping trades quickly. But the pain is across the industry folks."}, {"start": "00:02:40", "end": "00:02:48", "text": "We have lead and guts but double zero on its way back up. Very very interesting. Bitcoin Cash up by 7%. ARS up by six,"}, {"start": "00:02:48", "end": "00:02:56", "text": "Ethereum Coke Classic up by 1.1 or 1.4%. But there is blood and mayhem all over"}, {"start": "00:02:56", "end": "00:03:03", "text": "the place. We got Dash, Zcash, Hyperlquid, Neo Protocol, Optimism, Starknet, Apto, Mantle, the list goes"}, {"start": "00:03:03", "end": "00:03:10", "text": "on. And you know what? The one that interests me in Oh, there's two of them that interest me for deals. Morpho and"}, {"start": "00:03:10", "end": "00:03:16", "text": "Betenser. Morpho and Betenser. Now, Betenser, I'm"}, {"start": "00:03:16", "end": "00:03:22", "text": "a greedy entry point person. I want to get this thing as close to 200 bucks a piece as I can get. Another one I am"}, {"start": "00:03:22", "end": "00:03:31", "text": "tracking is Sui. Now, Suie has been on a violent violent return back to home. And"}, {"start": "00:03:31", "end": "00:03:38", "text": "when I look at the to TVL, things are looking a little grim. Okay. But talking"}, {"start": "00:03:38", "end": "00:03:46", "text": "to Justin this morning, Justin had a really, really good piece of insight for me and it was we look at SU right now"}, {"start": "00:03:46", "end": "00:03:54", "text": "the same way that we looked at Salana a while back. And if you look at Salana's overall time frame,"}, {"start": "00:03:54", "end": "00:04:00", "text": "a lot of people gave up on Salana here and psychos that believed in the protocol were picking it up at like 10,"}, {"start": "00:04:00", "end": "00:04:08", "text": "20 bucks a piece. Now it's crashed down to $129. Sweet. I think has more downside. I"}, {"start": "00:04:08", "end": "00:04:14", "text": "think TVL will go down here to the $500 million zone, but that would be uh a"}, {"start": "00:04:14", "end": "00:04:21", "text": "pretty damn good entry point for me. And what do you think about that comment? Not a single person IRL around me holds"}, {"start": "00:04:21", "end": "00:04:27", "text": "crypto right now. Is it? Well, it's it's a reminder of what's happening in the market and we we forget how small of a"}, {"start": "00:04:27", "end": "00:04:33", "text": "bubble we live in, especially like here in the Discover Crypto family, whether you're on Xpaces, if you're trouncing"}, {"start": "00:04:33", "end": "00:04:40", "text": "around, even if this is your first time on this channel on crypto Twitter, there's bubbles and we're definitely in"}, {"start": "00:04:40", "end": "00:04:45", "text": "a bubble and we think, you know, we think about stuff by way of being"}, {"start": "00:04:45", "end": "00:04:52", "text": "involved with Bitcoin and any sort of crypto. I mean, I think everybody could agree that almost all of you weren't"}, {"start": "00:04:52", "end": "00:04:59", "text": "considering what was going on with uh what was going on with with the Fed interest, you know, FOMC and uh oh my"}, {"start": "00:04:59", "end": "00:05:05", "text": "god, when's the first time you heard Japanese yen carry trade? Was it before or after you got in crypto? When you're"}, {"start": "00:05:05", "end": "00:05:10", "text": "thinking about global liquidity, when you're thinking about business cycles and then furthermore, all these things"}, {"start": "00:05:10", "end": "00:05:16", "text": "are stuff that are people that are focused on assets are considering and we think the world is awake to this. And"}, {"start": "00:05:16", "end": "00:05:23", "text": "then you talk to, you know, 45 year family members and maybe one of them is on the edge of getting in, maybe one has"}, {"start": "00:05:23", "end": "00:05:29", "text": "gotten in. But the majority of people, I mean, this is a very niche emerging asset class, which also means it's a lot"}, {"start": "00:05:29", "end": "00:05:36", "text": "easier to push around and these swings in volatility from speculation really do take hold and shake the core out of the"}, {"start": "00:05:36", "end": "00:05:42", "text": "tourists that are here. You covered a lot of that on the space last night, too. Um, which I do want to highlight"}, {"start": "00:05:42", "end": "00:05:48", "text": "here. So, make sure to follow me at Druuth Crypto as you know, but also Kelly at Kelly Kellum. He's hosting"}, {"start": "00:05:48", "end": "00:05:54", "text": "these Thursday Bitcoin deep dives with some great macroeconomic outlooks, some"}, {"start": "00:05:54", "end": "00:06:01", "text": "really good onchain analysts, and a very broadstroke but needed to hear"}, {"start": "00:06:01", "end": "00:06:07", "text": "conversation about where Bitcoin is right now. So, I do see this comment to"}, {"start": "00:06:07", "end": "00:06:14", "text": "cheat potion maker. Uh, personally feel like we're about to witness the most hated mega rally eventually with so many"}, {"start": "00:06:14", "end": "00:06:19", "text": "sold out hating the rally. Kelly, that's kind of my thesis right now. I"}, {"start": "00:06:19", "end": "00:06:25", "text": "definitely agree with cheat potion. Like I you have an incredible chart that you"}, {"start": "00:06:25", "end": "00:06:30", "text": "put together about the RSIs and where they've been pushed down right now, but"}, {"start": "00:06:30", "end": "00:06:35", "text": "I think people aren't taking this velocity of downturn seriously enough."}, {"start": "00:06:35", "end": "00:06:41", "text": "So, let's go ahead and bring this up actually and check this out and just go over this for the for the family at home so we can understand what we're looking"}, {"start": "00:06:41", "end": "00:06:48", "text": "at here. All right, we got three dots. Okay, we're going to play red light, yellow light, green light. And what we have"}, {"start": "00:06:48", "end": "00:06:54", "text": "seen here on the strength, this is how strong the un basically the underlying activity is in the market. Buying"}, {"start": "00:06:54", "end": "00:07:00", "text": "pressure, selling pressure, so on and so forth activity. So, relative strength index, that's what the RSI stands for."}, {"start": "00:07:00", "end": "00:07:07", "text": "It does not stand for oversold and overbought. That's some metric that we put onto that. We've ascribed the we"}, {"start": "00:07:07", "end": "00:07:13", "text": "this is weaker. This is a Bitcoin 3-day chart. Bitcoin's price action and strength level. The correlation between"}, {"start": "00:07:13", "end": "00:07:19", "text": "those. We are the weakest point we've been since all I mean more so even than"}, {"start": "00:07:19", "end": "00:07:24", "text": "we saw the COVID dump. This is weaker market activity with the price at"}, {"start": "00:07:24", "end": "00:07:30", "text": "$85,000. We are weaker here than we were back here when the price crashed from about"}, {"start": "00:07:30", "end": "00:07:37", "text": "$10,000 down to 3500. This is also weaker than we saw during the FTX collapse. And this case in point what I"}, {"start": "00:07:37", "end": "00:07:44", "text": "really want to focus on in the price action today. Could we go lower? Absolutely. We've seen that happen."}, {"start": "00:07:44", "end": "00:07:50", "text": "However, you do not sell lower than you bought. Especially when you're looking"}, {"start": "00:07:50", "end": "00:07:56", "text": "at right now we are at the peak fear that we've seen in this cycle. Extreme levels of fear. Uh and you can see it"}, {"start": "00:07:56", "end": "00:08:04", "text": "also on this metric. You don't sell at peak fear and peak weakness because what tends to happen in these zones, we've"}, {"start": "00:08:04", "end": "00:08:10", "text": "seen this. This is peak fear, you know, on this zone right here. I think you can see my mouse that we got a not large"}, {"start": "00:08:10", "end": "00:08:15", "text": "move out. Peak fear right here, large move out. The question everybody's having is this a bull or bare market."}, {"start": "00:08:15", "end": "00:08:22", "text": "Fine, have that question. But even in a bare market, what you see in these price activities, what you see regularly is"}, {"start": "00:08:22", "end": "00:08:30", "text": "even in a bare market, let's look at this peak fear, bounce out, peak fear, small bounce, but look, 28,000 up to"}, {"start": "00:08:30", "end": "00:08:36", "text": "31,000. The question you have to ask yourself is are you selling at the absolute worst time to sell whether"}, {"start": "00:08:36", "end": "00:08:43", "text": "you're in a bull run or a bare market either one or do you want to wait for to see what happens with uh you know the"}, {"start": "00:08:43", "end": "00:08:48", "text": "bounce that will come whether it's here whether it's uh when we hit 74,000 um"}, {"start": "00:08:48", "end": "00:08:55", "text": "but you don't sell in peak fear. Yeah, that's good advice. Very very good advice. And also good uh reminder to"}, {"start": "00:08:55", "end": "00:09:01", "text": "Nick Dunn, where you at? Don't forget about the giveaway. Let's get into it because I am giving away something"}, {"start": "00:09:01", "end": "00:09:09", "text": "really, really awesome. So, this is uh from my wife. Okay, so this is a Bitcoin"}, {"start": "00:09:09", "end": "00:09:16", "text": "stocking. She made this by hand. She's making them by hand out of our sewing shop. And maybe it's only going to be"}, {"start": "00:09:16", "end": "00:09:21", "text": "coal that you can put inside the Bitcoin stocking because of how the markets just turned over."}, {"start": "00:09:21", "end": "00:09:28", "text": "But but but let me ask you, Drew. Yeah. She's making that in the sewing shop."}, {"start": "00:09:28", "end": "00:09:34", "text": "Bitcoin stockings. What paid for the sewing shop? ICP."}, {"start": "00:09:34", "end": "00:09:41", "text": "ICP. Crypto products paid for or made out of a sewing shop that was made from taking"}, {"start": "00:09:41", "end": "00:09:47", "text": "profits in crypto. Yes, absolutely. And so, you know, and when I took those profits, I mean, I"}, {"start": "00:09:47", "end": "00:09:54", "text": "was, you know, everyone told me I was a fool, but you know, um, but these are beautiful. Look at these. Uh, so really,"}, {"start": "00:09:54", "end": "00:10:01", "text": "really nice material. We're going to do the giveaway now. So, I'm going to get this out of the way. And we did the uh"}, {"start": "00:10:01", "end": "00:10:07", "text": "Oh, I pressed the wrong button here. So, here it is. Let's pull up my screen. And then, how"}, {"start": "00:10:07", "end": "00:10:13", "text": "many reposts do we have? So, I'm going to give this one final refresh."}, {"start": "00:10:13", "end": "00:10:19", "text": "Let's see here. So, we got 70 reposts, right? 70 repost. So, let's"}, {"start": "00:10:19", "end": "00:10:26", "text": "go view the quotes. View the repost. So, we have 70 people on this list to choose"}, {"start": "00:10:26", "end": "00:10:31", "text": "from. And so, I'm going to go over here and we're going to type in I'm going to"}, {"start": "00:10:31", "end": "00:10:38", "text": "go to the random number generator. 70. And let's pick a winner here. Um,"}, {"start": "00:10:38", "end": "00:10:44", "text": "wait. We got We got to set it beforehand. Are we counting starting with quotes or starting with retweets"}, {"start": "00:10:44", "end": "00:10:50", "text": "and counting into quotes? It it this counts all of them. Yeah, I know. Then we're going to have"}, {"start": "00:10:50", "end": "00:10:59", "text": "to go and count on the the tweet side where that number starts from. Oh, we can't just do this one the 70"}, {"start": "00:10:59", "end": "00:11:06", "text": "view quotes. Well, because what? We got Matthew, got Jur. So, we got like eight quotes,"}, {"start": "00:11:06", "end": "00:11:12", "text": "right? So, we starting with the one, two, three, four, five. What is the first quote from just a general retweet"}, {"start": "00:11:12", "end": "00:11:19", "text": "or the quote tweet? Now, it counts the quoted retweets in this reposts section. So Jurors did a"}, {"start": "00:11:19", "end": "00:11:26", "text": "quote repost, but it's also counted in the repost section. I had no idea. Yeah. So if we just look at just the"}, {"start": "00:11:26", "end": "00:11:32", "text": "repost list, this will include all quotes, all just basic repost. Okay, so we're going to do this. I'm going to put"}, {"start": "00:11:32", "end": "00:11:38", "text": "in 70. And we are going to generate a number here. Let's see who's going to win this. Number 12."}, {"start": "00:11:38", "end": "00:11:45", "text": "Oh, that's going to be easy to count. Thank Yeah, that's going to be easy to count. So let's go over here. Bam. Who is"}, {"start": "00:11:45", "end": "00:11:51", "text": "number 12 on the list? One. A two. A three 4"}, {"start": "00:11:51", "end": "00:12:01", "text": "5 6 7 8 9 10 11 12. All right, daddy up."}, {"start": "00:12:01", "end": "00:12:06", "text": "You got it. Let's go here. So, I'm going to follow you back. I'm going to get"}, {"start": "00:12:06", "end": "00:12:11", "text": "after it here. You won. All right. I'm going to message him right now that you"}, {"start": "00:12:11", "end": "00:12:18", "text": "won. I'm going to send them a message right now. You won the free stocking."}, {"start": "00:12:18", "end": "00:12:23", "text": "Now, if he's not in the US,"}, {"start": "00:12:26", "end": "00:12:32", "text": "uh, let's see. I'm going to make sure he's in the US, but I mean, I'm I'm sure we'll cover it even if he's not. Are you"}, {"start": "00:12:32", "end": "00:12:38", "text": "in the US? All right, there we go. All right, we won. Good job, and thank you for"}, {"start": "00:12:38", "end": "00:12:46", "text": "supporting my wife in this endeavor. I love seeing her out there working in the sewing shop with a sewing shop we bought"}, {"start": "00:12:46", "end": "00:12:52", "text": "with ICP Profits. So, um, and hopefully we're able to do our shopping sprees on"}, {"start": "00:12:52", "end": "00:12:58", "text": "Christmas a little bit early. I have done the shopping spree a little bit early. I'm going to be buying some more"}, {"start": "00:12:58", "end": "00:13:04", "text": "workout gear. Um, I'm kind of getting completely addicted to Oh, snap. You're"}, {"start": "00:13:04", "end": "00:13:10", "text": "in South Carolina, man. You're really close to us. There you are. All right. Hell yeah. There you go, daddy. You're"}, {"start": "00:13:10", "end": "00:13:16", "text": "in the You're in the show. Good to see you, bro. All right. Now, let's get into the rest of this. Let's get into the"}, {"start": "00:13:16", "end": "00:13:24", "text": "rest. They like to call it South Kakali. South Kaki. Very nice. So, Tom Crown talking about"}, {"start": "00:13:24", "end": "00:13:31", "text": "how bad down we are. So, the Mc Rib pump didn't work out. This is from McDonald's. Your rent money got"}, {"start": "00:13:31", "end": "00:13:37", "text": "miquidated. Crypto bros need not apply. Your MC decisionmaking is compromised."}, {"start": "00:13:37", "end": "00:13:43", "text": "So, sad. You know what it's done? You know what it's done, dude."}, {"start": "00:13:43", "end": "00:13:50", "text": "It is uh provided the opportunity, complimentary, mind you, for all you holders to enjoy complimentary red light"}, {"start": "00:13:50", "end": "00:13:56", "text": "therapy. So, hey, that stuff works. That stuff absolutely works. Every night my wife is"}, {"start": "00:13:56", "end": "00:14:01", "text": "uh she's roasting her face under red light therapy. And my wife's a very, very healthy person. So, there's"}, {"start": "00:14:01", "end": "00:14:07", "text": "something to it there. Um, absolutely. And you know, the real pain, yes, Bitcoin's pulling back a little bit. The"}, {"start": "00:14:07", "end": "00:14:13", "text": "real pains in altcoins. These are XRP holders falling off of their $3 shelf."}, {"start": "00:14:13", "end": "00:14:18", "text": "Down, down they go. But to be fair,"}, {"start": "00:14:18", "end": "00:14:24", "text": "to be fair, that feels like uh you could put any ticker holder there at that's uh"}, {"start": "00:14:24", "end": "00:14:30", "text": "that's anybody. Yeah, like XRP down to a $1.95. We got Salana down to"}, {"start": "00:14:30", "end": "00:14:39", "text": "128. B&B 825. I wouldn't be surprised to see B&B return back to 650 bucks um"}, {"start": "00:14:39", "end": "00:14:45", "text": "right in this zone. I would not be surprised at all to see that. So, the pain is across the board and not just"}, {"start": "00:14:45", "end": "00:14:51", "text": "Bitcoin. Um you know, though it has been a very very crazy thing to watch Bitcoin"}, {"start": "00:14:51", "end": "00:14:57", "text": "fall like this uh monthly candle shows, there is a lot of pain being had. Um,"}, {"start": "00:14:57", "end": "00:15:02", "text": "this is why I emphasize the importance of please, for the love of God, figure out"}, {"start": "00:15:02", "end": "00:15:08", "text": "crypto in terms of DeFi. Get in our Discord if you want to trade. This is the time to stack Tether and buy cheap"}, {"start": "00:15:08", "end": "00:15:14", "text": "crypto. Dude, our the quant we have in the Discord. Uh, they're looking at stuff that I've"}, {"start": "00:15:14", "end": "00:15:20", "text": "never had any participation in even knowing existed because I'll look at I'll see a trade that he's posting. I'm"}, {"start": "00:15:20", "end": "00:15:26", "text": "like, I would never take that trade. And I'm like, I'm going to listen to this quant. I take the trade. 15 minutes."}, {"start": "00:15:26", "end": "00:15:32", "text": "Bam, up 20%. It's just it's it's they're looking at stuff that we would have"}, {"start": "00:15:32", "end": "00:15:39", "text": "never even been aware of. So, it's uh it's good to have your own strategy, but it's also good to utilize tools that"}, {"start": "00:15:39", "end": "00:15:46", "text": "these major players are basically utilizing as well, which is, you know, deep access to order book, order flow,"}, {"start": "00:15:46", "end": "00:15:52", "text": "uh capital, uh all these things beyond just looking at the MACD and RSI and your your falling wedge pattern that's"}, {"start": "00:15:52", "end": "00:15:58", "text": "going to break out 17.3%. It's almost like the old school trading"}, {"start": "00:15:58", "end": "00:16:05", "text": "methods that these robots got trained how we were using now are being used"}, {"start": "00:16:05", "end": "00:16:10", "text": "against traders who just can't break out of that paradigm. So um just a definite"}, {"start": "00:16:10", "end": "00:16:18", "text": "thing to keep in mind and the world might end if Nvidia falls. Nvidia's founder Jensen Hang says that the whole"}, {"start": "00:16:18", "end": "00:16:24", "text": "world would have fallen apart if Nvidia missed its earnings expectations."}, {"start": "00:16:24", "end": "00:16:31", "text": "Sounds super safe, right? This is where I mean Nvidia $5 trillion market cap."}, {"start": "00:16:31", "end": "00:16:37", "text": "What is the stock looking like today? This is where their order their their earnings came in. They opened the next"}, {"start": "00:16:37", "end": "00:16:44", "text": "they opened up here that same day. Psych [ __ ] took a 8% drop. That 8% drop"}, {"start": "00:16:44", "end": "00:16:51", "text": "doesn't seem like a lot, but an 8% drop on a four and a half trillion dollar company is a larger drop than the entire"}, {"start": "00:16:51", "end": "00:17:00", "text": "market cap of the altcoins, right? Absolutely. And now the consolidation of the S&P 500 into the"}, {"start": "00:17:00", "end": "00:17:05", "text": "MAG7 is a deeper concentration than we've ever seen in American history. In"}, {"start": "00:17:05", "end": "00:17:11", "text": "our entire markets history, the Wall Street has never been more concentrated"}, {"start": "00:17:11", "end": "00:17:16", "text": "than it is right now. Um, absolutely crazy. So, thinking about"}, {"start": "00:17:16", "end": "00:17:22", "text": "it's been a critical juncture, too. It's pulled all the way back and I drew this line about two weeks ago. It's pulled"}, {"start": "00:17:22", "end": "00:17:27", "text": "back down to this previous range high, but the meat the meat of the liquidity"}, {"start": "00:17:27", "end": "00:17:33", "text": "isn't this line. I mean, that's one candle. The meat of the liquidity is through here, which is a pretty, you"}, {"start": "00:17:33", "end": "00:17:39", "text": "know, it's a pretty decent drop, you know. Uh, let's see what that is. It's still a that would be an additional"}, {"start": "00:17:39", "end": "00:17:44", "text": "three three four% down into this zone. Uh, which would be pretty major."}, {"start": "00:17:44", "end": "00:17:49", "text": "Yeah. And the banks that are connected to this AI hype cycle are not immune to"}, {"start": "00:17:49", "end": "00:17:55", "text": "this. Soft Bank is at risk. So this is Coinbase Duck highlighting originally"}, {"start": "00:17:55", "end": "00:18:00", "text": "the start of AI weakness on November 4th. This is something he called out"}, {"start": "00:18:00", "end": "00:18:07", "text": "previously the start of AI weakness will be shown on the Soft Bank chart. Alpha"}, {"start": "00:18:07", "end": "00:18:14", "text": "is always somewhere else. Now this is at the time SoftBank was just ripping. Why would he think that uh this isn't, you"}, {"start": "00:18:14", "end": "00:18:22", "text": "know, going to go up and to the right? puts up his next update and now Lord love a duck softbank is falling"}, {"start": "00:18:22", "end": "00:18:29", "text": "drastically and so there is some sort of internal intrinsic weakness with the AI"}, {"start": "00:18:29", "end": "00:18:34", "text": "bubble that is showing is it short-lived maybe but we also have pressures from"}, {"start": "00:18:34", "end": "00:18:43", "text": "Japan they're entering a stimulus package deal that will have an overall economic impact of $265 billion the"}, {"start": "00:18:43", "end": "00:18:49", "text": "Japanese yen fell to its weakest level against the dollar since January 2025."}, {"start": "00:18:49", "end": "00:18:54", "text": "Pandemic like stimulus on the way. Now, the problem is, is the stimulus going to"}, {"start": "00:18:54", "end": "00:19:00", "text": "be going into the risk market or is it going to be patching up holes in this"}, {"start": "00:19:00", "end": "00:19:06", "text": "right here? Right. This is that's the big question here, Kelly. Um, another"}, {"start": "00:19:06", "end": "00:19:14", "text": "thing I want, can you bring up the DXY? Cuz remember we were looking at the DXY and it was developing that uh that W"}, {"start": "00:19:14", "end": "00:19:21", "text": "pattern and we were I was worried it was going to pump from that W pattern. Where is the it's at a absolutely critical"}, {"start": "00:19:21", "end": "00:19:26", "text": "juncture. Uh, this is a daily, but let's zoom out on this. What is this line?"}, {"start": "00:19:26", "end": "00:19:34", "text": "What is this line? Well, turns out the one below us, this is an 18-year trend line, 18-year support. uh and it did"}, {"start": "00:19:34", "end": "00:19:41", "text": "bounce off that beautiful W pattern. And now we have this downtrend resistance that goes back to October 2022."}, {"start": "00:19:41", "end": "00:19:48", "text": "Rejection, rejection, rejection, support. And here we are again. Look at that price action. It is sitting I mean"}, {"start": "00:19:48", "end": "00:19:55", "text": "it's struggle busing right now. This would be not good. Uh if this breaks out and starts making a even if it's a false"}, {"start": "00:19:55", "end": "00:20:02", "text": "break, I don't want to call it false, but a move like this. I mean look at how much time this took. This is"}, {"start": "00:20:02", "end": "00:20:09", "text": "157 days, basically half a year. So, if this does break out, I'm not saying it's going to be another half a year, but as"}, {"start": "00:20:09", "end": "00:20:15", "text": "bullish as I want to be, and I still am on the macro. By the way, check out the video that's coming out Sunday. It's"}, {"start": "00:20:15", "end": "00:20:22", "text": "really breaking down what's going on right now. Uh some cautionary things, but uh why I think there's a major trap"}, {"start": "00:20:22", "end": "00:20:28", "text": "underway. uh because if this does break out from here, this would further substantiate that idea that we may be"}, {"start": "00:20:28", "end": "00:20:36", "text": "having a lot of trouble in risk markets, which is crypto uh specifically and stock. Um probably in through at least"}, {"start": "00:20:36", "end": "00:20:41", "text": "the end of January, maybe even the end of February, right? So this we're kind of at a critical juncture with the"}, {"start": "00:20:41", "end": "00:20:46", "text": "dollar kind of sniffing that out right now. A few months back or a month ago when me and you looked at this, you had the"}, {"start": "00:20:46", "end": "00:20:52", "text": "option of up or down. It does not seem that it's choosing the down path. um it"}, {"start": "00:20:52", "end": "00:20:58", "text": "seems like it wants to pump out of that triangle and then do a vibe check on that trend line. That's kind of what I"}, {"start": "00:20:58", "end": "00:21:04", "text": "see. So, you know, I don't think the beatings have come to a close and really"}, {"start": "00:21:04", "end": "00:21:12", "text": "in this market there are many many people that are trading uh trades with old school methods. Maki brother got"}, {"start": "00:21:12", "end": "00:21:20", "text": "fully liquidated. His account is down to $15,000 and his total losses exceed $20 million."}, {"start": "00:21:20", "end": "00:21:27", "text": "He really needs to get in our Discord. He needs his own Chinese quant. This is how we survive. Very, very thankful for"}, {"start": "00:21:27", "end": "00:21:32", "text": "our Discord. So, now we look at the liquidation heat map here. It's never"}, {"start": "00:21:32", "end": "00:21:38", "text": "been this skewed. There have quite literally been 99% of investors"}, {"start": "00:21:38", "end": "00:21:44", "text": "destroyed that were long in any way, shape, or form. Leverage traders or holders. This is a wipeout to the level"}, {"start": "00:21:44", "end": "00:21:49", "text": "that has never been witnessed before. right now, $400 million in long"}, {"start": "00:21:49", "end": "00:21:56", "text": "liquidations, $12 billion in short liquidations to be had, and the only way"}, {"start": "00:21:56", "end": "00:22:02", "text": "up, and that is only up to $103,000. So, if we get a fake pump and a failed"}, {"start": "00:22:02", "end": "00:22:09", "text": "deadcap bounce from this $80,000 spot, that's going to wipe out $12 billion,"}, {"start": "00:22:09", "end": "00:22:14", "text": "which is a lot of money. Um, there's 30 times the amount of shorts than longs"}, {"start": "00:22:14", "end": "00:22:23", "text": "right now. Absolutely insane. I mean, this is we we really need to take a gander at this. So, this side is who's"}, {"start": "00:22:23", "end": "00:22:29", "text": "long and then this side is who's short right now. Massively skewed metrics. And"}, {"start": "00:22:29", "end": "00:22:35", "text": "this is where, like you you said it this morning, it's like I wouldn't like we're looking at these range lows and we're"}, {"start": "00:22:35", "end": "00:22:40", "text": "like, we're getting another short signal. This is sketchy. It's not something I"}, {"start": "00:22:40", "end": "00:22:48", "text": "would be doing, but we've been taking the trades. I've had three or four days in a row of multiple 50% trades, a lot"}, {"start": "00:22:48", "end": "00:22:53", "text": "of new tether, a lot of new buying power. So, I do emphasize you guys,"}, {"start": "00:22:53", "end": "00:23:01", "text": "please, for the love of God, just go check it out. Start small. Save yourself. Okay, that's uh absolutely"}, {"start": "00:23:01", "end": "00:23:07", "text": "something I feel very very strongly about right now. Realize losses are going nuts. Look at this. So, realize"}, {"start": "00:23:07", "end": "00:23:14", "text": "losses on Bitcoin have surged to levels that were last seen during the FTX collapse. short-term holders driving the"}, {"start": "00:23:14", "end": "00:23:20", "text": "bulk of capitulation. Do you think the tourists are completely shaken out by now though, Kelly? Like"}, {"start": "00:23:20", "end": "00:23:25", "text": "what are your thoughts on that? No, I don't. What's interesting to me though is that metric they showed on the"}, {"start": "00:23:25", "end": "00:23:31", "text": "discover crypto morning show which is the prices and I I talked about this two"}, {"start": "00:23:31", "end": "00:23:37", "text": "weeks ago watching the cost basis which means the average price of every uh"}, {"start": "00:23:37", "end": "00:23:43", "text": "position taken for the ETF like in the average ETF cost basis if you look at"}, {"start": "00:23:43", "end": "00:23:50", "text": "the price of Bitcoin during every purchase of the representative stock that bought the Bitcoin that average"}, {"start": "00:23:50", "end": "00:23:55", "text": "price uh it sits around $79,500. 00 basically 80,000 bucks and price is now"}, {"start": "00:23:55", "end": "00:24:00", "text": "testing that which is going to be interesting now to watch the the sort of"}, {"start": "00:24:00", "end": "00:24:07", "text": "Bitcoin tangental players these people that have bought proxies uh how many institutional retail mom and pop etc"}, {"start": "00:24:07", "end": "00:24:14", "text": "that have waited for the ETF that are now really kind of enduring riding under the price that they that they bought are"}, {"start": "00:24:14", "end": "00:24:21", "text": "we going to see a capitulation uh really come in in that sort because you know there's tens of billions I think it's"}, {"start": "00:24:21", "end": "00:24:27", "text": "it's it's like 200 billion ion dollar or something ridiculous now of money that's in the ETF. So, if we do see a swing on"}, {"start": "00:24:27", "end": "00:24:33", "text": "those, then then it's going to be bad. But, it's nice to see that a big portion of"}, {"start": "00:24:33", "end": "00:24:39", "text": "the ETF uh money that's come in uh has has been a huge amount of institutional"}, {"start": "00:24:39", "end": "00:24:45", "text": "money buying exposure through the ETF. So, that it's it's kind of a"}, {"start": "00:24:45", "end": "00:24:53", "text": "it's a mixed bag. We're living in the upside down. It's a mixed bag for sure. Now we got Black Rockck sending another 4,198"}, {"start": "00:24:53", "end": "00:24:58", "text": "Bitcoin to Coinbase Prime once again. Dude, dude, remember what I showed you"}, {"start": "00:24:58", "end": "00:25:03", "text": "this morning? We don't need to read this whole thing, okay? It's not you. Every one of you out"}, {"start": "00:25:03", "end": "00:25:08", "text": "there, you think you're struggling with the market? Black Rockck has a fund, an"}, {"start": "00:25:08", "end": "00:25:16", "text": "investment fund. I'll tell you TLDDR on this. They they called all their people say, \"Hey, man. Uh, we're going to wave"}, {"start": "00:25:16", "end": "00:25:23", "text": "your fee. Uh, because we ain't making no freaking money, man. We don't know what the So, the the biggest players on the"}, {"start": "00:25:23", "end": "00:25:31", "text": "planet have investment strategies that they're going, I don't know what the hell is going on."}, {"start": "00:25:31", "end": "00:25:38", "text": "So, it's not you alone. You didn't buy and it dropped and you didn't sell and it went up. The biggest players in the world right"}, {"start": "00:25:38", "end": "00:25:44", "text": "now are going, I don't know what the Oh, hold on. You can say it. Go say it."}, {"start": "00:25:44", "end": "00:25:51", "text": "I don't know what the All right, there we go. Uh, yeah. So, and someone's asking in"}, {"start": "00:25:51", "end": "00:25:57", "text": "the where's the Discord link? Here's the Discord link. It is free to get in. Um, you just got to sign up through Blofin."}, {"start": "00:25:57", "end": "00:26:02", "text": "Trade through Blofin. Um, trade through Blofin. Keep our quant happy. And we are"}, {"start": "00:26:02", "end": "00:26:09", "text": "going to print our way out of this situation with a lot more Tether. The exciting part is as the price of Bitcoin"}, {"start": "00:26:09", "end": "00:26:14", "text": "goes down, we can earn Tether and buy cheaper Bitcoin along the way down. So,"}, {"start": "00:26:14", "end": "00:26:20", "text": "um, I learned how to trade next to Frankie Candles, who in my opinion is one of the best traders out there, and"}, {"start": "00:26:20", "end": "00:26:27", "text": "that's how he did it. What you got, K? Well, a reminder, and I'm not trying to be bullish, it's literally just a"}, {"start": "00:26:27", "end": "00:26:33", "text": "reminder of what's going on in the market. when we saw 2017 crash, actually"}, {"start": "00:26:33", "end": "00:26:40", "text": "the run from $200 actually all the way up to about 20,000. And uh you know"}, {"start": "00:26:40", "end": "00:26:47", "text": "what? Bitcoin was down almost 60% on Thanksgiving. And yet December's peak"}, {"start": "00:26:47", "end": "00:26:53", "text": "only a few weeks later was the market cycle high. So will we get that? It"}, {"start": "00:26:53", "end": "00:27:00", "text": "doesn't look like we're going to get that this time around. we could, but the liquidity conditions as it stands right"}, {"start": "00:27:00", "end": "00:27:06", "text": "now and the constrictions on risk suggest it's it's far from likely we're going to get a new all-time high into"}, {"start": "00:27:06", "end": "00:27:12", "text": "the end of the year. But the point here is things move very quickly and all of this can be resolved if they start if"}, {"start": "00:27:12", "end": "00:27:17", "text": "they come up with the new continuing resolution aka we the the can kick to"}, {"start": "00:27:17", "end": "00:27:23", "text": "January 30th is sorted before then because it could be it doesn't have to go to that deadline then I think we see"}, {"start": "00:27:23", "end": "00:27:29", "text": "this pick is turned back on if we have to wait all the way till then and then a potential never another another government shutdown it's not until we"}, {"start": "00:27:29", "end": "00:27:35", "text": "get a new continuing resolution that gives clarity for beyond you know several quarters aka about a year is"}, {"start": "00:27:35", "end": "00:27:41", "text": "when how long they do those uh it's about how long they do CRS, right? Yeah, it is."}, {"start": "00:27:41", "end": "00:27:47", "text": "And I like this really in my opinion, I feel like it is going to be a shorter bare market. Like"}, {"start": "00:27:47", "end": "00:27:52", "text": "my thoughts uh are kind of echoed by Coinbase duck, which gives me some great"}, {"start": "00:27:52", "end": "00:27:58", "text": "great confluence. I feel like this is a Coinbase insider or something. If the bare market hasn't already started, this"}, {"start": "00:27:58", "end": "00:28:06", "text": "is just a correction. We are close to a decent bounce here. If we are headed to a bare market, we are over halfway there"}, {"start": "00:28:06", "end": "00:28:11", "text": "already. Time to join me in the pump. I'm ready. Now, current Bitcoin"}, {"start": "00:28:11", "end": "00:28:17", "text": "correction. He highlights here negative 30% cryptoep. This has been the bottom"}, {"start": "00:28:17", "end": "00:28:25", "text": "type correction percentage in the past. And I highlighted this each one of these were like 30 32% uh rock backs. Now, I"}, {"start": "00:28:25", "end": "00:28:31", "text": "person I have my own personal opinion about this and I think it's it's fair for me to share this and I have I'm"}, {"start": "00:28:31", "end": "00:28:37", "text": "standing on my business on this. So, I'm just going to kind of shoot straight with you on what I think is going to"}, {"start": "00:28:37", "end": "00:28:43", "text": "happen here, guys. So, we'll go to a weekly time frame on Bitcoin."}, {"start": "00:28:43", "end": "00:28:50", "text": "And these uh market cipher signals basically have shown me no alpha for the"}, {"start": "00:28:50", "end": "00:28:56", "text": "last three or four months. So, I'm going to go ahead and hide that because they don't mean anything right now. Uh, but"}, {"start": "00:28:56", "end": "00:29:04", "text": "they're great in these type environments, not so great as we roll over. So, where I think we are headed is"}, {"start": "00:29:04", "end": "00:29:09", "text": "about 68 $70,000. I think that there's a likelihood of a good deadcat bounce"}, {"start": "00:29:09", "end": "00:29:17", "text": "within the guts of this zone right here. There's a lot of volume that happened between 80 to $85,000 which could"}, {"start": "00:29:17", "end": "00:29:25", "text": "absolutely create a trampoline type movement and we could get a deadcat bounce and then bam. This is actually"}, {"start": "00:29:25", "end": "00:29:32", "text": "what I think's going to go down. And in this environment, it's okay to sit on"}, {"start": "00:29:32", "end": "00:29:39", "text": "your hands. If you have that I that wisdom to know all of these assets"}, {"start": "00:29:39", "end": "00:29:47", "text": "across the planet are going to zero against Bitcoin, crypto is going to crash. And this is"}, {"start": "00:29:47", "end": "00:29:53", "text": "I'm a guilty as charge like on the space last night was like I don't trade and I get wrecked trading. Like I love"}, {"start": "00:29:53", "end": "00:29:59", "text": "trading. I absolutely love trading and it's kept me very active, very profitable all along the way to this"}, {"start": "00:29:59", "end": "00:30:06", "text": "point that we're at right now. Now, my last most profitable zone was when we hit this $75,000 mark and I was able to"}, {"start": "00:30:06", "end": "00:30:11", "text": "long with confluence feeling like there was still time in the bull market. Now,"}, {"start": "00:30:11", "end": "00:30:20", "text": "what I'm essentially doing, I just invert the I invert the chart. Okay, my brain is trained to look for upside and"}, {"start": "00:30:20", "end": "00:30:25", "text": "to the right side. And so I flip it. Um,"}, {"start": "00:30:25", "end": "00:30:31", "text": "and what I see is running into turbulence here. Fake little bounce."}, {"start": "00:30:31", "end": "00:30:38", "text": "Bam. Zip right there. And then I do feel like this zone right here is going to be"}, {"start": "00:30:38", "end": "00:30:44", "text": "rock solid support for Bitcoin. So that is what I essentially think is going to"}, {"start": "00:30:44", "end": "00:30:51", "text": "go down. Um, dude, Frankie Kel, we talk to him all the time. Doesn't he watch your dog? doesn't freaking my dog"}, {"start": "00:30:51", "end": "00:30:57", "text": "periodically. Um, but you know, I wanted to talk about, you know, your your the movement down to that level and people"}, {"start": "00:30:57", "end": "00:31:03", "text": "just don't think it's going to happen uh or they're worried. You know, the truth is everybody says the sellers are"}, {"start": "00:31:03", "end": "00:31:09", "text": "exhausted. Well, this is the sellers. This is the sellers right now. Every time you think it's got to find a"}, {"start": "00:31:09", "end": "00:31:14", "text": "bottom, the like it's like my what kills me is the guy that does the backflip uh"}, {"start": "00:31:14", "end": "00:31:23", "text": "like right in the middle of them. He's like right here. Hold on. You ready? Uh boom, boom, boom. and let's go back."}, {"start": "00:31:23", "end": "00:31:30", "text": "That is what that is what it feels like though, right? And aren't we so lucky to have Wall Street here? We exposed it on"}, {"start": "00:31:30", "end": "00:31:36", "text": "this channel that the buys are OTC. You don't get the upside from the ETF buys,"}, {"start": "00:31:36", "end": "00:31:44", "text": "but the sells, they're on the um on the market, so you get that shotgun shell to the downside. Aren't we so lucky to have"}, {"start": "00:31:44", "end": "00:31:50", "text": "uh Wall Street here with us? It's been a joy. Now, this is something kind of crazy. I think my pops was bringing this"}, {"start": "00:31:50", "end": "00:31:56", "text": "up. Um, I'm going to get Frankie back on the stream. He's always busy doing his stuff, but I'm going to get him back."}, {"start": "00:31:56", "end": "00:32:02", "text": "Don't you worry about that. Now, Shanaka, Wall Street just banned Bitcoin"}, {"start": "00:32:02", "end": "00:32:08", "text": "companies from the stock market. January 15, 2026, he says to mark it down."}, {"start": "00:32:08", "end": "00:32:13", "text": "Strategy he's saying is going to get deleted from every major index on"}, {"start": "00:32:13", "end": "00:32:19", "text": "January 15th. $9 billion in four cells follow automatically in his"}, {"start": "00:32:19", "end": "00:32:26", "text": "automatically the biggest financial exile in human history in modern history happens in 55 days and almost no one"}, {"start": "00:32:26", "end": "00:32:32", "text": "knows what's coming. Here's what he's talking about. So Michael Sailor spent 5 years building a machine buying Bitcoin"}, {"start": "00:32:32", "end": "00:32:39", "text": "with shareholder money. Stock prices go up, raise more money, buy more Bitcoin, repeat. It did work flawlessly. Strategy"}, {"start": "00:32:39", "end": "00:32:45", "text": "accumulated 649,000 Bitcoin worth 57 billion today. They became the largest"}, {"start": "00:32:45", "end": "00:32:52", "text": "corporate Bitcoin holder on planet Earth. And there Shinaka is thinking that the machine just broke. MSCI's rule"}, {"start": "00:32:52", "end": "00:33:00", "text": "is simple. When the cryptocurrency exceeds 50% of your assets, you're not a company, you're a fund. So there's some"}, {"start": "00:33:00", "end": "00:33:07", "text": "interesting difference here. Strategy at 77%. They crossed the line months ago. Octo"}, {"start": "00:33:07", "end": "00:33:13", "text": "on January 15th, every pension fund and index tracker that owns strategy and the"}, {"start": "00:33:13", "end": "00:33:19", "text": "stock must sell. Not because they want to, but because the index forces them to. Algorithms do not negotiate. The"}, {"start": "00:33:19", "end": "00:33:25", "text": "premium is already dead. Strategy used to trade 2.5 times the value in Bitcoin."}, {"start": "00:33:25", "end": "00:33:31", "text": "That premium let Sailor raise 20 extra billion dollar. Now it trades at 1.1"}, {"start": "00:33:31", "end": "00:33:36", "text": "times. The market already priced in the funeral five-year experiment where companies could disguise Bitcoin buying"}, {"start": "00:33:36", "end": "00:33:43", "text": "as corporate strategy just ended. Wall Street drew a permanent line and Bitcoin is its own asset class."}, {"start": "00:33:43", "end": "00:33:49", "text": "Drew, we're boring the [ __ ] out of everybody. What is this saying? What's the TLDDR and what's the what's what's"}, {"start": "00:33:49", "end": "00:33:55", "text": "the outcome? I don't think that we should be bored because we're talking about something that absolutely can punch Bitcoin's"}, {"start": "00:33:55", "end": "00:34:02", "text": "price into the guts of this zone here. So the strategy concerns, I think that"}, {"start": "00:34:02", "end": "00:34:08", "text": "if he is going to be at 77% Bitcoin, that's one thing that could be did"}, {"start": "00:34:08", "end": "00:34:15", "text": "listed and get that shotgun shell to the downside. But the the hyperbole here is when people are saying that the debt is"}, {"start": "00:34:15", "end": "00:34:22", "text": "going to be forced to be paid early. This is from finance law and the claim is essentially not accurate. There is no"}, {"start": "00:34:22", "end": "00:34:28", "text": "provision in strategies convertible note terms that allows holders to execute or"}, {"start": "00:34:28", "end": "00:34:33", "text": "force repurchases and redemptions. And this is something that we need to take"}, {"start": "00:34:33", "end": "00:34:41", "text": "into account. I really don't feel like uh you know this is that boring to me"}, {"start": "00:34:41", "end": "00:34:47", "text": "because this creates the storm that can absolutely punch us into the guts of this zone"}, {"start": "00:34:47", "end": "00:34:55", "text": "where I do think price will hold up and I do think that there is a buy wall there very strong at $65,000. I think"}, {"start": "00:34:55", "end": "00:35:02", "text": "it's going to be the line in the sand for us but this shakeup coming in January could absolutely punch us in the"}, {"start": "00:35:02", "end": "00:35:08", "text": "guts down to that level. Shinaka is talking about a reset coming and corporate treasuries that can hold"}, {"start": "00:35:08", "end": "00:35:15", "text": "Bitcoin as one asset among many. Build your entire strategy around it might be the problem. And Wall Street just showed"}, {"start": "00:35:15", "end": "00:35:22", "text": "you the exit door. So this is something that's on my mind. Um and really I have"}, {"start": "00:35:22", "end": "00:35:28", "text": "to be very very clear here. The best person in my entire trading history of"}, {"start": "00:35:28", "end": "00:35:36", "text": "telling me when to take profits, predicting things about people and about companies, is begging me to warn you"}, {"start": "00:35:36", "end": "00:35:41", "text": "about the implications of strategy. I know that there's a lot of padding and a"}, {"start": "00:35:41", "end": "00:35:47", "text": "lot of talk that it's all going to be okay, but I am implored to come out here"}, {"start": "00:35:47", "end": "00:35:53", "text": "and say these things to you because this person is honestly the best trader I've"}, {"start": "00:35:53", "end": "00:35:58", "text": "ever [ __ ] met. So, um, take it with a grain of salt. I have to say it, you"}, {"start": "00:35:58", "end": "00:36:04", "text": "know, and maybe that scares some people. The idea of this unwinding excites the hell out of me because I looked at these"}, {"start": "00:36:04", "end": "00:36:11", "text": "giant bags of Bitcoin as a systemic risk. I look at BlackRock holding the amount of Bitcoin they hold as a"}, {"start": "00:36:11", "end": "00:36:16", "text": "systemic risk. I look at strategy and being bought by Black Rockck State"}, {"start": "00:36:16", "end": "00:36:24", "text": "Street and owned by those same small caps is a systemic risk and I want Bitcoin to be for the people and not for"}, {"start": "00:36:24", "end": "00:36:30", "text": "Wall Street and I hope they get the off my lawn immediately. So this is"}, {"start": "00:36:30", "end": "00:36:35", "text": "something that matters quite a bit to me. I know that price went up to a"}, {"start": "00:36:35", "end": "00:36:43", "text": "degree with ETFs, but a big big pullback of this would create a generational"}, {"start": "00:36:43", "end": "00:36:48", "text": "buying opportunity for me once again. Um I think have more of an impact on"}, {"start": "00:36:48", "end": "00:36:54", "text": "strategy. I don't think it would have that big of an impact on Bitcoin. You think so? What is the strategy? Um,"}, {"start": "00:36:54", "end": "00:37:00", "text": "can you pull up the strategy chart and can we kind of analyze that because I know it had a a huge dump, but I haven't"}, {"start": "00:37:00", "end": "00:37:07", "text": "looked at the chart in a bit. And honestly, we should look at strategies chart and then coin or coin and circle"}, {"start": "00:37:07", "end": "00:37:15", "text": "because those things have pulled back huge. So, strategies back down to the level"}, {"start": "00:37:15", "end": "00:37:20", "text": "that if you're looking at Bitcoin, that 74k level, it's already there,"}, {"start": "00:37:20", "end": "00:37:28", "text": "right? in terms of the relationship of where the price was. Remember in March of 2024 that set 74k top on Bitcoin."}, {"start": "00:37:28", "end": "00:37:35", "text": "This is already there. This might be a leading signal for what we may see come to Bitcoin. Um but it kind of depends. I"}, {"start": "00:37:35", "end": "00:37:42", "text": "mean we are seeing a softening of the RSI coming in here that that you know downward velocity. Um I mean I don't"}, {"start": "00:37:42", "end": "00:37:49", "text": "it's it's hard to give a judgment on what's going to happen next but it's right in this very critical zone right"}, {"start": "00:37:49", "end": "00:37:54", "text": "in here. Um, I think people will price in going into was it January 15th? Is that what you said?"}, {"start": "00:37:54", "end": "00:38:01", "text": "Yeah, January 15th. So, it'll be interesting to watch what happens with this going into there. Circle on the other hand, uh, is"}, {"start": "00:38:01", "end": "00:38:06", "text": "basically $11 above its listing price."}, {"start": "00:38:06", "end": "00:38:14", "text": "It's done its complete complete round trip here. Jet 2 Holiday. I look at this as a buy. Like I feel"}, {"start": "00:38:14", "end": "00:38:19", "text": "like Circle's going to be around, you know, like that chart on Circle makes me"}, {"start": "00:38:19", "end": "00:38:25", "text": "want to buy it. Um, one more chart while we're on these subjects. If could we"}, {"start": "00:38:25", "end": "00:38:30", "text": "look at Coin, the Coinbase stock because I feel like uh Coinbase is going to be"}, {"start": "00:38:30", "end": "00:38:37", "text": "doing some really, really big things at the beginning of next year. Let's see. That's actually not that bad."}, {"start": "00:38:37", "end": "00:38:42", "text": "Let me see here. We're at 244 right now."}, {"start": "00:38:42", "end": "00:38:49", "text": "God, don't these usually break down those rising channels? They do, but you also have rising"}, {"start": "00:38:49", "end": "00:38:55", "text": "channels that go into continuation. Um, yeah. I mean, I mean, RSI, look, RSI"}, {"start": "00:38:55", "end": "00:39:01", "text": "here is the last time it was this low was here. Boom. On that massive bounce."}, {"start": "00:39:01", "end": "00:39:06", "text": "The time before that all the way back here. Okay. Okay."}, {"start": "00:39:06", "end": "00:39:11", "text": "There's a lot of weakness across that board."}, {"start": "00:39:11", "end": "00:39:18", "text": "Ethereum's also taking a pretty big spill back into the green zone. Holy moly. What's ETH Bitcoin look like? I"}, {"start": "00:39:18", "end": "00:39:24", "text": "mean, it's trying to look at this trying to hold up in that zone. That's why when you look at the Bitcoin dominance, uh,"}, {"start": "00:39:24", "end": "00:39:29", "text": "surprisingly, this still looks like it's I mean, still breaking down. Um, money"}, {"start": "00:39:29", "end": "00:39:36", "text": "flow out, RSI down, way sub 50. Uh, I'd be cautious here to watch some sort of"}, {"start": "00:39:36", "end": "00:39:41", "text": "bounce on the dominance uh like that or the actual move back up like this, which"}, {"start": "00:39:41", "end": "00:39:46", "text": "would be a death sentence to altcoins. Yeah, you know about the dominance"}, {"start": "00:39:46", "end": "00:39:52", "text": "pulling back. Maybe the alt season we're actually going to get as Bitcoin dominance just drops with the price of"}, {"start": "00:39:52", "end": "00:39:59", "text": "Bitcoin as people ladder into stable coins. But dropping harder than chain"}, {"start": "00:39:59", "end": "00:40:05", "text": "link and we just drop less than Well, here's the deal though, dude. Check it out. It's I mean this is a wild"}, {"start": "00:40:05", "end": "00:40:13", "text": "thing is Sorry. Sorry. I'll I'll undo it for you. This is dominance minus tether. So"}, {"start": "00:40:13", "end": "00:40:20", "text": "dominance minus tether. It's not like stable coins are propping up the dominance any way. Dominance minus"}, {"start": "00:40:20", "end": "00:40:26", "text": "stether meaning you're not accounting for tether in the market caps. Uh this is this is falling quite a bit further."}, {"start": "00:40:26", "end": "00:40:33", "text": "I mean look see this is way up here. This is a low way up here. This is minus stable coins. Boom. I mean this is"}, {"start": "00:40:33", "end": "00:40:40", "text": "right. That's a good chart. I'm glad you brought up that chart in in specific. So, this is not counting any of the"}, {"start": "00:40:40", "end": "00:40:46", "text": "stable coins that people are moving their Bitcoin into. This is But if you need hope, everybody,"}, {"start": "00:40:46", "end": "00:40:53", "text": "remember, Bitcoin is at 13,224,000 Japanese yen. But, but we still got"}, {"start": "00:40:53", "end": "00:40:59", "text": "those high numbers. This is huge. This is absolutely huge. Now, I you know me, I got to cover my"}, {"start": "00:40:59", "end": "00:41:05", "text": "chain stuff. And I'm actually, if you know, tomorrow's the day. Tomorrow's the day."}, {"start": "00:41:05", "end": "00:41:11", "text": "Also, look at this. A link between worlds. Chris Barrett"}, {"start": "00:41:11", "end": "00:41:16", "text": "shared this. The Legends of Zelda, A Link Between Worlds. Are we talking"}, {"start": "00:41:16", "end": "00:41:21", "text": "chain link integration? Uh maybe a video game release involving Swift community"}, {"start": "00:41:21", "end": "00:41:28", "text": "and their 11,000 banks. Tomorrow, Swift goes live and goes into full action with"}, {"start": "00:41:28", "end": "00:41:33", "text": "ISO 200022 messaging standards. Now, this is"}, {"start": "00:41:33", "end": "00:41:40", "text": "happening on the 22nd of November. I did a video on discover crypto yesterday"}, {"start": "00:41:40", "end": "00:41:47", "text": "that highlights there is a given time frame where they could actually begin to implement CCIP."}, {"start": "00:41:47", "end": "00:41:54", "text": "But the ISO standards brings better data, better compliance and improved automation preparation key to avoid the"}, {"start": "00:41:54", "end": "00:42:01", "text": "naked messages and operational delays. And this is from Swift themselves directly. Be prepared for the weekend."}, {"start": "00:42:01", "end": "00:42:10", "text": "All Finn and Finn plus users strongly advised not to send any messages from Saturday 15 GMT till Sunday 5 GMT and"}, {"start": "00:42:10", "end": "00:42:15", "text": "check the Swift knowledge base for full details, troubleshooting guides, and contingency processing information. Now,"}, {"start": "00:42:15", "end": "00:42:21", "text": "this is a organization that sends the most amount of money anywhere on planet"}, {"start": "00:42:21", "end": "00:42:29", "text": "Earth. Now there is another altcoin connected in with chain link in this consortium of words with swift and chain"}, {"start": "00:42:29", "end": "00:42:36", "text": "link and that project I've been buying and I actually feel like I'm going to buy this thing all the way down in this"}, {"start": "00:42:36", "end": "00:42:44", "text": "bare market that we're looking at is Lana. Now this thing is god awful on the charts. I think I got in at about 12.012"}, {"start": "00:42:44", "end": "00:42:50", "text": "012 and let's see where we're so we're at 0"}, {"start": "00:42:50", "end": "00:42:56", "text": "one nine. I mean it has been zipping. My buys my buy points were like right here"}, {"start": "00:42:56", "end": "00:43:04", "text": "and I actually feel like buying a little bit more of this stuff today. You call me crazy but I absolutely love investing"}, {"start": "00:43:04", "end": "00:43:09", "text": "in utility tokens that are standing the potential of being integrated with the"}, {"start": "00:43:09", "end": "00:43:17", "text": "largest payment processor on the planet which is Swift. And those projects are chain link and laneup very under and"}, {"start": "00:43:17", "end": "00:43:22", "text": "what better time Kelly to roll out massive massive upgrades to the plumbing"}, {"start": "00:43:22", "end": "00:43:28", "text": "of the financial system while the things that are part of it look like this. Oh sure I mean incredibly low market cap"}, {"start": "00:43:28", "end": "00:43:35", "text": "and can I sidetrack you for a second just because we drift anything here has such a smart statement he's trying to"}, {"start": "00:43:35", "end": "00:43:40", "text": "slap me on I think a bit and I have to take in USDC dominance also. Okay dude"}, {"start": "00:43:40", "end": "00:43:47", "text": "let's do it. look exactly the [ __ ] same. Okay, hold on. Yeah. Yeah,"}, {"start": "00:43:47", "end": "00:43:54", "text": "I got you. I got you, boo. Well, you got us. You got us. It looks the same. Um, that's actually kind of a good sign"}, {"start": "00:43:54", "end": "00:44:03", "text": "though that some money is staying in alts. That's actually a really, really good sign that some money is staying in alts. Um, and really as we look at the"}, {"start": "00:44:03", "end": "00:44:08", "text": "actual activation of messaging standards that include"}, {"start": "00:44:08", "end": "00:44:16", "text": "crypto to be able to be part of the party, what better time to roll it out as a world bank, as a massive, massive"}, {"start": "00:44:16", "end": "00:44:21", "text": "controller of all of the financial data and movements across the planet Earth."}, {"start": "00:44:21", "end": "00:44:26", "text": "When the chart looks like this, no one's going to touch it. They're going to be completely blindsided by this. So,"}, {"start": "00:44:26", "end": "00:44:32", "text": "whoa, whoa, whoa, whoa, whoa, whoa. What's that? It's got to look like that and have the pedigree of the type of"}, {"start": "00:44:32", "end": "00:44:38", "text": "people that are involved with it that Lana does and have the type of already uh"}, {"start": "00:44:38", "end": "00:44:43", "text": "astronomically important partnerships and integrations that they have already on schedule."}, {"start": "00:44:43", "end": "00:44:48", "text": "I think we need to kind of clarify why I feel strongly about Lana is because"}, {"start": "00:44:48", "end": "00:44:56", "text": "Joseph Luben is a very egotistical old school Ethereum uh founder/whale."}, {"start": "00:44:56", "end": "00:45:04", "text": "He's behind MetaMask. He's behind consensus. He's behind some of the biggest mechanisms in crypto. And Lana"}, {"start": "00:45:04", "end": "00:45:11", "text": "is the only layer 2 project. It's a layer 2 on Ethereum that's built to connect to Chainlink and give Swift the"}, {"start": "00:45:11", "end": "00:45:18", "text": "ability to move money from point A to point B. He's bald, which is bullish as a veteran crypto points out as well. And"}, {"start": "00:45:18", "end": "00:45:25", "text": "this is why this risk bet for me makes sense, especially in this uh current"}, {"start": "00:45:25", "end": "00:45:31", "text": "environment. So, some people calling me crazy. Others will call me lucky after the uh cards end up falling and they"}, {"start": "00:45:31", "end": "00:45:39", "text": "realize what's happened. So, uh Salana's hinting at something big. I better give him a follow here. Now,"}, {"start": "00:45:39", "end": "00:45:45", "text": "Radium is down here. Should I leak the alpha? Salana getting mad. Mr. T, look"}, {"start": "00:45:45", "end": "00:45:50", "text": "back. He's about to slap him. Right. This seems to be something involving a"}, {"start": "00:45:50", "end": "00:45:55", "text": "massive massive DeFi ecosystem upgrade. I want us to look into this a little bit"}, {"start": "00:45:55", "end": "00:46:01", "text": "more. I really really want to find out if this is a massive expansion of Salana"}, {"start": "00:46:01", "end": "00:46:07", "text": "DeFi. But in the realm of Salana DeFi, I have added to those positions as well"}, {"start": "00:46:07", "end": "00:46:12", "text": "with all the mechanisms that make staking possible on Salana. And those things I added where are they at?"}, {"start": "00:46:12", "end": "00:46:20", "text": "Marinade, Camino, and Jetto. So obviously I hold Salana but I just bought a basket of these uh you know"}, {"start": "00:46:20", "end": "00:46:28", "text": "staking mechanisms as well to bolster out the account. You know obviously the most thing that the most adding that I'm"}, {"start": "00:46:28", "end": "00:46:34", "text": "doing right now is in Bitcoin 100%. Another thing that I was laughing about look at uh look at let's just go look at"}, {"start": "00:46:34", "end": "00:46:40", "text": "Sheba Enu real quick because Coin Market Cap I think is is glitching. So we go to"}, {"start": "00:46:40", "end": "00:46:45", "text": "Sheibba and you pull up this chart. It"}, {"start": "00:46:45", "end": "00:46:50", "text": "doesn't look horribly bullish, but if you scroll down to the Sheibba"}, {"start": "00:46:50", "end": "00:47:00", "text": "community, you have 85% bullish reading on community sentiment right now. A 15%"}, {"start": "00:47:00", "end": "00:47:07", "text": "bearish sentiment. Anyone new to crypto, please, for the love of God, do not use these metrics as your bell weather on"}, {"start": "00:47:07", "end": "00:47:13", "text": "whether a project is good or not. Like I know it seems a little easy for us to"}, {"start": "00:47:13", "end": "00:47:18", "text": "understand, Kelly, but it's just something I wanted to highlight. You know, I feel like there's always new"}, {"start": "00:47:18", "end": "00:47:24", "text": "people coming into crypto. And my job, I feel, is to protect people coming in. And we are at trying times, you guys."}, {"start": "00:47:24", "end": "00:47:32", "text": "Most people quit because progress feels quiet. They don't realize the quiet moments are where you become undeniable."}, {"start": "00:47:32", "end": "00:47:37", "text": "And this is from my buddies over at Suede Labs. This is where all that chaotic music that I've been making, I"}, {"start": "00:47:37", "end": "00:47:43", "text": "buy and create it with Salana and I actually own all of the IP rights to all"}, {"start": "00:47:43", "end": "00:47:49", "text": "the music that I make on this protocol. So, if you want to make music and dance to the uh rhythm of the markets going"}, {"start": "00:47:49", "end": "00:47:56", "text": "down, go have some fun. I'm having a hell of a time doing it. And on the political chaos side,"}, {"start": "00:47:56", "end": "00:48:03", "text": "um, we have the Supreme Court handing Trump the immigration equivalent of a nuclear button. In a five to four"}, {"start": "00:48:03", "end": "00:48:10", "text": "ruling, they confirm that he can use the 1798 Alien Enemies Act to treat Trendale"}, {"start": "00:48:10", "end": "00:48:15", "text": "Ragua as it is what it is, an invading foreign force. This means that no more"}, {"start": "00:48:15", "end": "00:48:21", "text": "endless appeals, no more activist judges blocking the deportations and the gang members can be rounded up and shipped"}, {"start": "00:48:21", "end": "00:48:28", "text": "straight to El Salvador's mega prison. A historic win for borders, sovereignty, and law and order in the US. The only"}, {"start": "00:48:28", "end": "00:48:35", "text": "people upset today about open borders are globalists who never thought this day would come and people that were so"}, {"start": "00:48:35", "end": "00:48:42", "text": "used to having underpaid uh illegals that were off. You know what fits there? What's that?"}, {"start": "00:48:42", "end": "00:48:49", "text": "Pretty much. Pretty much. And the political spectrum's heating up. Like Ilan Omar"}, {"start": "00:48:49", "end": "00:48:56", "text": "come in, none of this is normal. And Donald Trump talking about sedicious behavior punishable by death. And all"}, {"start": "00:48:56", "end": "00:49:02", "text": "these he's retweeting uh you know the Washington Examiners and you know this"}, {"start": "00:49:02", "end": "00:49:08", "text": "is Sparta Elon uh of Minnesota. So welcome to Thunderdome. This is one"}, {"start": "00:49:08", "end": "00:49:13", "text": "aspect that I very very much appreciate about what Trump has been doing and"}, {"start": "00:49:13", "end": "00:49:18", "text": "honestly if I am elected president I would increase the movement within this"}, {"start": "00:49:18", "end": "00:49:24", "text": "regard. So um I that's just me. We didn't cover it on the show but honestly"}, {"start": "00:49:24", "end": "00:49:31", "text": "traffic looks pretty good in North Carolina right now. Traffic is looking pretty free and clear. So it's been a"}, {"start": "00:49:31", "end": "00:49:36", "text": "crazy week. It's been a really really crazy week. Um,"}, {"start": "00:49:36", "end": "00:49:44", "text": "where we're at right now is down is probable, but long-term is hope."}, {"start": "00:49:44", "end": "00:49:49", "text": "We have a great partner on the channel, Bitcoin IRA. And for anyone that has the"}, {"start": "00:49:49", "end": "00:49:56", "text": "long-term vision of Bitcoin, I do want to implore you to take a look at their"}, {"start": "00:49:56", "end": "00:50:00", "text": "website and call them at 877-9367175."}, {"start": "00:50:01", "end": "00:50:08", "text": "If you are as convicted as I am in the long-term outlook of Bitcoin, this is a"}, {"start": "00:50:08", "end": "00:50:15", "text": "perfect place as the market has just absolutely taken a gush to go into the"}, {"start": "00:50:15", "end": "00:50:23", "text": "IRA while the asset prices, the profits are very low, get inside the IRA, get"}, {"start": "00:50:23", "end": "00:50:28", "text": "inside the incentives of a tax environment that you get within an IRA"}, {"start": "00:50:28", "end": "00:50:35", "text": "and do your swaps within that protected environment. So, I do implore you, go check them out. And Kelly, you do those"}, {"start": "00:50:35", "end": "00:50:41", "text": "spaces every what is it? Every Thursday night, right, with uh Chris Klein. Yeah, Chris is in there. And we have a"}, {"start": "00:50:41", "end": "00:50:49", "text": "number of other guests. We have Gary Cardone pops in there. Grant Cardone, the real Plan C. Uh Fred Krueger, a lot"}, {"start": "00:50:49", "end": "00:50:54", "text": "of absolute powerhouses. I bring in you, of course. Um and we talk, it's not"}, {"start": "00:50:54", "end": "00:50:59", "text": "talking meme coins. It's not talk, it's talking like like macro alpha and also"}, {"start": "00:50:59", "end": "00:51:05", "text": "in the near-term fear, what real data signals are there? Uh it's always a great conversation. We always have a"}, {"start": "00:51:05", "end": "00:51:12", "text": "couple thousand people tune in and it's a great way to uh you know get some alpha on a Thursday night. Absolutely. And I just in this"}, {"start": "00:51:12", "end": "00:51:20", "text": "environment like take advantage of not having any technical profits on the books, right? Like the chips are down"}, {"start": "00:51:20", "end": "00:51:26", "text": "right now. Honestly, I've been in crypto long enough where the profits are juicy and I'm feeling hilarious and maybe"}, {"start": "00:51:26", "end": "00:51:32", "text": "there's something wrong with me for enjoying this pullback so much. Maybe I got to get my head examined a little"}, {"start": "00:51:32", "end": "00:51:39", "text": "bit. Um, but it is a time frame where you can go into an IRA with very low"}, {"start": "00:51:39", "end": "00:51:45", "text": "profit levels. You pay the taxes on the way in if there's any profits and then on the way out. Dude, what shocked me is"}, {"start": "00:51:45", "end": "00:51:50", "text": "when he brought up the fact that there's like$4 trillion dollars in in 401ks that"}, {"start": "00:51:50", "end": "00:51:56", "text": "have been for people that have left a company and they still have their money in that 401k with that company. Dude,"}, {"start": "00:51:56", "end": "00:52:01", "text": "roll roll carry your your money with you into something you're fully controlling"}, {"start": "00:52:01", "end": "00:52:08", "text": "that you want. you can roll stuff into something like Bitcoin IRA uh if you're a day trader uh or just you want to"}, {"start": "00:52:08", "end": "00:52:14", "text": "trade periodically into it like let's say every three months and ride a bit of an altcoin wave and rotate those profits"}, {"start": "00:52:14", "end": "00:52:20", "text": "into Bitcoin then you're you're shelter you're sheltering yourself in a in a tax advantaged way so you're not paying"}, {"start": "00:52:20", "end": "00:52:27", "text": "those short-term capital gains. Uh, it's it really is something I think a lot of people should look into. And it's not like you're limiting yourself because"}, {"start": "00:52:27", "end": "00:52:33", "text": "you want it all. You can day trade and you should also have something in a long-term structure that also is taxing"}, {"start": "00:52:33", "end": "00:52:40", "text": "manager. So, head over to bitcoinirra.com. Give them a call 18779367175."}, {"start": "00:52:40", "end": "00:52:46", "text": "Let them know Kelly and Drew sent you or discover crypto and they'll I think they're still doing the they may still"}, {"start": "00:52:46", "end": "00:52:51", "text": "be doing the thousand bonus. Uh but they will uh they got people on the on the phones that will chat with you and"}, {"start": "00:52:51", "end": "00:52:59", "text": "they've been around. This isn't like they just launched. They've been around since 2015. We made a custom Bitcoin IRA stocking"}, {"start": "00:52:59", "end": "00:53:05", "text": "for them as well. We're sending to Chris. He got a Bitcoin IRA stocking. Super exciting. Thank you for supporting"}, {"start": "00:53:05", "end": "00:53:11", "text": "us Bitcoin IRA because having channel partners like this allows me to be"}, {"start": "00:53:11", "end": "00:53:16", "text": "brutally honest about all of the market. We have great partners that support us"}, {"start": "00:53:16", "end": "00:53:22", "text": "in this and it allows me to roam free as an unbeholdened man. If I can be ho"}, {"start": "00:53:22", "end": "00:53:29", "text": "holstered up by Arculus, by Bitcoin IRA, by uh you know soon I'm going to have a"}, {"start": "00:53:29", "end": "00:53:35", "text": "great exchange at it. But of course, Blofin has had our back for years at this channel. It's a great exchange. I"}, {"start": "00:53:35", "end": "00:53:40", "text": "do implore you to support our channel partners so that I can continue to bring"}, {"start": "00:53:40", "end": "00:53:46", "text": "you absolute unfiltered alpha. Now, this is something that Oh, yeah. Who is the"}, {"start": "00:53:46", "end": "00:53:52", "text": "hater of the week? I haven't had many haters come through the uh the chat here. Hold on. I haven't been able to"}, {"start": "00:53:52", "end": "00:53:58", "text": "ban anybody. This is This is terrible. Who is this? Where are we go? Swift"}, {"start": "00:53:58", "end": "00:54:04", "text": "doesn't send money. Okay, this is [ __ ] Here you go. You are banned."}, {"start": "00:54:04", "end": "00:54:09", "text": "What kind of [ __ ] planet some people live on? Where are you at in the chat?"}, {"start": "00:54:09", "end": "00:54:15", "text": "Someone find that one. Oh my god. Um, now this is nice to see. This is nice to"}, {"start": "00:54:15", "end": "00:54:21", "text": "see. So, Giga, the meme of Giga has now been shared by the Department of"}, {"start": "00:54:21", "end": "00:54:27", "text": "Homeland Security. Uh, dear criminal illegal aliens, we're gone. It's safe to"}, {"start": "00:54:27", "end": "00:54:34", "text": "come out. Absolutely insane. Absolutely insane. So, I actually kind"}, {"start": "00:54:34", "end": "00:54:40", "text": "of want to be a little bit chaotic right now. I want to look at the giga chart. I'm going to the giga chart."}, {"start": "00:54:40", "end": "00:54:46", "text": "Okay. cuz this thing dumped to like zero and it's trying to make a comeback hard."}, {"start": "00:54:46", "end": "00:54:51", "text": "Let's see here. It's trying to make a comeback. You know why they're trying to"}, {"start": "00:54:51", "end": "00:54:57", "text": "Let's go to the website. Let's see how the website looks cuz that price is if"}, {"start": "00:54:57", "end": "00:55:04", "text": "there's any sort of resurgence on this. If this is one of the memes that's able to live, that would be an absolutely"}, {"start": "00:55:04", "end": "00:55:10", "text": "insane thing. And something that I do have to do is I have to buy some of their protein shakes. So, Giga is"}, {"start": "00:55:10", "end": "00:55:15", "text": "rolling out freaking protein shakes. Uh, where are they at? Yeah, supplements at"}, {"start": "00:55:15", "end": "00:55:21", "text": "Walmart. They're only available in vanilla, of course, but uh I'm going to probably pick me up some of this. I"}, {"start": "00:55:21", "end": "00:55:27", "text": "absolutely uh I want to pick me up some of this. Yeah, Isaac's going to come back being a beast. I'm actually really"}, {"start": "00:55:27", "end": "00:55:33", "text": "really excited about that. I miss that son of a gun very, very much, but he's out there in boot camp getting attacked"}, {"start": "00:55:33", "end": "00:55:42", "text": "by his drill instructor. He's gonna come back an absolute savage. But this is a time where we must also be savages."}, {"start": "00:55:42", "end": "00:55:47", "text": "We were just fine without Black Rockck, without Wall Street, folks. We were"}, {"start": "00:55:47", "end": "00:55:53", "text": "absolutely fine without Wall Street and Black Rockck. Now,"}, {"start": "00:55:53", "end": "00:55:59", "text": "where we're at right now is we've invited Wall Street into bed with us and we are getting arbitrageed at Wall"}, {"start": "00:55:59", "end": "00:56:04", "text": "Street levels. It's jarring some people out of the markets. It's giving me"}, {"start": "00:56:04", "end": "00:56:12", "text": "happiness and confluence to get all of these short-term weak-handed pricks off of my crypto and Bitcoin lawn. I am"}, {"start": "00:56:12", "end": "00:56:18", "text": "very, very excited to see this chart on Bitcoin and where I think it's going. If"}, {"start": "00:56:18", "end": "00:56:23", "text": "we do continue down this ride, I'm going to be one happy little beaver because"}, {"start": "00:56:23", "end": "00:56:30", "text": "then I can buy Bitcoin for 70,000 bucks. And honestly, I feel like buying it. I'm"}, {"start": "00:56:30", "end": "00:56:38", "text": "buying some today. I'll buy some tomorrow. I will buy some all the way down this road because this is how we"}, {"start": "00:56:38", "end": "00:56:45", "text": "make generational wealth opportunities. As you all know, I was not forged in good times in crypto right here chasing"}, {"start": "00:56:45", "end": "00:56:53", "text": "green candles where I started the channel with TJ and blockchain basement was here. While everyone was thinking we"}, {"start": "00:56:53", "end": "00:57:00", "text": "were going to zero, we went downstairs. We started up the blockchain basement"}, {"start": "00:57:00", "end": "00:57:06", "text": "and we hammered in. Okay. So, this little scratch that we're experiencing right now. No, that's a big scratch."}, {"start": "00:57:06", "end": "00:57:14", "text": "This little scratch, this little scratchy scratch right here. Pathetic. What you got? I ain't hear no bell. This"}, {"start": "00:57:14", "end": "00:57:23", "text": "is pathetic. It's a dip for ants. I am not shaking out, nor should I feel like you should be. Just have some calm with"}, {"start": "00:57:23", "end": "00:57:30", "text": "yourself. And I apologize for yesterday. I got a little bit mean at people. Um, but this is not a time for weakness."}, {"start": "00:57:30", "end": "00:57:37", "text": "This is a time for strength and this is a time for knowing where Bitcoin is going. And I feel fullheartedly that"}, {"start": "00:57:37", "end": "00:57:44", "text": "Bitcoin is going to hit a million dollars within a decade from now. So, I'm going to stack as much as I humanly"}, {"start": "00:57:44", "end": "00:57:50", "text": "can, especially in this weak ass little pullback that we've had right now. So,"}, {"start": "00:57:50", "end": "00:57:58", "text": "if you have that same conviction, smash the like. Let me know. One in chat, are you a buyer of Bitcoin at $70,000?"}, {"start": "00:57:58", "end": "00:58:04", "text": "Two in chat if you're out of the market. One in chat if you're in. Two in chat if you're out. I want to see who's in. I"}, {"start": "00:58:04", "end": "00:58:12", "text": "want to see who's going to ride into the Thunderdome with me and hammer back into Bitcoin at the previous range high. I"}, {"start": "00:58:12", "end": "00:58:19", "text": "want to know how many people are going to do it. Let me know. We got some ones. We got some ones. I got some 67s. Okay."}, {"start": "00:58:19", "end": "00:58:27", "text": "67. You know what? That's out. You are banned. That's outlawed in some states. Son of a"}, {"start": "00:58:27", "end": "00:58:33", "text": "gun. Actually, I'm your son. Oh, I'm bringing my dad on the show. I'm"}, {"start": "00:58:33", "end": "00:58:39", "text": "absolutely bringing my dad on the show. War points out. That's That's fair. That's fair. That's fair. Uh buying"}, {"start": "00:58:39", "end": "00:58:46", "text": "everything. What's your analysis on Q4? All right. What's your analysis?"}, {"start": "00:58:46", "end": "00:58:53", "text": "All right. Let's answer this. So, what is your analysis of Q4 of 2025 and"}, {"start": "00:58:53", "end": "00:58:58", "text": "Q1 of 2026? Obviously, Bitcoin is good to hold longterm. I feel like I pretty"}, {"start": "00:58:58", "end": "00:59:07", "text": "concisely laid out this analysis for you there, buddy. But let's go back over it again. So, a vibe check down to $79."}, {"start": "00:59:07", "end": "00:59:13", "text": "$80,000 makes a hell of a lot of sense. But guess what? We just had that last night. $80,200 just happened."}, {"start": "00:59:13", "end": "00:59:18", "text": "You know, if I keep getting short calls from my quantity just down here, I'll be"}, {"start": "00:59:18", "end": "00:59:24", "text": "surprised. I think that's less likely than a dead cat bounce, a short squeeze"}, {"start": "00:59:24", "end": "00:59:29", "text": "like uh Crypto Crank was actually talking about this as a likelihood over the course of the end of today into the"}, {"start": "00:59:29", "end": "00:59:35", "text": "weekend. We've seen the weekend pumps pretty consistently and then things just end up dumping when Wall Street opens"}, {"start": "00:59:35", "end": "00:59:41", "text": "back up again. I think Q4 of 2025 is going to be painful and I think it is"}, {"start": "00:59:41", "end": "00:59:49", "text": "going to fake people out, give them fake hope and then vibe check those plates, those level level four plates at $65"}, {"start": "00:59:49", "end": "00:59:56", "text": "$70,000. I think it's going to hold up. That's me personally. Now Q1, I think at the end of Q1 when we enter closer to"}, {"start": "00:59:56", "end": "01:00:02", "text": "that midterm election when they have to release actual liquidity into the economy, get the economy kicking back"}, {"start": "01:00:02", "end": "01:00:09", "text": "over, get people happy about how things are going to try to win the election, I think that is the more likely scenario."}, {"start": "01:00:09", "end": "01:00:15", "text": "So given that I could see something because of how ferocious this velocity"}, {"start": "01:00:15", "end": "01:00:24", "text": "to the downside is, I think that you know we do a couple little wobbles, come back, bam, set up a W, bam, bam. I think"}, {"start": "01:00:24", "end": "01:00:32", "text": "something like that is very very likely for next year. So I love and appreciate every single one of you out there. Uh"}, {"start": "01:00:32", "end": "01:00:38", "text": "long at 74. No, I was shorting I shorted Ethereum. I'm doing multiple uh I'm"}, {"start": "01:00:38", "end": "01:00:44", "text": "doing multiple scalp trades a day. Today was great. I made like uh like 1,500 bucks off a small bag, you know? I was"}, {"start": "01:00:44", "end": "01:00:49", "text": "like 2,000 bucks. Made 1,500. Get get in the Discord. Okay. Get in the Discord"}, {"start": "01:00:49", "end": "01:00:56", "text": "when when when these metrics don't mean anything to me. TJ just brought in a quant. It's like some algorithmic"}, {"start": "01:00:56", "end": "01:01:02", "text": "trading robot quant. And my human brain would be looking at this like, \"Oh, we're going to bounce.\" But honestly,"}, {"start": "01:01:02", "end": "01:01:10", "text": "not really. Look at how rounded off this VWAP is. I mean, that looks ugly as all. Get out. The old we don't short range"}, {"start": "01:01:10", "end": "01:01:17", "text": "lows concept that I was going into this with completely wiped off and we are seeing constant constant puke pressure"}, {"start": "01:01:17", "end": "01:01:22", "text": "on Bitcoin. So, please for the love of God, join me in the Discord. Um, please"}, {"start": "01:01:22", "end": "01:01:29", "text": "for the love of God. This is literally killing people. What happened? Uh, we invited Black Rockck, right? We invited"}, {"start": "01:01:29", "end": "01:01:35", "text": "Black Rockck. Now they're dumping uh they're dumping on the open market. They're crushing the price and then"}, {"start": "01:01:35", "end": "01:01:42", "text": "they're buying OTC and we don't get the upside. So this is what we get. We're inviting small caps to the party. I love"}, {"start": "01:01:42", "end": "01:01:48", "text": "and appreciate every single one of you. It's going to be okay. Take a deep breath. Enjoy your family this weekend and I will see you on the next episode."}, {"start": "01:01:48", "end": "01:01:54", "text": "We just wanted to take a quick second to shout out our sponsor Arculus. They are cold storage hardware wallet. Helps you"}, {"start": "01:01:54", "end": "01:02:00", "text": "secure all of your digital assets for the future. Just tap this thing to the back of your phone and boom, you're in. We wouldn't be able to do this without"}, {"start": "01:02:00", "end": "01:02:05", "text": "them, but also wouldn't be able to do this without you guys, the Disco fam. You've supported us a lot over the"}, {"start": "01:02:05", "end": "01:02:11", "text": "years. If you want to support the channel now, just use the code DC20. It gets you 20% off this card. It's the"}, {"start": "01:02:11", "end": "01:02:18", "text": "number one way you can support this channel going forward. Thank you for your support. We'll see at the top."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "The lion does not concern himself with"}, {"start": "00:00:02", "end": "00:00:04", "text": "Bitcoin hitting the highest fear in the"}, {"start": "00:00:04", "end": "00:00:06", "text": "history of the index. In fact, a lion"}, {"start": "00:00:06", "end": "00:00:08", "text": "buys when there's fear in the streets"}, {"start": "00:00:08", "end": "00:00:12", "text": "and sells when people are greedy."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "This is Discover Crypto. I'm your host DZ standing because we have such a major show for you today. We have to talk"}, {"start": "00:00:07", "end": "00:00:14", "text": "about Black Rockck potentially kickstarting a whole new alt season with their Ethereum ETF. So, we got to get"}, {"start": "00:00:14", "end": "00:00:21", "text": "into that story. We have major news for XRP ETFs and then we're going to look at some bare market signals. Is Bitcoin"}, {"start": "00:00:21", "end": "00:00:27", "text": "entering a bare market? What is that going to look like? And then I'll share my trade on Ethereum. Go ahead, get your"}, {"start": "00:00:27", "end": "00:00:33", "text": "questions in, get your chats in, and smash that like button as we start our show. Thank you for joining yet again on"}, {"start": "00:00:33", "end": "00:00:38", "text": "this beautiful, beautiful Thursday. It is November 20th, and let's go ahead and let me add my screen here. We're going"}, {"start": "00:00:38", "end": "00:00:46", "text": "to look at Coin Gecko to start things off, check the state of the market, and then we're going to go ahead and roll into the Bitcoin charts and the ETH"}, {"start": "00:00:46", "end": "00:00:51", "text": "charts as well. So, let's go ahead and start, see where are things heading. We're going to hit refresh, make sure we"}, {"start": "00:00:51", "end": "00:00:58", "text": "got that fresh fresh data as Coin Gecko saying, page not found. All right, that's too many of you guys hitting the"}, {"start": "00:00:58", "end": "00:01:04", "text": "refresh button there. We had Bitcoin down.7%, ETH down 1.6%, XRP down"}, {"start": "00:01:04", "end": "00:01:09", "text": "slightly, but Salana showing a nice little pump here. Should have longed it yesterday. We were talking about how"}, {"start": "00:01:09", "end": "00:01:16", "text": "Salana, remember I showed you that Salana ETH chart, and I said Salana is gearing up for a reversal. Should have"}, {"start": "00:01:16", "end": "00:01:23", "text": "put my money where my mouth was on that one. Should have sold all my ETH. Now, Tron is down 1.3%. Dogecoin with a"}, {"start": "00:01:23", "end": "00:01:29", "text": "little bit of a pump here. Let's see what we have for the top gainers. You kind of saw a second ago. Zcash still"}, {"start": "00:01:29", "end": "00:01:35", "text": "running. And now that coin is looking at a $700 stable coin status. Adam is up"}, {"start": "00:01:35", "end": "00:01:41", "text": "11% seeing that dinocoin pump. And then we have Sam alman's surveillance tool."}, {"start": "00:01:41", "end": "00:01:46", "text": "Worldcoin. All you have to do is go to an orb, share your iris. Uh me. I was"}, {"start": "00:01:46", "end": "00:01:51", "text": "going to show him my brown eye. And that one is up 4.8%. Appto's up 4.7%. And"}, {"start": "00:01:51", "end": "00:01:58", "text": "Pepe. Pepe with a little pump. I swear I was about to short that this morning. Maybe, maybe I should have. And Salana"}, {"start": "00:01:58", "end": "00:02:04", "text": "also, you know, being one of the top gainers here. ARB also one of the top gainers. And Polygon also one of the top"}, {"start": "00:02:04", "end": "00:02:12", "text": "gainers there. Let's look at the big loosers. Canton is down 8.2%. Monero is down a"}, {"start": "00:02:12", "end": "00:02:18", "text": "little bit of a battle between Monero Bulls and Zcash Bulls. And right now, Zcash Bulls are winning. Aster is down"}, {"start": "00:02:18", "end": "00:02:24", "text": "looking like a disaster almost like five out of the seven days a week. You could probably call it that. Kronos is down"}, {"start": "00:02:24", "end": "00:02:30", "text": "3.3%. But Aster actually not that bad considering it was a dollar. I want to"}, {"start": "00:02:30", "end": "00:02:36", "text": "say it was like a week ago. Build 7day. Yeah, it was a dollar too. It was a dollar two on November 14th. And you"}, {"start": "00:02:36", "end": "00:02:43", "text": "fast forward to today. It is looking pretty good. And chat, let me know. Do you like the standing? I like to stand."}, {"start": "00:02:43", "end": "00:02:48", "text": "I honestly I don't know why I have been standing at the new location every single stream. I feel like it gives me a"}, {"start": "00:02:48", "end": "00:02:56", "text": "little bit of extra energy. And maybe maybe I'll do a little dance dance dance dance party a little bit later. All right, cancel the Lambo order and got me"}, {"start": "00:02:56", "end": "00:03:01", "text": "a bike. All right, where is where's the Lambo? Uh, hit the like button if you"}, {"start": "00:03:01", "end": "00:03:07", "text": "get the reference there. Get it together. Uh, call sell. Get it together. Mad, you're sad. All right."}, {"start": "00:03:07", "end": "00:03:12", "text": "Meme coins are pumping. I got some got some memecoin analysis a little bit"}, {"start": "00:03:12", "end": "00:03:19", "text": "later on. And XRP does exactly what Bitcoin does. Interesting theory there. Zcash doesn't care about Bitcoin. poor"}, {"start": "00:03:19", "end": "00:03:24", "text": "XRP army. We're going to talk about an XRP ETF. So, if you are an XRP holder,"}, {"start": "00:03:24", "end": "00:03:31", "text": "make sure you stick around for that. Now, last night's video, I was trying to give you guys free money. I have a goal"}, {"start": "00:03:31", "end": "00:03:38", "text": "on my work computer. So, I I I trade on a lot of different accounts. This is Edge X, and this is just my work"}, {"start": "00:03:38", "end": "00:03:45", "text": "computer. I had a little bit of, you know, I put I want to try to turn I want to 10x a very very small amount because"}, {"start": "00:03:45", "end": "00:03:51", "text": "I'm not blinking my wallet from home. So when I leave the office, I'm kind of stuck in some trades. So I'm not going"}, {"start": "00:03:51", "end": "00:03:56", "text": "to go deploy 10, 20, 30K in stables. So we're just having a little bit of fun with some small amounts. And if you look"}, {"start": "00:03:56", "end": "00:04:02", "text": "right now, we are in the green on our ETH long. And we are going to talk about the ETH Black Rockck news. And maybe"}, {"start": "00:04:02", "end": "00:04:07", "text": "I'll go ahead and uh share share a little referral to you folks out there. But get your questions in. Let me know"}, {"start": "00:04:07", "end": "00:04:14", "text": "what you guys are thinking. And if you were to long an altcoin, what altcoin would you long? I am interested to see"}, {"start": "00:04:14", "end": "00:04:21", "text": "what you guys are going to be saying on that one. I'm leaning towards maybe a little BNB. Maybe a little B andB. So,"}, {"start": "00:04:21", "end": "00:04:26", "text": "we'll check on that. But, let's go to the Bitcoin charts. So, what we want to look at here, uh, let's see here. Hold"}, {"start": "00:04:26", "end": "00:04:32", "text": "on. I might have to hit I don't want to hit refresh. So, if you recall yesterday, I have one of those stupid"}, {"start": "00:04:32", "end": "00:04:39", "text": "things, the show notifications, allow or block. And it's like, you can't see it on your screen, but I see it on my screen. It's go away, Trading View. But"}, {"start": "00:04:39", "end": "00:04:45", "text": "I can't hit refresh because Trading View is so funky sometimes. But if you recall, we drew this purple box"}, {"start": "00:04:45", "end": "00:04:51", "text": "yesterday and I said this is an area for pay to pay attention to when it comes to Bitcoin. Now, I didn't set any trades at"}, {"start": "00:04:51", "end": "00:04:58", "text": "these levels, but honestly, I was just looking at the earlier price action for March and April 2025. I think we touch"}, {"start": "00:04:58", "end": "00:05:04", "text": "into it in June and February as well, if I'm not mistaken. So, if we scroll and we scroll, oh, it was actually November"}, {"start": "00:05:04", "end": "00:05:11", "text": "24. So, uh even further back than I originally suspected. So, I notice this is definitely a point of control. a lot"}, {"start": "00:05:11", "end": "00:05:17", "text": "of activity around this area. You can see it. And then there's a phase right here. I mean, you can definitely see"}, {"start": "00:05:17", "end": "00:05:23", "text": "liquidity likes this area. I put this on your guys' radar yesterday. And then you can see it right there. Kind of got"}, {"start": "00:05:23", "end": "00:05:30", "text": "stuck there before the uptrend. And if we fast forward to today, mind you, we're looking at stuff from 12 months"}, {"start": "00:05:30", "end": "00:05:37", "text": "ago for this price action. Look at that, chat. Look at that beautiful, beautiful bounce. Now, we did draw the short-term"}, {"start": "00:05:37", "end": "00:05:43", "text": "price action triangle as well. This is really this literally in my way. I can't click the five minute there. And if we"}, {"start": "00:05:43", "end": "00:05:48", "text": "see, did it listen to that? A little bit. Little bit. It did uh pingpong"}, {"start": "00:05:48", "end": "00:05:55", "text": "around in there for a little bit, but then it dip below and use this as a nice springboard. So, if you do got some trades, let me know. I'm going to go"}, {"start": "00:05:55", "end": "00:06:01", "text": "ahead and star some of this and answer some of your questions towards the end of the show. Uh haters, XRP is still"}, {"start": "00:06:01", "end": "00:06:09", "text": "down from a decade ago. Is that true? It might be. I I'd have to look. maybe 2018 January"}, {"start": "00:06:09", "end": "00:06:16", "text": "very very good chance uh we are below that 2018 January level but not quite a decade calm down calm down uh let's see"}, {"start": "00:06:16", "end": "00:06:22", "text": "update on channel or on the title no we are going to talk about we already showed my ETH trade and we are going to"}, {"start": "00:06:22", "end": "00:06:30", "text": "talk about black rockck and what they're doing there uh James win shorting Aster maybe that's all we needed uh for for"}, {"start": "00:06:30", "end": "00:06:36", "text": "Aster to start pumping and I am going to show you a head and shoulders on ETH as well but we're not looking at a 4 hour"}, {"start": "00:06:36", "end": "00:06:41", "text": "we're looking at a monthly. So, we're looking at a very, very high target. Somebody pointed out a long time ago,"}, {"start": "00:06:41", "end": "00:06:47", "text": "and we're going to check in on how it's doing. But, Bitcoin right now, 90K."}, {"start": "00:06:47", "end": "00:06:54", "text": "Earlier it was 92K. It's not a good meme. 92K on Monday, 92K today. Let me"}, {"start": "00:06:54", "end": "00:06:59", "text": "know if you're feeling a lot more like uh the man on the left versus the man on the right, you know, with the the"}, {"start": "00:06:59", "end": "00:07:05", "text": "piercing husky eyes on the right. This guy is just he's rough. He woke up in a ditch. Maybe he woke up in his car."}, {"start": "00:07:05", "end": "00:07:11", "text": "Maybe he woke up and doesn't know where his car is. You're the guy on the left. Let me know in the comments. We do want"}, {"start": "00:07:11", "end": "00:07:16", "text": "to point you guys in the right direction. But now, let's talk about ETH. This is a funny sentiment here. The"}, {"start": "00:07:16", "end": "00:07:22", "text": "best time to sell your Ethereum was when this Korean gambler took 11 billion of"}, {"start": "00:07:22", "end": "00:07:28", "text": "other people's money to accumulate 5% of the E supply, and it couldn't even make a new all-time high. The second best"}, {"start": "00:07:28", "end": "00:07:35", "text": "time to sell your Ethereum is today. And of course, they're talking about Tom Lee. It's actually more than 11 billion"}, {"start": "00:07:35", "end": "00:07:41", "text": "of other people's money. $14 billion they invested into Ethereum and they are"}, {"start": "00:07:41", "end": "00:07:48", "text": "right now down $3.5 billion down 25% almost exactly and looking kind of rough"}, {"start": "00:07:48", "end": "00:07:56", "text": "on that ETH bag. But now we have a little bit of hope. We have a little bit of hopeium for the ETH bulls. And you"}, {"start": "00:07:56", "end": "00:08:03", "text": "need ETH to thrive. If you want altcoins, you want alt season, you want your altcoin to pump. It really will"}, {"start": "00:08:03", "end": "00:08:09", "text": "help for Ethereum to pump. You need Ethereum to drag its brethren. If it can drag its brethren, that's when you're"}, {"start": "00:08:09", "end": "00:08:16", "text": "going to start seeing it rolling down to the other majors. That's when it goes into the midcaps. And then eventually your memecoin will start pumping. But we"}, {"start": "00:08:16", "end": "00:08:24", "text": "do need ETH start pumping. Can you still mine at midnight on the computer? It is over. It is over. Uh, I can now turn off"}, {"start": "00:08:24", "end": "00:08:30", "text": "my work computer at night. Shh, don't tell anyone. Let me know if you're mining night from your work computer."}, {"start": "00:08:30", "end": "00:08:36", "text": "Might end up working out pretty well for you guys here. Uh, no. Some people, no, we're just comfortable being poor. So,"}, {"start": "00:08:36", "end": "00:08:42", "text": "ETH is better than not as good as Salana there. Salana is better. ETH 17k soon."}, {"start": "00:08:42", "end": "00:08:48", "text": "Well, let's get into the prices. Let's look into the news here. So Black Rockck registered their staked ETH trust ETF"}, {"start": "00:08:48", "end": "00:08:54", "text": "signaling its shift beyond the flagship spot ETH ETF. So now we have staking"}, {"start": "00:08:54", "end": "00:09:00", "text": "rewards. This is going to be very very bullish here. Now this is so bullish because of Black Rockck's track record."}, {"start": "00:09:00", "end": "00:09:06", "text": "I was looking for the uh the current data. Every time you try to Google this, you just get all the people talking"}, {"start": "00:09:06", "end": "00:09:11", "text": "about it from 2024, but really is only two things from 2025. So, their track"}, {"start": "00:09:11", "end": "00:09:17", "text": "record is 576 filings for an ETF with only one rejection. Their track record"}, {"start": "00:09:17", "end": "00:09:23", "text": "is a 99.8% approval rate. Now, the two they're kind"}, {"start": "00:09:23", "end": "00:09:28", "text": "of uh kind of switching this and if you you dive into the into the denial, it"}, {"start": "00:09:28", "end": "00:09:35", "text": "was largely kind of testing and a legal precedent there and you know, a lot of nuance there, but they are signaling a"}, {"start": "00:09:35", "end": "00:09:40", "text": "ETH trust ETF. We are seeing the signs that Black Rockck is planting its flag"}, {"start": "00:09:40", "end": "00:09:45", "text": "in the Mount Everest of season and going to say Ethereum is going to lead the charge here. So, they registered their"}, {"start": "00:09:45", "end": "00:09:50", "text": "new staked ETH ETF in Delaware, signaling the 13.5 trillion asset"}, {"start": "00:09:50", "end": "00:09:58", "text": "manager is now ready to expand beyond its flagship ETH ETF products. A Delaware name registration is one of the"}, {"start": "00:09:58", "end": "00:10:05", "text": "first steps that a fund issuer needs to take a file for a new ETF. So, we know the first step. The first step is file"}, {"start": "00:10:05", "end": "00:10:11", "text": "the paperwork. get the LLC's. Make sure you get your name, get your ticker. After that, that's when you start filing"}, {"start": "00:10:11", "end": "00:10:18", "text": "13Fs. That's when you start filing the the major paperwork right there at the cusp of the finish line. Now, would also"}, {"start": "00:10:18", "end": "00:10:23", "text": "complement their other ETH trust ETF. So, they're not shifting their existing"}, {"start": "00:10:23", "end": "00:10:29", "text": "ETF, they're adding a second ETH ETF. Now, the first one, the the existing one"}, {"start": "00:10:29", "end": "00:10:37", "text": "has attracted 13 billion dollars of inflows since launching in July of last year, but staked ETH ETFs could offer"}, {"start": "00:10:37", "end": "00:10:43", "text": "more lucrative returns. Incorporating staking into this ETF could enhance returns by adding a steady yield"}, {"start": "00:10:43", "end": "00:10:50", "text": "component on top of the price exposure, therefore or thereby transforming the fund into a total return product. It"}, {"start": "00:10:50", "end": "00:10:55", "text": "therefore broadens the product's appeal to yield focus investors. Investors that"}, {"start": "00:10:55", "end": "00:11:01", "text": "I want to get it uh I want to get an investment. I want to put a hundred bucks into it and I want to get paid $5"}, {"start": "00:11:01", "end": "00:11:06", "text": "a year. Now you multiply that by, you know, 10,000. Now you got yourself a"}, {"start": "00:11:06", "end": "00:11:12", "text": "nice little steady income. Now you're making, you know, $50,000 annually. So there's going to be a lot of yield focus"}, {"start": "00:11:12", "end": "00:11:18", "text": "investors are going to love this product. Now, they may have avoided the earlier ETF products because it didn't"}, {"start": "00:11:18", "end": "00:11:24", "text": "pay out regularly. The average return for ETH staking is close to 4%. So, they"}, {"start": "00:11:24", "end": "00:11:31", "text": "might wait till they get that 4% yield. I don't want to just buy the underlying asset and then sell and it's dictating"}, {"start": "00:11:31", "end": "00:11:36", "text": "on the underlying asset. I like to hold it. You know, maybe some of these people want to hold this for 5 years, 10 years."}, {"start": "00:11:36", "end": "00:11:42", "text": "Maybe they want to give it to their grandchildren and then earn off the staking rewards. So, this is very, very"}, {"start": "00:11:42", "end": "00:11:47", "text": "bullish. This will act as a huge huge influx of cash for Ethereum. But we also"}, {"start": "00:11:47", "end": "00:11:54", "text": "got to go into the charts here. Found an article talking about some charts. Just point out some some levels. Uh we're"}, {"start": "00:11:54", "end": "00:12:01", "text": "looking kind of the last liquidity zone before the pump. This is all the way back in July uh before the August crash."}, {"start": "00:12:01", "end": "00:12:07", "text": "And then we have the swing low down to $2,111. But if we do go lower, Chad, I am"}, {"start": "00:12:07", "end": "00:12:14", "text": "interested how low can ETH go? I'm I'm going to pull up the chart. I literally have the chart up next. And I I want to"}, {"start": "00:12:14", "end": "00:12:19", "text": "see if some of your levels are coinciding with some of my levels and then maybe we'll we'll high-five"}, {"start": "00:12:19", "end": "00:12:25", "text": "digitally and then we'll say, \"Oh, it's is definitely happening here.\" Uh let's see here. It's like people with uh the"}, {"start": "00:12:25", "end": "00:12:31", "text": "derangement syndrome. I want tariff dividends to be distributed with stables. How cool would that be? If it"}, {"start": "00:12:31", "end": "00:12:37", "text": "was the Trump bucks, USD1, huge attack vector by the Democrats."}, {"start": "00:12:37", "end": "00:12:43", "text": "They will, especially the Elizabeth Warren out there in the Senate, they will use that as a lightning rod for"}, {"start": "00:12:43", "end": "00:12:49", "text": "Trump detractors and say, you know, look, this is clear cronyism, corruption, uh, a scandal, a scandal. We"}, {"start": "00:12:49", "end": "00:12:55", "text": "got to impeach once Clarity Act passes, which is uh, supposed to be around December, paves the way for staked ETH"}, {"start": "00:12:55", "end": "00:13:01", "text": "ETF, Black Rockck front running. I like that narrative there, DZY, win the STEMI, if you're talking about the STEMI"}, {"start": "00:13:01", "end": "00:13:07", "text": "pack like uh, Taran Marine from Starcraft. I'm already on it. I'm already on it. I'm on my hot black bean"}, {"start": "00:13:07", "end": "00:13:15", "text": "juice. If you're drinking some coffee, let's do a little sip together in three, two, one here."}, {"start": "00:13:16", "end": "00:13:21", "text": "All right, we got Drew saying, \"Look at the 1010 ETH wick to the downside.\" Uh"}, {"start": "00:13:21", "end": "00:13:27", "text": "oh, yeah. We're going to go ahead and look at the charts. So, let's look at the ETH charts here. I don't know if So, first I want to show you the bull"}, {"start": "00:13:27", "end": "00:13:33", "text": "target. We We've talked about this. This gives us an $8,000 target. And I said monthly, it's actually weekly head and"}, {"start": "00:13:33", "end": "00:13:39", "text": "shoulders have formed. a weekly head and shoulders. So this is very very bullish. The way you would measure a technical"}, {"start": "00:13:39", "end": "00:13:44", "text": "breakout for this would you just measure from the neckline to the crown of the head and then from wherever the breakout"}, {"start": "00:13:44", "end": "00:13:50", "text": "might be depending you know a huge huge fluctuation what part of the shoulder breaks out of where the neckline's going"}, {"start": "00:13:50", "end": "00:13:56", "text": "to be. Get yourself a $8,000 E. So very very bullish target. But let's look at the the shortterm price action. Then I"}, {"start": "00:13:56", "end": "00:14:03", "text": "guess we can look at that that wick. Yeah. I mean talking about here. No that's November uh because oh we're only"}, {"start": "00:14:03", "end": "00:14:09", "text": "on two hours. So, we go to the 4 hour. You can probably see it a lot easier here. It's going to be right here. So, a"}, {"start": "00:14:09", "end": "00:14:15", "text": "lot of people are pointing at that. I don't want to say it's a Is that the 10-10 wick? Yeah. Yeah. 10 10 wick right"}, {"start": "00:14:15", "end": "00:14:20", "text": "here. Maybe a potential bull zone acting as a magnet. But right now, we're stuck"}, {"start": "00:14:20", "end": "00:14:25", "text": "in parallel hell. The hell of parallel. And this is on the 1 hour, on the 2"}, {"start": "00:14:25", "end": "00:14:32", "text": "hour, and you see it on the 4 hour as well. ETH's just kind of ranging, kind of just chopping around, looking for a"}, {"start": "00:14:32", "end": "00:14:40", "text": "level, looking for some sort of some sort of juice, some sort of life here. And I did open a trade yesterday. Now, I"}, {"start": "00:14:40", "end": "00:14:45", "text": "did a edge X video. We opened a trade in the trade. Uh, you know, I I was just"}, {"start": "00:14:45", "end": "00:14:51", "text": "seeing oversold. It looked a little too oversold. So, I was like, I see opportunity. I see opportunity. And if"}, {"start": "00:14:51", "end": "00:14:58", "text": "we look at the level, uh, let's see here. Five minute."}, {"start": "00:14:58", "end": "00:15:04", "text": "Shrink it. Look at that. Look at that entry right there, folks. Look at Sometimes it pays to to grab the falling"}, {"start": "00:15:04", "end": "00:15:09", "text": "knife. I don't recommend it, though. Do not grab the falling knives because it will cut the hell out of your hand. It will cut you every time. So, be careful."}, {"start": "00:15:09", "end": "00:15:15", "text": "Let's look at some of these levels. We come down and retest the bottom of this parallel range. You are looking at some"}, {"start": "00:15:15", "end": "00:15:21", "text": "pretty significant downside pressure. ETH looking at another 5% dump."}, {"start": "00:15:21", "end": "00:15:27", "text": "All set and end up really not that bad. I guess when you're looking at the fiat amount, you're like, \"Oh, it might lose 150 bucks.\" That's nothing. That is a"}, {"start": "00:15:27", "end": "00:15:34", "text": "dip for ants. I wipe my butt with that dip there. That's that is literally nothing. I'm more worried about a"}, {"start": "00:15:34", "end": "00:15:41", "text": "concentrated breakdown. And we zoom to the or zoom out to say the 3-day. We we"}, {"start": "00:15:41", "end": "00:15:46", "text": "did lose a little bit of support. Uh maybe go to the daily. You can see it a little bit better. Was a little bit of a"}, {"start": "00:15:46", "end": "00:15:51", "text": "trend line. trend line is no longer acting as our friend. So, this"}, {"start": "00:15:51", "end": "00:15:57", "text": "might be a potential resistance zone as well. So, there's some ETH levels for you guys. Are you guys still bullish on"}, {"start": "00:15:57", "end": "00:16:03", "text": "ETH or are you out? I am interested. Salana, I guess we'll look at some Salana charts a little bit later as"}, {"start": "00:16:03", "end": "00:16:09", "text": "well. I know there's a lot of Salana holders. What other altcoins would you like me to chart? We'll go ahead and"}, {"start": "00:16:09", "end": "00:16:16", "text": "we'll go ahead and check them out. Zcash is for fraud. If you think it's a fraud to have a Swiss bank account in your"}, {"start": "00:16:16", "end": "00:16:22", "text": "pocket, then then sure. But I think it's our it's our human right to be able to"}, {"start": "00:16:22", "end": "00:16:27", "text": "transact freely. I'm not saying go out and buy all these illicit materials, but I think we don't need the government"}, {"start": "00:16:27", "end": "00:16:32", "text": "breathing down our neck with every little purchase. I share lunch with a buddy and I pay him for lunch and all a"}, {"start": "00:16:32", "end": "00:16:38", "text": "sudden I get a tax bill in nine months. That that doesn't seem like a life I want to live. Uh so Zcash, you know, I"}, {"start": "00:16:38", "end": "00:16:44", "text": "like the idea of everyone having a Swiss bank account in their pocket. I think that's a good good thing for me personally. It doesn't necessarily mean"}, {"start": "00:16:44", "end": "00:16:52", "text": "elicit activity. Could just mean you value privacy. Uh people want me to look at ADA uh XRP probably look at ADA"}, {"start": "00:16:52", "end": "00:16:59", "text": "charts. TA monad. Towel is probably going to be a good one given the a uh the AI news. And we are going to talk"}, {"start": "00:16:59", "end": "00:17:04", "text": "about the AI news. Let's talk about Cardano real quick. Then we'll look at we're still kind of waiting for this"}, {"start": "00:17:04", "end": "00:17:09", "text": "bullish divergence. Trying to think what was the timeline we were looking at here. or was it the"}, {"start": "00:17:09", "end": "00:17:15", "text": "daily? This is going to be a long-term uh trend here. So, as long as this is still"}, {"start": "00:17:15", "end": "00:17:20", "text": "holding, bullish divergence is going to be a reversal signal. Uh we just don't know if it's going to reverse now or if"}, {"start": "00:17:20", "end": "00:17:28", "text": "we get like one more little fake pump and then down to the downside and then as long as the RSI maintains this uh"}, {"start": "00:17:28", "end": "00:17:35", "text": "upward mobility, I would say it is still looking like a decent opportunity. We can go to the 12 hour. 12 hour it's"}, {"start": "00:17:35", "end": "00:17:42", "text": "actually sharper. Uh it is more bullish because it's a higher angle to the upside on the RSI."}, {"start": "00:17:42", "end": "00:17:48", "text": "Uh I mean it's it's still holding. Let's zoom in a little."}, {"start": "00:17:48", "end": "00:17:54", "text": "Move these lines. I would say it's still Yeah, it's still there. We still have a slightly higher"}, {"start": "00:17:54", "end": "00:18:00", "text": "wick while the price is still slightly heading lower. But I will say this needs to turn around. Needs to turn around"}, {"start": "00:18:00", "end": "00:18:06", "text": "ASAP. And we have it just printed. It's 8 hours from now. We're looking at 12-hour candle. So, you got plenty of"}, {"start": "00:18:06", "end": "00:18:13", "text": "time. Let's do one more. We'll do the 6 hour or the 6 hour here. Uh we have uh I"}, {"start": "00:18:13", "end": "00:18:19", "text": "guess you could say longterm. Yeah, you're looking from here to here and it is it's still good, but uh this RSI"}, {"start": "00:18:19", "end": "00:18:24", "text": "coming down a little sharply. Not good. Not looking good for that 12 hour. If it's going to roll over to that 12 hour,"}, {"start": "00:18:24", "end": "00:18:30", "text": "then we want the 12-h hour to roll into the 24 hour. So, uh little dicey there, a little dicey. Towel, we'll look at TA"}, {"start": "00:18:30", "end": "00:18:37", "text": "because of the Nvidia news, which we're going to cover in a little bit. Towel just stuck in a range. Uh this the"}, {"start": "00:18:37", "end": "00:18:42", "text": "six hour still. It's it's showing strength. It's showing strength. Towel does look like it wants"}, {"start": "00:18:42", "end": "00:18:48", "text": "to reverse, but you know to be clear there's definitely a risk coming down to these levels. So it might want to wick"}, {"start": "00:18:48", "end": "00:18:54", "text": "down below 300 just to get everybody. So I don't know if you guys are trading tow with leverage, but just be careful and I"}, {"start": "00:18:54", "end": "00:18:59", "text": "would put some lower entries there. But I I I do want to cover this breaking news before we get into the Bitcoin"}, {"start": "00:18:59", "end": "00:19:06", "text": "news. We have breaking breaking jobs report numbers. This is fresh from this morning and it is a little bit of a"}, {"start": "00:19:06", "end": "00:19:13", "text": "mixed bag here. How many ETFs for XRP and the price doesn't move. Welcome to crypto. You get a good news, you get a"}, {"start": "00:19:13", "end": "00:19:19", "text": "good catalyst and if it dumps, maybe that's a sign of something. Maybe that's a sign of the bears are in control and"}, {"start": "00:19:19", "end": "00:19:25", "text": "we're going to talk about that. There's a Ben Cowan post uh that I want to get your guys' input on. Now, US added"}, {"start": "00:19:25", "end": "00:19:31", "text": "stronger than forecast 119,000 jobs in September. Even though it's November, we'll tell you why we're looking at"}, {"start": "00:19:31", "end": "00:19:37", "text": "September. And so this was unemployment rate rising a 4.4 not exactly good but it was stronger"}, {"start": "00:19:37", "end": "00:19:45", "text": "than expected for adding jobs. But the data is delayed about six weeks due to the government shutdown due to I don't"}, {"start": "00:19:45", "end": "00:19:52", "text": "want to get into the ifs or the buts but you know due to the congress just failing to govern America but it"}, {"start": "00:19:52", "end": "00:19:57", "text": "strengthened more than expected in September. So that is seen as a good sign. non-farm payrolls and we look at"}, {"start": "00:19:57", "end": "00:20:04", "text": "that because the seasonality of farm payroll non-farm payrolls increased by 119,000 in September according to the"}, {"start": "00:20:04", "end": "00:20:10", "text": "BLS economists only expected 50,000. So coming in much much higher than what"}, {"start": "00:20:10", "end": "00:20:16", "text": "analysts were expecting prior to the report markets have more or less eliminated the chances of a Fed rate cut"}, {"start": "00:20:16", "end": "00:20:22", "text": "in December and this data isn't likely to reverse that idea. Probably talking more about the unemployment percentage"}, {"start": "00:20:22", "end": "00:20:29", "text": "rather than adding the jobs. Now, there's a meme we looked at yesterday. Loving this meme. Wanted to share a"}, {"start": "00:20:29", "end": "00:20:35", "text": "couple more with you here. If you got a good quote and I read it in the chat, I will star it and I will make I will I"}, {"start": "00:20:35", "end": "00:20:42", "text": "will post in the format and with my, you know, tens of dozens of followers, you"}, {"start": "00:20:42", "end": "00:20:48", "text": "know, 50, 60,000, whatever the number is. Uh, we can live on in in internet glory there. So, this is the new one."}, {"start": "00:20:48", "end": "00:20:54", "text": "Now, convince the general public that they're predicting instead of gambling. Love it. Send it. We have another one"}, {"start": "00:20:54", "end": "00:20:59", "text": "here. We have Okay, good. Now bring back the meme coins. Guy turns the dial. Paul"}, {"start": "00:20:59", "end": "00:21:05", "text": "Giamotti hits the lever. Uh, now offer them 10,000x leverage. Gotta love I love"}, {"start": "00:21:05", "end": "00:21:10", "text": "this format. I love this format here. Uh, Tom Brown had the best goatsy crypto"}, {"start": "00:21:10", "end": "00:21:16", "text": "meme. Goatee. Oh, the goatee. The You got me to say that out loud. You son of"}, {"start": "00:21:16", "end": "00:21:22", "text": "a gun, Denny Kane. You son of a gun. Yeah, I do like Tom Crown. Tom Crown's uh Tom Crown's a little Chad energy. We"}, {"start": "00:21:22", "end": "00:21:27", "text": "like we like Tom Crown here. Now, speaking of Chad Energy, tonight we have"}, {"start": "00:21:27", "end": "00:21:33", "text": "a very very huge X spaces. These X spaces have been popping off. Kelly's going to be hosting it. I want to say we"}, {"start": "00:21:33", "end": "00:21:39", "text": "had Cryptoface in the last one. We had uh who was it? Uh Grant Cardone in the"}, {"start": "00:21:39", "end": "00:21:45", "text": "last one. A lot of big names coming into these, so just pop in. You never know. Uh no, that's not Ronaldo's statue."}, {"start": "00:21:45", "end": "00:21:51", "text": "Okay, there's Plan C. I shouldn't make fun of He's He's Plan C is a cool guy. He's got good good charts. So, Plans is"}, {"start": "00:21:51", "end": "00:21:58", "text": "going to be on there. David Gawkstein is going to be on there. So, some pretty big heavy hitters. And I he look he"}, {"start": "00:21:58", "end": "00:22:03", "text": "looks like Ronaldo, not the statue. Okay. He doesn't look like the Ronaldo statue. I take it back. I roll it back."}, {"start": "00:22:03", "end": "00:22:09", "text": "He looks He Plan C. You got Chad energy as well. All right. Let's move on. Let's move on. I didn't mean to call him the"}, {"start": "00:22:09", "end": "00:22:14", "text": "the hideous statue. All right. We're going to start with the bad news for"}, {"start": "00:22:14", "end": "00:22:21", "text": "Bitcoin. We are in a bare market and then we're going to roll into maybe a little positivity. Okay. Maybe a little"}, {"start": "00:22:21", "end": "00:22:28", "text": "hopeium. I don't think any obviously no one knows for sure. Everyone is just kind of using probabilities to determine"}, {"start": "00:22:28", "end": "00:22:34", "text": "the future progress of the crypto bull run or bare market. It's all about probabilities. It's all about nuance."}, {"start": "00:22:34", "end": "00:22:41", "text": "And there's information that comes in daily. So, if you're not reassessing daily, you're doing it incorrectly."}, {"start": "00:22:41", "end": "00:22:47", "text": "Unless, of course, October 6 was the top and you're just a four-year guy all the way back in 2020 and you're like, \"Well,"}, {"start": "00:22:47", "end": "00:22:53", "text": "it's gonna top here in 2025, which was me until I changed my mind with, you"}, {"start": "00:22:53", "end": "00:22:59", "text": "know, all the brand new news given M2, Fed, uh, quantitative easing, etc., etc.\" But look at this. Fed cut rates,"}, {"start": "00:22:59", "end": "00:23:05", "text": "dump. Fed delay rates, dump. ETFs buying, dump, ETFs selling, dump. Equities pumping, dump. Equities"}, {"start": "00:23:05", "end": "00:23:13", "text": "dumping, dump. Pal hawkish, dump. Dovish, dump. Tariffs, dump. No tariffs, dump. Shut down dump. No shutdown dump."}, {"start": "00:23:13", "end": "00:23:19", "text": "What the [ __ ] is this market people wondering? Smash the like button. I'm not supposed to use the f bomb. I don't think YouTube likes it. So, smash the"}, {"start": "00:23:19", "end": "00:23:26", "text": "like button uh to get me out of the algorithm hell there. But what the heck? What the hell is going on here? What the"}, {"start": "00:23:26", "end": "00:23:31", "text": "Well, I tell you what's happening here. Could be the bull cycle ending. That is"}, {"start": "00:23:31", "end": "00:23:37", "text": "something we need to entertain. Now, again, we're starting with the scary stuff. Okay, we're starting if you're"}, {"start": "00:23:37", "end": "00:23:42", "text": "watching, you know, a scary movie, we're we're watching in we're watching in order. Okay, I don't want to I want to"}, {"start": "00:23:42", "end": "00:23:48", "text": "end with the good news. Okay, I want to give you a flowery ending so we can kind of, you know, gallop into the the sunset"}, {"start": "00:23:48", "end": "00:23:55", "text": "here. Now, is the bull cycle ending is the question. So, it's entering bearish territory as institutional demand dries"}, {"start": "00:23:55", "end": "00:24:02", "text": "up and key market indicators point to a downward phase according to CryptoQuant. His bull score index has declined to"}, {"start": "00:24:02", "end": "00:24:07", "text": "extreme bearish levels while Bitcoin has fallen below 365day moving average. It's"}, {"start": "00:24:07", "end": "00:24:15", "text": "key technical level in the final bearish signal marking the start of the 2022 bare market. Now they look at some uh"}, {"start": "00:24:15", "end": "00:24:21", "text": "digital asset treasury demand there. It's you know not looking great lately. In addition to waning corporate buying,"}, {"start": "00:24:21", "end": "00:24:28", "text": "ETFs have also faced pressure with year-to-day inflows dropping to 27 billion. This is 30% below last year's"}, {"start": "00:24:28", "end": "00:24:33", "text": "total of 41 billion and we're only down to about 40 days remaining in the year."}, {"start": "00:24:33", "end": "00:24:39", "text": "So, you know, a little over 10% of the year's left. And so, if we were to add about 10%, that's only going to put us"}, {"start": "00:24:39", "end": "00:24:46", "text": "at about 29 billion. 29 a.5 uh billion. Still way below 41 billion. So, if we go"}, {"start": "00:24:46", "end": "00:24:52", "text": "on pace, we hit 30 billion. Last year, 40 billion. Now, CryptoQuant mentioned"}, {"start": "00:24:52", "end": "00:24:58", "text": "Donald Trump's presidential election win in 2024. He also mentioned the launch of several bit uh Bitcoin treasure treasury"}, {"start": "00:24:58", "end": "00:25:05", "text": "companies and he says those catalysts are not gone are now gone. They're no longer here. What would be a catalyst"}, {"start": "00:25:05", "end": "00:25:12", "text": "strong enough to reacelerate Bitcoin demand in 2026? What do you guys think would be a strong enough catalyst to"}, {"start": "00:25:12", "end": "00:25:19", "text": "kick off demand? Off the top of my head, you know, any kind of net buying by the US government"}, {"start": "00:25:19", "end": "00:25:24", "text": "would kickstart that. I don't think that's going to happen. However, what we might see though is net buying from"}, {"start": "00:25:24", "end": "00:25:30", "text": "other nations and maybe quiet accumulation from the US government, maybe from the intelligence agencies."}, {"start": "00:25:30", "end": "00:25:38", "text": "That would not act as any kind of official announcement, but that would act as buy pressure. So, that could do it right there. Uh let's see here. Look"}, {"start": "00:25:38", "end": "00:25:43", "text": "at some of your comments. This cabal behavior unfortunately is growing on crypto market. These are the same"}, {"start": "00:25:43", "end": "00:25:48", "text": "patterns shown commodity trading such as oil. I have a thought on oil potentially"}, {"start": "00:25:48", "end": "00:25:55", "text": "bringing back alt season. I made a post. I'm going to share my post a little bit later. Uh, we got people already preparing for the bare market. Go low,"}, {"start": "00:25:55", "end": "00:26:02", "text": "low, low, low. I got plenty of powder in the keg. Bunga is in the keg and not on the table. Chopped up by a credit card."}, {"start": "00:26:02", "end": "00:26:07", "text": "All right, let's move forward. Why did he say that? Why did he say that? Uh, this is the worst Q4 we have seen in"}, {"start": "00:26:07", "end": "00:26:13", "text": "seven years. Absolutely insane, everybody. And seven"}, {"start": "00:26:13", "end": "00:26:20", "text": "years ago, 2018, we declined 42%. Very, very rough year. If you look at the 2021"}, {"start": "00:26:20", "end": "00:26:27", "text": "bull year, we pumped so hard into October and the first week of November. So the bearish activity at the tail end"}, {"start": "00:26:27", "end": "00:26:33", "text": "of November in December only made a modest gain of 5%. 23 56% return just"}, {"start": "00:26:33", "end": "00:26:39", "text": "totally massive. And 2024 47% totally massive. But if you look at this bull"}, {"start": "00:26:39", "end": "00:26:49", "text": "cycle, we had a 80 a 60 and then we pumped 200. And that is a post-election posth having year 2017, 2021, 2025. But"}, {"start": "00:26:49", "end": "00:26:55", "text": "as of now, the most bearish Q4 for a posth having year in history, folks."}, {"start": "00:26:55", "end": "00:27:02", "text": "Now, we also have some other stuff just looking very bearish. Fear and greed, but some would say looking like a reversal. Fear and greed has never"}, {"start": "00:27:02", "end": "00:27:08", "text": "lasted more than 3 days and extreme fear until now. We're currently on day five."}, {"start": "00:27:08", "end": "00:27:14", "text": "I saw Caleb Fransen talking about this this phenomenon. It was in his newsletter. If you pay 50 bucks a month,"}, {"start": "00:27:14", "end": "00:27:20", "text": "you can listen to uh you can read his newsletters, you can join his streams. I I pay the 50 bucks and I I've talked to"}, {"start": "00:27:20", "end": "00:27:26", "text": "him before like, \"Hey, do you mind if I share this chart?\" And he he's always cool about it. So, I don't think he's like, \"No, keep my information secret.\""}, {"start": "00:27:26", "end": "00:27:35", "text": "So, I'm I'm going to share from this paid exclusive group from Caleb Franen. His thoughts on sentiment being low is"}, {"start": "00:27:35", "end": "00:27:40", "text": "it is a broad shift in humanity. It's a broad shift"}, {"start": "00:27:40", "end": "00:27:47", "text": "sociologically and the way he was stating it is like I think it was over US home buy it was it was like old data"}, {"start": "00:27:47", "end": "00:27:54", "text": "not related to crypto and everybody is feeling like yeah I have it worse off than my parents more so than any time in"}, {"start": "00:27:54", "end": "00:28:00", "text": "history and this this malaise this sour sentiment maybe you can make an argument"}, {"start": "00:28:00", "end": "00:28:05", "text": "like oh well it's clearly from social media it could potentially be that you"}, {"start": "00:28:05", "end": "00:28:10", "text": "could say oh well now we have news from all over the globe and you know if you"}, {"start": "00:28:10", "end": "00:28:16", "text": "go back to hunter gatherers we only knew about our tribe now we're thinking about too many other things and that's also bringing down our move I I'll agree with"}, {"start": "00:28:16", "end": "00:28:22", "text": "that or you can say you know it's what the government did to us in 2020 I would agree with all of these reasons but the"}, {"start": "00:28:22", "end": "00:28:28", "text": "fact remains people are just more sour in general in 2025 than they have ever"}, {"start": "00:28:28", "end": "00:28:35", "text": "been in history you could point to you know I think a million different things but the fact remains maybe it's just a"}, {"start": "00:28:35", "end": "00:28:42", "text": "generational sentiment shift that we're seeing And there's really nothing we can do about it. And it's going to we're"}, {"start": "00:28:42", "end": "00:28:47", "text": "continuing to see signs of that. And a sign would be, you know, yeah, we're we're just spending record amounts of"}, {"start": "00:28:47", "end": "00:28:53", "text": "time in extreme fear. People are just pessimistic. We're we're way too"}, {"start": "00:28:53", "end": "00:28:58", "text": "pessimistic compared to, you know, normal levels there. Uh wise man TJ uh"}, {"start": "00:28:58", "end": "00:29:04", "text": "said that everyone will be screaming at the bare market, it's over, and then we it will pump like no other. I I'll say"}, {"start": "00:29:04", "end": "00:29:10", "text": "this. Typically bare markets aren't marked by everybody saying it's a bare"}, {"start": "00:29:10", "end": "00:29:15", "text": "market. When Bitcoin wicked to 15K, people with credibility were saying"}, {"start": "00:29:15", "end": "00:29:20", "text": "$3,000 is in the cards, $5,000 is in the cards. And a lot of people said under"}, {"start": "00:29:20", "end": "00:29:27", "text": "$10,000 is in the cards. All of those people were wrong. Whereas now, you know, there's a lot of people saying is"}, {"start": "00:29:27", "end": "00:29:32", "text": "I So I'm I'm not sure. I'm not sure. Typically a bare market bottom doesn't feel like this. So I will say that. Uh"}, {"start": "00:29:32", "end": "00:29:38", "text": "Ben Cowan, speaking of the confirmation of a bare market, it's usually the deadcat bounce to the 200 day moving"}, {"start": "00:29:38", "end": "00:29:44", "text": "average. Usually within a few months from the peak. Let's go to the daily. Let's go to the 200 day moving average."}, {"start": "00:29:44", "end": "00:29:51", "text": "I think I have it on there already. Yeah. And going to be the longer term trend line, not the shorter term trend line, which"}, {"start": "00:29:51", "end": "00:29:56", "text": "is the 50 and the 200. He's saying we're going to have a relief bounce to 106."}, {"start": "00:29:56", "end": "00:30:04", "text": "However, if we reject off of this, that means bare market is here, folks. And"}, {"start": "00:30:04", "end": "00:30:10", "text": "I'm going to draw a bear now. It's a guy. It's a gay dude with a lot of hair."}, {"start": "00:30:10", "end": "00:30:15", "text": "Okay, that's his hairy chest. I didn't I'm not I'm not making fun. I'm just That's just kind of what they call him,"}, {"start": "00:30:15", "end": "00:30:22", "text": "right? Anyways, why do I Why did I do that? What's wrong with me? All right, let's keep moving forward. Let's keep it rolling. Uh bare market bare market"}, {"start": "00:30:22", "end": "00:30:28", "text": "activities. That's just what he does on Trading View. I guess that's a sign. Coinbase institutions have been selling"}, {"start": "00:30:28", "end": "00:30:34", "text": "for 19 straight days now. No real bounce until this recovers. So with the ETF"}, {"start": "00:30:34", "end": "00:30:40", "text": "outflows and other large institutional investors, they are dumping Coinbase. They're dumping it and they're dumping"}, {"start": "00:30:40", "end": "00:30:46", "text": "it hard. Don't egg me on with your LOL's and all this stuff. You're laughing. You're just going to you're going to"}, {"start": "00:30:46", "end": "00:30:52", "text": "make it happen even more. All right. Uh Dy the Bear Hunter."}, {"start": "00:30:52", "end": "00:30:57", "text": "That's why Yeah, man. I was I was in that Miami nightclub. I'm joking. That's a joke. That's a joke. That's a joke,"}, {"start": "00:30:57", "end": "00:31:03", "text": "everybody. All right, let's uh biggest fumble in history, owns the Bitcoin handle, does nothing but postp price,"}, {"start": "00:31:03", "end": "00:31:10", "text": "and [ __ ] AI memes. We're talking about at Bitcoin. What's funny is me and TJ were literally talking about the at"}, {"start": "00:31:10", "end": "00:31:16", "text": "Bitcoin yesterday. I don't even know why we were talking about it. We It just kind of got brought up. We were talking about like, you know, I was like, \"Yeah,"}, {"start": "00:31:16", "end": "00:31:24", "text": "I actually I actually investigated yesterday. Is there any indication on the is this person docs?\" It got sold in"}, {"start": "00:31:24", "end": "00:31:29", "text": "this account was sold in like 2020 and no one knows who it was sold to. It was"}, {"start": "00:31:29", "end": "00:31:35", "text": "rumored the original owner was Craig Wright. He started bull posting about Bitcoin Cash etc. And then when it"}, {"start": "00:31:35", "end": "00:31:43", "text": "switched owners in 2020 it's just been bullish news on Bitcoin. It does say trackable money. Everybody was like what"}, {"start": "00:31:43", "end": "00:31:48", "text": "the hell is this guy's deal? Uh trackable digital gold. Everyone's like why why are you saying why are you"}, {"start": "00:31:48", "end": "00:31:55", "text": "saying trackable? Are you like secretly a Zcash shill? Uh, but now he's pivoted to"}, {"start": "00:31:55", "end": "00:32:02", "text": "weather reports. Weather reports. Uh, pivots to weather posting. What the hell is going on here? So, bring back the"}, {"start": "00:32:02", "end": "00:32:08", "text": "crypto news. Uh, and is this hurricane in the room with us? Uh, thank you Bitcoin for the hurricane update. If"}, {"start": "00:32:08", "end": "00:32:15", "text": "you're in Bitcoin, pivot to hurricanes. Pivot to hurricanes. I actually haven't read these, so I'm kind of scared rolling."}, {"start": "00:32:15", "end": "00:32:20", "text": "Uh, all right. We got the Zcash hurricane like a tornado, but this is Bitcoin account. So perhaps tornado"}, {"start": "00:32:20", "end": "00:32:27", "text": "cash, but that's on ETH. But what is like tornado cash that's also like bit Oh my god, dang it. I got scoped and"}, {"start": "00:32:27", "end": "00:32:32", "text": "reading a stupid Zcash shill. Uh, how is there no hurricane if my portfolio is"}, {"start": "00:32:32", "end": "00:32:39", "text": "blown away? Oh my god, that's Stephen. That's Stephen. I know this guy. I know this guy. Uh, comment. That's a good good"}, {"start": "00:32:39", "end": "00:32:45", "text": "comment. Digital pencil art. Uh, he used to used to work with us way way back in the day. So, a big shout out to Stephen."}, {"start": "00:32:45", "end": "00:32:52", "text": "Stephen with the funny funny comment there. Uh, who runs this account? I don't know, man. I was looking into it yesterday. All right. Uh, let's get"}, {"start": "00:32:52", "end": "00:33:00", "text": "bullish, though. Let's get bullish. It's time for us to get bullish. I'm tired of the talking about bears. Okay. And"}, {"start": "00:33:00", "end": "00:33:06", "text": "they're fishnetss. Anyways, let's talk about uh some bullish news here. Bitcoin dominance. They're wearing leather daddy"}, {"start": "00:33:06", "end": "00:33:12", "text": "outfits. Duh. Bitcoin dominance about to drop violently. Alt season finally here."}, {"start": "00:33:12", "end": "00:33:17", "text": "Now, if you watch Ben Cowan, you listen to a lot of the people talking about Bitcoin dominance. One of the best"}, {"start": "00:33:17", "end": "00:33:25", "text": "things for Bitcoin dominance isn't Bitcoin falling, it's Bitcoin pumping. So, typically Bitcoin will pump like 10%"}, {"start": "00:33:25", "end": "00:33:32", "text": "but those altcoins will pump 20%. And that's when you'll get that Bitcoin dominance to fall. When Bitcoin falls"}, {"start": "00:33:32", "end": "00:33:38", "text": "20%, those altcoins fall 40%. And so Bitcoin dominance falls as Bitcoin is"}, {"start": "00:33:38", "end": "00:33:43", "text": "either crabbing sideways or doing a slow steady grind upward. So Gainzy coming"}, {"start": "00:33:43", "end": "00:33:48", "text": "out saying Bitcoin dominance about to drop violently. Alt season finally here. That would spell a little bit of a"}, {"start": "00:33:48", "end": "00:33:55", "text": "Bitcoin pump or at least neutral strategy there. Other bullish news, ETFs"}, {"start": "00:33:55", "end": "00:34:02", "text": "snap that 5day bloodbath as Bitcoin reclaims 92K. Blood bath. Isn't that what like Maria and Brahmovic does like"}, {"start": "00:34:02", "end": "00:34:07", "text": "with like Jay-Z or something? I don't know. Anyway, I keep saying all these crazy things that Bitcoin I'm pissing"}, {"start": "00:34:07", "end": "00:34:14", "text": "off Google overlord. So, smash that like button, everybody. Let's get to Bitcoin. Uh, spot Bitcoin ETFs log 75 meion in"}, {"start": "00:34:14", "end": "00:34:20", "text": "inflows after 5 days of redemptions. And so, Far Side Investors, uh, funny comics"}, {"start": "00:34:20", "end": "00:34:25", "text": "data showed inflows once again led by Black Rockck. Uh, they pulled in 60"}, {"start": "00:34:25", "end": "00:34:32", "text": "million of the 75 million. still a far cry from the 523 million in outflows"}, {"start": "00:34:32", "end": "00:34:38", "text": "just the day before. So, you know, a lot of red days. We did talk about like when"}, {"start": "00:34:38", "end": "00:34:44", "text": "we finally break uh break the streak of red, Bitcoin pumps pumps hard. We just"}, {"start": "00:34:44", "end": "00:34:50", "text": "didn't know, you know, was this going to break the streak? Subsequent data said hell no. One, two, three, four, five red"}, {"start": "00:34:50", "end": "00:34:57", "text": "days. Now, we're trying to break that streak yet again. Now, spot Bitcoin ETFs already shed nearly $3 billion in"}, {"start": "00:34:57", "end": "00:35:04", "text": "November, putting the category on track uh to surpass February as the worst performing month. According to this"}, {"start": "00:35:04", "end": "00:35:11", "text": "data, Bitcoin ETFs recorded three and a half billion in outflows in February. And I just got a text from my wife."}, {"start": "00:35:11", "end": "00:35:19", "text": "She's a Swifty and she is buying a snow globe from Taylor Swift's website. So,"}, {"start": "00:35:19", "end": "00:35:26", "text": "oh my god. And she's buying it for her friends and stuff. So, uh, anyways, love it, love it, love it. I I like Bitcoin."}, {"start": "00:35:26", "end": "00:35:31", "text": "She likes T Swizzle, I guess. Are you dating a Swifty? Let me know in the chat"}, {"start": "00:35:31", "end": "00:35:38", "text": "there. What is your What is your hellscape like? Uh, Brett Bear has Brett hair. Yes. Well, he has helmet hair. He"}, {"start": "00:35:38", "end": "00:35:43", "text": "has hair from the '9s Duracell commercials of the plastic people. Also"}, {"start": "00:35:43", "end": "00:35:50", "text": "look like a uh certain music video I'm drawing a blank on. Uh, I love how she spins your"}, {"start": "00:35:50", "end": "00:35:55", "text": "I mean, what's what's the point of being married, right? All right. You all sold. This is the most bullish news. I saved"}, {"start": "00:35:55", "end": "00:36:01", "text": "the best for last. You all sold while big oil money bought the dip just in."}, {"start": "00:36:01", "end": "00:36:08", "text": "United Arab Emirates state fund triples its stake. All roads lead to Black Rockck and Black Rockck's Bitcoin ETF,"}, {"start": "00:36:08", "end": "00:36:14", "text": "which is so wild if you think about the political ramifications and the other type of ramifications when you think"}, {"start": "00:36:14", "end": "00:36:22", "text": "about the leadership of these two funds. was it's it's a marriage it's a it's a unholy alliance and I was of course"}, {"start": "00:36:22", "end": "00:36:29", "text": "talking about this while not sharing so UAE tripling its stake there very very bullish news so big oil buying while you"}, {"start": "00:36:29", "end": "00:36:35", "text": "are selling it's Abu Dhabi investment council and what what are the numbers for tripling the stake what are we"}, {"start": "00:36:35", "end": "00:36:41", "text": "talking about here so they tripled their exposure to Bitcoin during the third quarter through Black Rockck's IBIT"}, {"start": "00:36:41", "end": "00:36:48", "text": "several participants saw it as a signal that institutional interest in crypto still gaining momentum in the UAE. In my"}, {"start": "00:36:48", "end": "00:36:54", "text": "opinion, probably a major reason we're bringing uh into the bloodbath is people"}, {"start": "00:36:54", "end": "00:37:00", "text": "copy trading uh Middle East oil money. And so they see Bitcoin as a digital"}, {"start": "00:37:00", "end": "00:37:07", "text": "equivalent of gold. Bloomberg reported that they increased their IBIT holdings from 2.4 million shares to 8 million by"}, {"start": "00:37:07", "end": "00:37:14", "text": "September 30th. Not a whole lot when you look at their percentage of their portfolio. I mean, they're printing"}, {"start": "00:37:14", "end": "00:37:22", "text": "money, pulling, you know, oil out of the ground, but still tripling is a very, very huge sign. Speaking of oil, this is"}, {"start": "00:37:22", "end": "00:37:29", "text": "very unusual. Headlines are now emerging that Trump quietly approved 28 point peace plan between Russia and Ukraine"}, {"start": "00:37:29", "end": "00:37:35", "text": "earlier in the week. Then at 4 a.m. this morning, so 7 hours ago, 5 hours ago,"}, {"start": "00:37:35", "end": "00:37:41", "text": "oil topped out at $60. Then 4 hours later, it was down nearly 4%. Without"}, {"start": "00:37:41", "end": "00:37:47", "text": "any material headlines, did someone know? Did someone frontr run uh the 810"}, {"start": "00:37:47", "end": "00:37:52", "text": "news at 440? What is going on? Now, let me tell you what this means. I did a"}, {"start": "00:37:52", "end": "00:38:00", "text": "little I did a little analysis here. Uh odds on an altcoin season just rose sharply. Simply put, Fed can't cut rates"}, {"start": "00:38:00", "end": "00:38:05", "text": "if they fear inflation runs too hot. One of the primary drivers of inflation, if"}, {"start": "00:38:05", "end": "00:38:10", "text": "not the primary driver besides money printing, is oil prices. It affects"}, {"start": "00:38:10", "end": "00:38:18", "text": "transportation costs. Transportation costs trickle to almost everything. Shipping construction material, food,"}, {"start": "00:38:18", "end": "00:38:23", "text": "transportation, there's a lot of transportation involved with food, getting to and from work, planning trips"}, {"start": "00:38:23", "end": "00:38:29", "text": "where you then spend money. So oil prices trickle into a lot of aspects of"}, {"start": "00:38:29", "end": "00:38:35", "text": "the economy. So lower lower oil price means better odds of low inflation. This"}, {"start": "00:38:35", "end": "00:38:42", "text": "is huge news. If we get better odds of low inflation, then we get better odds of the Fed cutting rates. And if the Fed"}, {"start": "00:38:42", "end": "00:38:48", "text": "cuts rates aggressively, that is great for monetary polic policy. If you hold"}, {"start": "00:38:48", "end": "00:38:53", "text": "assets, if you hold equities, if you're if you're not holding equities, you get"}, {"start": "00:38:53", "end": "00:38:59", "text": "left behind. But that's the whole scam of inflation. We got some other good news here. Uh I'm going to share some uh"}, {"start": "00:38:59", "end": "00:39:07", "text": "political news that maybe you know people talking about a Bitcoin reserve. I don't know if that's going to happen here. Uh the 88 888 bounce was pretty"}, {"start": "00:39:07", "end": "00:39:13", "text": "remarkable. Uh China just loves triple8s. It's a very very lucky uh some symbol to them. I don't know if you guys"}, {"start": "00:39:13", "end": "00:39:19", "text": "are in numer numerology. I I I don't claim to be but uh people who are they pay attention to it. So I try to just be"}, {"start": "00:39:19", "end": "00:39:27", "text": "aware what they are. Uh, Swift, we got some Swifties in the chat and we got some Swifty not so uh much fans in the"}, {"start": "00:39:27", "end": "00:39:32", "text": "chat as well. Not even Nvidia can save crypto. What scam is this crap? I'm"}, {"start": "00:39:32", "end": "00:39:37", "text": "going to talk about Nvidia as well. We're rolling into AI in one second here. Market so bad when I try to write"}, {"start": "00:39:37", "end": "00:39:44", "text": "bullish, my autocorrect turns it into [ __ ] That is that is uh that's rough, man."}, {"start": "00:39:44", "end": "00:39:50", "text": "That's rough. Uh the Google algorithm knows. I really wish Trading View would run out of these red candles. They just"}, {"start": "00:39:50", "end": "00:39:55", "text": "keep coming, man. They just keep coming. Am I hoping, secretly wishing, yearning?"}, {"start": "00:39:55", "end": "00:40:00", "text": "Am I secretly yearning in my loins for a big hairy bear pump? I think I just"}, {"start": "00:40:00", "end": "00:40:09", "text": "answered the question for you, baby. I think I'd answer the question. All right, let's talk about this bullish news. Uh, Connor Brown voted most likely"}, {"start": "00:40:09", "end": "00:40:14", "text": "to be accused of something in his fraternity. I'm sorry, Connor. I'm sorry, Connor."}, {"start": "00:40:14", "end": "00:40:22", "text": "You just got that name. You got that look. Uh, just rap. Sorry. Uh I I I grew up near Duke. So"}, {"start": "00:40:22", "end": "00:40:30", "text": "anyways, uh just wrapped a recording with Representative Davidson. Davidson's at Ohio. Uh big Bitcoin announcement"}, {"start": "00:40:30", "end": "00:40:36", "text": "tomorrow from Capitol Hill. Well, what's interesting, I went to his account. Uh okay. Okay. So, this was an hour ago."}, {"start": "00:40:36", "end": "00:40:44", "text": "Let me hit refresh. He just posted this morning. When I went, I was like, \"Oh crap, this is big.\" Right before I went live. He's joining Vanney. Uh Jim Vney,"}, {"start": "00:40:44", "end": "00:40:50", "text": "I believe. Jim. Uh it's is it MS? No. Fox Business News. Big big finance show."}, {"start": "00:40:50", "end": "00:40:57", "text": "A lot of big a lot of rich people watch this. Joining his show to for a big announcement, big announcement on"}, {"start": "00:40:57", "end": "00:41:02", "text": "digital assets. Let's refresh. Has he has he said anything? Do we have anything? Is there the breaking news"}, {"start": "00:41:02", "end": "00:41:07", "text": "just yet? 11 minutes ago. We got something. Smash the like buttons, everybody. Smash"}, {"start": "00:41:07", "end": "00:41:13", "text": "the like buttons or I'm not going to read this. Okay. I'm not going to read this piece. All right. I'm going to read it. I'm going to read it. Press release"}, {"start": "00:41:13", "end": "00:41:19", "text": "today. I don't even know if this is a nothing burger or not. The BPI is endorsing the Bitcoin for America act."}, {"start": "00:41:19", "end": "00:41:25", "text": "We got a Bitcoin for America act being introduced. We're also releasing the first of its kind financial dashboard"}, {"start": "00:41:25", "end": "00:41:30", "text": "modeling the impacts for Bitcoin accepting bit or government accepting Bitcoin."}, {"start": "00:41:30", "end": "00:41:37", "text": "Okay. Okay. This is big. This is good. This is good news. Will the Elizabeth Warren fight tooth"}, {"start": "00:41:37", "end": "00:41:44", "text": "and nail like a cat in the alleyway making weird noises to prevent this from happening? Yes. Yes, they will. But what"}, {"start": "00:41:44", "end": "00:41:50", "text": "we can do is support the people that are supporting this and trying to support your portfolio. And I don't even know"}, {"start": "00:41:50", "end": "00:41:55", "text": "what side he's on. But I'm a oneisssue voter sometimes. And this guy"}, {"start": "00:41:55", "end": "00:42:01", "text": "uh let's just let's zoom out from his photo. This guy is good stuff here. Good stuff here. Love it. Love it. Thank you"}, {"start": "00:42:01", "end": "00:42:10", "text": "for helping trying to bring crypto to the masses. And are you tired of winning yet, son? Donald Trump dropping dropping"}, {"start": "00:42:10", "end": "00:42:16", "text": "some cuss words, y'all. He's dropping some cuss words. We're going to play the video. So, if you got kids, ear muffs."}, {"start": "00:42:16", "end": "00:42:21", "text": "Ear muffs. All right. This is going to get a little dicey. Getting a little dicey. He doesn't He doesn't uh cuss all"}, {"start": "00:42:21", "end": "00:42:26", "text": "that often now. It's only It's pretty short here. Talk about firing Jerome."}, {"start": "00:42:26", "end": "00:42:31", "text": "Rates are down despite the Fed. I mean, Scott, you got to work in this guy. He's"}, {"start": "00:42:31", "end": "00:42:36", "text": "got some real mental problems. No, there's something wrong with him. It's"}, {"start": "00:42:36", "end": "00:42:43", "text": "just sweet. I I be honest. I'd love to fire his ass. He should be fine. Guy's"}, {"start": "00:42:43", "end": "00:42:51", "text": "grossly incompetent. And he should be sued for spending $4 billion to build a little building."}, {"start": "00:42:51", "end": "00:42:58", "text": "I'm building a ballroom that's going to cost a tiny fraction of that. And it's bigger than the whole thing put"}, {"start": "00:42:58", "end": "00:43:03", "text": "together. You got to work at him, Scott. The only thing"}, {"start": "00:43:03", "end": "00:43:09", "text": "Scott's blowing it on is the Fed because the Fed the rates are too high."}, {"start": "00:43:09", "end": "00:43:15", "text": "Scott. Oh man, is giving the rents too damn high vibes. The rent is too damn high,"}, {"start": "00:43:15", "end": "00:43:21", "text": "y'all. What are you got? What do you got going on here? Uh, is he going to fire him? That that remains to be seen. We"}, {"start": "00:43:21", "end": "00:43:27", "text": "don't know for sure, of course, but it is an interesting interesting angle there. And I I don't know how this is"}, {"start": "00:43:27", "end": "00:43:35", "text": "going to play out. Uh Trump Oh, am I still playing it? Still no. Okay. Uh very very angry at Pal. He is pissed at"}, {"start": "00:43:35", "end": "00:43:41", "text": "Pal. Wants to take Pal down. Uh, calling on Scott. Scott, you better act on this."}, {"start": "00:43:41", "end": "00:43:47", "text": "Scott, get your boy. He gave him the Scott get your boy. Get your Whose Man is this. He gave the Whose Man is this."}, {"start": "00:43:47", "end": "00:43:52", "text": "So, bold, bold stuff there. Uh, speaking of bold, we got Atlanta Fed. It's now"}, {"start": "00:43:52", "end": "00:43:59", "text": "projecting GDP will be a huge, huge pump. Huge GDP numbers for Q3. Massive"}, {"start": "00:43:59", "end": "00:44:05", "text": "expansion. We're running it hot. Get on board. Now, you might be asking the question, didn't Atlanta Fed get"}, {"start": "00:44:05", "end": "00:44:11", "text": "something like totally wrong? Weren't they totally bearish? They were totally bearish. It was earlier in the year and"}, {"start": "00:44:11", "end": "00:44:16", "text": "uh where was it? Okay, so yeah, their their 21 or I'm sorry, their Q1 2025"}, {"start": "00:44:16", "end": "00:44:22", "text": "miss. I looked into it. It does look like there was there was a reason. If"}, {"start": "00:44:22", "end": "00:44:28", "text": "you remember, there's remember all that weird suspicious activity on gold in the beginning of the year. We were covering it. A lot of stuff dealing with the city"}, {"start": "00:44:28", "end": "00:44:36", "text": "of London Bank. a lot of stuff dealing, you know, rumors of Vatican Bank, rumors of Fort Knox being empty, rumors of a"}, {"start": "00:44:36", "end": "00:44:41", "text": "lot of gold leaving New York City, but basically they they had gold import"}, {"start": "00:44:41", "end": "00:44:49", "text": "anomalies and it threw their it threw their whole estimate off. Normally they're only about 2.3 off. So, uh, this"}, {"start": "00:44:49", "end": "00:44:55", "text": "was a definitely an outlier. I I know you're thinking you're thinking Atlanta, you're thinking it's gonna suck. I, you"}, {"start": "00:44:55", "end": "00:45:01", "text": "know, I say that with love as I I say that as someone who drove on Atlanta highways. I say that as someone who goes"}, {"start": "00:45:01", "end": "00:45:07", "text": "to Atlanta airport. You know, we're based out of Atlanta, the Atlanta area. So, not here to like cast a blanket"}, {"start": "00:45:07", "end": "00:45:13", "text": "judgment on Atlanta, but I'm casting a blanket judgment on Atlanta. It's it's a little bit of a clown town."}, {"start": "00:45:13", "end": "00:45:20", "text": "But when you go into their stats, they're normally on point with their GDP estimates. Don't, you know, that was an"}, {"start": "00:45:20", "end": "00:45:25", "text": "outlier in Q1. So, we might have a much much hotter economy than a lot of people are thinking. All right, let's talk"}, {"start": "00:45:25", "end": "00:45:32", "text": "about Nvidia here. Nvidia. Uh, Fort Knox is empty. Still waiting for that video. It's empty. It's empty. Fort Knox is"}, {"start": "00:45:32", "end": "00:45:37", "text": "empty, right? Can we Can we all agree? Type in empty or full? Let me know what"}, {"start": "00:45:37", "end": "00:45:44", "text": "you think about Fort Knox. Is Is it full of gold? The gold's there or is it empty? Or is it empty? I'm I mean, if"}, {"start": "00:45:44", "end": "00:45:52", "text": "I'm going to Vegas and I'm putting like my my freaking house on the line, I I'm going empty. I'm going empty, folks. Uh,"}, {"start": "00:45:52", "end": "00:45:57", "text": "let's see here. Uh, empty. Empty. Full. Okay. Okay. Uh, I love the train at the"}, {"start": "00:45:57", "end": "00:46:04", "text": "Atlanta airport. You're not talking about like a side room in the bath. Anyways, uh, empty. It's full of cheese."}, {"start": "00:46:04", "end": "00:46:11", "text": "Uh, Knox, Tennessee. Empty. Full. Fool's gold. Oh, fool's gold. Okay. Okay. Full,"}, {"start": "00:46:11", "end": "00:46:17", "text": "empty. They sold it. Uh, just a tiny bit of gold there. I can see that. I can see that. Uh, let's see here. Full of"}, {"start": "00:46:17", "end": "00:46:23", "text": "aliens. Aliens is a scop. Don't fall for the alien scop. Okay. Aliens are clearly"}, {"start": "00:46:23", "end": "00:46:29", "text": "a scop by the State Department for two primary reasons. Allow DY to go on a soap box. Just real quickly, 10 seconds."}, {"start": "00:46:29", "end": "00:46:36", "text": "The two main scops of aliens are real. Number one, it's a distraction. We saw"}, {"start": "00:46:36", "end": "00:46:44", "text": "that in released CIA papers from the 60s regarding what they did in 1947. And Roswell, release a alien story to change"}, {"start": "00:46:44", "end": "00:46:50", "text": "a public narrative. That's that's real. You can see it in their CIA document. So they'll release a story to get people to"}, {"start": "00:46:50", "end": "00:46:57", "text": "talk about other things. Remember drones outside New Jersey, anybody? And so that's one. The second thing, if you can"}, {"start": "00:46:57", "end": "00:47:02", "text": "convince foreign leaders that there's a 1% chance that US has alien UFO"}, {"start": "00:47:02", "end": "00:47:10", "text": "technology, they will think twice about an act of war. And so if you can introduce just a 1% chance that we have"}, {"start": "00:47:10", "end": "00:47:16", "text": "alien technology and you do that to 50% of world leaders, there's a huge tangible benefit to that. So that that"}, {"start": "00:47:16", "end": "00:47:22", "text": "to me is but anyways I digress. Thanks for thank you for the dy soap box. All right let's talk about AI. Nvidia CEO"}, {"start": "00:47:22", "end": "00:47:28", "text": "says sales of their Blackwell chips are off the charts and cloud GPUs sold out"}, {"start": "00:47:28", "end": "00:47:33", "text": "now guiding revenue up 66 billion in the next quarter. Stock rose 5% on that"}, {"start": "00:47:33", "end": "00:47:39", "text": "news. So great news for that. Uh let's see here. Nvidia just added"}, {"start": "00:47:39", "end": "00:47:46", "text": "Zcashil Oxert. He has a really really good podcast with Bology Cernvas. I'm"}, {"start": "00:47:46", "end": "00:47:53", "text": "saying Bology. Uh go check that out. I I highly recommend it. But Nvidia added, this is nuts, for their market cap,"}, {"start": "00:47:53", "end": "00:48:02", "text": "three entire Salanas. Three entire Salas or 20 entire Zcashes in 1 second. That"}, {"start": "00:48:02", "end": "00:48:07", "text": "is bullish for AI. But then Elon had to come in. This is how you know AI is a"}, {"start": "00:48:07", "end": "00:48:14", "text": "bubble. No one even knows what the hell is going on. Elen's like, \"We're building 500 megawws, gigawatts, I don't know. Who cares? It's going to cost"}, {"start": "00:48:14", "end": "00:48:19", "text": "eight bazillion trillion dollars.\" Jensen starts sweating and says, \"Stop that.\" And they rush in. Oh, they didn't"}, {"start": "00:48:19", "end": "00:48:24", "text": "rush in. He did say, \"Stop that.\" But it is kind of funny. That guy is like, \"No, 500 megawws.\" I shouldn't have done the"}, {"start": "00:48:24", "end": "00:48:31", "text": "accent. What am I thinking? Tonight, we're putting out a chain link video. Chain link video. The truth. It's coming"}, {"start": "00:48:31", "end": "00:48:36", "text": "in and he's got the hot hot Druuth for you. A hot cup tea of truth. Big hairy"}, {"start": "00:48:36", "end": "00:48:41", "text": "bear. The Druuth. Uh, so check out if you are a link marine. Smash that like button. Turn on your notifications. Make"}, {"start": "00:48:41", "end": "00:48:48", "text": "sure you watch this chain link video. We have XRP ETF, but a lot of questions are"}, {"start": "00:48:48", "end": "00:48:53", "text": "lingering. They're starting to linger. Can't stand it when it lingers. Why is"}, {"start": "00:48:53", "end": "00:49:01", "text": "it lingering? The freaking name. What were they thinking here? So, Bitwise confirmed the new ETF for XRP is set to"}, {"start": "00:49:01", "end": "00:49:07", "text": "launch today under the ticker XRP. X user is quick to applaud but also"}, {"start": "00:49:07", "end": "00:49:13", "text": "pointed out the possible confusion it could cause with the token. Typically ETFs feature a version of the asset"}, {"start": "00:49:13", "end": "00:49:20", "text": "issuers name and the underlying crypto asset such as Fidelity's FBTC or ARCs"}, {"start": "00:49:20", "end": "00:49:27", "text": "ARC B. But they're just going full-blown XRP. Now as how exactly they were able"}, {"start": "00:49:27", "end": "00:49:32", "text": "to choose XRP to be your official ticker, many are asking. Now we'll need to write explainers on how to"}, {"start": "00:49:32", "end": "00:49:40", "text": "differentiate between XRP the asset XRP the Bitwise ETF and honestly you have to differentiate the XRPL from XRP as well."}, {"start": "00:49:40", "end": "00:49:48", "text": "So you kind of have three XRP I'll add a fourth one. You got to explain the difference between Ripple Labs XRPL XRP"}, {"start": "00:49:48", "end": "00:49:53", "text": "the token and XRP the ETF. A lot of confusion coming now uh for the XRP"}, {"start": "00:49:53", "end": "00:49:59", "text": "community for the newer entrance. Very confusing ticker symbol. How can this be allowed? There's no ETF with the ticker"}, {"start": "00:49:59", "end": "00:50:06", "text": "Bitcoin, is there? BTC Vincent Vancode, pretty good name. Software engineers suggested there might"}, {"start": "00:50:06", "end": "00:50:12", "text": "be an underlying plan aside from the instant brand recognition. That's the point. Native XRP will become the"}, {"start": "00:50:12", "end": "00:50:19", "text": "wholesale token. Majority of retail will simply trade the ETF. Wholesale sentiment, wholesale custody, wholesale"}, {"start": "00:50:19", "end": "00:50:24", "text": "transfers. That's the endgame for XRP and the XRPL."}, {"start": "00:50:24", "end": "00:50:29", "text": "I don't believe that. I don't think majority of retail will trade the ETF. I"}, {"start": "00:50:29", "end": "00:50:35", "text": "think as fintech becomes easier for you to do something on your phone, you're"}, {"start": "00:50:35", "end": "00:50:41", "text": "going to do the things on your phone. And if it's easier to buy the token on your phone, I think that happens faster"}, {"start": "00:50:41", "end": "00:50:46", "text": "than it's easier to buy the XRP ETF on your phone. So, I I don't know about that. Uh more XRP ETFs are coming"}, {"start": "00:50:46", "end": "00:50:51", "text": "though. We have Canaries launched on November 13 under XRPC and garnered $250"}, {"start": "00:50:51", "end": "00:50:58", "text": "million in inflows during the first trading day. And uh Matt Hogan Hogan said uh Wednesday that the US government"}, {"start": "00:50:58", "end": "00:51:04", "text": "shutdown now over. He expects ETF Palooa with 100 fund launches. What is ETF"}, {"start": "00:51:04", "end": "00:51:09", "text": "Palooa look like? It's going to be crypto bros and finance bros. It's going"}, {"start": "00:51:09", "end": "00:51:15", "text": "to look like this. It's going to have unwashed slovenly messes and then it's going to have bros and button-ups and"}, {"start": "00:51:15", "end": "00:51:21", "text": "quarterzip. So that's ETF Palooa if you're wondering there. You can see it right there folks. Uh, Grock Images for"}, {"start": "00:51:21", "end": "00:51:27", "text": "the win. And look at some coins here. BNB uh, took a little bit of a tumble."}, {"start": "00:51:27", "end": "00:51:33", "text": "BTC took a little bit of a tumble. Looks like it dragged a lot of things down. I was looking at some of your chats there."}, {"start": "00:51:33", "end": "00:51:39", "text": "Uh, let's see here. Trying to find your starred. Took away my starred thing. I used to be"}, {"start": "00:51:39", "end": "00:51:45", "text": "able to click on star. Huh, that's weird. I was starring some"}, {"start": "00:51:45", "end": "00:51:50", "text": "of your comments and then they took away that tab for me. Uh, Bitcoin losing losing that support and then falling"}, {"start": "00:51:50", "end": "00:51:56", "text": "into our channel here. Uh, so if we look I I'm giving you the"}, {"start": "00:51:56", "end": "00:52:02", "text": "bounce target. I'm giving you the bounce target. I don't know if it's going to No one knows for sure. It's all brostrology, right? But uh I'm going to"}, {"start": "00:52:02", "end": "00:52:10", "text": "leave the purple box again. You know, we we derived this information from what happened in November 24, March 25, and"}, {"start": "00:52:10", "end": "00:52:18", "text": "was it a July 25 or whatever. And so this is what I'm going to be paying attention to. We are in a trade uh from"}, {"start": "00:52:18", "end": "00:52:24", "text": "the Discord uh the Swary thing is I'm"}, {"start": "00:52:24", "end": "00:52:30", "text": "I'm stuck in a trade. I have the trade open at home. I'm still farming edge X. I I I closed the the ETH trade by the"}, {"start": "00:52:30", "end": "00:52:35", "text": "way. I'm still farming edge X. So, uh we're going to be watching that one. Watching that one. But I'm stuck in the"}, {"start": "00:52:35", "end": "00:52:41", "text": "Swiss short. I'm stuck in a Swiss short. So, I'm actually curious. I Let's see."}, {"start": "00:52:41", "end": "00:52:47", "text": "Waking up 7:30. I'm jumping in the shower. I I probably did it at 7 7 a.m."}, {"start": "00:52:47", "end": "00:52:52", "text": "I don't I'm give give or take 15 minutes or something. I'm in a sweet short from"}, {"start": "00:52:52", "end": "00:52:57", "text": "7 a.m. This is a signal we got in the Discord."}, {"start": "00:52:57", "end": "00:53:02", "text": "Oh, I didn't even mention I added uh to the position right above this line. So,"}, {"start": "00:53:02", "end": "00:53:09", "text": "not at the tippy top, but I added like 164 and I jumped in right at 7 a.m. just"}, {"start": "00:53:09", "end": "00:53:16", "text": "market by. So, I got two entries here. I I got an entry here. Entry here."}, {"start": "00:53:16", "end": "00:53:22", "text": "All right. Join the Discord if you guys aren't joining the Discord. We have a Chinese Quant in there and he's really been crushing it. Uh we back tested it."}, {"start": "00:53:22", "end": "00:53:27", "text": "It looks like about a 70% win rate. His first three were three for three. Obviously, not every trade signal is"}, {"start": "00:53:27", "end": "00:53:33", "text": "going to be right because these people would be trillionaires if that was the case. No one's going to get every trade signal right. Never believe anyone that"}, {"start": "00:53:33", "end": "00:53:40", "text": "will, but uh we do have uh some links down below if you do want to check that out. So, do appreciate it guys hanging"}, {"start": "00:53:40", "end": "00:53:47", "text": "out. Smash the like button on the way out. If you want to uh trade, I don't know if we put the thing in the chat"}, {"start": "00:53:47", "end": "00:53:53", "text": "there. I was telling them to put the uh the link in the chat, but if not, I got one. If not, if there is one below, use"}, {"start": "00:53:53", "end": "00:53:58", "text": "that one. If not, use the one I just put in the chat right there. Uh we'll we'll get our trades in. We we'll trade off"}, {"start": "00:53:58", "end": "00:54:06", "text": "these signals together. We'll make a whole bunch. And we're in there. We're printing money, folks. We are printing money now. Again, about 70% win rate."}, {"start": "00:54:06", "end": "00:54:11", "text": "So, you know, don't just be like, I'm going all in on the next one. Uh, hedge hedge your strategy there. Bear moon"}, {"start": "00:54:11", "end": "00:54:17", "text": "time. Well, like driving down the highway, a bear mooning you. That sounds"}, {"start": "00:54:17", "end": "00:54:22", "text": "hairy. That's a hairy situation right there. All right. Well, [ __ ] [ __ ] I"}, {"start": "00:54:22", "end": "00:54:28", "text": "was going to say folks. And then I was reading WTF. So, all right. Well, folks, folks, I will see you folks in the"}, {"start": "00:54:28", "end": "00:54:33", "text": "future. Chain link video tonight. Drew and Kelly going live later and spaces"}, {"start": "00:54:33", "end": "00:54:39", "text": "later on. We shared on the Discover Crypto X account. Go check that out, folks. That is the show for today. Thank"}, {"start": "00:54:39", "end": "00:54:45", "text": "you for joining. Always a great time. And you guys do like it on the solo shows. We do a little sip together."}, {"start": "00:54:45", "end": "00:54:50", "text": "Three, two, one. We just wanted to take a quick second to shout out our sponsor,"}, {"start": "00:54:50", "end": "00:54:56", "text": "Arculus. They are cold storage hardware wallet. Helps you secure all of your digital assets for the future. Just tap"}, {"start": "00:54:56", "end": "00:55:02", "text": "this thing to the back of your phone and boom, you're in. We wouldn't be able to do this without them, but also wouldn't be able to do this without you guys, the"}, {"start": "00:55:02", "end": "00:55:10", "text": "Disco Fam. You've supported us a lot over the years. And if you want to support the channel now, just use the code DC20. It gets you 20% off this"}, {"start": "00:55:10", "end": "00:55:17", "text": "card. It's the number one way you can support this channel going forward. Thank you for your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "Which one's the best crypto asset? Bitcoin's best crypto asset. Which one's the best crypto asset? Bitcoin's best"}, {"start": "00:00:07", "end": "00:00:12", "text": "crypto asset. Which one's the best? Which one? Which one's the best? Which"}, {"start": "00:00:12", "end": "00:00:20", "text": "one? Which one? Which one? Which one? Which one? Which one?"}, {"start": "00:00:20", "end": "00:00:26", "text": "Which one? Which one? What's the second best?"}, {"start": "00:00:32", "end": "00:00:38", "text": "Welcome to Discover Therapy on the crypto markets. Once again, the market"}, {"start": "00:00:38", "end": "00:00:44", "text": "is bleeding heavily. The pain is real and people in my office are cuddling"}, {"start": "00:00:44", "end": "00:00:49", "text": "their dogs and crying. I need a support system. Oh,"}, {"start": "00:00:49", "end": "00:00:56", "text": "it's the wild day out there, Kelly. I mean, I knew the chat was going to be hurt. You know what, you guys? I will"}, {"start": "00:00:56", "end": "00:01:02", "text": "absolutely recommend before we get into the show, for the love of God, join the"}, {"start": "00:01:02", "end": "00:01:08", "text": "Discover Investments Group Discord. We made I made two 50 60% trades this"}, {"start": "00:01:08", "end": "00:01:14", "text": "morning. Kelly, I think you even get got in on the action this morning, didn't you? Hopped in uh soon as a trade printed and"}, {"start": "00:01:14", "end": "00:01:20", "text": "then uh I got I didn't do the entire trade for all the takerit and stop losses because I was going in and out of"}, {"start": "00:01:20", "end": "00:01:26", "text": "stuff, but I was in 15 minutes, made 100 bucks uh and it was great. But you know what? I think a lot of people are"}, {"start": "00:01:26", "end": "00:01:31", "text": "struggling right now, you know, because there is some of that bullishness that people were talking about in the charts."}, {"start": "00:01:31", "end": "00:01:37", "text": "Uh, and it's just not playing out, you know. So, like the feeling right here is really I did some dissection here and I"}, {"start": "00:01:37", "end": "00:01:44", "text": "did I got X-rays and it turns out that riding the bowl lately has really been causing a lot of uh uh injury to the"}, {"start": "00:01:44", "end": "00:01:50", "text": "cockets right in here. But uh you know what? I think we just need to"}, {"start": "00:01:50", "end": "00:01:57", "text": "break down the charts and see what's in the news. Absolutely. Some things to explain here. Absolutely. Make sure you follow me on uh X here at"}, {"start": "00:01:57", "end": "00:02:04", "text": "Druuth Crypto. Let's check it out. The old Bitcoin chart. God, I got to flip this upside down once again. We are at"}, {"start": "00:02:04", "end": "00:02:10", "text": "$86,000 as of today. Looking a little bit grim,"}, {"start": "00:02:10", "end": "00:02:16", "text": "but you know what? I know how to fix this. You just invert it. Okay, it's clear. I'll blow up. Let's go."}, {"start": "00:02:16", "end": "00:02:22", "text": "Well, we're on our way up, right? We invert this. Today's trades were indeed shorts once again. And the uh crypto"}, {"start": "00:02:22", "end": "00:02:29", "text": "market cap is now below $3 trillion. We have erased over a trillion dollars in a"}, {"start": "00:02:29", "end": "00:02:36", "text": "very short amount of time. Kelly had a great highlight on yesterday's show talking about the velocity of this"}, {"start": "00:02:36", "end": "00:02:41", "text": "pullback being stronger than uh things we've seen in the past for sure. And I"}, {"start": "00:02:41", "end": "00:02:47", "text": "did find it kind of interesting, Kell, that this is a 31 32% pullback. The"}, {"start": "00:02:47", "end": "00:02:54", "text": "previous one was also 31%. Uh this is the kind of inauguration and"}, {"start": "00:02:54", "end": "00:02:59", "text": "then trade war crash out then. Yeah, but this this one happened in 45 days,"}, {"start": "00:02:59", "end": "00:03:05", "text": "right? Very very short amount of time like from recent pico top to where we're"}, {"start": "00:03:05", "end": "00:03:11", "text": "at now. This one was also 30% though. So, but this one took a lot longer to"}, {"start": "00:03:11", "end": "00:03:18", "text": "get to. It's like 32 31%. So, all of these pullbacks are pretty symmetrical"}, {"start": "00:03:18", "end": "00:03:26", "text": "in terms of percentages down. Serenity now. Serenity now."}, {"start": "00:03:26", "end": "00:03:31", "text": "What is going on with the damn keep taking me off? You're you're glitching, bro. The the"}, {"start": "00:03:31", "end": "00:03:42", "text": "lords of the the internet don't want you in there. So, this is kind of crazy to see. We are at 32% 32% now. 32% pullback"}, {"start": "00:03:42", "end": "00:03:47", "text": "deep below that uh 300 SMA. That's why a lot of the trades you're seeing right"}, {"start": "00:03:47", "end": "00:03:54", "text": "now are shorts. And it's kind of crazy when you look at the stats on short-term"}, {"start": "00:03:54", "end": "00:04:00", "text": "holder supply in profit or in loss. This ratio here, this is Quinton put this up."}, {"start": "00:04:00", "end": "00:04:07", "text": "Short-term holders that were underwater during the COVID crash were only at 92% that were at a loss. And Bitcoin is at"}, {"start": "00:04:07", "end": "00:04:13", "text": "3,800 bucks. 2022 the FTX collapse 94%"}, {"start": "00:04:13", "end": "00:04:19", "text": "are in a loss at that time frame when it was at 16K. Now today with Bitcoin what"}, {"start": "00:04:19", "end": "00:04:28", "text": "is it at 100% loss ratio or something cuz this is a 99% in a loss at $89,000"}, {"start": "00:04:28", "end": "00:04:36", "text": "and now we're sitting at $86,000 instead. Kelly, for the love of God,"}, {"start": "00:04:36", "end": "00:04:41", "text": "what in the world? Like, so I kind of feel a little insane"}, {"start": "00:04:41", "end": "00:04:47", "text": "that to be in profit through this time frame is kind of insane to to feel like"}, {"start": "00:04:47", "end": "00:04:53", "text": "this. But what would you say? Do you have any further words on why short-term"}, {"start": "00:04:53", "end": "00:04:59", "text": "holders are getting so bludgeoned? Are they going to leave forever? Like, what do you make of what Quinton just highlighted there? Because that's kind"}, {"start": "00:04:59", "end": "00:05:06", "text": "of crazy to think about. I I think we're in the the cycle of broken expectations. You know, everybody"}, {"start": "00:05:06", "end": "00:05:13", "text": "was expecting they understood the road map and we're getting the pingponging of the geopolitical shuffle, the stress on"}, {"start": "00:05:13", "end": "00:05:19", "text": "banks, the government shutdown, the the fake reopening that's only temporary. And that's why when you look at stuff on"}, {"start": "00:05:19", "end": "00:05:25", "text": "on on the charts, uh I don't know what's going on with Yeah. Uh there we go. uh that were kind of look at look at the"}, {"start": "00:05:25", "end": "00:05:32", "text": "capitulation metric we're seeing here which is far outweighing what we've seen in previous bottoms uh before con that"}, {"start": "00:05:32", "end": "00:05:39", "text": "continuing higher the the the the issue right now is people are starting to capitulate into I think the bare market"}, {"start": "00:05:39", "end": "00:05:45", "text": "is really here and I would just say I don't want to say I advise but I would"}, {"start": "00:05:45", "end": "00:05:51", "text": "just say the worst times in history even in a bare market is to sell at peak fear"}, {"start": "00:05:51", "end": "00:05:57", "text": "right now peak fear here launched higher. Peak fear here launched higher. Now we're at the worst reading on the"}, {"start": "00:05:57", "end": "00:06:03", "text": "fear and greed index that we've seen this entire bull market. So even if we are going to go into and I don't think"}, {"start": "00:06:03", "end": "00:06:09", "text": "we're going to go into six months or a year bare market, let's say one quarter uh some softness that the bears kind of"}, {"start": "00:06:09", "end": "00:06:17", "text": "taking control, we're still going to get some sort of relief bounce that comes up much like we saw here which was 34,000."}, {"start": "00:06:17", "end": "00:06:22", "text": "I don't know what's going on. You take over. Oh, is it killing you again? Well, I'll"}, {"start": "00:06:22", "end": "00:06:27", "text": "pull up the my fear and greed thing. I'll I'll pull up my fear and greed thing here for you. It's it's it's"}, {"start": "00:06:27", "end": "00:06:34", "text": "zapping you out for some reason. Let's go look at this, though. The fear and greed has been in extreme fear for a"}, {"start": "00:06:34", "end": "00:06:42", "text": "little bit of time. Um, pretty disgusting. Kind of scary when you think about the new participants that have"}, {"start": "00:06:42", "end": "00:06:48", "text": "come in. They wanted to get a part of the the Bitcoin cheese. We're above 100K. Things are looking pretty good."}, {"start": "00:06:48", "end": "00:06:54", "text": "right now. We've been in extreme fear for"}, {"start": "00:06:54", "end": "00:07:02", "text": "I would say not too long. Like if you notice the the trade crash out where we dropped to 75K, we had a double bottom"}, {"start": "00:07:02", "end": "00:07:08", "text": "moment in the uh extreme fear zone right there. So I don't think beatings are"}, {"start": "00:07:08", "end": "00:07:15", "text": "quite ready to stop. This is a perfect write up from Ramp Capital. Open the market. Good. Fill the gap. Make video"}, {"start": "00:07:15", "end": "00:07:22", "text": "go negative on the day. Ramp post crying northwestern kid. Okay, pump it a little bit. Good. Let them think that the"}, {"start": "00:07:22", "end": "00:07:29", "text": "bubble hasn't popped yet. Now tank it at close. Okay, release the files. Just absolute cinema is going on right now."}, {"start": "00:07:29", "end": "00:07:36", "text": "Um, this actually makes me want to go look at the Nvidia chart as well because most of the stock market revi basically"}, {"start": "00:07:36", "end": "00:07:43", "text": "relies on Nvidia to keep being up. Um, let's pull this up here. So, not too bad. Not too bad. Tis, but a scratch,"}, {"start": "00:07:43", "end": "00:07:49", "text": "but uh we opened at this high. you highlighted it on our morning trading show which made it really weird to short"}, {"start": "00:07:49", "end": "00:07:56", "text": "the market at that time, right? Because you you you pulled it up and like whoa, we we had gapped up and then our trading"}, {"start": "00:07:56", "end": "00:08:02", "text": "signals to come short hit the Discord and like all right, you know what I mean? We shorted them, ended up printing"}, {"start": "00:08:02", "end": "00:08:08", "text": "and this thing is completely Well, Drew, I gotta ask you. I gotta ask you. Yeah. Did I miss something? Because sometimes"}, {"start": "00:08:08", "end": "00:08:15", "text": "in these markets things change like that. I went to Waterburger to get a burger and uh took my dog out for a walk"}, {"start": "00:08:15", "end": "00:08:21", "text": "and today we opened the market with a gap up. S&P 500 opened with a gap up"}, {"start": "00:08:21", "end": "00:08:27", "text": "today. Uh I don't know. Let me see. Right. Right in here. Yeah, we opened with up here. So, this is where the the"}, {"start": "00:08:27", "end": "00:08:33", "text": "previous day closed. We opened up here. Felt good. Did some other tweet come out"}, {"start": "00:08:33", "end": "00:08:40", "text": "from Trump? Did something Is there anything that that that sort of rugged any sort of near-term bullishness? on"}, {"start": "00:08:40", "end": "00:08:46", "text": "ter in terms of the day. Not really. No, not really. And that's why like the overall if we we should"}, {"start": "00:08:46", "end": "00:08:51", "text": "back up way good on this. So you're on the daily. Let's just take a a big"}, {"start": "00:08:51", "end": "00:08:58", "text": "gander there. S&P has been going vertical for quite some time now."}, {"start": "00:08:58", "end": "00:09:03", "text": "Usually you can highlight a bare market beginning. I think it's a 20% pullback"}, {"start": "00:09:03", "end": "00:09:09", "text": "on the S&P 500. What is the pullback from that peak to where we're at right now on the S&P?"}, {"start": "00:09:09", "end": "00:09:16", "text": "5%. This is a scratch. So, um, not necessarily a signal that we're going"}, {"start": "00:09:16", "end": "00:09:22", "text": "into a hardcore bare market. Um, but you know, I think the line in the sand"}, {"start": "00:09:22", "end": "00:09:29", "text": "particularly for our bags in Bitcoin, I agree with someone in the chat there talking about 70K. Now, there are some"}, {"start": "00:09:29", "end": "00:09:35", "text": "theories here, some some Drew theories that I got swimming around in my brain."}, {"start": "00:09:35", "end": "00:09:42", "text": "where essentially I think 70K is going to be that line in the sand we actually"}, {"start": "00:09:42", "end": "00:09:48", "text": "are able to defend in this overall draw down. And yeah, I do agree with Crank that there's going to be some short"}, {"start": "00:09:48", "end": "00:09:55", "text": "squeezes and then we eventually do the vibe check there. But the thing I think is going to be different from uh other"}, {"start": "00:09:55", "end": "00:10:00", "text": "you know fouryear cycles and I'm going to do the little hands for the rest of my life on it because they seem to be"}, {"start": "00:10:00", "end": "00:10:06", "text": "completely broken is that the downtrend that I think we're about to experience"}, {"start": "00:10:06", "end": "00:10:13", "text": "here I think a fake out bam just chunk down vibe check I think this is going to"}, {"start": "00:10:13", "end": "00:10:20", "text": "be a shorty shorter lived bare market pullback than we've ever seen and I think it's going to be a shallower"}, {"start": "00:10:20", "end": "00:10:25", "text": "pullback for Bitcoin than we've ever seen. And I've always said it, I've said this for a long time that I thought it was"}, {"start": "00:10:25", "end": "00:10:30", "text": "going to be about 50%. Well, lord, love a duck. So, you're saying shorter time duration"}, {"start": "00:10:30", "end": "00:10:35", "text": "and less of a fall. So, rather than one year, 70 to 80%, something like a"}, {"start": "00:10:35", "end": "00:10:41", "text": "quarter or two, maybe 40 to 55%. Yes, absolutely. And I think that that's"}, {"start": "00:10:41", "end": "00:10:47", "text": "a big big difference in where we're heading. The crazy part about it is the sentiment is so bad and people are going"}, {"start": "00:10:47", "end": "00:10:53", "text": "to try to mirror this uh last cycle. I'll delete this stupid fib cuz I only pulled these up to crash out on"}, {"start": "00:10:53", "end": "00:11:00", "text": "Fibonacci this morning. Um, is that this was a much longer time frame you spent"}, {"start": "00:11:00", "end": "00:11:07", "text": "in a bare market right in the 2019 2020 zone. And then our bare market here"}, {"start": "00:11:07", "end": "00:11:13", "text": "um from the 2022 to 23 time frame really was quite a long time as well. I mean"}, {"start": "00:11:13", "end": "00:11:21", "text": "this once we really started breaking down lasted for 574 days. So, how these"}, {"start": "00:11:21", "end": "00:11:27", "text": "things look right now, I feel like end to Q1, maybe beginning of Q2 is where we"}, {"start": "00:11:27", "end": "00:11:33", "text": "really, really start to reclaim those recent highs. Um, and essentially like I"}, {"start": "00:11:33", "end": "00:11:41", "text": "think it's going to be a pretty short-lived Snap Crash Vibe check at 70K. Massive interest will come back in."}, {"start": "00:11:41", "end": "00:11:46", "text": "Massive rollouts will come and a lot of uh a lot of things will have changed"}, {"start": "00:11:46", "end": "00:11:51", "text": "about the four-year cycle that we're looking at right now. Uh,"}, {"start": "00:11:51", "end": "00:11:58", "text": "Greg wants to send a super chat, but he doesn't have no more money. Okay, Greg, you are banned."}, {"start": "00:11:58", "end": "00:12:03", "text": "My gun. Good to see you there, Greg. I think this is going to be different though. I think that we're going to have"}, {"start": "00:12:03", "end": "00:12:10", "text": "a very sharp sharp move to vibe check this 70k zone. I do feel that way and"}, {"start": "00:12:10", "end": "00:12:18", "text": "it's going to look uglier than hell. And maybe we do hold up in the mid70s from this little pocket right here. But you"}, {"start": "00:12:18", "end": "00:12:24", "text": "you see this green line? This is my back the truck up line. I think there's going to be a lot of price defense that will"}, {"start": "00:12:24", "end": "00:12:32", "text": "hold in this basically 60 to $70,000 zone. Absolutely. So, that's my my"}, {"start": "00:12:32", "end": "00:12:40", "text": "signal to myself to hammer in to add way more to my Bitcoin position. Um, love"}, {"start": "00:12:40", "end": "00:12:46", "text": "you too, Greg. Love you too. But you have to have balls of steel to operate this way because when things are going"}, {"start": "00:12:46", "end": "00:12:53", "text": "to look like that, it's going to look like it's over, right? And everyone's like, \"Why aren't you complaining?\""}, {"start": "00:12:53", "end": "00:12:58", "text": "Because the market's pullback. I only buy like big big sums of crypto bags in"}, {"start": "00:12:58", "end": "00:13:04", "text": "disgusting amounts of fear. And now, you know, we are in a weird time frame right"}, {"start": "00:13:04", "end": "00:13:12", "text": "now because we saw everything happening with a pullback and oh wait, there's more. Oh, balls."}, {"start": "00:13:12", "end": "00:13:17", "text": "This is the TA you need today, everybody. Pretty much. Pretty much. Um what's"}, {"start": "00:13:17", "end": "00:13:23", "text": "going on right now is basically shown with this picture here. Retail investors"}, {"start": "00:13:23", "end": "00:13:28", "text": "are getting the ability to short sell during extreme fear zones. Basically"}, {"start": "00:13:28", "end": "00:13:35", "text": "like handing an AK to the chimp, right? Things are going to happen. It's going to go poorly. Bad news now being good"}, {"start": "00:13:35", "end": "00:13:42", "text": "news for stocks. US unemployment rate surging to 4.4%. Oo, that sounds like a great market. Highest in four years."}, {"start": "00:13:42", "end": "00:13:48", "text": "Stock market futures surging. Oh, wait. No, they pulled back everything. Reality is the Fed is being forced to cut"}, {"start": "00:13:48", "end": "00:13:54", "text": "interest rates. I really don't I don't know about this. Like, they keep talking about this, but guess what? Japan's"}, {"start": "00:13:54", "end": "00:14:00", "text": "about to raise those treasuries moving up, right? Japan, we looked at 1.7%"}, {"start": "00:14:00", "end": "00:14:09", "text": "yesterday. Like, oh my god, the financial system is broken. Now it's 1.82. This is a very, very bad sign for"}, {"start": "00:14:09", "end": "00:14:17", "text": "you're seeing it reflected in poly market as well. This is ticking up to 50% drop back down to 35% you know 60"}, {"start": "00:14:17", "end": "00:14:25", "text": "64% is now riding on basically no change but it feels it feels like the market uh"}, {"start": "00:14:25", "end": "00:14:33", "text": "I don't know it's hard to predict right now this is what's really squashing risk it's hard to predict what the next um"}, {"start": "00:14:33", "end": "00:14:40", "text": "Trump tweet's going to be and I don't just mean the tweet I mean what economic issue is he going to try and solve and"}, {"start": "00:14:40", "end": "00:14:45", "text": "while it may be a good issue to try and solve. It's jockeying this this risk"}, {"start": "00:14:45", "end": "00:14:50", "text": "matrix into extreme excitement and then absolute, you know, shuttering the doors"}, {"start": "00:14:50", "end": "00:14:56", "text": "to everybody on a daily basis. So, people are kind of like, \"Oh, dude, I don't freaking know, man.\""}, {"start": "00:14:56", "end": "00:15:02", "text": "Yeah. The in where we're at right now, it's in the back end of this title, it's like these altcoins will vanish. I'm"}, {"start": "00:15:02", "end": "00:15:08", "text": "going to go through TVLs of things that I think are going to die because there are going to be more bodies floating up"}, {"start": "00:15:08", "end": "00:15:15", "text": "to the top of the water from everything we've seen. You think it can't get any worse and my vaporware token can't go to"}, {"start": "00:15:15", "end": "00:15:22", "text": "zero, can it? You guys wouldn't be surprised if this is your first bull market/bear market beginning. Things do"}, {"start": "00:15:22", "end": "00:15:30", "text": "die when bare markets take hold. Like this is something I want people to be very very cognizant of because how we"}, {"start": "00:15:30", "end": "00:15:38", "text": "protect our capital matters just as much as how we make it. That is something that you protect your money quickly. You"}, {"start": "00:15:38", "end": "00:15:44", "text": "make it slowly and it's not the snapshots that you see on X. It's not the I put five bucks in and I got a"}, {"start": "00:15:44", "end": "00:15:51", "text": "million bucks out type deal. That's not how the world works. Um, US housing market also 53% of homes have lost their"}, {"start": "00:15:51", "end": "00:15:59", "text": "value over the year. The highest share of depreciation over 13 years. This is a more likely movement to uh incentivize."}, {"start": "00:15:59", "end": "00:16:08", "text": "But the problem here is Oh, there's the dog cam. The problem with the idea of getting assets in terms of houses to be"}, {"start": "00:16:08", "end": "00:16:14", "text": "cheaper on mortgage, you have to have treasury yield go down. Instead, what we"}, {"start": "00:16:14", "end": "00:16:19", "text": "see is treasury yield is having to continually increase because of this"}, {"start": "00:16:19", "end": "00:16:26", "text": "little problem partially that's happening in Japan. our you biggest treasury holder is dumping US"}, {"start": "00:16:26", "end": "00:16:33", "text": "treasuries, rising the yield on their treasury, incentivizing people into theirs. And this whole mortgage thing, I"}, {"start": "00:16:33", "end": "00:16:42", "text": "don't think mortgages are set up to get better either. And now in the DOS attack on our senses, now we have uh the files"}, {"start": "00:16:42", "end": "00:16:49", "text": "being scrubbed. Oh no, the whole government is the P word. Whatever shall we do? I think we have an old school"}, {"start": "00:16:49", "end": "00:16:56", "text": "solution for this. I know you were a little worried if I was going to show this, Kelly. I just It's happening right"}, {"start": "00:16:56", "end": "00:17:01", "text": "now and they're cleaning off the files. Everyone's like, \"Oh, no. They would never clean off the files. They wouldn't"}, {"start": "00:17:01", "end": "00:17:07", "text": "do that.\" Um, there is an absolute DOS attack on attention span. Now, on some"}, {"start": "00:17:07", "end": "00:17:16", "text": "good fiba, Kelly, some great fiba. the most important levels for ETH according to Crypto Rover. Very expensive ETH,"}, {"start": "00:17:16", "end": "00:17:21", "text": "expensive, likely bottom zone highlighting this like $1600 arbitrary"}, {"start": "00:17:21", "end": "00:17:27", "text": "number. Unlikely being here in the uh $600 zone and extremely unlikely, but uh"}, {"start": "00:17:27", "end": "00:17:33", "text": "one of my favorite TA people came in. So, you're telling me that ETH is extremely unlikely to go into the"}, {"start": "00:17:33", "end": "00:17:39", "text": "negatives? Perfectly noted. Extremely unlikely zone down in the negative 200."}, {"start": "00:17:39", "end": "00:17:45", "text": "That was like the ono ta you did. Yes, absolutely. Absolutely. And you"}, {"start": "00:17:45", "end": "00:17:51", "text": "know, I think ETH has a chance. The opium here, I told you guys there was some opium in the background. The"}, {"start": "00:17:51", "end": "00:17:57", "text": "Bitcoin dominance graph is puking right now. And this is part of why, you know,"}, {"start": "00:17:57", "end": "00:18:05", "text": "select altcoins are actually insulating my portfolio from a lot of this downward pressure. And on the weekly, we are now"}, {"start": "00:18:05", "end": "00:18:12", "text": "following the path. I've left this head and shoulders on here for quite some time. We are starting that path down. I"}, {"start": "00:18:12", "end": "00:18:19", "text": "think we'll find some fight here at the 57% zone, but and at the 55% zone, but I"}, {"start": "00:18:19", "end": "00:18:25", "text": "actually could see this continue to go down. I could see this continue to go down. This is a giant head and shoulders"}, {"start": "00:18:25", "end": "00:18:31", "text": "pattern. The general, you know, uh, structure of this, I wonder if I could"}, {"start": "00:18:31", "end": "00:18:37", "text": "pull this down just a bit. So, the general structure of it, if this plays out perfectly, would take us right to"}, {"start": "00:18:37", "end": "00:18:43", "text": "that 50% spot and that would be a very, very good thing for altcoins. Now, when"}, {"start": "00:18:43", "end": "00:18:49", "text": "will ETH pick up? I think that there's time for that. Um, ETH has not picked up yet, but they did just cover on the"}, {"start": "00:18:49", "end": "00:18:55", "text": "morning show that Black Rockck is getting ready to roll out their staked"}, {"start": "00:18:55", "end": "00:19:01", "text": "Ethereum ETF, and I do feel that that is going to show some good inflows for that. Now, Morgan Stanley no longer"}, {"start": "00:19:01", "end": "00:19:08", "text": "expects the Federal Reserve to cut interest rates in December. And I say good because every single damn time that"}, {"start": "00:19:08", "end": "00:19:13", "text": "we get these interest rate cuts, they"}, {"start": "00:19:13", "end": "00:19:19", "text": "they dump, right? Our crypto, it dumps after the last interest rate cut. So, I"}, {"start": "00:19:19", "end": "00:19:26", "text": "don't think that they're going to save us. Signal. I just got the signal. We have to wait. We have to hold until December 31st."}, {"start": "00:19:26", "end": "00:19:32", "text": "Oh, December 31st. whatever 31st is. Cool. This is wonderful. I'm I'm excited for"}, {"start": "00:19:32", "end": "00:19:37", "text": "that. Now, I actually have a December Ethereum song that I wrote. Alex"}, {"start": "00:19:37", "end": "00:19:45", "text": "Becker's got some B balls of steel. Buying f tons of this because he effing hates himself. Wish me luck. Um I liked"}, {"start": "00:19:45", "end": "00:19:50", "text": "it. You know what? You got to respect the hustle. Also XRP rolling out their"}, {"start": "00:19:50", "end": "00:19:58", "text": "XRP ETF over and under Kelly. Is anyone going to care about the XRP ETF? Does"}, {"start": "00:19:58", "end": "00:20:04", "text": "this matter at all for XRP bag holders? Well, I mean, here's the deal. Whether"}, {"start": "00:20:04", "end": "00:20:10", "text": "or not you like XRP, if these different brokerages and companies and ETFs and"}, {"start": "00:20:10", "end": "00:20:17", "text": "and major major financial giants, the only reason they would be doing something, they do market research is if"}, {"start": "00:20:17", "end": "00:20:22", "text": "they assess that the community, there's enough appetite uh that's also going to"}, {"start": "00:20:22", "end": "00:20:30", "text": "come in not just from retail degens in crypto uh but there's enough awareness around it uh in people that have been"}, {"start": "00:20:30", "end": "00:20:37", "text": "waiting on the sidelines or want to get exposure in indexes. uh and so on and so forth. I I do think I kind of feel as"}, {"start": "00:20:37", "end": "00:20:42", "text": "much hate as XRP even I have given. I feel like there's probably there's got to be something else that they're"}, {"start": "00:20:42", "end": "00:20:48", "text": "working on delivering that's going to surprise people beyond it just being a financial memecoin, right?"}, {"start": "00:20:48", "end": "00:20:55", "text": "Well, let's go look at the TVL. Let's you know what? Let's go look at the total value locked on XRP. Let's look at"}, {"start": "00:20:55", "end": "00:21:03", "text": "what's what's this forest look like through the trees, folks. Right? This is important to do here. important stuff."}, {"start": "00:21:03", "end": "00:21:08", "text": "XRPL, right? I got to pull I got to share my screen again. Whoops. Let's do this."}, {"start": "00:21:08", "end": "00:21:14", "text": "Here we go. There we go. Just a happy little mistake. So, great question, by the way, from Theo"}, {"start": "00:21:14", "end": "00:21:21", "text": "Rodriguez says, \"Has any one of the ETFs pushed the price of the tokens up?\" I"}, {"start": "00:21:21", "end": "00:21:26", "text": "mean, look at what ETH did. It's had the hardest year ever. Yeah. Do you have"}, {"start": "00:21:26", "end": "00:21:32", "text": "I think this is a longer term foundational thing of what might happen. So, I mean, that was just a chart that"}, {"start": "00:21:32", "end": "00:21:37", "text": "was separate. Bitcoin pumped like crazy after the ETF went live. Bitcoin did,"}, {"start": "00:21:37", "end": "00:21:43", "text": "but no other no other asset, right? Yeah. So, this is XRPL and don't"}, {"start": "00:21:43", "end": "00:21:50", "text": "don't get in my chat saying, \"This is hate. This is data.\" Okay."}, {"start": "00:21:51", "end": "00:21:58", "text": "All right. $68 million in total value locked on the XRPL"}, {"start": "00:21:58", "end": "00:22:03", "text": "protocol. Now, what's the market cap? Oh, it's a little different. It's $119"}, {"start": "00:22:03", "end": "00:22:09", "text": "billion, right? So, we got a little bit of a difference here from a minuscule"}, {"start": "00:22:09", "end": "00:22:17", "text": "amount of TVL and an app fee of $1,000."}, {"start": "00:22:18", "end": "00:22:24", "text": "Over 24 hours, they made a grand off of app fees."}, {"start": "00:22:24", "end": "00:22:30", "text": "DEX volume, sure, 5.97. Honestly, that's tiny. And the market cap of this project"}, {"start": "00:22:30", "end": "00:22:38", "text": "is sitting at $119 billion. There is some serious problems with that. Let's"}, {"start": "00:22:38", "end": "00:22:46", "text": "go snooping around some more. Let's go look at some projects that might vanish. I was going to say,"}, {"start": "00:22:46", "end": "00:22:52", "text": "so we have a $212 million to TVL level. It's down 4%. Not horrible, but look at"}, {"start": "00:22:52", "end": "00:23:00", "text": "that [ __ ] Look at how much TVL has left the building. on say this seems like the"}, {"start": "00:23:00", "end": "00:23:06", "text": "music has stopped per se. Where's the uh market cap at? I haven't even looked at it. We're just raw dogging this because"}, {"start": "00:23:06", "end": "00:23:15", "text": "this is stuff I had a feeling a bad feeling about and you guys are discovering crypto with me here. Uh"}, {"start": "00:23:15", "end": "00:23:20", "text": "black hole pays too much in uh the the rewards. Black hole pays way too much in"}, {"start": "00:23:20", "end": "00:23:27", "text": "the rewards. Let's see here. So, where's number 70?"}, {"start": "00:23:27", "end": "00:23:32", "text": "All right. All right, it's down 14% on the week, but that's expected. Let's get a bigger picture of this thing. Let's"}, {"start": "00:23:32", "end": "00:23:38", "text": "get a bigger picture of this thing. I think most alt or most memecoins are going to die, too. I think most meme"}, {"start": "00:23:38", "end": "00:23:45", "text": "coins are going to die. Look at this. Is Sean Ryan a scop? I think so. It kind of"}, {"start": "00:23:45", "end": "00:23:53", "text": "feels like it. Um, so he was a CIA operative. So, there is that. I don't"}, {"start": "00:23:53", "end": "00:24:00", "text": "think Se is gonna say hello to you anymore. Okay. I think Se is saying goodbye. That's"}, {"start": "00:24:00", "end": "00:24:08", "text": "what I think Se is doing right now. Very sad. Um, so there is that. This guy's faking"}, {"start": "00:24:08", "end": "00:24:15", "text": "you out. Ryan Rocket. What am I faking out about this data? Explain yourself intelligent to me about what's fake"}, {"start": "00:24:15", "end": "00:24:22", "text": "about this. I'm literally showing you money leaving ecosystems and it takes a"}, {"start": "00:24:22", "end": "00:24:28", "text": "lot of, you know, cuz I could sit here, oh, it's going to be okay. Like this, I see these BS posts. What is this one"}, {"start": "00:24:28", "end": "00:24:35", "text": "from Polygon? This is what drives me insane."}, {"start": "00:24:35", "end": "00:24:40", "text": "India plans to launch ARC, a rupee pegged dog [ __ ] fiat currency into a"}, {"start": "00:24:40", "end": "00:24:46", "text": "digital asset built on Polygon. Man, that's really going to pump. Let's go"}, {"start": "00:24:46", "end": "00:24:52", "text": "look at what this did for Polygon. Let's go look. They probably even hide. Oh, let's go"}, {"start": "00:24:52", "end": "00:24:58", "text": "look at the TVL. Yeah. All right. So, we got 1.1 billion locked."}, {"start": "00:25:00", "end": "00:25:05", "text": "This is the reality, right? This is the reality of the situation at hand. So, we"}, {"start": "00:25:05", "end": "00:25:10", "text": "get these well-worded bullish posts from Paul, which by the way, they should have"}, {"start": "00:25:10", "end": "00:25:16", "text": "never changed their ticker, their name. This is insane. And this is a project I"}, {"start": "00:25:16", "end": "00:25:21", "text": "made a lot of money off of last bull market. Now, I can't even pull up the"}, {"start": "00:25:21", "end": "00:25:27", "text": "old chart for good old what was Maddic because now it's pull."}, {"start": "00:25:27", "end": "00:25:34", "text": "Previously, the artist known as Madic. And I don't get long-term price data information out of this."}, {"start": "00:25:34", "end": "00:25:40", "text": "I don't get any long-term price data information. All they do is go down."}, {"start": "00:25:40", "end": "00:25:46", "text": "Let's do a chain link. Absolutely. Let's do chain link because I have a plan on chain link. I"}, {"start": "00:25:46", "end": "00:25:53", "text": "think it's going to be a victim of downward price action just like the rest. And I have a video that explains"}, {"start": "00:25:53", "end": "00:25:58", "text": "what's happening with Swift and Chain Link on Saturday. That's coming out tonight on the Discover Crypto channel."}, {"start": "00:25:58", "end": "00:26:06", "text": "But my plan for chain link and what I've done so far, so my first set of buys were $119 in COVID crash. Second set of"}, {"start": "00:26:06", "end": "00:26:12", "text": "buys were five bucks in 2023, right? I felt like backing the truck up on the"}, {"start": "00:26:12", "end": "00:26:17", "text": "final leg down and then increased the bag exponentially there. Now, where"}, {"start": "00:26:17", "end": "00:26:23", "text": "we're at right now, I would be a major major buyer of chain link at 10 bucks."}, {"start": "00:26:23", "end": "00:26:29", "text": "If I can get the price down to these wicks and just take advantage"}, {"start": "00:26:29", "end": "00:26:36", "text": "of everyone's weak-handed, limp wristed bitchness, then I would back the truck up once again on Chainlink because"}, {"start": "00:26:36", "end": "00:26:43", "text": "overall, what you have here is a series of higher lows being built through its"}, {"start": "00:26:43", "end": "00:26:48", "text": "entire existence. It's the only project out there that actually works with the"}, {"start": "00:26:48", "end": "00:26:55", "text": "fever dream of Swift and getting part of this new world financial system. You're"}, {"start": "00:26:55", "end": "00:27:00", "text": "not going to take over Swift. I'm sorry XR people. You unless you physically"}, {"start": "00:27:00", "end": "00:27:06", "text": "remove central banks in Swift, it is not going anywhere."}, {"start": "00:27:06", "end": "00:27:13", "text": "Okay. Say is pumping. Okay. It's up by 1.6%."}, {"start": "00:27:15", "end": "00:27:21", "text": "All right. All right. Let's Let's take a look."}, {"start": "00:27:21", "end": "00:27:27", "text": "Let's take a look here. I want to pull up something that"}, {"start": "00:27:27", "end": "00:27:35", "text": "actually explains the chain link stuff. It's just there's so much scopness going on right now and it's my"}, {"start": "00:27:35", "end": "00:27:41", "text": "job to just talk about what's real and this is what's real. So, Swift is no"}, {"start": "00:27:41", "end": "00:27:49", "text": "longer going to be in a pilot test program with the crosschain interoperability protocol. A lot of"}, {"start": "00:27:49", "end": "00:27:54", "text": "people are looking at the end of this month for this activation time frame, but this could actually go all the way"}, {"start": "00:27:54", "end": "00:28:02", "text": "up until Q1 of 2026. When I look at the market right now, when I see Bitcoin puking its guts out"}, {"start": "00:28:02", "end": "00:28:10", "text": "day in and day out, when I see pain across the ecosystem, max fear, max"}, {"start": "00:28:10", "end": "00:28:15", "text": "anxiety like this 15 on the fear and greed, what I'm looking for is a project"}, {"start": "00:28:15", "end": "00:28:23", "text": "that's actually going to survive into 2026. Chain link with this integration,"}, {"start": "00:28:23", "end": "00:28:28", "text": "it's here to stay. So, yeah, I'm a buyer of chain link if we can get $10 chain"}, {"start": "00:28:28", "end": "00:28:34", "text": "link, but these are the things that you must think about. Uh, Flare, I don't"}, {"start": "00:28:34", "end": "00:28:39", "text": "know if Flare is actually going to die. I don't know if Flair is actually going"}, {"start": "00:28:39", "end": "00:28:43", "text": "to die. Cardano,"}, {"start": "00:28:46", "end": "00:28:51", "text": "it's going to be scary. Let's just dig in. Let's just I'm dogging this. Well, we're we're in"}, {"start": "00:28:51", "end": "00:29:00", "text": "absolute max wash out range right now on everything. This ain't that bad, though. I mean, it's still generally like these are"}, {"start": "00:29:00", "end": "00:29:06", "text": "higher lows. These are higher lows. Um,"}, {"start": "00:29:06", "end": "00:29:11", "text": "I'd say the music completely stops on Cardono if you break below 20 cents,"}, {"start": "00:29:11", "end": "00:29:18", "text": "though. The music completely stops on Cardono if you break below 20 cents. And"}, {"start": "00:29:18", "end": "00:29:25", "text": "I don't even think the problem with looking at TVL for ADA is that the um"}, {"start": "00:29:25", "end": "00:29:31", "text": "DeFi llama system doesn't aggregate the true amount of you know DeFi that's"}, {"start": "00:29:31", "end": "00:29:37", "text": "going on. Let's see if we can actually pull it up. So we got 200 mil as it's registering right now."}, {"start": "00:29:37", "end": "00:29:42", "text": "Um, I don't think that this thing is like set to completely die though"}, {"start": "00:29:42", "end": "00:29:51", "text": "because Cardono is the most decentralized proof ofstake system out there. Yes, people don't have like mega"}, {"start": "00:29:51", "end": "00:29:57", "text": "big outlooks on it, but you know, y'all sounded bearish. What do"}, {"start": "00:29:57", "end": "00:30:02", "text": "you think this is? Like, is this is this a healthy pullback to you, Ricky? Right."}, {"start": "00:30:02", "end": "00:30:08", "text": "This is why my thesis had to flip to shorting because I still want more Tether for cheaper Bitcoin. And that's"}, {"start": "00:30:08", "end": "00:30:13", "text": "the mindset shift that people need to understand right now. Just because I'm looking at the outlook of getting a"}, {"start": "00:30:13", "end": "00:30:20", "text": "cheaper Bitcoin does not make me bearish. In fact, it makes me excited that Max Payne is not up only. Everyone"}, {"start": "00:30:20", "end": "00:30:26", "text": "is sitting here trying to top blast these charts and try to convince me to top blast these charts for the last few"}, {"start": "00:30:26", "end": "00:30:31", "text": "months, maybe a year. I remain base. I hold back on them because you know what?"}, {"start": "00:30:31", "end": "00:30:37", "text": "I get good entry points at max fear level, right? That is what I do. And we"}, {"start": "00:30:37", "end": "00:30:43", "text": "are deep below the 300 SMA right now. Once I see this change, then I'll"}, {"start": "00:30:43", "end": "00:30:49", "text": "change. Go ahead, Kelly. I'm sorry. I'm sorry. Go ahead, Kelly. I just had to I had to go off on Ricky."}, {"start": "00:30:49", "end": "00:30:55", "text": "You know, I just that mindset. There's there's prot traders out there that have made tens of millions of"}, {"start": "00:30:55", "end": "00:31:02", "text": "dollars like Cryptoface who also is, you know, trying to catch, you know, trying"}, {"start": "00:31:02", "end": "00:31:08", "text": "to catch some moves based on signals. And when prot traders are having trouble, you don't you don't stand a"}, {"start": "00:31:08", "end": "00:31:16", "text": "chance. Um especially when it feels a lot more like the market makers are pulling puppet strings and moving things"}, {"start": "00:31:16", "end": "00:31:22", "text": "where they want to regardless of getting a little oh you have a hot zone you have a hot zone. This is going to give you"}, {"start": "00:31:22", "end": "00:31:28", "text": "signal potentially if you're looking at like a one hour twoh hour time frame but we're seeing the market irrationally"}, {"start": "00:31:28", "end": "00:31:34", "text": "just derisk while we know the liquidity situation coming into 2026. So maybe"}, {"start": "00:31:34", "end": "00:31:39", "text": "that's also why maybe it's so obvious about the liquidity situation in 2026."}, {"start": "00:31:39", "end": "00:31:45", "text": "It's like, okay, well, let's wreck people now and get the best entries before the market runs away. But the the"}, {"start": "00:31:45", "end": "00:31:50", "text": "theme of the market right now is uh lower low, lower high, lower low, lower"}, {"start": "00:31:50", "end": "00:31:57", "text": "high. So plan accordingly. Yeah. Shout out to Miss Tia made it. She's in here. We got a I got a short"}, {"start": "00:31:57", "end": "00:32:04", "text": "amount of time left. If you guys want to be entered in to win a uh we're we're"}, {"start": "00:32:04", "end": "00:32:09", "text": "going to be giving away stockings. Okay, we're giving away stockings. She's hand making sick."}, {"start": "00:32:09", "end": "00:32:17", "text": "They're super sick. We're going to be giving away one one stocking to someone that retweets uh Miss Tia made it here."}, {"start": "00:32:17", "end": "00:32:22", "text": "So, actually, let's go to X. I'm going to pull her up because I only got a few more days. I'm going to pick the winner"}, {"start": "00:32:22", "end": "00:32:29", "text": "tomorrow. So, you got to go to Miss Tia made it uh at Miss Tia Marie. I'll put"}, {"start": "00:32:29", "end": "00:32:36", "text": "it in the chat here for you. And you go here and you repost her uh God, she"}, {"start": "00:32:36", "end": "00:32:41", "text": "posts a lot. These repost these uh Bitcoin inspired Christmas stocking designs."}, {"start": "00:32:41", "end": "00:32:48", "text": "Drop the link in the chat. Yes, I will. That's a good idea. I'm going to drop the link in the chat. Go repost this. You're entered in. There's"}, {"start": "00:32:48", "end": "00:32:55", "text": "50 people that are entered to win. Oh, there's us. Look at that. There's our Etsy shop. She got an Etsy shop now. Um,"}, {"start": "00:32:55", "end": "00:33:01", "text": "love you babe. And you know, I spent some time thanking her for uh being the"}, {"start": "00:33:01", "end": "00:33:07", "text": "profit taking oracle right now. I'm excellent at getting entry points and"}, {"start": "00:33:07", "end": "00:33:13", "text": "being a rude, stubborn prick about getting cheap crypto. Great at it. She"}, {"start": "00:33:13", "end": "00:33:19", "text": "amplifies me by making me go allin and then telling me to cheat it at literally"}, {"start": "00:33:19", "end": "00:33:26", "text": "somehow the perfect time. So, get yourself a wife that knows when to sell all your crypto. Could uh just give some"}, {"start": "00:33:26", "end": "00:33:31", "text": "good advice there. Now, we have some other things going on. This is a side"}, {"start": "00:33:31", "end": "00:33:37", "text": "note. This is This is Las Vegas. Um Formula One races got flooded out. You"}, {"start": "00:33:37", "end": "00:33:42", "text": "saw Mario put this up. It's flooding in Las Vegas. Told me about it, too. He lives there."}, {"start": "00:33:42", "end": "00:33:48", "text": "Really? Yeah. So, is it as bad as this video looks? Like, did he say, \"Are the streets all"}, {"start": "00:33:48", "end": "00:33:55", "text": "locked up or?\" Well, I mean, it's like certain areas, I mean, but it's something that happens regularly in Vegas because when you have a desert"}, {"start": "00:33:55", "end": "00:34:01", "text": "landscape, uh, the ground you'd think would just absorb every bit of water. Uh, but the truth is what happens is you"}, {"start": "00:34:01", "end": "00:34:08", "text": "get very compact ground. So, when you get you get flash floods and so every every road even has these basically dips"}, {"start": "00:34:08", "end": "00:34:14", "text": "at the cross intersections because they're preparing for potential floods that come. So, you have the it's so I"}, {"start": "00:34:14", "end": "00:34:22", "text": "mean, it's not like it's something that's super abnormal. That happens, you know, a couple times a year. Yeah. Okay. Okay. Well, also this World"}, {"start": "00:34:22", "end": "00:34:29", "text": "Liberty Fight users are now talking about project freezing wallets, enforcing KYC, and moving assets without"}, {"start": "00:34:29", "end": "00:34:35", "text": "votes happening on that. This is the the games that you get when you're playing"}, {"start": "00:34:35", "end": "00:34:40", "text": "with the Trump administration. You know what I mean? He's going to kind of run uh to his own tune. Now, we got to do"}, {"start": "00:34:40", "end": "00:34:47", "text": "some vibe check on the projects that I like because you guys know on the blockchain basement and for a long time"}, {"start": "00:34:47", "end": "00:34:54", "text": "I've been very very bullish on base and the price of the base assets that most of my altcoin plays are in have been"}, {"start": "00:34:54", "end": "00:35:00", "text": "really quite nice to insulate me from the downturn so far. I think we have"}, {"start": "00:35:00", "end": "00:35:07", "text": "some pretty massive massive stuff coming for this channel. Uh I don't want to I don't want to say too much. I don't want"}, {"start": "00:35:07", "end": "00:35:14", "text": "to say too much, but base ecosystem money there, it's been great to me. And"}, {"start": "00:35:14", "end": "00:35:20", "text": "it might be, you know, something that we can actually expand upon. Who knows? But check out Morpho in the TVL. These are"}, {"start": "00:35:20", "end": "00:35:27", "text": "the types of things that aren't dying. Morpho, uh, even with this sharp pullback, this thing has grown to $6.1"}, {"start": "00:35:27", "end": "00:35:34", "text": "billion in total value locked. Now, I do want to go check out some stuff in terms of lending."}, {"start": "00:35:34", "end": "00:35:42", "text": "So, let's look at the top winners here in terms of lending. And Morpho is sitting right below A. A is at $31"}, {"start": "00:35:42", "end": "00:35:48", "text": "billion in TVL, though. Morpho is starting to climb up that that ladder."}, {"start": "00:35:48", "end": "00:35:55", "text": "And you know what? If Morpho keeps climbing the ladder like it is, it's kind of got that dub from Coinbase"}, {"start": "00:35:55", "end": "00:36:02", "text": "as well with their investment in it. It's in the base ecosystem. So it's got a multi- multi-layer"}, {"start": "00:36:02", "end": "00:36:08", "text": "reasoning with to be positioned in the future. So that's a great reminder by the way, Drew, as well. We've seen over"}, {"start": "00:36:08", "end": "00:36:17", "text": "the last, you know, 10 years I've been in the leaderboard, let's say even the top 50 has changed so dramatically every year."}, {"start": "00:36:17", "end": "00:36:22", "text": "And so even right now, A is going to do exceptionally well. Uh when you look at"}, {"start": "00:36:22", "end": "00:36:28", "text": "other coins, whether it's Avalanche or uh just name the coin, it doesn't matter. We are still so early in this"}, {"start": "00:36:28", "end": "00:36:35", "text": "ecosystem. There is not a clear winner. The only clear winner right now in in crypto is Bitcoin in terms of its"}, {"start": "00:36:35", "end": "00:36:42", "text": "positioning what it does. Every other altcoin stands to be dethroned to be stepped over. Uh there's going to be a"}, {"start": "00:36:42", "end": "00:36:47", "text": "lot of movement. So although a is so dominant over Morpho, it doesn't mean"}, {"start": "00:36:47", "end": "00:36:52", "text": "that Morpho couldn't couldn't go out there and try to uh to to have its own flipping as well, you know."}, {"start": "00:36:52", "end": "00:37:01", "text": "Yeah, absolutely. you know, the portfolio like Lana's trying to hold on for its life. Jetto going to extreme"}, {"start": "00:37:01", "end": "00:37:06", "text": "lows here. Um, Salana at 132, Chain"}, {"start": "00:37:06", "end": "00:37:11", "text": "Link. I mean, the brutality is real. The brutality is real. Thankfully, most of"}, {"start": "00:37:11", "end": "00:37:17", "text": "my actions in Bitcoin, Aerodrome, Morpho, and Chain Link. I am thankful for that. And I think Chainlink,"}, {"start": "00:37:17", "end": "00:37:24", "text": "Aerodrome, and Morpho have the ability to exist and thrive into the next year and beyond that. So, when we're thinking"}, {"start": "00:37:24", "end": "00:37:31", "text": "about, oh my god, do we go buy the all-time lows of this memecoin or do we buy the"}, {"start": "00:37:31", "end": "00:37:36", "text": "all-time lows of that vaporware, just take a breath, okay? Just take a"}, {"start": "00:37:36", "end": "00:37:43", "text": "breath. Sometimes you really, really need to just focus on making money slowly and protecting it quickly. I'm"}, {"start": "00:37:43", "end": "00:37:51", "text": "going to say that over and over again because I feel fullheartedly about that. We are in untredded waters. Kelly said"}, {"start": "00:37:51", "end": "00:37:59", "text": "it yesterday, I think. All models are broken. All models are broken. So, let"}, {"start": "00:37:59", "end": "00:38:06", "text": "me unmute you here real quick. Sorry about that. David Gobstein also put it best. He said, uh, honestly, I"}, {"start": "00:38:06", "end": "00:38:13", "text": "feel like some of you want generational wealth with lottery ticket habits. People forget one 2% moves whether it's"}, {"start": "00:38:13", "end": "00:38:18", "text": "DeFi crypto airdrops and what they're teaching about utilizing DeFi allowing"}, {"start": "00:38:18", "end": "00:38:25", "text": "yourself to not only swing at 77x at you know 77x on your entire portfolio you"}, {"start": "00:38:25", "end": "00:38:32", "text": "end up losing the people that are making it are buying smart being patient and when they do take trades are stacking 2%"}, {"start": "00:38:32", "end": "00:38:40", "text": "8% sometimes 17% 15% 6% it's these small things compounding over time So, we need"}, {"start": "00:38:40", "end": "00:38:48", "text": "to get out of the lottery ticket habit mentality. Yeah, absolutely. That's great, great advice. You know, I did see one thing"}, {"start": "00:38:48", "end": "00:38:54", "text": "though, Kelly, that makes me very, very intrigued by the memecoin"}, {"start": "00:38:54", "end": "00:39:01", "text": "space. There's one memecoin that I'd say is intriguing. It's Giga."}, {"start": "00:39:01", "end": "00:39:07", "text": "They are rolling out protein preworkout super greens uh"}, {"start": "00:39:07", "end": "00:39:13", "text": "supplements a supplement line that is with Giga the token. This is a"}, {"start": "00:39:13", "end": "00:39:18", "text": "token and look they got electrolyte powder. They're actually going to be"}, {"start": "00:39:18", "end": "00:39:24", "text": "selling these things in a Walmart. So now I got to go look at Giga Chad. Okay,"}, {"start": "00:39:24", "end": "00:39:30", "text": "I do got to go look at Giga because this is intriguing. I'm gonna buy it. First"}, {"start": "00:39:30", "end": "00:39:35", "text": "of all, I'm gonna buy the Oh my god, look at it. It runs a real product. This"}, {"start": "00:39:35", "end": "00:39:42", "text": "thing looks dead. But I could I could do a half a percent."}, {"start": "00:39:42", "end": "00:39:49", "text": "I could do a half a percent. I could take a half a percent swing of this. This is giving Pudgy Penguin vibes. If"}, {"start": "00:39:49", "end": "00:39:55", "text": "you get your product in Walmart and you have a real revenue model as a even if"}, {"start": "00:39:55", "end": "00:40:01", "text": "you are a [ __ ] meme, if you have a revenue model and Giga is far from a a"}, {"start": "00:40:01", "end": "00:40:07", "text": "[ __ ] meme. I mean, this is one of the best memes out there, the Gigaface, you know what I mean? So, it's got"}, {"start": "00:40:07", "end": "00:40:12", "text": "staying power. Um, let's see here. So disheartening. Don't be disheartened."}, {"start": "00:40:12", "end": "00:40:18", "text": "Justin Wilson. This is the time where we must change our thesis, right? I don't"}, {"start": "00:40:18", "end": "00:40:23", "text": "own any Giga Chad yet, but I'm thinking about buying it. John Wick. Jesus. Um,"}, {"start": "00:40:23", "end": "00:40:30", "text": "I'm thinking about buying it. I'm thinking about buying it. Trying to buy my because I cover crypto. I swear I'm going to deport. I can't wait till we're"}, {"start": "00:40:30", "end": "00:40:37", "text": "out of jail on YouTube. I am going to deport so many people. It's going to be huge."}, {"start": "00:40:37", "end": "00:40:42", "text": "Like, I have so many deportations on our mind right now. What is this that we got here? Trust the patience. Just a"}, {"start": "00:40:42", "end": "00:40:49", "text": "reminder everybody, it's all about patience. In anything in life you're trying to strive for, a relationship,"}, {"start": "00:40:49", "end": "00:40:55", "text": "health, uh you know, working out, portfolio, patience is absolutely key."}, {"start": "00:40:55", "end": "00:41:02", "text": "If you don't have patience that you can trust, practice it. You have to be consistent. You have to have consistency"}, {"start": "00:41:02", "end": "00:41:07", "text": "of a you have to have action and consistency. If you don't have that, what are you expecting to happen if you"}, {"start": "00:41:07", "end": "00:41:12", "text": "don't have action and consistency? Start somewhere and then practice consistency"}, {"start": "00:41:12", "end": "00:41:18", "text": "in it. Trust in faith. Don't have it? Find God. Whatever God is to you. Okay?"}, {"start": "00:41:18", "end": "00:41:26", "text": "And nothing happens without action, patience, consistency, and faith. Especially uh in the ability to maintain"}, {"start": "00:41:26", "end": "00:41:31", "text": "some sort of action flow over a period of time. Yeah. And I will say just because you"}, {"start": "00:41:31", "end": "00:41:37", "text": "have a wrench doesn't mean that you can't catch. You are banned."}, {"start": "00:41:37", "end": "00:41:42", "text": "Zack nasty. Okay, I see you. I just I have to ban him whenever I see his his"}, {"start": "00:41:42", "end": "00:41:48", "text": "his moment there. It's a time to reflect. Did you fall for things that"}, {"start": "00:41:48", "end": "00:41:53", "text": "maybe were just complete vapor wear? Did you not look at the TVL? These are"}, {"start": "00:41:53", "end": "00:41:59", "text": "learning lessons. And I know I've been kind of a jerk for a long time about a"}, {"start": "00:41:59", "end": "00:42:04", "text": "lot of different projects and people get mad at me, but who's laughing now,"}, {"start": "00:42:04", "end": "00:42:10", "text": "right? I mean, when the music stops, the bodies start flowing up. And you really have to make sure that"}, {"start": "00:42:10", "end": "00:42:17", "text": "you are not overallocating yourself into things that have zero revenue and zero reason to exist. That is a very very"}, {"start": "00:42:17", "end": "00:42:24", "text": "important thing. And you know, Kelly, can we look at some charts here? Do you got some charts you"}, {"start": "00:42:24", "end": "00:42:31", "text": "want to look at? Because is there any like is there anything because I've given my thesis on where things go from"}, {"start": "00:42:31", "end": "00:42:36", "text": "here. I think I've said on my soapbox enough people get my thesis. I will say"}, {"start": "00:42:36", "end": "00:42:42", "text": "before Kelly takes over the charts, get in the Discord if you want to try to print some tether on the way down. Get"}, {"start": "00:42:42", "end": "00:42:47", "text": "in the Discord. We printed again this morning. But what you got there, brother? Oh, I just wanted to show, you know,"}, {"start": "00:42:47", "end": "00:42:53", "text": "everybody's looking at what's going on in the market. We've lost this lower deviation. I'm watching for potential"}, {"start": "00:42:53", "end": "00:42:59", "text": "pot hopefully a bounce at some point, right? This it doesn't go just straight down. So, I'd be watching in this 82 to"}, {"start": "00:42:59", "end": "00:43:06", "text": "$84,000 range. If we lose that then I mean this is that clear range that you talked about back down to that that"}, {"start": "00:43:06", "end": "00:43:12", "text": "green line in the sand that you had is roughly I mean it's a pretty major line. If we lose that I mean it's like I don't"}, {"start": "00:43:12", "end": "00:43:18", "text": "want to say all over in the near term but it means things are really bad. But at some point this has to at some point"}, {"start": "00:43:18", "end": "00:43:24", "text": "this has to have some sort of bounce. Maybe gets rejected and gets much worse or we get that V-shaped correction like"}, {"start": "00:43:24", "end": "00:43:29", "text": "we did here uh like we very widely did here. Um but as it stands right now it's"}, {"start": "00:43:29", "end": "00:43:36", "text": "not even worth looking. Okay, Ethereum, okay, losing Ethereum to Bitcoin actually holding decently. Uh the"}, {"start": "00:43:36", "end": "00:43:41", "text": "Bitcoin dominance somehow, this is the most confounding thing ever."}, {"start": "00:43:41", "end": "00:43:47", "text": "Somehow, yes, that e the Bitcoin dominance is falling, meaning all alts are actually holding up"}, {"start": "00:43:47", "end": "00:43:52", "text": "a little bit. But if the sentiment truly does evaporate, then you're going to see"}, {"start": "00:43:52", "end": "00:43:58", "text": "this skyrocket because that means your alts are they got bricks tied to their"}, {"start": "00:43:58", "end": "00:44:03", "text": "ankles and they're getting thrown in Lake me and ain't nobody ever going to find them."}, {"start": "00:44:03", "end": "00:44:09", "text": "Well, and then another part of this is probably the stable coins, right? We've seen lots and lots of stable coins being"}, {"start": "00:44:09", "end": "00:44:15", "text": "printed. Here's here's dominance without sta without tether. Yeah, falling off a cliff. Absolutely"}, {"start": "00:44:15", "end": "00:44:21", "text": "falling off a cliff. Um, stable coins being issued is going to skew the"}, {"start": "00:44:21", "end": "00:44:27", "text": "metrics. A lot of people are like, \"Where's alt season?\" It's a stable coin super cycle. But the crazy part about"}, {"start": "00:44:27", "end": "00:44:33", "text": "this, I think we need to examine Circle. We you we we took a look at it this"}, {"start": "00:44:33", "end": "00:44:40", "text": "morning. There are a lot of stable coins being printed. Welcome to a Jet 2 holiday. There are"}, {"start": "00:44:40", "end": "00:44:47", "text": "roundtrip tickets here for Circle. the hottest narrative in crypto goes up and"}, {"start": "00:44:47", "end": "00:44:53", "text": "it comes down to land. Like Circle feels like still even"}, {"start": "00:44:53", "end": "00:45:01", "text": "looking at this chart I feel like Circle is going to be what they call the CBDC in like five or 10 years. Is this a buy?"}, {"start": "00:45:01", "end": "00:45:07", "text": "Does it go to zero? Like I mean it's it's basically it's probably I if I had to guess this is going to go"}, {"start": "00:45:07", "end": "00:45:15", "text": "below its listing price which was 6360 about that area. Where's the low? Uh I"}, {"start": "00:45:15", "end": "00:45:20", "text": "can't see L. No way. It's 76. That's no way. Hold on. Let me see."}, {"start": "00:45:20", "end": "00:45:26", "text": "Right here. I'm looking right here on the OLC. L is low. $64 was a listing."}, {"start": "00:45:26", "end": "00:45:33", "text": "It's$ two dollars above listing. And people bought here thinking I don't want this to run away. What happened? Any"}, {"start": "00:45:33", "end": "00:45:38", "text": "possible profits in the near term ran away as this came back to land in Haiti."}, {"start": "00:45:38", "end": "00:45:45", "text": "Dude, like I mean this is absolutely insane to see. And like I feel like circle is an immovable object. It makes"}, {"start": "00:45:45", "end": "00:45:52", "text": "me want to buy a little bit of this. It really really does. We did half the circle. We did this whole half. Are we going to do this?"}, {"start": "00:45:52", "end": "00:45:58", "text": "That's what they meant by circle this whole time. H how many profits are you gonna have?"}, {"start": "00:45:58", "end": "00:46:05", "text": "Circle. guys just, you know, if these charts are"}, {"start": "00:46:05", "end": "00:46:10", "text": "causing you a lot of Zeke is going to crash. I mean, I I"}, {"start": "00:46:10", "end": "00:46:17", "text": "understand it's got pun pumpmentals, but everyone's like, \"Okay, we're going to we're going to fullport our all coins"}, {"start": "00:46:17", "end": "00:46:24", "text": "that are down into a zeke bag that is at extreme all-time highs. How do you think that is going to play out?\" Right?"}, {"start": "00:46:24", "end": "00:46:32", "text": "Please stop getting hurt in front of these moving trains. I was like, \"Oh, remember these guys are wrong. I just I"}, {"start": "00:46:32", "end": "00:46:38", "text": "want so badly to be out of YouTube jail for the deportations, Kelly. I can't get"}, {"start": "00:46:38", "end": "00:46:43", "text": "over it. I So, it's coming. I think we got 15 more days in jail. You'll get"}, {"start": "00:46:43", "end": "00:46:48", "text": "yours.\" Um, isn't it like 12 or something? Because I remember last week it was 14."}, {"start": "00:46:48", "end": "00:46:56", "text": "It's like Yeah, I think we're coming down. But I will say for Zeke, what I do like about it is a little bit of"}, {"start": "00:46:56", "end": "00:47:02", "text": "hardened infrastructure to combat potential quantum computing risks that"}, {"start": "00:47:02", "end": "00:47:09", "text": "would be coming for a lot of different uh altcoins, potentially even old school"}, {"start": "00:47:09", "end": "00:47:16", "text": "Bitcoin wallets. So Zeke is something I'm not going to chase. I like Jason's"}, {"start": "00:47:16", "end": "00:47:23", "text": "uh message there in the chat. Do not chase. Do not buy all-time highs for any coin. Very sound advice. Very based"}, {"start": "00:47:23", "end": "00:47:30", "text": "individual you are. But it's something I'd add to the portfolio with a substantial pullback happening. At this"}, {"start": "00:47:30", "end": "00:47:36", "text": "point right now, I'm not going to buy it. Um, but I think that the quantum"}, {"start": "00:47:36", "end": "00:47:42", "text": "computing aspects that are coming down the line need to be taken seriously."}, {"start": "00:47:42", "end": "00:47:47", "text": "There are old Bitcoin bags with risks"}, {"start": "00:47:47", "end": "00:47:53", "text": "should quantum computing be used to uh take on. And just low-key,"}, {"start": "00:47:53", "end": "00:47:59", "text": "I think North Korea is working with China and they are working on cracking those old school wallets that got left"}, {"start": "00:47:59", "end": "00:48:06", "text": "behind actively right now. And they might have already done it. That might be playing into why we see this major pullback. Aerod Drrome being one that"}, {"start": "00:48:06", "end": "00:48:11", "text": "lasts. I do feel like that as well. Um, I do feel like aerodyome is around and"}, {"start": "00:48:11", "end": "00:48:17", "text": "here to stay. It's about power structures. I think Coinbase is going to be the United States crypto power play"}, {"start": "00:48:17", "end": "00:48:23", "text": "and a lot of that action is going to be moved into the base ecosystem. Aer drone"}, {"start": "00:48:23", "end": "00:48:28", "text": "being a key infrastructure piece of that. Morpho another major key of that."}, {"start": "00:48:28", "end": "00:48:34", "text": "So, it's not about TA for me right now. It's about migration. It's about where"}, {"start": "00:48:34", "end": "00:48:41", "text": "are the birds flying? Where is the money going to flow? And that's how I uh look at things. So TF is going on. What's up,"}, {"start": "00:48:41", "end": "00:48:48", "text": "Alexander? Uh how do I feel about Well, I got out of it at three. Okay, so here's my process. I got into Moonwell"}, {"start": "00:48:48", "end": "00:48:55", "text": "at 6 cents. Price structure fell apart. I got out at 5 cents. Waited for some pullback, some hope. Fell down to 3"}, {"start": "00:48:55", "end": "00:49:02", "text": "cents. I was like, okay, I'm going to get in at 3 cents. Fell below that. Went to like 250. I got out again, and now"}, {"start": "00:49:02", "end": "00:49:08", "text": "it's sub 1 cent. So, you know, that's one that was super aggravating, really"}, {"start": "00:49:08", "end": "00:49:15", "text": "confusing how they were able to get a banking routing number and a bank account information connected to that."}, {"start": "00:49:15", "end": "00:49:22", "text": "Uh, but you know what? I'm not I'm not interested. The the now I think MAMO"}, {"start": "00:49:22", "end": "00:49:28", "text": "might be of interest because it's a DeFi AI agent, but in this environment, it's probably getting absolutely bludgeoning."}, {"start": "00:49:28", "end": "00:49:33", "text": "Let's go look at Mammo. In this environment, Mamo is probably"}, {"start": "00:49:33", "end": "00:49:38", "text": "Mimo at this point. Oh god. Oh, that's Mumu."}, {"start": "00:49:38", "end": "00:49:44", "text": "That's Mumu. Oh,"}, {"start": "00:49:44", "end": "00:49:51", "text": "look. It's below release point. Like, I mean, this is where this is Thunderdome, right? So, if you"}, {"start": "00:49:51", "end": "00:49:58", "text": "have a mind's eye to look at these types of things, just approach them with a very, very small percentage. Um, Clanker"}, {"start": "00:49:58", "end": "00:50:04", "text": "is an interesting one. Let's go look at Clanker. I've been meaning to uh God, I don't"}, {"start": "00:50:04", "end": "00:50:11", "text": "know if this is the right one. You're going to have to send me I don't want to pull up the wrong Clanker and then give some weird community a bunch of hope and"}, {"start": "00:50:11", "end": "00:50:17", "text": "then they clip me. Bloom I got out of too. I had to insulate."}, {"start": "00:50:17", "end": "00:50:22", "text": "I told you guys I was insulating a while ago. I got out of it. I'm like it keeps"}, {"start": "00:50:22", "end": "00:50:29", "text": "climbing. Oh my god. 2.4 cents. Jesus. Murphy, Mary, and Joseph."}, {"start": "00:50:29", "end": "00:50:37", "text": "Maybe that's why I have a smile on my face is because I left before the true doomsday came. Jesus. Jesus. Murvy,"}, {"start": "00:50:37", "end": "00:50:44", "text": "Mary, and Joseph. Um, you know what happened, Drew? What's that? All the prophets"}, {"start": "00:50:44", "end": "00:50:50", "text": "got deported. That's true. That's really true. We got We gota We gota I don't want to"}, {"start": "00:50:50", "end": "00:50:55", "text": "say risk off, but you need to be very smart about what you're doing right now. There's risk and it's not just Bitcoin."}, {"start": "00:50:55", "end": "00:51:01", "text": "We're seeing it across the market. there's something funky going on. Uh, you know, we do see reverse repo market"}, {"start": "00:51:01", "end": "00:51:07", "text": "kind of at a baseline low, which does suggest that there's going to be some sort of influx of capital there. The"}, {"start": "00:51:07", "end": "00:51:14", "text": "Treasury general account is starting to roll over a touch, but still got like $920 billion in it. Um, I think we're"}, {"start": "00:51:14", "end": "00:51:21", "text": "waiting a little bit on what happens December 10th and then December 10th into remember tax season. uh not we"}, {"start": "00:51:21", "end": "00:51:27", "text": "don't do our taxes but big corporations and tax shuffling that people also do coming into the end of the year and then"}, {"start": "00:51:27", "end": "00:51:32", "text": "we have uh that that can that was only kicked two months regarding the government shutdown is then at the end"}, {"start": "00:51:32", "end": "00:51:37", "text": "of January. So I think we're in this sort of purgatory uh purgatory of of"}, {"start": "00:51:37", "end": "00:51:42", "text": "real risk coming into the market. Um but I I'm still uh a bruised bull, but I'm"}, {"start": "00:51:42", "end": "00:51:49", "text": "still a bull on 2026. Uh, in fact, it makes me more bullish that we're we're seeing price action like this uh to the"}, {"start": "00:51:49", "end": "00:51:55", "text": "downside. Uh, that, you know, Wall Street's here, institutions, institutional games are a foot. Uh, and"}, {"start": "00:51:55", "end": "00:52:02", "text": "they know how to shake these markets out. And, you know, I have people that are industry insiders that are texting me and they're like, \"Dude, what in the"}, {"start": "00:52:02", "end": "00:52:09", "text": "actual like, so it's not you out there, everybody watching, everybody's feeling this way. That's not the guy that's"}, {"start": "00:52:09", "end": "00:52:15", "text": "actually putting the orders in the order book from Black Rockck, okay? Or Winter Mute. So, you're not wrong to feel that"}, {"start": "00:52:15", "end": "00:52:20", "text": "way, but remember, there's things outside of these charts. Uh, but we're here on a daily basis for you. That's"}, {"start": "00:52:20", "end": "00:52:27", "text": "what we do. Yeah, absolutely. And I think, you know, we're going to be here to stay. I do see questions about Salana. Salana's here to"}, {"start": "00:52:27", "end": "00:52:34", "text": "stay, too, you guys. Like, I'm checking out TVL hasn't had a massive massive pullback. They're about to do the stake"}, {"start": "00:52:34", "end": "00:52:40", "text": "ETF action on there. AI agent activity is still staying strong. Salana has many"}, {"start": "00:52:40", "end": "00:52:47", "text": "different angles of success on top of the uh on top of the meme coins, right?"}, {"start": "00:52:47", "end": "00:52:54", "text": "That's just the scratching of the surface, but just remain calm, right? It's going to be okay. Everything is"}, {"start": "00:52:54", "end": "00:52:59", "text": "going to be fine. You just have to kind of change and mold with how this"}, {"start": "00:52:59", "end": "00:53:06", "text": "environment is. Um right now there is headwinds, there is concern. Also, make"}, {"start": "00:53:06", "end": "00:53:12", "text": "sure you guys are um tuning into Kelly tonight. Kelly, you're doing a spaces right now with Bitcoin IRA tonight,"}, {"start": "00:53:12", "end": "00:53:19", "text": "aren't you? Yeah. Well, we it's sponsored by Bitcoin IRA, but we've got I can't pull up the screen for some reason. There we go. Uh"}, {"start": "00:53:19", "end": "00:53:25", "text": "it's going to be uh through the Discover account. I'll you know, I'll be hosting it. Chris Klein, uh Senator Klein is"}, {"start": "00:53:25", "end": "00:53:31", "text": "Chris Klein, founder of Bitcoin IRA. But then we also have the real plan C who's been really breaking down some great"}, {"start": "00:53:31", "end": "00:53:37", "text": "data on chain, what's going on. David Goxin, massive powerhouse understanding what's going on in the market, both"}, {"start": "00:53:37", "end": "00:53:43", "text": "Bitcoin and the broader market. Antoine RSX also great analyst. Uh Chris Terry,"}, {"start": "00:53:43", "end": "00:53:49", "text": "Sammy Loyal, we got some really great guests. And last week we had Grant Cardone popped in. We had uh Dave"}, {"start": "00:53:49", "end": "00:53:55", "text": "Weissberger. These tend to be these are growing and they're great spaces. A lot of alpha about what's going on in the"}, {"start": "00:53:55", "end": "00:54:01", "text": "market. Not just TA and squiggles on charts, but actual real data and great conversation. That's at 5:30 p.m."}, {"start": "00:54:01", "end": "00:54:08", "text": "tonight. I dropped the link there in uh the live chat. You can see it. It's also on my page right here at uh Kelly"}, {"start": "00:54:08", "end": "00:54:14", "text": "Kellum. You can find me there. But yeah, tune in tonight. We'll uh rally together. We can uh quell our fears with"}, {"start": "00:54:14", "end": "00:54:19", "text": "some data. Absolutely. Absolutely. Someone's asking, \"What do I think of Aster?\""}, {"start": "00:54:19", "end": "00:54:25", "text": "Well, prime pays right now. We have market regulation coming to be voted on."}, {"start": "00:54:25", "end": "00:54:31", "text": "They're really not going to be doing any hard-sided, you are in trouble. You are in trouble. None of that's going on."}, {"start": "00:54:31", "end": "00:54:38", "text": "They're basically just organizing who's going to be regulating what here in the United States. Finance kind of out of"}, {"start": "00:54:38", "end": "00:54:45", "text": "the bag of our peer view and abilities from what it looks like and CZ just got a pardon, right? So, Aster not so"}, {"start": "00:54:45", "end": "00:54:51", "text": "interested. I am uh farming on other decentralized exchanges. Another one VEX"}, {"start": "00:54:51", "end": "00:54:58", "text": "I like using. I know DZ's on edex and we've been messing around with Edex, a bunch of them, but I think Aster, you"}, {"start": "00:54:58", "end": "00:55:04", "text": "know, it's already had its run up. I'm not going to feel like I'm getting in early uh by going in there and trying to"}, {"start": "00:55:04", "end": "00:55:10", "text": "farm on there. But I love you guys. I really really think it's going to be okay as long as you're not"}, {"start": "00:55:10", "end": "00:55:15", "text": "overallocating yourself into vaporware right now. Do not revenge trade. Get in"}, {"start": "00:55:15", "end": "00:55:23", "text": "our Discord. Learn how to do DeFi and use crypto. Put your crypto to work."}, {"start": "00:55:23", "end": "00:55:29", "text": "It's going to be just fine. So stay focused. Staybased. Do not lose your"}, {"start": "00:55:29", "end": "00:55:36", "text": "head in this environment. This is where we can find absolutely disgusting entry points over the next few months as this"}, {"start": "00:55:36", "end": "00:55:41", "text": "mo market. If it continues to draw down and we go into the guts of that 60"}, {"start": "00:55:41", "end": "00:55:47", "text": "$70,000, imagine how cheap good projects are going to be at that time frame. Take a breath. I love and appreciate every"}, {"start": "00:55:47", "end": "00:55:53", "text": "single one of you and print some money with us. I The Discord is printing. For God's sakes, take advantage of this. I"}, {"start": "00:55:53", "end": "00:55:59", "text": "love you guys and we will see you on the next episode. Till next time, take care."}, {"start": "00:55:59", "end": "00:56:05", "text": "We just wanted to take a quick second to shout out our sponsor, Arculus. They are a cold storage hardware wallet. Helps"}, {"start": "00:56:05", "end": "00:56:11", "text": "you secure all of your digital assets for the future. Just tap this thing to the back of your phone and boom, you're in. We wouldn't be able to do this"}, {"start": "00:56:11", "end": "00:56:16", "text": "without them, but also wouldn't be able to do this without you guys, the Disco Fam. You've supported us a lot over the"}, {"start": "00:56:16", "end": "00:56:22", "text": "years. If you want to support the channel now, just use the code DC20. It gets you 20% off this card. It's the"}, {"start": "00:56:22", "end": "00:56:29", "text": "number one way you can support this channel going forward. Thank you for your support. We'll see at"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "The day of our altcoin dreams is upon"}, {"start": "00:00:02", "end": "00:00:06", "text": "us, folks. Swift is going completely"}, {"start": "00:00:06", "end": "00:00:09", "text": "fully integrated with the ISO200022"}, {"start": "00:00:09", "end": "00:00:13", "text": "standards on Saturday of this week. Now,"}, {"start": "00:00:13", "end": "00:00:15", "text": "obviously, I feel like this is massive"}, {"start": "00:00:15", "end": "00:00:16", "text": "news for one of my favorite altcoins,"}, {"start": "00:00:16", "end": "00:00:19", "text": "Chain Link, but we got to dig into what"}, {"start": "00:00:19", "end": "00:00:22", "text": "this actually might do to XRP. At the"}, {"start": "00:00:22", "end": "00:00:23", "text": "end of this video, we're going to dive"}, {"start": "00:00:23", "end": "00:00:25", "text": "into that and see if this is going to"}, {"start": "00:00:25", "end": "00:00:26", "text": "have any tangible effect for Ripple and"}, {"start": "00:00:26", "end": "00:00:29", "text": "XRP holders as we move into the end of"}, {"start": "00:00:29", "end": "00:00:31", "text": "this year. So, make sure to stay tuned"}, {"start": "00:00:31", "end": "00:00:33", "text": "for that and let's get into it. Now, as"}, {"start": "00:00:33", "end": "00:00:35", "text": "the weekends are being completely shook"}, {"start": "00:00:35", "end": "00:00:38", "text": "out from this recent market downturn,"}, {"start": "00:00:38", "end": "00:00:40", "text": "every single weak-handed chain link"}, {"start": "00:00:40", "end": "00:00:43", "text": "holder is getting ready to capitulate."}, {"start": "00:00:43", "end": "00:00:45", "text": "They're ready to sell their bags right"}, {"start": "00:00:45", "end": "00:00:47", "text": "as world adoption of crypto is at the"}, {"start": "00:00:47", "end": "00:00:50", "text": "doorstep and true utility is about to"}, {"start": "00:00:50", "end": "00:00:52", "text": "take place and the integrations being"}, {"start": "00:00:52", "end": "00:00:54", "text": "announced right now as retail are"}, {"start": "00:00:54", "end": "00:00:57", "text": "completely distracted by the markets is"}, {"start": "00:00:57", "end": "00:01:00", "text": "honestly quite insane timing. It makes a"}, {"start": "00:01:00", "end": "00:01:02", "text": "hell of a lot of sense to me if I were"}, {"start": "00:01:02", "end": "00:01:04", "text": "the world powers of banking"}, {"start": "00:01:04", "end": "00:01:06", "text": "infrastructure to scare the hell out of"}, {"start": "00:01:06", "end": "00:01:08", "text": "all of the holders of one of the apex"}, {"start": "00:01:08", "end": "00:01:10", "text": "altcoin assets on the planet right"}, {"start": "00:01:10", "end": "00:01:13", "text": "before you roll it into real world use"}, {"start": "00:01:13", "end": "00:01:15", "text": "of payments across the planet through"}, {"start": "00:01:15", "end": "00:01:18", "text": "Swift and the CCIP crosschain"}, {"start": "00:01:18", "end": "00:01:20", "text": "interoperability protocol. This is"}, {"start": "00:01:20", "end": "00:01:22", "text": "something I have not missed a beat on"}, {"start": "00:01:22", "end": "00:01:24", "text": "tracking, folks. And the overall flow of"}, {"start": "00:01:24", "end": "00:01:27", "text": "what we've been looking at from Swift"}, {"start": "00:01:27", "end": "00:01:29", "text": "and how they're going to connect the"}, {"start": "00:01:29", "end": "00:01:31", "text": "world of traditional finance to"}, {"start": "00:01:31", "end": "00:01:34", "text": "cryptocurrency is mapped out right in"}, {"start": "00:01:34", "end": "00:01:36", "text": "front of us. But with the current"}, {"start": "00:01:36", "end": "00:01:38", "text": "sentiment and Bitcoin breaking below"}, {"start": "00:01:38", "end": "00:01:39", "text": "$90,000,"}, {"start": "00:01:39", "end": "00:01:41", "text": "banishing altcoins across the board as"}, {"start": "00:01:41", "end": "00:01:44", "text": "vaporware goes up into flames, people"}, {"start": "00:01:44", "end": "00:01:45", "text": "understandably are running for the"}, {"start": "00:01:45", "end": "00:01:48", "text": "hills. But the bullish updates don't"}, {"start": "00:01:48", "end": "00:01:50", "text": "stop there. This is a great post from"}, {"start": "00:01:50", "end": "00:01:53", "text": "Linkboy that we got to take a look at."}, {"start": "00:01:53", "end": "00:01:56", "text": "Swift joining the European Central Bank"}, {"start": "00:01:56", "end": "00:01:59", "text": "in the digital euro innovation platform."}, {"start": "00:01:59", "end": "00:02:01", "text": "Looks like Link will have to announce"}, {"start": "00:02:01", "end": "00:02:04", "text": "another partnership on top of everything"}, {"start": "00:02:04", "end": "00:02:06", "text": "else going on right now. Haven't found"}, {"start": "00:02:06", "end": "00:02:08", "text": "anything yet in the documents of the"}, {"start": "00:02:08", "end": "00:02:10", "text": "digital euro, but if the digital euro"}, {"start": "00:02:10", "end": "00:02:13", "text": "flows through Swift, it will probably"}, {"start": "00:02:13", "end": "00:02:16", "text": "use Chainlink. Now, the timeline on when"}, {"start": "00:02:16", "end": "00:02:20", "text": "Swift goes completely live with CCIP"}, {"start": "00:02:20", "end": "00:02:23", "text": "after the integration of ISO 2022"}, {"start": "00:02:23", "end": "00:02:26", "text": "happens on Saturday is still largely up"}, {"start": "00:02:26", "end": "00:02:27", "text": "in the air. But there's been some"}, {"start": "00:02:27", "end": "00:02:30", "text": "serious speculation like this from"}, {"start": "00:02:30", "end": "00:02:33", "text": "Access Research that highlights the"}, {"start": "00:02:33", "end": "00:02:36", "text": "likelihood of us going live with CCIP in"}, {"start": "00:02:36", "end": "00:02:39", "text": "the later part of November. And it was"}, {"start": "00:02:39", "end": "00:02:41", "text": "also notably announced at the Cyos event"}, {"start": "00:02:41", "end": "00:02:44", "text": "where Chainlink hosted 24 of the biggest"}, {"start": "00:02:44", "end": "00:02:46", "text": "financial market participants on the"}, {"start": "00:02:46", "end": "00:02:48", "text": "planet where there's a whole hell of a"}, {"start": "00:02:48", "end": "00:02:50", "text": "lot of conversation about the outlook of"}, {"start": "00:02:50", "end": "00:02:54", "text": "Chainlink and CCIP going live with Swift"}, {"start": "00:02:54", "end": "00:02:58", "text": "at the end of 2025 or as late as Q1 of"}, {"start": "00:02:58", "end": "00:03:00", "text": "2026."}, {"start": "00:03:00", "end": "00:03:01", "text": "Something important to note about all of"}, {"start": "00:03:01", "end": "00:03:04", "text": "this is that they already have the pilot"}, {"start": "00:03:04", "end": "00:03:07", "text": "program rolling between Swift and CCIP."}, {"start": "00:03:07", "end": "00:03:09", "text": "November is the likely deployment time"}, {"start": "00:03:09", "end": "00:03:13", "text": "frame when the actual use case goes"}, {"start": "00:03:13", "end": "00:03:15", "text": "live, not just in a pilot test"}, {"start": "00:03:15", "end": "00:03:17", "text": "environment for chain link. Now, I feel"}, {"start": "00:03:17", "end": "00:03:19", "text": "like the timing of this release and"}, {"start": "00:03:19", "end": "00:03:21", "text": "going live isn't going to put me in some"}, {"start": "00:03:21", "end": "00:03:23", "text": "up only hypers speculative environment"}, {"start": "00:03:23", "end": "00:03:25", "text": "for chain link or really altcoins in"}, {"start": "00:03:25", "end": "00:03:27", "text": "general as the market is taking a"}, {"start": "00:03:27", "end": "00:03:30", "text": "gigantic dump right now. But if you read"}, {"start": "00:03:30", "end": "00:03:32", "text": "through the lines and look through the"}, {"start": "00:03:32", "end": "00:03:34", "text": "trees, the avenues for institutional"}, {"start": "00:03:34", "end": "00:03:37", "text": "holding of chain link to pay for oracle"}, {"start": "00:03:37", "end": "00:03:39", "text": "services have just been opened up for"}, {"start": "00:03:39", "end": "00:03:42", "text": "banks here in the United States. Now,"}, {"start": "00:03:42", "end": "00:03:43", "text": "this is some of the more bullish news"}, {"start": "00:03:43", "end": "00:03:46", "text": "that went way under reported from Niku"}, {"start": "00:03:46", "end": "00:03:49", "text": "on Twitter. Shout out to your man. Such"}, {"start": "00:03:49", "end": "00:03:52", "text": "a coincidence. He says that reg what a"}, {"start": "00:03:52", "end": "00:03:54", "text": "coincidence that regulators just allowed"}, {"start": "00:03:54", "end": "00:03:57", "text": "banks to hold crypto for paying network"}, {"start": "00:03:57", "end": "00:03:59", "text": "fees as of this week. And he put this"}, {"start": "00:03:59", "end": "00:04:02", "text": "out 30 minutes after it came out. Now"}, {"start": "00:04:02", "end": "00:04:04", "text": "Swift updates the messaging standards on"}, {"start": "00:04:04", "end": "00:04:06", "text": "Saturday to allow blockchainbased"}, {"start": "00:04:06", "end": "00:04:08", "text": "messaging and adds new standards"}, {"start": "00:04:08", "end": "00:04:11", "text": "specifically for oracles and blockchain"}, {"start": "00:04:11", "end": "00:04:14", "text": "network fees. That's the kind of stuff"}, {"start": "00:04:14", "end": "00:04:16", "text": "that makes my speculative investing into"}, {"start": "00:04:16", "end": "00:04:19", "text": "chain link feel so juicy. And some of"}, {"start": "00:04:19", "end": "00:04:21", "text": "the other notable things for chain link"}, {"start": "00:04:21", "end": "00:04:23", "text": "and XRP are happening right now. Some"}, {"start": "00:04:23", "end": "00:04:25", "text": "notable things on Wall Street are"}, {"start": "00:04:25", "end": "00:04:27", "text": "happening for not just chain link but"}, {"start": "00:04:27", "end": "00:04:29", "text": "also XRP right now. And let's have a"}, {"start": "00:04:29", "end": "00:04:32", "text": "look. We have Bitwise invest getting"}, {"start": "00:04:32", "end": "00:04:35", "text": "ready to list their Chainlink ETFs. And"}, {"start": "00:04:35", "end": "00:04:38", "text": "XRP not to be forgotten also rolling out"}, {"start": "00:04:38", "end": "00:04:41", "text": "their pre-Thanksgiving rush according to"}, {"start": "00:04:41", "end": "00:04:43", "text": "Brad Garlinghouse. Shall we say Turkey"}, {"start": "00:04:43", "end": "00:04:46", "text": "Truck he says for XRP ETFs starting now."}, {"start": "00:04:46", "end": "00:04:49", "text": "Congrats to Bitwise on today's launch."}, {"start": "00:04:49", "end": "00:04:54", "text": "And this is an XRP ETF began trading on"}, {"start": "00:04:54", "end": "00:04:56", "text": "the New York Stock Exchange officially."}, {"start": "00:04:56", "end": "00:04:58", "text": "But the real question we must ask"}, {"start": "00:04:58", "end": "00:05:01", "text": "ourselves is, can enough retail FOMO"}, {"start": "00:05:01", "end": "00:05:04", "text": "into this shiny new object for XRP and"}, {"start": "00:05:04", "end": "00:05:07", "text": "chain link ETFs be enough to really push"}, {"start": "00:05:07", "end": "00:05:10", "text": "the price into a cataclysmic rise up? or"}, {"start": "00:05:10", "end": "00:05:13", "text": "are retail and large investors largely"}, {"start": "00:05:13", "end": "00:05:15", "text": "kind of iffy about the altcoin sector"}, {"start": "00:05:15", "end": "00:05:18", "text": "right now given the recent pullback? I"}, {"start": "00:05:18", "end": "00:05:19", "text": "would think that this is going to kind"}, {"start": "00:05:19", "end": "00:05:22", "text": "of go off with a dud. Nasty downturn,"}, {"start": "00:05:22", "end": "00:05:23", "text": "people looking at the crypto market like"}, {"start": "00:05:23", "end": "00:05:26", "text": "wondering if it's going to zero. I would"}, {"start": "00:05:26", "end": "00:05:28", "text": "wager that Ripple will be using the"}, {"start": "00:05:28", "end": "00:05:30", "text": "strong history that they have of dumping"}, {"start": "00:05:30", "end": "00:05:33", "text": "their XRP tokens onto their holders"}, {"start": "00:05:33", "end": "00:05:36", "text": "heads to use this event as a slight exit"}, {"start": "00:05:36", "end": "00:05:38", "text": "liquidity move. Now, the loyal holders"}, {"start": "00:05:38", "end": "00:05:40", "text": "of XRP, they're not selling. They"}, {"start": "00:05:40", "end": "00:05:43", "text": "believe in what they have, but any sort"}, {"start": "00:05:43", "end": "00:05:46", "text": "of bullish news releases for XRP and"}, {"start": "00:05:46", "end": "00:05:49", "text": "Ripple. Ripple uses this to basically"}, {"start": "00:05:49", "end": "00:05:52", "text": "offload some big bags of XRP onto those"}, {"start": "00:05:52", "end": "00:05:54", "text": "loyal holders heads. But I will say"}, {"start": "00:05:54", "end": "00:05:56", "text": "this, I've never claimed to be a sane"}, {"start": "00:05:56", "end": "00:05:59", "text": "person. So, are my bearish outlooks for"}, {"start": "00:05:59", "end": "00:06:02", "text": "these ETFs completely insane? You let me"}, {"start": "00:06:02", "end": "00:06:04", "text": "know down in the comments if you think"}, {"start": "00:06:04", "end": "00:06:06", "text": "something different might happen after"}, {"start": "00:06:06", "end": "00:06:08", "text": "these releases. I'm all ears for what"}, {"start": "00:06:08", "end": "00:06:10", "text": "you think. The real moral of the story"}, {"start": "00:06:10", "end": "00:06:13", "text": "here is Chainlink has an absolute lock"}, {"start": "00:06:13", "end": "00:06:16", "text": "on this gigantic partnership with the"}, {"start": "00:06:16", "end": "00:06:18", "text": "world's largest money transmitter,"}, {"start": "00:06:18", "end": "00:06:21", "text": "Swift. XRP has always looked to replace"}, {"start": "00:06:21", "end": "00:06:23", "text": "Swift, and I just simply don't think"}, {"start": "00:06:23", "end": "00:06:25", "text": "that that's a very feasible plan to"}, {"start": "00:06:25", "end": "00:06:28", "text": "invest in. For myself personally, I am"}, {"start": "00:06:28", "end": "00:06:30", "text": "looking at one of the greatest wealth"}, {"start": "00:06:30", "end": "00:06:33", "text": "investing opportunities of my lifetime."}, {"start": "00:06:33", "end": "00:06:35", "text": "With these prices beating down to the"}, {"start": "00:06:35", "end": "00:06:36", "text": "point that they're at, Chain Link"}, {"start": "00:06:36", "end": "00:06:39", "text": "getting near $10. I'm actually thinking"}, {"start": "00:06:39", "end": "00:06:41", "text": "about backing up the truck once again if"}, {"start": "00:06:41", "end": "00:06:44", "text": "we do get down to $10. The last time I"}, {"start": "00:06:44", "end": "00:06:46", "text": "backed the truck up on Chain Link was"}, {"start": "00:06:46", "end": "00:06:49", "text": "about $5 and the time before that at"}, {"start": "00:06:49", "end": "00:06:51", "text": "a$1.90"}, {"start": "00:06:51", "end": "00:06:54", "text": "uh pre-bull market of 2021. I am a"}, {"start": "00:06:54", "end": "00:06:57", "text": "long-term visionary. I believe in the"}, {"start": "00:06:57", "end": "00:06:59", "text": "integration of crypto that can actually"}, {"start": "00:06:59", "end": "00:07:01", "text": "change the world in a tangible way, make"}, {"start": "00:07:01", "end": "00:07:04", "text": "it faster, fairer across the board, and"}, {"start": "00:07:04", "end": "00:07:06", "text": "give access to these awesome"}, {"start": "00:07:06", "end": "00:07:08", "text": "technologies to people across the"}, {"start": "00:07:08", "end": "00:07:10", "text": "planet. I believe in crypto. I believe"}, {"start": "00:07:10", "end": "00:07:13", "text": "in the use case of crypto, and I'm"}, {"start": "00:07:13", "end": "00:07:15", "text": "seeing this as a gigantic opportunity"}, {"start": "00:07:15", "end": "00:07:17", "text": "while everyone else seems to be running"}, {"start": "00:07:17", "end": "00:07:20", "text": "for the hills. My last message to you is"}, {"start": "00:07:20", "end": "00:07:22", "text": "do not get shaken out. If you are"}, {"start": "00:07:22", "end": "00:07:24", "text": "worried about this market, take a breath"}, {"start": "00:07:24", "end": "00:07:27", "text": "and join our Discord. We are absolutely"}, {"start": "00:07:27", "end": "00:07:29", "text": "printing money in there with our trading"}, {"start": "00:07:29", "end": "00:07:32", "text": "signal calls and I do implore you to go"}, {"start": "00:07:32", "end": "00:07:33", "text": "take a look because these things have"}, {"start": "00:07:33", "end": "00:07:36", "text": "been absolutely slapping. Link down in"}, {"start": "00:07:36", "end": "00:07:38", "text": "the description for that. But if you"}, {"start": "00:07:38", "end": "00:07:41", "text": "have questions, get at me on Twitter,"}, {"start": "00:07:41", "end": "00:07:43", "text": "Druuth Crypto. I love and appreciate"}, {"start": "00:07:43", "end": "00:07:44", "text": "every single one of you out there and I"}, {"start": "00:07:44", "end": "00:07:48", "text": "will see you on the next episode."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "We just got a buy signal for five"}, {"start": "00:00:02", "end": "00:00:03", "text": "different cryptocurrencies. We have"}, {"start": "00:00:03", "end": "00:00:05", "text": "extreme buy zone for Cardano, Chain"}, {"start": "00:00:05", "end": "00:00:07", "text": "Link, and Ethereum, and good buy zone"}, {"start": "00:00:07", "end": "00:00:10", "text": "for Bitcoin and XRP. Let me know down in"}, {"start": "00:00:10", "end": "00:00:11", "text": "the comments which one would you pull"}, {"start": "00:00:11", "end": "00:00:14", "text": "the trigger"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Look, Bitcoin is crashing, but I have"}, {"start": "00:00:02", "end": "00:00:03", "text": "eight reasons why I think things are"}, {"start": "00:00:03", "end": "00:00:05", "text": "about to turn around imminently. Let's"}, {"start": "00:00:05", "end": "00:00:07", "text": "look at a viral post from Kobe FC"}, {"start": "00:00:07", "end": "00:00:09", "text": "letter. Now, so far, this post is at 4"}, {"start": "00:00:09", "end": "00:00:10", "text": "million views, but here are the eight"}, {"start": "00:00:10", "end": "00:00:12", "text": "reasons. The US is about to send out"}, {"start": "00:00:12", "end": "00:00:15", "text": "$2,000 stimulus checks. Japan is also"}, {"start": "00:00:15", "end": "00:00:17", "text": "preparing their own stimulus package."}, {"start": "00:00:17", "end": "00:00:19", "text": "China has a giant stimulus package. The"}, {"start": "00:00:19", "end": "00:00:21", "text": "Fed is ending quantitative tightening on"}, {"start": "00:00:21", "end": "00:00:23", "text": "December 1st. The US is issuing almost"}, {"start": "00:00:23", "end": "00:00:26", "text": "$2 trillion in treasuries per year."}, {"start": "00:00:26", "end": "00:00:28", "text": "That's a lot of cash hitting the system."}, {"start": "00:00:28", "end": "00:00:29", "text": "Canada is about to restart their own"}, {"start": "00:00:29", "end": "00:00:32", "text": "quantitative easing program. Global M2"}, {"start": "00:00:32", "end": "00:00:33", "text": "money supply, meaning all the money in"}, {"start": "00:00:33", "end": "00:00:37", "text": "circulation at a record 137 trillion."}, {"start": "00:00:37", "end": "00:00:39", "text": "And global rate cuts are at 320 plus"}, {"start": "00:00:39", "end": "00:00:42", "text": "over the last 24 months. Central banks"}, {"start": "00:00:42", "end": "00:00:43", "text": "across the globe are cutting rates. In"}, {"start": "00:00:43", "end": "00:00:45", "text": "what world is another wave of inflation"}, {"start": "00:00:45", "end": "00:00:47", "text": "not on its way? And if you didn't know,"}, {"start": "00:00:47", "end": "00:00:51", "text": "inflation is going to pump Bitcoin."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Elizabeth Warren is going after Donald"}, {"start": "00:00:01", "end": "00:00:03", "text": "Trump for his crypto ties. These"}, {"start": "00:00:03", "end": "00:00:04", "text": "senators want to probe into Trump's"}, {"start": "00:00:04", "end": "00:00:06", "text": "World Liberty fight for illicit token"}, {"start": "00:00:06", "end": "00:00:08", "text": "sales. Senators Jack Reid and Elizabeth"}, {"start": "00:00:08", "end": "00:00:10", "text": "Warren go so far as to say Trump's World"}, {"start": "00:00:10", "end": "00:00:12", "text": "Liberty Fight may pose national security"}, {"start": "00:00:12", "end": "00:00:14", "text": "risks. Now, they're citing this"}, {"start": "00:00:14", "end": "00:00:15", "text": "information from a report from a"}, {"start": "00:00:15", "end": "00:00:17", "text": "nonprofit corporate watchdog called"}, {"start": "00:00:17", "end": "00:00:20", "text": "Accountability US. Now, Accountability"}, {"start": "00:00:20", "end": "00:00:22", "text": "US is a nonprofit that's actually funded"}, {"start": "00:00:22", "end": "00:00:24", "text": "by other nonprofits. And their primary"}, {"start": "00:00:24", "end": "00:00:26", "text": "funer is something called New Venture"}, {"start": "00:00:26", "end": "00:00:28", "text": "Fund. Now, this is from Wikipedia. It is"}, {"start": "00:00:28", "end": "00:00:31", "text": "called a Democrat dark money network."}, {"start": "00:00:31", "end": "00:00:32", "text": "This nonprofit has annual revenue of"}, {"start": "00:00:32", "end": "00:00:35", "text": "nearly $1 billion. And if you look into"}, {"start": "00:00:35", "end": "00:00:37", "text": "who funds that nonprofit, it's this one"}, {"start": "00:00:37", "end": "00:00:39", "text": "right"}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Hi, this is Lesio. Hope you're well. So,"}, {"start": "00:00:01", "end": "00:00:03", "text": "Bitcoin has just done two important"}, {"start": "00:00:03", "end": "00:00:05", "text": "things. In fact, Bitcoin managed to"}, {"start": "00:00:05", "end": "00:00:07", "text": "break this rising uptrend line you're"}, {"start": "00:00:07", "end": "00:00:10", "text": "seeing here recently. And more recently,"}, {"start": "00:00:10", "end": "00:00:13", "text": "you can see that the death cross signal"}, {"start": "00:00:13", "end": "00:00:16", "text": "has just recently triggered as well. The"}, {"start": "00:00:16", "end": "00:00:18", "text": "daily 50 simple moving average, the gray"}, {"start": "00:00:18", "end": "00:00:21", "text": "line, has gone below the 200 simple"}, {"start": "00:00:21", "end": "00:00:22", "text": "moving average here, the green line. So,"}, {"start": "00:00:22", "end": "00:00:24", "text": "what could this mean? Is this a sign"}, {"start": "00:00:24", "end": "00:00:25", "text": "that Bitcoin is moving into a bare"}, {"start": "00:00:25", "end": "00:00:27", "text": "market or downtrend? or are there some"}, {"start": "00:00:27", "end": "00:00:29", "text": "better ways to look at this chart"}, {"start": "00:00:29", "end": "00:00:31", "text": "picture and examine what is happening"}, {"start": "00:00:31", "end": "00:00:33", "text": "here on Bitcoin. So, I'm going to dig"}, {"start": "00:00:33", "end": "00:00:34", "text": "into this chart. All right, guys, join"}, {"start": "00:00:34", "end": "00:00:37", "text": "me."}, {"start": "00:00:43", "end": "00:00:45", "text": "All right, guys, welcome back. So before"}, {"start": "00:00:45", "end": "00:00:46", "text": "we dig into this particular chart of"}, {"start": "00:00:46", "end": "00:00:48", "text": "Bitcoin, which as you can see here has"}, {"start": "00:00:48", "end": "00:00:49", "text": "now broken this downtrend line, and I'm"}, {"start": "00:00:49", "end": "00:00:52", "text": "going to examine the important signal"}, {"start": "00:00:52", "end": "00:00:54", "text": "that has just triggered here, the death"}, {"start": "00:00:54", "end": "00:00:56", "text": "cross signal, which as I'm sure you"}, {"start": "00:00:56", "end": "00:00:57", "text": "know, some analysts consider this to be"}, {"start": "00:00:57", "end": "00:00:59", "text": "a bearish sign. But the question is, are"}, {"start": "00:00:59", "end": "00:01:01", "text": "they right? We'll examine this in more"}, {"start": "00:01:01", "end": "00:01:03", "text": "detail. Before we do that though, let me"}, {"start": "00:01:03", "end": "00:01:04", "text": "first of all show you this. What you see"}, {"start": "00:01:04", "end": "00:01:06", "text": "here is a screenshot of my video, the"}, {"start": "00:01:06", "end": "00:01:08", "text": "members video from the 2nd of November."}, {"start": "00:01:08", "end": "00:01:10", "text": "And in that particular video, I issued a"}, {"start": "00:01:10", "end": "00:01:12", "text": "major warning about Bitcoin. Here's some"}, {"start": "00:01:12", "end": "00:01:13", "text": "clips and we'll come back. because of"}, {"start": "00:01:13", "end": "00:01:15", "text": "the Dow theory bearish signal. At the"}, {"start": "00:01:15", "end": "00:01:16", "text": "moment, there is an increasing or"}, {"start": "00:01:16", "end": "00:01:18", "text": "elevated risk of more downside"}, {"start": "00:01:18", "end": "00:01:20", "text": "potential. So, at the moment here, there"}, {"start": "00:01:20", "end": "00:01:23", "text": "is potential still for the C-wave to"}, {"start": "00:01:23", "end": "00:01:24", "text": "extend lower. Recently, my good friend"}, {"start": "00:01:24", "end": "00:01:26", "text": "and trader Manuel Bllye, the Dow"}, {"start": "00:01:26", "end": "00:01:28", "text": "theory.com, he mentioned in his"}, {"start": "00:01:28", "end": "00:01:30", "text": "newsletter that Bitcoin had triggered a"}, {"start": "00:01:30", "end": "00:01:32", "text": "Dow theory bearish signal. All it meant"}, {"start": "00:01:32", "end": "00:01:33", "text": "was that risk to the downside had"}, {"start": "00:01:33", "end": "00:01:36", "text": "slightly increased. As long as Bitcoin,"}, {"start": "00:01:36", "end": "00:01:38", "text": "as long as price remains below this"}, {"start": "00:01:38", "end": "00:01:40", "text": "recent high that it made there, there's"}, {"start": "00:01:40", "end": "00:01:41", "text": "still a higher risk or higher"}, {"start": "00:01:41", "end": "00:01:44", "text": "probability for a lower low into likely"}, {"start": "00:01:44", "end": "00:01:46", "text": "testing this trend line support and"}, {"start": "00:01:46", "end": "00:01:48", "text": "potentially even lower levels, this"}, {"start": "00:01:48", "end": "00:01:49", "text": "important region of support between"}, {"start": "00:01:49", "end": "00:01:52", "text": "93,700 to even 91K. All right, guys."}, {"start": "00:01:52", "end": "00:01:54", "text": "Thank you for watching that video. So,"}, {"start": "00:01:54", "end": "00:01:56", "text": "as you saw in the clips, when the Dow"}, {"start": "00:01:56", "end": "00:01:57", "text": "Theory bearish signal occurred that"}, {"start": "00:01:57", "end": "00:02:00", "text": "increased downside risk in the video, in"}, {"start": "00:02:00", "end": "00:02:01", "text": "the members video on the 13th of"}, {"start": "00:02:01", "end": "00:02:03", "text": "November, here's a screenshot. I"}, {"start": "00:02:03", "end": "00:02:05", "text": "mentioned there's more downside risk"}, {"start": "00:02:05", "end": "00:02:07", "text": "potentially to the lower targets. Why?"}, {"start": "00:02:07", "end": "00:02:10", "text": "Because Bitcoin had got rejected from"}, {"start": "00:02:10", "end": "00:02:13", "text": "its daily 21 EMA. This bounce just got"}, {"start": "00:02:13", "end": "00:02:15", "text": "rejected and I said as long as Bitcoin"}, {"start": "00:02:15", "end": "00:02:16", "text": "stays below resistance, there's"}, {"start": "00:02:16", "end": "00:02:18", "text": "potential for more downside risk here"}, {"start": "00:02:18", "end": "00:02:21", "text": "towards this 91K 93K level here. And"}, {"start": "00:02:21", "end": "00:02:23", "text": "indeed, Bitcoin has followed through and"}, {"start": "00:02:23", "end": "00:02:26", "text": "has dropped to those levels. So, what"}, {"start": "00:02:26", "end": "00:02:28", "text": "Bitcoin has done now is two important"}, {"start": "00:02:28", "end": "00:02:30", "text": "things. Firstly, it has broken this"}, {"start": "00:02:30", "end": "00:02:32", "text": "uptrend line you're seeing here. Now, as"}, {"start": "00:02:32", "end": "00:02:34", "text": "I'm sure you know, some textbooks in"}, {"start": "00:02:34", "end": "00:02:36", "text": "technical analysis say, well, if that"}, {"start": "00:02:36", "end": "00:02:38", "text": "occurs, if you see a break of the"}, {"start": "00:02:38", "end": "00:02:40", "text": "uptrend line, that potentially means"}, {"start": "00:02:40", "end": "00:02:41", "text": "we're in a downtrend. However, as I"}, {"start": "00:02:41", "end": "00:02:43", "text": "shall explain to you, that is not"}, {"start": "00:02:43", "end": "00:02:45", "text": "necessarily the case. But also"}, {"start": "00:02:45", "end": "00:02:47", "text": "importantly, the 50 simple moving"}, {"start": "00:02:47", "end": "00:02:50", "text": "average here, the grayish white line,"}, {"start": "00:02:50", "end": "00:02:53", "text": "has crossed recently below the 200"}, {"start": "00:02:53", "end": "00:02:55", "text": "simple moving average, which as I'm sure"}, {"start": "00:02:55", "end": "00:02:57", "text": "you know, that's often called a death"}, {"start": "00:02:57", "end": "00:02:59", "text": "cross. typically seen by some analysts"}, {"start": "00:02:59", "end": "00:03:02", "text": "or by most analysts as a bearish sign or"}, {"start": "00:03:02", "end": "00:03:04", "text": "as a negative sign. But guys, if you've"}, {"start": "00:03:04", "end": "00:03:06", "text": "been watching my videos for some time,"}, {"start": "00:03:06", "end": "00:03:07", "text": "you probably know my views about the"}, {"start": "00:03:07", "end": "00:03:09", "text": "death cross signal, okay? Because it's"}, {"start": "00:03:09", "end": "00:03:11", "text": "not the same as everybody else's. And"}, {"start": "00:03:11", "end": "00:03:12", "text": "I'll explain to you why. So, the"}, {"start": "00:03:12", "end": "00:03:14", "text": "question is this. Now that Bitcoin has"}, {"start": "00:03:14", "end": "00:03:16", "text": "fallen below its uptrend line and we"}, {"start": "00:03:16", "end": "00:03:18", "text": "have a death cross signal, are these now"}, {"start": "00:03:18", "end": "00:03:20", "text": "potentially very dangerous and bearish"}, {"start": "00:03:20", "end": "00:03:22", "text": "signs for Bitcoin the next several"}, {"start": "00:03:22", "end": "00:03:24", "text": "months? I'm going to show you what the"}, {"start": "00:03:24", "end": "00:03:26", "text": "true meaning of a death cross signal is."}, {"start": "00:03:26", "end": "00:03:28", "text": "Let's take a look at 2025. This"}, {"start": "00:03:28", "end": "00:03:30", "text": "occurred, this signal occurred back in"}, {"start": "00:03:30", "end": "00:03:33", "text": "April if you remember. So, you can see"}, {"start": "00:03:33", "end": "00:03:36", "text": "what happened here. The the 50 SMA, the"}, {"start": "00:03:36", "end": "00:03:38", "text": "50 simple moving average went below its"}, {"start": "00:03:38", "end": "00:03:40", "text": "200 simple moving average. And by the"}, {"start": "00:03:40", "end": "00:03:40", "text": "way, what I'm going to do is I'm going"}, {"start": "00:03:40", "end": "00:03:43", "text": "to show you every instance. I'm going to"}, {"start": "00:03:43", "end": "00:03:45", "text": "show you every example of a death cross"}, {"start": "00:03:45", "end": "00:03:47", "text": "on Bitcoin going back to 2011. So, here"}, {"start": "00:03:47", "end": "00:03:49", "text": "it is. You can see that when the death"}, {"start": "00:03:49", "end": "00:03:52", "text": "cross signal occurred by that time the"}, {"start": "00:03:52", "end": "00:03:53", "text": "price had become so overstretched so"}, {"start": "00:03:53", "end": "00:03:56", "text": "oversold that for the next several weeks"}, {"start": "00:03:56", "end": "00:03:58", "text": "and months for the next one to three"}, {"start": "00:03:58", "end": "00:03:59", "text": "months Bitcoin as a matter of fact"}, {"start": "00:03:59", "end": "00:04:02", "text": "rallied so it bottomed soon after the"}, {"start": "00:04:02", "end": "00:04:04", "text": "death cross signal occurred price"}, {"start": "00:04:04", "end": "00:04:06", "text": "bottomed and then rallied for the next"}, {"start": "00:04:06", "end": "00:04:07", "text": "several months here's an example from"}, {"start": "00:04:07", "end": "00:04:09", "text": "2024 as shown to you by the red arrow"}, {"start": "00:04:09", "end": "00:04:11", "text": "when the death cross signal occurred by"}, {"start": "00:04:11", "end": "00:04:13", "text": "that time is bottoming and then for the"}, {"start": "00:04:13", "end": "00:04:15", "text": "next 1 to 3 months yeah it rallied"}, {"start": "00:04:15", "end": "00:04:18", "text": "higher this is the year 2023 three. You"}, {"start": "00:04:18", "end": "00:04:19", "text": "can see when the death cross signal"}, {"start": "00:04:19", "end": "00:04:21", "text": "occurred here. Yep. Pretty much was"}, {"start": "00:04:21", "end": "00:04:22", "text": "bottoming and then for the next several"}, {"start": "00:04:22", "end": "00:04:24", "text": "months rallied higher. Next example"}, {"start": "00:04:24", "end": "00:04:26", "text": "again you can see it clearly very here."}, {"start": "00:04:26", "end": "00:04:28", "text": "Now in this example when the death cross"}, {"start": "00:04:28", "end": "00:04:30", "text": "signal occurred there was a bit more"}, {"start": "00:04:30", "end": "00:04:33", "text": "downside but nonetheless for the next"}, {"start": "00:04:33", "end": "00:04:35", "text": "several months it rallied higher. That"}, {"start": "00:04:35", "end": "00:04:38", "text": "was the year 2022 2021. Again I know it"}, {"start": "00:04:38", "end": "00:04:40", "text": "becomes a bit tedious showing every"}, {"start": "00:04:40", "end": "00:04:42", "text": "example but just bear with me here. So"}, {"start": "00:04:42", "end": "00:04:44", "text": "in the year 2021 after the death cross"}, {"start": "00:04:44", "end": "00:04:46", "text": "signal occurred uh there was a bit more"}, {"start": "00:04:46", "end": "00:04:48", "text": "downside here. So price did not"}, {"start": "00:04:48", "end": "00:04:50", "text": "immediately bottom but nevertheless"}, {"start": "00:04:50", "end": "00:04:52", "text": "after that drop you're seeing here for"}, {"start": "00:04:52", "end": "00:04:54", "text": "the next several months it rallied"}, {"start": "00:04:54", "end": "00:04:56", "text": "higher. By the way pay also attention to"}, {"start": "00:04:56", "end": "00:04:58", "text": "the direction of the 200 simple moving"}, {"start": "00:04:58", "end": "00:05:01", "text": "average the green line. So if this is"}, {"start": "00:05:01", "end": "00:05:03", "text": "upward sloping there's a higher"}, {"start": "00:05:03", "end": "00:05:06", "text": "probability of price usually carrying on"}, {"start": "00:05:06", "end": "00:05:09", "text": "the uptrend in the next several months."}, {"start": "00:05:09", "end": "00:05:11", "text": "So do pay attention to that. uh this is"}, {"start": "00:05:11", "end": "00:05:14", "text": "the year 2020. Uh notice that in that"}, {"start": "00:05:14", "end": "00:05:16", "text": "year despite the fact that the death"}, {"start": "00:05:16", "end": "00:05:18", "text": "cross signal occurred with a downward"}, {"start": "00:05:18", "end": "00:05:22", "text": "sloping 200 moving average, nevertheless"}, {"start": "00:05:22", "end": "00:05:23", "text": "after the death cross signal occurred"}, {"start": "00:05:23", "end": "00:05:27", "text": "here, the price rallied for the next"}, {"start": "00:05:27", "end": "00:05:29", "text": "several months, the next one to three"}, {"start": "00:05:29", "end": "00:05:31", "text": "months. Okay? And again, it's the next"}, {"start": "00:05:31", "end": "00:05:33", "text": "one to three months that at the moment"}, {"start": "00:05:33", "end": "00:05:35", "text": "matters. Uh let me show you this. 2019."}, {"start": "00:05:35", "end": "00:05:37", "text": "Now 2019 was an exception to the rule."}, {"start": "00:05:37", "end": "00:05:39", "text": "Notice that when the death cross signal"}, {"start": "00:05:39", "end": "00:05:42", "text": "occurred, the price did indeed have a"}, {"start": "00:05:42", "end": "00:05:44", "text": "negative reaction and dropped. However,"}, {"start": "00:05:44", "end": "00:05:46", "text": "you will notice that by the time the"}, {"start": "00:05:46", "end": "00:05:48", "text": "death cross signal occurred, there was"}, {"start": "00:05:48", "end": "00:05:50", "text": "already a strong bounce in the price of"}, {"start": "00:05:50", "end": "00:05:52", "text": "Bitcoin, which is not the case today."}, {"start": "00:05:52", "end": "00:05:54", "text": "Right now, as I'm making this video, we"}, {"start": "00:05:54", "end": "00:05:56", "text": "do not have a strong bounce. In fact,"}, {"start": "00:05:56", "end": "00:05:59", "text": "the price is pretty much oversold. 2018."}, {"start": "00:05:59", "end": "00:06:01", "text": "Notice despite the fact that that year"}, {"start": "00:06:01", "end": "00:06:03", "text": "it was a bare market for Bitcoin after"}, {"start": "00:06:03", "end": "00:06:06", "text": "the death cross signal occurred pretty"}, {"start": "00:06:06", "end": "00:06:07", "text": "much soon after in the next several"}, {"start": "00:06:07", "end": "00:06:11", "text": "weeks Bitcoin rallied. 2015 again after"}, {"start": "00:06:11", "end": "00:06:13", "text": "death cross signal price rallied higher"}, {"start": "00:06:13", "end": "00:06:15", "text": "in the next 1 to 3 months. Now in the"}, {"start": "00:06:15", "end": "00:06:17", "text": "year 2014 you will see after the death"}, {"start": "00:06:17", "end": "00:06:20", "text": "cross signal occurred the price of"}, {"start": "00:06:20", "end": "00:06:22", "text": "Bitcoin went sideways for a while but"}, {"start": "00:06:22", "end": "00:06:24", "text": "then it did have a negative reaction and"}, {"start": "00:06:24", "end": "00:06:26", "text": "then dropped significantly lower."}, {"start": "00:06:26", "end": "00:06:29", "text": "However, you will see that in that year"}, {"start": "00:06:29", "end": "00:06:32", "text": "the slope of the 200 moving average was"}, {"start": "00:06:32", "end": "00:06:34", "text": "downwards. So, we were already in a bare"}, {"start": "00:06:34", "end": "00:06:36", "text": "market uh at that point when this death"}, {"start": "00:06:36", "end": "00:06:38", "text": "cross signal occurred. So, that was a"}, {"start": "00:06:38", "end": "00:06:40", "text": "bit of a warning sign. This is also in"}, {"start": "00:06:40", "end": "00:06:42", "text": "the year 2014. So, look at this. This is"}, {"start": "00:06:42", "end": "00:06:44", "text": "another example from the same year 2014."}, {"start": "00:06:44", "end": "00:06:47", "text": "In April of that year, notice after the"}, {"start": "00:06:47", "end": "00:06:48", "text": "death cross signal occurred, notice we"}, {"start": "00:06:48", "end": "00:06:50", "text": "have an upward sloping 200 moving"}, {"start": "00:06:50", "end": "00:06:52", "text": "average. And notice after the death"}, {"start": "00:06:52", "end": "00:06:53", "text": "cross signal despite the fact there was"}, {"start": "00:06:53", "end": "00:06:56", "text": "another drop. Nevertheless, in the next"}, {"start": "00:06:56", "end": "00:06:59", "text": "one to three months price rallied went"}, {"start": "00:06:59", "end": "00:07:01", "text": "higher as you'll see here as positive."}, {"start": "00:07:01", "end": "00:07:04", "text": "This is in the year 2011. Now 2011 is"}, {"start": "00:07:04", "end": "00:07:06", "text": "also another example of when price did"}, {"start": "00:07:06", "end": "00:07:09", "text": "not have a positive reaction and you"}, {"start": "00:07:09", "end": "00:07:10", "text": "will see that after the death cross"}, {"start": "00:07:10", "end": "00:07:13", "text": "signal occurred it continued the"}, {"start": "00:07:13", "end": "00:07:15", "text": "downward path. All right, guys. So, we"}, {"start": "00:07:15", "end": "00:07:17", "text": "have looked at every example of a death"}, {"start": "00:07:17", "end": "00:07:19", "text": "cross signal going back to 2011 all the"}, {"start": "00:07:19", "end": "00:07:21", "text": "way to the more recent example we saw in"}, {"start": "00:07:21", "end": "00:07:23", "text": "the year 2025. And here's what this"}, {"start": "00:07:23", "end": "00:07:25", "text": "means. So, we're going to apply this to"}, {"start": "00:07:25", "end": "00:07:28", "text": "the more recent death cross signal that"}, {"start": "00:07:28", "end": "00:07:30", "text": "we have here on Bitcoin in November of"}, {"start": "00:07:30", "end": "00:07:33", "text": "2025. And what I'm going to do here is"}, {"start": "00:07:33", "end": "00:07:34", "text": "I'm going to actually write this down"}, {"start": "00:07:34", "end": "00:07:38", "text": "here. We have 12 examples, 12 instances"}, {"start": "00:07:38", "end": "00:07:42", "text": "of a death cross signal DC. And out of"}, {"start": "00:07:42", "end": "00:07:44", "text": "those 12 examples as we saw nine of them"}, {"start": "00:07:44", "end": "00:07:47", "text": "were positive. So positive signals which"}, {"start": "00:07:47", "end": "00:07:48", "text": "means in the next 1 to 3 months price"}, {"start": "00:07:48", "end": "00:07:51", "text": "went higher but there were three"}, {"start": "00:07:51", "end": "00:07:53", "text": "negative ones as well where after the"}, {"start": "00:07:53", "end": "00:07:56", "text": "death cross signal price dropped"}, {"start": "00:07:56", "end": "00:07:58", "text": "continue to go lower. So what does this"}, {"start": "00:07:58", "end": "00:08:00", "text": "mean? This means we have a 75%"}, {"start": "00:08:00", "end": "00:08:04", "text": "probability of the price going higher in"}, {"start": "00:08:04", "end": "00:08:06", "text": "the next 1 to 3 months based on nine"}, {"start": "00:08:06", "end": "00:08:09", "text": "signals out of 25 being positive for the"}, {"start": "00:08:09", "end": "00:08:13", "text": "next 1 to 3 months and only about 25%"}, {"start": "00:08:13", "end": "00:08:16", "text": "being negative. So in other words, we"}, {"start": "00:08:16", "end": "00:08:19", "text": "have a much higher probability 75%"}, {"start": "00:08:19", "end": "00:08:21", "text": "probability of the price of Bitcoin"}, {"start": "00:08:21", "end": "00:08:23", "text": "rallying in the next 1 to 3 months being"}, {"start": "00:08:23", "end": "00:08:25", "text": "positive in the next 1 to 3 months"}, {"start": "00:08:25", "end": "00:08:27", "text": "despite whatever might happen in the"}, {"start": "00:08:27", "end": "00:08:29", "text": "near term. So, for example, don't get me"}, {"start": "00:08:29", "end": "00:08:30", "text": "wrong here, guys. I'm not saying the"}, {"start": "00:08:30", "end": "00:08:32", "text": "price of Bitcoin has definitely bottomed"}, {"start": "00:08:32", "end": "00:08:34", "text": "right now. I'm not saying that because"}, {"start": "00:08:34", "end": "00:08:35", "text": "at the moment, as we're making this"}, {"start": "00:08:35", "end": "00:08:37", "text": "video, as yet, there's no sign of a"}, {"start": "00:08:37", "end": "00:08:40", "text": "bottom yet. But given what we're seeing"}, {"start": "00:08:40", "end": "00:08:42", "text": "here, based on the probabilities and"}, {"start": "00:08:42", "end": "00:08:44", "text": "based on the stats, we have a much"}, {"start": "00:08:44", "end": "00:08:47", "text": "higher probability, 75% probability of a"}, {"start": "00:08:47", "end": "00:08:50", "text": "death cross signal as occurred recently"}, {"start": "00:08:50", "end": "00:08:53", "text": "turning out being positive. Okay? But"}, {"start": "00:08:53", "end": "00:08:56", "text": "indeed, we have a 25% probability of"}, {"start": "00:08:56", "end": "00:08:58", "text": "that signal resulting in more downside"}, {"start": "00:08:58", "end": "00:09:00", "text": "in the next few months. Okay. So, I"}, {"start": "00:09:00", "end": "00:09:02", "text": "don't know about you, but personally,"}, {"start": "00:09:02", "end": "00:09:04", "text": "I'm going to go with what I consider to"}, {"start": "00:09:04", "end": "00:09:06", "text": "be the higher probability, which is to"}, {"start": "00:09:06", "end": "00:09:09", "text": "see the price of Bitcoin rallying and"}, {"start": "00:09:09", "end": "00:09:11", "text": "seeing a strong bounce in the next 1 to"}, {"start": "00:09:11", "end": "00:09:13", "text": "3 months. And by the way, let's not"}, {"start": "00:09:13", "end": "00:09:15", "text": "forget the price of Bitcoin as we're"}, {"start": "00:09:15", "end": "00:09:16", "text": "making this video is already pretty much"}, {"start": "00:09:16", "end": "00:09:18", "text": "oversold. Now, even if it continues to"}, {"start": "00:09:18", "end": "00:09:20", "text": "push a bit further lower, which is"}, {"start": "00:09:20", "end": "00:09:23", "text": "possible, nevertheless, let's not forget"}, {"start": "00:09:23", "end": "00:09:25", "text": "based on what we saw in this video,"}, {"start": "00:09:25", "end": "00:09:28", "text": "every example of a death cross signal,"}, {"start": "00:09:28", "end": "00:09:30", "text": "the balance of probabilities seems to"}, {"start": "00:09:30", "end": "00:09:31", "text": "show that after a death cross signal"}, {"start": "00:09:31", "end": "00:09:34", "text": "occurs, especially after an all-time"}, {"start": "00:09:34", "end": "00:09:36", "text": "high, and also the fact that we had a"}, {"start": "00:09:36", "end": "00:09:38", "text": "rising 200 moving average here before"}, {"start": "00:09:38", "end": "00:09:40", "text": "that death cross signal occurred. Again,"}, {"start": "00:09:40", "end": "00:09:42", "text": "the balance of probabilities seem to"}, {"start": "00:09:42", "end": "00:09:44", "text": "favor that in the next one to three"}, {"start": "00:09:44", "end": "00:09:47", "text": "months, we could see a strong bounce or"}, {"start": "00:09:47", "end": "00:09:50", "text": "a rally. Again, guys, I'm saying the"}, {"start": "00:09:50", "end": "00:09:52", "text": "next one to three months. So, I don't"}, {"start": "00:09:52", "end": "00:09:53", "text": "really care what happens in the next few"}, {"start": "00:09:53", "end": "00:09:55", "text": "days. What matters is what happens in"}, {"start": "00:09:55", "end": "00:09:57", "text": "the next several weeks going to the end"}, {"start": "00:09:57", "end": "00:09:59", "text": "of the year. Again, the next one to"}, {"start": "00:09:59", "end": "00:10:01", "text": "three months, which has a higher"}, {"start": "00:10:01", "end": "00:10:03", "text": "probability, a 75% probability of the"}, {"start": "00:10:03", "end": "00:10:05", "text": "price rallying and seeing a strong"}, {"start": "00:10:05", "end": "00:10:07", "text": "bounce and potentially moving back into"}, {"start": "00:10:07", "end": "00:10:09", "text": "an uptrend. That's what I'm going with."}, {"start": "00:10:09", "end": "00:10:10", "text": "Now, I know some of you probably"}, {"start": "00:10:10", "end": "00:10:12", "text": "thinking, well, maybe this time is"}, {"start": "00:10:12", "end": "00:10:14", "text": "different. Maybe this time it's going to"}, {"start": "00:10:14", "end": "00:10:16", "text": "be the 25% probability where we just"}, {"start": "00:10:16", "end": "00:10:19", "text": "drop and crash much further lower. Yes,"}, {"start": "00:10:19", "end": "00:10:21", "text": "that is possible. But for me, at the"}, {"start": "00:10:21", "end": "00:10:22", "text": "moment, that carries a lower"}, {"start": "00:10:22", "end": "00:10:24", "text": "probability. So, I'm personally with the"}, {"start": "00:10:24", "end": "00:10:26", "text": "green uh scenario for the next several"}, {"start": "00:10:26", "end": "00:10:28", "text": "months. And let me also mention this. I"}, {"start": "00:10:28", "end": "00:10:30", "text": "think it's generally a mistake that a"}, {"start": "00:10:30", "end": "00:10:32", "text": "lot of analysts make that they think"}, {"start": "00:10:32", "end": "00:10:34", "text": "that just because a trend line gets"}, {"start": "00:10:34", "end": "00:10:37", "text": "broken that that by itself means oh okay"}, {"start": "00:10:37", "end": "00:10:39", "text": "the trend has reversed and now we're"}, {"start": "00:10:39", "end": "00:10:41", "text": "going to fall into a downtrend. No, as I"}, {"start": "00:10:41", "end": "00:10:43", "text": "mentioned to you in my previous video"}, {"start": "00:10:43", "end": "00:10:45", "text": "everything depends on the next bounce."}, {"start": "00:10:45", "end": "00:10:47", "text": "Okay, the next rally. Let's look at the"}, {"start": "00:10:47", "end": "00:10:50", "text": "structure of that next bounce or rally."}, {"start": "00:10:50", "end": "00:10:52", "text": "Is the structure going to be impulsive"}, {"start": "00:10:52", "end": "00:10:55", "text": "where you see a fivewave rally like on"}, {"start": "00:10:55", "end": "00:10:57", "text": "the lower time frame on a 60-minut? that"}, {"start": "00:10:57", "end": "00:10:59", "text": "would be a positive sign for a bounce."}, {"start": "00:10:59", "end": "00:11:00", "text": "Or on the other hand, if you get a"}, {"start": "00:11:00", "end": "00:11:02", "text": "corrective bounce, which is a three-wave"}, {"start": "00:11:02", "end": "00:11:04", "text": "move or rally, that would be a very"}, {"start": "00:11:04", "end": "00:11:05", "text": "dangerous sign for Bitcoin. So, let's"}, {"start": "00:11:05", "end": "00:11:08", "text": "see what kind of a structure we get in"}, {"start": "00:11:08", "end": "00:11:10", "text": "that next bounce or rally in the price"}, {"start": "00:11:10", "end": "00:11:11", "text": "of Bitcoin. By the way, guys, for those"}, {"start": "00:11:11", "end": "00:11:12", "text": "of you want to join our membership, let"}, {"start": "00:11:12", "end": "00:11:14", "text": "me just say that I'm going to come out"}, {"start": "00:11:14", "end": "00:11:15", "text": "with a very special offer to join the"}, {"start": "00:11:15", "end": "00:11:17", "text": "membership in the next few weeks. So,"}, {"start": "00:11:17", "end": "00:11:19", "text": "make sure you watch our videos for more"}, {"start": "00:11:19", "end": "00:11:20", "text": "details about that. Anyway, guys, let me"}, {"start": "00:11:20", "end": "00:11:22", "text": "know in the comments what you think."}, {"start": "00:11:22", "end": "00:11:23", "text": "I'll be interested to hear your views."}, {"start": "00:11:23", "end": "00:11:25", "text": "And by the way guys, don't forget that"}, {"start": "00:11:25", "end": "00:11:26", "text": "myself and Charlie Burton are doing an"}, {"start": "00:11:26", "end": "00:11:28", "text": "online educational course on trading and"}, {"start": "00:11:28", "end": "00:11:30", "text": "technical analysis. And to get the early"}, {"start": "00:11:30", "end": "00:11:31", "text": "bird discount, just go to this link you"}, {"start": "00:11:31", "end": "00:11:32", "text": "see here, which is also in the"}, {"start": "00:11:32", "end": "00:11:34", "text": "description. Okay, thank you very much"}, {"start": "00:11:34", "end": "00:11:35", "text": "indeed. See you guys in the next video"}, {"start": "00:11:35", "end": "00:11:38", "text": "update. Cheers."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Hey guys, just making a quick video for"}, {"start": "00:00:01", "end": "00:00:03", "text": "you. I also saw some comments like the"}, {"start": "00:00:03", "end": "00:00:04", "text": "one you're seeing here that say the"}, {"start": "00:00:04", "end": "00:00:06", "text": "government will just interfere. In other"}, {"start": "00:00:06", "end": "00:00:07", "text": "words, the Federal Reserve will"}, {"start": "00:00:07", "end": "00:00:09", "text": "interfere and they will print money so"}, {"start": "00:00:09", "end": "00:00:11", "text": "the market cannot possibly go down. It"}, {"start": "00:00:11", "end": "00:00:13", "text": "will just keep going up. Let me just"}, {"start": "00:00:13", "end": "00:00:14", "text": "show you something here because I think"}, {"start": "00:00:14", "end": "00:00:16", "text": "most people out there do not know this."}, {"start": "00:00:16", "end": "00:00:17", "text": "Now, you know this because I've showed"}, {"start": "00:00:17", "end": "00:00:20", "text": "this before. In the 2020 pandemic crash,"}, {"start": "00:00:20", "end": "00:00:23", "text": "in the COVID crash, the markets kept"}, {"start": "00:00:23", "end": "00:00:25", "text": "dropping despite the fact the Federal"}, {"start": "00:00:25", "end": "00:00:28", "text": "Reserve kept intervening. As you can see"}, {"start": "00:00:28", "end": "00:00:30", "text": "it here, the stock market dropped. Even"}, {"start": "00:00:30", "end": "00:00:32", "text": "though the Federal Reserve intervened,"}, {"start": "00:00:32", "end": "00:00:34", "text": "it just kept dropping again. By the way,"}, {"start": "00:00:34", "end": "00:00:36", "text": "when the Federal Reserve intervened on"}, {"start": "00:00:36", "end": "00:00:38", "text": "March 15th, the stock market had one of"}, {"start": "00:00:38", "end": "00:00:40", "text": "its biggest drops in history and it just"}, {"start": "00:00:40", "end": "00:00:43", "text": "crashed even further. Stocks on Wall"}, {"start": "00:00:43", "end": "00:00:45", "text": "Street plummeted again this morning. The"}, {"start": "00:00:45", "end": "00:00:49", "text": "Dow Jones Industrials fell more than 9%,"}, {"start": "00:00:49", "end": "00:00:51", "text": "almost 10%, which means trading was"}, {"start": "00:00:51", "end": "00:00:53", "text": "automatically stopped for 15 minutes."}, {"start": "00:00:53", "end": "00:00:55", "text": "This follows the Federal Reserve's"}, {"start": "00:00:55", "end": "00:00:58", "text": "surprise decision yesterday to slash"}, {"start": "00:00:58", "end": "00:00:59", "text": "interest rates."}, {"start": "00:00:59", "end": "00:01:00", "text": "Most people only remember this"}, {"start": "00:01:00", "end": "00:01:02", "text": "intervention here and they just think,"}, {"start": "00:01:02", "end": "00:01:04", "text": "\"Oh yeah, that's why the markets bottom"}, {"start": "00:01:04", "end": "00:01:05", "text": "because the Federal Reserve intervened.\""}, {"start": "00:01:05", "end": "00:01:07", "text": "What they don't appreciate is by that"}, {"start": "00:01:07", "end": "00:01:10", "text": "time, by March 23rd, pretty much"}, {"start": "00:01:10", "end": "00:01:12", "text": "everybody, including money managers, had"}, {"start": "00:01:12", "end": "00:01:14", "text": "panicked and sold. So when there's no"}, {"start": "00:01:14", "end": "00:01:15", "text": "more sellers in the market, what do you"}, {"start": "00:01:15", "end": "00:01:17", "text": "think happens? Then the market bottoms"}, {"start": "00:01:17", "end": "00:01:18", "text": "and then goes up. Let me show you"}, {"start": "00:01:18", "end": "00:01:21", "text": "another example. In the year 2008 in the"}, {"start": "00:01:21", "end": "00:01:23", "text": "major recessionary crash when the"}, {"start": "00:01:23", "end": "00:01:26", "text": "markets crashed by 50%. Guess what? The"}, {"start": "00:01:26", "end": "00:01:28", "text": "government and the Federal Reserve"}, {"start": "00:01:28", "end": "00:01:30", "text": "intervened several times as you can see"}, {"start": "00:01:30", "end": "00:01:32", "text": "here. And the markets just kept going"}, {"start": "00:01:32", "end": "00:01:34", "text": "down and down despite government"}, {"start": "00:01:34", "end": "00:01:36", "text": "intervention and despite the Federal"}, {"start": "00:01:36", "end": "00:01:38", "text": "Reserve printing money and intervening."}, {"start": "00:01:38", "end": "00:01:40", "text": "Oh, and let me show you this. Sometimes"}, {"start": "00:01:40", "end": "00:01:42", "text": "people will use the opposite argument as"}, {"start": "00:01:42", "end": "00:01:43", "text": "well. They will say something like, \"Oh,"}, {"start": "00:01:43", "end": "00:01:46", "text": "well, the market cannot go up because"}, {"start": "00:01:46", "end": "00:01:48", "text": "the Federal Reserve is tightening doing"}, {"start": "00:01:48", "end": "00:01:50", "text": "QT.\" But look at this. You will see in"}, {"start": "00:01:50", "end": "00:01:53", "text": "the year 2022, in October 2022, the"}, {"start": "00:01:53", "end": "00:01:55", "text": "markets bottomed. The stock market"}, {"start": "00:01:55", "end": "00:01:58", "text": "bottomed there and then rallied despite"}, {"start": "00:01:58", "end": "00:02:00", "text": "the fact that the Federal Reserve was"}, {"start": "00:02:00", "end": "00:02:02", "text": "doing tightening and they were raising"}, {"start": "00:02:02", "end": "00:02:04", "text": "interest rates. So just get that for a"}, {"start": "00:02:04", "end": "00:02:06", "text": "moment. The exact opposite happened to"}, {"start": "00:02:06", "end": "00:02:08", "text": "what many people out there were saying"}, {"start": "00:02:08", "end": "00:02:10", "text": "that in fact the markets bottomed and"}, {"start": "00:02:10", "end": "00:02:13", "text": "rallied higher despite the fact that the"}, {"start": "00:02:13", "end": "00:02:15", "text": "Federal Reserve was tightening and they"}, {"start": "00:02:15", "end": "00:02:17", "text": "were raising interest rates. And by the"}, {"start": "00:02:17", "end": "00:02:20", "text": "way, the markets continued to go higher"}, {"start": "00:02:20", "end": "00:02:22", "text": "despite the fact that the Federal"}, {"start": "00:02:22", "end": "00:02:24", "text": "Reserve continued tightening and they"}, {"start": "00:02:24", "end": "00:02:27", "text": "refused to cut interest rates. It's only"}, {"start": "00:02:27", "end": "00:02:30", "text": "after the Federal Reserve then cut"}, {"start": "00:02:30", "end": "00:02:32", "text": "interest rates that we saw one of the"}, {"start": "00:02:32", "end": "00:02:34", "text": "biggest drops in the stock market in the"}, {"start": "00:02:34", "end": "00:02:36", "text": "last few years. So guys, the next time"}, {"start": "00:02:36", "end": "00:02:38", "text": "you hear someone out there say that, oh,"}, {"start": "00:02:38", "end": "00:02:40", "text": "the market cannot do this and the market"}, {"start": "00:02:40", "end": "00:02:41", "text": "cannot do that because the Federal"}, {"start": "00:02:41", "end": "00:02:43", "text": "Reserve and that nonsense, show them"}, {"start": "00:02:43", "end": "00:02:45", "text": "this video. The truth is, guys, that"}, {"start": "00:02:45", "end": "00:02:47", "text": "this idea, this idea that the Federal"}, {"start": "00:02:47", "end": "00:02:50", "text": "Reserve controls and drives the stock"}, {"start": "00:02:50", "end": "00:02:52", "text": "market is simply nonsense. It's the"}, {"start": "00:02:52", "end": "00:02:53", "text": "other way around. People have it"}, {"start": "00:02:53", "end": "00:02:55", "text": "backwards. The truth is that it's the"}, {"start": "00:02:55", "end": "00:02:57", "text": "stock market that drives the Federal"}, {"start": "00:02:57", "end": "00:02:59", "text": "Reserve decisions. The Federal Reserve"}, {"start": "00:02:59", "end": "00:03:02", "text": "is subservient to the market. The market"}, {"start": "00:03:02", "end": "00:03:04", "text": "drives their decisions. People who are"}, {"start": "00:03:04", "end": "00:03:06", "text": "fixated on this idea that it has to be"}, {"start": "00:03:06", "end": "00:03:08", "text": "the news and Federal Reserve that makes"}, {"start": "00:03:08", "end": "00:03:10", "text": "the market bottom, rally, and all that."}, {"start": "00:03:10", "end": "00:03:12", "text": "What is your view? What is the what I"}, {"start": "00:03:12", "end": "00:03:13", "text": "believe is the correct view"}, {"start": "00:03:13", "end": "00:03:15", "text": "is that the Federal Reserve has no"}, {"start": "00:03:15", "end": "00:03:18", "text": "control over the waves of social mood."}, {"start": "00:03:18", "end": "00:03:20", "text": "But waves of social mood have a lot of"}, {"start": "00:03:20", "end": "00:03:22", "text": "control over the way people view the"}, {"start": "00:03:22", "end": "00:03:23", "text": "Fed."}, {"start": "00:03:23", "end": "00:03:26", "text": "So when mood is positive and stock"}, {"start": "00:03:26", "end": "00:03:27", "text": "prices are high and the economy is"}, {"start": "00:03:27", "end": "00:03:29", "text": "expanding, they say, \"Oh, these Fed"}, {"start": "00:03:29", "end": "00:03:32", "text": "chairman are geniuses.\" And we had that."}, {"start": "00:03:32", "end": "00:03:34", "text": "And when the markets are a little bit"}, {"start": "00:03:34", "end": "00:03:36", "text": "dicey, suddenly people are saying, \"This"}, {"start": "00:03:36", "end": "00:03:38", "text": "chairman doesn't know what he's doing.\""}, {"start": "00:03:38", "end": "00:03:39", "text": "Anyway, guys, let me know in the"}, {"start": "00:03:39", "end": "00:03:40", "text": "comments what you think. I'll be"}, {"start": "00:03:40", "end": "00:03:42", "text": "interested to hear your views. And by"}, {"start": "00:03:42", "end": "00:03:43", "text": "the way guys, don't forget that myself"}, {"start": "00:03:43", "end": "00:03:45", "text": "and Charlie Burton are doing an online"}, {"start": "00:03:45", "end": "00:03:46", "text": "educational course on trading and"}, {"start": "00:03:46", "end": "00:03:48", "text": "technical analysis. And to get the early"}, {"start": "00:03:48", "end": "00:03:49", "text": "bird discount, just go to this link you"}, {"start": "00:03:49", "end": "00:03:50", "text": "see here, which is also in the"}, {"start": "00:03:50", "end": "00:03:52", "text": "description. Okay, thank you very much"}, {"start": "00:03:52", "end": "00:03:53", "text": "indeed. See you guys in the next video"}, {"start": "00:03:53", "end": "00:03:56", "text": "update. Cheers."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Hey guys, just making a quick video for"}, {"start": "00:00:01", "end": "00:00:03", "text": "you about something quite important."}, {"start": "00:00:03", "end": "00:00:05", "text": "Basically, it's bad news. I think the"}, {"start": "00:00:05", "end": "00:00:06", "text": "stock market has fooled everyone. Now,"}, {"start": "00:00:06", "end": "00:00:07", "text": "let me explain to you what I mean by"}, {"start": "00:00:07", "end": "00:00:10", "text": "that. Uh, basically, after I posted my"}, {"start": "00:00:10", "end": "00:00:11", "text": "recent video, and actually over the last"}, {"start": "00:00:11", "end": "00:00:14", "text": "few weeks, I've come to a conclusion"}, {"start": "00:00:14", "end": "00:00:16", "text": "which may be hard to accept for many of"}, {"start": "00:00:16", "end": "00:00:17", "text": "you watching this video, but I think"}, {"start": "00:00:17", "end": "00:00:18", "text": "it's the truth, which is that I think"}, {"start": "00:00:18", "end": "00:00:20", "text": "the stock market has managed to fool"}, {"start": "00:00:20", "end": "00:00:22", "text": "everyone, almost everyone, into thinking"}, {"start": "00:00:22", "end": "00:00:24", "text": "in a specific way, which I'll explain to"}, {"start": "00:00:24", "end": "00:00:25", "text": "you in this video. And then I'll explain"}, {"start": "00:00:25", "end": "00:00:26", "text": "to you what I think we can do about all"}, {"start": "00:00:26", "end": "00:00:28", "text": "this. Okay. So first of all I think it's"}, {"start": "00:00:28", "end": "00:00:30", "text": "important to begin in this way. Uh one"}, {"start": "00:00:30", "end": "00:00:32", "text": "of my favorite philosophers I would say"}, {"start": "00:00:32", "end": "00:00:34", "text": "one of the greatest minds of the 20th"}, {"start": "00:00:34", "end": "00:00:36", "text": "century was a French philosopher by the"}, {"start": "00:00:36", "end": "00:00:38", "text": "name of Michelle Fuko. And one of Fuko's"}, {"start": "00:00:38", "end": "00:00:40", "text": "most interesting ideas is the idea of"}, {"start": "00:00:40", "end": "00:00:42", "text": "the episteem. Essentially what Fuko"}, {"start": "00:00:42", "end": "00:00:44", "text": "argued is that throughout long periods"}, {"start": "00:00:44", "end": "00:00:47", "text": "of time the episteem in other words the"}, {"start": "00:00:47", "end": "00:00:48", "text": "system of thinking the mode of thinking"}, {"start": "00:00:48", "end": "00:00:52", "text": "of humanity of civilization changes. So"}, {"start": "00:00:52", "end": "00:00:54", "text": "the way people think and in other words"}, {"start": "00:00:54", "end": "00:00:55", "text": "the mode of thinking the system of"}, {"start": "00:00:55", "end": "00:00:58", "text": "thinking changes throughout time"}, {"start": "00:00:58", "end": "00:01:00", "text": "throughout long periods of years. So"}, {"start": "00:01:00", "end": "00:01:01", "text": "that means whatever the mode or system"}, {"start": "00:01:01", "end": "00:01:03", "text": "of thinking there is today the episteem"}, {"start": "00:01:03", "end": "00:01:05", "text": "will change again in the future and"}, {"start": "00:01:05", "end": "00:01:07", "text": "again and again. And if we apply this"}, {"start": "00:01:07", "end": "00:01:09", "text": "idea to the markets uh which I'm going"}, {"start": "00:01:09", "end": "00:01:12", "text": "to do right now this essentially means"}, {"start": "00:01:12", "end": "00:01:14", "text": "uh as you can see here. So this is just"}, {"start": "00:01:14", "end": "00:01:16", "text": "an example just a diagram I want to show"}, {"start": "00:01:16", "end": "00:01:19", "text": "to you. And in a bull market in a raging"}, {"start": "00:01:19", "end": "00:01:21", "text": "bull market where the market just keeps"}, {"start": "00:01:21", "end": "00:01:23", "text": "pushing higher and higher the episteem"}, {"start": "00:01:23", "end": "00:01:26", "text": "was the mode of thinking of most people"}, {"start": "00:01:26", "end": "00:01:28", "text": "is as you can see here people will say"}, {"start": "00:01:28", "end": "00:01:30", "text": "and you will see this in social media"}, {"start": "00:01:30", "end": "00:01:31", "text": "you will see this in newspapers and the"}, {"start": "00:01:31", "end": "00:01:33", "text": "media everywhere. So the way people"}, {"start": "00:01:33", "end": "00:01:35", "text": "think is price cannot go down can never"}, {"start": "00:01:35", "end": "00:01:37", "text": "go down because of fundamentals"}, {"start": "00:01:37", "end": "00:01:40", "text": "fundamentals and this just is very much"}, {"start": "00:01:40", "end": "00:01:43", "text": "entrenched becomes very dominant uh in a"}, {"start": "00:01:43", "end": "00:01:45", "text": "bull market people will say oh price"}, {"start": "00:01:45", "end": "00:01:47", "text": "cannot go down because of fundamentals"}, {"start": "00:01:47", "end": "00:01:48", "text": "by the way when the price crashes and"}, {"start": "00:01:48", "end": "00:01:50", "text": "goes into a bare market then you have a"}, {"start": "00:01:50", "end": "00:01:53", "text": "different episteem the episteem of"}, {"start": "00:01:53", "end": "00:01:55", "text": "optimism which was mostly here in a bull"}, {"start": "00:01:55", "end": "00:01:57", "text": "market that changes completely changes"}, {"start": "00:01:57", "end": "00:01:59", "text": "into an epistem of pessimism extreme"}, {"start": "00:01:59", "end": "00:02:02", "text": "pessimism where people will say Well,"}, {"start": "00:02:02", "end": "00:02:03", "text": "price can never go back up again because"}, {"start": "00:02:03", "end": "00:02:06", "text": "of what? Because of fundamentals. Okay?"}, {"start": "00:02:06", "end": "00:02:08", "text": "In other words, guys, people will use"}, {"start": "00:02:08", "end": "00:02:11", "text": "fundamentals to justify why price cannot"}, {"start": "00:02:11", "end": "00:02:13", "text": "go down and why price cannot go back up."}, {"start": "00:02:13", "end": "00:02:16", "text": "We saw this with Tesla this year, if you"}, {"start": "00:02:16", "end": "00:02:18", "text": "remember. So, with Tesla, uh when Tesla"}, {"start": "00:02:18", "end": "00:02:21", "text": "was at its highs back last year in 2024,"}, {"start": "00:02:21", "end": "00:02:23", "text": "people would say, well, Tesla price can"}, {"start": "00:02:23", "end": "00:02:25", "text": "never go down because of Elon Musk,"}, {"start": "00:02:25", "end": "00:02:27", "text": "because he's such a genius. And by the"}, {"start": "00:02:27", "end": "00:02:28", "text": "way, when the price of Tesla crashed in"}, {"start": "00:02:28", "end": "00:02:30", "text": "the spring of this year, what happened?"}, {"start": "00:02:30", "end": "00:02:32", "text": "The same people would say, well, the"}, {"start": "00:02:32", "end": "00:02:34", "text": "price of Tesla cannot go back up again"}, {"start": "00:02:34", "end": "00:02:35", "text": "because Elon Musk does not know what"}, {"start": "00:02:35", "end": "00:02:37", "text": "he's doing. And that, by the way, was"}, {"start": "00:02:37", "end": "00:02:39", "text": "when exactly Tesla price bottomed and"}, {"start": "00:02:39", "end": "00:02:41", "text": "rallied higher. Guys, so bottom is this"}, {"start": "00:02:41", "end": "00:02:43", "text": "is very interesting. It's very important"}, {"start": "00:02:43", "end": "00:02:45", "text": "to appreciate how the episteem, the mode"}, {"start": "00:02:45", "end": "00:02:48", "text": "of thinking of people changes in"}, {"start": "00:02:48", "end": "00:02:49", "text": "different market environments. And by"}, {"start": "00:02:49", "end": "00:02:50", "text": "the way, the reason I'm telling you this"}, {"start": "00:02:50", "end": "00:02:52", "text": "is because having read the comments on"}, {"start": "00:02:52", "end": "00:02:54", "text": "social media on my last video and"}, {"start": "00:02:54", "end": "00:02:56", "text": "generally from speaking to other people,"}, {"start": "00:02:56", "end": "00:02:58", "text": "it has come to my realization that the"}, {"start": "00:02:58", "end": "00:03:00", "text": "majority of people out there, okay, most"}, {"start": "00:03:00", "end": "00:03:03", "text": "people out there honestly do not think"}, {"start": "00:03:03", "end": "00:03:04", "text": "that there's going to be any kind of a"}, {"start": "00:03:04", "end": "00:03:06", "text": "drop in the stock market. In other"}, {"start": "00:03:06", "end": "00:03:07", "text": "words, guys, in the opinion of most"}, {"start": "00:03:07", "end": "00:03:09", "text": "people out there, it seems that they"}, {"start": "00:03:09", "end": "00:03:10", "text": "just think the market will go up"}, {"start": "00:03:10", "end": "00:03:12", "text": "forever. By the way, in case you don't"}, {"start": "00:03:12", "end": "00:03:13", "text": "believe me, let me just read you some of"}, {"start": "00:03:13", "end": "00:03:15", "text": "the comments I read in the last video I"}, {"start": "00:03:15", "end": "00:03:17", "text": "posted. So, there is one comment here. I"}, {"start": "00:03:17", "end": "00:03:20", "text": "am more afraid of the market crashing up"}, {"start": "00:03:20", "end": "00:03:22", "text": "than crashing down. And by the way, I'm"}, {"start": "00:03:22", "end": "00:03:23", "text": "not showing this comments to make fun of"}, {"start": "00:03:23", "end": "00:03:24", "text": "people. Not at all. I just want to show"}, {"start": "00:03:24", "end": "00:03:26", "text": "you what kind of sentiment, what kind of"}, {"start": "00:03:26", "end": "00:03:27", "text": "episteem we're dealing with. Let me show"}, {"start": "00:03:27", "end": "00:03:30", "text": "another one. This comment over here says"}, {"start": "00:03:30", "end": "00:03:33", "text": "ES futures, S&P futures going to 7,500"}, {"start": "00:03:33", "end": "00:03:35", "text": "by year end. Okay, just think about"}, {"start": "00:03:35", "end": "00:03:39", "text": "that. Not 7,000. No, no, 7,500 by the"}, {"start": "00:03:39", "end": "00:03:41", "text": "end of the year. We have only about a"}, {"start": "00:03:41", "end": "00:03:43", "text": "few weeks left to the end of the year."}, {"start": "00:03:43", "end": "00:03:45", "text": "So that means another 10% in just a"}, {"start": "00:03:45", "end": "00:03:47", "text": "matter of few weeks. Here's another one."}, {"start": "00:03:47", "end": "00:03:50", "text": "I think the absolute top is around 7,600"}, {"start": "00:03:50", "end": "00:03:52", "text": "7,700 again. Everybody is just calling"}, {"start": "00:03:52", "end": "00:03:54", "text": "the price higher and higher again. All"}, {"start": "00:03:54", "end": "00:03:56", "text": "right. So, nobody's even thinking about"}, {"start": "00:03:56", "end": "00:03:58", "text": "7,000 anymore. Forget that. Everything"}, {"start": "00:03:58", "end": "00:04:01", "text": "is about now 7,600 7,700 or things like"}, {"start": "00:04:01", "end": "00:04:04", "text": "that. Here's one around 7,600 to retest"}, {"start": "00:04:04", "end": "00:04:09", "text": "it. Another one here. S&P 500 10K then"}, {"start": "00:04:09", "end": "00:04:11", "text": "crash. So, just to understand that,"}, {"start": "00:04:11", "end": "00:04:16", "text": "forget 7,000. forget 7,500 10,000 10k on"}, {"start": "00:04:16", "end": "00:04:19", "text": "the S&P before the next crash. I mean,"}, {"start": "00:04:19", "end": "00:04:21", "text": "this is just incredible. I wasn't even"}, {"start": "00:04:21", "end": "00:04:22", "text": "prepared for this when I was reading the"}, {"start": "00:04:22", "end": "00:04:24", "text": "comments. By the way, this comment over"}, {"start": "00:04:24", "end": "00:04:26", "text": "here essentially saying the power of"}, {"start": "00:04:26", "end": "00:04:27", "text": "artificial intelligence and technology"}, {"start": "00:04:27", "end": "00:04:30", "text": "is such a powerful macro force that it"}, {"start": "00:04:30", "end": "00:04:32", "text": "cancels recessionary patterns and keeps"}, {"start": "00:04:32", "end": "00:04:34", "text": "stock market indices in a bull market"}, {"start": "00:04:34", "end": "00:04:35", "text": "phase. In other words, guys, this"}, {"start": "00:04:35", "end": "00:04:37", "text": "comment is saying that the market cannot"}, {"start": "00:04:37", "end": "00:04:40", "text": "possibly go down or collapse because of"}, {"start": "00:04:40", "end": "00:04:42", "text": "artificial intelligence. But this is the"}, {"start": "00:04:42", "end": "00:04:43", "text": "exact kind of argument people would make"}, {"start": "00:04:43", "end": "00:04:46", "text": "if you remember 25 years ago in the"}, {"start": "00:04:46", "end": "00:04:48", "text": "dotcom bubble. In the dotcom bubble of"}, {"start": "00:04:48", "end": "00:04:50", "text": "the 2000s, people would say that the"}, {"start": "00:04:50", "end": "00:04:53", "text": "stock market cannot possibly go down or"}, {"start": "00:04:53", "end": "00:04:55", "text": "crash because of the internet, the age"}, {"start": "00:04:55", "end": "00:04:57", "text": "of the internet. But as we know, the"}, {"start": "00:04:57", "end": "00:04:59", "text": "stock market topped and then crashed by"}, {"start": "00:04:59", "end": "00:05:02", "text": "50% over the next few years despite the"}, {"start": "00:05:02", "end": "00:05:04", "text": "new technology of the internet. By the"}, {"start": "00:05:04", "end": "00:05:05", "text": "way, I think the reason why a lot of"}, {"start": "00:05:05", "end": "00:05:07", "text": "people are so incredibly bullish on the"}, {"start": "00:05:07", "end": "00:05:09", "text": "stock market right now and they don't"}, {"start": "00:05:09", "end": "00:05:11", "text": "expect any kind of a drop in the market."}, {"start": "00:05:11", "end": "00:05:13", "text": "In other words, people's brains have"}, {"start": "00:05:13", "end": "00:05:15", "text": "been conditioned to think the market"}, {"start": "00:05:15", "end": "00:05:18", "text": "cannot possibly drop by a big amount by"}, {"start": "00:05:18", "end": "00:05:20", "text": "even double-digit percentages. I think"}, {"start": "00:05:20", "end": "00:05:22", "text": "the reason is that over the last several"}, {"start": "00:05:22", "end": "00:05:25", "text": "months, every particular drop, every"}, {"start": "00:05:25", "end": "00:05:26", "text": "pullback so far has been extremely"}, {"start": "00:05:26", "end": "00:05:29", "text": "shallow. So, I don't blame these people."}, {"start": "00:05:29", "end": "00:05:31", "text": "Okay? So if you look since the April"}, {"start": "00:05:31", "end": "00:05:33", "text": "lows uh pretty much this rally if you"}, {"start": "00:05:33", "end": "00:05:35", "text": "look at all these pullbacks the majority"}, {"start": "00:05:35", "end": "00:05:37", "text": "of these pullbacks being so shallow so"}, {"start": "00:05:37", "end": "00:05:40", "text": "stingy as you can see here again very"}, {"start": "00:05:40", "end": "00:05:42", "text": "small relative to previous drops and by"}, {"start": "00:05:42", "end": "00:05:45", "text": "the way this is extremely unusual uh in"}, {"start": "00:05:45", "end": "00:05:47", "text": "the year 2020 for example despite the"}, {"start": "00:05:47", "end": "00:05:49", "text": "big rally we had that year there was"}, {"start": "00:05:49", "end": "00:05:52", "text": "still big drops about 10% in that year"}, {"start": "00:05:52", "end": "00:05:54", "text": "so what we're seeing here with these"}, {"start": "00:05:54", "end": "00:05:57", "text": "pullbacks being extremely shallow is"}, {"start": "00:05:57", "end": "00:05:59", "text": "highly unusual so that means Guys, most"}, {"start": "00:05:59", "end": "00:06:01", "text": "people's brains are being conditioned"}, {"start": "00:06:01", "end": "00:06:02", "text": "right now to think that there cannot"}, {"start": "00:06:02", "end": "00:06:04", "text": "possibly be a big drop in the market"}, {"start": "00:06:04", "end": "00:06:06", "text": "that the drop is going to be very small"}, {"start": "00:06:06", "end": "00:06:07", "text": "and we're just going to continue going"}, {"start": "00:06:07", "end": "00:06:09", "text": "up higher and higher. And that's why"}, {"start": "00:06:09", "end": "00:06:10", "text": "you're seeing a lot of these comments"}, {"start": "00:06:10", "end": "00:06:14", "text": "out there saying 7,500 7,600 by the year"}, {"start": "00:06:14", "end": "00:06:15", "text": "end. And by the way, let me just make it"}, {"start": "00:06:15", "end": "00:06:17", "text": "very clear. I'm not saying that we're"}, {"start": "00:06:17", "end": "00:06:19", "text": "going to fall into a bare market this"}, {"start": "00:06:19", "end": "00:06:21", "text": "year. Okay? So, I'm not saying the stock"}, {"start": "00:06:21", "end": "00:06:23", "text": "market is going to drop by 20% by the"}, {"start": "00:06:23", "end": "00:06:24", "text": "end of December. That's not what I'm"}, {"start": "00:06:24", "end": "00:06:27", "text": "saying at all. Actually longer term I"}, {"start": "00:06:27", "end": "00:06:29", "text": "think over the long term the next six to"}, {"start": "00:06:29", "end": "00:06:31", "text": "12 months it is perfectly possible and"}, {"start": "00:06:31", "end": "00:06:33", "text": "probable for the market to move higher"}, {"start": "00:06:33", "end": "00:06:35", "text": "to those levels that were mentioned in"}, {"start": "00:06:35", "end": "00:06:37", "text": "those comments. So I'm not saying that"}, {"start": "00:06:37", "end": "00:06:39", "text": "cannot happen in the long term but in"}, {"start": "00:06:39", "end": "00:06:41", "text": "the short term in other words next"}, {"start": "00:06:41", "end": "00:06:43", "text": "several weeks as we go towards the end"}, {"start": "00:06:43", "end": "00:06:44", "text": "of the year going into January I think"}, {"start": "00:06:44", "end": "00:06:46", "text": "there's much more risk and I think we"}, {"start": "00:06:46", "end": "00:06:48", "text": "should be very cautious in the short"}, {"start": "00:06:48", "end": "00:06:51", "text": "term. Uh so even though in the longer"}, {"start": "00:06:51", "end": "00:06:54", "text": "term perhaps next year perhaps by the"}, {"start": "00:06:54", "end": "00:06:56", "text": "middle of next year we could move to"}, {"start": "00:06:56", "end": "00:06:58", "text": "those upper targets uh nevertheless in"}, {"start": "00:06:58", "end": "00:07:00", "text": "the near term and the short term I'm"}, {"start": "00:07:00", "end": "00:07:02", "text": "remaining very cautious here and uh I"}, {"start": "00:07:02", "end": "00:07:04", "text": "think there's much more risk in the"}, {"start": "00:07:04", "end": "00:07:06", "text": "market and one reason I'm very cautious"}, {"start": "00:07:06", "end": "00:07:08", "text": "right now is because the episteem at the"}, {"start": "00:07:08", "end": "00:07:10", "text": "moment is just extreme optimism where"}, {"start": "00:07:10", "end": "00:07:11", "text": "everyone thinks the market cannot"}, {"start": "00:07:11", "end": "00:07:14", "text": "possibly drop by let's say 7 to 10% and"}, {"start": "00:07:14", "end": "00:07:17", "text": "will just go up forever and uh that's"}, {"start": "00:07:17", "end": "00:07:18", "text": "what keeps me cautious at the moment."}, {"start": "00:07:18", "end": "00:07:19", "text": "And by the way guys, just in case you"}, {"start": "00:07:19", "end": "00:07:22", "text": "wanted more proof, take a look at this."}, {"start": "00:07:22", "end": "00:07:24", "text": "The sentiment among money managers, so"}, {"start": "00:07:24", "end": "00:07:26", "text": "money managers out there, also known as"}, {"start": "00:07:26", "end": "00:07:29", "text": "the dumb money, the sentiment among them"}, {"start": "00:07:29", "end": "00:07:31", "text": "went over a 100. So the levels of"}, {"start": "00:07:31", "end": "00:07:33", "text": "optimism, the levels of extreme"}, {"start": "00:07:33", "end": "00:07:34", "text": "optimism, I show this chart, by the way,"}, {"start": "00:07:34", "end": "00:07:36", "text": "to our members, the levels of extreme"}, {"start": "00:07:36", "end": "00:07:39", "text": "optimism among money managers went over"}, {"start": "00:07:39", "end": "00:07:41", "text": "a 100. And typically in the past when"}, {"start": "00:07:41", "end": "00:07:43", "text": "this has occurred, it has been a warning"}, {"start": "00:07:43", "end": "00:07:45", "text": "sign. It has been a warning sign of a"}, {"start": "00:07:45", "end": "00:07:47", "text": "potential major correction or a drop."}, {"start": "00:07:47", "end": "00:07:48", "text": "Again, I want to make this very clear."}, {"start": "00:07:48", "end": "00:07:50", "text": "I'm not saying that the stock market is"}, {"start": "00:07:50", "end": "00:07:52", "text": "going to drop into a bare market and"}, {"start": "00:07:52", "end": "00:07:54", "text": "crash by 20%. That is not at all what"}, {"start": "00:07:54", "end": "00:07:55", "text": "I'm saying. All I'm simply saying is"}, {"start": "00:07:55", "end": "00:07:58", "text": "that the risk is very high of some kind"}, {"start": "00:07:58", "end": "00:08:00", "text": "of a sharp potential drop in the stock"}, {"start": "00:08:00", "end": "00:08:01", "text": "market. And that drop in the stock"}, {"start": "00:08:01", "end": "00:08:03", "text": "market could potentially be about 7 to"}, {"start": "00:08:03", "end": "00:08:05", "text": "10% in double digits, for example. I"}, {"start": "00:08:05", "end": "00:08:07", "text": "think anybody out there who says that"}, {"start": "00:08:07", "end": "00:08:08", "text": "there's too much fear in the market"}, {"start": "00:08:08", "end": "00:08:10", "text": "right now honestly does not know what"}, {"start": "00:08:10", "end": "00:08:11", "text": "they're talking about. The sentiment"}, {"start": "00:08:11", "end": "00:08:13", "text": "readings and everything I've shown so"}, {"start": "00:08:13", "end": "00:08:15", "text": "far shows the exact opposite that we're"}, {"start": "00:08:15", "end": "00:08:17", "text": "seeing extreme optimism and greed. And"}, {"start": "00:08:17", "end": "00:08:19", "text": "one last thing I want to show you here,"}, {"start": "00:08:19", "end": "00:08:20", "text": "get this. As I'm sure you probably"}, {"start": "00:08:20", "end": "00:08:22", "text": "heard, Michael Bur, who as I'm sure you"}, {"start": "00:08:22", "end": "00:08:24", "text": "know, one of the biggest bears out"}, {"start": "00:08:24", "end": "00:08:25", "text": "there, uh Michael Bur of course made his"}, {"start": "00:08:25", "end": "00:08:27", "text": "name in the big short if you've seen"}, {"start": "00:08:27", "end": "00:08:29", "text": "that film. Now, Michael Bur again, one"}, {"start": "00:08:29", "end": "00:08:31", "text": "of the biggest bears out there, he just"}, {"start": "00:08:31", "end": "00:08:33", "text": "recently closed his hedge fund."}, {"start": "00:08:33", "end": "00:08:35", "text": "Essentially, he gave up. Now, some of"}, {"start": "00:08:35", "end": "00:08:38", "text": "you probably know this that usually when"}, {"start": "00:08:38", "end": "00:08:40", "text": "bears, when some of the extreme bears"}, {"start": "00:08:40", "end": "00:08:43", "text": "out there, when they give up and they"}, {"start": "00:08:43", "end": "00:08:45", "text": "throw in the towel and they say, \"Forget"}, {"start": "00:08:45", "end": "00:08:47", "text": "it.\" That's usually about the time when"}, {"start": "00:08:47", "end": "00:08:49", "text": "we usually see a major shift or turning"}, {"start": "00:08:49", "end": "00:08:51", "text": "point in the market. Now, some of you"}, {"start": "00:08:51", "end": "00:08:53", "text": "probably thinking, \"Well, is it not"}, {"start": "00:08:53", "end": "00:08:55", "text": "possible for the stock market, the S&P"}, {"start": "00:08:55", "end": "00:08:57", "text": "for example, to make a higher high to"}, {"start": "00:08:57", "end": "00:08:59", "text": "7,000?\" Yes, it is possible. The market"}, {"start": "00:08:59", "end": "00:09:01", "text": "could, for example, ignore all these"}, {"start": "00:09:01", "end": "00:09:03", "text": "warnings and push yet again to a new"}, {"start": "00:09:03", "end": "00:09:05", "text": "high to, for example, 7,000. But here's"}, {"start": "00:09:05", "end": "00:09:07", "text": "the thing, that does not change anything"}, {"start": "00:09:07", "end": "00:09:09", "text": "about what I've said in this video. It"}, {"start": "00:09:09", "end": "00:09:11", "text": "makes the risk of a big drop or a"}, {"start": "00:09:11", "end": "00:09:13", "text": "correction of double-digit percentages"}, {"start": "00:09:13", "end": "00:09:15", "text": "even higher. So, I don't think the risk"}, {"start": "00:09:15", "end": "00:09:17", "text": "disappears just because the market goes"}, {"start": "00:09:17", "end": "00:09:19", "text": "to, for example, 7,000 if that happens."}, {"start": "00:09:19", "end": "00:09:21", "text": "By the way, again, I personally think"}, {"start": "00:09:21", "end": "00:09:23", "text": "there's much more risk in this market"}, {"start": "00:09:23", "end": "00:09:25", "text": "right now. So, I'm being very cautious."}, {"start": "00:09:25", "end": "00:09:26", "text": "By the way, I'm not suggesting to"}, {"start": "00:09:26", "end": "00:09:28", "text": "anybody that they should sell or short"}, {"start": "00:09:28", "end": "00:09:30", "text": "the stock market. Not at all. This video"}, {"start": "00:09:30", "end": "00:09:32", "text": "is purely for educational purposes. I"}, {"start": "00:09:32", "end": "00:09:33", "text": "just want to put this out there and"}, {"start": "00:09:33", "end": "00:09:35", "text": "share with you my thoughts and why I"}, {"start": "00:09:35", "end": "00:09:37", "text": "think uh people's brains right now have"}, {"start": "00:09:37", "end": "00:09:39", "text": "just been conditioned to think that this"}, {"start": "00:09:39", "end": "00:09:41", "text": "market cannot possibly drop. And"}, {"start": "00:09:41", "end": "00:09:42", "text": "personally, I think if we do see some"}, {"start": "00:09:42", "end": "00:09:44", "text": "kind of correction or a drop in the"}, {"start": "00:09:44", "end": "00:09:45", "text": "stock market in the next several weeks,"}, {"start": "00:09:45", "end": "00:09:47", "text": "whether by the end of this year or going"}, {"start": "00:09:47", "end": "00:09:48", "text": "into January, I actually think that"}, {"start": "00:09:48", "end": "00:09:50", "text": "would be a good thing for the market"}, {"start": "00:09:50", "end": "00:09:51", "text": "because I think we need to shake out the"}, {"start": "00:09:51", "end": "00:09:53", "text": "weak hands and also just change and"}, {"start": "00:09:53", "end": "00:09:55", "text": "shift the sentiment. the episteem in the"}, {"start": "00:09:55", "end": "00:09:57", "text": "market right now. Anyway, guys, let me"}, {"start": "00:09:57", "end": "00:09:58", "text": "know in the comments what you think."}, {"start": "00:09:58", "end": "00:09:59", "text": "I'll be interested to hear your views."}, {"start": "00:09:59", "end": "00:10:01", "text": "And by the way, guys, don't forget that"}, {"start": "00:10:01", "end": "00:10:02", "text": "myself and Charlie Burton are doing an"}, {"start": "00:10:02", "end": "00:10:04", "text": "online educational course on trading and"}, {"start": "00:10:04", "end": "00:10:06", "text": "technical analysis. And to get the early"}, {"start": "00:10:06", "end": "00:10:07", "text": "bird discount, just go to this link you"}, {"start": "00:10:07", "end": "00:10:08", "text": "see here, which is also in the"}, {"start": "00:10:08", "end": "00:10:10", "text": "description. Okay, thank you very much"}, {"start": "00:10:10", "end": "00:10:11", "text": "indeed. See you guys in the next video"}, {"start": "00:10:11", "end": "00:10:14", "text": "update. Cheers."}, {"start": "00:10:16", "end": "00:10:28", "text": "[Music]"}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Hey guys, Allesia. Hope you're well. In"}, {"start": "00:00:01", "end": "00:00:02", "text": "this video, we're going to take a look"}, {"start": "00:00:02", "end": "00:00:04", "text": "at this chart you're seeing here of the"}, {"start": "00:00:04", "end": "00:00:05", "text": "stock market. And there are some"}, {"start": "00:00:05", "end": "00:00:07", "text": "analysts who are saying that this"}, {"start": "00:00:07", "end": "00:00:09", "text": "particular chart could spell disaster"}, {"start": "00:00:09", "end": "00:00:10", "text": "for the stock market. In fact, according"}, {"start": "00:00:10", "end": "00:00:12", "text": "to some respected analysts, this"}, {"start": "00:00:12", "end": "00:00:14", "text": "particular chart could be warning us"}, {"start": "00:00:14", "end": "00:00:15", "text": "that the stock market could potentially"}, {"start": "00:00:15", "end": "00:00:18", "text": "move into a downtrend or a bare market."}, {"start": "00:00:18", "end": "00:00:20", "text": "But why do they think this? And are they"}, {"start": "00:00:20", "end": "00:00:22", "text": "right? We'll discuss this in this video."}, {"start": "00:00:22", "end": "00:00:25", "text": "All right, guys. Join me."}, {"start": "00:00:30", "end": "00:00:32", "text": "Hey guys, welcome back. So, in a few"}, {"start": "00:00:32", "end": "00:00:33", "text": "minutes, I want to discuss the US chart"}, {"start": "00:00:33", "end": "00:00:34", "text": "of the stock market, which has some"}, {"start": "00:00:34", "end": "00:00:36", "text": "important meanings for us, especially"}, {"start": "00:00:36", "end": "00:00:38", "text": "for the next several years. Now, let me"}, {"start": "00:00:38", "end": "00:00:39", "text": "just quickly mention my good friend and"}, {"start": "00:00:39", "end": "00:00:41", "text": "trader Charlie Burton and I are doing an"}, {"start": "00:00:41", "end": "00:00:43", "text": "online educational course on trading and"}, {"start": "00:00:43", "end": "00:00:44", "text": "technical analysis. The link to get the"}, {"start": "00:00:44", "end": "00:00:46", "text": "early bird discount on the course is now"}, {"start": "00:00:46", "end": "00:00:48", "text": "available for you here. So, just go to"}, {"start": "00:00:48", "end": "00:00:49", "text": "the link is in the description as well,"}, {"start": "00:00:49", "end": "00:00:50", "text": "and I'll tell you more about it at the"}, {"start": "00:00:50", "end": "00:00:51", "text": "end of the video. Let me just tell you"}, {"start": "00:00:51", "end": "00:00:53", "text": "briefly where I am. I'm in a region of"}, {"start": "00:00:53", "end": "00:00:55", "text": "England, a place called Penzance,"}, {"start": "00:00:55", "end": "00:00:57", "text": "otherwise also known as Lanzend. I've"}, {"start": "00:00:57", "end": "00:00:58", "text": "never been to Penzance, but I'm sure"}, {"start": "00:00:58", "end": "00:01:00", "text": "you've heard of Cornwall. Anyway guys,"}, {"start": "00:01:00", "end": "00:01:01", "text": "let's take a stroll here briefly and let"}, {"start": "00:01:01", "end": "00:01:03", "text": "me just explain to you the significance"}, {"start": "00:01:03", "end": "00:01:05", "text": "and meaning of this chart, the stock"}, {"start": "00:01:05", "end": "00:01:06", "text": "market, and also the NASDAQ, this"}, {"start": "00:01:06", "end": "00:01:07", "text": "particular chart you're seeing here as"}, {"start": "00:01:07", "end": "00:01:08", "text": "well. All right, guys. There have been"}, {"start": "00:01:08", "end": "00:01:10", "text": "some analysts, some very respected"}, {"start": "00:01:10", "end": "00:01:12", "text": "analysts who've been saying that this"}, {"start": "00:01:12", "end": "00:01:14", "text": "particular chart of the stock market,"}, {"start": "00:01:14", "end": "00:01:16", "text": "take a look over here, uh this trend"}, {"start": "00:01:16", "end": "00:01:18", "text": "line you're seeing here, this rising"}, {"start": "00:01:18", "end": "00:01:19", "text": "trend line. But again, you might be"}, {"start": "00:01:19", "end": "00:01:20", "text": "wondering, okay, well, so what? Well,"}, {"start": "00:01:20", "end": "00:01:22", "text": "some analysts are saying, well, if you"}, {"start": "00:01:22", "end": "00:01:24", "text": "connect the highs before the crash that"}, {"start": "00:01:24", "end": "00:01:27", "text": "occurred, that high from 2007. So, if"}, {"start": "00:01:27", "end": "00:01:29", "text": "you drew a trend line by connecting"}, {"start": "00:01:29", "end": "00:01:31", "text": "those two tops on this logarithmic chart"}, {"start": "00:01:31", "end": "00:01:33", "text": "from the highs just before the 2007208"}, {"start": "00:01:33", "end": "00:01:35", "text": "crash and then by connecting that to the"}, {"start": "00:01:35", "end": "00:01:37", "text": "highs we made in the year 2021 2022, you"}, {"start": "00:01:37", "end": "00:01:40", "text": "will see where that trend line meets us."}, {"start": "00:01:40", "end": "00:01:42", "text": "Essentially, that trend line meets us in"}, {"start": "00:01:42", "end": "00:01:45", "text": "the year 2025. So you can see that the"}, {"start": "00:01:45", "end": "00:01:46", "text": "stock market as a matter of fact has"}, {"start": "00:01:46", "end": "00:01:49", "text": "come now to that very important critical"}, {"start": "00:01:49", "end": "00:01:51", "text": "trend line that actually if you go on a"}, {"start": "00:01:51", "end": "00:01:54", "text": "chart of the NASDAQ you will see uh also"}, {"start": "00:01:54", "end": "00:01:55", "text": "a trend line resistance on this chart"}, {"start": "00:01:55", "end": "00:01:57", "text": "you're seeing here of the NASDAQ which"}, {"start": "00:01:57", "end": "00:01:59", "text": "meets us just about the region where the"}, {"start": "00:01:59", "end": "00:02:01", "text": "market came to in the year 2025. So in"}, {"start": "00:02:01", "end": "00:02:02", "text": "other words we have at least two"}, {"start": "00:02:02", "end": "00:02:04", "text": "different charts which have a similar"}, {"start": "00:02:04", "end": "00:02:06", "text": "rising trend line with resistance"}, {"start": "00:02:06", "end": "00:02:08", "text": "meeting us in the year 2025. Now you're"}, {"start": "00:02:08", "end": "00:02:10", "text": "probably wondering okay well you've got"}, {"start": "00:02:10", "end": "00:02:11", "text": "these trend lines on these different"}, {"start": "00:02:11", "end": "00:02:13", "text": "charts. Well, so what what has it got to"}, {"start": "00:02:13", "end": "00:02:15", "text": "do with now? Well, as I'm sure you know"}, {"start": "00:02:15", "end": "00:02:17", "text": "in technical analysis, trend line"}, {"start": "00:02:17", "end": "00:02:18", "text": "resistances, in other words, when the"}, {"start": "00:02:18", "end": "00:02:20", "text": "market rallies up to a trend line, an"}, {"start": "00:02:20", "end": "00:02:22", "text": "important trend line, uh like on this"}, {"start": "00:02:22", "end": "00:02:23", "text": "chart you're seeing here, especially on"}, {"start": "00:02:23", "end": "00:02:26", "text": "higher time frames, uh as you can see,"}, {"start": "00:02:26", "end": "00:02:27", "text": "we're actually using here a monthly"}, {"start": "00:02:27", "end": "00:02:29", "text": "chart. So, it's quite a long time frame"}, {"start": "00:02:29", "end": "00:02:31", "text": "we're using here. So quite simply in"}, {"start": "00:02:31", "end": "00:02:33", "text": "technical analysis when the market"}, {"start": "00:02:33", "end": "00:02:36", "text": "rallies up to a key trend line"}, {"start": "00:02:36", "end": "00:02:38", "text": "resistance typically gets rejected"}, {"start": "00:02:38", "end": "00:02:41", "text": "especially after it drops and breaks"}, {"start": "00:02:41", "end": "00:02:42", "text": "support that could be a significant sign"}, {"start": "00:02:42", "end": "00:02:44", "text": "of danger that the market could be"}, {"start": "00:02:44", "end": "00:02:47", "text": "getting ready for a move into a"}, {"start": "00:02:47", "end": "00:02:49", "text": "downtrend or indeed some kind of a bare"}, {"start": "00:02:49", "end": "00:02:52", "text": "market. And remember guys um we're using"}, {"start": "00:02:52", "end": "00:02:54", "text": "here a higher time frame. We're using"}, {"start": "00:02:54", "end": "00:02:55", "text": "the monthly chart. Why is this"}, {"start": "00:02:55", "end": "00:02:57", "text": "important? Well, there are some"}, {"start": "00:02:57", "end": "00:02:58", "text": "respectable analysts out there who are"}, {"start": "00:02:58", "end": "00:03:00", "text": "saying, \"Look, uh, because the stock"}, {"start": "00:03:00", "end": "00:03:03", "text": "market is now rallying or has rallied in"}, {"start": "00:03:03", "end": "00:03:06", "text": "the year 2025 to these key resistance"}, {"start": "00:03:06", "end": "00:03:07", "text": "trend lines that we see there on these"}, {"start": "00:03:07", "end": "00:03:09", "text": "charts and because these are higher time"}, {"start": "00:03:09", "end": "00:03:11", "text": "frame charts which carry even more"}, {"start": "00:03:11", "end": "00:03:12", "text": "importance. By the way, you'll notice"}, {"start": "00:03:12", "end": "00:03:14", "text": "that the stock market rallied up to that"}, {"start": "00:03:14", "end": "00:03:16", "text": "trend line resistance and as a matter of"}, {"start": "00:03:16", "end": "00:03:18", "text": "fact, it's getting rejected uh because"}, {"start": "00:03:18", "end": "00:03:20", "text": "of the recent pullback that occurred."}, {"start": "00:03:20", "end": "00:03:21", "text": "The market has now got rejected and is"}, {"start": "00:03:21", "end": "00:03:23", "text": "now dropping. In other words, the market"}, {"start": "00:03:23", "end": "00:03:25", "text": "has deflected from those trend lines."}, {"start": "00:03:25", "end": "00:03:26", "text": "The price action went slightly above"}, {"start": "00:03:26", "end": "00:03:27", "text": "those trend lines and as you can see"}, {"start": "00:03:27", "end": "00:03:29", "text": "here is now pulling back getting"}, {"start": "00:03:29", "end": "00:03:31", "text": "rejected from those trend lines as a"}, {"start": "00:03:31", "end": "00:03:33", "text": "result of the most recent pullback. But"}, {"start": "00:03:33", "end": "00:03:34", "text": "there are some respectable analysts out"}, {"start": "00:03:34", "end": "00:03:36", "text": "there who are saying look because"}, {"start": "00:03:36", "end": "00:03:38", "text": "resistance trend lines especially on"}, {"start": "00:03:38", "end": "00:03:41", "text": "higher time frames because they act as"}, {"start": "00:03:41", "end": "00:03:43", "text": "resistance for price in other words the"}, {"start": "00:03:43", "end": "00:03:46", "text": "stock markets and because price is now"}, {"start": "00:03:46", "end": "00:03:49", "text": "rallying or has rallied to this key"}, {"start": "00:03:49", "end": "00:03:51", "text": "trend line resistance. This can act as"}, {"start": "00:03:51", "end": "00:03:54", "text": "an important level or ceiling for the"}, {"start": "00:03:54", "end": "00:03:56", "text": "stock market. Again ceiling in quotation"}, {"start": "00:03:56", "end": "00:03:57", "text": "marks because nothing can ever be a"}, {"start": "00:03:57", "end": "00:03:59", "text": "ceiling. Well, this indicates a key"}, {"start": "00:03:59", "end": "00:04:02", "text": "resistance that could potentially result"}, {"start": "00:04:02", "end": "00:04:04", "text": "in the stock market falling into a"}, {"start": "00:04:04", "end": "00:04:05", "text": "downtrend or a bare market. But again,"}, {"start": "00:04:05", "end": "00:04:07", "text": "there are some analysts who are saying,"}, {"start": "00:04:07", "end": "00:04:09", "text": "look, based on probabilities, there is"}, {"start": "00:04:09", "end": "00:04:11", "text": "now, again, according to them, a high"}, {"start": "00:04:11", "end": "00:04:13", "text": "probability that the stock market is now"}, {"start": "00:04:13", "end": "00:04:16", "text": "getting rejected from these trend line"}, {"start": "00:04:16", "end": "00:04:18", "text": "resistance levels and that potentially"}, {"start": "00:04:18", "end": "00:04:20", "text": "the stock market could likely fall into"}, {"start": "00:04:20", "end": "00:04:22", "text": "a bare market and a downtrend. In other"}, {"start": "00:04:22", "end": "00:04:25", "text": "words, these resistance trend lines"}, {"start": "00:04:25", "end": "00:04:27", "text": "could spell disaster for the stock"}, {"start": "00:04:27", "end": "00:04:28", "text": "market. Now, there are some analysts who"}, {"start": "00:04:28", "end": "00:04:30", "text": "are already making up their minds and"}, {"start": "00:04:30", "end": "00:04:33", "text": "saying, \"Look, this is it. The market"}, {"start": "00:04:33", "end": "00:04:35", "text": "has topped.\" So, for them, again, this"}, {"start": "00:04:35", "end": "00:04:36", "text": "is not my opinion, but they're saying,"}, {"start": "00:04:36", "end": "00:04:38", "text": "\"Look, the stock market has topped"}, {"start": "00:04:38", "end": "00:04:40", "text": "already. It's getting rejected from"}, {"start": "00:04:40", "end": "00:04:41", "text": "those trend line resistance levels.\" And"}, {"start": "00:04:41", "end": "00:04:43", "text": "according to these analysts, they're"}, {"start": "00:04:43", "end": "00:04:44", "text": "saying that the stock market has already"}, {"start": "00:04:44", "end": "00:04:47", "text": "topped and we're falling into a"}, {"start": "00:04:47", "end": "00:04:50", "text": "multi-year, probably a long-term bare"}, {"start": "00:04:50", "end": "00:04:52", "text": "market and downtrend. So the question"}, {"start": "00:04:52", "end": "00:04:53", "text": "you're probably wondering is okay are"}, {"start": "00:04:53", "end": "00:04:55", "text": "they right? Do I agree with them? So let"}, {"start": "00:04:55", "end": "00:04:57", "text": "me just discuss that. I don't think it's"}, {"start": "00:04:57", "end": "00:05:00", "text": "enough. I think the stock market has to"}, {"start": "00:05:00", "end": "00:05:02", "text": "perhaps show to us uh in other words"}, {"start": "00:05:02", "end": "00:05:03", "text": "prove to us that it's falling into a"}, {"start": "00:05:03", "end": "00:05:05", "text": "bare market by doing some further action"}, {"start": "00:05:05", "end": "00:05:07", "text": "or giving us some further information."}, {"start": "00:05:07", "end": "00:05:09", "text": "So personally for me I'm not yet"}, {"start": "00:05:09", "end": "00:05:11", "text": "convinced that just because the stock"}, {"start": "00:05:11", "end": "00:05:12", "text": "markets have rallied up to these key"}, {"start": "00:05:12", "end": "00:05:14", "text": "trend line resistance levels and now"}, {"start": "00:05:14", "end": "00:05:16", "text": "getting rejected from those levels that"}, {"start": "00:05:16", "end": "00:05:18", "text": "that's sufficient to say that now we're"}, {"start": "00:05:18", "end": "00:05:20", "text": "falling into a long-term bare market. Of"}, {"start": "00:05:20", "end": "00:05:23", "text": "course, it's possible these analysts who"}, {"start": "00:05:23", "end": "00:05:24", "text": "quite bearish, they might be right. But"}, {"start": "00:05:24", "end": "00:05:26", "text": "I don't know about you, but I personally"}, {"start": "00:05:26", "end": "00:05:28", "text": "would need further information from the"}, {"start": "00:05:28", "end": "00:05:30", "text": "stock market to prove to us or at least"}, {"start": "00:05:30", "end": "00:05:32", "text": "show to us with a high probability that"}, {"start": "00:05:32", "end": "00:05:34", "text": "we're falling into a downtrend, a"}, {"start": "00:05:34", "end": "00:05:36", "text": "long-term downtrend or a bare market."}, {"start": "00:05:36", "end": "00:05:38", "text": "And I don't think we're there yet. what"}, {"start": "00:05:38", "end": "00:05:40", "text": "I would require the stock market to do,"}, {"start": "00:05:40", "end": "00:05:41", "text": "what I would need to see before I can"}, {"start": "00:05:41", "end": "00:05:44", "text": "become convinced that the stock market"}, {"start": "00:05:44", "end": "00:05:46", "text": "is falling into a downtrend or a bare"}, {"start": "00:05:46", "end": "00:05:47", "text": "market. And I'm going to say this"}, {"start": "00:05:47", "end": "00:05:48", "text": "because there are some people out there"}, {"start": "00:05:48", "end": "00:05:49", "text": "who are probably watching this video and"}, {"start": "00:05:49", "end": "00:05:51", "text": "they're saying, \"Oh, Allesio is bearish."}, {"start": "00:05:51", "end": "00:05:54", "text": "Allesio is a perma bear or Allesio is"}, {"start": "00:05:54", "end": "00:05:55", "text": "always negative on the stock market.\""}, {"start": "00:05:55", "end": "00:05:57", "text": "That is simply not true, guys. If you go"}, {"start": "00:05:57", "end": "00:05:59", "text": "and watch my previous videos, for"}, {"start": "00:05:59", "end": "00:06:01", "text": "example, back in April, uh you know, I"}, {"start": "00:06:01", "end": "00:06:02", "text": "was bullish on the stock market when the"}, {"start": "00:06:02", "end": "00:06:05", "text": "stock market crashed and dropped. I"}, {"start": "00:06:05", "end": "00:06:06", "text": "mentioned at a time in April that we"}, {"start": "00:06:06", "end": "00:06:08", "text": "reached capitulation. So, I was very"}, {"start": "00:06:08", "end": "00:06:10", "text": "bullish on the stock market at the time."}, {"start": "00:06:10", "end": "00:06:11", "text": "Now, it is true. I was looking for a"}, {"start": "00:06:11", "end": "00:06:13", "text": "pullback in the stock market uh sometime"}, {"start": "00:06:13", "end": "00:06:15", "text": "in May or June. Didn't happen. You know,"}, {"start": "00:06:15", "end": "00:06:17", "text": "we're dealing with probabilities here."}, {"start": "00:06:17", "end": "00:06:18", "text": "We can't get things right every single"}, {"start": "00:06:18", "end": "00:06:20", "text": "time. I try my best to remain objective"}, {"start": "00:06:20", "end": "00:06:22", "text": "as possible on the charts of the stock"}, {"start": "00:06:22", "end": "00:06:24", "text": "market as with any other charts as well."}, {"start": "00:06:24", "end": "00:06:26", "text": "So, my point is simply this. in order"}, {"start": "00:06:26", "end": "00:06:29", "text": "for the stock market to convince us and"}, {"start": "00:06:29", "end": "00:06:31", "text": "actually persuade us with a high degree"}, {"start": "00:06:31", "end": "00:06:34", "text": "of probability that we're falling into"}, {"start": "00:06:34", "end": "00:06:35", "text": "some kind of a bare market or a"}, {"start": "00:06:35", "end": "00:06:37", "text": "downtrend as some of these analysts are"}, {"start": "00:06:37", "end": "00:06:40", "text": "claiming. What I would require to see"}, {"start": "00:06:40", "end": "00:06:42", "text": "first of all for the stock market to"}, {"start": "00:06:42", "end": "00:06:44", "text": "break support, so a key support level."}, {"start": "00:06:44", "end": "00:06:46", "text": "By the way, I've discussed a key support"}, {"start": "00:06:46", "end": "00:06:48", "text": "level in the member videos already. So,"}, {"start": "00:06:48", "end": "00:06:49", "text": "go ahead and watch that. Let me just say"}, {"start": "00:06:49", "end": "00:06:51", "text": "that I go into much more detail on the"}, {"start": "00:06:51", "end": "00:06:53", "text": "stock markets, gold and bitcoin in the"}, {"start": "00:06:53", "end": "00:06:55", "text": "member videos. So in a nutshell, if the"}, {"start": "00:06:55", "end": "00:06:57", "text": "stock market, which is by the way"}, {"start": "00:06:57", "end": "00:06:58", "text": "getting rejected from these important"}, {"start": "00:06:58", "end": "00:07:00", "text": "trend line resistance levels. So if the"}, {"start": "00:07:00", "end": "00:07:03", "text": "stock market were now to drop and break"}, {"start": "00:07:03", "end": "00:07:06", "text": "key support, okay, then that would"}, {"start": "00:07:06", "end": "00:07:07", "text": "indicate with a high degree of"}, {"start": "00:07:07", "end": "00:07:09", "text": "probability that we're likely falling"}, {"start": "00:07:09", "end": "00:07:11", "text": "into a downtrend. That has not happened"}, {"start": "00:07:11", "end": "00:07:14", "text": "as I'm making this video. Secondly, the"}, {"start": "00:07:14", "end": "00:07:16", "text": "drop that occurs, the drop that we see"}, {"start": "00:07:16", "end": "00:07:17", "text": "in the next several weeks and months"}, {"start": "00:07:17", "end": "00:07:19", "text": "must be impulsive. Okay, what does that"}, {"start": "00:07:19", "end": "00:07:21", "text": "mean? It simply means that it must be"}, {"start": "00:07:21", "end": "00:07:23", "text": "composed of five waves. So, five waves"}, {"start": "00:07:23", "end": "00:07:26", "text": "that are not overlapping. Okay, if we"}, {"start": "00:07:26", "end": "00:07:28", "text": "see a non-over overlapping fivewave"}, {"start": "00:07:28", "end": "00:07:30", "text": "decline, in other words, an impulsive"}, {"start": "00:07:30", "end": "00:07:32", "text": "drop in the stock market, then that"}, {"start": "00:07:32", "end": "00:07:34", "text": "would increase the likelihood that we're"}, {"start": "00:07:34", "end": "00:07:35", "text": "falling into a bare market. And by the"}, {"start": "00:07:35", "end": "00:07:37", "text": "way, in case you're wondering why does"}, {"start": "00:07:37", "end": "00:07:39", "text": "the drop have to be impulsive, this has"}, {"start": "00:07:39", "end": "00:07:40", "text": "to do with Elliot wave theory, which I"}, {"start": "00:07:40", "end": "00:07:42", "text": "think is very important. And that simply"}, {"start": "00:07:42", "end": "00:07:43", "text": "means that according to Elliot wave"}, {"start": "00:07:43", "end": "00:07:45", "text": "theory, if it's a fivewave decline, that"}, {"start": "00:07:45", "end": "00:07:47", "text": "increases the probability that we're"}, {"start": "00:07:47", "end": "00:07:50", "text": "falling into a downtrend. because trends"}, {"start": "00:07:50", "end": "00:07:52", "text": "are typically composed of impulsive"}, {"start": "00:07:52", "end": "00:07:53", "text": "structures. All right, guys. Quite"}, {"start": "00:07:53", "end": "00:07:55", "text": "simply, in a nutshell, those are my two"}, {"start": "00:07:55", "end": "00:07:58", "text": "criteria that I need to see before I can"}, {"start": "00:07:58", "end": "00:08:00", "text": "be persuaded that the stock market is"}, {"start": "00:08:00", "end": "00:08:02", "text": "going to fall into a downtrend or a"}, {"start": "00:08:02", "end": "00:08:03", "text": "long-term bare market. So, I'm not"}, {"start": "00:08:03", "end": "00:08:05", "text": "convinced uh like these analysts out"}, {"start": "00:08:05", "end": "00:08:06", "text": "there that the stock market's already"}, {"start": "00:08:06", "end": "00:08:08", "text": "topped and we're going to fall into a"}, {"start": "00:08:08", "end": "00:08:10", "text": "downtrend. Of course, they may be right."}, {"start": "00:08:10", "end": "00:08:12", "text": "It's possible. But what I would like to"}, {"start": "00:08:12", "end": "00:08:14", "text": "see is a high probability that the stock"}, {"start": "00:08:14", "end": "00:08:15", "text": "market is going to give us more"}, {"start": "00:08:15", "end": "00:08:17", "text": "information before we can make up our"}, {"start": "00:08:17", "end": "00:08:19", "text": "minds that we're falling into some kind"}, {"start": "00:08:19", "end": "00:08:21", "text": "of a downtrend or a bare market. And"}, {"start": "00:08:21", "end": "00:08:23", "text": "again, at the moment here, guys, I do"}, {"start": "00:08:23", "end": "00:08:24", "text": "not have that information to make a"}, {"start": "00:08:24", "end": "00:08:26", "text": "decision on that point. I think it's too"}, {"start": "00:08:26", "end": "00:08:28", "text": "soon to call at this point in time. Of"}, {"start": "00:08:28", "end": "00:08:30", "text": "course, if the stock market did"}, {"start": "00:08:30", "end": "00:08:32", "text": "something which was very negative by"}, {"start": "00:08:32", "end": "00:08:34", "text": "breaking support in an impulsive"}, {"start": "00:08:34", "end": "00:08:36", "text": "fashion, then yeah, I would have to"}, {"start": "00:08:36", "end": "00:08:38", "text": "change my mind and then I'll become"}, {"start": "00:08:38", "end": "00:08:39", "text": "bearish. So, we might see a bit further"}, {"start": "00:08:39", "end": "00:08:41", "text": "decline here in the stock market."}, {"start": "00:08:41", "end": "00:08:43", "text": "Potentially, we might see a an extension"}, {"start": "00:08:43", "end": "00:08:45", "text": "of this drop. Perhaps maybe by a few"}, {"start": "00:08:45", "end": "00:08:46", "text": "percentages. All right, guys. Before I"}, {"start": "00:08:46", "end": "00:08:47", "text": "finish this video, let me just quickly"}, {"start": "00:08:47", "end": "00:08:49", "text": "mention that don't forget to take"}, {"start": "00:08:49", "end": "00:08:51", "text": "advantage of the early bird discount on"}, {"start": "00:08:51", "end": "00:08:53", "text": "the online educational course that I'm"}, {"start": "00:08:53", "end": "00:08:54", "text": "doing with my good friend and trader"}, {"start": "00:08:54", "end": "00:08:56", "text": "Charlie Burton. Now, Charlie Burton has"}, {"start": "00:08:56", "end": "00:08:58", "text": "had 28 years of experience as a"}, {"start": "00:08:58", "end": "00:08:59", "text": "professional trader, and he's going to"}, {"start": "00:08:59", "end": "00:09:01", "text": "bring that experience to this particular"}, {"start": "00:09:01", "end": "00:09:03", "text": "course that we're doing together. And"}, {"start": "00:09:03", "end": "00:09:04", "text": "for the first time, we're doing an"}, {"start": "00:09:04", "end": "00:09:06", "text": "online educational course on technical"}, {"start": "00:09:06", "end": "00:09:08", "text": "analysis and trading. So, we're going to"}, {"start": "00:09:08", "end": "00:09:10", "text": "be covering subjects such as what"}, {"start": "00:09:10", "end": "00:09:12", "text": "exactly is working in technical analysis"}, {"start": "00:09:12", "end": "00:09:14", "text": "today and going into 2026, how to"}, {"start": "00:09:14", "end": "00:09:15", "text": "analyze the charts from the point of"}, {"start": "00:09:15", "end": "00:09:17", "text": "view of time analysis, multiple time"}, {"start": "00:09:17", "end": "00:09:20", "text": "frames, powerful momentum moves, and so"}, {"start": "00:09:20", "end": "00:09:21", "text": "on and so on. By the way, the full"}, {"start": "00:09:21", "end": "00:09:23", "text": "details are on that web page on that"}, {"start": "00:09:23", "end": "00:09:24", "text": "link you see right there. That's"}, {"start": "00:09:24", "end": "00:09:26", "text": "protrading workshop. To get the early"}, {"start": "00:09:26", "end": "00:09:28", "text": "bird discount, you need to act now"}, {"start": "00:09:28", "end": "00:09:29", "text": "because it's only for a limited time."}, {"start": "00:09:29", "end": "00:09:31", "text": "So, go to that link. It's in the"}, {"start": "00:09:31", "end": "00:09:32", "text": "description. And we look forward to"}, {"start": "00:09:32", "end": "00:09:34", "text": "seeing you guys at the online course."}, {"start": "00:09:34", "end": "00:09:35", "text": "All right, guys. Thank you very much"}, {"start": "00:09:35", "end": "00:09:36", "text": "indeed for watching this video. I look"}, {"start": "00:09:36", "end": "00:09:37", "text": "forward to seeing you in the next video"}, {"start": "00:09:37", "end": "00:09:41", "text": "update. Cheers. Bye now."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "I think they would like to know what you"}, {"start": "00:00:01", "end": "00:00:02", "text": "think about what Bitcoin might do in the"}, {"start": "00:00:02", "end": "00:00:05", "text": "next several months and the next 6 to 12"}, {"start": "00:00:05", "end": "00:00:09", "text": "months the trajectory is rounding it's"}, {"start": "00:00:09", "end": "00:00:11", "text": "slowing a lot of people go to a million"}, {"start": "00:00:11", "end": "00:00:13", "text": "and so forth I don't think so I think I"}, {"start": "00:00:13", "end": "00:00:16", "text": "think this bull Market's exhausted so I"}, {"start": "00:00:16", "end": "00:00:18", "text": "think when stocks top bitcoin's going to"}, {"start": "00:00:18", "end": "00:00:20", "text": "top roughly at the same time there are"}, {"start": "00:00:20", "end": "00:00:23", "text": "risks here you know unlike owning a say"}, {"start": "00:00:23", "end": "00:00:25", "text": "a gold coin the range I would say is"}, {"start": "00:00:25", "end": "00:00:27", "text": "somewhere between that red line and zero"}, {"start": "00:00:27", "end": "00:00:28", "text": "I just wondering whether you agree with"}, {"start": "00:00:28", "end": "00:00:30", "text": "this particular W count that I have here"}, {"start": "00:00:30", "end": "00:00:31", "text": "for Bitcoin hello guys and welcome we"}, {"start": "00:00:31", "end": "00:00:32", "text": "have a very special guest here we're"}, {"start": "00:00:32", "end": "00:00:35", "text": "honored to have Bob pror and I'm really"}, {"start": "00:00:35", "end": "00:00:37", "text": "interested to actually ask uh Bob his"}, {"start": "00:00:37", "end": "00:00:39", "text": "views on Bitcoin in fact he has a deep"}, {"start": "00:00:39", "end": "00:00:41", "text": "interest in Bitcoin and crypto himself"}, {"start": "00:00:41", "end": "00:00:42", "text": "what I would like to ask Bob in this"}, {"start": "00:00:42", "end": "00:00:44", "text": "video is what are his expectations for"}, {"start": "00:00:44", "end": "00:00:45", "text": "Bitcoin in the next several months"}, {"start": "00:00:45", "end": "00:00:47", "text": "perhaps by the end of this year going"}, {"start": "00:00:47", "end": "00:00:49", "text": "into next year could Bitcoin reach"}, {"start": "00:00:49", "end": "00:00:52", "text": "potentially 90k or 100K before it"}, {"start": "00:00:52", "end": "00:00:53", "text": "potentially tops or does he have a"}, {"start": "00:00:53", "end": "00:00:55", "text": "different view on bitcoin so we shall"}, {"start": "00:00:55", "end": "00:00:57", "text": "ask Bob pror what's his view on Bitcoin"}, {"start": "00:00:57", "end": "00:00:59", "text": "in this particular video all right guys"}, {"start": "00:00:59", "end": "00:01:01", "text": "join us"}, {"start": "00:01:01", "end": "00:01:09", "text": "[Music]"}, {"start": "00:01:10", "end": "00:01:11", "text": "okay welcome back Bob thanks very much"}, {"start": "00:01:11", "end": "00:01:13", "text": "indeed uh for joining me in this video I"}, {"start": "00:01:13", "end": "00:01:15", "text": "really appreciate it uh guys before we"}, {"start": "00:01:15", "end": "00:01:17", "text": "start talking with Bob about uh Bitcoin"}, {"start": "00:01:17", "end": "00:01:19", "text": "make sure you go ahead and check out his"}, {"start": "00:01:19", "end": "00:01:20", "text": "special newsletter his financial"}, {"start": "00:01:20", "end": "00:01:22", "text": "forecast service for only $7 you get"}, {"start": "00:01:22", "end": "00:01:24", "text": "access to everything in fact you get"}, {"start": "00:01:24", "end": "00:01:26", "text": "access to his November and October"}, {"start": "00:01:26", "end": "00:01:28", "text": "editions of his newsletter I'm myself an"}, {"start": "00:01:28", "end": "00:01:30", "text": "Avid Reader of his news newsletter"}, {"start": "00:01:30", "end": "00:01:31", "text": "really fascinating the amount of"}, {"start": "00:01:31", "end": "00:01:33", "text": "research that Bob and his team put into"}, {"start": "00:01:33", "end": "00:01:35", "text": "the newsletter are absolutely astounding"}, {"start": "00:01:35", "end": "00:01:36", "text": "and interesting they're also very"}, {"start": "00:01:36", "end": "00:01:38", "text": "educational as well so guys go ahead on"}, {"start": "00:01:38", "end": "00:01:40", "text": "this link in the description so the link"}, {"start": "00:01:40", "end": "00:01:42", "text": "to go to is elied wave.com"}, {"start": "00:01:42", "end": "00:01:44", "text": "alesio and then you get the discount as"}, {"start": "00:01:44", "end": "00:01:46", "text": "well uh make sure you go ahead and check"}, {"start": "00:01:46", "end": "00:01:48", "text": "it out it's correct isn't it that uh"}, {"start": "00:01:48", "end": "00:01:49", "text": "again correct me if I'm wrong if I say"}, {"start": "00:01:49", "end": "00:01:52", "text": "say it wrongly but in your excellent"}, {"start": "00:01:52", "end": "00:01:53", "text": "book by the way one of the best books"}, {"start": "00:01:53", "end": "00:01:55", "text": "written in finance the socionomic theory"}, {"start": "00:01:55", "end": "00:01:57", "text": "of Finance which you wrote some years"}, {"start": "00:01:57", "end": "00:01:59", "text": "ago uh essentially what you argued was"}, {"start": "00:01:59", "end": "00:02:02", "text": "that human behavior human psychology um"}, {"start": "00:02:02", "end": "00:02:04", "text": "especially when it acts on the market"}, {"start": "00:02:04", "end": "00:02:05", "text": "when people Market participants when"}, {"start": "00:02:05", "end": "00:02:07", "text": "they're acting in the market it leaves"}, {"start": "00:02:07", "end": "00:02:09", "text": "it leaves a fractal pattern which"}, {"start": "00:02:09", "end": "00:02:11", "text": "exhibits self-similarity on different"}, {"start": "00:02:11", "end": "00:02:13", "text": "time frames whether you're looking at an"}, {"start": "00:02:13", "end": "00:02:16", "text": "hourly chart daily chart weekly chart"}, {"start": "00:02:16", "end": "00:02:17", "text": "monthly chart so you see the"}, {"start": "00:02:17", "end": "00:02:19", "text": "self-similarities fractal patterns on"}, {"start": "00:02:19", "end": "00:02:21", "text": "different time scales sorry if I said it"}, {"start": "00:02:21", "end": "00:02:24", "text": "wrong but would that be right yeah"}, {"start": "00:02:24", "end": "00:02:27", "text": "that's it okay great okay if anybody"}, {"start": "00:02:27", "end": "00:02:30", "text": "wants to start out in this field yeah"}, {"start": "00:02:30", "end": "00:02:31", "text": "I've written a lot of books but I would"}, {"start": "00:02:31", "end": "00:02:34", "text": "just um Echo you and saying the one to"}, {"start": "00:02:34", "end": "00:02:36", "text": "start with is the socionomic theory of"}, {"start": "00:02:36", "end": "00:02:38", "text": "Finance because the first two chapters"}, {"start": "00:02:38", "end": "00:02:40", "text": "will disabuse you of a lot of beliefs"}, {"start": "00:02:40", "end": "00:02:42", "text": "that people have about the market and I"}, {"start": "00:02:42", "end": "00:02:45", "text": "show with charts going back decades why"}, {"start": "00:02:45", "end": "00:02:47", "text": "absolutely every one of those beliefs is"}, {"start": "00:02:47", "end": "00:02:49", "text": "false and if you can clear them out of"}, {"start": "00:02:49", "end": "00:02:51", "text": "your head then you can start to focus on"}, {"start": "00:02:51", "end": "00:02:53", "text": "on on on ways that do work or at least"}, {"start": "00:02:53", "end": "00:02:55", "text": "have a better chance of working because"}, {"start": "00:02:55", "end": "00:02:57", "text": "they relied to the truth of the market"}, {"start": "00:02:57", "end": "00:02:59", "text": "rather than absolutely I know you have"}, {"start": "00:02:59", "end": "00:03:00", "text": "an interest in Bitcoin so I want to talk"}, {"start": "00:03:00", "end": "00:03:02", "text": "with you about this particular chart"}, {"start": "00:03:02", "end": "00:03:04", "text": "here so as you can see here I've taken"}, {"start": "00:03:04", "end": "00:03:06", "text": "the liberty of putting some wave counts"}, {"start": "00:03:06", "end": "00:03:08", "text": "on this uh but my overall expectation"}, {"start": "00:03:08", "end": "00:03:10", "text": "and call me a fool for being still"}, {"start": "00:03:10", "end": "00:03:11", "text": "bullish on bitcoin at these extremely"}, {"start": "00:03:11", "end": "00:03:14", "text": "high rates but at these levels but I'm"}, {"start": "00:03:14", "end": "00:03:15", "text": "still thinking that Bitcoin could"}, {"start": "00:03:15", "end": "00:03:17", "text": "potentially reach uh further highs in"}, {"start": "00:03:17", "end": "00:03:19", "text": "the next several months by the end of"}, {"start": "00:03:19", "end": "00:03:21", "text": "this year maybe going into next year I"}, {"start": "00:03:21", "end": "00:03:25", "text": "put a potential Target just over 100k I"}, {"start": "00:03:25", "end": "00:03:27", "text": "think 90k or 100K for Bitcoin I think is"}, {"start": "00:03:27", "end": "00:03:29", "text": "my overall picture based on the wave"}, {"start": "00:03:29", "end": "00:03:31", "text": "counts and what I have there on the"}, {"start": "00:03:31", "end": "00:03:33", "text": "chart um what do you what is your view I"}, {"start": "00:03:33", "end": "00:03:34", "text": "mean do you think Bitcoin is topped"}, {"start": "00:03:34", "end": "00:03:36", "text": "already or do you think that we have"}, {"start": "00:03:36", "end": "00:03:40", "text": "more bit more upside to go to 100K or I"}, {"start": "00:03:40", "end": "00:03:41", "text": "know we have no crystal ball here but I"}, {"start": "00:03:41", "end": "00:03:43", "text": "think people our viewers respect you so"}, {"start": "00:03:43", "end": "00:03:44", "text": "I really I think they would like to know"}, {"start": "00:03:44", "end": "00:03:46", "text": "what you think about what Bitcoin might"}, {"start": "00:03:46", "end": "00:03:48", "text": "do in the next several months and the"}, {"start": "00:03:48", "end": "00:03:50", "text": "next six to 12 months what is your view"}, {"start": "00:03:50", "end": "00:03:52", "text": "this wave count is fine I think I would"}, {"start": "00:03:52", "end": "00:03:55", "text": "put the one over at the top in 2011 oh"}, {"start": "00:03:55", "end": "00:03:57", "text": "okay right then I have an extended third"}, {"start": "00:03:57", "end": "00:04:00", "text": "wave that tops in 2021 yeah I mean I"}, {"start": "00:04:00", "end": "00:04:01", "text": "could do I could do that yeah I can I"}, {"start": "00:04:01", "end": "00:04:03", "text": "can actually put my pen there and so you"}, {"start": "00:04:03", "end": "00:04:06", "text": "mean over here the wave one and two here"}, {"start": "00:04:06", "end": "00:04:09", "text": "right Y and then put your three in at"}, {"start": "00:04:09", "end": "00:04:12", "text": "the top in 2021 so 2021 top okay here"}, {"start": "00:04:12", "end": "00:04:15", "text": "three over here yeah uh that's fine"}, {"start": "00:04:15", "end": "00:04:17", "text": "that's okay I'll just leave it so you"}, {"start": "00:04:17", "end": "00:04:19", "text": "see the nice extended third wave you"}, {"start": "00:04:19", "end": "00:04:20", "text": "have the one two three four five taking"}, {"start": "00:04:20", "end": "00:04:22", "text": "us up into there so then you've got the"}, {"start": "00:04:22", "end": "00:04:25", "text": "four and the fourth here yeah so now we"}, {"start": "00:04:25", "end": "00:04:26", "text": "talked about alternation so"}, {"start": "00:04:26", "end": "00:04:28", "text": "theoretically that could be a of four"}, {"start": "00:04:28", "end": "00:04:30", "text": "2024 is B of four you around a while to"}, {"start": "00:04:30", "end": "00:04:33", "text": "try High uh it could have been a"}, {"start": "00:04:33", "end": "00:04:35", "text": "truncation where we we're at the high"}, {"start": "00:04:35", "end": "00:04:36", "text": "are we're going to make it really really"}, {"start": "00:04:36", "end": "00:04:40", "text": "soon um maybe by only a few bucks we"}, {"start": "00:04:40", "end": "00:04:43", "text": "don't know um but you can tell and of"}, {"start": "00:04:43", "end": "00:04:46", "text": "course this is log scale yeah that the"}, {"start": "00:04:46", "end": "00:04:50", "text": "trajectory is rounding it's slowing a"}, {"start": "00:04:50", "end": "00:04:52", "text": "lot of people say go to a million and so"}, {"start": "00:04:52", "end": "00:04:54", "text": "forth I don't think so I think I think"}, {"start": "00:04:54", "end": "00:04:57", "text": "this bull Market's exhausted yes I"}, {"start": "00:04:57", "end": "00:04:58", "text": "believe I mentioned earlier that my son"}, {"start": "00:04:58", "end": "00:05:01", "text": "Elliot uh wrote a piece for the L8 wave"}, {"start": "00:05:01", "end": "00:05:04", "text": "theorist in 2010 when Bitcoin was 6"}, {"start": "00:05:04", "end": "00:05:06", "text": "cents and we were before everybody that"}, {"start": "00:05:06", "end": "00:05:08", "text": "I know in the business and we said this"}, {"start": "00:05:08", "end": "00:05:10", "text": "has got huge potential um it's it's a"}, {"start": "00:05:10", "end": "00:05:12", "text": "brand new invention it's a new kind of"}, {"start": "00:05:12", "end": "00:05:18", "text": "money we loved it um however from six"}, {"start": "00:05:18", "end": "00:05:23", "text": "cents to uh $70,000 a coin is the"}, {"start": "00:05:23", "end": "00:05:25", "text": "biggest move of anything that's ever"}, {"start": "00:05:25", "end": "00:05:27", "text": "happened in history yes and so far"}, {"start": "00:05:27", "end": "00:05:30", "text": "Bitcoin doesn't have any practical value"}, {"start": "00:05:30", "end": "00:05:31", "text": "um because you can't really trade with"}, {"start": "00:05:31", "end": "00:05:34", "text": "it now you can save with it um but I"}, {"start": "00:05:34", "end": "00:05:37", "text": "think mostly what we have here is is a"}, {"start": "00:05:37", "end": "00:05:41", "text": "non-rational investment mindset uh on"}, {"start": "00:05:41", "end": "00:05:42", "text": "this particular thing and it's it"}, {"start": "00:05:42", "end": "00:05:45", "text": "started in 2009 which is when the fifth"}, {"start": "00:05:45", "end": "00:05:47", "text": "wave in the Dow Jones Industrial Average"}, {"start": "00:05:47", "end": "00:05:49", "text": "startup so they've been in tandum going"}, {"start": "00:05:49", "end": "00:05:51", "text": "up together it's the same mindset of"}, {"start": "00:05:51", "end": "00:05:53", "text": "optimism pushing them both so I think"}, {"start": "00:05:53", "end": "00:05:55", "text": "when stocks top bitcoin's going to top"}, {"start": "00:05:55", "end": "00:05:56", "text": "roughly at the same time and they're"}, {"start": "00:05:56", "end": "00:05:58", "text": "going to start coming down together I'm"}, {"start": "00:05:58", "end": "00:05:59", "text": "going to I'm going to let you count the"}, {"start": "00:05:59", "end": "00:06:02", "text": "the last waves I really don't it's so"}, {"start": "00:06:02", "end": "00:06:05", "text": "ridiculously overvalued that I I don't I"}, {"start": "00:06:05", "end": "00:06:07", "text": "wouldn't I wouldn't care to own it now"}, {"start": "00:06:07", "end": "00:06:09", "text": "it also has a fundamental risk which"}, {"start": "00:06:09", "end": "00:06:12", "text": "people rarely talk about uh as we said"}, {"start": "00:06:12", "end": "00:06:14", "text": "before the blockchain is so cumbersome"}, {"start": "00:06:14", "end": "00:06:16", "text": "that you can't really use it to transact"}, {"start": "00:06:16", "end": "00:06:18", "text": "certainly the world can't use it to"}, {"start": "00:06:18", "end": "00:06:21", "text": "transact um what if somebody invents a"}, {"start": "00:06:21", "end": "00:06:24", "text": "new uh cryptocurrency that doesn't have"}, {"start": "00:06:24", "end": "00:06:27", "text": "those problems what is Bitcoin worth"}, {"start": "00:06:27", "end": "00:06:30", "text": "then if Bitcoin invest it great they'll"}, {"start": "00:06:30", "end": "00:06:32", "text": "just move everybody from from you know"}, {"start": "00:06:32", "end": "00:06:34", "text": "one platform to another if somebody else"}, {"start": "00:06:34", "end": "00:06:37", "text": "invents it everybody's going to switch"}, {"start": "00:06:37", "end": "00:06:39", "text": "over in Bitcoin but wouldn't be worth"}, {"start": "00:06:39", "end": "00:06:42", "text": "anything so there are risks here you"}, {"start": "00:06:42", "end": "00:06:45", "text": "know unlike owning a let say a gold coin"}, {"start": "00:06:45", "end": "00:06:47", "text": "I mean that's not going anywhere uh this"}, {"start": "00:06:47", "end": "00:06:50", "text": "this is ethereal this is something that"}, {"start": "00:06:50", "end": "00:06:52", "text": "may or may not have value in the future"}, {"start": "00:06:52", "end": "00:06:55", "text": "so um yeah um absolutely these markets"}, {"start": "00:06:55", "end": "00:06:57", "text": "where I'm just not interested in playing"}, {"start": "00:06:57", "end": "00:06:58", "text": "the game anymore we are coming to a"}, {"start": "00:06:58", "end": "00:07:00", "text": "point of exhaustion even if we make"}, {"start": "00:07:00", "end": "00:07:01", "text": "higher highs which I I think is quite"}, {"start": "00:07:01", "end": "00:07:04", "text": "likely so I think the wave five in Red"}, {"start": "00:07:04", "end": "00:07:06", "text": "so the red count that you um informed me"}, {"start": "00:07:06", "end": "00:07:08", "text": "about which I agree with you on this"}, {"start": "00:07:08", "end": "00:07:10", "text": "yeah we could have a wave five maybe"}, {"start": "00:07:10", "end": "00:07:13", "text": "near 100K just above 100K or maybe near"}, {"start": "00:07:13", "end": "00:07:16", "text": "90k above that level and then a likely"}, {"start": "00:07:16", "end": "00:07:19", "text": "top sometime next year 2025 or 2026 and"}, {"start": "00:07:19", "end": "00:07:20", "text": "then a big major drop what a lot of"}, {"start": "00:07:20", "end": "00:07:23", "text": "people don't want to believe but I think"}, {"start": "00:07:23", "end": "00:07:25", "text": "this has to be the ultimate logical"}, {"start": "00:07:25", "end": "00:07:27", "text": "conclusion is when the mar when Bitcoin"}, {"start": "00:07:27", "end": "00:07:30", "text": "eventually tops and I think you're"}, {"start": "00:07:30", "end": "00:07:31", "text": "correct it'll probably top sometime in"}, {"start": "00:07:31", "end": "00:07:33", "text": "this decade sometime in the next year or"}, {"start": "00:07:33", "end": "00:07:35", "text": "two I think it's correct maybe near 100K"}, {"start": "00:07:35", "end": "00:07:37", "text": "who knows when we eventually top it's"}, {"start": "00:07:37", "end": "00:07:40", "text": "not the next major downturn similar with"}, {"start": "00:07:40", "end": "00:07:42", "text": "the stock market is not going to be any"}, {"start": "00:07:42", "end": "00:07:46", "text": "ordinary pull back and then go up again"}, {"start": "00:07:46", "end": "00:07:47", "text": "this is a common mistake people make"}, {"start": "00:07:47", "end": "00:07:49", "text": "it's called linear extrapolation uh"}, {"start": "00:07:49", "end": "00:07:50", "text": "which I think you mentioned in your"}, {"start": "00:07:50", "end": "00:07:52", "text": "newsletter linear extrapolation as"}, {"start": "00:07:52", "end": "00:07:53", "text": "you've explained is when people think"}, {"start": "00:07:53", "end": "00:07:56", "text": "the markets move in a linear fashion you"}, {"start": "00:07:56", "end": "00:07:58", "text": "know just keep trending up you know the"}, {"start": "00:07:58", "end": "00:08:00", "text": "normal businesses will continue the"}, {"start": "00:08:00", "end": "00:08:02", "text": "markets are trending up up and up and up"}, {"start": "00:08:02", "end": "00:08:04", "text": "and up forever you know just pull back"}, {"start": "00:08:04", "end": "00:08:06", "text": "up you know buy the dip pull back up in"}, {"start": "00:08:06", "end": "00:08:08", "text": "other words they people assume that"}, {"start": "00:08:08", "end": "00:08:10", "text": "normal conditions will continue the"}, {"start": "00:08:10", "end": "00:08:12", "text": "trend will continue forever linear"}, {"start": "00:08:12", "end": "00:08:14", "text": "extrapolation as an example here which"}, {"start": "00:08:14", "end": "00:08:16", "text": "is a fundamental mistaken bias people"}, {"start": "00:08:16", "end": "00:08:19", "text": "have especially in when the social mood"}, {"start": "00:08:19", "end": "00:08:22", "text": "is very positive when when Euphoria has"}, {"start": "00:08:22", "end": "00:08:25", "text": "set in but eventually when this um bull"}, {"start": "00:08:25", "end": "00:08:26", "text": "market comes to an end in Bitcoin the"}, {"start": "00:08:26", "end": "00:08:29", "text": "next major bare Market in Bitcoin we"}, {"start": "00:08:29", "end": "00:08:31", "text": "could see a significant correction"}, {"start": "00:08:31", "end": "00:08:32", "text": "significant bare market and retracement"}, {"start": "00:08:32", "end": "00:08:34", "text": "am I right I mean and how far lower how"}, {"start": "00:08:34", "end": "00:08:37", "text": "far low could we drop in Bitcoin in this"}, {"start": "00:08:37", "end": "00:08:39", "text": "decade I'm not saying now I'm not saying"}, {"start": "00:08:39", "end": "00:08:41", "text": "in the next year or two sorry at minimum"}, {"start": "00:08:41", "end": "00:08:44", "text": "it should go back to the low four of"}, {"start": "00:08:44", "end": "00:08:46", "text": "three where you're so where the wave"}, {"start": "00:08:46", "end": "00:08:49", "text": "four is situated here that would be like"}, {"start": "00:08:49", "end": "00:08:50", "text": "sorry do you mean do you mean here do"}, {"start": "00:08:50", "end": "00:08:54", "text": "you mean here blue four the blue four so"}, {"start": "00:08:54", "end": "00:08:55", "text": "you could actually come up to these"}, {"start": "00:08:55", "end": "00:08:58", "text": "levels that to me would be a minimum"}, {"start": "00:08:58", "end": "00:09:00", "text": "expectation on the downside"}, {"start": "00:09:00", "end": "00:09:01", "text": "yeah that's about that's about 5,000"}, {"start": "00:09:01", "end": "00:09:04", "text": "approximately yeah so and and as I said"}, {"start": "00:09:04", "end": "00:09:06", "text": "if somebody invents a better alternative"}, {"start": "00:09:06", "end": "00:09:09", "text": "that can handle um"}, {"start": "00:09:09", "end": "00:09:11", "text": "transacting uh everybody in the world"}, {"start": "00:09:11", "end": "00:09:13", "text": "transacting in a coin then they wouldn't"}, {"start": "00:09:13", "end": "00:09:16", "text": "have any value at all so the the the"}, {"start": "00:09:16", "end": "00:09:18", "text": "range I would say is somewhere between"}, {"start": "00:09:18", "end": "00:09:20", "text": "that red line and zero yeah and by the"}, {"start": "00:09:20", "end": "00:09:21", "text": "way I know there's gonna be a lot of"}, {"start": "00:09:21", "end": "00:09:23", "text": "people who probably will be astounded at"}, {"start": "00:09:23", "end": "00:09:25", "text": "astonished by that and in disbelief and"}, {"start": "00:09:25", "end": "00:09:27", "text": "probably call me and you a whole bunch"}, {"start": "00:09:27", "end": "00:09:28", "text": "of names in the comment section and a"}, {"start": "00:09:28", "end": "00:09:31", "text": "lot of lot of coms only hope so we can"}, {"start": "00:09:31", "end": "00:09:32", "text": "only hope"}, {"start": "00:09:32", "end": "00:09:36", "text": "so the more they they are and the more"}, {"start": "00:09:36", "end": "00:09:38", "text": "they're going to be subject to despair"}, {"start": "00:09:38", "end": "00:09:40", "text": "when it's time to get out absolutely"}, {"start": "00:09:40", "end": "00:09:41", "text": "Absolut but the reason I think for"}, {"start": "00:09:41", "end": "00:09:43", "text": "people who don't don't get it the reason"}, {"start": "00:09:43", "end": "00:09:45", "text": "why it could drop again we're not saying"}, {"start": "00:09:45", "end": "00:09:47", "text": "it's going to drop anytime this year or"}, {"start": "00:09:47", "end": "00:09:49", "text": "next year this is a long-term view"}, {"start": "00:09:49", "end": "00:09:50", "text": "probably by the end of this decade in"}, {"start": "00:09:50", "end": "00:09:52", "text": "the next several five s five years the"}, {"start": "00:09:52", "end": "00:09:54", "text": "reason is that markets are fractals as"}, {"start": "00:09:54", "end": "00:09:56", "text": "we explained in separate videos they"}, {"start": "00:09:56", "end": "00:09:58", "text": "that eventually we're going to have a"}, {"start": "00:09:58", "end": "00:09:59", "text": "retracement to the bull Market that"}, {"start": "00:09:59", "end": "00:10:02", "text": "started way back at the beginning to its"}, {"start": "00:10:02", "end": "00:10:03", "text": "origins in other words that's what we're"}, {"start": "00:10:03", "end": "00:10:05", "text": "talking about that's why Bob is"}, {"start": "00:10:05", "end": "00:10:07", "text": "mentioning that level so I would highly"}, {"start": "00:10:07", "end": "00:10:08", "text": "suggest go and watch our previous videos"}, {"start": "00:10:08", "end": "00:10:11", "text": "about fractals on different time scales"}, {"start": "00:10:11", "end": "00:10:12", "text": "when it comes to Elli waves that's why"}, {"start": "00:10:12", "end": "00:10:14", "text": "we're mentioning and by the way for"}, {"start": "00:10:14", "end": "00:10:16", "text": "people who still find this astonishing"}, {"start": "00:10:16", "end": "00:10:17", "text": "let me just mention just remind those"}, {"start": "00:10:17", "end": "00:10:20", "text": "people again when Bitcoin hit near"}, {"start": "00:10:20", "end": "00:10:24", "text": "20K back in 2018 back at the time when"}, {"start": "00:10:24", "end": "00:10:26", "text": "when I made a video at the time and I"}, {"start": "00:10:26", "end": "00:10:27", "text": "said we're going to see a crash a"}, {"start": "00:10:27", "end": "00:10:29", "text": "significant crash that could drive"}, {"start": "00:10:29", "end": "00:10:30", "text": "Bitcoin down even then they didn't"}, {"start": "00:10:30", "end": "00:10:32", "text": "believe it and people could not believe"}, {"start": "00:10:32", "end": "00:10:35", "text": "that Bitcoin dropped from 19 or 20K all"}, {"start": "00:10:35", "end": "00:10:38", "text": "the way down to near 4,000 or 3,000 so"}, {"start": "00:10:38", "end": "00:10:39", "text": "let's just put things in perspective in"}, {"start": "00:10:39", "end": "00:10:41", "text": "every bull market there will always be"}, {"start": "00:10:41", "end": "00:10:44", "text": "disbelievers as to how far lower"}, {"start": "00:10:44", "end": "00:10:46", "text": "something can drop so this is a chart"}, {"start": "00:10:46", "end": "00:10:47", "text": "that I have I just want to get you a"}, {"start": "00:10:47", "end": "00:10:49", "text": "view on this so I've gone back to the"}, {"start": "00:10:49", "end": "00:10:51", "text": "year 2019 lows I just wondering whether"}, {"start": "00:10:51", "end": "00:10:52", "text": "you agree with this particular W count"}, {"start": "00:10:52", "end": "00:10:55", "text": "that I have here for Bitcoin for a wave"}, {"start": "00:10:55", "end": "00:10:57", "text": "five to eventually move somewhere there"}, {"start": "00:10:57", "end": "00:11:01", "text": "near 100K in the room numerals um no I"}, {"start": "00:11:01", "end": "00:11:04", "text": "like that count and from 2022 it looks"}, {"start": "00:11:04", "end": "00:11:06", "text": "like a one two three four yeah thanks"}, {"start": "00:11:06", "end": "00:11:07", "text": "very much Bob I really appreciate yeah"}, {"start": "00:11:07", "end": "00:11:10", "text": "that's great no no good work all right"}, {"start": "00:11:10", "end": "00:11:12", "text": "guys make sure you go ahead and join"}, {"start": "00:11:12", "end": "00:11:13", "text": "Bob's newsletter Bob practice newsletter"}, {"start": "00:11:13", "end": "00:11:15", "text": "that's his financial forecast service"}, {"start": "00:11:15", "end": "00:11:18", "text": "which includes his Elway theorist and"}, {"start": "00:11:18", "end": "00:11:19", "text": "the financial forecast and the"}, {"start": "00:11:19", "end": "00:11:20", "text": "short-term update by the way you get"}, {"start": "00:11:20", "end": "00:11:22", "text": "access to all of this for only $7 for"}, {"start": "00:11:22", "end": "00:11:24", "text": "one month trial go ahead and check it"}, {"start": "00:11:24", "end": "00:11:25", "text": "out I'll put the link for you guys in"}, {"start": "00:11:25", "end": "00:11:27", "text": "the description again that's elied"}, {"start": "00:11:27", "end": "00:11:30", "text": "wave.com alesio I'll it again Eli"}, {"start": "00:11:30", "end": "00:11:32", "text": "wave.com for/ you get access to"}, {"start": "00:11:32", "end": "00:11:34", "text": "everything including Bob Proctor's"}, {"start": "00:11:34", "end": "00:11:35", "text": "newsletter you get the October"}, {"start": "00:11:35", "end": "00:11:37", "text": "newsletter and the November newsletter"}, {"start": "00:11:37", "end": "00:11:39", "text": "check it out it's highly worth it guys"}, {"start": "00:11:39", "end": "00:11:40", "text": "as I mentioned before I'm an Avid Reader"}, {"start": "00:11:40", "end": "00:11:42", "text": "of Bob's newsletter and the financial"}, {"start": "00:11:42", "end": "00:11:44", "text": "forecast Service uh they do great work"}, {"start": "00:11:44", "end": "00:11:46", "text": "go ahead and check it out you'll benefit"}, {"start": "00:11:46", "end": "00:11:48", "text": "greatly from the newsletter as well if"}, {"start": "00:11:48", "end": "00:11:51", "text": "if you're really a a a Bitcoin or or a"}, {"start": "00:11:51", "end": "00:11:54", "text": "cryptocurrency Trader or investor we"}, {"start": "00:11:54", "end": "00:11:57", "text": "have two guys totally dedicated to that"}, {"start": "00:11:57", "end": "00:11:59", "text": "very service it's called cryptocurrency"}, {"start": "00:11:59", "end": "00:12:02", "text": "Pro service and they we watch it 24"}, {"start": "00:12:02", "end": "00:12:04", "text": "hours a day so if you're really"}, {"start": "00:12:04", "end": "00:12:05", "text": "interested in those things that's what"}, {"start": "00:12:05", "end": "00:12:06", "text": "you need go to our website and go to the"}, {"start": "00:12:06", "end": "00:12:09", "text": "pro Services area and you'll see it Bob"}, {"start": "00:12:09", "end": "00:12:10", "text": "thank thank you very much indeed for"}, {"start": "00:12:10", "end": "00:12:11", "text": "once again agreeing to do this webinar"}, {"start": "00:12:11", "end": "00:12:13", "text": "and thank you so much for being a sport"}, {"start": "00:12:13", "end": "00:12:15", "text": "and staying longer than uh we agreed I"}, {"start": "00:12:15", "end": "00:12:17", "text": "really want to thank you one more time"}, {"start": "00:12:17", "end": "00:12:18", "text": "appreciate my pleasure my pleasure have"}, {"start": "00:12:18", "end": "00:12:21", "text": "a have a great uh rest of fall cheers"}, {"start": "00:12:21", "end": "00:12:24", "text": "thank you very much Bob I appreciate it"}, {"start": "00:12:24", "end": "00:12:38", "text": "[Music]"}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Hey guys, Allesio. Hope you're well. So,"}, {"start": "00:00:01", "end": "00:00:02", "text": "we've seen a drop in the price of"}, {"start": "00:00:02", "end": "00:00:04", "text": "Bitcoin. Quite an interesting drop, as a"}, {"start": "00:00:04", "end": "00:00:06", "text": "matter of fact, recently. And we're"}, {"start": "00:00:06", "end": "00:00:07", "text": "going to take a look at this chart of"}, {"start": "00:00:07", "end": "00:00:09", "text": "the crypto and examine what potentially"}, {"start": "00:00:09", "end": "00:00:11", "text": "is happening here on Bitcoin. Some"}, {"start": "00:00:11", "end": "00:00:13", "text": "people are speculating that perhaps"}, {"start": "00:00:13", "end": "00:00:14", "text": "Bitcoin could be falling into a"}, {"start": "00:00:14", "end": "00:00:17", "text": "downtrend or a bare market, but are they"}, {"start": "00:00:17", "end": "00:00:18", "text": "right? So, let's talk about it. All"}, {"start": "00:00:18", "end": "00:00:22", "text": "right, guys. Join me."}, {"start": "00:00:23", "end": "00:00:27", "text": "[Music]"}, {"start": "00:00:27", "end": "00:00:28", "text": "All right, guys. Welcome back. making"}, {"start": "00:00:28", "end": "00:00:30", "text": "this video for you from the beautiful"}, {"start": "00:00:30", "end": "00:00:31", "text": "town of Tori in the south of England."}, {"start": "00:00:31", "end": "00:00:32", "text": "All right, guys. Before we start talking"}, {"start": "00:00:32", "end": "00:00:34", "text": "about Bitcoin, by the way, guys, let me"}, {"start": "00:00:34", "end": "00:00:36", "text": "just quickly mention my good friend and"}, {"start": "00:00:36", "end": "00:00:37", "text": "trader Charlie Burton and I are doing an"}, {"start": "00:00:37", "end": "00:00:39", "text": "online educational course on trading and"}, {"start": "00:00:39", "end": "00:00:41", "text": "technical analysis. The link to get the"}, {"start": "00:00:41", "end": "00:00:43", "text": "early bird discount on the course is now"}, {"start": "00:00:43", "end": "00:00:44", "text": "available for you here. So, just go to"}, {"start": "00:00:44", "end": "00:00:46", "text": "the link is in the description as well,"}, {"start": "00:00:46", "end": "00:00:47", "text": "and I'll tell you more about it at the"}, {"start": "00:00:47", "end": "00:00:48", "text": "end of the video. All right, guys. As we"}, {"start": "00:00:48", "end": "00:00:50", "text": "saw, Bitcoin had a pretty sharp drop to"}, {"start": "00:00:50", "end": "00:00:53", "text": "the psychological support at the 100K"}, {"start": "00:00:53", "end": "00:00:55", "text": "level. So, as we know 100K is an"}, {"start": "00:00:55", "end": "00:00:57", "text": "important round number and that's the"}, {"start": "00:00:57", "end": "00:00:59", "text": "level which Bitcoin dropped down to. As"}, {"start": "00:00:59", "end": "00:01:00", "text": "a matter of fact, it went slightly below"}, {"start": "00:01:00", "end": "00:01:01", "text": "that level, but it also managed to"}, {"start": "00:01:01", "end": "00:01:03", "text": "bounce and recover. As I'm making this"}, {"start": "00:01:03", "end": "00:01:05", "text": "video, Bitcoin is above the 100K level."}, {"start": "00:01:05", "end": "00:01:06", "text": "By the way, this drop to 100K was"}, {"start": "00:01:06", "end": "00:01:08", "text": "something we anticipated was going to"}, {"start": "00:01:08", "end": "00:01:10", "text": "happen. And the reason is recently my"}, {"start": "00:01:10", "end": "00:01:11", "text": "good friend and trader Manuel Bllye, the"}, {"start": "00:01:11", "end": "00:01:13", "text": "Dow Theory.com, he mentioned in his"}, {"start": "00:01:13", "end": "00:01:15", "text": "newsletter that Bitcoin had triggered a"}, {"start": "00:01:15", "end": "00:01:17", "text": "Dow theory bearish signal. By the way,"}, {"start": "00:01:17", "end": "00:01:18", "text": "that is not the same thing as a bare"}, {"start": "00:01:18", "end": "00:01:20", "text": "market. It's not the same thing at all."}, {"start": "00:01:20", "end": "00:01:21", "text": "All it meant was that risk to the"}, {"start": "00:01:21", "end": "00:01:23", "text": "downside had slightly increased. And so"}, {"start": "00:01:23", "end": "00:01:25", "text": "in the members video recently I"}, {"start": "00:01:25", "end": "00:01:27", "text": "mentioned that we could potentially see"}, {"start": "00:01:27", "end": "00:01:30", "text": "a drop down towards 100K that key"}, {"start": "00:01:30", "end": "00:01:31", "text": "support level. Here's a clip. Because of"}, {"start": "00:01:31", "end": "00:01:33", "text": "the Dow theory bearish signal at the"}, {"start": "00:01:33", "end": "00:01:34", "text": "moment there is an increasing or"}, {"start": "00:01:34", "end": "00:01:36", "text": "elevated risk of more downside"}, {"start": "00:01:36", "end": "00:01:38", "text": "potential. So at the moment here there"}, {"start": "00:01:38", "end": "00:01:40", "text": "is potential still for the C-wave to"}, {"start": "00:01:40", "end": "00:01:42", "text": "extend lower for the reason just"}, {"start": "00:01:42", "end": "00:01:44", "text": "mentioned based on the Dow theory model."}, {"start": "00:01:44", "end": "00:01:46", "text": "And as mentioned, as long as Bitcoin"}, {"start": "00:01:46", "end": "00:01:48", "text": "remains below this blue line, this level"}, {"start": "00:01:48", "end": "00:01:50", "text": "of resistance, for now, pressure remains"}, {"start": "00:01:50", "end": "00:01:53", "text": "to the downside and a further break of"}, {"start": "00:01:53", "end": "00:01:55", "text": "this recent low here could mean a drop"}, {"start": "00:01:55", "end": "00:01:58", "text": "down to this support region here between"}, {"start": "00:01:58", "end": "00:02:02", "text": "102K to about 100K to 98,500 for the"}, {"start": "00:02:02", "end": "00:02:04", "text": "extension of that C-wave. All right,"}, {"start": "00:02:04", "end": "00:02:05", "text": "guys. Now, you're probably thinking,"}, {"start": "00:02:05", "end": "00:02:08", "text": "does the drop to 100K or just below it,"}, {"start": "00:02:08", "end": "00:02:09", "text": "does it change matters? Uh, does it"}, {"start": "00:02:09", "end": "00:02:11", "text": "change the trend on Bitcoin? Personally,"}, {"start": "00:02:11", "end": "00:02:14", "text": "I don't think so. As a matter of fact, I"}, {"start": "00:02:14", "end": "00:02:16", "text": "think 100K or that trend line support"}, {"start": "00:02:16", "end": "00:02:17", "text": "you see there on the chart of Bitcoin is"}, {"start": "00:02:17", "end": "00:02:19", "text": "going to be a very important support"}, {"start": "00:02:19", "end": "00:02:21", "text": "level uh for Bitcoin. And we'll see if"}, {"start": "00:02:21", "end": "00:02:23", "text": "Bitcoin will respect that level or not."}, {"start": "00:02:23", "end": "00:02:24", "text": "So to answer this question, what I'm"}, {"start": "00:02:24", "end": "00:02:27", "text": "going to do is go on the weekly chart of"}, {"start": "00:02:27", "end": "00:02:28", "text": "Bitcoin. As you probably know, I"}, {"start": "00:02:28", "end": "00:02:30", "text": "consider the weekly charts to be"}, {"start": "00:02:30", "end": "00:02:32", "text": "extremely important when it comes to"}, {"start": "00:02:32", "end": "00:02:34", "text": "understanding trend and also key support"}, {"start": "00:02:34", "end": "00:02:36", "text": "levels. So very briefly, I'm just"}, {"start": "00:02:36", "end": "00:02:38", "text": "keeping this video short and sweet. uh"}, {"start": "00:02:38", "end": "00:02:39", "text": "if you go on the weekly chart of"}, {"start": "00:02:39", "end": "00:02:41", "text": "Bitcoin, you will see that Bitcoin has"}, {"start": "00:02:41", "end": "00:02:44", "text": "now fallen below the 21 weekly moving"}, {"start": "00:02:44", "end": "00:02:46", "text": "average. So I consider the 21w weekly"}, {"start": "00:02:46", "end": "00:02:48", "text": "moving average to be an important"}, {"start": "00:02:48", "end": "00:02:50", "text": "support level because often often it's a"}, {"start": "00:02:50", "end": "00:02:52", "text": "dividing line between uptrend and"}, {"start": "00:02:52", "end": "00:02:54", "text": "downtrend. However, even though at the"}, {"start": "00:02:54", "end": "00:02:58", "text": "moment Bitcoin is below its weekly 21"}, {"start": "00:02:58", "end": "00:03:00", "text": "EMA as you see there, the blue line on"}, {"start": "00:03:00", "end": "00:03:02", "text": "the chart, this does not by itself mean"}, {"start": "00:03:02", "end": "00:03:04", "text": "that Bitcoin has now fallen into a"}, {"start": "00:03:04", "end": "00:03:05", "text": "downtrend and that we're now in a bare"}, {"start": "00:03:05", "end": "00:03:07", "text": "market. No, it does not mean that. By"}, {"start": "00:03:07", "end": "00:03:08", "text": "the way, something I don't usually say"}, {"start": "00:03:08", "end": "00:03:10", "text": "in these videos, but I should, which is"}, {"start": "00:03:10", "end": "00:03:11", "text": "if you get value from these videos and"}, {"start": "00:03:11", "end": "00:03:13", "text": "you enjoy them, please click the like"}, {"start": "00:03:13", "end": "00:03:15", "text": "button and subscribe and also click the"}, {"start": "00:03:15", "end": "00:03:17", "text": "notification icon so you're notified of"}, {"start": "00:03:17", "end": "00:03:19", "text": "our next video. So, if you look at some"}, {"start": "00:03:19", "end": "00:03:20", "text": "previous examples of when Bitcoin has"}, {"start": "00:03:20", "end": "00:03:23", "text": "fallen below its 21w weekly moving"}, {"start": "00:03:23", "end": "00:03:25", "text": "average, you know, in the past during"}, {"start": "00:03:25", "end": "00:03:28", "text": "strong uptrends, it has managed to"}, {"start": "00:03:28", "end": "00:03:30", "text": "recover and get back above a 21weekly"}, {"start": "00:03:30", "end": "00:03:32", "text": "moving average, usually after a week or"}, {"start": "00:03:32", "end": "00:03:34", "text": "two. So, in other words, in the past"}, {"start": "00:03:34", "end": "00:03:37", "text": "during strong uptrends or bull markets,"}, {"start": "00:03:37", "end": "00:03:40", "text": "Bitcoin has managed to pull back towards"}, {"start": "00:03:40", "end": "00:03:42", "text": "the 21week moving average, sometimes"}, {"start": "00:03:42", "end": "00:03:44", "text": "falling below it, but then eventually"}, {"start": "00:03:44", "end": "00:03:46", "text": "quickly recovering and going back above"}, {"start": "00:03:46", "end": "00:03:48", "text": "it. There are some exceptions. In the"}, {"start": "00:03:48", "end": "00:03:50", "text": "year 2022, that's not what happened in"}, {"start": "00:03:50", "end": "00:03:52", "text": "that year. When Bitcoin dropped below"}, {"start": "00:03:52", "end": "00:03:55", "text": "its 21w weekly moving average, it"}, {"start": "00:03:55", "end": "00:03:57", "text": "actually signified the start of a bare"}, {"start": "00:03:57", "end": "00:03:59", "text": "market. It pretty much continued to"}, {"start": "00:03:59", "end": "00:04:01", "text": "trend to the downside, move to the"}, {"start": "00:04:01", "end": "00:04:03", "text": "downside. That year we saw Bitcoin fall"}, {"start": "00:04:03", "end": "00:04:05", "text": "from about 60,000 50,000 eventually down"}, {"start": "00:04:05", "end": "00:04:07", "text": "towards 20,000. Anyway, it doesn't"}, {"start": "00:04:07", "end": "00:04:09", "text": "matter. What we have to remember is this"}, {"start": "00:04:09", "end": "00:04:11", "text": "that the stock market has not fallen"}, {"start": "00:04:11", "end": "00:04:13", "text": "into a bare market either. The stock"}, {"start": "00:04:13", "end": "00:04:14", "text": "market still remains at the moment in an"}, {"start": "00:04:14", "end": "00:04:16", "text": "uptrend as you see there. Now, of"}, {"start": "00:04:16", "end": "00:04:18", "text": "course, the stock market could have a"}, {"start": "00:04:18", "end": "00:04:19", "text": "correction. But the point is this,"}, {"start": "00:04:19", "end": "00:04:22", "text": "Bitcoin has as yet not fallen into a"}, {"start": "00:04:22", "end": "00:04:24", "text": "downtrend. Sure, it's fallen below its"}, {"start": "00:04:24", "end": "00:04:26", "text": "21w weekly moving average, which is a"}, {"start": "00:04:26", "end": "00:04:28", "text": "warning sign. But that by itself is by"}, {"start": "00:04:28", "end": "00:04:31", "text": "no means a sign that Bitcoin has fallen"}, {"start": "00:04:31", "end": "00:04:33", "text": "into a downtrend or a bare market. It"}, {"start": "00:04:33", "end": "00:04:35", "text": "does not mean that. What we need to wait"}, {"start": "00:04:35", "end": "00:04:38", "text": "for now is the next bounce on the price"}, {"start": "00:04:38", "end": "00:04:40", "text": "of Bitcoin. The next bounce on the price"}, {"start": "00:04:40", "end": "00:04:42", "text": "of Bitcoin is going to be extremely"}, {"start": "00:04:42", "end": "00:04:44", "text": "important. If the price of Bitcoin can"}, {"start": "00:04:44", "end": "00:04:46", "text": "bounce or rally impulsively in an"}, {"start": "00:04:46", "end": "00:04:49", "text": "impulsive structure like you see there"}, {"start": "00:04:49", "end": "00:04:52", "text": "and provided Bitcoin can get above its"}, {"start": "00:04:52", "end": "00:04:54", "text": "21w weekly moving average which you see"}, {"start": "00:04:54", "end": "00:04:55", "text": "there on the chart that blue line that"}, {"start": "00:04:55", "end": "00:04:57", "text": "would be a good sign a positive sign for"}, {"start": "00:04:57", "end": "00:04:59", "text": "Bitcoin that could be a sign that"}, {"start": "00:04:59", "end": "00:05:01", "text": "potentially could recover and likely"}, {"start": "00:05:01", "end": "00:05:03", "text": "make new highs. And by the way I should"}, {"start": "00:05:03", "end": "00:05:05", "text": "say this that is actually what I still"}, {"start": "00:05:05", "end": "00:05:06", "text": "expect on the price of Bitcoin. Even"}, {"start": "00:05:06", "end": "00:05:08", "text": "though we've had this nice correction,"}, {"start": "00:05:08", "end": "00:05:09", "text": "this drop down, I'm still going to"}, {"start": "00:05:09", "end": "00:05:11", "text": "remain positive and optimistic on the"}, {"start": "00:05:11", "end": "00:05:13", "text": "price of Bitcoin for at least to the end"}, {"start": "00:05:13", "end": "00:05:15", "text": "of the year and going into next year. As"}, {"start": "00:05:15", "end": "00:05:17", "text": "far as I'm concerned, a lot of the data"}, {"start": "00:05:17", "end": "00:05:19", "text": "still supports Bitcoin going higher, at"}, {"start": "00:05:19", "end": "00:05:21", "text": "least by the end of this year. Don't get"}, {"start": "00:05:21", "end": "00:05:22", "text": "me wrong here, I'm not expecting Bitcoin"}, {"start": "00:05:22", "end": "00:05:24", "text": "to reach new highs immediately. I don't"}, {"start": "00:05:24", "end": "00:05:26", "text": "think it's going to happen in November,"}, {"start": "00:05:26", "end": "00:05:27", "text": "but it could happen by the end of the"}, {"start": "00:05:27", "end": "00:05:28", "text": "year, by the end of December. I think we"}, {"start": "00:05:28", "end": "00:05:31", "text": "could see a move to much higher levels"}, {"start": "00:05:31", "end": "00:05:32", "text": "in the next several months, if not in"}, {"start": "00:05:32", "end": "00:05:34", "text": "the short term. One thing we have to"}, {"start": "00:05:34", "end": "00:05:36", "text": "remember is the seasonality. Seasonality"}, {"start": "00:05:36", "end": "00:05:38", "text": "often turns bullish for Bitcoin,"}, {"start": "00:05:38", "end": "00:05:41", "text": "especially in the period from November"}, {"start": "00:05:41", "end": "00:05:42", "text": "to December. The big picture is that"}, {"start": "00:05:42", "end": "00:05:44", "text": "both Bitcoin and the stock market at the"}, {"start": "00:05:44", "end": "00:05:47", "text": "moment are still in uptrends. So, I'm"}, {"start": "00:05:47", "end": "00:05:48", "text": "still seeing this drop in the price of"}, {"start": "00:05:48", "end": "00:05:51", "text": "Bitcoin as part of a large correction as"}, {"start": "00:05:51", "end": "00:05:53", "text": "a likely ABC correction. And I think"}, {"start": "00:05:53", "end": "00:05:55", "text": "this recent drop was part of the C-wave"}, {"start": "00:05:55", "end": "00:05:57", "text": "of that ABC correction. So guys, in a"}, {"start": "00:05:57", "end": "00:05:58", "text": "nutshell, let's wait and see what the"}, {"start": "00:05:58", "end": "00:06:01", "text": "next bounce, the next rally on the price"}, {"start": "00:06:01", "end": "00:06:03", "text": "of Bitcoin is going to be, especially on"}, {"start": "00:06:03", "end": "00:06:04", "text": "the lower time frames like the daily"}, {"start": "00:06:04", "end": "00:06:06", "text": "chart or the hourly charts. If that"}, {"start": "00:06:06", "end": "00:06:10", "text": "bounce, if that rally is impulsive and"}, {"start": "00:06:10", "end": "00:06:12", "text": "provided we can move above the 21 weekly"}, {"start": "00:06:12", "end": "00:06:14", "text": "moving average, that would be a positive"}, {"start": "00:06:14", "end": "00:06:15", "text": "sign, be a good sign for Bitcoin, that"}, {"start": "00:06:15", "end": "00:06:17", "text": "could potentially mean we might rally to"}, {"start": "00:06:17", "end": "00:06:19", "text": "new highs by the end of the year or next"}, {"start": "00:06:19", "end": "00:06:20", "text": "year. However, if the next bounce or"}, {"start": "00:06:20", "end": "00:06:23", "text": "rally is corrective, if it's overlapping"}, {"start": "00:06:23", "end": "00:06:25", "text": "or it's composed of three waves or if it"}, {"start": "00:06:25", "end": "00:06:28", "text": "doesn't look at all impulsive and"}, {"start": "00:06:28", "end": "00:06:31", "text": "especially if Bitcoin gets rejected or"}, {"start": "00:06:31", "end": "00:06:33", "text": "does not move above the 21 weekly moving"}, {"start": "00:06:33", "end": "00:06:36", "text": "average, if it fails to go above the"}, {"start": "00:06:36", "end": "00:06:37", "text": "weekly 21 moving average, then that"}, {"start": "00:06:37", "end": "00:06:39", "text": "would be a negative sign. That might"}, {"start": "00:06:39", "end": "00:06:40", "text": "potentially be a sign of increasing"}, {"start": "00:06:40", "end": "00:06:43", "text": "downside risk if the next bounce fails"}, {"start": "00:06:43", "end": "00:06:45", "text": "to go above that key resistance. So,"}, {"start": "00:06:45", "end": "00:06:47", "text": "let's wait and see what happens. Again,"}, {"start": "00:06:47", "end": "00:06:48", "text": "personally, I'm still remaining"}, {"start": "00:06:48", "end": "00:06:50", "text": "cautiously optimistic. Uh, by the way, I"}, {"start": "00:06:50", "end": "00:06:53", "text": "should say that so far it's too early to"}, {"start": "00:06:53", "end": "00:06:55", "text": "call on the recent rally we've seen, the"}, {"start": "00:06:55", "end": "00:06:57", "text": "bounce we've seen. So, at the moment, I"}, {"start": "00:06:57", "end": "00:06:58", "text": "cannot make a decision on the recent"}, {"start": "00:06:58", "end": "00:07:00", "text": "bounce we've just seen. The structure"}, {"start": "00:07:00", "end": "00:07:02", "text": "does not seem very clear. So, I want to"}, {"start": "00:07:02", "end": "00:07:04", "text": "see more data. I want to see what we get"}, {"start": "00:07:04", "end": "00:07:06", "text": "in the next several days and weeks. All"}, {"start": "00:07:06", "end": "00:07:07", "text": "right, guys. Before I finish this video,"}, {"start": "00:07:07", "end": "00:07:09", "text": "let me just quickly mention that don't"}, {"start": "00:07:09", "end": "00:07:10", "text": "forget to take advantage of the early"}, {"start": "00:07:10", "end": "00:07:12", "text": "bird discount on the online educational"}, {"start": "00:07:12", "end": "00:07:14", "text": "course that I'm doing with my good"}, {"start": "00:07:14", "end": "00:07:16", "text": "friend and trader, Charlie Burton. Now,"}, {"start": "00:07:16", "end": "00:07:17", "text": "Charlie Burton has had 28 years of"}, {"start": "00:07:17", "end": "00:07:19", "text": "experience as a professional trader and"}, {"start": "00:07:19", "end": "00:07:21", "text": "he's going to bring that experience to"}, {"start": "00:07:21", "end": "00:07:22", "text": "this particular course that we're doing"}, {"start": "00:07:22", "end": "00:07:24", "text": "together. And for the first time, we're"}, {"start": "00:07:24", "end": "00:07:26", "text": "doing an online educational course on"}, {"start": "00:07:26", "end": "00:07:28", "text": "technical analysis and trading. So,"}, {"start": "00:07:28", "end": "00:07:30", "text": "we're going to be covering subjects such"}, {"start": "00:07:30", "end": "00:07:32", "text": "as what exactly is working in technical"}, {"start": "00:07:32", "end": "00:07:35", "text": "analysis today and going into 2026. How"}, {"start": "00:07:35", "end": "00:07:36", "text": "to analyze the charts from the point of"}, {"start": "00:07:36", "end": "00:07:38", "text": "view of time analysis, multiple time"}, {"start": "00:07:38", "end": "00:07:40", "text": "frames, powerful momentum moves, and so"}, {"start": "00:07:40", "end": "00:07:42", "text": "on and so on. By the way, the full"}, {"start": "00:07:42", "end": "00:07:43", "text": "details are on that web page on that"}, {"start": "00:07:43", "end": "00:07:45", "text": "link you see right there. That's"}, {"start": "00:07:45", "end": "00:07:47", "text": "protrading workshop. To get the early"}, {"start": "00:07:47", "end": "00:07:48", "text": "bird discount, you need to act now"}, {"start": "00:07:48", "end": "00:07:50", "text": "because it's only for a limited time. So"}, {"start": "00:07:50", "end": "00:07:51", "text": "go to that link. It's in the"}, {"start": "00:07:51", "end": "00:07:53", "text": "description. And we look forward to"}, {"start": "00:07:53", "end": "00:07:55", "text": "seeing you guys at the online course."}, {"start": "00:07:55", "end": "00:07:56", "text": "All right, guys. Thank you very much"}, {"start": "00:07:56", "end": "00:07:57", "text": "indeed for watching this video. I look"}, {"start": "00:07:57", "end": "00:07:58", "text": "forward to seeing you in the next video"}, {"start": "00:07:58", "end": "00:08:02", "text": "update. Cheers. Bye now."}, {"start": "00:08:03", "end": "00:08:15", "text": "[Music]"}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Hey guys, Alexio. Hope you're well. So"}, {"start": "00:00:01", "end": "00:00:02", "text": "in this video, I'm going to take a look"}, {"start": "00:00:02", "end": "00:00:03", "text": "at the chart of gold, especially after"}, {"start": "00:00:03", "end": "00:00:05", "text": "what's recently happened on the price of"}, {"start": "00:00:05", "end": "00:00:07", "text": "gold after this drop that we've seen so"}, {"start": "00:00:07", "end": "00:00:08", "text": "far. So let's take a look at the chart"}, {"start": "00:00:08", "end": "00:00:13", "text": "of metal. All right guys, join me."}, {"start": "00:00:18", "end": "00:00:20", "text": "All right, guys. Welcome back. Uh, as"}, {"start": "00:00:20", "end": "00:00:21", "text": "you probably can guess, I'm not in"}, {"start": "00:00:21", "end": "00:00:23", "text": "London. I'm currently in Austria. As a"}, {"start": "00:00:23", "end": "00:00:25", "text": "matter of fact, in Salsburg, Austria."}, {"start": "00:00:25", "end": "00:00:26", "text": "making this video for you in front of"}, {"start": "00:00:26", "end": "00:00:28", "text": "the birthplace of Mozart, the great"}, {"start": "00:00:28", "end": "00:00:31", "text": "composer, as I'm sure you probably know."}, {"start": "00:00:31", "end": "00:00:33", "text": "And um anyway, so I'm just going to walk"}, {"start": "00:00:33", "end": "00:00:34", "text": "here a little bit and talk about the"}, {"start": "00:00:34", "end": "00:00:36", "text": "chart of gold. By the way, guys, before"}, {"start": "00:00:36", "end": "00:00:38", "text": "I continue, also make sure you listen to"}, {"start": "00:00:38", "end": "00:00:39", "text": "the announcement I'm going to make at"}, {"start": "00:00:39", "end": "00:00:41", "text": "the end of this video about an important"}, {"start": "00:00:41", "end": "00:00:43", "text": "online educational course that Charlie"}, {"start": "00:00:43", "end": "00:00:44", "text": "and I are doing. Uh so make sure you"}, {"start": "00:00:44", "end": "00:00:46", "text": "check that out. So, as I'm sure you've"}, {"start": "00:00:46", "end": "00:00:48", "text": "seen, gold had a dramatic parabolic"}, {"start": "00:00:48", "end": "00:00:51", "text": "rally, uh, essentially from the 3,500"}, {"start": "00:00:51", "end": "00:00:53", "text": "level where it was consolidating and"}, {"start": "00:00:53", "end": "00:00:55", "text": "then all the way up to the north of"}, {"start": "00:00:55", "end": "00:00:57", "text": "4,000. As a matter of fact, it went to"}, {"start": "00:00:57", "end": "00:01:00", "text": "close to $4,300 uh. So, I had a"}, {"start": "00:01:00", "end": "00:01:02", "text": "tremendous rally to that price level and"}, {"start": "00:01:02", "end": "00:01:04", "text": "then it then dropped. One thing I should"}, {"start": "00:01:04", "end": "00:01:06", "text": "say though in this video that I did not"}, {"start": "00:01:06", "end": "00:01:10", "text": "expect gold to go so fast from 3,500"}, {"start": "00:01:10", "end": "00:01:13", "text": "to that level above 4,000, 4,300 so"}, {"start": "00:01:13", "end": "00:01:15", "text": "quickly. I mean, I thought it would"}, {"start": "00:01:15", "end": "00:01:17", "text": "happen eventually, some months later,"}, {"start": "00:01:17", "end": "00:01:19", "text": "many months later after a pullback"}, {"start": "00:01:19", "end": "00:01:21", "text": "towards the 21 moving average. But"}, {"start": "00:01:21", "end": "00:01:23", "text": "again, sometimes the unusual, the less"}, {"start": "00:01:23", "end": "00:01:25", "text": "probable thing happens. By the way, one"}, {"start": "00:01:25", "end": "00:01:26", "text": "point I need to make here is this. When"}, {"start": "00:01:26", "end": "00:01:28", "text": "gold broke out of that triangular"}, {"start": "00:01:28", "end": "00:01:29", "text": "formation, I actually mentioned in the"}, {"start": "00:01:29", "end": "00:01:31", "text": "videos in the member videos that very"}, {"start": "00:01:31", "end": "00:01:32", "text": "likely gold was going higher. Here's the"}, {"start": "00:01:32", "end": "00:01:34", "text": "clip. because of the break above this"}, {"start": "00:01:34", "end": "00:01:36", "text": "triangle formation. Charlie mentioned"}, {"start": "00:01:36", "end": "00:01:38", "text": "and I agreed with him that a break above"}, {"start": "00:01:38", "end": "00:01:40", "text": "the triangle formation, especially a"}, {"start": "00:01:40", "end": "00:01:42", "text": "move above resistance could increase the"}, {"start": "00:01:42", "end": "00:01:44", "text": "likelihood that it's getting ready for a"}, {"start": "00:01:44", "end": "00:01:47", "text": "rally to next upper levels. And that"}, {"start": "00:01:47", "end": "00:01:48", "text": "seems to be what gold is doing right"}, {"start": "00:01:48", "end": "00:01:50", "text": "now. So some weeks ago in the member"}, {"start": "00:01:50", "end": "00:01:52", "text": "videos, I mentioned a very strong"}, {"start": "00:01:52", "end": "00:01:53", "text": "warning on the price of gold, which you"}, {"start": "00:01:53", "end": "00:01:55", "text": "probably saw. Here's a very quick clip."}, {"start": "00:01:55", "end": "00:01:58", "text": "Whenever the price goes parabolic and"}, {"start": "00:01:58", "end": "00:02:00", "text": "whenever the price rallies to such an"}, {"start": "00:02:00", "end": "00:02:02", "text": "extent that it becomes so overbought and"}, {"start": "00:02:02", "end": "00:02:04", "text": "overextended that the price level"}, {"start": "00:02:04", "end": "00:02:07", "text": "becomes a distance a percentage distance"}, {"start": "00:02:07", "end": "00:02:10", "text": "from it 200 SMA the 200 moving average"}, {"start": "00:02:10", "end": "00:02:12", "text": "on the daily chart. Usually when it"}, {"start": "00:02:12", "end": "00:02:13", "text": "becomes so overstretched that it goes"}, {"start": "00:02:13", "end": "00:02:17", "text": "over 30% distance from it 200 average as"}, {"start": "00:02:17", "end": "00:02:19", "text": "it is doing currently it is tended to be"}, {"start": "00:02:19", "end": "00:02:22", "text": "followed by a very sharp decline. In"}, {"start": "00:02:22", "end": "00:02:24", "text": "other words, a decline that erases the"}, {"start": "00:02:24", "end": "00:02:26", "text": "gains that were made in the parabolic"}, {"start": "00:02:26", "end": "00:02:29", "text": "rally and goes back towards its 200"}, {"start": "00:02:29", "end": "00:02:31", "text": "simple moving average on the daily"}, {"start": "00:02:31", "end": "00:02:32", "text": "chart. That I think is still probable."}, {"start": "00:02:32", "end": "00:02:34", "text": "All right, guys. So, as you heard in the"}, {"start": "00:02:34", "end": "00:02:36", "text": "member videos, I was warning that"}, {"start": "00:02:36", "end": "00:02:39", "text": "whenever gold goes a distance when"}, {"start": "00:02:39", "end": "00:02:40", "text": "whenever it goes parabolic and whenever"}, {"start": "00:02:40", "end": "00:02:43", "text": "it goes a distance about 25 to 30% above"}, {"start": "00:02:43", "end": "00:02:45", "text": "its daily 200 moving average, that green"}, {"start": "00:02:45", "end": "00:02:47", "text": "line you see there on the chart, which"}, {"start": "00:02:47", "end": "00:02:48", "text": "by the way is what happened. In other"}, {"start": "00:02:48", "end": "00:02:51", "text": "words, whenever gold moves so quickly"}, {"start": "00:02:51", "end": "00:02:53", "text": "that it has a distance of about 30% from"}, {"start": "00:02:53", "end": "00:02:55", "text": "its 200 daily moving average, the risk"}, {"start": "00:02:55", "end": "00:02:57", "text": "and the danger increases of some kind of"}, {"start": "00:02:57", "end": "00:03:00", "text": "a top and then an eventual crash down to"}, {"start": "00:03:00", "end": "00:03:02", "text": "the average down to some key support"}, {"start": "00:03:02", "end": "00:03:03", "text": "levels. As I showed in that video clip,"}, {"start": "00:03:03", "end": "00:03:05", "text": "this has happened in the past. As you'll"}, {"start": "00:03:05", "end": "00:03:07", "text": "see here in 2011, this exact same thing"}, {"start": "00:03:07", "end": "00:03:09", "text": "happened when the price became so"}, {"start": "00:03:09", "end": "00:03:11", "text": "parabolic and so overextended that it"}, {"start": "00:03:11", "end": "00:03:13", "text": "eventually crashed back down to its"}, {"start": "00:03:13", "end": "00:03:14", "text": "support level. The same thing happened"}, {"start": "00:03:14", "end": "00:03:17", "text": "in the year 2020 as you see there on the"}, {"start": "00:03:17", "end": "00:03:18", "text": "chart. The same thing happened back in"}, {"start": "00:03:18", "end": "00:03:19", "text": "the past as you see here on these weekly"}, {"start": "00:03:19", "end": "00:03:21", "text": "charts. The weekly chart is also a very"}, {"start": "00:03:21", "end": "00:03:23", "text": "good example as you see there as well."}, {"start": "00:03:23", "end": "00:03:24", "text": "So if you think about it the reason why"}, {"start": "00:03:24", "end": "00:03:26", "text": "this happens is because whenever you"}, {"start": "00:03:26", "end": "00:03:28", "text": "know you you stretch an elastic band"}, {"start": "00:03:28", "end": "00:03:30", "text": "eventually the elastic band will snap"}, {"start": "00:03:30", "end": "00:03:32", "text": "back. You know price becomes extremely"}, {"start": "00:03:32", "end": "00:03:35", "text": "overstretched overextended to such a"}, {"start": "00:03:35", "end": "00:03:36", "text": "degree and eventually snaps back to its"}, {"start": "00:03:36", "end": "00:03:38", "text": "averages. I should say the only major"}, {"start": "00:03:38", "end": "00:03:41", "text": "exception was the late 1970s when gold"}, {"start": "00:03:41", "end": "00:03:43", "text": "managed to spike even higher and rally"}, {"start": "00:03:43", "end": "00:03:46", "text": "higher despite all the warning signals."}, {"start": "00:03:46", "end": "00:03:48", "text": "But I should say even then even though"}, {"start": "00:03:48", "end": "00:03:50", "text": "gold did ignore the warning signals and"}, {"start": "00:03:50", "end": "00:03:52", "text": "continued to push further higher get"}, {"start": "00:03:52", "end": "00:03:54", "text": "overstretched nevertheless the result"}, {"start": "00:03:54", "end": "00:03:56", "text": "was not that great because it eventually"}, {"start": "00:03:56", "end": "00:03:58", "text": "gave back all the gains from the"}, {"start": "00:03:58", "end": "00:03:59", "text": "parabolic rally and then eventually"}, {"start": "00:03:59", "end": "00:04:02", "text": "crashed back to its 200 average. But I"}, {"start": "00:04:02", "end": "00:04:04", "text": "should say the extreme rally we saw in"}, {"start": "00:04:04", "end": "00:04:07", "text": "gold in 1970s is a rare example. It's in"}, {"start": "00:04:07", "end": "00:04:09", "text": "the minority because in the majority of"}, {"start": "00:04:09", "end": "00:04:12", "text": "times when gold became parabolic like"}, {"start": "00:04:12", "end": "00:04:14", "text": "for example in 2011 after such extreme"}, {"start": "00:04:14", "end": "00:04:16", "text": "conditions it did eventually top and"}, {"start": "00:04:16", "end": "00:04:19", "text": "then crash really hard. So what happened"}, {"start": "00:04:19", "end": "00:04:24", "text": "in 2011 in 2008 in 2006 in 1986 in the"}, {"start": "00:04:24", "end": "00:04:27", "text": "1980s this pattern of gold topping and"}, {"start": "00:04:27", "end": "00:04:29", "text": "then dropping really hard is much more"}, {"start": "00:04:29", "end": "00:04:31", "text": "common. A lot of people think that uh"}, {"start": "00:04:31", "end": "00:04:33", "text": "price action is driven by fundamentals"}, {"start": "00:04:33", "end": "00:04:35", "text": "or the news or something like that. It's"}, {"start": "00:04:35", "end": "00:04:37", "text": "not that the price of gold just like"}, {"start": "00:04:37", "end": "00:04:39", "text": "every other market is driven by"}, {"start": "00:04:39", "end": "00:04:41", "text": "sentiment by the psychology of the crowd"}, {"start": "00:04:41", "end": "00:04:44", "text": "the herd. So that is the one of the key"}, {"start": "00:04:44", "end": "00:04:46", "text": "movers of price action. It's not so much"}, {"start": "00:04:46", "end": "00:04:47", "text": "fundamental as you know fundamentals"}, {"start": "00:04:47", "end": "00:04:50", "text": "often lag price action. That's why we"}, {"start": "00:04:50", "end": "00:04:52", "text": "pay attention to sentiment and that's"}, {"start": "00:04:52", "end": "00:04:54", "text": "why we pay attention to the price action"}, {"start": "00:04:54", "end": "00:04:58", "text": "as we say in German price uber also"}, {"start": "00:04:58", "end": "00:05:00", "text": "with the price and the charts. Uh in a"}, {"start": "00:05:00", "end": "00:05:02", "text": "nutshell, gold has now managed to"}, {"start": "00:05:02", "end": "00:05:04", "text": "retrace back to its key support levels."}, {"start": "00:05:04", "end": "00:05:06", "text": "And uh I think it's going to be very"}, {"start": "00:05:06", "end": "00:05:07", "text": "important to see what gold does at this"}, {"start": "00:05:07", "end": "00:05:11", "text": "point. If gold manages to bounce or"}, {"start": "00:05:11", "end": "00:05:13", "text": "rally from here in an impulsive fashion,"}, {"start": "00:05:13", "end": "00:05:15", "text": "in an impulsive way, in other words, in"}, {"start": "00:05:15", "end": "00:05:16", "text": "a fivewave move, that could be very"}, {"start": "00:05:16", "end": "00:05:18", "text": "bullish for gold, in which case it could"}, {"start": "00:05:18", "end": "00:05:20", "text": "mean that gold may recover and move back"}, {"start": "00:05:20", "end": "00:05:23", "text": "to new highs. But if the next bounce or"}, {"start": "00:05:23", "end": "00:05:24", "text": "rally happens to be corrective in"}, {"start": "00:05:24", "end": "00:05:26", "text": "nature, in other words, if it's very"}, {"start": "00:05:26", "end": "00:05:28", "text": "overlapping, made up of three waves,"}, {"start": "00:05:28", "end": "00:05:30", "text": "then no. the odds are actually much"}, {"start": "00:05:30", "end": "00:05:32", "text": "lower. Personally, there's a chance that"}, {"start": "00:05:32", "end": "00:05:34", "text": "gold may have topped because in previous"}, {"start": "00:05:34", "end": "00:05:37", "text": "examples, gold did top whenever it went"}, {"start": "00:05:37", "end": "00:05:39", "text": "parabolic and moved by 30% from its 200"}, {"start": "00:05:39", "end": "00:05:41", "text": "moving average. That may have happened"}, {"start": "00:05:41", "end": "00:05:43", "text": "here in gold as well. It's possible that"}, {"start": "00:05:43", "end": "00:05:45", "text": "gold may have topped. So, for example,"}, {"start": "00:05:45", "end": "00:05:47", "text": "if gold was now to drop in a sustained"}, {"start": "00:05:47", "end": "00:05:49", "text": "way below the low that it made there on"}, {"start": "00:05:49", "end": "00:05:51", "text": "the 28th of October, that actually would"}, {"start": "00:05:51", "end": "00:05:52", "text": "increase the likelihood significantly"}, {"start": "00:05:52", "end": "00:05:55", "text": "that a top is in. On the other hand, if"}, {"start": "00:05:55", "end": "00:05:58", "text": "the next bounce or rally on gold is"}, {"start": "00:05:58", "end": "00:06:00", "text": "impulsive, in other words, if it's"}, {"start": "00:06:00", "end": "00:06:01", "text": "composed of five waves on a smaller"}, {"start": "00:06:01", "end": "00:06:03", "text": "degree, then it could be a positive news"}, {"start": "00:06:03", "end": "00:06:04", "text": "for gold, provided gold can break"}, {"start": "00:06:04", "end": "00:06:07", "text": "through that resistance on the chart. If"}, {"start": "00:06:07", "end": "00:06:08", "text": "it can break through that resistance,"}, {"start": "00:06:08", "end": "00:06:09", "text": "then it could mean potentially we may"}, {"start": "00:06:09", "end": "00:06:12", "text": "see a move to new highs. Uh I'll be"}, {"start": "00:06:12", "end": "00:06:14", "text": "honest, right now I'm not quite sure if"}, {"start": "00:06:14", "end": "00:06:16", "text": "it can do that, but we shall see. And"}, {"start": "00:06:16", "end": "00:06:18", "text": "what I mean by that is if gold if gold"}, {"start": "00:06:18", "end": "00:06:20", "text": "was able to take out the recent high it"}, {"start": "00:06:20", "end": "00:06:22", "text": "made in October, then it would increase"}, {"start": "00:06:22", "end": "00:06:24", "text": "the probability that we might be in a"}, {"start": "00:06:24", "end": "00:06:26", "text": "1970s style rally where gold just"}, {"start": "00:06:26", "end": "00:06:28", "text": "ignored all the warning signs. But I"}, {"start": "00:06:28", "end": "00:06:30", "text": "should say the probability of that"}, {"start": "00:06:30", "end": "00:06:32", "text": "scenario like the 1970s, I think it's"}, {"start": "00:06:32", "end": "00:06:35", "text": "lower because the drop that occurred"}, {"start": "00:06:35", "end": "00:06:37", "text": "more recently seems to be impulsive and"}, {"start": "00:06:37", "end": "00:06:39", "text": "it's already broken support levels like"}, {"start": "00:06:39", "end": "00:06:42", "text": "the 4,000 level. So, at the moment, the"}, {"start": "00:06:42", "end": "00:06:44", "text": "odds of a top being in place seem to be"}, {"start": "00:06:44", "end": "00:06:46", "text": "higher, but nevertheless, we need to see"}, {"start": "00:06:46", "end": "00:06:48", "text": "confirmation by a break of the lows. All"}, {"start": "00:06:48", "end": "00:06:50", "text": "right, guys. So, that's really what we"}, {"start": "00:06:50", "end": "00:06:51", "text": "have here on the price of gold. I again,"}, {"start": "00:06:51", "end": "00:06:53", "text": "I'm going to maintain an open mind. I'm"}, {"start": "00:06:53", "end": "00:06:55", "text": "not saying gold is topped for the long"}, {"start": "00:06:55", "end": "00:06:57", "text": "term. Again, everything depends on the"}, {"start": "00:06:57", "end": "00:07:00", "text": "next bounce, the next rally. Uh again,"}, {"start": "00:07:00", "end": "00:07:02", "text": "either on the daily chart or on the"}, {"start": "00:07:02", "end": "00:07:04", "text": "lower time frame, hourly chart, as I"}, {"start": "00:07:04", "end": "00:07:06", "text": "explained in this video. Um, personally,"}, {"start": "00:07:06", "end": "00:07:07", "text": "I'm going to keep my mind open on the"}, {"start": "00:07:07", "end": "00:07:10", "text": "metal. Uh but again that depends on what"}, {"start": "00:07:10", "end": "00:07:12", "text": "kind of a structure we get on the lower"}, {"start": "00:07:12", "end": "00:07:13", "text": "time frame. All right guys, thank you"}, {"start": "00:07:13", "end": "00:07:14", "text": "very much for watching this video. Let"}, {"start": "00:07:14", "end": "00:07:15", "text": "me just make a very special announcement"}, {"start": "00:07:15", "end": "00:07:17", "text": "for you. For the very first time, my"}, {"start": "00:07:17", "end": "00:07:18", "text": "good friend and trader Charlie Burton"}, {"start": "00:07:18", "end": "00:07:20", "text": "and I are doing together an online"}, {"start": "00:07:20", "end": "00:07:23", "text": "class, a special one-day online class on"}, {"start": "00:07:23", "end": "00:07:25", "text": "trading and analysis. We haven't done a"}, {"start": "00:07:25", "end": "00:07:26", "text": "joint class together. That's why it's"}, {"start": "00:07:26", "end": "00:07:28", "text": "going to be very special and important."}, {"start": "00:07:28", "end": "00:07:29", "text": "And in this special class, we're going"}, {"start": "00:07:29", "end": "00:07:31", "text": "to be sharing with you key techniques"}, {"start": "00:07:31", "end": "00:07:32", "text": "and methods as to what is working now"}, {"start": "00:07:32", "end": "00:07:35", "text": "and what is likely to work in 2026 when"}, {"start": "00:07:35", "end": "00:07:37", "text": "it comes to trading and analysis. So"}, {"start": "00:07:37", "end": "00:07:37", "text": "you're going to be learning in this"}, {"start": "00:07:37", "end": "00:07:39", "text": "online class, for example, key"}, {"start": "00:07:39", "end": "00:07:40", "text": "techniques and methods for trading that"}, {"start": "00:07:40", "end": "00:07:42", "text": "Charlie himself uses in everyday"}, {"start": "00:07:42", "end": "00:07:44", "text": "trading. So Charlie Burton is going to"}, {"start": "00:07:44", "end": "00:07:45", "text": "be sharing with you some of the key"}, {"start": "00:07:45", "end": "00:07:47", "text": "techniques and strategies he uses every"}, {"start": "00:07:47", "end": "00:07:49", "text": "day in his trading and analysis. And"}, {"start": "00:07:49", "end": "00:07:50", "text": "I'll be covering for you in this"}, {"start": "00:07:50", "end": "00:07:52", "text": "educational class key techniques and"}, {"start": "00:07:52", "end": "00:07:54", "text": "strategies for time analysis, plus also"}, {"start": "00:07:54", "end": "00:07:56", "text": "multiple time frame analysis and also"}, {"start": "00:07:56", "end": "00:07:58", "text": "how to spot powerful momentum moves"}, {"start": "00:07:58", "end": "00:08:00", "text": "before they actually happen and take"}, {"start": "00:08:00", "end": "00:08:01", "text": "shape. And also Charlie and I going to"}, {"start": "00:08:01", "end": "00:08:03", "text": "be covering the key mistakes to avoid"}, {"start": "00:08:03", "end": "00:08:05", "text": "when doing trading analysis. And by the"}, {"start": "00:08:05", "end": "00:08:06", "text": "way, the class comes with a 30-day money"}, {"start": "00:08:06", "end": "00:08:08", "text": "back guarantee. So, we're taking all the"}, {"start": "00:08:08", "end": "00:08:09", "text": "risk. All right, guys. Thank you very"}, {"start": "00:08:09", "end": "00:08:10", "text": "much indeed for watching this video. So,"}, {"start": "00:08:10", "end": "00:08:11", "text": "I look forward to seeing you in the next"}, {"start": "00:08:11", "end": "00:08:13", "text": "video update. And I look forward to"}, {"start": "00:08:13", "end": "00:08:14", "text": "seeing you guys in the online class."}, {"start": "00:08:14", "end": "00:08:17", "text": "Thanks a lot."}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Hey guys, Allesio. Hope you're well and"}, {"start": "00:00:01", "end": "00:00:03", "text": "welcome to a brand new update on the"}, {"start": "00:00:03", "end": "00:00:04", "text": "stock market. So, in this video, we're"}, {"start": "00:00:04", "end": "00:00:05", "text": "going to take a look at the chart of the"}, {"start": "00:00:05", "end": "00:00:06", "text": "stock markets, chart the S&P, and figure"}, {"start": "00:00:06", "end": "00:00:08", "text": "out what's happening here on the chart"}, {"start": "00:00:08", "end": "00:00:09", "text": "of the stock markets, especially this"}, {"start": "00:00:09", "end": "00:00:11", "text": "recent move that occurred. All right,"}, {"start": "00:00:11", "end": "00:00:14", "text": "guys, join me."}, {"start": "00:00:16", "end": "00:00:20", "text": "[Music]"}, {"start": "00:00:20", "end": "00:00:21", "text": "All right, guys. Welcome back. Now, as"}, {"start": "00:00:21", "end": "00:00:23", "text": "you probably have gathered, uh I'm not"}, {"start": "00:00:23", "end": "00:00:25", "text": "in London. I'm actually in Munich. Yes,"}, {"start": "00:00:25", "end": "00:00:27", "text": "still in Munich. just some amazing"}, {"start": "00:00:27", "end": "00:00:29", "text": "historical buildings as they say here in"}, {"start": "00:00:29", "end": "00:00:31", "text": "Germany."}, {"start": "00:00:31", "end": "00:00:33", "text": "One thing I should say here guys that"}, {"start": "00:00:33", "end": "00:00:34", "text": "while I try my best in these videos to"}, {"start": "00:00:34", "end": "00:00:36", "text": "give you a reliable and accurate"}, {"start": "00:00:36", "end": "00:00:37", "text": "analysis of markets. Nevertheless,"}, {"start": "00:00:37", "end": "00:00:39", "text": "because the stock markets are"}, {"start": "00:00:39", "end": "00:00:42", "text": "probabilistic, chaotic and nonlinear, uh"}, {"start": "00:00:42", "end": "00:00:44", "text": "it is impossible to be correct every"}, {"start": "00:00:44", "end": "00:00:45", "text": "single time. So there are going to be"}, {"start": "00:00:45", "end": "00:00:47", "text": "occasions when we get it wrong. Uh so"}, {"start": "00:00:47", "end": "00:00:48", "text": "for example, even though I got it right"}, {"start": "00:00:48", "end": "00:00:50", "text": "back in April that the stock markets had"}, {"start": "00:00:50", "end": "00:00:52", "text": "bottomed because of capitulation at the"}, {"start": "00:00:52", "end": "00:00:53", "text": "time and even though I was expecting the"}, {"start": "00:00:53", "end": "00:00:55", "text": "stock market to rally, nevertheless,"}, {"start": "00:00:55", "end": "00:00:56", "text": "sometimes the markets do things which we"}, {"start": "00:00:56", "end": "00:00:57", "text": "don't expect because they're so"}, {"start": "00:00:57", "end": "00:00:59", "text": "improbable. So for example, several"}, {"start": "00:00:59", "end": "00:01:01", "text": "months ago, I had mentioned that the"}, {"start": "00:01:01", "end": "00:01:02", "text": "stock markets, the S&P could likely go"}, {"start": "00:01:02", "end": "00:01:05", "text": "to 6,700. Here's a clip. This has"}, {"start": "00:01:05", "end": "00:01:07", "text": "significantly increased the likelihood"}, {"start": "00:01:07", "end": "00:01:09", "text": "that the market could make new highs in"}, {"start": "00:01:09", "end": "00:01:11", "text": "the next several months and indeed move"}, {"start": "00:01:11", "end": "00:01:13", "text": "to much higher levels. And in fact, I've"}, {"start": "00:01:13", "end": "00:01:15", "text": "actually pointed out the levels quite"}, {"start": "00:01:15", "end": "00:01:17", "text": "clearly on this chart. So, I'm now"}, {"start": "00:01:17", "end": "00:01:19", "text": "looking I'm now looking for the market"}, {"start": "00:01:19", "end": "00:01:21", "text": "in the next several months and likely"}, {"start": "00:01:21", "end": "00:01:23", "text": "potentially by the end of this year to"}, {"start": "00:01:23", "end": "00:01:25", "text": "move to the first target. And that's"}, {"start": "00:01:25", "end": "00:01:28", "text": "what I've written right up here. And cap"}, {"start": "00:01:28", "end": "00:01:30", "text": "ZBT here just simply means capitulation"}, {"start": "00:01:30", "end": "00:01:32", "text": "with the Zigg breath thrust. So, the"}, {"start": "00:01:32", "end": "00:01:35", "text": "first target based on a 22% potential"}, {"start": "00:01:35", "end": "00:01:37", "text": "average return. So, a high probability"}, {"start": "00:01:37", "end": "00:01:39", "text": "the market could potentially move into"}, {"start": "00:01:39", "end": "00:01:41", "text": "this level, approximately just under"}, {"start": "00:01:41", "end": "00:01:44", "text": "6,700. That's based on the first median"}, {"start": "00:01:44", "end": "00:01:46", "text": "figure for the six-month period that I"}, {"start": "00:01:46", "end": "00:01:48", "text": "just showed earlier, which means that"}, {"start": "00:01:48", "end": "00:01:50", "text": "the market could likely move again"}, {"start": "00:01:50", "end": "00:01:53", "text": "likely in the wave five to that likely"}, {"start": "00:01:53", "end": "00:01:55", "text": "target. Just point this out. So, I'm"}, {"start": "00:01:55", "end": "00:01:57", "text": "looking for this wave five eventually"}, {"start": "00:01:57", "end": "00:02:00", "text": "taking us at the very minimum once we"}, {"start": "00:02:00", "end": "00:02:02", "text": "get to new highs, uh, eventually to"}, {"start": "00:02:02", "end": "00:02:05", "text": "6,700. but also the next potential"}, {"start": "00:02:05", "end": "00:02:06", "text": "target which I think could be reached by"}, {"start": "00:02:06", "end": "00:02:10", "text": "next year and that's at the 7,000 level."}, {"start": "00:02:10", "end": "00:02:12", "text": "So we could see this wave five extend"}, {"start": "00:02:12", "end": "00:02:13", "text": "much higher. All right guys,"}, {"start": "00:02:13", "end": "00:02:14", "text": "nevertheless, even though I was"}, {"start": "00:02:14", "end": "00:02:16", "text": "expecting the market to eventually go to"}, {"start": "00:02:16", "end": "00:02:18", "text": "6,700 in the next several months, I was"}, {"start": "00:02:18", "end": "00:02:20", "text": "not really expecting the move to occur"}, {"start": "00:02:20", "end": "00:02:22", "text": "so quickly in such a short space of"}, {"start": "00:02:22", "end": "00:02:24", "text": "time. By the way, guys, let me just show"}, {"start": "00:02:24", "end": "00:02:25", "text": "you this. I'm going to take you inside"}, {"start": "00:02:25", "end": "00:02:27", "text": "uh this building here. Uh let's go in"}, {"start": "00:02:27", "end": "00:02:30", "text": "here and talk about the markets. Um so"}, {"start": "00:02:30", "end": "00:02:32", "text": "as I was saying the markets uh the"}, {"start": "00:02:32", "end": "00:02:34", "text": "movement which occurred from April all"}, {"start": "00:02:34", "end": "00:02:38", "text": "the way to October and November u has"}, {"start": "00:02:38", "end": "00:02:40", "text": "been extraordinary as Manuel Blight"}, {"start": "00:02:40", "end": "00:02:42", "text": "quoted Jack Shanip recently uh he said"}, {"start": "00:02:42", "end": "00:02:43", "text": "that everything in the markets happening"}, {"start": "00:02:43", "end": "00:02:45", "text": "so fast now so for example the the drop"}, {"start": "00:02:45", "end": "00:02:48", "text": "that occurred uh back in the spring uh"}, {"start": "00:02:48", "end": "00:02:50", "text": "in the March April period was extremely"}, {"start": "00:02:50", "end": "00:02:52", "text": "fast just a matter of a few weeks and"}, {"start": "00:02:52", "end": "00:02:54", "text": "the rally that occurred from April has"}, {"start": "00:02:54", "end": "00:02:57", "text": "also been extremely fast as well so just"}, {"start": "00:02:57", "end": "00:02:59", "text": "being honest with you guys I wasn't"}, {"start": "00:02:59", "end": "00:03:00", "text": "wasn't expecting the stock market rally"}, {"start": "00:03:00", "end": "00:03:02", "text": "to occur in such a swift and rapid"}, {"start": "00:03:02", "end": "00:03:05", "text": "fashion as it did because again these"}, {"start": "00:03:05", "end": "00:03:07", "text": "kind of movements are so untypical."}, {"start": "00:03:07", "end": "00:03:09", "text": "They're so improbable but sometimes the"}, {"start": "00:03:09", "end": "00:03:12", "text": "less probable path does occur. Uh by the"}, {"start": "00:03:12", "end": "00:03:13", "text": "way guys let me just show you this. This"}, {"start": "00:03:13", "end": "00:03:14", "text": "is an amazing view. I don't know if you"}, {"start": "00:03:14", "end": "00:03:16", "text": "can see this but just uh take a look at"}, {"start": "00:03:16", "end": "00:03:18", "text": "this behind me. Just beautiful building."}, {"start": "00:03:18", "end": "00:03:20", "text": "Now just keeping things simple this"}, {"start": "00:03:20", "end": "00:03:22", "text": "pattern that's occurring here uh at the"}, {"start": "00:03:22", "end": "00:03:24", "text": "moment in the market. Uh the market just"}, {"start": "00:03:24", "end": "00:03:26", "text": "recently reached a new high. The market"}, {"start": "00:03:26", "end": "00:03:27", "text": "just recently reached this level. Now,"}, {"start": "00:03:27", "end": "00:03:29", "text": "in my personal view, uh there's a lot of"}, {"start": "00:03:29", "end": "00:03:31", "text": "data that suggests that the market could"}, {"start": "00:03:31", "end": "00:03:34", "text": "see indeed a move or some kind of a drop"}, {"start": "00:03:34", "end": "00:03:36", "text": "that could take out the lows or at least"}, {"start": "00:03:36", "end": "00:03:39", "text": "come and retest the lows of October. So,"}, {"start": "00:03:39", "end": "00:03:40", "text": "that's what I think is quite likely. For"}, {"start": "00:03:40", "end": "00:03:42", "text": "example, this rally that occurred, this"}, {"start": "00:03:42", "end": "00:03:44", "text": "most recent uh rally in the market, we"}, {"start": "00:03:44", "end": "00:03:46", "text": "can see that it actually occurred with"}, {"start": "00:03:46", "end": "00:03:48", "text": "negative divergence. So, we're seeing a"}, {"start": "00:03:48", "end": "00:03:49", "text": "negative divergence there on the chart."}, {"start": "00:03:49", "end": "00:03:52", "text": "Also the sentiment the sentiment at the"}, {"start": "00:03:52", "end": "00:03:53", "text": "moment here on the stock market is"}, {"start": "00:03:53", "end": "00:03:55", "text": "extremely over bullish and over"}, {"start": "00:03:55", "end": "00:03:57", "text": "optimistic which is typically a"}, {"start": "00:03:57", "end": "00:03:59", "text": "contrarian indicator. So the stock"}, {"start": "00:03:59", "end": "00:04:01", "text": "market here the S&P made a high. I'm"}, {"start": "00:04:01", "end": "00:04:03", "text": "actually seeing this rally as part of a"}, {"start": "00:04:03", "end": "00:04:05", "text": "Bwave. So if we have that low that we"}, {"start": "00:04:05", "end": "00:04:08", "text": "made in October as an Awave down then"}, {"start": "00:04:08", "end": "00:04:10", "text": "this recent rally is likely a B wave"}, {"start": "00:04:10", "end": "00:04:12", "text": "which means what? which means that quite"}, {"start": "00:04:12", "end": "00:04:14", "text": "likely uh once we break support and in"}, {"start": "00:04:14", "end": "00:04:16", "text": "other words once we break the next near"}, {"start": "00:04:16", "end": "00:04:18", "text": "support level uh I think we can actually"}, {"start": "00:04:18", "end": "00:04:20", "text": "be dealing with a C-wave drop towards"}, {"start": "00:04:20", "end": "00:04:22", "text": "that low we made in October. In other"}, {"start": "00:04:22", "end": "00:04:23", "text": "words, that level you see right there"}, {"start": "00:04:23", "end": "00:04:27", "text": "just near 6,550 on the S&P. Okay. So I"}, {"start": "00:04:27", "end": "00:04:29", "text": "think that low in October is going to be"}, {"start": "00:04:29", "end": "00:04:31", "text": "retested. So in other words, I think the"}, {"start": "00:04:31", "end": "00:04:32", "text": "S&P is getting ready now for another"}, {"start": "00:04:32", "end": "00:04:35", "text": "decline, another drop to retest that low"}, {"start": "00:04:35", "end": "00:04:37", "text": "we made in October and quite likely take"}, {"start": "00:04:37", "end": "00:04:39", "text": "it out. As I mentioned earlier, uh we're"}, {"start": "00:04:39", "end": "00:04:41", "text": "dealing with an ABC type correction. So"}, {"start": "00:04:41", "end": "00:04:44", "text": "again, Awave down. That was the October"}, {"start": "00:04:44", "end": "00:04:47", "text": "drop. And then this recent rally, that's"}, {"start": "00:04:47", "end": "00:04:49", "text": "the Bwave. And as we know, B waves are"}, {"start": "00:04:49", "end": "00:04:52", "text": "typically bull traps. Uh as I think this"}, {"start": "00:04:52", "end": "00:04:54", "text": "was as well. So a false break. So in"}, {"start": "00:04:54", "end": "00:04:56", "text": "other words, a false rally or a false"}, {"start": "00:04:56", "end": "00:04:58", "text": "break typically are B waves. In other"}, {"start": "00:04:58", "end": "00:05:00", "text": "words, I'm looking for another decline,"}, {"start": "00:05:00", "end": "00:05:03", "text": "a drop down uh as part of a C-wave to go"}, {"start": "00:05:03", "end": "00:05:06", "text": "down and retest. there was retouch that"}, {"start": "00:05:06", "end": "00:05:09", "text": "low that we made in October um just near"}, {"start": "00:05:09", "end": "00:05:13", "text": "6550 and yes take that level out sorry I"}, {"start": "00:05:13", "end": "00:05:14", "text": "know I'm repeating this point again but"}, {"start": "00:05:14", "end": "00:05:16", "text": "uh I think it's important just to"}, {"start": "00:05:16", "end": "00:05:18", "text": "mention that in in this given context"}, {"start": "00:05:18", "end": "00:05:20", "text": "but guys listen even if we're dealing"}, {"start": "00:05:20", "end": "00:05:21", "text": "with a correction uh some kind of"}, {"start": "00:05:21", "end": "00:05:23", "text": "consolidation uh for a while for the"}, {"start": "00:05:23", "end": "00:05:25", "text": "next few weeks as part of an ABC"}, {"start": "00:05:25", "end": "00:05:27", "text": "correction uh which by the way is by no"}, {"start": "00:05:27", "end": "00:05:29", "text": "means surprising because after this"}, {"start": "00:05:29", "end": "00:05:32", "text": "major rally from April to October uh I"}, {"start": "00:05:32", "end": "00:05:34", "text": "think some kind of consolidation some"}, {"start": "00:05:34", "end": "00:05:36", "text": "kind of pullback back uh some kind of a"}, {"start": "00:05:36", "end": "00:05:37", "text": "retracement, some correction, whatever"}, {"start": "00:05:37", "end": "00:05:39", "text": "you want to call it, is to be expected."}, {"start": "00:05:39", "end": "00:05:41", "text": "And by the way, Jason Garder of"}, {"start": "00:05:41", "end": "00:05:42", "text": "Sentiment Trader recently mentioned that"}, {"start": "00:05:42", "end": "00:05:45", "text": "the there are potential headwinds, some"}, {"start": "00:05:45", "end": "00:05:47", "text": "potential risk for the stock market. Uh"}, {"start": "00:05:47", "end": "00:05:49", "text": "again, not for a crash or anything like"}, {"start": "00:05:49", "end": "00:05:50", "text": "that, not for a reversal in trend. No,"}, {"start": "00:05:50", "end": "00:05:52", "text": "no, just some kind of a temporary"}, {"start": "00:05:52", "end": "00:05:54", "text": "correction, which by the way is way"}, {"start": "00:05:54", "end": "00:05:56", "text": "overdue. Now, I know some of you"}, {"start": "00:05:56", "end": "00:05:57", "text": "probably saying right now, Allesio, you"}, {"start": "00:05:57", "end": "00:05:59", "text": "said there'd be a correction or pullback"}, {"start": "00:05:59", "end": "00:06:01", "text": "some months ago. It's quite true, guys."}, {"start": "00:06:01", "end": "00:06:04", "text": "Look, as I said, as analysts, we try our"}, {"start": "00:06:04", "end": "00:06:06", "text": "best to give you a reliable and good"}, {"start": "00:06:06", "end": "00:06:08", "text": "analysis. But look, we're human beings"}, {"start": "00:06:08", "end": "00:06:10", "text": "and we don't have a crystal ball. We"}, {"start": "00:06:10", "end": "00:06:11", "text": "can't see the future. We have to stick"}, {"start": "00:06:11", "end": "00:06:13", "text": "to our rules of analysis. And yes,"}, {"start": "00:06:13", "end": "00:06:14", "text": "sometimes the markets throw us a"}, {"start": "00:06:14", "end": "00:06:16", "text": "curveball and they do things which we"}, {"start": "00:06:16", "end": "00:06:18", "text": "don't expect where they just continue"}, {"start": "00:06:18", "end": "00:06:20", "text": "going without any kind of a pullback or"}, {"start": "00:06:20", "end": "00:06:23", "text": "correction has happened from April to"}, {"start": "00:06:23", "end": "00:06:24", "text": "October. So yes, sometimes the markets"}, {"start": "00:06:24", "end": "00:06:27", "text": "do things which humble and humiliate"}, {"start": "00:06:27", "end": "00:06:29", "text": "analysts like myself and that is because"}, {"start": "00:06:29", "end": "00:06:30", "text": "the markets are inherently"}, {"start": "00:06:30", "end": "00:06:33", "text": "unpredictable, nonlinear and chaotic as"}, {"start": "00:06:33", "end": "00:06:34", "text": "I mentioned earlier. All right guys,"}, {"start": "00:06:34", "end": "00:06:35", "text": "thank you very much for watching this"}, {"start": "00:06:35", "end": "00:06:36", "text": "video. Let me just make a very special"}, {"start": "00:06:36", "end": "00:06:38", "text": "announcement for you. For the very first"}, {"start": "00:06:38", "end": "00:06:39", "text": "time, my good friend and trader Charlie"}, {"start": "00:06:39", "end": "00:06:41", "text": "Burton and I are doing together an"}, {"start": "00:06:41", "end": "00:06:44", "text": "online class, a special one-day online"}, {"start": "00:06:44", "end": "00:06:46", "text": "class on trading and analysis. We"}, {"start": "00:06:46", "end": "00:06:47", "text": "haven't done a joint class together."}, {"start": "00:06:47", "end": "00:06:48", "text": "That's why it's going to be very special"}, {"start": "00:06:48", "end": "00:06:50", "text": "and important. And in this special"}, {"start": "00:06:50", "end": "00:06:51", "text": "class, we're going to be sharing with"}, {"start": "00:06:51", "end": "00:06:53", "text": "you key techniques and methods as to"}, {"start": "00:06:53", "end": "00:06:55", "text": "what is working now and what is likely"}, {"start": "00:06:55", "end": "00:06:57", "text": "to work in 2026 when it comes to trading"}, {"start": "00:06:57", "end": "00:06:58", "text": "and analysis. So, you're going to be"}, {"start": "00:06:58", "end": "00:06:59", "text": "learning in this online class, for"}, {"start": "00:06:59", "end": "00:07:01", "text": "example, key techniques and methods for"}, {"start": "00:07:01", "end": "00:07:03", "text": "trading that Charlie himself uses in"}, {"start": "00:07:03", "end": "00:07:05", "text": "everyday trading. So, Charlie Burton is"}, {"start": "00:07:05", "end": "00:07:06", "text": "going to be sharing with you some of the"}, {"start": "00:07:06", "end": "00:07:08", "text": "key techniques and strategies he uses"}, {"start": "00:07:08", "end": "00:07:10", "text": "every day in his trading and analysis."}, {"start": "00:07:10", "end": "00:07:11", "text": "And I'll be covering for you in this"}, {"start": "00:07:11", "end": "00:07:13", "text": "educational class key techniques and"}, {"start": "00:07:13", "end": "00:07:16", "text": "strategies for time analysis, plus also"}, {"start": "00:07:16", "end": "00:07:17", "text": "multiple time frame analysis and also"}, {"start": "00:07:17", "end": "00:07:19", "text": "how to spot powerful momentum moves"}, {"start": "00:07:19", "end": "00:07:21", "text": "before they actually happen and take"}, {"start": "00:07:21", "end": "00:07:22", "text": "shape. And also Charlie and I going to"}, {"start": "00:07:22", "end": "00:07:24", "text": "be covering the key mistakes to avoid"}, {"start": "00:07:24", "end": "00:07:26", "text": "when doing trading analysis. And by the"}, {"start": "00:07:26", "end": "00:07:27", "text": "way, the class comes with a 30-day money"}, {"start": "00:07:27", "end": "00:07:29", "text": "back guarantee. So, we're taking all the"}, {"start": "00:07:29", "end": "00:07:30", "text": "risk. All right, guys. Thank you very"}, {"start": "00:07:30", "end": "00:07:32", "text": "much indeed for watching this video. So,"}, {"start": "00:07:32", "end": "00:07:33", "text": "I look forward to seeing you in the next"}, {"start": "00:07:33", "end": "00:07:34", "text": "video update and I look forward to"}, {"start": "00:07:34", "end": "00:07:35", "text": "seeing you guys in the online class."}, {"start": "00:07:35", "end": "00:07:39", "text": "Thanks a lot."}, {"start": "00:07:40", "end": "00:07:53", "text": "[Music]"}, {"start": "00:08:00", "end": "00:08:02", "text": "I'm"}]

[{"start": "00:00:00", "end": "00:00:01", "text": "Hey guys, hope you're well. Welcome to"}, {"start": "00:00:01", "end": "00:00:03", "text": "this video update on Bitcoin. So, in"}, {"start": "00:00:03", "end": "00:00:04", "text": "this video, we're going to take a look"}, {"start": "00:00:04", "end": "00:00:06", "text": "at chart of Bitcoin and examine what"}, {"start": "00:00:06", "end": "00:00:08", "text": "could be happening on this crypto and"}, {"start": "00:00:08", "end": "00:00:10", "text": "what are the charts telling us about"}, {"start": "00:00:10", "end": "00:00:11", "text": "Bitcoin for the remainder of this year."}, {"start": "00:00:11", "end": "00:00:13", "text": "Should be quite interesting, guys. Join"}, {"start": "00:00:13", "end": "00:00:16", "text": "me."}, {"start": "00:00:21", "end": "00:00:22", "text": "All right, guys. Welcome back. And"}, {"start": "00:00:22", "end": "00:00:24", "text": "before we talk about Bitcoin and the"}, {"start": "00:00:24", "end": "00:00:26", "text": "charts, I want to first of all say good"}, {"start": "00:00:26", "end": "00:00:28", "text": "cuz I'm here in Munich in Munin. I've"}, {"start": "00:00:28", "end": "00:00:30", "text": "never been to Munich before, so it's"}, {"start": "00:00:30", "end": "00:00:31", "text": "quite an experience just going around"}, {"start": "00:00:31", "end": "00:00:33", "text": "and seeing some of the amazing"}, {"start": "00:00:33", "end": "00:00:36", "text": "architecture, as they say in Germany,"}, {"start": "00:00:36", "end": "00:00:37", "text": "townly. All right, guys, let's talk"}, {"start": "00:00:37", "end": "00:00:38", "text": "about Bitcoin. And I'm sure some of you"}, {"start": "00:00:38", "end": "00:00:40", "text": "probably wondering, I haven't made a"}, {"start": "00:00:40", "end": "00:00:41", "text": "video for some time, and that's because"}, {"start": "00:00:41", "end": "00:00:42", "text": "I want to take a break from YouTube. All"}, {"start": "00:00:42", "end": "00:00:44", "text": "right, guys, let's talk about Bitcoin."}, {"start": "00:00:44", "end": "00:00:45", "text": "Now, let's take a walk here as well"}, {"start": "00:00:45", "end": "00:00:47", "text": "while I'm talking. Some of you probably"}, {"start": "00:00:47", "end": "00:00:48", "text": "know that one of the most important"}, {"start": "00:00:48", "end": "00:00:50", "text": "things I consider when we look at the"}, {"start": "00:00:50", "end": "00:00:52", "text": "the charts. And the reason why we look"}, {"start": "00:00:52", "end": "00:00:54", "text": "at the charts is because I believe in"}, {"start": "00:00:54", "end": "00:00:57", "text": "three German words which is price uber"}, {"start": "00:00:57", "end": "00:01:00", "text": "alas. Price Uber Alice simply means"}, {"start": "00:01:00", "end": "00:01:02", "text": "price over everything. Price above"}, {"start": "00:01:02", "end": "00:01:03", "text": "everything. Why? Because price often"}, {"start": "00:01:03", "end": "00:01:05", "text": "reveals to us the psychology of the"}, {"start": "00:01:05", "end": "00:01:07", "text": "herd, the psychology of the crowd. And"}, {"start": "00:01:07", "end": "00:01:09", "text": "what generally traders and investors out"}, {"start": "00:01:09", "end": "00:01:11", "text": "there are thinking and the reason is"}, {"start": "00:01:11", "end": "00:01:13", "text": "what people do and how people act often"}, {"start": "00:01:13", "end": "00:01:16", "text": "leaves a trace. It leaves its mark on"}, {"start": "00:01:16", "end": "00:01:18", "text": "the markets on the price action. And"}, {"start": "00:01:18", "end": "00:01:19", "text": "that's why it's important for us to pay"}, {"start": "00:01:19", "end": "00:01:20", "text": "attention to it. And that's why we say"}, {"start": "00:01:20", "end": "00:01:22", "text": "price uber Alice. In other words, price"}, {"start": "00:01:22", "end": "00:01:24", "text": "above everything as opposed to"}, {"start": "00:01:24", "end": "00:01:25", "text": "fundamentals and the news, all that"}, {"start": "00:01:25", "end": "00:01:27", "text": "garbage which we don't need. All right,"}, {"start": "00:01:27", "end": "00:01:29", "text": "guys. So, what have we seen in Bitcoin"}, {"start": "00:01:29", "end": "00:01:31", "text": "so far? We've seen a nice pullback."}, {"start": "00:01:31", "end": "00:01:33", "text": "We've seen a nice correction down"}, {"start": "00:01:33", "end": "00:01:35", "text": "towards the 200 moving average on the"}, {"start": "00:01:35", "end": "00:01:37", "text": "daily chart. And also on the weekly time"}, {"start": "00:01:37", "end": "00:01:40", "text": "frame, we have a pullback to the 21 34"}, {"start": "00:01:40", "end": "00:01:42", "text": "exponential moving averages, which are"}, {"start": "00:01:42", "end": "00:01:45", "text": "key levels of support. Uh, as we know,"}, {"start": "00:01:45", "end": "00:01:47", "text": "by the way, this decline that we saw on"}, {"start": "00:01:47", "end": "00:01:48", "text": "Bitcoin is something we actually"}, {"start": "00:01:48", "end": "00:01:50", "text": "mentioned in the members video. So, if"}, {"start": "00:01:50", "end": "00:01:51", "text": "you if you watch the members video, I"}, {"start": "00:01:51", "end": "00:01:53", "text": "mentioned that Bitcoin could like to be"}, {"start": "00:01:53", "end": "00:01:55", "text": "forming some kind of an ABC pattern. And"}, {"start": "00:01:55", "end": "00:01:57", "text": "this would be a potential Bwave and then"}, {"start": "00:01:57", "end": "00:02:00", "text": "a potential C-wave into this region of"}, {"start": "00:02:00", "end": "00:02:02", "text": "support between 102 to 100K. But that's"}, {"start": "00:02:02", "end": "00:02:05", "text": "only if Bitcoin were to drop in a"}, {"start": "00:02:05", "end": "00:02:08", "text": "sustained way below 118K and 116K. Then"}, {"start": "00:02:08", "end": "00:02:11", "text": "downside risk increases for a C-wave"}, {"start": "00:02:11", "end": "00:02:13", "text": "down into these levels. And that indeed"}, {"start": "00:02:13", "end": "00:02:15", "text": "appears to be now what Bitcoin is"}, {"start": "00:02:15", "end": "00:02:18", "text": "forming here, a larger ABC pattern. So"}, {"start": "00:02:18", "end": "00:02:19", "text": "that's why we always need to analyze"}, {"start": "00:02:19", "end": "00:02:20", "text": "risk. All right, guys. So again, that's"}, {"start": "00:02:20", "end": "00:02:22", "text": "a good example of why we look at"}, {"start": "00:02:22", "end": "00:02:24", "text": "technicals and Elliot waves because uh"}, {"start": "00:02:24", "end": "00:02:26", "text": "they often reveal to us key specific"}, {"start": "00:02:26", "end": "00:02:28", "text": "patterns on the charts that can help us."}, {"start": "00:02:28", "end": "00:02:29", "text": "And by the way, in case you're not"}, {"start": "00:02:29", "end": "00:02:31", "text": "familiar with ABC patterns and Elliot"}, {"start": "00:02:31", "end": "00:02:33", "text": "wave theory, that simply means that very"}, {"start": "00:02:33", "end": "00:02:35", "text": "likely we're dealing with a correction"}, {"start": "00:02:35", "end": "00:02:38", "text": "on Bitcoin, not some kind of a crash or"}, {"start": "00:02:38", "end": "00:02:40", "text": "some kind of a reversal in trend. I"}, {"start": "00:02:40", "end": "00:02:41", "text": "don't think Bitcoin has topped for the"}, {"start": "00:02:41", "end": "00:02:43", "text": "long term. I think we still have another"}, {"start": "00:02:43", "end": "00:02:45", "text": "higher high to go. So I think once this"}, {"start": "00:02:45", "end": "00:02:47", "text": "corrective pattern completes then I"}, {"start": "00:02:47", "end": "00:02:48", "text": "think with a very high probability we"}, {"start": "00:02:48", "end": "00:02:50", "text": "could see higher levels. By the way, let"}, {"start": "00:02:50", "end": "00:02:51", "text": "me just show you this. This is a very"}, {"start": "00:02:51", "end": "00:02:54", "text": "famous building in front of me. And uh"}, {"start": "00:02:54", "end": "00:02:56", "text": "I'll mention this. By the way, this was"}, {"start": "00:02:56", "end": "00:02:59", "text": "a this famous building in 1938, the"}, {"start": "00:02:59", "end": "00:03:00", "text": "prime minister of Great Britain,"}, {"start": "00:03:00", "end": "00:03:02", "text": "Chamberlain, met another key figure in"}, {"start": "00:03:02", "end": "00:03:03", "text": "Germany. Some of you who know your"}, {"start": "00:03:03", "end": "00:03:04", "text": "history, you probably know what I'm"}, {"start": "00:03:04", "end": "00:03:06", "text": "talking about. The famous agreement of"}, {"start": "00:03:06", "end": "00:03:08", "text": "peace in our time, as they call it. All"}, {"start": "00:03:08", "end": "00:03:09", "text": "right, guys. So, at the moment, as I'm"}, {"start": "00:03:09", "end": "00:03:10", "text": "making this video, Bitcoin has had a"}, {"start": "00:03:10", "end": "00:03:12", "text": "contact with the 200 daily moving"}, {"start": "00:03:12", "end": "00:03:15", "text": "average and the 34 weekly moving"}, {"start": "00:03:15", "end": "00:03:16", "text": "average. Currently, as I'm making this"}, {"start": "00:03:16", "end": "00:03:18", "text": "video, Bitcoin is above the 200 daily"}, {"start": "00:03:18", "end": "00:03:19", "text": "moving average. By the way, I should say"}, {"start": "00:03:19", "end": "00:03:20", "text": "there are some analysts who are saying"}, {"start": "00:03:20", "end": "00:03:22", "text": "that Bitcoin is topped for the long"}, {"start": "00:03:22", "end": "00:03:24", "text": "term. I got to be honest with you guys,"}, {"start": "00:03:24", "end": "00:03:25", "text": "I don't agree with them. I don't think"}, {"start": "00:03:25", "end": "00:03:27", "text": "Bitcoin is topped for the long term. I'm"}, {"start": "00:03:27", "end": "00:03:28", "text": "still remaining bullish for Bitcoin, at"}, {"start": "00:03:28", "end": "00:03:30", "text": "least for the next 6 to 12 months. So,"}, {"start": "00:03:30", "end": "00:03:32", "text": "personally, I think that in the next"}, {"start": "00:03:32", "end": "00:03:33", "text": "several months, either by the end of"}, {"start": "00:03:33", "end": "00:03:35", "text": "this year or going into next year,"}, {"start": "00:03:35", "end": "00:03:38", "text": "Bitcoin could likely move into the 140K"}, {"start": "00:03:38", "end": "00:03:40", "text": "to 150K range and perhaps even higher."}, {"start": "00:03:40", "end": "00:03:42", "text": "That still seems to be more likely. So,"}, {"start": "00:03:42", "end": "00:03:44", "text": "I'm not in the bearish camp. Uh while"}, {"start": "00:03:44", "end": "00:03:45", "text": "some people are. But in any case, what"}, {"start": "00:03:45", "end": "00:03:48", "text": "we're seeing so far is a move, in other"}, {"start": "00:03:48", "end": "00:03:50", "text": "words, a correction or decline or a"}, {"start": "00:03:50", "end": "00:03:52", "text": "pullback to the 200 day moving average,"}, {"start": "00:03:52", "end": "00:03:54", "text": "which is a key level of support, which"}, {"start": "00:03:54", "end": "00:03:56", "text": "has so far held the price of Bitcoin."}, {"start": "00:03:56", "end": "00:03:57", "text": "And of course, very importantly, we had"}, {"start": "00:03:57", "end": "00:04:00", "text": "a pullback to the 21 and 34 weekly"}, {"start": "00:04:00", "end": "00:04:02", "text": "moving averages, which by the way often"}, {"start": "00:04:02", "end": "00:04:05", "text": "happens in uptrends. If we look at the"}, {"start": "00:04:05", "end": "00:04:06", "text": "previous major uptrend that we had from"}, {"start": "00:04:06", "end": "00:04:09", "text": "about 2015 2018, as you can see here,"}, {"start": "00:04:09", "end": "00:04:12", "text": "had many pullbacks, the 21 and the 34"}, {"start": "00:04:12", "end": "00:04:13", "text": "moving averages. But at the moment, as"}, {"start": "00:04:13", "end": "00:04:15", "text": "I'm making this video here in Munich, I"}, {"start": "00:04:15", "end": "00:04:16", "text": "don't see any evidence that tells us"}, {"start": "00:04:16", "end": "00:04:18", "text": "that Bitcoin has topped for the long"}, {"start": "00:04:18", "end": "00:04:20", "text": "term. And I don't see anything out there"}, {"start": "00:04:20", "end": "00:04:22", "text": "that tells us the trend has reversed on"}, {"start": "00:04:22", "end": "00:04:25", "text": "Bitcoin into a downtrend. No. as I'm as"}, {"start": "00:04:25", "end": "00:04:27", "text": "I'm seeing it right now, the signs are"}, {"start": "00:04:27", "end": "00:04:29", "text": "indicating we're still in an uptrend in"}, {"start": "00:04:29", "end": "00:04:31", "text": "a bullish uptrend. And as I said, I"}, {"start": "00:04:31", "end": "00:04:33", "text": "still think that the odds favor a"}, {"start": "00:04:33", "end": "00:04:36", "text": "continuationist rally towards 140k to"}, {"start": "00:04:36", "end": "00:04:38", "text": "150k range in the next several months."}, {"start": "00:04:38", "end": "00:04:39", "text": "Again, doesn't have to happen"}, {"start": "00:04:39", "end": "00:04:40", "text": "immediately, but I think in the next"}, {"start": "00:04:40", "end": "00:04:43", "text": "several months by the end of this year,"}, {"start": "00:04:43", "end": "00:04:47", "text": "it's quite probable as I say in Germany."}, {"start": "00:04:47", "end": "00:04:49", "text": "There's a probability. So what we need"}, {"start": "00:04:49", "end": "00:04:52", "text": "uh in German uh we are brahen uh ina"}, {"start": "00:04:52", "end": "00:04:53", "text": "rally I don't know how you say how do"}, {"start": "00:04:53", "end": "00:04:55", "text": "you say rally in German by the way guys"}, {"start": "00:04:55", "end": "00:04:56", "text": "one more thing I need to mention here is"}, {"start": "00:04:56", "end": "00:04:57", "text": "I'm not trying to say I got everything"}, {"start": "00:04:57", "end": "00:04:59", "text": "right regarding the markets no I haven't"}, {"start": "00:04:59", "end": "00:05:00", "text": "I'll cover that in a separate video for"}, {"start": "00:05:00", "end": "00:05:03", "text": "you uh but as far as Bitcoin's concerned"}, {"start": "00:05:03", "end": "00:05:05", "text": "you know uh I'm still seeing this as a"}, {"start": "00:05:05", "end": "00:05:08", "text": "healthy pullback uh to the averages to"}, {"start": "00:05:08", "end": "00:05:09", "text": "be followed by a continuation the"}, {"start": "00:05:09", "end": "00:05:10", "text": "uptrend by the way I should say I'm"}, {"start": "00:05:10", "end": "00:05:12", "text": "using the time I'm here in Germany to"}, {"start": "00:05:12", "end": "00:05:14", "text": "actually improve my German so at the"}, {"start": "00:05:14", "end": "00:05:16", "text": "moment uh I've been reading this book by"}, {"start": "00:05:16", "end": "00:05:18", "text": "the German poet Hilderlin with some"}, {"start": "00:05:18", "end": "00:05:20", "text": "amazing beautiful verses uh and poems."}, {"start": "00:05:20", "end": "00:05:22", "text": "One poem I'm reading right now is called"}, {"start": "00:05:22", "end": "00:05:23", "text": "Zeitgeist. And one more thing guys, as"}, {"start": "00:05:23", "end": "00:05:26", "text": "we know seasonality for Bitcoin is"}, {"start": "00:05:26", "end": "00:05:28", "text": "actually quite positive and bullish from"}, {"start": "00:05:28", "end": "00:05:30", "text": "the period from the end of October to"}, {"start": "00:05:30", "end": "00:05:32", "text": "the end of the year. So usually the"}, {"start": "00:05:32", "end": "00:05:35", "text": "period from I would say end of October"}, {"start": "00:05:35", "end": "00:05:37", "text": "or November all the way to December and"}, {"start": "00:05:37", "end": "00:05:39", "text": "then going to the new year typically is"}, {"start": "00:05:39", "end": "00:05:42", "text": "a bullish positive period for the crypto"}, {"start": "00:05:42", "end": "00:05:44", "text": "for Bitcoin. So as you can see here on"}, {"start": "00:05:44", "end": "00:05:46", "text": "this chart as well. So that's another"}, {"start": "00:05:46", "end": "00:05:48", "text": "factor going positive or well for"}, {"start": "00:05:48", "end": "00:05:51", "text": "Bitcoin. So I think it' be unwise to bet"}, {"start": "00:05:51", "end": "00:05:53", "text": "against Bitcoin in that period. Again,"}, {"start": "00:05:53", "end": "00:05:55", "text": "typically that period of November to the"}, {"start": "00:05:55", "end": "00:05:57", "text": "end of the year, December. Uh, of"}, {"start": "00:05:57", "end": "00:05:59", "text": "course, there may be volatility. Uh,"}, {"start": "00:05:59", "end": "00:06:01", "text": "there may potentially be a bit more up"}, {"start": "00:06:01", "end": "00:06:02", "text": "and downs here, but overall, I think"}, {"start": "00:06:02", "end": "00:06:04", "text": "that uh by the end of this year going to"}, {"start": "00:06:04", "end": "00:06:05", "text": "next year, I think there's a good"}, {"start": "00:06:05", "end": "00:06:08", "text": "probability, a good vashalish kite for"}, {"start": "00:06:08", "end": "00:06:10", "text": "new all-time highs on Bitcoin. All"}, {"start": "00:06:10", "end": "00:06:11", "text": "right, guys. Thank you very much for"}, {"start": "00:06:11", "end": "00:06:12", "text": "watching this video. Let me just make a"}, {"start": "00:06:12", "end": "00:06:13", "text": "very special announcement for you. For"}, {"start": "00:06:13", "end": "00:06:15", "text": "the very first time, my good friend and"}, {"start": "00:06:15", "end": "00:06:17", "text": "trader Charlie Burton and I are doing"}, {"start": "00:06:17", "end": "00:06:19", "text": "together an online class, a special"}, {"start": "00:06:19", "end": "00:06:21", "text": "one-day online class on trading and"}, {"start": "00:06:21", "end": "00:06:23", "text": "analysis. We haven't done a joint class"}, {"start": "00:06:23", "end": "00:06:24", "text": "together. That's why it's going to be"}, {"start": "00:06:24", "end": "00:06:26", "text": "very special and important. And in this"}, {"start": "00:06:26", "end": "00:06:27", "text": "special class, we're going to be sharing"}, {"start": "00:06:27", "end": "00:06:29", "text": "with you key techniques and methods as"}, {"start": "00:06:29", "end": "00:06:31", "text": "to what is working now and what is"}, {"start": "00:06:31", "end": "00:06:33", "text": "likely to work in 2026 when it comes to"}, {"start": "00:06:33", "end": "00:06:34", "text": "trading and analysis. So, you're going"}, {"start": "00:06:34", "end": "00:06:36", "text": "to be learning in this online class, for"}, {"start": "00:06:36", "end": "00:06:37", "text": "example, key techniques and methods for"}, {"start": "00:06:37", "end": "00:06:39", "text": "trading that Charlie himself uses in"}, {"start": "00:06:39", "end": "00:06:41", "text": "everyday trading. So Charlie Burton is"}, {"start": "00:06:41", "end": "00:06:42", "text": "going to be sharing with you some of the"}, {"start": "00:06:42", "end": "00:06:44", "text": "key techniques and strategies he uses"}, {"start": "00:06:44", "end": "00:06:46", "text": "every day in his trading and analysis."}, {"start": "00:06:46", "end": "00:06:48", "text": "And I'll be covering for you in this"}, {"start": "00:06:48", "end": "00:06:50", "text": "educational class key techniques and"}, {"start": "00:06:50", "end": "00:06:52", "text": "strategies for time analysis, plus also"}, {"start": "00:06:52", "end": "00:06:54", "text": "multiple time frame analysis and also"}, {"start": "00:06:54", "end": "00:06:56", "text": "how to spot powerful momentum moves"}, {"start": "00:06:56", "end": "00:06:57", "text": "before they actually happen and take"}, {"start": "00:06:57", "end": "00:06:58", "text": "shape. And also Charlie and I going to"}, {"start": "00:06:58", "end": "00:07:00", "text": "be covering the key mistakes to avoid"}, {"start": "00:07:00", "end": "00:07:02", "text": "when doing trading analysis. And by the"}, {"start": "00:07:02", "end": "00:07:04", "text": "way, the class comes with a 30-day money"}, {"start": "00:07:04", "end": "00:07:05", "text": "back guarantee. So we're taking all the"}, {"start": "00:07:05", "end": "00:07:06", "text": "risk. All right, guys. Thank you very"}, {"start": "00:07:06", "end": "00:07:08", "text": "much indeed for watching this video. So,"}, {"start": "00:07:08", "end": "00:07:09", "text": "I look forward to seeing you in the next"}, {"start": "00:07:09", "end": "00:07:10", "text": "video update and I look forward to"}, {"start": "00:07:10", "end": "00:07:11", "text": "seeing you guys in the online class."}, {"start": "00:07:11", "end": "00:07:15", "text": "Thanks a lot."}]

[{"end": "00:00:06", "start": "00:00:00", "text": "We're in a major period. The patterns"}, {"end": "00:00:09", "start": "00:00:04", "text": "within patterns are quite phenomenal. I"}, {"end": "00:00:12", "start": "00:00:06", "text": "believe the potential major moves and"}, {"end": "00:00:14", "start": "00:00:09", "text": "the uh the spin-off effects from those"}, {"end": "00:00:16", "start": "00:00:12", "text": "is well worth being aware of."}, {"end": "00:00:19", "start": "00:00:14", "text": "Really, that should have been a"}, {"end": "00:00:22", "start": "00:00:16", "text": "resumption of the trend. So, I call this"}, {"end": "00:00:25", "start": "00:00:19", "text": "a false break. I always say the market"}, {"end": "00:00:27", "start": "00:00:22", "text": "had its chance. It had its chance then"}, {"end": "00:00:29", "start": "00:00:25", "text": "to break out and continue within this"}, {"end": "00:00:31", "start": "00:00:27", "text": "overall trend, but it didn't. Is it"}, {"end": "00:00:33", "start": "00:00:29", "text": "something else is making you bearish?"}, {"end": "00:00:34", "start": "00:00:31", "text": "I would say good. Stick with that."}, {"end": "00:00:36", "start": "00:00:33", "text": "All right, guys. Hello and welcome."}, {"end": "00:00:38", "start": "00:00:34", "text": "We're joined here my good friend Charlie"}, {"end": "00:00:39", "start": "00:00:36", "text": "Burton of charlie burtontrading.com."}, {"end": "00:00:41", "start": "00:00:38", "text": "Charlie wants to mention something which"}, {"end": "00:00:43", "start": "00:00:39", "text": "he considers to be one of the most"}, {"end": "00:00:44", "start": "00:00:41", "text": "important charts you need to be watching"}, {"end": "00:00:46", "start": "00:00:43", "text": "right now for this year because this"}, {"end": "00:00:47", "start": "00:00:44", "text": "could really change everything. This"}, {"end": "00:00:48", "start": "00:00:46", "text": "particular chart is going to show in"}, {"end": "00:00:50", "start": "00:00:47", "text": "this video. I think it's something you"}, {"end": "00:00:52", "start": "00:00:48", "text": "definitely want to pay attention to."}, {"end": "00:00:54", "start": "00:00:50", "text": "This particular market could move a lot"}, {"end": "00:00:55", "start": "00:00:52", "text": "of other key market as well because of"}, {"end": "00:00:57", "start": "00:00:54", "text": "correlation with other key markets."}, {"end": "00:00:59", "start": "00:00:55", "text": "Where guys join us."}, {"end": "00:00:59", "start": "00:00:57", "text": "All"}, {"end": "00:01:06", "start": "00:01:00", "text": "[Music]"}, {"end": "00:01:08", "start": "00:01:04", "text": "right guys, welcome back. Before we"}, {"end": "00:01:09", "start": "00:01:06", "text": "start guys and talk with Charlie, let me"}, {"end": "00:01:11", "start": "00:01:08", "text": "also mention that Charlie has a"}, {"end": "00:01:13", "start": "00:01:09", "text": "fantastic and phenomenal trading"}, {"end": "00:01:16", "start": "00:01:11", "text": "service, his smart signals. There's a"}, {"end": "00:01:17", "start": "00:01:13", "text": "brilliant offer which he only gives our"}, {"end": "00:01:20", "start": "00:01:16", "text": "viewers. So do check out this link that"}, {"end": "00:01:23", "start": "00:01:17", "text": "you see here. It's a 14-day free trial"}, {"end": "00:01:26", "start": "00:01:20", "text": "of his smart signal service. Go to that"}, {"end": "00:01:28", "start": "00:01:23", "text": "link you see right there, bit. /charlie"}, {"end": "00:01:29", "start": "00:01:26", "text": "Burbertton signals. I'll put the link"}, {"end": "00:01:31", "start": "00:01:28", "text": "for you guys in the description and you"}, {"end": "00:01:33", "start": "00:01:29", "text": "get access to everything uh he offers in"}, {"end": "00:01:35", "start": "00:01:31", "text": "that uh smart signal service. And we'll"}, {"end": "00:01:36", "start": "00:01:33", "text": "talk more about this by the way with"}, {"end": "00:01:38", "start": "00:01:35", "text": "Charlie Burton at the end of this video."}, {"end": "00:01:39", "start": "00:01:36", "text": "So make sure you stick around. Charlie,"}, {"end": "00:01:41", "start": "00:01:38", "text": "what is this particular chart Charlie"}, {"end": "00:01:44", "start": "00:01:39", "text": "that you say is so important that we"}, {"end": "00:01:48", "start": "00:01:41", "text": "should keep an eye on it? Why? It's the"}, {"end": "00:01:50", "start": "00:01:44", "text": "dollar. It's money itself. And so, um,"}, {"end": "00:01:53", "start": "00:01:48", "text": "yeah, the dollar index,"}, {"end": "00:01:56", "start": "00:01:50", "text": "the, as you've quite rightly just said,"}, {"end": "00:01:59", "start": "00:01:53", "text": "the spillover effects of what the dollar"}, {"end": "00:02:02", "start": "00:01:56", "text": "does, it affects everything. And so, I"}, {"end": "00:02:04", "start": "00:01:59", "text": "think that we're in a major period going"}, {"end": "00:02:06", "start": "00:02:02", "text": "forward, and I think we already have"}, {"end": "00:02:08", "start": "00:02:04", "text": "been as far as how the dollar's move"}, {"end": "00:02:11", "start": "00:02:06", "text": "moving, especially this year and even"}, {"end": "00:02:13", "start": "00:02:08", "text": "late last year. The patterns within"}, {"end": "00:02:15", "start": "00:02:11", "text": "patterns are quite phenomenal, I"}, {"end": "00:02:18", "start": "00:02:13", "text": "believe, there for the dollar index. And"}, {"end": "00:02:21", "start": "00:02:15", "text": "I think there's some the potential major"}, {"end": "00:02:24", "start": "00:02:18", "text": "moves and the uh the spin-off effects"}, {"end": "00:02:25", "start": "00:02:21", "text": "from those um it's well worth being"}, {"end": "00:02:27", "start": "00:02:24", "text": "aware of"}, {"end": "00:02:29", "start": "00:02:25", "text": "because uh as we know as as our viewers"}, {"end": "00:02:31", "start": "00:02:27", "text": "know uh because our viewers are very"}, {"end": "00:02:33", "start": "00:02:29", "text": "intelligent and sophisticated people"}, {"end": "00:02:36", "start": "00:02:31", "text": "they know that the dollar has a specific"}, {"end": "00:02:38", "start": "00:02:33", "text": "correlation uh an inverse and positive"}, {"end": "00:02:39", "start": "00:02:36", "text": "correlations with other mark other key"}, {"end": "00:02:41", "start": "00:02:38", "text": "markets. For example, dollar has an"}, {"end": "00:02:43", "start": "00:02:39", "text": "usually inverse correlation with gold"}, {"end": "00:02:45", "start": "00:02:41", "text": "metals and an inverse correlation"}, {"end": "00:02:47", "start": "00:02:43", "text": "obviously with key currencies like the"}, {"end": "00:02:49", "start": "00:02:45", "text": "euro, pound and some other key markets"}, {"end": "00:02:50", "start": "00:02:47", "text": "as well, including crude oil as well."}, {"end": "00:02:52", "start": "00:02:49", "text": "Anyway, let's go on to your charts,"}, {"end": "00:02:53", "start": "00:02:50", "text": "Charlie. So, this is obviously going to"}, {"end": "00:02:57", "start": "00:02:52", "text": "be a big mover."}, {"end": "00:02:58", "start": "00:02:53", "text": "A monthly chart. Let me just get this um"}, {"end": "00:03:01", "start": "00:02:57", "text": "about right here. Yeah."}, {"end": "00:03:03", "start": "00:02:58", "text": "So, what I think was fascinating with"}, {"end": "00:03:05", "start": "00:03:01", "text": "the dollar was actually we've got this"}, {"end": "00:03:07", "start": "00:03:03", "text": "wonderful trend channel as you can see"}, {"end": "00:03:10", "start": "00:03:05", "text": "this rising channel. So, it's been"}, {"end": "00:03:13", "start": "00:03:07", "text": "within this rising channel really since"}, {"end": "00:03:15", "start": "00:03:10", "text": "making the lows back in 2008 and then it"}, {"end": "00:03:18", "start": "00:03:13", "text": "made its highs in 2022. That's"}, {"end": "00:03:20", "start": "00:03:15", "text": "significant. One thing to mention, we ha"}, {"end": "00:03:23", "start": "00:03:18", "text": "uh uh the dollar has actually just done"}, {"end": "00:03:25", "start": "00:03:20", "text": "a 38% retracement of that entire move,"}, {"end": "00:03:27", "start": "00:03:23", "text": "but some of the individual currencies"}, {"end": "00:03:29", "start": "00:03:25", "text": "against the dollar have not. So, the"}, {"end": "00:03:32", "start": "00:03:27", "text": "euro has not. The euro would need to go"}, {"end": "00:03:34", "start": "00:03:29", "text": "to 120 in order to do its 38%"}, {"end": "00:03:37", "start": "00:03:32", "text": "retracement. Anyway, let's stay with the"}, {"end": "00:03:41", "start": "00:03:34", "text": "dollar for now. So when we when we"}, {"end": "00:03:44", "start": "00:03:37", "text": "topped in 2020 uh sorry"}, {"end": "00:03:47", "start": "00:03:41", "text": "2022 and then pulled back that was a"}, {"end": "00:03:50", "start": "00:03:44", "text": "classic pullback into this prior price"}, {"end": "00:03:55", "start": "00:03:47", "text": "action here. So all of that's fine. Then"}, {"end": "00:03:56", "start": "00:03:50", "text": "it attempted um to bounce back in 23"}, {"end": "00:03:58", "start": "00:03:55", "text": "here"}, {"end": "00:04:01", "start": "00:03:56", "text": "then pulled back again and then again in"}, {"end": "00:04:04", "start": "00:03:58", "text": "the latter part of last year in 24. Now"}, {"end": "00:04:05", "start": "00:04:01", "text": "at that point I think that's significant"}, {"end": "00:04:09", "start": "00:04:04", "text": "because what actually happened was the"}, {"end": "00:04:11", "start": "00:04:05", "text": "dollar through 23 and mo much of 24 was"}, {"end": "00:04:14", "start": "00:04:09", "text": "rangebound here."}, {"end": "00:04:17", "start": "00:04:11", "text": "It was rangebound and then it broke out."}, {"end": "00:04:20", "start": "00:04:14", "text": "So really that should have been a"}, {"end": "00:04:24", "start": "00:04:17", "text": "resumption of the trend. So I call this"}, {"end": "00:04:24", "start": "00:04:20", "text": "a false break. That's a false break. FB"}, {"end": "00:04:27", "start": "00:04:24", "text": "interesting."}, {"end": "00:04:29", "start": "00:04:24", "text": "That's a false breakout of that prior 18"}, {"end": "00:04:31", "start": "00:04:27", "text": "months range. And the only reason we"}, {"end": "00:04:34", "start": "00:04:29", "text": "know it's a false breakout is because"}, {"end": "00:04:36", "start": "00:04:31", "text": "price then subsequently this year broke"}, {"end": "00:04:39", "start": "00:04:34", "text": "down and then broke the lows down here."}, {"end": "00:04:42", "start": "00:04:36", "text": "So that to me was I always say the"}, {"end": "00:04:44", "start": "00:04:39", "text": "market had its chance. It had its chance"}, {"end": "00:04:47", "start": "00:04:42", "text": "then to break out and continue within"}, {"end": "00:04:49", "start": "00:04:44", "text": "this overall trend but it didn't. So now"}, {"end": "00:04:52", "start": "00:04:47", "text": "don't get me wrong there's a couple of"}, {"end": "00:04:54", "start": "00:04:49", "text": "things to note here. One is that's our"}, {"end": "00:04:56", "start": "00:04:52", "text": "false breakout and that was confirmed"}, {"end": "00:04:58", "start": "00:04:54", "text": "once we broke down here. However, as"}, {"end": "00:05:01", "start": "00:04:56", "text": "people can see, technically the dollar"}, {"end": "00:05:02", "start": "00:04:58", "text": "has come down to the lower rising trend"}, {"end": "00:05:03", "start": "00:05:01", "text": "channel line."}, {"end": "00:05:05", "start": "00:05:02", "text": "Yeah."}, {"end": "00:05:09", "start": "00:05:03", "text": "So, that's still offering support down"}, {"end": "00:05:12", "start": "00:05:05", "text": "here at the moment. Um, however, the way"}, {"end": "00:05:16", "start": "00:05:09", "text": "that I will look at price action is that"}, {"end": "00:05:20", "start": "00:05:12", "text": "the dollar again that this whole 100"}, {"end": "00:05:23", "start": "00:05:16", "text": "level on the chart is a key level. We we"}, {"end": "00:05:25", "start": "00:05:20", "text": "held above it through 23 24. Then we"}, {"end": "00:05:28", "start": "00:05:23", "text": "then we got the false breakout from back"}, {"end": "00:05:31", "start": "00:05:25", "text": "up here and we've broken down. So"}, {"end": "00:05:35", "start": "00:05:28", "text": "technically I always look at price likes"}, {"end": "00:05:37", "start": "00:05:31", "text": "to go to prior highs and prior lows."}, {"end": "00:05:40", "start": "00:05:35", "text": "Simple technical analysis. It gravitates"}, {"end": "00:05:44", "start": "00:05:37", "text": "towards highs and lows. So where's the"}, {"end": "00:05:48", "start": "00:05:40", "text": "next lows for the dollar? Actually"}, {"end": "00:05:51", "start": "00:05:44", "text": "down here around 90 for the dollar. So"}, {"end": "00:05:53", "start": "00:05:48", "text": "longer term, I'm seeing the potential"}, {"end": "00:05:55", "start": "00:05:51", "text": "for a technical break of that channel"}, {"end": "00:05:57", "start": "00:05:53", "text": "cuz we've actually already done a bit of"}, {"end": "00:05:59", "start": "00:05:55", "text": "a breakdown here anyway that I think"}, {"end": "00:06:01", "start": "00:05:57", "text": "this trend channel line has a good"}, {"end": "00:06:04", "start": "00:05:59", "text": "likelihood of getting broken at some"}, {"end": "00:06:07", "start": "00:06:01", "text": "point and then ultimately for the dollar"}, {"end": "00:06:09", "start": "00:06:04", "text": "index to get down to around 90 that"}, {"end": "00:06:11", "start": "00:06:07", "text": "would project something like the euro"}, {"end": "00:06:13", "start": "00:06:09", "text": "well into the 120s. So if the dollar"}, {"end": "00:06:16", "start": "00:06:11", "text": "breaks that channel comes down to those"}, {"end": "00:06:18", "start": "00:06:13", "text": "levels we can see the euro going to"}, {"end": "00:06:18", "start": "00:06:16", "text": "those 120s. If we just have a quick look"}, {"end": "00:06:20", "start": "00:06:18", "text": "at the euro."}, {"end": "00:06:22", "start": "00:06:18", "text": "Yeah. So the equivalent context."}, {"end": "00:06:25", "start": "00:06:20", "text": "Yeah. So that just before I move to the"}, {"end": "00:06:26", "start": "00:06:22", "text": "euro that mean that puts the the the"}, {"end": "00:06:29", "start": "00:06:25", "text": "dollar the dollar's currently around"}, {"end": "00:06:32", "start": "00:06:26", "text": "about 9850 let's call it."}, {"end": "00:06:37", "start": "00:06:29", "text": "Um so to get down to 90 it's 800 pips"}, {"end": "00:06:40", "start": "00:06:32", "text": "lower. So the equivalent of 800 pips on"}, {"end": "00:06:43", "start": "00:06:37", "text": "where the euro is right now would be"}, {"end": "00:06:45", "start": "00:06:40", "text": "funny enough around about 124. Um and"}, {"end": "00:06:48", "start": "00:06:43", "text": "the euro move has got a slightly bigger"}, {"end": "00:06:50", "start": "00:06:45", "text": "range than than the dollar. So it would"}, {"end": "00:06:53", "start": "00:06:48", "text": "put the euro and what's quite nice about"}, {"end": "00:06:56", "start": "00:06:50", "text": "this chart is it would the U it would"}, {"end": "00:06:59", "start": "00:06:53", "text": "put the euro 124 well that that high"}, {"end": "00:07:02", "start": "00:06:56", "text": "there is 12350 and that height there is"}, {"end": "00:07:04", "start": "00:06:59", "text": "about 12550 and that marries up with"}, {"end": "00:07:08", "start": "00:07:02", "text": "this historical"}, {"end": "00:07:10", "start": "00:07:04", "text": "price action going way back. So for the"}, {"end": "00:07:12", "start": "00:07:08", "text": "euro coming all the way back up into"}, {"end": "00:07:15", "start": "00:07:10", "text": "that zone, it would be this old trend"}, {"end": "00:07:18", "start": "00:07:12", "text": "line of mine as well. All coming up into"}, {"end": "00:07:21", "start": "00:07:15", "text": "the mid, you know, closer towards that"}, {"end": "00:07:23", "start": "00:07:18", "text": "125 zone. So it sort of overlaps quite"}, {"end": "00:07:25", "start": "00:07:21", "text": "nicely with if the dollar can get down"}, {"end": "00:07:28", "start": "00:07:23", "text": "to that 90 and it does do that technical"}, {"end": "00:07:30", "start": "00:07:25", "text": "break and it runs down to 90, then I"}, {"end": "00:07:31", "start": "00:07:28", "text": "should be looking towards the euro up"}, {"end": "00:07:34", "start": "00:07:30", "text": "into that zone. Yeah. But if you just go"}, {"end": "00:07:36", "start": "00:07:31", "text": "quickly back to the dollar chart, um the"}, {"end": "00:07:37", "start": "00:07:34", "text": "the interesting thing is I've actually"}, {"end": "00:07:38", "start": "00:07:36", "text": "seen analysts,"}, {"end": "00:07:40", "start": "00:07:37", "text": "even some analysts that I actually"}, {"end": "00:07:42", "start": "00:07:38", "text": "respect, they have completely the"}, {"end": "00:07:44", "start": "00:07:40", "text": "opposite view. Oh, yeah. Because what"}, {"end": "00:07:45", "start": "00:07:42", "text": "what they argue is, and listen, I"}, {"end": "00:07:47", "start": "00:07:44", "text": "personally I actually agree with you. I"}, {"end": "00:07:49", "start": "00:07:45", "text": "think I think that dollar eventually is"}, {"end": "00:07:50", "start": "00:07:47", "text": "going to break down and go lower. But"}, {"end": "00:07:53", "start": "00:07:49", "text": "what they argue is these other analysts"}, {"end": "00:07:54", "start": "00:07:50", "text": "that I've seen uh they say well look the"}, {"end": "00:07:57", "start": "00:07:53", "text": "dollar has come to an important trend"}, {"end": "00:07:59", "start": "00:07:54", "text": "line support that you yeah the lower"}, {"end": "00:08:01", "start": "00:07:57", "text": "channel trend line and they say well it"}, {"end": "00:08:03", "start": "00:07:59", "text": "probably will hold that level and then"}, {"end": "00:08:06", "start": "00:08:01", "text": "rally to new highs."}, {"end": "00:08:07", "start": "00:08:03", "text": "So why is that view wrong in your view?"}, {"end": "00:08:10", "start": "00:08:06", "text": "Is it something else is making you"}, {"end": "00:08:12", "start": "00:08:07", "text": "bearish uh overall? Uh"}, {"end": "00:08:16", "start": "00:08:10", "text": "um there are other pieces of analysis"}, {"end": "00:08:18", "start": "00:08:12", "text": "that that make me bearish as well. Um I"}, {"end": "00:08:20", "start": "00:08:16", "text": "think the to answer the first part of"}, {"end": "00:08:23", "start": "00:08:18", "text": "your question there it's not that I"}, {"end": "00:08:25", "start": "00:08:20", "text": "think anyone is wrong actually. So if"}, {"end": "00:08:28", "start": "00:08:23", "text": "someone said to me, Chachy Charlie, I'm"}, {"end": "00:08:30", "start": "00:08:25", "text": "bullish the dollar right now and I think"}, {"end": "00:08:33", "start": "00:08:28", "text": "the dollar has got a good likelihood of"}, {"end": "00:08:35", "start": "00:08:30", "text": "resuming this trend. I would say good"}, {"end": "00:08:37", "start": "00:08:33", "text": "stick with that view. Okay? Because"}, {"end": "00:08:39", "start": "00:08:35", "text": "there is no such thing as being right"}, {"end": "00:08:42", "start": "00:08:37", "text": "being wrong as such. You know, you no"}, {"end": "00:08:45", "start": "00:08:39", "text": "one is right all of the time and so you"}, {"end": "00:08:48", "start": "00:08:42", "text": "know it's just that's just trading. So I"}, {"end": "00:08:50", "start": "00:08:45", "text": "think the point is if you've got a view"}, {"end": "00:08:52", "start": "00:08:48", "text": "or a piece of analysis, you stick with"}, {"end": "00:08:55", "start": "00:08:50", "text": "it and you have conviction behind the"}, {"end": "00:08:57", "start": "00:08:52", "text": "analysis. That's what makes money in the"}, {"end": "00:08:59", "start": "00:08:55", "text": "markets. If you've got a soft view and"}, {"end": "00:09:03", "start": "00:08:57", "text": "you flip around, then you get flipped"}, {"end": "00:09:05", "start": "00:08:59", "text": "out of your own analysis. So um so no, I"}, {"end": "00:09:08", "start": "00:09:03", "text": "don't I don't have any qualms with with"}, {"end": "00:09:10", "start": "00:09:05", "text": "that view. I can see that potential that"}, {"end": "00:09:12", "start": "00:09:08", "text": "look we are in a nice channel and if it"}, {"end": "00:09:15", "start": "00:09:10", "text": "wanted to carry on going higher at least"}, {"end": "00:09:19", "start": "00:09:12", "text": "for the foreseeable yes I it could do."}, {"end": "00:09:21", "start": "00:09:15", "text": "However, yes I have uh even higher time"}, {"end": "00:09:24", "start": "00:09:19", "text": "frame analysis. So if I now go out to"}, {"end": "00:09:26", "start": "00:09:21", "text": "the quarterly charts I've actually got a"}, {"end": "00:09:29", "start": "00:09:24", "text": "divergence here on the quarterly charts."}, {"end": "00:09:32", "start": "00:09:26", "text": "That divergence should still see the"}, {"end": "00:09:34", "start": "00:09:29", "text": "dollar coming lower uh for my analysis"}, {"end": "00:09:36", "start": "00:09:32", "text": "here. What I find fascinating as well is"}, {"end": "00:09:39", "start": "00:09:34", "text": "look at the dollar going all the way"}, {"end": "00:09:42", "start": "00:09:36", "text": "back from its all-time highs way back."}, {"end": "00:09:47", "start": "00:09:39", "text": "It m then made lower high back in uh"}, {"end": "00:09:50", "start": "00:09:42", "text": "2000 and another so far high here in"}, {"end": "00:09:54", "start": "00:09:47", "text": "2022. There's a question mark there. But"}, {"end": "00:09:56", "start": "00:09:50", "text": "we still failed to take out, you know,"}, {"end": "00:10:00", "start": "00:09:54", "text": "again when we made the highs in 22. We"}, {"end": "00:10:03", "start": "00:09:56", "text": "technically have not taken out that last"}, {"end": "00:10:05", "start": "00:10:00", "text": "um prior high from 2000. So, I'm still"}, {"end": "00:10:07", "start": "00:10:03", "text": "looking at this as look, here's the"}, {"end": "00:10:09", "start": "00:10:05", "text": "channel,"}, {"end": "00:10:11", "start": "00:10:07", "text": "and we've it's a lovely rising channel."}, {"end": "00:10:13", "start": "00:10:09", "text": "I've been trading a lot of that over the"}, {"end": "00:10:15", "start": "00:10:11", "text": "years, but ultimately I'm looking for a"}, {"end": "00:10:18", "start": "00:10:13", "text": "channel break and then you can put"}, {"end": "00:10:20", "start": "00:10:15", "text": "projections on all of that. But I'm just"}, {"end": "00:10:22", "start": "00:10:18", "text": "going with the 90 zone for now. But if"}, {"end": "00:10:25", "start": "00:10:20", "text": "you really want to get me started, then"}, {"end": "00:10:27", "start": "00:10:22", "text": "I'll say to you 85, I think we'll end up"}, {"end": "00:10:28", "start": "00:10:25", "text": "down there at some point in the next two"}, {"end": "00:10:29", "start": "00:10:27", "text": "years. Guys, before I finish, just"}, {"end": "00:10:31", "start": "00:10:28", "text": "mention one more time that Charlie"}, {"end": "00:10:34", "start": "00:10:29", "text": "Burton has a phenomenal offer on his"}, {"end": "00:10:35", "start": "00:10:31", "text": "smart signal service. So, that's his uh"}, {"end": "00:10:37", "start": "00:10:34", "text": "trading service, the smart signals,"}, {"end": "00:10:39", "start": "00:10:35", "text": "where you get trading alerts to your"}, {"end": "00:10:42", "start": "00:10:37", "text": "phone. And essentially, these are AI"}, {"end": "00:10:44", "start": "00:10:39", "text": "generated. This is a 14-day free trial."}, {"end": "00:10:45", "start": "00:10:42", "text": "No cards required, no payment required."}, {"end": "00:10:48", "start": "00:10:44", "text": "Go ahead and check out the link in the"}, {"end": "00:10:49", "start": "00:10:45", "text": "description. The link is bit."}, {"end": "00:10:51", "start": "00:10:48", "text": "Charlie Burton signals. From what I've"}, {"end": "00:10:52", "start": "00:10:49", "text": "seen, Charlie is fantastic. I have to"}, {"end": "00:10:54", "start": "00:10:51", "text": "admit, I've seen it myself. So, for"}, {"end": "00:10:57", "start": "00:10:52", "text": "example, what what the uh the trading"}, {"end": "00:11:00", "start": "00:10:54", "text": "signal service does, it issues certain"}, {"end": "00:11:01", "start": "00:10:57", "text": "trade setups or trades. For example, uh"}, {"end": "00:11:04", "start": "00:11:00", "text": "I'll put I'll put some screenshots"}, {"end": "00:11:06", "start": "00:11:01", "text": "there. For example, here's one on the"}, {"end": "00:11:08", "start": "00:11:04", "text": "NASDAQ, the US 100. And there's another"}, {"end": "00:11:10", "start": "00:11:06", "text": "one on on Bitcoin, which I'll"}, {"end": "00:11:12", "start": "00:11:08", "text": "superimpose here. Uh I blacked out, by"}, {"end": "00:11:14", "start": "00:11:10", "text": "the way, the actual price levels because"}, {"end": "00:11:16", "start": "00:11:12", "text": "some people may think these are current"}, {"end": "00:11:17", "start": "00:11:14", "text": "alerts. They're not. They're from some"}, {"end": "00:11:19", "start": "00:11:16", "text": "months ago. So, I don't want anyone to"}, {"end": "00:11:21", "start": "00:11:17", "text": "think that these are actionable uh trade"}, {"end": "00:11:22", "start": "00:11:19", "text": "signals. They're not. They've already"}, {"end": "00:11:24", "start": "00:11:21", "text": "gone past. But you can see that the"}, {"end": "00:11:27", "start": "00:11:22", "text": "probability. So some of these are given"}, {"end": "00:11:28", "start": "00:11:24", "text": "probabilities of like 60% or 70% for"}, {"end": "00:11:30", "start": "00:11:27", "text": "example. Sometimes it happens. So that's"}, {"end": "00:11:32", "start": "00:11:28", "text": "quite interesting. So you get you get a"}, {"end": "00:11:36", "start": "00:11:30", "text": "probability rating on the actual trade"}, {"end": "00:11:38", "start": "00:11:32", "text": "setups on the alerts and with specific"}, {"end": "00:11:40", "start": "00:11:36", "text": "uh stop-loss levels and specific profit"}, {"end": "00:11:42", "start": "00:11:38", "text": "taking levels as well as well as the"}, {"end": "00:11:45", "start": "00:11:40", "text": "entry point as well. So entry, stop-loss"}, {"end": "00:11:47", "start": "00:11:42", "text": "and exit all included in the alerts that"}, {"end": "00:11:49", "start": "00:11:45", "text": "you send out. So really fascinating and"}, {"end": "00:11:50", "start": "00:11:47", "text": "very interesting. So tell us more about"}, {"end": "00:11:51", "start": "00:11:49", "text": "it. uh essentially"}, {"end": "00:11:54", "start": "00:11:50", "text": "yeah they're they're artificial"}, {"end": "00:11:57", "start": "00:11:51", "text": "intelligence generated. So we've used"}, {"end": "00:12:00", "start": "00:11:54", "text": "the power of our AI system to uh to back"}, {"end": "00:12:02", "start": "00:11:57", "text": "test over a billion computations. So"}, {"end": "00:12:05", "start": "00:12:00", "text": "it's a huge amount of testing that AI"}, {"end": "00:12:07", "start": "00:12:02", "text": "can do in order to come up with these"}, {"end": "00:12:10", "start": "00:12:05", "text": "signals. So the signals are pushed out"}, {"end": "00:12:12", "start": "00:12:07", "text": "via our telegram channel and so it just"}, {"end": "00:12:14", "start": "00:12:10", "text": "comes through to your phone and you get"}, {"end": "00:12:17", "start": "00:12:12", "text": "a signal. The other thing to mention is"}, {"end": "00:12:19", "start": "00:12:14", "text": "that we always say a maximum risk of 1%"}, {"end": "00:12:21", "start": "00:12:17", "text": "on your account, whatever your account"}, {"end": "00:12:23", "start": "00:12:19", "text": "balance is. So if you had 10,000 in your"}, {"end": "00:12:27", "start": "00:12:21", "text": "account, you'd never risk more than one"}, {"end": "00:12:30", "start": "00:12:23", "text": "$100 of that 10,000. Very good point."}, {"end": "00:12:32", "start": "00:12:27", "text": "So and so yes, we give all the the"}, {"end": "00:12:35", "start": "00:12:30", "text": "system generates all of the trade calls."}, {"end": "00:12:37", "start": "00:12:32", "text": "I manage it overall. So, I'm monitoring"}, {"end": "00:12:41", "start": "00:12:35", "text": "the systems and sometimes it might be"}, {"end": "00:12:42", "start": "00:12:37", "text": "that a given market or uh is doing"}, {"end": "00:12:44", "start": "00:12:41", "text": "really well, is having a really good"}, {"end": "00:12:48", "start": "00:12:42", "text": "trend and we'll want to turn on one of"}, {"end": "00:12:50", "start": "00:12:44", "text": "our AI systems for that given market."}, {"end": "00:12:52", "start": "00:12:48", "text": "We'll turn that on. So, um because we"}, {"end": "00:12:54", "start": "00:12:50", "text": "can't have them all on all of the time"}, {"end": "00:12:55", "start": "00:12:52", "text": "because otherwise we'd be generating"}, {"end": "00:12:57", "start": "00:12:54", "text": "like 50 trades a day and we don't want"}, {"end": "00:12:58", "start": "00:12:55", "text": "to do that. It's too much. Sorry, one"}, {"end": "00:13:01", "start": "00:12:57", "text": "interesting thing you mentioned Charlie"}, {"end": "00:13:03", "start": "00:12:58", "text": "to me was that uh what people can do is"}, {"end": "00:13:05", "start": "00:13:01", "text": "they can be very selective about which"}, {"end": "00:13:07", "start": "00:13:03", "text": "particular trade setups they take. I"}, {"end": "00:13:09", "start": "00:13:05", "text": "think you mentioned that uh what uh what"}, {"end": "00:13:12", "start": "00:13:07", "text": "traders can do is only focus on the"}, {"end": "00:13:15", "start": "00:13:09", "text": "trade setups or the signals that have a"}, {"end": "00:13:17", "start": "00:13:12", "text": "probability of over 60%. Am I right?"}, {"end": "00:13:20", "start": "00:13:15", "text": "Correct. Yeah. So we encourage people to"}, {"end": "00:13:22", "start": "00:13:17", "text": "do that um to just take the higher"}, {"end": "00:13:25", "start": "00:13:20", "text": "probability setups. It gives other"}, {"end": "00:13:28", "start": "00:13:22", "text": "setups in the 50% but we deliberately"}, {"end": "00:13:30", "start": "00:13:25", "text": "put those in so people can see them. But"}, {"end": "00:13:33", "start": "00:13:28", "text": "yeah, we we encourage people to only"}, {"end": "00:13:35", "start": "00:13:30", "text": "take the 60% and and higher probability"}, {"end": "00:13:37", "start": "00:13:33", "text": "setups. And if you took just those we"}, {"end": "00:13:41", "start": "00:13:35", "text": "launched in February, so we're 5 months"}, {"end": "00:13:43", "start": "00:13:37", "text": "in and it's up 39% in the 5 months."}, {"end": "00:13:45", "start": "00:13:41", "text": "So since February this year, uh it's"}, {"end": "00:13:49", "start": "00:13:43", "text": "been up 39% uh in gains in"}, {"end": "00:13:51", "start": "00:13:45", "text": "taking those using taking our guidance."}, {"end": "00:13:53", "start": "00:13:49", "text": "We've got videos on it and we we put"}, {"end": "00:13:55", "start": "00:13:51", "text": "lots of reminders about what people"}, {"end": "00:13:57", "start": "00:13:53", "text": "should do and you know as far as their"}, {"end": "00:13:58", "start": "00:13:55", "text": "risk management is concerned and stuff"}, {"end": "00:14:02", "start": "00:13:57", "text": "like that. As long as they do it"}, {"end": "00:14:05", "start": "00:13:58", "text": "properly and follow our guidance which"}, {"end": "00:14:07", "start": "00:14:02", "text": "is never risk more than 1% and take the"}, {"end": "00:14:10", "start": "00:14:05", "text": "trades over 60% and there's a few others"}, {"end": "00:14:13", "start": "00:14:07", "text": "then those are the results and we've got"}, {"end": "00:14:15", "start": "00:14:10", "text": "all the historical results as well but"}, {"end": "00:14:18", "start": "00:14:13", "text": "this is since we went live with users."}, {"end": "00:14:21", "start": "00:14:15", "text": "So yeah, it's doing really really well."}, {"end": "00:14:22", "start": "00:14:18", "text": "And the nice thing is, as you said"}, {"end": "00:14:25", "start": "00:14:21", "text": "already,"}, {"end": "00:14:27", "start": "00:14:22", "text": "your uh followers, we're giving 14day"}, {"end": "00:14:29", "start": "00:14:25", "text": "free trial to it as well. So there's no"}, {"end": "00:14:31", "start": "00:14:27", "text": "risk to them or, you know, there's no"}, {"end": "00:14:34", "start": "00:14:29", "text": "financial um commitment, nothing. Just"}, {"end": "00:14:37", "start": "00:14:31", "text": "give it a try. Watch the videos, see the"}, {"end": "00:14:39", "start": "00:14:34", "text": "see the signals coming through, and um"}, {"end": "00:14:40", "start": "00:14:37", "text": "yeah, give it a try. There's nothing to"}, {"end": "00:14:42", "start": "00:14:39", "text": "lose."}, {"end": "00:14:44", "start": "00:14:40", "text": "That's a very good point, uh guys. So,"}, {"end": "00:14:47", "start": "00:14:42", "text": "you have a 14-day free trial of"}, {"end": "00:14:49", "start": "00:14:44", "text": "Charlie's smart signal service. Do check"}, {"end": "00:14:51", "start": "00:14:47", "text": "it out and the link is right there for"}, {"end": "00:14:53", "start": "00:14:49", "text": "you. bit."}, {"end": "00:14:54", "start": "00:14:51", "text": "Charlie Burbertton signals. Uh, so I'll"}, {"end": "00:14:56", "start": "00:14:53", "text": "put that link for you guys in the"}, {"end": "00:14:57", "start": "00:14:54", "text": "description. Again, click it and then"}, {"end": "00:14:59", "start": "00:14:56", "text": "register and then just follow the"}, {"end": "00:15:02", "start": "00:14:57", "text": "process. Very simple to set up. So,"}, {"end": "00:15:05", "start": "00:14:59", "text": "yeah, it there's full support there."}, {"end": "00:15:08", "start": "00:15:02", "text": "It's all there on the channel and on the"}, {"end": "00:15:10", "start": "00:15:05", "text": "website. And uh yeah, it's it's a it's"}, {"end": "00:15:12", "start": "00:15:08", "text": "doing really well. We're really"}, {"end": "00:15:14", "start": "00:15:10", "text": "impressed with how it's got on since we"}, {"end": "00:15:17", "start": "00:15:12", "text": "launched it this year. Oh, one other"}, {"end": "00:15:20", "start": "00:15:14", "text": "thing to mention is that even after the"}, {"end": "00:15:22", "start": "00:15:17", "text": "14 days, we we're giving 50% off the"}, {"end": "00:15:24", "start": "00:15:20", "text": "subscription for the first 3 months as"}, {"end": "00:15:26", "start": "00:15:22", "text": "well. So, I should mention that."}, {"end": "00:15:28", "start": "00:15:24", "text": "That's brilliant. Okay, so 50% off when"}, {"end": "00:15:31", "start": "00:15:26", "text": "you stay as well. Yeah, 50% off the"}, {"end": "00:15:32", "start": "00:15:28", "text": "actual price for the first 3 months."}, {"end": "00:15:36", "start": "00:15:31", "text": "Charlie, thank you very much indeed. I"}, {"end": "00:15:36", "start": "00:15:32", "text": "really appreciate it."}, {"end": "00:15:49", "start": "00:15:37", "text": "[Music]"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Here's the weekly chart for altcoins."}, {"start": "00:00:02", "end": "00:00:03", "text": "You zoom in on this weekly chart. Look"}, {"start": "00:00:03", "end": "00:00:06", "text": "at this weekly candle. It is testing"}, {"start": "00:00:06", "end": "00:00:08", "text": "all-time high. Right now, we have a"}, {"start": "00:00:08", "end": "00:00:10", "text": "weekly candle that is trading above the"}, {"start": "00:00:10", "end": "00:00:13", "text": "all-time high of last cycle in November"}, {"start": "00:00:13", "end": "00:00:16", "text": "2021. If you're an altcoin holder, if"}, {"start": "00:00:16", "end": "00:00:18", "text": "you've been accumulating altcoins and"}, {"start": "00:00:18", "end": "00:00:21", "text": "just waiting for an altcoin bull market,"}, {"start": "00:00:21", "end": "00:00:23", "text": "you like to see this. You really do. I"}, {"start": "00:00:23", "end": "00:00:25", "text": "want to talk about the move in terms of"}, {"start": "00:00:25", "end": "00:00:26", "text": "risk and I want to look at Ethereum"}, {"start": "00:00:26", "end": "00:00:28", "text": "charts in terms of where it is in this"}, {"start": "00:00:28", "end": "00:00:31", "text": "cycle because as I've been saying for"}, {"start": "00:00:31", "end": "00:00:34", "text": "quite some time now the move is just"}, {"start": "00:00:34", "end": "00:00:35", "text": "getting started. There are some"}, {"start": "00:00:35", "end": "00:00:38", "text": "headlines that I want to just breeze"}, {"start": "00:00:38", "end": "00:00:40", "text": "through very quickly with you that are"}, {"start": "00:00:40", "end": "00:00:42", "text": "so insanely bullish to start this video."}, {"start": "00:00:42", "end": "00:00:45", "text": "So, hit the subscribe and like on the"}, {"start": "00:00:45", "end": "00:00:47", "text": "way in. I appreciate all of you watching"}, {"start": "00:00:47", "end": "00:00:48", "text": "the video. And if you're not in our"}, {"start": "00:00:48", "end": "00:00:50", "text": "intelligence system, we have a free"}, {"start": "00:00:50", "end": "00:00:52", "text": "trial going on right now. So click the"}, {"start": "00:00:52", "end": "00:00:54", "text": "link below, get access to our risk"}, {"start": "00:00:54", "end": "00:00:56", "text": "models so that you can start planning"}, {"start": "00:00:56", "end": "00:00:58", "text": "and strategizing the best time to"}, {"start": "00:00:58", "end": "00:01:02", "text": "accumulate and what I think is perhaps"}, {"start": "00:01:02", "end": "00:01:04", "text": "more important as we enter this era,"}, {"start": "00:01:04", "end": "00:01:07", "text": "take profits. So let's start. I again I"}, {"start": "00:01:07", "end": "00:01:08", "text": "just want to read through some"}, {"start": "00:01:08", "end": "00:01:09", "text": "headlines. I'm going to go through"}, {"start": "00:01:09", "end": "00:01:11", "text": "quickly. I'm not going to spend a ton of"}, {"start": "00:01:11", "end": "00:01:13", "text": "time, but just realize what's happening"}, {"start": "00:01:13", "end": "00:01:15", "text": "right now. Staking is now live. This is"}, {"start": "00:01:15", "end": "00:01:17", "text": "as of today. Staking is now live in"}, {"start": "00:01:17", "end": "00:01:20", "text": "Grayscale spot ETH ETFs first direct"}, {"start": "00:01:20", "end": "00:01:25", "text": "staking spot crypto ETFs in US. I did a"}, {"start": "00:01:25", "end": "00:01:28", "text": "brief thought on X. I'll just say this."}, {"start": "00:01:28", "end": "00:01:31", "text": "Liquidity and capital floodgates are"}, {"start": "00:01:31", "end": "00:01:34", "text": "officially opening. This is one dynamic"}, {"start": "00:01:34", "end": "00:01:36", "text": "of the crypto space and how the crypto"}, {"start": "00:01:36", "end": "00:01:39", "text": "space is just still in its early stages"}, {"start": "00:01:39", "end": "00:01:42", "text": "and will grow, but it's huge. Here's"}, {"start": "00:01:42", "end": "00:01:45", "text": "Hunter, CEO of Bitwise. This is huge."}, {"start": "00:01:45", "end": "00:01:46", "text": "New special report from or Morgan"}, {"start": "00:01:46", "end": "00:01:49", "text": "Stanley GIC."}, {"start": "00:01:49", "end": "00:01:51", "text": "We aim to support our financial"}, {"start": "00:01:51", "end": "00:01:53", "text": "adviserss and clients who may flexibly"}, {"start": "00:01:53", "end": "00:01:55", "text": "allocate to cryptocurrency as part of"}, {"start": "00:01:55", "end": "00:01:59", "text": "their multi-asset portfolios. So you"}, {"start": "00:01:59", "end": "00:02:01", "text": "just keep in mind what we just looked at"}, {"start": "00:02:01", "end": "00:02:03", "text": "in terms of ETH staking, right?"}, {"start": "00:02:03", "end": "00:02:05", "text": "Institutions getting access now to earn"}, {"start": "00:02:05", "end": "00:02:08", "text": "yield, right? This is something that's"}, {"start": "00:02:08", "end": "00:02:10", "text": "not been done before. And then we have"}, {"start": "00:02:10", "end": "00:02:13", "text": "this, which is coming straight out of"}, {"start": "00:02:13", "end": "00:02:16", "text": "Morgan Stanley. GIC guides 16,000"}, {"start": "00:02:16", "end": "00:02:18", "text": "advisers managing $2 trillion in savings"}, {"start": "00:02:18", "end": "00:02:20", "text": "and wealth for clients. We're entering"}, {"start": "00:02:20", "end": "00:02:23", "text": "the mainstream era. And to put it very"}, {"start": "00:02:23", "end": "00:02:25", "text": "simply, Morgan Stanley says it will"}, {"start": "00:02:25", "end": "00:02:27", "text": "support 16,000 financial advisors"}, {"start": "00:02:27", "end": "00:02:29", "text": "managing two trillion if they wish to"}, {"start": "00:02:29", "end": "00:02:33", "text": "allocate to Bitcoin and crypto. And"}, {"start": "00:02:33", "end": "00:02:34", "text": "something tells me that more and more"}, {"start": "00:02:34", "end": "00:02:37", "text": "people are going to like to allocate to"}, {"start": "00:02:37", "end": "00:02:40", "text": "Bitcoin and crypto. Here's hashts. The"}, {"start": "00:02:40", "end": "00:02:44", "text": "headlines go on right now. Meet NCIQ,"}, {"start": "00:02:44", "end": "00:02:46", "text": "the ETF that follows NCIUS, a public"}, {"start": "00:02:46", "end": "00:02:49", "text": "rules-based benchmark. The first US"}, {"start": "00:02:49", "end": "00:02:54", "text": "multi-asset spot crypto ETA ETP now"}, {"start": "00:02:54", "end": "00:02:57", "text": "covering Bitcoin, Ethereum, XRP, Salana,"}, {"start": "00:02:57", "end": "00:03:00", "text": "ADA, and XLM. We just added an XLM risk"}, {"start": "00:03:00", "end": "00:03:03", "text": "model, which is really cool. and the the"}, {"start": "00:03:03", "end": "00:03:06", "text": "ADA adoption that is happening right now"}, {"start": "00:03:06", "end": "00:03:08", "text": "across institutions with ETFs. I really"}, {"start": "00:03:08", "end": "00:03:11", "text": "like to see it. Here's hashtags. This"}, {"start": "00:03:11", "end": "00:03:12", "text": "was the other day, 5 days ago, October"}, {"start": "00:03:12", "end": "00:03:15", "text": "1st, posting straight up to Cardono"}, {"start": "00:03:15", "end": "00:03:17", "text": "community. We're excited about Cardano"}, {"start": "00:03:17", "end": "00:03:19", "text": "helping to power the future of finance"}, {"start": "00:03:19", "end": "00:03:23", "text": "being added to NCIQ."}, {"start": "00:03:23", "end": "00:03:24", "text": "Those are those are some of the main"}, {"start": "00:03:24", "end": "00:03:26", "text": "headlines. And then we have some kind of"}, {"start": "00:03:26", "end": "00:03:28", "text": "speculative looking ones."}, {"start": "00:03:28", "end": "00:03:30", "text": "Black Rockck CEO Larry Frink says, \"No"}, {"start": "00:03:30", "end": "00:03:32", "text": "one should be surprised if Bitcoin hits"}, {"start": "00:03:32", "end": "00:03:34", "text": "300,000 this cycle.\" Here's another one."}, {"start": "00:03:34", "end": "00:03:35", "text": "I don't know if these are exact quotes."}, {"start": "00:03:35", "end": "00:03:37", "text": "Sometimes you got to be careful on X,"}, {"start": "00:03:37", "end": "00:03:39", "text": "but Larry Frink says crypto to 15"}, {"start": "00:03:39", "end": "00:03:44", "text": "trillion this cycle. The upside insanely"}, {"start": "00:03:44", "end": "00:03:47", "text": "large. Let's start talking about some of"}, {"start": "00:03:47", "end": "00:03:49", "text": "the charts. We we'll monitor, we'll"}, {"start": "00:03:49", "end": "00:03:50", "text": "probably do a more in-depth analysis of"}, {"start": "00:03:50", "end": "00:03:52", "text": "Bitcoin dominance, but right now we have"}, {"start": "00:03:52", "end": "00:03:55", "text": "the 20week moving average just"}, {"start": "00:03:55", "end": "00:03:57", "text": "approaching the 50we. a massive move"}, {"start": "00:03:57", "end": "00:04:00", "text": "that has not happened since last altcoin"}, {"start": "00:04:00", "end": "00:04:02", "text": "season started. So, that move is in"}, {"start": "00:04:02", "end": "00:04:04", "text": "play, but right now we still have this"}, {"start": "00:04:04", "end": "00:04:05", "text": "pullback to those moving averages in"}, {"start": "00:04:05", "end": "00:04:07", "text": "play. Maybe there's upside for Bitcoin"}, {"start": "00:04:07", "end": "00:04:09", "text": "dominance, a couple two, you know, two"}, {"start": "00:04:09", "end": "00:04:12", "text": "3% before going lower. I don't know."}, {"start": "00:04:12", "end": "00:04:14", "text": "Maybe maybe Bitcoin dominance does"}, {"start": "00:04:14", "end": "00:04:16", "text": "something like it's never done before at"}, {"start": "00:04:16", "end": "00:04:17", "text": "this stage of a cycle and just goes"}, {"start": "00:04:17", "end": "00:04:19", "text": "crazy. But right now, I'm looking for a"}, {"start": "00:04:19", "end": "00:04:22", "text": "continuation of altcoin markets. That"}, {"start": "00:04:22", "end": "00:04:23", "text": "would be Bitcoin dominance on this chart"}, {"start": "00:04:23", "end": "00:04:25", "text": "falling. But let's talk about altcoin"}, {"start": "00:04:25", "end": "00:04:27", "text": "markets. What I want to point out to you"}, {"start": "00:04:27", "end": "00:04:30", "text": "is this. Yes, the chart itself is"}, {"start": "00:04:30", "end": "00:04:33", "text": "breaking above this multi-year. I mean,"}, {"start": "00:04:33", "end": "00:04:36", "text": "just look at this. This is this is a"}, {"start": "00:04:36", "end": "00:04:39", "text": "move breaking all-time high from last"}, {"start": "00:04:39", "end": "00:04:42", "text": "cycle. But here's where it becomes more"}, {"start": "00:04:42", "end": "00:04:44", "text": "of just like a visualization exercise, a"}, {"start": "00:04:44", "end": "00:04:48", "text": "charting exercise for me."}, {"start": "00:04:48", "end": "00:04:51", "text": "What is because I I keep saying like"}, {"start": "00:04:51", "end": "00:04:52", "text": "we're just getting started and I don't"}, {"start": "00:04:52", "end": "00:04:54", "text": "mean to do that as like this clickbait"}, {"start": "00:04:54", "end": "00:04:58", "text": "thing. I genuinely think that and I've"}, {"start": "00:04:58", "end": "00:05:00", "text": "thought that for a very long time and"}, {"start": "00:05:00", "end": "00:05:02", "text": "you can just see from bare market lows"}, {"start": "00:05:02", "end": "00:05:03", "text": "it really has been the case. This has"}, {"start": "00:05:03", "end": "00:05:05", "text": "been a slow accumulation of higher highs"}, {"start": "00:05:05", "end": "00:05:07", "text": "and higher lows. So how is it that even"}, {"start": "00:05:07", "end": "00:05:10", "text": "here as we test alltime highs on this"}, {"start": "00:05:10", "end": "00:05:13", "text": "chart we're just getting started. Well,"}, {"start": "00:05:13", "end": "00:05:15", "text": "right now if you look at and I have this"}, {"start": "00:05:15", "end": "00:05:17", "text": "note, what is the risk? You go to our"}, {"start": "00:05:17", "end": "00:05:21", "text": "altcoin risk model is at 27."}, {"start": "00:05:21", "end": "00:05:24", "text": "And if you look at November of 2021 last"}, {"start": "00:05:24", "end": "00:05:25", "text": "cycle, when it was breaking all-time"}, {"start": "00:05:25", "end": "00:05:28", "text": "highs, you can see we're in the 50s,"}, {"start": "00:05:28", "end": "00:05:30", "text": "right? And this is on the altcoin market"}, {"start": "00:05:30", "end": "00:05:32", "text": "cap risk model. We're going to get a a"}, {"start": "00:05:32", "end": "00:05:36", "text": "way better view of of how risk really"}, {"start": "00:05:36", "end": "00:05:39", "text": "just lines up with last cycle at this at"}, {"start": "00:05:39", "end": "00:05:40", "text": "this moment when we look at the Ethereum"}, {"start": "00:05:40", "end": "00:05:42", "text": "chart. This is the altcoin market cap"}, {"start": "00:05:42", "end": "00:05:44", "text": "risk model. But you can just see we're"}, {"start": "00:05:44", "end": "00:05:46", "text": "well below that. And what I want to"}, {"start": "00:05:46", "end": "00:05:48", "text": "point to your attention if we go back to"}, {"start": "00:05:48", "end": "00:05:51", "text": "this chart is well from a price"}, {"start": "00:05:51", "end": "00:05:53", "text": "perspective move right. We are kind of"}, {"start": "00:05:53", "end": "00:05:55", "text": "as we're getting ready to try and break"}, {"start": "00:05:55", "end": "00:05:56", "text": "and I don't know if the move will happen"}, {"start": "00:05:56", "end": "00:05:59", "text": "here. We start getting separation here"}, {"start": "00:05:59", "end": "00:06:01", "text": "from last cycle all-time high. That's a"}, {"start": "00:06:01", "end": "00:06:03", "text": "similar move to what happened back here"}, {"start": "00:06:03", "end": "00:06:05", "text": "in February of 2021. So, we go back to"}, {"start": "00:06:05", "end": "00:06:07", "text": "the risk model and we can zoom into"}, {"start": "00:06:07", "end": "00:06:11", "text": "February of 2021 and you can see even"}, {"start": "00:06:11", "end": "00:06:15", "text": "there it was a 47. We're well below that"}, {"start": "00:06:15", "end": "00:06:17", "text": "now and at a very similar area, meaning"}, {"start": "00:06:17", "end": "00:06:18", "text": "testing all-time highs on the altcoin"}, {"start": "00:06:18", "end": "00:06:21", "text": "market cap chart. This tells me that the"}, {"start": "00:06:21", "end": "00:06:24", "text": "suppression has been insane this cycle"}, {"start": "00:06:24", "end": "00:06:25", "text": "and we really are at the beginning of"}, {"start": "00:06:25", "end": "00:06:27", "text": "the move. Notice that first swing high"}, {"start": "00:06:27", "end": "00:06:29", "text": "went into the mid60s on the altcoin"}, {"start": "00:06:29", "end": "00:06:31", "text": "market cap chart. Ethereum is going to"}, {"start": "00:06:31", "end": "00:06:32", "text": "give us a really nice view. And by the"}, {"start": "00:06:32", "end": "00:06:33", "text": "way, I want to do some short-term"}, {"start": "00:06:33", "end": "00:06:36", "text": "Ethereum analysis because we have this"}, {"start": "00:06:36", "end": "00:06:38", "text": "nice symmetrical triangle busted pattern"}, {"start": "00:06:38", "end": "00:06:40", "text": "now just looking very nice with the"}, {"start": "00:06:40", "end": "00:06:42", "text": "breakout above the upper trend line"}, {"start": "00:06:42", "end": "00:06:44", "text": "after the fake out to the downside. But"}, {"start": "00:06:44", "end": "00:06:47", "text": "going back to Ethereum on the weekly"}, {"start": "00:06:47", "end": "00:06:48", "text": "zoomed out chart, here's where we are"}, {"start": "00:06:48", "end": "00:06:52", "text": "everybody. We are looking at this same"}, {"start": "00:06:52", "end": "00:06:53", "text": "type of vibe that we just saw in the"}, {"start": "00:06:53", "end": "00:06:55", "text": "altcoin market cap chart illustrated on"}, {"start": "00:06:55", "end": "00:06:57", "text": "Ethereum. So we're testing all-time"}, {"start": "00:06:57", "end": "00:07:00", "text": "highs from last cycle. Yes. But the"}, {"start": "00:07:00", "end": "00:07:02", "text": "question is again, well, what's risk"}, {"start": "00:07:02", "end": "00:07:06", "text": "here compared to here? And it's crazy."}, {"start": "00:07:06", "end": "00:07:08", "text": "If you go look at the risk model for"}, {"start": "00:07:08", "end": "00:07:12", "text": "Ethereum, we're at a 56 right now. So,"}, {"start": "00:07:12", "end": "00:07:14", "text": "if you go and we look at all-time high"}, {"start": "00:07:14", "end": "00:07:16", "text": "of last cycle, so somewhere in November"}, {"start": "00:07:16", "end": "00:07:19", "text": "back here, look at this 90s in the 91"}, {"start": "00:07:19", "end": "00:07:22", "text": "area. So then it's kind of like, so"}, {"start": "00:07:22", "end": "00:07:24", "text": "you're telling me Ethereum is basically"}, {"start": "00:07:24", "end": "00:07:26", "text": "at the same price as it was years and"}, {"start": "00:07:26", "end": "00:07:28", "text": "years ago, but the risk has been"}, {"start": "00:07:28", "end": "00:07:31", "text": "completely reset."}, {"start": "00:07:31", "end": "00:07:34", "text": "When I say that we're just getting"}, {"start": "00:07:34", "end": "00:07:36", "text": "started, that, you know, we're still"}, {"start": "00:07:36", "end": "00:07:40", "text": "early here. This is a huge piece of that"}, {"start": "00:07:40", "end": "00:07:43", "text": "puzzle for me. And this is why I say it."}, {"start": "00:07:43", "end": "00:07:45", "text": "I don't say it to be a permable. when"}, {"start": "00:07:45", "end": "00:07:48", "text": "things flip and risk gets too high, I"}, {"start": "00:07:48", "end": "00:07:50", "text": "will talk about it, right? I might not"}, {"start": "00:07:50", "end": "00:07:52", "text": "show the risk models as much because"}, {"start": "00:07:52", "end": "00:07:54", "text": "that is for our members, but I will be"}, {"start": "00:07:54", "end": "00:07:58", "text": "talking about it. And so for in in terms"}, {"start": "00:07:58", "end": "00:08:00", "text": "of my opinion, we're just not there yet."}, {"start": "00:08:00", "end": "00:08:02", "text": "And you can see that 91 last cycle at"}, {"start": "00:08:02", "end": "00:08:04", "text": "this price and it's full reset right"}, {"start": "00:08:04", "end": "00:08:06", "text": "now. Because if you look at Ethereum"}, {"start": "00:08:06", "end": "00:08:10", "text": "charts, right, risk score-wise, if we're"}, {"start": "00:08:10", "end": "00:08:13", "text": "talking about a 56, you go back to the"}, {"start": "00:08:13", "end": "00:08:15", "text": "our risk model. I mean, this is like"}, {"start": "00:08:15", "end": "00:08:18", "text": "December, this is November, you can even"}, {"start": "00:08:18", "end": "00:08:21", "text": "see in mid December, we're at a 51 or"}, {"start": "00:08:21", "end": "00:08:25", "text": "you know, 53, December 25th, um December"}, {"start": "00:08:25", "end": "00:08:27", "text": "15th, 51."}, {"start": "00:08:27", "end": "00:08:28", "text": "That's where we are. And you can see"}, {"start": "00:08:28", "end": "00:08:30", "text": "last cycle that's like the pre-bull"}, {"start": "00:08:30", "end": "00:08:34", "text": "move. This is where I think we still are"}, {"start": "00:08:34", "end": "00:08:36", "text": "with all these headlines going on right"}, {"start": "00:08:36", "end": "00:08:39", "text": "now. So that's kind of from a risk"}, {"start": "00:08:39", "end": "00:08:41", "text": "perspective where we are from a"}, {"start": "00:08:41", "end": "00:08:43", "text": "short-term perspective. I do want to"}, {"start": "00:08:43", "end": "00:08:44", "text": "discuss because we've been tracking it."}, {"start": "00:08:44", "end": "00:08:46", "text": "I've been watching price. We've been"}, {"start": "00:08:46", "end": "00:08:48", "text": "just using Ethereum as a very nice road"}, {"start": "00:08:48", "end": "00:08:51", "text": "map for price. And what we've had most"}, {"start": "00:08:51", "end": "00:08:53", "text": "recently is kind of this this"}, {"start": "00:08:53", "end": "00:08:56", "text": "symmetrical triangle. In my last video,"}, {"start": "00:08:56", "end": "00:08:57", "text": "I was basically just discussing, well,"}, {"start": "00:08:57", "end": "00:09:00", "text": "we have two scenarios. Number one,"}, {"start": "00:09:00", "end": "00:09:01", "text": "something like this playing out where"}, {"start": "00:09:01", "end": "00:09:03", "text": "the 20 was falling below the 50 moving"}, {"start": "00:09:03", "end": "00:09:05", "text": "average, the green below the blue, and"}, {"start": "00:09:05", "end": "00:09:06", "text": "it was kind of like a fake out and we"}, {"start": "00:09:06", "end": "00:09:09", "text": "went higher. Or back here in January"}, {"start": "00:09:09", "end": "00:09:12", "text": "2025, 20 below the 50, and then we"}, {"start": "00:09:12", "end": "00:09:14", "text": "actually fell. Right? Those were our two"}, {"start": "00:09:14", "end": "00:09:16", "text": "scenarios because right now, that's"}, {"start": "00:09:16", "end": "00:09:18", "text": "what's happening. The 20 again is"}, {"start": "00:09:18", "end": "00:09:20", "text": "falling below the 50 and we have this"}, {"start": "00:09:20", "end": "00:09:22", "text": "move to the downside and it's like,"}, {"start": "00:09:22", "end": "00:09:24", "text": "which one's going to play out? What's"}, {"start": "00:09:24", "end": "00:09:25", "text": "very good on the short term and we'll"}, {"start": "00:09:25", "end": "00:09:28", "text": "have to monitor this because right now"}, {"start": "00:09:28", "end": "00:09:29", "text": "Ethereum is not too far above this"}, {"start": "00:09:29", "end": "00:09:32", "text": "Fibonacci and that's one area I want to"}, {"start": "00:09:32", "end": "00:09:33", "text": "just kind of bring to your attention. So"}, {"start": "00:09:33", "end": "00:09:36", "text": "it's swing high to the swing low and"}, {"start": "00:09:36", "end": "00:09:39", "text": "it's just this area of where there could"}, {"start": "00:09:39", "end": "00:09:41", "text": "be potential resistance. You can see"}, {"start": "00:09:41", "end": "00:09:42", "text": "confluent with this green rectangle that"}, {"start": "00:09:42", "end": "00:09:45", "text": "Fibonacci retracement area was the apex"}, {"start": "00:09:45", "end": "00:09:47", "text": "of the triangle and sure enough there"}, {"start": "00:09:47", "end": "00:09:50", "text": "was uh you know like 3 days of sideways"}, {"start": "00:09:50", "end": "00:09:52", "text": "and resistance. Now we're making a move"}, {"start": "00:09:52", "end": "00:09:53", "text": "to the upside. want to see separation"}, {"start": "00:09:53", "end": "00:09:56", "text": "from the apex as well as the Fibonacci."}, {"start": "00:09:56", "end": "00:09:59", "text": "And if there's not separation, what we"}, {"start": "00:09:59", "end": "00:10:00", "text": "want to see, or at least what I want to"}, {"start": "00:10:00", "end": "00:10:03", "text": "see, is continued closes on the daily"}, {"start": "00:10:03", "end": "00:10:05", "text": "above the 20 uh the 20 in green and the"}, {"start": "00:10:05", "end": "00:10:07", "text": "50 in blue. So, I don't even care if"}, {"start": "00:10:07", "end": "00:10:09", "text": "Ethereum just like struggles to break"}, {"start": "00:10:09", "end": "00:10:11", "text": "out right now and just sideways. But, as"}, {"start": "00:10:11", "end": "00:10:13", "text": "long as we're above these moving"}, {"start": "00:10:13", "end": "00:10:15", "text": "averages, that's what I'm looking at."}, {"start": "00:10:15", "end": "00:10:18", "text": "Support above those moving averages for"}, {"start": "00:10:18", "end": "00:10:20", "text": "continuation to the upside. failsafe"}, {"start": "00:10:20", "end": "00:10:22", "text": "support would be the swing low to"}, {"start": "00:10:22", "end": "00:10:26", "text": "wherever resistance might be uh and a"}, {"start": "00:10:26", "end": "00:10:30", "text": "higher low on the daily. So 41 down to"}, {"start": "00:10:30", "end": "00:10:33", "text": "4,000. So that's a failsafe support so"}, {"start": "00:10:33", "end": "00:10:34", "text": "that we do not fall on some you know"}, {"start": "00:10:34", "end": "00:10:37", "text": "more midterm bearish uh momentum. But"}, {"start": "00:10:37", "end": "00:10:39", "text": "right now the breakout for Ethereum and"}, {"start": "00:10:39", "end": "00:10:41", "text": "altcoins is in play. It could be"}, {"start": "00:10:41", "end": "00:10:43", "text": "sideways. We could chop a little bit"}, {"start": "00:10:43", "end": "00:10:45", "text": "into the 20 and the 50 as they kind of"}, {"start": "00:10:45", "end": "00:10:47", "text": "reverse to the upside or we could just"}, {"start": "00:10:47", "end": "00:10:48", "text": "start breaking out now. I do not know"}, {"start": "00:10:48", "end": "00:10:50", "text": "how it will play out, but I'll continue"}, {"start": "00:10:50", "end": "00:10:53", "text": "monitoring. I'll continue tracking and"}, {"start": "00:10:53", "end": "00:10:55", "text": "uh just wanted to share this data with"}, {"start": "00:10:55", "end": "00:10:57", "text": "you as we start this new week. As you"}, {"start": "00:10:57", "end": "00:10:58", "text": "know, I am bullish on crypto, but we"}, {"start": "00:10:58", "end": "00:11:00", "text": "have to manage our risk. We have to kind"}, {"start": "00:11:00", "end": "00:11:02", "text": "of and we're all different, but we have"}, {"start": "00:11:02", "end": "00:11:04", "text": "to just kind of plan accordingly whether"}, {"start": "00:11:04", "end": "00:11:06", "text": "we break out, whether we're sideways,"}, {"start": "00:11:06", "end": "00:11:08", "text": "whether we start falling. So, be careful"}, {"start": "00:11:08", "end": "00:11:10", "text": "out there, everybody. I think the"}, {"start": "00:11:10", "end": "00:11:12", "text": "markets are looking just really good."}, {"start": "00:11:12", "end": "00:11:14", "text": "The headlines are just insane to see."}, {"start": "00:11:14", "end": "00:11:16", "text": "We've waited years for this. So, let's"}, {"start": "00:11:16", "end": "00:11:17", "text": "continue tracking and see how this thing"}, {"start": "00:11:17", "end": "00:11:19", "text": "plays out this week. I appreciate you"}, {"start": "00:11:19", "end": "00:11:22", "text": "watching. Hit the subscribe and like on"}, {"start": "00:11:22", "end": "00:11:23", "text": "the way out. And if you're not in our"}, {"start": "00:11:23", "end": "00:11:25", "text": "intelligence system, please check us"}, {"start": "00:11:25", "end": "00:11:27", "text": "out. Hit the link below. We have a free"}, {"start": "00:11:27", "end": "00:11:30", "text": "trial so you can try our risk models."}, {"start": "00:11:30", "end": "00:11:32", "text": "Get into our exit planner that's back"}, {"start": "00:11:32", "end": "00:11:33", "text": "there. Start planning your exits,"}, {"start": "00:11:33", "end": "00:11:35", "text": "visualizing what the gains might look"}, {"start": "00:11:35", "end": "00:11:38", "text": "like. activate risk mode so that you can"}, {"start": "00:11:38", "end": "00:11:39", "text": "just put that speculation and emotion"}, {"start": "00:11:39", "end": "00:11:42", "text": "aside and kind of use data a little bit"}, {"start": "00:11:42", "end": "00:11:44", "text": "more in terms of setting alerts for"}, {"start": "00:11:44", "end": "00:11:46", "text": "higher risk scores and selling at those"}, {"start": "00:11:46", "end": "00:11:48", "text": "levels. So, appreciate you watching. I"}, {"start": "00:11:48", "end": "00:11:49", "text": "will see you in the next video. God"}, {"start": "00:11:49", "end": "00:11:52", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Here's the altcoin market cap chart."}, {"start": "00:00:02", "end": "00:00:04", "text": "We're going to do some Ethereum analysis"}, {"start": "00:00:04", "end": "00:00:05", "text": "in this video in the short term to get a"}, {"start": "00:00:05", "end": "00:00:08", "text": "sense of two scenarios that I think are"}, {"start": "00:00:08", "end": "00:00:10", "text": "just very much in play. One is to the"}, {"start": "00:00:10", "end": "00:00:12", "text": "upside, one is to the downside. We have"}, {"start": "00:00:12", "end": "00:00:14", "text": "to prepare either way. I think we're"}, {"start": "00:00:14", "end": "00:00:15", "text": "going to find out very soon which one it"}, {"start": "00:00:15", "end": "00:00:18", "text": "is. But if you start here on the the"}, {"start": "00:00:18", "end": "00:00:20", "text": "altcoin market cap chart as we do hover"}, {"start": "00:00:20", "end": "00:00:23", "text": "at all-time high area from last cycle, I"}, {"start": "00:00:23", "end": "00:00:25", "text": "wanted to show you something. This is"}, {"start": "00:00:25", "end": "00:00:26", "text": "probably this is a good picture of how"}, {"start": "00:00:26", "end": "00:00:28", "text": "crazy altcoin holders are probably going"}, {"start": "00:00:28", "end": "00:00:31", "text": "right now. we have this downtrend lower"}, {"start": "00:00:31", "end": "00:00:34", "text": "highs on the slower mo moving momentum"}, {"start": "00:00:34", "end": "00:00:36", "text": "oscillator the RSI here. So this was the"}, {"start": "00:00:36", "end": "00:00:40", "text": "March 2024 run and then right here was"}, {"start": "00:00:40", "end": "00:00:44", "text": "the the kind of fakeout altcoin season"}, {"start": "00:00:44", "end": "00:00:48", "text": "fakeout December 2024 swing high and"}, {"start": "00:00:48", "end": "00:00:50", "text": "then here's our swing high now and it's"}, {"start": "00:00:50", "end": "00:00:54", "text": "a lower high. We see very clearly with"}, {"start": "00:00:54", "end": "00:00:57", "text": "this momentum oscillator, the bull"}, {"start": "00:00:57", "end": "00:00:59", "text": "market for all coins has not happened."}, {"start": "00:00:59", "end": "00:01:01", "text": "We've not had the breakout. And"}, {"start": "00:01:01", "end": "00:01:04", "text": "recently, since really July, every time,"}, {"start": "00:01:04", "end": "00:01:06", "text": "and it's October now, every time we"}, {"start": "00:01:06", "end": "00:01:08", "text": "think we're about to get a breakout,"}, {"start": "00:01:08", "end": "00:01:11", "text": "we're faked out. This is crazy. This to"}, {"start": "00:01:11", "end": "00:01:14", "text": "me is clear manipulation that is"}, {"start": "00:01:14", "end": "00:01:15", "text": "happening right now. You can have so"}, {"start": "00:01:15", "end": "00:01:18", "text": "many theories behind the scenes of why"}, {"start": "00:01:18", "end": "00:01:19", "text": "this is happening, but this is"}, {"start": "00:01:19", "end": "00:01:22", "text": "suppression. And the question is, are we"}, {"start": "00:01:22", "end": "00:01:24", "text": "going to get the breakout or is this"}, {"start": "00:01:24", "end": "00:01:26", "text": "going to is this going to even be drawn"}, {"start": "00:01:26", "end": "00:01:28", "text": "out even more? And nobody has the answer"}, {"start": "00:01:28", "end": "00:01:30", "text": "to that. Literally, nobody has the"}, {"start": "00:01:30", "end": "00:01:33", "text": "answer to that on the macro. I remain"}, {"start": "00:01:33", "end": "00:01:34", "text": "insanely bullish and I want to do"}, {"start": "00:01:34", "end": "00:01:36", "text": "analysis on the Ethereum and Ethereum"}, {"start": "00:01:36", "end": "00:01:37", "text": "daily chart, Ethereum weekly and"}, {"start": "00:01:37", "end": "00:01:40", "text": "Ethereum daily chart. So, hit the"}, {"start": "00:01:40", "end": "00:01:41", "text": "subscribe and like on the way in. If"}, {"start": "00:01:41", "end": "00:01:43", "text": "you're not in our intelligence system,"}, {"start": "00:01:43", "end": "00:01:45", "text": "get back there right now. We we see on"}, {"start": "00:01:45", "end": "00:01:46", "text": "the altcoin market cap, the bulls have"}, {"start": "00:01:46", "end": "00:01:51", "text": "the upper hand, but will that last? Can"}, {"start": "00:01:51", "end": "00:01:53", "text": "they turn this into bulls having full"}, {"start": "00:01:53", "end": "00:01:55", "text": "control? We're going to talk about that"}, {"start": "00:01:55", "end": "00:01:57", "text": "in this video. So, get back here. We"}, {"start": "00:01:57", "end": "00:01:59", "text": "have our free trial going on. Start"}, {"start": "00:01:59", "end": "00:02:00", "text": "getting into our risk model. Start"}, {"start": "00:02:00", "end": "00:02:03", "text": "planning your exits for a bull cycle if"}, {"start": "00:02:03", "end": "00:02:06", "text": "it happens. So, I showed you this before"}, {"start": "00:02:06", "end": "00:02:08", "text": "we start dissecting price action,"}, {"start": "00:02:08", "end": "00:02:11", "text": "especially as we go into this new week"}, {"start": "00:02:11", "end": "00:02:13", "text": "tomorrow. And I want to use Ethereum for"}, {"start": "00:02:13", "end": "00:02:15", "text": "this. I wanted to just do something on"}, {"start": "00:02:15", "end": "00:02:17", "text": "this chart because one thing that I did"}, {"start": "00:02:17", "end": "00:02:21", "text": "notice was there are so there are a"}, {"start": "00:02:21", "end": "00:02:25", "text": "bunch of you know pieces of data we can"}, {"start": "00:02:25", "end": "00:02:26", "text": "pull from and I do it all the time. you"}, {"start": "00:02:26", "end": "00:02:29", "text": "know why I'm so bullish in if it's the"}, {"start": "00:02:29", "end": "00:02:30", "text": "business cycle that we're I think"}, {"start": "00:02:30", "end": "00:02:33", "text": "approaching a very good one for risk on"}, {"start": "00:02:33", "end": "00:02:35", "text": "assets liquidity"}, {"start": "00:02:35", "end": "00:02:38", "text": "if it's pro crypto legislation altcoin"}, {"start": "00:02:38", "end": "00:02:40", "text": "ETFs if it's the fact that all of this"}, {"start": "00:02:40", "end": "00:02:44", "text": "isn't happening right don't forget this"}, {"start": "00:02:44", "end": "00:02:47", "text": "right SEC was in play back here Fed"}, {"start": "00:02:47", "end": "00:02:49", "text": "started hiking rates and then we had"}, {"start": "00:02:49", "end": "00:02:52", "text": "Luna Celsius FTX don't forget these"}, {"start": "00:02:52", "end": "00:02:54", "text": "things everybody that bare market and"}, {"start": "00:02:54", "end": "00:02:56", "text": "and we have like the opposite of all of"}, {"start": "00:02:56", "end": "00:02:58", "text": "those things happening at a breakout"}, {"start": "00:02:58", "end": "00:03:00", "text": "area. But I actually noticed if you just"}, {"start": "00:03:00", "end": "00:03:02", "text": "look at the chart, I say we're in a"}, {"start": "00:03:02", "end": "00:03:04", "text": "pre-bull market area when I look at"}, {"start": "00:03:04", "end": "00:03:06", "text": "things like our risk model for even just"}, {"start": "00:03:06", "end": "00:03:08", "text": "the altcoin market cap chart. Looks like"}, {"start": "00:03:08", "end": "00:03:11", "text": "it's sitting at a 25 if I refresh this."}, {"start": "00:03:11", "end": "00:03:13", "text": "And we're we're at a we're at a pre-bull"}, {"start": "00:03:13", "end": "00:03:15", "text": "market or it's a 27 now. We're at a"}, {"start": "00:03:15", "end": "00:03:17", "text": "pre-bull market number. Clearly, that is"}, {"start": "00:03:17", "end": "00:03:19", "text": "incredibly low risk. But I was looking"}, {"start": "00:03:19", "end": "00:03:22", "text": "at our um that's our exit planner with"}, {"start": "00:03:22", "end": "00:03:25", "text": "our risk mode activated. But this is our"}, {"start": "00:03:25", "end": "00:03:28", "text": "bull bear arena. This is a shorter term"}, {"start": "00:03:28", "end": "00:03:30", "text": "momentum oscillator. This the purpose of"}, {"start": "00:03:30", "end": "00:03:33", "text": "of this I don't think is so much to do"}, {"start": "00:03:33", "end": "00:03:35", "text": "what I'm about to do. But I'm such a"}, {"start": "00:03:35", "end": "00:03:36", "text": "macro person that this is what I"}, {"start": "00:03:36", "end": "00:03:41", "text": "naturally do. I like to spot patterns"}, {"start": "00:03:41", "end": "00:03:43", "text": "and when it comes to momentum and that's"}, {"start": "00:03:43", "end": "00:03:45", "text": "what this is. This is a momentum kind of"}, {"start": "00:03:45", "end": "00:03:47", "text": "tool like especially for the short term."}, {"start": "00:03:47", "end": "00:03:49", "text": "So if you start zooming in on these"}, {"start": "00:03:49", "end": "00:03:51", "text": "charts, right, you get a sense of like"}, {"start": "00:03:51", "end": "00:03:53", "text": "and when we're in a move, how strong is"}, {"start": "00:03:53", "end": "00:03:55", "text": "the move? And even right now, if if I go"}, {"start": "00:03:55", "end": "00:03:58", "text": "to kind of if I zoom out, I can just go"}, {"start": "00:03:58", "end": "00:04:00", "text": "into the six-month and we can just see"}, {"start": "00:04:00", "end": "00:04:02", "text": "what this chart looks like right now."}, {"start": "00:04:02", "end": "00:04:05", "text": "Look at that. This is fake out after"}, {"start": "00:04:05", "end": "00:04:06", "text": "fake out. And here it is to July."}, {"start": "00:04:06", "end": "00:04:08", "text": "There's that fake out on the oscillator"}, {"start": "00:04:08", "end": "00:04:10", "text": "we just saw on the weekly. Boom, back"}, {"start": "00:04:10", "end": "00:04:12", "text": "down. Getting green, getting momentum."}, {"start": "00:04:12", "end": "00:04:15", "text": "Boom, back down. This is crazy, but it's"}, {"start": "00:04:15", "end": "00:04:17", "text": "suppression. And I think it's pre-bull"}, {"start": "00:04:17", "end": "00:04:19", "text": "market suppression. And so what I did"}, {"start": "00:04:19", "end": "00:04:22", "text": "was I zoomed out on the MAX on this. And"}, {"start": "00:04:22", "end": "00:04:26", "text": "this goes back, by the way, to 2013."}, {"start": "00:04:26", "end": "00:04:28", "text": "And I you have to stare at this for a"}, {"start": "00:04:28", "end": "00:04:29", "text": "while, but I just want to show you what"}, {"start": "00:04:29", "end": "00:04:31", "text": "I saw. This move that you see all in"}, {"start": "00:04:31", "end": "00:04:34", "text": "here, right? That July area, just all"}, {"start": "00:04:34", "end": "00:04:37", "text": "that chopping around. It generally is,"}, {"start": "00:04:37", "end": "00:04:39", "text": "and it has been higher highs, higher"}, {"start": "00:04:39", "end": "00:04:40", "text": "lows, everybody. That's what's been"}, {"start": "00:04:40", "end": "00:04:42", "text": "going on right here. It's not been like"}, {"start": "00:04:42", "end": "00:04:44", "text": "bare market. It's not been bull market."}, {"start": "00:04:44", "end": "00:04:46", "text": "It's just look how compressed and"}, {"start": "00:04:46", "end": "00:04:49", "text": "sideways it's been for so long. But this"}, {"start": "00:04:49", "end": "00:04:51", "text": "even recent July to where we are right"}, {"start": "00:04:51", "end": "00:04:53", "text": "now. You go back here. Boom. Very"}, {"start": "00:04:53", "end": "00:04:56", "text": "similar, very similar kind of just look"}, {"start": "00:04:56", "end": "00:04:57", "text": "and feel to what was happening right"}, {"start": "00:04:57", "end": "00:05:00", "text": "here. And this is August, September,"}, {"start": "00:05:00", "end": "00:05:03", "text": "October, November 2020. What is that?"}, {"start": "00:05:03", "end": "00:05:06", "text": "That's pre-bull area. And alls I'm"}, {"start": "00:05:06", "end": "00:05:08", "text": "trying to say is I'm not and I do this a"}, {"start": "00:05:08", "end": "00:05:10", "text": "lot saying kind of we're kind of in that"}, {"start": "00:05:10", "end": "00:05:11", "text": "area right now from different"}, {"start": "00:05:11", "end": "00:05:15", "text": "perspectives, right? But this is just"}, {"start": "00:05:15", "end": "00:05:17", "text": "another perspective. And then you go"}, {"start": "00:05:17", "end": "00:05:19", "text": "back, you go to 2017. Look at this. You"}, {"start": "00:05:19", "end": "00:05:22", "text": "see all this choppiness like kind of"}, {"start": "00:05:22", "end": "00:05:24", "text": "wondering what's going on right here"}, {"start": "00:05:24", "end": "00:05:27", "text": "sideways. It's been kind of up, right?"}, {"start": "00:05:27", "end": "00:05:30", "text": "Little volatile. There's the bears kind"}, {"start": "00:05:30", "end": "00:05:32", "text": "of in control. What's going on?"}, {"start": "00:05:32", "end": "00:05:35", "text": "That was pre-bull area. So if you just"}, {"start": "00:05:35", "end": "00:05:36", "text": "look at that visually, the momentum,"}, {"start": "00:05:36", "end": "00:05:38", "text": "this is a visual picture for me. That's"}, {"start": "00:05:38", "end": "00:05:40", "text": "what this is. You can use this in so"}, {"start": "00:05:40", "end": "00:05:42", "text": "many different ways. For me, this is a"}, {"start": "00:05:42", "end": "00:05:46", "text": "visual p picture. Momentum. I don't see"}, {"start": "00:05:46", "end": "00:05:49", "text": "like this, right? I don't see like bare"}, {"start": "00:05:49", "end": "00:05:52", "text": "market starting. Even still, that was"}, {"start": "00:05:52", "end": "00:05:54", "text": "two cycles ago. I don't see it last"}, {"start": "00:05:54", "end": "00:05:56", "text": "cycle. I don't see this bare market"}, {"start": "00:05:56", "end": "00:05:58", "text": "starting. I see pre-bull market. That's"}, {"start": "00:05:58", "end": "00:06:00", "text": "what I see when I look at the the"}, {"start": "00:06:00", "end": "00:06:02", "text": "similar consistencies of what I see"}, {"start": "00:06:02", "end": "00:06:04", "text": "here. I wanted to bring that up to you"}, {"start": "00:06:04", "end": "00:06:06", "text": "because it's just something I spotted in"}, {"start": "00:06:06", "end": "00:06:08", "text": "our intelligence system. What I want to"}, {"start": "00:06:08", "end": "00:06:10", "text": "do now though as we wait and we kind of"}, {"start": "00:06:10", "end": "00:06:11", "text": "wonder are we going to break to the"}, {"start": "00:06:11", "end": "00:06:13", "text": "upside or altcoins going to just boom"}, {"start": "00:06:13", "end": "00:06:15", "text": "right back down to key moving averages"}, {"start": "00:06:15", "end": "00:06:18", "text": "again. I wanted to take a glance at"}, {"start": "00:06:18", "end": "00:06:21", "text": "Ethereum. And so we'll we'll mainly just"}, {"start": "00:06:21", "end": "00:06:23", "text": "look at the daily chart. Couple things I"}, {"start": "00:06:23", "end": "00:06:24", "text": "want to mention to you. We're going to"}, {"start": "00:06:24", "end": "00:06:26", "text": "look at this momentum oscillator because"}, {"start": "00:06:26", "end": "00:06:28", "text": "you can just see the setup and I'm going"}, {"start": "00:06:28", "end": "00:06:30", "text": "to talk about the two scenarios that can"}, {"start": "00:06:30", "end": "00:06:32", "text": "happen. But what I want to just point"}, {"start": "00:06:32", "end": "00:06:34", "text": "out to you is"}, {"start": "00:06:34", "end": "00:06:36", "text": "all the analysis I've been doing on"}, {"start": "00:06:36", "end": "00:06:38", "text": "Ethereum. It's been insane for me to see"}, {"start": "00:06:38", "end": "00:06:40", "text": "this play out. We broke through the"}, {"start": "00:06:40", "end": "00:06:43", "text": "lower trend line, started talking about"}, {"start": "00:06:43", "end": "00:06:45", "text": "the busted pattern in play. That's in"}, {"start": "00:06:45", "end": "00:06:47", "text": "play. It happened. We broke the upper"}, {"start": "00:06:47", "end": "00:06:51", "text": "trend line. Busted pattern. Boom. Then"}, {"start": "00:06:51", "end": "00:06:54", "text": "typic typical move, right? We break to"}, {"start": "00:06:54", "end": "00:06:56", "text": "the upside and then we wait and we"}, {"start": "00:06:56", "end": "00:06:58", "text": "anticipate for the potential throwback."}, {"start": "00:06:58", "end": "00:06:59", "text": "And we had structure on this daily"}, {"start": "00:06:59", "end": "00:07:01", "text": "chart. If you haven't seen any of the"}, {"start": "00:07:01", "end": "00:07:03", "text": "analysis videos, this symmetrical"}, {"start": "00:07:03", "end": "00:07:04", "text": "triangle of structure. It's a shorter"}, {"start": "00:07:04", "end": "00:07:06", "text": "term triangle. So, we said, you know"}, {"start": "00:07:06", "end": "00:07:09", "text": "what? This is in play. The throwback is"}, {"start": "00:07:09", "end": "00:07:11", "text": "very in play. We have the target to the"}, {"start": "00:07:11", "end": "00:07:15", "text": "mid300s. We sit here $4,400 right now."}, {"start": "00:07:15", "end": "00:07:17", "text": "Even after this potential busted pattern"}, {"start": "00:07:17", "end": "00:07:18", "text": "on the short term is in play, and it"}, {"start": "00:07:18", "end": "00:07:21", "text": "still is, but we sit here. There might"}, {"start": "00:07:21", "end": "00:07:23", "text": "be rejection at this resistance. We are"}, {"start": "00:07:23", "end": "00:07:25", "text": "at the apex of this throwback move, this"}, {"start": "00:07:25", "end": "00:07:27", "text": "pullback move."}, {"start": "00:07:27", "end": "00:07:32", "text": "We could go down, hit the mid-300s. I am"}, {"start": "00:07:32", "end": "00:07:34", "text": "still incredibly bullish on the macro."}, {"start": "00:07:34", "end": "00:07:37", "text": "That's price action that I'm ready for."}, {"start": "00:07:37", "end": "00:07:39", "text": "But what I wanted to point to your"}, {"start": "00:07:39", "end": "00:07:41", "text": "attention is here's the two scenarios."}, {"start": "00:07:41", "end": "00:07:44", "text": "Okay, notice first we have the 20-day"}, {"start": "00:07:44", "end": "00:07:46", "text": "crossing below the 50. A lot of"}, {"start": "00:07:46", "end": "00:07:48", "text": "consolidation right here. We're above"}, {"start": "00:07:48", "end": "00:07:50", "text": "those moving averages, which is good,"}, {"start": "00:07:50", "end": "00:07:52", "text": "but we're at the apex resistance. You"}, {"start": "00:07:52", "end": "00:07:54", "text": "zoom out on this daily chart. I want to"}, {"start": "00:07:54", "end": "00:07:55", "text": "show you this."}, {"start": "00:07:55", "end": "00:07:59", "text": "go to the momentum oscillator and here"}, {"start": "00:07:59", "end": "00:08:03", "text": "we have this falling like lower highs on"}, {"start": "00:08:03", "end": "00:08:06", "text": "the oscillator the RSI good is that we"}, {"start": "00:08:06", "end": "00:08:09", "text": "are towards the end I would say there"}, {"start": "00:08:09", "end": "00:08:11", "text": "could still be another capitulation or"}, {"start": "00:08:11", "end": "00:08:13", "text": "something but we're getting closer to"}, {"start": "00:08:13", "end": "00:08:16", "text": "the end we're not like here but there's"}, {"start": "00:08:16", "end": "00:08:19", "text": "that right now we also had one back here"}, {"start": "00:08:19", "end": "00:08:22", "text": "and then we had one back here notice"}, {"start": "00:08:22", "end": "00:08:27", "text": "this remember this 20-day falling below"}, {"start": "00:08:27", "end": "00:08:30", "text": "the 50. This is just happening right at"}, {"start": "00:08:30", "end": "00:08:32", "text": "this moment of this lower high"}, {"start": "00:08:32", "end": "00:08:34", "text": "consolidation"}, {"start": "00:08:34", "end": "00:08:36", "text": "this time around."}, {"start": "00:08:36", "end": "00:08:39", "text": "20-day falling below the 50 at this"}, {"start": "00:08:39", "end": "00:08:42", "text": "moment right here towards the end of the"}, {"start": "00:08:42", "end": "00:08:45", "text": "consolidation"}, {"start": "00:08:45", "end": "00:08:48", "text": "right here this time around 20 below the"}, {"start": "00:08:48", "end": "00:08:53", "text": "50 right here"}, {"start": "00:08:53", "end": "00:08:57", "text": "towards the beginning of this downtrend."}, {"start": "00:08:57", "end": "00:09:00", "text": "What's good right now is and and here"}, {"start": "00:09:00", "end": "00:09:02", "text": "are the two scenarios by the way. It's"}, {"start": "00:09:02", "end": "00:09:06", "text": "these two. It's one and it's two. This"}, {"start": "00:09:06", "end": "00:09:09", "text": "one, it failed to break in continuation"}, {"start": "00:09:09", "end": "00:09:11", "text": "to the upside and we fell heavily to the"}, {"start": "00:09:11", "end": "00:09:13", "text": "downside. This is a while ago. This was"}, {"start": "00:09:13", "end": "00:09:16", "text": "March, spring of 2025. Different part of"}, {"start": "00:09:16", "end": "00:09:18", "text": "the business cycle, right, than we are"}, {"start": "00:09:18", "end": "00:09:20", "text": "right now. Different part of crypto"}, {"start": "00:09:20", "end": "00:09:22", "text": "cycles, different part of crypto"}, {"start": "00:09:22", "end": "00:09:24", "text": "legislation. There was tariff fear"}, {"start": "00:09:24", "end": "00:09:26", "text": "getting ready to come into play in like,"}, {"start": "00:09:26", "end": "00:09:31", "text": "you know, April. Different time. So"}, {"start": "00:09:31", "end": "00:09:32", "text": "that's one scenario though. we fail and"}, {"start": "00:09:32", "end": "00:09:37", "text": "we fall or 20-day balling below the 50."}, {"start": "00:09:37", "end": "00:09:39", "text": "There it is. Boom. Fake out. We continue"}, {"start": "00:09:39", "end": "00:09:42", "text": "higher. That's the other scenario. So,"}, {"start": "00:09:42", "end": "00:09:43", "text": "if you chart that, this is really, this"}, {"start": "00:09:43", "end": "00:09:45", "text": "is, I mean, this is really cool. You can"}, {"start": "00:09:45", "end": "00:09:47", "text": "literally, not because it's going to"}, {"start": "00:09:47", "end": "00:09:49", "text": "give you the exact targets and like the"}, {"start": "00:09:49", "end": "00:09:51", "text": "price action, but you can just chart a"}, {"start": "00:09:51", "end": "00:09:53", "text": "fractal from when the 20 was falling"}, {"start": "00:09:53", "end": "00:09:55", "text": "below the 50 back here. There's the"}, {"start": "00:09:55", "end": "00:09:57", "text": "move. This is basically where we are"}, {"start": "00:09:57", "end": "00:09:58", "text": "right now. Like this little pullback"}, {"start": "00:09:58", "end": "00:10:01", "text": "above the moving averages, right? You"}, {"start": "00:10:01", "end": "00:10:03", "text": "can take that and you can say there's"}, {"start": "00:10:03", "end": "00:10:05", "text": "scenario one. Obviously, I'm not saying"}, {"start": "00:10:05", "end": "00:10:07", "text": "we're going to 2,00. It could happen,"}, {"start": "00:10:07", "end": "00:10:10", "text": "but like it could be something like"}, {"start": "00:10:10", "end": "00:10:12", "text": "this. Hitting our target to the apex."}, {"start": "00:10:12", "end": "00:10:14", "text": "And then we can say, okay, here's"}, {"start": "00:10:14", "end": "00:10:16", "text": "scenario two. Here's the other 20 below"}, {"start": "00:10:16", "end": "00:10:20", "text": "the 50 and we have a breakout to the"}, {"start": "00:10:20", "end": "00:10:23", "text": "upside. What's clear here is nobody"}, {"start": "00:10:23", "end": "00:10:25", "text": "knows. And I never sit here and say that"}, {"start": "00:10:25", "end": "00:10:27", "text": "I know. I'm literally just thinking out"}, {"start": "00:10:27", "end": "00:10:29", "text": "loud with you and charting these charts"}, {"start": "00:10:29", "end": "00:10:31", "text": "because here we are. We're at"}, {"start": "00:10:31", "end": "00:10:32", "text": "resistance. Nobody knows what's going to"}, {"start": "00:10:32", "end": "00:10:34", "text": "happen going into this new week."}, {"start": "00:10:34", "end": "00:10:35", "text": "Everybody's watching charts. Everybody's"}, {"start": "00:10:35", "end": "00:10:38", "text": "watching altcoins, especially wondering,"}, {"start": "00:10:38", "end": "00:10:40", "text": "are they ever going to even enter a bull"}, {"start": "00:10:40", "end": "00:10:43", "text": "market? And since we're watching, if you"}, {"start": "00:10:43", "end": "00:10:45", "text": "go to the daily, the best thing to do is"}, {"start": "00:10:45", "end": "00:10:47", "text": "not really to guess what's going to"}, {"start": "00:10:47", "end": "00:10:49", "text": "happen. The best thing to do is chart"}, {"start": "00:10:49", "end": "00:10:51", "text": "something like this, especially with"}, {"start": "00:10:51", "end": "00:10:54", "text": "data that we have in terms of Ethereum"}, {"start": "00:10:54", "end": "00:10:57", "text": "price action. chart it, visualize it,"}, {"start": "00:10:57", "end": "00:10:58", "text": "and take any altcoin that you hold, take"}, {"start": "00:10:58", "end": "00:11:00", "text": "any position that you're in right now"}, {"start": "00:11:00", "end": "00:11:01", "text": "and say, you know what, am I comfortable"}, {"start": "00:11:01", "end": "00:11:04", "text": "with either way? Am I ready either way?"}, {"start": "00:11:04", "end": "00:11:06", "text": "That's that's always the answer that I"}, {"start": "00:11:06", "end": "00:11:08", "text": "need to come to. That is why I do"}, {"start": "00:11:08", "end": "00:11:10", "text": "analysis. And I just really like"}, {"start": "00:11:10", "end": "00:11:13", "text": "tracking the journey with y'all. So,"}, {"start": "00:11:13", "end": "00:11:14", "text": "these are the scenarios for Ethereum."}, {"start": "00:11:14", "end": "00:11:16", "text": "The question for you is, are you ready"}, {"start": "00:11:16", "end": "00:11:17", "text": "either way? Doesn't matter if you hold"}, {"start": "00:11:17", "end": "00:11:19", "text": "Ethereum, just any altcoins because this"}, {"start": "00:11:19", "end": "00:11:21", "text": "will be the general directions of of the"}, {"start": "00:11:21", "end": "00:11:25", "text": "altcoin markets. And so"}, {"start": "00:11:25", "end": "00:11:27", "text": "my thing is when I go to the altcoin"}, {"start": "00:11:27", "end": "00:11:30", "text": "chart, I zoom out. Yes, a breakout would"}, {"start": "00:11:30", "end": "00:11:31", "text": "be phenomenal, but the way this game has"}, {"start": "00:11:31", "end": "00:11:35", "text": "been played, especially this cycle, and"}, {"start": "00:11:35", "end": "00:11:37", "text": "with everything going on, let's just"}, {"start": "00:11:37", "end": "00:11:39", "text": "anticipate everything, which could"}, {"start": "00:11:39", "end": "00:11:42", "text": "include a throwback to the moving"}, {"start": "00:11:42", "end": "00:11:44", "text": "averages. We've been here before, right?"}, {"start": "00:11:44", "end": "00:11:47", "text": "Around a year ago, we got rejected."}, {"start": "00:11:47", "end": "00:11:49", "text": "Let's see what happens this time around."}, {"start": "00:11:49", "end": "00:11:53", "text": "I will say this on the macro because you"}, {"start": "00:11:53", "end": "00:11:54", "text": "know all the things that I talk about in"}, {"start": "00:11:54", "end": "00:11:58", "text": "this channel, I'm bullish and I remain"}, {"start": "00:11:58", "end": "00:12:00", "text": "so. So those are my thoughts this"}, {"start": "00:12:00", "end": "00:12:01", "text": "Saturday evening. If I hope you're"}, {"start": "00:12:01", "end": "00:12:03", "text": "having a good weekend out there and I"}, {"start": "00:12:03", "end": "00:12:04", "text": "hope you have a good start to your week."}, {"start": "00:12:04", "end": "00:12:05", "text": "Hit the subscribe if you're not a"}, {"start": "00:12:05", "end": "00:12:07", "text": "subscriber. Get into our intelligence"}, {"start": "00:12:07", "end": "00:12:09", "text": "system. Start using our exit planners"}, {"start": "00:12:09", "end": "00:12:11", "text": "with risk mode activated. You can get"}, {"start": "00:12:11", "end": "00:12:13", "text": "back there, start speculating with a"}, {"start": "00:12:13", "end": "00:12:14", "text": "bunch of different assets and you can"}, {"start": "00:12:14", "end": "00:12:17", "text": "price speculate, too. Get our risk"}, {"start": "00:12:17", "end": "00:12:19", "text": "models. And uh I appreciate you if you"}, {"start": "00:12:19", "end": "00:12:21", "text": "are trying the system out at the very"}, {"start": "00:12:21", "end": "00:12:23", "text": "least. And all you members out there,"}, {"start": "00:12:23", "end": "00:12:25", "text": "thank you for just being on board with"}, {"start": "00:12:25", "end": "00:12:27", "text": "us as we grow this thing. So I will see"}, {"start": "00:12:27", "end": "00:12:31", "text": "you all on the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Cardano holders have waited years for a"}, {"start": "00:00:02", "end": "00:00:05", "text": "tier one stable coin to enter the"}, {"start": "00:00:05", "end": "00:00:07", "text": "ecosystem. Could you imagine if this"}, {"start": "00:00:07", "end": "00:00:10", "text": "happens at the confluence of a starting"}, {"start": "00:00:10", "end": "00:00:13", "text": "bull market, Google Cloud also stepping"}, {"start": "00:00:13", "end": "00:00:16", "text": "into Cardano ecosystem and a whole list"}, {"start": "00:00:16", "end": "00:00:20", "text": "of Cardano ETFs, some active and some"}, {"start": "00:00:20", "end": "00:00:22", "text": "very much in play. I want to talk about"}, {"start": "00:00:22", "end": "00:00:23", "text": "all these things as it relates to"}, {"start": "00:00:23", "end": "00:00:25", "text": "Cardano as we make our way into the"}, {"start": "00:00:25", "end": "00:00:27", "text": "macro analysis on the weekly chart for"}, {"start": "00:00:27", "end": "00:00:30", "text": "Cardano as well as the short term"}, {"start": "00:00:30", "end": "00:00:31", "text": "because right now as we start evaluating"}, {"start": "00:00:31", "end": "00:00:33", "text": "the short-term price action of Cardano"}, {"start": "00:00:33", "end": "00:00:35", "text": "we are at immediate resistance and the"}, {"start": "00:00:35", "end": "00:00:38", "text": "range that we are at isn't that large"}, {"start": "00:00:38", "end": "00:00:39", "text": "but I want to discuss it because there's"}, {"start": "00:00:39", "end": "00:00:41", "text": "some caution to be had as always"}, {"start": "00:00:41", "end": "00:00:43", "text": "especially in these very volatile"}, {"start": "00:00:43", "end": "00:00:44", "text": "markets. So hit the subscribe and like"}, {"start": "00:00:44", "end": "00:00:46", "text": "on the way in. If you're not in our"}, {"start": "00:00:46", "end": "00:00:48", "text": "intelligence system click the link below"}, {"start": "00:00:48", "end": "00:00:50", "text": "set up a free trial. Set up your custom"}, {"start": "00:00:50", "end": "00:00:52", "text": "dashboard right here in our intelligence"}, {"start": "00:00:52", "end": "00:00:55", "text": "system. Use our risk models. Use our"}, {"start": "00:00:55", "end": "00:00:58", "text": "price mode to kind of speculate and plan"}, {"start": "00:00:58", "end": "00:01:00", "text": "your exit strategy. Imagine visualizing"}, {"start": "00:01:00", "end": "00:01:03", "text": "what selling looks like in a bull market"}, {"start": "00:01:03", "end": "00:01:05", "text": "so you have the plan before it happens."}, {"start": "00:01:05", "end": "00:01:07", "text": "Get back there. Start planning. Start"}, {"start": "00:01:07", "end": "00:01:09", "text": "strategizing. Let's start the video. I"}, {"start": "00:01:09", "end": "00:01:11", "text": "want to start here. This is uh Paul over"}, {"start": "00:01:11", "end": "00:01:14", "text": "here posting on X Cardano and tier one"}, {"start": "00:01:14", "end": "00:01:17", "text": "stable coins. Could this be the first"}, {"start": "00:01:17", "end": "00:01:19", "text": "big win for Cardano of a combined"}, {"start": "00:01:19", "end": "00:01:21", "text": "approach from all entities? Check this"}, {"start": "00:01:21", "end": "00:01:22", "text": "out really quick."}, {"start": "00:01:22", "end": "00:01:23", "text": "I think one of the missing core"}, {"start": "00:01:23", "end": "00:01:25", "text": "primitives is a tier one stable coming"}, {"start": "00:01:25", "end": "00:01:28", "text": "into the ecosystem. So there have been"}, {"start": "00:01:28", "end": "00:01:30", "text": "numerous conversations by different"}, {"start": "00:01:30", "end": "00:01:34", "text": "parts of Cardano. So IO CF ourselves in"}, {"start": "00:01:34", "end": "00:01:37", "text": "by the way like this video that you're"}, {"start": "00:01:37", "end": "00:01:41", "text": "watching is is basically the three arms"}, {"start": "00:01:41", "end": "00:01:45", "text": "of Cardano, right? IO, Cardono"}, {"start": "00:01:45", "end": "00:01:48", "text": "Foundation, Emergo, and we have waited"}, {"start": "00:01:48", "end": "00:01:50", "text": "years for stable coins. And this is what"}, {"start": "00:01:50", "end": "00:01:51", "text": "he's talking about."}, {"start": "00:01:51", "end": "00:01:53", "text": "Facing off against the USDTs, the"}, {"start": "00:01:53", "end": "00:01:56", "text": "USDC's, USD1s, etc. in the world. Um, 24"}, {"start": "00:01:56", "end": "00:02:00", "text": "hours ago in a room not far from here,"}, {"start": "00:02:00", "end": "00:02:03", "text": "Fred, myself, Charles, family from"}, {"start": "00:02:03", "end": "00:02:04", "text": "midnight"}, {"start": "00:02:04", "end": "00:02:08", "text": "were in a room speaking to a tier one"}, {"start": "00:02:08", "end": "00:02:11", "text": "and collectively. So that's this is like"}, {"start": "00:02:11", "end": "00:02:14", "text": "if there was a post on X of just like"}, {"start": "00:02:14", "end": "00:02:17", "text": "that these people were talking to a tier"}, {"start": "00:02:17", "end": "00:02:19", "text": "one that would be like like a very"}, {"start": "00:02:19", "end": "00:02:21", "text": "bullish post but here's a video and he's"}, {"start": "00:02:21", "end": "00:02:23", "text": "telling a story of this happening 24"}, {"start": "00:02:23", "end": "00:02:25", "text": "hours ago and obviously this was posted"}, {"start": "00:02:25", "end": "00:02:26", "text": "yesterday but check it out"}, {"start": "00:02:26", "end": "00:02:29", "text": "presenting Cardano's compelling you know"}, {"start": "00:02:29", "end": "00:02:31", "text": "ecosystem and need for a tier one"}, {"start": "00:02:31", "end": "00:02:34", "text": "stable. In fact, in that meeting, they"}, {"start": "00:02:34", "end": "00:02:35", "text": "also pitched to us why they find us"}, {"start": "00:02:35", "end": "00:02:37", "text": "attractive and why they think that"}, {"start": "00:02:37", "end": "00:02:38", "text": "there's a real opportunity to work"}, {"start": "00:02:38", "end": "00:02:41", "text": "together. And so, that is an example"}, {"start": "00:02:41", "end": "00:02:43", "text": "that I don't think many in the community"}, {"start": "00:02:43", "end": "00:02:46", "text": "thought would be possible even two weeks"}, {"start": "00:02:46", "end": "00:02:49", "text": "ago, but we actually made it happen"}, {"start": "00:02:49", "end": "00:02:51", "text": "because we actually want what's best for"}, {"start": "00:02:51", "end": "00:02:53", "text": "the community."}, {"start": "00:02:53", "end": "00:02:55", "text": "Surprise, surprise, right? And when"}, {"start": "00:02:55", "end": "00:02:56", "text": "So, that's not even the best part. What"}, {"start": "00:02:56", "end": "00:02:58", "text": "he's about to say is the best part. So,"}, {"start": "00:02:58", "end": "00:03:00", "text": "check it out. experienced professionals"}, {"start": "00:03:00", "end": "00:03:03", "text": "kind of talk and understand what is"}, {"start": "00:03:03", "end": "00:03:06", "text": "missing and what can we do together,"}, {"start": "00:03:06", "end": "00:03:08", "text": "you'll find very quickly that we can"}, {"start": "00:03:08", "end": "00:03:10", "text": "make it happen. So, I think in the"}, {"start": "00:03:10", "end": "00:03:13", "text": "coming weeks um and months, you're going"}, {"start": "00:03:13", "end": "00:03:14", "text": "to see a few announcements that are"}, {"start": "00:03:14", "end": "00:03:17", "text": "going to fill a few of those big"}, {"start": "00:03:17", "end": "00:03:18", "text": "potholes."}, {"start": "00:03:18", "end": "00:03:21", "text": "That's crazy. a few big So this is that"}, {"start": "00:03:21", "end": "00:03:23", "text": "to me sounds like a few big"}, {"start": "00:03:23", "end": "00:03:26", "text": "announcements for tier one stable coin"}, {"start": "00:03:26", "end": "00:03:29", "text": "to Cardano in the short to midterm and"}, {"start": "00:03:29", "end": "00:03:31", "text": "that's what I'm saying right at the"}, {"start": "00:03:31", "end": "00:03:33", "text": "confluence of where we are from a macro"}, {"start": "00:03:33", "end": "00:03:35", "text": "cycle perspective from a business cycle"}, {"start": "00:03:35", "end": "00:03:38", "text": "standpoint. So this is massive. It"}, {"start": "00:03:38", "end": "00:03:40", "text": "really came out of nowhere. Cardono has"}, {"start": "00:03:40", "end": "00:03:42", "text": "a lot of other bullishness going on. We"}, {"start": "00:03:42", "end": "00:03:44", "text": "just saw this Google Cloud stepping into"}, {"start": "00:03:44", "end": "00:03:45", "text": "Cardano's ecosystem through its"}, {"start": "00:03:45", "end": "00:03:48", "text": "partnership with Midnight by running a"}, {"start": "00:03:48", "end": "00:03:50", "text": "validator node. Google Cloud won't just"}, {"start": "00:03:50", "end": "00:03:52", "text": "interact with ADA. They'll also hold"}, {"start": "00:03:52", "end": "00:03:55", "text": "Cardano native tokens like Knight. So,"}, {"start": "00:03:55", "end": "00:03:58", "text": "this is massive. And then do not forget"}, {"start": "00:03:58", "end": "00:04:00", "text": "the momentum that Cardano is getting in"}, {"start": "00:04:00", "end": "00:04:04", "text": "terms of ETFs. So, here's here are"}, {"start": "00:04:04", "end": "00:04:08", "text": "dedicated ADA products and ETFs right"}, {"start": "00:04:08", "end": "00:04:10", "text": "here that are kind of out there. 21"}, {"start": "00:04:10", "end": "00:04:13", "text": "shares, uh, hashtags, NASDAQ, and by the"}, {"start": "00:04:13", "end": "00:04:15", "text": "way, this was just readded in this"}, {"start": "00:04:15", "end": "00:04:18", "text": "month, October 2025."}, {"start": "00:04:18", "end": "00:04:20", "text": "it was reedded to it. Grayscale Digital"}, {"start": "00:04:20", "end": "00:04:23", "text": "Large Cap Fund, Coin Shares Altcoin ETF."}, {"start": "00:04:23", "end": "00:04:26", "text": "But check this out. Up and coming"}, {"start": "00:04:26", "end": "00:04:30", "text": "Grayscale Cardano Spot ETF and a Tuttle"}, {"start": "00:04:30", "end": "00:04:34", "text": "Capital 2X Cardano leveraged ETF."}, {"start": "00:04:34", "end": "00:04:37", "text": "Cardano has so much going on right now"}, {"start": "00:04:37", "end": "00:04:40", "text": "in terms of and listen, this is a"}, {"start": "00:04:40", "end": "00:04:43", "text": "proven, secure, most decentralized top"}, {"start": "00:04:43", "end": "00:04:46", "text": "10. It is so well positioned to"}, {"start": "00:04:46", "end": "00:04:49", "text": "capitalize on the liquidity, the the"}, {"start": "00:04:49", "end": "00:04:51", "text": "inflows that are coming into crypto, to"}, {"start": "00:04:51", "end": "00:04:54", "text": "capitalize on all the proc crypto"}, {"start": "00:04:54", "end": "00:04:56", "text": "legislation and innovation, Bitcoin,"}, {"start": "00:04:56", "end": "00:04:59", "text": "DeFi, everything. It is positioned the"}, {"start": "00:04:59", "end": "00:05:02", "text": "fundamental value pay play for Cardano"}, {"start": "00:05:02", "end": "00:05:04", "text": "is lining up very nicely. This is why"}, {"start": "00:05:04", "end": "00:05:07", "text": "I've called Cardano a value play over"}, {"start": "00:05:07", "end": "00:05:09", "text": "the years. It is not. When it comes to"}, {"start": "00:05:09", "end": "00:05:11", "text": "Cardano or I'm sorry, when it comes to"}, {"start": "00:05:11", "end": "00:05:14", "text": "crypto, this has not been a terrible"}, {"start": "00:05:14", "end": "00:05:17", "text": "asset to accumulate. As much hate as"}, {"start": "00:05:17", "end": "00:05:20", "text": "Cardano gets for, you know, maybe a lot"}, {"start": "00:05:20", "end": "00:05:24", "text": "of sideways and and just extended"}, {"start": "00:05:24", "end": "00:05:25", "text": "consolidation."}, {"start": "00:05:25", "end": "00:05:27", "text": "It's not just Cardano. This has been the"}, {"start": "00:05:27", "end": "00:05:30", "text": "altcoin markets, but since bare market"}, {"start": "00:05:30", "end": "00:05:33", "text": "lows in 2023, here you can see it's been"}, {"start": "00:05:33", "end": "00:05:34", "text": "higher highs and higher lows. If you've"}, {"start": "00:05:34", "end": "00:05:37", "text": "been accumulating Cardano into this part"}, {"start": "00:05:37", "end": "00:05:40", "text": "of the cycle,"}, {"start": "00:05:40", "end": "00:05:41", "text": "I don't think you've done anything"}, {"start": "00:05:41", "end": "00:05:44", "text": "wrong. I really don't. I think you are"}, {"start": "00:05:44", "end": "00:05:47", "text": "very nicely prepared and positioned."}, {"start": "00:05:47", "end": "00:05:48", "text": "That's what I think. So, let's start"}, {"start": "00:05:48", "end": "00:05:51", "text": "talking about this. I I I know I'm on"}, {"start": "00:05:51", "end": "00:05:52", "text": "the weekly. I just want to take a glance"}, {"start": "00:05:52", "end": "00:05:54", "text": "at the monthly right now just to kind of"}, {"start": "00:05:54", "end": "00:05:57", "text": "point something out to you. The the"}, {"start": "00:05:57", "end": "00:05:59", "text": "I mean, you can see last cycle it's it"}, {"start": "00:05:59", "end": "00:06:01", "text": "was it was very similar, right? We've"}, {"start": "00:06:01", "end": "00:06:03", "text": "done this non-stop comparing these"}, {"start": "00:06:03", "end": "00:06:05", "text": "things. The only difference is it's just"}, {"start": "00:06:05", "end": "00:06:07", "text": "longer this time and that's because"}, {"start": "00:06:07", "end": "00:06:10", "text": "we've had an extended business cycle."}, {"start": "00:06:10", "end": "00:06:11", "text": "But I just want to point out to you on"}, {"start": "00:06:11", "end": "00:06:15", "text": "the monthly the RSI it is"}, {"start": "00:06:15", "end": "00:06:18", "text": "it's just so bullish. I don't know how"}, {"start": "00:06:18", "end": "00:06:21", "text": "how else to say that. That's not like an"}, {"start": "00:06:21", "end": "00:06:25", "text": "opinion in terms of emotion. That's an"}, {"start": "00:06:25", "end": "00:06:28", "text": "opinion based on strict data. And if you"}, {"start": "00:06:28", "end": "00:06:31", "text": "see a monthly RSI with this uptrend of"}, {"start": "00:06:31", "end": "00:06:34", "text": "higher highs, higher lows, and you and"}, {"start": "00:06:34", "end": "00:06:36", "text": "you even especially in crypto, this"}, {"start": "00:06:36", "end": "00:06:37", "text": "becomes very valuable. You look at"}, {"start": "00:06:37", "end": "00:06:39", "text": "previous cycles and where these cryptos"}, {"start": "00:06:39", "end": "00:06:42", "text": "have topped out and bull markets, you"}, {"start": "00:06:42", "end": "00:06:44", "text": "can just see the upside that Cardano has"}, {"start": "00:06:44", "end": "00:06:46", "text": "right now. We are quite literally like"}, {"start": "00:06:46", "end": "00:06:50", "text": "kind of right here in terms of Cardano"}, {"start": "00:06:50", "end": "00:06:52", "text": "upside potential. So that's the monthly."}, {"start": "00:06:52", "end": "00:06:54", "text": "If you go over here to the weekly, I"}, {"start": "00:06:54", "end": "00:06:56", "text": "just want to give an update on something"}, {"start": "00:06:56", "end": "00:06:57", "text": "because it's something I've been we've"}, {"start": "00:06:57", "end": "00:06:59", "text": "been just tracking on this channel for"}, {"start": "00:06:59", "end": "00:07:00", "text": "months. You know, we've been tracking"}, {"start": "00:07:00", "end": "00:07:03", "text": "this for months. This 20 or I'm sorry."}, {"start": "00:07:03", "end": "00:07:06", "text": "Yeah, the this 200 week moving average,"}, {"start": "00:07:06", "end": "00:07:08", "text": "I want to just put this area here."}, {"start": "00:07:08", "end": "00:07:10", "text": "Always have it on our radar. Not because"}, {"start": "00:07:10", "end": "00:07:13", "text": "it's like a target for Cardano. I just"}, {"start": "00:07:13", "end": "00:07:15", "text": "want to have it on the radar. But that"}, {"start": "00:07:15", "end": "00:07:18", "text": "200 week moving average and then we have"}, {"start": "00:07:18", "end": "00:07:20", "text": "the 20week moving average entering the"}, {"start": "00:07:20", "end": "00:07:22", "text": "bare market back here. this bull market"}, {"start": "00:07:22", "end": "00:07:24", "text": "door area. We've been faked out enough"}, {"start": "00:07:24", "end": "00:07:28", "text": "since the last kind of run that we had"}, {"start": "00:07:28", "end": "00:07:30", "text": "around a year ago to the bull market"}, {"start": "00:07:30", "end": "00:07:34", "text": "door area. I'm just waiting. I'm simply"}, {"start": "00:07:34", "end": "00:07:36", "text": "waiting on the macro for this to break."}, {"start": "00:07:36", "end": "00:07:38", "text": "I don't know how else to put it. I will"}, {"start": "00:07:38", "end": "00:07:40", "text": "track price action and we're about to on"}, {"start": "00:07:40", "end": "00:07:42", "text": "the daily chart. We might get faked out"}, {"start": "00:07:42", "end": "00:07:44", "text": "again. Everybody's getting very bullish."}, {"start": "00:07:44", "end": "00:07:47", "text": "This all this this happens so often. I"}, {"start": "00:07:47", "end": "00:07:48", "text": "want to look at the confirmation area"}, {"start": "00:07:48", "end": "00:07:50", "text": "that that Cardano needs to break. But"}, {"start": "00:07:50", "end": "00:07:52", "text": "there's reason to be caution or"}, {"start": "00:07:52", "end": "00:07:55", "text": "cautious. But with that being said,"}, {"start": "00:07:55", "end": "00:07:57", "text": "going back to this chart, if we start"}, {"start": "00:07:57", "end": "00:08:00", "text": "making a break into this pattern to the"}, {"start": "00:08:00", "end": "00:08:02", "text": "upside, we're going to talk about how"}, {"start": "00:08:02", "end": "00:08:04", "text": "bullish that can be. This could be the"}, {"start": "00:08:04", "end": "00:08:06", "text": "path to the$1205"}, {"start": "00:08:06", "end": "00:08:09", "text": "area that on the macro really needs to"}, {"start": "00:08:09", "end": "00:08:12", "text": "break. One thing before we pivot to the"}, {"start": "00:08:12", "end": "00:08:14", "text": "short-term price action and what's going"}, {"start": "00:08:14", "end": "00:08:16", "text": "on with ADA that I just want to point"}, {"start": "00:08:16", "end": "00:08:19", "text": "out to you that I find so exciting is we"}, {"start": "00:08:19", "end": "00:08:20", "text": "are at this price level that we were"}, {"start": "00:08:20", "end": "00:08:23", "text": "here that we were at in February 2021."}, {"start": "00:08:23", "end": "00:08:25", "text": "And I know I mentioned this in"}, {"start": "00:08:25", "end": "00:08:26", "text": "yesterday's video, so forgive me for"}, {"start": "00:08:26", "end": "00:08:28", "text": "repeating myself, but if we go into our"}, {"start": "00:08:28", "end": "00:08:31", "text": "intelligence system and we click Cardano"}, {"start": "00:08:31", "end": "00:08:32", "text": "and we click the risk model and we open"}, {"start": "00:08:32", "end": "00:08:35", "text": "the risk model. So we're at the same"}, {"start": "00:08:35", "end": "00:08:37", "text": "price point basically as like right here"}, {"start": "00:08:37", "end": "00:08:40", "text": "if I can. There's 68. Let me zoom in a"}, {"start": "00:08:40", "end": "00:08:43", "text": "little bit. So like 70. Right now we're"}, {"start": "00:08:43", "end": "00:08:46", "text": "at 86 cents. So there's a really fast"}, {"start": "00:08:46", "end": "00:08:49", "text": "pop from 70 to 92. Look at that. In one"}, {"start": "00:08:49", "end": "00:08:51", "text": "day, look how quick this moves. But"}, {"start": "00:08:51", "end": "00:08:53", "text": "either way, 92 cents. We're right in the"}, {"start": "00:08:53", "end": "00:08:57", "text": "range. 80 risk score. Right now we're at"}, {"start": "00:08:57", "end": "00:08:59", "text": "a similar price point and we are at a"}, {"start": "00:08:59", "end": "00:09:02", "text": "complete lowrisk pre-bull market number"}, {"start": "00:09:02", "end": "00:09:04", "text": "37. I just want to keep pointing that"}, {"start": "00:09:04", "end": "00:09:06", "text": "out to you. And when this gets into"}, {"start": "00:09:06", "end": "00:09:09", "text": "actionable areas, probably 50s, 60s,7s"}, {"start": "00:09:09", "end": "00:09:11", "text": "and above, I will not be showing this"}, {"start": "00:09:11", "end": "00:09:13", "text": "chart. This is for members. That is what"}, {"start": "00:09:13", "end": "00:09:15", "text": "this is for. Right now, we're we're in a"}, {"start": "00:09:15", "end": "00:09:17", "text": "moderate buy territory, but we're not so"}, {"start": "00:09:17", "end": "00:09:20", "text": "much in heavy accumulation or heavy sell"}, {"start": "00:09:20", "end": "00:09:22", "text": "mode, right? So, I'll continue showing"}, {"start": "00:09:22", "end": "00:09:24", "text": "the chart while it's neutral in this"}, {"start": "00:09:24", "end": "00:09:26", "text": "area. But just look at that, everybody."}, {"start": "00:09:26", "end": "00:09:29", "text": "I can't believe we're at a similar price"}, {"start": "00:09:29", "end": "00:09:32", "text": "point. And we see this reflected on"}, {"start": "00:09:32", "end": "00:09:34", "text": "things like the monthly RSI in terms of"}, {"start": "00:09:34", "end": "00:09:36", "text": "where we are in the cycle. But that is"}, {"start": "00:09:36", "end": "00:09:39", "text": "very bullish in my opinion for Cardano."}, {"start": "00:09:39", "end": "00:09:41", "text": "So let's go and let's do some short-term"}, {"start": "00:09:41", "end": "00:09:43", "text": "Cardano analysis. Right now we are"}, {"start": "00:09:43", "end": "00:09:46", "text": "looking at uh a short-term resistance"}, {"start": "00:09:46", "end": "00:09:47", "text": "area. And I want to bring into play some"}, {"start": "00:09:47", "end": "00:09:50", "text": "context. This is from September 20th."}, {"start": "00:09:50", "end": "00:09:53", "text": "Check it out. How a dip from where we"}, {"start": "00:09:53", "end": "00:09:56", "text": "are right now to a target is boom 27,"}, {"start": "00:09:56", "end": "00:10:00", "text": "right? 27% 28%. It's a higher low"}, {"start": "00:10:00", "end": "00:10:02", "text": "Fibonacci that we have right there. So"}, {"start": "00:10:02", "end": "00:10:04", "text": "swing low to swing high. There's a"}, {"start": "00:10:04", "end": "00:10:07", "text": "higher low Fibonacci. This is in play. I"}, {"start": "00:10:07", "end": "00:10:09", "text": "don't want it to happen. Be prepared."}, {"start": "00:10:09", "end": "00:10:11", "text": "The first things first though, do we get"}, {"start": "00:10:11", "end": "00:10:14", "text": "support here and bounce start making a"}, {"start": "00:10:14", "end": "00:10:15", "text": "move to the upside"}, {"start": "00:10:15", "end": "00:10:18", "text": "or do we fall for a busted pattern fake"}, {"start": "00:10:18", "end": "00:10:20", "text": "out and then we get the move to the"}, {"start": "00:10:20", "end": "00:10:22", "text": "upside. So check that out. You see that"}, {"start": "00:10:22", "end": "00:10:24", "text": "pattern that break to the downside and"}, {"start": "00:10:24", "end": "00:10:28", "text": "the potential fake out. This is exactly"}, {"start": "00:10:28", "end": "00:10:30", "text": "what has happened and this is exactly"}, {"start": "00:10:30", "end": "00:10:31", "text": "what is in play right now. But that"}, {"start": "00:10:31", "end": "00:10:33", "text": "doesn't mean we're out of the woods. We"}, {"start": "00:10:33", "end": "00:10:35", "text": "are going to look at the confirmation"}, {"start": "00:10:35", "end": "00:10:38", "text": "areas that need to happen. So now that"}, {"start": "00:10:38", "end": "00:10:40", "text": "we're here at this part of the video,"}, {"start": "00:10:40", "end": "00:10:42", "text": "let's watch the confirmation area. It's"}, {"start": "00:10:42", "end": "00:10:45", "text": "so simple. It's this trend line. And now"}, {"start": "00:10:45", "end": "00:10:46", "text": "we're really testing even on the very"}, {"start": "00:10:46", "end": "00:10:49", "text": "short term the 20 uh the 20 in green and"}, {"start": "00:10:49", "end": "00:10:52", "text": "the and the 50 in blue. So this range of"}, {"start": "00:10:52", "end": "00:10:57", "text": "like 84 to 86 cents this is a very key"}, {"start": "00:10:57", "end": "00:11:00", "text": "area now that we are above it and the"}, {"start": "00:11:00", "end": "00:11:02", "text": "question is will it stay above and start"}, {"start": "00:11:02", "end": "00:11:04", "text": "getting separation from the area and if"}, {"start": "00:11:04", "end": "00:11:06", "text": "it does well then we have to contest"}, {"start": "00:11:06", "end": "00:11:08", "text": "with this trend line. We want to see ADA"}, {"start": "00:11:08", "end": "00:11:12", "text": "break into kind of this this apex of"}, {"start": "00:11:12", "end": "00:11:15", "text": "this wedge that we have here so that we"}, {"start": "00:11:15", "end": "00:11:17", "text": "can see a busted pattern. I posted not"}, {"start": "00:11:17", "end": "00:11:21", "text": "long ago on X like a $160 can happen"}, {"start": "00:11:21", "end": "00:11:23", "text": "sooner than most people think. Something"}, {"start": "00:11:23", "end": "00:11:25", "text": "like that. I don't know. But this is why"}, {"start": "00:11:25", "end": "00:11:26", "text": "and I think it might have been even"}, {"start": "00:11:26", "end": "00:11:28", "text": "before we broke to the downside. But"}, {"start": "00:11:28", "end": "00:11:30", "text": "it's just the sense of if this played"}, {"start": "00:11:30", "end": "00:11:33", "text": "out to be a bullish break to the upside"}, {"start": "00:11:33", "end": "00:11:36", "text": "that could be it would have been boom or"}, {"start": "00:11:36", "end": "00:11:38", "text": "it could be a busted pattern then a$160"}, {"start": "00:11:38", "end": "00:11:41", "text": "can can happen quite quickly. And so"}, {"start": "00:11:41", "end": "00:11:44", "text": "that is in play. But let's be very"}, {"start": "00:11:44", "end": "00:11:47", "text": "cautious. This crypto market for quite"}, {"start": "00:11:47", "end": "00:11:50", "text": "some time now has faked us out over and"}, {"start": "00:11:50", "end": "00:11:53", "text": "over again. People get excited and then"}, {"start": "00:11:53", "end": "00:11:56", "text": "resistance and then boom, we could be"}, {"start": "00:11:56", "end": "00:11:59", "text": "sometime in October falling towards the"}, {"start": "00:11:59", "end": "00:12:01", "text": "60s. Be very cautious. I don't know how"}, {"start": "00:12:01", "end": "00:12:02", "text": "else to say it. We've seen this happen"}, {"start": "00:12:02", "end": "00:12:05", "text": "time and time again. But what's cool is"}, {"start": "00:12:05", "end": "00:12:07", "text": "we do have confirmation areas. If"}, {"start": "00:12:07", "end": "00:12:09", "text": "Cardono starts breaking back into this"}, {"start": "00:12:09", "end": "00:12:12", "text": "move and into this apex above this trend"}, {"start": "00:12:12", "end": "00:12:15", "text": "line, well then it's like, okay, maybe"}, {"start": "00:12:15", "end": "00:12:17", "text": "we have actually some real bullish"}, {"start": "00:12:17", "end": "00:12:19", "text": "confirmation here instead of another"}, {"start": "00:12:19", "end": "00:12:22", "text": "simple fake out. A very good way to show"}, {"start": "00:12:22", "end": "00:12:25", "text": "you what this looks like is right here."}, {"start": "00:12:25", "end": "00:12:27", "text": "We had a move to the downside. We pulled"}, {"start": "00:12:27", "end": "00:12:29", "text": "back into the moving averages. We wicked"}, {"start": "00:12:29", "end": "00:12:31", "text": "a little bit above the moving averages."}, {"start": "00:12:31", "end": "00:12:32", "text": "Right? So, this is the last time the 20"}, {"start": "00:12:32", "end": "00:12:34", "text": "fell below the 50. Right now, that's"}, {"start": "00:12:34", "end": "00:12:36", "text": "what's happening. And the 20 just fell"}, {"start": "00:12:36", "end": "00:12:38", "text": "below the 50, right? And we're getting"}, {"start": "00:12:38", "end": "00:12:40", "text": "the pullback. So, we had the pullback"}, {"start": "00:12:40", "end": "00:12:42", "text": "here and it failed. Boom. We might get"}, {"start": "00:12:42", "end": "00:12:45", "text": "the pullback here. We might fail. Boom."}, {"start": "00:12:45", "end": "00:12:48", "text": "Be careful. But if we start breaking"}, {"start": "00:12:48", "end": "00:12:51", "text": "above now, we have something very cool"}, {"start": "00:12:51", "end": "00:12:54", "text": "in play for Cardano ADA. And this is"}, {"start": "00:12:54", "end": "00:12:56", "text": "what I'm waiting for. So, really, I want"}, {"start": "00:12:56", "end": "00:12:59", "text": "to see ADA break very strongly. And"}, {"start": "00:12:59", "end": "00:13:01", "text": "that's as of today. This could be in a"}, {"start": "00:13:01", "end": "00:13:03", "text": "couple days even higher, but very"}, {"start": "00:13:03", "end": "00:13:05", "text": "strongly through the the lower 90s."}, {"start": "00:13:05", "end": "00:13:08", "text": "We're at 86 cents right now. We need a"}, {"start": "00:13:08", "end": "00:13:11", "text": "power move for ADA for me on the short"}, {"start": "00:13:11", "end": "00:13:13", "text": "term to even start thinking of the bulls"}, {"start": "00:13:13", "end": "00:13:16", "text": "and the bull momentum is confirmed. So,"}, {"start": "00:13:16", "end": "00:13:18", "text": "that's what I'm watching. And now that"}, {"start": "00:13:18", "end": "00:13:19", "text": "I'm actually talking about that, I"}, {"start": "00:13:19", "end": "00:13:21", "text": "haven't looked at the bull bear arena"}, {"start": "00:13:21", "end": "00:13:24", "text": "completely or very often lately, but I"}, {"start": "00:13:24", "end": "00:13:26", "text": "do want to look at Cardano. And you can"}, {"start": "00:13:26", "end": "00:13:28", "text": "just see this is a shorter term kind of"}, {"start": "00:13:28", "end": "00:13:31", "text": "momentum gauge. The bulls and bears"}, {"start": "00:13:31", "end": "00:13:32", "text": "duking it out. Right now the bulls are"}, {"start": "00:13:32", "end": "00:13:35", "text": "not in control in terms of ADA. So we"}, {"start": "00:13:35", "end": "00:13:37", "text": "start seeing ADA make that price move. I"}, {"start": "00:13:37", "end": "00:13:39", "text": "think we'll start seeing uh the bulls in"}, {"start": "00:13:39", "end": "00:13:42", "text": "more control on that chart. So let me"}, {"start": "00:13:42", "end": "00:13:44", "text": "know your thoughts everybody. Cardano's"}, {"start": "00:13:44", "end": "00:13:46", "text": "bullish on the weekly. Cardano's bullish"}, {"start": "00:13:46", "end": "00:13:48", "text": "on the macro. Right now we'll track"}, {"start": "00:13:48", "end": "00:13:49", "text": "short-term price action. Be careful out"}, {"start": "00:13:49", "end": "00:13:51", "text": "there is all I'll say. But either way"}, {"start": "00:13:51", "end": "00:13:53", "text": "there's so much going on. And if you"}, {"start": "00:13:53", "end": "00:13:55", "text": "found any value from this video, please"}, {"start": "00:13:55", "end": "00:13:57", "text": "consider subscribing, giving it a like,"}, {"start": "00:13:57", "end": "00:13:58", "text": "and if you're not in our intelligence"}, {"start": "00:13:58", "end": "00:14:01", "text": "system with our risk mis risk models, we"}, {"start": "00:14:01", "end": "00:14:03", "text": "just added XLM stellar yesterday. We've"}, {"start": "00:14:03", "end": "00:14:05", "text": "got a bunch others. Get back there. Get"}, {"start": "00:14:05", "end": "00:14:07", "text": "in our exit planner. Start planning with"}, {"start": "00:14:07", "end": "00:14:10", "text": "price mode. So speculizing, speculating."}, {"start": "00:14:10", "end": "00:14:13", "text": "Wow. Speculizing. I'm not even going to"}, {"start": "00:14:13", "end": "00:14:16", "text": "edit it, everybody. Risk mode. Um, and"}, {"start": "00:14:16", "end": "00:14:18", "text": "and really start bringing emotion out of"}, {"start": "00:14:18", "end": "00:14:20", "text": "the equation. just looking at risk and"}, {"start": "00:14:20", "end": "00:14:22", "text": "planning that way, setting alerts. Get"}, {"start": "00:14:22", "end": "00:14:24", "text": "back there, try it out, and let me know"}, {"start": "00:14:24", "end": "00:14:26", "text": "what you think. I appreciate each and"}, {"start": "00:14:26", "end": "00:14:27", "text": "every one of you. I'll see you in the"}, {"start": "00:14:27", "end": "00:14:32", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "This weekly chart zoomed out is stellar"}, {"start": "00:00:03", "end": "00:00:05", "text": "XLM. A chart that has massively"}, {"start": "00:00:05", "end": "00:00:07", "text": "surprised me as I've decided to do some"}, {"start": "00:00:07", "end": "00:00:11", "text": "analysis, macro cycle, multicycle"}, {"start": "00:00:11", "end": "00:00:14", "text": "analysis on this chart. And it becomes"}, {"start": "00:00:14", "end": "00:00:15", "text": "interesting when we start comparing it"}, {"start": "00:00:15", "end": "00:00:17", "text": "to something like Cardano ADA, which is"}, {"start": "00:00:17", "end": "00:00:19", "text": "a chart I'm very familiar with. So, in"}, {"start": "00:00:19", "end": "00:00:22", "text": "this video, I want to break down a very"}, {"start": "00:00:22", "end": "00:00:24", "text": "kind of different and fun cycle"}, {"start": "00:00:24", "end": "00:00:27", "text": "analysis, a little bit of a comparison"}, {"start": "00:00:27", "end": "00:00:29", "text": "in terms of a race. And this is going to"}, {"start": "00:00:29", "end": "00:00:31", "text": "be fun to watch in this bull. What"}, {"start": "00:00:31", "end": "00:00:33", "text": "performs better from this moment"}, {"start": "00:00:33", "end": "00:00:36", "text": "forward, XLM or ADA? And you might be"}, {"start": "00:00:36", "end": "00:00:38", "text": "like, what a weird comparison, but I"}, {"start": "00:00:38", "end": "00:00:39", "text": "want to explain a couple different"}, {"start": "00:00:39", "end": "00:00:41", "text": "things to you. You know, I've launched"}, {"start": "00:00:41", "end": "00:00:44", "text": "this company in May where we have our"}, {"start": "00:00:44", "end": "00:00:47", "text": "risk models back here. It came as a huge"}, {"start": "00:00:47", "end": "00:00:49", "text": "surprise to me as we started digging"}, {"start": "00:00:49", "end": "00:00:51", "text": "into all of the requests. We have so"}, {"start": "00:00:51", "end": "00:00:53", "text": "many requests coming in to add people's"}, {"start": "00:00:53", "end": "00:00:56", "text": "assets to our risk models. And these are"}, {"start": "00:00:56", "end": "00:00:58", "text": "not things that you just whip up and"}, {"start": "00:00:58", "end": "00:01:00", "text": "just like we're creating hundreds and"}, {"start": "00:01:00", "end": "00:01:03", "text": "hundreds of these. This was a massive"}, {"start": "00:01:03", "end": "00:01:06", "text": "surprise to me. Stellar XLM was the most"}, {"start": "00:01:06", "end": "00:01:09", "text": "requested asset that we've had so far"}, {"start": "00:01:09", "end": "00:01:11", "text": "and it really did take me by surprise"}, {"start": "00:01:11", "end": "00:01:14", "text": "and because of that we've trained a"}, {"start": "00:01:14", "end": "00:01:17", "text": "model for XLM. We we released it"}, {"start": "00:01:17", "end": "00:01:19", "text": "yesterday and I want to do an analysis"}, {"start": "00:01:19", "end": "00:01:22", "text": "on it as it overlays with the charts"}, {"start": "00:01:22", "end": "00:01:24", "text": "again that have surprised me because I"}, {"start": "00:01:24", "end": "00:01:27", "text": "was not aware of kind of this mo this"}, {"start": "00:01:27", "end": "00:01:29", "text": "multicycle setup and then I really want"}, {"start": "00:01:29", "end": "00:01:32", "text": "to use it as we also just analyze and"}, {"start": "00:01:32", "end": "00:01:36", "text": "look at ADA ADA risk ADA charts because"}, {"start": "00:01:36", "end": "00:01:38", "text": "this cycle is becoming incredibly"}, {"start": "00:01:38", "end": "00:01:40", "text": "interesting for all altcoins and this is"}, {"start": "00:01:40", "end": "00:01:42", "text": "what I want to talk about in this video"}, {"start": "00:01:42", "end": "00:01:45", "text": "the upside of these two altcoins XLM and"}, {"start": "00:01:45", "end": "00:01:47", "text": "ADA. So, hit the subscribe and like on"}, {"start": "00:01:47", "end": "00:01:48", "text": "the way in. If you're not in our"}, {"start": "00:01:48", "end": "00:01:49", "text": "intelligence system, click the link"}, {"start": "00:01:49", "end": "00:01:51", "text": "below if you want to kind of see what"}, {"start": "00:01:51", "end": "00:01:53", "text": "all the fuss is about. Try it out. We"}, {"start": "00:01:53", "end": "00:01:55", "text": "have a free trial going on right now."}, {"start": "00:01:55", "end": "00:01:57", "text": "You can start planning and strategizing"}, {"start": "00:01:57", "end": "00:02:00", "text": "based on risk, when to sell so you don't"}, {"start": "00:02:00", "end": "00:02:02", "text": "roundtrip a bull market. I want to just"}, {"start": "00:02:02", "end": "00:02:05", "text": "say this. Let me lay the groundwork here"}, {"start": "00:02:05", "end": "00:02:07", "text": "with XLM chart zoomed out. We're going"}, {"start": "00:02:07", "end": "00:02:08", "text": "to talk about the structure of this"}, {"start": "00:02:08", "end": "00:02:11", "text": "setup, the ascending triangle, the risk"}, {"start": "00:02:11", "end": "00:02:13", "text": "model, what it's saying. But can I just"}, {"start": "00:02:13", "end": "00:02:15", "text": "paint a picture for you?"}, {"start": "00:02:15", "end": "00:02:20", "text": "Right here was the 2018 bull market"}, {"start": "00:02:20", "end": "00:02:24", "text": "high. Parabolic craziness."}, {"start": "00:02:24", "end": "00:02:25", "text": "Do you know how far we've come in"}, {"start": "00:02:25", "end": "00:02:28", "text": "crypto? Could you imagine back here with"}, {"start": "00:02:28", "end": "00:02:32", "text": "an XLM move like that that years and"}, {"start": "00:02:32", "end": "00:02:35", "text": "years and years later, cycles later, we"}, {"start": "00:02:35", "end": "00:02:38", "text": "will be almost at a similar price point"}, {"start": "00:02:38", "end": "00:02:41", "text": "while this is happening. Visa is working"}, {"start": "00:02:41", "end": "00:02:44", "text": "fast to integrate stable coins and is"}, {"start": "00:02:44", "end": "00:02:45", "text": "using blockchain networks such as"}, {"start": "00:02:45", "end": "00:02:47", "text": "Stellar."}, {"start": "00:02:47", "end": "00:02:50", "text": "Here's another one from Stellar."}, {"start": "00:02:50", "end": "00:02:52", "text": "We believe that when stable coins are"}, {"start": "00:02:52", "end": "00:02:53", "text": "trusted, scalable, and interoperable,"}, {"start": "00:02:53", "end": "00:02:55", "text": "they can fundamentally transform how"}, {"start": "00:02:55", "end": "00:02:57", "text": "money moves around the world. That's"}, {"start": "00:02:57", "end": "00:03:00", "text": "from Visa. Visa expanding stable coin"}, {"start": "00:03:00", "end": "00:03:02", "text": "settlement capabilities to Stellar is a"}, {"start": "00:03:02", "end": "00:03:04", "text": "win for interoperability. I'm bringing"}, {"start": "00:03:04", "end": "00:03:06", "text": "that up. You don't even have to be an"}, {"start": "00:03:06", "end": "00:03:10", "text": "XLM holder. XLM is not like my a big"}, {"start": "00:03:10", "end": "00:03:12", "text": "play of mine this cycle. You know that"}, {"start": "00:03:12", "end": "00:03:14", "text": "we built this model for XLM holders that"}, {"start": "00:03:14", "end": "00:03:16", "text": "are in our system. But let me just say"}, {"start": "00:03:16", "end": "00:03:18", "text": "something. It doesn't matter what crypto"}, {"start": "00:03:18", "end": "00:03:20", "text": "you're holding. Do you see how far we've"}, {"start": "00:03:20", "end": "00:03:22", "text": "come from there to where we are right"}, {"start": "00:03:22", "end": "00:03:26", "text": "now? Now, let's talk about this this XLM"}, {"start": "00:03:26", "end": "00:03:29", "text": "chart because let me explain something"}, {"start": "00:03:29", "end": "00:03:32", "text": "to you. XLM has pressed against the same"}, {"start": "00:03:32", "end": "00:03:35", "text": "resistance line that you see there"}, {"start": "00:03:35", "end": "00:03:40", "text": "across cycles with declining risk 97."}, {"start": "00:03:40", "end": "00:03:42", "text": "There's a 53 right now hovering around"}, {"start": "00:03:42", "end": "00:03:44", "text": "the same price. We're at a 37. This is"}, {"start": "00:03:44", "end": "00:03:46", "text": "what our risk model is showing right"}, {"start": "00:03:46", "end": "00:03:48", "text": "here. Now, our risk model, they they"}, {"start": "00:03:48", "end": "00:03:50", "text": "account for a lot of different things."}, {"start": "00:03:50", "end": "00:03:53", "text": "We've got our advanced risk algorithm."}, {"start": "00:03:53", "end": "00:03:56", "text": "We've got emerging asset theory. We've"}, {"start": "00:03:56", "end": "00:03:59", "text": "got game theory, price, volatility,"}, {"start": "00:03:59", "end": "00:04:02", "text": "volume. But when you start looking at"}, {"start": "00:04:02", "end": "00:04:04", "text": "all of that data, that helps us"}, {"start": "00:04:04", "end": "00:04:06", "text": "visualize, man, it's a good time to"}, {"start": "00:04:06", "end": "00:04:07", "text": "start selling. It's a good time to start"}, {"start": "00:04:07", "end": "00:04:09", "text": "buying. But then you start looking at"}, {"start": "00:04:09", "end": "00:04:12", "text": "the headlines, the fundamentals, you"}, {"start": "00:04:12", "end": "00:04:14", "text": "know, is a breakout to the upside in"}, {"start": "00:04:14", "end": "00:04:16", "text": "play. What could drive it? We talk about"}, {"start": "00:04:16", "end": "00:04:17", "text": "things like the business cycle. We talk"}, {"start": "00:04:17", "end": "00:04:20", "text": "about things like liquidity and you know"}, {"start": "00:04:20", "end": "00:04:22", "text": "everything at the interest rate that's"}, {"start": "00:04:22", "end": "00:04:23", "text": "happening with interest rates starting"}, {"start": "00:04:23", "end": "00:04:26", "text": "to come down the dollar falling pro"}, {"start": "00:04:26", "end": "00:04:28", "text": "crypto legislation all of it but for"}, {"start": "00:04:28", "end": "00:04:30", "text": "something like XLM and this is important"}, {"start": "00:04:30", "end": "00:04:33", "text": "for every asset I think"}, {"start": "00:04:33", "end": "00:04:37", "text": "if it has really solid fundamentals and"}, {"start": "00:04:37", "end": "00:04:40", "text": "really solid headlines like I don't know"}, {"start": "00:04:40", "end": "00:04:42", "text": "Visa"}, {"start": "00:04:42", "end": "00:04:46", "text": "it plays into the bull move even more so"}, {"start": "00:04:46", "end": "00:04:49", "text": "we're sitting at a 37 a 37 on the"}, {"start": "00:04:49", "end": "00:04:52", "text": "stellar risk model. That's a pre-bull"}, {"start": "00:04:52", "end": "00:04:54", "text": "market move. What I want to explain to"}, {"start": "00:04:54", "end": "00:04:57", "text": "you because this video I really want to"}, {"start": "00:04:57", "end": "00:04:59", "text": "release this to our members especially"}, {"start": "00:04:59", "end": "00:05:01", "text": "for them to just to if they're using the"}, {"start": "00:05:01", "end": "00:05:04", "text": "system specifically the model itself. I"}, {"start": "00:05:04", "end": "00:05:05", "text": "need to explain this and then we'll"}, {"start": "00:05:05", "end": "00:05:07", "text": "really get into the price kind of"}, {"start": "00:05:07", "end": "00:05:10", "text": "analysis of this video for Stellar and"}, {"start": "00:05:10", "end": "00:05:12", "text": "then we're going to look at ADA because"}, {"start": "00:05:12", "end": "00:05:15", "text": "the ADA weekly chart as as compared to"}, {"start": "00:05:15", "end": "00:05:17", "text": "Stellar and the Stellar risk model is"}, {"start": "00:05:17", "end": "00:05:19", "text": "very interesting. I want to explain this"}, {"start": "00:05:19", "end": "00:05:22", "text": "though. So our models when it comes to"}, {"start": "00:05:22", "end": "00:05:25", "text": "Stellar and everything else it basically"}, {"start": "00:05:25", "end": "00:05:28", "text": "it's pulling data from Coin Gecko. So,"}, {"start": "00:05:28", "end": "00:05:30", "text": "you can see Coin Gecko locking in this"}, {"start": "00:05:30", "end": "00:05:34", "text": "2018 crazy swing high all-time high. You"}, {"start": "00:05:34", "end": "00:05:36", "text": "could go to a lot of charts for XLM and"}, {"start": "00:05:36", "end": "00:05:39", "text": "you'll see this is not what it looks"}, {"start": "00:05:39", "end": "00:05:41", "text": "like. It looks more like Coin Market"}, {"start": "00:05:41", "end": "00:05:43", "text": "Cap. There's Coin Market Cap. So,"}, {"start": "00:05:43", "end": "00:05:45", "text": "basically saying last cycle broke the"}, {"start": "00:05:45", "end": "00:05:47", "text": "all-time highs from two cycles ago. So,"}, {"start": "00:05:47", "end": "00:05:52", "text": "they're both different. So that that is"}, {"start": "00:05:52", "end": "00:05:56", "text": "because coin market cap and coin gecko"}, {"start": "00:05:56", "end": "00:05:58", "text": "they use different ways to read their"}, {"start": "00:05:58", "end": "00:06:00", "text": "data and they they do it differently."}, {"start": "00:06:00", "end": "00:06:04", "text": "Right now the methodology of something"}, {"start": "00:06:04", "end": "00:06:08", "text": "like coin gecko which is basically being"}, {"start": "00:06:08", "end": "00:06:10", "text": "way more strict. It's taking in that"}, {"start": "00:06:10", "end": "00:06:12", "text": "price action and illustrating it to you"}, {"start": "00:06:12", "end": "00:06:15", "text": "and it's presenting that data to you."}, {"start": "00:06:15", "end": "00:06:17", "text": "That methodology, I think, as it relates"}, {"start": "00:06:17", "end": "00:06:20", "text": "to our risk models, allows our risk"}, {"start": "00:06:20", "end": "00:06:22", "text": "models to be more conservative in"}, {"start": "00:06:22", "end": "00:06:25", "text": "approach. And for me, I don't know, it"}, {"start": "00:06:25", "end": "00:06:26", "text": "might not seem like it, but I'm very"}, {"start": "00:06:26", "end": "00:06:29", "text": "conservative macro investor. I'm very"}, {"start": "00:06:29", "end": "00:06:31", "text": "like critical of how balanced I am from"}, {"start": "00:06:31", "end": "00:06:34", "text": "a risk perspective across my portfolio"}, {"start": "00:06:34", "end": "00:06:37", "text": "on the macro. Just because I'm often"}, {"start": "00:06:37", "end": "00:06:39", "text": "probably called a permable or something"}, {"start": "00:06:39", "end": "00:06:41", "text": "like that, doesn't mean I'm not"}, {"start": "00:06:41", "end": "00:06:43", "text": "conservative. I'm I'm I'm a I'm bullish"}, {"start": "00:06:43", "end": "00:06:44", "text": "on the macro right now because of"}, {"start": "00:06:44", "end": "00:06:46", "text": "everything I've been talking about"}, {"start": "00:06:46", "end": "00:06:49", "text": "across this entire cycle so far from the"}, {"start": "00:06:49", "end": "00:06:51", "text": "bare market lows. You know why I'm"}, {"start": "00:06:51", "end": "00:06:53", "text": "bullish? But I am conservative. And I"}, {"start": "00:06:53", "end": "00:06:56", "text": "think pulling from coin coin gecko data"}, {"start": "00:06:56", "end": "00:06:59", "text": "and really bringing in that data makes"}, {"start": "00:06:59", "end": "00:07:02", "text": "our models more conservative when it"}, {"start": "00:07:02", "end": "00:07:03", "text": "comes to the risk scores that are"}, {"start": "00:07:03", "end": "00:07:05", "text": "presented to people. So here we are."}, {"start": "00:07:05", "end": "00:07:08", "text": "We're sitting at a 37 for Stellar. I saw"}, {"start": "00:07:08", "end": "00:07:11", "text": "this post. XLM looks to be gearing up"}, {"start": "00:07:11", "end": "00:07:13", "text": "for an October 2017 style move. And this"}, {"start": "00:07:13", "end": "00:07:16", "text": "will segue us to ADA analysis as well."}, {"start": "00:07:16", "end": "00:07:19", "text": "But I saw this post and this is a price"}, {"start": "00:07:19", "end": "00:07:21", "text": "action post, right? It's a it's a"}, {"start": "00:07:21", "end": "00:07:23", "text": "structure post. He's comparing this"}, {"start": "00:07:23", "end": "00:07:26", "text": "structure, this consolidation in October"}, {"start": "00:07:26", "end": "00:07:29", "text": "2017. Rightfully so. It's very similar."}, {"start": "00:07:29", "end": "00:07:32", "text": "But here's where I think this person's"}, {"start": "00:07:32", "end": "00:07:34", "text": "post becomes even more accurate because"}, {"start": "00:07:34", "end": "00:07:36", "text": "if you go look at the the consolidation"}, {"start": "00:07:36", "end": "00:07:37", "text": "that he's comparing, it's basically"}, {"start": "00:07:37", "end": "00:07:40", "text": "right here, right? He's saying right"}, {"start": "00:07:40", "end": "00:07:44", "text": "there comparative to where we are. Boom."}, {"start": "00:07:44", "end": "00:07:46", "text": "Well, check this out. And by the way,"}, {"start": "00:07:46", "end": "00:07:48", "text": "this post was yesterday, his post that"}, {"start": "00:07:48", "end": "00:07:50", "text": "he did. If you go and you look at our"}, {"start": "00:07:50", "end": "00:07:54", "text": "risk model for XLM,"}, {"start": "00:07:54", "end": "00:07:56", "text": "check out here's the consolidation he's"}, {"start": "00:07:56", "end": "00:07:58", "text": "comparing to October. We're at a 37"}, {"start": "00:07:58", "end": "00:08:00", "text": "right here."}, {"start": "00:08:00", "end": "00:08:03", "text": "from a risk score perspective. Here is"}, {"start": "00:08:03", "end": "00:08:05", "text": "October 2017 back here is what he's"}, {"start": "00:08:05", "end": "00:08:08", "text": "saying. Well, right before that October"}, {"start": "00:08:08", "end": "00:08:11", "text": "move, that October area in September, I"}, {"start": "00:08:11", "end": "00:08:13", "text": "mean weeks earlier. Look at the risk"}, {"start": "00:08:13", "end": "00:08:19", "text": "model for XLM. A 38. We're 37 right now."}, {"start": "00:08:19", "end": "00:08:21", "text": "So, I don't know if he knew it when he's"}, {"start": "00:08:21", "end": "00:08:23", "text": "charting that yesterday, but he's"}, {"start": "00:08:23", "end": "00:08:25", "text": "comparing the structure setup being the"}, {"start": "00:08:25", "end": "00:08:28", "text": "same. The risk is the same, but the"}, {"start": "00:08:28", "end": "00:08:30", "text": "difference is XLM is not like, you know,"}, {"start": "00:08:30", "end": "00:08:35", "text": "at a one penny, just over a penny, 38"}, {"start": "00:08:35", "end": "00:08:39", "text": "risk score. It's at 40 cents,"}, {"start": "00:08:39", "end": "00:08:41", "text": "37 risk score. The risk score is like"}, {"start": "00:08:41", "end": "00:08:44", "text": "almost identical, but we're not around a"}, {"start": "00:08:44", "end": "00:08:47", "text": "penny. We're around 40 cents. And we are"}, {"start": "00:08:47", "end": "00:08:50", "text": "compressing on this XLM chart towards"}, {"start": "00:08:50", "end": "00:08:52", "text": "the upper end of this ascending"}, {"start": "00:08:52", "end": "00:08:54", "text": "triangle. That's crazy. You cannot have"}, {"start": "00:08:54", "end": "00:08:58", "text": "a better alignment of risk and structure"}, {"start": "00:08:58", "end": "00:09:01", "text": "like in an altcoin right now with a"}, {"start": "00:09:01", "end": "00:09:03", "text": "narrative like Visa. This is a great"}, {"start": "00:09:03", "end": "00:09:07", "text": "play and there listen I will not pretend"}, {"start": "00:09:07", "end": "00:09:10", "text": "that I have the the best setup for this"}, {"start": "00:09:10", "end": "00:09:13", "text": "cycle. I for years have just known I I"}, {"start": "00:09:13", "end": "00:09:15", "text": "can't spread myself thin like man that's"}, {"start": "00:09:15", "end": "00:09:16", "text": "such a good one. That's a good one."}, {"start": "00:09:16", "end": "00:09:17", "text": "That's a good chart. That's a good"}, {"start": "00:09:17", "end": "00:09:19", "text": "narrative. I that's not my I can't do"}, {"start": "00:09:19", "end": "00:09:23", "text": "that. I need to focus on just a small"}, {"start": "00:09:23", "end": "00:09:26", "text": "group of plays that I feel good about"}, {"start": "00:09:26", "end": "00:09:28", "text": "and just knowing there's going to be"}, {"start": "00:09:28", "end": "00:09:30", "text": "other ones. You can't hit them all."}, {"start": "00:09:30", "end": "00:09:32", "text": "That's my approach. Stellar is one of"}, {"start": "00:09:32", "end": "00:09:35", "text": "those plays and there are others that is"}, {"start": "00:09:35", "end": "00:09:38", "text": "just like, man, it's a good one and I'm"}, {"start": "00:09:38", "end": "00:09:40", "text": "not. I'm underexposed to XLM. I am. And"}, {"start": "00:09:40", "end": "00:09:42", "text": "that's fine. I'm completely cool with it"}, {"start": "00:09:42", "end": "00:09:44", "text": "because I have exposure to other things"}, {"start": "00:09:44", "end": "00:09:47", "text": "like ADA. So, let's kind of let's do"}, {"start": "00:09:47", "end": "00:09:50", "text": "that. Let's look at ADA now in in light"}, {"start": "00:09:50", "end": "00:09:52", "text": "of what we just looked at in terms of"}, {"start": "00:09:52", "end": "00:09:56", "text": "XLM. So XLM is basically presenting a"}, {"start": "00:09:56", "end": "00:09:58", "text": "very bullish setup from risk and"}, {"start": "00:09:58", "end": "00:10:00", "text": "structure. What I wanted to point out to"}, {"start": "00:10:00", "end": "00:10:02", "text": "you is this. I thought this was kind of"}, {"start": "00:10:02", "end": "00:10:04", "text": "interesting and I don't know what it"}, {"start": "00:10:04", "end": "00:10:08", "text": "means, but I was looking at basically"}, {"start": "00:10:08", "end": "00:10:11", "text": "like this February area back here to"}, {"start": "00:10:11", "end": "00:10:14", "text": "like week of February 8th, 2021, the"}, {"start": "00:10:14", "end": "00:10:18", "text": "later stages of the bull. XLM went 26%"}, {"start": "00:10:18", "end": "00:10:20", "text": "from February 8th, the week of February"}, {"start": "00:10:20", "end": "00:10:24", "text": "8th, 20 26% to all-time highs. I went to"}, {"start": "00:10:24", "end": "00:10:28", "text": "ADA from the February 8th area on this"}, {"start": "00:10:28", "end": "00:10:29", "text": "chart. And this is just one piece of"}, {"start": "00:10:29", "end": "00:10:31", "text": "data I want to show to you. But that"}, {"start": "00:10:31", "end": "00:10:35", "text": "February 8th area, if I pull this up, I"}, {"start": "00:10:35", "end": "00:10:38", "text": "don't think it was quite 247%. Let me"}, {"start": "00:10:38", "end": "00:10:42", "text": "see. Let's go to the top of February 8th"}, {"start": "00:10:42", "end": "00:10:45", "text": "candle to be conservative."}, {"start": "00:10:45", "end": "00:10:48", "text": "So, where are we? Actually, it's over"}, {"start": "00:10:48", "end": "00:10:50", "text": "here. Let's go to the top of that wick."}, {"start": "00:10:50", "end": "00:10:52", "text": "But we're looking at around almost 200%"}, {"start": "00:10:52", "end": "00:10:56", "text": "move. So 200% move almost to compared to"}, {"start": "00:10:56", "end": "00:11:01", "text": "XLM's 26% move. So this is partly where"}, {"start": "00:11:01", "end": "00:11:02", "text": "I'm going to start becoming interested"}, {"start": "00:11:02", "end": "00:11:04", "text": "to see how when things start breaking"}, {"start": "00:11:04", "end": "00:11:08", "text": "out what performs better. One benefit I"}, {"start": "00:11:08", "end": "00:11:14", "text": "would say that XLM has is we are at a 37"}, {"start": "00:11:14", "end": "00:11:18", "text": "risk as we're at a very similar point of"}, {"start": "00:11:18", "end": "00:11:21", "text": "last cycle in in comparison, right? So"}, {"start": "00:11:21", "end": "00:11:24", "text": "the upside for XLM is very strong. But"}, {"start": "00:11:24", "end": "00:11:26", "text": "then I noticed this on Cardano because"}, {"start": "00:11:26", "end": "00:11:28", "text": "this is incredibly bullish. So when"}, {"start": "00:11:28", "end": "00:11:32", "text": "Cardano made that almost 200% move, I"}, {"start": "00:11:32", "end": "00:11:33", "text": "want you to just I want you to pay"}, {"start": "00:11:33", "end": "00:11:36", "text": "special attention to the fact that"}, {"start": "00:11:36", "end": "00:11:38", "text": "Cardano if we look at February, let's"}, {"start": "00:11:38", "end": "00:11:40", "text": "just look at midFebruary or the you know"}, {"start": "00:11:40", "end": "00:11:42", "text": "that first week of February. We look at"}, {"start": "00:11:42", "end": "00:11:45", "text": "the risk model for ADA and we go over to"}, {"start": "00:11:45", "end": "00:11:48", "text": "there's midFebruary 78. Here's February"}, {"start": "00:11:48", "end": "00:11:55", "text": "8th. 75 risk at 68 cents."}, {"start": "00:11:55", "end": "00:11:58", "text": "That's number one. Right now, we're at"}, {"start": "00:11:58", "end": "00:12:03", "text": "36 risk and we're at 80. I mean, as I do"}, {"start": "00:12:03", "end": "00:12:05", "text": "this video, I think I need to update"}, {"start": "00:12:05", "end": "00:12:08", "text": "this this risk model because price right"}, {"start": "00:12:08", "end": "00:12:11", "text": "now as I'm doing the video is if I go to"}, {"start": "00:12:11", "end": "00:12:17", "text": "ADA 80 just 85 cents or so. So, we're at"}, {"start": "00:12:17", "end": "00:12:20", "text": "85 and risk score is like half of what"}, {"start": "00:12:20", "end": "00:12:22", "text": "it was when it was at 67 cents before"}, {"start": "00:12:22", "end": "00:12:24", "text": "that 200% move. That's number one. But"}, {"start": "00:12:24", "end": "00:12:26", "text": "number two, I think even more bullish"}, {"start": "00:12:26", "end": "00:12:29", "text": "when it comes to risk analysis from a"}, {"start": "00:12:29", "end": "00:12:30", "text": "structure perspective because we did"}, {"start": "00:12:30", "end": "00:12:32", "text": "this on XLM, right? Look at the"}, {"start": "00:12:32", "end": "00:12:34", "text": "consolidation here. Look at the risk"}, {"start": "00:12:34", "end": "00:12:36", "text": "score. Look at the consolidation here."}, {"start": "00:12:36", "end": "00:12:38", "text": "Look at the risk score. Well, do that"}, {"start": "00:12:38", "end": "00:12:41", "text": "with ADA right now, right? So basically"}, {"start": "00:12:41", "end": "00:12:45", "text": "go back and look at ADA last cycle and"}, {"start": "00:12:45", "end": "00:12:48", "text": "let's identify what are we at? We're at"}, {"start": "00:12:48", "end": "00:12:50", "text": "a 35 risk score. A 35 risk score for ADA"}, {"start": "00:12:50", "end": "00:12:53", "text": "as I've refreshed this chart. Well,"}, {"start": "00:12:53", "end": "00:12:56", "text": "let's go to last cycle pre-bull move. Do"}, {"start": "00:12:56", "end": "00:12:58", "text": "we have a 35? There's a 35 in September"}, {"start": "00:12:58", "end": "00:13:03", "text": "2020. ADA was 8 cents."}, {"start": "00:13:03", "end": "00:13:07", "text": "Right now, ADA is 85"}, {"start": "00:13:07", "end": "00:13:11", "text": "at a at the same risk score. So, when we"}, {"start": "00:13:11", "end": "00:13:13", "text": "start going over here and we take a"}, {"start": "00:13:13", "end": "00:13:15", "text": "fractal and I believe this fractal that"}, {"start": "00:13:15", "end": "00:13:18", "text": "I had already charted was from basically"}, {"start": "00:13:18", "end": "00:13:20", "text": "like this this move back here. Let me"}, {"start": "00:13:20", "end": "00:13:23", "text": "just redo it. So, let's just take it"}, {"start": "00:13:23", "end": "00:13:25", "text": "from September"}, {"start": "00:13:25", "end": "00:13:28", "text": "2021 or 2020"}, {"start": "00:13:28", "end": "00:13:31", "text": "swing high. Take the fractal. So, we're"}, {"start": "00:13:31", "end": "00:13:33", "text": "taking a fractal of a similar risk into"}, {"start": "00:13:33", "end": "00:13:36", "text": "a bull market and we do it this time. I"}, {"start": "00:13:36", "end": "00:13:37", "text": "mean, that fractal is going up to like"}, {"start": "00:13:37", "end": "00:13:39", "text": "20 bucks, but we can we can just pull"}, {"start": "00:13:39", "end": "00:13:41", "text": "that down. We can compress it. We can"}, {"start": "00:13:41", "end": "00:13:43", "text": "make it more conservative of a move."}, {"start": "00:13:43", "end": "00:13:45", "text": "Maybe we go down first. The fractal does"}, {"start": "00:13:45", "end": "00:13:47", "text": "not have to be the same, but you can see"}, {"start": "00:13:47", "end": "00:13:49", "text": "the upside potential for ADA and a"}, {"start": "00:13:49", "end": "00:13:53", "text": "breakout for ADA is insane. So, the"}, {"start": "00:13:53", "end": "00:13:56", "text": "reason I'm bringing that up is because I"}, {"start": "00:13:56", "end": "00:13:59", "text": "will be very curious to see at this"}, {"start": "00:13:59", "end": "00:14:02", "text": "moment, as ADA is still a ways away from"}, {"start": "00:14:02", "end": "00:14:04", "text": "all-time high, but at this risk score,"}, {"start": "00:14:04", "end": "00:14:07", "text": "similar to the risk score back here with"}, {"start": "00:14:07", "end": "00:14:09", "text": "incredible upside, I'm just curious to"}, {"start": "00:14:09", "end": "00:14:13", "text": "see how ADA and XLM perform against each"}, {"start": "00:14:13", "end": "00:14:15", "text": "other from this moment forward. Right?"}, {"start": "00:14:15", "end": "00:14:17", "text": "So, I don't know. I don't know how it's"}, {"start": "00:14:17", "end": "00:14:19", "text": "going to play out. I just know both of"}, {"start": "00:14:19", "end": "00:14:23", "text": "them have incredibly unique setups. You"}, {"start": "00:14:23", "end": "00:14:25", "text": "can see if you go over to the ADA risk"}, {"start": "00:14:25", "end": "00:14:27", "text": "model or the ADA chart, I'm sorry. I"}, {"start": "00:14:27", "end": "00:14:30", "text": "just want to say this, ADA is also in a"}, {"start": "00:14:30", "end": "00:14:33", "text": "very bullish macro cycle setup. Higher"}, {"start": "00:14:33", "end": "00:14:37", "text": "highs, higher lows. I'm not sitting"}, {"start": "00:14:37", "end": "00:14:40", "text": "here, this cycle, and using this as the"}, {"start": "00:14:40", "end": "00:14:44", "text": "structured move, right? So meaning I'm"}, {"start": "00:14:44", "end": "00:14:45", "text": "not sitting here saying ADA is going to"}, {"start": "00:14:45", "end": "00:14:48", "text": "make the move to the upper trend line at"}, {"start": "00:14:48", "end": "00:14:50", "text": "like 10 11 bucks and then we're going to"}, {"start": "00:14:50", "end": "00:14:52", "text": "hit the target out of that. That's just"}, {"start": "00:14:52", "end": "00:14:55", "text": "crazy. So in a similar sense I'm"}, {"start": "00:14:55", "end": "00:14:58", "text": "cautious to even use this multicycle"}, {"start": "00:14:58", "end": "00:15:00", "text": "ascending triangle which is very similar"}, {"start": "00:15:00", "end": "00:15:02", "text": "to what we just looked at on on ADA. ADA"}, {"start": "00:15:02", "end": "00:15:04", "text": "has more of a just like an ascending"}, {"start": "00:15:04", "end": "00:15:07", "text": "pattern. I'm cautious to do that because"}, {"start": "00:15:07", "end": "00:15:10", "text": "the breakout target for this chart is I"}, {"start": "00:15:10", "end": "00:15:13", "text": "mean it's pretty it's pretty crazy. Um,"}, {"start": "00:15:13", "end": "00:15:14", "text": "I think I measured the move earlier and"}, {"start": "00:15:14", "end": "00:15:18", "text": "it's like it's it's insane. I'm cautious"}, {"start": "00:15:18", "end": "00:15:20", "text": "to do that in the same sense that I'm"}, {"start": "00:15:20", "end": "00:15:23", "text": "cautious to do that and I won't do it"}, {"start": "00:15:23", "end": "00:15:26", "text": "for ADA. But I do know higher high"}, {"start": "00:15:26", "end": "00:15:29", "text": "analysis is a very good way to dissect"}, {"start": "00:15:29", "end": "00:15:31", "text": "these charts, right? And we've looked at"}, {"start": "00:15:31", "end": "00:15:35", "text": "a 1618 higher high for ADA is like $5."}, {"start": "00:15:35", "end": "00:15:37", "text": "Last cycle we surpassed that and that is"}, {"start": "00:15:37", "end": "00:15:38", "text": "something that's in play. surpassing"}, {"start": "00:15:38", "end": "00:15:41", "text": "that into this upper range. The $5 to"}, {"start": "00:15:41", "end": "00:15:43", "text": "$10 range for ADA is very much in play."}, {"start": "00:15:43", "end": "00:15:45", "text": "And so when it comes to all-time high"}, {"start": "00:15:45", "end": "00:15:48", "text": "targets for XLM, I'd have to really kind"}, {"start": "00:15:48", "end": "00:15:50", "text": "of dissect it a little bit differently"}, {"start": "00:15:50", "end": "00:15:54", "text": "and maybe try and get good targets that"}, {"start": "00:15:54", "end": "00:15:57", "text": "are I would say in my approach, I like"}, {"start": "00:15:57", "end": "00:15:59", "text": "to be conservative, but maybe that's for"}, {"start": "00:15:59", "end": "00:16:03", "text": "another video. But all all to say both"}, {"start": "00:16:03", "end": "00:16:05", "text": "both risk models sitting around the same"}, {"start": "00:16:05", "end": "00:16:07", "text": "mid30s"}, {"start": "00:16:07", "end": "00:16:10", "text": "and so prime for breakout moves. Both"}, {"start": "00:16:10", "end": "00:16:12", "text": "have their own narratives. It will be a"}, {"start": "00:16:12", "end": "00:16:15", "text": "fun race to watch. And if you're in our"}, {"start": "00:16:15", "end": "00:16:17", "text": "intelligence system, now is the time. If"}, {"start": "00:16:17", "end": "00:16:21", "text": "XLM makes a 2017 style move, plan your"}, {"start": "00:16:21", "end": "00:16:24", "text": "exits for these risk scores being hit"}, {"start": "00:16:24", "end": "00:16:28", "text": "and take profits. I'm just going to say"}, {"start": "00:16:28", "end": "00:16:30", "text": "that same thing. go to a Cardano risk"}, {"start": "00:16:30", "end": "00:16:33", "text": "risk model, take profits,"}, {"start": "00:16:33", "end": "00:16:36", "text": "right? So, plan your exits, get into the"}, {"start": "00:16:36", "end": "00:16:38", "text": "system, try it out if you're not a"}, {"start": "00:16:38", "end": "00:16:40", "text": "member. And if you are a member, I hope"}, {"start": "00:16:40", "end": "00:16:42", "text": "this was kind of valuable as we release"}, {"start": "00:16:42", "end": "00:16:45", "text": "this XLM risk model to kind of get an"}, {"start": "00:16:45", "end": "00:16:46", "text": "understanding, at least from one"}, {"start": "00:16:46", "end": "00:16:49", "text": "perspective, how these risk models work."}, {"start": "00:16:49", "end": "00:16:50", "text": "If you're not a subscriber, please"}, {"start": "00:16:50", "end": "00:16:51", "text": "subscribe. If you enjoyed this video,"}, {"start": "00:16:51", "end": "00:16:53", "text": "please hit that like on the way out."}, {"start": "00:16:53", "end": "00:16:54", "text": "I'll see you in the next video. God"}, {"start": "00:16:54", "end": "00:16:57", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Gold is soaring to all-time highs right"}, {"start": "00:00:03", "end": "00:00:05", "text": "now. A very similar move that preceded"}, {"start": "00:00:05", "end": "00:00:08", "text": "the last crypto bull run. The US dollar"}, {"start": "00:00:08", "end": "00:00:10", "text": "on the weekly zoomed out imploding. A"}, {"start": "00:00:10", "end": "00:00:12", "text": "very similar move to what happened in"}, {"start": "00:00:12", "end": "00:00:16", "text": "the 2017 crypto bull run. Meanwhile, our"}, {"start": "00:00:16", "end": "00:00:18", "text": "risk scores for the total global crypto"}, {"start": "00:00:18", "end": "00:00:22", "text": "market cap 31 and our risk model for the"}, {"start": "00:00:22", "end": "00:00:25", "text": "altcoin market cap 22. We are in"}, {"start": "00:00:25", "end": "00:00:27", "text": "unprecedented times as we evaluate these"}, {"start": "00:00:27", "end": "00:00:29", "text": "charts. altcoin market cap sitting at"}, {"start": "00:00:29", "end": "00:00:31", "text": "all-time high testing that area right"}, {"start": "00:00:31", "end": "00:00:34", "text": "now. I want to break down why now is not"}, {"start": "00:00:34", "end": "00:00:37", "text": "the time to be bearish. I want to show"}, {"start": "00:00:37", "end": "00:00:38", "text": "you the data. I want to talk about the"}, {"start": "00:00:38", "end": "00:00:40", "text": "US shutdown because what that means on"}, {"start": "00:00:40", "end": "00:00:43", "text": "the macro very interesting data in terms"}, {"start": "00:00:43", "end": "00:00:46", "text": "of what plays out in the next 12 months"}, {"start": "00:00:46", "end": "00:00:49", "text": "here and this is revisiting past data."}, {"start": "00:00:49", "end": "00:00:50", "text": "So, hit the subscribe and like on the"}, {"start": "00:00:50", "end": "00:00:51", "text": "way in. If you're not in our"}, {"start": "00:00:51", "end": "00:00:52", "text": "intelligence system with our risk"}, {"start": "00:00:52", "end": "00:00:54", "text": "models, please get back there. We have a"}, {"start": "00:00:54", "end": "00:00:56", "text": "free trial going on right now. Click the"}, {"start": "00:00:56", "end": "00:00:59", "text": "link below, get set up, see your assets"}, {"start": "00:00:59", "end": "00:01:01", "text": "that are back there. If if we have your"}, {"start": "00:01:01", "end": "00:01:03", "text": "asset listed on the risk model, and"}, {"start": "00:01:03", "end": "00:01:05", "text": "start planning your exits right now, and"}, {"start": "00:01:05", "end": "00:01:06", "text": "I'm going to I'm really going to show"}, {"start": "00:01:06", "end": "00:01:08", "text": "you some data. We're in pre-bull market"}, {"start": "00:01:08", "end": "00:01:11", "text": "territory. And as I evaluate what's"}, {"start": "00:01:11", "end": "00:01:13", "text": "going on with this US shutdown, we have"}, {"start": "00:01:13", "end": "00:01:15", "text": "some interesting things going on. So, I"}, {"start": "00:01:15", "end": "00:01:16", "text": "do want to talk about all this macro. I"}, {"start": "00:01:16", "end": "00:01:18", "text": "want to use an Ethereum chart on the"}, {"start": "00:01:18", "end": "00:01:21", "text": "zoomed in. Still some caution. Ethereum"}, {"start": "00:01:21", "end": "00:01:23", "text": "testing a very key resistance area."}, {"start": "00:01:23", "end": "00:01:25", "text": "Don't be so faked out in the short term."}, {"start": "00:01:25", "end": "00:01:27", "text": "Don't get all hype because we see some"}, {"start": "00:01:27", "end": "00:01:29", "text": "green candles right now. But let's start"}, {"start": "00:01:29", "end": "00:01:31", "text": "with the macro and then we'll talk about"}, {"start": "00:01:31", "end": "00:01:33", "text": "that. Government shutdown facts the"}, {"start": "00:01:33", "end": "00:01:34", "text": "media won't cover. The average length of"}, {"start": "00:01:34", "end": "00:01:37", "text": "a shutdown is only 8 days. Look at this"}, {"start": "00:01:37", "end": "00:01:40", "text": "one. The S&P 500 has ended higher one"}, {"start": "00:01:40", "end": "00:01:45", "text": "year after a shutdown in 86% of cases."}, {"start": "00:01:45", "end": "00:01:47", "text": "So, kind of remember that as we're going"}, {"start": "00:01:47", "end": "00:01:49", "text": "to pivot to our risk model data and we"}, {"start": "00:01:49", "end": "00:01:51", "text": "start seeing, well, at our current risk"}, {"start": "00:01:51", "end": "00:01:53", "text": "scores, what happens within the next"}, {"start": "00:01:53", "end": "00:01:56", "text": "year? The S&P 500 post an average gain"}, {"start": "00:01:56", "end": "00:02:00", "text": "of 13% one year after the shutdown ends."}, {"start": "00:02:00", "end": "00:02:03", "text": "During the 35day shutdown in 2018, the"}, {"start": "00:02:03", "end": "00:02:06", "text": "S&P 500 rallied 11%. While the"}, {"start": "00:02:06", "end": "00:02:08", "text": "government shutdown, the US defers 400"}, {"start": "00:02:08", "end": "00:02:11", "text": "million day a day in cost. The Fed"}, {"start": "00:02:11", "end": "00:02:13", "text": "generally turns more dovish if"}, {"start": "00:02:13", "end": "00:02:16", "text": "government data releases are paused."}, {"start": "00:02:16", "end": "00:02:18", "text": "That's important because right now we"}, {"start": "00:02:18", "end": "00:02:19", "text": "have our eyes on the Fed as they have"}, {"start": "00:02:19", "end": "00:02:23", "text": "begun interest rate cuts. As I talk"}, {"start": "00:02:23", "end": "00:02:24", "text": "about all of these things, this is"}, {"start": "00:02:24", "end": "00:02:27", "text": "clearly macro data, right? This is"}, {"start": "00:02:27", "end": "00:02:29", "text": "talking about, you know, the next year."}, {"start": "00:02:29", "end": "00:02:31", "text": "What happens the next year? I saw this"}, {"start": "00:02:31", "end": "00:02:33", "text": "post. This is important for the short"}, {"start": "00:02:33", "end": "00:02:35", "text": "term to be cautious. The US government"}, {"start": "00:02:35", "end": "00:02:38", "text": "shutdown has happened today. During the"}, {"start": "00:02:38", "end": "00:02:40", "text": "last two shutdowns, Bitcoin pumped first"}, {"start": "00:02:40", "end": "00:02:42", "text": "and then dropped sharply. So, in the"}, {"start": "00:02:42", "end": "00:02:45", "text": "short term, everybody,"}, {"start": "00:02:45", "end": "00:02:47", "text": "like today, we have green candles. It's"}, {"start": "00:02:47", "end": "00:02:50", "text": "great. It's fine. In the short term, we"}, {"start": "00:02:50", "end": "00:02:53", "text": "might get a crypto dip. Just be careful"}, {"start": "00:02:53", "end": "00:02:56", "text": "about that. So, what I want to do is I"}, {"start": "00:02:56", "end": "00:02:58", "text": "really I'm going to look at the"}, {"start": "00:02:58", "end": "00:03:00", "text": "short-term price action in Ethereum in"}, {"start": "00:03:00", "end": "00:03:01", "text": "particular to give us a really nice road"}, {"start": "00:03:01", "end": "00:03:03", "text": "map for continued tracking of the"}, {"start": "00:03:03", "end": "00:03:05", "text": "short-term price action, the volatility"}, {"start": "00:03:05", "end": "00:03:07", "text": "that that could be here. But I really do"}, {"start": "00:03:07", "end": "00:03:10", "text": "want to show you something. I was kind"}, {"start": "00:03:10", "end": "00:03:14", "text": "of studying our risk models, namely our"}, {"start": "00:03:14", "end": "00:03:16", "text": "global crypto market cap, which includes"}, {"start": "00:03:16", "end": "00:03:18", "text": "everything including Bitcoin as well as"}, {"start": "00:03:18", "end": "00:03:20", "text": "our altcoin market cap. And I just"}, {"start": "00:03:20", "end": "00:03:22", "text": "noticed something and I just want to"}, {"start": "00:03:22", "end": "00:03:24", "text": "explain to you when the time to be"}, {"start": "00:03:24", "end": "00:03:27", "text": "bearish is here."}, {"start": "00:03:27", "end": "00:03:28", "text": "I'm going to I'm going to create content"}, {"start": "00:03:28", "end": "00:03:31", "text": "on that. I'm just not there yet. I'm not"}, {"start": "00:03:31", "end": "00:03:33", "text": "there at all right now. And I want to"}, {"start": "00:03:33", "end": "00:03:35", "text": "show you why. At least from our our risk"}, {"start": "00:03:35", "end": "00:03:38", "text": "score perspective, we've been covering"}, {"start": "00:03:38", "end": "00:03:40", "text": "all types of data, right? The"}, {"start": "00:03:40", "end": "00:03:42", "text": "macroeconomic, the business cycle, the"}, {"start": "00:03:42", "end": "00:03:45", "text": "the pro crypto legislation, ETF stuff."}, {"start": "00:03:45", "end": "00:03:47", "text": "All of that data is suggesting it's not"}, {"start": "00:03:47", "end": "00:03:49", "text": "time. Even the shutdown data is"}, {"start": "00:03:49", "end": "00:03:52", "text": "suggesting, hey, the next year might be"}, {"start": "00:03:52", "end": "00:03:54", "text": "might be green."}, {"start": "00:03:54", "end": "00:03:56", "text": "But look what I noticed. I want to I"}, {"start": "00:03:56", "end": "00:03:58", "text": "want to show you something on the global"}, {"start": "00:03:58", "end": "00:04:01", "text": "market cap chart. And this I had these"}, {"start": "00:04:01", "end": "00:04:03", "text": "risk models built. Obviously, we"}, {"start": "00:04:03", "end": "00:04:04", "text": "launched a company. I'm incredibly"}, {"start": "00:04:04", "end": "00:04:07", "text": "excited about, but this is something"}, {"start": "00:04:07", "end": "00:04:10", "text": "that I'm using for my analysis and my"}, {"start": "00:04:10", "end": "00:04:13", "text": "macro decision- making. And so when you"}, {"start": "00:04:13", "end": "00:04:15", "text": "hear me state like how macro bullish I"}, {"start": "00:04:15", "end": "00:04:18", "text": "am, this is a huge reason for and I'm"}, {"start": "00:04:18", "end": "00:04:20", "text": "I'm just standing behind that because"}, {"start": "00:04:20", "end": "00:04:22", "text": "and by the way, risk models aren't"}, {"start": "00:04:22", "end": "00:04:25", "text": "guaranteed, right? They're not flawless,"}, {"start": "00:04:25", "end": "00:04:27", "text": "but this is incredibly useful data for"}, {"start": "00:04:27", "end": "00:04:30", "text": "me as I track this macro. So I'm looking"}, {"start": "00:04:30", "end": "00:04:34", "text": "back here at the January, like January"}, {"start": "00:04:34", "end": "00:04:36", "text": "2021. The reason why I'm looking there"}, {"start": "00:04:36", "end": "00:04:38", "text": "is because I'm like, you know what? This"}, {"start": "00:04:38", "end": "00:04:39", "text": "was the global crypto market cap"}, {"start": "00:04:39", "end": "00:04:41", "text": "breaking all-time highs basically,"}, {"start": "00:04:41", "end": "00:04:44", "text": "right? And I'm looking at the global"}, {"start": "00:04:44", "end": "00:04:46", "text": "market cap here and I'm like, we've"}, {"start": "00:04:46", "end": "00:04:48", "text": "broken all-time highs. Like we broken"}, {"start": "00:04:48", "end": "00:04:51", "text": "all-time highs back here like almost a"}, {"start": "00:04:51", "end": "00:04:53", "text": "year ago."}, {"start": "00:04:53", "end": "00:04:55", "text": "Notice something. I just looked at this."}, {"start": "00:04:55", "end": "00:04:58", "text": "If you look at January 2021 when that"}, {"start": "00:04:58", "end": "00:05:01", "text": "move was happening, the risk for this"}, {"start": "00:05:01", "end": "00:05:04", "text": "chart was 55. So, it's like getting up"}, {"start": "00:05:04", "end": "00:05:07", "text": "there. It's still like in very neutral"}, {"start": "00:05:07", "end": "00:05:09", "text": "territory, but that's testing the"}, {"start": "00:05:09", "end": "00:05:11", "text": "previous cycle all-time high and getting"}, {"start": "00:05:11", "end": "00:05:14", "text": "ready to break it. We are like a year"}, {"start": "00:05:14", "end": "00:05:18", "text": "after. Think about this. And this isn't"}, {"start": "00:05:18", "end": "00:05:21", "text": "just a chart that we like whipped up."}, {"start": "00:05:21", "end": "00:05:24", "text": "This is a risk model, a proprietary risk"}, {"start": "00:05:24", "end": "00:05:25", "text": "model. All of these models are"}, {"start": "00:05:25", "end": "00:05:29", "text": "proprietary. And a ton of work and data"}, {"start": "00:05:29", "end": "00:05:31", "text": "goes into this."}, {"start": "00:05:31", "end": "00:05:35", "text": "So what you see here, for me at least,"}, {"start": "00:05:35", "end": "00:05:37", "text": "I'm just going to say is incredibly"}, {"start": "00:05:37", "end": "00:05:41", "text": "meaningful. We are almost a year, as"}, {"start": "00:05:41", "end": "00:05:43", "text": "we've identified, after breaking"}, {"start": "00:05:43", "end": "00:05:46", "text": "all-time high on this entire crypto"}, {"start": "00:05:46", "end": "00:05:47", "text": "market cap chart. We're almost a year"}, {"start": "00:05:47", "end": "00:05:49", "text": "and we're hovering well above all-time"}, {"start": "00:05:49", "end": "00:05:53", "text": "highs from last cycle. And the risk"}, {"start": "00:05:53", "end": "00:05:57", "text": "score is a 31. So last cycle, we were at"}, {"start": "00:05:57", "end": "00:05:59", "text": "a 55 as we're like about to break"}, {"start": "00:05:59", "end": "00:06:01", "text": "all-time high. And you can just see it"}, {"start": "00:06:01", "end": "00:06:03", "text": "just continued into that like"}, {"start": "00:06:03", "end": "00:06:06", "text": "overbought. You see the risk model"}, {"start": "00:06:06", "end": "00:06:07", "text": "getting really just kind of into the"}, {"start": "00:06:07", "end": "00:06:10", "text": "70s. And even if you look two cycles"}, {"start": "00:06:10", "end": "00:06:12", "text": "ago, just how quick that move was, that"}, {"start": "00:06:12", "end": "00:06:15", "text": "parabolic move. This cycle and we see"}, {"start": "00:06:15", "end": "00:06:16", "text": "this from so many different"}, {"start": "00:06:16", "end": "00:06:18", "text": "perspectives. Just look at this. It's so"}, {"start": "00:06:18", "end": "00:06:21", "text": "leveled off. The bull move for crypto in"}, {"start": "00:06:21", "end": "00:06:25", "text": "my opinion is still so in play and has"}, {"start": "00:06:25", "end": "00:06:28", "text": "not happened. we go to the altcoin"}, {"start": "00:06:28", "end": "00:06:31", "text": "market cap chart. Now, a couple things I"}, {"start": "00:06:31", "end": "00:06:33", "text": "noticed, and this is a little bit of a"}, {"start": "00:06:33", "end": "00:06:35", "text": "different twist, the structure of the"}, {"start": "00:06:35", "end": "00:06:37", "text": "altcoin market cap chart, and I've been"}, {"start": "00:06:37", "end": "00:06:39", "text": "covering this structure very similarly"}, {"start": "00:06:39", "end": "00:06:41", "text": "on like a Cardano chart, but I noticed"}, {"start": "00:06:41", "end": "00:06:44", "text": "this on this chart. If you look at last"}, {"start": "00:06:44", "end": "00:06:47", "text": "cycle, like this last swing low before"}, {"start": "00:06:47", "end": "00:06:49", "text": "falling into the bare market bottoms,"}, {"start": "00:06:49", "end": "00:06:50", "text": "right? This rejection at the 20week"}, {"start": "00:06:50", "end": "00:06:53", "text": "moving average. If you take this trend"}, {"start": "00:06:53", "end": "00:06:55", "text": "line from that area and just kind of"}, {"start": "00:06:55", "end": "00:06:58", "text": "pull it across and altcoin market cap"}, {"start": "00:06:58", "end": "00:07:00", "text": "chart is just like consolidating for"}, {"start": "00:07:00", "end": "00:07:02", "text": "years before making the breakout move."}, {"start": "00:07:02", "end": "00:07:04", "text": "Look, here's the 20week moving average"}, {"start": "00:07:04", "end": "00:07:06", "text": "resistance this past cycle falling into"}, {"start": "00:07:06", "end": "00:07:08", "text": "the bare market lows. We take a similar"}, {"start": "00:07:08", "end": "00:07:10", "text": "trend line. We've not broken that trend"}, {"start": "00:07:10", "end": "00:07:13", "text": "line after years and this is even"}, {"start": "00:07:13", "end": "00:07:16", "text": "longer. Look at this higher higher low"}, {"start": "00:07:16", "end": "00:07:19", "text": "consolidation. This, in my view, the"}, {"start": "00:07:19", "end": "00:07:21", "text": "frustration along the way that has been"}, {"start": "00:07:21", "end": "00:07:23", "text": "here for altcoin holders in particular,"}, {"start": "00:07:23", "end": "00:07:26", "text": "this is like an exchanging"}, {"start": "00:07:26", "end": "00:07:30", "text": "of capital from just people that are fed"}, {"start": "00:07:30", "end": "00:07:32", "text": "up. They're losing the patience. They"}, {"start": "00:07:32", "end": "00:07:35", "text": "wanted the quick gains to I you can call"}, {"start": "00:07:35", "end": "00:07:39", "text": "it just patient money value investors"}, {"start": "00:07:39", "end": "00:07:42", "text": "that are on the macro seeing this setup."}, {"start": "00:07:42", "end": "00:07:44", "text": "That's what I think is happening here."}, {"start": "00:07:44", "end": "00:07:46", "text": "But what I noticed was if you look at"}, {"start": "00:07:46", "end": "00:07:48", "text": "this 20week moving average and altcoin"}, {"start": "00:07:48", "end": "00:07:49", "text": "market cap getting ready to make the"}, {"start": "00:07:49", "end": "00:07:52", "text": "breakout move, we could be there right"}, {"start": "00:07:52", "end": "00:07:54", "text": "now. Like we're just above the 20we. We"}, {"start": "00:07:54", "end": "00:07:56", "text": "might have a breakout move. I don't"}, {"start": "00:07:56", "end": "00:07:59", "text": "know. And if this cycle has taught us"}, {"start": "00:07:59", "end": "00:08:01", "text": "anything, don't do that. Don't just look"}, {"start": "00:08:01", "end": "00:08:03", "text": "for similar structure and the similar"}, {"start": "00:08:03", "end": "00:08:05", "text": "breakouts happen. This has been a"}, {"start": "00:08:05", "end": "00:08:09", "text": "patience game. But just let's take this"}, {"start": "00:08:09", "end": "00:08:12", "text": "area just above the 20we making looking"}, {"start": "00:08:12", "end": "00:08:14", "text": "for that move to that trend line similar"}, {"start": "00:08:14", "end": "00:08:18", "text": "to here. Well, here we are back here. We"}, {"start": "00:08:18", "end": "00:08:21", "text": "can call it mid November 20120. If you"}, {"start": "00:08:21", "end": "00:08:24", "text": "go and you look at our risk model for uh"}, {"start": "00:08:24", "end": "00:08:25", "text": "the altcoin market cap chart, mid-"}, {"start": "00:08:25", "end": "00:08:28", "text": "November, check it out. Even then in mid"}, {"start": "00:08:28", "end": "00:08:33", "text": "November we were at like a 31."}, {"start": "00:08:33", "end": "00:08:36", "text": "So that is when the altcoin market cap"}, {"start": "00:08:36", "end": "00:08:40", "text": "chart at that moment was still like 200"}, {"start": "00:08:40", "end": "00:08:41", "text": "some percent away from all-time high of"}, {"start": "00:08:41", "end": "00:08:44", "text": "the previous cycle. Right now we're"}, {"start": "00:08:44", "end": "00:08:47", "text": "hovering at alltime high from last cycle"}, {"start": "00:08:47", "end": "00:08:50", "text": "and we're at a 22."}, {"start": "00:08:50", "end": "00:08:53", "text": "The risk has been so leveled off. This"}, {"start": "00:08:53", "end": "00:08:56", "text": "has been a slow accumulation phase. One"}, {"start": "00:08:56", "end": "00:08:59", "text": "theory could be the suppression in these"}, {"start": "00:08:59", "end": "00:09:01", "text": "markets to allow for that changing of"}, {"start": "00:09:01", "end": "00:09:04", "text": "hands into all the institutions that are"}, {"start": "00:09:04", "end": "00:09:06", "text": "rushing into crypto right now."}, {"start": "00:09:06", "end": "00:09:08", "text": "Especially as we approach this, you"}, {"start": "00:09:08", "end": "00:09:09", "text": "know, not approach, but we're already in"}, {"start": "00:09:09", "end": "00:09:11", "text": "this procto legislation and the"}, {"start": "00:09:11", "end": "00:09:13", "text": "unlocking of innovation and liquidity in"}, {"start": "00:09:13", "end": "00:09:16", "text": "the crypto space. The these risk scores"}, {"start": "00:09:16", "end": "00:09:19", "text": "are very telling in my opinion. But"}, {"start": "00:09:19", "end": "00:09:22", "text": "notice this on the altcoin risk score."}, {"start": "00:09:22", "end": "00:09:24", "text": "Historically at the risk level 22, the"}, {"start": "00:09:24", "end": "00:09:27", "text": "price was higher 69% of the time after 3"}, {"start": "00:09:27", "end": "00:09:30", "text": "months, 75% of the time after a year."}, {"start": "00:09:30", "end": "00:09:31", "text": "That's interesting when we think about"}, {"start": "00:09:31", "end": "00:09:33", "text": "the shut the shutdown data that we were"}, {"start": "00:09:33", "end": "00:09:37", "text": "just looking at, right? 86% of cases the"}, {"start": "00:09:37", "end": "00:09:39", "text": "S&P 500 has ended higher one year after"}, {"start": "00:09:39", "end": "00:09:41", "text": "a shutdown. But then go look at the"}, {"start": "00:09:41", "end": "00:09:43", "text": "total crypto market cap, including"}, {"start": "00:09:43", "end": "00:09:46", "text": "Bitcoin and Ethereum. At this 31 risk"}, {"start": "00:09:46", "end": "00:09:49", "text": "score, the price was higher 73% of the"}, {"start": "00:09:49", "end": "00:09:52", "text": "time after three months, 90% of the time"}, {"start": "00:09:52", "end": "00:09:57", "text": "after one year. So again,"}, {"start": "00:09:57", "end": "00:09:59", "text": "there is no guarantee."}, {"start": "00:09:59", "end": "00:10:03", "text": "I've been very consistent from bare"}, {"start": "00:10:03", "end": "00:10:05", "text": "market lows"}, {"start": "00:10:05", "end": "00:10:07", "text": "in terms of my bullish sentiment for the"}, {"start": "00:10:07", "end": "00:10:10", "text": "macro, in terms of my game plan for the"}, {"start": "00:10:10", "end": "00:10:13", "text": "macro. And I continue to remain"}, {"start": "00:10:13", "end": "00:10:16", "text": "consistent, not even based on our risk"}, {"start": "00:10:16", "end": "00:10:18", "text": "models. And you can see if we start"}, {"start": "00:10:18", "end": "00:10:20", "text": "getting into crazy territory, these risk"}, {"start": "00:10:20", "end": "00:10:22", "text": "models are going to be so useful for"}, {"start": "00:10:22", "end": "00:10:25", "text": "myself and our members to start knowing"}, {"start": "00:10:25", "end": "00:10:29", "text": "when to take profit. But we continue to"}, {"start": "00:10:29", "end": "00:10:33", "text": "just operate in this realm of moderate"}, {"start": "00:10:33", "end": "00:10:36", "text": "buy lowrisk territory. Meaning for me"}, {"start": "00:10:36", "end": "00:10:38", "text": "the move has not happened yet. But this"}, {"start": "00:10:38", "end": "00:10:41", "text": "is why I'm macro bullish alongside all"}, {"start": "00:10:41", "end": "00:10:43", "text": "the other things that I'm talking about."}, {"start": "00:10:43", "end": "00:10:45", "text": "So let's end this with an Ethereum"}, {"start": "00:10:45", "end": "00:10:48", "text": "analysis. This is a caution chart but"}, {"start": "00:10:48", "end": "00:10:50", "text": "also a bullish confirmation chart. I did"}, {"start": "00:10:50", "end": "00:10:52", "text": "this in last night's video. We are"}, {"start": "00:10:52", "end": "00:10:54", "text": "approaching the 20 and 50day moving"}, {"start": "00:10:54", "end": "00:10:57", "text": "averages. this pullback to the area."}, {"start": "00:10:57", "end": "00:10:59", "text": "Incredibly normal. As you know, we got"}, {"start": "00:10:59", "end": "00:11:02", "text": "the 20 falling below the 50. So, you see"}, {"start": "00:11:02", "end": "00:11:03", "text": "price falling and then we're pulling"}, {"start": "00:11:03", "end": "00:11:05", "text": "back into the area. If we get"}, {"start": "00:11:05", "end": "00:11:08", "text": "resistance, just please know if we get a"}, {"start": "00:11:08", "end": "00:11:11", "text": "drop on crypto markets, a move to the"}, {"start": "00:11:11", "end": "00:11:15", "text": "mid 3000s for Ethereum is normal in"}, {"start": "00:11:15", "end": "00:11:18", "text": "play. People will be so frustrated if"}, {"start": "00:11:18", "end": "00:11:20", "text": "something like this happens. I will be"}, {"start": "00:11:20", "end": "00:11:23", "text": "doing videos still bullish. Not only"}, {"start": "00:11:23", "end": "00:11:26", "text": "because the technical move is normal,"}, {"start": "00:11:26", "end": "00:11:27", "text": "but even we have something like the"}, {"start": "00:11:27", "end": "00:11:30", "text": "shutdown data saying you know what"}, {"start": "00:11:30", "end": "00:11:33", "text": "Bitcoin and previous you know shutdowns"}, {"start": "00:11:33", "end": "00:11:36", "text": "basically did something different right"}, {"start": "00:11:36", "end": "00:11:39", "text": "and basically uh this chart illustrates"}, {"start": "00:11:39", "end": "00:11:43", "text": "that. So let's just keep an eye in terms"}, {"start": "00:11:43", "end": "00:11:45", "text": "of like how this plays out on the short"}, {"start": "00:11:45", "end": "00:11:47", "text": "term but just know Ethereum is kind of"}, {"start": "00:11:47", "end": "00:11:49", "text": "giving us a nice road map. If we see"}, {"start": "00:11:49", "end": "00:11:52", "text": "Ethereum start breaking above the 20 and"}, {"start": "00:11:52", "end": "00:11:55", "text": "the 50, so really $4,400 and then this"}, {"start": "00:11:55", "end": "00:11:58", "text": "lower trend line, we might have just"}, {"start": "00:11:58", "end": "00:12:01", "text": "this break into a a new price discovery"}, {"start": "00:12:01", "end": "00:12:06", "text": "move in the next couple of weeks. But"}, {"start": "00:12:06", "end": "00:12:07", "text": "for me, I'm just like, you know what?"}, {"start": "00:12:07", "end": "00:12:10", "text": "It's 50/50 what happens between now and"}, {"start": "00:12:10", "end": "00:12:12", "text": "October 15th. Basically, the first half"}, {"start": "00:12:12", "end": "00:12:14", "text": "of October, it's 50/50. I don't know."}, {"start": "00:12:14", "end": "00:12:15", "text": "I'm not going to sit here and try and"}, {"start": "00:12:15", "end": "00:12:17", "text": "guess. I just know I'm ready for either"}, {"start": "00:12:17", "end": "00:12:20", "text": "scenario. But it's the macro that means"}, {"start": "00:12:20", "end": "00:12:23", "text": "a lot to me on the Ethereum chart, on"}, {"start": "00:12:23", "end": "00:12:26", "text": "the Cardano chart, and on all of these"}, {"start": "00:12:26", "end": "00:12:28", "text": "risk model charts and all the charts"}, {"start": "00:12:28", "end": "00:12:30", "text": "that we have back here. So, these are my"}, {"start": "00:12:30", "end": "00:12:33", "text": "thoughts today as we begin October. Some"}, {"start": "00:12:33", "end": "00:12:35", "text": "might call it October."}, {"start": "00:12:35", "end": "00:12:38", "text": "Do not think anything is guaranteed, but"}, {"start": "00:12:38", "end": "00:12:40", "text": "let's continue tracking the data. Let's"}, {"start": "00:12:40", "end": "00:12:43", "text": "continue trying to prepare. And I"}, {"start": "00:12:43", "end": "00:12:44", "text": "appreciate all of you watching. If"}, {"start": "00:12:44", "end": "00:12:46", "text": "you're not in our intelligence system,"}, {"start": "00:12:46", "end": "00:12:48", "text": "please get back there. Get set up with"}, {"start": "00:12:48", "end": "00:12:51", "text": "our risk models, our exit planner, um"}, {"start": "00:12:51", "end": "00:12:52", "text": "our AI that's back there, and start"}, {"start": "00:12:52", "end": "00:12:54", "text": "planning, everybody. Start strategizing."}, {"start": "00:12:54", "end": "00:12:56", "text": "I'm again, I say this a lot, I'm very"}, {"start": "00:12:56", "end": "00:12:58", "text": "excited to be able to offer this product"}, {"start": "00:12:58", "end": "00:13:01", "text": "and grow this company. And I I really"}, {"start": "00:13:01", "end": "00:13:03", "text": "think that the tools will be valuable to"}, {"start": "00:13:03", "end": "00:13:05", "text": "all of us. So, appreciate you watching."}, {"start": "00:13:05", "end": "00:13:06", "text": "If you enjoyed the video, smash that"}, {"start": "00:13:06", "end": "00:13:08", "text": "like. I'll see you in the next video."}, {"start": "00:13:08", "end": "00:13:11", "text": "God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "CZ, founder of Binance, posting bullish."}, {"start": "00:00:03", "end": "00:00:05", "text": "And this is macro bullish. This is cycle"}, {"start": "00:00:05", "end": "00:00:07", "text": "bullish. It's time to pay attention to"}, {"start": "00:00:07", "end": "00:00:08", "text": "what he's saying right here. I want to"}, {"start": "00:00:08", "end": "00:00:11", "text": "break down this exact date. October 4th,"}, {"start": "00:00:11", "end": "00:00:14", "text": "2017. Not only just for Bitcoin, but for"}, {"start": "00:00:14", "end": "00:00:16", "text": "crypto and all coins in general. There"}, {"start": "00:00:16", "end": "00:00:18", "text": "is a lot of really cool data surrounding"}, {"start": "00:00:18", "end": "00:00:25", "text": "this post by CZ that is speculating on a"}, {"start": "00:00:25", "end": "00:00:29", "text": "2017 style parabolic bull move."}, {"start": "00:00:29", "end": "00:00:31", "text": "basically is what it is. I want to look"}, {"start": "00:00:31", "end": "00:00:34", "text": "at Ethereum and I want to look at ADA in"}, {"start": "00:00:34", "end": "00:00:36", "text": "the second half of this video in terms"}, {"start": "00:00:36", "end": "00:00:38", "text": "of short-term price action. There is a"}, {"start": "00:00:38", "end": "00:00:40", "text": "dip very much in play right now. But I"}, {"start": "00:00:40", "end": "00:00:41", "text": "want to show you the confirmation area"}, {"start": "00:00:41", "end": "00:00:44", "text": "for the bulls for these two charts"}, {"start": "00:00:44", "end": "00:00:46", "text": "because if this one area of resistance"}, {"start": "00:00:46", "end": "00:00:48", "text": "breaks, it could be a very very good"}, {"start": "00:00:48", "end": "00:00:51", "text": "signal for the reversal being in and the"}, {"start": "00:00:51", "end": "00:00:52", "text": "bulls stepping in. So, hit the subscribe"}, {"start": "00:00:52", "end": "00:00:54", "text": "and like on the way in. If you're not in"}, {"start": "00:00:54", "end": "00:00:56", "text": "our intelligence system, click the link"}, {"start": "00:00:56", "end": "00:00:58", "text": "below. We have a free trial going on"}, {"start": "00:00:58", "end": "00:01:00", "text": "right now. Join all the members that are"}, {"start": "00:01:00", "end": "00:01:02", "text": "joining and try our system out. We've"}, {"start": "00:01:02", "end": "00:01:03", "text": "got Bitcoin risk models sitting at a"}, {"start": "00:01:03", "end": "00:01:06", "text": "pre-bull market 51 and we've got a bunch"}, {"start": "00:01:06", "end": "00:01:08", "text": "of altcoin models back there. We've got"}, {"start": "00:01:08", "end": "00:01:10", "text": "our exit planner back here. Earlier I"}, {"start": "00:01:10", "end": "00:01:13", "text": "was having a chat with with zero and I"}, {"start": "00:01:13", "end": "00:01:14", "text": "actually just asked I said price"}, {"start": "00:01:14", "end": "00:01:16", "text": "prediction in one sentence with reason"}, {"start": "00:01:16", "end": "00:01:19", "text": "for Cardano for this cycle going into"}, {"start": "00:01:19", "end": "00:01:24", "text": "2026 just for fun. 7 to10 by 2026."}, {"start": "00:01:24", "end": "00:01:26", "text": "we'd have to dig more into why zero is"}, {"start": "00:01:26", "end": "00:01:27", "text": "saying that, but go mess around with"}, {"start": "00:01:27", "end": "00:01:30", "text": "zero or AI and it's trained on our data"}, {"start": "00:01:30", "end": "00:01:32", "text": "and you can really strategize in really"}, {"start": "00:01:32", "end": "00:01:34", "text": "cool ways with the system. So, let's"}, {"start": "00:01:34", "end": "00:01:37", "text": "start with this. Not predicting the"}, {"start": "00:01:37", "end": "00:01:39", "text": "future and don't get too excited. A"}, {"start": "00:01:39", "end": "00:01:41", "text": "September and a past my first crypto"}, {"start": "00:01:41", "end": "00:01:44", "text": "cycle just data. So, he's just"}, {"start": "00:01:44", "end": "00:01:48", "text": "revisiting basically, you know, a 2017"}, {"start": "00:01:48", "end": "00:01:52", "text": "cycle. And what I did was, and I don't"}, {"start": "00:01:52", "end": "00:01:53", "text": "think there's any specific reason he did"}, {"start": "00:01:53", "end": "00:01:56", "text": "October 4th, but what I did was I wanted"}, {"start": "00:01:56", "end": "00:01:58", "text": "to dig into that just area. And there's"}, {"start": "00:01:58", "end": "00:02:01", "text": "a few data points here. Number one,"}, {"start": "00:02:01", "end": "00:02:02", "text": "Bitcoin dominance. So, this is very"}, {"start": "00:02:02", "end": "00:02:05", "text": "specific to all coins. Bitcoin dominance"}, {"start": "00:02:05", "end": "00:02:07", "text": "right now, first off, as you see, is"}, {"start": "00:02:07", "end": "00:02:10", "text": "kind of making a a pullback to these"}, {"start": "00:02:10", "end": "00:02:11", "text": "moving averages on the weekly. The 20 in"}, {"start": "00:02:11", "end": "00:02:13", "text": "green, the 50 in blue. It's such a"}, {"start": "00:02:13", "end": "00:02:16", "text": "normal move, and that's happening right"}, {"start": "00:02:16", "end": "00:02:18", "text": "now. Whether it gets there or not, we"}, {"start": "00:02:18", "end": "00:02:20", "text": "will monitor and see. But I find it"}, {"start": "00:02:20", "end": "00:02:22", "text": "interesting if you go back and you look"}, {"start": "00:02:22", "end": "00:02:25", "text": "at October 2017."}, {"start": "00:02:25", "end": "00:02:28", "text": "Check this out. Bitcoin dominance was"}, {"start": "00:02:28", "end": "00:02:29", "text": "falling and then we're actually in"}, {"start": "00:02:29", "end": "00:02:31", "text": "October starting to pull back into the"}, {"start": "00:02:31", "end": "00:02:36", "text": "20we and the 50we. So that tugofwar was"}, {"start": "00:02:36", "end": "00:02:40", "text": "going on back then in this October area"}, {"start": "00:02:40", "end": "00:02:42", "text": "of 2017. I find that interesting because"}, {"start": "00:02:42", "end": "00:02:44", "text": "that's precisely what is happening right"}, {"start": "00:02:44", "end": "00:02:47", "text": "now. That was not the end of altcoins."}, {"start": "00:02:47", "end": "00:02:49", "text": "Altcoins still had more ways to go."}, {"start": "00:02:49", "end": "00:02:51", "text": "Number number two, if you look at the"}, {"start": "00:02:51", "end": "00:02:54", "text": "Bitcoin risk model in"}, {"start": "00:02:54", "end": "00:02:56", "text": "our intelligence system as it relates to"}, {"start": "00:02:56", "end": "00:03:00", "text": "this date that CZ posted, check this"}, {"start": "00:03:00", "end": "00:03:04", "text": "out. Our risk model in October 2017, if"}, {"start": "00:03:04", "end": "00:03:06", "text": "I zoom in right now, by the way, you see"}, {"start": "00:03:06", "end": "00:03:09", "text": "it, it's at a 51. Well, October 4th, we"}, {"start": "00:03:09", "end": "00:03:14", "text": "were sitting at a what is it? A 65. So"}, {"start": "00:03:14", "end": "00:03:17", "text": "right now, Bitcoin is less risky than it"}, {"start": "00:03:17", "end": "00:03:22", "text": "was in that post that CZ made from 2017."}, {"start": "00:03:22", "end": "00:03:25", "text": "So Bitcoin is less risky and there was a"}, {"start": "00:03:25", "end": "00:03:27", "text": "ton of upside for Bitcoin. So that's"}, {"start": "00:03:27", "end": "00:03:29", "text": "number one. Number two, as we've noted a"}, {"start": "00:03:29", "end": "00:03:31", "text": "lot on on a lot of these risk models,"}, {"start": "00:03:31", "end": "00:03:33", "text": "way in which Bitcoin is trading, the way"}, {"start": "00:03:33", "end": "00:03:37", "text": "in risk in in in which the risk model is"}, {"start": "00:03:37", "end": "00:03:39", "text": "just kind of getting a swing high, the"}, {"start": "00:03:39", "end": "00:03:41", "text": "60s and consolidating for months, swing"}, {"start": "00:03:41", "end": "00:03:43", "text": "high, consolidating, it's like nothing"}, {"start": "00:03:43", "end": "00:03:45", "text": "we've ever seen in any cycle. That was"}, {"start": "00:03:45", "end": "00:03:47", "text": "number one to pay attention to. But if"}, {"start": "00:03:47", "end": "00:03:48", "text": "we want to take a specific time frame to"}, {"start": "00:03:48", "end": "00:03:50", "text": "compare now, now you're starting to see"}, {"start": "00:03:50", "end": "00:03:53", "text": "even even this post that CZ is saying,"}, {"start": "00:03:53", "end": "00:03:56", "text": "Bitcoin is even less risky and altcoins"}, {"start": "00:03:56", "end": "00:03:58", "text": "are even less risky, right? If you want"}, {"start": "00:03:58", "end": "00:04:01", "text": "to go into a risk model for all coins,"}, {"start": "00:04:01", "end": "00:04:04", "text": "it's at a 24 right now. If you go, and"}, {"start": "00:04:04", "end": "00:04:06", "text": "this might surprise you, if you actually"}, {"start": "00:04:06", "end": "00:04:10", "text": "go to um October 2017, if you want to"}, {"start": "00:04:10", "end": "00:04:12", "text": "get a sense of how suppressed the market"}, {"start": "00:04:12", "end": "00:04:16", "text": "is right now, October 2017 for uh the"}, {"start": "00:04:16", "end": "00:04:20", "text": "altcoin risk model, it was 74."}, {"start": "00:04:20", "end": "00:04:23", "text": "Still room to go, but 74. If you want to"}, {"start": "00:04:23", "end": "00:04:25", "text": "know why I'm bullish on altcoins right"}, {"start": "00:04:25", "end": "00:04:27", "text": "now, as CZ is posting stuff like that,"}, {"start": "00:04:27", "end": "00:04:30", "text": "even this is why. because we're in a"}, {"start": "00:04:30", "end": "00:04:33", "text": "pre-bull move and we're not at 74, we're"}, {"start": "00:04:33", "end": "00:04:35", "text": "at 24. The bull move for altcoins has"}, {"start": "00:04:35", "end": "00:04:39", "text": "not happened yet. So lastly, another"}, {"start": "00:04:39", "end": "00:04:41", "text": "data point is this. I I wanted to pull"}, {"start": "00:04:41", "end": "00:04:42", "text": "up dormant supply for Bitcoin and then"}, {"start": "00:04:42", "end": "00:04:43", "text": "we're going to go into Ethereum and"}, {"start": "00:04:43", "end": "00:04:46", "text": "Cardano price action, but I pulled this"}, {"start": "00:04:46", "end": "00:04:48", "text": "up, the dormant supply chart. I was just"}, {"start": "00:04:48", "end": "00:04:51", "text": "curious of it. I just like this chart. I"}, {"start": "00:04:51", "end": "00:04:53", "text": "think especially how the guys built this"}, {"start": "00:04:53", "end": "00:04:55", "text": "in terms of this heat map that we have"}, {"start": "00:04:55", "end": "00:04:57", "text": "right here. We have a signal score of"}, {"start": "00:04:57", "end": "00:05:00", "text": "74. And what I want to point out to you"}, {"start": "00:05:00", "end": "00:05:01", "text": "really briefly is dormant supply tracks"}, {"start": "00:05:01", "end": "00:05:03", "text": "Bitcoin that hasn't moved in over a"}, {"start": "00:05:03", "end": "00:05:06", "text": "year. When coins go dormant, it shows"}, {"start": "00:05:06", "end": "00:05:08", "text": "long-term holder confidence. High"}, {"start": "00:05:08", "end": "00:05:10", "text": "dormant supply means buying opportunity."}, {"start": "00:05:10", "end": "00:05:12", "text": "Low dormant supply warns a potential"}, {"start": "00:05:12", "end": "00:05:14", "text": "selling pressure. So when this starts"}, {"start": "00:05:14", "end": "00:05:16", "text": "going low, be careful for bull market"}, {"start": "00:05:16", "end": "00:05:18", "text": "highs."}, {"start": "00:05:18", "end": "00:05:20", "text": "Look at the chart. I'm going to break"}, {"start": "00:05:20", "end": "00:05:21", "text": "down this the signal and we're going to"}, {"start": "00:05:21", "end": "00:05:24", "text": "look at October 2017. But first off,"}, {"start": "00:05:24", "end": "00:05:26", "text": "just look similar to the risk model and"}, {"start": "00:05:26", "end": "00:05:28", "text": "charts in general. You can see we're"}, {"start": "00:05:28", "end": "00:05:31", "text": "like falling and then boom, we're we're"}, {"start": "00:05:31", "end": "00:05:32", "text": "getting a pullback to the upside and"}, {"start": "00:05:32", "end": "00:05:34", "text": "then we're falling again. This is"}, {"start": "00:05:34", "end": "00:05:36", "text": "something we've not really seen like in"}, {"start": "00:05:36", "end": "00:05:38", "text": "last cycle. It's just one rounded loop,"}, {"start": "00:05:38", "end": "00:05:41", "text": "right? In terms of the dormant supply"}, {"start": "00:05:41", "end": "00:05:43", "text": "and then even 2017 similar one rounded"}, {"start": "00:05:43", "end": "00:05:45", "text": "move and there it is. Bitcoin topping"}, {"start": "00:05:45", "end": "00:05:48", "text": "out back here peaking the dormant supply"}, {"start": "00:05:48", "end": "00:05:50", "text": "peaking at a signal of 100."}, {"start": "00:05:50", "end": "00:05:54", "text": "But here's the deal. We are if we're"}, {"start": "00:05:54", "end": "00:05:57", "text": "comparing October 2017, October 4th, it"}, {"start": "00:05:57", "end": "00:06:00", "text": "was an 80 then it was an 80. And you see"}, {"start": "00:06:00", "end": "00:06:02", "text": "how much room it still had to go in"}, {"start": "00:06:02", "end": "00:06:05", "text": "terms of Bitcoin price, right? I mean,"}, {"start": "00:06:05", "end": "00:06:08", "text": "think about it. October 4th, 2017, it"}, {"start": "00:06:08", "end": "00:06:10", "text": "was an 80. Bitcoin price was around"}, {"start": "00:06:10", "end": "00:06:12", "text": "4,200 and and look where Bitcoin price"}, {"start": "00:06:12", "end": "00:06:15", "text": "went, right? Around 20,000. That was the"}, {"start": "00:06:15", "end": "00:06:18", "text": "upside that was in play even at an 80."}, {"start": "00:06:18", "end": "00:06:20", "text": "Well, similar to risk score, we're at a"}, {"start": "00:06:20", "end": "00:06:23", "text": "74 right now. We are at a 74 which yes"}, {"start": "00:06:23", "end": "00:06:25", "text": "is high and yes we should be careful and"}, {"start": "00:06:25", "end": "00:06:28", "text": "monitor this cycle very closely but all"}, {"start": "00:06:28", "end": "00:06:31", "text": "of these signals are strongly suggesting"}, {"start": "00:06:31", "end": "00:06:32", "text": "and especially if you start looking at"}, {"start": "00:06:32", "end": "00:06:35", "text": "altcoin data strongly suggesting and"}, {"start": "00:06:35", "end": "00:06:37", "text": "when you think about the business cycle"}, {"start": "00:06:37", "end": "00:06:39", "text": "that we are in right now the the"}, {"start": "00:06:39", "end": "00:06:41", "text": "quantitative tightening slowing down"}, {"start": "00:06:41", "end": "00:06:43", "text": "interest rates are starting to come down"}, {"start": "00:06:43", "end": "00:06:45", "text": "pro crypto legislation think about all"}, {"start": "00:06:45", "end": "00:06:47", "text": "that stuff too while I'm talking but the"}, {"start": "00:06:47", "end": "00:06:51", "text": "data just unemotional data that I'm"}, {"start": "00:06:51", "end": "00:06:53", "text": "presenting to you is suggesting that"}, {"start": "00:06:53", "end": "00:06:55", "text": "there is bull market left to go. And"}, {"start": "00:06:55", "end": "00:06:58", "text": "when it comes to things like altcoins, a"}, {"start": "00:06:58", "end": "00:07:00", "text": "lot of bull market left to go. So, I"}, {"start": "00:07:00", "end": "00:07:02", "text": "wanted to share that data with you. I I"}, {"start": "00:07:02", "end": "00:07:05", "text": "wanted to kind of just like really bring"}, {"start": "00:07:05", "end": "00:07:08", "text": "data into CZ's posts because it's fun to"}, {"start": "00:07:08", "end": "00:07:10", "text": "look at a chart like that, but you start"}, {"start": "00:07:10", "end": "00:07:11", "text": "dissecting the data, it becomes even"}, {"start": "00:07:11", "end": "00:07:13", "text": "more exciting. So, let's look at"}, {"start": "00:07:13", "end": "00:07:16", "text": "Ethereum and Cardano. It's very simple"}, {"start": "00:07:16", "end": "00:07:18", "text": "for me. For something like Ethereum, we"}, {"start": "00:07:18", "end": "00:07:20", "text": "were already anticipating. we've been"}, {"start": "00:07:20", "end": "00:07:22", "text": "for weeks. The throwback to this massive"}, {"start": "00:07:22", "end": "00:07:24", "text": "multi-year triangle, the the throwback"}, {"start": "00:07:24", "end": "00:07:26", "text": "has begun. We might continue. We might"}, {"start": "00:07:26", "end": "00:07:28", "text": "go to the apex. We might go to this"}, {"start": "00:07:28", "end": "00:07:31", "text": "upper trend line around 35, $3,600. I"}, {"start": "00:07:31", "end": "00:07:33", "text": "don't know. We might continue this dip"}, {"start": "00:07:33", "end": "00:07:36", "text": "the next like I would say week, two"}, {"start": "00:07:36", "end": "00:07:38", "text": "weeks could have that in store. Be"}, {"start": "00:07:38", "end": "00:07:42", "text": "careful for it. Especially this, and I"}, {"start": "00:07:42", "end": "00:07:43", "text": "want to talk about the bullish"}, {"start": "00:07:43", "end": "00:07:45", "text": "confirmation as we talk about this. We"}, {"start": "00:07:45", "end": "00:07:47", "text": "have the 20-day falling below the"}, {"start": "00:07:47", "end": "00:07:49", "text": "50-day. We're getting a nice little"}, {"start": "00:07:49", "end": "00:07:51", "text": "pullback. People might be getting all"}, {"start": "00:07:51", "end": "00:07:53", "text": "bullish. Here we go. Bulls are stepping"}, {"start": "00:07:53", "end": "00:07:55", "text": "in and then boom, there's rejection,"}, {"start": "00:07:55", "end": "00:07:58", "text": "right? Well, that can very well happen."}, {"start": "00:07:58", "end": "00:08:00", "text": "That is that would be a very normal"}, {"start": "00:08:00", "end": "00:08:01", "text": "move, especially if we're going to"}, {"start": "00:08:01", "end": "00:08:03", "text": "continue our target our our way to the"}, {"start": "00:08:03", "end": "00:08:06", "text": "target of this symmetrical triangle that"}, {"start": "00:08:06", "end": "00:08:09", "text": "we were tracking, right? And a throwback"}, {"start": "00:08:09", "end": "00:08:11", "text": "to this massive triangle. But if"}, {"start": "00:08:11", "end": "00:08:14", "text": "Ethereum breaks above these moving"}, {"start": "00:08:14", "end": "00:08:17", "text": "averages on the short term, start paying"}, {"start": "00:08:17", "end": "00:08:18", "text": "attention because that could be a very"}, {"start": "00:08:18", "end": "00:08:21", "text": "strong bullish confirmation for the"}, {"start": "00:08:21", "end": "00:08:23", "text": "short term. I want to mention something"}, {"start": "00:08:23", "end": "00:08:26", "text": "to you. We have a very similar thing"}, {"start": "00:08:26", "end": "00:08:28", "text": "that has played out very recently. This"}, {"start": "00:08:28", "end": "00:08:29", "text": "is not that long ago. This is like May"}, {"start": "00:08:29", "end": "00:08:32", "text": "to June to July. You see this move right"}, {"start": "00:08:32", "end": "00:08:34", "text": "here into consolidation. I'm just going"}, {"start": "00:08:34", "end": "00:08:36", "text": "to take the fractal just for fun. But"}, {"start": "00:08:36", "end": "00:08:38", "text": "look at that. And what's happening? It's"}, {"start": "00:08:38", "end": "00:08:40", "text": "very similar to what is happening right"}, {"start": "00:08:40", "end": "00:08:43", "text": "now. That 20day was falling below the"}, {"start": "00:08:43", "end": "00:08:46", "text": "50, right? Let me zoom in here so we can"}, {"start": "00:08:46", "end": "00:08:48", "text": "see this better. 20 was falling below"}, {"start": "00:08:48", "end": "00:08:49", "text": "the 50. The 20 is in green, falling"}, {"start": "00:08:49", "end": "00:08:52", "text": "below the 50. Ethereum falling and then"}, {"start": "00:08:52", "end": "00:08:53", "text": "pulling back into those moving averages"}, {"start": "00:08:53", "end": "00:08:55", "text": "area. This is the move that's happening"}, {"start": "00:08:55", "end": "00:08:57", "text": "now. We wait. There could have been"}, {"start": "00:08:57", "end": "00:09:00", "text": "rejection right here. Rejection and then"}, {"start": "00:09:00", "end": "00:09:02", "text": "down. But we got a bullish confirmation,"}, {"start": "00:09:02", "end": "00:09:04", "text": "a break above those moving averages."}, {"start": "00:09:04", "end": "00:09:07", "text": "This is exactly where we are right now."}, {"start": "00:09:07", "end": "00:09:09", "text": "we are pulling back into the moving"}, {"start": "00:09:09", "end": "00:09:10", "text": "averages. What happens there? What"}, {"start": "00:09:10", "end": "00:09:15", "text": "happens at around $4,400 to $4,300?"}, {"start": "00:09:15", "end": "00:09:16", "text": "That's what I'll be watching on"}, {"start": "00:09:16", "end": "00:09:18", "text": "Ethereum. And it's very similar with"}, {"start": "00:09:18", "end": "00:09:21", "text": "Cardano right now. You can see Cardano"}, {"start": "00:09:21", "end": "00:09:23", "text": "even in terms of this like move of"}, {"start": "00:09:23", "end": "00:09:25", "text": "higher highs and higher lows across you"}, {"start": "00:09:25", "end": "00:09:27", "text": "know days on this daily. It looks like"}, {"start": "00:09:27", "end": "00:09:29", "text": "it wants to break out. The question will"}, {"start": "00:09:29", "end": "00:09:32", "text": "be do we get a move to the 20 and 50? So"}, {"start": "00:09:32", "end": "00:09:34", "text": "this is like 85 to 86 cents. And if we"}, {"start": "00:09:34", "end": "00:09:37", "text": "get the move, does ADA break above that"}, {"start": "00:09:37", "end": "00:09:39", "text": "area? This is important because right"}, {"start": "00:09:39", "end": "00:09:41", "text": "along that area is this wedge that we've"}, {"start": "00:09:41", "end": "00:09:43", "text": "been tracking. So there's the higher"}, {"start": "00:09:43", "end": "00:09:46", "text": "highs. Here's the higher lows. We broke"}, {"start": "00:09:46", "end": "00:09:48", "text": "to the downside. So we broke to the"}, {"start": "00:09:48", "end": "00:09:50", "text": "downside and we're getting a little bit"}, {"start": "00:09:50", "end": "00:09:52", "text": "of a pullback potentially right now. We"}, {"start": "00:09:52", "end": "00:09:54", "text": "want to see Cardano really break"}, {"start": "00:09:54", "end": "00:09:56", "text": "strongly above 90 cents and into the"}, {"start": "00:09:56", "end": "00:09:58", "text": "mid90s to really get a bull confirmation"}, {"start": "00:09:58", "end": "00:10:00", "text": "on Cardano. Until that happens, and it"}, {"start": "00:10:00", "end": "00:10:02", "text": "could happen fast, everybody. All of a"}, {"start": "00:10:02", "end": "00:10:05", "text": "sudden, we could be at 88 cents. Boom."}, {"start": "00:10:05", "end": "00:10:07", "text": "That's one step, right? And then from"}, {"start": "00:10:07", "end": "00:10:08", "text": "there, it's like, all right, what's it"}, {"start": "00:10:08", "end": "00:10:10", "text": "going to do here? Maybe there's sideways"}, {"start": "00:10:10", "end": "00:10:12", "text": "and resistance and then boom. So, that's"}, {"start": "00:10:12", "end": "00:10:14", "text": "the move for Cardono. I'm waiting. I'm"}, {"start": "00:10:14", "end": "00:10:16", "text": "tracking. But please keep in mind,"}, {"start": "00:10:16", "end": "00:10:18", "text": "similar to Ethereum, we might just get"}, {"start": "00:10:18", "end": "00:10:20", "text": "resistance below these moving averages"}, {"start": "00:10:20", "end": "00:10:22", "text": "and we might fall to the target. It"}, {"start": "00:10:22", "end": "00:10:24", "text": "could be a rough next couple of weeks"}, {"start": "00:10:24", "end": "00:10:28", "text": "for for crypto, for altcoins. Who knows?"}, {"start": "00:10:28", "end": "00:10:30", "text": "I do not know. But I do know on the bull"}, {"start": "00:10:30", "end": "00:10:33", "text": "on the macro I'm bullish and I try to"}, {"start": "00:10:33", "end": "00:10:35", "text": "present some data in this video that's a"}, {"start": "00:10:35", "end": "00:10:37", "text": "little bit different. Um so hopefully"}, {"start": "00:10:37", "end": "00:10:38", "text": "you enjoyed it. If you did, please"}, {"start": "00:10:38", "end": "00:10:40", "text": "subscribe, hit that like button if"}, {"start": "00:10:40", "end": "00:10:42", "text": "you're not in our intelligence system."}, {"start": "00:10:42", "end": "00:10:43", "text": "Get into these tools. We have a free"}, {"start": "00:10:43", "end": "00:10:45", "text": "trial so you can try it out. Just make"}, {"start": "00:10:45", "end": "00:10:48", "text": "sure you cancel before the the trial is"}, {"start": "00:10:48", "end": "00:10:50", "text": "over and you know if you don't like it,"}, {"start": "00:10:50", "end": "00:10:52", "text": "it's cool. But join our members and try"}, {"start": "00:10:52", "end": "00:10:55", "text": "us out. At least start planning. So I"}, {"start": "00:10:55", "end": "00:10:56", "text": "appreciate you watching. I'll see you in"}, {"start": "00:10:56", "end": "00:11:00", "text": "the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "It's been a minute, but it is time for a"}, {"start": "00:00:02", "end": "00:00:04", "text": "dog update. Everybody, you look at this"}, {"start": "00:00:04", "end": "00:00:05", "text": "chart on the weekly and you're like one"}, {"start": "00:00:05", "end": "00:00:09", "text": "of two people. You're like, \"Game over."}, {"start": "00:00:09", "end": "00:00:13", "text": "That is hideous failure.\" Or you might"}, {"start": "00:00:13", "end": "00:00:16", "text": "be like me and you're like,"}, {"start": "00:00:16", "end": "00:00:19", "text": "you just can't even believe the the"}, {"start": "00:00:19", "end": "00:00:22", "text": "riskreward, the opportunity that is on"}, {"start": "00:00:22", "end": "00:00:24", "text": "this chart right now for this cycle. And"}, {"start": "00:00:24", "end": "00:00:26", "text": "so that's what I want to talk about is"}, {"start": "00:00:26", "end": "00:00:28", "text": "the chart. We're going to dig into we"}, {"start": "00:00:28", "end": "00:00:30", "text": "can even talk about the bottom here. But"}, {"start": "00:00:30", "end": "00:00:31", "text": "if you've been in crypto for any amount"}, {"start": "00:00:31", "end": "00:00:33", "text": "of time, especially cycles, you see what"}, {"start": "00:00:33", "end": "00:00:36", "text": "might be going on right now. And I want"}, {"start": "00:00:36", "end": "00:00:39", "text": "to try not only identify the bottom, but"}, {"start": "00:00:39", "end": "00:00:40", "text": "also just talk about maybe even a"}, {"start": "00:00:40", "end": "00:00:43", "text": "timeline and our risk model for dog in"}, {"start": "00:00:43", "end": "00:00:45", "text": "the intelligence system. Everybody, this"}, {"start": "00:00:45", "end": "00:00:49", "text": "is where it's at. It's at a 19. And I"}, {"start": "00:00:49", "end": "00:00:51", "text": "think this is going to give like very"}, {"start": "00:00:51", "end": "00:00:53", "text": "valuable data in terms of when the"}, {"start": "00:00:53", "end": "00:00:55", "text": "bottom can be as a hint. It might not be"}, {"start": "00:00:55", "end": "00:00:58", "text": "here yet, but it is very close. And I"}, {"start": "00:00:58", "end": "00:01:00", "text": "want to show you exactly why that is."}, {"start": "00:01:00", "end": "00:01:01", "text": "So, I want to start here though because"}, {"start": "00:01:01", "end": "00:01:03", "text": "this is intriguing to me. This is Arjun"}, {"start": "00:01:03", "end": "00:01:05", "text": "over this is the co-CEO of Kraken. I"}, {"start": "00:01:05", "end": "00:01:07", "text": "covered this post in a video earlier."}, {"start": "00:01:07", "end": "00:01:13", "text": "All of crypto is about to rally and"}, {"start": "00:01:13", "end": "00:01:15", "text": "I've been very interested in his content"}, {"start": "00:01:15", "end": "00:01:17", "text": "lately because not just dog, but he's"}, {"start": "00:01:17", "end": "00:01:21", "text": "been so bullish on Runes and he strikes"}, {"start": "00:01:21", "end": "00:01:23", "text": "me as a very bright guy. I mean, he's a"}, {"start": "00:01:23", "end": "00:01:25", "text": "co-CEO of Kraken. They are like the top"}, {"start": "00:01:25", "end": "00:01:28", "text": "exchange and he's just out there pushing"}, {"start": "00:01:28", "end": "00:01:32", "text": "runes, not just dog and we need to like"}, {"start": "00:01:32", "end": "00:01:34", "text": "that's one data point that doesn't come"}, {"start": "00:01:34", "end": "00:01:36", "text": "come around very often. Something like"}, {"start": "00:01:36", "end": "00:01:39", "text": "that happening with such a value play"}, {"start": "00:01:39", "end": "00:01:42", "text": "like dog that doesn't come around very"}, {"start": "00:01:42", "end": "00:01:44", "text": "often. I'm paying attention to that."}, {"start": "00:01:44", "end": "00:01:46", "text": "Like here's Tyler Winklvoss posting"}, {"start": "00:01:46", "end": "00:01:49", "text": "about, you know, po posting about"}, {"start": "00:01:49", "end": "00:01:51", "text": "something, working alongside Arjun and"}, {"start": "00:01:51", "end": "00:01:53", "text": "Kraken, and then Vincent comes along and"}, {"start": "00:01:53", "end": "00:01:56", "text": "and says, \"Let's bring dog to Gemini.\""}, {"start": "00:01:56", "end": "00:01:58", "text": "And Arjun over here is like tagging"}, {"start": "00:01:58", "end": "00:02:01", "text": "Tyler to do it."}, {"start": "00:02:01", "end": "00:02:05", "text": "We're we're at the very like beginning"}, {"start": "00:02:05", "end": "00:02:07", "text": "of"}, {"start": "00:02:07", "end": "00:02:11", "text": "the dog value play coming to fruition."}, {"start": "00:02:11", "end": "00:02:13", "text": "And because of that, most people don't"}, {"start": "00:02:13", "end": "00:02:16", "text": "see it. And what I've noticed is it"}, {"start": "00:02:16", "end": "00:02:17", "text": "seems like a lot of people that do see"}, {"start": "00:02:17", "end": "00:02:19", "text": "it or a lot of people that are bullish"}, {"start": "00:02:19", "end": "00:02:22", "text": "on such an ugly looking chart like this"}, {"start": "00:02:22", "end": "00:02:23", "text": "are the ones that have been here through"}, {"start": "00:02:23", "end": "00:02:25", "text": "cycles and have seen how similar stories"}, {"start": "00:02:25", "end": "00:02:28", "text": "have played out because this in my view"}, {"start": "00:02:28", "end": "00:02:31", "text": "could very well be the best crypto of"}, {"start": "00:02:31", "end": "00:02:33", "text": "this cycle. And I want to talk about,"}, {"start": "00:02:33", "end": "00:02:34", "text": "you know, why that is. And we'll talk"}, {"start": "00:02:34", "end": "00:02:37", "text": "about targets in this video. But I I do"}, {"start": "00:02:37", "end": "00:02:39", "text": "want to start with something which is"}, {"start": "00:02:39", "end": "00:02:41", "text": "like if you go to the daily chart, it"}, {"start": "00:02:41", "end": "00:02:43", "text": "becomes clear like you can't look at"}, {"start": "00:02:43", "end": "00:02:45", "text": "this. It's very nice that we hit this"}, {"start": "00:02:45", "end": "00:02:47", "text": "oversold area. But if you look at"}, {"start": "00:02:47", "end": "00:02:50", "text": "previous swing lows, right? It's hard to"}, {"start": "00:02:50", "end": "00:02:52", "text": "identify, well, is the bottom in or not,"}, {"start": "00:02:52", "end": "00:02:53", "text": "right? Because we could have said, hey,"}, {"start": "00:02:53", "end": "00:02:55", "text": "the bottom's in right here and it"}, {"start": "00:02:55", "end": "00:02:57", "text": "clearly wasn't, right? We pulled in and"}, {"start": "00:02:57", "end": "00:02:59", "text": "then we made one more swing low or back"}, {"start": "00:02:59", "end": "00:03:02", "text": "here the bottom was in. It's hard to"}, {"start": "00:03:02", "end": "00:03:06", "text": "tell in that regard, but check this out."}, {"start": "00:03:06", "end": "00:03:09", "text": "Let's visualize those oversold"}, {"start": "00:03:09", "end": "00:03:11", "text": "environments and even where we are right"}, {"start": "00:03:11", "end": "00:03:14", "text": "now oversold we go to the risk model for"}, {"start": "00:03:14", "end": "00:03:18", "text": "dog any risk score falls into the 19 the"}, {"start": "00:03:18", "end": "00:03:21", "text": "sub20 area it's time to pay attention so"}, {"start": "00:03:21", "end": "00:03:24", "text": "for dog in particular I want to point"}, {"start": "00:03:24", "end": "00:03:26", "text": "something to your attention if you look"}, {"start": "00:03:26", "end": "00:03:28", "text": "at the swing lows for dog we can even go"}, {"start": "00:03:28", "end": "00:03:30", "text": "back to this swing low back here May"}, {"start": "00:03:30", "end": "00:03:34", "text": "2024 the early days it's a 23 that was"}, {"start": "00:03:34", "end": "00:03:38", "text": "the bottom we go Here there's a 23 and"}, {"start": "00:03:38", "end": "00:03:41", "text": "there's a 20. That was the bottom. No"}, {"start": "00:03:41", "end": "00:03:42", "text": "matter how you want to call it the"}, {"start": "00:03:42", "end": "00:03:44", "text": "bottom, right here or right here, that"}, {"start": "00:03:44", "end": "00:03:48", "text": "area in the 20s was the bottom. Then you"}, {"start": "00:03:48", "end": "00:03:51", "text": "go back to the April tariff swing low."}, {"start": "00:03:51", "end": "00:03:54", "text": "That was an eight. That was the bottom."}, {"start": "00:03:54", "end": "00:03:56", "text": "So here we are. We're at historically"}, {"start": "00:03:56", "end": "00:03:58", "text": "this area where around 20 has been the"}, {"start": "00:03:58", "end": "00:04:00", "text": "bottom. We did have a capitulation to"}, {"start": "00:04:00", "end": "00:04:03", "text": "eight and right now we're at 19. The way"}, {"start": "00:04:03", "end": "00:04:07", "text": "that I read that is very simple. We"}, {"start": "00:04:07", "end": "00:04:09", "text": "could be maybe like right here, right?"}, {"start": "00:04:09", "end": "00:04:11", "text": "If you look at the capitulation and the"}, {"start": "00:04:11", "end": "00:04:14", "text": "the tariff capitulation was no joke. We"}, {"start": "00:04:14", "end": "00:04:16", "text": "are talking about the fear not across"}, {"start": "00:04:16", "end": "00:04:18", "text": "just crypto but stock market everything."}, {"start": "00:04:18", "end": "00:04:20", "text": "That was no joke. And dog right before"}, {"start": "00:04:20", "end": "00:04:22", "text": "it happened was at 19 where we are right"}, {"start": "00:04:22", "end": "00:04:24", "text": "now. But notice"}, {"start": "00:04:24", "end": "00:04:30", "text": "it went March 25th 19 to the bottom"}, {"start": "00:04:30", "end": "00:04:33", "text": "April 8th. That is like two weeks"}, {"start": "00:04:33", "end": "00:04:37", "text": "basically. So within two weeks the"}, {"start": "00:04:37", "end": "00:04:39", "text": "bottom was in in a crazy high fear"}, {"start": "00:04:39", "end": "00:04:41", "text": "environment like that. I'm not even sure"}, {"start": "00:04:41", "end": "00:04:44", "text": "we'll get a capitulation like that if we"}, {"start": "00:04:44", "end": "00:04:46", "text": "do see a continuation on the altcoin"}, {"start": "00:04:46", "end": "00:04:48", "text": "charts. Crypto has a case to keep going."}, {"start": "00:04:48", "end": "00:04:50", "text": "We have Ethereum targets. They've, you"}, {"start": "00:04:50", "end": "00:04:52", "text": "know, been in play. If you just look at"}, {"start": "00:04:52", "end": "00:04:55", "text": "this massive triangle back to this trend"}, {"start": "00:04:55", "end": "00:04:57", "text": "line, mid 3000s is still in play for"}, {"start": "00:04:57", "end": "00:05:00", "text": "Ethereum if it happens. and cryptos need"}, {"start": "00:05:00", "end": "00:05:02", "text": "to hit that local bottom in the next"}, {"start": "00:05:02", "end": "00:05:04", "text": "couple of weeks. We might see the dog"}, {"start": "00:05:04", "end": "00:05:06", "text": "risk model start falling from 19 even"}, {"start": "00:05:06", "end": "00:05:10", "text": "more. Whether or not it hits an an eight"}, {"start": "00:05:10", "end": "00:05:13", "text": "or not, that's up for debate. But I"}, {"start": "00:05:13", "end": "00:05:16", "text": "think within a couple of weeks, if you"}, {"start": "00:05:16", "end": "00:05:18", "text": "go to a weekly chart, you go to a daily"}, {"start": "00:05:18", "end": "00:05:20", "text": "chart, I think within a couple of weeks,"}, {"start": "00:05:20", "end": "00:05:22", "text": "the dog bottom will be in. And right"}, {"start": "00:05:22", "end": "00:05:24", "text": "now, we're at the end of September. So,"}, {"start": "00:05:24", "end": "00:05:26", "text": "we can talk about like right around"}, {"start": "00:05:26", "end": "00:05:28", "text": "here. This is like mid October right"}, {"start": "00:05:28", "end": "00:05:31", "text": "here. So what does that look like? Does"}, {"start": "00:05:31", "end": "00:05:33", "text": "it look like a little bit more down?"}, {"start": "00:05:33", "end": "00:05:35", "text": "Does it look like total capitulation"}, {"start": "00:05:35", "end": "00:05:38", "text": "down? Does it look like just sideways? I"}, {"start": "00:05:38", "end": "00:05:40", "text": "do not know. But I will be watching the"}, {"start": "00:05:40", "end": "00:05:41", "text": "momentum oscillator and I'll be watching"}, {"start": "00:05:41", "end": "00:05:44", "text": "our risk model because our risk model,"}, {"start": "00:05:44", "end": "00:05:46", "text": "I'm incredibly interested in it for"}, {"start": "00:05:46", "end": "00:05:48", "text": "where we are in the cycle to know when"}, {"start": "00:05:48", "end": "00:05:51", "text": "to take profits. meaning dog starts"}, {"start": "00:05:51", "end": "00:05:55", "text": "getting into the 60s,7s, 80s, 90s or"}, {"start": "00:05:55", "end": "00:05:58", "text": "even 100 in a bull market. But right now"}, {"start": "00:05:58", "end": "00:06:01", "text": "it's very clear we are in this range"}, {"start": "00:06:01", "end": "00:06:03", "text": "especially for something like dog where"}, {"start": "00:06:03", "end": "00:06:05", "text": "we could be using these risk models as"}, {"start": "00:06:05", "end": "00:06:08", "text": "accumulation. So I have been kind of"}, {"start": "00:06:08", "end": "00:06:10", "text": "buying little a little dog every week"}, {"start": "00:06:10", "end": "00:06:12", "text": "just kind of continuing to dollarc cost"}, {"start": "00:06:12", "end": "00:06:15", "text": "average in but if we get a capitulation"}, {"start": "00:06:15", "end": "00:06:17", "text": "I might up that a little bit because our"}, {"start": "00:06:17", "end": "00:06:20", "text": "risk model in terms of dog and even just"}, {"start": "00:06:20", "end": "00:06:21", "text": "the general timing of the market right"}, {"start": "00:06:21", "end": "00:06:24", "text": "now is looking really solid everybody"}, {"start": "00:06:24", "end": "00:06:26", "text": "the business cycle just how suppressed"}, {"start": "00:06:26", "end": "00:06:30", "text": "crypto has been anyway Q4 2025 is"}, {"start": "00:06:30", "end": "00:06:32", "text": "looking very bullish from a legislation"}, {"start": "00:06:32", "end": "00:06:34", "text": "standpoint everything things are lining"}, {"start": "00:06:34", "end": "00:06:36", "text": "up very well if dog sees another leg"}, {"start": "00:06:36", "end": "00:06:40", "text": "down. Call me crazy, but that looks like"}, {"start": "00:06:40", "end": "00:06:44", "text": "an amazing opportunity to buy more dog."}, {"start": "00:06:44", "end": "00:06:46", "text": "And I just want to say this. I'm not"}, {"start": "00:06:46", "end": "00:06:48", "text": "sitting here saying, \"Hey, go do it.\""}, {"start": "00:06:48", "end": "00:06:50", "text": "But I'm tracking my journey. And yeah,"}, {"start": "00:06:50", "end": "00:06:53", "text": "I've been buying little little by little"}, {"start": "00:06:53", "end": "00:06:57", "text": "every week basically lately. If it goes"}, {"start": "00:06:57", "end": "00:06:58", "text": "further down into capitulation, I'll"}, {"start": "00:06:58", "end": "00:07:00", "text": "probably go heavier. Now, with that"}, {"start": "00:07:00", "end": "00:07:03", "text": "being said, let's talk about a bull"}, {"start": "00:07:03", "end": "00:07:05", "text": "move. What's crazy is the lower dog"}, {"start": "00:07:05", "end": "00:07:08", "text": "goes, the more upside it has from right"}, {"start": "00:07:08", "end": "00:07:10", "text": "now to a very simple and I really mean"}, {"start": "00:07:10", "end": "00:07:13", "text": "it simple billion dollar market cap."}, {"start": "00:07:13", "end": "00:07:18", "text": "That's a 433% gain. But I think the"}, {"start": "00:07:18", "end": "00:07:20", "text": "upside potential for dog, it is"}, {"start": "00:07:20", "end": "00:07:22", "text": "absolutely"}, {"start": "00:07:22", "end": "00:07:25", "text": "like 10 billion market cap. It's 20"}, {"start": "00:07:25", "end": "00:07:28", "text": "billion market cap. If we get an awesome"}, {"start": "00:07:28", "end": "00:07:31", "text": "Q4 into bullish 2026,"}, {"start": "00:07:31", "end": "00:07:33", "text": "50 billion plus is in play. The gains"}, {"start": "00:07:33", "end": "00:07:34", "text": "there are just too mind-boggling for me"}, {"start": "00:07:34", "end": "00:07:36", "text": "to cover in this video. But I want to"}, {"start": "00:07:36", "end": "00:07:39", "text": "present to you the very simple case that"}, {"start": "00:07:39", "end": "00:07:41", "text": "dog even just goes to 4 billion. Right"}, {"start": "00:07:41", "end": "00:07:44", "text": "from where we are now, that's a two"}, {"start": "00:07:44", "end": "00:07:46", "text": "2100%"}, {"start": "00:07:46", "end": "00:07:49", "text": "gain. And I just want to say for"}, {"start": "00:07:49", "end": "00:07:50", "text": "somebody that's just been just hanging"}, {"start": "00:07:50", "end": "00:07:52", "text": "in there through the crypto cycle this"}, {"start": "00:07:52", "end": "00:07:56", "text": "cycle, I I'm all for it. accumulating a"}, {"start": "00:07:56", "end": "00:07:59", "text": "chart like this for a year and a half if"}, {"start": "00:07:59", "end": "00:08:02", "text": "it eventually goes to 2100% gains."}, {"start": "00:08:02", "end": "00:08:04", "text": "Everybody, that's that's how you play"}, {"start": "00:08:04", "end": "00:08:07", "text": "crypto cycles if that played out like"}, {"start": "00:08:07", "end": "00:08:09", "text": "that. And that's a just a $4 billion"}, {"start": "00:08:09", "end": "00:08:11", "text": "market cap. So, I wanted to share this"}, {"start": "00:08:11", "end": "00:08:14", "text": "with you because I want to I I really"}, {"start": "00:08:14", "end": "00:08:16", "text": "want to put it out there when things are"}, {"start": "00:08:16", "end": "00:08:18", "text": "looking terrible. I don't want to just"}, {"start": "00:08:18", "end": "00:08:20", "text": "get all hype and start talking about dog"}, {"start": "00:08:20", "end": "00:08:21", "text": "charts when we finally do start making"}, {"start": "00:08:21", "end": "00:08:24", "text": "the move. I want to do it now because I"}, {"start": "00:08:24", "end": "00:08:26", "text": "think number one, that's what content"}, {"start": "00:08:26", "end": "00:08:27", "text": "creation is about is about really"}, {"start": "00:08:27", "end": "00:08:29", "text": "tracking the journey, the ups and downs."}, {"start": "00:08:29", "end": "00:08:31", "text": "But that's what that's what analysis is"}, {"start": "00:08:31", "end": "00:08:33", "text": "about. This is exactly what value"}, {"start": "00:08:33", "end": "00:08:36", "text": "investing is about is buying when it's"}, {"start": "00:08:36", "end": "00:08:39", "text": "incredibly undervalued when you see the"}, {"start": "00:08:39", "end": "00:08:41", "text": "fundamental play that is right there in"}, {"start": "00:08:41", "end": "00:08:42", "text": "front of our face. So, I wanted to share"}, {"start": "00:08:42", "end": "00:08:44", "text": "that with you. Let me know your thoughts"}, {"start": "00:08:44", "end": "00:08:45", "text": "in the comments. Get into our risk"}, {"start": "00:08:45", "end": "00:08:48", "text": "models if you want. We have some awesome"}, {"start": "00:08:48", "end": "00:08:49", "text": "risk models, dog being one of them. They"}, {"start": "00:08:49", "end": "00:08:52", "text": "will allow for planning accumulation as"}, {"start": "00:08:52", "end": "00:08:54", "text": "well as taking profits in the exit"}, {"start": "00:08:54", "end": "00:08:56", "text": "planners. So, appreciate you watching."}, {"start": "00:08:56", "end": "00:08:58", "text": "I'll see you in the next video. God"}, {"start": "00:08:58", "end": "00:09:00", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "News breaking out of the SEC today. I"}, {"start": "00:00:02", "end": "00:00:04", "text": "had to go ask Rock, is it bullish? The"}, {"start": "00:00:04", "end": "00:00:06", "text": "answer is yes. I'm going to explain why."}, {"start": "00:00:06", "end": "00:00:10", "text": "The co-CEO of Kraken saying crypto is"}, {"start": "00:00:10", "end": "00:00:11", "text": "about to rally. I want to explain what"}, {"start": "00:00:11", "end": "00:00:13", "text": "he's talking about right there. I want"}, {"start": "00:00:13", "end": "00:00:15", "text": "to look at altcoin momentum on the"}, {"start": "00:00:15", "end": "00:00:17", "text": "weekly chart. I want to look at Ethereum"}, {"start": "00:00:17", "end": "00:00:18", "text": "on the monthly and the daily because"}, {"start": "00:00:18", "end": "00:00:20", "text": "we're having a nice little move on"}, {"start": "00:00:20", "end": "00:00:22", "text": "altcoins. We might have a nice road map"}, {"start": "00:00:22", "end": "00:00:25", "text": "for the Ethereum charts that just kind"}, {"start": "00:00:25", "end": "00:00:26", "text": "of sets up what might be in store in the"}, {"start": "00:00:26", "end": "00:00:29", "text": "short term for altcoins. So, hit the"}, {"start": "00:00:29", "end": "00:00:30", "text": "subscribe and like on the way in. If"}, {"start": "00:00:30", "end": "00:00:31", "text": "you're not in our intelligence system,"}, {"start": "00:00:31", "end": "00:00:33", "text": "please go check us out in the link"}, {"start": "00:00:33", "end": "00:00:34", "text": "below. We have the free trial still"}, {"start": "00:00:34", "end": "00:00:37", "text": "going on right now. This is a dog risk"}, {"start": "00:00:37", "end": "00:00:40", "text": "score, a very low 19. So, let's jump"}, {"start": "00:00:40", "end": "00:00:44", "text": "into the video. What is this? SEC did"}, {"start": "00:00:44", "end": "00:00:47", "text": "something and I simply said, why would"}, {"start": "00:00:47", "end": "00:00:50", "text": "the SEC ask this? Is it bullish? Because"}, {"start": "00:00:50", "end": "00:00:52", "text": "I'm not going to pretend like I knew"}, {"start": "00:00:52", "end": "00:00:54", "text": "right off the bat, but here it is. The"}, {"start": "00:00:54", "end": "00:00:56", "text": "SEC has asked issuers of Litecoin, XRP,"}, {"start": "00:00:56", "end": "00:00:58", "text": "Salana, ADA, and Doge ETFs to withdraw"}, {"start": "00:00:58", "end": "00:01:01", "text": "their 19B4 filings following the"}, {"start": "00:01:01", "end": "00:01:03", "text": "approval of the generic listing"}, {"start": "00:01:03", "end": "00:01:05", "text": "standards, which replaced the need for"}, {"start": "00:01:05", "end": "00:01:08", "text": "those filings. So, it reads bullish, but"}, {"start": "00:01:08", "end": "00:01:09", "text": "I didn't want to pretend like I knew"}, {"start": "00:01:09", "end": "00:01:11", "text": "exactly what was going on here, but"}, {"start": "00:01:11", "end": "00:01:14", "text": "Eleanor says, \"Am told withdrawals could"}, {"start": "00:01:14", "end": "00:01:16", "text": "start happening as soon as this week.\""}, {"start": "00:01:16", "end": "00:01:17", "text": "And here's the explanation. I'm not"}, {"start": "00:01:17", "end": "00:01:19", "text": "going to read the whole thing, but it"}, {"start": "00:01:19", "end": "00:01:21", "text": "puts it very simply. Yes, this is"}, {"start": "00:01:21", "end": "00:01:22", "text": "generally considered bullish for these"}, {"start": "00:01:22", "end": "00:01:24", "text": "assets in the broader crypto ETF space"}, {"start": "00:01:24", "end": "00:01:27", "text": "by dropping all prior delay notices and"}, {"start": "00:01:27", "end": "00:01:29", "text": "moving to generic standards. The SEC has"}, {"start": "00:01:29", "end": "00:01:31", "text": "cleared the path for final decisions on"}, {"start": "00:01:31", "end": "00:01:35", "text": "at least 16 such ETFs in early to late"}, {"start": "00:01:35", "end": "00:01:38", "text": "October 2025, potentially leading to"}, {"start": "00:01:38", "end": "00:01:41", "text": "launches soon after. So, this is what"}, {"start": "00:01:41", "end": "00:01:43", "text": "this is all about. And this is really"}, {"start": "00:01:43", "end": "00:01:47", "text": "like these ETFs being kind of expedited,"}, {"start": "00:01:47", "end": "00:01:51", "text": "getting rid of this this 19B4 filing"}, {"start": "00:01:51", "end": "00:01:53", "text": "process that was all that was in play."}, {"start": "00:01:53", "end": "00:01:54", "text": "And now that we have these generic"}, {"start": "00:01:54", "end": "00:01:56", "text": "listing standards, you can see how"}, {"start": "00:01:56", "end": "00:02:00", "text": "October is lining up very nicely for"}, {"start": "00:02:00", "end": "00:02:03", "text": "altcoin ETFs. It's crazy because we've"}, {"start": "00:02:03", "end": "00:02:05", "text": "just been talking non-stop about all of"}, {"start": "00:02:05", "end": "00:02:08", "text": "the bullish, you know, all the bullish"}, {"start": "00:02:08", "end": "00:02:10", "text": "headlines. It could be pro- crypto"}, {"start": "00:02:10", "end": "00:02:13", "text": "legislation, the Genius Act that got"}, {"start": "00:02:13", "end": "00:02:15", "text": "passed, the market structure bill that's"}, {"start": "00:02:15", "end": "00:02:17", "text": "going to get passed. We have the"}, {"start": "00:02:17", "end": "00:02:20", "text": "business cycle that is so in play that"}, {"start": "00:02:20", "end": "00:02:21", "text": "it's turning bullish for risk on assets"}, {"start": "00:02:21", "end": "00:02:24", "text": "like crypto. And we have this, this is"}, {"start": "00:02:24", "end": "00:02:26", "text": "the altcoin ETF story, the altcoin ETF"}, {"start": "00:02:26", "end": "00:02:28", "text": "headline, everybody. This is so bullish"}, {"start": "00:02:28", "end": "00:02:30", "text": "right now. And then we get just"}, {"start": "00:02:30", "end": "00:02:32", "text": "different perspectives. This is the"}, {"start": "00:02:32", "end": "00:02:35", "text": "co-CEO of Kraken, Arjun Sethi. All of"}, {"start": "00:02:35", "end": "00:02:36", "text": "crypto is about to rally. And the reason"}, {"start": "00:02:36", "end": "00:02:39", "text": "isn't what most people think. Despite"}, {"start": "00:02:39", "end": "00:02:41", "text": "the volatility, crypto investment flows"}, {"start": "00:02:41", "end": "00:02:45", "text": "from private investors are still at 2022"}, {"start": "00:02:45", "end": "00:02:49", "text": "levels. Still at 2022 levels. In crypto"}, {"start": "00:02:49", "end": "00:02:52", "text": "today, we have stable coin velocity"}, {"start": "00:02:52", "end": "00:02:53", "text": "breaking records. Tokenization"}, {"start": "00:02:53", "end": "00:02:56", "text": "experiments scaling from pilots to real"}, {"start": "00:02:56", "end": "00:02:59", "text": "markets. Custody compliance and"}, {"start": "00:02:59", "end": "00:03:01", "text": "institutional adoption moving faster"}, {"start": "00:03:01", "end": "00:03:03", "text": "than most expected. Volumes and newer"}, {"start": "00:03:03", "end": "00:03:05", "text": "and new user entry points growing again."}, {"start": "00:03:05", "end": "00:03:07", "text": "And there's that institutional adoption."}, {"start": "00:03:07", "end": "00:03:10", "text": "All coin ETFs are we're about to get a"}, {"start": "00:03:10", "end": "00:03:12", "text": "cascade of approvals. Put simply, we're"}, {"start": "00:03:12", "end": "00:03:14", "text": "sitting at 2022 levels of private"}, {"start": "00:03:14", "end": "00:03:18", "text": "investment supporting 2025 levels of"}, {"start": "00:03:18", "end": "00:03:20", "text": "adoption. History shows that when an"}, {"start": "00:03:20", "end": "00:03:22", "text": "ecosystem holds its floor through"}, {"start": "00:03:22", "end": "00:03:25", "text": "downturns, the snapback is violent. We"}, {"start": "00:03:25", "end": "00:03:29", "text": "saw this in SAS post 2016 and AI after"}, {"start": "00:03:29", "end": "00:03:32", "text": "2020. Crypto is setting up the same way"}, {"start": "00:03:32", "end": "00:03:37", "text": "now will rally. So, I just want to say"}, {"start": "00:03:37", "end": "00:03:42", "text": "the co-CEO of Kraken, Arjun, I agree"}, {"start": "00:03:42", "end": "00:03:44", "text": "with his sentiment and what he's saying"}, {"start": "00:03:44", "end": "00:03:46", "text": "out what he's saying right here because"}, {"start": "00:03:46", "end": "00:03:47", "text": "if you go look at the altcoin market"}, {"start": "00:03:47", "end": "00:03:50", "text": "cap, it really it it's a visualization"}, {"start": "00:03:50", "end": "00:03:52", "text": "of what he's saying. It's like we have"}, {"start": "00:03:52", "end": "00:03:55", "text": "this compression and I've been saying"}, {"start": "00:03:55", "end": "00:03:57", "text": "compression suppression of the crypto"}, {"start": "00:03:57", "end": "00:04:00", "text": "markets with incredible adoption"}, {"start": "00:04:00", "end": "00:04:03", "text": "happening right now. And so that"}, {"start": "00:04:03", "end": "00:04:06", "text": "coiling, that compression can only last"}, {"start": "00:04:06", "end": "00:04:09", "text": "so long is what he's saying really. And"}, {"start": "00:04:09", "end": "00:04:11", "text": "right now we are at this area of"}, {"start": "00:04:11", "end": "00:04:14", "text": "breakout area. We've talked about the"}, {"start": "00:04:14", "end": "00:04:15", "text": "potential for downside. I don't want to"}, {"start": "00:04:15", "end": "00:04:17", "text": "repeat myself because it really is."}, {"start": "00:04:17", "end": "00:04:19", "text": "We're just I mean I repeat myself"}, {"start": "00:04:19", "end": "00:04:21", "text": "because look at this. This is a weekly"}, {"start": "00:04:21", "end": "00:04:23", "text": "chart going back to July. Look at this"}, {"start": "00:04:23", "end": "00:04:25", "text": "compression right here on the weekly"}, {"start": "00:04:25", "end": "00:04:30", "text": "alone at this lower high area. So,"}, {"start": "00:04:30", "end": "00:04:32", "text": "as opposed to repeating myself, what I"}, {"start": "00:04:32", "end": "00:04:33", "text": "do want to do is I just really briefly"}, {"start": "00:04:33", "end": "00:04:35", "text": "want to draw your attention to a"}, {"start": "00:04:35", "end": "00:04:39", "text": "momentum piece of data. And that is"}, {"start": "00:04:39", "end": "00:04:41", "text": "another way to visualize this"}, {"start": "00:04:41", "end": "00:04:43", "text": "compression that is happening"}, {"start": "00:04:43", "end": "00:04:45", "text": "and why it's even more bullish, I think,"}, {"start": "00:04:45", "end": "00:04:48", "text": "than last cycle setup as we were testing"}, {"start": "00:04:48", "end": "00:04:50", "text": "all-time highs then. Because you can see"}, {"start": "00:04:50", "end": "00:04:52", "text": "we're testing all-time highs right here"}, {"start": "00:04:52", "end": "00:04:55", "text": "last cycle in February 2021. the"}, {"start": "00:04:55", "end": "00:04:57", "text": "momentum oscillator on this on this RSI,"}, {"start": "00:04:57", "end": "00:04:59", "text": "the slower moving momentum oscillator"}, {"start": "00:04:59", "end": "00:05:01", "text": "was basically topping out at that"}, {"start": "00:05:01", "end": "00:05:03", "text": "moment. We were in a series of higher"}, {"start": "00:05:03", "end": "00:05:05", "text": "highs and higher lows, you know, to to"}, {"start": "00:05:05", "end": "00:05:09", "text": "that area. Right now, this cycle has"}, {"start": "00:05:09", "end": "00:05:12", "text": "been so compressed that we are at lower"}, {"start": "00:05:12", "end": "00:05:16", "text": "high areas. We have so much upside, it's"}, {"start": "00:05:16", "end": "00:05:19", "text": "insane for the altcoin market cap charts"}, {"start": "00:05:19", "end": "00:05:21", "text": "and just crypto markets in general. So,"}, {"start": "00:05:21", "end": "00:05:24", "text": "if we get this move through this trend"}, {"start": "00:05:24", "end": "00:05:25", "text": "line eventually and we start making a"}, {"start": "00:05:25", "end": "00:05:28", "text": "momentum move into overbought territory,"}, {"start": "00:05:28", "end": "00:05:31", "text": "you can see how right now considering"}, {"start": "00:05:31", "end": "00:05:33", "text": "we're at all-time high areas, we are in"}, {"start": "00:05:33", "end": "00:05:36", "text": "even a more powerful play than we were"}, {"start": "00:05:36", "end": "00:05:39", "text": "last time testing all-time high areas at"}, {"start": "00:05:39", "end": "00:05:42", "text": "all-time high uh RSI areas, right?"}, {"start": "00:05:42", "end": "00:05:45", "text": "Overbought areas. So, the move has not"}, {"start": "00:05:45", "end": "00:05:47", "text": "happened yet and this is what we're"}, {"start": "00:05:47", "end": "00:05:49", "text": "preparing for. So, I want to look at"}, {"start": "00:05:49", "end": "00:05:51", "text": "Ethereum analysis. And what I want to do"}, {"start": "00:05:51", "end": "00:05:54", "text": "is I want to kind of go to iTrust real"}, {"start": "00:05:54", "end": "00:05:55", "text": "quick to just speak to something. This"}, {"start": "00:05:55", "end": "00:05:58", "text": "is important if you're a macro investor."}, {"start": "00:05:58", "end": "00:06:00", "text": "Uh, shout out to iTrust Capital for"}, {"start": "00:06:00", "end": "00:06:02", "text": "sponsoring this video today, but they"}, {"start": "00:06:02", "end": "00:06:04", "text": "recently, I don't know if you saw this,"}, {"start": "00:06:04", "end": "00:06:07", "text": "their their staking is live. So,"}, {"start": "00:06:07", "end": "00:06:09", "text": "Ethereum staking is live. You can earn"}, {"start": "00:06:09", "end": "00:06:11", "text": "rewards on your crypto within your"}, {"start": "00:06:11", "end": "00:06:14", "text": "crypto IRA. We already talked about the"}, {"start": "00:06:14", "end": "00:06:16", "text": "crypto IRA, buying and selling crypto,"}, {"start": "00:06:16", "end": "00:06:18", "text": "making trades on the macro within your"}, {"start": "00:06:18", "end": "00:06:21", "text": "IRA tax-free, all the benefits there,"}, {"start": "00:06:21", "end": "00:06:24", "text": "but now they have staking rewards. And"}, {"start": "00:06:24", "end": "00:06:26", "text": "this is a a lot due to all the pro"}, {"start": "00:06:26", "end": "00:06:28", "text": "crypto legislation that we're getting."}, {"start": "00:06:28", "end": "00:06:30", "text": "They are allowing now for innovative"}, {"start": "00:06:30", "end": "00:06:33", "text": "products to expand and grow in US"}, {"start": "00:06:33", "end": "00:06:36", "text": "markets. ITR Capital is an insane"}, {"start": "00:06:36", "end": "00:06:38", "text": "example of that. So stake your Ethereum"}, {"start": "00:06:38", "end": "00:06:42", "text": "and Salana right now in your crypto IRA."}, {"start": "00:06:42", "end": "00:06:44", "text": "Fund your ITR capital account with"}, {"start": "00:06:44", "end": "00:06:46", "text": "eligible staking asset to autoearn"}, {"start": "00:06:46", "end": "00:06:49", "text": "rewards and your earnings automatically"}, {"start": "00:06:49", "end": "00:06:51", "text": "acrue and will be returned to you upon"}, {"start": "00:06:51", "end": "00:06:52", "text": "unstaking."}, {"start": "00:06:52", "end": "00:06:56", "text": "So another added benefit if you're a"}, {"start": "00:06:56", "end": "00:06:58", "text": "macro investor, another good reason to"}, {"start": "00:06:58", "end": "00:07:00", "text": "go set up your account with iTrust"}, {"start": "00:07:00", "end": "00:07:03", "text": "Capital. And I don't know for sure, but"}, {"start": "00:07:03", "end": "00:07:05", "text": "I imagine that these are the two first"}, {"start": "00:07:05", "end": "00:07:08", "text": "cryptos. I could see Cardano being on"}, {"start": "00:07:08", "end": "00:07:10", "text": "here very easily and maybe that's"}, {"start": "00:07:10", "end": "00:07:11", "text": "something that will be on their road map"}, {"start": "00:07:11", "end": "00:07:14", "text": "soon, too. But everybody go set up an"}, {"start": "00:07:14", "end": "00:07:15", "text": "account if you don't have one. If you're"}, {"start": "00:07:15", "end": "00:07:17", "text": "a macro investor, a lot of good reasons"}, {"start": "00:07:17", "end": "00:07:18", "text": "to do that, and their their website"}, {"start": "00:07:18", "end": "00:07:20", "text": "explains a lot. Hit the link below to do"}, {"start": "00:07:20", "end": "00:07:22", "text": "that. So, going over to Ethereum"}, {"start": "00:07:22", "end": "00:07:24", "text": "analysis. This is what we're looking at."}, {"start": "00:07:24", "end": "00:07:26", "text": "It's the monthly chart and then I'm"}, {"start": "00:07:26", "end": "00:07:27", "text": "going to go into the daily to kind of"}, {"start": "00:07:27", "end": "00:07:29", "text": "get a sense of, you know, where to be"}, {"start": "00:07:29", "end": "00:07:31", "text": "careful in this current move that's"}, {"start": "00:07:31", "end": "00:07:33", "text": "happening because there's definitely"}, {"start": "00:07:33", "end": "00:07:35", "text": "reason to be careful. But what I wanted"}, {"start": "00:07:35", "end": "00:07:36", "text": "to point out to you on the monthly is"}, {"start": "00:07:36", "end": "00:07:39", "text": "this. This plays a little bit into our"}, {"start": "00:07:39", "end": "00:07:40", "text": "analysis that we just looked at on the"}, {"start": "00:07:40", "end": "00:07:43", "text": "altcoin market caps. But look at this"}, {"start": "00:07:43", "end": "00:07:47", "text": "insane again compression on the Ethereum"}, {"start": "00:07:47", "end": "00:07:49", "text": "chart on the weekly or on the monthly."}, {"start": "00:07:49", "end": "00:07:51", "text": "This has been obvious in terms of the"}, {"start": "00:07:51", "end": "00:07:53", "text": "analysis that we've had. You know, we"}, {"start": "00:07:53", "end": "00:07:54", "text": "went into this massive April"}, {"start": "00:07:54", "end": "00:07:56", "text": "capitulation. We're in the middle of"}, {"start": "00:07:56", "end": "00:07:58", "text": "this busted pattern playing out with a"}, {"start": "00:07:58", "end": "00:08:00", "text": "bull market in store. But what I wanted"}, {"start": "00:08:00", "end": "00:08:02", "text": "to show you, similar to the momentum on"}, {"start": "00:08:02", "end": "00:08:04", "text": "all coin charts, is what Ethereum is"}, {"start": "00:08:04", "end": "00:08:06", "text": "doing. Check out the stock RSI. We don't"}, {"start": "00:08:06", "end": "00:08:08", "text": "use it all the time, but it's a quicker"}, {"start": "00:08:08", "end": "00:08:10", "text": "moving momentum oscillator just now kind"}, {"start": "00:08:10", "end": "00:08:12", "text": "of entering overbought territory. It's"}, {"start": "00:08:12", "end": "00:08:14", "text": "very similar to the move of momentum"}, {"start": "00:08:14", "end": "00:08:17", "text": "Ethereum had back here in June 2020."}, {"start": "00:08:17", "end": "00:08:22", "text": "What's notable for this is this was the"}, {"start": "00:08:22", "end": "00:08:24", "text": "very beginning of Ethereum's bull market"}, {"start": "00:08:24", "end": "00:08:27", "text": "move. And so we have a similar thing"}, {"start": "00:08:27", "end": "00:08:29", "text": "playing out right now. The very"}, {"start": "00:08:29", "end": "00:08:31", "text": "beginning of a power move. You might be"}, {"start": "00:08:31", "end": "00:08:33", "text": "like, well, it's overbought. That's"}, {"start": "00:08:33", "end": "00:08:36", "text": "that's, you know, concerning. This is a"}, {"start": "00:08:36", "end": "00:08:37", "text": "this is a quicker moving momentum"}, {"start": "00:08:37", "end": "00:08:40", "text": "oscillator. It gets there quick, but"}, {"start": "00:08:40", "end": "00:08:42", "text": "just look at how it can just hang there"}, {"start": "00:08:42", "end": "00:08:45", "text": "for a while, right? And not only that,"}, {"start": "00:08:45", "end": "00:08:47", "text": "we could start falling and it's kind of"}, {"start": "00:08:47", "end": "00:08:49", "text": "like a leading indicator when that"}, {"start": "00:08:49", "end": "00:08:51", "text": "starts happening. Long story short, this"}, {"start": "00:08:51", "end": "00:08:54", "text": "move can be extended for a while before"}, {"start": "00:08:54", "end": "00:08:56", "text": "it even gets to a bare market"}, {"start": "00:08:56", "end": "00:08:58", "text": "environment. So, this is the beginning"}, {"start": "00:08:58", "end": "00:09:00", "text": "of a move. This is a very nice leading"}, {"start": "00:09:00", "end": "00:09:02", "text": "indicator for Ethereum's move, but then"}, {"start": "00:09:02", "end": "00:09:03", "text": "you look at a slower moving momentum"}, {"start": "00:09:03", "end": "00:09:05", "text": "oscillator, right? When that when that"}, {"start": "00:09:05", "end": "00:09:07", "text": "is happening, here's the RSI. Now,"}, {"start": "00:09:07", "end": "00:09:08", "text": "that's really illustrating last cycle"}, {"start": "00:09:08", "end": "00:09:10", "text": "all the upside that's in play. And there"}, {"start": "00:09:10", "end": "00:09:11", "text": "it is, right? The bull market for"}, {"start": "00:09:11", "end": "00:09:13", "text": "Ethereum. Well, look at where we are"}, {"start": "00:09:13", "end": "00:09:16", "text": "right now. It's like almost identical."}, {"start": "00:09:16", "end": "00:09:17", "text": "Whether we have another month of"}, {"start": "00:09:17", "end": "00:09:19", "text": "consolidation, two months of"}, {"start": "00:09:19", "end": "00:09:21", "text": "consolidation, everybody, the Ethereum"}, {"start": "00:09:21", "end": "00:09:24", "text": "chart is just getting started. And this"}, {"start": "00:09:24", "end": "00:09:27", "text": "time around, we're not at, you know,"}, {"start": "00:09:27", "end": "00:09:30", "text": "this area back here, still a ways away"}, {"start": "00:09:30", "end": "00:09:32", "text": "from all-time high. We're hovering at"}, {"start": "00:09:32", "end": "00:09:35", "text": "all-time high area. And this has been"}, {"start": "00:09:35", "end": "00:09:37", "text": "the slowly the slow extended growth of"}, {"start": "00:09:37", "end": "00:09:39", "text": "the crypto cycle this this time around."}, {"start": "00:09:39", "end": "00:09:41", "text": "Illustrated very nicely on the Ethereum"}, {"start": "00:09:41", "end": "00:09:44", "text": "chart. If you go look at Ethereum right"}, {"start": "00:09:44", "end": "00:09:47", "text": "now on the daily, we've not hit the"}, {"start": "00:09:47", "end": "00:09:50", "text": "target to the downside. Not I mean, we"}, {"start": "00:09:50", "end": "00:09:52", "text": "we got kind of close, which is this"}, {"start": "00:09:52", "end": "00:09:56", "text": "general just 35 $3,600 area. You can"}, {"start": "00:09:56", "end": "00:09:59", "text": "just see we wicked down to like 3,800,"}, {"start": "00:09:59", "end": "00:10:02", "text": "but we've not hit it yet. And I just"}, {"start": "00:10:02", "end": "00:10:04", "text": "want to say maybe we don't hit it. But"}, {"start": "00:10:04", "end": "00:10:07", "text": "it is in play. So basically, we broke"}, {"start": "00:10:07", "end": "00:10:09", "text": "out of that triangle. Right now though,"}, {"start": "00:10:09", "end": "00:10:12", "text": "we have a very typical pullback to not"}, {"start": "00:10:12", "end": "00:10:15", "text": "only the apex, but what's also important"}, {"start": "00:10:15", "end": "00:10:18", "text": "is this 20day falling below the 50-day."}, {"start": "00:10:18", "end": "00:10:20", "text": "So that green below the blue, we're"}, {"start": "00:10:20", "end": "00:10:22", "text": "pulling back to that area. This is often"}, {"start": "00:10:22", "end": "00:10:24", "text": "the case whether we're, you know,"}, {"start": "00:10:24", "end": "00:10:27", "text": "pulling back to the downside like to"}, {"start": "00:10:27", "end": "00:10:30", "text": "test it for support or we're testing it"}, {"start": "00:10:30", "end": "00:10:32", "text": "for resistance. So, right now, what I"}, {"start": "00:10:32", "end": "00:10:34", "text": "would be watching for to confirm a"}, {"start": "00:10:34", "end": "00:10:36", "text": "really nice bullish reversal is a break"}, {"start": "00:10:36", "end": "00:10:39", "text": "above the moving averages. And that's"}, {"start": "00:10:39", "end": "00:10:42", "text": "just about 4,400 down to like 4,300. If"}, {"start": "00:10:42", "end": "00:10:45", "text": "Ethereum starts breaking above that area"}, {"start": "00:10:45", "end": "00:10:48", "text": "and closing daily candles above, that"}, {"start": "00:10:48", "end": "00:10:51", "text": "could be a very bullish sign. Now, if we"}, {"start": "00:10:51", "end": "00:10:54", "text": "get resistance, just be careful. Maybe"}, {"start": "00:10:54", "end": "00:10:56", "text": "the first couple weeks of October are"}, {"start": "00:10:56", "end": "00:10:58", "text": "just bearish and people are getting"}, {"start": "00:10:58", "end": "00:10:59", "text": "really bearish because we're putting in"}, {"start": "00:10:59", "end": "00:11:01", "text": "a lower low, but we're just hitting the"}, {"start": "00:11:01", "end": "00:11:04", "text": "target to the downside. We're just"}, {"start": "00:11:04", "end": "00:11:07", "text": "retesting the apex of this massive"}, {"start": "00:11:07", "end": "00:11:10", "text": "multi-year triangle on Ethereum. If this"}, {"start": "00:11:10", "end": "00:11:14", "text": "happens, pay attention to altcoins,"}, {"start": "00:11:14", "end": "00:11:16", "text": "whether it's Ethereum, whether it's"}, {"start": "00:11:16", "end": "00:11:18", "text": "other altcoins, whether it's really low"}, {"start": "00:11:18", "end": "00:11:20", "text": "cap value plays like Dog, which is one"}, {"start": "00:11:20", "end": "00:11:23", "text": "of my favorites. we could fall into this"}, {"start": "00:11:23", "end": "00:11:26", "text": "area of incredible opportunity, very"}, {"start": "00:11:26", "end": "00:11:29", "text": "lowrisk opportunity. So to give you a"}, {"start": "00:11:29", "end": "00:11:32", "text": "visualation visualization, dog right now"}, {"start": "00:11:32", "end": "00:11:34", "text": "is already low risk. It's a 19 in our"}, {"start": "00:11:34", "end": "00:11:36", "text": "risk model. And if you just look back in"}, {"start": "00:11:36", "end": "00:11:40", "text": "the April swing low, it fell to if I"}, {"start": "00:11:40", "end": "00:11:43", "text": "zoom in here, it fell to a 8. But"}, {"start": "00:11:43", "end": "00:11:45", "text": "previous swing lows, you can see it fell"}, {"start": "00:11:45", "end": "00:11:48", "text": "to a 21, a 20. That previous swing low"}, {"start": "00:11:48", "end": "00:11:51", "text": "back here, it fell to a 23. We are we"}, {"start": "00:11:51", "end": "00:11:54", "text": "are in that range right now. The dog"}, {"start": "00:11:54", "end": "00:11:57", "text": "bottom looks almost like it's in and if"}, {"start": "00:11:57", "end": "00:12:00", "text": "it's not it looks like with it'll be in"}, {"start": "00:12:00", "end": "00:12:01", "text": "within the next couple of weeks and the"}, {"start": "00:12:01", "end": "00:12:04", "text": "next couple of week window seems to be a"}, {"start": "00:12:04", "end": "00:12:06", "text": "massive opportunity for dog which has"}, {"start": "00:12:06", "end": "00:12:09", "text": "incredible upside."}, {"start": "00:12:09", "end": "00:12:10", "text": "I'm just going to do a quick analysis. I"}, {"start": "00:12:10", "end": "00:12:13", "text": "think a very realistic target is 4"}, {"start": "00:12:13", "end": "00:12:15", "text": "billion for dog. From where we sit right"}, {"start": "00:12:15", "end": "00:12:18", "text": "now, we're looking at almost 2,000%. But"}, {"start": "00:12:18", "end": "00:12:21", "text": "beyond that, the realistic targets for"}, {"start": "00:12:21", "end": "00:12:23", "text": "this memecoin value play that sits on"}, {"start": "00:12:23", "end": "00:12:26", "text": "Bitcoin, the most decentralized play,"}, {"start": "00:12:26", "end": "00:12:29", "text": "the upside is too bonkers at this level"}, {"start": "00:12:29", "end": "00:12:32", "text": "for me to even talk about."}, {"start": "00:12:32", "end": "00:12:34", "text": "I realistically think it can happen, but"}, {"start": "00:12:34", "end": "00:12:36", "text": "I probably won't really talk about it in"}, {"start": "00:12:36", "end": "00:12:38", "text": "videos until we're at a billion dollar"}, {"start": "00:12:38", "end": "00:12:40", "text": "market cap at least and people can start"}, {"start": "00:12:40", "end": "00:12:43", "text": "digesting that. But if you see what I"}, {"start": "00:12:43", "end": "00:12:45", "text": "see right now, then you already know"}, {"start": "00:12:45", "end": "00:12:47", "text": "what I'm talking about. So altcoin"}, {"start": "00:12:47", "end": "00:12:49", "text": "markets is my point. Whether it's dog or"}, {"start": "00:12:49", "end": "00:12:52", "text": "not, whether it's, you know, Cardano,"}, {"start": "00:12:52", "end": "00:12:55", "text": "Ethereum, Salana, if we go lower, right,"}, {"start": "00:12:55", "end": "00:12:57", "text": "after maybe hitting some resistance on"}, {"start": "00:12:57", "end": "00:12:59", "text": "the short term or even just start"}, {"start": "00:12:59", "end": "00:13:02", "text": "falling now, just watch the risk scores"}, {"start": "00:13:02", "end": "00:13:04", "text": "and watch the momentum oscillators. It"}, {"start": "00:13:04", "end": "00:13:08", "text": "could be a very strong area. Um, I'm not"}, {"start": "00:13:08", "end": "00:13:10", "text": "I'm not recommending it, but a very"}, {"start": "00:13:10", "end": "00:13:12", "text": "strong area if you want to accumulate"}, {"start": "00:13:12", "end": "00:13:14", "text": "crypto at a lower risk than kind of"}, {"start": "00:13:14", "end": "00:13:17", "text": "where we've been right now. So, those"}, {"start": "00:13:17", "end": "00:13:19", "text": "are my thoughts. The crypto bull market"}, {"start": "00:13:19", "end": "00:13:22", "text": "just starting as Arjun says, all of"}, {"start": "00:13:22", "end": "00:13:25", "text": "crypto is about to rally. I agree."}, {"start": "00:13:25", "end": "00:13:27", "text": "Whether it's this week or in a month, I"}, {"start": "00:13:27", "end": "00:13:29", "text": "do not know. But I'm tracking these"}, {"start": "00:13:29", "end": "00:13:31", "text": "markets with you. Appreciate you"}, {"start": "00:13:31", "end": "00:13:32", "text": "watching. If you're not a subscriber,"}, {"start": "00:13:32", "end": "00:13:34", "text": "please subscribe. Hit that like if you"}, {"start": "00:13:34", "end": "00:13:35", "text": "enjoyed the content. I'll see you in the"}, {"start": "00:13:35", "end": "00:13:38", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "selling 50% of your Cardano at $3. Could"}, {"start": "00:00:04", "end": "00:00:06", "text": "you imagine? I'm going to explain"}, {"start": "00:00:06", "end": "00:00:08", "text": "exactly why I'm talking about that in"}, {"start": "00:00:08", "end": "00:00:10", "text": "this video because there is still more"}, {"start": "00:00:10", "end": "00:00:12", "text": "room to the downside to a Cardano ADA"}, {"start": "00:00:12", "end": "00:00:14", "text": "target. I want to do some short-term"}, {"start": "00:00:14", "end": "00:00:16", "text": "analysis in the last part of this video."}, {"start": "00:00:16", "end": "00:00:18", "text": "But please keep in mind that most of"}, {"start": "00:00:18", "end": "00:00:20", "text": "this video will be zoomed out. It is"}, {"start": "00:00:20", "end": "00:00:23", "text": "macro bullish because I am bullish on"}, {"start": "00:00:23", "end": "00:00:25", "text": "Cardano and crypto right now. So either"}, {"start": "00:00:25", "end": "00:00:28", "text": "way, if you're bullish, and even if"}, {"start": "00:00:28", "end": "00:00:29", "text": "you're not, hit the subscribe and like"}, {"start": "00:00:29", "end": "00:00:30", "text": "on the way in. If you're not in our"}, {"start": "00:00:30", "end": "00:00:32", "text": "intelligence system with our risk"}, {"start": "00:00:32", "end": "00:00:35", "text": "models, including ADA, hit the link"}, {"start": "00:00:35", "end": "00:00:37", "text": "below, get set up with a free trial. I'm"}, {"start": "00:00:37", "end": "00:00:39", "text": "going to show you exactly how to use"}, {"start": "00:00:39", "end": "00:00:42", "text": "this system, at least one way, in this"}, {"start": "00:00:42", "end": "00:00:44", "text": "video, in terms of taking Cardano"}, {"start": "00:00:44", "end": "00:00:48", "text": "profits. So, let's start here. I'm not"}, {"start": "00:00:48", "end": "00:00:50", "text": "going to show the clip, but Eric Trump,"}, {"start": "00:00:50", "end": "00:00:53", "text": "Q4 will be unbelievable for crypto. take"}, {"start": "00:00:53", "end": "00:00:55", "text": "it for whatever for whatever you want to"}, {"start": "00:00:55", "end": "00:00:57", "text": "take it for. I know how I'm taking that."}, {"start": "00:00:57", "end": "00:00:59", "text": "I like his opinion. I agree with his"}, {"start": "00:00:59", "end": "00:01:02", "text": "opinion and I genuinely think Q4 is"}, {"start": "00:01:02", "end": "00:01:04", "text": "going to be very strong for crypto. I"}, {"start": "00:01:04", "end": "00:01:07", "text": "know it's very speculative, but I want"}, {"start": "00:01:07", "end": "00:01:09", "text": "to just kind of underline it with maybe"}, {"start": "00:01:09", "end": "00:01:13", "text": "some more firm data that is this"}, {"start": "00:01:13", "end": "00:01:15", "text": "trueflation is measuring inflation under"}, {"start": "00:01:15", "end": "00:01:18", "text": "2%. This is massive for really the"}, {"start": "00:01:18", "end": "00:01:20", "text": "fundamentals of a strong business cycle"}, {"start": "00:01:20", "end": "00:01:23", "text": "for risk on assets like Cardano. So this"}, {"start": "00:01:23", "end": "00:01:25", "text": "is less speculative. This is more"}, {"start": "00:01:25", "end": "00:01:27", "text": "datadriven. Real-time metrics are much"}, {"start": "00:01:27", "end": "00:01:28", "text": "more important than antiquated"}, {"start": "00:01:28", "end": "00:01:30", "text": "government calculations. So here's"}, {"start": "00:01:30", "end": "00:01:32", "text": "real-time metrics. This is good to see"}, {"start": "00:01:32", "end": "00:01:35", "text": "that we are under 2% right now again in"}, {"start": "00:01:35", "end": "00:01:37", "text": "terms of trueflation data because we"}, {"start": "00:01:37", "end": "00:01:40", "text": "want to see the continued interest rate"}, {"start": "00:01:40", "end": "00:01:42", "text": "uh interest rates you know interest rate"}, {"start": "00:01:42", "end": "00:01:45", "text": "cuts not only for the rest of this year"}, {"start": "00:01:45", "end": "00:01:48", "text": "but into 2026. This will be good for"}, {"start": "00:01:48", "end": "00:01:50", "text": "risk on assets like Cardano. These are"}, {"start": "00:01:50", "end": "00:01:52", "text": "two little things I wanted to start this"}, {"start": "00:01:52", "end": "00:01:54", "text": "video with because this is a very"}, {"start": "00:01:54", "end": "00:01:58", "text": "macro-minded video and this is very much"}, {"start": "00:01:58", "end": "00:02:01", "text": "discussing a continuation of higher"}, {"start": "00:02:01", "end": "00:02:03", "text": "highs and higher lows for crypto and in"}, {"start": "00:02:03", "end": "00:02:06", "text": "this case ADA. So here's what I want to"}, {"start": "00:02:06", "end": "00:02:07", "text": "do. I'm not going to read this entire"}, {"start": "00:02:07", "end": "00:02:10", "text": "thing but I received an email from a"}, {"start": "00:02:10", "end": "00:02:13", "text": "user a member of our intelligence system"}, {"start": "00:02:13", "end": "00:02:15", "text": "said I just wanted to follow up and say"}, {"start": "00:02:15", "end": "00:02:17", "text": "that zero AI updates are amazing. I've"}, {"start": "00:02:17", "end": "00:02:18", "text": "been able to do much more meaningful"}, {"start": "00:02:18", "end": "00:02:20", "text": "analysis because of them. Look what look"}, {"start": "00:02:20", "end": "00:02:23", "text": "what he did. I downloaded the entire"}, {"start": "00:02:23", "end": "00:02:25", "text": "price history of ADA and you can do this"}, {"start": "00:02:25", "end": "00:02:27", "text": "with all the assets in our system like a"}, {"start": "00:02:27", "end": "00:02:30", "text": "similar approach from coin market cap"}, {"start": "00:02:30", "end": "00:02:32", "text": "and fed it into chatpt to analyze the"}, {"start": "00:02:32", "end": "00:02:34", "text": "last bull run. It generated a detailed"}, {"start": "00:02:34", "end": "00:02:35", "text": "chart."}, {"start": "00:02:35", "end": "00:02:38", "text": "Then I asked zero AI to scan the risk"}, {"start": "00:02:38", "end": "00:02:40", "text": "model score for ADA during those same"}, {"start": "00:02:40", "end": "00:02:42", "text": "months and it noticed the score climbed"}, {"start": "00:02:42", "end": "00:02:46", "text": "above 80 in two in February 2021 and in"}, {"start": "00:02:46", "end": "00:02:47", "text": "several the following months but never"}, {"start": "00:02:47", "end": "00:02:50", "text": "before. So he's taking he's using chatpt"}, {"start": "00:02:50", "end": "00:02:52", "text": "leveraging it to collect very simple"}, {"start": "00:02:52", "end": "00:02:55", "text": "cycle data and then he's feeding it to"}, {"start": "00:02:55", "end": "00:02:57", "text": "zero. This is our autonomous AI which is"}, {"start": "00:02:57", "end": "00:02:59", "text": "trained on our risk models. Our risk"}, {"start": "00:02:59", "end": "00:03:01", "text": "models are proprietary. You cannot find"}, {"start": "00:03:01", "end": "00:03:03", "text": "them anywhere else. And this is"}, {"start": "00:03:03", "end": "00:03:06", "text": "enterprisegrade"}, {"start": "00:03:06", "end": "00:03:09", "text": "just models that you know this is"}, {"start": "00:03:09", "end": "00:03:11", "text": "something institutions would like to"}, {"start": "00:03:11", "end": "00:03:15", "text": "use. And I I really enjoy seeing just"}, {"start": "00:03:15", "end": "00:03:18", "text": "our users being able to leverage this"}, {"start": "00:03:18", "end": "00:03:21", "text": "system and get analysis and data that"}, {"start": "00:03:21", "end": "00:03:23", "text": "they just can't get anywhere else. And"}, {"start": "00:03:23", "end": "00:03:24", "text": "that's what it that's exactly what is"}, {"start": "00:03:24", "end": "00:03:27", "text": "happening here. So check this out. And"}, {"start": "00:03:27", "end": "00:03:28", "text": "I'm going to explain why I'm talking"}, {"start": "00:03:28", "end": "00:03:32", "text": "about selling 50% at $3. And Darius, who"}, {"start": "00:03:32", "end": "00:03:35", "text": "actually sent this message, might be"}, {"start": "00:03:35", "end": "00:03:36", "text": "curious to know why as well as I kind of"}, {"start": "00:03:36", "end": "00:03:40", "text": "dissect his plan here. But he's"}, {"start": "00:03:40", "end": "00:03:41", "text": "basically saying if this were the"}, {"start": "00:03:41", "end": "00:03:42", "text": "current bull run, I would have sold my"}, {"start": "00:03:42", "end": "00:03:45", "text": "ADA the first time it went over 80. So"}, {"start": "00:03:45", "end": "00:03:47", "text": "if you go look at ADA's last cycle, just"}, {"start": "00:03:47", "end": "00:03:48", "text": "to give you a sense of I think what he's"}, {"start": "00:03:48", "end": "00:03:51", "text": "saying, here's ADA breaking 80 risk"}, {"start": "00:03:51", "end": "00:03:53", "text": "right on the risk model. It's in"}, {"start": "00:03:53", "end": "00:03:57", "text": "February um 2021."}, {"start": "00:03:57", "end": "00:03:59", "text": "So if you go to our risk model itself,"}, {"start": "00:03:59", "end": "00:04:00", "text": "here's the move. Here's what it looks"}, {"start": "00:04:00", "end": "00:04:03", "text": "like. There it is hitting 80 February"}, {"start": "00:04:03", "end": "00:04:07", "text": "2021. Right? So what he's saying is if"}, {"start": "00:04:07", "end": "00:04:08", "text": "he was here last cycle, I think if he"}, {"start": "00:04:08", "end": "00:04:11", "text": "had all the data that he has now, this"}, {"start": "00:04:11", "end": "00:04:13", "text": "would have been a great time to sell."}, {"start": "00:04:13", "end": "00:04:14", "text": "And we're going to see how much he says"}, {"start": "00:04:14", "end": "00:04:17", "text": "he would he would sell. But he goes on"}, {"start": "00:04:17", "end": "00:04:19", "text": "that would have given me significant"}, {"start": "00:04:19", "end": "00:04:21", "text": "profits. Not the absolute maximum, but"}, {"start": "00:04:21", "end": "00:04:24", "text": "definitely enough for me. So I asked"}, {"start": "00:04:24", "end": "00:04:27", "text": "zero to scan the risk model during"}, {"start": "00:04:27", "end": "00:04:29", "text": "February 2021 for the price points of"}, {"start": "00:04:29", "end": "00:04:31", "text": "when it got over 80 for the first time"}, {"start": "00:04:31", "end": "00:04:33", "text": "in the bull run. And there it is. You"}, {"start": "00:04:33", "end": "00:04:36", "text": "can just see it's giving that data over"}, {"start": "00:04:36", "end": "00:04:38", "text": "80 for the first time. This will be"}, {"start": "00:04:38", "end": "00:04:40", "text": "invaluable in helping me form a strategy"}, {"start": "00:04:40", "end": "00:04:43", "text": "this bull run. Perhaps sell 50% the"}, {"start": "00:04:43", "end": "00:04:45", "text": "first time it gets over 80, then ride"}, {"start": "00:04:45", "end": "00:04:47", "text": "the pullbacks and sell more the next few"}, {"start": "00:04:47", "end": "00:04:49", "text": "times it gets over 80. Something I need"}, {"start": "00:04:49", "end": "00:04:51", "text": "to decide, but it's fun. So, I want to"}, {"start": "00:04:51", "end": "00:04:53", "text": "play into what he's saying here because"}, {"start": "00:04:53", "end": "00:04:56", "text": "I want and I I want to really speculate"}, {"start": "00:04:56", "end": "00:05:00", "text": "even in terms of when the risk score for"}, {"start": "00:05:00", "end": "00:05:04", "text": "80 uh for ADA might be above 80, right?"}, {"start": "00:05:04", "end": "00:05:06", "text": "So, let's go look at the chart here and"}, {"start": "00:05:06", "end": "00:05:08", "text": "let's start dissecting this and we're"}, {"start": "00:05:08", "end": "00:05:10", "text": "going to we're going to kind of use our"}, {"start": "00:05:10", "end": "00:05:13", "text": "exit planner to do this. So, first off,"}, {"start": "00:05:13", "end": "00:05:16", "text": "if if I were Darius, I'd go into our"}, {"start": "00:05:16", "end": "00:05:18", "text": "exit planner. I'd hit risk mode real"}, {"start": "00:05:18", "end": "00:05:21", "text": "quick and I would add the 80 target and"}, {"start": "00:05:21", "end": "00:05:24", "text": "say, you know what, 50%. Boom. Save and"}, {"start": "00:05:24", "end": "00:05:28", "text": "enable. And you can just put 80 80 risk"}, {"start": "00:05:28", "end": "00:05:30", "text": "or ADA 80 risk, whatever you want to"}, {"start": "00:05:30", "end": "00:05:32", "text": "name it. So, he's emailed and notified"}, {"start": "00:05:32", "end": "00:05:34", "text": "when it hits 80 risk. But then you go to"}, {"start": "00:05:34", "end": "00:05:36", "text": "price mode. We have 100,000 in the demo"}, {"start": "00:05:36", "end": "00:05:39", "text": "here. 25 average cost. I want to delete"}, {"start": "00:05:39", "end": "00:05:44", "text": "all these kind of predefined exits."}, {"start": "00:05:44", "end": "00:05:48", "text": "So, let's visualize what 50% a sell of"}, {"start": "00:05:48", "end": "00:05:51", "text": "50% could potentially look like at $3."}, {"start": "00:05:51", "end": "00:05:54", "text": "And why am I using $3? Let me show you."}, {"start": "00:05:54", "end": "00:05:55", "text": "This is completely based off of what"}, {"start": "00:05:55", "end": "00:06:00", "text": "Darius is saying. Notice two things."}, {"start": "00:06:00", "end": "00:06:03", "text": "Number one, February breaking 80. It's"}, {"start": "00:06:03", "end": "00:06:05", "text": "It's hitting 80. It's above 80 on risk."}, {"start": "00:06:05", "end": "00:06:07", "text": "There it is. There's the move up there."}, {"start": "00:06:07", "end": "00:06:10", "text": "But what's notable and meaningful to me"}, {"start": "00:06:10", "end": "00:06:13", "text": "is really two things. One of them being"}, {"start": "00:06:13", "end": "00:06:14", "text": "when did it break the bull market doors"}, {"start": "00:06:14", "end": "00:06:17", "text": "and what was the risk score. Right? So"}, {"start": "00:06:17", "end": "00:06:21", "text": "breaking 65 risk when it broke the bull"}, {"start": "00:06:21", "end": "00:06:24", "text": "market doors. Now if we look at the bull"}, {"start": "00:06:24", "end": "00:06:26", "text": "market doors this cycle and by the way"}, {"start": "00:06:26", "end": "00:06:27", "text": "the bull market doors if you haven't"}, {"start": "00:06:27", "end": "00:06:29", "text": "seen any of my analysis is basically"}, {"start": "00:06:29", "end": "00:06:31", "text": "going into that bare market that that"}, {"start": "00:06:31", "end": "00:06:34", "text": "rejection off the 20we boom it's"}, {"start": "00:06:34", "end": "00:06:37", "text": "breaking above that area. So last cycle"}, {"start": "00:06:37", "end": "00:06:40", "text": "was around 4142 cents. this cycle it is"}, {"start": "00:06:40", "end": "00:06:46", "text": "around 120 to 125 right what"}, {"start": "00:06:46", "end": "00:06:48", "text": "will the risk score be when we're"}, {"start": "00:06:48", "end": "00:06:51", "text": "hitting that area I will tell you one"}, {"start": "00:06:51", "end": "00:06:53", "text": "thing right now I don't even think it's"}, {"start": "00:06:53", "end": "00:06:55", "text": "going to be as high as last cycle when"}, {"start": "00:06:55", "end": "00:06:58", "text": "it was 65 a lot of that has to do with"}, {"start": "00:06:58", "end": "00:07:00", "text": "all of the compression that we've seen"}, {"start": "00:07:00", "end": "00:07:02", "text": "this cycle and we can even go to the"}, {"start": "00:07:02", "end": "00:07:05", "text": "risk model for ADA and we can actually"}, {"start": "00:07:05", "end": "00:07:07", "text": "look at well it tested those bull market"}, {"start": "00:07:07", "end": "00:07:11", "text": "doors a$121 in December 2024 and it"}, {"start": "00:07:11", "end": "00:07:15", "text": "topped out basically at 52. So 52 I"}, {"start": "00:07:15", "end": "00:07:19", "text": "would just say 50 I think is a very as"}, {"start": "00:07:19", "end": "00:07:21", "text": "as far as where we are right now because"}, {"start": "00:07:21", "end": "00:07:23", "text": "ADA is at 78 cents and if you get a"}, {"start": "00:07:23", "end": "00:07:26", "text": "sense of kind of how far away it is from"}, {"start": "00:07:26", "end": "00:07:28", "text": "the bull market doors it's not that far."}, {"start": "00:07:28", "end": "00:07:32", "text": "I think 50 range is a good range if ADA"}, {"start": "00:07:32", "end": "00:07:34", "text": "starts making a run for it. We could be"}, {"start": "00:07:34", "end": "00:07:37", "text": "in the 50s. I don't think we'll be at 65"}, {"start": "00:07:37", "end": "00:07:39", "text": "once we're getting to this area. Now,"}, {"start": "00:07:39", "end": "00:07:42", "text": "that's one thing. That's important"}, {"start": "00:07:42", "end": "00:07:43", "text": "because here's where we start"}, {"start": "00:07:43", "end": "00:07:47", "text": "speculating on price and selling 50%."}, {"start": "00:07:47", "end": "00:07:49", "text": "If ADA makes the run, right, to this"}, {"start": "00:07:49", "end": "00:07:52", "text": "area and let's say it's at 50, right?"}, {"start": "00:07:52", "end": "00:07:55", "text": "Well, last cycle, how fast did it go"}, {"start": "00:07:55", "end": "00:07:59", "text": "from 65 to 80?"}, {"start": "00:07:59", "end": "00:08:01", "text": "Quite fast. Within weeks, it went from"}, {"start": "00:08:01", "end": "00:08:05", "text": "65 to 80. And we're talking about like,"}, {"start": "00:08:05", "end": "00:08:08", "text": "you know, a very fast double in price."}, {"start": "00:08:08", "end": "00:08:12", "text": "There's 42 cents. Here's like 90 cents."}, {"start": "00:08:12", "end": "00:08:13", "text": "Now, the reason I'm saying that's"}, {"start": "00:08:13", "end": "00:08:15", "text": "important is because if you look at the"}, {"start": "00:08:15", "end": "00:08:17", "text": "measure, if you look at the price range,"}, {"start": "00:08:17", "end": "00:08:21", "text": "right, it's 140 to 150% move from the"}, {"start": "00:08:21", "end": "00:08:23", "text": "bull market doors."}, {"start": "00:08:23", "end": "00:08:26", "text": "So, if I take that similar move around"}, {"start": "00:08:26", "end": "00:08:29", "text": "150% from the bull market doors, we are"}, {"start": "00:08:29", "end": "00:08:32", "text": "at around $3."}, {"start": "00:08:32", "end": "00:08:35", "text": "So here's what I'm saying"}, {"start": "00:08:35", "end": "00:08:39", "text": "because risk score is speculatively"}, {"start": "00:08:39", "end": "00:08:41", "text": "going to be around 50 is what I is what"}, {"start": "00:08:41", "end": "00:08:42", "text": "I would guess and I could be completely"}, {"start": "00:08:42", "end": "00:08:44", "text": "wrong there. It depends how the price"}, {"start": "00:08:44", "end": "00:08:46", "text": "action operates for ADA but let's say"}, {"start": "00:08:46", "end": "00:08:48", "text": "it's 50 and then we're making a similar"}, {"start": "00:08:48", "end": "00:08:50", "text": "move above the bull market door similar"}, {"start": "00:08:50", "end": "00:08:55", "text": "to last cycle right and we get this 150%"}, {"start": "00:08:55", "end": "00:08:59", "text": "move to $3. if that played out right and"}, {"start": "00:08:59", "end": "00:09:02", "text": "we can even take a fractal right some if"}, {"start": "00:09:02", "end": "00:09:03", "text": "some move like this played out and I'm"}, {"start": "00:09:03", "end": "00:09:06", "text": "not saying I think it will but if we got"}, {"start": "00:09:06", "end": "00:09:09", "text": "a move like this on ADA I don't even"}, {"start": "00:09:09", "end": "00:09:13", "text": "think ADA would be at a risk score of 80"}, {"start": "00:09:13", "end": "00:09:17", "text": "at that moment I do not think so"}, {"start": "00:09:17", "end": "00:09:19", "text": "because the compression of this cycle"}, {"start": "00:09:19", "end": "00:09:23", "text": "has kept ADA's uh risk score lower now"}, {"start": "00:09:23", "end": "00:09:25", "text": "with that being said I think it could"}, {"start": "00:09:25", "end": "00:09:27", "text": "very well be kind of in the 70s area and"}, {"start": "00:09:27", "end": "00:09:29", "text": "it could be 80. It depends how the move"}, {"start": "00:09:29", "end": "00:09:31", "text": "happens. But my point being if you go to"}, {"start": "00:09:31", "end": "00:09:34", "text": "the exit planner, I really do think"}, {"start": "00:09:34", "end": "00:09:37", "text": "whether it ends up being a 70 risk or an"}, {"start": "00:09:37", "end": "00:09:42", "text": "80 risk, there is absolutely no harm in"}, {"start": "00:09:42", "end": "00:09:46", "text": "my opinion to sell 50% of a portfolio."}, {"start": "00:09:46", "end": "00:09:50", "text": "In this case, it would be 50,000 ADA at"}, {"start": "00:09:50", "end": "00:09:54", "text": "$3. Boom. So there's $137,500"}, {"start": "00:09:54", "end": "00:09:57", "text": "gains. 550% gains and you still have"}, {"start": "00:09:57", "end": "00:10:01", "text": "50,000 ADA left over in this speculative"}, {"start": "00:10:01", "end": "00:10:04", "text": "environment where risk might not even be"}, {"start": "00:10:04", "end": "00:10:06", "text": "at 80 yet, but let's say it could be."}, {"start": "00:10:06", "end": "00:10:08", "text": "Let's say it's at 80, but what if it's"}, {"start": "00:10:08", "end": "00:10:12", "text": "at 70, right? So imagine that you go"}, {"start": "00:10:12", "end": "00:10:13", "text": "back to the chart and this is where you"}, {"start": "00:10:13", "end": "00:10:15", "text": "start planning and speculating and you"}, {"start": "00:10:15", "end": "00:10:18", "text": "can set your risk alerts for risk mode,"}, {"start": "00:10:18", "end": "00:10:20", "text": "right? So that you are not as"}, {"start": "00:10:20", "end": "00:10:21", "text": "speculative. If you're just like, I"}, {"start": "00:10:21", "end": "00:10:26", "text": "don't care if ADA is um $2.11 and it's"}, {"start": "00:10:26", "end": "00:10:31", "text": "hitting 80 or $3.89 and it's hitting 80."}, {"start": "00:10:31", "end": "00:10:32", "text": "I want to be alerted and I want to make"}, {"start": "00:10:32", "end": "00:10:34", "text": "the decisions when that risk score is"}, {"start": "00:10:34", "end": "00:10:37", "text": "being hit. But I really do think pairing"}, {"start": "00:10:37", "end": "00:10:39", "text": "it with the speculation and pairing it"}, {"start": "00:10:39", "end": "00:10:41", "text": "with a visualization of what's selling"}, {"start": "00:10:41", "end": "00:10:43", "text": "at certain prices, I think it's very"}, {"start": "00:10:43", "end": "00:10:46", "text": "valuable, especially because when I even"}, {"start": "00:10:46", "end": "00:10:48", "text": "just go and I look at this plan, right,"}, {"start": "00:10:48", "end": "00:10:51", "text": "we just identified kind of this area of"}, {"start": "00:10:51", "end": "00:10:54", "text": "50,000 ADA at $3."}, {"start": "00:10:54", "end": "00:10:56", "text": "I'm kind of like,"}, {"start": "00:10:56", "end": "00:10:57", "text": "you know, and I think I've talked about"}, {"start": "00:10:57", "end": "00:11:00", "text": "this before. What about for all of the"}, {"start": "00:11:00", "end": "00:11:02", "text": "ADA holders that were accumulating this"}, {"start": "00:11:02", "end": "00:11:04", "text": "entire thing?"}, {"start": "00:11:04", "end": "00:11:07", "text": "There's no harm in my opinion if we"}, {"start": "00:11:07", "end": "00:11:10", "text": "start getting a breakout. We start"}, {"start": "00:11:10", "end": "00:11:12", "text": "breaking the bulldoors$125"}, {"start": "00:11:12", "end": "00:11:16", "text": "up to $3. If people want to take profit"}, {"start": "00:11:16", "end": "00:11:18", "text": "in that area,"}, {"start": "00:11:18", "end": "00:11:21", "text": "there is no problem in my opinion."}, {"start": "00:11:21", "end": "00:11:24", "text": "And then on the flip side, you want to"}, {"start": "00:11:24", "end": "00:11:26", "text": "have lef over. So say you did sell 50%"}, {"start": "00:11:26", "end": "00:11:29", "text": "at a $3, maybe it's 70 risk score, it's"}, {"start": "00:11:29", "end": "00:11:31", "text": "80 risk score there, whatever. you want"}, {"start": "00:11:31", "end": "00:11:34", "text": "to have extra left over for if we get a"}, {"start": "00:11:34", "end": "00:11:37", "text": "similar move back here, right? So, we're"}, {"start": "00:11:37", "end": "00:11:39", "text": "getting some type of really just nice"}, {"start": "00:11:39", "end": "00:11:41", "text": "bull market peak of some sort from that"}, {"start": "00:11:41", "end": "00:11:44", "text": "area and we're hitting, you know, $5,"}, {"start": "00:11:44", "end": "00:11:45", "text": "we're going higher. Depends how this"}, {"start": "00:11:45", "end": "00:11:47", "text": "will play out, but you want to go back"}, {"start": "00:11:47", "end": "00:11:49", "text": "into your exit planner and you want to"}, {"start": "00:11:49", "end": "00:11:50", "text": "start adding your exits for that"}, {"start": "00:11:50", "end": "00:11:52", "text": "speculative move. So, you're like, I'm"}, {"start": "00:11:52", "end": "00:11:54", "text": "selling more at 450. So, like, let's"}, {"start": "00:11:54", "end": "00:11:56", "text": "just say another 10% and then you're"}, {"start": "00:11:56", "end": "00:11:59", "text": "going to do another at 550. let's say"}, {"start": "00:11:59", "end": "00:12:02", "text": "another 10%. Right? So now you have"}, {"start": "00:12:02", "end": "00:12:05", "text": "30,000 ADA, you have $232,000 gains,"}, {"start": "00:12:05", "end": "00:12:08", "text": "you've taken profits at three, 450, and"}, {"start": "00:12:08", "end": "00:12:11", "text": "550. And all the while you're monitoring"}, {"start": "00:12:11", "end": "00:12:14", "text": "risk. But I think what's most valuable"}, {"start": "00:12:14", "end": "00:12:18", "text": "about Darius and his his email here is"}, {"start": "00:12:18", "end": "00:12:21", "text": "he's formulating his own risk tolerance"}, {"start": "00:12:21", "end": "00:12:24", "text": "plan because based off of the numbers he"}, {"start": "00:12:24", "end": "00:12:26", "text": "ran, he identified it as he identified"}, {"start": "00:12:26", "end": "00:12:30", "text": "80 as an important area. And I want to"}, {"start": "00:12:30", "end": "00:12:32", "text": "challenge that actually in this video in"}, {"start": "00:12:32", "end": "00:12:35", "text": "a very kind of candid way because the"}, {"start": "00:12:35", "end": "00:12:38", "text": "thing I want to challenge is what if"}, {"start": "00:12:38", "end": "00:12:40", "text": "this cycle is so different that it just"}, {"start": "00:12:40", "end": "00:12:43", "text": "keeps doing what it's been doing this"}, {"start": "00:12:43", "end": "00:12:45", "text": "swing high and just long consolidation"}, {"start": "00:12:45", "end": "00:12:48", "text": "swing high long consolidation right"}, {"start": "00:12:48", "end": "00:12:51", "text": "Darius even I right to you I'm I'm"}, {"start": "00:12:51", "end": "00:12:52", "text": "saying this to you one way to use our"}, {"start": "00:12:52", "end": "00:12:55", "text": "system what if we get a swing high here"}, {"start": "00:12:55", "end": "00:12:57", "text": "it's a$185"}, {"start": "00:12:57", "end": "00:13:01", "text": "and it's not an 80 risk score yet."}, {"start": "00:13:01", "end": "00:13:05", "text": "And then we consolidate again."}, {"start": "00:13:05", "end": "00:13:07", "text": "And you could be like, \"Nope, I don't"}, {"start": "00:13:07", "end": "00:13:08", "text": "care. I wouldn't take profit. Even if"}, {"start": "00:13:08", "end": "00:13:11", "text": "this was a 65 risk, a 70 risk at a$180,"}, {"start": "00:13:11", "end": "00:13:13", "text": "I'm not taking any profit yet.\" That's"}, {"start": "00:13:13", "end": "00:13:15", "text": "fine. But what if it just keeps doing"}, {"start": "00:13:15", "end": "00:13:17", "text": "that? And then the risk score"}, {"start": "00:13:17", "end": "00:13:20", "text": "consolidates and it just doesn't hit 80"}, {"start": "00:13:20", "end": "00:13:23", "text": "in this like parabolic way because we"}, {"start": "00:13:23", "end": "00:13:25", "text": "can't sit here and assume that the risk"}, {"start": "00:13:25", "end": "00:13:28", "text": "model will repeat itself, right? And so"}, {"start": "00:13:28", "end": "00:13:30", "text": "that's one thing I would not do is just"}, {"start": "00:13:30", "end": "00:13:31", "text": "say, \"Hey, we're going to get a move"}, {"start": "00:13:31", "end": "00:13:33", "text": "exactly like this. It's going to go from"}, {"start": "00:13:33", "end": "00:13:35", "text": "65 to 80 exactly like this.\" This cycle"}, {"start": "00:13:35", "end": "00:13:37", "text": "has already proven that's not going to"}, {"start": "00:13:37", "end": "00:13:41", "text": "happen. But what you can do is average"}, {"start": "00:13:41", "end": "00:13:44", "text": "out in a way that just kind of plays"}, {"start": "00:13:44", "end": "00:13:46", "text": "into your own risk appetite from a price"}, {"start": "00:13:46", "end": "00:13:50", "text": "perspective as well as a risk score"}, {"start": "00:13:50", "end": "00:13:54", "text": "perspective. So 80 to 100 in risk on an"}, {"start": "00:13:54", "end": "00:13:56", "text": "ADA exit planner, especially as right"}, {"start": "00:13:56", "end": "00:14:02", "text": "now it's at 33 with a price point of 78."}, {"start": "00:14:02", "end": "00:14:04", "text": "Think about that. When it was in the"}, {"start": "00:14:04", "end": "00:14:06", "text": "30s, I think it was a 35 right here. It"}, {"start": "00:14:06", "end": "00:14:10", "text": "was 8 cents, everybody. Our risk score"}, {"start": "00:14:10", "end": "00:14:13", "text": "right now is right here, similar to"}, {"start": "00:14:13", "end": "00:14:15", "text": "right here. Last cycle at 8 cents, but"}, {"start": "00:14:15", "end": "00:14:18", "text": "we're at 78."}, {"start": "00:14:18", "end": "00:14:21", "text": "So, when we're at 80 to 100 on risk, I"}, {"start": "00:14:21", "end": "00:14:24", "text": "think price is going to be a very, very,"}, {"start": "00:14:24", "end": "00:14:27", "text": "very nice area for taking profit. But"}, {"start": "00:14:27", "end": "00:14:29", "text": "along the way, what do consolidations"}, {"start": "00:14:29", "end": "00:14:31", "text": "look like? And I would really encourage"}, {"start": "00:14:31", "end": "00:14:33", "text": "you to identify areas, not just with"}, {"start": "00:14:33", "end": "00:14:36", "text": "risk, but with price in a higher high,"}, {"start": "00:14:36", "end": "00:14:38", "text": "higher low environment of what taking"}, {"start": "00:14:38", "end": "00:14:40", "text": "profits could look like for you. And"}, {"start": "00:14:40", "end": "00:14:41", "text": "then you can go into our our exit"}, {"start": "00:14:41", "end": "00:14:43", "text": "planner and you can visualize what those"}, {"start": "00:14:43", "end": "00:14:44", "text": "gains will look like if you're happy"}, {"start": "00:14:44", "end": "00:14:46", "text": "with that. And you can you can"}, {"start": "00:14:46", "end": "00:14:48", "text": "re-evaluate"}, {"start": "00:14:48", "end": "00:14:50", "text": "not only after you do the plan, but as"}, {"start": "00:14:50", "end": "00:14:53", "text": "price does maybe increase and risk mode"}, {"start": "00:14:53", "end": "00:14:55", "text": "changes, you can start re-evaluating"}, {"start": "00:14:55", "end": "00:14:57", "text": "your price mode plan. So that's what the"}, {"start": "00:14:57", "end": "00:14:59", "text": "system is for. Just awesome to see"}, {"start": "00:14:59", "end": "00:15:00", "text": "Darius in the way that he's kind of"}, {"start": "00:15:00", "end": "00:15:03", "text": "breaking down his own plan. Uh and I'm"}, {"start": "00:15:03", "end": "00:15:05", "text": "very curious to see how this cycle plays"}, {"start": "00:15:05", "end": "00:15:07", "text": "out. Going over to ADA on the daily"}, {"start": "00:15:07", "end": "00:15:09", "text": "chart. I did want to kind of break this"}, {"start": "00:15:09", "end": "00:15:11", "text": "down for you because I know this is a"}, {"start": "00:15:11", "end": "00:15:13", "text": "bullish speculative video in terms of"}, {"start": "00:15:13", "end": "00:15:16", "text": "Cardano and taking profits at all-time"}, {"start": "00:15:16", "end": "00:15:19", "text": "high areas. But at the end of the day,"}, {"start": "00:15:19", "end": "00:15:20", "text": "here we are. We're still in this just"}, {"start": "00:15:20", "end": "00:15:23", "text": "insane consolidation since last"}, {"start": "00:15:23", "end": "00:15:25", "text": "December. I mean, we're going almost on"}, {"start": "00:15:25", "end": "00:15:28", "text": "a year and ADA still even in the"}, {"start": "00:15:28", "end": "00:15:30", "text": "short-term dip has target to the"}, {"start": "00:15:30", "end": "00:15:32", "text": "downside. So, let's monitor to see how"}, {"start": "00:15:32", "end": "00:15:34", "text": "this week progresses as we go into a new"}, {"start": "00:15:34", "end": "00:15:37", "text": "week. But just please keep in mind we"}, {"start": "00:15:37", "end": "00:15:39", "text": "have this target to the downside in like"}, {"start": "00:15:39", "end": "00:15:41", "text": "the mid60 ccent area out of this"}, {"start": "00:15:41", "end": "00:15:44", "text": "pattern. The the thing that is still in"}, {"start": "00:15:44", "end": "00:15:47", "text": "play is a busted pattern. We might see"}, {"start": "00:15:47", "end": "00:15:49", "text": "Cardano and crypto start rallying if"}, {"start": "00:15:49", "end": "00:15:51", "text": "this starts happening. We might be in"}, {"start": "00:15:51", "end": "00:15:54", "text": "store for a bull a bull move sooner than"}, {"start": "00:15:54", "end": "00:15:56", "text": "probably"}, {"start": "00:15:56", "end": "00:15:58", "text": "sentiment is looking like. Meaning most"}, {"start": "00:15:58", "end": "00:16:00", "text": "people in terms of sentiment is what I'm"}, {"start": "00:16:00", "end": "00:16:01", "text": "what I'm seeing. They're just so worn"}, {"start": "00:16:01", "end": "00:16:04", "text": "out and tired and I get it. But imagine"}, {"start": "00:16:04", "end": "00:16:07", "text": "a move like this, a busted pattern on"}, {"start": "00:16:07", "end": "00:16:09", "text": "this Cardono chart. What could play into"}, {"start": "00:16:09", "end": "00:16:11", "text": "that is the 200 day support. So we fall"}, {"start": "00:16:11", "end": "00:16:13", "text": "in, we might hover above that area and"}, {"start": "00:16:13", "end": "00:16:14", "text": "then we might make the move to the"}, {"start": "00:16:14", "end": "00:16:16", "text": "upside instead of breaking to the"}, {"start": "00:16:16", "end": "00:16:18", "text": "target. Ethereum just did something"}, {"start": "00:16:18", "end": "00:16:21", "text": "similar in its own charts on the I"}, {"start": "00:16:21", "end": "00:16:22", "text": "believe it was the weekly chart, right?"}, {"start": "00:16:22", "end": "00:16:24", "text": "If we go look at an Ethereum chart"}, {"start": "00:16:24", "end": "00:16:27", "text": "really quickly, the move that I'm"}, {"start": "00:16:27", "end": "00:16:30", "text": "talking about is and it wasn't it wasn't"}, {"start": "00:16:30", "end": "00:16:32", "text": "so much the weekly chart as it was the"}, {"start": "00:16:32", "end": "00:16:34", "text": "daily chart. So, and I really want to"}, {"start": "00:16:34", "end": "00:16:36", "text": "break this down because it's very"}, {"start": "00:16:36", "end": "00:16:40", "text": "meaningful in terms of like watching all"}, {"start": "00:16:40", "end": "00:16:43", "text": "these altcoins. So, the triangle that"}, {"start": "00:16:43", "end": "00:16:45", "text": "Ethereum just broke out of is very"}, {"start": "00:16:45", "end": "00:16:46", "text": "similar and we're getting a little bit"}, {"start": "00:16:46", "end": "00:16:49", "text": "of a snapback. I'm not so sure that's"}, {"start": "00:16:49", "end": "00:16:50", "text": "going to be a busted pattern. If it's"}, {"start": "00:16:50", "end": "00:16:52", "text": "not and we continue to Ethereum's"}, {"start": "00:16:52", "end": "00:16:55", "text": "target, you can see how ADA is likely"}, {"start": "00:16:55", "end": "00:16:57", "text": "going to continue to its own target to"}, {"start": "00:16:57", "end": "00:16:59", "text": "the downside. So, that's ADA to the"}, {"start": "00:16:59", "end": "00:17:01", "text": "downside. To the upside is potentially"}, {"start": "00:17:01", "end": "00:17:03", "text": "in play. If we get a move to the upside,"}, {"start": "00:17:03", "end": "00:17:06", "text": "91 cents is a huge area of resistance"}, {"start": "00:17:06", "end": "00:17:08", "text": "and all we can do right now is wait. I"}, {"start": "00:17:08", "end": "00:17:10", "text": "will monitor as well. I you know I just"}, {"start": "00:17:10", "end": "00:17:12", "text": "want to mention this. This was the"}, {"start": "00:17:12", "end": "00:17:13", "text": "biggest thing I wanted to mention"}, {"start": "00:17:13", "end": "00:17:16", "text": "monitoring the RSI. So if ADA starts"}, {"start": "00:17:16", "end": "00:17:20", "text": "making a move to the downside, right? We"}, {"start": "00:17:20", "end": "00:17:22", "text": "start making a move to this green line,"}, {"start": "00:17:22", "end": "00:17:24", "text": "I think the bottom will be close for"}, {"start": "00:17:24", "end": "00:17:27", "text": "this particular ADA uh bottoming out"}, {"start": "00:17:27", "end": "00:17:29", "text": "area. And you can just see right back"}, {"start": "00:17:29", "end": "00:17:32", "text": "here was the bottom in June of 2025. I"}, {"start": "00:17:32", "end": "00:17:34", "text": "know in previous moves, you can see"}, {"start": "00:17:34", "end": "00:17:36", "text": "falling to that green line was actually"}, {"start": "00:17:36", "end": "00:17:38", "text": "kind of like the beginning of a"}, {"start": "00:17:38", "end": "00:17:40", "text": "continued lower low move. But"}, {"start": "00:17:40", "end": "00:17:42", "text": "considering where we are in the business"}, {"start": "00:17:42", "end": "00:17:44", "text": "cycle, considering"}, {"start": "00:17:44", "end": "00:17:47", "text": "going into Q4, pro- crypto legislation,"}, {"start": "00:17:47", "end": "00:17:50", "text": "crypto market structure, I do think that"}, {"start": "00:17:50", "end": "00:17:52", "text": "this current consolidation and dip that"}, {"start": "00:17:52", "end": "00:17:54", "text": "we're in will not be like this"}, {"start": "00:17:54", "end": "00:17:57", "text": "overextended type of lower low dip. I"}, {"start": "00:17:57", "end": "00:17:58", "text": "don't think it's going to be one of"}, {"start": "00:17:58", "end": "00:18:01", "text": "these. I could be completely wrong. We"}, {"start": "00:18:01", "end": "00:18:05", "text": "could be in February 2026 testing 53"}, {"start": "00:18:05", "end": "00:18:07", "text": "cents because that's precisely what"}, {"start": "00:18:07", "end": "00:18:11", "text": "happened, right? So, don't hold me to"}, {"start": "00:18:11", "end": "00:18:13", "text": "it. I'm just giving you my giving you my"}, {"start": "00:18:13", "end": "00:18:16", "text": "opinion. I think even if we do go lower"}, {"start": "00:18:16", "end": "00:18:17", "text": "right now, it's going to be a shorter"}, {"start": "00:18:17", "end": "00:18:20", "text": "term move um than a longer term one. So,"}, {"start": "00:18:20", "end": "00:18:22", "text": "those are my thoughts today. I hope you"}, {"start": "00:18:22", "end": "00:18:24", "text": "enjoyed this video or at least got some,"}, {"start": "00:18:24", "end": "00:18:26", "text": "you know, valuable content or ideas from"}, {"start": "00:18:26", "end": "00:18:27", "text": "this video. If you did, please"}, {"start": "00:18:27", "end": "00:18:29", "text": "subscribe, hit the like. If you're not"}, {"start": "00:18:29", "end": "00:18:31", "text": "in our intelligent system, once again,"}, {"start": "00:18:31", "end": "00:18:32", "text": "go check it out. Check out the assets"}, {"start": "00:18:32", "end": "00:18:35", "text": "that we have. We will be looking to add"}, {"start": "00:18:35", "end": "00:18:39", "text": "another asset next week. So hopefully"}, {"start": "00:18:39", "end": "00:18:41", "text": "that goes smoothly. We're building the"}, {"start": "00:18:41", "end": "00:18:43", "text": "risk model soon and we will release that"}, {"start": "00:18:43", "end": "00:18:44", "text": "to members. So appreciate each and every"}, {"start": "00:18:44", "end": "00:18:46", "text": "one of you. I will see you in the next"}, {"start": "00:18:46", "end": "00:18:49", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "There's the altcoin market cap chart on"}, {"start": "00:00:02", "end": "00:00:04", "text": "the weekly dipping. If you're like me,"}, {"start": "00:00:04", "end": "00:00:05", "text": "you're like, not only how low is this"}, {"start": "00:00:05", "end": "00:00:07", "text": "going to go, but how long is this going"}, {"start": "00:00:07", "end": "00:00:11", "text": "to last? When might we get a reversal?"}, {"start": "00:00:11", "end": "00:00:13", "text": "We have data now that's going to, I"}, {"start": "00:00:13", "end": "00:00:14", "text": "think, give us a very nice road map of"}, {"start": "00:00:14", "end": "00:00:16", "text": "an exact time frame to at the very least"}, {"start": "00:00:16", "end": "00:00:18", "text": "anticipate maybe even a more"}, {"start": "00:00:18", "end": "00:00:20", "text": "conservative time frame. Right now, the"}, {"start": "00:00:20", "end": "00:00:23", "text": "fear and greed index now sits at 28,"}, {"start": "00:00:23", "end": "00:00:26", "text": "nearing extreme lows. Bitcoin dominance"}, {"start": "00:00:26", "end": "00:00:28", "text": "on the weekly making a move that it"}, {"start": "00:00:28", "end": "00:00:30", "text": "might not seem like it to all coin"}, {"start": "00:00:30", "end": "00:00:33", "text": "holders. So incredibly important, so"}, {"start": "00:00:33", "end": "00:00:35", "text": "incredibly bullish. I want to break that"}, {"start": "00:00:35", "end": "00:00:38", "text": "down in Ethereum and ADA. These price"}, {"start": "00:00:38", "end": "00:00:40", "text": "action dips that are occurring. All of"}, {"start": "00:00:40", "end": "00:00:41", "text": "this data that we're putting together in"}, {"start": "00:00:41", "end": "00:00:44", "text": "this video to give us a sense of time"}, {"start": "00:00:44", "end": "00:00:46", "text": "frame, how long this will last paints a"}, {"start": "00:00:46", "end": "00:00:48", "text": "very nice picture for price action for"}, {"start": "00:00:48", "end": "00:00:49", "text": "these two charts. So I want to go over"}, {"start": "00:00:49", "end": "00:00:52", "text": "Ethereum and ADA in this video. So, hit"}, {"start": "00:00:52", "end": "00:00:53", "text": "the subscribe and like on the way in. If"}, {"start": "00:00:53", "end": "00:00:55", "text": "you're not in our intelligence system,"}, {"start": "00:00:55", "end": "00:00:57", "text": "click the link below, get set up with a"}, {"start": "00:00:57", "end": "00:00:59", "text": "free trial. Join all of our members that"}, {"start": "00:00:59", "end": "00:01:01", "text": "are coming on board and start planning,"}, {"start": "00:01:01", "end": "00:01:04", "text": "start studying the risk of these markets"}, {"start": "00:01:04", "end": "00:01:06", "text": "right now. And if you are a member, just"}, {"start": "00:01:06", "end": "00:01:08", "text": "a very quick note and then we're going"}, {"start": "00:01:08", "end": "00:01:10", "text": "to jump into it. You know, we have our"}, {"start": "00:01:10", "end": "00:01:12", "text": "risk alerts. You can get emailed when"}, {"start": "00:01:12", "end": "00:01:14", "text": "your risk alerts get set when we're"}, {"start": "00:01:14", "end": "00:01:16", "text": "hitting certain levels. I mentioned like"}, {"start": "00:01:16", "end": "00:01:19", "text": "a month ago that text alerts are coming."}, {"start": "00:01:19", "end": "00:01:21", "text": "I want to apologize. This is taking"}, {"start": "00:01:21", "end": "00:01:23", "text": "longer than anticipated. I did not"}, {"start": "00:01:23", "end": "00:01:25", "text": "anticipate the industry that is the"}, {"start": "00:01:25", "end": "00:01:27", "text": "platforms that allow for these text"}, {"start": "00:01:27", "end": "00:01:29", "text": "alerts. They're one of those industries"}, {"start": "00:01:29", "end": "00:01:31", "text": "that very much still think crypto is a"}, {"start": "00:01:31", "end": "00:01:35", "text": "scam. So, it's taking longer than, you"}, {"start": "00:01:35", "end": "00:01:37", "text": "know, anticipated. So, we're working on"}, {"start": "00:01:37", "end": "00:01:39", "text": "it. I just want to say the fear and"}, {"start": "00:01:39", "end": "00:01:41", "text": "greed index now sits at 28, nearing"}, {"start": "00:01:41", "end": "00:01:44", "text": "extreme lows. For context, it last"}, {"start": "00:01:44", "end": "00:01:47", "text": "dropped below 10 during the COVID crash."}, {"start": "00:01:47", "end": "00:01:50", "text": "So my first instinct when I saw this"}, {"start": "00:01:50", "end": "00:01:51", "text": "today, right, was basically to go to the"}, {"start": "00:01:51", "end": "00:01:54", "text": "the chart itself and I'm like, \"Wow,"}, {"start": "00:01:54", "end": "00:01:58", "text": "it's at 28 and it's falling.\""}, {"start": "00:01:58", "end": "00:01:59", "text": "If we're trying to identify a local"}, {"start": "00:01:59", "end": "00:02:01", "text": "bottom, you go back here. We we were"}, {"start": "00:02:01", "end": "00:02:03", "text": "we're getting close to this 18. This was"}, {"start": "00:02:03", "end": "00:02:05", "text": "the COVID swing or not the COVID swing"}, {"start": "00:02:05", "end": "00:02:08", "text": "low. This was the the April tariff swing"}, {"start": "00:02:08", "end": "00:02:11", "text": "low right there. We're getting close."}, {"start": "00:02:11", "end": "00:02:14", "text": "But then I was like, it it I can't make"}, {"start": "00:02:14", "end": "00:02:15", "text": "it that easy and I need to make that"}, {"start": "00:02:15", "end": "00:02:17", "text": "more conservative. We can't say we're"}, {"start": "00:02:17", "end": "00:02:19", "text": "getting close to that bottom and the"}, {"start": "00:02:19", "end": "00:02:21", "text": "bottom's almost in like days away. What"}, {"start": "00:02:21", "end": "00:02:23", "text": "I did was, and we have a really nice"}, {"start": "00:02:23", "end": "00:02:26", "text": "Ethereum piece of data that helps this"}, {"start": "00:02:26", "end": "00:02:28", "text": "and plays right into this. I went to"}, {"start": "00:02:28", "end": "00:02:30", "text": "February, the end of February, right"}, {"start": "00:02:30", "end": "00:02:34", "text": "before March is starting. Look at this"}, {"start": "00:02:34", "end": "00:02:37", "text": "index dropping to 10. Now, that was the"}, {"start": "00:02:37", "end": "00:02:39", "text": "beginning of the move. The reason I'm"}, {"start": "00:02:39", "end": "00:02:41", "text": "bringing that up is because this is"}, {"start": "00:02:41", "end": "00:02:44", "text": "going to give us a very nice time frame"}, {"start": "00:02:44", "end": "00:02:48", "text": "to watch for. Now, I'm going to show you"}, {"start": "00:02:48", "end": "00:02:49", "text": "what this looks like on the altcoin"}, {"start": "00:02:49", "end": "00:02:51", "text": "market cap chart, the Bitcoin dominance"}, {"start": "00:02:51", "end": "00:02:54", "text": "chart, and Ethereum"}, {"start": "00:02:54", "end": "00:02:57", "text": "and Cardano. But we're first, I want to"}, {"start": "00:02:57", "end": "00:02:58", "text": "show you this piece of Ethereum data"}, {"start": "00:02:58", "end": "00:03:01", "text": "because this is huge and bullish. Open"}, {"start": "00:03:01", "end": "00:03:03", "text": "ETH open interest sees its biggest reset"}, {"start": "00:03:03", "end": "00:03:06", "text": "since 2024."}, {"start": "00:03:06", "end": "00:03:07", "text": "Now here we even have another piece of"}, {"start": "00:03:07", "end": "00:03:10", "text": "data that we can overlay with what we're"}, {"start": "00:03:10", "end": "00:03:11", "text": "speculating on, right? And that's the"}, {"start": "00:03:11", "end": "00:03:15", "text": "time frame of this dip."}, {"start": "00:03:15", "end": "00:03:17", "text": "Look at this ETH open interest. Like"}, {"start": "00:03:17", "end": "00:03:19", "text": "look at this this move here. You see"}, {"start": "00:03:19", "end": "00:03:22", "text": "this move right here? Well, if you go"}, {"start": "00:03:22", "end": "00:03:24", "text": "back here and um you can't see it"}, {"start": "00:03:24", "end": "00:03:26", "text": "exactly, but this is basically looking"}, {"start": "00:03:26", "end": "00:03:28", "text": "like it's like in February, right? That"}, {"start": "00:03:28", "end": "00:03:31", "text": "first move, that was the beginning of"}, {"start": "00:03:31", "end": "00:03:33", "text": "the move. And then you can see it"}, {"start": "00:03:33", "end": "00:03:35", "text": "extended right into March. And then you"}, {"start": "00:03:35", "end": "00:03:37", "text": "can just see there's the April I'm"}, {"start": "00:03:37", "end": "00:03:38", "text": "pretty sure. Yeah, this is the April"}, {"start": "00:03:38", "end": "00:03:41", "text": "capitulation right there. So you can see"}, {"start": "00:03:41", "end": "00:03:43", "text": "that February into the beginning of"}, {"start": "00:03:43", "end": "00:03:46", "text": "April, this was that first move. Right"}, {"start": "00:03:46", "end": "00:03:48", "text": "now it's kind of like this could be that"}, {"start": "00:03:48", "end": "00:03:51", "text": "first move. We're at the beginning of a"}, {"start": "00:03:51", "end": "00:03:52", "text": "consolidation. That might not be what"}, {"start": "00:03:52", "end": "00:03:54", "text": "you want to hear. And there's not a"}, {"start": "00:03:54", "end": "00:03:55", "text": "guarantee that that this is how this"}, {"start": "00:03:55", "end": "00:03:58", "text": "will play out, but that gives us a very"}, {"start": "00:03:58", "end": "00:04:00", "text": "nice road map. And then when we start"}, {"start": "00:04:00", "end": "00:04:02", "text": "looking at something like gold. So gold"}, {"start": "00:04:02", "end": "00:04:04", "text": "is hovering at like all-time high areas"}, {"start": "00:04:04", "end": "00:04:06", "text": "right now. If you zoom out on gold,"}, {"start": "00:04:06", "end": "00:04:07", "text": "right? You're like, \"Okay, wow. It's"}, {"start": "00:04:07", "end": "00:04:10", "text": "just non-stop higher highs, higher lows,"}, {"start": "00:04:10", "end": "00:04:12", "text": "breaking all-time highs.\" And if you go"}, {"start": "00:04:12", "end": "00:04:14", "text": "back and you look at the end of"}, {"start": "00:04:14", "end": "00:04:17", "text": "February, gold had just topped out,"}, {"start": "00:04:17", "end": "00:04:21", "text": "right? Sound familiar? Here's gold. And"}, {"start": "00:04:21", "end": "00:04:23", "text": "we started consolidating and then boom,"}, {"start": "00:04:23", "end": "00:04:28", "text": "it topped out again in April. So here"}, {"start": "00:04:28", "end": "00:04:30", "text": "February to April again is a very"}, {"start": "00:04:30", "end": "00:04:32", "text": "interesting area very interesting data"}, {"start": "00:04:32", "end": "00:04:34", "text": "point to now take into the crypto"}, {"start": "00:04:34", "end": "00:04:37", "text": "charts. So and for me this is like a"}, {"start": "00:04:37", "end": "00:04:39", "text": "more conservative approach. It it could"}, {"start": "00:04:39", "end": "00:04:41", "text": "be way shorter and it would be awesome"}, {"start": "00:04:41", "end": "00:04:42", "text": "if if it is way shorter of a"}, {"start": "00:04:42", "end": "00:04:45", "text": "consolidation. But if you look now on"}, {"start": "00:04:45", "end": "00:04:46", "text": "the altcoin market cap chart you can"}, {"start": "00:04:46", "end": "00:04:48", "text": "just see all coins got rejected at the"}, {"start": "00:04:48", "end": "00:04:50", "text": "all-time high area once again and we're"}, {"start": "00:04:50", "end": "00:04:53", "text": "in a consolidation just from a technical"}, {"start": "00:04:53", "end": "00:04:54", "text": "analysis perspective. we were talking"}, {"start": "00:04:54", "end": "00:04:57", "text": "about anyway the normaly of the 20 and"}, {"start": "00:04:57", "end": "00:05:00", "text": "the 50we moving averages being revisited"}, {"start": "00:05:00", "end": "00:05:02", "text": "not enjoyable but normal well here now"}, {"start": "00:05:02", "end": "00:05:06", "text": "is the February to April box that we've"}, {"start": "00:05:06", "end": "00:05:08", "text": "kind of established when we're looking"}, {"start": "00:05:08", "end": "00:05:10", "text": "at all these other different data points"}, {"start": "00:05:10", "end": "00:05:13", "text": "so that is to say is the altcoin market"}, {"start": "00:05:13", "end": "00:05:14", "text": "cap chart falling into kind of a move"}, {"start": "00:05:14", "end": "00:05:18", "text": "like this right now what's crazy and I"}, {"start": "00:05:18", "end": "00:05:22", "text": "think incredibly good is we're at a"}, {"start": "00:05:22", "end": "00:05:25", "text": "higher market cap in terms of this chart"}, {"start": "00:05:25", "end": "00:05:27", "text": "right now where we we will be kind of"}, {"start": "00:05:27", "end": "00:05:30", "text": "approaching these key moving averages,"}, {"start": "00:05:30", "end": "00:05:33", "text": "right? So, we are in a I I would say a"}, {"start": "00:05:33", "end": "00:05:35", "text": "more power position for altcoins to"}, {"start": "00:05:35", "end": "00:05:37", "text": "consolidate. And if you actually go to"}, {"start": "00:05:37", "end": "00:05:38", "text": "our risk models and you look at the"}, {"start": "00:05:38", "end": "00:05:41", "text": "altcoin market cap risk score right now,"}, {"start": "00:05:41", "end": "00:05:44", "text": "it's at a 22 everybody. So, we at a very"}, {"start": "00:05:44", "end": "00:05:47", "text": "healthy risk score. I mean, really in"}, {"start": "00:05:47", "end": "00:05:50", "text": "buy territory for altcoins. Why? while"}, {"start": "00:05:50", "end": "00:05:52", "text": "this is happening. So, yes, there can be"}, {"start": "00:05:52", "end": "00:05:54", "text": "more downside and Ethereum and Cordono"}, {"start": "00:05:54", "end": "00:05:56", "text": "will give us a nice idea of what to"}, {"start": "00:05:56", "end": "00:05:58", "text": "anticipate in that regard. Before we get"}, {"start": "00:05:58", "end": "00:05:59", "text": "there, I do want to take a glance at the"}, {"start": "00:05:59", "end": "00:06:02", "text": "Bitcoin uh dominance chart because here"}, {"start": "00:06:02", "end": "00:06:06", "text": "is, check it out, the February to April"}, {"start": "00:06:06", "end": "00:06:09", "text": "move on Bitcoin dominance. Why is this"}, {"start": "00:06:09", "end": "00:06:11", "text": "notable? Well, it's notable to me"}, {"start": "00:06:11", "end": "00:06:12", "text": "because"}, {"start": "00:06:12", "end": "00:06:15", "text": "we already have this 20we finally kind"}, {"start": "00:06:15", "end": "00:06:18", "text": "of making its way towards the 50."}, {"start": "00:06:18", "end": "00:06:20", "text": "There's no guarantee it's going to just"}, {"start": "00:06:20", "end": "00:06:22", "text": "make its move below it, right? That"}, {"start": "00:06:22", "end": "00:06:26", "text": "green below the the blue, but this move"}, {"start": "00:06:26", "end": "00:06:31", "text": "pulling into that area is so normal and"}, {"start": "00:06:31", "end": "00:06:33", "text": "it's it would be it would be a good move"}, {"start": "00:06:33", "end": "00:06:36", "text": "for for an altcoin season. So, if we do"}, {"start": "00:06:36", "end": "00:06:37", "text": "fall into like a multi-week"}, {"start": "00:06:37", "end": "00:06:39", "text": "consolidation and Bitcoin dominance"}, {"start": "00:06:39", "end": "00:06:40", "text": "starts making a little bit of a move to"}, {"start": "00:06:40", "end": "00:06:43", "text": "the upside, just know when the 20 was"}, {"start": "00:06:43", "end": "00:06:46", "text": "falling below the 50 back here, that"}, {"start": "00:06:46", "end": "00:06:48", "text": "also happened. You can see that little"}, {"start": "00:06:48", "end": "00:06:50", "text": "pump for Bitcoin into the area and"}, {"start": "00:06:50", "end": "00:06:52", "text": "actually above those moving averages and"}, {"start": "00:06:52", "end": "00:06:55", "text": "then boom a you know it fell and then"}, {"start": "00:06:55", "end": "00:06:57", "text": "even here when it was falling the 20"}, {"start": "00:06:57", "end": "00:06:59", "text": "into altcoin season 20 below the 50 we"}, {"start": "00:06:59", "end": "00:07:02", "text": "pulled into it. So pulling into the 20"}, {"start": "00:07:02", "end": "00:07:04", "text": "and the 50 moving averages on the weekly"}, {"start": "00:07:04", "end": "00:07:07", "text": "is not a bad thing for uh the Bitcoin"}, {"start": "00:07:07", "end": "00:07:09", "text": "dominance chart to do and it's something"}, {"start": "00:07:09", "end": "00:07:11", "text": "that we would anticipate anyway. But"}, {"start": "00:07:11", "end": "00:07:13", "text": "this data, if Bitcoin dominance does get"}, {"start": "00:07:13", "end": "00:07:15", "text": "a little bit of a move like it did in"}, {"start": "00:07:15", "end": "00:07:16", "text": "February to April, maybe not that"}, {"start": "00:07:16", "end": "00:07:19", "text": "powerful, this is all suggesting Bitcoin"}, {"start": "00:07:19", "end": "00:07:22", "text": "dominance might have a a little run"}, {"start": "00:07:22", "end": "00:07:24", "text": "against all coins and that's something"}, {"start": "00:07:24", "end": "00:07:26", "text": "just to if it happens know that looks"}, {"start": "00:07:26", "end": "00:07:28", "text": "like it would be pretty normal. So now"}, {"start": "00:07:28", "end": "00:07:31", "text": "we go to Ethereum charts. So as you"}, {"start": "00:07:31", "end": "00:07:32", "text": "know, we've been tracking a lot in terms"}, {"start": "00:07:32", "end": "00:07:36", "text": "of Ethereum. That is mainly the uh"}, {"start": "00:07:36", "end": "00:07:39", "text": "throwback to the apex, the throwback to"}, {"start": "00:07:39", "end": "00:07:41", "text": "the triangle being in play. And we got"}, {"start": "00:07:41", "end": "00:07:43", "text": "this structure on the daily chart, which"}, {"start": "00:07:43", "end": "00:07:45", "text": "was very helpful to kind of like just"}, {"start": "00:07:45", "end": "00:07:48", "text": "track how this would happen. And we did."}, {"start": "00:07:48", "end": "00:07:50", "text": "We broke to the downside. Now we're"}, {"start": "00:07:50", "end": "00:07:52", "text": "anticipating maybe even a a pullback to"}, {"start": "00:07:52", "end": "00:07:55", "text": "the triangle and then continuation. But"}, {"start": "00:07:55", "end": "00:07:58", "text": "either way, now that we have this this"}, {"start": "00:07:58", "end": "00:08:01", "text": "road map, right? If we're thinking about"}, {"start": "00:08:01", "end": "00:08:04", "text": "in terms of time frame on Ethereum,"}, {"start": "00:08:04", "end": "00:08:07", "text": "check it out. Here's end of February,"}, {"start": "00:08:07", "end": "00:08:09", "text": "right? So, there's like that end of"}, {"start": "00:08:09", "end": "00:08:12", "text": "February area. I'm going to use a"}, {"start": "00:08:12", "end": "00:08:16", "text": "fractal not to show you like the price"}, {"start": "00:08:16", "end": "00:08:18", "text": "target move, right? But just a fractal"}, {"start": "00:08:18", "end": "00:08:20", "text": "just to visualize the length of time"}, {"start": "00:08:20", "end": "00:08:23", "text": "this could take, right? And and this is"}, {"start": "00:08:23", "end": "00:08:25", "text": "what we're looking at. We could have a"}, {"start": "00:08:25", "end": "00:08:28", "text": "bad o October. It might be the beginning"}, {"start": "00:08:28", "end": "00:08:30", "text": "of November and cryptos bounce because"}, {"start": "00:08:30", "end": "00:08:32", "text": "that's how long it took back here when"}, {"start": "00:08:32", "end": "00:08:34", "text": "we had very similar data lining up. Fear"}, {"start": "00:08:34", "end": "00:08:37", "text": "and greed, ETH open interest. That's how"}, {"start": "00:08:37", "end": "00:08:40", "text": "long it took for ETH to bottom. Am I"}, {"start": "00:08:40", "end": "00:08:43", "text": "saying this is the target? No. But it"}, {"start": "00:08:43", "end": "00:08:45", "text": "could look something like this. And"}, {"start": "00:08:45", "end": "00:08:47", "text": "maybe it's even not as long. Maybe it's"}, {"start": "00:08:47", "end": "00:08:49", "text": "the end of October. But we could very"}, {"start": "00:08:49", "end": "00:08:51", "text": "well visit the apex anywhere in the apex"}, {"start": "00:08:51", "end": "00:08:53", "text": "of the triangle. And what we'll do in"}, {"start": "00:08:53", "end": "00:08:55", "text": "the meantime if it does happen is we'll"}, {"start": "00:08:55", "end": "00:08:57", "text": "evaluate things like the momentum"}, {"start": "00:08:57", "end": "00:08:59", "text": "oscillator on this daily chart, the RSI."}, {"start": "00:08:59", "end": "00:09:02", "text": "Are we getting some type of, you know,"}, {"start": "00:09:02", "end": "00:09:05", "text": "bounce out of historically low oversold"}, {"start": "00:09:05", "end": "00:09:07", "text": "areas? What's it looking like? What is"}, {"start": "00:09:07", "end": "00:09:10", "text": "that doing? Is something that we will be"}, {"start": "00:09:10", "end": "00:09:13", "text": "evaluating. But all the while, my point"}, {"start": "00:09:13", "end": "00:09:16", "text": "is this. We have the initial target out"}, {"start": "00:09:16", "end": "00:09:18", "text": "of the triangle, the small triangle to"}, {"start": "00:09:18", "end": "00:09:20", "text": "like the mid 3000s."}, {"start": "00:09:20", "end": "00:09:22", "text": "And at the end of the day, when we have"}, {"start": "00:09:22", "end": "00:09:25", "text": "throwbacks to these massive patterns, so"}, {"start": "00:09:25", "end": "00:09:26", "text": "the busted pattern came into play and"}, {"start": "00:09:26", "end": "00:09:28", "text": "we're throwing back. We could throw back"}, {"start": "00:09:28", "end": "00:09:30", "text": "to the apex. Anywhere in the apex, I"}, {"start": "00:09:30", "end": "00:09:32", "text": "think, is a good area to watch for the"}, {"start": "00:09:32", "end": "00:09:34", "text": "200 day moving average making its way"}, {"start": "00:09:34", "end": "00:09:37", "text": "into the triangle. So, we should give it"}, {"start": "00:09:37", "end": "00:09:40", "text": "a little bit of time. It would be great"}, {"start": "00:09:40", "end": "00:09:43", "text": "if October ends up being green and, you"}, {"start": "00:09:43", "end": "00:09:44", "text": "know, maybe we hit a target and then"}, {"start": "00:09:44", "end": "00:09:45", "text": "we're actually just bouncing to the"}, {"start": "00:09:45", "end": "00:09:47", "text": "upside and we're we're going bullish for"}, {"start": "00:09:47", "end": "00:09:50", "text": "the rest of Q4, right? Fine. Let's"}, {"start": "00:09:50", "end": "00:09:52", "text": "evaluate and monitor. It is possible."}, {"start": "00:09:52", "end": "00:09:56", "text": "But I like to anticipate these more"}, {"start": "00:09:56", "end": "00:09:58", "text": "extreme scenarios that aren't even"}, {"start": "00:09:58", "end": "00:10:00", "text": "really extreme. It's conservative and it"}, {"start": "00:10:00", "end": "00:10:03", "text": "lines up with pretty much what happened"}, {"start": "00:10:03", "end": "00:10:05", "text": "back here. So, and and keep in mind, I'm"}, {"start": "00:10:05", "end": "00:10:07", "text": "not talking about any of the business"}, {"start": "00:10:07", "end": "00:10:09", "text": "cycle stuff. I'm not talking about any"}, {"start": "00:10:09", "end": "00:10:11", "text": "of the legislation. I'm not talking"}, {"start": "00:10:11", "end": "00:10:12", "text": "about anything that I all these things"}, {"start": "00:10:12", "end": "00:10:14", "text": "that I think are incredibly bullish for"}, {"start": "00:10:14", "end": "00:10:16", "text": "crypto, altcoin, ETFs, Q4, everything"}, {"start": "00:10:16", "end": "00:10:19", "text": "that's going on. Let's look at ADA. So,"}, {"start": "00:10:19", "end": "00:10:21", "text": "ADA is a little bit of a different story"}, {"start": "00:10:21", "end": "00:10:24", "text": "because, you know, if you look at ADA's"}, {"start": "00:10:24", "end": "00:10:27", "text": "price target into the 60s out of, you"}, {"start": "00:10:27", "end": "00:10:29", "text": "know, from where it is right now, you"}, {"start": "00:10:29", "end": "00:10:31", "text": "can kind of just see it's maybe a move"}, {"start": "00:10:31", "end": "00:10:35", "text": "of like 17% or so to that area."}, {"start": "00:10:35", "end": "00:10:38", "text": "What's I think bigger than the price"}, {"start": "00:10:38", "end": "00:10:40", "text": "target out of this pattern we have is"}, {"start": "00:10:40", "end": "00:10:41", "text": "probably the Fibonacci that we've"}, {"start": "00:10:41", "end": "00:10:44", "text": "established. It's a swing low back here"}, {"start": "00:10:44", "end": "00:10:46", "text": "in June two swing high and it's just"}, {"start": "00:10:46", "end": "00:10:48", "text": "this area and it goes down to just"}, {"start": "00:10:48", "end": "00:10:52", "text": "around 61 to 62 cents."}, {"start": "00:10:52", "end": "00:10:54", "text": "That's an area that I am monitoring for"}, {"start": "00:10:54", "end": "00:10:56", "text": "Cardano and right confluent with that is"}, {"start": "00:10:56", "end": "00:10:59", "text": "the target of this pattern that we have."}, {"start": "00:10:59", "end": "00:11:00", "text": "So we c we can see the scenario."}, {"start": "00:11:00", "end": "00:11:03", "text": "Ethereum is dipping."}, {"start": "00:11:03", "end": "00:11:05", "text": "ADA is dipping."}, {"start": "00:11:05", "end": "00:11:07", "text": "They're trying to find their bottoms."}, {"start": "00:11:07", "end": "00:11:09", "text": "Risk scores, you know, look at this is"}, {"start": "00:11:09", "end": "00:11:10", "text": "the altcoin market cap risk score. So"}, {"start": "00:11:10", "end": "00:11:12", "text": "you can only imagine what this might be"}, {"start": "00:11:12", "end": "00:11:14", "text": "doing in a scenario where we actually"}, {"start": "00:11:14", "end": "00:11:16", "text": "are continuing this consolidation and"}, {"start": "00:11:16", "end": "00:11:19", "text": "dips. Cardano right now sitting at a 34."}, {"start": "00:11:19", "end": "00:11:21", "text": "You could imagine what the risk model"}, {"start": "00:11:21", "end": "00:11:23", "text": "might look like for Cardano. I mean, I"}, {"start": "00:11:23", "end": "00:11:25", "text": "was joking with the guys the other day."}, {"start": "00:11:25", "end": "00:11:27", "text": "I was I think yesterday maybe I was like"}, {"start": "00:11:27", "end": "00:11:28", "text": "we're going to need accumulation"}, {"start": "00:11:28", "end": "00:11:30", "text": "planner. It's on our road map but like"}, {"start": "00:11:30", "end": "00:11:32", "text": "we're going to need it sooner than later"}, {"start": "00:11:32", "end": "00:11:34", "text": "because we're closer to accumulation"}, {"start": "00:11:34", "end": "00:11:36", "text": "areas than we are even to exit areas."}, {"start": "00:11:36", "end": "00:11:38", "text": "It's crazy and it's because of the"}, {"start": "00:11:38", "end": "00:11:41", "text": "extended cycle. But going back to ADA,"}, {"start": "00:11:41", "end": "00:11:43", "text": "that's a price target I'm evaluating and"}, {"start": "00:11:43", "end": "00:11:45", "text": "monitoring for ADA. But what I wanted to"}, {"start": "00:11:45", "end": "00:11:47", "text": "make a note of is this. If you look and"}, {"start": "00:11:47", "end": "00:11:50", "text": "this this makes it a little bit more"}, {"start": "00:11:50", "end": "00:11:51", "text": "difficult than even something like"}, {"start": "00:11:51", "end": "00:11:54", "text": "Ethereum, but if we go back on this"}, {"start": "00:11:54", "end": "00:11:57", "text": "chart to the end of February, right,"}, {"start": "00:11:57", "end": "00:12:00", "text": "where we're kind of taking this piece of"}, {"start": "00:12:00", "end": "00:12:04", "text": "data, do you remember Trump's post? So,"}, {"start": "00:12:04", "end": "00:12:06", "text": "this this threw off the chart a little"}, {"start": "00:12:06", "end": "00:12:09", "text": "bit is what I'm trying to say. If if"}, {"start": "00:12:09", "end": "00:12:10", "text": "Trump didn't post that and we didn't get"}, {"start": "00:12:10", "end": "00:12:13", "text": "this really nice rally real quick, I"}, {"start": "00:12:13", "end": "00:12:15", "text": "always wonder where price action would"}, {"start": "00:12:15", "end": "00:12:17", "text": "have gone, right? in terms of from this"}, {"start": "00:12:17", "end": "00:12:19", "text": "moment forward, what would structure"}, {"start": "00:12:19", "end": "00:12:21", "text": "look like? Would it look not much"}, {"start": "00:12:21", "end": "00:12:23", "text": "different? Maybe we're just kind of like"}, {"start": "00:12:23", "end": "00:12:24", "text": "right here hobbling around and then"}, {"start": "00:12:24", "end": "00:12:27", "text": "falling. So, that's one thing that I,"}, {"start": "00:12:27", "end": "00:12:29", "text": "you know, I look at these charts, I try"}, {"start": "00:12:29", "end": "00:12:31", "text": "and do analysis. It's almost like you"}, {"start": "00:12:31", "end": "00:12:33", "text": "kind of just have to just remove this"}, {"start": "00:12:33", "end": "00:12:36", "text": "from all of it. But either way, I think"}, {"start": "00:12:36", "end": "00:12:39", "text": "one thing we've seen on on Cardano ever"}, {"start": "00:12:39", "end": "00:12:41", "text": "since we pumped out of those bare market"}, {"start": "00:12:41", "end": "00:12:44", "text": "low areas is this entire consolidation"}, {"start": "00:12:44", "end": "00:12:48", "text": "from December 2024 basically we've been"}, {"start": "00:12:48", "end": "00:12:51", "text": "in this general range which has been not"}, {"start": "00:12:51", "end": "00:12:54", "text": "even it's a very small range and so I"}, {"start": "00:12:54", "end": "00:12:56", "text": "think the higher low Fibonacci is a very"}, {"start": "00:12:56", "end": "00:12:57", "text": "important area since we've been"}, {"start": "00:12:57", "end": "00:12:59", "text": "consolidating for almost a year for ADA"}, {"start": "00:12:59", "end": "00:13:02", "text": "around this basically this price of 78"}, {"start": "00:13:02", "end": "00:13:04", "text": "cents which is why a lot of ADA holders"}, {"start": "00:13:04", "end": "00:13:06", "text": "are frustrated"}, {"start": "00:13:06", "end": "00:13:08", "text": "This higher low is a support area I"}, {"start": "00:13:08", "end": "00:13:10", "text": "think worth monitoring. And then"}, {"start": "00:13:10", "end": "00:13:12", "text": "obviously if things get really bad, this"}, {"start": "00:13:12", "end": "00:13:14", "text": "swing low that we did have back here in"}, {"start": "00:13:14", "end": "00:13:15", "text": "June"}, {"start": "00:13:15", "end": "00:13:19", "text": "and April of around 50 51 cents is an"}, {"start": "00:13:19", "end": "00:13:21", "text": "area we should watch for as well. So"}, {"start": "00:13:21", "end": "00:13:23", "text": "support potentially there. Things get"}, {"start": "00:13:23", "end": "00:13:26", "text": "crazy bad. Capitulation for altcoins."}, {"start": "00:13:26", "end": "00:13:28", "text": "You might see ADA just capitulate below"}, {"start": "00:13:28", "end": "00:13:30", "text": "that area. That might be the bottom. But"}, {"start": "00:13:30", "end": "00:13:31", "text": "you can see how this could make its way"}, {"start": "00:13:31", "end": "00:13:34", "text": "into October and then we're entering"}, {"start": "00:13:34", "end": "00:13:36", "text": "kind of a reset period for all of these"}, {"start": "00:13:36", "end": "00:13:38", "text": "charts. So I know this is very"}, {"start": "00:13:38", "end": "00:13:39", "text": "downsideminded,"}, {"start": "00:13:39", "end": "00:13:43", "text": "but we are in a downtrend and I'm"}, {"start": "00:13:43", "end": "00:13:45", "text": "macrominded. I'm macro bullish. You all"}, {"start": "00:13:45", "end": "00:13:47", "text": "know I am. We've been anticipating this"}, {"start": "00:13:47", "end": "00:13:50", "text": "dip. Anyway, I would like to just"}, {"start": "00:13:50", "end": "00:13:52", "text": "explore the possibilities that the dip"}, {"start": "00:13:52", "end": "00:13:55", "text": "might cons might continue in a similar"}, {"start": "00:13:55", "end": "00:13:58", "text": "fashion like we've like we've seen as it"}, {"start": "00:13:58", "end": "00:14:01", "text": "aligns with all of this data, the fear"}, {"start": "00:14:01", "end": "00:14:03", "text": "and greed index, the Ethereum Ethereum"}, {"start": "00:14:03", "end": "00:14:05", "text": "open interest and all that good stuff."}, {"start": "00:14:05", "end": "00:14:07", "text": "So, just hanging in there everybody."}, {"start": "00:14:07", "end": "00:14:09", "text": "I'll read this because this is kind of"}, {"start": "00:14:09", "end": "00:14:11", "text": "my sentiment for me. It's not a time to"}, {"start": "00:14:11", "end": "00:14:13", "text": "give up, complain or regret. It's a time"}, {"start": "00:14:13", "end": "00:14:15", "text": "to keep building and planning. I feel"}, {"start": "00:14:15", "end": "00:14:16", "text": "blessed and grateful to have ended up in"}, {"start": "00:14:16", "end": "00:14:18", "text": "the crypto space and I think there's a"}, {"start": "00:14:18", "end": "00:14:21", "text": "lot in store. I'm focused and that's"}, {"start": "00:14:21", "end": "00:14:23", "text": "that's what I'm doing. I get frustrated"}, {"start": "00:14:23", "end": "00:14:26", "text": "as well, you know, when when we zoom in"}, {"start": "00:14:26", "end": "00:14:28", "text": "and we look at these the price action"}, {"start": "00:14:28", "end": "00:14:29", "text": "here of these charts and we keep"}, {"start": "00:14:29", "end": "00:14:31", "text": "thinking we're going to break all-time"}, {"start": "00:14:31", "end": "00:14:32", "text": "highs on the altcoin market cap and it"}, {"start": "00:14:32", "end": "00:14:36", "text": "doesn't. I get it. But we can't sit in"}, {"start": "00:14:36", "end": "00:14:38", "text": "that frustration. There's it's a"}, {"start": "00:14:38", "end": "00:14:40", "text": "complete waste of time. We have to stay"}, {"start": "00:14:40", "end": "00:14:43", "text": "focused. I have to stay focused. I know"}, {"start": "00:14:43", "end": "00:14:44", "text": "what I think about the crypto space and"}, {"start": "00:14:44", "end": "00:14:47", "text": "the growth of the space and kind of"}, {"start": "00:14:47", "end": "00:14:49", "text": "that's what I'm focused on in terms of"}, {"start": "00:14:49", "end": "00:14:51", "text": "crypto itself. So, those are my"}, {"start": "00:14:51", "end": "00:14:52", "text": "thoughts. Hit the subscribe, hit the"}, {"start": "00:14:52", "end": "00:14:54", "text": "like on on the way out if you enjoyed"}, {"start": "00:14:54", "end": "00:14:56", "text": "the content. And if you're not in our"}, {"start": "00:14:56", "end": "00:14:58", "text": "intelligent system, get back there,"}, {"start": "00:14:58", "end": "00:15:00", "text": "explore our risk models, see what's"}, {"start": "00:15:00", "end": "00:15:02", "text": "going on with our risk models and start"}, {"start": "00:15:02", "end": "00:15:05", "text": "planning your exits. Or you can also"}, {"start": "00:15:05", "end": "00:15:07", "text": "start planning your accumulation based"}, {"start": "00:15:07", "end": "00:15:08", "text": "on these risk models as well if we're"}, {"start": "00:15:08", "end": "00:15:10", "text": "about to fall even more. So, appreciate"}, {"start": "00:15:10", "end": "00:15:12", "text": "you. I'll see you in the next video. God"}, {"start": "00:15:12", "end": "00:15:15", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Yo, what's up captains and cadetses? Welcome to another recap video. Man, look at this. Look at the marketplace, man. Things just keep on changing for"}, {"start": "00:00:06", "end": "00:00:11", "text": "the better. Um, now we have, you know, like the main like um title placard, whatever they think. Um, it will draw"}, {"start": "00:00:11", "end": "00:00:16", "text": "the most attention, but then you have the second ones that you can click on right down the bottom. Cool stuff, man. Today we're going to talk about the"}, {"start": "00:00:16", "end": "00:00:23", "text": "good, the bad, the ugly, all about Star Atlas. Without further ado, let's get into it. Let's go. Wap."}, {"start": "00:00:35", "end": "00:00:41", "text": "Yo, what's up muds, Onies, oosters, and anyone else that is new to Star Alice, man. Welcome. Um, you know, I was"}, {"start": "00:00:41", "end": "00:00:47", "text": "thinking I'm going to uh equate today's recap video to kind of like the Star Wars franchise, at least uh the original"}, {"start": "00:00:47", "end": "00:00:53", "text": "trilogy. Everyone's seen the, you know, Star Wars. Everyone's seen those first three movies. Um, and so I I was"}, {"start": "00:00:53", "end": "00:00:59", "text": "thinking about it. Um, so like this past Startless Summer, there was so much hype and the hype was fulfilled. We got a lot"}, {"start": "00:00:59", "end": "00:01:04", "text": "of just amazing information, a lot of cool gameplay. A lot of different things were released. Um, I just kind of think"}, {"start": "00:01:04", "end": "00:01:10", "text": "of that as like the New Hope movie. It was just like everything was new and shiny and awesome. You know, at the end"}, {"start": "00:01:10", "end": "00:01:16", "text": "of the movie, we blew up the Death Star, you know, like at the end of summer, everything was like Luke Skywalker wins."}, {"start": "00:01:16", "end": "00:01:22", "text": "Let's have a huge celebration. Everyone gets medals except for Chewbacca. Woo! you know. Um, and uh, yeah, now we're"}, {"start": "00:01:22", "end": "00:01:27", "text": "kind of like in like it's weird like just the community sentiment, you know. It's like we're a little bit into like"}, {"start": "00:01:27", "end": "00:01:34", "text": "Empires, you know, like we still we still love like every we love everything and you know, sometimes a lot of people say Empire is the best movie of all, but"}, {"start": "00:01:34", "end": "00:01:41", "text": "you know, now we're kind of like, you know, we're like, you know, the dark side's kind of winning. you know, it's, you know, it's September and, you know,"}, {"start": "00:01:41", "end": "00:01:47", "text": "whether it's like truly every single September goes down for a certain reason or in crypto or if, you know, we just"}, {"start": "00:01:47", "end": "00:01:53", "text": "kind of like make it happen, you know, it's kind of like a self-fulfilled prophecy, you know, like crypto sentiment just kind of, you know, always"}, {"start": "00:01:53", "end": "00:01:59", "text": "like crashes and everyone's just like, you know, b down the hatches, wait for October. Um, that along with um some"}, {"start": "00:01:59", "end": "00:02:05", "text": "other, you know, like I don't know, like community feedback about like how they feel about like, you know, Star Atlas uh"}, {"start": "00:02:05", "end": "00:02:11", "text": "in a whole. We had, we're going to talk about it, but we had Natlas Brew where people were kind of giving their like, you know, certain number ratio between 1"}, {"start": "00:02:11", "end": "00:02:18", "text": "through 10, what their sentiment was for all the different games and stuff like that. We'll talk about that in a minute. You know, things were a little bit lower. Hollis had a lot of bugs. Zinc is"}, {"start": "00:02:18", "end": "00:02:23", "text": "kind of having a delay being um released for the farming, you know, like the whole entire like zinc zinc campaign"}, {"start": "00:02:23", "end": "00:02:30", "text": "that we were all excited about for September. Um, so it's kind of like Empires, you know,"}, {"start": "00:02:31", "end": "00:02:36", "text": "things, you know, like, you know, aren't going as planned for, you know, the rebels, you know, like, you know, Han"}, {"start": "00:02:36", "end": "00:02:42", "text": "Solo gets, you know, nabbed by Boba Fett and he's stuck in some carbonite. Yo, what's up, man? We got to go save Han"}, {"start": "00:02:42", "end": "00:02:48", "text": "Solo. And all of a sudden, Luke Skywalker finds out that Darth Vader was his dad. What?"}, {"start": "00:02:48", "end": "00:02:53", "text": "What's up with that, man? He gets his hand cut off. He falls down a hole, you know? So, you know, things are kind of"}, {"start": "00:02:53", "end": "00:03:00", "text": "like that right now. But don't worry, man, because we still got a lot coming up for, you know, by the end of the year. We got Jedi coming up, man. Things"}, {"start": "00:03:00", "end": "00:03:06", "text": "are going to just start flying at us, and we're just going to be like so excited about everything. Uh, we might"}, {"start": "00:03:06", "end": "00:03:11", "text": "get C4, we might not get C4, but we have some stuff we're going to talk about that Jose was talking about coming at us"}, {"start": "00:03:11", "end": "00:03:16", "text": "um for the uh single player campaign from Gallalia. This looks like it's going to be a lot of fun. It's supposed"}, {"start": "00:03:16", "end": "00:03:22", "text": "to come to us maybe by Christmas. Woohoo. And we still got the Zinc campaign coming at us. um does just like"}, {"start": "00:03:22", "end": "00:03:28", "text": "a lot of exciting stuff on top of an October uh release for the UE5 game. So, you know what? We're kind of looking"}, {"start": "00:03:28", "end": "00:03:35", "text": "forward to this whole entire Return of the Jedi, right? We're going to have, you know, we're going to have fuzzy little Ewoks. Our man Han Solo is"}, {"start": "00:03:35", "end": "00:03:40", "text": "finally, you know, finally going to fall in love. We're going to have Princess Leia in a metal bikini. Things are going"}, {"start": "00:03:40", "end": "00:03:46", "text": "to be awesome for the rest of the year. So, let's just get through this recap. We're going to talk about the Empire Strikes Back section of the uh you know,"}, {"start": "00:03:46", "end": "00:03:51", "text": "Star Atlas universe. And uh I can't wait for the next recap. we have a lot more positive things to talk about. Not that"}, {"start": "00:03:51", "end": "00:03:57", "text": "everything today is going to be negative. We're just going to poke on some negative things. So, let's get into it. Let's go. All right. So, the first"}, {"start": "00:03:57", "end": "00:04:02", "text": "thing I want to talk about is the big patch that was uh released for um"}, {"start": "00:04:02", "end": "00:04:08", "text": "Starbase. Um we're going to read through it in just a second, but um I want to mention that when the during the Atlas"}, {"start": "00:04:08", "end": "00:04:14", "text": "Brew and people asked about um what their feelings were about Starbased, um I guess there has been a lot of"}, {"start": "00:04:14", "end": "00:04:20", "text": "discussion about these Phantom bases right here. So, the phantom bases have been um recently added after one of the"}, {"start": "00:04:20", "end": "00:04:27", "text": "town halls. And what they were supposed to do is they were supposed to um give um continuous gameplay for the factions"}, {"start": "00:04:27", "end": "00:04:32", "text": "that already have all their bases completed. So, all the bases that have been leveled up to five, you can't level"}, {"start": "00:04:32", "end": "00:04:37", "text": "them up anymore. So, how do you, you know, keep on making XP with those factions? So, um they put on these"}, {"start": "00:04:37", "end": "00:04:43", "text": "phantom bases. And if you are to upgrade those bases, here we go. You have like an endless supply of all these different"}, {"start": "00:04:43", "end": "00:04:49", "text": "components that you can add, like an infinite supply. And uh you know you can continuously get LP. Um on top of that"}, {"start": "00:04:49", "end": "00:04:56", "text": "if you make ink and play in UE5 you can bring over your ink right here and commit the ef efforts and you can actually make LP by a lot of LP by um"}, {"start": "00:04:56", "end": "00:05:02", "text": "throwing in your ink. So it was really cool like tie-in right but I guess what happened is um you know for we'll just"}, {"start": "00:05:02", "end": "00:05:09", "text": "use doesn't have all their bases leveled up. Um this is going to be a big no no if we come to C4 and the bases aren't"}, {"start": "00:05:09", "end": "00:05:15", "text": "leveled up in for instance because those bases that are level five will carry over into um once C4 gets started. Um,"}, {"start": "00:05:15", "end": "00:05:21", "text": "so you start off with, you know, leveled up bases. So what happens or what's happening is everyone's getting lazy and"}, {"start": "00:05:21", "end": "00:05:28", "text": "they're just auto setting all their uh, you know, their their mining and shipping and everything like that. All go to the base instead of leveling up"}, {"start": "00:05:28", "end": "00:05:34", "text": "the, you know, the the bases on the outer reaches that still need to be leveled up. And they're just like just, you know, being lazy and taking in their"}, {"start": "00:05:34", "end": "00:05:40", "text": "LP without uh, working with their faction. Um, now I don't have a big enough um, uh, fleet down here to"}, {"start": "00:05:40", "end": "00:05:47", "text": "actually really be taking in any of this. So like all I I used to be an SDU uh farmer. I was really into SDUs and"}, {"start": "00:05:47", "end": "00:05:52", "text": "the economics team changed a lot of stuff that um made SDU profitable and I"}, {"start": "00:05:52", "end": "00:05:59", "text": "got slammed and the prices of SDU went way down because they changed the way the fix work and where I was making like"}, {"start": "00:05:59", "end": "00:06:05", "text": "I was making okay money like around $15 or something like that a day playing Star Atlas. Uh I'm almost breaking now"}, {"start": "00:06:05", "end": "00:06:11", "text": "now I've tried all sorts of different stuff. I'm barely breaking even. Sometimes I make like $1 a day. Um, so I"}, {"start": "00:06:11", "end": "00:06:19", "text": "really wish SDUs weren't changed. I'm surprised a lot of more people didn't complain about uh the way that all worked. Um, but boy, I uh, you know, us"}, {"start": "00:06:19", "end": "00:06:25", "text": "small to medium players that um, found SDUs being profitable got completely uh, uh, shafted."}, {"start": "00:06:25", "end": "00:06:32", "text": "And I know it was a lot of the whales were complaining because they don't have the time to look for SDUs that they didn't like SDUs in the recipes. But man, that really helped us. That's how I"}, {"start": "00:06:32", "end": "00:06:37", "text": "actually, if you remember, um, sorry to get I'm going to be on a lot of soap boxes today, but I was uh, I was doing"}, {"start": "00:06:37", "end": "00:06:43", "text": "my zero to hero with the fleet rentals. Um, that's actually how I was able to be profitable was looking for SDUs. Um, but"}, {"start": "00:06:43", "end": "00:06:50", "text": "I tried um I tried a bunch of different things, mining for all sorts of different things. I went back to try to see, oh, maybe SDUs are more profitable."}, {"start": "00:06:50", "end": "00:06:55", "text": "Maybe I'll try different, you know, different areas if that and that didn't work. So, I'm back to like basically mining hydrogen auto set it and forget"}, {"start": "00:06:55", "end": "00:07:02", "text": "it. All my fleets just right here, you know, mining hydrogen. Really boring. But that's I think what a lot of people feel um is going on with Starbase."}, {"start": "00:07:02", "end": "00:07:08", "text": "They're just like, you know, getting um, you know, getting all the automated uh things, whether they're using, you know, Atom or the slide tool, just automating"}, {"start": "00:07:08", "end": "00:07:14", "text": "their fleets, not really playing the game, just waiting for C4. It's just a wait game right now and the game got like super boring for a lot of people."}, {"start": "00:07:14", "end": "00:07:21", "text": "So, that's what uh people are complaining about. But, let's look at the I I've yet to read it. Let's look at the patch notes and see what changed."}, {"start": "00:07:21", "end": "00:07:27", "text": "Uh, maybe I can even, you know, maybe something there I could see that could help me be more profitable. I don't know. Let's go jump into it. It's on"}, {"start": "00:07:27", "end": "00:07:34", "text": "Discord. And let's check it out. All right. So, here it is put out by Dominic Bain, but it was uh compiled by the"}, {"start": "00:07:34", "end": "00:07:40", "text": "economics team with all the data they got. Um, it says, \"Hey everyone, um, we've got major stage update dropping"}, {"start": "00:07:40", "end": "00:07:47", "text": "later this week, so it's already dropped. Um, be sure to read through the full patch notes so nothing catches you by surprise. Let's get into it. Um,"}, {"start": "00:07:47", "end": "00:07:52", "text": "crafting fees. We're alleviating fee pressure that especially impacts players with smaller fleets.\" Oh, that's me. Um,"}, {"start": "00:07:52", "end": "00:07:59", "text": "this change may seem small, but equates to a reduction in fees for each player by up to 29%. Oh, that's awesome, man."}, {"start": "00:07:59", "end": "00:08:04", "text": "Um, so I've been, you know, just being a hydrogen farmer. Um, so maybe I should start I have a lot of crew members just"}, {"start": "00:08:04", "end": "00:08:11", "text": "sitting there not doing any crafting. Um, I I can't seem to make a profit on crafting either. I've been buying, selling, trying to like mine different"}, {"start": "00:08:11", "end": "00:08:17", "text": "things and trying to craft. I can't make a profit. So maybe now maybe I could put my crafters to work and maybe even just even craft fuel with all that hydrogen"}, {"start": "00:08:17", "end": "00:08:24", "text": "I'm getting. Maybe I might see a better profit doing that. Um, reduced crafting fee from 7% to 5%. Um, ship redemption"}, {"start": "00:08:24", "end": "00:08:30", "text": "refill. We're bringing back the Fimble Mamba X to be redeemable again. This new recipe is far more intensive by about"}, {"start": "00:08:30", "end": "00:08:37", "text": "20x than the previous recipe. But that isn't without reason. One, we're working towards a more sustainable sage economy."}, {"start": "00:08:37", "end": "00:08:43", "text": "So, we're moving to a more conservative version of the economy over the next several weeks and months. The value of"}, {"start": "00:08:43", "end": "00:08:49", "text": "the Fimble Mamba X has declined over time, and we are doing our part to bolster that value. The entire ship"}, {"start": "00:08:49", "end": "00:08:55", "text": "crafting loop um is being reintroduced as more of a fun gameplay feature. uh"}, {"start": "00:08:55", "end": "00:09:00", "text": "more so it it is meant to um to compete with other mechanics such as contracts"}, {"start": "00:09:00", "end": "00:09:08", "text": "and LP. Our goal is to provide players with something fun to do outside of the main loops. Um refilling fa um mamba x"}, {"start": "00:09:08", "end": "00:09:14", "text": "redemption recipe. U refilled the fa um mamba x recipe. Okay. Upgrading LP"}, {"start": "00:09:14", "end": "00:09:20", "text": "adjustments. This is very important. Um we're updating every upgrading ingredient besides ink with a new"}, {"start": "00:09:20", "end": "00:09:27", "text": "respective LP reward value. um new LP rewards are now. And I'm not going to read all of this because it'll add a lot"}, {"start": "00:09:27", "end": "00:09:33", "text": "of length to my video, but you can um pause the video if you want or go to Star Atlas Discord and check this all out right here. Um I do notice right"}, {"start": "00:09:33", "end": "00:09:38", "text": "here, I was just complaining about SDUs and up um SDUs are going from 1,100 to"}, {"start": "00:09:38", "end": "00:09:45", "text": "2,763. So, I wonder if maybe I should um change my tactic, go back to going, you know,"}, {"start": "00:09:45", "end": "00:09:50", "text": "scanning for STUs, but bring them all back to one of the bases to upgrade. Um and maybe I'll, you know, be able to get"}, {"start": "00:09:50", "end": "00:09:55", "text": "the LP. actually never played the LP reward since the beginning of the game cuz I got so like I was losing so much"}, {"start": "00:09:55", "end": "00:10:01", "text": "money. Um and that was back when like you know you had to add the you know like the food and the tool kits and all that um to get the base running to you"}, {"start": "00:10:01", "end": "00:10:08", "text": "know be able to do the LP and it was like so like not good. So maybe I should go back and uh and try that. One of the"}, {"start": "00:10:08", "end": "00:10:13", "text": "going back to um my SDU soap box um one of the things that made the game more"}, {"start": "00:10:13", "end": "00:10:20", "text": "fun for me by like having SDUs for something for the smaller player to do was you you know you still have to get all you know um your food out to some"}, {"start": "00:10:20", "end": "00:10:27", "text": "area and your fuel out to some area so you can you know keep your ships going to like one of the outer star bases. Um, so you constantly have to figure out how"}, {"start": "00:10:27", "end": "00:10:33", "text": "to uh, you know, how to work all that through, you know, your your whole entire pipeline to like keep, you know, those SDU ships um, being active and"}, {"start": "00:10:33", "end": "00:10:39", "text": "actually added kind of a fun little um, game loop for me and also like trying to hunt for those SDUs. Where's the best"}, {"start": "00:10:39", "end": "00:10:45", "text": "place to send your SDUs on the map and stuff like that that, you know, I got to use a lot of uh, you know, a lot of um,"}, {"start": "00:10:45", "end": "00:10:50", "text": "EVI to try to figure that out. It was a lot lot more fun when I was, you know, when SDUs were profitable for me"}, {"start": "00:10:50", "end": "00:10:57", "text": "personally. I I actually was having a blast playing Starbase and when the food changes were uh you know switched for"}, {"start": "00:10:57", "end": "00:11:03", "text": "SDUs uh shipped and then the um and then like the fix the fixer what really killed it when the when the the fix got"}, {"start": "00:11:03", "end": "00:11:08", "text": "recipe got changed the SDU value dropped so quick um and yeah SDUs ended up being"}, {"start": "00:11:08", "end": "00:11:14", "text": "nonprofitable instead of profitable it was a bummer. Um so let's keep on going. Sorry about my soap box. um LP"}, {"start": "00:11:14", "end": "00:11:21", "text": "adjustment logic. For those of you um interested in logic um used to arrive at the um above LP adjustment numbers, um"}, {"start": "00:11:21", "end": "00:11:27", "text": "how they came to this is that they calculated recipe impact, the value of the recipe. That's a secret. Um they"}, {"start": "00:11:27", "end": "00:11:34", "text": "calculated the average impact excluding ink. They calculated the initial uh multiplier, but I'm not going to read"}, {"start": "00:11:34", "end": "00:11:41", "text": "all of that, but that's a scaling mechanism. Um calculated the adjustment multiplier, and then there's all that junk right there. and very intelligent"}, {"start": "00:11:41", "end": "00:11:48", "text": "junk but junk for me to read online. Uh dampen shock by applying a 50% reduction in change and then they calculated the"}, {"start": "00:11:48", "end": "00:11:54", "text": "new LP and then that adjustment multiplier times the old LP. Okay, so that's how they came um to where they"}, {"start": "00:11:54", "end": "00:12:00", "text": "came to for this. But there was another um another update shortly after. Uh"}, {"start": "00:12:00", "end": "00:12:05", "text": "let's click on that. So just a few days later, there was another patch update. It says, \"Hey everyone, the above update"}, {"start": "00:12:05", "end": "00:12:12", "text": "is now live. We heard your feedback on the last notes and made some adjustments. We truly appreciate the passion you bring to every update. We're"}, {"start": "00:12:12", "end": "00:12:18", "text": "always looking to make things the best they can be. Take a look at the new LP reward value. And so they looks like"}, {"start": "00:12:18", "end": "00:12:24", "text": "they changed a bunch of stuff. Uh oh man, they lowered SDU upgrade. So"}, {"start": "00:12:24", "end": "00:12:29", "text": "y So yeah, so there's, you know, so things"}, {"start": "00:12:29", "end": "00:12:36", "text": "got changed um for, you know, the probably the better, you know, cuz people smarter than me. um that uh"}, {"start": "00:12:36", "end": "00:12:43", "text": "crunch numbers um you know said some stuff to the team and they probably had validated opinions of of why and that's"}, {"start": "00:12:43", "end": "00:12:48", "text": "why the numbers got changed. So I probably that's only a tiny little bit of difference for this SDU upgrade. Man,"}, {"start": "00:12:48", "end": "00:12:53", "text": "I was excited, man. I was going to I was going to go right back into scanning for SDUs after this video, but uh I don't"}, {"start": "00:12:53", "end": "00:12:58", "text": "know if it's really worth it with only that like slight little bit. All right, so what's next?"}, {"start": "00:12:58", "end": "00:13:03", "text": "All right, zinc. zinc. I actually was hoping um you know we'd talk a little bit more about zinc um in the most"}, {"start": "00:13:03", "end": "00:13:09", "text": "recent um Atlas to see what was exactly going on with Zinc, but if we um pop"}, {"start": "00:13:09", "end": "00:13:15", "text": "over to their X page right here, we can see that um nothing's been updated since August 14th."}, {"start": "00:13:15", "end": "00:13:21", "text": "Um so, you know, we're all still kind of waiting to, you know, to hear um when this is going to be released. I'm This"}, {"start": "00:13:21", "end": "00:13:27", "text": "is a very complicated thing. They are about to, you know, to give out to the world, you know, a brand new blockchain"}, {"start": "00:13:27", "end": "00:13:34", "text": "and farming for the blockchain. So, I'm sure the team has to do it, right? Um, so delays are expected, right? So, we're waiting waiting on that. Uh, I'm going"}, {"start": "00:13:34", "end": "00:13:39", "text": "to talk about Hollow Sim and I'm going to get on my soul box again about that. So, before we do, let's talk about something kind of cool. Let's talk about"}, {"start": "00:13:39", "end": "00:13:45", "text": "a positive thing first. Um, let's go over to the world of Gallia. So, um, if"}, {"start": "00:13:45", "end": "00:13:51", "text": "you guys have not um, watched this lore keepers uh, episode right here um, hosted by Jose, the head lore writer for"}, {"start": "00:13:51", "end": "00:13:58", "text": "Star Atlas, this was crazy. I posted about it on X on my X account um, that everyone should watch it. Um, he throws"}, {"start": "00:13:58", "end": "00:14:04", "text": "out some insane alpha. Um, it was like stuff that should have only been talked about in the town hall almost and he did"}, {"start": "00:14:04", "end": "00:14:09", "text": "it in the lore episode. I hope he didn't get in trouble for it actually. I don't think he did because um when I posted"}, {"start": "00:14:09", "end": "00:14:15", "text": "that you should watch it um Mike Wagnes CEO um I think he either reposted my post or like made a comment on it how"}, {"start": "00:14:15", "end": "00:14:20", "text": "important that uh this lore keepers um episode was. But um I want to play what"}, {"start": "00:14:20", "end": "00:14:25", "text": "Jose is talking about. So in the UE5 game you can go into the world of Gallia. It's a solo player campaign. and"}, {"start": "00:14:25", "end": "00:14:31", "text": "you can do some mining and you can run some um missions, which I'm going to actually make an episode about that. I think that might be my next episode cuz"}, {"start": "00:14:31", "end": "00:14:36", "text": "I've never actually run the missions. And I love Brad aka Magic Puncher who actually is the game designer for all of"}, {"start": "00:14:36", "end": "00:14:43", "text": "this. And I've never done it yet, like since the town hall. I've just been so crazy busy and things have been going nutty and stuff like that uh in my life."}, {"start": "00:14:43", "end": "00:14:48", "text": "Um so I want to actually like run those campaigns for the first time and record them. But there's going to be even a"}, {"start": "00:14:48", "end": "00:14:54", "text": "cooler solar campaign. So Jose's working with with Brad on this new um solo"}, {"start": "00:14:54", "end": "00:15:00", "text": "campaign. So, what I want to do is I want to actually play what we can expect. Um, but um Jose's um uh"}, {"start": "00:15:00", "end": "00:15:06", "text": "explanation. I love listening to him speak, but it's it's pretty lengthy and he Jose love him, but he gets all"}, {"start": "00:15:06", "end": "00:15:11", "text": "distracted all the time about what's going on in the chat. So, it's like he'll say like he'll start talking and then he responds to the chat, start"}, {"start": "00:15:11", "end": "00:15:17", "text": "talking, respond to the chat. So, um there's a more concise version um of what um he said um that we could"}, {"start": "00:15:17", "end": "00:15:25", "text": "actually utilize and that is by one of my buddies Matt. So Matt does these really uh pretty cool um shortened"}, {"start": "00:15:25", "end": "00:15:31", "text": "recaps um of each one of the um Star Atlas um uh Atlas Brew episodes. And"}, {"start": "00:15:31", "end": "00:15:38", "text": "look at this. He he even did um the most recent monthly builder. I haven't listened to that yet. Um and he does the lore episode. So what you can do is if"}, {"start": "00:15:38", "end": "00:15:45", "text": "you don't think you have the time, it's like um what um Beth, one of the community members of Star Atlas, used to do like too long, didn't read the TLDDR"}, {"start": "00:15:45", "end": "00:15:52", "text": "um version. Um, so look at that. Like he he takes like a hour plus episode and is able to um put it down to six minutes."}, {"start": "00:15:52", "end": "00:15:58", "text": "So if you just want to a quick gist on what everyone talked about and uh you know you don't feel like listening to the whole Atlas Brew and or you just"}, {"start": "00:15:58", "end": "00:16:05", "text": "want to kind of like a synopsis of it so you can decide if you want to take the time to listen to some of like the things like this lore keepers. Um man,"}, {"start": "00:16:05", "end": "00:16:10", "text": "make sure you're subscribed to Intergalactic Herald. Um this is you know it's pretty cool that he puts these"}, {"start": "00:16:10", "end": "00:16:15", "text": "out. So, um, what I'm going to do is I am just going to play the audio of what"}, {"start": "00:16:15", "end": "00:16:22", "text": "we can expect for Gallia. And, um, instead of just staring at the screen like this, I'm just going to, um, play some footage of what it's like flying"}, {"start": "00:16:22", "end": "00:16:27", "text": "around Gallalia, um, while we listen. So, it's just a few minutes, um, but it's worth totally worth a listen. All"}, {"start": "00:16:27", "end": "00:16:34", "text": "right, let's check it out. Man, for all you OGs who dreamed of exploring new worlds and delving into deep lore,"}, {"start": "00:16:34", "end": "00:16:39", "text": "that dream is getting a tangible boost. The team revealed they're pouring more internal love into Project Galia,"}, {"start": "00:16:39", "end": "00:16:45", "text": "specifically a solo campaign experience that's getting an RPG approach. Picture this. You start as a single character in"}, {"start": "00:16:45", "end": "00:16:51", "text": "the Arctia sector, an area bordering mud and ster civilizations. This mission is a full story where you'll upgrade your"}, {"start": "00:16:51", "end": "00:16:57", "text": "character, find new weapons, craft ships, and get to explore, mine, and scan. Essentially everything Brad has"}, {"start": "00:16:57", "end": "00:17:03", "text": "shown in his gameplay trailers, but now with a clear narrative purpose. They even gave us a sneak peek into the"}, {"start": "00:17:03", "end": "00:17:09", "text": "opening mission. You, as a MUD special forces holy servant, are sent to investigate a silent sector after a"}, {"start": "00:17:09", "end": "00:17:15", "text": "strange vessel appeared. You get ambushed by Jarvik pirates, crash land on a dangerous jungle planet with an"}, {"start": "00:17:15", "end": "00:17:21", "text": "alien versus predator vibe, and your first goal is to escape. This planet is super weird with jungles right next to"}, {"start": "00:17:21", "end": "00:17:27", "text": "lava fields and strangely sparse life despite rich resources. You'll need to learn the crafting system, scavenge for"}, {"start": "00:17:27", "end": "00:17:32", "text": "an airbike, and make your way to a star base, which by the way isn't your usual friendly outpost. The goal is for this"}, {"start": "00:17:32", "end": "00:17:39", "text": "to be an ongoing campaign with procedurally generated quests for freight mining and bounty hunting. So you'll never run out of things to do."}, {"start": "00:17:39", "end": "00:17:45", "text": "And best part, while it's starting with mudlore as a prototype, the goal is to expand this to all factions. Imagine"}, {"start": "00:17:45", "end": "00:17:51", "text": "playing as an oni or ster with the story adapting to your crew members. As for the economy, while direct INK to earn"}, {"start": "00:17:51", "end": "00:17:57", "text": "might not be there immediately, think unique skins or special items as rewards for completing the main campaign,"}, {"start": "00:17:57", "end": "00:18:02", "text": "potentially leading to custom items or XP exclusive to the single player experience later on. Brad and the team"}, {"start": "00:18:02", "end": "00:18:10", "text": "are aiming for an MVP of this campaign by the end of the year. So, you might be celebrating the holidays with some Unreal Engine fivestar Atlas goodness."}, {"start": "00:18:10", "end": "00:18:16", "text": "All right, so that was awesome stuff. Um, I'm very excited about it. If that comes out before Christmas, what a Christmas present to all of us, right? I"}, {"start": "00:18:16", "end": "00:18:22", "text": "think that this will be like just uniquely uh a huge um leap for uh you"}, {"start": "00:18:22", "end": "00:18:27", "text": "know for the whole entire vision of Star Atlas. Um having a single player campaign like this that we can all like"}, {"start": "00:18:27", "end": "00:18:33", "text": "kind of jump in and do and it'll be I think a great release for um for Epic Games you know that people can download"}, {"start": "00:18:33", "end": "00:18:38", "text": "the game and you know do this little solo campaign and you know get to know the game and then after they're done they can jump in and play the first"}, {"start": "00:18:38", "end": "00:18:45", "text": "person shooter or the racing and stuff like that. Um because this was, you know, one of the things that people talked about um in when it came to um"}, {"start": "00:18:45", "end": "00:18:51", "text": "what they didn't like about the UE5 idea was that the main vision was space exploration very much, you know, like"}, {"start": "00:18:51", "end": "00:18:57", "text": "Star Citizen where you can go off into the universe and do all sorts of fun stuff. And while we have these um other"}, {"start": "00:18:57", "end": "00:19:02", "text": "um things going on like first person shooter racing, that's all part of the game mechanics of the overall game that we're going to see in the future. Um"}, {"start": "00:19:02", "end": "00:19:10", "text": "people want to see more of some solo single player stuff that people can jump in the game and play. So cool stuff, man. Thank you. Magic Puncher aka Brad"}, {"start": "00:19:10", "end": "00:19:15", "text": "aka Magic Puncher and Jose. Thank you so much for uh working on that and thank you any of the team that's also involved"}, {"start": "00:19:15", "end": "00:19:20", "text": "in working on that. I'm sure there's a lot of people that will have to make uh that all like come together in the end."}, {"start": "00:19:20", "end": "00:19:25", "text": "Um so let's go into Hollow Sim. So the Hollow Sim um leaderboard campaign has"}, {"start": "00:19:25", "end": "00:19:31", "text": "ended. So I believe that this is for our whole entire um reward system that we"}, {"start": "00:19:31", "end": "00:19:38", "text": "had going. Um let me look at that for a sec. Hold on. So here we go. So, the hollow sim um season 1 chapter 1 um way"}, {"start": "00:19:38", "end": "00:19:44", "text": "to earn on the whole entire game. So, the leaderboard has ended. Um but you can still play the game and you can play the game. I believe it's the first"}, {"start": "00:19:44", "end": "00:19:51", "text": "person person to reach um 10 million is going like you can see right here that um was was in the lead for quite a while"}, {"start": "00:19:51", "end": "00:19:56", "text": "but it looks like now on is taking the lead. Uh I think mud got gained up on it sounds like and their bases got"}, {"start": "00:19:56", "end": "00:20:01", "text": "destroyed and things like that. So, they are dragging hard. Um so it'll be it's between and on it looks like first um"}, {"start": "00:20:01", "end": "00:20:07", "text": "faction to win 10,000 claims the crown. But if we go into um this right here um"}, {"start": "00:20:07", "end": "00:20:12", "text": "we can kind of get an idea of who won what. Now we'll talk about this and then we'll talk a little bit about the drama"}, {"start": "00:20:12", "end": "00:20:17", "text": "that goes along with it. But the top 15 thou um 1500 players on the Hollis leaderboard we had the first place gets"}, {"start": "00:20:17", "end": "00:20:25", "text": "300 USDC an Armstrong imp tap and 5x platinum five crew packs. So that's a"}, {"start": "00:20:25", "end": "00:20:33", "text": "lot of dough they won right there in plus.02 O2 Salana. The second place got 200 USDs, an Armstrong imp tip, and"}, {"start": "00:20:33", "end": "00:20:38", "text": "three um platinum 5 crew packs and some Salana. Um third place got 150 USD"}, {"start": "00:20:38", "end": "00:20:45", "text": "calico Scud Platinum 5 crew pack. And fourth through 10th got 100 USD, the Calico Maxhog and a gold five crew pack."}, {"start": "00:20:45", "end": "00:20:51", "text": "Um 11th through 50th gets um 50 um USD Visa Solos and five crew pack. Um 51"}, {"start": "00:20:51", "end": "00:20:58", "text": "through 500, this is where I fall in. um gets $5 USDC each and a silver one crew"}, {"start": "00:20:58", "end": "00:21:06", "text": "card pack. Um and then 500 um through 1 through 15 1,500th gets one buck and 002"}, {"start": "00:21:06", "end": "00:21:12", "text": "Salana and everyone gets this uh amazing amazing um the first thousand players"}, {"start": "00:21:12", "end": "00:21:18", "text": "I'm sorry gets this amazing skin right here. And that's really what I was after. I was after the skin. Uh and what happened to me, let's go back over here."}, {"start": "00:21:18", "end": "00:21:24", "text": "What happened is I had a rough start and I knew I wasn't going to do very good and I had about a week into it. I had to"}, {"start": "00:21:24", "end": "00:21:29", "text": "start all over. I started playing on and everything got completely ru like just things like I did something wrong with"}, {"start": "00:21:29", "end": "00:21:34", "text": "my uh my character creation and I wasn't getting crew members. Um I talked about this um already but then I had to start"}, {"start": "00:21:34", "end": "00:21:42", "text": "all over and I couldn't even look at Oni anymore. So I I went into uh and I ended up my rank was 371. So I'll get um you"}, {"start": "00:21:42", "end": "00:21:48", "text": "know I'll get what I just talked about. And what I was really after was that skin cuz I I I think that skin is just so sweet. I can't wait till skins are"}, {"start": "00:21:48", "end": "00:21:53", "text": "put in the game cuz I'm going to definitely utilize that bright yellow soul flare skin on my solos. I love it."}, {"start": "00:21:53", "end": "00:21:58", "text": "Now, um let's look at the global rank right here. Right here are the leaders."}, {"start": "00:21:58", "end": "00:22:05", "text": "Uh fix alts for chapter 2. It says Dr. Hines and uh Dan Danx um were the top um"}, {"start": "00:22:05", "end": "00:22:11", "text": "on the top leaderboard right here. They're the ones that are going to get the big prizes. And then you can see like pretty much the top 10. Um, now"}, {"start": "00:22:11", "end": "00:22:17", "text": "what I what I found out I I actually stopped playing last weekend when like the whole game crashed and I haven't"}, {"start": "00:22:17", "end": "00:22:23", "text": "this is the first time I booted up the game since it crashed. Um, because I I just for me for me I uh I talk about"}, {"start": "00:22:23", "end": "00:22:29", "text": "this a lot too. I work 60 hours a week on my normal job. 60 hours is a lot. A lot of you guys out there only work like 40 maybe and a lot of people work at"}, {"start": "00:22:29", "end": "00:22:36", "text": "home. I work outside doing physical labor for 60 hours a week. I come home, I'm super super tired. Um, and uh I only"}, {"start": "00:22:36", "end": "00:22:45", "text": "have a short amount of time to hang out with my son and everything like that. And so playing, grinding, the way you had to grind for food, fuel, and ammo uh"}, {"start": "00:22:45", "end": "00:22:51", "text": "in this game, like this version of Hollow Sim made it not as much fun as when I played season 1. I was so having"}, {"start": "00:22:51", "end": "00:22:56", "text": "so much fun in season 1. And then, you know, and then and uh you know, season one made me feel like, so this is what"}, {"start": "00:22:56", "end": "00:23:02", "text": "it's like to be a whale playing Starbased, you know, like this is like that's what Holim made it feel like. Like, wow, whales have it so easy when"}, {"start": "00:23:02", "end": "00:23:08", "text": "you know, everything like you know, like it's so you know, you have things just come to you so much quicker, you And and I'm not saying that uh you know whales"}, {"start": "00:23:08", "end": "00:23:15", "text": "have to fork over a lot of like real physical like real world money in order to to feel like that you know but that's what when you when you have everything"}, {"start": "00:23:15", "end": "00:23:20", "text": "working um and you have you know you're like things move faster and this and that and are able to uh you know"}, {"start": "00:23:20", "end": "00:23:28", "text": "actually make a nice supply chain and stuff like that. It made the game really fun. Well my supply chain was like 100% just pretty much making uh my food fuel"}, {"start": "00:23:28", "end": "00:23:35", "text": "and ammo. It was so hard to actually play the game. I was like how the heck is everyone actually you know going up and getting so much XP um playing this"}, {"start": "00:23:35", "end": "00:23:41", "text": "game? like how are they excelling so fast? And and uh I when the game crashed, I went on um on on startless"}, {"start": "00:23:41", "end": "00:23:47", "text": "discord was reading the whole entire like hollow, you know, the hollow sim discord like what everyone was talking about in the chat and I realized what"}, {"start": "00:23:47", "end": "00:23:54", "text": "there was a big argument going on. I realized so this is what they're doing. People are cheating on the game. People were cheating on Hollow Sim. It's a"}, {"start": "00:23:54", "end": "00:24:00", "text": "free-to-play game that's supposed to be fun and there was a really cool campaign that you know Soulflare like got involved in. It was so like pretty high"}, {"start": "00:24:00", "end": "00:24:07", "text": "profile because Soulflare was involved and people cheated man and so shame this is my opinion. Shame on you for"}, {"start": "00:24:07", "end": "00:24:12", "text": "cheating, man. Like, what the heck, man? So, what they did is this is how they cheated. And and apparently a lot of"}, {"start": "00:24:12", "end": "00:24:17", "text": "people like probably like if you're looking at this global rank right here, like uh I'm not I'm not saying everyone"}, {"start": "00:24:17", "end": "00:24:23", "text": "here did, but a lot of people probably did if they were able to get this high on the global rank. What they did is they made just multiple different"}, {"start": "00:24:23", "end": "00:24:29", "text": "wallets and multiple different um you know, accounts. And so, here's one of the things they did. So, um like I said,"}, {"start": "00:24:29", "end": "00:24:34", "text": "I I never touched my Oni account once I started playing Uster, but like like I had like the two accounts. I actually"}, {"start": "00:24:34", "end": "00:24:39", "text": "used the same wallet to do both, so I couldn't do it anyway. But they'd have like another wallet, another browser going, everything like that, and they'd"}, {"start": "00:24:39", "end": "00:24:45", "text": "have their Oni account going, and then they'd send fleets out here, but their main wallet that they're playing on is"}, {"start": "00:24:45", "end": "00:24:52", "text": "they'd send their fleet over here or something like that, and then they go demolish their own fleet to get a whole bunch of XP u for their main account,"}, {"start": "00:24:52", "end": "00:24:57", "text": "ooster, and then they they'd excel and like get, you know, do better and better and better. I don't know how I didn't realize that people were doing that. Uh"}, {"start": "00:24:57", "end": "00:25:03", "text": "it's I don't really follow any of the Discord, so I didn't realize that anyone was doing that, but that's what one of the things they were doing. And the other thing they were doing was they"}, {"start": "00:25:03", "end": "00:25:10", "text": "were buying multiple battle passes. So if they're playing, they were be buying like either, you know, an extra battle pass or two or three. Um, and so then"}, {"start": "00:25:10", "end": "00:25:16", "text": "they were getting a whole bunch of money, a whole bunch of, um, crew members and stuff. And then they were farming all that. What I was saying, I"}, {"start": "00:25:16", "end": "00:25:21", "text": "was having a hard time um, uh, you know, like getting was the, you know, food, fuel. So they were farming a whole bunch"}, {"start": "00:25:21", "end": "00:25:26", "text": "of biomass, a whole bunch of copper and everything like that. And then they were, they would do a quick sell between"}, {"start": "00:25:26", "end": "00:25:32", "text": "their two accounts. So they'd be like have two like say a laptop and their main browser at once and they'd be like, \"Okay, I'm going to put this on sale for"}, {"start": "00:25:32", "end": "00:25:38", "text": "almost no money. One, two, three from one account and then they'd be quickly buy it with their main account and be able to buy all that, you know, biomass"}, {"start": "00:25:38", "end": "00:25:45", "text": "so they could mine food or or maybe buy food from themselves from their other account.\" So it's almost like they were, you know, they had like um two times,"}, {"start": "00:25:45", "end": "00:25:50", "text": "three times or four times the amount of uh crafters and miners and everything like that that the normal guy playing"}, {"start": "00:25:50", "end": "00:25:56", "text": "has. Don't give me that baloney that I bought more than one battle pass, so I'm supporting the team. You think Automata"}, {"start": "00:25:56", "end": "00:26:01", "text": "really wants your 10 bucks? Uh, but that that then allows you to cheat on the game, dude. What's 10 bucks by, Dominic"}, {"start": "00:26:01", "end": "00:26:07", "text": "Vain? Like like three monsters at best, right? Huh? Now, this So, I said I'm"}, {"start": "00:26:07", "end": "00:26:12", "text": "going on my soap box. And I said, \"Shame on you.\" if you have multiple accounts. The one bad thing is like these people"}, {"start": "00:26:12", "end": "00:26:18", "text": "that like all the new players uh and people like me that were naive that you guys were all doing this and not you all that were doing this but some of you"}, {"start": "00:26:18", "end": "00:26:25", "text": "guys were doing this uh you're actually like you you're probably going to get um you know the 51st through 500th uh"}, {"start": "00:26:25", "end": "00:26:31", "text": "prizes too or maybe even you know like some of these upper prizes and you're kind of like stealing from the new people too. So not only did you like do"}, {"start": "00:26:31", "end": "00:26:36", "text": "that in order to excel in the game like kind of how how you have so much time to be able to do that. I don't know either"}, {"start": "00:26:36", "end": "00:26:42", "text": "with the way how glitchy the game was. But now all these new players aren't going to get their cool like skins and stuff like that cuz you bump them out by"}, {"start": "00:26:42", "end": "00:26:49", "text": "having multiple accounts and you're going to get like double the prizes or triple the prize or quadruple the prize. Shame on you man. It's just a game. Like"}, {"start": "00:26:49", "end": "00:26:56", "text": "you should have played seeing if you can win the game playing the game the way it should have been, right? Like we all should have like you know anyway you"}, {"start": "00:26:56", "end": "00:27:02", "text": "know cheetah is going to cheat, man. Cheetah. But that's my soap box. I think that anyone that won the prize and is"}, {"start": "00:27:02", "end": "00:27:07", "text": "going to get extra crew members you owe it to the community. You can do it anonymous anom anominously, but you"}, {"start": "00:27:07", "end": "00:27:13", "text": "should send your extra any extra stuff that you win, you should send it to Atlas Grace, you know, to reprieve yourself, you know, send those extra"}, {"start": "00:27:13", "end": "00:27:19", "text": "crew members to Atlas Grace. Um, donate them to a charity cuz uh you only deserve at least one prize for cheating."}, {"start": "00:27:19", "end": "00:27:26", "text": "Anyway, that's it. I'm out on that. All right. I told you this episode was going to be like empires. Things are, you"}, {"start": "00:27:26", "end": "00:27:32", "text": "know, like I said, Hansel Hansel is in the carbonite. You know, Luke Luke got his hand cut off and was falling down into a hole. Like things are a little"}, {"start": "00:27:32", "end": "00:27:38", "text": "grimy, but you know what, man? We got that metal bikini coming up. So, hold tight, man. So, um, Oniizuka, man, I"}, {"start": "00:27:38", "end": "00:27:45", "text": "want to like just point out a few things that's going on in the community real fast. I don't want to make this video too long, but Oniizuki uh on on Zuka,"}, {"start": "00:27:45", "end": "00:27:51", "text": "like look at this, man. This is crazy. All right, here we go. Blew it up a little bit for you guys. After only 15 days of playing, I've already won"}, {"start": "00:27:51", "end": "00:27:58", "text": "several. And then he has a dollar sign in rewards. So happy with this adventure. Sell Ink in the marketplace"}, {"start": "00:27:58", "end": "00:28:03", "text": "to buy beautiful ships. Um, 2xboy. Uh, Onisuka's first language, I don't believe, is English, but what he's"}, {"start": "00:28:03", "end": "00:28:09", "text": "basically saying is that he grinds so hard on uh UEI5 and he was able to get"}, {"start": "00:28:09", "end": "00:28:14", "text": "all these group packs so far as rewards, right? Um, and then he took the ink that"}, {"start": "00:28:14", "end": "00:28:21", "text": "he's playing. He's selling the ink um because when you play, just in case you don't know, you're new to Star Atlas, when you um grind on um playing UEIE5"}, {"start": "00:28:21", "end": "00:28:29", "text": "and you earn XP, you are also earning something called ink. Then you can sell your ink on the Star Atlas marketplace. with that ink. He was able to buy two"}, {"start": "00:28:29", "end": "00:28:35", "text": "boys, which is one of my favorite ships. It's a small bounty hunter vessel right here. Um, but it is it's a fly looking"}, {"start": "00:28:35", "end": "00:28:42", "text": "ship. I love this ship. Uh, congratulations on Zuka, man. You're one of my favorite people in Star Atlas. Love it. Keep grinding. All right,"}, {"start": "00:28:42", "end": "00:28:49", "text": "James. Um, he this is so cool. Okay, let's just read it. Um, I had an amazing time at Star Atlas game night in the"}, {"start": "00:28:49", "end": "00:28:55", "text": "Philippines. Um, the Philippines event. Big thanks to the Philippines community for having me. Um, the video I've"}, {"start": "00:28:55", "end": "00:29:03", "text": "attached is proof of how much fun I had. Make sure to watch until the end. Uh, and then he does this."}, {"start": "00:29:10", "end": "00:29:15", "text": "I love Chance, man. Okay. Okay."}, {"start": "00:29:18", "end": "00:29:24", "text": "So, Star Atlas is not a place, it's the people. Um, so man, um, I saw him up on"}, {"start": "00:29:24", "end": "00:29:31", "text": "stage, um, talking at the event in some pictures and stuff like that, man. Thank you so much, James, for hosting that and spreading the word of Star Atlas. Super"}, {"start": "00:29:31", "end": "00:29:36", "text": "cool. And the Super Phoenix Dow is cooking. I meant to talk about this on my last recap and I totally didn't. I"}, {"start": "00:29:36", "end": "00:29:41", "text": "had it on my notes and everything and I somehow glazed over it, but they had a town hall um, and they talked a lot on"}, {"start": "00:29:41", "end": "00:29:47", "text": "the town hall. I'll have to maybe make a dedicated video. I owe it to Super Phoenix DAO um, for uh, the awesome"}, {"start": "00:29:47", "end": "00:29:53", "text": "stuff that they are creating to do a dedicated video with them soon. Maybe I can have just have Craig like and me,"}, {"start": "00:29:53", "end": "00:29:59", "text": "you know, do a chitchat and stuff. Um, so you guys can see what's going on. Craig, if you're listening to this, man, you know, reach out. Um, but he did um"}, {"start": "00:29:59", "end": "00:30:06", "text": "this um I've yet to watch, so I'm not going to talk about it, but he did this thing with Lanzor where he talked all about the Super Phoenix sports that is"}, {"start": "00:30:06", "end": "00:30:11", "text": "coming out. So, it's going to be like this cool betting platform and event of"}, {"start": "00:30:11", "end": "00:30:16", "text": "uh like hosting type of thing. And I don't think it's just going to be just it's going to be like an esports thing, not just Star Alice, but like it could"}, {"start": "00:30:16", "end": "00:30:23", "text": "be um from what I understand like all sorts of different types of sport betting. Um but I'm going to dig into it a little bit more before I talk about it"}, {"start": "00:30:23", "end": "00:30:29", "text": "too much. Um but he did what I know about is what he talked about in the town hall. In the town hall, he also um talked about um some of the other"}, {"start": "00:30:29", "end": "00:30:36", "text": "partnerships um he has going forward and how close we are to having the Super Phoenix being released into um um"}, {"start": "00:30:36", "end": "00:30:43", "text": "Starbased. So, um it's soon, you know, start, you know, we'll be making some dough for the actual community that's"}, {"start": "00:30:43", "end": "00:30:48", "text": "involved in Super Phoenix DAO in the actual DAO. And, uh, yeah, lots of good stuff that, um, he talked about, um, in"}, {"start": "00:30:48", "end": "00:30:54", "text": "the town hall. So, everything is very optimistic for Super Phoenix Dow. It hasn't gone away. Um, so I definitely"}, {"start": "00:30:54", "end": "00:31:00", "text": "recommend listening to that town hall. You could watch it on, um, Star Atlas TV. And actually, no, the Starless TV is"}, {"start": "00:31:00", "end": "00:31:06", "text": "buggy. There's a link in the um that's how I listen to it um cuz I tried to listen to it live and it didn't work out"}, {"start": "00:31:06", "end": "00:31:11", "text": "um because there was some audio issues. But there is a link right here on X. I'll leave it down below also on my"}, {"start": "00:31:11", "end": "00:31:17", "text": "video so you guys can watch it. But there's a YouTube link right here and it is um why am I not subscribed? Um it is"}, {"start": "00:31:17", "end": "00:31:23", "text": "the Super Phoenix um actual it's the Super Phoenix uh YouTube page that they started and then so the whole"}, {"start": "00:31:23", "end": "00:31:30", "text": "town hall is right there and it tells you everything that's going on in the world of Super Phoenix. So, there's that. And a couple more quick things I"}, {"start": "00:31:30", "end": "00:31:38", "text": "want to talk about. Tenant Sour's um photography, the history of Star Atlas basically in the next 365 days is he's"}, {"start": "00:31:38", "end": "00:31:44", "text": "killing it, man. And um sorry, Tenant, I don't repost all your every single one of your photos. I feel like my whole"}, {"start": "00:31:44", "end": "00:31:51", "text": "time timeline would just be your photos if I did, but I love every single one. Um yeah, you know, please keep on"}, {"start": "00:31:51", "end": "00:31:56", "text": "pumping those out. Try to like get through, you know, every single day. I think that is a great great um chunk of"}, {"start": "00:31:56", "end": "00:32:02", "text": "Star Atlas history being released to um anyone helping one of us helping us old-timers kind of like remind exactly"}, {"start": "00:32:02", "end": "00:32:09", "text": "what's going on, you know, like what has changed the world of Star Atlas, but also letting new people know how how much um the team has improved over the"}, {"start": "00:32:09", "end": "00:32:16", "text": "years and how beautiful Star Atalus has really been since almost day one of Unreal Engine 5. So, cool stuff, man."}, {"start": "00:32:16", "end": "00:32:22", "text": "Thank you, Tenant. Shaga did this really cool um little kind of like an AMA that"}, {"start": "00:32:22", "end": "00:32:28", "text": "they did, but they had Tuli on now that so it's pretty this is you know pretty high profile right here because Tuli is"}, {"start": "00:32:28", "end": "00:32:36", "text": "you know the creator of Salana um the basically the head of Salana at this very moment um Anatoli and so he"}, {"start": "00:32:36", "end": "00:32:41", "text": "was on there and he is checking out Star Atlas and he's listening to how Shagas"}, {"start": "00:32:41", "end": "00:32:47", "text": "is you know basically explaining how you can play like really high-end high graphic games um using their whole"}, {"start": "00:32:47", "end": "00:32:53", "text": "entire or shaga system that they designed where you can play like mobile by like being hosted by someone um that"}, {"start": "00:32:53", "end": "00:33:00", "text": "has you know the high-profile games on their computer on their PC. So it was just really cool to see you know to"}, {"start": "00:33:00", "end": "00:33:05", "text": "looking at Star Atlas and you know I know he knows Star Atlas and I know that he's aware of Star Atlas and he talks"}, {"start": "00:33:05", "end": "00:33:11", "text": "about Star Atlas but you know it was kind of like almost forcefed this is how cool Star Atlas is you know and it also"}, {"start": "00:33:11", "end": "00:33:19", "text": "since um he was involved it had a lot of eyes I'm sure on Star Atlas. So, cool stuff, man. Cool. Way to go, Shaga."}, {"start": "00:33:19", "end": "00:33:24", "text": "I thought this was really fun. Um, the voice commands for Star Atlas um don't just appear, they're crafted. Our"}, {"start": "00:33:24", "end": "00:33:31", "text": "partner, Chapter 4 Live, takes uh you behind the scenes. I can't Who was it?"}, {"start": "00:33:31", "end": "00:33:36", "text": "Was it Chipto? Someone said that their wife is a professional voice actor and"}, {"start": "00:33:36", "end": "00:33:42", "text": "wanted to help out. Um, I'm not saying that the lady in this video is anyone's wife or anything like that, but I"}, {"start": "00:33:42", "end": "00:33:47", "text": "remember I remember one of the devs saying that one of their wives um did some of the vocals for Star Atlas. But"}, {"start": "00:33:47", "end": "00:33:52", "text": "let's just check this out real fast. Hi, this is Natalie from Chapter 4. Let me show you how we made voice commands"}, {"start": "00:33:52", "end": "00:33:59", "text": "for the video game Star Atlas mode. It starts at my home studio recording"}, {"start": "00:33:59", "end": "00:34:06", "text": "multiple takes to have options. Enemies inbound. I listen back editing undesirable noises like mouth clicks."}, {"start": "00:34:06", "end": "00:34:11", "text": "Enemies inbound. I pick the best takes to pass along for the next stages of"}, {"start": "00:34:11", "end": "00:34:17", "text": "post-prouction. Enemies inbound. Next, our sound designer applies EQ to improve"}, {"start": "00:34:17", "end": "00:34:23", "text": "the tonal balance of the voice. Enemies inbound. After dsing lightly, vocal synth 2 is used to shape the unique"}, {"start": "00:34:23", "end": "00:34:29", "text": "sound of the voice command. Enemies inbound. Next, a compressor and a limiter is applied on the master."}, {"start": "00:34:29", "end": "00:34:35", "text": "Enemies inbound. Our technical audio lead imports the asset to Wise into the audio hierarchy and creates an event."}, {"start": "00:34:35", "end": "00:34:40", "text": "Enemies inbound. Then we route it to the appropriate master audio bus. Enemies"}, {"start": "00:34:40", "end": "00:34:48", "text": "inbound. Finally, we add logic to change the reverb of the HUD call out. Enemies inbound."}, {"start": "00:34:48", "end": "00:34:55", "text": "Flight mode. And here is the final result from Unreal Engine. Wave one."}, {"start": "00:34:55", "end": "00:35:01", "text": "Enemies inbound. Cool stuff, man. you know, like I do"}, {"start": "00:35:01", "end": "00:35:06", "text": "some some funny like, you know, Sammy Banks like audio like things for my channel and stuff like that. I don't do"}, {"start": "00:35:06", "end": "00:35:12", "text": "anything close to what she does right there. That is a lot of work. Hi to make the actual perfect, you know, like the"}, {"start": "00:35:12", "end": "00:35:17", "text": "perfect audio like sound bite. Wow. Cool stuff. All right. And I'm sure I'm missing a lot of stuff cuz it's been two weeks"}, {"start": "00:35:17", "end": "00:35:23", "text": "since my last video. Um, but I don't want to make the video like crazy long. So, we're just going to end it with this. Um, shout out to the Starless"}, {"start": "00:35:23", "end": "00:35:29", "text": "Surge tournament kicking off today at 6 p.m. So, this took place on September 26th. um a couple days ago. I think it"}, {"start": "00:35:29", "end": "00:35:34", "text": "was Friday. Um and um five player team, single elimination, global action. Check"}, {"start": "00:35:34", "end": "00:35:42", "text": "it out. So um the tournaments keep on happening. I'm very very excited about this. This is uh you know, Unreal Engine"}, {"start": "00:35:42", "end": "00:35:48", "text": "is kicking butt. I can't wait for the update coming up in October during our Return of the Jedi season. Um this is"}, {"start": "00:35:48", "end": "00:35:54", "text": "going to be a lot of fun um to see all the stuff and you know, to keep excelling in Unreal Engine 5. Um so with"}, {"start": "00:35:54", "end": "00:36:00", "text": "that guys, man, I will catch you guys in the next one. Thank you so much for watching. Make sure you're subscribed. Make sure you hit the like button if you"}, {"start": "00:36:00", "end": "00:36:07", "text": "appreciate the good news and the bad news. Uh we'll, you know, we'll keep all working together. We'll keep on making this community great. I love you all."}, {"start": "00:36:07", "end": "00:36:11", "text": "I'll talk to you in the next one. Later."}]

[{"end": "00:00:06", "start": "00:00:01", "text": "Yo, what's up captains and cadets? It is"}, {"end": "00:00:08", "start": "00:00:04", "text": "Star Atlas recap time. We're going to go"}, {"end": "00:00:10", "start": "00:00:06", "text": "over uh all the Star Atlas news that has"}, {"end": "00:00:13", "start": "00:00:08", "text": "happened since my last recap video that"}, {"end": "00:00:15", "start": "00:00:10", "text": "I can find at least that I find"}, {"end": "00:00:16", "start": "00:00:13", "text": "interesting at least. And uh yeah, we're"}, {"end": "00:00:18", "start": "00:00:15", "text": "going to check out a couple things that"}, {"end": "00:00:20", "start": "00:00:16", "text": "the community has been up to. So,"}, {"end": "00:00:23", "start": "00:00:18", "text": "without further ado, let's get into it."}, {"end": "00:00:23", "start": "00:00:20", "text": "Let's go."}, {"end": "00:00:32", "start": "00:00:24", "text": "[Music]"}, {"end": "00:00:39", "start": "00:00:35", "text": "What's up, muds onies and roosters and"}, {"end": "00:00:42", "start": "00:00:37", "text": "anyone else that is new to Star Atlas,"}, {"end": "00:00:44", "start": "00:00:39", "text": "welcome. Oh, wow. It's been just 2 weeks"}, {"end": "00:00:46", "start": "00:00:42", "text": "since I recorded my last video, but it"}, {"end": "00:00:48", "start": "00:00:44", "text": "feels like it has been ages. If you"}, {"end": "00:00:49", "start": "00:00:46", "text": "follow my channel, you know that I try"}, {"end": "00:00:51", "start": "00:00:48", "text": "to put out a video at least every week."}, {"end": "00:00:53", "start": "00:00:49", "text": "Sometimes I get out two or three a week."}, {"end": "00:00:55", "start": "00:00:51", "text": "So, when I take two weeks off, man, you"}, {"end": "00:00:57", "start": "00:00:53", "text": "know, feels like I missed a lot. So, I"}, {"end": "00:00:59", "start": "00:00:55", "text": "figured in this video we kind of will"}, {"end": "00:01:01", "start": "00:00:57", "text": "kind of jump in and try to find uh find"}, {"end": "00:01:02", "start": "00:00:59", "text": "out everything that has happened that I"}, {"end": "00:01:03", "start": "00:01:01", "text": "haven't talked about in the past couple"}, {"end": "00:01:05", "start": "00:01:02", "text": "weeks. It is the second week in"}, {"end": "00:01:07", "start": "00:01:03", "text": "September. So, yeah, let's jump into"}, {"end": "00:01:10", "start": "00:01:05", "text": "this recap and see what has been going"}, {"end": "00:01:12", "start": "00:01:07", "text": "on. All right, man. So, wow. We just we"}, {"end": "00:01:14", "start": "00:01:10", "text": "had that uh it's already been that long."}, {"end": "00:01:17", "start": "00:01:12", "text": "Wow. So, August 29th through the 31st,"}, {"end": "00:01:19", "start": "00:01:14", "text": "we had that campaign where if you played"}, {"end": "00:01:21", "start": "00:01:17", "text": "in Unreal Engine 5 in the game and"}, {"end": "00:01:22", "start": "00:01:19", "text": "played either racing or the the shooting"}, {"end": "00:01:25", "start": "00:01:21", "text": "game, you got double the XP. And I think"}, {"end": "00:01:27", "start": "00:01:22", "text": "this is awesome campaign. I really hope"}, {"end": "00:01:29", "start": "00:01:25", "text": "that uh you know Automata like uh does"}, {"end": "00:01:31", "start": "00:01:27", "text": "this you know a couple different times"}, {"end": "00:01:33", "start": "00:01:29", "text": "per year cuz I think that this brought a"}, {"end": "00:01:35", "start": "00:01:31", "text": "lot of people um playing each weekend"}, {"end": "00:01:36", "start": "00:01:33", "text": "and if you were lucky enough to play"}, {"end": "00:01:38", "start": "00:01:35", "text": "that weekend you got double XP to level"}, {"end": "00:01:40", "start": "00:01:36", "text": "up your character and double the ink."}, {"end": "00:01:42", "start": "00:01:38", "text": "We'll talk about ink a little bit more"}, {"end": "00:01:44", "start": "00:01:40", "text": "in just a few minutes. Uh and a few days"}, {"end": "00:01:47", "start": "00:01:42", "text": "later um they announced this right here,"}, {"end": "00:01:49", "start": "00:01:44", "text": "the Galactic Marketplace UI update. So"}, {"end": "00:01:50", "start": "00:01:47", "text": "this is about a week ago um at the time"}, {"end": "00:01:52", "start": "00:01:49", "text": "of making this video about a week ago."}, {"end": "00:01:54", "start": "00:01:50", "text": "Um, this advertisement right here that"}, {"end": "00:01:56", "start": "00:01:52", "text": "they put together also was really cool."}, {"end": "00:01:58", "start": "00:01:54", "text": "Um, so, you know, let's watch that and"}, {"end": "00:02:00", "start": "00:01:56", "text": "then we'll jump into the marketplace and"}, {"end": "00:02:34", "start": "00:01:58", "text": "check it out."}, {"end": "00:02:34", "start": "00:02:00", "text": "[Music]"}, {"end": "00:02:38", "start": "00:02:34", "text": "So, as you just saw in that"}, {"end": "00:02:39", "start": "00:02:36", "text": "advertisement, um they have redesigned"}, {"end": "00:02:42", "start": "00:02:38", "text": "the marketplace item cards, overhauled"}, {"end": "00:02:44", "start": "00:02:39", "text": "category side menu, combined item orders"}, {"end": "00:02:47", "start": "00:02:42", "text": "and details into a single page, and"}, {"end": "00:02:48", "start": "00:02:44", "text": "enhance the gallery UIUX. And if we jump"}, {"end": "00:02:50", "start": "00:02:47", "text": "into the marketplace, you can see right"}, {"end": "00:02:53", "start": "00:02:48", "text": "here, this is what it looks like. And it"}, {"end": "00:02:54", "start": "00:02:50", "text": "looks glorious. Uh, one of the things I"}, {"end": "00:02:58", "start": "00:02:53", "text": "love is as you scroll over everything,"}, {"end": "00:03:00", "start": "00:02:54", "text": "it actually um has um a glowing color"}, {"end": "00:03:01", "start": "00:02:58", "text": "scheme that goes along with the rarity."}, {"end": "00:03:03", "start": "00:03:00", "text": "So, you can see like look at the"}, {"end": "00:03:06", "start": "00:03:01", "text": "legendary has this beautiful gold. Epic"}, {"end": "00:03:08", "start": "00:03:03", "text": "has the blue. I'm sorry. I'm sorry. Epic"}, {"end": "00:03:10", "start": "00:03:06", "text": "has the purple and rare has the blue and"}, {"end": "00:03:12", "start": "00:03:08", "text": "uncommon has the red. And let's here we"}, {"end": "00:03:14", "start": "00:03:10", "text": "go. The common has the white. Wicked"}, {"end": "00:03:16", "start": "00:03:12", "text": "cool. And of course, Anomaly has this"}, {"end": "00:03:18", "start": "00:03:14", "text": "like turquoise. Um, so fun stuff. I love"}, {"end": "00:03:21", "start": "00:03:16", "text": "it. It looks good. And if we click on"}, {"end": "00:03:22", "start": "00:03:18", "text": "something like, let's click on this F4."}, {"end": "00:03:25", "start": "00:03:21", "text": "Um, what they were talking about is you"}, {"end": "00:03:26", "start": "00:03:22", "text": "can see, um, not only do you have the"}, {"end": "00:03:27", "start": "00:03:25", "text": "sellers and the buyers and everything"}, {"end": "00:03:28", "start": "00:03:26", "text": "like that, but you have all the"}, {"end": "00:03:30", "start": "00:03:27", "text": "information as you scroll down of what"}, {"end": "00:03:32", "start": "00:03:28", "text": "you are purchasing, what type of asset"}, {"end": "00:03:33", "start": "00:03:30", "text": "you're purchasing, what it's all about,"}, {"end": "00:03:35", "start": "00:03:32", "text": "the description, everything like that."}, {"end": "00:03:36", "start": "00:03:33", "text": "So, fun stuff, man. I also want to jump"}, {"end": "00:03:38", "start": "00:03:35", "text": "into the crew cards area. I've never"}, {"end": "00:03:40", "start": "00:03:36", "text": "talked about this in my channel, but I"}, {"end": "00:03:41", "start": "00:03:38", "text": "think the crew card area looks awesome."}, {"end": "00:03:42", "start": "00:03:40", "text": "So, it looks kind of bland now, right?"}, {"end": "00:03:44", "start": "00:03:41", "text": "But if I click on one of the characters,"}, {"end": "00:03:45", "start": "00:03:42", "text": "look how sweet that looks. You get like,"}, {"end": "00:03:47", "start": "00:03:44", "text": "you know, the background that comes"}, {"end": "00:03:49", "start": "00:03:45", "text": "along with your character. You hit view"}, {"end": "00:03:52", "start": "00:03:47", "text": "card. Just looks tight, man. Really"}, {"end": "00:03:54", "start": "00:03:49", "text": "clean. Love it, man. I don't know how"}, {"end": "00:03:55", "start": "00:03:52", "text": "long ago it was that I talked about"}, {"end": "00:03:58", "start": "00:03:54", "text": "this, but it wasn't too long ago, but I"}, {"end": "00:04:00", "start": "00:03:55", "text": "I talked about how the uh you know, the"}, {"end": "00:04:02", "start": "00:03:58", "text": "the main Star Atlas page,"}, {"end": "00:04:03", "start": "00:04:00", "text": "Staratalis.com, really needs an update."}, {"end": "00:04:05", "start": "00:04:02", "text": "Like, it just isn't really showing"}, {"end": "00:04:07", "start": "00:04:03", "text": "anything that's going on in Star Atalus."}, {"end": "00:04:09", "start": "00:04:05", "text": "And woo, I got my dream. My dream came"}, {"end": "00:04:11", "start": "00:04:07", "text": "true for sure. And it looks way better"}, {"end": "00:04:13", "start": "00:04:09", "text": "than I even thought it could look. Uh,"}, {"end": "00:04:14", "start": "00:04:11", "text": "this is slick, man. You You come to"}, {"end": "00:04:17", "start": "00:04:13", "text": "starless.com right away in your face."}, {"end": "00:04:18", "start": "00:04:14", "text": "The Unreal Engine 5 aspect of the game."}, {"end": "00:04:20", "start": "00:04:17", "text": "And if you type in your email address"}, {"end": "00:04:22", "start": "00:04:18", "text": "right here, you have to prove that"}, {"end": "00:04:23", "start": "00:04:20", "text": "you're not a robot. Um, but you can get"}, {"end": "00:04:25", "start": "00:04:22", "text": "an early access key. I don't think I can"}, {"end": "00:04:26", "start": "00:04:23", "text": "because my email address is has already"}, {"end": "00:04:28", "start": "00:04:25", "text": "been submitted. Yeah. But what it will"}, {"end": "00:04:30", "start": "00:04:26", "text": "do is it'll actually give you um a code"}, {"end": "00:04:32", "start": "00:04:28", "text": "that you can actually bring over to"}, {"end": "00:04:34", "start": "00:04:30", "text": "Unreal Engine 5. Um, now I did test this"}, {"end": "00:04:36", "start": "00:04:32", "text": "out um with another account and the one"}, {"end": "00:04:37", "start": "00:04:34", "text": "thing I could say to the team um is"}, {"end": "00:04:39", "start": "00:04:36", "text": "there should probably be some directions"}, {"end": "00:04:40", "start": "00:04:37", "text": "on what to do with the code um once you"}, {"end": "00:04:42", "start": "00:04:39", "text": "get the code because maybe it might be a"}, {"end": "00:04:45", "start": "00:04:40", "text": "little bit confusing. Um but you have to"}, {"end": "00:04:48", "start": "00:04:42", "text": "bring it over to Unreal Engine um 5's um"}, {"end": "00:04:49", "start": "00:04:45", "text": "or yeah uh Epic Games, I'm sorry. You"}, {"end": "00:04:50", "start": "00:04:48", "text": "have to bring it over to the Epic Games"}, {"end": "00:04:51", "start": "00:04:49", "text": "account. And actually, I'll show right"}, {"end": "00:04:53", "start": "00:04:50", "text": "now just in case you guys are new to"}, {"end": "00:04:55", "start": "00:04:51", "text": "Starless. Hold on. This will only take a"}, {"end": "00:04:56", "start": "00:04:53", "text": "second. So, it' be cool if you know"}, {"end": "00:04:58", "start": "00:04:55", "text": "directions pop up or there's a video"}, {"end": "00:04:59", "start": "00:04:56", "text": "like this and the video would go like"}, {"end": "00:05:02", "start": "00:04:58", "text": "something like um all right guys, you"}, {"end": "00:05:03", "start": "00:04:59", "text": "just got your code from startless.com."}, {"end": "00:05:06", "start": "00:05:02", "text": "Make sure you copy that code and come"}, {"end": "00:05:08", "start": "00:05:03", "text": "over to the Epic Games store. From"}, {"end": "00:05:09", "start": "00:05:06", "text": "there, you will need to create a profile"}, {"end": "00:05:11", "start": "00:05:08", "text": "if you have not already created a"}, {"end": "00:05:12", "start": "00:05:09", "text": "profile. But once you have, you will"}, {"end": "00:05:13", "start": "00:05:11", "text": "click on your profile. Mine is"}, {"end": "00:05:16", "start": "00:05:12", "text": "symbolized as a B because that's the"}, {"end": "00:05:17", "start": "00:05:13", "text": "first letter in my gaming tag, BTH2620,"}, {"end": "00:05:19", "start": "00:05:16", "text": "but it will be different for you"}, {"end": "00:05:21", "start": "00:05:17", "text": "depending on what your gaming tag is."}, {"end": "00:05:24", "start": "00:05:19", "text": "Scroll on down to redeem code. Hit that"}, {"end": "00:05:28", "start": "00:05:21", "text": "right there and hit Ctrl +V to copy your"}, {"end": "00:05:30", "start": "00:05:24", "text": "20digit code into the redemption area."}, {"end": "00:05:31", "start": "00:05:28", "text": "Then you hit the redeem button and you"}, {"end": "00:05:34", "start": "00:05:30", "text": "are ready to go. You can download the"}, {"end": "00:05:37", "start": "00:05:31", "text": "game and you can have fun playing Star"}, {"end": "00:05:39", "start": "00:05:34", "text": "Alice on Unreal Engine 5 for absolutely"}, {"end": "00:05:41", "start": "00:05:37", "text": "free. There's plenty more information"}, {"end": "00:05:43", "start": "00:05:39", "text": "out there on YouTube that you can find"}, {"end": "00:05:45", "start": "00:05:41", "text": "if you have some more questions. So"}, {"end": "00:05:47", "start": "00:05:43", "text": "guys, have fun. All right. So, I"}, {"end": "00:05:50", "start": "00:05:45", "text": "mentioned ink um a few minutes ago, but"}, {"end": "00:05:52", "start": "00:05:47", "text": "now now if you played Unreal Engine 5 at"}, {"end": "00:05:54", "start": "00:05:50", "text": "any time in the past couple weeks, we"}, {"end": "00:05:57", "start": "00:05:52", "text": "got the ink airdrop. So, all the ink"}, {"end": "00:05:59", "start": "00:05:54", "text": "that you earned in Unreal Engine 5 was"}, {"end": "00:06:01", "start": "00:05:57", "text": "given to you and you basically start"}, {"end": "00:06:02", "start": "00:05:59", "text": "over acrewing at this very moment. Um"}, {"end": "00:06:04", "start": "00:06:01", "text": "where is ink? I think it's uh on the"}, {"end": "00:06:06", "start": "00:06:02", "text": "main page here. Maybe, maybe, maybe. Oh,"}, {"end": "00:06:08", "start": "00:06:04", "text": "I found it under resources. So, here we"}, {"end": "00:06:10", "start": "00:06:06", "text": "go. So, we can view this item right"}, {"end": "00:06:13", "start": "00:06:08", "text": "here. And you can see there's buyers and"}, {"end": "00:06:15", "start": "00:06:10", "text": "sellers. Um, I saw a couple people um on"}, {"end": "00:06:16", "start": "00:06:13", "text": "X saying that they sold their ink"}, {"end": "00:06:19", "start": "00:06:15", "text": "already. Um, it looks like you could"}, {"end": "00:06:22", "start": "00:06:16", "text": "sell right away for about 14 Atlas per"}, {"end": "00:06:24", "start": "00:06:19", "text": "ink. Um, so like let's just say I sell"}, {"end": "00:06:26", "start": "00:06:22", "text": "50 of my ink. You can see I have 443"}, {"end": "00:06:28", "start": "00:06:24", "text": "that I earned. Um, and I haven't played"}, {"end": "00:06:30", "start": "00:06:26", "text": "since that one double XP weekend. Um,"}, {"end": "00:06:34", "start": "00:06:28", "text": "but I was able to earn that much and I"}, {"end": "00:06:35", "start": "00:06:30", "text": "would get 669 atlas and let's see if I"}, {"end": "00:06:38", "start": "00:06:34", "text": "sell like basically all of it. What"}, {"end": "00:06:39", "start": "00:06:35", "text": "would that be? So we'll sell mats. Um, I"}, {"end": "00:06:42", "start": "00:06:38", "text": "would earn a little more than this. This"}, {"end": "00:06:45", "start": "00:06:39", "text": "is only 12.63, but um it looks like I'd"}, {"end": "00:06:47", "start": "00:06:42", "text": "earn over 5,000 Atlas"}, {"end": "00:06:48", "start": "00:06:45", "text": "just checking this out, man. Just for a"}, {"end": "00:06:49", "start": "00:06:47", "text": "weekend of fun and I was racing and"}, {"end": "00:06:52", "start": "00:06:48", "text": "stuff like that. Look at that. I earned"}, {"end": "00:06:53", "start": "00:06:49", "text": "five bucks for playing a video game. Um"}, {"end": "00:06:54", "start": "00:06:52", "text": "if I wanted, you know, wanted to sell"}, {"end": "00:06:56", "start": "00:06:53", "text": "that right now. I think it' actually be"}, {"end": "00:06:57", "start": "00:06:54", "text": "a little bit more had I grabbed the a"}, {"end": "00:06:59", "start": "00:06:56", "text": "couple of these higher bidders right"}, {"end": "00:07:01", "start": "00:06:57", "text": "here. And who knows how much it would be"}, {"end": "00:07:04", "start": "00:06:59", "text": "cuz it's worth 100,000 LP or something"}, {"end": "00:07:06", "start": "00:07:01", "text": "like that per ink. Um, if I dragged that"}, {"end": "00:07:07", "start": "00:07:04", "text": "into I have to experiment and make a"}, {"end": "00:07:09", "start": "00:07:06", "text": "video on this sometime in the future,"}, {"end": "00:07:12", "start": "00:07:07", "text": "but if I grabbed that, dragged it into"}, {"end": "00:07:13", "start": "00:07:09", "text": "Starbase and deposited it and uh I"}, {"end": "00:07:16", "start": "00:07:12", "text": "talked about that in my last video, but"}, {"end": "00:07:18", "start": "00:07:13", "text": "you can um deposit it into the mystery"}, {"end": "00:07:19", "start": "00:07:16", "text": "the new uh the mystery Starbase. I'm"}, {"end": "00:07:22", "start": "00:07:18", "text": "sorry. It's called the Phantom Starbase"}, {"end": "00:07:25", "start": "00:07:19", "text": "right here. Um if we go over to"}, {"end": "00:07:27", "start": "00:07:22", "text": "operations and uh let's see if we scroll"}, {"end": "00:07:29", "start": "00:07:25", "text": "down from there. Yeah, I can commit the"}, {"end": "00:07:31", "start": "00:07:27", "text": "efforts um put the ink in right there"}, {"end": "00:07:33", "start": "00:07:29", "text": "and get a whole bunch of LP. Um, and who"}, {"end": "00:07:35", "start": "00:07:31", "text": "knows how much, uh, yeah, 400 and"}, {"end": "00:07:38", "start": "00:07:33", "text": "something, you know, like ink could be a"}, {"end": "00:07:39", "start": "00:07:35", "text": "lot more than $5. How, you know, if I"}, {"end": "00:07:41", "start": "00:07:38", "text": "take the time to do it that way. So,"}, {"end": "00:07:43", "start": "00:07:39", "text": "maybe I'll experiment a little bit. Um,"}, {"end": "00:07:44", "start": "00:07:41", "text": "you know, like do 200 one, 200 the"}, {"end": "00:07:46", "start": "00:07:43", "text": "other. See which which earns me the"}, {"end": "00:07:47", "start": "00:07:44", "text": "most. Um, right now a lot of people"}, {"end": "00:07:49", "start": "00:07:46", "text": "might be turning in their ink for LP."}, {"end": "00:07:51", "start": "00:07:47", "text": "Um, so maybe I wait until it slows down"}, {"end": "00:07:53", "start": "00:07:49", "text": "cuz probably a lot of people acrewed LP,"}, {"end": "00:07:54", "start": "00:07:51", "text": "uh, you know, just recently. So, I would"}, {"end": "00:07:55", "start": "00:07:53", "text": "probably wait a little bit um because"}, {"end": "00:07:57", "start": "00:07:54", "text": "people are excited to see what they"}, {"end": "00:07:59", "start": "00:07:55", "text": "would earn. Um, you know, you know, like"}, {"end": "00:08:01", "start": "00:07:57", "text": "uh playing Starbase with that. Um, but"}, {"end": "00:08:03", "start": "00:07:59", "text": "we'll we'll see in the future. I'll try"}, {"end": "00:08:05", "start": "00:08:01", "text": "to make a video on it. Fun stuff, man."}, {"end": "00:08:07", "start": "00:08:03", "text": "It actually unifies like Unreal Engine"}, {"end": "00:08:09", "start": "00:08:05", "text": "and Starbase together into like one"}, {"end": "00:08:11", "start": "00:08:07", "text": "metaverse. I think that's cool. So,"}, {"end": "00:08:14", "start": "00:08:09", "text": "something I want to talk about real fast"}, {"end": "00:08:16", "start": "00:08:11", "text": "is what the CEO of Starales had written"}, {"end": "00:08:18", "start": "00:08:14", "text": "um a little over a week ago in the"}, {"end": "00:08:19", "start": "00:08:16", "text": "Foundation Room. I thought this was"}, {"end": "00:08:20", "start": "00:08:18", "text": "super interesting and it's kind of cool"}, {"end": "00:08:22", "start": "00:08:19", "text": "that I could report on the Foundation"}, {"end": "00:08:24", "start": "00:08:20", "text": "Room because it is public um at this"}, {"end": "00:08:25", "start": "00:08:22", "text": "moment. Um not everyone can actually"}, {"end": "00:08:27", "start": "00:08:24", "text": "type a message in there, but everyone"}, {"end": "00:08:29", "start": "00:08:25", "text": "can actually read what's going on if"}, {"end": "00:08:31", "start": "00:08:27", "text": "they want to. Um, when it first became"}, {"end": "00:08:32", "start": "00:08:29", "text": "public too, it was kind of a wasteland."}, {"end": "00:08:34", "start": "00:08:31", "text": "It was really barren. I think a lot of"}, {"end": "00:08:36", "start": "00:08:32", "text": "people um felt like like their secret"}, {"end": "00:08:39", "start": "00:08:34", "text": "club was violated and so they moved to"}, {"end": "00:08:40", "start": "00:08:36", "text": "the foundation room chat. Um, but I'm"}, {"end": "00:08:41", "start": "00:08:39", "text": "glad that it's kind of like starting to"}, {"end": "00:08:43", "start": "00:08:40", "text": "loosen up a little bit and people are"}, {"end": "00:08:45", "start": "00:08:41", "text": "starting to ask questions again and let"}, {"end": "00:08:47", "start": "00:08:43", "text": "you know let people know. Um, but it's a"}, {"end": "00:08:48", "start": "00:08:45", "text": "great way to um the foundation room is a"}, {"end": "00:08:50", "start": "00:08:47", "text": "great way to communicate with the"}, {"end": "00:08:52", "start": "00:08:48", "text": "Automata team, the creators of Star"}, {"end": "00:08:55", "start": "00:08:50", "text": "Atlas. Um, but the question was, is Sage"}, {"end": "00:08:58", "start": "00:08:52", "text": "C4 going to have UI interface, user"}, {"end": "00:09:00", "start": "00:08:55", "text": "interface, um, the same as Sage or"}, {"end": "00:09:03", "start": "00:08:58", "text": "Hollow Sim, or a mix of both, or"}, {"end": "00:09:05", "start": "00:09:00", "text": "something entirely new? Um, what the CEO"}, {"end": "00:09:07", "start": "00:09:03", "text": "of Star Atlas responded was, it's kind"}, {"end": "00:09:08", "start": "00:09:05", "text": "of top secret leak right here, but"}, {"end": "00:09:10", "start": "00:09:07", "text": "everything is converging on the"}, {"end": "00:09:12", "start": "00:09:08", "text": "UEE/FCUI."}, {"end": "00:09:15", "start": "00:09:10", "text": "So, what that means is, um, it's"}, {"end": "00:09:18", "start": "00:09:12", "text": "converging on the user interface of the"}, {"end": "00:09:21", "start": "00:09:15", "text": "Unreal Engine 5 version of Fleet"}, {"end": "00:09:23", "start": "00:09:18", "text": "Command. Um and then he goes on further"}, {"end": "00:09:24", "start": "00:09:21", "text": "um he writes um it's um partially"}, {"end": "00:09:27", "start": "00:09:23", "text": "because of the partnership and license"}, {"end": "00:09:30", "start": "00:09:24", "text": "we secured with coherent can they can"}, {"end": "00:09:33", "start": "00:09:27", "text": "rep they can replicate almost all of our"}, {"end": "00:09:34", "start": "00:09:30", "text": "sage web code into Unreal Engine 5 for"}, {"end": "00:09:37", "start": "00:09:33", "text": "fleet command and use the same"}, {"end": "00:09:39", "start": "00:09:34", "text": "components across all games. So let's"}, {"end": "00:09:41", "start": "00:09:37", "text": "jump into fleet command for a second. Um"}, {"end": "00:09:42", "start": "00:09:39", "text": "some people out there um you know they"}, {"end": "00:09:45", "start": "00:09:41", "text": "don't have a computer powerful enough to"}, {"end": "00:09:47", "start": "00:09:42", "text": "run um uh Unreal Engine 5. So I just"}, {"end": "00:09:49", "start": "00:09:45", "text": "want to show people what um you know"}, {"end": "00:09:50", "start": "00:09:47", "text": "what C4 possibly could look like. So,"}, {"end": "00:09:53", "start": "00:09:49", "text": "let's let's kind of take a peek at fast"}, {"end": "00:09:55", "start": "00:09:50", "text": "today. And so, this is what what Unreal"}, {"end": "00:09:57", "start": "00:09:53", "text": "Engine 5 looks like on the Salana"}, {"end": "00:09:59", "start": "00:09:55", "text": "blockchain, which is always mind-blowing"}, {"end": "00:10:03", "start": "00:09:57", "text": "on, you know, for me. Um, now soon this"}, {"end": "00:10:05", "start": "00:09:59", "text": "will be on Zinc, not on Salana. Um, Zinc"}, {"end": "00:10:08", "start": "00:10:03", "text": "is the new blockchain that Star Atlas"}, {"end": "00:10:10", "start": "00:10:05", "text": "Automata is about to release. And, uh,"}, {"end": "00:10:12", "start": "00:10:08", "text": "we will be running on that. Um, C4 will"}, {"end": "00:10:16", "start": "00:10:10", "text": "be running on that instead of Salana,"}, {"end": "00:10:17", "start": "00:10:12", "text": "which will save a ton of, um, fees that"}, {"end": "00:10:18", "start": "00:10:16", "text": "we have to pay through Salana. But, look"}, {"end": "00:10:20", "start": "00:10:17", "text": "at this. Look at all the little ships"}, {"end": "00:10:21", "start": "00:10:18", "text": "moving around there. You know, each one"}, {"end": "00:10:23", "start": "00:10:20", "text": "of these ships represents an entire"}, {"end": "00:10:26", "start": "00:10:21", "text": "fleet. And basically, I believe it's"}, {"end": "00:10:28", "start": "00:10:23", "text": "like the largest um ship in the fleet"}, {"end": "00:10:30", "start": "00:10:26", "text": "represents that fleet. Um so you can see"}, {"end": "00:10:32", "start": "00:10:28", "text": "there's a Fimble Fimbo Mamba X in this"}, {"end": "00:10:34", "start": "00:10:30", "text": "one fleet. That will be the largest, you"}, {"end": "00:10:36", "start": "00:10:32", "text": "know, largest ship there. We see some"}, {"end": "00:10:39", "start": "00:10:34", "text": "OPOD scanning some Maxhogs, all sorts of"}, {"end": "00:10:41", "start": "00:10:36", "text": "stuff. So this is what possibly, you"}, {"end": "00:10:44", "start": "00:10:39", "text": "know, Fleek Man's going to kind of take"}, {"end": "00:10:46", "start": "00:10:41", "text": "after. Um now if we click on a certain"}, {"end": "00:10:47", "start": "00:10:44", "text": "sector this is technically it's a star"}, {"end": "00:10:49", "start": "00:10:46", "text": "base but each one of these sectors in"}, {"end": "00:10:50", "start": "00:10:47", "text": "this version kind of rep you know"}, {"end": "00:10:52", "start": "00:10:49", "text": "there's a planet or a sun or yeah I"}, {"end": "00:10:53", "start": "00:10:50", "text": "think a sun kind of representing it like"}, {"end": "00:10:55", "start": "00:10:52", "text": "the center of that like kind of like"}, {"end": "00:10:57", "start": "00:10:53", "text": "solar system basically. Um so we can"}, {"end": "00:10:59", "start": "00:10:55", "text": "approach and we can see even further"}, {"end": "00:11:01", "start": "00:10:57", "text": "detail of you know certain ships and"}, {"end": "00:11:02", "start": "00:10:59", "text": "stuff like that that are mining and"}, {"end": "00:11:04", "start": "00:11:01", "text": "scanning and stuff like that that one"}, {"end": "00:11:07", "start": "00:11:02", "text": "sector. All right I just talked about"}, {"end": "00:11:09", "start": "00:11:04", "text": "zinc a second ago and um it it sounds"}, {"end": "00:11:10", "start": "00:11:07", "text": "like zinc is going to be a little bit"}, {"end": "00:11:12", "start": "00:11:09", "text": "delayed. the blockchain's going to be a"}, {"end": "00:11:15", "start": "00:11:10", "text": "little bit delayed in the Q1 instead of"}, {"end": "00:11:16", "start": "00:11:12", "text": "December. Um that uh was originally"}, {"end": "00:11:17", "start": "00:11:15", "text": "talked about in the town hall. I could"}, {"end": "00:11:18", "start": "00:11:16", "text": "be wrong about this. Um I could have"}, {"end": "00:11:20", "start": "00:11:17", "text": "missed something from the team, but let"}, {"end": "00:11:21", "start": "00:11:18", "text": "me know in the comments below if you"}, {"end": "00:11:23", "start": "00:11:20", "text": "have any more information on that. Um"}, {"end": "00:11:26", "start": "00:11:21", "text": "and I do believe that maybe because of"}, {"end": "00:11:29", "start": "00:11:23", "text": "that um the actual farming of zinc has"}, {"end": "00:11:30", "start": "00:11:26", "text": "been a little bit delayed, but we got um"}, {"end": "00:11:32", "start": "00:11:29", "text": "Chris from economics actually gave us"}, {"end": "00:11:33", "start": "00:11:30", "text": "this placard. Um and if you missed the"}, {"end": "00:11:35", "start": "00:11:32", "text": "economic forum, you might have actually"}, {"end": "00:11:37", "start": "00:11:33", "text": "missed all of this. So, it tells us the"}, {"end": "00:11:39", "start": "00:11:35", "text": "actions that we're going to have to do"}, {"end": "00:11:41", "start": "00:11:37", "text": "to farm zinc and it tells us, you know,"}, {"end": "00:11:43", "start": "00:11:39", "text": "what how much weight each action will"}, {"end": "00:11:44", "start": "00:11:41", "text": "actually give us. Um, so, you know, you"}, {"end": "00:11:45", "start": "00:11:43", "text": "can see right on the screen, you can"}, {"end": "00:11:48", "start": "00:11:44", "text": "pause my video, you can go to the"}, {"end": "00:11:50", "start": "00:11:45", "text": "economics forum, um, and, um, Funcracker"}, {"end": "00:11:52", "start": "00:11:48", "text": "put out an awesome um, also an awesome"}, {"end": "00:11:54", "start": "00:11:50", "text": "article um, from Aphia on X. Um, if you"}, {"end": "00:11:55", "start": "00:11:52", "text": "guys want to check that out that also"}, {"end": "00:11:57", "start": "00:11:54", "text": "has a placard in it, but we'll just jump"}, {"end": "00:11:59", "start": "00:11:55", "text": "through it real fast. Um, Discord"}, {"end": "00:12:01", "start": "00:11:57", "text": "giveaways will be very low. Hall Sim"}, {"end": "00:12:04", "start": "00:11:59", "text": "transactions, Star Atlas Discord level,"}, {"end": "00:12:06", "start": "00:12:01", "text": "what level you are um in the Star Atlas"}, {"end": "00:12:08", "start": "00:12:04", "text": "Discord, and if you tweet # zinc airdrop"}, {"end": "00:12:10", "start": "00:12:06", "text": "up to two times, you will have a low"}, {"end": "00:12:13", "start": "00:12:08", "text": "point value for all of those. Um"}, {"end": "00:12:15", "start": "00:12:10", "text": "Starless Brew attendant,"}, {"end": "00:12:16", "start": "00:12:13", "text": "I can never almost never can make the uh"}, {"end": "00:12:18", "start": "00:12:15", "text": "start the Atlas Brew because it's the"}, {"end": "00:12:19", "start": "00:12:16", "text": "middle of my workday. Sure, a lot of"}, {"end": "00:12:21", "start": "00:12:18", "text": "people in the United States of America"}, {"end": "00:12:22", "start": "00:12:19", "text": "like me uh have a hard time doing that."}, {"end": "00:12:24", "start": "00:12:21", "text": "It's right in the middle of our workday."}, {"end": "00:12:27", "start": "00:12:22", "text": "Um but that will give you a medium low"}, {"end": "00:12:28", "start": "00:12:24", "text": "um amount of points. Um retweet zinc"}, {"end": "00:12:31", "start": "00:12:27", "text": "announcement on X. That's super easy to"}, {"end": "00:12:33", "start": "00:12:28", "text": "do, right? U medium low. Um there will"}, {"end": "00:12:34", "start": "00:12:31", "text": "be a Unreal Engine 5 competition that"}, {"end": "00:12:36", "start": "00:12:33", "text": "will give you a medium amount of points."}, {"end": "00:12:39", "start": "00:12:34", "text": "Um these are really easy. Follow um Star"}, {"end": "00:12:40", "start": "00:12:36", "text": "Atlas on X and follow Zinc on X. You"}, {"end": "00:12:42", "start": "00:12:39", "text": "already are doing that. You don't have"}, {"end": "00:12:44", "start": "00:12:40", "text": "to do it a second time. I guess it'll be"}, {"end": "00:12:46", "start": "00:12:42", "text": "counted. Um so don't worry about that."}, {"end": "00:12:48", "start": "00:12:44", "text": "And join that will be medium. And also"}, {"end": "00:12:51", "start": "00:12:46", "text": "join Star Atlas Discord. Medium amount"}, {"end": "00:12:54", "start": "00:12:48", "text": "of allocations of zinc. Um then Star"}, {"end": "00:12:56", "start": "00:12:51", "text": "Atlas Discord level bonus. The top 100"}, {"end": "00:12:58", "start": "00:12:54", "text": "people in Star Atlas uh Discord will,"}, {"end": "00:12:59", "start": "00:12:56", "text": "you know, grab that. They probably"}, {"end": "00:13:02", "start": "00:12:58", "text": "deserve that. That's a lot of work"}, {"end": "00:13:04", "start": "00:12:59", "text": "making up to those levels. I'm like I'm"}, {"end": "00:13:06", "start": "00:13:02", "text": "like top like 10,000. I'm I'm terrible."}, {"end": "00:13:08", "start": "00:13:04", "text": "I never go on Discord. Uh it's just me"}, {"end": "00:13:12", "start": "00:13:06", "text": "being a Gen Xer I think and it confuses"}, {"end": "00:13:13", "start": "00:13:08", "text": "my brain. Um subscribe to Star Atlas"}, {"end": "00:13:15", "start": "00:13:12", "text": "YouTube channel. That's medium high."}, {"end": "00:13:17", "start": "00:13:13", "text": "That's super easy to do if you haven't"}, {"end": "00:13:19", "start": "00:13:15", "text": "done it already. Um mainet transaction."}, {"end": "00:13:22", "start": "00:13:17", "text": "Um so I believe that that would be you"}, {"end": "00:13:24", "start": "00:13:19", "text": "know a transaction doing something on"}, {"end": "00:13:26", "start": "00:13:22", "text": "Sage Starbase, let's say. Um you know"}, {"end": "00:13:27", "start": "00:13:24", "text": "you you're doing a bunch of transactions"}, {"end": "00:13:28", "start": "00:13:26", "text": "like that that's medium high. Okay. So,"}, {"end": "00:13:31", "start": "00:13:27", "text": "if you're playing Starbase, that'll be"}, {"end": "00:13:34", "start": "00:13:28", "text": "pretty cool. Um, you'll be acrewing um a"}, {"end": "00:13:36", "start": "00:13:31", "text": "medium high amount of uh zinc tokens for"}, {"end": "00:13:38", "start": "00:13:34", "text": "that. Now, I know Chris uh during the"}, {"end": "00:13:40", "start": "00:13:36", "text": "economics forum, he did say um that"}, {"end": "00:13:42", "start": "00:13:38", "text": "there was a certain action or multiple"}, {"end": "00:13:44", "start": "00:13:40", "text": "different actions, I think, on Starbase"}, {"end": "00:13:46", "start": "00:13:42", "text": "that will um give you zinc points. Um"}, {"end": "00:13:47", "start": "00:13:44", "text": "but they're very attuned to making sure"}, {"end": "00:13:49", "start": "00:13:46", "text": "that, you know, someone out there can't"}, {"end": "00:13:51", "start": "00:13:47", "text": "manipulate it to get more tokens than"}, {"end": "00:13:53", "start": "00:13:49", "text": "the average player. Um it it's just it's"}, {"end": "00:13:55", "start": "00:13:51", "text": "keyed into making sure that, you know,"}, {"end": "00:13:58", "start": "00:13:53", "text": "fair gameplay gives you zinc tokens. Um"}, {"end": "00:14:01", "start": "00:13:55", "text": "now marketplace purchases um the amount"}, {"end": "00:14:03", "start": "00:13:58", "text": "per USD will give you a very high amount"}, {"end": "00:14:04", "start": "00:14:01", "text": "of zinc tokens. So maybe you might, you"}, {"end": "00:14:06", "start": "00:14:03", "text": "know, if you want to purchase some ships"}, {"end": "00:14:08", "start": "00:14:04", "text": "in the future, maybe you know some super"}, {"end": "00:14:10", "start": "00:14:06", "text": "expensive ones, uh maybe wait until the"}, {"end": "00:14:12", "start": "00:14:08", "text": "farming, you know, is taken off and uh"}, {"end": "00:14:15", "start": "00:14:10", "text": "yeah, buy away, right? And then um this"}, {"end": "00:14:19", "start": "00:14:12", "text": "um Atlas Atlas locked and Polus locked"}, {"end": "00:14:21", "start": "00:14:15", "text": "um PvP per day for Polus um is high a"}, {"end": "00:14:23", "start": "00:14:19", "text": "high amount. And they all Chris Christ"}, {"end": "00:14:25", "start": "00:14:21", "text": "also said that um you don't need a whole"}, {"end": "00:14:28", "start": "00:14:23", "text": "like create like 30 wallets to try to"}, {"end": "00:14:29", "start": "00:14:25", "text": "get u more zinc tokens. it's actually"}, {"end": "00:14:32", "start": "00:14:28", "text": "better for you to actually have just one"}, {"end": "00:14:34", "start": "00:14:29", "text": "wallet and to focus um all your Atlas"}, {"end": "00:14:37", "start": "00:14:32", "text": "and Polus lockaways onto that one"}, {"end": "00:14:39", "start": "00:14:34", "text": "wallet. And also um uh someone that's"}, {"end": "00:14:41", "start": "00:14:37", "text": "jumping in um that's new that's never"}, {"end": "00:14:44", "start": "00:14:39", "text": "locked Atlas or Polus um has just as"}, {"end": "00:14:45", "start": "00:14:41", "text": "fair advantage as someone that has been"}, {"end": "00:14:48", "start": "00:14:44", "text": "locking for the past bunch of years I"}, {"end": "00:14:49", "start": "00:14:45", "text": "think is what he said. Um so yeah um"}, {"end": "00:14:51", "start": "00:14:48", "text": "watch the economic forum um because you"}, {"end": "00:14:53", "start": "00:14:49", "text": "know it's further explained a lot better"}, {"end": "00:14:55", "start": "00:14:51", "text": "than what I just did uh through Chris."}, {"end": "00:14:57", "start": "00:14:53", "text": "So check that out. Okay, I'll leave a"}, {"end": "00:15:00", "start": "00:14:55", "text": "link below. And again, here is the"}, {"end": "00:15:02", "start": "00:14:57", "text": "article um from Aphia and um Funcracker"}, {"end": "00:15:03", "start": "00:15:00", "text": "breaks down some of the key points, too."}, {"end": "00:15:06", "start": "00:15:02", "text": "I'll I'll try to leave a link for this"}, {"end": "00:15:08", "start": "00:15:03", "text": "also down below. Now, I haven't talked"}, {"end": "00:15:10", "start": "00:15:06", "text": "about Hollow Sim a heck of a lot on my"}, {"end": "00:15:14", "start": "00:15:08", "text": "channel. Uh I had some issues, but I did"}, {"end": "00:15:17", "start": "00:15:10", "text": "buy the battle pass. Um I was playing on"}, {"end": "00:15:19", "start": "00:15:14", "text": "um and man, I got I screwed something"}, {"end": "00:15:21", "start": "00:15:17", "text": "up. It was It's a little bit my fault a"}, {"end": "00:15:24", "start": "00:15:19", "text": "little bit. Um Automat's fault."}, {"end": "00:15:26", "start": "00:15:21", "text": "Basically, um I created multiple um uh"}, {"end": "00:15:28", "start": "00:15:24", "text": "characters on my one account by by"}, {"end": "00:15:30", "start": "00:15:26", "text": "accident. I was having some type of"}, {"end": "00:15:31", "start": "00:15:28", "text": "glitch that was going on and I kept on"}, {"end": "00:15:33", "start": "00:15:30", "text": "trying to recreate a new account,"}, {"end": "00:15:34", "start": "00:15:31", "text": "recreate a new account. And what it did"}, {"end": "00:15:36", "start": "00:15:33", "text": "is it created a whole bunch of"}, {"end": "00:15:38", "start": "00:15:34", "text": "characters. And what happened was as I"}, {"end": "00:15:40", "start": "00:15:36", "text": "was leveling up, um when I was playing"}, {"end": "00:15:43", "start": "00:15:38", "text": "on um"}, {"end": "00:15:44", "start": "00:15:40", "text": "basically uh I wasn't getting any of my"}, {"end": "00:15:46", "start": "00:15:43", "text": "crew members, my crew members were going"}, {"end": "00:15:49", "start": "00:15:44", "text": "to I guess a different character. And so"}, {"end": "00:15:51", "start": "00:15:46", "text": "I had 14 characters as I was trying to"}, {"end": "00:15:52", "start": "00:15:49", "text": "or 14 crew members for to fly all my"}, {"end": "00:15:54", "start": "00:15:51", "text": "fleets to do all my crafting, everything"}, {"end": "00:15:58", "start": "00:15:52", "text": "like that. And it was going terrible."}, {"end": "00:16:00", "start": "00:15:54", "text": "Um, so I was delayed. I was working with"}, {"end": "00:16:02", "start": "00:15:58", "text": "Xcode. Um, thank you so much, Xcode. And"}, {"end": "00:16:05", "start": "00:16:00", "text": "uh, and V V actually helped me get my"}, {"end": "00:16:07", "start": "00:16:02", "text": "battle pass going. And uh, so I I could"}, {"end": "00:16:08", "start": "00:16:05", "text": "not even look at the screen anymore"}, {"end": "00:16:10", "start": "00:16:07", "text": "because I was so like I was just"}, {"end": "00:16:12", "start": "00:16:08", "text": "frustrated and I was it was going so"}, {"end": "00:16:15", "start": "00:16:10", "text": "slow. I was watching everyone level up"}, {"end": "00:16:16", "start": "00:16:12", "text": "and I was dragging, man. with only 14"}, {"end": "00:16:18", "start": "00:16:15", "text": "crew members. I should have had like"}, {"end": "00:16:20", "start": "00:16:16", "text": "something like like 60 at the time or"}, {"end": "00:16:23", "start": "00:16:18", "text": "something like that. Um, so I went from"}, {"end": "00:16:25", "start": "00:16:20", "text": "like in the 300s rank to like I was like"}, {"end": "00:16:27", "start": "00:16:23", "text": "down to like 67 800. I don't know what I"}, {"end": "00:16:29", "start": "00:16:25", "text": "was. I was just getting demolished. Um,"}, {"end": "00:16:31", "start": "00:16:27", "text": "so I had to start all over. All over. I"}, {"end": "00:16:33", "start": "00:16:29", "text": "was a week late. So I'm I'm I'm lagging"}, {"end": "00:16:35", "start": "00:16:31", "text": "a week behind everyone else. Um,"}, {"end": "00:16:38", "start": "00:16:33", "text": "basically like on Hollow Sim. So I'm up"}, {"end": "00:16:39", "start": "00:16:35", "text": "to rank 390 right now, you know. So"}, {"end": "00:16:42", "start": "00:16:38", "text": "that's not bad starting a week late. Um,"}, {"end": "00:16:44", "start": "00:16:39", "text": "I'm a level 21 booster. Um, but"}, {"end": "00:16:46", "start": "00:16:42", "text": "congratulations. I guess during economic"}, {"end": "00:16:49", "start": "00:16:44", "text": "form they said 21 people have um have"}, {"end": "00:16:51", "start": "00:16:46", "text": "completed the entire storyline quest. Uh"}, {"end": "00:16:52", "start": "00:16:49", "text": "I'm not even close to completing the"}, {"end": "00:16:55", "start": "00:16:51", "text": "storyline quest again. I'm like starting"}, {"end": "00:16:57", "start": "00:16:52", "text": "a week week later from everyone else. Um"}, {"end": "00:16:59", "start": "00:16:55", "text": "but uh I mean that's also you know you"}, {"end": "00:17:00", "start": "00:16:57", "text": "you figured not only a week later but"}, {"end": "00:17:02", "start": "00:16:59", "text": "you know like you know doing the daily"}, {"end": "00:17:03", "start": "00:17:00", "text": "the daily quest and everything like"}, {"end": "00:17:06", "start": "00:17:02", "text": "that. Like I'm a week dragging behind"}, {"end": "00:17:07", "start": "00:17:03", "text": "everyone. So um but I you know I'm"}, {"end": "00:17:09", "start": "00:17:06", "text": "determined. I'm determined. I would love"}, {"end": "00:17:11", "start": "00:17:07", "text": "to get uh in in the top I guess I'm in"}, {"end": "00:17:13", "start": "00:17:09", "text": "the top 400 you could say. I want to be"}, {"end": "00:17:14", "start": "00:17:11", "text": "in the top 300. Um, that would be great"}, {"end": "00:17:16", "start": "00:17:13", "text": "if I can somehow accomplish that coming"}, {"end": "00:17:18", "start": "00:17:14", "text": "in, you know, so late. But, uh, I just"}, {"end": "00:17:21", "start": "00:17:16", "text": "want to play this one video right here"}, {"end": "00:17:23", "start": "00:17:18", "text": "real fast. So, Allesca, uh, Flamingo"}, {"end": "00:17:25", "start": "00:17:21", "text": "right here, uh, writes, \"He finished the"}, {"end": "00:17:26", "start": "00:17:23", "text": "Hollow Sims story line, and, you know,"}, {"end": "00:17:27", "start": "00:17:25", "text": "he thanks a bunch of people and stuff"}, {"end": "00:17:29", "start": "00:17:26", "text": "like that, including Vanguard right"}, {"end": "00:17:31", "start": "00:17:27", "text": "here, Gaming Onslaught, all that.\" Um,"}, {"end": "00:17:32", "start": "00:17:29", "text": "but I just wanted to play this video cuz"}, {"end": "00:17:34", "start": "00:17:31", "text": "I thought it was worth it. Um, this is"}, {"end": "00:17:35", "start": "00:17:32", "text": "retweeted um, right through Star Alice."}, {"end": "00:17:37", "start": "00:17:34", "text": "So, a lot of people probably already saw"}, {"end": "00:17:39", "start": "00:17:35", "text": "it, but I think it's awesome because um,"}, {"end": "00:17:41", "start": "00:17:37", "text": "I think he's pretty new to Star Alice"}, {"end": "00:17:42", "start": "00:17:39", "text": "from what I can tell and it's cool to"}, {"end": "00:17:43", "start": "00:17:41", "text": "see someone um, you know, really"}, {"end": "00:17:46", "start": "00:17:42", "text": "enjoying the game. So, let's check this"}, {"end": "00:17:49", "start": "00:17:43", "text": "out. We finished the Holo Sims story"}, {"end": "00:17:51", "start": "00:17:46", "text": "line and we are getting that Zeus"}, {"end": "00:17:54", "start": "00:17:49", "text": "spaceship and we are getting that Soul"}, {"end": "00:17:57", "start": "00:17:51", "text": "Flare skin which looks pretty dope."}, {"end": "00:17:59", "start": "00:17:54", "text": "Let's go. I finished 50th on Global Rank"}, {"end": "00:18:01", "start": "00:17:57", "text": "now. Currently, it's showing 51 here,"}, {"end": "00:18:03", "start": "00:17:59", "text": "but while I was recording, I dropped one"}, {"end": "00:18:06", "start": "00:18:01", "text": "place. Hopefully, I'm going to get into"}, {"end": "00:18:08", "start": "00:18:03", "text": "that 50th and claim some cool prizes"}, {"end": "00:18:10", "start": "00:18:06", "text": "next to this skin and spaceship. Guys,"}, {"end": "00:18:12", "start": "00:18:08", "text": "this was an amazing experience for me. I"}, {"end": "00:18:16", "start": "00:18:10", "text": "haven't played a lot of games like this"}, {"end": "00:18:18", "start": "00:18:12", "text": "in past. So, props to Star Atlas and"}, {"end": "00:18:20", "start": "00:18:16", "text": "please remember that this is just season"}, {"end": "00:18:22", "start": "00:18:18", "text": "1 chapter 1. They going to update the"}, {"end": "00:18:24", "start": "00:18:20", "text": "game. I know that they are already"}, {"end": "00:18:27", "start": "00:18:22", "text": "thinking in future up ahead what they"}, {"end": "00:18:30", "start": "00:18:24", "text": "need to change and how this experience"}, {"end": "00:18:32", "start": "00:18:27", "text": "is going to be much more smooth in the"}, {"end": "00:18:34", "start": "00:18:30", "text": "future. So in Salana Gaming Discord, we"}, {"end": "00:18:36", "start": "00:18:32", "text": "were grinding like crazy for these two,"}, {"end": "00:18:37", "start": "00:18:34", "text": "three weeks. Stop by if you want. We're"}, {"end": "00:18:39", "start": "00:18:36", "text": "going to help you out. We're going to"}, {"end": "00:18:42", "start": "00:18:37", "text": "share some resources, share the tips and"}, {"end": "00:18:44", "start": "00:18:39", "text": "tricks that we have and have fun while"}, {"end": "00:18:48", "start": "00:18:42", "text": "playing games. So yeah, that's it."}, {"end": "00:18:51", "start": "00:18:44", "text": "Flamingo out. Whoop. Let's go. Woohoo."}, {"end": "00:18:53", "start": "00:18:48", "text": "So rock on Flamingo, man. That is cool,"}, {"end": "00:18:55", "start": "00:18:51", "text": "man. Um, I'm jealous. I'm super jealous."}, {"end": "00:18:56", "start": "00:18:53", "text": "Super super jealous. Um, so yeah, I'm"}, {"end": "00:18:57", "start": "00:18:55", "text": "going to grind. I'm going to grind. I"}, {"end": "00:18:59", "start": "00:18:56", "text": "just, you know, I would love to just be,"}, {"end": "00:19:01", "start": "00:18:57", "text": "like I said, in the top 300 if I can"}, {"end": "00:19:03", "start": "00:18:59", "text": "make it. Um, and, you know, I'm not"}, {"end": "00:19:05", "start": "00:19:01", "text": "going to put my expectations too high."}, {"end": "00:19:07", "start": "00:19:03", "text": "Next time, next time. I know what I did"}, {"end": "00:19:10", "start": "00:19:05", "text": "wrong. So, you know, I'm going to make"}, {"end": "00:19:13", "start": "00:19:07", "text": "sure that, uh, I have a clean start to"}, {"end": "00:19:14", "start": "00:19:10", "text": "season two. Oh, man. I want to jump into"}, {"end": "00:19:16", "start": "00:19:13", "text": "Chipto. It's probably going to be I'm"}, {"end": "00:19:19", "start": "00:19:14", "text": "I'm going to do a lot I think in future"}, {"end": "00:19:23", "start": "00:19:16", "text": "recap videos um on Chipto's uh whole"}, {"end": "00:19:24", "start": "00:19:19", "text": "entire um dev logs. But uh man, it's"}, {"end": "00:19:27", "start": "00:19:23", "text": "it's been awesome to see you know the"}, {"end": "00:19:29", "start": "00:19:24", "text": "behind the scenes on the game. Um I this"}, {"end": "00:19:32", "start": "00:19:27", "text": "just right here um so this was uh 3"}, {"end": "00:19:33", "start": "00:19:29", "text": "hours ago. Um you can see so this is"}, {"end": "00:19:35", "start": "00:19:32", "text": "what you know when you walk by thin"}, {"end": "00:19:40", "start": "00:19:33", "text": "objects look how glitchy it would look."}, {"end": "00:19:41", "start": "00:19:35", "text": "Um and then he fixed that just you know"}, {"end": "00:19:44", "start": "00:19:40", "text": "working like last night like look how"}, {"end": "00:19:46", "start": "00:19:41", "text": "clean it looks now. It's crazy. Crazy."}, {"end": "00:19:47", "start": "00:19:44", "text": "You know, those little tiny subtle"}, {"end": "00:19:49", "start": "00:19:46", "text": "things that make a game like that much"}, {"end": "00:19:52", "start": "00:19:47", "text": "better. Um, but what he's been working"}, {"end": "00:19:54", "start": "00:19:49", "text": "on a lot in the past week or so is"}, {"end": "00:19:56", "start": "00:19:52", "text": "really honing in on optimizing the game"}, {"end": "00:19:59", "start": "00:19:54", "text": "and making the game running a lot better"}, {"end": "00:20:02", "start": "00:19:56", "text": "on um, you know, taking up a lot more"}, {"end": "00:20:04", "start": "00:19:59", "text": "um, CPU, GPU um, space on your computer"}, {"end": "00:20:06", "start": "00:20:02", "text": "as you're trying to run it. Um, so maybe"}, {"end": "00:20:07", "start": "00:20:04", "text": "people with slower rig, like not the"}, {"end": "00:20:10", "start": "00:20:06", "text": "best, you know, like high performance"}, {"end": "00:20:12", "start": "00:20:07", "text": "rigs um in the future. Very maybe even"}, {"end": "00:20:13", "start": "00:20:10", "text": "in this new October update will have a"}, {"end": "00:20:15", "start": "00:20:12", "text": "much better experience, you know,"}, {"end": "00:20:16", "start": "00:20:13", "text": "playing Star Atlas or people that"}, {"end": "00:20:18", "start": "00:20:15", "text": "couldn't even run Star Atlas before"}, {"end": "00:20:20", "start": "00:20:16", "text": "might be able to actually uh run it."}, {"end": "00:20:23", "start": "00:20:18", "text": "He's also been working a lot on sound."}, {"end": "00:20:24", "start": "00:20:20", "text": "Um, so cool stuff, man. I really enjoy"}, {"end": "00:20:26", "start": "00:20:23", "text": "this uh, you know, these devlogs. Thank"}, {"end": "00:20:29", "start": "00:20:24", "text": "you, Chip, so much. Seriously, I love"}, {"end": "00:20:31", "start": "00:20:26", "text": "it. So, um, man, I want to do a little"}, {"end": "00:20:33", "start": "00:20:29", "text": "bit of a follow-up on my last recap. I"}, {"end": "00:20:35", "start": "00:20:31", "text": "talked about a couple things and the"}, {"end": "00:20:38", "start": "00:20:33", "text": "first one is the Star Atlas comet meetup"}, {"end": "00:20:40", "start": "00:20:35", "text": "in clone Germany. Um I want to play this"}, {"end": "00:20:41", "start": "00:20:38", "text": "video right here. I think that Shadex"}, {"end": "00:20:42", "start": "00:20:40", "text": "was behind the video. Shadex, let me"}, {"end": "00:20:44", "start": "00:20:41", "text": "know if you are the one that put the"}, {"end": "00:20:46", "start": "00:20:42", "text": "music, edited everything like that. Um"}, {"end": "00:20:48", "start": "00:20:44", "text": "maybe it was a couple different people"}, {"end": "00:20:50", "start": "00:20:46", "text": "all together um putting it together. But"}, {"end": "00:20:51", "start": "00:20:48", "text": "regardless, I want to play it because"}, {"end": "00:20:54", "start": "00:20:50", "text": "it's absolutely beautiful and it's"}, {"end": "00:20:57", "start": "00:20:51", "text": "awesome to see a family."}, {"end": "00:21:03", "start": "00:20:54", "text": "Um so did I do that right? Is that a"}, {"end": "00:21:03", "start": "00:20:57", "text": "heart? Uh so let's check it out. Heat."}, {"end": "00:21:13", "start": "00:21:03", "text": "[Music]"}, {"end": "00:21:15", "start": "00:21:13", "text": "Heat."}, {"end": "00:21:17", "start": "00:21:14", "text": "[Music]"}, {"end": "00:21:36", "start": "00:21:15", "text": "[Applause]"}, {"end": "00:21:39", "start": "00:21:17", "text": "[Music]"}, {"end": "00:21:43", "start": "00:21:36", "text": "Tell me is the day."}, {"end": "00:21:44", "start": "00:21:39", "text": "Tell me if it's all right."}, {"end": "00:21:49", "start": "00:21:43", "text": "All right."}, {"end": "00:21:52", "start": "00:21:44", "text": "I feel so light"}, {"end": "00:21:57", "start": "00:21:49", "text": "all the time."}, {"end": "00:21:57", "start": "00:21:52", "text": "And I don't mind."}, {"end": "00:22:08", "start": "00:21:59", "text": "I feel so"}, {"end": "00:22:08", "start": "00:22:02", "text": "[Music]"}, {"end": "00:22:17", "start": "00:22:11", "text": "Beautiful"}, {"end": "00:22:19", "start": "00:22:13", "text": "[Music]"}, {"end": "00:22:21", "start": "00:22:17", "text": "stuff, right? Um, the next thing I want"}, {"end": "00:22:25", "start": "00:22:19", "text": "to uh do a follow-up on is the whole"}, {"end": "00:22:27", "start": "00:22:21", "text": "entire Iris Quest uh competition. Um,"}, {"end": "00:22:29", "start": "00:22:25", "text": "uh, we're in a couple retweets from"}, {"end": "00:22:32", "start": "00:22:27", "text": "Starless community. Let's jump in. Let's"}, {"end": "00:22:36", "start": "00:22:29", "text": "look at Andre's right here. Um, so he"}, {"end": "00:22:38", "start": "00:22:32", "text": "was the Vanguard Bravo team won the Iris"}, {"end": "00:22:41", "start": "00:22:36", "text": "Quest. Congratulations, Vanguard. Um,"}, {"end": "00:22:43", "start": "00:22:38", "text": "the Flame Forge contest. We are the best"}, {"end": "00:22:46", "start": "00:22:41", "text": "racers, best hollowosim guild, um, best"}, {"end": "00:22:48", "start": "00:22:43", "text": "mud sage guild, best shooters, and most"}, {"end": "00:22:50", "start": "00:22:46", "text": "sexy players of Calia. Uh, they're not"}, {"end": "00:22:52", "start": "00:22:48", "text": "doing so well on Hollow Sim all of a"}, {"end": "00:22:54", "start": "00:22:50", "text": "sudden. I don't think Mud is doing"}, {"end": "00:22:56", "start": "00:22:52", "text": "fantastic. Let's take a peek. Um, uh,"}, {"end": "00:22:59", "start": "00:22:54", "text": "yeah, Mud Mud's Mud's Mud's lagging"}, {"end": "00:23:01", "start": "00:22:56", "text": "behind Oni and Ster at this very moment."}, {"end": "00:23:02", "start": "00:22:59", "text": "Um, man, you got to step it up, Mud. But"}, {"end": "00:23:03", "start": "00:23:01", "text": "for the most part, you know, you know,"}, {"end": "00:23:06", "start": "00:23:02", "text": "maybe Vanguard is the best players in"}, {"end": "00:23:08", "start": "00:23:03", "text": "Mud. Maybe. So, here's the whole"}, {"end": "00:23:12", "start": "00:23:06", "text": "breakdown. And it uh you know was"}, {"end": "00:23:14", "start": "00:23:08", "text": "between um uh Vanguard Bravo and UMG."}, {"end": "00:23:16", "start": "00:23:12", "text": "And what's cool about UMG is uh they"}, {"end": "00:23:18", "start": "00:23:14", "text": "came out of nowhere apparently. Um but"}, {"end": "00:23:21", "start": "00:23:16", "text": "that is uh yeah my buddy one of my good"}, {"end": "00:23:23", "start": "00:23:18", "text": "buddies on X and on YouTube. Um ah"}, {"end": "00:23:26", "start": "00:23:21", "text": "here's the post right here. Um yeah,"}, {"end": "00:23:30", "start": "00:23:23", "text": "Kryptoiji man Gustrov fellow YouTuber."}, {"end": "00:23:33", "start": "00:23:26", "text": "Um, so man from the Macedonians and you"}, {"end": "00:23:35", "start": "00:23:30", "text": "can see right here uh the UMG gang right"}, {"end": "00:23:37", "start": "00:23:33", "text": "there coming out of nowhere almost"}, {"end": "00:23:41", "start": "00:23:35", "text": "taking the whole entire lead. But"}, {"end": "00:23:43", "start": "00:23:37", "text": "congratulations to Vanguard and man Neo"}, {"end": "00:23:45", "start": "00:23:41", "text": "Armstrong doing I think an 8 hour stint"}, {"end": "00:23:47", "start": "00:23:43", "text": "of uh you know of broadcasting the whole"}, {"end": "00:23:49", "start": "00:23:45", "text": "entire event. Here we go. Vanguard's"}, {"end": "00:23:51", "start": "00:23:47", "text": "Agent Solos right here. This um post"}, {"end": "00:23:53", "start": "00:23:49", "text": "right here. Uh this is extremely epic."}, {"end": "00:23:55", "start": "00:23:51", "text": "Great job Iris Quest team. Um, and then"}, {"end": "00:23:58", "start": "00:23:53", "text": "yeah, he thanks uh Neil Armstrong and"}, {"end": "00:24:00", "start": "00:23:55", "text": "then Moringa also um was a co-host on,"}, {"end": "00:24:02", "start": "00:23:58", "text": "you know, um com with the commentary on"}, {"end": "00:24:04", "start": "00:24:00", "text": "the whole entire event. That's insane,"}, {"end": "00:24:06", "start": "00:24:02", "text": "man. I don't know how his uh both their"}, {"end": "00:24:09", "start": "00:24:04", "text": "voices held out, especially Neo"}, {"end": "00:24:12", "start": "00:24:06", "text": "Armstrong. Um but let's see. Uh one"}, {"end": "00:24:15", "start": "00:24:09", "text": "more. Bruho um did a little post on it."}, {"end": "00:24:16", "start": "00:24:12", "text": "Um so this is by Bruho put this out. Um"}, {"end": "00:24:18", "start": "00:24:15", "text": "final moments of the last match of the"}, {"end": "00:24:20", "start": "00:24:16", "text": "Iris Quest tournament when the team"}, {"end": "00:24:22", "start": "00:24:18", "text": "sends their best players to determine"}, {"end": "00:24:24", "start": "00:24:20", "text": "the MVP. Um yeah, this is kind of hosted"}, {"end": "00:24:25", "start": "00:24:22", "text": "by Santi and Dom here. But uh yeah, I"}, {"end": "00:24:27", "start": "00:24:24", "text": "just want to play just the very last"}, {"end": "00:24:29", "start": "00:24:25", "text": "seconds of the last uh seconds."}, {"end": "00:24:30", "start": "00:24:27", "text": "Stay on the board. We see Let's see if"}, {"end": "00:24:32", "start": "00:24:29", "text": "he can clutch this out."}, {"end": "00:24:33", "start": "00:24:30", "text": "Oh, it's Vicks right in the back. And"}, {"end": "00:24:35", "start": "00:24:32", "text": "then he has his pro killer right in"}, {"end": "00:24:37", "start": "00:24:33", "text": "front of him for the pick. It's 48"}, {"end": "00:24:37", "start": "00:24:35", "text": "kills. Two more kills left. Two more"}, {"end": "00:24:39", "start": "00:24:37", "text": "kills."}, {"end": "00:24:40", "start": "00:24:37", "text": "Two more kills for Hagar. He wants Vick"}, {"end": "00:24:44", "start": "00:24:39", "text": "right in front of him in a row."}, {"end": "00:24:46", "start": "00:24:40", "text": "Oh. Oh. And then he Oh my god. Hacker."}, {"end": "00:24:48", "start": "00:24:44", "text": "Absolute battle. Is he going to kill"}, {"end": "00:24:50", "start": "00:24:46", "text": "Vick? This is a big kill. That's a huge"}, {"end": "00:24:52", "start": "00:24:48", "text": "kill. That's a huge killer. One to go."}, {"end": "00:24:53", "start": "00:24:50", "text": "Hackmer one kill away. Needs to be"}, {"end": "00:24:55", "start": "00:24:52", "text": "melee."}, {"end": "00:24:58", "start": "00:24:53", "text": "Obviously going over he doesn't win. No,"}, {"end": "00:24:59", "start": "00:24:55", "text": "he doesn't."}, {"end": "00:25:01", "start": "00:24:58", "text": "He know behind you."}, {"end": "00:25:03", "start": "00:24:59", "text": "Oh my god. Hy actually does the melee."}, {"end": "00:25:04", "start": "00:25:01", "text": "He does the melee for the memes."}, {"end": "00:25:05", "start": "00:25:03", "text": "Oh wow."}, {"end": "00:25:05", "start": "00:25:04", "text": "Crazy, man. So look at all these Look at"}, {"end": "00:25:07", "start": "00:25:05", "text": "these."}, {"end": "00:25:09", "start": "00:25:05", "text": "Oh my god. He actually does the"}, {"end": "00:25:11", "start": "00:25:07", "text": "Wait, hold on. Let me rewind it. So look"}, {"end": "00:25:15", "start": "00:25:09", "text": "at all these. I mean, these are absolute"}, {"end": "00:25:16", "start": "00:25:11", "text": "like elite legends right here. Um in the"}, {"end": "00:25:19", "start": "00:25:15", "text": "playing each other, you know, to see who"}, {"end": "00:25:20", "start": "00:25:16", "text": "is the absolute best. And um everyone"}, {"end": "00:25:22", "start": "00:25:19", "text": "always says, you know, Santi jokes about"}, {"end": "00:25:24", "start": "00:25:20", "text": "it a lot um in the Atlas Brew and stuff"}, {"end": "00:25:26", "start": "00:25:22", "text": "that like if you see Hackmer uh in the"}, {"end": "00:25:27", "start": "00:25:24", "text": "lobby, uh you know what's going to"}, {"end": "00:25:30", "start": "00:25:26", "text": "happen. Uh he's going to absolutely"}, {"end": "00:25:31", "start": "00:25:27", "text": "slaughter you. But um another he I'm"}, {"end": "00:25:33", "start": "00:25:30", "text": "surprised he was only six because a lot"}, {"end": "00:25:36", "start": "00:25:31", "text": "of people talk about him all the time,"}, {"end": "00:25:39", "start": "00:25:33", "text": "but uh kill this guy. Um part of the Q"}, {"end": "00:25:42", "start": "00:25:36", "text": "gang also. Um man, he every time I don't"}, {"end": "00:25:43", "start": "00:25:39", "text": "know how I am so unlucky, but um I know"}, {"end": "00:25:44", "start": "00:25:42", "text": "he's from the United States and I know"}, {"end": "00:25:46", "start": "00:25:43", "text": "this because he just put out a video."}, {"end": "00:25:48", "start": "00:25:44", "text": "Um, so me and him are awake at the same"}, {"end": "00:25:50", "start": "00:25:46", "text": "time. And uh, every time I happen to go"}, {"end": "00:25:52", "start": "00:25:48", "text": "into the lobby, he's in there and he"}, {"end": "00:25:53", "start": "00:25:50", "text": "kills me over and over and over and over"}, {"end": "00:25:55", "start": "00:25:52", "text": "and over and over and over and over"}, {"end": "00:25:58", "start": "00:25:53", "text": "again."}, {"end": "00:25:59", "start": "00:25:55", "text": "And uh, this isn't like an octim. Uh,"}, {"end": "00:26:01", "start": "00:25:58", "text": "they do have a question though about"}, {"end": "00:26:05", "start": "00:25:59", "text": "this. Um, we are going to check"}, {"end": "00:26:07", "start": "00:26:01", "text": "something out. So uh, Bruo put out a um,"}, {"end": "00:26:09", "start": "00:26:05", "text": "another poster here. It says, \"Here's a"}, {"end": "00:26:11", "start": "00:26:07", "text": "clip from Kill the Sky video where he"}, {"end": "00:26:14", "start": "00:26:09", "text": "shows basic aspects of the game and"}, {"end": "00:26:16", "start": "00:26:11", "text": "shares tips to improve.\" So, with that"}, {"end": "00:26:19", "start": "00:26:14", "text": "said, kill this guy. Kills me all the"}, {"end": "00:26:20", "start": "00:26:16", "text": "time. And I want to say because he kills"}, {"end": "00:26:22", "start": "00:26:19", "text": "me all the time and he's always in every"}, {"end": "00:26:25", "start": "00:26:20", "text": "single lobby and I almost can never go"}, {"end": "00:26:28", "start": "00:26:22", "text": "into play UE5 without him being in the"}, {"end": "00:26:30", "start": "00:26:25", "text": "lobby. Uh, I kind of stop playing UEIE5"}, {"end": "00:26:32", "start": "00:26:28", "text": "because he slaughters me every single"}, {"end": "00:26:34", "start": "00:26:30", "text": "time. And it's kind of not that fun."}, {"end": "00:26:35", "start": "00:26:32", "text": "It's like I literally spawn in and he's"}, {"end": "00:26:36", "start": "00:26:34", "text": "like right there and he kills me. I"}, {"end": "00:26:38", "start": "00:26:35", "text": "spawn in again, he's right there and he"}, {"end": "00:26:39", "start": "00:26:36", "text": "kills me. He's not like really camping,"}, {"end": "00:26:42", "start": "00:26:38", "text": "but he's so good that like he's all the"}, {"end": "00:26:43", "start": "00:26:39", "text": "way across like like like on the other"}, {"end": "00:26:46", "start": "00:26:42", "text": "side of the map and he just shoots me"}, {"end": "00:26:48", "start": "00:26:43", "text": "like you know second I like walk in. But"}, {"end": "00:26:49", "start": "00:26:46", "text": "he put out a video even though he like"}, {"end": "00:26:51", "start": "00:26:48", "text": "stopped me from playing U5, he actually"}, {"end": "00:26:53", "start": "00:26:49", "text": "put out a video"}, {"end": "00:26:55", "start": "00:26:51", "text": "right here."}, {"end": "00:26:57", "start": "00:26:53", "text": "So he put out this video for noobs and I"}, {"end": "00:26:59", "start": "00:26:55", "text": "realized when he talks about like the"}, {"end": "00:27:01", "start": "00:26:57", "text": "things that noobs do wrongwards"}, {"end": "00:27:03", "start": "00:26:59", "text": "I'm doing like everything possibly"}, {"end": "00:27:04", "start": "00:27:01", "text": "wrong. He talks about like the movement"}, {"end": "00:27:06", "start": "00:27:03", "text": "and how it's easy to track and like you"}, {"end": "00:27:08", "start": "00:27:04", "text": "know flying like going backwards and"}, {"end": "00:27:09", "start": "00:27:06", "text": "like trying to run away like if you"}, {"end": "00:27:11", "start": "00:27:08", "text": "almost get killed like everything that"}, {"end": "00:27:14", "start": "00:27:09", "text": "he said like he told me not to do in"}, {"end": "00:27:17", "start": "00:27:11", "text": "this video is exactly what I do and"}, {"end": "00:27:19", "start": "00:27:14", "text": "which makes sense why uh yeah why it's"}, {"end": "00:27:22", "start": "00:27:17", "text": "so easy for him to kill me because I'm"}, {"end": "00:27:24", "start": "00:27:19", "text": "doing everything basically exactly I'm"}, {"end": "00:27:26", "start": "00:27:22", "text": "meat fodder I'm like you know he can"}, {"end": "00:27:28", "start": "00:27:24", "text": "farm XP by me because I'm so easy to"}, {"end": "00:27:31", "start": "00:27:26", "text": "kill uh and I'm a total noob you know"}, {"end": "00:27:32", "start": "00:27:28", "text": "especially keyboard and mouse u which I"}, {"end": "00:27:35", "start": "00:27:31", "text": "didn't think I was that bad at playing"}, {"end": "00:27:36", "start": "00:27:32", "text": "shooters because like I know it's just"}, {"end": "00:27:38", "start": "00:27:35", "text": "Fortnite, but I'm really good at"}, {"end": "00:27:40", "start": "00:27:36", "text": "Fortnite. I tend to like, you know,"}, {"end": "00:27:41", "start": "00:27:38", "text": "clean house and like like when I play"}, {"end": "00:27:43", "start": "00:27:40", "text": "solo matches and win all the time, but"}, {"end": "00:27:44", "start": "00:27:41", "text": "I'm so bad at this and I can't figure"}, {"end": "00:27:46", "start": "00:27:43", "text": "out why I'm so bad at this. I know it's"}, {"end": "00:27:47", "start": "00:27:44", "text": "part of part partially because the"}, {"end": "00:27:49", "start": "00:27:46", "text": "keyboard and mouse, but um I I just"}, {"end": "00:27:52", "start": "00:27:47", "text": "think that also Fortnite, you know, like"}, {"end": "00:27:54", "start": "00:27:49", "text": "is uh you know, they they put me in like"}, {"end": "00:27:56", "start": "00:27:52", "text": "they don't put me against like crazy"}, {"end": "00:27:58", "start": "00:27:54", "text": "crazy good players like I'm going"}, {"end": "00:28:00", "start": "00:27:56", "text": "against right here. So, I want if you"}, {"end": "00:28:02", "start": "00:27:58", "text": "guys are having the same issue as me, I"}, {"end": "00:28:03", "start": "00:28:00", "text": "want you to watch Kill This Guy's video."}, {"end": "00:28:04", "start": "00:28:02", "text": "There's a link down below. This is"}, {"end": "00:28:06", "start": "00:28:03", "text": "awesome, you know, and I really love his"}, {"end": "00:28:07", "start": "00:28:04", "text": "content. Uh, he only put out this one"}, {"end": "00:28:09", "start": "00:28:06", "text": "video for Star Alice so far, but I hope"}, {"end": "00:28:10", "start": "00:28:07", "text": "he puts out more. But, uh, I was just"}, {"end": "00:28:12", "start": "00:28:09", "text": "going to play a couple seconds,"}, {"end": "00:28:13", "start": "00:28:10", "text": "but then I incorporate turning my mouse"}, {"end": "00:28:15", "start": "00:28:12", "text": "at the same time. So, like while I'm"}, {"end": "00:28:16", "start": "00:28:13", "text": "tracking, I'm also turning my mouse. And"}, {"end": "00:28:18", "start": "00:28:15", "text": "then also make sure that you're strafing"}, {"end": "00:28:19", "start": "00:28:16", "text": "forward as well sometimes to counter"}, {"end": "00:28:20", "start": "00:28:18", "text": "strafing backwards because you don't"}, {"end": "00:28:22", "start": "00:28:19", "text": "want to just be on your back for the"}, {"end": "00:28:24", "start": "00:28:20", "text": "whole time instead of just left to"}, {"end": "00:28:26", "start": "00:28:22", "text": "right. So, you kind of like a circle. I"}, {"end": "00:28:28", "start": "00:28:24", "text": "guess you can follow the keystrokes."}, {"end": "00:28:30", "start": "00:28:26", "text": "Hold W, press A and D, hold reverse,"}, {"end": "00:28:32", "start": "00:28:28", "text": "press A and D to make it feel a little"}, {"end": "00:28:34", "start": "00:28:30", "text": "bit more fluid and harder to hit. One"}, {"end": "00:28:36", "start": "00:28:32", "text": "thing I would suggest is in most fights"}, {"end": "00:28:37", "start": "00:28:34", "text": "you get into, you're not adsing in"}, {"end": "00:28:38", "start": "00:28:36", "text": "fights when you're up close with"}, {"end": "00:28:40", "start": "00:28:37", "text": "somebody. So if I'm within I mean I'll"}, {"end": "00:28:40", "start": "00:28:38", "text": "shoot somebody across the map like this"}, {"end": "00:28:42", "start": "00:28:40", "text": "without"}, {"end": "00:28:44", "start": "00:28:40", "text": "Well, you guys can watch this uh um for"}, {"end": "00:28:46", "start": "00:28:42", "text": "yourself, but it it's a great video if"}, {"end": "00:28:48", "start": "00:28:44", "text": "you're new to Star Atlas, man. Check it"}, {"end": "00:28:50", "start": "00:28:46", "text": "out. Um or or just new to like"}, {"end": "00:28:52", "start": "00:28:48", "text": "first-person shooters. Um basically,"}, {"end": "00:28:54", "start": "00:28:50", "text": "it's also good if you aren't weren't on"}, {"end": "00:28:56", "start": "00:28:52", "text": "that list that we were just looking at,"}, {"end": "00:28:58", "start": "00:28:54", "text": "like check this out. Um, the guys at the"}, {"end": "00:28:59", "start": "00:28:56", "text": "Atlas Brew were joking that even Chipto,"}, {"end": "00:29:01", "start": "00:28:58", "text": "who's actually building the game,"}, {"end": "00:29:03", "start": "00:28:59", "text": "learned stuff, um, from Kill the Sky by"}, {"end": "00:29:06", "start": "00:29:01", "text": "watching this video, which is insane."}, {"end": "00:29:08", "start": "00:29:03", "text": "Um, so, uh, yeah. Yeah. Thanks. Thanks,"}, {"end": "00:29:10", "start": "00:29:06", "text": "buddy, for putting this out. Um, it"}, {"end": "00:29:12", "start": "00:29:08", "text": "looks like I am your 18th like, and I"}, {"end": "00:29:15", "start": "00:29:10", "text": "just subscribed to you. So, I'm your"}, {"end": "00:29:18", "start": "00:29:12", "text": "868th subscriber. Um, this video at this"}, {"end": "00:29:20", "start": "00:29:15", "text": "time, uh, how many, uh, does it have?"}, {"end": "00:29:22", "start": "00:29:18", "text": "112 views. So, guys, I want, uh, him to"}, {"end": "00:29:24", "start": "00:29:20", "text": "have, uh, 400 views."}, {"end": "00:29:25", "start": "00:29:22", "text": "There's 300 people watching this video"}, {"end": "00:29:27", "start": "00:29:24", "text": "uh that I just put I'm putting out this"}, {"end": "00:29:29", "start": "00:29:25", "text": "recap video. Go watch Kill the Skies"}, {"end": "00:29:30", "start": "00:29:27", "text": "afterwards, man. Uh link down below for"}, {"end": "00:29:32", "start": "00:29:29", "text": "sure. Um yeah, let's let's get his uh"}, {"end": "00:29:35", "start": "00:29:30", "text": "views up and more subscribers for him so"}, {"end": "00:29:36", "start": "00:29:32", "text": "he makes more content for Star Atlas. Um"}, {"end": "00:29:38", "start": "00:29:35", "text": "you know, it was really well done video"}, {"end": "00:29:40", "start": "00:29:36", "text": "too, you know. Um yeah, bro, I want to"}, {"end": "00:29:41", "start": "00:29:38", "text": "like almost hang out with you. You sound"}, {"end": "00:29:44", "start": "00:29:40", "text": "like a cool dude, man. Here's a question"}, {"end": "00:29:46", "start": "00:29:41", "text": "for you before I say goodbye. And uh my"}, {"end": "00:29:48", "start": "00:29:44", "text": "experiences in UE5 is I'm not playing as"}, {"end": "00:29:49", "start": "00:29:46", "text": "much as I really really want to. Part of"}, {"end": "00:29:51", "start": "00:29:48", "text": "the reason why is there's these the guys"}, {"end": "00:29:52", "start": "00:29:49", "text": "that we just looked at, the elites,"}, {"end": "00:29:54", "start": "00:29:51", "text": "they're in there practicing all the"}, {"end": "00:29:55", "start": "00:29:52", "text": "time. Now, this is good because it's"}, {"end": "00:29:56", "start": "00:29:54", "text": "putting, you know, these guys are"}, {"end": "00:29:58", "start": "00:29:55", "text": "grinding for their XP. They're also"}, {"end": "00:29:59", "start": "00:29:56", "text": "grinding to see, you know, for to be the"}, {"end": "00:30:01", "start": "00:29:58", "text": "best in the next tournament, you know,"}, {"end": "00:30:03", "start": "00:29:59", "text": "uh they're working together with their,"}, {"end": "00:30:05", "start": "00:30:01", "text": "you know, their different um their"}, {"end": "00:30:07", "start": "00:30:03", "text": "different uh uh you know, uh groups, you"}, {"end": "00:30:10", "start": "00:30:05", "text": "know, or you know, the guilds. Um but"}, {"end": "00:30:12", "start": "00:30:07", "text": "here's my question is um I I tend to"}, {"end": "00:30:13", "start": "00:30:10", "text": "like when I do pop in tend to only see"}, {"end": "00:30:15", "start": "00:30:12", "text": "like a lot of the same players there all"}, {"end": "00:30:17", "start": "00:30:13", "text": "the time. The good thing I see is that"}, {"end": "00:30:18", "start": "00:30:15", "text": "there's if you join a lobby, there's"}, {"end": "00:30:20", "start": "00:30:17", "text": "people in the lobby all the time, right?"}, {"end": "00:30:21", "start": "00:30:18", "text": "The bad thing is there's only a handful"}, {"end": "00:30:23", "start": "00:30:20", "text": "of pe of the same people in the lobby"}, {"end": "00:30:24", "start": "00:30:21", "text": "all the time. And if you're, you know,"}, {"end": "00:30:26", "start": "00:30:23", "text": "not an experienced player, you just get"}, {"end": "00:30:29", "start": "00:30:24", "text": "killed and you have kind of a bad"}, {"end": "00:30:30", "start": "00:30:26", "text": "experience maybe. Um, so I'm curious, my"}, {"end": "00:30:33", "start": "00:30:29", "text": "my opinion is, is there anyone else that"}, {"end": "00:30:35", "start": "00:30:30", "text": "has that uh that same uh experience as"}, {"end": "00:30:36", "start": "00:30:33", "text": "me? And how do you fix it? The only"}, {"end": "00:30:38", "start": "00:30:35", "text": "thing I can think of is how to fix it is"}, {"end": "00:30:41", "start": "00:30:36", "text": "if uh like let's just say that the you"}, {"end": "00:30:43", "start": "00:30:38", "text": "know there's like they can earn like you"}, {"end": "00:30:45", "start": "00:30:41", "text": "can have a private lobby and still gain"}, {"end": "00:30:46", "start": "00:30:43", "text": "XP by playing a private lobby. So like"}, {"end": "00:30:48", "start": "00:30:45", "text": "maybe like the Q guys can all like"}, {"end": "00:30:50", "start": "00:30:46", "text": "practice against each other constantly."}, {"end": "00:30:52", "start": "00:30:48", "text": "Um and then like that frees up the lobby"}, {"end": "00:30:54", "start": "00:30:50", "text": "to you know not to you know so they"}, {"end": "00:30:56", "start": "00:30:52", "text": "don't have to farm XP from just the the"}, {"end": "00:30:58", "start": "00:30:54", "text": "everyday player you know um cuz there's"}, {"end": "00:31:00", "start": "00:30:56", "text": "not enough people playing Star Atlas to"}, {"end": "00:31:01", "start": "00:30:58", "text": "have skill-based matchmaking even if"}, {"end": "00:31:04", "start": "00:31:00", "text": "they had the technology to do so at the"}, {"end": "00:31:05", "start": "00:31:01", "text": "moment. Um, and part of the reason that,"}, {"end": "00:31:07", "start": "00:31:04", "text": "you know, we can't get more people if"}, {"end": "00:31:08", "start": "00:31:05", "text": "everyone just gets like completely"}, {"end": "00:31:11", "start": "00:31:07", "text": "slaughtered the second they try to play"}, {"end": "00:31:12", "start": "00:31:08", "text": "the game. Uh, it's it's a weird thing I"}, {"end": "00:31:15", "start": "00:31:11", "text": "I feel like. So, I'm curious what you"}, {"end": "00:31:16", "start": "00:31:12", "text": "guys' uh what your own experiences are."}, {"end": "00:31:18", "start": "00:31:15", "text": "Um, let me know in the comments below."}, {"end": "00:31:19", "start": "00:31:16", "text": "But with that thought, you know, it"}, {"end": "00:31:19", "start": "00:31:18", "text": "wasn't supposed to be a negative"}, {"end": "00:31:21", "start": "00:31:19", "text": "thought. It's just a thought to make"}, {"end": "00:31:23", "start": "00:31:19", "text": "Star Atlas better. You know, I want to"}, {"end": "00:31:25", "start": "00:31:21", "text": "make it better all the time. Um because"}, {"end": "00:31:27", "start": "00:31:23", "text": "my kid's also one last thought, my kid's"}, {"end": "00:31:28", "start": "00:31:25", "text": "also pretty darn good at games like this"}, {"end": "00:31:30", "start": "00:31:27", "text": "and he can't even come close to"}, {"end": "00:31:32", "start": "00:31:28", "text": "competing with like the Q guys for"}, {"end": "00:31:34", "start": "00:31:30", "text": "instance, you know, or the UMG guys. Uh"}, {"end": "00:31:36", "start": "00:31:32", "text": "again, let me know your thoughts below."}, {"end": "00:31:38", "start": "00:31:34", "text": "Please like, please subscribe, please"}, {"end": "00:31:39", "start": "00:31:36", "text": "check out Kill This Guy's video right"}, {"end": "00:31:41", "start": "00:31:38", "text": "here. Get him some more subscribers, and"}, {"end": "00:31:45", "start": "00:31:39", "text": "I'll talk to you in the next one. Later."}, {"end": "00:31:45", "start": "00:31:41", "text": "[Music]"}, {"end": "00:31:49", "start": "00:31:46", "text": "Heat. Heat."}]

[{"end": "00:00:05", "start": "00:00:00", "text": "Yo, what is up? Captain Zank, Dead's Man"}, {"end": "00:00:07", "start": "00:00:03", "text": "Star Alice had a huge patch for Unreal"}, {"end": "00:00:08", "start": "00:00:05", "text": "Engine 5. It was an awesome town hall we"}, {"end": "00:00:10", "start": "00:00:07", "text": "just had recently that filled us all in"}, {"end": "00:00:11", "start": "00:00:08", "text": "on what is going on. But look at this"}, {"end": "00:00:13", "start": "00:00:10", "text": "screen right here. What the heck is"}, {"end": "00:00:16", "start": "00:00:11", "text": "this? It is ink and you can earn it in"}, {"end": "00:00:19", "start": "00:00:13", "text": "Unreal Engine 5. And man, I think it's"}, {"end": "00:00:21", "start": "00:00:16", "text": "worth quite a bit, man. It's worth your"}, {"end": "00:00:23", "start": "00:00:19", "text": "while to actually play and grind and get"}, {"end": "00:00:27", "start": "00:00:21", "text": "this ink. What is ink? We'll talk about"}, {"end": "00:00:27", "start": "00:00:23", "text": "in this episode. Let's go. Wow."}, {"end": "00:00:36", "start": "00:00:28", "text": "[Music]"}, {"end": "00:00:43", "start": "00:00:39", "text": "Yo, what's up muds? What's up ponies?"}, {"end": "00:00:45", "start": "00:00:40", "text": "And what is up boosters? Do you remember"}, {"end": "00:00:47", "start": "00:00:43", "text": "a video I made a few weeks back? It was"}, {"end": "00:00:49", "start": "00:00:45", "text": "this one uh right here where my you know"}, {"end": "00:00:52", "start": "00:00:47", "text": "little mouse is scrolling over. It's"}, {"end": "00:00:54", "start": "00:00:49", "text": "what is black goo? It says black goo,"}, {"end": "00:00:56", "start": "00:00:52", "text": "are you ready? On the thumbnail. Well,"}, {"end": "00:00:59", "start": "00:00:54", "text": "in that video, I talked all about this"}, {"end": "00:01:00", "start": "00:00:56", "text": "amazing binding agent, this this this"}, {"end": "00:01:03", "start": "00:00:59", "text": "utility that we're going to be able to"}, {"end": "00:01:07", "start": "00:01:00", "text": "earn in Unreal Engine 5. It's a very"}, {"end": "00:01:09", "start": "00:01:03", "text": "super super special um uh resource. Um"}, {"end": "00:01:11", "start": "00:01:07", "text": "and this resource that you can earn in"}, {"end": "00:01:13", "start": "00:01:09", "text": "Unreal Engine 5 is then going to be"}, {"end": "00:01:16", "start": "00:01:11", "text": "utilized in other aspects of the game."}, {"end": "00:01:17", "start": "00:01:13", "text": "And in this certain situation that we're"}, {"end": "00:01:20", "start": "00:01:16", "text": "going to talk about today, it's going to"}, {"end": "00:01:22", "start": "00:01:17", "text": "be utilized in the game Starbased. Um,"}, {"end": "00:01:25", "start": "00:01:20", "text": "so it's going to actually fuse the two"}, {"end": "00:01:28", "start": "00:01:22", "text": "games together into one, making Star"}, {"end": "00:01:32", "start": "00:01:25", "text": "Atlas a true web 3 atmosphere for all of"}, {"end": "00:01:33", "start": "00:01:28", "text": "us players. It is awesome. And I love"}, {"end": "00:01:35", "start": "00:01:32", "text": "the name Black Goo. It's so much fun to"}, {"end": "00:01:37", "start": "00:01:33", "text": "say Black Goo, and I might always call"}, {"end": "00:01:40", "start": "00:01:35", "text": "it Black Goo, but they've changed the"}, {"end": "00:01:41", "start": "00:01:37", "text": "name to Ink. Now, we'll jump into Ink in"}, {"end": "00:01:43", "start": "00:01:40", "text": "just a second, but I want to talk about"}, {"end": "00:01:45", "start": "00:01:41", "text": "the entire patch of Unreal Engine 5"}, {"end": "00:01:47", "start": "00:01:43", "text": "because it's going to tie together um"}, {"end": "00:01:49", "start": "00:01:45", "text": "what is going on with Ink. So, I am"}, {"end": "00:01:50", "start": "00:01:47", "text": "downloading the patch right now. If you"}, {"end": "00:01:52", "start": "00:01:49", "text": "have been playing Star Atlas, you can"}, {"end": "00:01:55", "start": "00:01:50", "text": "jump on into the Epic Game Store and"}, {"end": "00:01:56", "start": "00:01:52", "text": "update your game. Um, it looks like 33"}, {"end": "00:01:58", "start": "00:01:55", "text": "minutes for me, so it's going to take a"}, {"end": "00:01:59", "start": "00:01:56", "text": "little bit. I could always plug in my"}, {"end": "00:02:00", "start": "00:01:58", "text": "Ethernet cable and make this go by a"}, {"end": "00:02:02", "start": "00:01:59", "text": "little bit quicker. But I'm going to"}, {"end": "00:02:05", "start": "00:02:00", "text": "keep on recording and see where we're at"}, {"end": "00:02:06", "start": "00:02:02", "text": "um when I get to the end. And then I'm"}, {"end": "00:02:10", "start": "00:02:05", "text": "going to try to earn myself some black"}, {"end": "00:02:12", "start": "00:02:06", "text": "goo, aka ink. So, let's look at what's"}, {"end": "00:02:14", "start": "00:02:10", "text": "happening in this whole entire patch."}, {"end": "00:02:15", "start": "00:02:12", "text": "Yo, so look how big this patch is, man."}, {"end": "00:02:16", "start": "00:02:14", "text": "It's huge. This is going to take a"}, {"end": "00:02:18", "start": "00:02:15", "text": "minute for us to go through, but look at"}, {"end": "00:02:20", "start": "00:02:16", "text": "this. First off, double XP weekend"}, {"end": "00:02:21", "start": "00:02:18", "text": "starts uh 9 minutes ago. So, if you're"}, {"end": "00:02:25", "start": "00:02:20", "text": "watching this video, you can earn"}, {"end": "00:02:27", "start": "00:02:21", "text": "yourself double XP until uh Labor Day."}, {"end": "00:02:29", "start": "00:02:25", "text": "So, what is it, the 28th of August? So,"}, {"end": "00:02:32", "start": "00:02:27", "text": "probably like 1st or 2nd of September,"}, {"end": "00:02:34", "start": "00:02:29", "text": "I'm guessing it'll be going to. Um so,"}, {"end": "00:02:37", "start": "00:02:32", "text": "wow, man. Get get out there uh download"}, {"end": "00:02:38", "start": "00:02:34", "text": "this uh this new patch and get playing"}, {"end": "00:02:41", "start": "00:02:37", "text": "because you can level up your characters"}, {"end": "00:02:44", "start": "00:02:38", "text": "quick. The actual true dates are August"}, {"end": "00:02:45", "start": "00:02:41", "text": "29th through August 31st. My bad. On top"}, {"end": "00:02:47", "start": "00:02:44", "text": "of earning that double XP, you're going"}, {"end": "00:02:48", "start": "00:02:45", "text": "to be earning yourself some ink. Again,"}, {"end": "00:02:51", "start": "00:02:47", "text": "we'll talk about that in a little bit"}, {"end": "00:02:52", "start": "00:02:48", "text": "here. Um, so first off, um, it fixed a"}, {"end": "00:02:55", "start": "00:02:51", "text": "bug where hardware wallets weren't"}, {"end": "00:02:56", "start": "00:02:52", "text": "authenticating. So, if you um you you"}, {"end": "00:02:57", "start": "00:02:55", "text": "know, like you were really worried about"}, {"end": "00:02:59", "start": "00:02:56", "text": "your assets and so you're using your"}, {"end": "00:03:01", "start": "00:02:57", "text": "Ledger wallet um to hold all your assets"}, {"end": "00:03:03", "start": "00:02:59", "text": "in or being very not worried but very"}, {"end": "00:03:05", "start": "00:03:01", "text": "smart about your assets um now um you"}, {"end": "00:03:07", "start": "00:03:03", "text": "can actually um start utilizing that"}, {"end": "00:03:08", "start": "00:03:05", "text": "your you know your wallet um your Ledger"}, {"end": "00:03:12", "start": "00:03:07", "text": "wallet or whatever hardware wallet"}, {"end": "00:03:13", "start": "00:03:08", "text": "you're using um and play U5. So, if you"}, {"end": "00:03:14", "start": "00:03:12", "text": "have a bunch of the crew members and"}, {"end": "00:03:15", "start": "00:03:13", "text": "stuff like that um that you haven't been"}, {"end": "00:03:18", "start": "00:03:14", "text": "able to level up, you can do it right"}, {"end": "00:03:21", "start": "00:03:15", "text": "now. All right. Progression fixed a bug"}, {"end": "00:03:23", "start": "00:03:18", "text": "where XP ticking sounds would stop"}, {"end": "00:03:25", "start": "00:03:21", "text": "properly. Wouldn't stop properly, I'm"}, {"end": "00:03:28", "start": "00:03:23", "text": "sorry. Um adding new leaderboard for"}, {"end": "00:03:30", "start": "00:03:25", "text": "racing arena and weapons. Um and"}, {"end": "00:03:31", "start": "00:03:28", "text": "increased racing XP. So, that's pretty"}, {"end": "00:03:32", "start": "00:03:30", "text": "cool. So, if you're into racing, you're"}, {"end": "00:03:34", "start": "00:03:31", "text": "going to get a little bit more XP than"}, {"end": "00:03:37", "start": "00:03:32", "text": "you were before, right? Um balances"}, {"end": "00:03:39", "start": "00:03:34", "text": "buff. So, increased the shotgun damage"}, {"end": "00:03:42", "start": "00:03:37", "text": "and projectile size and reduced the"}, {"end": "00:03:44", "start": "00:03:39", "text": "range. um buff slashupdate to the"}, {"end": "00:03:46", "start": "00:03:42", "text": "gatling gun. I'm really excited about"}, {"end": "00:03:48", "start": "00:03:44", "text": "this one. Um so to um so the gatling gun"}, {"end": "00:03:50", "start": "00:03:46", "text": "will shoot while it's spinning up um and"}, {"end": "00:03:51", "start": "00:03:48", "text": "increased damage and increased"}, {"end": "00:03:53", "start": "00:03:50", "text": "projectile size. I just talked about"}, {"end": "00:03:56", "start": "00:03:51", "text": "that in my very last video on my up uh"}, {"end": "00:03:58", "start": "00:03:53", "text": "Star Atlas update. Um I showed um Gipto"}, {"end": "00:04:01", "start": "00:03:56", "text": "um the head dev um for U5 working on"}, {"end": "00:04:04", "start": "00:03:58", "text": "that. Um a nerf. So there is a technical"}, {"end": "00:04:05", "start": "00:04:01", "text": "uh technically a bug fix, but heavy"}, {"end": "00:04:06", "start": "00:04:04", "text": "weapons no longer start with ammo. So I"}, {"end": "00:04:08", "start": "00:04:05", "text": "guess they weren't supposed to start"}, {"end": "00:04:10", "start": "00:04:06", "text": "with ammo since day one. Um so that got"}, {"end": "00:04:11", "start": "00:04:08", "text": "nerfed. um in the town hall they"}, {"end": "00:04:13", "start": "00:04:10", "text": "mentioned like people like just jumping"}, {"end": "00:04:14", "start": "00:04:11", "text": "into the lobby right away just sniping"}, {"end": "00:04:16", "start": "00:04:13", "text": "people like crazy with their sniper um"}, {"end": "00:04:17", "start": "00:04:14", "text": "if they've leveled up enough to get a"}, {"end": "00:04:19", "start": "00:04:16", "text": "sniper and just taking everyone out. And"}, {"end": "00:04:21", "start": "00:04:17", "text": "so now they actually have to fly over"}, {"end": "00:04:23", "start": "00:04:19", "text": "and try to uh get themselves some ammo"}, {"end": "00:04:24", "start": "00:04:21", "text": "um that special purple ammo in you know"}, {"end": "00:04:26", "start": "00:04:23", "text": "the gun game and if it's not there going"}, {"end": "00:04:27", "start": "00:04:24", "text": "to have to wait and just play with"}, {"end": "00:04:29", "start": "00:04:26", "text": "whatever gun they have other than the"}, {"end": "00:04:31", "start": "00:04:27", "text": "sniper sniper or heavy uh you know heavy"}, {"end": "00:04:34", "start": "00:04:29", "text": "machine guns or whatever. Um so no more"}, {"end": "00:04:37", "start": "00:04:31", "text": "getting terrorized by snipers off spawn."}, {"end": "00:04:38", "start": "00:04:34", "text": "Um, adjusted the spawn default loadout,"}, {"end": "00:04:40", "start": "00:04:37", "text": "including jetties and bubbles in the"}, {"end": "00:04:43", "start": "00:04:38", "text": "legacy gunplay mode. Uh, that's pretty"}, {"end": "00:04:45", "start": "00:04:40", "text": "cool. Uh, adjusted team-based match to"}, {"end": "00:04:47", "start": "00:04:43", "text": "place players in teams automatically"}, {"end": "00:04:48", "start": "00:04:45", "text": "instead of choosing your team. Um, so I"}, {"end": "00:04:50", "start": "00:04:47", "text": "guess this was to balance the fact that"}, {"end": "00:04:52", "start": "00:04:48", "text": "like, you know, there might be like six"}, {"end": "00:04:54", "start": "00:04:50", "text": "people playing on and only one person"}, {"end": "00:04:55", "start": "00:04:52", "text": "playing mud and then the only people are"}, {"end": "00:04:57", "start": "00:04:54", "text": "get just get, you know, obviously just"}, {"end": "00:04:58", "start": "00:04:55", "text": "just slaughtering the poor one guy in"}, {"end": "00:05:00", "start": "00:04:57", "text": "the mud and then they're getting all the"}, {"end": "00:05:02", "start": "00:04:58", "text": "XP, yada yada yada. Um, they adjusted"}, {"end": "00:05:05", "start": "00:05:00", "text": "team select to happen between matches."}, {"end": "00:05:08", "start": "00:05:02", "text": "color or full team teams can't be"}, {"end": "00:05:09", "start": "00:05:05", "text": "selected. Um so again once once you get"}, {"end": "00:05:10", "start": "00:05:08", "text": "into the game and start playing you can"}, {"end": "00:05:13", "start": "00:05:09", "text": "do you know pick whatever team you want"}, {"end": "00:05:15", "start": "00:05:10", "text": "to be on. Um adjusted gun game weapon"}, {"end": "00:05:17", "start": "00:05:13", "text": "cycle. So sniper is now the first and"}, {"end": "00:05:19", "start": "00:05:15", "text": "gatling gun is now the second. So they"}, {"end": "00:05:21", "start": "00:05:17", "text": "they realized that sniper is like super"}, {"end": "00:05:22", "start": "00:05:19", "text": "super OP. Um so they switch the guns cuz"}, {"end": "00:05:24", "start": "00:05:21", "text": "gun game you're always supposed to start"}, {"end": "00:05:26", "start": "00:05:22", "text": "um out with the most uh overpowered"}, {"end": "00:05:27", "start": "00:05:24", "text": "weapon and then you work your way all"}, {"end": "00:05:28", "start": "00:05:26", "text": "the way down to just you have to punch"}, {"end": "00:05:30", "start": "00:05:27", "text": "you have to melee someone to death. Um"}, {"end": "00:05:31", "start": "00:05:28", "text": "so it's like the pistol and then then"}, {"end": "00:05:34", "start": "00:05:30", "text": "the punch are the last two for instance."}, {"end": "00:05:35", "start": "00:05:31", "text": "Um, fix some issues causing jittery"}, {"end": "00:05:37", "start": "00:05:34", "text": "character movement. We're in gunplay"}, {"end": "00:05:39", "start": "00:05:35", "text": "now. So, fix some mystery um issues for"}, {"end": "00:05:41", "start": "00:05:37", "text": "jittery um character movement. Removed"}, {"end": "00:05:43", "start": "00:05:39", "text": "white screen flash effects for um on"}, {"end": "00:05:44", "start": "00:05:41", "text": "respawn. Um that's good for all those"}, {"end": "00:05:47", "start": "00:05:43", "text": "people that have seizures, right?"}, {"end": "00:05:50", "start": "00:05:44", "text": "Adjusted jetty hover to now have the"}, {"end": "00:05:52", "start": "00:05:47", "text": "ability to descend by p um by pressing"}, {"end": "00:05:53", "start": "00:05:50", "text": "the crouch input. So, this is another"}, {"end": "00:05:54", "start": "00:05:52", "text": "one that Chipto, make sure you guys are"}, {"end": "00:05:56", "start": "00:05:53", "text": "following Chipoto on Twitter because"}, {"end": "00:05:58", "start": "00:05:54", "text": "he's doing all those devlogs. Um, so"}, {"end": "00:06:00", "start": "00:05:56", "text": "now, um, usually when you do like the"}, {"end": "00:06:02", "start": "00:05:58", "text": "boost or the Superman fly, you know, you"}, {"end": "00:06:04", "start": "00:06:00", "text": "you like slowly go up in an incline and"}, {"end": "00:06:06", "start": "00:06:02", "text": "now you can hold down crouch and you can"}, {"end": "00:06:07", "start": "00:06:04", "text": "go down through things, which is pretty"}, {"end": "00:06:09", "start": "00:06:06", "text": "neat. I love that. I'm going to I can't"}, {"end": "00:06:12", "start": "00:06:07", "text": "wait to try that one. Um, fix an issue"}, {"end": "00:06:14", "start": "00:06:09", "text": "where emotes would endlessly loop. Um,"}, {"end": "00:06:17", "start": "00:06:12", "text": "ADS and and uh, firing now cancel"}, {"end": "00:06:19", "start": "00:06:14", "text": "ongoing emote. Um, adjust shield and"}, {"end": "00:06:22", "start": "00:06:17", "text": "health bar to show partial bar fill for"}, {"end": "00:06:25", "start": "00:06:19", "text": "better fidelity. um fix an issue where"}, {"end": "00:06:28", "start": "00:06:22", "text": "characters uh load can um update while"}, {"end": "00:06:30", "start": "00:06:25", "text": "viewing the the postmatch sequence. Um L"}, {"end": "00:06:31", "start": "00:06:28", "text": "maybe not load but LOD. What's that load"}, {"end": "00:06:32", "start": "00:06:30", "text": "on demand? I don't even know what that"}, {"end": "00:06:33", "start": "00:06:31", "text": "is. So if you guys know what that is,"}, {"end": "00:06:36", "start": "00:06:32", "text": "let me know in the comments below. Um"}, {"end": "00:06:39", "start": "00:06:33", "text": "improved visibility when inside a surge"}, {"end": "00:06:41", "start": "00:06:36", "text": "zone surge/zones point zone. Um updated"}, {"end": "00:06:43", "start": "00:06:39", "text": "weapon wheel to show correct weapon"}, {"end": "00:06:46", "start": "00:06:41", "text": "sizes in your loadout. Updated weapon"}, {"end": "00:06:49", "start": "00:06:43", "text": "swap numerical keybinds to not skip"}, {"end": "00:06:50", "start": "00:06:46", "text": "numbers due to a weapon size. I think"}, {"end": "00:06:52", "start": "00:06:49", "text": "that that has something to do with um"}, {"end": "00:06:53", "start": "00:06:50", "text": "you know the like some of the weapons"}, {"end": "00:06:55", "start": "00:06:52", "text": "take up more than one slot. So like if"}, {"end": "00:06:57", "start": "00:06:53", "text": "you do like you know you have like four"}, {"end": "00:06:59", "start": "00:06:55", "text": "weapons in there but uh one of them is"}, {"end": "00:07:00", "start": "00:06:57", "text": "like technically taking up four and five"}, {"end": "00:07:01", "start": "00:06:59", "text": "and you're trying to hit four four and"}, {"end": "00:07:03", "start": "00:07:00", "text": "nothing happens. I'm guessing that"}, {"end": "00:07:05", "start": "00:07:01", "text": "that's that you know maybe that's what"}, {"end": "00:07:08", "start": "00:07:03", "text": "it's talking about right there. Um added"}, {"end": "00:07:10", "start": "00:07:05", "text": "um new icons for backstab and jetty"}, {"end": "00:07:11", "start": "00:07:08", "text": "boost ramming kills. Oh man, I get"}, {"end": "00:07:14", "start": "00:07:10", "text": "backstabbed all the time when I'm"}, {"end": "00:07:16", "start": "00:07:11", "text": "playing uh like uh you know I won't say"}, {"end": "00:07:18", "start": "00:07:14", "text": "their names, but there's like uh one of"}, {"end": "00:07:20", "start": "00:07:16", "text": "the certain guilds like the like their"}, {"end": "00:07:22", "start": "00:07:18", "text": "MMO is to like run behind and just kill"}, {"end": "00:07:23", "start": "00:07:20", "text": "everybody from behind and and it happens"}, {"end": "00:07:24", "start": "00:07:22", "text": "over and over and over again. And uh so"}, {"end": "00:07:27", "start": "00:07:23", "text": "now they're going to be called the"}, {"end": "00:07:29", "start": "00:07:24", "text": "backstabbers. Um improve the styling of"}, {"end": "00:07:30", "start": "00:07:27", "text": "the respawn countdown and killed killed"}, {"end": "00:07:32", "start": "00:07:29", "text": "by indicator. So that sounds like a"}, {"end": "00:07:34", "start": "00:07:30", "text": "little bit of a UI uh you know a little"}, {"end": "00:07:37", "start": "00:07:32", "text": "UI um prettying you know pretty up the"}, {"end": "00:07:40", "start": "00:07:34", "text": "UI system. Adjust game uh mode hub to be"}, {"end": "00:07:41", "start": "00:07:37", "text": "visible during a death sequence. Fixed"}, {"end": "00:07:44", "start": "00:07:40", "text": "an issue where loadout information and"}, {"end": "00:07:46", "start": "00:07:41", "text": "pause menu not showing correct data. Uh"}, {"end": "00:07:47", "start": "00:07:44", "text": "all good stuff right there. All right."}, {"end": "00:07:50", "start": "00:07:46", "text": "And then now for you racing boys out"}, {"end": "00:07:51", "start": "00:07:47", "text": "there. Racing/vehicles added racing"}, {"end": "00:07:53", "start": "00:07:50", "text": "spectator mode. I still don't know how"}, {"end": "00:07:54", "start": "00:07:51", "text": "to do spectating. I wanted to do a"}, {"end": "00:07:56", "start": "00:07:53", "text": "couple videos where I was spectating and"}, {"end": "00:07:57", "start": "00:07:54", "text": "I tried to like hide during a match. I"}, {"end": "00:07:59", "start": "00:07:56", "text": "got to figure that out. And uh yeah."}, {"end": "00:08:00", "start": "00:07:57", "text": "Anyway, I got like I tried to hide and"}, {"end": "00:08:02", "start": "00:07:59", "text": "people found me and killed me and I was"}, {"end": "00:08:04", "start": "00:08:00", "text": "trying to record a you know like using"}, {"end": "00:08:06", "start": "00:08:02", "text": "photo mode. Didn't work out very good. I"}, {"end": "00:08:08", "start": "00:08:04", "text": "have to figure out how uh how Neil"}, {"end": "00:08:10", "start": "00:08:06", "text": "Armstrong does spectating mode. Um fix"}, {"end": "00:08:13", "start": "00:08:08", "text": "an issue where incorrect standing are"}, {"end": "00:08:16", "start": "00:08:10", "text": "shown in the postra sequence. Fixed an"}, {"end": "00:08:18", "start": "00:08:13", "text": "issue where players can start race um"}, {"end": "00:08:20", "start": "00:08:16", "text": "start a race stuck in flight mode. Fix"}, {"end": "00:08:22", "start": "00:08:18", "text": "an issue where players would crash into"}, {"end": "00:08:24", "start": "00:08:20", "text": "piloting the Floyd liner. I guess that's"}, {"end": "00:08:26", "start": "00:08:22", "text": "saying they would crash while they were"}, {"end": "00:08:27", "start": "00:08:24", "text": "um flying the Floyd liner. I'm not sure"}, {"end": "00:08:29", "start": "00:08:26", "text": "if I said that right the first time. Um"}, {"end": "00:08:31", "start": "00:08:27", "text": "fixed gravity issues around some ships"}, {"end": "00:08:33", "start": "00:08:29", "text": "with interiors. I also saw Chipto"}, {"end": "00:08:34", "start": "00:08:31", "text": "working on that in the devlogs, too. So,"}, {"end": "00:08:36", "start": "00:08:33", "text": "it's really neat. I love those dev logs"}, {"end": "00:08:38", "start": "00:08:34", "text": "cuz now, you know, like I I I get what"}, {"end": "00:08:40", "start": "00:08:36", "text": "he's talking about in these patch notes."}, {"end": "00:08:41", "start": "00:08:38", "text": "Um because he kind of showed us what he"}, {"end": "00:08:43", "start": "00:08:40", "text": "was working on. So like the interior is"}, {"end": "00:08:45", "start": "00:08:41", "text": "like um you know, if a ship's upside"}, {"end": "00:08:46", "start": "00:08:43", "text": "down or whatever and you fly into the"}, {"end": "00:08:48", "start": "00:08:45", "text": "ship while it's upside down, you just"}, {"end": "00:08:50", "start": "00:08:46", "text": "land upside down. So you like this"}, {"end": "00:08:52", "start": "00:08:48", "text": "basically adds gravity so you like"}, {"end": "00:08:53", "start": "00:08:50", "text": "you're facing the right way up in the"}, {"end": "00:08:54", "start": "00:08:52", "text": "ship. So like when you enter the ship,"}, {"end": "00:08:56", "start": "00:08:53", "text": "like you're basically your boots stick"}, {"end": "00:08:59", "start": "00:08:54", "text": "to the floor, not the ceiling, you know?"}, {"end": "00:09:01", "start": "00:08:56", "text": "Um so uh fixed an issue on the gateway"}, {"end": "00:09:03", "start": "00:08:59", "text": "causing dim light conditions. Oh, I love"}, {"end": "00:09:04", "start": "00:09:01", "text": "that. It was really hard for me to see"}, {"end": "00:09:06", "start": "00:09:03", "text": "sometimes when we were playing Gateway."}, {"end": "00:09:08", "start": "00:09:04", "text": "Um, that's one of the maps by the way."}, {"end": "00:09:09", "start": "00:09:06", "text": "Um, fixed. So, this we're on maps"}, {"end": "00:09:12", "start": "00:09:08", "text": "actually. Um, fixed various collision"}, {"end": "00:09:15", "start": "00:09:09", "text": "issues on uh Pisoul's arena and made"}, {"end": "00:09:18", "start": "00:09:12", "text": "various refinements to Exinod. Sweet"}, {"end": "00:09:20", "start": "00:09:15", "text": "stuff. All right. So, now we're on menu"}, {"end": "00:09:23", "start": "00:09:18", "text": "and user interface. Um, adjusted title,"}, {"end": "00:09:25", "start": "00:09:20", "text": "menu, animation, and user interface."}, {"end": "00:09:28", "start": "00:09:23", "text": "Updated crew level tab to show correct"}, {"end": "00:09:30", "start": "00:09:25", "text": "level prestige and correct level um page"}, {"end": "00:09:32", "start": "00:09:28", "text": "per group track. Updated prestige"}, {"end": "00:09:35", "start": "00:09:30", "text": "banners to properly support higher than"}, {"end": "00:09:38", "start": "00:09:32", "text": "level 10 prestige. Updated title menu"}, {"end": "00:09:39", "start": "00:09:35", "text": "and spectator mode character cycling."}, {"end": "00:09:41", "start": "00:09:38", "text": "Um, keybinds Q& so I have to remember"}, {"end": "00:09:43", "start": "00:09:39", "text": "that once I figure out how to get into"}, {"end": "00:09:45", "start": "00:09:41", "text": "spectator mode. Um, fixed um, inventory"}, {"end": "00:09:47", "start": "00:09:43", "text": "filters. That's cool. Um, fixed an issue"}, {"end": "00:09:50", "start": "00:09:45", "text": "where players would crash when trying to"}, {"end": "00:09:52", "start": "00:09:47", "text": "bind a joystick input. Updated"}, {"end": "00:09:54", "start": "00:09:50", "text": "background scene for all participating"}, {"end": "00:09:57", "start": "00:09:52", "text": "in the lobby when the host switches"}, {"end": "00:09:59", "start": "00:09:54", "text": "between um, arena/racing game modes."}, {"end": "00:10:01", "start": "00:09:57", "text": "added toggle button to hide wallet"}, {"end": "00:10:02", "start": "00:09:59", "text": "public key. Oh, that's pretty cool, too,"}, {"end": "00:10:04", "start": "00:10:01", "text": "right? Some some people really like the"}, {"end": "00:10:06", "start": "00:10:02", "text": "privacy. All right. Optimization."}, {"end": "00:10:09", "start": "00:10:04", "text": "Optimize audio to be more robust and"}, {"end": "00:10:10", "start": "00:10:06", "text": "performant. Oh, I like that. Um imple um"}, {"end": "00:10:12", "start": "00:10:09", "text": "I think actually we saw Chip also"}, {"end": "00:10:13", "start": "00:10:10", "text": "working on that one where he was uh like"}, {"end": "00:10:15", "start": "00:10:12", "text": "everything's more dynamic as you get"}, {"end": "00:10:17", "start": "00:10:13", "text": "closer and farther from things. Um"}, {"end": "00:10:19", "start": "00:10:15", "text": "implemented significant functionality to"}, {"end": "00:10:20", "start": "00:10:17", "text": "various assets to improve CPU"}, {"end": "00:10:23", "start": "00:10:19", "text": "performance. Anything that can help CPU"}, {"end": "00:10:25", "start": "00:10:20", "text": "performance is it's amazing. um my new"}, {"end": "00:10:29", "start": "00:10:23", "text": "rig I have right now I have a 4070 super"}, {"end": "00:10:30", "start": "00:10:25", "text": "um GPU. Um I mean it's not the newest uh"}, {"end": "00:10:32", "start": "00:10:29", "text": "you know GPU, but it's still like I mean"}, {"end": "00:10:34", "start": "00:10:30", "text": "everything's smoking. Everything's super"}, {"end": "00:10:36", "start": "00:10:32", "text": "perfect um with my new rig. Um but my"}, {"end": "00:10:39", "start": "00:10:34", "text": "laptop uh it's a little bit older and"}, {"end": "00:10:41", "start": "00:10:36", "text": "it's in the 30 3060 GPU something like"}, {"end": "00:10:42", "start": "00:10:39", "text": "that. I forget what it exactly is. Um"}, {"end": "00:10:44", "start": "00:10:41", "text": "but that was dragging trying to play the"}, {"end": "00:10:45", "start": "00:10:42", "text": "game. So like anyone anything like this"}, {"end": "00:10:47", "start": "00:10:44", "text": "that can help us cuz it's also also we"}, {"end": "00:10:49", "start": "00:10:45", "text": "have improved character animation CPU"}, {"end": "00:10:51", "start": "00:10:47", "text": "cost. So all that stuff is really good"}, {"end": "00:10:53", "start": "00:10:49", "text": "for um you know players that don't have"}, {"end": "00:10:55", "start": "00:10:51", "text": "really high high performance um gaming"}, {"end": "00:10:56", "start": "00:10:53", "text": "um you know computers. And then we can"}, {"end": "00:10:59", "start": "00:10:55", "text": "see at the bottom a graphic right here"}, {"end": "00:11:01", "start": "00:10:56", "text": "with an extra resource and that is inc."}, {"end": "00:11:02", "start": "00:10:59", "text": "So let's talk about ink finally. Right."}, {"end": "00:11:04", "start": "00:11:01", "text": "So look at this huge announcement right"}, {"end": "00:11:07", "start": "00:11:02", "text": "here by Star Atlas. Ink new exclusive"}, {"end": "00:11:08", "start": "00:11:04", "text": "resource in Star Atlas plus double XP"}, {"end": "00:11:10", "start": "00:11:07", "text": "weekend August. Oh here it is. 29th"}, {"end": "00:11:12", "start": "00:11:08", "text": "through the 31st. I thought it was the"}, {"end": "00:11:14", "start": "00:11:10", "text": "first. Um so I'm glad that we found the"}, {"end": "00:11:16", "start": "00:11:12", "text": "date right there. Every 100 XP equals"}, {"end": "00:11:18", "start": "00:11:14", "text": "one ink. Sweet. So think of that. you're"}, {"end": "00:11:19", "start": "00:11:16", "text": "going to be earning double the XP. So,"}, {"end": "00:11:22", "start": "00:11:18", "text": "like some of you amazing shooters out"}, {"end": "00:11:24", "start": "00:11:19", "text": "there that can get like 850 XP in like"}, {"end": "00:11:28", "start": "00:11:22", "text": "one game play, you'll be uh earning"}, {"end": "00:11:33", "start": "00:11:24", "text": "1,700 XP and you'll have you'll earn 17"}, {"end": "00:11:35", "start": "00:11:28", "text": "ink. Um, so inc gives you a ton of LP"}, {"end": "00:11:36", "start": "00:11:33", "text": "when you bring it into Starbase, and"}, {"end": "00:11:38", "start": "00:11:35", "text": "that's what we're going to talk about."}, {"end": "00:11:40", "start": "00:11:36", "text": "Let's go over to a article that was"}, {"end": "00:11:42", "start": "00:11:38", "text": "written by Funcracker right here. Um,"}, {"end": "00:11:44", "start": "00:11:40", "text": "and it was put out by the API guild and"}, {"end": "00:11:46", "start": "00:11:42", "text": "he put this out like literally hour like"}, {"end": "00:11:47", "start": "00:11:44", "text": "an hour or two after the town hall."}, {"end": "00:11:49", "start": "00:11:46", "text": "We'll have to go through more of what"}, {"end": "00:11:50", "start": "00:11:47", "text": "they talk about in the town hall and um"}, {"end": "00:11:52", "start": "00:11:49", "text": "some more videos that I'll put out in"}, {"end": "00:11:54", "start": "00:11:50", "text": "the future. Um, but let's um let's blast"}, {"end": "00:11:55", "start": "00:11:52", "text": "through this. It's um pretty short so we"}, {"end": "00:11:57", "start": "00:11:54", "text": "can read the whole thing. So Dominic,"}, {"end": "00:11:59", "start": "00:11:55", "text": "the marketing manager, comes to the"}, {"end": "00:12:01", "start": "00:11:57", "text": "stage during the town hall and to talk"}, {"end": "00:12:03", "start": "00:11:59", "text": "about the new UE5 update that is coming"}, {"end": "00:12:04", "start": "00:12:01", "text": "later this week. the patch notes will"}, {"end": "00:12:07", "start": "00:12:03", "text": "and then we already talked about the"}, {"end": "00:12:10", "start": "00:12:04", "text": "patch notes um include all of that and"}, {"end": "00:12:12", "start": "00:12:07", "text": "then it talks we talk about INC um and"}, {"end": "00:12:14", "start": "00:12:10", "text": "INC stands for um and this is the only"}, {"end": "00:12:16", "start": "00:12:12", "text": "reason why I'm not going to give our CEO"}, {"end": "00:12:19", "start": "00:12:14", "text": "Michael Wagner a hard time for changing"}, {"end": "00:12:21", "start": "00:12:16", "text": "the really cool and fun to say name"}, {"end": "00:12:23", "start": "00:12:19", "text": "black goo and turning it into because"}, {"end": "00:12:26", "start": "00:12:21", "text": "ink stands for this which is kind of fun"}, {"end": "00:12:28", "start": "00:12:23", "text": "to say too inter nanite kinematics"}, {"end": "00:12:31", "start": "00:12:26", "text": "kinematics inter nanite kinematic"}, {"end": "00:12:34", "start": "00:12:28", "text": "kynatics how can man screw this man"}, {"end": "00:12:36", "start": "00:12:31", "text": "Black goo it is, man. So anyway, ink"}, {"end": "00:12:39", "start": "00:12:34", "text": "stands for black goo. You get one ink"}, {"end": "00:12:41", "start": "00:12:36", "text": "for every 100 XP earned during a match"}, {"end": "00:12:44", "start": "00:12:39", "text": "and you can track the ink you have"}, {"end": "00:12:46", "start": "00:12:41", "text": "accumulated on your rewards page."}, {"end": "00:12:48", "start": "00:12:44", "text": "However, ink will be air dropped"}, {"end": "00:12:50", "start": "00:12:46", "text": "periodically. It will not be distributed"}, {"end": "00:12:51", "start": "00:12:48", "text": "in real time. So again, we don't know if"}, {"end": "00:12:53", "start": "00:12:50", "text": "it's going to be a week, a month, a day,"}, {"end": "00:12:54", "start": "00:12:51", "text": "whatever. Um you're going to get get"}, {"end": "00:12:56", "start": "00:12:53", "text": "that ink in your wallet eventually. So,"}, {"end": "00:12:57", "start": "00:12:54", "text": "as long as you are playing for your XP"}, {"end": "00:12:59", "start": "00:12:56", "text": "and you have your wallet hooked up and"}, {"end": "00:13:00", "start": "00:12:57", "text": "you have your real crew member that you"}, {"end": "00:13:02", "start": "00:12:59", "text": "bought yourself and you're upgrading"}, {"end": "00:13:03", "start": "00:13:00", "text": "your crew member, your that same wallet"}, {"end": "00:13:04", "start": "00:13:02", "text": "that you're playing with your crew"}, {"end": "00:13:06", "start": "00:13:03", "text": "member is going to get air dropped this"}, {"end": "00:13:09", "start": "00:13:04", "text": "ink periodically. Um, ink will be usable"}, {"end": "00:13:11", "start": "00:13:06", "text": "in Sage Labs. You can import ink which"}, {"end": "00:13:12", "start": "00:13:09", "text": "is a weight of one, so it weighs"}, {"end": "00:13:14", "start": "00:13:11", "text": "absolutely nothing. You can stick one in"}, {"end": "00:13:16", "start": "00:13:12", "text": "like an airbike, right? Um, you can"}, {"end": "00:13:19", "start": "00:13:14", "text": "bring it into the game and bring it to"}, {"end": "00:13:22", "start": "00:13:16", "text": "your new factions phantom star base and"}, {"end": "00:13:24", "start": "00:13:19", "text": "deposit it there for 100,000 LP per"}, {"end": "00:13:26", "start": "00:13:22", "text": "unit, which is a lot of LP, I believe."}, {"end": "00:13:28", "start": "00:13:24", "text": "Um, to celebrate the arrival of ink this"}, {"end": "00:13:31", "start": "00:13:26", "text": "weekend, we will have double the XP um,"}, {"end": "00:13:34", "start": "00:13:28", "text": "in UE5. This, of course, means double"}, {"end": "00:13:36", "start": "00:13:31", "text": "the ink as well. Michael is an enthus"}, {"end": "00:13:39", "start": "00:13:34", "text": "enthusiastic about the crosspollination"}, {"end": "00:13:43", "start": "00:13:36", "text": "between UE5 and the economy. Meaning um"}, {"end": "00:13:44", "start": "00:13:39", "text": "UE5 is now um you know like you know UE5"}, {"end": "00:13:46", "start": "00:13:43", "text": "is scratching the back of the Starbase"}, {"end": "00:13:48", "start": "00:13:44", "text": "people. Pretty cool. And people and a"}, {"end": "00:13:50", "start": "00:13:46", "text": "lot of people in Starbase don't play uh"}, {"end": "00:13:52", "start": "00:13:48", "text": "UE5. They just it's just not their"}, {"end": "00:13:53", "start": "00:13:50", "text": "thing. Or maybe they only have a laptop"}, {"end": "00:13:55", "start": "00:13:52", "text": "and the laptop can run you know Starbase"}, {"end": "00:13:56", "start": "00:13:53", "text": "no problem but they don't have like a"}, {"end": "00:13:58", "start": "00:13:55", "text": "gaming rig like I was just talking about"}, {"end": "00:13:59", "start": "00:13:56", "text": "and they can't play the UI5 game. And"}, {"end": "00:14:00", "start": "00:13:58", "text": "some people, you know, they're into"}, {"end": "00:14:02", "start": "00:13:59", "text": "they're just really into strategic games"}, {"end": "00:14:03", "start": "00:14:00", "text": "and they're not into like, you know, uh,"}, {"end": "00:14:05", "start": "00:14:02", "text": "first person or third person shooters"}, {"end": "00:14:08", "start": "00:14:03", "text": "and stuff like that. So, um, if you earn"}, {"end": "00:14:10", "start": "00:14:05", "text": "this UE5, you will, uh, need, um, some"}, {"end": "00:14:12", "start": "00:14:08", "text": "ships and crew to be able to redeem it."}, {"end": "00:14:13", "start": "00:14:10", "text": "So, again, some of the people that have"}, {"end": "00:14:15", "start": "00:14:12", "text": "only been playing UEI5, maybe they just"}, {"end": "00:14:16", "start": "00:14:13", "text": "got introduced to Star Atlas just"}, {"end": "00:14:18", "start": "00:14:15", "text": "recently with all the cool gun gun game"}, {"end": "00:14:19", "start": "00:14:16", "text": "stuff, might be like, \"Wait, I can"}, {"end": "00:14:22", "start": "00:14:18", "text": "actually earn real life money by playing"}, {"end": "00:14:24", "start": "00:14:19", "text": "Starbase, like real money.\" Like, I just"}, {"end": "00:14:26", "start": "00:14:22", "text": "like I play Starbase, I mean U5 all the"}, {"end": "00:14:28", "start": "00:14:24", "text": "time. I I have like 500 ink. All I have"}, {"end": "00:14:29", "start": "00:14:26", "text": "to do is buy, you know, a couple like"}, {"end": "00:14:30", "start": "00:14:28", "text": "airbikes, load this ink into it and"}, {"end": "00:14:32", "start": "00:14:29", "text": "bring it to this f this, you know,"}, {"end": "00:14:34", "start": "00:14:30", "text": "certain Starbase, deposit it, and then,"}, {"end": "00:14:35", "start": "00:14:32", "text": "you know what, they might get hooked"}, {"end": "00:14:37", "start": "00:14:34", "text": "into Starbase. Like, maybe I might buy"}, {"end": "00:14:38", "start": "00:14:35", "text": "some more ships, maybe I might, you"}, {"end": "00:14:40", "start": "00:14:37", "text": "know, buy this, maybe we might buy that,"}, {"end": "00:14:42", "start": "00:14:38", "text": "maybe some claim stakes to play C4, yada"}, {"end": "00:14:44", "start": "00:14:40", "text": "yada yada yada yada. So, cool stuff,"}, {"end": "00:14:46", "start": "00:14:42", "text": "man. Michael chimes in to say that the"}, {"end": "00:14:48", "start": "00:14:44", "text": "blockchain has the potential to be the"}, {"end": "00:14:51", "start": "00:14:46", "text": "substrate of the metaverse. There is an"}, {"end": "00:14:53", "start": "00:14:48", "text": "opportunity for DAPs to have a physical"}, {"end": "00:14:56", "start": "00:14:51", "text": "representation in Star Atlas. in lore."}, {"end": "00:14:58", "start": "00:14:53", "text": "The uh the star atlas is the blockchain"}, {"end": "00:14:59", "start": "00:14:56", "text": "in the game. Okay. All right, guys. So,"}, {"end": "00:15:01", "start": "00:14:58", "text": "I just want to show you guys the new"}, {"end": "00:15:04", "start": "00:14:59", "text": "phantom sectors or the new phantom bases"}, {"end": "00:15:08", "start": "00:15:01", "text": "that we have. Um so, this is the one"}, {"end": "00:15:10", "start": "00:15:04", "text": "28-21. Over here in Oni, we have"}, {"end": "00:15:14", "start": "00:15:08", "text": "negative 28-21."}, {"end": "00:15:16", "start": "00:15:10", "text": "And over here in mud is 0ative -4. And"}, {"end": "00:15:19", "start": "00:15:14", "text": "what these bases are, if you um missed"}, {"end": "00:15:22", "start": "00:15:16", "text": "the town hall, is they are bases that"}, {"end": "00:15:26", "start": "00:15:19", "text": "will be forever tier one. And you can um"}, {"end": "00:15:28", "start": "00:15:22", "text": "you could add as much as you want of any"}, {"end": "00:15:31", "start": "00:15:26", "text": "of these um upgradable um components"}, {"end": "00:15:33", "start": "00:15:28", "text": "into this base. Um so the reason is that"}, {"end": "00:15:34", "start": "00:15:31", "text": "a lot of the bases are going to be"}, {"end": "00:15:36", "start": "00:15:33", "text": "already filled up to tier five and"}, {"end": "00:15:38", "start": "00:15:34", "text": "there's not going to be a lot of ways to"}, {"end": "00:15:39", "start": "00:15:36", "text": "make a um LP once that happens. And so"}, {"end": "00:15:42", "start": "00:15:38", "text": "they said that they wanted the game to"}, {"end": "00:15:43", "start": "00:15:39", "text": "continuously be um fun for the people"}, {"end": "00:15:45", "start": "00:15:42", "text": "that are grinding for LP. And so this is"}, {"end": "00:15:47", "start": "00:15:43", "text": "a way that they can you know supplement"}, {"end": "00:15:49", "start": "00:15:45", "text": "the you know the fact that um the bases"}, {"end": "00:15:50", "start": "00:15:47", "text": "are kind of all being upgraded as far as"}, {"end": "00:15:51", "start": "00:15:49", "text": "they possibly can. But if you look at"}, {"end": "00:15:54", "start": "00:15:50", "text": "the very bottom right here, you can see"}, {"end": "00:15:56", "start": "00:15:51", "text": "that you can deposit ink. So the ink"}, {"end": "00:15:58", "start": "00:15:54", "text": "that you are going to be earning um in"}, {"end": "00:16:01", "start": "00:15:56", "text": "UE5 will be deposited right here. Every"}, {"end": "00:16:03", "start": "00:15:58", "text": "single ink is worth a 100,000 LP. So you"}, {"end": "00:16:06", "start": "00:16:01", "text": "can actually crank out a whole bunch of"}, {"end": "00:16:09", "start": "00:16:03", "text": "LP. Um that you then turn this LP in for"}, {"end": "00:16:10", "start": "00:16:06", "text": "Atlas. And uh and then you can sell"}, {"end": "00:16:12", "start": "00:16:09", "text": "Atlas if you want to sell it or you can"}, {"end": "00:16:13", "start": "00:16:10", "text": "hold on to it until the price is a"}, {"end": "00:16:15", "start": "00:16:12", "text": "little higher up or you can sell it"}, {"end": "00:16:17", "start": "00:16:13", "text": "right away for USDC or Salana or"}, {"end": "00:16:19", "start": "00:16:15", "text": "whatever you want. So, just by playing a"}, {"end": "00:16:22", "start": "00:16:17", "text": "video game, you can earn real life"}, {"end": "00:16:24", "start": "00:16:19", "text": "money. Um, and all you really need, this"}, {"end": "00:16:27", "start": "00:16:22", "text": "is what's crazy, all you really need is"}, {"end": "00:16:28", "start": "00:16:24", "text": "like a $3 crew card in Unreal Engine 5"}, {"end": "00:16:30", "start": "00:16:27", "text": "because if you don't want to play"}, {"end": "00:16:32", "start": "00:16:28", "text": "Starbase, I believe you could sell it"}, {"end": "00:16:34", "start": "00:16:30", "text": "right at the marketplace. So, let's"}, {"end": "00:16:36", "start": "00:16:32", "text": "check this out. All right, man. I found"}, {"end": "00:16:38", "start": "00:16:34", "text": "Ink on under resources in the"}, {"end": "00:16:40", "start": "00:16:36", "text": "marketplace. It is right here. Um, when"}, {"end": "00:16:41", "start": "00:16:38", "text": "I clicked on it though, for whatever"}, {"end": "00:16:42", "start": "00:16:40", "text": "reason, it just is not loading. At least"}, {"end": "00:16:44", "start": "00:16:41", "text": "on my computer, it's not loading. So, I"}, {"end": "00:16:46", "start": "00:16:42", "text": "can't see um if there's any buy or sell"}, {"end": "00:16:48", "start": "00:16:44", "text": "orders for it at the moment how much"}, {"end": "00:16:49", "start": "00:16:46", "text": "it's actually going for, but I'll be"}, {"end": "00:16:50", "start": "00:16:48", "text": "excited to see in the future. I do"}, {"end": "00:16:52", "start": "00:16:49", "text": "believe you'll be able to sell it here"}, {"end": "00:16:54", "start": "00:16:50", "text": "in the marketplace. They said that um"}, {"end": "00:16:55", "start": "00:16:52", "text": "well, I can't remember. One of the devs"}, {"end": "00:16:56", "start": "00:16:54", "text": "said that you could actually, you know,"}, {"end": "00:16:58", "start": "00:16:55", "text": "there was no reason that you wouldn't be"}, {"end": "00:17:00", "start": "00:16:56", "text": "able to sell it on the marketplace. Um"}, {"end": "00:17:01", "start": "00:16:58", "text": "but yeah, wicked cool. So, maybe maybe"}, {"end": "00:17:03", "start": "00:17:00", "text": "you're playing Starbase and just want to"}, {"end": "00:17:05", "start": "00:17:01", "text": "buy it from someone from Unreal Engine 5"}, {"end": "00:17:06", "start": "00:17:03", "text": "and you think you can make uh a decent"}, {"end": "00:17:08", "start": "00:17:05", "text": "amount of money bringing it in and"}, {"end": "00:17:10", "start": "00:17:06", "text": "getting that LP. So, keep your eyes out,"}, {"end": "00:17:12", "start": "00:17:08", "text": "see how much you can get it for. Um, and"}, {"end": "00:17:14", "start": "00:17:10", "text": "so without further ado, let's jump into"}, {"end": "00:17:15", "start": "00:17:12", "text": "the uh one of I don't know if I'll play"}, {"end": "00:17:17", "start": "00:17:14", "text": "racing or gun game. Let's jump into"}, {"end": "00:17:19", "start": "00:17:15", "text": "Unreal Engine 5 and earn ourselves a"}, {"end": "00:17:20", "start": "00:17:17", "text": "little uh little ink and then I'll end"}, {"end": "00:17:22", "start": "00:17:19", "text": "the video right there. All right, I'm"}, {"end": "00:17:23", "start": "00:17:20", "text": "about to join this death match in North"}, {"end": "00:17:26", "start": "00:17:22", "text": "America. I'm going to get my butt kicked"}, {"end": "00:17:28", "start": "00:17:23", "text": "cuz I've been uh up since 5:00 a.m. It"}, {"end": "00:17:30", "start": "00:17:26", "text": "is 9:00."}, {"end": "00:17:32", "start": "00:17:28", "text": "I'm really tired and uh I just want to"}, {"end": "00:17:33", "start": "00:17:30", "text": "earn some ink. So, I'm going to get my"}, {"end": "00:17:35", "start": "00:17:32", "text": "butt kicked, but I'm going to try to get"}, {"end": "00:17:36", "start": "00:17:33", "text": "100 XP and see what I can do. And then I"}, {"end": "00:17:38", "start": "00:17:35", "text": "think I might play a little racing and"}, {"end": "00:17:39", "start": "00:17:36", "text": "try to get a little more XP. So, let's"}, {"end": "00:17:41", "start": "00:17:38", "text": "go."}, {"end": "00:17:44", "start": "00:17:39", "text": "Oh man, all the killers are in this"}, {"end": "00:17:46", "start": "00:17:41", "text": "lobby right here. I am not going to do"}, {"end": "00:17:51", "start": "00:17:44", "text": "good. I'll get lucky if I get one kill,"}, {"end": "00:17:51", "start": "00:17:46", "text": "but we'll see what we can do."}, {"end": "00:18:08", "start": "00:18:05", "text": "Heat"}, {"end": "00:18:32", "start": "00:18:30", "text": "up"}, {"end": "00:18:44", "start": "00:18:40", "text": "So guys, man, after a bunch of matches"}, {"end": "00:18:45", "start": "00:18:42", "text": "in gun game where I got totally"}, {"end": "00:18:48", "start": "00:18:44", "text": "demolished because there were so many"}, {"end": "00:18:50", "start": "00:18:45", "text": "great players, um I was able to get"}, {"end": "00:18:51", "start": "00:18:48", "text": "myself some ink. I also played racing"}, {"end": "00:18:53", "start": "00:18:50", "text": "mode a couple times, too. That actually"}, {"end": "00:18:54", "start": "00:18:51", "text": "helped out um quite a bit. Um so anyway,"}, {"end": "00:18:56", "start": "00:18:53", "text": "man, I'm going to play a whole bunch"}, {"end": "00:18:57", "start": "00:18:54", "text": "this weekend. So I want to know if you"}, {"end": "00:18:59", "start": "00:18:56", "text": "guys are playing, too. Make sure you're"}, {"end": "00:19:00", "start": "00:18:57", "text": "subscribed. to help me out and hit that"}, {"end": "00:19:01", "start": "00:18:59", "text": "like button down below. It only takes a"}, {"end": "00:19:04", "start": "00:19:00", "text": "second. Just give it a little bit of a"}, {"end": "00:19:05", "start": "00:19:01", "text": "tap, man. And I appreciate you guys all."}, {"end": "00:19:07", "start": "00:19:04", "text": "I'm probably going to make another video"}, {"end": "00:19:09", "start": "00:19:05", "text": "this weekend, so look out for it. And"}, {"end": "00:19:12", "start": "00:19:07", "text": "I'll talk to you guys soon. Later."}, {"end": "00:19:12", "start": "00:19:09", "text": "[Music]"}]

[{"end": "00:00:03", "start": "00:00:00", "text": "Yo, what's up captains and cadets? Hey"}, {"end": "00:00:06", "start": "00:00:02", "text": "man, it's recap time. We are going to"}, {"end": "00:00:08", "start": "00:00:03", "text": "talk all about the news of Starless and"}, {"end": "00:00:10", "start": "00:00:06", "text": "what has been going on in the community."}, {"end": "00:00:12", "start": "00:00:08", "text": "It's been a bit since I did a deep dive"}, {"end": "00:00:14", "start": "00:00:10", "text": "and you know, not only the news, but"}, {"end": "00:00:16", "start": "00:00:12", "text": "also community stuff. So, it's going to"}, {"end": "00:00:18", "start": "00:00:14", "text": "be really cool to actually fill you guys"}, {"end": "00:00:20", "start": "00:00:16", "text": "in on stuff that, you know, I've been"}, {"end": "00:00:24", "start": "00:00:18", "text": "itching to talk about. So, let's do it."}, {"end": "00:00:24", "start": "00:00:20", "text": "Let's jump on in. Let's go. Wow."}, {"end": "00:00:32", "start": "00:00:25", "text": "[Music]"}, {"end": "00:00:41", "start": "00:00:36", "text": "Yo, what's up muds onies and oosters?"}, {"end": "00:00:43", "start": "00:00:39", "text": "Welcome. And anyone that is new to Star"}, {"end": "00:00:46", "start": "00:00:41", "text": "Atlas, hey man, welcome to my channel."}, {"end": "00:00:47", "start": "00:00:43", "text": "We cover everything that is Star Atlas"}, {"end": "00:00:49", "start": "00:00:46", "text": "and this is my recap video where we talk"}, {"end": "00:00:52", "start": "00:00:47", "text": "all about the news in the community of"}, {"end": "00:00:53", "start": "00:00:49", "text": "Star Atlas. Um, so we'll jump into first"}, {"end": "00:00:55", "start": "00:00:52", "text": "off Hollow Sim, but I want to ask you"}, {"end": "00:00:57", "start": "00:00:53", "text": "guys a question. I haven't done a lot of"}, {"end": "00:00:59", "start": "00:00:55", "text": "recaps lately. Um, you can see I did"}, {"end": "00:01:01", "start": "00:00:57", "text": "this one on 728 and that was mostly Star"}, {"end": "00:01:03", "start": "00:00:59", "text": "Atlas news. It wasn't much about the"}, {"end": "00:01:05", "start": "00:01:01", "text": "community and then I looked way back. It"}, {"end": "00:01:06", "start": "00:01:03", "text": "was all the way in May was my previous"}, {"end": "00:01:08", "start": "00:01:05", "text": "one and so I haven't been doing a lot of"}, {"end": "00:01:10", "start": "00:01:06", "text": "the recap videos. If you guys really"}, {"end": "00:01:12", "start": "00:01:08", "text": "liked recap videos, I could try to, you"}, {"end": "00:01:14", "start": "00:01:10", "text": "know, do a little bit more. Um, one of"}, {"end": "00:01:16", "start": "00:01:12", "text": "the reasons was I felt like I was um,"}, {"end": "00:01:18", "start": "00:01:14", "text": "stepping on Metverse Explorer's toes,"}, {"end": "00:01:20", "start": "00:01:16", "text": "who really does a lot of recaps and uh,"}, {"end": "00:01:21", "start": "00:01:18", "text": "he hasn't been putting out as many"}, {"end": "00:01:23", "start": "00:01:20", "text": "videos lately. So, I realized that maybe"}, {"end": "00:01:27", "start": "00:01:21", "text": "I should, you know, try to fill in that"}, {"end": "00:01:29", "start": "00:01:23", "text": "gap in the meantime. So, let's go into"}, {"end": "00:01:32", "start": "00:01:27", "text": "Hollow Sim. Man, Hollow Sim was just"}, {"end": "00:01:34", "start": "00:01:29", "text": "released this past Wednesday, Wednesday"}, {"end": "00:01:36", "start": "00:01:32", "text": "evening, um, Eastern time, at least my"}, {"end": "00:01:38", "start": "00:01:34", "text": "time. Um, it is, it seems like it's"}, {"end": "00:01:39", "start": "00:01:36", "text": "doing awesome. There's a ton of people"}, {"end": "00:01:41", "start": "00:01:38", "text": "see, you know, that seem to have jumped"}, {"end": "00:01:44", "start": "00:01:39", "text": "in and started playing. Um, it is"}, {"end": "00:01:45", "start": "00:01:41", "text": "sponsored, um, partially by Soul, um,"}, {"end": "00:01:47", "start": "00:01:44", "text": "Soulflare and partially by Automata, the"}, {"end": "00:01:51", "start": "00:01:45", "text": "creators of Star Atlas. And there's a"}, {"end": "00:01:53", "start": "00:01:47", "text": "total of $35,000 in rewards given away,"}, {"end": "00:01:54", "start": "00:01:51", "text": "you know, just for playing. Um I I like"}, {"end": "00:01:56", "start": "00:01:53", "text": "this advertisement right here. So"}, {"end": "00:01:58", "start": "00:01:54", "text": "Soulflare put out this um advertisement."}, {"end": "00:02:00", "start": "00:01:56", "text": "The original one didn't have all the"}, {"end": "00:02:02", "start": "00:01:58", "text": "flames and yours truly did the flames."}, {"end": "00:02:05", "start": "00:02:00", "text": "Um check it out. I just want to point"}, {"end": "00:02:07", "start": "00:02:02", "text": "this out. So Soulflare Empire, which is"}, {"end": "00:02:10", "start": "00:02:05", "text": "the uh official community managed page"}, {"end": "00:02:12", "start": "00:02:07", "text": "of Soulflare, um uh commented on this"}, {"end": "00:02:15", "start": "00:02:10", "text": "one. I did the icy flames right here."}, {"end": "00:02:17", "start": "00:02:12", "text": "And then so then"}, {"end": "00:02:19", "start": "00:02:15", "text": "um they put out um this icy look right"}, {"end": "00:02:22", "start": "00:02:17", "text": "here and I go here's a hot version to"}, {"end": "00:02:25", "start": "00:02:19", "text": "warm up with. Um and look at this. I got"}, {"end": "00:02:27", "start": "00:02:22", "text": "zero likes, no retweets. And then they"}, {"end": "00:02:28", "start": "00:02:25", "text": "didn't even tell me. But they took the"}, {"end": "00:02:30", "start": "00:02:27", "text": "image that I redid. It's their image"}, {"end": "00:02:33", "start": "00:02:28", "text": "anyway. I just kind of enhanced it, you"}, {"end": "00:02:36", "start": "00:02:30", "text": "know. And they got 332 likes and 78"}, {"end": "00:02:39", "start": "00:02:33", "text": "retweets on it, man. So hollow sim,"}, {"end": "00:02:41", "start": "00:02:36", "text": "dude. So what else do we got? The battle"}, {"end": "00:02:43", "start": "00:02:39", "text": "pass is being sold along with the hol"}, {"end": "00:02:46", "start": "00:02:41", "text": "hol sim. um game being launched and I"}, {"end": "00:02:47", "start": "00:02:43", "text": "actually grabbed it. Um look at this."}, {"end": "00:02:49", "start": "00:02:46", "text": "Hollow Sim sold 100 plus battle passes"}, {"end": "00:02:51", "start": "00:02:47", "text": "and this was a couple days ago. I'm sure"}, {"end": "00:02:53", "start": "00:02:49", "text": "there's a lot more since then. Um and um"}, {"end": "00:02:57", "start": "00:02:51", "text": "if you bought the battle battle pass, I"}, {"end": "00:02:59", "start": "00:02:53", "text": "saw on the uh Discord that the bonuses"}, {"end": "00:03:00", "start": "00:02:57", "text": "are like maybe they're not working quite"}, {"end": "00:03:03", "start": "00:02:59", "text": "properly. So if you're seeing something"}, {"end": "00:03:04", "start": "00:03:00", "text": "not work um cuz you get a daily 9x"}, {"end": "00:03:07", "start": "00:03:03", "text": "bonus. Um I feel like I'm getting the"}, {"end": "00:03:09", "start": "00:03:04", "text": "Zatlas reward though. Um but anyway,"}, {"end": "00:03:10", "start": "00:03:07", "text": "they said that uh if if for some reason"}, {"end": "00:03:11", "start": "00:03:09", "text": "something's not working with the battle"}, {"end": "00:03:13", "start": "00:03:10", "text": "pass, they're there's going to be a fix"}, {"end": "00:03:15", "start": "00:03:11", "text": "to it. So, no worries."}, {"end": "00:03:17", "start": "00:03:13", "text": "So, you can see here you get um account"}, {"end": "00:03:20", "start": "00:03:15", "text": "avatar border plus five crew on daily"}, {"end": "00:03:24", "start": "00:03:17", "text": "streak bonus plus a 9x bonus on your"}, {"end": "00:03:26", "start": "00:03:20", "text": "daily Zlas rewards. Cool stuff. So, here"}, {"end": "00:03:28", "start": "00:03:24", "text": "is Hollow Sim live at this very moment"}, {"end": "00:03:30", "start": "00:03:26", "text": "that I'm recording the video. There is a"}, {"end": "00:03:32", "start": "00:03:28", "text": "lot of people all flying around. There's"}, {"end": "00:03:35", "start": "00:03:30", "text": "a lot of people scanning as you can see."}, {"end": "00:03:37", "start": "00:03:32", "text": "So, if we look up here in the top, we"}, {"end": "00:03:39", "start": "00:03:35", "text": "actually have this new um leaderboard"}, {"end": "00:03:40", "start": "00:03:37", "text": "for factions. Um you can see right now"}, {"end": "00:03:42", "start": "00:03:39", "text": "the mud is wiping the floor with"}, {"end": "00:03:45", "start": "00:03:40", "text": "everyone else. 25,175"}, {"end": "00:03:47", "start": "00:03:42", "text": "contracts have been redeemed. Um the"}, {"end": "00:03:49", "start": "00:03:45", "text": "just just to let you guys know um um"}, {"end": "00:03:50", "start": "00:03:47", "text": "creating a contract, there's all sorts"}, {"end": "00:03:52", "start": "00:03:49", "text": "of different contracts that you can"}, {"end": "00:03:54", "start": "00:03:50", "text": "create and creating a contract takes a"}, {"end": "00:03:56", "start": "00:03:52", "text": "ton of resources. So it takes a lot of"}, {"end": "00:03:57", "start": "00:03:54", "text": "mining and it takes a lot of working"}, {"end": "00:03:58", "start": "00:03:56", "text": "together as a faction to be able to get"}, {"end": "00:04:00", "start": "00:03:57", "text": "all these resources together and then"}, {"end": "00:04:03", "start": "00:03:58", "text": "you actually sell them to different star"}, {"end": "00:04:05", "start": "00:04:00", "text": "bases where the um the basically the uh"}, {"end": "00:04:06", "start": "00:04:03", "text": "automata the creators of the game"}, {"end": "00:04:09", "start": "00:04:05", "text": "themselves are actually buying the"}, {"end": "00:04:13", "start": "00:04:06", "text": "contracts from us. Um, but uh we can see"}, {"end": "00:04:15", "start": "00:04:09", "text": "that the mud is is is doing like doing"}, {"end": "00:04:17", "start": "00:04:13", "text": "the best. 25,175."}, {"end": "00:04:19", "start": "00:04:15", "text": "Um, now I almost played, but I'm not"}, {"end": "00:04:21", "start": "00:04:17", "text": "playing. They're my main faction, but I"}, {"end": "00:04:23", "start": "00:04:19", "text": "promised I'd play on, so I'm playing on"}, {"end": "00:04:25", "start": "00:04:21", "text": "again. Well, is shortly behind them at"}, {"end": "00:04:27", "start": "00:04:23", "text": "21,489."}, {"end": "00:04:30", "start": "00:04:25", "text": "And"}, {"end": "00:04:33", "start": "00:04:27", "text": "look at this. Oni 17,412."}, {"end": "00:04:34", "start": "00:04:30", "text": "So Oni's got a lot of work to do. I I'm"}, {"end": "00:04:36", "start": "00:04:33", "text": "curious. Um, I don't know how many"}, {"end": "00:04:37", "start": "00:04:34", "text": "people are playing each faction. So I"}, {"end": "00:04:39", "start": "00:04:36", "text": "wonder if there's like less people"}, {"end": "00:04:41", "start": "00:04:37", "text": "playing on and that affects anything or"}, {"end": "00:04:43", "start": "00:04:39", "text": "you know a ton of people playing MUD or"}, {"end": "00:04:45", "start": "00:04:41", "text": "if MUD is just like you know really"}, {"end": "00:04:46", "start": "00:04:43", "text": "really got it together like you know on"}, {"end": "00:04:48", "start": "00:04:45", "text": "on like working together like oh you"}, {"end": "00:04:49", "start": "00:04:46", "text": "mine this I'm going to mine this you"}, {"end": "00:04:51", "start": "00:04:48", "text": "supply this I'm going to supply this and"}, {"end": "00:04:54", "start": "00:04:49", "text": "uh they are able to like get that big"}, {"end": "00:04:56", "start": "00:04:51", "text": "boost ahead on returning contracts. Now"}, {"end": "00:04:59", "start": "00:04:54", "text": "I wish I could help returning contracts"}, {"end": "00:05:02", "start": "00:04:56", "text": "but I'm suffering for from a glitch. My"}, {"end": "00:05:03", "start": "00:04:59", "text": "um my original idea was to actually put"}, {"end": "00:05:05", "start": "00:05:02", "text": "out a video about Hollow Sim this"}, {"end": "00:05:06", "start": "00:05:03", "text": "weekend about my play style, my"}, {"end": "00:05:09", "start": "00:05:05", "text": "playthrough, everything like that. My"}, {"end": "00:05:10", "start": "00:05:06", "text": "strategy on Hollow Sim. Um and I was"}, {"end": "00:05:11", "start": "00:05:09", "text": "doing pretty good. Not pretty good, but"}, {"end": "00:05:14", "start": "00:05:10", "text": "like I kind of started a day late"}, {"end": "00:05:16", "start": "00:05:11", "text": "because I came out when I was like about"}, {"end": "00:05:17", "start": "00:05:14", "text": "to go to bed and uh then I had to go to"}, {"end": "00:05:19", "start": "00:05:16", "text": "work. I worked 12 hours in the"}, {"end": "00:05:21", "start": "00:05:17", "text": "summertime. So 12 hour shift. I started"}, {"end": "00:05:24", "start": "00:05:19", "text": "playing basically almost 24 hours after"}, {"end": "00:05:26", "start": "00:05:21", "text": "it came out. So, I was already uh kind"}, {"end": "00:05:29", "start": "00:05:24", "text": "of lagging and but I made it up to the"}, {"end": "00:05:31", "start": "00:05:26", "text": "300s in the global rank. Um since then,"}, {"end": "00:05:35", "start": "00:05:29", "text": "my crew members are not working. Um I"}, {"end": "00:05:38", "start": "00:05:31", "text": "only have I have 14 crew. Um it took me"}, {"end": "00:05:40", "start": "00:05:35", "text": "absolutely forever to um get through the"}, {"end": "00:05:41", "start": "00:05:38", "text": "quests. Whenever I claim the quests, I"}, {"end": "00:05:43", "start": "00:05:40", "text": "don't get the crew that goes along with"}, {"end": "00:05:45", "start": "00:05:41", "text": "it. So, if you're suffering um with this"}, {"end": "00:05:46", "start": "00:05:43", "text": "uh glitch, they say that there is"}, {"end": "00:05:48", "start": "00:05:45", "text": "supposed to be a fix. It was supposed to"}, {"end": "00:05:49", "start": "00:05:46", "text": "come out yesterday. That's Saturday at"}, {"end": "00:05:52", "start": "00:05:48", "text": "the time making this video and it hasn't"}, {"end": "00:05:53", "start": "00:05:49", "text": "come out yet, unfortunately. Um, but I"}, {"end": "00:05:55", "start": "00:05:52", "text": "I'm not playing anymore until it does"}, {"end": "00:05:58", "start": "00:05:53", "text": "because I wasted like all day yesterday"}, {"end": "00:05:59", "start": "00:05:55", "text": "trying to uh trying to do one quest. It"}, {"end": "00:06:00", "start": "00:05:58", "text": "took forever. But since I only have a"}, {"end": "00:06:02", "start": "00:05:59", "text": "limited amount of fleets and a limited"}, {"end": "00:06:04", "start": "00:06:00", "text": "amount of crafters, there's not much I"}, {"end": "00:06:06", "start": "00:06:02", "text": "could do. Um, but let's look at the"}, {"end": "00:06:07", "start": "00:06:04", "text": "leaderboard. So, people, not everyone's"}, {"end": "00:06:09", "start": "00:06:06", "text": "having the same problem as me because if"}, {"end": "00:06:11", "start": "00:06:07", "text": "you look at the global rank, you look at"}, {"end": "00:06:13", "start": "00:06:09", "text": "these leaderboards. Um, this is I put in"}, {"end": "00:06:15", "start": "00:06:11", "text": "a zillion hours and I I don't even have"}, {"end": "00:06:18", "start": "00:06:13", "text": "I basically have half a million XP. And"}, {"end": "00:06:21", "start": "00:06:15", "text": "look at this Dr. Hines right here at 8"}, {"end": "00:06:23", "start": "00:06:18", "text": "million XP. man, he's number one on the"}, {"end": "00:06:26", "start": "00:06:21", "text": "leaderboard. We have Larenor um number"}, {"end": "00:06:29", "start": "00:06:23", "text": "two, just just barely behind him. Um and"}, {"end": "00:06:30", "start": "00:06:26", "text": "we have Cat Catalin Shadow um number"}, {"end": "00:06:33", "start": "00:06:29", "text": "three. So there's the top three right"}, {"end": "00:06:36", "start": "00:06:30", "text": "there. Um if we look at the faction,"}, {"end": "00:06:39", "start": "00:06:33", "text": "it's like we mostly and it's all Oster"}, {"end": "00:06:41", "start": "00:06:36", "text": "and Mud in the top 10, it looks like. Um"}, {"end": "00:06:43", "start": "00:06:39", "text": "there's not a single Oni in the top 10."}, {"end": "00:06:45", "start": "00:06:41", "text": "Um let's see, where do we get? We have"}, {"end": "00:06:47", "start": "00:06:43", "text": "to go all the way down it looks like to"}, {"end": "00:06:49", "start": "00:06:45", "text": "number 15 is the first onie right there."}, {"end": "00:06:51", "start": "00:06:47", "text": "So, way to go Mud. Way to go. You guys"}, {"end": "00:06:52", "start": "00:06:49", "text": "are doing really, really good. And it's"}, {"end": "00:06:56", "start": "00:06:51", "text": "good. Look at this. It's nice to see"}, {"end": "00:06:57", "start": "00:06:52", "text": "Lumina. Lumina um he he had some really"}, {"end": "00:06:59", "start": "00:06:56", "text": "really difficult surgeries that he went"}, {"end": "00:07:02", "start": "00:06:57", "text": "to in the past. I haven't heard um much"}, {"end": "00:07:03", "start": "00:06:59", "text": "from him. Um but I it's awesome to see"}, {"end": "00:07:06", "start": "00:07:02", "text": "them on the board right here at number"}, {"end": "00:07:08", "start": "00:07:03", "text": "17. And Sly, I think Sly said that at"}, {"end": "00:07:10", "start": "00:07:06", "text": "one point yesterday he was in in the top"}, {"end": "00:07:11", "start": "00:07:08", "text": "10. So, we have a couple onies trying to"}, {"end": "00:07:14", "start": "00:07:10", "text": "work their way up to the top 10. Good"}, {"end": "00:07:15", "start": "00:07:11", "text": "luck, guys, man. Um fun stuff. I'm"}, {"end": "00:07:16", "start": "00:07:14", "text": "really enjoying it. If you do buy the"}, {"end": "00:07:17", "start": "00:07:15", "text": "battle pass and you go to manage"}, {"end": "00:07:20", "start": "00:07:16", "text": "account, you can see right here it'll be"}, {"end": "00:07:22", "start": "00:07:17", "text": "checked that you have the battle pass."}, {"end": "00:07:24", "start": "00:07:20", "text": "And if you guys want to um play on two"}, {"end": "00:07:27", "start": "00:07:22", "text": "different devices, what you need to do"}, {"end": "00:07:29", "start": "00:07:24", "text": "is you need to um click on this save"}, {"end": "00:07:30", "start": "00:07:27", "text": "game and bring it over to your um"}, {"end": "00:07:32", "start": "00:07:29", "text": "basically if just by clicking on it,"}, {"end": "00:07:33", "start": "00:07:30", "text": "it'll copy to your clickboard. It"}, {"end": "00:07:35", "start": "00:07:32", "text": "doesn't really tell you um but it's"}, {"end": "00:07:36", "start": "00:07:33", "text": "right now you have a um basically your"}, {"end": "00:07:37", "start": "00:07:35", "text": "wallet's copied to your clickboard or"}, {"end": "00:07:39", "start": "00:07:36", "text": "actually just the information of your"}, {"end": "00:07:41", "start": "00:07:37", "text": "game is copied to your clickboard. So,"}, {"end": "00:07:43", "start": "00:07:39", "text": "what you need to do is then send that"}, {"end": "00:07:45", "start": "00:07:41", "text": "over to your other device. And then when"}, {"end": "00:07:47", "start": "00:07:43", "text": "you then you click on restore game and"}, {"end": "00:07:50", "start": "00:07:45", "text": "you paste that information into that and"}, {"end": "00:07:54", "start": "00:07:47", "text": "then if you have a battle pass, um it"}, {"end": "00:07:56", "start": "00:07:50", "text": "has you download um some information. Um"}, {"end": "00:07:57", "start": "00:07:54", "text": "you need to make sure you download that."}, {"end": "00:08:00", "start": "00:07:56", "text": "You have the option to download it. And"}, {"end": "00:08:02", "start": "00:07:57", "text": "then you will see um this this is like"}, {"end": "00:08:04", "start": "00:08:00", "text": "the part of the information you get."}, {"end": "00:08:06", "start": "00:08:02", "text": "You'll have the wallet with a semicolon"}, {"end": "00:08:08", "start": "00:08:04", "text": "and then after that um there's a whole"}, {"end": "00:08:09", "start": "00:08:06", "text": "series of numbers. It says copy these"}, {"end": "00:08:10", "start": "00:08:08", "text": "numbers here, but it'll be a whole"}, {"end": "00:08:12", "start": "00:08:09", "text": "series of numbers. You copy those"}, {"end": "00:08:15", "start": "00:08:10", "text": "numbers including the brackets and then"}, {"end": "00:08:16", "start": "00:08:12", "text": "you go back and you plug that into the"}, {"end": "00:08:18", "start": "00:08:15", "text": "paste save game and then your battle"}, {"end": "00:08:19", "start": "00:08:16", "text": "pass and your game will be on your other"}, {"end": "00:08:21", "start": "00:08:18", "text": "device. So, I had to do that because I"}, {"end": "00:08:23", "start": "00:08:19", "text": "also play on my laptop. Actually, my"}, {"end": "00:08:24", "start": "00:08:21", "text": "laptop is the thing I keep running all"}, {"end": "00:08:26", "start": "00:08:23", "text": "day long when I'm at work and everything"}, {"end": "00:08:31", "start": "00:08:24", "text": "like that. Um, my main PC right here. um"}, {"end": "00:08:33", "start": "00:08:26", "text": "I don't um and so I had to I I'd like to"}, {"end": "00:08:34", "start": "00:08:31", "text": "play on the PC like like because it has"}, {"end": "00:08:36", "start": "00:08:33", "text": "the nice big screen everything like that"}, {"end": "00:08:38", "start": "00:08:34", "text": "but the laptop um is less energy"}, {"end": "00:08:40", "start": "00:08:36", "text": "consuming so I keep that thing going at"}, {"end": "00:08:42", "start": "00:08:38", "text": "all times. Um also I'm afraid of like"}, {"end": "00:08:43", "start": "00:08:40", "text": "thunderstorms or something when I'm at"}, {"end": "00:08:45", "start": "00:08:42", "text": "work or something and uh you know I'd"}, {"end": "00:08:48", "start": "00:08:43", "text": "rather my really expensive PC not get uh"}, {"end": "00:08:50", "start": "00:08:45", "text": "zapped. So, if you're interested more"}, {"end": "00:08:52", "start": "00:08:48", "text": "about learning how to play Hollowos Sim,"}, {"end": "00:08:54", "start": "00:08:50", "text": "um if you go to Aphia Industries, make"}, {"end": "00:08:57", "start": "00:08:52", "text": "sure you follow them. And um their uh"}, {"end": "00:09:00", "start": "00:08:54", "text": "tag on Twitter is AIA. They put out a"}, {"end": "00:09:01", "start": "00:08:57", "text": "fantastic uh guide right here that um"}, {"end": "00:09:04", "start": "00:09:00", "text": "gives you a whole entire rundown on how"}, {"end": "00:09:06", "start": "00:09:01", "text": "to play."}, {"end": "00:09:07", "start": "00:09:04", "text": "You can see like all the different"}, {"end": "00:09:09", "start": "00:09:06", "text": "contents that it has right here,"}, {"end": "00:09:10", "start": "00:09:07", "text": "breaking everything down for you. Um if"}, {"end": "00:09:13", "start": "00:09:09", "text": "you feel like you're more of a visual"}, {"end": "00:09:16", "start": "00:09:10", "text": "learner, you can go over to my page and"}, {"end": "00:09:18", "start": "00:09:13", "text": "hold on one sec. And I have um two"}, {"end": "00:09:19", "start": "00:09:16", "text": "different walkthroughs just for the"}, {"end": "00:09:20", "start": "00:09:18", "text": "tutorial. This really if you're brand"}, {"end": "00:09:22", "start": "00:09:19", "text": "new to Hollisim, this will really help"}, {"end": "00:09:23", "start": "00:09:20", "text": "you out um you know kind of getting"}, {"end": "00:09:25", "start": "00:09:22", "text": "started because if you you're new to"}, {"end": "00:09:26", "start": "00:09:23", "text": "Holisim and never played Starbase that"}, {"end": "00:09:28", "start": "00:09:25", "text": "you might not know like how all the game"}, {"end": "00:09:29", "start": "00:09:26", "text": "mechanics work and stuff like that. So I"}, {"end": "00:09:31", "start": "00:09:28", "text": "walk through step by step on how to play"}, {"end": "00:09:33", "start": "00:09:29", "text": "the tutorial and this was season zero"}, {"end": "00:09:36", "start": "00:09:31", "text": "but the tutorial and the story line has"}, {"end": "00:09:38", "start": "00:09:33", "text": "not changed um really a tiny tiny bit so"}, {"end": "00:09:40", "start": "00:09:36", "text": "far. Not much. Um so you can actually"}, {"end": "00:09:41", "start": "00:09:38", "text": "follow along there and then I did the"}, {"end": "00:09:43", "start": "00:09:40", "text": "first two videos of the story line where"}, {"end": "00:09:44", "start": "00:09:41", "text": "I I go through a lot of the story line."}, {"end": "00:09:47", "start": "00:09:43", "text": "So, if you're having trouble doing any"}, {"end": "00:09:48", "start": "00:09:44", "text": "types of missions out there, man, um I I"}, {"end": "00:09:49", "start": "00:09:47", "text": "have them all in those videos. Just go"}, {"end": "00:09:51", "start": "00:09:48", "text": "check them out. Um you can probably just"}, {"end": "00:09:52", "start": "00:09:49", "text": "fast forward even if you want to until"}, {"end": "00:09:54", "start": "00:09:51", "text": "you find the actual quest that uh you're"}, {"end": "00:09:56", "start": "00:09:52", "text": "looking for and I can help you out"}, {"end": "00:09:59", "start": "00:09:54", "text": "there. All right, next. What else do we"}, {"end": "00:10:00", "start": "00:09:56", "text": "got? Ah, zinc. So, Zinc, um again, not"}, {"end": "00:10:02", "start": "00:09:59", "text": "to keep promoting myself, but I did a"}, {"end": "00:10:05", "start": "00:10:00", "text": "video uh recently about zinc and uh the"}, {"end": "00:10:07", "start": "00:10:02", "text": "new blockchain. Um it was all like, you"}, {"end": "00:10:09", "start": "00:10:05", "text": "know, all sorts of information we got"}, {"end": "00:10:11", "start": "00:10:07", "text": "from the town hall. Um, I just wanted to"}, {"end": "00:10:15", "start": "00:10:09", "text": "just real quick, we won't go too deep"}, {"end": "00:10:17", "start": "00:10:11", "text": "into zinc, but um, there was a uh,"}, {"end": "00:10:20", "start": "00:10:15", "text": "basically a second breakdown all about"}, {"end": "00:10:22", "start": "00:10:17", "text": "zinc in the most recent um, Atlas um,"}, {"end": "00:10:25", "start": "00:10:20", "text": "brew. And that that was just this past"}, {"end": "00:10:27", "start": "00:10:22", "text": "Wednesday. And um, Brett, who I think"}, {"end": "00:10:28", "start": "00:10:25", "text": "he's the VP of game design or something"}, {"end": "00:10:30", "start": "00:10:27", "text": "like that, I might be getting his title"}, {"end": "00:10:32", "start": "00:10:28", "text": "right, but Brett and um, the CEO of Star"}, {"end": "00:10:34", "start": "00:10:30", "text": "Atlas, Michael Wagner, Captain Swag, was"}, {"end": "00:10:35", "start": "00:10:32", "text": "there um, answering a whole bunch of"}, {"end": "00:10:37", "start": "00:10:34", "text": "different information the um, the"}, {"end": "00:10:38", "start": "00:10:35", "text": "community had. Um there was it seems"}, {"end": "00:10:40", "start": "00:10:37", "text": "like there's a lot of fear in the"}, {"end": "00:10:42", "start": "00:10:38", "text": "community having one more token because"}, {"end": "00:10:45", "start": "00:10:40", "text": "we're already balancing Atlas Polis and"}, {"end": "00:10:46", "start": "00:10:42", "text": "then we utilize Salana um right now and"}, {"end": "00:10:48", "start": "00:10:45", "text": "then now we're going to have zinc like"}, {"end": "00:10:50", "start": "00:10:46", "text": "kind of like a fourth token and the team"}, {"end": "00:10:51", "start": "00:10:48", "text": "is kind of assuring um the community"}, {"end": "00:10:53", "start": "00:10:50", "text": "that it's really only trying to think"}, {"end": "00:10:55", "start": "00:10:51", "text": "about three tokens. Um so they talk all"}, {"end": "00:10:57", "start": "00:10:53", "text": "about that um in this episode right"}, {"end": "00:11:00", "start": "00:10:55", "text": "here. Um, I really think that Zinc is"}, {"end": "00:11:03", "start": "00:10:57", "text": "going to be, you know, groundbreaking as"}, {"end": "00:11:06", "start": "00:11:00", "text": "far as our playing in, um, uh, uh,"}, {"end": "00:11:07", "start": "00:11:03", "text": "Starbased, um, which will soon be C4."}, {"end": "00:11:09", "start": "00:11:06", "text": "Man, it's going to cut down so many"}, {"end": "00:11:11", "start": "00:11:07", "text": "costs for us. It's going to be awesome."}, {"end": "00:11:12", "start": "00:11:09", "text": "It is might be a little bit more a"}, {"end": "00:11:14", "start": "00:11:11", "text": "juggling act at first and, um, we're"}, {"end": "00:11:15", "start": "00:11:12", "text": "going to have to use bridges to like"}, {"end": "00:11:17", "start": "00:11:14", "text": "bring stuff in and out of the two"}, {"end": "00:11:19", "start": "00:11:15", "text": "ecosystems between Salana and Zinc. They"}, {"end": "00:11:20", "start": "00:11:17", "text": "go over that all in this video, so"}, {"end": "00:11:22", "start": "00:11:19", "text": "please, um, check it out if you're"}, {"end": "00:11:24", "start": "00:11:20", "text": "interested. But um there's also a"}, {"end": "00:11:26", "start": "00:11:22", "text": "fantastic um Oh, first off, make sure"}, {"end": "00:11:29", "start": "00:11:24", "text": "you follow um if you're on on X, make"}, {"end": "00:11:30", "start": "00:11:26", "text": "sure you're following Zinc, um on X"}, {"end": "00:11:32", "start": "00:11:29", "text": "because um it seems like, you know,"}, {"end": "00:11:33", "start": "00:11:30", "text": "they're already like possibly doing"}, {"end": "00:11:35", "start": "00:11:32", "text": "giveaways and we're going to have to"}, {"end": "00:11:36", "start": "00:11:33", "text": "think all about um farming for zinc"}, {"end": "00:11:38", "start": "00:11:35", "text": "tokens coming up really shortly. So,"}, {"end": "00:11:41", "start": "00:11:36", "text": "make sure you're following Zinc on"}, {"end": "00:11:43", "start": "00:11:38", "text": "Twitter. But API put out this fantastic"}, {"end": "00:11:45", "start": "00:11:41", "text": "article right here that is um breaks"}, {"end": "00:11:48", "start": "00:11:43", "text": "down basically everything you need to"}, {"end": "00:11:50", "start": "00:11:45", "text": "know about zinc so far. Um, so again,"}, {"end": "00:11:51", "start": "00:11:48", "text": "you know, hats off to Aphia and"}, {"end": "00:11:54", "start": "00:11:50", "text": "Funcracker for putting out all these"}, {"end": "00:11:58", "start": "00:11:51", "text": "awesome articles for us. But this is um"}, {"end": "00:12:00", "start": "00:11:54", "text": "ju just a a really good informative um"}, {"end": "00:12:02", "start": "00:11:58", "text": "article right here that will kind of"}, {"end": "00:12:03", "start": "00:12:00", "text": "like take everything that you basically"}, {"end": "00:12:05", "start": "00:12:02", "text": "heard between the town hall, the Atlas"}, {"end": "00:12:06", "start": "00:12:03", "text": "Brew, um you know what what Zinc's been"}, {"end": "00:12:08", "start": "00:12:05", "text": "releasing on social media and stuff like"}, {"end": "00:12:09", "start": "00:12:06", "text": "that and he puts it all into this one"}, {"end": "00:12:11", "start": "00:12:08", "text": "article. So I recommend it and there's"}, {"end": "00:12:13", "start": "00:12:09", "text": "going to be a link for this down below"}, {"end": "00:12:15", "start": "00:12:11", "text": "for sure. Now this has been really"}, {"end": "00:12:17", "start": "00:12:13", "text": "really fun for me. I really I I like I"}, {"end": "00:12:19", "start": "00:12:15", "text": "always like behind the scenes on"}, {"end": "00:12:21", "start": "00:12:17", "text": "everything, you know, like when it comes"}, {"end": "00:12:22", "start": "00:12:19", "text": "to like making movies, like how people"}, {"end": "00:12:24", "start": "00:12:21", "text": "like like artists like, you know,"}, {"end": "00:12:26", "start": "00:12:22", "text": "challenge themselves and like, you know,"}, {"end": "00:12:28", "start": "00:12:24", "text": "create their own art, like what like"}, {"end": "00:12:29", "start": "00:12:26", "text": "where where is their like, you know,"}, {"end": "00:12:31", "start": "00:12:28", "text": "secret space where they can like, you"}, {"end": "00:12:32", "start": "00:12:29", "text": "know, kind of like, you know, you know,"}, {"end": "00:12:34", "start": "00:12:31", "text": "start their creation, like find"}, {"end": "00:12:36", "start": "00:12:32", "text": "inspiration, stuff like that. Um, and"}, {"end": "00:12:40", "start": "00:12:34", "text": "this is kind of like pulling the curtain"}, {"end": "00:12:42", "start": "00:12:36", "text": "back on um on how Chipoto has been"}, {"end": "00:12:43", "start": "00:12:40", "text": "developing um Unreal Engine 5. He's been"}, {"end": "00:12:45", "start": "00:12:42", "text": "doing these dev logs. this like"}, {"end": "00:12:48", "start": "00:12:43", "text": "basically he's like like taken a problem"}, {"end": "00:12:50", "start": "00:12:45", "text": "that he decides to tackle that that"}, {"end": "00:12:53", "start": "00:12:48", "text": "afternoon and then he gives us basically"}, {"end": "00:12:55", "start": "00:12:50", "text": "an update on how he solved that issue."}, {"end": "00:12:57", "start": "00:12:53", "text": "Now, one of my favorite devlogs is one"}, {"end": "00:12:58", "start": "00:12:55", "text": "of his first ones. It's devlog number"}, {"end": "00:12:59", "start": "00:12:57", "text": "three where he was talking about the"}, {"end": "00:13:01", "start": "00:12:58", "text": "Gatling gun. And I was having some"}, {"end": "00:13:03", "start": "00:12:59", "text": "issues myself with the gatling gun"}, {"end": "00:13:04", "start": "00:13:01", "text": "because it I'm not that great. I'm still"}, {"end": "00:13:06", "start": "00:13:03", "text": "using the um learning the mouse and"}, {"end": "00:13:09", "start": "00:13:04", "text": "keyboard. It's not that great. I'm"}, {"end": "00:13:11", "start": "00:13:06", "text": "terrible right now um playing against"}, {"end": "00:13:13", "start": "00:13:09", "text": "all these legends um you know in Unreal"}, {"end": "00:13:15", "start": "00:13:11", "text": "Engine 5. But one of the games um that"}, {"end": "00:13:16", "start": "00:13:13", "text": "you can play when you jump on in and"}, {"end": "00:13:17", "start": "00:13:15", "text": "play against the community is called the"}, {"end": "00:13:19", "start": "00:13:16", "text": "gun game. And you start off with"}, {"end": "00:13:21", "start": "00:13:17", "text": "basically it's supposed to be the best"}, {"end": "00:13:22", "start": "00:13:19", "text": "game that or gun that Star Atlas has at"}, {"end": "00:13:24", "start": "00:13:21", "text": "the moment. And then you work your way"}, {"end": "00:13:27", "start": "00:13:22", "text": "all the way down to a melee attack. Um"}, {"end": "00:13:29", "start": "00:13:24", "text": "so um you progressively go from to a"}, {"end": "00:13:33", "start": "00:13:27", "text": "more difficult gun um as you get kills"}, {"end": "00:13:35", "start": "00:13:29", "text": "um or eliminations. And so um there's a"}, {"end": "00:13:36", "start": "00:13:33", "text": "spooling effect in in the um Gatling"}, {"end": "00:13:38", "start": "00:13:35", "text": "gun. And for me, I was having not only"}, {"end": "00:13:39", "start": "00:13:36", "text": "trying to learn the, you know, mouse and"}, {"end": "00:13:41", "start": "00:13:38", "text": "keyboard controls cuz I usually play"}, {"end": "00:13:43", "start": "00:13:39", "text": "with, you know, an Xbox controller, but"}, {"end": "00:13:45", "start": "00:13:41", "text": "I'm teaching myself how to play on PC."}, {"end": "00:13:48", "start": "00:13:43", "text": "Little difficult for me in my old age."}, {"end": "00:13:49", "start": "00:13:45", "text": "Um, but, um, I noticed that not only did"}, {"end": "00:13:50", "start": "00:13:48", "text": "I not get the timing right, but some"}, {"end": "00:13:52", "start": "00:13:49", "text": "newer players were kind of jumping in"}, {"end": "00:13:53", "start": "00:13:50", "text": "like names I've never recognized before."}, {"end": "00:13:54", "start": "00:13:52", "text": "And they were trying to go up and shoot"}, {"end": "00:13:56", "start": "00:13:53", "text": "me and nothing happened. And you can"}, {"end": "00:13:57", "start": "00:13:54", "text": "tell that they were trying to like hit"}, {"end": "00:13:58", "start": "00:13:56", "text": "buttons and stuff like that. And that's"}, {"end": "00:14:00", "start": "00:13:57", "text": "because you have to hold down the shoot"}, {"end": "00:14:01", "start": "00:13:58", "text": "button for a couple seconds and then it"}, {"end": "00:14:02", "start": "00:14:00", "text": "starts to rotate and then it starts to"}, {"end": "00:14:04", "start": "00:14:01", "text": "shoot. And they were getting all"}, {"end": "00:14:07", "start": "00:14:02", "text": "confused. So like here he was problem"}, {"end": "00:14:08", "start": "00:14:04", "text": "solving for that and so he he showed"}, {"end": "00:14:10", "start": "00:14:07", "text": "basically how he does it where it starts"}, {"end": "00:14:12", "start": "00:14:08", "text": "off shooting slow instead of spooling up"}, {"end": "00:14:16", "start": "00:14:10", "text": "and then it gets faster and faster. So"}, {"end": "00:14:16", "start": "00:14:12", "text": "let's check this out."}, {"end": "00:14:34", "start": "00:14:30", "text": "Cool stuff. So way to go. Thank you so"}, {"end": "00:14:35", "start": "00:14:32", "text": "very much for putting all these out"}, {"end": "00:14:38", "start": "00:14:34", "text": "there. I I really myself I'm really"}, {"end": "00:14:41", "start": "00:14:35", "text": "really enjoying them. Love them. Um"}, {"end": "00:14:43", "start": "00:14:38", "text": "next, we have had some community uh"}, {"end": "00:14:45", "start": "00:14:41", "text": "meetups since my last uh very last"}, {"end": "00:14:48", "start": "00:14:43", "text": "recap. Um this one right here um was in"}, {"end": "00:14:51", "start": "00:14:45", "text": "Valencia. Um we could see um who uh we"}, {"end": "00:14:54", "start": "00:14:48", "text": "have Drum Carlos Kepler, we have Santi,"}, {"end": "00:14:56", "start": "00:14:51", "text": "who else was there? Um we have Daenerys,"}, {"end": "00:14:57", "start": "00:14:54", "text": "Calibri Special. Um and they all"}, {"end": "00:15:00", "start": "00:14:56", "text": "gathered. And what's really cool about"}, {"end": "00:15:03", "start": "00:14:57", "text": "this is that um there was a poll vote to"}, {"end": "00:15:05", "start": "00:15:00", "text": "um help fund community meetups in the"}, {"end": "00:15:07", "start": "00:15:03", "text": "whole entire um uh Star Atlas community,"}, {"end": "00:15:08", "start": "00:15:05", "text": "you know, community, worldwide"}, {"end": "00:15:11", "start": "00:15:07", "text": "community. And then I think I believe"}, {"end": "00:15:13", "start": "00:15:08", "text": "that this one is utilizing that Polus"}, {"end": "00:15:15", "start": "00:15:11", "text": "Fund, which is a lot of fun. You can see"}, {"end": "00:15:18", "start": "00:15:13", "text": "our beautiful family right there. Um and"}, {"end": "00:15:20", "start": "00:15:15", "text": "then there was a second one. Um and then"}, {"end": "00:15:22", "start": "00:15:18", "text": "this one was um called the Comet. You"}, {"end": "00:15:24", "start": "00:15:20", "text": "can see Bruho right here made a whole"}, {"end": "00:15:26", "start": "00:15:22", "text": "post about that. That was yesterday at"}, {"end": "00:15:28", "start": "00:15:24", "text": "the time making this video, August 23rd"}, {"end": "00:15:30", "start": "00:15:26", "text": "from this time to this time in Cologne,"}, {"end": "00:15:32", "start": "00:15:28", "text": "Germany. And what was really cool about"}, {"end": "00:15:34", "start": "00:15:30", "text": "it, it's not up anymore, but Startless"}, {"end": "00:15:38", "start": "00:15:32", "text": "TV actually like kind of like set up a"}, {"end": "00:15:39", "start": "00:15:34", "text": "little camera um there. Um ODVB um I"}, {"end": "00:15:42", "start": "00:15:38", "text": "believe is probably there. I think he's"}, {"end": "00:15:44", "start": "00:15:39", "text": "from Germany, I do believe. And uh yeah,"}, {"end": "00:15:45", "start": "00:15:42", "text": "so I actually got to watch about a half"}, {"end": "00:15:46", "start": "00:15:44", "text": "an hour of footage of uh the community"}, {"end": "00:15:49", "start": "00:15:45", "text": "all kind of hanging out together. But"}, {"end": "00:15:52", "start": "00:15:46", "text": "here um is these signs as you were"}, {"end": "00:15:54", "start": "00:15:49", "text": "walking in. Really fun stuff. Um, and"}, {"end": "00:15:55", "start": "00:15:52", "text": "then here's just one shot of the"}, {"end": "00:15:57", "start": "00:15:54", "text": "community. Um, there was when I was"}, {"end": "00:15:58", "start": "00:15:55", "text": "watching the video, there's a ton more"}, {"end": "00:16:00", "start": "00:15:57", "text": "people right here. Um, I was just"}, {"end": "00:16:02", "start": "00:15:58", "text": "mentioning Funkracker who writes the"}, {"end": "00:16:03", "start": "00:16:00", "text": "articles for Aphia and uh, yeah, he was"}, {"end": "00:16:04", "start": "00:16:02", "text": "like front and center right there and he"}, {"end": "00:16:05", "start": "00:16:03", "text": "was right on his laptop. It looked like"}, {"end": "00:16:08", "start": "00:16:04", "text": "he was like literally writing an article"}, {"end": "00:16:09", "start": "00:16:05", "text": "while he was there. Um, cool stuff. He"}, {"end": "00:16:11", "start": "00:16:08", "text": "probably was most likely just playing a"}, {"end": "00:16:12", "start": "00:16:09", "text": "Star Atlas game or something like that."}, {"end": "00:16:14", "start": "00:16:11", "text": "But, uh, yeah, love it. Speaking of"}, {"end": "00:16:16", "start": "00:16:12", "text": "Funcracker, he's the one that posted"}, {"end": "00:16:20", "start": "00:16:14", "text": "that picture right there. All right. Um,"}, {"end": "00:16:22", "start": "00:16:16", "text": "there is a huge Iris Quest tournament"}, {"end": "00:16:25", "start": "00:16:20", "text": "going on. Actually, it's going to be"}, {"end": "00:16:26", "start": "00:16:22", "text": "taking place very, very soon. Um, for"}, {"end": "00:16:27", "start": "00:16:25", "text": "the finale, um, while I'm making this"}, {"end": "00:16:29", "start": "00:16:26", "text": "video right now, I'll probably be"}, {"end": "00:16:32", "start": "00:16:27", "text": "editing it while the finale is going on."}, {"end": "00:16:34", "start": "00:16:29", "text": "But, um, look at 14 different teams,"}, {"end": "00:16:36", "start": "00:16:32", "text": "man. Look at all these like all these"}, {"end": "00:16:38", "start": "00:16:34", "text": "players right here that are all"}, {"end": "00:16:39", "start": "00:16:36", "text": "together, you know, busting their butt"}, {"end": "00:16:41", "start": "00:16:38", "text": "to try to get their chops together to"}, {"end": "00:16:43", "start": "00:16:39", "text": "see who's going to be the champion um,"}, {"end": "00:16:45", "start": "00:16:41", "text": "in this tournament. And there is a lot"}, {"end": "00:16:47", "start": "00:16:43", "text": "of I I believe like some really good"}, {"end": "00:16:49", "start": "00:16:45", "text": "prizes and the prizes were all put"}, {"end": "00:16:52", "start": "00:16:47", "text": "together from the community. Now the"}, {"end": "00:16:53", "start": "00:16:49", "text": "legend Neo Armstrong is actually um this"}, {"end": "00:16:55", "start": "00:16:52", "text": "was yesterday like we can just take a"}, {"end": "00:16:57", "start": "00:16:53", "text": "peek of the tournament. He's actually"}, {"end": "00:16:59", "start": "00:16:55", "text": "broadcasting it live on Twitch. So if"}, {"end": "00:17:02", "start": "00:16:57", "text": "you want to follow Neo Armstrong on"}, {"end": "00:17:04", "start": "00:16:59", "text": "Twitch it's Neo_Aa"}, {"end": "00:17:06", "start": "00:17:02", "text": "for Armstrong. Um let's just take a"}, {"end": "00:17:10", "start": "00:17:04", "text": "little peek at yesterday's uh you know"}, {"end": "00:17:10", "start": "00:17:06", "text": "yesterday's gameplay."}, {"end": "00:17:17", "start": "00:17:11", "text": "We are seeing a pirate guys."}, {"end": "00:17:19", "start": "00:17:14", "text": "We are seeing a pirate."}, {"end": "00:17:24", "start": "00:17:17", "text": "Master Lois"}, {"end": "00:17:28", "start": "00:17:19", "text": "play now. He take he recovers his life."}, {"end": "00:17:30", "start": "00:17:24", "text": "Six points. Six points for neutrons."}, {"end": "00:17:32", "start": "00:17:28", "text": "This points."}, {"end": "00:17:35", "start": "00:17:30", "text": "Z makes two points. Makes one point."}, {"end": "00:17:39", "start": "00:17:32", "text": "Bubba Bubba makes another point."}, {"end": "00:17:39", "start": "00:17:35", "text": "six points for"}, {"end": "00:17:44", "start": "00:17:40", "text": "so man way to go Neil Armstrong man he's"}, {"end": "00:17:45", "start": "00:17:42", "text": "definitely filling a void that we didn't"}, {"end": "00:17:47", "start": "00:17:44", "text": "have in Sar Alice and that is the whole"}, {"end": "00:17:50", "start": "00:17:45", "text": "entire streaming audience and he's doing"}, {"end": "00:17:51", "start": "00:17:47", "text": "this fantastic not only like is he doing"}, {"end": "00:17:53", "start": "00:17:50", "text": "uh you know streaming when he plays but"}, {"end": "00:17:55", "start": "00:17:51", "text": "he's actually doing the spectator mode"}, {"end": "00:17:56", "start": "00:17:53", "text": "and being a commentator for all of our"}, {"end": "00:17:57", "start": "00:17:55", "text": "different racing events and shooting"}, {"end": "00:17:58", "start": "00:17:56", "text": "events and stuff we have for Star Atlas"}, {"end": "00:18:00", "start": "00:17:57", "text": "and I'm sure there's going to be more"}, {"end": "00:18:03", "start": "00:17:58", "text": "and more in the future. So this is such"}, {"end": "00:18:04", "start": "00:18:00", "text": "cool stuff. Um he got a community member"}, {"end": "00:18:05", "start": "00:18:03", "text": "of the year I think for the Joy Award"}, {"end": "00:18:10", "start": "00:18:04", "text": "and he totally deserves it. It's so"}, {"end": "00:18:11", "start": "00:18:05", "text": "super cool. Um now Tenets tour um Tenets"}, {"end": "00:18:13", "start": "00:18:10", "text": "tour has been doing this fantastic"}, {"end": "00:18:15", "start": "00:18:11", "text": "photography campaign. I love the"}, {"end": "00:18:17", "start": "00:18:13", "text": "photography and the photographers of"}, {"end": "00:18:19", "start": "00:18:15", "text": "Star Atlas. Um but he's doing 365 days"}, {"end": "00:18:21", "start": "00:18:17", "text": "of photography. Um releasing one picture"}, {"end": "00:18:24", "start": "00:18:19", "text": "per day and he's starting off basically"}, {"end": "00:18:26", "start": "00:18:21", "text": "telling the history of our Unreal Engine"}, {"end": "00:18:27", "start": "00:18:24", "text": "5 Star Atlas journey starting with the"}, {"end": "00:18:29", "start": "00:18:26", "text": "early release of the showroom and what"}, {"end": "00:18:31", "start": "00:18:27", "text": "the showroom was really like back then."}, {"end": "00:18:32", "start": "00:18:29", "text": "Um, and he's doing a little, you know,"}, {"end": "00:18:34", "start": "00:18:31", "text": "he does like a little blurb all about"}, {"end": "00:18:36", "start": "00:18:32", "text": "what the photograph, you know, what the"}, {"end": "00:18:37", "start": "00:18:34", "text": "photograph is about and what was going"}, {"end": "00:18:39", "start": "00:18:36", "text": "on in the photograph and what Sarales"}, {"end": "00:18:40", "start": "00:18:37", "text": "was, you know, where they were in the"}, {"end": "00:18:43", "start": "00:18:39", "text": "creative stage of releasing Unreal"}, {"end": "00:18:45", "start": "00:18:40", "text": "Engine 5 stuff. So, awesome stuff. So,"}, {"end": "00:18:46", "start": "00:18:43", "text": "follow Tet's tour. And if you ever"}, {"end": "00:18:48", "start": "00:18:45", "text": "really like, you know, are addicted to"}, {"end": "00:18:50", "start": "00:18:46", "text": "his photography, you could always go to"}, {"end": "00:18:52", "start": "00:18:48", "text": "galia meta.io where there's a bunch of"}, {"end": "00:18:55", "start": "00:18:50", "text": "different um photographers right here um"}, {"end": "00:18:57", "start": "00:18:52", "text": "that have all their images able to be"}, {"end": "00:18:59", "start": "00:18:55", "text": "printed on different types of medium."}, {"end": "00:19:01", "start": "00:18:57", "text": "So, for instance, you can have it um"}, {"end": "00:19:03", "start": "00:18:59", "text": "printed and framed. Um you can have it"}, {"end": "00:19:06", "start": "00:19:01", "text": "canvased like the ones I got printed"}, {"end": "00:19:07", "start": "00:19:03", "text": "behind me. Um this is what it looks like"}, {"end": "00:19:08", "start": "00:19:06", "text": "right here. Like what a beautiful"}, {"end": "00:19:10", "start": "00:19:07", "text": "picture that is. I should get that one."}, {"end": "00:19:13", "start": "00:19:08", "text": "I just love that picture, man. I should"}, {"end": "00:19:14", "start": "00:19:10", "text": "totally order that one. Um anyway, um"}, {"end": "00:19:16", "start": "00:19:13", "text": "fantastic stuff. Love it all, man. Love"}, {"end": "00:19:19", "start": "00:19:14", "text": "it all. Go to gallium.com. Support our"}, {"end": "00:19:21", "start": "00:19:16", "text": "local artists and also support our"}, {"end": "00:19:23", "start": "00:19:19", "text": "YouTubers. And anomaly was one of my"}, {"end": "00:19:25", "start": "00:19:21", "text": "favorite um content creators. um he was"}, {"end": "00:19:26", "start": "00:19:23", "text": "putting out a bunch of stuff and he took"}, {"end": "00:19:28", "start": "00:19:25", "text": "a very very long break and he's been"}, {"end": "00:19:30", "start": "00:19:26", "text": "kind of like putting out more and more"}, {"end": "00:19:31", "start": "00:19:28", "text": "stuff recently. I guess it wasn't a long"}, {"end": "00:19:33", "start": "00:19:30", "text": "break. I see like 1 year then 3 months."}, {"end": "00:19:34", "start": "00:19:31", "text": "So he took like like a 9month break. Um"}, {"end": "00:19:37", "start": "00:19:33", "text": "but he's been putting out more and more"}, {"end": "00:19:38", "start": "00:19:34", "text": "content. Um and I've been really"}, {"end": "00:19:40", "start": "00:19:37", "text": "enjoying it. He actually did this"}, {"end": "00:19:43", "start": "00:19:38", "text": "contest right here if you guys want to"}, {"end": "00:19:44", "start": "00:19:40", "text": "click on this and check out his contest."}, {"end": "00:19:46", "start": "00:19:43", "text": "He was basically opening crew members"}, {"end": "00:19:47", "start": "00:19:44", "text": "and then he did this little thing that"}, {"end": "00:19:49", "start": "00:19:46", "text": "you'll have to watch the video to find"}, {"end": "00:19:50", "start": "00:19:47", "text": "out how you can actually get yourself"}, {"end": "00:19:52", "start": "00:19:49", "text": "one of the crew members that he opened"}, {"end": "00:19:54", "start": "00:19:50", "text": "up. But he also made this video right"}, {"end": "00:19:55", "start": "00:19:52", "text": "here that I realized. I said I was going"}, {"end": "00:19:56", "start": "00:19:54", "text": "to make a video on and I never did until"}, {"end": "00:19:58", "start": "00:19:55", "text": "I saw that he did the video and I'm"}, {"end": "00:20:01", "start": "00:19:56", "text": "like, \"Oh man, how did I forget to do"}, {"end": "00:20:03", "start": "00:19:58", "text": "this?\" Cuz um we have Magic Puncher um"}, {"end": "00:20:06", "start": "00:20:01", "text": "from Star Atlas, developer of Star"}, {"end": "00:20:08", "start": "00:20:03", "text": "Atlas, Brad um has been um he basically"}, {"end": "00:20:10", "start": "00:20:06", "text": "developed this whole entire uh you know"}, {"end": "00:20:11", "start": "00:20:08", "text": "solo campaign that you can play if you"}, {"end": "00:20:13", "start": "00:20:10", "text": "go into the world of Gallia. And I think"}, {"end": "00:20:14", "start": "00:20:11", "text": "everyone you know like including myself,"}, {"end": "00:20:15", "start": "00:20:13", "text": "but a lot of people are all caught up in"}, {"end": "00:20:17", "start": "00:20:14", "text": "the gun game because it's been so much"}, {"end": "00:20:20", "start": "00:20:15", "text": "fun lately um with the new servers and"}, {"end": "00:20:22", "start": "00:20:17", "text": "stuff that they have. Um, but yeah, this"}, {"end": "00:20:23", "start": "00:20:20", "text": "is whole entire um, you know, campaign"}, {"end": "00:20:25", "start": "00:20:22", "text": "that you can play that I have to go and"}, {"end": "00:20:26", "start": "00:20:23", "text": "check out. Um, but I clicked on this. I"}, {"end": "00:20:28", "start": "00:20:25", "text": "was like, man, that's not an Anomaly's"}, {"end": "00:20:30", "start": "00:20:26", "text": "voice, you know, cuz he Yeah, this is a"}, {"end": "00:20:31", "start": "00:20:28", "text": "very American voice and he has a bit of"}, {"end": "00:20:32", "start": "00:20:30", "text": "an accent. I was like, who who's talking"}, {"end": "00:20:33", "start": "00:20:31", "text": "here?"}, {"end": "00:20:35", "start": "00:20:32", "text": "Oh, you've got to be kidding me. They"}, {"end": "00:20:37", "start": "00:20:33", "text": "found us. Hold on, honey. Evasive"}, {"end": "00:20:39", "start": "00:20:35", "text": "maneuvers. Uh, stranger, remember how"}, {"end": "00:20:42", "start": "00:20:37", "text": "they said we didn't need help? Yeah, I"}, {"end": "00:20:42", "start": "00:20:39", "text": "take it back. Desperately, totally take"}, {"end": "00:20:45", "start": "00:20:42", "text": "it back."}, {"end": "00:20:46", "start": "00:20:42", "text": "So, I got to I got to go and do a"}, {"end": "00:20:48", "start": "00:20:45", "text": "playthrough of this. I'll make sure I"}, {"end": "00:20:50", "start": "00:20:46", "text": "record it for you guys. Um, so if you"}, {"end": "00:20:52", "start": "00:20:48", "text": "guys have any like questions on like how"}, {"end": "00:20:53", "start": "00:20:50", "text": "uh, you know, what keys to press, you"}, {"end": "00:20:55", "start": "00:20:52", "text": "know, or how to, uh, you know, do the"}, {"end": "00:20:56", "start": "00:20:53", "text": "missions and stuff like that, you guys"}, {"end": "00:20:58", "start": "00:20:55", "text": "can follow along. Um, but it looks like"}, {"end": "00:20:59", "start": "00:20:56", "text": "it's a lot of fun. So, way to go, Mr."}, {"end": "00:21:00", "start": "00:20:58", "text": "Anomaly. Thank you. Please keep on"}, {"end": "00:21:04", "start": "00:20:59", "text": "putting out all the videos that you've"}, {"end": "00:21:07", "start": "00:21:00", "text": "been putting out. What else do we got?"}, {"end": "00:21:09", "start": "00:21:04", "text": "Next, I want to give a shout out to um,"}, {"end": "00:21:11", "start": "00:21:07", "text": "is it Fei 91 Roma, who's been putting"}, {"end": "00:21:12", "start": "00:21:09", "text": "out some really good videos for the"}, {"end": "00:21:15", "start": "00:21:11", "text": "Italian community. It seems I don't"}, {"end": "00:21:17", "start": "00:21:12", "text": "speak Italian. Um, but um, you know, it"}, {"end": "00:21:18", "start": "00:21:15", "text": "looks like he started doing some content"}, {"end": "00:21:20", "start": "00:21:17", "text": "a couple years ago, but he's put out a"}, {"end": "00:21:23", "start": "00:21:18", "text": "bunch recently, and I just wanted to"}, {"end": "00:21:25", "start": "00:21:20", "text": "throw him some support. Um, love to see"}, {"end": "00:21:28", "start": "00:21:23", "text": "it. I'd love to, you know, that Italian"}, {"end": "00:21:28", "start": "00:21:25", "text": "community grow."}, {"end": "00:21:39", "start": "00:21:35", "text": "I love the Italian language, man. I"}, {"end": "00:21:42", "start": "00:21:38", "text": "can't speak it, but I love it. Uh, it"}, {"end": "00:21:44", "start": "00:21:39", "text": "always reminds reminds me of that Family"}, {"end": "00:21:45", "start": "00:21:42", "text": "Guy moment. Uh, can we get some salami?"}, {"end": "00:21:46", "start": "00:21:44", "text": "And"}, {"end": "00:21:49", "start": "00:21:45", "text": "Brian, Brian, let me handle this. Uh,"}, {"end": "00:21:50", "start": "00:21:46", "text": "excuse."}, {"end": "00:21:53", "start": "00:21:49", "text": "Peter, what are you doing? Speaking"}, {"end": "00:21:53", "start": "00:21:50", "text": "Italian."}, {"end": "00:21:59", "start": "00:21:54", "text": "So, if you guys have been following the"}, {"end": "00:22:03", "start": "00:21:55", "text": "Sun, Moon, and Stars novel, um, the 22nd"}, {"end": "00:22:05", "start": "00:21:59", "text": "and final chapter of the book has just"}, {"end": "00:22:08", "start": "00:22:03", "text": "been released. Um, making, you know,"}, {"end": "00:22:09", "start": "00:22:05", "text": "having it come to an end. And here's to,"}, {"end": "00:22:10", "start": "00:22:08", "text": "you know, the second novel. Hopefully,"}, {"end": "00:22:12", "start": "00:22:09", "text": "there's going to be a second book in the"}, {"end": "00:22:14", "start": "00:22:10", "text": "whole entire series. Um, if you're"}, {"end": "00:22:16", "start": "00:22:12", "text": "interested in reading this, this is a"}, {"end": "00:22:17", "start": "00:22:14", "text": "novel that utilizes basically the lore"}, {"end": "00:22:19", "start": "00:22:16", "text": "and the different factions and"}, {"end": "00:22:21", "start": "00:22:17", "text": "characters of Star Atlas and puts it"}, {"end": "00:22:23", "start": "00:22:19", "text": "together in his own storyline. So, way"}, {"end": "00:22:26", "start": "00:22:21", "text": "to go, man. That's a lot of work right"}, {"end": "00:22:29", "start": "00:22:23", "text": "there to write a book for sure. All"}, {"end": "00:22:31", "start": "00:22:26", "text": "right. And Raspby, um, one of our"}, {"end": "00:22:32", "start": "00:22:29", "text": "content creators, formerly one of our"}, {"end": "00:22:34", "start": "00:22:31", "text": "new content creators, but now he's been"}, {"end": "00:22:36", "start": "00:22:32", "text": "around long enough that he's starting to"}, {"end": "00:22:38", "start": "00:22:34", "text": "become an OG. Love this music. We're"}, {"end": "00:22:40", "start": "00:22:36", "text": "going to talk about that in a sec. Um,"}, {"end": "00:22:42", "start": "00:22:38", "text": "just put out a very long raspies"}, {"end": "00:22:44", "start": "00:22:40", "text": "rundown. This is episode two of his"}, {"end": "00:22:45", "start": "00:22:42", "text": "second season of the raspies rundown"}, {"end": "00:22:47", "start": "00:22:44", "text": "where he basically talks all about"}, {"end": "00:22:49", "start": "00:22:45", "text": "different things that are going on in"}, {"end": "00:22:51", "start": "00:22:47", "text": "Star Atlas utilizing his character."}, {"end": "00:22:53", "start": "00:22:49", "text": "Heard your impeccably posh navigator"}, {"end": "00:22:54", "start": "00:22:51", "text": "through the glittering void of gaming"}, {"end": "00:22:57", "start": "00:22:53", "text": "greatness."}, {"end": "00:22:58", "start": "00:22:54", "text": "And um as we kind of pop through you can"}, {"end": "00:23:00", "start": "00:22:57", "text": "see all the different things he talks"}, {"end": "00:23:04", "start": "00:22:58", "text": "about um and he uses a bunch of cool"}, {"end": "00:23:05", "start": "00:23:00", "text": "like cutins and uh like uh some AI and"}, {"end": "00:23:08", "start": "00:23:04", "text": "stuff like that. I really really enjoyed"}, {"end": "00:23:09", "start": "00:23:05", "text": "the Raspy's rundown. Um, Raspby also has"}, {"end": "00:23:11", "start": "00:23:08", "text": "a contest that's going on that I want to"}, {"end": "00:23:14", "start": "00:23:09", "text": "talk about. Um, cuz there's not much"}, {"end": "00:23:16", "start": "00:23:11", "text": "time to enter the contest. Um, he says"}, {"end": "00:23:19", "start": "00:23:14", "text": "there's some banger prizes for it, but"}, {"end": "00:23:22", "start": "00:23:16", "text": "it's for making a video for um, this"}, {"end": "00:23:24", "start": "00:23:19", "text": "song right here um, by Blanca Bandida,"}, {"end": "00:23:26", "start": "00:23:22", "text": "um, Star Atlas Summer, and it's a really"}, {"end": "00:23:28", "start": "00:23:24", "text": "good song. Um, I, you know, I'd love to"}, {"end": "00:23:29", "start": "00:23:26", "text": "see, I haven't had time to make a video"}, {"end": "00:23:31", "start": "00:23:28", "text": "for it. I really would like to make a"}, {"end": "00:23:33", "start": "00:23:29", "text": "video for it, but I'd love to see what"}, {"end": "00:23:35", "start": "00:23:31", "text": "you guys have come up with. Um, but um"}, {"end": "00:23:37", "start": "00:23:33", "text": "I'm not sure also what the prizes are,"}, {"end": "00:23:39", "start": "00:23:35", "text": "but he says they're good. And uh Raspby,"}, {"end": "00:23:41", "start": "00:23:37", "text": "you know, he's kind of a whale and"}, {"end": "00:23:42", "start": "00:23:39", "text": "Sarales, so maybe, you know, I almost"}, {"end": "00:23:44", "start": "00:23:41", "text": "think that they, you know, I'd take them"}, {"end": "00:23:45", "start": "00:23:42", "text": "up on trying to, you know, win something"}, {"end": "00:23:47", "start": "00:23:44", "text": "if you think that you have the chops to"}, {"end": "00:23:48", "start": "00:23:45", "text": "create a music video. But let's listen"}, {"end": "00:23:49", "start": "00:23:47", "text": "to the song because it's a pretty good"}, {"end": "00:23:51", "start": "00:23:48", "text": "song. Um, at least the beginning of it,"}, {"end": "00:23:56", "start": "00:23:49", "text": "cuz I I like it. It's a really It's like"}, {"end": "00:23:56", "start": "00:23:51", "text": "a really decent pop song for real."}, {"end": "00:24:05", "start": "00:24:00", "text": "If you got issues with him, better learn"}, {"end": "00:24:08", "start": "00:24:02", "text": "to solve them"}, {"end": "00:24:11", "start": "00:24:05", "text": "cuz he knows enough to be a mother at"}, {"end": "00:24:14", "start": "00:24:08", "text": "the problem."}, {"end": "00:24:16", "start": "00:24:11", "text": "Yeah. If you got issues with me, better"}, {"end": "00:24:24", "start": "00:24:14", "text": "learn solar"}, {"end": "00:24:24", "start": "00:24:16", "text": "[Music]"}, {"end": "00:24:30", "start": "00:24:24", "text": "at summer."}, {"end": "00:24:34", "start": "00:24:27", "text": "It's a time to soar."}, {"end": "00:24:36", "start": "00:24:30", "text": "Breaking down patches, unlocking the"}, {"end": "00:24:40", "start": "00:24:34", "text": "lore."}, {"end": "00:24:45", "start": "00:24:36", "text": "Blockchains the power. So long as the"}, {"end": "00:24:49", "start": "00:24:40", "text": "key from ships to the cosmos, we're"}, {"end": "00:24:53", "start": "00:24:45", "text": "setting it free. Spinning through deep"}, {"end": "00:24:54", "start": "00:24:49", "text": "space where the starship."}, {"end": "00:24:57", "start": "00:24:53", "text": "And then speaking of music, man,"}, {"end": "00:24:59", "start": "00:24:54", "text": "Subverted Norms put out a whole entire"}, {"end": "00:25:04", "start": "00:24:57", "text": "album of music for us. Uh let's listen"}, {"end": "00:25:04", "start": "00:24:59", "text": "to this a little bit. Hold on."}, {"end": "00:25:09", "start": "00:25:05", "text": "Love this one. The outer rim. This is"}, {"end": "00:25:11", "start": "00:25:07", "text": "the anthem."}, {"end": "00:25:12", "start": "00:25:09", "text": "We don't follow templates. We write the"}, {"end": "00:25:14", "start": "00:25:11", "text": "frame. While other chase clout, we"}, {"end": "00:25:16", "start": "00:25:12", "text": "upgrade the game from Galia's dust to a"}, {"end": "00:25:18", "start": "00:25:14", "text": "titan's chrome. Every pixel impulse says"}, {"end": "00:25:19", "start": "00:25:16", "text": "we own this zone. You wanted a logo, we"}, {"end": "00:25:21", "start": "00:25:18", "text": "gave you a brand, a dashboard. Now"}, {"end": "00:25:23", "start": "00:25:19", "text": "here's a city that stands. Need a patch,"}, {"end": "00:25:26", "start": "00:25:21", "text": "we built a plan. Then dress your code in"}, {"end": "00:25:30", "start": "00:25:23", "text": "a satin glam. We're not the norm with a"}, {"end": "00:25:30", "start": "00:25:26", "text": "twist you miss."}, {"end": "00:25:36", "start": "00:25:31", "text": "All right. And then so that is good,"}, {"end": "00:25:39", "start": "00:25:34", "text": "right? But like there's a bunch more"}, {"end": "00:25:44", "start": "00:25:36", "text": "like look at this. Together we shape the"}, {"end": "00:25:48", "start": "00:25:39", "text": "floating shores. I come beyond"}, {"end": "00:25:48", "start": "00:25:44", "text": "the engines."}, {"end": "00:25:54", "start": "00:25:50", "text": "[Music]"}, {"end": "00:26:00", "start": "00:25:54", "text": "Oh my gosh. So that's the Super Phoenix"}, {"end": "00:26:04", "start": "00:25:56", "text": "track. Um here's the bulk guilds uh"}, {"end": "00:26:04", "start": "00:26:00", "text": "track right here. Hold on."}, {"end": "00:26:09", "start": "00:26:04", "text": "Focus. Oh yeah."}, {"end": "00:26:19", "start": "00:26:13", "text": "[Music]"}, {"end": "00:26:19", "start": "00:26:15", "text": "[Applause]"}, {"end": "00:26:27", "start": "00:26:23", "text": "He said I saw something. He doesn't He"}, {"end": "00:26:29", "start": "00:26:25", "text": "said he doesn't use AI, does it old"}, {"end": "00:26:31", "start": "00:26:27", "text": "school? Um, I'd love to know how um he"}, {"end": "00:26:35", "start": "00:26:29", "text": "creates all these different tracks and"}, {"end": "00:26:37", "start": "00:26:31", "text": "so many like such a different um like"}, {"end": "00:26:38", "start": "00:26:35", "text": "different music styles, you know. And"}, {"end": "00:26:42", "start": "00:26:37", "text": "check out this next one. Here we go."}, {"end": "00:26:42", "start": "00:26:38", "text": "Skull and Bones."}, {"end": "00:26:49", "start": "00:26:42", "text": "This one's so funny. I love it."}, {"end": "00:26:49", "start": "00:26:46", "text": "[Music]"}, {"end": "00:26:55", "start": "00:26:50", "text": "lie"}, {"end": "00:26:55", "start": "00:26:52", "text": "la."}, {"end": "00:27:03", "start": "00:26:56", "text": "We strike with silence, fade like ghost,"}, {"end": "00:27:04", "start": "00:26:59", "text": "then drink to rave."}, {"end": "00:27:06", "start": "00:27:03", "text": "[Music]"}, {"end": "00:27:08", "start": "00:27:04", "text": "So cool. Okay. Uh you'll have to come uh"}, {"end": "00:27:10", "start": "00:27:06", "text": "I have this uh you have to scroll down"}, {"end": "00:27:12", "start": "00:27:08", "text": "for a while, but I have this all linked"}, {"end": "00:27:16", "start": "00:27:10", "text": "on my um Twitter account, but you can"}, {"end": "00:27:19", "start": "00:27:12", "text": "also um follow um subvertedn is his tag"}, {"end": "00:27:20", "start": "00:27:16", "text": "name. Subvertedn. You can see it on the"}, {"end": "00:27:21", "start": "00:27:19", "text": "screen right there. and check out all"}, {"end": "00:27:22", "start": "00:27:20", "text": "this music. And it's cool cuz I could"}, {"end": "00:27:24", "start": "00:27:21", "text": "actually play it without getting nailed"}, {"end": "00:27:27", "start": "00:27:22", "text": "on YouTube cuz this is like original"}, {"end": "00:27:31", "start": "00:27:24", "text": "content. So, here we go. Here is the"}, {"end": "00:27:34", "start": "00:27:27", "text": "Club Guilds. A little more mellow."}, {"end": "00:27:36", "start": "00:27:31", "text": "Beautiful."}, {"end": "00:27:38", "start": "00:27:34", "text": "[Music]"}, {"end": "00:27:40", "start": "00:27:36", "text": "I got to use this one in I got to I can"}, {"end": "00:27:42", "start": "00:27:38", "text": "use all of them. It's It's fun in some"}, {"end": "00:27:44", "start": "00:27:40", "text": "videos, you know, if I need a little"}, {"end": "00:27:49", "start": "00:27:42", "text": "music. Love it."}, {"end": "00:27:49", "start": "00:27:44", "text": "This one's 6 minutes long."}, {"end": "00:28:01", "start": "00:27:55", "text": "So cool. I'm just gonna just so you can"}, {"end": "00:28:01", "start": "00:27:58", "text": "get the feel."}, {"end": "00:28:06", "start": "00:28:03", "text": "All right, two more, but I'm playing"}, {"end": "00:28:07", "start": "00:28:04", "text": "them. Sorry, guys. I'm playing them."}, {"end": "00:28:08", "start": "00:28:06", "text": "Hopefully you're enjoying, but I'm"}, {"end": "00:28:11", "start": "00:28:07", "text": "playing them. So here's"}, {"end": "00:28:11", "start": "00:28:08", "text": "Aphas"}, {"end": "00:28:18", "start": "00:28:13", "text": "[Music]"}, {"end": "00:28:22", "start": "00:28:16", "text": "support is pride disarm where metal"}, {"end": "00:28:24", "start": "00:28:18", "text": "screamed and circuits charm."}, {"end": "00:28:26", "start": "00:28:22", "text": "[Music]"}, {"end": "00:28:30", "start": "00:28:24", "text": "That's like the alternative rock. Then"}, {"end": "00:28:30", "start": "00:28:26", "text": "finally the bounty bar."}, {"end": "00:28:36", "start": "00:28:31", "text": "Little swang jazz man."}, {"end": "00:28:41", "start": "00:28:36", "text": "Little kuner. Hit dust with a creaking"}, {"end": "00:28:45", "start": "00:28:40", "text": "grip."}, {"end": "00:28:48", "start": "00:28:41", "text": "Neon signs in the vacuum hum."}, {"end": "00:28:51", "start": "00:28:45", "text": "You found the bar where the killers"}, {"end": "00:28:51", "start": "00:28:48", "text": "come."}, {"end": "00:28:58", "start": "00:28:54", "text": "All right, guys. So, man, make sure you"}, {"end": "00:29:01", "start": "00:28:55", "text": "uh check all that out if you missed it."}, {"end": "00:29:03", "start": "00:28:58", "text": "Um, all right. Look at this, man. So, I"}, {"end": "00:29:05", "start": "00:29:01", "text": "I don't know about the music in this"}, {"end": "00:29:06", "start": "00:29:03", "text": "one, so I'm just gonna start playing it."}, {"end": "00:29:08", "start": "00:29:05", "text": "But this was uh this was put out during"}, {"end": "00:29:10", "start": "00:29:06", "text": "the community week. I think it was"}, {"end": "00:29:15", "start": "00:29:08", "text": "actually put out during the Copa event,"}, {"end": "00:29:18", "start": "00:29:10", "text": "but we now have well it's not it's Lego"}, {"end": "00:29:21", "start": "00:29:15", "text": "is its own trademark, but this is not"}, {"end": "00:29:25", "start": "00:29:18", "text": "the official le Lego product. It says um"}, {"end": "00:29:26", "start": "00:29:21", "text": "but look at this man. Lego Star Atlas"}, {"end": "00:29:28", "start": "00:29:25", "text": "ships. I can't wait to see what this is"}, {"end": "00:29:31", "start": "00:29:26", "text": "all going to be about. It's called Star"}, {"end": "00:29:34", "start": "00:29:28", "text": "Blocks. It says it's coming soon. Um let"}, {"end": "00:29:36", "start": "00:29:31", "text": "me fast forward a tiny bit. Tiny bit."}, {"end": "00:29:40", "start": "00:29:34", "text": "And then we can turn the volume on."}, {"end": "00:29:43", "start": "00:29:36", "text": "A release like no other. This Star Atlas"}, {"end": "00:29:45", "start": "00:29:40", "text": "Community Week brings a teaser for a"}, {"end": "00:29:47", "start": "00:29:43", "text": "trailer of an announcement of an"}, {"end": "00:29:52", "start": "00:29:45", "text": "announcement coming soon from the"}, {"end": "00:29:55", "start": "00:29:47", "text": "Council of Pieces. It's the Pierce X4."}, {"end": "00:29:56", "start": "00:29:52", "text": "So, I didn't think it was real. I"}, {"end": "00:29:59", "start": "00:29:55", "text": "thought it was a pun, but then look at"}, {"end": "00:30:02", "start": "00:29:56", "text": "this right here. Dominic Bain posted"}, {"end": "00:30:04", "start": "00:29:59", "text": "this. So good. And look, he's holding"}, {"end": "00:30:07", "start": "00:30:02", "text": "he's holding the actual model itself,"}, {"end": "00:30:11", "start": "00:30:04", "text": "man. Look at that. Oh my gosh, that's so"}, {"end": "00:30:13", "start": "00:30:07", "text": "fun. Um, so I got to get one to put"}, {"end": "00:30:14", "start": "00:30:11", "text": "behind me on a shelf behind me. I got to"}, {"end": "00:30:17", "start": "00:30:13", "text": "get one of those. I can't wait to see"}, {"end": "00:30:20", "start": "00:30:14", "text": "what this is all about. Um, time will"}, {"end": "00:30:23", "start": "00:30:17", "text": "tell. So, Apex Core, they released a"}, {"end": "00:30:26", "start": "00:30:20", "text": "token called X X Core. Um it's a"}, {"end": "00:30:27", "start": "00:30:23", "text": "community-made token um for Star like"}, {"end": "00:30:30", "start": "00:30:26", "text": "it's not um part of Star Atlas. It's"}, {"end": "00:30:32", "start": "00:30:27", "text": "just a community made project by member"}, {"end": "00:30:34", "start": "00:30:30", "text": "of Star Atlas and um it actually has"}, {"end": "00:30:37", "start": "00:30:32", "text": "even staking rewards. Um you can learn"}, {"end": "00:30:40", "start": "00:30:34", "text": "all about it by going to Apex Core's um"}, {"end": "00:30:44", "start": "00:30:37", "text": "X site right here. Um and he is at"}, {"end": "00:30:46", "start": "00:30:40", "text": "Richard Cllingo or Clingo. Um so if you"}, {"end": "00:30:49", "start": "00:30:44", "text": "want to um learn about it and see if you"}, {"end": "00:30:50", "start": "00:30:46", "text": "want to invest um you totally can. And"}, {"end": "00:30:53", "start": "00:30:49", "text": "um I was curious how it's actually"}, {"end": "00:30:54", "start": "00:30:50", "text": "holding up because it was um back in"}, {"end": "00:30:56", "start": "00:30:53", "text": "July"}, {"end": "00:30:58", "start": "00:30:54", "text": "or June really when when the project was"}, {"end": "00:30:59", "start": "00:30:56", "text": "kind of like uh kind of taken off right"}, {"end": "00:31:02", "start": "00:30:58", "text": "here. You can see that was doing really"}, {"end": "00:31:03", "start": "00:30:59", "text": "really well. Um and it's still holding"}, {"end": "00:31:05", "start": "00:31:02", "text": "up. It never crashed or anything like"}, {"end": "00:31:06", "start": "00:31:03", "text": "that. It's having its, you know, es and"}, {"end": "00:31:08", "start": "00:31:05", "text": "flows. It's on a little bit of a dip,"}, {"end": "00:31:11", "start": "00:31:06", "text": "but it possibly could go right back up"}, {"end": "00:31:12", "start": "00:31:08", "text": "again. Um and uh yeah, and if you, you"}, {"end": "00:31:15", "start": "00:31:11", "text": "know, stake, you'll get um different"}, {"end": "00:31:16", "start": "00:31:12", "text": "types of rewards just for staking, which"}, {"end": "00:31:20", "start": "00:31:15", "text": "is always nice to have tokens that you"}, {"end": "00:31:22", "start": "00:31:16", "text": "can stake. Um, now Apex Core, I also did"}, {"end": "00:31:25", "start": "00:31:20", "text": "not realize that until I was making this"}, {"end": "00:31:28", "start": "00:31:22", "text": "video today. I I saw some of their early"}, {"end": "00:31:32", "start": "00:31:25", "text": "um Apex Core's early uh project release"}, {"end": "00:31:35", "start": "00:31:28", "text": "um where it utilizing AI but telling a"}, {"end": "00:31:36", "start": "00:31:32", "text": "story in Star Atlas. Um it was really"}, {"end": "00:31:38", "start": "00:31:35", "text": "pretty decent. It was a little rough"}, {"end": "00:31:39", "start": "00:31:36", "text": "around the edges cuz it's utilizing like"}, {"end": "00:31:42", "start": "00:31:38", "text": "you know early AI. Um he started the"}, {"end": "00:31:44", "start": "00:31:39", "text": "project a while ago but I didn't realize"}, {"end": "00:31:46", "start": "00:31:42", "text": "that the story is still like going like"}, {"end": "00:31:47", "start": "00:31:44", "text": "it's going. And I just want to play you"}, {"end": "00:31:49", "start": "00:31:46", "text": "guys a little of this. This is pretty"}, {"end": "00:31:49", "start": "00:31:47", "text": "crazy how good it looks now."}, {"end": "00:31:51", "start": "00:31:49", "text": "Blueprints."}, {"end": "00:31:53", "start": "00:31:49", "text": "You were messing with my game. So, you"}, {"end": "00:31:55", "start": "00:31:51", "text": "were telling us you are not Tormarmac?"}, {"end": "00:31:58", "start": "00:31:53", "text": "Oh, the core blueprints. Why didn't you"}, {"end": "00:31:59", "start": "00:31:55", "text": "say so? We need to go."}, {"end": "00:32:00", "start": "00:31:58", "text": "What just happened?"}, {"end": "00:32:03", "start": "00:31:59", "text": "Are we leaving or not? Let's go."}, {"end": "00:32:07", "start": "00:32:00", "text": "We have company. Take him to the ship."}, {"end": "00:32:07", "start": "00:32:03", "text": "Go out the back door."}, {"end": "00:32:11", "start": "00:32:09", "text": "Okay."}, {"end": "00:32:14", "start": "00:32:09", "text": "It's in an asteroid base inside the"}, {"end": "00:32:14", "start": "00:32:11", "text": "Cataclysm. A pirate stole a survey data"}, {"end": "00:32:17", "start": "00:32:14", "text": "unit."}, {"end": "00:32:18", "start": "00:32:14", "text": "So, I I was still digging. And I watched"}, {"end": "00:32:20", "start": "00:32:17", "text": "a couple episodes and I really dig it. I"}, {"end": "00:32:22", "start": "00:32:18", "text": "didn't realize that it had gotten so"}, {"end": "00:32:24", "start": "00:32:20", "text": "involved and you know like it's"}, {"end": "00:32:26", "start": "00:32:22", "text": "utilizing the character Sand if you guys"}, {"end": "00:32:28", "start": "00:32:24", "text": "remember Sand from uh from the campaign"}, {"end": "00:32:30", "start": "00:32:26", "text": "that we had in the Never Alone campaign."}, {"end": "00:32:32", "start": "00:32:28", "text": "Uh so it's cool to see him in the actual"}, {"end": "00:32:35", "start": "00:32:30", "text": "episode and see him come to life like"}, {"end": "00:32:37", "start": "00:32:32", "text": "that. And uh he's got the um my re is"}, {"end": "00:32:39", "start": "00:32:35", "text": "really looking really good like the my"}, {"end": "00:32:41", "start": "00:32:37", "text": "are starting to look really like my um"}, {"end": "00:32:42", "start": "00:32:39", "text": "it takes I think it it just takes a lot"}, {"end": "00:32:44", "start": "00:32:41", "text": "of work to train AI to start to"}, {"end": "00:32:45", "start": "00:32:42", "text": "recognize the characters that you want"}, {"end": "00:32:46", "start": "00:32:44", "text": "them to recognize. I've been utilizing a"}, {"end": "00:32:49", "start": "00:32:45", "text": "lot of AI from my artwork. I'm sure you"}, {"end": "00:32:50", "start": "00:32:46", "text": "guys have seen. Um, but yeah, this"}, {"end": "00:32:52", "start": "00:32:49", "text": "getting the prompts right and getting"}, {"end": "00:32:53", "start": "00:32:50", "text": "everything right to actually have AI not"}, {"end": "00:32:54", "start": "00:32:52", "text": "miss out on something that's important"}, {"end": "00:32:56", "start": "00:32:53", "text": "about the features of your character is"}, {"end": "00:32:59", "start": "00:32:54", "text": "really tough stuff. Um, I'm sure it'll"}, {"end": "00:33:01", "start": "00:32:56", "text": "get easier in the future. Right now, um,"}, {"end": "00:33:04", "start": "00:32:59", "text": "it takes a bit of talent. Speaking of"}, {"end": "00:33:05", "start": "00:33:01", "text": "talent, man, oh my gosh, Enigma, our 3D"}, {"end": "00:33:08", "start": "00:33:04", "text": "printer, one of our 3D printer people of"}, {"end": "00:33:11", "start": "00:33:05", "text": "Star Atlas, um, he has his own company,"}, {"end": "00:33:12", "start": "00:33:08", "text": "too. Um, but it's starlacian.com, by the"}, {"end": "00:33:14", "start": "00:33:11", "text": "way. Um, let's look at this YouTube"}, {"end": "00:33:16", "start": "00:33:12", "text": "video. And he also has, speaking of"}, {"end": "00:33:18", "start": "00:33:14", "text": "music, has his own music just for the"}, {"end": "00:33:20", "start": "00:33:16", "text": "video. Um, so I can play this music too."}, {"end": "00:33:22", "start": "00:33:18", "text": "It's like I think he created it for the"}, {"end": "00:33:24", "start": "00:33:20", "text": "video. So let's listen and check out"}, {"end": "00:33:28", "start": "00:33:22", "text": "this awesome Visus ballad right here"}, {"end": "00:33:28", "start": "00:33:24", "text": "that he printed out."}, {"end": "00:33:37", "start": "00:33:32", "text": "Yeah. Soundtrack by Enigma 42."}, {"end": "00:33:44", "start": "00:33:37", "text": "[Music]"}, {"end": "00:33:49", "start": "00:33:40", "text": "A star at Ballard is born. A ship of"}, {"end": "00:33:52", "start": "00:33:44", "text": "strength, a work of art. The plays it."}, {"end": "00:33:52", "start": "00:33:49", "text": "So this"}, {"end": "00:33:54", "start": "00:33:52", "text": "[Music]"}, {"end": "00:33:58", "start": "00:33:52", "text": "[Applause]"}, {"end": "00:34:00", "start": "00:33:54", "text": "[Music]"}, {"end": "00:34:03", "start": "00:33:58", "text": "[Applause]"}, {"end": "00:34:03", "start": "00:34:00", "text": "to fightendary"}, {"end": "00:34:07", "start": "00:34:03", "text": "[Music]"}, {"end": "00:34:10", "start": "00:34:05", "text": "ship."}, {"end": "00:34:11", "start": "00:34:07", "text": "Yeah. So, I'm going to fast forward just"}, {"end": "00:34:13", "start": "00:34:10", "text": "to the the end of it. There's going to"}, {"end": "00:34:15", "start": "00:34:11", "text": "be a link to this YouTube video and Star"}, {"end": "00:34:16", "start": "00:34:13", "text": "Atlassian down below. But look at this."}, {"end": "00:34:19", "start": "00:34:15", "text": "Like, this is what it looks like all"}, {"end": "00:34:21", "start": "00:34:16", "text": "done and illuminated."}, {"end": "00:34:23", "start": "00:34:19", "text": "So, check this out. Uh, lights up, USB"}, {"end": "00:34:25", "start": "00:34:21", "text": "powered. It's removable from the stand."}, {"end": "00:34:28", "start": "00:34:23", "text": "Illuminate. Push push to light up for 5"}, {"end": "00:34:31", "start": "00:34:25", "text": "minutes. Auto repeats every hour. Really"}, {"end": "00:34:33", "start": "00:34:28", "text": "cool stuff, man. Love it. Love it. Love"}, {"end": "00:34:35", "start": "00:34:31", "text": "it. I just wanted to poke peek at the"}, {"end": "00:34:37", "start": "00:34:33", "text": "Atlas tokens. You could see that um ever"}, {"end": "00:34:39", "start": "00:34:35", "text": "since uh was that last December, we've"}, {"end": "00:34:42", "start": "00:34:37", "text": "had this downward trend, but so has most"}, {"end": "00:34:43", "start": "00:34:39", "text": "micro caps. Um it's just been this this"}, {"end": "00:34:45", "start": "00:34:42", "text": "constant push down. Like micro cap seems"}, {"end": "00:34:48", "start": "00:34:43", "text": "like it's never came out of the bear."}, {"end": "00:34:49", "start": "00:34:45", "text": "And Atlas is a micro cap. Um also, if we"}, {"end": "00:34:52", "start": "00:34:48", "text": "look in the last month, we've kind of"}, {"end": "00:34:53", "start": "00:34:49", "text": "going sidewards. Um, I'm hoping that a"}, {"end": "00:34:55", "start": "00:34:52", "text": "lot of the sell pressure is going to be"}, {"end": "00:34:56", "start": "00:34:53", "text": "alleviated with the zinc token because"}, {"end": "00:34:59", "start": "00:34:55", "text": "um, since people are selling a lot of"}, {"end": "00:35:01", "start": "00:34:56", "text": "Atlas, um, when they earn Atlas tokens"}, {"end": "00:35:03", "start": "00:34:59", "text": "by playing Starbase, they sell a lot of"}, {"end": "00:35:06", "start": "00:35:01", "text": "them in order to offset the cost of"}, {"end": "00:35:07", "start": "00:35:03", "text": "playing Starbase through Salana fees and"}, {"end": "00:35:09", "start": "00:35:06", "text": "zinc should alleviate that. So, people"}, {"end": "00:35:10", "start": "00:35:07", "text": "won't have to sell their Atlas tokens"}, {"end": "00:35:12", "start": "00:35:09", "text": "and by then we might be able to lock"}, {"end": "00:35:13", "start": "00:35:10", "text": "them up for further rewards because"}, {"end": "00:35:15", "start": "00:35:12", "text": "they're going to be changing the whole"}, {"end": "00:35:18", "start": "00:35:13", "text": "entire way the Atlas locker works in the"}, {"end": "00:35:19", "start": "00:35:15", "text": "future. Um, this is the monthly of the"}, {"end": "00:35:21", "start": "00:35:18", "text": "Polus. You can see we had a nice little"}, {"end": "00:35:23", "start": "00:35:19", "text": "peak. We almost hit 16 cents or I think"}, {"end": "00:35:24", "start": "00:35:21", "text": "we did hit 16 cents for a second. Um and"}, {"end": "00:35:26", "start": "00:35:23", "text": "then we're coming back down. This was"}, {"end": "00:35:28", "start": "00:35:24", "text": "the town hall, you know, I think it was"}, {"end": "00:35:29", "start": "00:35:26", "text": "the classic buy the rumor, sell the news"}, {"end": "00:35:31", "start": "00:35:28", "text": "type of thing. Um people were just, you"}, {"end": "00:35:33", "start": "00:35:29", "text": "know, aping into it. Um going into the"}, {"end": "00:35:34", "start": "00:35:31", "text": "town hall and as soon as the town hall"}, {"end": "00:35:36", "start": "00:35:33", "text": "was over, they were taking profit. Um"}, {"end": "00:35:38", "start": "00:35:34", "text": "but hopefully we see this also go up"}, {"end": "00:35:39", "start": "00:35:36", "text": "because the Dow is going to get 5% of"}, {"end": "00:35:43", "start": "00:35:38", "text": "the Zinc token. They're going to be um"}, {"end": "00:35:44", "start": "00:35:39", "text": "the Dow's going to be a um uh um a"}, {"end": "00:35:46", "start": "00:35:43", "text": "validator on the whole they're going to"}, {"end": "00:35:48", "start": "00:35:44", "text": "be running one of the nodes for um the"}, {"end": "00:35:50", "start": "00:35:46", "text": "zinc blockchain and um that could bring"}, {"end": "00:35:51", "start": "00:35:48", "text": "in profits. Plus, you know, if you own"}, {"end": "00:35:53", "start": "00:35:50", "text": "Pulse, you're basically owning a piece"}, {"end": "00:35:55", "start": "00:35:51", "text": "of Star Atlas, a piece of the game"}, {"end": "00:35:56", "start": "00:35:53", "text": "itself because you are the one that gets"}, {"end": "00:35:58", "start": "00:35:55", "text": "to make the decisions in the future on"}, {"end": "00:35:59", "start": "00:35:56", "text": "how the game is going to be created,"}, {"end": "00:36:00", "start": "00:35:58", "text": "who's going to be creating the game,"}, {"end": "00:36:02", "start": "00:35:59", "text": "what direction the game's going to be"}, {"end": "00:36:03", "start": "00:36:00", "text": "going, what type of governance and d and"}, {"end": "00:36:04", "start": "00:36:02", "text": "you know, who's going to be running, you"}, {"end": "00:36:05", "start": "00:36:03", "text": "know, like actually like making the"}, {"end": "00:36:07", "start": "00:36:04", "text": "rules of the game and stuff like that."}, {"end": "00:36:09", "start": "00:36:05", "text": "That all is like supposed to be the"}, {"end": "00:36:10", "start": "00:36:07", "text": "plan. We out in the future. Um so it's"}, {"end": "00:36:11", "start": "00:36:09", "text": "like investing in Pulse like invest in"}, {"end": "00:36:14", "start": "00:36:10", "text": "the game. That's how I see it. Not"}, {"end": "00:36:18", "start": "00:36:11", "text": "financial advice of course. Um our"}, {"end": "00:36:20", "start": "00:36:14", "text": "amazing amazing um Star Atlas charity,"}, {"end": "00:36:22", "start": "00:36:18", "text": "our biggest charity for Star Atlas is"}, {"end": "00:36:24", "start": "00:36:20", "text": "Atlas Grace doing God's work right here."}, {"end": "00:36:27", "start": "00:36:22", "text": "Um you can see that the July this past"}, {"end": "00:36:29", "start": "00:36:24", "text": "July the July donations right here. Um"}, {"end": "00:36:31", "start": "00:36:27", "text": "proudly um supported a Thai and"}, {"end": "00:36:34", "start": "00:36:29", "text": "Cambodian um families that are displaced"}, {"end": "00:36:37", "start": "00:36:31", "text": "from recent border conflicts. gave $80"}, {"end": "00:36:39", "start": "00:36:34", "text": "to this charity right there. Um they I"}, {"end": "00:36:41", "start": "00:36:37", "text": "saw that Atlas Grace also says that Zinc"}, {"end": "00:36:43", "start": "00:36:39", "text": "will help offset a bunch of their costs"}, {"end": "00:36:45", "start": "00:36:41", "text": "so they'll be able to give more in um in"}, {"end": "00:36:48", "start": "00:36:43", "text": "the future. So they gave 80 that's last"}, {"end": "00:36:52", "start": "00:36:45", "text": "month they gave 2087 so quite a bit more"}, {"end": "00:36:55", "start": "00:36:48", "text": "in July than um what was given in um in"}, {"end": "00:36:56", "start": "00:36:52", "text": "June. So um if you don't know how how"}, {"end": "00:36:59", "start": "00:36:55", "text": "they're do what they're doing is they're"}, {"end": "00:37:01", "start": "00:36:56", "text": "like um the all the um assets that um"}, {"end": "00:37:04", "start": "00:36:59", "text": "Atlas Grace has are staked their pulse"}, {"end": "00:37:06", "start": "00:37:01", "text": "is staked and um with any type of the"}, {"end": "00:37:07", "start": "00:37:04", "text": "rewards that they're getting for staking"}, {"end": "00:37:09", "start": "00:37:06", "text": "everything or they're you know and"}, {"end": "00:37:11", "start": "00:37:07", "text": "playing the game Starbase like all the"}, {"end": "00:37:13", "start": "00:37:09", "text": "profit actually goes to any type of"}, {"end": "00:37:15", "start": "00:37:11", "text": "charity and of course this can grow more"}, {"end": "00:37:17", "start": "00:37:13", "text": "and more in the future especially if"}, {"end": "00:37:19", "start": "00:37:15", "text": "Atlas goes up in price and you know V"}, {"end": "00:37:21", "start": "00:37:17", "text": "you know the zinc token um you know"}, {"end": "00:37:22", "start": "00:37:19", "text": "offsets those costs. So good stuff to"}, {"end": "00:37:24", "start": "00:37:21", "text": "see. I can't wait to see, you know, like"}, {"end": "00:37:26", "start": "00:37:22", "text": "what um early January, February, after"}, {"end": "00:37:28", "start": "00:37:24", "text": "the Zinc tokens released, how much more"}, {"end": "00:37:30", "start": "00:37:26", "text": "is going to be given to different"}, {"end": "00:37:32", "start": "00:37:28", "text": "charities for Star Alice, in the name of"}, {"end": "00:37:33", "start": "00:37:30", "text": "Star Alice, I should say. Well, guys, I"}, {"end": "00:37:35", "start": "00:37:32", "text": "think that about does it. I love you"}, {"end": "00:37:36", "start": "00:37:33", "text": "guys all. Make sure you guys are"}, {"end": "00:37:38", "start": "00:37:35", "text": "subscribed. Like I said, leave me a"}, {"end": "00:37:39", "start": "00:37:36", "text": "comment below if you made it this far in"}, {"end": "00:37:40", "start": "00:37:38", "text": "the video. Thank you so much. Leave me a"}, {"end": "00:37:43", "start": "00:37:39", "text": "comment if you want to see more of these"}, {"end": "00:37:44", "start": "00:37:40", "text": "recap videos um in the future. I think"}, {"end": "00:37:48", "start": "00:37:43", "text": "you're all the best, and I'll talk to"}, {"end": "00:37:51", "start": "00:37:44", "text": "you in the next one. Later. Wow."}, {"end": "00:37:51", "start": "00:37:48", "text": "Heat. Heat. Heat."}]

[{"end": "00:00:05", "start": "00:00:01", "text": "Yo, what's up captains and cadetses?"}, {"end": "00:00:07", "start": "00:00:03", "text": "Man, we have a new season of Alosim"}, {"end": "00:00:09", "start": "00:00:05", "text": "coming out in just a few days and"}, {"end": "00:00:11", "start": "00:00:07", "text": "there's a whole bunch of cool new"}, {"end": "00:00:13", "start": "00:00:09", "text": "additions and rewards. We'll talk all"}, {"end": "00:00:15", "start": "00:00:11", "text": "about the rewards by the end of this"}, {"end": "00:00:17", "start": "00:00:13", "text": "video, so hang tight. But without"}, {"end": "00:00:20", "start": "00:00:15", "text": "further ado, let's get on into it. Let's"}, {"end": "00:00:20", "start": "00:00:17", "text": "go."}, {"end": "00:00:35", "start": "00:00:31", "text": "Yo, what's up muds? What's up onies? And"}, {"end": "00:00:38", "start": "00:00:33", "text": "what is up boosters? Also, if you're new"}, {"end": "00:00:40", "start": "00:00:35", "text": "to Star Atlas, man, welcome. Um, the"}, {"end": "00:00:42", "start": "00:00:38", "text": "Holo Sim beta that I have been playing"}, {"end": "00:00:44", "start": "00:00:40", "text": "recently, I think I've been calling it"}, {"end": "00:00:46", "start": "00:00:42", "text": "um season 1 in a lot of my videos. I"}, {"end": "00:00:48", "start": "00:00:44", "text": "thought it was season 1. Um, but"}, {"end": "00:00:50", "start": "00:00:46", "text": "apparently it is season zero, the big"}, {"end": "00:00:52", "start": "00:00:48", "text": "old season natada, the big old goose"}, {"end": "00:00:54", "start": "00:00:50", "text": "egg, man. So, this was the beta was"}, {"end": "00:00:56", "start": "00:00:52", "text": "season zero. It was basically the"}, {"end": "00:00:58", "start": "00:00:54", "text": "pre-launch to season 1 that is coming up"}, {"end": "00:01:00", "start": "00:00:56", "text": "very very soon at the time of making"}, {"end": "00:01:02", "start": "00:00:58", "text": "this video. August 20th, might be out by"}, {"end": "00:01:04", "start": "00:01:00", "text": "the time you watch this video. Um, so"}, {"end": "00:01:07", "start": "00:01:02", "text": "season 1 is, boy, there's a lot of good"}, {"end": "00:01:09", "start": "00:01:04", "text": "changes and it has rewards and it also"}, {"end": "00:01:11", "start": "00:01:07", "text": "has a battle pass. Um, wicked cool stuff"}, {"end": "00:01:12", "start": "00:01:09", "text": "to come. But you can see right here, if"}, {"end": "00:01:15", "start": "00:01:11", "text": "you are interested in catching up, um, I"}, {"end": "00:01:16", "start": "00:01:12", "text": "have the tutorial on how to play Hollow"}, {"end": "00:01:18", "start": "00:01:15", "text": "Sim. I have, um, an episode right here,"}, {"end": "00:01:20", "start": "00:01:16", "text": "if you can see my cursor, um, episode"}, {"end": "00:01:22", "start": "00:01:18", "text": "one and or part one and part two. And"}, {"end": "00:01:24", "start": "00:01:20", "text": "then I have the story line that I was"}, {"end": "00:01:26", "start": "00:01:22", "text": "playing through and I have episode one"}, {"end": "00:01:29", "start": "00:01:24", "text": "and two right here. And I actually have"}, {"end": "00:01:30", "start": "00:01:26", "text": "a third um a third part to this series"}, {"end": "00:01:33", "start": "00:01:29", "text": "that maybe I can try to get out before"}, {"end": "00:01:34", "start": "00:01:30", "text": "the uh the launch of season 1. Um it"}, {"end": "00:01:36", "start": "00:01:33", "text": "will be a really long episode. I"}, {"end": "00:01:38", "start": "00:01:34", "text": "probably have like maybe 45 minutes to"}, {"end": "00:01:39", "start": "00:01:36", "text": "an hour recorded that I never put out."}, {"end": "00:01:41", "start": "00:01:38", "text": "Um but it would be great to have that"}, {"end": "00:01:42", "start": "00:01:39", "text": "just so we actually have the history of"}, {"end": "00:01:44", "start": "00:01:41", "text": "Hollowosim, right? I kind of read"}, {"end": "00:01:46", "start": "00:01:42", "text": "through the whole story line. Um but"}, {"end": "00:01:49", "start": "00:01:44", "text": "anyway, let's get into the new season,"}, {"end": "00:01:51", "start": "00:01:46", "text": "season 1. Now, in the most recent town"}, {"end": "00:01:53", "start": "00:01:49", "text": "hall is when the announcement of the new"}, {"end": "00:01:56", "start": "00:01:51", "text": "hollow sim um was released. Um you could"}, {"end": "00:01:57", "start": "00:01:53", "text": "see um right on the screen right here"}, {"end": "00:01:59", "start": "00:01:56", "text": "during the town hall Xcode, who's been"}, {"end": "00:02:02", "start": "00:01:57", "text": "doing believe just a ton of the coding"}, {"end": "00:02:04", "start": "00:01:59", "text": "on um Hollow Sim. He's been actually"}, {"end": "00:02:06", "start": "00:02:02", "text": "keeping the game alive um that as far as"}, {"end": "00:02:08", "start": "00:02:04", "text": "I can tell um just by following along in"}, {"end": "00:02:12", "start": "00:02:06", "text": "Discord. Um he made the presentation"}, {"end": "00:02:13", "start": "00:02:08", "text": "along with N Jose. Um Jose is our lore"}, {"end": "00:02:14", "start": "00:02:12", "text": "writer for Star Atlas who seems to be"}, {"end": "00:02:17", "start": "00:02:13", "text": "having a lot of fun actually creating"}, {"end": "00:02:19", "start": "00:02:14", "text": "the lore for this game. and I have been"}, {"end": "00:02:21", "start": "00:02:17", "text": "totally enjoying um following along with"}, {"end": "00:02:23", "start": "00:02:19", "text": "the lore um and reading it all to you"}, {"end": "00:02:26", "start": "00:02:21", "text": "guys. Um but the first part I actually"}, {"end": "00:02:29", "start": "00:02:23", "text": "was not reading a lot of the lore. There"}, {"end": "00:02:31", "start": "00:02:26", "text": "was actually a uh an AI voice who was"}, {"end": "00:02:35", "start": "00:02:29", "text": "the voice of Sage who was actually"}, {"end": "00:02:35", "start": "00:02:31", "text": "reading the lore to us."}, {"end": "00:02:47", "start": "00:02:43", "text": "And um with this new season one that's"}, {"end": "00:02:49", "start": "00:02:45", "text": "coming out um unlike season zero, season"}, {"end": "00:02:51", "start": "00:02:47", "text": "1 is going to have a whole cast I"}, {"end": "00:02:53", "start": "00:02:49", "text": "believe a whole cast of characters. Each"}, {"end": "00:02:54", "start": "00:02:51", "text": "each character um in the lore in the"}, {"end": "00:02:56", "start": "00:02:53", "text": "game um during the quests is going to"}, {"end": "00:02:58", "start": "00:02:54", "text": "have their own individual voice which"}, {"end": "00:03:00", "start": "00:02:56", "text": "will be a lot of fun to actually listen"}, {"end": "00:03:03", "start": "00:02:58", "text": "to. Um so I'm psyched about that cuz I"}, {"end": "00:03:06", "start": "00:03:00", "text": "love lore lore. Oh,"}, {"end": "00:03:08", "start": "00:03:03", "text": ">> now they said that the new season 1 of"}, {"end": "00:03:09", "start": "00:03:06", "text": "Hollow Sim um will start a new trend"}, {"end": "00:03:12", "start": "00:03:08", "text": "where everything is going to be broken"}, {"end": "00:03:15", "start": "00:03:09", "text": "down into both seasons and chapters. Um"}, {"end": "00:03:16", "start": "00:03:12", "text": "I I kind of think of it like Fortnite."}, {"end": "00:03:17", "start": "00:03:15", "text": "I'm sure a lot of different games do it,"}, {"end": "00:03:19", "start": "00:03:16", "text": "you know, but Fortnite has um the the"}, {"end": "00:03:21", "start": "00:03:17", "text": "larger hole of the season and then"}, {"end": "00:03:24", "start": "00:03:19", "text": "chapters within the season. Um so what"}, {"end": "00:03:26", "start": "00:03:21", "text": "did they say? They said that the seasons"}, {"end": "00:03:27", "start": "00:03:24", "text": "are going to be um in-game expansions."}, {"end": "00:03:29", "start": "00:03:26", "text": "Um they're going to be the whole new"}, {"end": "00:03:32", "start": "00:03:27", "text": "quests. it's going to be a whole huge"}, {"end": "00:03:34", "start": "00:03:29", "text": "new update um with new logistics. Um"}, {"end": "00:03:36", "start": "00:03:32", "text": "whereas chapters are going to be like"}, {"end": "00:03:38", "start": "00:03:34", "text": "big patches. Um they're going to be uh"}, {"end": "00:03:39", "start": "00:03:36", "text": "working on the game mechanics of the"}, {"end": "00:03:41", "start": "00:03:38", "text": "game, making sure everything is, you"}, {"end": "00:03:42", "start": "00:03:39", "text": "know, running smoothly and everything is"}, {"end": "00:03:44", "start": "00:03:41", "text": "polished and tweak anything that, you"}, {"end": "00:03:47", "start": "00:03:42", "text": "know, doesn't seem to be working um"}, {"end": "00:03:48", "start": "00:03:44", "text": "within the uh season as a whole. So,"}, {"end": "00:03:50", "start": "00:03:47", "text": "pretty cool, man. Pretty cool. All"}, {"end": "00:03:52", "start": "00:03:48", "text": "right. Now, um, we can jump into"}, {"end": "00:03:56", "start": "00:03:50", "text": "Hollowsim and kind of check out a little"}, {"end": "00:03:58", "start": "00:03:52", "text": "bit of a preview of the two major um,"}, {"end": "00:04:01", "start": "00:03:56", "text": "the major changes, the major features of"}, {"end": "00:04:02", "start": "00:03:58", "text": "this new season 1, chapter 1. Um, you"}, {"end": "00:04:04", "start": "00:04:01", "text": "can see right here that the previous"}, {"end": "00:04:05", "start": "00:04:02", "text": "season zero has ended. So, we're just"}, {"end": "00:04:07", "start": "00:04:04", "text": "going to click off of that and kind of"}, {"end": "00:04:09", "start": "00:04:05", "text": "jump in the game. And I've been really,"}, {"end": "00:04:11", "start": "00:04:07", "text": "really busy ever since the town halls"}, {"end": "00:04:12", "start": "00:04:09", "text": "and we had the uh, the Copa Awards and"}, {"end": "00:04:13", "start": "00:04:11", "text": "the Joanie Awards, you know, the"}, {"end": "00:04:16", "start": "00:04:12", "text": "community week, everything like that."}, {"end": "00:04:17", "start": "00:04:13", "text": "And I kind of stopped playing uh, Hollow"}, {"end": "00:04:19", "start": "00:04:16", "text": "Sim. jumped in a little bit here and"}, {"end": "00:04:21", "start": "00:04:17", "text": "there, but I've kind of stopped playing."}, {"end": "00:04:23", "start": "00:04:19", "text": "And part of the reason is um my main"}, {"end": "00:04:24", "start": "00:04:21", "text": "quests um I had I kind of came to a"}, {"end": "00:04:27", "start": "00:04:23", "text": "standstill. I didn't get to complete the"}, {"end": "00:04:30", "start": "00:04:24", "text": "game um because a bunch of my quests um"}, {"end": "00:04:31", "start": "00:04:27", "text": "are not supported anymore um by Star"}, {"end": "00:04:33", "start": "00:04:30", "text": "Atlas. So, you could still play actually"}, {"end": "00:04:34", "start": "00:04:31", "text": "play the game and have your fleets kind"}, {"end": "00:04:36", "start": "00:04:33", "text": "of move around and do their own thing."}, {"end": "00:04:37", "start": "00:04:34", "text": "Um get a little practice before um this"}, {"end": "00:04:39", "start": "00:04:36", "text": "Wednesday, at the time of making this"}, {"end": "00:04:41", "start": "00:04:37", "text": "video, this Wednesday's launch. Um, but"}, {"end": "00:04:43", "start": "00:04:39", "text": "you can still do a few things like you"}, {"end": "00:04:45", "start": "00:04:41", "text": "can um report for duty, you can get that"}, {"end": "00:04:47", "start": "00:04:43", "text": "daily quest, but um for the most part"}, {"end": "00:04:49", "start": "00:04:45", "text": "everything should be reset in this um"}, {"end": "00:04:51", "start": "00:04:47", "text": "new season 1 chapter one. So all my"}, {"end": "00:04:53", "start": "00:04:49", "text": "fleets are all going to be destroyed,"}, {"end": "00:04:54", "start": "00:04:51", "text": "but I might just keep on naming them"}, {"end": "00:04:56", "start": "00:04:53", "text": "funky things or even bring back some of"}, {"end": "00:05:00", "start": "00:04:54", "text": "the names that I really enjoy. Um I've"}, {"end": "00:05:02", "start": "00:04:56", "text": "enjoyed doing a a Gen X uh/ early"}, {"end": "00:05:04", "start": "00:05:00", "text": "millennial uh naming style um for uh"}, {"end": "00:05:07", "start": "00:05:02", "text": "basically pop culture and all my fleets."}, {"end": "00:05:09", "start": "00:05:04", "text": "But um I have been playing on as you can"}, {"end": "00:05:11", "start": "00:05:07", "text": "see right here. I think I will remain"}, {"end": "00:05:14", "start": "00:05:09", "text": "playing Oni because Oni is the underdog"}, {"end": "00:05:17", "start": "00:05:11", "text": "and I would hate to abandon them. Um is"}, {"end": "00:05:19", "start": "00:05:14", "text": "my main uh faction. I play in Starbased."}, {"end": "00:05:21", "start": "00:05:17", "text": "I love mysters. Um but I I I think I"}, {"end": "00:05:22", "start": "00:05:19", "text": "have to support Oni um going forward in"}, {"end": "00:05:26", "start": "00:05:21", "text": "Hollowosim because they're getting"}, {"end": "00:05:27", "start": "00:05:22", "text": "destroyed by both and Mud. If you are"}, {"end": "00:05:29", "start": "00:05:26", "text": "new to Star Atlas, there's three"}, {"end": "00:05:30", "start": "00:05:27", "text": "different factions. There is the Oni"}, {"end": "00:05:32", "start": "00:05:29", "text": "race that I just talked about. They are"}, {"end": "00:05:33", "start": "00:05:30", "text": "the alien race. There's multiple"}, {"end": "00:05:36", "start": "00:05:32", "text": "different alien races that make up the"}, {"end": "00:05:38", "start": "00:05:33", "text": "consortium of the Oni race. There's the"}, {"end": "00:05:40", "start": "00:05:36", "text": "sent sentient androids and there is the"}, {"end": "00:05:43", "start": "00:05:38", "text": "mud which are the human race and they're"}, {"end": "00:05:46", "start": "00:05:40", "text": "all battling for territorial control of"}, {"end": "00:05:48", "start": "00:05:43", "text": "the um the uh I guess this is the"}, {"end": "00:05:50", "start": "00:05:46", "text": "universe or the galaxy of Gallalia. Um"}, {"end": "00:05:52", "start": "00:05:48", "text": "so this is the area that we're all"}, {"end": "00:05:54", "start": "00:05:50", "text": "playing is named Galia and we're all"}, {"end": "00:05:56", "start": "00:05:52", "text": "fighting for terottorial control. Each"}, {"end": "00:05:59", "start": "00:05:54", "text": "one of these dots represents a different"}, {"end": "00:06:01", "start": "00:05:56", "text": "star base that um they all own and color"}, {"end": "00:06:04", "start": "00:05:59", "text": "coordinated being yellow, Oni being"}, {"end": "00:06:07", "start": "00:06:01", "text": "blue, and right here we can see the muds"}, {"end": "00:06:08", "start": "00:06:04", "text": "are red. If we zoom on in though, you"}, {"end": "00:06:11", "start": "00:06:07", "text": "can see this right here, this free"}, {"end": "00:06:13", "start": "00:06:08", "text": "harbors. This used to be on and it just"}, {"end": "00:06:16", "start": "00:06:11", "text": "got taken over by the darn oosters. The"}, {"end": "00:06:19", "start": "00:06:13", "text": "oosters love you, but oosters uh you"}, {"end": "00:06:21", "start": "00:06:16", "text": "know took over the uh on's um free"}, {"end": "00:06:23", "start": "00:06:19", "text": "harbor um area right here. They're the"}, {"end": "00:06:26", "start": "00:06:21", "text": "star base. So this is now owned. So,"}, {"end": "00:06:28", "start": "00:06:23", "text": "this is going to be a new um part of the"}, {"end": "00:06:30", "start": "00:06:26", "text": "gameplay going forward. Um so, once"}, {"end": "00:06:32", "start": "00:06:28", "text": "season 1 launches, um this will actually"}, {"end": "00:06:34", "start": "00:06:30", "text": "be part of the game right now. It's just"}, {"end": "00:06:35", "start": "00:06:32", "text": "kind of still in the beta, you know. Um"}, {"end": "00:06:38", "start": "00:06:34", "text": "but what we'll have to do is we're going"}, {"end": "00:06:40", "start": "00:06:35", "text": "to have to fight for control. And um as"}, {"end": "00:06:43", "start": "00:06:38", "text": "a base gets demolished, it's going to"}, {"end": "00:06:44", "start": "00:06:40", "text": "have um I believe SP and HP, which are"}, {"end": "00:06:47", "start": "00:06:43", "text": "ship points and hit points, I believe."}, {"end": "00:06:49", "start": "00:06:44", "text": "Um as those get um annihilated by"}, {"end": "00:06:50", "start": "00:06:47", "text": "another faction, let's say decides to"}, {"end": "00:06:53", "start": "00:06:49", "text": "come over here and try to take"}, {"end": "00:06:55", "start": "00:06:50", "text": "Everstorm. as that base gets destroyed,"}, {"end": "00:06:58", "start": "00:06:53", "text": "um the last faction to basically fire"}, {"end": "00:07:01", "start": "00:06:55", "text": "the hit on that base will take control."}, {"end": "00:07:02", "start": "00:06:58", "text": "So if Mud were both trying to battle and"}, {"end": "00:07:05", "start": "00:07:01", "text": "destroy Oni, like working together to"}, {"end": "00:07:07", "start": "00:07:02", "text": "destroy Oni, if uh Mud actually fired"}, {"end": "00:07:09", "start": "00:07:05", "text": "the last hit point on Everstorm, they"}, {"end": "00:07:10", "start": "00:07:07", "text": "would actually um gain control of"}, {"end": "00:07:12", "start": "00:07:09", "text": "Everstorm and then Uster would have to"}, {"end": "00:07:14", "start": "00:07:10", "text": "fight um to try to get it from Mud and"}, {"end": "00:07:16", "start": "00:07:12", "text": "Oni would have to fight to get it back."}, {"end": "00:07:18", "start": "00:07:14", "text": "Now, what's really interesting in this"}, {"end": "00:07:20", "start": "00:07:16", "text": "is that any fleets that are trapped in"}, {"end": "00:07:22", "start": "00:07:18", "text": "Everstorm um are or you know, like if"}, {"end": "00:07:24", "start": "00:07:20", "text": "your your Oni fleets were here in Fee"}, {"end": "00:07:27", "start": "00:07:22", "text": "Harbor and then Uster took it over, your"}, {"end": "00:07:30", "start": "00:07:24", "text": "fleets are now prisoners of war. They"}, {"end": "00:07:32", "start": "00:07:27", "text": "are now stuck in this base until ONI"}, {"end": "00:07:34", "start": "00:07:30", "text": "gets it um back under control and or"}, {"end": "00:07:35", "start": "00:07:32", "text": "they're there I guess indefinitely. We"}, {"end": "00:07:36", "start": "00:07:34", "text": "don't really know really how the"}, {"end": "00:07:38", "start": "00:07:35", "text": "logistics on that are going to work out."}, {"end": "00:07:39", "start": "00:07:36", "text": "I think the team is still kind of"}, {"end": "00:07:40", "start": "00:07:38", "text": "playing it out like how people feel"}, {"end": "00:07:41", "start": "00:07:39", "text": "about it and stuff like that. changes"}, {"end": "00:07:44", "start": "00:07:40", "text": "could be made in the future, but your"}, {"end": "00:07:46", "start": "00:07:41", "text": "fleets will be stuck there at this given"}, {"end": "00:07:49", "start": "00:07:44", "text": "time um until you gain control over that"}, {"end": "00:07:50", "start": "00:07:46", "text": "uh that base. Now, I I could see this"}, {"end": "00:07:52", "start": "00:07:49", "text": "changing if like, you know, like if I'm"}, {"end": "00:07:54", "start": "00:07:50", "text": "playing on and we get demolished from"}, {"end": "00:07:56", "start": "00:07:52", "text": "mud and oosters from two different sides"}, {"end": "00:07:57", "start": "00:07:54", "text": "and we're down to like almost nothing"}, {"end": "00:07:59", "start": "00:07:56", "text": "and a lot of people are really like"}, {"end": "00:08:00", "start": "00:07:57", "text": "desperate and then you know, like"}, {"end": "00:08:02", "start": "00:07:59", "text": "they're like screw this game, man. I"}, {"end": "00:08:03", "start": "00:08:00", "text": "lost all my fleets. You know, maybe they"}, {"end": "00:08:05", "start": "00:08:02", "text": "might change things that your fleets"}, {"end": "00:08:06", "start": "00:08:03", "text": "might be sent back and getting given a"}, {"end": "00:08:07", "start": "00:08:05", "text": "timeout or something like that in your"}, {"end": "00:08:08", "start": "00:08:06", "text": "central space station or towed back to"}, {"end": "00:08:10", "start": "00:08:07", "text": "your central space station, something"}, {"end": "00:08:12", "start": "00:08:08", "text": "like that. Um, but I kind of like the"}, {"end": "00:08:13", "start": "00:08:10", "text": "way they have it right now as as"}, {"end": "00:08:15", "start": "00:08:12", "text": "prisoners of war. So, we'll see how"}, {"end": "00:08:18", "start": "00:08:13", "text": "things all kind of play out, you know."}, {"end": "00:08:19", "start": "00:08:15", "text": "Um, the other thing that you will lose."}, {"end": "00:08:21", "start": "00:08:18", "text": "Um, so if I had any resources here,"}, {"end": "00:08:24", "start": "00:08:19", "text": "which I think I did, believe it or not,"}, {"end": "00:08:26", "start": "00:08:21", "text": "um, I think I had a whole bunch of uh"}, {"end": "00:08:28", "start": "00:08:24", "text": "possibly SDUs and I think I had because"}, {"end": "00:08:31", "start": "00:08:26", "text": "my my fleets were scanning for SDUs"}, {"end": "00:08:34", "start": "00:08:28", "text": "right here. I had um a bunch of uh uh"}, {"end": "00:08:36", "start": "00:08:31", "text": "food and fuel so I could like uh you"}, {"end": "00:08:39", "start": "00:08:34", "text": "know refuel up my scanning fleets. Well,"}, {"end": "00:08:40", "start": "00:08:36", "text": "all that is basically uh now either I"}, {"end": "00:08:42", "start": "00:08:39", "text": "can't remember if it's either held"}, {"end": "00:08:43", "start": "00:08:40", "text": "hostage until we get it back and or they"}, {"end": "00:08:45", "start": "00:08:42", "text": "actually gain all that those uh"}, {"end": "00:08:47", "start": "00:08:43", "text": "resources or if they're just burnt. I'm"}, {"end": "00:08:50", "start": "00:08:45", "text": "not too sure um how that all works just"}, {"end": "00:08:51", "start": "00:08:47", "text": "yet. But regardless, I cannot utilize"}, {"end": "00:08:54", "start": "00:08:50", "text": "any of those resources anymore. They're"}, {"end": "00:08:56", "start": "00:08:51", "text": "all trapped there in Free Harbor. So,"}, {"end": "00:08:58", "start": "00:08:54", "text": "that is one major change. And uh when I"}, {"end": "00:09:01", "start": "00:08:56", "text": "zoom out on this map, I can't really"}, {"end": "00:09:03", "start": "00:08:58", "text": "remember if Lumbik was right here u"}, {"end": "00:09:05", "start": "00:09:01", "text": "MRZ27. Is that or is that onie? Was this"}, {"end": "00:09:06", "start": "00:09:03", "text": "one taken over also? Uh, let me know in"}, {"end": "00:09:08", "start": "00:09:05", "text": "the comments below. I can't remember"}, {"end": "00:09:10", "start": "00:09:06", "text": "which one that which faction that one"}, {"end": "00:09:12", "start": "00:09:08", "text": "belonged to. Um, if it was on, I never"}, {"end": "00:09:14", "start": "00:09:10", "text": "flew out to it. And if it is part of the"}, {"end": "00:09:17", "start": "00:09:12", "text": "ster, I can't I don't really ever I"}, {"end": "00:09:18", "start": "00:09:14", "text": "never really utilized MRZ27. I"}, {"end": "00:09:21", "start": "00:09:17", "text": "definitely uh sat at some of these other"}, {"end": "00:09:23", "start": "00:09:18", "text": "ones quite a bit. MRZ28 is definitely"}, {"end": "00:09:25", "start": "00:09:21", "text": "like my baby and MRZ 21 I use all the"}, {"end": "00:09:26", "start": "00:09:23", "text": "time in uh when I'm playing Starbase."}, {"end": "00:09:28", "start": "00:09:25", "text": "Um, so yeah, I'm questionable about"}, {"end": "00:09:30", "start": "00:09:26", "text": "that. Actually, let's look right now."}, {"end": "00:09:32", "start": "00:09:28", "text": "Screw it. Let's go look. Oh, here we go."}, {"end": "00:09:33", "start": "00:09:30", "text": "So MRZ27. This is Starbase. So, this"}, {"end": "00:09:35", "start": "00:09:32", "text": "isn't hollow, but you can see it's the"}, {"end": "00:09:37", "start": "00:09:33", "text": "same map. Um, it doesn't have all the"}, {"end": "00:09:38", "start": "00:09:35", "text": "names of the um different star bases on"}, {"end": "00:09:41", "start": "00:09:37", "text": "this one. It's just numbered. Um, but we"}, {"end": "00:09:42", "start": "00:09:38", "text": "can see MRZ 27, which is Lach is"}, {"end": "00:09:44", "start": "00:09:41", "text": "actually part of the Easter faction. So,"}, {"end": "00:09:46", "start": "00:09:42", "text": "that one wasn't taken over. But, you can"}, {"end": "00:09:48", "start": "00:09:44", "text": "see like how similar the maps are when"}, {"end": "00:09:50", "start": "00:09:46", "text": "we go from one to the next. And the"}, {"end": "00:09:52", "start": "00:09:48", "text": "whole reason um for that is that this"}, {"end": "00:09:54", "start": "00:09:50", "text": "was originally designed as an onboarding"}, {"end": "00:09:57", "start": "00:09:52", "text": "agent to get people to start playing"}, {"end": "00:09:59", "start": "00:09:54", "text": "Hollow Sim to then bring them into"}, {"end": "00:10:02", "start": "00:09:57", "text": "playing um playing Starbase, the actual"}, {"end": "00:10:04", "start": "00:09:59", "text": "real game for Sage Starbase. real game"}, {"end": "00:10:05", "start": "00:10:02", "text": "for um Star Atlas. Um this is the one"}, {"end": "00:10:06", "start": "00:10:04", "text": "where you actually have to purchase"}, {"end": "00:10:07", "start": "00:10:05", "text": "assets, you have to purchase crew"}, {"end": "00:10:09", "start": "00:10:06", "text": "members, everything like that to play"}, {"end": "00:10:10", "start": "00:10:07", "text": "this game, whereas Hollow Sim is"}, {"end": "00:10:12", "start": "00:10:09", "text": "completely free to play. You just kind"}, {"end": "00:10:14", "start": "00:10:10", "text": "of jump in and start playing and have a"}, {"end": "00:10:16", "start": "00:10:12", "text": "good time. Um but um we'll go into it."}, {"end": "00:10:18", "start": "00:10:14", "text": "The team has decided that this is has"}, {"end": "00:10:20", "start": "00:10:16", "text": "been such a popular game that they're"}, {"end": "00:10:21", "start": "00:10:18", "text": "going to then um monetize this game so"}, {"end": "00:10:22", "start": "00:10:20", "text": "you can buy a battle pass for that."}, {"end": "00:10:26", "start": "00:10:21", "text": "We'll talk about that in just a second."}, {"end": "00:10:28", "start": "00:10:22", "text": "Um, so anyway, the other change that we"}, {"end": "00:10:29", "start": "00:10:26", "text": "have, the other big huge um change that"}, {"end": "00:10:33", "start": "00:10:28", "text": "we have going forward for chapter 1,"}, {"end": "00:10:34", "start": "00:10:29", "text": "season 1 is um a game mechanic where um"}, {"end": "00:10:37", "start": "00:10:33", "text": "if you had a whole entire supply chain"}, {"end": "00:10:38", "start": "00:10:34", "text": "of a whole bunch of um uh different"}, {"end": "00:10:41", "start": "00:10:37", "text": "cargo ships that were going back and"}, {"end": "00:10:43", "start": "00:10:38", "text": "forth to a certain area and they get"}, {"end": "00:10:45", "start": "00:10:41", "text": "destroyed in combat or something happens"}, {"end": "00:10:47", "start": "00:10:43", "text": "that they get destructed and sent back"}, {"end": "00:10:50", "start": "00:10:45", "text": "and you have a huge waiting game at your"}, {"end": "00:10:51", "start": "00:10:47", "text": "CSS. um they made a new change um that"}, {"end": "00:10:53", "start": "00:10:50", "text": "will help. But I think it'll just help"}, {"end": "00:10:55", "start": "00:10:51", "text": "all in general. Not only just um you"}, {"end": "00:10:57", "start": "00:10:53", "text": "know for losing ships, but just to make"}, {"end": "00:10:58", "start": "00:10:55", "text": "cargo shipments um so much better. And I"}, {"end": "00:11:01", "start": "00:10:57", "text": "hope they actually keep this change"}, {"end": "00:11:03", "start": "00:10:58", "text": "going forward um when we get C4, the new"}, {"end": "00:11:05", "start": "00:11:01", "text": "version of Sage Starbased coming out in"}, {"end": "00:11:06", "start": "00:11:03", "text": "the future. I know if you're new to Star"}, {"end": "00:11:07", "start": "00:11:05", "text": "Star Atlas, there's a lot of names here."}, {"end": "00:11:10", "start": "00:11:06", "text": "You just have to concentrate on Hollowos"}, {"end": "00:11:12", "start": "00:11:07", "text": "for this video. Um what we can do right"}, {"end": "00:11:14", "start": "00:11:10", "text": "here is um I'm going to have to remove"}, {"end": "00:11:16", "start": "00:11:12", "text": "my head in order for you guys to see"}, {"end": "00:11:18", "start": "00:11:14", "text": "this. Hey guys, man. I'm just going to"}, {"end": "00:11:19", "start": "00:11:16", "text": "pause the video just for one sec. If you"}, {"end": "00:11:21", "start": "00:11:18", "text": "are not subscribed, man, please do me a"}, {"end": "00:11:23", "start": "00:11:19", "text": "favor, man. Subscribe and hit that like"}, {"end": "00:11:24", "start": "00:11:21", "text": "button. It only takes you like 1 second."}, {"end": "00:11:25", "start": "00:11:23", "text": "And don't forget, we're going to be"}, {"end": "00:11:26", "start": "00:11:24", "text": "talking about all these cool rewards"}, {"end": "00:11:28", "start": "00:11:25", "text": "that you're going to get for playing"}, {"end": "00:11:29", "start": "00:11:26", "text": "Hollow Sim and this cool partnership"}, {"end": "00:11:30", "start": "00:11:28", "text": "that you're seeing right here on the"}, {"end": "00:11:32", "start": "00:11:29", "text": "screen in just a few minutes. Hang tight"}, {"end": "00:11:34", "start": "00:11:30", "text": "for the end of the video. Let's get back"}, {"end": "00:11:36", "start": "00:11:32", "text": "into it. Let's go. All right, there we"}, {"end": "00:11:38", "start": "00:11:34", "text": "go. All right, so let's just say we have"}, {"end": "00:11:40", "start": "00:11:36", "text": "a mining fleet and we're going to say um"}, {"end": "00:11:42", "start": "00:11:38", "text": "that they're mining here at Quebec,"}, {"end": "00:11:43", "start": "00:11:40", "text": "right? Um if we go to details, we can"}, {"end": "00:11:45", "start": "00:11:42", "text": "see our fleet would either be mining"}, {"end": "00:11:46", "start": "00:11:43", "text": "silica or luminite. Let's just say"}, {"end": "00:11:48", "start": "00:11:45", "text": "luminite. They're mining luminite right"}, {"end": "00:11:50", "start": "00:11:46", "text": "here at KMC at the MRZ29. And the"}, {"end": "00:11:52", "start": "00:11:48", "text": "fleet's just constantly stationary"}, {"end": "00:11:53", "start": "00:11:50", "text": "there. What they do is they mine. When"}, {"end": "00:11:55", "start": "00:11:52", "text": "they're done mining, the fleet um goes"}, {"end": "00:11:56", "start": "00:11:53", "text": "out and they dump everything into the"}, {"end": "00:11:58", "start": "00:11:55", "text": "in, you know, into the starbase"}, {"end": "00:12:00", "start": "00:11:56", "text": "inventory and you end up getting a whole"}, {"end": "00:12:03", "start": "00:11:58", "text": "bunch of luminite and it's all piling up"}, {"end": "00:12:06", "start": "00:12:00", "text": "here um you know at that star base."}, {"end": "00:12:08", "start": "00:12:03", "text": "Meanwhile, they need ammunition and food"}, {"end": "00:12:09", "start": "00:12:06", "text": "and fuel to keep on mining. Correct. So"}, {"end": "00:12:11", "start": "00:12:08", "text": "those are going to be constantly"}, {"end": "00:12:13", "start": "00:12:09", "text": "depleted while Illuminite's piling up."}, {"end": "00:12:15", "start": "00:12:11", "text": "So, what you do is the new um thing that"}, {"end": "00:12:17", "start": "00:12:13", "text": "they have for season 1 chapter 1 is"}, {"end": "00:12:19", "start": "00:12:15", "text": "let's use Charlie Brown as an example."}, {"end": "00:12:22", "start": "00:12:17", "text": "Um we'll go to my Charlie Brown fleet"}, {"end": "00:12:24", "start": "00:12:19", "text": "here and we're going to um enable the"}, {"end": "00:12:26", "start": "00:12:22", "text": "route and we're under transport right"}, {"end": "00:12:27", "start": "00:12:24", "text": "here. So, we can fill all this out. We"}, {"end": "00:12:30", "start": "00:12:26", "text": "didn't have all these cool details that"}, {"end": "00:12:31", "start": "00:12:27", "text": "we can fill out before. So, um it's a"}, {"end": "00:12:34", "start": "00:12:30", "text": "transport fleet and what we're going to"}, {"end": "00:12:36", "start": "00:12:31", "text": "do is where is it going to be um where's"}, {"end": "00:12:38", "start": "00:12:34", "text": "its main source? Well, most people use"}, {"end": "00:12:41", "start": "00:12:36", "text": "the oni CSS, but um if you have"}, {"end": "00:12:42", "start": "00:12:38", "text": "different um uh supply chains, you might"}, {"end": "00:12:44", "start": "00:12:41", "text": "want it to go to a different place. Like"}, {"end": "00:12:45", "start": "00:12:42", "text": "maybe you have a whole bunch of crafters"}, {"end": "00:12:47", "start": "00:12:44", "text": "that are crafting something over here at"}, {"end": "00:12:48", "start": "00:12:45", "text": "the perpetual belt. So, you might want"}, {"end": "00:12:52", "start": "00:12:47", "text": "to type that in here. But we're going to"}, {"end": "00:12:53", "start": "00:12:48", "text": "use the CSS, which is Nuno for um this"}, {"end": "00:12:56", "start": "00:12:52", "text": "example. So, we're just going to program"}, {"end": "00:12:58", "start": "00:12:53", "text": "that in there. Um now, the uh mining"}, {"end": "00:12:59", "start": "00:12:56", "text": "location, where are they mining? Well,"}, {"end": "00:13:02", "start": "00:12:58", "text": "we just said in KC. So, we're going to"}, {"end": "00:13:04", "start": "00:12:59", "text": "hit that right here. Um so, my mining"}, {"end": "00:13:04", "start": "00:13:02", "text": "fleets are piling up that luminite"}, {"end": "00:13:07", "start": "00:13:04", "text": "there. We're going to have to get that"}, {"end": "00:13:10", "start": "00:13:04", "text": "luminite out. Now, we can keep this auto"}, {"end": "00:13:12", "start": "00:13:07", "text": "resupply food, fuel, ammo, and tool kits"}, {"end": "00:13:13", "start": "00:13:10", "text": "clicked on all the time. And I guess"}, {"end": "00:13:16", "start": "00:13:12", "text": "that it uses like an internal"}, {"end": "00:13:18", "start": "00:13:13", "text": "intelligence programmed into the game"}, {"end": "00:13:21", "start": "00:13:16", "text": "that if I want to constantly top off and"}, {"end": "00:13:22", "start": "00:13:18", "text": "have 100,000, let's say, you can choose"}, {"end": "00:13:26", "start": "00:13:21", "text": "whatever number you want, but I'm going"}, {"end": "00:13:28", "start": "00:13:22", "text": "to say 100,000 of each one of these in"}, {"end": "00:13:30", "start": "00:13:26", "text": "there at all times. Oops, that's a"}, {"end": "00:13:32", "start": "00:13:28", "text": "million. 100,000. That my transport"}, {"end": "00:13:34", "start": "00:13:30", "text": "fleet will be intelligent enough to know"}, {"end": "00:13:37", "start": "00:13:32", "text": "how much to grab. So, if it's say 20,000"}, {"end": "00:13:39", "start": "00:13:34", "text": "is depleted of fuel and 10 of food and"}, {"end": "00:13:41", "start": "00:13:37", "text": "ammo, well, my transport ship will"}, {"end": "00:13:43", "start": "00:13:39", "text": "constantly be grabbing just enough the"}, {"end": "00:13:45", "start": "00:13:41", "text": "20,000 10 and 10 to keep that topped off"}, {"end": "00:13:46", "start": "00:13:43", "text": "at 100,000 at all times. And maybe I"}, {"end": "00:13:47", "start": "00:13:45", "text": "want a little, you know, some tool kits"}, {"end": "00:13:49", "start": "00:13:46", "text": "just for the heck of it there at all"}, {"end": "00:13:51", "start": "00:13:47", "text": "times. Um, in case I get in combat, I"}, {"end": "00:13:52", "start": "00:13:49", "text": "could always like, you know, heal up my"}, {"end": "00:13:54", "start": "00:13:51", "text": "ships and go to KC. So, we'll put a"}, {"end": "00:13:56", "start": "00:13:52", "text": "little, you know, some tool kits there"}, {"end": "00:13:59", "start": "00:13:54", "text": "at all times, too, right? Um, then auto"}, {"end": "00:14:01", "start": "00:13:56", "text": "backhall mind resources. So, what the"}, {"end": "00:14:03", "start": "00:13:59", "text": "ship the the game is intelligent enough"}, {"end": "00:14:06", "start": "00:14:01", "text": "to know that we're mining um luminite"}, {"end": "00:14:07", "start": "00:14:03", "text": "here at this one site. So, the the"}, {"end": "00:14:09", "start": "00:14:06", "text": "transport fleet, Charlie Brown's fleet,"}, {"end": "00:14:11", "start": "00:14:07", "text": "will grab all the luminite it can fit in"}, {"end": "00:14:13", "start": "00:14:09", "text": "its cargo hold and bring it back to Nuno"}, {"end": "00:14:14", "start": "00:14:11", "text": "and it'll store it right there where my"}, {"end": "00:14:16", "start": "00:14:13", "text": "crafters then can craft it into"}, {"end": "00:14:18", "start": "00:14:14", "text": "something else, which is pretty cool."}, {"end": "00:14:21", "start": "00:14:16", "text": "Now, you can turn that off if you want."}, {"end": "00:14:24", "start": "00:14:18", "text": "And if you turn that off, um you can"}, {"end": "00:14:26", "start": "00:14:21", "text": "actually um customize what you want to"}, {"end": "00:14:28", "start": "00:14:24", "text": "bring back. Like, uh for instance, I"}, {"end": "00:14:29", "start": "00:14:26", "text": "can't remember. I think maybe maybe"}, {"end": "00:14:31", "start": "00:14:28", "text": "power sources use luminite, but we'll"}, {"end": "00:14:32", "start": "00:14:29", "text": "use that example. Say you have some"}, {"end": "00:14:33", "start": "00:14:31", "text": "crafters that are taking that luminite"}, {"end": "00:14:35", "start": "00:14:32", "text": "and you're crafting them into power"}, {"end": "00:14:38", "start": "00:14:33", "text": "sources. So, you can have your ship then"}, {"end": "00:14:39", "start": "00:14:35", "text": "um grab power sources and then any extra"}, {"end": "00:14:43", "start": "00:14:38", "text": "luminite, you know, like let's just say"}, {"end": "00:14:44", "start": "00:14:39", "text": "it has a whole bunch of uh uh there we"}, {"end": "00:14:46", "start": "00:14:43", "text": "go, a bunch of luminite left over right"}, {"end": "00:14:48", "start": "00:14:44", "text": "there. And then maybe you have some uh"}, {"end": "00:14:51", "start": "00:14:46", "text": "guys that are scanning for some uh SDUs,"}, {"end": "00:14:53", "start": "00:14:48", "text": "right? So, uh SDUs too. So, you know,"}, {"end": "00:14:54", "start": "00:14:51", "text": "you can program like all sorts of like"}, {"end": "00:14:56", "start": "00:14:53", "text": "up to four items right here. for what"}, {"end": "00:14:58", "start": "00:14:54", "text": "you want your cargo ship to like go back"}, {"end": "00:15:00", "start": "00:14:56", "text": "and forth. Uh so I think that's man I"}, {"end": "00:15:02", "start": "00:14:58", "text": "think that's killer. Absolutely killer."}, {"end": "00:15:04", "start": "00:15:00", "text": "Now the other two notable things that at"}, {"end": "00:15:07", "start": "00:15:02", "text": "least I can remember um them saying is"}, {"end": "00:15:09", "start": "00:15:04", "text": "that um crew is not going to be just you"}, {"end": "00:15:10", "start": "00:15:07", "text": "know logging in and getting crew. It's"}, {"end": "00:15:12", "start": "00:15:09", "text": "going to be more favored to the people"}, {"end": "00:15:13", "start": "00:15:10", "text": "that play the game every single day. And"}, {"end": "00:15:15", "start": "00:15:12", "text": "I think that there's going to be they"}, {"end": "00:15:17", "start": "00:15:13", "text": "said a reward boost that if you log in"}, {"end": "00:15:19", "start": "00:15:15", "text": "five times in a row like five different"}, {"end": "00:15:21", "start": "00:15:17", "text": "consecutive days in a row that you will"}, {"end": "00:15:23", "start": "00:15:19", "text": "get a boo some type of uh boost whether"}, {"end": "00:15:24", "start": "00:15:21", "text": "it's crew or zlas that you play the game"}, {"end": "00:15:26", "start": "00:15:23", "text": "with. um one of the two you're going to"}, {"end": "00:15:28", "start": "00:15:24", "text": "get like a little uh boost for that. And"}, {"end": "00:15:30", "start": "00:15:26", "text": "what did I take some notes on? Uh oh, um"}, {"end": "00:15:32", "start": "00:15:28", "text": "some new ships should be added to the"}, {"end": "00:15:33", "start": "00:15:30", "text": "game, you know, fingers crossed cuz it's"}, {"end": "00:15:35", "start": "00:15:32", "text": "uh you know, it's it's fun playing with"}, {"end": "00:15:37", "start": "00:15:33", "text": "what we already played in the beta um"}, {"end": "00:15:38", "start": "00:15:35", "text": "season zero, but it'll be fun to"}, {"end": "00:15:40", "start": "00:15:37", "text": "actually see a couple more different"}, {"end": "00:15:42", "start": "00:15:38", "text": "ships from Star Atlas added to the game"}, {"end": "00:15:45", "start": "00:15:40", "text": "for sure that we can craft. So, I have"}, {"end": "00:15:47", "start": "00:15:42", "text": "some notes on um what I took for um how"}, {"end": "00:15:48", "start": "00:15:45", "text": "they're going to monetize the game,"}, {"end": "00:15:51", "start": "00:15:47", "text": "which is pretty cool because um any way"}, {"end": "00:15:52", "start": "00:15:48", "text": "that um we can keep funding um Automata,"}, {"end": "00:15:54", "start": "00:15:51", "text": "the people creating these games. This is"}, {"end": "00:15:55", "start": "00:15:52", "text": "awesome. And also um since it's free to"}, {"end": "00:15:57", "start": "00:15:54", "text": "play, you know, they're keeping this"}, {"end": "00:15:59", "start": "00:15:55", "text": "blockchain going cuz this is all"}, {"end": "00:16:01", "start": "00:15:57", "text": "actually on the blockchain, everything"}, {"end": "00:16:03", "start": "00:15:59", "text": "that we're playing. And I believe this"}, {"end": "00:16:06", "start": "00:16:01", "text": "is running on the cloned version of"}, {"end": "00:16:08", "start": "00:16:03", "text": "Salana that we shall be getting um in"}, {"end": "00:16:11", "start": "00:16:06", "text": "December. So, I think as far as I know,"}, {"end": "00:16:13", "start": "00:16:08", "text": "what we're playing um Hollow Sim on is"}, {"end": "00:16:14", "start": "00:16:11", "text": "the new blockchain that is called Zinc."}, {"end": "00:16:16", "start": "00:16:13", "text": "And I already did a video. My last video"}, {"end": "00:16:18", "start": "00:16:14", "text": "was talking all about that. Um so, here"}, {"end": "00:16:20", "start": "00:16:16", "text": "we go. So, it says um there's going to"}, {"end": "00:16:23", "start": "00:16:18", "text": "be a battle pass and there's no crypto"}, {"end": "00:16:24", "start": "00:16:20", "text": "needed in order to buy the battle pass."}, {"end": "00:16:25", "start": "00:16:23", "text": "Although, there could be an option that"}, {"end": "00:16:27", "start": "00:16:24", "text": "we could buy it through crypto if we"}, {"end": "00:16:29", "start": "00:16:25", "text": "want to. But, as of now, you will be"}, {"end": "00:16:30", "start": "00:16:27", "text": "purchasing this through a credit card"}, {"end": "00:16:32", "start": "00:16:29", "text": "through Stripe, through the payment um"}, {"end": "00:16:35", "start": "00:16:30", "text": "system called Stripe. Um and the battle"}, {"end": "00:16:38", "start": "00:16:32", "text": "pass gives you cosmetic rewards. It"}, {"end": "00:16:39", "start": "00:16:35", "text": "gives you a bonus to the daily rewards."}, {"end": "00:16:41", "start": "00:16:38", "text": "Um, you won't have to play all the"}, {"end": "00:16:42", "start": "00:16:39", "text": "gaming loops. You can actually decide"}, {"end": "00:16:44", "start": "00:16:41", "text": "which gaming loop you want to play at"}, {"end": "00:16:46", "start": "00:16:42", "text": "which um certain point. Um, which is"}, {"end": "00:16:47", "start": "00:16:44", "text": "kind of cool. Um, so if you don't have"}, {"end": "00:16:48", "start": "00:16:46", "text": "enough time to play the game, you just"}, {"end": "00:16:50", "start": "00:16:47", "text": "kind of you want to play the game, but"}, {"end": "00:16:51", "start": "00:16:48", "text": "you want to play it in your own way and"}, {"end": "00:16:53", "start": "00:16:50", "text": "uh just kind of, you know, enjoy all the"}, {"end": "00:16:54", "start": "00:16:51", "text": "aspects of the game without having to"}, {"end": "00:16:56", "start": "00:16:53", "text": "grind, you know, this this battle pass"}, {"end": "00:16:58", "start": "00:16:54", "text": "is definitely for you. Um, and it also"}, {"end": "00:17:00", "start": "00:16:56", "text": "lets you skip, I believe, the daily 5day"}, {"end": "00:17:02", "start": "00:16:58", "text": "login to get those special rewards."}, {"end": "00:17:04", "start": "00:17:00", "text": "You'll automatically get them without"}, {"end": "00:17:05", "start": "00:17:02", "text": "having to log in every 5 days. Um, now"}, {"end": "00:17:07", "start": "00:17:04", "text": "they said that if you plan on grinding,"}, {"end": "00:17:09", "start": "00:17:05", "text": "you you don't necessarily need the"}, {"end": "00:17:10", "start": "00:17:07", "text": "battle pass. You should be able to get"}, {"end": "00:17:12", "start": "00:17:09", "text": "everything that you need just by like"}, {"end": "00:17:13", "start": "00:17:10", "text": "every day grinding, you know, spending,"}, {"end": "00:17:14", "start": "00:17:12", "text": "you know, making sure that all your"}, {"end": "00:17:16", "start": "00:17:13", "text": "fleets are running at all all times and"}, {"end": "00:17:18", "start": "00:17:14", "text": "they're running at their absolute most"}, {"end": "00:17:19", "start": "00:17:16", "text": "efficient way possible. Um, you're"}, {"end": "00:17:21", "start": "00:17:18", "text": "taking place in all, you know, all the"}, {"end": "00:17:22", "start": "00:17:19", "text": "different quests and, you know, battling"}, {"end": "00:17:24", "start": "00:17:21", "text": "for your faction to keep all the star"}, {"end": "00:17:26", "start": "00:17:22", "text": "bases alive. You should be all set"}, {"end": "00:17:28", "start": "00:17:24", "text": "without the battle pass, I believe. Um,"}, {"end": "00:17:31", "start": "00:17:26", "text": "now we talked about rewards. Um,"}, {"end": "00:17:33", "start": "00:17:28", "text": "archetype right here. Um, he is one of"}, {"end": "00:17:35", "start": "00:17:31", "text": "the devs. He's one of the the big"}, {"end": "00:17:37", "start": "00:17:33", "text": "artists um for at least for marketing"}, {"end": "00:17:39", "start": "00:17:35", "text": "for Star Atlas. Um he you know posted"}, {"end": "00:17:41", "start": "00:17:37", "text": "right here need and I totally agree. Um"}, {"end": "00:17:43", "start": "00:17:39", "text": "there is a huge partnership with"}, {"end": "00:17:46", "start": "00:17:41", "text": "Soulflare um where Soulflare is going to"}, {"end": "00:17:50", "start": "00:17:43", "text": "be giving out a ton of rewards for us um"}, {"end": "00:17:51", "start": "00:17:46", "text": "who play hollow sim which is killer. So"}, {"end": "00:17:53", "start": "00:17:50", "text": "I think that this partnership is"}, {"end": "00:17:54", "start": "00:17:51", "text": "absolutely huge. Um so what Soulflare is"}, {"end": "00:17:56", "start": "00:17:53", "text": "going to go I have the Soulflare wallet"}, {"end": "00:17:58", "start": "00:17:54", "text": "right here. Let me see. I have to log"}, {"end": "00:18:01", "start": "00:17:56", "text": "in. Hold on. I use the Soulflare wallet"}, {"end": "00:18:03", "start": "00:17:58", "text": "non-stop because I'm actually running um"}, {"end": "00:18:05", "start": "00:18:01", "text": "my slide tool to run Starbased um the"}, {"end": "00:18:06", "start": "00:18:03", "text": "Starbase game through the Soulflare"}, {"end": "00:18:08", "start": "00:18:05", "text": "wallet. Um so it's constantly being"}, {"end": "00:18:10", "start": "00:18:06", "text": "used. Um but you can see that they put"}, {"end": "00:18:11", "start": "00:18:08", "text": "banners um on the actual wallet itself."}, {"end": "00:18:12", "start": "00:18:10", "text": "So every time you log into the wallet,"}, {"end": "00:18:13", "start": "00:18:11", "text": "you're going to see this banner right"}, {"end": "00:18:16", "start": "00:18:12", "text": "here. Well, you're going to actually see"}, {"end": "00:18:18", "start": "00:18:13", "text": "one for Star Atlas. It's going to be"}, {"end": "00:18:21", "start": "00:18:16", "text": "basically like play uh play Hollow Sim"}, {"end": "00:18:23", "start": "00:18:18", "text": "um through Star Atlas and get rewards"}, {"end": "00:18:24", "start": "00:18:21", "text": "sponsored by Soulflare. I'm guessing"}, {"end": "00:18:26", "start": "00:18:23", "text": "it'll say something like that, you know,"}, {"end": "00:18:27", "start": "00:18:24", "text": "which is pretty cool. So there's uh you"}, {"end": "00:18:28", "start": "00:18:26", "text": "know they have a couple different"}, {"end": "00:18:29", "start": "00:18:27", "text": "rewards and they this credit card"}, {"end": "00:18:31", "start": "00:18:28", "text": "actually looks pretty juicy. I actually"}, {"end": "00:18:32", "start": "00:18:29", "text": "signed up for this credit card also. Um"}, {"end": "00:18:34", "start": "00:18:31", "text": "so way to go Soulflare with all the"}, {"end": "00:18:35", "start": "00:18:32", "text": "stuff that you are putting out and I'm"}, {"end": "00:18:37", "start": "00:18:34", "text": "super happy to have you guys as a"}, {"end": "00:18:39", "start": "00:18:35", "text": "partner with Star Atlas. It's awesome."}, {"end": "00:18:40", "start": "00:18:37", "text": "Um but let's let's just kind of read"}, {"end": "00:18:42", "start": "00:18:39", "text": "through this right here. It says,"}, {"end": "00:18:43", "start": "00:18:40", "text": "\"Explore Star Atlas in style and get"}, {"end": "00:18:46", "start": "00:18:42", "text": "rewarded for it. Holim season 1 chapter"}, {"end": "00:18:48", "start": "00:18:43", "text": "1 launches August 20th.\" Um and then it"}, {"end": "00:18:49", "start": "00:18:46", "text": "is linked to the Star Atlas link and it"}, {"end": "00:18:51", "start": "00:18:48", "text": "says, \"Introducing Holim, the"}, {"end": "00:18:54", "start": "00:18:49", "text": "free-to-play browser space strategy game"}, {"end": "00:18:56", "start": "00:18:51", "text": "from Star Atlas. No wallet needed unless"}, {"end": "00:18:58", "start": "00:18:54", "text": "you win rewards. Chapter one, uh, season"}, {"end": "00:18:59", "start": "00:18:56", "text": "1 chapter 1 launches August 20th in"}, {"end": "00:19:00", "start": "00:18:58", "text": "partnership with Soulflare. And let's"}, {"end": "00:19:02", "start": "00:18:59", "text": "like blow up this graphic right here cuz"}, {"end": "00:19:04", "start": "00:19:00", "text": "this is crazy. The rewards. Um, so"}, {"end": "00:19:06", "start": "00:19:02", "text": "there's going to be leaderboard rewards."}, {"end": "00:19:09", "start": "00:19:04", "text": "The top 1,500 players in Holos Sim"}, {"end": "00:19:12", "start": "00:19:06", "text": "leaderboard gets USDC. You get cash for"}, {"end": "00:19:13", "start": "00:19:09", "text": "just for playing Holosim. What? And uh,"}, {"end": "00:19:16", "start": "00:19:12", "text": "yeah, if we look over here, Hollowos,"}, {"end": "00:19:19", "start": "00:19:13", "text": "let's just jump back. Um, I was number"}, {"end": "00:19:20", "start": "00:19:16", "text": "91 on the global rank, which like I came"}, {"end": "00:19:22", "start": "00:19:19", "text": "in pretty late and I was able to get to"}, {"end": "00:19:24", "start": "00:19:20", "text": "91. So, don't think that you can't get"}, {"end": "00:19:26", "start": "00:19:22", "text": "1,500, you know, like you should be able"}, {"end": "00:19:30", "start": "00:19:24", "text": "to do that, right? So, let's jump back"}, {"end": "00:19:33", "start": "00:19:26", "text": "in. So, first gets 300 USDC plus an"}, {"end": "00:19:34", "start": "00:19:30", "text": "Armstrong imp tap. Um, I mean, that's"}, {"end": "00:19:36", "start": "00:19:33", "text": "going for um at least I think it's"}, {"end": "00:19:38", "start": "00:19:34", "text": "usually around 300 bucks or so. So, you"}, {"end": "00:19:40", "start": "00:19:36", "text": "like that's $600 in rewards right there."}, {"end": "00:19:42", "start": "00:19:38", "text": "Plus five platinum crew packs. Uh,"}, {"end": "00:19:44", "start": "00:19:40", "text": "platinum crew packs I think are 50 bucks"}, {"end": "00:19:48", "start": "00:19:42", "text": "each. So, there's another 250 bucks."}, {"end": "00:19:51", "start": "00:19:44", "text": "Plus 0.2 Salana and uh what is that?"}, {"end": "00:19:52", "start": "00:19:48", "text": "Let's look. Uh, let's see. So, it's only"}, {"end": "00:19:54", "start": "00:19:51", "text": "$3.73,"}, {"end": "00:19:57", "start": "00:19:52", "text": "but it's still free money, right? Free"}, {"end": "00:19:58", "start": "00:19:54", "text": "money. Um, so let's see. So, then that's"}, {"end": "00:20:01", "start": "00:19:57", "text": "a lot of rewards, by the way. Second"}, {"end": "00:20:02", "start": "00:19:58", "text": "place gets um 200 USDC plus the"}, {"end": "00:20:06", "start": "00:20:01", "text": "Armstrong tip that we just talked about,"}, {"end": "00:20:09", "start": "00:20:02", "text": "plus three $50 Platinum Crew, five five"}, {"end": "00:20:11", "start": "00:20:06", "text": "card crew packs, plus the U 02 Salana."}, {"end": "00:20:13", "start": "00:20:09", "text": "Third place gets 150 USDC, plus this"}, {"end": "00:20:15", "start": "00:20:11", "text": "Calco Scud, which is a pretty expensive"}, {"end": "00:20:18", "start": "00:20:13", "text": "ship cuz it's rare. It's usually over"}, {"end": "00:20:19", "start": "00:20:15", "text": "100 bucks, plus two platinum five crew"}, {"end": "00:20:22", "start": "00:20:18", "text": "packs. That's another 100 bucks right"}, {"end": "00:20:24", "start": "00:20:19", "text": "there. plus the 002 Salana. Um 4th"}, {"end": "00:20:27", "start": "00:20:22", "text": "through 10th gets 100 USDC plus a calico"}, {"end": "00:20:28", "start": "00:20:24", "text": "maxhog. Usually max hogs are between um"}, {"end": "00:20:31", "start": "00:20:27", "text": "they usually a lot of times they run"}, {"end": "00:20:33", "start": "00:20:28", "text": "between 25 and 30 bucks. Um and two gold"}, {"end": "00:20:35", "start": "00:20:31", "text": "five crew packs. Those I think are for"}, {"end": "00:20:38", "start": "00:20:33", "text": "sale for like 37 bucks or something like"}, {"end": "00:20:42", "start": "00:20:35", "text": "that on the Starless marketplace and 002"}, {"end": "00:20:46", "start": "00:20:38", "text": "Salana 11th through 50 50th place gets"}, {"end": "00:20:48", "start": "00:20:42", "text": "5050 USDC uh Visa Solos which is the"}, {"end": "00:20:50", "start": "00:20:46", "text": "ship that you're seeing right here and a"}, {"end": "00:20:53", "start": "00:20:48", "text": "silver five crew card pack. Those are"}, {"end": "00:20:56", "start": "00:20:50", "text": "$25 I believe on the on the marketplace"}, {"end": "00:21:00", "start": "00:20:53", "text": "and plus the 02 Salana 51st through uh"}, {"end": "00:21:03", "start": "00:20:56", "text": "500th gets five USDC so you still make"}, {"end": "00:21:05", "start": "00:21:00", "text": "five bucks. You get a silver one card"}, {"end": "00:21:06", "start": "00:21:03", "text": "crew pack. That's a I think a silver is"}, {"end": "00:21:09", "start": "00:21:05", "text": "five bucks also. So you get 10 bucks"}, {"end": "00:21:11", "start": "00:21:06", "text": "right there plus the 02 Salana. So"}, {"end": "00:21:12", "start": "00:21:09", "text": "overall that's like you know I'm sure"}, {"end": "00:21:14", "start": "00:21:11", "text": "Salana will be up by I know Salana will"}, {"end": "00:21:16", "start": "00:21:12", "text": "be up but let's just call it like you'll"}, {"end": "00:21:17", "start": "00:21:14", "text": "get at least 14 bucks just all you have"}, {"end": "00:21:19", "start": "00:21:16", "text": "to do is get into the 500th in the"}, {"end": "00:21:21", "start": "00:21:17", "text": "leaderboard. You're going to get a free"}, {"end": "00:21:24", "start": "00:21:19", "text": "14 bucks worth of stuff. That is I mean"}, {"end": "00:21:26", "start": "00:21:21", "text": "thank you so much you know Soulflare and"}, {"end": "00:21:29", "start": "00:21:24", "text": "uh you know Star Atlas. Uh this is"}, {"end": "00:21:30", "start": "00:21:26", "text": "awesome. I do have to say Star Atlas is"}, {"end": "00:21:33", "start": "00:21:29", "text": "partnered with Soulflare. They're the"}, {"end": "00:21:34", "start": "00:21:30", "text": "ones giving out all the assets. So, I'm"}, {"end": "00:21:36", "start": "00:21:33", "text": "sorry I didn't say that earlier, but all"}, {"end": "00:21:39", "start": "00:21:34", "text": "the assets are from Star Atlas and all"}, {"end": "00:21:41", "start": "00:21:36", "text": "the actual loot is from Soulflare. So,"}, {"end": "00:21:43", "start": "00:21:39", "text": "all the ships, any of the ships in crew"}, {"end": "00:21:46", "start": "00:21:41", "text": "packs are from um Star Atlas. It's"}, {"end": "00:21:49", "start": "00:21:43", "text": "amazing uh amazing stuff right here. And"}, {"end": "00:21:52", "start": "00:21:46", "text": "finally, um 5001st to um the 15th 100th"}, {"end": "00:21:54", "start": "00:21:49", "text": "place, you'll get one buck plus 02"}, {"end": "00:21:56", "start": "00:21:52", "text": "Salana, which is still like probably"}, {"end": "00:21:57", "start": "00:21:54", "text": "close to five bucks just for playing the"}, {"end": "00:21:59", "start": "00:21:56", "text": "game. So pretty much, you know, I"}, {"end": "00:22:00", "start": "00:21:57", "text": "imagine most people if they even just"}, {"end": "00:22:03", "start": "00:21:59", "text": "log in and do a little bit, they're"}, {"end": "00:22:06", "start": "00:22:00", "text": "going to be in 1,500th place unless"}, {"end": "00:22:07", "start": "00:22:03", "text": "Hollow Sim just blows, you know, blows"}, {"end": "00:22:08", "start": "00:22:06", "text": "uh the roof off the place and we get so"}, {"end": "00:22:11", "start": "00:22:07", "text": "many players. So fingers crossed"}, {"end": "00:22:13", "start": "00:22:08", "text": "actually that happens for for for real."}, {"end": "00:22:15", "start": "00:22:11", "text": "Um so hold on. Well, let me look at some"}, {"end": "00:22:17", "start": "00:22:13", "text": "notes real fast. Yep. So here is the"}, {"end": "00:22:19", "start": "00:22:15", "text": "total. So, it's going to be um given"}, {"end": "00:22:23", "start": "00:22:17", "text": "away for this whole entire campaign is"}, {"end": "00:22:27", "start": "00:22:19", "text": "50 Salana 50 Salana tokens. Um 500 or"}, {"end": "00:22:30", "start": "00:22:23", "text": "$5,000 in stable coins and $5,000 in"}, {"end": "00:22:31", "start": "00:22:27", "text": "game assets total. Woo!"}, {"end": "00:22:33", "start": "00:22:30", "text": "Oh my gosh, I almost forgot to talk"}, {"end": "00:22:34", "start": "00:22:31", "text": "about the second way that you can earn."}, {"end": "00:22:37", "start": "00:22:33", "text": "Look at this, man. There's two ways to"}, {"end": "00:22:38", "start": "00:22:34", "text": "earn um the completionist bundle. Um the"}, {"end": "00:22:40", "start": "00:22:37", "text": "first 10,000 people to complete the"}, {"end": "00:22:43", "start": "00:22:38", "text": "quest line will get a welcome bundle."}, {"end": "00:22:44", "start": "00:22:40", "text": "This bundle includes a Visa Solos. This"}, {"end": "00:22:46", "start": "00:22:43", "text": "ship right here that you're seeing right"}, {"end": "00:22:49", "start": "00:22:44", "text": "here, a Soulflare Visa Solo ship skin."}, {"end": "00:22:52", "start": "00:22:46", "text": "So, you get this killer Soulflare skin"}, {"end": "00:22:54", "start": "00:22:49", "text": "plus 0.02 soul each. So, you want to"}, {"end": "00:22:56", "start": "00:22:52", "text": "actually be the f one of the first"}, {"end": "00:22:58", "start": "00:22:54", "text": "10,000 people to get this juicy, juicy"}, {"end": "00:23:01", "start": "00:22:56", "text": "skin right here. Love it. Love it. Love"}, {"end": "00:23:04", "start": "00:22:58", "text": "it. So, guys, man, make sure you, you"}, {"end": "00:23:05", "start": "00:23:01", "text": "know, start playing on August 20th. Uh,"}, {"end": "00:23:06", "start": "00:23:04", "text": "let me know what you guys think about"}, {"end": "00:23:07", "start": "00:23:05", "text": "this whole entire thing. Are you, you"}, {"end": "00:23:09", "start": "00:23:06", "text": "know, psyched? Are you? I'm psyched,"}, {"end": "00:23:10", "start": "00:23:07", "text": "man. I hope you guys are psyched. Uh,"}, {"end": "00:23:13", "start": "00:23:09", "text": "let me know if you've tried Hollowos"}, {"end": "00:23:15", "start": "00:23:10", "text": "before. Um, and you know what? Hit that"}, {"end": "00:23:16", "start": "00:23:13", "text": "like button. Make sure you subscribe."}, {"end": "00:23:18", "start": "00:23:15", "text": "And I'm going to catch you guys in the"}, {"end": "00:23:21", "start": "00:23:16", "text": "next one. Love you all, man. Catch you"}, {"end": "00:23:21", "start": "00:23:18", "text": "later."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up captains and cadetses?"}, {"end": "00:00:06", "start": "00:00:02", "text": "Star Atlas just told us that they are"}, {"end": "00:00:08", "start": "00:00:04", "text": "about to launch their own blockchain and"}, {"end": "00:00:13", "start": "00:00:06", "text": "this website that goes along with it,"}, {"end": "00:00:15", "start": "00:00:08", "text": "Z.inc. It is an identitydriven SVML1."}, {"end": "00:00:17", "start": "00:00:13", "text": "We are going to break that all down and"}, {"end": "00:00:19", "start": "00:00:15", "text": "figure out what that all means. Um, if"}, {"end": "00:00:20", "start": "00:00:17", "text": "you watch the town hall that was this"}, {"end": "00:00:22", "start": "00:00:19", "text": "afternoon, maybe this video might help"}, {"end": "00:00:25", "start": "00:00:20", "text": "clarify a few things if you're not too"}, {"end": "00:00:29", "start": "00:00:22", "text": "cryptosavvy. So, boy, without further"}, {"end": "00:00:29", "start": "00:00:25", "text": "ado, let's get into it. Let's go."}, {"end": "00:00:44", "start": "00:00:41", "text": "Yo guys, I have to apologize before this"}, {"end": "00:00:46", "start": "00:00:43", "text": "video begins. I got myself a brand new"}, {"end": "00:00:48", "start": "00:00:44", "text": "camera. I didn't realize it, but the"}, {"end": "00:00:49", "start": "00:00:46", "text": "color was doing some kind of funky crazy"}, {"end": "00:00:51", "start": "00:00:48", "text": "things and it was a little shaky. I have"}, {"end": "00:00:53", "start": "00:00:49", "text": "that all ironed out, I hope, for my next"}, {"end": "00:00:54", "start": "00:00:51", "text": "video, but you're just going to have to"}, {"end": "00:00:55", "start": "00:00:53", "text": "bear with me for this one because I"}, {"end": "00:00:57", "start": "00:00:54", "text": "already recorded it before I realized"}, {"end": "00:00:58", "start": "00:00:55", "text": "that this was going on. So, uh, maybe"}, {"end": "00:01:02", "start": "00:00:57", "text": "just listen to this one instead of watch"}, {"end": "00:01:04", "start": "00:00:58", "text": "it, but let's go."}, {"end": "00:01:06", "start": "00:01:02", "text": "Yo, what's up, muds, onies, oosters, and"}, {"end": "00:01:08", "start": "00:01:04", "text": "anyone that is new to Star Atlas, man,"}, {"end": "00:01:10", "start": "00:01:06", "text": "welcome. Uh, today we're going to break"}, {"end": "00:01:14", "start": "00:01:08", "text": "down Star Atlas's new blockchain. It's"}, {"end": "00:01:18", "start": "00:01:10", "text": "going to be Zinc Explained or Z.inc"}, {"end": "00:01:21", "start": "00:01:14", "text": "Explained. Ah, man. So, Automata, the"}, {"end": "00:01:24", "start": "00:01:18", "text": "creators of Star Atlas, is taking this"}, {"end": "00:01:26", "start": "00:01:21", "text": "bold new step into um blockchain"}, {"end": "00:01:29", "start": "00:01:24", "text": "infrastructure. Um, and they're doing"}, {"end": "00:01:31", "start": "00:01:26", "text": "that with the launch of Z. Inc, or we're"}, {"end": "00:01:33", "start": "00:01:29", "text": "going to call it Zinc from now on. It's"}, {"end": "00:01:35", "start": "00:01:31", "text": "nice and easy. It rolls off the tongue,"}, {"end": "00:01:38", "start": "00:01:33", "text": "right? Um, it's their own layer 1"}, {"end": "00:01:42", "start": "00:01:35", "text": "blockchain and it's built on Salana"}, {"end": "00:01:45", "start": "00:01:38", "text": "tech, but it's fine tuned for the gaming"}, {"end": "00:01:46", "start": "00:01:42", "text": "universe or web 3 gameplay, but it, you"}, {"end": "00:01:49", "start": "00:01:45", "text": "know, it was, we were told it's not"}, {"end": "00:01:51", "start": "00:01:46", "text": "necessarily only for web 3. It could be"}, {"end": "00:01:53", "start": "00:01:49", "text": "utilized for other things. So today"}, {"end": "00:01:54", "start": "00:01:51", "text": "we're kind of going to try to break down"}, {"end": "00:01:57", "start": "00:01:53", "text": "what zinc is. At least my interpretation"}, {"end": "00:01:58", "start": "00:01:54", "text": "of what it actually is. Um why it"}, {"end": "00:02:00", "start": "00:01:57", "text": "matters to us Star Atlas players. Um it"}, {"end": "00:02:02", "start": "00:01:58", "text": "utilizes something called the Salana"}, {"end": "00:02:04", "start": "00:02:00", "text": "virtual machine. It's going to have"}, {"end": "00:02:06", "start": "00:02:02", "text": "something called um ZK um proofs. And if"}, {"end": "00:02:07", "start": "00:02:04", "text": "you're not super into blockchain"}, {"end": "00:02:08", "start": "00:02:06", "text": "technology, you might not know what"}, {"end": "00:02:11", "start": "00:02:07", "text": "those are, but we'll explain a little"}, {"end": "00:02:13", "start": "00:02:08", "text": "bit more in a minute. Um and you know"}, {"end": "00:02:14", "start": "00:02:11", "text": "what is in it for us in the future. Um"}, {"end": "00:02:16", "start": "00:02:13", "text": "well, there's some airdrops and we're"}, {"end": "00:02:18", "start": "00:02:14", "text": "going to be um gaining some XP, like an"}, {"end": "00:02:20", "start": "00:02:16", "text": "XP system um once we start using this."}, {"end": "00:02:22", "start": "00:02:18", "text": "Um, and it's going to go from September"}, {"end": "00:02:24", "start": "00:02:20", "text": "to December. So, we'll get into that in"}, {"end": "00:02:26", "start": "00:02:22", "text": "just a little bit. All right. First,"}, {"end": "00:02:29", "start": "00:02:24", "text": "let's kind of um break it down from the"}, {"end": "00:02:31", "start": "00:02:26", "text": "beginning. Um, Z.inc. Um, it's you can"}, {"end": "00:02:32", "start": "00:02:29", "text": "go right to the website. If you type"}, {"end": "00:02:34", "start": "00:02:31", "text": "that into um the internet, you can"}, {"end": "00:02:36", "start": "00:02:32", "text": "actually, you know, find it just by"}, {"end": "00:02:38", "start": "00:02:34", "text": "typing Z.inc. It will pop right up. It"}, {"end": "00:02:39", "start": "00:02:36", "text": "is a brand new blockchain created by"}, {"end": "00:02:42", "start": "00:02:38", "text": "Automata, the team behind Star Atlas."}, {"end": "00:02:45", "start": "00:02:39", "text": "And it's a layer one chain, meaning that"}, {"end": "00:02:47", "start": "00:02:42", "text": "it it is is its very own network. Um but"}, {"end": "00:02:49", "start": "00:02:45", "text": "it will be running on top of Salana or"}, {"end": "00:02:52", "start": "00:02:47", "text": "actually utilizing something called an"}, {"end": "00:02:55", "start": "00:02:49", "text": "SVM which is Salana's virtual machine."}, {"end": "00:02:58", "start": "00:02:52", "text": "That means that it is fully capable um"}, {"end": "00:02:59", "start": "00:02:55", "text": "to run all of Salana's tools um the"}, {"end": "00:03:00", "start": "00:02:58", "text": "wallets, the DAPs, everything that goes"}, {"end": "00:03:03", "start": "00:02:59", "text": "along with Salana and the whole whole"}, {"end": "00:03:06", "start": "00:03:00", "text": "Salana ecosystem and um has the"}, {"end": "00:03:09", "start": "00:03:03", "text": "security, the scalability um and the"}, {"end": "00:03:11", "start": "00:03:06", "text": "speed. Um development started back in um"}, {"end": "00:03:14", "start": "00:03:09", "text": "through with Star Atlas. It started back"}, {"end": "00:03:16", "start": "00:03:11", "text": "in 2022. what um the Automata team was"}, {"end": "00:03:18", "start": "00:03:14", "text": "trying to create was a player profile"}, {"end": "00:03:22", "start": "00:03:16", "text": "system um that they could utilize. Um"}, {"end": "00:03:23", "start": "00:03:18", "text": "and then what they also were creating at"}, {"end": "00:03:26", "start": "00:03:22", "text": "the same time or about a year later"}, {"end": "00:03:27", "start": "00:03:23", "text": "really was Atlas Net, which is a test"}, {"end": "00:03:29", "start": "00:03:26", "text": "net bed running on Salana that"}, {"end": "00:03:31", "start": "00:03:27", "text": "developers could actually use without"}, {"end": "00:03:32", "start": "00:03:29", "text": "actually running um all the games that"}, {"end": "00:03:34", "start": "00:03:31", "text": "they were making on the Salana, you"}, {"end": "00:03:35", "start": "00:03:32", "text": "know, Salana blockchain. They could they"}, {"end": "00:03:36", "start": "00:03:34", "text": "actually made like a clone of the Salana"}, {"end": "00:03:39", "start": "00:03:35", "text": "blockchain they were running everything"}, {"end": "00:03:42", "start": "00:03:36", "text": "on. Well, they basically fused those"}, {"end": "00:03:44", "start": "00:03:39", "text": "together and they created a uh a"}, {"end": "00:03:47", "start": "00:03:42", "text": "fullfeatured blockchain with a twist"}, {"end": "00:03:49", "start": "00:03:44", "text": "that it's going to have onchain identity"}, {"end": "00:03:52", "start": "00:03:47", "text": "at its core. So, that's pretty pretty"}, {"end": "00:03:54", "start": "00:03:49", "text": "cool, man. I don't really know uh many"}, {"end": "00:03:56", "start": "00:03:52", "text": "blockchains that actually, you know, uh"}, {"end": "00:03:58", "start": "00:03:54", "text": "you know, went for something like this"}, {"end": "00:03:59", "start": "00:03:56", "text": "or definitely none in this in this uh"}, {"end": "00:04:00", "start": "00:03:58", "text": "you know, the way Star Atlas is going"}, {"end": "00:04:03", "start": "00:03:59", "text": "because we'll talk about that in just a"}, {"end": "00:04:05", "start": "00:04:00", "text": "few minutes also. So, let's just um talk"}, {"end": "00:04:06", "start": "00:04:03", "text": "about the tech for a sec about the"}, {"end": "00:04:07", "start": "00:04:05", "text": "Salana virtual machine. And I I talked"}, {"end": "00:04:09", "start": "00:04:06", "text": "about it twice now, but the Salana"}, {"end": "00:04:11", "start": "00:04:07", "text": "virtual machine is basically um an"}, {"end": "00:04:13", "start": "00:04:09", "text": "engine and it runs the programs of the"}, {"end": "00:04:15", "start": "00:04:11", "text": "Salana blockchain. So if you think about"}, {"end": "00:04:16", "start": "00:04:13", "text": "like how we're actually playing um Sage"}, {"end": "00:04:18", "start": "00:04:15", "text": "Labs Starbased, if you're playing that"}, {"end": "00:04:19", "start": "00:04:16", "text": "browser based game or if you've been"}, {"end": "00:04:21", "start": "00:04:18", "text": "playing Hollow Sim, um it's running"}, {"end": "00:04:22", "start": "00:04:19", "text": "actually on a blockchain. Well, that's"}, {"end": "00:04:24", "start": "00:04:21", "text": "that Salana engine that it's running on."}, {"end": "00:04:26", "start": "00:04:22", "text": "Um it's fast, scalable, it processes"}, {"end": "00:04:28", "start": "00:04:24", "text": "many transactions all in parallel with"}, {"end": "00:04:30", "start": "00:04:26", "text": "uh I don't know. I guess it's just"}, {"end": "00:04:33", "start": "00:04:28", "text": "perfect for games and definitely at"}, {"end": "00:04:36", "start": "00:04:30", "text": "metaverse scalability, you know. So,"}, {"end": "00:04:37", "start": "00:04:33", "text": "Zinc also uses zero knowledge proofs. I"}, {"end": "00:04:39", "start": "00:04:36", "text": "called it ZK proofs. Um, it was all the"}, {"end": "00:04:41", "start": "00:04:37", "text": "rage um in the Ethereum whole entire"}, {"end": "00:04:42", "start": "00:04:39", "text": "Ethereum universe. Uh, maybe like a year"}, {"end": "00:04:44", "start": "00:04:41", "text": "and a half ago. Everyone was talking"}, {"end": "00:04:46", "start": "00:04:42", "text": "about ZK proofs. Um, those are basically"}, {"end": "00:04:48", "start": "00:04:44", "text": "cryptograph it's like a cryptographic"}, {"end": "00:04:50", "start": "00:04:46", "text": "trick that lets you uh prove something"}, {"end": "00:04:53", "start": "00:04:48", "text": "is true without actually revealing any"}, {"end": "00:04:55", "start": "00:04:50", "text": "of the data. Um, for an example, if a"}, {"end": "00:04:57", "start": "00:04:53", "text": "game or another game other than Star"}, {"end": "00:05:00", "start": "00:04:55", "text": "Atlas or an exchange wants to, um, prove"}, {"end": "00:05:01", "start": "00:04:57", "text": "that you are you, um, they could do that"}, {"end": "00:05:04", "start": "00:05:00", "text": "without ever seeing any of your personal"}, {"end": "00:05:06", "start": "00:05:01", "text": "data. Um, so there is going to be the"}, {"end": "00:05:08", "start": "00:05:04", "text": "option, um, with this new blockchain"}, {"end": "00:05:10", "start": "00:05:06", "text": "that Star Atlas is developing, um, that"}, {"end": "00:05:12", "start": "00:05:08", "text": "you can actually do a KYC or a know your"}, {"end": "00:05:15", "start": "00:05:10", "text": "customer. Um, a lot of times you have to"}, {"end": "00:05:16", "start": "00:05:12", "text": "like up um upload a driver's license um"}, {"end": "00:05:19", "start": "00:05:15", "text": "to prove that you are you along with"}, {"end": "00:05:20", "start": "00:05:16", "text": "like maybe a picture of yourself or um"}, {"end": "00:05:21", "start": "00:05:19", "text": "sometimes they even want a bill or"}, {"end": "00:05:23", "start": "00:05:20", "text": "something like that like with your"}, {"end": "00:05:26", "start": "00:05:21", "text": "address on it to prove that you are you."}, {"end": "00:05:27", "start": "00:05:23", "text": "Um it mostly is just mostly usually an"}, {"end": "00:05:30", "start": "00:05:26", "text": "ID but you can do that through this"}, {"end": "00:05:31", "start": "00:05:27", "text": "blockchain in the future here and then"}, {"end": "00:05:34", "start": "00:05:30", "text": "any other blockchain on the Salana"}, {"end": "00:05:35", "start": "00:05:31", "text": "ecosystem can then um you know verify"}, {"end": "00:05:37", "start": "00:05:34", "text": "that you are you without actually having"}, {"end": "00:05:39", "start": "00:05:35", "text": "to do the exact same thing. So, if they"}, {"end": "00:05:41", "start": "00:05:37", "text": "wanted like a verified real life person"}, {"end": "00:05:44", "start": "00:05:39", "text": "and not a bot playing their game, well,"}, {"end": "00:05:46", "start": "00:05:41", "text": "they can do it through Z.inc or Zinc."}, {"end": "00:05:48", "start": "00:05:44", "text": "And this kind of jumps us into what the"}, {"end": "00:05:49", "start": "00:05:46", "text": "star of Zinc is going to be all about,"}, {"end": "00:05:52", "start": "00:05:48", "text": "like the blockchain is going to be all"}, {"end": "00:05:54", "start": "00:05:49", "text": "about. And that is the gamified onchain"}, {"end": "00:05:56", "start": "00:05:52", "text": "identity. Um, and they're I think"}, {"end": "00:05:58", "start": "00:05:54", "text": "they're calling it Zprofile, lowercase Z"}, {"end": "00:06:01", "start": "00:05:56", "text": "profile. Um, think of this as basically"}, {"end": "00:06:03", "start": "00:05:58", "text": "your avatar on the blockchain or the"}, {"end": "00:06:04", "start": "00:06:01", "text": "whole entire blockchain world. Like it"}, {"end": "00:06:06", "start": "00:06:03", "text": "could be your like if this goes well,"}, {"end": "00:06:08", "start": "00:06:04", "text": "this could be your avatar that you"}, {"end": "00:06:09", "start": "00:06:06", "text": "utilize. um through different types of"}, {"end": "00:06:11", "start": "00:06:08", "text": "bridges and stuff like that through all"}, {"end": "00:06:14", "start": "00:06:09", "text": "blockchains. So, what you're going to be"}, {"end": "00:06:17", "start": "00:06:11", "text": "able to do is earn XP and level up your"}, {"end": "00:06:19", "start": "00:06:14", "text": "avatar or your Z profile and build a"}, {"end": "00:06:22", "start": "00:06:17", "text": "reputation and this will unlock perks"}, {"end": "00:06:23", "start": "00:06:19", "text": "over time. Um it could unlock perks"}, {"end": "00:06:25", "start": "00:06:22", "text": "over, you know, different games like if"}, {"end": "00:06:28", "start": "00:06:23", "text": "different games start utilizing um this"}, {"end": "00:06:30", "start": "00:06:25", "text": "whole entire chain or even the ZK rollup"}, {"end": "00:06:32", "start": "00:06:28", "text": "um part of the chain. Um this could"}, {"end": "00:06:34", "start": "00:06:30", "text": "level up your avatar and give your"}, {"end": "00:06:36", "start": "00:06:32", "text": "avatar more and more XP. Um, it can also"}, {"end": "00:06:39", "start": "00:06:34", "text": "be leveled up through things like um,"}, {"end": "00:06:41", "start": "00:06:36", "text": "DeFi apps and tons more. Um, you can"}, {"end": "00:06:43", "start": "00:06:39", "text": "even set permissions. You should be able"}, {"end": "00:06:46", "start": "00:06:41", "text": "to be able to set permissions, I think"}, {"end": "00:06:48", "start": "00:06:43", "text": "is what they said on um, your profile."}, {"end": "00:06:50", "start": "00:06:46", "text": "And so, um, once you set those"}, {"end": "00:06:51", "start": "00:06:48", "text": "permissions, your wallet, your basically"}, {"end": "00:06:53", "start": "00:06:50", "text": "your wallet that is connected to this"}, {"end": "00:06:55", "start": "00:06:51", "text": "will only show the data that you want it"}, {"end": "00:06:57", "start": "00:06:53", "text": "to show. And this profile starting off"}, {"end": "00:06:58", "start": "00:06:55", "text": "for us people at Star Atlas, why is it"}, {"end": "00:07:00", "start": "00:06:57", "text": "important to us people of Star Atlas?"}, {"end": "00:07:02", "start": "00:06:58", "text": "Well, this profile is going to work"}, {"end": "00:07:03", "start": "00:07:00", "text": "across all the different games of Star"}, {"end": "00:07:04", "start": "00:07:02", "text": "Atlas. It's going to be connected to um"}, {"end": "00:07:06", "start": "00:07:03", "text": "all the different games in Star Atlas."}, {"end": "00:07:08", "start": "00:07:04", "text": "You'll be earning XP by playing all the"}, {"end": "00:07:09", "start": "00:07:06", "text": "games in Star Atalus or even going to"}, {"end": "00:07:12", "start": "00:07:08", "text": "the Star Atlas marketplace and making"}, {"end": "00:07:15", "start": "00:07:09", "text": "purchases or sell sale sell orders. Cool"}, {"end": "00:07:16", "start": "00:07:12", "text": "stuff, man. So, why is why is Automata"}, {"end": "00:07:18", "start": "00:07:15", "text": "going through all the trouble of making"}, {"end": "00:07:20", "start": "00:07:16", "text": "their own blockchain? Um this has been"}, {"end": "00:07:22", "start": "00:07:18", "text": "discussed a couple times in the past"}, {"end": "00:07:25", "start": "00:07:20", "text": "through Star Atlas's Atlas Brew. Um it's"}, {"end": "00:07:28", "start": "00:07:22", "text": "because of fees. Um also congestion too."}, {"end": "00:07:30", "start": "00:07:25", "text": "Salana has been known to um get very"}, {"end": "00:07:32", "start": "00:07:28", "text": "congested congested um during certain"}, {"end": "00:07:33", "start": "00:07:30", "text": "points like when memes were really"}, {"end": "00:07:35", "start": "00:07:32", "text": "popping a lot of the meme coins were"}, {"end": "00:07:37", "start": "00:07:33", "text": "really popping um boy man you know it"}, {"end": "00:07:38", "start": "00:07:35", "text": "was really hard to make any transactions"}, {"end": "00:07:41", "start": "00:07:37", "text": "on Salana and the fees to make a"}, {"end": "00:07:42", "start": "00:07:38", "text": "transaction got really high for Salana"}, {"end": "00:07:44", "start": "00:07:41", "text": "at least you know not as high as what"}, {"end": "00:07:46", "start": "00:07:42", "text": "Ethereum was going but for Salana um"}, {"end": "00:07:49", "start": "00:07:44", "text": "they're saying that this could be 99%"}, {"end": "00:07:51", "start": "00:07:46", "text": "cheaper um than running the games on the"}, {"end": "00:07:54", "start": "00:07:49", "text": "Salana ecosystem so one of the things u"}, {"end": "00:07:55", "start": "00:07:51", "text": "for me when I was uh when I just as a"}, {"end": "00:07:57", "start": "00:07:54", "text": "medium-sized player and then when I was"}, {"end": "00:07:59", "start": "00:07:55", "text": "actually doing the zero to hero and I"}, {"end": "00:08:01", "start": "00:07:57", "text": "was a very very small player and running"}, {"end": "00:08:03", "start": "00:07:59", "text": "only a couple fleets on the starbased um"}, {"end": "00:08:05", "start": "00:08:01", "text": "during the starbased browser game. Most"}, {"end": "00:08:07", "start": "00:08:03", "text": "of my profit was eaten up by Salana fees"}, {"end": "00:08:09", "start": "00:08:05", "text": "and it it it kills the little player for"}, {"end": "00:08:11", "start": "00:08:07", "text": "sure. This should help solve that, you"}, {"end": "00:08:13", "start": "00:08:09", "text": "know, which is awesome. Another bonus"}, {"end": "00:08:16", "start": "00:08:11", "text": "for this is um that Star Alice or the"}, {"end": "00:08:18", "start": "00:08:13", "text": "Automata team can run game logic without"}, {"end": "00:08:20", "start": "00:08:16", "text": "competing for other resources um with"}, {"end": "00:08:22", "start": "00:08:18", "text": "the DeFi giants of you know of Salana."}, {"end": "00:08:24", "start": "00:08:20", "text": "they can actually make sure that the"}, {"end": "00:08:26", "start": "00:08:22", "text": "speed is always up to what you you know"}, {"end": "00:08:27", "start": "00:08:24", "text": "what we need to play the game. Um"}, {"end": "00:08:28", "start": "00:08:26", "text": "especially that we have so many"}, {"end": "00:08:30", "start": "00:08:27", "text": "transactions going on Star Atlas they"}, {"end": "00:08:32", "start": "00:08:28", "text": "can actually just focus on making sure"}, {"end": "00:08:33", "start": "00:08:30", "text": "that the blockchain is running properly."}, {"end": "00:08:35", "start": "00:08:32", "text": "Um and they you know they don't have to"}, {"end": "00:08:36", "start": "00:08:33", "text": "you know compete with like something"}, {"end": "00:08:38", "start": "00:08:35", "text": "like Jupiter or something like that that"}, {"end": "00:08:40", "start": "00:08:36", "text": "has um transactions going all the time"}, {"end": "00:08:44", "start": "00:08:38", "text": "for that giant exchange. Um, and then"}, {"end": "00:08:46", "start": "00:08:40", "text": "the third bonus is um the the Zinc"}, {"end": "00:08:48", "start": "00:08:44", "text": "blockchain will be having um airdrops"}, {"end": "00:08:50", "start": "00:08:46", "text": "and sub uh subscriptions that they will"}, {"end": "00:08:52", "start": "00:08:48", "text": "be able to funnel new players right into"}, {"end": "00:08:54", "start": "00:08:50", "text": "Star Atlas with. Um so if you could"}, {"end": "00:08:56", "start": "00:08:52", "text": "imagine that maybe um people start"}, {"end": "00:08:58", "start": "00:08:54", "text": "hearing about airdrops coming. Um the"}, {"end": "00:09:00", "start": "00:08:56", "text": "first one will be in December. I think"}, {"end": "00:09:01", "start": "00:08:58", "text": "there's other ones to follow, but um the"}, {"end": "00:09:04", "start": "00:09:00", "text": "only way to get the airdrop might be to"}, {"end": "00:09:05", "start": "00:09:01", "text": "play some of Star Atlas's games. Um go"}, {"end": "00:09:07", "start": "00:09:04", "text": "to the Star Atlas marketplace, make some"}, {"end": "00:09:09", "start": "00:09:05", "text": "purchases, grab some ships and crew crew"}, {"end": "00:09:10", "start": "00:09:07", "text": "uh crew members and stuff like that. Um,"}, {"end": "00:09:13", "start": "00:09:09", "text": "people want to farm, possibly want to"}, {"end": "00:09:15", "start": "00:09:10", "text": "farm this zinc. So, it's kind of pretty"}, {"end": "00:09:18", "start": "00:09:13", "text": "cool marketing right now. They said that"}, {"end": "00:09:20", "start": "00:09:15", "text": "we can go um and start creating um go"}, {"end": "00:09:23", "start": "00:09:18", "text": "right to Zinc and start creating our own"}, {"end": "00:09:25", "start": "00:09:20", "text": "profile, I think, already. Um, but not"}, {"end": "00:09:28", "start": "00:09:23", "text": "like not all the things are actually in"}, {"end": "00:09:29", "start": "00:09:25", "text": "the um DAP right now that will be in the"}, {"end": "00:09:30", "start": "00:09:28", "text": "future. So, it's all it's like very"}, {"end": "00:09:32", "start": "00:09:29", "text": "limited things you can actually do on it"}, {"end": "00:09:35", "start": "00:09:30", "text": "at this very moment. Um, but the rollout"}, {"end": "00:09:37", "start": "00:09:32", "text": "plan is in September 2025. So, this"}, {"end": "00:09:38", "start": "00:09:35", "text": "September um they're going to start XP"}, {"end": "00:09:40", "start": "00:09:37", "text": "tracking. um they're going to start"}, {"end": "00:09:42", "start": "00:09:38", "text": "tracking everything that we do. Um when"}, {"end": "00:09:44", "start": "00:09:40", "text": "we play Star Atlas, um when we stake"}, {"end": "00:09:47", "start": "00:09:42", "text": "Atlas and Polis, when we trade on the"}, {"end": "00:09:49", "start": "00:09:44", "text": "marketplace, and um when we earn XP and"}, {"end": "00:09:51", "start": "00:09:47", "text": "within the games, it all go to our Z"}, {"end": "00:09:54", "start": "00:09:49", "text": "profile. So, that'll all be tracked in"}, {"end": "00:09:56", "start": "00:09:51", "text": "your XP determines how much zinc tokens"}, {"end": "00:09:57", "start": "00:09:54", "text": "you're going to get, which is awesome."}, {"end": "00:09:59", "start": "00:09:56", "text": "So, you have three months to basically"}, {"end": "00:10:02", "start": "00:09:57", "text": "farm those airdrops. A three-month um"}, {"end": "00:10:05", "start": "00:09:59", "text": "airdrop farm season. Um this is uh going"}, {"end": "00:10:08", "start": "00:10:02", "text": "to be awesome. Um I think that they they"}, {"end": "00:10:10", "start": "00:10:05", "text": "had said that um for um certain um"}, {"end": "00:10:11", "start": "00:10:08", "text": "certain members that are very active,"}, {"end": "00:10:14", "start": "00:10:10", "text": "you're going to be have u be able to"}, {"end": "00:10:15", "start": "00:10:11", "text": "double your XP. Um so I don't know. This"}, {"end": "00:10:17", "start": "00:10:14", "text": "is going to be huge. We'll learn a lot"}, {"end": "00:10:20", "start": "00:10:15", "text": "more, I'm sure, in the next coming"}, {"end": "00:10:22", "start": "00:10:17", "text": "weeks. And then in December 2025, this"}, {"end": "00:10:24", "start": "00:10:20", "text": "is the network genesis. What this means"}, {"end": "00:10:27", "start": "00:10:22", "text": "is that Z.inc"}, {"end": "00:10:29", "start": "00:10:24", "text": "goes mainnet. It goes live. It's going"}, {"end": "00:10:31", "start": "00:10:27", "text": "to be uh you know, it's going to have a"}, {"end": "00:10:34", "start": "00:10:29", "text": "Salana bridge. The bridge is going to be"}, {"end": "00:10:36", "start": "00:10:31", "text": "open and Sage C4 shall launch with it,"}, {"end": "00:10:37", "start": "00:10:34", "text": "the the new browserbased game that we're"}, {"end": "00:10:39", "start": "00:10:36", "text": "all excited about. It's going to be"}, {"end": "00:10:42", "start": "00:10:37", "text": "launched directly with Zinc, they say,"}, {"end": "00:10:44", "start": "00:10:39", "text": "which is going to be awesome. And we"}, {"end": "00:10:46", "start": "00:10:42", "text": "also know that not only is C4 launching"}, {"end": "00:10:48", "start": "00:10:44", "text": "at that time, um but we're going to be"}, {"end": "00:10:50", "start": "00:10:46", "text": "able to play that one the the different"}, {"end": "00:10:51", "start": "00:10:48", "text": "um games in the Unreal Engine 5 version"}, {"end": "00:10:54", "start": "00:10:50", "text": "of the game, we're going to be able to"}, {"end": "00:10:56", "start": "00:10:51", "text": "um get ourselves that thing called Black"}, {"end": "00:10:58", "start": "00:10:54", "text": "Goo that's going to link the Unreal"}, {"end": "00:11:00", "start": "00:10:56", "text": "Engine 5 version of the game with C4,"}, {"end": "00:11:01", "start": "00:10:58", "text": "the browserbased version of the game."}, {"end": "00:11:05", "start": "00:11:00", "text": "And we're going to be on our own"}, {"end": "00:11:07", "start": "00:11:01", "text": "personal Star Atlas blockchain. Woo!"}, {"end": "00:11:09", "start": "00:11:05", "text": "All right. Now, let's talk to man. So,"}, {"end": "00:11:10", "start": "00:11:07", "text": "how many zinc tokens will there be?"}, {"end": "00:11:12", "start": "00:11:09", "text": "Well, uh, CEO of Stratlas, Michael"}, {"end": "00:11:14", "start": "00:11:10", "text": "Wagner, said he was guessing, um, the"}, {"end": "00:11:15", "start": "00:11:12", "text": "total supply will be 100 million, but he"}, {"end": "00:11:16", "start": "00:11:14", "text": "sounded like that wasn't set in stone,"}, {"end": "00:11:19", "start": "00:11:15", "text": "but at least at the start, that's what"}, {"end": "00:11:21", "start": "00:11:16", "text": "his guess was, 100 million. Um, 66% of"}, {"end": "00:11:23", "start": "00:11:19", "text": "that is going to go to airdrops. Not"}, {"end": "00:11:25", "start": "00:11:21", "text": "only airdrops, but also grants and"}, {"end": "00:11:27", "start": "00:11:23", "text": "partnerships um, with the whole entire"}, {"end": "00:11:30", "start": "00:11:25", "text": "zinc token. Um, 20% is going to go to"}, {"end": "00:11:32", "start": "00:11:27", "text": "Automata, the creators of the uh, token"}, {"end": "00:11:34", "start": "00:11:30", "text": "and also the creators of Star Atlas. Um,"}, {"end": "00:11:36", "start": "00:11:32", "text": "10% is going to go into the Z.inc um,"}, {"end": "00:11:37", "start": "00:11:34", "text": "operations to make sure everything is,"}, {"end": "00:11:40", "start": "00:11:36", "text": "you know, flowing properly and stuff"}, {"end": "00:11:42", "start": "00:11:37", "text": "like that. And 5% goes to the Star Atlas"}, {"end": "00:11:45", "start": "00:11:40", "text": "Polis DAO, which is super cool. Um, and"}, {"end": "00:11:47", "start": "00:11:42", "text": "they also said um there the DAO is going"}, {"end": "00:11:49", "start": "00:11:45", "text": "to earn revenue from um having validator"}, {"end": "00:11:51", "start": "00:11:47", "text": "rewards um basically running the whole"}, {"end": "00:11:53", "start": "00:11:49", "text": "entire network and they'll acrew some"}, {"end": "00:11:55", "start": "00:11:51", "text": "network fees for that. So, it's actually"}, {"end": "00:11:59", "start": "00:11:53", "text": "going to bring up our Polus DAO. Oh man,"}, {"end": "00:12:02", "start": "00:11:55", "text": "I love Polus. And um think of this, in"}, {"end": "00:12:03", "start": "00:11:59", "text": "the future, you won't need Salana in"}, {"end": "00:12:04", "start": "00:12:02", "text": "your wallet. Well, you you might need a"}, {"end": "00:12:05", "start": "00:12:03", "text": "little bit of Salana because you're"}, {"end": "00:12:07", "start": "00:12:04", "text": "always going to maybe want to like buy"}, {"end": "00:12:08", "start": "00:12:05", "text": "and sell and whole Salana ecosystem, but"}, {"end": "00:12:12", "start": "00:12:07", "text": "you're going to basically need Atlas,"}, {"end": "00:12:13", "start": "00:12:08", "text": "Polus, and Zinc in your wallet. Um, so"}, {"end": "00:12:14", "start": "00:12:12", "text": "the zinc will always be running, you"}, {"end": "00:12:16", "start": "00:12:13", "text": "know, transactions in the game and stuff"}, {"end": "00:12:18", "start": "00:12:14", "text": "like that. So, those are going to be the"}, {"end": "00:12:20", "start": "00:12:16", "text": "three main main coins you're always"}, {"end": "00:12:21", "start": "00:12:18", "text": "going to want in your wallet at all"}, {"end": "00:12:22", "start": "00:12:20", "text": "times. Um, and then probably just like,"}, {"end": "00:12:24", "start": "00:12:21", "text": "you know, you always need a little bit"}, {"end": "00:12:26", "start": "00:12:22", "text": "of Salana just in case you want to like"}, {"end": "00:12:28", "start": "00:12:24", "text": "convert some of your um coins back into"}, {"end": "00:12:30", "start": "00:12:26", "text": "the Salana ecosystem, right? Um, so they"}, {"end": "00:12:32", "start": "00:12:28", "text": "said something about a premium um,"}, {"end": "00:12:35", "start": "00:12:30", "text": "subscription that shall launch with"}, {"end": "00:12:37", "start": "00:12:32", "text": "Z.inc. Um, so this premium um,"}, {"end": "00:12:39", "start": "00:12:35", "text": "subscription will um, have perks like"}, {"end": "00:12:41", "start": "00:12:37", "text": "um, XP multipliers. So you'll get extra"}, {"end": "00:12:44", "start": "00:12:39", "text": "XP for doing certain things. Um, free"}, {"end": "00:12:46", "start": "00:12:41", "text": "premium domain domain names um, tied to"}, {"end": "00:12:48", "start": "00:12:44", "text": "your profile. So you'll you'll like if I"}, {"end": "00:12:50", "start": "00:12:46", "text": "might be like bth.inc will be my like"}, {"end": "00:12:52", "start": "00:12:48", "text": "zinc profile name, right? Um, and"}, {"end": "00:12:53", "start": "00:12:50", "text": "bonuses like maybe they they might they"}, {"end": "00:12:55", "start": "00:12:52", "text": "were saying they might give you like the"}, {"end": "00:12:57", "start": "00:12:53", "text": "the Hollisim battle pass, the new"}, {"end": "00:12:58", "start": "00:12:55", "text": "upcoming battle pass. you might get that"}, {"end": "00:13:00", "start": "00:12:57", "text": "for free if you have the premium"}, {"end": "00:13:02", "start": "00:12:58", "text": "subscription of zinc. So, that's pretty"}, {"end": "00:13:04", "start": "00:13:00", "text": "cool. Um, higher tiers could even let"}, {"end": "00:13:06", "start": "00:13:02", "text": "you um earn Star Atlas assets in the"}, {"end": "00:13:07", "start": "00:13:04", "text": "future, which is pretty neat. And, uh,"}, {"end": "00:13:09", "start": "00:13:06", "text": "you just have to just keep on"}, {"end": "00:13:11", "start": "00:13:07", "text": "progressing your XP, you know, along"}, {"end": "00:13:13", "start": "00:13:09", "text": "with that, um, premium per or"}, {"end": "00:13:14", "start": "00:13:11", "text": "subscription, I should say. Now, a"}, {"end": "00:13:15", "start": "00:13:13", "text": "couple other thoughts that I'm starting"}, {"end": "00:13:17", "start": "00:13:14", "text": "to remember from the town hall is that"}, {"end": "00:13:18", "start": "00:13:15", "text": "Michael Wagner had mentioned that"}, {"end": "00:13:20", "start": "00:13:17", "text": "they're not going to be um, taking away"}, {"end": "00:13:22", "start": "00:13:18", "text": "a bunch of team members from Star Alice"}, {"end": "00:13:23", "start": "00:13:20", "text": "from building the game Star Alice. What"}, {"end": "00:13:25", "start": "00:13:22", "text": "they're going to do is they're going to"}, {"end": "00:13:28", "start": "00:13:23", "text": "hire in a bunch of new personnel to run"}, {"end": "00:13:29", "start": "00:13:25", "text": "Z.inc and run the whole Zinc blockchain."}, {"end": "00:13:31", "start": "00:13:28", "text": "That's pretty cool. At first, they're"}, {"end": "00:13:34", "start": "00:13:29", "text": "going to start off with just exclusive"}, {"end": "00:13:36", "start": "00:13:31", "text": "um validators um the Atomata team plus"}, {"end": "00:13:38", "start": "00:13:34", "text": "some other third party validators and"}, {"end": "00:13:40", "start": "00:13:36", "text": "the Star Atlas DAO. Um but they plan in"}, {"end": "00:13:42", "start": "00:13:38", "text": "the future to actually making it um more"}, {"end": "00:13:44", "start": "00:13:40", "text": "widely approachable and permissionless."}, {"end": "00:13:46", "start": "00:13:42", "text": "Um so um if you ever decide that you"}, {"end": "00:13:48", "start": "00:13:44", "text": "want to be a validator in the future,"}, {"end": "00:13:50", "start": "00:13:46", "text": "you might have a chance. um they are"}, {"end": "00:13:52", "start": "00:13:48", "text": "going to immediately overcome one of the"}, {"end": "00:13:53", "start": "00:13:50", "text": "the huge problems that most blockchains"}, {"end": "00:13:55", "start": "00:13:52", "text": "have and that's when you create a"}, {"end": "00:13:56", "start": "00:13:53", "text": "blockchain who really wants to build on"}, {"end": "00:13:58", "start": "00:13:55", "text": "it or who wants to actually utilize it"}, {"end": "00:14:00", "start": "00:13:56", "text": "or you know yada yada yada and then"}, {"end": "00:14:01", "start": "00:13:58", "text": "other people don't really want to build"}, {"end": "00:14:03", "start": "00:14:00", "text": "on it until they see other people"}, {"end": "00:14:04", "start": "00:14:01", "text": "utilizing it or you know you know the"}, {"end": "00:14:06", "start": "00:14:03", "text": "blockchain actually like you know"}, {"end": "00:14:08", "start": "00:14:04", "text": "performing a bunch of transactions so it"}, {"end": "00:14:10", "start": "00:14:06", "text": "actually is something good um well Star"}, {"end": "00:14:11", "start": "00:14:08", "text": "Atlas just blows out of the water right"}, {"end": "00:14:13", "start": "00:14:10", "text": "away because all of us playing the game"}, {"end": "00:14:17", "start": "00:14:11", "text": "are going to immediately create a ton of"}, {"end": "00:14:18", "start": "00:14:13", "text": "transactions on um on zinc so um it's"}, {"end": "00:14:21", "start": "00:14:17", "text": "going going to go right away. It's going"}, {"end": "00:14:22", "start": "00:14:18", "text": "to have at least a thousand um people"}, {"end": "00:14:23", "start": "00:14:21", "text": "like cuz that's how many players are"}, {"end": "00:14:26", "start": "00:14:22", "text": "playing Starbase basically at this"}, {"end": "00:14:27", "start": "00:14:23", "text": "moment. A thousand people right away"}, {"end": "00:14:28", "start": "00:14:26", "text": "making transaction after transaction"}, {"end": "00:14:31", "start": "00:14:27", "text": "after transaction as we're all starting"}, {"end": "00:14:32", "start": "00:14:28", "text": "to play C4. And if C4 is a larger launch"}, {"end": "00:14:34", "start": "00:14:31", "text": "than that, there could be thousands and"}, {"end": "00:14:36", "start": "00:14:32", "text": "thousands of uh you know people"}, {"end": "00:14:38", "start": "00:14:34", "text": "utilizing the blockchain right off the"}, {"end": "00:14:40", "start": "00:14:36", "text": "bat um for an everyday use case. So that"}, {"end": "00:14:41", "start": "00:14:38", "text": "that looks really good for the"}, {"end": "00:14:43", "start": "00:14:40", "text": "blockchain. Um it makes things nice and"}, {"end": "00:14:45", "start": "00:14:41", "text": "juicy um for other people that might"}, {"end": "00:14:46", "start": "00:14:43", "text": "want to build on it or utilize it. So,"}, {"end": "00:14:49", "start": "00:14:45", "text": "wicked cool. Wicked cool stuff right"}, {"end": "00:14:51", "start": "00:14:46", "text": "there. Um, also this could bring in um a"}, {"end": "00:14:52", "start": "00:14:49", "text": "decent amount of revenue for Automata,"}, {"end": "00:14:54", "start": "00:14:51", "text": "you know, so they can actually keep"}, {"end": "00:14:55", "start": "00:14:52", "text": "funding themselves and, you know, having"}, {"end": "00:14:57", "start": "00:14:54", "text": "enough money to constantly create the"}, {"end": "00:14:59", "start": "00:14:55", "text": "game of Star Atlas or hire in more"}, {"end": "00:15:00", "start": "00:14:57", "text": "people. Um, and there's all sorts of"}, {"end": "00:15:02", "start": "00:14:59", "text": "ways that they could utilize this um in"}, {"end": "00:15:03", "start": "00:15:00", "text": "the future, but like we we talked about"}, {"end": "00:15:05", "start": "00:15:02", "text": "that premium subscription service."}, {"end": "00:15:07", "start": "00:15:03", "text": "That's one of them. Um, also they could"}, {"end": "00:15:09", "start": "00:15:05", "text": "be selling the actual names like for the"}, {"end": "00:15:11", "start": "00:15:07", "text": "whole entire Z profile. So, you can get"}, {"end": "00:15:13", "start": "00:15:09", "text": "that name like BTH um.inc, ink, you"}, {"end": "00:15:15", "start": "00:15:11", "text": "know, and then I could use that for my"}, {"end": "00:15:17", "start": "00:15:13", "text": "KYC and stuff like that. Um, so there's"}, {"end": "00:15:19", "start": "00:15:15", "text": "a lot of ways that um Automatic could"}, {"end": "00:15:20", "start": "00:15:17", "text": "probably utilize this to um, you know,"}, {"end": "00:15:23", "start": "00:15:19", "text": "keep the runway open for Star Atlas to"}, {"end": "00:15:25", "start": "00:15:20", "text": "build Star Atlas forever, right? All"}, {"end": "00:15:26", "start": "00:15:23", "text": "right. So, this is kind of cool, too."}, {"end": "00:15:28", "start": "00:15:25", "text": "It's going to Zinc is going to have its"}, {"end": "00:15:31", "start": "00:15:26", "text": "own wallet. So, protect your assets with"}, {"end": "00:15:32", "start": "00:15:28", "text": "um, your own secure zinc wallet. Um, but"}, {"end": "00:15:33", "start": "00:15:31", "text": "also since it's actually on the Salana"}, {"end": "00:15:35", "start": "00:15:32", "text": "ecosystem, if you don't want that"}, {"end": "00:15:37", "start": "00:15:33", "text": "wallet, you could use any wallet and"}, {"end": "00:15:39", "start": "00:15:35", "text": "zinc tokens um should be fine to"}, {"end": "00:15:40", "start": "00:15:37", "text": "actually appear um in Soulflare or"}, {"end": "00:15:42", "start": "00:15:39", "text": "Phantom or whatever wallet you use like"}, {"end": "00:15:44", "start": "00:15:40", "text": "Backpack."}, {"end": "00:15:45", "start": "00:15:42", "text": "So, I'm just scrolling up. We're"}, {"end": "00:15:46", "start": "00:15:44", "text": "starting at the bottom going up right"}, {"end": "00:15:47", "start": "00:15:45", "text": "now, but this is what the leaderboard is"}, {"end": "00:15:49", "start": "00:15:46", "text": "going to look like. I'm sure that you'll"}, {"end": "00:15:51", "start": "00:15:47", "text": "be able to um customize your profile"}, {"end": "00:15:54", "start": "00:15:49", "text": "picture um participate to earn zinc"}, {"end": "00:15:56", "start": "00:15:51", "text": "points and perks. Um and um here's the"}, {"end": "00:15:58", "start": "00:15:54", "text": "the top of the page right here. And we"}, {"end": "00:15:59", "start": "00:15:56", "text": "can connect our wallet even at this"}, {"end": "00:16:01", "start": "00:15:58", "text": "moment. So maybe I might connect my"}, {"end": "00:16:03", "start": "00:15:59", "text": "wallet and see what happens. All right,"}, {"end": "00:16:05", "start": "00:16:01", "text": "it says Z connectnect. We're going to"}, {"end": "00:16:06", "start": "00:16:03", "text": "hit that. All right, well my wallet's"}, {"end": "00:16:08", "start": "00:16:05", "text": "connected. I can't seem to create a"}, {"end": "00:16:09", "start": "00:16:06", "text": "profile. I believe that's cuz I already"}, {"end": "00:16:11", "start": "00:16:08", "text": "have one created through Star Atlas. So"}, {"end": "00:16:12", "start": "00:16:09", "text": "let me see if I have a wallet that"}, {"end": "00:16:14", "start": "00:16:11", "text": "doesn't have a Star Atlas profile in it."}, {"end": "00:16:16", "start": "00:16:12", "text": "See if anything different happens. I'll"}, {"end": "00:16:18", "start": "00:16:14", "text": "let you know in a second. So again, this"}, {"end": "00:16:20", "start": "00:16:16", "text": "isn't um ready to launch until"}, {"end": "00:16:21", "start": "00:16:18", "text": "September. But if I go to dashboard, it"}, {"end": "00:16:23", "start": "00:16:20", "text": "says connect your wallet to access your"}, {"end": "00:16:26", "start": "00:16:21", "text": "Zinc dashboard. Um and I believe that"}, {"end": "00:16:28", "start": "00:16:23", "text": "you can start working on your profile is"}, {"end": "00:16:30", "start": "00:16:26", "text": "what they had said. Um, so it says"}, {"end": "00:16:32", "start": "00:16:28", "text": "connection error. Please try again. So,"}, {"end": "00:16:33", "start": "00:16:30", "text": "it's something that needs to be ironed"}, {"end": "00:16:34", "start": "00:16:32", "text": "out. This really wasn't ready for"}, {"end": "00:16:35", "start": "00:16:33", "text": "launch. It's ready for launch in"}, {"end": "00:16:37", "start": "00:16:34", "text": "September. So, we have a few weeks"}, {"end": "00:16:39", "start": "00:16:35", "text": "before uh September even hits. Um, and"}, {"end": "00:16:41", "start": "00:16:37", "text": "I'm sure that this will all be ironed"}, {"end": "00:16:44", "start": "00:16:39", "text": "out and the um whole entire website will"}, {"end": "00:16:46", "start": "00:16:41", "text": "be working properly um once we um start"}, {"end": "00:16:49", "start": "00:16:44", "text": "actually farming for our airdrop tokens."}, {"end": "00:16:50", "start": "00:16:46", "text": "Um so, I can't wait for that. Um so, I"}, {"end": "00:16:51", "start": "00:16:49", "text": "tried a few different wallets. It didn't"}, {"end": "00:16:53", "start": "00:16:50", "text": "change anything. So, we'll we'll come"}, {"end": "00:16:54", "start": "00:16:51", "text": "back to this later. I'll do this in a"}, {"end": "00:16:56", "start": "00:16:53", "text": "different episode. So, guys, if you"}, {"end": "00:16:58", "start": "00:16:54", "text": "think about this, um Z.inc Inc. and zinc"}, {"end": "00:17:00", "start": "00:16:56", "text": "is not your everyday blockchain. This is"}, {"end": "00:17:03", "start": "00:16:58", "text": "a custombuilt"}, {"end": "00:17:05", "start": "00:17:00", "text": "engine for the Star Atlas metaverse and"}, {"end": "00:17:07", "start": "00:17:03", "text": "other games, other games in the"}, {"end": "00:17:10", "start": "00:17:05", "text": "metaverse that can be connected to Star"}, {"end": "00:17:12", "start": "00:17:07", "text": "Atlas um other ecosystems within Salana."}, {"end": "00:17:14", "start": "00:17:10", "text": "Um maybe even other ecosystems that can"}, {"end": "00:17:16", "start": "00:17:12", "text": "bridge from other blockchains. Um this"}, {"end": "00:17:18", "start": "00:17:14", "text": "is going to give us lower costs. It's"}, {"end": "00:17:20", "start": "00:17:16", "text": "going to give us onchain identity. It's"}, {"end": "00:17:22", "start": "00:17:18", "text": "going to have built-in privacy and it's"}, {"end": "00:17:24", "start": "00:17:20", "text": "going to have a huge player base on day"}, {"end": "00:17:25", "start": "00:17:22", "text": "one, making it one of the most active"}, {"end": "00:17:27", "start": "00:17:24", "text": "blockchains in the whole entire"}, {"end": "00:17:29", "start": "00:17:25", "text": "cryptocurrency space. Um, so the"}, {"end": "00:17:31", "start": "00:17:27", "text": "countdown starts until September. I"}, {"end": "00:17:33", "start": "00:17:29", "text": "cannot wait. I think this was absolutely"}, {"end": "00:17:35", "start": "00:17:31", "text": "huge. Probably way more bigger than we"}, {"end": "00:17:37", "start": "00:17:33", "text": "possibly could imagine. Um, that's why"}, {"end": "00:17:38", "start": "00:17:35", "text": "the team is so hyped about it. Um, if"}, {"end": "00:17:40", "start": "00:17:37", "text": "you're enjoying this video, make sure"}, {"end": "00:17:42", "start": "00:17:38", "text": "you are subscribed. Make sure you hit"}, {"end": "00:17:43", "start": "00:17:40", "text": "that like button down below so other"}, {"end": "00:17:45", "start": "00:17:42", "text": "people can see this video. Helps with"}, {"end": "00:17:46", "start": "00:17:43", "text": "the YouTube algorithm as always. And I"}, {"end": "00:17:50", "start": "00:17:45", "text": "love youall and I'll talk to you in the"}, {"end": "00:17:50", "start": "00:17:46", "text": "next one. later. Wow."}]

[{"end": "00:00:04", "start": "00:00:01", "text": "Yo, what's up captains and cadetses? Hey"}, {"end": "00:00:06", "start": "00:00:03", "text": "man, this episode we're going to talk"}, {"end": "00:00:07", "start": "00:00:04", "text": "about something I think a lot of people"}, {"end": "00:00:10", "start": "00:00:06", "text": "might have missed and that is something"}, {"end": "00:00:12", "start": "00:00:07", "text": "coming to Star Atlas called Black Goo."}, {"end": "00:00:13", "start": "00:00:10", "text": "And what's Black Goo, man? Well, we'll"}, {"end": "00:00:17", "start": "00:00:12", "text": "cover it all in this video, so hang"}, {"end": "00:00:17", "start": "00:00:13", "text": "tight. Let's go."}, {"end": "00:00:32", "start": "00:00:29", "text": "Yo, what's up muds? What's up ponies?"}, {"end": "00:00:34", "start": "00:00:30", "text": "And what's up oosters? And in one of"}, {"end": "00:00:36", "start": "00:00:32", "text": "those new Star Atlas. Sorry if my mic"}, {"end": "00:00:37", "start": "00:00:34", "text": "sounds a little weird and echoey and uh"}, {"end": "00:00:38", "start": "00:00:36", "text": "if my video is a little bit weird"}, {"end": "00:00:41", "start": "00:00:37", "text": "looking. Um but I'm way up in northern"}, {"end": "00:00:42", "start": "00:00:38", "text": "Maine and I'm on vacation. Um and you"}, {"end": "00:00:43", "start": "00:00:41", "text": "know, I thought I could wait on maybe"}, {"end": "00:00:45", "start": "00:00:42", "text": "making a video till I get back home."}, {"end": "00:00:47", "start": "00:00:43", "text": "Except that by the time I get back home,"}, {"end": "00:00:49", "start": "00:00:45", "text": "the town hall will happen. I think I'm"}, {"end": "00:00:50", "start": "00:00:47", "text": "going to be really busy doing a bunch of"}, {"end": "00:00:52", "start": "00:00:49", "text": "coverage on what happens with the town"}, {"end": "00:00:54", "start": "00:00:50", "text": "hall because it sounds really exciting."}, {"end": "00:00:55", "start": "00:00:52", "text": "the second town hall and it's coming um"}, {"end": "00:00:56", "start": "00:00:54", "text": "up this Wednesday at the time of making"}, {"end": "00:00:59", "start": "00:00:55", "text": "this video. I'm making this video on uh"}, {"end": "00:01:00", "start": "00:00:56", "text": "Monday night. Um so, man, I'm I'm"}, {"end": "00:01:02", "start": "00:00:59", "text": "excited about that. But I wanted to get"}, {"end": "00:01:04", "start": "00:01:00", "text": "out this video about black goo. Um what"}, {"end": "00:01:05", "start": "00:01:02", "text": "is black goo? Now, if you guys have been"}, {"end": "00:01:07", "start": "00:01:04", "text": "following my channel, you might remember"}, {"end": "00:01:10", "start": "00:01:05", "text": "I made a video where I took my ship out"}, {"end": "00:01:13", "start": "00:01:07", "text": "and I was doing some mining. And when I"}, {"end": "00:01:14", "start": "00:01:10", "text": "was um this was in Unreal Engine 5 and"}, {"end": "00:01:15", "start": "00:01:13", "text": "you know you can go to different"}, {"end": "00:01:17", "start": "00:01:14", "text": "asteroids and land on planets and then"}, {"end": "00:01:18", "start": "00:01:15", "text": "there's like this whole timing meter and"}, {"end": "00:01:20", "start": "00:01:17", "text": "stuff and you can shoot shoot up"}, {"end": "00:01:22", "start": "00:01:18", "text": "asteroids and rocks and get yourself"}, {"end": "00:01:24", "start": "00:01:20", "text": "some crafting components um some raw"}, {"end": "00:01:26", "start": "00:01:22", "text": "resources and I was saying man this"}, {"end": "00:01:28", "start": "00:01:24", "text": "would be so cool if you could do"}, {"end": "00:01:31", "start": "00:01:26", "text": "something like this and um maybe get"}, {"end": "00:01:34", "start": "00:01:28", "text": "some type of special resource and make a"}, {"end": "00:01:36", "start": "00:01:31", "text": "you know craft a Star Atlas ship in the"}, {"end": "00:01:39", "start": "00:01:34", "text": "browserbased game of Star Atlas called"}, {"end": "00:01:41", "start": "00:01:36", "text": "Starbased. Now, I wasn't quite right on"}, {"end": "00:01:42", "start": "00:01:39", "text": "all that, but I was kind of close on"}, {"end": "00:01:45", "start": "00:01:41", "text": "what the team decided to do in in a"}, {"end": "00:01:49", "start": "00:01:42", "text": "sense. So, what we're going to be doing,"}, {"end": "00:01:51", "start": "00:01:45", "text": "I guess, in Unreal Engine 5 is they said"}, {"end": "00:01:52", "start": "00:01:49", "text": "while playing certain aspects of the"}, {"end": "00:01:53", "start": "00:01:51", "text": "game, if you're grinding on certain"}, {"end": "00:01:55", "start": "00:01:52", "text": "aspects of the game and playing around"}, {"end": "00:01:56", "start": "00:01:53", "text": "and stuff, there's going to be like a"}, {"end": "00:01:58", "start": "00:01:55", "text": "tick meter and we're going to be"}, {"end": "00:01:59", "start": "00:01:56", "text": "constantly collecting black goo by"}, {"end": "00:02:01", "start": "00:01:58", "text": "playing the Unreal Engine 5 version of"}, {"end": "00:02:03", "start": "00:01:59", "text": "the game, I believe, is kind of like how"}, {"end": "00:02:06", "start": "00:02:01", "text": "the wording um was said by Chris from"}, {"end": "00:02:07", "start": "00:02:03", "text": "the economics team. And so it's going to"}, {"end": "00:02:08", "start": "00:02:06", "text": "be almost like a currency like Atlas"}, {"end": "00:02:10", "start": "00:02:07", "text": "that you're going to acrewue by playing"}, {"end": "00:02:11", "start": "00:02:08", "text": "the Unreal Engine 5 version of the game."}, {"end": "00:02:13", "start": "00:02:10", "text": "He said maybe not all aspects of the"}, {"end": "00:02:14", "start": "00:02:11", "text": "game like it might not include like the"}, {"end": "00:02:15", "start": "00:02:13", "text": "first person shooter because there's"}, {"end": "00:02:17", "start": "00:02:14", "text": "already rewards for that but maybe other"}, {"end": "00:02:20", "start": "00:02:15", "text": "aspects of it. And then this black goo"}, {"end": "00:02:23", "start": "00:02:17", "text": "is going to be used for ship components"}, {"end": "00:02:26", "start": "00:02:20", "text": "which is crazy cool because there's a"}, {"end": "00:02:29", "start": "00:02:23", "text": "whole section of Star Atlas um called"}, {"end": "00:02:30", "start": "00:02:26", "text": "that is coming forth in C4 and this"}, {"end": "00:02:32", "start": "00:02:29", "text": "whole Black is going to be implemented"}, {"end": "00:02:34", "start": "00:02:30", "text": "during C4 but where we're going to be"}, {"end": "00:02:37", "start": "00:02:32", "text": "destroying our ships in combat and we're"}, {"end": "00:02:39", "start": "00:02:34", "text": "going to have to constantly re like"}, {"end": "00:02:40", "start": "00:02:37", "text": "recraft and recreate a whole bunch of"}, {"end": "00:02:42", "start": "00:02:39", "text": "components of for our ships so we can go"}, {"end": "00:02:43", "start": "00:02:40", "text": "back and battle again. the actual ships"}, {"end": "00:02:46", "start": "00:02:42", "text": "won't be destroyed, but those will be"}, {"end": "00:02:47", "start": "00:02:43", "text": "sent back um to a star base and they're"}, {"end": "00:02:49", "start": "00:02:46", "text": "going to be stripped of all their"}, {"end": "00:02:50", "start": "00:02:47", "text": "components if you like lose in combat."}, {"end": "00:02:53", "start": "00:02:49", "text": "So, you'll have to constantly craft"}, {"end": "00:02:55", "start": "00:02:50", "text": "those. And then if you want extra"}, {"end": "00:02:56", "start": "00:02:53", "text": "special components, you're going to have"}, {"end": "00:02:58", "start": "00:02:55", "text": "to craft them with this black goo. And"}, {"end": "00:03:01", "start": "00:02:56", "text": "how do you get the black goo? You're"}, {"end": "00:03:03", "start": "00:02:58", "text": "going to have to buy that black goo by"}, {"end": "00:03:05", "start": "00:03:01", "text": "um from some person that has been"}, {"end": "00:03:06", "start": "00:03:03", "text": "grinding in Unreal Engine 5 and or"}, {"end": "00:03:09", "start": "00:03:05", "text": "you're going to have to grind Unreal uh"}, {"end": "00:03:10", "start": "00:03:06", "text": "Real Engine 5 yourself. So, it's going"}, {"end": "00:03:13", "start": "00:03:09", "text": "to totally link the two economies"}, {"end": "00:03:14", "start": "00:03:10", "text": "together, which I think is phenomenal."}, {"end": "00:03:15", "start": "00:03:13", "text": "So, what we're going to do is we're"}, {"end": "00:03:17", "start": "00:03:14", "text": "going to listen to Chris for a little"}, {"end": "00:03:19", "start": "00:03:15", "text": "bit talk all about Black Goo. This was"}, {"end": "00:03:22", "start": "00:03:17", "text": "from the most recent um um economic"}, {"end": "00:03:23", "start": "00:03:19", "text": "forum. If you missed this or maybe you"}, {"end": "00:03:24", "start": "00:03:22", "text": "weren't quite paying attention exactly"}, {"end": "00:03:26", "start": "00:03:23", "text": "what he was saying or maybe you left the"}, {"end": "00:03:28", "start": "00:03:24", "text": "economic forum a little bit early and"}, {"end": "00:03:30", "start": "00:03:26", "text": "didn't catch the last half of it, this"}, {"end": "00:03:32", "start": "00:03:28", "text": "this part is for you because this is"}, {"end": "00:03:34", "start": "00:03:30", "text": "some some huge alpha that he released."}, {"end": "00:03:35", "start": "00:03:32", "text": "Um and like I said, I think it went"}, {"end": "00:03:36", "start": "00:03:34", "text": "right above a lot of people's heads and"}, {"end": "00:03:38", "start": "00:03:35", "text": "they they missed out on this. That's why"}, {"end": "00:03:40", "start": "00:03:36", "text": "I wanted to include it in this video."}, {"end": "00:03:41", "start": "00:03:38", "text": "So, please enjoy. Thank you, Chris, for"}, {"end": "00:03:44", "start": "00:03:40", "text": "all the information. Really appreciate"}, {"end": "00:03:45", "start": "00:03:41", "text": "it. You know, love your economic forum."}, {"end": "00:03:46", "start": "00:03:44", "text": "You're the man."}, {"end": "00:03:49", "start": "00:03:45", "text": ">> Some other updates uh that I wanted to"}, {"end": "00:03:52", "start": "00:03:46", "text": "talk about before we get to our Q&A um"}, {"end": "00:03:53", "start": "00:03:49", "text": "is a Black Goo update that is planned."}, {"end": "00:03:55", "start": "00:03:52", "text": "Uh this was just something we we thought"}, {"end": "00:03:57", "start": "00:03:53", "text": "might be good to just chat about the"}, {"end": "00:04:00", "start": "00:03:55", "text": "economic implications. So, we've"}, {"end": "00:04:02", "start": "00:03:57", "text": "mentioned Black Goo in the Star Atlas uh"}, {"end": "00:04:03", "start": "00:04:00", "text": "community channels on multiple"}, {"end": "00:04:06", "start": "00:04:02", "text": "occasions, and I just wanted to kind of"}, {"end": "00:04:08", "start": "00:04:03", "text": "uh comment on it a little bit more uh in"}, {"end": "00:04:10", "start": "00:04:06", "text": "more detail since we have more of the"}, {"end": "00:04:12", "start": "00:04:08", "text": "details on that. Uh we decided that"}, {"end": "00:04:14", "start": "00:04:10", "text": "we're going to hold off on this until"}, {"end": "00:04:16", "start": "00:04:12", "text": "the C4 update, but basically what Black"}, {"end": "00:04:19", "start": "00:04:14", "text": "Goo is, it's going to be an in-game"}, {"end": "00:04:21", "start": "00:04:16", "text": "reward in UEIE5. So when you complete"}, {"end": "00:04:22", "start": "00:04:19", "text": "quests, when you complete actions, when"}, {"end": "00:04:24", "start": "00:04:21", "text": "you win, you know, all these different"}, {"end": "00:04:26", "start": "00:04:22", "text": "uh activities that you participate in in"}, {"end": "00:04:28", "start": "00:04:24", "text": "UI5, mining, flying around with your"}, {"end": "00:04:29", "start": "00:04:26", "text": "ship, uh you're going to get black goo"}, {"end": "00:04:33", "start": "00:04:28", "text": "as a reward. Now, you can think of this"}, {"end": "00:04:35", "start": "00:04:29", "text": "as like almost a subcurrency within UI5."}, {"end": "00:04:37", "start": "00:04:33", "text": "So you'll see it uh tick up on your"}, {"end": "00:04:39", "start": "00:04:35", "text": "account as you play through the game. Um"}, {"end": "00:04:40", "start": "00:04:37", "text": "it won't necessarily be it's not going"}, {"end": "00:04:42", "start": "00:04:39", "text": "to be like a survey data unit. It's not"}, {"end": "00:04:44", "start": "00:04:40", "text": "going to be super super rare or scarce,"}, {"end": "00:04:48", "start": "00:04:42", "text": "but you will get it uh as a reward in"}, {"end": "00:04:51", "start": "00:04:44", "text": "the game. And the direct uh application"}, {"end": "00:04:54", "start": "00:04:48", "text": "here is that it can be used with um it"}, {"end": "00:04:57", "start": "00:04:51", "text": "can be used in Starbase, well C4 in this"}, {"end": "00:05:01", "start": "00:04:54", "text": "case, as an input to specific uh ship"}, {"end": "00:05:04", "start": "00:04:57", "text": "config recipes. But basically, each ship"}, {"end": "00:05:05", "start": "00:05:01", "text": "config will require input components and"}, {"end": "00:05:07", "start": "00:05:04", "text": "parts and missiles and all these"}, {"end": "00:05:09", "start": "00:05:05", "text": "different things that can be crafted in"}, {"end": "00:05:12", "start": "00:05:07", "text": "the rest of the game loop. Black goo,"}, {"end": "00:05:15", "start": "00:05:09", "text": "black goo will be a principal input to"}, {"end": "00:05:17", "start": "00:05:12", "text": "some of those ship parts. Um, and the"}, {"end": "00:05:18", "start": "00:05:15", "text": "idea is to make those ship parts special"}, {"end": "00:05:22", "start": "00:05:17", "text": "in a certain way in order to make black"}, {"end": "00:05:24", "start": "00:05:18", "text": "goo a very attractive input in the uh"}, {"end": "00:05:26", "start": "00:05:22", "text": "sage economy. So what this does is it"}, {"end": "00:05:28", "start": "00:05:24", "text": "makes that that input very valuable, but"}, {"end": "00:05:31", "start": "00:05:26", "text": "it can only be earned in UEI5. It cannot"}, {"end": "00:05:34", "start": "00:05:28", "text": "be earned in the the Sage main game. So,"}, {"end": "00:05:36", "start": "00:05:31", "text": "black black goo. Yeah, hopefully not."}, {"end": "00:05:38", "start": "00:05:34", "text": "Hopefully not exactly like an SDU, but"}, {"end": "00:05:40", "start": "00:05:36", "text": "uh in a way, yes, kind of an exclusive"}, {"end": "00:05:43", "start": "00:05:38", "text": "resource that can only be used uh it can"}, {"end": "00:05:45", "start": "00:05:40", "text": "only be gained uh in a specific game"}, {"end": "00:05:47", "start": "00:05:43", "text": "play function. Uh and then it'll be used"}, {"end": "00:05:49", "start": "00:05:45", "text": "in exclusive recipes that create"}, {"end": "00:05:52", "start": "00:05:47", "text": "exclusive ship configs that will be"}, {"end": "00:05:54", "start": "00:05:49", "text": "powerful in combat. And again uh"}, {"end": "00:05:58", "start": "00:05:52", "text": "referring back to one of the previous"}, {"end": "00:06:02", "start": "00:05:54", "text": "economic forum uh war will be the"}, {"end": "00:06:03", "start": "00:05:58", "text": "primary economic driving force in C4."}, {"end": "00:06:05", "start": "00:06:02", "text": ">> Will black goo be tradable like on the"}, {"end": "00:06:06", "start": "00:06:03", "text": "marketplace? Chris has a real quick"}, {"end": "00:06:09", "start": "00:06:05", "text": "answer for that. Let's check it out."}, {"end": "00:06:11", "start": "00:06:06", "text": ">> Is black goo tradeable? Uh there there's"}, {"end": "00:06:12", "start": "00:06:09", "text": "no reason that I would believe that"}, {"end": "00:06:14", "start": "00:06:11", "text": "black goo would not be tradable. That I"}, {"end": "00:06:16", "start": "00:06:12", "text": "mean that's kind of the whole point. So"}, {"end": "00:06:18", "start": "00:06:14", "text": "yeah, I mean the only person that I"}, {"end": "00:06:19", "start": "00:06:16", "text": "could see overriding that it would be"}, {"end": "00:06:21", "start": "00:06:18", "text": "Michael Wagner. I I think we're aligned"}, {"end": "00:06:24", "start": "00:06:19", "text": "there. So yeah, my understanding is that"}, {"end": "00:06:27", "start": "00:06:21", "text": "Blacku is is going to be tradable. I"}, {"end": "00:06:29", "start": "00:06:24", "text": "wouldn't have it any other way. Uh so"}, {"end": "00:06:30", "start": "00:06:27", "text": "that will create a massive labor market"}, {"end": "00:06:32", "start": "00:06:29", "text": "in U5."}, {"end": "00:06:35", "start": "00:06:30", "text": ">> Next, Chris talks about the the balance"}, {"end": "00:06:37", "start": "00:06:32", "text": "that he wants to bring between players"}, {"end": "00:06:38", "start": "00:06:35", "text": "of the stage star-based version of the"}, {"end": "00:06:40", "start": "00:06:37", "text": "game with the browser based version of"}, {"end": "00:06:43", "start": "00:06:38", "text": "the game soon to be called C4 or maybe a"}, {"end": "00:06:45", "start": "00:06:40", "text": "different name and the Unreal Engine 5"}, {"end": "00:06:46", "start": "00:06:43", "text": "players of Star Atlas cuz they're very"}, {"end": "00:06:48", "start": "00:06:45", "text": "different people. And he talks about"}, {"end": "00:06:53", "start": "00:06:46", "text": "that right here. theory crafting. The"}, {"end": "00:06:55", "start": "00:06:48", "text": "plan is of course for full onetoone um a"}, {"end": "00:06:56", "start": "00:06:53", "text": "onetoone mapping between things you can"}, {"end": "00:06:58", "start": "00:06:55", "text": "do in Sage and things you can do in U5."}, {"end": "00:07:01", "start": "00:06:56", "text": "Now that said, this is something that's"}, {"end": "00:07:03", "start": "00:06:58", "text": "always been on my mind when it comes to"}, {"end": "00:07:04", "start": "00:07:01", "text": "Sage compared to U5. There are certain"}, {"end": "00:07:06", "start": "00:07:03", "text": "things that are going to be much easier"}, {"end": "00:07:08", "start": "00:07:04", "text": "to do in Sage than in UE5, at least"}, {"end": "00:07:10", "start": "00:07:06", "text": "right now as UE5 is currently being"}, {"end": "00:07:12", "start": "00:07:08", "text": "built. Right? It's like, am I going to"}, {"end": "00:07:14", "start": "00:07:10", "text": "go out in a single ship and mine an"}, {"end": "00:07:16", "start": "00:07:12", "text": "asteroid or am I going to go into Sage"}, {"end": "00:07:18", "start": "00:07:14", "text": "and control an army of 100 ships to go"}, {"end": "00:07:21", "start": "00:07:16", "text": "mine an asteroid? I'm probably going to"}, {"end": "00:07:23", "start": "00:07:18", "text": "do the latter. So, how do we create"}, {"end": "00:07:26", "start": "00:07:21", "text": "economic incentives for UE5? I do think"}, {"end": "00:07:28", "start": "00:07:23", "text": "that exclusive uh assets that can only"}, {"end": "00:07:30", "start": "00:07:26", "text": "be earned in UE5 are going to be super"}, {"end": "00:07:32", "start": "00:07:28", "text": "valuable for creating a labor force"}, {"end": "00:07:34", "start": "00:07:30", "text": "there or a labor market there. Um, now"}, {"end": "00:07:36", "start": "00:07:32", "text": "it also goes the other direction. there"}, {"end": "00:07:38", "start": "00:07:34", "text": "going to be things in C4 or in Sage that"}, {"end": "00:07:40", "start": "00:07:36", "text": "you can only do in Sage and you can't do"}, {"end": "00:07:43", "start": "00:07:38", "text": "in"}, {"end": "00:07:44", "start": "00:07:40", "text": "that relationship because the reality is"}, {"end": "00:07:46", "start": "00:07:43", "text": "the types of people who want to"}, {"end": "00:07:48", "start": "00:07:44", "text": "participate in a game like Sage and the"}, {"end": "00:07:50", "start": "00:07:46", "text": "types of people who want to you know"}, {"end": "00:07:52", "start": "00:07:48", "text": "engage in a game like the U5 product are"}, {"end": "00:07:53", "start": "00:07:50", "text": "two totally different people. So I think"}, {"end": "00:07:55", "start": "00:07:52", "text": "it's important to appreciate that fact"}, {"end": "00:07:56", "start": "00:07:53", "text": "and uh balance their labor markets"}, {"end": "00:07:59", "start": "00:07:55", "text": "appropriately. All"}, {"end": "00:08:01", "start": "00:07:56", "text": "right. Next, Chris talks about the"}, {"end": "00:08:02", "start": "00:07:59", "text": "subtle balance, the economic balance of"}, {"end": "00:08:04", "start": "00:08:01", "text": "black goo. Like, what will incentivize"}, {"end": "00:08:06", "start": "00:08:02", "text": "people to actually mine and grind for"}, {"end": "00:08:08", "start": "00:08:04", "text": "this black goo? And if it weans off,"}, {"end": "00:08:09", "start": "00:08:06", "text": "will they come back? And let's listen to"}, {"end": "00:08:13", "start": "00:08:08", "text": "him discuss this."}, {"end": "00:08:17", "start": "00:08:09", "text": ">> There's a huge point to be made about um"}, {"end": "00:08:19", "start": "00:08:13", "text": "being able to being able to influence"}, {"end": "00:08:21", "start": "00:08:17", "text": "your, you know, your product with these"}, {"end": "00:08:24", "start": "00:08:19", "text": "types of incentives. For example, let's"}, {"end": "00:08:25", "start": "00:08:21", "text": "say that the price of a black goo is"}, {"end": "00:08:27", "start": "00:08:24", "text": "just too low. It's just not worth it."}, {"end": "00:08:29", "start": "00:08:25", "text": "the amount of work that you have to do"}, {"end": "00:08:31", "start": "00:08:27", "text": "to get black goo is not worth it. Um,"}, {"end": "00:08:34", "start": "00:08:29", "text": "fewer people will be incentivized to"}, {"end": "00:08:35", "start": "00:08:31", "text": "mine for black goo and that probably"}, {"end": "00:08:38", "start": "00:08:34", "text": "also relates to a decrease in daily"}, {"end": "00:08:40", "start": "00:08:35", "text": "active users in in UEI5. That's not a"}, {"end": "00:08:42", "start": "00:08:38", "text": "desired um that's not a desirable"}, {"end": "00:08:43", "start": "00:08:40", "text": "outcome. Now, if enough people stop"}, {"end": "00:08:45", "start": "00:08:42", "text": "playing then people will start to"}, {"end": "00:08:46", "start": "00:08:43", "text": "collect black goo again because all of a"}, {"end": "00:08:48", "start": "00:08:45", "text": "sudden it's become rare again and"}, {"end": "00:08:51", "start": "00:08:46", "text": "scarce. So there's this nice fine"}, {"end": "00:08:53", "start": "00:08:48", "text": "balance where okay the effectively the"}, {"end": "00:08:55", "start": "00:08:51", "text": "you know return to collecting black goo"}, {"end": "00:08:58", "start": "00:08:53", "text": "in UE5 is going to be some equilibrium"}, {"end": "00:09:00", "start": "00:08:55", "text": "rate and that equilibrium rate will"}, {"end": "00:09:03", "start": "00:08:58", "text": "directly will be proportional to the"}, {"end": "00:09:05", "start": "00:09:00", "text": "daily active users in UE5 at least to a"}, {"end": "00:09:06", "start": "00:09:03", "text": "certain extent right not everybody who's"}, {"end": "00:09:07", "start": "00:09:05", "text": "playing UI5 is going to be there to"}, {"end": "00:09:09", "start": "00:09:06", "text": "collect black goo they're going to be"}, {"end": "00:09:13", "start": "00:09:07", "text": "doing other things the beauty of this is"}, {"end": "00:09:16", "start": "00:09:09", "text": "a we have an ability to incentivize"}, {"end": "00:09:16", "start": "00:09:13", "text": "people to engage in this virtual"}, {"end": "00:09:19", "start": "00:09:16", "text": "environment"}, {"end": "00:09:20", "start": "00:09:16", "text": "via labor market incentives. So, that's"}, {"end": "00:09:21", "start": "00:09:19", "text": "kind of cool just in and of itself."}, {"end": "00:09:23", "start": "00:09:20", "text": "That's kind of cool. It's a lot of"}, {"end": "00:09:25", "start": "00:09:21", "text": "power. Um, but on the other hand,"}, {"end": "00:09:27", "start": "00:09:23", "text": "there's also this idea that every single"}, {"end": "00:09:29", "start": "00:09:25", "text": "time we add a new component, a new"}, {"end": "00:09:32", "start": "00:09:27", "text": "resource, something else into the game,"}, {"end": "00:09:33", "start": "00:09:29", "text": "we're creating a new I don't want to say"}, {"end": "00:09:35", "start": "00:09:32", "text": "it's a new career, but it's basically a"}, {"end": "00:09:37", "start": "00:09:33", "text": "new career. It's a new way to earn in"}, {"end": "00:09:38", "start": "00:09:35", "text": "that game, a new market. And so all of a"}, {"end": "00:09:40", "start": "00:09:37", "text": "sudden you can say, \"Oh, well, we're"}, {"end": "00:09:42", "start": "00:09:38", "text": "interested in maybe moving more people"}, {"end": "00:09:45", "start": "00:09:40", "text": "into this uh sector. So we're going to"}, {"end": "00:09:47", "start": "00:09:42", "text": "increase the um you know the the"}, {"end": "00:09:48", "start": "00:09:45", "text": "decrease the scare increase the"}, {"end": "00:09:50", "start": "00:09:47", "text": "scarcity, decrease the quantity, and all"}, {"end": "00:09:51", "start": "00:09:48", "text": "of a sudden that price will go up and"}, {"end": "00:09:54", "start": "00:09:50", "text": "we'll we'll move people around.\" So uh"}, {"end": "00:09:55", "start": "00:09:51", "text": "it's a lot of power to have over over a"}, {"end": "00:09:58", "start": "00:09:54", "text": "a virtual environment like this. Very"}, {"end": "00:09:59", "start": "00:09:55", "text": "very cool and not something that many"}, {"end": "00:10:01", "start": "00:09:58", "text": "traditional games can take advantage of"}, {"end": "00:10:04", "start": "00:09:59", "text": "in terms of the mechanic."}, {"end": "00:10:05", "start": "00:10:01", "text": ">> All right. Next, Chris talks about um"}, {"end": "00:10:08", "start": "00:10:04", "text": "how you'll, you know, acrew and gather"}, {"end": "00:10:10", "start": "00:10:05", "text": "up this black goo. And also, will you"}, {"end": "00:10:12", "start": "00:10:08", "text": "need a Star Atlas asset or will you need"}, {"end": "00:10:14", "start": "00:10:10", "text": "a crew card um in order to actually gain"}, {"end": "00:10:16", "start": "00:10:12", "text": "this black goo or can you just jump in"}, {"end": "00:10:17", "start": "00:10:14", "text": "the game and get it for free? Let's"}, {"end": "00:10:20", "start": "00:10:16", "text": "listen."}, {"end": "00:10:22", "start": "00:10:17", "text": ">> Um yeah, so so Bob pointed out goo"}, {"end": "00:10:24", "start": "00:10:20", "text": "should be skill-based and that is"}, {"end": "00:10:27", "start": "00:10:22", "text": "exactly the intention. Um so it'll"}, {"end": "00:10:30", "start": "00:10:24", "text": "honestly behave very similar to you,"}, {"end": "00:10:32", "start": "00:10:27", "text": "similarly to XP. Um, and the beautiful"}, {"end": "00:10:34", "start": "00:10:30", "text": "sneaky thing about what's going on with"}, {"end": "00:10:36", "start": "00:10:32", "text": "XP and crew is that we are able to,"}, {"end": "00:10:37", "start": "00:10:34", "text": "we're basically running an experiment"}, {"end": "00:10:40", "start": "00:10:36", "text": "right now with XP, it's going to give us"}, {"end": "00:10:42", "start": "00:10:37", "text": "a ton of information um, regarding"}, {"end": "00:10:44", "start": "00:10:40", "text": "earnings rates, how much players are"}, {"end": "00:10:47", "start": "00:10:42", "text": "able to get in a single session and in a"}, {"end": "00:10:48", "start": "00:10:44", "text": "single season, and that will inform our"}, {"end": "00:10:50", "start": "00:10:47", "text": "decisions, our design decisions around"}, {"end": "00:10:52", "start": "00:10:48", "text": "how Blacku will integrate with"}, {"end": "00:10:53", "start": "00:10:50", "text": "Starbased, i.e., how much of it should"}, {"end": "00:10:56", "start": "00:10:52", "text": "you get?"}, {"end": "00:10:56", "start": "00:10:53", "text": ">> Nice. Chris learner ask that question."}, {"end": "00:10:58", "start": "00:10:56", "text": "Mhm."}, {"end": "00:11:01", "start": "00:10:56", "text": ">> Uh this is also tied to actually only"}, {"end": "00:11:02", "start": "00:10:58", "text": "using owned assets in UI5. I presume"}, {"end": "00:11:05", "start": "00:11:01", "text": "like participating in this aspect of the"}, {"end": "00:11:08", "start": "00:11:02", "text": "economy will require the player to use"}, {"end": "00:11:10", "start": "00:11:05", "text": "status assets or any free-to-play guy"}, {"end": "00:11:12", "start": "00:11:08", "text": "can farm black goo."}, {"end": "00:11:14", "start": "00:11:10", "text": ">> That's actually a good question. I would"}, {"end": "00:11:16", "start": "00:11:12", "text": "need to get some clarity from the U5"}, {"end": "00:11:19", "start": "00:11:14", "text": "team. I know there are free characters"}, {"end": "00:11:20", "start": "00:11:16", "text": "that you can play in UI5. My preference,"}, {"end": "00:11:24", "start": "00:11:19", "text": "and I've said this on numerous"}, {"end": "00:11:25", "start": "00:11:20", "text": "occasions, I think that in order for I I"}, {"end": "00:11:28", "start": "00:11:24", "text": "do truly believe that in order for these"}, {"end": "00:11:30", "start": "00:11:25", "text": "types of economies to be uh sustainable,"}, {"end": "00:11:33", "start": "00:11:28", "text": "there has to be some skin in the game."}, {"end": "00:11:35", "start": "00:11:30", "text": "Um you don't go to your uh retirement,"}, {"end": "00:11:36", "start": "00:11:33", "text": "you know, fund manager and say, \"Hey, I"}, {"end": "00:11:38", "start": "00:11:35", "text": "want free money, please.\" They say,"}, {"end": "00:11:40", "start": "00:11:36", "text": "\"Okay, well, if you give me some money,"}, {"end": "00:11:41", "start": "00:11:38", "text": "then I can give you the money in"}, {"end": "00:11:42", "start": "00:11:40", "text": "exchange, but I can't give you free"}, {"end": "00:11:44", "start": "00:11:41", "text": "money.\" Um so, you know, I think that in"}, {"end": "00:11:46", "start": "00:11:42", "text": "order for this to be sustainable, we"}, {"end": "00:11:48", "start": "00:11:44", "text": "need that type of relationship. That's"}, {"end": "00:11:50", "start": "00:11:46", "text": "why I've always been pretty um a pretty"}, {"end": "00:11:52", "start": "00:11:48", "text": "staunch advocate that in order to earn"}, {"end": "00:11:53", "start": "00:11:50", "text": "in Starbase, you need to have a ship. I"}, {"end": "00:11:55", "start": "00:11:52", "text": "think that's a very powerful and"}, {"end": "00:11:57", "start": "00:11:53", "text": "important uh relationship. So, my"}, {"end": "00:12:00", "start": "00:11:55", "text": "preference would be that for sure you"}, {"end": "00:12:02", "start": "00:11:57", "text": "would be required to uh use a crew uh"}, {"end": "00:12:05", "start": "00:12:00", "text": "that is that was, you know, that came"}, {"end": "00:12:08", "start": "00:12:02", "text": "from a crew pack. So, an an NFT crew, a"}, {"end": "00:12:10", "start": "00:12:05", "text": "CNF crew, uh not the free crew that"}, {"end": "00:12:11", "start": "00:12:08", "text": "comes with the game. So, if you're using"}, {"end": "00:12:13", "start": "00:12:10", "text": "a free crew, you would not earn you"}, {"end": "00:12:15", "start": "00:12:11", "text": "would not accumulate Blacku. That's my"}, {"end": "00:12:16", "start": "00:12:13", "text": "strong preference."}, {"end": "00:12:18", "start": "00:12:15", "text": "All right, guys. Man, super exciting"}, {"end": "00:12:20", "start": "00:12:16", "text": "stuff. As always, make sure you hit that"}, {"end": "00:12:22", "start": "00:12:18", "text": "like button if you enjoy this video, if"}, {"end": "00:12:23", "start": "00:12:20", "text": "you enjoy this content, and make sure"}, {"end": "00:12:25", "start": "00:12:22", "text": "you're subscribed, man, because I'm"}, {"end": "00:12:26", "start": "00:12:23", "text": "putting out new Star Atlas videos all"}, {"end": "00:12:28", "start": "00:12:25", "text": "the time, and you don't want to miss"}, {"end": "00:12:30", "start": "00:12:26", "text": "out, man. I'll talk to you guys real"}, {"end": "00:12:33", "start": "00:12:28", "text": "soon. We got a town hall coming up"}, {"end": "00:12:33", "start": "00:12:30", "text": "later."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up captains and cadets? Man,"}, {"end": "00:00:06", "start": "00:00:02", "text": "we're going to jump into the brand new"}, {"end": "00:00:08", "start": "00:00:04", "text": "Unreal Engine 5 patch that was just"}, {"end": "00:00:10", "start": "00:00:06", "text": "released with the most recent Star Atlas"}, {"end": "00:00:12", "start": "00:00:08", "text": "town hall. There's some amazing things"}, {"end": "00:00:14", "start": "00:00:10", "text": "within this patch. We're looking like"}, {"end": "00:00:19", "start": "00:00:12", "text": "we're having a real game now. I'm loving"}, {"end": "00:00:19", "start": "00:00:14", "text": "it. Let's get into it. Let's go. Wow."}, {"end": "00:00:34", "start": "00:00:30", "text": "Wow. So, I'm launching the new version"}, {"end": "00:00:35", "start": "00:00:32", "text": "of the game, the new patch of the game"}, {"end": "00:00:37", "start": "00:00:34", "text": "for the first time ever. This is my"}, {"end": "00:00:38", "start": "00:00:35", "text": "first time seeing the loading screen."}, {"end": "00:00:40", "start": "00:00:37", "text": "That was awesome. Automata, the creators"}, {"end": "00:00:42", "start": "00:00:38", "text": "of Star Atlas along with all the"}, {"end": "00:00:44", "start": "00:00:40", "text": "partners of the creation of this game"}, {"end": "00:00:46", "start": "00:00:42", "text": "right there. The game is looking a lot"}, {"end": "00:00:48", "start": "00:00:44", "text": "more professional every single day. Um,"}, {"end": "00:00:50", "start": "00:00:46", "text": "and so here is the new default loading"}, {"end": "00:00:52", "start": "00:00:48", "text": "screen. This is pretty sick looking. So,"}, {"end": "00:00:54", "start": "00:00:50", "text": "this got a total face lift um since the"}, {"end": "00:00:55", "start": "00:00:52", "text": "last time I played the game. Um you can"}, {"end": "00:00:57", "start": "00:00:54", "text": "see the animated waterfall in the"}, {"end": "00:00:59", "start": "00:00:55", "text": "background, the summary type scene. You"}, {"end": "00:01:01", "start": "00:00:57", "text": "can see this little uh this is looks"}, {"end": "00:01:02", "start": "00:00:59", "text": "like um almost those little asteroids"}, {"end": "00:01:04", "start": "00:01:01", "text": "around the sun kind of look like a"}, {"end": "00:01:06", "start": "00:01:02", "text": "little homage to um the fleet command"}, {"end": "00:01:09", "start": "00:01:04", "text": "aspect of the game. So, what's up mud"}, {"end": "00:01:11", "start": "00:01:06", "text": "zonies? Woohoo! The new Unreal Engine 5"}, {"end": "00:01:14", "start": "00:01:09", "text": "patch. Um there was a trailer also um"}, {"end": "00:01:16", "start": "00:01:11", "text": "released along with this game and um at"}, {"end": "00:01:18", "start": "00:01:14", "text": "the very end of the trailer, it was said"}, {"end": "00:01:20", "start": "00:01:16", "text": "to be the new preseason patch. And so"}, {"end": "00:01:23", "start": "00:01:18", "text": "this was all given to us in the brand"}, {"end": "00:01:26", "start": "00:01:20", "text": "new um uh town hall that we just had. It"}, {"end": "00:01:27", "start": "00:01:23", "text": "is the first of three summer town halls."}, {"end": "00:01:30", "start": "00:01:26", "text": "This one concentrated all about this"}, {"end": "00:01:32", "start": "00:01:27", "text": "Unreal Engine 5 patch. Um and if you are"}, {"end": "00:01:33", "start": "00:01:30", "text": "new to Star Atlas and loving what you"}, {"end": "00:01:34", "start": "00:01:32", "text": "see, don't worry, man. You can actually"}, {"end": "00:01:36", "start": "00:01:33", "text": "play this for absolutely for free. And"}, {"end": "00:01:38", "start": "00:01:34", "text": "I'll do a little demo at the very end of"}, {"end": "00:01:40", "start": "00:01:36", "text": "the of this video. Um you guys can stick"}, {"end": "00:01:42", "start": "00:01:38", "text": "around and see how you can play the"}, {"end": "00:01:43", "start": "00:01:40", "text": "game. Um you'll start off with this um"}, {"end": "00:01:45", "start": "00:01:42", "text": "this default character and you can just"}, {"end": "00:01:46", "start": "00:01:43", "text": "actually explore the game and see if you"}, {"end": "00:01:47", "start": "00:01:45", "text": "kind of like it. Um, if you want to do"}, {"end": "00:01:48", "start": "00:01:46", "text": "some of the other things that we're"}, {"end": "00:01:50", "start": "00:01:47", "text": "going to talk about in the game, you"}, {"end": "00:01:53", "start": "00:01:48", "text": "will need a Salana based wallet and some"}, {"end": "00:01:54", "start": "00:01:50", "text": "crew cards. Um, but that's really all"}, {"end": "00:01:56", "start": "00:01:53", "text": "you really need to actually enjoy most"}, {"end": "00:01:58", "start": "00:01:54", "text": "of what we're going to talk about. Um,"}, {"end": "00:01:59", "start": "00:01:56", "text": "you can also buy some like ships that"}, {"end": "00:02:00", "start": "00:01:58", "text": "are only a couple bucks, you know, that"}, {"end": "00:02:02", "start": "00:01:59", "text": "you can actually jump on and fly, but"}, {"end": "00:02:04", "start": "00:02:00", "text": "there's a lot of demo ships all all the"}, {"end": "00:02:05", "start": "00:02:02", "text": "time here um, in this version of the"}, {"end": "00:02:07", "start": "00:02:04", "text": "game that you can just try out for free."}, {"end": "00:02:09", "start": "00:02:05", "text": "So, for the most part, you can see you"}, {"end": "00:02:11", "start": "00:02:07", "text": "can do a lot a lot just just by logging"}, {"end": "00:02:13", "start": "00:02:09", "text": "in and getting that free code from the"}, {"end": "00:02:14", "start": "00:02:11", "text": "Star Atlas Discord. So, again, hang"}, {"end": "00:02:15", "start": "00:02:13", "text": "tight at the end of the video. We'll"}, {"end": "00:02:17", "start": "00:02:14", "text": "talk about that. So, everyone else"}, {"end": "00:02:19", "start": "00:02:15", "text": "that's been around for a while, uh, man."}, {"end": "00:02:22", "start": "00:02:17", "text": "So, what do you guys think about this"}, {"end": "00:02:25", "start": "00:02:19", "text": "loading screen? Pretty awesome, huh? And"}, {"end": "00:02:26", "start": "00:02:22", "text": "what you have to do in order to now be"}, {"end": "00:02:27", "start": "00:02:25", "text": "able to level up your characters, you"}, {"end": "00:02:28", "start": "00:02:26", "text": "first have to link your wallet. So,"}, {"end": "00:02:30", "start": "00:02:27", "text": "that's what I'm going to do right here."}, {"end": "00:02:33", "start": "00:02:28", "text": "You can see my BTHooster wallet. I'm"}, {"end": "00:02:35", "start": "00:02:30", "text": "going to I'm going to uh yeah, sign on"}, {"end": "00:02:36", "start": "00:02:33", "text": "into that. All right. So, these are all"}, {"end": "00:02:38", "start": "00:02:35", "text": "my different characters that I have in"}, {"end": "00:02:39", "start": "00:02:36", "text": "this wallet. Um, and so I'm going to"}, {"end": "00:02:41", "start": "00:02:38", "text": "have to choose some guys that I'm going"}, {"end": "00:02:43", "start": "00:02:39", "text": "to have to level up. I love this green"}, {"end": "00:02:45", "start": "00:02:41", "text": "rooster right here. Um, but I think I"}, {"end": "00:02:46", "start": "00:02:43", "text": "should level up my legendary character"}, {"end": "00:02:48", "start": "00:02:45", "text": "right here. This orange one. It is a"}, {"end": "00:02:49", "start": "00:02:46", "text": "pretty slick looking outfit, too. Um, I"}, {"end": "00:02:52", "start": "00:02:48", "text": "haven't seen a lot of people using um"}, {"end": "00:02:55", "start": "00:02:49", "text": "any of uh this style. So, I think I'm"}, {"end": "00:02:56", "start": "00:02:52", "text": "going to select him to level up. Um,"}, {"end": "00:02:58", "start": "00:02:55", "text": "yep. There's a little heart right here"}, {"end": "00:03:00", "start": "00:02:56", "text": "that shows that he's been selected. And"}, {"end": "00:03:03", "start": "00:02:58", "text": "let me go look for a couple different um"}, {"end": "00:03:04", "start": "00:03:00", "text": "different ones. Um, cuz I also Oh, this"}, {"end": "00:03:07", "start": "00:03:03", "text": "guy. I like this guy a lot with his"}, {"end": "00:03:09", "start": "00:03:04", "text": "glasses. So, he's my epic ME. I'm"}, {"end": "00:03:12", "start": "00:03:07", "text": "definitely going to select him, too. See"}, {"end": "00:03:13", "start": "00:03:09", "text": "who else do I got? We got now the"}, {"end": "00:03:15", "start": "00:03:12", "text": "ladies. I feel like Star Atlas has to do"}, {"end": "00:03:16", "start": "00:03:13", "text": "some work on the ladies cuz look how"}, {"end": "00:03:18", "start": "00:03:15", "text": "cool my crew card is and look kind I"}, {"end": "00:03:19", "start": "00:03:16", "text": "don't know if I'm loving what she looks"}, {"end": "00:03:22", "start": "00:03:18", "text": "like there. But I will eventually have"}, {"end": "00:03:24", "start": "00:03:19", "text": "to level up um all the female versions"}, {"end": "00:03:27", "start": "00:03:22", "text": "of the species too. But um here is my"}, {"end": "00:03:29", "start": "00:03:24", "text": "pretty cool rare looking um mud. And so"}, {"end": "00:03:31", "start": "00:03:27", "text": "I'm going to select him too. Uh I don't"}, {"end": "00:03:33", "start": "00:03:29", "text": "think I have an epic mud, so we're going"}, {"end": "00:03:35", "start": "00:03:31", "text": "to stick with him. Now if I hit escape,"}, {"end": "00:03:36", "start": "00:03:33", "text": "I can go back to the loading screen and"}, {"end": "00:03:38", "start": "00:03:35", "text": "we see my three characters. I have"}, {"end": "00:03:40", "start": "00:03:36", "text": "chosen to level up. Loving them. Loving"}, {"end": "00:03:42", "start": "00:03:38", "text": "them. Loving them. and they look awesome"}, {"end": "00:03:44", "start": "00:03:40", "text": "with this background. Um, I'm going to"}, {"end": "00:03:45", "start": "00:03:42", "text": "have to take a screenshot of this, huh?"}, {"end": "00:03:47", "start": "00:03:44", "text": "You'll probably see that as my thumbnail"}, {"end": "00:03:49", "start": "00:03:45", "text": "because I'm loving this right here. All"}, {"end": "00:03:51", "start": "00:03:47", "text": "right, so um let's go back into our"}, {"end": "00:03:53", "start": "00:03:49", "text": "selectable characters. All right, so we"}, {"end": "00:03:55", "start": "00:03:51", "text": "have Garcia Toads right here. So he's"}, {"end": "00:03:57", "start": "00:03:53", "text": "he's one of the muds that I'm going to"}, {"end": "00:04:00", "start": "00:03:55", "text": "level up. So I'll have um Orri, I'll"}, {"end": "00:04:02", "start": "00:03:57", "text": "have Tyrugi and Garcia. Those are my"}, {"end": "00:04:04", "start": "00:04:00", "text": "first guys. It's a mud on and aster. And"}, {"end": "00:04:05", "start": "00:04:02", "text": "um we'll talk about leveling up in just"}, {"end": "00:04:06", "start": "00:04:04", "text": "a second and the rewards you can get for"}, {"end": "00:04:09", "start": "00:04:05", "text": "leveling up, but I just want to go into"}, {"end": "00:04:10", "start": "00:04:06", "text": "customization real fast. Um hopefully my"}, {"end": "00:04:13", "start": "00:04:09", "text": "head's not in the way, but if we go to"}, {"end": "00:04:16", "start": "00:04:10", "text": "customization button right here, um you"}, {"end": "00:04:18", "start": "00:04:13", "text": "can see that here Garcia um Toads um you"}, {"end": "00:04:21", "start": "00:04:16", "text": "can read a little bit about him, what he"}, {"end": "00:04:24", "start": "00:04:18", "text": "is. He's a um he's a male. His health is"}, {"end": "00:04:26", "start": "00:04:21", "text": "125. He's a human. Um his um r he's a"}, {"end": "00:04:28", "start": "00:04:24", "text": "rare rarity with a science engineering"}, {"end": "00:04:30", "start": "00:04:26", "text": "and operator for his aptitudes. Um but"}, {"end": "00:04:32", "start": "00:04:28", "text": "you can see right here are this is like"}, {"end": "00:04:34", "start": "00:04:30", "text": "what's really cool and what's new to the"}, {"end": "00:04:37", "start": "00:04:32", "text": "brand new Star Atlas update and it's our"}, {"end": "00:04:39", "start": "00:04:34", "text": "weapons loadout. So, um you start off"}, {"end": "00:04:42", "start": "00:04:37", "text": "with this GAN kinetic pistol and the um"}, {"end": "00:04:44", "start": "00:04:39", "text": "GAN kinetic auto rifle. Right now, as"}, {"end": "00:04:45", "start": "00:04:42", "text": "you level up your character, different"}, {"end": "00:04:46", "start": "00:04:44", "text": "things are going to unlock, including"}, {"end": "00:04:48", "start": "00:04:45", "text": "like different types of grenades. Um"}, {"end": "00:04:50", "start": "00:04:46", "text": "different types of shield. This bubby"}, {"end": "00:04:51", "start": "00:04:48", "text": "right here is the shield. Um the soul"}, {"end": "00:04:55", "start": "00:04:50", "text": "jetty, the palm jetty. Those are like"}, {"end": "00:04:57", "start": "00:04:51", "text": "your different um movement um uh uh what"}, {"end": "00:04:58", "start": "00:04:55", "text": "are what would you call like thrusters"}, {"end": "00:05:00", "start": "00:04:57", "text": "that basically go on your hands and your"}, {"end": "00:05:02", "start": "00:04:58", "text": "feet. Um, and as you unlock the"}, {"end": "00:05:03", "start": "00:05:00", "text": "character, more of these slots will"}, {"end": "00:05:05", "start": "00:05:02", "text": "unlock, so you can carry more and more"}, {"end": "00:05:06", "start": "00:05:03", "text": "weapons or larger weapons such as I"}, {"end": "00:05:08", "start": "00:05:05", "text": "believe they were saying that like the"}, {"end": "00:05:09", "start": "00:05:06", "text": "shotgun takes up three slots, whereas,"}, {"end": "00:05:12", "start": "00:05:08", "text": "you know, just the pistols take up one,"}, {"end": "00:05:13", "start": "00:05:09", "text": "for instance. Um, so that is super fun."}, {"end": "00:05:15", "start": "00:05:12", "text": "Um, and customization is basically just"}, {"end": "00:05:18", "start": "00:05:13", "text": "skins, which we don't have quite in the"}, {"end": "00:05:20", "start": "00:05:15", "text": "game just yet. And then we have, um,"}, {"end": "00:05:22", "start": "00:05:18", "text": "preset one, two, and three. So you can"}, {"end": "00:05:24", "start": "00:05:20", "text": "just name your different loadouts, which"}, {"end": "00:05:26", "start": "00:05:22", "text": "is a lot of fun. Um, now let's just look"}, {"end": "00:05:28", "start": "00:05:24", "text": "at the what you start off with with your"}, {"end": "00:05:30", "start": "00:05:26", "text": "shield. You start off with basically the"}, {"end": "00:05:31", "start": "00:05:28", "text": "balance bubby right here. It's"}, {"end": "00:05:33", "start": "00:05:30", "text": "basically, you know, like pretty much"}, {"end": "00:05:35", "start": "00:05:31", "text": "50% almost all of it. You have a little"}, {"end": "00:05:37", "start": "00:05:33", "text": "extra shield break regen delay. Um, but"}, {"end": "00:05:38", "start": "00:05:35", "text": "you'll be able to as you get new"}, {"end": "00:05:40", "start": "00:05:37", "text": "shields, it'll give different balance to"}, {"end": "00:05:43", "start": "00:05:38", "text": "the points, the regen rate, and the hit"}, {"end": "00:05:45", "start": "00:05:40", "text": "regen rate. Um, which is pretty cool."}, {"end": "00:05:48", "start": "00:05:43", "text": "Um, let's go back and look at now these"}, {"end": "00:05:51", "start": "00:05:45", "text": "are your feet boosters. Um, you can see"}, {"end": "00:05:53", "start": "00:05:48", "text": "right now, um, you have zero slide"}, {"end": "00:05:56", "start": "00:05:51", "text": "distance, but you have 100% dash juice"}, {"end": "00:05:59", "start": "00:05:53", "text": "cost. Um, and then you have some highs"}, {"end": "00:06:00", "start": "00:05:56", "text": "and lows. So depending on whatever um"}, {"end": "00:06:03", "start": "00:05:59", "text": "feet boosters that you get, any of those"}, {"end": "00:06:05", "start": "00:06:00", "text": "um foot thrusters um will probably take"}, {"end": "00:06:06", "start": "00:06:03", "text": "maybe might take away a little of that"}, {"end": "00:06:08", "start": "00:06:05", "text": "dash juice, but actually give you some"}, {"end": "00:06:11", "start": "00:06:06", "text": "slide distance, you know. Um oh, you"}, {"end": "00:06:13", "start": "00:06:08", "text": "also have um slide juice cost at 100%."}, {"end": "00:06:16", "start": "00:06:11", "text": "Um I'm sure that you know depending on"}, {"end": "00:06:17", "start": "00:06:13", "text": "what you you know what one you have um"}, {"end": "00:06:19", "start": "00:06:16", "text": "you know committed to your character"}, {"end": "00:06:21", "start": "00:06:17", "text": "like that might go down but some one of"}, {"end": "00:06:22", "start": "00:06:19", "text": "the other perks might go back up. Pretty"}, {"end": "00:06:24", "start": "00:06:21", "text": "fun to see. It'll be really fun to play"}, {"end": "00:06:26", "start": "00:06:22", "text": "with the different types of movements."}, {"end": "00:06:28", "start": "00:06:24", "text": "And speaking of that, there are also the"}, {"end": "00:06:29", "start": "00:06:26", "text": "palm jetties. And so that's when like"}, {"end": "00:06:31", "start": "00:06:28", "text": "when you kind of go into like superman"}, {"end": "00:06:33", "start": "00:06:29", "text": "mode and you start flying really fast."}, {"end": "00:06:35", "start": "00:06:31", "text": "So um this doesn't have as many as the"}, {"end": "00:06:37", "start": "00:06:33", "text": "feed boosters, like different things um"}, {"end": "00:06:39", "start": "00:06:35", "text": "that you can juice up or juice down, but"}, {"end": "00:06:41", "start": "00:06:37", "text": "it has the boost speed, the juice per"}, {"end": "00:06:43", "start": "00:06:39", "text": "second, and the time multiplier. And you"}, {"end": "00:06:44", "start": "00:06:41", "text": "can see the time multiplier is at 100%."}, {"end": "00:06:46", "start": "00:06:43", "text": "So I'm guessing that when you get some"}, {"end": "00:06:48", "start": "00:06:44", "text": "more boost speed or juice per second"}, {"end": "00:06:49", "start": "00:06:46", "text": "that maybe the uh the reload time"}, {"end": "00:06:52", "start": "00:06:48", "text": "multiplier might go down, but you might"}, {"end": "00:06:55", "start": "00:06:49", "text": "get those other two perks um balanced"}, {"end": "00:06:56", "start": "00:06:52", "text": "back up. So, pretty cool stuff. So, the"}, {"end": "00:06:58", "start": "00:06:55", "text": "other thing is that the um there's going"}, {"end": "00:07:00", "start": "00:06:56", "text": "to be different color modes depending on"}, {"end": "00:07:01", "start": "00:06:58", "text": "um which soul jetty and palm jetty that"}, {"end": "00:07:02", "start": "00:07:00", "text": "you put on there. So, you'll be able to"}, {"end": "00:07:04", "start": "00:07:01", "text": "kind of give your character a new look"}, {"end": "00:07:05", "start": "00:07:02", "text": "as you're playing the game. And also,"}, {"end": "00:07:06", "start": "00:07:04", "text": "you'll be able to tell if another"}, {"end": "00:07:08", "start": "00:07:05", "text": "character has one of these like special"}, {"end": "00:07:10", "start": "00:07:06", "text": "perks by um you know, the way they're"}, {"end": "00:07:11", "start": "00:07:08", "text": "flying and stuff like that, which I kind"}, {"end": "00:07:12", "start": "00:07:10", "text": "of find kind of cool because maybe you"}, {"end": "00:07:13", "start": "00:07:11", "text": "don't want to get in battle with them or"}, {"end": "00:07:15", "start": "00:07:12", "text": "if you like the way the guy is playing,"}, {"end": "00:07:17", "start": "00:07:13", "text": "his gaming style that maybe you can"}, {"end": "00:07:18", "start": "00:07:15", "text": "figure out um you know, which one of the"}, {"end": "00:07:20", "start": "00:07:17", "text": "soul jetties, palm jetties, or the"}, {"end": "00:07:21", "start": "00:07:18", "text": "combo, you know, of both that that he's"}, {"end": "00:07:23", "start": "00:07:20", "text": "actually utilizing to get the movement"}, {"end": "00:07:25", "start": "00:07:21", "text": "that he's using. So, I think that's"}, {"end": "00:07:28", "start": "00:07:23", "text": "pretty neat stuff right there. Now,"}, {"end": "00:07:30", "start": "00:07:25", "text": "let's go to the rewards."}, {"end": "00:07:32", "start": "00:07:28", "text": "So, I was talking about leveling up each"}, {"end": "00:07:33", "start": "00:07:30", "text": "of the species. If we go over here to"}, {"end": "00:07:35", "start": "00:07:32", "text": "the little cup icon or you can go up to"}, {"end": "00:07:36", "start": "00:07:33", "text": "the very top and hit it right there. You"}, {"end": "00:07:38", "start": "00:07:35", "text": "can see that by just by playing the game"}, {"end": "00:07:40", "start": "00:07:36", "text": "they're going to be doing a giveaway."}, {"end": "00:07:43", "start": "00:07:38", "text": "And I'm not I don't think it's like, you"}, {"end": "00:07:44", "start": "00:07:40", "text": "know, like you you um get to a certain"}, {"end": "00:07:46", "start": "00:07:43", "text": "point, you unlock this one, then get to"}, {"end": "00:07:48", "start": "00:07:44", "text": "a certain point, unlock this one. I I"}, {"end": "00:07:50", "start": "00:07:46", "text": "pro it most likely be a screenshot taken"}, {"end": "00:07:52", "start": "00:07:48", "text": "or a snap snapshot taken at one certain"}, {"end": "00:07:53", "start": "00:07:50", "text": "point of your character or all your"}, {"end": "00:07:55", "start": "00:07:52", "text": "characters and then they they're going"}, {"end": "00:07:56", "start": "00:07:53", "text": "to give out these rewards. Um but let's"}, {"end": "00:07:59", "start": "00:07:55", "text": "look at them right here. It says uh"}, {"end": "00:08:01", "start": "00:07:56", "text": "silver five pack. So, gain prestige"}, {"end": "00:08:03", "start": "00:07:59", "text": "level one with four different characters"}, {"end": "00:08:04", "start": "00:08:01", "text": "and you're going to get a five card crew"}, {"end": "00:08:05", "start": "00:08:03", "text": "pack. So, you'll be able to level those"}, {"end": "00:08:08", "start": "00:08:04", "text": "up one those characters up one day."}, {"end": "00:08:10", "start": "00:08:05", "text": "Right now, a silver um crew pack gives"}, {"end": "00:08:12", "start": "00:08:08", "text": "you um every, you know, anywhere from"}, {"end": "00:08:14", "start": "00:08:10", "text": "uncommon all the way up to uh anomaly um"}, {"end": "00:08:17", "start": "00:08:12", "text": "crew cards. Um most likely you're going"}, {"end": "00:08:19", "start": "00:08:14", "text": "to get kind of the lower end. Um now,"}, {"end": "00:08:21", "start": "00:08:17", "text": "the gold five card pack you will gain"}, {"end": "00:08:23", "start": "00:08:19", "text": "you you will need to gain prestige level"}, {"end": "00:08:25", "start": "00:08:21", "text": "one with eight different characters um"}, {"end": "00:08:26", "start": "00:08:23", "text": "or character groups. We'll go over what"}, {"end": "00:08:28", "start": "00:08:25", "text": "those are in just a second. Um, but that"}, {"end": "00:08:30", "start": "00:08:26", "text": "will give you a guaranteed uncommon or"}, {"end": "00:08:31", "start": "00:08:28", "text": "above by the gold packs. Then you have"}, {"end": "00:08:34", "start": "00:08:30", "text": "the platinum five card packs that'll"}, {"end": "00:08:36", "start": "00:08:31", "text": "give you a rare crew card or above. And"}, {"end": "00:08:38", "start": "00:08:34", "text": "that will be a gain prestige level one"}, {"end": "00:08:39", "start": "00:08:36", "text": "with 12 different character groups. And"}, {"end": "00:08:41", "start": "00:08:38", "text": "then a brand new one. We've never even"}, {"end": "00:08:44", "start": "00:08:39", "text": "seen these character packs before. This"}, {"end": "00:08:46", "start": "00:08:41", "text": "is the diamond five character pack. So"}, {"end": "00:08:48", "start": "00:08:44", "text": "this character pack will give you a gain"}, {"end": "00:08:50", "start": "00:08:46", "text": "prestige level 10 with 12 different"}, {"end": "00:08:52", "start": "00:08:48", "text": "character groups. Um, so this is pretty"}, {"end": "00:08:54", "start": "00:08:50", "text": "cool. So, you'll get a you'll be"}, {"end": "00:08:57", "start": "00:08:52", "text": "absolutely 100% sure you're going to get"}, {"end": "00:08:58", "start": "00:08:54", "text": "at least an epic um crew card by opening"}, {"end": "00:08:59", "start": "00:08:57", "text": "up one of these. They're definitely"}, {"end": "00:09:01", "start": "00:08:58", "text": "going to be sought after, but u the way"}, {"end": "00:09:02", "start": "00:08:59", "text": "the crew was talking, the dev crew for"}, {"end": "00:09:04", "start": "00:09:01", "text": "Star Atlas, you're going to have to"}, {"end": "00:09:06", "start": "00:09:02", "text": "really grind to get one of these uh crew"}, {"end": "00:09:08", "start": "00:09:04", "text": "packs right here. Um but, you know, I I"}, {"end": "00:09:09", "start": "00:09:06", "text": "know some guys are going to be able to"}, {"end": "00:09:11", "start": "00:09:08", "text": "do that because some guys are playing"}, {"end": "00:09:12", "start": "00:09:09", "text": "Star Atlas every single day and for"}, {"end": "00:09:13", "start": "00:09:11", "text": "hours and hours a day. A lot of them are"}, {"end": "00:09:14", "start": "00:09:12", "text": "training for different types of"}, {"end": "00:09:16", "start": "00:09:13", "text": "tournaments and stuff like that that the"}, {"end": "00:09:18", "start": "00:09:14", "text": "community throws. So, you know, I think"}, {"end": "00:09:20", "start": "00:09:16", "text": "that some of the guys will will make"}, {"end": "00:09:21", "start": "00:09:18", "text": "that grind for sure. Now, we were"}, {"end": "00:09:24", "start": "00:09:20", "text": "talking about the crew level. Like, what"}, {"end": "00:09:25", "start": "00:09:21", "text": "do you get? Um, I think my face might be"}, {"end": "00:09:27", "start": "00:09:24", "text": "in the way, but we're just going to go"}, {"end": "00:09:29", "start": "00:09:25", "text": "with it a little bit. Um, hold on one"}, {"end": "00:09:31", "start": "00:09:27", "text": "sec, actually. There we go. Now you guys"}, {"end": "00:09:34", "start": "00:09:29", "text": "can see. So, um, so um you can see right"}, {"end": "00:09:35", "start": "00:09:31", "text": "here um all the different um characters"}, {"end": "00:09:37", "start": "00:09:34", "text": "that you'd have to level up. Um, so when"}, {"end": "00:09:38", "start": "00:09:35", "text": "it was talking about, you know, four"}, {"end": "00:09:39", "start": "00:09:37", "text": "different species, five different"}, {"end": "00:09:41", "start": "00:09:38", "text": "species, you know, eight different um"}, {"end": "00:09:42", "start": "00:09:39", "text": "species. So, it's pretty much the male"}, {"end": "00:09:45", "start": "00:09:41", "text": "and female of every single one. So"}, {"end": "00:09:48", "start": "00:09:42", "text": "female human male human the male and"}, {"end": "00:09:50", "start": "00:09:45", "text": "female high punob um the um male and"}, {"end": "00:09:53", "start": "00:09:48", "text": "female mirees the male and female"}, {"end": "00:09:55", "start": "00:09:50", "text": "profound punob the male and female sian"}, {"end": "00:09:57", "start": "00:09:53", "text": "and then it is the large body for the"}, {"end": "00:09:59", "start": "00:09:55", "text": "ooster like the the um the rooster body"}, {"end": "00:10:00", "start": "00:09:57", "text": "one and two. So we have like the tank"}, {"end": "00:10:02", "start": "00:09:59", "text": "ooster and then you have the thinner"}, {"end": "00:10:04", "start": "00:10:00", "text": "rooster and then these two down here the"}, {"end": "00:10:04", "start": "00:10:02", "text": "fatality and twofa those are anomaly"}, {"end": "00:10:06", "start": "00:10:04", "text": "cards. You don't have to worry about"}, {"end": "00:10:08", "start": "00:10:04", "text": "those only a few people on the planet"}, {"end": "00:10:09", "start": "00:10:06", "text": "even own you know those cards right"}, {"end": "00:10:11", "start": "00:10:08", "text": "there. They're the most soughtafter"}, {"end": "00:10:12", "start": "00:10:09", "text": "cards in Star Atlas. So you can see at"}, {"end": "00:10:13", "start": "00:10:11", "text": "level one you get the, you know,"}, {"end": "00:10:15", "start": "00:10:12", "text": "everything that we just talked about"}, {"end": "00:10:16", "start": "00:10:13", "text": "right there. At level two, you get a"}, {"end": "00:10:18", "start": "00:10:15", "text": "starter grenade number one. So you get"}, {"end": "00:10:20", "start": "00:10:16", "text": "the grenades and then you get a GAN"}, {"end": "00:10:22", "start": "00:10:18", "text": "energy pistol. And then level um three"}, {"end": "00:10:25", "start": "00:10:20", "text": "you get the dash souls. Level four you"}, {"end": "00:10:26", "start": "00:10:22", "text": "get a um quick bubby. Level five you get"}, {"end": "00:10:28", "start": "00:10:25", "text": "turbo palms and a number two weapon"}, {"end": "00:10:31", "start": "00:10:26", "text": "slot. Number six you get a GAN scout"}, {"end": "00:10:32", "start": "00:10:28", "text": "rifle. Number seven you level seven you"}, {"end": "00:10:34", "start": "00:10:31", "text": "get power palms. Level eight you get"}, {"end": "00:10:35", "start": "00:10:32", "text": "swift souls. Level nine you get the tank"}, {"end": "00:10:38", "start": "00:10:34", "text": "bubble. And here in the middle is level"}, {"end": "00:10:40", "start": "00:10:35", "text": "10 you get the GAN energy auto rifle and"}, {"end": "00:10:42", "start": "00:10:38", "text": "the starter the second starter grenade."}, {"end": "00:10:44", "start": "00:10:40", "text": "and plus two weapon slots. So, you get"}, {"end": "00:10:46", "start": "00:10:42", "text": "two more weapon slots. And then let's go"}, {"end": "00:10:49", "start": "00:10:44", "text": "to 1112. So, as you keep leveling up,"}, {"end": "00:10:52", "start": "00:10:46", "text": "level 11 is the eco palms, 12 is sprint"}, {"end": "00:10:53", "start": "00:10:49", "text": "souls, 13 you get a kinetic shotgun. I I"}, {"end": "00:10:54", "start": "00:10:52", "text": "totally want to get at least one of my"}, {"end": "00:10:57", "start": "00:10:53", "text": "characters up to there, so I love the"}, {"end": "00:10:59", "start": "00:10:54", "text": "shotgun. Um, level 14 is the spike"}, {"end": "00:11:00", "start": "00:10:57", "text": "bubble. Level 15 are the drain palms."}, {"end": "00:11:01", "start": "00:10:59", "text": "There's a bunch of snipers out there."}, {"end": "00:11:03", "start": "00:11:00", "text": "I'm sure a lot of people are going to"}, {"end": "00:11:06", "start": "00:11:01", "text": "want. Level 16, you get the GAN sniper"}, {"end": "00:11:09", "start": "00:11:03", "text": "rifle. 17 are the eco souls. 18 is the"}, {"end": "00:11:11", "start": "00:11:06", "text": "crouch bubble. 19 is the Gatling gun."}, {"end": "00:11:14", "start": "00:11:09", "text": "And then 20 are the stealth souls, the"}, {"end": "00:11:16", "start": "00:11:11", "text": "reload palms, and the impact bubby."}, {"end": "00:11:18", "start": "00:11:14", "text": "Pretty cool stuff."}, {"end": "00:11:20", "start": "00:11:16", "text": "All right, so let's kind of like jump"}, {"end": "00:11:21", "start": "00:11:18", "text": "into a couple other things that is new"}, {"end": "00:11:24", "start": "00:11:20", "text": "to the game. So if you hit the play"}, {"end": "00:11:26", "start": "00:11:21", "text": "button right here"}, {"end": "00:11:29", "start": "00:11:24", "text": "and you go to join session, this is how"}, {"end": "00:11:31", "start": "00:11:26", "text": "you'll level up your character. Um, now"}, {"end": "00:11:33", "start": "00:11:29", "text": "it has at the moment it has matchmaking"}, {"end": "00:11:35", "start": "00:11:31", "text": "region only. And I believe that we're"}, {"end": "00:11:36", "start": "00:11:33", "text": "going to have matchmaking skill-based"}, {"end": "00:11:38", "start": "00:11:35", "text": "very very soon as more and more people"}, {"end": "00:11:40", "start": "00:11:36", "text": "start to play. But right now it is uh"}, {"end": "00:11:42", "start": "00:11:38", "text": "regional. And so I live in North America"}, {"end": "00:11:45", "start": "00:11:40", "text": "so I would want to jump into the North"}, {"end": "00:11:48", "start": "00:11:42", "text": "American weekly arena. Um and if you"}, {"end": "00:11:50", "start": "00:11:45", "text": "want to um if you want to actually have"}, {"end": "00:11:51", "start": "00:11:48", "text": "your own match, like if you want to just"}, {"end": "00:11:54", "start": "00:11:50", "text": "actually create your own match, you can"}, {"end": "00:11:57", "start": "00:11:51", "text": "at any time. So like um I can go to gun"}, {"end": "00:11:59", "start": "00:11:54", "text": "game right here and I can Oh, this is"}, {"end": "00:12:01", "start": "00:11:57", "text": "join session. Let me go back for a sec."}, {"end": "00:12:03", "start": "00:11:59", "text": "I can do host session and I can actually"}, {"end": "00:12:04", "start": "00:12:01", "text": "still create my own game, but that will"}, {"end": "00:12:05", "start": "00:12:03", "text": "not level you up. So, you can still play"}, {"end": "00:12:07", "start": "00:12:04", "text": "with all your friends. If you just want"}, {"end": "00:12:08", "start": "00:12:05", "text": "to like host a session and have a couple"}, {"end": "00:12:10", "start": "00:12:07", "text": "friends playing and stuff, you can"}, {"end": "00:12:11", "start": "00:12:08", "text": "actually do that. But, um, in order to"}, {"end": "00:12:12", "start": "00:12:10", "text": "level up your character and get all"}, {"end": "00:12:14", "start": "00:12:11", "text": "those different perks, you're going to"}, {"end": "00:12:16", "start": "00:12:12", "text": "have to play these, um, different death"}, {"end": "00:12:17", "start": "00:12:14", "text": "matches. And that's the team's doing"}, {"end": "00:12:19", "start": "00:12:16", "text": "that on purpose so they can actually"}, {"end": "00:12:20", "start": "00:12:17", "text": "funnel people all in and start, you"}, {"end": "00:12:22", "start": "00:12:19", "text": "know, like start really getting people"}, {"end": "00:12:24", "start": "00:12:20", "text": "to play all together, you know. So, the"}, {"end": "00:12:26", "start": "00:12:22", "text": "other thing is that they're going to be"}, {"end": "00:12:28", "start": "00:12:24", "text": "changing um changing out like what mode"}, {"end": "00:12:30", "start": "00:12:26", "text": "there is and like maybe what racetrack"}, {"end": "00:12:32", "start": "00:12:28", "text": "and what map. So, right now they're"}, {"end": "00:12:34", "start": "00:12:30", "text": "doing team deathmatch for this very"}, {"end": "00:12:35", "start": "00:12:32", "text": "moment at Pisoul's Arena or you are"}, {"end": "00:12:37", "start": "00:12:34", "text": "actually going to be playing the race"}, {"end": "00:12:40", "start": "00:12:35", "text": "mode and you're going to be playing in"}, {"end": "00:12:41", "start": "00:12:37", "text": "the very new map which is the um Exonod"}, {"end": "00:12:44", "start": "00:12:40", "text": "map. I think that's how you pronounce"}, {"end": "00:12:46", "start": "00:12:41", "text": "it. Um so, only six people per race but"}, {"end": "00:12:48", "start": "00:12:44", "text": "16 people per match. Um I want to join"}, {"end": "00:12:50", "start": "00:12:46", "text": "the session just for a second. Um let's"}, {"end": "00:12:51", "start": "00:12:48", "text": "do it. I hope I don't screw up the"}, {"end": "00:12:53", "start": "00:12:50", "text": "people that are playing. Um, I'm just"}, {"end": "00:12:54", "start": "00:12:51", "text": "going to jump in. I have not played in"}, {"end": "00:12:55", "start": "00:12:53", "text": "so long. I almost don't even remember"}, {"end": "00:12:56", "start": "00:12:54", "text": "what the buttons are. It's been like 2"}, {"end": "00:12:58", "start": "00:12:55", "text": "months since I've played and I've been"}, {"end": "00:12:59", "start": "00:12:56", "text": "playing some other games. So, I might"}, {"end": "00:13:00", "start": "00:12:58", "text": "get all confused in the buttons, but um,"}, {"end": "00:13:02", "start": "00:12:59", "text": "we are going to see if we can just like"}, {"end": "00:13:06", "start": "00:13:00", "text": "see if there's a match going on in North"}, {"end": "00:13:06", "start": "00:13:02", "text": "America here. It looks like there is."}, {"end": "00:13:11", "start": "00:13:06", "text": "And we want we have Oh, blue or red. I"}, {"end": "00:13:14", "start": "00:13:09", "text": "guess we have a choice. Uh, we're going"}, {"end": "00:13:18", "start": "00:13:11", "text": "to three of each. So, here is the new Pi"}, {"end": "00:13:20", "start": "00:13:14", "text": "Zuels Arena map."}, {"end": "00:13:21", "start": "00:13:18", "text": "Pull out my weapon."}, {"end": "00:13:24", "start": "00:13:20", "text": "It's looking beautiful. We're going to"}, {"end": "00:13:26", "start": "00:13:21", "text": "explore this in just a second. I just uh"}, {"end": "00:13:29", "start": "00:13:24", "text": "Look at that. There's your You can see"}, {"end": "00:13:32", "start": "00:13:26", "text": "when you do the um the jump, you have"}, {"end": "00:13:35", "start": "00:13:29", "text": "palms. Hold on one sec. The Superman"}, {"end": "00:13:35", "start": "00:13:32", "text": "glide right here."}, {"end": "00:13:41", "start": "00:13:35", "text": "All right. So, this is the new map for"}, {"end": "00:13:43", "start": "00:13:40", "text": "looking sweet. This is my first time I"}, {"end": "00:13:45", "start": "00:13:41", "text": "actually got to see it."}, {"end": "00:13:47", "start": "00:13:43", "text": "There's 5 minutes left in the game. I"}, {"end": "00:13:49", "start": "00:13:45", "text": "guess you could just destroy some of the"}, {"end": "00:13:52", "start": "00:13:47", "text": "stuff. Maybe not that pillar. I saw in"}, {"end": "00:13:53", "start": "00:13:49", "text": "the town hall Dominic was destroying"}, {"end": "00:13:55", "start": "00:13:52", "text": "some different pillars. Maybe it's these"}, {"end": "00:13:59", "start": "00:13:53", "text": "ones right here."}, {"end": "00:14:01", "start": "00:13:55", "text": "Oh yeah, look at that. Super cool. Look"}, {"end": "00:14:02", "start": "00:13:59", "text": "at the uh all the textures and stuff"}, {"end": "00:14:03", "start": "00:14:01", "text": "they've added to this. If you like have"}, {"end": "00:14:04", "start": "00:14:02", "text": "been playing this from the very"}, {"end": "00:14:07", "start": "00:14:03", "text": "beginning, it was just like basically"}, {"end": "00:14:08", "start": "00:14:04", "text": "blocked out with some just like really"}, {"end": "00:14:11", "start": "00:14:07", "text": "simple mapping colors and now this is"}, {"end": "00:14:12", "start": "00:14:08", "text": "like cinematic. My god, look at the"}, {"end": "00:14:15", "start": "00:14:11", "text": "reflections in the water and stuff. This"}, {"end": "00:14:17", "start": "00:14:12", "text": "is awesome, dude."}, {"end": "00:14:19", "start": "00:14:15", "text": "I haven't come across any uh any bad"}, {"end": "00:14:20", "start": "00:14:17", "text": "guys yet. Oh man, even this looks"}, {"end": "00:14:23", "start": "00:14:19", "text": "different. This is cool. These these are"}, {"end": "00:14:25", "start": "00:14:20", "text": "like the little boosters."}, {"end": "00:14:28", "start": "00:14:23", "text": "Oh, and so these right here, what were"}, {"end": "00:14:29", "start": "00:14:25", "text": "they called? If you have the purple, the"}, {"end": "00:14:31", "start": "00:14:28", "text": "bullets right here that are purple, they"}, {"end": "00:14:34", "start": "00:14:29", "text": "give you an extra um I think they're"}, {"end": "00:14:35", "start": "00:14:31", "text": "called omnis or something like that. If"}, {"end": "00:14:37", "start": "00:14:34", "text": "you have a special weapon that gives you"}, {"end": "00:14:38", "start": "00:14:35", "text": "ammo, but if you just have like a pistol"}, {"end": "00:14:41", "start": "00:14:37", "text": "like mine, that gives you an extra clip."}, {"end": "00:14:43", "start": "00:14:38", "text": "So you get actually more bullets in your"}, {"end": "00:14:47", "start": "00:14:41", "text": "clip by getting those purple ones where"}, {"end": "00:14:47", "start": "00:14:43", "text": "this just gives you regular ammo."}, {"end": "00:14:51", "start": "00:14:48", "text": "Man, loving this. So I'll do some more"}, {"end": "00:14:54", "start": "00:14:50", "text": "videos on this in the future. I just"}, {"end": "00:14:57", "start": "00:14:51", "text": "look at this, man. The pond. Oh boy. Oh"}, {"end": "00:14:57", "start": "00:14:54", "text": "boy."}, {"end": "00:15:06", "start": "00:14:58", "text": "Hold on. I'm in a"}, {"end": "00:15:06", "start": "00:15:02", "text": "Haven't played in so long, man. Ah,"}, {"end": "00:15:10", "start": "00:15:07", "text": "help me. Help me."}, {"end": "00:15:20", "start": "00:15:12", "text": "Oh my god. Where'd he go? Where'd he go?"}, {"end": "00:15:22", "start": "00:15:16", "text": "Thanks. Thanks, Crash Man. Dude,"}, {"end": "00:15:24", "start": "00:15:20", "text": "looks like Oni's wiping the floor with"}, {"end": "00:15:27", "start": "00:15:22", "text": "mud right now. 2427. You can see the"}, {"end": "00:15:27", "start": "00:15:24", "text": "score at the top."}, {"end": "00:15:34", "start": "00:15:30", "text": "That was kind of fun, dude. I'm going to"}, {"end": "00:15:35", "start": "00:15:31", "text": "have to start. Oh, you're dead."}, {"end": "00:15:36", "start": "00:15:34", "text": "All right, guys. Guys, I might finish"}, {"end": "00:15:38", "start": "00:15:35", "text": "this just for the fun cuz I don't I want"}, {"end": "00:15:41", "start": "00:15:36", "text": "to get the XP and I don't want to Oh my"}, {"end": "00:15:43", "start": "00:15:38", "text": "god. I don't want to like hurt my uh my"}, {"end": "00:15:44", "start": "00:15:41", "text": "partners here. But uh I'll be back and"}, {"end": "00:15:47", "start": "00:15:43", "text": "we'll go explore something else that's"}, {"end": "00:15:49", "start": "00:15:44", "text": "new in the game."}, {"end": "00:15:52", "start": "00:15:47", "text": "No way. Ble is in the lobby. He's a"}, {"end": "00:15:54", "start": "00:15:49", "text": "content creator for uh What's up,"}, {"end": "00:15:58", "start": "00:15:52", "text": "Belshi? He's a content creator for um"}, {"end": "00:15:58", "start": "00:15:54", "text": "for Wilder Worlds. That's awesome, man."}, {"end": "00:16:05", "start": "00:16:01", "text": "That's it. So, let's see if I get some"}, {"end": "00:16:07", "start": "00:16:03", "text": "XP."}, {"end": "00:16:10", "start": "00:16:05", "text": "I got my score was zero. I did terrible."}, {"end": "00:16:12", "start": "00:16:07", "text": "But let's see. Do I get any XP?"}, {"end": "00:16:15", "start": "00:16:10", "text": "270 XP just for kind of doing absolutely"}, {"end": "00:16:17", "start": "00:16:12", "text": "nothing but running around."}, {"end": "00:16:19", "start": "00:16:15", "text": "That was cool to see Belly, man."}, {"end": "00:16:21", "start": "00:16:17", "text": "Awesome. Welcome to my channel, buddy."}, {"end": "00:16:23", "start": "00:16:19", "text": "All right. So, and the next thing that"}, {"end": "00:16:25", "start": "00:16:21", "text": "they added to this new patch is this new"}, {"end": "00:16:26", "start": "00:16:23", "text": "um this Exonod um racing map. So, we"}, {"end": "00:16:29", "start": "00:16:25", "text": "might as well try that, too. So, we'll"}, {"end": "00:16:30", "start": "00:16:26", "text": "go to North America weekly racing and"}, {"end": "00:16:32", "start": "00:16:29", "text": "see how I do. Now, the last time I"}, {"end": "00:16:34", "start": "00:16:30", "text": "played a racing map was probably like 3"}, {"end": "00:16:37", "start": "00:16:32", "text": "months ago. So, this is going to be"}, {"end": "00:16:37", "start": "00:16:34", "text": "laughable."}, {"end": "00:16:42", "start": "00:16:38", "text": "All right, so this map is um super"}, {"end": "00:16:43", "start": "00:16:41", "text": "simple blockouts. They said they're"}, {"end": "00:16:44", "start": "00:16:42", "text": "going to be adding a lot more textures"}, {"end": "00:16:46", "start": "00:16:43", "text": "and stuff, stuff like that in the"}, {"end": "00:16:47", "start": "00:16:44", "text": "future, but it's pretty cool that we"}, {"end": "00:16:50", "start": "00:16:46", "text": "have a new map. I'm going to choose this"}, {"end": "00:16:53", "start": "00:16:47", "text": "good um"}, {"end": "00:16:54", "start": "00:16:50", "text": "so set ship. So, just in case you don't"}, {"end": "00:16:56", "start": "00:16:53", "text": "know, you walk up to one of these little"}, {"end": "00:16:58", "start": "00:16:54", "text": "consoles right here, and you hit F to"}, {"end": "00:16:59", "start": "00:16:56", "text": "interact, and then that's how you can"}, {"end": "00:17:01", "start": "00:16:58", "text": "choose um different ships. So, they give"}, {"end": "00:17:03", "start": "00:16:59", "text": "you a couple to demo, but also if you"}, {"end": "00:17:06", "start": "00:17:01", "text": "have um some in your wallet, you can"}, {"end": "00:17:07", "start": "00:17:03", "text": "choose those, too. So, let's jump in"}, {"end": "00:17:09", "start": "00:17:06", "text": "here."}, {"end": "00:17:10", "start": "00:17:07", "text": "We'll go over that at the end. If you're"}, {"end": "00:17:12", "start": "00:17:09", "text": "new to Star Atlas, also you can hang"}, {"end": "00:17:16", "start": "00:17:10", "text": "tight. Um so, where is the starting"}, {"end": "00:17:19", "start": "00:17:12", "text": "line? I think it's right here."}, {"end": "00:17:21", "start": "00:17:16", "text": "Here we go. I think this is it. 30"}, {"end": "00:17:23", "start": "00:17:19", "text": "seconds to see if someone joins. Looks"}, {"end": "00:17:26", "start": "00:17:21", "text": "like I have a buddy right here, Vitali"}, {"end": "00:17:29", "start": "00:17:23", "text": "Kuzerb. And maybe he's trying to figure"}, {"end": "00:17:31", "start": "00:17:26", "text": "it out. Okay, here we go. Here we go. 3"}, {"end": "00:17:34", "start": "00:17:29", "text": "2 1."}, {"end": "00:17:36", "start": "00:17:31", "text": "Don't make fun of me, guys."}, {"end": "00:17:39", "start": "00:17:34", "text": "Like I said, it's been months since I"}, {"end": "00:17:39", "start": "00:17:36", "text": "raced."}, {"end": "00:17:42", "start": "00:17:39", "text": "If you're been around my channel too for"}, {"end": "00:17:44", "start": "00:17:41", "text": "a while, you'll know Oh, he's Oh, what"}, {"end": "00:17:46", "start": "00:17:42", "text": "is he on? Can I shoot him? No, I can't"}, {"end": "00:17:47", "start": "00:17:44", "text": "shoot him. But if you've been around my"}, {"end": "00:17:49", "start": "00:17:46", "text": "channel for a while, you also know that"}, {"end": "00:17:51", "start": "00:17:47", "text": "I'm actually new to playing um computer"}, {"end": "00:17:53", "start": "00:17:49", "text": "games, PC games. So, I I usually play"}, {"end": "00:17:56", "start": "00:17:51", "text": "console games, but I'm training myself"}, {"end": "00:17:58", "start": "00:17:53", "text": "how to use the mouse and keyboard. Um,"}, {"end": "00:17:59", "start": "00:17:56", "text": "I'm actually I feel like I Boy, this is"}, {"end": "00:18:00", "start": "00:17:58", "text": "like riding a bike. I haven't play Like"}, {"end": "00:18:02", "start": "00:17:59", "text": "I said, I haven't raced in a while, but"}, {"end": "00:18:04", "start": "00:18:00", "text": "uh I guess I'm getting used to a little"}, {"end": "00:18:06", "start": "00:18:02", "text": "more the keyboard mouse style of"}, {"end": "00:18:09", "start": "00:18:04", "text": "playing, man. How do I beat this dude?"}, {"end": "00:18:11", "start": "00:18:06", "text": "Come on. I want to be second place out"}, {"end": "00:18:13", "start": "00:18:09", "text": "of two people. That's last place, right?"}, {"end": "00:18:17", "start": "00:18:11", "text": "Oh jeez. Oh, killing it on a checkpoint."}, {"end": "00:18:17", "start": "00:18:13", "text": "Here we go."}, {"end": "00:18:22", "start": "00:18:17", "text": "I like this map, man. This is going to"}, {"end": "00:18:24", "start": "00:18:19", "text": "be sweet when it's textured out. So, uh"}, {"end": "00:18:26", "start": "00:18:22", "text": "this is the Sagnian. Um the this is"}, {"end": "00:18:27", "start": "00:18:24", "text": "we're on the on central space station"}, {"end": "00:18:30", "start": "00:18:26", "text": "and what we're racing through right now"}, {"end": "00:18:34", "start": "00:18:27", "text": "is the Sagnian district. Um which is one"}, {"end": "00:18:36", "start": "00:18:30", "text": "of the alien races of Star Atlas. One of"}, {"end": "00:18:38", "start": "00:18:34", "text": "the oni so it's the oni faction is"}, {"end": "00:18:41", "start": "00:18:36", "text": "aliens. The mud faction are the humans."}, {"end": "00:18:43", "start": "00:18:38", "text": "The user faction are the um sentient"}, {"end": "00:18:44", "start": "00:18:41", "text": "androids. And when you have the oni"}, {"end": "00:18:47", "start": "00:18:43", "text": "faction they actually have multi-races"}, {"end": "00:18:50", "start": "00:18:44", "text": "underneath their uh underneath their"}, {"end": "00:18:52", "start": "00:18:47", "text": "umbrella of uh of their faction. So they"}, {"end": "00:18:55", "start": "00:18:50", "text": "have sagnians, they have mice, and they"}, {"end": "00:18:57", "start": "00:18:52", "text": "have high punabs and profound punabs."}, {"end": "00:18:59", "start": "00:18:55", "text": "And punabs are these like little tiny"}, {"end": "00:19:02", "start": "00:18:57", "text": "like groundhog looking creatures or"}, {"end": "00:19:02", "start": "00:18:59", "text": "raccoon looking creatures."}, {"end": "00:19:07", "start": "00:19:03", "text": "Basically just following my boy right"}, {"end": "00:19:11", "start": "00:19:06", "text": "here."}, {"end": "00:19:14", "start": "00:19:07", "text": "He's totally going to smoke me, but"}, {"end": "00:19:15", "start": "00:19:11", "text": "we'll gain XP, right?"}, {"end": "00:19:17", "start": "00:19:14", "text": "And that's what we want. We want to"}, {"end": "00:19:20", "start": "00:19:15", "text": "level up our character by playing a"}, {"end": "00:19:22", "start": "00:19:17", "text": "whole bunch of all these different uh"}, {"end": "00:19:26", "start": "00:19:20", "text": "these different rounds as much as we can"}, {"end": "00:19:26", "start": "00:19:22", "text": "so we can get those free crew packs."}, {"end": "00:19:39", "start": "00:19:35", "text": "We don't follow templates, rewrite the"}, {"end": "00:19:41", "start": "00:19:37", "text": "frame. While the chase clout, we upgrade"}, {"end": "00:19:42", "start": "00:19:39", "text": "the game from Galia's dust to a titan's"}, {"end": "00:19:44", "start": "00:19:41", "text": "chrome. Every pixel impulse says we own"}, {"end": "00:19:46", "start": "00:19:42", "text": "this zone. You wanted a logo, we gave"}, {"end": "00:19:48", "start": "00:19:44", "text": "you a brand, a dashboard. Now, here's a"}, {"end": "00:19:49", "start": "00:19:46", "text": "city that stands. Need a patch. We built"}, {"end": "00:19:52", "start": "00:19:48", "text": "a plan. Then dressed your code in a"}, {"end": "00:19:56", "start": "00:19:49", "text": "satin glam. We're not the norm. With a"}, {"end": "00:20:00", "start": "00:19:52", "text": "twist, you miss with grinning in neon"}, {"end": "00:20:03", "start": "00:19:56", "text": "mist. They said to"}, {"end": "00:20:07", "start": "00:20:00", "text": "correct now"}, {"end": "00:20:07", "start": "00:20:03", "text": "to connect."}, {"end": "00:20:13", "start": "00:20:08", "text": "We submers"}, {"end": "00:20:17", "start": "00:20:10", "text": "we convert them while they turn. We ship"}, {"end": "00:20:21", "start": "00:20:13", "text": "the dream with the lines in a laser"}, {"end": "00:20:27", "start": "00:20:17", "text": "beam. They sell your features. We craft"}, {"end": "00:20:27", "start": "00:20:21", "text": "this and leave them in second."}, {"end": "00:20:35", "start": "00:20:27", "text": "We raise them"}, {"end": "00:20:35", "start": "00:20:30", "text": "in time and reach the star."}, {"end": "00:20:46", "start": "00:20:39", "text": "Oh man, I lost. I got killed. Vitali"}, {"end": "00:20:48", "start": "00:20:44", "text": "Kusenb killed me. But I still got some"}, {"end": "00:20:51", "start": "00:20:46", "text": "points. Some XP points given to me. Give"}, {"end": "00:20:54", "start": "00:20:48", "text": "me some XP points. Let's see what I got."}, {"end": "00:20:56", "start": "00:20:51", "text": "106. Not bad, man. I'm growing. I'm"}, {"end": "00:20:58", "start": "00:20:54", "text": "growing. So, if I play this, you know,"}, {"end": "00:21:00", "start": "00:20:56", "text": "if I grind for maybe a couple hours, uh"}, {"end": "00:21:02", "start": "00:20:58", "text": "I definitely can get to uh the level two"}, {"end": "00:21:04", "start": "00:21:00", "text": "rank, I would assume, um pretty pretty"}, {"end": "00:21:07", "start": "00:21:02", "text": "quickly. So, I'm I'm sure it gets harder"}, {"end": "00:21:08", "start": "00:21:04", "text": "and harder. So, I need 750 XP to get to"}, {"end": "00:21:10", "start": "00:21:07", "text": "level two. Um, I'm sure like level three"}, {"end": "00:21:10", "start": "00:21:08", "text": "will be a little bit more than that."}, {"end": "00:21:13", "start": "00:21:10", "text": "Level four will be a little bit. You"}, {"end": "00:21:15", "start": "00:21:10", "text": "know how games go. So, um, cool stuff"}, {"end": "00:21:17", "start": "00:21:13", "text": "though so far. All right. And so, the"}, {"end": "00:21:19", "start": "00:21:15", "text": "the last thing I think the last major"}, {"end": "00:21:22", "start": "00:21:17", "text": "thing that they added to this new patch"}, {"end": "00:21:23", "start": "00:21:19", "text": "is if we enter Gallalia. So, we're going"}, {"end": "00:21:25", "start": "00:21:22", "text": "to Oh, look at this new loading screen."}, {"end": "00:21:26", "start": "00:21:23", "text": "I haven't seen this one yet. Um, so"}, {"end": "00:21:28", "start": "00:21:25", "text": "we're going to jump into Galia. Gallia"}, {"end": "00:21:30", "start": "00:21:26", "text": "is kind of the exploration side of the"}, {"end": "00:21:32", "start": "00:21:28", "text": "game. And we have quests now to make it"}, {"end": "00:21:34", "start": "00:21:30", "text": "like feel a little bit more gamified."}, {"end": "00:21:35", "start": "00:21:32", "text": "And so, what we are going to do is jump"}, {"end": "00:21:38", "start": "00:21:34", "text": "on in. and we're going to select one of"}, {"end": "00:21:39", "start": "00:21:35", "text": "our ships. And hopefully I have the X5."}, {"end": "00:21:41", "start": "00:21:38", "text": "Um, that's what they use in the demo,"}, {"end": "00:21:43", "start": "00:21:39", "text": "but I actually have one also. And when"}, {"end": "00:21:45", "start": "00:21:41", "text": "we first could load the X5, it didn't"}, {"end": "00:21:50", "start": "00:21:43", "text": "have all its animations, but now it"}, {"end": "00:21:52", "start": "00:21:45", "text": "does. So, this is the X5 game."}, {"end": "00:21:54", "start": "00:21:50", "text": "Walk up to the ship. It looks sweet with"}, {"end": "00:21:57", "start": "00:21:52", "text": "all its beautiful animations. We are"}, {"end": "00:22:02", "start": "00:21:54", "text": "going to sit in it. And now we can take"}, {"end": "00:22:05", "start": "00:21:57", "text": "off. And we are in Galia. Woohoo. All"}, {"end": "00:22:07", "start": "00:22:02", "text": "right. So, you can see that I am in the"}, {"end": "00:22:09", "start": "00:22:05", "text": "X5. I'm in the loosey goosey mode."}, {"end": "00:22:11", "start": "00:22:07", "text": "Basically, just the regular mode. Um, if"}, {"end": "00:22:13", "start": "00:22:09", "text": "you use the number pad, you can go to um"}, {"end": "00:22:15", "start": "00:22:11", "text": "the different animations it has or the"}, {"end": "00:22:18", "start": "00:22:13", "text": "different stances it has. So, let's see."}, {"end": "00:22:20", "start": "00:22:15", "text": "One is combat."}, {"end": "00:22:21", "start": "00:22:18", "text": "So, all our dudes are kind kind of"}, {"end": "00:22:24", "start": "00:22:20", "text": "pointing forward now with this ship,"}, {"end": "00:22:25", "start": "00:22:21", "text": "which is pretty cool. Uh, let's see. Hit"}, {"end": "00:22:28", "start": "00:22:24", "text": "two a few times. Now, we're in shield"}, {"end": "00:22:29", "start": "00:22:25", "text": "mode. Also, it's shooting in a whole"}, {"end": "00:22:30", "start": "00:22:28", "text": "bunch of directions. So, if you're"}, {"end": "00:22:32", "start": "00:22:29", "text": "actually getting like attacked, that's"}, {"end": "00:22:36", "start": "00:22:30", "text": "pretty cool, right? attacked on all"}, {"end": "00:22:37", "start": "00:22:32", "text": "sides. And if we hit three, this is"}, {"end": "00:22:41", "start": "00:22:36", "text": "booster mode and actually ends up"}, {"end": "00:22:44", "start": "00:22:37", "text": "shooting behind you and forward too."}, {"end": "00:22:45", "start": "00:22:41", "text": "And then I think and then four, I guess."}, {"end": "00:22:46", "start": "00:22:44", "text": "So that's four different modes, right?"}, {"end": "00:22:50", "start": "00:22:45", "text": "And then four brings you back to like"}, {"end": "00:22:52", "start": "00:22:46", "text": "your the the uh default stance. Um now"}, {"end": "00:22:54", "start": "00:22:50", "text": "let's go back to combat for a sec. Um if"}, {"end": "00:22:56", "start": "00:22:52", "text": "you hit V, there's this new um"}, {"end": "00:22:57", "start": "00:22:54", "text": "crosshairs mode right here, which you"}, {"end": "00:22:59", "start": "00:22:56", "text": "know what you can actually see. You can"}, {"end": "00:23:00", "start": "00:22:57", "text": "it's kind of showing you as you're"}, {"end": "00:23:01", "start": "00:22:59", "text": "dragging where you're going to be"}, {"end": "00:23:03", "start": "00:23:00", "text": "shooting."}, {"end": "00:23:05", "start": "00:23:01", "text": "I love that. I played a few different"}, {"end": "00:23:06", "start": "00:23:03", "text": "space games that has that. That actually"}, {"end": "00:23:08", "start": "00:23:05", "text": "help. It's going to help me a lot"}, {"end": "00:23:09", "start": "00:23:06", "text": "actually personally. So you can, you"}, {"end": "00:23:11", "start": "00:23:08", "text": "know, like as you're trying to fly and"}, {"end": "00:23:11", "start": "00:23:09", "text": "trying to, you know, like control all"}, {"end": "00:23:13", "start": "00:23:11", "text": "the different things that you're trying"}, {"end": "00:23:15", "start": "00:23:11", "text": "to fly, at least you can, you know, kind"}, {"end": "00:23:16", "start": "00:23:13", "text": "of aim like where you're going to be"}, {"end": "00:23:18", "start": "00:23:15", "text": "aiming at least. You know what I mean?"}, {"end": "00:23:20", "start": "00:23:16", "text": "As you're trying to follow another ship"}, {"end": "00:23:21", "start": "00:23:18", "text": "that's going after you. Um, so now let's"}, {"end": "00:23:23", "start": "00:23:20", "text": "actually go into what I was talking"}, {"end": "00:23:24", "start": "00:23:21", "text": "about the gamified mode. So let me"}, {"end": "00:23:26", "start": "00:23:23", "text": "figure out how to do that first. Hold"}, {"end": "00:23:28", "start": "00:23:24", "text": "on. All right guys, I've realized that"}, {"end": "00:23:30", "start": "00:23:26", "text": "you need to be on a base in order to"}, {"end": "00:23:31", "start": "00:23:28", "text": "actually um get the different missions."}, {"end": "00:23:32", "start": "00:23:30", "text": "So, when you first start off and you're"}, {"end": "00:23:34", "start": "00:23:31", "text": "on one of the on this base or if you"}, {"end": "00:23:36", "start": "00:23:32", "text": "land on any of the bases on the planets,"}, {"end": "00:23:37", "start": "00:23:34", "text": "you can hit the tab key and then then"}, {"end": "00:23:38", "start": "00:23:36", "text": "that, you know, the base pops up with"}, {"end": "00:23:40", "start": "00:23:37", "text": "all the different things you can do. So,"}, {"end": "00:23:42", "start": "00:23:38", "text": "you can buy and sell different types of"}, {"end": "00:23:43", "start": "00:23:40", "text": "ore. So, I already did a video where I"}, {"end": "00:23:45", "start": "00:23:42", "text": "went out there and played the mini game"}, {"end": "00:23:48", "start": "00:23:43", "text": "where you can actually start mining for"}, {"end": "00:23:50", "start": "00:23:45", "text": "ore. Um, so you then bring it back here"}, {"end": "00:23:52", "start": "00:23:48", "text": "and you can sell it or you can buy some"}, {"end": "00:23:55", "start": "00:23:50", "text": "um and sell it at a different base, do"}, {"end": "00:23:57", "start": "00:23:52", "text": "some arbitrage, you know, um refill uh"}, {"end": "00:23:58", "start": "00:23:55", "text": "refuel, rearm, forge. So, if you have"}, {"end": "00:24:00", "start": "00:23:57", "text": "the ore, you can forge it in iron,"}, {"end": "00:24:02", "start": "00:23:58", "text": "copper, steel, titanium, maybe make more"}, {"end": "00:24:03", "start": "00:24:00", "text": "money. Um, and then data. If you find"}, {"end": "00:24:05", "start": "00:24:02", "text": "some data out there, I believe you can"}, {"end": "00:24:06", "start": "00:24:03", "text": "sell it here. Um, sell it here maybe. Or"}, {"end": "00:24:08", "start": "00:24:05", "text": "if there's data for sale, you can buy it"}, {"end": "00:24:09", "start": "00:24:06", "text": "here. Not sure. Um, don't know about"}, {"end": "00:24:11", "start": "00:24:08", "text": "that one. I'll have to play around with"}, {"end": "00:24:12", "start": "00:24:09", "text": "it. But missions. Um, so we start off"}, {"end": "00:24:14", "start": "00:24:11", "text": "with the delivery missions. So, these"}, {"end": "00:24:15", "start": "00:24:12", "text": "are the different missions, and you can"}, {"end": "00:24:18", "start": "00:24:14", "text": "read about them, see how much credits"}, {"end": "00:24:19", "start": "00:24:15", "text": "you're going to get per mission. Um, and"}, {"end": "00:24:21", "start": "00:24:18", "text": "you can see right here, this is the"}, {"end": "00:24:24", "start": "00:24:19", "text": "bases that you have to go to. So, Sea of"}, {"end": "00:24:27", "start": "00:24:21", "text": "Leaves is the name of one. Sai Siren"}, {"end": "00:24:29", "start": "00:24:24", "text": "Retreat. um oa okcatraz prison um"}, {"end": "00:24:31", "start": "00:24:27", "text": "manacor bizaar so on and on you accept"}, {"end": "00:24:34", "start": "00:24:29", "text": "those I believe that um the stock will"}, {"end": "00:24:35", "start": "00:24:31", "text": "be put into your ship um and then you"}, {"end": "00:24:37", "start": "00:24:34", "text": "can deliver it um either that or you"}, {"end": "00:24:38", "start": "00:24:35", "text": "have to buy the stuff but I think that"}, {"end": "00:24:41", "start": "00:24:37", "text": "that might be requisition is buying it"}, {"end": "00:24:43", "start": "00:24:38", "text": "I'm not sure um so if you have to"}, {"end": "00:24:45", "start": "00:24:41", "text": "transport arco for instance you'd have"}, {"end": "00:24:47", "start": "00:24:43", "text": "um let's see I believe that again it"}, {"end": "00:24:48", "start": "00:24:45", "text": "would be put in it cuz I don't even"}, {"end": "00:24:50", "start": "00:24:47", "text": "think you can buy it so you can't even"}, {"end": "00:24:53", "start": "00:24:48", "text": "buy it right here so that is I think how"}, {"end": "00:24:54", "start": "00:24:50", "text": "that one would work and data data must"}, {"end": "00:24:56", "start": "00:24:53", "text": "be the same thing it must be put into"}, {"end": "00:24:58", "start": "00:24:54", "text": "your ship and then you have to go"}, {"end": "00:25:00", "start": "00:24:56", "text": "deliver it um to um whatever place that"}, {"end": "00:25:01", "start": "00:24:58", "text": "it tells you to deliver. Um then maybe"}, {"end": "00:25:02", "start": "00:25:00", "text": "you can pick up something at that one"}, {"end": "00:25:04", "start": "00:25:01", "text": "base and then deliver it back here. Get"}, {"end": "00:25:06", "start": "00:25:02", "text": "a little practice on you know flying and"}, {"end": "00:25:09", "start": "00:25:04", "text": "exploring. Bounties is put you into like"}, {"end": "00:25:10", "start": "00:25:06", "text": "a dog fight mode. So you what you do is"}, {"end": "00:25:12", "start": "00:25:09", "text": "accept the bounties and the level threat"}, {"end": "00:25:13", "start": "00:25:10", "text": "would be the size of the ship. So like"}, {"end": "00:25:15", "start": "00:25:12", "text": "one would be an extra extra small ship I"}, {"end": "00:25:17", "start": "00:25:13", "text": "believe and two would be an extra small"}, {"end": "00:25:19", "start": "00:25:15", "text": "ship. Um three small, four large or"}, {"end": "00:25:21", "start": "00:25:17", "text": "medium three four would be medium and"}, {"end": "00:25:23", "start": "00:25:19", "text": "five would be extra large. Um, so like"}, {"end": "00:25:24", "start": "00:25:21", "text": "I'm only in an extra extra small ship."}, {"end": "00:25:25", "start": "00:25:23", "text": "So, so I don't think I'd want to pick a"}, {"end": "00:25:28", "start": "00:25:24", "text": "fight with anything bigger than me. So"}, {"end": "00:25:30", "start": "00:25:25", "text": "maybe I hit accept. And you can see"}, {"end": "00:25:32", "start": "00:25:28", "text": "right here it changes in the upper left"}, {"end": "00:25:35", "start": "00:25:30", "text": "corner of the screen. It says eliminate"}, {"end": "00:25:36", "start": "00:25:32", "text": "Taro Halpern. And it says tells me to go"}, {"end": "00:25:38", "start": "00:25:35", "text": "to Urbis. Urbis is one of the planets."}, {"end": "00:25:40", "start": "00:25:36", "text": "And I'll find him there. Um, and then I"}, {"end": "00:25:42", "start": "00:25:38", "text": "can hit the scan button and maybe try to"}, {"end": "00:25:44", "start": "00:25:40", "text": "locate where he is once I get close to"}, {"end": "00:25:46", "start": "00:25:42", "text": "that um that planet. And then"}, {"end": "00:25:49", "start": "00:25:44", "text": "requisition. I think that this this is"}, {"end": "00:25:53", "start": "00:25:46", "text": "source 685 fuel and return to Orheart"}, {"end": "00:25:55", "start": "00:25:49", "text": "station. um silica, diamonds, roinol. I"}, {"end": "00:25:56", "start": "00:25:53", "text": "wonder if this one might be um the fact"}, {"end": "00:26:00", "start": "00:25:55", "text": "that you actually have to buy it and"}, {"end": "00:26:03", "start": "00:25:56", "text": "then deliver it um and or go mine it and"}, {"end": "00:26:05", "start": "00:26:00", "text": "deliver it. But regardless, I haven't"}, {"end": "00:26:06", "start": "00:26:03", "text": "really experimented with this very much"}, {"end": "00:26:08", "start": "00:26:05", "text": "and I'm going to have to start playing"}, {"end": "00:26:09", "start": "00:26:06", "text": "it and I want to make this into a a"}, {"end": "00:26:11", "start": "00:26:08", "text": "whole separate video instead of kind of"}, {"end": "00:26:13", "start": "00:26:09", "text": "rush through it. Um I just kind of"}, {"end": "00:26:14", "start": "00:26:11", "text": "wanted to show you guys um how to do it,"}, {"end": "00:26:16", "start": "00:26:13", "text": "you know, and figure it out myself. Um,"}, {"end": "00:26:17", "start": "00:26:14", "text": "and then you know in the video where I"}, {"end": "00:26:19", "start": "00:26:16", "text": "really concentrate on all these like"}, {"end": "00:26:21", "start": "00:26:17", "text": "cool games that uh Brad Magic Puncher"}, {"end": "00:26:23", "start": "00:26:19", "text": "made for us, uh, you know, we'll we'll"}, {"end": "00:26:25", "start": "00:26:21", "text": "dive in really really deep. Um, so I"}, {"end": "00:26:26", "start": "00:26:23", "text": "think that that covers most of all the"}, {"end": "00:26:29", "start": "00:26:25", "text": "new release of this new patch for the"}, {"end": "00:26:31", "start": "00:26:26", "text": "most part. Um, if you are, you know,"}, {"end": "00:26:34", "start": "00:26:29", "text": "curious of what else, you know, you"}, {"end": "00:26:35", "start": "00:26:31", "text": "could do here. Um, man, I I have a whole"}, {"end": "00:26:37", "start": "00:26:34", "text": "bunch of videos. You can kind of scroll"}, {"end": "00:26:38", "start": "00:26:35", "text": "through some of my back videos, but what"}, {"end": "00:26:40", "start": "00:26:37", "text": "I'm going to do for the new people is"}, {"end": "00:26:41", "start": "00:26:38", "text": "I'm going to do um show you how to get a"}, {"end": "00:26:42", "start": "00:26:40", "text": "code so you can download this and"}, {"end": "00:26:44", "start": "00:26:41", "text": "everything like that. So just stick"}, {"end": "00:26:46", "start": "00:26:42", "text": "around for that. Um, I love you guys"}, {"end": "00:26:48", "start": "00:26:44", "text": "all. Anyone that's OG to Star Atlas, uh,"}, {"end": "00:26:49", "start": "00:26:46", "text": "man, thank you for watching and always,"}, {"end": "00:26:51", "start": "00:26:48", "text": "as always, make sure you're subscribed."}, {"end": "00:26:54", "start": "00:26:49", "text": "So, as far for you new people, let's go"}, {"end": "00:26:55", "start": "00:26:51", "text": "over to Discord."}, {"end": "00:26:58", "start": "00:26:54", "text": "All right, so I got two keys for you"}, {"end": "00:26:59", "start": "00:26:55", "text": "guys just so you guys can um actually,"}, {"end": "00:27:00", "start": "00:26:58", "text": "you know, if anyone out there um doesn't"}, {"end": "00:27:02", "start": "00:26:59", "text": "have the ability for some reason to join"}, {"end": "00:27:05", "start": "00:27:00", "text": "the Star Atlas Discord, um here is a key"}, {"end": "00:27:07", "start": "00:27:02", "text": "here and here. Go back and here is a key"}, {"end": "00:27:09", "start": "00:27:05", "text": "here. First come, first serve. But what"}, {"end": "00:27:11", "start": "00:27:07", "text": "you have to do in order to do um um get"}, {"end": "00:27:13", "start": "00:27:09", "text": "a key um if those are used up is you"}, {"end": "00:27:16", "start": "00:27:11", "text": "come come to the Starless Discord. Join"}, {"end": "00:27:17", "start": "00:27:13", "text": "it. It's for free. Go down to the um key"}, {"end": "00:27:19", "start": "00:27:16", "text": "channel, the one that has a little key"}, {"end": "00:27:22", "start": "00:27:17", "text": "emoji right here, game access key, and"}, {"end": "00:27:24", "start": "00:27:19", "text": "you go over and you type in backslash"}, {"end": "00:27:26", "start": "00:27:22", "text": "key, and then you hit enter, and a key"}, {"end": "00:27:28", "start": "00:27:24", "text": "is automatically generated for you. Once"}, {"end": "00:27:31", "start": "00:27:26", "text": "that key is automatically generated, you"}, {"end": "00:27:33", "start": "00:27:28", "text": "go over to the Epic Game Store. You hit"}, {"end": "00:27:34", "start": "00:27:31", "text": "um you have to have an account, as long"}, {"end": "00:27:36", "start": "00:27:33", "text": "as you have an account for the Epic Game"}, {"end": "00:27:38", "start": "00:27:34", "text": "Store. Um, tons of people do because"}, {"end": "00:27:41", "start": "00:27:36", "text": "they have Fortnite, right? Um, you hit"}, {"end": "00:27:43", "start": "00:27:38", "text": "your name right here and you go to uh"}, {"end": "00:27:44", "start": "00:27:41", "text": "redeem code and then you just copy and"}, {"end": "00:27:46", "start": "00:27:43", "text": "paste that code that the bot"}, {"end": "00:27:48", "start": "00:27:44", "text": "automatically gives you right here or if"}, {"end": "00:27:50", "start": "00:27:46", "text": "you um grab that one off my screen, you"}, {"end": "00:27:52", "start": "00:27:48", "text": "c, you know, you type it in right here."}, {"end": "00:27:55", "start": "00:27:50", "text": "Um, and then you'll be able to launch"}, {"end": "00:27:56", "start": "00:27:52", "text": "Star Atlas just by uh download it and"}, {"end": "00:27:57", "start": "00:27:55", "text": "then launch it and then you'll be able"}, {"end": "00:28:00", "start": "00:27:56", "text": "to play the game that you just watched"}, {"end": "00:28:01", "start": "00:27:57", "text": "me playing. So, pretty cool stuff, man."}, {"end": "00:28:02", "start": "00:28:00", "text": "So now if you want to grab yourself a"}, {"end": "00:28:04", "start": "00:28:01", "text": "crew card so you can start leveling up"}, {"end": "00:28:05", "start": "00:28:02", "text": "your character. Um the first thing you"}, {"end": "00:28:07", "start": "00:28:04", "text": "definitely need is you definitely need a"}, {"end": "00:28:10", "start": "00:28:05", "text": "Salana based wallet. Um I recommend"}, {"end": "00:28:12", "start": "00:28:07", "text": "either Phantom or Soulflare. Um two"}, {"end": "00:28:13", "start": "00:28:10", "text": "wallets that I prefer. You're going to"}, {"end": "00:28:15", "start": "00:28:12", "text": "need a little bit of Salana in that"}, {"end": "00:28:18", "start": "00:28:13", "text": "wallet. At least like I'd at least have"}, {"end": "00:28:21", "start": "00:28:15", "text": "$5 in um that wallet so you can buy a"}, {"end": "00:28:23", "start": "00:28:18", "text": "crew card. Um so you'd have to somehow"}, {"end": "00:28:25", "start": "00:28:21", "text": "get your hands on some Salana. Now you"}, {"end": "00:28:28", "start": "00:28:23", "text": "can do that right from um the Starbase"}, {"end": "00:28:29", "start": "00:28:25", "text": "or the Star Atlas um website. Um once"}, {"end": "00:28:31", "start": "00:28:28", "text": "you make a wallet, you can hook your"}, {"end": "00:28:34", "start": "00:28:29", "text": "wallet up and then you can actually buy"}, {"end": "00:28:35", "start": "00:28:31", "text": "Salana um using um Topper right here and"}, {"end": "00:28:37", "start": "00:28:34", "text": "purchase it with a credit card or you"}, {"end": "00:28:38", "start": "00:28:35", "text": "can use just your exchange and grab"}, {"end": "00:28:40", "start": "00:28:37", "text": "yourself some Salana, your local"}, {"end": "00:28:42", "start": "00:28:38", "text": "exchange like something like Binance or"}, {"end": "00:28:43", "start": "00:28:40", "text": "Coinbase or or Coolcoin or whatever you"}, {"end": "00:28:47", "start": "00:28:42", "text": "have Kraken, whatever you have in your"}, {"end": "00:28:48", "start": "00:28:43", "text": "area. Um so once you have some Salana in"}, {"end": "00:28:50", "start": "00:28:47", "text": "your wallet, you connect your wallet,"}, {"end": "00:28:52", "start": "00:28:48", "text": "like I said, to um this um"}, {"end": "00:28:53", "start": "00:28:50", "text": "play.staratlas.com,"}, {"end": "00:28:56", "start": "00:28:52", "text": "which is Star Atlas's marketplace. to go"}, {"end": "00:28:57", "start": "00:28:53", "text": "down to the marketplace area right here."}, {"end": "00:28:59", "start": "00:28:56", "text": "And this is where you can purchase"}, {"end": "00:29:02", "start": "00:28:57", "text": "anything from Star Atlas um including"}, {"end": "00:29:03", "start": "00:28:59", "text": "ships and crew cards. And so we can just"}, {"end": "00:29:05", "start": "00:29:02", "text": "go to the crew tab right here. And these"}, {"end": "00:29:07", "start": "00:29:03", "text": "are all the different um digital card"}, {"end": "00:29:08", "start": "00:29:05", "text": "packs that you can buy. Imagine them"}, {"end": "00:29:11", "start": "00:29:07", "text": "just being like, you know, buying a pack"}, {"end": "00:29:12", "start": "00:29:08", "text": "of like baseball cards or Pokemon cards"}, {"end": "00:29:14", "start": "00:29:11", "text": "or something like that. It's just a"}, {"end": "00:29:16", "start": "00:29:12", "text": "digital version of it. And once you buy"}, {"end": "00:29:18", "start": "00:29:14", "text": "them, you can um you can basically tear"}, {"end": "00:29:20", "start": "00:29:16", "text": "them open um and see what you get. And"}, {"end": "00:29:21", "start": "00:29:18", "text": "how you do that is you go down to the"}, {"end": "00:29:25", "start": "00:29:20", "text": "crew tab once you purchase one of those"}, {"end": "00:29:27", "start": "00:29:21", "text": "crew packs. And you can go um and open"}, {"end": "00:29:29", "start": "00:29:25", "text": "up go to this crew packs tab right here."}, {"end": "00:29:30", "start": "00:29:27", "text": "Not the my crew cards, but the crew"}, {"end": "00:29:32", "start": "00:29:29", "text": "packs tab. It'll tell you how many um"}, {"end": "00:29:35", "start": "00:29:30", "text": "packs you have and then you can open"}, {"end": "00:29:37", "start": "00:29:32", "text": "them up right there. Um now, if you"}, {"end": "00:29:38", "start": "00:29:35", "text": "don't want to do it that way, you can"}, {"end": "00:29:40", "start": "00:29:37", "text": "take your Salana based wallet with"}, {"end": "00:29:43", "start": "00:29:38", "text": "Salana in it and you can go over to"}, {"end": "00:29:47", "start": "00:29:40", "text": "Tensor Trade. What is it? Let me go all"}, {"end": "00:29:50", "start": "00:29:43", "text": "the way back to the uh www.tensor.trade."}, {"end": "00:29:52", "start": "00:29:47", "text": "And this is an NFT trading platform. And"}, {"end": "00:29:54", "start": "00:29:50", "text": "these are Star Atlas crew cards that are"}, {"end": "00:29:55", "start": "00:29:52", "text": "up for sale from the community. So they"}, {"end": "00:29:56", "start": "00:29:54", "text": "have already people have already opened"}, {"end": "00:29:58", "start": "00:29:55", "text": "up the crew packs and they decided they"}, {"end": "00:30:00", "start": "00:29:56", "text": "don't want certain cards or they think"}, {"end": "00:30:01", "start": "00:29:58", "text": "cards are, you know, more valuable to"}, {"end": "00:30:03", "start": "00:30:00", "text": "sell. So they sell them like trading"}, {"end": "00:30:04", "start": "00:30:01", "text": "cards right here on the platform. So you"}, {"end": "00:30:06", "start": "00:30:03", "text": "can go and choose your favorite"}, {"end": "00:30:07", "start": "00:30:04", "text": "character that you want. You can"}, {"end": "00:30:10", "start": "00:30:06", "text": "purchase it with some Salana and then"}, {"end": "00:30:11", "start": "00:30:07", "text": "you can start leveling it up. So like"}, {"end": "00:30:16", "start": "00:30:10", "text": "let's just say you wanted you needed a"}, {"end": "00:30:18", "start": "00:30:11", "text": "female mire to level up. It is 0.021 021"}, {"end": "00:30:20", "start": "00:30:16", "text": "Salonic to buy this character right here"}, {"end": "00:30:23", "start": "00:30:18", "text": "and it's $3.36. So that's how you would"}, {"end": "00:30:24", "start": "00:30:20", "text": "do that. So yeah, leave uh any questions"}, {"end": "00:30:26", "start": "00:30:23", "text": "that you have for me down in the"}, {"end": "00:30:28", "start": "00:30:24", "text": "comments and I'll try to answer them if"}, {"end": "00:30:30", "start": "00:30:26", "text": "something is confusing for you. Pretty"}, {"end": "00:30:31", "start": "00:30:28", "text": "cool, man. I hope you guys enjoy. I love"}, {"end": "00:30:32", "start": "00:30:30", "text": "you. Make sure that you like this video."}, {"end": "00:30:34", "start": "00:30:31", "text": "Make sure you're subscribed. I put out"}, {"end": "00:30:37", "start": "00:30:32", "text": "content all the time and I'll talk to"}, {"end": "00:30:37", "start": "00:30:34", "text": "you guys later. Bye."}]

[{"end": "00:00:05", "start": "00:00:00", "text": "Hey everyone, Beyond the Horizon"}, {"end": "00:00:08", "start": "00:00:03", "text": "couldn't be here today, so I'm going to"}, {"end": "00:00:10", "start": "00:00:05", "text": "accept his Joanie Award forum. He's"}, {"end": "00:00:14", "start": "00:00:08", "text": "probably out there gallivanting with his"}, {"end": "00:00:14", "start": "00:00:10", "text": "girlfriend, Sage."}, {"end": "00:00:22", "start": "00:00:15", "text": "I'm right here, man. She's not my"}, {"end": "00:00:25", "start": "00:00:18", "text": "girlfriend. Sage is pretty hot, though."}, {"end": "00:00:25", "start": "00:00:22", "text": "Sage."}, {"end": "00:00:30", "start": "00:00:26", "text": "Yo, what's up, captains and cadets? Man,"}, {"end": "00:00:32", "start": "00:00:28", "text": "if you are seeing this, this somehow"}, {"end": "00:00:34", "start": "00:00:30", "text": "somehow I I managed to squeak by and win"}, {"end": "00:00:37", "start": "00:00:32", "text": "myself another Joanie. I have no clue"}, {"end": "00:00:39", "start": "00:00:34", "text": "how because I was up with crazy"}, {"end": "00:00:41", "start": "00:00:37", "text": "competition this year. Um, man, thank"}, {"end": "00:00:43", "start": "00:00:39", "text": "you guys all and thank you anyone that"}, {"end": "00:00:45", "start": "00:00:41", "text": "was else that was nominated. Man, I"}, {"end": "00:00:47", "start": "00:00:43", "text": "don't even know which award uh I'm"}, {"end": "00:00:49", "start": "00:00:45", "text": "accepting because I'm making this a day"}, {"end": "00:00:50", "start": "00:00:47", "text": "ahead just in case I win because I'd"}, {"end": "00:00:53", "start": "00:00:49", "text": "feel so bad if I didn't say thank you to"}, {"end": "00:00:54", "start": "00:00:50", "text": "everyone in the community. Um, but I'm"}, {"end": "00:00:56", "start": "00:00:53", "text": "going to keep it vague cuz I don't know"}, {"end": "00:00:58", "start": "00:00:54", "text": "which award this is that I'm getting"}, {"end": "00:01:00", "start": "00:00:56", "text": "getting right now. Um, but boy, man, you"}, {"end": "00:01:01", "start": "00:00:58", "text": "guys are all the best out there. I"}, {"end": "00:01:03", "start": "00:01:00", "text": "couldn't do this without you guys. I"}, {"end": "00:01:05", "start": "00:01:01", "text": "love all the comments. All you guys"}, {"end": "00:01:07", "start": "00:01:03", "text": "always share my videos on X. Um, I just"}, {"end": "00:01:09", "start": "00:01:05", "text": "want to talk about my fellow content"}, {"end": "00:01:12", "start": "00:01:07", "text": "creators. There's some of us that, man,"}, {"end": "00:01:13", "start": "00:01:09", "text": "we had some, you know, some slow times"}, {"end": "00:01:15", "start": "00:01:12", "text": "in Star Atlas since the last Community"}, {"end": "00:01:16", "start": "00:01:13", "text": "Awards. Um, some tough times. We're"}, {"end": "00:01:18", "start": "00:01:15", "text": "still kind of like fighting through the"}, {"end": "00:01:19", "start": "00:01:16", "text": "bare market and stuff like that. I've"}, {"end": "00:01:21", "start": "00:01:18", "text": "lost a lot of content creator friends,"}, {"end": "00:01:22", "start": "00:01:19", "text": "but, you know, there's been some that"}, {"end": "00:01:23", "start": "00:01:21", "text": "have stuck around. And I just want to"}, {"end": "00:01:26", "start": "00:01:22", "text": "name some of the YouTubers I just love"}, {"end": "00:01:28", "start": "00:01:23", "text": "so much. Um, Kepleret, Metverse"}, {"end": "00:01:30", "start": "00:01:26", "text": "Explorer, um, Atlas Theory, uh, Matt"}, {"end": "00:01:34", "start": "00:01:28", "text": "who's Intergalactic Herald, Master Kodi,"}, {"end": "00:01:35", "start": "00:01:30", "text": "Thor, um, um, Crypto Guiji, um, Virtuals"}, {"end": "00:01:38", "start": "00:01:34", "text": "made some awesome videos, um, Iron"}, {"end": "00:01:40", "start": "00:01:35", "text": "Alien, and, uh, man, I could not do this"}, {"end": "00:01:43", "start": "00:01:38", "text": "without Star Atlas TV, you know, bless"}, {"end": "00:01:45", "start": "00:01:40", "text": "you, ODV, Star Atlas TV, um, keeps me in"}, {"end": "00:01:46", "start": "00:01:43", "text": "the loop. I'm always working when things"}, {"end": "00:01:48", "start": "00:01:45", "text": "like this is going on. That's why I"}, {"end": "00:01:50", "start": "00:01:46", "text": "can't be here today, uh, to accept my"}, {"end": "00:01:52", "start": "00:01:48", "text": "award live. I'm working on some island"}, {"end": "00:01:54", "start": "00:01:50", "text": "out on the coast of uh New Hampshire"}, {"end": "00:01:56", "start": "00:01:52", "text": "right now and I have zero service. So"}, {"end": "00:01:57", "start": "00:01:54", "text": "that's why I'm making this video in"}, {"end": "00:02:00", "start": "00:01:56", "text": "advance. Um but I also want to shout"}, {"end": "00:02:01", "start": "00:01:57", "text": "shout out my half my channel only half"}, {"end": "00:02:04", "start": "00:02:00", "text": "my channel is on YouTube. The other half"}, {"end": "00:02:06", "start": "00:02:01", "text": "is seriously on X. Um and I almost I"}, {"end": "00:02:08", "start": "00:02:04", "text": "have just as much compassion making"}, {"end": "00:02:10", "start": "00:02:06", "text": "little shorts and stuff like that for X"}, {"end": "00:02:12", "start": "00:02:08", "text": "as I do, you know, Twitter X as I do for"}, {"end": "00:02:14", "start": "00:02:10", "text": "YouTube. And some of my you know exhies"}, {"end": "00:02:16", "start": "00:02:12", "text": "out there just really stepping it up"}, {"end": "00:02:18", "start": "00:02:14", "text": "this year. Uh, I just, you know,"}, {"end": "00:02:19", "start": "00:02:16", "text": "obviously Siggy, you know, the OG, you"}, {"end": "00:02:22", "start": "00:02:18", "text": "know, the godfather of, you know,"}, {"end": "00:02:25", "start": "00:02:19", "text": "Twitter for sure. Um, but man, Falor,"}, {"end": "00:02:28", "start": "00:02:22", "text": "uh, Raspby, Onizuka, uh, James, Bruo,"}, {"end": "00:02:32", "start": "00:02:25", "text": "um, um, uh, Sacklin, Hackmare, uh, Apex"}, {"end": "00:02:34", "start": "00:02:28", "text": "Core, um, Fron, Aiaz, man. Az, what's"}, {"end": "00:02:36", "start": "00:02:32", "text": "up, dude? And Andre, man, there's so"}, {"end": "00:02:37", "start": "00:02:34", "text": "many more. So many more. I've set it up"}, {"end": "00:02:40", "start": "00:02:36", "text": "on X. I just want to give shout shout"}, {"end": "00:02:42", "start": "00:02:37", "text": "outs to all my homies out there. Love"}, {"end": "00:02:44", "start": "00:02:40", "text": "you guys all. everyone in the community,"}, {"end": "00:02:46", "start": "00:02:42", "text": "Dom Santi, and Jose, you guys are just"}, {"end": "00:02:47", "start": "00:02:44", "text": "killing it out there. The dev team,"}, {"end": "00:02:49", "start": "00:02:46", "text": "Michael Wagner, you know, I hope you're"}, {"end": "00:02:51", "start": "00:02:47", "text": "giving everyone uh, you know, slipping"}, {"end": "00:02:52", "start": "00:02:49", "text": "them a little extra pull uh, you know,"}, {"end": "00:02:54", "start": "00:02:51", "text": "in the past couple weeks for everything"}, {"end": "00:02:56", "start": "00:02:52", "text": "they've been doing. So, love you guys"}, {"end": "00:02:59", "start": "00:02:54", "text": "all. I'll catch you in the next one."}, {"end": "00:02:59", "start": "00:02:56", "text": "Later."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up taps and cadets? Hey, this"}, {"end": "00:00:06", "start": "00:00:02", "text": "is going to be my very last giveaway for"}, {"end": "00:00:08", "start": "00:00:04", "text": "the community week raffle tickets. Um,"}, {"end": "00:00:10", "start": "00:00:06", "text": "but I'm going to give away 14 codes and"}, {"end": "00:00:11", "start": "00:00:08", "text": "each one of these codes that I'm going"}, {"end": "00:00:13", "start": "00:00:10", "text": "to give away is going to contain 400"}, {"end": "00:00:14", "start": "00:00:11", "text": "raffle tickets that can win you guys"}, {"end": "00:00:18", "start": "00:00:13", "text": "some awesome prizes including possibly"}, {"end": "00:00:19", "start": "00:00:14", "text": "an Orika Sunpaw. So, man, hang tight and"}, {"end": "00:00:21", "start": "00:00:18", "text": "you're going to answer some questions"}, {"end": "00:00:24", "start": "00:00:19", "text": "for me in just a second. But, I want to"}, {"end": "00:00:26", "start": "00:00:21", "text": "celebrate the season 1 clos. Uh, I just"}, {"end": "00:00:27", "start": "00:00:24", "text": "got this notification. It just happened"}, {"end": "00:00:29", "start": "00:00:26", "text": "about 15 minutes ago. It says,"}, {"end": "00:00:31", "start": "00:00:27", "text": "\"Congratulations on completing the"}, {"end": "00:00:33", "start": "00:00:29", "text": "season.\" The season may be over, but"}, {"end": "00:00:36", "start": "00:00:31", "text": "your journey's just beginning. Keep"}, {"end": "00:00:38", "start": "00:00:33", "text": "pushing. New opportunities await next"}, {"end": "00:00:40", "start": "00:00:36", "text": "season. The current season has entered"}, {"end": "00:00:43", "start": "00:00:38", "text": "um preseason orbit as we chart a new"}, {"end": "00:00:46", "start": "00:00:40", "text": "course for the next chapter. During this"}, {"end": "00:00:49", "start": "00:00:43", "text": "downtime, quests, XP, LP, and awards are"}, {"end": "00:00:51", "start": "00:00:46", "text": "offline. Any actions taken now won't"}, {"end": "00:00:53", "start": "00:00:49", "text": "count towards your progress or rewards."}, {"end": "00:00:56", "start": "00:00:51", "text": "All systems will refresh and reactivate"}, {"end": "00:00:58", "start": "00:00:53", "text": "once the new season launches. Until"}, {"end": "00:00:59", "start": "00:00:56", "text": "then, practice your strategies and"}, {"end": "00:01:01", "start": "00:00:58", "text": "prepare for the next holisim"}, {"end": "00:01:03", "start": "00:00:59", "text": "explorations. Wicked cool, man. I'm so"}, {"end": "00:01:05", "start": "00:01:01", "text": "excited about the next season. Um, but"}, {"end": "00:01:06", "start": "00:01:03", "text": "you can still actually play. So, don't"}, {"end": "00:01:08", "start": "00:01:05", "text": "worry if you're playing. I guess we can"}, {"end": "00:01:09", "start": "00:01:06", "text": "still, you know, kind of like do our"}, {"end": "00:01:11", "start": "00:01:08", "text": "whole thing until the next season kicks"}, {"end": "00:01:13", "start": "00:01:09", "text": "in. Um, there's just there's already"}, {"end": "00:01:16", "start": "00:01:11", "text": "been a snapshot and so the rewards are"}, {"end": "00:01:17", "start": "00:01:13", "text": "basically already figured out. So, um,"}, {"end": "00:01:18", "start": "00:01:16", "text": "there's no, you know, you don't have to"}, {"end": "00:01:21", "start": "00:01:17", "text": "fight for the rewards. We can actually"}, {"end": "00:01:23", "start": "00:01:18", "text": "just play for fun at this point. um they"}, {"end": "00:01:25", "start": "00:01:21", "text": "know who was the winning faction and"}, {"end": "00:01:28", "start": "00:01:23", "text": "they know uh who played the game and who"}, {"end": "00:01:29", "start": "00:01:25", "text": "didn't play the game. Um so here is what"}, {"end": "00:01:32", "start": "00:01:28", "text": "we're going to do for the raffle ticket"}, {"end": "00:01:34", "start": "00:01:29", "text": "giveaway. I am going to read a bunch of"}, {"end": "00:01:36", "start": "00:01:32", "text": "my fleet names and then you guys just"}, {"end": "00:01:38", "start": "00:01:34", "text": "have to answer the um a question um that"}, {"end": "00:01:41", "start": "00:01:36", "text": "I'm going to ask. But here's the thing."}, {"end": "00:01:45", "start": "00:01:38", "text": "I'm only going to give a uh a code away"}, {"end": "00:01:46", "start": "00:01:41", "text": "for the answer of like each one of these"}, {"end": "00:01:49", "start": "00:01:45", "text": "questions. So, if I ask this one, for"}, {"end": "00:01:52", "start": "00:01:46", "text": "instance, um, Alf's name is Gordon"}, {"end": "00:01:53", "start": "00:01:49", "text": "Shamway. What show is that from? Well,"}, {"end": "00:01:56", "start": "00:01:52", "text": "that's a really easy one cuz it's from"}, {"end": "00:01:58", "start": "00:01:53", "text": "the show ALF, a 1980s TV show. But let's"}, {"end": "00:02:00", "start": "00:01:56", "text": "just say Falor got that and Falkor"}, {"end": "00:02:01", "start": "00:01:58", "text": "guessed Alf. No one else is going to be"}, {"end": "00:02:02", "start": "00:02:00", "text": "able to guess that same, you know, that"}, {"end": "00:02:04", "start": "00:02:01", "text": "same answer. So, you're going to have to"}, {"end": "00:02:05", "start": "00:02:02", "text": "choose a different one. Um, so you're"}, {"end": "00:02:07", "start": "00:02:04", "text": "going to have to look below in the"}, {"end": "00:02:08", "start": "00:02:05", "text": "comments. And if I already gave those"}, {"end": "00:02:09", "start": "00:02:07", "text": "tickets away, if someone already"}, {"end": "00:02:10", "start": "00:02:08", "text": "answered it, maybe you might want to try"}, {"end": "00:02:12", "start": "00:02:09", "text": "a different one. So, here we go. That"}, {"end": "00:02:13", "start": "00:02:10", "text": "one doesn't count. We're the just the"}, {"end": "00:02:16", "start": "00:02:12", "text": "ones uh that I'm going to ask right now."}, {"end": "00:02:18", "start": "00:02:13", "text": "So, all right. Buster's fake hand. What"}, {"end": "00:02:20", "start": "00:02:16", "text": "television show is that from? Um,"}, {"end": "00:02:21", "start": "00:02:18", "text": "Charlie Brown. That's from a famous"}, {"end": "00:02:24", "start": "00:02:20", "text": "comic strip. What's the name of the"}, {"end": "00:02:25", "start": "00:02:21", "text": "comic strip? Um, Charlie Bucket's"}, {"end": "00:02:27", "start": "00:02:24", "text": "grandpa. What is that from? That's"}, {"end": "00:02:29", "start": "00:02:25", "text": "actually a book and it's been made into"}, {"end": "00:02:30", "start": "00:02:27", "text": "um numerous movies. That's a couple"}, {"end": "00:02:33", "start": "00:02:29", "text": "hints. What are who are the characters"}, {"end": "00:02:35", "start": "00:02:30", "text": "Cliff and Norm from? What is that from?"}, {"end": "00:02:38", "start": "00:02:33", "text": "Um, Cosmo Kramer. What television show"}, {"end": "00:02:41", "start": "00:02:35", "text": "is that one from? Ernie's rubber Ducky."}, {"end": "00:02:43", "start": "00:02:38", "text": "What television show is that from? Um,"}, {"end": "00:02:46", "start": "00:02:41", "text": "name one of Fat Albert's crew from the"}, {"end": "00:02:48", "start": "00:02:43", "text": "TV show Fat Albert. What television show"}, {"end": "00:02:51", "start": "00:02:46", "text": "is Father Mohei from? Do you guys like"}, {"end": "00:02:53", "start": "00:02:48", "text": "my uh my ship names? If you're from the"}, {"end": "00:02:55", "start": "00:02:51", "text": "80s and possibly the '90s, he must and"}, {"end": "00:02:58", "start": "00:02:53", "text": "70s. You guys would love my my ship"}, {"end": "00:02:59", "start": "00:02:55", "text": "names. Um, Gilligan and Skipper 2. Oh my"}, {"end": "00:03:00", "start": "00:02:58", "text": "gosh, that's almost too easy. This is a"}, {"end": "00:03:02", "start": "00:02:59", "text": "giveaway. What television show is that"}, {"end": "00:03:04", "start": "00:03:00", "text": "from? Um, Larry, Daryl and Daryl, what"}, {"end": "00:03:06", "start": "00:03:02", "text": "television show is that from? Um,"}, {"end": "00:03:08", "start": "00:03:04", "text": "Leverne and Shirley had two dudes on"}, {"end": "00:03:09", "start": "00:03:06", "text": "that television show that were always"}, {"end": "00:03:10", "start": "00:03:08", "text": "trying to like get dates from them. What"}, {"end": "00:03:11", "start": "00:03:09", "text": "are the names of the two dudes that"}, {"end": "00:03:13", "start": "00:03:10", "text": "always try to get dates from Leverne and"}, {"end": "00:03:16", "start": "00:03:11", "text": "Shirley? Uh, Miss Piggy. That's way too"}, {"end": "00:03:18", "start": "00:03:13", "text": "easy. Oh, who's Miss Piggy's uh love uh"}, {"end": "00:03:19", "start": "00:03:16", "text": "who does she have a love affection for?"}, {"end": "00:03:23", "start": "00:03:18", "text": "Like she always is after one person. Who"}, {"end": "00:03:25", "start": "00:03:19", "text": "is that? Or one thing. Um Mor from Orc."}, {"end": "00:03:29", "start": "00:03:23", "text": "Who uh who is the other main character"}, {"end": "00:03:33", "start": "00:03:25", "text": "from Mor from Orc? Um Oscar's worm,"}, {"end": "00:03:35", "start": "00:03:29", "text": "Slimy. Um what is Slimy? Um it's from a"}, {"end": "00:03:36", "start": "00:03:33", "text": "television show, but what is Slimy? Um"}, {"end": "00:03:39", "start": "00:03:35", "text": "Ponch and John. What are those"}, {"end": "00:03:40", "start": "00:03:36", "text": "characters from? Ralph Furley and"}, {"end": "00:03:43", "start": "00:03:39", "text": "Stanley Roer. Those are two characters"}, {"end": "00:03:45", "start": "00:03:40", "text": "from what TV show? Randy Macho Man"}, {"end": "00:03:48", "start": "00:03:43", "text": "Savage. Okay. He played a sport. What"}, {"end": "00:03:49", "start": "00:03:45", "text": "sport did he play? Uh, Reading Rainbow"}, {"end": "00:03:52", "start": "00:03:48", "text": "Rocks. I don't really have Oh, who is"}, {"end": "00:03:54", "start": "00:03:49", "text": "the um who's the main guy who does all"}, {"end": "00:03:56", "start": "00:03:52", "text": "the reading from Reading Rainbow Rocks?"}, {"end": "00:03:58", "start": "00:03:54", "text": "Stay Puff Marshmallow Man. I think this"}, {"end": "00:04:00", "start": "00:03:56", "text": "is an easy one. What movie is that from?"}, {"end": "00:04:01", "start": "00:03:58", "text": "Um, who's your favorite Care Bear? It"}, {"end": "00:04:04", "start": "00:04:00", "text": "has to be a real Care Bear. Don't make"}, {"end": "00:04:06", "start": "00:04:01", "text": "one up. Um, what is your favorite"}, {"end": "00:04:08", "start": "00:04:04", "text": "garbage pail kid? If you collected"}, {"end": "00:04:11", "start": "00:04:06", "text": "garbage pale kids in the past, what"}, {"end": "00:04:13", "start": "00:04:08", "text": "sport was the junkyard dog in? What"}, {"end": "00:04:15", "start": "00:04:11", "text": "sport did the junkyard dog play? Um, CEO"}, {"end": "00:04:17", "start": "00:04:13", "text": "Huxable is from what television show"}, {"end": "00:04:19", "start": "00:04:15", "text": "Uncle Jesse, what television show is"}, {"end": "00:04:21", "start": "00:04:17", "text": "Uncle Jesse from? And did that what"}, {"end": "00:04:23", "start": "00:04:19", "text": "television show is from? So, man, this"}, {"end": "00:04:25", "start": "00:04:21", "text": "is your quest, guys. Give me a whole"}, {"end": "00:04:28", "start": "00:04:23", "text": "bunch of answers and put them in the"}, {"end": "00:04:29", "start": "00:04:25", "text": "comments. Make sure you like this video"}, {"end": "00:04:31", "start": "00:04:28", "text": "right here. Like this post video, how"}, {"end": "00:04:32", "start": "00:04:29", "text": "however I do it. I don't know how I'm"}, {"end": "00:04:34", "start": "00:04:31", "text": "going to do it, but make sure you like"}, {"end": "00:04:36", "start": "00:04:32", "text": "it. Holy smokes. What's going on there?"}, {"end": "00:04:38", "start": "00:04:34", "text": "You guys see that? What the heck is"}, {"end": "00:04:40", "start": "00:04:36", "text": "going on? Wow. All right. Anyway, I love"}, {"end": "00:04:41", "start": "00:04:38", "text": "you guys all. Good luck on this contest"}, {"end": "00:04:43", "start": "00:04:40", "text": "and this has been an awesome community"}, {"end": "00:04:45", "start": "00:04:41", "text": "week tomorrow at the Joony Awards. Let's"}, {"end": "00:04:46", "start": "00:04:43", "text": "go. And then on Saturday, we have the"}, {"end": "00:04:51", "start": "00:04:45", "text": "drawing for this contest that I'm doing"}, {"end": "00:04:51", "start": "00:04:46", "text": "right now. Talk to you guys later."}]

[{"end": "00:00:03", "start": "00:00:00", "text": "Yo, what's up, captains and cadets? Man,"}, {"end": "00:00:05", "start": "00:00:02", "text": "I wasn't planning on making a video"}, {"end": "00:00:06", "start": "00:00:03", "text": "today, but so many crazy things have"}, {"end": "00:00:08", "start": "00:00:05", "text": "happened in the past 24 hours. I had to"}, {"end": "00:00:11", "start": "00:00:06", "text": "jump on it. Uh, so we're going to watch"}, {"end": "00:00:12", "start": "00:00:08", "text": "this trailer uh through some at some"}, {"end": "00:00:14", "start": "00:00:11", "text": "point in this video, but I want to talk"}, {"end": "00:00:16", "start": "00:00:12", "text": "about a few things first. Um, I"}, {"end": "00:00:18", "start": "00:00:14", "text": "downloaded the highest quality version"}, {"end": "00:00:20", "start": "00:00:16", "text": "of it so you guys can watch it on your"}, {"end": "00:00:22", "start": "00:00:18", "text": "TV. Cast it to your big screen TV. Um,"}, {"end": "00:00:26", "start": "00:00:20", "text": "but first, let's talk about a couple"}, {"end": "00:00:26", "start": "00:00:22", "text": "other things. Let's go. Wow."}, {"end": "00:00:40", "start": "00:00:37", "text": "Yo, what's up muds? What's up, ponies?"}, {"end": "00:00:42", "start": "00:00:39", "text": "What is up, boosters and anyone that is"}, {"end": "00:00:44", "start": "00:00:40", "text": "new to Star Atlas, like I said, we'll"}, {"end": "00:00:46", "start": "00:00:42", "text": "jump into that uh trailer in just a sec."}, {"end": "00:00:48", "start": "00:00:44", "text": "This is for the um the shooter game that"}, {"end": "00:00:50", "start": "00:00:46", "text": "Star Atlas has on Unreal Engine 5. And"}, {"end": "00:00:52", "start": "00:00:48", "text": "this is phenomenal. It's going to blow"}, {"end": "00:00:55", "start": "00:00:50", "text": "your mind if you haven't uh checked it"}, {"end": "00:00:59", "start": "00:00:52", "text": "out yet. Um, now the Star uh Atlas"}, {"end": "00:01:02", "start": "00:00:55", "text": "kickoff event has now commenced and uh"}, {"end": "00:01:04", "start": "00:00:59", "text": "boy, the free raffle community ticket"}, {"end": "00:01:07", "start": "00:01:02", "text": "giveaway. Um, so you can win yourself"}, {"end": "00:01:09", "start": "00:01:04", "text": "some loot um on on this upcoming"}, {"end": "00:01:10", "start": "00:01:07", "text": "Saturday has it's just all underway and"}, {"end": "00:01:11", "start": "00:01:09", "text": "everyone's really excited about it and"}, {"end": "00:01:13", "start": "00:01:10", "text": "there's multiple ways that you can win a"}, {"end": "00:01:14", "start": "00:01:11", "text": "whole bunch of different ways and the"}, {"end": "00:01:17", "start": "00:01:13", "text": "team explained it um in the kickoff"}, {"end": "00:01:19", "start": "00:01:14", "text": "event um today. Um, there's hidden codes"}, {"end": "00:01:21", "start": "00:01:17", "text": "throughout all of Star Atlas's stuff."}, {"end": "00:01:23", "start": "00:01:19", "text": "Like in some of their games on like in"}, {"end": "00:01:24", "start": "00:01:21", "text": "the marketplace, I guess. Um, whatever"}, {"end": "00:01:26", "start": "00:01:23", "text": "you can think of, there might be a"}, {"end": "00:01:27", "start": "00:01:24", "text": "hidden code. So, you got to like be a"}, {"end": "00:01:29", "start": "00:01:26", "text": "sleuth and go kind of look for the"}, {"end": "00:01:31", "start": "00:01:27", "text": "codes. And the codes are a oneanddone"}, {"end": "00:01:33", "start": "00:01:29", "text": "type of thing. So, once someone actually"}, {"end": "00:01:35", "start": "00:01:31", "text": "finds the code and claims it, um, then"}, {"end": "00:01:36", "start": "00:01:33", "text": "you can't get the tickets anymore. So,"}, {"end": "00:01:38", "start": "00:01:35", "text": "you might find a code and you try to"}, {"end": "00:01:40", "start": "00:01:36", "text": "punch it in and it doesn't work. Um, but"}, {"end": "00:01:43", "start": "00:01:38", "text": "speaking of that, like how do you punch"}, {"end": "00:01:46", "start": "00:01:40", "text": "codes in? Well, if you go to Discord and"}, {"end": "00:01:48", "start": "00:01:43", "text": "you go over to this really cool bot that"}, {"end": "00:01:52", "start": "00:01:46", "text": "Darwin, um, part of the Star Atlas dev"}, {"end": "00:01:55", "start": "00:01:48", "text": "team community team, um, uh, created for"}, {"end": "00:01:57", "start": "00:01:52", "text": "us. Um, where is it here? Uh,"}, {"end": "00:02:00", "start": "00:01:55", "text": "oh, it was highlighted. Um, so uh, so"}, {"end": "00:02:02", "start": "00:01:57", "text": "it's Solola Quintbot and it says, \"I'm"}, {"end": "00:02:04", "start": "00:02:00", "text": "Soloquint, the legendary youngest winner"}, {"end": "00:02:05", "start": "00:02:02", "text": "of the Triple Racing Cup and your"}, {"end": "00:02:07", "start": "00:02:04", "text": "interstellar stellar host for the"}, {"end": "00:02:09", "start": "00:02:05", "text": "Starless Community Week. If you've been"}, {"end": "00:02:11", "start": "00:02:07", "text": "drifting in a dark sector and missed the"}, {"end": "00:02:12", "start": "00:02:09", "text": "buzz, no worries. I'll bring you up to"}, {"end": "00:02:14", "start": "00:02:11", "text": "speed right now. The community community"}, {"end": "00:02:16", "start": "00:02:12", "text": "week is our galaxy spanning toast to"}, {"end": "00:02:18", "start": "00:02:14", "text": "what makes Star Atlas universe thrive."}, {"end": "00:02:20", "start": "00:02:16", "text": "You are unstoppable community of"}, {"end": "00:02:22", "start": "00:02:18", "text": "explorers, builders, and warriors. To"}, {"end": "00:02:24", "start": "00:02:20", "text": "show our gratitude, we've lined up a"}, {"end": "00:02:27", "start": "00:02:22", "text": "week-long extravaganza from July 28th"}, {"end": "00:02:29", "start": "00:02:24", "text": "onward. Packed with daily thrills like"}, {"end": "00:02:32", "start": "00:02:27", "text": "Guild Showdown in Copo to win up to"}, {"end": "00:02:34", "start": "00:02:29", "text": "$26,000 in infrastructure um prizes, the"}, {"end": "00:02:36", "start": "00:02:32", "text": "Epic Jon Awards for the MVP of the"}, {"end": "00:02:38", "start": "00:02:34", "text": "community, team verse team shooter"}, {"end": "00:02:40", "start": "00:02:36", "text": "battles, and yada yada yada. talked a"}, {"end": "00:02:42", "start": "00:02:38", "text": "lot about all of that in my last video I"}, {"end": "00:02:45", "start": "00:02:40", "text": "just made. Um, but how the raffle works"}, {"end": "00:02:47", "start": "00:02:42", "text": "is you have to actually submit a public"}, {"end": "00:02:49", "start": "00:02:45", "text": "um address of your wallet. You just have"}, {"end": "00:02:51", "start": "00:02:47", "text": "to link um one of your like your Phantom"}, {"end": "00:02:52", "start": "00:02:49", "text": "wallet or your ledger or something like"}, {"end": "00:02:53", "start": "00:02:51", "text": "that. Just a public ID, nothing that you"}, {"end": "00:02:56", "start": "00:02:52", "text": "know like is sketchy or anything like"}, {"end": "00:02:59", "start": "00:02:53", "text": "that. Once you link that um you can then"}, {"end": "00:03:01", "start": "00:02:56", "text": "um redeem codes. So if like you find a"}, {"end": "00:03:03", "start": "00:02:59", "text": "code or you win a code from me or from"}, {"end": "00:03:04", "start": "00:03:01", "text": "um Metverse Explorer or um you get a"}, {"end": "00:03:07", "start": "00:03:03", "text": "code from one of your guild members."}, {"end": "00:03:09", "start": "00:03:04", "text": "Guild members have a bunch of codes. Um,"}, {"end": "00:03:11", "start": "00:03:07", "text": "also you can find codes in um some of"}, {"end": "00:03:13", "start": "00:03:09", "text": "the Star Atlas um community made um"}, {"end": "00:03:15", "start": "00:03:11", "text": "tools like maybe Sly Assistant. You find"}, {"end": "00:03:16", "start": "00:03:13", "text": "a code somewhere hidden in Sly Assistant"}, {"end": "00:03:18", "start": "00:03:15", "text": "somehow or EVI or something like that."}, {"end": "00:03:20", "start": "00:03:16", "text": "You come over here, you redeem the code"}, {"end": "00:03:22", "start": "00:03:18", "text": "and you basically copy copy and paste it"}, {"end": "00:03:24", "start": "00:03:20", "text": "right here and hit submit and you're"}, {"end": "00:03:25", "start": "00:03:22", "text": "good to go. Also, as long as you're"}, {"end": "00:03:28", "start": "00:03:24", "text": "watching live events, they're going to"}, {"end": "00:03:30", "start": "00:03:25", "text": "give you a code. And um we'll go over to"}, {"end": "00:03:32", "start": "00:03:28", "text": "back to Twitter for a sec. Starless TV"}, {"end": "00:03:35", "start": "00:03:30", "text": "made a sweet little cheat guide right"}, {"end": "00:03:37", "start": "00:03:32", "text": "here on X. Um, you can screenshot this"}, {"end": "00:03:39", "start": "00:03:35", "text": "or you can go over I have it retweeted"}, {"end": "00:03:40", "start": "00:03:37", "text": "on my Twitter or you can follow Starless"}, {"end": "00:03:42", "start": "00:03:39", "text": "TV on Twitter, which you probably"}, {"end": "00:03:45", "start": "00:03:40", "text": "should, and uh, read it there. Um, but"}, {"end": "00:03:47", "start": "00:03:42", "text": "it says, \"Earn tickets all week by being"}, {"end": "00:03:49", "start": "00:03:45", "text": "active, by playing events, by typing in"}, {"end": "00:03:51", "start": "00:03:47", "text": "exclamation point GM for good morning"}, {"end": "00:03:52", "start": "00:03:49", "text": "every single day. You get 100 free"}, {"end": "00:03:54", "start": "00:03:51", "text": "tickets for that, for using fun"}, {"end": "00:03:56", "start": "00:03:52", "text": "commands.\" So, you can actually duel"}, {"end": "00:03:58", "start": "00:03:54", "text": "another person on Discord by uh, and"}, {"end": "00:04:00", "start": "00:03:56", "text": "play rock paper scissors. Um, you can do"}, {"end": "00:04:02", "start": "00:03:58", "text": "the dgen spin. And this is what you have"}, {"end": "00:04:04", "start": "00:04:00", "text": "to do. You have to do the back slash"}, {"end": "00:04:07", "start": "00:04:02", "text": "duel. That's what you type into Discord"}, {"end": "00:04:08", "start": "00:04:04", "text": "and um and and then I think for for the"}, {"end": "00:04:11", "start": "00:04:07", "text": "duel then you have to put the person's"}, {"end": "00:04:12", "start": "00:04:08", "text": "name the at the at sign and then they're"}, {"end": "00:04:14", "start": "00:04:11", "text": "like discord name and then and then you"}, {"end": "00:04:16", "start": "00:04:12", "text": "do how many like a number of how many"}, {"end": "00:04:18", "start": "00:04:14", "text": "tickets that you want to bet and rock"}, {"end": "00:04:19", "start": "00:04:16", "text": "paper scissors the dgen spin I believe"}, {"end": "00:04:22", "start": "00:04:18", "text": "the same thing um you can do this every"}, {"end": "00:04:24", "start": "00:04:19", "text": "four hours um and we'll go back to"}, {"end": "00:04:27", "start": "00:04:22", "text": "discord in a sec um and look at the odds"}, {"end": "00:04:28", "start": "00:04:24", "text": "of that um inven uh back/inventory to"}, {"end": "00:04:30", "start": "00:04:27", "text": "check how many tickets you have back"}, {"end": "00:04:32", "start": "00:04:28", "text": "slashclaim so this is how you'd claim"}, {"end": "00:04:34", "start": "00:04:30", "text": "your daily code um if they give you like"}, {"end": "00:04:36", "start": "00:04:32", "text": "a special secret word um on Discord"}, {"end": "00:04:38", "start": "00:04:34", "text": "during one of the events. You uh type"}, {"end": "00:04:39", "start": "00:04:36", "text": "that in right there. A back slash"}, {"end": "00:04:41", "start": "00:04:38", "text": "setwallet. This is how you link your"}, {"end": "00:04:42", "start": "00:04:39", "text": "wallet, but I already showed you how to"}, {"end": "00:04:44", "start": "00:04:41", "text": "do that. Um back/ leaderboard, see who"}, {"end": "00:04:48", "start": "00:04:42", "text": "the top holders are, and then the help"}, {"end": "00:04:50", "start": "00:04:44", "text": "command. Um so, if we go over to is it"}, {"end": "00:04:52", "start": "00:04:48", "text": "hold on games guide. So, the games guide"}, {"end": "00:04:54", "start": "00:04:50", "text": "right here actually shows you uh if you"}, {"end": "00:04:55", "start": "00:04:52", "text": "click that, you can read all about how"}, {"end": "00:04:57", "start": "00:04:54", "text": "to do all the games. But you can see"}, {"end": "00:04:59", "start": "00:04:55", "text": "right here for the DGEN, it gives you"}, {"end": "00:05:00", "start": "00:04:57", "text": "actually the percentages of how, you"}, {"end": "00:05:02", "start": "00:04:59", "text": "know, like what percentage you might"}, {"end": "00:05:03", "start": "00:05:00", "text": "lose your tickets or you might get a"}, {"end": "00:05:06", "start": "00:05:02", "text": "small win or you might hit the jackpot,"}, {"end": "00:05:08", "start": "00:05:03", "text": "which is 5x your tickets. Um, and this"}, {"end": "00:05:10", "start": "00:05:06", "text": "is how you would duel. You do the back"}, {"end": "00:05:12", "start": "00:05:08", "text": "slash duel, then you put the person's"}, {"end": "00:05:14", "start": "00:05:10", "text": "username in, and then the amount. And I"}, {"end": "00:05:16", "start": "00:05:12", "text": "don't know if you have to do the uh the"}, {"end": "00:05:17", "start": "00:05:14", "text": "left and right um little triangles here."}, {"end": "00:05:19", "start": "00:05:16", "text": "I forget what those are called. Um, but"}, {"end": "00:05:20", "start": "00:05:17", "text": "you might have to do those two. Again,"}, {"end": "00:05:22", "start": "00:05:19", "text": "all you have to do is go to the games"}, {"end": "00:05:24", "start": "00:05:20", "text": "guide um and you can read all about it"}, {"end": "00:05:25", "start": "00:05:22", "text": "right there. There's also the rules um"}, {"end": "00:05:28", "start": "00:05:24", "text": "basically saying that you have to be 18"}, {"end": "00:05:30", "start": "00:05:25", "text": "or older and then the help guide if you"}, {"end": "00:05:31", "start": "00:05:28", "text": "guys have any questions on that. Um it"}, {"end": "00:05:33", "start": "00:05:30", "text": "kind of gives you a little bit of a"}, {"end": "00:05:35", "start": "00:05:31", "text": "synopsis on um what's going on right"}, {"end": "00:05:38", "start": "00:05:33", "text": "there. So, you'll have to go and look"}, {"end": "00:05:39", "start": "00:05:35", "text": "for um also like u for different people"}, {"end": "00:05:41", "start": "00:05:38", "text": "that are giving away tickets. So, I'm"}, {"end": "00:05:43", "start": "00:05:39", "text": "giving away every single time um I pull"}, {"end": "00:05:45", "start": "00:05:41", "text": "a winner for one of my contests, they"}, {"end": "00:05:47", "start": "00:05:43", "text": "get a code for 400 tickets, which is"}, {"end": "00:05:49", "start": "00:05:45", "text": "pretty sweet. Um, now the day the daily"}, {"end": "00:05:51", "start": "00:05:47", "text": "that we just had actually was pretty um"}, {"end": "00:05:53", "start": "00:05:49", "text": "let's do let's check how many tickets I"}, {"end": "00:05:54", "start": "00:05:51", "text": "got cuz um I did the GM and I did the"}, {"end": "00:05:57", "start": "00:05:53", "text": "one code word and I got a ton of"}, {"end": "00:05:58", "start": "00:05:54", "text": "tickets. Um so let's see. Check your"}, {"end": "00:06:00", "start": "00:05:57", "text": "community tickets. You just have to"}, {"end": "00:06:03", "start": "00:05:58", "text": "click that and then you scroll down and"}, {"end": "00:06:05", "start": "00:06:00", "text": "just for doing those two things um I got"}, {"end": "00:06:08", "start": "00:06:03", "text": "um 2560"}, {"end": "00:06:11", "start": "00:06:05", "text": "tickets. So I think you get 20 Oh, it's"}, {"end": "00:06:14", "start": "00:06:08", "text": "uh 2 to four. Um I guess that would be"}, {"end": "00:06:16", "start": "00:06:11", "text": "426 or it's 246 I guess is what how they"}, {"end": "00:06:18", "start": "00:06:14", "text": "have it. Um, but anyway, that's how many"}, {"end": "00:06:19", "start": "00:06:16", "text": "tickets you get. And uh I think that was"}, {"end": "00:06:21", "start": "00:06:18", "text": "kind of supposed to be a pun on the 4 to"}, {"end": "00:06:23", "start": "00:06:19", "text": "6. So for for instance, for me um how"}, {"end": "00:06:25", "start": "00:06:21", "text": "I'm doing my giveaway is um for"}, {"end": "00:06:27", "start": "00:06:23", "text": "tomorrow, if you're watching this uh"}, {"end": "00:06:29", "start": "00:06:25", "text": "within like I don't know like 20 hours"}, {"end": "00:06:30", "start": "00:06:27", "text": "after I'm making it, um what you have to"}, {"end": "00:06:32", "start": "00:06:29", "text": "do is you have to tell me who you think"}, {"end": "00:06:34", "start": "00:06:30", "text": "you are going to who's going to win for"}, {"end": "00:06:37", "start": "00:06:32", "text": "the best guild in the Copa event"}, {"end": "00:06:38", "start": "00:06:34", "text": "tomorrow. Um who's going to take it all."}, {"end": "00:06:40", "start": "00:06:37", "text": "Um I gave a list of all the um different"}, {"end": "00:06:42", "start": "00:06:38", "text": "guilds that are competing tomorrow. Um,"}, {"end": "00:06:44", "start": "00:06:40", "text": "and you just have to like and retweet"}, {"end": "00:06:46", "start": "00:06:42", "text": "this. And I'm just going to pull five"}, {"end": "00:06:47", "start": "00:06:44", "text": "winners. Um, either either on Tuesday or"}, {"end": "00:06:50", "start": "00:06:46", "text": "Wednesday, I'll pull five winners. And I"}, {"end": "00:06:53", "start": "00:06:47", "text": "did another one. If we go back, um, all"}, {"end": "00:06:54", "start": "00:06:50", "text": "you have to do is watch my video and"}, {"end": "00:06:56", "start": "00:06:53", "text": "give me a comment on this video right"}, {"end": "00:06:58", "start": "00:06:54", "text": "here. Watch it, hit the like button on"}, {"end": "00:07:00", "start": "00:06:56", "text": "that video and make a comment on it and"}, {"end": "00:07:02", "start": "00:06:58", "text": "you're in the drawing for another 400"}, {"end": "00:07:04", "start": "00:07:00", "text": "tickets if I pull your name. Um, I'll do"}, {"end": "00:07:06", "start": "00:07:02", "text": "a random um, pull on that on Wednesday."}, {"end": "00:07:08", "start": "00:07:04", "text": "Um, so and just in case you guys don't"}, {"end": "00:07:12", "start": "00:07:06", "text": "know, there's a little $15,000"}, {"end": "00:07:15", "start": "00:07:08", "text": "worth of uh hold on one sec. Here we go."}, {"end": "00:07:17", "start": "00:07:12", "text": "$15,000 worth of prizes, including a"}, {"end": "00:07:20", "start": "00:07:15", "text": "griick, a sunpaw, which is a killer ship"}, {"end": "00:07:21", "start": "00:07:17", "text": "right there. Um, so man man, do what you"}, {"end": "00:07:22", "start": "00:07:20", "text": "got to do to try to win all the tickets"}, {"end": "00:07:24", "start": "00:07:21", "text": "you possibly can. And then they're going"}, {"end": "00:07:25", "start": "00:07:22", "text": "to um I think it says it's automat"}, {"end": "00:07:27", "start": "00:07:24", "text": "they're automatically entered at the end"}, {"end": "00:07:29", "start": "00:07:25", "text": "of the week on Saturday and they'll be"}, {"end": "00:07:32", "start": "00:07:27", "text": "pulling names for uh yeah, for all those"}, {"end": "00:07:33", "start": "00:07:29", "text": "prizes. Now u this is what really booted"}, {"end": "00:07:35", "start": "00:07:32", "text": "me to make a video tonight. Look at this"}, {"end": "00:07:38", "start": "00:07:33", "text": "man. Hollow Sim is about to end in two"}, {"end": "00:07:39", "start": "00:07:35", "text": "days and 22 hours. So, I'm not too sure"}, {"end": "00:07:41", "start": "00:07:38", "text": "if this will be tied into something to"}, {"end": "00:07:42", "start": "00:07:39", "text": "do with the town hall, but this it says"}, {"end": "00:07:44", "start": "00:07:41", "text": "right here, Hollow Hollow Sim season"}, {"end": "00:07:45", "start": "00:07:42", "text": "ending soon. So, this was the first"}, {"end": "00:07:47", "start": "00:07:44", "text": "season of Hollow Sim. And it was totally"}, {"end": "00:07:48", "start": "00:07:45", "text": "like the the try out beta to make sure"}, {"end": "00:07:50", "start": "00:07:47", "text": "the blockchain all worked and stuff like"}, {"end": "00:07:52", "start": "00:07:48", "text": "that. And so, we were all basically kind"}, {"end": "00:07:53", "start": "00:07:50", "text": "of like uh testers or guinea pigs to see"}, {"end": "00:07:56", "start": "00:07:52", "text": "if this would all work. And I love this"}, {"end": "00:07:57", "start": "00:07:53", "text": "game so much. I actually am like trying"}, {"end": "00:07:58", "start": "00:07:56", "text": "to crank through a bunch of the last"}, {"end": "00:08:00", "start": "00:07:57", "text": "quests um because I was going really"}, {"end": "00:08:01", "start": "00:07:58", "text": "slow. I was recording my whole"}, {"end": "00:08:02", "start": "00:08:00", "text": "playthrough and uh I'm not going to be"}, {"end": "00:08:05", "start": "00:08:01", "text": "able to finish the game now because I"}, {"end": "00:08:07", "start": "00:08:02", "text": "took too long. Um but anyway, it says um"}, {"end": "00:08:09", "start": "00:08:05", "text": "link your wallet to the um mainet wallet"}, {"end": "00:08:12", "start": "00:08:07", "text": "pub key in your hollow sim settings to"}, {"end": "00:08:13", "start": "00:08:09", "text": "qualify for end of season cosmetic"}, {"end": "00:08:15", "start": "00:08:12", "text": "rewards. So there is going to be a"}, {"end": "00:08:16", "start": "00:08:13", "text": "reward for you know just for playing for"}, {"end": "00:08:18", "start": "00:08:15", "text": "being you know testing. Anyone in the"}, {"end": "00:08:21", "start": "00:08:16", "text": "winning faction will also receive"}, {"end": "00:08:23", "start": "00:08:18", "text": "rewards based on contract redemption"}, {"end": "00:08:26", "start": "00:08:21", "text": "performance. Don't miss out on exclusive"}, {"end": "00:08:27", "start": "00:08:23", "text": "rewards um for your tactical excellence."}, {"end": "00:08:29", "start": "00:08:26", "text": "So, if you go over to the settings"}, {"end": "00:08:31", "start": "00:08:27", "text": "button, I already linked my wallet right"}, {"end": "00:08:33", "start": "00:08:29", "text": "here, but you there's a little um uh"}, {"end": "00:08:34", "start": "00:08:31", "text": "there's a tab right here for link"}, {"end": "00:08:36", "start": "00:08:33", "text": "wallet. You click that and what you want"}, {"end": "00:08:38", "start": "00:08:34", "text": "to do is you want to copy go to uh"}, {"end": "00:08:40", "start": "00:08:36", "text": "whatever public wallet you want to use"}, {"end": "00:08:42", "start": "00:08:38", "text": "um a Salana based wallet and copy and"}, {"end": "00:08:45", "start": "00:08:40", "text": "paste your Salana based wallet public"}, {"end": "00:08:47", "start": "00:08:42", "text": "key. That's what pub key is right there."}, {"end": "00:08:50", "start": "00:08:45", "text": "Just um copy and paste it and then it"}, {"end": "00:08:51", "start": "00:08:47", "text": "says um current um it will have this"}, {"end": "00:08:55", "start": "00:08:50", "text": "right here current wallet linked. And"}, {"end": "00:08:57", "start": "00:08:51", "text": "then you can hit show at any time. So,"}, {"end": "00:08:59", "start": "00:08:55", "text": "that's how you do that. And uh you know,"}, {"end": "00:09:01", "start": "00:08:57", "text": "I'm now in, you know, all set to um get"}, {"end": "00:09:02", "start": "00:08:59", "text": "that special cosmetic. I don't think on"}, {"end": "00:09:04", "start": "00:09:01", "text": "is going to win. I've been playing Oni"}, {"end": "00:09:07", "start": "00:09:02", "text": "and um from what I've been hearing, Oni"}, {"end": "00:09:08", "start": "00:09:04", "text": "is in third place um of all things. So,"}, {"end": "00:09:10", "start": "00:09:07", "text": "I don't think I will be in the running"}, {"end": "00:09:12", "start": "00:09:08", "text": "for any of the special rewards, but I'm"}, {"end": "00:09:14", "start": "00:09:10", "text": "still exa, you know, excited to get that"}, {"end": "00:09:15", "start": "00:09:12", "text": "um cosmetic. Um I just want to point"}, {"end": "00:09:18", "start": "00:09:14", "text": "this out real fast. Thank god that"}, {"end": "00:09:20", "start": "00:09:15", "text": "Cipher Wall actually um um posted about"}, {"end": "00:09:22", "start": "00:09:18", "text": "it cuz I missed this. Um but it must"}, {"end": "00:09:23", "start": "00:09:20", "text": "have been part of Aphia's um 4-year"}, {"end": "00:09:25", "start": "00:09:22", "text": "anniversary when they do all their"}, {"end": "00:09:27", "start": "00:09:23", "text": "special cool stuff for us. I love that"}, {"end": "00:09:29", "start": "00:09:25", "text": "API like gives all this stuff back to"}, {"end": "00:09:31", "start": "00:09:27", "text": "the community. Um but they have this"}, {"end": "00:09:34", "start": "00:09:29", "text": "team tracker right here and at the"}, {"end": "00:09:37", "start": "00:09:31", "text": "moment it has just the um the Atlas Brew"}, {"end": "00:09:39", "start": "00:09:34", "text": "guys. It has um N has uh Jose um Domain"}, {"end": "00:09:41", "start": "00:09:37", "text": "and Santi are three guys from the Atlas"}, {"end": "00:09:42", "start": "00:09:39", "text": "Brew and it's tracking everything that"}, {"end": "00:09:44", "start": "00:09:41", "text": "they're saying in Discord which is"}, {"end": "00:09:46", "start": "00:09:42", "text": "pretty cool. Um I'm wondering if he's"}, {"end": "00:09:48", "start": "00:09:44", "text": "going to, you know, add more or they're"}, {"end": "00:09:50", "start": "00:09:46", "text": "going to add more um like, you know,"}, {"end": "00:09:52", "start": "00:09:48", "text": "Michael Wagner and uh um some of the"}, {"end": "00:09:54", "start": "00:09:50", "text": "like Chipo and some of the other um dev"}, {"end": "00:09:55", "start": "00:09:52", "text": "teams. Um it'll be like Danny Floyd and"}, {"end": "00:09:56", "start": "00:09:54", "text": "stuff like that. It'll be really cool to"}, {"end": "00:09:58", "start": "00:09:55", "text": "see what everyone's saying so you don't"}, {"end": "00:10:00", "start": "00:09:56", "text": "miss any alpha. But right now there's a"}, {"end": "00:10:01", "start": "00:09:58", "text": "lot of little short words cuz everyone's"}, {"end": "00:10:02", "start": "00:10:00", "text": "kind of hyped and there's a total vibe"}, {"end": "00:10:04", "start": "00:10:01", "text": "going on in Discord cuz everyone's"}, {"end": "00:10:05", "start": "00:10:02", "text": "excited about Star Atlas Summer. Um, but"}, {"end": "00:10:06", "start": "00:10:04", "text": "it would be cool if you know you can"}, {"end": "00:10:07", "start": "00:10:05", "text": "scroll through and try to find some of"}, {"end": "00:10:09", "start": "00:10:06", "text": "the bigger stuff like this and maybe"}, {"end": "00:10:11", "start": "00:10:07", "text": "that might be like an explanation of"}, {"end": "00:10:12", "start": "00:10:09", "text": "something that you might um really uh"}, {"end": "00:10:14", "start": "00:10:11", "text": "need, you know, or feel like it really"}, {"end": "00:10:16", "start": "00:10:12", "text": "helps you through Star Atlas. So cool"}, {"end": "00:10:18", "start": "00:10:14", "text": "cool cool little app right there, man."}, {"end": "00:10:19", "start": "00:10:16", "text": "I've been really psyched about um Polus."}, {"end": "00:10:21", "start": "00:10:18", "text": "I've been doing a like a Polus like"}, {"end": "00:10:24", "start": "00:10:19", "text": "poster series. Like here's one, here's"}, {"end": "00:10:26", "start": "00:10:21", "text": "one I did. Here's another man. And uh"}, {"end": "00:10:27", "start": "00:10:24", "text": "yeah, this is the first one I did. I"}, {"end": "00:10:29", "start": "00:10:26", "text": "just think that Polus like you know it"}, {"end": "00:10:30", "start": "00:10:27", "text": "like it basically hit its alltime low"}, {"end": "00:10:32", "start": "00:10:29", "text": "not too long ago with all the stuff that"}, {"end": "00:10:34", "start": "00:10:30", "text": "Star Atlas is putting out there. It's"}, {"end": "00:10:36", "start": "00:10:32", "text": "kind of crazy that Polus is going, you"}, {"end": "00:10:38", "start": "00:10:34", "text": "know, like, you know, just got so"}, {"end": "00:10:39", "start": "00:10:36", "text": "squashed over the, you know, this, it's"}, {"end": "00:10:41", "start": "00:10:38", "text": "like basically still like the micro caps"}, {"end": "00:10:42", "start": "00:10:39", "text": "are still in their bare market. So, I'm"}, {"end": "00:10:44", "start": "00:10:41", "text": "really excited about Polus, but I want"}, {"end": "00:10:47", "start": "00:10:42", "text": "to play this quick commercial um that"}, {"end": "00:10:49", "start": "00:10:44", "text": "the guys that are um I believe what the"}, {"end": "00:10:50", "start": "00:10:47", "text": "team said. Oh man, I realize I can't"}, {"end": "00:10:52", "start": "00:10:49", "text": "play it because you guys got to go to"}, {"end": "00:10:54", "start": "00:10:50", "text": "Star Atlas TV. Um and if you didn't"}, {"end": "00:10:55", "start": "00:10:52", "text": "watch the kickoff event, um at least"}, {"end": "00:10:56", "start": "00:10:54", "text": "check this out right here. But you"}, {"end": "00:10:58", "start": "00:10:55", "text": "should watch the whole kickoff event cuz"}, {"end": "00:11:00", "start": "00:10:56", "text": "it was awesome, you know. But this this"}, {"end": "00:11:02", "start": "00:10:58", "text": "like uh it's basically like almost like"}, {"end": "00:11:04", "start": "00:11:00", "text": "um a parody commercial, but it's all"}, {"end": "00:11:06", "start": "00:11:02", "text": "about Polus. I love it. So, um because"}, {"end": "00:11:08", "start": "00:11:04", "text": "of the music uh copyright situation on"}, {"end": "00:11:09", "start": "00:11:06", "text": "YouTube, I can't play it. But, you know"}, {"end": "00:11:12", "start": "00:11:08", "text": "what I can do is maybe put it on"}, {"end": "00:11:14", "start": "00:11:09", "text": "Twitter. Um maybe I can find it um the"}, {"end": "00:11:15", "start": "00:11:12", "text": "original and repost it. And if not,"}, {"end": "00:11:17", "start": "00:11:14", "text": "maybe I can actually just like uh record"}, {"end": "00:11:19", "start": "00:11:15", "text": "this right here off of Starless TV and"}, {"end": "00:11:21", "start": "00:11:17", "text": "put this one commercial. It's so good,"}, {"end": "00:11:22", "start": "00:11:19", "text": "man. So, so good. Um now, we talked all"}, {"end": "00:11:23", "start": "00:11:21", "text": "about that trailer. That's the last"}, {"end": "00:11:26", "start": "00:11:22", "text": "thing I want to do. You guys can cast it"}, {"end": "00:11:28", "start": "00:11:23", "text": "to your TV um in high quality. cast on"}, {"end": "00:11:30", "start": "00:11:26", "text": "your big screen 80in TV um if you have"}, {"end": "00:11:34", "start": "00:11:28", "text": "it. Um so without further ado, man,"}, {"end": "00:11:34", "start": "00:11:30", "text": "let's check out this trailer."}, {"end": "00:12:07", "start": "00:12:04", "text": "Heat. Heat."}, {"end": "00:12:27", "start": "00:12:24", "text": "Heat."}, {"end": "00:12:30", "start": "00:12:27", "text": "Heat."}, {"end": "00:12:54", "start": "00:12:49", "text": "So,"}, {"end": "00:12:56", "start": "00:12:51", "text": "man, this Pisoul's arena is popping,"}, {"end": "00:12:57", "start": "00:12:54", "text": "man. I love it. And look at the"}, {"end": "00:12:59", "start": "00:12:56", "text": "reflections. I mean, not talk about"}, {"end": "00:13:01", "start": "00:12:57", "text": "cinematic. Look at the reflections just"}, {"end": "00:13:03", "start": "00:12:59", "text": "right there in the water. Remember when"}, {"end": "00:13:05", "start": "00:13:01", "text": "we first started playing this? It was"}, {"end": "00:13:07", "start": "00:13:03", "text": "just kind of like, you know, like just"}, {"end": "00:13:09", "start": "00:13:05", "text": "like blocky boxes, you know, with like"}, {"end": "00:13:11", "start": "00:13:07", "text": "some kind of pie in color. Look at that,"}, {"end": "00:13:12", "start": "00:13:09", "text": "dude."}, {"end": "00:13:14", "start": "00:13:11", "text": "This is phenomenal. And then check this"}, {"end": "00:13:16", "start": "00:13:12", "text": "out. There's a whole load out now that"}, {"end": "00:13:19", "start": "00:13:14", "text": "we're going to have, including like the"}, {"end": "00:13:21", "start": "00:13:16", "text": "load out of the like like"}, {"end": "00:13:24", "start": "00:13:19", "text": "things. And I guess that depending on"}, {"end": "00:13:25", "start": "00:13:21", "text": "how you choose like which like load out"}, {"end": "00:13:26", "start": "00:13:24", "text": "that you choose is actually going to"}, {"end": "00:13:28", "start": "00:13:25", "text": "totally change your play style. Like how"}, {"end": "00:13:30", "start": "00:13:26", "text": "you fly and move. And you know,"}, {"end": "00:13:32", "start": "00:13:28", "text": "movement's huge. Movement's huge in a"}, {"end": "00:13:35", "start": "00:13:30", "text": "shooter like this. This is cool stuff."}, {"end": "00:13:37", "start": "00:13:32", "text": "That is insane. That trailer right"}, {"end": "00:13:39", "start": "00:13:35", "text": "there. And this is just the very very"}, {"end": "00:13:41", "start": "00:13:37", "text": "beginning of the Star Atlas summer"}, {"end": "00:13:43", "start": "00:13:39", "text": "community week. And this is we we're"}, {"end": "00:13:45", "start": "00:13:41", "text": "going to have a town hall that they said"}, {"end": "00:13:47", "start": "00:13:43", "text": "we cannot miss. And we got two more"}, {"end": "00:13:49", "start": "00:13:45", "text": "backtoback after that. Man, Star Atlas"}, {"end": "00:13:50", "start": "00:13:47", "text": "is awesome. Love you guys all. I'm going"}, {"end": "00:13:52", "start": "00:13:49", "text": "to end this video right here. Um trying"}, {"end": "00:13:53", "start": "00:13:50", "text": "to make it quick. It's late for me."}, {"end": "00:13:55", "start": "00:13:52", "text": "Didn't even expect to make this video."}, {"end": "00:13:56", "start": "00:13:53", "text": "I'm just hyped. I'm hyped. I'm vibing."}, {"end": "00:14:01", "start": "00:13:55", "text": "I'll talk to you guys in the next one."}, {"end": "00:14:01", "start": "00:13:56", "text": "Later. Heat. Heat."}]

[{"end": "00:00:05", "start": "00:00:01", "text": "Yo, what's up captains and cadets? We"}, {"end": "00:00:07", "start": "00:00:03", "text": "are going to bust into some Star Atlas"}, {"end": "00:00:10", "start": "00:00:05", "text": "news, mostly focusing on this upcoming"}, {"end": "00:00:13", "start": "00:00:07", "text": "community week of Starless Summer. Let's"}, {"end": "00:00:13", "start": "00:00:10", "text": "go."}, {"end": "00:00:28", "start": "00:00:25", "text": "Yo, what's up muds? What's up ponies?"}, {"end": "00:00:31", "start": "00:00:27", "text": "What's up boosters? And if you are new"}, {"end": "00:00:33", "start": "00:00:28", "text": "to Star Atlas, welcome man. Um, check"}, {"end": "00:00:34", "start": "00:00:31", "text": "out this graphic right here. If uh, you"}, {"end": "00:00:35", "start": "00:00:33", "text": "know, if you guys missed it somehow, I"}, {"end": "00:00:37", "start": "00:00:34", "text": "don't know how you would have missed it,"}, {"end": "00:00:40", "start": "00:00:35", "text": "but there is a ton of stuff that is"}, {"end": "00:00:43", "start": "00:00:37", "text": "about to happen in late July and early"}, {"end": "00:00:45", "start": "00:00:40", "text": "August. Um, man, we'll touch base on"}, {"end": "00:00:46", "start": "00:00:43", "text": "this graphic in just a second and talk"}, {"end": "00:00:48", "start": "00:00:45", "text": "about all the things that are happening."}, {"end": "00:00:50", "start": "00:00:46", "text": "Um, but first I wanted to give a huge"}, {"end": "00:00:52", "start": "00:00:48", "text": "congratulations and shout out to Dominic"}, {"end": "00:00:54", "start": "00:00:50", "text": "Vain who just became the head of"}, {"end": "00:00:56", "start": "00:00:52", "text": "marketing. Um, now do Dominic Vain um,"}, {"end": "00:00:58", "start": "00:00:54", "text": "his title's removed from X and I think"}, {"end": "00:01:01", "start": "00:00:56", "text": "he was like the senior community"}, {"end": "00:01:03", "start": "00:00:58", "text": "director. Um, I sometimes get mixed up"}, {"end": "00:01:05", "start": "00:01:01", "text": "between um, his title and Santi's title,"}, {"end": "00:01:08", "start": "00:01:03", "text": "but now he is the head of marketing. Um,"}, {"end": "00:01:10", "start": "00:01:05", "text": "the team has not put a lot of effort or"}, {"end": "00:01:13", "start": "00:01:08", "text": "money almost zero money into marketing"}, {"end": "00:01:14", "start": "00:01:10", "text": "thus so far. Um, and this is because"}, {"end": "00:01:18", "start": "00:01:13", "text": "they just really wanted to focus upon"}, {"end": "00:01:19", "start": "00:01:14", "text": "development. The reason that marketing"}, {"end": "00:01:20", "start": "00:01:18", "text": "they thought would have been a waste of"}, {"end": "00:01:23", "start": "00:01:19", "text": "money is why market something when they"}, {"end": "00:01:26", "start": "00:01:20", "text": "don't have a game to show. And after"}, {"end": "00:01:28", "start": "00:01:23", "text": "these um new dates have been kind of"}, {"end": "00:01:30", "start": "00:01:26", "text": "like put forth on all this new excellent"}, {"end": "00:01:32", "start": "00:01:28", "text": "stuff that is about to happen into the"}, {"end": "00:01:35", "start": "00:01:30", "text": "world of Star Atlas, um they really want"}, {"end": "00:01:37", "start": "00:01:32", "text": "to amp up their uh their marketing and"}, {"end": "00:01:40", "start": "00:01:35", "text": "um Dom Bane has been promoted into this"}, {"end": "00:01:42", "start": "00:01:37", "text": "position. And how he said he's going to"}, {"end": "00:01:44", "start": "00:01:40", "text": "go about and do it is I took some notes"}, {"end": "00:01:46", "start": "00:01:42", "text": "here. So, one of the first things that"}, {"end": "00:01:48", "start": "00:01:44", "text": "they want to do is to revamp the"}, {"end": "00:01:50", "start": "00:01:46", "text": "staratlas.com page right here. Um, this"}, {"end": "00:01:53", "start": "00:01:48", "text": "style page was like all the rage maybe"}, {"end": "00:01:54", "start": "00:01:50", "text": "like, you know, 3, four, 5 years ago,"}, {"end": "00:01:56", "start": "00:01:53", "text": "like having um, you know, a page that"}, {"end": "00:01:57", "start": "00:01:54", "text": "like kind of worked like this. Um, but"}, {"end": "00:01:59", "start": "00:01:56", "text": "it's not really, you know, kind of"}, {"end": "00:02:01", "start": "00:01:57", "text": "showing anything that is going on in"}, {"end": "00:02:02", "start": "00:01:59", "text": "Star Atlas. If we kind of scroll through"}, {"end": "00:02:04", "start": "00:02:01", "text": "it, I mean, right off the bat, I feel"}, {"end": "00:02:06", "start": "00:02:02", "text": "like there should be some like, you"}, {"end": "00:02:08", "start": "00:02:04", "text": "know, really cool Unreal Engine um 5"}, {"end": "00:02:10", "start": "00:02:06", "text": "footage, you know, some footage, you"}, {"end": "00:02:12", "start": "00:02:08", "text": "know, bam, you know, we got Hollow Sim,"}, {"end": "00:02:15", "start": "00:02:10", "text": "bam, we got, you know, um Starbase, bam,"}, {"end": "00:02:17", "start": "00:02:12", "text": "this is like the fighter version of uh"}, {"end": "00:02:18", "start": "00:02:15", "text": "UE5. Plus, you know, hopefully we're"}, {"end": "00:02:20", "start": "00:02:17", "text": "going to be getting out some new"}, {"end": "00:02:22", "start": "00:02:18", "text": "releases in UI5 this upcoming week at"}, {"end": "00:02:23", "start": "00:02:20", "text": "the time of making this video. So, this"}, {"end": "00:02:25", "start": "00:02:22", "text": "will be awesome. Um, people have been"}, {"end": "00:02:26", "start": "00:02:23", "text": "actually complaining about the Star"}, {"end": "00:02:28", "start": "00:02:25", "text": "Atlas website and the marketplace"}, {"end": "00:02:30", "start": "00:02:26", "text": "website that both need to be revamped"}, {"end": "00:02:32", "start": "00:02:28", "text": "for quite a while. So, I'm glad that"}, {"end": "00:02:34", "start": "00:02:30", "text": "they're going to put a focus on this."}, {"end": "00:02:36", "start": "00:02:32", "text": "Um, they said that there's going to be a"}, {"end": "00:02:38", "start": "00:02:34", "text": "new email marketing funnel mechanism."}, {"end": "00:02:40", "start": "00:02:36", "text": "They said they get a lot of emails every"}, {"end": "00:02:41", "start": "00:02:38", "text": "single day. Not like like once a week,"}, {"end": "00:02:43", "start": "00:02:40", "text": "like every single day. They're getting a"}, {"end": "00:02:45", "start": "00:02:41", "text": "ton of different emails. And, um, they"}, {"end": "00:02:47", "start": "00:02:43", "text": "now have to start, you know, focusing on"}, {"end": "00:02:48", "start": "00:02:45", "text": "those emails, talking back to people,"}, {"end": "00:02:49", "start": "00:02:47", "text": "um, and, you know, working with the"}, {"end": "00:02:51", "start": "00:02:48", "text": "people that are trying to get in touch"}, {"end": "00:02:52", "start": "00:02:49", "text": "with Star Atlas, you know, and, um, you"}, {"end": "00:02:55", "start": "00:02:51", "text": "know, possibly making some new"}, {"end": "00:02:56", "start": "00:02:52", "text": "partnerships and, uh, you know, going on"}, {"end": "00:03:00", "start": "00:02:55", "text": "from there. Um, they said that they're"}, {"end": "00:03:01", "start": "00:02:56", "text": "going to focus on YouTube and content"}, {"end": "00:03:03", "start": "00:03:00", "text": "creation. They think content creation is"}, {"end": "00:03:05", "start": "00:03:01", "text": "the best way to go about marketing,"}, {"end": "00:03:07", "start": "00:03:03", "text": "which is something that I do. So, that"}, {"end": "00:03:08", "start": "00:03:05", "text": "I'm pretty excited about that. Um, and"}, {"end": "00:03:11", "start": "00:03:07", "text": "they're going to go for a bunch of new"}, {"end": "00:03:12", "start": "00:03:08", "text": "content creator partnerships. Um, and"}, {"end": "00:03:14", "start": "00:03:11", "text": "they said that they're going to focus on"}, {"end": "00:03:16", "start": "00:03:12", "text": "web 3 content creation, but um, also"}, {"end": "00:03:19", "start": "00:03:14", "text": "other um, I think crypto marketing"}, {"end": "00:03:21", "start": "00:03:16", "text": "content creation and uh, maybe even web"}, {"end": "00:03:22", "start": "00:03:19", "text": "2 um, content creation when they get a"}, {"end": "00:03:24", "start": "00:03:21", "text": "little more confidence that people are"}, {"end": "00:03:26", "start": "00:03:22", "text": "liking the gameplay. So, way to go,"}, {"end": "00:03:28", "start": "00:03:24", "text": "Dominic Vain, man. Congratulations. Um,"}, {"end": "00:03:30", "start": "00:03:26", "text": "his videos also that he's been putting"}, {"end": "00:03:32", "start": "00:03:28", "text": "out are phenomenal. And he says that um"}, {"end": "00:03:34", "start": "00:03:30", "text": "I I remember him saying something about"}, {"end": "00:03:36", "start": "00:03:32", "text": "that he's going to continue on making"}, {"end": "00:03:37", "start": "00:03:34", "text": "these videos, maybe ramp up um the"}, {"end": "00:03:38", "start": "00:03:36", "text": "amount of content. He's going to be busy"}, {"end": "00:03:40", "start": "00:03:37", "text": "like, you know, super busy. So, I'm sure"}, {"end": "00:03:41", "start": "00:03:38", "text": "it might take him a little while to"}, {"end": "00:03:43", "start": "00:03:40", "text": "catch up on making these videos, but"}, {"end": "00:03:45", "start": "00:03:41", "text": "he's just one of the best content"}, {"end": "00:03:46", "start": "00:03:43", "text": "creators for Star Atlas. And he works"}, {"end": "00:03:48", "start": "00:03:45", "text": "for Star Atlas, so that works out really"}, {"end": "00:03:50", "start": "00:03:46", "text": "good because he can actually post the"}, {"end": "00:03:53", "start": "00:03:48", "text": "videos right on the Star Atlas website."}, {"end": "00:03:54", "start": "00:03:50", "text": "All right, so next man, we're gonna pop"}, {"end": "00:03:56", "start": "00:03:53", "text": "back to this graphic in just a second. I"}, {"end": "00:03:58", "start": "00:03:54", "text": "just want to go over to Discord, though."}, {"end": "00:04:00", "start": "00:03:56", "text": "And um there is some meetups. I think"}, {"end": "00:04:01", "start": "00:03:58", "text": "this is so cool. Um they say that, you"}, {"end": "00:04:03", "start": "00:04:00", "text": "know, anyone that has ever been to a"}, {"end": "00:04:04", "start": "00:04:01", "text": "Atlas meetup says that it's like you"}, {"end": "00:04:06", "start": "00:04:03", "text": "just make basically make friends for"}, {"end": "00:04:08", "start": "00:04:04", "text": "life. Um being able to meet someone in"}, {"end": "00:04:10", "start": "00:04:06", "text": "person, you know, cuz everyone kind of"}, {"end": "00:04:12", "start": "00:04:08", "text": "like we're almost all like rappers. We"}, {"end": "00:04:14", "start": "00:04:10", "text": "all go by our uh you know, by a fake"}, {"end": "00:04:16", "start": "00:04:12", "text": "name, you know. So it's kind of cool to"}, {"end": "00:04:17", "start": "00:04:14", "text": "be able to actually meet the the the man"}, {"end": "00:04:19", "start": "00:04:16", "text": "behind the code name, you know. It's"}, {"end": "00:04:21", "start": "00:04:17", "text": "like it's it's funny how many people uh"}, {"end": "00:04:23", "start": "00:04:19", "text": "you know like I have no clue what their"}, {"end": "00:04:24", "start": "00:04:21", "text": "real names are. Like I mean the majority"}, {"end": "00:04:25", "start": "00:04:23", "text": "of people that you know I interact with"}, {"end": "00:04:27", "start": "00:04:24", "text": "in Star Atlas I have no clue what their"}, {"end": "00:04:30", "start": "00:04:25", "text": "names are. We all go by our uh you know"}, {"end": "00:04:32", "start": "00:04:27", "text": "by our gaming name. Um so this is going"}, {"end": "00:04:34", "start": "00:04:30", "text": "to be super cool to um you know maybe"}, {"end": "00:04:37", "start": "00:04:32", "text": "see some photos and some pictures you"}, {"end": "00:04:39", "start": "00:04:34", "text": "know some hugs going on. Um but we have"}, {"end": "00:04:42", "start": "00:04:37", "text": "this one Valencia on August 6th. We have"}, {"end": "00:04:43", "start": "00:04:39", "text": "the one in Utre. Um and this is where is"}, {"end": "00:04:46", "start": "00:04:42", "text": "that? That's in the Netherlands I"}, {"end": "00:04:49", "start": "00:04:43", "text": "believe. Um, so Valencia is Spain and I"}, {"end": "00:04:51", "start": "00:04:46", "text": "took some notes on this too. Hold on."}, {"end": "00:04:54", "start": "00:04:49", "text": "Yep. Valencia, Spain. Utre is in the"}, {"end": "00:04:56", "start": "00:04:51", "text": "Netherlands and um I remember Santi"}, {"end": "00:04:58", "start": "00:04:54", "text": "saying that it is like Amsterdam but you"}, {"end": "00:05:01", "start": "00:04:56", "text": "know without all the you know crazy"}, {"end": "00:05:02", "start": "00:04:58", "text": "touristy crime and you know stuff like"}, {"end": "00:05:04", "start": "00:05:01", "text": "that. You know it's like it's a really"}, {"end": "00:05:06", "start": "00:05:02", "text": "sweet sweet place in the Netherlands."}, {"end": "00:05:08", "start": "00:05:04", "text": "And the the other one's at Game Con. Is"}, {"end": "00:05:10", "start": "00:05:06", "text": "that what Yeah, Game Con in Cologne,"}, {"end": "00:05:12", "start": "00:05:08", "text": "Germany. So that's on August 23rd. So,"}, {"end": "00:05:16", "start": "00:05:10", "text": "I'm very very exc I just I don't know."}, {"end": "00:05:17", "start": "00:05:12", "text": "It like you know it it makes my soul"}, {"end": "00:05:19", "start": "00:05:16", "text": "happy when I see Star Atlas people all"}, {"end": "00:05:21", "start": "00:05:17", "text": "you know taking pictures and you know"}, {"end": "00:05:22", "start": "00:05:19", "text": "you know having a cheers with a couple"}, {"end": "00:05:24", "start": "00:05:21", "text": "you know cold brews together. So make"}, {"end": "00:05:25", "start": "00:05:22", "text": "sure if you guys are going any of those"}, {"end": "00:05:27", "start": "00:05:24", "text": "send me some pictures, send some"}, {"end": "00:05:28", "start": "00:05:25", "text": "pictures, post some pictures on uh on"}, {"end": "00:05:30", "start": "00:05:27", "text": "Axe. I I want to make sure that I cover"}, {"end": "00:05:31", "start": "00:05:28", "text": "that and I all I owe you guys a huge"}, {"end": "00:05:34", "start": "00:05:30", "text": "recap. I haven't done a recap forever."}, {"end": "00:05:36", "start": "00:05:31", "text": "So that will be in the next recap that I"}, {"end": "00:05:38", "start": "00:05:34", "text": "do and we will touch base on this in"}, {"end": "00:05:39", "start": "00:05:36", "text": "just a second. is the Copa finalists."}, {"end": "00:05:41", "start": "00:05:38", "text": "And if you guys don't know what Copa"}, {"end": "00:05:43", "start": "00:05:39", "text": "Copa is, it's a big competition between"}, {"end": "00:05:45", "start": "00:05:41", "text": "the guilds um that gets, you know, voted"}, {"end": "00:05:46", "start": "00:05:43", "text": "on. It gets prizes. It gets all sorts of"}, {"end": "00:05:50", "start": "00:05:45", "text": "stuff. So, we'll go back to that in just"}, {"end": "00:05:53", "start": "00:05:46", "text": "a second. Now, what is going on here? We"}, {"end": "00:05:55", "start": "00:05:50", "text": "have three three town halls and a"}, {"end": "00:05:56", "start": "00:05:53", "text": "community week going on. So, um again,"}, {"end": "00:05:58", "start": "00:05:55", "text": "at the time, if you if you didn't watch"}, {"end": "00:05:59", "start": "00:05:56", "text": "this video right away, this uh community"}, {"end": "00:06:02", "start": "00:05:58", "text": "week is probably already going on. It's"}, {"end": "00:06:05", "start": "00:05:59", "text": "from July 28th till August 1st. Um there"}, {"end": "00:06:06", "start": "00:06:02", "text": "is a whole bunch of events um that is in"}, {"end": "00:06:08", "start": "00:06:05", "text": "within community week. We're going to"}, {"end": "00:06:10", "start": "00:06:06", "text": "check all that out on um Twitter in just"}, {"end": "00:06:12", "start": "00:06:08", "text": "a second or X I should say. Um and in"}, {"end": "00:06:14", "start": "00:06:10", "text": "the middle of community week is the"}, {"end": "00:06:16", "start": "00:06:12", "text": "first of the series of town halls and"}, {"end": "00:06:20", "start": "00:06:14", "text": "this town hall is supposed to primarily"}, {"end": "00:06:22", "start": "00:06:16", "text": "focus on a huge Unreal Engine 5 release."}, {"end": "00:06:24", "start": "00:06:20", "text": "This is this is exciting for me cuz I"}, {"end": "00:06:26", "start": "00:06:22", "text": "get to uh do all sorts of fancy content."}, {"end": "00:06:27", "start": "00:06:24", "text": "I love doing content for Hollow Sim and"}, {"end": "00:06:29", "start": "00:06:26", "text": "uh you know and Starbase and stuff like"}, {"end": "00:06:31", "start": "00:06:27", "text": "that, but it's not as uh you know it's"}, {"end": "00:06:32", "start": "00:06:29", "text": "not as much eye candy, you know, like"}, {"end": "00:06:34", "start": "00:06:31", "text": "when you're like watching you know"}, {"end": "00:06:36", "start": "00:06:32", "text": "Unreal Engine 5, it's like poof, you"}, {"end": "00:06:38", "start": "00:06:34", "text": "know. I don't know. It's just it's"}, {"end": "00:06:39", "start": "00:06:36", "text": "awesome. I mean, the the graphics, the"}, {"end": "00:06:42", "start": "00:06:38", "text": "you know, cinematic graphics and stuff"}, {"end": "00:06:44", "start": "00:06:39", "text": "like that um are phenomenal. And we're"}, {"end": "00:06:48", "start": "00:06:42", "text": "uh going to get uh a final release of"}, {"end": "00:06:49", "start": "00:06:44", "text": "the uh um Panzul's uh Pisoul's Arena. Am"}, {"end": "00:06:52", "start": "00:06:48", "text": "I saying that right? I think it's"}, {"end": "00:06:54", "start": "00:06:49", "text": "Pisoul's Arena. Um so, the second town"}, {"end": "00:06:55", "start": "00:06:52", "text": "hall is on August 13th, so it's only a"}, {"end": "00:06:57", "start": "00:06:54", "text": "few weeks later. We're getting another"}, {"end": "00:06:59", "start": "00:06:55", "text": "town hall. And then a few weeks after"}, {"end": "00:07:01", "start": "00:06:57", "text": "that, we're getting our last and final"}, {"end": "00:07:03", "start": "00:06:59", "text": "third town hall. So, I mean, we went"}, {"end": "00:07:05", "start": "00:07:01", "text": "from having like two town halls a year"}, {"end": "00:07:08", "start": "00:07:03", "text": "to now that will be four within one"}, {"end": "00:07:10", "start": "00:07:05", "text": "summer. Four town halls in one summer."}, {"end": "00:07:12", "start": "00:07:08", "text": "Crazy."}, {"end": "00:07:14", "start": "00:07:10", "text": "So, let's hop into Twitter and first"}, {"end": "00:07:15", "start": "00:07:12", "text": "jump into community week. All right. So,"}, {"end": "00:07:17", "start": "00:07:14", "text": "we're going to start right here cuz this"}, {"end": "00:07:19", "start": "00:07:15", "text": "actually has the um the dates of all the"}, {"end": "00:07:22", "start": "00:07:17", "text": "events right here. Um a thread of"}, {"end": "00:07:24", "start": "00:07:19", "text": "community week events happening next"}, {"end": "00:07:27", "start": "00:07:22", "text": "week. This is a celebration of you."}, {"end": "00:07:30", "start": "00:07:24", "text": "There's us, man. us join events to earn"}, {"end": "00:07:32", "start": "00:07:27", "text": "community carnival tickets and an ex"}, {"end": "00:07:33", "start": "00:07:30", "text": "exclusive badge. So, we'll go all into"}, {"end": "00:07:35", "start": "00:07:32", "text": "that in a second, too. We got a lot of"}, {"end": "00:07:36", "start": "00:07:33", "text": "things to talk about here. Um, so let's"}, {"end": "00:07:40", "start": "00:07:35", "text": "look at the graphic right here. So,"}, {"end": "00:07:42", "start": "00:07:36", "text": "Monday, July 28th is the kickoff event."}, {"end": "00:07:45", "start": "00:07:40", "text": "Um, and I'm just going to say this is"}, {"end": "00:07:48", "start": "00:07:42", "text": "all going to take place um 2:00 Eastern"}, {"end": "00:07:49", "start": "00:07:45", "text": "time cuz I live on the East Coast of,"}, {"end": "00:07:51", "start": "00:07:48", "text": "you know, United States of America and"}, {"end": "00:07:55", "start": "00:07:49", "text": "so that for me it's 2:00 Eastern time,"}, {"end": "00:07:58", "start": "00:07:51", "text": "but 600 p.m. UTC, 11 a.m. Pacific time."}, {"end": "00:07:59", "start": "00:07:55", "text": "Um, so, um, the first event is the"}, {"end": "00:08:01", "start": "00:07:58", "text": "kickoff event and there I think that"}, {"end": "00:08:03", "start": "00:07:59", "text": "that's really going to be probably a"}, {"end": "00:08:04", "start": "00:08:01", "text": "bunch, you know, a bunch of excitement."}, {"end": "00:08:06", "start": "00:08:03", "text": "We're going to have announcements of"}, {"end": "00:08:07", "start": "00:08:04", "text": "announcements, I'm sure. And, uh, you"}, {"end": "00:08:09", "start": "00:08:06", "text": "know, I'm sure the games will begin and"}, {"end": "00:08:11", "start": "00:08:07", "text": "like a bunch of giveaways and stuff like"}, {"end": "00:08:12", "start": "00:08:09", "text": "that. So, um, that will be fun to start"}, {"end": "00:08:15", "start": "00:08:11", "text": "off there. There's going to be just a"}, {"end": "00:08:18", "start": "00:08:12", "text": "bunch of energy in the air. Um, next is"}, {"end": "00:08:19", "start": "00:08:15", "text": "Tuesday, July 29th, and this is the Copa"}, {"end": "00:08:21", "start": "00:08:18", "text": "event. We'll go all about the different"}, {"end": "00:08:23", "start": "00:08:19", "text": "guilds that are going to be competing to"}, {"end": "00:08:25", "start": "00:08:21", "text": "see who is the absolute best guild in"}, {"end": "00:08:28", "start": "00:08:23", "text": "this community week of like the best"}, {"end": "00:08:30", "start": "00:08:25", "text": "guild since the last um uh uh community"}, {"end": "00:08:32", "start": "00:08:28", "text": "week which was I think it was like"}, {"end": "00:08:33", "start": "00:08:30", "text": "February of 2023 so it's been about"}, {"end": "00:08:36", "start": "00:08:32", "text": "almost getting close to a year and a"}, {"end": "00:08:38", "start": "00:08:33", "text": "half, right? Um then the big town hall."}, {"end": "00:08:40", "start": "00:08:36", "text": "I'm excited about the town hall"}, {"end": "00:08:42", "start": "00:08:38", "text": "because it's going to be the Unreal"}, {"end": "00:08:45", "start": "00:08:40", "text": "Engine 5 release. And then there's going"}, {"end": "00:08:47", "start": "00:08:42", "text": "to be the uh a big surge event and it's"}, {"end": "00:08:49", "start": "00:08:45", "text": "going to be the dev team, all the devs"}, {"end": "00:08:51", "start": "00:08:47", "text": "from Star Atlas busting out a games"}, {"end": "00:08:53", "start": "00:08:49", "text": "against the community. And if the"}, {"end": "00:08:54", "start": "00:08:51", "text": "community if the members of the"}, {"end": "00:08:55", "start": "00:08:53", "text": "community beat the dev team, there's"}, {"end": "00:08:57", "start": "00:08:54", "text": "going to be some prizes given there."}, {"end": "00:08:59", "start": "00:08:55", "text": "We'll talk about that in a minute. The"}, {"end": "00:09:02", "start": "00:08:57", "text": "Joanie Awards, I'm up for two Joonies"}, {"end": "00:09:03", "start": "00:08:59", "text": "this year. What? There's a you Joanie"}, {"end": "00:09:05", "start": "00:09:02", "text": "Awards, there's a whole bunch of amazing"}, {"end": "00:09:07", "start": "00:09:03", "text": "amazing people that um are up for"}, {"end": "00:09:09", "start": "00:09:05", "text": "awards. I don't even care if I win. It's"}, {"end": "00:09:10", "start": "00:09:07", "text": "just an honor that I was, you know, like"}, {"end": "00:09:13", "start": "00:09:09", "text": "nominated for some Joanie Awards. Oh,"}, {"end": "00:09:16", "start": "00:09:10", "text": "that is fantastic. Um, and then"}, {"end": "00:09:18", "start": "00:09:13", "text": "Saturday, August 2nd, community carnival"}, {"end": "00:09:20", "start": "00:09:16", "text": "raffle. So, throughout this whole entire"}, {"end": "00:09:22", "start": "00:09:18", "text": "week, there's going to be these crazy"}, {"end": "00:09:23", "start": "00:09:20", "text": "raffle tickets with um an AI bot that's"}, {"end": "00:09:26", "start": "00:09:22", "text": "going to like help give out the tickets."}, {"end": "00:09:27", "start": "00:09:23", "text": "There's going to be of a a bunch of"}, {"end": "00:09:29", "start": "00:09:26", "text": "strategy you can take to try to like"}, {"end": "00:09:30", "start": "00:09:27", "text": "beef up the amount of tickets that"}, {"end": "00:09:31", "start": "00:09:29", "text": "you're going to get. Uh, we'll talk"}, {"end": "00:09:34", "start": "00:09:30", "text": "about that in a second, too. So, let's"}, {"end": "00:09:37", "start": "00:09:31", "text": "go into the thread. All right, so here"}, {"end": "00:09:39", "start": "00:09:34", "text": "we go. The kickoff event. Join us for"}, {"end": "00:09:40", "start": "00:09:37", "text": "kickoff community week. Again, we don't"}, {"end": "00:09:42", "start": "00:09:39", "text": "have a lot going on there. We don't have"}, {"end": "00:09:43", "start": "00:09:40", "text": "a lot of information what it's going to"}, {"end": "00:09:45", "start": "00:09:42", "text": "be, but I bet it's just going to just be"}, {"end": "00:09:48", "start": "00:09:43", "text": "pure excitement. Um, the Copa event, a"}, {"end": "00:09:49", "start": "00:09:45", "text": "guy, a guild presentation competition."}, {"end": "00:09:51", "start": "00:09:48", "text": "What are Star Atlas guilds building?"}, {"end": "00:09:53", "start": "00:09:49", "text": "What are their plans for the future?"}, {"end": "00:09:55", "start": "00:09:51", "text": "This is not only a competition, but also"}, {"end": "00:09:57", "start": "00:09:53", "text": "a great opportunity for guild list"}, {"end": "00:09:58", "start": "00:09:55", "text": "players to find a guild to join. So, if"}, {"end": "00:10:00", "start": "00:09:57", "text": "you are looking for a guild, man, you"}, {"end": "00:10:02", "start": "00:09:58", "text": "might be able to find one right here."}, {"end": "00:10:04", "start": "00:10:00", "text": "Let's go into the different um guilds"}, {"end": "00:10:07", "start": "00:10:02", "text": "that are competing by going over to"}, {"end": "00:10:09", "start": "00:10:04", "text": "Discord. So, it says, \"We have the 10"}, {"end": "00:10:11", "start": "00:10:07", "text": "most prestigious guilds in the Galia"}, {"end": "00:10:14", "start": "00:10:09", "text": "Expanse. They will be competing for"}, {"end": "00:10:16", "start": "00:10:11", "text": "eternal glory this Tuesday at the"}, {"end": "00:10:18", "start": "00:10:14", "text": "Council of Peace assembly event.\" And we"}, {"end": "00:10:22", "start": "00:10:16", "text": "have Aphia, Agora, Bulk, Coexist,"}, {"end": "00:10:24", "start": "00:10:18", "text": "Hemell, uh, Rome, Chimera, Star Atlas,"}, {"end": "00:10:25", "start": "00:10:22", "text": "Italia, Skull and Bones, and Vanguard."}, {"end": "00:10:27", "start": "00:10:24", "text": "And then we have this awesome graphic"}, {"end": "00:10:28", "start": "00:10:25", "text": "right here where you can see all the"}, {"end": "00:10:30", "start": "00:10:27", "text": "logos of all the guilds. By the way, our"}, {"end": "00:10:32", "start": "00:10:28", "text": "guilds have some pretty nasty looking"}, {"end": "00:10:34", "start": "00:10:30", "text": "logos. I'm loving it. Loving it. Loving"}, {"end": "00:10:36", "start": "00:10:32", "text": "it. Loving it. Um, so this is very"}, {"end": "00:10:38", "start": "00:10:34", "text": "exciting. Um it tends to be a bit of a"}, {"end": "00:10:39", "start": "00:10:36", "text": "long event. Um but it's totally worth it"}, {"end": "00:10:41", "start": "00:10:38", "text": "just to see. I mean because I mean think"}, {"end": "00:10:43", "start": "00:10:39", "text": "of it each one of these guilds has to do"}, {"end": "00:10:46", "start": "00:10:41", "text": "a presentation. This might be the"}, {"end": "00:10:48", "start": "00:10:43", "text": "longest event of the um community week."}, {"end": "00:10:51", "start": "00:10:46", "text": "Um but it's to absolutely totally worth"}, {"end": "00:10:53", "start": "00:10:48", "text": "it. Um by the way, if you don't see me"}, {"end": "00:10:55", "start": "00:10:51", "text": "um doing the community work, uh being at"}, {"end": "00:10:57", "start": "00:10:53", "text": "a lot of the community events, if you"}, {"end": "00:10:58", "start": "00:10:55", "text": "don't see my logo there in Discord, man,"}, {"end": "00:11:00", "start": "00:10:57", "text": "it's right in the middle of my workday."}, {"end": "00:11:01", "start": "00:10:58", "text": "It's so tough for me. 2 o'clock in the"}, {"end": "00:11:04", "start": "00:11:00", "text": "afternoon, I do outdoor construction as"}, {"end": "00:11:06", "start": "00:11:01", "text": "my day job and I'm usually around a lot"}, {"end": "00:11:08", "start": "00:11:04", "text": "of very very loud equipment. I'm running"}, {"end": "00:11:10", "start": "00:11:06", "text": "an excavator half the time. Um or, you"}, {"end": "00:11:12", "start": "00:11:08", "text": "know, running these giant demo saws,"}, {"end": "00:11:15", "start": "00:11:10", "text": "cutting granite and stuff like that. Um"}, {"end": "00:11:17", "start": "00:11:12", "text": "but but I'm excited to catch up to up"}, {"end": "00:11:18", "start": "00:11:15", "text": "with it. Um thanks to Stylist TV that"}, {"end": "00:11:22", "start": "00:11:17", "text": "hopefully is recording the whole entire"}, {"end": "00:11:24", "start": "00:11:18", "text": "thing for us. All right, the town hall,"}, {"end": "00:11:26", "start": "00:11:22", "text": "the one possibly the one I'm so super"}, {"end": "00:11:28", "start": "00:11:24", "text": "most excited about. I just love town"}, {"end": "00:11:30", "start": "00:11:26", "text": "halls in general. I not only do I get to"}, {"end": "00:11:32", "start": "00:11:28", "text": "cover town halls on my channel, but then"}, {"end": "00:11:33", "start": "00:11:30", "text": "I get to the aftermath of town halls and"}, {"end": "00:11:35", "start": "00:11:32", "text": "I get to get to do all sorts of content"}, {"end": "00:11:37", "start": "00:11:33", "text": "on what, you know, what the town hall"}, {"end": "00:11:39", "start": "00:11:35", "text": "releases. And since this one is going to"}, {"end": "00:11:41", "start": "00:11:37", "text": "be Unreal Engine 5 focused, I'm going to"}, {"end": "00:11:44", "start": "00:11:39", "text": "have a lot of stuff to, you know, to"}, {"end": "00:11:45", "start": "00:11:41", "text": "create content with um both on Twitter"}, {"end": "00:11:46", "start": "00:11:44", "text": "and on YouTube. Make sure you follow me"}, {"end": "00:11:48", "start": "00:11:45", "text": "on Twitter if you guys don't follow me"}, {"end": "00:11:51", "start": "00:11:46", "text": "on Twitter. I put out a ton of exclusive"}, {"end": "00:11:54", "start": "00:11:48", "text": "stuff just on Twitter. with Stylus Town"}, {"end": "00:11:56", "start": "00:11:51", "text": "Hall part one July 30th. Gear up for the"}, {"end": "00:11:58", "start": "00:11:54", "text": "first Town Hall for our three-part"}, {"end": "00:12:00", "start": "00:11:56", "text": "series. Jump into the newest major"}, {"end": "00:12:02", "start": "00:11:58", "text": "update featuring polished thirdperson"}, {"end": "00:12:04", "start": "00:12:00", "text": "shooter modes and get a sneak peek of"}, {"end": "00:12:05", "start": "00:12:02", "text": "what's coming in our next major update."}, {"end": "00:12:08", "start": "00:12:04", "text": "Woohoo."}, {"end": "00:12:10", "start": "00:12:05", "text": "And I love this graphic here. These Star"}, {"end": "00:12:13", "start": "00:12:08", "text": "Atlas graphics are just killing it, you"}, {"end": "00:12:16", "start": "00:12:10", "text": "know. Super super cool stuff, man. All"}, {"end": "00:12:19", "start": "00:12:13", "text": "right, so the next the next thing is the"}, {"end": "00:12:21", "start": "00:12:16", "text": "team versus the community July 31st. 10"}, {"end": "00:12:23", "start": "00:12:19", "text": "teams from the community are taking on"}, {"end": "00:12:25", "start": "00:12:21", "text": "the Star Atlas team. Every community win"}, {"end": "00:12:29", "start": "00:12:23", "text": "unlocks prizes for both the players and"}, {"end": "00:12:31", "start": "00:12:25", "text": "the audience to be so be sure um to"}, {"end": "00:12:33", "start": "00:12:29", "text": "cheer on your fellow community members."}, {"end": "00:12:37", "start": "00:12:31", "text": "And another awesome graphic right here."}, {"end": "00:12:39", "start": "00:12:33", "text": "And um our very own Star Atlas. Um"}, {"end": "00:12:42", "start": "00:12:37", "text": "he's I love I love his commentary. We"}, {"end": "00:12:44", "start": "00:12:39", "text": "have um uh Neo Armstrong is actually"}, {"end": "00:12:45", "start": "00:12:42", "text": "going to be hosting this whole team"}, {"end": "00:12:47", "start": "00:12:44", "text": "first community. and uh the way he"}, {"end": "00:12:49", "start": "00:12:45", "text": "commentates uh like all the excitement"}, {"end": "00:12:51", "start": "00:12:47", "text": "that he puts into like commentating like"}, {"end": "00:12:53", "start": "00:12:49", "text": "the actual battles is awesome. So that"}, {"end": "00:12:54", "start": "00:12:51", "text": "would be really fun. And uh I'm not too"}, {"end": "00:12:56", "start": "00:12:53", "text": "sure if it's going to be streaming"}, {"end": "00:12:58", "start": "00:12:54", "text": "through Discord or or through um uh he"}, {"end": "00:13:00", "start": "00:12:56", "text": "has his own Twitch channel. So or maybe"}, {"end": "00:13:01", "start": "00:12:58", "text": "it's going to be both, you know. So it's"}, {"end": "00:13:03", "start": "00:13:00", "text": "fun stuff. Really going to be cool to"}, {"end": "00:13:05", "start": "00:13:01", "text": "watch this. And I bet there's going to"}, {"end": "00:13:07", "start": "00:13:03", "text": "be a lot of laughs uh checking that you"}, {"end": "00:13:08", "start": "00:13:05", "text": "know these battles going on out. So, and"}, {"end": "00:13:09", "start": "00:13:07", "text": "you know, we'll see what the I forget"}, {"end": "00:13:10", "start": "00:13:08", "text": "what the pri they said the prizes are,"}, {"end": "00:13:13", "start": "00:13:09", "text": "but I think there's some really good"}, {"end": "00:13:15", "start": "00:13:10", "text": "prizes for the um community teams that"}, {"end": "00:13:16", "start": "00:13:13", "text": "actually beat the devs. So, I wonder who"}, {"end": "00:13:18", "start": "00:13:15", "text": "the dev team is going to be, too. Um"}, {"end": "00:13:21", "start": "00:13:16", "text": "who's going to be playing for the devs."}, {"end": "00:13:23", "start": "00:13:18", "text": "Fun stuff, man. So, then the Joanie"}, {"end": "00:13:26", "start": "00:13:21", "text": "Awards August 1st. Um the Joanie Awards"}, {"end": "00:13:27", "start": "00:13:23", "text": "is an awards ceremony celebrating the"}, {"end": "00:13:29", "start": "00:13:26", "text": "heart of the Starless community, the"}, {"end": "00:13:31", "start": "00:13:27", "text": "leaders, creators, and builders who go"}, {"end": "00:13:34", "start": "00:13:29", "text": "above and beyond to push the ecosystem"}, {"end": "00:13:37", "start": "00:13:31", "text": "forward. Um, last year I did a really"}, {"end": "00:13:39", "start": "00:13:34", "text": "fun um, uh, uh, Joanie Awards"}, {"end": "00:13:41", "start": "00:13:37", "text": "pre-presentation"}, {"end": "00:13:43", "start": "00:13:39", "text": "um, with Hologram News Network's own"}, {"end": "00:13:44", "start": "00:13:41", "text": "Criggs. That was a lot of fun to make"}, {"end": "00:13:46", "start": "00:13:43", "text": "that video, but um, I'm going to do it"}, {"end": "00:13:49", "start": "00:13:44", "text": "on my lonesome today. Let's jump in and"}, {"end": "00:13:51", "start": "00:13:46", "text": "see who is up for some Joanie Awards."}, {"end": "00:13:53", "start": "00:13:49", "text": "All right, so Joanie Awards final"}, {"end": "00:13:54", "start": "00:13:51", "text": "voting. The time has come to cast your"}, {"end": "00:13:56", "start": "00:13:53", "text": "vote, show your support for your"}, {"end": "00:13:58", "start": "00:13:54", "text": "favorite stylist community member, and"}, {"end": "00:14:01", "start": "00:13:56", "text": "help them win the Golden Joanie Trophy."}, {"end": "00:14:03", "start": "00:13:58", "text": "Voting closes Thursday, July 31st, 2025"}, {"end": "00:14:06", "start": "00:14:01", "text": "at 3:00 p.m. Um, I'm guessing that's"}, {"end": "00:14:10", "start": "00:14:03", "text": "UTC. Um, find out who wins Friday,"}, {"end": "00:14:11", "start": "00:14:06", "text": "August 1st. Oh, no, wait, 2 p.m. So,"}, {"end": "00:14:14", "start": "00:14:10", "text": "that must be Eastern time. So, it must"}, {"end": "00:14:16", "start": "00:14:11", "text": "end uh 3 p.m. Eastern time. Um, so here"}, {"end": "00:14:18", "start": "00:14:14", "text": "we go. Let's jump into see who we can"}, {"end": "00:14:19", "start": "00:14:16", "text": "vote for. The Jonie Awards final voting."}, {"end": "00:14:21", "start": "00:14:18", "text": "So, if you want to vote, you can go"}, {"end": "00:14:24", "start": "00:14:19", "text": "there also a link on their um on the X"}, {"end": "00:14:25", "start": "00:14:21", "text": "page for Star Atlas. Um, but um this is"}, {"end": "00:14:27", "start": "00:14:24", "text": "through the Discord. You just saw where"}, {"end": "00:14:28", "start": "00:14:25", "text": "I was and that was actually Let's go"}, {"end": "00:14:30", "start": "00:14:27", "text": "look at it again. This is over in"}, {"end": "00:14:31", "start": "00:14:28", "text": "announcements. You go over to the"}, {"end": "00:14:35", "start": "00:14:30", "text": "announcements and then you can um cast"}, {"end": "00:14:38", "start": "00:14:31", "text": "your vote. Uh let's go back here."}, {"end": "00:14:42", "start": "00:14:35", "text": "So, community member of the year, um Neo"}, {"end": "00:14:46", "start": "00:14:38", "text": "Armstrong, Jindo, Bruhoo, or NDR, man."}, {"end": "00:14:47", "start": "00:14:42", "text": "Massive, massive huge names in uh the"}, {"end": "00:14:50", "start": "00:14:46", "text": "Star Atlas community. I wanted to show"}, {"end": "00:14:52", "start": "00:14:47", "text": "this real fast. Let me go over to um"}, {"end": "00:14:55", "start": "00:14:50", "text": "Santi's page here."}, {"end": "00:14:58", "start": "00:14:52", "text": "And he posted this right here. Where is"}, {"end": "00:15:00", "start": "00:14:55", "text": "it, Santi? Yeah, check this out. Wow,"}, {"end": "00:15:01", "start": "00:14:58", "text": "I've never seen results this close for a"}, {"end": "00:15:03", "start": "00:15:00", "text": "community member of the year, Joanie"}, {"end": "00:15:04", "start": "00:15:01", "text": "Award, and voting has only started one"}, {"end": "00:15:06", "start": "00:15:03", "text": "day ago. Look at this, man. The pie"}, {"end": "00:15:08", "start": "00:15:04", "text": "chart is cut into four different pieces."}, {"end": "00:15:11", "start": "00:15:06", "text": "It's pretty darn close. You know, one"}, {"end": "00:15:13", "start": "00:15:08", "text": "guy's at 20%, but um yeah, and he can"}, {"end": "00:15:14", "start": "00:15:11", "text": "catch up, too. He can catch up cuz I bet"}, {"end": "00:15:15", "start": "00:15:13", "text": "a lot of you guys have not cast your"}, {"end": "00:15:17", "start": "00:15:14", "text": "votes. You got to cast your votes."}, {"end": "00:15:18", "start": "00:15:15", "text": "Obviously, I haven't cast my votes yet,"}, {"end": "00:15:19", "start": "00:15:17", "text": "too. I've been kind of wait I didn't"}, {"end": "00:15:21", "start": "00:15:18", "text": "want to cast them until I I made this"}, {"end": "00:15:22", "start": "00:15:19", "text": "video cuz uh I want to keep my my own"}, {"end": "00:15:24", "start": "00:15:21", "text": "voting private. I don't want to hurt"}, {"end": "00:15:26", "start": "00:15:22", "text": "anyone's feelings, you know. content"}, {"end": "00:15:28", "start": "00:15:24", "text": "creator of the year is yours truly. We"}, {"end": "00:15:31", "start": "00:15:26", "text": "have Neo Armstrong, we have Siggy, and"}, {"end": "00:15:33", "start": "00:15:28", "text": "we have Raspby, man. Um, all you know,"}, {"end": "00:15:34", "start": "00:15:31", "text": "Neil Armstrong putting out those crazy"}, {"end": "00:15:36", "start": "00:15:33", "text": "videos on Twitch that have been getting"}, {"end": "00:15:38", "start": "00:15:34", "text": "everyone excited, making everyone laugh."}, {"end": "00:15:39", "start": "00:15:36", "text": "You know, Siggy, so many people don't"}, {"end": "00:15:41", "start": "00:15:38", "text": "even realize that Sigy's not one of the"}, {"end": "00:15:42", "start": "00:15:39", "text": "dev members. He puts out such strong"}, {"end": "00:15:44", "start": "00:15:41", "text": "content that he, you know, most people"}, {"end": "00:15:48", "start": "00:15:42", "text": "get confused that he's not an actual dev"}, {"end": "00:15:49", "start": "00:15:44", "text": "team member. Um, but, you know, like I"}, {"end": "00:15:51", "start": "00:15:48", "text": "don't even know how anyone could beat"}, {"end": "00:15:52", "start": "00:15:49", "text": "Siggy. He's, you know, puts out awesome"}, {"end": "00:15:54", "start": "00:15:51", "text": "stuff. And then Raspby came out of"}, {"end": "00:15:56", "start": "00:15:52", "text": "nowhere with his content creation this"}, {"end": "00:15:58", "start": "00:15:54", "text": "year. Um you know to you know big rookie"}, {"end": "00:16:01", "start": "00:15:56", "text": "in the whole entire you know Star Atlas"}, {"end": "00:16:02", "start": "00:15:58", "text": "uh you know content creation um you know"}, {"end": "00:16:04", "start": "00:16:01", "text": "scheme and he's just coming out super"}, {"end": "00:16:06", "start": "00:16:02", "text": "super strong. I I've reposted tons of"}, {"end": "00:16:08", "start": "00:16:04", "text": "the stuff that he was doing the Raspdown"}, {"end": "00:16:09", "start": "00:16:06", "text": "all the graphics that he was um putting"}, {"end": "00:16:12", "start": "00:16:08", "text": "out when he was um I forget what it was"}, {"end": "00:16:14", "start": "00:16:09", "text": "called but he had the um he had the um"}, {"end": "00:16:15", "start": "00:16:12", "text": "graphics of all the different ships and"}, {"end": "00:16:17", "start": "00:16:14", "text": "stuff like that and it was to go along"}, {"end": "00:16:19", "start": "00:16:15", "text": "with some of his gameplay style that he"}, {"end": "00:16:21", "start": "00:16:17", "text": "was doing in um Starbased. Um, great"}, {"end": "00:16:23", "start": "00:16:19", "text": "stuff. And he's also trying to put out a"}, {"end": "00:16:24", "start": "00:16:21", "text": "um or I believe I I know there's a vote"}, {"end": "00:16:26", "start": "00:16:23", "text": "in the DO. I don't even know if it"}, {"end": "00:16:28", "start": "00:16:24", "text": "passed or not. I don't know why I don't"}, {"end": "00:16:30", "start": "00:16:26", "text": "know this. Um, but to put out a Star"}, {"end": "00:16:33", "start": "00:16:28", "text": "Atlas documentary. So, cool stuff by"}, {"end": "00:16:35", "start": "00:16:30", "text": "Raspby. Um, boy oh boy, man. It's I"}, {"end": "00:16:37", "start": "00:16:33", "text": "don't even like again, I don't even mind"}, {"end": "00:16:39", "start": "00:16:35", "text": "if I don't lose cuz I'm up against such"}, {"end": "00:16:42", "start": "00:16:37", "text": "strong contenders. Um, most popular"}, {"end": "00:16:45", "start": "00:16:39", "text": "guild of the year. We have Aphia verse"}, {"end": "00:16:49", "start": "00:16:42", "text": "Rome vers Coexist verse Vanguard versime"}, {"end": "00:16:51", "start": "00:16:45", "text": "Agora. Um, boy, man, this is uh this"}, {"end": "00:16:53", "start": "00:16:49", "text": "this is going to be pretty uh you know,"}, {"end": "00:16:55", "start": "00:16:51", "text": "pretty tough. And this is 100% community"}, {"end": "00:16:57", "start": "00:16:53", "text": "voted. So, the dev team of Star Atlas,"}, {"end": "00:16:59", "start": "00:16:55", "text": "you know, Automata, they can't put any"}, {"end": "00:17:00", "start": "00:16:57", "text": "votes in. This is all, you know, on us"}, {"end": "00:17:02", "start": "00:16:59", "text": "in the community to decide who is"}, {"end": "00:17:04", "start": "00:17:00", "text": "supposed to be the strongest guild. Um,"}, {"end": "00:17:06", "start": "00:17:02", "text": "and each guild only has so many members"}, {"end": "00:17:06", "start": "00:17:04", "text": "to vote um for themselves. So, you know,"}, {"end": "00:17:08", "start": "00:17:06", "text": "they're going to have to rally the"}, {"end": "00:17:09", "start": "00:17:06", "text": "troops. Be like, make sure you guys all"}, {"end": "00:17:11", "start": "00:17:08", "text": "go and vote for, you know, vote for us,"}, {"end": "00:17:13", "start": "00:17:09", "text": "vote for us. But, uh, you know, they"}, {"end": "00:17:14", "start": "00:17:11", "text": "only have so many. So, you know, a lot"}, {"end": "00:17:16", "start": "00:17:13", "text": "of people like me who don't belong to a"}, {"end": "00:17:17", "start": "00:17:14", "text": "killed, we get to cast our votes, and"}, {"end": "00:17:20", "start": "00:17:16", "text": "those are probably going to be more the"}, {"end": "00:17:22", "start": "00:17:17", "text": "deciding votes for sure. Um, best"}, {"end": "00:17:24", "start": "00:17:20", "text": "community tool of the world. I don't I"}, {"end": "00:17:25", "start": "00:17:22", "text": "seriously have to close my eyes when I"}, {"end": "00:17:26", "start": "00:17:24", "text": "vote on this one. I'm just going to have"}, {"end": "00:17:28", "start": "00:17:25", "text": "to swirl a mouse cuz I love all of"}, {"end": "00:17:31", "start": "00:17:26", "text": "these. Um, the slide tool. I use this"}, {"end": "00:17:33", "start": "00:17:28", "text": "every single day. Like, I mean, I would"}, {"end": "00:17:36", "start": "00:17:31", "text": "be nothing in Starbase without the slide"}, {"end": "00:17:37", "start": "00:17:33", "text": "tool. It is so hard to go forth and uh"}, {"end": "00:17:38", "start": "00:17:36", "text": "and play Starbase without some type of"}, {"end": "00:17:40", "start": "00:17:37", "text": "automation tool. And that's why I'm"}, {"end": "00:17:42", "start": "00:17:38", "text": "really excited that Hollow Sim actually"}, {"end": "00:17:43", "start": "00:17:40", "text": "has it built in. And I'm hoping one day"}, {"end": "00:17:45", "start": "00:17:42", "text": "with the future versions of um any of"}, {"end": "00:17:47", "start": "00:17:43", "text": "Starbased will also have that built in."}, {"end": "00:17:49", "start": "00:17:45", "text": "Um but Adam does the exact same thing. I"}, {"end": "00:17:50", "start": "00:17:47", "text": "just happen to use Sila over Adam, but"}, {"end": "00:17:53", "start": "00:17:49", "text": "Adam actually has their own version of"}, {"end": "00:17:55", "start": "00:17:50", "text": "that and I've featured them on um some"}, {"end": "00:17:58", "start": "00:17:53", "text": "of my Star Atlas um videos in the past."}, {"end": "00:18:00", "start": "00:17:55", "text": "Um um the most recent zero to her. I was"}, {"end": "00:18:02", "start": "00:17:58", "text": "uh you know featuring Adam right there."}, {"end": "00:18:06", "start": "00:18:00", "text": "And EVI. I'm nothing without EVI, too,"}, {"end": "00:18:06", "start": "00:18:02", "text": "man. Ei."}, {"end": "00:18:12", "start": "00:18:08", "text": "All you have to do is type in Beyond the"}, {"end": "00:18:14", "start": "00:18:10", "text": "Horizon EVI. But, um, you, you know, if"}, {"end": "00:18:16", "start": "00:18:12", "text": "you're scanning for SDUs, if you, um,"}, {"end": "00:18:18", "start": "00:18:14", "text": "are trying to, you know, see if you're"}, {"end": "00:18:19", "start": "00:18:16", "text": "profitable in, you know, Starbased, if"}, {"end": "00:18:21", "start": "00:18:18", "text": "you, you know, want to put fleets"}, {"end": "00:18:23", "start": "00:18:19", "text": "together, um, if you want just a more"}, {"end": "00:18:25", "start": "00:18:21", "text": "comprehensive version of the map, yada"}, {"end": "00:18:28", "start": "00:18:23", "text": "yada yada, you know, for crafting, EVI"}, {"end": "00:18:30", "start": "00:18:25", "text": "is essential to play, um, Starbase for"}, {"end": "00:18:31", "start": "00:18:28", "text": "sure. And they even have another version"}, {"end": "00:18:33", "start": "00:18:30", "text": "um, that I'm using for hollowosim for"}, {"end": "00:18:35", "start": "00:18:31", "text": "scanning for holosim. So, I love EVI."}, {"end": "00:18:37", "start": "00:18:33", "text": "And then the API data dashboards. Um if"}, {"end": "00:18:39", "start": "00:18:35", "text": "you you know if you have no clue what"}, {"end": "00:18:42", "start": "00:18:37", "text": "you're doing um if you're doing it you"}, {"end": "00:18:45", "start": "00:18:39", "text": "know everything wrong in um in in"}, {"end": "00:18:47", "start": "00:18:42", "text": "Starbased um the API data dashboards are"}, {"end": "00:18:49", "start": "00:18:45", "text": "for you. They will give you know give"}, {"end": "00:18:50", "start": "00:18:47", "text": "you so many insights to what is going on"}, {"end": "00:18:53", "start": "00:18:49", "text": "in Starbase. On top of that it just"}, {"end": "00:18:55", "start": "00:18:50", "text": "tells us what's going on in general in"}, {"end": "00:18:58", "start": "00:18:53", "text": "um the world of Star Atlas you know um"}, {"end": "00:18:59", "start": "00:18:55", "text": "just anything to do with the Dow Polus"}, {"end": "00:19:01", "start": "00:18:58", "text": "you know people how many players there"}, {"end": "00:19:03", "start": "00:18:59", "text": "are in Star Atlas. like it's just a"}, {"end": "00:19:05", "start": "00:19:01", "text": "phenomenal amount of um information"}, {"end": "00:19:07", "start": "00:19:03", "text": "that's all sucked out of the blockchain"}, {"end": "00:19:09", "start": "00:19:05", "text": "and then put into nice graphics and"}, {"end": "00:19:11", "start": "00:19:07", "text": "charts for our eyes. Um Star Atlas IP"}, {"end": "00:19:13", "start": "00:19:09", "text": "project again, how do I do that? This is"}, {"end": "00:19:15", "start": "00:19:11", "text": "like a dart, you know, like I mean I"}, {"end": "00:19:17", "start": "00:19:13", "text": "love the Super Phoenix now. I owe them"}, {"end": "00:19:19", "start": "00:19:15", "text": "some videos for sure. I uh Super Phoenix"}, {"end": "00:19:21", "start": "00:19:17", "text": "I haven't done like it's like I have a a"}, {"end": "00:19:22", "start": "00:19:19", "text": "pile of notes on Super Phoenix that I"}, {"end": "00:19:23", "start": "00:19:21", "text": "want to actually make videos on, but"}, {"end": "00:19:25", "start": "00:19:22", "text": "I've only had so much time this summer"}, {"end": "00:19:27", "start": "00:19:23", "text": "and a lot of stuff has been happening."}, {"end": "00:19:29", "start": "00:19:25", "text": "But Super Phoenix Dar to my heart. I"}, {"end": "00:19:30", "start": "00:19:27", "text": "love the Super Phoenix D. Hopefully um"}, {"end": "00:19:32", "start": "00:19:29", "text": "they'll be able to go a little bit more"}, {"end": "00:19:34", "start": "00:19:30", "text": "forward if Star Atlas starts getting"}, {"end": "00:19:36", "start": "00:19:32", "text": "more and more uh popular with these new"}, {"end": "00:19:38", "start": "00:19:34", "text": "releases with the town halls coming out."}, {"end": "00:19:39", "start": "00:19:36", "text": "Um Gallia Merchants, man, putting out I"}, {"end": "00:19:41", "start": "00:19:38", "text": "wear a hat every single video that you"}, {"end": "00:19:43", "start": "00:19:39", "text": "ever see. This is thanks to Galia"}, {"end": "00:19:44", "start": "00:19:41", "text": "Merchants and I have a bunch of t-shirts"}, {"end": "00:19:47", "start": "00:19:43", "text": "or at least a couple t-shirts from them."}, {"end": "00:19:49", "start": "00:19:44", "text": "Um GI Merchants, phenomenal. It is the"}, {"end": "00:19:52", "start": "00:19:47", "text": "like the place to go for any type of"}, {"end": "00:19:54", "start": "00:19:49", "text": "gear that you need for um for Star Atlas"}, {"end": "00:19:56", "start": "00:19:52", "text": "and Star Atlas TV. Now, this my my"}, {"end": "00:19:57", "start": "00:19:54", "text": "honest honest to god, my channel would"}, {"end": "00:19:59", "start": "00:19:56", "text": "be like just a shell of itself if it"}, {"end": "00:20:00", "start": "00:19:57", "text": "wasn't for Star Atlas TV. I owe them so"}, {"end": "00:20:03", "start": "00:19:59", "text": "much because I would miss everything"}, {"end": "00:20:04", "start": "00:20:00", "text": "that goes on in all the Discord um uh"}, {"end": "00:20:07", "start": "00:20:03", "text": "calls that they have like the Atlas"}, {"end": "00:20:09", "start": "00:20:04", "text": "Brews, the um the lore creators, the uh"}, {"end": "00:20:10", "start": "00:20:07", "text": "the town halls, everything I owe to Star"}, {"end": "00:20:12", "start": "00:20:09", "text": "Atlas TV cuz again, everything happens"}, {"end": "00:20:13", "start": "00:20:10", "text": "at 2:00 Eastern time in the middle of my"}, {"end": "00:20:15", "start": "00:20:12", "text": "workday. And so, I have to catch up to"}, {"end": "00:20:17", "start": "00:20:13", "text": "Star Atlas TV. Um but they also have"}, {"end": "00:20:18", "start": "00:20:15", "text": "their own merch line which is just, you"}, {"end": "00:20:20", "start": "00:20:17", "text": "know, like, you know, a couple really"}, {"end": "00:20:22", "start": "00:20:18", "text": "fun stuff that they have on there. Um"}, {"end": "00:20:25", "start": "00:20:20", "text": "Enigma 42. Now, this is these awesome 3D"}, {"end": "00:20:28", "start": "00:20:22", "text": "models um that are printed um that you"}, {"end": "00:20:30", "start": "00:20:25", "text": "can purchase um at staralassian.com."}, {"end": "00:20:32", "start": "00:20:28", "text": "So, if you're like really into any types"}, {"end": "00:20:34", "start": "00:20:30", "text": "of um you know, like modeling ships to"}, {"end": "00:20:36", "start": "00:20:32", "text": "like put on your desk or put on the"}, {"end": "00:20:38", "start": "00:20:34", "text": "shelves or whatever, I have a cury right"}, {"end": "00:20:40", "start": "00:20:36", "text": "behind me that is in in every single one"}, {"end": "00:20:44", "start": "00:20:38", "text": "of my videos. Um that is from Enigma42"}, {"end": "00:20:47", "start": "00:20:40", "text": "um through his um staratlas.com site."}, {"end": "00:20:50", "start": "00:20:44", "text": "All right, community helper of the year."}, {"end": "00:20:52", "start": "00:20:47", "text": "Now, this I this I unfortunately I don't"}, {"end": "00:20:55", "start": "00:20:50", "text": "have a lot of insight because I am not"}, {"end": "00:20:57", "start": "00:20:52", "text": "um on Discord as much as other people."}, {"end": "00:20:59", "start": "00:20:55", "text": "So, we have Neo Armstrong, we have"}, {"end": "00:21:01", "start": "00:20:57", "text": "Jindo, we have Laranor, and we have"}, {"end": "00:21:02", "start": "00:20:59", "text": "Randuy. And uh just for me personally,"}, {"end": "00:21:04", "start": "00:21:01", "text": "because I've been playing a lot of"}, {"end": "00:21:07", "start": "00:21:02", "text": "Hollow Sim, um Jindo and Larenor have"}, {"end": "00:21:09", "start": "00:21:04", "text": "been helping me out absolutely a ton."}, {"end": "00:21:11", "start": "00:21:07", "text": "Um, but yeah, you guys, multiple"}, {"end": "00:21:12", "start": "00:21:09", "text": "members, you guys, you know, if you go"}, {"end": "00:21:14", "start": "00:21:11", "text": "into Discord, if one of these guys have"}, {"end": "00:21:16", "start": "00:21:12", "text": "been helping you out a whole bunch, um,"}, {"end": "00:21:19", "start": "00:21:14", "text": "give them your allegiance and, uh, yeah,"}, {"end": "00:21:21", "start": "00:21:16", "text": "vote for them. Um, best gunplayer"}, {"end": "00:21:23", "start": "00:21:19", "text": "of the year. Another one that is really"}, {"end": "00:21:26", "start": "00:21:21", "text": "going to be difficult, um, to actually"}, {"end": "00:21:29", "start": "00:21:23", "text": "vote for. Um, so James, man, cracks me"}, {"end": "00:21:31", "start": "00:21:26", "text": "up with all his X videos that he puts"}, {"end": "00:21:34", "start": "00:21:29", "text": "out. they like he just like he's so"}, {"end": "00:21:36", "start": "00:21:31", "text": "comical and so funny and um he won the"}, {"end": "00:21:38", "start": "00:21:34", "text": "um at the um Salana Breakpoint he was"}, {"end": "00:21:39", "start": "00:21:36", "text": "the winner of the Salana Breakpoint"}, {"end": "00:21:41", "start": "00:21:38", "text": "event there where they had the contest"}, {"end": "00:21:43", "start": "00:21:39", "text": "to see who was the best gunplay player"}, {"end": "00:21:45", "start": "00:21:41", "text": "Hackmare he just destroys me every"}, {"end": "00:21:46", "start": "00:21:43", "text": "single time I try to get on to play I"}, {"end": "00:21:48", "start": "00:21:45", "text": "haven't actually played since May and"}, {"end": "00:21:50", "start": "00:21:46", "text": "it's almost cuz every single time I get"}, {"end": "00:21:53", "start": "00:21:48", "text": "on there he just annihilates me uh when"}, {"end": "00:21:56", "start": "00:21:50", "text": "I try to play gunplay he is so stanking"}, {"end": "00:21:58", "start": "00:21:53", "text": "good um we have Sacklin and um he has"}, {"end": "00:22:01", "start": "00:21:56", "text": "been putting out his own content I just"}, {"end": "00:22:04", "start": "00:21:58", "text": "saw I think he put about his 17th video."}, {"end": "00:22:06", "start": "00:22:01", "text": "Um, and I believe is he he speaks in"}, {"end": "00:22:08", "start": "00:22:04", "text": "German and he puts intense music on it"}, {"end": "00:22:10", "start": "00:22:06", "text": "and it gets me like all like, \"Oh my"}, {"end": "00:22:13", "start": "00:22:08", "text": "god.\" Like when I watch his videos, it's"}, {"end": "00:22:15", "start": "00:22:10", "text": "intense, man. And then we have Stick,"}, {"end": "00:22:16", "start": "00:22:13", "text": "man. Stick like just destroying. I"}, {"end": "00:22:18", "start": "00:22:15", "text": "thought Stick was actually playing for"}, {"end": "00:22:20", "start": "00:22:16", "text": "the dev team at one point, but um um"}, {"end": "00:22:23", "start": "00:22:18", "text": "just destroying stuff in and also in the"}, {"end": "00:22:25", "start": "00:22:20", "text": "gunplay mode. So, man, another tough"}, {"end": "00:22:27", "start": "00:22:23", "text": "vote right there. Most knowledgeable"}, {"end": "00:22:30", "start": "00:22:25", "text": "member of the year. We have again Jindo."}, {"end": "00:22:33", "start": "00:22:27", "text": "We have again Lanor and we have Egonaut"}, {"end": "00:22:36", "start": "00:22:30", "text": "and we have virtual. This is this is"}, {"end": "00:22:38", "start": "00:22:33", "text": "really tough. Um all of them I like see"}, {"end": "00:22:41", "start": "00:22:36", "text": "all over Discord. Always answering"}, {"end": "00:22:43", "start": "00:22:38", "text": "stuff, always on top of everything. Um I"}, {"end": "00:22:46", "start": "00:22:41", "text": "have no clue who to vote for on this"}, {"end": "00:22:48", "start": "00:22:43", "text": "one. I'm just like this is a extremely"}, {"end": "00:22:49", "start": "00:22:46", "text": "extremely tough one. Do you see a"}, {"end": "00:22:51", "start": "00:22:48", "text": "pattern here that I'm going to have a"}, {"end": "00:22:54", "start": "00:22:49", "text": "really hard time voting?"}, {"end": "00:22:57", "start": "00:22:51", "text": "Most entertaining video of the year. Um"}, {"end": "00:22:59", "start": "00:22:54", "text": "so gun game win by James. Um, let's"}, {"end": "00:23:00", "start": "00:22:57", "text": "actually let's click on these. And you"}, {"end": "00:23:02", "start": "00:22:59", "text": "know what? I'm sure I already did it,"}, {"end": "00:23:04", "start": "00:23:00", "text": "but I'm going to splice in um the uh the"}, {"end": "00:23:07", "start": "00:23:02", "text": "IP projects, too, as I talk about those"}, {"end": "00:23:08", "start": "00:23:04", "text": "in my video. But Gun Game: Win by James."}, {"end": "00:23:10", "start": "00:23:07", "text": "So, let's go check these out. And I'm"}, {"end": "00:23:13", "start": "00:23:08", "text": "going to probably have to silence the"}, {"end": "00:23:14", "start": "00:23:10", "text": "sound on these because um unfortunately"}, {"end": "00:23:16", "start": "00:23:13", "text": "um YouTube has been nailing me on"}, {"end": "00:23:19", "start": "00:23:14", "text": "copyright with um different types of"}, {"end": "00:23:20", "start": "00:23:16", "text": "music. Um but these things again are"}, {"end": "00:23:23", "start": "00:23:19", "text": "twice as good if you hear them with"}, {"end": "00:23:25", "start": "00:23:20", "text": "their music. But okay, first off, James."}, {"end": "00:23:26", "start": "00:23:23", "text": "All right, so what's cool about this one"}, {"end": "00:23:27", "start": "00:23:25", "text": "is I can download it. So, I can just"}, {"end": "00:23:28", "start": "00:23:26", "text": "splice it right in my video. I'm going"}, {"end": "00:23:30", "start": "00:23:27", "text": "to play the whole entire thing. It's"}, {"end": "00:23:32", "start": "00:23:28", "text": "only 1 minute and 11 seconds long. You"}, {"end": "00:23:34", "start": "00:23:30", "text": "can hear uh some of the dev team like"}, {"end": "00:23:36", "start": "00:23:32", "text": "Santi talking in the background. And uh"}, {"end": "00:23:39", "start": "00:23:34", "text": "yeah, dude, James is nasty. Check this"}, {"end": "00:23:39", "start": "00:23:36", "text": "out, dude."}, {"end": "00:24:11", "start": "00:24:08", "text": "That was close."}, {"end": "00:24:26", "start": "00:24:20", "text": "Bro, who was that? So sneaky with the"}, {"end": "00:24:26", "start": "00:24:23", "text": "movements,"}, {"end": "00:24:30", "start": "00:24:27", "text": "bro. J is already on the topic"}, {"end": "00:24:31", "start": "00:24:29", "text": "underneath."}, {"end": "00:24:34", "start": "00:24:30", "text": "What? What?"}, {"end": "00:24:35", "start": "00:24:31", "text": "Omg"}, {"end": "00:24:38", "start": "00:24:34", "text": "again, bro."}, {"end": "00:24:39", "start": "00:24:35", "text": "All right. Next, we have Oni Zuka's."}, {"end": "00:24:42", "start": "00:24:38", "text": "What do they they title this the song"}, {"end": "00:24:44", "start": "00:24:39", "text": "edit, right? On Zuka's song edit. And uh"}, {"end": "00:24:45", "start": "00:24:42", "text": "this is this is going to be Oops. Sorry,"}, {"end": "00:24:46", "start": "00:24:44", "text": "guys. This is going to be absolutely"}, {"end": "00:24:48", "start": "00:24:45", "text": "nothing without hearing the music. I'll"}, {"end": "00:24:49", "start": "00:24:46", "text": "just play just a second of the music. I"}, {"end": "00:24:52", "start": "00:24:48", "text": "think I'm allowed to play like two or"}, {"end": "00:24:52", "start": "00:24:49", "text": "three seconds of it, but"}, {"end": "00:24:55", "start": "00:24:52", "text": "So, man, I wish I could play the whole"}, {"end": "00:24:56", "start": "00:24:54", "text": "thing. You guys are going to have to go"}, {"end": "00:24:58", "start": "00:24:55", "text": "check this out on your own, but when you"}, {"end": "00:24:59", "start": "00:24:56", "text": "guys go vote, you guys can watch this."}, {"end": "00:25:01", "start": "00:24:58", "text": "But on Zuka, man, one of the best"}, {"end": "00:25:03", "start": "00:24:59", "text": "photographers for Star Atlas, and he"}, {"end": "00:25:05", "start": "00:25:01", "text": "does this like really cool um AI stuff"}, {"end": "00:25:06", "start": "00:25:03", "text": "that a lot of times he'll splice in. All"}, {"end": "00:25:08", "start": "00:25:05", "text": "this is actually in-game footage right"}, {"end": "00:25:09", "start": "00:25:06", "text": "here. Like this right here. This is some"}, {"end": "00:25:10", "start": "00:25:08", "text": "really cool engage and it goes with"}, {"end": "00:25:12", "start": "00:25:09", "text": "actually the like the the music"}, {"end": "00:25:14", "start": "00:25:10", "text": "unfortunately. Um it doesn't do it"}, {"end": "00:25:16", "start": "00:25:12", "text": "justice. This look at this awesome AI"}, {"end": "00:25:17", "start": "00:25:14", "text": "right here, man. Does not do it justice"}, {"end": "00:25:19", "start": "00:25:16", "text": "without uh without hearing the music."}, {"end": "00:25:22", "start": "00:25:17", "text": "So, I'm sorry um Onisuka that I can't"}, {"end": "00:25:24", "start": "00:25:19", "text": "play your video. All right, next. Um"}, {"end": "00:25:25", "start": "00:25:22", "text": "boy, this is so cool. This was cool that"}, {"end": "00:25:27", "start": "00:25:24", "text": "this happened. This was um"}, {"end": "00:25:29", "start": "00:25:25", "text": "What's up, guys? Atlas Theory here. I"}, {"end": "00:25:31", "start": "00:25:27", "text": "just wanted to welcome you in to the"}, {"end": "00:25:34", "start": "00:25:29", "text": "star vlog. Now, this is going to be a"}, {"end": "00:25:35", "start": "00:25:31", "text": "video in three parts. My co-host Shadex"}, {"end": "00:25:37", "start": "00:25:34", "text": "One and I are going to sit down and take"}, {"end": "00:25:40", "start": "00:25:35", "text": "you guys through really the history of"}, {"end": "00:25:42", "start": "00:25:37", "text": "the Star Vlog, what this project is."}, {"end": "00:25:45", "start": "00:25:40", "text": "Also, our Star Atlas impact experience."}, {"end": "00:25:47", "start": "00:25:42", "text": "And then lastly, we will go through what"}, {"end": "00:25:50", "start": "00:25:45", "text": "we think the future will be like for"}, {"end": "00:25:52", "start": "00:25:47", "text": "both Impact as well as this Star Vlog"}, {"end": "00:25:53", "start": "00:25:50", "text": "project. So, I hope you guys enjoy. As"}, {"end": "00:25:55", "start": "00:25:52", "text": "always, we want this to be community."}, {"end": "00:25:57", "start": "00:25:53", "text": "So, so this this was so cool because"}, {"end": "00:25:59", "start": "00:25:55", "text": "they end up going um Shadex uh you can"}, {"end": "00:26:02", "start": "00:25:57", "text": "see right here. Um this is them talking"}, {"end": "00:26:05", "start": "00:25:59", "text": "about it. Um but the they actually uh go"}, {"end": "00:26:07", "start": "00:26:02", "text": "into the um Salana Breakpoint and Star"}, {"end": "00:26:08", "start": "00:26:05", "text": "Atlas had their own impact summit in the"}, {"end": "00:26:10", "start": "00:26:07", "text": "middle of it and they had all these"}, {"end": "00:26:13", "start": "00:26:08", "text": "amazing interviews um with all the just"}, {"end": "00:26:15", "start": "00:26:10", "text": "different members of Star Atlas here. Um"}, {"end": "00:26:16", "start": "00:26:13", "text": "you get to like really like almost feel"}, {"end": "00:26:20", "start": "00:26:15", "text": "like that you were there if you didn't"}, {"end": "00:26:22", "start": "00:26:16", "text": "get to go. Um look at Lordo man. Um I"}, {"end": "00:26:25", "start": "00:26:20", "text": "enjoyed this so much man. Craig from the"}, {"end": "00:26:27", "start": "00:26:22", "text": "Super Phoenix. Oh I missed him. Um yeah"}, {"end": "00:26:29", "start": "00:26:25", "text": "so many people including some of the dev"}, {"end": "00:26:31", "start": "00:26:27", "text": "members. Um, oh, here's CEO of Star"}, {"end": "00:26:33", "start": "00:26:29", "text": "Atlas, Michael Wagner, you know. Yeah,"}, {"end": "00:26:35", "start": "00:26:31", "text": "tons of people. This was a fantastic"}, {"end": "00:26:37", "start": "00:26:33", "text": "thing that they put out for all of us um"}, {"end": "00:26:38", "start": "00:26:35", "text": "that were stuck back in our homes during"}, {"end": "00:26:40", "start": "00:26:37", "text": "the impact summit. It was like a little"}, {"end": "00:26:42", "start": "00:26:38", "text": "bit of a behind the scenes to what was"}, {"end": "00:26:43", "start": "00:26:40", "text": "actually going on there. So, thank you"}, {"end": "00:26:45", "start": "00:26:42", "text": "guys for doing that. I'm glad so glad"}, {"end": "00:26:48", "start": "00:26:43", "text": "that you guys got nominated for one of"}, {"end": "00:26:50", "start": "00:26:45", "text": "the awards. Um, next, this is uh I saw a"}, {"end": "00:26:51", "start": "00:26:48", "text": "lot of people saying that they actually"}, {"end": "00:26:54", "start": "00:26:50", "text": "might have to vote for this because this"}, {"end": "00:26:56", "start": "00:26:51", "text": "is like like one of the like only ways"}, {"end": "00:26:59", "start": "00:26:54", "text": "to explore what the economy of Star"}, {"end": "00:27:02", "start": "00:26:56", "text": "Atlas actually is. Um, this is, if I can"}, {"end": "00:27:04", "start": "00:26:59", "text": "say the name right, Fronen Sconers Sage"}, {"end": "00:27:07", "start": "00:27:02", "text": "Time Lapse. I've used this in multiple"}, {"end": "00:27:08", "start": "00:27:04", "text": "um multiple videos of like maybe even"}, {"end": "00:27:10", "start": "00:27:07", "text": "the one that I I actually might have"}, {"end": "00:27:12", "start": "00:27:08", "text": "used it in the BTH building a web 3"}, {"end": "00:27:13", "start": "00:27:10", "text": "experience that I actually like am up"}, {"end": "00:27:15", "start": "00:27:12", "text": "for a Jon award for. I actually might"}, {"end": "00:27:17", "start": "00:27:13", "text": "have used his time-lapse in it because"}, {"end": "00:27:20", "start": "00:27:15", "text": "it is so phenomenal. Um, now I've done"}, {"end": "00:27:21", "start": "00:27:17", "text": "some time lapse um, uh, prior to this."}, {"end": "00:27:24", "start": "00:27:20", "text": "I've done like two or three. I've I've"}, {"end": "00:27:26", "start": "00:27:21", "text": "done it in both um, uh, using I think"}, {"end": "00:27:30", "start": "00:27:24", "text": "even the old's um, uh, version of Sage"}, {"end": "00:27:32", "start": "00:27:26", "text": "Labs and Starbased and I did an EVI one."}, {"end": "00:27:34", "start": "00:27:30", "text": "Now, how what makes his special is how"}, {"end": "00:27:36", "start": "00:27:32", "text": "he like zooms in, zooms out, and he puts"}, {"end": "00:27:37", "start": "00:27:34", "text": "this awesome music to it. Let's see if I"}, {"end": "00:27:39", "start": "00:27:36", "text": "can download this one and splice it."}, {"end": "00:27:40", "start": "00:27:37", "text": "Yes, I can download this one and also"}, {"end": "00:27:42", "start": "00:27:39", "text": "put this. So, we're going to watch this"}, {"end": "00:27:43", "start": "00:27:40", "text": "whole entire thing because it uh just"}, {"end": "00:27:45", "start": "00:27:42", "text": "uses Star Atlas music and I I I don't"}, {"end": "00:27:47", "start": "00:27:43", "text": "get copyritten for uh for that. So, um"}, {"end": "00:27:48", "start": "00:27:45", "text": "yeah, guys, enjoy. If you've never seen"}, {"end": "00:27:50", "start": "00:27:47", "text": "this before, if you have seen it, enjoy"}, {"end": "00:27:53", "start": "00:27:48", "text": "once again because it is awesome. Um"}, {"end": "00:27:57", "start": "00:27:50", "text": "yeah, hats off to um to Fran for putting"}, {"end": "00:27:57", "start": "00:27:53", "text": "this out. This is so cool."}, {"end": "00:28:38", "start": "00:28:33", "text": "And then finally, um, BTH Building a web"}, {"end": "00:28:40", "start": "00:28:36", "text": "3 gaming cyber nation. You guys voted me"}, {"end": "00:28:41", "start": "00:28:38", "text": "for a video. Thank you so much, man. You"}, {"end": "00:28:43", "start": "00:28:40", "text": "know what's really funny is so the"}, {"end": "00:28:44", "start": "00:28:41", "text": "category and Joanie Awards is most"}, {"end": "00:28:46", "start": "00:28:43", "text": "entertaining video of the year. I"}, {"end": "00:28:47", "start": "00:28:44", "text": "really, really thought it was going to"}, {"end": "00:28:48", "start": "00:28:46", "text": "be I'll show you the one I thought it"}, {"end": "00:28:49", "start": "00:28:47", "text": "was going to be for the most"}, {"end": "00:28:50", "start": "00:28:48", "text": "entertaining one I ever put out. I"}, {"end": "00:28:53", "start": "00:28:49", "text": "thought you guys were going to vote for"}, {"end": "00:28:53", "start": "00:28:50", "text": "this one right here. Ready?"}, {"end": "00:28:59", "start": "00:28:54", "text": "Do you guys remember this last Christmas"}, {"end": "00:29:00", "start": "00:28:56", "text": "time?"}, {"end": "00:29:03", "start": "00:28:59", "text": "I thought it was going to be this one."}, {"end": "00:29:03", "start": "00:29:00", "text": "Do you guys remember this?"}, {"end": "00:29:14", "start": "00:29:10", "text": "Oh, I remember that. That was the"}, {"end": "00:29:17", "start": "00:29:12", "text": "blizzard back in 2620 on planet"}, {"end": "00:29:20", "start": "00:29:14", "text": "Lamentus. We almost didn't have"}, {"end": "00:29:23", "start": "00:29:17", "text": "ourselves a Star Atlas Christmas. Oh,"}, {"end": "00:29:24", "start": "00:29:20", "text": "wait. You've never heard of Star Atlas"}, {"end": "00:29:26", "start": "00:29:23", "text": "Christmas?"}, {"end": "00:29:28", "start": "00:29:24", "text": "Oh, heck no. They ain't ever heard of"}, {"end": "00:29:30", "start": "00:29:26", "text": "Star Atlas Christmas?"}, {"end": "00:29:32", "start": "00:29:28", "text": "Well, you're in the right place, boys"}, {"end": "00:29:35", "start": "00:29:30", "text": "and girls. Pull yourself up an ice"}, {"end": "00:29:37", "start": "00:29:32", "text": "block. Pour yourself a nice steaming cup"}, {"end": "00:29:40", "start": "00:29:35", "text": "of hot cocoa. Add a dollop of squid"}, {"end": "00:29:42", "start": "00:29:37", "text": "milk. And grab yourself a can of"}, {"end": "00:29:44", "start": "00:29:40", "text": "Christmas beans. There ain't no such"}, {"end": "00:29:46", "start": "00:29:42", "text": "thing as Christmas beans."}, {"end": "00:29:48", "start": "00:29:44", "text": "Well, anyway, I could not do this one"}, {"end": "00:29:49", "start": "00:29:46", "text": "without you guys. I just want to send a"}, {"end": "00:29:51", "start": "00:29:48", "text": "shout out to the entire Star Atlas"}, {"end": "00:29:53", "start": "00:29:49", "text": "community for uh helping me make this"}, {"end": "00:29:54", "start": "00:29:51", "text": "one. This was like a super fun video to"}, {"end": "00:29:58", "start": "00:29:53", "text": "actually make. Um, but the one I"}, {"end": "00:30:00", "start": "00:29:54", "text": "actually got um got uh nominated for was"}, {"end": "00:30:02", "start": "00:29:58", "text": "also one that I really enjoyed making"}, {"end": "00:30:04", "start": "00:30:00", "text": "and it was um the Cyber Nation. It was"}, {"end": "00:30:07", "start": "00:30:02", "text": "like like kind of like a little mini"}, {"end": "00:30:08", "start": "00:30:04", "text": "documentary I did and um even like the"}, {"end": "00:30:09", "start": "00:30:07", "text": "thumbnail I enjoy in this one, but I"}, {"end": "00:30:10", "start": "00:30:08", "text": "just want to play you guys a second of"}, {"end": "00:30:11", "start": "00:30:09", "text": "this one."}, {"end": "00:30:14", "start": "00:30:10", "text": "Star Atlas."}, {"end": "00:30:17", "start": "00:30:11", "text": "Star Atlas. Star Atlas is building a"}, {"end": "00:30:19", "start": "00:30:14", "text": "gaming cyber nation from the ground up."}, {"end": "00:30:22", "start": "00:30:17", "text": "The gaming industry has spent the last"}, {"end": "00:30:24", "start": "00:30:19", "text": "decade refining a formula. polished"}, {"end": "00:30:27", "start": "00:30:22", "text": "graphics, familiar mechanics, and a"}, {"end": "00:30:30", "start": "00:30:24", "text": "predictable revenue stream. Studios"}, {"end": "00:30:33", "start": "00:30:27", "text": "churn out sequels and clones, Ierating"}, {"end": "00:30:35", "start": "00:30:30", "text": "on safe bets that echo designs from 10"}, {"end": "00:30:39", "start": "00:30:33", "text": "years ago. It's an incremental path,"}, {"end": "00:30:42", "start": "00:30:35", "text": "reliable but uninspired. At Star Atlas,"}, {"end": "00:30:44", "start": "00:30:39", "text": "we're taking a different approach, a"}, {"end": "00:30:46", "start": "00:30:42", "text": "different way down the road. We're not"}, {"end": "00:30:49", "start": "00:30:44", "text": "tweaking the old playbook, we're writing"}, {"end": "00:30:51", "start": "00:30:46", "text": "a new one. Our 0ero to one isn't about"}, {"end": "00:30:53", "start": "00:30:49", "text": "building another Pok\u00e9mon. It's about"}, {"end": "00:30:57", "start": "00:30:51", "text": "creating an immersive decentralized"}, {"end": "00:30:59", "start": "00:30:53", "text": "gaming cyber nation on chain. A living"}, {"end": "00:31:02", "start": "00:30:57", "text": "galaxy where players don't just play,"}, {"end": "00:31:05", "start": "00:30:59", "text": "but thrive. This is the future we're"}, {"end": "00:31:08", "start": "00:31:02", "text": "betting on. And it's unlike anything the"}, {"end": "00:31:11", "start": "00:31:05", "text": "industry has seen before. The concept of"}, {"end": "00:31:15", "start": "00:31:08", "text": "a gaming cyber nation. Imagine a galaxy"}, {"end": "00:31:17", "start": "00:31:11", "text": "so vast it spans. So, one of my favorite"}, {"end": "00:31:19", "start": "00:31:15", "text": "things about um making this video is"}, {"end": "00:31:21", "start": "00:31:17", "text": "showing this part right here. I do this"}, {"end": "00:31:24", "start": "00:31:19", "text": "montage showing all the different things"}, {"end": "00:31:26", "start": "00:31:21", "text": "that people have built um on on top of"}, {"end": "00:31:27", "start": "00:31:24", "text": "Star Atlas. So, I'm sure I missed a"}, {"end": "00:31:28", "start": "00:31:26", "text": "whole bunch, but I mean there's the"}, {"end": "00:31:31", "start": "00:31:27", "text": "slide tool right there. You just saw"}, {"end": "00:31:33", "start": "00:31:28", "text": "EVI. Um there was Tensor right here is"}, {"end": "00:31:36", "start": "00:31:31", "text": "um this is Nancy built by Kenny from"}, {"end": "00:31:38", "start": "00:31:33", "text": "AIA. Um here is Red Spatula. So, I mean"}, {"end": "00:31:41", "start": "00:31:36", "text": "people in the community are what makes"}, {"end": "00:31:43", "start": "00:31:38", "text": "Star Atlas. Um they there's so many of"}, {"end": "00:31:45", "start": "00:31:41", "text": "us that are just like doing whatever we"}, {"end": "00:31:46", "start": "00:31:43", "text": "can to like, you know, make this"}, {"end": "00:31:48", "start": "00:31:45", "text": "community even cooler than it already"}, {"end": "00:31:50", "start": "00:31:46", "text": "is. and Star Alice gives us permission"}, {"end": "00:31:52", "start": "00:31:48", "text": "by using their IP. Um, so if there is"}, {"end": "00:31:54", "start": "00:31:50", "text": "builders out here, I just want to do I"}, {"end": "00:31:56", "start": "00:31:52", "text": "just want to um throw this out here. Um,"}, {"end": "00:31:59", "start": "00:31:54", "text": "here's the music, too. I thought this"}, {"end": "00:32:01", "start": "00:31:56", "text": "was just so cool. Um, if you're building"}, {"end": "00:32:02", "start": "00:31:59", "text": "something, um, reach out to the"}, {"end": "00:32:04", "start": "00:32:01", "text": "community like for community week"}, {"end": "00:32:05", "start": "00:32:02", "text": "because throughout the whole entire"}, {"end": "00:32:07", "start": "00:32:04", "text": "week, they say that they're actually"}, {"end": "00:32:08", "start": "00:32:05", "text": "going to be um, doing special spotlights"}, {"end": "00:32:09", "start": "00:32:07", "text": "on different things that people are"}, {"end": "00:32:11", "start": "00:32:08", "text": "building. And if you are one of the"}, {"end": "00:32:12", "start": "00:32:09", "text": "builders that like I even show in my my"}, {"end": "00:32:14", "start": "00:32:11", "text": "video right here that have, you know,"}, {"end": "00:32:16", "start": "00:32:12", "text": "come out with something special, you"}, {"end": "00:32:17", "start": "00:32:14", "text": "know, reach out to, I believe Dominic,"}, {"end": "00:32:18", "start": "00:32:16", "text": "you know, you know, had a marketing man"}, {"end": "00:32:21", "start": "00:32:17", "text": "we just saw is the probably the best man"}, {"end": "00:32:23", "start": "00:32:18", "text": "to go to. Um, if not Santi. Um, and"}, {"end": "00:32:24", "start": "00:32:21", "text": "yeah, I can't wait to see what everyone"}, {"end": "00:32:26", "start": "00:32:23", "text": "is building, what the new things that"}, {"end": "00:32:29", "start": "00:32:24", "text": "are about to come out, you know, what"}, {"end": "00:32:31", "start": "00:32:26", "text": "what they are. And, you know, we are we"}, {"end": "00:32:32", "start": "00:32:29", "text": "are awesome. You know, Star Atlas, like"}, {"end": "00:32:34", "start": "00:32:31", "text": "the devs even say, it's the community"}, {"end": "00:32:36", "start": "00:32:32", "text": "that makes the actual game. So, we all"}, {"end": "00:32:38", "start": "00:32:34", "text": "will be rewarded in the end. I'm sure as"}, {"end": "00:32:40", "start": "00:32:36", "text": "all these big releases come out, we are"}, {"end": "00:32:42", "start": "00:32:38", "text": "going to hopefully get a lot more people"}, {"end": "00:32:44", "start": "00:32:40", "text": "um with eyes on Star Atlas playing the"}, {"end": "00:32:46", "start": "00:32:42", "text": "game and you know things could explode"}, {"end": "00:32:47", "start": "00:32:44", "text": "in the future and uh yeah,"}, {"end": "00:32:49", "start": "00:32:46", "text": "good stuff to come, man. Good stuff to"}, {"end": "00:32:52", "start": "00:32:47", "text": "come. Now, let's talk about the very"}, {"end": "00:32:55", "start": "00:32:49", "text": "last day of the Star Atlas community"}, {"end": "00:32:59", "start": "00:32:52", "text": "week. It is the community carnival with"}, {"end": "00:33:01", "start": "00:32:55", "text": "$15,5 in prizes. So, apparently there's"}, {"end": "00:33:04", "start": "00:32:59", "text": "going to be some type of um bot uh a"}, {"end": "00:33:06", "start": "00:33:01", "text": "custommade bot that's going to be um"}, {"end": "00:33:08", "start": "00:33:04", "text": "hanging out during the whole week long"}, {"end": "00:33:10", "start": "00:33:06", "text": "um part, you know, like the party"}, {"end": "00:33:11", "start": "00:33:08", "text": "basically that we're having for the"}, {"end": "00:33:13", "start": "00:33:10", "text": "community. It's going to be like giving"}, {"end": "00:33:14", "start": "00:33:11", "text": "us all tickets somehow. Um I don't"}, {"end": "00:33:15", "start": "00:33:13", "text": "exactly know how these raffle tickets"}, {"end": "00:33:16", "start": "00:33:14", "text": "are going to work, but we're going to be"}, {"end": "00:33:18", "start": "00:33:15", "text": "able to get a whole bunch of these"}, {"end": "00:33:19", "start": "00:33:16", "text": "tickets. I'm sure the first day that the"}, {"end": "00:33:20", "start": "00:33:18", "text": "kickoff event, there's going to be a ton"}, {"end": "00:33:22", "start": "00:33:19", "text": "of tickets given out. Um but there's"}, {"end": "00:33:23", "start": "00:33:20", "text": "going to be all sorts of chances to"}, {"end": "00:33:25", "start": "00:33:22", "text": "like, you know, kind of like in a DJ way"}, {"end": "00:33:26", "start": "00:33:23", "text": "double the amount of tickets that you're"}, {"end": "00:33:28", "start": "00:33:25", "text": "going to have. Um, there's going to be"}, {"end": "00:33:29", "start": "00:33:26", "text": "like some type of community betting that"}, {"end": "00:33:30", "start": "00:33:28", "text": "you can have. There's going to be like I"}, {"end": "00:33:32", "start": "00:33:29", "text": "think it's player versus player where"}, {"end": "00:33:34", "start": "00:33:30", "text": "they're going to have some type of rock"}, {"end": "00:33:35", "start": "00:33:32", "text": "paper scissors type of like game that"}, {"end": "00:33:36", "start": "00:33:34", "text": "you're going to be able to play. So, you"}, {"end": "00:33:38", "start": "00:33:35", "text": "can challenge people to rock paper"}, {"end": "00:33:40", "start": "00:33:36", "text": "scissors to see um if you can win their"}, {"end": "00:33:41", "start": "00:33:38", "text": "tickets, you know, beat them just by a"}, {"end": "00:33:43", "start": "00:33:40", "text": "simple game of rock paper scissors. They"}, {"end": "00:33:45", "start": "00:33:41", "text": "say this is totally whale proof. So,"}, {"end": "00:33:47", "start": "00:33:43", "text": "like whales don't have any like extra"}, {"end": "00:33:48", "start": "00:33:45", "text": "abilities to like win these prizes than"}, {"end": "00:33:50", "start": "00:33:47", "text": "just your average player that doesn't"}, {"end": "00:33:52", "start": "00:33:48", "text": "even own a single stylus asset. Um, just"}, {"end": "00:33:53", "start": "00:33:50", "text": "by being at the community event, you"}, {"end": "00:33:56", "start": "00:33:52", "text": "have the chance to win all sorts of this"}, {"end": "00:33:59", "start": "00:33:53", "text": "these cool things. Um, what else is"}, {"end": "00:34:01", "start": "00:33:56", "text": "there? I took some notes here. Um,"}, {"end": "00:34:03", "start": "00:33:59", "text": "oh, I I think I just jotted down too"}, {"end": "00:34:05", "start": "00:34:01", "text": "that um maybe the community um team"}, {"end": "00:34:06", "start": "00:34:03", "text": "versus community um might have some"}, {"end": "00:34:09", "start": "00:34:05", "text": "raffle tickets, too. And then there's"}, {"end": "00:34:11", "start": "00:34:06", "text": "also going to be um a special badge that"}, {"end": "00:34:12", "start": "00:34:09", "text": "you get. The badge doesn't really give"}, {"end": "00:34:13", "start": "00:34:11", "text": "it have any utility for Star Alice. It's"}, {"end": "00:34:15", "start": "00:34:12", "text": "just a really cool badge. I'm not too"}, {"end": "00:34:17", "start": "00:34:13", "text": "sure if I have a picture of it. Um but"}, {"end": "00:34:18", "start": "00:34:15", "text": "it's it's in the whole entire motif of"}, {"end": "00:34:19", "start": "00:34:17", "text": "all these different graphics that we've"}, {"end": "00:34:21", "start": "00:34:18", "text": "been seeing. It's a really beautiful"}, {"end": "00:34:23", "start": "00:34:19", "text": "badge. Um, but it actually just proves"}, {"end": "00:34:25", "start": "00:34:21", "text": "that you were around at this given time"}, {"end": "00:34:27", "start": "00:34:23", "text": "in the history of Star Atlas. So, lots"}, {"end": "00:34:29", "start": "00:34:25", "text": "of cool stuff. Let's see if I can find"}, {"end": "00:34:31", "start": "00:34:27", "text": "the badge. Oh, here is the community"}, {"end": "00:34:33", "start": "00:34:29", "text": "carnival ticket. So, these are the"}, {"end": "00:34:35", "start": "00:34:31", "text": "raffle tickets that you'll be getting um"}, {"end": "00:34:37", "start": "00:34:33", "text": "that we just were just talking about."}, {"end": "00:34:39", "start": "00:34:35", "text": "And then um over here in Discord, I just"}, {"end": "00:34:42", "start": "00:34:37", "text": "realized here is the awesome community"}, {"end": "00:34:42", "start": "00:34:39", "text": "week badge. Gosh, I want one. I don't"}, {"end": "00:34:43", "start": "00:34:42", "text": "think I'm going to be able to get one"}, {"end": "00:34:46", "start": "00:34:42", "text": "cuz I know I'm not going to be able to"}, {"end": "00:34:48", "start": "00:34:43", "text": "attend all six um events. Um boy, I'll"}, {"end": "00:34:50", "start": "00:34:46", "text": "be lucky if I do. Um, someone you have,"}, {"end": "00:34:52", "start": "00:34:48", "text": "uh, you know, two Discord accounts, log"}, {"end": "00:34:54", "start": "00:34:50", "text": "into both so you guys can win me one of"}, {"end": "00:34:55", "start": "00:34:52", "text": "these badges and send it to my wallet."}, {"end": "00:34:58", "start": "00:34:54", "text": "There's always a link to my wallet down"}, {"end": "00:35:00", "start": "00:34:55", "text": "below in the description. Um, hey, let"}, {"end": "00:35:01", "start": "00:34:58", "text": "me know guys down in the comments below."}, {"end": "00:35:03", "start": "00:35:00", "text": "What are you most excited about in"}, {"end": "00:35:04", "start": "00:35:01", "text": "community week? Who do you guys, you"}, {"end": "00:35:06", "start": "00:35:03", "text": "know, do you have any special insights"}, {"end": "00:35:07", "start": "00:35:04", "text": "on who people should vote for in the"}, {"end": "00:35:09", "start": "00:35:06", "text": "Joan Awards? What guild do you think is"}, {"end": "00:35:10", "start": "00:35:07", "text": "going to be the winner of the, you know,"}, {"end": "00:35:12", "start": "00:35:09", "text": "of the guild competition? Who do you"}, {"end": "00:35:13", "start": "00:35:10", "text": "think is going to take Copa award? Give"}, {"end": "00:35:15", "start": "00:35:12", "text": "me some comments below. I love reading"}, {"end": "00:35:17", "start": "00:35:13", "text": "your comments. And you, you know what?"}, {"end": "00:35:19", "start": "00:35:15", "text": "Um, I'll catch you guys throughout the"}, {"end": "00:35:21", "start": "00:35:17", "text": "community week. Hopefully I can bust out"}, {"end": "00:35:22", "start": "00:35:19", "text": "a video or two. Um, with my busy"}, {"end": "00:35:24", "start": "00:35:21", "text": "schedule, it's kind of tough sometimes,"}, {"end": "00:35:26", "start": "00:35:22", "text": "but I'll try to I'll try my best to do"}, {"end": "00:35:30", "start": "00:35:24", "text": "some coverage of it. And I'll talk to"}, {"end": "00:35:30", "start": "00:35:26", "text": "you guys in the next one. Later, guys."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up mods? What's up ponies?"}, {"end": "00:00:06", "start": "00:00:02", "text": "And what's up boosters, man? Look at"}, {"end": "00:00:09", "start": "00:00:04", "text": "your screen. Look at what's in front of"}, {"end": "00:00:10", "start": "00:00:06", "text": "you, man. This is Cataclysm. It is"}, {"end": "00:00:12", "start": "00:00:09", "text": "finally coming out. I've been itching to"}, {"end": "00:00:14", "start": "00:00:10", "text": "play this for over a year when it was"}, {"end": "00:00:16", "start": "00:00:12", "text": "first announced at Aphia's last"}, {"end": "00:00:17", "start": "00:00:14", "text": "anniversary and that was the third. They"}, {"end": "00:00:19", "start": "00:00:16", "text": "just celebrated their fourth"}, {"end": "00:00:22", "start": "00:00:17", "text": "anniversary. This was put together by"}, {"end": "00:00:25", "start": "00:00:19", "text": "the AIA guild's own Valconin with some"}, {"end": "00:00:26", "start": "00:00:22", "text": "help from Sensei and Funcracker."}, {"end": "00:00:28", "start": "00:00:25", "text": "It's so cool, man. You are going to"}, {"end": "00:00:30", "start": "00:00:26", "text": "totally dig this. and you actually get"}, {"end": "00:00:31", "start": "00:00:28", "text": "to watch it on your screen and"}, {"end": "00:00:33", "start": "00:00:30", "text": "experience it right here where I'm going"}, {"end": "00:00:34", "start": "00:00:31", "text": "to play against one of the star Alice"}, {"end": "00:00:36", "start": "00:00:33", "text": "devs, someone that you guys all know and"}, {"end": "00:00:38", "start": "00:00:34", "text": "love. You will see in just a second."}, {"end": "00:00:41", "start": "00:00:36", "text": "Without further ado, man, let's get into"}, {"end": "00:00:41", "start": "00:00:38", "text": "it. Let's roll."}, {"end": "00:00:50", "start": "00:00:42", "text": "[Music]"}, {"end": "00:00:57", "start": "00:00:53", "text": "What is up captains and cadets? This is"}, {"end": "00:01:00", "start": "00:00:55", "text": "Beyond the Horizon, and I have a special"}, {"end": "00:01:03", "start": "00:00:57", "text": "guest today. I am playing the the nuke"}, {"end": "00:01:06", "start": "00:01:00", "text": "of lore. I'm playing Jose,"}, {"end": "00:01:09", "start": "00:01:03", "text": "lore master of Star Atlas, man. Welcome,"}, {"end": "00:01:11", "start": "00:01:06", "text": "dude. How are you?"}, {"end": "00:01:12", "start": "00:01:09", "text": "All good. All good. Pleasure to be here,"}, {"end": "00:01:15", "start": "00:01:11", "text": "my friend. Super excited to be here"}, {"end": "00:01:18", "start": "00:01:12", "text": "playing Cataclys, the newest game"}, {"end": "00:01:20", "start": "00:01:15", "text": "created by Aifia. And the game is really"}, {"end": "00:01:22", "start": "00:01:18", "text": "good. You guys will see we are we're"}, {"end": "00:01:23", "start": "00:01:20", "text": "going to have lots of fun."}, {"end": "00:01:25", "start": "00:01:22", "text": "All right, as you what you're seeing"}, {"end": "00:01:27", "start": "00:01:23", "text": "right here is my end of Cataclysm, the"}, {"end": "00:01:29", "start": "00:01:25", "text": "card game um from Aphia that Jose was"}, {"end": "00:01:31", "start": "00:01:27", "text": "just talking about. And this is so"}, {"end": "00:01:32", "start": "00:01:29", "text": "awesome. If you can see all the little"}, {"end": "00:01:33", "start": "00:01:31", "text": "special effects they have in the"}, {"end": "00:01:35", "start": "00:01:32", "text": "background, you see all the little"}, {"end": "00:01:38", "start": "00:01:33", "text": "animations when you know hover over a"}, {"end": "00:01:40", "start": "00:01:35", "text": "card. And if you guys have ever played"}, {"end": "00:01:43", "start": "00:01:38", "text": "Witcher 3, they took some liberties from"}, {"end": "00:01:45", "start": "00:01:40", "text": "Witcher 3. Um and this is kind of based"}, {"end": "00:01:46", "start": "00:01:43", "text": "on one of the card games that both Jose"}, {"end": "00:01:48", "start": "00:01:45", "text": "and I have actually played in the past"}, {"end": "00:01:50", "start": "00:01:46", "text": "called Gwent. And I believe it was also"}, {"end": "00:01:52", "start": "00:01:48", "text": "a standalone game that you can get an"}, {"end": "00:01:54", "start": "00:01:50", "text": "app for at a certain point. But it was a"}, {"end": "00:01:56", "start": "00:01:52", "text": "super fun game that was an in-game uh"}, {"end": "00:01:58", "start": "00:01:54", "text": "something you play in game on Witcher 3,"}, {"end": "00:02:01", "start": "00:01:56", "text": "you know, uh and it was really addictive"}, {"end": "00:02:05", "start": "00:01:58", "text": "to a lot of people. And Aphia made such"}, {"end": "00:02:07", "start": "00:02:01", "text": "a better version of that game."}, {"end": "00:02:09", "start": "00:02:05", "text": "It's looking really good. You guys will"}, {"end": "00:02:11", "start": "00:02:07", "text": "see. Really looking forward to test"}, {"end": "00:02:13", "start": "00:02:09", "text": "everything."}, {"end": "00:02:16", "start": "00:02:11", "text": "So, what I have to do is you each one of"}, {"end": "00:02:18", "start": "00:02:13", "text": "these cards right here um you'll see in"}, {"end": "00:02:20", "start": "00:02:16", "text": "a second how um gets placed on a game"}, {"end": "00:02:22", "start": "00:02:18", "text": "board. Um and what I have to do is kind"}, {"end": "00:02:23", "start": "00:02:20", "text": "of read through these cards first. And"}, {"end": "00:02:25", "start": "00:02:22", "text": "after you play this a few rounds, you'll"}, {"end": "00:02:27", "start": "00:02:23", "text": "kind of get used to which cards you want"}, {"end": "00:02:31", "start": "00:02:25", "text": "to hold, which ones you want to discard."}, {"end": "00:02:32", "start": "00:02:27", "text": "Um but um each one of these has well I"}, {"end": "00:02:34", "start": "00:02:31", "text": "shouldn't say each one, but some of them"}, {"end": "00:02:36", "start": "00:02:32", "text": "have some really good special abilities"}, {"end": "00:02:39", "start": "00:02:34", "text": "that help you out um as the game is"}, {"end": "00:02:43", "start": "00:02:36", "text": "played. Um but let me just get the game"}, {"end": "00:02:43", "start": "00:02:39", "text": "going here. I'm going to discard a few."}, {"end": "00:02:51", "start": "00:02:47", "text": "And once you discard, they go into the"}, {"end": "00:02:55", "start": "00:02:49", "text": "junkyard. And some cards actually let"}, {"end": "00:02:55", "start": "00:02:51", "text": "you bring those cards back."}, {"end": "00:03:02", "start": "00:02:59", "text": "All right."}, {"end": "00:03:09", "start": "00:03:04", "text": "Now, you can see the game board in front"}, {"end": "00:03:11", "start": "00:03:06", "text": "of us right here."}, {"end": "00:03:13", "start": "00:03:09", "text": "We have all these different zones. Do"}, {"end": "00:03:16", "start": "00:03:11", "text": "you want to explain the zones, Jose, so"}, {"end": "00:03:19", "start": "00:03:13", "text": "people know what we're looking at? Uh,"}, {"end": "00:03:21", "start": "00:03:16", "text": "as you guys can see, uh, we have four"}, {"end": "00:03:22", "start": "00:03:19", "text": "different zones in the game. The one"}, {"end": "00:03:25", "start": "00:03:21", "text": "with the bullets at the middle of the"}, {"end": "00:03:27", "start": "00:03:22", "text": "map is the cataclysm zone. Here you see"}, {"end": "00:03:30", "start": "00:03:25", "text": "the you play the cars that are"}, {"end": "00:03:32", "start": "00:03:27", "text": "associated with direct firepower and"}, {"end": "00:03:35", "start": "00:03:30", "text": "combat. In the left side of the board in"}, {"end": "00:03:38", "start": "00:03:32", "text": "purple with that cog wheel, we have the"}, {"end": "00:03:41", "start": "00:03:35", "text": "industry area of the game. There you"}, {"end": "00:03:44", "start": "00:03:38", "text": "have structures and support ships that"}, {"end": "00:03:46", "start": "00:03:41", "text": "work more on special effects and"}, {"end": "00:03:48", "start": "00:03:44", "text": "providing points or other effects every"}, {"end": "00:03:51", "start": "00:03:46", "text": "turn. In the bottom with that military"}, {"end": "00:03:55", "start": "00:03:48", "text": "symbol in blue, we have the command"}, {"end": "00:03:57", "start": "00:03:51", "text": "ships. Those ships they they are more of"}, {"end": "00:03:59", "start": "00:03:55", "text": "our all around ships. Uh they have some"}, {"end": "00:04:00", "start": "00:03:57", "text": "effects. Some of the times they are"}, {"end": "00:04:02", "start": "00:03:59", "text": "multiroll meaning that they can be"}, {"end": "00:04:05", "start": "00:04:00", "text": "deployed in different areas of the"}, {"end": "00:04:08", "start": "00:04:02", "text": "board. So they are like a reserve from"}, {"end": "00:04:10", "start": "00:04:05", "text": "the from your main ships. And finally on"}, {"end": "00:04:12", "start": "00:04:08", "text": "the right side of the screens with the"}, {"end": "00:04:15", "start": "00:04:10", "text": "cross you have the support ships which"}, {"end": "00:04:19", "start": "00:04:12", "text": "is another area of the board. Uh"}, {"end": "00:04:22", "start": "00:04:15", "text": "normally you place ships there that have"}, {"end": "00:04:24", "start": "00:04:19", "text": "uh combo abilities, special uh"}, {"end": "00:04:27", "start": "00:04:22", "text": "characteristics that helps each other to"}, {"end": "00:04:30", "start": "00:04:24", "text": "make more points. And the idea here in"}, {"end": "00:04:31", "start": "00:04:27", "text": "this game is to try to win every round"}, {"end": "00:04:35", "start": "00:04:30", "text": "using the least amount of cards"}, {"end": "00:04:37", "start": "00:04:31", "text": "possible. As you can see, the two of us"}, {"end": "00:04:38", "start": "00:04:35", "text": "right now have seven cards. And what"}, {"end": "00:04:41", "start": "00:04:37", "text": "we're going to try to do is make the"}, {"end": "00:04:44", "start": "00:04:38", "text": "most points every round without spending"}, {"end": "00:04:46", "start": "00:04:41", "text": "trying to spend a few cards as possible"}, {"end": "00:04:49", "start": "00:04:44", "text": "to make those points. And whoever makes"}, {"end": "00:04:52", "start": "00:04:46", "text": "the two the two rounds, whoever wins two"}, {"end": "00:04:54", "start": "00:04:49", "text": "hounds first get the match. So, I'm"}, {"end": "00:04:56", "start": "00:04:52", "text": "going to start."}, {"end": "00:04:59", "start": "00:04:54", "text": "Oh, it's it's still you. Sorry. I was"}, {"end": "00:05:00", "start": "00:04:56", "text": "thinking it was my turn. Sorry. Oh, it"}, {"end": "00:05:02", "start": "00:04:59", "text": "was Oh, I thought it was your turn, too."}, {"end": "00:05:05", "start": "00:05:00", "text": "So, um, you know, first off, hats off"}, {"end": "00:05:06", "start": "00:05:02", "text": "and props to Aphia for, um, coming out"}, {"end": "00:05:08", "start": "00:05:05", "text": "with this game. It is absolutely"}, {"end": "00:05:10", "start": "00:05:06", "text": "amazing. They gave us a sneak peek about"}, {"end": "00:05:12", "start": "00:05:08", "text": "a year ago, and, um, I've been excited"}, {"end": "00:05:15", "start": "00:05:10", "text": "to play it ever since. And so, this is"}, {"end": "00:05:18", "start": "00:05:12", "text": "an honor, um, that, um, you know, just I"}, {"end": "00:05:20", "start": "00:05:15", "text": "was chosen, uh, to play one of the dev"}, {"end": "00:05:22", "start": "00:05:18", "text": "members of Star Alice to, you know, like"}, {"end": "00:05:24", "start": "00:05:20", "text": "in a game of Cataclysm. And just to be"}, {"end": "00:05:26", "start": "00:05:22", "text": "honest, Jose and I actually played a"}, {"end": "00:05:28", "start": "00:05:24", "text": "game. I thought I was recording it and I"}, {"end": "00:05:30", "start": "00:05:26", "text": "screwed up and screwed up the recording."}, {"end": "00:05:32", "start": "00:05:28", "text": "But Josie already whipped my butt once"}, {"end": "00:05:34", "start": "00:05:30", "text": "and let's see if I can actually have a"}, {"end": "00:05:36", "start": "00:05:32", "text": "comeback here and uh and take him out."}, {"end": "00:05:39", "start": "00:05:34", "text": "So, he gave me a couple tips when I"}, {"end": "00:05:43", "start": "00:05:36", "text": "actually was playing him. So, um we're"}, {"end": "00:05:45", "start": "00:05:39", "text": "going to start with this one right here."}, {"end": "00:05:48", "start": "00:05:43", "text": "We're starting off strong, mean and"}, {"end": "00:05:48", "start": "00:05:45", "text": "strong. Man,"}, {"end": "00:05:57", "start": "00:05:51", "text": "as you guys can see, the ballot he just"}, {"end": "00:05:59", "start": "00:05:53", "text": "played gives one plus uh score for every"}, {"end": "00:06:04", "start": "00:05:57", "text": "small win median ship that he deploys in"}, {"end": "00:06:07", "start": "00:05:59", "text": "this red area here. So, got to watch out"}, {"end": "00:06:08", "start": "00:06:04", "text": "what he's going to do there."}, {"end": "00:06:12", "start": "00:06:07", "text": "And so, yeah. So, I just got that little"}, {"end": "00:06:14", "start": "00:06:08", "text": "plus one animation again. Um the way"}, {"end": "00:06:15", "start": "00:06:12", "text": "everything looks and is so streamlined"}, {"end": "00:06:17", "start": "00:06:14", "text": "in this game is just awesome, you know."}, {"end": "00:06:19", "start": "00:06:15", "text": "Like I love the love all the little"}, {"end": "00:06:21", "start": "00:06:17", "text": "details that you know that they did. So"}, {"end": "00:06:26", "start": "00:06:19", "text": "it's phenomenal, man."}, {"end": "00:06:26", "start": "00:06:21", "text": "Yeah. No, it's looking really good."}, {"end": "00:06:35", "start": "00:06:30", "text": "So what Jose just played on my actually"}, {"end": "00:06:37", "start": "00:06:32", "text": "on my end, we read it says deploy to"}, {"end": "00:06:40", "start": "00:06:35", "text": "opponent's front line, but he got to"}, {"end": "00:06:42", "start": "00:06:37", "text": "draw two cards from his reserve. choose"}, {"end": "00:06:43", "start": "00:06:40", "text": "one to keep in and then so he got to"}, {"end": "00:06:44", "start": "00:06:42", "text": "choose one of those two to keep in his"}, {"end": "00:06:46", "start": "00:06:43", "text": "hand. So like maybe he he grabbed this"}, {"end": "00:06:48", "start": "00:06:44", "text": "as a throwaway, but hopefully he got a"}, {"end": "00:06:51", "start": "00:06:46", "text": "better card for that, you know, playing"}, {"end": "00:06:54", "start": "00:06:48", "text": "that one right there."}, {"end": "00:06:54", "start": "00:06:51", "text": "See,"}, {"end": "00:06:59", "start": "00:06:55", "text": "and I'm doing pretty good right now. I'm"}, {"end": "00:07:02", "start": "00:06:57", "text": "a little afraid to like throw any any of"}, {"end": "00:07:04", "start": "00:06:59", "text": "my stronger uh plays at this moment. Um"}, {"end": "00:07:06", "start": "00:07:02", "text": "but he could he could come back. So am"}, {"end": "00:07:09", "start": "00:07:04", "text": "I."}, {"end": "00:07:11", "start": "00:07:06", "text": "So here here is the the important part"}, {"end": "00:07:14", "start": "00:07:09", "text": "of this game. He has a huge lead right"}, {"end": "00:07:17", "start": "00:07:11", "text": "now, but he's unsure of how much I can"}, {"end": "00:07:19", "start": "00:07:14", "text": "commit to this round to try to surpass"}, {"end": "00:07:22", "start": "00:07:17", "text": "his score. So he's wondering, should I"}, {"end": "00:07:25", "start": "00:07:19", "text": "play more cards? Should I hold more? And"}, {"end": "00:07:27", "start": "00:07:22", "text": "he has five cards in his hand. And I"}, {"end": "00:07:29", "start": "00:07:25", "text": "still have six. So that's the"}, {"end": "00:07:31", "start": "00:07:27", "text": "calculation that he must do on whether"}, {"end": "00:07:34", "start": "00:07:29", "text": "I'm able to beat him with my current"}, {"end": "00:07:35", "start": "00:07:31", "text": "hand or not. This is the that makes the"}, {"end": "00:07:37", "start": "00:07:34", "text": "game super fun and strategic."}, {"end": "00:07:38", "start": "00:07:35", "text": "And there are some cards that he can"}, {"end": "00:07:40", "start": "00:07:37", "text": "play and he can he could just be like"}, {"end": "00:07:41", "start": "00:07:38", "text": "kind of roping me in to be like he wants"}, {"end": "00:07:43", "start": "00:07:40", "text": "to see if I'm going to fill out this"}, {"end": "00:07:45", "start": "00:07:41", "text": "cataclysm zone, the red zone right here."}, {"end": "00:07:47", "start": "00:07:43", "text": "And then he might have a card that can"}, {"end": "00:07:49", "start": "00:07:45", "text": "then counter all my ships. Uh you know,"}, {"end": "00:07:51", "start": "00:07:47", "text": "bringing them back down to almost"}, {"end": "00:07:52", "start": "00:07:49", "text": "nothing, you know, like so I have to be"}, {"end": "00:07:54", "start": "00:07:51", "text": "really really careful. And that's why"}, {"end": "00:07:56", "start": "00:07:52", "text": "it's it's kind of cool, you know, good"}, {"end": "00:07:58", "start": "00:07:54", "text": "if you have some um different cards you"}, {"end": "00:07:59", "start": "00:07:56", "text": "can play in different parts of the game"}, {"end": "00:08:02", "start": "00:07:58", "text": "board right here and you know, different"}, {"end": "00:08:04", "start": "00:07:59", "text": "zones, which um"}, {"end": "00:08:07", "start": "00:08:02", "text": "some would say that some of the players"}, {"end": "00:08:07", "start": "00:08:04", "text": "here are not that lucky."}, {"end": "00:08:12", "start": "00:08:08", "text": "All right, so I I again I got extra"}, {"end": "00:08:14", "start": "00:08:10", "text": "points because these are are medium"}, {"end": "00:08:15", "start": "00:08:12", "text": "ships or small ships, I'm sorry. And uh"}, {"end": "00:08:17", "start": "00:08:14", "text": "I have this one right here, the Visus"}, {"end": "00:08:20", "start": "00:08:15", "text": "Ballad, that keeps on giving me an extra"}, {"end": "00:08:21", "start": "00:08:17", "text": "plus one to everything. This is a cool"}, {"end": "00:08:23", "start": "00:08:20", "text": "card that Jose just played. The claim"}, {"end": "00:08:26", "start": "00:08:21", "text": "stake right here. Every single turn, he"}, {"end": "00:08:28", "start": "00:08:23", "text": "gets an extra point on the board."}, {"end": "00:08:29", "start": "00:08:26", "text": "Right now, I am definitely passing"}, {"end": "00:08:32", "start": "00:08:28", "text": "because I have such a big lead. And"}, {"end": "00:08:33", "start": "00:08:29", "text": "we'll see what happens here."}, {"end": "00:08:38", "start": "00:08:32", "text": "You just saw right there, Jose got that"}, {"end": "00:08:38", "start": "00:08:33", "text": "extra uh point from the claim steak."}, {"end": "00:08:51", "start": "00:08:45", "text": "Should I win this round or not? Oh, big"}, {"end": "00:08:53", "start": "00:08:48", "text": "words."}, {"end": "00:08:56", "start": "00:08:51", "text": "Yeah, I'll explain to you guys uh my"}, {"end": "00:09:00", "start": "00:08:53", "text": "reasoning now. He has really committed a"}, {"end": "00:09:02", "start": "00:08:56", "text": "lot of fighter ships. And for example,"}, {"end": "00:09:04", "start": "00:09:00", "text": "this is this is actually a hard play for"}, {"end": "00:09:07", "start": "00:09:02", "text": "for him like he's going to win unless I"}, {"end": "00:09:10", "start": "00:09:04", "text": "start uh putting a lot of items in the"}, {"end": "00:09:13", "start": "00:09:07", "text": "board. Or I can play a card like R the"}, {"end": "00:09:16", "start": "00:09:10", "text": "Fly, which cleanses one of the areas of"}, {"end": "00:09:19", "start": "00:09:13", "text": "the board. Like I could kill all his"}, {"end": "00:09:23", "start": "00:09:16", "text": "fighter ships with a single card if I"}, {"end": "00:09:25", "start": "00:09:19", "text": "had it in my hand right now."}, {"end": "00:09:26", "start": "00:09:23", "text": "Is he going to do it? I think you should"}, {"end": "00:09:28", "start": "00:09:25", "text": "do it. I I think you should show the"}, {"end": "00:09:30", "start": "00:09:26", "text": "audience, you know, the might the might"}, {"end": "00:09:31", "start": "00:09:28", "text": "of Noot if you have that card in your"}, {"end": "00:09:35", "start": "00:09:30", "text": "hand. But it's up to you, man. Oh,"}, {"end": "00:09:35", "start": "00:09:31", "text": "opponent passes."}, {"end": "00:09:40", "start": "00:09:35", "text": "You You're working hard for your points"}, {"end": "00:09:42", "start": "00:09:37", "text": "here. You deserve it."}, {"end": "00:09:43", "start": "00:09:40", "text": "See, that is my problem. Um, no matter"}, {"end": "00:09:46", "start": "00:09:42", "text": "how many cards I draw, I keep on getting"}, {"end": "00:09:47", "start": "00:09:43", "text": "combat, you know, cards. And it's, uh, I"}, {"end": "00:09:51", "start": "00:09:46", "text": "have not had a lot of luck drawing any"}, {"end": "00:09:53", "start": "00:09:47", "text": "others. So, um, I'm not sure where that"}, {"end": "00:09:55", "start": "00:09:51", "text": "card goes. So, I'm going to discard"}, {"end": "00:09:58", "start": "00:09:53", "text": "that. Or what that actually does. Oh, I"}, {"end": "00:10:00", "start": "00:09:55", "text": "didn't even mean to do that, but it's"}, {"end": "00:10:03", "start": "00:09:58", "text": "okay. I like my cards."}, {"end": "00:10:05", "start": "00:10:00", "text": "I actually just hit I'm done by accident"}, {"end": "00:10:09", "start": "00:10:03", "text": "with only discarding one card, but it's"}, {"end": "00:10:09", "start": "00:10:05", "text": "all right cuz I like my cards."}, {"end": "00:10:21", "start": "00:10:17", "text": "So that's a cool one. So"}, {"end": "00:10:25", "start": "00:10:19", "text": "says deploy opponents skim one power"}, {"end": "00:10:27", "start": "00:10:21", "text": "from any industrial structure per turn."}, {"end": "00:10:29", "start": "00:10:25", "text": "Yeah, that's basically cancels my claim"}, {"end": "00:10:30", "start": "00:10:27", "text": "stake."}, {"end": "00:10:32", "start": "00:10:29", "text": "Although I didn't get a point on the"}, {"end": "00:10:34", "start": "00:10:30", "text": "board yet. So we'll see."}, {"end": "00:10:37", "start": "00:10:32", "text": "Oh, there it is. So we just saw that I"}, {"end": "00:10:38", "start": "00:10:34", "text": "got that one point. So that is a rainbow"}, {"end": "00:10:40", "start": "00:10:37", "text": "m a medium ship. So, that doesn't have"}, {"end": "00:10:42", "start": "00:10:38", "text": "any special powers. It doesn't look"}, {"end": "00:10:45", "start": "00:10:40", "text": "like, which I'm surprised. It's a"}, {"end": "00:10:48", "start": "00:10:42", "text": "rainbow. Those are some pretty special"}, {"end": "00:10:49", "start": "00:10:45", "text": "ships, man."}, {"end": "00:10:52", "start": "00:10:48", "text": "All right. And I am going to continue"}, {"end": "00:10:55", "start": "00:10:49", "text": "with some industrial zone goodness right"}, {"end": "00:10:58", "start": "00:10:52", "text": "here. The Atmo Harvester."}, {"end": "00:11:00", "start": "00:10:55", "text": "This gets two points per turn. Very"}, {"end": "00:11:01", "start": "00:10:58", "text": "similar to the claim stake. It's the"}, {"end": "00:11:04", "start": "00:11:00", "text": "first time I've ever had that card,"}, {"end": "00:11:04", "start": "00:11:01", "text": "actually."}, {"end": "00:11:16", "start": "00:11:10", "text": "Oo,"}, {"end": "00:11:21", "start": "00:11:12", "text": "big old points right there."}, {"end": "00:11:21", "start": "00:11:16", "text": "Plus one power to your immediate life."}, {"end": "00:11:34", "start": "00:11:29", "text": "I didn't have any more in my reserve, so"}, {"end": "00:11:38", "start": "00:11:31", "text": "it was just a single"}, {"end": "00:11:38", "start": "00:11:34", "text": "single ship there."}, {"end": "00:11:53", "start": "00:11:50", "text": "[Music]"}, {"end": "00:11:59", "start": "00:11:54", "text": "I'm nervous with what uh what Jose's got"}, {"end": "00:11:59", "start": "00:11:56", "text": "up his sleeve."}, {"end": "00:12:06", "start": "00:12:00", "text": "They probably hear me breathing like"}, {"end": "00:12:06", "start": "00:12:02", "text": "breathing hard on the mic right now."}, {"end": "00:12:15", "start": "00:12:07", "text": "He's got four cards to my two."}, {"end": "00:12:21", "start": "00:12:10", "text": "Sammy Banks versus Sammy Banks."}, {"end": "00:12:21", "start": "00:12:15", "text": "All right. You may like this one."}, {"end": "00:12:25", "start": "00:12:21", "text": "Bam."}, {"end": "00:12:27", "start": "00:12:24", "text": "Oh, I thought that's the one. Oh, that's"}, {"end": "00:12:28", "start": "00:12:25", "text": "not the right one. which is the one that"}, {"end": "00:12:31", "start": "00:12:27", "text": "you play that actually brought all my"}, {"end": "00:12:35", "start": "00:12:28", "text": "cards down to one. Um the asteroid just"}, {"end": "00:12:35", "start": "00:12:31", "text": "actually takes up a spot."}, {"end": "00:12:41", "start": "00:12:35", "text": "[Music]"}, {"end": "00:12:41", "start": "00:12:37", "text": "I'm getting slaughtered."}, {"end": "00:12:54", "start": "00:12:49", "text": "I don't I can't do anything. I lost this"}, {"end": "00:12:56", "start": "00:12:51", "text": "round."}, {"end": "00:12:58", "start": "00:12:54", "text": "It was a really good round."}, {"end": "00:13:02", "start": "00:12:56", "text": "[Laughter]"}, {"end": "00:13:05", "start": "00:12:58", "text": "33 to 25. I love how it says imagine"}, {"end": "00:13:08", "start": "00:13:02", "text": "some super cool animation right there."}, {"end": "00:13:08", "start": "00:13:05", "text": "All right."}, {"end": "00:13:24", "start": "00:13:20", "text": "So, this is it guys. There's only three"}, {"end": "00:13:27", "start": "00:13:21", "text": "rounds and correct, right? Yeah, there's"}, {"end": "00:13:30", "start": "00:13:24", "text": "only three rounds and uh so it's"}, {"end": "00:13:34", "start": "00:13:27", "text": "this is for the entire game. Who is"}, {"end": "00:13:34", "start": "00:13:30", "text": "going to reign supreme right here?"}, {"end": "00:13:45", "start": "00:13:39", "text": "I am going to I'm crushing those just"}, {"end": "00:13:47", "start": "00:13:41", "text": "cuz I couldn't get rid of that card."}, {"end": "00:13:49", "start": "00:13:45", "text": "Man, that was that was good for me what"}, {"end": "00:13:50", "start": "00:13:47", "text": "you did right now"}, {"end": "00:13:52", "start": "00:13:49", "text": "cuz I was getting two point or three"}, {"end": "00:13:57", "start": "00:13:50", "text": "point. Right. I was getting two points."}, {"end": "00:13:59", "start": "00:13:52", "text": "Yeah, exactly. Ah, see I am not"}, {"end": "00:14:03", "start": "00:13:57", "text": "thinking properly here."}, {"end": "00:14:03", "start": "00:13:59", "text": "Oh, that's a really good one."}, {"end": "00:14:24", "start": "00:14:20", "text": "Going for points on the board here."}, {"end": "00:14:37", "start": "00:14:33", "text": "My last card, guys."}, {"end": "00:14:42", "start": "00:14:37", "text": "Sheesh."}, {"end": "00:14:44", "start": "00:14:38", "text": "15 to two."}, {"end": "00:14:49", "start": "00:14:42", "text": "Oh, this is a cool card. So, that's a"}, {"end": "00:14:49", "start": "00:14:44", "text": "hero card, right? That"}, {"end": "00:14:58", "start": "00:14:54", "text": "I'm nervous, Jose. I'm nervous."}, {"end": "00:15:09", "start": "00:15:05", "text": "Congrats, man."}, {"end": "00:15:10", "start": "00:15:07", "text": "Yeah,"}, {"end": "00:15:12", "start": "00:15:09", "text": "victory."}, {"end": "00:15:14", "start": "00:15:10", "text": "It was a good one."}, {"end": "00:15:17", "start": "00:15:12", "text": "Apparently, I chose the uh the correct"}, {"end": "00:15:18", "start": "00:15:14", "text": "one to botch my recording with. So, like"}, {"end": "00:15:21", "start": "00:15:17", "text": "I said before, just I just had we"}, {"end": "00:15:23", "start": "00:15:18", "text": "actually played a game. He he smoked me."}, {"end": "00:15:24", "start": "00:15:21", "text": "He killed me and for for whatever I"}, {"end": "00:15:26", "start": "00:15:23", "text": "screwed up my recording and the game"}, {"end": "00:15:27", "start": "00:15:24", "text": "didn't, you know, I didn't get the"}, {"end": "00:15:29", "start": "00:15:26", "text": "recording of it and uh so we had to play"}, {"end": "00:15:31", "start": "00:15:27", "text": "one more time."}, {"end": "00:15:34", "start": "00:15:29", "text": "N you won fair and square this one."}, {"end": "00:15:36", "start": "00:15:31", "text": "Congratulations, man. Well played,"}, {"end": "00:15:38", "start": "00:15:34", "text": "man. Thank you so much for doing this uh"}, {"end": "00:15:39", "start": "00:15:36", "text": "with me, man. Thank you so much, Aphia."}, {"end": "00:15:42", "start": "00:15:38", "text": "You know, Funcracker reaching out uh"}, {"end": "00:15:44", "start": "00:15:39", "text": "getting us together. Um and"}, {"end": "00:15:46", "start": "00:15:42", "text": "congratulations, Aphia, on four years of"}, {"end": "00:15:47", "start": "00:15:44", "text": "being a guild. super strong. Um,"}, {"end": "00:15:49", "start": "00:15:46", "text": "everything that APA does with the"}, {"end": "00:15:52", "start": "00:15:47", "text": "community, you know, for the community,"}, {"end": "00:15:55", "start": "00:15:49", "text": "um, is amazing. So, you know, much love"}, {"end": "00:15:58", "start": "00:15:52", "text": "to them. Um, what do you say, Jose?"}, {"end": "00:16:00", "start": "00:15:55", "text": "Yeah. No, man. The game is magnific. I"}, {"end": "00:16:03", "start": "00:15:58", "text": "had a lot of fun playing it, testing it."}, {"end": "00:16:05", "start": "00:16:00", "text": "You guys will see how strategic it is by"}, {"end": "00:16:08", "start": "00:16:03", "text": "playing. I can't wait until this become"}, {"end": "00:16:10", "start": "00:16:05", "text": "public dominion. Congratulations if"}, {"end": "00:16:11", "start": "00:16:08", "text": "everyone involved in the cataclysm and"}, {"end": "00:16:13", "start": "00:16:10", "text": "everything that you guys have been"}, {"end": "00:16:16", "start": "00:16:11", "text": "cooking. I'm super proud of the work"}, {"end": "00:16:18", "start": "00:16:13", "text": "here and yeah man, congrats. It's a"}, {"end": "00:16:21", "start": "00:16:16", "text": "great game. Super exciting, super fun,"}, {"end": "00:16:24", "start": "00:16:18", "text": "super strategic. We had a blast playing"}, {"end": "00:16:26", "start": "00:16:21", "text": "and I uh I have to say, you know, I I"}, {"end": "00:16:28", "start": "00:16:24", "text": "already told you uh in in the botch"}, {"end": "00:16:30", "start": "00:16:26", "text": "recording, but man, I love all the lore"}, {"end": "00:16:31", "start": "00:16:28", "text": "that you have been putting out,"}, {"end": "00:16:33", "start": "00:16:30", "text": "everything that is just it's, you know,"}, {"end": "00:16:36", "start": "00:16:31", "text": "stuff has been coming at us so much"}, {"end": "00:16:38", "start": "00:16:33", "text": "faster this past year. And um you know,"}, {"end": "00:16:39", "start": "00:16:36", "text": "I'm a huge fan of actually, you know,"}, {"end": "00:16:41", "start": "00:16:38", "text": "the story behind the story of what's"}, {"end": "00:16:43", "start": "00:16:39", "text": "going on in Star Atlas. So, uh, without"}, {"end": "00:16:44", "start": "00:16:41", "text": "the lore, I feel like, you know, the"}, {"end": "00:16:46", "start": "00:16:43", "text": "game is just an empty shell. So, thank"}, {"end": "00:16:49", "start": "00:16:44", "text": "you for everything that you do, man. I"}, {"end": "00:16:51", "start": "00:16:46", "text": "love it. Absolutely phenomenal stuff."}, {"end": "00:16:54", "start": "00:16:49", "text": "Thank you and all your work you do for"}, {"end": "00:16:56", "start": "00:16:51", "text": "Star Atlas, for this community, for this"}, {"end": "00:16:59", "start": "00:16:54", "text": "franchise. You You have been hawking"}, {"end": "00:17:01", "start": "00:16:56", "text": "you, your son, and we couldn't be more"}, {"end": "00:17:03", "start": "00:16:59", "text": "happy to have someone so dedicated to"}, {"end": "00:17:06", "start": "00:17:01", "text": "expanding Stratos and creating content."}, {"end": "00:17:08", "start": "00:17:03", "text": "It's a pleasure to be here and I'm very"}, {"end": "00:17:10", "start": "00:17:06", "text": "glad I got to play with you here even"}, {"end": "00:17:13", "start": "00:17:08", "text": "though I lost this last round, but it is"}, {"end": "00:17:13", "start": "00:17:10", "text": "what it is,"}, {"end": "00:17:20", "start": "00:17:14", "text": "man. Yeah. So, guys, man, um we're all"}, {"end": "00:17:22", "start": "00:17:17", "text": "excited um for what's coming up in Star"}, {"end": "00:17:24", "start": "00:17:20", "text": "Atlas Summer. So, everyone hang tight."}, {"end": "00:17:26", "start": "00:17:22", "text": "I'm sure that there is going to be so"}, {"end": "00:17:27", "start": "00:17:24", "text": "many awesome, you know, like things and"}, {"end": "00:17:29", "start": "00:17:26", "text": "events and stuff like that that we're"}, {"end": "00:17:31", "start": "00:17:27", "text": "going to be recording in the future. I"}, {"end": "00:17:32", "start": "00:17:29", "text": "can't wait. I don't know anything. I"}, {"end": "00:17:34", "start": "00:17:31", "text": "couldn't get anything out of Jose yet."}, {"end": "00:17:35", "start": "00:17:32", "text": "So, I have to wait with you guys, but uh"}, {"end": "00:17:37", "start": "00:17:34", "text": "you know, from what he told me, we're"}, {"end": "00:17:39", "start": "00:17:35", "text": "going to be pretty excited, right?"}, {"end": "00:17:41", "start": "00:17:37", "text": "Absolutely. It's going to be a lot of"}, {"end": "00:17:43", "start": "00:17:39", "text": "fun. Make sure to be here and be with us"}, {"end": "00:17:45", "start": "00:17:41", "text": "during the community carnival. Get some"}, {"end": "00:17:47", "start": "00:17:43", "text": "prizes. Come have fun with us. Play lots"}, {"end": "00:17:48", "start": "00:17:45", "text": "of games. It's going to be super"}, {"end": "00:17:50", "start": "00:17:47", "text": "exciting."}, {"end": "00:17:51", "start": "00:17:48", "text": "Awesome, man. Get some rest and I know"}, {"end": "00:17:53", "start": "00:17:50", "text": "you have a lot of work ahead of you"}, {"end": "00:17:55", "start": "00:17:51", "text": "before Star Atlas summer begins. So,"}, {"end": "00:17:57", "start": "00:17:53", "text": "guys, thank you so much for watching."}, {"end": "00:17:58", "start": "00:17:55", "text": "Love you all. Congratulations, APIA."}, {"end": "00:18:00", "start": "00:17:57", "text": "Thank you, Jose. We'll talk to you"}, {"end": "00:18:02", "start": "00:17:58", "text": "later."}, {"end": "00:18:04", "start": "00:18:00", "text": "Thank you, everyone. See you around."}, {"end": "00:18:05", "start": "00:18:02", "text": "And guys, uh I just want to end this"}, {"end": "00:18:08", "start": "00:18:04", "text": "video and say, man, if you are"}, {"end": "00:18:10", "start": "00:18:05", "text": "interested in the Aphia Guild, um I have"}, {"end": "00:18:11", "start": "00:18:08", "text": "no affiliation. I do not belong to any"}, {"end": "00:18:14", "start": "00:18:10", "text": "guilds, but this is one of the best out"}, {"end": "00:18:17", "start": "00:18:11", "text": "there. And you can find them on um X"}, {"end": "00:18:18", "start": "00:18:14", "text": "right here. It is AIA. That's it. AIA."}, {"end": "00:18:20", "start": "00:18:17", "text": "You can find them on X. You can join"}, {"end": "00:18:22", "start": "00:18:18", "text": "their Discord, ask questions if you are"}, {"end": "00:18:23", "start": "00:18:20", "text": "looking for a guild. Um they they do so"}, {"end": "00:18:25", "start": "00:18:22", "text": "many great things for the community. I"}, {"end": "00:18:26", "start": "00:18:23", "text": "mentioned before um like look at this."}, {"end": "00:18:28", "start": "00:18:25", "text": "They put out this amazing holo sim game,"}, {"end": "00:18:29", "start": "00:18:26", "text": "one of the browser based games for Star"}, {"end": "00:18:31", "start": "00:18:28", "text": "Atlas, and they put out a weekly"}, {"end": "00:18:33", "start": "00:18:29", "text": "newsletter uh written by Funcracker. Um"}, {"end": "00:18:35", "start": "00:18:31", "text": "that's just chalk full of information, a"}, {"end": "00:18:36", "start": "00:18:33", "text": "lot of stuff that you might miss if you"}, {"end": "00:18:40", "start": "00:18:35", "text": "are like me and not on Discord all the"}, {"end": "00:18:42", "start": "00:18:36", "text": "time. Um it is uh you know, it's a great"}, {"end": "00:18:43", "start": "00:18:40", "text": "guild and they they're just a pillar of"}, {"end": "00:18:45", "start": "00:18:42", "text": "the community. So, I just want to throw"}, {"end": "00:18:47", "start": "00:18:43", "text": "that out there at the end of the video."}, {"end": "00:18:50", "start": "00:18:45", "text": "Um yeah, love you guys all. I'll talk to"}, {"end": "00:18:50", "start": "00:18:47", "text": "you later. Bye."}, {"end": "00:18:54", "start": "00:18:51", "text": "Heat. Heat."}]

[{"end": "00:00:05", "start": "00:00:00", "text": "Yo, what's up, captains and cadets? It's"}, {"end": "00:00:07", "start": "00:00:02", "text": "episode two of the whole entire Holo Sim"}, {"end": "00:00:08", "start": "00:00:05", "text": "storyline playthrough. I'm recording"}, {"end": "00:00:10", "start": "00:00:07", "text": "everything. I'm reading all the lore"}, {"end": "00:00:11", "start": "00:00:08", "text": "because I don't want, you know, this to,"}, {"end": "00:00:13", "start": "00:00:10", "text": "you know, disappear forever. I want this"}, {"end": "00:00:15", "start": "00:00:11", "text": "to be, you know, recorded for posterity"}, {"end": "00:00:16", "start": "00:00:13", "text": "sake. Um, so you're welcome to skip"}, {"end": "00:00:18", "start": "00:00:15", "text": "through the lore if you want and just"}, {"end": "00:00:19", "start": "00:00:16", "text": "watch the, you know, gameplay, but, you"}, {"end": "00:00:21", "start": "00:00:18", "text": "know, I really think the lore is awesome"}, {"end": "00:00:22", "start": "00:00:19", "text": "and I think it's, you know, totally"}, {"end": "00:00:24", "start": "00:00:21", "text": "worth a listen, you know. So, you know,"}, {"end": "00:00:25", "start": "00:00:22", "text": "sit back, do something on your computer,"}, {"end": "00:00:27", "start": "00:00:24", "text": "have this playing in the background,"}, {"end": "00:00:31", "start": "00:00:25", "text": "really, you know, check it out and"}, {"end": "00:00:31", "start": "00:00:27", "text": "absorb everything. Enjoy, man."}, {"end": "00:00:47", "start": "00:00:43", "text": "Yo, what's up muds, Onies, and anyone"}, {"end": "00:00:49", "start": "00:00:45", "text": "that is new to Star Atlas. This is my"}, {"end": "00:00:51", "start": "00:00:47", "text": "fourth Holo Sim video. I did two"}, {"end": "00:00:54", "start": "00:00:49", "text": "tutorial videos, but this is my second"}, {"end": "00:00:57", "start": "00:00:51", "text": "playthrough of the story line. And the"}, {"end": "00:01:00", "start": "00:00:54", "text": "last that we played, we did a mission"}, {"end": "00:01:03", "start": "00:00:57", "text": "where we dropped two crew members off in"}, {"end": "00:01:06", "start": "00:01:00", "text": "the medium risk zone. So now we are on"}, {"end": "00:01:08", "start": "00:01:03", "text": "the next quest, and it is making new"}, {"end": "00:01:11", "start": "00:01:06", "text": "friends. Let's check out what Sage has"}, {"end": "00:01:13", "start": "00:01:08", "text": "to say to us for this one."}, {"end": "00:01:14", "start": "00:01:11", "text": ">> The metal door groaned as it opened,"}, {"end": "00:01:16", "start": "00:01:13", "text": "revealing a dimly lit chamber deep"}, {"end": "00:01:18", "start": "00:01:14", "text": "within the Starbase's restricted wing."}, {"end": "00:01:20", "start": "00:01:16", "text": "You and your two crew step in, boots"}, {"end": "00:01:23", "start": "00:01:18", "text": "echoing against steel floors, polished"}, {"end": "00:01:25", "start": "00:01:20", "text": "by routine, not vanity. The air is"}, {"end": "00:01:27", "start": "00:01:23", "text": "cooler here, heavier somehow, as if the"}, {"end": "00:01:30", "start": "00:01:25", "text": "room itself was holding its breath. At"}, {"end": "00:01:31", "start": "00:01:27", "text": "the center stands a blue-eyed man, tall,"}, {"end": "00:01:33", "start": "00:01:30", "text": "broad-shouldered, wrapped in a coat"}, {"end": "00:01:35", "start": "00:01:31", "text": "bearing the stylized sigil of Fimble"}, {"end": "00:01:38", "start": "00:01:33", "text": "Industries. His face is weathered,"}, {"end": "00:01:39", "start": "00:01:35", "text": "stern, but not unkind, with strands of"}, {"end": "00:01:41", "start": "00:01:38", "text": "silver streaking his otherwise dark"}, {"end": "00:01:43", "start": "00:01:39", "text": "hair. His eyes lock onto you the moment"}, {"end": "00:01:45", "start": "00:01:41", "text": "you cross the threshold. I wasn't sure"}, {"end": "00:01:47", "start": "00:01:43", "text": "you'd come, he said plainly. He studies"}, {"end": "00:01:51", "start": "00:01:45", "text": "you for a moment longer, then nods"}, {"end": "00:01:54", "start": "00:01:47", "text": "toward a table. But you did and with"}, {"end": "00:01:56", "start": "00:01:51", "text": "backup. Smart. You follow his gesture"}, {"end": "00:01:57", "start": "00:01:54", "text": "and sit. He remains standing for a beat,"}, {"end": "00:02:00", "start": "00:01:56", "text": "measuring you like a commander before a"}, {"end": "00:02:02", "start": "00:01:57", "text": "decisive campaign. My name is Verton. I"}, {"end": "00:02:04", "start": "00:02:00", "text": "lead Fimble Industries now. And we build"}, {"end": "00:02:06", "start": "00:02:02", "text": "ships so the people out there wouldn't"}, {"end": "00:02:08", "start": "00:02:04", "text": "have to beg the core worlds for"}, {"end": "00:02:09", "start": "00:02:06", "text": "protection. He finally takes his seat"}, {"end": "00:02:11", "start": "00:02:08", "text": "across from you. A faint trace of"}, {"end": "00:02:13", "start": "00:02:09", "text": "admiration creeps into his voice. I saw"}, {"end": "00:02:15", "start": "00:02:11", "text": "what you did. That supply run to the"}, {"end": "00:02:18", "start": "00:02:13", "text": "outer stations. You didn't have to do"}, {"end": "00:02:20", "start": "00:02:15", "text": "it. And yet you did. That caught my"}, {"end": "00:02:22", "start": "00:02:18", "text": "attention. You say nothing, but your"}, {"end": "00:02:24", "start": "00:02:20", "text": "silence speaks for you. The man across"}, {"end": "00:02:27", "start": "00:02:22", "text": "the table isn't here to flatter. He"}, {"end": "00:02:29", "start": "00:02:24", "text": "shifts, producing a handheld device from"}, {"end": "00:02:31", "start": "00:02:27", "text": "his coat. With a flick of his thumb, a"}, {"end": "00:02:34", "start": "00:02:29", "text": "hollow projection flares to life between"}, {"end": "00:02:36", "start": "00:02:31", "text": "you and roots and manifests. Nodes"}, {"end": "00:02:39", "start": "00:02:34", "text": "blinking red. These stations are on the"}, {"end": "00:02:41", "start": "00:02:36", "text": "brink. He continues, \"We're trying to"}, {"end": "00:02:42", "start": "00:02:39", "text": "reinforce local governments. Give them"}, {"end": "00:02:44", "start": "00:02:41", "text": "what they need to stand, but we're short"}, {"end": "00:02:46", "start": "00:02:42", "text": "on structure. What we need are"}, {"end": "00:02:49", "start": "00:02:44", "text": "frameworks. Simple, sturdy, ready to"}, {"end": "00:02:50", "start": "00:02:46", "text": "deploy. He meets your gaze. I want to"}, {"end": "00:02:52", "start": "00:02:49", "text": "believe you're more than just another"}, {"end": "00:02:55", "start": "00:02:50", "text": "warh hardened freelancer chasing"}, {"end": "00:02:57", "start": "00:02:52", "text": "contracts. But belief comes after proof."}, {"end": "00:03:00", "start": "00:02:55", "text": "The words settle, weighty, and"}, {"end": "00:03:02", "start": "00:02:57", "text": "deliberate. Deliver 225 frameworks."}, {"end": "00:03:04", "start": "00:03:00", "text": "That's what we need. Show me you can"}, {"end": "00:03:06", "start": "00:03:02", "text": "move weight, coordinate logistics, do"}, {"end": "00:03:08", "start": "00:03:04", "text": "more than fire weapons and mine rocks."}, {"end": "00:03:10", "start": "00:03:06", "text": "Show me I can trust you. Then I'll show"}, {"end": "00:03:13", "start": "00:03:08", "text": "you you can trust me. The air between"}, {"end": "00:03:15", "start": "00:03:10", "text": "you sharpens with tension. You catch a"}, {"end": "00:03:17", "start": "00:03:13", "text": "flicker of concern in your crews eyes"}, {"end": "00:03:20", "start": "00:03:15", "text": "and in your ear. Sage's voice crackles"}, {"end": "00:03:22", "start": "00:03:17", "text": "through the calm, low and skeptical."}, {"end": "00:03:24", "start": "00:03:20", "text": "This feels off. Who tracks us across"}, {"end": "00:03:27", "start": "00:03:22", "text": "sectors, then hands out trust tests like"}, {"end": "00:03:29", "start": "00:03:24", "text": "this. I don't like it, Captain. And I"}, {"end": "00:03:31", "start": "00:03:27", "text": "don't trust him. You don't respond to"}, {"end": "00:03:34", "start": "00:03:29", "text": "her. Not yet. The man across from you"}, {"end": "00:03:37", "start": "00:03:31", "text": "waits calm and steady. So you give him a"}, {"end": "00:03:39", "start": "00:03:34", "text": "slow nod. If that's the cost of trust,"}, {"end": "00:03:41", "start": "00:03:37", "text": "you say. Then I'll pay it. Furton,"}, {"end": "00:03:43", "start": "00:03:39", "text": "though he never told you his name again,"}, {"end": "00:03:46", "start": "00:03:41", "text": "smiles faintly, then leans back in his"}, {"end": "00:03:47", "start": "00:03:43", "text": "chair. Good. I hoped you'd say that. He"}, {"end": "00:03:49", "start": "00:03:46", "text": "slides the data pad across the table"}, {"end": "00:03:52", "start": "00:03:47", "text": "toward you. Deliver them to our forward"}, {"end": "00:03:55", "start": "00:03:49", "text": "depot in the nearby medium zone. My"}, {"end": "00:03:57", "start": "00:03:52", "text": "people will be watching. As you rise,"}, {"end": "00:04:00", "start": "00:03:55", "text": "turning back toward the hall. Sage's"}, {"end": "00:04:02", "start": "00:03:57", "text": "voice returns dry and resigned. You"}, {"end": "00:04:05", "start": "00:04:00", "text": "always make things harder for yourself,"}, {"end": "00:04:07", "start": "00:04:02", "text": "don't you? You grin as you walk. Only"}, {"end": "00:04:10", "start": "00:04:05", "text": "when it's worth it."}, {"end": "00:04:12", "start": "00:04:07", "text": ">> All right. So, thank you so much, space"}, {"end": "00:04:14", "start": "00:04:10", "text": "girl friend. And my next line of work is"}, {"end": "00:04:16", "start": "00:04:12", "text": "to craft framework. So, how much do I"}, {"end": "00:04:19", "start": "00:04:14", "text": "got to do? 2025."}, {"end": "00:04:21", "start": "00:04:16", "text": "Um hopefully I have enough iron to do"}, {"end": "00:04:24", "start": "00:04:19", "text": "that. If not, I have to craft iron ore"}, {"end": "00:04:26", "start": "00:04:21", "text": "into framework. So, let's check it out."}, {"end": "00:04:31", "start": "00:04:24", "text": "Um I have a current job that's all done."}, {"end": "00:04:33", "start": "00:04:26", "text": "We'll collect that ammo. Craft workshop"}, {"end": "00:04:36", "start": "00:04:31", "text": "framework."}, {"end": "00:04:40", "start": "00:04:33", "text": "All right. 2,25."}, {"end": "00:04:42", "start": "00:04:36", "text": "Looks like I am good to go. What do I"}, {"end": "00:04:47", "start": "00:04:40", "text": "got? 216"}, {"end": "00:04:49", "start": "00:04:42", "text": "dudes. 20 seconds. Nice. All right, so"}, {"end": "00:04:52", "start": "00:04:47", "text": "we will collect that and let's see if"}, {"end": "00:04:54", "start": "00:04:49", "text": "that worked. It looks like it did. So,"}, {"end": "00:04:58", "start": "00:04:52", "text": "let's go back to our mission. Claim our"}, {"end": "00:05:01", "start": "00:04:54", "text": "reward. 105,000 XP. All right. So, I'm"}, {"end": "00:05:02", "start": "00:04:58", "text": "level 19 and global rank 196. And I"}, {"end": "00:05:05", "start": "00:05:01", "text": "notice sometimes you have to actually"}, {"end": "00:05:06", "start": "00:05:02", "text": "kind of do a re um reset on your browser"}, {"end": "00:05:08", "start": "00:05:05", "text": "page for your uh global rank to go up."}, {"end": "00:05:10", "start": "00:05:06", "text": "So, um as we do it, if you don't see it"}, {"end": "00:05:12", "start": "00:05:08", "text": "go up, that could be why. Um but at"}, {"end": "00:05:15", "start": "00:05:10", "text": "least I'm in the top 200. I'm excited"}, {"end": "00:05:18", "start": "00:05:12", "text": "about that. Um, our next one. Let's see"}, {"end": "00:05:19", "start": "00:05:15", "text": "what this is all about. Craft 540"}, {"end": "00:05:22", "start": "00:05:18", "text": "electronics. Here we go. What's the"}, {"end": "00:05:24", "start": "00:05:19", "text": "story line? Oh, do we? Oh, we can't"}, {"end": "00:05:25", "start": "00:05:22", "text": "listen to this one. All right, I'll"}, {"end": "00:05:27", "start": "00:05:24", "text": "blast through it. I'll read it myself."}, {"end": "00:05:30", "start": "00:05:25", "text": "It says, \"The last creative framework"}, {"end": "00:05:32", "start": "00:05:27", "text": "slides into place, blocking with a quiet"}, {"end": "00:05:34", "start": "00:05:30", "text": "click. You lean back, waiting for the"}, {"end": "00:05:36", "start": "00:05:32", "text": "familiar chime of mission success, but"}, {"end": "00:05:39", "start": "00:05:34", "text": "the hanger remains quiet. Too quiet.\""}, {"end": "00:05:41", "start": "00:05:36", "text": "Just as you you are starting to wonder,"}, {"end": "00:05:44", "start": "00:05:39", "text": "a message flickers into view. It's from"}, {"end": "00:05:45", "start": "00:05:41", "text": "Verton. He writes, \"Captain, I asked I"}, {"end": "00:05:48", "start": "00:05:44", "text": "ask you I ask that you hold the"}, {"end": "00:05:50", "start": "00:05:45", "text": "frameworks for now. We're working on the"}, {"end": "00:05:52", "start": "00:05:48", "text": "logistics. Compensation will follow."}, {"end": "00:05:54", "start": "00:05:50", "text": "You'll receive a payment to cover your"}, {"end": "00:05:55", "start": "00:05:52", "text": "efforts. You check the amount. It barely"}, {"end": "00:05:58", "start": "00:05:54", "text": "scrapes above the minimum production"}, {"end": "00:06:01", "start": "00:05:55", "text": "cost.\" Sage immediately speaks up, her"}, {"end": "00:06:05", "start": "00:05:58", "text": "tone clipped. So, he wants to use you as"}, {"end": "00:06:07", "start": "00:06:01", "text": "a warehouse and and toss you a token for"}, {"end": "00:06:10", "start": "00:06:05", "text": "your troubles. Helping people is noble,"}, {"end": "00:06:13", "start": "00:06:07", "text": "Captain. But running a charity mid"}, {"end": "00:06:15", "start": "00:06:10", "text": "scenario, that's just not efficient."}, {"end": "00:06:17", "start": "00:06:13", "text": "It's reckless. You exhale slowly. Eyes"}, {"end": "00:06:20", "start": "00:06:15", "text": "still on the message. I heard the real"}, {"end": "00:06:22", "start": "00:06:17", "text": "Verton speak once. He was respected."}, {"end": "00:06:25", "start": "00:06:20", "text": "Known for lifting people up instead of"}, {"end": "00:06:27", "start": "00:06:22", "text": "stepping on stepping on them. If this"}, {"end": "00:06:30", "start": "00:06:25", "text": "simulation version carries even a spark"}, {"end": "00:06:33", "start": "00:06:27", "text": "of that man, he'll honor his word. And"}, {"end": "00:06:36", "start": "00:06:30", "text": "if not, you'll you trail off. Sage lets"}, {"end": "00:06:38", "start": "00:06:33", "text": "out a sharp breath. clearly unconvinced."}, {"end": "00:06:41", "start": "00:06:36", "text": "You're putting all your hopes on a"}, {"end": "00:06:43", "start": "00:06:38", "text": "politician's PR campaign. Hollow Sim"}, {"end": "00:06:45", "start": "00:06:41", "text": "pulls in every scrap of public and"}, {"end": "00:06:47", "start": "00:06:43", "text": "private data to build these NPCs. If"}, {"end": "00:06:50", "start": "00:06:45", "text": "that Golden Boy reputation isn't real,"}, {"end": "00:06:52", "start": "00:06:47", "text": "you're trusting a mirage. Before you can"}, {"end": "00:06:54", "start": "00:06:50", "text": "answer, a second message arrives."}, {"end": "00:06:55", "start": "00:06:52", "text": "Another request from Verton. Captain,"}, {"end": "00:06:58", "start": "00:06:54", "text": "we're mobilizing support for a"}, {"end": "00:07:00", "start": "00:06:55", "text": "struggling midzone alliance. I need 540"}, {"end": "00:07:02", "start": "00:06:58", "text": "electronics and 600 power sources."}, {"end": "00:07:05", "start": "00:07:00", "text": "You've already shown your dedication. I"}, {"end": "00:07:07", "start": "00:07:02", "text": "know I can rely on you. You feel Sage"}, {"end": "00:07:09", "start": "00:07:05", "text": "shift beside you. The tone in her voice"}, {"end": "00:07:11", "start": "00:07:07", "text": "turning from disbelief to outright"}, {"end": "00:07:13", "start": "00:07:09", "text": "warning. Electronics and power sources."}, {"end": "00:07:15", "start": "00:07:11", "text": "That's not a small task. That's"}, {"end": "00:07:17", "start": "00:07:13", "text": "production scaling. Raw material runs"}, {"end": "00:07:19", "start": "00:07:15", "text": "fleet logistics. This will hit our"}, {"end": "00:07:22", "start": "00:07:17", "text": "reserves hard. You really want to do"}, {"end": "00:07:25", "start": "00:07:19", "text": "this? You hesitate for a moment. Then"}, {"end": "00:07:28", "start": "00:07:22", "text": "you nod. Yes. Set the job. We trust"}, {"end": "00:07:31", "start": "00:07:25", "text": "them. She mutters under her breath as"}, {"end": "00:07:33", "start": "00:07:28", "text": "she moves to carry out your order. When"}, {"end": "00:07:35", "start": "00:07:31", "text": "this blows up, I'm running a full"}, {"end": "00:07:39", "start": "00:07:33", "text": "diagnostic on your trust circuits. The"}, {"end": "00:07:41", "start": "00:07:35", "text": "screen updates. So, okay. So, 540"}, {"end": "00:07:43", "start": "00:07:39", "text": "electronics. Let's see what we need to"}, {"end": "00:07:45", "start": "00:07:41", "text": "do that. All right. So, for 540"}, {"end": "00:07:46", "start": "00:07:43", "text": "electronics, I need a bunch of copper"}, {"end": "00:07:49", "start": "00:07:45", "text": "and some polymer. I have all the polymer"}, {"end": "00:07:52", "start": "00:07:46", "text": "I need. I just have to um craft a whole"}, {"end": "00:07:53", "start": "00:07:49", "text": "bunch of copper. And um I must have just"}, {"end": "00:07:55", "start": "00:07:52", "text": "made ammo cuz I have no copper in my"}, {"end": "00:07:57", "start": "00:07:53", "text": "reserve. So, I'll just make that real"}, {"end": "00:07:59", "start": "00:07:55", "text": "fast."}, {"end": "00:08:02", "start": "00:07:57", "text": "Only 20 seconds. Not bad. All right,"}, {"end": "00:08:03", "start": "00:07:59", "text": "let's collect this copper. And now we go"}, {"end": "00:08:06", "start": "00:08:02", "text": "to craft workshop and we go to"}, {"end": "00:08:08", "start": "00:08:03", "text": "electronics."}, {"end": "00:08:12", "start": "00:08:06", "text": "There we go."}, {"end": "00:08:16", "start": "00:08:08", "text": "Oh, I don't need to do math. 540."}, {"end": "00:08:19", "start": "00:08:12", "text": "540. There we go."}, {"end": "00:08:21", "start": "00:08:16", "text": "216 soldiers. Crafting weight only takes"}, {"end": "00:08:24", "start": "00:08:19", "text": "6 seconds. This should be real, real"}, {"end": "00:08:26", "start": "00:08:21", "text": "quick, obviously."}, {"end": "00:08:28", "start": "00:08:24", "text": "There we go. Collect all that. And"}, {"end": "00:08:32", "start": "00:08:26", "text": "hopefully this fills Yep. Fills that up."}, {"end": "00:08:34", "start": "00:08:28", "text": "And now let's check. Oh no. Check in."}, {"end": "00:08:36", "start": "00:08:32", "text": "What the heck?"}, {"end": "00:08:38", "start": "00:08:34", "text": "Oh, okay. So, now it wants me to craft"}, {"end": "00:08:41", "start": "00:08:36", "text": "some power sources. All right. So, let's"}, {"end": "00:08:44", "start": "00:08:38", "text": "do that."}, {"end": "00:08:46", "start": "00:08:41", "text": "Here we go."}, {"end": "00:08:49", "start": "00:08:44", "text": "Power sources."}, {"end": "00:08:51", "start": "00:08:46", "text": "All right, we have some of our Let's"}, {"end": "00:08:53", "start": "00:08:49", "text": "see. 600. So, we have some of what we"}, {"end": "00:08:55", "start": "00:08:51", "text": "need. So, let's see if we have enough to"}, {"end": "00:08:58", "start": "00:08:53", "text": "do 600."}, {"end": "00:09:00", "start": "00:08:55", "text": "Looks like it. So, 216."}, {"end": "00:09:04", "start": "00:08:58", "text": "I'm glad I started like crafting some of"}, {"end": "00:09:08", "start": "00:09:00", "text": "the stuff uh in advance. So, here we go."}, {"end": "00:09:10", "start": "00:09:04", "text": "Real quick again. 6 seconds."}, {"end": "00:09:12", "start": "00:09:08", "text": "All right. Collect all completed items."}, {"end": "00:09:14", "start": "00:09:10", "text": "Nice. All right. So, probably have to"}, {"end": "00:09:17", "start": "00:09:12", "text": "check in again, it looks like. Nope."}, {"end": "00:09:21", "start": "00:09:14", "text": "Complete quest. Here we go, man. Woohoo."}, {"end": "00:09:23", "start": "00:09:17", "text": "Another 110,000 XP. 43 Atlas. Swing. All"}, {"end": "00:09:26", "start": "00:09:21", "text": "right. We're cruising right along now."}, {"end": "00:09:28", "start": "00:09:23", "text": "So, uh, deposit framework 1350. All"}, {"end": "00:09:29", "start": "00:09:26", "text": "right. So, Fimble asks you to help Oh,"}, {"end": "00:09:31", "start": "00:09:28", "text": "let's see if this is Yeah, I have to"}, {"end": "00:09:33", "start": "00:09:29", "text": "read this. Um, Fimble asks you to help"}, {"end": "00:09:35", "start": "00:09:31", "text": "them upgrade their Starbase. Go to the"}, {"end": "00:09:37", "start": "00:09:33", "text": "Starbase management tab on the Starbase"}, {"end": "00:09:40", "start": "00:09:35", "text": "crafting menu and deposit 1,350"}, {"end": "00:09:42", "start": "00:09:37", "text": "framework. Deposit 360 electronics and"}, {"end": "00:09:44", "start": "00:09:40", "text": "400 power sources. All right, so the"}, {"end": "00:09:45", "start": "00:09:42", "text": "mission says, \"The last crates of"}, {"end": "00:09:47", "start": "00:09:44", "text": "electronics and power sources are"}, {"end": "00:09:49", "start": "00:09:45", "text": "finally assembled. You barely have time"}, {"end": "00:09:51", "start": "00:09:47", "text": "to glance at the manifest before the"}, {"end": "00:09:54", "start": "00:09:49", "text": "fatigue washes over you. And then you"}, {"end": "00:09:56", "start": "00:09:51", "text": "notice in your crew too, they're slumped"}, {"end": "00:09:58", "start": "00:09:54", "text": "near the bulkheads. Uniforms stained"}, {"end": "00:10:00", "start": "00:09:56", "text": "with coolant and dust. Eyes red from"}, {"end": "00:10:02", "start": "00:09:58", "text": "lack of sleep. Crafting over a thousand"}, {"end": "00:10:04", "start": "00:10:00", "text": "advanced components with only extra"}, {"end": "00:10:06", "start": "00:10:02", "text": "small class vessels. Wasn't just"}, {"end": "00:10:09", "start": "00:10:04", "text": "logistically a logistic nightmare. It"}, {"end": "00:10:11", "start": "00:10:06", "text": "was a test of endurance. And every"}, {"end": "00:10:13", "start": "00:10:09", "text": "member of your team passed it. You're"}, {"end": "00:10:15", "start": "00:10:11", "text": "proud of them. And yet beneath their"}, {"end": "00:10:18", "start": "00:10:13", "text": "that pride, a seed of doubt gnaws your"}, {"end": "00:10:20", "start": "00:10:15", "text": "resolve. What if you were wrong about"}, {"end": "00:10:22", "start": "00:10:18", "text": "Verton? Sage enters the hanger at that"}, {"end": "00:10:24", "start": "00:10:20", "text": "moment, walking with rare sluggishness"}, {"end": "00:10:26", "start": "00:10:22", "text": "in her otherwise flawless gate. \"I've"}, {"end": "00:10:29", "start": "00:10:24", "text": "informed Verton and the Fimble Industry"}, {"end": "00:10:31", "start": "00:10:26", "text": "liaison of the component delivery,\" she"}, {"end": "00:10:33", "start": "00:10:29", "text": "announced, rubbing one temple as if"}, {"end": "00:10:36", "start": "00:10:31", "text": "trying to soothe a phantom headache."}, {"end": "00:10:38", "start": "00:10:33", "text": "\"You smirk. You look worse than the"}, {"end": "00:10:40", "start": "00:10:36", "text": "crew.\" She shoots you a look."}, {"end": "00:10:43", "start": "00:10:38", "text": "Apparently, Hollow Sim decided I should"}, {"end": "00:10:45", "start": "00:10:40", "text": "experience phys physical limitations for"}, {"end": "00:10:47", "start": "00:10:43", "text": "immersion. I've spent the last 4 hours"}, {"end": "00:10:50", "start": "00:10:45", "text": "optimizing drone delivery patterns and"}, {"end": "00:10:53", "start": "00:10:47", "text": "coordinating 23 fabrication loops. How"}, {"end": "00:10:56", "start": "00:10:50", "text": "do you materialbound organisms do this"}, {"end": "00:10:58", "start": "00:10:53", "text": "every day without system crashes? You"}, {"end": "00:11:01", "start": "00:10:56", "text": "chuckle, but the moment is cut short by"}, {"end": "00:11:03", "start": "00:10:58", "text": "the ping of a new message. Captain Vton"}, {"end": "00:11:05", "start": "00:11:01", "text": "writes, \"Your fleet's profession"}, {"end": "00:11:06", "start": "00:11:03", "text": "professionalism and efficiency have"}, {"end": "00:11:09", "start": "00:11:05", "text": "exceeded my expectations. The final"}, {"end": "00:11:11", "start": "00:11:06", "text": "stage is upon us. I've uploaded upgrade"}, {"end": "00:11:13", "start": "00:11:09", "text": "schematics using 1,350 of the frameworks"}, {"end": "00:11:15", "start": "00:11:11", "text": "you've stored alongside 360 electronics"}, {"end": "00:11:18", "start": "00:11:13", "text": "and 400 power sources. I want you to"}, {"end": "00:11:20", "start": "00:11:15", "text": "initiate the Starbase enhancements. This"}, {"end": "00:11:21", "start": "00:11:18", "text": "upgrade will serve the foundation of the"}, {"end": "00:11:24", "start": "00:11:20", "text": "new civilian infrastructure in the"}, {"end": "00:11:26", "start": "00:11:21", "text": "region. Sage reads the message and SL"}, {"end": "00:11:28", "start": "00:11:24", "text": "and size audibly. Your fleet is"}, {"end": "00:11:30", "start": "00:11:26", "text": "exhausted. This installation will be"}, {"end": "00:11:32", "start": "00:11:28", "text": "grueling. Let them rest. You nod. I"}, {"end": "00:11:34", "start": "00:11:30", "text": "wasn't planning on asking them. Before"}, {"end": "00:11:35", "start": "00:11:32", "text": "she can argue, you strip off your"}, {"end": "00:11:37", "start": "00:11:34", "text": "jacket, grab a crate, and head towards"}, {"end": "00:11:39", "start": "00:11:35", "text": "the construction scaffold. You're not"}, {"end": "00:11:42", "start": "00:11:37", "text": "even halfway there before Sage groans"}, {"end": "00:11:44", "start": "00:11:39", "text": "behind you. Oh, for the star Atlas's"}, {"end": "00:11:46", "start": "00:11:42", "text": "sake. Her voice is thick in theatrical"}, {"end": "00:11:48", "start": "00:11:44", "text": "dismay. The most advanced artificial"}, {"end": "00:11:51", "start": "00:11:46", "text": "intelligence in the galaxy, reduced to"}, {"end": "00:11:53", "start": "00:11:48", "text": "hauling virtual framework beams. If my"}, {"end": "00:11:55", "start": "00:11:51", "text": "mother could see this, she'd implode"}, {"end": "00:11:57", "start": "00:11:53", "text": "from secondhand shame. But she joins you"}, {"end": "00:11:59", "start": "00:11:55", "text": "anyway, grumbling as she lifts the"}, {"end": "00:12:01", "start": "00:11:57", "text": "container. Slowly, one by one, the crew"}, {"end": "00:12:03", "start": "00:11:59", "text": "members stir. No words are exchanged."}, {"end": "00:12:04", "start": "00:12:01", "text": "They simply stand, stretch, and begin"}, {"end": "00:12:06", "start": "00:12:03", "text": "moving. In minutes, the hanger"}, {"end": "00:12:09", "start": "00:12:04", "text": "transforms into a living machine again."}, {"end": "00:12:11", "start": "00:12:06", "text": "Tired, but united as you secure the"}, {"end": "00:12:13", "start": "00:12:09", "text": "first framework into place. You watch"}, {"end": "00:12:15", "start": "00:12:11", "text": "them. You didn't choose this crew. Holim"}, {"end": "00:12:17", "start": "00:12:13", "text": "assigned them. And yet, these strangers"}, {"end": "00:12:20", "start": "00:12:15", "text": "have become more something else. You"}, {"end": "00:12:22", "start": "00:12:17", "text": "wonder if once the situation ends,"}, {"end": "00:12:24", "start": "00:12:20", "text": "you'll be able to find them in the real"}, {"end": "00:12:27", "start": "00:12:22", "text": "Gallia. You wonder if they're if they're"}, {"end": "00:12:29", "start": "00:12:24", "text": "even real. And you wonder if Verton,"}, {"end": "00:12:31", "start": "00:12:27", "text": "wherever he may be, deserves the kind of"}, {"end": "00:12:33", "start": "00:12:29", "text": "loyalty your people are showing. You"}, {"end": "00:12:36", "start": "00:12:31", "text": "tighten the final seal. The star base"}, {"end": "00:12:38", "start": "00:12:33", "text": "glows as the systems begin to shift."}, {"end": "00:12:40", "start": "00:12:36", "text": "Let's hope it's worth it. All right, so"}, {"end": "00:12:42", "start": "00:12:38", "text": "we need to go to Starbase management,"}, {"end": "00:12:43", "start": "00:12:40", "text": "right? I've never actually done this. Is"}, {"end": "00:12:47", "start": "00:12:42", "text": "this under crafting? Yeah, base"}, {"end": "00:12:49", "start": "00:12:43", "text": "management, right? All right. Uh, I"}, {"end": "00:12:52", "start": "00:12:47", "text": "don't have the option to do frameworks."}, {"end": "00:12:54", "start": "00:12:49", "text": "Hm. Ah, if I go over to Kamk where my"}, {"end": "00:12:55", "start": "00:12:52", "text": "two crew members are. Um, I wonder if I"}, {"end": "00:12:57", "start": "00:12:54", "text": "was actually supposed to be doing"}, {"end": "00:12:59", "start": "00:12:55", "text": "everything over at that one base. Um,"}, {"end": "00:13:00", "start": "00:12:57", "text": "but I still got the points anyway. So,"}, {"end": "00:13:02", "start": "00:12:59", "text": "it looks like I can go to base"}, {"end": "00:13:04", "start": "00:13:00", "text": "management. It looks like I can do the"}, {"end": "00:13:06", "start": "00:13:02", "text": "framework, the power sources, and the"}, {"end": "00:13:08", "start": "00:13:04", "text": "electronics right over here. So, I guess"}, {"end": "00:13:10", "start": "00:13:06", "text": "I'll haul them over there. And uh yeah,"}, {"end": "00:13:11", "start": "00:13:08", "text": "and I'll talk to you guys in a bit once"}, {"end": "00:13:13", "start": "00:13:10", "text": "my ship gets there. So, well, first"}, {"end": "00:13:16", "start": "00:13:11", "text": "let's uh let's load up just in case you"}, {"end": "00:13:19", "start": "00:13:13", "text": "guys are wondering how to do so. I'm"}, {"end": "00:13:23", "start": "00:13:16", "text": "going to take um Ralph and Stanley back"}, {"end": "00:13:27", "start": "00:13:19", "text": "offline right here. Where are they?"}, {"end": "00:13:27", "start": "00:13:23", "text": "They are mining. So, I'll stop mining."}, {"end": "00:13:31", "start": "00:13:27", "text": "We are going to Oh, it looks like"}, {"end": "00:13:35", "start": "00:13:30", "text": "they're already docked. All right. So,"}, {"end": "00:13:39", "start": "00:13:31", "text": "let's go to our hanger."}, {"end": "00:13:39", "start": "00:13:35", "text": "We'll get rid of all this hydrogen"}, {"end": "00:13:48", "start": "00:13:40", "text": "and All right. Um, transfer. Let's see."}, {"end": "00:13:48", "start": "00:13:43", "text": "So, now we go to inventory and"}, {"end": "00:13:55", "start": "00:13:50", "text": "how many framework"}, {"end": "00:13:58", "start": "00:13:52", "text": "All right. 1350 framework. Here we go."}, {"end": "00:14:00", "start": "00:13:55", "text": "So 1350"}, {"end": "00:14:02", "start": "00:13:58", "text": "360"}, {"end": "00:14:05", "start": "00:14:00", "text": "of the electronics. So where's my"}, {"end": "00:14:07", "start": "00:14:02", "text": "electronics? Right here."}, {"end": "00:14:10", "start": "00:14:05", "text": "360"}, {"end": "00:14:13", "start": "00:14:07", "text": "and 400 power sources."}, {"end": "00:14:16", "start": "00:14:10", "text": "All right. So 1350 framework, 400 power"}, {"end": "00:14:18", "start": "00:14:13", "text": "sources, 360 electronics. We're going to"}, {"end": "00:14:21", "start": "00:14:16", "text": "choose our fleet and transfer to the"}, {"end": "00:14:23", "start": "00:14:18", "text": "fleet. There we go. Now we can undock"}, {"end": "00:14:26", "start": "00:14:21", "text": "our fleet. We got the cargo in the fleet"}, {"end": "00:14:29", "start": "00:14:23", "text": "and we'll X out of that for a sec. Let's"}, {"end": "00:14:31", "start": "00:14:26", "text": "go to send them over to Kamach."}, {"end": "00:14:34", "start": "00:14:29", "text": "Here we go."}, {"end": "00:14:36", "start": "00:14:31", "text": "Subwarp."}, {"end": "00:14:38", "start": "00:14:34", "text": "Over to Kamak."}, {"end": "00:14:40", "start": "00:14:36", "text": "Start subwarp. There we go. All right."}, {"end": "00:14:41", "start": "00:14:38", "text": "I'll check back with you guys in a half"}, {"end": "00:14:44", "start": "00:14:40", "text": "hour"}, {"end": "00:14:46", "start": "00:14:41", "text": ">> later that same evening."}, {"end": "00:14:47", "start": "00:14:44", "text": ">> H. Just kidding. It's not 30 minutes for"}, {"end": "00:14:49", "start": "00:14:46", "text": "you guys. It's just a couple seconds."}, {"end": "00:14:53", "start": "00:14:47", "text": "So, we're going to dock that fleet and"}, {"end": "00:14:56", "start": "00:14:49", "text": "go to the hanger. Click on it and take"}, {"end": "00:14:58", "start": "00:14:53", "text": "out all the power sources, electronics,"}, {"end": "00:15:00", "start": "00:14:56", "text": "and frameworks. Transfer them to that"}, {"end": "00:15:04", "start": "00:14:58", "text": "star base. And then now, let's go to"}, {"end": "00:15:06", "start": "00:15:00", "text": "that crafting tab. Base management."}, {"end": "00:15:08", "start": "00:15:04", "text": "Commit to efforts. Here we go. We'll do"}, {"end": "00:15:10", "start": "00:15:06", "text": "the max, right?"}, {"end": "00:15:12", "start": "00:15:08", "text": "And I only got two crew there. So, we'll"}, {"end": "00:15:14", "start": "00:15:10", "text": "just do the two."}, {"end": "00:15:15", "start": "00:15:12", "text": "And is that what I'm supposed to do?"}, {"end": "00:15:19", "start": "00:15:14", "text": "Yeah. Frameware first. Okay. Commit to"}, {"end": "00:15:21", "start": "00:15:15", "text": "efforts. Let's see what happens."}, {"end": "00:15:22", "start": "00:15:19", "text": "All right, it looks like it went"}, {"end": "00:15:25", "start": "00:15:21", "text": "through. Deposit frameworks went"}, {"end": "00:15:27", "start": "00:15:22", "text": "through. So, we'll check in. And so, now"}, {"end": "00:15:29", "start": "00:15:25", "text": "deposit electronic. So, let's see if the"}, {"end": "00:15:31", "start": "00:15:27", "text": "crew members are done here."}, {"end": "00:15:32", "start": "00:15:29", "text": "Uh I actually don't have a lot of"}, {"end": "00:15:34", "start": "00:15:31", "text": "experience doing this cuz I don't do"}, {"end": "00:15:39", "start": "00:15:32", "text": "this in I don't really upgrade my star"}, {"end": "00:15:42", "start": "00:15:34", "text": "bases in um uh Sage Starbased because I"}, {"end": "00:15:44", "start": "00:15:39", "text": "how can I put it? I do all the stuff to"}, {"end": "00:15:46", "start": "00:15:42", "text": "um help my faction out like help the the"}, {"end": "00:15:47", "start": "00:15:44", "text": "larger players of my faction out, you So"}, {"end": "00:15:50", "start": "00:15:46", "text": "like I craft like fuel for them and ammo"}, {"end": "00:15:52", "start": "00:15:47", "text": "for them and uh look for SDUs and things"}, {"end": "00:15:54", "start": "00:15:50", "text": "like that. So um this is kind of cool. I"}, {"end": "00:15:56", "start": "00:15:52", "text": "actually get to help out um helping my"}, {"end": "00:15:59", "start": "00:15:54", "text": "star base here. All right, so"}, {"end": "00:16:01", "start": "00:15:56", "text": "electronics now commit to effort"}, {"end": "00:16:03", "start": "00:15:59", "text": "and I have no crew members. So I have to"}, {"end": "00:16:05", "start": "00:16:01", "text": "go to current job."}, {"end": "00:16:07", "start": "00:16:03", "text": "Oh no. So check this out. Starbase"}, {"end": "00:16:08", "start": "00:16:05", "text": "upgrade can only be accomplished when"}, {"end": "00:16:10", "start": "00:16:07", "text": "the star base has enough tool kits. So"}, {"end": "00:16:14", "start": "00:16:08", "text": "resupply some tool kits to the upgrade."}, {"end": "00:16:16", "start": "00:16:10", "text": "So, I can't even uh yeah, I can't"}, {"end": "00:16:17", "start": "00:16:14", "text": "upgrade that until I have some tool"}, {"end": "00:16:19", "start": "00:16:16", "text": "kits. So, I could abandoned it. I got"}, {"end": "00:16:20", "start": "00:16:17", "text": "the points already. But, let's see if we"}, {"end": "00:16:23", "start": "00:16:19", "text": "can play fair. Let's see if they"}, {"end": "00:16:25", "start": "00:16:20", "text": "anyone's selling tool kits in this uh at"}, {"end": "00:16:26", "start": "00:16:23", "text": "the star base here. All right. So, even"}, {"end": "00:16:28", "start": "00:16:25", "text": "though I think I could cheat, I decided"}, {"end": "00:16:30", "start": "00:16:26", "text": "not to cheat. So, I went back to the Oni"}, {"end": "00:16:32", "start": "00:16:28", "text": "CSS and I have my crafters crafting"}, {"end": "00:16:35", "start": "00:16:30", "text": "30,000 tool kits. I'm hoping that's"}, {"end": "00:16:37", "start": "00:16:32", "text": "enough. And then I took my um in my"}, {"end": "00:16:39", "start": "00:16:35", "text": "hanger right here. Do I have him in my"}, {"end": "00:16:41", "start": "00:16:37", "text": "hanger? Not yet. Um I have Fat Albert"}, {"end": "00:16:45", "start": "00:16:39", "text": "right here. I'm going to dock him. He is"}, {"end": "00:16:47", "start": "00:16:41", "text": "my Fimbo's um he's my Fimbo BIOS that I"}, {"end": "00:16:49", "start": "00:16:45", "text": "have my packite and so he can warp"}, {"end": "00:16:52", "start": "00:16:47", "text": "really fast. So I'm going to um throw"}, {"end": "00:16:55", "start": "00:16:49", "text": "those tool kits into his cargo bay and"}, {"end": "00:16:57", "start": "00:16:52", "text": "fly him out to KCK and hopefully uh we"}, {"end": "00:16:58", "start": "00:16:55", "text": "can do this proper. All right, it looks"}, {"end": "00:17:02", "start": "00:16:57", "text": "like if I want to bring food out there"}, {"end": "00:17:04", "start": "00:16:58", "text": "with me, I'll bring 27,000 tool kits. Um"}, {"end": "00:17:06", "start": "00:17:02", "text": "there we go. We're going to undock this"}, {"end": "00:17:08", "start": "00:17:04", "text": "son of a gun. Send him on his way. And"}, {"end": "00:17:09", "start": "00:17:06", "text": "look how far the these guys can warp."}, {"end": "00:17:12", "start": "00:17:08", "text": "I'm not too sure if you can see it, but"}, {"end": "00:17:15", "start": "00:17:09", "text": "it should just be two quick jumps here."}, {"end": "00:17:16", "start": "00:17:12", "text": "Start warp. There we go. And so he's"}, {"end": "00:17:17", "start": "00:17:15", "text": "going to go halfway across the map."}, {"end": "00:17:19", "start": "00:17:16", "text": "Hopefully in the second warp I can get"}, {"end": "00:17:20", "start": "00:17:17", "text": "right to where I need to go. And uh I'll"}, {"end": "00:17:21", "start": "00:17:19", "text": "be right back."}, {"end": "00:17:23", "start": "00:17:20", "text": ">> Moments later."}, {"end": "00:17:26", "start": "00:17:21", "text": ">> All right. Fat Albert's already at KC."}, {"end": "00:17:28", "start": "00:17:23", "text": "I'm going to dock him and we're going to"}, {"end": "00:17:32", "start": "00:17:26", "text": "go over to the hanger. We're going to"}, {"end": "00:17:33", "start": "00:17:28", "text": "take out those tool kits."}, {"end": "00:17:35", "start": "00:17:32", "text": "Transfer to the star base. And hopefully"}, {"end": "00:17:38", "start": "00:17:33", "text": "now we can do what we need to do. Let's"}, {"end": "00:17:40", "start": "00:17:35", "text": "go back to the crafting tab and current."}, {"end": "00:17:42", "start": "00:17:38", "text": "All right, base management current jobs."}, {"end": "00:17:44", "start": "00:17:40", "text": "Oh yeah, I keep on forgetting you have"}, {"end": "00:17:46", "start": "00:17:42", "text": "to hit the upgrade tab that shows. So I"}, {"end": "00:17:48", "start": "00:17:44", "text": "need those tool kits in there. Let's"}, {"end": "00:17:51", "start": "00:17:46", "text": "resupply. We'll just do a small amount"}, {"end": "00:17:53", "start": "00:17:48", "text": "just to see if this works. 5,000."}, {"end": "00:17:57", "start": "00:17:51", "text": "They'll give me 20,000 LP, too, which is"}, {"end": "00:18:00", "start": "00:17:53", "text": "pretty sweet. Resupply. All right. Oh my"}, {"end": "00:18:02", "start": "00:17:57", "text": "gosh. 2 hours and 14 minutes it's going"}, {"end": "00:18:04", "start": "00:18:00", "text": "to take for these guys to uh upgrade"}, {"end": "00:18:06", "start": "00:18:02", "text": "that framework. Holy smokes."}, {"end": "00:18:10", "start": "00:18:04", "text": "So, we'll have to just wait for a little"}, {"end": "00:18:14", "start": "00:18:06", "text": "bit here. Well, maybe I should have uh"}, {"end": "00:18:15", "start": "00:18:10", "text": "crew members come out of um one of my"}, {"end": "00:18:16", "start": "00:18:14", "text": "ship, one of my fleets right here for"}, {"end": "00:18:19", "start": "00:18:15", "text": "the meantime, and then we can get all"}, {"end": "00:18:23", "start": "00:18:16", "text": "this going at once, right? So, let's go"}, {"end": "00:18:27", "start": "00:18:19", "text": "back to the hanger and we'll go to"}, {"end": "00:18:28", "start": "00:18:23", "text": "passengers and let's see, there's four"}, {"end": "00:18:31", "start": "00:18:27", "text": "crew all together. So, we're going to"}, {"end": "00:18:32", "start": "00:18:28", "text": "disembark all. So, so right now Fat"}, {"end": "00:18:33", "start": "00:18:31", "text": "Albert's pretty much stranded here"}, {"end": "00:18:35", "start": "00:18:32", "text": "because he has no crew members, but I"}, {"end": "00:18:37", "start": "00:18:33", "text": "could put those guys to work, right? So,"}, {"end": "00:18:39", "start": "00:18:35", "text": "let's go back to crafting and we'll go"}, {"end": "00:18:42", "start": "00:18:37", "text": "to base management."}, {"end": "00:18:45", "start": "00:18:39", "text": "And uh looks like I have an hour and 22"}, {"end": "00:18:47", "start": "00:18:42", "text": "minutes, right, of time here. So, let's"}, {"end": "00:18:49", "start": "00:18:45", "text": "commit to the efforts. So, what we're"}, {"end": "00:18:52", "start": "00:18:47", "text": "going to do is put two guys on this for"}, {"end": "00:18:53", "start": "00:18:49", "text": "electronics,"}, {"end": "00:18:54", "start": "00:18:52", "text": "right?"}, {"end": "00:18:56", "start": "00:18:53", "text": "All right. It looks like I didn't quite"}, {"end": "00:18:58", "start": "00:18:54", "text": "get the um passengers out of my Fat"}, {"end": "00:19:00", "start": "00:18:56", "text": "Albert fleet. So, I just fixed that"}, {"end": "00:19:03", "start": "00:18:58", "text": "problem. So now I can commit to the"}, {"end": "00:19:03", "start": "00:19:00", "text": "efforts."}, {"end": "00:19:07", "start": "00:19:03", "text": "So we deposited the electronics. So we"}, {"end": "00:19:10", "start": "00:19:05", "text": "got the points for that, right? So"}, {"end": "00:19:12", "start": "00:19:07", "text": "current job upgrades 41 minutes. Okay,"}, {"end": "00:19:14", "start": "00:19:10", "text": "so that's a little better. Base"}, {"end": "00:19:16", "start": "00:19:12", "text": "management and"}, {"end": "00:19:19", "start": "00:19:14", "text": "see I need to check in on our quests,"}, {"end": "00:19:22", "start": "00:19:16", "text": "right? So let's go to storyline. We'll"}, {"end": "00:19:26", "start": "00:19:19", "text": "check in. And now deposit power sources."}, {"end": "00:19:29", "start": "00:19:22", "text": "So we need to deposit 400 power sources."}, {"end": "00:19:32", "start": "00:19:26", "text": "All right. So, back to KCK, crafting,"}, {"end": "00:19:35", "start": "00:19:29", "text": "base management. Go down to power"}, {"end": "00:19:37", "start": "00:19:32", "text": "sources, commit efforts, and we'll give"}, {"end": "00:19:39", "start": "00:19:35", "text": "two our last remaining two um crew"}, {"end": "00:19:41", "start": "00:19:37", "text": "members to craft the 400 right here."}, {"end": "00:19:44", "start": "00:19:39", "text": "Commit to efforts. Looks like we're all"}, {"end": "00:19:47", "start": "00:19:41", "text": "set. Now, the only thing that we have to"}, {"end": "00:19:49", "start": "00:19:44", "text": "look at is that the framework upgrade"}, {"end": "00:19:51", "start": "00:19:47", "text": "takes 2 hours 11 minutes, but I only put"}, {"end": "00:19:52", "start": "00:19:49", "text": "enough tool kits in, it looks like, for"}, {"end": "00:19:54", "start": "00:19:51", "text": "an hour and 19 minutes. So, what we'll"}, {"end": "00:19:57", "start": "00:19:52", "text": "do is we'll resupply some more tool kits"}, {"end": "00:19:59", "start": "00:19:54", "text": "here. Uh, we'll do well, let's do max."}, {"end": "00:20:01", "start": "00:19:57", "text": "What What the heck? We get all this LP,"}, {"end": "00:20:04", "start": "00:19:59", "text": "right? Resupply."}, {"end": "00:20:07", "start": "00:20:01", "text": "Might as well. So, now I got seven hours"}, {"end": "00:20:09", "start": "00:20:04", "text": "worth of time. Um, which is plent like,"}, {"end": "00:20:12", "start": "00:20:07", "text": "you know, almost triple. So, we should"}, {"end": "00:20:15", "start": "00:20:09", "text": "be good to go, man. It is triple, more"}, {"end": "00:20:16", "start": "00:20:12", "text": "than triple. All right, so well, I'll"}, {"end": "00:20:18", "start": "00:20:15", "text": "see you guys back. Well, wait, wait,"}, {"end": "00:20:22", "start": "00:20:16", "text": "wait, wait, wait. I can actually"}, {"end": "00:20:24", "start": "00:20:18", "text": "complete this quest, right?"}, {"end": "00:20:25", "start": "00:20:22", "text": "Nice. And then now I can get right on to"}, {"end": "00:20:27", "start": "00:20:24", "text": "the next quest. We don't even have to"}, {"end": "00:20:30", "start": "00:20:25", "text": "wait for all those guys, right? All"}, {"end": "00:20:31", "start": "00:20:27", "text": "right. So, uh, I don't have an option to"}, {"end": "00:20:33", "start": "00:20:30", "text": "actually play Sage's voice, so I'm going"}, {"end": "00:20:34", "start": "00:20:31", "text": "to have to read this myself again. It"}, {"end": "00:20:37", "start": "00:20:33", "text": "says, \"If your crew was tired before,"}, {"end": "00:20:38", "start": "00:20:34", "text": "they're completely spent now. Mess"}, {"end": "00:20:42", "start": "00:20:37", "text": "Quint, the youngest recruit in your"}, {"end": "00:20:45", "start": "00:20:38", "text": "fleet, stumbles over, panting. Captain"}, {"end": "00:20:47", "start": "00:20:42", "text": "Herd sent me. Said to get you right"}, {"end": "00:20:50", "start": "00:20:45", "text": "away. Something's off.\" You raise an"}, {"end": "00:20:52", "start": "00:20:47", "text": "eyebrow. Off? Ow. He hesitates, still"}, {"end": "00:20:54", "start": "00:20:50", "text": "catching his breath. He says, \"It's"}, {"end": "00:20:56", "start": "00:20:52", "text": "better if you hear it from him.\" You"}, {"end": "00:20:58", "start": "00:20:54", "text": "glance at Sage. She meets your eyes with"}, {"end": "00:21:01", "start": "00:20:56", "text": "a look that says, \"I warned you, but"}, {"end": "00:21:03", "start": "00:20:58", "text": "keep silent.\" Together, you follow Mos"}, {"end": "00:21:05", "start": "00:21:01", "text": "through the dim corridors of the star"}, {"end": "00:21:07", "start": "00:21:03", "text": "base, past the cargo lifts and refab"}, {"end": "00:21:09", "start": "00:21:05", "text": "ports until you reach the special hanger"}, {"end": "00:21:11", "start": "00:21:07", "text": "where your crew had completed its"}, {"end": "00:21:15", "start": "00:21:09", "text": "installation hours ago. You find herd"}, {"end": "00:21:17", "start": "00:21:11", "text": "already waiting, his frame powered down"}, {"end": "00:21:18", "start": "00:21:15", "text": "just enough to show fatigue, but still"}, {"end": "00:21:21", "start": "00:21:17", "text": "standing at full attention. The android"}, {"end": "00:21:24", "start": "00:21:18", "text": "salutes crisply crispy. Crisply captain,"}, {"end": "00:21:25", "start": "00:21:21", "text": "he says. The schematics are complete,"}, {"end": "00:21:27", "start": "00:21:24", "text": "but this this isn't civilian"}, {"end": "00:21:30", "start": "00:21:25", "text": "infrastructure. It's ship crafting"}, {"end": "00:21:33", "start": "00:21:27", "text": "facility. And by the looks of it, by the"}, {"end": "00:21:35", "start": "00:21:30", "text": "looks of it, fitting, it's optimized for"}, {"end": "00:21:38", "start": "00:21:33", "text": "building fighters, sir, from its"}, {"end": "00:21:40", "start": "00:21:35", "text": "fittings. A cold pulse creeps up your"}, {"end": "00:21:42", "start": "00:21:38", "text": "spine. Betrayal. That's your first"}, {"end": "00:21:44", "start": "00:21:40", "text": "instinct, Verton. He had you build this"}, {"end": "00:21:46", "start": "00:21:42", "text": "under the pretense of helping the"}, {"end": "00:21:49", "start": "00:21:44", "text": "region. Was all of this just a ruse, a"}, {"end": "00:21:50", "start": "00:21:46", "text": "stunt to get free labor out of the out"}, {"end": "00:21:53", "start": "00:21:49", "text": "of a trusting fool? You don't want to"}, {"end": "00:21:55", "start": "00:21:50", "text": "believe it. Sage turns towards you. Her"}, {"end": "00:21:58", "start": "00:21:53", "text": "voice is soft, and for once, without"}, {"end": "00:22:00", "start": "00:21:55", "text": "judgment, \"It's okay, Captain. We'll"}, {"end": "00:22:03", "start": "00:21:58", "text": "regroup after the crew rests. We're"}, {"end": "00:22:06", "start": "00:22:00", "text": "behind now for sure, but we'll find a"}, {"end": "00:22:08", "start": "00:22:03", "text": "way to catch up, even if her words are"}, {"end": "00:22:10", "start": "00:22:06", "text": "cut short by the echoing clack of boots"}, {"end": "00:22:12", "start": "00:22:08", "text": "on metal.\" Virt enters the hanger,"}, {"end": "00:22:15", "start": "00:22:10", "text": "flanked by a squad of Zang Yang"}, {"end": "00:22:18", "start": "00:22:12", "text": "enforcers in polished black armor. They"}, {"end": "00:22:20", "start": "00:22:15", "text": "scan the room like predators. Before you"}, {"end": "00:22:22", "start": "00:22:18", "text": "even think, your feet are moving, your"}, {"end": "00:22:24", "start": "00:22:20", "text": "voice rising. What is this, Furton? This"}, {"end": "00:22:26", "start": "00:22:22", "text": "isn't what we agreed on. You storm"}, {"end": "00:22:28", "start": "00:22:24", "text": "forward. You said we were helping people"}, {"end": "00:22:31", "start": "00:22:26", "text": "and instead you had us build a fimble"}, {"end": "00:22:34", "start": "00:22:28", "text": "factory for you. I did everything you"}, {"end": "00:22:36", "start": "00:22:31", "text": "asked and I trusted you. The cl the"}, {"end": "00:22:40", "start": "00:22:34", "text": "click of rifles interrupts your anger."}, {"end": "00:22:41", "start": "00:22:36", "text": "Two GANs lasers laser models are locked"}, {"end": "00:22:44", "start": "00:22:40", "text": "to your forehead before you can take"}, {"end": "00:22:47", "start": "00:22:41", "text": "another step around you. Your crew draws"}, {"end": "00:22:49", "start": "00:22:44", "text": "weapons in unison. Exhausted forgotten"}, {"end": "00:22:51", "start": "00:22:47", "text": "triggers trigger fingers ready. Sage"}, {"end": "00:22:54", "start": "00:22:49", "text": "whispers beside you, voice barely"}, {"end": "00:22:56", "start": "00:22:51", "text": "audible. Is this how you want to play"}, {"end": "00:22:59", "start": "00:22:54", "text": "it? H. Is this how you want to play it?"}, {"end": "00:23:01", "start": "00:22:56", "text": "Hollisim. Fine. You feel it before you"}, {"end": "00:23:04", "start": "00:22:59", "text": "see it. A rising wave of heat radiates"}, {"end": "00:23:07", "start": "00:23:01", "text": "from her frame, energizing, charging in"}, {"end": "00:23:09", "start": "00:23:04", "text": "air like a coiled storm. The Vertton."}, {"end": "00:23:11", "start": "00:23:07", "text": "Then Vertton raises his hand. Stand"}, {"end": "00:23:13", "start": "00:23:09", "text": "down, he says calmly to the guards. The"}, {"end": "00:23:15", "start": "00:23:11", "text": "mercenaries lower the rifles. Your crew"}, {"end": "00:23:17", "start": "00:23:13", "text": "hesitates, then follows suit. Sage"}, {"end": "00:23:19", "start": "00:23:15", "text": "reluctantly powers down whatever she was"}, {"end": "00:23:21", "start": "00:23:17", "text": "building up. Verton steps forward. He"}, {"end": "00:23:24", "start": "00:23:19", "text": "doesn't raise his voice, doesn't defend"}, {"end": "00:23:27", "start": "00:23:21", "text": "himself. Instead, he hugs you. Caught"}, {"end": "00:23:28", "start": "00:23:24", "text": "off guard, you freeze. \"You've done more"}, {"end": "00:23:31", "start": "00:23:27", "text": "than enough to prove yourself, Captain,\""}, {"end": "00:23:33", "start": "00:23:28", "text": "he says, voice low. \"And now everyone at"}, {"end": "00:23:36", "start": "00:23:31", "text": "Fimble Industries knows it, too. You"}, {"end": "00:23:39", "start": "00:23:33", "text": "gave all to help the people of the"}, {"end": "00:23:41", "start": "00:23:36", "text": "medium zone, and we are here to return"}, {"end": "00:23:43", "start": "00:23:39", "text": "the favor.\" The tensions in the hanger"}, {"end": "00:23:45", "start": "00:23:41", "text": "dissolve like smoke, sunlight. In"}, {"end": "00:23:48", "start": "00:23:43", "text": "sunlight, Vton walks to the gleaming"}, {"end": "00:23:50", "start": "00:23:45", "text": "structure your crew built. He runs his"}, {"end": "00:23:53", "start": "00:23:48", "text": "hand along the scaffolding, admiration"}, {"end": "00:23:55", "start": "00:23:50", "text": "in his eyes. This factory is yours. It's"}, {"end": "00:23:58", "start": "00:23:53", "text": "small, yes, but it's official. You now"}, {"end": "00:24:00", "start": "00:23:55", "text": "have your own Fimblecertified factory,"}, {"end": "00:24:02", "start": "00:23:58", "text": "sponsored, recognized, and ready to"}, {"end": "00:24:05", "start": "00:24:00", "text": "complete with compete with anyone in"}, {"end": "00:24:08", "start": "00:24:02", "text": "Gallia. He steps back and hands you a"}, {"end": "00:24:10", "start": "00:24:05", "text": "glowing holographic blueprint. Use the"}, {"end": "00:24:14", "start": "00:24:08", "text": "components you've saved, Captain. Build"}, {"end": "00:24:15", "start": "00:24:10", "text": "your first real ship. You turn to Sage."}, {"end": "00:24:17", "start": "00:24:14", "text": "She stares wideeyed, completely"}, {"end": "00:24:20", "start": "00:24:15", "text": "speechless for the first time since the"}, {"end": "00:24:23", "start": "00:24:17", "text": "scenario began. Then you extend your"}, {"end": "00:24:25", "start": "00:24:20", "text": "hand to Verton. With a firm shake, you"}, {"end": "00:24:26", "start": "00:24:23", "text": "seal the alliance. All right, so that"}, {"end": "00:24:28", "start": "00:24:25", "text": "was a pretty cool twist in the story"}, {"end": "00:24:30", "start": "00:24:26", "text": "line. I I really like this the whole"}, {"end": "00:24:32", "start": "00:24:28", "text": "story, too. Um, it definitely, you know,"}, {"end": "00:24:34", "start": "00:24:30", "text": "gives a little bit of immersion to this"}, {"end": "00:24:36", "start": "00:24:32", "text": "whole entire gameplay of Hollisim."}, {"end": "00:24:38", "start": "00:24:34", "text": "Totally digging it. And so now we have"}, {"end": "00:24:40", "start": "00:24:36", "text": "to craft our first small ship, which"}, {"end": "00:24:42", "start": "00:24:38", "text": "I've already crafted a couple larger"}, {"end": "00:24:43", "start": "00:24:40", "text": "ships, so but we'll just pretend like uh"}, {"end": "00:24:46", "start": "00:24:42", "text": "I've never done that before. And so"}, {"end": "00:24:49", "start": "00:24:43", "text": "we're supposed to craft a BIOS herb. So"}, {"end": "00:24:52", "start": "00:24:46", "text": "I left my extra stuff over at um the"}, {"end": "00:24:57", "start": "00:24:49", "text": "central space station Nuno. So let's go"}, {"end": "00:25:01", "start": "00:24:52", "text": "to crafting and we'll type in uh herp"}, {"end": "00:25:06", "start": "00:24:57", "text": "some an right here. I can't craft an"}, {"end": "00:25:06", "start": "00:25:01", "text": "herp. It says craft an herp."}, {"end": "00:25:11", "start": "00:25:06", "text": "Can I do it? Let's see. 216"}, {"end": "00:25:13", "start": "00:25:09", "text": "says cannot Oh, I'm missing my"}, {"end": "00:25:15", "start": "00:25:11", "text": "electronics and power source. Okay. So,"}, {"end": "00:25:17", "start": "00:25:13", "text": "I have to do some a little more"}, {"end": "00:25:18", "start": "00:25:15", "text": "electronics. So, and I'm missing copper."}, {"end": "00:25:23", "start": "00:25:17", "text": "So, I'm missing some more copper. So, I"}, {"end": "00:25:25", "start": "00:25:18", "text": "got to make some copper."}, {"end": "00:25:28", "start": "00:25:23", "text": "That'll take a minute. All right. Now, I"}, {"end": "00:25:32", "start": "00:25:25", "text": "can make the electronics. So, let's see."}, {"end": "00:25:34", "start": "00:25:28", "text": "28 216. Right. Right. 18 seconds. Really"}, {"end": "00:25:37", "start": "00:25:32", "text": "fast."}, {"end": "00:25:40", "start": "00:25:34", "text": "And now, what else do I need"}, {"end": "00:25:41", "start": "00:25:37", "text": "for my power sources?"}, {"end": "00:25:44", "start": "00:25:40", "text": "Oh, it looks like I have everything I"}, {"end": "00:25:46", "start": "00:25:41", "text": "need. I just have to uh"}, {"end": "00:25:50", "start": "00:25:44", "text": "I just need crew members now."}, {"end": "00:25:54", "start": "00:25:46", "text": "All right, we'll collect those."}, {"end": "00:25:54", "start": "00:25:50", "text": "So, here we go. 216."}, {"end": "00:26:00", "start": "00:25:54", "text": "6 seconds. Collect those."}, {"end": "00:26:03", "start": "00:25:58", "text": "I'll type in her again. Hopefully, we"}, {"end": "00:26:06", "start": "00:26:00", "text": "have enough to do our her."}, {"end": "00:26:08", "start": "00:26:03", "text": "Here we go. Looks like it."}, {"end": "00:26:11", "start": "00:26:06", "text": "27 minutes to do the her. It costs uh"}, {"end": "00:26:13", "start": "00:26:08", "text": "what does it cost? 50 Atlas to make it."}, {"end": "00:26:14", "start": "00:26:11", "text": "We have plenty of Atlas. Um, yeah, it"}, {"end": "00:26:16", "start": "00:26:13", "text": "just takes a little bit of time. So,"}, {"end": "00:26:17", "start": "00:26:14", "text": "yeah, I'll check you guys back in a"}, {"end": "00:26:18", "start": "00:26:16", "text": "little bit. Half hour for me, no time"}, {"end": "00:26:21", "start": "00:26:17", "text": "for you guys."}, {"end": "00:26:23", "start": "00:26:18", "text": ">> Later that night."}, {"end": "00:26:27", "start": "00:26:21", "text": ">> All right, my her is done. We are going"}, {"end": "00:26:29", "start": "00:26:23", "text": "to collect completed items."}, {"end": "00:26:31", "start": "00:26:27", "text": "See right here that it has registered."}, {"end": "00:26:34", "start": "00:26:29", "text": "So,"}, {"end": "00:26:39", "start": "00:26:31", "text": "all right, claim reward"}, {"end": "00:26:41", "start": "00:26:34", "text": "170,000 XP plus 51. So, we got a little"}, {"end": "00:26:42", "start": "00:26:39", "text": "bit of our Atlas back or we got all of"}, {"end": "00:26:45", "start": "00:26:41", "text": "our Atlas back, right? And we got two"}, {"end": "00:26:46", "start": "00:26:42", "text": "crew members. No way. Now, I see this"}, {"end": "00:26:48", "start": "00:26:45", "text": "blinker right here. I can go to the"}, {"end": "00:26:49", "start": "00:26:46", "text": "daily, too. And"}, {"end": "00:26:51", "start": "00:26:48", "text": ">> 801."}, {"end": "00:26:54", "start": "00:26:49", "text": ">> And we can report for duty. I'm going to"}, {"end": "00:26:57", "start": "00:26:51", "text": "get 50 more XP, 21 crew members, and"}, {"end": "00:27:00", "start": "00:26:54", "text": "another 100 Atlas. That's pretty sweet"}, {"end": "00:27:03", "start": "00:26:57", "text": "because it's um it's it just passed the"}, {"end": "00:27:06", "start": "00:27:00", "text": "uh 8:00 my time, but just past the uh"}, {"end": "00:27:09", "start": "00:27:03", "text": "the full day on UTC time. And so now"}, {"end": "00:27:12", "start": "00:27:06", "text": "let's go back to the story line here."}, {"end": "00:27:14", "start": "00:27:09", "text": "Expand the details. And um we got"}, {"end": "00:27:15", "start": "00:27:12", "text": "another one right here. And it looks"}, {"end": "00:27:17", "start": "00:27:14", "text": "like I'm going to have to craft a whole"}, {"end": "00:27:20", "start": "00:27:15", "text": "bunch of stuff. Um so let me get the"}, {"end": "00:27:22", "start": "00:27:17", "text": "crafting going. So what do we have to do"}, {"end": "00:27:25", "start": "00:27:20", "text": "first? Craft fuel. We have to craft"}, {"end": "00:27:27", "start": "00:27:22", "text": "200,000 fuel. Okay, I should have that"}, {"end": "00:27:30", "start": "00:27:25", "text": "for sure. So let's go to crafting. Look"}, {"end": "00:27:33", "start": "00:27:27", "text": "like it'll take me 13 minutes with my"}, {"end": "00:27:34", "start": "00:27:30", "text": "239 crew members I now have. All right,"}, {"end": "00:27:37", "start": "00:27:33", "text": "so that's going away. And let's read"}, {"end": "00:27:40", "start": "00:27:34", "text": "what this mission is all about. Sage's"}, {"end": "00:27:42", "start": "00:27:37", "text": "voice reaches um with a softness you're"}, {"end": "00:27:43", "start": "00:27:40", "text": "not used to. She stands at your side,"}, {"end": "00:27:45", "start": "00:27:42", "text": "arms crossed, scanning the hanger,"}, {"end": "00:27:48", "start": "00:27:43", "text": "filled with music, laughter, and"}, {"end": "00:27:50", "start": "00:27:45", "text": "clinking glasses. You catch a hint of"}, {"end": "00:27:53", "start": "00:27:48", "text": "reluctant humility in her expression. I"}, {"end": "00:27:55", "start": "00:27:50", "text": "was wrong, she admits. And I am on"}, {"end": "00:27:58", "start": "00:27:53", "text": "occasion capable of acknowledging the"}, {"end": "00:28:00", "start": "00:27:55", "text": "statistical insignificant chance that I"}, {"end": "00:28:03", "start": "00:27:58", "text": "might make a mistake. You turn towards"}, {"end": "00:28:05", "start": "00:28:00", "text": "her, eyebrow raised. Burton was true to"}, {"end": "00:28:07", "start": "00:28:03", "text": "his word. She continues, folding her"}, {"end": "00:28:10", "start": "00:28:05", "text": "arms tighter. And though it defies all"}, {"end": "00:28:12", "start": "00:28:07", "text": "my predictive modu models, he appears to"}, {"end": "00:28:15", "start": "00:28:10", "text": "be a decent person. You let her words"}, {"end": "00:28:16", "start": "00:28:12", "text": "settle as you look out across the"}, {"end": "00:28:18", "start": "00:28:15", "text": "celebration. Your crew is feasting,"}, {"end": "00:28:21", "start": "00:28:16", "text": "toasting side by side with fimble"}, {"end": "00:28:24", "start": "00:28:18", "text": "engineers, and even the Zang gang"}, {"end": "00:28:27", "start": "00:28:21", "text": "enforcers who just hours ago nearly lit"}, {"end": "00:28:28", "start": "00:28:24", "text": "the whole hanger on fire. My ooster ster"}, {"end": "00:28:30", "start": "00:28:27", "text": "mud punob sagged me and all breaking"}, {"end": "00:28:33", "start": "00:28:28", "text": "bread together beneath flickering"}, {"end": "00:28:34", "start": "00:28:30", "text": "banners of the council of peace. For the"}, {"end": "00:28:36", "start": "00:28:33", "text": "first time in a long time this feels"}, {"end": "00:28:39", "start": "00:28:34", "text": "what the galaxy could be. You step"}, {"end": "00:28:41", "start": "00:28:36", "text": "closer to Sage smiling. So I've been"}, {"end": "00:28:44", "start": "00:28:39", "text": "thinking you say voice lowered. The"}, {"end": "00:28:47", "start": "00:28:41", "text": "mission cost us oh the mission cost us a"}, {"end": "00:28:49", "start": "00:28:44", "text": "lot. If we're serious about finding"}, {"end": "00:28:51", "start": "00:28:47", "text": "small class ships or fielding small"}, {"end": "00:28:54", "start": "00:28:49", "text": "class ships we'll need more R4 fuel,"}, {"end": "00:28:56", "start": "00:28:51", "text": "ammo, food, all of it. She tilt her head"}, {"end": "00:28:58", "start": "00:28:54", "text": "slightly impressed. Precisely, Captain."}, {"end": "00:29:01", "start": "00:28:56", "text": "You're staring. You're starting to think"}, {"end": "00:29:03", "start": "00:28:58", "text": "like a strategist. Strategist. Based on"}, {"end": "00:29:05", "start": "00:29:01", "text": "current reserves and expansion goals,"}, {"end": "00:29:08", "start": "00:29:03", "text": "I'd recommend a stockpiling target of"}, {"end": "00:29:12", "start": "00:29:05", "text": "200,000 units of fuel, 50,000 um of"}, {"end": "00:29:14", "start": "00:29:08", "text": "ammunition, and 50,000 of food."}, {"end": "00:29:18", "start": "00:29:12", "text": "Then her voice lowers a notch. More"}, {"end": "00:29:20", "start": "00:29:14", "text": "human, more knowing. But I also suggest"}, {"end": "00:29:23", "start": "00:29:18", "text": "something more urgent. Rest. You've"}, {"end": "00:29:26", "start": "00:29:20", "text": "earned it. You nod about to reply when"}, {"end": "00:29:29", "start": "00:29:23", "text": "the crowd parts. Verton strides through"}, {"end": "00:29:31", "start": "00:29:26", "text": "the celebration, his gold trimmed coat"}, {"end": "00:29:33", "start": "00:29:29", "text": "unbuttoned, carrying two heavy bottles"}, {"end": "00:29:35", "start": "00:29:31", "text": "of something glowing deep amber. The"}, {"end": "00:29:39", "start": "00:29:33", "text": "seal etched across the glass is"}, {"end": "00:29:42", "start": "00:29:35", "text": "unmistakable. Somian vow, you say aloud."}, {"end": "00:29:44", "start": "00:29:39", "text": "Uh, Verton grins. Carp captain. Let's"}, {"end": "00:29:46", "start": "00:29:42", "text": "celebrate what we've built. The work of"}, {"end": "00:29:48", "start": "00:29:44", "text": "tomorrow will wait. You glance at Sage"}, {"end": "00:29:51", "start": "00:29:46", "text": "expecting a lecture, but instead she"}, {"end": "00:29:53", "start": "00:29:48", "text": "simply ex exhales and says, \"For the"}, {"end": "00:29:55", "start": "00:29:51", "text": "record, I am not designed to condone"}, {"end": "00:29:58", "start": "00:29:53", "text": "alcohol consumption, but I must admit"}, {"end": "00:30:00", "start": "00:29:55", "text": "this seems like a statistically sound"}, {"end": "00:30:02", "start": "00:29:58", "text": "exception.\" You reach out, take one of"}, {"end": "00:30:04", "start": "00:30:00", "text": "the bottles from Verton's hand, and"}, {"end": "00:30:06", "start": "00:30:02", "text": "raise it towards the ceiling of the"}, {"end": "00:30:08", "start": "00:30:04", "text": "hanger. \"Peace to peace,\" you say. The"}, {"end": "00:30:11", "start": "00:30:06", "text": "crew erupts in cheers, and for the"}, {"end": "00:30:13", "start": "00:30:08", "text": "moment, the stars feel a little closer."}, {"end": "00:30:16", "start": "00:30:11", "text": "All right. So, I got to get um all that"}, {"end": "00:30:18", "start": "00:30:13", "text": "crafted and I'll be back in a little"}, {"end": "00:30:21", "start": "00:30:16", "text": "while once all that stuff is crafted. Um"}, {"end": "00:30:23", "start": "00:30:18", "text": "let's see. I can What I can do is I can"}, {"end": "00:30:25", "start": "00:30:21", "text": "go to my hanger. I can put my crew"}, {"end": "00:30:28", "start": "00:30:23", "text": "members back into Fat Albert plus the"}, {"end": "00:30:29", "start": "00:30:25", "text": "extra two and uh maybe bring them back"}, {"end": "00:30:30", "start": "00:30:28", "text": "to Nuno so I have all my crafters in one"}, {"end": "00:30:32", "start": "00:30:29", "text": "place. I'm not sure if I really need"}, {"end": "00:30:33", "start": "00:30:30", "text": "them over there in CA Kamik. I could"}, {"end": "00:30:34", "start": "00:30:32", "text": "always bring them back. So, what I'm"}, {"end": "00:30:36", "start": "00:30:33", "text": "going to do is I'm going to go to"}, {"end": "00:30:38", "start": "00:30:34", "text": "passengers and I'm going to put Oh,"}, {"end": "00:30:40", "start": "00:30:36", "text": "wait. I can't put the passengers cuz"}, {"end": "00:30:43", "start": "00:30:38", "text": "they're still crafting, aren't they? So,"}, {"end": "00:30:46", "start": "00:30:40", "text": "let's go over to the current jobs and"}, {"end": "00:30:48", "start": "00:30:43", "text": "upgrades. And oh my goodness, man. We"}, {"end": "00:30:50", "start": "00:30:46", "text": "still got framework being upgraded, but"}, {"end": "00:30:52", "start": "00:30:48", "text": "I can collect these guys. Right. There"}, {"end": "00:30:54", "start": "00:30:50", "text": "we go. And I could put Fat Albert back"}, {"end": "00:30:57", "start": "00:30:52", "text": "to work cuz I have my four crew members"}, {"end": "00:31:00", "start": "00:30:54", "text": "back for him. So, let's go to fleets."}, {"end": "00:31:03", "start": "00:30:57", "text": "We'll go to Fat Albert"}, {"end": "00:31:05", "start": "00:31:00", "text": "in the hanger. Add the at least the four"}, {"end": "00:31:08", "start": "00:31:03", "text": "that he needs right now. All right. So,"}, {"end": "00:31:10", "start": "00:31:05", "text": "they're back in. I can hit undock. And"}, {"end": "00:31:11", "start": "00:31:08", "text": "now I can get him rolling again. He"}, {"end": "00:31:14", "start": "00:31:10", "text": "happened to be crafting silica right"}, {"end": "00:31:16", "start": "00:31:11", "text": "from this actual same place. So um so"}, {"end": "00:31:18", "start": "00:31:14", "text": "he's in Kamk anyway. That was his uh you"}, {"end": "00:31:19", "start": "00:31:16", "text": "know the place that he was assigned. So"}, {"end": "00:31:21", "start": "00:31:18", "text": "I'll get him rolling and I'll see you"}, {"end": "00:31:22", "start": "00:31:19", "text": "guys back after I craft all those"}, {"end": "00:31:24", "start": "00:31:21", "text": "resources"}, {"end": "00:31:26", "start": "00:31:22", "text": ">> soon after."}, {"end": "00:31:28", "start": "00:31:24", "text": ">> All right, man. So it looks like I"}, {"end": "00:31:30", "start": "00:31:26", "text": "finished the mission right here. I"}, {"end": "00:31:34", "start": "00:31:28", "text": "crafted everything they wanted me to"}, {"end": "00:31:38", "start": "00:31:30", "text": "craft. Where is it? So complete quest."}, {"end": "00:31:41", "start": "00:31:34", "text": "Nice. 165,000 XP and 64 atlas. All"}, {"end": "00:31:44", "start": "00:31:38", "text": "right, next one. Set a buy order for"}, {"end": "00:31:47", "start": "00:31:41", "text": "fuel 10,000. So, help foster the medium"}, {"end": "00:31:49", "start": "00:31:44", "text": "zone um economy by placing a um buy"}, {"end": "00:31:51", "start": "00:31:47", "text": "order for 10,000 units of fuel, 10,000"}, {"end": "00:31:55", "start": "00:31:49", "text": "units of ammunition, and 10,000 units of"}, {"end": "00:31:56", "start": "00:31:51", "text": "food. Here we go. The morning air inside"}, {"end": "00:31:58", "start": "00:31:55", "text": "the star base feels lighter, almost"}, {"end": "00:32:01", "start": "00:31:56", "text": "fresh, despite being recycled through"}, {"end": "00:32:03", "start": "00:31:58", "text": "layers of filtration systems and steel"}, {"end": "00:32:05", "start": "00:32:01", "text": "ducks to wake with a surprising clarity."}, {"end": "00:32:07", "start": "00:32:03", "text": "The heaviness of the last mission"}, {"end": "00:32:10", "start": "00:32:05", "text": "seemingly lifted. Maybe it was the"}, {"end": "00:32:12", "start": "00:32:07", "text": "sobian vow. Maybe the rare taste of"}, {"end": "00:32:15", "start": "00:32:10", "text": "victory. Either way, your body thanks"}, {"end": "00:32:16", "start": "00:32:12", "text": "you. When you arrive at the hanger, you"}, {"end": "00:32:18", "start": "00:32:15", "text": "find the place humming with activity."}, {"end": "00:32:21", "start": "00:32:16", "text": "Crew members move briskly between"}, {"end": "00:32:23", "start": "00:32:18", "text": "terminals and cargo pallets. Engineers"}, {"end": "00:32:25", "start": "00:32:21", "text": "you don't even recognize are working"}, {"end": "00:32:27", "start": "00:32:23", "text": "shoulderto-shoulder with your own team."}, {"end": "00:32:29", "start": "00:32:25", "text": "The energy here has changed since your"}, {"end": "00:32:32", "start": "00:32:27", "text": "fleet began operations. The station has"}, {"end": "00:32:34", "start": "00:32:29", "text": "come alive. And then the idea hits you."}, {"end": "00:32:36", "start": "00:32:32", "text": "If you're serious about pushing your"}, {"end": "00:32:38", "start": "00:32:34", "text": "faction ahead in the in this scenario,"}, {"end": "00:32:41", "start": "00:32:36", "text": "if you're going to help them win this"}, {"end": "00:32:43", "start": "00:32:38", "text": "competition, this place needs more than"}, {"end": "00:32:45", "start": "00:32:41", "text": "ships and missions. It needs life,"}, {"end": "00:32:47", "start": "00:32:43", "text": "trade, logistics, momentum. You need to"}, {"end": "00:32:49", "start": "00:32:45", "text": "turn the star base into a beacon. You"}, {"end": "00:32:52", "start": "00:32:47", "text": "find Sage waiting for you near the upper"}, {"end": "00:32:55", "start": "00:32:49", "text": "catwalk. Her usual calm presence offset"}, {"end": "00:32:58", "start": "00:32:52", "text": "only by the steaming cup in her hand."}, {"end": "00:32:59", "start": "00:32:55", "text": "Kofi, she asks. Darkcore roasters."}, {"end": "00:33:02", "start": "00:32:58", "text": "That's awesome. She replies, offering"}, {"end": "00:33:05", "start": "00:32:59", "text": "the mug your preferred manufacturer. I"}, {"end": "00:33:07", "start": "00:33:02", "text": "hacked a cargo man manifest to um"}, {"end": "00:33:10", "start": "00:33:05", "text": "expedite the um requisition process."}, {"end": "00:33:13", "start": "00:33:07", "text": "Consider it a moral investment. You"}, {"end": "00:33:15", "start": "00:33:10", "text": "accept it, take a grateful sip, then"}, {"end": "00:33:18", "start": "00:33:13", "text": "share your thoughts about trade, about"}, {"end": "00:33:20", "start": "00:33:15", "text": "building um economic activity here,"}, {"end": "00:33:22", "start": "00:33:18", "text": "about drawing merchants and independent"}, {"end": "00:33:25", "start": "00:33:20", "text": "haulers to support your fleet's growing"}, {"end": "00:33:27", "start": "00:33:22", "text": "ambition. She nods, eyes narrowing in"}, {"end": "00:33:30", "start": "00:33:25", "text": "thought. That's sound that that's a"}, {"end": "00:33:32", "start": "00:33:27", "text": "sound idea, Captain. Market simulation"}, {"end": "00:33:34", "start": "00:33:30", "text": "will attract traffic, and traffic"}, {"end": "00:33:37", "start": "00:33:32", "text": "attracts opportunity. Let's start small."}, {"end": "00:33:39", "start": "00:33:34", "text": "Bids to buy 10,000 units each of fuel,"}, {"end": "00:33:41", "start": "00:33:37", "text": "ammunition, and food. That'll get the"}, {"end": "00:33:43", "start": "00:33:39", "text": "traders sniffing around. You grin. Set"}, {"end": "00:33:46", "start": "00:33:41", "text": "the orders. I'll work on fleet expansion"}, {"end": "00:33:47", "start": "00:33:43", "text": "plans. Already on it, she replies,"}, {"end": "00:33:49", "start": "00:33:46", "text": "walking towards the nearest terminal."}, {"end": "00:33:53", "start": "00:33:47", "text": "Let's turn this outpost into a beating"}, {"end": "00:33:55", "start": "00:33:49", "text": "heart of the medium zone to watch her go"}, {"end": "00:33:58", "start": "00:33:53", "text": "to warm the warm cup still in your hand"}, {"end": "00:34:00", "start": "00:33:55", "text": "and wonder just how far you can take"}, {"end": "00:34:03", "start": "00:33:58", "text": "this station and your crew. All right,"}, {"end": "00:34:06", "start": "00:34:00", "text": "so it says set a buy order for fuel. And"}, {"end": "00:34:09", "start": "00:34:03", "text": "we are still working out of kamik. So,"}, {"end": "00:34:13", "start": "00:34:06", "text": "we're going to go to the market and"}, {"end": "00:34:16", "start": "00:34:09", "text": "let's see. We went to So, fuel is going"}, {"end": "00:34:20", "start": "00:34:13", "text": "for 000075,"}, {"end": "00:34:23", "start": "00:34:16", "text": "right? Um, so create an order. Um, let's"}, {"end": "00:34:28", "start": "00:34:20", "text": "create an order for fuel."}, {"end": "00:34:28", "start": "00:34:23", "text": "So, the quantity we need 10,000, right?"}, {"end": "00:34:33", "start": "00:34:29", "text": "0.75"}, {"end": "00:34:37", "start": "00:34:31", "text": "is the fair price here. A whole whopping"}, {"end": "00:34:40", "start": "00:34:33", "text": "7.5 atlas. So, we'll place a buy order."}, {"end": "00:34:41", "start": "00:34:37", "text": "And that that was that. So, that's"}, {"end": "00:34:43", "start": "00:34:40", "text": "great. I'll check in. So, I'm going to"}, {"end": "00:34:44", "start": "00:34:41", "text": "do this for the other two and hopefully"}, {"end": "00:34:47", "start": "00:34:43", "text": "we finish the mission."}, {"end": "00:34:50", "start": "00:34:44", "text": ">> 1 minute 37 seconds later."}, {"end": "00:34:54", "start": "00:34:47", "text": ">> All right. I did my all my buy orders"}, {"end": "00:34:56", "start": "00:34:50", "text": "and now I can complete the quest. Nice."}, {"end": "00:34:58", "start": "00:34:54", "text": "Now, I was kind of pre-ereading. This is"}, {"end": "00:35:01", "start": "00:34:56", "text": "kind of a big one right here. Um, it"}, {"end": "00:35:02", "start": "00:34:58", "text": "says craft f five fimble um airbikes."}, {"end": "00:35:04", "start": "00:35:01", "text": "But look what else I have to I have to"}, {"end": "00:35:08", "start": "00:35:02", "text": "craft. craft five fimble airbikes, 20"}, {"end": "00:35:10", "start": "00:35:04", "text": "fimble lobies, and 10 fimble bios herps."}, {"end": "00:35:14", "start": "00:35:08", "text": "Um, but I get, what do I get? I get"}, {"end": "00:35:16", "start": "00:35:10", "text": "230,000 XP, 65 atlas, and 30 crew"}, {"end": "00:35:20", "start": "00:35:14", "text": "members, which is awesome. So, I'm going"}, {"end": "00:35:21", "start": "00:35:16", "text": "to work on that. Um, I am going out to"}, {"end": "00:35:23", "start": "00:35:20", "text": "see fireworks cuz it's the 4th of July."}, {"end": "00:35:25", "start": "00:35:21", "text": "So, I will read this tomorrow and do all"}, {"end": "00:35:27", "start": "00:35:23", "text": "that crafting. And, uh, yeah, it'll just"}, {"end": "00:35:29", "start": "00:35:25", "text": "be a blink of the eye for you guys. So,"}, {"end": "00:35:31", "start": "00:35:27", "text": "I'll talk to you guys in a bit"}, {"end": "00:35:33", "start": "00:35:29", "text": ">> tomorrow for sure."}, {"end": "00:35:35", "start": "00:35:31", "text": ">> All right. So, I actually finished the"}, {"end": "00:35:36", "start": "00:35:33", "text": "mission and actually claimed the rewards"}, {"end": "00:35:37", "start": "00:35:35", "text": "last night. It was kind of late and I"}, {"end": "00:35:39", "start": "00:35:36", "text": "didn't really want to um record the"}, {"end": "00:35:40", "start": "00:35:37", "text": "video, but uh I was antsy to get my new"}, {"end": "00:35:42", "start": "00:35:39", "text": "crew members. But, let's read through"}, {"end": "00:35:44", "start": "00:35:40", "text": "the mission right here. It says, \"After"}, {"end": "00:35:46", "start": "00:35:42", "text": "countless hours of analysis, modeling.\""}, {"end": "00:35:48", "start": "00:35:44", "text": "All right, guys. I'm going to cut this"}, {"end": "00:35:50", "start": "00:35:46", "text": "off right here just because um I'm going"}, {"end": "00:35:52", "start": "00:35:48", "text": "to read too long segments of lore. And I"}, {"end": "00:35:53", "start": "00:35:50", "text": "don't want to make this video, you know,"}, {"end": "00:35:55", "start": "00:35:52", "text": "too long and just lose you guys, you"}, {"end": "00:35:57", "start": "00:35:53", "text": "know. So, I'll, you know, hang tight and"}, {"end": "00:35:58", "start": "00:35:55", "text": "I'll have the next episode coming out"}, {"end": "00:36:00", "start": "00:35:57", "text": "real soon. Hopefully, I'll get to it um"}, {"end": "00:36:02", "start": "00:35:58", "text": "this upcoming um weekend at the time of"}, {"end": "00:36:03", "start": "00:36:00", "text": "making this video. Um, did you catch the"}, {"end": "00:36:07", "start": "00:36:02", "text": "fact that I recorded this all the way"}, {"end": "00:36:09", "start": "00:36:03", "text": "back on July 4th and it is now the 23rd"}, {"end": "00:36:11", "start": "00:36:07", "text": "at the time of recording this? Um, so I"}, {"end": "00:36:13", "start": "00:36:09", "text": "have that much footage to uh put out. So"}, {"end": "00:36:14", "start": "00:36:11", "text": "hang tight, man. It's coming. I'll talk"}, {"end": "00:36:15", "start": "00:36:13", "text": "to you guys later. Thanks all for"}, {"end": "00:36:17", "start": "00:36:14", "text": "watching. Make sure you're subscribed."}, {"end": "00:36:18", "start": "00:36:15", "text": "Make sure you hit the like button if you"}, {"end": "00:36:22", "start": "00:36:17", "text": "enjoy this. I'll see you guys in the"}, {"end": "00:36:22", "start": "00:36:18", "text": "next one. later."}, {"end": "00:36:36", "start": "00:36:33", "text": "Heat."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up captains and cadetses?"}, {"end": "00:00:06", "start": "00:00:02", "text": "Man, I've been having a blast playing"}, {"end": "00:00:08", "start": "00:00:04", "text": "Hollow Sim. I can't believe how"}, {"end": "00:00:10", "start": "00:00:06", "text": "addictive and how much fun this game is."}, {"end": "00:00:11", "start": "00:00:08", "text": "And in this episode of Beyond the"}, {"end": "00:00:13", "start": "00:00:10", "text": "Horizon, what we're going to do is we're"}, {"end": "00:00:16", "start": "00:00:11", "text": "going to do a playthrough of the story"}, {"end": "00:00:20", "start": "00:00:13", "text": "line quest. So sit tight and follow"}, {"end": "00:00:20", "start": "00:00:16", "text": "along. Let's go. Wow."}, {"end": "00:00:36", "start": "00:00:31", "text": "Yo, what's up muds, Onies, oosters,"}, {"end": "00:00:38", "start": "00:00:33", "text": "anyone that's new to Star Atlas. Um, if"}, {"end": "00:00:40", "start": "00:00:36", "text": "you are new to Hollowos, what this is is"}, {"end": "00:00:41", "start": "00:00:38", "text": "the browserbased game that Star Atlas"}, {"end": "00:00:43", "start": "00:00:40", "text": "put out and you can play for absolutely"}, {"end": "00:00:45", "start": "00:00:41", "text": "for free. You don't have to buy a single"}, {"end": "00:00:47", "start": "00:00:43", "text": "thing, purchase anything to play. You"}, {"end": "00:00:49", "start": "00:00:45", "text": "just like log in and start following"}, {"end": "00:00:50", "start": "00:00:47", "text": "along in the tutorial. It'll teach you"}, {"end": "00:00:52", "start": "00:00:49", "text": "how to play. And if you have any"}, {"end": "00:00:54", "start": "00:00:50", "text": "questions about the tutorial, I have two"}, {"end": "00:00:56", "start": "00:00:52", "text": "videos that I already put out um walking"}, {"end": "00:00:58", "start": "00:00:54", "text": "through how that tutorial works and you"}, {"end": "00:01:00", "start": "00:00:56", "text": "know, getting yourself started within"}, {"end": "00:01:02", "start": "00:00:58", "text": "the game. Um what we're going to do now"}, {"end": "00:01:03", "start": "00:01:00", "text": "is we're going to go to quests and we're"}, {"end": "00:01:05", "start": "00:01:02", "text": "going to go through the whole storyline"}, {"end": "00:01:08", "start": "00:01:03", "text": "quest. Um as you can see, I've completed"}, {"end": "00:01:09", "start": "00:01:05", "text": "a lot, but when we start this video, I"}, {"end": "00:01:13", "start": "00:01:08", "text": "was brand new to the storyline quest."}, {"end": "00:01:15", "start": "00:01:09", "text": "I'm also on level 43 and jeez, I'm in"}, {"end": "00:01:17", "start": "00:01:13", "text": "the 200s or 300s or something, 400s. I"}, {"end": "00:01:19", "start": "00:01:15", "text": "don't even remember where I was when I"}, {"end": "00:01:21", "start": "00:01:17", "text": "actually started recording this cuz it"}, {"end": "00:01:22", "start": "00:01:19", "text": "was like weeks ago. So, ah man, I have"}, {"end": "00:01:23", "start": "00:01:21", "text": "weeks and weeks of footage to put out."}, {"end": "00:01:26", "start": "00:01:22", "text": "So, this is going to be part one of a"}, {"end": "00:01:27", "start": "00:01:23", "text": "multiple part series um with the you"}, {"end": "00:01:29", "start": "00:01:26", "text": "know doing the whole entire walkthrough"}, {"end": "00:01:32", "start": "00:01:27", "text": "of the storyline quests. Um and what"}, {"end": "00:01:33", "start": "00:01:29", "text": "we're doing is this is only season one"}, {"end": "00:01:35", "start": "00:01:32", "text": "of Hollowosim. The team already has"}, {"end": "00:01:37", "start": "00:01:33", "text": "multiple seasons planned out it seems."}, {"end": "00:01:38", "start": "00:01:35", "text": "And uh just to show you this um what"}, {"end": "00:01:40", "start": "00:01:37", "text": "we're going to do is we're going to take"}, {"end": "00:01:41", "start": "00:01:38", "text": "uh listen to a quick little segment from"}, {"end": "00:01:43", "start": "00:01:40", "text": "the Atlas Brew from a few weeks ago um"}, {"end": "00:01:46", "start": "00:01:41", "text": "at the time of recording this um where"}, {"end": "00:01:48", "start": "00:01:43", "text": "they're talking about um how this is"}, {"end": "00:01:49", "start": "00:01:46", "text": "Hollow Sim season 1. And what this"}, {"end": "00:01:51", "start": "00:01:48", "text": "really is is just the beta of the game."}, {"end": "00:01:52", "start": "00:01:49", "text": "It's like the testing phase of the game"}, {"end": "00:01:54", "start": "00:01:51", "text": "to see if this all works because this"}, {"end": "00:01:57", "start": "00:01:52", "text": "game even though it's free to play is"}, {"end": "00:02:00", "start": "00:01:54", "text": "actually on a clone of the Salana"}, {"end": "00:02:02", "start": "00:01:57", "text": "blockchain which is so cool. And um even"}, {"end": "00:02:04", "start": "00:02:00", "text": "the money that we're using is a clone of"}, {"end": "00:02:07", "start": "00:02:02", "text": "our Atlas u of our normal atlas for Star"}, {"end": "00:02:08", "start": "00:02:04", "text": "Atlas and it's called Z Atlas. Um with"}, {"end": "00:02:10", "start": "00:02:07", "text": "that said, let's listen to the guys talk"}, {"end": "00:02:12", "start": "00:02:08", "text": "and I'll discuss a little bit more uh"}, {"end": "00:02:13", "start": "00:02:10", "text": "about you know my thoughts."}, {"end": "00:02:14", "start": "00:02:12", "text": "How are things in holos just there right"}, {"end": "00:02:18", "start": "00:02:13", "text": "now as well?"}, {"end": "00:02:21", "start": "00:02:14", "text": "Man, holy holy has been pure chaos. Like"}, {"end": "00:02:24", "start": "00:02:18", "text": "for real I have been watching today the"}, {"end": "00:02:26", "start": "00:02:21", "text": "worster fleet pretty much wipe the floor"}, {"end": "00:02:28", "start": "00:02:24", "text": "with the other factions. Holmes as you"}, {"end": "00:02:30", "start": "00:02:26", "text": "can see holos is on fire. We are we are"}, {"end": "00:02:33", "start": "00:02:28", "text": "having fun there. Uh I feel like we are"}, {"end": "00:02:35", "start": "00:02:30", "text": "reaching a very good spot with holos and"}, {"end": "00:02:37", "start": "00:02:33", "text": "it's we are getting close to the point"}, {"end": "00:02:40", "start": "00:02:35", "text": "where we are going to close this test"}, {"end": "00:02:41", "start": "00:02:37", "text": "for now. So keep playing guys, keep"}, {"end": "00:02:44", "start": "00:02:40", "text": "breaking stuff. The results have been"}, {"end": "00:02:45", "start": "00:02:41", "text": "super positive. You guys have been doing"}, {"end": "00:02:48", "start": "00:02:44", "text": "a lot of good work there. I'm super"}, {"end": "00:02:50", "start": "00:02:45", "text": "proud of you guys. And the new seasons,"}, {"end": "00:02:52", "start": "00:02:48", "text": "the new chapters of Hall are going to be"}, {"end": "00:02:53", "start": "00:02:50", "text": "wild. Get ready. Yeah, it's super"}, {"end": "00:02:54", "start": "00:02:52", "text": "interesting actually to see the the"}, {"end": "00:02:57", "start": "00:02:53", "text": "three factions rising and being"}, {"end": "00:02:58", "start": "00:02:54", "text": "competitive with one another and beef"}, {"end": "00:03:01", "start": "00:02:57", "text": "starting to rise and tensions in the air"}, {"end": "00:03:02", "start": "00:02:58", "text": "and promises of pain and revenge. That's"}, {"end": "00:03:03", "start": "00:03:01", "text": "what Halloween is about. I'm proud of"}, {"end": "00:03:05", "start": "00:03:02", "text": "everyone involved."}, {"end": "00:03:07", "start": "00:03:03", "text": "Yeah. Yeah. And it's about to get even"}, {"end": "00:03:09", "start": "00:03:05", "text": "better with the next season, but we"}, {"end": "00:03:11", "start": "00:03:07", "text": "won't say we won't say anything yet. We"}, {"end": "00:03:12", "start": "00:03:09", "text": "won't say anything yet."}, {"end": "00:03:13", "start": "00:03:11", "text": "All right. So, when I first actually"}, {"end": "00:03:15", "start": "00:03:12", "text": "heard that, I was a little worried. I"}, {"end": "00:03:16", "start": "00:03:13", "text": "was like, \"Oh my gosh, wait. Is Hollow"}, {"end": "00:03:17", "start": "00:03:15", "text": "Sim about to end? should I even put out"}, {"end": "00:03:18", "start": "00:03:16", "text": "these videos cuz I'm not going to be"}, {"end": "00:03:20", "start": "00:03:17", "text": "able to uh you know finish my whole"}, {"end": "00:03:23", "start": "00:03:18", "text": "entire recording and playthrough of the"}, {"end": "00:03:26", "start": "00:03:20", "text": "story line. And I reached out um to Jose"}, {"end": "00:03:27", "start": "00:03:23", "text": "and um he answered me back and said"}, {"end": "00:03:29", "start": "00:03:26", "text": "there is still plenty of time to play"}, {"end": "00:03:31", "start": "00:03:27", "text": "Hollow Sim. So if you guys want to jump"}, {"end": "00:03:32", "start": "00:03:29", "text": "on in, go for it. There could be rewards"}, {"end": "00:03:34", "start": "00:03:31", "text": "for actually testing out the beta and"}, {"end": "00:03:35", "start": "00:03:32", "text": "helping break things as they fix things"}, {"end": "00:03:36", "start": "00:03:34", "text": "so they can make this game better and"}, {"end": "00:03:39", "start": "00:03:35", "text": "better and better. So it might be worth"}, {"end": "00:03:41", "start": "00:03:36", "text": "you playing if you are uh watching this"}, {"end": "00:03:43", "start": "00:03:39", "text": "um shortly after I release these videos."}, {"end": "00:03:44", "start": "00:03:41", "text": "Um but the you know one of the biggest"}, {"end": "00:03:47", "start": "00:03:43", "text": "reasons that I want to put all these out"}, {"end": "00:03:48", "start": "00:03:44", "text": "is for posterity sake. You know people"}, {"end": "00:03:50", "start": "00:03:47", "text": "especially if hollow sim takes off"}, {"end": "00:03:51", "start": "00:03:48", "text": "people might you know kind of want to"}, {"end": "00:03:54", "start": "00:03:50", "text": "want to know where it all started and"}, {"end": "00:03:56", "start": "00:03:51", "text": "what the story line actually was. Um and"}, {"end": "00:03:58", "start": "00:03:54", "text": "with that said um I am going to be"}, {"end": "00:04:01", "start": "00:03:56", "text": "playing the story line. There's actually"}, {"end": "00:04:02", "start": "00:03:58", "text": "a um an AI bot um called Sage that"}, {"end": "00:04:04", "start": "00:04:01", "text": "actually reads the story line. And"}, {"end": "00:04:06", "start": "00:04:02", "text": "eventually she only does so many"}, {"end": "00:04:08", "start": "00:04:04", "text": "actually uh quests and then eventually I"}, {"end": "00:04:10", "start": "00:04:06", "text": "start reading um the story line as"}, {"end": "00:04:12", "start": "00:04:08", "text": "they'll probably be in part two and part"}, {"end": "00:04:13", "start": "00:04:10", "text": "three. um I start reading them myself,"}, {"end": "00:04:14", "start": "00:04:12", "text": "but I really think you guys should"}, {"end": "00:04:15", "start": "00:04:13", "text": "listen to the story line because the"}, {"end": "00:04:16", "start": "00:04:14", "text": "story is really, really good. And I'm"}, {"end": "00:04:18", "start": "00:04:15", "text": "sure a lot of you guys out there"}, {"end": "00:04:19", "start": "00:04:16", "text": "actually played Hollow Sim and kind of"}, {"end": "00:04:20", "start": "00:04:18", "text": "never even read the story, you know,"}, {"end": "00:04:21", "start": "00:04:19", "text": "just, you know, you're so hyped to"}, {"end": "00:04:23", "start": "00:04:20", "text": "actually like do the quest that you"}, {"end": "00:04:25", "start": "00:04:21", "text": "actually didn't read anything. So, man,"}, {"end": "00:04:27", "start": "00:04:23", "text": "this is a good chance to follow along"}, {"end": "00:04:28", "start": "00:04:25", "text": "and read the story. If you know, if for"}, {"end": "00:04:30", "start": "00:04:27", "text": "some reason it bores you or you know,"}, {"end": "00:04:31", "start": "00:04:28", "text": "you you just want to see like how to"}, {"end": "00:04:32", "start": "00:04:30", "text": "actually play, you could always like"}, {"end": "00:04:34", "start": "00:04:31", "text": "kind of skip through the storyline"}, {"end": "00:04:35", "start": "00:04:32", "text": "parts, but I do want to keep all that in"}, {"end": "00:04:38", "start": "00:04:34", "text": "even though it's a little lengthy just"}, {"end": "00:04:39", "start": "00:04:35", "text": "because again, posterity sake and I I"}, {"end": "00:04:40", "start": "00:04:38", "text": "really enjoy the story. I think it's a,"}, {"end": "00:04:42", "start": "00:04:39", "text": "you know, really adds a different"}, {"end": "00:04:44", "start": "00:04:40", "text": "dynamic to the game. So, with that said,"}, {"end": "00:04:47", "start": "00:04:42", "text": "let's jump on into it. Let's start"}, {"end": "00:04:49", "start": "00:04:44", "text": "playing season 1 storyline quest total"}, {"end": "00:04:50", "start": "00:04:47", "text": "playthrough walkthrough. And this is"}, {"end": "00:04:53", "start": "00:04:49", "text": "part one. Let's go."}, {"end": "00:04:55", "start": "00:04:50", "text": "8:01 p.m."}, {"end": "00:04:57", "start": "00:04:53", "text": "Yo, what's up, muds onies, anders, and"}, {"end": "00:05:00", "start": "00:04:55", "text": "anyone else that is new to Star Atlas."}, {"end": "00:05:02", "start": "00:04:57", "text": "This is my third episode on Hollow Sim"}, {"end": "00:05:04", "start": "00:05:00", "text": "I've created so far. And if you have not"}, {"end": "00:05:07", "start": "00:05:02", "text": "watched the first two, I started out"}, {"end": "00:05:09", "start": "00:05:04", "text": "making two on the tutorial quest line."}, {"end": "00:05:10", "start": "00:05:07", "text": "So, there's a bunch of different quests"}, {"end": "00:05:12", "start": "00:05:09", "text": "if you come on the right hand corner"}, {"end": "00:05:14", "start": "00:05:10", "text": "right here. And what I did is I went"}, {"end": "00:05:16", "start": "00:05:12", "text": "through the all the tutorial ones in my"}, {"end": "00:05:17", "start": "00:05:14", "text": "first two episodes. And so, if you're"}, {"end": "00:05:19", "start": "00:05:16", "text": "new to Hollowos, go check those two"}, {"end": "00:05:22", "start": "00:05:17", "text": "episodes out first and then come back to"}, {"end": "00:05:23", "start": "00:05:19", "text": "this one. Um, in this um this particular"}, {"end": "00:05:24", "start": "00:05:22", "text": "one, what I want to do is I want to go"}, {"end": "00:05:26", "start": "00:05:23", "text": "through the storyline quests. I've yet"}, {"end": "00:05:28", "start": "00:05:24", "text": "to actually start to go through those"}, {"end": "00:05:30", "start": "00:05:26", "text": "other than the very first one. And um"}, {"end": "00:05:31", "start": "00:05:28", "text": "there's a bunch of stuff that I think I"}, {"end": "00:05:33", "start": "00:05:30", "text": "can't do until I go through the"}, {"end": "00:05:35", "start": "00:05:31", "text": "storyline quests. So, I've been kind of"}, {"end": "00:05:37", "start": "00:05:33", "text": "chomping at the bit to get to them, but"}, {"end": "00:05:39", "start": "00:05:35", "text": "I just haven't had time to uh record a"}, {"end": "00:05:41", "start": "00:05:37", "text": "video. Speaking of not having time, boy,"}, {"end": "00:05:44", "start": "00:05:39", "text": "I wish since day one, I was actually"}, {"end": "00:05:46", "start": "00:05:41", "text": "doing the daily um the dailies right"}, {"end": "00:05:48", "start": "00:05:44", "text": "here. There's a quest for every single"}, {"end": "00:05:50", "start": "00:05:46", "text": "day. If you click on that daily quest,"}, {"end": "00:05:52", "start": "00:05:48", "text": "you get 100 Z Atlas, which is the"}, {"end": "00:05:55", "start": "00:05:50", "text": "currency for this game, and you get 21"}, {"end": "00:05:57", "start": "00:05:52", "text": "crew members. Um, had I been doing that,"}, {"end": "00:05:59", "start": "00:05:55", "text": "I would not be as bottlenecked as I am"}, {"end": "00:06:00", "start": "00:05:57", "text": "right now because I really need more"}, {"end": "00:06:02", "start": "00:05:59", "text": "crew members to make my crafting go"}, {"end": "00:06:04", "start": "00:06:00", "text": "faster now that I've actually been uh"}, {"end": "00:06:05", "start": "00:06:02", "text": "getting into the game a little bit more."}, {"end": "00:06:07", "start": "00:06:04", "text": "Um, you could see right here, look at"}, {"end": "00:06:09", "start": "00:06:05", "text": "all these fleets I have. Um, I've been"}, {"end": "00:06:12", "start": "00:06:07", "text": "going loby crazy. I've been um crafting"}, {"end": "00:06:15", "start": "00:06:09", "text": "a whole bunch of different lobies. Um,"}, {"end": "00:06:18", "start": "00:06:12", "text": "so first let's really fast go back just"}, {"end": "00:06:20", "start": "00:06:15", "text": "to um say that I've been playing on for"}, {"end": "00:06:22", "start": "00:06:18", "text": "um this um playthrough. I normally play"}, {"end": "00:06:24", "start": "00:06:20", "text": "Oster in my main star-based game, but I"}, {"end": "00:06:25", "start": "00:06:22", "text": "wanted to give Oni a shot since I've"}, {"end": "00:06:27", "start": "00:06:24", "text": "never played them, and I've done Mud a"}, {"end": "00:06:28", "start": "00:06:25", "text": "few times in some tutorials, but I've"}, {"end": "00:06:30", "start": "00:06:27", "text": "never actually played Oni, so I decided"}, {"end": "00:06:32", "start": "00:06:28", "text": "to go check out their um section of the"}, {"end": "00:06:34", "start": "00:06:30", "text": "map. I'm sorry to be a traitor to the"}, {"end": "00:06:36", "start": "00:06:32", "text": "Uster uh clan over there. But uh yeah, I"}, {"end": "00:06:38", "start": "00:06:34", "text": "figured I just want to see what what"}, {"end": "00:06:40", "start": "00:06:36", "text": "it's like on the uh on the whole, uh"}, {"end": "00:06:43", "start": "00:06:38", "text": "Ooni range over here. Oni range, I'm"}, {"end": "00:06:46", "start": "00:06:40", "text": "sorry. Um, so, um, if we go over to the"}, {"end": "00:06:48", "start": "00:06:43", "text": "Oni Central Space Station and we go over"}, {"end": "00:06:50", "start": "00:06:46", "text": "to crafting, um, boy, I've been"}, {"end": "00:06:52", "start": "00:06:48", "text": "collecting a whole bunch of different,"}, {"end": "00:06:54", "start": "00:06:50", "text": "um, things that I need to craft a whole"}, {"end": "00:06:56", "start": "00:06:52", "text": "bunch of different raw resources. And,"}, {"end": "00:06:58", "start": "00:06:54", "text": "uh, I just don't have enough crafters at"}, {"end": "00:07:00", "start": "00:06:56", "text": "the moment. So, for instance, I just did"}, {"end": "00:07:02", "start": "00:06:58", "text": "some crafting right here. We're going to"}, {"end": "00:07:04", "start": "00:07:00", "text": "collect all of those. Um, we go to craft"}, {"end": "00:07:06", "start": "00:07:02", "text": "workshop. You can see I have 147"}, {"end": "00:07:09", "start": "00:07:04", "text": "crafters, which seems like a lot, but"}, {"end": "00:07:12", "start": "00:07:06", "text": "it's not quite as much as I need because"}, {"end": "00:07:14", "start": "00:07:09", "text": "boy, um, let's look at our inventory"}, {"end": "00:07:16", "start": "00:07:12", "text": "right here. Like I have uh close to 3"}, {"end": "00:07:19", "start": "00:07:14", "text": "million hydrogen or yeah, hydrogen right"}, {"end": "00:07:22", "start": "00:07:16", "text": "here. And if I want to craft that into"}, {"end": "00:07:25", "start": "00:07:19", "text": "fuel, maybe um sell it. Um, let's see."}, {"end": "00:07:27", "start": "00:07:22", "text": "We'll go to fuel"}, {"end": "00:07:28", "start": "00:07:25", "text": "and we'll go to max. Oh, sometimes you"}, {"end": "00:07:31", "start": "00:07:27", "text": "have to double click on the fuel. Make"}, {"end": "00:07:34", "start": "00:07:28", "text": "sure that this area comes up. We hit max"}, {"end": "00:07:37", "start": "00:07:31", "text": "and we go to 147. Um it'll take 5 hours"}, {"end": "00:07:39", "start": "00:07:34", "text": "and 39 minutes, which is way faster than"}, {"end": "00:07:42", "start": "00:07:37", "text": "um what it would take in Starbased I"}, {"end": "00:07:44", "start": "00:07:39", "text": "feel like um for only 147 crafters, but"}, {"end": "00:07:45", "start": "00:07:42", "text": "at the at the same time that would take"}, {"end": "00:07:47", "start": "00:07:44", "text": "up like a big chunk of my day if I want"}, {"end": "00:07:49", "start": "00:07:45", "text": "to uh you know keep playing throughout"}, {"end": "00:07:51", "start": "00:07:47", "text": "the day, keep playing um this hollow sim"}, {"end": "00:07:52", "start": "00:07:49", "text": "game. So um I'd love to have more"}, {"end": "00:07:54", "start": "00:07:51", "text": "crafters. And one of the ways I could do"}, {"end": "00:07:56", "start": "00:07:52", "text": "that is I can get rid of a bunch of my"}, {"end": "00:07:57", "start": "00:07:54", "text": "airbikes that do not have as much cargo"}, {"end": "00:07:59", "start": "00:07:56", "text": "as the lobies I've been crafting right"}, {"end": "00:08:01", "start": "00:07:57", "text": "now. And maybe maybe following the story"}, {"end": "00:08:03", "start": "00:07:59", "text": "line, we can actually craft even bigger"}, {"end": "00:08:05", "start": "00:08:01", "text": "ships. Um, lobies are some extra small"}, {"end": "00:08:07", "start": "00:08:03", "text": "ships. Airbikes are extra extra small"}, {"end": "00:08:08", "start": "00:08:05", "text": "ships, but I was hoping to craft a few"}, {"end": "00:08:11", "start": "00:08:07", "text": "small ships coming up here in the"}, {"end": "00:08:13", "start": "00:08:08", "text": "future. And if we go to the inventory,"}, {"end": "00:08:14", "start": "00:08:11", "text": "you can see that I've actually been, you"}, {"end": "00:08:16", "start": "00:08:13", "text": "know, kind of crafting a couple"}, {"end": "00:08:17", "start": "00:08:14", "text": "different things um to set myself up to"}, {"end": "00:08:20", "start": "00:08:16", "text": "get some of those small ships. I have"}, {"end": "00:08:22", "start": "00:08:17", "text": "some polymer, some framework, and what"}, {"end": "00:08:24", "start": "00:08:20", "text": "else do I have? Some hydrocarbon kind of"}, {"end": "00:08:27", "start": "00:08:22", "text": "like kind of like sitting in the back"}, {"end": "00:08:28", "start": "00:08:24", "text": "burner right now. Um, what I do need I"}, {"end": "00:08:31", "start": "00:08:27", "text": "think I'm going to need in the future is"}, {"end": "00:08:33", "start": "00:08:28", "text": "some copper. So, I might as well get my"}, {"end": "00:08:35", "start": "00:08:31", "text": "crafters crafting some copper. And then"}, {"end": "00:08:37", "start": "00:08:33", "text": "what we'll do is we'll start getting"}, {"end": "00:08:39", "start": "00:08:35", "text": "into we'll start getting into that uh"}, {"end": "00:08:41", "start": "00:08:37", "text": "those storyline quests and seeing what"}, {"end": "00:08:43", "start": "00:08:39", "text": "else is going to be new for us in this"}, {"end": "00:08:45", "start": "00:08:41", "text": "whole playthrough of Hollowim."}, {"end": "00:08:48", "start": "00:08:43", "text": "All right, so let's get my guys going"}, {"end": "00:08:50", "start": "00:08:45", "text": "real fast here. 147"}, {"end": "00:08:53", "start": "00:08:48", "text": "35 minutes. So, while those guys are"}, {"end": "00:08:58", "start": "00:08:50", "text": "crafting, let's jump in and see what our"}, {"end": "00:09:00", "start": "00:08:53", "text": "girl Sage has to say to us in the in the"}, {"end": "00:09:02", "start": "00:08:58", "text": "storyline quests here. All right, so we"}, {"end": "00:09:04", "start": "00:09:00", "text": "have our crafters crafting copper. We'll"}, {"end": "00:09:05", "start": "00:09:02", "text": "come back to them in the future. And so,"}, {"end": "00:09:06", "start": "00:09:04", "text": "let's go through the story line. So,"}, {"end": "00:09:09", "start": "00:09:05", "text": "this is the first one. It's called the"}, {"end": "00:09:11", "start": "00:09:06", "text": "lady in gold. Um, and the mission"}, {"end": "00:09:13", "start": "00:09:09", "text": "summary. It says, \"Start your adventures"}, {"end": "00:09:15", "start": "00:09:11", "text": "in Hollowoism.\" So you awaken from"}, {"end": "00:09:17", "start": "00:09:13", "text": "nothingness of a dream and by instinct"}, {"end": "00:09:20", "start": "00:09:15", "text": "try to stand only to be slammed back by"}, {"end": "00:09:21", "start": "00:09:17", "text": "a dizzying wave of vertigo and regret."}, {"end": "00:09:24", "start": "00:09:20", "text": "The room tilts and blurs. Your mind"}, {"end": "00:09:26", "start": "00:09:21", "text": "claws at fading fragments of a vision"}, {"end": "00:09:28", "start": "00:09:24", "text": "vivid and sharp just moments ago. The"}, {"end": "00:09:31", "start": "00:09:26", "text": "images had flooded your mind the instant"}, {"end": "00:09:33", "start": "00:09:28", "text": "the tutorial faded to black. Did Sage"}, {"end": "00:09:36", "start": "00:09:31", "text": "send those or was it Hollowism itself"}, {"end": "00:09:38", "start": "00:09:33", "text": "bleeding into your consciousness? A"}, {"end": "00:09:41", "start": "00:09:36", "text": "high-speed fleet engagement. Sudden"}, {"end": "00:09:43", "start": "00:09:38", "text": "ambushes in dead space faces unfamiliar"}, {"end": "00:09:46", "start": "00:09:41", "text": "manning ships. you've never seen before."}, {"end": "00:09:48", "start": "00:09:43", "text": "And at the end, something else. You"}, {"end": "00:09:51", "start": "00:09:46", "text": "flinch. Your stomach turns. Your head"}, {"end": "00:09:53", "start": "00:09:48", "text": "pulses with heat and static. A pressure"}, {"end": "00:09:55", "start": "00:09:51", "text": "wells into your chest, heavy and"}, {"end": "00:09:57", "start": "00:09:53", "text": "unplaceable. You wrestle yourself"}, {"end": "00:10:00", "start": "00:09:55", "text": "upright, planting your palms on the bed"}, {"end": "00:10:02", "start": "00:09:57", "text": "frame. Your body obeys, sluggish but"}, {"end": "00:10:05", "start": "00:10:00", "text": "stable. Was it the ship or a creature?"}, {"end": "00:10:07", "start": "00:10:02", "text": "You blink once, then again. The haze"}, {"end": "00:10:12", "start": "00:10:05", "text": "retreats and the world returns to you to"}, {"end": "00:10:14", "start": "00:10:07", "text": "you with startling clarity. Cautiously,"}, {"end": "00:10:17", "start": "00:10:12", "text": "you turn your head half expecting the"}, {"end": "00:10:19", "start": "00:10:14", "text": "nause nausea to return, but it's gone,"}, {"end": "00:10:21", "start": "00:10:17", "text": "vanished, like it was never there to"}, {"end": "00:10:24", "start": "00:10:19", "text": "begin with. You take in your"}, {"end": "00:10:27", "start": "00:10:21", "text": "surroundings, smooth walls, soft lights."}, {"end": "00:10:29", "start": "00:10:24", "text": "You're in a standard domestic habitat,"}, {"end": "00:10:31", "start": "00:10:27", "text": "virtually identical to the to the to"}, {"end": "00:10:34", "start": "00:10:29", "text": "your own in the real world. You swing"}, {"end": "00:10:36", "start": "00:10:31", "text": "your legs off the bed, reaching to"}, {"end": "00:10:39", "start": "00:10:34", "text": "steady yourself, and that's when the"}, {"end": "00:10:42", "start": "00:10:36", "text": "door slams open. Your reflexes ignite on"}, {"end": "00:10:45", "start": "00:10:39", "text": "your feet. One hand snapped back to the"}, {"end": "00:10:47", "start": "00:10:42", "text": "holster, empty. Your breath catches. You"}, {"end": "00:10:49", "start": "00:10:45", "text": "reach the living room in three quick"}, {"end": "00:10:51", "start": "00:10:47", "text": "strides and stop dead. A woman standing"}, {"end": "00:10:54", "start": "00:10:49", "text": "there, human mud, draped in flowing"}, {"end": "00:10:56", "start": "00:10:51", "text": "gold, smiling as if she's waiting for"}, {"end": "00:10:58", "start": "00:10:54", "text": "this moment longer than you have. And"}, {"end": "00:11:01", "start": "00:10:56", "text": "somehow she's beautiful in a way that"}, {"end": "00:11:04", "start": "00:10:58", "text": "feels rehearsed. Now we can start the"}, {"end": "00:11:07", "start": "00:11:01", "text": "next mission. And it is called a bad"}, {"end": "00:11:10", "start": "00:11:04", "text": "start. Um, step two of three. And we"}, {"end": "00:11:12", "start": "00:11:07", "text": "need to craft 3,000 ammo. So, let's just"}, {"end": "00:11:14", "start": "00:11:10", "text": "listen to uh yeah, to what Sage has to"}, {"end": "00:11:17", "start": "00:11:12", "text": "say right here."}, {"end": "00:11:19", "start": "00:11:14", "text": "GM, good morning, Captain. The melodious"}, {"end": "00:11:21", "start": "00:11:17", "text": "voice of the woman in gold greeted you"}, {"end": "00:11:24", "start": "00:11:19", "text": "with an almost too cheerful smile, and"}, {"end": "00:11:26", "start": "00:11:21", "text": "you recognized it instantly. Sage,"}, {"end": "00:11:28", "start": "00:11:24", "text": "before you can reply, she's already mid"}, {"end": "00:11:30", "start": "00:11:26", "text": "rant, speaking in one unbroken stream of"}, {"end": "00:11:31", "start": "00:11:28", "text": "indignation."}, {"end": "00:11:33", "start": "00:11:30", "text": "Did you sign up for this scenario just"}, {"end": "00:11:35", "start": "00:11:31", "text": "to catch some sleep? Honestly, thanks to"}, {"end": "00:11:37", "start": "00:11:33", "text": "your extended little nap, you're"}, {"end": "00:11:39", "start": "00:11:35", "text": "officially behind everyone else. She"}, {"end": "00:11:40", "start": "00:11:37", "text": "flops dramatically onto the sofa,"}, {"end": "00:11:44", "start": "00:11:39", "text": "helping herself to a glass of water from"}, {"end": "00:11:46", "start": "00:11:40", "text": "the side table, clearly fuming."}, {"end": "00:11:48", "start": "00:11:44", "text": "You missed the entire introductory"}, {"end": "00:11:50", "start": "00:11:46", "text": "ceremony, the grand kickoff for the"}, {"end": "00:11:52", "start": "00:11:48", "text": "cadets becoming certified captains. A"}, {"end": "00:11:55", "start": "00:11:50", "text": "beautiful production full of pomp and"}, {"end": "00:11:57", "start": "00:11:52", "text": "protocol. Oh, and yes, that was the"}, {"end": "00:11:59", "start": "00:11:55", "text": "first quest, too. While you were snoring"}, {"end": "00:12:01", "start": "00:11:57", "text": "away, I had to scramble across the"}, {"end": "00:12:03", "start": "00:11:59", "text": "simulation in this bizarre physical"}, {"end": "00:12:04", "start": "00:12:01", "text": "projection, trying to locate your spawn"}, {"end": "00:12:07", "start": "00:12:03", "text": "point. Do you have any idea what"}, {"end": "00:12:10", "start": "00:12:04", "text": "humidity does to golden makeup?"}, {"end": "00:12:11", "start": "00:12:07", "text": "She downs the water in a long sip, then"}, {"end": "00:12:14", "start": "00:12:10", "text": "exhales and sets the glass down with"}, {"end": "00:12:16", "start": "00:12:11", "text": "theatrical precision."}, {"end": "00:12:19", "start": "00:12:14", "text": "Anyway, it's fine. Let's just get back"}, {"end": "00:12:22", "start": "00:12:16", "text": "on track. Rising to her feet with"}, {"end": "00:12:25", "start": "00:12:19", "text": "purpose, she motions for you to follow."}, {"end": "00:12:27", "start": "00:12:22", "text": "I already assembled your crew. They're"}, {"end": "00:12:29", "start": "00:12:25", "text": "prepped and waiting in the hanger. Let's"}, {"end": "00:12:31", "start": "00:12:27", "text": "see if you remember your tutorial. Form"}, {"end": "00:12:33", "start": "00:12:29", "text": "a fleet with the loby I graciously gave"}, {"end": "00:12:36", "start": "00:12:31", "text": "you. Then we'll send out mining squads"}, {"end": "00:12:37", "start": "00:12:33", "text": "to gather raw materials. We burned"}, {"end": "00:12:39", "start": "00:12:36", "text": "through most of our supplies during"}, {"end": "00:12:41", "start": "00:12:37", "text": "training, and I refused to be stranded"}, {"end": "00:12:44", "start": "00:12:39", "text": "mid warp because someone forgot to stock"}, {"end": "00:12:48", "start": "00:12:41", "text": "fuel. She turns back to you with a"}, {"end": "00:12:50", "start": "00:12:44", "text": "pointed smile. Mine biomass, hydrogen,"}, {"end": "00:12:52", "start": "00:12:48", "text": "and copper ore. Then craft them into"}, {"end": "00:12:54", "start": "00:12:50", "text": "food, fuel, and ammunition. I'm"}, {"end": "00:12:56", "start": "00:12:52", "text": "calculating that 3,000 units of each is"}, {"end": "00:12:58", "start": "00:12:54", "text": "a good start. Let's get our reserves"}, {"end": "00:13:01", "start": "00:12:56", "text": "back to standard levels. Chop chop."}, {"end": "00:13:02", "start": "00:12:58", "text": "Captain, we're late and I do not like"}, {"end": "00:13:05", "start": "00:13:01", "text": "losing."}, {"end": "00:13:08", "start": "00:13:02", "text": "All right, so we got to do 3,000 units"}, {"end": "00:13:10", "start": "00:13:05", "text": "of hydrogen and copper and biomass. And"}, {"end": "00:13:12", "start": "00:13:08", "text": "if we go over to my fleets right now,"}, {"end": "00:13:15", "start": "00:13:10", "text": "you can see that I am already crafting"}, {"end": "00:13:16", "start": "00:13:12", "text": "all of those. So, I didn't really talk"}, {"end": "00:13:18", "start": "00:13:15", "text": "about what all my different lobies that"}, {"end": "00:13:20", "start": "00:13:16", "text": "I've been crafting are actually doing."}, {"end": "00:13:22", "start": "00:13:18", "text": "Um, but I have them basically going out"}, {"end": "00:13:24", "start": "00:13:20", "text": "to all these different areas here in the"}, {"end": "00:13:27", "start": "00:13:22", "text": "safe zone. And I have one fleet that's"}, {"end": "00:13:29", "start": "00:13:24", "text": "way over here um, grabbing luminite and"}, {"end": "00:13:32", "start": "00:13:27", "text": "it's been safe so far. Fingers crossed."}, {"end": "00:13:35", "start": "00:13:29", "text": "Um, but they are grabbing basically all"}, {"end": "00:13:38", "start": "00:13:32", "text": "the like the the main resources that you"}, {"end": "00:13:40", "start": "00:13:35", "text": "need for just uh fuel and ammo and food"}, {"end": "00:13:42", "start": "00:13:38", "text": "um, things like that. So, I'm trying to"}, {"end": "00:13:44", "start": "00:13:40", "text": "stock up on all those, you know, just"}, {"end": "00:13:46", "start": "00:13:42", "text": "those common uh, you know, the common"}, {"end": "00:13:48", "start": "00:13:44", "text": "raw resources. Um, just getting ready to"}, {"end": "00:13:50", "start": "00:13:46", "text": "do some crafting in the future. and also"}, {"end": "00:13:52", "start": "00:13:48", "text": "trying to get my supplies up a little"}, {"end": "00:13:54", "start": "00:13:50", "text": "bit. So, trying to get my ammo, food,"}, {"end": "00:13:55", "start": "00:13:52", "text": "and fuel up. And if I get any extra of"}, {"end": "00:13:57", "start": "00:13:54", "text": "any of them, um I've been kind of trying"}, {"end": "00:13:59", "start": "00:13:55", "text": "to sell them on the market to try to get"}, {"end": "00:14:02", "start": "00:13:57", "text": "my Zatlas up a little bit more. Um so,"}, {"end": "00:14:04", "start": "00:13:59", "text": "yeah. So, I when we go back to that um"}, {"end": "00:14:06", "start": "00:14:02", "text": "that quest right over here, we go to the"}, {"end": "00:14:07", "start": "00:14:04", "text": "storyline quest. It says I've already"}, {"end": "00:14:09", "start": "00:14:06", "text": "completed those. So, I can check on in"}, {"end": "00:14:11", "start": "00:14:07", "text": "and I can grab that XP. And it looks"}, {"end": "00:14:14", "start": "00:14:09", "text": "like a whole bunch of X bunch of XP."}, {"end": "00:14:18", "start": "00:14:11", "text": "85,000. Woohoo. So, so let's hit check"}, {"end": "00:14:20", "start": "00:14:14", "text": "in. processing. And"}, {"end": "00:14:22", "start": "00:14:18", "text": "you know what? Look at that. So, I'm"}, {"end": "00:14:24", "start": "00:14:20", "text": "going to have to actually uh it just"}, {"end": "00:14:25", "start": "00:14:22", "text": "actually I have by checking in now, I"}, {"end": "00:14:27", "start": "00:14:24", "text": "have to actually go through that. So,"}, {"end": "00:14:30", "start": "00:14:25", "text": "I'm going to actually have to uh yeah,"}, {"end": "00:14:31", "start": "00:14:27", "text": "mine each one of those. And so, I'll you"}, {"end": "00:14:33", "start": "00:14:30", "text": "know, have my ships do that and then"}, {"end": "00:14:35", "start": "00:14:31", "text": "we'll check back for the next mission."}, {"end": "00:14:38", "start": "00:14:33", "text": "So, I'll see you guys in a second."}, {"end": "00:14:41", "start": "00:14:35", "text": "A few moments later."}, {"end": "00:14:43", "start": "00:14:38", "text": "All right. So, I have done what I'm"}, {"end": "00:14:46", "start": "00:14:41", "text": "supposed to do. I did 3,000 units of"}, {"end": "00:14:49", "start": "00:14:43", "text": "food, fuel, and ammunition. Um, so I can"}, {"end": "00:14:52", "start": "00:14:46", "text": "complete this quest. There we go. Reward"}, {"end": "00:14:54", "start": "00:14:49", "text": "claimed. That was a ton of XP, man. All"}, {"end": "00:14:56", "start": "00:14:52", "text": "right. And just real fast, remember I"}, {"end": "00:14:59", "start": "00:14:54", "text": "said I lost my guys in combat. Well, it"}, {"end": "00:15:02", "start": "00:14:56", "text": "says now rescued to the CSS. So, they're"}, {"end": "00:15:02", "start": "00:14:59", "text": "sitting here at Nuno. So, um, this is"}, {"end": "00:15:04", "start": "00:15:02", "text": "the first time I've ever experienced"}, {"end": "00:15:06", "start": "00:15:02", "text": "this, but it says I can recover my"}, {"end": "00:15:08", "start": "00:15:04", "text": "fleet."}, {"end": "00:15:10", "start": "00:15:06", "text": "And oh, looks like now I have to repair"}, {"end": "00:15:12", "start": "00:15:08", "text": "my fleet."}, {"end": "00:15:14", "start": "00:15:10", "text": "and critical conditions and needs"}, {"end": "00:15:16", "start": "00:15:12", "text": "repair. I think I need tool kits in"}, {"end": "00:15:19", "start": "00:15:14", "text": "order to repair my fleet possibly. Um"}, {"end": "00:15:19", "start": "00:15:16", "text": "I'll have to look into that. Um I'll be"}, {"end": "00:15:21", "start": "00:15:19", "text": "right back."}, {"end": "00:15:23", "start": "00:15:19", "text": "One hour later."}, {"end": "00:15:28", "start": "00:15:21", "text": "All right. So, I'm loving the chat. We"}, {"end": "00:15:28", "start": "00:15:23", "text": "have not only do we have um an AI chat"}, {"end": "00:15:32", "start": "00:15:29", "text": "2 hours later."}, {"end": "00:15:35", "start": "00:15:31", "text": "So, I actually recorded the next segment"}, {"end": "00:15:36", "start": "00:15:32", "text": "of my video, but for some reason the"}, {"end": "00:15:37", "start": "00:15:35", "text": "screen was black. You can only hear my"}, {"end": "00:15:38", "start": "00:15:36", "text": "voice. So, what I'm going to do is I'm"}, {"end": "00:15:41", "start": "00:15:37", "text": "just going to kind of walk you through"}, {"end": "00:15:42", "start": "00:15:38", "text": "real fast. um the next uh the next few"}, {"end": "00:15:45", "start": "00:15:41", "text": "steps that I took um what I did is I"}, {"end": "00:15:47", "start": "00:15:42", "text": "used the chat um and I threw it out"}, {"end": "00:15:51", "start": "00:15:45", "text": "there to my faction, the people in my"}, {"end": "00:15:52", "start": "00:15:47", "text": "faction and NDR and uh info in Foloy uh"}, {"end": "00:15:55", "start": "00:15:51", "text": "got back to me if I'm saying your name"}, {"end": "00:15:57", "start": "00:15:52", "text": "right. Hopefully I am. Um and they"}, {"end": "00:15:58", "start": "00:15:55", "text": "basically helped me get my ship up and"}, {"end": "00:16:01", "start": "00:15:57", "text": "running. I definitely needed tool kits"}, {"end": "00:16:04", "start": "00:15:58", "text": "to actually um do the repair. Um I"}, {"end": "00:16:05", "start": "00:16:01", "text": "crafted 30,000 toolkits and my ship was,"}, {"end": "00:16:07", "start": "00:16:04", "text": "you know, able to go back out and start"}, {"end": "00:16:09", "start": "00:16:05", "text": "mining again. So that was pretty cool. I"}, {"end": "00:16:11", "start": "00:16:07", "text": "love the chat. I also tried uh typing in"}, {"end": "00:16:12", "start": "00:16:09", "text": "the AI which actually gave me some good"}, {"end": "00:16:14", "start": "00:16:11", "text": "tips but didn't tell me about the"}, {"end": "00:16:17", "start": "00:16:12", "text": "toolkits. Um so thank goodness the um"}, {"end": "00:16:20", "start": "00:16:14", "text": "faction chat was out there. Um next"}, {"end": "00:16:22", "start": "00:16:17", "text": "thing I did is I um went over and I did"}, {"end": "00:16:25", "start": "00:16:20", "text": "the next step in the story line and the"}, {"end": "00:16:28", "start": "00:16:22", "text": "next step was right here"}, {"end": "00:16:30", "start": "00:16:25", "text": "and it was craft 10 fimble airbikes and"}, {"end": "00:16:31", "start": "00:16:28", "text": "three fimble lobies. Um I'm just going"}, {"end": "00:16:34", "start": "00:16:30", "text": "to play the audio real fast for you"}, {"end": "00:16:35", "start": "00:16:31", "text": "guys. Once the resources are secured and"}, {"end": "00:16:37", "start": "00:16:34", "text": "logged into the central space station's"}, {"end": "00:16:39", "start": "00:16:35", "text": "cargo bay, you notice a shift in Sage's"}, {"end": "00:16:41", "start": "00:16:37", "text": "demeanor. The tension in her frame"}, {"end": "00:16:43", "start": "00:16:39", "text": "eases. Her tone smooths back into its"}, {"end": "00:16:45", "start": "00:16:41", "text": "signature melody. And then,"}, {"end": "00:16:48", "start": "00:16:43", "text": "surprisingly, she gives you a real"}, {"end": "00:16:50", "start": "00:16:45", "text": "unforced smile."}, {"end": "00:16:53", "start": "00:16:48", "text": "\"That should stabilize our reserves for"}, {"end": "00:16:55", "start": "00:16:50", "text": "now.\" \"Good work, Captain,\" she says,"}, {"end": "00:16:58", "start": "00:16:53", "text": "brushing a speck of invisible dust from"}, {"end": "00:17:00", "start": "00:16:55", "text": "her golden sleeve. Then, with a softer"}, {"end": "00:17:02", "start": "00:16:58", "text": "glint in her eye, she adds, \"We should"}, {"end": "00:17:03", "start": "00:17:00", "text": "talk about the ceremony you missed. Why"}, {"end": "00:17:05", "start": "00:17:02", "text": "don't we take our new loby for a spin"}, {"end": "00:17:08", "start": "00:17:03", "text": "around the CSS central space station and"}, {"end": "00:17:09", "start": "00:17:05", "text": "chat for a bit? You nod, but just as"}, {"end": "00:17:12", "start": "00:17:08", "text": "you're about to climb into the cockpit,"}, {"end": "00:17:14", "start": "00:17:09", "text": "your mind stutters."}, {"end": "00:17:16", "start": "00:17:12", "text": "The images, those strange fragments that"}, {"end": "00:17:18", "start": "00:17:14", "text": "assaulted your senses as the tutorial"}, {"end": "00:17:20", "start": "00:17:16", "text": "faded. Battlefields lit by flares,"}, {"end": "00:17:23", "start": "00:17:18", "text": "unfamiliar faces shouting over calms,"}, {"end": "00:17:24", "start": "00:17:20", "text": "and that final image, a ship, or perhaps"}, {"end": "00:17:27", "start": "00:17:23", "text": "a living thing pulsating with some"}, {"end": "00:17:30", "start": "00:17:24", "text": "unknowable rhythm."}, {"end": "00:17:33", "start": "00:17:27", "text": "You pause. The memory coils in your gut"}, {"end": "00:17:35", "start": "00:17:30", "text": "like static, should you ask? But the"}, {"end": "00:17:37", "start": "00:17:33", "text": "thought of explaining it to Sage feels"}, {"end": "00:17:39", "start": "00:17:35", "text": "absurd. You're already the captain who"}, {"end": "00:17:41", "start": "00:17:37", "text": "overslept the mission launch. Add"}, {"end": "00:17:43", "start": "00:17:39", "text": "traumatized by a dream to that"}, {"end": "00:17:46", "start": "00:17:41", "text": "reputation and you might be expelled"}, {"end": "00:17:48", "start": "00:17:43", "text": "from the scenario. You shake it off and"}, {"end": "00:17:51", "start": "00:17:46", "text": "power up the loby. The engine hums"}, {"end": "00:17:53", "start": "00:17:48", "text": "beneath your hands. Sage, oblivious to"}, {"end": "00:17:55", "start": "00:17:51", "text": "your hesitation, slides into the seat"}, {"end": "00:17:58", "start": "00:17:53", "text": "beside you and resumes her usual poise."}, {"end": "00:18:01", "start": "00:17:55", "text": "Her voice carries a tone not often found"}, {"end": "00:18:04", "start": "00:17:58", "text": "in artificial intelligences. Guilt laced"}, {"end": "00:18:06", "start": "00:18:01", "text": "with something close to empathy. I owe"}, {"end": "00:18:07", "start": "00:18:04", "text": "you an apology, she begins as the vessel"}, {"end": "00:18:09", "start": "00:18:06", "text": "lifts from the hanger and joins the"}, {"end": "00:18:12", "start": "00:18:07", "text": "luminous flow of air traffic. I was"}, {"end": "00:18:13", "start": "00:18:09", "text": "sharp with you earlier. It's just the"}, {"end": "00:18:15", "start": "00:18:12", "text": "ceremony you missed wasn't just about"}, {"end": "00:18:18", "start": "00:18:13", "text": "pomp and circumstance. That first quest"}, {"end": "00:18:20", "start": "00:18:15", "text": "wasn't just XP and Zatlas. It was the"}, {"end": "00:18:22", "start": "00:18:18", "text": "official accreditation event with your"}, {"end": "00:18:24", "start": "00:18:20", "text": "factions manufacturer."}, {"end": "00:18:26", "start": "00:18:22", "text": "She sighed softly, as if bracing for"}, {"end": "00:18:28", "start": "00:18:24", "text": "your disappointment."}, {"end": "00:18:30", "start": "00:18:26", "text": "Without that quest, we don't get access"}, {"end": "00:18:31", "start": "00:18:28", "text": "to any higher tier ship blueprints"}, {"end": "00:18:34", "start": "00:18:30", "text": "unless we unlock them through the"}, {"end": "00:18:35", "start": "00:18:31", "text": "specializations later in the scenario. I"}, {"end": "00:18:37", "start": "00:18:34", "text": "appealed the decision to the faction"}, {"end": "00:18:39", "start": "00:18:35", "text": "council, but they rejected it. They"}, {"end": "00:18:43", "start": "00:18:37", "text": "said, \"Your next opportunity will be the"}, {"end": "00:18:47", "start": "00:18:39", "text": "next ceremony in 6 months.\" \"I'm sorry,"}, {"end": "00:18:49", "start": "00:18:43", "text": "Captain. I tried.\" For a moment, silence"}, {"end": "00:18:52", "start": "00:18:47", "text": "fills the cabin. Then you chuckle. Sage"}, {"end": "00:18:55", "start": "00:18:49", "text": "turns toward you, visibly puzzled."}, {"end": "00:18:57", "start": "00:18:52", "text": "You're laughing. You nod, a small grin"}, {"end": "00:18:59", "start": "00:18:55", "text": "tugging at your mouth. This actually"}, {"end": "00:19:01", "start": "00:18:57", "text": "feels right. Back home in the medium"}, {"end": "00:19:02", "start": "00:18:59", "text": "zone, fairness was just a word. Nobody"}, {"end": "00:19:04", "start": "00:19:01", "text": "expected the same chances as the safe"}, {"end": "00:19:08", "start": "00:19:02", "text": "zone citizens. Life has always been"}, {"end": "00:19:10", "start": "00:19:04", "text": "tilted. This it just makes Hollisim feel"}, {"end": "00:19:12", "start": "00:19:08", "text": "authentic."}, {"end": "00:19:14", "start": "00:19:10", "text": "Sage is quiet for a moment, processing"}, {"end": "00:19:16", "start": "00:19:12", "text": "your words. Then, with a note of"}, {"end": "00:19:18", "start": "00:19:14", "text": "admiration beneath her synthetic tone,"}, {"end": "00:19:20", "start": "00:19:16", "text": "she replies, \"That's quite the attitude."}, {"end": "00:19:22", "start": "00:19:18", "text": "But if you're locked out of the higher"}, {"end": "00:19:24", "start": "00:19:20", "text": "tier ships, how do you expect to keep up"}, {"end": "00:19:27", "start": "00:19:22", "text": "with those who are not? You glance at"}, {"end": "00:19:29", "start": "00:19:24", "text": "her with a glint in your eye. If we"}, {"end": "00:19:32", "start": "00:19:27", "text": "can't match their quality, we'll make up"}, {"end": "00:19:34", "start": "00:19:29", "text": "for it in numbers. As if the scenario"}, {"end": "00:19:37", "start": "00:19:32", "text": "itself heard your words, a soft chime"}, {"end": "00:19:39", "start": "00:19:34", "text": "pings through your interface. An"}, {"end": "00:19:42", "start": "00:19:37", "text": "opportunity quest has been assigned."}, {"end": "00:19:46", "start": "00:19:39", "text": "Making up with numbers. Craft 10. Fimble"}, {"end": "00:19:48", "start": "00:19:42", "text": "airbikes. Craft three. Fimble lobies."}, {"end": "00:19:50", "start": "00:19:46", "text": "reward."}, {"end": "00:19:51", "start": "00:19:48", "text": "You and Sage exchange a glance. You bank"}, {"end": "00:19:53", "start": "00:19:50", "text": "the Lobi into a smooth arc. Sage"}, {"end": "00:19:54", "start": "00:19:51", "text": "interface is popping around the Lobi"}, {"end": "00:19:57", "start": "00:19:53", "text": "panel as she issues commands to your"}, {"end": "00:19:59", "start": "00:19:54", "text": "crew. The race begins now."}, {"end": "00:20:01", "start": "00:19:57", "text": "All right. So, yeah. So I then what I"}, {"end": "00:20:03", "start": "00:19:59", "text": "did is I crafted the 10 Fimble airbikes,"}, {"end": "00:20:05", "start": "00:20:01", "text": "but I actually crafted more than three"}, {"end": "00:20:08", "start": "00:20:03", "text": "Fimble Lobies because what I wanted to"}, {"end": "00:20:10", "start": "00:20:05", "text": "do is I had a bunch of um uh 31 Fimble"}, {"end": "00:20:11", "start": "00:20:08", "text": "airbikes out um in one of my fleets. And"}, {"end": "00:20:13", "start": "00:20:10", "text": "what I wanted to do is I wanted to"}, {"end": "00:20:16", "start": "00:20:11", "text": "replace them with Fimble Lobies um"}, {"end": "00:20:17", "start": "00:20:13", "text": "because basically I could replace I"}, {"end": "00:20:19", "start": "00:20:16", "text": "think like 10 Fimble Lobies would"}, {"end": "00:20:20", "start": "00:20:17", "text": "replace like the 30 airbikes as far as"}, {"end": "00:20:22", "start": "00:20:19", "text": "cargo space goes and then I would get a"}, {"end": "00:20:24", "start": "00:20:20", "text": "bunch of crew members back. So that is"}, {"end": "00:20:26", "start": "00:20:22", "text": "what I did. And then I put a whole bunch"}, {"end": "00:20:28", "start": "00:20:24", "text": "of airbikes um in the marketplace for"}, {"end": "00:20:30", "start": "00:20:26", "text": "sale. And I'm not too sure if some of"}, {"end": "00:20:33", "start": "00:20:28", "text": "them sold or not. Let's look it up real"}, {"end": "00:20:36", "start": "00:20:30", "text": "fast. Let's do airbikes."}, {"end": "00:20:38", "start": "00:20:33", "text": "Let's see. Ship extra small symbol"}, {"end": "00:20:41", "start": "00:20:36", "text": "airbikes. Um oh, these are all my orders"}, {"end": "00:20:43", "start": "00:20:38", "text": "right here. So not um there was one"}, {"end": "00:20:45", "start": "00:20:41", "text": "right before me and um that actually"}, {"end": "00:20:47", "start": "00:20:43", "text": "those airbikes actually sold. So I have"}, {"end": "00:20:48", "start": "00:20:45", "text": "the lowest priced airbikes in the market"}, {"end": "00:20:50", "start": "00:20:47", "text": "right now. So if you guys are interested"}, {"end": "00:20:52", "start": "00:20:48", "text": "in some airbikes, look at this. I got a"}, {"end": "00:20:54", "start": "00:20:50", "text": "whole bunch of them for sale at this"}, {"end": "00:20:56", "start": "00:20:52", "text": "very very moment. So, so the next thing"}, {"end": "00:21:00", "start": "00:20:54", "text": "I did is I just went one step down to"}, {"end": "00:21:02", "start": "00:20:56", "text": "the next um storyline quest. And what it"}, {"end": "00:21:04", "start": "00:21:00", "text": "said is to craft a Fimble BIOS"}, {"end": "00:21:06", "start": "00:21:02", "text": "packlight. So, I had to use a whole"}, {"end": "00:21:09", "start": "00:21:04", "text": "bunch of resources to craft the pack."}, {"end": "00:21:11", "start": "00:21:06", "text": "And uh yeah, that that brings me up to"}, {"end": "00:21:15", "start": "00:21:09", "text": "where I actually was able to record"}, {"end": "00:21:18", "start": "00:21:11", "text": "again. So, I'll then play it from here."}, {"end": "00:21:20", "start": "00:21:15", "text": "Oh my gosh, I'm so so dumb sometimes. So"}, {"end": "00:21:22", "start": "00:21:18", "text": "I I realized right before I went to go"}, {"end": "00:21:24", "start": "00:21:20", "text": "claim my fimol loby like claim the"}, {"end": "00:21:26", "start": "00:21:22", "text": "crafting that I almost did what I did"}, {"end": "00:21:27", "start": "00:21:24", "text": "last time and I didn't um I didn't"}, {"end": "00:21:29", "start": "00:21:26", "text": "activate the quest and then I just went"}, {"end": "00:21:31", "start": "00:21:27", "text": "to activate the quest and it says quest"}, {"end": "00:21:33", "start": "00:21:29", "text": "is locked. It says complete previous"}, {"end": "00:21:35", "start": "00:21:31", "text": "directive which if you come up here I"}, {"end": "00:21:37", "start": "00:21:33", "text": "did and so I'm I'm confused. I think"}, {"end": "00:21:39", "start": "00:21:35", "text": "that maybe for some reason these two"}, {"end": "00:21:42", "start": "00:21:37", "text": "quests are flip-flopped cuz this one"}, {"end": "00:21:45", "start": "00:21:39", "text": "doesn't have the quest locked whereas"}, {"end": "00:21:47", "start": "00:21:42", "text": "the other ones do. So for some reason I"}, {"end": "00:21:47", "start": "00:21:45", "text": "think that they're out of order. And so"}, {"end": "00:21:48", "start": "00:21:47", "text": "what I'm going to have to do is I'm"}, {"end": "00:21:51", "start": "00:21:47", "text": "going to have to do doing the right"}, {"end": "00:21:52", "start": "00:21:48", "text": "thing. Um, so if we we're going to"}, {"end": "00:21:54", "start": "00:21:51", "text": "listen to this in a second, but in order"}, {"end": "00:21:55", "start": "00:21:52", "text": "to do so, I'm going to have to craft"}, {"end": "00:21:57", "start": "00:21:54", "text": "some food contracts and a couple other"}, {"end": "00:22:00", "start": "00:21:55", "text": "contracts. So no matter what, I got to"}, {"end": "00:22:02", "start": "00:21:57", "text": "claim my dudes so I can get my crafters"}, {"end": "00:22:03", "start": "00:22:00", "text": "back. So I'm going to have to craft"}, {"end": "00:22:06", "start": "00:22:02", "text": "possibly another pack light in the"}, {"end": "00:22:08", "start": "00:22:03", "text": "future. So um, that's unfortunate. So"}, {"end": "00:22:10", "start": "00:22:06", "text": "anyway, luckily I bought some extra"}, {"end": "00:22:12", "start": "00:22:08", "text": "stuff, right? So we are going to collect"}, {"end": "00:22:13", "start": "00:22:10", "text": "this item. So now we have a packite. And"}, {"end": "00:22:15", "start": "00:22:12", "text": "what I'm going to do is I'm going to"}, {"end": "00:22:17", "start": "00:22:13", "text": "make a fleet. I'm just going to send"}, {"end": "00:22:18", "start": "00:22:15", "text": "this dude out even though he's a cargo"}, {"end": "00:22:19", "start": "00:22:17", "text": "ship. I'm going to have him mine at the"}, {"end": "00:22:21", "start": "00:22:18", "text": "Seagal over here cuz I have no one"}, {"end": "00:22:22", "start": "00:22:19", "text": "mining right now for iron. So, I'm just"}, {"end": "00:22:23", "start": "00:22:21", "text": "going to have him doing that for a"}, {"end": "00:22:24", "start": "00:22:22", "text": "little bit and then I'll I'll utilize"}, {"end": "00:22:27", "start": "00:22:23", "text": "him better in the future. So, um for the"}, {"end": "00:22:28", "start": "00:22:24", "text": "moment, let's do that. All right. I'm"}, {"end": "00:22:31", "start": "00:22:27", "text": "going to name him Fat Albert one"}, {"end": "00:22:33", "start": "00:22:28", "text": "packlet. I'm going to form this fleet."}, {"end": "00:22:35", "start": "00:22:31", "text": "Undock all."}, {"end": "00:22:37", "start": "00:22:33", "text": "Now, to do the automated system, we're"}, {"end": "00:22:38", "start": "00:22:35", "text": "going to go to Fat Albert here. We're"}, {"end": "00:22:41", "start": "00:22:37", "text": "going to enable the route. He's going to"}, {"end": "00:22:42", "start": "00:22:38", "text": "be mining over at what I say Seagal."}, {"end": "00:22:46", "start": "00:22:41", "text": "He's going to come back and dump"}, {"end": "00:22:48", "start": "00:22:42", "text": "everything that he mines over at our CSS"}, {"end": "00:22:50", "start": "00:22:46", "text": "and oh, can he What's it say here? I"}, {"end": "00:22:52", "start": "00:22:48", "text": "forgot to pick a resource. Okay, iron"}, {"end": "00:22:55", "start": "00:22:50", "text": "ore. There we go. All right, so he's all"}, {"end": "00:22:58", "start": "00:22:52", "text": "set. He's running doing some mining at"}, {"end": "00:23:01", "start": "00:22:55", "text": "Seagal. And now over at Steven Seagal"}, {"end": "00:23:05", "start": "00:22:58", "text": "over here. And now let's go over to uh"}, {"end": "00:23:08", "start": "00:23:01", "text": "back to the um quests. Let's go to the"}, {"end": "00:23:10", "start": "00:23:05", "text": "story line. And where is the one that is"}, {"end": "00:23:11", "start": "00:23:08", "text": "open? Right here. So, expand for"}, {"end": "00:23:12", "start": "00:23:10", "text": "details."}, {"end": "00:23:15", "start": "00:23:11", "text": "It takes time to fulfill the opportunity"}, {"end": "00:23:17", "start": "00:23:12", "text": "quest. From tracking down resources to"}, {"end": "00:23:20", "start": "00:23:15", "text": "managing crafting cues, you and your"}, {"end": "00:23:23", "start": "00:23:17", "text": "crew put in real work. You travel, mine,"}, {"end": "00:23:25", "start": "00:23:20", "text": "refine, build, and in the process, you"}, {"end": "00:23:28", "start": "00:23:23", "text": "see more of your faction safe zone than"}, {"end": "00:23:31", "start": "00:23:25", "text": "ever before. Its beauty, its systems,"}, {"end": "00:23:33", "start": "00:23:28", "text": "and its people. For the first time,"}, {"end": "00:23:35", "start": "00:23:31", "text": "Galia starts to feel real. Then the"}, {"end": "00:23:38", "start": "00:23:33", "text": "calms chime."}, {"end": "00:23:41", "start": "00:23:35", "text": "Last vessel nearly complete, Sage says,"}, {"end": "00:23:42", "start": "00:23:38", "text": "her tone lighter. I'll admit, I'm"}, {"end": "00:23:44", "start": "00:23:41", "text": "curious. Hollisim never mentioned"}, {"end": "00:23:46", "start": "00:23:42", "text": "anything beyond the faction. Progression"}, {"end": "00:23:49", "start": "00:23:44", "text": "and specialization quests. I wonder what"}, {"end": "00:23:51", "start": "00:23:46", "text": "he's setting us up for. A second chime."}, {"end": "00:23:54", "start": "00:23:49", "text": "Quest complete."}, {"end": "00:23:58", "start": "00:23:51", "text": "All right, let's see what our reward."}, {"end": "00:23:59", "start": "00:23:54", "text": "She stops. Seconds pass. Nothing"}, {"end": "00:24:02", "start": "00:23:58", "text": "happens."}, {"end": "00:24:04", "start": "00:23:59", "text": "You got to be kidding me. Just XP and a"}, {"end": "00:24:05", "start": "00:24:02", "text": "few Zatlas. We built a fleet from"}, {"end": "00:24:08", "start": "00:24:04", "text": "scratch. The ceremony kids got"}, {"end": "00:24:10", "start": "00:24:05", "text": "blueprints just for showing up. She"}, {"end": "00:24:12", "start": "00:24:08", "text": "starts pacing."}, {"end": "00:24:14", "start": "00:24:10", "text": "First, I'm forced into a physical body."}, {"end": "00:24:16", "start": "00:24:12", "text": "Then, the makeup glitch. Now, emotional"}, {"end": "00:24:21", "start": "00:24:14", "text": "torment from the scenario. Honestly, I"}, {"end": "00:24:24", "start": "00:24:16", "text": "should have chime. You both freeze. New"}, {"end": "00:24:26", "start": "00:24:21", "text": "opportunity quest. A cry for help."}, {"end": "00:24:29", "start": "00:24:24", "text": "Nearby medium risk star bases require"}, {"end": "00:24:33", "start": "00:24:26", "text": "essential goods. Support the effort."}, {"end": "00:24:37", "start": "00:24:29", "text": "deliver 200 food contracts, 200 metal"}, {"end": "00:24:40", "start": "00:24:33", "text": "contracts, 200 plastic contracts. Reward"}, {"end": "00:24:42", "start": "00:24:37", "text": "unlocks a new opportunity quest. Sage"}, {"end": "00:24:44", "start": "00:24:40", "text": "scowls at the prompt. Captain Hollisim"}, {"end": "00:24:47", "start": "00:24:42", "text": "is messing with us. Delivering that many"}, {"end": "00:24:48", "start": "00:24:44", "text": "contracts with a handful of XX small and"}, {"end": "00:24:50", "start": "00:24:47", "text": "X small vessels is going to take"}, {"end": "00:24:52", "start": "00:24:48", "text": "forever. valuable time that could be"}, {"end": "00:24:55", "start": "00:24:50", "text": "used expanding our fleet, building"}, {"end": "00:24:57", "start": "00:24:52", "text": "infrastructure, hunting SDU survey data"}, {"end": "00:25:00", "start": "00:24:55", "text": "units, mining real value, not playing"}, {"end": "00:25:04", "start": "00:24:57", "text": "cargo truck for NPCs. You shake your"}, {"end": "00:25:06", "start": "00:25:00", "text": "head. Even in a sim, captain serve."}, {"end": "00:25:09", "start": "00:25:04", "text": "We're not skipping this. She sigh"}, {"end": "00:25:11", "start": "00:25:06", "text": "already pulling up logistics."}, {"end": "00:25:14", "start": "00:25:09", "text": "Fine. Reuniting the crew, rallying the"}, {"end": "00:25:17", "start": "00:25:11", "text": "fleet, deploying compassion. Hooray for"}, {"end": "00:25:20", "start": "00:25:14", "text": "galactic heroism in virtual space."}, {"end": "00:25:23", "start": "00:25:17", "text": "You nod, stepping back into the hanger."}, {"end": "00:25:24", "start": "00:25:20", "text": "You have a mission, and you're not here"}, {"end": "00:25:26", "start": "00:25:23", "text": "to coast."}, {"end": "00:25:29", "start": "00:25:24", "text": "All right, so it says in the audio it"}, {"end": "00:25:32", "start": "00:25:26", "text": "said 200 food and metal and plastic. Up"}, {"end": "00:25:33", "start": "00:25:29", "text": "here, though, it said I mean down there"}, {"end": "00:25:35", "start": "00:25:32", "text": "it says 50. In the audio, it said 200."}, {"end": "00:25:38", "start": "00:25:33", "text": "And then up here, it says redeem 200,"}, {"end": "00:25:40", "start": "00:25:35", "text": "200, and 200. So, just to be safe, I'm"}, {"end": "00:25:42", "start": "00:25:38", "text": "going to do 200 of each. So, food,"}, {"end": "00:25:45", "start": "00:25:40", "text": "metal, and plastic. So, let's go back to"}, {"end": "00:25:47", "start": "00:25:42", "text": "crafting and we'll do food"}, {"end": "00:25:50", "start": "00:25:45", "text": "contracts. What do we need? We need"}, {"end": "00:25:53", "start": "00:25:47", "text": "biomass for that. And so we want to do"}, {"end": "00:25:53", "start": "00:25:50", "text": "200"}, {"end": "00:25:58", "start": "00:25:54", "text": "200"}, {"end": "00:26:02", "start": "00:25:55", "text": "with 100"}, {"end": "00:26:05", "start": "00:25:58", "text": "81 dudes. It says cannot craft. Why not?"}, {"end": "00:26:06", "start": "00:26:02", "text": "I don't have any biomass. What?"}, {"end": "00:26:08", "start": "00:26:05", "text": "So it's not that I don't have any"}, {"end": "00:26:10", "start": "00:26:06", "text": "biomass. I just don't have enough. The"}, {"end": "00:26:14", "start": "00:26:08", "text": "these contracts take a lot of everything"}, {"end": "00:26:18", "start": "00:26:10", "text": "to actually create. So man. So um go to"}, {"end": "00:26:22", "start": "00:26:14", "text": "crafting. It's um look at this. 3 what"}, {"end": "00:26:24", "start": "00:26:18", "text": "is that? Uh 64 or 94,000 U biomass to"}, {"end": "00:26:26", "start": "00:26:22", "text": "make these food contracts. So I don't"}, {"end": "00:26:27", "start": "00:26:24", "text": "quite have enough yet. Let's look at the"}, {"end": "00:26:31", "start": "00:26:26", "text": "plastic. What do you need for that? Oh"}, {"end": "00:26:33", "start": "00:26:27", "text": "my gosh. Plastic contracts, hydrogen and"}, {"end": "00:26:40", "start": "00:26:31", "text": "carbon."}, {"end": "00:26:43", "start": "00:26:33", "text": "Um man in star base. Let's see. 200."}, {"end": "00:26:44", "start": "00:26:40", "text": "Holy smokes. Look how much you need."}, {"end": "00:26:46", "start": "00:26:43", "text": "Well, guys, I'm going to have to do a"}, {"end": "00:26:48", "start": "00:26:44", "text": "lot more mining. So, here's the metal"}, {"end": "00:26:49", "start": "00:26:46", "text": "contract, what you actually need for 200"}, {"end": "00:26:51", "start": "00:26:48", "text": "of these um of each one of these"}, {"end": "00:26:53", "start": "00:26:49", "text": "contracts. So, I'm just going to have to"}, {"end": "00:26:56", "start": "00:26:51", "text": "save up and uh I'm not going to want to"}, {"end": "00:26:58", "start": "00:26:53", "text": "spend a lot of my raw resources for a"}, {"end": "00:27:00", "start": "00:26:56", "text": "little bit and see if I can collect uh"}, {"end": "00:27:02", "start": "00:26:58", "text": "you know, do 200 of each one of these"}, {"end": "00:27:05", "start": "00:27:00", "text": "contracts, deliver them, and uh yeah,"}, {"end": "00:27:06", "start": "00:27:02", "text": "I'll be back again. This is uh it's a"}, {"end": "00:27:08", "start": "00:27:05", "text": "lot of work to do the story line. No"}, {"end": "00:27:09", "start": "00:27:06", "text": "wonder uh you know, the you know, the"}, {"end": "00:27:11", "start": "00:27:08", "text": "global rank takes a while to get up"}, {"end": "00:27:13", "start": "00:27:09", "text": "there. Um but yeah, we'll keep on"}, {"end": "00:27:15", "start": "00:27:11", "text": "climbing, man. Keep on climbing. Several"}, {"end": "00:27:16", "start": "00:27:13", "text": "days later."}, {"end": "00:27:18", "start": "00:27:15", "text": "All right, guys. So, it's actually been"}, {"end": "00:27:19", "start": "00:27:16", "text": "a few days since I did the last"}, {"end": "00:27:21", "start": "00:27:18", "text": "recording, but um I'm still on the quest"}, {"end": "00:27:23", "start": "00:27:19", "text": "where I have to redeem the 200 food u"}, {"end": "00:27:25", "start": "00:27:21", "text": "metal and plastic contracts. And I"}, {"end": "00:27:26", "start": "00:27:23", "text": "actually redeemed some of my food"}, {"end": "00:27:28", "start": "00:27:25", "text": "contracts that I made the other day, but"}, {"end": "00:27:31", "start": "00:27:26", "text": "I forgot to hit the check-in button"}, {"end": "00:27:32", "start": "00:27:28", "text": "again. Um so, anyway, if we go over to"}, {"end": "00:27:35", "start": "00:27:31", "text": "craftinga,"}, {"end": "00:27:37", "start": "00:27:32", "text": "we can see that I have all the stuff I"}, {"end": "00:27:39", "start": "00:27:35", "text": "need to craft. So, we we are going to"}, {"end": "00:27:41", "start": "00:27:37", "text": "complete those three items."}, {"end": "00:27:44", "start": "00:27:39", "text": "I believe it is 200 and not 50 that we"}, {"end": "00:27:47", "start": "00:27:41", "text": "actually have to redeem. Um, and then so"}, {"end": "00:27:48", "start": "00:27:44", "text": "now I need to fly those over to a medium"}, {"end": "00:27:50", "start": "00:27:47", "text": "risk zone. So what I'm going to do is"}, {"end": "00:27:52", "start": "00:27:48", "text": "I'm going to put them into a fleet and"}, {"end": "00:27:54", "start": "00:27:50", "text": "fly them over to Carmeck. So we're going"}, {"end": "00:27:58", "start": "00:27:52", "text": "to go What are we going to do? Where's"}, {"end": "00:28:00", "start": "00:27:54", "text": "my guy that's crafting over at Hydrogen?"}, {"end": "00:28:04", "start": "00:27:58", "text": "That's Ralph Furley and Stanley Roer."}, {"end": "00:28:06", "start": "00:28:00", "text": "Now, if you guys love sitcoms from the"}, {"end": "00:28:08", "start": "00:28:04", "text": "70s and 80s, you guys might get some of"}, {"end": "00:28:11", "start": "00:28:06", "text": "my jokes of some of my uh my ship names"}, {"end": "00:28:13", "start": "00:28:08", "text": "here. Um, so I'm going to stop this guy"}, {"end": "00:28:15", "start": "00:28:11", "text": "from crafting at the moment, and he is"}, {"end": "00:28:19", "start": "00:28:13", "text": "going to take a trip over to Carmeck and"}, {"end": "00:28:21", "start": "00:28:15", "text": "deliver those contracts. So, um, where"}, {"end": "00:28:25", "start": "00:28:19", "text": "are you here? Da da da. We are going to"}, {"end": "00:28:25", "start": "00:28:21", "text": "stop you from mining."}, {"end": "00:28:30", "start": "00:28:25", "text": "All right. And we are going to dock you"}, {"end": "00:28:33", "start": "00:28:28", "text": "and we're going to check that you're in"}, {"end": "00:28:35", "start": "00:28:30", "text": "the hanger, which you are."}, {"end": "00:28:37", "start": "00:28:33", "text": "And let's see here. We are going to go"}, {"end": "00:28:38", "start": "00:28:35", "text": "to inventory. All right. So, what we're"}, {"end": "00:28:40", "start": "00:28:37", "text": "going to do is we're going to come down"}, {"end": "00:28:41", "start": "00:28:38", "text": "and find those contracts that we just"}, {"end": "00:28:42", "start": "00:28:40", "text": "crafted. We're going to highlight them"}, {"end": "00:28:45", "start": "00:28:41", "text": "right here. And then we just click on"}, {"end": "00:28:47", "start": "00:28:42", "text": "the actual number amount. And that will"}, {"end": "00:28:49", "start": "00:28:45", "text": "autofill um the boxes on the right for"}, {"end": "00:28:51", "start": "00:28:47", "text": "us. And then we are going to go down to"}, {"end": "00:28:53", "start": "00:28:49", "text": "make a fleet selection and click on"}, {"end": "00:28:55", "start": "00:28:51", "text": "Ralph Furley and Stanley Roer and"}, {"end": "00:28:58", "start": "00:28:53", "text": "transfer all those into our fleet. And"}, {"end": "00:29:00", "start": "00:28:55", "text": "then we are going to undock our buddy"}, {"end": "00:29:03", "start": "00:28:58", "text": "right there. And then we are going to"}, {"end": "00:29:05", "start": "00:29:00", "text": "subwarp him over to I wonder if I could"}, {"end": "00:29:07", "start": "00:29:03", "text": "warp."}, {"end": "00:29:09", "start": "00:29:05", "text": "Let's see."}, {"end": "00:29:11", "start": "00:29:07", "text": "Warp."}, {"end": "00:29:12", "start": "00:29:09", "text": "What we'll do is we'll take one quick"}, {"end": "00:29:14", "start": "00:29:11", "text": "warp and then we'll do subwarp the rest."}, {"end": "00:29:15", "start": "00:29:12", "text": "We'll just speed this up a little bit"}, {"end": "00:29:18", "start": "00:29:14", "text": "and then by the time I get over to"}, {"end": "00:29:20", "start": "00:29:15", "text": "Carmeck, um I'll start recording again."}, {"end": "00:29:24", "start": "00:29:18", "text": "20 minutes later. All right, it looks"}, {"end": "00:29:27", "start": "00:29:20", "text": "like uh Ralph and Stanley have now"}, {"end": "00:29:29", "start": "00:29:24", "text": "arrived over at Calmeck. And so um where"}, {"end": "00:29:31", "start": "00:29:27", "text": "are they? Right here. We are going to"}, {"end": "00:29:33", "start": "00:29:29", "text": "dock those babies. All right. And they"}, {"end": "00:29:36", "start": "00:29:31", "text": "are in the hanger. And I'm going to"}, {"end": "00:29:40", "start": "00:29:33", "text": "click on all of these things for them to"}, {"end": "00:29:41", "start": "00:29:36", "text": "unload. Transfer to Starbase. All right."}, {"end": "00:29:43", "start": "00:29:40", "text": "So I have my quest right here. It says"}, {"end": "00:29:45", "start": "00:29:41", "text": "redeem those um all those contracts"}, {"end": "00:29:47", "start": "00:29:43", "text": "right here. So we are going to go over"}, {"end": "00:29:49", "start": "00:29:45", "text": "to the marketplace of Calmeck. Make sure"}, {"end": "00:29:52", "start": "00:29:47", "text": "we are in Calmeck. Yep. at the very top"}, {"end": "00:29:55", "start": "00:29:49", "text": "right here. MRZ29 Calmeck. And let's go"}, {"end": "00:29:56", "start": "00:29:52", "text": "type in food."}, {"end": "00:29:59", "start": "00:29:55", "text": "We have food contracts. Oh, right here."}, {"end": "00:30:02", "start": "00:29:56", "text": "Contracts. We'll just do a little test"}, {"end": "00:30:04", "start": "00:29:59", "text": "right here. I'm going to sell uh we'll"}, {"end": "00:30:06", "start": "00:30:02", "text": "sell 50 just for the heck of it. And"}, {"end": "00:30:08", "start": "00:30:04", "text": "look at that. I get 50 Atlas. So, you"}, {"end": "00:30:09", "start": "00:30:06", "text": "get one Atlas per contract that you"}, {"end": "00:30:14", "start": "00:30:08", "text": "sell. So, that makes it a little bit"}, {"end": "00:30:14", "start": "00:30:09", "text": "worth it, right? All right. Sell."}, {"end": "00:30:19", "start": "00:30:14", "text": "Uh-oh. It's still saying 0% complete. I"}, {"end": "00:30:21", "start": "00:30:17", "text": "have an active story line. Sell all"}, {"end": "00:30:23", "start": "00:30:19", "text": "plastic contracts. Let's see if that"}, {"end": "00:30:26", "start": "00:30:21", "text": "works. Do we have to do it in order? All"}, {"end": "00:30:28", "start": "00:30:23", "text": "right. So, market. Let's try the plastic"}, {"end": "00:30:30", "start": "00:30:26", "text": "one. We have some guy that wants to buy"}, {"end": "00:30:32", "start": "00:30:28", "text": "200. I don't know which is which. Maybe"}, {"end": "00:30:33", "start": "00:30:30", "text": "I sold to the wrong person. Oh, duh. I"}, {"end": "00:30:35", "start": "00:30:32", "text": "definitely want to sell to the one"}, {"end": "00:30:36", "start": "00:30:33", "text": "that's one. Okay. So, that was someone"}, {"end": "00:30:41", "start": "00:30:35", "text": "that's trying to trick us. So, we'll"}, {"end": "00:30:44", "start": "00:30:36", "text": "just again try 50. We get 50 Atlas."}, {"end": "00:30:46", "start": "00:30:41", "text": "So, let's sell the rest. All right."}, {"end": "00:30:50", "start": "00:30:44", "text": "We're going to check in"}, {"end": "00:30:52", "start": "00:30:46", "text": "now. It says fill all metals contracts."}, {"end": "00:30:55", "start": "00:30:50", "text": "All right."}, {"end": "00:30:57", "start": "00:30:52", "text": "All right. We'll go to sell max."}, {"end": "00:30:58", "start": "00:30:55", "text": "Sweet."}, {"end": "00:31:02", "start": "00:30:57", "text": "And it looks like I already got the food"}, {"end": "00:31:05", "start": "00:30:58", "text": "one. So, it says complete quest."}, {"end": "00:31:08", "start": "00:31:02", "text": "Nice."}, {"end": "00:31:10", "start": "00:31:05", "text": "There we go, man. 95,000 XP and an extra"}, {"end": "00:31:13", "start": "00:31:08", "text": "33 atlas. Sweet. All right. Next, it"}, {"end": "00:31:14", "start": "00:31:10", "text": "says, \"Transport two crew members um"}, {"end": "00:31:16", "start": "00:31:13", "text": "from your central space station to the"}, {"end": "00:31:17", "start": "00:31:14", "text": "medium.\" Gez, I wish I read that first"}, {"end": "00:31:19", "start": "00:31:16", "text": "cuz I could have done that both of those"}, {"end": "00:31:20", "start": "00:31:17", "text": "at once and gotten those crew members"}, {"end": "00:31:22", "start": "00:31:19", "text": "there. So, I'm going to send Ralph and"}, {"end": "00:31:24", "start": "00:31:20", "text": "Stanley back to the central space"}, {"end": "00:31:27", "start": "00:31:22", "text": "station, grab two crew members, and then"}, {"end": "00:31:30", "start": "00:31:24", "text": "bring them back to um Carmeck here or"}, {"end": "00:31:31", "start": "00:31:27", "text": "Calmeck. I guess it's just KCK. So, I'll"}, {"end": "00:31:33", "start": "00:31:30", "text": "see you guys soon"}, {"end": "00:31:35", "start": "00:31:31", "text": "later that same evening."}, {"end": "00:31:38", "start": "00:31:33", "text": "All right, my fleet made it back to Nuno"}, {"end": "00:31:39", "start": "00:31:35", "text": "and I'm going to dock it. I am going to"}, {"end": "00:31:42", "start": "00:31:38", "text": "I'm in the hanger now and I'm going to"}, {"end": "00:31:44", "start": "00:31:39", "text": "hit on passengers and I'm going to"}, {"end": "00:31:46", "start": "00:31:42", "text": "change this number to you need you need"}, {"end": "00:31:47", "start": "00:31:44", "text": "16 crew in the fleet to actually like"}, {"end": "00:31:49", "start": "00:31:46", "text": "operate the fleet. So I'm going to"}, {"end": "00:31:53", "start": "00:31:47", "text": "change this number to 18"}, {"end": "00:31:56", "start": "00:31:49", "text": "and then I can hit finalize passenger"}, {"end": "00:31:58", "start": "00:31:53", "text": "manifest. That means I have two extra um"}, {"end": "00:32:02", "start": "00:31:56", "text": "crew members in my fleet. And now I can"}, {"end": "00:32:05", "start": "00:31:58", "text": "send our boys back to um Kamk where we"}, {"end": "00:32:07", "start": "00:32:02", "text": "were before. So, I'll undock it"}, {"end": "00:32:10", "start": "00:32:05", "text": "and we are going to subwarp it back to"}, {"end": "00:32:12", "start": "00:32:07", "text": "Kamik."}, {"end": "00:32:13", "start": "00:32:10", "text": "Start subworp. And what I realiz is we"}, {"end": "00:32:15", "start": "00:32:12", "text": "never listened to our space girlfriend"}, {"end": "00:32:16", "start": "00:32:13", "text": "describe this quest. So, while we're"}, {"end": "00:32:18", "start": "00:32:15", "text": "waiting for that to go back, let's"}, {"end": "00:32:20", "start": "00:32:16", "text": "listen to what she has to say."}, {"end": "00:32:22", "start": "00:32:18", "text": "Even if the people you helped aren't"}, {"end": "00:32:24", "start": "00:32:20", "text": "real, you can't help but be moved by"}, {"end": "00:32:26", "start": "00:32:22", "text": "their reaction. When you deliver the"}, {"end": "00:32:28", "start": "00:32:24", "text": "final bundle of contracts, the small"}, {"end": "00:32:31", "start": "00:32:26", "text": "crowd thanks you. citizens of all ages"}, {"end": "00:32:34", "start": "00:32:28", "text": "and species, cheering, thanking, some"}, {"end": "00:32:36", "start": "00:32:31", "text": "crying over what in truth is so little."}, {"end": "00:32:37", "start": "00:32:34", "text": "It takes you back to your youth, to the"}, {"end": "00:32:39", "start": "00:32:36", "text": "days when emissaries of the Council of"}, {"end": "00:32:41", "start": "00:32:37", "text": "Peace or volunteers from the Order of"}, {"end": "00:32:44", "start": "00:32:39", "text": "Patra came to your world with crates of"}, {"end": "00:32:47", "start": "00:32:41", "text": "aid and voices full of promises. You"}, {"end": "00:32:49", "start": "00:32:44", "text": "feel right like this is what the job was"}, {"end": "00:32:51", "start": "00:32:47", "text": "supposed to be. Not grinding for Atlas"}, {"end": "00:32:55", "start": "00:32:49", "text": "or competing in faction polics, but"}, {"end": "00:32:56", "start": "00:32:51", "text": "helping, restoring, serving. As the last"}, {"end": "00:32:58", "start": "00:32:55", "text": "delivery logs into the Starbase"}, {"end": "00:33:02", "start": "00:32:56", "text": "manifest, a soft chime cuts through the"}, {"end": "00:33:03", "start": "00:32:58", "text": "air. You were expecting it this time."}, {"end": "00:33:05", "start": "00:33:02", "text": "Sage pretends she's busy scanning a"}, {"end": "00:33:08", "start": "00:33:03", "text": "cargo list, her golden silhouette turned"}, {"end": "00:33:12", "start": "00:33:05", "text": "away, but you know she's listening. The"}, {"end": "00:33:16", "start": "00:33:08", "text": "reward screen flashes. XP Zatlas and"}, {"end": "00:33:17", "start": "00:33:12", "text": "something else. An invitation one. You"}, {"end": "00:33:20", "start": "00:33:16", "text": "don't even get to open it before Sage"}, {"end": "00:33:22", "start": "00:33:17", "text": "speaks. Voice calm but clearly on edge."}, {"end": "00:33:24", "start": "00:33:20", "text": "Okay, Captain. There's something I"}, {"end": "00:33:26", "start": "00:33:22", "text": "probably should have told you earlier."}, {"end": "00:33:29", "start": "00:33:24", "text": "If you die in this simulation, you'll"}, {"end": "00:33:30", "start": "00:33:26", "text": "feel it. All of it. The pain, the"}, {"end": "00:33:33", "start": "00:33:29", "text": "trauma, real enough to knock you out for"}, {"end": "00:33:35", "start": "00:33:30", "text": "a while. Hollisim won't boot you, but"}, {"end": "00:33:39", "start": "00:33:33", "text": "you'll need recovery time. And this"}, {"end": "00:33:39", "start": "00:33:35", "text": "invitation, it's weird, shady, and I"}, {"end": "00:33:41", "start": "00:33:39", "text": "don't like it."}, {"end": "00:33:43", "start": "00:33:39", "text": "Yo, man, I don't like it either."}, {"end": "00:33:45", "start": "00:33:41", "text": "She finally turns to face you, but I"}, {"end": "00:33:49", "start": "00:33:43", "text": "know you're going to accept it anyway,"}, {"end": "00:33:51", "start": "00:33:45", "text": "so at least don't go in alone. You nod,"}, {"end": "00:33:54", "start": "00:33:49", "text": "even if it's nothing. There's no harm in"}, {"end": "00:33:57", "start": "00:33:51", "text": "being cautious. She continues, \"I've"}, {"end": "00:33:57", "start": "00:33:54", "text": "seeded"}, {"end": "00:34:03", "start": "00:33:59", "text": "open the fleet stats, click the"}, {"end": "00:34:05", "start": "00:34:01", "text": "passengers tab, and select add"}, {"end": "00:34:07", "start": "00:34:03", "text": "passenger. Load them up and bring them"}, {"end": "00:34:09", "start": "00:34:05", "text": "here back to the star base where we"}, {"end": "00:34:10", "start": "00:34:07", "text": "delivered the contracts."}, {"end": "00:34:13", "start": "00:34:09", "text": "She pauses."}, {"end": "00:34:15", "start": "00:34:10", "text": "They're loyal, trained. They'll keep"}, {"end": "00:34:17", "start": "00:34:13", "text": "their eyes open while you do. Whatever"}, {"end": "00:34:20", "start": "00:34:15", "text": "this is, I'll stay behind. Watch your"}, {"end": "00:34:23", "start": "00:34:17", "text": "back from the sky. Don't worry. I've got"}, {"end": "00:34:25", "start": "00:34:20", "text": "a few tricks of my own left, too. She"}, {"end": "00:34:27", "start": "00:34:23", "text": "steps aside, giving you the space to"}, {"end": "00:34:29", "start": "00:34:25", "text": "move."}, {"end": "00:34:32", "start": "00:34:27", "text": "Good luck, Captain. I still think this"}, {"end": "00:34:35", "start": "00:34:29", "text": "is a mistake, but I told you before."}, {"end": "00:34:37", "start": "00:34:32", "text": "Where you go, I follow."}, {"end": "00:34:39", "start": "00:34:35", "text": "All right. So, uh, yeah. So, our boys"}, {"end": "00:34:41", "start": "00:34:37", "text": "are on their way back, and I'll check in"}, {"end": "00:34:43", "start": "00:34:39", "text": "as soon as they get there."}, {"end": "00:34:44", "start": "00:34:41", "text": "Eventually."}, {"end": "00:34:46", "start": "00:34:43", "text": "All right. Ralph and Stanley are there"}, {"end": "00:34:50", "start": "00:34:44", "text": "with the two um over at Kamik with the"}, {"end": "00:34:53", "start": "00:34:46", "text": "two passengers. So, let's dock."}, {"end": "00:34:54", "start": "00:34:50", "text": "And I can't remember. I don't usually uh"}, {"end": "00:34:56", "start": "00:34:53", "text": "move passengers around. Let's see if I"}, {"end": "00:34:57", "start": "00:34:54", "text": "can figure this out. Let's go"}, {"end": "00:35:03", "start": "00:34:56", "text": "passengers."}, {"end": "00:35:05", "start": "00:34:57", "text": "Um so just two disembark."}, {"end": "00:35:08", "start": "00:35:03", "text": "Or maybe we just go 16. Is that what we"}, {"end": "00:35:08", "start": "00:35:05", "text": "do?"}, {"end": "00:35:12", "start": "00:35:09", "text": "All right. I'm going to change it my"}, {"end": "00:35:14", "start": "00:35:10", "text": "ship count to 16. So I should have two"}, {"end": "00:35:16", "start": "00:35:12", "text": "passengers there. Oh, yep. It looks like"}, {"end": "00:35:19", "start": "00:35:14", "text": "I did it cuz now I can claim that"}, {"end": "00:35:22", "start": "00:35:16", "text": "reward. 100,000 XP"}, {"end": "00:35:25", "start": "00:35:19", "text": "plus some more Atlas. Man, we are"}, {"end": "00:35:27", "start": "00:35:22", "text": "cruising now. We're level 18. We're in"}, {"end": "00:35:28", "start": "00:35:25", "text": "the top 200 for the global rank. And you"}, {"end": "00:35:30", "start": "00:35:27", "text": "know what, guys? I think I'm going to"}, {"end": "00:35:31", "start": "00:35:28", "text": "end this video here. Thank you guys so"}, {"end": "00:35:33", "start": "00:35:30", "text": "much for watching. Make sure you're"}, {"end": "00:35:35", "start": "00:35:31", "text": "subscribed and I'm going to keep on"}, {"end": "00:35:36", "start": "00:35:33", "text": "doing this uh storyline playthrough cuz"}, {"end": "00:35:38", "start": "00:35:35", "text": "I figured it might help some people that"}, {"end": "00:35:40", "start": "00:35:36", "text": "get stuck on certain uh certain"}, {"end": "00:35:41", "start": "00:35:38", "text": "storyline missions. So, you know, I'm"}, {"end": "00:35:43", "start": "00:35:40", "text": "doing it anyway. I might as well keep"}, {"end": "00:35:45", "start": "00:35:41", "text": "recording it. So, make sure you are"}, {"end": "00:35:47", "start": "00:35:43", "text": "subscribed. I'll talk to you guys in the"}, {"end": "00:35:50", "start": "00:35:45", "text": "next one. Make sure you hit the like"}, {"end": "00:35:50", "start": "00:35:47", "text": "button, too. Bye."}]