0:09

All. Right and a welcome back

0:11

every it to your crypto market run

0:13

down and where we talk about everything

0:15

that's happening in the world of crypto

0:17

currency. from the technicals on the chart

0:19

to the fundamentals in the news. we

0:21

spend the time doing hours of research

0:24

said that you all don't have to

0:26

in there were having a volatile week

0:28

and let me just say this is

0:30

gonna be a massive week. perhaps one

0:32

of the most historic weeks in crypto

0:34

currency history because the having is just

0:36

a few days away are getting a

0:38

lot of pre. Having job the prices

0:40

are going haywire as matter if it's

0:42

bitcoin. As a matter of it's all

0:45

coins. Heck, it doesn't matter if it's

0:47

precious metals or stocks were going to

0:49

be. talk. Think about it all in

0:51

today's episode because there is volatility in

0:53

opportunity everywhere. but cute tivo how you

0:55

whole number they're quite a an emotional

0:57

roller coaster of a webs. Rightly, the

0:59

volatility is here. Like you said across

1:02

the board, it doesn't matter what as

1:04

that you're talking about arm and and

1:06

we're going to get into our why

1:08

some of their catalyst. There with you

1:10

know just worldly news happened over the weekend

1:12

and cause some some scared selling and transferring

1:15

to U S Dollars across the board every

1:17

asset class but I'm to do it Okay

1:19

you know it's it's it's something that you

1:21

know you gotta be prepared for and you

1:23

know in this game there's there's no easy

1:26

up only paths and things happen that you

1:28

don't see coming in. That's definitely something that

1:30

happened over the weekend. By in a broader

1:32

picture it's nothing that you should have been

1:35

prepared for. His of you did was the

1:37

last week. I'm Brendan was given you

1:39

the bitcoin technical analysis and he gave you

1:41

the range of of kind of the squeeze that

1:43

he was monitoring and he said hey like this

1:46

squeeze looks like an uptrend when it breaks

1:48

out. We're looking at all new all time highs

1:50

but the or his quote wasn't Ah you don't

1:52

be surprised if if we don't see levels

1:54

that are lower than. listen we're going to play

1:56

that clip right here. I. Think we

1:59

can get some choppy price. The action. Mean.

2:01

Dare I say I think that we can even

2:03

go lower than we are currently price. And.

2:05

I wouldn't be all that shot in

2:07

that preparation in these steps. That's.

2:10

Where I'm going to be really excited about buying so. Yeah.

2:12

And as we talked about in

2:14

the clip, the low end of

2:16

that range was right around sixty

2:18

Two thousand dollars. And I coincidentally

2:21

enough, that's exactly where we are

2:23

consolidating at now Ti Vo. So.

2:25

I think we can actually go. Hadn't throw up a

2:27

chart here and that's what I'm gonna do and I

2:29

take us off with things pretty hot this week. Ah,

2:32

but it's well deserved in So when we

2:34

look at the chart and what's happening here

2:36

in we have kind of been consolidating around

2:38

the bottom of this range as we showed

2:41

in that clip said hey, would I want

2:43

to be surprised if we see retracement deeper

2:45

down here And that's exactly what we did

2:47

And so now we've been floating around here

2:49

for about five days. We came down here

2:52

initially on Saturday. Bounce. Right off

2:54

the zone. And then after Saturday

2:56

we saw Sunday, Monday, Tuesday. and

2:58

now Wednesday. we're still consolidating around

3:00

that sixty two thousand dollars out

3:02

of what does that mean? That.

3:05

Means that the range up until this

3:07

point has still held in as about

3:09

a ten thousand dollar range. On

3:12

Overall. Now the bottom end

3:14

of this range is right around sixty thousand

3:16

dollars. And. The top end of this range

3:18

is right around seventy thousand dollars. What? This

3:20

means that there's about a ten thousand dollar

3:23

area where Bitcoin is going from. Support.

3:26

To. Resistance to Support to Resistance Back toward

3:28

support. Back to Resistance and it's shopping

3:30

around here. Never the people who can't

3:32

see what we're talking about on the

3:34

charts here. Ah you're gonna be able

3:36

to see all the visuals on the

3:38

You Tube channel that is Crypto wanna

3:41

one podcast on you tube and you

3:43

can see all the charts and everything

3:45

at were referencing their if you are

3:47

an Apple podcast or spot a high

3:49

listener. Now. We're We're talking about

3:51

this ten thousand dollar range on bitcoin like this

3:53

isn't anything new on it's. been doing this for

3:55

about a month and a half tito where we

3:57

just been going from sixty thousand to seventy. This

4:00

back and forth. Back and forth Back and forth.

4:02

And now we're at the bottom of this range

4:04

now. These. Are the

4:06

opportunities own? So to say like this

4:08

is the pivotal zone because in the

4:10

same way that if we broke out

4:12

to the upside above seventy four, seventy

4:15

five thousand a big one would have

4:17

some serious room to like, really run

4:19

here and the same way if they

4:21

breaks down to a lower allow. This.

4:24

Is another opportunity zone where it has the potential

4:26

to kind of move deeper. And when I say

4:28

deeper, you know the first main support for for

4:31

Bitcoin over here. Isn't. Until around

4:33

fifty Two Fifty Three thousand. Which means

4:35

that Bitcoin could break and for about

4:37

ten thousand dollars before catching on a

4:39

significant support level. Now after we get

4:41

around, you know the upper forties low

4:43

fifties. This is where a lot of

4:46

support is going to kick in. We've

4:48

seen this be a pretty ah store

4:50

called Consolidation Zone especially to like the

4:52

end of last year beginning of this

4:54

year. So that's why when I say

4:56

I'm looking for any kind of consolidation

4:58

or support zones. It's. More towards like

5:01

the high forties, low fifties and if we break

5:03

year we could be in for a little bit

5:05

of a ride. Nut. Does that mean that the

5:07

bull markets over that mean the decrypt the markets?

5:09

Dad? Does that mean that we're going to go

5:12

into a multiyear bear market? I think the answer

5:14

there is absolutely not. I'm. In

5:16

fact if we look at like some

5:18

the stuff that we raf actually reference

5:21

last week it was saying hey Bitcoin,

5:23

you know historically can dip twenty thirty

5:25

forty percent and we lifted that and

5:27

like multiple different ah weekly run down

5:30

episodes where we said the Queen's very

5:32

likely to move down twenty thirty forty

5:34

percent and side of this having Catalyst

5:36

parabolic style bull market than a lot

5:39

of us are familiar with and it's

5:41

done it about a dozen times over

5:43

the course of every upwards. Market.

5:46

Cycles And so we measure where the top was

5:48

to where we're at today. It's. Only

5:50

about fifteen or sixteen percent. So it's

5:52

easy for us to get upset and

5:55

be like we analyze everything so bad

5:57

when in reality a fifteen percent get

5:59

during one of the parabolic market cycles

6:01

is actually a pretty tamed ah in

6:04

com one at that. And so if

6:06

we're it, actually measure this out. The

6:08

say, well, what would a twenty thirty

6:10

forty percent tip look like. Well.

6:13

That's gonna bring is right down to

6:15

the area that we're talking about. the

6:17

low fifties hi forties, pretty close to

6:19

the two hundred a moving average as

6:21

well and side of the zone while

6:23

all being a pretty average move. And.

6:25

It's not something that I'm putting completely off the

6:27

table now. Does this mean

6:29

I'm going out there and place in shorts

6:32

and I'm betting that the market's gonna go

6:34

down? Absolutely not. Your my firm believer that

6:36

the trend is? Our friend Bitcoin at Pivoted

6:38

at the you know and Twenty Twenty Two

6:41

and ever since this is been going up

6:43

and up and up and up and the

6:45

trend is very clearly appear higher, higher higher

6:47

lows and I think the ultimate trend is

6:49

still very much intact. It's not a market

6:52

that I want to bet is going to

6:54

go down, but it's something that I'm gonna

6:56

prepare accordingly for. So I'm and hope for

6:58

the best. Prepare. For the worse. And that's kind

7:00

of where this. Area. Comes and for

7:03

Bitcoin this is a really have it on t

7:05

level because ever since we broke out to this,

7:07

this has been the area where Bitcoin tends to

7:09

balance out. So. With

7:11

as kind of coming back down here nor

7:13

is bitcoin breaks to the lower elo is

7:15

here. Yeah, I'm kind of breaks the fifty

7:18

nine thousand the sixty one thousand dollar support

7:20

level rate around here than this is where

7:22

I'm going to be a little bit nervous

7:24

expecting lower prices, but you better believe that

7:26

that's an area that I'm gonna be comfortable

7:28

buying. In fact, I was even doing a

7:30

little bit of buying right around here. you

7:32

know? we had this first initial moved down

7:34

on Saturday. kind of to the bottom of

7:36

this support area and I saw that night

7:38

was an area that I was awaiting to

7:40

accumulate more. And I did. You know I

7:43

got my hands on thing like Bitcoin and Theory

7:45

I'm and Salon I and some maker and a

7:47

couple other things as well. I. Think. That.

7:49

There was a lot of opportunity to be

7:52

made their arm but if we did moreno

7:54

hey. I'm gonna wait for the next supports

7:56

on hand. You better bet. I'm gonna be

7:58

picking up some more crypto here because I think that

8:00

there is. Opportunity. Not only

8:03

on the big things like bitcoin and

8:05

the theory, I'm. Arm. But

8:07

also on alt coins. As. Well.

8:10

And so in a one of the things that

8:12

I've noticed even you are in on a loop

8:14

you in here just a second. but. Me:

8:16

If all queens have been kind of

8:19

bleeding, kind of running. And. I

8:21

think it freaked a lot of people out.

8:23

Did you see some of that? Are we

8:25

gonna die? Was a pure number go down

8:27

and it was sad to see I'm. The.

8:30

Social Media A boom we're going up.

8:32

It's like this huge flurry of everybody's

8:34

making money. everybody's a genius, number go

8:37

out, number go up and it is.

8:39

It's is so interesting the psychology of

8:41

this is normal human of when everything's

8:43

going wrong like you deadly see some

8:45

funny means maybe or people talking about

8:47

it but he gets a lot quieter

8:49

on the timeline and like I'm look

8:51

at the price and me I'm like

8:54

holy crap like this things move and

8:56

like crazy and then I'm looking at

8:58

Cana Twitter and you know the sources.

9:00

That I keep track of to see.

9:02

You know who's talking about why? And

9:04

it's It's noticeably quiet and insists people

9:06

licking their wounds in there probably can't

9:08

even sweet because they're scared Answer portfolio

9:11

numbers like a slot machines his role

9:13

and downward. Yeah, we. We were joking

9:15

about it yesterday and I. The

9:18

amount that your portfolio can change even

9:20

undies kind of needs is just astonishing.

9:23

Yeah. I got And in, oh there goes the down

9:25

payment on a house or whatever it may be, And

9:27

it's gonna vary from person to person. But. In.

9:29

I think it's safe to say that. On.

9:31

Any person that holds a significant amount

9:34

of alt coins here. Is. Feeling

9:36

the pain. You know we don't

9:38

have to be a millionaire to do and I think. Everyone

9:41

is feeling a bit of the pain so

9:43

long as they hold out. Queens here and.

9:46

The. Main reason for that is that

9:48

all coins typically move around two to

9:50

three times faster than bitcoin on average.

9:53

Now what does that mean? What that

9:55

means that when we're in the uptrend

9:57

and when everything's do an really well.

10:00

Good. It's. A positive things is so

10:02

this is a double edged sword. So in

10:04

the up trend here, you know what you

10:06

say? That Bitcoin you know, moves roughly. Eighty.

10:09

Eight percent source to say it's one hundred percent

10:11

new to the upside, Let me that a lot

10:13

of all coins might have moved to to three

10:16

hundred percent to the upside. What Bitcoin only did.

10:18

One hundred Percent. and I think that we can

10:20

look at some of these other charts and kind

10:22

of see this and say hey, you know this

10:24

one outperformed bitcoin. We can also look at like

10:27

stacks here recently during a two hundred percent move.

10:30

The. List goes on right? There's crypto that are moving

10:32

two to three times faster than the queen. And.

10:34

The uptrend Now twenty down moves happen

10:36

like religion at right now some these

10:39

pullbacks and bitcoin over the weekend As

10:41

we measure from the over the course

10:43

of like Friday to Saturday, bitcoin fell

10:45

by roughly fifteen percent. Now if we

10:47

go and we look at some other

10:49

all coins or says you salon as

10:51

an example here over the course of

10:53

Friday the Saturday top the bottom so

10:55

on a cell by about thirty percent

10:58

we can go We can look at

11:00

Ajax very similar story. Iraq's fell by

11:02

about thirty eight percent. We can look

11:04

at stacks. Stocks fell by about thirty

11:06

two percent. We can look at matic

11:08

matic, cel by about thirty four percent.

11:11

The. List goes on. Know. Why am I

11:13

bringing this up or get it? goes back to

11:15

the idea of alt coins are moving down. And.

11:18

Upwards about two to three times

11:20

what Bitcoin is doing so. When

11:22

they quintile by fifteen percent were seen

11:25

a lot of all quince fall by

11:27

thirty forty percent and. He

11:29

that that's just the nature of them. Again, it's

11:31

a double edged sword. When we're moving up, everyone's

11:33

like all coins, all coins or current. ah and

11:36

was getting all excited about it. But you have

11:38

to understand that it's a two way street. When

11:40

the markets move down, all quins are going to

11:42

be more volatile. The bitcoin when the markets move

11:44

up there gonna be more positively impacted. By

11:47

some of this price action and the

11:49

reason for that is that your alt

11:51

coins are smaller and market cap. These

11:53

are assets that require smaller amounts of

11:55

money to move them more significantly. You

11:57

know, with Bitcoin being a one point

11:59

you. Trillion dollar assets. You.

12:02

Know, putting a billion dollars into it

12:04

is gonna impact the bitcoin chart a

12:06

lot less than it would impact like.

12:08

You. Know something smaller was just

12:10

use our. Maybe. Like. Avalanche

12:13

for example, right of weird, Put a

12:15

billion dollars in the Avalanche. It's gonna

12:17

drastically impact the price chart a lot

12:19

more than it would the bitcoin chart

12:21

Because bitcoin is a one point two

12:23

trillion dollar assets. and Avalanches only, you

12:25

know, a. Twelve and a

12:27

half billion dollar assets sell bitcoin significantly

12:30

larger and that's what's going to ultimately

12:32

kind of determine some the effect here.

12:35

So. Yeah, lots of stuff happening and

12:37

I think with this kind of drastic. Downturn,

12:40

That we saw or this more like. Volatile

12:42

downturn that we saw the queen

12:45

dominance actually skyrocketed to new multiyear

12:47

highs. Tivo. And ah, what

12:50

this means is that bitcoin in

12:52

comparison. To. Pretty much the

12:54

all queen market saying. You know how much of the

12:56

crypto space is made up by bitcoin? On

12:58

does shut up above fifty seven

13:00

percent. And. That's the highest point

13:02

that we've seen in over three years. So we

13:05

zoom out on this chart. The. The

13:08

last time that we saw the

13:10

queen dominance it's fifty seven percent

13:12

was after it was, you know,

13:14

kind of just free falling down

13:16

words in the last parabolic market

13:18

cycle on. All. The way

13:20

back to any what was his April Beginning

13:22

of April of Twenty Twenty One. So.

13:24

It's been over three years since

13:27

we've seen Bitcoin dominance this high.

13:29

And again, one of the things I don't

13:32

want to reiterate is that the queen dominant

13:34

always climbs. And. Historically at

13:36

least and as always climbs going into

13:38

a bull market and what are you

13:40

know. you know this time is no

13:42

different. Bitcoin dominant has been climbing and

13:44

climbing and climbing leading into this market

13:46

cycle just like it did in Twenty

13:48

Twenty One. Just like it did and

13:50

you know them the cycle before that

13:52

just like it did over in two

13:54

thousand and like seventeen on we can

13:57

see the decline that a kind of

13:59

did in. And that

14:01

same period as well. So we always

14:03

have these up periods before the bull

14:05

market, up periods before the bull market,

14:07

and then it always cracks and so

14:09

on. Bitcoin dominance is falling like we

14:11

see in the Twenty Seventeen and Twenty

14:14

Twenty One Bull Markets as after a

14:16

period of extended outside for bitcoin dominance

14:18

and then it crashes in all wins.

14:21

Go. Crazy towards the upside so lot

14:23

of stuff happening there. a lot of

14:25

cool stuff that's are. Working.

14:27

In the background. but I think another cool

14:29

chart tivo was actually one that you should

14:32

meet. You know we're talking about it. Right

14:34

before the episode, he found a really cool

14:36

tweet that was kind of fitting. the. Narrative.

14:39

Of what we've been referencing said they we

14:41

can flash that up on the screen. Ah,

14:43

and talk about it a little bit. But.

14:46

Essentially know for the people who,

14:48

ah, I'm. Have

14:50

not there. It is for the for

14:53

the people who haven't seen this. This

14:55

is kind of just saying that everything

14:57

that's happening here is not. Too

15:00

crazy like it's all kind of to

15:02

be expected. I'm as wild and as

15:04

emotional as these moves can get. Our

15:07

store in is a. Pretty.

15:09

Popular analyst on you tube A

15:11

lot of people are probably already

15:13

familiar with them on but basically

15:15

what he same here is that

15:18

the deeper the pullback or whatever

15:20

we want to call this on

15:22

is on track historically with pre

15:24

having news to start the cycle.

15:27

Now what does this mean In

15:29

simple terms, this move is super

15:31

textbook in comparison to every other

15:34

previous market cycle. This isn't anything

15:36

crazy and historically like this kind

15:38

of move has happened that the

15:40

having right around the time of

15:42

the having and then afterwards there's

15:45

the cycle. Sorry so again is

15:47

that a guarantee that we're just

15:49

gonna move up afterwards and that

15:51

word is can appreciate now. but

15:53

I think the be big point

15:56

about Alex and us. Have been trying

15:58

to make over the past couple weeks is that. The

16:00

All: we've always this choppy nasty

16:02

period around the time of the

16:04

having and it's followed by one

16:06

of the most historical runs and

16:08

any kind of market. You.

16:10

Know that most of us have ever seen. And.

16:12

So. Yeah. I like this.

16:14

I'm excited for the having. Needless to

16:17

say, ah because we're expecting to see

16:19

that happen. This. Friday

16:21

I believe this Friday afternoon. Maybe

16:24

Friday night is are more correct term, but

16:26

it's only a few days away. So.

16:28

We're not that far off. We have a lot of

16:31

stuff the look forward to. And there's

16:33

a lot of positive stuff. That.

16:35

Is happening. Around the world

16:37

and I think that this can kind

16:39

of. You know, maybe we talk about

16:41

some of the like catalyst that caused

16:43

us to crash first. Ah, Because

16:45

a lot of people were like know what the

16:47

world could have could have brought us the slow

16:50

in the first place I'm in. A lot of

16:52

it stems from. Geo. Political uncertainty

16:54

in a lot of us have seen

16:56

a lot of the stuff that's happening

16:58

over and like the Middle East in

17:01

those areas on and what that means

17:03

is that you know what people are

17:05

looking at that they're saying hey, there's

17:08

some sort of uncertainty there So the

17:10

first thing that is going to be

17:12

affected are all kinds of on risk

17:15

asset classes. This can be things like

17:17

stocks and indices in crypto, currencies and

17:19

anything like that. anything that's deemed and

17:21

on risk assets. Is gonna

17:24

be the first thing the respond to this news

17:26

now at the time of this news getting released

17:28

around Friday Saturday. Or most of

17:30

the traditional markets were closed said

17:32

the only thing that could react

17:34

to this news wise, the crypto

17:36

markets because it's really the only

17:38

twenty four seven market that's out

17:40

there online. And. So on people

17:42

were going and looking and saying hey, how

17:44

can I react to this news I'm really

17:46

the only way that they could have done

17:48

that is by going and in shorting or

17:50

or selling the crypto markets because it was

17:52

the only one open. So I think that

17:54

it had a bit of. A

17:57

over exaggerated reaction.

18:00

Upon the initial move you know it's when we

18:02

saw that they kinda like down on the decline

18:04

in all coins and then it in. I'm actually

18:06

going to flashes up on a screen share here

18:08

just to show everyone that like. Everything.

18:11

Is getting a piece of his volatility? And.

18:13

So if we go on we look at like

18:15

Nasdaq for example on this thing went off a

18:18

cliff. As. Well so the markets open

18:20

up for this. You can see that

18:22

you know Friday had a nasty move

18:24

down Monday.down even more and then today

18:26

it's still a red day as been

18:28

struggling to recover any kind of market

18:30

share and so just in the past

18:32

like several trading days. On Nasdaq's

18:34

down three almost four percent, which is pretty

18:36

half the I know crypto people are going

18:38

to look at that and are gonna go

18:40

for percent. You know that's nothing we do

18:42

that on a sideways day. On. Buffer

18:45

a major into see like Nasdaq that is worth

18:47

like. You know, just trillions and

18:49

trillions of dollars. Ah, And

18:51

a significantly larger than something like Bitcoin.

18:53

That's. A big move. And not only this, you

18:55

know it broke the twenty day. It broke the

18:58

fifty day moving average. This is something that hasn't

19:00

happened in over like six months now and the

19:02

gold prices have been going crazy as well. On

19:05

and Golds finally getting a lot

19:07

of volatility, which has raised some

19:10

some crypto naysayers, right? My.

19:12

God Peter Schiff. And. I want to

19:14

spoil too much now because we're in a get into

19:16

it a little bit later in the shell but as

19:18

a lot of stuff the kind of unpacked year and

19:20

what's going on in all the gold bugs that peter

19:22

ship or com a now insane see. In. A

19:24

we told you sell but again, I want to spoil that.

19:27

Bernie. Get into that just a moment

19:29

here. So it's kind of some of

19:31

the stuff that I've seen around like

19:33

Bitcoin again just it reacting first. it

19:35

was one of the only markets that

19:37

was open on and so it's not

19:39

just Bitcoin your you know, the stock

19:41

market getting rak. We saw Nasdaq we

19:43

can look at, you know, On

19:45

the Snp. Also, all just a lot of this

19:47

stuff is in freefall. It's not just the crypto

19:49

market and it was easy to kind of look

19:51

at the stop and say hey I feel left

19:53

out year Be a wise wise kids are doing

19:56

that. When in reality, that's

19:58

just the nature of this kind of geopolitik.

20:00

The news is that on risk assets are

20:02

always affected first arm, but I don't think

20:04

it has to necessarily be a long term

20:07

thing. As as a markets don't

20:09

like uncertainty and we couldn't really find a

20:11

chart for it. but there is plenty of

20:13

you know, Showcasing of you know

20:15

in the history of uncertainty and the

20:17

Gf geo political sense the most recent

20:19

one would be that the Russia leading

20:21

up to Ukraine like I remember the

20:23

day the that happened the we did

20:25

that happen there was the you know

20:27

a similar like just everything sold off

20:29

everything you know three days straight our

20:31

world war three and you know as

20:33

sad as these things are in in

20:35

the sense of war you know not

20:37

being good for anybody. You.

20:40

Know it, it's is the market. As

20:42

digested in history shows this isn't even

20:45

an opinion. The history shows that you

20:47

know after digesting the uncertainty and realizing

20:49

that in around the world will go

20:51

on. The you know

20:53

it. it. Proves. To kind of be

20:56

a buying opportunity Not I agree. You

20:58

know, know, I think no one's hoping

21:00

for were right by. It's one of

21:02

those things where. If the news

21:04

gets resolved and sec hey all this gets

21:06

resolved the Goes way is a good thing

21:08

right? because now the uncertainties not there anymore

21:10

on and if it does turn into something

21:12

more long term I can. No one wants

21:14

to see that. But. Historically speaking,

21:17

that's. Stimulation. For

21:19

the economy and it typically has

21:21

a good effect on. On.

21:23

On risk assets prices on so

21:25

it's not something that really has

21:27

me to concerns here. but we

21:29

do have some positive news on

21:31

it. changed in the tempo with

21:34

the Hong Kong it Yes! Now

21:36

if you're an avid crypto listener

21:38

and you're probably caught this Ah,

21:40

but the first bitcoin spot each

21:42

yes were approved for Hong Kong.

21:44

Now Hong Kong is one of

21:46

the largest financial markets in the

21:48

world. I believe that they are

21:50

a top ten. And.

21:52

They have a huge impact on the

21:54

ah Asian markets so what we've actually

21:56

seen over here is a lot like

21:58

mixed reactions of. The thing a this

22:01

is gonna change the game. It's can

22:03

be just as big as the ah

22:05

United States spot Bitcoin eat yes ah

22:07

or people saying that it's gonna mean

22:09

nothing at all. I think that there's

22:11

a happy medium here. On understanding that.

22:13

They. Are going to be effective but they're

22:15

not gonna be to the same degree of

22:17

like. The stuff that we've

22:20

seen coming out of states, right? I mean,

22:22

we're Blackrock, We have fidelity, We have been

22:24

Ike, We've all these other people that are

22:26

just. Gigantic. I'm

22:28

in terms of size and so the way

22:30

that I look at this and we've had

22:32

some some Bloomberg. Ah, an analyst

22:34

kind of say the same thing over

22:37

here is just. Hey. This is gonna

22:39

be big. But. It's not going to be

22:41

as big as the North American one, So

22:43

they're saying that they're estimating now are around

22:45

a billion dollars in the first. Two

22:48

years. And what

22:50

we've seen. From the North American

22:52

or rather the United States Bitcoin each.

22:54

Yes, ah, is that they've done about

22:57

I think fourteen twelve to fourteen billion

22:59

arm and inflows already this year? So

23:01

just in the last couple months. So

23:03

again, is it market making? Is it

23:06

just like market changing? Not necessarily. but

23:08

it's still really positive thing to be

23:10

able to say. hey, we could get

23:12

a billion dollars in additional inflows. And

23:15

I think the bigger picture that this

23:17

paints here. Is. That. The.

23:19

Adoption and the desire for

23:21

the south. Is. Still global

23:24

as not something that just you know

23:26

us as listeners in the states or

23:28

wherever you may be listening from on.

23:31

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23:33

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Product availability varies by location. And.

25:05

So this allows people. and one of the

25:07

cool things about that tweet is it saying

25:09

you know around people around the Hong Kong

25:11

area, even people from Australia and some of

25:13

these other zones that are more on that

25:15

side of the world. It allows them to

25:17

get exposure to the stuff and. Again,

25:20

the market. Precedent. Is

25:22

such your arm? So now all around

25:24

the world people are going to start

25:27

being able to get exposure to Bitcoin

25:29

and different ways. Whether that is them

25:31

holding it themselves, whether that is them

25:33

going through each he asks People globally

25:35

wanna get their hands on us and

25:37

the asset managers globally want to be

25:40

able to get exposure and give their

25:42

clients this because the desires there so.

25:45

I still viewed as a net positive

25:47

again is as gigantic as a blockage?

25:49

Yes know. But it's still really big

25:52

news. So. I mean yeah I'm and

25:54

see where you can see in the same thing. Yeah,

25:56

on your own. I'm. You. Know people

25:58

are said to talk about it and like. That people

26:00

are trying to make it bigger deal of

26:02

it that it may be. But it's just

26:04

it's still positive nuggets in a positive bull

26:07

market I'm marching forward with. You know, a

26:09

lot of noise around it. A Lot of

26:11

noise around the world. A lot of noise.

26:13

Arm. You. Know it's it's it's

26:15

not all up only all the time. but

26:18

wait when you're down and out not down

26:20

now but when you're down and haven't of

26:22

tough week and a still can find positive

26:24

news on their like the Hong Kong that

26:26

eat yes and the bitcoin having literally two

26:29

days way So I got the the counter

26:31

appeal flash enough for your Depp flash it

26:33

on the screen. This. Is

26:35

I? This. Is exciting.

26:37

So the the bitcoin having if you're

26:39

new and you don't know what it

26:41

is don't worry are essentially what this

26:44

means. And yes, two days in roughly

26:46

seven hours away and this is something

26:48

that people been waiting years for and

26:50

it's finally here. I man I cannot

26:52

be more excited about this. Were actually

26:55

get to have a little bit of

26:57

a having party this Friday. Amla. How

26:59

much. Or at a plug it. but. You.

27:01

Know. It's the reason I bring it

27:04

up as because it's a really exciting, big

27:06

moment and people seriously been waiting years for

27:08

this to happen and all that it means

27:10

is that the inflation rate of bitcoin is

27:12

cut in half. And. This happens

27:14

roughly every four years and.

27:17

He know the mining rewards for bitcoin. I did cut

27:19

in half so I think it was like six and

27:21

a half. Now it's gonna be or six him like.

27:24

Something. Like that second half seven now

27:26

can be going to something like three

27:28

and a half and you get the

27:30

picture on. every four years he gets

27:32

cut in half. And so the rewards

27:34

for the bitcoin miners also does well.

27:36

Now what that means is that it

27:38

kind of raises the floor price of

27:40

Bitcoin because miners have a new breakeven

27:42

price and they're getting have as many

27:44

Bitcoin arm in return over the next

27:46

four years than arguably be. Price of

27:48

bitcoin needs to double in terms of

27:51

it's break even floor, so I look

27:53

at some numbers on actually. Yesterday about

27:55

this. And the new break

27:57

even price for bitcoin is estimated to

27:59

be. Roughly. Fifty

28:01

thousand dollars. And

28:03

so the breakdown of this is that

28:06

about thirty thousand of that fifty thousand

28:08

dollar floor price is going to com

28:10

from fixed costs. So just in a

28:12

fixed operating costs and then the additional

28:15

twenty thousand dollars is gonna come from

28:17

variable costs such as you know, things

28:19

like electricity for example. So that's how

28:21

they're getting this number of around fifty

28:23

thousand dollar floor. They're saying. Okay, what

28:26

are the operating costs? Would have a

28:28

fixed costs that can be roughly fifty

28:30

thousand dollars would have the variable cost

28:32

such as electricity. That can be

28:35

roughly twenty thousand dollars. And that's where

28:37

we're getting this new price estimate of

28:39

a fifty thousand dollar for for Bitcoin

28:41

are being asked and historically speaking whenever

28:43

Bitcoin has approach that that new price

28:46

floor which again is not here yet

28:48

but we'll see that happen on Friday

28:50

Late Friday, a store glee that has

28:52

been one of the best buying opportunities

28:54

to accumulate Bitcoin around that price floor

28:57

and we saw that happen. And you

28:59

know previous market or market cycles especially

29:01

during around the time of the. Covert

29:03

Crash. One. Bitcoin like

29:05

really really jets know when dick when

29:08

fell below the the it was like

29:10

hey this is a fire sale and

29:12

it's hyperbolic recovery afterwards and the know

29:14

he saw them like that I remember

29:16

hearing about like the miners. Going

29:19

offline like the miners in Turn off their machines

29:21

of the goes to Love is it just doesn't

29:23

jump, Doesn't make sense, doesn't make sense to produce

29:26

at that level. and then same thing of the

29:28

price isn't high enough. They're not going to sell

29:30

at a loss unless I guess they're going into

29:32

bankruptcy, but for the most part you know it

29:35

could be an interesting. Your. Price point

29:37

to keep an eye on and I've

29:39

heard so I've seen online again. I

29:41

don't know how to personally how to

29:43

generate these numbers with the you know

29:45

the formula but I've seen everything from

29:47

fifty to seventy to be honest on

29:49

multiple people and respectable respect. Wow of

29:51

of you know influencers and new people

29:53

that kind of study the stuff's I've

29:55

seen fifty to seventy as a for

29:57

place. Yeah.

30:00

You know that's a really cool because I

30:02

looked at this may be a year or

30:04

two ago and I believe the theory is

30:06

that before price would be around like thirty.

30:08

Ah, I'm thirty thousand or like forty

30:11

thousand and it's cool checking back now

30:13

and you're right, Like a lot of

30:15

the predictions are like fifty sixty seventy.

30:17

I was talking a map one of

30:19

the analysts over here and he was

30:21

saying that you know he's seen sixty

30:23

thousand. I've. Seen fifty thousand you now

30:25

saying that you've seen some people even go

30:27

up to seventy thousand. Ah and the good

30:29

news here is that the higher the floor

30:31

price kind of a better for for all

30:33

of us over yourself. Exciting.

30:36

Stuff I mean men. the having is just

30:38

a moment away and. A said it

30:40

before. I'll say it again. I

30:42

truly do believe that up until

30:44

this point we have been riding

30:47

off of other Catalyst off of

30:49

retail interest, off of institutional interest

30:51

off of the bitcoin. Each yes,

30:53

working as a catalyst l all

30:55

these other things. And.

30:58

Now I think we're finally

31:00

entering in. To. The

31:02

first inning of the bitcoin having

31:04

as a catalyst which is stored

31:06

way the most impactful, unimportant catalyst

31:08

of the day. dare I say.

31:11

I think. It's. Not

31:13

it would be interesting to see like a

31:15

cell the news event because markets are obviously

31:17

forward looking and as a gift so many

31:19

more speculators that have been in for the

31:22

eat Yes and then again. same thing that

31:24

I always bring up as you hear the

31:26

Talking Heads on T V the you know

31:28

that are holding Bitcoin but are not necessarily

31:30

Trebek when believers start mouth thing like a

31:32

dog here. Black Rock's year marketing I'm here

31:35

to for the marching Power Blackrock. There's the

31:37

having of and some of them say happening

31:39

in there. There's a lot of people in

31:41

the market. I think that. right?

31:43

Now that might have prices in in

31:46

their own models, they are necessarily want

31:48

to be true holders of Bitcoin and

31:50

so similar to when the eat yes

31:52

you member back in in January one

31:55

Ctf got approved. There was that three

31:57

four days of a massive sell off.

32:00

people start like what own on and then

32:02

he a quick reversal up. Through all

32:04

new all time highs and so I think.

32:06

The. Geopolitical thing that happened last

32:08

weekend also gives kind of a

32:11

teetering little you know, Skepticism.

32:13

Of where this price my go but I

32:15

wouldn't either Again just like you said the

32:17

big A the show. technically there's room to

32:20

the upside there's room to the downside but

32:22

the I wouldn't be shocked if you know

32:24

next week after this the coin having thing

32:26

goes through that it it gives a lot

32:28

of kind of more the speculators and traders

32:30

that that are newer to the space to

32:32

kind of be a guy we made we

32:34

made a move and take some profits in

32:37

the south Southern is I think that's a

32:39

great example. I mean look at the bitcoin

32:41

a Gf like you said they. Ah,

32:43

upon impact, just sell off. Prices were

32:45

falling, everyone is freaky now and then

32:47

you zoom out to like a week

32:50

or two after that sell off and

32:52

prices just went crazy. On

32:54

and we could see. could again emphasis on

32:57

could we could see the same kind of

32:59

reaction with the having I mean we saw

33:01

during the that each yes everyone's like all

33:03

it was a cell the news event in

33:05

our the the markets over this and that

33:08

everyone is freaking out over exaggerating. And

33:10

and we just skyrocketed price afterwards and it

33:12

stop all the week hands out and they

33:15

all got wrapped in all the bears detail.

33:17

And. Having is probably my opinion I think to have

33:19

is gonna have a similar reaction Now can be a

33:22

little bit more long term. You. Know it

33:24

might not be as immediate, but I think the

33:26

long term plays still there and I think that

33:28

there's gonna be people. Looking. Back

33:30

on. He know a sixty

33:32

thousand dollar bitcoin and saying man, I.

33:35

Wish that I would have got my hands on

33:37

Bitcoin at Sixty K. Just as like the last

33:39

time around people are like man I wish I

33:42

would have gotten the hands on deck when it

33:44

like twenty cats so I would We we live

33:46

in such a twenty four hour news cycle that

33:48

you know no matter no matter what have they

33:50

do in over the course of leave you zoom

33:53

out on bitcoin like what an awesome run of

33:55

the last year. Six months, three months. but then

33:57

yeah the last month's has had a lot of

33:59

shop. You know, if you pick out

34:01

specific weeks or five days in that month

34:04

period? There's you know, Flash. Crashes

34:06

or whatever you want Com and in

34:08

the news picks up on than pumps

34:10

that and the a says it's hard.

34:13

It's hard to take a longer term

34:15

picture sometimes when you live in this

34:17

just constant content from Axe to T

34:20

V and and sometimes. These. That

34:22

the narrative zakat spot up even though it's

34:24

positive that there's a lot it's hop around.

34:27

Bitcoin is bequeath. yes I still a lot

34:29

of these. host just still skewered so negatively.

34:31

so he is you know is, got it

34:33

back up to your beliefs and and be

34:36

a long term believer. Yemen

34:40

one of the other things that we've seen

34:42

here recently. It is the whole bitcoin versus

34:44

god, the base, our heating up again and

34:46

our our guy peter schiff here we've mentioned

34:48

about on here. You. Know for

34:51

a little bit he had this almost

34:53

both stance on bitcoin out where it

34:55

seemed like he was finally pivoting from

34:57

being super bearish on it to saying

34:59

a you know, maybe there's value their

35:01

it's not for me, but you know

35:03

people can make money with it. And.

35:05

Now is Hannah going back to this idea

35:08

of gold as supreme Bitcoin is every not

35:10

ever been like bullish. believe wrong. like the

35:12

technology or the use case for ability. He

35:14

had to bend the knee from like fifteen

35:16

thousand set this this sixty thousand and likes

35:18

or it. I guess if you bought a

35:21

here yes you could have made money but

35:23

now it's time to transfer into gold and

35:25

he's is really anti of holding her being

35:27

a part of bitcoin in any way. but

35:29

he did After bend the knee to be

35:31

like are cool yeah you could have made

35:34

money Yeah and he was just on. It

35:36

tv talking about this and fact let's

35:38

go have a role. The classes is

35:40

a set it up. This is Fox

35:42

arm with Charles Pain and. Peter.

35:44

Schiff was on Charles been talking about gold

35:47

and Bitcoin and then Natalie I Brunel who

35:49

is a you know crypto influence or big

35:51

big presence on acts are they brought her

35:53

in I'm I guess they die the I

35:55

guess they didn't tell Natalie are Peter that

35:57

they were doing this for their yeah. Those

36:00

planes producers kind of created this like quick you

36:02

know, debate between the two and a guts. it

36:04

got pretty heated. The here's here's a one minute

36:06

clip of of what I thought was the best

36:09

part. Of. Natalie were smart.

36:11

As soon as this segment is over,

36:13

she would sell all of her bitcoin

36:15

experts if she doesn't sell it. Now,

36:17

she's going to sell it later at

36:19

a much lower right. Well this is

36:21

what we call fighting words and I

36:23

think that similar drivers are both was.

36:25

Let me introduce the to ah Natalie

36:27

Malik mean Peter. Peter meet Madeley are

36:29

Natalie soil for you? What would you

36:31

sell? Peter. Oh, I know Peter

36:33

and you know at the Coin ourselves

36:36

feel the need to constantly attacked goals

36:38

because we're not threatened by gold. and

36:40

the reason that we have sailed see

36:42

our experiments that is impoverished our nation

36:44

is because of the de sac of

36:46

gold, the fact that it's not easily

36:48

portable, it's not easily verifiable, it doesn't

36:51

offer instant final global settlement. And so

36:53

you know what centralized authority hijacked? It's

36:55

a papered over it and we have

36:57

a system of leverage and re hypoxic.

36:59

a sense that hurts the working class

37:01

because is immune. To all of that it

37:03

is a savings account for billions of people

37:06

that we really need an engine most rely

37:08

on and it offers that final global get

37:10

a settlement that we need. and so bold

37:12

as the analog version of some money but

37:14

bitcoin as the digital version and that's why

37:16

it's gonna be the faster horse in this

37:18

race. Yes I mean I I thought I

37:20

was a great big. It's actually if you

37:22

want to find the full when you double

37:24

your find annoying on x or things like

37:26

five minutes segment made a spark back and

37:28

forth but I thought I'm obviously she's great

37:31

well spoken those are points are my favorite

37:33

point is the the papers Asian of Gold.

37:35

Because. Like you could say that a Goldberg

37:37

I own a bunch of gold. It's like

37:39

will do you really like you own it

37:41

in your brokerage account would says you know.

37:43

Basically it's a email or piece of paper

37:45

that says you own the rights to this

37:47

amount of gold. Bully: Where Where is that

37:49

gold? Mean exactly. I also

37:52

like that she said that like bitcoin

37:54

encrypted, people don't feel the need to

37:56

attack gold. The gold people have the

37:58

deed to it's. Bitcoin or

38:01

the want to attack Bitcoin. And let

38:03

me just preface this by saying I'm

38:05

a precious metals holder. I hold precious

38:07

metals. I like Goal. I think goal

38:09

is good at it. It has a

38:11

place. but to argue that gold is

38:13

you know now superior to Bitcoin is

38:15

just wrong arm and actually want to

38:17

throw but chart the kind of signified

38:19

this because ironically I was supposed to

38:21

do the same thing with with Peter

38:23

Schiff are chef a couple years ago.

38:26

Arm. But. Something happened in and

38:28

ended up being a one way conversation with

38:30

me and some of the hose both supposed

38:32

to be on a similar panel to this

38:34

solace. Fully prepared to have you know gonna

38:36

an exact same and and similar conversation. Or.

38:39

And so what? We've actually seen that of

38:41

week's show. You know, the bitcoin chart. Let's

38:43

just show in. or maybe the last. Like.

38:46

Few months here. In fact, malicious go year

38:48

to start. Maybe January to where we're at

38:50

today. Arm. Or with to where the

38:53

high was is about ninety three percent if we

38:55

want to go even farther back. And much to

38:57

say hates just since you know twenty twenty three

38:59

two, about a year or two a one year.

39:02

Year. To date, Bitcoin is about two hundred

39:04

and sixteen percent. What? We go.

39:06

we look at gold for example, and I want to

39:09

zoom out to a weekly chart because we're really going

39:11

to get the big picture here. On. And

39:13

we zoom out on the gold chart and we say

39:15

hey. If we measured the lowest

39:17

point the gold has been in the last

39:19

decade, the last ten years going all the

39:21

way back to November of two thousand and

39:24

fifteen about nine years ago and we measure

39:26

up to the current price of gold. From.

39:29

Top to bottom again. from the lowest price

39:31

in the last decade to the highest price,

39:33

it's about a hundred and thirty percent reward.

39:35

Which means that if you would have bought

39:38

the perfect bottom in the last decade, And.

39:40

You would have held it to the highest point. You

39:42

would have made a hundred and thirty percent arm over

39:45

the last. Ten years. Which means that

39:47

you would have gotten on average a thirteen percent.

39:49

From. Work is that bad. Know again, I

39:51

think it's good. One hundred thirty percent. great

39:53

move and in gold to solid investment. but

39:56

you can't compare it to Bitcoin that has

39:58

done. Well. You know it's the double

40:00

what God has done in the last decade in

40:02

a perfect world. Ubiquitous.

40:04

Done that. In. A year now

40:07

only the Donna. It's done twice that in

40:09

a year's time for him a gold was

40:11

able to do in ten years time frame

40:13

sought only month think that there is a

40:15

comparison. I mean of we were to take

40:17

the ten year you know expectation of on.

40:20

Gold. Vs Bitcoin Bitcoin wins of we take

40:22

the one year they queen still wins and so

40:24

I just don't know how that there's any kind

40:26

of a comparison to say that goal is now

40:28

just disappear. As I think that they're different, I

40:31

think that they both have a time and place

40:33

again. I'm a fan of both.

40:35

I hold both medals and Bitcoin, but

40:37

I think when you're looking at price

40:40

appreciation, I just don't understand how someone

40:42

like him can still argue and in

40:44

heat on bitcoin here. I mean, it's

40:46

been outperforming gold consistently for so long.

40:49

I mean, since it's inception and so

40:51

there are these you know, peaks and

40:53

troughs. But. Imo. Know that's

40:55

the way that I looked at it. I

40:57

think that they're kind of two different assets,

40:59

but I really don't know how there's any

41:01

kind of an argument here that you know

41:03

gold is just so much better. And in

41:05

a gold finally goes on. This ryan of

41:07

em in. is it In the last maybe

41:09

month or two here goes on a run

41:11

of twenty one percent and now you have

41:13

people like Peter Schiff going out and say

41:15

and all I told you so I told

41:17

you So you know Bitcoins moved down to

41:19

ten percent, goes moved up ten percent. And.

41:22

It's of in the way. The one year on

41:24

gold is twenty percent. Yeah,

41:27

so it's like. It's.

41:29

Is has a hard time keeping up in again.

41:31

I think it as a time in a place

41:34

and I you know Golds a Us. In.

41:36

Or solid store of value over the

41:38

long term ends. You. Know

41:40

they're just are complications with it and I was

41:43

one of the things that you kind of mentioned.

41:45

He though as if you look at like paper

41:47

price and physical price you have two different things

41:49

because you have a paper price and then you

41:52

have the physical price but the physical prices always

41:54

have premiums on on and I was like one

41:56

of the big issue with precious metals especially gold

41:58

and silver over the last. Five years

42:00

or so now is that the premiums on

42:02

them have been so far apart from the

42:05

paper price that it makes trading them and

42:07

holding them a pain because you'll go in.

42:09

And I remember at one point, especially on

42:11

silver, aren't the premiums on them were almost

42:14

as much as the underlying asset itself. So

42:16

if you wanted to go and you wanted

42:18

to buy, you know. An

42:20

ounce of silver, whatever it was, and I

42:23

think you'll like twenty thirty bucks. Some of

42:25

them could have twenty dollar fifteen dollar premiums

42:27

on, which is just insane. So.

42:30

I don't know. It's it's a complicated

42:32

situation my I think both are positive.

42:34

My think that sorry you had to

42:36

guess what you think. Peter says net

42:38

worth is. Oh.

42:42

Man, just on. Let's.

42:45

Go. Let's. Go.

42:49

Twenty. Nine. Only Twenty. Interesting.

42:52

the argue a.eight years your guess I don't

42:54

know to see him all over easy He

42:56

manages any game is over a billion and

42:59

go is always on tv and tosses book

43:01

like I'll I was going with him in

43:03

like couple hundred million clicks or three to

43:05

five hundred net worth of I was waiver

43:08

ah yes foods and again this is just

43:10

a quick google so I we don't know

43:12

it's real numbers but I'm seeing them see

43:15

and eighty m and seventy ah. Yeah.

43:18

Just I thought. I thought

43:20

it would be a lot more than just

43:23

how a Yemeni holds himself. very professionally obviously.

43:25

And eighty million nothing to sneeze at. I'm

43:27

but I don't. I just I like the

43:29

way talk. Down. About

43:32

Bitcoin as like maybe he's as never needs

43:34

to make another buck which you know you

43:36

don't have that much more hundred million clog

43:38

the three to five hundred that worth of

43:40

I was waiver ah yes foods and again

43:42

this is just a quick google so I

43:44

we don't know with real numbers but I'm

43:46

seeing and see and eighty m C and

43:48

seventy ah. Yeah.

43:51

Just I thought. I thought

43:53

it I would be a lot more than

43:55

just how Yemi holds himself very professionally obviously.

43:57

And eighty million nothing to sneeze at. But

44:00

I don't I just thought I'd the way talk.

44:03

Down. About Bitcoin as like maybe he just

44:05

never needs to make another buck which you know

44:08

you don't have that much money I guess but

44:10

I there's a there's a lot more people in

44:12

the in the billionaire camp and hundred millionaire camp

44:14

that that like because I feel like. Get.

44:18

You know, I think he got in on

44:20

like a while ago and again I could

44:23

be wrong here, but I think he got

44:25

in like before the two thousands. Maybe that's

44:27

why a bit going on because he knows

44:29

he did the calculation. If you put like

44:31

one million into bitcoin, you would have doubled

44:33

his net worth. Their. Exactly

44:37

and like is made good

44:39

money but. Could. He made

44:41

money pretty my could he have made more money

44:43

because I think he is an intelligent guy but

44:45

I think now his whole personalities roam around gold

44:48

and so I think he has a little bit

44:50

of regret saying hey let me like you said

44:52

he well he's everywhere on people think that he

44:54

had probably has a bigger network than he dies

44:56

Arm is certainly made a great life for himself,

44:59

but you know, had he put that money in

45:01

almost anything else. He probably

45:03

put even more wealthy on whether

45:05

that was like the Nasdaq or

45:07

the Smp. or I mean heck,

45:09

Bitcoin. even. See. Could

45:12

be. In. That like several hundred million?

45:14

Maybe even a billionaire? Arm so I

45:16

don't know. I think maybe that's where some of

45:18

his saltiness stems from. They may be some of

45:20

it is a lack of understanding. I think some

45:22

of it is also just saying hey, I could

45:24

have put my money and so many different things

45:27

and been drastically more wealthy. By. You.

45:29

Reach a certain point, right? I mean, when you're

45:32

his age with one hundred million dollars, do you

45:34

really need. A. Billion versus one hundred

45:36

million. Think that's kind of where I'm like. You.

45:38

Know no one hundred percent. Eddie's obviously

45:40

talking his book as he's a money

45:43

manager and he wants out to be

45:45

in his phone's badges. I thought it

45:47

was. I thought of the funniest wow

45:49

was more like talked died.shocked as had

45:51

a guess a bigger. A.

45:53

Bigger net worth for the guy but they he

45:55

seems fine. he seems well spoken. he seems like

45:57

a guy like Peter Schiff is definitely a guy

45:59

that I want to go and have a nice

46:01

got with and just just talk about lies f

46:03

So open invite for my guy Peter Schiff. We

46:05

can hang out since I'm. Not.

46:09

I. Great and we'd love to have Mon

46:11

here to. I think is a smart I

46:13

think he is. Like you said he's is

46:15

speaking for his books you know he's his

46:17

whole business model on his personality is built

46:19

around gold so it's hard to say that

46:21

hey my whole livelihood is around despite something

46:23

else is actually better right? It be almost

46:25

like hypocritical a probably make investors leave want

46:27

to make any sense. I totally get where

46:30

he's coming from. And. I

46:32

don't know. ill manners certainly and is

46:34

always two sides of every argument. I

46:36

think listening to both is always important

46:38

aren't for everyone to make an educated

46:40

decision as well. So. I'm.

46:43

A man A lot happening here as we

46:45

can go into the having which is again

46:47

just a few days away. But. That's

46:49

going a pretty much around us up

46:51

for today's episode every one so a

46:53

lot of volatility, a lot of he

46:55

is happening and I prepare your stomach

46:57

because we. Are. Likely gonna continue

46:59

to get quite a bit of volatility not

47:01

only around this week of the having itself,

47:03

but even in the weeks following the having,

47:05

we could get quite a bit of volatility

47:08

so just kind of prepare yourselves mentally. You

47:10

know again, that could be to the upside

47:12

it could be to the downside. We talked

47:14

about the support levels that need to hold

47:16

for bitcoin to kind of. I. Continue

47:18

moving up here. We talked about what could happen

47:20

if it breaks. If we you know continue back

47:22

up here with you hold the subtle and means

47:25

Bitcoin could have a ten thousand dollar moved to

47:27

the upside so the certainly a lot of things

47:29

the kind of watch out for the All Quinn

47:31

market is. You know, just. Seeing.

47:34

Extra volatility in regards to everything's happening

47:36

so that's going around us up. Thank

47:38

you all for watching again! If you're

47:40

like the content that we make we

47:42

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47:44

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