Almost more importantly than what the US Is doing is what China just did Mike Novag grants just dropped a bombshell on CNBC Galaxy digitals Mike novag Gratz is The poster boy for Wall Street turned Crypto and he just gave us major Insight On what's going on with this dip the Federal Reserve and how wall Street's Biggest banks are positioning so first What's going on with the fed this Happened so what's the FED going to do Next and how will Bitcoin react as the Fed continues making moves yeah listen The FED is going to keep moving rates Lower uh how fast they do we'll see I Think chairman pal was pretty uh Straight forward yesterday you know the Data is going to matter I think it he'd Like to move rates lower faster but he's Not going to be a kamakazi and so right Now you're pricing at about 33 basis Points for each of the next meetings That's probably fair and we'll see with Payroll and a few other uh big data Points uh so what do you think each Basis point or or even water Point Reduction means to the price of Bitcoin If you think that they actually move in Tandem listen I think almost at more Importantly than what the US is doing is What China just did right we've got now The two biggest economies in the world You know cutting rates and pumping Liquidity into the system and at the
Same time we're going to have an Election uh and either candidate wins We're going to have a lot more Regulatory Clarity I it was really Interesting uh what Walt Walt bener said He said well if we had Reg regulatory Clarity then Schwab would probably be Much bigger in crypto Le that's the way I heard him uh I think there there are Scores of trade F companies and large Ones with the exact same idea and I'm Really confident that a year from now we Will have regulatory Clarity so Obviously if Trump follows through on All of his crypto promises we will have Major regulatory Clarity obviously That's true right Trump is promising Crypto holders more than we ever thought Possible at this point and this would be Huge this afternoon I'm laying out my Plan to ensure that the United States Will be the crypto capital of the planet And the Bitcoin superpower of the world And we'll get it Done if crypto is going to define the Future I want to be mind minted and made In the USA but what about comma I would Hope that she would do better better for Crypto than Joe Biden would comma do Just even slightly better for crypto Than Joe Biden interesting perspective Mike novogratz gives here and I'm really Confident that a year from now we will Have regulatory
Clarity under under under whomever is in Charge yes I spent a lot of time Speaking to people around the Harris Campaign the one thing that comes clear Is this is going to be a first-term Presidency not a second Biden term and That means different Personnel different Policies they are going to shift away From the Elizabeth Warren uh faction uh Which really I think most Democrats Realized it was a Fool's errand like why Are you stop standing the way of a Technology that's important you know you Think about what's the important Technologies coming uh AI is certainly The most important but blockchain is Right there Robotics and so you've been Uh uh publicly supporting democrats for A very long time but there has been a Real move obviously within the crypto Space to support former president Trump Do you see that changing over this issue Of crypto the way you now see it you Know listen it's 33 days to the election And I think most people have made their Their their uh Choice up and I think This is going to be who gets the vote to Me I think it's a 50-50 call right now Who's going to win um and you're going To see it all in seven states 42 Counties and about 100,000 votes uh it's A crazy way of elect a president I do Think though going forward both the House and the Senate and the whoever's
In the the the executive side is going To be Pro crypto um I spent a lot of Time with different congressmen and Senators I'm seeing one today uh on the Republican side and they all kind of get It now this is an important technology For America hey big thank you to channel Partner Axel for making this video Possible Axel is the multi-chain Platform that unifies web 3 for Developers deliv delivering applications From any blockchain to every user easily This is a teaser video Let's watch this Together [Music] I will link Axel in the description Below check them out we are actually Seeing both sides come around on crypto When we look at the larger us political Scope I love this us Congressman rokana This is a Democrat from California he Supports establishing a Bitcoin Strategic Reserve this is huge and we Want to make sure that we're leading in The crypto industry and the in the Bitcoin industry uh and and that we're Doing that here I also think that we Want to make sure that we have the Openness to to having Bitcoin as part of The the Federal Reserve and as a reserve Asset because of its potential for Appreciation and because of its Potential uh to to allow America to set The financial standards so yeah I tend
To believe Mike novogratz when he says Things like this at least I want to Believe when you say Pro crypto though What does that mean I mean look there's Bitcoin and there's ether then I'm Looking at salana uh there's Ripple Below it what what else are we talking About I think it's relatively simple What DC has to do they have to pass a Market infrastructure Bill uh that's not Too um suffocating right tell us where We're regulated one reason we don't have A lot of apps on top of these Blockchains is that companies are scared To build you know real companies are Scared to build apps on top of Blockchains because they're not sure They're going to get arrested for Issuing a token or not uh and so once There's Clarity you'll see a lot more Innovation on blockchains uh and so it's A market infrastructure Bill a stable Coin bill and it's a direction to the O OCC to let trade fi companies hold Crypto on their balance sheets those Three things and I'll stop going to Washington as the whole crypto breaking News bitwise files for a spot xrp ETF With the SEC don't be bearish on things Like this this would be huge for any Altcoin by the way how are the current Spot ETFs doing like to me they look Healthy they look steady what do you Think Mike how's Wall Street thinking
About this what's the next big milestone For Bitcoin crypto ETF adoption explain It to me what are you hearing as it Relates to the ETFs and and how much how How big the inroads have been obviously There was a big move of foot when this First happened but it's quieted down Materially since then and I'm trying to Understand what's happened cuz I think Part of the expectation was that you Know all these advisers were all of a Sudden going to be out there marketing This stuff and it was going to shift the Balance you know that's a slower process Than I think the market anticipated Right like a lot of these big platforms Are just starting a month ago starting This month starting next month and so I Think this will be a you know ongoing Play over over the years not over the Months Um and I I just think the more different Ways you give access the next big jolt To bitcoin is going to be when we have Options that trade on the ETFs uh the SEC said they're coming I don't know if It's in three weeks or a month but we Will have what do you think that jolt is Worth you know if you look at micro Strategy as the one place right now you Can get leverage on bitcoin as a retail Investor it trades at more than 2.3 Times the value of the Bitcoin it has Most because of the options it is the
Single often most weeks it's the single Largest uh you know option stock in the Whole Market uh and that tells me Something that there's a whole bunch of Young guys on Robin Hood that want to Play crypto and want to do it with Leverage What do you think happens by The way to micro strategy if in fact That options options become available You know we'll see we'll see uh Michael Sailor has got a a almost Elon Musk like Whole hold on a lot of people they Believe in them uh it it it seems to be A a stock that's very expensive relative To the Bitcoin it owns but uh uh you Know fighting Elon Musk when he was hot Was a was a hard uh a hard thing to do And I'm sure uh you know people think The same thing with sailor do not be Caught on the sidelines we show you Every day you can see what's happening With this industry it's literally headed In Only One Direction ction oh you've Been saying last chance for so long look I've been making one video every day on Crypto since the very beginning of 2018 Sometime around here and right now we're Consolidating at alltime highs so hey This is not Financial advice you make Your own decisions but guys there's a Revolution happening here and it's Cultural and it's Technical and it's Monetary and we keep you updated every Day now is the time to get serious about
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