Hello everybody whoops kill one start the other always there's always a bug anyway everything is surging the question is can anything stop everything from surging because things are absolutely Bonkers right now I tend to sandbag my numbers and my numbers tend to be kind of some people say hm orBullish but wow things are moving way way faster than anybody expected in fact as we speak right now well a token that will remain nameless is actually surging even more that means some of the data I will share that I just put together half an hour ago is now out of date becauseThings are moving so fast anyway this is a video about the preh having Surge and if anything can stop it remember we are still very far away from the hav and things are moving way faster as I covered last last week exactly this time last week the question is can anythingStop it or will Moon vember movember movember whatever you want to call it be even crazier than October so let's go crypto Mark cap was still just shy of a 1.3 trillion hello Sir Winston thank you so much 24-hour volume 41 billion last week it was about 65 billion bitcoin price is nowExactly 34 ,600 and Bitcoin market dominance is 52% but who cares um ethereum is just over ,800 and the market is greedy at 66 kind of hope I got all that right and this is edutainment not Financial advice just a guy on the internet sharing tonsOf data and today we have oh I don't know let me see 50 nuggets of information that we'll get through real fast so buckle in first of all we're going to start with the good news and I actually forgot to take snapshots of where the market is divided by BitcoinMaybe I can do that live I can pull up the chart but here if we look at some crypto Stats today so far market cap is just over 1.3 trillion transactions just shy of 40 million that's down from where it was last week but the users are upNearly half a million new Bitcoin users which is pretty darn good let me see if I can pull up the live uh of where we are over the last week because I think this will be important to show as well let me just pop this up bear with me andYou can see that everything divided by Bitcoin hold on I have to share this because I forgot to pop it in it's such a busy day I forgot to mention as well happy Halloween I'm forgetting a whole bunch of stuff today because it's just so busy because things are so Bonkers soLet's go to hopefully my browser and this is the site that I pull from and if you can see here hopefully it's sharing this is the performance over the last seven days divided by Bitcoin as you can see one Bitcoin is one Bitcoin but salana up another 11% it's been smashingBitcoin every single week for the last month uh Cosmos is also dark green run is dark green as well uh but other things are still lagging behind ethereum is still 2% under Bitcoin performance cardano has actually beat Bitcoin by 0.2% uh that's interesting probably in preparation for the show that they haveComing up in Abu Dhabi as well so let me try to get back to wherever I was this is always tricky juggling too many different things put my camera on okay crypto stats we have that and I shouldn't try juggle there's like so many screens I can't even find whichOne switch anymore here we are all right let's move ahead and get rid of this I'm back so I just want to share one little tweet which I thought was quite profound as well today this is from Zero Hedge but not the Zero Hedge that I read but aGuy called Wick but imagine seeing an asset go up 125% from its lows in less than a year and still not thinking we're in a bull market yes there are a lot of people that think that we are still in a bare Market a lot of people who areStill bearish which is insane crypto AI what a cool name but now imagine what asset managers and institutions are thinking while seeing it from this perspective right I've been talking about this for a while of how when you are running money and you are seeing crazy gains happening that you knew wereGoing to happen but they're happening sooner than expected the institutions and Wall Street are getting extreme fomo now and they cannot wait to get on the train and that's why I believe the whole story is the surge will continue because that's spot ETF is coming but now peopleAre trying to get on the train and other proxies and everything else while they can and we see that with the money flows too so a lot to cover today but I thought that sets the stage very well for where we are October we're up 28% soFar in oober remember November is a huge month as well November typically the average returns to bitcoin at 38.5% the average returns for October are keep saying this time is different this time is very different things are moving faster because Supply is scarcer real simple so skip those two they're out ofDate and that I didn't do yet but let's talk about fear and greed still greedy at 66 so was even higher it actually bounced off 70 two days ago and that is bunkers and when things are greedy it's kind of like big correlation between greediness and fomo and people areFeeling fomo right now people have not packed their bags they're not on on the train and now they're really beginning to panic and there'll come a time where they're just going to bite the bullet and jump in but we could be at this pace we could be very close to 40,000 by thenAnd I'll explain why with a couple of charts first of all spot volumes are back the price rally has been accompanied by a notable increase in spot volumes you can see here we are now looking at over 40 billion on the back of the surge rising to a six-month highAnd other than Bitcoin as well Trading volume in all coins also has shown an uptick now you can see here the biggest player is still binance followed by coinbase and a bunch of others but uh those two you can just track them alone and get a feel of what the market isDoing Market is doing pretty well in addition it's an Institutional game I've been saying this I've been watching whale wallets watching onchain transactions this is from into the block and you can see here this is the largest number of high transactions all year this is an Institutional game ladies and gentlemen35,000 large transactions that means over $100,000 in value Bitcoin transactions are happening so that's somebody buying or moving three Bitcoin or more which again not many people push around you know those rapid transactions of $100,000 plus but still these are considered large transactions the point is it's the highest it's been all yearWhich is stunning thank you Ben and Sam next in the Box let's look at the last week of performers like we always do Bitcoin up 345 now it's 346 eth $1,810 and binance 227 binance is lagging behind obviously because all the Flack it's been gettingNow this is the preh having run and the story today is can anything stop it let's see how many days we have left 164 days now what's interesting about this let me blow it up so you can see it carefully I originally said earlier in 2023 that April 14th would be the havingDate and then this clock uh I started sharing about four or five months ago they said April 17th then they flipped to April 12th now it's April 13th wow it'll be interesting to see if April 14th is ultimately the day could be either way it'll be plus or minus say 48Hours I believe around April 14th based on my calculations now I keep talking about Supply Crunch and this is super exciting Bitcoin short-term holder supply has never been lower this chart is from Bitcoin strategy and it goes all the way back to the year 2011 it is never been this low ladiesAnd gentlemen and what does that mean when the short-term holder Supply is that low record low does anybody know yes of course you do the long-term holder Supply is very high okay and these people are not letting go and the institutions on Wall Street are beginning to freak the hellOut because they're watching this train go up more than 100% in a few months and they're not on it and they need it soon and literally I guarantee you Larry Frink out there shout out to Larry good to see you in the audience he's probably biting his nails right now saying get meThat spot ETF ASAP very important to be in fast because their job is to generate returns for their customers that's it now let's look at another cool chart too I did a little bit of uh calculations here on this one so if you look at the Bitcoin havingProgress exactly where we are today compared to previous Cycles so in the it's called technically it's called the second cycle but many people still refer as the first because the first cycle was really Bitcoin was in its infancy but this back in 2015 the Bitcoin price fromThe date we have today in the same level of the having run bitcoin price went from 369 to 698 that means from October 31st 2023 to April say 13th 2024 that's that little white strip that's the same window of time we're talking about the approximately was 164 days or somethingGive or take a day that's how much we have left now in the first proper run we ran 89% in the second proper run it went from 6,930 to 9,980 but we did have that c19 blip in the middle the having was in May 2020 the blip was in March 2020 that'sThe dip so even taking that out we still had a 44% gain all right and the market was very rattled if that c19 blip didn't happen it probably would have been a lot more but if you pull out the average of this between 44% and 89% that means weCould technically have a gain of 68.5% okay now if we calculate 66.5% okay so if we take 1. 665 and multiply that by 30 call it $35,000 approximately in my little head that could take the Bitcoin price everybody ready to 2K by April 14th 2023 it's out there in videos now it'sLooking like it could be a lot higher but there's more there's always more this is from ecoin metrics and their little chart shows you kind of where we are based on history and the old cycles and the title again of this is well can anything stop this prehHaving run we are still so early I'm not saying we're going to do a 539 X in the first side cycle or 112 x like in the second cycle or a 21x like in the third cycle but literally this could this could easily be a 6 to 10x atThis rate based on the amount of Supply that's available for purchase and the amount of money that's coming into the space this time is very different okay so another interesting news too and shout out to Sanjay for sharing this China and Russia especially the these two major central banks have had anotherColossal year of buying gold hm well perhaps we're not sure but they're trying to distance them themselves away from kind of the western system and dollar hedony thank you The Great Escape but also they are trying to engineer perhaps I guess a new gold standard for their reciprocal transactions in bricksBut imagine what would happen all right after this colossal year of buying gold imagine if Russia and China start buying Bitcoin they'll soon figure out it's a better it's a better gold it's a digital gold safer gold it's more verifiable Etc less fraught with other types of risksThat one day could be the background the underpinning behind bricks and that would be interesting then I'm sure us politicians would really hate Bitcoin at that stage anyway separate issue but that's the gold news now money flows for years and years I've been sharing this chart and never before has become moreImportant to share I always say follow the money digital asset investment products saw inflow of $326 million the largest single week in nearly two years Bitcoin garnered 90% of the inflows about $296 million and that shows it's reflected in a lot the price action too there but there's one other playerThat's also garnering a big chunk and if you follow me on Twitter you'll you have seen this yesterday this okay two names matter okay Bitcoin pulled in 296.32 24 million salana the crumbs that went to the other all kinds are completely NE negligable that is where we are right now all theMoney is now going into these two assets and ethereum drained ethereum fell another six million down 125 million year to date you know I'm sometimes I I kick myself when I make a mistake I should have followed the money earlier I've seen the trend of ethereum bleedingAll year it's like why the hell didn't I just dump my eth and stick it in Sal wow that would have been Bonkers but anyway I I do have heavy concentrations and I didn't want to be all in on Sol in case something happened but uh and of courseI have Bitcoin too and many equities as well but let's talk about salana and what's going on because we do have obviously breakpoint happening right now live in the Netherlands uh they came out with a bunch of stuff in fact we've been talking about fire ancer quite a lot onThis CH on this channel and later I will do another free substack we'll talk about substack in a minute exactly on this topic because it's too complex to portray in two minutes in a short video but basically what this says they have now developed a technology that is onBeta has a live a live beta version is now running on mainnet and yes this is nuts everybody sit down please make sure you're sitting they can do 1 million transactions per second per tile okay what this basically means and this is on generic Hardware thank you MrSloan this is on generic Hardware out there if if ladies and gentlemen they throw more cores at this and more bandwidth the transactions per second of this chain will be nearly infinite okay infinite this is only using four cores 1 million TPS and as we know Hardware is gettingCheaper bandwidth is getting faster the future is extremely bright and this stuff now actually works it's still in beta it's not going to come out till another 6 months or or so and when that happens salana will be a chain that can handle anything and a couple of the useCases we'll talk about one the one they pretty much have as a slam dunk already with a partnership with Visa the 11th biggest company in the world is payments it's already done but you could move money around 4.25 of a dollar that's a hundredth of a penny approximately I I get confusedWhen it's such a small small amount but when when you make things so cheap it doesn't give anybody an alternative to go anywhere else Mr Weston out there I know you're a big salana holder so congratulations to you too but payments at scale is the underpinning of everything for theFuture anything you do whether it's moving money buying something playing playing a game paying for service trading whatever it will involve payments that is the key underpinning of this whole new world we're moving into very fast in addition uh we have now new salon noes on running on AWS Amazon webServices which is good it already works on gcp which is Google Cloud platform now they got the big two ready to go which is big as well and in terms of those who care about energy and efficiency a transaction on salana now costs about 04 of that of an eth I won'tEven talk about how much it cost to do a transaction on something like Bitcoin Etc but it is cheap so it now has that little ESG box check not that anybody cares about ESG anymore but if you do carbon front print will be minimal and that is massive so a lot ofGoodness coming out of this this show and this chart is now out of date it's now um the year-to-date return on salana is let me pull it up make sure I get the number exactly right uh whoa it is hold on I got to calculate it to the actual Penny278 279 per. it was 267 half an hour hour ago now it's 279 per uh year-to day growth which is completely insane so a lot of people are very happy to be on that particular train again follow the money look at the results and the black hole theory thatI've always spoken about best cheapest fastest most secure is now beginning to happen so let's move on alt season are we still there yet no we're not actually because Bitcoin is still very very strong when you compare it to the top 50 old coins so it's now at 16 it's beenThere a while but I always talk about excising the actual winning names is so important in the investing game in fact these are the top performers over the last 90 days I have green arrows signifying what I own one of them I regret it's the one in the middle it'sCalled ethereum that has been lagging over the last 90 days it's only up 0.3% at least it's not losing money uh Bitcoin is there as well up about 26% for the last 90 days render um just mentioned the ones that I actually own render is up 36.4% salana up 60% it's actuallyDepending how you measure it it's up 70% I think over the last 30 or 40 days an injective protocol up a monstrous was that 69% over the last 90 days as well so the key is everybody and I know it's really hard I talk to people every dayShed the old garbage it's not going going to make it so that's the hard truth that you're going to hear from me that you heard from me for years and it's pretty easy to identify what they are now let's look at the top three winners and losers of the week runSalana and near good to see near back in there and uh near I have studied a lot for many many years but it's still not in my stable for obvious reasons H Mina stacks and maker all down it's funny Mina and maker were both showcased in last week's octave because they were onThe top part of the chart last week and it shows you how things mean revert we'll talk more about the importance of looking at mean reversion in a little while too what goes up sometimes comes down but sometimes in very rare occasions things go up and they don'tCome back think Tesla in March 2020 it went up it did 800% it never came back down so certain things like that can actually happen so be careful let's look at some grayscale proxy discounts uh right now this is also kind of stunning last week the gbtc discount was 15 %This week is 13.69% it did fall as low as 12.5% a couple of weeks ago but remember the beginning of the year it was 49% and that Delta from 49% to 13.69% is 28% reduction in discount uh the eth discount was 55% 11 weeks ago now it's 20.74%And uh that Delta is 165% but in a very very short window of time and uh this shows you what's happening behind the scenes people know the spot ETF is coming and they're taking advantage of these discounts right now so well done to every who played those discounts at50 or 55% nice move now let's talk about the FED watch this is an important piece because it could set up for very good November and December and we just came out from the equities world it was a rough October very rough because of war and other grumblings happening aroundThere and a lot of nervousness crypto is on fire in October as it normally is normally equities do well in October but remember when we had such a bunkers first six months of the year and even the first five days of the year and the importance of looking at history thatMeans the year ends strong and because we had a week week October that means there's very high probability I estimate 70 to 80% that November and December will end extremely strong okay but one of the key elements of that is this is the watch is the probability of hikes versusA cut and what happens over time so the 2-year treasury Futures price is in green and the probability of a rate hike is in that tealy Bluey color and then we have a new star that just entered the picture that's a probability of rate cutIt's now up so right now there is no longer any probability of a rate hike it'll either be a pause or a cut but a very low chance of a cut so we're looking pretty good right now and this means after they've paused multiple times it's highly unlikely despite all the theHaters in the comments say oh they're going to hike more going to hike to 10% I know I know this is just data which is normally right so I tend to trust data and not emotions from people so be careful of that and be careful what you listen to but again 90% probabilityAfter multiple poses they will no longer hike again next stage will be a another pause and then down the line a cut when I'm not too sure now let's look at Bitcoin NASDAQ correlations to these are risk on assets now over the last 90 days as well Bitcoin is up14.18% this is the first week in months where Bitcoin has actually beaten the NASDAQ and NASDAQ is down 7% that inverse correlation is a thing of beauty yesterday I have a very big position on Tesla and I have a very big position in micro strategy Tesla is part Equity partOptions strategies micro strategies all option strategies My Equity account only fell by 1% yesterday after um Tesla getting hit hard so it's nice to have that inversely correlated assets because it does eliminate some of the risk through diversification so an important point to note too for those of you whoLike to hedge their bags it's important to have a little bit of both and that's why we talk about both here in this channel now let's look about another bullish Factor too a lot of good news today so what I did was I analyzed the the Chicago Board of options exchange EquityPut call ratio and every day after trading the CBOE tells us the number of puts uh which are options to sell stocks compared to coals which are options to buy stocks and right now more people want to buy coals than puts and this is normally bullish because when folks areBuying puts it's bearish so what I have here is a chart and trading View and in the bottom red piece is the bearish Zone when you see those lines spiked down that means people are typically buying more puts than coals and the red line in the middle is a 200 day moving averageOf this and we are now shooting above that 200 day moving average that means we're getting into the bullish Zone that means people have a bullish feeling about the markets and they are buying a lot of coal options they're not buying puts anymore the time to buy puts andYou can see the genius is actually that did that how this actually does work if you go back to uh July June time frame a lot of put buying there in the middle that dip into the bear Zone they were on the money that's why I say follow theMoney follow the options Traders very important signals as well as we go forward all righty let's look at some other data too combination of Bitcoin and salana and everything else this is from coin metrics it's interesting they have salana on this chart but they don't have salana in their dashboard shout out toThe team coin metrics U but you can see here the year-to-date returns Bitcoin versus other assets salana smashes everything it's now 278 per not 230 so this charts from yesterday that shows you how fast these things move absolutely insane meta 140% coinbase 112% Bitcoin 109% ethereum 51% Apple 35Gold 9% woohoo shout out to the gold bugs and the S&P 500 only 8% re SP many times S&P 500 is about the Magnificent 7 nothing else speaking of that let's look at the Magnificent 7 this is the three-year returns uh going all the way back to c19 dip look at that beautifulPurchasing opportunity That's What I Call running into a burning building I closed my office door I cancelled all my meetings and I did nothing but Buy in the space of one day in fact that was the same day I bought all of my eth pretty much in one particular dayWatching it for years never took the plunge until that exact moment and that's why I I kind of do that strategy because it pays off and yes it can be like catching a falling knife or a piano hitting you on the head but normally it works out when you look atYour standard deviations of mean reversions anyway here you can see the Bitcoin I want you to focus your eye going back to the very beginning of 2020 all the way to the top right you can see that the Magnificent 7 was actually beating Bitcoin as of June2023 but since then bitcoin's been on a tear and magnificent s's gone down a lot of other names there as well for Tech energy Etc but again it's important to be in those select few assets that's kind of the big message of 2023 for you all don't have 60 pieces of crap haveFive or six pieces of really good stuff make sure they're the right horses too speaking of the right horses shout out to Michael sailor look at this and again H A lot of people thought he was crazy and he probably went through a very painful period in the bare Market asMany of us did but right now this is my little chart um it's on patreon if you want to play with it and look at it and everything else this is the history of all their Bitcoin purchases their average cost basis the Bitcoin price today it's actually higher and they have 158,159Million in profit but you know what he borrowed a billion dollars at 0% until 2027 a billion dollars at 0% and he bought Bitcoin with it now he can make nearly that much in a very short window of time he only turned profitable in Bitcoin once it gotThrough that key level of what over 28,000 uh dollars now he's got a nearly a billion dollars in profit and it will be a billion dollars in profit very very soon in fact it's already north of 750 million based on my calculations right now so well done to Michael sailorSwitching gear is talking about another Equity too there's nothing nothing but mainstream media fud about the fact that EV selling sales are down nobody's interest in EVS anymore yes because there are like 200 companies that make EVs and they're all too expensive or they don't have any good features ofFunctionality Etc they don't drive themselves but Tesla is not slowing down despite a hard economy in China right now the Gold Line is 2023 this fromi on Twitter you can see here compared to the green line in 2022 there is no slowdown and this also includes the new model 3Refresh that completely not only paused production but paused sales of cars in China at the time so nothing there in addition Deutsche Bank a very conservative analyst his name is Emanuel Rosner from Deutsche Bank he's a car analyst he looks at like the GMS andFords Etc and he came out today and he said okay Ford price Target $10 sell you know and GM is a hold 33 in fact I think GM is in way worse shape than Ford I think they're both going to be dead in eight years but that's just me but forHim to come out and say as a car analyst hold and a very low price targets or tell people to sell forward is kind of stunning but the other interesting part is he said Tesla is going to $275 now as far as I'm concerned Toyota Toyota motor company made a big mistakeWith hydrogen now they're trying to pull a solid state battery out of their hats and they think they'd be able to do it better cheaper faster than anybody else they're going to have serious problems but they're to so they're very good at kind of copying stuff and making stuff better GeneralMotors be gone in seven right years without multiple bailouts from the US government stantis no EV play the world is transitioning to EVS 80% of cars will be EVS by the year 2028 or within two years of that uh forward they're pulling back they're cars yes they did manage to get a coupleOf EVS out but they can't get them right and they're far too expensive and right now it's all about opening up the market is having a lot of value for your car at a very low price that's where Tesla Crush everybody and Volkswagen mistake after mistake after mistake controlledHeavily by unions and we know what unions do in fact I believe the UAW is accelerating the demise of for GM and stantis because they now control everything yeah it's it's crazy that a guy in the internet can see the stuff as clear as day but nobody else can anyway that's theMagical thing now I did promise you we talk a bit about mean reversion here this is Tesla Tesla over the last nearly two years has never had a near negative three standard deviation mean reversion off of price and it's coming off what I would call the most oversold meanorVersion in at least 18 months so now how if if I'm right about November and December being rally mode and if I'm right about this chart Tesla will go a lot higher over the next eight weeks and once we start getting a feeling for production numbers on January 3rd or 4th2024 then earnings come out game over 20 and q1 2024 as well results in April will be stunning as well no doubt in my mind by the way uh I'll do recap on fire dancer today it's free to subscribe you get a lot of valueOut of it and if you want to pay for the full version It's 45 bucks a year but I subscrib to about 50 substacks literally they're all way more expensive than this one this is written by our community writers shout out to Jack and Luke and everybody else um but alsoUm it's very concise energy dense and it will pave the path for your Financial Freedom so I wish I wish I could subscribe to one like this cuz I would have to do all the work I do anyhow time for some bad news everybody always someBad news and that was shout out to our community writers that it helps them buy Tesla shares believe it or not so bad news now a lot of concern I had over the last couple of days about this RSI weekly is overbought uhoh we are toast everybody now I started off very bullishAbout Bitcoin as Bitcoin shoots above $34,636 Sal is about to hit 38 crazy how things change in a year anyhow a lot of people are concerned about this RSI being overbought on the weekly remember this can sometimes happen but as I spoke about earlier in the show sometimes things can beOverbought if there is ample money flow coming in as I showcased where was it let me pull it back here money coming in that can keep the overbought situation higher for longer begin to sound like the FED right now which is very important also sometimes things go up and they neverCome back down again I.E some assets we're looking at so far this year will they come back I don't know I doubt it there too much good narratives Tesla back in the Years others but there is another situation I want to share with you regarding this RSI overbought fromThe team at I think it's crypto con uh that put this together this is how the RSI can remain overboard for a long period of time if there is sufficient money coming in so don't be alarmed by having an RSI overbo situation but you can see here back in November 2015 yeahIt was overbought and the price went up for years so that's what can happen too so be aware of that ladies and gentlemen out there as well and let's look at the eth Bitcoin pair chart very important one this one has disappointed many including myself now we're at 052 andLiterally this could be a level of support I do see the trend beginning to turn here we are so far away from the 200 day moving average it's actually insane um but the question is is the eth killer which is called salana is it already killing eth that's the concernAnd that's maybe why there's no money flowing into this asset but the asset is bleeding so we'll see if this eth Bitcoin chart can hold up I do believe eth is a good value here a conservative value it is still the 800 pound gorilla 8 85 9% of everything in D5 runs throughEth or in eth layer 2 so it's still there it's still still a powerful machine but this is this is a stunning this is definitely an oversold position unless of course the chain is actually dying now time for the ugly new news and this is of course from The Good the BadAnd the Ugly uh show I used to Spaghetti Western I watched as a kid H let's look at the unlocks and you can see here a couple of the names uh that are definitely dumping over the next seven days GMT blur dydx G near and SOI theseAre the ones to watch for and they have greater than 1% unlocks some heavier than others so expect a bit of soell pressure but you know if there is sufficient money flow going into an asset it can withstand these token unlocks very important to rememberToo just like we showed about kind of an overbought RSI if the money keeps coming in it can stay overbought for years and that's the magic of money flowing and everything else and shout out to every and patreon the one place for everything that you need if you are interested inSecuring your financial future so thank you everybody 3,000 people watching live now you know no it's definitely that's a bull market indicator right there I want to thank everybody as well uh in the chat Piper and far and K8 and T&D Tesla and all the BS and theRyan and everybody else I appreciate each and every one of you hope you enjoyed the show I try to keep this to 30 minutes I failed today it's 37 minutes but uh a lot of stuff to get through enjoy the video this this could be the best Bull Run we've seen since 2015Um yes Steven Weston asked a quick question uh I just had somebody ping me with that let me pull it up is it too late to buy a lot more salana for the long term so Stephen I thought you had your bags packed buddy making salana videos for you forYears now at this stage at least over the last year um so let me let me go back I tell you about my four first four Salon purchases first one was at $10 second one was at $20 third purchase was at $35 because I I document everything I remember of likeA like like a elephant my fourth purchase was at $22 so remember my third salana purchase ever was at 30 for five bucks which is exactly where we are now and that is going way back to like I think it was April 2021 so that's you know maybe 2 and aHalf years ago I was buying salana 35 bucks so your question is is it okay to buy today yes is it going to 100 bucks at this rate yes and probably a lot higher especially with all the crazy news that's coming out but the problemIs you know if we say I covered this a couple of times if we go from 35 to 100 that's a 3X but if you're buying at eight or under 10 and it goes to 100 that's a 10 or 12x and that's the difference so getting in early gettingHard you get much more Roi but is it still going to 3x I don't have a crystal bow but with everything that I see and all the goodness that's going to happen in 2024 and the Partnerships the technology breakthroughs hell's yeah this is going to be the consumer chain as I've alwaysSaid but it's just all everything's just happening much faster than I expected so yeah it's not too late never too late and uh you know even me I'm buying things like Tesla now at this level and I've been buying Tesla since 2017 so uh never stop layering into good assetsThat's the message for everybody thank you all for coming thank you to the mods in the chat see you all soon bye see you in the comment there Elon buying Soul maybe Twitter will be running on salana wouldn't that be incredible wow all my assets will be converging anyway goodNight everybody thank you all for coming bye-bye

Hello everybody Welcome in it is Sunday and that is patreon Q&A time hello everybody thank you all for coming hope everybody's doing fantastic and thank you to the mods in the chat and everybody for being here this is an interesting Q&A today because things are really heating up outThere in the world and not only in the world but also in the crypto sphere too so let's jump in and go through all of this stuff we'll be talking about pair trading macr trading commodity trading crypto uh Tesla the future financial services and a whole bunch more so let'sJust jump in all right now let me let me find where are my there you are yeah got it all right and of course as I go through this everything is just entainment just a guy on the internet and I want to shout out to everybody inPatreon to make all a lot of this possible possible and this from Badger 11 I can buy a share of James's and team's knowledge for $9 a month ridiculous value thank you Badger for saying that about our patreon group yes number one source of alpha I thinkAnywhere and it's been it's been a very good year as well so let's talk about Bitcoin real quick Bitcoin is trending uh I just want to deviate from the norm before I jump into questions everybody is buzzing about Bitcoin literally just over the past two weeks it's gone insane mainstream media traditional FinanceRags friends and family everybody is buzzing it's a very good thing for the space I also see it here in the views views have doubled literally doubled in the last two weeks so you can see this Google Trend stuff actually works and the other thing I want to remind peopleAnd it's kind of a bit of reality but I get this question all the time and also a lot of people are saying things right now that oh the bull market has just begun no the bull Market begins literally a year after the bare Market starts which would have taken us back toMiddle of November time frame but it definitely started in Earnest on 17th of January 2023 which is nearly 11 months ago so 10 months ago or so but the key thing really and as everybody says hey Mr Weston as everybody says oh the bull Market's beginning well no ifYou're buying Bitcoin at 15,500 and selling it at 100,000 that gives you an Roi 545 per. but if you're late to the party and you buy a 35,000 and you sell 100,000 your Roi is only 187% that's the just the importance I keep stressing of getting in earlyGetting in hard and seeing exactly how things work thank you Mr Mike I appreciate you all right very first question straight into it Tesla gbtc ratio and uh they put me on the spot ad Dube 33 the Tesla gbtc ratio is starting to look attractive however I am tornWhat are your thoughts on converting some gbtc to Tesla given the multiple upside of a looming ETF might I miss out on a big gbtc move and what looks to be the faster horse between now and the having so as usual I'm going to put my on the line and give my pricePredictions for April 14th 2024 which I believe is the date of the having and again I've model this many many different ways using charts and analytics and Trends and models and everything else so I'm interested to see how exactly this will work and we're pretty much like 20 weeks away these areMy targets and first of all every asset has a price uh I've always said all year my target for the having was between 35k and 42k we are at 35k already and we're nearly five six months away from the having so that's nuts so things are moving much faster than previous CyclesBut these are some of the things I would like to share with you to answer your question first of all if you take the price right now and by the way uh I ran this model last night the price was 3478 now it's 34,700 so it's gone up aLittle bit but that's a small potato but here actually I should have refreshed it because it is tied directly to a Google sheet that has all the data live anyhow leaving that aside my target now has gone from 35k up to the higher end of42k by April 14th 2024 that is an Roi 23% from where we are today and if you invested $10,000 in Bitcoin today you'd have 12,324 by April now Tesla is trading at $27.30 uh my target uh for April 14th IS350 bucks okay it was 300 now it's 350Because they're going to have so many Tailwinds and I know people are crying from the rooftop saying oh they're not able to sell their cars and there's so much fud because Elon is probably the most hated man on Earth embrace the fud because it's delicious because it enables us to buy an assetThat should be priced at $350 to $600 for only $27 so I you know a lot of people get sad when they see price go down I actually get happy because you get a chance to stack but the ROI if we do hit that Target at 350 will be 68.845 will be worth16883 now gbtc is a little bit different all right because I do also expect this SP you have to be approved which means the gbcc discount of at 15% right now will go to zero therefore if the discount goes to zero gbtc should be trading at $295 it's currently trading at$25.7 and mapping that to my target of 42,000 Bitcoin that would make the price of gbtc $35.92 and that is an Roi of 43.3 1% so from these three assets literally if I'm right and I could be completely wrong any of these assets could go toZero okay it's just the reality but if I'm right Tesla is the best bet gbtc is the second best bet and Bitcoin is the third best bet and again Bitcoin could go to 100 Grand in the next three months four months depending on how much moneyFlows in and when the spot ETF has approved things will be bunkers in 2024 2025 as I'm saying all year as well I sound like a broken record it's an exciting time to be alive let's look at some more models as well to back up kindOf what I'm talking about let's look at the pair tra this is Bitcoin divided by Tesla and you can see here very clearly how the results actually show up you have a pair that typically bounces off about 100 and goes up to about 160 180 when it's atThe bottom level that is the you got 100 shares for every Bitcoin that's typically a time to buy you buy your Bitcoin and then when it goes up to about 164 180 175 shares whatever it is of Tesla per Bitcoin you flip back and we spend literally half the time aboveThat red line in the middle the 200 day moving average and half the time below when we're far above it and things always mean revert it's typically a good time now that being said a model is a model the model cannot anticipate how much money will come into Bitcoin weKnow Bitcoin is ultimately hard and extremely scarce long-term holders are not selling till they see a very very high price therefore things could go crazy this could go out the window because this time is different but let's look at the mean rsion real quick we're overlaying the mean version onto theIdss model and again that also confirms we are at that cell level we are very overbought for this pair so putting all those things I think based on the data based on the multiple models based on my price targets I do believe between now and April 14th Tesla could be the fasterHorse but we'll see something could happen to Elon uh something could happen to the company literally World War III could happen the economy could crash entirely who knows so hope that helps next question is from Lloyd would you buy call options on Bitcoin eth now andIf so at what strike price and how far ahead EG on derit so let's jump in and there's a reason like I'm an options Trader why have I never bought an option on derit or any of these other places let me explain why here we are these areThe live and I have an account uh I don't use it though but uh if you look at all the options for Bitcoin right now you can see we only go out to 27th of September 2024 which isn't very long it's like n nine monthsAway and if I'm buying an option I like to buy a long-term option that means 12 months plus and I like to sell a short-term against it that's my my model that's what I do I also like to buy half intrinsic value half time value and that would Place me somewhere around thatLet's I just fast forward to exactly where it is this is the actual option now the bid is on the left $10,100 I think this actual option is for the $30,000 can't really see it here but it's for the I think it's a $330,000 strike uh on bitcoin which is basicallyHalf intrinsic half time value now if you look at the spread this is Bri aola which is insane spread everybody and we have our Chef here who understands German that's for you buddy but you can see the bid and ass Delta is over $3,000 that's a 3.69% spread you can't make this stuffUp derit is making bank off the backs of retail investors that is absolutely ridiculous so if you're buying that option you're paying way over what it should be priced at and if you're selling you're going to get nothing for it and that makes it impossible to trade these things profitably not impossibleBut there are times when you would do this is like Bitcoin at 15,500 then you buy at the money or even out of the money options but you got to make sure you have enough time so if you did that 10 months ago you'd be fine butThat's why you got 10 months and I like to buy at least a year here now let's compare this to what I do trade for options and it answer to your question this is the micro strategy option spread the spread is 2.93% versus over 30% on the deritOptions and here your way better off if you look at the bid ask $285 versus $224 H that is a $6 Delta on a 200 plus premium and that's on a 2.93% spread so therefore play the proxy and that's why even though many could argue micro strategy is more risky I think theOptions are way way better Financial sense hope that helps next question from Greg M what about trb Tor it went from $15 in September 1st to $115 in October 25th well this is exciting so as you know we analyze all the top 500 cryptos in our compendiumAnd Teller is number two out of all oracles and data management platforms uh it is a decentralized platform it is reliable secure data feeds it's got some pretty okay Partners except for one which I think is a bit dodgy uh they are kind of trying to find a way toCompletely redo the way Oracle oracles work but they're also partnered with the firms like the likes of Chain Lake which is also a competitor and we've seen as well because the world is moving into real world assets things like oracles are going to become very very popularBut it's become a very crowded space very quickly we now have maybe 15 or 16 Oracles in our compendium right now now there's a few interesting things to note about this one first of all if we look at the ATR model there's a new one coming out this week to people that haveThe sweet um fingers crossed uh part of what I was doing this week uh on the road was working with the team to get this finished um now the r score is 78 it's extremely good but it's at the higher end of the range so the ATR model weCall it the augmented trading range it's designed to tell you if something is dead or alive or it's overheated or it's a good value Etc and I believe at 120 it's overbought but I think an entry at about 60 could be worth it so not only are is the compendium score very strongSecond best of all data man man platforms of all and by the way chain link is not number one um but also when you look at this relative value as an investor you need to always look at this again from the compendium you can see here the coupleOf things to note the fully DED market cap over Mark cap is 1.03 for teller versus 1.8 for chain link that's not good and second of all the market cap dominance is 0.2% for teller trb is a ticker and half 1% for chain link so the market cap uhOf chain link is 2,400 larger than teller so is Ching 2, 400% better than teller I don't know I haven't done a deep dive yet but just looking at the chart looking at the compendium scores look at some basic metrics it looks pretty good so that could be worth a deep dive letMe know if anybody's interested but again it has taken a huge run and you're right there like we were down at under 10 bucks not too long ago and a shot to nearly 160 so it's been insane it's like a big smiley face so don't chase as wellWhen you see things doing this type of move it's never good to Chase and a lot of people as well just a quick warning to those in crypto a lot of people get alerted to things that have had a huge day or a huge week and they follow theyFomo in don't ever do that that's why I always say don't chase replace find something that hasn't popped yet this is what this is designed to help do so not bad teller gets a thumbs up for me so far just in these very basic uh fundamentals here next question fromMarco Mark Tesla has the third largest Holdings of Bitcoin in a publicly traded company even after selling 75% of its Bitcoin holding prior would this be considered another bonus for Tesla stock and do you see Elon doing with Bitcoin in the future in relationship to TeslaSo a whole bunch to unpack here first of all they sold 90% not 75 % 90% but they have the average price uh that they paid for is about 18,000 so they now have more than 100% profit on their actual investment which is great for Tesla let's compare the data that youMentioned yes they are number three on public holder list of Bitcoin micro strategy is number one Marathon digital Holdings is Number Two by the way that's also the most shorted minor rightfully so it never does well in my analysis and number three TLA but the most important thingTo look at here and you see all the other names there you got bit farms and bit digital a lot of miners clean spark Hive Riot the block which is formerly Square Galaxy coinbase even have a bag as well but the most important thing toLook at is this ratio here this is the Bitcoin as a percentage of their market cap and for Tesla it's only 05% of the market cap so as I would say it is a complete nothing burger right now so it Bitcoin if it goes to a million dollarsOr $10 million it will do nothing to the price of Tesla so don't Bank on that at all now if you have more than 35 to 50% Bitcoin Holdings on your balance sheet based on market cap that's enough to move the needle in a big way now let's talkAbout the point that you're trying to get to how could Bitcoin influence Tesla Etc well Elon Musk is famous for one thing he is is an advoc of course for Synergy across companies you know he does sustainable energy and electric vehicles and energy storage and solar he also builds tunnelsWhy would he do that well to save energy also he believes you know all his companies whether it's neuronet starlink Etc you got cyber trucks going around in Baja with starlink antennas on the roof so realtime internet access all the time but he likes his companies to workTogether to achieve common goals and this can lead to Greater Innovation and efficiency and this brings me to X so 21 years ago he had a vision for X that became PayPal and it's all coming together and he now has an ambitious vision for X the for ONN Twitter toBecome here something that'll replace your bank before year end 2024 and his words recently were you won't need a bank account it will blow my mind if we don't have that rolled out by the end of next year so both Elon Musk and CEO of Twitter nowLinda yako see 2024 as a year that'll materialize that's when they'll fulfill the original vision and that will be underpinned by some type of crypto whether it's Bitcoin or heaven forbid Doge or who knows what but that'll be part of it as well as we go forward soWatch that space and then once this is live who knows maybe you can tweet something to order A tes a car or a solar panel or storage device or whatever else that's just going to be exciting and remember in today's world the pace of disruption is rapid okay itNo longer takes 10 years to disrupt anything it takes 6 to n months so when he says 2024 will be revolutionary for this watch this space I'm bullish on Twitter uh next is from wachu do you see a point down the road where Tesla would pay a shareholder dividend and whatFactors would cause this so as you know I do not like dividend paying companies let me explain why a couple of reasons first of all disruption does not pay dividends because they should technically have a long list of things that they invest in they have to reinvest for growth and to achieveHigher returns and for me a company that pays dividends they don't know what to do with their money they got nowhere else to do it but give it back to shareholders which I think is silly you want them to be good capital allocators and that's why you buy their stock and disruption shouldAlways have R&D and Innovation Focus not dividend Focus also dividend commitments can hamstring the company especially if it's a rough economic period like we're going through right now um they could be stuck in terms of oh should I build a gig of Mexico or pay dividends what toDo what to do crazy also the focus is sustainable future not dividend payments and they'll continue to find things to invest in and therefore you buy you buy stock in companies like Tesla because of what they are going to deliver they're going to deliver robots with a brainThey're going to deliver cars that drive themselves they're going to become the biggest they already the biggest energy storage company in the world um and so much more and that's why you B you play where the puck is going to be not where it is based on the quarterly statementRight now and that's why it's magical and has been magical for many years next question is from Toronto Blue I'm looking into setting up my trading accounts for both huddling and active trading I have a taxfree savings account and a margin account in Canada I'm thinking of using idss for tradingWhat do you think it's better to trade and hold in the tfsa accounts or the margin account of idss well this is this type of question has a lot of sub questions like what your goals are Etc but the way I kind of look at it is itReally depends on your style and your goals and those types of factors how long you're going to invest for how experienced you are so if you are a long-term investor who plans to hold your Investments for several years or more then the tfsa is a good option andYou will benefit from the tax growth of your capital gains and dividends but if you're an active Trader who plans to trade frequently then the margin account is the better option and you will have access to more advanced trading tools and features and you'll be able toAmplify your gains faster so the simple way to put this is with a simple chart imagine you are very young you're in your late 20s and you got 40 years to invest and you have everything you need right now and you've got a good paying job and you're in no rush to retireEarly or anything like that then just go with the tfsa uh taxfree account and if however you have say 10 years left or 15 years left you are late to building your bag then you need to go uh you're it's a race against the clockYou need all the tools you can you need all the margin you can to really amplify your bags and I wouldn't be where I am without options and margin they uh they it's it's very difficult just uh trading equities going forward you can do it butYou need time much more time so you can grow things much faster with special tools that's kind of the simple answer hope that helps next one is from Duncan one by previously not having a great trade trading plan I accumulated a number of other coins over the past fewYears any NFA thoughts as to managing Legacy coins all still going up quite well in value over the last week flipping to bitcoin how best to monitor that for this bull run well if you know the channel and patreon you know my allocations and how I swap betweenAssets and how I try to keep very strict allocations and how I try identify assets that are cheap but it's so funny there are many people in the community still that have all these legsy tokens from the last Bull Run and the one previous to that and many of them areDead and they're hoping that they're going to spring back to life and some will but there's always going to be a faster horse and there's always going to be that big black hole that sucks everything in and that's why I say focus on being in the top 1% and I don't careIf it's Bitcoin or anything else but just hope it's not a strategy when it comes to holding these doggy old coins there's two things uh we have first of all this thing again that's coming uh ATR is designed to identify things that are dead and this is no offense toAnybody in ICP but I have this other indicator which is a little bit informal when people spam the YouTube comments with things like ICP is going to take over the world ICP is going to crush salana ICP is gonna do this ICP is going to be bigger than Bitcoin and it's justIncessant that means the Pumpers are pumping it that means it's actually inherently not good and this is where flawlessly for years so when something is pumped heavily or sold heavily or marketed heavily the product is not good it's just simple it's been my experience the entire life this is ICP on theATR and it really couldn't be more dead yeah it may pop but you can see what the heights the purple line is where it was and how it's come down over time all right this is not um not something that will probably do well in the future soBe careful with things like that and again this is my the anecdotal evidence of the amount something is pumped and it's annoying because we got to block and report all those Pumpers of this ICP thing so people don't get tricked into thinking it is the next big thing because itHasn't been and has lost everybody a ton of money the other thing as well to look at very important another simple metric from the compendium very simple there is zero volume pretty much in ICP which means zero demand the 24-hour volume divided by market cap is 01 which isLike of all the assets out there extremely extremely low so when there's no volume there's no demand there's no interest price can't go up and the Pumpers have been trying to pump this for the longest time and there you go so just beware be in the 1% hope is not aStrategy look at all your stuff compare it to the winners look look at the performance of pairs to other kind of Blue Chip assets and make your decision from there and be in the right narratives the narratives are things like now oracles are red hot with realWorld asset AI is red hot layer On's red hot too and some layer twos too so that's kind of the big message everything else be careful be careful of also the gaming plays uh some of the gaming plays might actually be good but the tokenomics suck and there are someLayer ones that are actually good but the tokenomics suck so that will just prevent things from going up so sorry to come out with that hard lesson Duncan I think it was yeah um but yeah just clear shop and and what I do at the end ofEvery year is clear shop I I force myself to empty my shelves and start a fresh and that discipline every time I come back six months later into the new year like it'll be summer 2024 and I'll say I'm so glad I got rid of all thatCrap because either things run you milk them for what they're worth you ditch them and you move on to faster horse think of that as your discipline very very important next question is from Robert G do these sentences say the same thing as find your Rhythm find your personalProtocol and develop your personal routines and systems for pursuing your trading goals so um sort of so for those that may not know I talk about people it's critical to be able to find your Rhythm and what ever you do in life if it's a job make sure it's something thatYou like and enjoy you wake up every morning and you're excited to go to work if you're not excited to go to work there's a problem you need to change that to be happy okay but finding your Rhythm for me has a couple of different uhMeanings and I use it for investing so it means basically develop your personal trading routine so where whether that might be getting up at 5:30 a.m. researching being there when the Market's open at 6:30 a.m. if you're on the west coast trading for an hour andThen going off and riding your bike for 6 hours that could be your personal routine uh I have a very regimented one myself I do the same thing pretty much every day second find your personal favorite system you need a system you need a process a method to help you andYou have to like it you have to understand it and embrace it we'll actually talk about one as well that few understand but those that do nail it then you need to create a personalized trading plan what is it you like to do what tools you like to use are you aSwing Trader are you a day trader you a scalper are you a long-term investor and you build your plan around exactly that then you establish your own trading rules and methods for example I have scores of them and I stick to them religiously because I know if I deviateOff that track I'll get smacked and I don't like doing that so I've built these rules over 33 34 years and I refined them over time and I stick to them religiously and then tail your trading strategy to your individual needs and goals for example like weDiscussed before with the tfsa up in Canada by the way shout out to Canada got my Canada mug today um but that is key do you want to grow fast are you behind are you 28 years of age you want to retire by 35 or 40 and then you'll travel the world orAre you 5 five and you have nothing saved you got 10 years of work left to build a strong bag to retire on all of those things need to be taken into account and then you need to plan accordingly around those and these are very disruptive times the next 8 to 10Years will be magical if you're in the right assets no if Sands or butts and that's why I make these videos every day so again that's what I mean by Rhythm it's multifaceted and uh make sure you dial it in because you'll be infinitely more successful when you go to the marketsWith no plan and random process Etc you will get schooled okay because remember the other side of the trade is somebody like me and you don't want to be going against me uh 80 to 90% of the time because I don't like to lose more than20% of the time okay very important hope that helps I feel like I'm like a school teacher today but these are things that you know important important things to know next uh is from t John for energy stock trading how could we use IIA Tools in conjunction with a matrix similar toThe Bitcoin miners to trade energy stocks by the way I'm over to you for a minor video it's coming next week travel and electricity interruptions last week made it very or this week made it very difficult but that will be coming but uh energy trading stocks we have aDifferent tool for that and let me show you a little bit about how it works and this is very very misunderstood model that few get because it's it's three-dimensional and let me let me try to explain it real quick so we have this thing called the macro model literally IThink we've I think three people have bought it but it's designed for people that understand macro that understand commodity markets and understand proxies of commodity markets so let me try break that down uh the model macro model utilizes uh nearly 20 different indicators to create a composite scoreOn the relative strength or weakness of the global macro environment if you see in the middle there it's kind of a bit of an ey chart but that is the macro strength and it's spiked based on the recent GDP numbers and and that is kind of crazy much of the world is actuallyRebounding which is very very bizarre but then you can pull any type of asset into this uh any type of thing like uh commodity prices copper prices interest rates money supply the price of oil Etc and then you can compare that model The Benchmark to an actual asset so at theVery bottom here well the top is ocidental petroleum the middle part is basically the macro strength and then you're comparing ocidental to the price of oil at the bottom and this model will tell you when to buy buy oxy and when to sell it it's real simple uh and it alsoTells you uh understand the strength and the state of the macro environment so you can make directional trades so for example here in this case the price of a commodity which is oil in this example comparing that to the price of a stock that depends on the commodity oil andThen it'll tell you when to get in and when to get out based on those multiple factors I.E the strength of the economy which determines the demand for oil and whether or not the oil stock is hot so when you are green you typically getInto to the stock when it goes red at the bottom you get into the commodity oil and that's simply how it works so it's like a it's a pair trading model tied to macro that nobody gets but if you want to trade energy and energyProxies this is the way to go it sounds like you know exactly what you're doing and F favorite favorite part of the weekend thank you so much to the team that put this together T today today we donated to Rockfish wildlife sanctuary and they help a whole bunch of very cuteAnimals we got Davey H who are turtles little baby turtle and uh it's amazing these things can live to 100 years or more AAR rescued from an Animal Hoarding situation and oxiana found wandering the streets so they are adorable and gorgeous and thank you so much uhTurtles move slow but the markets move fast and they're very very cute so thank you so much and tomorrow DCA October 30th which is Monday it's going to be on my channel 7:30 a.m. Pacific 4:30 Central European Time with Ivan and C Lon and these guys I think uh Ivan mightWear his little snuggle uniform again as well because things are crazy bullish a lot of good stuff is happening this week as well coming up also through the next few days so thank you all for coming I'm going to take a couple of questions nowThank you to the mods in the chat and making this happen Rusty bot out there in Norway uh is it still on me get off get off get off not sure what that means but sometimes I my brain is too frazzled after doing what I do here that I can'tGet the jokes and thank you so much uh long-term holder appreciate you so much and Kamar creationss very impressed with what you said in the community there this week really impressed keep up the great work with your three-legged stool and R said crypto um when Bitcoin hitsMy Target price of 100,000 I'm thinking about selling half of a Bitcoin to purchase some River property in Florida this will pay for the land outright so I can build my retirement home in the future any thoughts well this is interesting because a friend of mine sent me a linkTo a video and it's this beautiful 5,000 square foot 500 square meter Villa in Italy near the Adalia Coast I think it was and oh my God this place is beautiful it's on 20 acres massive lot walled Olive Gardens and fig trees and all sorts of stuff three-story buildingWith an underground and oh it' be great to have but I was thinking okay the cost of this thing is about $400,000 literally if was if it was in Florida it would be worth 10 10 million probably but there it's only worth $400,000 and I was thinking to myselfWow wow this you could probably buy for four Bitcoin that was the conversation I having with sanj says four Bitcoin will buy this actual property here uh so I like the way you're thinking you built your bag in the bear as I started this off with the 15,500 Bitcoin you make500% take it off the table or take some off the table always very prudent and stick it in something that will be safe that's always part of my three-legged strategy did that in the '90s made money trading stuck it in real estate made money trading stuck it in real estateMade money trading stuck it in real estate brilliant plan brilliant idea and I'm surprised for 50 Grand you can buy a riverfront property in Florida that sounds cool so yeah go for it and be disciplined and uh one word of advice though be prepared to get out at 89kJust in case it doesn't go to 100K um and lock in that property next question uh Bill wers I'm finished the Tesla book Tesla up next week yeah Tesla is deeply oversold deeply oversold the RSI is insanely oversold and we're going into the season where it's called windowDressing where asset managers get rid of the crap on their books and they like to start the year with good assets so yeah at this level at 207 or under 210 it's ridiculous um I'm fully deployed so I wish I had more cash but uh or else I beJumping in the pool with you but maybe uh the beginning of the month we can get a little bit more and P Vincent H where would one go for low fees when buying dcing 50 to $100 over five cryptos I currently use coinbase yeah coinbaseWill screw you um what you can do is get the I think they keep it used to be called Pro and then it was called something else and now it's like the equivalent of an active Trader have a look at that it might be worth well the problemIs dcing $50 to $100 um I don't know but even if fees are high try find the one that's best I use the active Trader platform on coinbase so I can buy you know a big chunk of something and the fees are literally negligible and watchThe spread time your trade so instead of worrying about fees if you time your buy really clever like some things things fluctuate so fast in crypto it could be the difference between buying something at say $10.50 versus $102 and if you're buying a a certain amount it can actually be quiteSubstantial so time your trade very carefully that can save you actually a lot more money than fees any day as well but uh that's an interesting question I used to analyze all of the top crypto exchanges across risk and fees and everything else I haven't done that inYears but probably good time to revisit but I know that certain ones are expensive and that can be a real problem also even the spreads on things like dexes are terrible similar to what we just discussed too but P Vincent let me dig into that and see if I can find aGood Global option I know binance was great for a while uh they had Bitcoin free trading U with very good spreads too um and uh also this sounds really really weird but there's a place called Robin Hood it's it's free and their spreads are incredible I've compared Robin Hood toCoinbase and Robin Hood is really good too and now they have a wallet so you can take your stuff off immediately as well so think about that too I forgot to mention Robin Hood it's uh and the good thing about Robin Hood too is you can pair trade between assets that's why IUse it like micro strategy Bitcoin and stuff real quick and efficiently Courage the Cowardly Dog how to deal with DCA out taking profits since bull run and not losing our bags until expected prices as in your retire on series videos so DCA out is called theLilo model layer in layer out model will added here afterwards that's designed to identify layers of scalping to when you buy in and also how to take profit and in the community I've shared my profit taking model as well along with hundreds of other models but that profit takingModel is uh real simple again you can dial it into whatever you want if you want to take I typically like taking things in fifths like 20% layers but you sell either 20% of your bag or 20% of your position originally to get out ofIt as well and you can see that even layering out in fifths as an acid increases you leave very little on the table which is spectacular and thank you as well for your super sticker Zeno bottle red Sir Winston pancake Panda Mr Weston dog one signal 103 Forest M ironK and and P do I appreciate you all thank you for coming and let me see how long have I even been going I don't even know 40 minutes try to keep it to 40 minutes and 2300 people watching live thank you so much for the support hitThe like and by the way I I I learned something new about uh YouTube as well recently when you hit the like if you like this content it helps you find similar good content to because most of the content out there is complete garbage but uh that's another reason to hit the likeToo and I hate asking for anything but thank you all for coming everybody see you all tomorrow DCA live and hope all as well have a good afternoon have a good weekend I hope you had a great weekend Bye

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hey everybody Welcome in it's Saturday and today we're going to recap the week but before we do that let's talk about what's going on in the world and a big thank you to the mods in the chat T andd Tesla and everybody else so crypto market cap is I think 1.1 trillion Bitcoin had a kind of a big move uh last week and then as usual it moves and then it stops Mr KO thank you so much uh 24-hour volume is very light I think it about 17 billion normally around 30 to 40 bitcoin price 27,9 33 as we speak market dominance 49% in change and eth 1635 eth has been a bit of a laggard eth dominance only 18% feed and G feed and GRE fear and greed is 49 down from 50 I think on Tuesday last time I looked at it and the best performing sector apparently is jobs we'll talk about jobs today we'll talk about Bitcoin we'll talk about adoption why adoption and a whole bunch more stuff recap all the alt coins talk about a little bit of disruption little bit of oil and everything else and of course this is just entertainment and uh get smarter right here if you want to time is going to get more competitive and I mentioned the story already so let's look at some results for the week October so far is well two very green spots salana and Avalanche were the winners this last week which is kind of special let's look at the dollar performance as well Bitcoin up 4% for the week ethereum down 2% in dollar terms and then we have salana up 15% cardano Up 3 and a half% Avalanche up 12% madic 7% and the worst and only dark red performer on this whole chart for the week is chain link down 6% so interesting uh week indeed let's look at the stock market as well uh you can see a lot of green here especially across the names that we look at Nvidia Microsoft Apple Google meta Tesla little bit of farmers are doing well too Avo TSM uh again not too bad despite catastrophic macro there's so much bad going on in the macro but the markets go up and as I always say Sir instance it's because there's money all right there's money coming money is like a tide flowing in and it raises up everything this is what many people even macro experts fail to recognize anywh who let's talk about this this time is different and don't forget to subscribe to the channel I will be breaking this down in great detail uh probably after DCA and Monday May well I've got a lot of stuff I got a patreon exclusive on Monday I have a DCA on my Channel with Ivan and CTO on Monday morning 7:30 a.m. Pacific but we'll squeeze this in at some stage and it shows you how definitely this time is completely different because long-term holders are hitting records every single day and short-term holders are shrinking fast and if big money comes price is going to go parabolic that's how many people are talking about how this run could be very special and it'll catch a lot of people off guard so we'll get back to that later speaking of those who still have hope for a 60% downturn Mike mllo who is the star of our friend's Channel um but M Mike mclone the Bloomberg analyst he's a senior macro strategist and he says bitcoin price could drop by 60% due to negative liquidity and persistent Global rate hikes and recession signals Etc now Mike has been great I've been watching Mike I've seen him transfer from you know being an absolute Bitcoin bull to an absolute bear and kind of bit gloomy uh Mike mloy I think they call them so it's been a very strange transformation but as I also say not only uh in times of Crisis does Bitcoin do very well and we're seeing that as well all around the world we've seen that this year predominantly as well nobody wants to do bonds anymore where are they going to park cash it's only just beginning so again I don't know the we should know better anyhow we'll see who's right or wrong uh me or Mike mclone we should get them on the channel I'd love that El Salvador launched their bitco bit Bitcoin volcano mine uh El Salvador I think they called it lava pool today it was their first Bitcoin mining pool powered by renewable geothermal energy and the Venture is a collaboration between the Energy company volcano energy and uh the tech Corporation looks or technology very good substack as well there that I subscribe to it's the country's first attempt to harness the abundance of renewable geothermal energy for crypto Mining and they have pledged to commit 23% of its net income to the Salvadorian government I really hope this works out great for the country the country's already been doing very well it's two years by the way since they've adopted Bitcoin and everything is up crime is down uh but all the tourism and GDP numbers Etc are doing well really well so shout out to na bukele who's doing an incredible job and he was a very brave man to take this step so let's watch this carefully um next let's talk about world and Bitcoin because this is fascinating and a shout out to Sanjay as well who shared this with me it's the number of crypto owners by Country and this is very interesting from a number of perspectives one I've always said there's a correlation between mean kind of call it unrest or uncertainty or inflation or authoritarianism or whatever else in the certain countries and Bitcoin and crypto adoption and it's really fascinating so these are the top countries in the world and the reason this is interesting is look at India 157.6 million remember the country does have 1.4 billion but that's a lot of people and a lot of adoption it's early days yet remember s-curves this will just go up from here at an accelerated pace United States 44.3 million crypto owners in the country so if you are a politician in the United States and you are anti- crypto you are closing yourself off to 44.3 million people and those people typically are influential as well then you have number three in the Box Vietnam number four China Brazil uh number five 17.8 million Philippines Pakistan Nigeria Indonesia Russia so what I did was I I overlaid this chart with if I has to think of two terms that would basically describe these nations night star at the top with the gold recovering and uneven that is in India very entrepreneurial very hardworking very smart culture and huge growing middle class and they are on crypto and in fact I've even noticed a lot more views on my channel now it come from India and that didn't happen two years ago so I can see it in the data as well number two is uncertain and uneven I'll talk more about number two why things are very uncertain in a minute number three growing and transforming so I tried to pick words that are kind of Representative of these countries China cbdc and slowing so the other reason for adoption of crypto is because of orwellian spy coins Central Bank digital currencies I do not like them so if your business is about supporting them I don't like those businesses either kind of like cigarette companies I and that's just who I I am Brazil corruption and inflation um Philippines inflation and poverty I'm afraid to say uh and Pakistan corruption and inflation as well Nigeria corruption and inflation Indonesia corruption and inflation and Russia Contracting and very uncertain future so these are the primary reasons people jump into crypto it's the life raft it's the only chance that many people have to get out of poverty and save themselves so there we are top countries the world but look at this talking about country number two what has people nervous well look at this $ trillion dollar in new debt over the last 16 weeks that is staggering when you look at the visuals that I've shared many many times of what a trillion dollars looks like it's unbelievable this is putting many many thousands of dollars on every Worker's Credit Card literally almost overnight and we printed nearly half a trillion in the last two weeks alone and one day was near nearly a quarter of a trillion dollars the amount of money printing that's happening is ridiculous so you can do this at home a quick math calculation for anybody over time every bit of debt that's issued will ultimately debase the dollar okay so you uh take two divided by 31.4 trillion 2 trillion divid by 31.4 that is how much you're going to lose in purchasing power for the dollar in 16 weeks so if anybody can calculate the number drop it below in the comments I'd like to see you guys see that and it it's it's a very rude wakeup call as well so speaking of politics and governments and Bitcoin Sam Altman the founder of chat gbt and that whole group open AI he said and this is very interesting from Bitcoin archive and again it touches on Global Currency outside of government control he said I'm excited about Bitcoin to the idea that we have a Global Currency that's outside the control of any government is a super logical and important step that is bullish coming from here and also many people believe it's going to be convergence between Ai and Bitcoin as we go forward so let's talk about more that ties into all of kind of what's happening in the world today and politics we had a historic moment this week in the United States a guy called McCarthy was ousted and a new guy was put in and this talks about kind of the speaker race and crypto policy implications in short and the path forward in the house for crypto legislation which is important for the US and of course many countries typically follow what the US does and any legislation of course is unclear and delayed until a speaker is elected but why why is the speaker of the house so important well in the United States the speaker determines what bills get brought to the floor when and is generally the lead negotiator with the Senate and the White House counterparts when it comes comes to reaching deals on must pass bills like Government funding like crypto bills Etc so having a pro crypto guy Pro Bitcoin guy is big and very influential for the future and maybe they can exert some pressure on some of the craziness coming out of the SEC filing frivolous lawsuits against all sorts of people not just in crypto and other spaces too anyway moving on the best political campaign ever is this this is the Bitcoin chart versus the dollar the Bitcoin price will go up in time the dollar is guaranteed to go down over time that is why I make these videos okay and the software behind Bitcoin is impartial it has no politics it is no military it is no CEO it has no help desk it is no authoritative stance it's got no racial bias it holds no opinions it operates on a trustless mechanism and this is the immutable truth and that's why everybody needs some Bitcoin anywh who let's look at crypto winners losers last week you can see here are the two big Winners Avalanche week over week as of yesterday per Artemis 16.7% up for Avalanche and salana up 16.2% and you can see a lot of the other winners Bitcoin up the 4.3% um and everything else was kind of mixed except some of the other old coins were down so uh a mixed bag there but what's going on in the space let's analyze our kind of little dashboard l1s and l2s this week and identify the winners and losers so first of all these are kind of the chains this week salana wins the 30-day change up 20% for developer commits the 7-Day Avalanche and salana up 16% price action those two win cardano tvl up 6% also driven by cardano St stable coin volume is up 4% so two wins for cardano this week and salana again as mentioned Dev commitments Etc daily transactions we're kind of mixed despite where we are we are seeing some low activity across some chains and we're not yet in that true kind of hype movement time that we'll go into in the next 6 to 12 months for sure now let's talk a little bit about salana for the salana people out there and the audience there's a lot of interesting stuff happening first of all this from Ted Talks macro salana at $23 is far superior to salana when it was trading at $200 plus and it's only a matter of time until you realize it's the superior L1 not my words TED Talks macro so we're getting people from all over the place uh beginning to you know realize what salana is and Solana's latest update now brings native support for private blockchain transactions all right let's dig a little bit deeper let's look at some salana versus ethereum and hash opos but this is very very important more than two-thirds of usdc transactions on salana are transfers of less less than $100 and more than a third are usdc transfers between $1 and $10 and the high frequency of small dollar Den denominated transactions on salana highlight the Network's potential for supporting payments activity I.E only possible in salana I.E the consumer chain Etc if you compare that to ethereum 83.1 2% of ethereum usdc sta transfers are above 10,000 and that's all because it's expensive to transact on ethereum but at the end of the day it's all about the actual volume yes ethereum is great if you're moving large amounts of money but you're never going to be able to on board a billion users because we don't have a billion people who are going to be transferring $110,000 on a daily basis that's just the reality so we need a consumer chain for the other half of the spectrum and that is salana but it gets better this is from Vanek and this is kind of breaking news today A lot of people are excited about it uh vanak run about $80 billion in assets under management they're not a small player and they are quite sophisticated and they are embracing crypto and they understand exactly what it is uh Vanek estimates that the Tam Revenue opportunity the total addressable Market Revenue opportunity for payments on salana will be between $700 million and $3.3 billion as the average fee on salana will likely be between 0.005 and 0.001 and remember uh a big player lots of money but they they talk about how a new payment system where usdc payments are used in lie of credit card payments and Merchants could work with circle to rebate a portion of the savings to Consumers through a new point system or even using direct payments in usdc basically rip credit cards sooner or later unless they Embrace they will die that's one of the reasons why Visa the 11th biggest company in the world partnered with salana because they see the writing on the wall like van XC as well so exciting times ahead in addition uh salana C nfts are Off to the Races these are the compressed nfts and the weekly mint volume is up 1, 1600% year to dat because of C which is the compressed nfts which is the technology that salana also brought to the table for a compressed nft it means you can mint 1 million nfts for proximately $110 now a lot of the action is being driven by the helium network but it's also become used more in communities with collections like the torans as well so again another example of kind of consumer chain capability through this chain now let's talk about Ledger Ledger whacks 12% of their staff sadly and they're still recovering from the recover controversy that's the kind of back door to your ledger so um they're still not clear if they're going to abandon that whole idea I hope they do for their business it is a Nel idea but having a back door to something that should be secure is not good no f s or butts so sad to see hopefully it'll help them understand let's talk about what other happen other things that happen this week is sometimes the information of Bloomberg is very mixed sometimes it's good sometimes it's bad it really depends on who the writer is but this is data from Bloomberg and it shows that both model 3 which has been less than the price of the average car in the United States but now the model Y is also less than the average car in the United States and that's before rebates everybody so literally every once well at least between somewhere between 16 and 28% of the people want a beev the penetration is still very very low but it's changing very fast and when people understand more about how easy it is to charge and how low the cost of ownership is and how service is non-existent on these cars maintenance non-existent um people will wake up in addition California something good came out of California the coolest thing to come out of Cali at this from story Merit is model y not only the best car on Earth but California M manufacturers and Technology Association cmta crowned the model y the coolest thing made in California and uh multiple inventions come out of the golden state so they have a long history of that but it's nice to see little Accolade going to Elon next and the Tesla team of course this one is interesting us jobs report on fire or is it so President Biden said my dad used to say that a job a about a lot more than a paycheck it's about been able to look your kids in the eye and say honey it's going to be all right with today's job report 336,000 more Americans can say that and mean it but there's a Twist let's go into that twist first of all job creation Surge and this this is kind of important because this happening all over the world and the reason I talk about jobs two reasons one sometimes the data we get from our government is misleading and number two we're going through to a revolution where AI is really going to hurt things and we ain't seen nothing yet but this was in CNBC Pro even as job creation searches Americans still think the economy stinks here's why obviously we know why things are much more expensive even though they say inflation is say 3.1% or 4.9% it's really a lot more um and you just know by going into your grocery store and buying apples and see how much they've gone up in price over the last three years it's a lot more than you think but what's interesting is the actual job growth where's it's coming from and a hat tip to Joe consorti for these amazing charts but here it shows you the total payrolls Rose by 585,000 yet private payrolls dropped by 399,000 huh what's going on that seems to conflict with what's going on well all of the job gains in September came from the US government all right and the math checks out too the government added over 1 million jobs in September while non-government jobs fell by 400,000 hm strange okay well what's happening in the private sector then if we're losing all these jobs H let's have a look well new folks joining the multi-job world added nearly half a million new multi-job holders in the last week or month or whatever it was I'm not sure the exact time frame but it's definitely I think it's September half a million people now new have two more jobs on top of this uh the title is wrong but the total did I get the slide wrong there it is wrong slide 8.15 million Americans have two or more jobs right now and that's only growing because people are struggling to make ANS meet credit card rates are going through the roof car payments going through the roof everything is going to the roof rent is going up food is going up people now have to take on a second job so when President Biden said uh let me see honey H it's going to be all right or honey can say to the husband it's going to be all right I'm going to go out and drive Uber for the next eight hours or work part-time at a gym or grocery store or whatever else that's the reality hey honey I'll be home late so and and other crazy news as well this guy shanan Fen who is heads up the United Auto Workers he had a t-shirt on that says eat the rich now I am not a professional Union negotiator but in my humble opinion if you are negotiating you should come to the table with kind of I don't know not open arms but basically not such an aggressive stance okay uh that is not setting yourself up for Success Pro tip whoever makes your t-shirts that's not how to win anyway in this sensitive time and I worry that they're turning the screws and then all the big three car makers which are going to be dead in 8 to 10 years anyway probably unless they have a radical change and that's just mathematics but this disruption is coming this is not the time to rock the apple cart in my opinion and I fear for everybody's jobs out there anyway let's look at the US 30-year mortgage rate you can see here the mortgage rate is up to 7.93% that is a multi-decade high uh highest since I think 23 24 years I think last time was that high was 1999 or 2000 and so and rates literally three years ago were two . 65% that means home buyers just three years ago would see their interest rate triple if they did a refy or decided to move right now and that's exactly why existing home sales are at their lowest level since 2010 and the average and that was the global financial crisis by the way and the average new home is about to cost less than the average existing home for the first time since 2005 and you know when something is wrong when old costs more than new everything is upside down everybody and this is what happens when your mortgage triples so weird stuff finally uh and I have been talking about oil a lot recently but this is kind of a little bit of good news regarding oil there's been a big sudden drop this week in crude oil prices and it shows Russia and Saudi Arabia can't monopolize the oil story completely WTI settled for nearly $82 a barrel down from 95 last week and that 13.5% drop in just six trading days is quite quite incredible and that followed a Plunge in gasoline Futures after data showed stock piles were beginning to grow in the United States and the United States is actually beginning to grow their production of oil up to 12.9 million barrels of oil which is very impressive so again you know maybe OPEC does not have the us over a barrel excuse the pun barrel of oil so big thank you everybody thank you for coming here quick one today lot of weird stuff happening this week but that's the summary and tomorrow will'll be live Q&A at 12 Pacific I go back to work in that right now as well so some really hard interesting questions too including looking at a few new names and looking at a bit more description and allocations Etc so thank you Darren thank you Mr key frames Robert irrational Aristotle Pro Shane suvan everybody see you all tomorrow and thank you to the mods in the chat for keeping us all safe have a good night bye

Foreign hey everybody thank you for coming back I see many of you again sorry it's just uh one of those days where there's too much going on it's been a crazy week and we're gonna recap exactly what has happened this week it's been a crazy week so we got audio which is alwaysGreat and a shout out to Saint Jude needs us Mr Mike I see you out there get well soon Buddy alrighty and thank you to the mods in the chat as well tnd Tesla I see you too so uh this week let me see global crypto market cap 1.04 trillion a second it'sBeen that way for a long time it's just steady Eddie volume is very low 15.3 billion dollars uh Bitcoins at 26k 25.9 25 8 26k does nothing market cap dominance of Bitcoins 48.3 which means you're also doing a little bit better uh ethereum we will be talking a bit about ethereumToday how they fit a perfect equilibrium it's about 16 35 and we'll talk about that 1635 it's a very special number uh as well um and East dominance is around 19 where it has been as well for quite a while and crypto fair and greed is 41 up oneFrom Tuesday OCTA and disclaimer none of this is financial advice just a guy on the internet and of course don't forget to subscribe to the channel if you want to learn something new every single day that is my promise to you you will get smarter which will equip you for theFuture and now Market overview a couple of stats here which are kind of interesting I like this from Swiss block you can see the little dial of where we are for the last year the 52-week range and the Dixie is kind of like in the bottom third of the range not bad theNASDAQ very close to the top of the range and people are absolutely stunned about why the NASDAQ is so strong how can this be well it's called the AI Revolution ladies and gentlemen we know that uh the s p is about 150 points away from the top of the 52-week range the10-year is close to the top of the range which is not good it's smashing things we'll talk more about that in a minute too bitcoin's about the top third of the range and ethereum is bang in the middle at 1635. so looks like ethereum has someWays to run compared to bitcoin so far uh let's look at the state of Bitcoin and this is the bearish box in the bottom right corner pink we want to get to the purple we will get back there soon 33 weeks ago 32 weeks or week 32Four weeks ago we were nearly there but now we're in bearish mode but about to go neutral up I'd say soon remember it's rectember and nothing good happens in rectember but maybe it's quieter than normal so things might not be that bad now let's talk about someBitcoin stuff hey Jim good to see you buddy uh short-term holder realized price s-t-h-r-p you guys know all this in this channel you know all these acronyms I use it just saves me typing a lot of words so the collective cost basis of Bitcoin recently transacted within thePast 155 days which normally acts as a support level especially in an early bull but we broke under it that is not good that's a bit of a bearish sign and the transformation suggests that short-term Traders may consider selling their bags at below cost to potentially get out of the trade who knowsBut monitoring this level is crucial for assessing the forthcoming price Dynamics and it lies around 28 000 now that's the green line of the chart and the white is the price we are very close and we're holding tight again at that 26k level but we are under that short-term holderRealize price and uh we'll see where we go from here now let's talk about a little trick a little life hack that I promised you all is kind of funny and a shout out to Sanjay for sharing this with me just this morning he also worksSeven days a week he is awesome uh but Bitcoin fixes this as the old expression now this chart has two lines you've got the green line which is the median sales price for houses sold in the United States and I'm sure it's pretty equivalent around the rest of the worldToo in fact some markets like Sydney Australia are completely Bonkers and New Zealand as well and parts of cities in Toronto yeah Canada Etc London insane but the Gold Line is the median sales price for new houses sold in the United States based in Bitcoin so the averageMedian home price is 20 Bitcoin today and this is going to fall in the next year I guarantee you uh and the reason is Bitcoin is more scarce it's more portable it's more liquid it's more divisible it's more fungible and it's less taxable than physical property andInvestors no longer need to hoard real estate in order to preserve wealth that's a big trick I always preach the three-legged stool you know crypto equities real estate everybody needs a castle especially where you can buy it with 10 down use a lot of Leverage but uh Bitcoin is that alternative if youCannot get on the property ladder as they say and housing will become affordable again as it loses its monetary premium and is priced solely on utility and as Bitcoin goes up in value so that's a fun one now let's talk about some other cool charts this one is fromBlockware solution and I did touch on this on Tuesday and I talked about how only 95 of the Bitcoin supply has not moved in 30 days well we're still here five percent has not moved um only five percent of Bitcoin circling supply has moved in the last month andThe price is set at the margin okay the important thing here is anybody who wants to come in and trade Bitcoin okay if a big buyer comes in and only five percent is moving you have very little liquidity which means anybody coming in making a big buy willDrive the price up or skyrocketing any type of demand Catalyst we see and people are always saying well there's not enough liquidity it's not bad for the asset no if people want in they have to buy and prices made at the margin if this very scanned Supply price will goUp the supply crunch could really be happening uh much sooner than expected because nobody is selling right now and it's actually almost a miracle how the price is so steady with such little Supply it means there is simply no action or everything's happening OTC Jeff I'll see you again today thank youSo much buddy first of all let's go back to minor squeeze a lot of talk about miners a lot of fear about miners a lot of fun being spread a lot of fun being spread about Bitcoin Tesla miners Etc but this is interesting this is the hashPrice which is the amount of Revenue that miners earn per terahash of hash rate and it has been declining in recent months due to the recent drop in bitcoin price now the interesting Twist of this is miners who are unable to cover their operating expenses with the current hashPrice will be forced to sell Bitcoin this could put more downward pressure on bitcoin price as more Bitcoin being sold into the market brings down the price but remember it's very scarce and Supply is very short right now but if the hash price remains low as we approach toHaving the weakest miners those with the inefficient machines and high electricity costs will be forced to capitulate this will reduce the cell pressure on bitcoin and could lead to a price rally so it's like a a double-edged sword and you can see how things have developed over timeBitcoin prices in white the minor Revenue per terahash is in Orange which is getting very low and then there's 365 degree change so again things are going to become very very tough for miners that have old rigs costly electricity and poor management and heavy overhead they're going to be squeezed they'reGoing to be smashed so you're hearing a lot of stories about miners pivoting to AI using their compute for AI instead of their Core Business which is Bitcoin mining which is kind of crazy efficiously you see right there so watch the space carefully now this week was aBig week too because we had lots of good news and this first of all is the fasbi rule change which again nobody wants to hear about accounting but fazbe is for the Financial Accounting Standards Board and they revise their policy allowing us-based businesses public private non-profit Etc to Mark Bitcoin on theirBalance sheet as fair value or Mark to Market and that is very very important because it helps them reflect true numbers in their accounts and Records now the beneficial change is highly advantageous enabling businesses to reflect the current market value of Bitcoin boosting incentives for more institutions public traded companies even private companiesNon-profits to place Bitcoin on their balance sheet and adopt a strategy similar to microstrategy now the bad news is this doesn't become effective till 2025. because it's running at the speed of government and we know that's not fast we'll talk well I actually spoke about that in the previous video I'm gettingAll confused how Mexico sat on their hands and Elon said screw this I'm out not out necessarily but basically Mexico's gonna give up on a very big opportunity anyway Arc in other news as well uh Arc file for an ethereum ETF first one to do it and there wasImmediately followed by like five others within a day or two but the price of ethereum didn't really budge and that's kind of good news because we know when a Bitcoin ETF is approved in very short order an ethereum one will be approved too but breaking down the East priceAction is fascinating because here this is a a chart from into the block crypto and I do look at a lot of unchain stuff but it shows that a total of 5.1 million eth was acquired right just below the 1600 Mark to create the support bandThis is why it's so important to look at this stuff while a total of 6.5 million eth was purchased above that level to establish resistance this firm concluded that Traders agree to transact within a very narrow range a large for a large concentration of East positions are and this is what's calledA perfect equilibrium right between say 1690 and 16 there are 15 19 and 1650 and that gives us that demand balance of 1625 and this is completely confident with the chart I shared on patreon a couple of days ago at that 1620 level because we had an eighth death crossWhich 60 of time means the price will go down but idss says it's going to go up so I I'm absolutely fascinated by this to see which one wins and I think I know but there could be a bump along the way now let's look at layer ones and layerTwos this week what has happened so it's a quick summary dashboard from our friends at Artemis and you can scan all of the layer ones all of layer twos which ends are growing which units are shrinking returns to do more volume Etc and I just love to scanThis and summarize it for you all because we want to be where the growth is so first of all in terms of tvl Matic wins up two percent uh in addition stablecoin volume Matic also ends up two percent in developers I always say follow the money follow the developersVery important but weekly commits on Soul wins and weekly active developers on Saul wins a lot of stuff going on with Solana Salon was also huge this week with Visa news and everything else I covered in great depth so it's just been a massive week of news for cryptosAnderson good to see you buddy now uh in terms of daily active users Phantom is up a massive 43 percent and daily transactions Phantom's up 24 so I'll keep an eye on Phantom but that's a big big bounce and a short window of time time Linda what's going on so let's lookAt a little bit of stock news to find out what's going on the stonk market you can see we're now in this no man land this is a beautiful chart of sentiment and this gives you the feel for whether people are bullish or bearish we areRight bang in the middle at 50 and this is what they call No Man's Land momentum indicators appear to be settling at the neutral level so nobody knows if we're going up or down which is normally overall pretty bullish time now let's talk about Banks again a lot of peopleSaying oh the banking crisis over it's all finished no it's not even the big banks that are close to the cantile machine the cantion effect the closer you are to the money printer the more money you make this is a quarter of a trillion dollars in unrealized losses at just four U.S banksBank of America 106 billion dollars in the whole JPMorgan 34 billion dollars in the whole Citigroup 24 billion dollars in whole Wells Fargo nearly 40 billion dollars in the whole this is a bill that's not not paid this is the so-called term risk that they're facing but it's okayBecause you know what government's bailing them out and this is the btfp sounds like buy the DIP program but no it's the bank term funding program and it keeps running and it keeps pumping money out and keep bailing these Banks out and they can basically borrow their distressed U.S treasuries against at parThe government just gives the money so they're actually even though they have huge losses they're okay because the government's painting over that problem in addition I did a video about a month ago on bankruptcies On The Rise well we just had a huge Spike this week as well and things are getting worseUm really bad really fast we are back at Global financial crisis level for the month of September August so far and another bad news too and this is all the damage that's been reached by the high interest rates um in the context of dwindling savings and the Swift expansion of credit consumersBasically it appears they have no intention of repaying debt as evidenced by Soaring charge-offs now this is kind of crazy credit card delinquencies have reached levels never seen before 7.51 of credit card payments owed to smaller banks are currently in delinquency and they're not going to get better the average credit card interestRate is 29 and the issue is less severe for larger Banks as larger Banks tend to have richer clientele but it's still a problem and this average delinquency rate for the larger Banks about 2.63 percent I think but it's important to note that smaller banks are also grappling with the aftermath of theDeposit flight and exposure that they have there also troubled with commercial real estate compounding their challenges further thanks JP I mean this is just a perfect storm of crap if you are not a money center Bank it is ugly more banks are going to hit the wall it'll be slowlyBut we see that as well as retailers who have got credit card systems like Macy's they report as well huge links these people are just like throwing in the towels I can't I just can't keep up anymore so it's bad and the banks are left holding the bank now in additionAnother point of view of this is this is non-mortgage interest and again it's us data but I guarantee you actually this one could be global data I'm not sure it says Bea global data TS Lombard um I need to figure that out either us or Global probably us but it could beGlobal either way people are feeding the pinch all over the world at the same time consumer interest rate expenses these are interest payments as a percentage of total wages have skyrocketed to over 4.2 percent in recent weeks it may not sound like a lot but it's the highest level again sinceThe great financial crisis and is aligned with previous recessionary levels and despite higher interest rates continuing to take the grip on the American economy and consumer the market looks ahead to the distinct possibility of higher rates to come but will they come I don't know everythingIs being broken right now and I wonder does JP look at this but there's more there's always more so the odd say for equinometrics no more hikes no more hikes in September no more hikes in November no more hikes in December and a cut sometime in 2024Or maybe even before that but again I wonder is JP seeing all of this or is this a plan to destroy all the banks except for the Money Center Banks and then deploy a big cbdc you know when you see the action happening you've got to think there's something weird going on andI've been talking about oil a lot and the reason I talk about oil is it can be fun to trade at very low prices or very high prices but not in between because you never know which way it's going to go but it was pretty clear that oil wasGoing to hit 9 200 by year end and by the way oil Futures just broke 90. it's happening way faster than expected sells Rider good to see you so the the reason we care about oil oil drives inflation that's it everything you buy everything you do everything that's delivered everythingEvery every service every product has a component of oil in it and that's why when oil goes up inflation goes up but we'll see if it'll be counteracted by things like owner's equivalent rent Etc which are now beginning to reflect reality so we'll see anyway in additionThere is a very tight crude oil supply and OPEC and OPEC plus ring control threatening more Supply cuts and it's already a huge problem for inflation again as I keep saying JP doesn't control inflation oil does OPEC does OPEC plus does now I did Cover in aPrevious video in case you missed it a few minutes ago the 10 trillion dollar math for Tesla and how that equates to bitcoin but basically per Elon Musk he does believe the market Capital will be 10 trillion by 2030. I'm pushing out a couple years 2032 my bear case was 26.81According to his new model it's about 3 350 a share which is huge but what the question is if Tesla does a 13 and a half X from today's price what would happen if Bitcoin is a 13.5x in today's price and that takes about 351 000 which is alsoVery close to my bear case for Bitcoin too so either way as I say the future is very bright for us over the next seven to eight years out to 2030 and Beyond we're going to see a lot of disruption and a lot of very exciting change so getSome hard assets and second last piece of news for everybody down in New Zealand um it's kind of sad this is data collected by Jim Gleason posted on the economist he's a global researcher in London I think and he looked at all of the amount of rent paid by people all over theWorld and he found some interesting statistics so between the year 2000 and 2020 the number of homes for every 100 people Rose in Britain from 43 to 44 and America went from 41 to 42 and in New Zealand population growth at paced construction one of the few countries is actually growingAnd the number of homes per 100 residents fell to 38 and therefore if you look at this number it's the share of renters spending more than 40 percent of their disposable income on rent the poor kiwis one quarter of them spent more than 40 percent of their incomeJust on a roof over their heads and number two is Britain at about 23 percent of people spend more than 40 percent on rent that is not sustainable that's not good and that makes living very very expensive and finally related to dollar Index Dixie Etc bricks some believeBricks their whole plan between G and Putin Etc is a perfect Checkmate for the dollar many people also say Do not estimate the events of the past two weeks because they are Monumental and will be regarded with the same Revere as the birth of NATO some believe this week has changed the worldWe're seeing a huge brightification between the west and the bricks and the end result could be ugly it'll be gradual though over time but as they start trading more with each other and less dependency on the western world and the US dollar things will be shaken up a little bit therefore we BitcoinEverybody all pal Rose no matter which way your skin it leads to bitcoin and thank you to everyone patreon a couple of seats there if anybody wants to join the biggest community in the world and have a great weekend I'll be back tomorrow with the Q a which is our mostPopular show of the week where people learn the most and I answer all the top questions of the week from patreon thanks everybody have a great day thank you the mods in chat and everybody for being here appreciate you all thanks